REGISTERED cwiry NUMBER: 1197750 REPORT OF THE TRLSTEES AND FIN)ICIAL STATETrIENTS FOR THE YEAR ENDED 31ST MARCH 2025 FOR THE PEfiDLE FOLT4DATtON Chartered Accountants & Ststutory Auditth5 Charter House Stsn&ficld Street Nelson Lattcashire BB9 9XY
THE PENDLE FOUYDAYION CONTF.NTS OF THE FTh ANCIAL STATF.ItENTS FOR THF. YEAR F,NDF.D 31ST lARCH 2025 Page Report of the TEUStees Ito4 Independent Exatlliner's Report State]nent of FAtMtieial Activiti&8 Balance Sh¢¢t Notes to the Financial Sthtements 8t012
TE PENDLE FOUYDATION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST LKARCH 2025 FINANCIAL sTATED+NTs TRUSTEFS, REPORT The trustees who are also directors of tELe company for the putposes of the CollLpanies Act 2006, pre8ent their annual report and unauditcd fcIal statcmenls of the charity For the year ellded 31. March 2025. The fmancial statements comply with the Charities Act 2011 AUnting and Reporttng , Charities.. Statemettt of Rwommended Pra¢ti¢e applicable to chaTities preparing their ac¢ounts in aLYordanc¢ '1th the Financial Reporting Standard applicable in the Uniled Kingdom and Republic of Ireland (FRS 102)- (ChaTities SORP (FRS 102}). REFERENCE AND ADMINISTRATIVI DETAILS Reg15tered Charlty number 1197750 Reg15tered offlce The Sattetuary of Healing Dewhur8t Road Langho Blackburn Lancashire BB6 SAF Trustees and key management A Clarkson S Clarkson J Hartley Role Chairperson Independent Examlner M Sunter FCA Ainsthorths Limited Chartered Ac¢ountsnts Charter House StansfIeld Strttt Nelson Lancashire BB9 9XY Bonkers Handelsbank-en PIC Blackburn Lancashire BBI SQB P¢1
TKE PEf4DLE fouNDATIO REPORT OF THE TRUSTEES (COhryINLED) FOR THE YF.AR ENDED 31ST MARCH 2025 STRUCTURE, GOTr'ERNANCE AfD MANAGEMENT 0rganlsatloll status The Pendlc Foundation was gister•a8 a ¢Trlty on IY Febnwy 2022 Uler the provi5ionsof the Chan"ties Act (Charity number. 1197750) and is goyemed by atsit deed datrd 18th January 2022. Organi$atioHo1 structure The Board wrreutLy consists of the tnjstees and is restK)tJsible for key poli¢y decisions alld the effective Btsvernance of the orgonisatioll oi'erJll. The trustees tske care of the day 10 day wtinit alld legal rffjuircments of the charity and the Board meets on a regular b&8iS. Recruitmellt and appolntD]ellt of lleiv trn¥tees Trustees appointed to reÉleci th¢ skills r¢quird to suppon the Board andits rangeof actiluties. The tnL8tees tbernselves appoint new tsustees to the Board and provide apwtlltees a full orientstion on the senryces proiryded, the decision- akillg processes of the charlty and the toles aud respoDsibilÈti¢s of a trusiee. illcludinÈ their legal obligations under applicable laws. Rlsk management The trustees has'e exa]nined the nlljor strategi¢, busiDe&s and operational risks which the chariry faces and confirnj that systcms havc been estabtished to ensu that regular reports are produced atyj tbatnecessary steps be taken to address any issues aii61Dg- OBJECTIVES AND ACTIvrtIES The principal activities of the charity ate to advance such cljaritable purposes as tbe trnstees see fLt fronL ti]ne to time by providing an¢s, laod and premiseg to oryatiisations: chan"ti&s and COJlltsLuniiies exclusively for the publi¢ benefit. Publlc benefit In setting outthe charity'6 objeKtiv¢s andp]aDlling of activitithe trustCe5havegiven care1 consideration to the Charity Co]llmission'5 general guidance alld section 17()) of the Chatitie5 Act ?01 l. The trustees are confjdent that the charity offers services of real aod pra¢ti¢al use to the l(Kal population aud therefore copIleS with th¢ rcsponsibility placed on all charities under the Charities A¢t 2011 to d¢OnStratE a pub]ic benefiÉ. Risk assessment The Iru8teei rthiew the major risks faced by tb¢ ¢haTiry during their regular meetiThgs and cofjfirtn there are systems in place t(Tr mitigate them. Inten)al risks a minijnised by the s¢gregation of duties atld procedures for authorisation of all transactions. ACHIEVEMETrITS AND PERFORLtALICE In the prior year the ¢lwity received a substantial donation fiDJn a ttustee in the forni of a property. The olmrity chose to sell this property which resulted in tt significallt injection in the v&8r. This was used to award grants in the prior year and the cUellt year and to provide for the foreseeable futswe. There ts sull unrestricted ndS of over £2 million at the year end. Related partles The charity awarded grants in the year The Sallclu of Healing TnL8L a charity wbiGh kntony Clarkson is al80 a truste& Details Of the related party transactions Can be w] ill note I l. Grant makillg policy The rharity invites applications for fimditig of projects from indiwiduaIs, clwities and CooU1ty orgatii8ations In particulaT for public benefit. The applications are nde diCtlY to the trustees, w'ho meel regularly to &88e88 the appIications. The trustees then approve orT¢je¢t the gr8nts. Projects may be funded over varying periods of time, but the majority are as 0tt&4>ff paytncnts. Page 2
TEIE PENDLE FoufiDATIOLY REPORT OF TRLTSTEES {coINETED} FOR THE TrEAR EP4DED 315T MARCH 2025 FINAf4ciAL REVIEW The attached Stament of flnancial activities sbows how funds were raised and applied duTing tbe year. This ststement sepentes funds whicb the Clwity controls itself (unrwtrictrd fund51 fr0]n those that have to be spent in a maTJner detern)ined by the donor (restticted funds}. In this Fmancial year, ail fiulds ar¢ unrestricte There w#$ a signifieallt dottation of a buiiding made to tbe ¢lMrity from Antony Clarkson for a N71lle of £2,200,000 in May 2023. The building wa5 sub5equenily 501dby tbe charily. This resulted in the high bank balance at the end of 2024's nancial year, of £2.112,861. Due thi5 h18hballkbalee. batskilltere8tre¢eived iu theprior fjnanclalyearS £47,406. For this financial y¢ar the bank inter¢str¢ceiv was£68,466. Other tban generdloverheads incurred. the charity awarded grat5 of £164,101. The net movement ID fujyls in th¢ year was a d¢ficit of £102.050 wljich h&8 ari8eEL from the resources expended being greater than tbe incolning resources ID the year. Re8erve8 policy It is the policy of the charity to mailltsin unrestricted W wbicb are free reserve8 of the charity, at levels whiclL equate to au exeesy of its projected needs for the fortbcoming year: tbereby providtiig wffi¢ienr thnds to cover maDag6rneTht, thintstration alld gUPPOrt costs and enable the ongoing dei'eloprnent of projects. The tnL8tee5 IlieVe tILe net asset po$itioll is SLiffieiettt 10 8&tisfy such rquir¢ellts although these levels of free reserves are reviewed on a regular basis. Future pl#o$ The charitywill ¢olltinu¢ to support indii'idual4 cbarities 8ndcommunity orgallisations in the furtherance of its objective8 of supportillg the genual pub]ic. STATEI¥IETr4T OF TRUSTEES RESPOsIBILITIEs The trustees are responsible for preparing the miitew, report and the finHllcial 5ta*ments it] accordance with applib]e law and Lnited Kingdom AOUntIng Standards sucludillg Fillallcial Reporting Statsdard 102.. The Financial Reporting Standard appIlble in the UK and R¢publi¢ of Ireland (LnIt KtD8do]ll GEnEIl} Accepted Accounting Pracllce). The law applicable to charities inEnglandalld Walesrequir&% thetrusttcs toprepare fiDancial statements for e&h financial year which give & tsue and fair view of the sthte of aftTairs oltbe charity and of the inco1[ resources and applicatio]k of resources of the charity for thatperiod. Jn prepIng these fmancial statements, th¢ trystees are required to: sel¢ct suitable fftccountitig w)licies and rhen apply them Cons[eIly. observe the methods and principles iti tbe Clwiues SORP and FRS IO2. make judgements and estillte5 that are rea3onable aod Pden4 state u'heiher applible UK a¢c(Trunting stand8r(Ls have beeu followe4 subject lo any material departure8 disclosed and explained in the financial sia¢ements' prepare the fJnAll¢Aal statements on the going¢oncernb&yisuthss it is ill4ppro]ate t0pSUm£ thatthe ¢lwitable company will continue in iwsiJLesS. The trustee8 are respnsible for keeping sufficient accounting Ye£ords that dilOse with reasoDablE accuracy at ally t1¢ the FaclaI position of tbe charity 2nd enable them to ensure that the finaJLcial sraternents comply iviththe Charities Act 2011, the trnst deed and the Accounting and ReportiThg by clthrities.. Statement of Rttoll)mended Practice applicable to charities reporting their accounts ill accordance the Fiuancial Reporting Stalldard applicable iu the UK and R¢publi oEIreland. They are a]so responsible for safeguarding the assets of the clwity and hence for tsking reasonable steps for the prevention and detcction of fraud and othcr irrcgularities. Page 3
TUK PENDLE FOUM)AYJON REPORT OF THE TRUSTEES (CONTThUED) VOR ThF. YFAR ENDF.D 31ST MARCH 201S SMALL COLWIPANY PROVISIONS This report h&8 been prcparcd sn accordanc¢ with dLe special provisions for small companies under Part 15 of the Companies A¢t 2006. CHAIUTY REQLIREP*lENTS This report I been prepared in accordance with r¢quirneats set dowll by th¢ SORP 2019. ON BEHALF OF THE BOARD: A Clark - TnL8tee Dated.. 2P November 2025 Page 4
REPORT OF THE INDEPKL¥DEf4T EX}IllNERs TO THE TRUSTELS OF THE PELYDLE FOLNDATION I report to the Chlty trustecs on my Examination of the accoutLls of the cRlty for tbe year ended 31sL March 2025. Respective respollsibilities of the trustees and examiner The cbarity's trustees are re5PODsible for the preparatiott of tbe accounts. Ibe clwity's thte£S consider that an &udit is not required for this year under section 144(2) of the Chariti&4 Act 2011 (the 2011 Act) and tIt independent examinatiorA is needed. Having satisfied myself that th¢ Chartty is not subject to an audit un(kr section 144Q) of t 2011 Act And is ell'ble for independent examimation, it is my responsibility to.. - EL2mine tlLe accounts under section 145 of the 2011 A¢( To follow the proo¢dure$ laid down iti the general directions given by the Cbarity Commi&8ion under section 145(5){b) of the 20I l Act. and To state whether particular matters bave ¢¢)me to my altenlio Basls oflndependent eXtr,$ report My eXa]natIOn wa8 C9rried out iti accordance the general dittctions given by the Clwity Commissioner. An exalIlI0 inrftude6 4 resq¢w of the aceounting re£ord5' kEpt by thE clwity and a comparison of the accounts presented with those records. It also includes considerntiorl of any unusual or disclosures in the account& and the seeking of explanations fro you as trustees GOUGernitig ally suGhma(ters. The proceduM undcrtakell donotprovide all the evidence thpt would requir in all wdit GoDsequElltty.. no OPiDion is given to whetber the aG¢Dunts present a 'trne and fair vi¢w' and th¢ r¢p)rt is linjited to those llhatter5 S6t out iti the statement below. IIJdepeudet exanthierg, &t4tem¢nt In COJJnf£tiou with oiy exarninatioll, no matter c0C to attentio iich gives me re&8onable cause ta bcliLve th&t, in any material rwecL the reqlliremcnts: al to keep attounting records in accordance section 130 of the 2011 .Act' and b) to prepaTE acGounts wbich accord Mith the ac£ouating r#ords, comply with the arKountiug requirements of the 2011 Act bave not been mel or To whic14 ill my opittion, attention should be dtawn iti order to enable a pry understanding of the 8Quat$ lo be r¢ached Mark Sulller FCA Ainsworths Limited Chartered Accountallts Charter House Stansfield Street Nelson Lanrashir¢ BB9 9XY Date.. 27 November 2025 P8ge 5
THE pEf4DLE FOUNDATION STATF,TrtEBrr OF FINANCIAL ACTIvfTtES (llNCORPOIL4TINC. THE tr*COTrIE AND EENDr[LI<B ACCOUNT) FOR THE YEAR ENDED 31ST MARCH 2025 Unrestrieted fullds Restricted funds 2025 2024 Notes INCOMING RESOLIiCES Donations and grants Investment income 2,200,(M)O 47,406 68,466 68.406 Total inctsming resources 68,466 2247,406 RESOURCES E.¥P[DED Raising fimds Charitable actiTriti& 170,516 170516 136,7QS Total resourte8 exJ)ended 170 170 136705 NET MOVE.MEfiT IN FUNDS Other recogni8ed gains lofjses Net gainJl10&8es) on investments (102,05D) (102.OSO) 2,110,701 NKT MOVEMETr4T IN Fuf4DS (102,050) (102,050) 2.110.701 RECONCtLIATIOY OF FiJNDS Tot funds brought forward 2,110,701 2,110,701 TOTAL FUNDS CARRIED FORWARD 2.0118 651 2.1108.651 2110701 The statement of fmallcial activiues includes all and losse8 recogDised ID the year. All income expendibjre derive from colltinuiag activities. The notes form part of fla[ 8tateJnents Page 6
PENDLE FOUNDATto BALNCE SET AT 31ST MARCU 21125 2025 2024 Notes FIXED ASSETS Tangible assets CURRKTrIT $SETs Debtors Cash at batsk 2,IM19,731 2.112.861 2,(rf19,731 2,112,861 CRDIToRs Amounts falhng due w¢thio one year NET CURRELYT ASSETS 1,080 2,160 2,008,051 2,110,701 TOTAL ASSETS L5 CURRENT LIABILITES 2,008,051 2,110,701 NET ASSETS 2,008,651 2,110,701 RG8tricted Unrestricted 2,008,651 2.110,701 TOTAL VLTr4DS 2,008,651 2,110,701 The financi81 statements were approved by the Board of Tttt5 on 2P N0veber 2025 and were signed on its behalf by.. The notes fom) part of thsse financial statements Page 7
PEf4DLE Fouf4DATEON
TrIOTES TO THE FINANCL4L STATETrIENTS
FOR THE YEAR ENDED 31ST.MARCH 2025
ACC017NT]NG POLICIES
Statut¢Jrv i]rformation
The P¢ndle FouJthti¢)n is a ¢h8ritable compallv. litnited by Euarantee, registrred in England and Wales. The
charity's registered oumber and regi8t¢red office addres5 cau be fouTEd on the Company Inforniation page. Each
member's personal liability is lijnAted to an amThJnl not exce£ding £1.
Bas15 of preparation
Th¢ Fla1 statements have been prep under the historical Cost conver8j0 in accorthce Accounting
and Reportitig by Chariti&4 Statement of Recommended Pwtice 8pplirable to charities preparing their accounts
ill accordanGC Witb th6 Fitiancial Reponitig Stsndard appIlble in the UK and Republic of IrelatLd IFRS 102)
(effeGtive l Jalluary 2015)- (Charities SORP (FRS 10?)), the Financial Reporting Standard applicable in tbe UK
and Republic of Ir¢lalld (FRS 102) and the Companies Act ?006.
The Trustec5 have takEn advalltagc of the provi8i0L8 of section 474(1) of the Compantes Act 2006 and have
prepared an incor(Le and &wditure accoullt instead of a pmfit and lo&$ accounL
IncoTrlng Te50urces
All incoming resources are included 00 the Statement of Fillancial Activitie5 when the charity is legally entitled
to the income and the amouot can b¢ quontified with r&wnable aceurncy.
tncome from donatioa& legacies, bjnthaising and sirnilar incorniDg resourccs are included in the year in which
tb¢y are receivable.
Atty iticome received for specific is accounted for as restricted funds when receivable.
Resources expellded
Exp6nditure i8 accounted for on accruals basis (inclusive of attnbutsble value added t4x which cannot Ee
recovered) a[ has beett clsified under the principal catrgories related to the cost.
Costs allocated to actiTriti¢5 ill the filltberax of tbe charitv's objecls are those directly &8sociated with Aehieving
the charity's goals. Governallce cosL8 are thok incutted in connection wilh the manLoement of the company'8
888ets, organisational adn)illistsBtion and COp118ce witb constitutional and statutory requirements. W¢[¢ costs
car]not be directlyattribllted to particul headings thcyhaTre beett allocated to activities on a basis cOnsistt with
the use of re80urces.
Fund accounting
Unresiri¢ted fimds are avaitable for use ai the discretion of the trustees in the furtlLeranee of the gene1 activities
of thE rhatity. sUlUs funds" Gan be allAd to [rIc1ed projects if the (rysttes believe they are required.
R¢stri¢ted funds ar¢ fund8 sllbj
THE PENDLE FOUTr47)ATION F40TES TO THE FLYANCIAL 5TAT£I¥IEf4TS (COIYTINUKD) FOR THE YEAR EfDED 31ST.MARCH 2025 AccoufTING POLICJIS (CONTINUED...) Signifieant judgements alld eslimate Preparation of the fmanC1 statements requirts Magernent to make sigDificant judgements and estinwtes. T4xatLon Th¢ Clwity is exempt from COTpofdtion tlx on irs charitable a¢fivitieB. ET J14COLl AF4D EXPETriDITiTRE FOR THE YEAR Net income and exp¢ndibJr¢ is stated after chargitjg: 2025 2024 Deprttiation Aud£tors remuner}1On.' Auditors rEmunEratiott Otb¢r oUnLGY servicEs 2.160 330 1,080 Ir4coKE FROL¥I DONATIONS AL¥D GRAL¥TS 2025 2024 Donation8 2,200,000 2,200,000 Income from donations totalimg £Nii (2024.. £2.21)O,IX)O} were Iit]restricte4L The notes forni part of these financial staletnents Page 9
THE PKNDLE FOUNDATiof4 NOTES TO THE F]F4ANCIAL STATEMENTS (CONTINUED) FOR THE YEAR Kf4DED 31ST hIARCU 2025 STAFF COSTS 2025 2024 Siaffc03ts." Gross wages Social security Pensions The Lmntge number ofémployeds dunnglheywert asfollows.. No Charitable geICeS Management &nd adnjinistration (includitig tr{e¢s) During th¢ year, llo employee r¢¢¢ived re¢ratIoll in exce of £60.IKM) The trustees and kry o1aoagt p¢rso])al have ely1 neither remun6ratioll nor reimbursement of expenses during the peri(MJ. RESOLQiCES LVENDED Charitable actie9 Ralslllg fullds 2025 2024 Grants payable (see note 6) Marketing advertising tnsuran¢e Accountsncy Legal and professional Bank chaeS Donations Training Travelling 164,101 1715 1,264 1,080 164,JOi 2.715 1.264 1,080 122,070 3,OLN) 1,158 2,490 7,872 115 180 I,ooi 95 80 180 I,ooi 170,516 170,516 136,705 Re50urces exp¢lld¢d totalling £170,516 (2024.. £136.705) were unrestricte4L The note6 forni part of the8e fmancia] statements Pag¢ 10
THE PKNDLE FOUF4DATIO NOTES TO THE FINANCIAL STATEMENTS (coNfINUE])) FOR THE YEAR ENDED 31ST L*IARCH 2025 ANALYSIS OF GRANTS PAYABLE 2025 2024 The sallCary of Healing Mr M G Reccia RJKeen The Soil knociation May Peace Prevail Lancaster Indyndent Schix)I Dollatiolls to other organisations 140,001 12,OIKI 8,41MI 13IKI 80,000 I I,(M)O 9.000 2.200 10,000 8.0 1,870 2lTr0 164,101 122,070 CREDITORS: AMouf4TS FALLIP4G DUE WITHIN ONK YEAR 2025 2024 Other creditors 1,080 2,160 1,080 2,160 The not&8 forni part of these 6nallcial St&teettts Page 11
THE PEL4IDLE FOLf4DATIOP4 TrIOTES TO THE FLNLryCIAL STATEMF.NTS {CONTINUEDI FOR TItE ELYDED 31ST )L4RCH 21125 ANALYSIS OF NET ASSETS BETWEEN FUNDS 2025 Tolai funds 2024 Total Funds Ullrestrieted runds Restricted funds Fix¢d assets Current a&ts Current knabltieS 2,009,731 (1,080) 2,009,731 (1,080) 2,112,861 12,160) 100&651 2,008,051 2.110,701 MOVEhlEI¥T ll¥ FUP*U>S Net movemtnt in fundA At 1.424 At 31J.25 UDr¢strlcted fulld$ GeneraL 2,110.701 (102.050) 2.008.651 TOTAL Fuf4DS 2,110,701 (102,050} 2,008,651 Net moYe]nenl in fimds, included in the above are as follows: Illcoming Resourtts Recognised Resource5 Expended galns10oss> Movement in funds Unrestrieted funds Genera] (170516) (IOI050) 11711516) {10•,050) io. RKLATKD PARTY TRANSAcfIoNS Duritig the year. ThE PettdleFoundationawarded grantsto The S8nctuaryofHealing fora totslof £140,001 (2024.. £80,OIK)). This i5 a Ghatity iu vkniGh Atttony Claknn is alw a trnstee. The notes fonn part of these fjnaneial statements Page 12