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← Pennypit Community Development Trust

2025-06-30-accounts

PENNYPIT COMMUNITY DEVELOPMENT TRUST

ANNUAL REPORT AND ACCOUNTS

For the year ended 30 June 2025

Charity No. SC042187 Company No. SC401562

Whitelaw Wells Chartered Accountants

NORTH BERWICK

EDINBURGH

PENNYPIT COMMUNITY DEVELOPMENT TRUST

ANNUAL REPORT AND ACCOUNTS

For the year ended 30 June 2025

CONTENTS PAGE Annual Report of the Directors Independent Examiner’s Report Statement of Financial Activities Balance Sheet Notes to the Accounts

PENNYPIT COMMUNITY DEVELOPMENT TRUST

ANNUAL REPORT OF THE DIRECTORS

For the year ended 30 June 2025

The directors are pleased to present their annual directors’ report together with the financial statements of the charity for the year ending 30 June 2025, prepared in accordance with the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended), the Companies Act 2006, the 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 (FRS 102).

OBJECTIVES AND ACTIVITIES

Objectives of Pennypit Community Development Trust

The principal objectives of the Charity as defined in its Constitution are “to redevelop, improve and manage, or to assist in the development, improvement and management of, the Pennypit Park, Prestonpans, East Lothian in order to provide, or to assist in the provision of, facilities in the interest of social welfare or recreation and leisure time occupation with the object of improving the condition of life and advancing education, including physical education, of the inhabitants of the town of Prestonpans and wider East Lothian communities.”

Activities of Pennypit Community Development Trust

The charity directly carries out and provides a wide range of activities and services in the Preston Seton and Gosford, Fa'side and Musselburgh clusters, which contributes towards the objectives. Our agreement with East Lothian Council provides priorities in reducing poverty and inequalities, raising educational aspiration and attainment, developing our community and improving employability.

The Pennypit Community Development Trust will:

The Activities of the Pennypit Community Development Trust will be informed by discussion with Volunteer Centre East Lothian along with our partners including East Lothian Council Connected Communities.

The Charity employs a manager to coordinate and deliver work within the community and relies on sessional workers and volunteers to run the various programmes.

ACHIEVEMENTS AND PERFORMANCE

The Pennypit Trust works in partnership with East Lothian’s connected communities and education projects through school. We provide support within our local communities and work with targeted pupils out with a school setting. The 'Community in Schools' programme builds strong community ties with young people addressing attendance and low attainment. The programme improves literacy and numeracy in a smaller group setting helping to build better opportunities and reducing inequalities.

1

PENNYPIT COMMUNITY DEVELOPMENT TRUST

ANNUAL REPORT OF THE DIRECTORS (continued)

For the year ended 30 June 2025

ACHIEVEMENTS AND PERFORMANCE (continued)

The Pennypit Trust continues to support the over 60’s through our befriending project, connecting communities through food. This provides an essential role in connecting the community, helping to reduce isolation and loneliness. All activities support the older community to feel safe and valued.

All projects work on the same outcomes as defined in our objectives - tackling health, social and financial inequalities across our communities

FINANCIAL REVIEW

The charity generated total income of £451,490 (2024: £496,758) and recorded expenditure of £533,278 (2024: £541,288). There was net expenditure of £86,475 (2024: £76,287) on unrestricted funds and net income of £4,687 (2024: £31,757) on restricted funds.

Reserves Policy

As at the year-end total funds amounted to £134,584 (2024: £216,372), of which £170,663 (2024: £165,976) was restricted and deficit of £36,079 (2024: surplus £50,396) was unrestricted. The directors aim to hold free reserves to equal three months operating costs. This target reserve amounts to approximately £135,000. Free reserves, being unrestricted general funds which are not tied up as fixed assets, amounted to deficit of £44,783 (2024: surplus £37,649) as at the year end. Unrestricted free reserves are below the target level. The trustees are looking at the ways to increase the free reserves in the coming years and are actively considering new income streams. The Directors have initiated a full review of all activities to ensure that sufficient funding is in place to cover the full cost of each activity. This, along with the actions being undertaken to address the reserves deficit gives the Directors comfort that the charity can continue as a going concern.

Going concern

The Directors continue to closely monitor the charity’s position as a going concern in light of the deficit in general reserves at the end of the 2024/25 financial year. The charity has a longstanding relationship with East Lothian Council, and it is considered unlikely that this funding will cease in the foreseeable future. This, together with the actions being taken to address the reserves deficit, provides a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future.

Investment Policy

The Directors intend to retain the Charity’s unspent funds in cash and will continue to ensure that the best rate of interest is obtained in respect of these funds.

Risk Management

The trustees have assessed major risks to which the trust is exposed, those relating to the operations and finances of the trust and are satisfied that systems are in place to manage exposure to those risks.

2

PENNYPIT COMMUNITY DEVELOPMENT TRUST

ANNUAL REPORT OF THE DIRECTORS (continued)

For the year ended 30 June 2025

The Pennypit procedures addressing risk management are in place and will be discussed annually and actioned if needed. Risk Management will be a Standing Item on meeting Agendas with the risk register and any Action Plan being discussed regularly at Trust meetings.

PLANS FOR FUTURE PERIODS

The Pennypit Community Development Trust continues to connect with our local communities in the PSG, Fa’side and Musselburgh areas, supporting those in need. This includes accessing funding for the projects and developing relationships with like-minded partners. The directors and staff provide these services to deliver direct impact in our local community and continue to work towards our business strategy for future plans.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The Pennypit Community Development Trust was originally set up as an unincorporated association under a Constitution dating from 1992. On 23 March 2011, the Trust was granted charitable status. A company limited by guarantee was incorporated on 13 June 2011 and the operations of the Trust transferred to the company from 1 July 2011. It is constituted as a company limited by guarantee and is bound by its Memorandum and Articles of Association.

Organisational structure

The Charity is governed by a Board of Directors, who are Directors for the purpose of company law and Trustees for the purpose of charity law. Under the requirements of the Memorandum and Articles of Association the Directors are elected by the members to serve for a period of four years, after which they must be re-elected at the next Annual General Meeting.

The governing documents entitle Preston Lodge Rugby Club and Preston Athletic Football Club each to nominate two Directors. East Lothian Council are entitled to appoint two Councillors of East Lothian Council as ex officio Directors. Prestonpans Community Council is entitled to appoint a Community Councillor as Director. Up to three further Directors may be appointed by the members which must include a young person representative , whom are recruited via invitation or advertisement.

In general, Directors take overall financial and strategic planning responsibilities meeting approximately every two to three months to discuss matters such as policies, future activities and performance of the Charity. The day to day administrative and operational management is delegated by the Board to the key management staff.

Director induction and training

The individual training needs of the directors is assessed at induction and then periodically throughout the term of their appointment. They are given an induction pack and provided with online training.

Remuneration of key personnel

The directors consider that the key management personnel of the charity, in charge of directing, controlling and running the charity on a day to day basis, comprise the Board and the senior management team. All directors are volunteers and no director received remuneration in the year. Remuneration of senior staff tracks the processes of East Lothian Council and Scottish Local Government settlements.

3

PENNYPIT COMMUNITY DEVELOPMENT TRUST

ANNUAL REPORT OF THE DIRECTORS (continued)

For the year ended 30 June 2025

REFERENCE AND ADMINISTRATIVE INFORMATION

Company Number SC401562

Charity Number SC042187

Directors

Brian Weddell (Chair) Lesley Birrell (Secretary) Keith Crombie (Treasurer) Mark Fisher Donald Reid Thomas Shearer Colin Yorkston Brooke Ritchie

Secretary Lesley Birrell

Key Management Personnel Angela Davie Ruth Davie

Pennypit Manager Fundamental Foods Manager

Registered and Principal Office

The Pennypit Pagoda North Grange Avenue Prestonpans EH32 9BN

Independent Examiner

Louise Presslie CA Whitelaw Wells 9 Ainslie Place Edinburgh EH3 6AT

Bankers

Unity Trust Bank PO Box 7193 Planetary Road Willenhall WV1 9DG

4

PENNYPIT COMMUNITY DEVELOPMENT TRUST

ANNUAL REPORT OF THE DIRECTORS (continued)

For the year ended 30 June 2025

RESPONSIBILITIES OF THE DIRECTORS

Company law requires the board of directors to prepare financial statements for each financial year which give a true and fair view of the state of the affairs of the charitable company as at the balance sheet date and of its incoming resources and application of resources, including income and expenditure, for the financial year. In preparing those financial statements, the directors should follow best practice and:

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

This report has been prepared in accordance with the special provisions of part 15 of the Companies Act 2006 relating to small entities.

Approved by the Directors on 26 March 2026 and signed on behalf of the Directors by:

Brian Weddell Chair

5

PENNYPIT COMMUNITY DEVELOPMENT TRUST

INDEPENDENT EXAMINER’S REPORT TO THE DIRECTORS

I report on the financial statements For the year ended 30 June 2025, set out on pages 7 to 19.

Respective responsibilities of the Trustees and the Independent Examiner

The charity’s Trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). The charity’s Trustees consider that the audit requirement of Regulation 10(1) (a) to (c) of the Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under section 44(1) (c) of the Act and to state whether particular matters have come to my attention.

Basis of independent examiner’s report

My examination is carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006 (as amended). An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.

Independent examiner’s statement

In the course of my examination, no matter has come to my attention:

have not been met; or

The matter that has come to my attention relates to the disclosures in note 1 ‘Going Concern’. The level of unrestricted free reserves at the year end indicates the existence of a material uncertainty which may cast significant doubt about the charity’s ability to continue as a going concern. The financial statements do not include the adjustments that would result if the charity was unable to continue as a going concern.

Louise Presslie CA

Whitelaw Wells Chartered Accountants 9 Ainslie Place Edinburgh EH3 6AT

26 March 2026

6

PENNYPIT COMMUNITY DEVELOPMENT TRUST

STATEMENT OF FINANCIAL ACTIVITIES

For the year ended 30 June 2025

Unrestricted
Restricted
Note
Funds
Funds
£
£
Income and endowments from:
Donations and legacies
36,006
5,265
Charitable activities
Grants and service level agreements
2
103,012
302,843
Other trading activities
4,364
-
Total Income
143,382
308,108
Expenditure on:
Charitable activities
3
229,857
303,421
Total
229,857
303,421

Net expenditure and movement
in funds for the year
(86,475)
4,687
Reconciliation of funds:
Total funds brought forward
50,396
165,976
Total funds carried forward
9
(36,079)
170,663
 2025
Total
£
41,271
405,855
4,364
451,490
533,278
533,278

(81,788)
216,372
134,584
 2024
Total
£
50,161
431,396
15,201
496,758
541,288
541,288

(44,530)
260,902
216,372

There are no recognised gains or losses other than the results for the period as set out above.

All the activities of the company are classed as continuing.

The notes on pages 9 to 19 form an integral part of these accounts.

7

PENNYPIT COMMUNITY DEVELOPMENT TRUST (Company number: SC401562)

BALANCE SHEET

As at 30 June 2025

2025 2024
Notes £ £ £
FIXED ASSETS
Tangible assets 6 24,957 37,127
CURRENT ASSETS
Bank 91,953 194,241
Debtors and prepayments 7 36,655 5,243
128,608 199,484
CREDITORS
Amounts falling due within one year 8 (18,981) (20,239)
NET CURRENT ASSETS 109,627 179,245
NET ASSETS 10 134,584 216,372
FUNDS 9
Unrestricted – General Fund (36,079) 50,396
Restricted 170,663 165,976
134,584 216,372

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for year ended 30 June 2025. The members have not required the company to obtain an audit of financial statements in accordance with Section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for: (a) ensuring that the company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006.

(b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit or loss for each financial year in accordance with the requirement of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by the Board of Directors on 26 March 2026 and signed on their behalf by:

Brian Weddell, Chair

The notes on pages 9 to 19 form an integral part of these accounts.

8

PENNYPIT COMMUNITY DEVELOPMENT TRUST

NOTES TO THE ACCOUNTS

For the year ended 30 June 2025

1. ACCOUNTING POLICIES

Basis of accounting

The financial statements have been prepared in accordance with 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 (FRS102) (effective 1 January 2021) - (Charities SORP (FRS 102), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

The charity constitutes a public benefit entity as defined by FRS 102.

The charity has taken advantage of the exemption from the requirement to prepare a Statement of Cash Flows as permitted under FRS 102 and the Charities FRS 102 SORP.

Income

All income is included in the Statement of Financial Activities when the charity has entitlement and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:-

Expenditure

All expenditure is included on an accruals basis and is recognised when there is a legal or constructive obligation to pay for expenditure. The charitable company is not registered for VAT and accordingly expenditure is shown gross of irrecoverable VAT.

9

PENNYPIT COMMUNITY DEVELOPMENT TRUST

NOTES TO THE ACCOUNTS (continued)

For the year ended 30 June 2025

1. ACCOUNTING POLICIES (continued)

Tangible Fixed Assets

Assets are initially recorded at cost and only assets over £500 are capitalised. Depreciation is provided in annual instalments over the estimated useful lives of the assets. The rates of depreciation are as follows:-

Financial instruments

Financial instruments comprise financial assets and financial liabilities which are recognised when the charity becomes a party to the contractual provisions of the instrument. They are classified as “basic” in accordance with FRS102 s11 and are accounted for at the settlement amount due which equates to the cost. Financial assets comprise cash, prepayments and other debtors. Financial liabilities comprise accruals, other creditors and deferred grant income.

Unrestricted funds

Unrestricted funds are income receivable without specified purpose and are available as general funds.

Restricted funds

Restricted funds are subject to restrictions on their expenditure imposed by the donor or through terms of appeal.

Operating Leases

Costs incurred in respect of operating leases are charged to the Statement of Financial Activities on a straight-line basis over the life of the lease.

Pension

The charity operates a defined contribution scheme for the benefit of its employees. The assets of the scheme are held separately from those of the company in an independently administered fund. Contributions payable are charged to the Statement of Financial Activities in the year they are payable.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Going Concern

The accounts recorded a deficit for the year of £81,788, and unrestricted reserves were in deficit by £36,079 at the year end date. However, the Directors have initiated a full review of all activities to ensure that sufficient funding is in place to cover the full cost of each activity. Furthermore, the charity has a longstanding relationship with East Lothian Council, and it is considered unlikely that this funding will cease in the foreseeable future. As a result, the Directors believe that the charity will continue to be able to meet its liabilities as they fall due for a period of at least 12 months from the signing date of theses financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

10

PENNYPIT COMMUNITY DEVELOPMENT TRUST

NOTES TO THE ACCOUNTS (continued)

For the year ended 30 June 2025

1. ACCOUNTING POLICIES (continued)

Provisions

Provisions are recognised when the charity has a present obligation as a result of a past event, it is probable that a transfer of economic benefit will be required to settle the obligations and a reliable estimate can be made of the amount of the obligation.

2. GRANTS AND SERVICE LEVEL AGREEMENTS

Unrestricted
Restricted
Funds
Funds
£
£
East Lothian Council
4,012
124,645
East Lothian Council Service Level Agreement
99,000
-
Cash for Kids
-
23,800
Volunteer East Lothian
-
-
Volunteer East Lothian – Communities & wellbeing
-
26,317
East Lothian Foodbank
-
8,600
National Lottery Community Fund
-
45,000
Prestonpans Community Council
-
-
Arnold Clark
-
2,500
Edinburgh Airport
-
1,500
Longniddry Parish Church
-
1,475
Scottish Children Lottery
-
5,061
The Neighbourly
-
10,000
Quottro Consult
-
1,000
Siemens Energy
-
6,000
Foundation Scotland
-
-
Bank of Scotland Foundation
-
9,464
Dr Guthries's Association
-
-
Garfield Weston Foundation
-
-
Police Scotland
-
4,000
Tyne & Esk
-
21,332
Inch Cape Offshore Ltd
-
-
Lintel Trust
-
10,000
Tranent and Elphingstone Community Council
-
-
Walk with Scott Foundation
-
-
Grants < £1,000
-
2,149
103,012
302,843
 2025
Total
£
128,657
99,000
23,800
20,000
26,317
8,600
45,000
-
2,500
1,500
1,475
5,061
10,000
1,000
6,000
-
9,464
-
-
4,000
21,332
-
10,000
-
-
2,540
405,855
 2024
Total
£
166,304
99,000
23,025
20,000
14,650
-
48,863
1,250
-
-
-
-
-
-
-
2,000
9,464
1,000
8,000
3,000
16,300
1,500
10,000
1,500
3,000
2,540
431,396

Included above is restricted income of £302,843 (2024: £332,396). All other income was unrestricted in both the current and previous years.

11

PENNYPIT COMMUNITY DEVELOPMENT TRUST

NOTES TO THE ACCOUNTS (continued)

For the year ended 30 June 2025

3. EXPENDITURE

Direct costs
Salaries (Note 4)
Project expenditure
Support Costs
Insurance
Repairs and renewals
Telephone
Heat and light
Rent
Rates
Accountancy
Depreciation
Miscellaneous
Subscriptions
Travel costs
Cleaning
Staff training
Governance costs
Independent Examination fees		 Food
£
110,638
69,619
3,062
5,099
1,420
9,403
832
525
1,115
4,868
124
571
3,690
340
60
1,944
213,310		 Youth
Befriending Community
£
£
£
82,979
55,319
27,660
52,215
34,810
17,405
2,297
1,531
766
3,824
2,549
1,275
1,065
710
355
7,052
4,702
2,351
624
416
208
394
262
131
837
557
278
3,651
2,434
1,217
93
62
30
428
286
143
2,768
1,845
923
255
170
85
45
30
15
1,458
972
486
159,985
106,655
53,328
 Total
2025
£
276,596
174,049
7,656
12,747
3,550
23,508
2,080
1,312
2,787
12,170
309
1,428
9,226
850
150
4,860
533,278		 Total
2024
£
285,932
190,164
6,984
3,600
3,248
23,780
1,010
1,522
2,474
12,170
306
832
5,666
-
-
3,600

541,288

Included above is restricted expenditure of £303,421 (2024: £300,639). All other expenditure was unrestricted in both the current and previous years.

12

PENNYPIT COMMUNITY DEVELOPMENT TRUST

NOTES TO THE ACCOUNTS (continued)

For the year ended 30 June 2025

4. STAFF COSTS AND NUMBERS

Wages and salaries
Social Security costs
Pension costs		 2025
£
253,010
14,027
9,559

276,596
 2024
£
264,946
14,803
6,183
285,932

The average number of employees during the year, on a head count basis, was 14 (2024: 15).

During the year, the total employment benefits including employer pension contributions of the key management personal was £86,888 (2024: £80,876). No employee received remuneration of more than £60,000 in either the current or previous years, nor was any director reimbursed expenses or remunerated for services as a director.

5. NET INCOME / (EXPENDITURE) FOR THE YEAR

NET INCOME / (EXPENDITURE) FOR THE YEAR
2025 2024
This is stated after charging:- £ £
Depreciation 12,170 12,170
Independent Examiner’s remuneration: Independent examination fee 4,860 3,600
Other fees 2,787 2,474
Operating lease costs 6,889 4,657

13

PENNYPIT COMMUNITY DEVELOPMENT TRUST

NOTES TO THE ACCOUNTS (continued)

For the year ended 30 June 2025

6. FIXED ASSETS
Land &
Plant &
Buildings
Equipment
£
£
Cost
At 1 July 2024
58,710
776,622
Additions
-
-

At 30 June 2025
58,710
776,622

Depreciation
At 1 July 2024
58,710
739,495
Charge for the period
-
12,170

At 30 June 2025
58,710
751,665

Net Book Value
At 30 June 2025
-
24,957
At 30 June 2024
-
37,127
7. DEBTORS
2025
£
Prepayments
3,400
Trade debtors
33,255


36,655


8. CREDITORS
2025
£
Accruals
4,915
Other creditors
14,736
Trade creditors
158


19,809

 Total
£
835,332
-
835,332
798,205
12,170
810,375
24,957
37,127
2024
£
2,949
2,294
5,243
2024
£
7,940
12,299
-
20,239

14

PENNYPIT COMMUNITY DEVELOPMENT TRUST

NOTES TO THE ACCOUNTS (continued)

For the year ended 30 June 2025

9. MOVEMENT IN FUNDS

Unrestricted Funds
General funds
Restricted Funds
East Lothian Council – Area Partnership
East Lothian Council – Family worker
East Lothian Council – Other
East Lothian Council – Summer Holiday Food
Capital Fund
Community Support Fund
Befriending Fund
East Lothian Friendly Food Network Fund
Festive Provision
TOTAL FUNDS		 At
1 July
2024
£
50,396
6,374
35,000
-
-
24,380
61,677
10,740
27,805
-
165,976
216,372		 Income Expenditure
Transfers
£
£
£
143,382
(229,857)
-
20,372
(26,746)
-
9,360
(29,573)
-
49,193
(49,193)
-
20,000
(20,000)
-
-
(8,127)
-
107,325
(112,202)
-
19,417
(4,855)
-
62,552
(32,836)
-
19,889
(19,889)
-
308,108
(303,421)
-
451,490
(533,278)
-		 At
30 June
2025
£
(36,079)
-
14,787
-
-
16,253
56,800
25,302
57,521
-
170,663
134,584

The purposes of the restricted funds are as follows:

East Lothian Council – Area Partnership is funding towards youth club and lunch club costs.

East Lothian Council – Family worker is funding towards cost of family worker post.

East Lothian Council – Fareshare is funding towards the cost of food being delivered to the Fareshare hub by Cyrenians. The food is then distributed to East Lothian food hubs including the community pantry.

East Lothian Council – Other is funding towards supporting the community in various schools projects.

East Lothian Council – Summer Holiday Food – to provide funding for food, childcare and activities during the school holidays for children and families.

15

PENNYPIT COMMUNITY DEVELOPMENT TRUST

NOTES TO THE ACCOUNTS (continued)

For the year ended 30 June 2025

9. MOVEMENT IN FUNDS (continued)

Capital Fund represents the portion of fixed assets which have been funded by restricted capital grants. The assets include the buildings and ground works at Pennypit Trust and the five-a-side pitches and lighting upgrade.

Community Support Fund – Volunteer Centre East Lothian, East Lothian Foodbank, Chance to Connect, Groundwork, University of Edinburgh, Bauer Radio, Prestonpans Community Council, Neighbourly Food, Scottish Children Lottery, Tartan Army, The Pennypit Centre, Foundation Scotland, Bank of Scotland Foundation, Inch Cape Offshore Ltd and National Lottery Community provided funding for services related to the supply of food provisions to families and individuals in East Lothian.

Befriending Fund - National Lottery Fund, Volunteer Centre East Lothian (Community Mental Health Fund) and ELC (PSG area partnership) provided funding towards for employment of befriending coordinator, project costs and resources. This funding targeted social isolation and loneliness through various befriending provisions including Lunch with the bunch, walking football and Pennypit hot food deliveries. Also provided warm spaces and reintegration back into community.

East Lothian Friendly Food Network Fund – ELC, VCEL and TYNE and ESK provided funding of the employment of ELFFN coordinator and Fareshare Hub supervisor. Funding also supported a programme of training for members of the network and membership to the Fareshare Hub. VCEL provided Fundamental Foods funding towards the Fareshare hub. ELFFN supports food provisions across East Lothian to become a more sustainable food place to live.

Festive Provision - funding towards supporting whole communities during the Christmas and new year period to have food, toys and clothing. This funding is restricted to the PSG, Fa’side and Musselburgh wards.

16

PENNYPIT COMMUNITY DEVELOPMENT TRUST

NOTES TO THE ACCOUNTS (continued)

For the year ended 30 June 2025

9. MOVEMENT IN FUNDS (continued)

Unrestricted Funds
General funds
Restricted Funds
East Lothian Council – Area Partnership
East Lothian Council – Family worker
East Lothian Council – Fareshare
East Lothian Council – Other
Capital Fund
Community Support Fund
Befriending Fund
East Lothian Friendly Food Network Fund
Festive Provision
TOTAL FUNDS		 At
1 July
2023
£
126,683
6,374
26,357
2,727
-
32,507
8,850
13,328
44,076
-
134,219
260,902		 Income Expenditure
Transfers
£
£
£
164,362
(240,649)
-
38,664
(38,664)
-
35,000
(26,357)
-
11,345
(14,072)
-
50,323
(50,323)
-
-
(8,127)
-
97,852
(45,025)
-
14,650
(17,238)
-
67,272
(83,543)
-
17,290
(17,290)
-
332,396
(300,639)
-
496,758
(541,288)
-		 At
30 June
2024
£
50,396
6,374
35,000
-
-
24,380
61,677
10,740
27,805
-
165,976
216,372

17

PENNYPIT COMMUNITY DEVELOPMENT TRUST

NOTES TO THE ACCOUNTS (continued)

For the year ended 30 June 2025

10. ANALYSIS OF NET ASSETS BETWEEN FUNDS

As at 30 June 2025:
Unrestricted Restricted
Funds
Funds
£
£
Tangible fixed assets
8,704
16,253
Net current assets
(44,783)
154,410


(36,079)
170,663

As at 30 June 2024:
Unrestricted Restricted
Funds
Funds
£
£
Tangible fixed assets
12,747
24,380
Net current assets
37,649
141,596


50,396
165,976
 Total
Funds
£
24,957
109,627
134,584
Total
Funds
£
37,127
179,245
216,372

11. OPERATING LEASE COMMITMENTS

As at 30 June 2025 the total commitments under non-cancellable leases were as follows:-

Within one year 2025

£

4,734


4,734

 2024
£
4,658
4,658

18

PENNYPIT COMMUNITY DEVELOPMENT TRUST

NOTES TO THE ACCOUNTS (continued)

For the year ended 30 June 2025

12. PENSION SCHEME

The charity operates a defined contribution scheme for the benefit of its employees. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the Charity to the fund and amounted to £9,559 (2024: £6,183). The balance outstanding at the year-end is £7,563 (2024: £8,062).

13. RELATED PARTY TRANSACTIONS

The Trust enjoys a close working relationship with East Lothian Council, which is entitled to appoint two Councillors as trustees.

The Charity paid £2,350 (2024: £1,010) for lease of land from East Lothian Council, as described at note 3.

During the year the Charity also received £99,000 (2024: £99,000) from a service level agreement with East Lothian Council, and a further £128,657 (2024: £166,304) of grant funding for various projects.

No amount was owing to or from East Lothian Council at 30 June 2025 (2024: none).

14. COMPANY LIMITED BY GUARANTEE

The members have each agreed to contribute £1 in the event of the company being wound up. The number of members at 30 June 2025 was 8 (2024: 8).

19