Penuel Children's Foundation
Accounts
for the year ended 18 October 2025
Charity number 101028
Penuel Children's Foundation
Statement of Financial Activities (Including Summary Income and Expenditure Account) for the year ended 18 October 2025
| Unrestricted Restricted Funds Funds 2025 2025 Income from: Notes £ £ Donation income 2 43,303 - Total income 43,303 - Expenditure on: Charitable activities 2 ) (26,896 - Costs of governance 2 ) (1,774 - Total expenditure ) (28,670 - Net income before transfers 14,633 - Transfer between funds - - Net incoming resources 14,633 - Fund balances brought forward 2 7,953 - Fund balances carried forward 2 22,586 - |
Year Total 2025 £ 43,303 43,303 ) (26,896 ) (1,774 ) (28,670 14,633 - 14,633 7,953 22,586 |
Year Total 2024 £ 30,733 30,733 ) (48,963 ) (611 ) (49,574 ) (18,841 - ) (18,841 26,794 7,953 |
|---|---|---|
All of the above results are derived from continuing activities.All gains and losses recognised in the year are included above.
Penuel Children's Foundation
| Balance sheet as at 18 October 2025 2025 Notes £ £ Current assets Cash at bank and in hand 22,586 22,586 Net current assets 22,586 Net assets 22,586 Capital and reserves Unrestricted funds 2 22,586 General funds 22,586 |
2024 £ 7,953 7,953 |
£ 7,953 |
|---|---|---|
| 7,953 | ||
| 7,953 | ||
| 7,953 |
The financial statements were approved by the Trustees on 24 November 2025 and authorised for issue.
Trustee
Penuel Children's Foundation
Notes to the financial statements
for the year ended 18 October 2025
.................... continued
1. Accounting policies
1.1. Basis of preparation
The accounts have been prepared in accordance with the charity's Memorandum and Articles of Association and "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 published in October 2019". The charity is a Public Benefit Entity as defined by FRS 102.
1.2. Fund Accounting
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.
Designated funds are unrestricted funds earmarked by the directors for particular purposes.
Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal
1.3. Resources
Incoming resources
All incoming resources are included in the SOFA when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
Donations are included as income when they are received. No amounts are included in the financial statements for services donated by volunteers.
Resources expended
All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs relating to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with use of the resources.
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Penuel Children's Foundation
Notes to the financial statements
for the year ended 18 October 2025
.................... continued
2. Programme Funds:
| Balance | Incoming | Outgoing | Balance | ||||
|---|---|---|---|---|---|---|---|
| 19 October | Resources | Resources | Transfers 18 | October 2025 | |||
| 2024 | |||||||
| Funds | |||||||
| Mihlali | 4,212 | 30,594 | (16,318 | ) | (10,596 | ) | 7,892 |
| Starfish | 3,741 | 12,709 | (12,352 | ) | 10,596 | 14,694 | |
| Total funds | 7,953 | 43,303 | (28,670 | ) | - | 22,586 |
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