The Pennard Community Charlty Report and Flnanclal Statements Perlod Ended 31st March 2024 1-2 Trustees Annual Report Independent Examiners Report Receipts and Payments Account Statement of Assets and Liabllities Schedule of Charitable Awards
The Pennard Communlty Charlty Trustees Annual Report Name of Charlty: The Pennard Community Charity Southgate, Swansea Place: Charlty Commlssion Number: 700431 Governing Instrument: th Scheme of 11 December 1987 Trustees: Trustee Job Address Appointed LYNDA JAMES CITY COUNCILLOR 39, PENNARD ROAD, KIThLE th 30 November 2022 JEAN MARNELL RETIRED 20, EASTERFIELD DRIVE, SOUTHGATE 4thJune 2020 th Reslgned 17 Aprll 2023 ROY PHELPS RETIRED 19, EASTERFIELD DRIVE, SOUTHGATE 30 September 2022 Rellnquished I January 2024 $t DR JONATHAN RANCE COMPANY DIRECTOR 24, EASTERFIELD DRIVE, SOUTHGATE th 12 September 2023 FAY CORNELIUS TAX ADVISOR 56 PENNARD ROAD, KirfLE, SA3 3JY 7th February 2024 EMMA KAMIO COMPANY DIRECTOR Hillsboro, Sandy Lane, Parkmlll, SA3 2EW 7th February 2024 DAVID WINTLE RETIRED 6, BENDRICK DRIVE, SOUTHGATE 15tJanuary 2021 HILARY WOLFE RETIRED 18, EASTERFIELD DRIVE, SOUTHGATE th 8 November 2022 WILL SMITH 46 BURROWS CLOSE, PENNARD 15 December 2022 KEITH ATKINS RETIRED 69A PENNARD ROAD, SOUTHGATE 27 February 2023 KATHRINE DRAKE 9 8endrick Drlve, Southgate, SA3 2AL 26° April 2023
The Pennard Communlty Charlty Trustees Annual Report th The Charity's objectives are as outlined in the Governing Instrument dated 11 December 1987. The strategic policy of the Charity is to work within the parameters of the Governing Instrument whilst maintalning an inflatlon proofed fund to preserve its value and potential earning power in real ternis year on year. The Charity's Investment Portfollo is currently managed by Charles Stanley and the Investment and Current Accounts are at Lloyd5 8ank. th The Investment funds have been under the management of Charles Stanley from 30 January 2023. Since this time the fund value has increased by £13,600 and is set up to provide an income of 3% annually. A donatlon of £14.946 was received by the Charlty from the organisation 'Friends of Pennard Llbrar¢. This donatlon Is to be used to support grants appllcations In allgnment with the grant disperslon conditions stipulated in the Charitvs Governing Instrument. Those organSsations and indlvlduals to whom funds have been dispersed and the amounts awarded are listed In Page 6 of the accounts. The accounts will be presented to the Trustees for approval at the 17th April 2024 meeting. The Principal Officers currently acting on behalf of the Charity are: . Dr. Jonathan Rance, Chalrman and Mrs Lynda James. Secretary and its advisors are: . Bankin8 and Investment Lloyds Bank and Charles Stanley Solicitors T R Harris Arnold & Co, Swansea Signed on behalf of the Board of Trustees Chairman DATE Dr. Jonathan Rance
The Pennard Communlty Charity INDEPENDENT EXAMINERS REPORT I report on the Accounts prepared for the Period Ended 31, March 2024 incorporating the Receipts and Payment5 Account on Page 4; the Statement of Assets and Llabilities on Page 5; and the Schedule of Awards on Page 6. Responslbllftles oAthe Trustees and Examlner As the Trustees you consider that the Charity is not required by law nor its governing body to have an audlt. It is therefore my responsibility to conduct an Independent examination of the accounts in accordance with directions given by the Companies Act 2006 (°the 2006 Act'l. Basls of Independent Examlners Report My examination included a revlew of the accounting records kept by the Charity and a comparison thereof w5th the accounts prepared from them. It also Included consideratlon of any unusual items or dlsclosures in the accounts seekln8 explanatlons from the Trustees. The procedures undertaken do not provide all the evidence required in an audit and, consequently, I do not express an audit opinion on the view given by the accounts. Independent Examlner s Statement During the examination no matter came to my attentlon which:_ caused me to belleve In any materlal aspect that the accountlng records kept and the accounts prepared there from did not comply with the requirements of the Charities Acts nor Sn my opinion, required me to draw attention to any item to enable a proper understanding of the accounts to be reached. Independent Examlner Name: John Bennett Si8nature.' Date: Address: 56 Southgate Road, Southgate Swansea
The Pennard Community Charlty Recelpts and Payment Account Period from I" April 2023 to 31" March 2024 2024 2023 ReceSpts Investment Income 12,099 Bank Interest 10,171. 17 12,117 Sale Proceeds on DlsposaS of Investment 8,205 288,610 Donation FOPL 14,946 Total 33,322 300,726 Payments AdmlnlstratSon Costs Bank Charges 4,815 / 2,436 Insurance 104 128 Sundry Expenses 106 5,025 215 2,779 Charitable Avrdrds 15,147 13,034 Purchase of Investments 101,220 209.301 Total 121,392 225,114 Net Cash (Payments) Receipts for Perlod 188,070) / 75,612 Cash at Bank at Beginning of period 112,564 37,383 Cash at Bank at End of period 24,494 112,564
The Pennard Communlty Charlty Statement of Assets and Llabllltles 31st March 2024 31st March 2023 Cash Funds 24,494 112,564 Investment Assets In Managed Portfolio at Market Value Fixed Interest UK Equities Internatlonal Equlty Funds Property Funds Other Funds 97,173 97,378 102,693 16,268 43,397 54,445 81,014 75,986 15,328 17,951 Total 356,909 244,724 Total Assets 381,403 / 357,288 Llabilitles Nll
The Pennard Communlty Charlty Schedule of Charlty Awards Period from I"April 2023 to 31" March 2024 Awards Approved and Paid PCC PEFfA Scheme PCP Bunting Kate Mcmurdo Hannah Henwood Southgate Archery Communlty Bus Oliver Watkins 2,500 500 6,347 650 300 4,500 350 Total 15,147