REGISTERED CHARITY NUMBER: 263223
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31st March 2025
for
PENZANCE AND WEST PENWITH OLD PEOPLES
Welfare Trust
Trading as Pengarth Day Centre
West - Chartered Accountants
Suite K, Priest House
1624 High Street
Knowle
Solihull
West Midlands
B93 0JU
PENZANCE AND WEST PENWITH OLD PEOPLES
Welfare Trust
Trading as Pengarth Day Centre
Contents of the Financial Statements
for the Year Ended 31st March 2025
|
Page |
Report of the Trustees |
1 to 2 |
Independent Examiner's Report |
3 |
Statement of Financial Activities |
4 |
Balance Sheet |
5 |
Notes to the Financial Statements |
6 to 10 |
Detailed Statement of Financial |
|
Activities |
11 |
PENZANCE AND WEST PENWITH OLD PEOPLES
Welfare Trust
Trading as Pengarth Day Centre
Report of the Trustees for the Year Ended 31st March 2025
Thetrusteespresenttheirreportwiththefinancialstatementsofthe charity
fortheyearended31stMarch2025.Thetrusteeshaveadoptedtheprovisions of
AccountingandReportingbyCharities:StatementofRecommended Practice
applicabletocharitiespreparingtheiraccountsinaccordancewith the
FinancialReportingStandardapplicableintheUKandRepublicofIreland (FRS
102) (effective 1 January 2019).
PengarthDayCentreisacharitabletrustrunningadaycentreforpeople in
theirlatefiftiesonwards,providingsomewheresafeandwelcomingforpeople to
meetsocially,reducinglonelinessandisolation,whichcanleadtoillness and
depression.Thevariousservicesproviderespiteandpeaceofmindto their
carers and to their families, some of whom may be working or living away.
OBJECTIVES AND ACTIVITIES Objectives and aims
Pengarthprovidesafreshhotmealcookedfromlocalingredientsinour own
kitchenseverydayandtransporttothedaycentreisalsoprovided.The centre
providesmanytherapiesandactivitiesover7daysaweekandisstill involved
insupportingpeoplewhohavebeendischargedfromlocalhospitalswith a
package of care.
Asubstantialproportionofourrunningcostswerecoveredbycontributions from
clientsbutwealsoappreciatethefundingthatwehavereceivedfroma number
ofgrantsanddonations.Inthelightofthis,weendeavortokeepour prices
affordableforeveryone.Wearelookingforwardtothenextfinancialyear, when
wehopetoincreaseattendanceagain,whichwillmeanlessrelianceon grant
funding.TheTrusteesaregratefultoPenzanceTownCouncilandall grant
providersforenablingPengarthDayCentretocontinuetobeavaluable resource
supportingvulnerableolderpeople,inthePenzanceandWestPenwitharea of
Cornwall, throughout the year.
AsTrusteesweareproudoftheeffortsofourstaffandvolunteerswho have
workedsohardduringthepastyeartoensurethateveryonewassupported in
someway,beingofferedwelfarevisitsandcallsorshopping, prescription
deliveries and meals.
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
Thecharityiscontrolledbyitsgoverningdocument,adeedoftrust and
constitutes an unincorporated charity.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 263223
Principal address
Pengarth
Morrab Gardens
Penzance
Cornwall
TR18 4DA
Trustees
N Clark Chair
G Roberts Trustee
C Harrold Trustee
M Cotton
Ms C J Rowe
Page 1
PENZANCE AND WEST PENWITH OLD PEOPLES
Welfare Trust
Trading as Pengarth Day Centre
Report of the Trustees
for the Year Ended 31st March 2025
REFERENCE AND ADMINISTRATIVE DETAILS
Independent Examiner
West - Chartered Accountants
Suite K, Priest House
1624 High Street
Knowle
Solihull
West Midlands
B93 0JU
Approvedbyorderoftheboardoftrustees on
............................................. and signed on its behalf by:
..............................
N Clark - Trustee
Page 2
Independent Examiner's Report to the Trustees of
PENZANCE AND WEST PENWITH OLD PEOPLES
Welfare Trust
Independent examiner's report to the trustees of PENZANCE AND WEST PENWITH OLD PEOPLES Welfare Trust
Ireporttothecharitytrusteesonmyexaminationoftheaccountsof PENZANCE
ANDWESTPENWITHOLDPEOPLESWelfareTrust(theTrust)fortheyear ended
31st March 2025.
Responsibilities and basis of report
AsthecharitytrusteesoftheTrustyouareresponsibleforthepreparation of
theaccountsinaccordancewiththerequirementsoftheCharitiesAct2011 ('the
Act').
IreportinrespectofmyexaminationoftheTrust'saccountscarriedout under
Section145oftheActandincarryingoutmyexaminationIhavefollowed all
applicableDirectionsgivenbytheCharityCommissionunderSection145(5)(b) of
the Act.
Independent examiner's statement
Sinceyourcharity'sgrossincomeexceeded£250,000yourexaminermustbe a
memberofalistedbody.IcanconfirmthatIamqualifiedtoundertake the
examinationbecauseIamamemberoftheInstituteofCharteredAccountants in
England and Wales, which is one of the listed bodies.
Ihavecompletedmyexamination.Iconfirmthatnomaterialmattershavecome to
myattentioninconnectionwiththeexaminationgivingmecausetobelieve that
in any material respect:
1.accountingrecordswerenotkeptinrespectoftheTrustasrequired by
Section 130 of the Act; or
2. the accounts do not accord with those records; or
3.theaccountsdonotcomplywiththeapplicablerequirementsconcerning the
formandcontentofaccountssetoutintheCharities(Accounts and
Reports)Regulations2008otherthananyrequirementthattheaccounts give
atrueandfairviewwhichisnotamatterconsideredaspartof an
independent examination.
Ihavenoconcernsandhavecomeacrossnoothermattersinconnectionwith the
examinationtowhichattentionshouldbedrawninthisreportinorderto enable
a proper understanding of the accounts to be reached.
Susan West
The Institute of Chartered Accountants in England and Wales
West - Chartered Accountants
Suite K, Priest House
1624 High Street
Knowle
Solihull
West Midlands
B93 0JU
Date: .............................................
Page 3
PENZANCE AND WEST PENWITH OLD PEOPLES
Welfare Trust
Trading as Pengarth Day Centre
Statement of Financial Activities for the Year Ended 31st March 2025
2025
Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
186,041
Charitable activities
Charitable Activities
28,013
Other trading activities
2
210,512
Total
424,566
EXPENDITURE ON
Raising funds
3
12,066
Charitable activities
Charitable Activities
382,671
Total
394,737
NET INCOME/(EXPENDITURE)
29,829
RECONCILIATION OF FUNDS
Total funds brought forward
232,693
TOTAL FUNDS CARRIED FORWARD
262,522 |
2024
Total
funds
£
76,234
43,606
201,680
321,520
8,695
315,011
323,706
(2,186)
234,879
232,693 |
|
|
The notes form part of these financial statements
Page 4
PENZANCE AND WEST PENWITH OLD PEOPLES
Welfare Trust
Trading as Pengarth Day Centre
Balance Sheet 31st March 2025
2025
Unrestricted
fund
Notes
£
FIXED ASSETS
Tangible assets
6
216,661
CURRENT ASSETS
Stocks
7
382
Debtors
8
17,185
Cash at bank
28,294
45,861
CREDITORS
Amounts falling due within one
year
9
-
NET CURRENT ASSETS
45,861
TOTAL ASSETS LESS CURRENT
LIABILITIES
262,522
NET ASSETS
262,522
FUNDS
10
Unrestricted funds
262,522
TOTAL FUNDS
262,522 |
2024
Total
funds
£
188,809
522
13,544
33,800
47,866
(3,982)
43,884
232,693
232,693
232,693
232,693 |
|
|
ThefinancialstatementswereapprovedbytheBoardofTrusteesand authorised
forissueon.............................................andweresigned on
its behalf by:
.............................................
N Clark - Trustee
The notes form part of these financial statements
Page 5
PENZANCE AND WEST PENWITH OLD PEOPLES
Welfare Trust
Trading as Pengarth Day Centre
Notes to the Financial Statements
for the Year Ended 31st March 2025
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
Thefinancialstatementsofthecharity,whichisapublicbenefit entity
underFRS102,havebeenpreparedinaccordancewiththeCharities SORP
(FRS102)'AccountingandReportingbyCharities:Statementof Recommended
Practiceapplicabletocharitiespreparingtheiraccountsin accordance
withtheFinancialReportingStandardapplicableintheUKandRepublic of
Ireland(FRS102)(effective1January2019)',FinancialReporting Standard
102'TheFinancialReportingStandardapplicableintheUKandRepublic of
Ireland'andtheCharitiesAct2011.Thefinancialstatementshave been
prepared under the historical cost convention.
Income
AllincomeisrecognisedintheStatementofFinancialActivitiesonce the
charityhasentitlementtothefunds,itisprobablethattheincome will
be received and the amount can be measured reliably.
Expenditure
Liabilitiesarerecognisedasexpenditureassoonasthereisalegal or
constructiveobligationcommittingthecharitytothatexpenditure,it is
probablethatatransferofeconomicbenefitswillberequired in
settlementandtheamountoftheobligationcanbemeasured reliably.
Expenditureisaccountedforonanaccrualsbasisandhasbeen classified
underheadingsthataggregateallcostrelatedtothecategory.Where costs
cannotbedirectlyattributedtoparticularheadingstheyhave been
allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciationisprovidedatthefollowingannualratesinorderto write
off each asset over its estimated useful life.
Stocks
Stocksarevaluedatthelowerofcostandnetrealisablevalue, after
making due allowance for obsolete and slow moving items.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestrictedfundscanbeusedinaccordancewiththecharitable objectives
at the discretion of the trustees.
Restrictedfundscanonlybeusedforparticularrestrictedpurposes within
theobjectsofthecharity.Restrictionsarisewhenspecifiedbythe donor
or when funds are raised for particular restricted purposes.
Furtherexplanationofthenatureandpurposeofeachfundisincluded in
the notes to the financial statements.
continued...
Page 6
PENZANCE AND WEST PENWITH OLD PEOPLES
Welfare Trust
Trading as Pengarth Day Centre
Notes to the Financial Statements - continued for the Year Ended 31st March 2025
2. OTHER TRADING ACTIVITIES
Refreshments
Day Care
3.
RAISING FUNDS
Investment management costs
Property repairs
Maintenance charges |
2025
£
81,013
129,499
210,512
2025
£
4,429
7,637
12,066 |
2024
£
103,192
98,488
201,680
2024
£
2,226
6,469
8,695 |
|
|
|
4. TRUSTEES' REMUNERATION AND BENEFITS
Therewerenotrustees'remunerationorotherbenefitsfortheyear ended
31st March 2025 nor for the year ended 31st March 2024.
Trustees' expenses
Therewerenotrustees'expensespaidfortheyearended31stMarch 2025
nor for the year ended 31st March 2024.
5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
INCOME AND ENDOWMENTS FROM |
Unrestricted
fund
£ |
Donations and legacies |
76,234 |
Charitable activities |
|
Charitable Activities |
43,606 |
Other trading activities |
201,680 |
Total |
321,520 |
EXPENDITURE ON |
|
Raising funds |
8,695 |
Charitable activities |
|
Charitable Activities |
315,011 |
Total |
323,706 |
NET INCOME/(EXPENDITURE) |
(2,186) |
RECONCILIATION OF FUNDS |
|
Total funds brought forward |
234,879 |
continued...
Page 7
PENZANCE AND WEST PENWITH OLD PEOPLES
Welfare Trust
Trading as Pengarth Day Centre
Notes to the Financial Statements - continued
for the Year Ended 31st March 2025
5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
TOTAL FUNDS CARRIED FORWARD
6.
TANGIBLE FIXED ASSETS
Freehold
Plant and
property
machinery
£
£
COST
At 1st April 2024
336,286
10,209
Additions
-
-
At 31st March 2025
336,286
10,209
DEPRECIATION
At 1st April 2024
153,865
10,209
Charge for year
5,650
-
At 31st March 2025
159,515
10,209
NET BOOK VALUE
At 31st March 2025
176,771
-
At 31st March 2024
182,421
-
7.
STOCKS
Stocks
8.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
Prepayments and accrued income |
Unrestricted
fund
£
232,693
Motor
vehicles
Totals
£
£
7,986
354,481
39,000
39,000
46,986
393,481
1,598
165,672
5,498
11,148
7,096
176,820
39,890
216,661
6,388
188,809
2025
2024
£
£
382
522
2025
2024
£
£
13,012
13,544
4,173
-
17,185
13,544 |
|
|
continued...
Page 8
PENZANCE AND WEST PENWITH OLD PEOPLES
Welfare Trust
Trading as Pengarth Day Centre
Notes to the Financial Statements - continued for the Year Ended 31st March 2025
9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
|
|
|
2025 |
2024 |
|
|
|
£ |
£ |
|
Trade creditors |
|
- |
3,982 |
10. |
MOVEMENT IN FUNDS |
|
|
|
|
Unrestricted funds |
At 1.4.24
£ |
Net
movement
in funds
£ |
At
31.3.25
£ |
|
General fund |
232,693 |
29,829 |
262,522 |
|
TOTAL FUNDS |
232,693 |
29,829 |
262,522 |
|
Net movement in funds, included in the above are as follows: |
|
|
|
|
Unrestricted funds |
Incoming
resources
£ |
Resources
expended
£ |
Movement
in funds
£ |
|
General fund |
424,566 |
(394,737) |
29,829 |
|
TOTAL FUNDS |
424,566 |
(394,737) |
29,829 |
|
Comparatives for movement in funds |
|
|
|
|
Unrestricted funds |
At 1.4.23
£ |
Net
movement
in funds
£ |
At
31.3.24
£ |
|
General fund |
234,879 |
(2,186) |
232,693 |
|
TOTAL FUNDS |
234,879 |
(2,186) |
232,693 |
|
Comparative net movement in funds, included in the above are as follows: |
|
|
|
|
Unrestricted funds |
Incoming
resources
£ |
Resources
expended
£ |
Movement
in funds
£ |
|
General fund |
321,520 |
(323,706) |
(2,186) |
|
TOTAL FUNDS |
321,520 |
(323,706) |
(2,186) |
continued...
Page 9
PENZANCE AND WEST PENWITH OLD PEOPLES
Welfare Trust
Trading as Pengarth Day Centre
Notes to the Financial Statements - continued
for the Year Ended 31st March 2025
10. MOVEMENT IN FUNDS - continued
Acurrentyear12monthsandprioryear12monthscombinedpositionis as
follows:
Unrestricted funds
General fund
TOTAL FUNDS |
At 1.4.23
£
234,879
234,879 |
Net
movement
in funds
£
27,643
27,643 |
At
31.3.25
£
262,522
262,522 |
|
|
|
|
Acurrentyear12monthsandprioryear12monthscombinednetmovement in
funds, included in the above are as follows:
Unrestricted funds
General fund
TOTAL FUNDS |
Incoming
Resources
resources
expended
£
£
746,086
(718,443)
746,086
(718,443) |
Movement
in funds
£
27,643
27,643 |
|
|
|
11. RELATED PARTY DISCLOSURES
Therewerenorelatedpartytransactionsfortheyear ended
31st March 2025.
Page 10
PENZANCE AND WEST PENWITH OLD PEOPLES
Welfare Trust
Trading as Pengarth Day Centre
Detailed Statement of Financial Activities for the Year Ended 31st March 2025
INCOME AND ENDOWMENTS
Donations and legacies
Donated services and facilities
Other trading activities
Refreshments
Day Care
Charitable activities
Charitable activities
Total incoming resources
EXPENDITURE
Investment management costs
Property repairs
Maintenance charges
Charitable activities
Wages
Rates and water
Insurance
Light and heat
Telephone
Postage and stationery
Sundries
Catering
Cleaning
MOW
Vehicles
Equipment
Entertainment
Training
Depreciation of tangible fixed
assets
Support costs
Finance
Bank charges
Total resources expended
Net income/(expenditure) |
2025
£
186,041
81,013
129,499
210,512
28,013
424,566
4,429
7,637
12,066
246,693
2,842
7,616
14,597
1,327
2,531
9,282
57,010
4,549
80
13,015
6,172
3,665
1,307
11,148
381,834
837
394,737
29,829 |
2024
£
76,234
103,192
98,488
201,680
43,606
321,520
2,226
6,469
8,695
185,309
2,693
6,227
13,982
1,774
1,856
10,238
50,370
4,720
770
20,834
3,828
1,986
412
9,289
314,288
723
323,706
(2,186) |
|
|
|
This page does not form part of the statutory financial statements
Page 11