REGISTERED CHARITY NUMBER: 1197750 REPORT OF THE TRUSTEES AND AUDITED FINANCIAL STATEMELYTS FOR THE YEAR ENDED 31 MARCH 2024 FOR THE PENDLE FOUNDATION Ain5WOrths Limited Chartered Accout)tant$ & Statutory Auditors Charter Houqe Stan8fteld Street Nelson Lane&h]re BB9 9XY
THE PENDLE FOUTriDATIOL CONTE)TS OF THE FINANCIAL S"I"ATE.TrIENTS FOR THE YEAR EliDED 31ST IMARCH 2024 Page Report of the Trnstees 1104 Report of the Independent Auditors 5t08 Ststement of Financial Aciivilies Balance Sheet 10 Cash flow statement 11 to 12 Notes io the Financial Statements 13 to 17
THE PENDLE FOUNDATION REPORT OF THTr;"I'RtiSTF.ES FOR THE YEAR ENDED 31ST.TrIARCH 2024 FINANCIAL STATEMENTS AND TRUSTEES, REPORT The twstees present their annual report and audited financial statements of the charity for the year ended 31" March 2024. The financial statements comply with the Charitie5 Act 2011 Accounting and Reporting by Charities.. Siaiemeni of Recotnmended Practice applicable lo charitie8 preparing their a¢¢ounts in aecordance with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS 102}- {Charities SORP IFRS 102)). REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity Dumber 1197750 Registered office The Sat]ctuary of Healing D¢whurst Road Langho Bla¢kburn Lancashire BB6 8AF Trustees and key management A Clarkson S Clarkson J Hartley Role Chairperson Auditors Ainsworths Limited Chartered Accountants and Statutory Auditors Charter House Stansfield Street Nelson Lancashire BB9 9XY Bankers Handelsbanken PIC Blackburn Lancashire BBI 5QB Page I
THE PENDLE FOUNDATION REPORT OF THE TRLSTEES ICOLJTINLTED) FOR THE YEAR ENDED 31ST IWIARCH 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT Orgartis#tiollal Status The Pendle Foundation was registered as a charity on l February 2022 under the provisions of the Charities Act (Charity number.. 1197750) and is governed by a Irust deed dated 18 ' January 2022. Organisational structure The Board cuentlY ¢onsisis of the trusteeb and is responsible for key policy decisions and the effeciive governance of the organi8alion overall. The trustees lake care of the day to day running and legal requiremenis of the charity and the Board meets on a regular basis. Recruitment and appointment of new trustee5 Trustees are appointed to reflect the skills required lo support the Board and ils range of activities. The trustees themselves appoint new trusteeb 10 the Board and provide appointees with a full orientation on Ihe services provided, the deci.%ion- making processes of the charity and the roles and responsibilities of a ttustee. including their legal obligation8 under applicable laws. Risk management The I]us¢S hai'e examined the major strategic. business and operational risks which the charity faces and confirni that systems have been established to ensure that regular reportb. are produced and that necessary steps can be taken to address any issues arising. OBJECTIVES AND ACTIVITIES The principal activities of the charity are to advance such charitable purposes a5 tile ISteeS see fit from time to lime by providin¥ gyratils, land and premises to organisaiions. charities and cOnUtieS exclusively for the public benefit. Publlc benefit In setting out the charity's obJtIveS and planning of activitie5 the trustees have given Careful consideration to the Charity Comtnission's general guidance and se¢iion 17151 of the Charities Act 2011. The trustees are confident t]iat ihe charity offeis services of real and practical use to the local population and therefore complies with the responsibility placed tsn all Charities under the Charities Act 201 I to demonstrate a public benefit. Risk asse5smeDt The trustees review the major risks faced by the charity during their regular meetings and confirni there are Systell in place to mitigate them. Internal risks are minimised by the segregation of duties and procedures for authorisaiion of all transactions. ACHIEVEMENTS AND PERFORMANCE The charity had no iransactions in the prior financial year. However, this year the charity received a substantial donation frotn a trustee in the fomi of a propety. Tlie charity chose to sell this property which rebulted in a significant cash injection in the year. This has been used to award grant5 in the current year and to provide funding for the forebeeable future. Ther¢ is still a balance of over £2 million in the bank at the year end. Related parties The charity awarded grdntS' in the year to The Sancwary of Healing TTUSt. a charity which Antolly Clarkson is also a tryste. Details of the Telaied party trallsactions can be seen in noie I l. Grant making policy The ¢harity invites applications for filnding of projects from individuals, charities and community organisaiions in paniLular for public benefit. The applications are made directly to the tTU5tee5, who meet regularly to assess ihe applicationb. The INslees then approve or reject the grants. Projects aY be funded over varying periods of time, but the majority are made as one-off payments. Page 2
THE PEIYDLE FOUNDATION REPORT OF THE TRUSTEES {CONTINL'EDI FOR'fHE YEAR ENDED 31ST [ARcH 2024 FL},NCIAL REN'IEII, The attached statement of fmancial activities shows how funds were raised and applied during the year. This statemeni separates funds which the charity controls itself (U[eStrICted fund5) frotn those that have to be spent in a rnater determined by ihe donor (restricted funds). In this financial year, all fund% are unrestricted. Durin¥ the year ended 3 IY March 2023 the charity was dtsrniant. However, the charity has be¢n operating in the current FanCial year. There was a significant donation of a building made to the charity from Antony Clarkson for a value of £2,200,000 in May 2023. The building was subsequently sold by the charity. This has resulted in the high bank balance at the end of the rinancial year of £2,112,861. Due to the significantly high bank balance, bank inleresi received in the year wa5 £47,406. Other than general overheads incurred, the charity awarded grants of £122,070. The net movement in fut]ds in the year was £2.110,701 which has arisen from the donation and sale of the property giving rise to a healthy bank balance which is in excess of grants awarded. Reserves policy It 15 the policy of the charity to maintain unrestricied funds. which ale free reserve5 of the chaiity. at levels which equate to an excess of its projected needs for the forthcoming year. thereby providing sufficient fund5 to cover management, administration and support costs and enable the ongoing development of projects. The trustees believe the net asset P051tion is sufficient to satisfy such requirements although these levels of free reserves are reviewed on a regular basis. Future plan5 The charity will continue to support individuals. charities andcomrnunity organisations in the furtherance of its objectives of supporting the general public. STATEMENT OF TRUSTEEES. RESPONSIBILITIES The trustees are responsible for preparing the fmancial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice. Company law requires the trystees to prepare f]nan¢ial statements for each fanCIal year. Underthat law the trustee5 have elected to prepare the financial statements in accordance with the United Kingdoin Generally Accepted Accounting Practice (United Kingdom Accounting Standatds and applicable lawl. The flnancial statements are required by law to give a true and fair view of the state of affa2rs of the charitable company and of the 8urplus or deficit of the charitable company for that period. In preparing those financial statejnents, th¢ trnstees are required to.. 8ele¢t suitable accounting policies and then apply them consistelltly,. observe the methods and principles in the Charities SORP and FRS 102. make judgements and estimates that are reasonable and prudent,. slate whether applicable UK accounting standards have been followed, subject to any material deparnires diloSed and explained the financial statements., and prepare the financial statements on the going concem basis unless li is Inappropria to presume that ihe charithble company will continue in business. The 12UStees are responsible for keeping proper accounting re¢ords which disclose with reasonable accuracy ai any time the financial position of the charitable company and 10 enable them to ensure thai the firncial statements comply with the Companies Act 2006. They are also responsible for safeguarding the asbets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Page 3
THE PENDLE FOUD4DATION REPORT OF THE TRUSTEES (CONTIINUED) FOR THE YEAR ENDED 31ST TrIARCE12024 S.MALL CofvIPAy PROVISIONS Thiq reporr has been prepared in accordance with the special provisions for small companies under Part 15 of the Cotnpanie8 Act 2006. STATEfwlENT AS TO DISCLOSURE OF INFoRL1ATIOry TO AUDITORS So far as we are aware, there is no relevant aL1t inforniation of which the charity's auditor5 are unaware, and each trustee has taken all steps thai he or she ought to have taken as a trustee5 in orderto make himself or herself aware of any relevant audit infomiation and 10 establish that the chaTity's auditors are aware of that infomiation. AUDITORS The auditor5, Ain5WOrths Limited, are not proposed for re-appointrnent as the charity is at)ticipating it will be subject to audit exemption in the future. CHAIUTY REQUIREMENTS This report has been prepared in ac¢ordan¢e with requirements set down by the SOIiP 2019. ON BEHALF OF THE BOARD.. Cler son- Tru8tee Dated- 13th December 2024 Page 4
REPORT OTr THE INDEPENDEh'T AUDITORS TO THE TRUSTEES OF 'rHE pEDLE FOUNDATION OPINION We have audited the financial statements of The Pendle Foundation for the year ended 31st Mai¢h 2024 which comprise the Statement of Financial Activitie5, the Balance Sheet, Cash F.low Statement and the notes to the Financial Statements including 8 5umrnary of significant accounting policies. The financial reporting framework thai has been applied in their preparation 15 applicable law and United Kingdom Accoullting Standards including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accountillg Practice). In our opinion, the f]nancial statements= give a tNe and fair view of the slate of the charity's affairs as at 31° March 2024 and of the charity's incoming resources and application of resources, for the yeai then ended., have been properly prepared in accordance with United Kingdorn Generally Accepted Accounting Practice. and have been prepared in accordance with the requirements of the Charities Act 2011. B&sis for opinion We conducted our audit in a¢cordan¢e with Inteniational Standards on Auditing (UK) (ISA5 (UKII and applicable law. Our reqponsibililies under ihose standards are further described in the Auditor's responsibilitie8 for the audit of the financial siatemeDt8 section of our report. We are independent of the Charity in accordance with the ethical requiremen18 that are relevant to our audit of ihe financial statements in the UK. including the FRC'S Ethical Standard, and we have fulfilled our other ethical responqibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going concern In auditing the financial statements. we have concluded that the trustees, use of the going concem basis of accounting in the preparation of the financial statements is appropriate. Based on Ihe work we have perfomied, we have not identified any material uncertainties relating io events or conditions that, individually or collectively, may cast significant doubt on the charity'5 ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant section of this report. Other informatlon The trustees are responsible for the other inforniation. The other inforniatiOD comprises the infOrntIon included in the annual report, including the trustee's report but does not include the financial statements and our auditor'5 report thereon. Our opinion on the finallcial statements does not cover the oiher infom)ation and, except to the extent othenvise explicitly stated in our report, we do not ¢xpress any fomi of assurance conclusion thereon. In connection witli our audit of the financial slatements. our responsibility is to read the other infomiation and, in doing so, co[Lider whether the other inforn)ation is materially inconsisieni with ihe fjnancial statement8 or our knowledge obtained in the audit or othenvise appears to be materially misstated. If we identify such material inconsi.%tencie8 or apparent material misstatemet]t8. we are required to deterniine whether there is a material mtsstatement in the financial statements or a material misstatement of the other infomiation. If, based on Ihe work we have perfonned, we conclude Ihat there 18 a material misstatetnent of this other infomiation, we are required io report that fact. We have nothing to repo In Is regar Page 5
REPORT OF THE INDEPENDEI¥T AUDITORS TO THE TRUSTEES OF THE PENDLE FOUNDATION (CONTINUED) Matters on which Trve are required to report by exception We have nothing to report in respect of the following matierb in relation to wkn.ch the Churities (ALcuunts Rep(JrlJ) Regul<itiort$ 20U8 requires us to report io you if. in oui opinion.. the inforniation given in the trustees, report is inconsistent in any material respect with the financial staternents,. or suffJ¢ient accounting records have not been kept- or the financial siatemenis are not in agreement with the accounting records.. or we have not received all the infomiation and explanations we require for our audit. Responsibilitie5 of the trustees As explained more fully in the trstee8, responsibiliiies statement Iset out on page 31. the tjustees are responsible for the preparation of the fjnanctal statements and forbeing satisfied thai they give a true and fair view, and for such Inrnal control as the trystees detern)ine is necessary to enable the preparation of fllthncial statetnents tlkat are free from material tnisstalement, whether due to fraud or error. In preparing the flnancial statemenis. the trusiees are responsible for assessing the charity's ability to continue as a going Concern, dt.%closing, as applicable, matters related to going concern and using the going Concetn basis of accounting unless the trnstees either iniend to liquidate the charity or to cease operation5. or have no realistic alternative but to do so. Page 6
REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF THE PENDLE TrOUNDATION ICONTtNUEDI Auditor's responsibilities for tli¢ audit of the financial statements We hawe been appoinied as auditor under seLlion 151 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having aftect thereunder. Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or eor, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS (UK) will always detect a rnaterial misstaiement when it ¢xist%. Misstatements can arise fron) fr2ud or error and are considered material if, individually or in the abgregate, they could rea%onably be expected to influence the economic decisions of users taken on the basis of these financial statements. The extent to which our procedures are capable of detwling irregulariiies, including fraud is detailed below.. Based on our understanding of the charity and the nare of the sector in which it operates. we have identified that the piincipal risks of non-cotnpliance with laws and regulations related to. but were not limited to. the Charities Act 2011 and legislation. We have evaluated management's inceniives and opportunities foi fiaudulent manipulation of the financial staietnenls {including the override of controls) and detemined thai the principal risks were related to management bias in accounting estimates and judgements. Our audit procedure5 designed to address these risks included. but were not lirnited to.. Enquiries with management. regarding any known or suspected instances of non-cornpliance with law5 and regulations and fraud. agreement of the financial statements disclosures lo the underlying supporting documeniation. perfotming analytical procedures to identify any unusual or unexpe¢ied relationships that may indicate risk of material misstatement due to fraud. challenging assumptions and judgements made by managetnent in their significant aCcOLtIng estimates; obtaining an understanding of internal coiitrols relevant to the audit in order to design audit procedurs that are appropriate in the circutnstances, but not for the pu4)ose of expressillg an opinion on the eff¢¢tivet)ess of the internal control5. Our audit procedures were designed to respo[ to risks of material misstatement in the fllwicial statements, recognising Ihai the risk of not detecting a tnaterial misstatement due lo fraud i8 higher than the risk ofnot detecting one resulting From error, as fraud may involve concealmellt by misrepresentations or through collusion. There are inherent limitaiions in the audit procedureg perfomied and the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the l¢ss likely we are to bQme aware of it. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at.. Www.f.org.UVaud1torsrespQns1bil1IIe8. This description forms part our auditor's report. Ainsworths Litnited is eligible for appointment as auditor of the chaTity by virtue of it5 eligibility for appointtnent a8 auditor tsf a company under section 121 of the Companies Act 2006. Page 7
REPORT OF TFIE I,YDEPENDENT AUDITORS TO TIIE TRUSTEES OF THE PENDLE FOLND,ITIOIY (COTr4TIYL UED} Use of our report Thi% report is made solely 10 the Lharily'b trustees, as a body, in accordance with section 151 of the Charilieb Act 2011 and the re¥ulaiions made under 154 of that Act. Our audit work has been undertaken so that we might state lo ihe Charity's trustees those mailers we are required to state to them in an auditor's report and for no othei purpose. To the fullest exieni pemjilted by law, we do not a¢¢ept or assutne iesponsibilily to anyone other than the Charity's trustees as a body, for our audit work. foi this report, 01 tor the opinion5 we have forn)ed. Mark Sunter (Senior Statutory Auditor) for and on behalf of Ain5WOrths Limited Chartered Accountants & StatOry Auditors Chaner House Stansfield Street Nelsoti Lanca%hire BB9 9XY Dated.. 13, December 2024 Ainsworth% Limited is eligible to act a5 auditor in tenns of the Companies Act 2006, S. 121 Page 8
THE PENDLE FOUNDATION STATEfwIENT OF FIIYAIYCIAL ACTIVITIES (INCORPORATIN'G THE ILNCOfvIE AN EXPENDITURE ACCOUNT) FOR THE YEAR ELNDED 31ST lARCH 2024 Unrestrieted funds Restricted funds 2024 2023 Note5 INCOMING RESOLQiCES Donations and grants Investment income 2,200,000 47,406 2,200,000 47,406 Total incoming resources 2,247.406 2.247,406 RESOURCES EXPENDED RaI.ing funds Charitable activities 136,705 136,705 Total resources expended 136,705 136,70S NET MOVEIVIENT IN FUNDS Other recogni5ed gains and losses Net gainsl(losses} on investments 2,110,701 2,110,701 NET MOVEMENT Jr4 FUNDS 2.110.701 2.110,701 RECOI¥CILIATION OF FUPIDS Total funds brought forward TOTAL FULYDS CARRIED FORWARD 2 110,701 2,110.701 The statement of f]nancial activities includes all gains and losses recognised in the year. All inco]ne and expenditure derive frotn continuing activities. The notes forn) part of the8e flnancial statemenL Page 9
THE PENDLE FOUNDATION BALNCE SHEET AT 31ST t*lARCH 2024 2024 2023 Notes FIXED ASSETS Tangible assets CURRENT ASSETS Debtors Cash at bank 2.112,801 CREDITORS Amounts falling due within one year NET CURRENT ASSETS 2,160 2,110,701 TOTAL ASSETS LESS CURRENT LIABILITES 2,110,701 NET ASSETS 2,110,701 FUNDS R¢stricted Unre.%tricled 2,110,701 TOTAL FUNDS 2,110,701 The fmancial statements were approved by the Board of Trustees on 13, December 2024 and were signed on its behalf by.. A Clark TNstee on The notes forni part of these financial statements Page 10
THE PEYDLE FOUNDATION CASII FLOW STATEIENT FOR TEIE YEIiR ENDED 31ST MIIRCH 2024 Notes 31.03.24 31.03.23 Cash flows from charitable activities Cash Eeneraled frorn activities 2.065,455 Net cash from charitable activities 2,066.835 Cash flow5 from investing 8Ctivitie$ Interest received 47,406 Net cash from investing activities Cash flows from financing a¢tivitae5 Net cash from funcing activities Increasel{decregse) in cash and eash equivalellts 2,112,861 Cash and cash eqllivalent5 at beginning of year Cash and cash equivalents xt end of yeAr 2.112,861 The notes form part of these financial staiements Pagell
THE PENDLE FOUNDATIOiY CASH FLOW STATEMF.NT OR"fHF. YF.AR ENDED 31ST TrIARCH 2024 RECONCILIATION OF SURPLUS TO CASH GEF4EIL4TED FROM ACTIVITIES 31.03.24 31.03.23 Net income and net movement in funds 2.110.701 Finan¢e income Increasel(decrease) in Irade and other creditors (47,406) Cash generated from eharltable aetivitles 2 065,455 CASH AND CASH EQUIVALENTS The amounts di8c105ed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounis.. Year ellded 31. March 2024 31.03.24 01.04.23 Cash and cash equivalents 2 112861 Year ended 31ll March 2023 31.03.23 01.04.22 Cash and cash equivalents The notes forni part of these fmancial btatemenis Page 12
THE PENDLE FOU.NDATiof4 NOTES TO TIIE FINANCIAL STATEII IENTS FOR THE YEAR ENDED 31ST P¥lARCH 2024 ACCOUNTING POLICIES Statutor}, information The Pendle Foundation is a charitable Company, limited by guarantee, registered in England and Wales. The charity'5 registered number and registered office addres5 can be ftsund on the Company Infonnaiion page. Each member's personal liability is limited to an amount not exceeding £1. Basis of preparation The financial stateTnents have been prepared under the historical cost conversion. in accordance with Accounting and Reporting by Charities Staleinent of Recommended Practice applicable to charities preparing iheir accounts in accordanc¢ with the Financial R¢porting Standard applicable in the UK and Republic of Ireland (FRS 102} leffeciive l January 20151- (Charittes SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021 and ihe Companies A¢1 2006. The Trustees have taken advantage of ihe provisions of section 474{11 of th¢ Cornpanies Act 2006 and have prepared an income and expendiiure a¢count instead of a profit and loss account. Ineoming resources All incoming resources are included on the Statetnent of Financial Aciiviiies when the Charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. Income from donations. legacies. fLmdraising and glmilar incoming resources are included in the year in which they are receivable. Any income received for specific purpose is ac¢oLmted for as resiri¢ted funds when receivable. Resources expended Expendilure is accounted for on an accruals basis {inclusive of attributable value added tax which cannot be recovered) and has been classified under the principal cate¥ories related to the cost. Costs allocated to activities in the fihtrallce of the charity's objects are those directly associated with achieving the charity's goals. Gtsyernance costs are those incurred in ctsnneciion with the management of the company's assets, organisational adtninistration and compliance with conbtitutional and statutory requirements. Where costs cannot be directly attributed to particular headings they have been allocated to actLVlties on a basis consis*nt with the use of resources. Fund #ceounting Unrestricted funds are available for use al the discretion of the trustee5 in the furtherance of the general activities of the charity. Surplu.% fund5 can be allocated to restricted projects if the trustees believe they are required. Resrri¢t¢d funds are funds subjecr to specific rcstriction impos¢d by the donors for the purpose of any appeal in which the funds are raised and can only be used for particular purpose within the objects of the charity. Debtors Short term debtors are measured at transaction price, less any impairment. Creditors Short tem) creditors are measured ai iran8a¢iion price. Th¢ notes fonn part of these financial statements Page 13
THE PENDLE FOUINDATIOLY NOTES TO THE FINANCJAI. STATETrIELYTS {CONTINUED) FOR THE YEAR ENDF.D 31ST IIIARCH 2024 ACCOUNTING POLICIES ICOYTINUED...) Significant judgefftents and estimate5 Preparation of the fmanciai statements requires management to make significant judgements and estimates. Taxation The Charity is exempt from corporation tax on its charitable activities. NET INCOME AND EXPENDITURE FOR THE YEAR Net income and expenditure is stated after charging.. 2024 2023 Depreciation Auditor5 remneratiOn.. Auditors remun¢ration Oth¢r accountancy services 2,160 330 INCOME FROM DONATIONS AND GRANTS 2024 2023 Donations 2,200,000 2,200,000 Income from donations totaling £2,200,000 (2023.. £Nill were unrestricted. The notes fomi part of these financial statements Page 14
THE PENDLE FOUNDATIOIY NOTES TO THE blNANCIAL STATETrI IENTS (CONTINUED) FOR THE YEAR LNDED 31ST ITrlARCH 2024 STAFF COSTS 2024 2023 SÉaffc05ts.' Gross wages Social security Pensiong The uvÉrdge number ofentployee5 during theyear were usfollows.. No No Charithble services Management and administration (including trustees) During the yeaT, no employee received remuneration in exces5 of £60,000 The trustees and key management personal have received neither rejnuneration nor reimbLwsement of expen5e5 during the peri(Trd. RESOURCES EXPENDED Charitable ctivitie5 Raising fllDds 2024 2023 Grants payable (see note 6) Marketing and adv¢rtising Insurance A¢¢ounlan¢y Legal and professional Bank charges 122.070 3,000 I,IS8 2.490 7.872 115 122,070 3,000 1,158 2,490 7,872 115 136.705 136,70S Resources expended totalling £136,705 (2023.. £Nil) were unrestrkcted. The notes forni part of the.se financial 51atemenis Page 15
THE PENDLE FOUNDATION NOTES TO THE FINANCIAL STATEfvIE)TS (CONTINUED) FOR THE YEAR ENDED 31ST [ARCH 2024 ANALYSIS OF GRANTS PAYABLE 2024 2023 The Sanctuary of Healing Mr M G Reccia May Peace Prevail RJKeen Lancasier Independent School The Soil Association Donations to other organisations 80,000 11,000 10,000 9,000 8,000 2.200 1.870 122,070 INVESTMELYT PROPERTY Total COST Ai I. April 2023 Additions Disposals 2,200,000 12,200,000) At 31" March 2024 DEPRECIATION Al I. April 2023 Charge for year Eliminated on disposal At 3151 March 2024 NET BOOK VALUE At 31" March 2024 At 31. March 2023 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Other creditors 2,160 2.160 The notes fomi part of these financial statements Page 16
THE PENDLE FOLryDATION NOTES TO THE FINANCIJIL STATETr¥lEYL TS {CONTINUEDI FOR THE YEAR ENDED 31ST MARCH 2024 WALYSIS OF NET ASSETS BETWEEN FUNDS 2024 Total funds 2023 Total Funds Unrestricted funds Restricted fund5 Fixed asset Current assets Current liabilities 2,112.861 12,160) 2,112.861 12,160) 2,110,701 2,110,701 io. MOVEMENT FUF4DS Net ovement ID fund5 At 1.4.23 At 31.3.24 Unrestricted fullds General 2,110,701 2,110.701 TOTAL FUNDS 2,110,701 2,110,701 Net movement in funds. included in the above are as follows.. Incoming Resources Resourees Recognised Expended gainsl(losses) Movement in funds UDre$tricted fundg General 2,247,400 (136,7051 2,110,701 2,247,400 1136.7051 2,110.701 ii. RELATED PARTY TRANSACTIONS During the year, a property was donated to The Pendle Foundation valued at £? ?aO.000 k), Antony Clarkson who is a trustee of the charity. As this was donated the amolt owed to the relakd paty is £Nil. b. During the year, The Pendle Foundation awarded grants to The Sanctuary of Healing for a total of £80.000. This is a charity in which Antony Clarkson is also a trustee. The note5 fortn part of these funCIal statements Page 17