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← Centrepeace

2023-10-31-accounts

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Trustees’ Report for the Year Ended 31[st] October 2023

Charity Registration Number: 1150049 (registered on 5[th] December 2012) Company Registration Number: 8215824 (registered on 14[th] September 2012) Registered Office (and operational address): 56 Palace Avenue, Paignton, Devon, TQ3 3HF

Directors/Trustees as at 31[st] October 2023:

Lisa Emberson (re-appointed 15[th] June 2021) Sarah Parris - resigned 14[th] July 2023 Teresa Emberson (re-appointed 15[th] June 2021) Linda Gillespie (re-appointed 23[rd] August 2022) Pamela Harvey (re-appointed 23[rd] August 2022) Tracey White appointed 31[st] March 2023 Darren Mulhall appointed 31[st] March 2023

Management Team as at 31[st] October 2023:

Maya King Joint Centre Manager Dennise Mulhall Joint Centre Manager Teresa Emberson Treasurer Linda Gillespie Office Administration Assistant Lucy Gubbin Volunteer Co-Ordinator

ORGANISATION STRUCTURE

CentrePeace is a Charitable Company Limited by Guarantee . The company was established under a Memorandum of Association, which sets out the objects and powers of the charitable company and is governed under its Articles of Association.

The directors of the company are also charity trustees, under charity law. They work closely with the management team, who liaise on a regular and ongoing basis with the shop and café volunteers. The ethos of CentrePeace is one of inclusion and equality and so they very much work together to make decisions affecting the charity, always considering and encouraging input from the volunteer staff and local community – by way of chatting whilst visiting shop or cafe, a suggestion box, monitoring forms and ‘open house’ events. This informal approach, we have found, continues to help us to process feedback effectively, implement decisions quickly and keep in touch with the needs of the community.

Staff: There are currently five salaried staff, four of which are funded by the Big Lottery: Two Joint Centre Managers, the Volunteer/Wellbeing Co-Ordinator and the Counselling CoOrdinator are funded and the Café Co-Ordinator is paid from earned income.

The Centre Manager position continues to be held jointly, by Dee Mulhall and Maya King.

Lucy Gubbin joined us as Volunteer Co-Ordinator on 21[st] November 2022, which lessened the load on Maya and gave her more time to focus on her Centre Manager role. (She had been acting as Volunteer Co-Ordinator aswell, temporarily, until we filled the post). Dee was also working in a second role – that of Café Co-Ordinator, until August 2023, when Sarah Parris rejoined CentrePeace. Having worked as Centre Manager for many years, Sarah’s knowledge and experience has been invaluable since she was persuaded back as part time Café CoOrdinator and this has also freed Dee up to focus on her Centre Manager Role. Our previous Café-Co-ordinator had sustained a heart attack and was unable to resume such a physically demanding role. We employed a successor, but he decided that the role was not for him and so we were very grateful that Sarah took on the role, with all her previous experience.

We are extremely grateful, to both Dee and Maya, for taking on the extra responsibility until the positions were filled.

Rachael Thomas is still Counselling Co-Ordinator and continues to liaise with various counselling colleges (the three main ones being Devon Counselling College, Heartwood and Iron Mill), endeavouring to build the number of students volunteering at CentrePeace, in order that more clients may be taken on.

The other members of the Management Team give their time voluntarily and receive no benefits from the charity.

CentrePeace is an entirely volunteer based, community driven, people centred initiative . It is a well-established drop-in, community support centre, with its own charity shop and café, that promotes community cohesion and wellbeing through connecting people, whatever their age or socio-economic background, with services, resources and social networks in their own community. CentrePeace offers a range of free in-house services, from counselling and support groups to skills workshops and employability support. We provide a comfortable, safe space where people feel valued and welcome and are able to find help that they might need, either from our own resources or with our assistance.

Our financial position remains stable and we have been investing more of our reserves in the community, by way of extra free workshops and groups. We have also continued to hold down prices in the cafe, absorbing the cost of living rises so that our visitors may still have access to good, nutritious food at very low prices and also be able to connect with friends in the café, without it being too expensive. Our charity shop continues to offer a wide variety of clothes and essentials at extremely reasonable cost.

Some of the groups, workshops and events we have been able to provide this year have been:

All our craft groups and other friendship groups provide mutual support. Many people find comfort just by being listened to in a friendly, attentive, non-judgemental way.

As well as creating income for the charity, both the shop and cafe continue to provide a comfortable, welcoming and inclusive ‘first stop’ for anyone needing assistance . The café is a real community hub where people meet up with friends, form new friendships and have a safe space to be. We have many people who come in almost every day and some every day, to take advantage of our low cost, nutritious meals. We find that some of our visitors form friendships and bonds that enable them to support each other outside the centre, for example to accompany each other to appointments and meetings.

We do not restrict our care to any particular sections of society but welcome all members of the community, whatever their demographic, personal situation or needs. Whereas we cannot always meet the ongoing professional needs of some of our visitors, we can always offer help in times of crisis and support them while we assist in finding the appropriate help by signposting to suitable agencies. We have provided crisis food packages and free clothes to those in need, as well as formal counselling and general support. Many people have come in simply needing help with filling in forms or help with other issues regarding, for example:

COUNSELLING SERVICE

The counselling service continues to recover and grow and we now have seven counsellors working with sixteen clients. Our counselling co-ordinator continues to liaise with the local counselling colleges, seeking to recruit more student counsellors for their placements.

VOLUNTEERS

We cannot speak highly enough of our volunteers. They are an essential, much respected and appreciated part of our charity, having between them an extensive skill base and resource pool that greatly enhances our ability to help our visitors. Some have physical conditions, mental health challenges and learning difficulties, but all are encouraged to – and are proud to - work to their potential. We have a comprehensive support structure to meet the needs of our volunteer staff, ranging from one to one mentoring to freely available counselling.

Our Volunteer Co-Ordinator works hard to bring new volunteers on board and to make sure that those already with us are able to achieve to their full potential. This includes each volunteer having a folder, within which they can record any training, certificates or notes that they wish to make. Some of our volunteers have been with us right from the beginning – nearly ten years! All of them work with a dedication and commitment that we are truly grateful for.

All volunteers are encouraged to take an active role in the development of the centre and all say that their sense of purpose and self-esteem have improved since joining the CentrePeace ‘family’.

CHANGES/IMPROVEMENTS THIS YEAR

We ran a ‘Stop Motion’ animated film workshop. Out of this was created a fifteen minute, animated film, focussing on mental health. This then led to a collaborative film premiere, with ‘Turning Heads’, a local CIC dealing with young, disabled adults, at the Royal Lyceum Theatre in Torquay

COMPLIANCE

We are fully compliant with GDPR and our policies are reviewed on a regular basis.

All volunteers and staff working with food have access to relevant courses for their work. A First Aid course is offered on a regular basis.

FUNDING & SUSTAINABILITY

We are still financially stable and are able to meet our day to day running expenses and employ a Café Co-Ordinator from earned income.

The trustees made the decision to increase spending on provision for visitors and volunteers as it was pointed out that our reserves were increasing. As a charity serving the community, we did not want to be seen to be ‘hoarding’ funds. We have held events for volunteers and offered extra, free of charge, workshops.

RESERVES POLICY

Currently, we hold six months average expenditure as a contingency fund. We do not have any outstanding loans.

CURRENT SERVICES

Community Café: Warm, safe and friendly atmosphere providing affordable, nutritious food.

Charity Shop: selling quality clothes and other items at real, affordable charity shop prices.

Counselling Service: A robust, professionally run, free counselling provision.

Food Parcels: a back up service for Paignton Community Food Larder; we hold some of their food parcels at the centre, which people in need can collect when the food bank is closed. Health and Wellbeing: People are able to come and talk problems through with a friend or member of staff.

Signposting: A comprehensive resource list of local services and provisions is available to our visitors.

SAFEGUARDING AND RISK MANAGEMENT

Risk assessments are carried out on a daily basis, in the various areas of the centre.

Our safeguarding procedures are robust, real and regularly reviewed. Our Safeguarding Officers are the joint Centre Managers, Maya King and Dee Mulhall. We have external safeguarding consultants we can call upon to attend meetings, offer professional advice and guidance over issues as they arise and support us through difficult situations.

One of our management team is a qualified, experienced counsellor and all have experience in giving support to vulnerable people.

In order to best support volunteers at risk, a member of staff will act as personal mentor to guide that individual through a difficult time and ensure they are heard, receive the help they need and are signposted to the right services. The board of trustees remain actively involved at the centre; some on an almost daily basis, others less frequently. However, all are available to help address sensitive issues as they arise and support one another through to a resolution.

FUTURE PLANS

Our ethos remains that we should always be community driven and practical experience gives us awareness of what people in our locality need. Because we do not limit our help to any one demographic, our future plans are of a broad nature and are separated into two strands: securing the sustainability of the building and maintaining and extending our range of services.

Staff – Details of our current staff are above and we feel that we have a cohesive team to meet the needs of the community.

Building – The sustainability of the building is secured by continuing to work hard to maintain and improve income from wherever possible, to pay the rent and other overheads.

Volunteers - We continue to develop a comprehensive support structure to meet the needs of our volunteer staff. We will continue to make their ‘career’ and achievements at CentrePeace documented more formally, through each volunteer having a folder, containing any certificates gained and progress made, as well as their own thoughts and feedback.

We are arranging more social events, for volunteers and visitors, to encourage social interaction. We also aim to organise more regular volunteer team building activities and training opportunities (both formal and informal).

Counsellors: We continue to support their professional development as much as possible. Our relationship with the regional counselling colleges is strong which augurs well for the growth of our counselling service.

Health and Nutrition: When possible, we will continue our plans to Increase provision of various cooking workshops. We have regular ‘International Menus’.

Wellbeing: We intend to further our wellbeing provision through facilitating more mindfulness and other groups and by organising regular social events to encourage social interaction. Employability: To continue various workshops, Training in First Aid, Health and Safety at Work, and Food Safety and Hygiene. Also, Listening Skills; ITC skills and the provision of a computer suite; hosting various groups and therapists.

Fundraising – We continue to hold various fundraising events for the benefit of the centre and its community.

In preparing this report, the trustees confirm that they have given due regard to the Charity Commission’s public benefit guidance, where relevant.

Appendix 1

Organisatons with whom CentrePeace works and networks

Torbay and South Devon Health Care Trust – Social Services, Safeguarding Devon Partnership Trust – Mental Health Services, Care coordinators, Depression & Anxiety Service Shrublands Drug & Alcohol services / Torbay Drug and Alcohol Service / TRIP (Torbay Recovery Information Project) – signposting and 1:1 meetings DWP – Benefits including PIP & ESA claims Alcoholics Anonymous – informal gatherings Torbay Community Development Trust (TCDT) - Community Builders & Positive People – signposting and connecting

Torbay Advice Network (TAN) Assistance with benefit claims “What’s your Problem” (Angie Manning) legal advice and assistance YES, Brixham. Torbay Council – Housing Services / Housing benefit/ Devon Home Choice Paignton Community Larder – referrals and food parcel outpost Social Housing providers – ie Sanctuary Housing, Devon & Cornwall Housing, Westward Housing Leonard Stocks Homeless hostel Torbay –

Shekinah Mission – “growing for life” gardening therapy project - signposting Endeavour House, Torquay – signposting for services/courses Counselling Colleges – Heartwood, Iron Mill, Devon Counselling College (Counselling students) Jan Finn – Counselling supervisor for CP – any other supervisors where appropriate Co Op (and other retail establishments) – collection boxes and food donations Torbay DIS – Disability Information Service

Age UK – Advice plus they refer people to us for Outreach, if appropriate Duke of Edinburgh Award Programme – we provide volunteer work placements Energy companies – negotiating for clients Police/PCSOs/Social Workers/Advocates/Care Co-ordinators/Safeguarding Officers/Torbay Older People’s Community Mental Health Team at Chadwell - visitor support Social Prescribers, based at Local GP surgeries Eat That Frog – Community support, courses etc. Thrive – a local provision for the homeless Local Community Builders. Totnes Caring

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Centrepeace

Income & Expenditure Account

& Balance Sheet For the Year Ended 31 October 2023

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Supported by the Lloyds Bank Foundation for England & Wales Charity Number 1150049

Centrepeace

Contents

Reference and Administrative Details 1
Accountants' Report 2
Statement of financial activities 3
Balance Sheet 4
Notes to the financial statements 5 to 8
Statement of financial activities per fund 9

Centrepeace

Reference and Administrative Details

Charity name Centre Peace Company number 08215824 Charity number 1150049 Officers Teresa Emberson Lisa Barsley Pamela Harvey Linda Gillespie Sarah Parris Resigned 14th July 2023 Tracey White appointed 31st March 2023 Darren Mulhall apointed 31st March 2023 Accountants Vincent & Co Accountants 37 Shiphay Lane Torquay Devon TQ2 7DU

Page 1

Accountants' Report to the Trustees on the Unaudited Accounts of

Centrepeace

In accordance with the engagement letter, and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the charity which comprise the Statement of Financial Activities,and the related notes from the accounting records and information and explanations you have given to us.

This report is made to the Charity's Board of Trustees, as a body, in accordance with the terms of our engagement. Our work has been undertaken so that we might compile the financial statements that we have been engaged to compile, report to the Charity's Board of Trustees that we have done so, and state those matters that we have agreed to state to them in this 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 Board of Trustees, as a body, for our work or for this report.

You have acknowledged on the balance sheet as at 31 October 2023 your duty to ensure that the charity has kept proper accounting records and to prepare financial statements that give a true and fair view under the Charities Act 2011. You consider that the charity is exempt from the statutory requirement for an audit for the year.

We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.

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………………………………….

Vincent & Co Accountants

37 Shiphay Lane Torquay Devon TQ2 7DU

1st July 2024

Page 2

Centrepeace

Statement of Financial Activities for the Year Ended 31 October 2023

Note
Incoming resources
Incoming resources from generated funds
Donations and legacies
2
Income from other trading activities
3
Income from investments
4
Charitable activities
5
Total incoming resources
Resources expended
Costs of generating funds
Expenditure on raising funds
6
Total resources expended
Net movements in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward		 Unrestricted
Funds
Restricted
Funds
Total
Funds
2023
£
£
£
5,832
5,747
11,579
78,677
1,085
79,762
1,101
-
1,101
500
65,658
66,158
86,111
72,489
158,600
96,278
65,863
162,141
96,278
65,863
162,141
(10,167)
6,626
(3,541)
45,756
49,577
95,333
35,589
56,203
91,791		 Total
Funds
2022
£
6,044
57,112
376
64,245
127,776
141,624
141,624
(13,848)
109,181
95,333

Page 3

Centrepeace

Balance Sheet as at 31 October 2023

Note
Fixed Assets
Tangible assets
7
Current Assets
Debtors
Cash at bank and in hand
Creditors: Amounts falling due
within one year
9
Net current assets
Net assets
The funds of the charity:
Restricted funds
Unrestricted funds
Reserves		 £
£
13,436
90,046
90,046
(11,691)
78,355
91,791
56,203
35,589
91,791
2023		 £
£
14,001
82,147
82,146
(814)
81,332
95,333
49,577
45,756
95,333
2022

For the financial year in question the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

No members have required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and for the preparation of accounts.

Approved by the Board on 1st July 2024 and signed on its behalf by:

…………………………………. …………………………………. Teresa Emberson Pamela Harvey

Page 4

Centrepeace

Notes to Financial Statements for the Year Ended 31 October 2023

1

Accounting policies

The financial statements have been prepared in accordance with the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard for Smaller Entities (Charities SORP FRSSE) (effective 1 January 2015) and applicable accounting standards.

The financial statements have been prepared under the historical cost convention. The financial statements include all transactions, assets and liabilities for which the charity is responsible in law.

Fund accounting policy

Unrestricted income funds are general funds that are available for use at the trustees' discretion in furtherance of the objectives of the charity. Restricted funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area

Further details of each fund are disclosed in note 12.

Incoming resources

Donations are recognised where there is entitlement, certainty of receipt and the amount can be measured with sufficient reliability.

Incoming resources from tax reclaims are included in the statement of financial activities at the same time as the gift to which they relate.

Resources expended

Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding or constructive obligation on the charity. Expenditure is generally recognised when it is incurred and is accounted for gross.

Fixed assets

Individual fixed assets costing £0 or more are initially recorded at cost.

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less d d l l h d f l l f f ll Plant and machinery 20% reducing balance

Page 5

Centrepeace

Notes to Financial Statements for the Year Ended 31 October 2023

……….continued

Operating leases

Rentals payable under operating leases are charged in the statement of financial activities on a straight line basis over the lease term.

Donations and legacies

2

Donations income
Shop income
Room rental
Events income
Club/workshop income
Sundry income
Big Lottery Community Fund
Grants
Tudor Trust
Total Income
Deposit interest
Charitable activities
Income from other trading activities
Café income
Income from investments		 Unrestricted
Funds
£
Restricted
Funds
£
Total
Funds
2023
£
5,832
5,747
11,579
5,832
5,747
11,579
Unrestricted
Funds
£
Restricted
Funds
£
Total
Funds
2023
£
18,413
-
18,413
58,440
-
58,440
120
-
120
1,704
150
1,854
-
-
-
935
935
78,677
1,085
79,762
Unrestricted
Funds
£
Restricted
Funds
£
Total
Funds
2023
£
1,101
-
1,101
1,101
-
1,101
Unrestricted
Funds
£
Restricted
Funds
£
Total
Funds
2023
£
-
65,658
65,658
500
-
500
-
-
-
500
65,658
66,158
86,111
72,489
158,600		 Total
Funds
2022
£
6,044
6,044
Total
Funds
2022
£
15,738
39,961
174
1,209
-
30
57,112
Total
Funds
2022
£
376
376
Total
Funds
2022
£
64,245
-
-
64,245
127,777

3 Income from other trading activities

4

5

Page 6

Centrepeace

Notes to Financial Statements for the Year Ended 31 October 2023

……….continued

6 Expenditure on raising funds

Payroll costs
Staffing & Recruitment Costs
Catering supplies
Allotment expenses
Expensed equipment
Computer maintenance & software
Repairs, maintenance & renovation work
Rent
Rates
Insurance
Accountancy fees
Legal & professional fees
Utilities - gas, electric & water
Training & education
Counsellings costs
Shop sundries & fittings
Telephone & broadband
Office supplies
Café costs (not for resale)
Club/workshop expenses
Motor Expense
Printing, postage & stationery
Waste collection
Licences & subscriptions
Health & safety and security
Caretaking & cleaning
Community care
Volunteer expenses
Operational development BL Fund
Miscellaneous costs
Promotional/Website costs
Peoperty project costs
Selling costs
Depreciation of tangible fixed assets		 Unrestricted
Funds
Restricted
Funds
Total
Funds
2023
16,242
61,305
77,547
508
-
508
18,876
-
18,876
-
-
-
313
-
313
2,144
-
2,144
2,516
-
2,516
12,999
-
12,999
328
-
328
2,475
-
2,475
859
-
859
1,470
-
1,470
7,816
-
7,816
54
-
54
2,306
-
2,306
690
-
690
977
-
977
742
-
742
1,211
-
1,211
8,702
225
8,927
-
-
159
-
159
1,701
-
1,701
427
-
427
922
-
922
2,461
-
2,461
1,977
-
1,977
3,192
-
3,192
-
1,034
1,034
138
-
138
559
-
559
10
3,300
3,310
145
-
145
3,359
3,359
96,278
65,863
162,141		 Total
Funds
2022
73,154
450
14,721
62
996
1,736
1,453
11,500
640
2,245
854
118
5,376
360
1,227
474
702
631
966
8,297
16
107
1,080
400
399
1,718
1,049
3,675
3,605
84
28
-
-
3,500
141,624

Page 7

Centrepeace

Notes to Financial Statements for the Year Ended 31 October 2023

……….continued

7
8
9
VAT Control
P Harvey property loan
Workplace pension
Creditors: Amounts falling due within one year
Payroll liabilities
As at 31 October 2023
As at 1 November 2022
Debtors
Accounts receivable
As at 31 October 2023
Depreciation
Brought forwards
Charge for the year
As at 31 October 2022
Net book value
Tangible fixed assets
Cost
Brought forward
Additions		 Furniture &
Equipment
36,181
2,794
38,975
20% RBB
22,180
3,359
25,539
13,436
14,001
2023
£
-
-
2023
£
(2,278)
-
(10,000)
588
(11,691)		 Total
36,181
2,794
38,975
22,180
3,359
25,539
13,436
14,001
2022
£
-
-
2022
£
(820)
70
(64)
(814)

Page 8

Centrepeace

Statement of financial activities comparatives for the Period Ended 31 October 2023

Incoming resources
Incoming resources from generated funds
Donations and legacies
Income from other trading activities
Income from investments
Charitable activities
Torbay Council Grant: Covid-19
Total incoming resources
Resources expended
Costs of generating funds
Expenditure on raising funds
Total resources expended
Net movements in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward		 Unrestricted
Funds
Restricted
Funds
Total
Funds
2023
£
£
£
11,579
5,747
17,325
78,677
1,085
79,762
1,101
-
1,101
500
65,658
66,158
-
-
-
91,857
72,489
164,346
96,278
65,863
162,141
96,278
65,863
162,141
(4,421)
6,626
2,206
45,756
49,577
95,333
41,335
56,203
97,538

Page 11

Centrepeace

Income & Expenditure Account

& Balance Sheet For the Year Ended 31 October 2023

==> picture [263 x 50] intentionally omitted <==

Supported by the Lloyds Bank Foundation for England & Wales Charity Number 1150049

Centrepeace

Contents

Reference and Administrative Details 1
Accountants' Report 2
Statement of financial activities 3
Balance Sheet 4
Notes to the financial statements 5 to 8
Statement of financial activities per fund 9

Centrepeace

Reference and Administrative Details

Charity name Centre Peace Company number 08215824 Charity number 1150049 Officers Teresa Emberson Lisa Barsley Pamela Harvey Linda Gillespie Sarah Parris Resigned 14th July 2023 Tracey White appointed 31st March 2023 Darren Mulhall apointed 31st March 2023 Accountants Vincent & Co Accountants 37 Shiphay Lane Torquay Devon TQ2 7DU

Page 1

Accountants' Report to the Trustees on the Unaudited Accounts of

Centrepeace

In accordance with the engagement letter, and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the charity which comprise the Statement of Financial Activities,and the related notes from the accounting records and information and explanations you have given to us.

This report is made to the Charity's Board of Trustees, as a body, in accordance with the terms of our engagement. Our work has been undertaken so that we might compile the financial statements that we have been engaged to compile, report to the Charity's Board of Trustees that we have done so, and state those matters that we have agreed to state to them in this 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 Board of Trustees, as a body, for our work or for this report.

You have acknowledged on the balance sheet as at 31 October 2023 your duty to ensure that the charity has kept proper accounting records and to prepare financial statements that give a true and fair view under the Charities Act 2011. You consider that the charity is exempt from the statutory requirement for an audit for the year.

We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.

==> picture [90 x 41] intentionally omitted <==

………………………………….

Vincent & Co Accountants

37 Shiphay Lane Torquay Devon TQ2 7DU

1st July 2024

Page 2

Centrepeace

Statement of Financial Activities for the Year Ended 31 October 2023

Note
Incoming resources
Incoming resources from generated funds
Donations and legacies
2
Income from other trading activities
3
Income from investments
4
Charitable activities
5
Total incoming resources
Resources expended
Costs of generating funds
Expenditure on raising funds
6
Total resources expended
Net movements in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward		 Unrestricted
Funds
Restricted
Funds
Total
Funds
2023
£
£
£
5,832
5,747
11,579
78,677
1,085
79,762
1,101
-
1,101
500
65,658
66,158
86,111
72,489
158,600
96,278
65,863
162,141
96,278
65,863
162,141
(10,167)
6,626
(3,541)
45,756
49,577
95,333
35,589
56,203
91,791		 Total
Funds
2022
£
6,044
57,112
376
64,245
127,776
141,624
141,624
(13,848)
109,181
95,333

Page 3

Centrepeace

Balance Sheet as at 31 October 2023

Note
Fixed Assets
Tangible assets
7
Current Assets
Debtors
Cash at bank and in hand
Creditors: Amounts falling due
within one year
9
Net current assets
Net assets
The funds of the charity:
Restricted funds
Unrestricted funds
Reserves		 £
£
13,436
90,046
90,046
(11,691)
78,355
91,791
56,203
35,589
91,791
2023		 £
£
14,001
82,147
82,146
(814)
81,332
95,333
49,577
45,756
95,333
2022

For the financial year in question the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

No members have required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and for the preparation of accounts.

Approved by the Board on 1st July 2024 and signed on its behalf by:

…………………………………. …………………………………. Teresa Emberson Pamela Harvey

Page 4

Centrepeace

Notes to Financial Statements for the Year Ended 31 October 2023

1

Accounting policies

The financial statements have been prepared in accordance with the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard for Smaller Entities (Charities SORP FRSSE) (effective 1 January 2015) and applicable accounting standards.

The financial statements have been prepared under the historical cost convention. The financial statements include all transactions, assets and liabilities for which the charity is responsible in law.

Fund accounting policy

Unrestricted income funds are general funds that are available for use at the trustees' discretion in furtherance of the objectives of the charity. Restricted funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area

Further details of each fund are disclosed in note 12.

Incoming resources

Donations are recognised where there is entitlement, certainty of receipt and the amount can be measured with sufficient reliability.

Incoming resources from tax reclaims are included in the statement of financial activities at the same time as the gift to which they relate.

Resources expended

Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding or constructive obligation on the charity. Expenditure is generally recognised when it is incurred and is accounted for gross.

Fixed assets

Individual fixed assets costing £0 or more are initially recorded at cost.

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less d d l l h d f l l f f ll Plant and machinery 20% reducing balance

Page 5

Centrepeace

Notes to Financial Statements for the Year Ended 31 October 2023

……….continued

Operating leases

Rentals payable under operating leases are charged in the statement of financial activities on a straight line basis over the lease term.

Donations and legacies

2

Donations income
Shop income
Room rental
Events income
Club/workshop income
Sundry income
Big Lottery Community Fund
Grants
Tudor Trust
Total Income
Deposit interest
Charitable activities
Income from other trading activities
Café income
Income from investments		 Unrestricted
Funds
£
Restricted
Funds
£
Total
Funds
2023
£
5,832
5,747
11,579
5,832
5,747
11,579
Unrestricted
Funds
£
Restricted
Funds
£
Total
Funds
2023
£
18,413
-
18,413
58,440
-
58,440
120
-
120
1,704
150
1,854
-
-
-
935
935
78,677
1,085
79,762
Unrestricted
Funds
£
Restricted
Funds
£
Total
Funds
2023
£
1,101
-
1,101
1,101
-
1,101
Unrestricted
Funds
£
Restricted
Funds
£
Total
Funds
2023
£
-
65,658
65,658
500
-
500
-
-
-
500
65,658
66,158
86,111
72,489
158,600		 Total
Funds
2022
£
6,044
6,044
Total
Funds
2022
£
15,738
39,961
174
1,209
-
30
57,112
Total
Funds
2022
£
376
376
Total
Funds
2022
£
64,245
-
-
64,245
127,777

3 Income from other trading activities

4

5

Page 6

Centrepeace

Notes to Financial Statements for the Year Ended 31 October 2023

……….continued

6 Expenditure on raising funds

Payroll costs
Staffing & Recruitment Costs
Catering supplies
Allotment expenses
Expensed equipment
Computer maintenance & software
Repairs, maintenance & renovation work
Rent
Rates
Insurance
Accountancy fees
Legal & professional fees
Utilities - gas, electric & water
Training & education
Counsellings costs
Shop sundries & fittings
Telephone & broadband
Office supplies
Café costs (not for resale)
Club/workshop expenses
Motor Expense
Printing, postage & stationery
Waste collection
Licences & subscriptions
Health & safety and security
Caretaking & cleaning
Community care
Volunteer expenses
Operational development BL Fund
Miscellaneous costs
Promotional/Website costs
Peoperty project costs
Selling costs
Depreciation of tangible fixed assets		 Unrestricted
Funds
Restricted
Funds
Total
Funds
2023
16,242
61,305
77,547
508
-
508
18,876
-
18,876
-
-
-
313
-
313
2,144
-
2,144
2,516
-
2,516
12,999
-
12,999
328
-
328
2,475
-
2,475
859
-
859
1,470
-
1,470
7,816
-
7,816
54
-
54
2,306
-
2,306
690
-
690
977
-
977
742
-
742
1,211
-
1,211
8,702
225
8,927
-
-
159
-
159
1,701
-
1,701
427
-
427
922
-
922
2,461
-
2,461
1,977
-
1,977
3,192
-
3,192
-
1,034
1,034
138
-
138
559
-
559
10
3,300
3,310
145
-
145
3,359
3,359
96,278
65,863
162,141		 Total
Funds
2022
73,154
450
14,721
62
996
1,736
1,453
11,500
640
2,245
854
118
5,376
360
1,227
474
702
631
966
8,297
16
107
1,080
400
399
1,718
1,049
3,675
3,605
84
28
-
-
3,500
141,624

Page 7

Centrepeace

Notes to Financial Statements for the Year Ended 31 October 2023

……….continued

7
8
9
VAT Control
P Harvey property loan
Workplace pension
Creditors: Amounts falling due within one year
Payroll liabilities
As at 31 October 2023
As at 1 November 2022
Debtors
Accounts receivable
As at 31 October 2023
Depreciation
Brought forwards
Charge for the year
As at 31 October 2022
Net book value
Tangible fixed assets
Cost
Brought forward
Additions		 Furniture &
Equipment
36,181
2,794
38,975
20% RBB
22,180
3,359
25,539
13,436
14,001
2023
£
-
-
2023
£
(2,278)
-
(10,000)
588
(11,691)		 Total
36,181
2,794
38,975
22,180
3,359
25,539
13,436
14,001
2022
£
-
-
2022
£
(820)
70
(64)
(814)

Page 8

Centrepeace

Statement of financial activities comparatives for the Period Ended 31 October 2023

Incoming resources
Incoming resources from generated funds
Donations and legacies
Income from other trading activities
Income from investments
Charitable activities
Torbay Council Grant: Covid-19
Total incoming resources
Resources expended
Costs of generating funds
Expenditure on raising funds
Total resources expended
Net movements in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward		 Unrestricted
Funds
Restricted
Funds
Total
Funds
2023
£
£
£
11,579
5,747
17,325
78,677
1,085
79,762
1,101
-
1,101
500
65,658
66,158
-
-
-
91,857
72,489
164,346
96,278
65,863
162,141
96,278
65,863
162,141
(4,421)
6,626
2,206
45,756
49,577
95,333
41,335
56,203
97,538

Page 11