2022-12-31-accounts

Contents
Legal and Administrative Information.
The Report ofthe Trustees.
Our values. ..
Vision, objects ofthe Charity and public	benefit.
Structure, Governance and Management
Financial Review.
Achievement and Performance.
Statement ofTrustees' Responsibilities.
Independent auditor's report to the Members ofThe Pennies Foundation
Statement offinancial activities (incorporating	an income and expenditure	account) ...
Balance sheet
Statement of Cash Flows.
Notes to the financial statements.

Registered	Registered	Charity Numbers:	Charity Numbers:	Charity Numbers:
England	and Wales				1122489
Republic	of		Ireland		20106331
Isle of Man					12?5
Company		Registration		Numbers:
England and Wales Isle of Man					06418982 006181F
Governing		Instrument			Articles ofAssociation				(Amended	12August 2019)
Trustees					Robert Leitlo				Chair
					Peter Ayliffe				Audit Committee		member
					Graham Edwards				Audit Committee		Chair
					lan Filby				Resigned	4 April	2023
					Penny Lovell
					Julian Taylor				Audit Committee		member
					Leigh Thomas
					Angela Luger				Appointed	12 December 2022
Chief Executive					Alison Hutchinson		CBE
Registered		Office			First Floor
and Business Address					64 London Wall
					London
					EC2M 5TP
Bankers					HSBC Bank pic
					94 Kensington	High Street
					London
					W8 4SH
Auditors					RSM UK Audit	LLP
					25 Farringdon	Street
					London
					EC4A 4AB
Solicitors					Simmons 8 Simmons			LLP
					City point
					One Ropemaker		Street
					London
					EC2Y9SS
Website					www. ennies.	or	.uk

					2022			2021
			Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
		Note					F	f.
Income from:
Donations		2	1,144,291	6,287,984	7„432,275	1,028,574	5,446,102	6,474,676
In~stments		2	2,233		2,233	163		163
Total income			1,146,524	6,287,984	7,434,508	1,028,737	5,446,102	6,474,839
Expenditure on:
Charitable activities			1,270,127	6,287,984	7,558,111	1,090,685	5,446,102	6,536,787
Total expenditure			1,270,127	6,287,984	7,558,111	1,090,685	5,446,102	6,536,787
Net (expenditure)	for the year		(123,603)		(123,603)	(61,949)		(61,949)
Transfers between	funds			(45,944)		11,588	(11,588)
Net movement in	funds		(77,659)	(45,944)	(123,603)	(50,361)	(11,588)	(61,949)
Reconciliation of	funds:
Total funds brought	forward	17a	1,465,416	45,944	1,511,360	1,515,776	57,532	1,573,308
Total funds carried forward			1,387,757		1,387,757	1,465,416	45,944	1,511,360

				Note		2022f		2021
Fixed assets:
Intangible assets				10		88,197		96,950
Tangible assets				11		63,699		77,378
Inmstments				12		1		1
						151,&97		174,329
Current assets:
Debtors					1,001,425		1,073,051
Cash at bank and	in	hand			2,077,178		1,878,695
					3,078,603		2,951,746
Liabilities:
Creditors: amounts		falling due within	one year	15	(1,842,743)		(1,614,716)
Net current assets						1,235,860		1,337,030
Total assets less	current liabilities					1,387,757		1,511,360
Total net assets						1,387,757		1,511,360
The funds ofthe	charity:
Restricted income	funds			16				45,944
Unrestricted income		funds:
General funds					1,387,757		1,465,416
Total unrestricted	funds					1,387,757		1,465,416
Total charity funds						1,387,757		1,511,360

						Note		2022		2021
								f
Cash flows from operating			activities			18		231,024		(265,229)
Cash flows from investing			activities:
Interest income							2,233		163
Purchase	of intangible fixed	assets					(30,949)		(9,951)
Purchase	oftangible axed assets						(3,825)		(1,948)
Net cash	(used in) investing		activities					(32,541)		(11,736)
Change	in cash and cash	equivalents		in	the year			198,483		(276,965)
Cash and	cash equivalents	at the beginning			ofthe year			1,878,695		2,155,659
Cash and cash equivalents			at the end	of	the year			2,077,178		1,878,695

The following grants to charities	The following grants to charities		were payable	were payable	were payable	to institutions	during	the year:
									2022	2021
										F
Action Against Hunger									27,286	20,085
Action Aid									7,803
Age UK									123,773	199,682
Alz heim er's Society									145,669
Barnardo's									11,348	6,241
Barretstown									27,384	34,335
BBCChildren in Need										11,339
BEN Motor and Allied Trades Benevolent					Fund				5,858	21,192
Birmingham Children's Hospital		Charity							86,461	79,709
Bloodwise									17,832
Blue Cross									29,931	1,389
British Heart Foundation									102,307	93,444
British Paralympic Association									7,539	60,165
CATTs (Cancer Awareness	for	Teens and			Twenties)				6,391	12,270
Children On The Edge									35,623	12,160
Children's Hospices Across Scotland									3,185	5,539
Choose Love (Prism the Gift Fund)									16,063
Clic Sargent Cancer Care for Children									38,345	56,883
Conservation International									13,560
Crisis UK									12,346	8,706
Dementia Adventure Trust									1,295	5,119
Disasters Emergency Committee									362,845
Fight for Peace International									29,349
Glasgow Children's Hospital Charity									36,881	29,048
Grace House North East									5,053	7,922
Great Ormond Street Hospital		Children's			Charity				205,932	248,337
Greenfingers Charity									2,600	6,008
Hendy Foundation									14,688	15,643
Home-Start UK									5,863	15,643
Hospice UK									42,269	30,550
icandance									42,587
Isle of Play									5,772	5,390
Jersey Children's Charity									7,607	8,181
Kent, Surrey and Sussex Air Ambulance									2,363	5,297
Kent Wildlife Trust									8,282
Learning Foundation									163,832
Leeds Cares									19,309	17,072
Macmillan Cancer Support									804,317	725,463
Macmillan Cancer Support	Jersey								21,148	16,869
Maggie Keswick Jencks Cancer			Caring						64,022	6,683
Make-A-Wish Foundation	UK								3	32,302
Mental Health Foundation									64,150	77,289
MIND (National Association	for Mental			Health)					67,991	23,818
Moto in the Community									92,057	78,526
My Canine Companion									40,407
Newcastle upon Tyne Hospitals			NHS Charity						5,993	7,449
NHS Charities Together									5,272	105,293
Noah's Ark Children's Hospital		Charity							15,532	14,467
Northern Ireland Hospice									28,389	32,607
Papyrus Prevention ofYoung Suicide									12,019	16,081
Poundland Foundation									133,422	123,965
Sub total									3,029,953	2,278,161

camed forward from previous	camed forward from previous	page	page			3,029,953	2,278,161
Prostate Cancer UK						26,845
Rays ofSunshine						25,000
Scottish Mountain Rescue						7,165
Shooting Star Chase							7,587
Special Olympics GB						176,415	67,209
Spread a Smile						21,893	67,209
Royal Marines Association	—The Royal			Marines	Charity	30,062
Royal Society ofWildlife Trusts						35,813
Teenage Cancer Trust						665,838	866,288
Teens Unite Fighting Cancer						11,465	17,563
The Adnams Community Trust						6,750	23,793
The Alder Hey Children's Charity						86,327	79,709
The Childhood Trust						12,507	233
The Children's Hospital Charity						18,157	18,563
The English Heritage Trust						17,679	2,133
The JD Foundation						317,278
The National Society for the		Prevention		of Cruelty	to Children	125,522	5,896
The National Trust						24,965	64,658
The National Trust for Scotland						2,071	8,100
The Prince's Trust						61,782	278,457
The Royal British Legion						1,431	10,919
The Royal Marsden Cancer		Charity				59,075
The Save The Children Fund						73,303
The Screwfix Foundation						835,640	1,147,097
Together for Short Lives						118,711	31,147
Tommy's							32,298
Twycross Zoo —East Midland			Zoological Society		Ltd	6,012	6,791
United Kingdom for UNHCR						28,711
Veterans Garage Limited						1,964	6,084
Wallace 8 Gromit's Children's			Foundation			86,239	79,709
Whizz-Kidz							32,298
Wilderness Foundation UK						61,530	69,808
Wolverhampton Wanderers		Foundation				5,895	5,502
Grants payable on accrued		donations		as at the year end		84,496	158,661
Other grants equal to or less than E5,000						191,490	80,229
Total grants payable						6,257,984	5,446,102

This is sta	ted	alter char	g	ing:
						2022	2021
						F	F
Depreciation		oftangible		fixed assets		17,504	16,699
Amortisation		of intangible		fixed	assets	39,702	38,541
Operating	lease rentals:
Property						39,716	35,657
Other						798	732
Auditors'	remuneration		(including		VAT):
Audit	fees					31,740	26,028

				2022	2021
Salaries and wages				786,572	664,806
Social security costs				86,720	69,734
Employer's contribution	to defined	contribution	pension schemes	53,494	56,867
Staff Recruitment costs				12,512	824
Other staff costs				4,418	569
				943,716	792,800

2022	2021
No.	No.

					2022	2021
					F	F
Salaries and	wages				201,854	177,920
Social security costs					25,400	21,099
Employer's	contribution	to defined	contribution	pension schemes	41,321	46,850
					268,575	245,869

Statf are	split across the activities	split across the activities	ofthe charitable	company	as follows	(full time equivalent	basis):
								2022	2021
								No.	No.
Charitable		Activities						12	11
Support	8	Governance						5	4
									15

Intangible fixed assets
	Under	Systems	Other computer
	construction	soRware	software	Tota I
	F	F	F
Cost
At the start ofthe year		85,311	169,608	254,919
Transfers		(3,744)	3,744
Additions in year	25,260		5,689	30,949
At the end ofthe year	25,260	81,567	179,041	285,868
Amortlsation
At the start ofthe year		18,205	139,764	157,969
Charge for the year		16,314	23,388	39,702
At the end ofthe year		34,519	163,152	197,671
Net book value
At the end ofthe year	25,260	47,048	15,889	88,197
At the start ofthe year		67,106	29,844	96,950

					Oflice 8
			Leasehold	Oflice	Computer
			Improvements	Furniture	equipment	Total
			F	f	E	E
Cost
At the	start ofthe year		82,822	26,537	26,863	136,222
Additions		in year			3,825	3,825
At the	end	ofthe year	82,822	26,537	30,688	140,047
Depreciation
At the	start ofthe year		27,908	8,886	22,050	58,844
Charge	for	the year	10,803	3,461	3,240	17,504
At the	end	ofthe year	38,711	12,347	25,290	76,348
Net book		value
At the	end ofthe year		44,111	14,190	5,398	63,699
At the	start ofthe year		54,915	17,651	4,813	77,378

Debtors
	2022	2021
Other debtors	789,243	663,335
Accrued income	132,952	348,728
Prepayments	54,293	36,051
Rent deposit	24,937	24,937
	1,001,425	1,073,051

15.	Creditors: amounts falling due	within one year
				2022f	2021
	Trade creditors			59,709	47,572
	Amounts due to subsidiary			1	1
	Taxation and social security			26,532	24,591
	Grant accruals			1,639,867	1,429,163
	Other accruals			116,634	113,388
				1,842,743	1,614,715
16a	Analysis ofnet assets between	funds (current year)
			General
			unrestricted	Restricted	Tots I funds
			E
	Intangible lixed assets		88,197		88,197
	Tangible fixed assets		63,699		63,699
	Investments		1		1
	Net current assets		1,235,860		1,235,860
	Net assets at 31 December 2022		1,387,757		1,387,757
16b	Analysis ofnet assets between	funds (prior year)
			General
			unrestricted	Restricted	Total funds
				E
	Intangible lixed assets		96,950		96,950
	Tangible fixed assets		77,378		77,378
	investments		1		1
	Net Current assets		1,291,087	45,944	1,337,031
	Net assets at 31 December 2021		1,465,416	45,944	1,511,360

Movements in	fund	s (current ye	ar)
							At 31
			At 1 January	Income 8	Expenditure &	Transfers	December
			2022	gains	losses	in/(out)	2022
Restricted funds:
Pennies donations				6,257,984	(6,257,984)
CRM system fund			45,944			(45,944)
Other restricted	fund			30,000	(30,000)
Total restricted	funds		45,944	6,287,984	(6,287,984)	(45,944)
General funds			1,465,416	1,146,524	(1,270, 127)	45,944	1,387,756
Total unrestricted		funds	1,465,416	1,146,524	(1,270,127)	45,944	1,387,756
Tota I funds			1,511,360	7,434,508	(7,558,111)		1,387,756

					2022	2021
Net (expenditure) for	the reporting		period		(123,603)	(61,949)
(as per the statement	offinancial		activities)
Depreciation charges					57,206	55,240
Interest from investments					(2,233)	(163)
Decrease/(Increase) in	debtors				71,626	(562,730)
Decrease in creditors					228,028	304,374
Net cash provided by/(used		in) operating		activities	231,024	(265,228)