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2022-03-31-accounts

Charity registration number 1122618

Company registration number 06227100 (England and Wales)

PEN GREEN CENTRE

ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

PEN GREEN CENTRE

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees J L Armstrong
K J Bartley
Prof. C Pascal
R J Orr
R Scott
T Smith
A Prodger
F Dewsbery
A K Cooper
Secretary M Palazzo
Charity number 1122618
Company number 06227100
Registered office Pen Green Research Base
Rockingham Road
Corby
Northamptonshire
NN17 1AG
Auditor Moore
Oakley House
Headway Business Park
3 Saxon Way West
Corby
Northamptonshire
NN18 9EZ

PEN GREEN CENTRE

CONTENTS

Page
Trustees' report 1 - 3
Statement of trustees' responsibilities 4
Independent auditor's report 5 - 7
Statement of financial activities 8
Balance sheet 9
Statement of cash flows 10
Notes to the financial statements 11 - 16

PEN GREEN CENTRE

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 MARCH 2022

The trustees present their annual report and financial statements for the year ended 31 March 2022.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019).

Objectives and activities

The objectives of the charity are:

The charity takes advantage of grants available to ensure it reaches its objectives.

The trustees have given careful consideration to the public benefit guidance issued by the Charity Commission in deciding what activities the charity should undertake.

The main activities undertaken to further the charity’s purposes for the public benefit were as follows:

  1. During the year the charity has continued to make a supply of education under a Tri-party sub-contract agreement between the charity, the University of Hertfordshire Higher Education Corporation and Pen Green Research, Training and Development Base (PGRB). Courses delivered include: FdA; BA (Hons) Top Up, and MA programmes in Early Childhood and Education (Integrated Working with Families and Children). This agreement is in place until 31 August 2026. The high level of successful completion and qualifications attained by students who have followed these courses has undoubtedly benefited the public good by increasing the supply of qualified practitioners in the early years and childcare sector. The research undertaken by students on advanced studies is published and disseminated.

  2. In the year the charity has also started the delivery of the Early Years Educator Level 3 Apprenticeships in association with The Recalvi Enterprise, trading as Apprenticeship Connect. This initiative enables students from a broader range of educational backgrounds to pursue work-place based qualifications to the benefit of the children, families and communities that their work-place serves.

  3. The charity has also been working on the following projects that impact directly upon the well-being of children and their families in the local area:

  4. Continuation of The Young Parents project funded by the Horner Foundation. This project focuses on the health, education and social supports for young parents in Corby

  5. Continuation of The Tiny Babies – Big Lives (Prem babies/SEND) project. This project focuses on the continuing support for young children with SEND and their families in Corby and the surrounding area. The project was funded jointly by the Sobell Foundation and The Baily Thomas charity.

  6. 1 -

PEN GREEN CENTRE

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

  1. The charity has continued to contribute to the advancement of education and training through the delivery of two national projects commissioned by the Department for Education and building upon the research work undertaken by staff. In 2021/22 these were:

  2. Completion of work on behalf of the Department for Education to develop the Help for Early Years Providers’ Guidance to support the early years sector with implementation of the reformed EYFS. The charity was awarded 6 lots in 2020/21 which included Communication and Language, Mathematics, Personal Social & Emotional Development. Physical Development, Understanding the World, and Expressive Arts & Design. As part of the project, we worked with three early years teaching centres in Corby, Bristol and Kenilworth.

  3. Working on behalf of the Department for Education to develop the content on their existing online service by writing research articles corresponding to each of the seven areas of learning.

Achievements and performance

Criteria used to assess success

The trustees monitor the year-on-year levels of take-up on the courses offered and the percentage of successful completions which, in the reporting year, maintained consistently high levels. In addition to receiving regular performance reports from project leads, the trustees also receive feedback from sponsoring bodies such as the Sobell Foundation, The Baily Thomas charity and the Department for Education on the successful delivery of the funded projects in line with the success criteria set out for these projects.

Financial review

The charity operates with a general fund which covers all normal charitable costs and restricted fund which holds grant funded charitable projects. At the year end the charity held £14,072 (2021: £24,406) in general reserves and £nil (2021: £nil) in the restricted fund.

As the charity's work and research is project based all future cost should be covered by grant funding and the general reserve is sufficient to provide support for the foreseeable future.

Risk managements are made at the centre on an ongoing basis and fully reviewed whenever significant changes are made.

The risk management strategy comprises:

Structure, governance and management

Pen Green Centre is a company limited by guarantee governed by its Memorandum and Articles of Association dated 13 February 2007, as amended on 15 October 2013. It is registered as a charity with the Charities Commission.

Anyone over the age of 18 can become a member of the company, and each member agrees to contribute £10 in the event of the charity winding up.

PEN GREEN CENTRE

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

Prof. C Trevarthen (Resigned 25 November 2021) J L Armstrong K J Bartley Prof. C Pascal R J Orr R Scott T Smith A Prodger F Dewsbery A K Cooper

All trustees have current or prior personal and/or professional experience of relevance to Pen Green Centre and its work. The Charity does not currently employ any staff although it has the capacity to do so. It contracts with the Pen Green Integrated Centre for Children and their Families for the provision of staffing, leadership, and premises to support the aims of the Charity under a Collaboration Agreement. A limited number of trustees are also senior staff employed by the Pen Green Integrated Centre or are Governors of the Integrated Centre. Several Trustees attend the Integrated Centre's Research Training and Development Steering Group/ Governance Sub-committee meetings in an advisory capacity.

The charity had nine trustees at the year-end, all of whom have been appointed directors. Collectively they will make the final decisions with regard to staffing, recruitment, policy making and finance. They meet at least twice a year. Sub-groups dealing with finance and day to day management meet on a monthly basis.

Auditor

Moore were appointed as auditor to the company and a resolution proposing that they be re-appointed will be put at a General Meeting.

Disclosure of information to auditor

Each of the trustees has confirmed that there is no information of which they are aware which is relevant to the audit, but of which the auditor is unaware. They have further confirmed that they have taken appropriate steps to identify such relevant information and to establish that the auditor is aware of such information.

The trustees' report was approved by the Board of Trustees.

K J Bartley

Trustee Dated: 8 November 2022

PEN GREEN CENTRE

STATEMENT OF TRUSTEES' RESPONSIBILITIES

FOR THE YEAR ENDED 31 MARCH 2022

The trustees, who are also the directors of Pen Green Centre for the purpose of company law, are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company Law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.

In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

PEN GREEN CENTRE

INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF PEN GREEN CENTRE

Opinion

We have audited the financial statements of Pen Green Centre (the ‘charity’) for the year ended 31 March 2022 which comprise the statement of financial activities, the balance sheet, the statement of cash flows and the notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion:

PEN GREEN CENTRE

INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF PEN GREEN CENTRE

Responsibilities of trustees

As explained more fully in the statement of trustees' responsibilities, the trustees, who are also the directors of the charity for the purpose of company law, are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

Explanation as to what extent the audit was considered capable of detecting irregularities, including fraud

The objectives of our audit in respect of fraud, are; to identify and assess the risks of material misstatement of the financial statements due to fraud; to obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatement due to fraud, through designing and implementing appropriate responses to those assessed risks; and to respond appropriately to instances of fraud or suspected fraud identified during the audit. However, the primary responsibility for the prevention and detection of fraud rests with both management and those charged with governance of the company.

Our approach was as follows:

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at: http://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

PEN GREEN CENTRE

INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF PEN GREEN CENTRE

Use of our report

This report is made solely to the charity’s trustees, as a body, in accordance with part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Andrew Page (Senior Statutory Auditor) for and on behalf of

9 November 2022

Chartered Accountants Statutory Auditor

Oakley House Headway Business Park 3 Saxon Way West Corby Northamptonshire NN18 9EZ

PEN GREEN CENTRE

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2022

Unrestricted
Restricted
funds
funds
2022
2022
Notes
£
£
Income from:
Donations and legacies
3
199
117,286
Other trading activities
4
-
1,282,403
Investments
5
2
-
Total income
201
1,399,689
Expenditure on:
Charitable activities
6
10,535
117,286
Other
9
-
1,282,403
Total expenditure
10,535
1,399,689
Net expenditure for the year/
Net movement in funds
(10,334)
-
Fund balances at 1 April 2021
24,406
-
Fund balances at 31 March
2022
14,072
-		 Total Unrestricted
Restricted
funds
funds
2022
2021
2021
£
£
£
117,485
1,442
88,873
1,282,403
-
653,150
2
7
-
1,399,890
1,449
742,023
127,821
6,845
88,873
1,282,403
-
653,150
1,410,224
6,845
742,023
(10,334)
(5,396)
-
24,406
29,802
-
14,072
24,406
-		 Total
2021
£
90,315
653,150
7
743,472
95,718
653,150
748,868
(5,396)
29,802
24,406

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

PEN GREEN CENTRE

BALANCE SHEET

AS AT 31 MARCH 2022

2022
Notes
£
Current assets
Debtors
11
116,806
Cash at bank and in hand
322,862
439,668
Creditors: amounts falling due within
one year
12
(425,596)
Net current assets
Income funds
Unrestricted funds		 2021
£
£
355,140
82,989
438,129
(413,723)
14,072
14,072
14,072		 £
24,406
24,406
24,406

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2022, although an audit has been carried out under section 144 of the Charities Act 2011.

The directors acknowledge their responsibilities for ensuring that the charity keeps accounting records which comply with section 386 of the Act and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its incoming resources and application of resources, including its income and expenditure, for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Trustees on 8 November 2022

K J Bartley Trustee

Company Registration No. 06227100

PEN GREEN CENTRE

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2022

Notes
Cash flows from operating activities
Cash generated from/(absorbed by)
operations
14
Investing activities
Investment income received
Net cash generated from investing
activities
Net cash used in financing activities
Net increase/(decrease) in cash and cash
equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year		 2022
£
2		 £
239,871
2
-
239,873
82,989
322,862		 2021
£
7		 £
(15,945)
7
-
(15,938)
98,927
82,989

PEN GREEN CENTRE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

1 Accounting policies

Charity information

Pen Green Centre is a private company limited by guarantee incorporated in England and Wales. The registered office is Pen Green Research Base, Rockingham Road, Corby, Northamptonshire, NN17 1AG.

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102.

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 prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2 Going concern

Whilst the impact of coronavirus has dissipated to some degree, the legacy of its effect continues to be felt throughout most sectors of the economy. Going concern is therefore an important area that the trustees are keeping under close scrutiny. No immediate concerns in relation to the company’s long term future have been identified, but this area continues to be monitored. The trustees are satisfied that the steps they have taken in the short term are appropriate and effective.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.

1.4 Income

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

1.5 Expenditure

Liabilities are recognised as resources expended when there is a legal or constructive obligation committing the charity to the expenditure.

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings 25% reducing balance basis Computers 33% reducing balance basis

PEN GREEN CENTRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

1 Accounting policies

(Continued)

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks and other short-term liquid investments with original maturities of three months or less.

1.8 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using 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 liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.9 Taxation

As a charity, Pen Green Centre, is exempt from tax on income and gains falling within Section 478 of the Corporation Taxes Act 2010, or Section 256 of Taxation of Chargeable Gains Act 1992. No charges have arisen.

1.10 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

PEN GREEN CENTRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

2 Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates 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 periods where the revision affects both current and future periods.

3 Donations and legacies

Unrestricted
Restricted
funds
funds
general
2022
2022
£
£
Donations and gifts
199
-
Grant income
-
117,286
199
117,286
Grants receivable for
core activities
Department for Education
-
53,750
Sobell Trust and The
Baily Thomas Charity
-
32,750
Horner Foundation
-
30,786
-
117,286		 Total
Unrestricted
funds
2022
2021
£
£
199
1,442
117,286
-
117,485
1,442
53,750
-
32,750
-
30,786
-
117,286
-		 Restricted
funds
general
2021
£
-
88,873
88,873
70,500
-
18,373
88,873		 Total
2021
£
1,442
88,873
90,315
70,500
-
18,373
88,873

4 Other trading activities

Restricted
funds
general
2022
£
Tuition fees
1,282,403
1,282,403		 Restricted
funds
general
2021
£
653,150
653,150

PEN GREEN CENTRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

5 Investments

Unrestricted Unrestricted
funds funds
2022 2021
£ £
Interest receivable 2 7

6 Charitable activities

2022
£
117,286
10,535
127,821
10,535
117,286
127,821
2022Support costs Governance
costs
£
£
£
-
-
100
6,288
-
5,700
-
-
96
110
-
137
35
-
35
960
-
537
-
-
240
3,142
-
-
10,535
-
6,845
10,535
-
6,845		 2021
£
88,873
6,845
Recharged staff costs
Share of governance costs (see note 7)
Analysis by fund
Unrestricted funds
Restricted funds - general
Support costs
Support
costs
Governance
costs
£
£
Depreciation
-
-
Audit fees
-
6,288
Advertising
-
-
Bank charges
-
110
Annual ICO registration
-
35
Insurance
-
960
Accountancy
-
-
Membership fees
3,142
-
10,535
Analysed between
Charitable activities
-
10,535
95,718
6,845
88,873
95,718
2021
£
100
5,700
96
137
35
537
240
-
6,845
6,845

7 Support costs

Governance costs includes payments to the auditors of £6,288 (2021: £5,700) for audit fees.

PEN GREEN CENTRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

8 Employees

There were no employees during the year.

9 Other

Tuition fees
10
Tangible fixed assets
Fixtures and
fittings
£
Cost
At 1 April 2021
4,317
At 31 March 2022
4,317
Depreciation and impairment
At 1 April 2021
4,317
At 31 March 2022
4,317
Carrying amount
At 31 March 2022
-
At 31 March 2021
-
11
Debtors
Amounts falling due within one year:
Trade debtors
Other debtors		 Restricted
funds
general
2022
1,282,403
1,282,403
Computers
£
3,256
3,256
3,256
3,256
-
-
2022
£
106,166
10,640
116,806		 Restricted
funds
general
2021
653,150
653,150
Total
£
7,573
7,573
7,573
7,573
-
-
2021
£
-
355,140
355,140

PEN GREEN CENTRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

12
Creditors: amounts falling due within one year
Trade creditors
Accruals and deferred income
13
Related party transactions
There were no disclosable related party transactions during the year (2021 - none).
14
Cash generated from operations
Deficit for the year
Adjustments for:
Investment income recognised in statement of financial activities
Depreciation and impairment of tangible fixed assets
Movements in working capital:
Decrease/(increase) in debtors
Increase in creditors
Cash generated from/(absorbed by) operations		 2022
£
412,767
12,829
425,596

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