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 2024
for
The Peaceful Place Ltd
Butlers Chartered Accountants 1434 London Road Leigh on Sea Essex SS9 2UL
The Peaceful Place Ltd
Contents of the Financial Statements for the Year Ended 31 March 2024
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 5 |
| Independent Examiner's Report | 6 | ||
| Statement of Financial Activities | 7 | ||
| Balance Sheet | 8 | to | 9 |
| Cash Flow Statement | 10 | ||
| Notes to the Cash Flow Statement | 11 | ||
| Notes to the Financial Statements | 12 | to | 21 |
| Detailed Statement of Financial Activities | 22 | to | 23 |
The Peaceful Place Ltd
Report of the Trustees for the Year Ended 31 March 2024
The Trustees present their report along with financial statements of the charity for the year ended 31 March 2024. 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
Peaceful Place Limited was incorporated as a company limited by guarantee on 10 November 2005. It operates under its Memorandum of Association, setting out the Charity's objectives, and its Articles of Association, updated and approved by the Charity Commission and Companies House in 2024.
The Charity's primary aim is to empower individuals diagnosed with dementia, including young-onset dementia, to live fulfilling lives by reducing isolation and providing cognitive stimulation, peer support, and physical activities.
Addressing New and Emerging Needs: The Charity has seen an increase in referrals for older, retired individuals in the early stages of dementia who wish to engage in activities aligned with their talents, skills, and interests. To address this growing demand, Peaceful Place has updated its governing documents, ensuring the organisation can expand its services while maintaining its foc us on early-onset dementia.
Service Delivery and Referrals: Our referrals are primarily through Adult Social Care from Southend, Thurrock, and Essex, with additional referrals from Dementia Crisis teams and private sources. The Charity encourages and facilitates opportunities for peer support, fostering strong and supportive friendships that reduce isolation and loneliness while creating a more active communit y of individuals living well with dementia.
Public benefit
Trustees and CEO continuously consider their responsibilities to ensure the Charity delivers measurable public benefit. The Charity actively listens to members and adapts activities to include them in community life, reducing isolation. Opportunities for volunteering and student placements further extend the Charity's positive impact on the community.
Page 1
The Peaceful Place Ltd
Report of the Trustees for the Year Ended 31 March 2024
ACHIEVEMENT AND PERFORMANCE Charitable Activities
1. Growth in Service Demand
Day centre fee income increased from £375,240 in 2022/23 to £493,025 in 2023/24, reflecting the growing need for Peaceful Place's services.
2. Enhanced Activities and Partnerships
Collaborations with partners such as Sports for Confidence, Hashtag United FC, and Feel-Good Fitness Gym enriches members' experiences, offering activities like walking football, sensory swimming, yoga, and strength and balance training.
A music project with Sinfonia Viva Orchestra culminated in a public intergenerational performance, showcasing the talents of our members.
3. Transportation Services
Peaceful Place operates a fleet of four buses, to transport members to and from the centre and community activities.
The Charity is grateful for the awarded grant from the National Lottery Community Fund to acquire two electric minibuses in the next financial year, alongside three years of associated driver costs. This initiative will support sustainable transportation and reduce our environmental impact.
4. Family Engagement
Events such as the Family Sports Day strengthened connections between members and carers, showcasing achievements in walking football and other activities.
5. Operational Excellence
Maintained a 5-Star Food Hygiene Rating, demonstrating excellence in food preparation and safety. Conducted regular health and safety audits and mandatory training for staff and volunteers to ensure compliance and professionalism.
Thanks to Staff and Volunteers
The Trustees extend their heartfelt gratitude to the dedicated staff and volunteers of Peaceful Place. Their commitment underpins the Charity's ability to deliver its mission and positively impact the lives of members and their families:
Staff: Our skilled team ensures smooth operations, high-quality care, and meaningful activities, continually enhancing their skills through mandatory training.
Volunteers: Volunteers play an integral role across the day centre, Charity Shop, and community activities, significantly contributing to the Charity's success and sustainability.
The Trustees deeply appreciate their efforts and dedication to Peaceful Place's mission.
Page 2
The Peaceful Place Ltd
Report of the Trustees for the Year Ended 31 March 2024
FINANCIAL REVIEW Financial position Key Financial Summary:
Total Income: £696,570 (up from £495,739 in 2022/23). Total Expenditure: £568,954 (up from £404,032 in 2022/23).
Net Income: £127,616, reflecting a positive financial position that supports the Charity's future plans. Total Funds Carried Forward: £1,661,488 (up from £1,533,872 in 2022/23).
Explanation of Total Funds Carried Forward:
The total funds carried forward include the value of the Charity's freehold property, Timberlog Lane Centre, assessed at £936,178.
Principal funding sources
The Charity's primary funding sources include day centre fees, private contributions, grants, and income from the Charity Shop.
Key income highlights for the financial year include:
Day Centre Fees: £493,025 (up from £375,240 in 2022/23), reflecting the increased demand for our services.
Grants: £88,438 (up from £18,250 in 2022/23), including:
National Lottery Community Fund (NLCF) - Main Grants: £36,793, representing the first payment of a multi-year grant, supporting transport costs and purchase of Electric buses.
People's Postcode Lottery Fund: £24,474.
Active Essex Places and Spaces Fund: £7,981.
NLCF - Awards for All - £19,190
Shop Income: £72,671, a consistent source of unrestricted income that supports the Charity's sustainability.
Expenditure Highlights:
Core Dementia Services: £556,323, reflecting the investment in delivering high-quality activities, transportation, meals, and staff training to support our members.
Raising Funds: £12,631, covering the cost of fundraising activities and maintaining the Charity Shop.
Reserves policy
The Trustees have a clear reserves policy to ensure financial stability and safeguard the Charity against unexpected disruptions. Free reserves are maintained at a level equivalent to six months of operating costs.
Page 3
The Peaceful Place Ltd
Report of the Trustees for the Year Ended 31 March 2024
FUTURE PLANS
1. Supporting Family Carers
Peaceful Place is committed to developing a dedicated project for family carers, providing workshops, peer support, and practical resources. Securing funding for this initiative is a key priority.
2. Service Expansion
Plans to establish a second day centre are under consideration to meet growing demand and extend services to underserved areas. A designated reserve of £215,000 has been allocated for this purpose.
3. Charity Shop Development
The Trustees aim to open a second Charity Shop, enhancing income streams and community engagement.
4. Community Advocacy
Peaceful Place will continue to challenge stereotypes about dementia, showcasing members' talents through creative projects, performances, and public activities.
5. Equality, Diversity, and Inclusion
Peaceful Place is committed to promoting equality, diversity, and inclusion across all aspects of its work. The Charity has identified a lack of referrals from within Black, Asian, and Minority Ethnic (BAME) communities and recognises the importance of addressing this gap. As part of its plans, Peaceful Place is actively focusing on raising awareness of its services within these communities by engaging with community leaders and key stakeholders.
This initiative aims to ensure that individuals living with dementia from all backgrounds are aware of and have access to the support and opportunities provided by Peaceful Place. By addressing this underrepresentation, the Charity reaffirms its dedication to inclusivity and equitable service provision for all members of the community.
6. Sustainability Goals
The acquisition of electric minibuses, supported by the National Lottery Community Fund, will reduce the Charity's environmental impact and support sustainable operations.
7. Quality Standards
Peaceful Place is actively working towards achieving the Charity Excellence Framework (CEF) Quality Mark, reflecting its commitment to governance, strategy, and operational excellence.
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)
Registered Charity number
1127072
Registered office
261 Timberlog Lane Basildon Essex SS14 1PA
Page 4
The Peaceful Place Ltd
Report of the Trustees for the Year Ended 31 March 2024
Trustees
Mrs A Davenport Chairperson Mrs S Hillier Mr G Baker Trustee (resigned 18.7.2024) Mr W J Gould Treasurer Mrs H Cormack Jones (appointed 18.7.2024) Mrs A Evans (appointed 18.7.2024)
Company Secretary
Butlers Financial Limited
Independent Examiner
Butlers Chartered Accountants 1434 London Road Leigh on Sea Essex SS9 2UL
Sustainability Goals
The acquisition of electric minibuses, supported by the National Lottery Community Fund, will reduce the Charity's environmental impact and support sustainable operations.
Quality Standards
Peaceful Place is actively working towards achieving the Charity Excellence Framework (CEF) Quality Mark, reflecting its commitment to governance, strategy, and operational excellence.
Conclusion
Peaceful Place continues to make significant strides in supporting individuals living with dementia and their families. With a focus on service expansion, environmental sustainability, and operational excellence, the Charity is well-positioned to meet future challenges and opportunities.
Approved by order of the board of trustees on 9 December 2024 and signed on its behalf by:
Mrs A Davenport - Trustee
Page 5
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 2024.
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:
-
accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
-
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
-
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 FCA
Butlers Chartered Accountants 1434 London Road Leigh on Sea Essex SS9 2UL
9 December 2024
Page 6
The Peaceful Place Ltd
Statement of Financial Activities for the Year Ended 31 March 2024
| 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 £ 35,505 493,025 72,671 6,767 164 608,132 15,256 539,798 555,054 53,078 1,533,872 1,586,950 |
Restricted funds £ - 88,438 - - - 88,438 - 13,900 13,900 74,538 - 74,538 |
31.3.24 Total funds £ 35,505 581,463 72,671 6,767 164 696,570 15,256 553,698 568,954 127,616 1,533,872 1,661,488 |
31.3.23 Total funds £ 31,211 383,490 74,104 426 6,508 |
|---|---|---|---|---|
| 495,739 | ||||
| 12,499 391,533 |
||||
| 404,032 | ||||
| 91,707 1,442,165 |
||||
| 1,533,872 |
The notes form part of these financial statements
Page 7
The Peaceful Place Ltd
Balance Sheet 31 March 2024
| 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 Designated - Redundancy reserve fund Designated - Emergency Contingency Fund Designated - Second Building Fund Designated - Shop Contingency Fund Designated - Sports Studio Restricted funds TOTAL FUNDS |
Unrestricted funds £ 989,616 44,513 572,342 616,855 (19,521) 597,334 1,586,950 1,586,950 |
Restricted funds £ - - 74,538 74,538 - 74,538 74,538 74,538 |
31.3.24 Total funds £ 989,616 44,513 646,880 691,393 (19,521) 671,872 1,661,488 1,661,488 190,772 936,178 60,000 100,000 215,000 50,000 35,000 1,586,950 74,538 1,661,488 |
31.3.23 Total funds £ 1,000,427 41,037 507,375 548,412 (14,967) 533,445 1,533,872 1,533,872 237,694 936,178 60,000 100,000 200,000 - - 1,533,872 - 1,533,872 |
|---|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 8
The Peaceful Place Ltd
Balance Sheet - continued 31 March 2024
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 9 December 2024 and were signed on its behalf by:
Mr W J Gould - Trustee
The notes form part of these financial statements
Page 9
The Peaceful Place Ltd
Cash Flow Statement for the Year Ended 31 March 2024
| 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 provided by/(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 |
31.3.24 £ 138,742 138,742 (6,004) - 6,767 763 139,505 507,375 646,880 |
31.3.23 £ 92,280 92,280 (28,116) 14,750 426 (12,940) 79,340 428,035 507,375 |
|---|---|---|
The notes form part of these financial statements
Page 10
The Peaceful Place Ltd
Notes to the Cash Flow Statement for the Year Ended 31 March 2024
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 Rounding adjustment Increase in debtors Increase in creditors Net cash provided by operations |
31.3.24 £ 127,616 16,816 - (6,767) (1) (3,476) 4,554 138,742 |
31.3.23 £ 91,707 14,509 (6,500) (426) - (12,933) 5,923 |
|---|---|---|
| 92,280 |
2.
ANALYSIS OF CHANGES IN NET FUNDS
| At 1.4.23 | Cash flow | At 31.3.24 | |
|---|---|---|---|
| £ | £ | £ | |
| Net cash | |||
| Cash at bank and in hand | 507,375 | 139,505 | 646,880 |
| 507,375 | 139,505 | 646,880 | |
| Total | 507,375 | 139,505 | 646,880 |
The notes form part of these financial statements
Page 11
The Peaceful Place Ltd
Notes to the Financial Statements for the Year Ended 31 March 2024
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 12
The Peaceful Place Ltd
Notes to the Financial Statements - continued for the Year Ended 31 March 2024
DONATIONS AND LEGACIES
| 2. DONATIONS AND LEGACIES Gifts and donations Grants Grants received, included in the above, are as follows: Albert 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 Kool Kids Foundation Peoples Postcode Lottery Fund National Lottery Fund - Awards for all scheme National Lottery Fund - Main Grants Active Essex Places and Spaces |
31.3.24 £ 25,505 10,000 35,505 31.3.24 £ 10,000 - 10,000 31.3.24 £ 72,671 31.3.24 £ 6,767 31.3.24 £ 493,025 88,438 581,463 31.3.24 £ - - 24,474 19,190 36,793 7,981 88,438 |
31.3.23 £ 21,011 10,200 31,211 31.3.23 £ 10,000 200 10,200 31.3.23 £ 74,104 31.3.23 £ 426 31.3.23 £ 375,240 8,250 |
31.3.23 £ 21,011 10,200 31,211 31.3.23 £ 10,000 200 10,200 31.3.23 £ 74,104 31.3.23 £ 426 31.3.23 £ 375,240 8,250 |
|---|---|---|---|
| 383,490 | |||
| 31.3.23 £ 7,200 1,050 - - - - 8,250 |
|||
| 8,250 |
continued...
Page 13
The Peaceful Place Ltd
Notes to the Financial Statements - continued for the Year Ended 31 March 2024
6. RAISING FUNDS
| Raising donations and legacies Fundraising expenses Bid writing costs 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 Volunteer Gifts Aggregate amounts 7. CHARITABLE ACTIVITIES COSTS Core dementia services 8. SUPPORT COSTS Core dementia services |
31.3.24 £ 1,107 2,625 3,732 31.3.24 £ 4,350 49 307 833 330 136 1,055 1,905 329 1,778 452 11,524 15,256 Support Direct costs (see Costs note 8) £ £ 548,760 4,938 Governance Finance costs £ £ 2,058 2,880 |
31.3.23 £ 439 2,500 2,939 31.3.23 £ 4,350 92 540 527 196 100 962 1,674 305 651 163 9,560 12,499 Totals £ 553,698 |
|---|---|---|
| Totals £ 4,938 |
continued...
Page 14
The Peaceful Place Ltd
Notes to the Financial Statements - continued for the Year Ended 31 March 2024
9. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
| 31.3.24 | 31.3.23 | |
|---|---|---|
| £ | £ | |
| Other non-audit services | 2,880 | 2,880 |
| Depreciation - owned assets | 16,815 | 14,510 |
| 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 2024 nor for the year ended 31 March 2023.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023.
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 |
31.3.24 £ 307,550 16,243 5,804 329,597 31.3.24 8 |
31.3.23 £ 214,406 11,480 3,806 229,692 31.3.23 8 |
|---|---|---|
No employees received emoluments in excess of £60,000.
12. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| INCOME AND ENDOWMENTS FROM Donations and legacies Charitable activities Core dementia services Other trading activities Investment income Other income Total EXPENDITURE ON Raising funds |
Unrestricted funds £ 21,211 375,240 74,104 426 6,508 477,489 12,499 |
Restricted funds £ 10,000 8,250 - - - 18,250 - |
Total funds £ 31,211 383,490 74,104 426 6,508 |
|---|---|---|---|
| 495,739 | |||
| 12,499 |
Page 15
continued...
The Peaceful Place Ltd
Notes to the Financial Statements - continued for the Year Ended 31 March 2024
| 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 2023 Additions At 31 March 2024 DEPRECIATION At 1 April 2023 Charge for year At 31 March 2024 NET BOOK VALUE At 31 March 2024 At 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 2023 Additions At 31 March 2024 DEPRECIATION At 1 April 2023 Charge for year At 31 March 2024 NET BOOK VALUE At 31 March 2024 At 31 March 2023 |
ACTIVITIES Unrestricted funds £ 373,283 385,782 91,707 1,442,165 1,533,872 Freehold property £ 936,178 - 936,178 - - - 936,178 936,178 |
- | continued Restricted funds £ 18,250 18,250 - - - Plant and machinery £ 2,602 - 2,602 1,075 514 1,589 1,013 1,527 |
Total funds £ 391,533 |
|
|---|---|---|---|---|---|---|
| 404,032 | ||||||
| 91,707 1,442,165 |
||||||
| 1,533,872 | ||||||
| Fixtures and fittings £ 80,602 6,004 86,606 72,869 5,354 78,223 8,383 7,733 |
||||||
Page 16
continued...
The Peaceful Place Ltd
Notes to the Financial Statements - continued for the Year Ended 31 March 2024
| 13. TANGIBLE FIXED ASSETS - continued Motor vehicles £ COST At 1 April 2023 112,256 Additions - At 31 March 2024 112,256 DEPRECIATION At 1 April 2023 57,346 Charge for year 10,907 At 31 March 2024 68,253 NET BOOK VALUE At 31 March 2024 44,003 At 31 March 2023 54,910 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 |
Computer equipment £ 1,185 - 1,185 1,106 40 1,146 39 79 31.3.24 £ 34,450 10,063 44,513 31.3.24 £ 11,131 5,510 2,880 19,521 |
Totals £ 1,132,823 6,004 |
Totals £ 1,132,823 6,004 |
|---|---|---|---|
| 1,138,827 | |||
| 132,396 16,815 |
|||
| 149,211 | |||
| 989,616 | |||
| 1,000,427 | |||
| 31.3.23 £ 13,024 28,013 41,037 31.3.23 £ 5,651 4,454 4,862 14,967 |
|||
| 14,967 |
continued...
Page 17
The Peaceful Place Ltd
Notes to the Financial Statements - continued for the Year Ended 31 March 2024
16. MOVEMENT IN FUNDS
| Unrestricted funds General fund Designated - Timberlog Lane Centre Designated - Redundancy reserve fund Designated - Emergency Contingency Fund Designated - Second Building Fund Designated - Shop Contingency Fund Designated - Sports Studio Restricted funds Peoples Postcode Lottery Fund - Sports 4 Health Active Essex Places and Spaces - Bowers Gifford Allotment National Lottery Fund - Main Grants - Transport project National Lottery Fund -Awards for All - Growing Together TOTAL FUNDS Net movement in funds, included in the above are Unrestricted funds General fund Restricted funds Peoples Postcode Lottery Fund - Sports 4 Health Active Essex Places and Spaces - Bowers Gifford Allotment National Lottery Fund - Main Grants - Transport project National Lottery Fund -Awards for All - Growing Together TOTAL FUNDS |
At 1.4.23 £ 237,694 936,178 60,000 100,000 200,000 - - 1,533,872 - - - - - 1,533,872 as follows: |
Net movement in funds £ 53,078 - - - - - - 53,078 15,516 7,846 31,986 19,190 74,538 127,616 Incoming resources £ 608,132 24,474 7,981 36,793 19,190 88,438 696,570 |
Transfers between funds £ (100,000) - - - 15,000 50,000 35,000 - - - - - - - Resources expended £ (555,054) (8,958) (135) (4,807) - (13,900) (568,954) |
At 31.3.24 £ 190,772 936,178 60,000 100,000 215,000 50,000 35,000 |
At 31.3.24 £ 190,772 936,178 60,000 100,000 215,000 50,000 35,000 |
||
|---|---|---|---|---|---|---|---|
| 1,586,950 15,516 7,846 31,986 19,190 |
|||||||
| 74,538 | |||||||
| 1,661,488 | |||||||
| Movement in funds £ 53,078 15,516 7,846 31,986 19,190 74,538 127,616 |
|||||||
| 74,538 | |||||||
| 127,616 |
continued...
Page 18
The Peaceful Place Ltd
Notes to the Financial Statements - continued for the Year Ended 31 March 2024
16. MOVEMENT IN FUNDS - continued
Comparatives for 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 - Designated - Redundancy reserve fund 40,000 - Designated - Emergency Contingency Fund 100,000 - Designated - Second Building Fund - - 1,442,165 91,707 TOTAL FUNDS 1,442,165 91,707 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 477,489 Restricted funds Essex Community Foundation 7,200 Kool Kids Foundation 1,050 Albert Jones Trust 10,000 18,250 TOTAL FUNDS 495,739 |
Transfers between funds £ (220,000) - 20,000 - 200,000 - - Resources expended £ (385,782) (7,200) (1,050) (10,000) (18,250) (404,032) |
At 31.3.23 £ 237,694 936,178 60,000 100,000 200,000 |
At 31.3.23 £ 237,694 936,178 60,000 100,000 200,000 |
|
|---|---|---|---|---|
| 1,533,872 | ||||
| 1,533,872 | ||||
| Movement in funds £ 91,707 - - - - 91,707 |
||||
| - | ||||
| 91,707 |
continued...
Page 19
The Peaceful Place Ltd
Notes to the Financial Statements - continued for the Year Ended 31 March 2024
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 Designated - Redundancy reserve fund Designated - Emergency Contingency Fund Designated - Second Building Fund Designated - Shop Contingency Fund Designated - Sports Studio Restricted funds Peoples Postcode Lottery Fund - Sports 4 Health Active Essex Places and Spaces - Bowers Gifford Allotment National Lottery Fund - Main Grants - Transport project National Lottery Fund -Awards for All - Growing Together TOTAL FUNDS |
At 1.4.22 £ 365,987 936,178 40,000 100,000 - - - 1,442,165 - - - - - 1,442,165 |
Net movement in funds £ 144,785 - - - - - - 144,785 15,516 7,846 31,986 19,190 74,538 219,323 |
Transfers between funds £ (320,000) - 20,000 - 215,000 50,000 35,000 - - - - - - - |
At 31.3.24 £ 190,772 936,178 60,000 100,000 215,000 50,000 35,000 |
|---|---|---|---|---|
| 1,586,950 15,516 7,846 31,986 19,190 |
||||
| 74,538 | ||||
| 1,661,488 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming resources £ Unrestricted funds General fund 1,085,621 Restricted funds Essex Community Foundation 7,200 Kool Kids Foundation 1,050 Albert Jones Trust 10,000 Peoples Postcode Lottery Fund - Sports 4 Health 24,474 Active Essex Places and Spaces - Bowers Gifford Allotment 7,981 National Lottery Fund - Main Grants - Transport project 36,793 National Lottery Fund -Awards for All - Growing Together 19,190 106,688 TOTAL FUNDS 1,192,309 |
Resources Movement expended in funds £ £ (940,836) 144,785 (7,200) - (1,050) - (10,000) - (8,958) 15,516 (135) 7,846 (4,807) 31,986 - 19,190 (32,150) 74,538 (972,986) 219,323 |
Resources Movement expended in funds £ £ (940,836) 144,785 (7,200) - (1,050) - (10,000) - (8,958) 15,516 (135) 7,846 (4,807) 31,986 - 19,190 (32,150) 74,538 (972,986) 219,323 |
|---|---|---|
| 74,538 | ||
| 219,323 |
continued...
Page 20
The Peaceful Place Ltd
Notes to the Financial Statements - continued for the Year Ended 31 March 2024
16. MOVEMENT IN FUNDS - continued
The following funds are held by the charity:
Designated Funds:
Timberlog Lane Centre: £936,178, representing the assessed value of the Charity's freehold property, the Timberlog Lane Centre. By designating these funds, the Trustees ensure this core asset is safeguarded and cannot be diverted to general operational use.
Second Building Fund: £215,000, set aside for the acquisition of a second premises to expand the Charity's geographical reach.
Emergency Contingency Fund: £100,000, to provide financial resilience in the event of unforeseen challenges.
Shop Contingency Fund: £50,000, designated for future improvements to the Charity Shop.
Sports/Gym Room Fund - £35,000 for the construction of sports/gym room at the Peaceful Place site to enhance physical acti vities opportunities.
Redundancy Reserves Fund: £60,000, allocated to cover potential redundancy payments in the unlikely event of the Charity's dissoluti on.
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. OTHER FINANCIAL COMMITMENTS
At the year end the charity has made a commitment to £6,000 costs of redecoration to the property at Timberlog Lane which were completed after date.
18. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2024.
Page 21
The Peaceful Place Ltd
Detailed Statement of Financial Activities for the Year Ended 31 March 2024
| 31.3.24 | 31.3.23 | |
|---|---|---|
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Gifts and donations | 25,505 | 21,011 |
| Grants | 10,000 | 10,200 |
| 35,505 | 31,211 | |
| Other trading activities | ||
| Shop income | 72,671 | 74,104 |
| Investment income | ||
| Deposit account interest | 6,767 | 426 |
| Charitable activities | ||
| Day centre fees | 493,025 | 375,240 |
| Grants | 88,438 | 8,250 |
| 581,463 | 383,490 | |
| Other income | ||
| Other Income | 164 | 6,508 |
| Total incoming resources | 696,570 | 495,739 |
| EXPENDITURE | ||
| Raising donations and legacies | ||
| Fundraising expenses | 1,107 | 439 |
| Bid writing costs | 2,625 | 2,500 |
| 3,732 | 2,939 | |
| Other trading activities | ||
| Rent | 4,350 | 4,350 |
| Cleaning materials | 49 | 92 |
| Telephone and internet | 307 | 540 |
| Printing and postage | 833 | 527 |
| Repairs and renewals | 330 | 196 |
| Insurance | 136 | 100 |
| Light and heat | 1,055 | 962 |
| Waste disposal | 1,905 | 1,674 |
| Water and rates | 329 | 305 |
| Direct costs | 1,778 | 651 |
| Volunteer Gifts | 452 | 163 |
| 11,524 | 9,560 | |
| Charitable activities | ||
| Wages | 307,550 | 214,406 |
| Carried forward | 307,550 | 214,406 |
This page does not form part of the statutory financial statements
Page 22
The Peaceful Place Ltd
| Detailed Statement of Financial Activities | ||
|---|---|---|
| for the Year Ended 31 March 2024 | ||
| 31.3.24 | 31.3.23 | |
| £ | £ | |
| Charitable activities | ||
| Brought forward | 307,550 | 214,406 |
| Social security | 16,243 | 11,480 |
| Pensions | 5,804 | 3,806 |
| Rates and water | 2,130 | 601 |
| Insurance | 3,015 | 1,532 |
| Light and heat | 5,144 | 5,924 |
| Telephone | 3,182 | 3,123 |
| Postage and stationery | 3,183 | 3,443 |
| Activity equipment & materials | 57,124 | 34,460 |
| Catering | 27,938 | 21,775 |
| Cleaning & medical supplies | 18,249 | 12,142 |
| IT software & consumables | 6,436 | 9,409 |
| Advertising & marketing | 3,427 | 2,806 |
| Funeral/Flower costs | 234 | 63 |
| Repairs and maintenance | 10,353 | 8,371 |
| Professional Fees | 8,169 | 886 |
| Subscriptions and licences | 1,887 | 1,642 |
| Training & Travel | 4,033 | 425 |
| Vehicle expenses | 35,136 | 31,370 |
| Waste disposal | 2,343 | 1,916 |
| Staff entertaining | 413 | 271 |
| Bookkeeping | 3,850 | 3,658 |
| HR & risk assessment | 4,484 | 4,283 |
| Health & Safety costs | 1,617 | 908 |
| Plant and machinery | 514 | 514 |
| Fixtures and fittings | 5,355 | 2,961 |
| Motor vehicles | 10,907 | 10,907 |
| Computer equipment | 40 | 127 |
| Loss on sale of tangible fixed assets | - | (6,500) |
| 548,760 | 386,709 | |
| Support costs | ||
| Finance | ||
| Bank charges | 2,058 | 1,944 |
| Governance costs | ||
| Auditors' remuneration for non audit work | 2,880 | 2,880 |
| Total resources expended | 568,954 | 404,032 |
| Net income | 127,616 | 91,707 |
This page does not form part of the statutory financial statements
Page 23