2022-03-31-accounts - Point North Community Foundation

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					Page
Reference	and administrative			details	1-2
Chairman's	statement				3-4
Trustees'	report				5-25
Trustees'	responsibilities		statement		26
Independent auditor's		report			27- 30
Statement	offinancial	activities			31
Income and expenditure			account		32
Balance sheet					33
Statement	ofcash flows
Notes to the financial		statements			35-57

ements and perform	ements and perform	ance (continued)	ance (continued)
Issue on application		(Individuals)		Awarded	Issue on application	(Groups)
Awarded
Mental health, health,		&	wellbeing	E25,297	Mental health, health,	&wellbeing	F1,762,007
Community support	&	development		E23,450	Community support &	development	E585,183
Culture &heritage				E21,360	Equality &diversity		E352,503
Sport and recreation				E18,108	Culture &heritage		E338,629
Education, learning and Housing & homelessness			training	F16,285 E14,170	Crime &safety Sport and recreation		E320,352 f291,664
Supporting family life				E14,159	Environment & improving
					surroundings		E224,936
Disadvantage				E13,814	Disadvantage		E197,125
Community safety				E11,205	Education, learning and training		E167,045
Equality &diversity				F4,340	Employment		E75,373
Caring responsibilities				f4,234	Counselling &mentoring		E63,200
Environment & improving			surroundings	E3,999	Homelessness		F50,217
Economy				f1,044	Rural issues		E47,316
Counselling 8 mentoring				E900	Social inclusion &fairness		E42,012
Employment				F500	Caring responsibilities		F31,500
Grand Total				F172,865	Supporting family life		E26,577
					Emergency/rescue services		E4,750
					Substance abuse and	addiction	E1,000
					Grand Total		F4,581,389

The following institutions received materi	al	gra	nts in the context of	the organisation's total e	xpenditure:
Organisation				No. of grants	Awarded
County Durham &Darlington Foundation (lead partner) Middlesbrough and Stockton Mind		NHS	Trust Charity		f244,450 f238,000
Wearside Women in Need					E230,720
Family Action Your Voice Counts					E183,952 f183,000
Coping with Cancer North East WestPark Levy Trust					E142,700 f127,227
North Cumbria Clinical Commissioning	Group
(lead partner for voluntary sector partnership)					E105,752
Community Foundation (Tyne &Wear and Northumberland)
for Growth and Resilience Programme				1	E100,000
Barnardos Artichoke Trust				1 3	E98,571 f90,000
Handcrafted Projects Just For Women Centre PACT House Stanley Durham City Youth Project				4 6 3 4	E71,563 f54,874 f46,623 f39,843
Darlington Mind				1	E'38,000
Association ofTeesdale Day Clubs				4	E36,500
Durham Cathedral Teesdale Community Resources				2 5	F35,734 f35,068
Bulhon Community Resource Centre				3	E34,300
Jack Drum Arts				3	E32,431
Investing in Children CIC				2	E31,021
Upper Teesdale Agricultural Support Services (UTASS) Ferryhill LADDER Centre If U Care Share Foundation SHAID (Single Homeless. Action initiative Derwentside) Real Lives Real Choices				4 3 2 2 2	E30,850 E30,048 f30,000 f30,000 E29,992
Sacriston Youth Project				5	E29,702
Bndge Creative Enterprise CIC Integrating Children Darlington Borough Council				2 2 2	E27,428 E26,045 f'25,985
Veterans Woodcraft CIC				1	E24,830
Tin Arts Limited RT Community Projects I td				2 1	E24,823 f24,757
Journey Enterprises Ltd The Rape and Sexual Abuse Counselling Waddington Street Centre		Centre		1 1 1	E24,572 E24,295 f24,138
YMCA North Tyneside				1	E24,040
Wheatley Hill Community Association				5	E24,025
Muscletone Gym and Fitness CIC Building Self-belief CIO				1 4	E23,472 E23,150
East Durham Community Development	Trust		I td	2	E21,500
Endeavour Woodcrafts CIC				4	E20,678

				Unrestricted	Restricted	Endowment	Total	Total
				funds	funds	funds	funds	funds
				2022	2022	2022	2022	2021
			Note	5	f	f	f
Income and
endowments
from:
Donations and legacies			2	117,917			117,917	155,416
Charitable activities			3		4,074,145	709,064	4,783,209	5,334,792
Investments			4	17,993	531,190		649,183	554,489
Total income and
endowments				135,910	4,605,335	709,064	5,450,309	6,044,697
Expenditure on:
Raising funds			5	165,872			165,872	167,324
Charitable activities			5	381,177	3,719,576		4,100,753	5,293,877
Total expenditure				547,049	3,719,676		4,266,625	5,461,201
Net (expenditure)		I
income before		net
gains/(losses)		on
investments				(411,139)	885,759	709,064	1,183,684	583,496
Net gains on
investments						1,590,990	1,590,990	3,112,493
Net Income I
(expenditure)
before transfers				(411,139)	885,759	2,300,054	2,774,674	3,695,989
Transfers between
funds			13	616,066	(160,499)	(455,567)
Net result before
other recognised
gains and losses				204,927	725,260	1,844,487	2,774,674	3,695,989
Net movement	in
funds				204,927	725,260	1,844,487	2,774,674	3,695,989
Reconciliation	of
funds:
Total funds brought
forward				619,711	5,201,318	17,334,700	23,155,729	19,459,740
Total funds carried
forward				824,638	5,926,578	19,179,187	25,930,403	23,155,729

				unrestricted	Restricted
				funds	funds	Total funds	Total funds
				2022	2022	2022	2021
					8	6
Gross Income		in the reporting
period				135,910	4,605,335	4,741,245	5,801,895
Less: Total	expenditure			(547,049)	(3,719,576)	(4,266,625)	(5,451,201)
Net expenditure/(income)			for the
reporting	period			(411,139)	885,759	474,620	350,694

		Note		2022f		2021 f
Fixed assets
Tangible assets				8,256		10,660
Investments				19,945,443		18,194,758
				19,953,699		18,205,418
Current assets
Debtors		10	154,513		203,803
Short term cash deposits			4,811,603		3,646,769
Cash at bank and	in hand		1,673,221		1,936,513
			6,639,337		5,787,085
Creditors: amounts	falling due within one
year		11	(662,633)		(836,774)
Net current assets				5,976,704		4,950,311
Net assets				25,930,403		23,155,729
Charity funds
Endowment funds		13		19,179,187		17,334,700
Restricted funds		13		5,926,578		5,201,318
Unrestricted funds		13		824,638		619,711
Total funds				25,930,403		23,155,729

				2022	2021
			Note	6	F
Cash flows from operating activities
Net cash used in operating activities			15	518,440	277,205
Cash flows from investing activities:
Dividends, interests and rents from	investments			549,183	554,489
Purchase oftangible fixed assets				(6,386)	(8,168)
Proceeds from sale of investments				901,411	587,265
Purchase of investments				(1,061,106)	(759,031)
Net cash provided by investing	activities			383,102	374,555
Change in cash and cash equivalents		in the year		901,542	651,760
Cash and cash equivalents at the beginning		ofthe year		5,583,282	4,931,522
Cash and cash equivalents at	the end	ofthe year	17	6,484,824	5,583,282
The notes on pages 35to 57form part ofthese financial statements

		Unrestricted	Total	Total
		funds	funds	funds
		2022	2022	2021f
Donations		117,917	117,917	153,012
Government	grants			2,404
		117,917	117,917	155,416
Total2021		155,416	155,416

		Restricted	Endowment	Total	Total
		funds	funds	funds	funds
		2022	2022	2022	2021
		8	f		8
Donations		4,074,145	709,064	4,783,209	5,334,792
Total 2021		5,091,990	242,802	5,334,792
Investment	income
		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
		2022 8	2022 6	2022f	2021 6
Investment	income		531,190	531,190	526,485
Bank interest		17,993		17,993	28,004
		17,993	531,190	549,183	554,489
Total 2021		28,004	526,485	554,489

		2022	2021
		6	6
Anti social behaviour		14,852	52,081
Arts, culture and heritage		354,739	102,503
Caring responsibilites		38,734	95,982
Community support and development		521,166	675,290
Counselling / advice / mentoring		91,600	195,992
Crime and safety		20,935	35,670
Disability and access issues		214,019	168,613
Disadvantage		195,344	519,050
Domestic violence		71,439	78,520
Economy		4,688	31,072
Education and training		174,307	20,681
Employment, labour, learning	and training	65,934	207,257
Emergency and rescue service		4,750	11,843
Environment and improving	surroundings	215,897	164,538
Financial exclusion and literacy		15,895	15,235
Health and wellbeing		570,620	1,058,433
Homeless and housing		59,388	121,857
IT / technology			28,166
Language, culture and racial	integration	2,700	49,852
Mental health		595,170	685,705
Offending / at risk of offending			24,710
Refugees/Asylum seekers		12,900
Rural issues		47,316	107,405

Sexual abuse / violence	29,417	9,091
Social inclusion	40,342	140,903
Sport and recreation	309,174	172,105
Stigma and discrimination	5,604	225
Substance abuse and addiction	1,000	30,406
Supporting family life	38,656	115,220
Violence and exploitation	11,620
Volunteering	600	23,563
Adjustments	(9,220)	(10,206)
	3,719,576	4,931,762

Analysis ofsupport costs
	Raising	Grant
	Funds	Making	Governance	2022
Office Costs	9,164	42,769	8,502	60,435
Staff Costs	132,853	233,517	35,104	401,474
Other Cost	23855	39170	22 115	85 141
Total	165872	315456	65721	547 050

	Raising	Grant
	Funds	Making	Governance	2021
Office Costs	9,431	35,776	8,681	53,888
Staff Costs	141,032	220,112	37,510	398,654
Other Cost	16861	42 427	17609	76 897
Total	167324	298315	63800	529439

This is sta	ted	after char	ging.
				2022	2021
					f
Depreciation		oftangible	fixed assets;
- owned	by	the charity		8,790	8,287
Auditor's	remuneration		-audit	11,500	10,080
Operating	lease rentals			23,184	23,184

		2022f	2021
Wages	and salaries	331,409	320,057
Social	security costs	31,210	31,664
Other	pension costs	20,342	19,680
		382,961	371,401

		2022	2021
		No.	No.
Raising funds
Chantable	activities
Governance
		10	10

2022	2021
No.	No.

	Fixtures and
	fittings
	6
Cost
At 1 April 2021	31,739
Additions	6,386
At 31 March 2022	38,125
Depreciation
At 1 April 2021	21,079
Charge for the year	8,790
At 31 March 2022	29,869
Net book value
At 31 March 2022	8,256
At 31 March 2021	10,660

	Listed
	Investments
	8
Cost or valuation
At 1 April 2021	18,194,758
Additions	1,061,106
Disposals	(873,092)
Revaluations	1,562,671
At 31 March 2022	19,945,443
Net book value
At 31 March 2022	19,945,443
At 31 March 2021	18,194,758

		2022	2021
		6
Other debtors		143
Prepayments	and accrued income	154,370	203,803
		154,513	203,803

			2022	2021
			6	E
Trade creditors			4,877	3,044
Other taxation	and social security		8,086	16,317
Other creditors			587,917	747,881
Accruals and deferred		income	61,753	69,532

Creditors	: Amounts	falling due within one year (continued	)
			2022	2021
			E
			662,633	836,774
			2022	2021
			E	E
Deferred	income at	1 April 2021	20,494	25,000
Resources deferred		during the year	7,000	20,494
Amounts	released from previous periods		(10,247)	(25,000)
			17,247	20,494

Statement offund	s - prior year
							Balance at
	Balance at				Transfers	Gains/	31 March
	1 April 2020f	Income f	Expenditure	f	in/out 5	(Losses) F	2021
Unrestricted
funds
General Funds	327,571	183,420	(529,439)		638,159		619,711
Endowment
funds
Endowment
Fund	15,194,905	242,802	(10,000)		(1,205,500)	3,112,493	17,334,700
Restricted
funds
Restricted Funds	3,937,264	5,618,475	(4,921,762)		567,341		5,201,318
Total offunds	19,459,740	6,044,697	(5,461,201)			3,112,493	23,155,729

Restricted	funds
		Brought		Grants	Net gains
		forward	Income	approved	I(losses)	Transfers	2022
		E	6	f	F	6	E
Trusts		168,417	75,242	(86,033)		37,052	194,678
Community	First	485,844	75,039	(80,713)		(25,275)	454,895
Community	Panel	1,403,037	2,700,404	(2,027,497)		(43,217)	2,032,727
Donor-Advised		795,805	402,059	(434,255)		209,702	973,311
Field of Interest		2 348215	1 352 591	~1091078		~338761)	2 270 967
		5,201,318	4,605,335	(3,719,576)		(160,499)	5,926,578

Expendable	endowments
		Brought		Grants	Net gains
		forward	Income	approved	I(losses)		Transfers	2022
		6	F	6		E	E	f
Trusts		2,485,350				220,416	(75,079)	2,630,687
Community	First	2,356,707				225,868	(14,708)	2,567,867
Community	Panel	2,374,231	405,887			218,160	(83,626)	2,914,652
Donor-Advised		6,339,645	204,667			582,745	(176,600)	6,950,457
Field of Interest		3778 767	98510			343801	~105554)	4 115524
Total		17334700	709 01!4		1	590990	~455 5671	19179187

Trusts
			Brought		Grants	Net gains
			forward	Income	approved	I(losses)	Transfers	2022
			f	8	6	E	E	6
Darlington Education		Trust	1,033,395	29,920	(2,000)	82,936	(13,191)	1,131,060
Durham Community		Business
College			46,307	1,221	(4,404)	3,703	(706)	46,121
Durham Johnston	Educational
Foundation			164,492	4,718	(500)	14,309	(1,800)	181,219
East Howle Trust			48,874	1,392	(3,100)	4,219	(572)	50,813
Hylton House Trust			173,715	4,869	(11,419)	14,768	(291)	181,642
John T Shuttleworth		Ropner
Memorial Trust			848,453	23,643	(57,281)	71,722	(15,675)	870,862
King Edward Vll Memorial Trust			69,635	1,958	(5,000)	5,940	(805)	71,728
Stanhope Castle Charitable Trust			268896	7521	~23291	22819	~I987\|291920
Total			2653767	75242	~86033	220416	~38027	2825365

Community First
			Brought		Grants	Net gains I
			forward	Income	approved	(losses)	Transfers	2022
			6		6	f	6	6
2D Legacy Fund			221,922	6,005	(16,102)	17,821	(4,165)	225,481
Banks Family Community		First	82,693	2,403	(8,350)	7,319	1,088	85,153
Banks Foundation	Community
First			421,118	11,224	(4,161)	34,146	5,570	467,897
Banks Pegswood	Moor
Community Benefits Fund			141,923	3,888		11,536	(2,424)	154,923
CDCF Community	First	Match
Fund			263,835				(38,248)	225,587
Darlington Education
Community First Trust		Fund	744,818	22,892	(38,000)	69,719	10,200	809,629
Jackie Maddison	Community
First Trust			137,195	3,682		10,603	(2,342)	149,138
Nicholson Family	Community
First			121,564	3,782	(3,154)	11,507	1,844	135,543
Pete &Jackie Maddison
Community First Fund			96,438	2,604	4,950	7,727	(1,699)	110,020
Willington and Parkside Other Community First		Fund	245,998 365047	7,044 11515	(11,020) ~48761	20,872 34618	(2,847) ~6960	260,047 399,344
Total			2842557	75039	~8tl713	225868	~39983	3022762

Community Panel
	Brought		Grants	Net gains
	forward	Income	approved	i(losses)	Transfers	2022
	E		E	E		E
Banks Kype Muir Community
Fund	167,593	158,732	(84,486)		(3,873)	237,966
Banks Moor House Community
Benefits Fund	96,744	30,000	(24,959)		(408)	101,377
Community Connector Fund
NHS		922,000	(649,544)		(92,000)	180,456
County Durham & Darlington
Community Safety Fund	26,119					26,119
County Durham & Darlington
NHS Health Improvement
Fund	2,169,264	63,274		191,942	(26,020)	2,398,460
ENTRUST Funds	313,888		(92,606)		(11,345)	209,937
ESFCommunity Grants	(86,688)	128,306	(108,287)		(21,384)	(88,053)
Let's Create Jubilee County
Durham Fund		37,502	(69,451)		31,949
Let's Create Jubilee Tees Valley
Fund		74,016	(68,531)		(5,485)
NHS Chanties Together	(4,000)	881,919	(446,436)			431,483
NTR Quixwood Moor Wind Farm Community Fund	111,703	91,200				202,903
Poor Moor Trust Fund		400,557		(701)	(617)	399,239
Walkway Windfarm Fund	103,975	9,149		9,603	(2,080)	120,647
Westpark I evy Funds	125,444		(125,444)
Other Community Panel	753226	309636	~357753)	17316	4420	726,845
Total	3777268	3109291	~2027497)	218160	~126843)	4947379

Donor-Advised
				Brought		Grants	Net gains
				forward	Income	approved	I(losses)	Transfers	2022
				6	F	6	6		6
Banks Family Fund				1,576,622	43,329	(44,636)	131,444	(22,627)	1,684,132
Banks Family Grassroots
(Durham)				316,691	8,062	(2,820)	24,459	(3,988)	342,404
Banks Foundation Fund				116,130	3,086	(800)	9,363	(1,527)	126,252
Bob Young Grassroots Fund				105,965	3,021		9,169	(1,749)	116,406
t UCI Admlnlstl'a'lloil
Endowment Fund				361,203	60,937		30,641	(23,371)	429,410
IJumam catnearai's	i;nonster
Bursary Fund				188,782	5,290	(14,042)	16,050	(2,871)	193,209
Durham Cathedral's	Music
Outreach Fund				148,277	3,830	(21,692)	11,619	(2,149)	139,885
Durham Hope Fund					80,113	(4,000)	(142)	35,720	111,691
Eldon Charitable Fund					50,282	(2,000)	1,552	44,628	94,462
Esh Charitable Trust's
Grassrotts Fund				120,120	3,634		11,026	(7,361)	127,419
Ingenious Darlington	Building
Society Fund				95,102	52,749	(81,370)	8,339	31,474	106,294
John Simpson Greenwell
Memorial Fund				372,997	10,202	(8,810)	30,946	(5,081)	400,254
Karbon Homes Grassroots			Fund	272,085	7,913	(8,997)	24,005	(4,140)	290,866
Kevan Jones Grassroots		Fund		127,538	3,705	(1,000)	11,240	(4,587)	136,896
Miller Wood Bonsall	Fund			234,318	6,619		20,082	(3,529)	257,490
Northern Powergrid	Fund			128,623	3,736	(5,144)	11,334	(2,102)	136,447
Northumbrian Water	Community
Fund				130,241	8,471	(4,754)	11,449	(2,438)	142,969
Peter &Jayne Cook	Fund			170,005	4,938		14,981	(2,697)	187,227
Tallent Automotive Limited			Fund	151,215	4,094	(7,000)	12,418	(2,279)	158,448
Tonks Family Fund				129,955	3,776		11,451	(2,121)	143,061
William Leech Grassroots
(Durham) Fund				135,752	3,944		11,964	(2205)	149,455
Other Donor-Advised				2 253 829	234995	~227 190)	169355	18 102	2 449 091
Total				7 135450	606 726	~434 2551	582 745	33102	7923768

Field ofInterest
		Brought		Grants	Net gains
		forward	Income	approved	I(losses)	Transfers	2022
		f.	f		f	F	f
Anonymous 2019Fund		217,974	6,635		20,128	(12,122)	232,615
Arqiva Bilsdale Recovery Fund			50,000	(23,285)		(5,000)	21,715
BAT Skills Development Bursary
Fund		220,791	4,472		13,566	(19,777)	219,052
Cellnex UK Community Fund			49,500			(5,000)	44,500
Community Action Fund		114,501	2,958	(122,469)		114,476	109,466
County Durham Educational
Trust (CDET) Fund		307,143	9,356		28,386	(16,847)	328,038
Community Action COVID-19
Fund				(54,403)		150,000	95,597
COVID-19 Fund		364,503		(5,000)		(56,886)	302,617
COVID-19 NET DURHAM	Fund	18,653		(18,653)
L'UVIU-1 J Nk I Ikks VALLkY
Fund		36,734		(27,865)			8,869
Darlington &District Youth	&
Community Association Fund		151,704	4,615		13,999	(8,509)	161,809
David Brown Fund		143,356	4,362		13,230	(8,055)	152,893
Uumam county vvaste Management Fund		161,527	4,915		14,910	(9,044)	172,308
I-erryniii Station, Mainstortn & Bishop Middleham Aid in Sick		140,999	3,970	(660)	12,043	(1,555)	154,797
Francis James Bell Fund		157,391	4,518	(10,000)	13,961	(1,765)	164,105
Future Initiatives Fund		1,096,491	500,000	(9,101)		(459,313)	1,128,077
Growth and Resilience Fund		100,000		(100,000)
GVC County Durham			30,250	(13,260)		(3,025)	13,965
GVC Tees Valley			30,250	(7,000)		(3,025)	20,225
Hall Benefaction Fund		104,862	3,189		9,670	(5,956)	111,765
Heritage through the Arts	Fund	116,389	3,397		10,306	(1,367)	128,725
I'Anson Family Fund		117,267	3,424	(1,000)	10,383	(3,676)	126,398
Ingenious Darlington Enterprise
Association Fund		102,980	3,130		9,497	(5853)	109,754
Ingenious Darlington Enterprise Association Grassroots Fund		106,989	3,253		9,867	(6,072)	114,037
Ingenious Darhngton Stainsby Murray Fund		108,115	3,286		9,970	(6,133)	115,238
Poverty Hurts County Durham			12,036	(15,000)		15,494	12,530
Povert Hurts Tees Valley			13,507	(4,000)		16,681	26,188
Sir Paul and I ady Nicholson
Fund		494,753	64,742	(250)	42,178	(28,006)	573,417
Vane Family Fund		94,749	2,881		8,737	5,391)	100,976
			Page 53

Vardy	Fund			248,681	7,570	22,966	(13796)	265,421
Other	Field	of	Interest	1400430	624885 ~679132	80004	~MigS	1371394
Total				6126982	1451101 ~1091078)	343 801	~444 316)	6386491

Analysis of net assets between fund	s - current year
	Unrestricted	Restricted	Endowment	Total
	funds	funds	funds	funds
	2022f	2022 f.	2022 f	2022f
Tangible fixed assets	8,256			8,266
Fixed asset investments		766,256	19,179,187	19,946,443
Current assets	891,098	5,748,239		6,639,337
Creditors due within one year	(74,716)	(587,917)		(662,633)
	824,638	5,926,578	19,179,187	25,930,403

Analysis of net assets between funds	- prior year
	Unrestricted	Restricted	Endowment	Total
	funds	funds	funds	funds
	2021f	2021	2021	2021f
Tangible fixed assets	10,660			10,660
Fixed asset investments		860,058	17,334,700	18,194,758
Current assets	697,944	5,089,141		5,787,085
Creditors due within one year	(88,893)	(747,881)		(836,774)
	619,711	5,201,318	17,334,700	23,155,729

16.	Reconciliation of net movement	Reconciliation of net movement	in funds to net cash flow from operating	in funds to net cash flow from operating	activities
					2022	2021
					5	F
	Net income for the year (as per Statement			of Financial Activities)	2,774,674	3,695,989
	Ad)ustments for.
	Depreciation charges				8,790	8,287
	Gains on investments				(1,590,990)	(3,112,493)
	Dividends, interests	and rents from	investments		(549,183)	(554,489)
	Loss on the sale offixed assets					189
	Decrease/(increase)	in debtors			49,290	(61,636)
	Increase/(decrease)	in creditors			(174,141)	301,358
	Net cash provided	by operating	activities		518,440	277,205
17.	Analysis ofcash and cash equivalents
					2022	2021f
	Cash in hand				1,673,221	1,936,513
	Cash equivalents				4,811,603	3,646,769
	Total cash and cash equivalents				6,484,824	5,583,282
18.	Analysis ofchanges in net debt
				At 1 April		At 31 March
				2021	Cash flows	2022
					6	6
	Cash at bank and in	hand		1,936,513	(263,292)	1,673,221
	Liquid investments			3,646,769	1,164,834	4,811,603

cancell	ab	le operating leases as follows:
			2022	2021
			E
Within	1	year	23,184	23,184
Between		1 and 5years	5,796	5,796
			28,980	28,980