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|||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|
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|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|||
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|||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|
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|||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|
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||||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|||505,008||635,508|
|Cash and cash equivalents|consist of:||||||
|Cash at bank and in hand|||||||
|||||505,009||635,508|
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|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|
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||||||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|
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|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|
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|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|
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|The avera|ge
monthly
number ofemployees
during t|he year was:||
|---|---|---|---|
|||2022|2021|
|||Number|Number|
|Charitable|activities|62|58|
|2022|2021|
|---|---|
|Number|Number|
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|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|
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|||||2022|2021|
|---|---|---|---|---|---|
|Pension|liability|(note|18)|56,895|282,372|
|||||56,885|282,372|
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|||||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|
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|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|
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|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|
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|||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|