COMPANY REGISTRATION NUMBER: 3240687 CHARITY REGISTRATION NUMBER: 1064481
Pallion Action Group Company Limited by Guarantee Unaudited Financial Statements 31 March 2023
TREMAINE
Chartered accountants 19 Tremaine Close Hartlepool TS27 3LE
Pallion Action Group
Company Limited by Guarantee
Financial Statements
Year ended 31 March 2023
| Page | |
|---|---|
| Trustees' annual report (incorporating the director's report) | 1 |
| Independent examiner's report to the trustees | 5 |
| Statement of financial activities (including income and | |
| expenditure account) | 7 |
| Statement of financial position | 8 |
| Statement of cash flows | 10 |
| Notes to the financial statements | 11 |
Pallion Action Group
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report)
Year ended 31 March 2023
The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 March 2023.
Reference and administrative details
Registered charity name Pallion Action Group Charity registration number 1064481 Company registration number 3240687 Principal office and registered 5 East Moor Road office Pallion Sunderland SR4 6QW
The trustees
D Maddison V Loraine C Poole R Downey C O'Connor D Sherriff Company secretary C Poole Independent examiner Julie Todd Tremaine Chartered Certified Accountant 19 Tremaine Close Hartlepool TS27 3LE
1
Pallion Action Group
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 March 2023
Structure, governance and management
Governing document
The organisation is an incorporated registered charity limited by guarantee. Registered with the Charity Commission of England and Wales on 18 September 1997.
The company was established under a Memorandum of Association that established the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the company being wound up, members are required to contribute an amount not exceeding £1.
Recruitment and appointment of Management Committee
The Management Committee are also the Charity Trustees for the purpose of Charity Law and under the Company's Articles of Association are known as the Management Committee. The aim is to have a maximum of 10 Trustees. Nominations are requested from other organisations. The aim is to attract a variety of skills and abilities to maximize the effectiveness of the committee.
Organisational structure
The Pallion Action Group consists of a Board of Trustees consisting of a maximum of 10 members but currently consists of 6.
Responsibilities of the Management Committee
The Management Committee shall manage the business of the Charity and may exercise all the powers of the Charity unless they are subject to any restrictions imposed by the Act, the Memorandum, the Articles or any special resolution.
No alteration of the Memorandum or the Articles shall retrospectively invalidate any prior act of the Committee.
Any meeting of the Committee at which a quorum is present at the time the relevant decision is made may exercise all the powers exercisable by the Committee.
Objectives and activities
Aims and activities
Pallion Action Group (PAG) is a voluntary sector managed project, formed in 1993 as a result of positive community action. This was to address the concerns of local residents with regard to increased crime rates linked to youth unemployment.
PAG was formed to address these issues by establishing a range of services and activities aimed at reducing offending behaviour, offering choices and providing support to parents and families in order to cope with the problems they face, especially if on low income or benefits.
Public Benefit
We have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aim and objectives and in planning our future activities. In particular, the Trustee Board consider how planned activities will contribute to the aims and objectives they have set. The Trustee Board reached the conclusion that the Charity's aims and objectives did fall within the appropriate charitable purpose.
2
Pallion Action Group
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 March 2023
Strategic report
The following sections for achievements and performance and financial review form the strategic report of the charity.
Achievements and performance
Pallion Action Group (PAG) has had a productive year. Post COVID has seen an increase in demand for services and the profile of the organisation has been raised quite substantially. Sunderland City Council (SCC) has supported with funding to help those most vulnerable to access Household Support Funding (HSF).
We have worked with over 6,570 households during the last financial year working to develop more social isolation projects and bring in partners to offer a wider range of services and projects to help support residents.
Achievements and Performance
Pallion Action Group (PAG) to make significant progress in all areas of services, projects, and delivery for the whole of our community. Here is an example of some of our main achievements.
-
We have increased delivery of educational programmes such as Multiply which has also generated unrestricted funding.
-
Delivered monthly social isolation projects including lunch for an average of 40 attendees.
-
Kayll Road Library Community Hub has gone from strength to strength in the past year with 122 sessions delivered including Jigsaw Club, Craft and Chat, Mosaic Art, Meditation, Crystals for You and Pyrography. We currently have a Wednesday men's group who are hoping to become constituted so they can source their own funding.
-
Loan Sharks Sessions
-
Household Support Fund including Fareshare and fresh fruit and vegetables has continued
-
Worked with Channel 4 Dispatches with a beneficiary to contribute to a documentary called Forgotten Pensioners. This will be aired in June 2023.
-
Delivered a job club 3 times per week
-
Working with the Police Team, Enforcement Agencies to help create a safer, cleaner community for all.
-
A defibrillator has been fitted and staff have been trained in how to use it
-
We are facilitating and collaborating with academic researchers' advice around digital scams for those most vulnerable and how we can identify ourselves online safely
-
We have continued to thrive with our established programmes and projects and have seen an increase of 25% of visitors to the organisation. We continue to be a safe and comfortable place for people to access and have been successful in securing a new building to work in partnership with Connor Brown Trust.
-
First Tier Welfare Rights advice has continued to be delivered by Sunderland West Advice Project and we have seen a peak in demand for this service. We offer First Tier Welfare Rights support and debt advice which has seen over 1 million pounds in benefits claimed for residents, as well as extending our referrals to Love Amelia and local community organisations. We have continued to deliver our regular projects with great success.
Future Plans
We are going to continue to champion digital inclusion and those residents who are most vulnerable. We will complete a funding strategy and re-visit the business plan to look at how we can help and support those most in need and also become more sustainable. We will look to upgrade our digital offer including upgrading equipment, connectivity and equipment.
3
Pallion Action Group
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 March 2023
Financial review
The statement of Financial Activities shows a surplus of £38,549 and total reserves stand at £695,057.
Reserves Policy and Risk Management
It is the policy of the charity to maintain unrestricted funds which are the free reserves of the charity, at a level which equates to approximately six to twelve months unrestricted expenditure. This provides sufficient funds to cover management and administration and support costs and to respond to emergencies.
The unrestricted reserves of the charity at 31 March 2023 amounted to £255,458 of which free reserves (i.e. those not tied up in fixed assets and designated funds) amounted to £188,511.
The trustees actively review the major risks which the charity face on a regular basis and believe that maintaining our free reserves at the levels stated above, will provide sufficient resources in the event of adverse conditions.
Plans for future periods
Moving forward we are developing projects to help combat Social Isolation and the direct effects COVID has had on our community, whilst continuing to link in with many external agencies.
The trustees' annual report and the strategic report were approved on 19 December 2023 and signed on behalf of the board of trustees by:
V Loraine Trustee
4
Pallion Action Group
Company Limited by Guarantee
Independent Examiner's Report to the Trustees of Pallion Action Group
Year ended 31 March 2023
I report to the trustees on my examination of the financial statements of Pallion Action Group ('the charity') for the year ended 31 March 2023.
Responsibilities and basis of report
As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act’).
Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales (ICAEW), which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or
-
the financial statements do not accord with those records; or
-
the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination; or
-
the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
5
Pallion Action Group
Company Limited by Guarantee
Independent Examiner's Report to the Trustees of Pallion Action Group (continued)
Year ended 31 March 2023
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Julie Todd Tremaine Chartered Certified Accountant Independent Examiner
19 Tremaine Close Hartlepool TS27 3LE
6
Pallion Action Group
Company Limited by Guarantee
Statement of Financial Activities (including income and expenditure account)
Year ended 31 March 2023
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | ||||
| funds | funds | Total funds | Total funds | ||
| Note | £ | £ | £ | £ | |
| Income and endowments | |||||
| Donations and legacies | 5 | 32,711 | 467,218 | 499,929 | 441,484 |
| Charitable activities | 6 | 21,607 | 1,414 | 23,021 | 29,103 |
| Investment income | 7 | 74 | – | 74 | 3 |
|
|
|
|
||
| Total income | 54,392 | 468,632 | 523,024 | 470,590 | |
|
|
|
|
||
| Expenditure | |||||
| Expenditure on charitable activities | 8 | 92,441 | 392,034 | 484,475 | 400,960 |
|
|
|
|
||
| Total expenditure | 92,441 | 392,034 | 484,475 | 400,960 | |
|
|
|
|
||
|
|
|
|
||
| Net income | (38,049) | 76,598 | 38,549 | 69,630 | |
|
|
|
|
||
| Transfers between funds | 105,452 | (105,452) | – | – | |
|
|
|
|
||
| Net movement in funds | 67,403 | (28,854) | 38,549 | 69,630 | |
| Reconciliation of funds | |||||
| Total funds brought forward | 188,055 | 468,453 | 656,508 | 586,878 | |
|
|
|
|
||
| Total funds carried forward | 255,458 | 439,599 | 695,057 | 656,508 | |
|
|
|
|
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 11 to 24 form part of these financial statements.
7
Pallion Action Group
Company Limited by Guarantee
Statement of Financial Position
31 March 2023
| 2023 | 2022 | ||
|---|---|---|---|
| Note | £ | £ | |
| Fixed assets | |||
| Tangible fixed assets | 13 | 354,622 | 338,988 |
| Current assets | |||
| Debtors | 14 | 60,907 | 22,149 |
| Cash at bank and in hand | 286,177 | 299,824 | |
|
|
||
| 347,084 | 321,973 | ||
| Creditors: amounts falling due within one year | 15 | 6,649 | 4,453 |
|
|
||
| Net current assets | 340,435 | 317,520 | |
|
|
||
| Total assets less current liabilities | 695,057 | 656,508 | |
|
|
||
| Net assets | 695,057 | 656,508 | |
|
|
||
| Funds of the charity | |||
| Restricted funds | 439,599 | 468,453 | |
| Unrestricted funds | 255,458 | 188,055 | |
|
|
||
| Total charity funds | 17 | 695,057 | 656,508 |
|
|
For the year ending 31 March 2023 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
The statement of financial position continues on the following page. The notes on pages 11 to 24 form part of these financial statements.
8
Pallion Action Group
Company Limited by Guarantee
Statement of Financial Position (continued)
31 March 2023
These financial statements were approved by the board of trustees and authorised for issue on 19 December 2023, and are signed on behalf of the board by:
V Loraine Trustee
The notes on pages 11 to 24 form part of these financial statements.
9
Pallion Action Group
Company Limited by Guarantee
Statement of Cash Flows
Year ended 31 March 2023
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Cash flows from operating activities | ||
| Net income | 38,549 | 69,630 |
| Adjustments for: | ||
| Depreciation of tangible fixed assets | 20,968 | 12,252 |
| Other interest receivable and similar income | (74) | (3) |
| Accrued expenses | 884 | 105 |
| Changes in: | ||
| Trade and other debtors | (38,758) | (2,185) |
| Trade and other creditors | 1,312 | 968 |
|
|
|
| Cash generated from operations | 22,881 | 80,767 |
| Interest received | 74 | 3 |
|
|
|
| Net cash from operating activities | 22,955 | 80,770 |
|
|
|
| Cash flows from investing activities | ||
| Purchase of tangible assets | (36,603) | (4,145) |
|
|
|
| Net cash used in investing activities | (36,603) | (4,145) |
|
|
|
| Net (decrease)/increase in cash and cash equivalents | (13,648) | 76,625 |
| Cash and cash equivalents at beginning of year | 299,824 | 223,199 |
|
|
|
| Cash and cash equivalents at end of year | 286,176 | 299,824 |
|
|
The notes on pages 11 to 24 form part of these financial statements.
10
Pallion Action Group
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 31 March 2023
1. General information
The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is 5 East Moor Road, Pallion, Sunderland, SR46QW, Tyne & Wear.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Companies Act 2006.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
11
Pallion Action Group
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2023
3. Accounting policies (continued)
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
-
income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
-
legacy income is recognised when receipt is probable and entitlement is established.
-
income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
-
income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
-
expenditure on raising funds includes the costs of all fundraising activities, events, noncharitable trading activities, and the sale of donated goods.
-
expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
-
other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
12
Pallion Action Group
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2023
3. Accounting policies (continued)
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
| Freehold property | - | 2% straight line |
|---|---|---|
| Plant and machinery | - | 25% straight line |
| Fixtures and fittings | - | 25% straight line |
| Motor vehicles | - | 25% straight line |
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises.
4. Limited by guarantee
In the event of the charity being wound up, members are required to contribute an amount not exceeding £1.
13
Pallion Action Group
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2023
5. Donations and legacies
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2023 | |
| £ | £ | £ | |
| Donations | |||
| Donations | 711 | 300 | 1,011 |
| Grants | |||
| City of Sunderland | – | 77,112 | 77,112 |
| Sunderland Community Fund - Empower | 2,000 | – | 2,000 |
| Virgin Money | 25,000 | – | 25,000 |
| GMBC | – | 18,000 | 18,000 |
| National Lottery Community Fund | – | 56,460 | 56,460 |
| Community Alliance | – | 4,820 | 4,820 |
| Together For Children | – | 13,705 | 13,705 |
| 29th May 1961 Charitable Trust | – | 3,000 | 3,000 |
| Sports England | – | 7,380 | 7,380 |
| SIB "Care to Achieve" | – | 69,844 | 69,844 |
| Community Foundation | – | 12,000 | 12,000 |
| Awards For All | – | 13,470 | 13,470 |
| Peoples Health Trust | – | 16,638 | 16,638 |
| John Horseman Trust | – | 5,000 | 5,000 |
| Bernica Group | 5,000 | – | 5,000 |
| Illegal Matters | – | 3,000 | 3,000 |
| Muckles | – | 3,000 | 3,000 |
| Hays Travel | – | 4,765 | 4,765 |
| The Nash Family Foundation | – | 5,679 | 5,679 |
| Wellseley Trust | – | 18,839 | 18,839 |
| Platten Family Fund | – | 9,666 | 9,666 |
| Bernard Sunley Foundation | – | 5,000 | 5,000 |
| Clothworkers Foundation | – | 7,000 | 7,000 |
| Back On The Map | – | 4,950 | 4,950 |
| ShARP | – | 104,002 | 104,002 |
| Northumbria Police | – | 3,588 | 3,588 |
|
|
|
|
| 32,711 | 467,218 | 499,929 | |
|
|
|
14
Pallion Action Group
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2023
5. Donations and legacies (continued)
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2022 | |
| £ | £ | £ | |
| Donations | |||
| Donations | 2,899 | 500 | 3,399 |
| Grants | |||
| City of Sunderland | – | 40,879 | 40,879 |
| Roseline Foundation | 10,000 | – | 10,000 |
| Hadrian Trust | 1,000 | – | 1,000 |
| Virgin Money | 20,000 | – | 20,000 |
| National Lottery Community Fund | – | 63,407 | 63,407 |
| The 1989 Willan Charitable Trust | 10,000 | – | 10,000 |
| Together For Children | – | 19,550 | 19,550 |
| Grace Charitable Trust | – | 2,500 | 2,500 |
| Sports England | – | 8,890 | 8,890 |
| SIB "Pride in Pallion" | – | 878 | 878 |
| Peoples Health Trust | – | 9,244 | 9,244 |
| CoOp | – | 1,742 | 1,742 |
| Youth Allmighty | – | 7,812 | 7,812 |
| The Barbour Trust | – | 10,000 | 10,000 |
| LA6 | – | 27,000 | 27,000 |
| Wellseley Trust | – | 5,020 | 5,020 |
| Building Better Opportunities | – | 50,536 | 50,536 |
| Community Foundation | – | 18,226 | 18,226 |
| ShARP | – | 116,501 | 116,501 |
| Northumbria Police | – | 4,900 | 4,900 |
| The Four Acre Trust | 10,000 | – | 10,000 |
|
|
|
|
| 53,899 | 387,585 | 441,484 | |
|
|
|
15
Pallion Action Group
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2023
6. Charitable activities
| Unrestricted | Restricted | Total Funds | ||
|---|---|---|---|---|
| Funds | Funds | 2023 | ||
| £ | £ | £ | ||
| Other | 10,872 | 1,414 | 12,286 | |
| Admin services | 421 | – | 421 | |
| Room hire | 10,314 | – | 10,314 | |
|
|
|
||
| 21,607 | 1,414 | 23,021 | ||
|
|
|
||
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2022 | ||
| £ | £ | £ | ||
| Other | 6,703 | 2,445 | 9,148 | |
| Admin services | 737 | – | 737 | |
| Room hire | 11,248 | – | 11,248 | |
| Training | 7,970 | – | 7,970 | |
|
|
|
||
| 26,658 | 2,445 | 29,103 | ||
|
|
|
||
| Investment income | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
| Funds | 2023 | Funds | 2022 | |
| £ | £ | £ | £ | |
| Bank interest received | 74 | 74 | 3 | 3 |
|
|
|
|
7. Investment income
16
Pallion Action Group
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2023
8. Expenditure on charitable activities by fund type
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2023 | |
| £ | £ | £ | |
| General Fund | 92,441 | – | 92,441 |
| Peoples' Heatlth | – | 9,979 | 9,979 |
| Outdoor Activities | – | 7,437 | 7,437 |
| Care to Achieve | – | 46,510 | 46,510 |
| Kayll Road Library | – | 9,158 | 9,158 |
| Welfare Rights Sunderland | – | 65,101 | 65,101 |
| H.Y.P.E | – | 44,848 | 44,848 |
| Childrens Fitness | – | 4,995 | 4,995 |
| Health & Wellbeing | – | 6,433 | 6,433 |
| Community Foundation - Job Club | – | 6,003 | 6,003 |
| Awards for All Wellbeing | – | 1,272 | 1,272 |
| LA6 Community Renewal | – | 34,257 | 34,257 |
| Building fund | – | 9,116 | 9,116 |
| T4C Holiday Activities | – | 12,421 | 12,421 |
| Warm Spaces | – | 30,418 | 30,418 |
| Library Development | – | 12,486 | 12,486 |
| Community Chest - Craft & Chat KRL | – | 54 | 54 |
| Assumption Job Club | – | 6,803 | 6,803 |
| Small Grants | – | 20,865 | 20,865 |
| Sports England - Fitness | – | 4,440 | 4,440 |
| Corona Virus Response | – | 13,712 | 13,712 |
| BBO - Wise Group | – | 34,571 | 34,571 |
| SIB - Pride in Pallion | – | 382 | 382 |
| Awards For All Christmas | – | 7,658 | 7,658 |
| Multiply | – | 3,115 | 3,115 |
|
|
|
|
| 92,441 | 392,034 | 484,475 | |
|
|
|
|
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2022 | |
| £ | £ | £ | |
| General Fund | 88,941 | – | 88,941 |
| Peoples' Heatlth | – | 13,551 | 13,551 |
| Outdoor Activities | – | 2,104 | 2,104 |
| Care to Achieve | – | 25,640 | 25,640 |
| RISE NE - Talking Inequalities | – | 874 | 874 |
| Kayll Road Library | – | 6,203 | 6,203 |
| Welfare Rights Sunderland | – | 67,899 | 67,899 |
| H.Y.P.E | – | 54,060 | 54,060 |
| Childrens Fitness | – | 11,299 | 11,299 |
| Health & Wellbeing | – | 10,468 | 10,468 |
| Community Foundation - Job Club | – | 2,961 | 2,961 |
| Awards for All Wellbeing | – | 7,237 | 7,237 |
17
Pallion Action Group
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2023
| LA6 Community Renewal | – | 4,709 | 4,709 | |
|---|---|---|---|---|
| Building fund | – | 9,116 | 9,116 | |
| T4C Holiday Activities | – | 14,440 | 14,440 | |
| Library Development | – | 10,517 | 10,517 | |
| Community Chest - Craft & Chat KRL | – | 155 | 155 | |
| Assumption Job Club | – | 8,197 | 8,197 | |
| Small Grants | – | 16,418 | 16,418 | |
| Northumbria Police | – | 984 | 984 | |
| Corona Virus Response | – | 12,609 | 12,609 | |
| BBO - Wise Group | – | 29,646 | 29,646 | |
| SIB - Pride in Pallion | – | 815 | 815 | |
| Sir John Priestman - Equipment | – | 124 | 124 | |
| Shears/Barbour - Youth Opportunities | – | 1,993 | 1,993 | |
|
|
|
||
| 88,941 | 312,019 | 400,960 | ||
|
|
|
||
| 9. | Net income | |||
| Net income is stated after charging/(crediting): | ||||
| 2023 | 2022 | |||
| £ | £ | |||
| Depreciation of tangible fixed assets | 20,968 | 12,252 | ||
|
|
|||
| 10. | Independent examination fees | |||
| 2023 | 2022 | |||
| £ | £ | |||
| Fees payable to the independent examiner for: | ||||
| Independent examination of the financial statements | 1,080 | 960 | ||
|
|
|||
| 11. | Staff costs | |||
| The total staff costs and employee benefits for the reporting | period are | analysed as | follows: | |
| 2023 | 2022 | |||
| £ | £ | |||
| Wages and salaries | 297,332 | 252,613 | ||
| Social security costs | 14,103 | 12,809 | ||
| Employer contributions to pension plans | 5,088 | 4,052 | ||
|
|
|||
| 316,523 | 269,474 | |||
|
|
18
Pallion Action Group
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2023
11. Staff costs (continued)
The average head count of employees during the year was 25 (2022: 20). The average number of full-time equivalent employees during the year is analysed as follows:
2023 2022 No. No. Charitable activities 25 20
No employee received employee benefits of more than £60,000 during the year (2022: Nil).
12. Trustee remuneration and expenses
No remuneration or other benefits from employment with the charity or a related entity were received by the trustees.
13. Tangible fixed assets
| Freehold | Plant and | Fixtures and | Motor | ||
|---|---|---|---|---|---|
| property | machinery | fittings | vehicles | Total | |
| £ | £ | £ | £ | £ | |
| Cost | |||||
| At 1 April 2022 | 486,524 | 14,618 | 100,585 | 4,000 | 605,727 |
| Additions | – | – | 7,803 | 28,800 | 36,603 |
|
|
|
|
|
|
| At 31 March 2023 | 486,524 | 14,618 | 108,388 | 32,800 | 642,330 |
|
|
|
|
|
|
| Depreciation | |||||
| At 1 April 2022 | 166,392 | 3,168 | 93,180 | 4,000 | 266,740 |
| Charge for the year | 9,116 | 731 | 3,921 | 7,200 | 20,968 |
|
|
|
|
|
|
| At 31 March 2023 | 175,508 | 3,899 | 97,101 | 11,200 | 287,708 |
|
|
|
|
|
|
| Carrying amount | |||||
| At 31 March 2023 | 311,016 | 10,719 | 11,287 | 21,600 | 354,622 |
|
|
|
|
|
|
| At 31 March 2022 | 320,132 | 11,450 | 7,405 | – | 338,987 |
|
|
|
|
|
14. Debtors
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Trade debtors | 57,871 | 19,729 |
| Prepayments and accrued income | 3,036 | 2,420 |
|
|
|
| 60,907 | 22,149 | |
|
|
19
Pallion Action Group
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2023
15. Creditors: amounts falling due within one year
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Trade creditors | 3,960 | 1,803 |
| Accruals and deferred income | 2,689 | 1,805 |
| Other creditors | – | 845 |
|
|
|
| 6,649 | 4,453 | |
|
|
16. Pensions and other post retirement benefits
Defined contribution plans
The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £5,088 (2022: £4,052).
17. Analysis of charitable funds
Unrestricted funds
| Unrestricted funds | ||||||
|---|---|---|---|---|---|---|
| At | At 31 March | |||||
| 1 | April 2022 | Income | Expenditure | Transfers | 2023 | |
| £ | £ | £ | £ | £ | ||
| General funds | 188,055 | 54,392 | (92,441) | 105,452 | 255,458 | |
|
|
|
|
|
||
| At | At 31 March | |||||
| 1 | April 2021 | Income | Expenditure | Transfers | 2022 | |
| £ | £ | £ | £ | £ | ||
| General funds | 158,673 |
80,560 |
(88,941) |
37,763 |
188,055 |
20
Pallion Action Group
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2023
17. Analysis of charitable funds (continued) Restricted funds
| Analysis of charitable fu Restricted funds |
nds (continued) | ||||
|---|---|---|---|---|---|
| At | At 31 March | ||||
| 1 April 2022 | Income | Expenditure | Transfers | 2023 | |
| £ | £ | £ | £ | £ | |
| Building | 296,791 | – | (9,116) | – | 287,675 |
| Welfare Rights City of | |||||
| Sunderland | 50,823 | 104,002 | (65,101) | (15,784) | 73,940 |
| LA6 - Community | |||||
| Renewal | 21,634 | 22,820 | (34,257) | (6,250) | 3,947 |
| Awards for All | 2,761 | – | (1,272) | (1,489) | – |
| BBO Wise Group | (1,132) | 23,931 | (34,571) | 11,772 | – |
| T4C - Holiday Activities | 2,460 | 13,705 | (12,421) | (1,450) | 2,294 |
| Peoples' Health | (3,871) | 16,638 | (9,979) | (2,788) | – |
| Kayll Road Library | 13,201 | 1,354 | (9,158) | 3,271 | 8,668 |
| Childrens Fitness | 8,251 | – | (6,375) | (1,876) | – |
| Health & Wellbeing | (3,484) | 10,449 | (6,433) | (532) | – |
| Bernica - Library | |||||
| Development | 10,008 | 8,000 | (12,486) | – | 5,522 |
| Care to Achieve | (5,446) | 79,723 | (46,510) | (27,767) | – |
| SIB Pride In Pallion | 384 | – | (382) | (2) | – |
| Northumbria Police - | |||||
| Payback | 4,900 | 3,588 | (4,900) | – | 3,588 |
| Cancer Awareness YAP | – | – | – | – | – |
| Strength & Balance | 1,870 | – | (2,200) | (670) | (1,000) |
| H.Y.P.E | 16,455 | 32,529 | (44,848) | (4,136) | – |
| Holidays | 3,808 | 4,765 | (2,708) | – | 5,865 |
| Rothley Trust | 747 | – | (178) | – | 569 |
| Community Chest - Craft | |||||
| & Chat KRL | 54 | – | (54) | – | – |
| Warm Spaces | – | 35,020 | (30,418) | (7,140) | (2,538) |
| Get a Job | 25 | 2,624 | (2,211) | (438) | – |
| Shopping & | |||||
| Prescriptions | 1,324 | – | (564) | (760) | – |
| Northumbria Police | 331 | – | (158) | (173) | – |
| Corona Virus Response | 6,972 | – | (3,806) | (2,699) | 467 |
| Job Club | 337 | 23,595 | (6,003) | – | 17,929 |
| KRL Improvements | 391 | – | (91) | – | 300 |
| Assumption - Job Club | 25,151 | – | (6,803) | (18,348) | – |
| Social Isolation | 2,225 | 2,000 | (4,225) | – | – |
| Outdoor Activities | 13,956 | – | (7,437) | – | 6,519 |
| Covid Winter Response | (4,703) | 7,060 | (9,906) | 13,186 | 5,637 |
| Slow Cookers | 1,028 | – | (1,038) | 10 | – |
| Covid Champion YAP | 1,202 | – | – | (1,202) | – |
| Stop Loan Sharks | – | 3,000 | (2,592) | (200) | 208 |
| Van | – | 22,000 | – | (22,000) | – |
| Awards For All | |||||
| Christmas | – | 13,470 | (7,658) | (835) | 4,977 |
| Multiply | – | 22,019 | (3,115) | (15,772) | 3,132 |
| Sport England Fitness | – | 7,380 | (3,060) | (1,380) | 2,940 |
| Wellesley Trust | – | 8,960 | – | – | 8,960 |
|
|
|
|
|
|
| 468,453 | 468,632 | (392,034) | (105,452) | 439,599 | |
|
|
|
|
|
21
Pallion Action Group
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2023
17. Analysis of charitable funds (continued)
| At | At 31 March | ||||
|---|---|---|---|---|---|
| 1 April 2021 | Income | Expenditure | Transfers | 2022 | |
| £ | £ | £ | £ | £ | |
| Building | 305,907 | – | (9,116) | – | 296,791 |
| Welfare Rights City of | |||||
| Sunderland | 17,209 | 116,556 | (67,899) | (15,043) | 50,823 |
| LA6 - Community | |||||
| Renewal | – | 27,000 | (4,709) | (657) | 21,634 |
| Awards for All | 9,998 | – | (7,237) | – | 2,761 |
| BBO Wise Group | 1,831 | 30,019 | (29,646) | (3,336) | (1,132) |
| T4C - Holiday Activities | – | 19,550 | (14,440) | (2,650) | 2,460 |
| Peoples' Health | 5,246 | 9,244 | (13,551) | (4,810) | (3,871) |
| RISE NE - Talking | |||||
| Inequalities | 874 | – | (874) | – | – |
| Kayll Road Library | 10,051 | 2,374 | (6,203) | 6,979 | 13,201 |
| Childrens Fitness | – | 23,890 | (11,299) | (4,340) | 8,251 |
| Health & Wellbeing | – | 8,217 | (10,468) | (1,233) | (3,484) |
| Bernica - Library | |||||
| Development | 4,525 | 16,000 | (10,517) | – | 10,008 |
| Care to Achieve | (324) | 20,518 | (25,640) | – | (5,446) |
| SIB Pride In Pallion | 321 | 878 | (815) | – | 384 |
| Northumbria Police - | |||||
| Payback | – | 4,900 | – | – | 4,900 |
| Cancer Awareness YAP | – | 500 | (505) | 5 | – |
| Strength & Balance | – | 2,060 | (190) | – | 1,870 |
| H.Y.P.E | 15,065 | 63,406 | (54,060) | (7,956) | 16,455 |
| Holidays | 3,878 | 2,500 | (2,570) | – | 3,808 |
| Rothley Trust | 956 | – | (209) | – | 747 |
| Community Chest - Craft | |||||
| & Chat KRL | 534 | – | (155) | (325) | 54 |
22
Pallion Action Group
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2023
| 17. | Analysis of charitable funds | (continued) | ||||
|---|---|---|---|---|---|---|
| Xmas Switch On | – | 500 | (500) | – | – | |
| Shopping & | ||||||
| Prescriptions | 1,308 | 16 | – | – | 1,324 | |
| Northumbria Police | 1,315 | – | (984) | – | 331 | |
| Corona Virus Response | 7,824 | – | (852) | – | 6,972 | |
| Job Club | 792 | 3,226 | (2,961) | (720) | 337 | |
| KRL Improvements | 391 | – | – | – | 391 | |
| Sir John Priestman | 644 | – | (124) | (520) | – | |
| Youth Opportunities | 1,994 | – | (1,994) | – | – | |
| Catherine Cookson | 250 | – | (250) | – | – | |
| COVID 19 - Mental | ||||||
| Health - YAP | 1,300 | 1,300 | (2,600) | – | – | |
| Assumption - Job Club | 15,000 | 18,348 | (8,197) | – | 25,151 | |
| Social Isolation | 2,097 | 4,242 | (3,814) | (300) | 2,225 | |
| GMBC - LA6 - Capacity | ||||||
| Building | 799 | – | (300) | (499) | – | |
| Outdoor Activities | 11,040 | 5,020 | (2,104) | – | 13,956 | |
| Covid Winter Response | 3,611 | – | (7,446) | (868) | (4,703) | |
| Slow Cookers | 2,769 | – | (1,361) | (380) | 1,028 | |
| Social Isolation | 1,000 | – | (389) | (611) | – | |
| Get a Better Job | – | 3,754 | (3,729) | – | 25 | |
| Covid Champion YAP | – | 6,012 | (4,311) | (499) | 1,202 | |
|
|
|
|
|
||
428,205 |
390,030 |
(312,019) |
(37,763) |
468,453 |
23
Pallion Action Group
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2023
18. Analysis of net assets between funds
| Unrestricted | Restricted | Total Funds | ||
|---|---|---|---|---|
| Funds | Funds | 2023 | ||
| £ | £ | £ | ||
| Tangible fixed assets | (66,947) | 287,675 | 220,728 | |
| Current assets | 195,160 | 151,924 | 347,084 | |
| Creditors less than 1 year | (6,649) | – | (6,649) | |
|
|
|
||
| Net assets | 121,564 | 439,599 | 561,163 | |
|
|
|
||
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2022 | ||
| £ | £ | £ | ||
| Tangible fixed assets | 42,197 | 296,791 | 338,988 | |
| Current assets | 150,311 | 171,662 | 321,973 | |
| Creditors less than 1 year | (4,453) | – | (4,453) | |
|
|
|
||
| Net assets | 188,055 | 468,453 | 656,508 | |
|
|
|
||
| 19. | Analysis of changes in net debt | |||
| At | ||||
| At 1 Apr 2022 | Cash flows | 31 Mar 2023 | ||
| £ | £ | £ | ||
| Cash at bank and in hand | 299,824 | (13,647) | 286,177 | |
|
|
|
24