The Peak Centre Trust Charlty No. 2851 Trustees. Report and Unèudlted Accounts 31 Marth 2025
The Peak Centre Trust Contents Pages Trustees, Annual Report Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the Accounts Detailed Statement of Flnancial Artivities 16 Page I
The Peak Centre Trust Trustees Annual Report Trading as Liphook Day Centre. The trustees present their report with the unaudited finantial statements of the charity for the year ended 31 March 2025. REFERENCE AND ADMINlSfRATIVE DETAILS Charlty No. 285001 Principal Offlce The Peak Centre Midhurst Rd Liphook Hampshire GU30 7TN Trustee5 The following trustees served during the year: J.M. Buckett A. Hall J. Hllder J. Kirby S. Knight R. Knox D. Lush L. Morton P. Murdoch (Resigned 23 July 20251 (Resigned 29 July 20251 IResi8ned 23 July 20251 IResi8ned 23 July 20251 Key Management Personnel Chair Secretary Treasurer Rlchard Knox lappolnted 23107120251 Pauline Murdoch Jan Buckett Accountants JMB Accountin8 Ltd 10 London Road Liphook Hampshire GU30 7AN Bankers Lloyd5 Bank PLC Investment Advi50r5 COIF Account PO Box 12892 Dunmow Essex CM6 9DL Page 2
The Peak Centre Trust Trustees Annual Report OBJEcfivES AND AcfiviTIES The charlty operates to provide SeiCe5 which help to reduce loneliness and encourage social interaction for the elderly resSdents of the Parish of Bramshott and Liphook and wider environs. Liphook Day Centre operates 3 days a week, SO weeks of the year providing a safe environment. nutritious meals and a wide variety of activities. Free transport to and from the Day Centre is available to those who requlre It utilising a specially adapted minibus which is provided and fully funded by Age Concern Liphook (Registered Charity No.9000651, a benefit worth some £2,800 a year. The average number of clients fluctuates around an average of 45 clients per week. The actSvitie5 are many and varied, colourin8, arts & crafts, board games, music sesslons and singin8, quizzes, chair aerobics, gardening in raised beds and pots, pat do8 Visits. all designed to increase the engagement of our cllents and improve their mental and physlcal wellbeing. The breakfast club was introduced this year and has proved to be very popular with clients and other groups in the vlllage and Is generating much needed funds. We are grateful to our chef for this initiative. The charity operate5 from the Liphook Day Centre which is conveniently sltuated in the centre of Llphook alongside the public car park. The building is on a 10 year lease with 3% years left. When not belnB used by the Day Centre the prem15es are hired out to several local organisations, bridge clubs, Knit & natter, Friendshlp Friday Lunch Club, Seniors on the Go, all of which have similar objectives. The centre is also available for hire for other events, AGM'5, partles, receptions, wakes etc. FINANCIAL REVIEW The fees charged for clients to attend the Day cent do not meet the runnin8 COSt5 $0 we are dependent on fundralslng, donatlons, leg8cles and grants to maintain the servi5 we provide. We are very fortunate that we recelve many small donations of cash and saleable produrt5 for our pop.up shop from local residents and businesses, for which we are extremely grateful. We run many small fundraising events in the Day centre on a regular basis. Both the Parish and District Counclls have supported us with si2eable grants for speclfic capital projects which have improved our fatilities. This year we have also received 2 le8acies which have made a tremendous contributlon towards our running costs and allowed us to provide additional benefits and seNices to our clients. RESERVES During the year a designated fund has been estsblished as a nt guarantee. This is held within the COIF funds at £36,157 at 3110312025. Under this agreement, the Tenant IThe Peak Centre Trust) covenants with the Landlord (The Parish Councill that the Tenant shall during the term of this Lease apply the balance of the sum as above to the credit against liabilities under the lease and for no other purpose without the written consent of the Landlord which will not be unreasonably withheld. Page 3
The Peak Centre Trust Trustees Annual Report STRUCTURE. GOVERNANCE AND MANAGEMENT The board of Trustees has remained stable over many years. a vacancy was filled by the election of Sue Knight and Richard Knox was welcomed as the representative Trustee from Age Concern Liphook at the beginning of the year. The Trustees form the management commtttee in accordance with the Trust Deed. The operations committee oversee the day to day organisation and running of the Day Centre, the committee comprise5, Chair of the Trust. Centre Manager, Centre Chef. Volunteer representative, fund raising manager & secretary together with COpted members as required. The legal and formal responsibility for The Peak Centre falls to the management committee which consist5 of the trustees. The appointment5 of our new Day Centre Manager and highly experienced Chef have worked out brilliantly resulting in a warm and inviting atmosphere together with nutritious home cooked food on a lower budget than last year. We continue to have the Invaluable support of about 20 volunteers in the Day Centre and 4 volunteer drivers. It would not be possible to provide the seNice wfthout them, but they also run our'pop-up. shop selling fresh e88s, honey, cakes, books. jig-saws. raisin8 much needed fvnds. Stalement of tru5tees' responslbllltles In Telation to the financial statements The charity trustees are responsible for preparing a trustees, annual report and financial statements in accordance with applicable law and Unlted Kingdom Accounting Standards (United Kln8dom Generally Accepted Ac¢ountin8 Practice). The trustees are responsible for keepin8 proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reportsl Regulations, and the provisions of the Trust deed. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detertion of fraud and other irregularities. Signed on behalf of the charlty's trustee5 JthOK R. Knox Chair & Trustee 10 October 2025 Page 4
The Peak Centre Trust Independent Examiners Report Independent Examiner's Report to the trustees of The Peak Centre Trust I report to the trustees on my examination of the financial statements of The Peak Centre Trust for the year ended 31 March 2025. Responslbilltles and basis of report As the charÈty's trustees you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Att 20111'the Ad'l. I report in re5ped of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 1451511bl of the Act. Independent examlnees statement I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination gwing me cause to believe that in any material respert: • the accounting records were not kept in respect of the charity as required by sertion 130 of the Art,. or the financial statements do not accord with those records,. or • the financial statements do not comply with the applicable requirements concerning the form and content of financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements gwe a'true and fair, view which Is not a matter considered as part of an Independent examination. I have no concerns and have come across no other matters In connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial Statement5 to be reached. Catherine Hawes JMB Accounting Ltd 10 London Road Liphook Hampshire GU30 7AN 10 October 2025 Page 5
The Peak Centre Trurt Statement of Financial Activities for the year ended 31 March 2025 Unrestricted funds Restricted funds Total funds Total funds 2025 2025 2024 2025 Notes Income and endowments from: Donations and legacies Charitable activities Other trading activities Investments Other 33.851 32,420 5,702 1.877 8,335 33,851 32,420 9,258 1,877 8,335 30,385 42,848 4,631 2,293 8,334 3.556 Total 82.185 3.556 85,741 88,491 Expendlture on: Other 80.497 80,497 80,709 Total 80.497 80,497 80,709 Net gains on investments Net Income 3,556 5,244 7,782 Transfers between funds Net Income before other galnslllossesl 1,688 3,556 5,244 7,782 Other galns and losses Net movement In funds 1,688 3,556 5,244 7,782 Reconclllation ol funds: Total funds brought forward 88,657 88,657 80,875 Totsl funds carried forward 90,345 3,5S6 93,901 88,657 PaEe 6
The Peak Centre Trust Balance Sheet at 31 March 2025 Charity No. 285001 2025 2024 Fixed assets Tangible assets li 3,012 3,012 4,016 4,016 Current assets Debtors Cash at bank and in hand 12 2.629 92.783 95,412 14,5231 90,889 4,182 88,623 92,805 18,1641 84,641 Credltors: Amount falling due within one year Net current assets 13 Total assets less current Ilablllties 93,901 88,657 Net assets excludlng pension asset or liablllty 93,901 88,657 Tolal net •ssets 93,901 88,657 The funds of the £harlty Restrlrted funds Restricted income fund5 14 3,556 3,556 Unrestrlcted funds General funds Designated funds 14 55,178 35,167 88,657 90,345 88,657 Reserves 14 Total funds 93,901 88,657 Approved by the trustees on 10 October 2025 And 5iBned on their behalf by: R. Knox J Buckett Chair & Trustee 10 October 2025 Treasurer & Trustee 10 Ottober 2025 Page 7
The Peak Centre Trust Notes to the Accounts for the year ended 31 March 2025 Accounting policies Basls of preparation The financial statements have been prepared in accordance with Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance wrth the Financial Reporting Standard applicable in the UK and Republic if Ireland If RS 1021 issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom an(1 Republic of Ireland IFRS 1021 and the Charities Att 2011. Change In basis of a¢¢ountlng or to previous attounts There has been no chan8e to the accounting polities (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years. Fund accounting Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity. These are unrestricted funds earmarked by the trustees for particular purposes. These are unrestricted funds which include a revaluatlon reserve representing the restatement of investment assets at thelr market values. These are available for use subject to restrictions imposed by the donor or throu8h tenns of an appeal. Designated funds Revaluation funds Restricted funds Income Reco8nition of Income Income Is included in the Statement of Finantial Activitles ISOFAI when the charity becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufflclent reliability. Where income has related expenditure the Income and related expenditure is reported 8ro55 in the SOFA. Income with related expenditure Donations and le8acies Voluntary income received by way of grants. donations and 8ifts is included in the the SOFA when CeIVable and onty when the Charity has unconditional entitlement to the income. Tax reclaims on donatSons Income from tax reclaims is included in the SOFA at the same time as the and gifts gfftldonation to which it relates. Donated services and These are only included in income (with an equivalent amount in facilities expenditure) where the benefit to the Charity is reasonably quantiflable, measurable and material. Volunteer help Investment income The value of any volunteer help received is not included in the accounts. This is included in the accounts when receivable. This includes any 8ain or loss resulting from revaluing investments to market value at the end of the year. Gains/llossesl on revaluation of fixed assets Gainslllos5e51 on investment assets This inclu(les any gain or loss on the sale of investments. Page 8
The Peak Centre Trust Notes to the Accounts Expenditure Reco8nition of expenditure Expenditure is recognised on an actruals basis. Expenditure inclu(les any VAT which cannot be fvlly recovered, and is reported as part of the expenditure to which st relates. Expenditure on raising These comprise the costs associated with attracting voluntary income, funds fundraising trading tosts and investment management costs. Expenditure on charitable These comprise the costs incurred by the Charity in the delivery of it5 activities actNities and services in the furtherance of its objects, including the making of grants and governance costs. All grant expenditure is accounted for on an actLtal paid basis plus an accrual for grants that have been approved by the trustee5 at the end of the year but not yet paid. These include those costs associated with meeting the constitutional and statutory requirements of the Charity, includin8 any audit/independent examination fees, costs linked to the strategic management of the Charityi tO8ether with a share of other administration costs. These are support costs not allocated to a particular artivity. Grants payable Governance costs Other expendlture Taxation The charity is exempt from tax on its charitable artivities. Tanglble flxed assets and depreclatlon Depreciation is provided at the following annual rates in order to write off each asset over Its estimated useful life: Fixtures & Fittin8S 25% reduclng balance Freehold Investment property Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. 1 gains or losses are taken to the Statement of Financial Activities as they arise. Stocks Stock is included at the lower of cost or net realisable Value. Donated items of stock are recognised at fair v3lue which is the amount the tharity would have been willing to pay for the items on the open market. Trade and other debtors Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Cash and cash equIlents Cash and cash equivalents comprise cash at bank and on hand. demand deposits with banks and other 5hort-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows. cash and cash equwalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management. Page 9
The Peak Centre Trust Notes to the Account5 Trade and other creditors Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provision5 are normally reco8nised at their settlement amount after allowing for any trade discounts due. Research and development Expenditure on research and development is written off in the year in which it is incurred. Foreign currencles Monetary assets and liabilities denominated in currencies other than the funrtional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period. Transactions in currencies other than thè functional currency of the charity are recorded at the rate ot exchange on the date that the transaction occurred. All exchange differences are are taken into account in arriving at net income/expenditure. Leased assets Where the charity enters into a lease whlch entalls tsklng substantially all the risks and rewards of ownership of an asset, the lease 15 treated as a finance lease. Lease5 which do not transfer substantially all the risks and reward5 of ownership to charity are classified as operatlng leases. Assets held under flnance leases are initially recognised a5 a5set5 of thè charity at their fair value at the inception of the lease or, if lower, at the pseTrt value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as 8 finance lease obligation. Lease payments are apportioned between finance expenses and reductlon of the lease obligation $0 as to achieve a constant rate of interest on the remalnin8 balance of the liability. Finance expenses are recogni5ed immediately, unless they are directly attributable to qualifying assets, in whlch case they are capitalised in accordance with the charity's policy on borrowing costs. Assets held under finance leases are depreciated in the same way as owned assets. Operatin8 lease payments are retO8nised as an expense on a straight-line basis over the lease term. In the event that lease Incentives are received to enter into operating leases, such incentives are retognised as a liability. The aggregate benefit of incentives is COgnised as a dctIOn of rental expense on a straight-line basis. Penslon costs The charity operates a defined contribution plan for its employees. A defined contribution plan is pension plan under which the charity pays flxed contributions into a separate entity. Once the contributions have been paid the charity has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the charity in independently administered funds. ReIpt of donated goods. facllities and services All donated goods. facilities and ServIS received are recognised w5thin incoming resources and expenditure at an estimate of the value to the chartty. Page 10
The Peak Centre Trust Note5 to the Accounts Statement of Flnancial Artivities- prlor year Unrestrict ed funds 2024 Total funds 2024 Income and endowments Irom: Donations and legacies Charitable activities Other trading artivtties Investments 30,384 42,848 4,631 2,293 8,334 30,384 42,848 4,631 2,293 8,334 other Total 88,490 88,490 Expèndlture on: other 80,708 80,708 Total 80.708 80,708 Net Income 7,782 7,782 Net income before other 8a5nslllosses) Other galns and losses: Ntt movement In funds 7.782 7,782 7,782 7,782 Reconciliation of funds: Total funds brought forward Total funds carried forward 80,875 80,875 88,657 88,657 Income from donatlon5 and legacles Unrestrlcted Total 2025 Total 2024 Donatlons & legaeies Grants 29,098 4,0 7S3 29,098 4,000 753 14,885 15,500 Volunteer lunches 33,851 33,851 30,385 Income from charitsble activities Unrestricted Totsl Total 2024 2025 8reakfost club 2,025 24,356 6,039 2,025 24,356 6,039 1,145 34,725 5,964 1,014 42.848 Client fees Hall hire Transport to day centre 32,420 32,420 Page 11
The Peak Centre Trust Notes to the Accounts Income from other trading activities Unrestrfrted Restrlrted Total 2025 Total 2024 Fundraising artivities Internal fundraising Garden Project 1,465 4,237 1,465 4.237 3,556 9,258 3,202 1,429 3,556 3,556 5,702 4,631 Income Irom Investments Unrestricted Total Total 2025 2024 Investment income 1,877 1,877 1,877 1,877 2,293 2,293 Other Income Unrestrlcted Total Total 2025 2024 Shop income 8,335 8,335 8,335 8,335 ,334 8,334 Other expendlture Unre5trlrted Total Total 2025 2024 Shop costs Client welfare 6.927 829 6,927 829 6,323 1,487 4,286 Food costs 4.348 4,348 Advertising & promotlonal Costs 337 337 Employee costs Motor and travel costs 34.050 34.050 40,285 410 Premises costs 18,538 1,004 11,152 3,312 80.497 18,538 1,004 11,152 3,312 80,497 19,673 1,339 3,906 3.000 80,709 DepreciatSon of fixed assets General administrative costs Legal and professional costs Net income before transfers 2025 2024 Thi5 is stated after charging.. Depreciation of owned fixed assets 1,339 Page 12
The Peak Centre Trust Notes to the Accounts 10 Staff costs 2025 2024 Salaries and wages Pension costs 33,041 470 35,339 603 33,511 35,942 No employee received emoluments in excess of £60.CKIO. 11 Tènglble fixed assets Flxtures & Fittings Total Cost or revaluation At I APTII 2024 At 31 March 2025 7,099 7,099 7,099 7,099 Depredation and lrnpalrment At l April 2024 Depreciation charge for the year At 31 March 2025 3,083 3,083 1,004 4.087 4,087 Net book values At 31 March 2025 At 31 March 2024 12 Oebtors 3,012 4,016 3,012 4,016 2025 2024 Trade debtors Other debtors Prepayment5 and accrued income 2,119 180 330 3,875 307 2.629 4,182 13 Credltors: amounts falling due within one year 2025 2024 Trade creditors Other taxes and social security Accruals Deferred income 3,6S8 3,910 303 396 3,555 8,164 281 4,523 Page 13
The Peak Centre Trust Notes to the Accounts 14 Movement in funds Incoming resources ReurCeS Gross At 31 Marth 2025 expended trnnsfers Ilncluding At l Aprll other 2024 galns11055e51 Restricted funds: Restrirted income funds: Garden project 3.556 3.556 Total 3,556 3,556 Unrestrirted funds: General funds 88.657 82.185 180,4971 135.1671 55,178 Desjgnated funds: Rent account 35.167 35,167 35,167 Total 35,167 Total funds 88,657 85,741 180,4971 93,901 Purposes and restrictions in relation to the funds: Restricted funds: Garden project Designated funds.. Rent account to cover rent under the lease agreement. 15 Analysls of nèt as5•ts between funds Unrestrirted Restrlcted funds funds Total Flxed assets Net current assets 3,012 52.167 55,179 3.012 90,889 93,901 38,722 38,722 16 Reconciliation of net debt At l April 2024 Cash At 31 March flows 2025 Cash and cash equivalents 88.623 88,623 4,IGO 4.160 92,783 92,783 Net debt 88,623 4,160 92,783 Page 14
The Peak Centre Trust Notes to the Accounts 17 Commitments Operating lease commitments Annual commitments under non-cancellable operating leases are as follows: Z025 2025 2024 2024 Land and buildin8S Land and buildings Other Other Operating leases with expiry date: In the second to fifth years Inclusive 12.622 12.622 12,238 12,238 Pension commitmeftts 2025 2024 The pension cost charge to the charty mounted to.. 470 603 Unpaid contributions due to the fund are included in other creditors and amounted to: 131 82 Page IS
The Peak Centre Trust Detailed 5t?tement of Financial Activlties for the year ended 31 March 2025 Unrestric ted fvnd5 2025 Restrirted funds Totsl funds Total funds 2025 2024 2025 Income and endowments frorn: Donations and legacles Donations & legacies Grants Volunteer lunches 29,098 29,098 4,000 753 33,851 14,885 15,500 753 33.851 30,385 Charitable artivities Breakfast club Client fees Hall hire 2,025 24.356 6.039 2.025 24,356 6.039 1,145 34,725 5,964 1,014 42,848 Transport to day centre 32,420 32,420 Other trading activities Fundraising activities Internal fundraislng Garden Pro5ect 1,465 4,237 1,465 4,237 3,556 9,258 3,202 1,429 3,556 3,556 5.702 4,631 Investments Investment Income 1,877 1.877 1,877 1,877 2,293 2,293 Other Shop income 8,335 8,335 8,335 8,335 8,334 8,334 Total income and endowments 82,185 3,556 85,741 88,491 Expendlture on.. Other expenditure Shop costs Client welfare Food costs 6,927 829 4.348 337 6,927 829 6,323 1,487 4,286 4,348 337 Advertising & promotional costs 12,441 12,441 12,096 Employee costs Salarieslwages Pension costs Staff welfare Temporary staff 33.041 470 33.041 470 539 35.339 603 855 3,488 40,285 410 539 34.050 34,050 Vehicles- General costs Page 16
The Peak Centre Trust Detailed Staternent of Financial Artivities 410 Premises costs Rent 12,051 12.051 844 3.469 550 1,624 18,538 10,830 717 Rates Light, heat and power Premises cleaning Other premises costs 3.469 550 5.685 707 1,734 19,673 1,624 18,538 General administrative costs, includlng depreciation and amortisation Depreciation of Fixtures & Fittings Equipment repair5 and maintenance General insurances Postage and couriers Software, IT support and related costs Sub5triptions Sundry expenses Telephone, fax and broadband 1,004 6,956 1,605 239 1,339 518 1,244 191 6.956 1.605 239 443 443 640 148 1,121 12,156 60 586 254 1,053 5,245 148 1.121 12,156 Legal and professlonal costs Atcountancy and bookkeepin8 3.312 3.312 3,312 3,312 3,000 3,OCIO Total ol expendlture of other costs Total expenditure Net 8ain5 on inve5tment5 80,497 80,497 80,709 80.497 80,497 80,709 Net Income 1.688 3.556 5,244 7,782 Net Sncome before other 8alnslllossesl Other Gains 1.688 3,556 5.244 7,782 Nel movement In funds 1.688 3,556 5,244 7,782 Réconclllatlon of funds: Total funds brought forward 88.657 88,657 80,875 Totsl funds carried forwèrd 90,345 3.556 93.901 88,657 Page 17