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 re*lection 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
unfeS￿Cted
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
Balan￿5 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 &
F￿1n85
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
ResOUr￿S
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 ActI￿leS
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
I18￿36)
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