2021-03-31-accounts

		Page
Chairman's Report
Report of the Trustees'		2-11
Independent Auditors'	Report	12-15
Group Statement of Financial Activities		16
Group &Trust Balance	Sheet	17
Group Cash Flow Statement		18
Notes to the Financial	Statements	19-39

and executi	and executi	ve officers serving during the y	ear and since	the year e	nd were as	follows:
Members:			A Thurston	(Chair)
			I Brown		(Resigned	24 November	2020)
			D Martin
			D Pearce
			J Pntchard
			TJustice
			M Schooler
			SThackray
			TCase		(Appointed	5 May 2020)
			A Hill		(Appointed	24 September	2020)
			Sir P Ennals		(Appointed	23June 2021)
			H Simmons		(Appointed	23June 2021)
Executive		Officers:
Chief Executive Officer			K Culverhouse
Director	of	Finance 8 Corporate Services	JP Heatherington
Company		Secretary:	JP Heatherington		(Appointed	23 June 2021)
Company		Number:	02702815
Charity	Number:		1017706
Registered		Office:	14Parsons	Court
			Welbury Way
			Newton Aycliffe
			Co. Durham
			DL5 6ZE
Statutory		Auditor:	Haines Watts
			17Queens	Lane
			Newcastle	upon Tyne
			NE1 1RN
Bankers:			NatWest Bank pic
			29 Newgate	Street
			Bishop Auckland
			Co Durham
			DL14 7ET

		Unrestricted	Designated	Restricted	Total	Total
	Notes	Funds	Funds	Fundsf	2021	2020
Income from:
Donations	3	550,236		195	550,431	15,216
Investments	3	53,407			53,407	60,929
Trading activities	3,12	465,760			465,760	701,898
Charitable activities	4			5,372,604	5,372,604	7,836,284
Other	3	64,282			64,282	214,879
Total income		1,133,685		5,372,799	6,506,484	8,829,206
Expenditure on:
Trading activities		402,483			402,483	598,063
Charitable activities		851,632		5,218,690	6,070,322	8,217,280
Total expenditure		1,254,115		5,218,690	6,472,805	8,815,343
Net income I(expenditure)	before gains I
(losses) on investment		(120,430)		154,109	33,679	13,863
Net loss on investment	12	(11,307)			(11,307)
Net income I(expenditure)	before transfers	(131,737)		154,109	22,372	13,863
Transfers between funds	18,19	(40,595)	117,465	(76,870)
Net movement in funds		(172,332)	117,465	77,239	22,372	13,863
Reconciliation offunds
Total funds brought forward		1,044,711	1,905,455	1,874,735	4,824,901	4,811,038
Total funds carried forward		872,379	2,022,920	1,952,974	4,847,273	4,824,901

Group Cash Flow Statement
		2021	2020
	Note
Net cash flow from operating activities	21	(151,879)	115,589
Cash flow from investing activities
Payments to acquire tangible fixed assets			(222,586)
Payments to acquire investments		(2,236)
Receipts on sale of tangible fixed assets			346,000
Receipts		10,929
Interest received		292	540
Net cash flow from investing activities		8,985	123,954
Cash flow from financing activities
New borrowings		50,000	325,000
Repayment of bank loans		(17,237)	(144,826)
Interest paid		(3,284)	(21,435)
Net cash flow from financing activities		29,479	158,739
Increase I (decrease) in cash and cash equivalents
during the year		(113,415)	398,282
Cash &cash equivalents at the start ofthe year		678,094	279,812
Cash &cash equivalents at the end of the year		564,679	678,094

				Unrestricted	Designated	Restricted	Total	Total
				Funds	Funds	Funds	2020	2019
			Notes
Income from:
Donations			3	13,516		1,700	15,216	5,303
Investments			3	60,929			60,929	70,762
Trading activities			312	701,898			701,898	552,103
Charitable activities			4			7,836,284	7,836,284	8,331,316
Other			4	214,879			214,879	34,698
Total income				991,222		7,837,984	8,829,206	8,994,182
Expenditure on:
Trading activities				598,063			598,063	546,297
Charitable activities				273,906		7,943,374	8,217,280	8,531,830
Working Links write	off							130,381
Total expenditure				871,969		7,943,374	8,815,343	9,208,508
Net income I(expenditure)		before	gains I
(losses) on investment				119,253		(105,390)	13,863	(214,326)
Net gain on investment			12					145,000
Net income I(expenditure)		before	transfers	119,253		(105,390)	13,863	(69,326)
Transfers between funds			18,19		117,465	(117,465)
Net movement in funds				119,253	117,465	(222,855)	13,863	(69,326)
Reconciliation offunds
Total funds brought	forward			981,984	1,797,990	2,041,064	4,811,038	4,880,364
Total funds carried	forward			1,101,237	1,905,455	1,818,209	4,824,901	4,811,038

Donations:		2021	2020
			F
Government grants —HMRC furlough Grants —Covid support Other donations	claims	502,174 47,135 1,122	15,215
		550,431	15,215

Investment inc	ome:
				2021	2020
				K	C
Rental income				53,115	60,389
Bank interest				292	540
				53,407	60,929
Trading activities:
				2021	2020
The Greenhouse	Company	(Groundwork)	Ltd	465,760	701,898
				465,760	701,898
Other income:
				2021f	2020 F
Profit on sale of	tangible fixed assets				125,809
Other income				111,866	89,070
				' 111,866	214,879

NCOME FROM	CHARITABLE ACTIVITIES
		2021f	2020f
Improve people's	prospects	3,781,639	4,933,427
Create better places		1,335,828	2,373,590
Promote greener	living and working	255,137	529,267
		5,372,604	7,836,284

			Support &
		Direct	Governance
		Costsf	Costsf	2021f	2020f
Improve people's	prospects	3,141,047	638,796	3,779,843	5,433,443
Create better places		1,835,985	280,748	2,116,733	2,505,118
Promote greener	living and working	150,702	23,044	173,746	278,719
		5,127,734	942,588	6,070,322	8,217,280

		Support f	Governance	f	2021f	2020f
Staffing		467,178			467,178	543,856
Transport		10,935			10,935	27,903
Premises		50,672			50,672	129,325
Supplies	&Services	289,992			289,992	279,692
Legal fees		74,613			74,613	26,147
Audit fees			9;000		9,000	9,000
Depreciation		40,198			40,198	35,188
		933,588	9,000		942,588	1,051,111

The aggregate	The aggregate	payroll costs were:	payroll costs were:	payroll costs were:	payroll costs were:			2021f	2020f
Wages and salaries								3,523,140	4,201,943
Social security		costs						256,265	296,334
Pension	costs							139,089	158,170
								3,918,494	4,656,447
Staffing:
The average number				of staff employed		during	the financial year was:
								Group
								2021	2020
Number	of staff							173	199
Number	of full-time		equivalent		(FTE) charitable		staff	152	169

		2021	2020
f60,000 f70,000 f80,000	- f69,999 - f79,999 —f89,999

ET INCOME/EXPENDITURE FOR THE YEA	R
	Group		Trust
Net income before transfers are stated, after charging/ (crediting):	2021	2020	2021f	2020
Interest payable on bank loans	3,284	21,435	3,284	21,435
Depreciation —owned assets	57,557	59,740	57,557	35,188
Profit on sale oftangible fixed asset		125,809		125,809
Loss on sale of investment	11,307		11,307
Audit fee	9,000	9,000	9,000	9,000
Non-audit fee	3,075	3,075	1,950	1,950

TANGIBLE FIXED Group	ASSETS			Furniture,
				equipment
		Freehold	Leasehold	and	Motor
		property	property	computers	vehicles	Total
					f.
COST OR VALUATION
At 1 April 2020		524,052	1,469,123	493,608	53,742	2,540,525
Additions
Disposals
At 31 March 2021		524,052	1,469,123	493,608	53,742	2,540,525
DEPRECIATION
At 1 April 2020		53,878	185,240	467,143	53,742	760,003
Charge for the year		9,450	30,748	17,359		57,557
On disposals
At 31 March 2021		63,328	215,988	484,502	53,742	817,560
NET BOOK VALUE
At 31 March 2021		460,723	1,253,135	9,106		1,722,965
At 31 March 2020		470,173	1,283,883	26,466		1,780,522
Trust
				Furniture,
			Leasehold	equipment
		Freehold	property	and	Motor
		Property improvementsf		computers	Vehicles	Total
COST OR VALUATION
At 1 April 2020		524,051	1,469,123	419,919	53,742	2,466,836
Additions
Disposals
At 31 March 2021		524,051	1,469,123	419,919	53,742	2,466,836
DEPRECIATION
At 1 April 2020		53,878	185,240	419,919	53,733	712,780
Charge for the year	.	9,450	30,748			40,198
On disposals
At 31 March 2021		63,328	215,988	419,919	53,733	752,978
NET BOOK VALUE
At 31 March 2021		460,723	1,253,135			1,713,858
At 31 March 2020		470,173	1,283,883			1,754,056

In respect of assets stated follows:	at valuati	ons, the comparable historica	l cost and depreciation value	s are as
			2021	2020
				F
Historical cost of revalued	freehold	property:
Cost
At 1 April 2020			430,000	492,080
Additions				. 200,000
Disposals				(262,080)
At 31 March 2021			430,000	430,000
Depreciation: At 1 April 2020			44,317	180,164
Charge for year Disposals			8,600	8,265 (144,111)
At 31 March 2021			52,917	44,317
Net historical cost value:
At 31 March 2021			377,083	385,683

FIXEDASSET INVESTM	ENTS
		Group			Trust
		2021		2020	2021	2020
Investment properties
Market value		2,190,000	2,190,000		2,190,000	2,190,000
Investment in subsidiary and
associate companies
In a subsidiary company	—The Greenhouse
Company (Groundwork) In an associate company	Ltd - Northern
Inclusion Consortium Ltd				20,000		20,000
Market value at 31 March 2021		2,190,000		20,000	2,190,001	20,001
Historical cost at 31 March 2021		4,882,672	4,882,672		4,882,672	4,882,672

Subsidiary Companies
		The Greenhouse	Company
		(Groundwork)	Ltd
		2021	2020
			E
Turnover		509,136	701,898
Expenses		(402,483)	(617,063)
Profit/(Loss)		106,653	84,835
Gift aid payments		109,387	22,809
Net assets		218,503	221,237
Associate Company
		Northern Inclusion
		Consortium	Ltd
		Period ended	Year ended
		Jan-2021	Mar-2020
		f.	E
Turnover		1,538,544	3,143,879
Expenses		(1,607,629)	(3,142,085)
Profit/(Loss)		(69,085)	1,794
Net assets		43,946	113,031
Share relating to Groundwork	North East	10,987	28,257

13.	STOCKS
					Group		Trust
					2021	2020	2021	2020
	Stocks offood and beverages				7,044	8,997
14.	DEBTORS
					Group		Trust
					2021	2020	2021	2020
						E
	Trade debtors				843,218	980,536	693,271	950,025
	Other debtors				4,794	39,414	4,665	39,414
	Accrued income				425,496	191,005	408,162	136,944
	Prepayments					29,361		19,247
	Amounts due from subsidiary			undertaking			85,164
					1,273,508	1,240,316	1,191,262	1,145,630
15.	CREDITORS: Amounts	falling due within one year
					Group		Trust
					2021	2020	2021	2020
	Bank loans and overdrafts				27,720	16,668	27,720	16,668
	Trade creditors				235,545	351,451	207,910	328,402
	Taxation and social security				203,875	186,807	203,875	123,102
	Amounts due to subsidiary		undertaking					182,636
	Other creditors				3,108	100,718	3,108	80,528
	Accruals and deferred	income			114,704	133,125	108,947	111,800
					584,952	788,769	551,560	843,136

					2021	2020
Bank	loan	—Charity	Bank		275,971	304,259
Bank	loan	—Bounce	back	loan	50,000
					325,971	304,259

					2021	2020
Analysis	ofloans
Not wholly repayable			within 5years by instalments		192,811	254,255
Wholly repayable		with		5years by instalments	110,880	66,672
					303,691	320,927
Included	within current			liabilities	(27,720)	(16,668)
					275,971	304,529

Change to	the Balance Sheet
			Year ended 31	March 2020
		As
		previously
		reported F	Adjustmentf	As restatedf
Unrestricted	funds	1,101,237	(56,526)	1,044,711
Designated	funds	1,905,455		1,905,455
Restricted	funds	1,818,209	56,526	1,874,735
		4,824,901		4,824,901
			Year ended 31	March 2019
		As
		previously
		reportedf	Adjustmentf	As restated F
Unrestricted	funds	981,984	(56,526)	925,458
Designated	funds	1,787,990		1,787,990
Restricted	funds	2,041,064	56,526	2,097,590
		4,824,901		4,824,901

Year ended 31	March	2021		Movement in resources:	Movement in resources:	Movement in resources:
			Balance at	Incoming	Outgoing	Transfers	Balance at
			1 Apr 2020	Resources	Resources		31 Mar 2021
Property funds:-
The Greenhouse			117,465			(117,465)
Greencroft Woodland		Purchase	40,591				40,591
Cockermouth	2 Market St		22,015		(4,403)		17,612
BBOProgrammes			14,021	2,186,639	(2,156,153)		44,507
Project funds			409,973	3,186,160	(3,03.1,662)	40,595	605,066
Land of Oak & Iron Heritage Centre fund			1,270,670		(26,472)		1,244,198
			1,874,735	5,372,799	(5,218,690)	(76,870)	1,951,974

Restricted project f	unds which require	sepa	rate disc	losure;.
Project	Funder			Balance	Income	Expenditure	Balance
				Brought Forward f		(&)	Unspent/ Overs ent		R
River Tees	Heritage Lottery	Fund		36,431	25,649	(25,510)	36,570
Rediscove red
Land of Oak & Iron	Herita e Lotte	Fund		27 196	323,508	296,312
BBO-Choices	Big Lottery Fund	/ European		11,402	496,353	(478,477)	29,278
	Social Fund
BBO-Step	Big Lottery Fund	/ European			653,178	(653,178)
Forward Tees	Social Fund
Valle
BBO - Reaching	Big Lottery Fund	/ European		2,617	765,746	(753,133)	15,230
Out Across	Social Fund
Durham
BBO - Moving on	Big Lottery Fund	/ European			272,598	(272,598)
T ne &Wear	Social Fund
Eden Hill Young	Horden Youth &	Community			73,920	(73,920)
Peo les Pro'ect	Centre
Carlisle Pla Areas	Cumbria Waste	Mana	ement		30,000	30,000
¹iwill —Virgin	Virgin Money Foundation			67,800		(58,496)	9,304
Mone
Norton Grange	Heritage Lottery	Fund		29,077	53,126	(40,450)	41,753
Lotte Fundin
Big Local	Local Trust			(49,811)	159,425	(119,721)	(10,107)
Easin ton

Year ended	31March	Balance at	Incoming	Outgoing	Transfers	Gain on	Balance at
2021		1 April 2020	Resources	Resources		Investment	31 March
		F			K		2021f
General Funds		1,044,712	1,133,685	(1,254,311)	(40,595)	(11,307)	872,185
Designated	Funds:-
Revaluation	Reserve	12,290					12,290
The Greenhouse		1,892,535			117,465		2,010,000
		3,006,692	1,133,685	(1,254,311)	76,870	(11,307)	2,895,105
Year ended	31March	Balance at	Incoming	Outgoing	Transfers	Gain on	Balance at
2020		1 April 2019	Resources	Resources		Investment	31 March
							2020
General Funds		925,458	991,222	(871,969)			1,044,712
Designated	Funds:-
Revaluation	Reserve	12,920					12,920
The Greenhouse		1,775,070			117,465		1,892,535
		2,713,448	991,222	(871,969)	117,465		2,950,167

Year	ended 31March	ended 31March	2021	2021	2021			Tangible	Tangible	fixed	Investments	Net current	Creditors	Total
									assets			assets	& 1/I	Net
											f			Assetsf
Restricted funds								1,302,401				649,768		1,952,974
Unrestricted funds:-
General									407,644		180,000	610,511	(325,971)	872,379
Designated										12,920	2,010,000			2,022,920
								1,722,965			2,190,000	1,260,279	(325,971)	4,847,273
Year	ended 31March		2020					Tangible		fixed	Investments	Net current	Creditors	Total
									assets			assets	& 1yr	Net
														Assets
										f
Restricted funds								1,333,276			117,465	404,131		1,854,872
Unrestricted funds:-
General									434,326		200,000	734,507	(304,259)	1,044,712
Designated										12,920	1,892,535			1,905,455
								1,780,522			2,210,000	1,138,638	(304,259)	4,824,901
21.	RECONCILIATION			OF			NET MOVEMENT		IN FUNDS		TO NET CASH FLOW FROM
	OPERATING	ACTIVITIES
													2021	2020
	Net movement		in funds										22,372	13,863
	Interest payable												3,284	21,435
	Interest receivable												(292)	(540)
	Depreciation	charges											57,557	59,740
	Profit/(Loss)	on	disposal										11,307	(136,472)
	Gain on investment				properties			revaluation
	(increase) /	decrease				in stocks							1,953	(1,564)
	Decrease /	(increase				in debtors							(33,191)	375,095
	(Decrease)	/ increase					in creditors						(214,869)	(215,966)
	Net cash flow		from		operating			activities					(151,879)	115,589

			At 1 Apr		Cash	At 31 Mar
			2020		flows	2021
Long	term	borrowings	(304,259)		(21,712)	(325,971)
Short	term	borrowings	(16,669)	.	(11,051)	(27,720)
			(320,928)		(32,763)	(353,691)
Cash	and	cash equivalents	678,094		(113,415)	564,679
			357,166		(146,178)	210,988

The following	transactions oc	curred with other Groundwork Trust	s during the year;
			2021	2020
Included in	debtors:
Groundwork	UK		110,988	50,175
Groundwork	South Tyneside	and Newcastle	31,337	11,508
Groundwork	Yorkshire		11,535	10,072
			2021	2020
			E
Included in	creditors:
Groundwork	South Tyneside	and Newcastle	9,462	9,082
Groundwork	Leeds			6,000
Groundwork	UK			20,472
Groundwork	Manchester			4,680