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2023-03-31-accounts

Contents Pages
Officers and Professional Advisers
Trustees' Report 2-7
Independent
Examiner's		 Report
Unaudited Statement ofFinancial Activities
Unaudited Balance Sheet 10
Notes to the Unaudited
Financial Statements		 11 —20

Registered Office and Operational Office and Operational Office and Operational Pennywell
Neighbourhood		 Pennywell
Neighbourhood		 Pennywell
Neighbourhood		 Centre
Address Pennywell
Shopping		 Centre
Portsmouth
Road
Sunderland
Tyne and Wear
SR49AS
Custodian Trustees Denise Haley
Chief Executive Gary Brooks
Management Committee Members
Julie Hanly
Denise Haley
Beverley Bulmer
Sue Foster
Peter Lovegrove
Esdaile Boyling
Leanne Moore
Kevin Doran
David Thompson (appointed 21"November 2022)
Independent Examiner A. M. Henshaw FCCA,
Torgersells
Avalon House
StCatherine's Court
Sunderland
SR5 3XJ
Bankers Co-operative
Bank pic
5/6 Fawcett Street
Sunderland
Tyne and Wear
SR1 1RF

The trustees present their report together with the financial together with the financial together with the financial statements statements for the year ended 31 March 2023.
Reference and Administrative Information
Charity Name:- Pennywell Neighbourhood Centre
Charity Registration Number;- 1005148
Registered Office and Operational Pennywell Neighbourhood Centre
Address Pennywell Shopping Centre
Portsmouth Road
Sunderland
Tyne and Wear
SR49AS
Custodian
Trustees
Denise Haley
Jane Caldwell
Management
Committee		 Members
Julie Hanly
Denise Haley
Jan Caldwell (resigned 11'"July 2022)
Beverley Bulmer
Sue Foster
Peter Lovegrove
Esdaile Boyling
Leanne Moore
Kevin Doran
David Thompson (appointed 21"November 2022)

Total
Unrestricted Restricted Funds Total Funds
Note Funds Funds 2023 2022
Income and Expenditure g
Income
Income from generated
funds
Donations
and legacies		 2a 62,578 139,912 202,490 87,938
income from investment 2b 42,896 - 42,896 27,600
Income from charitable
activities		 3 11,724 11,724 90,378
Total incotne 117198 139912 257 110 205 916
Expenditure
Expenditure
on charitable activities		 4 (147,441) (86,839) (234,280) (216,923)
Total expenditure ~147441 ~86839 ~234280 ~216923
Net income/(expenditure) (30,243) 53,073 22,830 (11,007)
Transfers
Transfers between
funds		 14 70,776 (70,776)
Net movements
on funds		 40,533 (17,703) 22,830 (11,007)
Total funds brought
forward		 388,182 47,696 435,878 446,885
Total funds carried forward

Note 2023 2023 2023 2022 2022
Fixed Assets
Tangible assets 262,148 255,130
Investments I I
262,149 255,131
Current Assets
Debtors 10 32,141 111,251
Cash at bank and in hand 236,972 171,094
Total current assets 269,113 282,345
Liabilities
Creditors: Amounts falling due within one year 11 45 416 47322
Net current assets 223,697 235,023
Creditors: Amounts falling due alter one year 12 27,138 54,276
Total net assets 358 8
Unrestricted
funds		 13
General
fund		 117,067 133,052
Designated
funds		 311,648 255,130
428,715 388,182
Restricted funds
Revenue 14 29,993 47,696
45EJ%
These
unaudited		 financial statements
were		 appmved by members of the committee on the
7 t
Iz		 ts and are signed on their behalf by:

2a Donations
and Legacies		 Donations
and Legacies		 Total Total
Unrestricted Restricted Funds Funds
Funds Funds 2023 2022
Grants Receivable g
The Clothworkers 7,000 7,000
The Bernard Sunley 4,000 4,000
Ballinger Trust 10,090 10,090 9,797
The Community
Foundation		 5,250 10,100 15,350 15,041
National
Lottery Community		 Fund 60,718 60,718 10,000
Sir James Knott Trust 15,000 15,000
Bernicia Foundation 7,494 7,494
Empower Community 2,000 2,790 4,790
Zedra Trust 3,000 3,000
HSBC Screwftx Foundation 3,500 3,500
Sir John Priestman Charity Trust 6,000 6,000
The Bailey Thomas Charitable Fund
The Edward Gostling Fundation 5,000 5,000
The Hadrian Trust 1,000 1,000
Trusthouse 7,500
Greggs Foundation 15,000 15,000 18,850
The Evan Conrish Foundation 4,000
Postcode Neighbourhood
Lottery		 7,950
Sunderland
CC		 12,310 12,310 4,000
Rukba Independent Age Grant 10,000
Rothley Trust 800
Joseph Frazer Strong Trust 1,000 1,000
The Joicey Trust 3,000 3,000
Catherine
Cookson		 Charitable Trust 600 600
NHS Sunderland 27,138 27,138
Gentoo 500 500
62 578 139912 ~4
was unrestricte d
(2022:632,691)and f13		 d
(2022:632,691)and f13		 9,912restricted (2022:855 ,
,247).		 ,
Income from Investments Total Total
Unrestricted Restricted Funds Funds
Funds Funds 2023 2022
g
PNC recharge
Rent
Pennywell Medical Centre 15,651 15,651 27,600
Northeast Dementia Care 27,245 27,245
42 896 ~2600

3 Income from Charitable Charitable Activities Total
Unrestricted Restricted Funds Total Funds
Funds Funds 2023 2022
f,
User Contributions 5,358 5,358 8,252
Pennywell
Medical Centre		 —running costs 42,825
Release ofredundancy provision 24,822
Job Retention Scheme 14,479
NED Running costs 6,366 6,366
11724 11724 9~037

Total Expenditure
Health and
Basis of Family Other
allocation Support Activities Total 2023 Total 2022
8 8 f
Costs directly aUocated to activities
Wages &Salaries Direct 60,636 3,149 63,785 66,414
Equipment Direct 15
Rates &Water Direct 28 28 1,129
Light &Heat Direct 1,186 1,186 8,060
Insurance Direct 762 762 955
Repairs &Renewals Direct 1,527 1,527 14,900
Programme
Costs		 Direct 9,046 100 9,146 5,052
Travel Direct
Printing,
Postage &		 Stationery Direct
Cleaning Direct 177 177 844
Telephone Direct
Miscellaneous
Costs		 Direct 160 160 153
Staff Development Direct
Depreciation Direct
Legal &Professional Fees Direct
Support costs allocated to activities
Wages &Salaries 71,927 71,927 57,323
Equipment 1,986 1,986 1,216
Rates &Water 1,948 1,948 1,769
Light &Heat 10,401 10,401 8,061
Insurance 5,758 5,758 5,153
Repairs &Renewals 14,355 14,355 11,658
Programme
Costs		 1,151 1,151 1,490
Travel 76 76 46
Printing,
Postage &		 Stationery 505 505 695
Cleaning 2,047 2,047 1,328
Telephone 1,979 1,979 1,647
Miscellaneous
Costs		 1,026 1,026 1,005
StaffDevelopment 100
Accountancy
fees		 8,707 8,707 4,380
Legal &Professional Fees 10,361 10,361 12,998
Profitl(loss) on Disposal (4,483)
Bad Debts 6,394 6,394
Depreciation 18,888 18,888 15,015
2~2

5 Staff Costs Total Total
Funds Funds
2023 2022
Staff costs were as follows:
Wages and salaries 126,696 113,150
Social security costs 4,324 4,900
Pension costs 4,692 5,688
~15
12		 ~123
38
No employee received in excess ofK 60,000 during the current orpreceding year.

Tangible Fixed Assets Furniture, Furniture, Office &
fixtures & general
Buildings littings equipment Total
Cost g
At 1 April 2022 704,814 83,524 25,167 813,505
Additions 23,937 1,969 25,906
Disposals (1,986) (2,026) (4,012)
At 31March 2023 704814 ~1054 5 ~25 110
Depreciation
At 1 April 2022 485,527 50,141 22,707 558,375
Charge for the year 8,319 8,990 1,579 18,888
Disposals (1,986) (2,026) (4,012)
At 31 March 2023 57 145 22 260 ~53 251
Net BookValue
At 31March 2023 48 330 2 850 ~62 148
At 31March 2022 21928 3383 2460 2~1
Fixed Asset Investments
Shares in group
undertakings
Cost
At 1 April 2022 to 31March 2023
Net BookValue
At 31 March 2023
At 31 March 2022
The charity holds 20%or more ofthe issued share capital ofthe companies listed below:
Country Proportion Nature of
ofincorporation Shareholding held business
Subsidiary
undertakings
Provision of premises
P N C Services Limited England Ordinary Shares 100% management services
Aggregate
Capital &Reserves		 2022
P N C Services Limited 3,182
Profit/(Loss)
for the Year
P N C Services Limited

10. Debtors
2023 2022f
Trade debtors 18,558 81,414
Other debtors 6,394
Prepaymeuts &accrued income 13,583 23,443
32 141 ~11125
11. Creditors: Amounts falling due within one year
2023 2022
Trade creditors 2,235 5,153
Other creditors 10,705 9,625
Accruals &deferred grant income 32,476 32,544
45 416 4
22
12. Creditors: Amounts faihng due after year
2023 2022
Deferred grant income 27,138 54,276
27 138 54276
13. Unrestricted Funds
Transfers At 31
At 1April between March
2022 Income Expenditure funds 2023
PNC Fund ~0 67 936 ~4 ~08 ~11 06
Designated Funds
PMC Fund 15,651 (7,090) (8,561)
NED Fund 33,611 (17,055) (16,556)
Capital Fund 255,130 (18,888) 25,906 262,148
Redundancy Fund 49,500 49,500
(44)
Total Unrestricted
Funds 3$Lj82 ll2J98 ~L44J 7006 42K21 5
Unrestricted Funds —movement in previous year
Transfers At 31
At 1April between March
2021 Income Expenditure funds 2022
PNC Fund ~142 23 ~l ~14 4 ~129
1		 ~133052
Designated Funds
PMC Fund 42,825 (37,445) (5,380)
Capital Fund 268,691 (15,015) 1,454 255,130
~286 1 42 2 524 0 ~2 ~21
Total Unrestricted
Funds		 ~1 ~56

14 Restricted Funds At Transfers At 31
IApril between March
2022 Income Expenditure Funds 2023
K
Revenue Funds
Breakout 10,196 (10,196)
PNC 37,500 50,784 (17,157) (60,580) 10,547
Family Support
—Adult 89,128 (69,682) 19,446
Total Restricted
Funds		 ~13 12 ~~ ~23
Restricted Funds —movement in previous year
At Transfers At 31
1April between March
2021 Income Expenditure Funds 2022
Revenue Funds
Breakout 10,928 (732) 10,196
PNC 37,500 37,500
Family Support
—Adult 24,843 17,747 (59,467) 16,877
Total Restricted
Funds ~35771 ~55 247 0 ~168 ~46 6

Analysis ofNet Assets Between Fu nds nds
Unrestricted Funds Restricted
PNC Designated Funds Total
K
Tangible fixed assets 262,148 262,148
Investments I I
Debtors &prepayments 32,141 32,141
Cash at bank 157,479 49,500 29,993 236,972
Creditors (72,554) (72,554)
~6 ~3 29993 ~5
Analysis ofNet Assets Between Funds —prior year
Unrestricted Funds Restricted
PNC Designated Funds Total
8 8
Tangible fixed assets 255,130 255,130
Investments I I
Debtors &prepayments 111,251 111,251
Cash at bank 123,398 47,696 171,094
Creditors (101,598) (101,598)
~133052 255 130 47 696 ~45
8