Charity Registration Number . 1005148 Pennywell Neighbourhood Centre Unaudited Financial Statements For the year ended 31 Mareh 2024
Pennywell Neighbourhood Centre Index Year Ended 31 March 2024 Contents Pages oiricers and Professional Advisers Trustees, Report Independenl Examiner's Report Unaudited Statement of Financial Activities Unaudited Balance Sheet 10 Notes to the Unaudited Financial Ststements 11-20
Pennywell Neighbourhood Centre Officers and Professional Advisers Registered Office and Operational Address Pennywell Neighbourhood Centre Pennywell Shopping Centr¢ Portsrnouth Road Sunderland Tyne and Wear SR4 9AS Custodian Trustees Denise Haley Chief Executive Gary Brooks Management Comm ittee Members Julie Hanly Denise Haley Beverley Bulmer Sue Foster Peter Lovegrove Esdaile Boyling Leanne Moore Kevin Doran David Thompson Sharon Gunn (appointed 22104124) Independent Examiner A. M. Henshaw FCCA, Torgersens Avalon House St Catherine's Court Sunderland SR5 3XJ Bankers Co-operdtive Bank plc 516 Fawcett Street Sunderland Tyne and Wear SRI IRF
Pennywell Neighbourhood Centre Trustees, Report Year Ended 31 March 2024 The trustees present their report together with the fmancial statements for the year ended 31 March 2024. Reference and Administrative Information Charity Name'.- Pennywell Neighbourhood Centre Charity Registration Number:. 1005148 Registered Office and Operational Address Pennywell Neighbourhood Centre Pennywell Shopping Centre Portsmouth Road Sunderland Tyne and Wear SR4 9AS Custodian Trustees Denise Haley Management Comm ittee Members Julie Hanly Denise Haley Beverley Bulmer Sue Foster Peter Lovegrove Esdaile Boyling Leanne Moore K¢vin Doran David Thompson Sharon Gunn (appointed 22104124) Struclure, Governance and Management The organisation has existed since 1989, and its objects and regulations are regulated by a trust deed under which the Charity is constituted &$ an unincorporated association. It has been registered a charity (No. 1005148) since October 1991. The constitution states that its objects are: 'In the interests of social welfare to provide for the benefit of the inhabitants of the Pennywell estate and neighbouring environs in Sund¢rland in th¢ county of Tyne and Wear [her¢inaft¢r called "the area of benefit"] a neighbourhood centre and to promote therein and in the area of benefit, facilities and activities so as to relieve poverty. advance education and improve the conditions of life for the said inhabitants." Recruitment and Appointment of the Management Committee The management committee members are also the tSteeS of the Charity. All members, save co-optees, are el¢¢t¢d at the AGM. One of the key strengths of the organisation is that it is firn]ly rooted in the community and is led by local people. The make-up of the Committee reflects this, with a majority of eight pla¢¢s being allocated to local residents with full membership of the Association. Usually, a number of these members seek to maintain their involvement for more than one year which gives continuity and stability to the Committee. New members are recrnited by advertising around the area and by promoting the opportunity amongst Centre users. A further two places are open to nominated representatives of locally based organisations with which the Centre has strong working links, and a final two places are for associate members who are nominated staff representatives from PNC.
Pennywell Neighbourhood Centre Trustees, Report Year Ended 31 March 2024 Trustee Induetlon and Training Most of the Committee members are familiar with the practical work of the Centre as they either are existing or past Users of Centre services or have links to partner organisations. In addition to this, trustees Teceive induction training focusing on the constitution, the role of the Committee and its officers, and the need for DBS clearances. A rolling prograrnme of policy and procedure revlew ensures that the trustees have an opportunity to familiarise themselves in detail with the running of the organisation and statutory responsibilities. Trustees are also encouraged to take part in training opportunities that are available at the Centre and within the wider voluntary sector network. Risk Management The Management Committee has identified the major risks to which the Charity is exposed and has ensured that there are a range of systems and procedures in place to address them. These are subject to regular review, and include.. significant ext¢mal risks to funding, which hav¢ b¢¢n addressed through a business plan and regular budget r¢view internal control risks which are minimi5ed through fjnancial and operational procedures - policies and procedures to ensure compliance with health and safety requirements and standards protection of children and vulnerdble adults addressed by obtaining enhanced CRB clearances for knvstees, staff, and volunteers, working to Ofsted standards, having relevant protection and recruitment policies and procedures, and providing a programme of staff training. The Centre receives support and insurance relating to personnel and employment matters as well as health and safety from Black Mountain (formerly known as The Compliance Group). This has proved invaluable in dealing with a number of issues. Organisational Structure The Charity has a Management Committee comprised of up to twelve members as described earlier. It also has the capacity to appoint up to four co-optees, and these would nornially be individuals who can bring spe¢ifi¢ areas of expertise or who are representatives of organisations with whom the Centre wishes to strengthen ils links. The day to day running of the Centre is delegated to a paid staff team which is headed up by the Chief Executive. All staff work within teams that are lead by line managers. Staff receive monthly supervision, and attend regular staff and team meetings. Most staff attend bespoke training that supports professional development. Related Parties The Charity has close links with Together for Children Sunderland and the Iris Learning Trust to ensure that opportunities for professional development and guidance on standards arc accessed. Public B¢nefit Statement The trustees havc had Tegard to the Charity's Commission guidance on their legal duty on public benefit, and are satisfi¢d that the charity deliver5 public benefit. and due regard is paid to the guidance on public benefit when deciding on what new projects the charity should undertake. Mission Statement "To improve the lives of our community through health and well-being services." The need we address and Ivhy this 15 important In Pennywell, widespread and chronic poverty has led to a significantly highcr than aveTage occUence of the following 4 challenges.. Poor physical health Poor mental health Isolation and loneliness Improving the ability to live independent
Pennywell Neighbollrhood Centre Trustees, Report Year Ended 31 March 2024 All of the above are related and represent multiple issues for many people. Povety lies at the root of unhealthy lifestyle choices, (for example, lack of exercise, smoking and drinking too much, living on junk food, etc). These factors lead in turn to emergent physical and mental health issues such as poor general fitness, alcohol dependency and depression. The result of these challenges can include increased withdrawal from engagement in the community, growing social isolation and loneliness. L¢ft unaddressed, Ihis situation will often trigger a downwards spiral of increased substance use, reinforced social isolation and chronic illness. Many in our Community have lived this way for decades - ultimately resulting for a high proportion in life changing illness (cardio vascular issues, long tenn depression, higher levels of life threatening issues such as heart disease, cancer, etc). In short. many of Pennywell's residents are locked into a self-reinforcing cycle of economic deprivation, physical ill-health, declining mental health, increasing social isolation and reduced personal resilience. COV1D-19 and now the cosl of living crisis h&8 amplified and exacerbated all of the above problems. For example, amongst our clients who already had financial difficulty there has been a return to previous unhealihy behaviours, as ihey do not have the income to continue with some of their positive health choices. EVIDENCE RE: THE NEEDS WE DESCRIBE: A) In 2020, we commissioned Dr. Mark Wetherell from Northumbria University to und¢rtake a needs analysis amongst local people. Assessing the health, wellbeing and functioning of a sample of 41 individuals, Dr. Wetherell found that.. l) Older people in Pennywell were more likely than the wider older population to struggle with daily living tasks and were more dependent on other5 as a result. Dr. Wetherell concluded that, in Pennywell, "in the main, levels of function are low and dependency levels are high" 2) Pennywell residents reported almost twice the level of chronic stress than did the population at large. 3) Across a wide age range, Pennyw¢ll r¢sid¢nts report role limitations caused by physical or emotional factors that are significantly worse than avwag¢, The evaluated group also scored very poorly (when compared against the general population) in tenns of general health. physical functioning. emotional wellbeing and social functioning. B) In a consultation with 21 project users in July 2021, 1000/0 Stated that they believed that attending our Community Education Sessions in the tUre would help to lower their stress; 960/0 Stated that the courses would help them with their anxiety. the same percentage confirmed that their confidence would be helped. 600/0 Stated that they valued the social opwrtuniti¢s afforded by our activities. Activities Our purpose is to support the most vulnerable in our community to break the cycle described above, help them to adopt healthier life habits and so improv¢ their mental. physical and emotional health in the long terni. Given the need lo target resources, we design our programmes to supporting specifi¢ groups of vulnerable people. for example older people, often living alone or otherwise socially isolated, people with learning disabilities, families living in poverty and young people. Currently we provide". I) HEALTH AND SELF CARE EDUCATION (including things like Next Steps in Cookery and Seasonal Cooking [supporting kitchen confidence, cooking skills and nutritional knowledge]. Sit and Be Fit and 'Yoga' [focusing on physical fitn¢ss. flexibility and improved mental health through mindlnesS]. Down Memory Lane [focusing on social intsraction]). 2) A GARDENNG CLUB; This gives users a sense of challenge, puwose and achievement. It provides physica] activity, fresh air and comradeship. The activities are inherently mindful, absorbing and calming - and they keep people moving.
Pennywell Neighbourhood Centre Trustees, Report Year Ended 31 March 2024 3) An ARTS PROJECT (including Textiles, Card Crafts, [helping to maintain manual dexterity] and Singing [this addresses social isolation, addresses loneliness and has been proven to improve both mental and physical health]). 4) Peer Mentor volunteers help to design and deliver the programme. This gives them opportunities to meet their neighbours. increase their social interaction and build new relationships. This leads to reduced feelings of loneliness and isolation and impTov¢d emotional and mental well-being for the Peer Mentors- and contributes to improved nutrition, fitness and emotional health for the wider group. 5) Partnership activities with other local charities, such as Pennywell Community Cenre and North East Dementia Care - joint events and activities (e.g. Christmas celebration, school holiday activities). 6) BREAKOUT PROGRAMME.. Our programme of activities and visits for children aged up to ¢l¢ven and their parents during the school holidays is aimed at building a sense of Community identity and improving the quality of life of hard pressed families. 7) THE BREAD AND BUTTER THtNG a food surplus distribution charity that offers a weekly shop for just £8.50. Funded by Gentoo. P¢nnywell Neighbourhood Centre wa5 the first hub to open in Sunderland on 9th November 2022. It provides local residents with th¢ opporlunity to sign up and gain acc¢s5 to an average of £35 worth of items, including fresh fruit and veg, fridge favourites and cupboard staples. Strategie Co41s The 4 strategic goals for the organisation sel out in our business plan for this period are: Widen participation through developing existing services and creating new ones We aim to expand the range and delivery activities of all our services to increase the number of people we can help, to help attract new funding and to raise our profile within the area. This will include crealing brand new services alongside existing services. Funding and Income Generation Our key areas of service delivery remain the Health and Well-Being Skills Programme and landlord activities. The key challenge for them both is the continuation of funding. A funding strategy for the organisation in general and in particular the Health and Well-Being Sktlls Programme is fundatnental to its long-tern) success and the ability of the organisation to deliver activities essential to local residents and those who travel in to the area to access our services. Good Governance Wc also need to maintain good governance of the organisation through the introduction of new local management committee members, allowing long-terni committee members the opportunity to Tnove on and making sure all committee members have the inforniation they need to make decisions. We need to have a strategy in place for reUItMent and selection of new committee members. Marketing and Promotion Finally, w¢ n¢ed to develop and adopt a marketing strategy that includ¢s plan5 for improvlng our website, increasing our social media presence and making sure everyone who would benefit from our services know5 about our services.
Pennyivell Neighbourhood Centre Trustees, Report Year Ended 31 Mareh 2024 Aehlevements and Performanee Health and Well-Bein rarnnie During the course of this year we have offeTed activities that provnote healthy living, the acquisition of life skills. independence and engite1nent with neighbours. OUT projeLts are designed around sessional programmes. These vary based on the needs and the expressed wishes of our users and are described in more detail alx)ve. Our programme places a strong emphasis upon cclcbrating achievement and ensuring that the gains OUT service Users make are recognised by their tamilies and the wider community. At our annual learners, celebration event, learners were presenied with certificates and prizes by the chair of Pennywell Neighbourhood Centre in front of their peer5. We are now in the third y¢ar of thr¢e years of funding for this project from the National Lottery Community Fund. North East tkmentia Care Our new tenant, who sign¢d a l¢as¢ in July 2022 that wns until 2032. They offer day care support to people living with Dementia in Sunderland and the surrounding areas. Day care includes. stimulating activities. hot lunch and transport. We are developing a strong working partnership with them since they moved in. Breakout Our summer holiday programme of activities for local families and children up to the age of eleven was put on hold in March 2020, due to the COV1D-19 pandemic. Due to several factors this programme of activities was delay¢d again until summer 2024. Marketin Our website, www.pennywellnc.org was updated in 2024 to reflect our new tenants and return to face to face activities. Financial Review Against a continuing background of reduced funding across the country as a whole with th¢ end of funding programmes, the cutting of funding from government, the impact of the COVID-19 pandemic and increased Pressures on grant funders, the Centre's main priorities have been to address shortfalls in core funding, and to try to secure th¢ sustainability of its key services by looking at our incom¢ g¢n¢ration strat¢gi¢s. Princi al Fundin- Sources With regard to the core funds the Centre has been fortunate in receiving further support from NHS Sunderland Clinical Commissioning Group and will continue to do so until March 2025. Taken together with rental income from North East Dementia Care, thi5 means we have been able to meet our core costs for the year. The main source of funding for our service delivery and to support and expand the work of the centre came from a number of different sources. We received significant funding from the National Lottery Community Fund, Th¢ Big Lottery Fund, Community Foundation, Garfield Weston, Greggs Foundation, Postcode Ncighbourhood Lot*ry, Sunderland Council, Roseline Foundation, The Barbour Foundation, The H¢nry Smith Charity and Hospital of God. Also, smaller grants and in kind donations have also made a huge impact. This year we benefited from small grants from Hadrian Trust, Frazer Trust, The Percy Hedley Charity T$1, H¢dl¢y Foundation and support from other small fundraising activities.
Pennywell Neighbourhood Centre Trustees, Report Year Ended 31 March 2024 Investment Polic cUentlY no Teserves are invested and this will continue to be reviewed annually. Reserves Polic The Management Committee has established a policy whereby the unrestricted funds not commitled or invested in tangible fixed assets held by the charity should be approximately 6 month5 of running costs - which currently equates to roughly £ 100,000. At this level the Management Committee feel they would be able to continue the current activities of the charity in the event of a significant thop in funding until lost funding could be replaced or alternative business plans drawn up. Plans for Future Periods The organisation will continue working to obtain alternative sources of funding to make sure the organisation is sustainable in the long tern]. Other funding and sources of income will in¢lud¢ rental of office space to other organisations and more adv¢rtising of the space will b¢ required. Joint working initiatives with North East Dementia Care and other local organisations will continue to be explored and built in to future delivery models and funding requirements. Members of the Management Committee The members of the Management Committee who are the trustees of the Charity, and who served during the year and up to the date of this report are listed at the beginning of this report. Statement of the Management Committee's Responslbilities for Finaneial Statemen¢& The Charities Act 2011 requires the Managemeni Committee to keep proper records of accounts with respect to the affairs of the charity, and prepare statements of account for each aoUnting period consisting of a statement of fman¢ial activities and a balance sheet. The Management Committee are also responsibl¢ for safeguarding the charity's assets. and hence for taking reasonable steps for the prevention and detection of error, fraud, and other Iegular1ties. In preparing the financial statements the Management Committee are expected to.. Select suitable accounting policies and apply them consistently, making judgements and estimates that are reasonable ad prudent; Following the recommendations of the Charity Commission and of the accounting profession with regard to the form and content of the fmancial statements or to disclose and explain any departures therefrom. and Prepare the financial statements OT] the going concern basis unless it is inappropriate to assume that the charity will continue to meet its objectives. Examiner The examiner, Mrs A. M. Henshaw of Torgersens, will be prowsed for re-appointhient at the Annual General Meeting. lthis report was approved by the trustees on Signed on behalf of the trustees by Name LJKJfr Date
Independent Examiner's Report to the Trustees of Pennywell Neighbourhood Centre Year Ended 31 March 2024 I report on the financial statements of the Charity for the year ended 31 March 2023 which are set out on pages 9 to 20. Respective responsibilities of Iruste¢s and examiner The Charity's Trustees are responsible for the preparation of the financial statements. The Charity's Trustees consider that an audit is not required for this year under section 144 (2) of the Charities Act 2011 ("The Charities Act") and that an ind¢p¢nd¢nt examination is needed. It is my responsibility to.. examine the financial statements under section 145 of the 2011 Act. • to follow the pro¢¢dures laid down in the General Directions given by the Charity Commission under section 145 (5) (b) of the 2011 Act. and • to state whether any particular malters have come to my attention. Basis of Independent examiner's statement My examination was carried out in accordance with th¢ G¢neral Directions given by the Charity Commission. An examination includes a review of the accounting reKords kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequenily no opinion is given as to whether the accounls present a '%rue and fair view" and the report is limited to those set out in the statement below. Independent examlner's statement In connection with my examination, no matter has come to my attention.. (l ) which gives me reasonable cause to believe that in any material respeci the requirements: • to keep accounting records in accordance with section 130 of the 2011 Act. and • to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act have not been met. or (2) lo which. in my opinion, attention should be drawn in order to enable a proper understanding of the fmancial statements to be reached. A. M. Henshaw FCCA Torgersens Chartered Accounlants Avalon House St Catherine's Court Sunderland SR5 3XJ Date: l/.
Pennywell Neighbourhood Centre Unauditcd Statement of Financial Activities Year Ended 31 March 2024 Total Funds Total Funds 2024 2023 Unrestrleted Restricted Funds Fund5 Note Income and Expenditure Ineome Income from generated funds Donations and legacies Income from investment Income from charitable activities 108,897 44,000 14,981 115,497 224,394 44,000 14,981 202,490 42,896 11,724 2b Totsl income 167 878 115497 283 375 257 110 ExndItUre Expenditure on charitable activities (116,647) (106,672) (223,319) (234,280) Total expenditure 116647 106 672 223319 234 280 Net in¢ome/{expenditure) 51,231 8,825 60,056 22,830 Transfers Transfers between funds 14 15,914 (15,914) Net movements on funds 67,145 (7,089) 60,056 22,830 Total funds brought forward 428,715 29,993 458,708 435,878 Total funds carried forward 22 425.&60 04 The notes on pages 1110 20formparl of Ihese unaudlledfmancial slalepnents
Pennywell Neighbourhood Centre Unaudited Balance Sheet As at 31 March 2024 Note 2024 2024 2023 2023 Fixed Assets Tangible &ssets Investments 245,536 262,148 245,536 262,149 Current Assets Debtors Cash at bank and in hand io 21.783 297,585 32,141 236,972 Total eurrent assets 319,368 269,113 Liabilities Creditors: Amounts falling due within one year Net current assets 273,228 223,697 Creditors .' Amounts falling due after one year 12 27,138 Total net assets 64 Unrestricted funds General fijnd Designated funds 13 98,421 397,439 117,067 311,648 495,860 428,715 Restri¢led funds Revenue 14 22,904 29,993 51876_4 45_8 7.8 These unaudited fjnancial statements were appmved by members of the committee on the and are signed on their behalf by: Trustee Name J6 The notes on pages 11 to 20formparl of Ihese unaudlledflnancial slalements io
Pennywell Neighbourhood Centre Notes to the Unaudited Financial Statements Year Ended 31 March 2024 Aeeounting Polieie5 Basi¥ ofPrepara(ion These unaudited financial statements have been prepared under the historical c05t convention and in accordance with.. the Statement of Recommended Practice: Accounting and Rcporting by Charities prq)arAng their accounts in accordance with the Financial Reporting Standards applicable in the UK and Republic of Ireland (FRS 102) issued in January 2015 (SORP 2015) the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) the Charities Act 2011. The unaudited financial statements are prepared in sterling, which is the functional currency of the charity. Monctary amounts in these unaudited fmancial statements are rounded to the nearest £. Going Concern There are no material uncertainties about the charity's ability to continue. Consolidalion In th¢ opinion of the trustees the charity and its subsidiary undertakings comprise a small group. The charity has taken advantage of the cxemptions from preparing consolidated financial statements as specified under paragraph 139{2) of the Charities Act 2011. FundAccounting Funds held by the charity are used for: Unrestricted funds comprise those fvnds which the trustees are free to use in accordance with the charitable objectives. D¢signated funds are unrestricted funds earniarked by the trustees for particular purposes. Restricted funds are funds which are to be us¢d for specific purposes as laid down by the donor or by specific ternis of the appeal under which the funds are raised. Expenditure which meets these criteria is charged to the fund, with a fair allocation of management and support costs. Donations and Legacies Donations and legacies are recognised in th¢ Statement of Financial Activitie5 when they are received. Grants Receivable All grant income is recognised on the receivable basis. Grants relating to core costs are shown under Income from Generated Fun(Ls. whilst grants receivable to specific activities or projects are shown under Income from Charitable Activities. In the event that a donation is subject to conditions that require a level of perforniance before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that those conditions will be fulfilled in the reporting period. When income from the grant 15 received that has time-related condition5 attached and the charity is not entitled to spend that income in advance of ils budgeted y¢arfs) without the further prior approval of the grant-maker then the grant is deferred. Incomefrom Investments Bank interest is included in the Statement of Financial Activities on the accruals basis.
PennyTrvell Neighbourhood Centre Notes to the Unaudited Financial Statements Year Ended 31 March 2024 Accounting Policies (eonllnued) LeasedAssets The company acts as a lessor of its land and buildings. Rentals received under these operating leases are recognised as income on a straight-line basis over the lease terni, Expek7diture All expenditure is included on an accruals basis and is recognised when there is a legal or constructive obligation to pay for expenditure. All direct costs have been attributed to one of the specific activities as set out in note 4 to these unaudited financial statements. Support costs included in expenditure arc allocated in specific activities on the basis set out in note 4 in these unaudited financial statements. FiYedAssets All fixed assets are initially recorded at cost. The trustees have agreed to capitalise asset5 of more than £300. any assets below £300 will be included as expenditure in the statement of financial activities. Donated assets are capitalised at their market value, as estimated by the trustees, when they are received. The corresponding credit is included within donalions and legacies under Income from Generated Funds. Depreciatio Depreciation is calculated to write off the cost, less estimated residual value, of tangible fixed assets over their estimated useful lives. The annual depreciation rates and methods used are as follows:. Buildings Furniture, f]xtures and fittings otyice and general equipment 20/0 Straight line 150/0 reducing balance 150/0 & 25 % reducing balance Operating Lease Agreements Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the slatemenl of financial activiti¢s on a straight-line basis over the period of the lease. Pension Cosls The charity operates a defmed contribution pension scheme for employees. The annual contributions payable aTe charged to the SOFA. Financial Jnstruments Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into, An ¢quity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. 12
Pennywell Neighbourhood Centre Notes to the Unaudited Financial Statements Year Ended 31 March 2024 Donations and Legacies Total Funds 2024 Total Funds 2023 Unrestricted Restrieted Funds Fund5 Grants Receivable The Clothworkers The Bernard Sunley Ballinger Trust Tlie Community Foundation National Lotte.ry Coinmunity Fund Sir Jaines Knott Trust Bernicia Foundation Empower Community ZedTa Trust HSBC Screwfix Foundation Sir Johii Priestman Charity Trust Gartield Westoii The Edward Gostling Foundation The Hadrian Trust The Heniy Smith Chaity Greggs Foundation The Headley Foundation Poslcode Neighbourhood Lottery Sunderlaiid CC Greatham 14ospital Roseline Foundation Joseph Frazer Strong Trust The Joicey Trust Catherine Cookson Charitable Trust NHS Sunderland Gentoo The Barbour Foundation The Percy Headley 1990 Charitable Trust 7,000 4,000 10,090 15,350 60,718 15,000 7,494 4,790 3,000 3,500 6,000 5,966 68,083 7,566 29,839 13,532 97,922 15,000 15,000 5,000 1,000 1,000 1,000 25,0(K) 15,000 1,000 12,348 4.954 3,000 2,000 1,000 25,0(K) 15.000 1,000 15,000 12,348 4,954 3,000 2,000 1,000 12,310 1,000 3,000 600 27,138 500 27,138 27,138 5.000 5,000 500 500 497 224 394 202 490 The income from donations and legacies for the charity was £224.394 (2023.. £202,490) of which £108,897 was unrestricted (2023.. £62,578) and £115,497 restricled (2023.. £139.912). Income from Investments 2b Total Funds 2024 Total Funds 2023 Unrestrieted Restricted Funds Funds PNC r¢charge Rent Pennywell Medical Centre Northeast Dementia Care 44,000 15,651 27,245 44.000 The income from investment for the charity was £44,000 (2023: £42,896) which was all unrestricted in the current and previous year. 13
Pennywell Neighbourhood Centre Notes to the Unaudited Financial Statements Year Ended 31 March 2024 Income from ChArltable Aetlvltles Total Unrestricted Restricted Funds Total Funds Funds Funds 2024 2023 User Contributions NED Running costs Gift Aid 5,022 5,022 5,358 6,366 9.959 9.959 The income from charitabl¢ activities for the charity was £14,981 (2023.. £11,724) of which £14,981 was unrestricted (2023.. £11.724) and £nil was restricted (2023: £nil). 14
Pennywell Neighbourhood Centre Statement of Financial Activities Year Ended 31 March 2024 4 Total Expenditure Health and Family Suppvrt Basis of allocation Other Aetivities Totydl 2024 Total 2023 Costs directly allocated to aclivities Wages & Salaries Equipment Rates & Water Lit & Heat Insurance R¢pairs & Renewals pr0mMe Costs Travel PrAntin& Postage & StatK)nery Cleaning Telephone Miscellaneous Costs Staff Development Depreciation Legdl & Prof¢&sional Fe¢s Direct Direct Direct 68.051 68.051 63.785 28 ,186 762 1,527 9.146 Direct Direct Direct Direct Direct Direct Direct Direct 8.495 8,495 24 24 259 259 177 Direct D1ct Direct Direct Support costs allocated to gctlvlties Wages & Salaries Equipment Rates & Water Lighi & Heat Insurance Repairs & Renewals ProarnMe Costs Travel Printin& Postage & Ststionery Cleaning Telephone Miscellaneous Costs Staff Development Accountancy fees Legal & Professional Fees Profit/(loss) on Disposal Bad Debts Depreclation 15.362 66,306 3,038 1,991 2.037 6,718 1,939 993 18 382 81,668 3,038 1,991 4,490 6,718 4.721 1,509 18 382 71.927 1.986 1,948 10,401 5,758 14.355 1,151 76 2,453 2,782 516 505 1.496 1,370 1,791 684 2.866 1,791 876 2.047 1.979 1,026 192 4.860 2.175 4,863 7,904 9.723 10,079 8,707 10.361 6,394 18,888 16.613 16,613 Other activitles ¢ompri8e direct costs in reiation to Pennywell medal C¢nlre. The expendire on charitabk activities for tbe charity was £223,319 (2023.. £234,280) of which £116.647 was unrestricted (2023., £147,441) and £106.672 was restricted {2023: £86,639). 15
Pennywell Neigbbourhood Centre Notes to the Unaudited Financial Statements Year Ended 31 March 2024 staff Costs Total Funds 2024 Total Funds 2023 Staff costs were &s follows: Wages and salaries Social security Costs Pension cosls 139,091 5,683 4,945 126,696 4,324 4,692 19 12 No employee received in excess of £ 60,000 during the current or preceding year. The key management personnel of the charity comprise the trust¢es, the chief executive, and the health and well-being co-ordinator. The total employee benefits of the key management personnel of the charity were £83.800 (2023: £79,863). The average monthly number of employees during the year was as follows: Direct project workers Management and administration Trustees Remuneration Trustees received no remuneration and were reimbursed £nil (2023: £nil) for Iravel expenses during the year. Taxation The charity considers its activities to be exempt from corporation t&x by virtue of Section 466 of the Corporation Taxes Act 2010. 16
Pennywell Neighbourhood Centre Notes to the Unaudited Financial Statements Year Ended 31 March 2024 Tangible Fixed Assets Furniture, Olee & rixtures & general rittings equipment Cost At l April 2023 Additions Disposals Buildings Total 704,814 105.475 25,110 835,399 At 31 March 2024 704814 105 475 25 110 835 399 Dcpreciation At l April 2023 Charge for the year Disposals 493,846 8,318 57,145 7,250 22,260 573,251 1,044 16,612 At 31 March 2024 23 304 589 863 Net Book Value At 31 March 2024 At 31 March 2023 26_2 14 Fixed Asset Investm¢ntS Shares in group undertakings Cost At l April 2023 Disposal (i) Net Book Value At 31 March 2024 At 31 March 2023 18
Pennywell Neighbourhood Centre Notes to the Unaudited Finaneiydl Statements Year Ended 31 March 2024 io. Debtors 2024 2023 Trade debtors Other debtors Prepayments & accrued income 14,700 18,558 7,083 13,583 21 ii. Creditors: Amounts falling due within one year 2024 2023 Trade creditors Other creditors AcCalS & deferred grant income 1,228 11,894 33,018 2,235 10,705 32,476 140 12. Creditors: Amounts falling due after year 2024 2023 Deferred grant income 27,138 13. Unrestricted Funds Transfers between funds At31 Mareh 2024 At l April 2023 Income Expenditure PNC Fund Designated Funds PMC Fund NED Fund Capital Fund Redundancy Fund Propery Maintenance Fund 12 44,000 (11,137) (16,613) (3,189) 32,863 245.535 79,041 40,000 262,148 49,500 32,730 40,000 Total Unrestrieted Funds 428 167 87_9 116648 Unrestricted Funds- movement in previous year Transfers between funds At31 Mareh 2023 At l April 2022 ID¢ome Expenditure PNC Fund Designated Funds PMC Fund NED Fund Capital Fund Redundancy Fund 15,651 33,611 (7,090) (8,561) (17,055) (16,556) (18,888) 25,906 262,148 49,5(K) 49,500 255.130 033 Total Unrestricted Funds 18
PennyTrvell Neighbourbood Centre Notes to the Unaudited Financial Statements Year Ended 31 March 2024 13. Unrestrlcted Funds (continued) Purposes of Designated Funds PMC Fund This represents funds received from Pennywell Medical Centre in lieu of premises costs incuTred by themselves that are paid for by the charity. This represents the net book value of tangible fixed assets. Transfers are in respect of capital expenditure. This represents funds received from North East Dementia Care in lieu of pi'etnises costs Incued by themselves that are paid for by the charily. This represents funds held for tlie purposes of fului-e property maintenaiice require to keep the property al acceptable standard. This repre5ent5 funds lield t.or Putential redundancie5 if the entity is Linable to conlinu¢ op¢rat¢. Capital Fund NED Care Propety Maintenance Fund Redundancy Fund 14 Restricted Fund5 At l April 2023 Transfers between Funds At31 March 2024 Income Expenditure Revenue Funds PNC Family Support Adult Total Restricted Funds 10.547 104,236 (29,836) (67,523) 17,424 (76,836) 51,609 19.446 11,261 5,480 L106 672 Restricted Funds At l April 2022 Transfers between Funds At31 March 2023 Ineome Expenditure Revenue Funds Breakout PNC Family Support Adult Total Restricted Funds 10,196 37,500 50,784 (10,196) (17.157) (60,580) 10,547 (69,682) 89.128 19.446 47 19
Pennywell Neighbourhood Centre Notes to the Unaudited Financial Statements Year Ended 31 March 2024 14 Restricted Funds (continued) Purposes of Restrlcted Funds Family Support This represents fwids received toward5 the costs of providing support to families and par¢nts in the coininunity and work with men and women around confidence building and stress managiement. 15 Analysls of Net Assets BetiveeD Funds Unrestricted Funds PNC De51gnated Restrieted Funds Total Tangible fixed assets Debtors & prepayments Cash at bank Creditors 245,536 245,536 21,783 50,042 297,585 (27,138) (46,140) 21.783 95,640 (19,002) 151,903 Analysis of Net Assets Betiveen Funds- prlor year Unreslriet¢d Funds PIYC Designated Restrieted Funds Total Tangible fixed assets Investments Debtors & prepayments Cash at bank Creditors 262,148 262,148 32,141 236,972 (72,554) 32,141 157,479 (72,554) 49,500 29,993 20