Company reg15tTatlon number 04858513 IEn8land and Wales) Charity registration number 11012Z3 (England and Wales) PENRITH PARISH CENTRE LIMITED ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 PENRITH PARISH CENTRE LIMITED LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mrs M M Alllson Mrs S Barton Mr P Donald Mr S J Harper Mr L Hope Reverend D G Sargent Mrs S Thomson Mrs J Peall Mr C Harper Mr J LanBcake Secretary Mr P Donald Country of In¢orporatlon Unlted Klngdom IEngland and Wale$l 04858513 Charity registration England and W41es 1101223 ReBlstered office Penrith Parish Centre Saint Andrew5 Place Penrith Cumbria CAII 7XX Independent examlner 18n Thompson BAIHonsl, FCA Saint & Co 4 Mason Court Gillan Wav Penrith Cumbrla CAII 9GR PENRITH PARISH CENTRE LIMITED CONTENTS PaBe Trustees, report Independent examlner'5 report Statemeni of financlal actlvifies Statement of financSal Posit￿￿ Note5 to the financial statements 7-13 PENRITH PARISH CENTRE LIMITED TRUSTEES, REPORT (INCLUDING DIREcfoR5' REPORTI FOR THE YEAR ENDED 31 DECEMBER 2025 The trustees present thelr annual report and financi41 stèternents for the yearended 31 December 2025. The financial statements have been prepared In accordance with the accountlng policies set out In note I to the financial statements and cornply with the charity's Memorandum & Articles, the Companies Act 2005 and 'Accountlng and Reporting by Charltles.. Statement of Recommended Pr3Ctice applicable to charities prep3ring their accounts in accordance with the Financial Reportlng Standard appllcable in the UK £nd Republic of Ireland IFRS 1021 (effective l January 20191. Objettives and actlvitles The objectives ol the Cofflpany ère to promote any charitable purpose for the bEnEfit of the Inhabitants within Penrith and surrounding district, with the provision of facilities in the interests of social welfare for re¢￿atIon, leisure-time occupation and with the objert of improving the conditions of life for the said inhabitants. Actlvltles carried out over the year include. Swing Dancing, Scottish Dancing, Yoga, Karate, Tai Chi, Adult learnin8 classe5, Art Club Classes and annual art exhibition. The Centre is also a designated polling ststion. Publlc beneflt The trustees have pald due regard to guldance Issued by the Charity Commlsslon in decldlng what activitie5 the charity should undertake. Achievernents and performante Slgftilicont octivities 17nd cchievements ogJin5tobje¢tives The Charf(v ha5 Continued to act according to its aims and objectNes and the Cenrre has contlnued to be used for a wide variety of community activities by both local people and vi51tors to Penrith alike. 2025 has been a very qulet year for the Centres Tru5tee5. 4Eden continues to operate their café which opens 5 week days but opens on a Saturday durlng the summer month5. 4Eden still employs two members of stsff at the centre Admin Asslstant and a caretaker, which they ￿charge the centre for the part time hours thatthey work at the Centre. The new on-llne bookin8 System is operating satisfactorlly with very lew hiccup5. A ccrv system was installed to monitor the coming and goings of the Centre whlch wlll be valuable if any unsocSal behavlour occurs. Th& income from bookings has declined over the year whilst to Cost of the utilities keeps on increasinz. The Olrectors are investigating methtsds of advertising the rooms in the Centre to the general publlc. The WIFI 5y5tern coverin8 every room in the Centre Is operating satlsfactorily, The trustees continue to malntain the structure of the building to a very high standard. The wa115 of the upstalrs main hall were painted following the water damage the prevlous year. At the end of the year there were 11 trustees15 wornen and 6 men) providing a wide spectrum of experience, the Vicar (Rev David Sergeant), one mefflber of Andrews PCC, two church goers and seven laypersons. Unfortunately. a Oirector. Mr5 Robert Angus ret[￿d in the Current year due to111 health. The board of Dlrector5 are alway5 5ookin8 to increase thelr numbers and spectrurn of knosvledge. PENRITH PARISH CENTRE LIMITED TRUSTEES, REPORT IINCLUDING DIRECTORS, REPORTI ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2025 Flnanclal revlew The charity remain5 grateful for the help and support given by government agencie5. charitable trusts and other 50UTce5. Results for the year a￿ shown in the financial statements. The charity generated a total inEome of £33,925 in the year, and an overall expenditure of £43,134. Grdnts and Donatlon5 Received On behalf of Penrlth Parlsh Centre. I gratefully acknowledge the followlng grants and donatlons recelved thls year.. 2025 Gift Aid Donation5 sh Donation5 375 811 The emphasls Is on a contlnual process of Careful financlal management and to Invest the ￿selVeS to optlmlse Income wherever possib￿. The current level of unrestrfcted reserves, £25,956. ¢otnprises of three components, cash flow. contingency and closure. The cash flow cotnponent will ensure the centre oPe￿te$ for the next twelve month5. 311owing tirne for rooro hire to ￿CoVer and the research into future means of generating unrestricted reserves will also continue. The contingency cornponent will manage any large unexpected payment5 over the next twelve month5. The ReseNe Fund wlll be monltored and reported on monthly and revTewed for use next year. Going Concern After analy5[5 of the Charlty's operatlons and finances the Trustees have a vlable expecratlon that the Charltsble Company has adequate resources to contlnue In operational existence for the foresee3ble future. For this reason. they continue to adopt the going concern basis In preparlng the flnanclal statements. Mojor risks A5 Part of the Charity's bu5ine55 and development plan. an as5e5sment was undertaken 3S to the ri5k5 the Charity is exposed to. The Charlty has taken a proèctive stance to reduce Its overall reliance on one or two13rge hirers and to develop a portfolio of funders to further reduce the itnpact any one funding 5trearn may incur. A major part i)f the Charity's partnershSp working is to keep the organisation abreast of any strategic, political or legal changes that could influence the charity. Internal control r15ks are rrinirnised by the implernentation of procedure5 for èuthorisation of 311 transactlon5 and project5. Procedures a￿ In place to ensure compllance wlth health 3nd safety of staff, volunteer5. cllents and vlsltors to the centre. These procedures are periodlcally revlew&d to ensure that they contlnue to meet the needs of the charlty. 5trurture, governan￿ and management Our Company 15 governed by our Memorandum & Article5 which were adopted on l August 2003. PENRITH PARISH CENTRE LIMITED TRUSTEES, REPORT (INCLUDING DIREcfoRS' REPORTI {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 The trustee5. who are also the director5 for the purpose of company law, and who served durlng the year 3nd up to the date of signature of the financlal ststernent5 were.. Mrs M M Alllson Mrs R A Angus Mrs S Barton Mr P Donald MrSJ Harper MrLHope Reverend D G Sargent Mr5 S Thorn50 Mrs J Peall IRes18ned l April 20261 Mr C Harper MrJ Langcake ReuultrnentcT￿d oppointment of trustees The Management committee wlll be appointed at the Annual General Meeting, by proposal, seconded and a vote. All those In the area of benefit and users of the Community cent￿ are welcome to attend. OrgLTnisotion1715tructure The organlsation conslsts of 10 members of a voluntary EMecutNe/Management Committee, 2 paid stsff positions and a numbEr of volunteers. Indurtian (Jnd truinino of trustees New tru5tee5 are supplied with a copy of the Charity Trustees Handbook,. additlonally, they meet with the Chair of the Management Committee and senior stsff who will cover.. -The obllEations of Management Committee members. -The rnain docurnents which set out the operational framework forthe charlty Including the Memorandum and Articles. The current financial position as set out in the latest published accounts. Future plans and objectlves. Trustees ère annually reminded of Charity Commission 8uid8nce of frustee's duties and responsibilitie5 and are aware of the public benefit Buidance when making a deci510ll to which the guidance is relevant. Small company provislons ThSs report has been prepared in accordance with the provisions applicable to Eompanie5 entitled to the small ¢ompanles exemption. The trustees, report was approved bythe Board of Trustees. Mr L Hope Trustee Date.. PENRITH PARISH CENTRE UMITED INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF PENRITH PARISH CENTRE LIMITED l ￿pOrt to the trustees on my examlnation of the flnancial 5tatement5 of Penrith Parish Centre Limited (the charityl for the year ended 31 December 2025. Responsibllltles and bas1$ ol report A5 the trustees of the charity land also its dI￿￿Or$ for the purposes of company lawl, you are responsible for the preparatlon of the flnanclal statement5 in accordance wlth the requlrements of the Companles Act 2006. Havirig satisfied myself that the financial statem&nts of the Charity are not required to be audited under Part 16 01 the Companies Act 2006 and a￿ elieible for independent examination, I report in respect of my examination of the charity's flnanclal ststements carried out under section 145 01 the Charities Act 2011. In carrylng out my examination I have fr)Ilowed the Dlre¢tion5 given by the Chèrlty Comrnlsslon under sectlon 14515llbl of the Charities Act 2011. Independent examlner's Statement I have cotnpleted my examlnation. I conflrm that no matters have come to my aitention in connection with the examination glving me cause to believe that in any material re5pect-. accounting records were not kept In respect of the charity 05 required by Section 386 of the Cornpanies Act 2006. the fin¥ncial statements do not accord with those records.. or the flnanclal statements do not ¢omply with the accounting requirements of section 396 of the Companles Act 2006 other than any requirement th3t the financièl statements give a true and falr vlew, whlch Is not a matter considered as part of an independent examination." or the flnanclal statements have nor been p￿pa￿d in accordance with the methods and principles of the Statement of Recommended Practite for 3ccounting and reporting by charltles appllcable to charlties preparlng their f4nènclal ststements in accordance with the Flnancial Reportin8 Standard applicable in the UK and Republic of Ireland IFRS 1021. I have no conTrrns and have come ècross no other rnatter5 in connection with the examination to whlch attention should be drawn In thls report in orderto enable a proper understanding of the financial ststements to be reached. lan Thomp50n BAIHons1, FCA Saint & Co 4 M8son Court Gillan Way Penrlth Cumbria CAII 9GR Date.. PENRITH PARISH CENTRE LIMITED STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2025 Unrestrirted fund5 zozs Unrestrlded fund5 2024 Notes Intome from: DonatlOn5 and legacies 1,186 32,274 465 2,395 35,821 606 Investment5 Total Income 33,925 38.822 Expenditur¢ on.. Charitable activitles 43,134 37,479 Total expendliure 43,134 37,479 Net in¢omellExpenditurel and movement Inlunds 19.2091 1,343 ReconcS1iatlon of funds: Fund balances at l January 2025 35.165 33,822 Fund balance5 at 31 December 2025 25,956 35,165 The statement of flnancial attNities include5 all gains and losses recognised in the ye3r. All Income and eXpendItu￿ dErive from continuing activities. PENRITH PARISH CENTRE LIMITED STATEMENT OF FINANCIAL POSITION ASAT 31 DECEMBER 2025 202S 2024 Notes Flxed 8$set$ Tanglble assets 12 4,015 5.019 Current a55etS Oebtors Cash èt bank and In hand 13 1.138 21.653 3,354 27,642 22,791 18SOI 30,996 18501 Credilovs.. amounts fallinR due within one yeor Net ¢urrènt 455ets 21,941 30,146 Total assets less curient Ilabllltles 25,956 35,165 The fund5 of the charlty Unrestricted funds 15 25,956 35.165 25.9S6 35.165 The cornpany 15 entitled to the exemptlon from the audit reqUirer￿n1 contslned in section 477 of the Companles Act 2006, for the year ended 31 December 2025. The dlrectors acknowledge thelr responsibilities for complying wlth the requirement5 of the Companies Act 2006 with respect to accountlng records and the preparatSon of flnanclal statements. The mernbers have not required the company to obtain an audit of Its flnanc131 stètements for the year in question in ccordonce wf(h Section 476. These financial statements have been prepared in accordance wSth the provision5 applicable to companies sublect to the small companles reglme. The financial 5tatement5 were appmved by the trustees on.. LHO Trustee PENRITH PARISH CENTRE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Accountlng politjes Charlty Informatlon Penrith Parish Centre Limited Is a prniate company 11mited by guarantee incorporated in England and Wales. The registered offlce Is Penrith Pèrish Centre, Saint Andrews Place. PÈnrith, Cumbria. CAII 7XX. The members of the company are the Trustees named on page 3. In the event of the company beln8 wound up, the liability in respect of the guarantee Is lirnited to £10 per mernber of the companv. 1.1 88515 of preparation The financial statements hève been prepared in a¢cordance with the charity's governing document, the Companles Act 2006, FRS 102 'The Financial Reporting Standard applicable in the UK and Republic ol Ireland" I'FRS 102,1 and the Charities SORP 'Accounting ènd Reporting by Charities.. Statement of Recommended Practice applicable to ch3ritie5 preparing their accounts in accordance wlth the Financi31 Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" (effective l January 20191. The Charity is a Public Beneflt Entity as defined by FRS 102. The charlty has taken advantage of the provlslons In the SORP for charitie5 not to prepare a Statement of Cash Flows. The financial statements are prepared in sterling. which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepa￿d under the historical cost convention. The prlncipal accounting policie5 adopted are set out below. 1.2 Going ¢on¢Èrn At the time of approving the financlal st8tem2nts. the trustees have a re3sonabSe expectation that the charity ha5 adequate re50urce5 to continue in operational existence for the foreseeable futu￿. Thus the trustees continue to adopt the going concern basis of accountlng in preparing the financial statements. 1.3 Charltable funds Unrestricted funds are available for use at the discretion of the trU￿ee5 in furtherance of their ch3rlt3ble objectives. Restricted funds a￿ subject to speciPic conditlons by donor5 or grantors ès to how they rn3y be used. The purposes and uses of the restricted fund5 are Set out in the note5 tts the financial statements. 1.4 Income All incorrinE ￿sOUrceS are included in the Statement of financial attivities when entidement has passed to the charityj it 15 prob3ble that the economic benefits associated with the transaction will flow to the charity ènd the amount can be reliably measured. The following specific policies are applied to particular categorie5 of income: income from donations or grants is recognised when there Is evidence of entitlement to the gift, receipt is probable and its amount can be rneasu￿d reliably. legacy incomels recognised when receipt is probable and entitlement is established. Income from donated goods is rneasured at the fair value of the goods unless this is impractical to measure reliablyi in which case the v4lue is derived from the cost to the donor or the Èstimated resale value. Donated facilities and Services are recognised in the accounts when received if the value can be reliably measured. No amounts are Included forthe contribution of general volunteers. Income from contracts for the supply of servi￿5 is recognlsed with the delivery of the contracted service. This is classified as Un￿strICted funds unless there is è contractual requ1￿Ment for it to be spent on a partlcular purpose and returned If unspent. In whlch case It may be regarded a5 restrlcted. PENRITH PARISH CENTRE LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR EAIDED 31 DECEMBER 2025 A¢¢rrt4nting policie5 Icontlnuedl 1.5 Expendlture Expenditure Is re¢oEnised on an accrua15 basis as a Ilabllity Is incurred. Expenditu￿ includes any VAT whlch cannot be fully ocovered, ancs is classified under he8dln8s ol the staternent of financial 3Ctivitie5 to which it relates.. • expendlture on Taising funds includes the costs of all fundralslng activitles, events, non-charitable trading ¢rivitie5, and the sale of donated goods. expenditure on charitable activitles includes 811 costs incurred by a charity in undertzklng 3Ctlvltles that further its charitable aim5 for the benefit of it5 beneficiaries, including those suppon costs and costs relating to the governance of the charity apportioned to charltable activitie5. other expenditure includes all expenditure that is neither related to raising fund5 for the charity nor part of its Expenditure on charltable actlvities. All costs are allocated to ￿pendIture categorie5 reflecting the use of the resource. DI￿¢t costs attrlbutsble to a single activity a￿ allocated directly to that activity. Shared costs are apry)rtioned between the activltle5 they contribute to on a reasonable. justifiable and cons5stent ￿$1$. 1.6 Tanglble fixed assets Tangible fixed a55ets are Inltlally measu￿d at cost and subse4uently measured at cost or valuation. net of depreciatlon and any irnpairment losses. Depreciation is recognlsed so as to write off the cost or valuation ol ès5ets1e5S their resldual values over thelr useful live5 on the following bases.. F￿ehOld land and bulldSngs Plant and equiprnent Fixtures and fSttin8S Computer5 20% Reduclng Balance 20% Reducing Balance 20% Reduclng Balance 20% Reduclng Balance The galn or loss arising on the di5POS31 of an asset is determined as tho difference between the ￿le proceeds and the carrylng value of the a55et. and Is recognised in the statement ol financial actlvltles. 1.7 Impalrment of Ilxed a55ets At each reportlng end date, the charity revlews the carryin8 amounts ol its tangible a55ets to deterrnlne whether there 15 any Indlcation that those assets have suffered an irnpairrnent loss. If any such indlcation exists, the recoverable amount of the assetls estlmated in order to determine the extent of the impairment105s lif any), 1.8 Cash and cash equlvalents Cash and cash equivalents include cash In hand, deposits held èt call with banks. other short-term liquid inVE5tmen15 wlth original maturltles of three months or less, and bank overdrafts. 8ank overdrafts are shown within borrowing5 in PENRITH PARISH CENTRE LIMITED NOTESTO THE FINANCIAL STATEMENTS {CONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2025 A￿ountIng policies Icontlnuedl 1.9 Flnan¢lal instruments The charity has elected to appiy the provlslons of Section 11 'Ba$ic Financial Instruments, and Section 12 '0ther Flnanclal Instruments Issue￿ of FRS 102 to all of its financial instruments. Financial instrurnents are reco8nised in the charity's balance sheet when the charity becomes party to the contractual provisions of the Instrument. Financial assets and Iiabillties are offset, with the net amounts presented in the financial 5tJtements, when there is a legally enforceable riEht to set off the recoÈnised amounts and there 15 an intention to settle on a net ba515 or to realise the asset and settle the liability 5irnultaneously. 8ositJlnunciolossets Bèsic financial a55ets, which include debtors and cash and bank balances, 3re initlally measured at transaction price including tr3nsaction cost5 and are subsequently carrled at amortised cost using the effective interest method unless the arrangement constitutes a fin8ncing transaction, wherè the transa¢tion 15 tneasurÈd at the pre5Ent value of the future ￿CeIpts dlscounted at a rnarket rate of inte￿5t. Financial a55ets cla55ified as receivable within one year are not amortised. Bosicfinonciol Irobilltles Basic financial liabilities, including creditors and bank loans are Initially recognlsed at transaction prlce unless the 3rran8ement constitutes a financing transactlon. where tho debt instrument Is measured at rhe present value of the future payments dlscounted at a market rate of inte￿$t. Finèn¢ial lobilities classified as payable wrchin one year are not 8mortised. Debt instruments are 5ub5equently carried at amortised cost. uslng the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers, Amounts payable are classified as current 113bilitles If payment Is due wlthin one year or le55. If not. they are presented Zs non-current liabilities. Trade crÈdltors are recognised inltially at transartion price and subsequently MeasU￿d at amortised c05t U5in8 the effective interest rnethod. Derecognltlon oAflnotrJ¢lolll¢ybllftles Financial liabilities are derecognised when the charit¢5 contractual obligations expire or are discharged or cancelled. Crltlcal airountln8 e5tlmates and judgement5 In the appllcation of the chèrity's ac¢ountin& pOI￿leS. the trustees are reqUI￿d to make jud8ements, estimates and assumptlons about the carrying amount of assets and liabilities that are not readily apparent from other source5. The estimates and ès50Clated assumption5 are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estlmates. The estimates ènd underlying assurnptions are reviewed on an ongoing basis. Revisions to accounting estirnate5 are recogni5ed in the period In which the Èstimate is revlsed where the revision affects only that period, or In the perlod of the revision 8nrl future periods where the revision affect5 both current and future periods. PENRITH PARISH CENTRE LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR EIVDED 31 DECEMBER 2025 Income from donatk>ns and14Bacles Unre5tricled funds 2025 Unrestflcted fvnd$ 2024 Donatlons and gifts 1.186 2,395 Donatlon5 and glfts Gift Aid Cash Donations 375 811 1.405 990 1,186 2,395 Income from ¢harltable activities Unrestrlcted funds 2025 Unrestritted funds 2024 Room lettlngs Charitable rental Income 32,274 35.821 Income Irom in¥t5trnent5 Unre51ricted lund$ 2025 Unrestrirted funds 2024 Interest recelvable 465 606 10- PENRITH PARISH CENTRE LIMITED NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2025 Expertditure on charitable activitles Room lettlngs Room lettln85 2025 Z024 Dlrect costs Depreciation and impairment PrerDi5e5 Costs 1,004 40,962 1,255 35.026 41,966 36.281 Share of support and Bovernance ctssts1s•o note 71 Governance 1,168 1,198 43,134 37.479 Analysis by lund Unrestricted funds 43,134 37,479 Support