**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 2023**
**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 2023**
|||**Page**||
|---|---|---|---|
|**Report of the Trustees**|1|to|3|
|**Independent Examiner's Report**||4||
|**Statement of Financial Activities**||5||
|**Balance Sheet**|6|to|7|
|**Cash Flow Statement**||8||
|**Notes to the Cash Flow Statement**||9||
|**Notes to the Financial Statements**|10|to|18|
|**Detailed Statement of Financial Activities**|19|to|20|
**The Peaceful Place Ltd**
## **Report of the Trustees for the Year Ended 31 March 2023**
The Trustees present their report along with financial statements of the charity for the year ended 31 March 2023. The financial statements have been prepared in accordance with the accounting policies set out on page 10 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.
The Charity uniquely provides activities and support to individuals diagnosed with early onset dementia at working age/young onset dementia. Post covid lockdowns we were faced with an increasing unmet need of those in early-stage dementia, who are older and preferring a service approach that provides physical activities in the community to live well. We responded to this need, as an interim intervention, but the need remains, and we are continuing to engage this group.
Our aim is to slow down the progression of dementia through cognitive stimulation, physical activities, and therapeutic support. We recognise our members as experts by experience, engaging them in activities that enhance abilities, skills and talents and seek opportunities of partnerships with external services to provide a variety of activities leading to opportunities of choice.
Our referrals are primarily through Adult Social Care from Southend, Thurrock, and Essex with other referrals from Dementia Crisis teams plus private referrals. We encourage and facilitate opportunities of peer support, creating strong supportive friendships thus reducing isolation and loneliness and creating a more active community of individuals living well with a diagnosis of dementia.
The 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 who also meet quarterly.
## **Significant activities**
We recognise the strength in partnership approach to meeting the various needs and desires of our members.
Partnerships: Peaceful Place values the various partnerships in delivering meaningful and purposeful activities. We have weekly sessions with Suffolk Music Therapy, Therapy in Musical Expression (T.I.M.E), Monica Samuels Coach, Occupational Therapist and Yoga Teacher. Our external community partners are Sports for Confidence, who provide sensory swimming, strength and balance, Love to Move, multi sports, Boccia, and table tennis at our local leisure centres daily. - Hashtag United FC delivering weekly training to our Peaceful United walking football team. We extend a thank you to our partner agencies and extend this to The Barstable Social club offering free facilities to deliver weekly sporting activities and yoga sessions.
Family support: Assistance is given to families where needed in supporting individuals living with dementia. We support them with engagement of adult social care and dementia crisis teams. We have peer support groups running.
Page 1
**The Peaceful Place Ltd**
## **Report of the Trustees for the Year Ended 31 March 2023**
## **OBJECTIVES AND ACTIVITIES**
## **Public benefit**
The Trustees and CEO continuously consider their responsibilities for ensuring that the charity is a benefit to the public and are satisfied they meet this requirement. We listen to our members and adapt activities to ensure they feel included in community activities and not isolated. We provide opportunities for volunteering and student placement.
Charity Shop: The Charity Shop continues to be a valuable support with 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**
- Obtained Thrive funding from Essex Community Foundation to purchase and implement a database with the ambition to reduce the amount of paper used within the service.
- Intergenerational Project with Kool carers, facilitated by Sinfonia Viva orchestra led to a performance on stage at our local park.
- Our family sport day was an opportunity for family carers to observe our members playing walking football.
- We are keen to continue our role as influencers of change by providing student placements to a total of 10 students, social workers x3 and Mental health nurses x 4 and Health and social care students x 3, all successfully completing their placement at Peaceful Place.
## **FINANCIAL REVIEW**
## **Principal funding sources**
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 donations, charitable trust and income from the Charity shop.
## **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.
## **FUTURE PLANS**
The Charity is committed to continuing and expanding its offerings for the benefit of those living with early onset and dementia, and their family carers, by further developing relationships with Inhouse and Community Partners.
In the longer term, the Charity would like to expand into a second day activities centre and to open a second Charity Shop. The Trustees, and CEO, are working on a strategy to achieve this within the next 5 years.
Peaceful Place is currently unable to meet the demand for places at the Day Centre for those with Young Onset Dementia/Early diagnosis of Dementia with referrals coming from a wider catchment area that is inaccessible geographically from our current service. Trustees have allocated £200,000 from reserves, as a contribution to the purchase of the second premises to replicate the service offered by Peaceful Place in Basildon. This premises will be in another part of Essex to expand the geographical catchment to parts of Essex not currently serviced. Trustees are actively searching for an appropriate premises
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
The Trustees have reviewed the risk associated with Coronavirus or similar unexpected closures 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.
## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number**
05618159 (England and Wales)
Page 2
**The Peaceful Place Ltd**
## **Report of the Trustees for the Year Ended 31 March 2023**
## **Registered Charity number**
1127072
## **Registered office**
261 Timberlog Lane Basildon Essex SS14 1PA
## **Trustees**
Mrs A Davenport Chairperson Mrs S Hillier Mr G Baker Trustee Mr W J Gould Trustee
## **Company Secretary**
Butlers Financial Limited
## **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 21 November 2023 and signed on its behalf by:
Mrs A Davenport - Trustee
Page 3
## **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 2023.
## **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 member of the Institute of Chartered Accountants in England and Wales, 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
Butlers Chartered Accountants Suite 6 Burley House 15 High Street Rayleigh Essex SS6 7EW
21 November 2023
Page 4
## **The Peaceful Place Ltd**
## **Statement of Financial Activities for the Year Ended 31 March 2023**
|Notes
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
2
**Charitable activities**
5
Core dementia services
Other trading activities
3
Investment income
4
Other income
**Total**
**EXPENDITURE ON**
Raising funds
6
**Charitable activities**
7
Core dementia services
**Total**
**NET INCOME**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**|Unrestricted
funds
£
21,211
375,240
74,104
426
6,508
477,489
10,600
375,182
385,782
91,707
1,442,165
1,533,872|Restricted
funds
£
-
18,250
-
-
-
18,250
-
18,250
18,250
-
-
-|31.3.23
Total
funds
£
21,211
393,490
74,104
426
6,508
495,739
10,600
393,432
404,032
91,707
1,442,165
1,533,872|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|
The notes form part of these financial statements
Page 5
## **The Peaceful Place Ltd**
## **Balance Sheet 31 March 2023**
|Notes
**FIXED ASSETS**
Tangible assets
13
**CURRENT ASSETS**
Debtors
14
Cash at bank and in hand
**CREDITORS**
Amounts falling due within one year
15
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**NET ASSETS**
**FUNDS**
16
Unrestricted funds:
General fund
Designated - Timberlog Lane Centre
Redundancy reserve fund
Emergency Contingency Fund
Designated - Second Building Fund
**TOTAL FUNDS**|Unrestricted
funds
£
1,000,427
41,037
507,376
548,413
(14,968)
533,445
1,533,872
1,533,872|Restricted
funds
£
-
-
-
-
-
-
-
-|31.3.23
Total
funds
£
1,000,427
41,037
507,376
548,413
(14,968)
533,445
1,533,872
1,533,872
237,694
936,178
60,000
100,000
200,000
1,533,872
1,533,872|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|
|---|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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
Page 6
continued...
**The Peaceful Place Ltd**
## **Balance Sheet - continued 31 March 2023**
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 21 November 2023 and were signed on its behalf by:
Mrs A Davenport - Trustee
The notes form part of these financial statements
Page 7
## **The Peaceful Place Ltd**
## **Cash Flow Statement for the Year Ended 31 March 2023**
|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
Sale of tangible fixed assets
Interest received
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**|31.3.23
£
92,282
92,282
(28,116)
14,750
426
(12,940)
79,342
428,034
507,376|31.3.22
£
57,553
57,553
(27,837)
-
-
(27,837)
29,716
398,318
428,034|
|---|---|---|
The notes form part of these financial statements
Page 8
**The Peaceful Place Ltd**
## **Notes to the Cash Flow Statement for the Year Ended 31 March 2023**
## **1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES**
|**Net income for the reporting period (as per the Statement of Financial**
**Activities)**
**Adjustments for:**
Depreciation charges
Profit on disposal of fixed assets
Interest received
Increase in debtors
Increase/(decrease) in creditors
**Net cash provided by operations**|31.3.23
£
91,707
14,509
(6,500)
(426)
(12,933)
5,925
92,282|31.3.22
£
41,389
27,519
-
-
(5,823)
(5,532)|
|---|---|---|
|||57,553|
## **2.**
## **ANALYSIS OF CHANGES IN NET FUNDS**
||At 1.4.22|Cash flow|At 31.3.23|
|---|---|---|---|
||£|£|£|
|**Net cash**||||
|Cash at bank and in hand|428,034|79,342|507,376|
||428,034|79,342|507,376|
|**Total**|428,034|79,342|507,376|
The notes form part of these financial statements
Page 9
**The Peaceful Place Ltd**
## **Notes to the Financial Statements for the Year Ended 31 March 2023**
## **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 - 20% on reducing balance 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 10
**The Peaceful Place Ltd**
## **Notes to the Financial Statements - continued for the Year Ended 31 March 2023**
|**2.**
**DONATIONS AND LEGACIES**
Gifts and donations
Grants
Grants received, included in the above, are as follows:
Fowler Smith and Jones Trust
RS Browless Charitable Trust
**3.**
**OTHER TRADING ACTIVITIES**
Shop income
**4.**
**INVESTMENT INCOME**
Deposit account interest
**5.**
**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
Essex County Council
National Lottery
Kool Kids Foundation
Albert Jones Trust|31.3.23
£
21,011
200
21,211
31.3.23
£
-
200
200
31.3.23
£
74,104
31.3.23
£
426
31.3.23
£
375,240
18,250
393,490
31.3.23
£
7,200
-
-
1,050
10,000
18,250|31.3.22
£
7,441
3,000
10,441
31.3.22
£
3,000
-
3,000
31.3.22
£
56,588
31.3.22
£
-
31.3.22
£
253,969
29,146|31.3.22
£
7,441
3,000
10,441
31.3.22
£
3,000
-
3,000
31.3.22
£
56,588
31.3.22
£
-
31.3.22
£
253,969
29,146|
|---|---|---|---|
|||283,115||
|||31.3.22
£
5,180
14,166
9,800
-
-
29,146||
||||29,146|
continued...
Page 11
**The Peaceful Place Ltd**
## **Notes to the Financial Statements - continued for the Year Ended 31 March 2023**
## **6. RAISING FUNDS**
|**Raising donations and legacies**
Fundraising expenses
**Other trading activities**
Rent
Cleaning materials
Telephone and internet
Printing and postage
Repairs and renewals
Insurance
Light and heat
Waste disposal
Water and rates
Direct costs
Travel & Training
Volunteer Gifts
Aggregate amounts
**7.**
**CHARITABLE ACTIVITIES COSTS**
Core dementia services
**8.**
**SUPPORT COSTS**
Core dementia services|31.3.23
£
439
31.3.23
£
4,350
92
540
527
196
100
962
1,674
906
651
-
163
10,161
10,600
Support
Direct
costs (see
Costs
note 8)
£
£
388,608
4,824
Governance
Finance
costs
£
£
1,944
2,880|31.3.22
£
151
31.3.22
£
4,350
30
336
268
235
90
796
509
925
285
36
-
7,860
8,011
Totals
£
393,432|
|---|---|---|
|||Totals
£
4,824|
continued...
Page 12
**The Peaceful Place Ltd**
## **Notes to the Financial Statements - continued for the Year Ended 31 March 2023**
## **9. NET INCOME/(EXPENDITURE)**
Net income/(expenditure) is stated after charging/(crediting):
||31.3.23|31.3.22|
|---|---|---|
||£|£|
|Other non-audit services|2,880|2,340|
|Depreciation - owned assets|14,510|27,519|
|Other operating leases|4,350|4,350|
|Surplus on disposal of fixed assets|(6,500)|-|
## **10. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 March 2023 nor for the year ended 31 March 2022.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 March 2023 nor for the year ended 31 March 2022.
## **11. STAFF COSTS**
|Wages and salaries
Social security costs
Other pension costs
The average monthly number of employees during the year was as follows:
Operational
No employees received emoluments in excess of £60,000.
**12.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
Unrestricted
funds
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
10,441
**Charitable activities**
Core dementia services
262,005
Other trading activities
56,588
Other income
666
**Total**
329,700
**EXPENDITURE ON**
Raising funds
8,011|||31.3.23
£
214,406
11,480
3,806
229,692
31.3.23
8
Restricted
funds
£
-
21,110
-
-
21,110
-|||31.3.22
£
156,831
8,517
2,791
168,139
31.3.22
6
Total
funds
£
10,441
283,115
56,588
666|
|---|---|---|---|---|---|---|
||||||||
||||||||
|||||||350,810|
|||||||8,011|
continued...
Page 13
**The Peaceful Place Ltd**
## **Notes to the Financial Statements - continued for the Year Ended 31 March 2023**
|**12.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL**
**Charitable activities**
Core dementia services
**Total**
**NET INCOME**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**
**13.**
**TANGIBLE FIXED ASSETS**
**COST**
At 1 April 2022
Additions
Disposals
At 31 March 2023
**DEPRECIATION**
At 1 April 2022
Charge for year
Eliminated on disposal
At 31 March 2023
**NET BOOK VALUE**
At 31 March 2023
At 31 March 2022|**12.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL**
**Charitable activities**
Core dementia services
**Total**
**NET INCOME**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**
**13.**
**TANGIBLE FIXED ASSETS**
**COST**
At 1 April 2022
Additions
Disposals
At 31 March 2023
**DEPRECIATION**
At 1 April 2022
Charge for year
Eliminated on disposal
At 31 March 2023
**NET BOOK VALUE**
At 31 March 2023
At 31 March 2022|**ACTIVITIES**
Unrestricted
funds
£
280,300
288,311
41,389
1,400,776
1,442,165
Freehold
property
£
936,178
-
-
936,178
-
-
-
-
936,178
936,178|**-**|**continued**
Restricted
funds
£
21,110
21,110
-
-
-
Plant and
machinery
£
2,055
547
-
2,602
561
514
-
1,075
1,527
1,494||Total
funds
£
301,410|
|---|---|---|---|---|---|---|
|||||||309,421|
|||||||41,389
1,400,776|
|||||||1,442,165|
|||||||Fixtures
and
fittings
£
77,033
3,569
-
80,602
69,907
2,962
-
72,869
7,733
7,126|
||||||||
||||||||
||||||||
||||||||
||||||||
continued...
Page 14
**The Peaceful Place Ltd**
## **Notes to the Financial Statements - continued for the Year Ended 31 March 2023**
## **13. TANGIBLE FIXED ASSETS - continued**
|Motor
vehicles
£
**COST**
At 1 April 2022
110,256
Additions
24,000
Disposals
(22,000)
At 31 March 2023
112,256
**DEPRECIATION**
At 1 April 2022
60,189
Charge for year
10,907
Eliminated on disposal
(13,750)
At 31 March 2023
57,346
**NET BOOK VALUE**
At 31 March 2023
54,910
At 31 March 2022
50,067
**14.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Trade debtors
Prepayments and accrued income
**15.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Trade creditors
Social security and other taxes
Accruals and deferred income
**16.**
**MOVEMENT IN FUNDS**
Net
movement
At 1.4.22
in funds
£
£
**Unrestricted funds**
General fund
365,987
91,707
Designated - Timberlog Lane Centre
936,178
-
Redundancy reserve fund
40,000
-
Emergency Contingency Fund
100,000
-
Designated - Second Building Fund
-
-
1,442,165
91,707
**TOTAL FUNDS**
1,442,165
91,707|Computer
equipment
£
1,185
-
-
1,185
979
127
-
1,106
79
206
31.3.23
£
13,024
28,013
41,037
31.3.23
£
5,652
4,454
4,862
14,968
Transfers
between
funds
£
(220,000)
-
20,000
-
200,000
-
-|Totals
£
1,126,707
28,116
(22,000)
1,132,823
131,636
14,510
(13,750)
132,396
1,000,427
995,071
31.3.22
£
4,550
23,554
28,104
31.3.22
£
3,236
2,963
2,845
9,044
At
31.3.23
£
237,694
936,178
60,000
100,000
200,000
1,533,872
1,533,872|
|---|---|---|
Page 15
continued...
**The Peaceful Place Ltd**
## **Notes to the Financial Statements - continued for the Year Ended 31 March 2023**
## **16. MOVEMENT IN FUNDS - continued**
Net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**Restricted funds**
Essex Community Foundation
Kool Kids Foundation
Albert Jones Trust
**TOTAL FUNDS**|Incoming
resources
£
477,489
7,200
1,050
10,000
18,250
495,739|Resources
Movement
expended
in funds
£
£
(385,782)
91,707
(7,200)
-
(1,050)
-
(10,000)
-
(18,250)
-
(404,032)
91,707|Resources
Movement
expended
in funds
£
£
(385,782)
91,707
(7,200)
-
(1,050)
-
(10,000)
-
(18,250)
-
(404,032)
91,707|
|---|---|---|---|
||||-|
||||91,707|
## **Comparatives for movement in funds**
|**Unrestricted funds**
General fund
Designated - Timberlog Lane Centre
Redundancy reserve fund
Emergency Contingency Fund
**TOTAL FUNDS**|At 1.4.21
£
324,598
936,178
40,000
100,000
1,400,776
1,400,776|Net
movement
in funds
£
41,389
-
-
-
41,389
41,389|At
31.3.22
£
365,987
936,178
40,000
100,000|
|---|---|---|---|
||||1,442,165|
||||1,442,165|
Comparative 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**|Incoming
resources
£
329,700
5,180
10,680
5,250
21,110
350,810|Resources
Movement
expended
in funds
£
£
(288,311)
41,389
(5,180)
-
(10,680)
-
(5,250)
-
(21,110)
-
(309,421)
41,389|Resources
Movement
expended
in funds
£
£
(288,311)
41,389
(5,180)
-
(10,680)
-
(5,250)
-
(21,110)
-
(309,421)
41,389|
|---|---|---|---|
||||-|
||||41,389|
Page 16
continued...
**The Peaceful Place Ltd**
## **Notes to the Financial Statements - continued for the Year Ended 31 March 2023**
## **16. 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
Emergency Contingency Fund
Designated - Second Building Fund
**TOTAL FUNDS**|At 1.4.21
£
324,598
936,178
40,000
100,000
-
1,400,776
1,400,776|Net
movement
in funds
£
133,096
-
-
-
-
133,096
133,096|Transfers
between
funds
£
(220,000)
-
20,000
-
200,000
-
-|At
31.3.23
£
237,694
936,178
60,000
100,000
200,000|
|---|---|---|---|---|
|||||1,533,872|
|||||1,533,872|
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**
Essex Community Foundation
Thriving Sector
Sports Project
Drivers/Buddies Fund
Kool Kids Foundation
Albert Jones Trust
**TOTAL FUNDS**|Incoming
resources
£
807,189
7,200
5,180
10,680
5,250
1,050
10,000
39,360
846,549|Resources
Movement
expended
in funds
£
£
(674,093)
133,096
(7,200)
-
(5,180)
-
(10,680)
-
(5,250)
-
(1,050)
-
(10,000)
-
(39,360)
-
(713,453)
133,096|Resources
Movement
expended
in funds
£
£
(674,093)
133,096
(7,200)
-
(5,180)
-
(10,680)
-
(5,250)
-
(1,050)
-
(10,000)
-
(39,360)
-
(713,453)
133,096|
|---|---|---|---|
||||-|
||||133,096|
## **The following funds are held by the charity:**
## 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.
Building Reserve: This fund holds reserves designated to be towards the purchase of a second building in another part of Essex.
Emergency Contingency Reserve: This fund holds funds as contingency towards any future emergency situation such as seen in the COVID19 outbreak in 2020. To ensure the continuation of the charity in times of uncertainty.
continued...
Page 17
**The Peaceful Place Ltd**
## **Notes to the Financial Statements - continued for the Year Ended 31 March 2023**
## **16. MOVEMENT IN FUNDS - continued**
## **Transfer between funds:**
The only transfers between funds in the year were in order to designate funds from general funds to designated funds after the Trustees considered future requirements and strategy.
## **17. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 March 2023.
Page 18
**The Peaceful Place Ltd**
## **Detailed Statement of Financial Activities for the Year Ended 31 March 2023**
||31.3.23|31.3.22|
|---|---|---|
||£|£|
|**INCOME AND ENDOWMENTS**|||
|**Donations and legacies**|||
|Gifts and donations|21,011|7,441|
|Grants|200|3,000|
||21,211|10,441|
|**Other trading activities**|||
|Shop income|74,104|56,588|
|**Investment income**|||
|Deposit account interest|426|-|
|**Charitable activities**|||
|Day centre fees|375,240|253,969|
|Grants|18,250|29,146|
||393,490|283,115|
|**Other income**|||
|Other Income|6,508|666|
|**Total incoming resources**|495,739|350,810|
|**EXPENDITURE**|||
|**Raising donations and legacies**|||
|Fundraising expenses|439|151|
|**Other trading activities**|||
|Rent|4,350|4,350|
|Cleaning materials|92|30|
|Telephone and internet|540|336|
|Printing and postage|527|268|
|Repairs and renewals|196|235|
|Insurance|100|90|
|Light and heat|962|796|
|Waste disposal|1,674|509|
|Water and rates|906|925|
|Direct costs|651|285|
|Travel & Training|-|36|
|Volunteer Gifts|163|-|
||10,161|7,860|
|**Charitable activities**|||
|Wages|214,406|156,831|
|Social security|11,480|8,517|
|Carried forward|225,886|165,348|
This page does not form part of the statutory financial statements
Page 19
## **The Peaceful Place Ltd**
|**Detailed Statement of Financial Activities**|||
|---|---|---|
|**for the Year Ended 31 March 2023**|||
||31.3.23|31.3.22|
||£|£|
|**Charitable activities**|||
|Brought forward|225,886|165,348|
|Pensions|3,806|2,791|
|Insurance|1,532|1,690|
|Light and heat|5,924|4,713|
|Telephone|3,123|3,788|
|Postage and stationery|3,443|1,610|
|Activity equipment & materials|34,460|16,446|
|Catering|21,775|13,954|
|Cleaning & medical supplies|12,142|8,149|
|IT software & consumables|9,409|2,417|
|Maintenance and ground repairs|4,660|8,858|
|Advertising & marketing|2,806|2,295|
|Funeral/Flower costs|63|361|
|Plant repairs & maintenance|3,711|550|
|Professional Fees|3,386|291|
|Subscriptions and licences|1,642|977|
|Protective clothing & uniform|-|245|
|Training & Travel|425|926|
|Vehicle expenses|31,370|18,417|
|Waste disposal|1,916|2,821|
|Staff entertaining|271|480|
|Bookkeeping|3,658|3,730|
|HR & risk assessment|4,283|6,140|
|Health & Safety costs|908|3,249|
|Plant and machinery|514|514|
|Fixtures and fittings|2,961|16,052|
|Motor vehicles|10,907|10,657|
|Computer equipment|127|296|
|Loss on sale of tangible fixed assets|(6,500)|-|
||388,608|297,765|
|**Support costs**|||
|**Finance**|||
|Bank charges|1,944|1,305|
|**Governance costs**|||
|Auditors' remuneration for non audit work|2,880|2,340|
|Total resources expended|404,032|309,421|
|**Net income**|91,707|41,389|
This page does not form part of the statutory financial statements
Page 20