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 t￿SteeS 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 occU￿ence 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 mind￿lnesS]. 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 re￿UItMent 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 engit￿e1nent 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
cU￿entlY 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 a￿oUnting 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
I￿egular1ties.
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 a￿d 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</i>/.

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
Ex￿ndItUre
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
Li￿t & Heat
Insurance
R¢pairs & Renewals
pr0￿mMe 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
D1￿ct
Direct
Direct
Support costs allocated to gctlvlties
Wages & Salaries
Equipment
Rates & Water
Lighi & Heat
Insurance
Repairs & Renewals
Pro￿arnMe 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 med￿al C¢nlre.
The expendi￿re 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,
O￿lee &
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
AcC￿alS & 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 Incu￿ed 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