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← Peeple

2024-03-31-accounts

pe9ple Annual Report 2023- 2024

11411

Contents

Highlights 2023 - 2024...................................................................................................................4
Trustees’ annual report for the charity Peeple..............................................................................
6
Executive Summary.......................................................................................................................6
Auditor’s Report..........................................................................................................................34
Consolidated Statement of Financial Activities...........................................................................37
(Including Consolidated Income and Expenditure Account)
Consolidated Statement of Financial Position.............................................................................38
Consolidated statement of Cash Flows.......................................................................................39
Notes to the accounts.................................................................................................................40

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Highlights 2023 - 2024

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learning
together
programme
1,386 practitioners trained to deliver the Peep Learning Together Programme.
13864 Hi 4
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16,623 additional families supported to make the most of everyday learning opportunities.

118 practitioners supported to complete Level 3 accreditation; ‘Supporting Parents and Children to Learn Together’, awarded by AIM.

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antenatal
programme
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135 practitioners trained to deliver the Peep Antenatal Programme.

1,350 additional families supported to develop healthy bonding and attachment.

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82 parents supported to gain an adult learning qualification through the Peep Progression Pathway.

71 families nurtured at Little Peeple Nursery in Littlemore, Oxford.

718 families in less affluent areas of Oxfordshire supported to make the most of the learning opportunities in everyday life.

1,134 children gifted the magic of reading with a free book each month from birth to five through our partnership with Dolly Parton’s Imagination Library.

Evaluated 'Exploring Together’, a programme to support the foundations of STEM.

The Peep Learning Together Programme promoted across Australia by Playgroup Victoria.

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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 2024. The gross income for the Group, comprising the charity and its trading subsidiary Peep Learning Ltd, in 2023-24 was £1,575,930 (2022-23: £1,094,392). Total expenditure of the Group in the year 2023-24 was £1,446,565 (2022-23: £1,187,999) giving a surplus overall of £129,365. Peep Learning Ltd achieved a surplus of £270,158 (up from £12,693 in 2022-23) before making a donation to Peeple.

Peep Learning Ltd develops and sells training, materials and consultancy to support other organisations to use the Peep Learning Together Programme, the Peep Progression Pathway and other programmes across the UK. Profits are passed to the charity by donation at the discretion of the directors of Peep Learning Limited. In 2023-24 £262,600 was transferred by donation to the charity. The fluctuation in Peep Learning Limited turnover year-on-year reflects the unpredictability of training income which is related to the spending power of local authorities who are our main customers. In 2023-24 this included a large amount of training delivered to government funded Family Hubs.

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Welcome to our Annual Report 2023 – 2024

At Peeple, we know that the little things parents* can do every day—singing, chatting, sharing books—make a big difference in helping their children learn and thrive. Our mission is simple but powerful: to support families to give their children the best possible start, especially in communities where that support can make the biggest impact. We do this by working directly with families in Oxford and by training practitioners to deliver our programmes nationally.

This year’s Annual Report celebrates the progress we have made with our partners in creating lasting change for families. We are delighted that over half of the funded Family Hubs across England now include the Peep Learning Together Programme in their menu of support for parents with young children. In Scotland, the Scottish Government’s support through the Whole Family Wellbeing Fund has been a meaningful vote of confidence in our work to improve children’s outcomes and holistic family wellbeing.

We hear from practitioners every day about the transformative effect this work has on families. One said:

‘You completely changed my view of early years learning and the capacity for engagement with parents and how these impact on both children and families. Through a successful Peep Learning Together session you can encourage so much more engagement with families which, in my experience then carries on through into primary school.’ (Practitioner, Fife) .

We also continue to innovate. This year, we completed a pilot of Exploring Together, a new programme to support parents and practitioners to encourage children’s early STEM thinking through everyday activities in the home and their setting. With promising outcomes from an independent evaluation, we secured four years additional funding to develop the programme further and extend its evidence base.

Princ

None of this would have been possible without the support and encouragement of our many colleagues, friends and funders. We are very grateful. We look forward to another year working together towards our common goal that every parent has the support that they need to give their children the best possible start in life.

Sally Smith David Bailey CEO Chair of Trustees

*We use the term parents throughout this report to include anyone with parental responsibility for the children in their care.

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Mission

Peeple exists to help parents improve their children’s life chances, particularly in less affluent areas, by making the most of everyday learning opportunities at home and in the community. We aim to narrow

the gap in attainment by supporting parents in raising their babies and young children to reach their full potential.

We do this by developing interventions which support parents as their children’s first educators, by training practitioners to work with families, and by supporting the implementation of our programmes. We also deliver services directly to families, including early education and childcare, and help parents to gain qualifications which lead to further learning, volunteering, or employment. In addition, we contribute to research and policy development in Early Years education.

Vision

Every family makes the most of day-to-day learning opportunities which improve children’s outcomes and help narrow the gap in attainment.

Principles

We believe that relationships are at the heart of learning. We believe in the potential of every parent, every carer, and every child. We recognise parents and carers for what they already do and help them to do more. We believe that lives can be transformed by building on everyday learning experiences. We recognise the importance of reflecting on the world through the eyes of others.

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Why our work is needed Our vision, mission and principles 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.

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.

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Books are brilliant for brains: they help increase vocabulary, stimulate the imagination and encourage empathy.

Children who have a favourite book are more likely to become confident readers and writers when they grow up. A

One study found that children who had been read to regularly at age five were significantly less likely to be poor by the time they were 30.

It helps when parents understand more about how their children develop and ~Se — learn, and when they believe that they can make a positive difference in their children’s lives.

Princ

The benefits of healthy early development last a lifetime and are carried into the next generation, influencing how they parent their children.

The legacy of the pandemic continues to affect all families, particularly the most disadvantaged.

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 Attainment gap narrows Children's language, cognitive & socioemotional outcomes improve Quality of relationships between parents & their children improve Quality of the Home Learning Environment improves Peep Learning Together Programme embedded in policy Education level &/or aspirations of parents improve WHY Parents belleve they can make a positive difference to their children's lives Parents engage more in learning, volunteering or employment Practitioners upskilled in child development & how to work with parents Parents do more to support their children to learn through play & everyday activities Parents know more about how children learn & develop Pollcy leads to action which supports parents & improves Early Learnlng & Childcare Provide more support for trained practitioners Attredit more parents with Peep Progression Pathway units Share evidence & good prdctlce with the Early Year5 Sector, policy makers & researchers Train & accredit more practitioners to deliver the Peep Learning Together Programme HOW Provlde more servlce dellvery for familie5 Wlth children 0-5 Training, accreditation & support for practitioners Accredited learning for parents Resources for Service delivery including Little Peeple Nurse parents Gathering & sharing Evidence WHAT Peep Learnlng Together Progrdm Peep Progression Pathway 11

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 TogetherW H A T ' S Y O U R Programme and other services to parents, carers and young children in Oxfordshire; early I N F O G R A P H I C T I T L E ? education and childcare at the Little Peeple Nursery; and influencing of national debate and policy.

Aims 2023 - 2024

  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

    1. To accredit more parents with Peep Progression Pathway qualifications

      1. To support more families in Oxfordshire

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

  4. To develop new interventions and to extend the Peep Learning Together Resources.

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

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Achievements and performance (2023– 2024)

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

In 2023 - 24: 

  - 103 Peep Learning Together Programme Training courses were delivered to practitioners from around the UK and Ireland. Many were funded by the Department of Education Family Hub initiative.

  - 1,386 practitioners were trained to deliver the Peep Learning  Together Programme, including 231 from Scotland.

Peep completely changed my view of Early years learning and the capacity for engagement with parents and how these impact on both children and families.

Through a successful Peep session you can encourage so much more engagement with families which, in my experience then carries on through into early level in primary school.

Early Years Development Officer, Fife

Great for building on existing knowledge, this will allow more opportunities to provide parents and children with the best experiences from pre birth and beyond. Aberlour Children's Charity

135 practitioners were trained to deliver the Peep Antenatal Programme. They supported 1,350 (approximately) families to develop strong parent-child bonding and healthy attachment relationships.

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73 practitioners registered for, and 45 completed, ‘Supporting Parents and Children to Learn Together’, a Level 3 qualification awarded by AIM, to quality assure delivery of the Peep Learning Together Programme.

Taking the time to reflect on my practice and the reasons behind the Home Learning Environment has been hugely helpful and has encouraged me to think more widely in my practice.

I have found myself listening more in my sessions to what families are experiencing and challenges they are facing with home learning and have been really encouraged by the way that the group have supported each other with solutions.

Practitioner, Norfolk

Peep Learning Together Programme promoted across Australia by Playgroup Victoria with 80 practitioners trained. Playgroup Victoria received funding from the Australian Government to train 25 trainers to deliver the Peep Learning Together Programme across Victoria, New South Wales, Tasmania, Northern Territories and Southern Australia.

I have been introduced to many programs over my years of working in this sector & this one is the most exciting by far. I love the systematic approach of the planned sessions, the wealth of resources and the ease of use. It is exactly what we were looking for to take our facilitated playgroup to the next level, engaging the parents with developmental information and increasing their involvement in their child’s education. I love that it is evidence-based as well! Pauline Iacono, Director, Mittagong Preschool Kindergarten Inc

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

~~ee~~ This year:

The Facebook page is fun and inspiring and makes delivering activities easy and comfortable. The messages in the posts are great snapshots to pass on to parents.

Family Learning Practitioner, Perth

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  1. To accredit more parents with Peep Progression Pathway qualifications

The Peep Progression Pathway is a suite of qualifications for parents embedded in the Peep Learning Together Programme. The qualifications are credit-rated by the Scottish Qualifications Authority at SCQF levels 3, 4 and 5, equivalent to Entry 3, Level 1 and Level 2 (rest of the UK).

A Pathway qualification can be the first step for parents into volunteering, training, or employment.

82 parents gained an adult learning qualification from the Peep Progression Pathway, based on their participation in the Peep Learning Together Programme.

I’ve really enjoyed the course, it’s made me feel more confident in being a first-time dad and I have discovered lots of activities me and my son can do together.

I feel like I can use the new skills and the knowledge I have learned to help advance E’s development further. I feel that I learned lots of beneficial knowledge throughout the course.

Parent, Inverness

Parent, Derby

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  1. To support more families in Oxfordshire

This year we supported 718 families from The Leys, Rose Hill, Littlemore and Berinsfield in Oxfordshire to make the most of the learning opportunities in everyday life.

Enjoyed the play and discussion of the impact we have and importance of doing things with our children for them to learn. I found it very useful learning how much of an impact we have on children’s learning. Parent

We delivered:

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We now read a bedtime book every
night. We've learnt new nursery
rhymes which has helped
her speech.
Parent
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Me and my daughter loved to join Peep sessions. As a mum I learnt so much from the Learning Together Programme! Parent

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Imagination Library

The Peep Imagination Library is a partnership between Peeple and the Dollywood Foundation. It gifts a book per month to every registered child, from birth to five years of age, living in The Leys, Littlemore, Rosehill and Berinsfield areas of Oxfordshire.

This year:

1,134 children received a free book each month.

10,860 books delivered bringing the total number delivered since the library began to 63,305.

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My son loves having a book
read to him and learning
new words.
Parent
The books are so educational,
not ones we would pick.
Parent
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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:

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Growing Minds began in January 2020. We have now recruited 591 families who are offered support from birth to five, which includes Dolly Parton’s Imagination Library, sustained one-to-one support and home visits, Peep Learning Together groups and a variety of other community-based activities.

I've found the group so helpful for ideas and for community as I adjusted to being a mum. Having a regular session near to me to attend has been so valuable and has given me confidence in entertaining and interacting with my baby in ways shown to be developmentally helpful.

Parent

The Growing Minds annual survey found that:

An Independent Evaluation of Growing Minds was completed in April 2023.

Fiona Gell, Independent Evaluator

There is clear evidence of positive outcomes in terms of improving the home learning environment and strengthening the coping capacity of families, and significant positive impact on the lives of many of the participating families. These achievements are forming the building blocks for improving school readiness and closing the disadvantage gap in the longer-term.

Growing Minds was made possible by Our Common Good and is funded by a consortium of donors.

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5: To provide high quality early education and care via the Little Peeple Nursery

At Little Peeple, we aim to foster a lifelong love of learning, which supports children to flourish and fully develop their skills and abilities. We allow children to explore, learn and investigate at their own pace, taking an active role in their learning through a balance of child-initiated play, guided learning and direct teaching. We seek to facilitate moments of awe and wonder to ignite the children’s natural curiosity and provide high quality teaching and learning opportunities to support, nurture and encourage their development.

Over the past five years you have all become part of our extended family, thank you so much for looking after our two boys, caring and loving them. They’ve always felt happy Readers appreciate and secure at nursery, just a quick bye-bye and off they went every morning to play, accurate information laugh, read and experience the world.

Parent

Relationships are at the heart of our service. We feel we are only a small part of child’s life and it is what parents do that makes the real difference. We value the small part that we play in the children’s and families’ lives and respect parents as the first and most enduring educators. We work in partnership with parents to provide a consistent, supportive and collaborative approach.

Thank you so much for all the care, patience and love you have shown N during her time at Little Peeple, we deeply appreciate the positive impact you’ve hadReaders appreciate on her development and growth. accurate information Parent

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We share information and ideas with parents from our evidence-based Peep Learning Together Programme about how to make the most of the learning and play opportunities that surround us in everyday life. We encourage families to share the wonderful things they do at home through the online learning journal, Tapestry, and invite families to come in and share their occupations, interests and hobbies as these are important sources of knowledge and cultural capital for all the children in our care.

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----- Start of picture text -----
Thank you so much for ’
all you have done to help ; | Le . \ >
and support my son to
itis we °
develop and grow over the < -
past three years.
- A c/
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Parent
----- End of picture text -----

Babies crawl towards the 'story corner' when they see staff preparing for 'singing time'. They join in with actions and sounds. They take turns to choose props from the bag to use as they sing. Older children are equally as Readers appreciate enthusiastic. There are always staff available accurate information and willing to read books to individual or small groups of children. Children snuggle in, turn the pages and point to the pictures.

Thank you for supporting the year 10 students from The Oxford Academy and providing an invaluable experience. The positive impact of Readers appreciate these experiences is evident, as many of our accurate information year 11 students continue to have fond memories and lessons learned.

We invest in our staff with regular training and learning opportunities and provide work experience for pupils from The Oxford Academy; this investment in the local community and potential Early Years workforce are important elements of our service.

Little Peeple is a 44-place day nursery and pre-school for children aged six months to four years. Opened in 2018, it was built by Peeple in partnership with The Oxford Academy and Oxfordshire County Council. This year, Little Peeple was attended by 71 individual children.

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  1. To develop new interventions

Exploring Together

Children’s early STEM learning grows from their natural curiosity and engagement in real-world experiences and play. These are enhanced through interaction with adults who share the child’s interest, and can be extended with relevant knowledge, vocabulary, and ideas.

Over the past three years, we have developed and piloted Exploring Together, an intervention which aims to improve practitioners’ and parents’ confidence, knowledge and skills to support early STEM learning. The intervention has two elements: Exploring Together Training for practitioners, and the Exploring Together Programme for parents.

We are enjoying exploring outside, the water in the puddles, counting the buses, looking at the planes, trees around him. He will tell me what he can see Readers appreciate accurate and hear, and he definitely enjoyed being outside, because we live in a small flat so it's not that big... information My other son he was getting involved as well, so we were all doing it together and enjoyed it as a family.

Parent

This year, Exploring Together was evaluated by the Institute of Employment Studies and the University of Oxford in six early years settings in the London boroughs of Newham and Redbridge.

The evaluation found that parents:

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She knows so many new words and can understand so much. She has a different method of thinking...she understands to Readers appreciate accurate a much higher level. information Parent

The nursery were saying that he's changed so much, speaking more, coming in with ideas...I think it helped him a lot. Readers appreciate accurate Parent information

Practitioners universally reported enjoying and learning from the Exploring Together Programme. They often felt that the Programme changed their perspectives on their own practice as early years professionals and helped them to feel more confident in their interactions with parents.

The project is funded by the Charity of Sir Richard Whittington, for which the Mercers' Company is corporate trustee, and is part of the Company's Early Years Special Initiative.

START

The START Project aims to help toddlers with a family connection to autism or Attention Deficit Hyperactivity Disorder (ADHD) to develop strong attention, regulation and thinking skills. It is led by Dr Alexandra Hendry, a developmental psychologist at the University of Oxford, and funded with a fiveyear grant from the National Institute of Health Research. The START programme is based around the Peep Learning Together Programme, and we are partnering with Oxford University on the project. This year we delivered START groups as part of a small-scale Randomised Controlled Trial of the programme.

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

Playgroup Victoria

In October 2023, our CEO, Sally Smith and our National Training and Accreditation Manager, Liz Ersoy, visited Playgroup Victoria in Melbourne. Playgroup Victoria hold the licence for the Peep Learning Together Programme in Australia. Claire Georgiou is Playgroup Victoria’s Peep National Manager and has been at the heart of Peep training and support in Australia for the last few years. By providing online training, establishing communities of practice and fostering valuable partnerships, the Peep programme is now being used in every state and territory across Australia.

Peep was a focus of the Playgroup Victoria Conference, where 300+ professionals from a wide range of early years settings gathered together. Sally delivered a keynote speech about Peep and the important role of Playgroup Victoria.

Liz participated in a lively panel discussion focusing on children’s agency in the early years.

The trip also provided opportunities to visit Peep groups and have valuable discussions with families, professionals and researchers. These included the Parenting Research Centre, the Australian Catholic University, Thrive by Five, Monash University, the Tomorrow Today Foundation, Milla Milla Aboriginal Playgroup and the Wathaurong Aboriginal Children Services Centre.

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Growing Minds

Growing Minds Manager, Becky Young, was invited by the Sutton Trust to speak about Growing Minds at the Social Mobility All Party Parliamentary Group (APPG) at the House of Commons in July. The theme was parental engagement as a tool for social mobility, and she shared our learning around engaging with parents as early as possible in children’s lives.

Our Growing Minds Learning Day included presentations on the evaluation of the project, the Imagination Library, the Oxford Story Museum, and the Oxford Brain Story from Professors Louise Dalton and Elizabeth Rappa from the University of Oxford. These events enable us to reflect on the last few months - what we did, what changed within our communities, and what we learned - helping us to plan for the future.

Campaigns

We continue to lend our voice to campaigns, alongside organisations with a similar mission, to further the cause of parenting, Early Years and the Early Learning and Childcare Sector.

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Peep Learning Together Programme

The Peep Learning Together Programme aims to improve the quality of relationships between parents/carers and their children, and the quality of the Home Learning Environment, because both are shown by research to help children to do well in school and beyond. The Programme can be used flexibly - in the home, in universal or targeted groups, in drop-in sessions, in nurseries and schools – wherever families spend their time.

The Programme explains to parents about how babies and young children learn and develop, helping them build on what they are already doing at home to support their children’s learning. It also promotes parental confidence, self-esteem, and social support.

Evidence base

The Learning Together Study was a large-scale Randomised Controlled Trial of the Peep Learning Together Programme with 139 settings and 1,440 families. It was carried out by Queens University Belfast and funded by the Education Endowment Foundation.

Improving outcomes for children

Overall, the study found that the Programme made a made a positive difference of an additional two months’ progress over a five-month period to children’s early literacy development.

...and narrowing the attainment gap

However, the Peep Learning Together made the greatest difference to the most disadvantaged children, those eligible for Early Years Pupil Premium, who made an additional four months’ progress in core language skills, four months’ additional progress in communication, and three months’ additional progress in early literacy development.

Consistent with the Programme’s Theory of Change, the study also found that the Peep Learning Together Programme had a positive effect on parents, who reported improvements in:

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Financial Review

The gross income for the Group (comprising the charity and its trading subsidiary, Peep Learning Ltd) in 2023-24 was £1,575,930 (2022-23: £1,094,392). Total expenditure of the Group in the year 2023-24 was £1,446,565 (2022-23: £1,187,999) giving a surplus overall of £129,365. Peep Learning Ltd achieved a surplus of £270,158 (up from £12,693 in 2022-23) before making a donation to Peeple. The fluctuation in Peep Learning Limited turnover year on year reflects the unpredictability of training income which is related to the spending power of local authorities who are among our main customers. In 2023-24 this included a large amount of training delivered to government funded Family Hubs.

The charity’s main expenditure is that of wages and salaries. Staff are recruited based on their specific skillsets to the various activities of the charity, and according to the requirements of grants received and trading activities. Most employment contracts are permanent, and the majority are part time, with fixed term contracts being offered where appropriate to reflect the requirements of the activities, thereby maximising value for money.

The charity’s subsidiary company, Peep Learning Ltd (PLL), develops and sells materials, training and consultancy to support other organisations to use the Peep Learning Together Programme and Peep Progression Pathway in different parts of the country. The main two-day training is known as the Peep Learning Together Programme Training. One-day training courses courses, the Peep Antenatal Programme, the Peep Progression Pathway and Early Communications Matters (which was replaced by TALK in 2024) continue to be offered. Profits are passed to the charity by donation at the discretion of the directors of PLL. In 2023-24 £262,600 was transferred by donation to the charity.

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Future plans (2024 - 2025)

Aim 1: To train and accredit more practitioners to support more families with their young children’s learning.

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

Aim 3: To accredit more parents with Peep Progression Pathway units.

Aim 4: To support more families in Oxfordshire.

Aim 5: To provide high quality early learning and childcare at the Little Peeple Nursery.

Aim 6: To develop new interventions and to extend the Learning Together Programme resources.

Aim 7: To share evidence and good practice with the Early Years sector, policy makers and researchers.

Aim 8: To ensure good governance, management, and infrastructure.

Reserves

The charity relies on human resources to deliver its programme, and the trustees are conscious 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 being made.

The trustees consider that the minimum level of reserves should be three months of fixed costs. On this basis, the level of readily accessible reserves should be in the region of £270,000. As of 31st March 2024, the total unrestricted reserves were £388,550 (31.3.23 = £242,990); trustees have agreed to set aside £120,000 from unrestricted reserves in a designated premises development fund aimed at securing our own permanent premises.

A finance meeting takes place before each full board meeting, which reviews the level of reserves with these criteria in mind.

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Risks

The trustees have reviewed the major risks to which the charity is exposed, and systems have been put in place to mitigate those risks. These are reviewed by the full board on a regular basis. Major risks considered in 2023-24 and steps taken include:

Structure, governance, management and staff

The trustees (directors) who served Peeple during the year were as follows:

David Bailey, Chair Teresa Smith Mark Harris Nancy Stimson Neil McClelland Dr Alison Street Professor Mary Wild, Vice Chair

New trustees are invited to join the board by the current trustees. Peeple’s deed sets a maximum of 10 trustees who can serve at any one time.

The organisation is governed by a Memorandum and Articles of Association which sets out rules governing meetings, trustee recruitment, powers and responsibilities of trustees.

Trustees are kept up to date by a detailed report from the Chief Executive Officer (CEO) on progress in achieving our strategic aims and objectives at each board meeting, and by emails between meetings. Time is also set aside at board meetings to discuss strategy and update knowledge on governance and related matters. Trustees undertake online safeguarding training every three years, or whenever guidelines change. Individual trustees take on responsibility for

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keeping the organisation up to date on specific areas e.g. governance and risk management. They work with staff in committees (HR, Finance, Projects) to contribute their specific knowledge and expertise.

Governance and management

Day to day management is delegated by the trustees to the CEO. Dr Sally Smith is the current CEO. Trustees are responsible for the overall strategy of the organisation and the appointment of the CEO.

Staff

Peeple had an average of 48 employees during 2023-24. Of these, 19 were in early education and childcare roles, ten worked in local programme delivery, ten worked in training, accreditation and development, including three based in Scotland, two in communications and marketing and seven worked in the Head office functions of CEO, senior management, finance & HR and general administration. The total full-time equivalent staff in March 2024 was 33. All professional staff have significant skills and knowledge in the field.

Responsibilities of the trustees/directors

Company law requires the trustees to prepare accounts for each financial year which give a true, fair view of the state of the affairs of the company and of the surplus or deficit of the company for that period. In preparing those financial statements the trustees are required to:

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the company, and to enable them to ensure that the accounts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company, and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees confirm that:

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Solicitors, bankers and auditors

Solicitors: Bates Wells Braithwaite LLP, London (charity and IPR matters) Lewis Silkin (employment matters) Bank: Lloyds Bank, Headington, Oxford Auditors: Mercer Lewin Ltd, Chartered Accountants and Registered Auditors, 6-7 Citibase, New Barclay House, 234 Botley Road, Oxford OX2 0HP

On behalf of the trustees/directors Date: 4 December 2024

David Bailey

This report and financial statements of Peeple for the year ended 31 March 2024 have been prepared in accordance with the provisions of the Charities Act 2011, the charity’s governing document, the Statement of Recommended Practice “Accounting for Charities”, the Companies Act 2006 (part 15), the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). Accordingly, the accounts consolidate the results of the charity with those of its subsidiary company, Peep Learning Limited (PLL).

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L

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

PEEPLE AUDITED CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

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

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PEEPLE

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF PEEPLE YEAR ENDED 31 MARCH 2024

Opinion

We have audited the financial statements of Peeple for the year ended 31 March 2024 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:

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.

35

PEEPLE INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF PEEPLE (continued) YEAR ENDED 31 MARCH 2024

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:

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:

36

PEEPLE

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF PEEPLE (continued) YEAR ENDED 31 MARCH 2024

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:

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

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

24 October 2024

37

PEEPLE CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024

Unrestricted Restricted Total funds Total funds
funds funds 2024 2023
Note £ £ £ £
INCOME
Income from donations and legacies 5 207,038 390,032 597,070 516,900
Income from charitable activities
Sales of publications and training 5.1 595,307 - 595,307 217,220
Nursery income 5.2 367,221 - 367,221 344,600
Other income 16,331 - 16,331 15,672
Total income 1,185,897 390,032 1,575,930 1,094,392
EXPENDITURE
Cost of generating funds - publications and training 111,893 - 111,893 48,461
Cost of generating funds - other 8,797 - 8,797 8,990
Charitable activities 6 915,717 390,032 1,305,750 1,110,590
Governance costs 7 20,124 - 20,124 19,958
Total expenditure 1,056,532 390,032 1,446,565 1,187,999
NET INCOME /(EXPENDITURE) AND NET 129,365 - 129,365 (93,607)
MOVEMENT IN FUNDS FOR THE YEAR
Reconciliation of funds
Total funds brought forward 495,358 - 495,358 588,966
TOTAL FUNDS CARRIED FORWARD 624,723 - 624,723 495,358

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

38

PEEPLE CONSOLIDATED STATEMENT OF FINANCIAL POSITION AS AT 31 MARCH 2024

Group Company Company
2024 2023 2024 2023
Note £ £ £ £
FIXED ASSETS
Intangible assets 10 12,155 - 3,111 -
Tangible assets 11 256,514 267,122 252,494 261,615
Investments 12 - - 66,514 66,514
Total Fixed Assets 268,670 267,122 322,119 328,129
CURRENT ASSETS
Stocks 3,722 9,503 - -
Debtors and prepayments 13 446,373 394,690 176,817 123,533
Cash at bank and in hand 571,075 434,417 299,244 378,863
Total Current Assets 1,021,171 838,609 476,062 502,396
CREDITORS: Amounts falling due within one year 14 634,476 574,261 188,470 342,620
NET CURRENT ASSETS 386,695 264,347 287,592 159,776
CREDITORS: Amounts falling due after more than
one year 30,641 36,111 - -
TOTAL ASSETS LESS LIABILITIES 624,723 495,358 609,711 487,905
RESERVES
Restricted income funds 15 - - - -
Restricted capital funds - - - -
Unrestricted funds Designated property fund 16 236,173 252,368 236,173 252,368
Designated premises fund 120,000 70,000 120,000 70,000
General funds 268,550 172,990 253,538 165,537
TOTAL CHARITY FUNDS 17 624,723 495,358 609,711 487,905

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 the Companies Act relating to small companies and constitute the annual accounts required by the Companies Act 2006.

Approved by the Trustees on: 24 October 2024

David Bailey Chair of Trustees

The notes form part of these financial statements

39

PEEPLE CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024

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 intangible and 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		 2024
£
129,365
28,749
-
-
(15,254)
5,780
(51,684)
69,998
166,955
-
166,955
(30,297)
-
(30,297)
-
-
136,658
434,417
571,075		 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

The notes form part of these financial statements

40

PEEPLE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024

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 2024. 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. Intra-group 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:

41

PEEPLE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 (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:

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.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Other intangible assets are being amortised evenly over their estimated useful life of three years.

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 intangible and tangible 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. 42

PEEPLE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 (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 £24,749 (2023: £22,411). The pension expense is allocated in line with the salaries to which they relate.

4. SURPLUS FOR THE YEAR 2024 2023
is stated after charging/(crediting): £ £
Restricted funds and donations received 390,032 290,674
Restricted capital grant - -
Trustees and officers indemnity insurance 337 337
Restricted fund expenditure 390,032 290,674
Auditors remuneration Audit of the financial statements 7,100 6,840
Other services 1,900 1,800

The surplus dealt with in the financial statements of the parent company was £118,695 (2023: £98,251 deficit).

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
Other grants
Playgroup Victoria
Scottish Government
Tambour Foundation
University of Oxford START project
Donations and legacies		 Unrestricted
Restricted
Total
Total
Funds
Funds
Funds 2024
Funds 2023
£
£
£
£
-
4,738
4,738
9,976
-
131,104
131,104
91,267
35,000
-
35,000
-
14,195
-
14,195
12,847
-
-
-
-
10,000
-
10,000
10,000
18,614
-
18,614
11,169
11,000
-
11,000
120,807
66,250
-
66,250
33,521
-
-
-
4,121
-
238,741
238,741
181,500
-
-
-
15,000
-
15,449
15,449
7,931
51,979
-
51,979
18,760
207,038
390,032
597,070
516,900

5.1 SALES OF PUBLICATIONS AND TRAINING BETWEEN RELATED PARTIES

The total sales by Peep Learning Limited in the year were £595,307, of which £8,500 was to Peeple itself. Therefore, on consolidation, the sales of publications and training are £586,807 (2023: £217,249).

5.2 PRE SCHOOL AND NURSERY INCOME

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

43

PEEPLE

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 (continued)

6. CHARITABLE EXPENDITURE
6. CHARITABLE EXPENDITURE Staff Other Allocation Total Total
costs costs of support 2024 2023
£ £ £ £ £
Early education projects 895,208
250,410
160,132		 1,305,750 1,110,590
Support costs 85,188
74,944		 (160,132) - -
980,397
325,354
-		 1,305,750 1,110,590
7. GOVERNANCE COSTS (Note 8) (Note 9)
Unrestricted		 Restricted Total Total
Salary costs Funds
£
8,797		 Funds
£

-		 Funds 2024
£
8,797		 Funds 2023
£
8,990
Audit and related fees 7,100
-		 7,100 6,840
Other 4,227
-		 4,227 4,127
20,124
-		 20,124 19,958
8. STAFF COSTS 2024 2023
Wages and salaries £
890,034		 £
776,288
Social security costs 66,147 59,327
Other pension costs 24,216 21,862
980,397 857,476
The average number of employees during the year was 45 (2023: 40). There were 34 (2023: 29) members of staff who were accruing
benefits under defined contribution pension schemes.
One employee received remuneration for the year within the £60,000 - £69,999 band (2023: nil).
No remuneration was paid to any trustee during the year to 31 March 2024. Expenses of £nil were reimbursed (2023: nil).

9. ANALYSIS OF OTHER COSTS - CHARITABLE EXPENDITURE

9. ANALYSIS OF OTHER COSTS - CHARITABLE EXPENDITURE
Project costs
Premises costs
Insurance
Printing, stationery, postage, telephone and office costs
Recruitment, courses and training
Motor, travel and subsistence
Professional fees
Fundraising
Bank and financial charges
Depreciation and (profit) / loss on sale of fixed assets
10. INTANGIBLE FIXED ASSETS
Group
Cost
At 1 April 2023
Additions in year
Disposals
At 31 March 2024
Amortisation
At 1 April 2023
Charge for the year
Adjust re disposals
At 31 March 2024
Net book value
At 31 March 2024
At 31 March 2023		 2024
£
204,964
21,047
12,889
34,255
3,986
2,944
13,059
1,234
2,226
28,750
325,354		 2023
£
138,765
30,095
9,741
33,212
2,469
2,064
7,443
-
2,127
27,198
253,114
Other
intangible
assets
£
-
13,044
-
13,044
-
889
-
889
12,155
-

44

PEEPLE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 (continued)

10. INTANGIBLE FIXED ASSETS - continued

Company
Cost
At 1 April 2023
Additions in year
Disposals
At 31 March 2024
Amortisation
At 1 April 2023
Charge for the year
Adjust re disposals
At 31 March 2024
Net book value
At 31 March 2024
At 31 March 2023
ANGIBLE FIXED ASSETS
Group
Cost
At 1 April 2023
Additions in year
Disposals
At 31 March 2024
Depreciation
At 1 April 2023
Charge for the year
Adjust re disposals
At 31 March 2024
Net book value
At 31 March 2024
At 31 March 2023
Company
Cost
At 1 April 2023
Additions in year
Disposals
At 31 March 2024
Depreciation
At 1 April 2023
Charge for the year
Adjust re disposals
At 31 March 2024
Net book value
At 31 March 2024
At 31 March 2023		 Lease
premium
£
322,321
-
-
322,321
69,954
16,195
-
86,149
236,173
252,368
Lease
premium
£
322,321
-
-
322,321
69,954
16,195
-
86,149
236,173
252,368		 Freehold
property
£
84,809
-
-
84,809
84,809
-
-
84,809
-
-
Freehold
property
£
23,201
-
-
23,201
23,201
-
-
23,201
-
-		 Fixtures,
Fittings &
Equipment
£
86,789
17,253
-
104,042
72,035
11,665
-
83,700
20,342
14,754
Fixtures,
Fittings &
Equipment
£
62,460
15,791
-
78,251
53,213
8,717
-
61,930
16,321
9,247		 Other
intangible
assets
£
-
4,000
-
4,000
-
889
-
889
3,111
-
Total
£
493,919
17,253
-
511,172
226,797
27,860
-
254,658
256,514
267,122
Total
£
407,983
15,791
-
423,774
146,368
24,912
-
171,280
252,494
261,615

11. TANGIBLE FIXED ASSETS

45

PEEPLE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 (continued)

12. 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 2024, the net asset value is £81,526 (2023: £73,968). The turnover for the year was £595,307 (2023: £217,249) and the net profit was £7,558 (2023: £4,643), after a donation to Peeple of £262,600 (2023: £8,050).

13. DEBTORS

Trade debtors and grants receivable
Prepayments
Accrued income
Other debtors		 2024
2023
2024
2023
£
£
£
£
252,190
279,174
4,610
10,873
28,164
3,675
6,187
820
162,881
108,702
162,881
108,702
3,139
3,139
3,139
3,139
446,373
394,690
176,817
123,533
Group
Company

14. CREDITORS: Amounts falling due within one year

EDITORS: Amounts falling due within one year
Trade creditors 2024
2023
2024
2023
£
£
£
£
38,410
9,479
10,684
8,531
Group
Company
Amount owed to group undertakings - -
42,157
57,998
Other creditors 23,915 20,626
3,861
2,375
Taxation and social security 117,778 74,530
25,269
23,231
Deferred income 361,408 398,108
21,926
184,436
Accruals 92,965 71,518
84,572
66,048
634,476 574,261
188,470
342,620
Deferred income represents amounts received from grants and training sales in respect of subsequent trading periods. The
reconciliation is as below:
Deferred income brought forward 186,845 186,845
184,436
110,035
Utilised in the year (186,845) (186,845)
(184,436)
(110,035)
New income 361,408 398,108
21,926
184,436
Deferred income carried forward 361,408 398,108
21,926
184,436
STRICTED 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 Revenue
Capital
grants
grants
Total
£
£
£
390,032
-
390,032
Amounts expended (390,032)
- (390,032)
Movement on fund -
-
-
Balance brought forward -
-
-
Movement between funds to unrestricted -
-
-
Balance carried forward -
-
-

15. RESTRICTED FUNDS

46

PEEPLE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 (continued)

16. 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
£
£
£
£
172,990
252,368
70,000
495,358
145,560
(16,196)
-
129,364
(50,000)
-
50,000
-
268,550
236,173
120,000
624,723
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 2018-2019 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.

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

Intangible fixed assets
Tangible fixed assets
Net assets		 Unrestricted Restricted
funds
funds
Total
£
£
£
12,155
-
12,155
256,514
-
256,514
356,053
-
356,053
624,723
-
624,723

18. 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.

47

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: 01865 395145 Website: www.peeple.org.uk Email: info@peeple.org.uk

Facebook, Twitter and Instagram @PeepleCentre