## **Pennu Charity**
**Charity No. 1168247**
**Company No. 10280494**
**Trustees' Report and Unaudited Accounts**
**31 July 2023**
**Pennu Charity Contents**
||Pages|
|---|---|
|Trustees' Annual Report|2 to 5|
|Independent Examiner's Report|6|
|Statement of Financial Activities|7|
|Summary Income and Expenditure Account|8|
|Balance Sheet|9|
|Statement of Cash flows|10|
|Notes to the Accounts|11 to 18|
|Detailed Statement of Financial Activities|19 to 20|
Page 1
**Pennu Charity Trustees Annual Report**
The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the unaudited financial statements of the charity for the year ended 31 July 2023.
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Company No. 10280494**
## **Charity No. 1168247**
## **Principal Office**
18 Woodward Road Dagenham RM9 4SH
## **Registered Office**
18 Woodward Road Dagenham RM9 4SH
## **Directors and Trustees**
The Directors of the charitable company are its Trustees for the purposes of charity law. The following Directors and Trustees served during the year:
A.O. Bright O.A. Bright A. Hag S.O.O. Okafo D. Williams
## **Accountants**
JOS Accountants Limited Unit 3, 51-57 High Street So East Ham London E6 6EJ
## **Bankers**
Barclays Bank PLC
## **OBJECTIVES AND ACTIVITIES**
The purpose of the charity as set out in its governing document is TO RELIEVE THE NEEDS OF AND TO PROMOTE THE GOOD HEALTH AND WELL-BEING OF ELDERLY/OLDER PEOPLE IN THE UNITED KINGDOM BY SUCH CHARITABLE MEANS (CHARITABLE UNDER ENGLISH LAW) AS THE DIRECTORS SEE FIT FROM TIME TO TIME FOR THE PUBLIC BENEFIT.
The main activities undertaken in relation to those purposes are various activities for the elderly and old people.
Page 2
**Pennu Charity Trustees Annual Report**
The activities includes organising parties and social activities for the elderly weekly and for special occasions like Christmas
## Celebrating maturity: Our flagship event :
Among the array of events are: “Celebrating Maturity” which is an annual event held on the last Friday of January where we have over 140 older people coming together to befriend, fed, have professional from the healthcare sector to come and talk about their health and wellbeing, have hair and nails done – a pampering day and partake in games and folk songs and dancing. An engaging day that takes them out of isolation to meet and make other friends. We celebrated a 99 year’s old birthday and an 88-year-old. Celebrating maturity event is always an event to look forward to yearly.
## Elderly Week Celebration:
In October 2023, Pennu celebrated elderly week with the senior citizens of Barking and Dagenham. This was in celebration of the International Day of the Older Person which is observed every year on October 1st. This is an event that Pennu religiously celebrates as an afternoon of fun, entertainment, music, and food, free of charge to all seniors and pensioners of the borough. The celebration was held at the Barking and Dagenham Learning Centre and was a success. A number of seniors were in attendance and enjoyed free donuts donated by Greggs and a warm meal, in the company of their neighbours and friends. With the generous donations of our sponsors namely Joella’s cakes, John Samuel Estate and LBBD, every senior in attendance received a goodie bag from Pennu to say ‘thank you’.
Health and safety Awareness Day - Yearly Event
Another event run in the year is the “Health and Safety Awareness Day” - An event where we invite health professionals from all the health sectors NHS England, Community Health Unit, GP's, Geriatric doctors, Cancer Research, Diabetes unit. Blood pressure and all health issues are dealt with and referrals are also made at this event. This has saved the lives of many older people who are not even aware or conscious of the issues they are having with their heath. This event happens twice a year – April and November. We also invite the police and the neighborhood police to talk about safety on the street and keeping safe at home which also covers safety gadgets that can be used in the home to prevent burglary and theft.
## International Cultural Day
We continued this financial year 2022/2023 the “International Cultural Day” which was introduced in the last financial year where elders from the various communities and backgrounds who are Pennu Members and friends were celebrated at this event. Everyone wore costumes, traditional outfits from their different communities and we had from different countries. A well-attended event where we had singers and music from across the world. Such a beautiful event and by popular demand the elderly have requested we repeat this yearly – so will be seeking some grants from the Arts and Culture department to fund this event. Went down well with the older people and are wanting more of it. Our plan to seek funding to re-run this event has not materialized.
Pennu displayed International Cultural Day for the elderly in April 2023. Our elderly comes from a multicultural society and consequently this event was both appropriate and highly welcomed. It marked the importance of various aspects of human life. Children greeted the elderly in English, French and Ibo. It was an opportunity where superb activities were organised to entertain the elderly-the main theme being celebrating the elderly in a broader strategy.
The event engaged the elderly with health-related talks, songs, dance, finger foods in between breaks. This event most importantly and more generally was just another springboard for awareness-raising actions for the elderly both near and far of Mama Pennu.
Page 3
**Pennu Charity Trustees Annual Report**
## Others are:
## Coffee Mornings
Before the total lockdown arising from the outbreak of Covid-19, we continue to run Coffee Mornings 3 days a week – Mondays, Wednesdays, and Thursdays for 2 hours and in Marks Gate on the last Monday monthly 12-2pm. Our survey of attendees confirms that the older residents look forward to these days as they come together and engage with one another. At the coffee mornings they take part in knitting and crochet activities, and we also have the police and health specialists occasionally to come and talk to the about the safety concerns, avoiding fraud, basic health needs. At these events, with formal evaluations, we have identified that a few repeating concerns and need have been resolved and met and the older people are happy with the Pennu Projects. Coffee mornings have now resumed fully as the elderly are in the vulnerable category.
## Intergenerational Events
Our “Intergenerational Events” continue to be well attended as our elderly and young people engage in recreational activities, they see this as a way of remaining connected to society as well as sustaining their own mental wellbeing. We are grateful to our volunteers who are all DBS cleared and are conscience us in what they are doing especially when they give advice.
## Christmas Special
Pennu hosted a fundraising dinner for the elderly online and in line with govt guidelines. Following the success of last year’s Christmas Special with the elderly at Chase View. Hampers were handed out for the Special event.
## Annual Charities Day
Pennu holds a unique place of representation at the official Annual Charities Day in the Borough of Barking and Dagenham. Pennu events have always attracted inspiring speakers from the fields of politics, medical, academia, clergy, business, safer neighborhood to name but a few. Our events promote and encourage binding, love, laughter, fun and feeling part of the family. The quizzes, games, dancing, enjoying delicious, sumptuous food and drink, making new friends, all create a convivial and loving atmosphere. In July we were part of the organisers of this event, and it was an outstanding success.
## Pennu Appreciation Day:
This special event was held on ground at the BLC in Barking. The event is to express appreciation, love and care to the elderly and to everyone to continuously volunteer to uphold the charity. The lockdown, ironically, has propelled Pennu’s board of Trustees to stretch their resources for the well-being of the elderly. The numerous zoom events, activities, talks have kept the elderly at the forefront of what Pennu does and this has also stretched our budget and spending. The event had over 200 elders in attendance. It was like a carnival.
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006 and in accordance with the Charities SORP (FRS 102).
Page 4
**Pennu Charity Trustees Annual Report**
Signed on behalf of the board
A.O. Bright Trustee 11 December 2023
Page 5
**Pennu Charity Independent Examiners Report**
## **Independent Examiner's Report to the trustees of Pennu Charity**
I report to the charity trustees on my examination of the financial statements of Pennu Charity for the year ended 31 July 2023.
## **Responsibilities and basis of report**
As the charity's trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act.
Having satisfied myself that the financial statements of the Charity 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 charity's financial statements as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
## **Independent examiner's statement**
I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe:
- accounting records were not kept in accordance with section 386 of the 2006 Act ; or
- the financial statements do not accord with those records; or
- the financial statements do not comply with the accounting requirements under section 396 of the 2006 Act other than any requirement that the financial statements give a 'true and fair' view which is not a matter considered as part of an independent examination; or
- the financial statements 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 have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
Onasanya Ogundele (Institute of Financial Accountants) JOS Accountants Limited Unit 3, 51-57 High Street So East Ham London
E6 6EJ
11 December 2023
Page 6
**Pennu Charity Statement of Financial Activities**
## **for the year ended 31 July 2023**
|**Notes**
**Income and endowments**
**from:**
Donations and legacies
4
Charitable activities
5
Other trading activities
6
Other
7
**Total**
**Expenditure on:**
Raising funds
8
Charitable activities
9
Other
10
**Total**
Net gains on investments
**Net income**
11
Transfers between funds
**Net income before other**
**gains/(losses)**
**Other gains and losses**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**|**Unrestricted**
**funds**
**2023**
**£**
22,170
-
3,681
139|**Endowment**
**funds**
**2023**
**£**
-
-
-
-|**Total funds**
**2023**
**£**
22,170
-
3,681
139|**Total funds**
**2022**
**£**
4,753
34,397
-
-|
|---|---|---|---|---|
||25,990
9,312
540
10,706|-
-
-
-|25,990
9,312
540
10,706|39,150
-
7,862
16,654|
||20,558
-|-
-|20,558
-|24,516
-|
||5,432
-|-
-|5,432
-|14,634
-|
||5,432|-|5,432|14,634|
||5,432
-|-
76,168|5,432
76,168|14,634
61,534|
||5,432|76,168|81,600|76,168|
Page 7
**Pennu Charity Summary Income and Expenditure Account**
## **for the year ended 31 July 2023**
|Income
**Gross income for the year**
Expenditure
Depreciation and charges for
impairment of fixed assets
**Total expenditure for the year**
Net income before tax for the year
**Net income for the year**|**2023**
**£**
25,990
25,990
17,436
3,122
20,558
5,432
5,432|**2022**
**£**
39,150|
|---|---|---|
|||39,150|
|||23,367
435|
|||23,802|
|||15,348|
|||15,348|
Page 8
**Pennu Charity Balance Sheet**
## **at 31 July 2023**
|**Company No.**
**10280494**
**Notes**
**2023**
**£**
**Fixed assets**
Tangible assets
13
8,542
8,542
**Current assets**
Debtors
14
3,018
Cash at bank and in hand
70,767
73,785
**Creditors:**Amount falling due within one year
15
(727)
**Net current assets**
73,058
**Total assets less current liabilities**
81,600
**Net assets excluding pension asset or liability**
81,600
**Total net assets**
81,600
**The funds of the charity**
**Restricted funds**
16
Endowment funds
76,168
76,168
**Unrestricted funds**
16
General funds
5,432
5,432
**Reserves**
16
**Total funds**
81,600|**2022**
**£**
918|
|---|---|
||918
1,188
74,842|
||76,030
(780)|
||75,250
76,168|
||76,168|
||76,168|
||76,168|
||76,168
-|
||-|
||76,168|
These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
For the year ended 31 July 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
Approved by the board on 11 December 2023
And signed on its behalf by:
A.O. Bright Trustee
11 December 2023
Page 9
**Pennu Charity Statement of Cash flows for the year ended 31 July 2023**
|**Cash flows from operating activities**
**Net income per Statement of Financial Activities**
**Adjustments for:**
Depreciation of property, plant and equipment
Dividends, interest and rents from investments
Increase in trade and other receivables
Increase in trade and other payables
**Net cash provided by operating activities**
**Cash flows from investing activities**
Payments for property, plant and equipment
Dividends, interest and rents from investments
**Net cash used in investing activities**
**Net cash from financing activities**
**Net (decrease)/increase in cash and cash equivalents**
**Cash and cash equivalents at the beginning of the year**
**Cash and cash equivalents at the end of the year**
**Components of cash and cash equivalents**
Cash and bank balances|**2023**
**£**
5,432
3,122
(139)
(1,830)
1
6,586
(10,746)
139
(10,607)
-
(4,021)
74,842
70,821
70,767
70,767|**2022**
**£**
15,348
435
-
(1,188)
540|
|---|---|---|
|||15,135
(930)
-|
|||(930)|
||||
|||-|
||||
|||14,205|
|||-|
|||14,205|
||||
|||74,842|
||||
|||74,842|
Page 10
**Pennu Charity Notes to the Accounts**
## **for the year ended 31 July 2023**
- 1 **Accounting policies**
## **Basis of preparation**
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 1 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.
## **Change in basis of accounting or to previous accounts**
There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.
## **Fund accounting**
- Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity.
- Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values.
- Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.
## **Income**
- Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability.
- Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA. Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income.
- Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material.
Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets
Page 11
**Pennu Charity Notes to the Accounts**
## **Expenditure**
- Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates.
- Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs.
- Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid.
- Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs.
- Other expenditure These are support costs not allocated to a particular activity.
## **Taxation**
The charity is exempt from corporation tax on its charitable activities.
## **Freehold investment property**
Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise.
## **Stocks**
Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.
## **Trade and other debtors**
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
## **Cash and cash equivalents**
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.
## **Trade and other creditors**
Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
Page 12
**Pennu Charity Notes to the Accounts**
## **Research and development**
Expenditure on research and development is written off in the year in which it is incurred.
## **Foreign currencies**
Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period.
Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred.
All exchange differences are are taken into account in arriving at net income/expenditure.
## **Leased assets**
Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.
Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases.
Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs.
Assets held under finance leases are depreciated in the same way as owned assets.
Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.
## **Pension costs**
The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.
## **Receipt of donated goods, facilities and services**
All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.
## 2 **Company status**
The company is a private company limited by guarantee and consequently does not have share capital.
Page 13
**Pennu Charity**
**Notes to the Accounts**
3 **Statement of Financial Activities - prior year**
|**Income and endowments from:**
Donations and legacies
Charitable activities
**Total**
**Expenditure on:**
Charitable activities
Other
**Total**
**Net income**
**Net income before other**
**gains/(losses)**
**Other gains and losses:**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**
4
**Income from donations and legacies**
The first category of
donation is general
donations for the charity
activies
Funds are raised from charity
events
Other donations are in form
of materials, foods and
others donated in kind|**Unrestricted**
**funds**
**2022**
**£**
4,753
34,397
39,150
7,322
16,480
23,802
15,348
15,348
15,348
-
15,348
**Unrestricted**
**£**
11,530
2,881
2,184
5,575
22,170|**Endowment**
**funds**
**2022**
**£**
-
-
-
-
-
-
-
-
-
60,819
60,819
**Total**
**2023**
**£**
11,530
2,881
2,184
5,575
22,170|**Total funds**
**2022**
**£**
4,753
34,397|
|---|---|---|---|
||||39,150
7,322
16,480|
||||23,802|
||||15,348|
||||15,348|
||||15,348
60,819|
||||76,167|
||||**Total**
**2022**
**£**
4,753
-
-
-|
||||4,753|
Page 14
**Pennu Charity Notes to the Accounts**
|5
**Income from charitable activities**
Charitable activities are for
support for the elderly.
6
**Income from other trading activities**
7
**Other income**
8
**Expenditure on raising funds**
_Costs of generating voluntary_
_income_
The first category of
donation is general
donations for the charity
activies
Funds are raised from charity
events|**Unrestricted**
**£**
3,681
3,681
**Unrestricted**
**£**
139
139|**Total**
**2023**
**£**
-
-
-
-
**Total**
**2023**
**£**
3,681
3,681
**Total**
**2023**
**£**
139
139|**Total**
**2022**
**£**
2,587
1,188
30,622|
|---|---|---|---|
||||34,397|
||||**Total**
**2022**
**£**
-|
||||-|
||||**Total**
**2022**
**£**
-|
||||-|
|||||
||**Unrestricted**
**£**
3,585
5,727
9,312|**Total**
**2023**
**£**
3,585
5,727
9,312|**Total**
**2022**
**£**
-
-|
||||-|
Page 15
**Pennu Charity Notes to the Accounts**
|9
**Expenditure on charitable activities**
_Expenditure on charitable_
_activities_
Charitable activities are for
support for the elderly.
_Governance costs_
10 **Other expenditure**
Employee costs
Motor and travel costs
Premises costs
Amortisation, depreciation,
impairment, profit/loss on
disposal of fixed assets
General administrative costs
Legal and professional costs
11 **Net income before transfers**
This is stated after charging:
Depreciation of owned fixed assets
12 **Staff costs**
Salaries and wages|**Unrestricted**
**£**
-
-
540
540
**Unrestricted**
**£**
3,736
748
665
3,122
2,009
426
10,706
**2023**
**£**
3,122
**2023**
3,736
3,736|**Total**
**2023**
**£**
-
-
540
540
**Total**
**2023**
**£**
3,736
748
665
3,122
2,009
426
10,706|**Total**
**2022**
**£**
1,725
5,597
540|
|---|---|---|---|
||||7,862|
||||**Total**
**2022**
**£**
12,395
619
2,119
435
1,086
-|
||||16,654|
||||**2022**
**£**
435
**2022**
12,395|
||||12,395|
No employee received emoluments in excess of £60,000.
Page 16
**Pennu Charity Notes to the Accounts**
## 13 **Tangible fixed assets**
|**Cost or revaluation**
At 1 August 2022
Additions
At 31 July 2023
**Depreciation and**
**impairment**
At 1 August 2022
Depreciation charge for the
year
At 31 July 2023
**Net book values**
At 31 July 2023
At 31 July 2022
14 **Debtors**
Other debtors
15 **Creditors:**
amounts falling due within one year
Other creditors
Accruals
16 **Movement in funds**
**Restricted funds:**
**Endowment funds:**
_Total_
**Unrestricted funds:**
**General funds**
**Total funds**|**At 1 August**
**2022**
76,168
76,168
-
76,168|**2023**
**£**
3,018
3,018
**2023**
**£**
541
186
727
**Incoming**
**resources**
**(including**
**other**
**gains/losses**
**)**
**£**
-
-
25,990
25,990|**£**
1,741
10,746
12,487
823
3,122
3,945
8,542
918
**Resources**
**expended**
**£**
-
-
(20,558)
(20,558)|**£**
1,741
10,746|
|---|---|---|---|---|
|||||12,487|
|||||823
3,122|
|||||3,945|
|||||8,542|
|||||918|
|||||**2022**
**£**
1,188|
|||||1,188|
|||||**2022**
**£**
540
240|
|||||780|
|||||**At 31 July**
**2023**
**£**
76,168|
|||||76,168|
|||||5,432|
|||||81,600|
Page 17
**Pennu Charity Notes to the Accounts**
## 17 **Analysis of net assets between funds**
|**Analysis of net assets between funds**||||
|---|---|---|---|
|Fixed assets
Net current assets
**Reconciliation of net debt**
Cash and cash equivalents
Net debt|**At 1 August**
**2022**
**£**|**Unrestricted**
**funds**
**£**
8,542
73,058
81,600
**Cash flows**
**£**|**Total**
**£**
8,542
73,058|
||||81,600|
||||**At 31 July**
**2023**
**£**|
||74,842|(4,075)|70,767|
||74,842
74,842|(4,075)
(4,075)|70,767|
||||70,767|
## 18 **Reconciliation of net debt**
## 19 **Related party disclosures**
## _**Controlling party**_
The company is limited by guarantee and has no share capital; thus no single party controls the company.
Page 18
**Pennu Charity Detailed Statement of Financial Activities**
## **for the year ended 31 July 2023**
|**Income and endowments from:**
Donations and legacies
The first category of donation is
general donations for the charity
activies
Funds are raised from charity
events
Other donations are in form of
materials, foods and others
donated in kind
Charitable activities
Charitable activities are for
support for the elderly.
Other trading activities
Other
**Total income and endowments**
**Expenditure on:**
Costs of generating donations and
legacies
The first category of donation is
general donations for the charity
activies
Funds are raised from charity
events
**Total of expenditure on raising**
**funds**
Charitable activities
Charitable activities are for
support for the elderly.|**Unrestricte**
**d funds**
**2023**
**£**
11,530
2,881
2,184
5,575
22,170
-
-
-
-
3,681
3,681
139
139
25,990
3,585
5,727
9,312
9,312
-|**2023**
**£**
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-|**Total funds**
**2023**
**£**
11,530
2,881
2,184
5,575
22,170
-
-
-
-
3,681
3,681
139
139
25,990
3,585
5,727
9,312
9,312
-|**Total funds**
**2022**
**£**
4,753
-
-
-|
|---|---|---|---|---|
|||||4,753|
|||||2,587
1,188
30,622|
|||||34,397|
|||||-|
|||||-|
|||||-|
|||||-|
|||||39,150
-
-|
|||||-|
|||||-
1,725|
Page 19
**Pennu Charity Detailed Statement of Financial Activities**
|Governance costs
**Total of expenditure on charitable**
**activities**
Employee costs
Salaries/wages
Motor and travel costs
Travel and subsistence
Premises costs
Rent
General administrative costs,
including depreciation and
amortisation
Depreciation of
General insurances
Stationery and printing
Sundry expenses
Telephone, fax and broadband
Legal and professional costs
Other legal and professional
costs
**Total of expenditure of other costs**
**Total expenditure**
Net gains on investments
**Net income**
**Net income before other**
**gains/(losses)**
Other Gains
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**|-
-
540
540
540
3,736
3,736
748
748
665
665
3,122
-
-
1,351
658
5,131
426
426
10,706
20,558
-
5,432
5,432
-
5,432
-
5,432|-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
76,168
76,168|-
-
540
540
540
3,736
3,736
748
748
665
665
3,122
-
-
1,351
658
5,131
426
426
10,706
20,558
-
5,432
5,432
-
5,432
76,168
81,600|5,597|
|---|---|---|---|---|
|||||7,322|
|||||540|
|||||540|
|||||7,862
12,395|
|||||12,395|
|||||619|
|||||619|
|||||2,119|
|||||2,119|
|||||435
175
911
-
-|
|||||1,521|
|||||-|
|||||-|
||||||
|||||16,654|
|||||24,516
-|
|||||14,634|
|||||14,634
-|
|||||14,634|
|||||61,534|
|||||76,168|
Page 20