Registered Company No. 2846784 Registered Charity No. 1040208 Haven Tyneside Ltd (by guarantee) Financial Statements for the year ended 31 March 2023 Haven TY￿￿Ide Ltd (by guarantee) Financial Statements ror the year ended 31 March 2023 Contents Legal a￿1 Administsativc Infonnation Trustees, Annual Report Statement of Financial Activity Balance Shttt Cash Flow Statement General Income and Expenditure A¢¢ouJ)I 10 Notcs 12 Independent Auditols Rcw)rt 18 Haven TyDeside Ltd (by gllaranlee) Legal 2nd Administrative Inforniation Company Numl*r 2846784 Charity Numi*r 1040208 TrUstee￿Dir¢[l(ffS l Mackintosh N Shukla M F¢rguson PJRic¢ S Canncll R Hewitson S E TTueman M. Sidney ApNiinted 18th April 2023. Secre R Hewitson Registered Office I l Regent TeJra GatC5hcad Tyne and Wear Nf.8 ILU Bankcrs B8rclays BAnk plc 6 Market Pl￿e t￿[haM DH13ND Auditors AT£ts Audit Services 32 Brefikky Wav Blezard Business P￿￿ Scaton Burn Newcastle u[K￿ Tyne NEIJ 6DS Havell Tylle5ide Ltd (by guarantee) Trnstees, Annual Report (Incorporating the Directors, Report) for the year ended 31 March 2023 AdminSstrative ￿forMall0* Ch•rit•bl¢ obj¢iectives are rowl mapFoI in A five ycar stra4ic ￿rICkS D¢wiptioffj tsfthe orgAni••ti compary is limitoj byguaranK hvllLg a kn ryithl. In thccvcnt of &wi￿liftE ￿the lithility ofr41* nK4nbcr is limit&l loan thot exceeding £1. 'I'he rompany 13 by a Booxd of Dir¢¢wrn who of th¢ ¢hwity. The diffcl(Ks who scrvcd (hwMI8 th¢ yeor w¢r¢ &4 followg.. H M Kay Kulg￿d I&Iy).2022. M Fugu3L PJRic¢ R H¢wiLwn SETrn¢m S Cann¢ll J.Littk R¢Mgned IP J￿ty 21)22. "I￿ dirthrs arr pwplc who can make a vahthbk lo tht ¥pJ ofiiaven T>￿511￿ Ltd. However the day to dAy m*n•gcment is &ILwd ¢0 the ￿*fo￿￿¢T, B wat9￿L The tnJsI￿ oppri>ve new tru4c¢s to join the PAMnl. New n¢wKies *r ￿¥t￿l￿d vi&th¥tty Thc diarity h49 iThlu¢tion ￿l1¢Y A￿{ ¢vre tr*iniDg for [￿W Publk benefit The IvihoArE also th direcmof Ilav¢n Tyne￿de for Ih¢pwp)m. lYffnp￿y lawl c(ffifirni thEt they hav¢ Complied with the rquiremeDI to hav¢ due W to the guthKt m wbliE iuKfii by the (Tharity Commission in ex¢r¢isin8 thmr dutif5 Tr]ati￿ to thc ￿l¥ll1¢S of th¢ dUrI￿the ycar. Hxven Tyneside Ltd (by guarantee) Trustees, Annual Report (Incorporating the Directors, Report) for the year ended 31 March 2023 (continued) Crltsrl4 a#d me•sures to rnt*sure w¢¢ hieved. The Hom¢ Group Out addiiicthl cl*¢ks ￿ the mry¢d on th￿.1 heholf&4 part of the partnership arrnjgcmcnt. The chxity intolla]ty M(￿lI￿￿rorIll￿tt ￿ •qwiuly •MJ ba51& re￿]￿& io full Board. Surlmiry of •rhlevemeuts reduci1￿ homclern (iatC5kKwl and Ncw¢&8tle and th break the of hixnelessotys c4hK4n"n8 and tnabling rrsidents to Scal￿ tenantiesathl wrtsrfully them nd trA*etin8 ski115 IiTtL¢ Lynptoymcnl Employ•¢*¢ poll¢y Employec s￿arleS are bAs4yJ ￿ theN*1￿￿ Jourt CAwKil pay Rhk m*nageme•t Th¢ iru#¢¢s hAve up a re8i5L¢r *)d will monitoriisks with 4Mlcw ¢(AW ￿ of rtyj t&e the ￿prOpriate xtion rheeded Ai thc M￿ellt w¢ bdi¢ve thue •rt no mDior arw ol¢on¢¢nL cor￿Travi￿￿ h&8 had no fuwiriaj on the ¢or0￿Y w tar granL% howing benefhts •ThJ residents tn¢ome &1 per nomi￿. The at Havcn are in a p05iiion wtKTC thcy can wv¢r for exh other in the event of illnes& In an ¢xtr•n¢ II¢Tgcncy a8ency starrwith thr cxrKrittw¢ wwld i% brW in. A ddailtyj fin&nce h&8 Ixi p￿thJ¢t which would enthblt ￿M￿ne to carry out the fuwKial 4Lkli¢5 ifYKvJ be. Ai thts momeni ofiim¢ Havcn residenLq ¥e i¢ceivTnK fitll supwc The ar¢ the • (¥isis ris¢ in thc cost ofiivin8 by th8agitiK with LYcf8y spxiali8L8 aTyJ W¢liersW Otrtain the bea dtaLL R**r¥cs po¥ry llre resuT¢s ofthe wmpany are in awlry po51¢￿ and art main*twJ ht a levd in oth ￿ ￿￿jr¢the c(rfJtintstd nmning of ihc ￿rnp￿Y thould the gr￿ts rcduccd or up ￿ fiv¢ yc4rs. We ar¢ ojffthtly l¢x>king io us¢ £3(M)k (Jf r&tytrYes to buy three two t*ilrvom woytiey to T¢pl*r thc six singk bcdrrthi Fffvp￿lc5 handcd b*k to 0￿C$h¢¥d Hous1￿ Cmpw. We will then de¥elo 4n inv¢stmeni strate&v trj thxximiyc thc bcnefitsofth¢ rh¥siy going forward. The trustccs Iwlk) are also thc di￿¢t￿or H•v•) T)meswJc frythe pwrrt)SeS kYXnFrfny law) ￿ trswmsible ftrWe￿1ng the Tn1￿ctI Annual Rcport Bnd the financial **em¢Dts in with aFvIL￿b￿ law and UK Ac¢owJling Stand IUK Gther81ty Accqxcd Prxlicc). Cwyny law requires the prcpwrc fin8rri81 ¢aL* fuwKial Yearth￿ give 4 Ir￿ and fair view ofthe sl8¢¢ ofaff•its of the tharitabl¢ wmp#tsy of the Ill¢<￿1￿% and zrwicatiffi of rcjourcffj iDcludtii8 th¢ and exptndÉtyr¢of the ch￿l￿ble compffjy perits In pre￿ing these financial stat• the truAees are r¢quitedto: s¢ltct ￿roun11￿8 ￿11¢1¢4 #Dd th¢ft apply IFth iimsi&¢tiitv: obser¥c the t￿th0th aThJ txincÉpk5 in th¢ Chariti&s SORP 2019 {FRS 102): dI￿105¢d and cxplail￿d in the [1￿cl¥l prq￿e the fin*x¢io1 the 8oiDg r(w¢cm unl￿3 li i8 thatthe d￿l￿b]e cotnpuny will cffltinue in oT*&i￿L Haven TynesBd¢ Ltd (by guarautee) Trllstees. ADDual Report Un¢orporatiDg tbe Directors, Report) for the year ended 31 March 2023 (continued) financial ￿81￿On ofthe charitsbk•y aml thtrn kn C4Lwrcth* the fJnaD¢iJl 5ts1atThtsfompty wtth the Comp•ni&s Ad They we aLg) rcyKffisible for safe8uaTdiDg thc a55¢ts of the charrtalk company and fortskiDg re&sonable #eps forthe prtveniion and of fra￿1 atMI othcr LEregu]aTiIi J(eview ofFiMne Eipl•n•th)* of the StstemeThtofFm*oti*l A¢tiVbtl¢s tbt I￿11￿110￿ of f￿￿1$ The Slat¢Tnenl otFinancial Aaiviiie% 4Jmmariw the company's iMYJme Jrtd ty•￿[lUre a fu￿1 by fiu¥J bLSi& CeDeral hDd Incorne Charge5 Receivabl¢ were in linc with thc NcviO￿yc￿rdeSPi￿ h*Kling back 5tx spw to G8tuhead Hthjsing COmp￿Y. That due iti¢r¢4se in oCcu￿Y * 9 Woodbit* Pl*e AThJ an iDcrwt in hcwinB bt*efLL mu8eTW be4J4￿ gcTra¥k41aTh ￿tra £35950 0(re¥ew* &5 lollows: 4J16 35.950 Vvids 5how¢d a OfLry,￿ mainly du¢ at RrAhbury T¢Tr4¢ The 8w)Nbrtthg Petyk and Ciiywid¢will Mmin the sKthe foT the yctr. .1 0141 %laJl"ios1s £344.430 sli8htty hither J8# ye•r£3fthT23 thx kn re(ntitswi oftwo S¢aff mcmhcts which filled StLMtham manwml ¢htrgt rox to ha¥iThB Wty)dbiK Plx% fulfy OwJpi￿ for ts¥elve ￿￿th￿. Ui• ofASI¢ts The company own¥ fwr pt(yutif5 in Ncwc&ffle and w¢ rn iti Gatcshc*l f¢)r moyl ofthe larR¢ of PTKiatw)n chargcd. Four yeu8 880 the company rcpltKcd IL% minilmjs • 4 £25.176. and the old mittit￿$ w&$ sold for £9(X). Th¢ mnainderof the c(XlLpny'$ as*ts of Off￿¢ furni￿re quipmenL Thc naTrJre of tht ¢thShPWllV'$ liviiies is ¥uth equipn￿l for ￿ by the resi(Jrllts must fTCWMtly be Fepairtd or rry1￿ this u shown •$ a F￿tsre pl• Th¢ New[￿]¢ City WNl¢ #Intr￿ h&$ re￿well tv 31st Duzmbcr 2023 UMI w¢ h4v¢ 4 furt￿ option oftwo year5. Th¢ G8l¢she&d Supwrting People GraDi expsr¢s in Dtyxmbcr 2023 arthl aTh exi¢rt5ion will bc di5cuwd. Ilavm hav¢ laid gr¢Jund pikn* ftsr the purch85t ofthtte two bedmom flats ia H*ven Tyneside Ltd (by guarantee) Trwstees, ADnual Report Uncorporating the Direetor5' Report) for the year ended 31 March 2023 (eontinued) Fib*xi*l d•peod*x¢¢ The cornpaDy manage5 36 ill aDd 18 in a8 P9nof agTfA4Tr kd ty Sttnth￿ Flouging Association Ltd BDd OWDsfive prwi¢s vsith 4 of I I bc￿ in its own rigbL Full￿￿￿ provided by mew of City Wide Cont￿1 thiDiActcdtry Home Cw Ltd and rn￿thty. InveslTrfflts Stonhsrn Ilousin¥ AMoci*tion IA•ittd Residential propcriie5 are managed un ￿ f&r &% we ¥r¢ &war¢ th￿1.. there is no rekv•nl audli of wbkh the wdik*Sart and we hav¢ all thc w ¢h* to 1￿c taken &$ diffdlxs in ord¢r ￿ mok¢ wrsdv¢s aware of any r¢lev￿ ¢stsblish that th¢ fAMlik)T5are aware of informglm Thi% rciM)rt has Fttn prcparcd in fwd#w¢ with wvisi¢ffj ftrsmall cornpmies Pari 15 of the comp￿1 Act 2(116. Thisrwrt wa$ 4FYovcd by the lknrd ofDirttlEYs m 18 (￿￿￿￿2023. Dir￿lOr 11 R¢8a)¢ Ter￿¢ Cot¢the&J Tyn¢ and Wcar NF,8 ILU Havell Tyneside Ltd (by guarantee) Statement of Financial Activities for the year ended 31 March 2023 2023 Total fpnds 2022 Total Note8 nd (Gener*l) Intome from Donations and legacies Charitable activities Inveslm¢nts &300 1273282 1234 8.300 1273282 1,234 9.900 1209.808 48 Totsl lttcome 82,816 I2￿816 1219756 Re80urreJ expended Charitablc activities 1.153.429 ,153,429 1,118.616 Tothl r¢Jource8 expended 1 153429 153 429 1118616 Net In￿￿10¥1(0￿*g￿lu1) re4wrfeB ror the year 129.387 129.387 101,140 Brought forward at l April 2022 1.260,465 1.260.465 ,159,325 Carried fon¥atd at 31 M￿Ch 2023 1389 852 1389 852 1260 465 All income and exp¢t￿lly￿ derives from continuing adivitics. Haven TyBeside Ltd (by guarantee) Balance Sheet as at 31 Mareb 2023 Notes 2023 2022 Employment of capitat Filed asyets 'I'angible assets 251.573 260.945 Curreot awts Del)torx Cash at bank and in hand 49.180 132,575 1181755 49.327 991,444 Credliorn: Amounts f*lllne due within ome year 43,476 41251 Net Current Amets 1,138279 999,520 Total amets ¢4rreDt liabilitles 389 852 260 465 Haven Tyneside Ltd (by guarnntee) Balance Sheet as at 31 Ma￿h 2023 (continued) Note 2023 R£serY¢8 Genernl Fuud 12 lJ89,852 1260.465 1260 465 Thtt¢ fu)anciaJ sia¢¢m¢nts havc We￿1¢41 in xc(thxc with thc provisions awlicablc tr> ¢0m￿leS subj¢d to the 11 comp￿1￿. rcgime aThl in with FRS102 Tr FirwKtai Rwtiog StsrMIHnl ¥oll￿ble in the UK and Rcpublic of Ire18nd'. The fitttycial ott 6 to 17 war 8wxov4xI the di￿*0￿ frff isweon 18 OLtob¢r 2023 Mrc yi8ned on thcirbebalf by.. Dir¢aor R¢8iStued C.OmF•ny No. 2846784 Re8iS*rcd Charity No. 104 Haven Tynuide Lld (by guarantee) Cash Flow Ststemenl for the year ended 31 March 2023 2023 2022 Cash Ilows from Operat1￿ athllles OpeTating profit for thc financial year Adju51mcnts for Depreciation of propxrty. plant and equiFThcnt Intcrcst receivol Profitl(loss) on dispos81 property. plant and equipm¢n¢ DecreAsel(Incrc￿) in trade and other receivables InLre&ffel(decre&s¢) in tradc payabl¢s 129387 101,140 36.978 (1,234} 32,548 (411) 147 2,225 (19,381) 13.523 Net ¢wh Ilthw from operAtiDg a¢¢ivlde• 167.503 127,782 C&8h tlow from IDve8tlllg *ttivitieJ Purch&se of property. plant and equipm¢nt Proceeds ftom sale I￿gIble asscts" Interest rw¢ived Nel eagh flow frorn iDvesting aetfvltlej {27.606) (4,720) 1234 (26,372) 48 (4.672) Net InCrea￿(de£re•St) in c4sk aDd equlv8JleDts 141.131 123,110 Cash and cash equivalents at the ￿innIng of the year Cosh and cash equivalents at the cnd of th¢ y¢ar l•ere*JeJ(deerew) Id cash balance 991.444 1.132.575 141,131 868.334 991.444 123.110 13 Haven Tyneside Lld (by guarantee) General Income and Expenditure Account for the year ended 31 Matth 2023 20LI 2022 Howkn% fiR¢ome Charges receivable (available b￿Sp*￿s) Emcrgcncy bcdspa¢es 1.102,030 1.096.291 1.137.980 3.805 1,118.763 (40,452) Voids Chorge5 reecivablc (occupied Wspa¢¢s) 1.141.785 1.078.311 Supporting People (FraDt Litywid¢ Ilomeless Contract 60.000 71.497 1,209,808 71,497 1273.282 HouslllE expenditure Charitabl¢ exFKnditUTe (1.153.429) (1, 118,616) Houslng Surplus for the y￿r 119,853 91,192 Other Income Donations Intcrcst rtt¢ived 8JOO 48 9,534 9.948 Surplusl(deficit) for the yur io Haven Tyneside Ltd (by gllaraDt¢e) General Income and E￿endIture Account for the year ended 31 Mareh 2023 2•22 I￿.453 19287 11,7JO 26.935 175269 1759 ￿￿. rnes￿d Vi*¢r 21.561 10.802 38.187 15J68 31L487 Iwo Food Totl¢tties 0.184 1.913 &575 20JI8 3th79 311.425 (aff sxl¥ie¥ aid FryM)n Lx*s AthertTSin& 139th90 1!8.69J 4J65 11962 l F.%5 10,134 FIowinB AWc1*i￿ dwge 527.721 Bad d¢b 14J 18J17 533 21.701 4kn.831 23353 3.118 27.774 ()ITtLehth aAt li¥hi Office 1 12 Haven Tyneside Ltd (by guarantee) Notes to tbe Financial StatemeDts for the year ended 31 Mareh 2023 (eoutinued) Basi¢ Iltt•Ml•l Il#blliti from 8wlter* A￿￿t$ peyablc arc CILv￿ ¥ Curr￿ liabklitie5 ilpaymenl isdu¢ withiti l year OT B&sic fJnoA¢i81 li8bilitic& includin8 art iniliaity rtCO8Oi9ed wit< thcaEr8ll8W ¢(q&ithrtcs arM￿cIn8 D4)r¢¢i*tio• Dcpwiation of is ¢ol¢ulatr4J off thcir (oa kss afty wahK ov¢rth¢ir u￿1 knvcs &8 follows.. Freebold wop¢rty 4Y•peT qnnum strai8tLt lir¢ Miaibus Of￿ary Trwis. The* ¢ontrityJtions are ¢h•rged ￿ the income 4nd ¢xpMdiWre It¢￿￿t on • b&8is &%iky become pftyable in Jw)rdaN¢ with the ruju of the individuat pi Income Irorn and Unreslricted 21)23 2022 r)nnations Income from cbaritablt activilies Fllpds 2023 2022 Housing income Supporting Pa)ple grant Citywide Hom¢lcss contract ,J41.785 1.078.311 71.497 71.497 73 09,808 13 Haven Tyneside Ltd (by guarantee) Notes to the Financial Statements for the year ended 31 Mareb 2023 (eontinued) IBtome froth i•vestmtDts Funds 2023 2022 Interest received 1234 48 234 48 Dlrectors empknyeej 2023 2022 Stxff Sala¥seb (including a8¢w #aff) Social security ¢L￿ts (kher pension costs 268.963 23.777 13.982 306.722 413 13.968 342J71 S14rr nu￿be D1￿clOr5 (klw (incltsding agwKy stsffj 10 li 19 21 No ¢mploy¢e rttrived remunenlion of more than £141(W. I l ¢mploye¢s hye benefts a¢¢Nift8 morty Total s8￿ry and cmpioyment t¢ner￿9 rettived by key p￿￿nn¢1 durllJ8th¢ye4r £63.742 {2022.. £34859) pl￿ [￿lOn cwmTrAKiCrfts of£3.11312022: £1.113} DiterioTS ¢olledively exF¢rm of1.087 for mc41s ai B(*rd mediw. the individua15' [￿sunIl pension pla￿ thwing yewffthljl Mardl 2023 •d &thc Edanct shcttd* thrR wr4r Ao pr¢p#id 01 (wi#4ndin8 contributi(1￿. 14 HaveB Tylleside Ltd (by guardnlee) Notes to the Financial Statements for the year eDded 31 Mar¢b 2023 (¢ontinued) T*ngibk fixtsl **stts iA)ng le*sthold Frteknld ￿x￿r*S #nd property proptrty Mittibu TiTrtal Co8t O l-Apr-22 Additions Di4w)sals 366.571 209229 61.308 27,606 (20,075) 25.176 662.284 27,606 (20.075) 31-MAr-23 366571 68.839 25,176 669,815 01-ApTr 22 Charge for year On disp(wIs 2W707 I4￿33 IW16 17.647 401J39 3Q978 (20.075) QQ075) 31-Mar•23 21SJ40 135285 43A•76 23.941 418.242 Net book vsl•e 31-Mar-23 151231 165,861 25.163 5239 1235 7529 25 l.573 2&).945 31-Mar-22 82J13 Delrtors: AMOU￿1$ fllllmt due wlthiD ooe year 2023 2022 Trnd¢ d¢bti)r5 Prepayments and accrued income 23.904 25276 22,635 26.692 CredltyTS: l•lliD% due wlthio o*e ye*r 2023 2022 Trad¢ ¢￿ditOrS Accru8ls and deferred irKome IOJ38 ?6,790 6.348 43.476 443 33310 7.498 41251 Is Haven Tyueside Ltd (by gmarantet) Notes to tbe Financial Statemellts for the year ended 31 Mareh 2023 (tontfiDued) IAnd and BuildlAgX 21123 2022 Expiring: Within on¢ year 16,000 10. Relgted prty tr￿*£110 11. AAalysiJ of Del betwe¢• ¢he funds 2013 2022 UDrestrlrttd Fllnds 2022 Tot*1 Futtdy Total Tangible rixed asscts Net cuThent assets 251,573 251.573 260,945 260,945 1.138,279 1,138279 999.520 999.520 1,389,852 l J89.852 60,465 AsAt 3tst 2022 General Fund 1.260.465 1.282.816 1.153.429 1,389,852 Unrestricted Funds Total Fund5 1,260.465 1.282,816 1,153,429 1.389,852 16 Haven Tyneside Ltd Iby guarantee) Notes to the Financial Statements for the year ended 31 March 2023 {toAtinued) Funds- prior year AsAt 315t March 2022 IstAwil 2021 Incoming Resources Resourres Expended Transfers General Fund 1.159.325 1,219,756 1.118.616 1,260,465 Unrestricted Funts Total Funds 1,159,325 1.219.756 1,118,616 1260,465 13. Net debt r¢(x)ll¢lJi*tioB C￿h Flows 31. Match 2022 2023 Cash at bank and 81 hand 14 J,.131S Nct C&8h surplus .132,575 17 H¥dveA Tyneside Ltd (by g4#ralllee) Independent Auditors Report for the year eDded 31 Mareh 2023 Oplnion We have audlted the financial ststements of TY￿￿1e Ltd (the 'd￿ritible companV} for the vear ended 31 March 2023 which comprise the statement of financial actrrfrties, the balan￿ sheet. the general income and expendilure account arxl notes to the financial statements, iftcludlng a summary of significant accounting polide& The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Stsndards. induding Financial Reporting Standard 102 The FinonciolRew)rting Stondord opplkable in the UKond Republic of Irelond (Untted Kingdom Generalty AC￿pted Accounting Practice). In our op5nlon the financlal statements: give a true and falr view of the state of the charitable compan￿5 affalrs as at 31 March 2023. and of its incoming re50urce5 and application of resour￿, indudin8 tts income and expenditure, for the year then ended: have been prope￿ prepared in acconlance wth United Klwddom Generalty Accepted Accountln8 Practice: and have been prepared In accordance wlth the requirements of the Companies Act 21x16. Basls for oplnlon We conducted our a￿lt in accordance with Internat￿$Tha1 Stsndards on Auditin8 IUK) {ISAs (UKII and applicable law. Our reswnsibilities under those standards a￿ fvrther described in the Auditorfs responsibilities for the audit of the financial statements sertion of our ￿POrt. We are independent of the charltable company In accordance with the ethlcal requlrements that are relevant to our audit of the financial statements in the UK. including the Fftcs Ethical Stsndard. and we have fulfilled our other ethical responsibililies in accordance with these requiremen￿ We belleve that the audlt evidence we have obtained is sufficient ènd appropriate to provide a basis for our opinion. Concluslons relatlng to golry concern In auditing the financial statements, we have co￿4￿ that the tru5tee< use of the goln8 Co￿eM bays of accounting in the p￿paratIOn of the financial statements is appropriate. Based on the work we have perfom)ed. we have not Identifled any matertal uncertainties relating to events or conditions th￿, individualty or colleCtr￿ty. cast s¥nificant doubt on the charitable cornpanvs ability ro continue as a goire COn￿M for a period ofat least twefve months from when the financial statements are authorised for issue. Our responstblllties and the responslbillties of the trustees wtth respectto goingconcern are described in the relevant 5ertion5 of thi5 report. 18 Haven Tyneside Ltd {by guarantee) Independent Auditors Report (continued) for the year ended 31 Mareb 2023 Other information The other infonrknition comwises the informath)n induded in the truste￿ annual report, other than the financial statements and our auditors. report thereon. The trustee5 are responsible fr)r the other information contained within the annual reporL Our opinion on the financial statemeftts does not cover the other infomiation and. except to the extent otherwise. we do not express any fo￿ of assurance conclusion thereon. Our respM)nsibility is to read the other inforn)ation and. in doing so. consider whetherthe other inforniation is materially inconststent with the financial statements or our kn(wiiedge obtsined in the course of the audit or otherwise appears to be materially mi55tated. If we Identify such material Inconslstenc*s or appa￿nt material rnisstatements. we are required to detemiine whether this gNe5 rise to a material misstatement in the financial statements themselves. If. based on the work we have perfomied. we cOnd￿le that there is a material misststement of this other info￿ation. we are required to re￿)rt that fact. We have nothlrE to report In this reEard. Oplnlons on otkn matters pr•s¢rlbed by the Companles Art 21x16 In our opinion, based on the work undertaken in the course of the abjdlt: the information given in the trustees, ￿port (Incorpornting the direttors. report) frjr the financial vear for which the financial statements a￿ prepared is consistent with the financial statements; and the dI￿rt0￿ ￿pOrt inCl￿d within the tTUStees' report has been p￿pared In accofdance with appllcable legal requirements. Matters oft whlch we are requlred to report by exceptloft In the light of our knowled8e and urKler5tanding of the charitsble company and its envSronmenl obtsined In the course of the audit. we have not identified material misstatements In the dlrectors, report Included withln the trustee¥ report. We have nothing to report In respert of the followlng matters in relation to which the Companies Act 2LM)6 require5 U5 to Teport to you If, In our oplnlon: adequate accounting records have not been kept, or retums adequate forour audit have not been received from branches not Vistted by u5: or the financial ststements a￿ not in ag￿ement with the accounting records and returns; or certain disclosures of director￿ remuneration specified by law are not made; or we have not Tecevled all the Informatr)n and explanations V4E require forourauditr. or the trustees were rKJt entitled to PTepare the financial statements In accordance with the small companies. re8ime and take ad￿ntsge of the small companies. exemptK>ns In preparir8 the directors report and from the requirements to prepare a strategic rew)rL 19 Haven Tyneside Ltd (by guar*lltee) Independent Auditors Report (eontinued) for the year ended 31 March 2023 Aespo*$ibilitles of trustees As explained more fully in the trustee< responsibilities ststemert the trustees Iwho are atso the directors of the tharitable cornpany for the purpose5 Of company law) are respDn5ible for the preparation of the financial ststements and for bein8 satisfied that they give a true and fair view, and for such internal control as the trustees detemiine 15 necessary to enable the preparation of financial statements that are free from material misstatemenl, whether due to fraud orerror. In preparin8 the financlal ￿￿ternents. the trustees are responsible for asse551ng the charltable companvs ability to continue as a going concem, disdosin& as applicable. matters related to goin8 concern and U￿n8 the going concern basis of accounting unles5 the trustees either intend to liquidate the charitable company or lo cease operations. or have Tro ￿011st1C alternative but to do so. Audltorfs responslbllltles for the audft of the ftnancLIl statements Our objectives are to obtain reasonable assurance about whether the financial ststefflents as a whole are free from materlal rnlsstatement. whether due to fraud or error. and to issue an a￿lIt0￿S report that includes our opinion. Reasonable assurance is a high level of assurance. but is not a guarantee that an audit conducted In accordance with ISAS {UKI will alwaysdetect a mateftal misstatement when it exists. Misstatements can arise from fraud or e￿or and are consKlered material if, indNidually or in the aggregate. they could reasonabfy be expected to Influence the economlc dedslons of users taken on the basis of these financial ststements. A further descrlpuon of our responsibllitles for the audFt of the financlal ststementsls located on the Financial Reportin8 Counciys website at: www.frLor8.uVauditorsresponsibilit￿s. This description forms part of our auditoes report. Ext•nt to whkh the audlt was ¢onsider•d opabl¢ of det¢rtlw Irr¢zularftles. Includln8 fraud Irre8ularities. including fraud. are instances of non-compliance with laws and regulation5. We design procedu￿$ in line with our ￿ponsIbIlities. outlined al)o¥e and on the Finanual Reporting Council's webslte. to detett materlal mi55tatements In reSF*rt of irregularfties. Includln8 fraud. We obtain and uwlate ourunderstanding of the entity. its activi￿5, its control environment, and likety future development5, includin8 in relation to the legal and regulatory framework applicable and how the entity is compfyin8 With that framevrnk. Based on this understandin& we identify and assess the rtsk5 of rnaterial misstatement of the financial Statements. whether due to fraud or error, design and Perfo￿ audit procedures responsive to those risks. and obtain audit evidence that is suffKient and appropriate to provide a basis for our opinion. This includes consideration of the risk of acts by the entity that were contrary to applicable laws afKI regulations. including fraud. 20 Haven Tyneside Ltd (by guarantee) Independent Auditors RLport (colltinued) for the year ended 31 March 2023 In resporkse to the risk of irregularities and non-compliance with laws and regulation5, including fraud. we designed procedures which included- Enquiry of management and those charged with governance around actual arkd potential litigation and claims as well as actual, susperted and alleged fraud- Reviewing minutes of meetings of those charged with governance- Assessing the extent of compliance with the law5 and reeulations tonsidered to have a direct material effect on the financial statements or the operations of the company through enquiry and inspection- Reviewing financial statoment disclosures and testing to supporting documentation to assess compliance with applicable laws and re8ulations," Performing audit work over the risk of managerrTrent bias and override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the busiftess rationale of signi*icant tran5artions outside the nomial course of business and reviewing accounting estimates for indicators of potential bias. Because of the inherent limitations of an audit. there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. Thi5 risk increases the more that compliance with a law or regulation is removed from the Èvents and transattion# reflected in the financial statements, as we will be le55 ITkely to becurne aware of instances of non-compliance. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Use ofour report This report is made solely to the charitable company s members. as a body, in accordance with Chapter 3 of Part 16 of the Companies Att 2006. Our audit work has beerk undertaken so that we might slate to the charitable company's members those matters we are required to state to them in an auditorfs report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a bodv. for our audit work, for this report, or for the opinions we have formed. Joanne Regan FCA (Senior Statutory Auditor} For and on behalf of Azets Audrt Serdices Chartered Accountants 18" Ortober 2023 Statutory Auditor 32 Brenkley Wav Blezard Business Park Seaton Burn Newcastle upon Tyne NE13 6DS 21