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PEEPUL CENTRE

Registered charity 1092389 · accounts filings on the Charity Commission register · also known as BELGRAVE BAHENO PEEPUL CENTRE

THE CHARITY COMPRISES THE PEEPUL CENTRE, A PURPOSE BUILT FACILITY BASED IN LEICESTER WHICH INCLUDES ARTS, CONFERENCING, FITNESS AND HEALTH, CATERING, CHILDCARE, TRAINING FACILITIES AND FUNCTION ROOM HIRE.

Causes: Education/training · The Advancement Of Health Or Saving Of Lives · Arts/culture/heritage/science · Amateur Sport · Environment/conservation/heritage · Economic/community Development/employment · website · Get email alerts

Latest income
£250k
Latest spending
£255k
Registered
2002
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that the charity reported a net deficit of £11,300 for the year ended 31 December 2024, with total unrestricted funds of £4,201,657. The charity relies heavily on funding from its parent charity, the Ethnic Inclusion Foundation, to cover running cost deficits, as it faces challenges in securing public arts funding. The trustees maintain that the going concern basis is appropriate due to the continued financial support from the parent organization.

Automated summary of the FY2024 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Reserves position: below the charity's own stated reserves policy (held: £4.2m; policy: three months of unrestricted expenditure)
“Whilst the policy on reserves is desirable to maintain a three month wages free cash reserve it has not been possible to maintain it due to the large overheads the Centre suffers” — page 14
Per its FY2024 accounts as filed with the Charity Commission.
Going concern: noted by the trustees or auditor
“The Trustees expect the company to have adequate resources to continue operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing these financial statements.” — page 14
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Online Accountancy Services Ltd, owned by Trustee Anil Bhanot, provided services. £24,000 charged to subsidiary Peepul Enterprises Ltd; £Nil to Peepul Centre.
“The book-keeping fee charged to the Peepul Centre charity is £Nil and to its subsidairy Peepul Enterprises Ltd it is charged in the sum of £24,000 for the year” — page 36
“The parent charity EIF gave a grant of £13,000 to Peepul Centre and (2023 - £60,000) and advanced a loan of £572,082 to Peepul Enterprises Ltd (PEL) during 2024.” — page 36
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Parent charity EIF provided a grant of £13,000 and advanced a loan of £572,082 to Peepul Enterprises Ltd.
“The book-keeping fee charged to the Peepul Centre charity is £Nil and to its subsidairy Peepul Enterprises Ltd it is charged in the sum of £24,000 for the year” — page 36
“The parent charity EIF gave a grant of £13,000 to Peepul Centre and (2023 - £60,000) and advanced a loan of £572,082 to Peepul Enterprises Ltd (PEL) during 2024.” — page 36
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Head Office shared with Online Accountancy premises owned by Anil Bhanot; no rent charged.
“The book-keeping fee charged to the Peepul Centre charity is £Nil and to its subsidairy Peepul Enterprises Ltd it is charged in the sum of £24,000 for the year” — page 36
“The parent charity EIF gave a grant of £13,000 to Peepul Centre and (2023 - £60,000) and advanced a loan of £572,082 to Peepul Enterprises Ltd (PEL) during 2024.” — page 36
Per its FY2024 accounts as filed with the Charity Commission.
Governance: The charity states it has filed a legal complaint against Arts Council England for discrimination.
“We have now filed a legal complaint against ACE for discriminating against the Peepul Centre and the socially deprived ethnic communities of the Belgrave area in Leicester the Centre serves.” — page 6
Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by Andrew Murray & Co. Discloses 5 of 6 completeness components.

Public profiles (found on the charity’s own website): facebook · instagram

Structured financials (annual return, FY ending 31/12/2022)

Total income
£1.4m
Total spending
£1.6m
Cost of raising funds
£7k
Reserves (reported)
£0
Employees
36

Reported reserves equal ~0.0 months of spending — in the bottom quarter for charities its size (median 7.0 months; benchmarks).

Per its annual return, largest income source: Charitable activities (79% of income) — components as reported reconcile to the return’s total income; not from the accounts narrative.

Per its annual return, cost of raising funds: 0.5% of total income — below the median for charities its size (2.9%) (benchmarks).

Trustees · trustee networks

Trustee list from the Charity Commission register (current, not historical).

Operates in: Leicestershire

Income and spending

Financial year endIncomeSpending
31/12/2024£250k£255k
31/12/2023£247k£245k
31/12/2022£1.4m£1.6m
31/12/2021£1.5m£1.5m
31/12/2020£1.1m£1.2m

Common questions

Is PEEPUL CENTRE financially healthy?

Per its FY2024 accounts: The accounts state that the charity reported a net deficit of £11,300 for the year ended 31 December 2024, with total unrestricted funds of £4,201,657. The charity relies heavily on funding from its parent charity, the Ethnic Inclusion Foundation, to cover running cost deficits, as it faces challenges in securing public arts funding. The trustees maintain that the going concern basis is appropriate due to the continued financial support from the parent organization. Its FY2024 accounts were audited by Andrew Murray & Co.

Who funds PEEPUL CENTRE?

Funders whose own accounts filings name PEEPUL CENTRE as a grant recipient include THE ETHNIC INCLUSION FOUNDATION.

Shared trustees with funders

Register facts shown side by side: a person serves as trustee of both this charity and a funder whose accounts record grants to it. Shared trusteeship is lawful and common; well-run charities manage it through declared-interest procedures.

Known funders

Grants to this charity found in funders’ own accounts filings.

FunderYearAmountPurpose (as stated by the funder)
THE ETHNIC INCLUSION FOUNDATIONFY2024£13kGrant funding of activities

Government & lottery funding

Grants to this charity published as open data by government and lottery funders (360Giving).

FunderDateAmountPurpose
The National Lottery Community Fund01/04/2022£9kACE The Queen's 70 year reign through the eyes of Belgrave
Sport England09/11/2020£5kToyota Parasport Fund - Peepul Centre Para Sports
The National Lottery Community Fund22/05/2020£9kPeepul Meals
The National Lottery Community Fund17/09/2014£8kThe BE [active, happy, healthy] Project
The National Lottery Community Fund06/09/2012£9kActive Peepul, Healthy Families