##
|Contents||||
|---|---|---|---|
||||Page|
|Report of|the Trustees||1 - 12|
|Report of|the Independent|Auditors|13-16|
|Statement|of Financial Activities|||
|Balance Shee1|||18|
|Statement|of Cash Flows|||
|Notes to the financial statements|||20- 32|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
||||||Total|Total|
|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|funds|funds|
||||funds|funds|2020|2019|
|||Notes|F||f|f|
|Income from:|||||||
|Donations|||46,696||46,696|5,156|
|Charitable
activities|||||||
|—Grants and contracts|||66,779|80,767|147,546|260,513|
|- Rents and support|||1,417,220||1,417,220|1,247,989|
|Investment
income|||6||6|165|
|Other income|||5,977||5,977|5,062|
|Total income|||1,536,678|80,767|1,617,445|1,518,885|
|Expenditure
on:|||||||
|Charitable
activities|||1,476,101|69,332|1,545,433|1,469,204|
|Total expenditure|||1,476,101|69,332|1,545,433|1,469,204|
|hlet income/(expenditure)|||||||
|before transfers|||60,577|11,435|72,012|49,681|
|Transfers||19|8,436|( 8,436 )|||
|Net movement|||69,013|2,999|72,012|49,681|
|Reconciliation
offunds|||||||
|Total funds brought|forward||1,309,271||1,309,271|1,259,590|
|Total funds carried forward|||1,378,284|2,999|1,381,283|1,309,271|
##
##
|||||2020||2019|
|---|---|---|---|---|---|---|
|||Notes||5||5|
|Fixed assets|||||||
|Tangible assets||15||1,239,000||1,219,931|
|Current assets|||||||
|Debtors||16|339,906||305,122||
|Cash at bank and in hand|||102,611||83,184||
||||442,517||388,306||
|Liabilities|||||||
|Creditors: amounts|falling due||||||
|within one year||17|( 137,458 )||(130,241 )||
|Net current assets||||305,059||258,065|
|Total assets less current liabilities||||1,544,059||1,477,996|
|Creditors: falling due after more|||||||
|than one year||18||( 162,776 )||( 168,725 )|
|Total net assets||||1,381,283||1,309,271|
|The funds ofthe charity|||||||
|Unrestricted
funds||||242,715||226,865|
|Designated
funds||||1,135,569||1,082,406|
|||||1,378,284||1,309,271|
|Restricted funds||||2,999|||
|||19||1,381,283||1,309,271|
##
|||||2020|2019|
|---|---|---|---|---|---|
||||Notes||6|
|Cash flows from operating|activities:|||||
|Cash generated
from operations|||23|12&150|86,013|
|Interest paid||||(10,885 )|(9,861 )|
|Net cash provided by (used in) operating|||activities|117,265|76,152|
|Cash flows from investing|activities:|||||
|Purchase of tangible fixed assets||||(70,930 )|(170,869 )|
|Interest received||||6|165|
|Net cash provided by (used in) investing|||activities|(70,924 )|(170,704 )|
|Cash flows from financing|activities:|||||
|Loan repayments
in year||||( 26,914 )|( 24,712 )|
|Net cash provided by (used in) financing|||activities|( 26,914 )|( 24,712 )|
|Change
in cash and cash|equivalents|in|the year|19,427|( 119,264 )|
|Cash and cash equivalents|at the beginning||ofthe year|83,184|202,448|
|Cash and cash equivalents|at the end|of|the year|102,611|83,184|
|Cash and cash equivalents|consist of:|||||
|Cash at bank and
in hand||||102,611|83,184|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
||||||Total|Total|
|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|funds|funds|
||||funds|funds|2019|2018|
|||Notes|E|E|E|6|
|Income from:|||||||
|Donations|||5,156||5,156|160,658|
|Charitable
actianties|||||||
|—Grants and contracts|||101,574|158,939|260,513|203,350|
|- Rents and support|||1,247,989||1,247,989|1,253,686|
|Investment
income|||165||165|327|
|Other income|||5,062||5,062|627,548|
|Total income|||1,359,946|158,939|1,518,885|2,245,569|
|Expenditure
an:|||||||
|Charitable
actisnties|||1,380,728|88,476|1,469,204|1,539,529|
|Total expenditure|||1,380,728|88,476|1,469,204|1,539,529|
|Net income/(expenditure)|||||||
|before transfem|||( 20,782 )|70,463|49,681|706,040|
|Transfers||19|70,463|( 70,463 )|||
|Net movement|||49,681||49,681|706,040|
|Reconciliation
offunds|||||||
|Total funds brought|forward||1,259,590||1,259,590|553,550|
|Total funds carried forward|||1,309,271||1,309,271|1,259,590|
|Donations
and legacies|||||||
||||||2020|2019|
|||||||F|
|Donations|||||4,489|5,156|
|Donations
in kind|||||31,680||
|Government
grants|||||10,527||
||||||46,696|5,156|
|4.|Donations
and legacies
Donations
Donations
in kind
Government
grants|
|---|---|
##
##
|5.|Income from|Income from|Income from|charitable|activities|activities|by activity|||
|---|---|---|---|---|---|---|---|---|---|
|||||||||2020|2019|
||Housing
and|||support||||1,296,786|1,147,950|
||Training|||||||12,138|141,257|
||Outreach|||||||255,842|219,295|
|||||||||'I,564,766|1,508,502|
|6.|Grants and||contracts|||||||
|||||||||2020|2019|
|||||||||5||
||Grants|||||||146,543|162,939|
||Contracts|||||||1,003|97,574|
|||||||||147,546|260,513|
||Grants|||||||||
||LandAid|||||||21,930|50,000|
||Virgin Money|||Foundation||||8,436|49,036|
||Wise Group|||||||38,501|37,403|
||The Vardy|Foundation|||||||20,000|
||Morrison's|Faundatlan||||||9,440||
||Fencehouses|||YMCA||||3,638||
||The Percy Bilton Charity||||||||5,000|
||YMCA Discretionary||||||||1,500|
||Community|Foundation||||||7,400||
||County
Durham
Community|||||Foundation||4,500||
||Coranavirus||support grants|||||45,000||
||Other|||||||7,698||
|||||||||146,543|162,939|
##
##
##
##
##
|2020|2019|
|---|---|
|6|E|
|5,977|5,062|
##
|Charitabl|e
a|ctivities expenditure|||||
|---|---|---|---|---|---|---|
||||Direct|Support|2020|2019|
||||costs|costs|Total|Total|
||||6|6||6|
|Housing|and|support|1,131,074|118,886|1,249,960|1,089,419|
|Training|||84,045|1,113|85,158|181,249|
|Outreach|||186,860|23,455|210,315|198,536|
||||1,401,979|143,454|1,545,433|1,469,204|
|Support|costs||||||
|Staff and|related costs|||||103,262|
|Travel and subsistence||||||713|
|Insurance||||||2,856|
|Professional||fees||||4,41 5|
|Computer|costs|||||12,213|
|Office costs||||||12,927|
|Governance||costs (note 11)||||7,068|
|||||||143,454|
|Governance||costs|||||
||||||2020|2019|
||||||6|6|
|Audit fee|||||7,068|6,900|
##
##
##
##
||||||||2D20|2019|
|---|---|---|---|---|---|---|---|---|
|||||||||f|
||Audit fees||||||7,068|6,900|
|12.|Net income/(expenditure)||||||||
||||||||2020|2019|
|||||||||f|
||Depreciation|—owned|assets||||51,425|49,972|
||Loss on disposal offixed asset||||||436||
|13.|Analysis
of|staff costs, trustee remuneration||||and expenses,|and the cost of key management||
||personnel||||||||
||||||||2D20|2019|
|||||||||f|
||Wages and salaries||||||787,209|750,975|
||Social security costs||||||59,441|58,364|
||Other pension costs||||||15,903|12,867|
||||||||862,553|822,206|
||The average|monthly|number|of employees|dunng the year was||as follows:||
||||||||2020|2019|
||||||||No.|No.|
||Chief Executive||||||1|1|
||Core Staff||||||40|40|
##
##
##
|15.|Tangible fixed assets|||||
|---|---|---|---|---|---|
|||||Furniture,||
||||Freehold|fittings &||
||||Property|equipment|Total|
||||E||E|
||Cost|||||
||At 1 January 2020||1,445,207|314,744|1,759,951|
||Additions||61,147|9,783|70,930|
||Disposals|||( 75,381 )|( 75,381 )|
||At 31 December 2020||1,506,354|249,146|1,755,500|
||Depreciation|||||
||At 1 January 2020||263,099|276,921|540,020|
||Charge for year||34,899|16,526|51,425|
||Eliminated
on disposal|||( 74,945 )|( 74,945 )|
||At 31 December 2020||297,998|218,502|516,500|
||Net book value|||||
||At 31 December 2020||1,208,356|30,644|1,239,000|
||At 31 December 2019||'),182,108|37,823|1,219,931|
|16.|Debtors|||||
|||||2020|2019|
|||||f||
||Trade debtors|||31,594|40,381|
||Other debtors|||280,300|240,842|
||Prepayments|||28,012|23,899|
|||||339,906|305,122|
|17.|Creditors: amounts|falling due within one year||||
|||||2020|2019|
||Trade creditors|||20,334|47,479|
||Social security and other taxes|||14,747|13,553|
||Other creditors|||16,438|16,463|
||Accrued expenses|||36,559|25,832|
||Otherloans|||49,380|26,914|
|||||137,458|130,241|
##
##
##
##
|Creditors:|amounts
falling due after more tha|n one year|||||
|---|---|---|---|---|---|---|
||||||2020|2019|
||||||F|5|
|Other loans|||||66,741|72,788|
|Pension
liability|||||96,035|95,937|
||||||162,776|168,725|
|Amounts
falling due in more than five years:|||||||
|Repayable|by instalments:||||||
|Other loans|more 5years by instalments||||||
|Statement|of funds||||||
|For the
aar ended 31December2020|||||||
|||At||||At|
|||1 Jan||||31 Dec|
|||202D
6|Income
6|Expenditure
f|Transfers|202D
6|
|Unrestricted
fund|||||||
|General
fund||226,865|1,536,678|(1,441,202 )|( 79,626 )|242,715|
|Designated|fund||||||
|Capital fund||1,082,406||( 34,899 )|88,062|1,135,569|
|Totat unrestri cted funds||1,309,271|1,536,678|( 1,476,101 )|8,436|1,378,284|
|Restricted|funds||||||
|Wise Group|||38,501|( 38,501 )|||
|Virgin Money Foundation|||8,436||( 8,436 )||
|LandAid|||21,930|( 21,930 )|||
|Community|Fund||11,900|( 8,901 )|-|2,999|
|Totai restricfed funds|||80,767|( 69,332 )|( 8,436 )|2,999|
|Total funds||1,309,271|1,617,445|( 1,545,433 )||1,381,283|
##
##
##
##
##
|Statement o|ffunds
(oentinuedl|ffunds
(oentinuedl||||||
|---|---|---|---|---|---|---|---|
|Forthe
ear|ended 31December 2019|||||||
||||At||||At|
||||1Jan||||31 Dec|
||||2019|Income|Expenditure|Transfers|2019|
|||||E|E|E|E|
|Unrestricted|fund|||||||
|General fund|||321,964|1,359,946|( 1,353,343)|(101,702 )|226,865|
|Designated|fund|||||||
|Capital fund|||937,626||( 27,385 )|172,165|1,082,406|
|Total unrestricted||funds|1,259,590|1,359,946|( 1,380,728 )|70,463|1,309,271|
|Restricted
funds||||||||
|Wise Group||||37,403|( 39,440 )|2,037||
|The Percy Bilton Charity||||5,000||( 5,000 )||
|Silksworth
revenue costs||||49,036|(49,036 )|||
|Silksworth
capital costs||||67,500||(67,500 )||
|Total restri cted funds||||158,939|( 88,476 )|( 70,463 )||
|Total funds|||1,259,590|1,518,885|( 1,469,204 )||1,309,271|
##
##
##
##
##
##
|Forthe
ear ended|31December 2020||||
|---|---|---|---|---|
|||Unrestricted|Restricted||
|||funds|funds|Total|
|||6|K||
|Fixed assets||1,239,000||1,239,000|
|Net current assets||308,107|2,999|311,106|
|Creditors: amounts|falling due after more than one year|( 168,823 )||( 168,823 )|
|||1,378,284|2,999|1,381,283|
##
|Forthe
ear ended|31December 2019||||
|---|---|---|---|---|
|||Unrestricted|Restricted||
|||funds|funds|Total|
|||E||F|
|Fixed assets||1,219,931||1,219,931|
|Net current assets||258,065||258,065|
|Creditors: amounts|falling due after more than one year|( 168,725 )||(168,725 )|
|||1,309,271||1,309,271|
##
##
##
##
##
##
##
||||||||2020|2019||
|---|---|---|---|---|---|---|---|---|---|
||||||||F|6||
||Net income/(expenditure)|||for the pediod|||72,012|49,681||
||Adjustments
for:|||||||||
||Depreciation
charges||||||51,425|49,972||
||Loss on disposal of|fixed assets|||||436|||
||Interest received||||||(6)|(165|)|
||Interest paid||||||10,885|9,861||
||(Increase)/decrease|in debtors|||||( 34,784 )|(26,261|)|
||Increase/(decrease)||m creditors||||28,182|2,925||
||Net cash provided|by (used in) operating|||activities||128,150|86,013||
|24|Analysis ofchanges||in net debt|||||||
|||||||At 1Jan|Cash|At31 Dec||
|||||||2020|flows|2020||
||||||||F||6|
||Long term borrowings|||||( 72,788 )|6,047|( 66,741 )||
||Short term borrowings|||||( 26,914 )|(22,466 )|(49,380 )||
||Total liabilities|||||( 99,702 )|( 16,419 )|( 116,121 )||
||Cash and cash equivalents|||||83,184|19,427|102,611||
|||||||(16,518 )|3,008|(13,510)||
##
##
||||2020|2019|
|---|---|---|---|---|
|INCOME|||||
|Donations|||||
|Donations|||4,489|5,156|
|Donations
in kind|||31,680||
|Investment
income|||||
|Interest received||||165|
|Charitable
activities|||||
|Rents and support|||1,417,220|1,247,989|
|Grants
(excluding||Covid-19 grants)|||
|Community
Foundation|||7,400||
|CDCF|||4,500||
|Mordison's|||9,440||
|Wise Group|||38,501|37,403|
|Virgin Money Foundation|||8,436|49,036|
|The Vardy Foundation||||20,000|
|Percy Bilton||||5,000|
|National
Council||of YMCA's|1,500|1,500|
|LandAid|||21,930|47,500|
|Other|||9,836||
|Contracts|||1,003|100,074|
|Other income|||||
|Sundry|||5,977|5,062|
|Total incoming|resources||1,561,918|1,518,885|
##
##
||||2020|2019|
|---|---|---|---|---|
||||6|6|
|EXPENDITURE|||||
|Wages|||870,773|816,906|
|Recruitment
and training costs||||696|
|Travel and subsistence|||3,945|6,687|
|Direct costs|||21,871|16,000|
|Premises costs|||414,425|401,158|
|Insurance|||19,709|20,140|
|Light and heat|||85,969|61,004|
|Telephone|||4,830|5,726|
|Postage and stationery|||3,967|7,010|
|Sundries|||45|805|
|Repairs and renewals|||27,724|37,957|
|Computer
expenses|||19,312|18,471|
|Cleaning costs|||||
|Professional fees|||7,136|14,274|
|Bad debts|||269|375|
|Depreciation|||51,425|49,950|
|Loss on sale oftangible fixed assets|||437||
|Bank charges and interest|||600|482|
|Interest payable|||11,294|9,861|
|Affiliation fees|||1,702|1,702|
|Total resources expended|||1,545,433|1,469,204|
|Net incomei(expenditure)|excluding|Covid-19 support|16,485|49,681|
|Exceptional income|||||
|Grant income from Covid-19 funds|||45,000||
|Coronavirus
Job Retention|Scheme claims||10,527||
|Net movement
in funds|||72,012|49,681|