Charity number: 1184560
Company number: 12005711
(England and Wales)
Peace Community Centre Limited
Report of the Trustees and Unaudited Financial Statements
For the year ended 31 May 2023
Peace Community Centre Limited Contents Page For the year ended 31 May 2023
|Report of the Trustees|1|
|---|---|
|Statement of Financial Activities|2|
|Statement of Financial Position|3|
|Notes to the Financial Statements|4 to 8|
|Detailed Statement of Financial Activities|9|
## Peace Community Centre Limited Report of the Trustees
## For the year ended 31 May 2023
The Trustees, who are also directors for the purposes of company law, have pleasure in presenting their report and the financial statements for the charitable company for the year ended 31 May 2023. The Trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS 102) (effective 1 January 2019).
## **Chair's report**
The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and Law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.
In preparing these financial statements, the directors are required to:
select suitable accounting policies and then apply them consistently;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements 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.
## **OBJECTIVES AND ACTIVITIES**
To support Peace Comunity Center
## **Objectives and aims**
The trustees have considered the Charity Commision's guidance on public benefit, including the guidance 'public benefit: running a charity (PB2)'.
## **ACHIEVEMENTS AND PERFORMANCE**
The directors consider the donations achieved on ordinary activites before taxation to be particularly satisfactory given the current economic climate.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is governed by its Trust deed dated 26 June 2019.
## Risk Policy
The trustees have examined the major strategic, business and operational risks which the charity faces and confirm that systems have been established to enable regular reports to be produced so that the necessary steps can be taken to lessen these risks.
## **REFERENCE AND ADMINISTRATIVE INFORMATION**
**Name of Charity** Peace Community Centre Limited **Charity registration number** 1184560 **Company registration number** 12005711 **Principal address** 8 Phyllis Avenue Peacehaven SUSSEX BN10 7HY
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Peace Community Centre Limited Report of the Trustees Continued For the year ended 31 May 2023
## **Registered address**
8 Bartholomews Brighton England BN1 1HG
## **Trustees**
The trustees and officers serving during the year and since the year end were as follows:
Mr Muhammad Fazil Khan Mr Yousuf Shah Mr Zahir Khan
Approved by the Board of Trustees and signed on its behalf by
............................................................................. Mr Muhammad Fazil Khan
21 February 2024
2 of 9
## Peace Community Centre Limited Statement of Financial Activities (including Income and Expenditure account) For the year ended 31 May 2023
|**Notes**
**Income and endowments from:**
Donations and legacies
2
Charitable activities
3
**Total**
**Expenditure on:**
Raising funds
4
Charitable activities
5/6
**Total**
**Net income**
**Reconciliation of funds**
Total funds brought forward
**Total funds carried forward**|**Unrestricted**
**funds**
**£**
36,164
1,980
**38,144**
(16,755)
(8,551)
**(25,306)**
**12,838**
102,206
**115,044**|**31/5/2022**
**£**
59,522
1,250|
|---|---|---|
|||**60,772**|
|||(6,535)
(21,944)|
|||**(28,479)**|
|||**32,293**
69,913|
|||**102,206**|
3 of 9
Registered Number : 12005711
## Peace Community Centre Limited Statement of Financial Position As at 31 May 2023
|**Notes**
**Fixed assets**
Tangible assets
10
**Current assets**
Cash at bank and in hand
**Creditors: amounts falling due within one year**
11
**Net current assets**
**Total assets less current liabilities**
**Creditors: amounts falling due after more than one year**
12
**Net assets**
**The funds of the charity**
Unrestricted income funds
13
**Total funds**|**£**
**31/5/2023**
318,225
**318,225**
16,444
**16,444**
(500)
**15,944**
**334,169**
(219,125)
**115,044**
115,044
**115,044**|**£**
**31/5/2022**
318,225|
|---|---|---|
|||**318,225**|
|||3,606|
|||**3,606**|
|||(500)
**3,106**|
|||**321,331**|
|||(219,125)|
|||**102,206**|
|||102,206|
|||**102,206**|
For the year ended 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
- The members have not required the company to obtain an audit of its accounts for the year in question in
- accordance with section 476,
- The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to
- accounting records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime.
The financial statements were approved and authorised for issue by the Board and signed on its behalf by:
Mr Muhammad Fazil Khan Trustee
21 February 2024
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Peace Community Centre Limited Notes to the Financial Statements
For the year ended 31 May 2023
## **1. Accounting Policies**
## **Basis of accounting**
The financial statements have been prepared under the historical cost convention, except for investments which are included at market value and the revaluation of certain fixed assets and in accordance with the Charities SORP (FRS 102) ‘Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), and the Companies Act 2006.
Peace Community Centre Limited meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).
## **2. Income from donations and legacies**
|**Unrestricted funds**
Donations received
**ncome from charitable activities**
**Unrestricted funds**
_Activity 1_
Income from charitable
activities
**xpenditure on generating donations and legacies**
**Unrestricted funds**
Donations
**osts of charitable activities by fund type**
**Unrestricted funds**
Support costs|**31/05/2023**
**£**
36,164
**36,164**
**31/05/2023**
**£**
1,980
**31/05/2023**
**£**
15,625
**15,625**
**31/05/2023**
**£**
8,551|**31/05/2022**
**£**
59,522|
|---|---|---|
|||**59,522**|
|||**31/05/2022**
**£**
1,250
**31/05/2022**
**£**
5,850|
|||**5,850**|
|||**31/05/2022**
**£**
21,944|
## **3. Income from charitable activities**
## **4. Expenditure on generating donations and legacies**
## **5. Costs of charitable activities by fund type**
5 of 9
Peace Community Centre Limited Notes to the Financial Statements Continued For the year ended 31 May 2023
## **6. Costs of charitable activities by activity type**
|Activity 6
Activity 9
**nalysis of support costs**
Governance costs
**taff costs and emoluments**
Total staff costs for the year ended 31 May 2023 were:
Salaries and wages
Imam|**31/05/2023**
**£**
-
8,551
**8,551**
**31/05/2023**
**£**
9,681
**31/5/2023**
**£**
15,625
**15,625**
**31/5/2023**
0
**0**|**31/05/2022**
**£**
700
21,244|
|---|---|---|
|||**21,944**|
|||**31/05/2022**
**£**
22,629
**31/5/2022**
**£**
5,850|
|||**5,850**|
|||**31/5/2022**
0|
|||**0**|
## **7. Analysis of support costs**
## **8. Staff costs and emoluments**
## **9. Comparative for the Statement of Financial Activities**
The comparative year values on the Statement of Financial Activites are for unrestricted funds.
6 of 9
Peace Community Centre Limited Notes to the Financial Statements Continued
For the year ended 31 May 2023
## **10. Tangible fixed assets**
|**Cost or valuation**
At 01 June 2022
At 31 May 2023
**Net book values**
At 31 May 2023
At 31 May 2022|**Land and**
**Buildings**
**£**
318,225|
|---|---|
||**318,225**|
||**318,225**|
||**318,225**|
## **11. Creditors: amounts falling due within one year**
|**11. Creditors: amounts falling due within one year**|||||
|---|---|---|---|---|
|Accruals and deferred income
**12. Creditors: amounts falling due after more than one year**
Other creditors
**13. Movement in funds**
**Unrestricted Funds**
_General_
Fund for Chariatble
PURPOSES|**Balance at**
**01/06/2022**
**£**
102,206
**102,206**|**Incoming**
**resources**
**£**
38,144
**38,144**|**31/5/2023**
**£**
500
**500**
**31/5/2023**
**£**
219,125
**219,125**
**Outgoing**
**resources**
**£**
(25,306)
**(25,306)**|**31/5/2022**
**£**
500|
|||||**500**|
|||||**31/5/2022**
**£**
219,125|
|||||**219,125**|
|||||**Balance at**
**31/05/2023**
**£**
115,044|
|||||**115,044**|
7 of 9
## Peace Community Centre Limited Notes to the Financial Statements Continued For the year ended 31 May 2023
## **Unrestricted Funds - Previous year**
|_General_
Fund for Chariatble
PURPOSES
**Analysis of net assets between funds**
**Unrestricted funds**
_General_
Fund for Chariatble
PURPOSES
**Previous year**
**Unrestricted funds**
_General_
Fund for Chariatble
PURPOSES|**Balance at**
**01/06/2021**
**Incoming**
**resources**
**Outgoing**
**resources**
**Balance at**
**31/05/2022**
**£**
**£**
**£**
**£**
69,913
60,772
(28,479)
102,206
**69,913**
**60,772**
**(28,479)**
**102,206**
**Tangible**
**fixed assets**
**Net current**
**assets /**
**(liabilities)**
**Creditors >**
**one year**
**Net Assets**
**£**
**£**
**£**
**£**
318,225
15,944
(219,125)
115,044
**318,225**
**15,944**
**(219,125)**
**115,044**
**Tangible**
**fixed assets**
**Net current**
**assets /**
**(liabilities)**
**Creditors >**
**one year**
**Net Assets**
**£**
**£**
**£**
**£**
318,225
3,106
(219,125)
102,206
**318,225**
**3,106**
**(219,125)**
**102,206**|
|---|---|
|||
## **14. Analysis of net assets between funds**
8 of 9
## Peace Community Centre Limited Detailed Statement of Financial Activities
## For the year ended 31 May 2023
|**INCOME AND ENDOWMENT**
**Donations and legacies**
Donations
**Charitable activities**
Income from charitable activities (Activity 1)
**Total incoming resources**
**EXPENDITURE**
**Raising donations and legacies**
Donations
**SUPPORT COSTS**
**Governance costs**
Governance costs
Governance costs (Activity 6)
Governance costs (Activity 9)
**Total resources expended**
**Net Income**|**£**
**31/5/2023**
36,164
**36,164**
1,980
**1,980**
**38,144**
(15,625)
**(15,625)**
(1,130)
-
(8,551)
**(9,681)**
**(25,306)**
**12,838**|**£**
**31/5/2022**
59,522|
|---|---|---|
|||**59,522**
1,250|
|||**1,250**|
|||**60,772**
(5,850)|
|||**(5,850)**
(685)
(700)
(21,244)|
|||**(22,629)**|
|||**(28,479)**|
|||**32,293**|
9 of 9 This page does not form part of the statutory financial statements