**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:
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 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