THE PECKHAM SEThLEMENT FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 Company Reg. No 00255374 Charity Reg. No 215925 LONDON ACCOUNTANCY PRACTICE SOJOURNER TRUTH COMMUNITr CENTRE 161 SUMNER ROAD LONDON SE15 6JL THE PECKHAM SEThLEMENT (A Company limited by guarantee) REPOR T AND ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2021 CONTENTS Page Admlnlstrative infomiation Report of the Trustees $6 Independent Examiner's Report Statement of Flnancial Actlvltlos Balance Sheet 9-10 Notes to the accounts 11-12 Detalled Income and Expendlture 13 THE PECKHAM SErrLEMENT (A company limited by guarantee) ADMINISTRATIVE INFORMATION AS AT 31 MARCH 2021 GOVERNING DOCUMENT The Peckham Setuement is an In￿rpOrated organisation govemed by the Companies Act 2006 as a company limited by guarantee with the Company Registered Number 00255374 and Charity Registered Number 21 $925 respectively. DIRECTORS AND TRUSTEES David Reid......................................Chairperson Jeff Bumige....................................Vice-Chair Chris Haydon . ..Trustee Paddy Cribb...................................Trustee Michael Fowkes............................Trustee Kat Joyce.......................................Trustee Linda Smith. ..Trustee Alex Wells.......................................Twstee Tracey Francis. ..Trustee. Bernice Miller..................................Trustee appointed 2310612021 Joel Attar........ ...............................Trustee appointed 2310612021 Deirdre Cole...................................TnJstee appointed 3010612021 REGISTERED OFFICE 10 Denman Road London SE15 5NP BANKERS Barclays Bank 2 Victoria Street Branch London SW1 H OND INDEPENDENT EXAMINER London Accountancy Pradice Sojoumer Truth Centre 161 Sumner Road London SE15 fkiL INVESTMENT MANAGER Rathbones 8 Finsbury Circus London EC2M 7AZ THE PECKHAM SErrLEMENT (A company limited by guarantee) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021 OBJECTS AND PRINCIPAL ACTIVITIES The Peckham Settlement was established to promote religious, social, charitable, educational. artistic and scientific work and to encourage the understanding of all such work by persons of all classes and by schools, clubs, organisations and other bodies and in furtheran￿ of such objects to make charitable donations. THE PECKHAM SE￿LEMENT (A company limited by guarantee) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021 STATEMENT OF DIRECTORS, RESPONSIBILITIES Law applicable to incorporated companies in England and Wales requires the trustees, who are also the directors of the ￿Mpany, to prepare financial statements which give a true and fair view of the stale of affairs of the charity at the end of the year and of its financial activits'es during the year then ended. In preparing those financial statements, trustees are required to: select suitable accounting policies and apply them consistently. make judgements and estimates that are reasonable and prudent, state whether applicable accounting standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statement. and prepare the financial statements on the going concem basis unless it is inappropriate to presume that the project will continue in operation. The directors are responsible for keeping proper records which disclose at any time the financial position of the project. They are also responsible for safe guarding the assets of the organisation and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Signed by.. ..Twstee THE PECKHAM SErrLEMENT (A company limited by guarantee) YEAR ENDED 31 MARCH 2021 TRUSTEES, REPORT The results of the year's operation are set out in the attached financial statements. The trustees have been aware of the need to comply with good practice guidelines issued by the Charity Commission on free reserves and The PeGkham Settlement policy is included in the notes to the accounts. RESERVES POLICY The trustees have reviewed its free reserves policy and have turned its entire unrestricted fund into an emergency reserve to enable The Peckham Settlement to meet its obligations in the event of a shortfall in income or sudden uptum in expenditure. RISK MANAGEMENT The twstees have examined the major risks which The Peckham Settlement faces and believe that by maintaining our free reserves at a reasonable level, combined with our annual review of the controls over key financial systems, this will provide sufficient resources in the event of adverse conditions. The twstees will have to examine other operational and business risks which the organisation may face and establish systems to mitigate the significant risks. TANGIBLE FIXED ASSETS The organisation keeps an asset register. VOLUNTEERS The Peckham Settlement recognises the significant contribuiions made by voSunteers. INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2021 I report on the accounts of the company for the year ended 31 March 2021, which are set out on pages 8 to 10. Respe¢tlve responslbilities of trustees and examlnor The trustees (who are also the directors of the company for the purposes of company law) are responsiblé for the preparation of Ihe accounts. The trustees consider that an audit Is not required for this year under s8clion 144(2) of the Charities Act 2011 {the 2011 Act) and that an independent examination is needed. Having satisfied myself that thè charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to: examine the accounts under section 145 of the 2011 Act: to follow the procedures laid down in the general Directions given by the Charity Commission under section 14515)(b) of the 2011 Act., and to state whether particular matters have come to my attention. Basis of independent examinerfs report My examinalion was carried out in accordance wlh the general Directions given by th8 Charity Commission. An examination includes a review of the accounting records kept by th8 harity and a comparison of the accounts presented with those records. It also includés considération of any unusual items or disclosures in the accounts, and seeking explanations from you as Irusle8s concerning any such matters. The procedures undertaken do not provid8 all the evidence that would be required in an audil and consequ8ntly no opinion is given as to whether the accounts present a Irue arKJ fair viev/ and the r8POrt is limlted to those matters set QLrt in the statement below. Independent examiner's statement In connection with my examination. no matter has come to my attention: {11 which gives me reasonable cause to teliev8 that in any material respect the requirements: to keep accounting records in accordance wih section 386 of the Companies Act 2006,. and to prepare accounts which accord with the accounting records, comply wilh the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practica: Accounting and Reporting by Charities have not been met., or (2) to which, in my opinion. attention should be dravm in order lo enable a proper understanding of the accounts to be reached. Ade Adeb mbo, M London Accountancy Practice 161 Sumner Road London SE15 6JL MA. ACG THE PECKHAM SErrLEMENT STATEMENT OF FINANCIAL ACTMTIES FOR THE YEAR ENDED 31 MARCH 2021 Unrestrlcted R¢strict•d Fund Fund Total 2021 Totsl 2020 Incomlng Resourceg Membership Fee5 Bank Interest Investment income Total Incomlng R¢sourc•s go 20 10 30,251 30,282 27,317 27,409 27,317 27,409 Outgoing Resources Bank Charges Grants AdminlA(fvertisernerrt Acccounlancy Fee 64 39.342 78 750 91 37,732 281 750 39,342 78 750 Totsl Resources Expended 40.234 40,234 38,864 Net Inco￿￿ng Resourtss -12.825 -12.825 4,572 Batance brougtd foTh¥ard 631,162 79.579 710.741 825,032 Gainl Ilossl on investmerrt Balance carrl•d forward 179493 797,830 179.493 -105719 710.741 79,679 THE PECKHAM SEThLEMENT BALANCE SHEET AS AT31 MARCH 2021 2021 2020 Non Tanglble Assets Investment 837.629 658,136 Current assets Debtors Cash In bank 40 40.490 40,530 40 53.315 63,365 CURRENT LIABIUTIES Ciedilors and Accruals 750 750 39.780 877,409 52,605 710.741 REPRESENTED BY FUNDS: Unreslncted funds Restnded funds 797,830 79.579 631.162 79.579 Total funds 877,409 710,741 Approvod byth• Board of Trustee$ on...... and slgned on Its beh Sign............... .. Chairperson THE PECKHAM SErrLEMENT BALANCE SHEET AS AT 31 MARCH 2021 BALANCE SHEET (Continued) For the period ended 31 March 2021 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Directors, responsibilities: the members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476, the directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of the accounts these accounts have been prepared in accordance with the provision applicable to companies subject to the small companies, regime. The financial statements on pages 8 to 10 were approved by the board of directors on ..and signed on its behalf by Sign......... ..Director Da d Reid io THE PECKHAM SErrLEMENT NOTES TO THE ACCOUNTS YEAR ENDED 31 MARCH 2021 ACCOUNTING POLICIES 1.1 Basis of preparatlon of Financial Statements. The financial ststements are prepared under the historical cost convention and include the results of the charity's operations which are described in the Directors. Report and all of which are continuing. The accounts have been prepared in accordance with the Ststement of Recommended Practice Accounting by Charities. The charity has taken advantage of the exemption of Financial Reporting No 1 from the requirements to produce a cash flow statement on the grounds that it qualifies as a small company. 1.2 Incomlng Resources 1.2.1 Revenue grants are credited on the earfier date of when they are received or when they are receivable, unless they relate to a specific future period, in which case they are included on the Balance Sheet as deferr￿ income to be recognised in the future accounting period. 1.2.2 Grants received for specific purposes are accounted for as restricted funds in the Ststement of Financial Activities. 1.2.3 Donations Donations are acLounted for on a cash receipts basis unless deferred. 1.2.4 Other incoming resources Other incoming resources are accounted for on an accruals basis. 1.2.5 Deferred income Where a grant or donation is re￿iVed in advan￿ for expenditure in a future accounting period recognition of that income is deferred and released in the period in which the expenditure is incurred. 1.3 Restricted Funds Restricted funds are to be used for specffic purposes as laid down by the donor. Expenditure which meets these criteria is identified to the fund. together with a fair allocation of management and support costs. THE PECKHAM SErrLEMENT NOTES TO THE ACCOUNTS (contd) YEAR ENDED 31 MARCH 2021 1.4 Unrestricted Funds Unrestricted funds are donations and other income received or generated for the objects of the organisation without further spectfied purposes and are available for general funds. 1.5 Designated Funds Designated funds are unrestricted funds eamiafked by the Management Committee for particular purposes. 1.6 Resources Expended Direct charitable expenditure includes all expenditure incurred by The Peckham Settlement in direct pursuit of its tharitable objectives. Management and administration expenditure includes all costs not directly related to the charitable activities and which cannot be allocated to direct charitable expenditure. 1.7 Tangible fixed assets Depreciation is calculated to write off the cost of fixed assets over their estimated useful lives. The charity has a register of assets. 1.8 Non Tangible Flxed Asset Investment The sum of £680,000 was placed with the Investment Managers in May 2016 and the actual value of the investment on 31 March 2021 was £837,629. This year, the investment went up from £658,136 in the previous year to £837,629 in the current year. 12 THE PECKHAM SE￿LEMENT NOTES TO THE ACCOUNTS (continued) YEAR ENDED 31 MARCH 2021 2021 2020 CURRENT UABILITIES Creditors and Accruats 750 750 THE PECKHAM SErrLEMENT DETAILED INCOME AND EXPENDITURE FOR THE YEAR ENDED 31 MARCH 2021 Unrutrlcted Re•trictsd Fund Fund Total 2021 Totsl 2020 Incomlng Re•ourc•• Membership Fee5 Bank Interesl Irwestmenl income Total Incomlng R•sources 90 90 20 10 30.251 30,282 27,317 27,409 27,317 27,409 Outgolng Resour￿* Bank Charges Grants Ad￿nIA￿ertlsÈmert Acccountary F 64 39,342 78 750 91 37.732 281 750 39,342 78 750 Total Re•ource¥ Expended 40,234 40.234 38,864 13