2023-03-31-accounts - The Glendale Gateway Trust

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			Page
Chairman's Report
Report ofthe Trustees		2	to	7
Independent Examiner's	Report
Statement ofFinancial Activities
Balance Sheet		10	to	11
Notes to the Financial Statements		12	to	23

Assets and Liabilities at	31M	arch 2023
				f,
Fixed Assets				2,640,000
Loans to fund these fixed assets				(90,000)
Net Current Assets before	loans	(largely cash funds)
Restricted funds				82,000
Unrestricted funds				240,000
Total funds				2)872,000
The above loans are:
Unity Trust Bank				489000
Quaker Trust				42,000
				90,000
The Unity Trust Bank loan was		repaid in full in April 2023.
Repayments which we are	committed to pay on the remaining		loan in 2023/24 year total
53,500.
Income and Expenditure	for the Year to 31March 2023
Income
Cheviot Centre				66,000
Residential Housing				93,000
Non-residential Property				46,000
Other (mainly grants)				68,000
				273,000
Expenditure
Direct costs
Cheviot Centre				18,000
Residential Housing				41,000
non-residential Property				5,000
Other includin administration		and wa es		141,000
				205)000
Surplus before depreciation				68,000
Depreciation				55,000
Net increase after de reciation		revision		13,000

						31/3/23	31/3/22
				Unrestricted	Restricted	Total	Total
				funds	funds	funds	funds
			Notes	f	8	8	8
INCOME AND ENDOWMENTS		FROM
Donations and legacies				9,674	52,110	61,784	25,330
Charitable activities
Glendale Gateway	Trust activities			205,739	5,459	211,198	204,274
Investment income				92		92
Total				215,505	57,569	273,074	229,604
EXPENDITURE	ON
Raising funds				3,968		3,968	3,920
Charitable activities
Glendale Gateway	Trust activities			160,110	96,201	256,311	268,075
Total				164,078	96,201	260,279	271,995
NET INCOME/(EXPENDITURE)				51,427	(38,632)	12,795	(42,391)
Transfers between	funds		14	(45,102)	45,102
Net movement in	funds			6,325	6,470	12,795	(42,391)
RECONCILIATION OF FUNDS
Total funds brought	forward			234,650	2,624,583	2,859,233	2,901,624
TOTAL FUNDS CARRIED FORWARD				240,975	2,631,053	2,872,028	2,859,233

				31/3/23	31/3/22
		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
	Notes
FIXEDASSETS
Tangible assets	8	1,357	2,639,321	2,640,678	2,692,402
CURRENT ASSETS
Stocks	9	1,884		1,884	2,828
Debtors	10	12,038		12,038	4,992
Cash at bank and in hand		255,060	82,345	337,405	368,268
		268,982	82,345	351,327	376,088
CREDITORS
Amounts falling due within one year	11	(29,364)	(5,950)	(35,314)	(118,490)
NET CURRENT ASSETS		239,618	76,395	316,013	257,598
TOTAL ASSETSLESSCURRENT
LIABILITIES		240,975	2,715,716	2,956,691	2,950,000
CREDITORS
Amounts falling due after more than one year	12		(84,663)	(84,663)	(90,767)
NET ASSETS		240,975	2,631,053	2,872,028	2,859,233
FUNDS	14
Unrestricted funds				240,975	234,650
Restricted funds				2,63 1,053	2,624,583
TOTAL FUNDS				2,872,028	2,859,233

					31/3/23	31/3/22
Deposit account interest					92
NET INCOME/(EXPENDITURE)
Net income/(expenditure)		is stated after charging/(crediting):
					31/3/23	31/3/22
					g
Independent	examiner's	remuneration	for examining	accounts	1,000	1,000
Accountancy	fees				2,200	1,800
Depreciation	-owned assets				55,251	72,602

The average monthly number ofemployees during	the year was as follows:
	3	I/3/23	3	1/3/22
Management		2		2
Administration		3		3

The total ofkey management personnel remuneration is the year was 838,667.	The total ofkey management personnel remuneration is the year was 838,667.	The total ofkey management personnel remuneration is the year was 838,667.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
		Unrestricted	Restricted	Total
		funds	funds	funds
		f.	f
INCOME AND ENDOWMENTS	FROM
Donations and legacies		4,851	20,479	25,330
Charitable activities
Glendale Gateway Trust activities		200,256	4,018	204,274
Total		205,107	24,497	229,604
EXPENDITURE ON
Raising funds		3,920		3,920
Charitable activities
Glendale Gateway Trust activities		155,333	112,742	268,075
Total		159,253	112,742	271,995
NET INCOME/(EXPENDITURE)		45,854	(88,245)	(42,391)
Transfers between funds		(79,578)	79,578
Net movement in funds		(33,724)	(8,667)	(42,391)
RECONCILIATION OFFUNDS
Total funds brought forward		268,375	2,633,249	2,901,624
TOTAL FUNDS CARRIED FORWARD		234,651	2,624,582	2,859,233

TANGIBLE FIXEDASSETS
	Freehold	Long	Plant and
	property	leasehold	machinery	Totals
		8	8
COST
At 1 April 2022	3,210,806	350,255	72,984	3,634,045
Additions			3,527	3,527
At 31March 2023	3,210,806	350,255	76,511	3,637,572
DEPRECIATION
At 1 April 2022	820,436	55,995	65,212	941,643
Charge for year	47,804	5,885	1,562	55,251
At 31March 2023	868,240	61,880	66,774	996,894
NET BOOK VALUE
At 31 March 2023	2,342,566	288,375	9,737	2,640,678
At 31March 2022	2,390,370	294,260	7,772	2,692,402

STOCKS
	31/3/23	31/3/22
Stocks	1,884	2,828

					31/3/23	31/3/22
	Other debtors				3,652	2,171
	VAT					673
	Prepayments				8,386	2,148
					12,038	4,992
11.	CREDITORS:		AMOUNTS FALLING DUE WITHIN ONK YEAR
					31/3/23	31/3/22
						8
	Bank loans	and	overdraits	(see note 13)	2,450	3,295
	Other loans	(see	note 13)		3,500	75,500
	Trade creditors				11,254	22,668
	VAT				617
	Other creditors				11,493	14,027
	Accrued expenses				6,000	3,000
					35,314	118,490
12	CREDITORS:		AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
					31/3/23	31/3/22
						6
	Bank loans	(see	note 13)		46,163	47,767
	Other loans	(see	note 13)		38,500	43,000
					84,663	90,767
13.	LOANS
	An analysis	ofthe maturity		ofloans is given below:
					31/3/23	31/3/22
					8
	Amounts falling		due within	one year on demand:
	Unity Trust	loan			2,450	3,295
	Quaker Housing		Trust loan		3,500	3,500
	Community	bonds				72,000
					5,950	78,795
	Amounts falling		between one and two years:
	Unity Trust	loan			2,900	3,227
	Quaker Housing		Trust loan		3,500	3,500
	Community	bonds				1,000
					6,400	7,727
	Amounts falling		due between two and five years:
	Unity Trust	loan			10,400	10,492
	Quaker Housing		Trust loan		10,500	10,500
					20,900	20,992

LOANS	- continued
		31/3/23	31/3/22
Amounts	falling due in more than five years:
Repayable	by instalments:
Unity Trust loan		32,863	34,048
Quaker Housing Trust loan		24,500	28,000
		57,363	62,048

MOVEMENT IN FUNDS
						Net	Transfers
						movement	between	At
					At 1.4.22	in funds	funds	31.3.23
							f,
Unrestricted funds
General fund					129,650	51,427	30,898	211,975
Designated Housing Maint		Fund			58,000		(44,000)	14,000
Designated Comm Property		Maint Fund			2,000		(2,000)
Designated Cheviot Centre		Maint Fund			20,000		(20,000)
Designated Youth Hostel Maint Fund					25,000		(10,000)	15,000
					234,650	51,427	(45,102)	240,975
Restricted funds
Cheviot Centre					314,021	(6,716)	1,128	308,433
Cheviot Centre - Foyer					17,946	(344)		17,602
Cheviot Centre - Library Extension					35,593	(712)		34,881
Cheviot Centre - Sensory Garden					4,510	(108)		4,402
Cheviot Centre - Library Fitting Out					45,258	(905)		44,353
Cheviot Centre - Pre-developement			Costs		11,936	(239)		11,697
Cheviot Centre Performance		Room			32,295	(646)		31,649
Cheviot Centre - Pods and	Offices				149,354	(2,986)		146,368
Remote Learning Hub					4,404	(468)	(1,269)	2,667
Mechanics Institute					155	(2)		153
Town Centre Regeneration					262,384	(5,248)		257,136
Youth Hostel					284,953	(6,066)		278,887
31 High Street					347,265	(6,943)		340,322
Old Library					163,449	(3,270)		160,179
12a Church Street					34,009	(680)		33,329
Roddam Dene House					349,752	(7,529)	26,706	368,929
Communal Garden at Roddem Dene			House		1,871	(37)		1,834
Former Barclays Bank					318,834	(6,287)	(4,422)	308,125
Wheatsheaf					197,698	(5,885)	5,949	197,762
Robson Patterson Ancrum	Endowment			Cap	26,706	(1,068)		25,638
Robson Patterson Ancrum	Endowment			Rev	1,068		(1,068)
Glendale Festival					8,952	(1,998)		6,954
Hugonin Arts					842	(842)
Natural Burial						1,003		1,003
Spring Clean in Wooler					113		(113)
Twin Towns Project					861	(861)
Glendale Festival Farmers Markets					5,195	1,227	199	6,621
Window Replacement Cheviot Centre					75		(75)
E-Learning Room					4,017	(4,017)
Food Bank					2,250	2,012	11,069	15,331
Remote Access Room - Attend anywhere					1,093		(1,093)
Reconnecting the Wooler Water					(1,296)	1,661		365
Feasibility Study - Old Barclays Bank					(980)	980
Garden Activities with Children						1,02]		1,021
Marjorie Stephenson Small		Grants				(1,340)	7,788	6,448
Illuminated Sheep						(303)	303
Memory Lane Dementia Care						8,979		8,979
Glendale Nourish k.Share	Shed					3,498		3,498
Warm Space						5,626		5,626
Fuel for Shopping Trips						524		524
Carbarn Defibrillator						457		457
New Heating System - Cheviot Centre						(120)		(120)
					2,624,583	(38,632)	45,102	2,631,053

						Incoming	Resources	Movement
						resources	expended	in funds
						f		6
Unrestricted funds
General fund						215,505	(164,078)	51,427
Restricted funds
Cheviot Centre							(6,716)	(6,716)
Cheviot Centre - Foyer							(344)	(344)
Cheviot Centre - Library	Extension						(712)	(712)
Cheviot Centre - Sensory	Garden						(108)	(108)
Cheviot Centre - Library	Fitting Out						(905)	(905)
Cheviot Centre - Pre-developement				Costs			(239)	(239)
Cheviot Centre Performance			Room				(646)	(646)
Cheviot Centre - Pods and		Offices					(2,986)	(2,986)
Remote Learning Hub							(468)	(468)
Mechanics Institute							(2)	(2)
Town Centre Regeneration							(5,248)	(5,248)
Youth Hostel							(6,066)	(6,066)
31 High Street							(6,943)	(6,943)
Old Library							(3,270)	(3,270)
12aChurch Street							(680)	(680)
Roddam Dene House							(7,529)	(7,529)
Communal Garden at Roddem Dene				House			(37)	(37)
Former Barclays Bank							(6,287)	(6,287)
Wheatsheaf							(5,885)	(5,885)
Robson Patterson Ancrum		Endowment			Cap		(1,068)	(1,068)
Glendale Festival						2,699	(4,697)	(1,998)
Hugonin Arts							(842)	(842)
Natural Burial						1,003		1,003
Twin Towns Project						9	(870)	(861)
Glendale Festival Farmers		Markets				2,759	(1,532)	1,227
E-Learning Room							(4,017)	(4,017)
Food Bank						6,140	(4,128)	2,012
Reconnecting the Wooler	Water					3,652	(1,991)	1,661
Feasibility Study - Old Barclays Bank						4,723	(3,743)	980
Garden Activities with Children						2,400	(1,379)	1,021
Marjorie Stephenson Small			Grants			195	(1,535)	(1,340)
Illuminated Sheep						464	(767)	(303)
BRattcliffe - for local use						600	(600)
Provide log bank						2,500	(2,500)
Memory Lane Dementia	Care					10,278	(1,299)	8,979
Glendale Nourish &Share			Shed			7,594	(4,096)	3,498
Warm Space						11,346	(5,720)	5,626
Fuel for Shopping Trips						750	(226)	524
Carbarn Defibrillator						457		457
New Heating System - Cheviot Centre							(120)	(120)
						57,569	(96,201)	(38,632)
TOTAL FUNDS						273,074	(260,279)	12,795

Comparatives for moveme	nt in fu	nds
					Net	Transfers
					movement	between	At
				At 1.4.21	in funds	funds	31.3.22
					g
Unrestricted funds
General fund				168,558	45,853	(84,761)	129,650
Designated Housing Maint	Fund			47,329		10,671	58,000
Designated Comm Property	Maint Fund			10,460		(8,460)	2,000
Designated Cheviot Centre	Maint Fund			20,236		(236)	20,000
Designated Youth Hostel Maint Fund				21,792		3,208	25,000
				268,375	45,853	(79,578)	234,650
Restricted funds
Cheviot Centre				325,048	(11,027)		314,021
Cheviot Centre - Foyer				18,437	(491)		17,946
Cheviot Centre - Library Extension				36,504	(911)		35,593
Cheviot Centre - Sensory Garden				4,648	(138)		4,510
Cheviot Centre - Library Fitting Out				46,419	(1,161)		45,258
Cheviot Centre - Pre-developement		Costs		12,235	(299)		11,936
Cheviot Centre Performance Room				33,084	(789)		32,295
Cheviot Centre - Pods and	Offices			152,990	(3,636)		149,354
Remote Learning Hub				4,955	(551)		4,404
Mechanics Institute				161	(6)		155
Town Centre Regeneration				270,552	(8,168)		262,384
Youth Hostel				293,409	(8,456)		284,953
31 High Street				356,641	(9,376)		347,265
Old Library				167,558	(4,109)		163,449
12a Church Street				34,838	(829)		34,009
Roddam Dene House				358,810	(9,058)		349,752
Communal Garden at Roddem Dene		House		1,914	(43)		1,871
Former Barclays Bank				253,380	(6,546)	72,000	318,834
Wheatsheaf				198,194	(7,006)	6,510	197,698
Robson Patterson Ancrum	Endowment		Cap	26,706			26,706
Robson Patterson Ancrum	Endowment		Rev	2,136	(2, 136)	1,068	1,068
Glendale Festival				7,802	1,150		8,952
Hugonin Arts				842			842
Spring Clean in Wooler				113			113
Twin Towns Project				1,084	(223)		861
Wooler Community Housing Scheme				920	(920)
Glendale Festival Farmers	Markets			2,842	2,353		5,195
Window Replacement Cheviot Centre				75			75
E-Learning Room				12,161	(8,144)		4,017
Food Bank				6,322	(4,072)		2,250
Glendale Agricultural Society				125	(125)
Remote Access Room - Attend anywhere				2,344	(1,251)		1,093
Reconnecting the Wooler Water					(1,296)		(1,296)
Feasibility Study - Old Barclays Bank					(980)		(980)
				2,633,249	(88,244)	79,578	2,624,583
TOTAL FUNDS				2,901,624	(42,391)		2,859,233

						Incoming	Resources	Movement
						resources	expended	in funds
Unrestricted funds
General fund						205,107	(159,254)	45,853
Restricted funds
Cheviot Centre							(11,027)	(11,027)
Cheviot Centre - Foyer							(491)	(491)
Cheviot Centre - Library Extension							(911)	(911)
Cheviot Centre - Sensory Garden							(138)	(138)
Cheviot Centre - Library Fitting Out							(1,161)	(1,161)
Cheviot Centre - Pre-developement				Costs			(299)	(299)
Cheviot Centre Performance		Room					(789)	(789)
Cheviot Centre - Pods	and Offices						(3,637)	(3,636)
Remote Learning Hub							(551)	(551)
Mechanics Institute							(6)	(6)
Town Centre Regeneration							(8,168)	(8,168)
Youth Hostel							(8,456)	(8,456)
31 High Street							(9,376)	(9,376)
Old Library							(4,109)	(4,109)
12a Church Street							(829)	(829)
Roddam Dene House							(9,058)	(9,058)
Communal Garden at Roddem			Dene	House			(43)	(43)
Former Barclays Bank							(6,546)	(6,546)
Wheatsheaf							(7,006)	(7,006)
Robson Patterson Ancrum Endowment					Rev		(2,136)	(2,136)
Glendale Festival						2,637	(1,487)	1,150
Twin Towns Project						(I)	(222)	(223)
Wooler Community Housing			Scheme				(920)	(920)
Glendale Festival Farmers Markets						3,096	(743)	2,353
E-Learning Room						15,000	(23,144)	(8,144)
Food Bank						1,892	(5,964)	(4,072)
Glendale Agricultural	Society						(125)	(125)
Remote Access Room	- Attend anywhere						(1,251)	(1,251)
Reconnecting the Wooler Water						1,872	(3,168)	(1,296)
Feasibility Study - Old	Barclays Bank						(980)	(980)
						24,497	(112,741)	(88,244)
TOTAL FUNDS						229,604	(271,995)	(42,391)
Transfers between funds