Charity registration number 1085304 (England and Wales)
Company registration number 04109425
PENTRA SERVICES LIMITED
CESSATION
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PENTRA SERVICES LIMITED
CESSATION
CONTENTS
Page
Trustees' report
1 - 3
Independent examiner's report
4
Statement of financial activities
5
Balance sheet
6
Notes to the financial statements
7 - 13
PENTRA SERVICES LIMITED
CESSATION
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)
FOR THE YEAR ENDED 31 MARCH 2025
- 1 -

The PSL Group (Pentra Services Ltd) Trustees are pleased to present this report together with the financial statements of the charity for the year ended 31st March 2025. The company ceased trading on Friday 28th March 2025.

 

Charity Name and Status

 

Pentra Services Limited, trading as PSL / The PSL Group is a company limited by guarantee

 

Company No: 04109425

 

Registered Charity No: 1085304

 

Registered address

 

Unit C5 Stanlaw Abbey Business Centre, Dover Drive, Ellesmere Port, England CH65 9BF

 

 

Governing Document

 

PSL (Pentra Services Ltd) is a charitable, private organisation limited by guarantee. The objects and powers of the organisation were established under its Articles of Association on the 16th November 2000 and amended Memorandum of Association adopted on the 18th January 2005 to confirm current governance arrangements.

 

 

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 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)" (effective 1 January 2019).

PENTRA SERVICES LIMITED
CESSATION
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 2 -

Objectives of the Charity

 

The charity objectives are to move people into sustainable employment and to achieve a stable lifestyle.

Over the past 12 months Pentra focussed entirely on identifying funding opportunities which would enable the company to continue supporting ex-offenders, the unemployed and clients suffering with mental health issues.

 

Trustee Selection

Currently, the selection method for charity trustees is:

 

Appointment of Trustees

The directors of PSL (Pentra Services Ltd) for purpose of charity law and under the company’s Articles are known as trustees. Under the requirements of the Memorandum and Articles of Association the Board of trustees are elected to serve for a period of one year after which they must be re-elected at the next Annual General Meeting.

 

The Board of Trustees meet on a minimum of three times per year. The quorum consists of a minimum of three Trustees. Additional meetings may be called by the Chair (whose position is reviewed at each AGM (Annual General Meeting) or at the request of a minimum of two PSL Board members.

 

Trustees adhere to a written code of practice regarding their responsibilities and personal liability as the accountable body for the Organisation, which confirms their responsibilities to ensure that suitable accounting practices are applied consistently within the company in line with SORP (Statement of Recommended Practices 2005) and are aware of updates from the Charities Commission which impact on their role as a Pentra trustee. The company ensures all Trustees are indemnified as a safeguard of their appointment to the PSL Board.

 

Names of the Charity Trustees

The following were trustees and directors of the charity during the year and up to the date of signature of the financial statements:

 

Mrs L R Garwood, Chair

Mrs L Jones

Mr I Horton

Mrs J Lewis-Santo

Ms A Roberts

Mr D Mahar

Mrs H Mahar

 

Names of the Senior Management

Business Manager / Company Secretary: Mrs E Kinnish

Deputy Business Manager: Mr J Howard

Volunteer Support: Mr K Donnelly (Contract & Finance Consultant)

 

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

PENTRA SERVICES LIMITED
CESSATION
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -

Financial review for year ended 31st March 2025

 

The financial year April 2024 to end of March 2025 has been a VERY difficult year for Pentra. The contracts Pentra were delivering on behalf of the Probation and Prison services were all withdrawn in August 2023 due to restraints on their funding streams. It was initially expected the contracts would resume in April 2024, unfortunately this did not happen.

We have continuously been in contact with partner agencies including Achieve NorthWest/Probation to try and secure funding. We were advised in December 2024 by Achieve/Probation there is still no funding available to support ex-offenders.

Despite contacting Job Centre Plus and the Local Authority regarding tendering opportunities we were advised they did not have any funds available that we could apply for. During this period of time April 2024-March 2025 Pentra continued to seek out new contracts and secure additional funding without success.

The Board discussed at the meeting following the AGM in October, what the next steps could/should be and it was decided that the cut off point would be reached in December, that if no funding was secured by this point, we would need to address making staff redundant and closing the company as there would only be sufficient funding to continue until the end of the financial year, settling all monies owing at that point. This would meet the timings of statutory obligations.

On Thursday 6th February 2025 a further Board meeting was held at Pentra and the decision was accepted by all Board members to regretfully close the company, due to the inability to attract any funding to continue. 

On Friday 28th March the company ceased trading.

 

Structure, governance and management

 

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

Mrs L R Garwood
Trustee
Dated: 9 May 2025
PENTRA SERVICES LIMITED
CESSATION
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF PENTRA SERVICES LIMITED
- 4 -

I report to the trustees on my examination of the financial statements of Pentra Services Limited (the charity) for the year ended 31 March 2025.

Responsibilities and basis of report

As the trustees of the charity (and also its directors for the purposes of company law), you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006.

Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the Companies Act 2006 and are eligible for independent examination, I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

1

accounting records were not kept in respect of the charity as required by section 386 of the Companies Act 2006.

2

the financial statements do not accord with those records; or

3

the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

4

the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

Horner Downey & Company Limited
10 Stadium Court
Stadium Road
Bromborough
CH62 3RP
United Kingdom
Dated: 9 May 2025
PENTRA SERVICES LIMITED
CESSATION
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2025
- 5 -
Unrestricted
Unrestricted
funds
funds
2025
2024
Notes
£
£
Income from:
Charitable activities
3
-
4,788
Investments
4
892
1,273
Total income
892
6,061
Expenditure on:
Charitable activities
5
70,369
58,575
Other expenditure
9
2,680
-
Total expenditure
73,049
58,575
Net expenditure and movement in funds
(72,157)
(52,514)
Reconciliation of funds:
Fund balances at 1 April 2024
77,828
130,342
Fund balances at 31 March 2025
5,671
77,828

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

PENTRA SERVICES LIMITED
CESSATION
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 6 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
11
-
2,680
Current assets
Debtors
12
2,536
7,731
Cash at bank and in hand
4,672
70,279
7,208
78,010
Creditors: amounts falling due within one year
13
(1,537)
(2,862)
Net current assets
5,671
75,148
Total assets less current liabilities
5,671
77,828
The funds of the charity
Unrestricted funds
15
5,671
77,828
5,671
77,828

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2025.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the trustees on 9 May 2025
Mrs L R Garwood
Trustee
Company registration number 04109425 (England and Wales)
PENTRA SERVICES LIMITED
CESSATION
NOTES TO THE  FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 7 -
1
Accounting policies
Charity information

Pentra Services Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is Unit C5, Stanlaw Abbey Business Centre, Dover Drive, Ellesmere Port, CH65 9BF.

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” (“FRS 102”) 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)" (effective 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102.

 

The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.

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, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of appeal, and fall into one of the two sub-classes: restricted income funds or endowment funds.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.
1.3
Incoming resources
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
PENTRA SERVICES LIMITED
CESSATION
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 8 -

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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

1.4
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:

Equipment
Between 20% and 33% straight line

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.

1.5
Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.6
Cash and cash equivalents

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

1.7
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.

PENTRA SERVICES LIMITED
CESSATION
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 9 -
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.

1.8
Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.9
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

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.

PENTRA SERVICES LIMITED
CESSATION
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 10 -
3
Income from charitable activities
Unrestricted
Unrestricted
funds
funds
2025
2024
£
£
Services provided under contract
-
4,788
-
4,788
4
Income from investments
Unrestricted
Unrestricted
funds
funds
2025
2024
£
£
Interest receivable
892
1,273
5
Charitable activities
Charitable expenditure
2025
2022
£
£
Staff costs
45,099
35,744
Depreciation and impairment
-
1,431

Rent, rates and utilities

5,811
5,065

Insurance

532
658

Telephone

1,809
953

Accountancy

3,240
3,213

Donations

800
-

Subscriptions

234
219

Other office costs

12,844
11,292
70,369
58,575
70,369
58,575
PENTRA SERVICES LIMITED
CESSATION
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 11 -
6
Net movement in funds
2025
2024
£
£
The net movement in funds is stated after charging/(crediting):
Fees payable to the charity's independent examiner:
- for the independent examination of the charity's financial statements
2,420
2,200
- for other financial services
820
1,013
Depreciation of owned tangible fixed assets
-
1,431
Disposal of intangibale assets
2,680
-
7
Trustees
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
8
Employees

The average monthly number of employees during the year was:

2025
2024
Number
Number
2
3
Employment costs
2025
2024
£
£
Wages and salaries
34,943
35,315
Other pension costs
10,156
429
45,099
35,744
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:

9
Other
2025
2024
£
£
Disposal of intangible fixed assets
2,680
-
2,680
-
10
Taxation

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

PENTRA SERVICES LIMITED
CESSATION
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 12 -
11
Tangible fixed assets
Equipment
£
At 1 April 2024
52,150
Disposals
(52,150)
At 1 April 2024
49,470
Eliminated in respect of disposals
(49,470)
Carrying amount
At 31 March 2024
2,680
12
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
2,536
7,231
Prepayments and accrued income
-
500
2,536
7,731
13
Creditors: amounts falling due within one year
2025
2024
£
£
Other taxation and social security
562
511
Other creditors
-
91
Accruals and deferred income
975
2,260
1,537
2,862
14
Retirement benefit schemes
2025
2024
Defined contribution schemes
£
£
Charge to profit or loss in respect of defined contribution schemes
156
429

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.

PENTRA SERVICES LIMITED
CESSATION
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 13 -
15
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 April 2024
Incoming resources
Resources expended
At 31 March 2025
£
£
£
£
General funds
77,828
892
(73,049)
5,671
Previous year:
At 1 April 2023
Incoming resources
Resources expended
At 31 March 2024
£
£
£
£
General funds
130,342
6,061
(58,575)
77,828
16
Related party transactions

Pentra Services Limited has close working relationships with Wirral Borough Council, Cheshire West and Chester Council, all of whom could nominate trustees to sit on the Board of Directors.

 

All transactions with these parties are at arms length and no individual party has an overall controlling interest in the charity.

 

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