| Page | ||
|---|---|---|
| Report ofthe Management Trustees |
1 —8 | |
| independent Auditor's |
Report | 9 —13 |
| Statement of Financial |
Activities | |
| Balance Sheet | 15 | |
| Cash Flow Statement | 16 | |
| Notes to the Financial | Statements | 17—31 |
| Charity Nurriber |
Charity Nurriber |
1076317 | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Company | Number | 03069213 | ||||||||||
| Registered | office | Hexham Road, |
Walbottle, | Newcastle | upon | Tyne, NE15 8HW | ||||||
| Our advisors | ||||||||||||
| Bankers | National Westminster | Bank, 149High | Street, Gosforth, Newcastle | upon | Tyne, | |||||||
| NE3 1HA | ||||||||||||
| Solicitors/Legal | issues | Ward Hadaway | Law | Firm, | Sandgate | House, | 102Quayside, | Newcastle | upon Tyne, | |||
| NE13DX | ||||||||||||
| Auditors | Haines Watts, 17Queens | Lane, Newcastle | upon Tyne, NE1 | 1RN |
| Unrestricted | Designated | Restricted | Total | Total | ||
|---|---|---|---|---|---|---|
| funds | funds | funds | 2022 | 2021 | ||
| Notes | ||||||
| Income from: | ||||||
| Donations Charitable activities Investment income Other income |
44,288 2,778,266 27 |
30,141 | 74,429 2,778,266 2? |
41,967 2,687,488 |
||
| 8,509 | ||||||
| Total income | 2,822,581 | 30,141 | 2,852,722 | 2,737,964 | ||
| Expenditure on: |
||||||
| Charitable activities |
2,287,241 | 30,141 | 2,317,382 | 2,303,727 | ||
| Total expenditure | 2,287,241 | — | 30,141 | 2,317,382 | 2,303,727 | |
| Net movement before transfers |
535,340 | 535,340 | 434,237 | |||
| Transfers between funds |
20 | ( 1,865,210 ) | 1,865,210 | |||
| Net movement in funds |
( 1,329,870 ) | 1,865,210 | — | 535,340 | 434,237 | |
| Reconciliation offunds |
||||||
| Total funds brought forward |
1,765,296 | 1,765,296 | 1,331,059 | |||
| Total funds carried forward | 435,426 | 1,865,210 | - | 2,300,636 | 1,765,296 |
| Notes | 2022 | 2021 | ||||
|---|---|---|---|---|---|---|
| Fixed assets | ||||||
| Tangible assets | 13 | 1,968,367 | 1,662,317 | |||
| Current assets | ||||||
| Debtors Cash at bank and in hand |
14 | 541,214 505,009 |
324,864 635,508 |
|||
| Liabilities: | 1,046,223 | 960,372 | ||||
| Creditors: amounts | falling due | |||||
| within one year | ( 657,059 ) | ( 575,021 | ) | |||
| Net current assets | 389,164 | 385,351 | ||||
| Total assets less current liabilities | 2,357,531 | 2,047,668 | ||||
| Creditors: falling due | after | |||||
| more than one year | ( 56,895 ) | ( 282,372 ) | ||||
| Total net assets | 2,300,636 | 1,765,296 | ||||
| The funds ofthe charity | ||||||
| Restricted funds | 20 | |||||
| Unrestricted funds Designated |
20 20 |
435,426 1,865,210 |
1,765,296 | |||
| 2,300,636 | 1,765,296 |
| Note | 2022 f |
2022 f |
2021f | |||
|---|---|---|---|---|---|---|
| Cash flow from operating | activities | |||||
| Net cash flow from operating activities | 24 | 340,682 | 621,678 | |||
| Cash fiow from investing | activities | |||||
| Payments to acquire tangible fixed assets |
( 418,655 | ) | ( 245,316 ) | |||
| Net cash flow from investing activities |
(418,655) | (245,316) | ||||
| Cash fiow from financing | activities | |||||
| Repayment ofborrowings |
||||||
| ( 52,526 ) | ( 64,200 ) | |||||
| Net cash flow from financing activities | ( 52,526 ) | ( 64.200 ) | ||||
| Net increase/(decrease) in cash and cash equivalents |
( 130,499 ) | (312,162) | ||||
| Cash and cash equivalents | at the beginning | ofthe year | 635,508 | 323,346 | ||
| Cash and cash equivalents | at the end ofthe year | 505,009 | 635,508 | |||
| Cash and cash equivalents | consist of: | |||||
| Cash at bank and in hand | ||||||
| 505,009 | 635,508 |
| Comparative Statement ofF |
inancial Activities | |||
|---|---|---|---|---|
| Unrestricted | Restricted | Total | ||
| Funds | Funds | 2021 | ||
| Notes | f | |||
| Income from: | ||||
| Donations Charitable activities Other trading income |
28,281 2,687,488 8,509 |
13,686 | 41,967 2,687,488 8,509 |
|
| Total income | 2,724,278 | 13,686 | 2,737,964 | |
| Expenditure on: |
||||
| Charitable activities |
2,290,041 | 13,686 | 2,303,727 | |
| Total expenditure | 2,290,041 | 13,686 | 2,303,727 | |
| Net Income/(expenditure) | ||||
| before transfers | 434,237 | 434,237 | ||
| Transfers | 20 | 98,198 | ( 98,198 ) | |
| Net movement in funds |
532,435 | ( 98,198 ) | 434,237 | |
| Reconciliation offunds | ||||
| Total funds brought forward | 1,232,861 | 98,198 | 1,331,059 | |
| Total funds carried forward | 1,765,296 | 1,765,296 |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| Grants | f | |||||
| Donations | 72,524 | 40,967 | ||||
| 1,905 | 1,000 | |||||
| 74,429 | 41,967 | |||||
| Income | from charitable | activities | ||||
| 2022 | 2021 | |||||
| School | ||||||
| Residential | children's | home | 1,739,777 | 1,785,232 | ||
| Other | 1,034,396 | 897,911 | ||||
| 4,093 | 4,345 | |||||
| 2,778,266 | 2,687,488 | |||||
| Other income | ||||||
| 2022 | 2021 | |||||
| Insurance | claim | |||||
| 8,509 |
| Expenditur | e on |
charitable activities | ||||
|---|---|---|---|---|---|---|
| Activities | ||||||
| undertaken | Support | |||||
| directly | costs | 2022 | 2021 | |||
| School | f. | |||||
| Residential | care | home | 1,402,098 738,801 |
110,953 65,530 |
1,513,051 804,331 |
1,601,073 702,654 |
| 2,140,899 | 176,483 | 2,317,382 | 2,303,727 |
| 8 | . Support co |
sts | |||
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| Salary costs | |||||
| Governance | costs (note 9) | 165,662 10,821 |
336,744 10,504 |
||
| 176,483 | 347,248 | ||||
| 9. | Governance | costs | |||
| 2022 | 2021 | ||||
| Payroll costs | |||||
| Audit fee | 4,161 | 4,024 | |||
| Non audit fee | 6,240 | 6,060 | |||
| 420 | 420 | ||||
| 10,821 | 10,504 | ||||
| 10. | Net movement | for the year | |||
| This is stated after charging: | |||||
| 2022 | 2021 | ||||
| Depreciation | |||||
| Audit remuneration | 112,605 | 94,441 | |||
| 6,240 | 6,060 | ||||
| 11. | Analysis ofstaff costs and trustee remuneration | and expenses | |||
| Staff costs were as follows: |
| 2022 | 2021 | |
|---|---|---|
| Wages and salaries | ||
| Social security costs | 1,499,166 | 1,476,290 |
| Pension costs | 135,931 | 135,941 |
| 147,629 | 143,942 | |
| 1,782,726 | 1,756,173 |
| The avera | ge monthly number ofemployees during t |
he year was: | |
|---|---|---|---|
| 2022 | 2021 | ||
| Number | Number | ||
| Charitable | activities | 62 | 58 |
| 2022 | 2021 |
|---|---|
| Number | Number |
| 15. Debtors | ||||
|---|---|---|---|---|
| 2022 | 2021 | |||
| Trade debtors | f | |||
| Prepayments and accrued income |
526,306 14,908 |
309,877 14,987 |
||
| 541,214 | 324,864 | |||
| 16. Creditors: amounts falling due within one year |
||||
| 2022 | 2021 | |||
| Bank loans and overdraft (secured) Trade creditors |
f | 52,526 | ||
| Taxes and social security Accruals and deferred income Other creditors |
36,633 31,039 577,666 |
36,540 32,905 302,960 |
||
| 11,721 | 150,090 | |||
| 657,059 | 575,021 | |||
| 17. Deferred income | ||||
| Deferred income | comprises fee income relating to future periods: | |||
| Balance at 1 April Amounts released Amounts deferred |
2021 to income earned from charitable in the year |
activities | ( | 293,165 293,165 ) 568,130 |
| Balance at 31 March 2022 | ||||
| 568,130 |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| Pension | liability | (note | 18) | 56,895 | 282,372 |
| 56,885 | 282,372 |
| Period Ending | Period Ending | ||||
|---|---|---|---|---|---|
| 31 INarch 2022 | 31 INarch 2021 | ||||
| Provision at start Unwinding ofthe Deficit contribution Remeasurements Remeasurements |
ofperiod discount factor (interest expense) paid —impact ofany change in assumptions —amendments to the contribution schedule |
f.'000 R'000 282 335 2 7 (71 ) (69) (1) 9 (155) |
|||
| Provision at end ofperiod | 57 | 282 |
| Income and expe | nditure impact |
|||
|---|---|---|---|---|
| Period Ending | Period Ending | |||
| 31 March 2022 | 31March 2021 | |||
| Interest expense Remeasurements Remeasurements Contributions paid |
—impact ofany change in assumptions —amendments tothe contribution schedule in respect offuture service" |
R'000 R'000 1 8 (1) 10 (154) |
||
| Costs recognised | in income and expenditure account |
| Assumptions | 31 March 2022 | 31 INarch 2021 | 31INarch 2020 |
|---|---|---|---|
| %per annum | %per annum | %per annum | |
| Rate ofdiscount | 2.35 | 0.66 | 2.53 |
| Year ended | 31March 2022 | 31March 2022 | |||||||
|---|---|---|---|---|---|---|---|---|---|
| At 1 April | At 31 March | ||||||||
| 2021 f |
Income f |
Expenditure f |
Transfers f |
2022 | |||||
| Unrestricted | funds | 1,765,296 | 2,822,581 | (2,287,241 ) | (1,865,210 | ) | 435,426 | ||
| Designated | funds | ||||||||
| Property fund |
1,865,210 | 1,865,210 | |||||||
| Restricted funds | |||||||||
| Devolved Formula |
Capital | 30,141 | ( 30,141 ) | ||||||
| 30,141 | ( 30,141 ) | ||||||||
| Total | 1,765,2962,852,722 | (2,317,382) | 2,300,636 | ||||||
| Year ended | 31March 2021 | ||||||||
| At 1April | At 31 March | ||||||||
| 2020 f |
Income f |
Expenditure f |
Transfers f |
2021 f |
|||||
| Unrestricted | funds | 1,232,861 | 2,724,278 | ( 2,290,041 ) | 98,198 | 1,765,296 | |||
| Restricted funds | |||||||||
| Devolved Formula Capital Mark Benevolent Fund |
98,198 | 13,686 | ( 13,686 ) | ( 98,198 | ) | ||||
| 98,198 | 13,686 | ( 13,686 ) | (98,198 | ) | |||||
| Total | 1,331,059 | 2,737,964 | ( 2,303,727 ) | 1,765,296 |
| Y31 | |||
|---|---|---|---|
| ear ended March 2022 | Unrestricted | Restricted | |
| Funds | Funds | Total | |
| f. | |||
| Tangible fixed assets Net current assets Creditors: amounts falling due after more than one year |
1,968,367 389,165 ( 56,895 ) |
1,968,367 389,165 ( 56,895 ) |
|
| 2,300,636 | 2,300,636 |
| 2022 | 2021f | ||
|---|---|---|---|
| Net income forthe | year | 535,340 | 434„237 |
| Depreciation increase/(decrease) (Decrease)/increase (Decrease)/increase |
in debtors in creditors: due within one year in creditors: due after more than one year |
112,605 ( 216,350 ) 134,564 ( 225,477 ) |
94,441 510,231 ( 365,030 ) ( 52,201 ) |
| 340,682 | 621,678 |
| Analysis ofchanges in net debt |
|||
|---|---|---|---|
| At 1 April | Cash | At 31 March | |
| 2021 | flows | 2022 | |
| Cash and cash equivalents | |||
| Cash at bank and in hand | 635,508 | ( 130,499 ) | 505,009 |
| Borrowing s | |||
| Debt due within one year Debt due after one year |
( 52,526 ) ( 282,372 ) |
52,526 339,267 |
( 56,895 ) |
| ( 334,898 ) | 391,793 | ( 56,895 ) | |
| Total | 300,610 | 261,294 | 448,114 |