**REGISTERED COMPANY NUMBER: 05618159 (England and Wales) REGISTERED CHARITY NUMBER: 1127072**
## **Report of the Trustees and**
**Unaudited Financial Statements for the Year Ended 31 March 2021**
**for**
## **The Peaceful Place Ltd**
Butlers Chartered Accountants Suite 6 Burley House 15 High Street Rayleigh Essex SS6 7EW
**The Peaceful Place Ltd**
## **Contents of the Financial Statements for the Year Ended 31 March 2021**
|||**Page**||
|---|---|---|---|
|**Report of the Trustees**|1|to|4|
|**Independent Examiner's Report**||5||
|**Statement of Financial Activities**||6||
|**Balance Sheet**|7|to|8|
|**Cash Flow Statement**||9||
|**Notes to the Cash Flow Statement**||10||
|**Notes to the Financial Statements**|11|to|19|
|**Detailed Statement of Financial Activities**|20|to|21|
**The Peaceful Place Ltd**
## **Report of the Trustees for the Year Ended 31 March 2021**
The Trustees present their report along with financial statements of the charity for the year ended 31 March 2021. The financial statements have been prepared in accordance with the accounting policies set out on pages 10 to 11 and comply with the charity's governing document, the Charities Act 2011 and the Statement of Recommended Practice: Accounting and Reporting by Charities 2005.
## **OBJECTIVES AND ACTIVITIES Objectives and aims**
Objectives, governance, and management
The Peaceful Place Limited was incorporated as a company limited by guarantee on 10 November 2005. It was established under a memorandum of association which sets out the objects and powers of the charitable company and is governed under its Articles of Association. The memorandum and articles were amended by special resolution on 20 November 2008. The company was granted charitable status by the Charity Commission on 5th December 2008 and became active on 1st April 2009.
The Charity uniquely provides a service in Essex to meet the ambitions and needs of individuals of working age, diagnosed with early onset of dementia. We further support individuals who may be older and in the early stage of dementia who geographically live local to Peaceful Place.
The Charities main objective is to provide a service that reflects individual and often complex needs of our members who are active and living in the early stage of a dementia.
The Board administers the Charity meeting with CEO quarterly. As the service is small with a staff team of five the board provide ongoing support outside of the formal structure of meetings. The day-to-day management is delegated to the Charity's Chief Executive Officer, Charlotte Curran who directly reports to the Board.
## **Significant activities**
We provide cognitive stimulation activities.
Services:- range from music therapy to arts and crafts and most popular is our sporting activities. We facilitate all opportunities for peer support, creating strong and supportive friendships and community development.
Family Self-help group: Our family self-help groups welcome the opportunity to share experiences of caring and support with each other whilst developing coping strategies. Strong and supportive friendships are formed within these groups. Peaceful Place's full service of transport, (depending on locality) to and from home, cooked breakfast and lunch and stimulating activities enables our members spouse to focus on other responsibilities. Having to juggle caring with work and childcare duties is often challenging. Family carers report a reduction in their sense of isolation and reduced anxiety as a result of their involvement in the self-help groups.
Environment: Our purpose-built facility provides a wonderful, enriching environment for our members. The space meets the need of active people living with early onset of dementia. The space further allows a range of activities at any given time meeting the multiple needs of our members.
## **Public benefit**
The Trustees have considered their responsibilities for ensuring the charity has a benefit to the public and are satisfied they meet this requirement. The Charity continues to address the unmet need within the community as it is the only service providing younger aged activities for individuals of working age living with Dementia in Essex. We expanded our reach to support more individuals within Southend, Essex and Thurrock. We further offer opportunities to community volunteers and in return they gain skills development, reduced isolation, sense of purpose and belonging whilst promoting the needs of our members and championing their cause.
Our Charity shop is in the heart of a residential community with many elders accessing it, not only to purchase items but also for the benefit of social engagement. All volunteers of the charity shop are retired individuals who further benefit from the social aspect of working within the shop.
Page 1
**The Peaceful Place Ltd**
## **Report of the Trustees for the Year Ended 31 March 2021**
## **ACHIEVEMENT AND PERFORMANCE**
## **Charitable Activities**
As mentioned previously the Charity provides cognitive stimulating and reablement programmes to maintain life skills whilst also meeting the active needs of younger people living with early onset of dementia through sports and physical activities. We meet basic need of food and transport. We provide support to family carers, directly supporting them with care needs assessments and carer assessments.
Our peer support model enables our members to support each other and our families get wider support through our facilitated self- help groups.
We work in partnership with adult social care, NHS and cultural organisations delivering arts music and sports.
## **Fundraising activities**
The Charity wishes to thank our supporters including individuals carrying out fundraising activities and our direct givers for donations received. Without your support we would not be able to provide the variety of services we currently offer.
Covid, like all services and businesses impact on our opportunities to fundraise and the closure of our Charity Shop for 8.5 months also impacted on our income from these sources. The Charity shop, based in Southend is an essential income for the ongoing activities of support at the day activities service.
We are grateful to Southend for the Business interruption grant received to improve the internal space of the shop, increase storage space, and ensure we were fully compliant with regulations with safe distancing, safe storage, and signage.
## Achievements
## Impact of covid:
Covid 19 has affected the delivery of service. During this financial year our building based service closed for 9 months between March 2020 and Sept 2020 and December 2020 to March 2021. The first lockdown, required the closure of both Charity shop and day activities, leaving nil income to the service. All staff, except CEO, were Furloughed, and we are grateful to the Furlough Scheme for the support given to enable our staff to remain safe at home. We, like all other services and business were not set up or ready for the immediate first lockdown. However, we once again thank our wonderful volunteers who continued to offer telephone support to our members.
We are grateful to Essex for the funding received during second lockdown which enabled our staff to work from home part time. This significantly increased our support to our members through Whats App peer support, zoom activities and video conferencing peer support sessions. Our zoom meetings consisted of 1:1 weekly support and group activities of Art and crafts, poetry, quizzes, music therapy and social meetings. We further provided support to family carers.
We reopened again in September with some members choosing not to attend with increased anxiety about potential risks. In December 2020, under Government guidelines, we shut our building-based services for the 3rd time. Being more experienced with our online support we continued to engage our members with inspiring activities and group sessions. The service remained closed until 6th of April 2021.
Staff and Volunteers: The trustees wish to acknowledge the exceptional work of staff and volunteers in this most difficult year. The online work during lockdown was reported as exceptional by members and family carers. The ongoing commitment and professional approach of staff and volunteers continue in supporting our members to access our services safely. A special thank you to our drivers who have worked so very hard in extremely difficult times to safely transport our members to and from the centre.
The Board also wishes to say a big thank you to the volunteers who continue to offer a professional approach in running our Charity shop. The Board recognises the many changes required in their working practice to ensure the shop remained fully compliant with increased health and safety requirements. We are very grateful for their exceptional level of commitment, professionalism and support. Many of the volunteers at Peaceful Place charity shop have been supporting the Charity for over ten years. We cannot thank them enough for this level of dedication.
Fundraising: The Charity continues in its endeavour to seek alternative funding for projects and operational costs. This will be the focus for the next financial year to continue in our stability and service development growth.
Page 2
**The Peaceful Place Ltd**
## **Report of the Trustees for the Year Ended 31 March 2021**
## **FINANCIAL REVIEW**
## **Principal funding sources**
The charity relies on spot purchasing as its primary funding source with some private paying customers. However, this income does not cover full costs and the Charity is reliant on the income generated through fundraising and charity shop. Small grants from trusts for projects costs have been obtained.
## **Reserves policy**
The Trustees recognise the need to keep free reserves to protect the Charity in case of loss of income and to support new opportunities as they arise. The Trustees have considered their reserves policy and have agreed maintaining free reserves (being general funds excluding those tied up in fixed assets or designated by the trustees) at a level between three and six months operating costs to ensure the Charity remains stable and viable for the future. The fund must remain above £122k to meet our reserves policy.
## **Funds in deficit**
The charity made a £22.838 deficit during the year which is significantly less than our previous years deficit of £100,915. The Trustees were aware this deficit was likely considering the year of part closure.
## **FUTURE PLANS**
The Trustees aim is to extend the outbuilding to accommodate the physical needs of our members by providing a dedicated space for low level sporting activity. The space will also ensure we can separate groups further reducing risk of Covid transmission. The focus in the coming year is to strengthen the service model through partnerships and service development opportunities.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## CORONAVIRUS PANDEMIC
The Coronavirus pandemic during 2020 led to much uncertainty for the charity and it's staff and service users. The charity was very fortunate to receive some continued financial contributions from some of our local authorities. We further thank Charitable trusts for their support. The support of government schemes towards the furlough of staff also assisted in ensuring the financial stability of the charity.
The Trustees have reviewed the risk associated with Coronavirus after the balance sheet date and have designated an emergency fund of £100,000 for use should the charity suffer further financial disruption due to government restrictions or instances of service user or staff illness or isolation. Approved by order of the board of trustees on 15 October 2021 and signed on its behalf by: Mrs Ann Davenport Chair.
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Registered Company number**
05618159 (England and Wales)
## **Registered Charity number**
1127072
## **Registered office**
261 Timberlog Lane Basildon Essex SS14 1PA
## **Trustees**
Mr C Cormack (deceased 1.11.2020) Mrs A Davenport Chairperson Mrs S Hillier
## **Company Secretary**
Page 3
**The Peaceful Place Ltd**
## **Report of the Trustees for the Year Ended 31 March 2021**
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Independent Examiner**
Butlers Chartered Accountants Suite 6 Burley House 15 High Street Rayleigh Essex SS6 7EW
## **CORONAVIRUS PANDEMIC**
The Coronavirus pandemic during 2020 lead to much uncertainty for the charity and it's staff and service users. The charity was very fortunate to receive some continued financial contributions from some of our local authorities. The support of government schemes towards the furlough of staff also assisted in ensuring the financial survival of the charity. The Trustees have reviewed the risk associated with Coronavirus after the balance sheet date and have designated an emergency fund of £100,000 for use should the charity suffer further financial disruption due to government restrictions or instances of service user or staff illness or isolation.
Approved by order of the board of trustees on 13 December 2021 and signed on its behalf by:
Mrs A Davenport - Trustee
Page 4
## **Independent Examiner's Report to the Trustees of The Peaceful Place Ltd**
## **Independent examiner's report to the trustees of The Peaceful Place Ltd ('the Company')**
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2021.
## **Responsibilities and basis of report**
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
## **Independent examiner's statement**
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Hayley Meagher ICAEW 9130081 Butlers Chartered Accountants Suite 6 Burley House 15 High Street Rayleigh Essex SS6 7EW
13 December 2021
Page 5
**The Peaceful Place Ltd**
## **Statement of Financial Activities for the Year Ended 31 March 2021**
|Notes
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
2
**Charitable activities**
4
Core dementia services
Other trading activities
3
Other income
**Total**
**EXPENDITURE ON**
Raising funds
5
**Charitable activities**
6
Core dementia services
**Total**
**NET INCOME/(EXPENDITURE)**
**Transfers between funds**
16
**Net movement in funds**
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
**TOTAL FUNDS CARRIED FORWARD**|Unrestricted
funds
£
15,727
157,049
15,424
33,158
221,358
23,746
220,450
244,196
(22,838)
5,000
(17,838)
1,418,614
1,400,776|Restricted
funds
£
-
26,210
-
-
26,210
-
26,210
26,210
-
(5,000)
(5,000)
5,000
-|31.3.21
Total
funds
£
15,727
183,259
15,424
33,158
247,568
23,746
246,660
270,406
(22,838)
-
(22,838)
1,423,614
1,400,776|31.3.20
Total
funds
£
57,394
162,080
60,546
-
280,020
31,480
349,455
380,935
(100,915)
-
(100,915)
1,524,529
1,423,614|
|---|---|---|---|---|
The notes form part of these financial statements
Page 6
**The Peaceful Place Ltd**
## **Balance Sheet 31 March 2021**
|Notes
**FIXED ASSETS**
Tangible assets
12
**CURRENT ASSETS**
Debtors
13
Cash at bank and in hand
**CREDITORS**
Amounts falling due within one year
14
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**NET ASSETS**
**FUNDS**
16
Unrestricted funds:
General fund
Designated - Timberlog Lane Centre
Redundancy reserve fund
Covid emergency continuation fund
Restricted funds
**TOTAL FUNDS**|Unrestricted
funds
£
994,753
22,281
398,318
420,599
(14,576)
406,023
1,400,776
1,400,776|Restricted
funds
£
-
-
-
-
-
-
-
-|31.3.21
Total
funds
£
994,753
22,281
398,318
420,599
(14,576)
406,023
1,400,776
1,400,776
324,598
936,178
40,000
100,000
1,400,776
-
1,400,776|31.3.20
Total
funds
£
992,550
25,403
415,679
441,082
(10,018)
431,064
1,423,614
1,423,614
342,436
936,178
40,000
100,000
1,418,614
5,000
1,423,614|
|---|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
- (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
- (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
continued...
Page 7
**The Peaceful Place Ltd**
## **Balance Sheet - continued 31 March 2021**
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 13 December 2021 and were signed on its behalf by:
Mrs A Davenport - Trustee
The notes form part of these financial statements
Page 8
**The Peaceful Place Ltd**
## **Cash Flow Statement for the Year Ended 31 March 2021**
|Notes
**Cash flows from operating activities**
Cash generated from operations
1
Taxation refund
Net cash provided by/(used in) operating activities
**Cash flows from investing activities**
Purchase of tangible fixed assets
Net cash used in investing activities
**Change in cash and cash equivalents in**
**the reporting period**
**Cash and cash equivalents at the**
**beginning of the reporting period**
2
**Cash and cash equivalents at the end of**
**the reporting period**
2|31.3.21
£
11,410
-
11,410
(27,476)
(27,476)
(16,066)
414,384
398,318|31.3.20
£
(57,547)
(1)
(57,548)
(15,499)
(15,499)
(73,047)
487,431
414,384|
|---|---|---|
The notes form part of these financial statements
Page 9
**The Peaceful Place Ltd**
## **Notes to the Cash Flow Statement for the Year Ended 31 March 2021**
## **1. RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES**
||**ACTIVITIES**||||
|---|---|---|---|---|
||||31.3.21|31.3.20|
||||£|£|
||**Net expenditure for the reporting period (as per the Statement of**||||
||**Financial Activities)**||(22,838)|(100,915)|
||**Adjustments for:**||||
||Depreciation charges||25,273|22,880|
||Decrease in debtors||3,122|23,310|
||Increase/(decrease) in creditors||5,853|(2,822)|
||**Net cash provided by/(used in) operations**||11,410|(57,547)|
|**2.**|**ANALYSIS OF CASH AND CASH EQUIVALENTS**||||
||||31.3.21|31.3.20|
||||£|£|
||Cash in hand||-|137|
||Notice deposits (less than 3 months)||398,318|415,542|
||Overdrafts included in bank loans and overdrafts falling due within one year||-|(1,295)|
||Total cash and cash equivalents||398,318|414,384|
|3.|**ANALYSIS OF CHANGES IN NET FUNDS**||||
|||At 1.4.20|Cash flow|At 31.3.21|
|||£|£|£|
||**Net cash**||||
||Cash at bank and in hand|415,679|(17,361)|398,318|
||Bank overdraft|(1,295)|1,295|-|
|||414,384|(16,066)|398,318|
||**Total**|414,384|(16,066)|398,318|
The notes form part of these financial statements
Page 10
**The Peaceful Place Ltd**
## **Notes to the Financial Statements for the Year Ended 31 March 2021**
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost Computer equipment - 50% on cost
## **Taxation**
The charity is exempt from corporation tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
## **Hire purchase and leasing commitments**
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
## **Pension costs and other post-retirement benefits**
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
continued...
Page 11
**The Peaceful Place Ltd**
## **Notes to the Financial Statements - continued for the Year Ended 31 March 2021**
|**2.**
**DONATIONS AND LEGACIES**
Gifts and donations
Fundraising income
Legacies
Grants
Grants received, included in the above, are as follows:
Cooperative Trust
Fowler Smith and Jones Trust
Other grants
**3.**
**OTHER TRADING ACTIVITIES**
Shop income
**4.**
**INCOME FROM CHARITABLE ACTIVITIES**
Activity
Day centre fees
Core dementia services
Grants
Core dementia services
Grants received, included in the above, are as follows:
Essex Community Foundation
The Albert Hunt Trust
Lottery Community Fund
Groundwork UK|31.3.21
£
4,387
-
-
11,340
15,727
31.3.21
£
-
-
11,340
11,340
31.3.21
£
15,424
31.3.21
£
157,049
26,210
183,259
31.3.21
£
-
-
25,050
1,160
26,210|31.3.20
£
32,009
5,898
17,352
2,135
57,394
31.3.20
£
135
2,000
-
2,135
31.3.20
£
60,546
31.3.20
£
154,080
8,000|31.3.20
£
32,009
5,898
17,352
2,135
57,394
31.3.20
£
135
2,000
-
2,135
31.3.20
£
60,546
31.3.20
£
154,080
8,000|
|---|---|---|---|
|||162,080||
|||31.3.20
£
3,000
5,000
-
-
8,000||
||||8,000|
continued...
Page 12
**The Peaceful Place Ltd**
## **Notes to the Financial Statements - continued for the Year Ended 31 March 2021**
## **5. RAISING FUNDS**
||**Raising donations and legacies**||||
|---|---|---|---|---|
||||31.3.21|31.3.20|
||||£|£|
||Staff costs||7,041|23,035|
||Fundraising expenses||176|354|
||Support costs||-|63|
||||7,217|23,452|
||**Other trading activities**||||
||||31.3.21|31.3.20|
||||£|£|
||Staff costs||7,435|-|
||Rent||3,770|3,480|
||Cleaning materials||36|-|
||Telephone and internet||615|426|
||Printing and postage||149|576|
||Repairs and renewals||1,987|198|
||Insurance||99|270|
||Light and heat||309|751|
||Waste disposal||693|1,559|
||Water and rates||142|443|
||Direct costs||794|-|
||Catering||-|18|
||Travelling||-|307|
||Volunteer Gifts||500|-|
||||16,529|8,028|
||Aggregate amounts||23,746|31,480|
|**6.**|**CHARITABLE ACTIVITIES COSTS**||||
||||Support||
|||Direct|costs (see||
|||Costs|note 7)|Totals|
|||£|£|£|
||Core dementia services|243,470|3,190|246,660|
continued...
Page 13
**The Peaceful Place Ltd**
## **Notes to the Financial Statements - continued for the Year Ended 31 March 2021**
## **7. SUPPORT COSTS**
|**SUPPORT COSTS**||||
|---|---|---|---|
|||Governance||
||Finance|costs|Totals|
||£|£|£|
|Core dementia services|850|2,340|3,190|
|**NET INCOME/(EXPENDITURE)**||||
|Net income/(expenditure) is stated after charging/(crediting):||||
|||31.3.21|31.3.20|
|||£|£|
|Other non-audit services||2,340|2,340|
|Depreciation - owned assets||25,273|22,879|
|Other operating leases||3,770|3,480|
## **8. NET INCOME/(EXPENDITURE)**
## **9. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 March 2021 nor for the year ended 31 March 2020.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 March 2021 nor for the year ended 31 March 2020.
## **10. STAFF COSTS**
|Wages and salaries
Social security costs
Other pension costs
The average monthly number of employees during the year was as follows:
Operational
Fundraising||31.3.21
£
167,428
8,645
2,388
178,461
31.3.21
6
-
6||31.3.20
£
218,885
12,538
2,987|
|---|---|---|---|---|
|||||234,410|
|||||31.3.20
12
1
13|
No employees received emoluments in excess of £60,000.
continued...
Page 14
**The Peaceful Place Ltd**
## **Notes to the Financial Statements - continued for the Year Ended 31 March 2021**
|**11.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL**
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
**Charitable activities**
Core dementia services
Other trading activities
**Total**
**EXPENDITURE ON**
Raising funds
**Charitable activities**
Core dementia services
**Total**
**NET INCOME/(EXPENDITURE)**
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
**TOTAL FUNDS CARRIED FORWARD**
**12.**
**TANGIBLE FIXED ASSETS**
Fixtures
Freehold
and
property
fittings
£
£
**COST**
At 1 April 2020
936,178
65,188
Additions
-
7,221
At 31 March 2021
936,178
72,409
**DEPRECIATION**
At 1 April 2020
-
38,373
Charge for year
-
15,529
At 31 March 2021
-
53,902
**NET BOOK VALUE**
At 31 March 2021
936,178
18,507
At 31 March 2020
936,178
26,815|**ACTIVITIES**
Unrestricted
funds
£
57,394
154,080
60,546
272,020
31,480
346,455
377,935
(105,915)
1,524,529
1,418,614
Motor
vehicles
£
69,001
20,255
89,256
40,045
9,487
49,532
39,724
28,956||Restricted
funds
£
-
8,000
-
8,000
-
3,000
3,000
5,000
-
5,000
Computer
equipment
£
1,027
-
1,027
426
257
683
344
601|Total
funds
£
57,394
162,080
60,546
280,020
31,480
349,455
380,935
(100,915)
1,524,529
1,423,614
Totals
£
1,071,394
27,476
1,098,870
78,844
25,273
104,117
994,753
992,550|
|---|---|---|---|---|
||||||
||||||
||||||
||||||
||||||
continued...
Page 15
**The Peaceful Place Ltd**
## **Notes to the Financial Statements - continued for the Year Ended 31 March 2021**
|**13.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Trade debtors
Prepayments and accrued income
**14.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Bank loans and overdrafts (see note 15)
Trade creditors
Social security and other taxes
Pension
Other creditors
Accruals and deferred income
**15.**
**LOANS**
An analysis of the maturity of loans is given below:
Amounts falling due within one year on demand:
Bank overdrafts
**16.**
**MOVEMENT IN FUNDS**
Net
movement
At 1.4.20
in funds
£
£
**Unrestricted funds**
General fund
342,436
(22,838)
Designated - Timberlog Lane Centre
936,178
-
Redundancy reserve fund
40,000
-
Covid emergency continuation fund
100,000
-
1,418,614
(22,838)
**Restricted funds**
Minibuses grants
5,000
-
**TOTAL FUNDS**
1,423,614
(22,838)|31.3.21
£
2,625
19,656
22,281
31.3.21
£
-
6,184
3,437
-
180
4,775
14,576
31.3.21
£
-
Transfers
between
funds
£
5,000
-
-
-
5,000
(5,000)
-|31.3.20
£
19,226
6,177
25,403
31.3.20
£
1,295
1,494
4,531
358
-
2,340
10,018
31.3.20
£
1,295
At
31.3.21
£
324,598
936,178
40,000
100,000|
|---|---|---|
|||1,400,776
-|
|||1,400,776|
Page 16
continued...
**The Peaceful Place Ltd**
## **Notes to the Financial Statements - continued for the Year Ended 31 March 2021**
## **16. MOVEMENT IN FUNDS - continued**
Net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**Restricted funds**
Lottery Covid Fund
Groundwork UK
**TOTAL FUNDS**|Incoming
resources
£
221,358
25,050
1,160
26,210
247,568|Resources
Movement
expended
in funds
£
£
(244,196)
(22,838)
(25,050)
-
(1,160)
-
(26,210)
-
(270,406)
(22,838)|Resources
Movement
expended
in funds
£
£
(244,196)
(22,838)
(25,050)
-
(1,160)
-
(26,210)
-
(270,406)
(22,838)|
|---|---|---|---|
||||-|
||||(22,838)|
## **Comparatives for movement in funds**
|**Unrestricted funds**
General fund
Designated - Timberlog Lane Centre
Redundancy reserve fund
Covid emergency continuation fund
**Restricted funds**
Minibuses grants
**TOTAL FUNDS**|At 1.4.19
£
556,351
936,178
32,000
-
1,524,529
-
1,524,529|Net
movement
in funds
£
(105,915)
-
-
-
(105,915)
5,000
(100,915)|Transfers
between
funds
£
(108,000)
-
8,000
100,000
-
-
-|At
31.3.20
£
342,436
936,178
40,000
100,000|
|---|---|---|---|---|
|||||1,418,614
5,000|
|||||1,423,614|
continued...
Page 17
**The Peaceful Place Ltd**
## **Notes to the Financial Statements - continued for the Year Ended 31 March 2021**
## **16. MOVEMENT IN FUNDS - continued**
Comparative net movement in funds, included in the above are as follows:
|Incoming
resources
£
**Unrestricted funds**
General fund
272,020
**Restricted funds**
Minibuses grants
5,000
Essex Community Foundation
3,000
8,000
**TOTAL FUNDS**
280,020
A current year 12 months and prior year 12 months combined position is as follows:
Net
movement
At 1.4.19
in funds
£
£
**Unrestricted funds**
General fund
556,351
(128,753)
Designated - Timberlog Lane Centre
936,178
-
Redundancy reserve fund
32,000
-
Covid emergency continuation fund
-
-
1,524,529
(128,753)
**Restricted funds**
Minibuses grants
-
5,000
**TOTAL FUNDS**
1,524,529
(123,753)|Incoming
resources
£
**Unrestricted funds**
General fund
272,020
**Restricted funds**
Minibuses grants
5,000
Essex Community Foundation
3,000
8,000
**TOTAL FUNDS**
280,020
A current year 12 months and prior year 12 months combined position is as follows:
Net
movement
At 1.4.19
in funds
£
£
**Unrestricted funds**
General fund
556,351
(128,753)
Designated - Timberlog Lane Centre
936,178
-
Redundancy reserve fund
32,000
-
Covid emergency continuation fund
-
-
1,524,529
(128,753)
**Restricted funds**
Minibuses grants
-
5,000
**TOTAL FUNDS**
1,524,529
(123,753)|Resources
expended
£
(377,935)
-
(3,000)
(3,000)
(380,935)
Transfers
between
funds
£
(103,000)
-
8,000
100,000
5,000
(5,000)
-|Movement
in funds
£
(105,915)
5,000
-
5,000
(100,915)
At
31.3.21
£
324,598
936,178
40,000
100,000
1,400,776
-
1,400,776|
|---|---|---|---|
|||||
|||||
continued...
Page 18
**The Peaceful Place Ltd**
## **Notes to the Financial Statements - continued for the Year Ended 31 March 2021**
## **16. MOVEMENT IN FUNDS - continued**
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**Restricted funds**
Minibuses grants
Essex Community Foundation
Lottery Covid Fund
Groundwork UK
**TOTAL FUNDS**|Incoming
resources
£
493,378
5,000
3,000
25,050
1,160
34,210
527,588|Resources
Movement
expended
in funds
£
£
(622,131)
(128,753)
-
5,000
(3,000)
-
(25,050)
-
(1,160)
-
(29,210)
5,000
(651,341)
(123,753)|
|---|---|---|
## Restricted Funds:
Restricted funds held are for separable funded projects that are in relation to projects relating to the operation of the day centre.
Designated Funds: Timberlog Lane Fund: This fund holds designated monies in respect of expected spending towards the conversion of the Timberlog Lane site into a new day centre which will not be funded by grants received.
## **17. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 March 2021.
Page 19
**The Peaceful Place Ltd**
## **Detailed Statement of Financial Activities for the Year Ended 31 March 2021**
||31.3.21|31.3.20|
|---|---|---|
||£|£|
|**INCOME AND ENDOWMENTS**|||
|**Donations and legacies**|||
|Gifts and donations|4,387|32,009|
|Fundraising income|-|5,898|
|Legacies|-|17,352|
|Grants|11,340|2,135|
||15,727|57,394|
|**Other trading activities**|||
|Shop income|15,424|60,546|
|**Charitable activities**|||
|Day centre fees|157,049|154,080|
|Grants|26,210|8,000|
||183,259|162,080|
|**Other income**|||
|Other Income|33,158|-|
|**Total incoming resources**|247,568|280,020|
|**EXPENDITURE**|||
|**Raising donations and legacies**|||
|Wages|6,527|21,101|
|Social security|396|1,517|
|Pensions|118|417|
|Fundraising expenses|176|354|
||7,217|23,389|
|**Other trading activities**|||
|Casual Wages|7,435|-|
|Rent|3,770|3,480|
|Cleaning materials|36|-|
|Telephone and internet|615|426|
|Printing and postage|149|576|
|Repairs and renewals|1,987|198|
|Insurance|99|270|
|Light and heat|309|751|
|Waste disposal|693|1,559|
|Water and rates|142|443|
|Direct costs|794|-|
|Catering|-|18|
|Travelling|-|307|
|Carried forward|16,029|8,028|
This page does not form part of the statutory financial statements
Page 20
**The Peaceful Place Ltd**
## **Detailed Statement of Financial Activities for the Year Ended 31 March 2021**
||31.3.21|31.3.20|
|---|---|---|
||£|£|
|**Other trading activities**|||
|Brought forward|16,029|8,028|
|Volunteer Gifts|500|-|
||16,529|8,028|
|**Charitable activities**|||
|Day centre wages|153,466|197,784|
|Social security|8,249|11,021|
|Pensions|2,270|2,570|
|Rent & rates|-|(363)|
|Insurance|1,131|2,417|
|Light and heat|3,295|4,523|
|Telephone|2,895|2,434|
|Postage and stationery|1,138|3,137|
|Activity equipment & materials|940|4,678|
|Catering|3,067|9,482|
|Cleaning & medical supplies|2,406|4,304|
|IT software & consumables|3,771|6,231|
|Maintenance and ground repairs|1,138|3,570|
|Advertising & marketing|421|633|
|Miscellaneous|-|549|
|Plant repairs & maintenance|1,385|432|
|Professional Fees|792|11,162|
|Subscriptions and licences|480|729|
|Protective clothing & uniform|2,069|213|
|Training & Travel|2,192|1,273|
|Vehicle expenses|5,986|14,072|
|Waste disposal|1,572|1,793|
|Advocacy services|-|26,517|
|Staff entertaining|270|-|
|Bookkeeping|3,694|4,495|
|Project Costs|9,360|-|
|HR & risk assessment|6,210|9,347|
|Fixtures and fittings|15,529|14,022|
|Motor vehicles|9,487|8,625|
|Computer equipment|257|233|
||243,470|345,883|
|**Support costs**|||
|**Finance**|||
|Bank charges|850|1,295|
|**Governance costs**|||
|Auditors' remuneration for non audit work|2,340|2,340|
|Total resources expended|270,406|380,935|
|**Net expenditure**|(22,838)|(100,915)|
This page does not form part of the statutory financial statements
Page 21