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 0413￿2 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 Xetnar 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 c￿ributIOnS 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 appOint￿￿tt 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 developn*rt of the TrusL This year, we have also undertaken a thor. 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)me and expenditure derive from continuing aaivilies. The $lat*nent 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 req￿l￿r￿t C4)ntained in sedion 477 of the Companies Acl 2006, for the year ended 31 Decem￿ 2023. Th8 directors ackMvA* tr*ir respon*bdiiie8 for Com￿1ng with the requIrerr￿ts of the Companles A(1 2006 The members have not required the (x)mpany to obtskn an au(rrt of its fll￿￿al 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 a￿￿e4￿￿e to companies subiecl to the small companies regme. The fsnanaal ments we apwoved by the Trustees on 25 September 2024 Mr L lfjrby Tn￿tee 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 ￿Tr￿led 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 AcC*￿￿tIng convontlon The finand81 statements have been prepwed In accMlarKx Yath the Memoranthm and Artlde8 of A88odatlon. the Companie8 Ad 2006. FRS 102 The FIna￿la1 Reporting Standard appllcable in the UK and Republic of Irelanrf CFRS 10r) and the Charttles SORP "A<￿Inting and Reportlng by ctrk?r￿S. 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 stat￿ent of Ca8h Flow8. The Ilnandal 8t8tements are Kyepwed In 18 the fun(akM￿I ￿rrencY of the charfty. Momlary omounts In these lknandal 8tatam8nta are rThmded lo the nearest L The fin￿￿81 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 8taterr*nts. the Trusleaa have a rea8cA￿6 expedalion Ih•t d￿rIty has adequate resources to continue Sn operational existence for the fore8ee8ble firture. Thus Ihe Tr￿18 c(wrtlnue to adoo the golng (￿c￿n 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 PU￿0881 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 perf0m￿nCe ¢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 O￿atiOn to trart￿er 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 In￿O￿Y nieasured at CCb8t and wb8eq• measured al colt, net of dwadatlon and Impalmient108888. Depreda0￿1$ recognl8ed 80 88 lo wr#e off ts cost of assets le88 thetr reshlual ¥alue8 over thelr usefvl Ilve8 on the foll￿1ng 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 re￿1￿ 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 detern￿ne whather thera Is any Indi￿On that those assets have suffarad an Impaimienl loss. If any such Indtcatic ex18ts, the recoverable amount of the 888el 18 e8tlmated in order to deleM￿ne the extent of the Impalrnient loss (rf any). 1.8 Ca8h and cash oqulvalent• Cash and cash equivalents indude cath kn hand, depti￿ts 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 prOV￿lOn$ 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* Inc*Jde 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 ￿ed￿0￿ 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 senAc*s 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