I JIW4.X61AtsWZJK 22 C* 3J23 1?m +OID411 P IM6 Cornpany registration Nmber.. 02592100 Charity r￿l$tratiffj Nmber. 1007918 GROUNDWORK SOUTH AND NORTH TYNESIDE LIMITED (A company limited by guarantee) Annual Report and Financial Statements for the Year Ended 31 March 2023 *ACIZVFblX* 23112r2tr23 COIAPANIES HOUSE Vin￿7￿1￿1￿e Tt•Nodin Ref mw.X61￿wzjx22D¢C￿3 12*.2BI>AT{urc *OIDW P Groundwork South and North Tyneside Limited Contents Twslees. Rewt 2to14 pendent Audibts. Rewl 15to18 19 Consolidated Bal￿ &eet 21 BalwKe Sheel Noles to the Fina￿la1 Statemats 24to44 mwth64m.vl￿Tr 2023 I￿￿.￿G￿ri1￿rC •010414 P Y40 Groundwork South and North Tyneside Limited Reference and Administrative Details Trnst•es D C Pearce. Cha M J Cthbert%￿. VKe Cha A Whrttaker A Siddall Iresyvj 2 Mach 2023) Dr C A Fergus D J O'MalMX￿Y C A O￿ty IreswJned 6 2023) DTurt A R Thurst( M S Overton S Broadhursi lappomled 16 2022) K CrevB lapkK)inted 16 June 20221 alr S Oean {apwnted 22 SeNember 2022) S BrarKI JRCri Cltr A Strike 21 Juty 20221 R Lee lappjnted 23 October 2023) S (appoltted 23 2023} Key Management Pernonnel A Walts. Uief EXe(th￿ Offi( Registered Office Wirnlmd W Tyne&W NE31 1SR Company Registrntion Nuth 0259211J) Charity Registratton Number 1007918 Solicit•xs PGS Law WaterVJo Square South Shie aThd Wear NE33 1AW Bankers RO￿ Bank of Scc41and Newcasye 31 Grey Si Nffi¥￿￿e upon Tsffte NE16ES Auditor Bulman House Regent Centre NeW￿de NE3 3LS v￿8￿$*￿￿￿Jrn TrWsaG￿fft 3TW4.xfj4m4¥L￿ ￿23 12O226G4ITIUTe •010411P•I Groundwork South and North Tyneside Llmlted Trustees. Report The trustees. are th"rect￿S lor the ￿K￿)Se5 of company law. wesent the annual rewl together ih Ihe finartCti￿ slatements and amlitors. rew1 of the charitable for the year ended 31 March 2023. The Tnths have athpted the S￿¥15￿￿￿ of Ihe Chwfves SORP (FRS 102 . Ac(#unting and Reportry by Charrnes.. Slatement of Recommerthd Praclice applKable lo charitses Fyeparing their accounts in accordance wth Ihe F*w￿al ReportffB Standard wlicable n the UK and Rep￿11¢ of Ireland. effective 1 Jar￿ry 2019). The ac¢x*urts have been wepared in accordance vhth the Companies ALI 2(MI6. The folkhying infom7at￿ alMrt Ihe financial 2022Q3 15 wesented in Ihe fomiat Tequired by The Chanty c(￿MIsSIon. 1. Ovetview 1.1 Oiganisational Structure and Decision Making GroUn￿￿th Soulh and North T￿￿51de is one of a natio￿ nett¥0￿ ol ethteen Indep￿dent Charitable Trusts. and is part of the FedeRIicffl. The Grounoknrk Federatb)n is a nali¢)nal regerw*Tron ¢xwisation working partners to improve the qualty of the l¢xal envinnment. the lives of Ic¢al people and the success of local businesses in those areas in need of investsY￿t and supprxt. The Federalion sw>ports the independent charitable trusts with extemal fundry. de¥d￿ment of nalional wyammes, Ixtsiness de￿0pmen( national canpatgns and dislrlxrtmm ol nati¢)nal policies. 12 Wision GroUn0kn￿'S visK>n is of a soc* made up of sustainable (Thimunrlies whKh are vlJran( heallhy and safe. vhKh ￿lue the k)cal arKI global eDv¥o￿Vrt aKI v*lwe irKlividu* and ente￿ise pr05per. ¢kniThth%rJ￿'$ purpose is to build sustainable communii*s 1hr￿ joint adicm. 2. CHARITABLE COMP*J4Y GOVERNANCE, STRUCTURE OB￿cTIVEs AND ACTMTIES 2.1 Governing Constilulion The Charitable COMP￿ is a chwilable (¥)mpany linited by swaraniee aNI was sel up by a MemoraThJum of Asso¢Bts'on on 15 March 1991. There are three Company Members each of whom have urKlertaken lo C￿trIb￿e an amount not exceeding £1 li Ihe event of windiw up. The Members Ttr￿ Federati￿ of Trusts Soulh T￿Ide Metrwl** Cminated Indivi￿￿$ I representatives wt¥) are elected and re4lected on a 3 ￿r teTh under the knns irf the ￿tides ot Associalion. nomin*d ¢tsopted Tnjstee must be •*xsed by the Board ol Tntstees beth being appointed. The Twstees of the Chaitabk cOrn￿Y guarth kn ¢cntrbJle an am(xmt Th)t exceethry £1 to the assets ofthe wi the event ofwin* I￿. The charitable company has a procedwe for the iftdud￿ of new Trustees to ensure that all necessary infaffliatth govemarte pro￿lUTeS are fiAty understood. The inthjction also inclLths tours of the LYganisatK)n's assets a￿1 projects to d)lain ffi￿t-hOnd experience of the rary of services. Thfr Charitable Tntst enswes that it manages challeTriTrJ operaliry environment due to the current economic dimate; the Trust ￿tinUeS to ¥fit the anr￿1 Key Pertorniance Indiealor'$ IKPl$} into Ihree business wity areas. fin¥Ke. developmenl and qu*ty vthich form the ba$1$ of sub committees. of Ihe main Board. The wity areas win form tr* basis for our P￿inesS model lor Ihe fOrttr￿MI￿ year. 2.2 Res¢>uTces Committee This Priority wil corKentr* on and kniness management through sh￿1 term perlorman¢e managemenL cost eff￿en¢￿ aTrJ mantsirthrnj qJalty St￿laId$ to ertswe Ihat we deliver q￿lty services vrfthin budgel and limes¢ales. ThrcAJgh the perfomiance M￿gement frwnevrtxk. the Tntst ￿ review Ihe following areas on a regulw ￿15 and implement tr￿ necessary act￿ ￿ans. . OperatA)n Portlolh) Updates #KludYwJ rknmarne . Finan￿al UFthtes & Management . Staffing l H&R . Property & Asset Str*egy 2.3 Business Contmls. Systems and Compliance and Committee This pri￿ty wll fr¢us ￿ business develipment to ensure the Trust maximises busi￿$$ (ppthinittes i￿line wilh ow 5 year strategy. wlN15t reswndirYJ lo emefgH¥J markets wihKI the private and public sedor. T¢ supwrt Ihe regt(Thl cdkkntion, thi8 ¢ommrtlee has bec3)rne a Joint NE committee ￿1h Tnistee$ frorn our sister Trust GW North East & CumLYia,' Il¥s new framewoTk en5wes a regional approach k> busir*ss devebpment. ￿￿K11ng on knovAedge and avoidvvj duplicat*￿. The managementteam devel￿ a to m￿ltOr wogress against tr* below areas: . Health & Safety . Safe9uarding ISO 14001 . GDPR I ICT . Equality & Oiversty . Net Zero Aclion Pkn . Matrix VrtUgI&wryobJ￿T￿S￿*o￿ Rfl 3TW4-X641A W￿22 D￿2723 1202261XITlllfC +QlD414 P&4ts Groundwork South and North Tyneside Limited Trustees. Report 2.4. Roule 2 Worf( Governo To oversee the qAty. Mmpliartt learning staThlards at •)ur R<￿ 2 Wuk Colkge, the Chailts￿e Company has establisw Governors C¢mmittee. The role of the committee is to support and chalknges the qualty of the outC￿ne5, achievements. personal de%*lopment and quality improvemerrt plan. T1￿ Conknittee wovide Ihe ful1808rd I￿1h a qu•rterty upd* on rrtogress. 2.5 Jam>w Ham M•naging Committee To oversee ¢mplemenlat*)n and monitoring ofthe MasteWan as wel as mea5wing OUT vnpa¢t and out¢￿1e$ against the investment principles. the Chwitable Company has created a JaJTOW Hall Committee. The role of Ihe committee is to support the <￿te£￿e5 and acticrts ￿ the Mastwplan whlst 2.6 Ch*itable Company Ofyecti¥es In setting the g)verning objects. stralegK ct*jeC￿eS and ￿an$ for Ihe firtwe, the Trustees have giv due c4)ns¢deralicm io genefal guidance wblished by Ihe charity c￿nMISSIOn re￿lIng lo public benefiL The goverr*w objects ol Ihe eharilaAe we: 1. To pr￿¢te the o)nservalim. and imwovement of the phystcal and natural environment an￿there within the lo¢al Govwrnth bw)dw of the Metrwlilan 8orouths of S¢xrth T>fftesKle and Norlh TyT)esbJe. 2. To provide fac41rbes in the interests of social We￿are for reue*ion arKI leisure time occupatK￿ the objeelive of •nprowng the cond￿on5 of life for those li¥rwJ li or knr¥krwJ in or resortng in Metropolitan of StyAh ar•J North 3. To advance pA)lic educat￿￿ in envronmentsl matters WKI of Ihe ways of better conswving, protecting and improving the SaMevh￿re so ever. 4 To promole for the ￿1C benefiL urtMn or nwal regeneralton in areas of ￿la1 and eccrK*mic dwrivation wthin the Nktrowlitan 8tywgh5 d Soth and N(xth T>resth by all or any of the follovrng means: 4.1 The relief of such ways as may be ft 4.2 The relief of unemplo)TTWt n suth ways as may be tlwght ft indthling assistance to fmd employmen( 4.3 Such other means which may from time to time be detem)ind subject to ts wior V+Titten consent of the Charity Commissiorws for Eryland WKI Wales. S. To Pl￿￿e facilities in the yrterests of social weffare for Tecrealwy￿1. cullural and letsure time oc¢upalion wth the objectsve of improviThJ the ￿ndillonS of Ile for those IMTrJ in or w0￿1ng Wi or resorting in the Metrwlitan of South Tyneside North TsTrside through.. (a) The operation of leisure. cullural and t￿ltag• sil•s. venu•s orwqect4 Vinuotsynkn 31Y14.X611.1 WZX22 Or. >)Z3 12LYk26 GIITIUTC •01044 P Groundwork South and North Tyneside Limited Trustees. Report (b) HoldJng wowning a IAisluK or ctrfturnl 6. To promote sus1•￿b1tr development the ber￿ ofthe W￿1¢ ty. re￿￿ree$. (b) the rew of ￿VertY and the of the of lile in sodalty and economlcalty disadvantapd communilies: Ic) the W￿n￿lon of sustainth means ofachieviNJ economic and SOCHI growth regenw*ion. 7. To advance the education of the subjects Felatrig to suslainable develowenl and the protection, enhancement and rehab1li1atK￿ of the envirtmment and to promote sbjdy and research tn sueh subjeets pr¢Nithd that the useftd res￿ of su¢h stuthy aTe dissemi*ted to the wblic at large. 8. To promote ts efficiencies and Ihe effec11￿ of the in ¢Jrect furtherance of their objects lor any one of Ihem) by the wowsion of ts infomiation. advice and assistan￿ in the establishment. admiristrati¢Jn and mxwenl of such charitses Ybcluding assistance d any Iw wi connection wrfh raising and **strit￿1On of funds. 9. To w(Ynote Ihe efficiencies and the effective￿$5 of the v￿￿tary Sedor lor the benefrt ol the lic by the provision of irknalion. sipport and athice lo local commuiyty wp5 2.7 Strategic Objectives To a¢hieve the above objects. the charitable Company uses the follty4ryrvJ six Ma1￿ areas of th to m￿mise the impact lo the communilies it sems: WorkirYJ *ith communities to tsild strry r￿￿rhOOdS. Workiw to realise the wtenlial of young people. ThrLwgh education, promoting learnv￿, ￿1ZeD￿P aNI wstsM)thlty. WorkirKJ to reconnect people wilh places. WoTkiThJ to provK%e training for employment and stimuL*ing ente￿￿1¥e. WorkirYJ to help businesses succeed. In addition to the above Gnjurthth delNets three (xtss themes: We promote health and WeIkt￿Trg by providing the facdibes aTrJ siywt to help pe* become more physicalty active make ￿arthIer fifestyfe thices. We wrrk closdy with hc4JsThJ organi￿li0nS to ￿ ne￿hb)UIho￿I V*vJe irr¢)rovements, raise the ¢walty ofthe h(￿sIng sto(* and engage commuruties to wtynote greater cotrosion. We promote sustanability ar•J combaliThJ dwnate chawe by encouraging and chltrJ￿n lo thange their behavicAf. VirI￿l%￿ndth TraTrSatity Rel mv4.X64AI.WZM2Z tse¢2DYJ 1202 26 ¢￿T¢￿Tc •010414PP Groundwork South and North T￿eside Limited Trustees. Report 2.8 Contit•ution ol Volunteers to deliver strategic obpctives A contirM*d supwt mechanism to the eharbtable eompaiy are both eorymte and bcal community pToNide invaluaue SupPc￿ to hxal projects arnl supporting local comrnunities. Over the past lew swrs. Ihe charÉlable CLYnp3ry has thvdoped bts cffjxyak bnlultt￿ln9 m(*Jel with Ihe conlirn￿d support ￿ SAGE. The charitable company has a C￿ of project voluntws widè SUFPOrt dedKaion on a weekty basis to SW WTvnunty woieds ¢Y tho1 sites suth as Jarrow Hall and Wesl Boldon Ltyjge. To $upport the recommen¢wnent of our programmes past wdemic the volunteering opportunrtie5 have wweased, thanks lo the dedicaion of our voytmkers and addittmal controls they wovided over 15.170 volunleemg hows lo supwt ￿J1 Vis*￿ of Ch•￿1￿j place5, thangwu lives vthich equales in total to over £94k in volunteer irne. 3. OPERATIONAL ACHIEVEMENTS AND FINPJICIAL PERFORMANCE 3.1 Operational Perfornunce We ta¢kle these Ineq￿11￿1eS a5 ￿nIInue to with parfrnrs to buibd green jobs and defiver across four main areas. Empowing Suslarth Communilies. RaisY¥J Aspirations. Creating Better Places ar•J Enriching Lbves Trough Cthxe and Heritage. in Ihe places Ihat need it most. commissions grants from Govemment. Funders and Partr￿r$. the Charilable Company was able lo access 5ignifKant new fiwK15 to SUP5YJt IXK ￿ wthin i>ur {￿lmUnItieS were needed more than ev¢r. During the >Tar, the Charitab￿ wmpany intefvd a NThber of opwthg and e4)ntrols that enalAe our projecis and seryices to operate in a very ¢mtrolle¢l $afe environment. To support slaff, the ¢haritsble (X￿PanY has made signrfKanl improvements aTrJ operatirvJ charvjes lo enable Ihe marhagemenl of an ever changirvj actiwty Porttolio effectsvety and furfher work has been undertaken cm oper*o sJ%lems kn maximise the benefft5 of agle vukry During Ihe year. the Charitable Company Mai￿ partnerstrdp assels al Trinty G￿n and The 8eacon contirM*d to increase ocujpaw and directy support the charitab￿ aims through business support. training and enterprise. The Charitable Companls traditional cVerati￿s remain stable grovth ￿1h1n the majority of the vthi¢h has alkhyed the Ch*itsble Company to M￿ge the financial dianges a$ m¢ntity*d the r¢F%¥t vrtu01￿m*We T1￿1•&￿n Rel JIW4 X64U.WIJK 22C*c2023 12m 26GhlTiuf¢ •01044 PW46 Groundwork South and North Tyneside Limited Trustees. Report The Charit*e Ccffipany seured arKI feceived a Of9r￿ fftckn*rwJ: . National Lottery Grant received frcfft the Local T￿￿t for the develcpmwrt of the fxntral Jwrow Big Local initi￿]Ve to the staffw ￿ ¢￿rn￿lty developmerf of the &'g Local. . Nats(￿al Lotlwy Furtd Grant received fr(m the Local Tntst Garderin9 arml L**scaping for Central Jarrow Big Local to w•lertake locai community land woiects ¥1 Centra Jarrtyv. . Green Space Forum . Naliona Lottery Communty FWKI Grant to SUFWt kxal patks (Thimunity groups I charilies wilh advice, guidance and suppo . Nalb)nal Lottery Cunmwuty FurKI ow)iThJ delivwy c¢ Marsden Sa)¥ to SW the develoW￿tt of communty programmes ￿ resilience at Marsden Road Centre. . Museum ljevelowerf Norfh Easl fr*OsrAay ew4xnth* at Hall to enhance the ¢>Jnwal offer. • LEAP throuth Aglty Eco wpwt pe(We Ipiiry n povwty WKI the developnenl of the Gre￿ Dcthr Service to provide energy efficierKy ad¥i¢e and inplement energy measures. . Nati￿al Loltery Hwits9e Fund l Green Recowy ChalleThJe in pknrship wilh Grwmfr￿rk UK lo deliver lo¢al 0)mm￿ty and eMP￿￿)ent relaied wqects Nalwal Nwhbourhoo¥Js prowamme. . Sage Foundation to supwi JaTh Hal site dev￿0￿ent ar¥J c4xptyate volunteeriNJ oppthinilies for local Sage employees. . Communty Found*Th to surwt local communty Jubilee cekbra11￿ and delivery a&￿ti￿al Energy Adwce and Guidance via Green O￿tal$. . Kickstart P¥￿TaMme$, tlwh tr* Govemment scheme, ddwered thts Pr(￿ramrne we partnered Soulh Tyneside Council. Grounthyuk Norlh &ist & c￿nIxia Grwn¢hwYk UK to delivery unempb￿nent programmes for >Dung pecpte. . Holiday Actvty ar￿ Focrtl FuThl. in paithership Styjth T)nesiJe Council, defivered a programme of targeted club ttwowJh thl holidays to targets famil*s. . Natio￿ Lottery Commurlty Fund AW￿ lor All. to G￿en Doctor Ene¥gy and guidanee. . Hadrian Trust to supwl social action l￿r￿￿1￿e5 for peopk at Plall. . Sport Englaryl to ph)7ts1 actsvity foT R￿￿2W{M￿ College learners V*ith SEN. . Know our Neighbourt￿d social action gram to rnduce i501alk)n and mental w*llbang. . Jom Lewi$ to $upwl Forest S¢W a¢tsvity ts y￿r1erable children at West Boldon Lothje. . Newcaslle B•Jilthng Soctety k) supwt community act'vity at Mar5d￿ Rowj H&illh and Wellbeing C￿tre. . AIM New Audiences and Nerf4 Ideas to ew Fwle in 'A Clinate Chafty￿ cweated exhibiim al JaFrow Hall. Tran*diryi Rel 3TW4 XSII.I WZJ( L Q•c 2023 1202 26 Guf(UTC fO}044 P IN46 Groundwork South and North Tyneside Limited Trustees. Report . Inspre to suppryt devdoFwnent £lWam Space at Masden Road Heth arKI Wdljeing Centre. . Norftr*m Powff Grid in p*thwship knith Gr(xKth￿ YthshR for Green tyoclor Energy NAdvice and Guidance. . National Lottery Communty Fund in pknrship wlh GrQUnthffj￿ in Norfh {GThnth*th CLAM lead partner) to deliver Green COMM￿ty Hubs via West Boldon Lodge. . Altemative Education Provision. thr￿ a Iramehth hiih North T￿*SIde Council delivery commenced lo support JY)ung peoe. . National Lot* Clinate Action FuThJ. a pa￿$1¥) 9rant was se¢wed to delfvery pik)t Bulky Waste Sustain*ilty Hub prqect in partneTSh¥¥ ¥￿th s￿ T)neside cou￿. * NatK>nal Lottery Hwi* F￿d. k• deli¥ery'Skdts for the Past for Ftthre, at Jamm Hall. In adthlon, Ihe Charilable C¢*np*ty ¢tyknued b delver a N¥ntw of seNict ¢<￿traCts, ttr£se ser¥lee contracts allowed the Charilth C¢Ynpany to deliver quafity IxrtLxrn Ilwh inspiring people and eating greener spaces fw pe*e to fve. work aryj play. 32 Contrl)ution to Local Communities Set out below are some ofthe ways in wthich (Af ￿ have hew the Comm￿)it*S we serve: 311 Creating Better Places It has been pr¢>ven Lwnd that hav•YJ access to go￿1 qualty green space . a k)oal p3rk, allolmenl or play area - improves ow heallh and kntllbeirvJ arKI supwts chiklren's educational and soryal developmerrt. The projects delNer prowde a me￿ir￿[u1 opportunty foT US to Work local )mmunities to ha￿ a say around the quality of their bcal environment and support practical activilies Ihal rnte enhanced spaces for Fecple to VIr￿ and play. . Supported over 15.170 hrxffs af commthity . SupFort 52 young people through Ihe Govemments KI￿start Sdvne . Improved 86 acre5 of comm￿ty green spxe arKI 4%xx)JIwKI. . Suppthtsd 47 communty groups to cary out local wojects. Suppjrted over 73CI) IKXYS ofcryanisations that have $uky#1ed the Crynpany over the past year. At the end of Ihe year tr* ChaTi* Company I￿ld resK¥es of£2.778.746 (2022 £2,883,112). Held as part of the reserlts are FTeehold and Leaseho￿ b•lwJ at £2.195,461. There are no designated or otheFwise c¢)mmitted IW￿5. The reseNes. after allwr¥J for Ihe above properties and olher tangible assets required to operaie ChwilabFe Company wa5 £484,046 12022 £530,192). 3.5 Asset Management The ChaTitable Compwry a detaikd asset re¥ivw of al freehold leasehold assets held Ihin the fixed assets. The Trustees rern￿n aware that efforts will continue to be rewired to cut f￿ed asset Q)sts and asset reduce overheads and to benefft from economies ol Sea￿ through rA)tential further devewmenl opportunit￿$ the trading subsmliary. The Charitable Company will also ¢￿￿￿ue tsveloping its suvice delivery utilisin9 our communty based assets as s&vice hubs. 3.6 Inveslment policy and pttfomknince The Trustees have the k> wwest in such assets as see IL The Charitable Compaiy may need to rthxt quickty lo partiujlar r￿d5 and thereth has a polcy ot keeping surplus Iquid in short term deposits can be reathty accessed. The Board urxlertake an a￿￿1 revivw of ts inve51ment Strat￿ I p(AKy lo ensure th* funds are ublised and wwde the mosl benefici￿ retslln to ￿pany, thi5 annual review al$0 3.7 Going Concern After making apwwiate ffqu¥ies. the Trustees hawp a feasonable expecta11￿ that Ihe Charilab Company has a*uate resources to continue in operatmybal existence for the foreseeable future. For this reason troy c¢Jntinue to adopt the 90ing concem basis in pTeparirwJ the ffinancia ststements. Further details regarding the adopti(￿ of the 9)irwJ concern basis can be ftxmd in the AccfjuntirKJ Pol￿1¢$. 4. FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES The Charilable Comwy as part of its ￿nUal BUSY￿ Pkn sets (xrt a number of FIrhv￿lal Objeclives that are overseen by Resowees Commrttee. These objectives relate to the level of working ¢apilal, totsl furmts avail*e. management of hwher risk ¥livilies aThJ ffivestments. Tr cx)mmittee measure perfO￿n￿Ce againsl these obiectives on a quarterfy basi5 a report pre5enled to the Board ol Tntstees. 10 VHiuAL&WuvTr4TrseapJn Iqof JIW4.X64M.WiJK 2200¢¥)rJ 12Q225GWT{UTC 40104.Y P I￿6 Groundwork South and North Tyneside Limited Trustees. Report 4.1 Principal Tisks *KI Uncertainties Chaiitable C(*npany produ¢es rnl Risk Register Ihat sets txrt the prini#ple iisks b the ganisaiTh and the necewsary 1X￿tract req￿red to m•wge swh risks. The risk register is M￿aged by the Execulive wlh an ￿nUal rep￿ we$￿ted lo the 8oard. The main risks to the charitable company are relationskip managemenl of key stakthdder. effeclive manag¢mffit of health & safety. ¢ffitirtu￿ redu￿￿ li govermient f4#1ding and management of h￿her risk acbvrtses. Below is a swnrnary of the man areas of iisk. for Imve the necessary stralegies I risk M￿gerneDt plans in place: Failure to secure mana￿ent of new pr0￿me$. threaknKw the kJng4em %iabilty of the organisati￿. A maj(X F*S(mal rKadent he*1 & safety or s*gwdirg OC￿￿1n9 fm thal w provide sepitces that enable u5 lo delv4er our VIs￿n of 'ChangiNJ pla￿ and ChangNvJ LNes'. We will do trus by embeddiThJ irmvati)n and susta￿labi1ty in al do, maximi5iry imp*t (xrt(xrn. environmenl across the UIL We'rè passionate atyxrt ereatsTh) a firture vkbere: Every neighbwrtK¥)d bs greerL Every comnxmty ts strory and able to shape 115 desliny. We believe Ihat ￿1th bcal ¢ommuni1￿ lo ￿￿k1 Iheir r&ience IS 74ilal in fac#)g up to the challenges of a glcèalised ecoTr)my aThd a ¢hangiThJ dwnate. Why this Mattws.. ol commurity gr¢ups say Iheii 15 needed more than ever, m(*e lh￿ hall say has got hader for them to wale n the L45tten sws. 75% of people say tsy feel unable to infven(* decisions about ¥A￿t happens in their k￿al area. Nearfy hair of young people say ttw feel donl be￿ to their ne￿hbOurhood. 2.69 million Feople do I￿rt live Imihin a ten minute walk of a green space. Those are at eatesl risk of poof physvl and mental heahh are more likety to mss (Art on the bw*fits ol Around haK a mllton swng peo* 'economically ￿￿tr¥e. . rd in learning or emplo￿nent ￿ not knking for - bef¢Ke Covi&19. a number which has L*en $lovAy rising. One in ten h¢Jusehokts in Er￿lafid is 17SiTrJ to akn05t in five for elhnic minority households. 76% of adults say they we CO￿eM￿ abLMrt clma* chawe. 40% of yowu pecple a(trnit to feel￿￿ 'over%kned' by the dw))ate ¢xisis. 90% of SMES saKI bery sustainable was #iytht lor ther tAtsiiess t#Jl more Ihan said Ilw wwe finthTrJ rt ¢Mficult to take ac11￿. Our Impact and Change deliver: Ow work pecwe facyw multiple Challew - I￿ryA9 fft isolalion or vAlh stgnfficant heanh issues, in commw￿tsS knrylh few facalilies. Iwniled wrobynent FYospe¢ts and vulnerable to extreme weather everrts. 12 VrtwlS¥Jndiw• Twn¥dityi Ref 31￿.X6¢IA.wZJK T2Dec2023 I2￿.16G￿l IUTC •010414 P I Groundwork South and North Tyneside Umited Trustees. Report We create better *ces . Makir¥J eommur¥ties wner. saler and he*thier by enablw people to work loyther to atout (knnge in Iheir local area. We improve pewle'$ wospects . employabilty of those Strugg1Th￿ ffl ed￿alm)n or ￿J1 ofmrffk. impacL cut waste. save money and live mtye healthi To support the plarts for the futwe, a mimber of Key De￿Table$ have Lwi awd by the Tw$tees' of the Chaiilable Company on ￿ annual basis. The Charilable Company holds an arnual Business Development Sessi)n where the Trustees and Exec#Jtive miew ex￿tir￿j stralegic dr￿tion and activitses and set the fubjre areclion of the charitabfe company. The Charitable coM￿Y 15 I)oking to expar•J rls charitable operalions espe¢ialty with OUT communilies team linked to wder ethKation ser4ices arrtl commLmity events. Futher, through the Integrati￿ of TEN North East irrto the charilable ccrfnpany hopes to exp¥¥J its training & devel¢)pment and YOWKJ carers serv￿5 as wdl as across the Grounthth FederalK)n especially throthjh GrOun0kn￿ in the N￿h to devdc¥) enhanced collaborati¢Jn and business development" Fundralslng dlsclosures The ch*ity ts required •x* rewl hth¥ it deals wilh fvnthaising from the wbk. Tr charity dctt not use Ofession￿ fundraiser or commercial paitipator to raise fth)ds. Any monies raBed direct from the public follows all guidelines set (xrt by the Charity CommissKm and UK law in every respect. We respecl the privacy and contact Weler￿¢￿ ¢fall ￿kn11¢ dc*ws. Publlc benefit The trustees conffimi that they have eomF4ied th the reoirements of sectKJn 17 of the Charities Act 2011 to have due regard to the pu￿1¢ benefft guidance published by the Charty Commission for England and Wales. 13 Virtu￿$1￿n￿￿re Trydns*ithl Rd 3TW4.X6lhtsl*ZA 22r*ta125 12.02".%I>AYIVYC •01044 P I Groundwork South and North Tyneside Limited Trustees. Report statement of Trustees. Responsibilities The trustees l%tho We also the directots of Grourthth South arKI N￿th Tyneside Limited for the purposes of company Iwl are responsNI e for preparing Ihe trustees. report an¢J the fi"nancral statements in accordance the United lth"ThJdom Acctyjnting Standards (United Kingdom General Accepted Accounb"ng Pradicel *vJ applKable and regulations. Company law requires the trustees lo prepare financial statements for each financial year. Under company law the trustees musl not approve the financial slalements unless they are sats'$r￿d that they gi￿ a true and fair view (rf Ihe stale of affai￿ of the charitable cc4))pany and of its In￿Mir￿j resources and applrAtion of resources. indudirwj its incorne and expenditure. for Ihat period. In preparing these financial statements, Ihe truslees are requwl to: selerA suitable accounting ￿l¢le$ and them CAXtsiStenty. ¢)bserve Ihe methods princyles n the chal￿e$ SORP: makejudgernents and estimates th* are reasonable a￿1 wwlent stale thether app￿Cable UK Accounlityj Stsndards have been fc4k)wed. subject to any material departures disclosed and explained in the financial ststements.. and PTepare the financkil statements on the going corKem basis ￿lesS it is napprowiate to presume that the Charilable company will contin￿ in t￿$￿5$. The trustees are responsible lor keeping adequate acwunting records Ihat are suffithent to sh¢)w and explain Ihe charitable ￿mPan￿$ transaclions and dis¢lose wih rea¥￿￿ble accuracy at any time the financral position of the charttable cornpany and enab￿ ts￿rn to ensure that the financial statements mply with the Companies Act 2006. Trey are also rtsponsible for safeguardiry the assets of the charitable company arrfl hence for lakirwJ reasonable steps for the prevention and detection of traud and other irregularities. Disclo$we of intormati¢)n to auditor Each Iruslee has laken steps that they ought to have taken as a Irustee in order lo make themselves aware of any relevant audit ￿lO[MallOn and to eslabli5h that the charity's audiknr is aware of that information. The trustees confirn that there is no relevant infomation that they know of and of which they the wth.tor is ul￿w￿e. Reappointment of audilor In acwrdanee section 485 01 the Cixnpanies Act 2(K6, a resduth)n for the re.appointmenl ol Azets Audit Services as auditors of the charty is to be proposed at the forthD)ming Annual General Meeting. The annual rewt wds approved by the trustees of the charity on 2UW2023.... ￿ signed on ils behaw ty. JDOwen Trustee 14 V.nUd1Ep￿d￿1Q Ttaiw&.rLTh Ref 3TW4 X64I.1 IVZX& ￿..￿5 IZJZ26GIITfjuTC +OID44 P 11.4ti Groundwork South and North Tyneside Limited Independent Auditofs Report to the Members of Groundwork South and North Tyneside Limited Opini( We have audited the thanelal stat￿nts of Gr￿th￿k Scxth and North T￿ethe Lhnlted (the 'eharilable parent 9)Mpan￿ and its subsKliwies (the 'group') the ended 31 March 2023, ich comprise the Consd¢daled Statement crf Fnanch?l Acliirytses. cons0￿dated Balance Sheet. Balance Sheet. COnS￿rdated Statement of Cash Flow5. arKI Notes to the Financh?I Statements. including a summary ol slw4f￿t acc4xmtirKJ polKtes. The financial reporting tramewDTk that has been appl*d in their Ple￿ation is United Kingd￿ Accfymting Standards. compriswbg Ch*ilies SORP- FRS 102 The Financial Rep(xting Standard ap￿rable in the UK and Repub￿¢ of Ireland. and applicable law (United Gener*ty Ac•d A¢(¥)untirwJ Prac11￿). In our opinion the stslem•)ts: give a true and fair view of tr* state of the gr)me arKI exP￿di{ure for the ￿#T then ended: Praclice: and Basls for opini¢)n We conducted our audit li ac£ofts￿ wilh Intemaknl Standards on A￿J￿ng (UK) IISAS {UKI) and appltcable law. Our reSprA￿1b11rt￿S under those st¥thrds ￿e further descrbed in the auditoi responsibilities fu the audit of the ffftanual Statern￿ts section of (Mff rewrt We are independent of the group in a¢eordantÈ NMth the ethical rewirements that are relev￿1 to audil of the f*)ancial ststements in the UK, includiry the FRC'S Ethical StaTrts4 arKI we have fb4filled our other ethical responsibilities in accudance witr Ihese requirements. We belEve Ihal the audit evKlence we have obtained is sufficient arKI apFYowiate tr) woyide a b￿[8 for our opliiw. Condusions relatlng to golNJ concem In auditing the fnancial sLitements. we have ￿￿uded that Ihe trustees use of Ihe goiFWJ Mncern basis of accountirKJ in the Kry)aratM)n of ts fmancial ststements is apprcyiate. Based on the we have performed, have not ident1r￿￿ matwial urKertainties relatrvJ to events or corKlitson$ Ihat, indivi(hJaly or colethely. may cast S￿n￿KaTrI doubl on the gro￿.$ ablty to ￿ntinue as a going ¢oncem f￿ a of at ￿51 tr&*l¥e when the financk?I statemenls were aulhorised for issue. r responsibililies and tr* respcThbililies of the In￿lee5 *ilh respect lo concem *e de￿ibed in tr* relevant se¢*orts of this rewL Other infornwtion The INstees a￿ respon¥ble for the other inf0ma1￿. other infcthlatlon cOmp￿Se$ Ihe informats'on included ￿ the anwal Tew( olher Ihan the financial slatements and our audttofs rewrt thereon. ()Jr Opini￿ on the fin￿la1 statements does r•)1 cover the other Irrf¢)rna1k￿ and, except lo the extenl olheThvise expiiuty slated in our wo1( do r￿1 exwess any fomi of assuTance ¢onduston thereon. In c4Jnnecknn wtih of ts financial statements. ow resp￿SibI1ty is ID Ihe other Infornation and, in thing so. consider Nthether the other infonnalion is materFalty inconsistent with the rmancial statements or our k￿wledge obtained in Ihe autht LY otheTh￿se appear5 to be materialty misstated. If we idenlify s￿h materHI ir)consIsten￿eS or apparent material misstatements. we are required to detemiin ￿ether there is a materAI misstatement in the financhil stslements or a material misstatement of the other irrformab'on. 11, based on the Y* have perfom)ed. ￿ conclude thal there is a misstatement of this dher wrfomiakn. are reqiired to report that fa¢L 15 Vinua5S4nsbxo Rel 3TW4.X64M.WZJK T2 J)TJ 12IJ226GMIIUTC •OID44 P Groundwork South and North Tyneside Limited Independent Auditorfs Report to the Members of Groundwork South and North Tyneside Limited We notriry to rewt n this reg¥d. Opinion on other mattefs prescribed by th¢ C¢)mpanies Acl 2006 In our wnion, based cffi the undertaken in the ¢￿Tse of the audit.. the information given in Ihe and TnJskes' Report ILY the financial ￿ar ￿ whith the ffinancial slatements are prepared is consistent the fir￿￿la1 statements; and Matters on which we are required to report by exceplion Ihe light ol our knty￿ed9e understanding of the group and the parent charitth company and ils environmenl oblained in the (¥Jurse of Ih we I￿t KIentI￿ m*rial misstatements in the and the Trustees. Report. We have nothwvJ io rewt in re¥*d of the fdbAffvJ mattas th Ihe Companies Act 2006 requires U5 to rewt lo y)u rf, in w opini￿. adequate acu)unting re¢ords have not been kept by the went charitable Ixmpany. or retyms adequate lor ow wdit have not been re(x¥ed fran branches not Visited by us.. or re(xxds and retyms: or have nol receNed al tr* infmatiM arKI rewwe for audit. Responsibililies of trustees As explained more fulty in the Slalement of Trustees. Responsl)ilitie5 (set out ￿ page 14). the trustees are respjnsbi le for the preparation of tr* financial ststements and for being satbsffied thal they gwe a ITue and lair view. and for such irthnal cortrol as the trustees delem1￿ is necessary to enable Ihe pTeparath)n of stateffi￿ts that are Iree from matW4al misstatement. thther due to fraud or error. In preparing ffftancial stst&)irt Ihe trustees are resp(Thible for assessing the charity's abl￿ty to c¢ntinue as a wng concan. ¢ffisdosrKJ. as applicable. matters related to goNvJ ¢onoem and usiThJ the going corKem bas￿ of aco)untirwJ unless the trLtstees eilher intend to liquidate the ¢harity or to ￿a$¢ operations, or have ￿ Tealislic *maliv¢ but to do so. Audltor responslbililies for the audit of the financial statements Our obpctives are to obtsin reasonable assurance at￿ul wt*ther the fin•Kial statements as a Nthole ¥e free from Mat￿la1 misstatemen( ￿ due to fraud or effor. and to issue an wditorfs report that indudes our opinion. Rea5¢￿able assurance is a high level of assurance. bjt ts not a guarantee that an audit conducted in xcordance ISAS {UK) will always detect a material misstatement en it exists. Misstatements can arise frcfi) frwd ￿ error WKI a￿ t￿$*￿ered material rf. indimdually ty in the augregale, they could reasonab¢y be expected io inlluerKe the ec¢xK>mic decislons of users taken on the basis of these f￿￿n¢la1 stalements. lThegularities, nduding fraud. are instances ol r￿n￿o￿PI1￿e with lrn and rryAatiM$. We design procedures in line wilh our reSP￿S1￿1ities. cmjllined above. lo detect material mi55tstements in respe¢t of irregulaTitse5, includiry fraud. The extent lo vthich ow procethjres are c¥able of detecling iThegular￿es. induding tra￿1 is detaiw below. 16 VIlluolS¥hthrnTiirtsqclDJn Ref )TW4.x64￿￿zJK & O¥t wrJ 121Y2 ￿G￿T{uyG •010411 P I￿6 Groundwork South and North Tyneside Limited Independent Auditor's Report to the Members of Groundwork South and North Tyneside Limited Enquiries wih management about any known or sw*ckd inslrn of n(VKx￿pl￿?n¢t wlth laws and reg￿at￿5 Ir￿uding fi•yJ" . Reviewng the rnosl recent reports issued by rewlatcKs: - Reviewng ￿ard mw)utes' . Challenging a$S￿pIt￿$ •xI jwlgwnents by manw li thw S￿nI￿nt acco￿ting eslimates; . Audilwig Ihe risk c¢ ovenTde of cortrcAs. Ilwh lesling jownal entr*s and Because of the f*ld in the ¢knl q)erntes. Alents￿ tr£ areas as those most likely to have a matwial iM￿t on the fjwKial st*m*ts: efs website at VM¥.frc.crfg.uklauthtorsresponsib￿ftles. This descriptfrjn fornis part auditofs reprt 17 VirtualSYJh?￿eTtWs*iOTr FW. 3Yw&X64￿￿zJK 220K>)23 I2￿".26G￿ll{vYC +ODO IM Paw6 Groundwork South and North Tyneside Limited Independent Auditorfs Report to the Members of Groundwork South and North Tyneside Limited Use of our report This report is made solely to the charilable parent companls Iruslees. as a boty. in accordance %Mlh Chapter 3 of Part 16 of the Companies Act 2CM)6. Our audr( work has been underiaken so that we might state to the group's trustees th¢)se matter5 we are required to stale. to them in an audilorfs report and for no other purpose. To the fullest extent perniited by law, we do rb)t accept or assume responsibilty to anyone other than the tharrta￿e parent Company and its ITuslees as a body. for our audrt work, tor this report. or for the ownws ￿ have formed. Simon Brown BA ACA DChA (Senior Slatutory Auditor) For and on behalf of Azets Audil SeFViC Chartered Accountants Stalutory Auditor Bulman House Regent Centre Gosforth Newcastle upon Tyne NE3 3LS Date: 2211212023 Azets Audit Services is a tra(*ng name of Seryices Limited. 18 Tl•1S*JWR￿ 3nv4.¥611MllA22 2023 121)226GMYIUTC •OID411 P 21¥6 Groundwork South and North Tyneside Limited Consolidated Statement of Financial Activities for the Year Ended 31 March 2023 (Including Consolidated Income and Expenditure Account and Statement of Total Recognised Gain5 and Losses) Total Total 2022 Int¢yme and Endowm￿ from: tjonalions arKI lega¢ies Charilable xtivibes Other trading actNities Investment income 36.912 13.912 157.677 e6.912 1056.465 157,677 .030 970 73.321 1.6B7.267 143,015 91.387 14.378 1.152.553 Total Income 1.194.501 1.182.553 2.377.054 2.009,368 Expenditufe on: Ratsing funds Charitable acli¥ilies {152.918) 977.170 {152.918) 2.328.502 2,481,420 1141,808) 1.908.694 1.351.332 Total ExpendNure 1.130.088 1.351.332 2,050,502 Net incomel{expenrfthJre) Transfers befv￿Th lund$ FA,413 113.327 (168,n9) 113.327 (lo4,￿6) {41,134) Net movement in funds {48.914) (55.452) {104.366) (41,134) Reconciliation olfunds Totsl furKls loThYard 2.725.180 157.932 2.883.112 2.778.746 2,924,246 Total fwKl$ caryRd f(xw¥d 23 2,676266 102,480 2.883,112 The funds breakd￿ for 2022 is shtyvn in note ZJ. 19 flualS*nthF*Ti¥nswJwR81 3TW4.X61M.WZJKT2 D*t X123 12fj320 Gmriurc •O)DIM P ZZ146 Groundwork South and North Tyneside Limited Comparatlve Consolidated Statement of Financial Actlvltles for the Year Ended 31 March 2022 (Including Consolidated Income and Expenditure Account and Statement of Total Recognised Gain5 and Losse5) Total Income and Endowments frnm: Donations and legaL¥es Charitable aclivilies Olher trading actr¥it*s Inveslmenl inccme Olher income 73.321 594,694 143.015 91.387 14,378 73.321 1.687,267 143,015 91.387 14,378 2,009,368 1.092.573 Total income 916.795 1.092.573 Expenditure on: Raising fur Charitable activknes 1141.808) 764.494 1141,8081 1,9D8,694 2,050,502 1.14421x1 1.144.200 Tolal expendilure 9(￿.302 Net incomeJlexpen(fiture) Transfers betsyeen fvnd$ 10.493 11.344 (51,627) 11.344 (41.1341 Net movement fft fiJnds 1851) (40,283) {41.1341 Reco￿l11at1Qn of lunds Total luThJ5 brought ft￿ard Total funds carried foTrvard 2.726.031 198.215 2.924.246 2.725.180 157,932 2,883,112 VIrfuolSbU￿reTI￿S1￿￿Tr R•f. mwx64AtsVIZA22 2023 12mmwcY, Trade and Inthjsty The adthess cl its registered t￿fice ￿ The Eco Certh. Wfftdmffj Way. Hebbwn, Tyne & Weov, NE31 1SR 2 Pxcounting policies SUTr￿ of significant accounting policies and key accounting estimates The principal accounting policies applied in the Preparatic￿ of these fiWnc￿ sta*ments are Set out below. These pdicies have been Consist￿ *ied to all the wesented, unle55 othe￿ise Slatement of ¢ompliance The financial statements have been wepared fft xc4xd8r￿e knountThJ and Reporting by Charibes". Statement of RecI)mm￿ded Pradi¢e law1￿ble to Char￿e$ weparing their accounts in o¢¢tydan¢e wth the FinwKial Rwng SI￿dard appli¢abk in the UK Re￿￿11¢ of IreIar￿ {FRS 10211 li5sued I) October 20191- Icharhies SORP (FRS 1021), the Financial RewtiTrJ Stsrmlard apFqi¢aL4e in the UK ￿ Republic of Ireland {FRS 102) ￿ the Cixnwues Act 2006. Basis of preparation GrounoknTk Soulh arKI North Tsnes*Je meets the defirwtion of a public bemfft entity under FRS 102. Assets and liabil￿e5 are iiitiaty recc•Jnised at hi%tcrfical cosl or trarsaction value unless olhwwse slated in the relevant a¢cx)unting notes. The fu￿110n￿ (￿rrer￿Y ol the w is tr* £ SterfTrrKJ. Basis of consolidation The o)nsolidatsd financial statements MnsofKJate the fvkwKial statements of the charrty and ts SLtsidwry undertakiTh￿ dravm up to 31 2023. No statement of financial aclNilies is presented fof the charity as pem)itted by section 408 of the Companies Act 2006. The chwty a deftit after tax for the fmancial year of £111.569 {2022 - £52,714.) rtVaL9gTrabJfftTr￿S￿th Ref 3TW4.x64￿.WLlK TID￿￿￿23 1?02.Z6GIIT{U￿ •0)04￿ P21trf Groundwork South and North Tyneside Limited Notes to the Financial Statements for the Year Ended 31 March 2023 A subs1￿￿ry is an entity controlled by the charty. Control is aclyeved Ithre the charty has the power to govem the ffinan¢ial and OFeratiw pol￿¢e$ of an entity so as b obtain benefits fr(Yn ts athitss. its S￿51dlanes. Ythich are rélaled p*t*s. ae elDni*ted wi fidl. Accountirvj policEs ¢A sthwJi¥ie$ have be￿ vAve kj enswe (YM5i$terw vAlh the policies adopted by Ihe group. N(¥KU￿OI11Vj interests in ts net assets of cx)nsolidated subsidi¥ies are hlentif*d sewately frLYn Ihe group's equity there¥1. NLTrcontrolling interests ¢on$ist of the arn￿￿1 of rrterests at the date of tr￿ ￿lgIn￿ bjsness combinats'on and Ihe non•￿ntro[lIThJ shareholtsrfs share of charys in equty sirKe ts dale of Ihe ￿K￿binatiOn. Total comprehensive income is attributed to r¥)r￿cOntrOllmg interests even rf this res￿5 in the Going concern The trustees consthr that there are ry) material wKerta1￿les about the group's abilty to C4>ntinue as a going concem any signifi￿t areas of wKert•nty affectthe cffjY¥J w￿￿e of assets held by Ihe group. Estimation uneertainty and judgements In the applicatton of the Trust's accounliThJ Fdicies. the direcbrs are wred to make judgements, estimates and assumpkns about tr* can)ing of assets and Ik*Aities that are rK*t readi apparent frrAn ots sourees. The estimates and associated assumptions are based on historical experience and other factots that are eonsidered to be relevant AcknAI resutts may differ from these The eslAnales and unde￿Ing assumpttons are fevimd on an cry)iryJ basis. Rev￿￿n$ to acwjntng estimates are recojrised in the pe￿d in ￿t￿ch Ihe estimate is revised the revision affects onty that peritsl. Of li Ihe Per￿ of the rthrysion and fijlwe periods th the revision affects both ujrrent and future pe￿d5. There are no siwificant accounlwvJ eslimatss vhxh are constdered to rnatefi* tmpact the finan¢ial slatemenls. Income and endowments AJI income is ree4)gnised the dwity has enbdement to thè inetin*. it is prO￿e that the income VAII be re￿ived the arnount of the incixne receivable can ￿ measwed relbably. Trnnslu￿ IleF mY4.X64M.IVZJK 22 20J I2￿26 GklTIUTC.O)D4M P 2 Groundwork South and North Tyneside Limited Noles to the Financial Statements for the Year Ended 31 March 2023 Donations are recognised the charty has tse￿ nolified in 4wifing of both the amount and sdlement date. In the event that a (knnalion ts s￿le¢1 to condttffls that require a level of performan¢e by the charity before the ch￿lty is entilled to thè funds. the ir￿rne is deferred and not r¢¢ognised urrtl either IIM)se cl￿dI1￿)n$ are lulty fTrf fU￿lMent of those condibc￿5 is whdty vrfthin the ¢ontrol of the d￿lIty and it 15 probable that tsse ¢ryKliltw$ VAI be futfilled in the reporting per*)d. Legacy gts are recwised on a case by case bas￿ folkMrvJ ts gmt of wob* vthen the administratorlexeurtor lor tr* estate has communicated in vffiling both the amowbt and settlement d*. In the event that the grfi is in the fligatiM tr) that expendilure. it is probable setmemenl is requyed the amtyrt Can be measured reliabty. AM Msts * albcated to Ihe applicable expenditixe heading that aggregate similar costs to thal category. Where e05ts cannot be diredy attritArted to part￿¥ healings they have been all￿ated on a basi5 C4)nsistent wilh the use of resources. VAth staff costs allocated on basts of time spent. and depieciation charges allocated on Ihe of the asset's use. Olher siw costs are allocated based on the spread of staff eosts. Ralslng funds These are c05ts invjrred in attraclirvj ¥dLmtary vMxThe. tl* mryement of InVestrn￿ Ihose incurred in trading acb'vth that raise funds. Chatftable actmtles Charitable expendrture c1)m￿ those ¢05ts wKuThed ty the cha￿ in the i*livery d its a¢tivAies arKI services for its beneficiaries. 11 includes both costs that be aliocated directy to such activths Governan￿ costs These incI￿￿e Ihe costs altr*￿ble * the t*ariVs compliance wth constilutiL¥￿I and stalutory fequirements, DKhKling audit. strategic management and trustees's meetings and feimbursed expenses. rtu•Wr•fvrp Ti¥rrAdw Rel 37W&X64M¥IZJK 22 12.02 26GMTiufc +OID4g4 P IWO Groundwork South and North Tyneside Limited Notes to the Financial Statements for the Year Ended 31 March 2023 Government grants Govemmenl grants are recognised based on tr* perforrnan￿ model and are measured at the fair ue ol the asset recthved or receivajle. GTrnts are recwised in rKome 4there there are no performan￿ condrtws. If there are suth pwfrymance crmditicffis. Ihen Ihe oicome is deferred and Taxation The charity b c¢n%dered to pass the tests set (Art in Par4raph 1 Schedule 6 ofthe Finance 2010 and therefore it rneets the deffin￿(￿ of a charilable (xlnpany for UK corporation tax purposes. Accordingly, the charity is poteth.alty exempt frcxn taXatK￿ n respect of inwme or capilal gains received with¥1 categories c4)vered by Chapter 3 Part 11 of the CorFualion Tax kt 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992. to the exlent that or gaiB are ap￿led exdusivety to charitable PU￿)$e5. Tangible fixed assets Indiwdual fixed assets o>sliNJ £1.0(Kl.l)O (* xe recorded at (xtst. Depreciation and anwrtisalioTr Oepre¢ialion is provided on tarvjibfe fixed assets so as to ￿￿te off the cost valuation, 185$ any estimated residual value. over bkir exFecled econorric Ibfe as folm: Asset Class L*d and 8uildings Plant and Machinery Mcknr vehicfes Other Tangible f￿ed assets stock Stod( is val￿1 al the of c05t and rnl reati5*1e val￿. Deprttiation rneth￿ •KI r41¢ 2% Straight Line 6.67% strauht li 20% strai*t line betrhwn 20% arKI straight Ine Trade debtors Trade debtors are amcArts due frcrn customrs for mer¢hx#dise scld or services perf￿rned in the ordinary t￿r8e of bu$r￿. Trade debl¢)rs We re(wnised iThtialy at the tranwtim pri￿. Try are subsequenuy measwed at amorti5ed ￿$t using ts effectNe inter￿t mettK¥I, less pfovisK)n for impawment A womston for the imwrynent of trade deblops is established there is objective e¥idence thal the ¢hartty will not be able to collect al amcwts due accordir¥J to Ihe tyiginal temis of the receivth. Cash and cash equivalents Cash and cash equivalents ea$h and call deposrfs. and other short-temi hvjhly liquid invethents that we readity convertible to a amount of cash ¥KI ¥e subj'ect to insignfficant risk of change in fdlue. 27 wtUal%*￿￿1ÈTNn#BÈtth Rel JIW4.XWVIZJK ?2 ts￿2023 12tr2XGklTIUTC 401044 P Groundwork South and North Tyneside Limited Notes to the Financlal Statements for the Year Ended 31 March 2023 Trade creditors Trade cleditws ale oblvjations to pay for goots or ser¥tyces trbat have been acquired in the orthnary course of business from suppliers. Ac(yyJnts payable are da5sified a5 cwrent liabilths if the charity does not have an unconditional righ[ at the erKI of the reF¥yling defer setuement of the creditor for at least twelve months after the reportrfj date. ff is ￿ Unc￿d1110n0l light to defer sduement fty at least months after ts rwbng date, tw are presented as non4urrent liabilibes. Trade creditors are recognised ￿￿"alty at the Iran$&ti￿ wice arttl sthequenty measured at amortised cosl usThJ the effeclNe irrterest melhcwj. Bo￿owing5 Interest4>earing IMty¥vws a￿ recorded at fay Va￿￿. net cl trar6adi¢)n ry)sts. Interest4>earing t￿￿ngS we subsequenty carrièd at amth*sed cos( hith the difference beh¥een the woceeds, net of transactm￿ costs. arKI ts amount due on redemptK*n being re¢ognwd as a charge to the Slatement ol Fiw¢ial Acknlies over the ptriod d the relevant ￿￿oWIng. Inlerest expense is re¢oJnised on the basi8 of the effective Irknst method arnl is W￿luded in interest paydNe and swnilar charges. 8orrowir¥Js classified as (went liabililies unless Ihe ¢hwity has ￿ wwnditA)nal rigm to defer setdement of tr* IRbihty fu at leasttr**fve ￿￿th$ after ts repxbng date. Fund slNcture Uwestricted income funds are ger*rnl ftmds that are av*t4e for use at the kntstees d￿reti￿ WF furtherance of the obiectNes of Ihe gr(KP. Restricted income funds are those donaled for use in a pathjlar area (Y lor SP￿fiC purposes, the use of vhmch 15 restricted to that ar¢a or purpose. 28 WTrlLWSwiweTians*dw R•1 3TW4.X6￿.wZJK ??0￿2023 1?02 36 GPAfwTC •OID4# P 311•6 Groundwork South and North Tyneside Limited Notes to the Financlal Statements for the Year Ended 31 March 2023 Pensi¢)ns and other post wetirement obligations The group operales a defined LwlribulKm pensk)n scheme vthich vs a pertsi)n plan under vthich fixed cl￿tribU110nS are paid into a pen￿on fund and the wp has no ￿al w cortstwcbve oblgats'on to pay further cOntrt￿lI0nS ev￿ rf the fund does not hold sfftient assets to pay all emknes the benefrts relating to employee seNce in the current pericxl5. Contribution$ lo defined ¢￿￿)ull￿ we recognised in the s￿tem￿l of Financial Act￿ry￿e$ n they are due. If o)ntr*xitw PayTnents excyed the c4xtr1bu¢¥￿ due for se￿￿, the excess is re¢ognised as a Prepa￿nenL The charitab￿ Company also operates a defir*d beneft conlnbution sctr*me thr￿gh The Federatton ot Grounoknrk Trusts which is currenty admirastered by AegNb Scotbsh Equtable. The scheme is available lo all empknyees. The assets of ts scheme *e held sepw*ely ftom those of the Charitable Company. Tr annual cthrbuticrts payable ¥e Charged tr) the statemert offinar￿1al aclivrfies. A few ￿rrent and Wnpl0￿ of the charits￿e C(mp￿Y partKa'pate in TsTre and Wear Pension fund, a defir*d benefft scheme. H()v￿er, the scheme is a mulwe employer ￿herne and the Charitsble Company is unaWe lo identify its share of the underwo assets and liabilit￿. Contributions payable to the scheme are charged kn Ihe rKcffne and expendilwe account so as to spread the cosl of the pens•)n over Ihe empknyees. expethd workry We. The Pen$h￿ tharge is ealculated on the basTs of acluwid a(fvice. The are invested seperately trom the Charitable Com￿￿5 Assets. Fin•n¢ial i￿1￿MentS The group only ha5 financial assets and financial liablibes of a that qualfy a5 basic fnancial instruments. Bas￿ financial tnSln￿nts are inthlFy recognised at Iransaclion value subsequenlly meaypured at their setuernent v4ue eXcep1￿n of l>ar* lo￿5 are subsewently measur•Y at arno￿5ed cost using Ihe effedive interest method. 3 kncome from donations and legacies fvnds Genwal Restricted Total 2023 Oonat¢ons aTrJ le9￿. Donations Grants, including ￿pts1 wts; Government grants Grants 4.343 22,389 40.180 66.912 10.180 36.912 30.000 30.000 rtL•oabJl• 37YM.X61M4VZJK 22 Cw 2023 121)226GMT{Lifc •QlD411 PJZI46 Groundwork South and North Tyneside Limited Notes to the Financial Statements for the Year Ended 31 March 2023 Unrestricted ToLIl 2022 General Donations Legacies Grants, induding capilal grarts: Govemment grants Grarts 20.137 10.000 20.137 10.IKKI 28.725 14,459 73.321 28.725 14,459 73.321 4 In¢orn• Irom ch*itabh activits funds General Restricted funds Total 2023 Prq'ect trKome. EmplwenVSEN Projecl knccThe- BUSY￿S Project Income- Education Project Income. Cornmunitie5 Project Income- Land Ten Norlh East Adr4its 431,008 1.671 49,804 399.485 35.675 234.910 437,291 309,045 132.604 770.195 167.565 239.765 307,374 82.8(10 370.710 131.890 4.855 3.912 1 152.553 1056.465 Unrestricted l￿d$ Restricted funds Totsl 2022 Project Inc(Yne. EmthThenVSEN Projed IncLvne. Business Project Incc4ne- Education Project Incc¥ne- Communilies iect Inc(¥ne- Land Ten North Ea￿ Aclivibes 489.420 492.326 25.784 124.556 718.798 143,779 182.024 1.687.267 25,784 T1282 5.890 122.832 47.274 352.908 20,947 182.024 1.092.573 594.694 Raf 3TWI.X64￿wZJK 22 Qec 20J 12fj2% GVTIUTC •O)04.¥ P3 Groundwork South and North Tyneside Limited Notes to the Financial Statements for the Year Ended 31 March 2023 5 Income from other Irading a¢tivilies Unrestricted nds General Total 2023 Income from Ira(*ry subsidiary Tradw in¢c4ne- W#th￿l 157.6TI 157.6TI 157.6TT 157.677 Unrestricted Total 2022 General Inc)YJ I￿16 GMT(IThG •OID4J4 P 34116 Groundwork South and North Tyneside Limited Notes to the Financial Statements for the Year Ended 31 March 2023 7 Olher income funds General Total 2023 Other iKome 970 970 Unrestricled fvnds General Total 2022 other income 14,378 14.378 Virfuatswn*w• TIw5)Jts)R•f mw.xe4M.WUK22 0￿20¥J 12rt26 GmToJ￿ +O)D44 P Y416 Groundwork South and North Tyneside Limited Notes to the Financial Statements for the Year Ended 31 March 2023 8 Expenditure on ¢hwitable activitie5 Unrtstricted Total 2023 General funds EmptOyTnenVSEN Busine Education Communities Land Ten Norfh East Aclivilies 6.282 194.386 91,919 393.784 127.47T 163,342 977.170 431.lJ)8 437.24fl 104.962 152.543 946.802 163.152 433,753 2.328,X12 60,624 553.018 35.675 270.411 1.351,332 Unrnstricted funds General Restricted funts Total 2022 Employment 8usines$ Education Communities 155.1%3 21.305 72.679 391.140 103.913 20.394 764,494 484.196 639,259 21.305 125.917 787.304 128,663 206.246 1.908.694 53238 396.164 24,750 185.852 1.144.21X) Ten North Ea51 Aclivibes Activity support undertaken 2023 EmploymenVSEN Business Ed￿atiOn Communities 338,585 125.046 123,754 769.￿5 126,137 359.961 98.705 69.916 28.789 176.847 37,015 73,792 485,064 437,290 194.962 152.543 946,802 163,152 433,753 2,328,502 Ten Norlh &tst A¢liythes 1.843.438 A4f 3Th4.X6114.wtJK22 Ole 2023 12trI Th GMT (Utc +O)D41• PJW Groundwork South and North Tyneside Limited Notes to the Financial Statements for the Year Ended 31 March 2023 A¢tivity undertaken directly support cosls 2022 EmploymenVSEN Business Educalion Communities 479,C*2 11.597 87.081 559.146 ,119 160,701 1.3TT.7(k8 160.197 9.708 38,836 228.158 48.544 45.545 530,988 639,259 21.305 125.917 787.304 128,863 206.246 1.9)8,694 Ten Norfh East Aclivilies ID addibon to Ihe eXP￿￿￿tUre analysed alx>ve. there *e go¥emm of £11.940 (2022 - £14.103} rdate drecty to charilable aclivil*s. See ntste 9 for futhr details. 9 Analysis of g¢)vemance and support ￿51S Supwt costs all0&￿ed to charith￿t activities North Easl EmploYn￿￿ Business EducatlortomM￿i1Ie5 Land Activilies Total 2023 14.281 18,937 11,367 10.115 13.414 4,165 25.587 33.930 5.355 7.102 4262 49.474 2,835 108.97T 81.741 47,362 Deprecthon Premises Costs Repairs and maintenan Se¢urity costs Offi¢e ￿$ts Motor arKI travel k charges General expenses Prolessiona Fees Groun¢h¥oth UK Membership 3,315 6,778 3,416 17.102 1.038 1.631 4.801 1420 12,114 735 1.9TT 12.143 6.121 30.641 2.542 28,241 14,234 74,862 5.728 7.585 6.413 303 475 1.403 791 2.921 612 1.343 2A01 4.186 9.753 12.252 8.678 3,573 21,951 4.595 11.519 62.568 1,760 1.247 513 3.153 7,333 8.803 6.235 15.713 3.301 37,015 36.680 73.792 485.064 98.708 69.915 28.787 176.847 w￿￿81$*￿￿Jn Th4.X64M4VZA220*2023 121ri.2SGMTOThC.Q?D414 P 37116 Groundwork South and North Tyneside Limited Notes to the Financial Statements for the Year Ended 31 March 2023 Ten North East Total staff costs Deprecialion Premises tht5 Repairs WKI maintenance 577 26.331 26.873 3.793 15,170 89,125 37.502 38.273 18.963 7.979 8.143 23,551 4,083 213.179 83.874 81.433 1.629 6.515 6,240 5.034 9.915 1.184 376 1.513 18,940 15,255 7.1n) 14.122 1.687 919 1,526 601 72 610 395 570 Motor and travel Bank charges General expenses Professional Fees GrounoknTk UK Membership Goveman 5ts 287 359 195 2.S24 13.070 3.169 18.615 3.961 170 39.7 1.631 1323 13.321 18.263 2.970 720 42x1 3,727 160.197 1.130 2,807 14,103 45,545 530.988 9.708 38,836 228.158 48.544 10 Net Incomintyo￿90in9 iesourcej Net 0￿goIng resour￿5 for Ihe yew irdude: 2023 2022 Autht fee$ 0epreeiati.on of fNed assels 11.7fKI 91.173 9.750 90.636 11 Trustees remuneration and expenses No trustees. perJ(Th (￿me¢led wilh trth. have receNTd ary fanthwation from the group during tr￿ ￿ar. No tnJstees have rec*ved any re#ntMmd exp*w dher berth from the chanty thming the year. JalS19nab￿ srw4.x6l￿￿Zjrt22 ￿2023 124J2.28w{urc •O10451 P W6 Groundwork South and North Tyneside Limited Notes to the Financial Statements for the Year Ended 31 March 2023 12 Staff ¢osts The aggregate pasrol costs ￿ as fofKMS: 2023 2022 Staff costs during the yeaw Twewe: Wages aThl So¢KI1 $e¢urity costs penS￿n Costs 1,289207 79226 70.222 1.176,339 65.661 58,618 1.300,618 1.438.655 The monthty average ol persons fnclLKlry senK>r rnwwent I leadership team) emFloyed by the group during the yew exwe5sed ￿ fu￿ time equbvalwts was as foll¢)ws'. 2023 time The numb¢r Of emplo>￿ wknse ern0[￿￿ents fdl wilhii Ihe f￿l￿ry￿a bands was: 2023 2022 £60,001- £70.IWJO £W,001- £100.IX The total ¢mF￿o￿e benefrts of the key m*m9em￿ persufftel of Ihe group V*we £118.688 {2022 . £87.7561. 13 Audttors. remuneration 2023 2022 Audit oflhe fin￿al statements 11.7(N) 9.7SO 14 Taxalion The group is a registered ¢l￿rtY and is IF￿1(￿e pokntialty exempt from taxati￿ in respect of income or capitsl gains received within categoms o)vered by Chapter 3 Part 11 of the C(wporation Tax Act 2010 or Section 256 of the TatstN)n of Chargeth Gairts Ac* 1992. to the extent that such income or gails are applied eXdU￿Ydy b dwitswe yposes. wtha1s￿r*J￿ Transeupjn R•f mY4.Xe4￿VlZ* 22 D•e>)J T?fj2.￿ GMfiuTC *OI D114 P ￿116 Groundwork South and North Tyneside Limited Notes to the Financial Statements for the Year Ended 31 March 2023 15 Tangible fixed assets Gwo L•nd and buildings Plant and machinery vehicles TEN Fixtur Tolal At 1 Wil 2022 Additmy 5.583.989 222,551 6.953 410.691 6.299,627 32,953 26.(NJO At 31 March 2023 5.583.989 229.504 108.39B 410,691 6,332,580 Dweciation At 1 April 2022 Charge for the 3.320.550 2rxi,740 43,515 381.W2 3.946.707 67.978 3.023 9.244 10,928 91,173 At 31 Mwch 2023 3,388,528 203,763 SZ759 3¥2.830 4.037.880 Net book value At 31 ￿ch 2023 2.195,461 25.741 55.637 17.861 2.294.700 At 31 M¥ch 2022 2.263.439 21.811 38.881 28,789 2.352.920 Included vAthin the net book of l*d and ￿lI05￿S atM)ve is £1.454.492 (2022 - £1.503.4861 in respect of freehdd land and buildings and £740.969 {2022- £759.9531 in respect of ￿SehOld$. Charity Land and buildings Plant and machinery Molor vehicles langible fixed asset Total Cost At 1 April 2022 Addl￿n$ 5.583.989 205.646 6.953 82,396 26,000 387,180 6.259,211 32.953 Al 31 March 2023 5.583.989 212.599 108.396 387,180 6.292,164 Depreciation At 1 Awil 2022 Charge for the year 3.320,550 183.835 43.516 362.418 3.910,319 67.978 3.OZJ 9.244 88,338 Al 31 March 2023 3,388.528 186,858 52.760 370.511 3.998.657 Nel book value Al 31 March 2023 2.195.461 25.741 55.636 16.669 2,293,507 Al 31 Marth 2022 2,263.439 21,811 38.880 24,762 2.348.892 37 Vwwa151pTr&iur*Tmn¥lluJM Rel 3TW4.X61￿w1l{22 0•¢ wr4 12m2S GMT(UTC •O)0414 P40Mfj Groundwork South and North Tyneside Umited Notes to the Financial Statements for the Year Ended 31 March 2023 In¢￿ded wlhin the Mt book vah* ol land and buikthy above Is £1.454N92 (2022 . £1,503.486) In respect offreehold land and buil(thry and £740.96912022. £759,953) in respect of leaseh¢kn. The Charitable Comp•ry ha$ trfv) c(¥nmer¢ial property Part￿lsh￿S th•t ¢￿trIX￿e to the ￿ed assets of the Charilable Company. bekMI is an over41￿ oftr* partrwships. Trwiity Green IOTG)- The Charitable coM￿Y. n partnershp South Tsfftes*Je Council and th ERDF fiJThling SUPPOTL COr￿tr￿ted OTG in 2012 lo siipwrt the regerthtion of the Laygate area of South Shields. The Charitable Cclnpany has a 25% share in OTG that ew to £786.7￿ of Land ar￿ BuildY￿S the finan¢ial ststtyn¢rts.' The Beacon . The Charrtable Comwy, li partrwship Centre West Charitable TN5t and ERDF funding swort, ¢￿structed The Beacon COMM￿ty EntelFX￿ in 2011112. The 125 year collaboration aims to assi81 n the regenwab'on of ts West End of Ne%￿a$￿e. The Charitable Company has a 42.39% share in The Beacon thal equa*s to £759,952 of Land and Buildrys wthin the financial Staterf￿nts. 16 Fixed asset inveslments Group 2023 2022 Shares in group undertakThJs and parbop*ffj intwests ChaTity 2023 2022 Shares in group undertakings and participating interests Subsidiary undertaking5 Total Cost At 1 Wil 2022 At 31 March 2023 Net book value At 31 March 2023 At 31 Mareh 2022 D¢tail$ of und¢rtak#w$ DetaiL8 of Ihe inves1m￿ in wthich the tharity holds 20% ￿ more dthe nomy￿1 value of aiy ckss of sh¥e capital are as fdkms: V*￿41&9￿•*J￿ythrA￿Jon￿￿ jwxfj￿w1rt22(￿¢￿3 12f428GklT{Lifc •OIC•W P41116 Groundwork South and North Tyneside Limited Notes to the Financial Statements for the Year Ended 31 March 2023 Country of inc¢xporatiM Holthg Proportion of voting rwts and shxes held 2023 2022 Undertaking Subsidiay undertakings WirKlmill Sustainable Business Solutions Linited England arKI 100% Ten North East Ltrnkd England and Subsidiaiies The Su￿1￿8 fN the finanaa period ol Sustsinabte Business Sthlthions Limited Wds £4,7PJJ {2022 - £5,614) and the aggr4ate ￿n￿nI d wilal ￿ reserlts at the end of the period was £12,80712022 - £8.1071. The suWus for the fina￿Aal wi(Ml d Ten N(Klh East Limbted was £2,444 12022 - £5,966} and the aggreg* amount of c*1 and ￿serIeS al the end of the was £61258 (2022. £59.814). rtwlSgwroTrJrrJoc*tsI Rql 3y￿X64￿￿wzJK 22 OB¢ 20rJ 12tr36 GMT (iJTC •Ob0414 P• Groundwork South and North Tyneside Limited Notes to the Financial Statements for the Year Ended 31 March 2023 17 Stock Group Ch¥ 2022 2023 2022 Worf( fft pragress 4.1NJ 18 Debtors 2023 2022 Trade debtors Due from group urnlertakw PTepayThents 274.354 377A82 257,414 27.766 18.264 159,286 78.164 352,055 20.330 9,068 146.633 133.223 18264 159286 96.471 11.964 146,633 140.815 Oiher debtors 548.375 676.894 e61.309 19 Cash and cash equivalents Group 2023 2022 2023 2022 Cash at bank 593,032 434.362 505,11f2 376.101 20 Creditors: amounts falling due wilhin one year Group Ch¥ity ' 2023 2022 Ink loans Trade creditors Due to group urKlertaking$ Other taxalion and soc￿1 securty VAT 9.282 199.264 9.451 18(1.7TO 9282 193.837 9,451 167.586 15.312 11947 23.965 18.273 378275 642.006 13.603 20.676 8.611 319. 552.175 12,$81 23.965 18,273 354.( 611.946 13,603 20.676 8,611 302.824 538.063 Accruals and deferred income Tr4fj5BUDJTr8ef )TW4.X64ktrWZJK22 Dec ZOZ) 12JrèM GIIT¢UIC •O}0414 P4Y46 Groundwork South and North Tyneside Limited Notes to the Financial Statements for the Year Ended 31 March 2023 21 Crethtors: amounts falling the after one year Group Charity 2023 2023 2022 Bank loans 23,935 33,049 23.935 33.049 The lo￿ detailed aljove is a Bad( Loan that was obtained in J￿Y 2020. The loan peri¢xl was agreed as six ￿r$ wth an nteresl r* of 2.5% above Bank of E￿Iaftd base rate. The loan wll be fulty repaij in Juty 2026. No se¢urity was ￿ti￿ded against loan. 22 Pension and other schernes Defined contribution pension xheTne The group operates a defined ¢onthbulI￿ Pen5K￿ sd*me. The cost charge for ts ￿ar represents contributiw Payab￿ by the group to the sthme •KI ￿rA￿ted to £70233 (2022 . £58.618}. Contrfbulions totamiro £18.39312022. £8960) to the scheme at the end of ts year and are included in rxeditor5. 41 TMns*KJn Rof. 3Tw4.x64AI-Y￿K ZZOKairJ I2￿.26 G¥TIUTC •oIDWPI4M6 Groundwork South and North Tyneside Limited Notes to the Financial Statements for the Year Ended 31 March 2023 23 Funds Group Balan¢e at 31 March 2023 Incoming Resources re￿urceS expended Transfews Unrestricted funds General thJr#Js 1725.180 1.194,501 (1,130,088) {113,327) 2.676.266 Restricted fvnds Business EdLKation Communibes Land Ten North East Activrfi SEN Provision 1.671 (596) 49,804 16CI,6241 399.485 (553,0181 35.675 135.675) 264.910 1270,411) 431.008 11,075) 10,820 103,582 127.898 77.947 24.533 Total restricted funds 1S7.932 1.182,553 1,351.332 113.327 102.480 Total lunds 2,883,112 2.377.054 2,481,420 1778.746 Balance at Iwil 2021 expended Transfers Balance at 31 March 2022 Unrestricted fvnds General General funds 1726.031 916.795 (906.302) (11,344) 2.725,180 Restri¢t¢d funds EmployTnent Educal¢on 489,420 47.274 352.908 20,947 182.024 (484.196) (53.238) (396.164) (24,750) 185.852 (5,224) 5,964 4.856 186.298 127.898 Land Ten Ncrti East Aclivibes 31.917 30,034 Total r¢stricled funds 198,215 1.092,573 1,144,200 11,344 157,932 Total fvnds 2.924246 2.fM)9.388 2.050.502 a883.112 rtL￿S￿￿rTr Ael 3rw4.X64M.W2J( ZI 00¢))23 121Y128GklT{UTC +O)0414 P 4YI6 Groundwork South and North Tyneside Limited Notes to the Financial Statements for the Year Ended 31 March 2023 and Supporting YouTrJ People. ￿rf￿ation (m those fiJrKls is availab￿ wlhin Ihe fmancial statements of TEN. Oiher restricted funds rekyesent praiect fiThl in¢ixne ￿1¢h has be￿ recep￿1 to en*e Speufic projects to be undertaken in tr* >tar. 24 Analysis of net assets bel*Yen fundg Group General Restflcted Total fvnds Tang￿e fixed assets Net cuffent asSets1{￿atrI11fles) Creditors over 1 year Totsl ret assets 2.294,7(X) 405.￿1 23.935 2,294,700 507.981 23,935 2.778.746 101480 2.676.266 102.480 Unrestricted Total funds al 31 March 2022 Restricled Tangille fixed assets Net current assetsllliabilrties) 2.352.920 405,309 {33.049) 2.725,180 2.352.920 563,241 (33.049) 2.883,112 157.932 157,932 25 Analysis ol nel funds Group All￿7 2022 Financing cash flows At 31 March 2023 Cash at bank ar￿ in hand Debt due withwi one year Oebt due after rn￿e than one 434,362 19,451} 33.049 158,670 169 593.032 {9,282} 23.935 Net funds 391.862 167.953 559.815 UHIS￿nI￿￿ Tr*r*JL*DJThR¢l 3TW4.X64M.WZJK22 0x2023 11.0228GUT(Iirc *OID4M P4W6 Groundwork South and North Tyneside Limited Notes to the Financial Statements for the Year Ended 31 March 2023 At l Awll 2021 Inanclng cash flows At 31 March 2022 Cash at bank and ￿ haTrd Debt due vithin one year 498.879 (7,5￿) 42.5 164.517) 11.9511 434,362 {9.4511 33.049 391,862 Net fvnds 448,879 57.017 26 Related party transactions Group Groundwork North East (comm￿ Trustees) D Pearce and A ThurstOfK tr￿tee$ of tt* ch*itth Comp￿ are also trustees of Groun¢fvK*rk North East. During the ￿#T ended 31 March 2023 the CoMp￿Y procured wds and services from Groundwoth North East amoun1w￿ to £NII {2022.. £35,795 aNI made sales to Grourthyork Norlh &ist nounting to É83,602 (2021.. É59,1231. At the balance sheet dale the amount due tolfrom ¢knnthvJk Noth East vra5 £Nil12022- £NI). 27 Collaborations As explained in note 15 of the fnancial statemerts, GrowKhth has two W-temi legatly binrfirwj collaborations. below is an ovwvtew of the collabora11￿. One Trinty Green {OTG) . The Charitable Company ha5 a lOn￿te￿ Collaborati(￿ wilh Soulh T￿r￿sIde Council in the develowenl and maiagement of OTG Business Centre. The ￿llabOrati1)n is to support the regeneration of the Laygate area of South Shields and develwent of a Business incubator Ihat supputs new emerging t￿$1*$$ leadirKJ lo buSy￿sS grovAh and employment opportunit*s. ThroW tr* edlaboralion. Ihe Charilable Company has a 25% sh¥e in OTG. 8eacon - The Ch*ilth COMp￿Y has a 125 ￿ar cdlabcrfat#)n ￿1th Centre West Charitab Trust in the development al￿ managefflent of the 8eacx)n Communty Enterprtse The (x)lIa￿rati0n 15 to support the regeneraliw of the West EThJ cl Newcaslte as well as furthemg the aims of the fyyo charilable crynpanies. The ethos of Ihe centre 1$ to provKle affordable flexible office spaces and artisan workshops to local new and Wner9W￿ Iwsinesses that suppwt the parlners, charitsble aims. The Charitable Company has nominated fy¥0 represenlab'ves onto The Beac Partr*rstrip Board. Through the collaboratw. the charital￿e c￿npa￿ has a 42.39% share in The Beacon. In a¢￿anCe ￿ FinarKral ReFoitiry Ststement 9 - A¢¢I￿nti￿j for associates. joint ventures joint aThangements, these financial statements reMgnrse onty Groun(h¥LYk South and North Tynesidè's share of the income. exp￿lb￿e. asset liatiltss of Ihe ¢￿￿b￿al￿ PToJett for The 8eaeon Partnership.