REGISTERED CHARITY NUMBER.. 1176740 REPORTOFTHE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENOED 31 MARCH 2023 FOR PAPI TOGÉTHER BdEht Brown Limited Chartered Accountants Ex£hange House St. Cross Lane Newport 151e of Wight P030 5BZ
PAN TOGETHER CONTENT5 OF THE FINANCIAL STATEMEN75 FOR THE VEAR ENDED 31 MAACH 2023 Pase Report ofthe Tw$tee$ Independent Examlntr's Rtport Statement of Flnanclal Activlttes Balance Shèèt io Notes to the Financbal Statements 11 to 20 Detalled Statement of Flnanclal Actlvitie5 21 to 22
PAN TOGETHER REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023 ThÈ trtsstee5 present thelr rÈport wlth the flnanclal statements of the charity for the year ended 31 March 2023. The trustees have adopted the prowsions of Accounting and Reporting by Charities.. Statem&nt of Reiommended Practice applicable to tharities preparing thei¥ accounts in accordance with ihe Financial Reporting Standard applicable in the UK and Republlc of Ireland IFRS 1021 leffectlvÈ l January 20191. OBJECTIVES ANO ACTMTIES Oblertl¥es and alms To further or benefit the residents of Newpurt. Isle of Wight by associating together the sald residents and the local aijthorities, Voluntary and other organisations in a cDrnmon effort to advance educ3tion and to provide facilities in the intefe5ts of Social welfare for recreatlon and leisure tlme occupation with the objettive of improvlng the condltions of Ilfe for the residents. Publlc benefft The Trustees have complled wlth their duty under section 411) of the Chayities Art 2011 with regard to Charity Commission guidance on public benefit when reviewirbg theirobjectives, alms, and future planning. Page I
PAN TOGETHER REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021 ACHIEVEMENT AND PERFORMANCE Chayltable adlvltles P3n TDgether eKlSts to support and provide 3 communlty hub for the re5ident5 of East Newport, whlch includes the 151e of Wight's most d15èdvantaged area Pan & Barton. ranked at 5.8% in England's most deprived. In otbÈr words. 94% of place5 cr055 the country are more affluent than Pan & Barton. Our mission is to improve the conditions of life for local resldents. Many people in our CDmmunity face multiple chsllenges and are amongst society's most vulnerable and marginalised. shotklng 35% of local children are growlng up In poverty. Compared to an England average Df 17%. These 5tali5tlcs are from September 2019 and the sltuation has undoubtedly worsened in the wake of the pandemlc and the cost of living cri515 which Is bitinE $0 hard for so many. Our purp05e-built cefitre comprlses- a community café providlng wholesome. affordable food Whil 3lsu acting 35 H 50tlal hub; an IT learning 5Ulte (with free wfI and eight computÈrsl,. - two tommunity rooms., a large training klt¢hen,' and - an outside prDducfrgrowin8 area. We provide.. vit31 Signposting and trla8e support for peoplè nèedin8 assiStaTh and advitè,. help to avert social isolation., free courses in Maths, English and IT.. volunteering and work experlence opportunltles,. Social actjvities such as bingo., and cookery sessions for vulnerable childrenj young petsple and famllies. We've a strong local reputstion for non-jud8emental inclusivity across our range of actfjvlties. We're pe1Ved Irlghtlyl as beln8 Outstde statutory agencies, contToI, which Is important as 'offici21' bodies can often be mistrusted by resident5 because of artual or apparent negative past experiences. We believe absolutety that people- yottngi old, in all thelr dlversity and whatever their circumstances- should always be treated 35 Indlviduals. It's vital that no-one feels that they're b&ng'done unto, in a worthy way, but rather that thèy're helPig to shape their own and their families, fvtures. Our board of trustees re8ularty revlews the community's need5 and we respond well to changln8 clrcumstances. Other volunteer roles include preparine andlor serving food and customers In the cafo.. baking cakes and savoury items for sale., organi5ing evening activitiesi gardening in the outside space,. unde.rtaking routine maintenance tasks.. and delivering th charltY'5 lilelltse support 5ervlces. includlng our new community larder. Many ol our v0luteÈr5 only hÈlp eath othÈr, but they alsD help theMsee5. In other places. volunteers from better-off areas 'do their bit for the less fortunate,. Here very local working-class people arÈ drawn into volunteering betause they've received help themselves and want to make their (trwn tontrlbutlon in return. In 2022-23 an external as5essor- a Deputy Lieutenant ffom the Lord Lieutenant's team - suggested that, "Thi5 volunteer input equates to the work of a minimum of 11.1 full-time equSvalent staff each week- a 5eriou51y irnpressive figure given th3t Pèn Together actually employs just 1.8 full-tlme equivalent staff.. Page 2
PAN TOGETHER REPORT OF THE TAUSTEES FDR THÉ YÉAR ENDED 31 MAflCH 2023 We've an increa5n¥1¥ pivotbl Tole at the heart of the local community. WÈ oflÈr both direct practical support ift terms of advice anrj signposiing, food and the thance to learn new skllls, and more Indlrect support with respect to being a warm, friendly 3nd ThurturinE centre for people 5trugglTrn8 Wlth the Challenges ol their lives- such as poverty, i501ation, loneliness and low levels of self-esteem and self-wnfldence. On 4th hAay 2022, we launched the Pan Employability Project. This provide5 free weekly drop-in sessions for people vlanting to brush up their skills andlor get hÈlp wlth their CV andlor are thinking about rurning to work aftei a break. Remarkably, in the fi15t 10 months of operation alone. the projECt helped 19 local people to find paid work andlor start volunteering with other organisations. In November 2022, our Chair. Laura Byine, w85 preseIed w4th a LearniD8 lor Work Award by the151and's AdtFIt Communlty Learning team for her achievements in leadlnE these sessions. aving identified the growln8 need in Autumn 2021, our community sijpport and anti-poverty 5ervS¢es arÈ Isadlvl Increasingly essÈntlal. No-one should have to Ehoose bween food, fuel and chlldren'5 clothes. We can't char$8e the world but we do make 3 tan8ible dlrect dlfference to people's lives. The need Is certainly urgent and pressin8. Since 4th November 2022. we have run the Pan Community larder twice a wepk for local Idents ol East Newport. MembErs pay £S per weekly vlsit for two carrler ba8s of frp5h, Iroien, refrigerated, tinned ènd dried food and other household essentlals, which they choose for thern5elves. If they choose wisely, they'll recewe £20 to £30 of goods each V151t and no one nÈÈds a referral. Our communlty larder Is becoming intyeaslngly busy and we're provldSn8 direct and vltal support to local families and households in these Rrlm and challenging times. sadly, demand is only in¢reasing and is going to increasÈ ftsrther. At the tiffie of writing this report learly May 20231.. 102 households have used the larderto date- an intrease of 18.6% SnCe the end of February,. - Those 102 households account for a total of 296 residents- an Increase of 15.6% since the Énd of February- - 481 visits have fiow beÈn made to the larder- a 64.7% increase since the end of Feb¥uary,' and - 1,355 mouths have now been fed- a 61.7% bncrease sInthe end of Febnjarv. Demand Is nowgreatest from worklng families. It'5 a damnsng illdsrtffient on SOCiEty that people have to lace desperate crises on a daily basis - but we'll continue to do what we can io make a dlffer@nce towards our mission of improvinE the CDnditlons of Ilfe for local rE5ii*ents' future5. Our achIements and capacity to deliver have been widely recogni5ed. In May 2022, the then Earl and Count&s of Wessex (Prlnce Edward and 5ophiÈ, now thelr Royal Highnesses the Duke and Ouchess of EdiTrburghl made Unp¢edentÈd visit to the centre with the Island's Lord Lieutensnt to sayihank you to our voluntee[5 and staflfor all their hard work during the pandemic then local sident$Were supported by the charity in over 5,300 dSfferent ways. As part of the late aueen's Platinuln Juibilee celebrations, In June 2022 Pan Together was awarded the Queen's Award for Voluntary Service- the hlghest award a voluntsry organi5ation can receive in the UK and the organisational equivalent ol an MBE. Page 3
PAN TOGETHER REPORI OF THE TRUSTEES FOR THE YEAR ENDÉD 31 MARCH 2023 In December 2022, we recelved an award from thÈ Isle 01 Wight's High Sherlff in recognition of 'great and valuable services to the community,. In March 2023, lsland-based Utility Films released a short film - To The Bone- about Pan Together's anti-poverty work. A5 a re5uIt, we receiverl considerable broadcast tovorage on BBC Radio Solent, leaturinE in three live interviews and Tecewin8 hlgh-level breakfa51 new5 CDve¥age. TD vratch our five-mlnute fllm, visit https../Mmeo.coml807907406. On 31st March 2023. Pèn Together It1Ved a Gold Award 8t Vectis Radio'5 inaugural Isle ol Wight Community Awards as People-focused Communlty Project of the Year. Further reco8nltion of the value of our work comes in the form of flnanclal contrSbutSons. This year and in furtherantt of our charltable objects. SlBnificant funding has been secured from a wide range of sources.. -the Arnold Clark Communlty Fund,. -the ASDA Foundation Spa5 & Places Fund,. th@ Co-op,. the Edgar E Lawley foundatton.. insurance company, Fidelity International,. - the Hampshire &151e of Wight Community Foundation,. - the Home Office's violen Reduction Unit.. - the Isle of Wiqht Council's Adult Cornmunity Learning team.. - the Isle of WiÉht Council's Connect4Communities household 5UPPOrt fund,. rh¢ Isle of Wight Councll's Early Help Community Capacity fund,. the151e of Wight Distlllery., the151e of Wight Lion5,' Local8sving I Postcode Society Trust, M&S Gfiing Grant5,' - two M350nlc Lodges.. - the N3tional Lottery Community Fund,. - Newport & Carisbiooke Community CoLencil,. private individuals,. - the Quaker Le8acy Fund,. - Southern Co-op'5 More lThclu5ive Nei8hbDurhoods fund.. Southern Co-op's Ftsodbank Fund.. Southern Vectl5.' Southern Water's Community Energy Fund., Sovereign HousingAssoaation.' -Te5co Community Grants, - the TK Maxx and Homesense Foundbtion,. - enorgy company. Utilita.. and - Wave 105,5 Cash for Kids Cost of VIng Fund. We've now been operatlng for 16 v@ars. The charity's mis5iDn is ès strong and rnuch-needed 35 ever. long as funding is lorthcomin8, we'll be sustainable well into the future so that we can continue to make change a reallty. The trustees. vlsion is to further develop the incTea5ingly vibrant centie'5 rolÈ at thÈ heart of thè tomrnunity to nÈw levels, focusing o its continuing devÈloprnent as a tommunity hub to support more and different local redents. Once again, the past year ha5 been a real journey for Pan To8ether's volunteèrs and staff. We cont1n to mature as a charity workinKfDr the Interests of local people 3nd acting as advocate5 on their behalf. Page 4
PAN TOGETHER REPI)RT OF THE TRUSTEES FORTHE YEAR ENDED 31 MARCH 2023 Without the help of our stalwart volunteer5 plu5 very generous donatlons and successful 8rant appllcations, WE slmply couldn't have achieved what we knave- ènd we really do appreci3t& everyone'5 5UPPOrt tremendously. The trustees have been very proud to have shaped all of Pan Together's work thi5 yeaT and thank wÈryDne who has made such e%lIent contributlOn5 50 that the charity n conlinue to make B re31 tangible difference to our community. For further detalls of the chaiity's work, please visit www.pantO8ether.or8,uk - our new websito whlch was launched during the 2022-23 financial year. FINANCIAL REVIEW Flnan¢lal posltlon As referred to in the above charitable activitleg seition, our main focus this year has been the Pan Communlty Larder. It5 Infrastructure was largely fundeLI by the IW FoundatlDn lthÈ charitable arm of Island Roads) In the 2021-22 financial year and 4t opened ir4 November 2022. We have secured 5ignilicant grants and donations toward5 our mission of helping IDcal people cope with thp dreadfvl 'tost of living, crisis ènd are confident of lis sustainabi5ity foi at least the next 2 years. Wp also secured fundSng for our Pan Employablllty project. which 15 run stsctessfully by tt¥o ol ourtrustees and Is seen a5 a model example by the IW Councll. We have rebuilt our room rental Income durtng the year- a key part of our usual Incorne stream- above aftd well beyond thè lÈvÈls pre-covid. Calé income was also almost restored to P-coV1d levels, combined with more rigorou5 trustee control of supplles eKpendituro. Taking into account supplies and waEe5. café10sses have ieturned to pre-covld levels 146p the Ell,. with tru5tee5 acttptlng that the café Is a105s leaderfof brill8n8 tasu81 vlsitors intD the commuhity centre. All the income we receive we speDd or plan to spend on supportiTtg resTrdents in our community and mainlaining the community centre and its wmmunity cale. At the time of writln& our finances continue to remain as heahhy as they ever have in our 16 year5 of exIsten. Di5countin8 restricted project funcls afid our 5ignlfl¢ant designated reserves (see belowl, our general fund w85 £29,001. Four years ago it was just fJ,106, proving the benefits of the Comrnunity Lottery Grants and havlng a Manager experienced at securing Eranl funding. Our heartfelt thanks to all our funders and private supporters. Page 5
PAN TOGETHER REPORT OF THETRUSTEES FOR THE YEAR ENDED 31 MARCH 1023 FUTURE PLANS Thanks to the contlnuing Improvements in our finantial p051tlDn 2nd to be prepared for future tommTrtments and risks tru5tee5 have pui aside significant. designated ieseNe funds of £117,OD6. We have planneil well for the futu beyond our Community Lottery GranL which ended in June 2022, by 5ettlng aside designated reserves of- £20,890 to help to cover at least 2-3 years-worth of increasing utilitles and premise5 COSt5 (previously funded by the National Lottery grantl,. - £9,375 as a buildin8s fund reserve as there are alvrdvs works and improvements QuIred to our communlty trntfe. £56,801 to secure thÈ servlces of Dur Mana8er beyond her Current eKtensk)n of June 2024. Thi5 latter extenslon was funded by the N8tioF¥al Lottery for a further 2 years beyond hei origin313-year Lottery funded term. Our reserve wll fund an additional year until lune 2025 and will a150 cover a 518nrficant Intrease In remuneration from April 2023 in cognItion of the role she has performed Dwer the past 4 years. She has rtainlY proved her value to our cornmunity,. and - £29,690 from our orl8lnal Covid support grants, which WE plan to redirect to other identified community SUPPOrt. We also have restricted reserve lunds includlng- £49,187 is our Communlty Support fund. funded by grants and donations- 3 much needed resource as we endure the serious 'cost of l&vinB' crisis. It t5 lar8Èly been used to rnaintan and fund our Community Larder, which we believe 15 sustainable for the ne¥t 2 years at current levels ol funding,. £7.892 is project funding from Soverel8n HA and the IW Council's Adult & Cornmunbty Learning service for our ongoing Pan Employability project- in place and runnin8 very successfully since May 2022; - £2,970 Is remaining yDlJth project funding from the Home offi Violence Redyrtion Unit.. and £6.083 is local Community Council grant funding to restart our Youth Club. STRUCTURE. GOVERNANCE AND MANAGEMENT Governlng document The charity15 controlled by its governing doEurnent, a deEd of tTUSt and CDnstitutes an unincorpofated charitv. REFERENCE AND ADMINISTRATIVE DETAILS Re84stered Charity number 1176740 Prln£lp•l 8ddres$ Downside Community Centre Furrlong5 Newport Isle of Wight P030 2AX Pa8e 6
PAN TOGETHER REPORT OF THE TRUSTEES FOR THE YEAR ENDEL) 31 MARCH 2023 Tnssttes L A Byrre, Chalr G Brodle, Sètretary M M Craven J Balllngton M J Thalcher G l Grant K A Allen (Jppointed 3,11.221 P Martln Ireslgned 5 7.221 Cenlre Manaoer Rachel Thomson Ind*penderrt EMamlnÈr BrTrght Brown Llmlted Chartered Ac¢otsntantS Exthan8e House St. Cross Lane Newport Isle Df Wight P030 58Z Approved by orderol the board of trustees on . . and slgned on Its behalf by-. 6 8rodie- Tru5teE Pa¥e 7
INOEPENDENT ÉXAMINER'S REPORT TO THE TRUSTEES OF PAN TOGETHER Independent examiner's report to the trustees of Pan Together I report to the charlty tnT5tees on my examinatlon ol the accounts of Pan Together Ithe Trust) for the year ended 31 March 2023. ResponbIlItIeS and basls of report As the charity trustees of the Trust you are Te5PDnsible for the preparation of the accounts in accordance wlth the requirements of the Charlties Act 20111'the Act'l. I roport In respect of my examlnation of the frust's account5 carrled Dut und&r Section 145 of the Act and Sn carrying out my examin¥tion I have followed all applicablp Diretl'ions given by the Charity Commission under Section 14Sl5llbl of the Act. Independent examlneI5 5talempnt I have completed my examinatioll. I conlirm that no materièl matters have come to my attention in connection wlth the examlnatlon giving me cause to bÈllÈve that in any material respect.. accountlng records were not kept respett of the Trust as requlred by Sectlon 130 of the Act., or the accounts do not accDrd with those records,. or the accounts do not comply with the applicable requirÈments concerning thp. forrn and content of accounts set out in the Charities (Accounts and Reporr51 Regulations 2008 otherthan any requirement that the accounts give a tfue and fair view which is not a matter considered as part of an independent examination. I have no concern5 at)d have come acros5 no other matters in conneciion with the e¥arrination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be rèached. David StÈvens Bright Brown Liinlled Chartered Accountants Exchange House St. Cross Lane Newport Isle of Wi8ht P030 58Z Date.. Pa8e 8
PAN TOGETHER STATEMENT OF FINANCIAI ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023 2023 ratal funds 2022 TDtal funds Unrestricted funds Restricted funds Notes INCOME AND ENt)OWMENTS FROM Donations and legacies 11.975 93,480 IOSASS 110.310 Other trading actlvltles Investmeni incorne Other Income 21,116 26,333 4,511 21,116 26,333 4.511 17,760 19,924 3.031 Total 63,935 93.480 157,415 151,02S EXPENDITURE ON Raislng funds 15,432 15,432 16.(K17 Charltable artlwtles Support serv5ces 38,692 66,491 105,183 92.969 54,124 66,491 120,615 108,976 NETINCOME Transfers between funds 9,811 17,792 26,989 117,7921 36,800 42,049 li Net movement In fund5 27.603 9,197 36,800 42,049 RECONCILIATION OF FUNDS Total funds brought forward 118,404 63,514 181,918 139,869 TOTAL FUNDS CARRIEO FORWARD 146.007 72.711 218,718 181,918 The notes form part of these financial sratements Page 9
PAN TOGETHER BALANCE SHEEr 31 MARCH 1023 2023 Total funds 2022 Tt)tal funds Unrestricted lunds Restricted funds Not FIXED ASSEYS Tar*8lble a$5et$ 14416 14A16 1.455 CURRENT ASSFTS Debtors Cash at bgnk 2,638 13Q,180 2,638 2D3.354 2,[8 181,820 73.174 132.81a 73,174 205,992 183,858 CREtMTORS Amounts falllng dve withln one year io 11.2271 14631 {1,6901 13A151 CURRENT ASSETS 131,591 72,711 204,302 180,463 TOTALASSET5 LESS CURRENT LIA8IiIYIES 146,CQ7 72,711 218,718 161,918 NET ASSETS 146.1YJ7 72,711 218,718 181,918 FUNDS Unrestrlcted fund5 Restrlcted lunds li 146,007 72,711 118,404 63,514 TOTAL FUNDS 218,718 181,918 Tho flnanclal statements we¥e approved by the Board of Trustees gnd 8hrsed for 155ue on and wRre $18ned on Its beh811 bv.. 5 Brodie- Trust_- M M Craven- Trustee The notes form part of these financial Statements Pa8e 10
PAN TOGETHER NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2013 ACCOUNTING POLICIES Bas15 01 preparlngthefinanclal statements The linancial statements of thÈ tharity, which is a public benefit entity under FR5 102, have been Prepared in accordance with the CharliS SORP IFRS 1021'Accountlng and Reporting by Charities.. Statement of Recommended Practice appliE)blÈ to charities preparinB their account5 In accordance with the Finantlal Reporting stsndard applicable Sn the UK and Republic of Iroland IFRS 1021 (effective l January 20191,, F1nancièl Reporting siandard 102 The Financial Reportlng Standard applScable In the UK and Republic of Ireland. and the Charlties Act 2011. The financial statements have been prepaied under the hlstorical cost convention. Income All income is recognised in the Statement of Financial Activitie5 onr.e thÈ thanty has entStlement to the funds, it is probable that the income will be received and the 3mDiint can be measured reliably. Expendlture Liabilit£5 are recognlsed as eKpendlture as soon as there is a legal or constructlve obliEaiion committingthe charity to that expenditure, it 15 probable that a transfer of economic bEnellt5 wlll be rÈouired in 5ettlpJnent and the amount of the obligatlon tan be measuied rellably. Expenditure is accounted for OTh an accrual5 basis and has been classified under headings that aggrÈ8ate all cost related to the category. Where costs cannot be directly attributed to particular heading5 they have been allocated to activitiÈs on a ba515 COnSlStent with the use of resources. Tangible flmed 85sets Depreuation is provided at thefollowing annuol rates in order to write off each asset over its estimated u5Èful Ilfe. Flxtures and Iltting5 20% on reduclng balance TaxatlDn The charity 15 exempt from tax on It5 charitable actlvitie5. Fund accountlng Unrestricted fvnds can be used in auordbnce with the charitable objectlves at the discretion of the trustee5. Restritted funds can only be used for p3rticular restrlcted purposes within the objects of the charlty. Restrirtion3 arisc when specified by the donor or when fund5 are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the noteslo the fSnanclal statements. Page 11 continued...
PAN TOGETHER NOTESYO THE FINANCIAL 5TATEMENTS- wntinued FOR THE YEAR ENDED 31 MARCH 2021 OTHER TRADING ACTIVITIES 2023 2022 Cale sales Laundry Bingo 20,907 17,367 393 209 21,116 17.760 INVESTMENT INCOME 2023 2022 flent5 IEtelved 26,333 19,924 CTrIARITABLE ACTIVITIES COSTS Direct Costs Support costs Totals Support services IIM),595 4.S88 105.183 TRUSTEES, REMUNERATION AND BENEFITS L Byrne started working for the charity on a self employed basis withln the Pan EmplDydbility project In May 2022, and was remunerated £3,600 in thÈ year. Trustses, expenses There were no trustees, expeTh5ès paid for the year ended 31 March 2023 Dor forthe year endefl 31 March 2022. STAFF COST5 2023 2022 Wage5 and salaries 40,832 33,618 40,832 33,618 The average monthty nurnber of employees durlng the yearwas as follow5.. 2023 2022 Manager Cafe Page 12 continued..
PAN TOGETHER NOTESTO THE FINANCIALSTATEMENTS. c¢>ntlnued FOR THE YEAR ENDED 31 MARCH 20Z3 5fAFF COSTS. Contlnued No employees received emoluments in exce55 01 £60,(XJO. The centre manager 15 c.tsnsldered key managernent persoThnd. The totsl employeè benefit for thiq PDSt was £25,67512022- £24,624). COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES UnrÈstricted funds Restricted funds Total funds INCOME AND fNDOWMENYS FROM Donatlons and legaGie5 22.742 87,568 110.310 OthertrddinK 8Ctivities lThvestment incorne other income 17,760 19,924 3,031 17.760 19.924 3,031 Total 63,457 87,568 151,025 EXPENDITUitE ON Rai51n8 funds 16,OD7 16,007 Charltable actbvltles Support 5ervlce5 43,( 49,965 92,969 Total 59,011 49,96S 108,976 NET INCOME Tran$fers betweenfvnds 4,446 14,3061 37,603 4,306 42.049 Nét movement In funds 140 41,YX)9 42,049 RECONCILIATION OF FUNDS Total funds brou8ht forward 118,264 21.605 139,869 TOTAL FUNDS CARRIED FORWARD 118,404 63.514 181.918 Page 13 continuÈd...
PAN TOGÉTHER NOTES TO THE FINANOALSTATEMENTS- contlnued FOR THÉ YEAR ENDED 31 MARCH 2023 TANGIBLE FIXÉD ASSETS lrnprovpments to property Flxtures and fittings Totals COST Al l April 2022 Additions 8,176 47,736 16,565 55,912 16,565 At 31 March 2023 8,176 64,301 72,477 DEPRECIATION At l Aprll 2022 Charge for year 8,176 46,281 54,457 3,604 At 31 March 2023 ,176 49.885 58,061 NET 80(XVALUE At 31 March 2023 14,416 14,416 At 31 March 2022 1,4S5 1.455 DEBTORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 Trade debtors 2,638 2.068 io. CREDITORS: AMOUNTS FALLING DUE WITHIN ONÉ YEAR 2023 2022 Trade creditOF5 Other credltors 2,525 900 942 1,690 3,425 PaBe 14 continued...
PAN TOGÉTHER NOTESTO THE FINANCIAL STATEMENTS. contlnued FOR THE YEAR ENDED 31 MARCH 2025 ii. MOVEME IN FUNDS Net rIVement n funds Transfers between funds At 31.3.23 At 1.4.22 UnfÈStrlcted funds General fbnd Covid support Wage5 pmIseS fund Buildingfund Pan Me3dows Residents 12.696 29,690 50,027 14,890 10.851 250 9,811 6,494 29,001 29,690 56.801 20,890 9,375 250 6.774 6,000 11,4761 118,404 9,811 17,792 146,007 Restricted fund$ Art Lotterv VRU Youth club fund Gamett FOndatIOn ACL Family Kitchen Wares IW Foundation Community Fridge VRU2 Good EychanBe- Cooklng up Life skills Good Exchange- Pan Employabilltv Community support fund ttery 2- Managers Wages A5da- Spaces and Places 40 10,220 1.761 6,083 2,067 1.182 500 15.561 1.033 4,085 4,959 16,023 1401 12,7741 11,7611 16,1611 1.285 6.083 785 15911 16911 11,1811 Isooi 17,7371 17,8241 1,937 13,6341 1,301 32.452 4,510 s,000 2,970 14511 1,632 712 7,892 49.187 4.509 15,0001 63,S14 26,989 117.7921 72,711 TOTAL FUNDS 181,918 36,8(1 218,718 Pa8e 15 continued...
PAN TOGETHER NOTES TO THE FINANCIAL 5TATEMENTS- ¢ontlnued FOR THE YEAR ENDED 31 MARCH 2023 ii. MOVEMENT IN FUNDS- tontknued Net movemertt bn fnds, Included n the above are as follows.. Incoming resource5 RÈsourcès expended Movement in funds Unrestrlcted fund5 General fund 63,935 154.1241 9,811 Re5trlcted fund5 Lottery GarDett Foundatlon ACL IW Foundation Communiiy Fri(Jge VRU2 Good Ex¢hange- CoDklng up Llfe Ski115 Good Excha&)ge- Pan Employabilitv Community SUPPOTt fund Lottery 2- Managèrs WaBQS Asda- Spa$ and PlacES Early Help 6,1611 15911 16.1611 15931 18,3241 19.1391 13,6341 15,1991 111,0461 121.7741 17.8241 1,937 13,6341 1.301 32,452 4,510 s,000 11,076 6,500 43,498 26,284 5,000 623 16231 93,480 166.4911 26,989 TOTAL FUNDS 157,415 1120,61SI 36.800 Page 16 continued,.
PAN TOGETHER NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDÉD 31 MARCH 2023 ii. MOVEMENT IN FUNDS. contlnued CDmparntN•s for movement In lunds Net movement In funds Transfers betweÈn fndS At 31.3.22 At 1.4.21 Unre$trlcted funds General lund COvd support Wages Premises fund Buildinglund Pan Meadows Residents 15,794 30,( 45,027 14,890 12,553 6,148 19,2461 13101 12,696 29,690 50,027 14,890 10,851 250 11.7021 250 118.264 4.446 14,3061 118,404 Restrlded funds Art Lottery Sovereign 40 6.167 1,737 3,216 6,083 3,180 1.182 12541 11,7371 11.4551 4,306 10,219 vftu Youth club fund Garnett Foundatlon ACL Famlly Kitchen Wares IW Foundatlon ComrnunSty Frld£e VRU2 Good Exchange- CDDking up Llfe Skllls Good Exthange- Pèn Employabilitv Communitv SUPPOrt fund 1,761 6,083 2.067 1,182 500 15,561 1,033 4,085 4,959 16.024 11,1131 15,561 1,033 4,085 4,959 16.024 21,60S 37,603 4,306 63,514 TOTAL FUNDS 139,869 42,049 181,918 Page 17 contlnued...
PAN TOGETHER NOTES TO THE FINANCIALSTATEMENTS- contlnued FOR THE YEAR ENDED 31 PMRCH 2023 ii. PIOVEMENT IN FUNDS- contlnued Comparative net movement In funds, Included in the above are as follow5.' Incoming resDurces Re50urce5 expended Movement ITr fund5 Unrestr5cted fvnds General fund Bulldlng fund 63,457 157,3091 11,7021 6,148 11,7021 63,457 159.0111 Restrltted fvnth Lottery SOvere8n 37,683 137,9371 11.7371 11,4551 11.1251 12541 1,7371 11,4551 11,1131 500 15,561 1,033 4,085 4.959 16,024 VRU Garnett Foundatlon Family Kltchen Wares IW Foundation CoFNmunity Fridge VRU2 Good Exchafige- Cooking up Ufe Ski115 Good ExchJnge- Pan Employability Community support fund 12 500 15,561 5.173 14,1401 11.2701 4,959 18,325 12,3011 87.568 149,9651 37,603 TOTAL FUNDS 151,025 1108,9761 42.049 Page 18 continued...
PAN TOGETHER NOTESTO THE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED 31 MARCH 2023 IL MOVEMENT IN FUNDS- continued A current year 12 months and prior year 12 months combined positloTr is a5 follows.. Net movement n fvnds Transfers between funds At 31.3.23 At 1.4.21 Unrestricted funds GenÈral fund Covid 5UPPOrt Wage5 Premises fund Building fund Pan Meadows Residents 15,794 30,000 45,027 14,890 12,553 15,959 12,7521 13101 11,714 6.0 11,4761 250 29,CK)I 29,690 56,801 20,890 9.375 250 11,7021 118,264 14,257 13,486 146,¢X)7 Re$trlrted funds Art Lotterv Sovereign 40 6,167 1,737 3,216 6,083 3.180 1.182 1401 1,532 16,4151 11,7371 11,45SI 1,284 VRU Youth club fn GarTrett Foundation ACL Family Kitchen Wares IW FDundatioTh Comrnunlty Fridge VRU2 Good Ex¢har4¥e- Cooking up Lrfe Skllls Good Exchange- Pèn Employability commnitY support fund Lottery 2- Manager5 WagÈs A5da- Spaces and PLices 11.7611 6.083 785 11,7041 16911 11.1811 15001 17,7371 500 7.737 2,970 451 6,260 48,476 4,510 2,970 14511 1,632 712 7,892 49,188 4,5(9 15,0001 21,605 64.592 113,4861 72,711 TOTAL FUNDS 139,869 78.849 218,718 Page 19 cofitinued...
PAN TOGEfHER NOTES TO THE FINANCIALSTATEMENTS- contInd FOR THE YEAR ENDED 31 MARCH 2023 ii. MOVÉMENT IN FUNDS- contlnued A currentyear 12 months and wlor year 12 month5 combined net movement in funds, included In the above are 35 follows.. Incomlng resourS Resources expended Movement in fund5 ilnTestrlcted fund5 General fund 8vildlng fund 127,392 1111,4331 11.7021 15,959 11,7021 127,392 1113,13SI 14,257 Restrfrted tsnd5 Lottery Sove18n 37,683 144,0981 11,7371 11,4551 IL7161 16,4151 11,7371 11,4551 11,7041 VRU Gamett Foundation ACL Family Kitchen Wares IW lound3tlon Community Fridge V8U2 Good Exchange- Cooking up Life Skills Good ExchanEe- Pan Employabllfrty Community support fund Lottery 2- Managers Wages Asda Spaces and Plac2s Early Help 12 soo 16,061 16,249 5,355 11,4S9 61,823 26,284 5.000 623 500 7.737 2,970 451 6.260 48.476 4,510 5.(K)D 18,3241 113,2791 14,9041 15,1991 113,3471 121,7741 16231 181,048 1116,4561 64,S92 TOTAL FUNDS 308,440 1229,5911 78,849 12. RELATED PARTY DISCL05URES There were no related party transactions for the year ended 31 March 2023. Page 20
PAN TOGETHER DETAILED STATEMENT OF FINANCIALACTIVITIES FOR THE YEAR ENDED 31 P41ARCH 2023 2023 2022 INCOME AND ENDOWMENT5 Donatlons and legaches Donations and grants 105,455 110,310 Other tradlnB actlvliles Cafe sale5 Laundry Bingo 20,907 17,367 393 209 21,116 17,760 Investment Income Rents received 26,333 19,924 Other COrne Sundry intome Events 734 3,777 1,623 1,408 4,Sll 3.031 Total Incomln¥ rÈsources 157,415 151,025 EXPENDiniRE Othertradlng actTrvltles Purchases Cafe incldentals 14,768 15.181 826 15,432 16,007 Charitable adlvhles Wages Telephone Postage and st3tioneFy Sundrles Bookkeepin8 Cleaning Premise expenses Carried fOard 40,832 255 148 792 3,242 3,688 3,096 52,053 33,618 304 92 1,02S 4,284 405 8,970 48,698 This page does not lorm part of the stalutoryf5nantlal 5tatement5 Page 21
PAN TOGEtHER OETAILED STATEMENT OF FINANCIALACTMTIES FOR THE YEAR ENDED 31 P41ARCH 2023 2023 2022 Charitable a¢th¥ltle5 Brought forward Events Website costs DDnatlons Insurance 8arsk charges 52,053 664 48.698 479 450 6,067 717 94 1109 438 31,753 300 538 232 4,516 621 33,541 8,130 Subscriptions other charitable costs Grant returned to funder 100,595 90,805 Support Costs Flnance Fixtures and fitting5 3,604 364 Governance costs Accountancy Accountan underprovlsion 900 900 984 1,800 Total resources èxpended 120,615 108,976 Net Income 36,800 42,049 This page does not ftsrm part ol the statutoryfinancial statement5 Page 22