| Page | |||
|---|---|---|---|
| Reference aad Administrative Details |
|||
| Report ofthe Trustees | 2 | to | 4 |
| Independent Examiner's Report |
|||
| Statement ofFinaacial Activities | |||
| Balance Sheet | |||
| Notes to the Financial Statements | 8 | to | 14 |
| Detailed Statement ofFinancial Activities | 15 |
| TRUSTEES | A A EGlenton CBETD DL Chairman |
|---|---|
| E H Lowe OBEDL | |
| PJBaker OBE | |
| EA Green | |
| VBJassal | |
| I Moir | |
| R Reed (appointed 7.3.23) | |
| SECRETARY | JIClyde |
| PRINCIPAL ADDRESS | 53 Old Elvet |
| Durham | |
| Co Durham | |
| DH1 3JJ | |
| REGISTERED CHARITY | 1059373 |
| NUMBER | |
| INDEPENDENT EXAMINER | Clive Owen LLP |
| Chartered Accountants |
|
| Kepier House | |
| Belmont Business Park | |
| DURHAM | |
| DH1 1TW |
| 2023 | 2022 | ||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||||
| Notes | fund f |
fund f |
funds f. |
fundsf | |||
| INCOME AND ENDOWMENTS FROM | |||||||
| Donations | 250 | ||||||
| Investment income |
4 | 33,702 | 33702 | 27,104 | |||
| Total | 33,702 | 33,702 | 27354 | ||||
| EXPENDITURE | ON | ||||||
| Raising funds | 5 | 8,586 | 8,586 | 11,675 | |||
| Charitable activities |
|||||||
| Grant funding | 32,902 | 32,902 | 16,182 | ||||
| Other | 3,489 | 3,489 | 334) | ||||
| Total | 44,977 | 44,977 | 31,098 | ||||
| Net gains/(losses) on investments |
~)54,078 | ~32,402) | ~)06410) | 126,479 | |||
| NET INCOME/(EXPENDITURE) | (165,283) | (32,402) | (197,685) | 122,735 | |||
| RECONCILIATION | OF FUNDS | ||||||
| Total funds brought | forward | 954,869 | 328,778 | 1,283,647 | 1,160,912 | ||
| TOTAL FUNDS CARRIED FORWARD | 789,586 | 296376 | 1,005962 | 1,283,647 |
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| Notes | fund | fund f. |
funds f |
fundsf | |
| FIXEDASSETS | |||||
| Investments | 10 | 737,581 | 296,376 | 1,033,957 | 1235,607 |
| CURRENT ASSETS | |||||
| Debtors | I 1 | 1,644 | 1,644 | 1,606 | |
| Cash at bank | 54,086 | 54,086 | 50921 | ||
| 55,730 | 55,730 | 52,527 | |||
| CRFDITORS | |||||
| Amounts falling due within one year |
12 | (3,725) | (3,725) | (4,487) | |
| NET CURRENT ASSETS | 52,005 | 52,005 | 48,040 | ||
| TOTAL ASSETSLESSCURRENT | |||||
| LIABILITIES | 789,586 | 296,376 | 1,085,962 | 1,283,647 | |
| NET ASSETS | 789,586 | 296376 | 1,085,962 | 1.283647 | |
| FUNDS | 13 | ||||
| Unrestricted funds |
789,586 | 954,869 | |||
| Restricted funds |
296,376 | 328,778 | |||
| TOTAL FUNDS | 1.085 962 | 1,283 647 |
| 2023 f. |
2022f | |||||
|---|---|---|---|---|---|---|
| Donations | 250 | |||||
| Income trom donations | were KM | (2022:f250) which was unrestricted | in the previous year. | |||
| INVESTMENT INCOME | ||||||
| 2023 | 2022 | |||||
| f. | ||||||
| Dividends | and interest | from managed | funds | ~33 702 | ~27 104 |
| Raising donations and legacies |
Raising donations and legacies |
Raising donations and legacies |
||
|---|---|---|---|---|
| 2023 | 2022f | |||
| Honorarium | payments | 359 | 399 | |
| Investment | management | costs | ||
| 2023f | 2022f | |||
| Investment | management | costs | 8,227 | 11 276 |
| CHARITABLE ACTIVITIES COSTS | |||
|---|---|---|---|
| Grant Fonding | 2023 | 2022 f |
|
| South Shields Sea Cadets | 5,562 | ||
| Bernard Castle School CCF | 300 | ||
| Kenton School CCF | 1,350 | ||
| Boldon School CCF | 750 | ||
| Durham ACF |
2,445 | 7,520 | |
| Cleveland ACF |
2,230 | 1,949 | |
| Northumbria ACF |
2,504 | 100 | |
| Walker Academy CCF | 10,367 | ||
| Unity City Academy CCF | 3,860 | ||
| ATC | 670 | ||
| Trophies | 3,029 | ||
| Jarrow Detachment | 150 | ||
| Queen Elizabeth Sixth Form | 900 | ||
| Darlington Cadets |
1,000 | ||
| CACF | 60 | ||
| Castleview CCF | 140 | ||
| Cadet Triathlon Club |
3,845 | 353 | |
| 32,962 | 16 | 292 |
| SUPPORT COSTS | ||||
|---|---|---|---|---|
| Governance | ||||
| Management | costs | Totals | ||
| f | ||||
| Other resources expended | 1 743 | 1,746 | 3,489 | |
| Support costs, included | in the above, are as follows: | |||
| Management |
| Management | ||
|---|---|---|
| 2023 | 2022 | |
| Other | ||
| Total | ||
| expended f |
activities f |
|
| Insurance | 1,743 | 1,749 |
| Unrestricted | Restricted | Total | ||||
|---|---|---|---|---|---|---|
| fund | fund | funds | ||||
| f | ||||||
| INCOME AND ENDOWMENTS | FROM | |||||
| Donations | 250 | 250 | ||||
| Investment income |
27,104 | 27 104 | ||||
| Total | 27,354 | 27,354 | ||||
| EXPENDITURE | ON | |||||
| Raising funds | 11,845 | (170) | 11,675 | |||
| Charitable activities |
||||||
| Grant funding | 8,392 | 7,790 | 16,182 | |||
| Other | 3,241 | 3,241 | ||||
| Total | 23,478 | 7.620 | 21 098 | |||
| Net gains on investments | 108,491 | 17988 | 126,479 | |||
| NET INCOME | 112,367 | 10,368 | 122,735 | |||
| RECONCILIATION | OF FUNDS | |||||
| Total funds brought | forward | 842,502 | 318,410 | 1,160,912 | ||
| TOTAL FUNDS CARRIED FORWARD | 954,869 | 328,778 | 1,283,647 |
| Listed | |||||||
|---|---|---|---|---|---|---|---|
| investments | |||||||
| f | |||||||
| MARKET VALUE | |||||||
| At 1 April 2022 | 1,235,607 | ||||||
| Additions | 45,990 | ||||||
| Disposals | (49,683) | ||||||
| Revaluations | ~797,9573 | ||||||
| At 31 March 2023 | 1,033,957 | ||||||
| NET BOOK VALUE | |||||||
| At 31 March 2023 | \ 033,957 | ||||||
| At 31March 2022 | 1,235,607 | ||||||
| There were no investment | assets outside the UK. | ||||||
| Cost or vahtation | at 31 March 2023 is represented | by: | |||||
| Listed | |||||||
| investments | |||||||
| f | |||||||
| Valuation in 2022 |
7,033957 | ||||||
| 11. | DEBTORS:AMOUNTS | FALLING DUE WITHIN ONE YEAR | |||||
| 2023 | 2022 | ||||||
| f | f | ||||||
| Prepayments | 1,644 | 1,606 | |||||
| 12. | CREDITORSt AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||
| 2023 | 2022 | ||||||
| f | f | ||||||
| Other creditors | 3,725 | 4,487 | |||||
| 13. | MOVEMENT IN FUNDS | ||||||
| Net | |||||||
| movement | At | ||||||
| At | 1.4.22 | in funds | 31.3.23 | ||||
| f | f | f | |||||
| Unrestricted funds |
|||||||
| General fund | 954,869 | (165,283) | 789,586 | ||||
| Restricted funds | |||||||
| Restricted funds |
328,778 | (32,402) | 296,376 | ||||
| TOTAL FUNDS |
| Incoming | Resources | Gains and | Movement | |||
|---|---|---|---|---|---|---|
| resources | expended f |
losses f |
in funds f |
|||
| Unrestricted | funds | |||||
| General fund |
33,702 | (44,977) | (154,008) | (165,283) | ||
| Restricted funds | ||||||
| Restricted funds | (32,402) | (32,402) | ||||
| TOTAL FUNDS | 33,702 | ~44 977) | (186,410) | ~197,685 | ||
| Comparatives | for movement | in funds | ||||
| Net | ||||||
| movement | At | |||||
| At 1.4.21 | in funds | 31.3.22 | ||||
| f | f | |||||
| Unrestricted | funds | |||||
| General fund | 842,502 | 112,367 | 954,869 | |||
| Restricted funds | ||||||
| Restricted funds | 318,410 | 10,368 | 328,778 | |||
| TOTAL FUNDS | l,3009l2 | 322,733 | I/83,647 |
| Incoming | Resources | Gains and | Movement | |
|---|---|---|---|---|
| resources | expended f |
losses f |
in funds f |
|
| Unrestricted funds |
||||
| General fund | 27,354 | (23,478) | 108,491 | 112,367 |
| Restricted funds | ||||
| Restricted funds |
(7,620) | 17,988 | 10,368 | |
| TOTAL FUNDS | 27 354 | ~31098) | ~126 479 | 122,735 |
| Net | |||||
|---|---|---|---|---|---|
| movement | At | ||||
| At 1.4.21 | in funds | 31.3.23 | |||
| f | |||||
| Unrestricted | funds | ||||
| General | fund | 842,502 | (52,916) | 789,586 | |
| Restricted funds | |||||
| Restricted funds | 318,410 | (22,034) | 296,376 | ||
| TOTAL | FUNDS | 1,160,912 | ~74,9507 | 1,085,962 |
| Incoming | Resources | Gains and | Movement | |
|---|---|---|---|---|
| resources | expended | losses | in fimds f |
|
| Unrestricted funds |
||||
| General fund | 61,056 | (68,455) | (45,517) | (52,916) |
| Restricted funds | ||||
| Restricted funds |
(7,620) | (14,414) | (22,034) | |
| TOTAL FUNDS | 61,056 | ~76,075) | ~59,931) | ~74,950) |
| for the Year Ended 31M | arch 2023 | ||||
|---|---|---|---|---|---|
| 2023 | 2022 | ||||
| f. | |||||
| INCOME AND ENDOWMENTS | |||||
| Doaations | |||||
| Donations | 250 | ||||
| Investment income |
|||||
| Dividends and interest from managed |
funds | 33,702 | 27,104 | ||
| Total incoming resources | 33,702 | 27,354 | |||
| EXPENDITURE | |||||
| Raising donations and legacies |
|||||
| Honorarium payments |
359 | 399 | |||
| Investment management |
costs | ||||
| Investment management |
costs | 8,227 | 11,276 | ||
| Charitable activities |
|||||
| Grant funding | 32,902 | 16,182 | |||
| Support costs | |||||
| Management | |||||
| Insurance | 1,743 | 1,749 | |||
| Governance costs |
|||||
| independent examiner fees |
1,746 | 1,492 | |||
| Total resources expended | 44977 | 31,098 | |||
| Net expenditure before |
gains and losses | (11,275) | (3,744) | ||
| Realised recognised gains |
and losses | ||||
| Gains/(losses) on fixed asset investments |
(186,410) | 126,479 | |||
| Net (expenditure)/income | (197,685) | 122 735 |