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