Company number 01267728 PEABODY COMMUNITY FOUNDATION Annual report and financial statements 31 March 2023 *AcIC￿* 1411212023 COMPANIES HOUSE A17 41 - JT &. ¥) Contents Moking a positive impoct in communfftes 2022-23 in numbers About Peobody io Chairfs letler 12 Execulive Director's review 14 Our vision and how we're working towards our key gools l Building engaged and octive communilie5 2 Boosting income 3 Developing skills and aspirations 4 Improving mentol and physical heallh Empowering people with grants Local Peabody Thamesmead Hockney Woltham Fore Islington Southwork and LombÈth Looking forward 40 Partners Trusteos, Dir•¢tors and Advisors 45 Financial Review 47 Trustees. Annual Report 52 Statement of Trustees. responsibilities in respect of the trustees. Annual Report and the financial statements 53 Independent ouditor's report to the Trustees of Peabody Community Foundation 57 Statement of financial activities including incorne and expenditure a¢count for the year ended 31 March 2023 Notes to the Financial Statements P¢FAf*rtv4 A*￿rt￿d Accounts ZU22.23 5 Making a positive Our purpose is to help people f lourish. We want to make a positive impact in communities and help our residents and customers become healthier. wealthier and happier. We do this by Wo￿ng with residents arKI partners to combine ¢)ur funding, skills and exFerle￿e so we can offer wKJest FK)ssible ronge of services. support and opportunities. As one of the UK'S oldest not-for-Fyofit housiro ossociati￿5 wtth o long history but o focus on the future, our community f￿￿ndatIOn pt¢JV5 a centrol role in h¢)w we invest in ¢)ur communitie& It helps put peo* ¢J their needs at the cenlre of ewrhing we do. This year h05 been an imwrtont one f¢y PeotLMJy. Aftsrjoining t(yJether with Corolyst. we're now o bigger (ygonisotion with o wder reath ond an even greoter potenliol to moke o positive differen￿. Here we Icok t#Jck on Ihe foundation's achivmmwts ryKI progress in ts 12 ￿￿thS to 31 March 2023. It was a year Whe￿ we invesled £8.2m in our communilies. and helped residents and Custo￿￿r5 toke cofttrd ond pty a pxjrt in creating the community and fufure they want. L(x)king ahead as a ccynbired ￿JaniSa11On, kne o w tommunity strotegy thot continues lo fccus on what our residents and cust¢)mers want and need. But our aim will athys be the sarne- to deliver the greotest Wssib￿ volue for our cofflrnunities so tr￿1 con fk)urish. Iinii 4 PCF Arrnol R0FthoThJAccc￿ts 2022.23 Ii.. 2022-23 started jobs started apprenticeships achieved qualifications volunteers helped make a difference in their community local grants for community projects local community groups provided free or low cost activities in our community centres £>>> local social enterprises received support people secured childcare qualif ications social value weighting introduced for large contract tenders About Peabody is one of the UK'S oldest and largest housing associations. We have 107.000 homes and 220,000 residents across London and the Home Counties. We provide care and support services for around 17,500 customers. We have an extensive network of just under 100 community centres. Many of these are led by management committees ond partners delivering a broad range of free or low cost activities in the heart of the community. The Peabody Community Foundation has oround 103 skilled permanent employees and supports over 800 volunteers. They all work together to make a difference in their community. Our strengths Working in partnership: We partner with local authorities. the voluntary secTor ond olher locol stokeholders to bring more services to our communities. We ore ambitiou* We devel¢)p notionol ond pon-regional portnerships to bring skills ond funding to local areos. Our colkogues in the communities understand the principles of productive partnerships ond develop strong ￿lOTionshIpS to deliver volue together. Shoring power. We understand our communities and listen to our residents. so our work is driver) by tt>eir needs. We work together to produce Servi￿ and take opportunities to tronsfer power ond control to resident5 and community groups. We're big but locol: Our k)cal opproach is SUPF)Orted by our presence, connecri¢)ns ond knowledge. moximising the impact of our local plans. Our rel(rtionship* We hove strong relotionships with o wide ronge of stokeholders ond are trusted to deliver our promises. This helps us incre05e our impJ¢t, ensuriro thot our resources, people ond money go further so we con creote more sustainable Soluti(￿5. PCF Rewr and Accounr52022.25 9 • Chair's Deirdre Moss, Peabody Community Foundation The year has been a challenging one for our residents and communities. And as the cost-of-living crisis continues. our community investment activities are more important than ever. Reflecting on the highlights set out in this report. it's clear to me that every dcry we're turning our purpose of helping people flourish into action and continuing to make a positive difference to thousands of lives. As a fotjndation, our oim 0￿y$ been to listen to our residents ond communities and deliver the progrommes and activilies Ihey need. Last year was no different. During the year we invested £8.2m in our community programmes and initlolives and portnered with other organisations to chonnel investment. skills and resources into our communities. We've mode significont progress towords meeting the gools of our Community Strotegy - to moke our residents ond communities heolthier. weolthier ond hoppier. We helped 443 people into work and apprenliceships. Our programmes helped lJ89 customers 9Jin quolificotions and gave 476 businesses ¢xcess to enlerprise suppcrt ond resources. We awarded £l.Im in gronts to community orgonisations. 416 local community groups provided free or low cost activities in our community centres ond 837 volunteers gove their time to moke o difference in our communitie5. We also introduced a new sociol value opproach. By adding a 20 percent weighting to lorge controct tenders. we're helping ro ensure thot residents hove greoter cccess to high quality employment and skills opp)rtunities ond o brcKJder ronge of scri( economic supF<)rt. We're now entering o new era for the Foundotion ¢3fter ioining together with Catalyst on l April 2023. We're becoming a more localty focused orgonisalion, but our aim remains the same- to stoy Strong￿ connected to our ￿sidentS ond cu5tomer5 and keep them at the front ond centre of everything we do. I woukl like lo thank my Foundation colleagues orKI partners for the work they're doing io SUPF)Ort our residents and cornmunities. But mst of all. I would like to thonk our ￿sidenTS and assure them thut we will continue to work hord to be the best we can be for them. Chair P¢F ft•Frytmd Zfft2.J 11 Looking ahead with Helen Edwards. incoming Chair We krvxy the c￿llengeS facing our residents and communities aren't goiro (w. And know that our foun(kntion hos a dear role to pty in helpirvJ residents deol with these challerw. So os we Iwk forword to the comiro pjr, ¢xJr f¢￿JS remains very much on Fwile. We'll ok)ngside our residents, communities, stokeholders and Fxlrtners to F)rovide the right suppyt to those in wj. And we'll Use our eX￿erien￿ and expertise to moke o positive differeno in l¢xoI communities so ttM)se living in them con flourish. Executive Director's rev Stephen Burns. Executive Director. Care, Inclusion and Communities, looks back on the year and the progress made by the foundation: q.. Mony of our residents and Communities are feeling the impact of the cost-of-living crisi How can the foundation provide suppo￿. During the year we olso odopted our new apw¢)ach to s(xial value. Adding social value is a key portofwho we ore ond something we're passionate about. By embedding this in our knrge-scale contracts. we're moking sure thot everyrt)ing we do provides o benefit to our communities. We hove a wide range of service5 to help residents. Our dedicated team offers practical and emotior￿1 help ond can connect residents with speciolised services if they re worried a￿￿ut money or unable to find work. We a150 provide emergency gront5 to pEople who are finding things porticularly tough. We help people to find support if they're feeling socially isoluled or experiencing physical or rnental heolth iss￿. Q. WIKrt does the yeor ahead l¢)ok like now we've joined with Cotalysl? . The coming year is about getting closer to our residents ond customers. Our focus is on listening to what they need. We'll continue to wotl( side-by-side wilh our residents, communitie5. Stokehofders ond partner5 to unlock opportunities, co-create Services and deliver programmes ond activities that really make o difference. We help residents find employment ond develop new skills. supwrting pewe to occess better opportunities. opprenticeships, troining courses. quolificotions ond business SUF)Wrt. We want to help our residents to help theMSe￿e$ and those oround them. So we offer grants lo Iwol community groups, the vduntory sector and individua15 to provide o service in Iheir community which responds lo locol need5 and priorities. We deliver a wide range of comrnunity initiatives through our network of community centres. including food pantries and other low- C05t food iniliotives. We've ochieved o h)t in the past 12 months but are n¢)w firmly focused on The future. I'd like to tt￿￿k Deirdre Moss for her hord work chairirrfj our foundolion and chompioning our work to 5uprK)rt our residenTS and communities. I om pleased to welcome Helen Edwards, a long standing member of the foundalion. who took on the Choir ro￿ in September. We know ifs critical thal VIE continue to recognise and respond to what people need to thrive. I'd olso like to take a ￿Lynent to remember Lord 8ob Kersloke. Chair of Peobody, who sadly possed owoy in Juw. He wos o remarkable man, well known for his kindness tts everyone he met. He worked tirelessty to improve people's lives ond wos F)ossionote obout making sure we put our residents and communities at the heart of our orgonisation. . Whal were the yeor's highli9hls for you? A: The past yeor hos been pivotal for us 0$ we successfully brought together ccxnmvnity investment teoms as part of Pe0b(￿Y and cat0￿st joining together. I'm pleosed to soy Ihot we've continued to meet oll our torgets and key rformonce meosures ond provide the support our communities wont ond need despite the challenges posed by the ongoing cost-of-living crisis. Executive Director, Care. Indusion and Communitie5 PCF R¢pprtaY￿Ac¢￿Mts 2022.25 11 Irr) Our vision and how we're working towards Our vision is to help our help our residents and customers become healthier, wealthier and happier. To do this, we put the needs of our communities at the centre of everything we do. We use years of experience and expertise to work with partners and residents to make a positive difference. We do this by. Building engaged and active communities Boosting income Developing skills and aspirations Improving mental and physical health PcFATrn￿￿ Reportand Accowts 2DZ2.J IS -Q I l Building engaged and active People are at the heart of everything we do. We provide support and advice to help them make a difference themselves. Whether il's managing one of our community buildings or designing and delivering their own projects, we're here to help them and their community flourish. Helping people to help themselves A quorter of our c(ynmunity buildings ocross Lorthn and the Home Counties ore run by manogement commitlees ond community portners. They provide services for their own communities. such os food Fxjntries. health and wdlbeing sessions. emthment support ond chiklren's Ixtivities. We've given our residents o ploce on the decision-moking pJrEI for the Thamesmeod Community Fund ond the Youth Peo￿e'S Fund. ArKI we've supported 123 sociol oction projects through our Cornmunity Leader5 Programme, which offers gronts of up to £5C(J to ktal pe￿e ￿ (leliver activities that benef il their community. we'￿ also working with grossroot cc*nmunity gr￿p5 to help them rr*]ke o differen￿ in iheir own commuitie& Supporting young people to lead We have a range of prograrnmes aimed ot young r￿pIe. encouroging them to leod os well as partiCiF)ate. Cxjr Young AM￿$s0d0rs programme works wilh I6-25-year￿kIS lo help t￿1 idwtify orKI 50F on issue IF) their Iwol community. Some are even awarded grants of £1,000 to lest their ideas. Another programme. Peobody Advisors. gives 18-25-year-olds the chonce to addr￿5 0 live business chollenge for Peobody. During tt)e year. we w(M*ed with 119 young pe* on our Young LecKlers Progromme, 53 of whom who went C￿ to tecome Young Ambassador& Seven then took pjrt in our Peabody Advisors Progromrn New approaches to social change We provided training. support (and in six coses a wnt of £IO,O¢JO) to seven community orgon1￿tiOtr)$ thr(xJgh our Social Innovation Fellowship to help them deliver social change. The opprcoxh. known as human-￿red design and sy51ems thinking. is sUpr*￿ted Wdls Fargo. .Jl= D 11 IU-4 111 .14'J LAV .-[r￿A J.-I.-¥* 21 Boosting We help people to get better-paid, higher-quality jobs and reduce their debts. We also make it easier for people to f ind affordable childcare, which increases their chances of f inding work. A coreer that will last Lost yeor our Economic Inelusi¢)n Team hdF*d over 1.100 people find a job. stort on opprerticeship (x access troining ond achieve quolificolions. They provided one-ttrone coreer odvice ond hdp wr¢ting Cvs, job OF)plicotions ond preporifKJ for interviews. Our fortnighty Job5, Training aTrd OpF¥)rlunities Bullelin helps peopfe firKI an owNliYiity thors right for them. More than 1.600 people joined our Peabody Jobs Fair in NOVem￿r 2022. We hosted over 60 emFJoyers arKI orgonisalions ond provided o dedicated Peobody zone offering (wr customers o wide ronge of services and SUPFJ)rt. We olso held online webinors f(tused on Cvs. opplicotions ond interview prerKJrotion f￿ empkwiwt opportunities in growih sector> We kn¢)W thot for mony of our ￿SIdents lock of affordoble. ktol and high-quolity chikIca￿ is slopping them working. Lost yeor our portnership with BNP Paribos hdped 223 Fwple get chiklcore qualificotions so they con not onty work thern$e￿￿, but also enable ottws to Helping tackle financial worries Across Peabody we hove a variety of teams offeriry SFxialist odvi ond SUPF)Ort to help F￿0ple moximise their inc(me whotever their circumstonces, needs ond challenges. Peobc¥¥s welfore and benefit advisors make sure people ore claiming the right benefits and discuss options for tackling debt. We olso work closety with our wrtners to teoch pe* hC￿ TO rn(￿09e their money better ond show them Whe￿ to go for odvice orKJ fin0￿101 help. We even hove our own website, Peerup Pe￿, which hdps Customers save money ¢)n their bills for fo￿. leisure and shopping with deols fr¢)m big brand During the year we tounched Support Finder. wr online thor gives residents o quick ond eosy woy to find hdp. With the dick of a bLJtton. users con occess a host of orgonisotions and online resources providing help with energy bills and food costs, as well as debt advice. Customers con also access information on governmeni funding and as515tonce. training ond education and mentd. physicol and emoii¢)nal well￿1￿9 SUPK)Ort. I• PCFknnwl Repcrtwd A¢cw$ 20Z2.23 Joninrf runs her own chi.'dminding business u kvvl 3 Ll iikjiriiiidiiw LWlS¥ UI Porkside Community Centre. As o busy mum to an Lyght-month4d, Janine found juggling the coursp. ond famili life was made eosier as she could le(Jve ."fy'*+.. her little girl in the free uechD **thi'.p. shp. (>ttp.ndprl Pé CO&•i Je icuiiy vyThled up my ele> Th i Y¥1 expectations there are kn p￿lS1n9 os a chikJmirth.- said Janine - rm go hapw to soy that I h¢x now started my Jsiness as o chi'.dminder. I'm still bearnirq and woukl loyc to cxFond thc bu•inc53 Qs my daughtcr oets Othr. I mode bts ot friends ¢)n the course Ond i tt)e childcare team aws g(we SUPFKJrt where needed a￿1 help&J me prepare for OFSTEO.. t*￿ry￿rI for wlvacy 31 Developing skills By giving people of oll ages better access to education, training opportunities and business support, we help them broaden their horizons and achieve their goals. Kickstarting a coreer Starting out on the career poth isn't olwws eosy so use OPFxYtuntties within our own organisation to help. Through the Department of Work and Pensions. Kickstort Scheme we hdp*d 12 y(xJng get on the coreer lodder with Kickstort ￿oCernents ot PeotKMYy. We're olso creoting leorning ond eM￿YMent oppcthnities ts young people with every new hryne we build. Last yeor we helped 206 peopbe interested in a career in Constr￿tIOn get on apprenticeship throl￿h ¢Jur Supp￿ choin. And we delivered inforTThition sessions and traineeships with contractor pjrlners. including Durkon. Berkeley Homes. Ardmore. and Mulolley to make sure oll apprentices had the best clM)nce of SUC￿$9. Supporting enterprise We offer a range of tailored support thr(yJgh our specialist enterprise progrornme. This inclvdes everyrhirvj from helping peo* who wont to sei up their own business. to Iroining for eoty-stoge start-ups and businesses who wont lo grow. We provide.. Training and advi￿, including the monthty Peabody Business Forum. Help identifying interml and extemal funding opportunilies. Acce55 to our community centres, co-working spcKes ond commercial premi5e* Support with tendering ond prctureff*nt. Opportunities to neh￿rk and Ir(KJe through PeotK* orKI wr partners. Lost yeor. we helped 476 local sociol enterprises ¢xces5 suppwf aTrJ resources. We also provided 81 businesses with opportunities to trade k)cally. Building business links The Peobody Business Forum helps build I￿tter links t*tween businesses, k)cal outhorities. devekjpers, our supth choin and bcal communilies. The interoctive monthly sessions are free and open to busine55es and aspiring entrepreneur5 lo help encourage busine5S-tO- busine55 communicalion arKJ nefvthirrfJ. James nvjje most of suppxt he recelved from Peatoty to his community project MaFia week￿ (Moke a Film in a Weekend). Stortinq his icwrrw with ￿ fouTrJolion os a Comrwnity Leader arKI re￿Ning a Community Leoder5 Gront wantcd to dcvcbp his PTogramrne further. JO he ! Offended Hatch's Business Hackcrthon pro3ramme ddivered in pjrtnership with the foundation ond then V+ent on to secure his pk￿ in next level progromme. The Lounchptsj. to d￿eloP his socitil "I pkin to use the kn￿¥le￿)e I leomt at the IKKkatrkx event TO devew o shc)rt. tonclse devotor pitch. This is going to be realty useful for me when I begin to orticulole my business to , ￿￿ential dients aLw my netW￿k in order to James hos ¢>r ￿ tQ Wi51er MoFio Weekend as o Communty Interest Compjny wth Comwnies House token port in tyjr So¢iol Innovation Feltcthtshi 41 Improving mental and physical We all know the benefits of positive mental. emotional and physical health so we have a range of initiatives aimed at improving the mental and physical health of the people in our communities. We also have programmes to support them to become more active, resilient and confident. Tackling food insecurity With the increased cholknges posed the risiThJ of living. mry P￿ in our communities are forced on o daity bosis to r[￿ke difficu choices befvveen heating. eating aTrd poying for essential living costs. So lost year we worked with ￿Jr portners to sei up 24 fcKKI insecurity rKoiects to hdp households sobt on Iheir heekty slxp. One of those. Bubble and Squeok. is o sccial enterprise tru5ed ¢Jn stopping food woste ond promotirrfj healthy eating. Run by a group of entrep￿neUr1cl children from Old Oak Primary Schcol and our Old Ook Community Centre, it lakes editrAe surplus food from lctol businesses. markets and supermarkets orKI redistriblrtes it to ihe Ictol community on o'pay as you feel. basis. It supports over 150 people eoch week. We also Su￿ssful￿ p3rt￿red with Fettx Project on fvirannuol food redistribution event. We were able lo connect residenl vojunleer5 from frxid l>Jnks, pontries community kitchens and help disrribure over 10 tons of surplus food to over l.Cl)O households over the festive period. Championing well communities We help communities get ond stay octive. And we work with partners to bring positive heolth ond welltreiThJ to ¢Jur communities. Our Active Well Programme in Thame5mead helFed 913 get octive through o range of sporting (￿lIVIties. We were olso able to bring together Inlegroted co￿ Systems (ICSS). Locol Authority Public Heallh teoms ond locol NHS services to improve health arKI wellbeing. Better mental health We take o holistic approach to improving mental heohh orKI wdlbeing Our Wellbeing Café at Chingford Hall offers sessions ond ocriviTies wilh POTtners. including the NHS. the London Borough of Wolthom F￿eSt, MTC Learning and Hornbeom. T￿tt￿. provide activities to bcost wellt*ing ond contr isokrtion. We've also partnered with the Core Commissioning Group (CGC) lo bring mentol health professionals to our Crisis Café at the Pembury Community Centre. They help suppjrt young peoFAe and reduce emergerq menial heattt) a(knissTons. Our Peerup digital lifestyle wèbsite olso offers o range of heolth orKI welIk￿lng resources to help maintoin gcc(J mental ond Ftysical heohh. PCFknuol ReFry*t￿dACcrnM￿?￿2I.2j Tn r¥Jrtnprthip with HJfT ond The Fdiy. Proj4cl, we slorted The L￿10n F¢x*J Insecurity Neh¥otk. This pxriting npw partnership explor•s k)ng-1•mi ' su￿oI￿b￿ communlry-led sdutions to t¢x The idea is io bring togelher housing ¢)SSCtiofic￿s from ocross the copital with the £4￿ciNe aim of a)suriro Ihat no Londoner goe5 to bed hurory. , "Across the copttal. tKyJsing aS￿l0￿0￿S ore . fundiro deliverinq o raTh]e of fccé-rekfted projects to supp(yt residents ond communities." sold Sohil Khon. Director of Community Strotegy. P¢rlnerships and Funding at Peatc(ly. "However, ', the scale of the c￿1th)e camot be cxldressed us ond our p3rtws alone. So we're pkosed to launch this imr))rtont initiotive with HACT and The Fdix Prqect to provhje a ioined-up reswnse to tockle ￿ growTrKJ focxl crisis in cMJr communities." Empowering people with We want to help our residents to help themselves and those around them. So we offer grants to k)cal community groups, the voluntary sector and individuals to provide a service in their community which responds to local needs and priorities. For the post 10 years, we've delivered the Peobody Community FurKI with the LoThJon Community Found(rtion. T(KJether we work with grossroots orgonisotions ocross The copitol ond oword grDnts to deliver projects in the he<￿ of our communities. Lost yeor we £l.Im. Our Young People's Fund supports community groups working with young people oged 11-25 to to¢￿e youth vioknce. We rrKJke sure their voices are heard by giviThJ them o pl0￿ ¢)n ttbe ponei that decides where the furKlirKJ Bringing people together Lost year. our Community Celebrotic4) F￿d svprx)rted Feople to orgonise events and (￿1VitIes. It wos o speciol year lo reconnect with friends, families ond communities ofter Covid ￿trICtIOnS. os well as time to celebrate Peabodvs 160th anniversary and the Platinum Jubilee. The fund oims to ￿ng joy and unity to peO￿'S lives durirKJ these sKJnificont occosions. Supporting social action Through our Community Leodws Gronts we help to briw to life projett5 or octivifies thot support our vision of supwrting healthier, wealthier ond hoppier communities. This indudes activities thor. Bring the ccMnmLJnity together. Improve health and wellbeing. Help Fwle to improve their fiThinciol V￿ltselng. Building up local groups Our Thomesmeod Community Fund provided £60,0￿ to 35 kncal community groups ond partners last year to deliver a range of cultural and community projeth5 that benefited kxol resideM& Eight k>col peoFYe help us decide how our community grants are Imjrded. They olso act os champions for the wider community and. ore ombassodors for the fund. 24 PCF Amual ReF￿r￿S*￿￿T5 2022. YourKJ p&)ple in Chingford 5LiccessfulW completed o Young Decision Maker5, Thru Life Menloring cryanise an acfivty vtsjld benefit people in ir bcol community. With supp)rt from our youth team, ttw orgonised o weekend rgsidentinl trip to Gi￿￿11 Park for thal young people oged 13-16. The main theme for the weekend wos team building. moking friaKls orKI hcmng furn Juvoume tried outthe zip wire durin9 the weekend: "&*1￿ll[l￿a wi life VDU huve lo do thlngs ond r . think obcAJt it aThJ whatever happens. happens." sold Juvalime. Thays just I see it sometimes. The fact Ihat I'm scored of heights, I did it and . overcame my feor I feel gocxl aLxJLrt myself.. bout i laodv, Local As an organisation we're big but we're local and well-established but forward-thinking. Our size means we have the experience and connections to drive positive change and address challenging issues such as homelessness, underemployment or violence affecting young people. But our local approach means we know that one size d￿sn't f it all. By listeniro to sJJr residents ond the people in our ccKnmunitES, 4Ne're able to develop locol oreo plans ¢xldres5 the issues affectiry individual oreos. Through these we con focus inveslmeni where rfs needed and moke pkjns to improve porticular services or offer towed prcgrammes in some orea* In all the areas we work. our oim is to Co-ueole projects ond unkd( opportunities thcrt help people fkiurith ond focilitate tharoe that hJst5 o lifetime. PCFAnDwI Rwand Acc(Nhit5 2022.25 17 What we're doing in We want local people to benefit from the opportunities created through Thamesmead's regeneration. So we developed a local strategy that , focuses on making sure the people / and the communities that call Thamesmead home are able to'i flourish. 000 533,444 8,715 pTr Population of Greenwich and Bexley.as of 2018 (ONS,UK) Number of Peabody homes in Greenwich and,, Bexley How we're doing this 5￿PportI￿ people to o¢hie¥e their bxtsDtlfjl: imkYwr¥J rKcess io troining helpiThJ resId￿rtS ond oJstorr*r5 into sUstai￿b e￿pIC￿ent. We'rpalso provKIiThJ ￿4X￿￿nts ot and wrth Icml y¢X5ng peop￿. l•lepJrtnered wth the TrJlitinol Childrw) Centre, To deli¥er o f indUs￿e sunyner hr)li(kiy wr>jroM￿ forthibjren with SFecioI ed￿0$lor￿￿l {SEND)aThJ th*r familie5. Me ]n 40 chihgren look part ￿ a wide ror#Je of LKtivTlie5 ddivered by fxJ1WS, Induding mum SFXXts.yoga, trAJsinesses. Our wrtnershipwith y￿￿1k1 Ventures UK has hdFÉd many 51udents find wrrk aftergradLthro with qualifica$K￿ In arE05 gjch as Flastering ar￿ heohh and sofety. Sorne sttOents h(we otso obioined a ConsmKfton SkilL% CerknfK￿ Scheme (CSCS) cord. p keepchihjren and ywrrfJ F*¥¥de ¢)rwrysotiorffj 9rtY4)s h(h* o In hv410 Impr￿tt￿ for A totol of 328 thli took pyl FL*the wst fixjrwrs the Locol Areo Plon T￿rn n Thomesmeoj has £#xdiTrJted the MwriTrJs thiklren Ccrnunity SteeriThJ GrouB Ivs ffl(*Je up of rewe5ernlative5 from ¢d 5thods. IhE public health seclor. kxol volthtory. ¢unrnunityaTr sctKI enterprises (VCSEsl oThJ Ictol stw. o ￿de rorg rf ¢XlNihes. A further 162 In¢reqslng •¢xlal ¥dw. with our suppty chain we doThtted Materia￿ and equiwrwt ond kyovided emF40yTr￿t and Ils tralning. we￿ also cre(rt8J edLKalicnThbJ bJikJir#J. M 70 FeoF4ec¢ynp￿d orxl Bew. Thewrtnership's aim 21 PCF Annutsl Rwrtthj 2022.23 YouthBuikl Learw5 ViSt8J o ktd schc¥J orKI K¥ked wilh o grw of slthts thelr torrrers to f&Jmiru One oftto Ycxrth&Jik leanErs come with on emFowering SW of get his life cjn tr(￿k hoving previcxtsty been exduded from the sch¢)ol ond W to 1KI St￿ r￿￿Vi￿ a conditionol offer to stuty a vocal￿1￿1 crAYse in constrtKlion at Shooters Hill Cdlege. Deputy He(xJ of St Pau15 5aKI: Yhis ryhjsises the Fxmrof the intervention put in pthe feel ffKffec(rfthit myself beccwse the Pea￿￿￿ aTrJ underpins how1hro￿ o F￿￿rised bbnk (In thepumal} on each day hdp me aFFnach to diseng¢*Jed sTrJdents ttrwe con be a creote a SFxKe fcy to let go of the stuff that pjsitive and lifxPh2ThJing OLY wilh Parent Pwaryj PTh¥er mobi￿ Gym ¥ovtd&Y need￿ physicol and mental health t tsiwrvJ M¢)orings Sctiabie Club with Thrive t*)xiro rr*ntol heoifh sessic￿$. 12 ywrKJ Fec￿￿ pcytidpoted in dws of t¥)xiro (WKI Tr￿10] activities ond sessicy 11 tre rrnhyed as a regukjr activity during sthcd m￿￿rg5 knob￿ Chjb in Fofftrship Ih the Rwl 8orc4wJh of Ihe ￿ty. Brighter Fulures odults wilh *omiNJ dlsabili tt*café wxles indu5we SFQ voun9 FwAe. funilies Thjmesrrwd. ¢k4mwing h•qlth (w wellbelThs WE reC(￿lSe irnFQrtance of keeping fir heoiihy.And as wrt of tt* Heath TI￿n￿smead Partnership. ￿re ddistring kw Frogro CoftpwtingThomesmeoJ. is a thretr r prc¢JomrT* foojsed on ￿1r￿￿ i5gbtion and Iwd1ne￿ And Scl Supenone5 ddwers octwities It￿￿$ed on ¢Jclive travd. alr9￿lity, thsicol olis& To pronx*ie men's heohh. I￿￿ an inierocirye ￿￿t Ihe MDJrvvJ5 S¢xiotle aub Sn pJrtnew5hipwith Shariry ￿119 •Trd exporiene teen w?rkiry with o group from the &rchrrere Chor¥Jing R(xyns ond ottw kxal pJrtner5 to c￿deSignand r￿n1r￿j and 15 10 Ir#Jny community wps oTrJ ktol tyynisop. NHS Chorflon Athklic ComnyJnityTrusi helF*d roisemreness of men's hajhh iwe& GoiTrJ forhrrd devebpiwvj a Men's Health Fcyim) whh frcffl ttk M￿ring5 Ne￿jht￿t￿Qcxd Fc¥um. BirthrT*re Footbol*s, The &rEthere AnglirrfJ aubarKI Ic•)Jl SC￿ chik*en from St Morgaret C￿ther￿* Prirmry Sthc*J h7¥e oll conlritrArted idt05 forwhat Iwd like thesPJTr to be in fvlure. We've en9]ged ￿ Olher ￿ld￿ts to 9Jfi*r Insiyhtond ¢w>ithon tr Ihe Je of swvice& I￿1[*) Our Posili¥e Steps Thomesn prcgromme hdps peoF*trtho iOTrtcorK>mic ryobkm> ifs oim pCFAnn￿￿ Rworwj ACC¢¥Jnts 2022.23 29 What we're doing in We're working in portnership with sidents. Hackney Council. Save tt)e Children, schools, health services and local charities on our 10-year Pembury Children's Community programme. It aims to improve the lives of almost 1,000 children. young people and families living at Pembury. 0 0 279,665 000 6,843 Population of Hackney as of 2018 (ONS UK) Number of Peabody homes How we're doing this , Glving M51dqnts q sar. fv Re5vJent SteerirnJ Group is made up oft￿Jh1 1LKol residents ond helps ro sFMJpeth• . Stro￿1¢ direclion of the Pem Children's Communty ecnrd. The group gNes kcol pYicfrThe ,' a5 wdl as activelyc￿t￿butir0 to ,' k¢d Qehvitie& During 827 rxwous ￿r. p￿*uryT￿5ures lets ', Peop￿ set LV slolls to sell thirfjs ' like c$e ￿)t to stryKtured exerose. sthcc4 h)lidwcamps and SFec¥JI sForts Sess￿￿5 for otheThYi5e di5eryoged dder teenoger | and gLwe £2,5CQ miurxjronts TO a rorgeof Ictol communty grrxJp& se￿nn9 funding.. gol £10.0￿ to inprDve thelighting so a￿1Vi￿*s con be ol yeur raxK1. '. H•lping purents throuJh w Prmi I Champi¢M$ pwromme wrty)ts n*et ,' ots porents 10 Sho￿ infomm l obJJfiomity swvice4 OthvitiesorMI ,' theii own experiekKe& Inspiring rnsbd•ntr pjrtnered Saddlers We1Ls to bring th)reoaruphers lo Pembury. indLklirg free Shr￿ts aTr aChvit￿ at fvlheolre for o '. Supwrhn9 1¢¢41 initiqliv•% . L¢)2nhc*)Y is a psx¢Wh￿e txxwts con gwo thale set ol unifrym , Xmpr•ving Sn tt YQ PCF AnrAJul Report￿¢ 2D22. Our Pembury Children's Community has teen hdd up a5 o great example of to use the local community to encourage wider thinge. The Centre for Evidence and ImplernentotiC￿ used cmjr project in their study of FA0ce.bosed appr￿￿￿S to reducing youth Violen￿ for the Y(NJth EThJch FuThJ. They praised our model for the way it mobilises inv0h￿ the kral communty to hdp understand h*>rf to stimuh3te wider systems thange. In November hosted the k)unch of as a bbeed kit at ￿ Pembury comm￿lIty c￿tre. Dwewd tyoniel Prtjird the putJicty(NaikJble knts oim to Frnent d&2th frun catas￿￿ trAeediro wor to ￿ arrival of air Susan FctraTr2.T￿K￿ (Cabinel Member for G￿mmUnity Safety). representafives frorn H¢)d(ney C￿￿11 Q￿j The Baird Foundalionioined As did IKI rrL)ttErs. who FKNirvJ trugtcalty lost chikJren to knife crime. commit their lives to PEIS P¢F R¢Wt ¢iThJ Accwnts 2022.13 31 What we're doing in We're I•￿kIng with local stakeholders to engage members of the community in the things that they need. 000 276,700 2,797 Population Waltham Forest as of 2018 (ONS UK) Number of Peabody homes How we're doing this Supportlno leqrnlnw. ronge £4 Fwrommesto erwjroje rnlrvj. such as Re(*j￿g fTOrn Ihe Start. fuTrJed by VINCI Faaliti which encourage5 children ar families lo toJether. Re for Schwl is onots prcgromn*. suppmttl ty Puryty. whith lur¥Js o communty-kxjsed *eocherto hdp c1￿kI￿n need exlrg l*wi1h their *mirg os t￿ start tsoItend￿ 140 Itxol resKI￿ts. The fthwis o Winter W*ir*J Day in pjrmership ¥ Eden Proj￿ Ccfflrnunitie5 and Or9JnicLea. The sécoTrJ heohh fe51Nal in p]rtnership ELATT. And the thKd annuol Chrismw5S Foir h¥0 l¢ThJ-Stondir Chik*en's thurlvs 80ty B￿￿ h rrnwniinity in hrmKJh. Thckling lood Pfftrtr. our Chingford Nall Pontrywpports Ihon IIXI fvmili•s o 6ithiiiy Iv I . kneA. I felt nervous hovirrfJ to meet ond 50cialize wrth other Feopte. But in time throu9h otteThJing dub dthJtriNJ with the youth w0￿erS 1 storted KJ fed less rervous ond more confident to t￿mI￿1C￿. with nfw rffj)Ip.. Nthv I get to ploy rnre footboll as they run uctTVities in the coge. I talk to more people and rr** Fe0* that live Ic￿1 to me and con thill with nnrl T gpt thp rhnnrp tn ty frrAE T hnvp npvf.ar Daniel frses. wnlry or￿￿n ne#Jhbxrs ttthng oll ar Sho￿ w7th ktol le$￿￿nIS ¢J¥J [￿OrrtS supw ￿der￿MMunity $upporting •ntqrpri5C worked with Hdpon Your Dc¥Jr5tepto offer worksFoces crt wrcorrrnjnity centre5 in Arch￿1]nd Bmhill. Their Gcoj Neighbwr Scheme help5 vuknerab 54 PCFknyal R•ptytr￿ ￿Cl>jnis ￿22.23 Thomas. ¥¥1￿ lives on a Peabw* Estate in I￿1r￿￿1. is cfft of 11 bcol resident5 who recently cornp￿ted our Green Ski115 toster ¢our5e run by d￿e￿. Londtj) Sq￿re. arKI the Skills c￿e. As as gettirKJ a CSCS Labourer5 Card. Thomos leamt atxwt new tethnokjgies, modwn ways ta build ond ochilyed quolifi¢oti￿￿ In tmlth ond safety and environmental a%￿reneSS. Thorn￿ W ttK* finishiro the course will be the r1151 ¥l¥y LI￿1￿11￿￿115l1￿ by yeS111¥ u Jub in our 3uppty ¢thJin. I le'3 working toward getPing his HGV licer￿e finishing a scaffokjing course. Ourty￿ is to o pool of taknted hx> e N*x) con ￿+￿t* sitè vf ilie forrTIVI HcAkw Priscfi. Peotts* has committed to build o rth neightrthrttr3od wrth 985 new home5 . 60% of them offorda1￿e. a 1.4-ac￿ publi¢ wk ond ftxilities for everycTh lo enity. PCFAnNJDI Repr*r4Th1 AccowT5 2022.25 55 What we're doing in As part of Southwark's .Anchor Institution Network. we're working together with partners to deliver better economic and social outcomes for l¢xal people: 0 0 645,500 000 Population of Southwark and Lambeth as of 2018 (ONS UK) Number of Peabody homes How we're doing this lfflpr•ving ac<•sS to wpport and opporlunitiex weye sure r re5h*nls h(Ne oppxlunilie5to EntrEpe￿ts ￿lial￿e)￿￿ 10 kxol We￿e 0150 suppxting Ihe Housirvj AS$￿10￿c￿ Yrth Netsc￿10 deliver pYOYarrffi￿ aimed ot reducin9 more fina￿￿lI¥s1Qb￿ We a￿0 SupFY)rt 10 hdp rE$￿entS ft￿1 scyr ofihe C￿l￿nge$ Iwre facirtrJ teo)use of the oThJo￿l9 cOst￿4Mr￿ , Provi&ing funlfiry aworr￿ £42.5￿ of levd-upthwd fundirvj to dislritr#Jte tOWS5mOt5 l¥￿150￿¢￿15 in thèam. Ihe nwnÈeroftrDirdrq coLw EThgish for SFeakers of ofher Largua9e5(ESOLI oThJ nTrJths with RIPE Entryse B￿thA9 hetslth grnd wellbeing for ytyjllg p•opk hoste(l o Mentol Hedlh MoTtwsM*y*shop foryour issues relotin9 to fvir ￿￿7101 health I￿9￿h creffjive meuns, irKludiThJ wririThJ rdkirg. And we k)j￿hed a menloring service with Prwtdin9 business support. provide free enrerprise >JFP￿t to all Southwork customers in pJrtre5Fwp wilh HATCH Ente￿1$& In de5i¥ered a sPart.up Tr¢kfing vl•l•n¢w. we'reknrykir*J w1h Ihe ktol o ron9e kxal schcds in p]rtnershlp tt L￿￿￿.$ strOR9ytrToc￿ir PCFAnnwl A?￿rt￿4￿C￿T$202Z.l3 In partnership with HATCH Enterprise. kyjsed . Eo5t Street Morket in Soulhwork. knE've ddivered dynomic opporruniftes for our ccrnmunfftes to develop their ideos ond kjunch Iheir businesse& HATCH delivered three Hackalhons thich were promted by our PeoLr¥* Ecorvjmi Our Community Cdebrotth Fund supported peopk acrc)5s Peat(¥* communities to wnise e*pnts arKI act5vfftes to hdp residents reconnect with friend8 f(wnilies ond communities ofrer Covid restrittior& It also coincided with celetxations to morf( Peotx*s 160th amiversary ond the krte Queen's Platinum Jubilee. Inclusion team. Individuals ottending tt mosterdass styrfe opportunitie5 offered or forf￿ busirEss Supp￿ by a HATCH Prc4romme MorvJger to toke their ideas further. Thrwh our partnership we've SUPF¢)rted eight entrweneurs into 12.week wogmmmes to further devek)p tt￿1r buslness or ￿sInesS ideas. Seven people occessed Ihe LatsnchK￿ prcgromnE. arby c¥E joined the IncU￿tOr F¥ogramme ¢Jfter arrerKling the Ihree-hour HATCH Hackathon Mosterdos*s- oll progressing to the nexr level FxcxJramme. sus¢￿ frcrn RoserKknk IRIFed orgjnise o Platinum Jubilee Frt]ty for her locol community. where the da￿ing competitK)n quite competitive. ere some amazirKJ dancing with differenl dar￿ s￿5." she sold. (thing ttM]t Ihe children's cc*nWition h¢)J to hove winners as it was tots difficutrto thoose. She also said it wos a very di¥erse everrt Wtth bts of pe￿e ioinir*J in. he wfv)le ccmunity tcok pjrt, which rnde for very enioyatje ty, Forticukity cffter the lost fv NICO￿ wthojoined ore of the sessp)rs sai¢t"I ro21ty ￿r$. The 4%tother hdd off for the Who￿ aftemcvi enpryed this workshop- it m(NJe the whde wocess 4thich meoni fv event could be ￿JIs1de so that we of business ￿Onning a lot less daunting" IP PCFAfr6wl ReportandAccouM52022.25 57 Looking As mentioned at the start of this report. after joining together with Catalyst in April 2023, we're now a bigger organisation with even bigger plans. We have a new Community Strategy that focuses on four priorities based on what our residents and customers want ond need. But our aim remains the same - to deliver the greatest possible value for our communities and help people flourish. We'll continue with the vduable work we're already doing and invest where we can to further improve our communitie5 ar)d tt* lives of ltr¥)se that call them home. We'll f(tus on the f(4kywing oreos: Tackling inequality and povety. We'll continue to colloborate with our FKJrtners to mximise the volue we bring to our communities. We'll deliver suppwk to those who need it ond use dota lo understond whays needed. We'll hdp provide affordob childcore, olbwing more of our customers lo gain empbyment and increase their skills. Embedding wellbein We'll look at the bigger picrure orwj give peo￿ the skills Itw need to help Ihemselves and IfrK)se oround t1￿. This is the onty woy to make sure the chonges we're moking a￿ sust0inc*j￿. Customer co-creation and sharing power. We'll use the combined expertise and skills of our residents. colkngue5 and partners to help ddiver what e(Kh community needs mosi. Communty activities and programmes= We'll use our increased size ond influence ro devdop notional and wn- regional partnerships which bring much-needed skills ond funding to kKal areos. We've olso chonged our overall approoch to give us a more bcal focus and help us better understand what works for our communitie5. By workiry rTh)re cbse with partners in Islinglon. Lambeih. Southwark. Hockney. Woltham Forest and Thomesmead we've already seen o difference in how our investments ore being used. And mst imponanlly of oll. we know We'￿ providing services that ore truw needed. Social Value AddiThJ social value ￿M01nS o key of who we are. We're doing whot we con to gain more social value from our speThYing deCisi(￿S so we con oddress more of the key issues foced by our residents ond communities. We've embedded social value targets in our lorge-Sco￿ contrac15 to ensure thot our communities benefit from emploNient ¢)FP)rtunities. funding for grassroots events orKJ pyojects. volunteering opportunities ond much more. Our tEsidents have told us tr•ant to be more involved with ow community investment Work So we're making it as easy as possible for them to plty o port in deslgnlng Servi￿ and moking decision& By doing rhis. we'll be helping io build the engoged. supportive and entrepreneuriol community thot's central to PeabcLty. Our new opprooch to social volue sets out how we'll rr￿11{¥ and rTrJximise ￿101 volue and SUPFLYI Ihe United Notion's Sustainable Devebpment Gools (SDG's}. These ore ouilined in the 2030 Agenda for Sustoinoble Devek)pment and aim to create o better, ftjirer wortd by 2030- ending poverty and inequality ond urgenlty oddressing climate chonge. 50 PCF Amwl Reportartl ion.ls Wates is a kjng.tem p3rtner of Peabody. providing resp)nsrve repairs services to our Thevve ddivered a rarKJe of initiatives over the post that show 1heir commtlment to socmjl volue. These indude sending volunteer staff membws to careers days for young people. supporting CV v4ritiThJ ond holding interview skilLs i i. worksw. arranging repoir5 on our estates arKI improving communoS areas. TheVve also dtJKJted bcoks to PeotrKty* aNJ portner organisotion c(Ynmunity centres throuth If st-. Wotes. O*m portfwship with ￿ Chiklren's Bc¥J( Project. "Sccial Volue sits ot the h￿rt of Wate5, QS O long-iem, orooing commitment to SUPF#Nting individuals and ktol smoll businesses. the communtfies we work and the environment. IYS imFQrtant Th)w more thon ever. due to the sctial ecotvric pressures our communities a￿ fwng. Ihat push for meoningful sociol value that benefrts Peatx)dy residents.. Jamie E(#1. Social Value Monager. Wates. Partners We would like to thank the following for their valuable support in 2022-23: Addison Lee Advonced Building Ltd Ama￿aMated Lifts Axis Bayanix BNP Poribas Bow Arts Cotowst Chcdton Alhletic Community Foundation City Hall Regenerati[￿ Fund City ot We5tminsfer Clarion Housing Group Clifford Chance Department of Work ond Pensions Durkon Eost Lon(ksn Business Allionce EEM Effectable Engle Film Fixer Ginkgo Gor(lens Greoter London Authority HACT Harmony Help on Your Doorstep HS2 ID Verde Imperiol College Jigsaw Conferences KBH Buikgers Kinovo Group L&Q Lightside Uoyd Pork ChildM's Charity LMAC Group Lid London Borough of Be London Borough of Hockney London Borough of Hommersmith ond Fvlhom London Borough of Islington London Borough of Lambelh Lond¢)n Borough of Lewisham London Borough of Souihwark London Borough of Tower Hamlets London Borough of Wallhom Forest London Borough of Wondsworth London Community Foundation L￿n Econom￿ Aclion Portnership LC￿dOn FoLKf Allionce Lcx)don Funders London Srxrth Eost College5 London Wikllife Trust LSEC London South East Col*es Monchester University Mory Minule Tnjst Mayors Fund for Lorvjon Ncrtionol Lottery Community Fund New Economics Foundotion Orbit PeoFYeValue Pilton Pkntific Purdy ContrOCfS Ltd FlOven5￿ume University Royol Bor(KJgh of Greenwich Royol of Kensirrtjton and thd5ea Saltash Enterprises Ltd Save the Children Sevilse Smart wo￿5 Sccial Value Portol Srx•rt Engkjnd Sureserve Fire and Electrical Sustran5 Systems Link 20 Tectonic The Aspen Institute The Felix Project The Housing Forum The South Eost London Chamber of Commerce Think Events London rsG Buikling Servi Trees UK of Brom Topcoat United Chorilies in Homrr￿tsrntIh ar￿ Fulharn University of Monchester VINCI Focilifies Waterwoys Children's Cenlre Wotes Welb Forgo Youthbjihj Venlures UK 40 PCF *xdiuoI ReFMory1 k¢wnTS L. *ir*w Trustees / Directors / Advisors P•obody Community Found￿10￿ .Trust••s / Dir•clors" / Advis¢>rs "'Truslees ore olso the Directors ¢)f the Cc¥npJny) Deirdrè Moss. Choir (umil Sep 2023) Helen Edwards. Choir (from Sep 2023) Thelma Stober, Vice Choir Peter 8affce D•irdre Mos$ Choir (until Sep 2023) Deirdrefftned the Peobody ClynT￿nITy FOundoTk)n ("PCF" or "Choritf) in November 2017 been opwinred to tr*Peob>*Tri1518oard In June 2017 Idkmng thè Petsb￿ly￿I￿ Fomity Mosoic in 2017. there She wos on ihe Btsjrd f￿rn SepiembÈr 2014. Deirdre has ed thÈ ingJMnce Ind￿ry for over25 wrs wilh FTSE lQJccrnponie& Spea¢thyr¥J HR. Fw>S led rMsorchan9e5 inv¢Yving large, divers w(%kforces. She hos HR IISuhorKyccrfnFWiy. ond c150 $its 0ntheadYiSLYY9￿p of o Ltythn-ba5*d truining ctsmpony. C*Ore L1i¥ersity 1S5W5 throughout ￿r¢oreer on¢ £C￿l*￿e5 to In o ¥ohJniory ¢OPtiCitylN Ihisorea. Christine Twner Kathrina Winbeck Shreyo Hewett Maffhew Martin Korima Mbarak Catherine Execulive Director of Care, Indusion and Communities Stephen Burns Dire¢lor of Community Slrotegy. FurKlraising and Partnerships Sahil Khan Secretary Sorah Cameron Company No 01267728 (Registered in Waks) Charity No 271731 (Registered in Engkjnd and Wales) Registered Office 45 Westminsler 8ridge RODJ. LoTrkn. SEI 7JB 8ornkers Coutts & Co.. St Martins Office. 440 Strand. Lcrton. WC2R OQS. Auditors KPMG LLP, IS Cortha Square. Canory WI￿rf. Londcffi E14 5GL Solieitors Trowers & Hamlins. 3 Bunhill Row. London. ECIY 8YZ Katharina Winbeck Bogrd Member KofhoiinQ 5tyned the PCF Boord S tesident member Muy 2021 K(rthaiina 15 PQ55ionoie 5oriol losrne5S. SPeCidiSes in sociol ond deliVE￿ PLlitieS. pfo•*ct5 ofKI pro9romme5 in London wiTh o pkice bjsed cnd Who￿ 5VSfern opweoch over the past 20 yeors. ShÈ tutteniiy holds the Position of slioiegic for iransport ond VWDnm?nt ot LIy￿On CowK1lsor￿ has previou5 held PO$i*ions wilh Transport I Lth)don. Audii eemmiSSiOn. the LorrtlDn Bryoughs of Tow orrleis & Lambeth oThY the NHS. 42 PCF AnrNJd Rvrt(￿d knMis2022.23 Helen Edwords Choir Ilrom Sep 20231 Peobrytyr￿5t BDord m*mber Since July 2010 ond o PCF eotsrd rnernber since 5ep*mber 2014 Helen served as Deputy perrnQn￿t ar Oirector Generol ot The Ministry •f HauSin9. Communifies ond Lvcol Government's (farmerty Ihe Departrneni lar eDmmUnit￿5 and Loccl Guvernrnentl Prtviaus roles inclth1ed Threcmr Gerwal ￿ Justlco ￿￿¥￿1 1he Ministry ol Justice ond Chief Execuiive W51nODS aythe Notior￿1 Offendw Ncnoqemenf Service and Nocro. o noiionol Sociol justice charity. is non-execuijve Directo¥at SoLrth Londmand the Thelma Stober Vice Choir Th*mo siober is Heod ol Legol Peier Boffoe Btsttrd Member Peter ityned tr* Peotr¥)tyTrusi Boo￿ oso resident Wrd in MOY 2018 ond the PCF Bwrd in Sepiwrkner 20L8. He 15 Chrisline Turner Board Member With ¢)wer55 ye(If5' exPer￿￿e In housirq 05 g seni¢y execuiNe, b)ard mernb2r ¢hid regukntQr. ClwiSlinÈ'S expertlse Gtr4vnmenfs VKlim5' Panel (thswj on 1rytr41ry the crimirK juthce 5V51tYn for vthms of crime is o450a tTusiee for Lonth Emerger￿￿5 Tn￿. ShÈ is Chtsirofihe G￿￿1 TOAW of tr* Lofwjon MissK>n. d￿eknpmenr. ￿￿£051 homE (wnetthp. regenwaih?n, custOmEr inv0￿M￿nI. s￿ i5 poriK￿c￿Y inferuted ITr tt* of h￿sir￿ to rn¢¢t rtsn9eofneeds. thich Souih L(th. He is o Tiusiee of Soulhwork and Dep*lord meth￿1$1 Churth. He is 0150 0 Prev#￿%￿0 n*mbef f affcwJfK1 rneniol heolth 4 LOtMStr) i*whs. He Is o s￿ h05thampioneoS cu510m¢r involvement and standryds of service d*iwery. Thdmo briws odditioncA 5kjl5" 5Tixner5wvKes. hoJSiw secfvr eXpertise￿d gover1￿1 Fx4iCY. hTr)ry schorA octiry os the Link Gy4ernty for eqvulities nd tU[r￿￿1M. been Shreya Hewett Board member Shreyo j(Mnedthe PCF Pthrd as ￿sIdent 8oord ML￿b￿l￿ JortuQry 2021. Shreyo Hewen 15 -founder ofGRASP. o thldren. eallh ond h￿Iene Ir#J￿h?￿ in 2021. AS O ￿4 rnsjdenffor the105t •ghryeurs gnd th¢ mother of ihree young chi￿ren. shè is Malthew Marlin Board rnember Molth￿I01ntd The Peoboty g￿rd tss o rÈSideni member in OecembEr 2021 He served ￿ Cotow's eu5frx Exper￿rte Commtnee befryE tt Karima Mbarak Board member nrThJ N*nÈd The PCF 05 nwiber Ncpmber 2020 Karin￿ 15 Sth)ior FinC¥tt Actcvifont ot Catherine O'Kelly boqrd Member Cotherine become o Fomity mo￿1¢ Community Foundaiion 8ourd rnemi>Er February 2016 joined the PCF Bwrd In November 2017. She is the Mofrf)gln9 Oireciorof 8rhlsh G05Energy. Colherine hos hthy sell￿ POSiTion5 af Cenrncu incknding Mancg1Thg Director of c￿tr￿a'S Irish Subs￿1￿ry. Bord Gè15 Energy. Cother1￿.$ C￿eeT hos focused on the ener9y rTh#wiry. Ir￿UdIr￿ iniernaiic¢rt)I energy Stsaiegy with can5diancv Booz & CorDWry. Qré lowcorbon ener9y policy desiw ot the UK'S Ctybon Trvsr. 10 years. pr(>fessionrl eXperie￿e cr¥JnTKg I￿1￿11Th9 ttetJSury. storemeni ol occt>Jn15 ustomer experience. Mailhelrf ng5 0 unique pvspeci￿e 10 Ihe bwd. As • Sh￿ed (n¥n•r. 's PQSSKingie oixwr puttiNJ the ￿￿e0* rEsMlen15 ai the trecrt of peobotys de0￿C rnoknr possionote rJrntc•mrnwty gagerrwi etytyyeor5 elopmeny, p(ytKulody in cross- cuhurol settings. ho5 g 8A in Hisiory EconorNcs trryn the Univer5iry of Oxford,ond Ckg￿nd in ecarthnic pdKy QUIp￿ ond fiwnciol trethr￿￿. Is an od¥w)fe f Slfwhenwwj WTh we(T￿￿T. e57otlishEd ￿t)￿ord.￿nn1￿ coled.Keep￿￿lry in 2018 to erhnic Ml￿tyba¢kgr tothJl*nge tobD05 mfvji rnenid twhh. PCF Ardwl Aep*trOhdA¢e•wft$2Q22.25 45 chfa Vire•i**o£ '. Peabody Financial review Flnaneial p•rformance By adoptirKJ the volues ond culftjre of the Group The Chority hos reported on overoll surplus of £250k in the decision moking process the Trustees are for the year ending 31 Morth 2023 (2022" £5.127k confident thot Chority demonstrotes pK>sitive surplvs). The moiority of the Foundotion's fundirg is engogement with stakehokyers, o reputation for high receivoble from Peabody. with the ￿1 agreed duritvJ Stondords of business conduct ond its commitment Ihe Group onnuol budgeting prtxess. The Chority to bng lem. sust01￿ble svccess and accordingly to adopts its operotion5 to ensure that outcomes con Trustees. complionce with 5172. be mointoined within a fulty funded bolonced tAKlget. For 2023. the level of expenditure was than originolw planned in the budget. whilst the intro Group funding ￿m01ned. This is due to the timing of community projects ond stoff vaconcies. As at 31 March 2023. the Chority h¢￿ reserves of £34.2m (2022: £34.Oml Susloinqbility Statement The Charity, as o wholly owned subsidiary of Peabcdy, oligns its activitie5 and strategic priorities wrth those ad¢Jpted by Peobody. including the Sustainability Strategy 2023-2026. All 5ubsidiories continue to work towards meetiThJ energy efficienL target5. All of PeabO￿S new homes in the Greoter Lond¢Jn oreo meet GLA environmental stondords meettr* LcAKlon Pbn guiddines, which ore set atrrt)ve minimum pbnniThJ and building wulotion Srftion 172 StOt¢m¢nl The Trustees ore owore of and ocknowwe their re5pon5ibilities to promote the success of the Charity for the benefit of its stokehokjers 0$ o whole, in accordance with s172 of the Compjnies Act 2006. When fulfilling responsibilities in occordonce with s172 the Trustees IKive regard to what is in tr Peokxth is committed to environmental. ￿￿101 and besi interests of the Charity and what is in the rrKJnce (-ESGI proctice. We hove releosed our besl interests of the Peobody Group (the-Group-) new ESG reky)rt this year and received third poty accredil0ti(￿ from the Certified Sustoinable Housing including the motter5 sel out in section 172{IXa) to (fl kibd. The Choritys W stokeholders ore set oul in the earlier sections of this rewrt. including other chariTies. Locol Authorifies. community groups. volunteers, resident5 and olher beneficiaries of the Charivs services ond private sector wrtners. The cxoup Annual Report and Accounts (the"Group Accounts") provides further detoils of the Group's key stakehoklers. The Trustees have engaged with beneficiories and cornmunity Partners, os key stokehdders of the Charity. Engaging with these stakeholders helps the Trustees to manage the Chority's principol risks ond hos enc(wroged the Charity's Board of Trustees (the~Board") to move toward a place-bosed approoch. This inVo￿e$ a greoter focus on colloborati¢)n and ctrcreorion for the greotest impoct. instead of direct delivery. with on initiol focus on Thomesmeod. Woltham Forest. Hackrw, Islington, Southwark and Lombeth. On 7 Jure 2023 Peabc¥Jy published its Sustainable Finance Framework (°SFF"). The objectives of the SFF are close￿ linked to the Sustainable Reporting Stondord for Social Hovsing (-SRS-) and include.. Renovcrting and retrofitting existirKJ homes to improve EPC ratings arKJ energy efficiency. ond proiecrs to protect os mony peop￿ as possItr￿e from fuel poverty and high heoling bills. ting access to ewric chorging 5J)ints in Peob)* neighix)urhcoJs for t¥)th residents and employees. Peobody's oim is for oll its vehicles to be e]ectric by 2030. Plocemoking and yosects to improve green sFxJces and wblic reolm. helpiThJ lo moke a positive difference for heolth ond wellbeing. Continving to build genuinely offordoble homes for people in nced. Projects to support residents commvnity rttws deli¥erirvJ ￿d￿rong￿n9 prcgrommes aimed ot children ond youro people. Providing dedicoted personol support designed to prevent or allevTrole unemployment ond low F)ay omongst PeabThJy residents. A detaibed progromme lo reduce cart>on emisslons ond provide supFxyt for people living in Peobody neightovrhc(&ts to do so. The Trustees consider the likety ccrfwuence of arry decision in the long tem in accordance with the Strategic objectives of the Group os set out in the Group Accounts and in line with the Cl)ariVs wjls to build engoged octive communities. bcx)st Incomes. develop skills and osplrrrt￿$. improve mental and physical health. wilhin the budget ond risk copocity ogreed by the Board. The Trustees also adopt the Group's opprooth to envrronmentol. sociol and gfftrnance ("ESG-) matters. PCFANWI Report+>￿ AccoUnys￿?7.￿ 45 Financial review continued Furtt*r information oEx)ut Peobcmws sustoinobiliTy proctices con be found in the Group Accounts. avoiloble ¢)nline at Ihe Group's website (www. peobody.org.uk}. The imwct of the princi￿1 risks ond uncertointies offecting the Company, os set out obove, continue to be co￿ful￿ monitored and considered. The Peobody Board ond the Board a￿ confident they can meet ir responsibilities to residents whilst olso rneeling Peabotys ar￿ the Choritys financial obligations. Principal risks and uncertainlies The risks SF)ecific to the Chority ore rn￿11*0red regularw by the Board ond toke into ocCC￿nt the environment in which the Charity operates as well os the Group's risk oppetite. They ore not unexpected ond ore typicop of the sector. Foilure to mointain an effettive heaifh ond safety vironment to protect the people, processes ond the bU1￿1n95 in which we operate. Non-complian￿ with reguk71ions for prolecfirKJ information ond people. Governonce . Not safwJrdirrfJ vulnerable usirKJ our The T￿￿ee$. ReFQrt pJges 47 to 51 and ts GroLP services. Accounls provide details on compliance with Foilure to ensure rotxjst contract Mar￿gement and applicabk kiw and regulations and the National fir￿ncial control procedures. Housing Federation ('NHF') Code of C*)vernance Mismanogement of organisatioThil change, (2020 edition). poor systems and dcrta. or r￿-coMplI0r￿ wtth processes ond policies. Failure to invO￿e our beneficiaries arKI community portners in decision-moking on servi improvement and local pljns. The Trustees Rerth prDvM*s further Infor￿￿3t1¢￿ on Future Plans (If poige 68. Further onatysis of the key strategic risks faced by PeoExxly ond its subsidiories ond 05sOClOted risk mitigotion a￿ provKled in the Group Accounts whith can be found at www.peab)dy.org.uk y Order of the 8oord If not monaged effectivew these risks can resu in nwjative finoncial. reputotionol. or operatiowl rfomonce impocls, regulotory iniervenfton. or Significant￿ ho￿ people. Risks ore morKJ9ed continually, and actions are idenlified and implemented lo mitigate risks. The Boord provides regulor eversight of the risks end mitigoting action Key conlrols in operation this yeor inclLKIe.' Colleague training on Grcwp prcxedures ond specific troining for services. ond hoving sofeguarding reporting processes in pl(Ke. Troining includes Health & Safety, t)ata Protection and Sofeguarding. Quarter￿ DBS checks. orBJoing monitoring ond oversight of Fire Risk Assessments. gos safety checks. and Heolth & Sofety insF*rtions. Reporting of I￿IdentS of nOn-Cc￿pl10n￿ to Ihe Heolth & Safety Commimtr ond tt￿ Sofeguardirg Penel for corrective action. Locol oreo plons to coter to bcol needs ond SUPFX>rt l(*ol F)Ortnerships. with on eng0gen￿t model in ￿0¢e. Hden Edwards Choir 6 December 2023 The Charity benefits from the Group's fromeh*Nks and processes for overoll risk sofety of facilities. 46 F¢FAn￿￿1 Wrttr￿AcCCUlts 20n.23 Trustees. annual report The Directors of Peabody Community Foundotion are the Trustees of the Chority. The Trustees present their report, together with the audited financial statements for the year ended 31 March 2023. The financial stateme￿$ have been sxepjred in accordance with FRS 102. the Finonciol Reporting Standord Applicoble in the UK ond Republic of Irekjnd (septeM￿r 2015) ("FRS IOY). the Charities In fulfilling its obligations under both codes. the SORP (FRS 102}= Accounting ond ReF)orting by Group follows practice drown from supporting Chorities Stotement of Recommended Proctice (Ihe guidance. The next independent assessment of SORP-). the Comwnies Act 2006 ond the C￿)rItIeS complionce will be undertaken kiter in the current Act 2011. rinoncial year. odherirvj to the Peabc¥* Code of CtyKluct. vthi¢h is bosed cm) the NHF Code of CO￿4￿Cl. Qbjectivvs and principal ac*iviti The Charity is a community development organisation operating in Greater London and its Surrounding area5. It focu5e5 on sectOr-￿0d1n9 community progrommes which make o real difference to Peabody Trust's (°Peobodn residents and their communities. Peabody is committed to continued investrnent in community progrommes. Plans ure included wilhin the Peobody Group (the -Group") strotegy 2023-2026. The Strotegic Rewrt poges 2 to 41. which forms port of the Annuol Report. oullines the Chority's objectives, octivities ond olso covers performonce for the yeor ended 31 Morch 2023. In setting our objectives. ￿annIng our activities and rr¥)nitorirvJ our %rvices. Ihe Chorivs Board of Trustees {the-Boord') has given careful consideration lo the Charity Commission's general guidance on public benefit ond the Trustees can onlirrn that the Charity has met this criterion. During the yeor. the Peobody 8wrd on beholf of the Group was kept updated on. ond provided oversight and challenge in relation to. the Group's complionce with the Regulotor of Social Housing ('RSH' or 'the Regulator.) Regulatory Framework ('the Regulotory Framework.). including the Govemance and Finoncial Viobility Standard. The 8oard hos been briefed on requirements and guidance from the Chority Commission ond relevant charity low. The Peobody Boord ond Ihe Board take their re5pornsibilities under regulation and relevant good practiee guidance very serious and have token appropriote steps io help ensure compliance with the requirernents set out in the Regulatory Framework ond thority bw. Peabody ond irs svbsidiories a￿ committed to transparent ond tirne￿ communicotion with the RSH. Peobody is roted as A3 (stable outlook) by Mood¢s and A- (negutive outkM)k) by Stondord & Poor's {Glotx)I RoiirvJ). Roles of the Trustee Bourd ond Committees The Peabody BcM]rd has overall responsibility for Group strategy and monogement. During Ihe finoncial year ended 31 March 2023. there were nine Group committees.. Audit and Risk Committee. Communities Committee. Customer Experience Committee. Development Committee. Rryulatory Framework Finance and Treasury Committee. Nominotions ond Remuneration Commiifee. Thomesmead The Charity is a wholw owned subsidiary of Peabody. Committee. Core and Support Committee and Asset During the year to 31 March 2023, Peobody and Monogement Committee (established N¢)vember its principol subsidiaries {including the Chority) 2022). applied the prin¢iples and provisions of the Nalionol Housing Federation ('NHF') Code of Governonce for housing ossociotions (2020 edition), (the 'NHF Code,). Peobody has substontiolty complied with the requirements underlying Ihe principles bosed NHF Code. Peabody ha5 also met the principles of the NHF Code of Conduct (2022 edition) Ihrough Porticulors of the Trustees who served on the B￿rd during the yeor and subsequenliy ore set out on pages 42 & 43. The Trustees ore covered by the Group's directors. ond officers, indemnity insuronce policy. These Committees support the Peobody Board ond are accountable to and report to the Peabo Descripiions of the work of these Commtttees can be found in the Group Accounrs. PCF R•ptrt Accofftts 2022.23 47 Peobody hos deMon￿rated its commitment to good expressed its thonks to Deirdre for her leadership governance and robust arrangements proportionofe ond guidonce during her tenure. Boord member, to the Group's size and complexity tojether with o Helen Edwords. wos OPKK)inted os Chair of the Boord continued focus on improving compliance cultu￿. ond Communities Committee by Ihe Peabody Trust Further information in relotion to the govemonce Boord from September 2023. framework for the Group is set out in the Group Accounts. As port of the merger with Catawst Housing Lirnited, the Communities C¢Jmmiffee welcomed additionol The Peabody Board is occountoble for the system members Thelma Stober and Christine Tumer of risk monagement and the internal contr from the Cotawst Housing Limiled Board. and fromework in place for the Group and for reviewing resident member M¢Jfthew Martin from the Catalyst their effectiveness. Risk is monitored, monaged and Customer Experience Committee. Motthew Mortin mitigated in order to minimise. for example. the Subsequent￿ left Ihe Communilies Committee (on likelihood and impact of financial loss. compromised 24 November 2023) to join the Group Customer service delivery. damage to our reputation or Experien￿ Committee. noncompliance with law or ￿￿[all0n. The Group's approach is Ihat risk con ond should be token to achieve our business objectives. provided thot it IS justified and octivew managed. The Peabody Boord keeps the corporote slructure under review and will consider further changes to streamline the enlarged Group. white monoging risk. delivering quolity services to residents and oihers. and making su the Group has both The capacity ond copobiliry To deliver its vision. All members hove access to the advice ond services of the Chority's Secretary. New members undergo an induclion progromme to ensure they hove suff icient knowledge ond uThIerstaTh￿Ing of the (￿tiVItieS of the Charity, Peobody orKI the sedor within which we ¢¥erate. The progromme forms port of the ongoing development of toord members skills and leaming and includes.. Briefing session5 on governan￿. strategy. finance ond risk monogement. housing services ond community investment. Informolion ￿lating to current issues within the sector ond those 4)ecific fo the Charity and the Committee. Meeting individualty with the Choir of the Charity Meeting with key members of monogement. including Executive Director5 ond Heads of Services. othef W personnel. Troining opportunities such 05 attending NHF webinors ond industry briefings. A subscription to Inside Housing magazine. Provision of key governance document5 a5 port of on induction txjck comprising operoting regulations. incorporoTion documents. Peobody's Code of Conduct. tems of ￿fereTrce as well os Group strotegies ond policies rebevant to the specific role. Visibility of, and an opportunity to c¢Jmment on, Committee packs and meeting minutes. Board members sit on the Communiltes Committee (the "Committee"), which meets alongside the Board. The Committee exercises delegated authority as defined in the Group Govemonce Framework in re1otion to the followirKJ'. Provision of strotegic oversight of community inveslment and community development aclivilies within the Group whilst supporting Peabody's strotegic objective of helping people flourish by moking a positive difference to the communities we serve. Designing and devdoping the Communities and Peobody Community Foundotion Slrotegy in portnership wilh the Peobody Executive. pri¢y to recommendation to the Peabth Board. Scrutinise and oversee the delivery of the Community Investment Slralegy Monitoring the performonee of ihe Group's commurnity cctivities. including portnerships. direct imFQCt beneficiaries and on wider communities. Moking recommendotions to the Peobody Boord in relation to major proposals. MonitoriThJ inlernal controls and matters with New members olso porticipate in visits to build signifi¢onl impli¢otions for the beneficiorFes of the a deeper understanding of PeatK#* homes and Group s community work. services as well os community schemes ond initiotives ond meet Peabody colleagues and residents. Board Recruitment. Indurtion & Tmining The Chair, Deirdre Moss. completed her Service with the Boord in September 2023. The Boord 4• PcFAnr&￿s Feptyr¢r￿ kcc*JDt5 2022.23 Trustees. annual report continued Board Effettiveness - Self Assessm•nt The Board undertakes regular forrwl evaluation of Its own performance and ¢ompteted o skills wie at the end of 2022/23. Due to the merger between Peabody ond Catolyst ond the completion of the Peobody Board external governance review. the Board's 2022/23 self-ossessment was deferred, and a full assessment will be completed in 2023n4. (l) Peter Baffoe a￿0 served os o memter of the Peobody Board" the Customer Experience Committee: ond the Commitlee. The rernuneration shown in the toble represents his PeatKxJy Trusl 8crf)rd membership. (2) Hekn Eth4ards a150 served as o member of the PeotrxW Board: the Audit and Risk Committee: the Choir of Core ond Support Commitlee and Ihe Committee. The remunerotion shown in the tab￿ rewesents her role os Peobody Trust Board member and Choir of CO￿ ond Support Trustees'/DIreetor￿ Interests None of Ihe Trustees held ony beneficial Inte￿$t in the Charity. its parent undertaking or any of its fellow subsidicries during the yeor. except in the cose of the resident Trustees. Shreyo Hewett. Korimo (3) Deirdre Moss olso served as a mernber of the Mborok ond Kothorino Winbeck in their copocity Peotxxty Boord m@m￿r. Chair of Town and as residents of the parent undertoking. Their legal Country Cwntry Housing., the Thomesmead agreements with Peabody in re￿¢￿ to their Ivynes Commiltee: the NomirK3tK)ns and Remunerotion ore on the some terms ond conditions os those Committ& ond the CommiM*. The remunerotion of other equivalent residents. In their relationship shovm in the toble reF)resents her role os Peobody with Peabocty as tenants or shared ownership Trust Bojrd member and Choir of Town and leaseholders (os appropriate). they cannot employ Country Housing. their position os a board or committee mernber to their advantage. In October 2023 the Nominotion and Remunerotion Committee ogreed Kothorino Winbeck would continue her role os on independent memtser of the Boord ond Communilies Committee as she is no longer o Peobcxly resident. Some Trustees stt on other tx)ords ond committees in the Group, 0$ disclosed on pages 42 and 43. (4) Thdma Stober served as o member on the Cototyst Housing Limiied BcM]rd.' the T￿lMe5Me0d Committee and the Comrnittee. remuneration shown in the lable represenls her Cataw Housing Limited Board fr￿mbershIp. (5) Christine Tumer served os the Choir ol Rosebery Housing Associotion" o member of the Catalyst HousirKJ Limited: the Cusromer Experien Committee ond the Committee. The remunerotion shown in the tobse represents her ro￿ as CotaWst Housing Limited B￿jrd member and Choir of Rosebery Housing Association. R¢muneration of non-ue¢uliw C•mmunlties Committee Members The non*xecutive members of the Committee received remuneration in accordonce with the Peobody Boord and Committee Member Poy ond Expenses Policy. Full disclosure for eoch role as ot 31 Not all Committee members decided to occept March 2023 is provided in the toble below.. Fxiy ond non-executives mentioned in the table oly)ve were oll poid by Peobody Trust and receive rK) remunerotion from the Chority for serving os Irustees. Catherine O'Kelly eknted not to receive pcry as a C(xnmittee member. vel of Frt)y Peter Boffoe (l) 15.C The levels of pcwment per annum that the Committee members named obove are Wlly entitled to under the Rules of Peobcxty Trust and the Boord and Committee Poy ond Expenses Policy odopred by the Peabody Board in Moy 2022, with effect from l April 2022. 0￿ (per onnum) os follows". For Committee Chair / Principol £18,500 Peobody Subsidiary Chair For a Peobody Boord Member For a Committee Nember Hekn E¢Jword$ (2) I Shreyo Hekn*ft 185C ISMYJ l the y•ar 171 (491 Net m•¥•m•nts in funds 75¢+ (416) 5.127 Fund b)lontrs tr￿0￿hr for%￿r￿ Tronsfers be￿￿n funds 910 28,84 {B) Fund I￿l￿ne*S ￿rried fonrfoyd 416 34325 54975 The oeeomponyirKJ noks fomi of these finontial sta1*r￿ All omounts arede¥ived from toniinuing ￿1¥1$1¢$. There were no recognised goins ONJ bsses Olher tknn those sitjied Ob￿￿. No eorpcYoti¢)n tox wYJs pwt4e ty the CIwJrity erKled 51 Motth 2025 (2022 £nil}. CF Amual Rewr￿￿ kcuJnt5 2022.25 Statement of financial position For the year ended 31 March 2023 NO￿￿￿rIen1 q55ets Ton91b￿ ffftd oss￿$ Oebto¥s ¢Jue Th)ret￿￿ cfft year 14221 13,079 io 18.752 JW41 Current a88•ts Debtors 910 Cosh ond cash equNolents 2.462 6•01 5.457 6.367 Creditors amounts falling du• #n• year 12 13,960) Net current ¢Msets 1407 Totol ossets less rurrent li(knlitie5 34.238 Defined ber*fft pensth scheme (2C4} {2651 Nèt ¢issÈts 33.975 Funds Resrricled fund5 4161 910 Unre51rirted fur*Js 13 53.065 Tottsl funds 55.975 The octtfftiparyirrtj notes forrn wrtof thE5e firwKiol ThesefiThJnc¢ol starerrenls Op￿￿ BcKird of To￿tee5 6 Oecembv 2023ond svwe(l on its beholf by. Heltn Edwtyds c￿1r PCF Any￿1 Aepytraro A¢¢￿￿*$ ZQ21.25 57 Notes to the financial statements Legal stthus Peabody Ctsmrnunity F(xJthlicffj fthe Chariv) is ts regist￿ryI chority and o compoThy limited by guoron*e. In the e¥enT of the Chority beir¥J wound up. liobility in respect ol the 9wronree is limiied to £1 permember of Ihe thjrity. The PeobcAYy Ccmmunity FoLwvJolion's Bourd, after reviewifva ihe C￿rI￿$ b￿et$ for 2023124 ond Ihe Group's medsum rerrn fIr￿rK￿l Frt)siTion os detow in the ￿Year1￿￿￿e$S plon. ore of the qynilx tIKrt. tokiThJ dec&￿1 of s*ere plousible I￿sI¢jes, os trnfknionond inieresi rots rises ond re￿￿Ing keWer'5 hwsehoky Ir￿OrneS. the FoundaiK)n will htNe suffici￿1 funds to m*t tis liotslities os IW foll due foro period of 12 mnihs Ihe dore of opprovol of the linonc statem2ntiThe trustees the¥efore c¢xthnL* to odcpt the wng corKern t¢)SiS in FKeporirKJ The onnwl flrvj￿al S￿n￿nI l A¢counlin9 policies 11 Basis ol preparalion These financial statement5 have b2en FYepJr2d in accordance Wllh UK Generolty Acceoed AcC￿JnI1ffj Prncii￿. comwis Fironciol Reporting Stondord 102- The FirorKd RetAylirrfJ sioNJord applicab￿ in The Unired Kingd￿￿ oThJ RewLIK of I￿rand I'FRS 102'}ond Ihe Sloternwr ol ReCtrTrrn1￿ Prociice 'A¢counling arKI Rewrtirwj tychorities. as rev(sed in 2019 SORP'I, iogeiherwth The rewriryJ requlran￿ts of Ihe Companies Act 2000, the Charities Act 2011. It also req￿re5 Group monogement ioexwcisejudgement in ops*iNJ the Grwp'5 occountiry 14 Cq5h ond ¢ The CIKJrity is a mEmber of the PeabodyTntsYs VAT Group. The group is pjrriolty exwwi in rebtion to VAT, ond occordingtycon rEcv*Y Ircffi HM Revenue& Cu5torTlS FXJrt of the VAT inturred on exFeThJilure. The Slot￿￿7 of fIr￿r￿101 position inthdes VAT te£v￿l￿Ond puy0b￿ffi theyeor end. The Chtsriry include5 irrecoveroblè VAT in The Slotemeni of f￿10n￿OI OUNilles. The Chortylsa put4ic benefft entrty. The finorKiol Syoiemenis a￿ p￿enIed In ￿e￿I￿j (£1 Tre Choritys ultimate parent undertokwvj. the Peotrfxty Tnjsi. irKludes the Chority in its C¢￿$¢11d0ted finorcid Stol￿entS. Finoncial stotetnent5 of Pea￿￿Y Tru*are tsvtsiknt￿e fTom tt Secretory ot 45 Wesrminsiw Bridge Rcrtjd. SEI 7J Charity is exerrpttrryn inc¢Yne ond ¢typorthb)n tox ty the *￿eThI tlKrt Trs ir*omeoThJ g)ins Oreopk￿iC0Èle for thoriiob In these fin0￿101 stcitlments, tr* Cornkx¥y is o ¢wolifwTr3 enrity pwpOS￿ onty. ond hus trpplied the folkw4￿￿ exernptions ¢JVg1kn￿e urKIEr FRS 102. Ihal require 17 WindTng up or di5501ulion of I1￿ chtsrity If Wrt¢JirKJ up or dis501ulion of the chtsrity there ￿m0•￿ arsy assets. after saiisfaclion of oll debts and l￿bilItIes, the a5set5 represented Lry occumuhjied tund ￿￿11 be tronsferred io othtrthriiable W or bDd￿S 5irniknr objects lo Ihe Chority. . o statemeni of cosh and rehjred notes. oTrY,' . key mon¢J9ement F*rsonnel compens0h￿S discbswe The plnclFoI occountirKJ pdlcles oth)PtsJ in The F¥epor￿lon of these fironciol stotements we serovt in the relwni notes io rhese fiThJrtiol statements. AccountMWJ pcdities not swificohlf onributed io a no* a￿ sei tyJT beky*. Incoming resources wKoming resources ore accounted far in the Stotementof Fin￿101 Activiries ISOFAI the Chority is *golty entitkd to the and the orrwnt con b2 quanlified with retssonutrAe Z2 Judg*m•ols in opptying o¢Muntin9 Wi¢ie and key s?urtè$ of •Slimation and unr•rtointy In preporin9 these fironciol stotemen15. n)embers of PeobLty Commurxty Founckrtion h(we mode the kty jL*Ygemenis receivab￿ ix75i5. In occucbrKe with the Clkiritie5 SQRP 2019. grants received in (yjvance ¢j￿ by the dop)or os rdoling io specific COUnTirrfJ oralterrKJTivdy which are 5ubj2cI to . Tongible Ilxed assws (Ye deprec*iled iWr eco- c¢)ndrtions which 0￿ Still to be mei. ond which ore outside the mornit lives. The och￿1 live5 of 0s5et5 ond re5idud values dre C￿tr￿ of the Chority or where it is unllertain ¥¥hether lh¢ ossessed period¢olly ond mf4 vory ¢JeFwxJing ￿ o nurthr cry￿rtionS ￿ orwll ￿ n*1, a￿ delelred ￿ on ctuuol bosis ro of factors. such as technokngical innovotion. produrt life rydes Ihe Feritsj io which IW rekite. SLKh deferraLs are 5h(Mn in the on¢J rTh)intemnce wogmmmes. ftesiduol votsJe ossessments ntstes to actounis ¢￿dThe sums ore shown as onsider issue5 Such os f￿u￿ rnorkei corOitirffis. the rerwiw4 Cre￿I¢￿S in fvoco>Jnt¥ life ihe ossei orwy projetted disptssol volue . The valuotion of defined benefit pension s¢twn￿ hos b corried out byquolified octuories b(Ised ossumpiw. While key ossumptions used in the vttlutititsns a￿ bttsed up)n ￿￿1$hed inforn01￿, Ihwe is o de￿ee ofjud¥r￿1 invow in seletti￿ nK)sropmiuie f1rKrtK￿ for eoch scheme. Revenue grant Gr(￿ts ir￿￿. there rekted to ￿rI¢)M￿nCe ond sFwfic ddiverotAe5. Isaceoimied foros The Charity eoms the rwjtrtfv ￿sId￿all¢￿ by its ￿rr￿nCe. Wlvp irKJs durir#J whKh 5erwce5 ore rendered tyempk4ee PCF AfjwrtqnaAttDunts2022-23 61 Notes to the financial statements continued Employe¢ inforn)ati•n continued Terminolion beftefrts TerrnirvJlion benefits ￿￿ rvcagni5ed os on expense ch￿rtY is demcfftsiroty ccrfnrnlffed.￿1￿OU1 realistic possibility of wil￿￿r0*01. TO o fcmKJl ¢Jer01￿ pk)n io either terrnin¢rte empbyment before the nurrrnl retiremenrdote. orto provide Terrnirntir￿ ￿rIt$ os o resutr of ￿ offw mode io ￿0￿r￿Je vckniory redurthnry. TerMir￿li0rt benefits for volunttsry red￿d￿ne￿$ tre rettyjnised oson exwse If the Chority hos rrode on offerof voluntory redUnd￿cY Ihe cost con be esiimoied. If benefits tre pwble Ihon 12 n￿nffi$ after the reponin9 dore. Ihery they ore di5counred to t￿￿1r present voK*. Th• a¥erag• numb•r •1 •mploye•s duriTrJ th• ywr as follty* chari1rkn￿ octivities 86 Morvjgwnenr, admin1#roii￿ ond supwy servKes 90 ZUZZ Employee ¢0st%' Woges Soctal securiry cosrs Pension w5ts 3.706 3.245 545 157 Olher ￿p￿Vee c051S 14 44 3.791 The Charirfs staff ore ernt&yed under Peoboty Grcwp ccffjrm and sdcrycosis fecknr9ed underon intra 9Youp seN¢è ￿l￿reeMent. The nurnbprs ofempbyees who (excknyry pens￿ conlrit*JlI￿5I in excess ol £OO,OC#) pw annum are stated bektr in ￿￿th￿3$ of £lO,CW. X021 Emolurnents ol higher paid staff within the folkn¥ing scales wu £60.001- £70.OCKI £70.001- £80.0(xI £80,001- £90,000 £90.001- £100.000 £140,001- £150,000 The eomings fcK the Charivs W mork>JLYrent pUs0n￿ (irKknliThJ the ExwJtTh* Direciiy) for the were £385k (2022.. £279k). with pensth ctsntribjlions of £14k{2022" £4k). benefrts in kiTrJ tota*.￿ e& (X122. £nill. 62 PCF Amud R•wrt A¢wi$2022-23 Trustees. remuneration and expenses Durin9 the lost firKinciol year. non-execurwe mernbers of the C¢ynmwwtie5CorTThittee rEcwved rErnur*rot from Peobody Trttst. The GfftrrAi1￿* S￿l0Th ofthe frusiees. Anrn￿l ReFwT (Remuneroii of non-execuiive CcThmunifies Cc¥nmiiTree Members) disdoses iotsm￿l￿ the fifrt)nwl yeor 2022123. During Ihe year Trusrees cljimed exwse5 £40 fLY tra￿, subsisierte ¢JwJ 1rtiden￿l eXFenS￿ in fv yeor(2022 £NII During ihe yearihe C￿rity PXJK1 £28I1202t £258) forTru5Fets' irthrmtty inyJrortethr4 yecys Office equiF*neni Freehokj knnd {¥￿ I￿4￿1r@S Leosehold tond and bJikliThJ$ 5-IOy*Ys knse term Dewec1ot￿n is t￿r9ed The osEet5 from thv of Pur￿￿￿2 LmtA th2month of di¥)osd. Expected useful lives (xe periodic01￿ toenxjre they are still arvoprkile.and benthrThwkirvJ is wrried our with other housing ossoch?iicns to ￿SUre Iw ¢Jre in line %vilh gxd wxr1￿. Assers which ore eConarnKaI￿ viable are written d¢￿. Freehok* lond ond buildirrtjs represent wcpwties o¢q￿re￿ from Thorre5rneod on its der￿ger in April 2(MX). The osseis were 5ub5equentytronsfer￿ to Tntst Th￿e￿ from sub5idiw durirg 2009 01 thèir nei book volue. The Trusiees hove odooed of ffftI￿J bal￿￿¥*￿tt0$t ￿$$ ocomthied dewe£￿1￿ tsrKI tsny accumulated impoirrrenr losses under FRS 102. T• Co At l Ayil 2022 15.562 15.926 11.¢68 Adthlions 136 317 453 4.258 , At 31 mll￿h 2023 15,699 16.579 15,926 D*pre¢larfon At l April 2022 173* 2.847 2.541 C￿)rge for Ihe yeor 311 306 l At 31 Marth 2023 017 141 Nel Book Value l Al 51 March 2025 Al 31 March 2022 13921 13,079 12,823 256 13.079 9,127 All 05seis ore held for choritoble purFX)*$. The Lt)ttery Fund hokls o thorge over Horrtrrt Mornrwoy fw £5 ff411￿. The Fooiboll FoJn¢*Jfion h05 0 cttorge f¢r £lm 4>•V Th(¥￿n￿ FoM)ttrAII PCFAnnuyl Meportgn¢lA¢¢•Unts 2Q22.25 65 Notes to the financial statements continued 10. Debtors due in more Ihan one year Deferred ￿51dVotion 14,713 15.252 Lcon io porent comFQThV 3.500 18.752 Tht deferred con5i¢Yeraticm ￿75 Qrisen w the of the Fixed Asser invtsrnt in Tiwen Lond LinNtsd. wh*ch Mx25 sold to the Chority's Kwjrent cc¥npJny. P&]WTruth on I WI 2014. The defettèYoJnswJeral￿￿ 15 poyable in quortaty Instolments over SO yeors. The monie5 kaned ro the pamtccffipry hove t*i irwested in ￿ iniere5r bearry rotice thechorirrfs behalf. 11. Debtors due in less than one year Current ¢Jebr￿$ ore rneosu￿d OT ir0nsau1￿ tfftee knorry inNyJimieni. A prtr4Jsicrt bjd debt oTrses Wh￿ Ihe ¢Jebrcf I￿￿nCe is g) dtys or￿e￿er. The initiol is o chorge t>Joinsi Ihe 5taternMtof fimogl vdMiie5 but 15 kn (￿led too x**ewt Th?debtCff5 fwe in fv 5tgFerTWt of finonciol wsihon is odpJsred 10 be presenied'n& tsl rt* FW4iSiC¥)'. Any increose or¢Jecrease In the provisth in o subsequent perid 15 debited credited lo the sioiemwi of fr￿Jr(￿l Qui￿￿. Thewtite off of o specific tthilebt is mode in occordonce wlh the Grc¥Jp Fin0￿01 Reg￿rILy￿. Amounts due within Trode debTors 49 Amounis owed by other Grr¥Jp ry*mbers 1.559 PrerAiyments and accnjed incarne 18 ot￿r*jeb1Ors 559 Deferred consideraiic 482 910 Arrnunts owed frcyn other wup mvnbersore iroding terKw)ble on dwr¥¥KI und nofvinierw bwrirvj. Deferred considerorion relotes to the of inves7n￿lS in Tilfw LoTrY Lirni1ed io the Chority's wreni cornwny Peobody Trusrcffl l April 201& sdewc￿edS a￿ 30 PwtttyTrLtsthtss inTrrtsied mC￿leS in on kiierest be(Yin9 (K￿nt on beholf ol Ihe Chority. 11 Creditors: amounts falling due within one year Trade ond othercredirors ore recognised inili¢YWatic￿ ol ¢>Jorc￿1eed Minimum Pensh)ns {'GMP'I berween g*yJeis. This consequenty been ossessed oy)inst the Group's ¢Jefined terefit schemes. The impoth of GMP Eqwlisotion in respect ol LPFAorKI CARE recoJThised In the 2019120 yeor. l)n 23 Morch 2021. Ihe Gtsvernmeni pu￿1$h￿￿ the thJttomÈ tts its GLKYonteed MininyJm Indexglion consutrtttiLvx coJx*JdipYJ thoi ol wblic service Pensi￿ schemes. indudiThJ LGPS. wil tedirecftd ro full irwknlK*) io memtr*rs wilh a GMP reathing SroTe Pension Age (SPAI beyond 5 Akxil 20ZI. This 15 o pw1Th)r￿feXItyISi￿ of the exi5rirMJ'intwrn x&rtion' ￿75 oWied to members with o GMP reoehing SPA on w (rfier 6 April 2016. The VaIwti<￿ o5SUrnPtim f¢y GMP 15 thotthe FWKI wll ptylimrted wKre05e5 lor membv5tlth reached SPA by6 AVA 2016. wilh The Govemment widing the remoiThJer of the infotK)Th)ry Irthase. Ftsr mEmbers thtst reach SPA ofter ihis dole, we ossumed Ihot the Fwd will be required fv F111he5 (x the tosi ot the sc LPFA- Pension scheme osset CARE. Pension stheme liobiliry 263 Th• Lond•n Pen$ions Fund Authoriry SorrÉ former empbyees of the c￿l￿ry who ore fcffi¥enW4ee5 01 Tcwn p)rhciwe in LPFA pen￿on Fund, pcyt of the Local Govemrnent Pension kne. Tr fund is adrrunistertd in ￿c(￿rre￿ilh ￿ Locol Gwnrrwt Pwyons Stherne Reguknlions 1997. os omended. These figures are pwred in attortltrtewith 4￿r ur#lev￿1r4 of Fir￿K¥JI ReF*ylirwJ StarKJryd 102(FRS102). The esiirmied os5e7 akniicfi for the Scheme05 th 51 Mcth 1$ 05 fcknts. zi Equiyies L123 1.071 Target retum Portfol Infra5trucfure 405 242 192 Propety 169 Cash 45 &?io 1.892 PCFAnThJd RewondAcoiunis 2022-25 67 Notes to the financial statements continued 15. Pension commitments continued The demographic ossumpiions ore consisieni Ihose uwj for the forn￿1 fuThJirwJ w)luation os ot 31 March 202 The post-Wiren*nt mortoliry iobk5 odopted ￿Ere tK75ed cffj OL*J The assumed life exF￿￿li0￿S are Retiring t(K*ry- mts Reiirin9 rothJy- femde RetiriThJ in 20 yeors- mole Reiiring in 20 yeors- femo 873 87.1 87.1 The mojor os5umptiMs used by the aCT¢JOry￿ Ihe l￿bil￿e$ of the scheme 0131 March uThYef FRS 102 are.. CPI increose5 5.20% Solary increoses. 4.20% sion increuses 5.20% Dis￿￿ rote 2.70% ' The c￿)rity ￿)$ M emF4oyees vhKS ryeodive mvnbws within Itms them* ThÈ*5tirnryied dUrErt￿ of the Ernthv05 01 ts CKcfAmliry dulq ￿1r￿a 15 The significoni fin￿001 asSumffj￿ns used ore discount ￿e. CPI arvj pensth increoses. The derrwrophic ossumptions tye ¢ons1sMt￿th wed forthe mostre￿I￿nd v￿￿r￿n which knrsconied out os ot 31 Septernber 2022. The p)st￿lifÈ￿1￿en1 iot4es I￿re￿ ore the $5NxA lotAe5. These bose totrles a￿ then projecred using CMI 2019 rnodd. aif(P•rirvJ for (7 kMvJ.twm ￿rte01 imF¥oV￿*nt of 1.25% per onnL¥n, slon¢Yord 5rn00thiry paromeier of7n oTrJ on ir4ti01 Odditi￿ F￿*￿r01 0.0% pwornu Stotemwt of FiTrJrKiol Position os ot 51 Morth. Nei LPFA pensB)n p)shion 0$ ot JI Marth 22 Preseni vdue ol the defir￿d benefit obli9atiorbS Fairvolve ol Fund a5se15 Ibwj v(kn) 1.lgj 1.512 (l￿0) (1,882) Resiricth)n to reiw extent of sUr￿uS rectr4eratr Ne* LPFAdefined benefii Fensth osset/oUiwtion 370 A restriction hos been modew1n￿ ihe SUrp￿￿S LPFA Pen*￿ S¢￿ yeor 05. Whil￿ on exitcredil (or debri rrw be reCWTr￿ (w ￿ld) under LGPS reguSotKXb5. the ex￿1 C¥llOL*It which rrrtJy be reCover0￿e in thethent of o tenymntshth) evert to The scheme is thJeIemiThjb￿. TheorTmMS recognised in the Stoternent of Finrwl Achvthes Nei inte￿$t￿n the defined ossets <10) iio) Arkninistrothx exKenses Acruorial loss- irthJdirKJ reslrrlion O￿l￿st ret swJus 75 To*ol LPFA{yofit) / bss 67 è• PCFAnnwl RewtC•bJ P / bss EmF4oyer's conlrit¥Jlions 154) Car••r Av•rn9• Revalu•d Eorning5 P•nsion Scheme The Charity olso ponKiwied In The Coreer Averoje Revolued EcvnTr¥lCARE) Pensw Scherne Ithe'SchemÈ'). which 15 0 funded mulli-emF*Jyer defined benefil Scheme. Thi5 schern2wJ5 ckxed io enmints on 30 June 2015. Al Choritys￿ff weretrOn5fet￿d to the Pecbody (>oup Personol Pension schem& The rnoiTh bwefits prowded ty the Scheme o . A pension ofone.eigMieih oflhe member's CARE for e￿Ye￿Il)￿l of FensKmoble service if oThtrarted-wt tsf the stote scheme. . A pension ofone.hundrethh tsf the Mem￿.$ CARE y￿e0th yeor ((¥¥J rTwJThtt￿ wponK¥itstetyl of ￿er￿lc￿b1e service if oThtrocted-in to Ihe sroie scheme. heme. Therefixe. it acco￿1$ for solwnvos ts defin￿1 $dw￿. The scherne is subieu ro the fur*YiTrJ legisloiion ¢xnlined in The Pensify7s ACT 2004 %thich c(¥ne inTO f¢yce cn 30 Decernbw 2CKJS This, iogeiher wnh dr￿Uments issued bylhe PenS1th￿ RegthlC¥ ond TethnKo1 ACh￿rI01 Sl(¥KPJ￿S ISS￿ ty the Finoncid Reporting Cwncil. set out the frorrÈ￿rk fc¢ fundiryJ defir*d t¢￿riT rKcuwtiC¥KI Fe￿On sthemes in the UK. The Icte5t full octuorid voluoti￿ for the schemewos curled ¢)Jl QI 30 SepterTthr 2019. This valua￿￿ thowed assers of £79.0m, liobililies of £93.9m oTrY o deficit of £14.qrTh To dirni￿te this fLYKliw shorrfoll, Ihe Tru51ee oske£l the wrtvputing emKloyers to pjy odditronol con1rit¥JtiL￿S fo the schemeos fdkA¥&" PCF•￿nUpl RepDrtundAccowts 20zZ.￿ O• Notes to the financial statements continued IS. Pension ¢ommitments continued Deficit ¢ontribulions From l April 2021 to 30 Nowntrer 2027.. £1.530.000 pergnn IPoyoEJemQnth￿ irKreasir#J ty&O% th yeoron 1stAw￿) In oddirion ro deficit fuThJirKJ contrit¥Jlion, contrit￿)1￿$ore 0150 required to be mode in re$F￿ of tf* exF•ise5 ol running ol the Scheme. Frorn l April X)22 the contritxrtvJn to the Scheme is £179.CXJO per annurn {2022'. £175.800 peronnum} irtreosing l Juty eoch yeor by 3% is require fc* s￿￿Me odminisiroihyi expense The Charity's share of these Scherne eynses 4$ £4.560 per ar￿uM (20Z2 £4.4501 pjyotrje in M￿th￿ instakrnit5. Employer Debt on ￿¢thdraWal The scheme is dos51fied as o'knst rnan sioThJiNJ orrtrwMf. Thwefore. the Cknty is poieniidty lioble f￿01 participating empbyers, otdi9JTions if Ih05e ￿n￿(ryerS ore unabfe to n￿et1P￿r thjre of the scheme defiot fdbwi withdrawal from ihe scheme. Pc¥licipat¥vJ eTnpkryer5 (rt r￿lUired to meet th&r shts￿ of 1he Scheme def￿11 The ar￿￿tOf ernFWr debt on wil￿Jr0¥11il hos1051 Cr￿￿&￿ed 05 £1.451.641 ￿ XS SÉpremter 2018. The emptyr debl figures cakukned on the sdvery- or buy L%rt- funding ixfys. Poteniiol erwltyerdebt is IrEated o¥ a con1ry￿1 IKJbility. Rernnciliotion of t¥ening and ck)sing of the k¥esenl volue of the defified bÈnefil obligai Provision ot start of peri<)d £￿￿0 1.610 UrwirKling ofthe discours11￿￿on1we5re¥w￿) DeficiT contribuiion paKI (53) RemeaSU￿rn￿t. impju of orydkyy in ossurnptirfft5 Remeasurewr. amendmemsiolhe ￿￿Tri￿J71On $C￿lIe (12) (12) Provision ￿ end ol perityl 1.512 An￿J￿r5 rwni5ed in the StoteM￿lI0f Finnciol kliwties 20 20 Infe￿$r expense Rernea5urement- irnpau of any chory in gssumptK>n5 Remeosurer*nl- amendN*nis tothe ¢£￿￿bu1￿7 schedu 112) T•lol profft (o) {81 ASSLwnplions 20 Rate of discount 5.18 | 155 The discount rotes Sho*￿ Ot¢)we tye the eouM)knr yrrfJlE cliscolmt roles which, used to di5C4wntthe future ￿£0¥ery plon ￿￿Trik￿liOnS due. knrjukl give the same re¥Jhsts5 using o AA twoie yield curve to discount The reccvery F4)n ccffitriburion> 16. 70 PCF ArrLvrA Rpwrtond x22-23 16. Contingent liability During 2021.22 the Chority received gronts totomiry U7rnfrwb P*tKN*Trusr ond £l.Om frcm itte Greoier LO￿￿on Authority. for renovating Moortng5 S¢)tKJI Club. Ch￿tty hos o lulure oblwion ￿￿eturn swn5. to rwpectNe 9r¢Jnlee5 ori dlsposdof prwrty. ThetimlThJ ol fu￿re￿•SpO$01 is ur(enoin. CIKrityl￿5 not o FYtsViSiOA for reiurn of grani5 in these liThJnciol stolements. 17. Ultimate parent undertaking The CcKnpJry's vtrirrote porent undertokiro is Pe0tr*)tyTn￿l. This is the entpty ￿ Ihe Grcw) th]r Con5didoted Fir￿￿1￿1 Slatements. Peobts*Tntsi Isa choriMtleConYThJnity Benefrt Scoety fC¥rn￿ the Community ￿er11 SOc￿rIes AU 2014. Consdh8oied fir&JrKiol Yatwnent501 Peaw Tru5t¢Jre ov¢iknUe from the Comwnv Secretorygt 45 Westminster Bridge R* 51all dirTthtrthÈChurify. pe0t￿￿JY provided no further r*futhShr￿fi1 gronis in The yeor in io the Mc¥yiThJS Sc*iol aub 12022.. £1727k). At the yegr*nd £l.559k wtts PCF Inoie 111 At the Frni￿s eThJ £10￿ tty PCF to the Peobr*ty Trust (noie 121. PeO￿dY poi¢J ihe Chority £i,561k (202Z' £1.285k)05 the yeor 9 POVTr￿t respettof the sde of Tilfen Lttnd Lld. £55qk12022' £482kl wo5 cPK3fged (v4oirbsI the defetted consi￿￿ debtor(noie IlJt•Ath £879k (2021. £857k) t)eing recognised os inieresi irtie 51. P¢F A￿1￿11*e￿I t￿d Att•thii$2022.25 71