The Pennwocml Charitable Trust Financial Statements and Trustees. Report for the financial year ended 31 December 2023 Charity Number.. 108742
The Pennwood Charitable Trust Charity Number - 108742 Trustees Mr5 Fiona McFall Ms Leanne Hillock (Treasurer) Mr George Stanley Megahey Ichairl Ms Hazel Megahey ITrèasurerl Dr Michael Steele Ms jul Sleele Charity Number in Northem Ireland 108742 Principal Address Mills Sel 21 Arthur Street BT41 4GA Independent Examiners PGR Accountants Limited Chartered Accountants Unit 2 Channel Wharf 21 Old Channel Road BeKast Co. Antrirn BT3 9DE Northem Ireland
The Pennwood Charitable Trust Charity Number- 108742 Trustees Annual Report The trustees present their Tru5tees' Annual Report ar¥J the financial stat2tnents for the financial year ended 31 Decelnber 2023. The financi31 statements are prepared in accordance with the Chanbes Ad (Northem Ireland) 2008 as amended by the Charities Act INorthern Ireland) 2022. In this report the trustee5 of The Pennwo(xl Charitable Trust lo)r -the charity") Psent a summary of its purpose, governance, activiues, achievernents and finances lor the financial year 31 December 2023. Mission, Objectives and Strategy The Pennwocxl Charitable Trust Is established for exdusNety charilable purposes. natnely." The prevention 01 relief of poverty The advancement ol education The adwancement ol religion Structure. Govemance and Management Structuré The Pennwood Charitable Trust has a management committee of up to 6 Mernbe who meet 3t beast twi a year and are respon51ble lor the strategic direcb.on and policies of the charity. At present the char1ty has 6 members from a variety of professional background5 relevant to the woth ol the charity. A scheme of delegation Is In place and day to day responsibility of the services rests with George Stanley Megah8y (charity taunderl. Stanley is responsible lor ensijring the chaiity delivers the Servi specified and that key performance indicators are met. Governance The Trust Deed was 51gned on 2 December 2022. The chanty is corTrstiluted under this Trust Deed 3nd is govemed under thi5 deed. The charity has been registered with the Charty COmmin for Northern Ireland from 7th June 2022 under registration number 108742. Public Benefit The Trustees have had regard to Ihe Cornmission'5 Public benefit iequir8ment statutory guidance and It meets the requirements through its charitable PLJrposes as set out abave. The public benefits of the Charity are set out in the M155ion, Objectives and Strategy paragraph. Further detail Is available of the Charity Comrnission ol Northem Ireland website. Financial Review At the end of the finanal year the charity has a5set5 of £21.771 and IiabiliiiE5 of £0. The charity has perfomied in line with the Ttustees expectations.
The Pennwood Charitable Trust Charity Number- 108742 Trustees Annual Report Reserves Policy The Pennwood Charitable Trust aims lo maintain reseE5 in unre5tncted funds al a level eqUalent lo approximately six months ol core operating cost5. These reserves ate a conlingency which awn to." Protect the luture operation of The Pennwood Charitabte Trust frorn eftects of any unforeseen variations In income and expendrtule. The reserves policy and kvels of reserves rUired are reWed yèarfy as part of the annual budget3ry pfDC£SS. Trustees The Trustees who served throughout the financial year were as folk)ws." Mrs Fiona McFall M5 Leayne Hillock Mr George Stanley Megahey Ms Hazel Megahey Dr fvlichaÈl Steèlè Ms JulE Steele Approved by the Trustee5 on I,lo.L nd signed on its behalf by.. eorge Chair anley egahey Hazel Megahey Treasurer Leanne Hillock Treasurer