q9ai 9fl Company Registration Number 07124174 The Pennoyer Centre (a private company limited by guarantee) Unaudited Trustees, Report and Financial Statements For the Year Ended 30th June 2025 Registered Charity Number 1135788
The Pennoyer Centre Trustees, Report and Financial Statements Year Ended 30th June 2025 Contents Page Company Infomiation Trustees, Annual Report 2to4 Independent Examinerfs Report to the Trustees Statement of Financial Artivities IJ Balance Sheet Notes to the Financial Statements 8t016
The Pennoyer Centre Company Information Year Ended 30th June 2025 The Board of Trustees W Herschel-shorland T Hills A Littlewood S King S Mackenzie J Richards Company Registered Number 07124174 Charity Registered Number 1135788 Registered Office Station Road Pulham St Mary Diss Norfolk IP214QT Independent Examiner ABC Abacus Limited Institute of Financial Accountants The Willows Ipswich Road Long Stratton NR15 2TG
The Pennoyer Centre Trustees, Annual Report Year Ended 30th June 2025 The Trustees (who are also directors of the charity for the purposes of the Companies Act) present their annual report together with the financial statements of The Pennoyer Centre (the company) for the ended 30 June 2025. The Trustees confirm that the financial statements comply with the Charities Act 2011, the Companies Act 2006. the Memorandum and Articles of Association, and the Statement of Recommended Practice: ' Accounting and Reporting by Charities, (FRS 102). Since the company qualifies as small under section 383. the strategic report required of medium and large companies under The Companles Act 2006 (Strategic and Directorfs Report) Regulations 2013 is not required. The trustees have complied with the duty in Section 17 (5) of the 2011 Charities Act to have paid due regard to guidance issued by the Charity Commission in relation to the activities being for the public benefit. Strurture, governance and management Constitution s¥f•mJ f-i<s The company is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association on the 13th January 2010. The principal object of the company is to provide, maintain and operate a village centre for public benefit. Trustees The following trustees served office during the year: W Herschel-shorland T Hills K Jones S King J Richards A Littlewood S Mackenzie resigned 18th March 2025 appointed 18th March 2025 appointed 9th October 2024 Method ofA ointment or Elertion of Trustees The trustees in office are subject to reappointment by the members; one-third of the trustees retires by rotation but may stand for relection at the AGM. ani5ational Structure and Decision Makin The Board of Trustees meets regularly and is the principal decision~making body of the company. Related Pa Relationshi Related party relationships are limited to those between the Company and its linked charity The Pennoyer Endowment Charity which holds the endowment asset. Objertives and Activities Policies and Ob'ectives The provision and management of a village centre for the use of the inhabitants of the area of benefit without distinction of political. religious or other opinions, including use for recreational and leisure time occupation with the object of improving the conditions of life of the said inhabitants. The advancement of education in the area of benefit by means of but not exclusively the provision of training supplementary education, adult learning classes and activities for mainstream, educational subjects.
The Pennoyer Centre Trustees, Annual Report (continued) Year Ended 30th June 2025 , To preserve, repair and maintain for the public generally the historic building formally known as the Pennoyer School (including the remains of the former guild chapel which forms part of the building) as a building of historic interest. Activities for Achievin Ob ectives The Company aims to achieve its objectives by letting space within their centre to community and other bodies for recreational and educational use The Company also stages and commissions leisure events and functions to assist in funding its purposes. An on-going audit of the building fabric with an appropriate repair and maintenance programme ensures the preservation of the centre. Achievements and performan Review of Artivities '¥ili F The Pennoyer Centre total income for the year was £246,937 (2024: £191,239). The total outgoing resources, after all operational expenses, were £218,607 (2024: £216,136). There was no transfer from the Endowment Fund in the year (2024 £6,500) leaving a surplus in the year of £28,330 (2024: £18.397 deficit). Our focus during 2024/25 on increasing fundraising activities and improving profit margins was successful, despite the ongoing pressure of minimum wage and National Insurance increases. As a result, we turned around the deficit from the previous financial year. A key contributor to this improvement is our volunteer body, which has been Trustee-led during the financial year. This increased our overall numbers of volunteers as well as the level of support they offer to the Charity. However, grant funding was again another significant income stream in the year, with the securing of finance for an EV charger, supporting our sustainability targets, alongside several smaller grants. and the second year of our National Lottery support for general overheads. Grant income relating to the EV charger appears in full in this Statement, but its costs are depreciated over its useful life, resulting in a reported surplus this year. Given the challenges of generating income from fundraising and trading activities. support from funders towards overheads remains critically important and enables us to continue to deliver benefits for our local community and beyond. Our investment property. owned by our linked Endowment Charity, was occupied throughout the year, and maintenance costs were lower than in previous years. However, given the improved performance of the charity, Trustees decided not to make a donation from Endowment Charity, retaining the income in our free reserves instead. Our café, which operates within our trading subsidiary, Pennoyers Ltd, and donates its profits back to the charity, had a reasonably solid performance, with much higher income. Margins were tight due to the many increasing costs in the hospitality sector, which has been particularly hard hit in the last 18 months, with many local businesses closing. We are fortunate that our café has a very loyal customer base and an excellent staff team, which have seen us through the year. The Pennoyer Centre continues to support social cohesion in our local community with subsidised hire fees and the provision of free artivities. These include the weekly Meet Up Mondays that tackles social isolation, and Silver Sunday for older people, as well as providing a venue open six days a week where local people can meet and participate in activities. Endowment Fund - Total income for the year is £12.190 (2024: £10,444). The total net outgoing resources. after all operational expenses, was £22,973 (2024: £30,344 net outgoing resources). It should be noted that in each year costs of £29,946 relate to depreciation on the building. Financial review Reserves Poli The trustees aim to maintain reserves to (a) provide working capital to enable the day to day running of the centre to continue in the event of a significant shortfall of income (b) cover longer term expenses such as maintenance of the building or strategic development of new facilities or services and (c) provide a contingency amount to cover moderate unforeseen expenses. The Pennoyer Centre total free reserves defined as unrestricted funds excluding fixed assets is a £12,260 surplus (2024: _ £16,204 deficit) at the end of the financial year.
The Pennoyer Centre Trustees, Annual Report (continued) Year Ended 30th June 2025 Endowment Fund - the balance on the Unrestricted Income Fund excluding fixed assets (free reserves) will be available for future charitsble expenditure. As at 30 June 2025, the free reserves totalled £79,777 (2024: £74,484). Total funds as at 30 June 2025 amount to £1,281,693 (2024: £1,276,336). Plans for the future r., Future Develo The ongoing cost of living crisis is an extremely challenging environment for the charity, and our prlority in 25126 will again focus on our margins, particularly our cost base, and to seek new income streams. as price increases alone will not maintain or come close to the 24/25 performance, particularly given the cost of living crisis. Staff remain our single highest cost, and we will investigate ways in which we can optimise staff hours, supported by our volunteers. Further automation of our systems will assist in reducing staff time but will also give us greater insight into the performance of each element of our charity. A second challenge is the maintenance and refurbishment of our buildin& as it is now 15 years old, and much of the furniture and equipment has been in place since 2010. It is inevitable that some of our reserves will be required in next financial year for such renewals. We will seek grant funding wherever possible but also acknowledge that our successes to date will impact what we can secure in future. jrio if, We will also continue to further reduce our carbon footprint by replacing old equipment with more energy efficient models and by sourcing products/services locally wherever possible. Trustees. Responsibility Statement . The Trustees {who are also directors of The Pennoyer Centre for the purposes 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 Practlce). Company law requires the Trustees to prepare financial statements for each financial year. Under company law. the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the Trustees are required to: ' select suitable accounting policies and then apply them consistently. observe the methods and principles in the Charities SORP; makejudgments and accounting estimates that are reasonable and prudent; prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's transactions and disclose with reasonable accuracy at any time the financial position of the charitable company 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 charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. This report was roved by the Trustees on 17th February 2026 and signed on their behalf by: .qJ 1,5 *1:4mf,' Sheila Moss King ' Trustee Ji:-
Independent Examinerfs Report to the Trustees of the Pennoyer Centre Year Ended 30th June 2025 I report to the charity trustees on my examination of the accounts of the company for the year ended 30th June 2025 which are set out on pages 6 to 16. This report is made solely to the chariws Trustees, as a body, in accordance with section 145 of the Charities Act 2011 and regulations made under section 154 of that Act. My work has been undertaken so that I might state to the charity's Trustees those matters l am required to state to them in an Independent examinerfs report and for no other purpose. To the fullest extent permitted by law. I do not accept or assume responsibility to anyone other than the charity and the chariWs Trustees as a body, for my work or for this report. Responslbilities and basis of report As the charity trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 ACY). Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination. I report in respect of my examination of your companvs accounts as carried out under settion 145 of the Charities Act 2011 ('the 2011 ACV). In carrying out my examination I have followed the Direttions given by the Charity Commission under section 145(5)(b) of the 2011 Act. Independent examinerfs ststement I have completed my examination. I confirm that no matters have come to my attention in connettion with the examination giving me cause to believe: accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or the accounts do not accord with those records. or the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair view which is not a matter considered as part of an independent examination. or the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). I confirm that there are no other matters to which your attention should be drawn to enable a proper understanding of the accounts to be reached. Peter Bussey FFA FIPA ABC Abacus Limited Institute of Financial Accountants Member 239488 The Willows Ipswich Road Long Stratton NR15 2TG 17th February 2026
The Pennoyer Centre s12- Statement of Financial Activities (Incorporating Income & Expenditure Account) Year Ended 30th June 2025 unfeSCted Funds Restricted Funds Funds Unrestrlcted ErKlowment Funds Total Funds 2025 Total Funds 2024 Incomin From generated funds Voluntary Income Investment Income 122.(XX) 694 27.932 149,932 2,384 114,283 2,033 1.690 Net gain on disposal of fixed assets Other incoming resources Charitable Activities if7 10S(K) 10,500 8,575 Total Incoming Resources Resources Ex nded Charftable Actlvitles Directcharitsble Expenditure Costs of generating funds Governance costs 240,858 234,920 171,005 34,930 7,537 27.386 11,583 1,089 240 '12,912 15,504 Interest payable Total resources expended 253 770 Net (outgoin8)/incomlng Resources 36h17 (W7) 4A13 (27,386) 5357 (48 741) Transfers between funds 13 Net movement in Funds 36A17 (8,087) 4A13 (27,386) 5357 (48 741) Recondllation of Funds Balances brought forward 1030 536 1325 077 Balan5 carried forward 1693 1276 336 The charity has no recognised gains or losses otherthan the results forthe yearas set out above. All of the activities of the charity areclassed as continuing. The notes on page 8 to 18 forni part of these financial statements
The Pennoyer Centre Balance Sheet Year Ended 30th June 2025 Registered Number 07124174 2025 2024 Note Fixed assets Investment property Tangible assets 139.958 1040 328 1180 286 10 139.958 1201337 Current assets Stocks Debtors Cash at bank and in hand 2227 9,841 112 052 124.120 1,330 8,721 11 90,428 Amounts falling due within one year Net current assets .1( Total assets Current Ilabllitles 1,281,693 1,276,336 Long temi liabilities Total net assets 1276 336 Represented by. Endowmentfunds Unrestrirted funds Restricted 13 I,IXK).590 262,733 1,030,536 228,890 1281693 The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025,. The members have not required the company to obtain an audit of its financial ststements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Art 2006. The directors acknowledge their responsibilities for. (a) ensuring thatthe company keeps accounting records which comply with Sertions 386 and 387 of the Companies Att 2006 and (b) preparing financlal statements which give a true and fairview of the state of affairs of the company as atthe end of each financial year and of its profft or loss foreach financial yearin accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2LX)6 lating to financial statements, so frar as applicable to the company. The financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. These financial sta ements w re approved by thetrustees on 17th February 2026 and are signed on their behalf by,- Sheila Moss King The notes on pages 8 to 18 forni part of these financial statements.
The Pennoyer Centre Notes to the Financial Statements Year Ended 30th June 2025 Accounting policies The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year and in the preceding year. Basis of accounting The charity is a private company limited by guarantee registered in England and Wales and governed in accordance with its articles of association. The address of the registered office is given in the charity information page of these financial statements. The nature of the charitvs operations and principal activities are described in the Trustees, Report. The members of the company are the Trustees named on the company information page. In the event of the company being wound up the liability in respect of the guarantee is limited to £1 per member of the company. The charitable company has a wholly owned trading subsidiary. The group qualifies as small under the Companies Act 2006 and. accordingly, consolidated financial statements have not been prepared. The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with 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 1st January 2015) (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. The financial statements are prepared on a going concern basis under the historical cost convention in sterling which is the functional currency of the charity b) Fund accounting Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objects of the charity. Designated funds are unrestricted funds earmarked by the Trustees for particular purposes. Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal. Surpluses on restricted funds are made available to other funds in the furtherance of the objectives of the charity as a whole. Incoming resources All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income. Voluntary income is received by way of donations and gifts and is included in full in the SOFA when receivable. Grants and donations are recognised when receivable. Investment income along with any recoverable income tax is recorded when receivable. Glft aid reclaimable on donations to the charity is included with the amount received. d) Resources expended Expenditure is recognised in the accounts on an accruals basis and includes any irrecoverable VAT. Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity.
The Pennoyer Centre Notes to the Financial Statements (continued) Year Ended 30th June 2025 Taxation The Pennoyer Centre is a registered charity and is therefore exempt from direct tsxation. Voluntary Income Restricted Funds 2025 Unrestricted Funds 2025 TL- Total Funds 2024 Parish Council maintenance grant CJRS and local authority grants during the pandemic Project grants Donations from Pennoyers Limited (trading subsidiary) Other donations 27,932 14,283 100,000 122,000 Investment Income I"1; Unrestrirted Funds 2025 . Total Funds 2024 Interest Incoming Resources from Charitable Activities Unrestricted Funds 2025 Total Funds 2024 Fundraising Merchandise sales Education lettings Training courses Community lettings Private and business lettings Café income from lettings Café income from the community Other income, printing etc. Café costs recharged to trading subsidiary Outside catering Rent Received 79,924 46,669 1,764 9,350 5,273 3,843 19,333 6,546 125 245 10,500 106 811 8,575 10
The Pennoyer Centre Notes to the Financial Statements Year Ended 30th June 2025 All costs are allocated between the expenditure categories of the SOFA on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly, others are apportioned on an appropriate basis. Fixed assets Tangible fixed assets are stated at historic cost less accumulated depreciation. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows: Property Improvements Fixtures and Fittings Equipment Plant & Machinery 20% Straight Line 20% Straight Line 25% Straight Line 9 years Straight Line .4nr Stocks Stock5 are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow- moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. g) Financial instruments The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method. h) Impairment Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asseys cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease. Provisions Provisions are recognised when the charity has an obligation at the balance sheet date as a result of a past event, it is probable that an ourflow of economic benefits will be required in settlement and the amount can be reliably estimated.
The Pennoyer Centre Notes to the Financial Statements (continued) Year Ended 30th June 2025 Analysis of Charitable Expenditure Direct charitsble services Restrirted Funds 2025 Unrestrirted Funds 2025 Total Funds 2024 Bar purchases Costs of merchandise Other costs Event costs Costs of café Staff and volunteer training Volunteers expenses Light and heat Rates Telephone and intemet .55. Printing, postage and stationery Licences and registration fees Building and facilities maintenance Marketing Subscriptions Cultural Recovery Wages and salaries Professional fees Endowment Property Costs (Profit)/loss on disposal of fixed assets Depreciation 853 10,602 2,569 27,852 19 2,182 5,413 2,811 2,754 1,737 254 296 4,335 273 6,641 1,672 130 1.172 2,780 252 564 1,367 4,387 9,254 5.706 (9,254) 142,109 142,449 4,646 4,102 Governance Costs Restrlrted Funds 2025 Unrestricted Funds 2025 rotal Funds 2024 Insurance Bank charges Professional fees 1,089 4,374 1,185 5,984 1,244 11 The resources expended by the charity indude: Restrirted Funds 2025 Unrestrirted Funds 2025 Total Funds 2024 Independent examinerfsfee Depreciation of tangible fixed assets Building and facilities maintenance 700 3,761 4.335 30,524 2,780 42,908 4,387 During the year no trustees received any remuneration or benefits in kind. 11
The Pennoyer Centre Notes to the Financial Statements (continued) Year Ended 30th June 2025 Staff costs Restrlcted Funds 2025 Unrestrirted Funds 2025 Total Funds 2024 Wages and salaries et_. 147.815 142,449 2025 No. 2024 No. The average number of staff employed by the charity during the financial year amounted to= 20 23 No employee received remuneration amounting to more than £60,000 in either year. 10. Tangible flxed assets Property Improvements Plant & Machinery Flxtures & F1n85 Equipment Total At l July 2024 Additions Disposals At 30 June 2025 17,737 3,803 34.315 399 59,229 111,281 13,234 9,032 124 515 Depreciation At l July 2024 Charge for year Elimination on disposal At 30June 2025 17,737 7fA) 30,506 2,269 57,793 1,277 106,036 4,338 32 32 124 515 Net book value At30June 2025 At 30 June 2024 159 Endowment Fund-Tangible Fixed Assets Investment Property Cost At l August 2024 Additions At 31 July 2025 139,958 139 958 91 Freehold Property Cost At l August 2024 Additions At 31 July 2025 1,458,833 1458 833 Depreciation At l August 2024 Charge for year At 31 July 2025 402,700 29,946 432 646 Net book value At 31 July 2025 At 31 July 2024 1026 187 1056 134 12
The Pennoyer Centre Notes to the Financial Statements (continued) Year Ended 30th June 2025 The building was opened to the public on 15 August 2010. A charge is held over the property by the Trustees of the National Heritage Memorial Fund, during the term of 25 years from 28 January 2009. The charge will be triggered if there is a failure to carry out obligations under the Grant contract. The security provided extends to the cost of expenditure incurred together with the interest at a rate equal to 2% of over National Westminster Bank PLC base rate. Following a Charity Commission scheme dated 14 September 2010 The Pennoyer Centre property is held by the Pennoyer Endowment Charity for the corporate trustee (The Pennoyer Centre Charity Commission No. 1135788). A restricted grant of £9,032 was received in the year to fund the installation of an electric vehicle charging point. This has been capitalised as a tangible fixed asset and is being depreciated over 9 years. Although the income appears in full in this yearfs Statement of Financial Activities, the benefit of the asset is realised over its useful life. This results in a reported surplus in this year and apparent deflcits in subsequent years, which reflect depreciation only, not actual expenditure. rs.I'" 11. Debtors Ti: 2025 2024 Amounts due from group undertakings Trade debtors Other debtors Social security and other taxes Prepayments and accrued income 811 5,562 3,468 1,049 1,170 6,274 228 12. Creditors: Amounts falling due within one year 2025 2024 Trade creditors Other creditors ;. Social security and other taxes Amounts due to group undertakings Accruals and deferred income 15,733 2,374 1,943 2,041 7, 601 1,972 3,438 34Tr f )
The Pennoyer Centre Notes to the Financial Statements (continued) Year Ended 30th June 2025 13. Summary of Funds Balance at l Jul 2024 Incomlng Outgoing & Transfers Balance at 30 Jun 2025 Restricted fund- Love Norfolk 2 Restricted fund- NCF Bishop of Norwich Restricted fund- NCF Connecting Elderly Restricted fund- NCF Goodman Trust Restrirted fund- Sth Norfolk Council EV Charging Restricted fund- National Lottery Grant Restricted fund- Cultural Recovery 4,783 4,783 330 L962 911 32 170 911 9,032 18,4(X) . 9,000 9,200 9,254 Il 16 9,254 General funds t. 192 315 Endowment Fund - Statement and Summary of Funds Balance at l Aug 2024 Incoming Outgoing& Transfers Balance at 31 Jul 2025 Unrestricted funds General funds 238 359 242 772 Endowment funds The Pennoyer Centre 1030 536 1003 150 The Pennoyer Centre property asset and the land on which it sits, are held in permanent endowment. It should be noted that in each year costs of £29,946 relate to depreciation on the building. This amount represents a non-cash accounting charge and the net outgoing resources on the Endowment Fund arise from this depreciation. Restrictedfvnd- Cultural Recovery NLHF Cultural Recovery Fund - A grant from DCMS/Lottery Heritage Fund to enable work to redesign our .s café, fundraising consultancy, staffing costs, airship museum redevelopment and a contribution to reserves. The brought forward balance of £9,254 represented restricted income previously received which had funded qualifying expenditure in earlier periods. During the year this balance has been formally matched to that expenditure and released, resulting in a transfer between restricted and unrestricted funds, with no impact on total funds. Restrictedfund- Love Norfolk 2 This grant provided £4.8k from May 24 to April 25, contributing towards running costs of the Centre. This included contributions to administrative salaries, building maintenance, insurance and licences. Restrictedfvnd- NCF Bishop of Norwich This grant provided £500 towards the Film Club costs. Restrictedfund- NCF Connerting Elderly This grant provided £5k for spending by March 2024, contributing towards providing a 'warm space, at the Centre, and covered additional heating costs, minor alterations, and a contribution to the salary of an administrator. Restrictedfvnd- NCF Goodman Trust This grant provided £lk to cover building maintenance. specifically to the electric doors and roof leak. 14
The Pennoyer Centre Notes to the Financial Statements (continued) Year Ended 30th June 2025 Restrirtedfund-SNDCEV Charging This grant provided £9.Ok for the installation of 2 EV Charger points for use by the Community. Restrictedfund- National Lottery This grant provided £18.4k from July 2024 for 2 years contributing towards running costs of the Centre. This included contributions to administrative salaries, building maintenance, insurance and licences. 14. Analysis of net assets between restrirted and unrestricted funds Tanglble Fixed Assets Other Net Assets Total Endowment Funds Restricted funds Unrestricted funds 1,003,150 9,000 168 136 1,003,150 18,370 9,370 1281693 15. Financial Instruments 2025 2024 . Financial assets measured at amortised cost Financial liabilities measured at amortised cost 8,751 20,254 7,323 6,358 Financial assets measured at amortised cost comprise debtors excluding prepayments. Financial liabilities measured at amortlsed cost comprise creditors excluding accruals and deferred income. The charity does not hold any, financial instruments measured at fair value or involving complex risk. 16. Related Party Transactions During the year the charity received £nil (2024: £6,500) in donations from The Pennoyer Endowment Charity, a linked charity. The amount owed to The Pennoyer Endowment Charity was £nil (2024: £nil) at the balance sheet date and included within creditors due within one year. During the yearthe charity paid £518 (2024: £nil) for reimbursement of charity expenses incurred by trustees, During the year the charity received £122,000 (2024: £100,000) as a donation of profit from Pennoyers Ltd. At the balance sheet date the trading subsidiary owed the charity £nil (2024: £nil) and these amounts are included within debtors. 15
The Pennoyer Centre Notes to the Financial Statements (continued) Year Ended 30th June 2025 17. Comparatlve Statement of Financial Activity Endowment Funds Unre5trirted Unrestricted , L3fj Funds Restrkted Funds Endthvment Totsl Funds 2024 Total Funds 2023 Incomln ResOUrS From generated funds Voluntsry Income Investment Income ILK),OCK) 164 14,283 114,283 2,033 89,575 1,132 1,869 Net gain on disposal of fixed assets Other incoming resources Charitable Activities 8,575 8,575 8,7(K) Total Incomlng Resources 10 Resourc nded Charitable ActIleS Direct Charitable Expenditure Costs of generatlng funds Governancecosts 182,249 18,623 4,102 29,946 234,920 228 197 13,243 2,021 240 15,504 12,358 Interest payable Total resources expended 195 Net (outgoin8)fincomln8 Resources I1836) 16361) 6.102 (29,946) :; (48,741) (51,868) Transfers between funds 13 Net movement In Funds (12.036) 1398) (48,741) (T/.155) Reconaliation of FurKIs Balances broughtforward 1325 077 1404 819 1030536" 76 336 1325 077 ' lir>. 16