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|||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|
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|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|||||
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|||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|
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|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|
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|||||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|
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|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|
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|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|
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||||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|
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|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|||
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|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|
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|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|
##
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##
|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|
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|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|
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##
|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|
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|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|
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##
||||||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|
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|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|
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|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||||||||||
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|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|
##
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##
|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|
##