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 2025
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 2025
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 6 |
| Independent Examiner's Report | 7 | ||
| Statement of Financial Activities | 8 | ||
| Balance Sheet | 9 | to | 10 |
| Cash Flow Statement | 11 | ||
| Notes to the Cash Flow Statement | 12 | ||
| Notes to the Financial Statements | 13 | to | 24 |
| Detailed Statement of Financial Activities | 25 | to | 26 |
The Peaceful Place Ltd
Report of the Trustees for the Year Ended 31 March 2025
The Trustees present their report along with financial statements of the charity for the year ended 31 March 2025. 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 and Charities Act.
OBJECTIVES AND ACTIVITIES Objectives and aims Objectives, Aims, Governance, and Management
Peaceful Place Ltd was incorporated on 10 November 2005 and operates under its Memorandum and Articles of Association (updated and approved in 2024). The charity's primary aim is to empower people living with dementia - including young-onset dementia and those in the early stages - to live fulfilling lives by reducing isolation and providing cognitive stimulation, peer support and physical activities.
Public benefit
The Trustees have referred to the Charity Commission's guidance on public benefit when planning the Charity's activities. Peaceful Place delivers measurable public benefit by enabling members to take part in community life, providing respite and information to family carers, offering volunteering and placement opportunities, and ensuring activities are dementia-friendly and accessible.
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The Peaceful Place Ltd
Report of the Trustees for the Year Ended 31 March 2025
ACHIEVEMENTS AND PERFORMANCE Charitable Activities Charity Excellence Framework (CEF) Quality Mark
During the year Peaceful Place was awarded the Charity Excellence Framework (CEF) Quality Mark. This independent accreditation recognises the Charity's improvements in governance, financial management, strategic planning and service delivery. Achieving the Quality Mark demonstrates our commitment to best practice and provides a robust foundation for future growth, particularly as we progress plans for service expansion and further investment in quality improvement.
Volunteers & volunteer coordination
During the year we successfully recruited a full-time Volunteer Coordinator. This appointment has driven a marked improvement in volunteer recruitment and support: volunteer numbers have increased, induction and ongoing support has been professionalised, and volunteers are now better supervised and deployed across the day centre, community activities and the Charity Shop. The strengthened volunteer offer has enhanced service capacity and improved members' access to one-to-one and group support.
Allotment project & family engagement
We expanded our outdoor provision through the development of two allotments. One allotment is dedicated to member gardening activities and therapeutic horticulture; the second provides a space for family carers to connect with nature and access peer support. The Caring Together project provides therapeutic gardening at Manners Way Allotment, while educational classes and peer-support groups for family carers take place elsewhere in the community. Participants report increased knowledge, practical skills and confidence in supporting a person living with dementia. We are grateful to National Lottery Awards for All and Active Essex for funding the development of the Bowers Gifford allotment for our members.
We now operate two allotments that extend our therapeutic and community offer. The Manners Way allotment, which adds value to the Caring Together project (supported by Morrisons Foundation), provides hands-on, restorative gardening for members. Our Pitsea allotment, funded by Active Essex, has brought members closer to nature, nurtured their wellbeing and produced fresh crops that are used in Peaceful Place's kitchen. Both sites strengthen connections with the outdoors, promote practical skill-sharing and contribute directly to members' physical and emotional wellbeing.
Caring Together Project
We are delighted to report that the Caring Together project, funded by the Essex Carers Community Fund, has strengthened family carers' confidence and resilience through tailored one-to-one support, community-based educational classes on supporting a person with dementia, and facilitated peer-support development. The project has expanded to include a therapeutic, hands-on gardening strand at Manners Way allotment, funded by the Morrisons Foundation. Together these complementary strands provide practical skills, wellbeing support and restorative activity that benefit both carers and the people they care for.
Events, community showcases & participation
Community engagement and public showcases increased during the year. We delivered a successful Family Fun Day in partnership with Hashtag United and supported a larger turnout at our walking football tournament, reflecting growing participation in sporting activities. Members, living with dementia also performed at Towngate Theatre in a public showcase featuring solo singers and our Peaceful Buskerteer Choir, demonstrating the confidence, skills and creative talents developed through our arts and music programmes. These events celebrate members' achievements and raise the Charity's profile in the local community.
Sports 4 Health Project
The Sports 4 Health programme has been expanded through funding from the Essex Community Foundation (ECF), the English Sports Council and the People's Postcode Lottery. Grants funded swimming, gym, walking football and multi-sports sessions, increasing opportunities for members to stay active and remain connected with their local sporting communities.
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The Peaceful Place Ltd
Report of the Trustees for the Year Ended 31 March 2025
Transport & fleet
The National Lottery Community Fund has enabled important investment in our transport service. Funding for driver costs over a 3-year period has allowed us to appoint three permanent drivers, increasing our operational capacity and enabling us to reach more members. The Lottery also contributed towards the purchase of two electric minibuses. One vehicle has been specially adapted to carry people with complex mobility needs and will be brought into operation during 2025. This investment supports sustainable transport and improved access for members.
Fundraising activities Charity Shop
The Charity Shop remains an important part of our service. While income is consistent, the shop is also a vital hub for social connection in the local community, sustained by generous donations and regular purchases. We are grateful to our loyal customers for their continued support and to the volunteers whose time and commitment keep the shop running and provide essential unrestricted income that helps sustain our day-centre activities.
Partnerships
We are grateful to our partner agencies for their continued support in delivering high-quality activities and specialist services. We thank Hashtag United, Suffolk Music Therapy, Together in Musical Expression (T.I.M.E), Basildon Sport & Leisure Centre, Sports for Confidence and Buskerteer Choir. Their expertise and collaboration have expanded our offer, increased participation, and strengthened links with the wider community. Ongoing thanks to Adult Social Care, Dementia Crisis Teams in Essex, Thurrock and Southend.
Outcomes and impact
The combined effect of improved volunteer capacity, expanded outdoor activities and high-profile events has been an observable increase in member engagement, improved social connections and enhanced carer involvement. Staff and partner feedback indicate the new initiatives are contributing to members' wellbeing and social confidence, while family carers report greater opportunities for shared activity and respite.
FINANCIAL REVIEW Financial position Key Financial Summary:
Summary of financial results - Year ended 31st March 2025:
Total income: £748,485 (2023/24: £696,570)
Total expenditure: £689,893 (2023/24: £568,954)
Net income for the year: £58,592
Total funds carried forward: £1,720,080 (2023/24: £1,661,488)
Explanation of Total Funds Carried Forward:
The total funds carried forward include the value of the Charity's freehold premises at Timberlog Lane, assessed at £936,178. The Trustees consider the overall position to be healthy and sufficient to support planned developments.
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The Peaceful Place Ltd
Report of the Trustees for the Year Ended 31 March 2025
FINANCIAL REVIEW
Principal funding sources
The Charity's principal income streams are day-centre fees, private donations, grants and Charity Shop income. Key income highlights for 2024/25:
Day centre fees: £488,963 (2023/24: £493,025) - reflecting steady service demand.
Grants: £121,970 (2023/24: £98,438), including:
-National Lottery Community Fund main grants - £69,476 (supporting transport for this period).
-Essex Carers Community Fund - £14,973 (supporting Caring Together project)
-Morrison's Foundation - £10,000 (supporting the Caring Together project at Manners Way Allotment).
-Sport England Movement fund (£16,500 for this period) and Essex Community Foundation (£833 for this period) , -Post Code Lottery Fund (£10,197 for this period) (Sport 4 Health project).
Charity Shop income: £79,703 - an important unrestricted income stream.
Expenditure highlights
Day centre: £678,149 - Operating costs.
Raising funds: £11,744 - costs associated with fundraising and the Charity Shop
Reserves policy
The Trustees maintain a reserves policy, updated each financial year, to ensure financial stability. Unrestricted general fund of £191,685, (approx. 3 months' operating costs. In addition, the Trustees have designated an emergency contingency fund of £150,000 to mitigate the financial impact of unforeseen events (for example, service disruption due to public-health restrictions). A designated reserve of £250,000 has been set aside for building development (a second day centre).
The Trustees will continue to monitor income streams, costs and reserve levels to ensure ongoing financial resilience.
FUTURE PLANS
Key priorities for 2025/26 include:
-
Supporting family carers: Continuing to develop a dedicated family-carer project (workshops, peer support and practical resources) subject to securing funding.
-
Community advocacy and inclusion: continuing to challenge stereotypes about dementia, increase public awareness and improve referrals from under-represented communities (BAME outreach).
-
Fundraise and build a dedicated multi sports room.
-
Sustainability: implementing the electric minibus project to lower transport emissions and improve environmental performance.
-
Quality & governance: continuing work to strengthen governance and operational standards and to embed learning from the Charity Excellence Framework accreditation.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
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The Peaceful Place Ltd
Report of the Trustees for the Year Ended 31 March 2025
Peaceful Place Ltd is a company limited by guarantee and a registered charity. The Charity is governed by its Articles of Association and is managed by a Board of Trustees which meets quarterly where they are provided with updated reports from CEO and Finance Officer.
The Trustees confirm that they have complied with their duties under s172 of the Companies Act and have considered the needs of service users, staff, volunteers and other stakeholders when making strategic decisions.
Recruitment and appointment of new trustees
The process of recruiting new Trustees starts with a review of the existing Board and identifying which skills are needed. Trustees then consider all suggested contacts prior to meeting and exploring the role with individuals. All members of the Board give their time voluntarily and receive no benefit from the charity. Once an individual has been accepted a formal induction process is started with the Chair which includes the provision of a Trustee Handbook, the last three years financial statements, a meeting with CEO, staff, volunteers and current members.
Organisational structure
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 also dedicates time and expertise to Finance and Fundraising Sub-Committee meetings, which are held quarterly.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number
05618159 (England and Wales)
Registered Charity number
1127072
Registered office
261 Timberlog Lane Basildon Essex SS14 1PA
Trustees
Mrs A Davenport Chairperson Mrs S Hillier (resigned 13.11.2025) 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)
The Board records its thanks to Mr G Baker who resigned 18 July 2024.
The Company Secretary remains Butlers Financial Limited.
The Independent Examiner is Butlers Chartered Accountants.
Company Secretary
Butlers Financial Limited
Independent Examiner
Butlers Chartered Accountants 1434 London Road Leigh on Sea Essex SS9 2UL
Approved by order of the board of trustees on 28 November 2025 and signed on its behalf by:
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The Peaceful Place Ltd
Report of the Trustees for the Year Ended 31 March 2025
Mrs A Davenport - Trustee
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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 2025.
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
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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
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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
28 November 2025
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The Peaceful Place Ltd
Statement of Financial Activities for the Year Ended 31 March 2025
| 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/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted funds £ 40,773 488,963 79,703 15,706 8,391 633,536 11,744 535,878 547,622 85,914 1,586,950 1,672,864 |
Restricted funds £ - 114,949 - - - 114,949 - 142,271 142,271 (27,322) 74,538 47,216 |
31.3.25 Total funds £ 40,773 603,912 79,703 15,706 8,391 748,485 11,744 678,149 689,893 58,592 1,661,488 1,720,080 |
31.3.24 Total funds £ 35,505 581,463 72,671 6,767 164 |
|---|---|---|---|---|
| 696,570 | ||||
| 15,406 553,548 |
||||
| 568,954 | ||||
| 127,616 1,533,872 |
||||
| 1,661,488 |
The notes form part of these financial statements
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The Peaceful Place Ltd
Balance Sheet 31 March 2025
| 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 - Building Investment Fund Designated - Shop Contingency Fund Designated - Sports Studio Restricted funds TOTAL FUNDS |
Unrestricted funds £ 976,422 51,865 663,789 715,654 (19,213) 696,441 1,672,863 1,672,863 |
Restricted funds £ - - 48,908 48,908 (1,691) 47,217 47,217 47,217 |
31.3.25 Total funds £ 976,422 51,865 712,697 764,562 (20,904) 743,658 1,720,080 1,720,080 191,685 936,178 60,000 150,000 250,000 50,000 35,000 1,672,863 47,217 1,720,080 |
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 |
|---|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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...
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The Peaceful Place Ltd
Balance Sheet - continued 31 March 2025
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 28 November 2025 and were signed on its behalf by:
Mr W J Gould - Trustee
The notes form part of these financial statements
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The Peaceful Place Ltd
| Cash Flow Statement for the Year Ended 31 March 2025 31.3.25 Notes £ Cash flows from operating activities Cash generated from operations 1 53,030 Net cash provided by operating activities 53,030 Cash flows from investing activities Purchase of tangible fixed assets (2,919) Interest received 15,706 Net cash provided by investing activities 12,787 Change in cash and cash equivalents in the reporting period 65,817 Cash and cash equivalents at the beginning of the reporting period 646,880 Cash and cash equivalents at the end of the reporting period 712,697 |
31.3.24 £ 138,742 138,742 (6,004) 6,767 763 139,505 507,375 646,880 |
|---|---|
The notes form part of these financial statements
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The Peaceful Place Ltd
Notes to the Cash Flow Statement for the Year Ended 31 March 2025
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 Interest received Rounding adjustment Increase in debtors Increase in creditors Net cash provided by operations |
31.3.25 £ 58,592 16,114 (15,706) (1) (7,352) 1,383 53,030 |
31.3.24 £ 127,616 16,816 (6,767) (1) (3,476) 4,554 |
|---|---|---|
| 138,742 |
2.
ANALYSIS OF CHANGES IN NET FUNDS
| At 1.4.24 | Cash flow | At 31.3.25 | |
|---|---|---|---|
| £ | £ | £ | |
| Net cash | |||
| Cash at bank and in hand | 646,880 | 65,817 | 712,697 |
| 646,880 | 65,817 | 712,697 | |
| Total | 646,880 | 65,817 | 712,697 |
The notes form part of these financial statements
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The Peaceful Place Ltd
Notes to the Financial Statements for the Year Ended 31 March 2025
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...
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The Peaceful Place Ltd
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
| 2. DONATIONS AND LEGACIES Gifts and donations Grants Grants received, included in the above, are as follows: Albert Jones Trust OLEV Charge Point Grant 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 County Council Peoples Postcode Lottery Fund National Lottery Fund - Awards for all scheme National Lottery Fund - Main Grants Active Essex Places and Spaces English Sports Council - Sports Movement Morrisons Foundation - Caring Together Essex Community Foundation - Sports 4 Health |
31.3.25 £ 40,073 700 40,773 31.3.25 £ - 700 700 31.3.25 £ 79,703 31.3.25 £ 15,706 31.3.25 £ 488,963 114,949 603,912 31.3.25 £ 14,973 - - 69,476 - 16,500 10,000 4,000 114,949 |
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 |
continued...
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The Peaceful Place Ltd
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
6. RAISING FUNDS
| Raising donations and legacies | ||||
|---|---|---|---|---|
| 31.3.25 | 31.3.24 | |||
| £ | £ | |||
| Fundraising expenses | 162 | 1,107 | ||
| Bid writing costs | - | 2,625 | ||
| 162 | 3,732 | |||
| Other trading activities | ||||
| 31.3.25 | 31.3.24 | |||
| £ | £ | |||
| Rent | 4,030 | 4,350 | ||
| Cleaning refreshments | 212 | 49 | ||
| Telephone and internet | 380 | 307 | ||
| Printing and postage | - | 833 | ||
| Repairs and renewals | 2,201 | 330 | ||
| Insurance | 150 | 286 | ||
| Light and heat | 949 | 1,055 | ||
| Waste disposal | 2,317 | 1,905 | ||
| Water and rates | - | 329 | ||
| Direct costs | 769 | 1,778 | ||
| Volunteer Gifts | 239 | 452 | ||
| Rates | 96 | - | ||
| Training | 239 | - | ||
| 11,582 | 11,674 | |||
| Aggregate amounts | 11,744 | 15,406 | ||
| 7. | CHARITABLE ACTIVITIES COSTS | |||
| Support | ||||
| Direct | costs (see | |||
| Costs | note 8) | Totals | ||
| £ | £ | £ | ||
| Core dementia services | 672,688 | 5,461 | 678,149 |
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continued...
The Peaceful Place Ltd
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
8. SUPPORT COSTS
| SUPPORT COSTS | |||
|---|---|---|---|
| Governance | |||
| Finance | costs | Totals | |
| £ | £ | £ | |
| Core dementia services | 1,441 | 4,020 | 5,461 |
| NET INCOME/(EXPENDITURE) | |||
| Net income/(expenditure) is stated after charging/(crediting): | |||
| 31.3.25 | 31.3.24 | ||
| £ | £ | ||
| Other non-audit services | 4,020 | 2,880 | |
| Depreciation - owned assets | 16,113 | 16,815 | |
| Other operating leases | 4,030 | 4,350 |
9. NET INCOME/(EXPENDITURE)
10. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.
11. STAFF COSTS
| Wages and salaries Social security costs Other pension costs The average monthly number of employees during the year was as follows: Management Administration Operational |
31.3.25 £ 378,565 25,181 7,518 411,264 31.3.25 1 1 13 15 |
31.3.24 £ 307,550 16,243 5,804 |
|---|---|---|
| 329,597 | ||
| 31.3.24 1 1 6 8 |
No employees received emoluments in excess of £60,000.
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continued...
The Peaceful Place Ltd
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
| 12. COMPARATIVES FOR THE STATEMENT OF FINANCIAL INCOME AND ENDOWMENTS FROM Donations and legacies Charitable activities Core dementia services Other trading activities Investment income Other income Total EXPENDITURE ON Raising funds 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 2024 Additions At 31 March 2025 DEPRECIATION At 1 April 2024 Charge for year At 31 March 2025 NET BOOK VALUE At 31 March 2025 At 31 March 2024 |
ACTIVITIES Unrestricted funds £ 35,505 493,025 72,671 6,767 164 608,132 15,406 539,648 555,054 53,078 1,533,872 1,586,950 Freehold property £ 936,178 - 936,178 - - - 936,178 936,178 |
Restricted funds £ - 88,438 - - - 88,438 - 13,900 13,900 74,538 - 74,538 Plant and machinery £ 2,602 2,919 5,521 1,589 466 2,055 3,466 1,013 |
Total funds £ 35,505 581,463 72,671 6,767 164 |
||
|---|---|---|---|---|---|
| 696,570 | |||||
| 15,406 553,548 |
|||||
| 568,954 | |||||
| 127,616 1,533,872 |
|||||
| 1,661,488 | |||||
| Fixtures and fittings £ 86,606 - 86,606 78,223 4,701 82,924 3,682 8,383 |
continued...
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The Peaceful Place Ltd
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
| 13. TANGIBLE FIXED ASSETS - continued Motor vehicles £ COST At 1 April 2024 112,256 Additions - At 31 March 2025 112,256 DEPRECIATION At 1 April 2024 68,253 Charge for year 10,907 At 31 March 2025 79,160 NET BOOK VALUE At 31 March 2025 33,096 At 31 March 2024 44,003 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 Totals £ £ 1,185 1,138,827 - 2,919 1,185 1,141,746 1,146 149,211 39 16,113 1,185 165,324 - 976,422 39 989,616 31.3.25 31.3.24 £ £ 31,738 34,450 20,127 10,063 51,865 44,513 31.3.25 31.3.24 £ £ 4,316 11,131 9,335 5,510 7,253 2,880 20,904 19,521 |
Computer equipment Totals £ £ 1,185 1,138,827 - 2,919 1,185 1,141,746 1,146 149,211 39 16,113 1,185 165,324 - 976,422 39 989,616 31.3.25 31.3.24 £ £ 31,738 34,450 20,127 10,063 51,865 44,513 31.3.25 31.3.24 £ £ 4,316 11,131 9,335 5,510 7,253 2,880 20,904 19,521 |
Computer equipment Totals £ £ 1,185 1,138,827 - 2,919 1,185 1,141,746 1,146 149,211 39 16,113 1,185 165,324 - 976,422 39 989,616 31.3.25 31.3.24 £ £ 31,738 34,450 20,127 10,063 51,865 44,513 31.3.25 31.3.24 £ £ 4,316 11,131 9,335 5,510 7,253 2,880 20,904 19,521 |
|---|---|---|---|
| 149,211 16,113 |
|||
| 165,324 | |||
| 976,422 | |||
| 989,616 | |||
| 31.3.24 £ 34,450 10,063 44,513 31.3.24 £ 11,131 5,510 2,880 19,521 |
|||
| 19,521 |
continued...
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The Peaceful Place Ltd
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
16. MOVEMENT IN FUNDS
| Unrestricted funds General fund Designated - Timberlog Lane Centre Designated - Redundancy reserve fund Designated - Emergency Contingency Fund Designated - Building Investment 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 English Sports Council - Sports Movement Morrisons Foundation - Caring Together Essex Community Foundation - Sports 4 Health Essex County Council - Caring Together TOTAL FUNDS |
At 1.4.24 £ 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 |
Net movement in funds £ 85,913 - - - - - - 85,913 (15,516) (7,657) (3,915) (19,190) 7,438 5,662 1,169 4,688 (27,321) 58,592 |
Transfers between funds £ (85,000) - - 50,000 35,000 - - - - - - - - - - - - - |
At 31.3.25 £ 191,685 936,178 60,000 150,000 250,000 50,000 35,000 |
|---|---|---|---|---|
| 1,672,863 - 189 28,071 - 7,438 5,662 1,169 4,688 |
||||
| 47,217 | ||||
| 1,720,080 |
continued...
Page 19
The Peaceful Place Ltd
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
16. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| 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 English Sports Council - Sports Movement Morrisons Foundation - Caring Together Essex Community Foundation - Sports 4 Health Essex County Council - Caring Together TOTAL FUNDS |
Incoming resources £ 633,536 - - 69,476 - 16,500 10,000 4,000 14,973 114,949 748,485 |
Resources Movement expended in funds £ £ (547,623) 85,913 (15,516) (15,516) (7,657) (7,657) (73,391) (3,915) (19,190) (19,190) (9,062) 7,438 (4,338) 5,662 (2,831) 1,169 (10,285) 4,688 (142,270) (27,321) (689,893) 58,592 |
|---|---|---|
continued...
Page 20
The Peaceful Place Ltd
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
16. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Net movement At 1.4.23 in funds £ £ Unrestricted funds General fund 237,694 53,078 Designated - Timberlog Lane Centre 936,178 - Designated - Redundancy reserve fund 60,000 - Designated - Emergency Contingency Fund 100,000 - Designated - Building Investment Fund 200,000 - Designated - Shop Contingency Fund - - Designated - Sports Studio - - 1,533,872 53,078 Restricted funds Peoples Postcode Lottery Fund - Sports 4 Health - 15,516 Active Essex Places and Spaces - Bowers Gifford Allotment - 7,846 National Lottery Fund - Main Grants - Transport project - 31,986 National Lottery Fund -Awards for All - Growing Together - 19,190 - 74,538 TOTAL FUNDS 1,533,872 127,616 Comparative net movement in funds, included in the above are as follows: |
Transfers between funds £ (100,000) - - - 15,000 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 | ||
| 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 |
Incoming resources £ 608,132 24,474 7,981 36,793 19,190 88,438 696,570 |
Resources Movement expended in funds £ £ (555,054) 53,078 (8,958) 15,516 (135) 7,846 (4,807) 31,986 - 19,190 (13,900) 74,538 (568,954) 127,616 |
Resources Movement expended in funds £ £ (555,054) 53,078 (8,958) 15,516 (135) 7,846 (4,807) 31,986 - 19,190 (13,900) 74,538 (568,954) 127,616 |
|---|---|---|---|
| 74,538 | |||
| 127,616 |
continued...
Page 21
The Peaceful Place Ltd
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
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 - Building Investment Fund Designated - Shop Contingency Fund Designated - Sports Studio Restricted funds Active Essex Places and Spaces - Bowers Gifford Allotment National Lottery Fund - Main Grants - Transport project English Sports Council - Sports Movement Morrisons Foundation - Caring Together Essex Community Foundation - Sports 4 Health Essex County Council - Caring Together TOTAL FUNDS |
At 1.4.23 £ 237,694 936,178 60,000 100,000 200,000 - - 1,533,872 - - - - - - - 1,533,872 |
Net movement in funds £ 138,991 - - - - - - 138,991 189 28,071 7,438 5,662 1,169 4,688 47,217 186,208 |
Transfers between funds £ (185,000) - - 50,000 50,000 50,000 35,000 - - - - - - - - - |
At 31.3.25 £ 191,685 936,178 60,000 150,000 250,000 50,000 35,000 |
|---|---|---|---|---|
| 1,672,863 189 28,071 7,438 5,662 1,169 4,688 |
||||
| 47,217 | ||||
| 1,720,080 |
continued...
Page 22
The Peaceful Place Ltd
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
16. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 1,241,668 | (1,102,677 ) | 138,991 |
| Restricted funds | |||
| Peoples Postcode Lottery Fund - Sports 4 | |||
| Health | 24,474 | (24,474) | - |
| Active Essex Places and Spaces - Bowers | |||
| Gifford Allotment | 7,981 | (7,792) | 189 |
| National Lottery Fund - Main Grants - | |||
| Transport project | 106,269 | (78,198) | 28,071 |
| National Lottery Fund -Awards for All - | |||
| Growing Together | 19,190 | (19,190) | - |
| English Sports Council - Sports Movement | 16,500 | (9,062) | 7,438 |
| Morrisons Foundation - Caring Together | 10,000 | (4,338) | 5,662 |
| Essex Community Foundation - Sports 4 | |||
| Health | 4,000 | (2,831) | 1,169 |
| Essex County Council - Caring Together | 14,973 | (10,285) | 4,688 |
| 203,387 | (156,170) | 47,217 | |
| TOTAL FUNDS | 1,445,055 | (1,258,847 ) | 186,208 |
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.
continued...
Page 23
The Peaceful Place Ltd
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
16. MOVEMENT IN FUNDS - continued
Transfers between funds
The only transfers made between funds was for changes to designated funds held for future activities.
17. CAPITAL COMMITMENTS
At the year end, the charity had the following capital commitments:
Purchase of a new electric minibus - £79,409 Purchase of a new garden room for sports activities - £33,300
18. 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.
19. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2025.
Page 24
The Peaceful Place Ltd
Detailed Statement of Financial Activities for the Year Ended 31 March 2025
| 31.3.25 | 31.3.24 | |
|---|---|---|
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Gifts and donations | 40,073 | 25,505 |
| Grants | 700 | 10,000 |
| 40,773 | 35,505 | |
| Other trading activities | ||
| Shop income | 79,703 | 72,671 |
| Investment income | ||
| Deposit account interest | 15,706 | 6,767 |
| Charitable activities | ||
| Day centre fees | 488,963 | 493,025 |
| Grants | 114,949 | 88,438 |
| 603,912 | 581,463 | |
| Other income | ||
| Other Income | 8,391 | 164 |
| Total incoming resources | 748,485 | 696,570 |
| EXPENDITURE | ||
| Raising donations and legacies | ||
| Fundraising expenses | 162 | 1,107 |
| Bid writing costs | - | 2,625 |
| 162 | 3,732 | |
| Other trading activities | ||
| Rent | 4,030 | 4,350 |
| Cleaning refreshments | 212 | 49 |
| Telephone and internet | 380 | 307 |
| Printing and postage | - | 833 |
| Repairs and renewals | 2,201 | 330 |
| Insurance | 150 | 286 |
| Light and heat | 949 | 1,055 |
| Waste disposal | 2,317 | 1,905 |
| Water and rates | - | 329 |
| Direct costs | 769 | 1,778 |
| Volunteer Gifts | 239 | 452 |
| Rates | 96 | - |
| Training | 239 | - |
| 11,582 | 11,674 |
This page does not form part of the statutory financial statements
Page 25
The Peaceful Place Ltd
| Detailed Statement of Financial Activities | ||
|---|---|---|
| for the Year Ended 31 March 2025 | ||
| 31.3.25 | 31.3.24 | |
| £ | £ | |
| Other trading activities | ||
| Charitable activities | ||
| Wages | 378,565 | 307,550 |
| Social security | 25,181 | 16,243 |
| Pensions | 7,518 | 5,804 |
| Rates and water | 294 | 2,130 |
| Insurance | 2,452 | 3,015 |
| Light and heat | 8,946 | 5,144 |
| Telephone | 5,027 | 3,182 |
| Postage and stationery | 3,303 | 3,183 |
| Activity equipment & materials | 103,110 | 56,974 |
| Catering | 31,172 | 27,938 |
| Cleaning & medical supplies | 8,750 | 18,249 |
| IT software & consumables | 5,340 | 6,436 |
| Advertising & marketing | 5,101 | 3,427 |
| Funeral/Flower costs | 1,391 | 234 |
| Repairs and maintenance | 16,205 | 10,353 |
| Professional Fees | 1,950 | 8,169 |
| Subscriptions and licences | 1,634 | 1,887 |
| Training & Travel | 3,316 | 4,033 |
| Vehicle expenses | 35,483 | 35,136 |
| Waste disposal | 2,534 | 2,343 |
| Staff entertaining | 337 | 413 |
| Bookkeeping | 4,199 | 3,850 |
| HR & risk assessment | 4,492 | 4,484 |
| Health & Safety costs | 274 | 1,617 |
| Plant and machinery | 466 | 514 |
| Fixtures and fittings | 4,701 | 5,355 |
| Motor vehicles | 10,907 | 10,907 |
| Computer equipment | 40 | 40 |
| 672,688 | 548,610 | |
| Support costs | ||
| Finance | ||
| Bank charges | 1,441 | 2,058 |
| Governance costs | ||
| Auditors' remuneration for non audit work | 4,020 | 2,880 |
| Total resources expended | 689,893 | 568,954 |
| Net income | 58,592 | 127,616 |
This page does not form part of the statutory financial statements
Page 26