Chablty regl8tra11on number 1090185 Company Yeglstrallon number 041326521Engl•nd •nd Walo$) THE PENDRAGON COMMUNITY TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
THE PENDRAGON COMMUNITY TRUST LEGAL AND ADMINISTRATIVE INFORMATION MrsEAv Mr L lQrby Mr S H Palw8ki MrJFry Mr D A Kerfoot CBE DL Mr D W Hoggett Mr M J Searte Mrs E Vthle E Wight (Appointed 19 Marth 2024) (Wintad 19 March 2024) Charfty number 1CW185 C¢)mpany number 04132 Prfnclpal addrn88 Unil 15 Omega Business Vdlage North Yorkshire DL6 2NL Ragl8tsred offlce Unit 15 Omega kntness Vdlage Thursti)n Road Northallert Ntylh Yothire DL6 2NL Independent examlner Xetna<fjn Oak HSe, Mark& Place North Y(*kshlre DL8 1AQ
THE PENDRAGON COMMUNITY TRUST CONTENTS Page Chalrparnon'8 Statement 2023 Tru8tee8' report IndePendt examlne¢• rnport Statement of llnanclal 8alvlilo9 Balance theet Note8 to the flnandal stalements 8-15
THE PENDRAGON COMMUNITY TRUST CHAIRPERSON'S STATEMENT 2023 FOR THE YEAR ENDED 31 DECEMBER 2023 As Chaifperson of the Pendragon Community Trnst, l am pleased lo present our annual slatement for 2023. The Trust continues to provide essential seNic8S to chlldren and aduhs with leamlng dlsabiliti8s across North Yorkshtre. Our Multi-sensory Centra In Northallerton offers a safe, indusive space for Individuals with additional needs. their famllles, 8nd carers. Equipped vth holstlng end changing facilities, the centre offers a range of sensory experiences and therap8Utlc acllvities atmed at enhancsno development and welkbelng. This year, the 10K Pendragon Run was a major su(xess. vAth the large8t number of entrants slnce Its Inception. This rellects the strong support of the local communlty and their commttment to our cause. Wva look foThvard to bulldlng on thls success In future events. &nc8 becoming Chelrperson, mud) of my foujs has been on updallng the Twsfs IT InfrastruthIre wllh the invaluable support of Razorblu8. an IT fimi based in Catterick Gaffison. Razorblue specialises in providing managed IT 8eNices, Induding doud solutions and cybersecurlty. Their guidance has been Ins1rumentsl In rnodemising our systems and preparfng the Trusl lor fuiure lechnologlcal demand& Since the year end. we successfulty Introdu a SharePoint envlronment to streamline operatlons. SharePoinl has enabled better ryjllaboration among stsff and Trustees. ensuring secure document shaing and improved wothftow effiaency. Thls plaifomi is helplng us to enharts our governan processes whi18 SUPPOrting staff In their day- day roles. We have also deployed mime3( a le80lng em8113ecr1ty service. Mimecgst plays a ¢yu(xal role in protecting the Trust from cyber Ihreals, induding phishing and malware attacks. This has strengthened our Communi110n security and ensured that sensitive tnformallon remalns protected. Furtherniore. we have created confidential emall addre88es for all Trustees and staff, and have reviewed our compllance policies, tndudlng the use of moblle devlces by staff, to maintain the highest standards of 8euJrfty and operationd integrity. On the financial front, it 15 encouragirvj to See that the Trust continues to maintain )Inanci81 reserves. However. in the year ahead. we will fo(yJs on infxeasing our fundraising adivrties to ensure that the runnlng costs of the charity are adequately supported. This indudes revenue generated through the centre's activities. Our aim is to keep the cost of our seNices as low as realistir2lly posslble while providing a hIghUatty expwience for our users. are deepty gratefvl to all Ihose who donate and support the Pendragon Community Trusl: their contributlons are vltal to the continuation of our important w Kate Ross, who has lolned us In 2024 as our Accounts and Finance Manager. is perfoThning an important role In helping us manage our budgeting. fjnanaal reporting. and forecasting. Her Vrk is supporting the T1 in maintaining sound financial practices as we continue to plan for the fijture.
THE PENDRAGON COMMUNITY TRUST CHAIRPERSON'S STATEMEKf 2023 (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 We are delighted to wdcome Emma Ight and ElearK>r V4tsde as Trustees this year. Both Emma and Eleanor bling fresh energy and significant eVien in and fundraising. which we bthve will be instrumentsl in driving Ihe Trust forward. Their cributIOnS will be key to expanthng our fundrai•ng efforts and raising the profile of the Trust as we look lo broaden our im Looking ahead lo 2025, one of our wiorilies vnll be the appOinttt of additional Truslees to strengthen our board. This wtll help ensure we have the and expert'se lo contiwe delivering on our mission and managing Ihe ongolng developnrt of the TrusL This year, we have also undertaken a thor<yJgh revi of the aMOYme eontrads for 91 existing staff. These contra&s have been updated to refleca the latest legislative requirwnents, ensuring that ow pofKies and prarti are In fvll MplIan with rrent employment law. This review has helped to ensure thai we continue to provide a supporfive and f8lr vthing environment for all rnern of cmjr leanL I would Itke to exmd my thank5 to our tre Manager, Jua and her dedicated leam. whose hard work and professionalism are vital to the susS of our day4frday operations. I would also lll(e to express my gratitude to all ourTrustees for their wing (a)Mmiti) and stratw guidanr. Wth the continued support of ¢)w community and the dedication of our staff and Twste88, l am confident that we are wdkposlli¢)ned to meet the d)allw and OPnItIeS that be ahead. Thank you for yow conlinued supwL Jonathan Fry Chairperson and Tru8tse Date: 25 Smbw 2024
THE PENDRAGON COMMUNITY TRUST TRUSTEES. REPORT IINCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 DECEMBER 2023 The Trustees present Iheir annual report and finarKaal sLitements for the year ended 31 December 2023. The financial statements have been prepared in accordance wilh th8 accounting policies set oul in nole 1 to the Ilnan(yal statements and comply with the thaiiivs Memorandum and Artides of Assoaation the Companles Act 2006 and °AccOunn9 and Reporting by Charities: Slatement of Recommended Practice appiicable to tharities preparing Iheir aCUnIS in accordance with the Finan(aal Reporting StaThdard appllcable In the UK and Republlc of Ireland {FRS 102)° (effeLlive 1 January 2019). Objectlves and actlvlties The Pendragon Communlty Trust has estsblished a local non-r88id8ntlal fadlty for people wlth special needs. The trust has constructed a purpose buitt 8en$ory ¢entr8 to provide stimulation to those with profound leamlng dlfficufties, whlth opened In Juty 2016. The trustees and stsff work together to develop the charlV8 Strategic plan. from which PriOTities are set and speafic WOTk plans devised. Throughout this process the twstees have regard to the chartty commission's guidance on pubfjc benefft enwre thal all sery1 meet those uiteria. The Pendragon Community Trust alms to provide a quality day $eNlce for those wlth more profound learning disabiliknes which is focused on a Sensory Centre that provides a stimulating range of therapeutic and developmental actbvttie$ and support for both adults and children by creating a spiritual. caring. stimulating and Inspiring envlronment in whith the benefiaaries and Iheir carers can Ilve rid) and fuffilllng1Sves. Publlc benefft st tement The Centre has now over 2.000 indiiiduals who have used the facllty slno it was opened In Juty 2018. They comè from as far as Hartlepool in the North to Wakefield in the South. The ratio belween adult and children with special needs who attend the Centre remains at 2.1. The trustees confim) that they have complled thith the requlrements of section 17 of the Charltles Ad 201110 have due regard to the publlc benefrt guidance published by the Chaiity Commission for England and Wales. Athlevements and porfornian¢e As mentioned in the Chairperson's report, a¢Xlvilles have increased durlng the year. Booklngs of the Sensory Room and income derived from functions were up £12.783 . Donations make up the remainder of income resources. and have decreased this year due to fewer one off donalions being rec8ived. The Twstees acknowledge the positive effect of the 10K Northallerton run on bolh incomlng re80urce8 and publi(ity for the d)8rlty, th18 18 expected to continue going foThvard8 as the event grow8 in fuiure year8. Flnancial rnvlew The tharity generated income in the year of £111.818 (2022 - £109.910) and incurred expendilure of £124,908 022- £123.04n, resulting in net expenditure rePtsd of £13.090 (2022- £13,137). As at 31 December 2023 the 18ritys totsl funds amounted to £509.629 (2022 - £522.719). Cash reserves were £228.929 as at the year-end (2022- £225,580). ReseThes policy The usual poficy set by the trustees is for seIe$ to be mainlained equivalent to 6 months of operaling expenses, The arnount is calculated using the forecast budget expenditure for the finan(aal year ahead. The trustees believe that this would enable the trust to continue its core seNices and obllgadons in th8 event of a su¢len loss of funding. Free reseNe8 accumulated in excess of the minimum can be used at the discyetion of the truslees for the development of the trust. The pollcy Is reviewed annually.
THE PENDRAGON COMMUNITY TRUST TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) {coKfiNUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Flnanclalrfsk managemenl The dlrectors have reviewed the major strategiq business and opwational risks whith the company faces and nfimis that systems have been estsbushed to enable regular reports to be produwl so Ihat the necessary steps can be laken to mrkngate th088 risk8. Rig(Jrous control of aiAual expenditure against Ixmlgeted o)sts are reviewed at each trustees meetlng wllh a ¥1 to c(wthllng any ovrywKI. Struciur•i govemanca and manAgem••rt The d)anty is a company Ilmited by guarantee Sharè CA 8nd18 therefte gov•ned by • Mem(Trndum and Artkle8 of A88odatlo The tru8tee8. vtho are also the dlredm for tIN8 purpose of cwry l•w. and Served during thèyear and up to the d818 of 81gnatsire of the tlnandal Itateffl wern.. Mrs E Averfs Mr L Klrby Mr S H P8nsl MrJFry Mr O A Kerfool CBE DL Mr D W Hoggett Mr M J Searfe Mr8 E K&de Mr8 E Imight (Appoknled 19 March 2024) (Appolnted 19 March 2024) Recwifment and 8ppolnlm8nl of twstees The direclors of the company are a180 tharty tru8tee8 for the pry of tharty law under the c¢ynpanV8 Artkle8. The minimum number of truth8 is three (2022: 3). Trustees are reUted Ihrough a variety of Source8 and mea but malnty due to the exlensfve conlad$ and netrkS Ihe ofte of the tru&le88. A rde deKrfplth been prepared f¢X th080 Intern8ted in becomiThJ a trusteè. None of the Tru8tee8 has any beneficial Interest In the company. M of the Trustee8 are member8 01 the company ond guarantse to contrtbute £1 in the avenl of a ndIng w>. en a potentio1 tru8tee18 Idenofied, the Board of Tru8te88 wlll then me61 wlth tha Indivldual lo dl8cus8 the role fvrther. The Indlvidual will be briefed on Ihe work of the ITUS( shwn relevant foundation paperworf( (ie Memorandum ofAssociaiion) and taken to see Ihe proieca to leam more. Folltrwing this Ihe candldate wlll be Invited lo attend part of a Irustees, meetlng.ll the trustee8 are in agreemwrt, then the candidate will be fomwlly offered the ml8 and asked to con8ider becoming a trustee. If they accept, they wal then be fully appointed at the next trustees, meeting. A process of induction then fcAltyws as the indi¥ual begins lo get involved in the w<xk of the Trusl, maklng us of thelr unlque skllls and relevarrt net¥. The s apwoved by the Boawd ofTnMtee8. Mr L lfjrby TnMte• 25 Septwnber 2024
THE PENDRAGON COMMUNITY TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE PENDRAGON COMMUNITY TRUST I report to Trustees on my examlnation of the fKaal statments Communty Trust for tha year ended 31 December 21Y2 Ro$poMlbllSlI and I81$ rf report As the Trustees of the tharity (and also Its dlrecaorn for the purpose8 of cunpary I) you are responsible for the preparatlon of the )InancW Statem In accothca wilh the requlrennts of the C(xnpanle8 Ad 20rB (the 2008 Having satisfied my¥elf that the fmanclal 8tatern of the tharlty are not requtred to be audi under Part 18 of the 2006 Act and are eligible for Independent examlnation. I report in resped of my examinatlon of the tharit¢s Ilnanuat statsments c8rried (wt under sectton 145 of the Charities Act 2011 Ohe 2011 Act). In carrylng out my oxamSnatlon I have followed atl the appllcable Dire¢llons gmven by the Chanty Commlsslon under 3ectlon 145(5)(b} ofthe 2011 A Indopand•nt examln•rf• 8tstom•nl I have o)mpletsd my exarninatlon. I confinn that no matters have o)me to my attentlon In conneclton wllh the •xamlnatlon glvlng me c8use to belleve that In any mateftal re8pocL accountlng records were not kepl In respect of the charlty 88 requknl ty lec1k 388 of the 2008 A¢ or the financlal Ststements do nol ac(¥)rd with those r8¢rds: or the finandal Statements do not compty 4th the accounllng requlremMts of 88dlon 398 of the 2006 AGt other th8n any requlrement that the accounts glve a true arml falr vknv vthSth Is not a Matter con8tdered a8 Part (rf an Independent examinatlon; or the finand81 Jlatement$ have not bew prepwed In accwdgnco wlth Ihe nthodS and 1ndp1a• of the Statement of Recommended Pra(8 for accountlng and reportlng by c*ar18 appllcable to tharltles preparing their acc¥Junts In aC(%r wlth the Flnancaal RepIng Standard applicable In the UK oTrd Republic of Sreland (FRS 102). I have no concem8 and have come a(xo88 no other matters in o)nnedion wilh the examination to which attention e dra%w) In thii report In rder to enable a proper understanlkng of Ihe Ilnandal statemeth to be reached. Deborah Flotcher FC Xelnadln ACuntants Oak House, Market Place Bedale North Yorkthi 0L8 1AQ Dated: 27 September 2024
THE PENDRAGON COMMUNITY TRUST STATEMENT OF FINANCIAL ACTMTIES INCLUDING INCOME AND EXPENDrruRE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2023 funds 2023 funds 2023 funds 2022 funds 2022 2023 2022 Incom• from: Donations and legacies Charitable activltles Other tr8dTng a(ivibes Investments 35,657 35.657 69.209 2.724 4228 47,330 3.100 50.430 2,724 2.180 2.180 Total Income 111.818 111,818 106.810 3.100 109,910 Raing funds Charftable actlville8 Other expendlture 12.301 112.e07 12.301 111807 9.K17 111.126 2.014 111,126 2,014 io Totsl expendlture 124.908 124.908 123.047 123.047 Net •xpendlturn (13.090) {13,090) (16,237) 3.100 (13.137) Transfers betwe funds 2.585 (2,585) Net movement In funds (13.090) (13.090) (13.652) 515 (13.137J Re¢onclllatlan of lund8: Fund balances at 1 January 2023 515 522,719 535,856 Fund balances at 31 Dacember 2023 509.114 515 509.629 522.204 515 522.719 The statement of financkl acaivilies Indudes all gans and losses recogrdsed in the yaar. All inL>)me and expenditure derive from continuing aaivilies. The $latnent of finanaal adivÈbes 8180 c(#Wies lIh the reqUWeM frtt an In(me and expenditure account under ts Companies kt 2006.
THE PENDRAGON COMMUNITY TRUST BALANCE SHEEr AS AT31 DECEMBER 2023 2022 Axed assets Tangible assets 11 278,546 301,547 Curnt assets Debtors Cash at bank and in hand 12 235.023 Creditors: amounts falllng the ane year 13 (7.142) (13.851) Net current a8sets 231.083 221.172 Total as88ts1888 current Ilabllllleg 509.629 622,719 Net assets 509.629 522,719 Income fundg Restricted funds Unre8trided funds 515 509.114 515 522,204 522,719 The CA)mpany is enlilkd to the exem from the audit reqlrt C4)ntained in sedion 477 of the Companies Acl 2006, for the year ended 31 Decem 2023. Th8 directors ackMvA trir responbdiiie8 for Com1ng with the requIrerrts of the Companles A(1 2006 The members have not required the (x)mpany to obtskn an au(rrt of its fllal stslements for the year in question in aco)rdance whh se(al¢)n 476. These fjnanc481 Statem have been wepfiral in accord ith ts provisions ae4e to companies subiecl to the small companies regme. The fsnanaal ments we apwoved by the Trustees on 25 September 2024 Mr L lfjrby Tntee Company regl8trakn number 04132652 (ENJaThl and K&l8s)
THE PENDRAGON COMMUNITYTRUST NOTES TO THE FINANCIAL STATEMEKrs FOR THE YEAR ENDED 31 DECEMBER 2023 Accountlng pollcl Charfty Infornlatlon The Pendragon Communty Trust Ss a wvate company Trled by guarantee incorporated in England arnl e8. The reglstered Offi Is Unli 15 Omega Business Village. Thurston Road, Northallerton, N¢yth Yorkshire, DL6 2NL Eoth of the truitee818 liable to an amwirt nol exceethng £1 tthvards the 88sel8 ofthe dwrlty In the event of liquldalion. 1.1 AcCtIng convontlon The finand81 statements have been prepwed In accMlarKx Yath the Memoranthm and Artlde8 of A88odatlon. the Companie8 Ad 2006. FRS 102 The FInala1 Reporting Standard appllcable in the UK and Republic of Irelanrf CFRS 10r) and the Charttles SORP "A<Inting and Reportlng by ctrk?rS. Statement of Recommended Praclice appllcable to ctharilies pwewing thetr accounts in accordance ¥th the Flnenclal Reportlng Stsndard appncftble In the UK and Republlc of Ireland (FRS 102)" (effedfve 1 January 2019). The charity 18 a P(Jllc Benefft Entity a8 defjned ty FRS Iir2. Th¢ charlty ha8 token advantsge ol tha provtsl¢m8 In tho SORP for tharlllu nol to prepare a statent of Ca8h Flow8. The Ilnandal 8t8tements are Kyepwed In 18 the fun(akMI rrencY of the charfty. Momlary omounts In these lknandal 8tatam8nta are rThmded lo the nearest L The fin81 8tatsment8 have be wepwed undor ts hltsical c•Jst converf¢m. The wlnclpal accountlng polldes adopted are set out beh7W. 1.2 Golng concem At Ihe time of approvlng the fjnarKlal 8taterrnts. the Trusleaa have a rea8cA6 expedalion Ih•t drIty has adequate resources to continue Sn operational existence for the fore8ee8ble firture. Thus Ihe Tr18 c(wrtlnue to adoo the golng (cn b8 of accountlng In preparlng the finandal 8latement8. 1.3 Chrftabl• fund• Unre8thd fundi ara avallatAe use al rf18udion of the Trustaes in fijrlhernnce of thelr tharftable oWcllv•8. Restricted fvnd8 are sulieGt to spedfic condilions ty or grankn3 as to they may be ujed. The PU0881 and u8e8 of the restrlthd funds pAe 8et (xrt in the notes to Iha finandal 8talem 1A Incom• Income18 recognlsed the lthwity ts legaHy lo h ats ary perfOrn condltlons have been me( the 8mourrt8 can be mèa8ured relkNy, •MI it18 probth that Income be received. Cash donatkns are recognlsed M recew Olher donakn arn recognlsed once the dwity ha8 be notified of the donation, unless perf0mnCe ¢onditson$ requlre deferral of the amounL Income tax recoverable in relatlon to donations received under GIftAld or deeds of Covena Ib recognlsed at the Ilme of the donatlon. Grant Inc¥)me18 recA)gni8ed recdvth exceN vthen ts donor Impo condilions vthith have yet to be fulfilled before the charity becornes entiiled lo use income.
THE PENDRAGON COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUEDI FOR THE YEAR ENDED 31 DECEPABER 2023 Accountlng pollele• (Contlnued) Deferred Income represents amounts received for future Fwiods and is released to incoming resources in the period for whlchll has been received. Su(* Income is only defeffed en either the donor Specifies that the grant or donallon must onty be used In futur6 p&lodG. or the donor has imposad ¢%nditions which must be mat Where the tharty organ18e8 an event to be urKlwlkn in a fuiure pwiod. income relatlng lo that everrt Is carrfed f0Th4ard untll the wlod in vthlth the went 18 undertaken. Inveslmont Income, In the fcmi of Investmert Is recognlsad vthen rnceivabla by the charfty. 1.6 Expendlturn Expenditure l¥ recognlsed once there Is a tegal or Mnstruth8 OatiOn to trarter economi¢ benefft to thlrd paty. it Is probable that a transfer of emnomic beneffts will be requlred in settlement, and the amount of the obllgaoon can be measured rdlably. Chartiable expentkn comprfses th08e costs Incurred by the ch8rfty In the dellvery ol Its advllles and servlce8 for rts benefidarie6. It indude8 both costs that can bè allocaled lo wch actNilias and th08e costs of an Indlrecl nalure necew to 8UPW them. Govemanca costs Inthde the cx)8ts attrthlth to the thafftrf8 compllance wlth con8tltullonal and 8tatutory rnqufrements, Induding Indepentht Examinationl8udS( strateglc management and trustee8' meeting8 arKI 1.6 Tanglbh Ilx•d 4•8•ts Tangible fixed assets are InOY nieasured at CCb8t and wb8eq• measured al colt, net of dwadatlon and Impalmient108888. Depreda01$ recognl8ed 80 88 lo wr#e off ts cost of assets le88 thetr reshlual ¥alue8 over thelr usefvl Ilve8 on the foll1ng bases; Leasehold land and buildlngs Flxtures and ffttings Equipment 2% stralght Ilne straight line 20% straight line The gain or loss arising on the dispos81 of an asset ig detemiined as the rf5fference belween the sale proceeds and the carrying value of the asseL and Is re1 in the Statement of fu)ani>al acJi¥itses. 1.7 Impalrnient of flxad auets At each reportlng end date. the charity revrews the carrying amounts of its tangible assets to deternne whather thera Is any IndiOn that those assets have suffarad an Impaimienl loss. If any such Indtcatic ex18ts, the recoverable amount of the 888el 18 e8tlmated in order to deleMne the extent of the Impalrnient loss (rf any). 1.8 Ca8h and cash oqulvalent• Cash and cash equivalents indude cath kn hand, deptits hdd at 11 wilh banks, other shortsterm fjquid Investrnents valh orfginal maturEkn of three monts or less.
THE PENDRAGON COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEAIBER 2023 Accoundng polld (Contlnued} 1.9 Flnanclal lrnlJumont8 The charity has eleded to appty the prOVlOn$ of Secuon 11 'Baslc Flnanclal Instruments. and Sei#lon 12 'Other Flnandal Instfurnents Issues. of FRS 102 to all of its finandal Instruments. Flnandal Instruments are reo)gntsed In the dwW8 balance sheat Tkn the th8rity bec4)mes party to the contractual PTovisions of the in81rumenL Finanaal assets and IlabAltles are offset, the net amounts presented In the Ilnandat statements, the Is a legatly enforceable right to set off the recognised amounts and there is an intentton to Settle on 8 net basls or to reall the ass8t and s8lU8 the N8bWty dmullaneou. k Iln•nchl •M•l Ba8lc finana81 asaets. whrL IncJde delkn cath and knk balances. are Inlllally meawred al transa&Son prfca Indudlng transadon costs and are sub88quenty CArrfed al amorfl8ad cost Uslng the effedive Interest method un188s thè affangement (x)nstitute8 a Ilnandng tr8ns8dion. wherè the transacllon li measured at the present value of the fijture recelpts discounted at a market rate of Intere. Flnandal assets du8lfied M recdvable 1n one year are amortkned. Bask Iln•nctsl Il•bllltl•s Bas1¢ financlal Ilabllltles, kn¢dIng ed0 atkl bank10on$ •re Inlualty recognlsed at prlce unle88 the arrangement conslrtutes a finandng transactlon, vhwe tho debt Instrument is measured at the presenl value of tho future payments dIsC(Mm at a nwket rate of e•L Flnanclal Ilabllllle8 da88ified as payablo wlthin one year are not amortljed. Debt In8tiumenli •re sub8oquwMty carrfed at ]lSed crt uslng the effe¢lfve thtwest rat• mthod. Trade uedltor8 are obllgatlons to pay for goods or senAcs that have been 8cqulred In the ordlrwy courne of operatlon8 from 8uppllers. Amounts payable are classified as current1Sabilities If payment 1$ due wElhln one year or les8. If not, Ihey are presented non<urrenl liabltIes. Trade ueditors are recognlsed Inltially al Iransacaion prfca and sub8ew Measu at arnOrt1 cost Ing the effe(*ve Intereit method. 1.10 Reilyement ben¢fft• Payments to defined conlrtth retirement benefft are tharged as an exp8n8e as they f811 due. Income from donallon8 and l•gacl8• fund• 2023 funds 2023 funds 2022 funds 2022 2023 2022 Donallons arKI gffts 35,857 35,657 47,330 3.100 50,430 Donallon8 and glft8 Donations Income fr(xn 10k run 6,767 6.767 28.890 24.629 21701 3,100 27.729 22,701 35.657 35.657 47.330 3.100 50,430 10-
THE PENDRAGON COMMUNITYTRUST NOTES TO THE FINANCIAL STATEMENTS IcopinNUED) FOR THE YEAR ENDED 31 DECEMBER 2023 2023 2022 69.209 Anaty818 ty fund UnrestrlrAed funds 69,209 Income from other tradlng actlvltles Umstrlcted Unrestrlctsd funds fund8 2023 2022 Cafo Sale of ffthandise 2,724 2,172 2,724 2,180 Income frnm Investments Unrestricted Unre8trl¢ted fund8 fund8 2023 2022 Interest receivable 854 Ewndlture on ral8lng fund• Unrestrlcted Unrestrlcted funds fund8 2023 2022 Fundralslng and publidty Olher fundraising costs 10,679 9.023 Tradlng costs Caf• purchases Total costs 12.301 9,907 11
THE PENDRAGON COMMUNITYTRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Expendlturn on ehaAtsbl? athllle8 2023 2022 Direct costs Staff costs Depreclatlon and Impalmient Property costs and repairs Office costs Govemance costs 70,063 23.001 12,643 4,421 2.479 69,122 22.250 10.644 7,417 1,693 112.607 111.128 Analys18 by fvnd Unrestsicted funds 112.607 111.126 Govemance costs indude fees payable in rdation to an Indewdent examlnatlon of £1.784 P022: £1.680). None of the Truste88 (or any persons connected with them) received any remuneration or beneffts frcrn the tharty durfng the year. Employees The averagg rmntrdy number of employees during the year w89: 2023 Number 2022 Number Employment costs 2023 2022 Wages and salaries Soiial security costs Other pension costs 68.061 86,269 710 2,143 2,002 70.063 69,122 There were no employees whose annual reMurraIion was more than £60.000. 12-
THE PENDRAGON COMMUNITYTRUST NOTES TO THE FINANCIAL STATEMEKfs (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 10 Olher expendftu Unrostrlcted Unrnstrlcted funds funds 2023 2022 Net loss on dwal of tangible frxed assets 2.014 11 Tanglble fixed •8#ets Loasehdd and E4ulwn•nt land and bulkllngs At 1 January 2cr23 296,71X) 150,588 36,032 483,318 Al 31 December 2023 296.700 150.586 36.032 483,318 Depre¢5atlon and Impalmient At 1 January 2023 Deweaatson ¢thed in the ye 46.907 1(,867 15.059 27,997 181.771 23.001 Al 31 December 223 52.841 121.926 30.005 204,772 Carrylng amount At 31 DeceJnbw 2023 243.859 28,660 6.027 278.54e Al 31 Decnber 222 249.793 43.719 301,547 The Irust hoMs a 1.OIXI year lease on the unil having Pa £120.LYJO rerthal premvjm. A yearly rent of £1 per annum is payable. The lease elapses in 3005. 12 Debtorn 2023 2022 Amounts lalllng wlthln one year. Trade debtors 7.593 1,703 7.787 9.443 13-
THE PENDRAGON COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMEKfs (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 13 Credltor8: amounts falling due whhln one year 2023 2022 3.716 4.802 6,510 Defeffed income Trade uedStors Other t7editors Ac(zuals 14 258 7.142 13.851 14 Defernd Income 2023 2022 Other deferred in(x)me 6.510 2023 2022 Deferred Income Is Induded within: Current liabilities 6,510 Moverrnnt$ In the year. Deferred income at 1 January 2023 Released from previous periods Resources deferred in the ye8r 6.510 16,510) 15,750 (15.750) 6,510 6.510 15 Restrlcted funds The restricted funds of the thrity cornpr unexpended balonces of do1110n9 and granls held on trust subject to specits o)nthtions by d¢)ncY8 as to hcw ttw nw be used. At 1 January kncomlng Tranjfern At31 Dewnb•r 2023 Oonalions for frAed assets 515 515 14-
THE PENDRAGON COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 16 Re8trlcted fvnd8 (Conllnued) Prevlou8 year: At 1 January 2022 In¢omlng ro8ourca• Trang18rn At31 December 2022 Donauong for Ilxed a88ets 3,100 12,585) 515 The restricted fvnd 18 for donations for specific fixed a8set 8dditions for the Centre. £515 was recelved durfng the prevlous year for the purchase of Interaclive bats and equipment, th13 was yet to be spent at the year en le AnAly•l8 ol n•t 808et8 botWo•n fund• Unro•trlcted fund• 2023 Ro4trlctod fundo 2023 Total 2023 At 31 Decemtsor 2023: Tanglble a88ets Current a88et•lOlablllt168) 278,546 230,568 278.546 231,083 515 509,114 615 509,629 Unrn8trlctod Restrlctsd fund8 fund• 2022 2022 Total 2022 At 31 D8Mber 2022: Tanglble a88et8 Cufferrt a8set8lOlablllila•) 301,547 220.857 301,547 221,172 515 522.204 515 522,719 17 Related party tran•acllon• There ware no d16do6able related party transacatons during the year (2022- none). 15-