2022-08-31-accounts - Delta-North Consett Limited

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Trustees	Mr A Watson
	Mr R RTyerrman
	Mr A Gallagher
	8 A SaIkeld
	Mrs AScott
	Rev P Sinclair
	Mr R Convery
	Mr M Innes
	Mr J DShield
	Mr J Underwood
Secretary	Mr P Hillary Mr
Charity number	1068064
Company number	03488288
Registered office	YMCA Parlia ment Street
	Consett
	Co Durham
	DHB SDH
Auditor	TCGroup
	12Bessemer Court
	Hownsgill Industrial	Park
	Knitsley Lane
	Consett
	Co Durham
	DHB 7BL

		Page
Trustees' report		1-4
Statement ofTrustees'	responsibilities
Independent auditor's	report
Statement offina ncia I activities		10
Balance sheet
Statement ofcash flows		12
Notes tothe financial	statements	13-32

DELTA- NORTh CONSErr UMrrED 1NDEpENDEAuD[R'S REPORT (copillNUED) TO THE TRuEESOF DELTA- NORTH CONSErr UMrrED A further descrlptlon of our responsibilrties is available on the Financlal Reportln8 Counclvs websSte at: https:/l www.frc.org.uklOur-WorklAudlt/AudSt-and-assurance/Standards-and-8uidancelStandards-and%uidance- foraudltorslAuditorsrespDnsibilitle5-for-audit/Descrlptlon-of-audltors-resFKJnsibilities-for-audit.aspx. Thls descrlptlon forms part of our auditoff5 report. itse ol our veporc Th15 report Is made solely to the charltable company's trustees, as a body, In accordance with Chapter 3 of Part 16 of the Companles Act 2(J6. Our audit work ha5 been undertaken so that we might stste to the Char,5 trustees those matters we are requlred to state to them In an auditor's port and for no other purpose. To the fullest extent permitted by law, we do not a¢pt or assume responslblllty to anyone other than the charitable company and rts trustees as a body. for our audit worK forthi5 repor¢ orforthe oplnlons we have formed. ofour report Thls report is made solety to the Charlty's members, as a trdy. In accordaTh wlth Chapter 3 of part 16 of the Companies Act 2rxJ6. Ir audtt work has been undertaken so that we mht state to the Charlty'5 members those Matte we are Tequlred to State to them In an auditor's report and for no other purpose. To the fullest extent permltted by law, we do not accept or assume re5ponslblllty to anyone other than the Charlty and the Charity'5 members as a body, ft>r our audlt worl for thls report. or for the oplnlons we have fom)ed. Rebecu Davlson ACA {Senlor ststOry Audltorl for and On behalf ofTC 6n)up t6105123 Statutory Audltor 12 Bessemer Court Hownsgill Industrial Park Knitsley Lane Consett CD Durham DH8 7BL

				Unrestricted	Restdcted	Total	Unrestricted	Restricted	Total
				funds	funds		funds	funds
				2022	2022	2022	2021	2021	2021
			Notes	E	E	E	E	E	E
Income and endowments			from:
Donations and	legacies			2,871	8,528	11,399	130,257	95,887	226,144
Charitable activities				1,230,440		1,230,440	966,689		966,689
Investments				1		1	2		2
Other income				40,528		40,528	32,123		32,123
Total income				1,273,840	8,528	1,282,368	1,129,071	95,887	1,224,958
~Edit
Raising funds			6	18,691		18,691	6,208		6,208
Charitable activities			7	1,448,303	42,538	1,490,841	1,394,541	106,144	1,500,685
Other			12	5,408		5,408	5,108	8,194	13,302
Total resources
expended				1,472,402	42,538	1,514,940	1,405,857	114,338	1,520,195
Net gains/(losses)		on
investments			13	(17,615)		(17,615)	37,307		37,307
Gross transfers	between
funds							7,053	(7,053)
Net movement	in funds			(216,177)	(34,010)	(250,187)	(232,426)	(25,504)	(257,930)
Fund balances	at	1
September 2021				1,613,684	500,565	2,114,249	1,846,109	526,069	2,372,178
(Restated)
Fund balances	at	31
August 2022 (Restated)				1,397,507	466,555	1,864,062	1,613,683	500,565	2,114,248

					2022		2021
				Notes	E		E
Fixed assets
Tangible assets (Restated)				14		1,169,203		1,206,954
Investment	properties		(Restated)	15		335,000		520,000
Investments				16		101,539		114,154
						1,605,742		1,841,108
Current assets
Stocks				17	47		14,648
Debtors				18	86,731		126,197
Cash at bank and in		hand			271,126		323,360
					357,904		464,205
Creditors: amounts		falling due within
one year				20	(96,939)		(159,967)
Net current	assets					260,965		304,238
Total assets	less current liabilities					1,866,707		2,145,346
Creditors: amounts		falling due after
more than one year				21		(2,645)		(31,098)
Net assets						1,864,062		2,114,248
Income funds
Restricted funds				24		466,555		500,565
Unrestricted	funds (Restated)					1,397,507		1,613,683
						1,864,062		2,114,248

				2022		2021
						E
Cash flows from operating activities
Cash absorbed by operations			29		(187,949)		(329,061)
Investing activities
Purchase oftangible fixed assets				(27,495)		(24,037)
Proceeds on disposal oftangible fixed		assets		9,895		3,000
Proceeds on disposal of investment	property			180,000
Investment gains reinvested						(5,602)
Investment income received						2
Net cash generated from/(used in)
investing activities					162,401		(26,637)
Repayment ofbank loans				(26,686)		(25,526)
Payment ofobligations under finance		leases
Net cash used in financing activities					(26,686)		(25,526)
Net decrease in cash and cash equivalents					(52,234)		(381,224)
Cash and cash equivalents at beginning		ofyear			323,360		698,982
Cash and cash equivalents at end ofyear					271,126		323,360

		Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
		funds	funds		funds	funds
		2022	2022	2022	2021	2021	2021
		E	E	f	E	f
Donations	and gifts	1,871		1,871	2,583		2,583
General Grants		1,000	8,528	9,528	127,674	95,087	222,761
Other						800	800
		2,871	8,528	11,399	130,257	95,887	226,144

Donations and	legacies						(Continued)
Grants receivable for
core activities
lob Retention	Scheme				93,524		93,524
General Grants					58,149	71,087	129,236
Other		1,000	8,528	9,528	(23,999)	24,000	1
		1,000	8,528	9,528	127,674	95,087	222,761

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	Unrestdcted	Unrestricted
	funds	funds
	2022	2021
	f	f
Interest receivable
Other income
	Unrestricted	Unrestricted
	funds	funds
	2022	2021
	f	f
Net gain on disposal oftangible fixed assets		764
Other income	597
Rental Income	39,931	31,359
	40,528	32,123

			Unrestricted	Unrestricted
			funds	funds
			2022	2021
			E	f
Fundraisin	and	ublic'
Advertising			53	150


6	Raising funds				(Continued)
	T~di I
	Operating charity shops			140	2,088
	Other trading activities			3,888	3,970
	Trading costs			4,028	6,058
	Investment mana	ement		14,610
				18,691	6,208
7	Charitable activities
				General	General
				2022	2021
				E	E
	Staff costs			962,249	1,069,417
	Depreciation and impairment			55,352	71,225
	Durham Works			1,432	297
	Alternative education			66,980	25,225
	Prince's Trust			103,072	71,683
	Room hire			23,699
				1,212,784	1,237,847
	Share ofsupport costs (see note 8)			165,963	160,492
	Share ofgovernance		costs (see note 8)	112,094	102,346
				1,490,841	1,500,685
	Analysis by fund
	Unrestricted funds			1,448,303	1,394,541
	Restricted funds			42,538	106,144
				1,490,841	1,500,685

Supportcosts
	Support costs	Governance	2022Support		costs	Governance	2021
		Costs				costs
Staff costs		93,849	93,849			86,169	86,169
Depreciation					(9,197)		(9,197)
Rent and utility costs	21,914	3,500	25,414		16,829	3,462	20,291
Motor and fuel costs	16,850		16,850		9,346		9,346
Repair and maintenance
Cos'tS	23,403		23,403		36,481		36,481
Telephone and office
costs	18,083		18,083		17,967		17,967
General support costs	85,713		85,713		89,066		89,066
Audit fees		4,200	4,200			4,000	4,000
Accountancy		2,625	2,625			3,000	3,000
Legal and professional		7,920	7,920			5,715	5,715
	165,963	112,094	278,057	160,492		102,346	262,838
Analysed between
Charitable activities	165,963	112,094	278,057	160,492		102,346	262,838

		2022	2021
		Number	Number
Governance		2	2
Operational	Staff	35	42
Total		37	44
Employment	costs	2022	2021
		E	E
Wages and	salaries	833,408	924,393
Social security costs		161,612	172,583
Other pension costs		61,078	58,610
		1,056,098	1,155,586

	Unrestricted	Unrestricted	Restricted	Total
	funds	funds	funds
				E
	2022	2021	2021	2021
Net loss on disposal oftangible fixed assets	223		8,194	8,194
Bank Charges and interest	5,408	5,108		5,108
	5,631	5,108	8,194	13,302

							Unrestricted	Unrestricted
							funds	funds
							2022	2021
							f	f
Revaluation	ofinvestments						(12,615)	11,052
Revaluation	ofinvestment		properties				(5,000)	26,255
							(17,615)	37,307
Tangible Rxed assets
				Freehold	land	Fixtures and	Motor vehicles	Total
				and buildings		ettings
					E	E
Cost
At 1September 2021				1,795,559		224,640	146,978	2,167,177
Additions							27,495	27,495
Disposals							(16,655)	(16,655)
At 31August	2022			1,795,559		224,640	157,818	2,178,017
Depreciation	and impairment
At 1September 2021				673,052		208,793	78,377	960,222
Depreciation	charged	in the year		36,062		2,843	16,224	55,129
Eliminated in respect		ofdisposals					(6,537)	(6,537)
At 31August	2022			709,114		211,636	88,064	1,008,814
Carrying amount
At 31August	2022			1,086,445		13,004	69,754	1,169,203
At 31August	2021			1,122,507		15,846	68,601	1,206,954

Investment property
		2022
		6
Fair value
At 1September 2021		520,000
Disposals		(180,000)
Net gains or losses through	fair value adjustments	(5,000)
At 31August 2022		335,000

	2022
Cost or valuation
At 1September 2021	114,154
Valuation changes	(12,615)
At 31August 2022	101,539
Carrying amount
At 31August 2022	101,539
At 31August 2021	114,154

			2022	2021
			E	E
	Investments	at fair value comprise:
	Unit Trust investment		101,539	114,154
17	Stocks
			2022	2021
			E	E
	Finished goods and goods for resale		47	14,648

Debtors
		2022	2021
Amounts falling due within one year:		E	E
Trade debtors		48,966	89,419
Other debtors			286
Prepayments	and accrued income	37,765	36,492
		86,731	126,197

Loans and overdrafts
	2022	2021
	E	E
Bank loans	29,938	56,624
Payable within one year	27,293	25,526
Payable after one year	2,645	31,098

									2022	2021
								Notes	f
	Bankloans							19	27,293	25,526
	Other taxation and			social security					21,432	25,976
	Deferred	income						22		58,590
	Trade creditors								32,513	35,059
	Other creditors								3,987	6,199
	Accruals	and deferred			income				11,714	8,617
									96,939	159,967
21	Creditors: amounts			falling due after more than one year
									2022	2021
								Notes	f	f
	Bank loans							19	2,645	31,098
22	Deferred	income
									2022	2021
									f	f
	Other deferred income									58,590
	Deferred	income	is	included		in the financial statements	as follows:
									2022	2021
										E
	Deferred	income	is	included		within:
	Current	liabilities								58,590
	Movements in the			year:

Deferred	income			(Continued)
Deferred	income at	1September 2021	58,590	112,017
Resources	deferred	in the year		112,017
Deferred	income at	31August 2022	58,590	224,034

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Analysis ofnet assets	between	funds
	Unrestricted		Restricted	Total	Unrestricted	Restricted	Total
		funds	funds		funds	funds
		2022	2022	2022	2021	2021	2021
		E	f	f	f	f	f
Fund balances at 31
August 2022 are
represented by:
Tangible assets		702,648	466,555	1,169,203	723,850	483,104	1,206,954
Investment properties		335,000		335,000	520,000		520,000
Investments		101,539		101,539	114,154		114,154
Current
assets/(liabilities)		260,965		260,965	286,777	17,461	304,238
Long term liabilities		(2,645)		(2,645)	(31,098)		(31,098)
	1,397,507		466,555	1,864,062	1,613,683	500,565	2,114,248

	Reconciliation offunds
						2021			2020
	Adjustments to prior year
	Effect ofaccounting for investment		properties		at fair value	69,063			69,063
	Funds as previously reported					2045 185	2	303115
	Funds as adjusted					2 114248	2	372 178
	Analysis ofthe effect upon funds
	Unrestricted funds					69,063		69,063
29	Cash generated from operations						2022		2021
									E
	Deficit forthe year						(250,187)		(257,930)
	Adjustments for:
	Investment income recognised	in	statement		offinancial activities		(1)		(2)
	Loss on disposal oftangible fixed		assets				223		6,666
	Fair value gains and losses on	investment		properties			5,000		(26,255)
	Fair value gains and losses on	investments					12,615		(11,052)
	Depreciation and impairment	oftangible		fixed assets			55,129		62,791
	Movements in working capital:
	Decrease in stocks						14,601		2,766
	Decrease/(increase) in debtors						39,466		(57,401)
	(Decrease)/increase in creditors						(6,205)		4,783
	(Decrease) in deferred income						(58,590)		(53,427)
	Cash absorbed by operations						(187,949)		(329,061)

Analysis ofchanges	in net funds
		At 1September	Cash flows	At31August 2022
		2021
Cash at bank and in	hand	323,360	(52,234)	271,126
Loans falling due within one year		(25,526)	(1,767)	(27,293)
Loans falling due after more than one year		(31,098)	28,453	(2,645)
		266,736	(25,548)	241,188