``` 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 ```