COMPANY REGISTRATION NUMBER: 06921337 CHARITY REGISTRATION NUMBER: 1131619
The Peak Centre at Champion House Company Limited by Guarantee Unaudited Financial Statements
31 December 2023
ALLEN, WEST AND FOSTER
Chartered accountants Omega Court 364-366 Cemetery Road Sheffield S11 8FT
The Peak Centre at Champion House
Company Limited by Guarantee
Financial Statements
Year ended 31 December 2023
| Page | |
|---|---|
| Trustees' annual report (incorporating the director's report) | 1 |
| Independent examiner's report to the trustees | 5 |
| Statement of financial activities (including income and expenditure | |
| account) | 6 |
| Statement of financial position | 7 |
| Notes to the financial statements | 9 |
| The following pages do not form part of the financial statements | |
| Detailed statement of financial activities | 19 |
| Notes to the detailed statement of financial activities | 21 |
The Peak Centre at Champion House
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report)
Year ended 31 December 2023
The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 December 2023.
Reference and administrative details
Registered charity name The Peak Centre at Champion House Charity registration number 1131619 Company registration number 06921337 Principal office and registered The Peak Centre office Champion House Edale Hope Valley S33 7ZA The trustees S H Cocksedge (Appointed 17 January 2023) The Venerable C A Coslett (Resigned 15 March 2023) A Giles M Jackson S J Richardson Miss H Hawkins T C E Noel Company secretary B W Acty Independent examiner Stephen Allen ACA FCCA Omega Court 364-366 Cemetery Road Sheffield S11 8FT
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The Peak Centre at Champion House
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 December 2023
Structure, governance and management
Governing document
The Peak Centre at Champion House is a charitable company limited by guarantee. The company took over the business, assets and liabilities of the charitable trust known as The Peak Centre at Champion House with effect from 1st January 2011.
Appointment of Management Committee
Appointment of Trustees is governed by the memorandum and articles of the charity. All members of the management committee are directors for the purpose of company law. The Chairman of the Management Committee is appointed by the Bishop of Derby. The Derby Diocesan Board of Education is authorised to appoint a further four members, and the Diocesan Members can co-opt a further four members making a maximum number of nine.
Risk Management
Safety of all those who come to the centre has remained paramount. All the policies and procedures surrounding the work of the centre have been reviewed and developed by the committee including those which concern the safety of our activities and buildings as well as child protection. The trustees actively review the major risks which the charity faces on a regular basis and believe that maintaining reserves at current levels, combined with an annual review of controls over key financial systems will provide sufficient resources in the event of adverse conditions. The trustees have also examined other operational and business risks faced by the charity and confirm that they have established systems to mitigate the significant risks.
Organisational Structure
The management committee meet at regular intervals and are responsible for the strategic direction and policy of the charity. A scheme of delegation is in place and day to day responsibility for the provision of services rests with the manager.
Related Parties
The charity considers that it has no related parties for the year under review.
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The Peak Centre at Champion House
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 December 2023
Objectives and activities
The Peak Centre at Champion House is a charitable trust set up in 1969 to serve young people from the county and Diocese of Derby. Since then it has developed steadily and imaginatively to further the aims of the trust. Over the years that the Centre has been open we estimate that more than 150,000 young people have stayed here, many of whose lives have been changed significantly for the better.
The policy of the trustees is to continue to run and develop the Centre in accordance with the principles set out in the Trust Deed and Mission Statement.
The Trustees delegate day to day responsibility for running the Centre to the manager, Ben Acty, and are very grateful for the hard work and commitment shown by him and his staff.
Mission
The mission statement is "A Christian centre providing for young people's spiritual, physical and mental development through shared living and challenging group activities".
Achievements and performance
"Community living, discovery and growth", our strap line, drives us at the Peak Centre to strive to provide the very best we can for our guests, in terms of comfort and the opportunities available. We are constantly reviewing and improving our offer so we can better serve those who use the Centre.
2023 has seen a similar number of bookings to last year levels and similar to 2019 (but still lower than previous years). Bookings have held up throughout the year with a slowing down in November and December. 2023 saw a return of the Primary Retreat days, where Primary school children from Year 6from 8 schools attend a day of faith based activities at the centre.
Uptake for activities for 2023 overall has been similar to 2022 with the climbing wall and outside climbing being the most popular. No major capital project happened in 2023, other than general maintenance of the building and replacement and additional outside seating. Additional security was installed with CCTV cameras and an automatic gate and improved signage.
Inspections included Fire Safety, Gas Safety and Food Hygiene all of which did not bring up any major concerns.
We welcomed Simon Cocksedge, a local resident and priest to the management committee as trustee and director in January and said sad farewell to our chair Carol Coslett, who has not yet been replaced. Aidan Giles has been acting chair.
We are indebted to our dedicated Staff Team. We welcomed Alex onto our housekeeping team.
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The Peak Centre at Champion House
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 December 2023
Financial review
Financial Performance
2023 saw a total loss of £25,522, many factors have contributed to this. The income increased but was below budget and expenditure was in line with the budget. Costs include IT spend on replacement of broken down equipment, subscriptions to booking system, ipad for housekeeping staff. Laundry and Energy costs are double last year.
Reserves Policy
To review development and operating plans if it is likely that differences between income and resources expended will lead to net current assets moving outside 30 - 60% of annual resources expended (excluding bursary fund calculations).
Investment Powers
The Trust Deed authorises the trustees to make and hold investments using the general funds of the charity, but no such investments are presently held.
Plans for future periods
The centre was improved significantly during the 15 months closure due to Covid. This significantly reduced the reserves. There are no major development plans for the centre in the near future other than the continual upgrade for compliance with national standards and development of the centre offering. This includes development of activity offerings, transport options, fire protection, health and safety compliance. Bookings are looking positive for 2024.
Going concern
The trustees are confident that income will return to pre-covid levels during the coming year. The Peak Centre has maintained a high level of reserves, this has proved invaluable during the Covid pandemic. Whilst reserves have been depleted they still remain at a level sufficient to enable the centre to be a going concern.
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
The trustees' annual report was approved on 2 September 2024 and signed on behalf of the board of trustees by:
Aidan Giles (Sep 23, 2024 20:20 GMT+1)
A Giles Trustee
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The Peak Centre at Champion House
Company Limited by Guarantee
Independent Examiner's Report to the Trustees of The Peak Centre at Champion House
Year ended 31 December 2023
I report to the trustees on my examination of the financial statements of The Peak Centre at Champion House ('the charity') for the year ended 31 December 2023.
Responsibilities and basis of report
As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements 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 the 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
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 charity as required by section 386 of the 2006 Act; or
-
the financial statements do not accord with those records; or
-
the financial statements 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 financial statements 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.
Stephen Allen ACA FCCA Independent Examiner
Omega Court 364-366 Cemetery Road Sheffield S11 8FT
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The Peak Centre at Champion House
Company Limited by Guarantee
Statement of Financial Activities (including income and expenditure account)
Year ended 31 December 2023
| Year ended 31 December 2023 | ||||
|---|---|---|---|---|
| 2023 | 2022 | |||
| Unrestricted | ||||
| fundsTotal funds | Total funds | |||
| Note | £ |
£ | £ | |
| Income and endowments | ||||
| Donations and legacies | 5 | 100 |
100 | 3,017 |
| Other trading activities | 6 | 143,488 |
143,488 | 133,122 |
| Investment income | 7 | 1,643 |
1,643 | 676 |
| ----------------------------------- | ----------------------------------- | ----------------------------------- | ||
| Total income | 145,231 | 145,231 | 136,815 | |
| =================================== | =================================== | =================================== | ||
| Expenditure | ||||
| Expenditure on charitable activities | 8,9 | 170,753 |
170,753 | 152,225 |
| ----------------------------------- | ----------------------------------- | ----------------------------------- | ||
| Total expenditure | 170,753 | 170,753 | 152,225 | |
| =================================== | =================================== | =================================== | ||
| ----------------------------------- | ----------------------------------- | ----------------------------------- | ||
| Net expenditure and net movement in funds | (25,522) | (25,522) | (15,410) | |
| =================================== | =================================== | =================================== | ||
| Reconciliation of funds | ||||
| Total funds brought forward | 409,715 | 409,715 | 425,125 | |
| ----------------------------------- | ----------------------------------- | ----------------------------------- | ||
| Total funds carried forward | 384,193 | 384,193 | 409,715 | |
| =================================== | =================================== | =================================== |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 9 to 17 form part of these financial statements.
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The Peak Centre at Champion House
Company Limited by Guarantee
Statement of Financial Position
31 December 2023
| 31 December 2023 | |||
|---|---|---|---|
| 2023 | 2022 | ||
| Note | £ | £ | |
| Fixed assets | |||
| Tangible fixed assets | 15 | 307,872 | 321,555 |
| Current assets | |||
| Stocks | 16 | 4,365 | 2,187 |
| Debtors | 17 | 13,158 | 7,143 |
| Cash at bank and in hand | 92,440 | 108,800 | |
| ----------------------------------- | ----------------------------------- | ||
| 109,963 | 118,130 | ||
| Creditors: amounts falling due within one year | 18 | 31,982 | 27,570 |
| ----------------------------------- | ----------------------------------- | ||
| Net current assets | 77,981 | 90,560 | |
| ----------------------------------- | ----------------------------------- | ||
| Total assets less current liabilities | 385,853 | 412,115 | |
| Creditors: amounts falling due after more than one year | 19 | 1,660 | 2,400 |
| ----------------------------------- | ----------------------------------- | ||
| Net assets | 384,193 | 409,715 | |
| =================================== | =================================== | ||
| Funds of the charity | |||
| Unrestricted funds | 384,193 | 409,715 | |
| ----------------------------------- | ----------------------------------- | ||
| Total charity funds | 22 | 384,193 | 409,715 |
| =================================== | =================================== |
For the year ending 31 December 2023 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
The statement of financial position continues on the following page.
The notes on pages 9 to 17 form part of these financial statements.
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The Peak Centre at Champion House
Company Limited by Guarantee
Statement of Financial Position (continued)
31 December 2023
These financial statements were approved by the board of trustees and authorised for issue on 2 September 2024, and are signed on behalf of the board by:
Aidan Giles (Sep 23, 2024 20:20 GMT+1)
A Giles Trustee
The notes on pages 9 to 17 form part of these financial statements.
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The Peak Centre at Champion House
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 31 December 2023
1. General information
The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is The Peak Centre, Champion House, Edale, Hope Valley, S33 7ZA.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Companies Act 2006.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Disclosure exemptions
In line with the Charities SORP (FRS102) Update Bulletin 1, no cash flow statement has been presented for the company.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.
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The Peak Centre at Champion House
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 December 2023
3. Accounting policies (continued)
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
-
income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
-
legacy income is recognised when receipt is probable and entitlement is established.
-
income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
-
income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
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The Peak Centre at Champion House
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 December 2023
3. Accounting policies (continued)
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
-
expenditure on raising funds includes the costs of all fundraising activities, events, noncharitable trading activities, and the sale of donated goods.
-
expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
-
other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
- Freehold property - Straight line over 50, 20 or 15 years Equipment - 25% straight line
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The Peak Centre at Champion House
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 December 2023
3. Accounting policies (continued)
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cashgenerating unit to which the asset belongs.
The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the charity will comply with the conditions attaching to them and the grants will be received.
Where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.
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The Peak Centre at Champion House
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 December 2023
3. Accounting policies (continued)
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. Limited by guarantee
The company is limited by guarantee and as such has no share capital. The members of the company are the trustees whose liability is a maximum of £10 each.
5. Donations and legacies
| Donations and legacies | ||||
|---|---|---|---|---|
| Unrestricted | Total Funds |
Unrestricted | Total Funds | |
| Funds | 2023 |
Funds | 2022 | |
| £ | £ | £ | £ | |
| Donations | ||||
| Donations | 100 | 100 |
350 | 350 |
| Grants | ||||
| Government grant income | – | – |
2,667 | 2,667 |
| --------------- | --------------- | ------------------------- | ------------------------- | |
| 100 | 100 |
3,017 | 3,017 | |
| =============== | =============== | ========================= | ========================= | |
| Other trading activities | ||||
| Unrestricted | Total Funds |
Unrestricted | Total Funds | |
| Funds | 2023 |
Funds | 2022 | |
| £ | £ | £ | £ | |
| Accommodation charges | 125,666 | 125,666 |
115,416 | 115,416 |
| Supplementary charges: Outdoor | ||||
| fees | 14,187 | 14,187 |
14,554 | 14,554 |
| Supplementary charges: Course | ||||
| fees | – | – |
25 | 25 |
| Catering Sales | 3,525 | 3,525 |
2,898 | 2,898 |
| Souvenir Sales | 110 | 110 |
79 | 79 |
| Equipment hire and waterproofs | – | – |
150 | 150 |
| ----------------------------------- | ----------------------------------- | ----------------------------------- | ----------------------------------- | |
| 143,488 | 143,488 |
133,122 | 133,122 | |
| =================================== | =================================== | =================================== | =================================== |
6. Other trading activities
7. Investment income
| nvestment income | ||||
|---|---|---|---|---|
| Unrestricted | Total Funds |
Unrestricted | Total Funds | |
| Funds | 2023 |
Funds | 2022 | |
| £ | £ | £ | £ | |
| Bank interest receivable | 1,643 | 1,643 |
676 | 676 |
| ========================= | ========================= | =============== | =============== |
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The Peak Centre at Champion House
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 December 2023
8. Expenditure on charitable activities by fund type
| Unrestricted | Total Funds |
Unrestricted | Total Funds | |
|---|---|---|---|---|
| Funds | 2023 |
Funds | 2022 | |
| £ | £ | £ | £ | |
| Educational costs | 7,852 | 7,852 |
7,819 | 7,819 |
| Maintenance costs | 26,526 | 26,526 |
26,185 | 26,185 |
| Establishment costs | 57,264 | 57,264 |
52,804 | 52,804 |
| Catering costs | 3,525 | 3,525 |
2,898 | 2,898 |
| Souvenir costs | 100 | 100 |
119 | 119 |
| Support costs | 75,486 | 75,486 |
62,400 | 62,400 |
| ----------------------------------- | ----------------------------------- | ----------------------------------- | ----------------------------------- | |
| 170,753 | 170,753 |
152,225 | 152,225 | |
| =================================== | =================================== | =================================== | =================================== |
9. Expenditure on charitable activities by activity type
| Activities | ||||
|---|---|---|---|---|
| undertaken | Support | Total funds | Total fund | |
| directly | costs | 2023 | 2022 | |
| £ | £ | £ | £ | |
| Educational costs | 7,852 | 73,951 | 81,803 | 68,730 |
| Maintenance costs | 26,526 | – | 26,526 | 26,185 |
| Establishment costs | 57,264 | – | 57,264 | 52,804 |
| Catering costs | 3,525 | – | 3,525 | 2,898 |
| Souvenir costs | 100 | – | 100 | 119 |
| Governance costs | – | 1,535 | 1,535 | 1,489 |
| ------------------------------ | ------------------------------ | ----------------------------------- | ----------------------------------- | |
| 95,267 | 75,486 | 170,753 | 152,225 | |
| ============================== | ============================== | =================================== | =================================== |
10. Analysis of support costs
| Educational | |||
|---|---|---|---|
| costs | Total 2023 | Total 2022 | |
| £ | £ | £ | |
| Staff costs | 47,039 | 47,039 | 41,031 |
| Premises | 1,264 | 1,264 | 454 |
| Communications and IT | 8,886 | 8,886 | 2,226 |
| General office | 539 | 539 | 1,040 |
| Governance costs | 1,534 | 1,534 | 1,489 |
| Other costs | 16,224 | 16,224 | 16,160 |
| ------------------------------ | ------------------------------ | ------------------------------ | |
| 75,486 | 75,486 | 62,400 | |
| ============================== | ============================== | ============================== | |
| Net expenditure | |||
| Net expenditure is stated after charging/(crediting): | |||
| 2023 | 2022 | ||
| £ | £ | ||
| Depreciation of tangible fixed assets | 13,683 | 13,786 | |
| ============================== | ============================== |
11. Net expenditure
Net expenditure is stated after charging/(crediting): Depreciation of tangible fixed assets
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The Peak Centre at Champion House
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 December 2023
12. Independent examination fees
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Fees payable to the independent examiner for: | ||
| Independent examination of the financial statements | 1,534 | 1,489 |
| ========================= | ========================= | |
| Staff costs | ||
| The total staff costs and employee benefits for the reporting period are analysed as follows: | ||
| 2023 | 2022 | |
| £ | £ | |
| Wages and salaries | 47,426 | 42,360 |
| Employer contributions to pension plans | 3,022 | 2,757 |
| Manager’s salary | 28,689 | 27,450 |
| ------------------------------ | ------------------------------ | |
| 79,137 | 72,567 | |
| ============================== | ============================== |
13. Staff costs
| The average head count of employees during the year was 6 (2022: 6). The average | The average head count of employees during the year was 6 (2022: 6). The average | number |
|---|---|---|
| of full-time equivalent employees during the year is analysed as | ||
| follows: | 2023 | 2022 |
| No. | No. | |
| Administration and management staff | 3 | 3 |
| =============== | =============== |
No employee received employee benefits of more than £60,000 during the year (2022: Nil).
14. Trustee remuneration and expenses
No remuneration or other benefits from employment with the charity or a related entity were received by the trustees.
No trustee expenses have been incurred.
15. Tangible fixed assets
| Freehold | |||
|---|---|---|---|
| property | Equipment | Total | |
| £ | £ | £ | |
| Cost | |||
| At 1 Jan 2023 and 31 Dec 2023 | 464,602 | 9,123 | 473,725 |
| =================================== | ========================= | =================================== | |
| Depreciation | |||
| At 1 Jan 2023 | 144,058 | 8,112 | 152,170 |
| Charge for the year | 13,450 | 233 | 13,683 |
| ----------------------------------- | ------------------------- | ----------------------------------- | |
| At 31 Dec 2023 | 157,508 | 8,345 | 165,853 |
| =================================== | ========================= | =================================== | |
| Carrying amount | |||
| At 31 Dec 2023 | 307,094 | 778 | 307,872 |
| =================================== | ========================= | =================================== | |
| At 31 Dec 2022 | 320,544 | 1,011 | 321,555 |
| =================================== | ========================= | =================================== |
- 15 -
The Peak Centre at Champion House
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 December 2023
15. Tangible fixed assets (continued)
Included in freehold property is £40,977 (2022: £40,977) of land which is not depreciated.
16. Stocks
| 2023 | 2022 | ||
|---|---|---|---|
| £ | £ | ||
| Finished goods and goods for resale | 4,365 | 2,187 | |
| ========================= | ========================= | ||
| 17. | Debtors | ||
| 2023 | 2022 | ||
| £ | £ | ||
| Trade debtors | 8,083 | 3,658 | |
| Prepayments and accrued income | 5,075 | 3,485 | |
| ------------------------------ | ------------------------- | ||
| 13,158 | 7,143 | ||
| ============================== | ========================= | ||
| 18. | Creditors: amounts falling due within one year | ||
| 2023 | 2022 | ||
| £ | £ | ||
| Trade creditors | 3,907 | 626 | |
| Social security and other taxes | 1,818 | 2,098 | |
| Other creditors | 26,257 | 24,846 | |
| ------------------------------ | ------------------------------ | ||
| 31,982 | 27,570 | ||
| ============================== | ============================== | ||
| 19. | Creditors: amounts falling due after more than one year | ||
| 2023 | 2022 | ||
| £ | £ | ||
| Other creditors | 1,660 | 2,400 | |
| ========================= | ========================= |
20. Pensions and other post retirement benefits
Defined contribution plans
The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £3,022 (2022: £2,757).
21. Government grants
The amounts recognised in the financial statements for government grants are as follows:
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Recognised in income from donations and legacies: | ||
| Government grants income | – | 2,667 |
| =============== | ========================= |
- 16 -
The Peak Centre at Champion House
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 December 2023
22. Analysis of charitable funds
Unrestricted funds
| Unrestricted funds | |||||
|---|---|---|---|---|---|
| At | At | ||||
| 1 Jan 2023 | Income | Expenditure | 31 | Dec 2023 | |
| £ | £ | £ | £ | ||
| General funds | 409,715 | 145,231 | (170,753) |
384,193 | |
| =================================== | =================================== | =================================== | =================================== | ||
| At | At | ||||
| 1 Jan 2022 | Income | Expenditure | 31 | Dec 2022 | |
| £ | £ | £ | £ | ||
| General funds | 425,125 | 136,815 | (152,225) |
409,715 | |
| =================================== | =================================== | =================================== | =================================== | ||
| Analysis of net assets between funds | |||||
| Unrestricted | Total Funds | ||||
| Funds | 2023 | ||||
| £ | £ | ||||
| Tangible fixed assets | 307,872 | 307,872 | |||
| Current assets | 109,963 | 109,963 | |||
| Creditors less than 1 year | (31,982) | (31,982) | |||
| Creditors greater than 1 year | (1,660) | (1,660) | |||
| ----------------------------------- | ----------------------------------- | ||||
| Net assets | 384,193 | 384,193 | |||
| =================================== | =================================== | ||||
| Unrestricted | Total Funds | ||||
| Funds | 2022 | ||||
| £ | £ | ||||
| Tangible fixed assets | 321,555 | 321,555 | |||
| Current assets | 118,130 | 118,130 | |||
| Creditors less than 1 year | (27,570) | (27,570) | |||
| Creditors greater than 1 year | (2,400) | (2,400) | |||
| ----------------------------------- | ----------------------------------- | ||||
| Net assets | 409,715 | 409,715 | |||
| =================================== | =================================== | ||||
| Financial instruments | |||||
| The carrying amount for each category of financial instrument is as follows: | |||||
| 2023 | 2022 | ||||
| £ | £ | ||||
| Financial assets measured at fair value through income and | expenditure | ||||
| Financial assets measured at fair value through income and | |||||
| expenditure | 417,835 | 439,685 | |||
| =================================== | =================================== | ||||
| Financial liabilities measured at fair value through income and expenditure | |||||
| Financial liabilities measured | at fair value through income and | ||||
| expenditure | 33,642 | 29,970 | |||
| ============================== | ============================== |
23. Analysis of net assets between funds
24. Financial instruments
- 17 -
The Peak Centre at Champion House
Company Limited by Guarantee
Management Information
Year ended 31 December 2023
The following pages do not form part of the financial statements.
- 18 -
The Peak Centre at Champion House
Company Limited by Guarantee
Detailed Statement of Financial Activities
Year ended 31 December 2023
| Year ended 31 December 2023 | ||
|---|---|---|
| 2023 | 2022 | |
| £ | £ | |
| Income and endowments | ||
| Donations and legacies | ||
| Donations | 100 | 350 |
| Government grant income | – | 2,667 |
| --------------- | ------------------------- | |
| 100 | 3,017 | |
| --------------- | ------------------------- | |
| Other trading activities | ||
| Accommodation charges | 125,666 | 115,416 |
| Supplementary charges: Outdoor fees | 14,187 | 14,554 |
| Supplementary charges: Course fees | – | 25 |
| Catering Sales | 3,525 | 2,898 |
| Souvenir Sales | 110 | 79 |
| Equipment hire and waterproofs | – | 150 |
| ----------------------------------- | ----------------------------------- | |
| 143,488 | 133,122 | |
| ----------------------------------- | ----------------------------------- | |
| Investment income | ||
| Bank interest receivable | 1,643 | 676 |
| ------------------------- | --------------- | |
| ----------------------------------- | ----------------------------------- | |
| Total income | 145,231 | 136,815 |
| =================================== | =================================== |
- 19 -
The Peak Centre at Champion House
Company Limited by Guarantee
Detailed Statement of Financial Activities (continued)
Year ended 31 December 2023
| Year ended 31 December 2023 | ||
|---|---|---|
| 2023 | 2022 | |
| £ | £ | |
| Expenditure | ||
| Expenditure on charitable activities | ||
| Purchases | 5,906 | 5,484 |
| Wages and salaries | 47,426 | 42,360 |
| Pension costs | 3,022 | 2,757 |
| Other post-retirement benefits | 28,689 | 27,450 |
| Rates and water | 8,464 | 8,345 |
| Light and heat | 21,734 | 17,035 |
| Repairs and maintenance | 18,591 | 14,148 |
| Insurance | 5,694 | 5,216 |
| Other establishment | 772 | 438 |
| Legal and professional fees | 2,036 | 2,504 |
| Telephone | – | 34 |
| Other office costs | 539 | 1,040 |
| Depreciation | 13,683 | 13,786 |
| Training and courses | 30 | – |
| Consumable stores | 2,684 | 2,357 |
| Laundry | 9,475 | 7,911 |
| Publicity and public relations | 2,008 | 1,360 |
| ----------------------------------- | ----------------------------------- | |
| 170,753 | 152,225 | |
| ----------------------------------- | ----------------------------------- | |
| ----------------------------------- | ----------------------------------- | |
| Total expenditure | 170,753 | 152,225 |
| =================================== | =================================== | |
| ----------------------------------- | ----------------------------------- | |
| Net expenditure | (25,522) | (15,410) |
| =================================== | =================================== |
- 20 -
The Peak Centre at Champion House
Company Limited by Guarantee
Notes to the Detailed Statement of Financial Activities
Year ended 31 December 2023
| Year ended 31 December 2023 | ||
|---|---|---|
| 2023 | 2022 | |
| £ | £ | |
| Expenditure on charitable activities | ||
| Educational costs | ||
| Activities undertaken directly | ||
| Equipment | 2,281 | 2,467 |
| Wages and NI | 5,571 | 5,352 |
| ------------------------- | ------------------------- | |
| 7,852 | 7,819 | |
| ------------------------- | ------------------------- | |
| Support costs | ||
| Wages and NI | 15,329 | 10,823 |
| Pension costs | 3,022 | 2,757 |
| Manager’s salary | 28,689 | 27,450 |
| Office light and heat | 1,264 | 454 |
| Maintenance of office equipment | 8,886 | 2,192 |
| Legal and professional fees | 501 | 1,015 |
| Telephone | – | 34 |
| Other office costs | 539 | 1,040 |
| Depreciation | 13,683 | 13,786 |
| In service training | 30 | – |
| Publicity and public relations | 2,008 | 1,360 |
| ------------------------------ | ------------------------------ | |
| 73,951 | 60,911 | |
| ------------------------------ | ------------------------------ | |
| Maintenance costs | ||
| Activities undertaken directly | ||
| Wages and NI | 26,526 | 26,185 |
| ------------------------------ | ------------------------------ | |
| Establishment costs | ||
| Activities undertaken directly | ||
| Rates and refuse | 8,464 | 8,345 |
| Light and heat | 20,470 | 16,581 |
| Repairs and renewals | 9,705 | 11,956 |
| Insurance | 5,694 | 5,216 |
| Maintenance of grounds | 772 | 438 |
| Consumable stores | 2,684 | 2,357 |
| Laundry | 9,475 | 7,911 |
----------------------------------------------------------57,264 52,804
Carried forward
- 21 -
The Peak Centre at Champion House
Company Limited by Guarantee
Notes to the Detailed Statement of Financial Activities (continued)
Year ended 31 December 2023
| Year ended 31 December 2023 | ||
|---|---|---|
| 2023 | 2022 | |
| £ | £ | |
| Brought forward | 57,264 | 52,804 |
| ------------------------------ | ------------------------------ | |
| 57,264 | 52,804 | |
| ------------------------------ | ------------------------------ | |
| Catering costs | ||
| Activities undertaken directly | ||
| Catering purchases | 3,525 | 2,898 |
| ------------------------- | ------------------------- | |
| Souvenir costs | ||
| Activities undertaken directly | ||
| Souvenir purchases | 100 | 119 |
| --------------- | --------------- | |
| Governance costs | ||
| Independent examination | 1,535 | 1,489 |
| ------------------------- | ------------------------- | |
| ----------------------------------- | ----------------------------------- | |
| Expenditure on charitable activities | 170,753 | 152,225 |
| =================================== | =================================== |
- 22 -
Final full accounts 2023
Final Audit Report
2024-09-23
Created: 2024-09-19 By: Ben acty (manager@peakcentre.org.uk) Status: Signed Transaction ID: CBJCHBCAABAAaLTD5Y_OUOF3MJCajXA1TWV_GYKlYE2O
"Final full accounts 2023" History
Document created by Ben acty (manager@peakcentre.org.uk)
2024-09-19 - 8:38:08 AM GMT- IP address: 157.231.10.220
Document emailed to Aidan Giles (aidangiles@agilesurgical.co.uk) for signature 2024-09-19 - 8:38:13 AM GMT
Email viewed by Aidan Giles (aidangiles@agilesurgical.co.uk) 2024-09-19 - 3:42:33 PM GMT- IP address: 104.28.86.104
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Document e-signed by Aidan Giles (aidangiles@agilesurgical.co.uk) Signature Date: 2024-09-23 - 7:20:01 PM GMT - Time Source: server- IP address: 31.94.28.214
Agreement completed.
2024-09-23 - 7:20:01 PM GMT