Charlty registration number 1101223 Company registration number 04858513 (England and Wale5) PENRITH PARISH CENTRE LIMITED ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
PENRITH PARISH CENTRE LIMITED LEGAL AND ADMINISTRATIVE INFORMATION rrustee5 Mrs M M Allison Mrs RAAngus Mrs S Barton Mr P Donald Mr J S Green Mr S J Harper Mr L Hope Reverend D G Saent Mrs SThomson Mrs I Peall Mrc Harper Mr J Langcake (Appointed 28 June 20231 IAppolnted 16 August 20231 (Appointed 16 August 20231 (Appointed 16 August 20231 Secretarv Mr P Donald Charlty number 1101223 Company number 04858513 Re815ter¢d office Penrlth Parlsh Centre Saint Andrews Place Penrith Cumbria CAII 7XX Independent examiner lan Thompson 8AIHonsl, FCA Saint & Co 4 Mason Court Glllan Way Penrith Cumbria CAII 9GR
PENRITH PARISH CENTRE LIMITED CONTENTS Page Trustees, report Independent examiner's report Statement of financial activltles Statement of financial position Notes to the financlal statement5 8-17
PENRITH PARISH CENTRE LIMITED TRUSTEES, REPORT IINCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 DECEMBER 2023 The trustees present their annual report and financial statements for the year ended 31 December 2023. The financial statements have been prepared In accordance wlth the atcountlng policies set out in note I to the statement5 and comply with the charlty's Memorandum & Articles, the Companles Act 2006 and "Accountlng and by Chorltie5.' Statement of Recommended Practice applicable to charltie5 preparlng theiT account5 in accordance wlth the Financial Reportlng Standard appllcable In the UK and Republlc of Ireland IFRS 1021 leffective l January 20191. Objertlves and activlties The objectives of the Company are to promote any charltable purpose for the beneflt of the Inhabltants withln PenrSth and surrounding district, with the provision of facilltles Sn the interests of soclal welfare for catIOn, lelsure-time occupatlon and with the object of improving the conditlons of life for the sald inhabitants. Actlvltles carrled out over the year Snclude, Swlng Danclngi Scottish Dancing, Yoga, Karate, Tal Chl, Adult learnlng classes, Art Club classes and annual art exhibltSon. The Centre is a150 a deslgnated polling statlon. Publlc beneflt The trustees have paid due regard to guidance Issued by the Charlty Commission In deciding what actlvltles the charlty should undertake.
PENRITH PARISH CENTRE LIMITED TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Achievements and performance Significant octivities ond achievements agL7ill5t objectives The Charity has continued to act accordlng to its aims and objectlves and the Centre has continued to be ¢Jsed for a wide varlety of community actlvities by both local people and vlsitors to Penrith alike. During the Pandemic many user groups, who had long 5tsndlng involvement with the Centre, ceased to functlon but new users have come along. 2023 was a year of change for the Parlsh Centre with the reslgnation of our longstanding cleaner in January and the resl8nation of our Office Manager in May. It was felt that this was the tlme that these changes presented the opportunity to try new ways of operating. To reduce costs and cut down on adminlstratlon tlme It was felt appropriate to move to on-llne booklng and to contract out the remalnlng work of the cleaner and administrator thus no longer havlng employee5 or responsibllity for wages, penslons, National Insurance, payment of taxes etc. At the AGM In June, long servlng Trustees Peter Slmpson and Rev. Le51ey Ridley retlred after some 17 years. Peter had been Company Secretary and Lesley the Centre Manager and Chair of the Trustees for many of these years. Those retirements left blg hole In the operation of the Centre. Following the AGM new Trustees were appolnted and Lenny Hope was appolnted ChaSr of The Trustees and Paul Donald was appointed Company Secretary. The local Charity 4Eden closed thelr Brougharn Hall Café and opened up in thè Parish Centre on May 1st. At first thls was for 5 days per week but later, untll the Autumn, opening also on a Saturday. Goods for Sale are produced off slte at thelr Sandgate Bakery and transported to the Centre. It was agreed that 4Eden's adrnlnlstration se[(ed could work wlth the Centre Company to provlde the cleaner/caretaker cover needed and one day a week admin cover (Wednesday) at cost prlce. The latter proved somewhat problematlc and a new arra ngement was agreed to allow 4Eden free use of the offSce in exchange for 2 members of their staff deallng wlth the phone and callers on the other weekdays. A new on-llne booking system that allows hirers to see what rooms are avallable has been Installed that allows hirers to book the rooms without vislting or phoning the office. This system also issues bi115 to the hirers. The Trustees continue to maintain the bullding to a hlgh Standard. A vandalised double glazed gla55 unlt at the front of the bulldlng has been replaced. A wall in the up5talrs Tarn Room ha5 been damaged by the ingress of water from a blocked rainwater gutter or hopper. These have been cleaned and a quotation has been recelved from Neil Coates a building Contractor that the Centre has used In the past and knows the acce55 Issues and requlrements. An Insurance claim has been submltted and approved and the work wlll be completed in 2024. At the end of the year there were 12 Trustees15 women and 7 men) providlng a wlde Spectrum of experience, the Vicar (Rev David Sergeant), one member of St Andrews PCC, two church goers and eight members of the community.
PENRITH PARISH CENTRE LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Flnancial revlew The charity remains grateful for the help and support given by government agencies, charitable trusts and other sources. Results for the year are shown In the financial Statements. The charity generated a total Income of £30,404 in the year, and an overall expenditure of £23,331. Grants and Donatlons Recelved On behalf of Penrlth Parish Centre, I gratefully acknowledge the followlng grhnts and donations received thls year,. 2023 Gift Aid Donations Cash Donatlons Donated Goods 730 315 loo Since the Pandemic the Income from the hire of the rooms has gradually increased to the level before the pandemlc. The emphasis is on a continual process of careful fsnancial management and to invest the reserves to optlmlse Income wherever possible. The current level of unrestrlcted reserves, £33,822, comprlses of three component5, cash flow, contlngency and closure. The cash flow component will ensure the centre operates for the next twelve months, allowing time for room hire to recover and the research Into futu means of generatln8 unrestrlcted reserves will a150 continue. The contlngency component wlll manage any large unexpected payments over the next twelve months. The Reserve Fund will be monitored and reported on monthly and revSewed for use next year. Golng Concern After analysls of the Charlty's operatlons and fln?nces the Trustees have a viable expectation that the Charitable Company has adeguate resources to contlnue In operatlonal existence for the foreseeable future. For thls reason. they continue to odopt the going concern ba51s In preparlng the financlal statements. Mcjjor risks As part of the Charlty's buslness and development plan, an assessment was undertaken as to the risks the Charity is exposed to. The Charity has taken a proactive stance to reduce Its overall reliance on one or two large hlrers and to develop a portfollo of funders to further reduce the impact any one funding stream may Sncur. A major part of the Charity's partnership worklng Is to keep the org3nSsation abreast of any strategic, political or legal changes that could Snfluence the charlty, Internal control r55ks are minimised by the Implementatlon of procedures for authorisatlon of all transactlons and prolerts. procedu s are1n place to ensure compllance with health and safety of staff, volunteers, clients and vlsitors to the centre. These procedures a periodically reviewed to ensure that they cont5nue to meet the needs of the charitv. Structurei governan¢e and management Our Cornpany is governed by our Memorandum & Articles which were adopted on l August 2003.
PENRITH PARISH CENTRE LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 The trustee5, who are also the dlrectors for the purpose of cornpany law, and who served durlng the year and up to the date of signature of the financlal statements were.. Mr P SSmpson Mrs M M Alllson Mrs RAAngus Mrs S Barton Mr P Donald MrJ S Green Mr S J Harper Mr L Hope Reverend L Rldley Reverend D G Sargent Mrs S Thomson Mrs J Peall Mr CHarper Mr J Langcake IRe5igned 23 October 20231 (Reslgned 23 October 20231 (Appointed 28 June 20231 {Appointed 16 August 20231 (Appointed 16 August 2023) {Appolnted 16 August 20231 Recrultment ond oppointment of trustees The Management committee will be appoSnted at the Annual General Meetlng, by proposal, seconded and a vote, A11 those In the area of benefit and users of the Communlty Centre are welcome to attend. Orqanist7tlonolstructure The organ5saiion conslsts of 10 members of a voluntary Executlve/Management CommSttee, 2 paid staff posltions and a number of volunteers. Inductlon ond tfoinlng of trustee5 New trustees are supplled wlth a copy of the Charlty Trustees Handbook,. additlonally. they meet wlth the Chair of the Management Committee and senior staff who wlll cover: -The obligations of Management Commlttee members. - The main document5 whlch set out the operatlonal framework for the charlty IncludlnB the Memorandum and Articles. The current financial positlon as Set out In the latest published accounts. Future plans and objectives. Trustees are annually reminded of Charity Commlsslon guldance of Trustee'5 duties and responsibllities and a aware of the publlc benefit guldance when maklng a declslon to whlch the 8uldance Is relevant. Small company provlslons This report ha5 been prepared in accordance with the provislon5 applicable to companies entltled to the small companies exemption, The trustees, report was approved by the Board of Trustees. MrLH Trustee Date..
PENRITH PARISH CENTRE LIMITED INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF PENRITH PARISH CENTRE LIMITED I report to the trustees on my examinatlon of the financial statements of Penrith Parlsh Centre Limited (the charity) for the year ended 31 December 2023. Responslbllities and basis of report As the trustee5 of the charity land also it5 directors for the purposes of company lowl you are responslble for the preparation of the financlal statements In accordance with the requirements of the Companies Act 2006 Ithe 2006 Act). Havlng satisfied myself that the financlal statements of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent Èxamination, I report in SpeCt of my examination of the charity's finantlal statements carrled out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying Out my examlnatlon I have followed all the appllcable Directlons given by the Charity Commisslon under se¢tlon 14515llbl of the 2011 Act, Independent examlner'5 Statement I have completed my examlnation. I conflrm that no matters have come to my attentlon In connectlon wlth the examlnatlon giving me cause to belleve that in any material respect.. accounting retords were not kept in respect of the charity as requlred by sectlon 386 of the 2006 Act; or the flnancial statements do not accord wlth those records,. or the financial statements do not comply wlth the accountlng requlrements of section 396 of the 2006 Act other than anv requlrement that the accounts give a true and fair view whlch is not a matter consldered a5 Part of an Independent examination. or the flnanclal statements have not been prepared In accordance wlth the methods and prlnclples of the Statement of Recommended Practlce for accountlng and reportlng by charitles appllcable to charltles preparin8 thelr accounts in accordance with the Financlal Reportlng Standard applicable In the UK and Republic of Ireland IFRS 1021. I have no concerns and have come across no other matters In connection with the examlnation to whlch attentlon should be drawn in this report in order to enable a proper understanding of the flnancial statements to be reached. lan Thompson BAIHons), FCA Salnt & Co 4 Mason Court Glllan Wav Penrlth Cumbria CAII 9GR Dated..
PENRITH PARISH CENTRE LIMITED STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2023 Unrestrlcted funds 2023 Restrlcted funds 2023 Total Unrestrirted funds 2022 Restrlcted funds 2022 Total 2023 2022 Notes Income from: Donatlons and legacies Charitable actwities Other tradlng activltles Inve5tmentS 1,386 28,635 1,386 28,635 9,761 9,761 20.558 850 iio 20,558 850 74 383 383 36 Total Income 30,404 30,404 21,482 9.797 31,279 Expendlture on: Charitable actSvitles 15,019 8,312 23,331 28,143 57,141 85,284 Total expendlture 15,019 8,312 23,331 28,143 57,141 85,284 Net Income/(expendlture) and movement In funds 15,385 18,3121 7,073 16,6611 147,3441 154,0051 Re¢onclllatSon of fvnds: Fund balances at l January 2023 18,437 8,312 26,749 25,098 55.656 80,754 Fund balances at 31 December 2023 33,822 33,822 18,437 8,312 26,749 The statement of flnanclal activltles Includes all galns and losses recognlsed In the year. All Income and expendlture derive from continulng actlvitles.
PENRITH PARISH CENTRE LIMITED STATEMENT OF FINANCIAL POSITION AS AT31 DECEMBER 2023 2023 2022 Notes Flxed assets Tangible assets 13 6,274 7,842 Current asset5 Debtors Cash at bank and in hand 971 18,957 14 923 27,425 28,348 18001 19,928 11,0211 Credltors: amounts fallin8 due wlthin one year 15 27.548 18,907 Net current assets Total assets less ¢urrent Ilabllltles 33,822 26,749 Net assets extludln8 penslon Ilablllty 33,822 26,749 The funds of the charSty Restricted Income funds Unrestricted f unds 17 8,312 18,437 33,822 33,822 26,749 The company is entltled to the exemptlon from the audlt requlrement contained In section 477 of the Companles Act 2006, for the year ended 31 December 2023. The dlrector5 acknowledge their responslbllltles for complying wlth the requlrement5 of the Companle5 Act 2006 wlth respect to accounting records and the preparation of financlal statements. The members have not required the company to obtaln an audlt of its flnanclal statements for the year In question In accordance wlth sectlon 476. These financial statements have been prepared in accordance with the provlsions applicable to companies subject to the small companies regime. The financial statements were approved by the trustees on . MrLHo Trustee Company registration number 04858513 (England and Wales)
PENRITH PARISH CENTRE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Accountlng poll¢ie5 Charlty Informatlon Penrlth Parlsh Centre Llmited is a private company Ilmited by guarantee Incorporated in England and Wales. The registered office is Penrith Parish Centre, Salnt Andrews Place, Penrith, Cumbria, CAII 7XX. The members of the company are the Trustees named on page 3. In the event of the company belng wound up, the Ilablllty in respect of the guarantee is limited to £10 per member of the company. 1.1 Accountlng ¢onventlon The financlal statements have been prepared In accordance wlth the charlty's governing document, the Companies Act 2006, FRS 102 "The Flnancial Reporting Standard applicable in the UK and Republic of Ireland" I"FRS 102,1 and the CharltSes SORP "Accounting and Reportln8 by Charitles: statement of Recomrnended Practice applicable to charities preparing their accounts In accordance wlth the Flnanclal Reporting Standard applicable In the UK and Republic of Ireland IFRS 1021" leffective l January 20191. The charity is a Publlc Benefit Entlty a5 defined by FRS 102. The charlty ha5 taken advantage of the prov151ons In the SORP for charitles not to prepare a Statement of Cash Flows. The financial Statements are prepared In sterling, which Is the functional currency of the charity. Monetsry amounts In these flnancSal statements are rounded to the nearest £. The flnancial statements have been prepared under the historlcal cost conventlon. The prlncipal accounting pollcles adopted are set out below. 1.2 Goln8 Concern At the time of approvlng the financial statements, the trustees have a reasonable expectation that the charlty has adequate resource5 to continue in operational ex15tence for the foreseeable future. Thus the trustees continue to adopt the going concern basls of accounting in preparing the flnancial ststements. 1.3 Charltable funds Unrestricted fund5 are available for use at the discretion of the trustees in furtherance of their charitable objective5. Restrlcted funds are subject to specific condltions by donors or grantors as to how they may be used. The purposes and uses of the restrlcted funds are set out In the notes to the financial statements, 1.4 Income All incoming resource5 are included In the statement of flnancial actlvltie5 when entitlement ha5 pa55ed to the charltv,. it is probable that the economic benefit5 a550ciated with the transaction will flow to the charity and the amount can be reliably measured. The followlng 5peciflc policie5 are applied to particular categories of income: income from donations or grants Is recoEnised when there Is evidence of entitlement to the gift, receipt is probable and Its amount ca n be measured reliablv. legacy income Is recognlsed when receipt is probable and entitlement Is estsblished. income from donated goods is measured at the fair value of the good5 unless this is impractical to measure reliably. in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and servlce5 are recognised In the accounts when ceiVed if the value can be reliably measured. No amounts are included for the contributlon of general volunteers. income from Contracts for the supply of servlces is recognised with the delivery of the contracted servlce. This Is classified as UnstrIcted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
PENRITH PARISH CENTRE LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Accountlng pollcies (Contlnuedl 1.5 Expendlture Expenditure is recognlsed on an accruals bè5is as a Ilabillty Is incurred. Expendlture includes any VAT whlch cannot be fully recovered, and is classified under headings of the ststement of flnanclal activlties to which it relates: expenditure on raising funds includes the costs of all fundfaislng activitles. events, non-charitable trading activltles, and the sale of donated good5. expendlture on charltable actlvitles Includes all costs Incurred by a charlty In undertaklng actlvltles that further its charitable alms for the benefit of Its beneflciaries, includlng those support costs and costs relatln8 to the governance of the charlty apportioned to charitable actlvities. other expendlture Includes all expendlture thatls nelther related to ralsing funds for the charlty nor part of It5 expendItU on charltable activltles. All costs are allocated to expendlture categorles reflectlng the use of the resource. Dlrect cost5 attributable to a single activlty are allocated directly to that octlvity. Shared costs are apportloned between the actlvltle5 they contribute to on reasonable. justifiable and con51Stent basis, 1.6 Tangible flxed assets T3nglble fixed assets are Inltially measured at cost and subsequently measured at Cost or valuatlon. net of depreclatlon and any Impalrment10sses, Depreciatlon Is recognlsed so a5 to write off the cost or valuatlon of asset5 less their resldual values over their useful Ilves on the following bases., Freehold land and buildlngs Plant and equSpment Fixtures and fittings Computers 20% fteduclng 8alance 20% Reduclng Balance 20% Reduclng 8alance 20% Reduclng Balance The galn or105s arSslng on the d15posal of an asset Is deternilned as the dlfference between the sale proceeds and the carrying value of the asset, and is recognised In the statement of flnancial activlties. 1.7 Impalrment of fixed assets At each reportlng end date, the charity reviews the carrying amounts of St5 tangible a55ets to determine whether there is any indlcation that those assets have Suffered an Impairment 105$. If any such indication exists, the recoverable amount of the a55et Is estimated In order to determlne the extent of the Impairment loss lif any). 1.8 Cash and cash equlvalents Cash and cash equivalents Include cash In hand, deposit5 held at c311 wlth banks, other short-term liquid investments wlth origln81 maturitles of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowlng5 in current li3bllities.
PENRITH PARISH CENTRE LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Accountlng policles Icontlnued) 1.9 Flnan¢lal instruments The charlty has elected to apply the provisions of Section 11 '8asic Financial Instrument5. and Section 12 '0ther Flnancial Instruments155ues' of FRS 102 to all of its financlal Instruments. Flnanclal Instruments are recognised sn the charity's balance sheet when the charlty becomes party to the contractual prov15ions of the instrument. Flnancial assets and liabilities are offset, wlth the net amounts presented in the financial statements, when there 15 legally enforceable right to Set off the recognised amounts and there 15 an intention to settle on a net basis or to rea lise the asset and settle the Ilabillty slmultaneously. 8aslcfinanclal ossets Basic financial assets, whlch include debtors and cash and bank balances, are InStlally measured at transactlon price Includlng tran5aCtlon costs and are subsequently carrled at amort15ed cost usSng the effective interest method unless the arrangement constltutes a financing transactlon, where the transactlon Ss measured at the present value of the future receipts dlscounted at a market rate of interest. Flnancial assets classified as receivable within one year a fft not mortised. 8051cllnanclol Ilobllltles 8asic financial liabilltles, includlng credltors and bank loans are Inltlally recognised at transactlon prlce unless the rrangement constitute5 a flnanclng transaction, where the debt instrument 15 measured at the present value of the future payments discounted at a market rate of Interest. Flnancial liabllitSes classlfSed as payable within one yea r are not amortised. Debt Instruments are subsequently carrled at amortSsed cost, uslng the effective Interest rate method. Trade credltors are obllgations to pay for good5 or services that have been acquired in the ordlnary course of operatlon5 from supplier5. Amounts payable are classified as current liabilitie5 If payment Is due within one year or less. If not, thev are presented as non-current liabilitles. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. Dere¢ognltlon ofAlnonciol Ilabllltles Financial liabillties are derecogni5ed when the charlty's Contractual obllgatlons explre or are discharged or cancelled. 1.10 Retlrement beneflts Payments to defined ¢ontrlbution retlrement benefit schemes are charged as an expense as they fall due. Crltlcal accountlng estimates and judgements In the appllcation of the charlty's accountin8 policies, the trustees are requSred to make Judgements, estirnates and a55umptlons about the carrylng amount of assets and IlabllStles that are not readily apparent from other sources. The estlmates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estlmates. The estlmates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimate5 are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future period5 where the revision affects both current and future periods. 10-
PENRITH PARISH CENTRE LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Income from donatlon5 and legacies Unrestrlrted funds 2023 Restrirted funds 2023 Total Unrestrlrted funds 2022 Restrlcted funds 2022 Total 2023 2022 DonatSons and gifts Government grant income 1,386 1,386 3,469 6,292 3,469 6,292 1,386 1,386 9.761 9,761 Donatlons and glfts Gift Aid Cash Donations Other 730 730 315 341 3.020 449 3,020 449 315 341 1,386 1,386 3,469 3,469 Income from charltable attlvltles Unrestrirted funds 2023 Unrestrlcted funds 2022 Room lettlngs Charltable rental income 28,635 20,558 In¢ome from other tradln8 actlvit5es Unrestrlcted funds 2023 Unrestrlrted funds 2022 Trading activlty income: other 850 11
PENRITH PARISH CENTRE LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Income from Investments Unrestricted funds 2023 Restrlcted fund5 2023 Total Unrestrlcted funds 2022 Restricted funds 2022 Total 2023 2022 Interest recelvable 383 383 74 36 iio Expendlture on charltable actlvltles Room lettlngs Room lettlngs 2023 2022 DSrect costs Staff costs Depreciatlon and impolrment PremSses cost5 7,132 1,568 13,718 17,309 1,960 65,134 22,418 84,403 Share of support and governance costs (see note 81 Governance 913 881 23,331 85,284 Analy51s by fund Unrestricted funds Restrlcted funds 15,019 8,312 28,143 57,141 23,331 85,284 Support Costs allocated to artlvltles 2023 2022 Governance costs 913 881 Analysed between: Room lettings 913 881 12-
PENRITH PARISH CENTRE LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Support costs allocated to activitles (Contlnued) 2023 2022 Governance costs comprlse: Independent examination fees Bank charge5 840 73 Boo 81 913 881 Net movement In funds 2023 2022 The net movement in fund5 15 Stated after chargingllcreditlngl: Fees payable for the independent examlnatlon of the charlty's flnanclal statements Depreclatlon of owned tangible fixed assets 840 1,568 840 1,960 10 Trustees None of the trustees lor any person5 connected wlth them) recelved any remuneratlon or benefits from the charity durSng the year. li Employees The average monthly number of employee5 during the year wa5.. 2023 Number 2022 Number Employment costs 2023 2022 Wages and salaries Other pension costs 7,019 113 17,148 161 7,132 17,309 There were no employee5 whose annual remuneratlon was more than £60,000. 13-
PENRITH PARISH CENTRE LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 li Employees {Continued) Remuneration of key management personnel The remuneratlon of key management personnel was as follows: 2023 2022 Aggregate compensation 7,132 11,727 12 Taxatlon The charlty Is exempt from taxatlon on its activitles because all its income Is applied for charitable purposes. 13 Tang5ble flxed assets Freèhold land and bulldln85 Plant and equlpmenl Flxtures and flttln8S Computsrs Total Cort At l January 2023 69,798 6,557 994 837 78,186 At 31 December 2023 69,798 6,557 994 837 78,186 Depre¢latlon and Impalrment At l January 2023 Depreciation charged In the year 65,545 851 3,685 574 587 81 527 62 70,344 1,568 At 31 December 2023 66,396 4,259 668 589 71,912 Carryln8 amount At 31 December 2023 3,402 2,298 326 248 6,274 At 31 December 2022 4,253 2,872 407 310 7,842 14 Debtors 2023 2022 Amourrt5 falllng due withln one year: Trade debtor5 923 971 14-
PENRITH PARISH CENTRE LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 15 Credltors: amounts falling due wlthin one year 2023 2022 Other taxation and social security Accruals and deferred income 221 800 800 800 1,021 16 Retirement benefit schemes 2023 2022 Defined contrlbutlon schemes Charge to profit or loss in respect of defined contrlbutlon schemes 113 161 The charity operates a deflned contrlbutlon pension scheme for all qua11fylng employees. The assets of the scheme are held separately from those of the charlty in an Independently administered fund. 17 RestrS¢ted funds The restricted funds of the charlty comprise the unexpended balances of donatlons and grants held on trust subject to speclfic condltions by donors as to how they may be used. At ljanuary 2023 Incomln8 resources Resource5 At 31 December expended 2023 Restrlcted Fund 8,312 18,3121 Prevlous year: At ljanuary 2022 Incomln8 resources Resour¢es At 31 December expended 2022 Restrlcted Fund 55,656 9,797 157,1411 8,312 18 Unrestrlcted funds The unrestricted fund5 of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for speclflc purposes. At l January 2023 Incoming resour¢es Resour¢es At 31 December expended 2023 General funds 18,437 30,404 115,0191 33,822 15
PENRITH PARISH CENTRE LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 18 Unrestrlcted fund5 (Continued) Previous year: At l January 2022 Incomlng resources Resources At 31 December expended 2022 General funds 25,098 21,482 128,1431 18,437 19 Analysls of net a55ets between funds Unrestrlcted funds 2023 Restrlcted funds 2023 Total 2023 At 31 December 2023: Tangible asset5 Current assets/lliabllltie51 6,274 27,548 6,274 27,548 33,822 33,822 Unrestrlcted funds 2022 Restrlcted funds 2022 Total 2022 At 31 December 2022: Tanglble 055ets Current a5sets/lliabiiitlesl 757 17,680 7,085 1,227 7,842 18,907 18,437 8,312 26,749 20 Operatlng lease commltments Lessee At the reporting end date the eharlty had outstandlng commitments for future minimum lease payments under non- cancellable operatSng leases, whlch fall due as follows: 2023 2022 Wlthin one year Between two and five years In over five years 1,000 5,000 1,000 5,000 1,000 6,000 7,000 16-
PENRITH PARISH CENTRE LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 21 RelatÈd party transactions The charlty has paid £500 rent in the year to St Andrew's Room Trust of whom Rev. Davld Sargent Is also a trustee. There were no other dlsclosable related party transactions during the year12022 - none). 17-