2023-03-31-accounts

pe9ple Annual Re ort 2022- 2023

Contents Hi8hlight$ 2022-23......................................................................................................................... Trustees. annual report for the charity Peeple.............................................................................. ExecutNe Summary.. Auditor5, Report..........................................................................................................................33 Consolidated Statement of Financial Attivltles...........................................................................37 Ilncludin8 Consolidated Income and Expenditure Account) Con501idated Statement of Financial P05ition.............................................................................38 Consolidated statement of Cash Flows....................................................-..................................39 Note to the accounts...................................................................................................................

Highlights 2022- 2023 60111 .S 601 prhctitioner5 trained to deliverthe Peep Learning Together Programrne. 7,212 * 7.212 additional families supported to make the most of everyday learning opportunities. pegp Inthnat ioill.% 101 practitioners trained to deliver the Peep Antenatal Programme. 1,010 * 1.010 addltlonal famllles supported to develop healthy bondlng and attachment relatlonshlps. Progression 88 parents gained an adult learning qualification from the Peep Progression Pathway. 89 * 89 families nurtured at our Little Peeple nursery in Oxford.

The Learning Together Study Improved outcome5 for Learnin8 To8ether Study Randomised Control Trial showed that the Peep Learning Together Programme Had the greatest impart for the tn05t disadvantaged HÈlpÈd pèrènts improve their home learning environment Helped to improve feelinE5 of parental self-acce tance 587+ 587 families in less affluent areas of Oxfordshire supported to chat play, sin8 and read together. 839* 839 child￿n ￿CeiVed a free book each month. STE Playgroup Wietoria Piloted'Exploring Togethef. to 5UPPQrt the foundations of STEM In very young thildren. Playgroup Virtoria PTomoted the Peep Learning Together Programme across Austr3li3. MOoNGbG •l•n Provided educational consultancy to the Moonbug series Little Baby Bum and Cocomelon.

Trustees' annual report for the charity Peeple

Executive Summary

The trustees have pleasure in presenting their report and the financial statements of Peeple for the year ended 31 March 2023. The gross income for the Group, comprising the charity and its trading subsidiary Peep Learning Ltd (PLL) in 2022-23 was £1,094,392 (2021-22: £1,131,693). Total expenditure of the Group in the year 2022-23 was £1,187,999 (2021-22: £1,035,613) giving a deficit overall of £93,607. Peep Learning Ltd achieved a surplus of £12,693 (down from £132,611 in 2021-22) before making a donation to Peeple. The fluctuation in Peep Learning Limited turnover reflects the unpredictability of training income which is related to the spending power of local authorities who are among our main customers.

Peep Learning Ltd develops and sells training, materials and consultancy to support other organisations to use the Peep Learning Together Programme (LTP), the Peep Progression Pathway and other programmes in different parts of the country. The main two-day training is known as Peep Learning Together Programme Training. Profits are passed to the charity by donation at the discretion of the directors of Peep Learning Limited. In 2022-23 £8,050 was transferred by donation to the charity.

Introduction This year, we are delighted to share the latest findings Irorn the Learning Together Study which show thèt the Peep Learnin8 To8ether Pro8rèmme Improves outcomes for all children but has the greatest imp3Ct for those living in disadvantaged circumstances. It is compelllng evidence that working with parents to ImprovÈ lÈarnin8 Opportunities for vèry young children èt home is a feasible and effective Means to improve outcome5 for children-e5pecially those rn05t at risk of not doing well at school. Doin8 rnore of the little things, like singing, chattin& and sharing books, really does make a big differen￿1 We know that all parents love their children and want thetn to grow up with greater opportunitie5 and better chance5 than they had. But being a parent isn't alw3ys e35y and all parent5 deserve support to do their best for their children. At Peeple, we are passionate about helping to create a world In which all parents get the support they need in theirvital role as they shape the children land thÈ parentsl of the future. Our work is needed now more than ever. Althou8h the pandemic is pa55ing into memory, it5 effects are not. Many of the short-term consequences have now been quantified and show that thÈ gap has widened iri aiadÈrnic achievement. We can only gue55 at the long-tÈrm itnpatt as WÈ know that children who start behind continue to fall further behind throvBhout their tirne at school. Fami1Ses want support from trusted professlonals who don't judge them. These relationships takÈ time and Èffort to build. In this report, we are pleased to sharÈ Growing Minds, a partnership project in Oxford5hire that provide5 a pathway of 5UPPQrt from universal artivitie5 to 5U5tained, intensive intervention which families can access according to their interests and their needs. We have learnr a lot from this work which we are keen to share with local and nètional Stakeholders. Growing Minds 15 funded entirely by charitable donations, but we believe that familv support in the early years should be seen as an investment in the future. not a5 a cost to society. Family Hubs are a step in the right direction, and we are delighted that many have chosen to include the Peep Learnin8 Together Progrbmme In their menu of servlces. HowÈver, multi-agencv. 'no wrong door, 5UPPOrt for familie5 from conception to School should be a 5t8tutory entitlement and not a postcode lottÈry. As we look to next year, we are so grateful for the commitment. ener8y and passion of our staff, our partners and our funders. We love working with you and are excited to see what we can achieve together around our cornrnon goal that every child really does have the best P055ible start sal￿ Smith David Bailev CEO Chair of trustees. We vsethe terM'p3tehts' thrtyJ8h(4rtthisreportto ltscludeanyoTheith ptrental reSp￿>bIltyf(*thÈch1ld￿th Intheircère.

Vision Every farnily makes the most of day-ttrday learniTr8 opportunities which improve Ihildren's OLrtcomes and help narrLV¥the Èap in attalnment. Mission Peeple e￿$ts1O help parents Improve their chlldren's Ilfe chances. pankularly less affluent areas. by rnaklr*gthe most of everyday leamln8opportUDltles at home and In the communlty. We alm ro narrowthe gap In attalDmeDr by supportlnB pareni5 In Taislngthelr bables and young£hlWren ro reach rheirfull potentlal. We do thts by developln8 Inter￿tIOnS whlch 5UPPOrt parents 35 thelr chlldren's first educ3tor5, by tialnin8 pr3ctitkiner5 to work %vlth families, and by Supportin the Implementatlon of our proBrarnme5. We also delwer senrice5 directlyto familip5, includin8eaftyeducation and childcare, and help parents to gain qualificationswhich lead tofurther learn4￿ volunteerin& or eThployfflent. In addition. we contrfbute to reseaich and pollty development In EtrlyYÈars ed￿catIOrt. Principles We bEllevethèt relatlOn5hip5 are at the heart Of leaming. We belI￿e in the potential of e¥ery parent, every carer, and every child. We reco8nlse parents and carers lor what they already do and helpthem to do more. We believe that Iwes can be transformed by buildin8 on everyday learning experiences. We reco8ni5ethe ImpDrtance of ref￿tIng thewoAdthrou8h the eyes of other5.

Why our work is needed

Brains are built not born; they are shaped by interactions with those around them. The more sensitive, responsive, and dependable these interactions are, the better.

Relationships matter a lot! They lay the foundations which help children become resilient when faced with adversity - and ready to learn to their full potential.

There are class-based differences in children's outcomes by 15 months, which are increased by age five and continue to widen into adulthood. As a group, children who start less well-off end up less healthy, less wealthy and with fewer advantages to pass on to their children.

These inequalities develop very early. For example, significant differences in language between low and high socioeconomic status babies are measurable by 15 months of age.

The single biggest predictor of social mobility for children from lower income backgrounds is vocabulary at age five - those with a wider vocabulary are more likely to do well.

Another important influence over how well children do in school and beyond is the quality of the Home Learning Environment- the everyday things which parents do at home with their children such as singing, playing, talking, and sharing books and stories.

It helps when parents understand more about how their children develop and learn, and when they believe that they can make a positive difference in their children's lives. The benefits of healthy early development last a lifetime and are carried into the next generation, shaping the parents of the future.

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Books are brilliant for brains: they help to increase vocabulary, stimulate the imagination, and

Children who have a favourite book are more likely to become confident readers and writers when they grow up. One study found that children who had been read to regularly at age five

The pandemic has affected all families, but the poorest families have been hardest hit.

Early intervention is the most effective, and cost-effective, way to give all children the best start in life. Prevention is better than cure.

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Theory of change

----- Start of picture text -----
Attainment gap narrows
Children's language, cognitive & socioemotional outcomes improve
Quality of relationships Quality of the Home Peep Learning Together Education level &/or
between parents & their Learning Environment Programme aspirations of parents
children improve improves embedded in policy improve
WHY
Parents believe they can make a positive Parents engage more in learning,
difference to their children's lives volunteering or employment
Practitioners upskilled in child development
& how to work with parents
Parents do more to support their children Parents know more about how
to learn through play & everyday activities children learn & develop
Policy leads to action which supports parents & improves Early Learning & Childcare
Provide more support for trained
Accredit more parents with
practitioners Share evidence & good practice with the Peep Progression Pathway units
Train & accredit more Early Years Sector, HOW
policy makers & researchers
practitioners to deliver the Provide more service delivery
Peep Learning Together Programme for families with children 0-5
-------...:
I
Training, accreditation & Accredited learning
support for practitioners for parents
Resources for I Service delivery including
parents Little Peeple Nurser/
Gathering & sharing WHAT
Evidence
Peep Learning Together Programme
Peep Progression Pathway
----- End of picture text -----

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Objects, activities and aims

The objects of the charity are for the public benefit: (1) to advance education, in particular (but not limited to) the early learning and development of children; and (2) to promote, commission, carry out and disseminate research in the field of Early Years and other education.

Activities

The activities of the charity are: practitioner training and implementation support for our programmes nationally; accreditation of parents' learning via the Peep Progression Pathway; commissioning and carrying out research and evaluation; delivery of the Peep Learning Together Programme and other services to parents, carers and young children in Oxfordshire; early education and childcare; and influencing of national debate and policy.

Aims 2022 - 2023

1. To train and accredit more practitioners to support families with their young children's learning and development

2. To provide more support for trained practitioners to implement Peep Programmes

3. To accredit more parents with Peep Progression Pathway qualifications

   1. To support more families in Oxfordshire

4. To provide high quality early education and care via the Little Peeple Nursery

5. To develop new interventions which support practitioners and parents to help children reach their full potential

6. To share evidence and good practice with the Early Years sector, policy makers and researchers

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Achievements and performance (2022- 2023) 1. To train and accredit more practitioners to support families with their young childrenls learning and development 63 Peep Learning Together Programme Training courses delivered to practitioners frorn around the UK and Ireland. 601 practitioners trained to deliver the Peep Learning To8ether Pro8ramme, includin8 360 from Scotland. Approximately 7,212 additional families benefited from the Peep Learning Together Programme. Ifeelso confident about leading 17 Peep group, e5peciallynow I huve token lead orj a 5toy ondplay roup. Lots ol the informotionfrom this trtsinirjg will support me rhrough myevÈrydoy work wirh porents. PraCt￿l￿Met Our annual survey of Peep-trained practitioners Showed that parents.. felt more confident 5UPPOrting their child's learning & development193%1 were playing. sharing bwks, Singing 3nd rn3kinB marks rnore often189%1 wÈrÈ more tonfidÈnt and awarÈ of how to support their thild's talking and listÈnin8186%1 had better r@lationships with th@ir childrÈn174%1 101 practitioners trained to deliver the Peep Antenatal Pro8ramrne to support approxirn3tely 1,010 farnilies to develop stron8 parent-child bonding and healthy attachment relationships. Such ofun ond importont progromme thotporents willfirtdeosy to engogt wirh. Thepr(Igromme will intEgrute eosily 05 It oligns with the work we deliver ond]umilie5 we 5UPPOrt. Con't woit to be able to offerAntenotolPeep to locolporents. Prxtitioner 13

Supporting Parents and Children to Learn Together, a new Level 3 qualification for practitioneT5 to quality 455ure the*r dÈlivÈry of the Peep Learning Together Programme. was launched. I r￿llY Ènjoyed the qutrlifictrtion orjdfelt itimprovèd my undÈrstondiftg of the ITPimmÈnsdy. All the rosks ollowtd me to reflert upon myowrt prortice ond whor the L TP voluÈs meont to rne when working wirhfomilies. I would highly recommend those who ore rhinking obotst it to do it- it is SO kvorthwhile! Pr3ttitioner Playgroup Victoria 1111111111111 Peep Learning Together Prograrnrne wa5 promoted acr055 Australia by Playgroup Virtoria with 81 practitioner5 tT4ined. | The rroirting wos txtremely irtfomotive ortd very usefulond relevont to my work. lfrel Peep wiii | empower rhefomilies I work with to support rheir children's leorning ot home. 14

1. To provide more support for trained practitioners to implement Peep Programmes We provided eight Peep in Prattite onlinè sessions for trained prattitioners to share ideas and leèrnin8 based on their delivery of the Peep Learning Together Pro8ramrne. dlhw.Th1srrtr¥nthth•r￿h￿cl￿ We facilitated Peep Charnpion meetings for manager5 responsible for the strategic implementèti¢)n of the Peep Learning Together Programme in thelr areas. pe$p 4¥-. -1 Recruiting families Prartke Q&A% pe$p ALT We provided support to trèined practitioners through the login area of ourwebsite. including'how to, guides, recruitment poster and case 5tvdies. We continue to engage and support practitioners through our social media and have increased our digital support phckage so that practitioner5 can tailor poster5 to their own needs. HLthR5t￿* pe9P The web 51te 15 brilliont und will be so useful to plon sessions m4ths |an9ua9e Porents love the octivitysheets. theylike simple t7ctivitie5 thot ore e05ily rnodefrorn evÈrydtry resources pixt1t￿ pegp In response to practitioner reque5t5 we created more seasonal resource5 and added thern to the web51te, including seasonal challenge5, song sheets, Thing5 to do at horne and 50cial rnedia graphic5 which cBn be shared in Peep WhatsApp groups. 15

2. To accredit more parents with Peep Progression Pathway qualifications The Peep Progression Pathway is 3 Sulte of qualifications for parents embedded in the Peep Learning Together Programme. They are credit-rated by the Scottish Qualification5 Authorrty at Scott15h Credit and Qublification Framework levels 3, 4 and S, lequivalent to entry level 3, level I and level 2 in the rest of the UK.> The qvalifications are often a first step for parent5 into volunteering, trainin& or employment. er not doing ony written workin G long time I hove beer) tsmozedot myself ondhow well I've done. Ileel like I huve proved to myself I cun do it. pe9P Progression Pathway Pathwayparent 88 parents gained an adult learning qualification from the Peep Progression Pathway, based on their participation in the Peep Learning Together ProEramme. I huve enjoyed the course ondlookinq fonvord to the next. Ir has mode me wGnt to go bGck to childcore in the Auttsre. paihway Pèient One of our Pathway parents received a Festiv31 of LÈarnin8 tertifitate of achievement for commitmeTrt to learning. We developed new otiline training for practitioner5,' It 15 a highly prarti¢al covr5e, designed to offÈr dÈle8ates the opportunity to explore the roles of Assessors or Internal Quality Assurer, supporting them to build confidence in their abllitles before rolllng out rhe Pathway withln theSr or8anl￿tI0n. Reolly enjoyed the course. lftel I hove the t{￿15 to deliverondfftl preporeLlfor 5upportingfGmilies to occe55forrnalleurning through Peep. PathwiyTTrininBdelp8•te My Peep Journey Becky Robertson Good discusslon on ossessment criterio. Ifeelconlident to run the Peep Progression Pothway course forparents. PathwayTrb￿nlnIde￿te Shetland 16

3. To support more families in Oxfordshire Peep Learning Together group sessio1)< This year we delivered.. Seven Peep Learning Together group5 per week, attended by 107 faTnilie5 27 outdoor Peep Learning Together sessions attended by 16 famllles One Peep Antenatal group online. attended by three familie5 One group and multiple one-to-one 5e55ions for 14 familie5 Wlth English as an additional language Going ro Peep group hos been o mossive pick me upformyself ond Gfontostic way olbuildinq my child's sociGlski11s. My own rnentolhealth hu5 improved50 muchfrom to Peep every week qndithos tuught meso much obout diffÈrÈnr woys of ploying ond bonding with my child. Parent InLtldLLlV¥ fi¥vosi¥LL¥fsdiid SlJLial media p05t5 601 families in Oxlofd5hire received four interactive newsletters (with activities. information, and guide to loc41 sUPPOrtI. All farnilie5 a150 received an additional book handout for World Book Day, based on their Imagination ￿brary book that month. 113 families are pzrt of our Peep at Home OxfOrdsh￿re Facebook page la closed group for familie5 who attend Peep Learning Together session51. Our Facebook, Twitter and In5tagram page5 are opÈn to all for attivities, resourcès, and inftsrmatlon. ThÈrÈ ttre so mor)y idetss thot give me things ro do othome, things I wouldn't think obout. Parenl 17

Imagination Library The Imè8Snatlon Llbrary Is a partnershlp between Peeple and the Dollywood Foundation. It gifts a book per month to every registered child, from birth to five years of age, livin8 in The Leys, Littlemore. R05ehill and Berinsfield area5 of Oxford5hire. Thi5 year we.. increased the number of registered children from 767 to 839 delivered 8,918 books bringing the total number delivered since the library began to $2,445 We ore reading rn0￿ often, having the book5 corne through the dooris reminder to look ￿¢ thern urjd he loves getrino his own post. There ore so mony different books. ones I wouldn'r buymyself. Growing Minds Growing Minds. is an innovative collaboration between Peeple, Home-start Oxford and the Berin Centre which aims to narrow the attainment gap before School. Growing Minds is.. pre¥erfatfve- startin8 from birth collabor*i¥e- usin8 local delivery agencies and a lolned-up approach place-based In two areas of need - Berinsfield and Littlemore already within those communities evidence-informed and evidence-ba5ed- u5in8 tried and tested interventsons developed bv expert5 building on strengths l undersrond now thor ollkids develop ot diflerentpaces ond age5 $0 Idon'tgetso unxiou5 ubouthi5 developrnentnow. 18

Growing Minds started in January 2020, 50 was seriously impacted by the pandemic. However, we have now recruited 435 families who are offered a pathway of support which include5 the Dolly Parton Irnagination Library, horne visits, Peep Learning Together groups and a variety of other comfflunity-based activities. Our annual sy￿eY found that.. 97% of parents shared books more than three times a week with their child 85% of parents who attended Peep Learning Together group sessions were undertaking more learning activities Wlth their child at home or out and about 91% felt that Growing Mind5 had impro¥ed their relationship with their child A5 new muFn5 we'reflying blind. The Peep group help5 me be prooctive like with walkinq nd5inging ond thutit'5 Worth reoding to bobie5 even iAtheyure too young to tqlk. In October 2022, we held a Learning Oay for all our stskeholders. We discussed earty findin8$ Irom an independent evaluation of Growing Minds by consultant, Fiona Gell, and explored the current policy landscape with Felicity Gillespie, Director of Kindred SqL*ared. MINDS rhe pe9ple ME COMMON 19

5: To provide high quality early education and care via the Little Peeple Nursery Little Peeple 15 3 44-place day nursery and pre-school tor children aged Six month5 to four year5. Opened in 2018, it was built by Peeple in partnership with The Oxford Academy and Oxfordshire County Countil. In 2022- 2023 Little Peeple was attended by 89 different children. This year we have focused on supportin813n8Ua8e and cornmunication, Working Wlth our OxfordshiTe Early Years team and Using resources from the Peep Learning Together Programme. To G speciol Little Peeple Nursery, Th17nk youlor teaching me so mony new things, Singing myfuvouritesongs, reading myfovourite stories, having lot5 olfun thin05 to do. believing in me, helping me dreom big, help JTe orow ond beinq the be5tl Staff development continues to be a priority. We are committed to'growing Our own. our Level 2 apprentice said "I love working and studying at Little Peeple- it 15 50 friendly and suprK)rtivÈ and I lÈarn so much from my collÈaguÈs who I work with every dav." Our Level 3 Practitioners have been attending the Early Years Professional Developrnent proEramme funded by the Departrnent for Education to enhance their ski115 in supporting the development of children in Communication and Language, Early Mathematics, and Personal, Social and Emotional Development. oov We have extended our outdoor space and have plans to extend the garden for our youngest hildren. Our allotrnent ha5 been Ènjoyèd all yèar by the children. We have grown, rhubèrb. courgette5. carrots, marrows. strawberries and sunflower5. 20

JI Thurjk you 50 muchfGr allyou have done to help ondsupport my son to develop ond grow over the pust three yÈtsrs. Pèrent Thttnk you to the Èntire tsomfor the love tsrtdcore you hoveshown son ond the support show tss os porents. He joined os o shylittle boy und leoves o nfident little boy. 21

1. To develop new interventions Exploring Together Children's Èarly STEM development grows froffl their natural curiosity and en8agÈment in rÈal-world experiÈncÈs and play. These are enhanced through interèttion with adults who have the confidence to share the Ch￿Id'S interest. and can be extended with relev3nt knowledEe. vocabulary, and ideas. fiThg To STEII We worked wlth SherSnaham Nursery School (the Research School for East London) and three other settings from the Newham Early Year5 hub to pilot and refine EKplorin8 Together. an ei8ht-week programme to upskill Early Ye3r5 practitioner5 Wlth the confidence, knowledge, and 5ki115 to help parent5 encourage the foundatlQa5 of STEM throu8h everyday activitles and interactions, and to support STEM in their settings. Most parents had English as èn additional language. We were doino those things but WÈ didn't retslise they wtrÈ STEM. Afttnvords we were doing it more curefully with u con5CIOU5 mind. We ure now seeing STEM in everything before we didn't. Parent I love the definition of 5fEM. ulth(wgh I must confess I wtss sctsredinitiully, however..it hos become 50 much cleurer...Myupprooch to teoching ondstspporting ecrly STEM will be uch more olquolity when I'ffl rarrying out spor)ttsftÉous tsnd intentiontrlpltsnnin9for children. The impoct on my views on sfEM hos significontly chonged ro positive ttitude orjd confidence. We hope that STEM will become 50rnething that pr3Ctitioners and parents are excited. rather than anxious. about and feel ready to help children fulfil their potential to become the scientists. engineer5. rnathern3tician5, progratnmer5 and inventors of the futurel Sherin hum .MERCERS Chmre The prwect 15f￿ded bytheChaDtyof Sir Richard WhittiDEtun. f which the Mercers, Company K%¢orporètetruStee. ènO4S part olthe C0mpatrf5EarfyVeat5SF￿￿I lThtiIt￿. Egst Lon 22

2. To share evidence and good practice with the Early Years sectori policy makers and researchers The Leaming Together Study QUEENS UNIVERSITY BELFAST Educotion Enaowmeni Foundation The Le3rning Together Study wa5 a lafge-5c3le Randomi5ed Controlled Trial of the Peep Learning Together Progfarnme, with 139 sÈttings and 1,440 fatnilie5. It was carried out by Queens University Belfast and funded by the Education Endowment Foundation. Overall. the study found that the Programme made a positive difference of an additional two months, progress over a five- Month period ro children's early literacy development. in February 2023, additional funding5 were published Showing th3t Peep Learning Together made the greatest differencÈ to children eli8iblÈ for Early Years Pupil PrÈmium, who made an additional four months, progress in core language skills. four months. additionèl pro8ress progress in communication, and three months, additional progress in early literacy development. Family Hubs The Peep Learning Together Progrzrnme is on the Department of Education approved list of interventions for use in the Family Hubs and Start for Life pro8ramme. Anthropy In November 2022, our CEO, Sally Smith, was a speaker at the Anthropy 8atherin8 held at the Eden Project in Cornwall. Anthropy is a national corivener dedicated to fostering cr055-5ector tollaboration to address nètional interests. It focuses on facilitating public-private-non-profit undefStandin8 and partnerships, brin8in8 tO8ether leaders from a115ectors. It act5 35 inspiration to build engagement for collective imp3rt. Anthropy is based on a cr055-5ector mernbeT5hip willing to tonnect and ¢ollaboratÈ year-round to bring our community of leaders together to explore new Ideas. Proud to be contributing to the futurevlslon for Britain at Anthropy. Sally argued thèt investment in Early Years and parenting support is the most effective and cost-effective way to give all children the best POs&ble start in life. THROPY" 23

Playful Packs Project We partnered wth the University of Oxford. Brookes University, the National Literacy Trust and Home-start Oxford in an Economic and Social Research Council project to create and distribute activity packs for parÈnts based on findings from the Social Distancing and Development Study (Hendry 20221. OAFORD BRI)()KES liter lord pe9ple Educational consultation We provided consultation for the popular Moonbug Entertainment children's series. ￿ttle 8aby Bum and Cocomelon. to help improve the educational content and rnessaging to parents. Campaigns Durin8 the year we have continued to campaign, alonBside many other organisations, for 8overnment to support familie5 during the Earfy Years and the Early Learning and Childcare sector, both of which have been low priority for government funding. P••p iU.PeEpleC•ntr• Peeple W•yupport,, UNICIF.,:WHO, '.Ii+nlinipLH. •GPt•EmdVlol•rt•h ..ECOActlDn,¥b•hAw¢om•t(g•¢hv4• p¥t￿th•Oh￿1￿thtlV•￿￿pp Pvlfitsll￿sPDt0Prorn￿t•un￿￿￿I estOPrndn%UpportlthhlÈ￿ff0l IfMlll¢s#knbalty.,, OurCEO th•pi• Sally wlll bettendkn# ¢, TheFEA Annualsummlt today? th• rgestslngle gatherlng0ll￿der8￿oWklnI to make edu¢atlon falror.W•look forard to conn•¢tingwith mission-all8nod I1￿¥￿95t0 drlv•for lon8t•rm chang• FaiTEdForAII W••v•py￿1fO￿w•WWIb￿r•d1f•th• FamlfyR•vl•w.W•aKr••thatlarnlll•in• amd ￿)￿10r￿a￿loPaft2Ql1hlQ¥4•W. hkh4lkokatKupportrw¥k• 4F.iaTiilyRoyiow ehlbth•rfACoThWnl￿._. 0110912022 h•GovwMIMbtllowtstopAorlt I￿1￿•Ye•￿pUt1•￿I1l•$•¢th?hl•rt a11dpdcyd•d￿DTr1'. 24

Peep Learning Together Programme The Peep Leaming To8ether Pro8ramme èlms to improve the quality of relationships betweeTr parents/carer5 and their children, and the quality of the Horne Learning Environment, because both are shown by research to help children to do woll in school and beyond. The Programme cèn be used flexibly- in the home. in universal or targeted groups, in drop-in sessions, in nurseries and schools-wherever farnilies spend time. The Programme explains to parents about how bables and youn8 children learn and develop, helpinE thern build on what they are already doinE at home to 5UPPOrt their children'5 learniTrR. It also promotes parental tonfidence, self-estèem, and social support. The Programme is based around five strand5 of learning.. 11 personal. social & emotional development,. 21 communication & language,. 31 early lireracy.. 41 early maths,. and 51 health and physital devÈlopmÈnt. In each strand there are IS different topics. These are listed on the strand map opposite. Practitioner5 Use the tQPlC5 to create sessions which are delivered to parents and childrerb together. Each topic is aimed at one or more stages of development- babies, toddlers or pre-school. E3ch session includes discu55ion, songs and storie5. as well as ide35 and approaches for parents to adopt at home. Topics are supported by additional resources, includin8 5e55ion plan5 for practitioners, hand-outs foi parents. and links to resÈarch and national framÈworks le.g. Early Years Foundation Stage and the Curriculum for Excellencel- The Leèrning Together Programme includes rhe Peep Progresslon Pathway., credlt-rated unEts for adult5, completed as part of their participation in the Pro8rarnme. Things io do at Developing talking through conversations Here are 3 ways that involving babies and young children in everyday conversotions help5 them become confident talkers.. Seeing others talkinq and li£ttri)111(Jy andhaving lotsof opportunities to have fun and 101 ri I n themselves 2. Hearing others talking so that theyget to knowthe sounds that fgrm speech 4earing new words and learnin9 their meanings pe9P iupport5ng p4iMts and Flnd rwre Peep Idea5.. @Peeplecentre véWW.peep￿.ryVk 25

ljs 5111.1: 26

Financial Review The 8ross intome for thÈ Group l¢0mprisin8 the charity and its trading subsidiary. Peep Leafning Ltdl in 2022-23 was £1,094,39212021-22.. £1,131,693). Totèl expenditure of the Group in the year 2022-23 was £1,187,99912021-22.- £1,035,61318iving a deficit overall of £93,607. Peep Learning Ltd achieved a surplu5 of £12,693 (down from £132,611 in 2021-221 before making a donation to Peeple. The fluctu3tion in Peep Learning Limited turnover year on year reflect5 the unpredict3bility of training income, which 15 related to the spending power of local authoritie5 who are arnong our main custr)mers. The chariws main expenditure is that of wages and salaries. staff are recruited based on their specific skillsets to the various activities of the charity, and accordin8 to the requirernent5 of 8rant5 received and trading activitie5. M05t employment contracts are permanent, and the rnajority are p3rt-tirne, with fixed-term iontrgrt5 being offered where appropriate to reflect the requirÈmÈnts of the activities, thereby tnaxiTnising value for rnonÈy. The chariws subsidiary compèny, Peep Learning Itd IPLII, develop5 and sells materials. training, and consultancy to Support other organi5ation5 to use the Peep Learning Together Pro8Tamme and Peep Progression Pathway in different parts of the country. The rnain twtrday tr3ining is known •5 the Peep Learning Together Programme Training. One-day training course5 in the Peep AntÈnÈtal ProgrammÈ, Early Communitation MattÈrs Ènd PÈÈp ProgrÈ*sion Pathway tontinvÈ to be offered. Profits are passed to the charity by donation at the discretion of the dlrettors of PLL In 2022-23 E8.050 was transferred by donation to the chèrity. 27

Future plans Alm I: To train and attrÈdit more prattitioners to support more families with their young children's learning Alm 2: To provide support for trained practitioners to implement Peep ProEramrnes Alm a= To attredit more parents with PÈep Progresslon Pathway Aim 4.. To support more families in Oxfordshire Alm 5: To provide high quality early learning and childcare at the Little Peep1e Nursery Alm 6.. To develop new interventions and to extend the Learr*ing Together Programme resource5 Aim 7: To Share evidence and good practice with the Early Year5 settor, polity makers and fesearthers Alm 8: To ensure good governance, management, and infrastructure ReseNes The charity relles on human resources to dellver Its programme, and the trustees are tonsclous of the need to ensure that there are sufficient reserves available to provide for those resources in times of low funding or whilst new grant applications are bein8 made. The trustees consider that the fninimum level of reserves Should be three month5 of fixed costs. On thi5 ba515, the level of readily acce55ible reserves Should be in the region of £230,(M￿. As of 315t March 2023, the total unre5tfltted rÈsÈrvès were £242,990131.3.22= E320,4031,. trustèes have agreed to set aside £70,000 from unrestricted reserves in a designated premises development fund 3imed at se£uTing our own permanent prernSses. A finance ffleeting t3ke5 place before each full board meetingi which rewew5 the level of reserves with these criteria in rnind. 28

Risks The trustee5 have reviewed the rnajor risk5 to which the charity is exposed, and systerns have been put in place to rnitigate those risk5. These are reviewed by the full board on a regular bosis. Major risks considered in 2022-23 and steps taken include.. rÈdutÈd funding Strèams for thÈ Early Years and family support sÈttors and inadequate funding levels for funded childcare places In the Little Peeple Nursery.. all sources of funding are under pressure and whilst we have a good mix of funding from local government, national government and charitable trusts which spreads the risK the income from our own independent trad*nc Via Peep Leamine Ltd continues to be vital to help us meet our c05tS. reduced income from training a5 Iixal authority budgets are under pressure., we restructured our trainin8 team to creatÈ an increased focus on marketing and communications. increased demand for training in 2023- 2024 resulting from the DfE Family Hub Initiative., we have expanded capacity within our training team with increased hour5 for contracted staff and have recruited and inducted more freelance trainers. inadequate cash flow.. cash flow and liquidity are Tnonitored monthly and p3rticular attention paid to ensure larger projects stay within budget. Pri￿ and credlt risk are not considered to be major rSsks as the cost of materlals is only a small element of our expenditure. and we have a good credlt record with the suppliers we use. 5tructurei goveinance, management and staff The trustees Idirectorsl who served Peeple during the year were as follows.. David Bailey (Chair as at 121121231 Mark Harris (Chair 114122 31131231 Neil Mcclelland Professor Mary Wlld Nancy Stimson Tere53 Smith Dr Allson Street New trustees are invited to join the board by the current trustees. Peeple's deed sets a maximurn of 10 on the nurnber of trustee5 who can serve at any one time. The organisation is governed by a Memorandum and Artlcles of Association which sets out rules governing meetings. trustee recruitment. powers and responsibilities of trustees. Tru5tee5 are kept up to date by 3 detailed report frorn the Chief Executive Officer ICEOI on progress in achieving our strategic aiffl5 and objective5 at each board meeting, and by emai15 between rneeting5. Time 45 also set aside at board rneetings to di5CUS$ strategy and updat knowledge on governance and related matters. Trustees undertake online safeguarding training every three years, or whenever guidelines change. Individual trustees take on responsibility for 29

keeping the organisation up to date on specific areès e.g. governance and risk management. They work with staff in commirtees (HR, Finance, Projects) to contribute their specific knowledge and expertise. Governance and management Day to day management is delegated by the trustÈÈs ro the CEO. Dr Sally Smlth is the £urrent CEO. Trustees are responsible for the overall strategy of the organlsation and the appointment of the c£0. Staff Peeple had average of 40 ernployee5 during 2022-23. Of these, 17 were in earw education Ènd chlldcare roles, elght worked in local programme delivery, nine worked in trainin& accreditation and development, including three based in scotland, two in communications and marketing and four worked in the Head Office function5 of CEO, senior management, finance & HR and 8eneral dministration. The total full-time equivalent staff in March 2023 wa5 32. All profe55ional staff have Significant ski115 and knowledge in the field. Responsibilities of the trustees/directors Company law requires the trustees to prepare at¢ounts for eath finantial year which give a true, fair view of the stare of the èffalrs of the compèny and of the surplus or deflcit of the company for that period. In preparing those financial Statements the trustees are required to.. select 5111table accounting policies and apply them con515tently. make judgements and estimates that are reasonable and prudent. prepare the 3ccounts on the going concern basis unless It Is Inappropriate to presume that the company will continue In business. The tru5tee5 are re5pon5ible for keeping proper accounting records which disclose with reasonable ccuracy at any time the financial position ol the company. and to enable thern to ensure that the accounts comply with the Companies Att 2006. They arÈ also responsible for safeguarding the assets of the company. and hence for taking reasonable steps for the preventlon and detection of fraud ènd other Irregularities. The trustees confSrm that.. as far as each trustee is aware, there is no relevant audit information (needed by the auditor5 in connection with their report) of which the ch3riWs auditors are unaware. each trustee ha5 taken all the Steps that they ought to have taken a5 a trustee in order to make themsÈlves awère of any relevant audit infrlrmation and to establish thèt the charltWs auditors are aware of that Information. 30

Solicitors, bankers and accountants Solicitors.. Bates Wells Braithwaite LLP. London (charity and IPR mattersl Freeths LLP, Oxford (property matters1 8ank.. Lloyds Bank, Headington, Oxford Auditor5'. Mercer Lewin Ltd, Chartered Accountants and Registered Auditor5, 6-7 Citiba5e, New Barclay House, 234 Botley Road. O¥ford OX2 OHP On behalf of the tru5tee5/dirertor5 Dale.. 13th Decernber 2023 D3vid BaSlev This report and financial statements of Peeple for the year ended 31 March 2023 have been prepared in accordance with the provisions of the Charities Act 2011. the charity's governing docuFnent, the Staternent of Recornmended Practice-Accounting for Charities. the Companies Act 2006 (part 151, the Charities and TrustÈÈ InvestmÈnt Istotlandl Att 20D5 and thÈ Charities Actounts IScotl3ndl Regulations 2006 las amended). Accordlngly, the accounts conwlidate the results of the charity with those of its subsidiary company, Peep Learning Limited IPLLI.

REGISTERED COMPANY NUMBER: 07514469 (England and Wales) REGISTERED CHARITY NUMBER: 1144975/SC044031

PEEPLE AUDITED CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

Mercer Lewin Ltd Chartered Accountants and Registered Auditors 6-7 Citibase New Barclay House 234 Botley Road Oxford OX2 0HP

33

PEEPLE

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF PEEPLE YEAR ENDED 31 MARCH 2023

Opinion

We have audited the financial statements of Peeple for the year ended 31 March 2023 which comprise the group statement of financial activities (including income and expenditure account), the group and parent statement of financial position, statement of cash flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standards applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

This report is made solely to the charity's members, as a body, in accordance with section 144 of the Charities Act 2011 and regulations made under section 154 of that Act, and Regulation 10 of the Charities Accounts (Scotland) Regulations 2006. Our audit work has been undertaken so that we might state to the charity's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's members as a body, for our audit work, for this report, or for the opinions we have formed.

In our opinion the financial statements:

• give a true and fair view of the state of the group's and the parent charitable company's affairs as at 31 March 2023 and of the group's incoming resources and application of resources, including its income and expenditure, for the year then ended;

• have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice;

• have been prepared in accordance with the requirements of the Charities Act 2011, the Charities and Trustee Investment (Scotland) Act 2005 and regulation 8 of the Charities Accounts (Scotland) Regulations 2006 (as amended).

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

34

PEEPLE

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF PEEPLE (continued) YEAR ENDED 31 MARCH 2023

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the trustees' report.

We have nothing to report in respect of the following matters in relation to which the Charities Accounts (Scotland) Regulations 2006 (as amended) and the Charities Act 2011 requires us to report to you if, in our opinion:

• the information given in the trustees' report is inconsistent in any material respect with the financial statements; or

• adequate accounting records have not been kept; or

• the financial statements are not in agreement with the accounting records and returns; or

• we have not received all the information and explanations we require for our audit.

Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Our responsibilities for the audit of the financial statements

We have been appointed as auditors under Section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

• We discussed the framework in which the company operates with senior management and in conjunction with our experience of the industry in which the company operates, sought to identify laws and regulations which are critical to the company's business. As a registered charity, the company is obliged to comply with regulations issued by The Charity Commission of England and Wales and the Office of the Scottish Charity Regulator. Compliance with those regulations, including the need to make reports to the commission/regulator, was reviewed.

• As part of routine audit procedures, the possibility of non-compliance with general laws (e.g. employment law, health and safety regulations) were considered and discussed with senior management, in response to the assessed risks in relation to these laws and regulations.

• The risks of fraud were discussed with senior management, including details of known instances. Our records of the company's systems and procedures was reviewed by the audit team (including the audit engagement partner) to identify possible areas where fraud might occur.

35

PEEPLE

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF PEEPLE (continued) YEAR ENDED 31 MARCH 2023

The above procedures were undertaken by the audit team as a whole, led by the audit engagement partner. In this way the audit engagement partner was able to obtain assurance the engagement team collectively had the appropriate competence and capabilities to identify or recognise non-compliance with laws and regulations and the possibility of irregularities arising from fraud.

To address the risk of fraud through management bias and override of controls, we:

• performed analytical procedures to identify any unusual or unexpected relationships;

• tested journal entries to identify unusual transactions;

• assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias; and

• investigated the rationale behind significant or unusual transactions.

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

• agreeing financial statement disclosures to underlying supporting documentation;

• reading the minutes of meetings of those charged with governance; and

• enquiring of management as to actual and potential litigation and claims.

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance.

Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the Management Committee and other management and the inspection of regulatory and legal correspondence, if any.

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

Use of our report

This report is made solely to the charitable company's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charitable company's trustees those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Jonathan Paul Swayne (Senior Statutory Auditor)

for and on behalf of Mercer Lewin Ltd Chartered Accountants and Registered Auditors Eligible to act as an auditor in terms of Section 1212 of the Companies Act 2006 6-7 Citibase, New Barclay House 234 Botley Road Oxford OX2 0HP

12 December 2023

36

PEEPLE CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023

Note INCOME Income from donations and legacies 5 Income from charitable activities Sales of publications and training 5.1 Nursery income 5.2 Government grant Other income Total income EXPENDITURE Cost of generating funds - publications and training Cost of generating funds - other Charitable activities 6 Governance costs 7 Total expenditure NET INCOME /(EXPENDITURE) AND NET MOVEMENT IN FUNDS FOR THE YEAR Reconciliation of funds Total funds brought forward TOTAL FUNDS CARRIED FORWARD

Unrestricted Restricted Total funds Total funds funds funds 2023 2022 £ £ £ £ 226,226 290,674 516,900 514,101 217,220 - 217,220 280,844 344,600 - 344,600 314,183 - - - 1,010 15,672 - 15,672 21,554 803,718 290,674 1,094,392 1,131,693 48,461 - 48,461 39,152 8,990 - 8,990 8,873 819,916 290,674 1,110,590 967,097 19,958 - 19,958 20,490 897,325 290,674 1,187,999 1,035,613 (93,607) - (93,607) 96,081 588,966 - 588,966 492,886 495,359 - 495,359 588,966

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

The notes form part of these financial statements

37

PEEPLE CONSOLIDATED STATEMENT OF FINANCIAL POSITION AS AT 31 MARCH 2023

Note FIXED ASSETS Tangible assets 10 Investments 11 Total Fixed Assets CURRENT ASSETS Stocks Debtors and prepayments 12 Cash at bank and in hand Total Current Assets CREDITORS: Amounts falling due within one year 13 NET CURRENT ASSETS CREDITORS: Amounts falling due after more than one year TOTAL ASSETS LESS LIABILITIES RESERVES Restricted income funds 14 Restricted capital funds Unrestricted funds Designated property fund 15 Designated premises fund General funds TOTAL CHARITY FUNDS 16

2023 2022 2023 2022 £ £ £ £ 267,122 284,603 261,615 282,133 - - 66,514 66,514 267,122 284,603 328,129 348,647 9,503 7,019 - - 394,690 54,279 123,533 33,744 434,417 574,447 378,863 378,432 838,609 635,745 502,396 412,176 574,261 288,882 342,620 174,662 264,347 346,862 159,776 237,514 36,111 42,500 - - 495,358 588,966 487,905 586,161 - - - - - - - - 252,368 268,563 252,368 268,563 70,000 70,000 70,000 70,000 172,990 250,403 165,537 247,598 495,358 588,966 487,905 586,161 Group Company

The trustees have prepared the group accounts in accordance with section 398 of the Companies Act 2006 and section138 of the Charities Act 2011. These accounts are prepared in accordance with the special provisions of Part 15 of theCompanies Act relating to small companies and constitute the annual accounts required by the Companies Act 2006.

Approved by the Trustees on: 20 September 2023

David Bailey Chair of Trustees

The notes form part of these financial statements

38

PEEPLE CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2023

Cash flows from operating activities Net income Adjustments for: Depreciation of tangible fixed assets Interest payable and similar charges Loss on disposal of tangible fixed assets Accrued expenses Changes in: Stock Trade and other debtors Trade and other creditors Cash generated from operations Interest paid Net cash from operating activities Cash flows from investing activities Purchase of tangible assets Proceeds from sale of tangible assets Net cash (used in) / from investing activities Cash flows from financing activities Payments of finance lease liabilities Net cash used in financing activities Net increase in cash and cash equivalents Cash and cash equivalents at beginning of year Cash and cash equivalents at end of year	2023 £ (93,607) 27,198 - - 229,713 (2,483) (340,411) 49,277 (130,314) - (130,314) (9,716) - (9,716) - - (140,030) 574,447 434,417	2022 £ 96,080 28,732 - - (138,879) 2,773 169,441 (17,158) 140,990 - 140,990 (6,126) - (6,126) - - 134,864 439,583 574,447

The notes form part of these financial statements

39

PEEPLE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023

1. GENERAL INFORMATION

The charity is a private company limited by guarantee, registered in England and Wales. It is registered as a charity in both England and Wales and Scotland. The address of the registered office is The Peeple Centre, Littlemore, Oxford, Oxfordshire, OX4 6JZ, United Kingdom.

The charity's main purpose is that of a public benefit entity.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Charities Act 2011, Charities and Trustee Investment (Scotland) Act 2005 and the Charity Accounts (Scotland) Regulations 2006 (as amended).

3. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared on the historical cost basis.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Basis of consolidation

The consolidated accounts include the accounts of the company (PEEPLE) and its subsidiary company (PEEP Learning Limited) on a line by line basis made up to 31 March 2023. A separate Statement of Financial Activities and Income and Expenditure Account for the charity has not been presented because the charity has taken advantage of the exemption afforded by section 408 of the Companies Act 2006. Intragroup turnover and profits are eliminated on consolidation.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Fund accounting

Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.

Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.

Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.

Incoming resources

All income is included in the statement of financial activities net of VAT where applicable and when entitlement has passed to the charity, it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:

• income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.

• legacy income is recognised when receipt is probable and entitlement is established.

• income from the pre school and nursery is recognised when the service is provided.

40

PEEPLE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023 (continued)

Accounting Policies (continued)

Resources expended

Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:

• expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities.

• expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.

• other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.

All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.

Depreciation and amortisation

Depreciation and amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Lease premium - 20 years Freehold property - 4 years and 10 years Fixtures, fittings & equipment - 3 years

Amortisation of the leasehold improvements is allocated on a pro-rata basis between the funds used for its purpose.

Investments

Unlisted equity investments are initially recorded at cost, and subsequently measured at fair value. If fair value cannot be reliably measured, assets are measured at cost less impairment.

Listed investments are measured at fair value with changes in fair value being recognised in income or expenditure.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated wheresuch indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

41

PEEPLE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023 (continued)

Accounting Policies (continued)

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.

Debt instruments are subsequently measured at amortised cost.

Taxation

The company (Peeple) is a charitable institution with exemption from UK taxation under section 505 of the Income and Corporation Taxes Act 1988. Its subsidiary (Peep Learning Limited) is subject to UK Corporation Tax based on its profits after making a donation payment to the holding company.

Pensions

Pensions are provided on a defined contribution basis and aligned to those rates required by Auto Enrolment statutory requirements. Individuals have the right to opt out. The contributions made for the year are treated as an expense and were £22,411 (2022: £20,485). The pension expense is allocated in line with the salaries to which they relate.

4. SURPLUS FOR THE YEAR		2023	2022
is stated after charging/(crediting):		£	£
Restricted funds and donations received		290,674	203,727
Restricted capital grant		-	-
Trustees and officers indemnity insurance		337	337
Restricted fund expenditure		290,674	203,727
Auditors remuneration	Audit of the financial statements	6,840	6,500
	Other services	1,800	1,800

The deficit dealt with in the financial statements of the parent company was £98,251 (2022: £95,920 surplus).

5. INCOME

INCOME FROM DONATIONS AND LEGACIES BBC Children in Need Charity of Sir Richard Whittington Dulverton Trust Edina Trust Esmee Fairbairn Foundation Hamilton Trust Isla Foundation Oxfordshire Community Foundation Oxfordshire County Council Other grants Playgroup Victoria Scottish Government Tambour Foundation University of Oxford START project Donations and legacies	Unrestricted Restricted Total Total Funds Funds Funds 2023 Funds 2022 £ £ £ £ - 9,976 9,976 9,144 - 91,267 91,267 81,893 - - - 10,000 12,847 - 12,847 25,816 - - - - 10,000 - 10,000 - 11,169 - 11,169 - 120,807 - 120,807 51,120 - - - 3,994 33,521 - 33,521 7,500 4,121 - 4,121 - - 181,500 181,500 293,165 15,000 - 15,000 10,985 - 7,931 7,931 2,690 18,760 - 18,760 17,794 226,226 290,674 516,900 514,101

5.1 SALES OF PUBLICATIONS AND TRAINING BETWEEN RELATED PARTIES

The total sales by Peep Learning Limited in the year were £217,249, of which £nil was to Peeple itself. Therefore, on consolidation, the sales of publications and training are £217,249 (2022: £280,844).

5.2 PRE SCHOOL AND NURSERY INCOME

The income represents funded places by Oxfordshire County Council and parent fees.

42

PEEPLE

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023 (continued)

6. CHARITABLE EXPENDITURE Early education projects Support costs 7. GOVERNANCE COSTS Salary costs Audit and related fees Other 8. STAFF COSTS Wages and salaries Social security costs Other pension costs	Staff costs £ 811,351 46,125 857,476 (Note 8)	Other costs £ 193,758 59,356 253,114 (Note 9) Unrestricted Funds £ 8,990 6,840 4,127 19,958	Allocation Total of support 2023 £ £ 105,481 1,110,590 (105,481) - 1,110,590 Restricted Total Funds Funds 2023 £ £ - 8,990 - 6,840 - 4,127 - 19,958 2023 £ 776,288 59,327 21,862 857,476	Total 2022 £ 967,097 - - 967,097 Total Funds 2022 £ 8,637 6,500 5,353 20,490 2022 £ 738,776 49,818 20,485 809,080

The average number of employees during the year was 40 (2022: 40). There were 29 (2022: 29) members of staff who were accruing benefits under defined contribution pension schemes.

No employees received remuneration for the year in excess of £60,000.

No remuneration was paid to any trustee during the year to 31 March 2023. Expenses of £nil were reimbursed (2022: £nil).

9. ANALYSIS OF OTHER COSTS - CHARITABLE EXPENDITURE

ALYSIS OF OTHER COSTS - CHARIT Project costs Premises costs Insurance Printing, stationery, postage, telephone an Recruitment, courses and training Motor, travel and subsistence Professional fees Fundraising Bank and financial charges Depreciation and (profit) / loss on sale of fix ANGIBLE FIXED ASSETS Group Cost At 1 April 2022 Additions in year Disposals At 31 March 2023 Depreciation At 1 April 2022 Charge for the year Adjust re disposals At 31 March 2023 Net book value At 31 March 2023 At 31 March 2022	ABLE EXPENDITURE d office costs ed assets Lease premium £ 322,321 - - 322,321 53,759 16,195 - 69,954 252,368 268,563	Freehold property £ 84,809 - - 84,809 84,809 - - 84,809 - -	2023 £ 138,765 30,095 9,741 33,212 2,469 2,064 7,443 - 2,127 27,198 253,114 Fixtures, Fittings & Equipment £ 77,073 9,716 - 86,789 61,032 11,002 - 72,035 14,754 16,041	2022 £ 62,780 15,723 9,056 29,054 2,911 109 7,741 - 1,911 28,732 158,017 Total £ 484,203 9,716 - 493,919 199,600 27,198 - 226,797 267,122 284,603

10. TANGIBLE FIXED ASSETS

43

PEEPLE

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023 (continued)

10. TANGIBLE FIXED ASSETS (continued)

Company Cost At 1 April 2022 Additions in year Disposals At 31 March 2023 Depreciation At 1 April 2022 Charge for the year Adjust re disposals At 31 March 2023 Net book value At 31 March 2023 At 31 March 2022	Lease premium £ 322,321 - - 322,321 53,759 16,195 - 69,954 252,368 268,563	Freehold property £ 23,201 - - 23,201 23,201 - - 23,201 - -	Fixtures, Fittings & Equipment £ 57,984 4,476 - 62,460 44,414 8,799 - 53,213 9,247 13,570	Total £ 403,507 4,476 - 407,983 121,374 24,994 - 146,368 261,615 282,133

11. INVESTMENTS (all held in the UK)

Peeple owns 100% of the issued ordinary share capital of Peep Learning Ltd, a company incorporated in the UK. Its company number is 04089209 and its registered office is the same as Peeple.

The principal activity of Peep Learning Ltd is the sale and distribution of educational literature and associated training.

The book cost of £66,514 represents the net asset value of the company at the date of transfer on 1 April 2012. At 31 March 2023, the net asset value is £73,968 (2022: £69,325). The turnover for the year was £217,249 (2022: £281,019) and the net profit was £4,643 (2022: £161), after a donation to Peeple of £8,050 (2022: £132,450).

12. DEBTORS Trade debtors and grants receivable Amount owing by group undertakings Prepayments Accrued income Other debtors	2023 2022 2023 2022 £ £ £ £ 279,174 46,121 10,873 9,011 - - - 19,357 3,675 3,583 820 801 108,702 4,075 108,702 4,075 3,139 500 3,139 500 394,690 54,279 123,533 33,744 Group Company

13. CREDITORS: Amounts falling due within one year Trade creditors Amount owed to group undertakings Other creditors Taxation and social security Deferred income Accruals Deferred income brought forward Utilised in the year New income Deferred income carried forward Deferred income represents amounts received from grants and training sales reconciliation is as below:

2023 2022 2023 2022 £ £ £ £ 9,479 7,687 8,531 4,905 - - 57,998 - 20,626 7,237 2,375 932 74,530 34,046 23,231 11,965 398,108 186,845 184,436 110,035 71,518 53,067 66,048 46,826 574,261 288,882 342,620 174,662 186,845 336,162 110,035 172,882 (186,845) (336,162) (110,035) (172,882) 398,108 186,845 184,436 110,035 398,108 186,845 184,436 110,035 in respect of subsequent trading periods. The Company Group

4 4

PEEPLE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023 (continued)

14. RESTRICTED FUNDS

Grants have been received to fund the administration costs of various aspects of project work. These grants were for similar purposes and so were aggregated together for accounts purposes.

Grants received during the year Amounts expended Movement on fund Balance brought forward Movement between funds to unrestricted Balance carried forward	Revenue Capital grants grants Total £ £ £ 290,674 290,674 (290,674) - (290,674) - - - - - - - - - - - -

15. UNRESTRICTED FUNDS

The split of the unrestricted funds is as follows:

Balance brought forward Movement during the year Transfer to premises development fund Balance carried forward	General funds Property Premises Total £ £ £ £ 250,403 268,563 70,000 588,966 (77,413) (16,195) - (93,608) - - - - 172,990 252,368 70,000 495,358 Designated funds

The designated property fund (which forms part of the tangible fixed assets) relates to the payment of a lease premium and legal costs for the Little Peeple Nursery in 2018-19 which are subject to amortisation over 20 years which is the life of the lease. The amount in the fund as at the year end represents the remaining balance not yet amortised.

The designated premises development fund was created to set aside funds for the development of permanent premises for Peeple.

16. ANALYSIS OF NET ASSETS (between restricted and unrestricted funds)

Tangible fixed assets Net current assets	Unrestricted Restricted funds funds Total £ £ £ 267,122 - 267,122 228,236 - 228,236 495,358 - 495,358

17. MEMBERS' LIABILITY

Peeple is limited by guarantee and does not have a share capital. The members have undertaken to contribute a sum, not exceeding £1, to the assets in the event of it being wound up.

4 5

SOMÈ of our PÈÈple people

Peeple

Registered charity number:1144975 in England and Wales Registered charity number:SC044031 in Scotland Peeple is also a company limited by guarantee no. 07514469 Peep Learning Ltd is the trading subsidiary of Peeple Company registration no. 04089209 and VAT no. 768 4173 94

Contact details

The Peeple Centre, Littlemore, Oxford, OX4 6JZ Phone: [phone] Website: www.peeple.org.uk Email: [e-mail]

Facebook, Twitter and Instagram @PeepleCentre

Auditors

Mercer Lewin Ltd, Chartered Accountants and Registered Auditors, 6-7 Citibase, New Barclay House, 234 Botley Road, Oxford OX2 0HP