Compony registration nutnLEr. 7285887 Chanty gistratiOn number. 1136915 The Peter Pan Centre Ltd IA ryynpany fvntied by guarantsè) Annual RÈport and FInCId Statements for the Year Ended 31 Ocacthr 2021 Da D8nson AC The DJ$On Centre He Street Stokè on Trent staffordshi ST1 5DD
The Peter Pan Centre Ltd Contents R$f¥ron¢e and AdrninistratNe Detai15 Chairman's Report 2to3 Twstees, Report {in¢xwabng the Directors Report) 4t06 Indèwd8rit Examin8¢s Report Slaternent of Finanriaj Ath"e$ 8t09 Balance Sheet 10 Note5 to thg Fwhgno?I Statements 111026
The Peter Pan Centre Ltd Reference and Administrative Details Trustee# tr C l Barcmft Mrs D C M¢Vey Mts S Passmoro Mr G C WIL8on Mr J Keighery Mrs K Esy (was Bostodtl Mr C P Farr81y Mrs S McDoEII Mt5 M FrEmartin S•erètary * C l Barcroft Senior Managomontl Le•der4hip C Cook {from 1 May 20211 Team Mts S MCDLWII (until 1 May 2021) S Clae Charlty Reglstratlon Nurnber 1136915 Company R•g18tration Nurnr 7285867 charty is incotPK)Taled ITr Englan Pèt•r Pan Centre Hoon Avenue New¢aslEe under L st3ffortshir• sr5 9NY Regi¥tèrèd Olfi¢• Indtyèndent Examln•r Daryl Denson ACMA TIE Dud50n Centre Hope Street Stoke on Trenl staffordshire ST1 50D Bankern SantaThJ Bridb Road Merseysth L30 4QB Page 1
Tho Peter Pan Centre Ltd Chaimian's Report for the Year Ended 31 October 2021 I pleased to be ab to report that dewte the COVID pandem& botween Novernr 2020 and October 2021 we have been able to stay fully open and ddiver our sefvicAs as nom)al. This is tsstament both to good planning but principalty to the efforts and wmmTifnents of our stsff. Remaining fully tspen. wh&n oth8r services ha been severety r8dud or stopped altoJethèr, has uitKI for the health. wellbèing and development of children and shows just how vital our ser¥ics8 arè for Ihe famil$ of thiklren with 5FEcial educab.onal needs. Withoui us, some familEs woubj have had no support at all. During the acad1¢ year September 2020 - August 2021 support1 114 childten wth weekly, or weekly, tailor&1 Education, ca and Devdownent sessKJns at our purpoTrbuilt Cèntre. Childrn are usually c¥ed for on a 1..2 cAre ratio, aVhough this newj depetht and scmne thildren recaw• 1..1 care. In totsl, elivered 3.552 sessions affording 8.880 $SYte hours acro85 th8 year. We also 5uCce&sfY undertook the restrucaumNJ of management team folltrwing lh& departure of th8 Centre Manager (Sarah McDowelD in April 2021. 8nd sgamlessty filled all posts from within the existiThJ team. The Trustee Board delegaigs day-lo-day management of op&rations of the charity to Chf Executive Cather1r Cook. Wilh a background in management and fundrai%tvJ, Cathènne has personal eXperiern of our servict. with (y•m lived experiencE as a parent ol a chiba SFwial educationa ne&Ys. Sadie Clarkè Is our Centre Mana9eT, directty managing the seNc2 dèfv•ry and the Eaty Years team. Sarah m¢Dell has joinad the Board ol Trustees, an indlI0n ol commthntlD the Chartty and ts ongoing deveioprnant. 2020r21 has posad some chalew finanualty, with ts pandemic reducing iryyividual and communty fundraising incom8 unbl tt)e latter part of Ihe year, and organwl fundraising evenis almost impossible to arrange until 18Strictions eased However. wrtt thanks in parwlar to grant and trust fvnders. inclLKling the ongoing support Ofchildn in Need and GarfEld Weslon. eThledthg y8ar in a bmadty break-even pon. We stsrt 2021122 in a finanGialty sound position. svith a plan lo exte1 our SLJPPOrt Io mOTe children aTrY families through the delIry of outreach wotk. with the apwin¢ment of a Famity Support Worker. This ]11 enabbe us to $POrt farn11 who Lannot at the mrynent accass Petw Pan Centre and PTwde strL>clured leaming foi thefr children. The dernand lor our seNce is higher Ih8n éver. and local professional services report a big increasè in both rEferrals and the number Cf children wilh need5 requiriry supwt Tr inibal fe8db8¢ from bDth parents aTr profelOn11 services for this str8t8gy has been eX1re POSAtNe. In surnmer 2021, 98tsLgished our new vlOn. Purp aThJ Value statnts, whith underpin our n8w strategy.. OUT Vision is a world wh8r8 w& give every dwldthgffrbesf clrance in lrfe., Our Purpose Is to devot& oursefv8S to We-changmg care and gdu¢èlion for chlidren wth specA81 n88ds and the support Éheirf8mili&s d8serye.' (r Valu88 explain What stsnd foT arvJ what bdieve in.. Aspirabonal- We are ospirats.onal aThY have high expaetatKons for in our comtnunity. put chikyren at heart of everyMing we do and ¢srate the indivhjualty ofev8ry chim. Nurtijring - We car9fv11y nurture each of our thldrèn, supportiro them arKI Ih8ir famils through their earfiost year8. in preparati for their next stops in lrfe. Courageous- We li3len to, understsnd and resp8Lt 8varybody in our cx)mrnunLty. We akvay5 do the right thsng ftrr evgry child, no matterwhat PK)fessional &xcellfftè- We are commtt8d lo detNering ihe hpt stsrn18rds of Fxofessional exln2 forthè children and famlies serve. Equity- We tharnpim equity of oppcwlunty for all. wrt and share Wt prti. with a w#Jg range Df othèr servico prowders so that ery chikl gains Ihe SUFWt thby need to thrive. Pagè 2
The Peter Pan Centre Ltd Chaim)an's Reportfor the Year Ended 31 October 2021 Thè New Year is an exotirrfJ b.me for us aThJ 8re sure our stratY fUrtr enhanc• our impact and ability to make a p0sVe dIf[eren to the chiklren arvJ lamilEs serw. Ne&Jess to say, this rannot happen without the continuing efforts of our Staff. vcAun¢eers arKI trvsiees an(1 the ongoing byal bad(iry ol our wpportejs and danors. Many thanks ¢0 you all. Mr G C Wdson Chaim)an a1 Tiitstse Page 3
The Peter Pan Centre Ltd Trustees. Report (Incorporatlng the Dlrectors. Report) trustees, who are directors for the puw6es of cMpanY law. present the annual rep)rt together with the fin8neial statam6nts ofthe d)antabk company for tha ygaranded 31 Ocie4)er2021. Trust88s and offic• Tha trusteas and officers serwng duriro the yearand Sin the year were as fdlows". Truste8s'. C l Barcroft Mrs D C Mcvey Mrs S Passmore Mr G C Wdson Mr J Kebjh K E5pley Iw85 Bostod(I C P FanEIIy Mrs S m) lar4)ointed 1 May 20211 Mrs M FrIeatn lappoinled 30 June 21T211 Secretary.. Mr C l Barcroft 8 April 20211 Mts S MLQ¢II {EswJrlI 7 April 2021} sIrlUre, govornanco and management Nature of govgmlng document The charity Is a company limw by guarantee and the goveming ¢Jocument is ihe Memorand7 and Arbdes of As50C5ation. There are no specfft ie5tricti5 imposed by the goveming (bcument R•cmItm8ntandappolntmtOfj tm$1$ Trustees are appointed to provide swjport and diieclion for key areas of ts charity's a¢tiwti8s. Th8 Board coThJuct a skills audit and remew at regular Inter1$ to wJentsfy any skilts gaps and ats new tnjstees aceordiThJty. Trustèes ar• r8quireO to number a minimum of 3. InducÉTon and tralning of trvstees All new trustees are given a Ihorough indu(ion aNI offered trainiTrJ. where ar4)rcpriate. Oryantsallonalstsuctur• The trustees meet regulaty to manage and direct tr work ofthe cknarity. The charity employs managers who are responsible for the opèratiort of th& Contre. fundpa&r¥J and adm1nl5ttaffi. and on a day to day basis. Majorrisks AJI significAnt risks are reved rÈgulxriy by the truslees arKI rn8nagnt team. Due to Ihe nature of Dur charity, safeguardiThJ and educational issues are giw sonrfKant prilty. Page 4
The Peter Pan Centre Ltd Trustees. Report (incorporating the Director8, Report) Obiecliv•s and a¢tlvlti Objects and alms The obJ8cts are of the ¢harrty A to proTrNle educational oppttIn1t@S for thihjren wlh Smal needs of pre-school age. Wthin that fraMrt( the ams ofthe chanty are" . To provide excgptional ca, support and education to chmren Iro¥n birth to a98 fvè a rawe of addItnal and special needs su& as communicalioll delays. physical delays, heanro and SU81 ImpaimientS. 8uti5tic spectrurn condib.ons and rnedl syTrarune5 and corldtbons. IAt 11 do this throtyjh delivering thè Eady Years FoLmdaticm Stage Framework . To enable chfidrén lo make pwress in tsir devW6nt with a knus on key life sknlls such as in¢lepen¢knce. communi<xtion a1 swal 5kilL%. . To support famI"e$ In meeting the needs of thr thiklren. th5s may incknlg iwjformal famity sw)port and advice, trainiNJ such as Communicat str8tegiès aThJ sensory Strateg$. and referral to othet servi$ such as Hom• Stsrt. health serwces and chiren'$ servi(x. • To liaise with health and &juCAti profOnaL8 to Su[e consisten¢y and support of a coordinated pad(ag8. . To liaise with the r8knnt local aUTity. in releVar to the statutory as585sment ol thiidrgn's education, and carg need5. To plan and support transib.ons for chikli8n aT¥J famLlw inlo their naxt or additional setting, this may induda assisb'ng famaies to wew and choose seth"ng5, coordinab"w tranSth $ts and more. Our plan5 are afvays flexible ¥h children's aveT<angirffJ r. . To strivè ftsr outstanding practi at the Centrè by acteSSi reknnt and speciabst tratning and working with other organisats.ons in the sertor. . To adhèrè to and promote the Equalrfles ACL th• Chihjfen and FarniltesW Workww Togattr, and the S1& Educabon Needs Disabi&bes Cod& ol Practice and 0th8r . To raise the profile ofts Centre as outstsrKling and in5piriry provi0 for thildrenwith swial reds. . To roise awareness of the ChaIng&S faced by chilJrgn and adulis vAlh disabildj.ès and yomots dwsity ol our rwbrnunity. Publk benefft Our main adivities and who try to help are d8scribed a)ove. All of our charrtable xty"vities focus on the car8 and educatiorh ofyoung children speod and to the parenls of such children with support and resFMte. The trustees confirm that they have complied th thè rUllements of seL*on 17 of the Charitigs Act 2011 to havé due regard to th8 puLgic benefitguwJanTr pubtssw by thè Charity Commission for EnglaThJ arKY Walgs. Aehlovemonts and p•rfomian¢8 A fftvmv of the chantable activth8s Ihe year can be Youj ift the Chairnans ReporL Flnan¢ial roview The rgsults for the yeai arè set wt on pag9 8 and shouhj be read in conjunction with th8 Chaitman's Report. Page S
The Peter Pan Centre Ltd Trustees, Report (incorporating tho Directors. Report) Policyon rewTh8s Unrastiicted free reseNes at 31 Othber 2021 tgtalknj £126.865 12020." £104.8631. Wg frequenuy have a 3 to 4 year commitMt to childran who use our Serv and 3Te seelung to apFX)int a Family Support Worker to begin to deliver outreath work. in aldibon to enhancing the support avail1ae to our éxisting f8milw. Thk8 will involv8 athyib.onal c051s and luThlraising vthith th• cantr• is depent upon to exst AKordingty the Trustees endèavour to [nainn $uffi(3ent Unl¢d free reserves in the charty to prwde resou$ adequate for at ast six month5 uninterrupted seMcè5. At 31 October 2021 we have not yet achieved this. As the setts.ng Eurrenty has a 25 year life span thè Trustees have deemed It prudent to build a designated MajorWork5 FuThJ. This currentty stsnds at £3SOLK) having been adjusled by a furthèr £5,0 durirg this year. lrnportant nonvadlu$tln9 events aftor the finan¢ial p•rfod The trustees adIn0edge that the unprelented un(wtainty cauwj by COVltk19 an¢Y fapwjty changing TWrnStan¢es mean that judgements and esthates reovired by manag8rnent are more ¢haDeNJiw than under nom)al ¢¢r¢uMStanS. The trustses have given duo regarf to the incJpase¢ wessure on incom8 streams brought aboul by the pandemic. The ¢ash and lnvestsnts availab at 31 October 2021 couplgd with the grant and don"on incorne already commrtted to the Centre mean that the w"rKJ basi8 remains appropriate fDr th8 preparation ofthese awounts. Small eompanl#s provision staternont This report has bEèn prepared in aCcOrdaTh with small pan regllme ut¥Jei c¢¥npan Act 2(. and swne(l on rts behalf by. Mr G C Wilso Chairman and Trustse Page 6
The Peter Pan Centre Ltd Independent Examinerfs Report to the trustees of The Peter Pan Centre Ltd ('Ihe Company") I roport to the tharity trv5tees on my examinab.on of th8 a(xounts of the Ccmpany for the year éndad 31 O¢tobèr 2021. R•gpon$ibilitte$ and basls of reFrt As tha chariiy'5 trustees of the Company laJMI also its dir1r¥ for ts purposes of company lawl you 8ie responsiblo tr the preparation of the accounts in 8ccowdanrE wih the wu1retrts of the Compani85 Ad 2006 I'the 2006 Arfl. Han9 satisffied myself that th8 ac<wnts of Tr Peter Pan C)b• Ltd are not reqrA to be audited under Part 16 of the 2$ Act and are eligible tr iThYependent eXnInatiOn. I rEport in respect of my examination of your arity's accounts as came¢ out undw section 145 of the Charities Act 20111'th8 2011 Act'l. In carrying Dut my examination I have fol(rwed the OiTedions givgn by the Charity commiss under section 1451Sllbl ofthe 2011 Act Independent examln•r's stat•m•nt I have wmpleled my examinati. I cc¥)firm thal no mallers have to my attention in connacbon wth the exam1rtIOn gimng me cause to belBve'. 1. a¢Unting CordS Ere not kept in ra¥)gd of The Pew Pan Cw)tre Ltd as lequira by s6ction 386 of th& 2Ci16 A¢ or 2. the accounts do not accord th Ihose records: or 3. the Unts do nol comply wth the aCtl)un.ng wuiraments of serjion 396 of the 2Cth Act other than ony requirerrent that tt)6 accounts gN8 8 'tr arxl 'r whKti is not a matt•r considered as part of an independent eXnInatIOn. or 4. the accounts have not In in ac1xYdan wth the meth(xJ5 and prinLypI85 Qf the Statement of Recommen¢J8d Pracbea lor ac)Untirj and repOrtsr by thariiies lapplicable to charitEs preparing their accounts in accordan with the Financial Reporting S18 8ppIthI? in the UK and Republic of Iieland IFRS 10211. I have no ConMS a1 have cc¥ne across no other matt6rs in (x)nnecbon with the examination to which attenf*Jn sk1 be dfawn in this report in order to enabl8 a pr0UrKIer8tsndITrj ol the actou¢ts to b& raathed. Daryl on ACMA The Duds¢n Cgntre Hope Slreet Stuke on Twt Sl8fford¥hirg ST1 SDD Date.. 0310212022 Page 7
The Peter Pan Centre Ltd statement of Financial Activities for the Year Ended 31 October 2021 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses) Unrestrkw Restrscteil lund¥ funds Total 2021 Incomo and Endowmonts Irom: Donations and legac3 Charitable a¢bvits"es othértrading artNit In¥Estment incCe 143.838 41.471 45,727 189,565 47,471 985 1,626 1,626 Total inccme 187,¥20 45.727 233,647 Expenditur8 on: Raising funds Charitable activitie¥ 16.410) 1166.560} 16.4101 251.148 84,588 Total expendthre GairOSseS on investment 85sets (172,970) 15.r {84.5881 {257,5581 15,002 Net income1lexpdlture} 29,952 38.881 8,909 Net movemarrt in fund5 {3&861) 18,9091 Reconclll3tlon of lunds Total funds brought for4V8rd 138.165 192.886 331,031 Total funds carriÈd forward 168,117 154.005 322.122 The rK)tes on pag95 1110 26 form an integral partof thèsa financial statements. Page 8
The Peter Pan Centre Ltd statement of Financial Activities for the Year Ended 31 October 2021 (Including Income and Expendituro Account and Statement of Total Recognised Gains and Losses) Unr•strkt•d funds RICt0d fvnds Total 2020 In¢ome and Endowmonts from: Donations and legacies Charitsble actimties Other tradiThJ activitses Investm8nt Income 150.(133 26.682 20.123 2.189 68,246 218,249 26,682 20,123 2,189 Total ¢0& 198,997 e8.246 267,243 Expendltur• on: Rasing funds Charitablè actwities 113,0561 1171,450 113.0561 241,380 69.930 Total gxp8Hditure GainsAoss&s inve8tm8nt ass•ts 1184.5061 10.751 169.9301 1254.4361 10,751 Net incomel{eynditure) 3.740 1.684 1056 Net movement fund5 3.740 {1.6841 R•¢onclllatlon of fuwKIs Total funds brought l¢)fward 134.425 194,550 328,975 Total funds carried forward 138.165 192.866 331,031 All ofthe cl5 4¢lMbes derwe fffmn o)nty"nuing cET80n5 durirvJ tha al)ov6 tsvo period& Thè funds breakdwn for 2020 is sho+m in note 22. Th9 notes pages 11 to 26 form an intsgral part ofth*se ffinarKial statemgnts. PwJg 9
The Petsr Pan Centre Ltd (Registration numbor: 7285867) Balance Sheet as at 31 October 2021 2021 2020 Flxed aet8 Tangible assèts Investsnènts 16 17 31.142 155,917 34,552 90,029 124,581 187,059 Current Debtors Ch at bank and in hand 18 19 3.478 139.320 8.300 206.175 142,798 214,475 Crtdltors: Amounts falllng due wrlhin one >ar 20 7,7351 8.025 Net current assots 135,063 206,450 Nèt a$s•ts 322.122 331.031 Funds of the charfty: Restriet•d In¢ome fund$ Restricted funds 154.005 192,866 Unrostrlctsd incomefunds Unrestrict8d funds 168.117 138,1S5 TotalYund6 322.122 331.D31 For the ffinanaal year dIng 31 Octobèr 2021 the dnty vms enbued to exempbon from audit under seCtn 477 olthe Cornpankes Act21K6 la.g to small ccnpany Oirector3' rg$ponSibif.es.. The men4Rr3 hava ntst QuIred dlIty to obtsin an aLNJit of ts accounts for the ye8T in question in accordancewhth section 476", and The dIOr acknow* their responsibilities forcomth"NJ vrith the requirements otthe 1th re5Peet to actounting records and tho prnparation of accounts. TIse accounts havts been wep31 in accordancè wilh the pro¥isions aptAirable trj rxxnpaniès subject to the small companies rogime. ncial statamènts on pages 8 to 26 were approved by the trustees and aulhorisad for issue on . and grned on Ihèirb•half by. Mr C l Barcr Company tary and Trustee Mr G C Wilson Chaitfnan and Trustee notes on pages 11 to 26 form an integral part of finanaal statements. P&J8 10
The Peter Pan Centre Ltd Notes to the Financial Statements for the Year Ended 31 October 2021 I Charfty status Thè ehanty is h'mited by guaran. itKYNPLKated in EngL2nd, and ronsequentty dS not l¥ave share capitsl. Each of the trustoes is liable to contsit)ute an amount rK)t exceeding £1 towards the assets of tha charity in the event of liquidation. registered office and prip plac6 of business is.. Peter P8n Géntre Hoon Avenue Newcas9 under Lytne staffordshire ST5 gNY 2 Aceountlng poll¢le$ Swnmary of Slgnlficant a¢¢ountlng policm and key accoundng eslimate¥ The prinapal accountin9 policies app4ied in the preparat of these fina81 stat•mw)ts are set out bebw. Thesg policEs have been consistentty appligd to all theyears wesented. unkn otheise statgj. Statement of cornpliantè The financial statements have been prepared in 8rdancE Accounling and RepDrtiro by Charitias." ststsmenl Df Recomrnend8d practi applicablo to charities preparing thèir aecounts in accordan wAlh the Fin8nual Reporting Stsndard 8ppkcable in the UK and Republic of Ireiarxl IFRS 1021 (effèctive 1 January 20191- (Charities SORP IFRS 10211. the Finan(#al ReportiThJ StatKlaid applicab in the UK and Republ of Ire18nd IFRS 102}. They also comply the Cotnpanw Art 20{ and ChaTth&8Act 2011. Basi$ of preparatlon The Petar Pan Centre Ltd meets the defini of a tnefit tity MIer FRS 101 Assets al liabilth.es are initially recognised at historical cost or traarAl valu8 unkss Irt1[Se stabj in the levant a{Unting policy notes. Gn concern The trustses consider that the are no material uncèrtainth"•s about the charivs abib'ty lo ntinue as a going eonctm nor any signfftant areas of uncwtainty that affett the G4rrying vakn of assets held by the charity. Exemption from preparing a cash flow statement The charty opted to adopt Bullets"n 1 PLtt)lished on 2 February 2016 and have tsrgfore not i1)duded a cash flow statement in th8se finwal ststemenls. In¢ome and endowmgnts Al inctsme is recA)gnised onts the charity has enbtknnent to the incorne. it is probablè that the income wll be r[ed and th6 amount ofthe inc(e (xn i measured 1iabty. Donatlons and I4¢1•$ Donth"ons are recognisl then Ihe cl)arity has notif in wribrvJ ofboth tt)e *nount aThJ sethement date. In the 8vènt that a donation is subj'ect to ci)t¥Jttw)ns that wuire a of perforrnancè by the charity before the charity is entiued to the fu1$, the income LS defett8d and not recognised unb"l either those conditions arè fully met, or the fulfilrn8nt of those condtbons is vknity wilhin lh9 control of tha chaiity and il is probable that these conditions wll bo fUlfild in the reporbng rAti(NJ. Page11
The Peter Pan Centre Ltd Notes to the Financial Statements for the Year Ended 31 October 2021 Grnnts rte•hf•blè Grants are r8¢oJnised when the charity ha5 an entitlement to the tuThJs and any condibons link8d to the grants have been met vVhe perfomiance Cond"0n$ arE aitached to ts grant and are yet to be rneL the income Is recognised as a Iiabilrty and Included on Ihe balarKe sheet a5 deferred inccne to be released. D¢fertr¥d Income Deferred income reprnts amourrts r8c8i%Ed for future periods and is reed to inmIa SoUrC2S in thè period forwhith, rt has been re(Hved. Such inccxne is onty deferrgl Vth.. - The donor spgryfies that the grant or donation must onty be uwj in fijture )UnIng periods.. or - The donor has Imkwd condrtions which must be met LEf8 the tharrty has urojndthnal entitlement. InYesthig1rf Income Interest on fvnds held on deptss.rt is ilUj vth•n reWa>[e amount Can be measured liabfy by the charity, this is norrnalty upon notficAtion ol the intwest pa.j or payable by the bank. Orwdands aro r¢¢ogni8ed oncg the divKlend h&5 been dedar•d and Tr)tificaon has been r8d ofth8 divkleThl due. Expenditure All expenditlire is wognised once there ts a legal or CLsnstruclivè oblvJatityn to th evJ[re, IE is proba& settlement is rUlTed and thè amtyjnt can be m8a8ured reliably. All Costs a aloCaj lo the applicaLle expenditur8 heading that aggregate similar costs to that category. Where costs cannot b8 d1r8cUy attributed to particular headings they have been allocated on a basis consistènt th8 use of resour, wilh ntral staff costs allocated C the basis ol time spent: and d•pmciabon charges 81kYAted on the porb.on of asset's Use. other support costs ar8 allocated based on th8 spread of siaff costs. Ralslny funds These are costs incurred in attractirvJ voluntary ino)me, Ihe managemetrt of investmants and those inwrred in tradin9 activtties that raise furKIs. Charittible acivvits'es Chantable expenditure corrtprises those costs incurrvd by Ihe thanty in the (INery of its a¢tivthos and seNces for its be[fiCIar1e$. It Inrjudes both costs Ihat can be all¢xated dirts(aty to sueh 8ctiVttS and those costs of an indirèct nare nec•ssary to supportthgm. Govemance costs These Indude the costs attributable to the ¢hariVs Complian wilh constrtutional and statutory requiroments. Including audil, strategi¢ management and tru5tee5'5 meetings arKI teimtyjrsed expenses. Government grants Govemment gt8nts are r8cogni58d based on fv accnjal mcxld and are measurad at Ihg frdir valuè of the 859el rec81V8d or r8(1v3b18. Grants are classified as relatTrro eitllr to VenUe or to asséls. Grants relati to revenu are recognised in income over the pèriod in whith th8 related costs ar8 rewgnised. Grants relating to assets arè recognisEd over the expected useful lite of the asset part of a grarrt relatitvJ lo an asset is dèfèrrèd, rf( i8 rQgnised as defgrr&l income. TaxaOn Tha charity is considarèd to pass tha tèsts set out in Paragraph 1 schedu 6 of the Finan Act 2010 and thereft(e it meets the definition of a charitsts company for UK corpfftts" tax purp05e5. Accordingly. the charity is potentialty exempt fr( taxation in respect of income or caprtal gains reiVed within categories covered by Chapkr 3 P8rt 11 ofthe CorpoTation Tax Ad 2010 or Section 256 ofthe Taxab"on DtChargoab Gains Act 1992. to th8exterht that su(h in¢e orgains a exdusivety to charitatAe wrpow. PJ• 12
The Peter Pan Centre Ltd Notes to the Financial Statements for the Year Ended 31 October 2021 Depreciation and amorti$allon Depreciation is provided on tangl) fix&1 assets 50 85 to write off the o)st or v81uakn"on, less any estimatèd residual value, over their exr us•lul economi¢ Its as fLqIows". A$s•t cla$$ Office Equ¥)ment Nursery equipm8nt Depreciallon method and rats 4 years Straht lin8 4 yeaT5 strawJht line x•d a86t Investments Investments are included on the Balant Sh88t at market valug at Ihe year end. Gains and ljssas on dSaI and waluation aro sh¢)wn inthg Ststemwrt of Financial Actiwlies. Tyade dgbtoys Trade debtors are amounts due frorn customars for merdwndise sold OT seMc6s performed In the ordinary course of bu51ness. Trade debtors ara rcognised inthally atth8 transaction pri. They ar8 suLEequentty measur1 at amorb.sed cost Using the effective intèrest methlyj. less prO510n for impaim)ent. A prowl5n for the Impairment of tradè debtors is estsb115hed when there is ttyth.ve ewdence that Ihe chlty wll not be abk8 to Co1Ct all amounts due according to tha original te$ ofthe reNable$. Cash and ¢a$h equivalgr Cash and cash equNalents compnse cash on hand 8nd call (kFKists. and Olher short4em highly liquid investments that are leIllY eonvetiknle to a known arrrfjunt of cash aTrJ are $ubi8Ct to an insignificant risk of arvje in value. Trade cr8dltors Trad8 creditors a obltIonS to pay for gorKJs or thal have been acquirad in the ordinary course of busine3s from suppliers. Accounts payable are classified as Djttènt liabilib.es if the charrty does not have an unconditional righ( atthe end of the r8POttitu period, to defersettiem&nt of the ueditor lor al least twelve months aftér the reportiTrJ date. If there is an UnconditiclI rKJht to defer settthent for at lèast Iwefve rnonth5 after the reporting data, Ihey a presented as rent knabl1. Trnds creditOTS are recognised inibalty at thè transadion wice and subsequenlly measu1 81 am0Sed cost using (he eifective intere51 method. Fund Structure Unrestricted incom• luThJs are general (und5 that are Wallab for usa at the tnjstees disctetion in furthèran of th8 objectives ofthe tharity. Designated funds a unrestsicted funds eamiarkJ by Ihe trust985 foT pattiDJlar purpDses. Restricted incwe funds aTe those dc*Ated for use in a partiLJJlar or foT spwfic purposes. the use of which ts restricted to that area or purpose. e13
The Peter Pan Centre Ltd Notes to the Financial Statements for the Year Ended 31 October 2021 Penslons and other post rètit•m•nt obliyatlon$ charity operates s defined contritrtrtion rRnsion scheme whi( k% a perts)n plan und8r vthiLI) ft< Contributio aro paid into a pens fund the charty has no kgal or C$tiVe obbJation to pay furth6r IxntribLrtions even if thg fiJJ doe5 not hold suffiuent assets to pay al èmployees the ben&fts ie18ty.ng lo employee Serv in kne current and prior pariods. Contributions to defined contribUtn plans are rerA)gnis8d in Ststernt of Financial Aclivth"e5 when they are d. Ifcontribuhon p8yrnants exceed the C1)bl)u0n due for serwitr, Ihe exc is recognifed a$ o pr0paym6nt. Flnancial Inslnjments Financigl assets and financial liJilitss arg recognised when chanty beCS 8 Party to esjntractual prowsions of instrument Fir81 liabiffties and equity irhstruments aJe dassffi&l to thè Substa ol the contractual arrangements entEd into. An equity inslnjrnantis sny contracithat eviyences a r85KIu81 interest in the assets of the charty 0ft9rdeducbng ajl of its liabile R•cogni¢ioJJ andmeasurement Al financial assets and Iiatmlits are inrtsaty measured at tr8nsacbon prKe (Indlir9 transaclion costs), èxcèpt for thosè financial assets da&sified 85 at fr Val through profft or10ss. whith are initi.ally rneasUd at fair value {whi¢h is norrnally th& transactw price gxduding transaction costsl. unless the arranmOnt constitutes a financing transadK)n. If an arraThaent clytrtrrts a finanang transacti. the finanual asset or finanaal liability is maasur&J at the present walue of the futvre payments disry)untèd st a marf(et rate of interest for a simklar debt in8trwnent Financ4al assets and liabilitEs aTe onty offset in the staternent of finanual PDsibon when. and only when there exists a legalty enforb rightto sèt off the recognised amounts and the charity intènds either to Sett on a ngt basis, or to realise the asset aThJ setue the liability SimullarU5ty. Farla1 assets are de[eCryni Y4h6n and onty vthen al the fA)ntraLtual rights to the cash flows from the finanual asset expire or are setded. b) thg charty transfers to another party substantially all of the risks and rewards of ownership of Iha financial assel, or cl the charity. (ksprte having taIned some, but not all. 5vJntficanl risks and iewards orowTshlp. has transferred contrd ofthe assetto another party. Finanaal liabilrbès are detewnLwI onwhen the olAvJats"on specafed in the contra0* is dK%charged, Canlled or expirès. P•Je 14
The Peter Pan Centre Ltd Notes to the Financial Statements for the Year Ended 31 October 2021 3 Income frnm donatlons and lega¢los Unroslricted lund8 Gèneral Rostrlctsd lund6 Total 2021 D(atiOnS and18gao Donab"or6 from Indiidu Grants, indlIJ Capit granls. Govérnment 9rants Grants from othertharit 62,270 62,270 3.188 78.380 3.188 124.107 45.727 143.838 45.727 189,$65 Unrestrlcted funds General Restricted fund$ Total 2020 Don'ons and legacies., Donations from inOivNJuals Grants. including iapital grants., Gov6mmentgrants Grants from otheT Char?5 62.372 62,372 37,523 50,108 37,523 118,354 68,245 150.CXJ3 68.246 218,249 4 Income from ¢haiitati actlvilr Unr•strtctsd funds Gengral Total 2021 Fees Counal Fees 15,590 25,881 15.5>? 25,881 41.471 41,471 Unrestricl•d lunds General Total 2020 7.443 19,239 Counal Fees 19,239 26,682 26.682 Page 15
The Peter Pan Centre Ltd Notes to the Financial Statements for the Year Ended 31 October 2021 S Income from oth•r tsadlng aetlvltlès Unrnstrict•d fvnds Ganoral Tolal 2021 Lwal fundrai&ng and street o)Ilection incom8 985 985 funds General Total 2020 Lo&91 fvndraising ar street cx)lection ino)me 20,123 20,123 20.123 20.123 6 Inv•stm•nt intom• fvnds G•nèral Totsl 2021 11Km& fmm diwidènd5". DidendS recEivable from otherlisted itwestsnents Intèr8St réc81vable and similar income". Interest receivab on bank dws 886 740 740 1,826 1,626 Unmtricted funds General Total 2020 Incom& from divKl&nds", Diwdends rei¥e from ottrw listed inv&stmants Interest rtceivable 8nd simiiarin¢orne: Interest re1¥able on bank d8wsts 2.189 2,189 Page 16
The Peter Pan Centre Ltd Notes to the Financial Statements for the Year Ended 31 October 2021 7 Expenditur• on rnlsing funds a) Costs ol goneratlng donatlons and Igyacles Unrestrlcted funds General Total 2021 Other direct costs of9erTats.ng voluntsry incomè 6.410 6.410 Unrestricted Totsl 2020 Gen&ral othgrdiroct costs of genetatitu voluntary inCLKne 13.056 13,056 8 Expendlture on charitable adi¥ii undertaken dlrecuy 2021 2020 Staff costs staff training and recnjttrnent Refreshrnents. small toys & play Travel and subs¥stanes 192.547 2.144 3.194 932 192.547 2.144 3,194 932 192,320 527 3,927 220 r Ilj Promises ¢05t5 Bank charg* Office costs Professional fee5 Depreciation Independent examiner fees 14,702 14.702 504 18.605 4,524 13,166 830 12,920 502 16 892 2,332 10.940 81XJ 18.605 4.524 13.166 830 251.148 251,148 241.380 £166,5SD12020- £171,4601 of thè 8bov• w)aThJrtur• was attrt)utaNo to unrèstsicted funds and £84,58812020 - £69,9301 to TestrKaed funds. Pag6 17
The Peter Pan Centre Ltd Notes to the Financial Statements for the Year Ended 31 October 2021 9 Analy818 ol governance and support $ts Goveman¢e Unre$trl¢ted fund5 General Total 2021 IndÈpendentexaminèr f Examination of thè financial stat•ments 830 830 830 830 Unrnstrlct•d funds Ggngral Total 2020 Indapend•nt &xaminerf8•s Examination of the finanoal statgments 800 8QO 800 10 Governrnent grants The charty reeAved £3.188 (£29.575} from the Coronawru5 Job Rettion SCe. charity reiVed £nil 12020. £7,948) from the National Lottery Communfty FurKI to 5urvort the charivs acbwtE$ t1uring the COVID-19 pandemic. Tho amount ofgrants reo)gnised in thefinawal slatements was £3,18812020-£37.5231. Therewere no unfulfilled o)nditions at the year trnd. 11 Ngt in¢omlngloutgolng vg8ourrns Net (outgoivinC0mIng resources for the year i1Je.. 20 2020 Deprecialon oftt<ed assets 13,166 10,940 12 Trust•è# rèmuneration and expenses No twste85, nor any persons nnected wth tt*m, have reeèv8d any romuneration from the tharity during the year. No trustees have r8ed any reimburwy eypenses or any other bonaffts from chpTty duriry year. Page18
The Pater Pan Centre Ltd Notes to the Financial Statements for the Year Ended 31 October 2021 13 Staff costs aggrégatè payroll (x)5ts as foDcths'. 2021 2020 Staff ¢osts durTrng the yearVe. Wages and salariès ial s8¢urity costs PSlan costs 178,250 8,299 5,998 178,258 8,163 5,899 192.547 192.32D The rnonthty average number of persons (Includiro senior manag*wl I leaderslup team) employed by tha charity cjuring the year expressed as ft1 time equivalents was as fol. 2021 2020 No Directors lunpaidl Administrth"on and superwscry staff Nursery Stsff 19 18 Ctsntribubons to Ihe ernployee Fenshx) sclErnes forthg year total1 £5.9981202CI- £5.899}. Pension costs are W"t between ieslricled and unrestn.cted axw(hture in lir¢ wlh the assoc4ated stsff Salary No employee reraved ndUments of more than £60.0(M) during thè year. The total ernOyee benefils ofthe key manag&mÈnt personnel of the tha[ityEre £62.16512020- £60,344). Pag8 19
The Peter Pan Centre Ltd Notes to the Financial Statements for the Year Ended 31 October 2021 14 Indèp•ndont examlngrf8 remuneration 2021 2020 ExaminatK)n ofthg finants81 statwnts 830 800 15 Taxatlon The Charty is a wistered charity and 15 trelOre exempt from taxaln. 16 Tanglble fixed sets Land and bulkllng5 Furn•ture and oqulpment Nurs•ry Equipment C06t At 1 November 2020 2,171 83,028 9,756 4.095 5,661 Al 31 O¢lDbgr 2Q21 2,171 34.563 56,050 92.784 Depreciation At l November2020 Chargè fixthè yèar 21,487 26.989 9.281 48,476 13.166 Al 31 Othber2021 25,372 36.270 61.$42 Net book vak At 31 O&oLw 2021 2.171 9.191 19.780 31.142 At 31 odo1 2020 2.171 8.981 23.400 34.552 Indud8d within thè net book of land and Imjikliros above is £Nil12020- £NII in respect of freehold land and buildings £2.171 {21r20-£2.1711 in respect of thseholds. P¥20
The Peter Pan Centre Ltd Notes to the Financial Statemonts for the Year Ended 31 October 2021 17 Flxed asset inv•sfmonts 2021 2020 Otharlnvestments 155.917 ),029 Other Investm&nts Inv•stments Tofal C08t or Valuatlon Al 1 November 2020 Revaluation Addition8 90,029 15,C(12 50,886 .029 15,002 50,886 At 31 Octobsr 2Q121 155,917 155,917 N•t l)ook valu? Ai 31 ocl0bw221 155,917 155,917 Al 310ctober 2020 ,029 90.029 market valu6 of listed invesbnents at 31 Octthr 2021 was £155.91712020- £90,029}. The inv8slm8nts comprise 55510.488 unts in ts Castterk1 Real Relum FurKI In 18 Débtors 2021 2020 Trade debtor5 Ptepayments other debtors 128 2.500 850 5,850 3.478 8.300 19 CaBh and ea#h •qulvalonts 2021 2020 Cash at bank 139.320 206,175 Page 21
The Peter Pan Centre Ltd Notes to the Financial Ststements for the Year Ended 31 October 2021 20 Crodltors- arnounis falllnq within on• y•ar 2021 2020 Trade editOrS othertaxation and $o¢ial seojnty Accruals D8ferTed inccn8 1.145 889 3.506 1,600 2.030 2.250 1.380 7.735 8.025 2020 20 Deferred incornè at 1 No¥ber2020 Re50urc8s deferred in the period Amounts rsloased from pmious peri(Mls 2,030 1,000 1,6501 3,490 2,030 3,490 Defe¥red I[Me at year end 2,030 21 P¢n8lon and oth•r Khemg¥ D8finod contrfbu¢ion nsIOn Khem The chaiity operates a defined contribub.on nSIOn scheme. The pension (x)st charge for the year r¢psents contribubc$ payable by the c*anty to Ihe sth8TThè and amounted to £5.998 {2020- £5,899). Page 22
The Petsr Pan Centro Ltd Notos to the Financial Statsments for the Year Ended 31 October 2021 22 Funds Balanc• al Balan¢0 at Othèr 31 November Incoming R•source• re¢ognlsed Octob•r 2020 resources èxpÈnd¢d Tran*f•tsgalnslllo8sg81 2021 Unr8strletsd fund$ G•neral Geller Fund 108.165 187.920 (172.9701 I5.0> 15,002 133,117 Designat•d MajorWork5 Fun Total unrestrlcted funds 35.0(X) 138.165 187,920 172.970 15.1)02 168.117 Restrietèd fund¥ BBC Chikyren in N88d North Stsfft)rdshire Hospitsl ChihJren'$ Trust Den15e Coates Fou1a.0n The EthaTd GosUirvJ Foundation The jUa ar¥J Hans Rausi Trust ONven McPherson Trust F8rn Club Trust The Bally Thomas Charitable Fund Other 130,(KK¢I 142.( 31.681 (19,2) 17.(Kl)I 122.80D 24.681 15001 1,100 16.3[ {16,3[) 11,0581 {5241 3,123 2,065 2,08LI io.c (10,LX)O} 1,279 1,279 Total r•strlctsd funds 192,866 45.727 84.5881 154,5 Total fund¥ 331,031 233.S47 257,5581 15,W2 322.122 Page 23
The Petsr Pan Centre Ltd Noles to the Financial Statements for the Year Ended 31 October 2021 Balan¢¢at Balancè at Other 31 Novernbor In¢oming Resources recoghlsad O¢iober 2019 rB#ou •xpendgd Trnn51ersgalnslllosse81 2020 Unr•strlcted funds GeneTrl GeMral Fund 109.425 198.997 1184.5C61 15.(th1 {10,7511 108,165 De$lgnated Major Woths FurKJ 25,( 5.000 30.OOD Total unrtrIcted funds 134.425 184,5(} 10.7511 138,165 Rgstrlcted BBC Chiklren in Need North Staffordshire Hosprt Children's Trust Denise Coatès Foundation Thè E¢thNaTd Gostling Foundation The John Hornirnan Children'5 Trust The Julia and Hans R8usirKJ Trust St James's Place charie Foundation Thè Community Foundation for Staffordshir? Other 32.7( {32,700} 150,OCKJ 41.171 18.IM)01 19.4901 142,000 31.681 2,1] (5(X)I 1.600 13,500} 19.LM (2,7(Xll 16.306 1Q.(KX) {lo,Cl 2,040 12,0401 1,LVX>I 1.279 1.279 Total rastrictèd fvnds 194,550 68.246 69.9301 192,866 Total funds 328.975 287.243 254.436 10.751 331.031 Py24
The Peter Pan Centre Ltd Notes to the Financial Statements for the Year Ended 31 October 2021 Th9 sFwffic purpo80s lorwhKth the fvrM15 areto be appkn3 aTa as fd1(V.. Designated FuThJs Major Works Fund For any major works requiTed to the ¢xntrg buikjing. Reslrided Funds BBC Childrgrb in Need re1Ve a thre8 yèar commilment from chikjn in Nggd to meet cethn sffied eéntre salarie$. The funding tun5 until October 2022. Mulb sensorythlovts Fund Thi% fund covers the deweciation aThJ rnaInienan of equiwnant acquir at the lime of move to tho new ¢tre building. The North Staffordshire Hospital Chldren's Trust ThB grant Is to cover the addib.onal cA)sts Imainty salaryl overthe rxt >4 years to en#tAe the centr8 to incrèasa chikl numbers by 225 and to enhance. whwe possttl. the suppwt offe[] to the parent gr¢JUP. Dènise Coatss Foundabon This giant Is to fund th8 Instalation of an enhaThd muib'58nsiMy ioc¥n. a hydro therapy spa and to repl and upgrade our (yjffent ¢ompub"rvJ systems. Edward Gosuing Foundation This grant ts to promde 8quipment to sw)ortttE treS aims. St James's Plac Charitsble FoundatsDn, The John Homiman ChIrS Trust, Tr Julia and Hans Rausing TNst, The Community FourKlation for Staffoidshire aThY The B8ityThc#nas charitab FountSation all made grants to h81p (%)vèr the salary [t5 ofthe ntre. Ohvén M¢Pherson Trust l Fen Club Trust These grants were to purchase (*ildren's equiwn8nt and loy& OtrIndS Indudes restrirted grants and donabons. ind7ualty under £2,5(Kl, whth o)ver the purthase of small ¢apit81 items or spEcific centre costs. Page 25
The Peter Pan Centre Ltd Notos to the Flnancial Statements for the Year Ended 31 Qctobor 2021 23 Anal1# of neta88ets bolween lund8 Total fvnd$ at 31 October 2021 Unr•strlct•d funds G•neral Ol9nat0d Re6tr1ct funds Tangible ft%ed assets Fixed asset inveslments Current assels Current liabiliti?s 6.252 24,890 120,917 8.198 31,142 155.917 142,798 7,735 134.600 .735 Tatal nèt assets 133.117 35.IXKI 154.005 322,122 Total fvnds at 31 Oetob8r 2020 Unrestrlctsd funds GOal Deslgnat•d Rg¥trictsd fvnds Tangible fixed assèts Fixed asset invesknents Current assets Currént 118bilitS 31,250 60.029 101,587 34.552 ,029 214.475 8,025 111888 8.025) Totsl net assets 108,165 192.866 331.031 24 R•lat•d party tAnsa¢tions The aggieg8te totsl of donabons receNed from trust8es relatgj path in thg poriod ¥Yas £1,58612020: £20.6311. 25 Non-adjusllng èv8nts atter the finan¢lal p•rlod Tho trusteès 8cknowle&J8 that the uryrecethntwj uncartaiThty caused by COMD-19 and rapidly changing arcumslanoes mean that ltyjgnts and 8stimates requi1 by Tnanagern8nt are more challenging than under normal circumstances. Th6 trustees have giyen due ward to increased pressu on income streams brought about by the paThknic. The rash and inves1mts av8aabl8 at 31 October 2021 cow wth the grant and donation incorng 81rgady committed to the Contr8 rn88n that Ihe going COnM basi5 remain5 appropnato foi the preparation of these accounts. Pagg 26