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 f￿￿cIal statcmenls of the charity For the year ellded 31. March 2025. The fmancial statements comply with the Charities Act 2011 A￿Unting 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 Af*D MANAGEMENT 0rganlsatloll￿ status The Pendlc Foundation was ￿gister•￿a8 a ¢Tr￿lty on IY Febnwy 2022 Ul￿er the provi5ionsof the Chan"ties Act (Charity number. 1197750) and is goyemed by atsi￿t 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 activiti￿the trustCe5havegiven care￿1 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 co￿pIleS 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 PERFORL*tALICE 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 cU￿ellt 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 Coo￿U￿1ty orgatii8ations In particulaT for public benefit. The applications are n￿de di￿CtlY 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 {co￿￿INETED} FOR THE TrEAR EP4DED 315T MARCH 2025 FINAf4ciAL REVIEW The attached Sta￿ment 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 h18hballkbal￿ee. batskilltere8tre¢eived iu theprior fjnanclalyear￿S £47,406. For this financial y¢ar the bank inter¢str¢ceiv￿ was£68,466. Other tban generdloverheads incurred. the charity awarded gra￿t5 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 I￿lieVe 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 RESPO￿sIBILITIEs The trustees are responsible for preparing the miitew, report and the finHllcial 5ta*ments it] accordance with appli￿b]e law and Lnited Kingdom A￿OUntIng Standards sucludillg Fillallcial Reporting Statsdard 102.. The Financial Reporting Standard appIl￿ble in the UK and R¢publi¢ of Ireland (LnIt￿ KtD8do]ll GEnE￿Il} 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 inco￿1[￿ resources and applicatio]k of resources of the charity for thatperiod. Jn prep￿Ing these fmancial statements, th¢ trystees are required to: sel¢ct suitable fftccountitig w)licies and rhen apply them Con￿s[e￿Ily. observe the methods and principles iti tbe Clwiues SORP and FRS IO2. make judgements and estill￿te5 that are rea3onable aod P￿den4 state u'heiher appli￿ble 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 t0p￿SUm£ thatthe ¢lwitable company will continue in iwsiJLesS. The trustee8 are respnsible for keeping sufficient accounting Ye£ords that di￿lOse with reasoDablE accuracy at ally t1￿¢ the F￿a￿claI 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 Ch￿lty trustecs on my Examination of the accoutLls of the cR￿lty 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 th￿te£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 tI￿t 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 eX￿tr,$ report My eXa￿]natIOn wa8 C9rried out iti accordance the general dittctions given by the Clwity Commissioner. An exa￿lI￿lI0￿ 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. IIJdepeude￿t exanthierg, &t4tem¢nt In COJJnf£tiou with oiy exarninatioll, no matter c0￿C 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 8￿Quat$ 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 E￿ENDr[LID5e within the objects of the charity. Debtor$ Sbort terni deb￿r5 are measured at tranwtion price, I¢sg aDy iD]pai￿L Credltors Short ternl creditors are measU￿d at transactionprice. The note8 forni part of these fjnanoial slatements Page 8 THE PENDLE FOUTr47)ATION F40TES TO THE FLYANCIAL 5TAT£I¥IEf4TS (COIYTINUKD) FOR THE YEAR Ef*DED 31ST.MARCH 2025 Accouf*TING POLICJIS (CONTINUED...) Signifieant judgements alld eslimate Preparation of the fmanC1￿ statements requirts Ma￿gernent 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 ￿￿oUn￿LGY 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 dunnglhey￿wert asfollows.. No Charitable ge￿ICeS 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 o1aoag￿￿t p¢rso])al have ￿ely￿1 neither remun6ratioll nor reimbursement of expenses during the peri(MJ. RESOLQiCES LVENDED Charitable acti￿￿e9 Ralslllg fullds 2025 2024 Grants payable (see note 6) Marketing advertising tnsuran¢e Accountsncy Legal and professional Bank cha￿eS 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 sallC￿ary 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 2￿lTr0 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&te￿ettts 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 knab￿ltieS 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