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 2024 Daryl Denson ACMA VAsr The Dudson Centre Hope Street Stoke on Trent ri 5DD
The Peter Pan Centre Ltd Contents Impact Report Ito2 Reference and Administrative Details Tru5tees' Report (incorporating the Directors, Report) 4t07 Independent Examiner's Report statement of Financlal Activltles 9tolO Balance Sheet iito12 Notes to the Financial Statements 13to30
Impact report November 2023 - October 2024 Our vision is a world where we give every child their best chance in life. Our purpose is to devote ourselves to life-changing care and education for children with special needs and the support their families deserve. Our objectives are To provide life-changing care and education for young children with SEND. To deliver tailored support, at the right time, for the whole family. To strengthen trusted partnerships and collaborations. To deliver sustainable growth. Our aims: To celebrate every child's achievements through tailored education and care. To develop children's core life skills. To develop children's independence and consequently their school preparedness. To reduce parent carer anxieties around school transitions. To increase families skill and conf idence to support their child's development at home. To improve families conf idence to access their local community. To reduce families isolation. |li¥19lV Our story 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 five convenient locations, information sessions and social activities for families and formal family support in the home. "Tlank y,, for 9lVln Rano us or I .1 Ikal supporled ker lo Ikrive kapFiI . Y ou ken Ikere was none. save 7rX ww.thepeterpancentre.co.uk. 01782 715219. info@thepeterpancentre.co.uk egistered charity number 1136914. Registered in Englond & Wales no. 7285867 Ofsted L"
102 children supported with one or two weekly Education, Care & Development sessions 488, families supported with weekly specialist Stay and Play sessions 54. families supported through the Education, Health and Care Plan process families supported with school transitions: J 19 to specialist schools; 10 to mainstream; I to mainstream nursery; 8 deferred entries 16 . parent carers attended training courses on sleep, f irst aid and Makaton ] 4,. children supported through mediation and tribunals for EHCPS What our families say Well-being and development improved significantly for all children, particularly in the areas of communication skills, physical skills and independence. Increased conf idence supporting their child at home was reported by IOOOA of the families whose children left our centre for school in August 24. IOOYO of the families we supported with school transitions reported reduced anxiety about their child starting school compared to before the transition process. 920/0 of these families reported increased resilience to face the challenges ahead. IOOO/o of the families attending our Stay and Play sessions reported feelin less isolated. Families celebrate their children more and feel more positive about their child's futures. Parent carer peer-to-peer support is particularly valuable as they share experiences and get advice from each other in a safe, non-judgmental environment. 06) Oo of our children made progress from their starting points with us Other key achievements Our centre waitlist peaked at 70 children but we reduced this Significantly. We continue to secure funding from Trusts and Foundations, local businesses, individuals and community groups as well as run events and campaigns. We held our second Graduation celebration for children leaving to start their journey at school. Our monthly family fun sessions at our centre in Newcastle under Lyme have grown in popularity; parent carer socials have also now been launched. We have supported increasing numbers of local college and university students with placements and work experience opportunities. ove eiY] experiences makes me realise i ,Ll, I, f,,1 norma I, .,Ik ,Iker paren ei s,a J skarin bad parenl - il s go IA gk Ik k.11,, 7800 s Yio OQA respite hours provided j I Ihal all parenl, ,f disabl,J chilJ us ren ro(A ese c es.
The Peter Pan Centre Ltd Reference and Administrative Details Trustees Mr C I Barcroft, Chair Miss M Owen, Treasurer Mrs D C Mcvey Mrs K Espley Mr C P Farrelly Mrs S McDowell Mrs M Martin Dr M Pearson Secretary Miss S Clarke Senior Management I Leadership Team Ms C Cook Miss S Clarke Charity Registration Number 1136915 Company Registration Number7285867 The charity is incorporated in England. Peter Pan Centre Hoon Avenue Newcastle under Lyme staffordshire 59NY Registered Office Independent Examiner Daryl Denson ACMA VAST The Dudson Centre Hope Street stoke on Trent 15DD 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 direttors for the purposes of company law, present the annual report together with the financial statements and auditors, report of the charitable company for the year ended 31 Ottober 2024. Trustees and officers The trustees and officers serving during the year and since the year end were as follows: Trustees: Mr C I Barcroft, Chair Miss M Owen, Treasurer (appolnted 18 June 2024) Mrs D C Mcvey Mrs S Passmore (resigned 3 December 2024) Mr G C Wilson (resigned 18 June 2024) Mr J Keighery (resigned 10 Detrmber 2024) Mrs K Espley Mr C P Farrelly Mrs S McDowell Mrs M Martin Dr M Pearson Secretary: Miss S Clarke Structurei governance and management Nature ofgoverning document 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. Recrultment andappointment of trustses Trustees are appointed to provide support and direction for key areas of the charity's attivities. 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. Indurtlon and training of trustees All new trustees are given a thorough induction and offered training, where appropriate. Organisational structure The trustee5 meet regularly to manage and dirett 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. Page 4
The Peter Pan Centre Ltd Trustees. Report (incorporating the Directors, Report) Major risks 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. Objectives and activities Objetts andaims The objects are of the charity are to provide educational opportunities for children with speclal 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 wlth a range of additlonal and special needs such as communlcation 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 soaal skills. To support families in meeting the needs of thelr chlldren, which may include Informal famlly support and advlce, tralning 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 5es5ions. To Ilaise with health and education professionals to ensure consistency and support of care and education, and to support parentslcarers 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 settlng. This may include asslsting 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 Need5 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. Page 5
The Peter Pan Centre Ltd Trustees, Report (incorporating the Directors, Report) Public benefit 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. The trustees confirm that they have complied with the requirements of section 17 of the Charities Art 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales. Strategic Review In light of the changes in the needs of chIldn and parents in the post pandemic era and the changing local authority and government objectives with regard to our children, the board has recenfjy undertaken a strategic review of our existing services. Nationally, both the early years and SEND sectors are underfunded, and both staff costs (due to increases in the living wage) and operating costs have increased. Demand for our help continues to rise, and we operate a waiting list for places at our specialist nursery. Our famlly support projett helps both the centre and families on the waiting list, and beyond, with specialist stay and play sessions, social activities, training sessions and formal, tailored support, to ensure as many children as possible can benefit from our support. The Peter Pan Centre 15 heavily reliant on fundralslng to cover its operating costs, with fees and early year's education funding accounting at present for only around 15 % of our income. The charity cannot provide the high level of service It does without the generous support of grant and trust funders and our local community. The charity has a strong record for Increasing Income, delivering value and cost-effective services. From April 2024, the government began to expand state-funded childcare. By September 2025, eligible working parents of children from 9 months to school age will be enlitled to 30 hours of government- funded childcare a week. As the funding we receive per child from our local authority only covers around 150/0 of the cost of a place, and in light of all the above, the Board has reviewed our se55ional offer to children. Following consultation with parent carers and other stakeholders, and after assessing need, they Board has determined to trial a 15-hour early education offer, alongside our existing sessional offer, from September 2025. By delivering a mixed offer, we can make an even bigger difference to children's lives as soon as possible, whether that be through Stay and Play sessions, family support, education sessions or assessment for a 15-hour placement. A mixed offer, accessing statutory funding, will also underpin our financial sustainability for the long-term, alongside Peter Pan's suctrssful, wider fund-raising efforts. Page 6
The Peter Pan Centre Ltd Trustees, Report (incorporating the Directors, Report) Achievements and performance Financial review We reali5ed a deficit for the financial year of around £43,000, but this was after planned spending of £31,000, raised in previous years and held within restricted reserves, on the new family support projett. We also took a depreciation charge on fixed assets, again charged to restricted reserves, of some £12,000. Overall, the result was broadly In Ilne with our budget. During the year, we have been successful In belng awarded three multi-year grants, which all run through to at least the end of 2026, which help underpin our sustainability. Fundraising remains strong, particularly from grants and trusts, and outperformed last year, with Peter Pan's contribution to the education and wellbeing of children with special needs being widely recognised by our generous benefattors, partners and contributors from the wider community. Policy on reserves Unrestritted free reserves at 31 October 2024 totalled £88,856 (2023: £112,754). We frequently have a 3 to 4 year commitment to children who use our services. Accordingly the Trustees endeavour to malntaln sufficient unrestricted free reserves in the charity to provide resources adequate for at least six months uninterrupted services. At 31 October 2024 our free reserves represent around 4.5 months of nomal expenditure for the Centre, after taking account of committed funds from a number of trusts. As the setting currently has a 25 year life span the Trustees have deemed it prudent to build a designated Major Works Fund. Thls currently stands at £35,000. Small companies provision statement This report has been prepared in accordance with the small companles reglme under the Companles Act 2006. The annual report was approved by the trustees of the charlty on behalf by: nd slgned on Its Mr C l Barcroft Chairman an stee Page 7
The Peter Pan Centre Ltd Independent Examiner's Report to the trustees of The Peter Pan Centre Ltd ('the Company,) report to the charity trustees on my examination of the accounts of the Company for the year ended 31 October 2024. Responsibilities and basis of report As the charity's trustees of the Company (and also its directors for the purposes of company law) you re responsible for the preparation of the accounts in accordan with the requirements of the Companies Act 2006 Cthe 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 respett of my examination of your charity's accounts a5 carried out under section 145 of the Charities Act 2011 Cthe 2011 Act). In carrying out my examination I have followed the Direction5 given by the Charity Commission under sectlon 145(5)(b) of the 2011 Act. Independent examiner's statement Since the Company's gross income exceeded £250,000 your examSner must be a member of a body listed in settlor) 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because l am a member of CIMA, which is one of the listed bodies. I have completed my examlnatlon. I conflrm that no matters have come to my attention in connettlon with the examination giving me cause to believe.. l. accounting records were not kept in respett of The Peter Pan Centre Ltd as requlred 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 prlnclples of the Statement of Recommended Practice for accounting and reporting by charitles [applicable to charities preparing their accounts in accordance with the Financial Reportlng Standard applicable in the UK and Republic of Ireland (FRS 102)]. I have no COnrnS 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 be reached. Daryl Denson ACMA VAST The Dudson Centre Hope Street Stoke on Trent STI 5DD io's Page 8
The Peter Pan Centre Ltd ststement of Financial Artivities for the Year Ended 31 Ortober 2024 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses) Unrestricted Restricted funds funds Total 2024 Note Income and Endowments from: Donations and legacies Charitable activities Other trading activities Investment income 143,725 45,515 24,093 120,728 264,453 45,515 24,093 Total Income 223 657 120 728 Expenditure on: Raising funds Charitable activities (11,791) 235 764 (11,791) 375 411 139 647 Total expenditure 247 555 139 647 387 202 Net expenditure Net movement in funds (23,898) (18,919) (42,817) Reconciliation of funds Totsl funds brought forward 147 754 120 179 267 933 Totsl funds carrled fomard 22 123 856 101260 225 116 The notes on pages 13 to 30 form an integral part of these financial statements. Page 9
The Peter Pan Centre Ltd statement of Financial Activities for the Year Ended 31 October 2024 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses) Unrestricted funds Restricted funds Total 2023 Note Income and Endowments from: Donations and legacies Charitable activities Other trading activities Investment income 144,900 41,171 19,703 107,773 252,673 41,171 19,703 Total income 211610 107 773 319 383 Expenditure on: Raising funds Charitable activities (9,855) 220 885 (9,855) 351147 130 262 Total expenditure Gainsllosses on investment assets (230,740) (130,262) (361,002) Net expenditure Net movement In funds (21,112) (22,489) (43,601) Reconciliation of funds Total funds brought forward 168 866 142 668 311534 Total funds carried forward 22 147 754 120 179 267 933 All of the charity's activities derive from continuing operations during the above tNo periods. The funds breakdown for 2023 is shown in note 22. The notes on pages 13 to 30 form an integral part of these financial statements. Page 10
The Peter Pan Centre Ltd (Registration number: 7285867) Balance Sheet as at 31 October 2024 2024 2023 Note Fixed assets Tangible assets Investments 16 77,162 73,381 17 128 338 Current assets Debtors Cash at bank and in hand 18 19 8,290 171905 8,338 235 081 180,195 243,419 Creditors: Amounts falling due within one year 20 Net current assets 194 552 Net assets 225 116 267 933 Funds of the charity: Restricted income funds Restricted funds 101,260 120,179 Unrestricted income funds Unrestricted funds 123 856 147 754 Total funds 22 225 116 267 933 For the financial year ending 31 October 2024 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 charity to obtain an audit of its accounts for the year in question in accordance with section 476. and The directors acknowledge their responsibilities for complying wlth the requirements of the Act with respect to accounting records and the preparation of accounts. 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 13 to 30 form an integral part of these financial statements. Page 11
The Peter Pan Centre Ltd (Registration number: 7285867) Balance Sheet as at 31 October 2024 e finan ial tatements on pages 9 to 30 were approved by the trustees, and authorised for issue on and signed on their behalf by.. Mr C l Barcroft Chairman an vLLCLLNwty Miss M Owen Trustee The notes on pages 13 to 30 form an integral part of these financial statements. Page 12
The Peter Pan Centre Ltd Notes to the Financial Statements for the Year Ended 31 October 2024 I Charity status The charity 15 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 offiTr and principal place of business is: Peter Pan Centre Hoon Avenue Newcastle under Lyme staffordshire 59NY 2 Accounting policies Summary of significant accounting pollcies and key accounting estimate5 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 financlal 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 l January 2019) (Charltles SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). They also comply with the Companie5 Att 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 Tre charity opted to early adopt Bulletin I published on 2 February 2016 and have therefore not included a cash flow statement In these financial statements. Page 13
The Peter Pan Centre Ltd Notes to the Financial Statements for the Year Ended 31 Ortober 2024 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 and legacies 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 receivable 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 ino?me Deferred income represents amounts received for future periods and is released to incoming resources in the perlod for whlch, it has been received. Such income is only deferred when: The donor specifies that the grant or donation must only be used in future accounting periods; or The donor has imposed conditions whlch must be met before the charity has unconditional entitlement. Investment income Interest on fund5 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 notificatlon 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 c05ts cannot be directly attributed to particular headings they have been allocated on a basis con515tent 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'5 Use. Other support costs are allocated based on the spread of staff costs. Raising funds These are costs incurred in attracting voluntary income, the management of investsnents and those incurred in trading activities that raise funds. Page 14
The Peter Pan Centre Ltd Notes to the Financial Statements for the Year Ended 31 October 2024 Chan"tab/e activities Charitable expenditure comprises those costs incurred by the charity in the delivery of its attivities and seNices for its beneficiaries. It includes both costs that can be allocated directly to such attivities and those costs of an indirect natu necessary to support them. Governance costs These include the costs attributable to the charity's compliance with constitutional and stalutory 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 falr value of the asset received or receivable. Grants are classified as relatsng either to revenue or to assets. Grant5 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 I Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charltable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from tsxation In respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Att 2010 or Section 256 of the Taxatlon of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes. Depreclatlon 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 expetted useful economic life as follows.. Asset class Office Equipment Nursery Equipment Property Improvements Depreciation method and rate 3 and 4 years straight line 4 years straight line 10 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 15
The Peter Pan Centre Ltd Notes to the Financial Statements for the Year Ended 31 October 2024 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 inltially 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 collett all amounts due according to the original terms of the retrivables. 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 obligatlons to pay for goods or servi5 that have been acquired in the ordlnary 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 e1ve months after the reporting date. If there is an unconditional right to defer settlement for at least Ie1ve months after the reporting date, they are presented as non-current Trade creditors are recognised Inltially 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 fund5 are unrestrlcted funds eannarked 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 Tre charity operates a defined contribution pension scheme which is a pension p5an under which fixed contributions are paid into a pension fund and the charity has no legal or construttive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee seNice 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 exed the contribution due for service, the excess is recognised as a prepayment. Page 16
The Peter Pan Centre Ltd Notes to the Financial Statements for the Year Ended 31 October 2024 Financial instruments Classification Financial assets and financlal 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. Recognltlon andmeasurement 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 aE 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 expl 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 ownershlp, has transferred control of the asset to another party. Financial liabilities a derecognlsed only when the obligation specified In the contract is discharged, cancelled or expires. Page 17
The Peter Pan Centre Ltd Notes to the Financial Statements for the Year Ended 31 October 2024 3 Income from donations and legacies Unrestricted funds General Restricted funds Total 2024 Donations and legacies. Donations from individuals Grants, including capital grants. Government grants Grants from other charities 64,846 64,846 1,876 1,876 197 731 120 728 143 725 120 728 264 453 Unrestricted funds General Restricted funds Total 2023 Donations and legacies; Donations from Indlvlduals Grants, including capital grants; Government grants Grants from other charities 63,451 63,451 1,500 1,500 187 722 107 773 144 900 107 773 252 673 4 Income from charitable activities Unrestricted funds General Total 2024 Fees Council Fees 9,862 9,862 Unrestricted funds General Total 2023 Fees Council Fees 15,516 15,516 Page 18
The Peter Pan Centre Ltd Notes to the Financial Statements for the Year Ended 31 October 2024 5 Income from other trading activities Unrestricted funds General Total 2024 Fundraising Unrestricted funds General Total 2023 Fundraising 6 Investment income Unrestricted funds General Total 2024 Income from dividends. Dividends receivable from other listed investments Interest receivable and similar income; Interest receivable on bank deposits 1,176 1,176 Unrestricted funds General Total 2023 Income from dividends. Dividends receivable from other listed investments Interest receivable and similar income. Interest receivable on bank deposits 679 679 Page 19
The Peter Pan Centre Ltd Notes to the Financial Statements for the Year Ended 31 October 2024 7 Expenditure on raising funds a) Costs of generating donations and legacies Unrestricted funds General Total 2024 other direct costs of generating voluntsry income Unrestricted funds General Total 2023 other dirett costs of generating volLJntary income 8 Expenditure on charitable artivities Artivity undertaken directly 2024 2023 Staff costs Staff training and recrultment Refreshments, small toys & play Travel and subsistence Premises costs Bank charges Office costs Professional fees Depreclation Independent examiner fees 296,104 3,732 5,697 2,782 25,810 469 22,048 3,289 14,480 296,104 3,732 5,697 2,782 25,810 469 22,048 3,289 14,480 273,634 3,291 5,617 1,388 21,209 596 17,124 3,634 23,759 895 375 411 375 411 351147 £235,764 (2023 £220,895) of the above expenditure was attributable to unrestricted funds and £139,647 (2023 £130,262) to restritted funds. Page 20
The Peter Pan Centre Ltd Notes to the Financial Statements for the Year Ended 31 October 2024 9 Analysis of governance and support costs Governance costs Unrestricted funds General Total 2024 Independent examiner fees Examination of the financial statements Unrestricted funds General Total 2023 Independent examiner fees Examination of the financial statements 895 895 895 895 10 Government grants Tre charity received £1,876 (2023,. £1,500) from council grants. The amount of grants recognised in the financial statements was £1,876 (2023 - £1,500). There were no unfulfilled conditions at the year end. 11 Net incomingloutgolng resources Net outgoing resources for the year Include: 2024 2023 Depreciatlon of fixed assets 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 21
The Peter Pan Centre Ltd Notes to the Financial Statements for the Year Ended 31 October 2024 13 Staff costs The aggregate payroll costs were as follows: 2024 2023 staff costs during the year were: Wages and salaries Social security costs Penslon costs 267,953 16,899 250,320 14,507 296 104 273 634 The monthly average number of persons (including senlor management I leadership team) employed by the charfty during the year expressed as full time equivalents was as follows: 2024 No 2023 No Dirertors (unpald) Administration staff Early Years and support staff io 10 io io 23 22 Contributions to the employee pension schemes for the year totalled £11,252 (2023 £8,807). Pension costs are split between restritted and unrestricted expenditure in line with the assoclated 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 £89,560 (2023 £80,946). Page 22
The Peter Pan Centre Ltd Notes to the Financial Statements for the Year Ended 31 Ortober 2024 14 Independent examiner's remuneration 2024 2023 Examination of the financial statements 895 15Taxation The charity is a registered charity and is therefore exempt from taxation. 16Tangible fixed assets Furniture and equipment Land and buildings Nursery Equipment Total Cost At l November 2023 Additions 62,431 45,179 65,903 173,513 At 31 October 2024 191774 Depreciation At l November 2023 Charge for the year 6,026 37,420 56,686 100,132 At 31 Ottober 2024 114612 Net book value At 31 October 2024 At 31 October 2023 Included wlthin the net book value of land and bulldings above is £Nil (2023 £Nil) in respect of freehold land and buildings and £61,229 (2023 £56,405) in respect of leaseholds. Page 23
The Peter Pan Centre Ltd Notes to the Financial Statements for the Year Ended 31 Ortober 2024 17 Fixed asset investments 2024 Other investments other investments 18 Debtors 2024 2023 Trade debtors Prepayments other debtors 430 4,900 613 4,725 19Cash and cash equivalents 2024 2023 Cash at bank 171905 235 081 Page 24
The Peter Pan Centre Ltd Notes to the Financial Statements for the Year Ended 31 Ortober 2024 20Creditors: amounts falling due within one year 2024 2023 Trade creditors Other taxation and Social security Accruals Deferred income 2,618 750 686 4,217 1,439 3,702 2024 2023 Deferred Income at l November 2023 Resources deferred in the period Amounts released from previous periods 42,525 76,347 1,010 42,525 Deferred income at year end The income deferred at the year end relates to multi year grants received in advance. 21 Pension and other schemes Deflned contrlbution pension scheme The charity operates a defined contributlon pension scheme. The pension cost charge for the year represents contributions payable by the charity to the scheme and amounted to £11,252 (2023 £8,807). Page 25
The Peter Pan Centre Ltd Notes to the Financial Statements for the Year Ended 31 October 2024 22Funds Balance at Balance at 31 October 2024 November 2023 Incoming resources Resources expended Transfers Unrestricted funds General General Fund 112,754 223,657 (247,555) 88,856 Designated Major Works Fund Total unrestricted funds 147 754 223 657 247 555 123 856 Restricted funds North Staffordshire Hospital Children's Trust Denise Coates Foundation Fence Club Trust The Edward Gostling Foundation Olwen McPherson Trust Boshier Hinton Foundatlon Masonic Charitable Trust Playground Project The National Lottery Community Fund The Henry Smith Charity Groundwork UK st Jame's Place Charitable Foundation other 38,500 (19,650) 18,850 5,201 1,032 {I,000) (524) 4,201 508 loo 4,807 (ioo) (1,715) 3,092 2,686 (900) 1,786 11,000 51,823 (i 1,000) (5,758) 46,065 80,550 18,750 9,552 (74,453) (18,750) (152) 6,097 9,400 7,500 (1,875) 5,625 loo Total restricted funds 120 179 120 728 139 647 101260 Total funds 267 933 344 385 387 202 225 116 Page 26
The Peter Pan Centre Ltd Notes to the Financial Statements for the Year Ended 31 Ortober 2024 Balance Balance ati Other at31 November Incoming Resources recognised October 2022 resources expended TransfeinSI (losses) 2023 Unrestricted funds General General Fund 133,866 211,610 (230,740) (1,982) 112,754 Designated Major Works Fund Total unrestricted funds 168 866 211610 230 740 147 754 Restricted BBC Children in Need North Staffordshlre Hospital Children's Trust Denise Coates Foundation Fence Club Trust The Edward Gostllng Foundation Olwen McPherson Trust Boshier Hinton Foundation Foyle Foundation The Bally Thomas Charitable Fund Masonic Charitable Trust Other Playground Projett 30,000 (30,000) 88,900 (50,400) 38,500 14,931 1,556 (9,730) (524) 5,201 1,032 600 14,250 (500) (1,920) (7,523) loo 4,807 3,586 15,000 (900) 2,686 (15,000) 10,000 (10,000) 22,067 (11,067) 11,648 {9,463) (1,000) 34 058 23 523 11,000 5,030 3,845 Total restricted funds 142 668 107 773 130 262 120 179 Total funds 311534 361002 319 383 L 267 933 Page 27
The Peter Pan Centre Ltd Notes to the Financial Statements for the Year Ended 31 October 2024 Tre 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. The balan was transferred to "Other Funds" on l April 2023. Olwen McPherson Trust These grants were to purchase children's equipment and toys. Boshier Hinton Foundation To fund the purchase of a fold down changlng bed for our disabled toilet. Foyle Foundation To assist the funding of a new outdoorleducation area. Bally Thoma5 Charitable Fund and 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, Foyle Foundation, 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 28
The Peter Pan Centre Ltd Notes to the Financial Ststements for the Year Ended 31 October 2024 The National Lottery Community Fund This 3 year grant is to fund both salary and core costs to enable us to delver our eady education service and to expand our family support service, increasing the number of unique children and families we support. The Henry Smlth Charity This 3 year grant is to part fund the salary costs of the Centre Manager and Family Support Manager to develop the service, and to introduce a new CRMlenquiry management system. Groundwork UK This grant is to fund upgrading of the heating and lighting within the bulldlng. st James's Place Charitable Foundation This grant is to fund salary costs of an Early Years Specialist Practioner for one year. other funds Includes restritted grants and donations, individually under £5,000, which cover the purchase of small capital items or Specific centre costs. 23Analysis of net assets between funds Total funds at31 October 2024 Unrestricted funds General Designated Restrirted funds Tangible fixed a55ets Fixed asset investments Current assets Current liabilities 7,178 51,176 37,572 69,984 77,162 51,176 180,195 35,000 107,623 Total net assets 101260 225 116 Total funds at31 October 2023 Unrestricted funds General Designated Restricted funds Tangible fixed assets Current assets Current liabilities 1,375 119,971 72,006 88,448 73,381 243,419 35,000 Total net assets 112 754 120 179 267 933 Page 29
The Peter Pan Centre Ltd Notes to the Financial Statements for the Year Ended 31 October 2024 24 Related party transactions The aggregate total of donations received from trustees and related parties in the period was £1,830 (2023: £11,050). Page 30