commi&oion Charity Registration Number . 1005148 Pennywell Neighbourhood Centre Unaudited Financial Statements For the year ended 31 March 2025
Pennywell Neighbourhood Centre Index Year Ended 31 March 2025 Contents Pages Officers and Professional Advisers Trnstees, Report Independent ExamineT'S Report Unaudited Statement of Financial Activities Unaudited Balanc¢ Shc¢t io Notes to the Unaudited Financial Statements 11-20
Pellnell Neighbourhood Centre Officers and Professional Advisers Registered Office and Operational Address Pennywell Neighbourhood Centre Pennywell Shopping Centre Portsmouth Road Sunderland Tyne and Wear SR4 9AS Custodian Trustees Denise Haley Chief Executive Gary Brooks Trustees Julie Hanly Denise Haley Beverley Bulmer Sue Foster Peter Lovegrove Esdaile Boyling Leanne Moore Kevin Doran David Thompson Sharon GuDn Independent Exarniner A. M. Henshaw FCCA, Torgersens Avalon House St Catherine's Court Sunderland SR5 3XJ Bankers Co-operative Bank plc 516 Fawcett Street Sunderland Tyne and Wear SRI IRF
PennJTrvell Iyeighbourhood Centre Trustees, Report Year Ended 31 March 2025 The trustees present their report together with the financial statements for the year ended 31 March 2025. Referenee and Administrative Information Charity Name: Pennywell Neighbouthood Centre Charity Registration Number: 1005148 Registered Offjce and OperationaI Address Pennywell N¢ighbourhood Centre Pennywell Shopping Centre Portsmouth Road Sullderlalld Tyne and We SR4 9AS Custodian Trustee5 Denise Haley Management Committee Mcmhers Julie Hanly Denise Haley Beverley Bulmer Sue Foster Peter Lovegrove Esdaile Boyling Leanne Moore Kevin Doran David Thompson Sharon Gun Structur4 Governance and Management The organisation has existed since 1989, and its objects and regulations are regulated by a tst deed under which the Charity is constituted as an unincorporated association. It has been registered as a charity (No. 1005148) since October 1991. The conslitulion stales ihat 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 Sunderland in the county of Tyne and Wear [hereinafter 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 itnprove the conditions of life for the said inhabitants." Recruitment and Appointment of the ManageMent Committee The management COTnTnittee members are also the trnslees of ihe Charity. All members. save co-optees, are elected at ihe AGM. One of the key strengths of the organisation 15 that it is fimlly rooted in the community and is led by local people. The make-up of the Committee reflects this, with a majority of eight places 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 continuty and stabillty to the Committee. New members are recrnited by advertising around the area and by promoting the opportunity amongst Centre users. A fi]rther 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 rq)res¢ntatives from PNC.
Pennywell Neighbourhood Centre Trustees, Report Year Ended 31 March 2025 Trustee Induction and Tralning Most of the Comrnittee member5 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 orgallisations. In addition to this, trustees r¢ceive induction trdining focusing on th¢ constitution. the role of ihe Committee and its officers, and the need for DBS clearance5. A rolling programme of policy and procedure review ensures that the trustees have an opportunity to famlliarise themselves in detail with the Nnning of ihe 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 syst¢rn5 and procedurcs in place to address them. Thcse are subject to regular review, and include: significant external risks to funding, which have been addressed through a business plan and regular budget review internal control risks which are minin)ised through fanCial and operational procedures policies and procedures to ensure compliance with health and safety requirements and standard5 protection of children and vulnerable adults addressed by obtaining enhanced CRB clearances for trustees, staf( and volunteers, Working to Ofsted standard4 having relevant protection and recruitn)ent policies and procedures, and providing a programme of staff training. The Centre receives support and insuTaTJce relating to personnel and employment matters as well as health and safety from Black Mountain. 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 ¢o-optee& and these would nomially be individuals who can bring specific areas of expertise or who are representatives of organisations with whom the Centre wishes to strengthen its links. The day to day running of the Centre is delegated to a paid slaff 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 teatn meetings. Most staff attend bespoke training that supports professional developTnent. Related Parties The Charity has close links with Sunderland City Council to ensure that opportunities for professional development and guidance on slandards are accessed. Public Benefit Statement The trustees have had regard to the Charity's Commission guidance on their legal duty on public benefit, and are satisfied that the charity delivers public benefit" and due regard is paid to the guidance on public benefit wh¢n deciding on what new projects the charity should undertake. Missioll Statement "To improve the lives of our community through health and well-being services." The need we address and why this is important In Pennywell, widespread and chronic poverty ha5 led to a significantly higher than average occurrence of the following 4 challenges.. Poor physical health Poor mental health Isolation and loneliness Improving the ability to live independent
Pennywell Neighbourhood Centre Trustees, Report Year Ended 31 Marcb 2025 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 ejnergent physical and mental health issues such as wor general fitness. alcohol dependency and depression. The result of these challenges can include increased withdrawal from engagement in ihe community, growing social isolation and loneliness. Left unaddress¢l this siluation will often trigger a downwards spiral of increased substance use, reinforced social isolation and chronic illness. Many in our communily have lived this way for decades - ultimately resulting for a high proportion in life changing illness (cardio vascular issues, long tern) depression. higher levels of life threatening issu¢s such as heart disease, ancer, et¢). In short, many of Pennywell's residents are locked into a self-reinforcing cycle of economic deprivation, physical ill-health. declining mental health, incre&sing social isolation and re(luced personal resilieTJce. COVID-19 and now the cost of living crisis has amplified and exacerbated all of the above problems. For example, amongst our clients who already had flnancial difficulty there has been a return to previous unh¢althy behaviours, as they 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 undertake 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 others as a result. Dr. Wetherell concluded thal, 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, Pennywell residents report role limilations caused by physical or emotional factors that are significantly worse than average. The evaluated group also scored very poorly (when compared against the g¢neral population) in tem)s of general health, physical functioning, emotional wellbelng and social functioning. B) In a consultation with 43 project users in June 2023, 980/0 Stated that they believed that attending our Heath and Well-being Sessions helped to lower their stress. 930/0 Stated that the sessions help them with their anxiety. 950/0 confirmed that their confidence is helped. 730/0 Stated that they valued the social opportunlties afforded by our activities. Aetivities Our purpose is to support the most vulnerable in our Community to break the cycle described above, help th¢Tn to adopt healthi life habits and so improve their mental. physical and emotional health in the long tenn. Given the need to target resources, we design our programmes to supporting specific groups of vulnerable people. for example older people, often living alone or otherwise socially isolated, people with learning disabilities. families living in wverty and young people. Currently w¢ provide: I) HEALTH AND WELL-BEING 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 fitness, flexibility and improved mental health through mindfulness]; Down Memory Lane [focusing on social interaction]). 2) A GARDEN]NG CLUB. This gives users a sense of challenge, purpose and achievement. It provides physical artivity, fresh air and comradeship. The activities are inherently Mind7, absorbing and calming - and they keep people moving.
Pennve11 Neighbourhood Centre Trustees, Report Year Ended 31 March 2025 3) An ARTS PROJECT (including Texliles, Card Crafts, [helping to maintain manual dexterity] and Singing [this addresses social isolation, addTesses loneliness and has been proven to improve both rnental 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 ncw relationships. 'lThis leads to reduced feelings of loneliness and isolation and improved emotional and menta] wcll-being for the Peer Mentors - and contributes to improved nutrition. fitness and emotional health for the wider group. 5) PaTÈnership activities with other local charities, sucb as Pennywcll Cornmunity Cenre and North East Dementia Care- joint events and activities (e.g. Christmas cclebration. school holiday activities). 6} THE BREAD AND BUTTER THING is a food surplus distribution charity that offers a weekly shop for just £8.50. Funded by Gentoo, Pennywell Neighbourhood Ccntre was the first hub to open in Sundcrland on 9th November 2022. It provides local residents with the opportunity to sign up and gain access to an average of £35 worth of items, including fresh fruit and veg, fridge favourites and cupboard staples. 7) LtNKS FOR LIFE PROJECT. This delivery is a continuation of the Welcome Spaces project. They are places where people can gather foT free in a warn), safe, welcoming place and enjoy a hot drink. some food, some activities and some company. We work alongside Sunderland City Council and 32 other voluntary, community and social ent¢TiSe organisations as part of a network of Links for Life providers across Sunderland. The netWOTk of providers allows us to signpost any attendees who may need advice or practical solutions with debt, managing utilities, help with housing and more. Strategic Goals The 4 strategic goals for the organisation set 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 creating brand new service5 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 gencral and in particular the Health and Well-Being Ski115 Programme is fundamental to its long-tenn success and the ability of the organisation to d¢liver activities essential to local r¢sid¢nts and those who trav¢l in to th¢ area to access our services. Good Govemance We also need to maintain good governance of the organi5ation through the introduction of new local management committee members. allowing long-terni committee members the opportunity to move on and rnaking sure all committee members have the inforniation they need to make decisions. We need to have a strategy in place for recntitment and selection of new committee members.
Pennywell Neighbourhood Centre Trustees, Report Year Ended 31 March 2025 Marketing and Promotion Finally, we need to develop and adopt a marketing strategy that includes plans for improving our website, increasing our social media presence and making sure everyone who would benefit from our service5 knows about our services. Aehievements and Performance Health and Well-Bein ramme During the course of this year we have offered activities thai promote healthy living, the acquisition of life skills, independence and engag¢m¢nt with neighbours. Our projects are designed around sessional programmes. These vary based on the needs and the expressed wishes of our useT5 and are described in more detail above. Our pmgramme place5 a strong emphasis upon celebrating achievement and enswing that the gains our servtce users make are recognised by their families and the wider community. We have now been awarded a further three years of funding for this project frorn the National Lottery Community Fund. This major funding will take the project through to June 2028. North East Dementia Care Our tenan¢ who signed a new lease in 2025 that Tuns until 2028. They offer day care support to people living with Detnentia in Sunderland and the surrounding areas. Day care includes; stimulating activities, hot lunch and transport. We have developed a strong working partnership with them since they moved in. Links for Life Extension funding for this project has been obtained and this will now run until the end of March 2026. Marketin Our website, www.pennywellnc.org was updated in 2025 10 reflect any chang¢s to our seryice delivery. Financial Review Against a continuing background of reduced funding across the county as a whole with the end of funding progrdmmes, the cutting of fvnding from government, the impact of the cost of living crisis and increased pr¢ssures on grant funders, the Centre's main priorities have been to address shortfalls in core funding. and to iry to secure the sustainability of its key services by looking at our income generation strategies. Princi al Fundin Sources With regard to the core funds the Centre has been fortunale in receiving support from NHS Sunderland Clinical Commissioning Group until March 2025. Taken together with rental income from North East Dementia Care, this 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 tsnding from the National Lottery Community Fund, Awards for All, Community Foundation, Garfield Weston, Sir John Priestman Charity Trust and Sunderland City Council Links for Life. Also, smaller grants and in kind donations have also made a huge impact. This year we benefited from continued funding from the Joseph Strong Frazer Trust, small grants from the Hadrian T[ ASDA Foundation, Music for All, The Joicey Trust. Sabina Sutherland Charitable Trust, Hospital of God, Leslie and Lillian Manning ChaTiLqble Trust, Percy Hedley 1990 Charitable Trust and King Charles Ill Fund, and other small fundraising activities.
Pennywell Neighbourhood Centre Tn]stees' Report Year Ended 31 March 2025 Investment Polic Currently no reserves are invested and this will continue to be Teviewed aJ)nually. Reserves Polic The Management Committee has established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets held by the charity should be approximat¢ly 6 months of running costs - which cUentlY equates to roughly £1 00,000. At this level the Managcmeni Committee feel they would b¢ able to continue ihc cuent activities of the charity in the event of a significant drop in fimding until lost fimding could be replaced or alternative busines5 plans drawn up. Plans for Fulure PeriDd5 The organisation will continue working to obtain alternative sources of funding to make sure the organisation is sustainable in the long icrni. Other funding and sources of income will include rental of office sp¢ to other organisations and more advertising of the space will be 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 Iste¢S of the Charity, and who served during the year and up to the date of this Teport are listed at the beginning of this report. Statement of the Management Committee's Responsibilities for Financial Statements. The Charities Aci 2011 requires the Management Committee to keep proper records of accounls with respect to the affairs of the charity, and prepare stalements of account for each aountIng period consisting of a slateTnent of fmancial activities and a balance sheet. The Management Committee are also responsible for safeguarding the charity's assets, and hence for taking reasonable steps for the prevention and detection of eor, fraud. and other iegUlar1ties. In preparing the financial statements the Management Committee are expected to,. Select suitable accounting policies and apply thetn consistently, making judgements and estimates that are reasonablc and prudent. Following the recomrnendations of the Charity Commission and of the accounting profession with regard to the forn] and content of the fmancial statements or to disclose and explain any departures therefrom" and Prepare the financial statements on the going concern b&8is unless it is inappropriafr to assume that the charity will continue to meet its objectives. Examiner The examiner. Mrs A. M. H¢nshaw of ToTgersen4 will be proposed for re-appointment at the Annual General Meeting. This r¢port was approved by the truslees on Signed on behalf of the trustees by Name '.ILi NJL Date
Independent Examiner's Report to the Trustees of Pennywell Neighbourhood Centre Year Ended 31 March 2025 I report on the financial statements of the Charity for the year ended 31 March 2025 which are set out on pages 9 to 20. Respeetive responsibilities of trustees and examiner The Charity's Twsfres 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 independent examination is needed. It is my responsibility to: exarnine the financial statements under section 145 of the 2011 Act. • to follow the procedures laid down in the General Directions given by the Charity Commission under section 145 (5} (b} of the 2011 Act. and • to slate whether any particular matters have come to my attenlion. Basis of ind¢pend¢nt examiner's statement My examination was carried out in accordance with the General Directions given by the Charity Commission. examination includes a review of the accounting records 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 truslees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audiL and consequently no opinion is given &s to whether the accounts present a "trne and fair view" and the report is limited to those set out in the statement below. Independenl examiner'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 respect the requirements: • to keep accounting records in accordance with section 130 of the 2011 Act. and • to prepare aountS which accord with the accounting records and comply with th¢ accounting requirements of the Charities Act have not been met. or {2) to whicli, in my opinion, attention should be drawn in order to enable a proper understanding of the flnancial statements to be reached. M. Henshaw FCCA Torgersens Chartered Accountants Avalon House St Catherine's Court Sunderland SR5 3XJ Date: zj loilzG
Pennywell Neighbourhood Centre Unaudited Statement of Financial Activities Year Ended 31 March 2025 Total Funds Total Funds 2025 2024 Unrestricted Restricted Funds Funds Nots Ineome and Expenditure Income Income from generdtcd funds Donations and legacies Income from investment Income from charitable activities 48,0(Y) 33,471 8,231 125,767 173.767 33,471 8,231 224.394 44,000 14.981 2b Total income 125 767 215469 283 375 Expenditure Expenditure on charitable activities (154,851) (86,780) (241,631) (223,319) Total expenditure 154 851 241631 223 319 Net incomel(expenditllre) (65,149) 38,987 (26.162) 60.056 Transfers Trdnsfers between funds 12 Net movements on funds (65,149) 38,987 (26,162) 60.056 Total funds brought fonvard 495,860 22,904 518,764 458.708 Total funds earried forward The noles on pages 1110 20formpart of these unaudtsedfinanclalslalements
Pennywell Neighbourhood Centre Unaudited Balanee Sheet As at 31 March 2025 Note 2025 2025 2024 2024 Fixed Assets Tangible assets 230,928 245,536 230,928 245,536 Current Assets Debtors Cash at bank and in hand 11,490 274,252 21,783 297,585 Total eurrent assels 285,742 319,368 Liabilities Creditors: Amounts falling due within one year io Net eurrent assets 261,674 273228 Total net assets Unrestricted fund5 General fund Designated funds 96,073 334,638 98,421 397,439 430,711 495,860 Restricted funds Revenue 12 61.891 22,904 These unaudited fanCIal statements were approved by melnbers of the committee on the and are signed on their behalf by: Trustee Name The noles on pages 11 to 20formpart of Ihese unaAdltedfinanelalslatements 10
Penn)Ivell Neighbourhood Centre Notes to the Unaudited Financial Statements Year Ended 31 March 2025 Accounting Policie5 Basis ofPr¢paration These unaudited financial statements have been prepared under the historical cost convention and in a¢¢ordance with.. the Statem¢nt of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Stsndards applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS102)). ii) the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) iii) the Charities Act 201 The unaudited financial statements are prepared in sterling, which is the fimctional currency of th¢ charity. Monetary amounts in these unaudited financial statements are rounded to the nearest £. Going Concern There are no material uncertainties about the charity's ability to continue. FundAcGounting Funds held by the charity are used for: Unrestricted funds comprise those funds which the trnstees are free to use in accordance with the charitable objectives. Designated ndS are unrestricted fLmds earnlarked by the trustees for particular purposes. Restricted funds are funds which are lo be used for specific pulposes as laid down by the donor or by specifi¢ tern]s of the appeal under which the fidS are raised. Expenditure which meets these criteria is charged to the fund, with a fair allocation of management and support Costs. Donalions Ld LegL7cies Donations and legacies are recognised in the Statement of Financial Activities 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 Funds, whilsi 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 perfonnance before the charity is entitled to the funds, the income is deFeffed and not recognised unlil 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 fulf)Iled in the reporting period. When income from the grant is received that has time-related conditions attached and the charity is not entitled to spend that income in advance of its budgeted y&v(s) without the further Prior approval of the grant-maker then the grant is deferred. Incomgfrom Investments Bank interest is included in the Statement of Financial Activities on the a¢cnLa15 basis.
Pennywell Neighbourhood Centre Notes to the Unaudited Financial Statements Year Ended 31 March 2025 Aeeounting Policies (continued) LeasedAssets The company acts as a lessor of its land and buildings. Rentals received under these operating leases are rccognised as income on a straight-line basis over the lease tern]. Expendilure All expenditUTe is included on an accnlS basi5 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 a5 set out in note 4 to these unaudited financial statements. Support cost5 includcd in expenditure are allocated in specific activities on the basis set out in note 4 in these unaudited f]nancial statements. FixedAssets All fixed assets are initially recorded at cost. The trustees have agreed to capitalise assets of more than £300. any assets below £300 will be included as expenditure in the statement of fmancial activities. Donated assets are capitali5ed at their market value, as estimated by the trustees, when they are received. The CoespOnding credit is included wiihin donations and legacies under Income from Generated Funds. Deprecialion Depreciation is calculated to write off the cosL less estimated residual value, of tangible fixed assets over their estimated useful lives. The annual depreciation rate5 and methods used are as follows".. Buildings Furniture, fjxtures and fittings Office and general equipment 20/0 straight line 15 % reducing balance 15 % & 250/0 reducing balance Operuling 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 statement of financial activities on a strdight-line basis over the period of the lease. Pension Costs The charity operates a defmed contrilTrution pension scherne for employees. The annual contribution5 payable are charged to the SOFA. Financial Inytruments Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity 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 2025 Donations and Legacies Total Funds 2025 Total Funds 2024 Unrestricted Restricted Funds Funds Grants Reeeivable The Community Foundation National Lottery Community Fund - RC North East and Cumbria Region Cost of Living Fund - Awards for All - Community Support Worker Garfield Weston The Iladrian Trust The Henry Smith Charity Greggs Foundation The Headley Foundation Postcode Neighbourhood Lottery Sunderland CC Greatham Hospital Roseline Foundation Joseph Frazer Strong Trust NHS Sunderland Th¢ Barbour Foundation The Percy Headley 1990 Charitable Trust Sir John Priestman Asda Foundation Frazer Trust Leslie and Lillian Manning Charitable Trust Music For AII The Morrisons Foundation The Catherine Cook Charitable Trust The Joicey Trust Sabina Sutherland Trust 2.650 2,650 13,532 56,048 56,048 58.083 29.839 i 0.000 10,000 10,000 20.000 1,000 25.000 20,000 15,000 1,000 25.000 15,000 1,000 12,348 4,954 3,000 2,000 1,000 27,138 5.000 500 1,000 25,000 14,950 14,950 27,138 27,138 500 6,000 1,600 500 6,000 1,600 1,000 1,000 1,600 1,781 500 2,000 1,000 1,000 1.000 1,600 1,781 500 2,000 1,000 125 767 173 767 aLi4 The income from donations and legacies for the charity was £173,767 (2024.. £224,394) of which £48,000 was unrestricted (2024: £108,897) and £125.767 restricted (2024: £115,497). 2b Income from Investment5 Total Funds 2025 Total Funds 2024 Unrestricted Restricted Funds Funds Rent Northeast Dementia Care 33,471 33.471 44,0 The income from investmeni for the charity was £33,471 {2024: £44,000) which w&s all unrestricted iTJ the current and previous year. 13
Pennywell Neighbourhood Centre Notes to the Unaudited Financial Statements Year Ended 31 March 2025 Income from Charitable Activities Total Unrestrlcted Restricted Funds Total Funds Funds Fund5 202S 2024 Us¢r Contribution5 Gift Aid 8231 ,231 5.022 9,959 14 The income from charitsble activities for the Charity was £8,231 (2024: £14,981) of which £8,23 L was unrestricted (2024.. £14,981) and £nil was restricted (2024: £nil). 14
Penllywell Neighbourhood Centre Notes to the Unaudited Financial Statements Year Ended 31 March 2025 EIpenditure on Charitable Activities Health and Family Support Other Aetivities Total 2025 Total 2024 Costs directly allocated to activities Wages & Salaries Rates & Water Light & Heat Insurance Repairs & Renewals Programme Costs Printing. Postsge & Stationery Cleaning Miscellaneo$ Costs 71,360 4,094 397 5,201 822 2.318 75,454 397 5,201 822 2,318 11,655 68,051 11.655 8,495 24 259 1,375 161 14,368 1,375 161 97,383 83,015 76,836 Support Costs allocated to activities Wages & Salaries Equipment Rates & Water Light & Heat 81,404 1,724 1,826 3,643 5,590 3,649 831 36 464 2,613 1,851 900 390 4,974 15,666 14,922 140,483 81,404 1,724 1,826 7273 5,590 3,649 966 36 464 2,613 ,851 900 390 4,974 15,666 14,922 144,248 81,668 3,038 1,991 4,490 6,718 4,721 1,509 3,630 Repairs & Renewals Programme Costs Travel Printing, Postage & Stationery Cleaning Telephone Miscellaneow Costs Staff Development Accountancy fees Legal & Professional Fees Depreciation 135 382 2,806 1,791 876 9,723 10,079 16,613 146,483 3,765 86,780 154,851 241,631 223,319 The eXndItUre on the charitable activities of the charity was £241,631 (2024: £234280) of 1¢h £154,851 was unrestricted (2024: 116,647) and£86,780 was restricted (2024.. £106,672) 15
Pennywell Neighbourhood Centre Notes to the Unaudited Financial Statements Year Ended 31 March 2025 Staff Costs Total Funds 2025 Total Funds 2024 Staff costs were as follows.. Wages and salaries Social security costs Pension costs 146.076 7.515 3,266 138,590 6.184 4.945 No employee received in excess of £ 60,000 during the cuent or preceding year. The key management personnel of th¢ charity comprise the trustees, the chi¢f ¢xccvtiv¢, and thc health and well-being co-ordinator. The total employee benefits of the key management personnel of the charity were £86,870 (2024.. £83,800). The average monthly number of employees during the year was as follows: Direct project workers Management and administration Trustees Remuneration Trustees recelved no remuneration and were reimbursed £nil (2024: £nil) for travel expenses during the year. Taxation The charity considers its activities to be exempt from corporation tax 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 2025 Tangible Fixed A55ets Furniture, OITice & rixtures & general rittings equipment Buildings Total Cost At l April 2024 Additions Disposals 704,814 105,475 314 (6,112) 25,110 835,399 314 (760) (6,872) At 31 March 2025 24 350 828 841 Depreciation At l April 2024 Charge for th¢ year Disposals 502,164 8,319 64,395 6,387 (6,112) 23,304 589,863 216 14.922 (760) (6,872) At 31 March 2025 510483 22 760 597 913 Net Book Value At 31 March 2025 At 31 March 2024 41 Debtors 2025 2024 Trade debtors Other debtors Prepayments & accrned income 4.396 958 6,136 14,700 7,083 io Creditors: Amounts falling due within one year 2025 2024 Trade creditors Other creditors Accruals & deferred grant income 3,281 266 20,521 1,228 11,894 33,018 14 17
Pennywell Neighbourhood Centre Notes to the Unaudited Financial Statements Year Ended 31 March 2025 li Unrestricted Funds Transfers betsveen funds At31 March 2025 At l April 2024 Income Expenditure General Fund PNC Fund Designated Funds NED Fund Capital Fund Redundancy Fund Property Maintenance Fund 32,863 245,535 79.041 40.000 33,471 (14,368) 51,966 230,928 51,744 {14,607) (27,297) (40,000) 397 439 14 Total Unrestricted Funds 154851 Unrestricted Funds- movement in previous year Transfers between funds At31 March 2024 At l April 2023 Income Expenditure General Fund PNC Fund Designated Funds NED Fund Capital Fund Redundancy Fund Property Maintenance Fund 123 879 •9J. C6LO) 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 Unrestricled Funds 42 495 860 Purposes of D¢signaled Funds Capital Fund This represents the net book value of tangible fixed assets. Transf¢rs are in respect of Capital expenditure. This represents funds received from North East Dementia Care in lieu of premises costs incurr¢d by themselves that are paid for by the charity. This represents fi]nds held for the purposes of future property mainlenance require to keep the property at an accepiable standard. This represents n0$ held for potential redundancies if the entity is unable to continue operate. NED Care Property Maintenance Fund Redundancy Fund 18
Pennywell Neighbourhood Centre Notes to the Unaudited Financial Statements Year Ended 31 March 2025 12 Restricted Fund5 At l April 2024 Transfers between Funds At31 March 2025 Income Expenditure Revenue Funds Family Support Adult 22,904 125,767 (86,780) 61,891 Tolal Restricted Funds Restrieted Funds- movement in previous year Al l April 2023 Transfcrs belween Funds At31 March 2024 Income Expenditure Revenue Funds Family Support Adult 29.993 115,497 (106,672) {15,914) 22.904 Total Restricted Funds 115497 14 Purposes of Restricted Funds Family Support This represents fuTJds received towards the costs of providing support to families and parents in the community and work with those who need confidence building and stress management. 19
Pennywell Neighbourhood Centre Notes to the Unaudited Financial Statements Year Ended 31 March 2025 13 Analys15 of Net Assets Beliveen Funds Unrestricted Funds General Designated Rtricted Funds Total Tangiblc fixed assets Debtors & prepayments Cash at bank Creditors 230.928 5.475 99,830 (1,595) 230,928 11,490 68,242 274,252 (6.351} (24,068) 6.015 I06,180 (16.122) Analysis of Net Assets Between Funds- prior year Unrestricted Funds General Designated Restricled Funds Tolal 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 518764 14. Related Party Transaetions No transactions with related parties were undertaken such as are required to be disclosed under the Financial Reporting Standard 102, 15. Operating Lease Commitments The total future minimum lease payments under non-cancellable operating leases are a5 follows: 2025 2024 Not later than l yeaT Later than l year and not later than 5 years More than 5 years 580 1,450 7,083 29,617 20