REGISTERED CHARrrY NUMBER: 1176740 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 FOR PAN TOGETHER Bright Brown Limited Charlered Accountants Exchange House St. Cross Lane Newport Isle of Wight P030 5BZ
PAN TOGETHER CONTENTS OF THE FINANCIAL STATEMENTS FOR THEYEAR ENDEO 31 MARCH 2025 P3ge Report of the Trustees Independent Emaminer's Report statement of Flnanclal A¢tlvltles Balanre Sheet Notes to the Flnanclal Statements 9 to 20 Detslled Statement of Financial Aciivities 21 10 22
PAN TOGETHER REPORT OF THE TRUSfEES FOR THE YEAR ENDE031 MARCH 2025 The trustees present their ieport with the financial statements of the charity for the year ended 31 March 2025. The Irustees have adopted the provisions of Accounting an(J ReportiriE by Charities: Statement of Recommended Practicp. applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Irelarbd IFRS 1021 (effective l January 20191. OBJEcfivES AND ACTIVITIES Objectlves and aims To further or benefit the residents of East Newport, Isle of Wight by associating together the said re5ident5 and the local authorities, voluntary and other orgdriisattons in a common effort to ddvdnce education aiid to provide facilities in the interest5 of social welfare foi recreation and leisure time occupatlon with the oblective of improving the conditions of life for the rÉsidents. Public benefit The Trustees have complied with their duty under section 411) of the Charities Act 2011 with regard to Charily Commission guidance on public benefit when ieviewing their objective5, aim5, and future planning. ACHIEVEMENT AND PERFORMANCE Charbtable actlvlties Pan Together exists to support and provide a community hub for the residents of East Newport, which includos the Isle of Wight'5 most dlsadvantaged area, ranked at 5.8% In England's most deprived. In other word5, 94% of places across the countTy are more affluent than Pan. Many people in our community face multiple challenge5 and are amongst society's most vulnerable and marginallsed. Our mis51on Ss to Improve the conflltions of Ilfe for local sIdentS. Our purpose-built centre comprises.. a communlty café providing wholesome, affordable food whilst also acting as a social hub,. an IT lÈarninB suite (with free Wi-fi and six computersl.. - two community rooms,. a large. training kitchen,. and an outside produce£rowing area. We provide.. vital 5ignpostlng and trlage support for people needing assistance and advice,. help to averl Social i501ation,' free courses in Maths, English and Ir. volunteering and work experience opportunities,. social activities such as bingo,. and cookery sessions for vulner3ble childreni younE people and families. Our board of trustees regularty reviews the communlty's needs and we respond well to changing c(rcurnstancp.s. We've an increasingly pivot31 rolè at the heart of the local community. We offer both direct practical support in terms of advice and signposting, food the chance to le3in n2w skills, and More indirect supporl with respect to belng a warm, friendly and nurturing centre for people strLIEgllng with the challenges of their lives such as povelty, isolation, lonÈllness and low levels of self-esteem and self.confidence. Having identlfied the growing need in Autumn 2021, our community support and anti-poverty services are 15adlyl increasingly essential. N&one should have to choose between food, fuel and childron's clothe5. We can't chafjge the world bul we do makp 3 direct difference to people's lives. Page I
PAN TOGETHER REPORT OFTHETRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 Our Pan Employability Project provides free weekly drop-in s510n$ for people wanting to brush up their skills and/or get help with their CV and/or are thinking about returning to work after a break. Attendees are helped with job searches, CV creations and updates. computer use, completing job applications, job interview preparation, referrals to job fairs and broadei support and information. There are iegular vi5115 from relevant exterllal agencies. Seven people have been help2d to secur@ employment in this financial year. Our Pan CommuF)Ity Larder is open twice a week For IDcal residents. Members pay £5 per weekly vlsit for two carrier bags of fresh, frozen, refrigerated, tinned and drled food and other household essentials, whlch they choose for thewselves. If they choose wisely, they'll receive £20 to £30 of goods each vi51t and one need5 a referral. In the 15 months to the end of March 2025, we Saw an astonishing 246% increase in visits to the larder, supporting 493 households and 878 residents. 8,820 mouths have been fed. Our money management and form-fillin8 service began In mld-july 2023, Supporting Island residents to claim their benefst entitlements, develop their budgeting skills, source replacemÈrbts for broken household Eoods and in making Ils to creditor5. In the period to 315t Maich 2025, this now increa5ingly-in-demand Service h35 supported Jrgo household5 and 1,122 re.sidpntf. krom Lst Novpmbpr 2n24 to the e.nd of March 2025, wg Eaw an incrp.ase of 176% in Ihe number of people as5ISted. This year, the trustee5 commissioned an external Organisational Strength Review. following the one undertaken in 2019. In the light of tru5tees' dlscusslons of it5 recommendatiorTr5, thi5 year has also seen the charlty embark on a numb@r of new initl8tives - all of whlch have Pfoved to be both valuable and successful. We are running a subsidised rnonthly over-505' Lunch Club in our colnmunity café where people pay £3 for a choice of main covr5e and pudding plus a hot drink. A knittinE and crocheting club has been established. Since October 2024, we h3ve 3 Eroup of older gentlemen aka the 'Pan Old Boys, Club, who spend foul hours a dayi four days a week in their newly-purchased cabin helping out with useful jobs throughout the cummunily centre and in our outside space. With thanks to an external organisation, we run one-to-one counselllnÈ sesslons and, addltionallyj have also been fortunate to have provitled work eXperIen for a busines5 manBgement rrainee. It'5 a damning indlttrnent on socièty that people havp. to face despèratÈ crises on a daily basis- but we'll continue to do what we can to make a difference towards our mission of improving the conditions of life for local residents, future5. Our achievements and capacity to deliver have once again been recognised. We were awarded Highly Commended Charily of the Year at the 151e of WIEht Radio Best 8u5ine55 Award5 and were finallsts, too, In Vectls Radlo's Community Awards for the thlrd year runnlng. Further reco%nition of the value of our work come5 In the form of financial contributlOn5. Thi5 year and In fvrthèrancè of our charitable objects. significant funding has been secured from a wide range of 50urces.' - the ASDA Foundation- Fidelily Intornational, an insurance company. the Hampshire & Isle of Wight Community Foundation,. - HMRC'5 Gift Aid Scheme,. the Isle of Wight Council's Community Capacity & Re.silip.nr.p. Fund,. the Isle of Wight Councll's / DWP Household Support Fund,. the151e of Wight's Living Well & Early Help Service- the151È of Wight Rotary aub- the National Lotteiy Community Fund., Neighbourly's'spfing Fund,, in partnershlp wlth Aldl,. Newport & Cari5brooke Communily CounEII- the Priory School, Whippinsham. prSvate individuals.. - the Quaker's Legacy Group,. Page 2
PAN ToGHER REPORT OF THE TRUSTEES FOR THEYEAR ENDED 31 MARCH 2025 - Southern Co-op's 'membÈr swipe, tampaign., Sovereign Hou5in£ Association Inow SNGI,. and I'esco Stronger Starts blue-token in-store votinE scheme. We've now been operating for neddy 18 year5. The org3ni5ation'5 missiDn is as strong and much-needed as ever. A5 long as funding rem31ns fDrthcomin& we'll be sustainable well into the future so that we can continue to make change reality. 7he tru5tees' vislon is to further develop the increasingly vibrant centre's role at the heart of the community to new lovel5, focusing on its continuing development as a communlty hub to support Nore and different local resident5. Once again, the past year ha5 been a re31 joumey for Pan Together's volunteers and staff. We continue to mature as a Charity working for thè interests of local people. and atting a5 advor.ates on their behalf. Without the help of our Stalwart volufitoors plus very generou5 donations and sucSsful grant applications, we simply couldn't have achipved what we have- and we really do appreciate everyone's support tremendou51v. The trustee5 have been very proud to have Shaped all of Pan Together's work this year and thank everyone who has made such excellent contributions so that the charlty cèn continue to make a real and tanglble difference to our comrrunity. For further details of the charity's work. please visit www.pantogether.org.uk FINANCIAL REVIEW Flnanci31 po5itlon A5 ieferred to in the above charitable artivities section, our main focus this yea¥ has continued to be on the Pan Community Larder, the Money M3na8ement & Form-filling Servicp and the Ernployability Project. The first has now been running for nearly 30 months, the Second for 20 months and the third for a number of years. The Lardèr has SU5t3in3ble model that £hnuld allow it to run for at least a further 3 years. Sadly our hope last year that 5ervice5 like this would no longer be needed with a change of government at Westminster has proved to be unfulfilled to datè. rhè money manaEemènt servlce was Inltlally fundèd by a transferrF.d lotte.ry grant from the now c105ed IW Law Centre who used to provide the Service - and we have secured further grant funding antj have used some of our Eeneral reserves. The %eTvice is providp.d by two part time member5 of stafl working a total of 35 hours per week, 5 day5 per week. It is provided to all Island residents after trustees agreed to extend our service area just for this service. WÈ also secured further funding for our Pan Employablllty proleel, whleh Is run by one part-tiwe member of staff and 15 seen a5 <1 model exarnple by the IW Cuundl. We have maintained our room rental income during the year- a key part of our usual income 5tream- above and well beyond the levels prelovid. Café monihly income was restored to pre-covid levels last year. combined with more rigorous trustee control of supplie5 expendit*Jre. Taking into account supplies and wages, café losses would have remained at pre-covid levels.. Wlth trustees accepting that the café is a loss leader for bringlng casual vlsltors into thF. community centre. However, 10sse5 were much higher due to the café beiFig closed for more than 4 month5 due to a serious electrical failure and thè nÈèd to rètain our valuèd pèrt-timÈ staff who givè us many voluntary hours. All the income we receive we Spend or have plans to spend on 5UPPOrting residents in our community and maintaining thè community centre, 01 services and our community cafe. Page 3
PAN TOGEfHER REPOAT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 At the time of writlng, our finances continue to remain as healthy as ihey ever have ir) our 18 years of existence, proviii8 tlie benefrts of fodtional Lotlery Conimunity Lottery grdnts dnd having a m(Ina¥er experIend at securin£ grant funding. That manager decided to leave us in Apr(12025 to set up her own business, but she has been retained on a consultancy basi5 for fundraising. We have appointed a new manager wlth a fo¢us on manaBlng the centre. Our sincere thanks to all our funders and private SUPPOTters. FUTURE PLANS Thanks to thÈ contlnulng Improvements In our finènclal positlon and to be prep3red for future commitments and risks trustees have put aside variou5 designated funds from the general reserves to Sustain our operhtion into the future, a5 described at page 18 of these account5. We (1150 have Vdriuus uther restriLled reserve funds ds describEd at page 19 01 these accounts.1n addition to our future plannlng, from January 2025 we were awarded our thlrd Community Lottery grant to help us continue to fund our exi5tin8 servicE5, Bs well as administrative and office 5UPPDrt, until December 2029. STRLJcfuRE. GOVERNANCE AND MANAGEmErr Governing document The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity. REFERENCE ANO ADMINISTRATIVE DETAILS Registered Charity numbèr 1176740 Prlnclpal address ODwnside Community Centre Furrlongs Newpoit Isle of Wight P030 2AX Trustees M Crav2n, Chair G Brodie, Secretary 16allin8ton M Thatcher G Grant R Quiglev A Woodfor(J S Richards lappolnted 14.01.20251 Centre Manager Iour previou5 Manager, Rachel Thomson left us on 30 April 2025 afièr almost 5Ix, very Successful and productive vearsl. Page 4
PAN TOGrrHER REPORT OF THETRusfEES FOR THE YEAR ENDED YI MARCH 202S REFERENCE AND ADMINISTRATIVE DEfAIIS Independent Exarniner Bright Brown Llmlted chartered A¢countants Exchange PIo¥use st. Cros5 Lane Newport Isle of Wight P030 5BZ Approved by order of the board of trustees on .-......... IE-.ft.,. . and sl8ned on Its behaw by.. G Brodie- Trustee Page 5
INDEPENDENT EXAMINER'S REPORTTO THETRUSTEES OF PAN TOGETHER Independent examiner's report to the trustee5 of Pan Together I report to the charity iru5tees on my examlnatlon of the accounts of Pan Together Ithe Trustl for the year ended 31 March 2025. Responsibilities and basls of report As the charity trustees of the Trust you are responsible for the preparation of ihe accounts in accordance with the requirements of the Charities Act 20111'thè Act'l. I ieport in respect of my examination of the Trust'5 accounts carrled out under Section 145 of the Act and in carryirbg out my examTrnation I have followed all applicable DirectioTrns given by the Charity Cornmi55ion under Section 14515llbl of the Act. Independent examlner's statement I have completed my examination. I confirm that no material matters have come to my attention in connection with the examinatiofi givlnÈ me cause to believe that in any matp.rial re5pe¢t'. accounting records were not kept In respect of the Trust as required by Section 130 of the Act: o the accounts do nnt accord with thosè rècords., or the accounts do not cornply with the applicable requirements concerning the form and Content of accounts set out in the Charities (Accounts and Reports) RÈ8ulatlDns 2008 other than any requirement that the accounts givè a true and fair view which is not a matter considered a5 part of an Independent examination. I have no concerns and have eome across no other matter5 in connection with the examination to which attention should be drawn in this report in order to endble a proper understandinR of thp a£countS to be reached. David Steven5 The Institute of Chartered Accountsnt5 in England and Wales Bright 8rown Limited Chartered Accountants Exchange House Sl. Cros5 Lane Newport Isle of Wight P030 58Z Date-. Page 6
PAN TOGETHER STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 2024 Total fund5 Unre5trlcte(J funds Restricted funds Total funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 8.801 134,258 143,059 163,772 Other trading activities Investment Income Other income 10,477 19,449 6,677 10.477 19.449 6,677 21,086 17,256 170 Total 45.404 134,258 179,662 202,284 EXPENDITURE ON Raising fund5 7,603 7,603 14.461 Charitable actlvitles Support service5 88,917 77,767 166,684 156,373 Total 96,520 77,767 174.287 170,834 NET INCOMVIEXPENDITUREI Transfers between funds 151,1161 18,260 56,491 118,2601 5,375 31,450 li Net movement In funds 132,8561 38,231 5.375 31,450 RECONCILIATION OF FUNDS Total funds brought forward 160,123 90,045 250,168 218,718 TOTAL FUNDS CARRIED FORWARD 127,267 128,276 255,543 250,168 The notes form part of these financial statements Page 7
BALANCE SHEET 31 MARCH 2025 2025 Total funds 2024 Total funds Unrestrlcted funds Re5trlcted funds Notes FIXEO ASSETS Tjngible assets 28,096 28,096 16.583 CURRENT ASSET5 Debtors Cash ai bank 1,108 101,522 1,108 229,798 2.823 233,885 128,276 102,630 128,276 230,906 236.708 CREDITORS Amounts fallln8 due wlthln oneyear io 13,4591 13,4591 13,1231 NET CURRENT ASSETS 99,171 128,276 227,447 233,585 TOTAL A55Ef5 LESS CURRENT IIAHILITIES 127,267 128,276 255,543 250,168 NET A55Efs 127,267 128,276 255,543 250,168 FUNDS Unre5tri£ted funds Restricted funds li 127,267 128,276 160.123 90,r145 TOTAL FUNDS 255,543 250,168 n¢ial statemen were approved by the Board of Trustees and authorf5ed for is$ue on and we¢e si8ned on Its behalf by.. G Brodie- Trusteè M M Craven-T¥ustee The notps form parl of these flnandal 5tatement5
PAN TOGETHER NOTE5 TOTHE FINANCIALSTATEMEWS FOR THEYEAR ENDED31 MARCH 2025 ACCOUNTING POLICIES Ba5l5 of preparlng the flnancial statements The flnancial statements of the charity, which Is a publlc benefit enlity under FRS 102, have been prepared in accordance with the Charitie5 SORP IFRS 10?) 'Accounting and ftepoTting by Charities.. Statement of Recommended Pfactite 8ppllc3blè to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireldnd IFRS 1021 leflective l January 20191,, Financial Reportlng Standard 102 'The Financial Reporting Standard appllcable In the UK and Republic of Ireland, and the Charitie5 Act 2011. The financial statements have been prepared under the historical cost convention. Income All incornp 15 recognised ITh ihe Statement of Financial Activities once the charily has entitlement to the funds, it is probable that the income will bc recoived and the amount can be measured reliablv. Expènditure Liabilitie5 are recognised a5 expenditure as soon as there is a legal or constructive tsbligation committing the charity to that expenditure, it is probable that a transfer of economic benefit5 will be required in settlement and the amount of the obligation can be measured reliably. Fxpenditure 15 accountpd for on an accruals basls and has been classified under hÈading5 that èÉgreEate all cost related to the category. Where costs cannot be directly attributed to particular headings they have becn allocatpd tD activltles on a basis consistent with the use of resource5. Tangible fixed a$5èts Depreciation is provided at the following annual rates in order to write off each asset over it5 e5tlrnated useful Fixtures and fittings 20% oh redudng balance Taxatlon The charity is exempt from tax on its charitable activ(ties. Fund accountlng Unrestricted funds can be used In accordance with the charitable objectives at the disc¥etion of the trustees. Restriited funds can only be used for particular restricted purposes within the objects of the charitv. Restrictions arise when specified by the donor or when funds are Taised for paiticular restricted purposes. Further explanation of the nature and purpose of eaLh fund is included in the notes to the financ(al ststements. Page 9 continued...
PAN TOGETHER NOTES TO THE FINANCIAL STATEMENTS- continued FOR THEYEAR ENDED 31 MARCH 2025 OTHER TRADING ACTIVITIES 2025 2024 Cale sales Blngo 10,372 ios 20,896 190 10.477 21,086 INVE5TMENTINCOME 2025 2024 Rents rp.cpived 19,449 17,256 CHARITABLE AcfiviTIES Co5 Direct Costs Support costs Totals Support 5ervice5 156,900 9.784 166,684 TRUSTEES, REMUNERATION AND BENEFITS Tru5tees' expenses There were no trustees, expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024. STAFF COSTS 2025 2024 Wages and 5313ries 75,478 74,013 75,478 74,013 TFie aveiage monthly number of employees during the year wès as follows.. 2025 2024 Manager Cafe Admin support Debt relief No employee5 Teceived emoluments in excess of £60,(]00. Tre centre manager Is con51dered key management per50nn@l. The total employèe benefit for this p05t was £30,668,12024- £31,7421. Page 10 continued...
PAN TOGgfHER NOTES TO THE FINANCIAL STATEMENTS- colrtinued FOR THE YEAR ENDED 31 MARCH 2025 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted funds Restricted funds Total funds INCOMEAND ENDOWMENTS FROM DonatSons and lega£ies 37,832 125.940 163,772 Other trading acLivlties nvestment intome other income 21,0116 17,256 170 21,086 17,256 170 Total 76.344 125,940 202,284 EXPENDITURE ON Raising funds 14,461 14,461 Charltable activitles Support Services 74,011 82,362 156,373 Total 88,472 82,362 170,834 NET INCOMEIIEXPENDITUREI Transfers between fursds 112,1281 26,243 43.578 126,2431 31,450 Net movement In funds 14,115 17,335 31,450 RECONCIUATION OF FUNDS Total funds brought forward 146,1X)7 72,711 218,718 TOTAL FUNDS CARRIED FORWARD 160,122 90,046 250,168 Page 11 continued...
PAN TOGETHER NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR THEYEAR ENDED 31 MARCH 2025 TANGIBLE FIXED ASSErs Improvements Fixtures and fittings property Totals COST At l Aprll 2024 Additions 8,176 70,614 18,536 78,790 18,536 At 31 March 2025 8,176 89,150 DEPRECIATION At l April 2024 Charge. for yèar 8,176 54,031 7,023 62,207 7,023 At 31 March 2025 8,176 61,054 69,230 NET BOOK VALUE At 31 March 2025 28,096 28.096 At 31 March 2024 16,583 16,S83 DEBTORS.. AMOUNTS FALLING DUEwrrHIN ONE YEAR 2025 2024 Trade debtors Other debtors 1,108 2,053 770 1.108 2,823 io. CREDITORS,. AMOUNTS FALLING DUE WITHIN ONE YEAR 202S 2024 Trdde creditors other creditors 1,179 2,280 1,323 1,800 3,459 3.123 Page 12 continued...
PAN TOGETHER NOTES TO THE FINANCIAL 5TATEMENTS- continued FOR THE YEAR ENDED 31 MARCH ZOZ5 ii. MOVEMENT IN FUNDS Net movement funds Transfers betwep.n funds At 1.4.24 31.3.25 Unrestricted funds General fund Wages Premlses fund BuildlnE fund Pan Meadows Re51dents Admin support fijnd Sovereign lunch club Barton Primary SchoDI 35.894 72,133 16,822 11,541 250 23.483 115,5821 124,7271 6,350 8,205 13581 12,2671 26,662 55,611 16.464 9,274 250 15,029 1.340 2.637 111,7971 1,340 13501 3,343 2,987 160,123 151.1161 18,260 127,267 Restricted funds Sovereign Good Exchange- Pan Employability Community support lund Lottery 2- Managers WaE Debt relief ILC SovereiEn CoDklng 24- Move on & Thrive Organisation strength lunding LDttery 3 2,607 5,664 56,980 3,690 16,198 80 4,820 11,1201 1,334 21,927 13,6901 11,4871 11,5991 115,1741 5,399 63,733 25,303 1801 14.8201 33,841 33,841 90,045 56,491 118,2601 128,276 TOTAL FUNDS 250,168 5,375 255,543 Page 13 continued...
PAN TOGETHER NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED 31 MARCH 2025 ii. MOVEMENT IN FUNDS- contlnued Net movement in fvnds, includg.d in the above are a5 follows.. Incoming resources Resources expendèd Movement in funds Unrestrlcted fund5 Gencral fund Wage5 Admin support fund Sovereign lunch club Barton Primary School 43,723 159,3051 124,7281 111,7971 13401 13501 115, 124,7271 111,7971 1,340 13501 1,680 45,404 196.5201 151,1161 Restritted fund5 Sovereign Good Exchange- Pan Employatjllity Comrnunity support fund Lottery 2- Managers Wages Debt relief ILC Sovereign Cooking 24- Move or) & Thrive Organisation strength funding Lottery 3 13501 4,999 49,892 17701 13,66 127,9651 13,6901 17.3.9431 11.3601 14,8201 161 111,5481 11,1201 1.334 21.927 13,6901 9,105 1801 14,8201 33,048 1,280 45,389 33.841 134,258 177,7671 56.491 TOTAL FUNDS 179,662 1174,2871 5,375 Pa8e 14 continued...
PAN TOGETHER NOTES TO THE FINANCIAL STATEMEwfs- continued FOR THE YEAR ENDED 31 MARCH 2025 ii. MOVEMENT IN FUNDS- continuèd Comparatives for movement In funds Net movement in funds Transfers between fund5 At 31.3.24 At 1.4.23 Unrestricted funds General fund Covld support Wages Premises fund Building fund Pan Meadows Rosidents Admln support fund 29,001 29,690 56,801 20,890 9,375 250 112,1271 19.020 129,6901 15,332 14,0681 2,166 35,894 72,132 16,822 11,Jf41 250 23,483 23,483 146,007 112.1271 26,243 160,123 Restricted funds Loltery Sovereign Yotsth club lund G8Tnett Foundation VRU2 Good Exchange- Pan Employability Community support fund Lottery 2- Managers Wages Early Help Debt relief ILC Sovereign Cooking 24- Move on & Thrive Organi5ation strenglh funding 1,285 11,2851 1,094 2,607 6,083 785 2,970 7,892 49,187 4,509 16,0831 17851 12,1841 11.5991 123,4921 17861 16291 31.285 18191 640 14,198 80 4,820 16421 5,664 56,980 3,69D 16401 2,000 16,198 80 4,820 648 72,711 43.577 126,2431 90.045 TOTAL FUNDS 218,718 31,450 250,168 Page 15 continued...
PAN TOGETHER NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED 31 IVbARCH 2025 ii. MOVEMENT IN FUNDS- contlnued Comparative net movemerit funds, Includpd in the above are a5 follows.. Incoming resources Resources expended Movement In funds Unrestricted funds Gene.ral fund 76,344 188,4711 112,1271 Re5trlcted funds Sovereign Youth club fund VRU2 Good ExchanEe- Pan frnployability Community support fund Lottery 2- Manager5 Wages Early Help Debt relief 151e of Wight Council ILC Sovereign Cooking 24- Move on & Thrive Organisation strength funding 3,CK)I 11,4881 16,0831 17861 15,6291 124,3741 127,8911 11,5571 111,3021 18911 11.7201 1,513 16,0831 17861 16291 31,285 18191 640 14,198 5,000 55,659 27,072 2,197 891 1,800 4,820 80 4,820 16421 16421 125,940 182,3631 43,577 TOTAL FUNDS 202,284 1170,8341 31,450 Page 16 continued...
PAN TOGtrHER NOTES TO THE FINANCIALSTATEMENTS- continued FOR THE YEAR ENDED 31 MARCH Z025 ii. MOVEMENT IN FUNDS- continued A current year 12 months and prior year 12 months combined position Is a5 follows, Net movement in funds Transfers bgtween funds At At 1.4.23 Unrestrlcted funds General fund Covid sUPPOrt Wage5 Premi5e5 fvFTrd Building fund Pan Meadows Residents Adtmin support fund Sovereign lunch club Barton Prlmdry School 29,001 29.690 56.801 20,890 9,375 250 127,7091 25.370 129,6901 23,537 14,4261 iioii 26,662 124,7271 55,611 16.464 9,274 250 15,029 1,340 2,637 111,7971 1,340 13501 26,826 2,987 146,007 {63,2431 44,503 127,267 Restricted funds Lottery Sovereign Youth club lund GarnÈtt Foundation VRU2 Good Exchange- Pan Employability Community support fund Lottery 2- Managers WaEes Early Help Debt relief Orgallisation strength funding LotteFY 3 1,285 11.2851 1393 393 16,0831 6,083 785 2,970 7,892 49,187 4,509 17851 12,1841 13,1981 138,6661 17861 705 53,212 14,509 640 23,303 16481 33,841 5,399 63,733 16401 2,000 648 25,303 33,841 72,711 100,068 144.5031 128,276 TOTAL FUNDS 218,718 36.825 255,543 PaÉe 17 continued...
PAN TOGEfHER NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2025 ii. MOVEMENT IN FUND5- continued A current year l?. months and pritsr year 12 months combined net movement in funds, included In the above arè as follows.. Incoming resources Resources expended Movemenl in funds UnTestricled funds General fund Wages Admin support fund Sovereign lunch club Barton Primary School 120,067 1147,7761 124,7281 111,7971 13401 13501 127,7091 124,7271 111,7971 1,340 13501 1.680 121,748 1184,9911 163,2431 Restricted funds Sovereign Youth club fund VRU2 Good ExchdnBe- Pan r..mployability Comrnunity support fund Lottery 2- Managers Wa8es Early Help Debt relief Isle of Wlght Council ILC Sovèrèlgn Cooking 24- Move on & 7hrivÈ Organisalion strength funding Lottery 3 2,651 12,2581 16,0831 17861 19,2941 152,3391 131,5811 11,5571 393 16,0831 17861 705 53,212 14,5091 640 23,3a3 9.999 105,5SI 27,072 2,197 58,548 891 3.080 4,820 18911 13,0801 14,8201 16481 111.5481 16481 33,841 45,389 260,198 1160,1301 100,068 TOTAL FUNDS 381,946 1345,1211 36,82S Unrestrlcted funds: General fund. This is our 'free' reserve fund to be used to cover unforeseen operational costs should these arise. Wages. Thi5 fund ha.s been designatèd by the trustees to securè the Community Centre MaTh8ger post to the end of M8¥ch 2026. This post wa5 funded by the National Lottery Community Fund until the end of May 2024. Premises fund. This fund has been designated by the trustees to cover two to ihree years, worth of iricrea5ing utilitie5 and premise5-related c05t5. BuildlnÉ fund. This funé h35 been designatgd by the trustees as a bullding maintenance reserve as we have a full repiiring lease on the community centre. It 15 a150 to be uspd fnr any caplt31 improvements to the premises. Admin support fund. This fund ha5 been designated by the trustees to secure the new part.tiTne Communlty Centre Adminislrator post until the end of May 2026. Page 18 continued...
PAN ToGgfHER NOTE5TO THE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENOED 31 MARCH 2025 ii. MOVEMENT IN FUNDS- tontlnued Restricted funds.. Lottery 3. New National Lottery Communf(v Fund to support setvice5 pr(Iwded 2025- 2030. Sovereign. Our local hou5irig a550clatlon provlded funding to run a Series of caokery courses for parents and children from Barton Primary School. The resources expended paid for tho c0515 of these. Youth Club Fund. This funding was from Newport & CarlsbTooke Community Council but we have been unable to recruit a youth worker so the monies were returned. VRU 2. Thls funding fiom the He offl,$ Violence Reduction Unit was used to fund è cookery course. Good ExchanEe - Pan Employability. This funding was from Sovereign vla an online funding platform. supp(Jrted the costs associated wlth our weekw drop-in 52ssion for penple wanting to biush-up their skills andlor get help with their Cvs andlor are thinking about returnln8 to work after a break. Community Support Fund. This funding 15 from a variety of sources intluding the Household SuppDrt Fund, the Hampshire & Isle of Wight CoMmuty Foundation. the ASDA Foundation, Southern Co-op, private individu318 and a number of companies. The fund'5 primary purpose is to provide community support and anti-povertv services in fvlfllment of our mission to improve the conditions of life for local resident5, especially when the cost of living cri515 15 blting so hard. The majority of resource5 expended relate to Stock for our community larder as well as crisis 5upermt)rket vouchers lor household5 in partlculal hardship. LDttery 2- ManaEer'5 wages. Funding from rhe National Loltery Community Fund. Early Help. Funding from the Isle of Wight CouncS1's Chlldren's Services team to run 3 5erles of cookery courses for vulnerablè famllies. Deljt rellef. Funding from the Natlonal Lottery Community Fund, the Hampshire & 151e of Wight Community Foundation and elsewhere to run our new money managp.mp.nt and form-filline serv¢ce which lamong5t other thing51 help5 people claim the beThefits to which they are entitled. Isle of Wight Cok*ncil. Fundlng relating to the reI3ment of faulty equiprnent following electfie61 breakdown. ILC. Funding from the Island LeèrnlnE Centre to run a series of cookery courses for their Students. Sovereign Cooking 24- Move on & Thrive. Funding to run a cookery project wlth vulnerable 16 to 25-year-old5. Organisation strength funding. Monies fTom the NatSonal Lotlery Comrnunity Fund to increase the charity'5 sustainability. Expenditure relates to the production and doorstep delivery of newsletter5 for Iocdl residents. Transfers betwèèn funds: During the period, the trustèes made the fo51owlng fund iran5fer5'. Deslgnated funds.. £8,205 was deslgnated to the wages fund to set aside the fund5 necessary for the post. £358 was transferred frorn the premises fund to allow for funds expended in the year. Page 19 contlnued...
PAN TOGETHER WOTES TO THE FINANCIAL STATEMENTS- cont5nued FOR THE YEAR ENDED 31 MARCH 2025 ii. MOVEMENTIN FUNDS-continued £2,267 was transferred from the buildlng fund for the con.%truction of the partition wall In the year. £3,343 was transferred into the Admin 5UPPOrt fund, from restricted fund5 as noted belt>w, tD set aside the funds nece55ary fur the post. Restricted funds., The transfer from CSF of £15,174 represents a transfer agreed with the funder to unrestricted funds and the corre¢tSon of mlnor costs included in general funds rÈlatlnE to the F expenditure in the period. There were also other minor funds transfers to correctly represent expenditure and funds held at the year end. 12. kELATED PARTY DISCLOSURES There werE no related party transactlons for the year ended 31 March 2025. P3gE 20
PAN TOGETHER DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 INCOME AND ENDOWMENYS Donations and legacies Donations and erants 143,059 163,772 Other tradlng actlvities Cafe sales Blngo 10,372 105 20,896 190 10,477 21,086 Inve9tment Income Rents received 19,449 17,256 other Income Sundry income 6,677 170 Total Incoming resources 179,662 202,284 EXPENDITURE other tradin6 artlvltlès Purchases Cafe incidentals and concessions 6,322 1,281 12.731 1,730 7,603 14,461 Charitable artivities Wages Telephone Postage and stationery SundFles Bookkeeplng Cleaning Premise expenses Donations Insurance tlank tharges 75,478 1,048 730 4,889 4,602 7,348 6,166 2,025 131 206 6,2 628 42,227 4,820 74,013 407 471 1,741 3,554 4,546 5,677 I,oc 1,182 214 7,221 subscriptions other charitable costs Grant returned to funder 43,460 6,083 156.9(K) 149,569 Thi5 page dtres not form part of th2 statutory financial statements Page 21
PAN TOGETHER DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 Support costs Finance Fixture5 and fittings 7,024 4,146 Governantè ¢osts Accountancy Accountancy underprovision 2,28D 480 1,842 816 2,760 2,658 Total resources expended 174.287 170,834 Net income 5,375 31,450 Thls page dogs not form part of the statutory financial stalemerTts Page 22