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2022-03-31-accounts

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 2022

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 2022

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 20
Detailed Statement of Financial Activities 21 to 22

The Peaceful Place Ltd

Report of the Trustees for the Year Ended 31 March 2022

The Trustees present their report along with financial statements of the charity for the year ended 31 March 2022. The financial statements have been prepared in accordance with the accounting policies set out on page 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, Aims, 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 Nov. 2008. The company was granted charitable status by the Charity Commission on 5th December 2008 and became active on 1st April 2009.

The Charity's objective is to empower individuals living with dementia and reduce their isolation through the provision of peer support, cognitive stimulation and physical activities. Our aim is to deliver a social model of care. We recognise them as experts by experience and focus on abilities, skills and talents and not the disability and what they cannot do.

The Charity uniquely provides activities and support to individuals diagnosed with early onset dementia at working age. We have expanded our services to include early-stage dementia as, post covid, we found a lack in provision of stimulating activities for individuals living in the early stage of dementia requiring physical activities, peer support and cognitive stimulation. We have responded to this need, receiving referrals from Thurrock, Southend, and Essex.

As a social model of care, we provide activities that focus on skills, abilities, interests, and talents. Our aim is to slow down the progression of dementia through cognitive stimulation, physical activities, and therapeutic support. We encourage and facilitate opportunities of peer support, creating strong supportive friendships reducing isolation and loneliness and creating a more active community of individuals living well with a diagnosis of dementia.

The day-to-day management of the Charity is delegated to the Chief Executive Officer, Charlotte Curran who reports to the Board of Trustees at quarterly meetings. The Board further dedicates time and expertise to Finance and Fundraising Sub-Committee meetings.

Page 1

The Peaceful Place Ltd

Report of the Trustees for the Year Ended 31 March 2022

OBJECTIVES AND ACTIVITIES Significant activities

We recognise the strength in partnership approach to meeting the various needs and desires of our members.

Inhouse Partners:-

Community partners: -

Sports for Confidence, who provide sensory swimming, strength and balance, Love to Move, multi sports, Boccia, track and table tennis at our local leisure centres daily.

Whilst we recognise the importance of creating a space that is inclusive and empowering for our members living with Dementia, we further consider the needs of family carers, who may need to attend work, have parenting duties and household responsibilities and demands. The service begins with the majority of members being collected from 8 o clock in the morning with last drop off at 6 in the evening. We provide a cooked breakfast and lunch, catering for all dietary needs. We facilitate and support peer support family carer groups and assist, advise and refer on all matters relating to caring role.

Referrals: We receive referrals from various Health and Social Care professionals from Thurrock, Southend and Essex.

Environment: Our purpose-built facility provides a warm welcoming and safe environment for our members.

Public benefit

The Trustees and CEO continuously considers their responsibilities for ensuring the charity has a benefit to the public and are satisfied they meet this requirement. We have responded, post covid to an unmet and increasing need of individuals in early-stage dementia requiring an active and stimulating service. Peaceful Place remains the only service in Essex providing specialist early onset dementia care. We further provide opportunities for volunteering and student placement.

Charity Shop: Charity Shop income continues to be a valuable and consistent income for the running and maintenance of Peaceful Place services. The Board continue in their admiration of, and gratitude for, the dedication of volunteers both within the Charity Shop and Peaceful Place service.

ACHIEVEMENT AND PERFORMANCE

Page 2

The Peaceful Place Ltd

Report of the Trustees for the Year Ended 31 March 2022

FINANCIAL REVIEW

Principal funding sources

The primary funding source comes from Adult Social Care budgets for spot purchased placements as well as private paying customers. Project costs are funded through charitable trusts, income from the Charity shop and donations.

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 six-months operating costs to ensure the Charity remains stable and viable for the future.

Funds in deficit

The charity made a surplus in the year of £41,389 which is significant improvement to our previous years deficit of £22,838. The Board expects to continue in a surplus making position for the current year.

FUTURE PLANS

The Charity is committed to continuing and expanding its offerings for the benefit of those living with early onset dementia, and their Carers, by further developing relationships with both Inhouse and Community Partners. In the longer term, the Charity would like to expand into a second Daycare Centre and to open a second Charity Shop. The Trustees, and CEO, are working on a strategy to achieve this within the next 2-3 years.

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 3.10.2021) Mrs A Davenport Chairperson Mrs S Hillier Mr G Baker Trustee (appointed 2.7.2021) Mr W J Gould Trustee (appointed 10.2.2022)

Company Secretary

Butlers Financial Limited

Page 3

The Peaceful Place Ltd

Report of the Trustees for the Year Ended 31 March 2022

REFERENCE AND ADMINISTRATIVE DETAILS

Independent Examiner Butlers Chartered Accountants Suite 6 Burley House 15 High Street Rayleigh Essex SS6 7EW

Approved by order of the board of trustees on 27 January 2023 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 2022.

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

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of ICAEW 9130081 which is one of the listed bodies.

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

27 January 2023

Page 5

The Peaceful Place Ltd

Statement of Financial Activities for the Year Ended 31 March 2022

Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
Charitable activities
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)
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
funds
£
10,441
262,005
56,588
666
329,700
8,011
280,300
288,311
41,389
1,400,776
1,442,165		 Restricted
funds
£
-
21,110
-
-
21,110
-
21,110
21,110
-
-
-		 31.3.22
Total
funds
£
10,441
283,115
56,588
666
350,810
8,011
301,410
309,421
41,389
1,400,776
1,442,165		 31.3.21
Total
funds
£
15,727
183,259
15,424
33,158
247,568
16,311
254,095
270,406
(22,838)
1,423,614
1,400,776

The notes form part of these financial statements

Page 6

The Peaceful Place Ltd

Balance Sheet 31 March 2022

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
15
Unrestricted funds:
General fund
Designated - Timberlog Lane Centre
Redundancy reserve fund
Covid emergency continuation fund
TOTAL FUNDS		 Unrestricted
funds
£
995,071
28,104
428,034
456,138
(9,044)
447,094
1,442,165
1,442,165		 Restricted
funds
£
-
-
-
-
-
-
-
-		 31.3.22
Total
funds
£
995,071
28,104
428,034
456,138
(9,044)
447,094
1,442,165
1,442,165
365,987
936,178
40,000
100,000
1,442,165
1,442,165		 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

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

The notes form part of these financial statements

continued...

Page 7

The Peaceful Place Ltd

Balance Sheet - continued 31 March 2022

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 27 January 2023 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 2022

Notes
Cash flows from operating activities
Cash generated from operations
1
Net cash provided by 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
Cash and cash equivalents at the end of
the reporting period		 31.3.22
£
57,553
57,553
(27,837)
(27,837)
29,716
398,318
428,034		 31.3.21
£
11,410
11,410
(27,476)
(27,476)
(16,066)
414,384
398,318

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 2022

1. RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW FROM OPERATING ACTIVITIES

OPERATING ACTIVITIES
Net income/(expenditure) for the reporting period (as per the
Statement of Financial Activities)
Adjustments for:
Depreciation charges
(Increase)/decrease in debtors
(Decrease)/increase in creditors
Net cash provided by operations		 31.3.22
£
41,389
27,519
(5,823)
(5,532)
57,553		 31.3.21
£
(22,838)
25,273
3,122
5,853
11,410

2. ANALYSIS OF CHANGES IN NET FUNDS

At 1.4.21 Cash flow At 31.3.22
£ £ £
Net cash
Cash at bank and in hand 398,318 29,716 428,034
398,318 29,716 428,034
Total 398,318 29,716 428,034

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 2022

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.

Plant and machinery - Straight line over 8 years 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 2022

2.
DONATIONS AND LEGACIES
Gifts and donations
Grants
Grants received, included in the above, are as follows:
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
Lottery Community Fund
Groundwork UK
Essex County Council
National Lottery		 31.3.22
£
7,441
3,000
10,441
31.3.22
£
3,000
-
3,000
31.3.22
£
56,588
31.3.22
£
253,969
29,146
283,115
31.3.22
£
5,180
-
-
14,166
9,800
29,146		 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		 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
26,210

continued...

Page 12

The Peaceful Place Ltd

Notes to the Financial Statements - continued for the Year Ended 31 March 2022

5. RAISING FUNDS

Raising donations and legacies
31.3.22 31.3.21
£ £
Staff costs - 7,041
Fundraising expenses 151 176
151 7,217
Other trading activities
31.3.22 31.3.21
£ £
Rent 4,350 3,770
Cleaning materials 30 36
Telephone and internet 336 615
Printing and postage 268 149
Repairs and renewals 235 1,987
Insurance 90 99
Light and heat 796 309
Waste disposal 509 693
Water and rates 925 142
Direct costs 285 794
Travel & Training 36 -
Volunteer Gifts - 500
7,860 9,094
Aggregate amounts 8,011 16,311
6. CHARITABLE ACTIVITIES COSTS
Support
Direct costs (see
Costs note 7) Totals
£ £ £
Core dementia services 297,765 3,645 301,410

continued...

Page 13

The Peaceful Place Ltd

Notes to the Financial Statements - continued for the Year Ended 31 March 2022

7. SUPPORT COSTS

SUPPORT COSTS
Governance
Finance costs Totals
£ £ £
Core dementia services 1,305 2,340 3,645
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
31.3.22 31.3.21
£ £
Other non-audit services 2,340 2,340
Depreciation - owned assets 27,519 25,273
Other operating leases 4,350 3,770

8. NET INCOME/(EXPENDITURE)

9. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2022 nor for the year ended 31 March 2021.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2022 nor for the year ended 31 March 2021.

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		 31.3.22
£
156,831
8,517
2,791
168,139
31.3.22
6		 31.3.21
£
167,428
8,645
2,388
178,461
31.3.21
6

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 2022

11.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL
INCOME AND ENDOWMENTS FROM
Donations and legacies
Charitable activities
Core dementia services
Other trading activities
Other income
Total
EXPENDITURE ON
Raising funds
Charitable activities
Core dementia services
Total
NET INCOME/(EXPENDITURE)
Transfers between funds
Net movement in funds
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 ACTIVITIES
Unrestricted
funds
£
15,727
157,049
15,424
33,158
221,358
16,311
227,885
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
-		 Total
funds
£
15,727
183,259
15,424
33,158
247,568
16,311
254,095
270,406
(22,838)
-
(22,838)
1,423,614
1,400,776

Page 15

continued...

The Peaceful Place Ltd

Notes to the Financial Statements - continued for the Year Ended 31 March 2022

12. TANGIBLE FIXED ASSETS

COST
At 1 April 2021
Additions
At 31 March 2022
DEPRECIATION
At 1 April 2021
Charge for year
At 31 March 2022
NET BOOK VALUE
At 31 March 2022
At 31 March 2021
COST
At 1 April 2021
Additions
At 31 March 2022
DEPRECIATION
At 1 April 2021
Charge for year
At 31 March 2022
NET BOOK VALUE
At 31 March 2022
At 31 March 2021
13.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
Prepayments and accrued income		 Freehold
property
£
936,178
-
936,178
-
-
-
936,178
936,178
Motor
vehicles
£
89,256
21,000
110,256
49,532
10,657
60,189
50,067
39,724
 Fixtures
Plant and
and
machinery
fittings
£
£
-
72,409
2,055
4,624
2,055
77,033
-
53,902
561
16,005
561
69,907
1,494
7,126
-
18,507
Computer
equipment
Totals
£
£
1,027
1,098,870
158
27,837
1,185
1,126,707
683
104,117
296
27,519
979
131,636
206
995,071
344
994,753
31.3.22
31.3.21
£
£
4,550
2,625
23,554
19,656
28,104
22,281		 Fixtures
and
fittings
£
72,409
4,624		 Fixtures
and
fittings
£
72,409
4,624
77,033
53,902
16,005
69,907
7,126
18,507
104,117
27,519
131,636
995,071
994,753
31.3.21
£
2,625
19,656
22,281
22,281

Page 16

continued...

The Peaceful Place Ltd

Notes to the Financial Statements - continued for the Year Ended 31 March 2022

14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Trade creditors
Social security and other taxes
Other creditors
Accruals and deferred income
MOVEMENT IN FUNDS
Unrestricted funds
General fund
Designated - Timberlog Lane Centre
Redundancy reserve fund
Covid emergency continuation fund
TOTAL FUNDS
Net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
Restricted funds
Thriving Sector
Sports Project
Drivers/Buddies Fund
TOTAL FUNDS		 At 1.4.21
£
324,598
936,178
40,000
100,000
1,400,776
1,400,776
Incoming
resources
£
329,700
5,180
10,680
5,250
21,110
350,810		 31.3.22
£
3,236
2,963
-
2,845
9,044
Net
movement
in funds
£
41,389
-
-
-
41,389
41,389
Resources
expended
£
(288,311)
(5,180)
(10,680)
(5,250)
(21,110)
(309,421)		 31.3.21
£
6,184
3,437
180
4,775
14,576
At
31.3.22
£
365,987
936,178
40,000
100,000		 31.3.21
£
6,184
3,437
180
4,775
14,576
At
31.3.22
£
365,987
936,178
40,000
100,000
1,442,165
1,442,165
Movemen
in funds
£
41,389
-
-
-
-
41,389
-
41,389

15. MOVEMENT IN FUNDS

continued...

Page 17

The Peaceful Place Ltd

Notes to the Financial Statements - continued for the Year Ended 31 March 2022

15. MOVEMENT IN FUNDS - continued

Comparatives for 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)
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
221,358
Restricted funds
Lottery Covid Fund
25,050
Groundwork UK
1,160
26,210
TOTAL FUNDS
247,568		 Transfers
between
funds
£
5,000
-
-
-
5,000
(5,000)
-
Resources
expended
£
(244,196)
(25,050)
(1,160)
(26,210)
(270,406)		 At
31.3.21
£
324,598
936,178
40,000
100,000
1,400,776
-
1,400,776
Movement
in funds
£
(22,838)
-
-
-
(22,838)

continued...

Page 18

The Peaceful Place Ltd

Notes to the Financial Statements - continued for the Year Ended 31 March 2022

15. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds
General fund
Designated - Timberlog Lane Centre
Redundancy reserve fund
Covid emergency continuation fund
Restricted funds
Minibuses grants
TOTAL FUNDS		 At 1.4.20
£
342,436
936,178
40,000
100,000
1,418,614
5,000
1,423,614		 Net
movement
in funds
£
18,551
-
-
-
18,551
-
18,551		 Transfers
between
funds
£
5,000
-
-
-
5,000
(5,000)
-		 At
31.3.22
£
365,987
936,178
40,000
100,000
1,442,165
-
1,442,165

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
Lottery Covid Fund
Groundwork UK
Thriving Sector
Sports Project
Drivers/Buddies Fund
TOTAL FUNDS		 Incoming
resources
£
551,058
25,050
1,160
5,180
10,680
5,250
47,320
598,378		 Resources
Movement
expended
in funds
£
£
(532,507)
18,551
(25,050)
-
(1,160)
-
(5,180)
-
(10,680)
-
(5,250)
-
(47,320)
-
(579,827)
18,551		 Resources
Movement
expended
in funds
£
£
(532,507)
18,551
(25,050)
-
(1,160)
-
(5,180)
-
(10,680)
-
(5,250)
-
(47,320)
-
(579,827)
18,551
-
18,551

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 reserves equal to the value of the property in order to protect these funds from general use and provide clarity over general funds available.

continued...

Page 19

The Peaceful Place Ltd

Notes to the Financial Statements - continued for the Year Ended 31 March 2022

16. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2022.

Page 20

The Peaceful Place Ltd

Detailed Statement of Financial Activities for the Year Ended 31 March 2022

31.3.22 31.3.21
£ £
INCOME AND ENDOWMENTS
Donations and legacies
Gifts and donations 7,441 4,387
Grants 3,000 11,340
10,441 15,727
Other trading activities
Shop income 56,588 15,424
Charitable activities
Day centre fees 253,969 157,049
Grants 29,146 26,210
283,115 183,259
Other income
Other Income 666 33,158
Total incoming resources 350,810 247,568
EXPENDITURE
Raising donations and legacies
Wages - 6,527
Social security - 396
Pensions - 118
Fundraising expenses 151 176
151 7,217
Other trading activities
Rent 4,350 3,770
Cleaning materials 30 36
Telephone and internet 336 615
Printing and postage 268 149
Repairs and renewals 235 1,987
Insurance 90 99
Light and heat 796 309
Waste disposal 509 693
Water and rates 925 142
Direct costs 285 794
Travel & Training 36 -
Volunteer Gifts - 500
7,860 9,094
Charitable activities
Wages 156,831 160,901
Carried forward 156,831 160,901

This page does not form part of the statutory financial statements

Page 21

The Peaceful Place Ltd

Detailed Statement of Financial Activities
for the Year Ended 31 March 2022
31.3.22 31.3.21
£ £
Charitable activities
Brought forward 156,831 160,901
Social security 8,517 8,249
Pensions 2,791 2,270
Insurance 1,690 1,131
Light and heat 4,713 3,295
Telephone 3,788 2,895
Postage and stationery 1,610 1,138
Activity equipment & materials 16,446 940
Catering 13,954 3,067
Cleaning & medical supplies 8,149 2,406
IT software & consumables 2,417 3,771
Maintenance and ground repairs 8,858 1,138
Advertising & marketing 2,295 421
Funeral/Flower costs 361 -
Plant repairs & maintenance 550 1,385
Professional Fees 291 792
Subscriptions and licences 977 480
Protective clothing & uniform 245 2,069
Training & Travel 926 2,192
Vehicle expenses 18,417 5,986
Waste disposal 2,821 1,572
Staff entertaining 480 270
Bookkeeping 3,730 3,694
Project Costs - 9,360
HR & risk assessment 6,140 6,210
Health & Safety costs 3,249 -
Plant and machinery 514 -
Fixtures and fittings 16,052 15,529
Motor vehicles 10,657 9,487
Computer equipment 296 257
297,765 250,905
Support costs
Finance
Bank charges 1,305 850
Governance costs
Auditors' remuneration for non audit work 2,340 2,340
Total resources expended 309,421 270,406
Net income/(expenditure) 41,389 (22,838)

This page does not form part of the statutory financial statements

Page 22