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2023-10-31-accounts

Company registration number: 7285867 Charity registration number: 1136915

The Peter Pan Centre Ltd

(A company limited by guarantee)

Annual Report and Financial Statements

for the Year Ended 31 October 2023

Daryl Denson ACMA The Dudson Centre Hope Street Stoke on Trent Staffordshire ST1 5DD

The Peter Pan Centre Ltd

Contents

Impact Report 1 to 2
Reference and Administrative Details 3
Trustees' Report (incorporating the Directors' Report) 4 to 6
Independent Examiner's Report 7
Statement of Financial Activities 8 to 9
Balance Sheet 10 to 11
Notes to the Financial Statements 12 to 28

Impact report November 2022 - October 2023

Our vision

is a world where we give every child their best chance in life.

Our objectives are

Our purpose

is to devote ourselves to life-changing care and education for children with special needs and the support their families deserve.

To provide life-changing care and education for young children with SEND.

Our values

Nurturing, Courageous, Equity, Aspirational, Professional Excellence

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Our story
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The Peter Pan Playgroup for disabled children was established in 1969. The children would play whilst their mums enjoyed a chance to relax and make new friends. In 1992 the playgroup developed into the Peter Pan Nursery, registered with Ofsted and social services, and in 2011, the Peter Pan Nursery moved to its current premises on Hoon Avenue. The nursery rebranded to become the Peter Pan Centre, a specialist development centre for children with Special Educational Needs and Disabilities (SEND), in 2014.

Today, we provide early education and family support at our centre in Newcastle-under-Lyme. Our Family Support & Outreach Service delivers specialist stay and play sessions at two local children’s centres (four from 02/2024), information sessions and social activities for families and formal family support in the home.

"Thank you! You have made an incredible difference to M's development. You are such a friendly and welcoming team. M's time with you was my only respite but I was always safe in the knowledge that he couldn't have been cared for by a more caring, and experienced team. We will miss you so much!" (M's Mum, July 2023)

The Peter Pan Centre Ltd, Hoon Avenue, Newcastle under Lyme ST5 9NY www.thepeterpancentre.co.uk. 01782 715219. info@thepeterpancentre.co.uk Registered charity number 1136914. Registered in England & Wales no. 7285867

Our achievements November 22 - October 23

What our families say

Our team

of our children made progress from their starting points with us

We trained our team in Sensory Smart Sleep Strategies,

"You have given me the strength and support I need to ensure I can fight for what K needs. Without you I would have had no one." (K's mum, July 2023)

respite hours provided

The Peter Pan Centre Ltd

Reference and Administrative Details

Trustees Mr C I Barcroft Mrs D C McVey Mrs S Passmore Mr G C Wilson Mr J Keighery Mrs K Espley Mr C P Farrelly Mrs S McDowell Mrs M Martin Dr M Pearson Secretary Miss S Clarke Senior Management / Ms C Cook Leadership Team Miss S Clarke Charity Registration Number 1136915 Company Registration Number 7285867 The charity is incorporated in England. Registered Office Peter Pan Centre Hoon Avenue Newcastle under Lyme Staffordshire ST5 9NY Independent Examiner Daryl Denson ACMA The Dudson Centre Hope Street Stoke on Trent Staffordshire ST1 5DD Bankers Santander Bridle Road Bootle Merseyside L30 4QB

Page 3

The Peter Pan Centre Ltd

Trustees' Report (incorporating the Directors' Report)

The trustees, who are directors for the purposes of company law, present the annual report together with the financial statements of the charitable company for the year ended 31 October 2023.

Trustees and officers

The trustees and officers serving during the year and since the year end were as follows:

Trustees: Mr C I Barcroft Mrs D C McVey Mrs S Passmore Mr G C Wilson Mr J Keighery Mrs K Espley Mr C P Farrelly Mrs S McDowell Mrs M Martin Dr M Pearson Secretary: Miss S Clarke

Structure, governance and management

The charity is a company limited by guarantee and the governing document is the Memorandum and Articles of Association. There are no specific restrictions imposed by the governing document.

Trustees are appointed to provide support and direction for key areas of the charity’s activities. The Board conduct a skills audit and review at regular intervals to identify any skills gaps and appoints new trustees accordingly. Trustees are required to number a minimum of 3.

All new trustees are given a thorough induction and offered training, where appropriate.

The trustees meet regularly to manage and direct the work of the charity. The charity employs managers who are responsible for the operation of the Centre, fundraising and administration and finance on a day to day basis.

All significant risks are reviewed regularly by the trustees and the management team. Due to the nature of our charity, safeguarding and educational issues are given significant priority.

Page 4

The Peter Pan Centre Ltd

Trustees' Report (incorporating the Directors' Report)

Objectives and activities

The objects are of the charity are to provide educational opportunities for children with special needs of pre-school age.

Within that framework the aims of the charity are:

• To provide exceptional care, support and education to children from birth to age five with a range of additional and special needs such as communication delays, physical delays, hearing and visual impairments, autistic spectrum conditions and medical syndromes and conditions. We will do this through delivering the Early Years Foundation Stage Framework.

• To enable children to make rapid progress in their development with a focus on key life skills such as independence, communication and social skills.

• To support families in meeting the needs of their children, which may include informal family support and advice, training such as communication strategies and sensory strategies, and referral to other services such as health services and children’s services and through delivering community based stay and play sessions.

• To liaise with health and education professionals to ensure consistency and support of care and education, and to support parents/carers through this, securing the right support at the right time.

• To liaise with the relevant local authority, in relevance to the timely statutory assessment of children’s education, health and care needs.

• To plan and support transitions for children and families into their next or additional setting. This may include assisting families to view and choose settings, coordinating transition visits and more.

• To strive for outstanding practice by accessing relevant and specialist training and working with other organisations in the sector.

• To adhere to and promote the Equalities Act, the Children and Families Act, Working Together, and the Special Education Needs Disabilities Code of Practice and other legislation.

• To raise the profile of the Centre as outstanding and inspiring provision for children with special educational needs.

• To raise awareness of the challenges faced by children and adults with disabilities and promote diversity of our community.

Our main activities and whom we try to help are described above. All of our charitable activities focus on the care and education of young children with special educational needs and to provide the parents of such children with support and respite.

Page 5

The Peter Pan Centre Ltd

Trustees' Report (incorporating the Directors' Report)

The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.

Strategic Review

In the light of the changed needs of children and parents in the post pandemic era and the changing local authority and government objectives with regard to children under 5 we are currently reviewing whether the methods by which we deliver our services are still appropriate. Over the next 12-18 months we plan to reorganise our services, as necessary, to ensure that we deliver the most effective training in a sustainable manner.

Achievements and performance

A review of the charitable activities for the year can be found in the Impact Report.

Financial review

Unrestricted free reserves at 31 October 2023 totalled £111,379 (2022: £123,985). We frequently have a 3 to 4 year commitment to children who use our services. Accordingly the Trustees endeavour to maintain sufficient unrestricted free reserves in the charity to provide resources adequate for at least six months uninterrupted services. At 31 October 2023 our free reserves represent around four months of normal expenditure for the Centre. As the setting currently has a 25 year life span the Trustees have deemed it prudent to build a designated Major Works Fund. This currently stands at £35,000.

Small companies provision statement

This report has been prepared in accordance with the small companies regime under the Companies Act 2006.

The annual report was approved by the trustees of the charity on 19th March 2024 and signed on its behalf by:

Colin Barcroft

Colin Barcroft (Mar 20, 2024 12:39 GMT)

Mr C I Barcroft Trustee

Page 6

The Peter Pan Centre Ltd

Independent Examiner's Report to the trustees of The Peter Pan Centre Ltd ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 October 2023.

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 the Company's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of CIMA, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of The Peter Pan Centre Ltd as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view' which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Daryl Denson ACMA The Dudson Centre Hope Street Stoke on Trent Staffordshire ST1 5DD

Date: 20/03/24

Page 7

The Peter Pan Centre Ltd

Statement of Financial Activities for the Year Ended 31 October 2023 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)

Note
Income and Endowments from:
Donations and legacies
3
Charitable activities
4
Other trading activities
5
Investment income
6
Total income
Expenditure on:
Raising funds
7
Charitable activities
8
Total expenditure
Gains/losses on investment assets
Net expenditure
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward
22		 Unrestricted
funds
£
144,900
41,171
19,703
5,836
211,610
(9,855)
(220,885)
(230,740)
(1,982)
(21,112)
(21,112)
168,866
147,754		 Restricted
funds
£
107,773
-
-
-
107,773
-
(130,262)
(130,262)
-
(22,489)
(22,489)
142,668
120,179		 Total
2023
£
252,673
41,171
19,703
5,836
319,383
(9,855)
(351,147)
(361,002)
(1,982)
(43,601)
(43,601)
311,534
267,933

The notes on pages 12 to 28 form an integral part of these financial statements. Page 8

The Peter Pan Centre Ltd

Statement of Financial Activities for the Year Ended 31 October 2023 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)

Note
Income and Endowments from:
Donations and legacies
3
Charitable activities
4
Other trading activities
5
Investment income
6
Total income
Expenditure on:
Raising funds
7
Charitable activities
8
Total expenditure
Gains/losses on investment assets
Net expenditure
Transfers between funds
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward
22		 Unrestricted
funds
£
177,922
44,802
4,155
1,722
228,601
(6,171)
(210,215)
(216,386)
(12,218)
(3)
752
749
168,117
168,866		 Restricted
funds
£
69,621
-
-
-
69,621
-
(80,206)
(80,206)
-
(10,585)
(752)
(11,337)
154,005
142,668		 Total
2022
£
247,543
44,802
4,155
1,722
298,222
(6,171)
(290,421)
(296,592)
(12,218)
(10,588)
-
(10,588)
322,122
311,534

All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2022 is shown in note 22.

The notes on pages 12 to 28 form an integral part of these financial statements. Page 9

The Peter Pan Centre Ltd

(Registration number: 7285867) Balance Sheet as at 31 October 2023

Note
Fixed assets
Tangible assets
16
Investments
17
Current assets
Debtors
18
Cash at bank and in hand
19
Creditors: Amounts falling due within one year
20
Net current assets
Net assets
Funds of the charity:
Restricted income funds
Restricted funds
Unrestricted income funds
Unrestricted funds
Total funds
22		 2023
£
73,381
-
73,381
8,338
235,081
243,419
(48,867)
194,552
267,933
120,179
147,754
267,933		 2022
£
24,465
144,321
168,786
6,328
145,349
151,677
(8,929)
142,748
311,534
142,668
168,866
311,534

For the financial year ending 31 October 2023 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

The notes on pages 12 to 28 form an integral part of these financial statements. Page 10

The Peter Pan Centre Ltd

(Registration number: 7285867) Balance Sheet as at 31 October 2023

The financial statements on pages 8 to 28 were approved by the trustees, and authorised for issue on 19th March 2024 and signed on their behalf by:

Colin Barcroft

Colin Barcroft (Mar 20, 2024 12:39 GMT)

Mr C I Barcroft Trustee

The notes on pages 12 to 28 form an integral part of these financial statements. Page 11

The Peter Pan Centre Ltd

Notes to the Financial Statements for the Year Ended 31 October 2023

1 Charity status

The charity is limited by guarantee, incorporated in England, and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceeding £10 towards the assets of the charity in the event of liquidation.

The registered office and principal place of business is: Peter Pan Centre Hoon Avenue Newcastle under Lyme Staffordshire ST5 9NY

2 Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

The financial statements have been prepared in accordance with 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) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). They also comply with the Companies Act 2006 and Charities Act 2011.

Basis of preparation

The Peter Pan Centre Ltd meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.

Going concern

The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity.

Exemption from preparing a cash flow statement

The charity opted to early adopt Bulletin 1 published on 2 February 2016 and have therefore not included a cash flow statement in these financial statements.

Page 12

The Peter Pan Centre Ltd

Notes to the Financial Statements for the Year Ended 31 October 2023

Income and endowments

All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of the income receivable can be measured reliably.

Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance by the charity before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that these conditions will be fulfilled in the reporting period.

Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released.

Deferred income represents amounts received for future periods and is released to incoming resources in the period for which, it has been received. Such income is only deferred when:

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank. Dividends are recognised once the dividend has been declared and notification has been received of the dividend due.

Expenditure

All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.

These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds.

Page 13

The Peter Pan Centre Ltd

Notes to the Financial Statements for the Year Ended 31 October 2023

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Governance costs

These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including audit, strategic management and trustees meetings and reimbursed expenses.

Government grants

Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.

Taxation

The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

Depreciation and amortisation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class Depreciation method and rate Office Equipment 3 and 4 years straight line Nursery equipment 4 years straight line

Fixed asset investments

Investments are included on the Balance Sheet at market value at the year end. Gains and losses on disposal and revaluation are shown in the Statement of Financial Activities.

Page 14

The Peter Pan Centre Ltd

Notes to the Financial Statements for the Year Ended 31 October 2023

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the charity does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Fund structure

Unrestricted income funds are general funds that are available for use at the trustees discretion in furtherance of the objectives of the charity.

Designated funds are unrestricted funds earmarked by the trustees for particular purposes.

Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.

Pensions and other post retirement obligations

The charity operates a defined contribution pension scheme which is a pension plan under which fixed contributions are paid into a pension fund and the charity has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised in the Statement of Financial Activities when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Page 15

The Peter Pan Centre Ltd

Notes to the Financial Statements for the Year Ended 31 October 2023

Financial instruments

Financial assets and financial liabilities are recognised when the charity becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the charity after deducting all of its liabilities.

All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Financial assets and liabilities are only offset in the statement of financial position when, and only when there exists a legally enforceable right to set off the recognised amounts and the charity intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Financial assets are derecognised when and only when a) the contractual rights to the cash flows from the financial asset expire or are settled, b) the charity transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or c) the charity, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Financial liabilities are derecognised only when the obligation specified in the contract is discharged, cancelled or expires.

Page 16

The Peter Pan Centre Ltd

Notes to the Financial Statements for the Year Ended 31 October 2023

3 Income from donations and legacies

Donations and legacies;
Donations from individuals
Grants, including capital grants;
Government grants
Grants from other charities
Donations and legacies;
Donations from individuals
Grants, including capital grants;
Government grants
Grants from other charities		 Unrestricted
funds
General
£
63,451
1,500
79,949
144,900
Unrestricted
funds
General
£
65,003
5,850
107,069
177,922		 Restricted
funds
£
-
-
107,773
107,773
Restricted
funds
£
-
-
69,621
69,621		 Total
2023
£
63,451
1,500
187,722
252,673
Total
2022
£
65,003
5,850
176,690
247,543

4 Income from charitable activities

Fees
Council Fees
Fees
Council Fees		 Unrestricted
funds
General
£
15,516
25,655
41,171
Unrestricted
funds
General
£
18,900
25,902
44,802		 Total
2023
£
15,516
25,655
41,171
Total
2022
£
18,900
25,902
44,802

Page 17

The Peter Pan Centre Ltd

Notes to the Financial Statements for the Year Ended 31 October 2023

5 Income from other trading activities

Fundraising
Fundraising
6 Investment income
Income from dividends;
Dividends receivable from other listed investments
Interest receivable and similar income;
Interest receivable on bank deposits
Income from dividends;
Dividends receivable from other listed investments
Interest receivable and similar income;
Interest receivable on bank deposits		 Unrestricted
funds
General
£
19,703
19,703
Unrestricted
funds
General
£
4,155
4,155
Unrestricted
funds
General
£
679
5,157
5,836
Unrestricted
funds
General
£
622
1,100
1,722		 Total
2023
£
19,703
19,703
Total
2022
£
4,155
4,155
Total
2023
£
679
5,157
5,836
Total
2022
£
622
1,100
1,722

Page 18

The Peter Pan Centre Ltd

Notes to the Financial Statements for the Year Ended 31 October 2023

7 Expenditure on raising funds

a) Costs of generating donations and legacies

Other direct costs of generating voluntary income
Other direct costs of generating voluntary income		 Unrestricted
funds
General
£
9,855
Unrestricted
funds
General
£
6,171		 Total
2023
£
9,855
Total
2022
£
6,171

8 Expenditure on charitable activities

Staff costs
Staff training and recruitment
Refreshments, small toys & play
Travel and subsistence
Premises costs
Bank charges
Office costs
Professional fees
Depreciation
Independent examiner fees		 Activity
undertaken
directly
£
273,634
3,291
5,617
1,388
21,209
596
17,124
3,634
23,759
895
351,147		 2023
£
273,634
3,291
5,617
1,388
21,209
596
17,124
3,634
23,759
895
351,147		 2022
£
227,456
3,101
3,230
1,771
17,356
543
18,719
2,644
14,731
870
290,421

£220,885 (2022 - £210,215) of the above expenditure was attributable to unrestricted funds and £130,262 (2022 - £80,206) to restricted funds.

Page 19

The Peter Pan Centre Ltd

Notes to the Financial Statements for the Year Ended 31 October 2023

9 Analysis of governance and support costs

Governance costs

Independent examiner fees
Examination of the financial statements
Independent examiner fees
Examination of the financial statements		 Unrestricted
funds
General
£
895
895
Unrestricted
funds
General
£
870
870		 Total
2023
£
895
895
Total
2022
£
870
870

10Government grants

The charity received £1,500 (2022: £5,850) from council grants.

The amount of grants recognised in the financial statements was £1,500 (2022 - £5,850). There were no unfulfilled conditions at the year end.

11Net incoming/outgoing resources

Net (outgoing)/incoming resources for the year include:

Depreciation of fixed assets 2023
£
23,759		 2022
£
14,731

12Trustees remuneration and expenses

No trustees, nor any persons connected with them, have received any remuneration from the charity during the year.

No trustees have received any reimbursed expenses or any other benefits from the charity during the year.

Page 20

The Peter Pan Centre Ltd

Notes to the Financial Statements for the Year Ended 31 October 2023

13Staff costs

The aggregate payroll costs were as follows:

13Staff costs
The aggregate payroll costs were as follows:
Staff costs during the year were:
Wages and salaries
Social security costs
Pension costs		 2023
£
250,320
14,507
8,807
273,634		 2022
£
208,604
11,603
7,249
227,456

The monthly average number of persons (including senior management / leadership team) employed by the charity during the year expressed as full time equivalents was as follows:

Directors (unpaid)
Administration staff
Early Years and support staff		 2023
No
10
2
10
22		 2022
No
10
2
10
22

Contributions to the employee pension schemes for the year totalled £8,807 (2022 - £7,249).

Pension costs are split between restricted and unrestricted expenditure in line with the associated staff salary costs.

No employee received emoluments of more than £60,000 during the year.

The total employee benefits of the key management personnel of the charity were £42,949 (2022 - £40,467).

Page 21

The Peter Pan Centre Ltd

Notes to the Financial Statements for the Year Ended 31 October 2023

14Independent examiner's remuneration

2023 2022
£ £
Examination of the financial statements 895 870

15Taxation

The charity is a registered charity and is therefore exempt from taxation.

16Tangible fixed assets

Cost
At 1 November 2022
Additions
At 31 October 2023
Depreciation
At 1 November 2022
Charge for the year
At 31 October 2023
Net book value
At 31 October 2023
At 31 October 2022		 Land and
buildings
£
2,171
60,260
62,431
-
6,026
6,026
56,405
2,171		 Furniture
and
equipment
£
41,746
3,433
45,179
31,018
6,402
37,420
7,759
10,728		 Nursery
Equipment
£
56,921
8,982
65,903
45,355
11,331
56,686
9,217
11,566		 Total
£
100,838
72,675
173,513
76,373
23,759
100,132
73,381
24,465

Included within the net book value of land and buildings above is £Nil (2022 - £Nil) in respect of freehold land and buildings and £56,405 (2022 - £2,171) in respect of leaseholds.

Page 22

The Peter Pan Centre Ltd

Notes to the Financial Statements for the Year Ended 31 October 2023

17Fixed asset investments

Other investments 2023
£
-		 2022
£
144,321

Other investments

Cost or Valuation
At 1 November 2022
Additions
Disposals
At 31 October 2023
Net book value
At 31 October 2023
At 31 October 2022		 Listed
investments
£
144,321
679
(145,000)
-
-
144,321		 Total
£
144,321
679
(145,000)
-
-
144,321

The market value of the listed investments at 31 October 2023 was £Nil (2022 - £144,321).

18Debtors

18Debtors
Trade debtors
Prepayments
Other debtors		 2023
£
613
4,725
3,000
8,338		 2022
£
808
4,370
1,150
6,328

19Cash and cash equivalents

Cash at bank

2023
£
235,081		 2022
£
145,349

Page 23

The Peter Pan Centre Ltd

Notes to the Financial Statements for the Year Ended 31 October 2023

20Creditors: amounts falling due within one year

20Creditors: amounts falling due within one year
Trade creditors
Other taxation and social security
Accruals
Deferred income
Deferred income at 1 November 2022
Resources deferred in the period
Amounts released from previous periods
Deferred income at year end		 2023
£
686
4,217
1,439
42,525
48,867
2023
£
1,010
42,525
(1,010)
42,525		 2022
£
1,534
4,835
1,550
1,010
8,929
2022
£
1,380
1,010
(1,380)
1,010

Deferred income at the start of the year was council fees received in advance and income for fundraising events which were held until the financial year ended 31 October 2023. Deferred income at the end of the year was the first installment of the National Lottery Community Fund grant which was due to start in the next financial year ended 31 October 2024.

21Pension and other schemes

Defined contribution pension scheme

The charity operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the charity to the scheme and amounted to £8,807 (2022 - £7,249).

Page 24

The Peter Pan Centre Ltd

Notes to the Financial Statements for the Year Ended 31 October 2023

22Funds

Balance
at 1
November
2022
£
Unrestricted funds
General Fund
133,866
Major Works Fund
35,000
Total unrestricted funds
168,866
Restricted funds
BBC Children in Need
-
North Staffordshire
Hospital Children's Trust
88,900
Denise Coates
Foundation
14,931
Fence Club Trust
1,556
The Edward Gostling
Foundation
600
Olwen McPherson Trust
14,250
Boshier Hinton
Foundation
3,586
Foyle Foundation
15,000
The Baily Thomas
Charitable Fund
-
Masonic Charitable Trust
-
Playground Project
-
Other
3,845
Total restricted funds
142,668
Total funds
311,534		 Incoming
resources
£
Resources
expended
£
Transfers
£
Other
recognised
gains/(losses)
£
Balance
at 31
October
2023
£
211,610
(230,740)
-
(1,982)
112,754
-
-
-
-
35,000
211,610
(230,740)
-
(1,982)
147,754
30,000
(30,000)
-
-
-
-
(50,400)
-
-
38,500
-
(9,730)
-
-
5,201
-
(524)
-
-
1,032
-
(500)
-
-
100
-
(1,920)
(7,523)
-
4,807
-
(900)
-
-
2,686
-
-
(15,000)
-
-
10,000
(10,000)
-
-
-
22,067
(11,067)
-
-
11,000
34,058
(5,758)
23,523
-
51,823
11,648
(9,463)
(1,000)
-
5,030
107,773
(130,262)
-
-
120,179
319,383
(361,002)
-
(1,982)
267,933		 Incoming
resources
£
Resources
expended
£
Transfers
£
Other
recognised
gains/(losses)
£
Balance
at 31
October
2023
£
211,610
(230,740)
-
(1,982)
112,754
-
-
-
-
35,000
211,610
(230,740)
-
(1,982)
147,754
30,000
(30,000)
-
-
-
-
(50,400)
-
-
38,500
-
(9,730)
-
-
5,201
-
(524)
-
-
1,032
-
(500)
-
-
100
-
(1,920)
(7,523)
-
4,807
-
(900)
-
-
2,686
-
-
(15,000)
-
-
10,000
(10,000)
-
-
-
22,067
(11,067)
-
-
11,000
34,058
(5,758)
23,523
-
51,823
11,648
(9,463)
(1,000)
-
5,030
107,773
(130,262)
-
-
120,179
319,383
(361,002)
-
(1,982)
267,933
147,754
-
38,500
5,201
1,032
100
4,807
2,686
-
-
11,000
51,823
5,030
120,179
267,933

Page 25

The Peter Pan Centre Ltd

Notes to the Financial Statements for the Year Ended 31 October 2023

Balance
at 1
November
2021
£
Unrestricted funds
General Fund
133,117
Major Works Fund
35,000
Total unrestricted funds
168,117
Restricted
BBC Children in Need
-
North Staffordshire
Hospital Children's Trust
122,800
Denise Coates
Foundation
24,681
Fence Club Trust
2,080
The Edward Gostling
Foundation
1,100
Olwen McPherson Trust
2,065
Boshier Hinton
Foundation
-
Foyle Foundation
-
Other
1,279
Total restricted funds
154,005
Total funds
322,122		 Incoming
resources
£
Resources
expended
£
Transfers
£
Other
recognised
gains/(losses)
£
Balance
at 31
October
2022
£
228,601
(216,386)
752
(12,218)
133,866
-
-
-
-
35,000
228,601
(216,386)
752
(12,218)
168,866
30,500
(30,500)
-
-
-
-
(33,900)
-
-
88,900
-
(9,750)
-
-
14,931
-
(524)
-
-
1,556
-
(500)
-
-
600
12,975
(790)
-
-
14,250
3,586
-
-
-
3,586
15,000
-
-
-
15,000
7,560
(4,242)
(752)
-
3,845
69,621
(80,206)
(752)
-
142,668
298,222
(296,592)
-
(12,218)
311,534		 Incoming
resources
£
Resources
expended
£
Transfers
£
Other
recognised
gains/(losses)
£
Balance
at 31
October
2022
£
228,601
(216,386)
752
(12,218)
133,866
-
-
-
-
35,000
228,601
(216,386)
752
(12,218)
168,866
30,500
(30,500)
-
-
-
-
(33,900)
-
-
88,900
-
(9,750)
-
-
14,931
-
(524)
-
-
1,556
-
(500)
-
-
600
12,975
(790)
-
-
14,250
3,586
-
-
-
3,586
15,000
-
-
-
15,000
7,560
(4,242)
(752)
-
3,845
69,621
(80,206)
(752)
-
142,668
298,222
(296,592)
-
(12,218)
311,534
168,866
-
88,900
14,931
1,556
600
14,250
3,586
15,000
3,845
142,668
311,534

Page 26

The Peter Pan Centre Ltd

Notes to the Financial Statements for the Year Ended 31 October 2023

The specific purposes for which the funds are to be applied are as follows:

Designated Funds

Major Works Fund

For any major works required to the centre building.

Restricted Funds

BBC Children in Need

We received a three year commitment from Children in Need to meet certain specified centre salaries.

The North Staffordshire Hospital Children's Trust

This grant is to cover additional costs (mainly salary) over 3-4 years to enable the centre to increase child numbers by 20-25% and to enhance, where possible, support offered to the parent group.

Denise Coates Foundation

This grant is to fund the installation of an enhanced multisensory room, a hydro therapy spa and to replace and upgrade our current computing systems.

The Fence Club Trust

These grants were to purchase children's equipment and toys.

The Edward Gostling Foundation

This grant is to provide equipment to support the centre's aims.

Olwen McPherson Trust

These grants were to purchase children's equipment and toys.

Boshier Hinton Foundation

To fund the purchase of a fold down changing bed for our disabled toilet.

Foyle Foundation

To assist the funding of a new outdoor/education area.

Other funds

Includes restricted grants and donations, individually under £5,000, which cover the purchase of small capital items or specific centre costs.

Baily Thomas Charitable Fund/Masonic Charitable Trust

These grants were to support specific nursery centre staff costs.

Playground Project

A number of grants were received to fund the creation of a new outdoor play/education area. These included the Olwen McPherson Trust, The Foyle Foundation, The Denise Coates Foundation and a number of other funders who donated £5,000 or less.

The transfers within restricted funds amalgamate the Playground Project funding into one fund.

Page 27

The Peter Pan Centre Ltd

Notes to the Financial Statements for the Year Ended 31 October 2023

23Analysis of net assets between funds

Tangible fixed assets
Current assets
Current liabilities
Total net assets
Tangible fixed assets
Fixed asset investments
Current assets
Current liabilities
Total net assets		 Unrestricted funds
General
£
Designated
£
1,375
-
119,971
35,000
(8,592)
-
112,754
35,000
Unrestricted funds
General
£
Designated
£
9,881
-
-
35,000
132,914
-
(8,929)
-
133,866
35,000		 Restricted
funds
£
72,006
88,448
(40,275)
120,179
Restricted
funds
£
14,584
109,321
18,763
-
142,668		 Total funds
at 31
October
2023
£
73,381
243,419
(48,867)
267,933
Total funds
at 31
October
2022
£
24,465
144,321
151,677
(8,929)
311,534

24Related party transactions

The aggregate total of donations received from trustees and related parties in the period was £11,050 (2022: £10,850).

Page 28

2024-03-20

2 Peter Pan Accounts for Signing

Final Audit Report

Created: 2024-03-20 By: VAST Accounts (accounts@vast.org.uk) Status: Signed Transaction ID: CBJCHBCAABAAQaitdqkGQysReroPR1VzAk6KAHuaJsl1

"2 Peter Pan Accounts for Signing" History

Document created by VAST Accounts (accounts@vast.org.uk)

2024-03-20 - 12:36:15 PM GMT- IP address: 195.62.193.126

Document emailed to Colin Barcroft (barcroftci@gmail.com) for signature

2024-03-20 - 12:36:24 PM GMT

Document emailed to Daryl Denson (daryl.denson@vast.org.uk) for signature

2024-03-20 - 12:36:24 PM GMT

Email viewed by Colin Barcroft (barcroftci@gmail.com)

2024-03-20 - 12:38:15 PM GMT- IP address: 172.224.227.21

Document e-signed by Colin Barcroft (barcroftci@gmail.com)

Signature Date: 2024-03-20 - 12:39:27 PM GMT - Time Source: server- IP address: 217.39.104.23

Email viewed by Daryl Denson (daryl.denson@vast.org.uk)

2024-03-20 - 1:21:20 PM GMT- IP address: 195.62.193.126

Signer Daryl Denson (daryl.denson@vast.org.uk) entered name at signing as Daryl Denson

2024-03-20 - 1:23:22 PM GMT- IP address: 195.62.193.126

Document e-signed by Daryl Denson (daryl.denson@vast.org.uk)

Signature Date: 2024-03-20 - 1:23:24 PM GMT - Time Source: server- IP address: 195.62.193.126

Agreement completed.

2024-03-20 - 1:23:24 PM GMT