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← Petrus Community

2025-03-31-accounts

Charity registration number 510904 (England and Wales)

Company registration number 01523836

PETRUS COMMUNITY

(A COMPANY LIMITED BY GUARANTEE)

ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

PETRUS COMMUNITY (A COMPANY LIMITED BY GUARANTEE) LEGAL AND ADMINISTRATIVE INFORMATION

Trustees S Stubbs
L Dixon
J R W Wood
Dr M R Birkett
Secretary J Vincent
Senior management Sonia Denham Charity director
Charity number (England and Wales) 510904
Company number 01523836
Registered office The Foundry
42 Henry Street
Liverpool
Merseyside
L1 5AY
Auditor Mitchell Charlesworth (Audit) Limited
Suites C,D,E, & F
14th Floor The Plaza
100 Old Hall Street
Liverpool
L3 9QJ
Bankers NatWest Bank PLC
2-8 Church Street
Liverpool
Merseyside
L1 3BG
Solicitors Weightmans LLP
100 Old Hall Street
Liverpool
Merseyside
L3 9QJ

PETRUS COMMUNITY (A COMPANY LIMITED BY GUARANTEE) CONTENTS

Page
Trustees' report 1 - 6
Independent auditor's report 7 - 11
Statement of financial activities 12 - 13
Balance sheet 14
Notes to the financial statements 15 - 35

PETRUS COMMUNITY (A COMPANY LIMITED BY GUARANTEE) TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)

FOR THE YEAR ENDED 31 MARCH 2025

The trustees present their annual report and financial statements for the year ended 31 March 2025.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)".

Objectives and activities

The Charity's principal objectives as set out in the Memorandum of Association are the relief of poverty, sickness, and old age; in particular (but without in any way limiting the generality of the foregoing words) for the relief of poverty of persons who by reason of mental or physical infirmity are unable to fulfil their duties as citizens or their obligations to their employers.

Petrus assists and supports a wide range of people in housing need and aims to develop their skills, independence, and choice by providing good quality supported housing and associated services. During the year the Charity continued to provide this, working wherever possible to improve its level of service and standards.

The aim of the charity is to undertake a broad range of work and activity which contributes to achieving our vision of 'Together we will end homelessness and create safe paces where all people can flourish'. As a community- based organisation working to reduce homelessness and support vulnerable adults with complex needs, experiencing multiple disadvantage we are acutely aware of the impact of health, wellbeing and safe, secure housing on the outcomes of people in the boroughs within which we work. The importance of tackling barriers to good health and wellbeing to end homelessness is a key area of focus for the charity.

We work to offer a diverse range of frontline services to adults to relieve hardship and distress amongst homeless people and people in need. Our objectives of the year to work towards achieving our vision will be centred around providing Personalised Housing Plan homeless relief and prevention, Town centre outreach support, Women offenders service, Greater Manchester Housing First, Making Every Adult Matter Changing Futures, Green social prescribing, youth social prescribing, health and wellbeing activity and quality supported accommodation.

A further focus of our work is to campaign and break down stigma within communities surrounding the causes and effects of homelessness and influence positive prejudicial and policy change.

Public benefit

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

PETRUS COMMUNITY (A COMPANY LIMITED BY GUARANTEE) TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

Activities

Petrus is a dynamic charity striving to deliver its vision ‘Together we will end homelessness and provide safe spaces where all people can flourish’. Petrus’s work is focused on:

During 2024/25 Petrus rehoused 114 vulnerable people in its supported accommodation, provided services to 320 people in their own homes and supported 185 entrenched rough sleepers who visited the Hub, a day centre where people can access a range of other vital services.

The team continue to be a lead partner in the Housing First contract (delivery started in 2020) that operates across Greater Manchester and has provided strong evidence that community based crisis support alongside a stable home for the people that Petrus support is key to reducing rough sleeping and homelessness. In the last 5 years, Petrus has rehoused 91 people with 16 being in the past 12 months. The project will run for at least another 12 months with Petrus recently retendering for the contract and it is anticipated that future funding could come from central Government as part of the new national Homelessness Strategy

Petrus made a surplus in 2024/25 driven by the efficient management of all accommodation based services and through a portfolio of initiatives aimed at providing enrichment to the lives of those that Petrus serves.

Integration with the Regenda Homes Financial Inclusion team also produced good financial results. At year end, Petrus tenancy arrears were £85,576 or 2.5%. Collection rate was 104.4% against a target of 99.6%.

A poor payment history by one local authority partner did mean intensive work by the Petrus and Regenda Homes teams to recover rent and service charges but this issue was resolved and the arrears position exceeded targets set.

The Charity achieved 97% customer satisfaction with its overall services and was awarded 3 Stars in Best Companies for staff engagement.

Despite a challenging funding environment, turnover has increased over the past 2 years.

Financial review

The Charity's Statement of Financial Activities shows net income for the year 2024/25 of £247,372 (2024 - net income of £7,185).

. . At 31 March 2025, the Charity had restricted funds of £73,022 (2024 - £41,736), unrestricted funds of £855,834 (2024 - £639,748 ) and endowment funds of £114,769 (2024 - £114,769 )

Accumulated funds are maintained in accordance with the reserves policy detailed below in order to enable the Charity to ' continue and to develop. Details of fixed assets are given in notes 13 and 14. The directors consider that the Charity s assets are available and adequate on a fund by fund basis to fulfil the obligations of the Charity.

PETRUS COMMUNITY (A COMPANY LIMITED BY GUARANTEE) TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

Going concern

The Company's latest Business Plan including sensitivity analysis and stress testing, approved May 2025, demonstrates that the Company has sufficient cash facilities in place to meet all liabilities as they fall due for a period of at least 12 months from the approval of these financial statements.

After a thorough review considering the impact of inflation and the challenging economic environment on all assets, liabilities and commitments, management has identified that the main risk comes from a reduction in local authority grant funding which is likely to impact on some community based support services delivered by Petrus. The stress testing performed includes modelling the impact of a potential reduction in grant income.

The management team monitor this risk through the production of monthly management accounts and updates on subsidiary performance are also provided to the parent Board at each Board meeting. To mitigate this risk, a number of exit strategy reserves have been designated by Trustees to cover the costs associated with the suspension of related community based services whilst safeguarding the charity's ability to continue to maintain its high quality service provision of supported housing for homeless people with a variety of needs.

Based on this position the Board has a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future, being a period of at least twelve months after the date on which the report and financial statements are signed.

Reserves policy

The directors have reviewed the charity's need for reserves (unrestricted funds) in line with the guidance issued by the Charity Commission and have designated £396k (2024 - £412k) to meet the planned expenditure detailed in note 21 to the accounts.

The directors consider that, additionally, at least three months running costs should be retained to ensure that the Charity can run efficiently and meet the needs of its service users. After deducting designated funds, the balance of unrestricted (general) funds at the year-end met this target. This policy will be reviewed annually by the directors.

Investment policy

The Trustees regularly review where the charity's funds are invested and new accounts including fixed term deposits are opened periodically in order to ensure a competitive return is received.

Major risks

The directors have conducted a financial risk analysis of the major risks to which the Charity is exposed and systems have been established to mitigate those risks.

Internal risks are minimised by the implementation of procedures for the authorisation of all operational aspects of the charitable company. These procedures are periodically reviewed to ensure they still meet the needs of the charity. There is a written financial risk assessment which forms part of the organisation's business plan.

PETRUS COMMUNITY (A COMPANY LIMITED BY GUARANTEE) TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

Plans for future periods

The charity has a business plan that sets out its strategic aims and objectives for the next 3 years. Petrus will continue to delivery its primary activities to prevent homelessness whilst seeking opportunities to sustainably grow and meet the increasing demands on its services.

The Government should announce its national Homelessness Strategy in 2025/26 which will provide a clear sense of direction and clarity on funding for charities such as Petrus. This is expected to be launched alongside a strategy to reduce temporary housing and boost housing supply.

It is anticipated that having a long term vision by Government for eradicating homelessness will lead to new opportunities and will give Petrus the ability to grow further across the Northwest.

Petrus will focus efforts on fundraising and marketing to ensure that the charities brand is well recognised and fundraising becomes sustainable. This will be supported by a new Fundraising and Marketing Strategy which will be completed in early 2025/26.

Structure, governance and management

The charity is a company limited by guarantee and is registered as a Charity with the Charity Commission. The affairs of the Charity are governed by its Memorandum and Articles of Association. The Charity is a member of the Regenda Group.

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

R Gleave (Resigned 22 April 2025) S Stubbs L Dixon J R W Wood Dr M R Birkett

Recruitment and appointment of trustees

None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up.

Organisational structure

The Charity complies with the principal recommendations of the National Housing Federation's Code of Governance 2020 and Code of Conduct 2022.

The Charity is run by a council of management who are responsible for setting the strategic direction of the organisation and for established policy.

Overall responsibility for the day to day running of the Charity is delegated to Petrus Charity Director and managers, who reports to the Trustees Board Quarterly.

The trustees listed in the legal and administrative information page are also directors of the charity for the purposes of company law. The maximum period a trustee can serve is 9 years.

Petrus Trustees makes all major decisions affecting development, strategy, finance and personnel matters.

There is a Business Plan agreed by the Petrus Trustees and approved by the Regenda Group Board which is the parent company.

Paid managers can make decisions regarding the day to day operation of services within an agreed schedule of delegations.

PETRUS COMMUNITY (A COMPANY LIMITED BY GUARANTEE) TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

Induction and training of trustees

From time to time advertisements are placed in appropriate journals advertising Trustee vacancies.

There is a standard application pack, which includes information about the Charity, legal responsibilities, job descriptions and an application form, including reference requests. Potential new Trustees meet with the Chair of Petrus and Petrus Charity Director and also meet senior representatives from the Regenda Group (parent board) and can then be invited to attend a Petrus Board meeting in an observer role. References checks are carried out.

Prior to appointment to the Petrus Board, the application is considered by the parent board's Governance and Remuneration Committee for final approval to the parent board.

Training for trustees are available and includes health and safety, charity law, safeguarding and finance.

Useful information is available for new trustees on the Charity Commission website, particularly in the section "Guidance for Trustees and Charity Advisers".

Remuneration policy

The Trustees regularly review the remuneration of senior staff using NJC scales as a guide.

Statement of trustees' responsibilities

The trustees, who are also the directors of Petrus Community for the purpose of company law, are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.

In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Auditor

In accordance with the company's articles, a resolution proposing that Mitchell Charlesworth (Audit) Limited be reappointed as auditor of the company will be put at a General Meeting.

PETRUS COMMUNITY (A COMPANY LIMITED BY GUARANTEE) TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

Disclosure of information to auditor

Each of the trustees has confirmed that there is no information of which they are aware which is relevant to the audit, but of which the auditor is unaware. They have further confirmed that they have taken appropriate steps to identify such relevant information and to establish that the auditor is aware of such information.

The trustees' report was approved by the Board of Trustees.

J R W Wood

Trustee

4 September 2025

PETRUS COMMUNITY (A COMPANY LIMITED BY GUARANTEE) INDEPENDENT AUDITOR'S REPORT

TO THE MEMBERS OF PETRUS COMMUNITY

Opinion

We have audited the financial statements of Petrus Community (the ‘charity’) for the year ended 31 March 2025 which comprise the statement of financial activities, the balance sheet and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities 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 concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity’s 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 sections of this report.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of our audit:

PETRUS COMMUNITY (A COMPANY LIMITED BY GUARANTEE) INDEPENDENT AUDITOR'S REPORT (CONTINUED)

TO THE MEMBERS OF PETRUS COMMUNITY

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the directors' report included within the trustees' report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the statement of trustees' responsibilities, the trustees, who are also the directors of the charity for the purpose of company law, are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

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 error, 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 material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

PETRUS COMMUNITY (A COMPANY LIMITED BY GUARANTEE) INDEPENDENT AUDITOR'S REPORT (CONTINUED)

TO THE MEMBERS OF PETRUS COMMUNITY

Extent to which the audit was considered capable of detecting irregularities, including fraud

We identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and then design and perform audit procedures responsive to those risks, including obtaining audit evidence that is sufficient and appropriate to provide a basis for our opinion.

Identifying and assessing potential risks related to irregularities

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, we considered the following:

As a result of these procedures, we considered the opportunities and incentives that may exist within the organisation for fraud and identified the greatest potential for fraud in the following areas:

(i) The presentation of the charity's Statement of Financial Activities, (ii) revenue recognition (iii) the overstatement of salary and other costs. In common with all audits under ISAs (UK), we are also required to perform specific procedures to respond to the risk of management override.

We also obtained an understanding of the legal and regulatory framework that the charity operates in, focusing on provisions of those laws and regulations that had a direct effect on the determination of material amounts and disclosures in the financial statements. The key laws and regulations we considered in this context included the UK Companies Act and the Statement of Recommended Practice - 'Accounting and Reporting by Charities' issued by the joint SORP making body.

In addition, we considered provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance with which may be fundamental to the charity’s ability to operate or to avoid a material penalty. These included Safeguarding and Data Protection Regulations.

PETRUS COMMUNITY (A COMPANY LIMITED BY GUARANTEE) INDEPENDENT AUDITOR'S REPORT (CONTINUED)

TO THE MEMBERS OF PETRUS COMMUNITY

Audit response to risks identified

As a result of performing the above, we identified the presentation of the charity's Statement of Financial Activities, revenue recognition and overstatement of wages and other costs as the key audit matters related to the potential risk of fraud. The key audit matters section of our report explains the matters in more detail and also describes the specific procedures we performed in response to those key audit matters.

In addition to the above, our procedures to respond to risks identified included the following:

We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https:// www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Use of our report

This report is made solely to the charitable company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

PETRUS COMMUNITY (A COMPANY LIMITED BY GUARANTEE) INDEPENDENT AUDITOR'S REPORT (CONTINUED)

TO THE MEMBERS OF PETRUS COMMUNITY

Louise Casey (Senior Statutory Auditor)

For and on behalf of Mitchell Charlesworth (Audit) Limited, Statutory Auditor Accountants

Suites C,D,E, & F 14th Floor The Plaza

100 Old Hall Street Liverpool L3 9QJ

4 September 2025

PETRUS COMMUNITY (A COMPANY LIMITED BY GUARANTEE) INDEPENDENT AUDITOR'S REPORT (CONTINUED)

TO THE MEMBERS OF PETRUS COMMUNITY

Current financial year
Unrestricted
funds
2025
Notes
£
Income and endowments from:
Donations and legacies
3
33,687
Charitable activities
4
2,093,158
Investments
5
24,382
Other income
6
6,425
Total income and endowments
2,157,652
Expenditure on:
Charitable activities
7
1,939,467
Total expenditure
1,939,467
Net income
218,185
Transfers between funds
(2,099)
Net movement in funds
9
216,086
Reconciliation of funds:
Fund balances at 1 April 2024
639,748
Fund balances at 31 March 2025
855,834		 Restricted
Endowment
funds
funds
2025
2025
£
£
38,799
-
487,090
-
-
-
-
-
525,889
-
496,702
-
496,702
-
29,187
-
2,099
-
31,286
-
41,736
114,769
73,022
114,769		 Total
2025
£
72,486
2,580,248
24,382
6,425
2,683,541
2,436,169
2,436,169
247,372
-
247,372
796,253
1,043,625		 Total
2024
£
96,050
3,910,657
24,463
5,220
4,036,390
4,029,205
4,029,205
7,185
-
7,185
789,068
796,253

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

PETRUS COMMUNITY (A COMPANY LIMITED BY GUARANTEE) INDEPENDENT AUDITOR'S REPORT (CONTINUED)

TO THE MEMBERS OF PETRUS COMMUNITY

Prior financial year
Unrestricted
funds
2024
Notes
£
Income and endowments from:
Donations and legacies
3
65,749
Charitable activities
4
3,389,907
Investments
5
21,120
Other income
6
5,220
Total income and endowments
3,481,996
Expenditure on:
Charitable activities
7
3,422,049
Total expenditure
3,422,049
Net income/(expenditure) and movement in funds
59,947
Reconciliation of funds:
Fund balances at 1 April 2023
579,801
Fund balances at 31 March 2024
639,748		 Restricted
Endowment
funds
funds
2024
2024
£
£
30,301
-
520,750
-
-
3,343
-
-
551,051
3,343
607,156
-
607,156
-
(56,105)
3,343
97,841
111,426
41,736
114,769		 Total
2024
£
96,050
3,910,657
24,463
5,220
4,036,390
4,029,205
4,029,205
7,185
789,068
796,253

PETRUS COMMUNITY (A COMPANY LIMITED BY GUARANTEE) BALANCE SHEET

AS AT 31 MARCH 2025

Notes
Fixed assets
Tangible assets
14
Current assets
Debtors
15
Cash at bank and in hand
Creditors: amounts falling due within one year
16
Net current assets
Total assets less current liabilities
The funds of the charity
Endowment funds
19
Restricted income funds
20
Unrestricted funds - general
21
Unrestricted funds - designated		 2025
£
278,750
1,196,492
1,475,242
(906,088)		 £
474,471
569,154
1,043,625
114,769
73,022
459,470
396,364
1,043,625		 2024
£
273,936
962,994
1,236,930
(914,030)		 £
473,353
322,900
796,253
114,769
41,736
227,505
412,243
796,253

The financial statements were approved by the trustees on 4 September 2025

J R W Wood Trustee

Company registration number 01523836 (England and Wales)

PETRUS COMMUNITY (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1 Accounting policies

Charity information

Petrus Community is a private company limited by guarantee incorporated in England and Wales. The registered office is The Foundry, 42 Henry Street, Liverpool, Merseyside, L1 5AY.

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)". The charity is a Public Benefit Entity as defined by FRS 102.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, unless otherwise stated in the relevant accounting policy.

The Charity has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland"

This information is included in the consolidated financial statements of Regenda Group as at 31 at March 2025 and these financial statements may be obtained from its registered office: The Foundry, 42 Henry Street, Liverpool, L1 5AY.

The principal accounting policies adopted are set out below.

PETRUS COMMUNITY (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

1 Accounting policies

(Continued)

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

The Company's latest Business Plan including sensitivity analysis and stress testing, approved May 2025, demonstrates that the Company has sufficient cash facilities in place to meet all liabilities as they fall due for a period of at least 12 months from the approval of these financial statements.

After a thorough review considering the impact of inflation and the challenging economic environment on all assets, liabilities and commitments, management has identified that the main risk comes from a reduction in local authority grant funding which is likely to impact on some community based support services delivered by Petrus. The stress testing performed includes modelling the impact of a potential reduction in grant income.

The management team monitor this risk through the production of monthly management accounts and updates on subsidiary performance are also provided to the parent Board at each Board meeting. To mitigate this risk, a number of exit strategy reserves have been designated by Trustees to cover the costs associated with the suspension of related community based services whilst safeguarding the charity's ability to continue to maintain its high quality service provision of supported housing for homeless people with a variety of needs.

Based on this position the Board has a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future, being a period of at least twelve months after the date on which the report and financial statements are signed.

1.3 Charitable funds

General unrestricted funds are available to spend on activities that further any of the purposes of Charity

Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose.

Restricted funds have been provided to the charity for particular purposes, and it is the policy of the board of trustees to carefully monitor the application of those funds in accordance with the restrictions placed upon them.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.

The principal endowment funds comprises a legacy received in 2005. The trustees have the discretion to spent the capital (an expendable endowment), but their intention is to maintain the capital and use the investments income arising from the benefits of homeless people under the terms of the legacy.

Investment income, gains and losses are allocated to the appropriate fund.

PETRUS COMMUNITY (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

1 Accounting policies

(Continued)

1.4 Income

All income is accounted for on a receivable basis. Any grants whose use is restricted by the granter to some future accounting period are accounted for as deferred income until the restriction has been satisfied.

Income from investments represents interest from bank deposits. Interest on funds held on deposit is recognised when receivable and the amount can be measured reliably by the Charity, this is normally upon notification of the interest paid or payable by the bank.

Any voluntary income received by way of donations and gifts is included in full in the Statement of Financial Activities when receivable. The value of services provided by volunteers is not included

The value of services provided by volunteers is not included.

1.5 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.

Expenditure is recognised on accrual basis and includes attributable irrecoverable VAT.

Direct costs are attributable to the charitable activities.

Support costs are those functions that assist the work of the Charity but do not directly undertake charitable activities, these include back office costs, finance, personnel, payroll and governance costs. Support costs have been allocated across the charitable activities based on staff numbers across three key charitable activities and this is consistent with the use of resources.

Governance costs are centralised across the Group.

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold improvements 5% straight line basis Fixtures and fittings 25% straight line basis Computers 25% straight line basis

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

Tangible fixed assets costing £500 or more are capitalised.

1.7 Cash and cash equivalents

Cash and cash equivalents include cash in hand, short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

PETRUS COMMUNITY (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

1 Accounting policies

(Continued)

1.8 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.9 Taxation

As a registered Charity the company is generally exempt from Corporation Tax and Capital Gains Tax on its charitable activities but not from VAT. Irrecoverable VAT is included in the costs of those items to which it relates.

1.10 Retirement benefits

Contributions in respect of the charity's defined contribution pension benefit schemes are charged as an expense to the Statement of Financial Actitivies for the year in which they are payable to the scheme as they fall due.

The assets of the scheme are held separately from those of the Charity in a separately administered fund.

1.11 Debtors

Short term debtors are measured at transaction price, less any impairment.

1.12 Creditors

Short term trade creditors are measured at the transaction price.

PETRUS COMMUNITY (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

2 Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Critical judgements

Tangible fixed assets are depreciated over their useful lives taking into account residual values, where appropriate. The actual lives of the assets and residual values are assessed annually.

3 Income from donations and legacies

Unrestricted
Restricted
funds
funds
2025
2025
£
£
Corporate donations
20,255
27,790
Events
8,563
5,009
Individual donations
2,615
-
Gift aid
2,254
-
Trust & foundations
-
6,000
33,687
38,799		 Total
Unrestricted
Restricted
funds
funds
2025
2024
2024
£
£
£
48,045
27,796
27,609
13,572
20,734
600
2,615
9,023
2,092
2,254
1,196
-
6,000
7,000
-
72,486
65,749
30,301		 Total
2024
£
55,405
21,334
11,115
1,196
7,000
96,050

PETRUS COMMUNITY (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

4 Income from charitable activities

Unrestricted
funds
2025
£
Unrestricted funds
Short Term Accomodation - Commissioned Service
151,864
Performance related grants
229,469
Rents, service charges and management fees
1,711,825
2,093,158		 Restricted
funds
2025
£
-
487,090
-
487,090		 Total
Unrestricted
funds
2025
2024
£
£
151,864
370,680
716,559
211,814
1,711,825
2,807,413
2,580,248
3,389,907		 Restricted
funds
2024
£
-
520,750
-
520,750		 Total
2024
£
370,680
732,564
2,807,413
3,910,657

PETRUS COMMUNITY (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

4 Income from charitable activities

(Continued)

Performance related grants analysis

Unrestricted
funds
Restricted funds
2025
2025
£
£
Rochdale Homelessness Prevention Service
211,814
-
GMWSA
-
66,832
Gaddums
-
24,588
Innovation Fund
-
10,322
Town Centre Outreach
-
40,066
Housing First
-
277,768
Social Prescribing
-
-
Changing Futures
-
44,800
GMEF
-
-
Other Grant
-
-
Young People Social Prescribing
-
-
Horticulture Health Programme
-
-
Hospital Discharge
-
17,447
Nature for
16,603
-
CF Personal
-
5,000
Wider Essen/ Action Together
-
267
Boadfield
1,052
-
229,469
487,090		 Total
Unrestricted
funds
Restricted funds
2025
2024
2024
£
£
£
211,814
211,814
-
66,832
-
66,905
24,588
-
24,588
10,322
-
23,604
40,066
-
27,215
277,768
-
237,461
-
-
100
44,800
-
49,219
-
-
19,750
-
-
5,000
-
-
35,105
-
-
17,000
17,447
-
14,803
16,603
-
-
5,000
-
-
267
-
-
1,052
-
-
716,559
211,814
520,750		 Total
2024
£
211,814
66,905
24,588
23,604
27,215
237,461
100
49,219
19,750
5,000
35,105
17,000
14,803
-
-
-
-
732,564

PETRUS COMMUNITY

(A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

(Continued)

Charitable trading income

The rents, service charges and management fees line in the table is predominately made up of service charges.

PETRUS COMMUNITY (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

5 Income from investments

Unrestricted Endowment Total Unrestricted Endowment Total
funds funds funds funds
2025 2025 2025 2024 2024 2024
£ £ £ £ £ £
Interest receivable 24,382 - 24,382 21,120 3,343 24,463

6 Other income

Unrestricted Unrestricted
funds funds
2025 2024
£ £
Other income 6,425 5,220

PETRUS COMMUNITY (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

7 Expenditure on charitable activities

Accomodation
provision
Hub projectsOther projects
2025
2025
2025
£
£
£
Direct costs
Staff costs
427,787
228,490
321,828
Depreciation and impairment
6,565
96
38,110
Premises
566,774
21,706
3,003
Agency staff & recruitment
6,253
9,470
3,018
Food & household
12,066
8,830
-
Residential participation
576
-
-
Other direct costs
3,839
5,587
47,964
1,023,860
274,179
413,923
Share of support and governance costs (see note 8)
Support
427,281
224,504
72,422
1,451,141
498,683
486,345
Analysis by fund
Unrestricted funds - general
-
-
-
Restricted funds
-
-
-
-
-
-		 Total
Accomodation
provision
Hub projectsOther projects
2025
2024
2024
2024
£
£
£
£
978,105
918,684
255,710
388,705
44,771
20,208
23,272
34,771
591,483
1,147,935
30,809
2,063
18,741
124,169
68
4,920
20,896
25,515
9,209
-
576
3,400
-
-
57,390
6,783
12,807
50,764
1,711,962
2,246,694
331,875
481,223
724,207
581,647
106,636
281,130
2,436,169
2,828,341
438,511
762,353
1,939,467
-
-
-
496,702
-
-
-
2,436,169
-
-
-		 Total
2024
£
1,563,099
78,251
1,180,807
129,157
34,724
3,400
70,354
3,059,792
969,413
4,029,205
3,422,049
607,156
4,029,205

PETRUS COMMUNITY (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

7 Expenditure on charitable activities

(Continued)

Total expenditure on charitable activities for the year was £2,436,169 (2024 - £4,029,205) of which £1,939,467 was unrestricted (2024 - £3,422,049), £496,702 was restricted (2024 £607,156) and £Nil (2024 - £Nil) related to endowed funds.

Support costs have been allocated across the charitable activities based on staff numbers across three key charitable activities as this is consistent with the use of resources.

Governance costs are centralised across the Group. Petrus' governance costs comprise audit fees and legal, professional & consultancy fees, as identified above.

Regenda Limited charges the charity for a range of services including Governance as part of the intra- group charge.

This is included in expenditure on charitable activities

8 Support costs allocated to activities

Accomodation
provision
Hub projects
Other
2025
2025
£
£
Staff costs
109,037
57,291
Agency staff & recruitment
1,208
635
Audit fees
7,649
4,019
Legal, professional & consultancy
2,282
1,199
Other support costs
307,105
161,360
427,281
224,504
Net movement in funds
The net movement in funds is stated after charging/(crediting):
Fees payable to the charity's auditor:
- for the audit of the charity's financial statements
- for other financial services
Depreciation of owned tangible fixed assets		 projects
2025
£
18,481
204
1,297
386
52,054
72,422		 Total
2025
£
184,809
2,047
12,965
3,867
520,519
724,207
2025
£
11,465
1,500
56,738		 Total
2024
£
144,952
690
16,706
21,789
785,276
969,413
2024
£
16,706
1,850
65,638

9 Net movement in funds

10 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.

During the year ended 31 March 2025, no Trustee expenses have been incurred (2024 - £Nil).

PETRUS COMMUNITY (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

11 Employees

The average monthly number of employees during the year was:

Accomodation services
HUB Projects
Other Projects
Management and administration
Total
Employment costs
Wages and salaries
Social security costs
Other pension costs		 2025
Number
29
15
5
4
53
2025
£
1,018,908
98,203
45,804
1,162,915		 2024
Number
30
6
15
4
55
2024
£
1,632,274
51,033
24,744
1,708,051

There were no employees whose annual remuneration was more than £60,000.

Remuneration of key management personnel

The remuneration of key management personnel was as follows:

2025 2024
£ £
Aggregate compensation 204,461 208,185

Key management personnel of the charity comprise the Petrus Charity Director (Sonia Denham) and the Service Leads (Liz Valley, Karen Tyner and Toni Baker).

12 Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

PETRUS COMMUNITY (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

13 Intangible fixed assets

Intangible fixed assets
Website
Development
£
Cost
At 1 April 2024 and 31 March 2025 9,871
Amortisation and impairment
At 1 April 2024 and 31 March 2025 9,871
Carrying amount
At 31 March 2025 -
At 31 March 2024 -

14 Tangible fixed assets

14
Tangible fixed assets
Leasehold
improvements
Fixtures and
fittings
£
£
Cost
At 1 April 2024
375,619
484,013
Additions
3,628
16,843
At 31 March 2025
379,247
500,856
Depreciation and impairment
At 1 April 2024
169,027
245,485
Depreciation charged in the year
28,240
9,334
At 31 March 2025
197,267
254,819
Carrying amount
At 31 March 2025
181,980
246,037
At 31 March 2024
206,592
238,528
15
Debtors
Amounts falling due within one year:
Trade debtors
Amounts owed by fellow group undertakings
Other debtors
Prepayments and accrued income		 Computers
£
68,337
37,385
105,722
40,104
19,164
59,268
46,454
28,233
2025
£
123,741
3,049
5,652
146,308
278,750		 Total
£
927,969
57,856
985,825
454,616
56,738
511,354
474,471
473,353
2024
£
196,748
-
22,244
54,944
273,936

PETRUS COMMUNITY (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

16 Creditors: amounts falling due within one year

Notes
Other taxation and social security
Deferred income
17
Trade creditors
Amounts owed to fellow group undertakings
Other creditors
Accruals
Amounts owed to group undertakings are interest free and repayable on demand.
The bad debt charge in the year was £103,129 (2024: £453,577).		 2025
£
29,087
122,253
153,806
17,515
309,846
273,581
906,088		 2024
£
-
17,447
204,473
363,254
11,685
317,171
914,030

17 Deferred income

Other deferred income
Deferred income is included in the financial statements as follows:
Deferred income is included within:
Current liabilities
Movements in the year:
Deferred income at 1 April 2024
Released from previous periods
Resources deferred in the year
Deferred income at 31 March 2025
18
Retirement benefit schemes
Defined contribution schemes
Charge to profit or loss in respect of defined contribution schemes		 2025
£
122,253
2025
£
122,253
17,447
(17,447)
122,253
122,253
2025
£
45,804		 2024
£
17,447
2024
£
17,447
73,614
(73,614)
17,447
17,447
2024
£
24,744

PETRUS COMMUNITY (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

18 Retirement benefit schemes

(Continued)

The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.

At the year end the outstanding balance for the payable contribution were £10,243 (2024: £10,950) reported in creditors.

19 Endowment funds

Endowment funds represent assets which must be held permanently by the charity. Income arising on the endowment funds can be used in accordance with the objects of the charity and is included as unrestricted income. Any capital gains or losses arising on the assets form part of the fund.

At 1 April 2024 Incoming At 31 March
resources 2025
£ £ £
Permanent endowments
Endowment Funds 114,769 - 114,769
Previous year: At 1 April 2023 Incoming At 31 March
resources 2024
£ £ £
Permanent endowments
Endowment funds 111,426 3,343 114,769

The endowment fund principally comprises a legacy received in 2005. The trustees have the discretion to spend the capital (an expendable endowment), but their intention is to maintain the capital and use the investment income arising for the benefit of homeless people under the terms of the legacy.

PETRUS COMMUNITY (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

20 Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

At 1 April 2024 Incoming Resources Transfers At 31 March
resources expended 2025
£ £ £ £ £
Horticulture Health Programme 2,204 - 3 - 2,207
Gaddums 4,266 24,588 (24,223) - 4,631
Innovation Fund 811 10,322 (6,747) - 4,386
Young Person Social Prescribing - - 3 - 3
Changing Futures / MEAM 19,467 44,800 (44,102) - 20,165
Tatton - 38,799 (25,520) - 13,279
GM Women's Alliance 5,656 66,831 (65,630) - 6,857
Action Together 560 267 (667) - 160
Hospital Discharge Pilot 4,131 17,447 (17,773) - 3,805
GMEF - Environment Fund 1,999 - (88) - 1,911
Nature Based Health Coaching 220 - - - 220
Town Centre Outreach 1,748 40,066 (28,160) - 13,654
Housing First - 267,220 (267,220) - -
Housing First - Crisis Fund (6,021) 10,549 (11,394) 6,021 (845)
Housing First - Peer Activity 3,922 - - (3,922) -
Bee Curious Minds 2,526 - (2,526) - -
Food Solutions 247 - 138 - 385
Changing Futures, Personal - 5,000 (2,796) - 2,204
41,736 525,889 (496,702) 2,099 73,022

PETRUS COMMUNITY (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

20 Restricted funds (Continued)
Previous year: At 1 April 2023 Incoming Resources Transfers At 31 March
resources expended 2024
£ £ £ £ £
Various immaterial funds - 6,954 (6,954) - -
Horticulture Health Programme - 17,000 (14,796) - 2,204
Gadums 6,146 24,588 (26,468) - 4,266
Innovation Fund - 23,604 (22,793) - 811
Young Person Social Prescribing 10,940 35,105 (49,170) 3,125 -
Changing Futures/ MEAM 19,645 49,218 (49,396) - 19,467
Tatton - 18,847 (15,929) (2,918) -
GM Women's Alliance 24,498 67,505 (86,347) - 5,656
Action Together 560 - - - 560
Hospital Discharge Pilot - 14,803 (10,672) - 4,131
Housing First - 228,508 (228,508) - -
PIER - GMCA 9,053 100 (381) (8,772) -
GMEF - Environmental Fund 19,750 19,950 (46,502) 8,801 1,999
Nature Based Health Coaching - 700 (480) - 220
Town Centre Outreach - 27,215 (25,467) - 1,748
Housing First - 3,000 (2,753) - 247
Housing First - Crisis Fund 2,248 968 (9,237) - (6,021)
Housing First - Peer Activity 5,000 - (1,078) - 3,922
Housing First - Tenant - 7,986 (7,986) - -
Thriving Communities 1 - 235 (236) -
Bee Curious Minds - 5,000 (2,474) - 2,526
97,841 551,051 (607,156) - 41,736

PETRUS COMMUNITY (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

20 Restricted funds

(Continued)

Town Centre Initiative - To help boost business and create a more vibrant town town centre in the Rochdale borough.

Housing First - Initiative to provide safe and secure homes to vulnerable people.

HUB - Women's Alliance - To provide support services to women offenders and those at risk of offending.

HUB - Gaddums - To provide 1:1 support to clients with complex need to enable them to access mainstream services.

Project - Volunteering - Training and development of volunteers.

Thriving Communities - The funds will be used to support the active delivery of the social prescribing programme in particular sessional delivery costs and taster sessions provided by local VCSE groups to increase access and awareness of social prescribing in Rochdale. These would fall into the categories of sports and leisure,finance and advice, nature and environment and arts and culture. All activities that will be provided are based on consultation with clients who would access the service who have been disproportionately impacted by Covid to support health and wellbeing.

NASP matched funding - Networking building partnerships, link working with GM partners and Network. Promotional activity in surgery, wider community, working across all lead venues delivering coproduced sessional activity. This is match funding for Thriving Communities and during the year a transfer was made to combine the funds.

Seasonal activities - £2k food vouchers received from Aldi specifically for the Christmas period.

Horticulture Health Programme - We are delivering strand 1 of the funding stream for the GM Nature For Health programme which is to develop and deliver social and therapeutic horticulture to individuals with severe mental health needs through a referral programme in partnership with the Community Mental Health Team.

Innovation Fund - Training and development of volunteers.

Hospital Discharge Pilot - The Greater Manchester Homelessness Action Network (GMHAN) and the GM VCSE Hospital Discharge. Alliance (via 10GM) are working together to pilot a new intervention aimed at improving hospital discharge experiences for people who face homelessness.

Extended Saturday Service - To facilitate the Hub opening on a Saturday for service users.

Nature Based Health Coaching - Picnic at the PIER, to cover the cost of food/drink and utensils etc.

Bee Curious Minds - To deliver a series of horticultural therapy workshops to pupils at Wardle Academy High School as part of the Bee Well in high schools pilot.

Food Solutions - Delivery of horticulture sessions at the hub with the men's group.

PIER - GMCA - Networking building partnerships, link working with GM partners and Network. Promotional activity in surgery, wider community, working across all lead venues delivering coproduced sessional activity.

Young Person Social Prescribing - Recruitment of Young Person's Link Worker and delivery of social prescribing service with and for young people at Hopwood Hall College in Rochdale over the college’s two sites. Includes support for activity delivery with local organisations. This is a universal intervention for young people in years 12 and 13 and young adult learners.

Changing Futures / MEAM - 2x MEAM worker posts, Individual level – Lasting change and improved outcomes for adults experiencing multiple disadvantage.

Tatton - Providing funds for garden competition.

PETRUS COMMUNITY (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

20 Restricted funds

(Continued)

Housing First - Tenants - Initiative to provide safe and secure homes to vulnerable people.

Action Together - Funding received to host a volunteer celebration event. The event thanked and celebrated the volunteers for their commitment to Petrus and highlighted the impact their time has on the community. This was also a 'graduation' celebration for the service users having completed Project 5, a training programme delivered in partnership with TLF.

Housing First - Peer Activity - Housing First is delivered in partnership across Greater Manchester. Petrus, along with other partner agencies have delivery responsibility for Bury, Bolton and Rochdale and zone lead responsibility for these areas. Housing First is a model of delivery prioritising access to good quality affordable housing with permanent, wrap around support emphasising choice and control sitting with the service user rather than service provider.

GMEF - Environmental Fund - Partially funding social prescribing activity for wellbeing at PIER, local medical surgeries and supported accommodation.

PETRUS COMMUNITY (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

21 Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1
Designated funds
Property repairs reserve
Staff Training
Service Charges
Hub Exit Strategy
ICT Investments
General ICT
General Funds
Previous year:
At 1
Designated funds
Property repairs reserve
Staff Training
Service Charges
Hub Exit Strategy
Head Office Relocation
ICT Investment
General ICT
Westgate
General funds		 April 2024
£
239,591
6,849
39,157
90,714
30,757
5,175
227,505
639,748
April 2023
£
247,402
6,849
57,938
90,714
22,644
33,442
-
-
120,812
579,801		 Incoming
resources
Resources
expended
£
£
-
(6,827)
-
-
18,781
(18,781)
-
-
-
-
13,982
(19,164)
2,124,889
(1,894,695)
2,157,652
(1,939,467)
Incoming
resources
Resources
expended
£
£
-
(7,811)
-
-
-
(18,781)
-
-
-
(23,222)
-
(2,685)
-
(15,825)
-
(12,612)
3,481,996
(3,341,113)
3,481,996
(3,422,049)		 Transfers
At 31 March
2025
£
£
-
232,764
-
6,849
-
39,157
26,887
117,601
(30,757)
-
-
(7)
1,771
459,470
(2,099)
855,834
Transfers
At 31 March
2024
£
£
-
239,591
-
6,849
-
39,157
-
90,714
578
-
-
30,757
21,000
5,175
12,612
-
(34,190)
227,505
-
639,748

Unrestricted general funds - Funds which are available for use or retention at the discretion of the directors, in accordance with the trust’s objects.

Unrestricted designated funds - Trustees have chosen to redesignate a number of reserves during the year which support the growth and long term sustainability of the charity.

PETRUS COMMUNITY (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

22 Analysis of net assets between funds

Unrestricted
funds
2025
£
At 31 March 2025:
Tangible assets
474,471
Current assets/(liabilities)
381,363
855,834
Unrestricted
funds
2024
£
At 31 March 2024:
Tangible assets
473,353
Current assets/(liabilities)
166,395
639,748		 Restricted
Endowment
funds
funds
2025
2025
£
£
-
-
73,022
114,769
73,022
114,769
Restricted
Endowment
funds
funds
2024
2024
£
£
-
-
41,736
114,769
41,736
114,769		 Total
2025
£
474,471
569,154
1,043,625
Total
2024
£
473,353
322,900
796,253

23 Related party transactions

Regenda Limited, the parent company, had intercompany charges of £356,906 (2024 - £513,061) with Petrus Community.

M&Y (Regenda Partnership) Limited, a company under common control, had intercompany, charges of £8,118 (2024 - £Nil) to Petrus Community.

Amount owed by group undertakings at year end was £3,049 (2024 - £Nil). Amount owed to group undertakings at year end was £17,515 (2024: (£363,254)).

24 Controlling party

The Charity's immediate and ultimate parent company is Regenda Limited, a company incorporated in England and Wales with the registered office of The Foundry, 42 Henry Street, Liverpool, L1 5AY.

As at 31 March 2025 the largest and smallest group in which the results are consolidated is that headed by Regenda Limited. The consolidated accounts of the company are available to the public and may be obtained from its registered office: The Foundry, 42 Henry Street, Liverpool, L1 5AY. No other group accounts include the results of the charity.