REGISTERED COMPANY NUMBER: 04498986 (England and Wales) REGISTERED CHARITY NUMBER: 1147911 Ti ir bfTrre * rr% AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 FOR PENNINE MAGPIE Walter Dawsoi) Et Soli Cl)ai'tei"ed Accounranrs First Floor, Unit 12 Pennine Business Park Longbow Close, Bradley Huddersfield West Yorkshire HD2 1GQ
PENNINE MAGPIE CONTENTS OF THE FINANCIAL STATEMENTS Page Report ol the Trustees Report ¢f the In¢ependent Audltors 8 to 11 Statement of Flnar¢clal Actlwties Balance Sheet Cash Flow Statement 14 Notes to thÉ* Cash Flow Statement 15 Ntrtes to the FinaftcTal Statements 16 to ??
PENNINE MAGPIE IREGISTERED NUAIBER: 04498986 REPOt(T OF Tt4E I RUSTEES The trusiees who are also diyectors of the charity for the purposes of the Cow.paiiies Act 2006, present their repori with the financial staternent5 of the charity for the year ended 31 December 2024. The trustees have adopted the provisions ot Accouiitii)g aiid Reporting b5, Ciarities-. Statei)ient ol Reconime1ded Pr8ciice applicèble to chai.i¢ie5 pi"eparing tlieii. accouiits in accordance witli tlie Finaiicial Reporiing Standard applicable in the UK aiid Republic of OBJECTIVES AND ACTIVITIES Objectlves and Alms Tl)e objects of the compaiiy al'e to bw)efit voiing perstsns and adults witli special needs tlirough rl)e provisioii of Ii'aiiiing, peisonal dek'elopinc-nt ac Ilvlties alic suppori sei'vices 10 pi ovide Lhe Skills, confioence aiid infi a5ll-UCture f•r in l?i¢p A rhnrp in<4pnpnAnr Ii)A fi plfilliiio l?fp witliin rh• rnmini Inifii Slgniflcant Actlvltles The Charity is established io Denelit young people and adults with special needs. This is achieved by the provision ol training and oiher facilities to enable Such persons to acquire skills, confidence and the infrastructure necessary for Iheim to live a niore independenl and fulfilling life within the community. Publlc Benefit Statemént Tlie trustees have coimplied with the duty in Sec 17151 of the Chai-it7e5 Act 2011 to have due regard to the guidance contained in the Charity ComThi55ion's general guidance on public beriefit when reviewing its airn5 and objectives and in plani)iiig lis future activities. Iii particular. Ihe trustee5 consider how planned activities will (Ohlribule to Ihe airns 2nd nhjpctivpÉ rhey havp rpt. Thp rhRfltahlp -rtivity fnriitp nTh <iipwrF7nv all soijno ppryplp Hnd aAiiltq tn fiirthgr thp charitable purpose fcK public benefit. Page 1
PENNINE MAGPIE IREGISTERED NUMBER: 044989861 LPORT Of THÈ TRUSTEIS STRATEGIC REPORT Achievements and performance Charltable actlvltles Membership & Sei'vices The Dav Sei'%'ice delivered 79. 524 hours of 5uDport tlc.oss the vear. TFie Outreach Service delivered 20.222 hours of SUPFort, including.. 97 regular evening and weekend sessions. Moi?tlily eveniiig aciivities, sucli as group niea15 Out aiid bowling. nnp-tn-nno ni Iti"03rh £1 Innnr PT)B41ino IApmhfvr¢ tn xrp¢¢ ihp rnmii)I Initii At)A tAkp nxrt in Arriviiipg n+ trhpit. rhnirp C(Mnmunity Links & Engagemeiit We continued to build strong £owv)munity links with other d15ability.related charities across Caldei"dale, ensu1.ing collaboration and shared opportuniiies. Magpie Movers also perforined ai events across Calderdale, showcasing Mer)erS, creativity arnd talents while raising awarene55 of learning dIbIlItIeS in the wider community. Staffing & Leadership In 2024, Magpies sirengihened its leadership team wirh the appoThntinent ot a new Operations Manager in Aprll and a new Chief E*pciJtive OffTrer in Febriiary, pronoted f rom the Dppiitv (En role. The:.e rhJngps hav<k prnvidpd orpater Stability Support as the organisation continues to grow. The organisatiotb a150 benefilted froTh a period of staff stability, with very limited Lurr)over. This continuity has ensured consistency lor Members and supporced ¢l)e dellvery of high-quality services across Ihe year. Staf( Pay Cost of Living The Tru5tee5 recognised the ongoing Impact of the cost of living on staff. In line with changes to the National Living Wage, stall pay was reviewed and adjusted to maintain fairness and parity across the organlsèrion. Trustees remaln committed to ensuring salaries are iompetitive within the sector, siistainable for the charity.. and aligned with Magpies. values of fairne55 and resp1. Mènagemeni Remuneration The Trustees are responsible for setting the pay and remuneration of the charity's senior managemertt tearn. Salaries are reviewed annually to ensure they remain fair, transparent, and in liiie wth the responsiblllties of each role. In deteftnining pay levels, Trustees consider: Market Valve benchmarkin8 against comparable roles in the charity and social care sectors io ensure salaries iemain conitEtitive and oppropi"iate. Affordability - ensuring thal salary decisions are 5U5tainable and proportionate to the charity's incotne and finaTrcial position. Retention and Recruitment recognising the need to attrèct and retain skilled leader5 capable of delivering high-qiiality services for Meinbers. Charity Value5 ensuring that remuneration reflects Magpies. Commitment to fairness: responsibility, and stewardshlp of charitable funds. Premises & Faciliiies Page Z
PENNINE MArlE (REGISTERED NUMBER,, 044989861 RiPi)R I VF T14E TRUSTEES Our curreiit pretnises are operating at a high lei'el of occupancs,, and securing a 5Ultable new pi-operty continues io be a priority for Trustees. The search for either land or a building to purchase and adapt has been challengins. wit, Iiii)ited viable opiions in tlie curi'ent n'ai'ket. li) ?n?A raiiqe of tiios and OPDOI'tiiiiities clVIL il¢ible to Meinbei-s. Flnanclal revlew Financial p051tio Fiiiance5 The net incoiiie for the year was 114,682, ccmprising 113,682 unrestricted funds and £1,000 restiicted funds lafter ti'ansfei'sl. The primary funding SOLJrces remain Member fee5, SUPPOI"ted direcity or via Local AuthoriLy and Health Service funding. Sniall-scale fundraising activities, such as coimmuniiy evenls, contlnue to raise awareness of Magpies as well a5 additional funds. All resources are directed toward supporting atid delivering sernices for our Members. Staffing remains our largest area of expenditure, with Enablers providing the direct Support that enables Member5 to develop new skllls, byild Ii"iend5hlps, and access opportunilies iii the commiinity. Reserves pollcy Reserves Policy The Trustees maintain a reserves policy of holdiiig betweeii three and six montys of running costs lo ensure finaicial stability. The designated building fund remains at £750,000. At year end, the charitys fr reserves, excluding fixed asset5, Stood at £1,157,683. After deducting designated funds, this leaves £407,683. Key Risk5 & Challenge5 The Trustees continve to identlfy several key risks facing the ¢hariry, which are fflonitoied closely throughout the year. Premises Our current premises are operaiins at a high level of occupancs,, and securing a 5Ultable new property contlnues to be the priiiclpal straiegic risk. The search for either laiid or a building to purchase and adapk has been challenging, with litnited viable Option5 in the current markei. Financial Pressures Extemal fiv)tinclal pi-essures present ongoiiig challenges. Rlsinq costs of utilitie5, Increas in ihe National Livin£ Wage, and change5 to National Insurance will add to operational c05t5 in 2025 and beyond. While pay awards are essential to supwrt recruitment and I"eieiition, they also increase runiiiiig cost5. Investment Returns Interest rate5 on reserve5 held throukh investment platforins have begun to decline, reduciiig the income generated from savings. This trend, combined with inflation3ry pressures, presents additional challenges in maintaining long-term financièl stobility. Page 3
PENIqINE AIAGPIE (REGISTERED NUMBER. 044989861 REPORT OF ThE TRUSTEES STRATEGIC REPORT Future plans Premises Search Tl70 2rni iiritiDD nr l?nA tho Thrinritii Triirtr >i!A tp? will contiiiue to actik'èly explore options wilhin a challenqinq propei'tv Inarket. with the aim of securii)i a lonq-tei-m home that meets curient and fulure needs. Seiv',¢e Qualily & Meinbers
intxinina gn(+ pnh3nr?no Ihp nii2liti.' nf %priiir<s fnr Miill tpn)xin rpntYAI Thig inrlTirfk¢ rni)riniiin0 pfi nffpi. wide range of activities, ei)suring services are shaped by Member feedback, and adapting provision to meet individual needs. We will also continue to sLren£then community partnerships and provide further opportunities for Magpie Mover5 to peiforin across Calderdale, proinoting inclusiDn and raising awareness of the talenis and creaiivity of adults willi learning disabilities. Staff Development & Training Inve5¢meni Sn stati trainlng and pi'ofessional development will contiiiue, ensuring Ihe team is equipped viith the skills and knowlÈsdgr* tn mpetr the need% nf boih riirr•nt 3nd lijti Irp Alpipb¥trg. Financial Sustainability The Trustees will maintain close oversight of fiiiancial performance, wth particular focus on the pi'essures of inflation, changes to the Natiimal Living Wage, and reductions in investment return5. Safeguarding reserves and ensuring the harity'5 long-term SLStalnability wlll remain a key priority. STRUCTURE. GOVERNANCE AND MANAGEMENT Goyerninq documént The charity is controlled by its ¥overnin¥ document, a deed of trust, and constitutes a limiled company) limited by gubranree, as defined by the Companie5 Aci 2006. Structure, governance and management Goveming document The chanty IS Controlled by ils governing document, a deed of trust, and constitutes a limited company, limited by guarJntee, as defined by the Cornpanie5 Act 2006. The charity is a comparby liffliied by guaranree and wa5 formed on 30 July 2002. It Is govemed by a niemorandurr. and articles of aSSOCiaEion. New articles were aéopied by a special resolution on 8 March 2012 as amended by a Special resolution on 6 June 2012. The liability of the rnembers in the event of the company being wound up 15 limited ¢0 a suffl not exceeding 110. Indwtion and training of new trustees The Board consists of a minlmum of 3 trustees with no maxlTr)UlTI. One-third of all Irustees lon a rotational basis. longest Serving deemed to retire firstl who have held cffice Since the last Annual General Meeting IAGMI, plus all new appointments retire at the next AGM. Retiring tru5lees are eligible for re-appoii)Iment. New tru5tee5 are recommended for appointment by the exisling Erustees. Meinbership of Pennine Magpie is open to any individual or organisation provided that, in the opinion of the tK)ard, they do not present a conflict to the best interests of the Charity. Page 4
PENNINE MAGPIE IREGISTERED NUMBER: 044989861 REPORT VF THL TftU5TEES REFERENCE AND ADMSN15TRATIVE DETAILS Registered Company number 04498986 (Epgland and Wales! Registered Charity number 1 1$701 1 Registered office Uf)It 15 Calderdale Business Park CILIL) Lai)e Haliiax Wp< Yrf4rk¢hirp HX2 8DB Trustees J P Wesl ITreasuI'erl Mi's J L Core (Chairl Ms L Morgan (appointed 29.5.241 M5 L Buick (resigned 18.2.241 Company secretary M B Reynolds Auditors Waller Dawson & Son Chartered Accountants Firs1 Floor, Unit 12 Pennlne Business Park Longbow Close. Bradley Huddersfield West Yorkshire HD2 1GQ Page 5
PENNINE MAGPIE IREGISTERED NUMBER.. 044989861 REPOF(T UF THE TRbS I EES REFERENCE AND ADMINISTRATIVE DETAILS Bankers atioi)al Westminster 8 Mai'ket Place HD12AL 5hawbrook Bank Lfinited Liilea Mouse war.ley Hill EusitEss Pai k CM13 >BE The Charity tsank Limited F055e HDuse 182 High Street Tonbridge TN9 1BE Flagstone Group Ltd 1st Floor. Clareville House 2h-27 Oxendnn Strpet london SW1Y 4EL STATEMENT OF TRUSTEES. RESPONSIBILITIES The trustees (who are also the directDfs Df Pennine Maqple for the purposes of company lawl are responsible for preparing the Report of the Trustee5 and the financial 5tatement5 in accordan¢e wth applicable lavi and United Kingdom Accounting Standards (United Kingéom GenÈr311y Accepted Accounting Practicel. Compai)y law requires the trustees to prepare financ?al statemenrs for each financial year which 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 Ihe income and expendiiure, of Ihe chariiable c¢mpariy lor tha¢ period. In Pfep3ring those financial 5tatetnentS, the trustees are required to select suitable accounting policie5 and then apply them consistently; observe th& melhods and principles in the Charity SORP- make judgements and estimates that are reasonable and prudent., prepare the financial statemeiits on the goiiig concern basi5 unless it is inappropi-iate to presijine that the charitable company will continue in business. The trusiees are responsible for keeping proper accoiinling records which disclose with reasonable accuracy at any tiwne Ilie financial position of the charitable company aiid 10 enable theffl to ensure tliat the fi17ancial staleirents comply th the Conpanies Acl 2006. They are also responsible for safeguarding the assets of the chai'ilable company ané hence for taking reasonable steps fDr the prevention and detection of fraud and other 7rre8ulariLies. In so far as the triistees are awai'e.. there Is no relevant audlt lrtformatlon of whlch the charltable company's audltors are unaware: and the trustees have taken all steps that they ought to have taken to il)ake themselves aware of any relevant aLldit inforniatioi) and io establish that the auditors are aware of that information. Page 6
PENNINE MAGPIE IREGISTERED NUMBER.. 04498986 EFOitT Ok TliE I kUSTtlS AUDITORS The auditors, Walter Dawson & Son, will be proposed for re-appDintment at the forthcoming AnnLal GeTrerol Meeting. Rei)ort ol the trustees, incoi'poi'atiiig a slraiegic repoi'i, approved by order ol the board ot trus-ees. as the company diieciors, on JO Septeinber 2(,25 aiid sigi)eth on the btsai'd's behalf by.. 1¥11'S J L Core . Trustee Page 7
REPORT OF THE INDEPENDENT ALJDITORS TO THE MEMBERS OF Opinio We have audiled th= financial statement5 of Pennine Magpie (the 'charitabte cotnpany I for the year ended 31 Deceml)er 2024 which coinprise the Statement of Financial Actiiyiies, the Balance Sheet, Ihe Cash Flow Siatwneni aild notes to the financi31 statemeiits, including a summary of significant accounting policies. Tlie financial repoiting fraeWOrk that h35 been applied iii their preparation 15 applicable law and United Kingdom Accounting Standards Illnilgd Kinpdnm fipn•rxlly Arrppred Ar.¢.niJnting Praetlf.pl. qive a li.ue aiid (air view of the state of the charitable coniDanv'5 af fail's a5 at 31 December 2024 aiid ol it5 incoTrine resources aiid application ol resouice5, including it5 iiicome and expendilui"e, lor the year tS)en ei)ded', have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice., and h2ve been pi epared in acccrdance with the reqiiirements of the Companies Act ?006. The l)i)aiicial stateiiienis ol ikie Chai'ily for. tl)e year ended 31 Deieiiibei 2022. wei'e Ul7<iiidiied, bui wei-e subject io an IIIDtt fnmmi Irrniin+rnrix rin ieri th? examiner found tnate5.ial coiicerns 111 connection with the examinaiion. a515 for opinion We conducted our budit in accordaiice with Interiiational Standards on Auditing IUKI I15As IUKII and applicable law. Our responsibilities under those standards are further described in the ALJditor5' responsibilities for the audit of the fii)ancial stateinei)ts section of out. repori. We are independeiir of the charitable cr)mpAliy in accordance witli the ethical requirements rhat are relevant to oiir audit of rhe financial statements in the LIK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical re5ptslisibilities in accordaiice with these requirements. We believe that the audit evidence we have obtained is sufficient atbd appropiiate to provide a basis for our opinion. Concluslons relatfng to golng ccncern IrTr auditing the finaftcial staten)ents, Ive have concluded Ihat the trusrees. use of the goirig concern basis of accounting in the prephi'atioii of the financial statements Is appropriate. Based on the work we have performed, we have not iclentiiied any material uncertainties relatino to events or condition5 that: 1ndldallY or collectively, tnay cast significant doubt on the charitable cofflpany'5 abilTrty to continue as a going concern for a period of at leasl Iwelve months from when the fii)ai)cial 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 trustees are responsible lor the other information. The other information comprises the information included in the Ai7nual Report, othei- than the financial statement5 and our Report of the Independerjt Auditors thereoii. Our oplnion on the financlèl statements does ntst cover the other information and. except to the extent otherwise expLicitly stated in our report. we do nol express any forin of a55urance conclusion therwn. In conneclion with our audit of the financial statements, our responsiiility is to read Ihe other informatiorb and, in doing so. consider wherher the other informatloll Is marerially inconsisreiit wfjth the financial staiements or our knoviledge obtained in the audit or otherwise appear5 to be Tnaterially misstated. If we identify Such tnaterial inconsisieniies or appareni malerial Inissiaieinenis, we are reouired 10 deiermine wheiher Ihis giyes rise to a material misstatement in t17e finar)cial statements tlienselves. If, based on the work we have performed, we conclude that there is a material missiatement of this other Inforniation, we are reoulred to report that fact. We have nothlnq to report li) this regard. Page 8
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF Opinions on other matter5 pres¢ribed by the Companles Act 2006 In oui. oi)ii)ioi), based on tlie woi-k underiakeii 15) the cou¥5e ol the audit: the inforinaiion given in the Report of the Ti"u5tees for the financial year for which the financièl statements are prepared 15 consistent wlth the financial 5tatements', and Ihp Rppnrt nf TriJ%tpps hH% hÈpn preparpd in Arrnrdxnrp ivith applir.lhlp lègxl rpfjiiirprnpnti. In tlie light of the knowl?doe and ui)derstBI?dii-,g af tlie charitable COmDaliV and its eiiviron1i7ent cbt3ined in thg cDurse of ttrie audit, we have not identified matei.ial misstatements in Ihe Report o( the Tlustees. We have nothing to I'eport in respect of the lollowing matter5 where the Companies Acr 2D06 requires us to report to yoti if, iii Oul OPlTri)on= b1711ches iiot visileJ by us,. ?1" the financial stateii)ents arè t)ot iii agreemeiit with the accounting record5 and reEuri)s' or certain disclosLJres of trustee5' reinuneration specified by law ai"e not made; or we have not received all the information and explaiiations we requlre for our audit. Responslbllltles of trustees As explained more fully in ihe Stateii)ent of Trustees, Responsibilities, the trustees Iwho are also the directors of ihe charitable company for the purpose5 of company lawl are I"esponsible foi. the preparatlon of the financial statements and for beiii8 sat15fied that tl)ey give a true and fair view, and for such iiiterndl control as the trustees determine is nece55ary to enable the preparat7Dn of financial 5taternents that are free from rnaterial mi5Statetnent: whelhei due to fr3iid hr arror Ili Preparing the flnanc?al statements, the trustees are resporslble foi. assessing the charitable company's ability to continue as a going concern. disclosing, as apolicable, matters related to going concern and u5irTrg the goirig concern basis of accounting unless the trustees either intend to liquidate the charitabLe company or to cease operations, or have no realistic alteinative but to do so. Page 9
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
Our responsibilltie5 for the audlt of the financial Statements
Our objectives cire to obtain reasonable assijrance about whethei. rhe flnancial siaten)eiiis as a whole are free froin
material misstatement. whether due to fraud or error., and to issue a Report of tlie Independent Auditors that includes
our opjnion. Re350nable assurance is a high level of assurance. but is not a guarantee that ali audit condiicled in
c.r£)rdRnrp %'iith I£A% ILIKI will xlwAys dptprt a mxtprixl mi5EtAtpm?ftt ivhpn it PXT8t%. Mi44tAtÈrpnts rAn 3riEP frnm
fraud or errcr and are considered fftaterial If, individiially or In the aggregate, they could reasonably be expected to
The extent to which oui- pr¢xedures are capable of detecting iiregularilies: including fraud is detailed below:
Our approach to idenrifying and asses<ing the I'i5k of material TrIj55taterrnt in i-espect of irregularities. Including fraLid
aiid non-compliai)ce iyitl) laws and I'egulations, was as follows:
capèbilities
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF Materi31 misstatements that arise due to fraud can be harder io detect than those that arise from error as they may ifivolve delibeiate concealment or collusion. A further description of our re5ponsibilitie5 for the audit ol the flnancial statements is located on the Flnanciol Reporting Council's website at www.frc. org. uk/aiiditDI'sre5poiisibilities. Thi5 description forms parl of our Reporl of thp Inrtpppnrtant Aiiditt)r%. Tliis I'eocH't iE Inadè solelv to the cliariiahle comn31)v's membeiE a5 a bodv. iii accoi"daiicÈ with CiaDlei" 3 of Pèrt 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company'5 members thLL8e IT)atiers we are required to State Lo them in an auditors, report aid for no other Njrpose. To the fullest extent permitted bs1 law. we do not accept or assume responsibility to anyone other than the chaiitable company and the chai"itable coi))i)any s Irembers as a body, toi" oui. audlt woi'F.', loi. Ihis repoi"t, 01 foi. thÉ opiiiiDI)s we hove fjoi'ined. J Rlchard Hall (Senior Statutory Audit I for and on behalf of Walter Dawson & Son Chaitered Accountbnts Ftrst Floor, Unit 12 Penriine 6u5ines5 Park LonEbow Close, Bradley Huddersfield Ivest Yorb-hire HD2 1GQ 30 September 2025 Page 11
PENNINE GPlE S i A I EAIENT OF FlI4A14CSAL ACTIV iTiES 2024 Toial fund5 2023 Total funds Unre5trlcted funds Restricted funds Notès INCOME FROM Dnniltinn4 and 1 77A ?..776 Charlrable actlvlrles Support Seimces Out of Hours Support Studei-lt Eveiit5 1,104,852 413,582 1,)47 1,104,852 413, 582 1,053,457 496,796 I,J61 Other trading activities 277 40.895 1,562 729 277 40.895 1 ,563,7£9 559 22,738 1,581 922 Total EXPENDITURE ON Charitable activities Support Serrfices 1,549,047 1,549,047 1,351.632 NET INCOME 13,682 I,Ix)o 14,682 230,290 RECONCILIATION OF FUNDS Tot31 funds brought forward 1.322,138 5,352 1,327,490 1,097,200 TOTAL FUNDS CARRIED FORWARD 1 335 820 1.342 172 1, 327.490 The notes forrn part of these financial 5tatewneiits Page 12
PENNINE MAGPIE IREGISTERED NUMBER: 044989861 ALA14CE SliEEI 2024 Tolal funds 2023 Unre5tri£ted tUWbd5 Restricted fund5 Tot61 funds Note5 FIXED ASSE[5 Tanoihlp h%%pt% 1? 17R 117 17R.137 CURRENT ASSETS Debtor5 Cash at bank and in hand 206,009 996,979 1,202,988 206,009 1.OQ3,331 1,209,i40 241.630 I,Q89.643 1.331,£7i 14 6,352 CREDITORS 145,3051 145,3051 154.3641 NET CURREKt ASSETS 1.157,683 6,352 1,164,035 1,276 909 TOTAL ASSETS LESS CURRENT LIABILITIES 1,335,820 6.352 1,342,172 1,327,490 NET A55Ers FUNDS Uni-estricted funds P.e5tricted f undr 1 335,820 6,352 1,342,172 1,327 490 17 1,335,820 1,322,138 TOTAL FUNDS 1.342.172 1 327.490 The financial statement5 were approved by the Board Df Trustee5 and authorised for i55Je on 30 September 2025 and were signed on its behalf by.. J L Core Trustee J P West Trustee The notes I part of Ihese linancial statements Page 13
PENNINE K4GPIE CASH FLOVI S I ATEilEH I FOR THETEArEFER 2024 2024 2023 Notes Cash flows f rom operating activitiès Casl) genei.ated fi'om operations 22,681 156,414 ?? Ag Cash f Sows from investing actlVTties Purchase of iangible fixed assets Interest received Net ¥ash used iii investing activitie5 1149.8881 142,4911 22,738 119,7531 1108,9931 Change in cash and cash equivalents in the reporting period Cash and cash equivalents at the beginning of the reporting period Cash and cash equivalents at the end of the reporting pèriod 186,3121 136,661 1.089,643 952,982 1 003.331 1.089.643 The notes tomi part of these financial statements Page 14
PENNINE MAGPIE 14OTES 1 O THE CASH FLOb¥ S i A I EMEN I RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPEIi4TING ACTIVITIES 2024 2023 Net income for the reportlng period las per the Statement ot Financial Activltiesl 14.682 230,290 Deni ecialion chai'ops Interest received Decrease/lincrea5el in debtors IDecr•asei/increase in ci'editor5 Net cash provlded by operation5 22.332 140,8951 35,621 19,a591 22,681 6.182 122,7381 185,0351 27.715 156.414 ANALYSIS OF CHANGES IN NET FUNDS At1.1.24 Cash f low At 31,12.24 Net cash Cash at bank and in hand 1,089,643 1,089 643 1 089 643 86,3121 86 3121 186 3121 1.003 331 1.003.331 1 003.331 Total The note5 lorm pari of these financial 5tatemeiits Page 15
PENNINE MAGPIE
IYOTES Ti> 1 14E F114AI4CIAi STATiMElyTS
ACCOUNTING POLICIE5
Bèsis of preparing the flnancial statemeDtS
The financial stèiements of the rharirable con)pany. whic.tt is a put)lic benefit enrity linder FR5 102, have geen
prepar'ed in accordance with the Char'ities SORP IFRS 1021 'Accoiintiiig and Rei)orting by Cliarities.. SLateme'.ii of
Pr?rirtr r1I2v j juc
+hp FTn?nr j?1
ReDoitino SLandai"d applicable il) the Uyi ai)d Republic of Ireland IFRS 1021 leffective l Jaiiuarv 20191.. Finaicioi
Repoiting Standaid 102 'The Financial Reporting Standard applicable ith the UK and Republic of Irelai)d' and tlie
Comp)nies Act 2006. Tlie fiiianriol statements have been pi"epared under the historical c05t convention.
Incomln8 resourtes
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PENNINE MAGPIE NO I E5 1 G I HE FINk4£lAL S i Ai EhlE14TS - CLbiiLiiiueo ACCOUNTING POLICIES. continued Fund accounting Restrlcted funds can only be u<ed tor particular I'w.tricied pui"pose5 Wlthin the objects ol the chaiity- Resti'Ktions aiise wlieii specified by tl)e doi)01- or whei) Iiiiids ale 1-alsd foi. pai'ticulèr restricted pui'poses. FLfl-tl)ei' exDlancltion of the natui-e and puroose of each fuiid Is inclJded in the notes to the liiiaiicial 51aCements. Hire purchase and leasing commitments Reiila15 paid under. opei'atirig lease5 are chai ged to the _.iaiemeiit of Pinoncial Ac'.iviiies on a sti'aiglit line basi5 Penslon costs and other post-retirement beneflts The charitable compaiiy operates a deliiied contributioii peision scheme. Contributions pavable to the chai-itable companys pension scheme are chai.ged to Ihe Statement ol Financial Activitie5 in the period to which Ihey reLaie. Cash at bank and in hand Cash at bank and in hand includes cash and short term highly liquid Investments with a short maturity of three month5 Dr less from the date of acquisilion or openlng of the deposTt or similar account. DONATIONS AND LEf?AflES 2024 2023 i)onations Grants 1,776 6.811 5(Kl Grants received, Tncluded in the above, are as follows.. 2024 2023 Other grant5 500 OTHER TRADING ACTIVITIE5 2024 2023 Fundffilsing events 277 559 Page 17 coiiiinued...
PENNINE MAGPIE NO I ES I O THE FIt4ANCIAL ST I EAIE14 1 S - coiiliihued INVESTMENT INCOME 2024 2023 Deposlt accoiint intei"e5t 22.738 Ikirntsr ru APIT A 01 r ArTiiirrir 2024 2023 Out ol Hours Support Support Services Studcnt Events Total actlvltles Total actlvlties S41Pt)oi"t Service5 OLIt of Hours Support Sludtiit Eveiits 1.104.852 1.104.852 413,582 1 .053.457 496,796 1,061 551.314 413,582 1,347 1.104 852 413,58i 1.519.781 cHATABLE ACTIVITIES COSTS Support Qsts Isee note 71 Dlrect Cost5 Totals Support Services 1 .3Q8,642 240.405 1 549.047 SUPPORT COSTS Office C05t5 Govemance costs Management Tota15 Support Services 174.414 60.979 5.012 240.405 NET INCOMEIIEXPENDITUREI Nel ii)coiiie/lexpei)ditui'el is slated after chai-gingllciedilingl: 2024 2023 Auditor5, remuneration Audiiors remunerarion Depreciation owned assets Hii'e of plant and macpiinery Other operating leases 5,012 4,ODU 6,182 4,558 22,332 492 Page 18 ctIllUed...
PENNINE MAGPIE O I ES TO THE FINAFiCiAi S i A i iMElitTS - ct)nLinued TRUSTEES. REMUNERATION AND BENEFIT5 There were no trustee5' remuneration or other benefit5 for the year ended 31 Decernber 2024 nor fDr the year ended 31 Deceinber 2023. Tru5tees' expenses There wei'e no trustees expenses paid for the yeJi- ended 31 December 2024 noi. for the year ended 31 Deceiyber 2023. 10. STAFF COST5 2024 2023 Wages and salaries Social securit> cost5 Other pension c05t5 1,205,336 71,976 23,426 1.300 738 1,039,041 64.322 1 .128.505 The average monthly number of employees during the year was as follows.. 2024 20?3 Maiiagement Administration Support 37 41 20 27 No employees received emolurneiits in excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted funds Restrfcted funds Total funds INCOME FROM Donations and legacie¢ 6,811 500 7,311 Charltable actlvltles Support Services Out of Hoiir5 Support Studeiit Event5 1,053,457 495,796 1,061 1,053,457 496,796 1,061 Other tradirbg activities Investment income rotal 559 559 22,738 1 ,581 .922 1.581,422 5CK) EXPENDITURE ON Charitable activities Support Services 1,35D,663 969 1,351,632 Page 19 continued..
PENNINE MAGPIE NO I ES TO THE Fi14AllCIt4L STA I EMi14 1 S . LQntirJued COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued Unrestricted funds Restricted funds Total funds NFT INrnMFIIFYPFNnlTI IRF) ?In.759 IA1691 ?Rn ?on RECONCILIATIOW QF FUNPS Total fund5 brought forwai-d 1.091.379 5.821 1,097,200 TnTII FI INDA CARRIFrJ FnRWARD 1 I?? 11R 1.777.49n 12. TANGIBLE FIXED ASSETS Fixtures and fittings Short leasehold Motor vehicle5 Computer equipment rota15 COST At 1 January 2024 Additions Al 31 Decemèer 2024 DEPREfiATION At l Januai y 2024 Charoe for year At 31 December 2024 NET BOOK VALUE AL 31 Deien)bgi 2024 At 31 Decemter 2023 94,526 128,791 114.363 132,350 247,713 36.678 16 $38 374, 358 149.888 524,246 94,526 128.791 120.361 79.953 16,134 96,087 28,937 323.777 22.332 346,109 94.526 122.683 32,813 6.108 151.626 20.403 7.741 178,137 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trade debtors Other debtors Accruals Prepayments 158,726 4,819 8,273 34,191 206.009 180,039 28,738 13,446 19,407 241.630 Page 20 coiitinued...
PENNINE MAGPIE kio I ES 1 O THE Fi14A14¥iAi S I ATEMENTS Lulilllluèa 14. CASH AT BANK AND IN HAND Royal Mencap Society 1 Geheral fusi Buil¢Jing lund Casli in hand Bank deposit account Notice deposit account Total 183 114,915 4,631 iyu,uuu 750 000 246.979 2024 Z023 Roval Mencap 5ocitrty 2 Total lunds Totèl fun¢fjs CFFC fund Cash in hand Bank deposit account Noiice deposit accoui)t Total ',83 121.267 881 881 1.003 331 392 247,373 841 878 1 089 643 721 1.000 721 1 .000 15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trade creditor5 Social security artd other taxes AccrLSed expenses 7,549 2Q,359 10,957 20,773 45.305 LEA51NG AGREEMENTS Mininium lease paynienls under non-caricellable opel ating leases fall due 05 follows= 20Z4 2023 Within one year Between one and five years 19,901 17,023 14.280 31 .303 41.323 Page 21 contii)ued...
PENNINE MAGPIE NO I ES TO I FSNANCIAL S i A I EME14 15 - continued 17. MOVEMENT IN FUNDS Net movèment in funds At 31.12.24 At1.1.24 Unrestricted funds General fund 1Suilding luna 572,138 lyu,uuu 1,322,138 13,682 585,820 i)u,u 1,115,820 13.882 Restricted fund5 Roy'ol IILepcap JtsCIEty 1 Roval Menc8D Socieiv 2 CFFC fund 4,631 721 4.631 721 1,000 6,3 Jf2 1 342.172 1,000 I,JOO 14.682 TOTAL FUNDS 1.327 490 Net rnovement in funds. included in the above are a5 follows: InCOlA£ resources Resources expended ovement in funds Unre5trlcted fund5 General fund 1. 562.729 11.549,0471 13,682 Re5tdcted funds CFFC fund 1,000 1.000 TOTAL FUNDS 1.563 729 1.549 0471 Comparatives for movement In funds Ilet movement in fund5 At 31.12.23 At 1.1.23 Unrestritted funds General fund Building fund 341.379 750,000 1,091.379 230,759 572,138 750,LY)O 1.322.138 230,759 Restricted funds Royal Mencap Society 1 Royal Mencap Society 2 4,880 941 5,821 1 .097 200 12491 12201 14691 230.290 4,631 721 5,352 1.327,490 TOTAL FUHDS Page 22 coiILiiiued.
PENNINE MAGPIE Q I ES TO THE Fli4AlyCiAL S i A I EME14TS . Ltsi'iLinued 17. MOVEMENT IN FUNDS - contlnued Comparative nel movement funds, included Tn the above are as follows: liicoming rpqniirr Re5011rce5 Movetnént in fiinrf£ Unrestricted funds General fund 1.581,422 11,350,6631 230,75 Restricted funds Roval MencaD Socielv I Royal Mencap Society 2 IqHP Wdl <5 Foi Jiii 12491 1?201 15001 1969 1 351.6321 12491 12201 500 500 1.581.922 14691 230.290 TOTAL FUNDS Restricted Funds Fund Name Royal Mencap Society 1 Purpose of restriction Towards mixed abilitv fo)tball Towards the 'Let's ge( digital, prograrnme for organi5ationa'. dipitèl nppdt. ?r)d fnT Bn pqiiir)mpnl hiirEary fnr momhprs t acc855 new technology aFtd Inci-ease their digTtal skills Towards levellins and I'efurbishing the gai.den flooring Royal Mencap Society 2 NHP Ward Foruin Dèslgnated Funds Fund Name Buildiiig Fuiid Purpose of de51gnatlon Funds set aside toward the purchase of a Milding RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31 December 2024. Page 23
Tliib JuLLiiii¢iII w ¢15 1i¢lii, ej-ed Usiiig) eleLIL OiilL LOlllllIlllliL dli011s <ll'icI aii(li¢i ItlLcil ed iij 1LCOI-daiiLe witli the registriir's niles relcltiiigr to Llecti-onic form, aiitliciitlcl¢ tion and iiiaiinei- of delivery iiiidei" ,%ectioii 1079 of tlie C'oiiii?aiiies Act 2006.