## **REGISTERED COMPANY NUMBER: 04016295 (England and Wales) REGISTERED CHARITY NUMBER: 1083231** **----- Start of picture text -----**
Report of the Trustees and
Financial Statements
for the Year Ended 31 March 2022
for
Catalyst Stockton-On-Tees Limited
**----- End of picture text -----**
Anderson Barrowcliff LLP Statutory Auditors Chartered Accountants 3 Kingfisher Court Bowesfield Park Stockton on Tees TS18 3EX ## **Catalyst Stockton-On-Tees Limited** **Contents of the Financial Statements for the Year Ended 31 March 2022** **----- Start of picture text -----**
Page
Report of the Trustees 1 to 6
Report of the Independent Auditors 7 to 9
Statement of Financial Activities 10
Balance Sheet 11
Cash Flow Statement 12
Notes to the Financial Statements 13 to 26
**----- End of picture text -----**
## **Catalyst Stockton-On-Tees Limited (Registered number: 04016295)** ## **Report of the Trustees** ## **for the Year Ended 31 March 2022** The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2022. The trustees have adopted the provisions of Accounting and Reporting by Charities: 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) (effective 1 January 2019). ## **OBJECTIVES AND ACTIVITIES** ## **Objectives and activities** The main objectives were set by Trustees in the 2021-22 Business Plan, agreed by Trustees in March 2021. The business plan was discussed with VCSE partners through the Council of Interest and their comments were made known to the Board. The Business Plan contains an overall mission statement: Catalyst is a forward thinking and modern strategic infrastructure organisation, facilitating leadership for the voluntary, community & social enterprise sector (VCSE) in Stockton-on-Tees. In 2021/22, the mission statement was underpinned by the following strategic objectives: - To enable organisations in the VCSE sector in Stockton to work in close partnership, so that services are designed, implemented and governed on a multi-agency basis where possible, maximising income, the use of resources, and the benefits to local communities; - To represent and champion the VCSE effectively in discussions with partners from other sectors, from within and outside Stockton; - To take a strategic approach to volunteering in Stockton, so that the number of volunteers increases. Coordinate a large number of volunteering opportunities across a wide partnership of VCSE organisations and promote the StocktonVolunteers website and the new volunteering strategy; - To work with commissioners and VCSE partners to identify opportunities for developing the market of VCSE services in the Borough, and to work with partners to develop services to fill gaps in the market; - To support VCSE organisations in the Borough to thrive, in accordance with good practice and in compliance with legal and financial requirements; - To manage our performance and financial position effectively; - Attainment of Trusted Charity Status in 2021/22. An updated Business Plan was agreed in March 2022 for the current financial year. ## **Volunteers** All Catalyst Trustees are volunteers. In addition, Catalyst was working with 60-70 volunteers in 2021-22, each deployed for several hours each week, on duties which included: - Taking phone calls in the Community Hub; - Collecting shopping and prescriptions for households who were shielding due to COVID; - Spreading messages about healthy lifestyles, especially relating to COVID. - Mentoring young people in schools - Supporting vulnerable people to engage in social activities ## **Performance Management** A new Performance Management was implemented in 2021, enabling each member of staff to have a set of performance objectives, a training and development plan, and regular review meetings with their manager, at which 360 degree feedback is provided. Expected performance outputs and outcomes are set in the annual business plan, and each officer's objectives are derived from the organisational objectives in the Business Plan. Page 1 ## **Catalyst Stockton-On-Tees Limited (Registered number: 04016295)** ## **Report of the Trustees** ## **for the Year Ended 31 March 2022** ## **Public Benefit Statement** As the VCSE infrastructure organisation for Stockton-on-Tees our existence is predicated on the belief that a strong and sustainable voluntary, community and social enterprise sector has significant, positive impact on the lives of people who live, visit and work in the borough. The business of Catalyst is to ensure that other agencies have the necessary support and resources to support and improve the lives of people across the borough, especially those living in significant need and under the pressures caused by economic deprivation. Catalyst is monitored by the VCSE sector through a Council of Interest to ensure it continues to serve in this capacity in addition to requirements of funders and other external partners. ## **Achievements and Performance** - 1 Representation: Catalyst represents the VCSE sector in Stockton at the Health and Well Being Board, Safer Stockton Partnership, Adult Care Partnership, Children's Services Partnership, and at Tees Valley level on the Tees Adult Safeguarding Board and the Combined Authority's Education, Employment and Skills Board and ESIF Committee. Further representation at Tees Valley level will develop in 2022/23; - 2 Engagement: That representation is made meaningful because Catalyst takes advice from the sector at ten different VCSE thematic forums that it coordinates on behalf of the sector. The Forums also provide opportunities for colleagues to develop joint-projects, funding bids, and to engage with commissioners and others on strategic matters. Catalyst also engages daily with the sector on social media, and produces a weekly e-bulletin with a mailing list of over 1000 people in Stockton; - 3 Support: Catalyst supports the sector through a comprehensive programme of training, and also supports colleagues to identify funding sources for the work that they do, or plan to do. Catalyst also offers support around governance for VCSE partners. A specific area of support is for groups working with refugees and asylum seekers, for whom the above support is customised to their needs; - 4 Volunteering: This has become a mainstream activity for Catalyst, Catalyst has engaged some 60-70 volunteer, on duties which included taking phone calls in the Community Hub, collecting shopping and prescriptions for households, spreading messages about healthy lifestyles, mentoring young people in schools, and working with vulnerable or isolated people; - 5 Specific services: Catalyst also operated a number of specific services in 2021/22 including Holiday Activities Programmes, working with partners to provide activities and food for school age children during holiday periods, and a Community Health Ambassador programme whereby volunteers worked with local communities to convey messages around healthy lifestyles. In 2021/22 Catalyst also ran a project to extend digital inclusion. In 2021/22 Catalyst received and disbursed significant funding to partners in the sector, including for holiday activities programmes, and to enhance individuals' mental health. Page 2 ## **Catalyst Stockton-On-Tees Limited (Registered number: 04016295)** ## **Report of the Trustees** ## **for the Year Ended 31 March 2022** ## **FINANCIAL REVIEW** The year end results show an unrestricted net income of £44,819. The amount held in unrestricted reserves at the year end has increased to £373,205 from £328,902 in 2021. Catalyst is focusing on cost savings, increased income, and sound management of the organisation's finances. Catalyst's policy is to have at least the equivalent of three month's expenditure in free reserves, with an ambition to carry at least £120,000 in free reserves. The Board will keep this under review. Currently unrestricted reserves are £369,892 of which free reserves are £125,602. Fixed assets are £247,454 and programme related investments are £149. Restricted reserves at the year end amounted to £184,748 (2021: £128,503). ## **RISKS** A risk register is discussed and updated each year by the Board of Catalyst. The main risks to the future of the organisation both in terms of running smoothly and developing into the future are: - Political change locally: although the core support for the organisation is through the local authority the risk to Catalyst of political change would be mitigated by the good relationships generated across all parties; - Failure to monitor financial performance adequately. The CEO and Catalyst Board receives management accounts reports every two months. In April 2022 Catalyst contracted with Lyons Accountants to produce monthly management accounts, and to advise; - Loss of respect as VCSE strategic lead from Public Sector partners. The CEO has developed strong working relationships with partners; - Inability to provide quality support services to VCSE clients. Catalyst is committed to delivering quality infrastructure services to the satisfaction of colleagues in all sectors, to mitigate this risk. ## **Principal Funding Sources** The main themes for all sources of funding as represented in the accounts are:- - Core Funding: grants paid from public bodies (local authority), charitable trusts, and from income from rent for rooms at Catalyst House. Catalyst is sustainable and able to act efficiently as the VCSE infrastructure body for Stockton-On-Tees which is its core charitable purpose. In addition, Catalyst routinely charges at 15% management fee for projects, and this contributes to funding core costs; - Project income: fees derived from delivering projects commissioned by a range of bodies, to enhance the VCSE sector and strengthen relationships with public sector partners both key parts of the charitable objectives of Catalyst; - Rent, room hire & services to tenants: derives income that can be used to offer enhanced services and support for the VCSE sector such as purchasing fundraising resources and hiring specific expertise to support the VCSE. ## **Investment Policy** Catalyst asks that all funds are used within ethical investments of medium or low risk - these are reviewed annually with the Board. Page 3 ## **Catalyst Stockton-On-Tees Limited (Registered number: 04016295)** ## **Report of the Trustees for the Year Ended 31 March 2022** ## **PLANS FOR FUTURE PERIODS Current & Future Developments** Catalyst will continue to deliver a range of services, grouped into four categories: ## Community Projects and services - Representation: a core function of Catalyst is to represent the sector in dialogue with colleagues in other sectors. Catalyst is the VCSE representative on the Health and Well Being Board, Community Safety Partnership, and a number of other multi-agency partnerships; - Forums: a range of thematic groups, where VCSOs meet to discuss matters of mutual interest. Typically, these groups can identify needs, develop projects to meet those needs, and provide briefing to the Catalyst colleague who represents the sector at relevant committees and Boards; - Grantfinder: Catalyst's subscription to Grantfinder enables us to work with VCSE partners to help identify funding that can help and support them; - Governance support: Catalyst advises colleagues in the sector on all issues relating to their Governance, from constitutional issues, to Trustee recruitment; - Conference and Awards: Catalyst's annual conference is attended by several hundred people from across the sector, and is a chance to hear about recent developments, plan for the future, and is a great networking opportunity; it is also where the annual Catalyst Achievement Awards are made to colleagues in the sector; - Bulletin: Every week Catalyst sends an e-bulletin to the sector, which contains news and information that's relevant to them, including the availability of new sources of funding; - Bidding for funding: Catalyst can act as the lead body on applications for funding from partnerships of VCSE organisations in Stockton; once the funding has been secured, Catalyst acts as the managing agent, and is an interface between delivery partners and the funder. ## Training and Market Development Subject to annual agreement from the commissioner, Stockton on Tees Borough Council, this programme will operate for the next three years and into the future. - Training programme: Catalyst is funded by the Local Authority to provide training opportunities to the sector. The programme runs to an academic year timetable, and each course is delivered by skilled and experienced trainers. Wherever possible the courses are delivered at no cost to the organisations taking part and organisations working or based in Stockton-On-Tees have access to a Professional Development Bursary of £750 per member of staff. - Market development programme: linked to the Training Programme, above, Catalyst works with Commissioners and VCSE partners to identify gaps in the provision of VCSE services in Stockton. The aim is to enable Commissioners to contract with local organisations to deliver services wherever possible, and Catalyst uses the training programme, grantfinder and governance support to enable organisations to reach a position where they can deliver additional services to fill gaps. ## Volunteering Volunteering Strategy: Catalyst coordinated and developed a new volunteering strategy for Stockton, which was launched in June 2021. The Strategy includes the following aims: - Increase the number of people committing to volunteering from all communities; - Promote good practice in volunteering and volunteer management; - Develop a model of flexible volunteering, including corporate volunteering, for use across the Borough; - Ensure organisations across all sectors know how volunteering could work for and benefit them; - Champion volunteers, recognising and celebrating the social and economic impact they have on the Borough. The Strategy is delivered through a multi-agency Volunteer Coordinators Forum, which liaises closely with Stockton Council's Community Engagement Team. Catalyst also delivers a number of volunteering programmes including: - delivering food and prescription services to isolated members of the community; - mentoring for young people in schools; - support to vulnerable and isolated people to undertake social activities; - messages around healthy lifestyles. Catalyst also has a list of volunteers, through the Good Neighbours programme, who are available to take on a range of tasks and roles for the community. Page 4 ## **Catalyst Stockton-On-Tees Limited (Registered number: 04016295)** ## **Report of the Trustees** ## **for the Year Ended 31 March 2022** ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** Catalyst has a traditional structure for a small charity: Board - has governance and strategic responsibility Chief Executive - has executive responsibility to run operations and is the Company Secretary. Senior Management Team of two people, responsible for Strategic Programmes and for Volunteering. ## **Governing document** The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. ## **Trustee Recruitment** Trustees are recruited in order to ensure that the skills needed on the Board are present. These are identified using a skills and experience matrix which was refreshed in February 2022. There is an open application process which anyone can use to apply to be a Trustee. The Board reserve the right to accept or reject an application based on: - Whether there is an obvious vacancy; - Skills and experience of the person applying being needed on the Board; - Availability and commitment of the person applying. ## **REFERENCE AND ADMINISTRATIVE DETAILS** ## **Registered Company number** 04016295 (England and Wales) **Registered Charity number** 1083231 ## **Registered office** Catalyst House 27 Yarm Road Stockton-On-Tees Cleveland TS18 3NJ ## **Trustees** G D Naidoo Chair L Cooke C D Marshall Dr H D Dudiak Dr M Fearn V Wilkinson (appointed 29.11.21) A Carlton (appointed 29.11.21) N Stephenson (appointed 26.5.22) O S Mack (resigned 24.5.21) S I Nelson (resigned 26.5.22) The directors of the charitable company are its trustees for the purposes of charity law. **Company Secretary** J Carling ## **Auditors** Anderson Barrowcliff LLP Statutory Auditors Chartered Accountants 3 Kingfisher Court Bowesfield Park Stockton on Tees TS18 3EX Page 5 **Catalyst Stockton-On-Tees Limited (Registered number: 04016295)** ## **Report of the Trustees** ## **for the Year Ended 31 March 2022** ## **REFERENCE AND ADMINISTRATIVE DETAILS Chief Executive** Jon Carling ## **STATEMENT OF TRUSTEES' RESPONSIBILITIES** The trustees (who are also the directors of Catalyst Stockton-On-Tees Limited for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) including Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to: - select suitable accounting policies and then apply them consistently; - observe the methods and principles in the Charity SORP; - make judgements and estimates that are reasonable and prudent; - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. In so far as the trustees are aware: - there is no relevant audit information of which the charitable company's auditors are unaware; and - the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information. ## **AUDITORS** The auditors, Anderson Barrowcliff LLP, will be proposed for re-appointment at the forthcoming Annual General Meeting. This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. Approved by order of the board of trustees on ............................................. and signed on its behalf by: ........................................................................ G D Naidoo - Trustee Page 6 ## **Report of the Independent Auditors to the Members of Catalyst Stockton-On-Tees Limited** ## **Opinion** We have audited the financial statements of Catalyst Stockton-On-Tees Limited (the 'charitable company') for the year ended 31 March 2022 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. In our opinion the financial statements: - give a true and fair view of the state of the charitable company's affairs as at 31 March 2022 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended; - have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'; and - have been prepared in accordance with the requirements of the Companies Act 2006. ## **Basis for opinion** We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. ## **Conclusions relating to going concern** In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report. ## **Other information** The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. ## **Opinions on other matters prescribed by the Companies Act 2006** In our opinion, based on the work undertaken in the course of the audit: - the information given in the Report of the Trustees for the financial year for which the financial statements are prepared is consistent with the financial statements; and - the Report of the Trustees has been prepared in accordance with applicable legal requirements. Page 7 ## **Report of the Independent Auditors to the Members of Catalyst Stockton-On-Tees Limited** ## **Matters on which we are required to report by exception** In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees. We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion: - adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us; or - the financial statements are not in agreement with the accounting records and returns; or - certain disclosures of trustees' remuneration specified by law are not made; or - we have not received all the information and explanations we require for our audit; or - the trustees were not entitled to take advantage of the small companies exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Trustees. ## **Responsibilities of trustees** As explained more fully in the Statement of Trustees' Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so. ## **Our responsibilities for the audit of the financial statements** Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below. Based on our understanding of the charity, we have considered applicable laws and regulations which may be fundamental to the charity's ability to operate or to avoid a material penalty, and we considered the extent to which non-compliance might have a material effect on the financial statements. We considered management's incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls), and determined that the principal risks were related to the posting of inappropriate manual journal entries to manipulate financial performance, management bias in significant accounting estimates and any significant one-off or unusual transactions. We discussed among the audit engagement team the opportunities and incentives that may exist within the organisation for fraud and how and where fraud might occur in the financial statements. Page 8 ## **Report of the Independent Auditors to the Members of Catalyst Stockton-On-Tees Limited** ## **Auditors' responsibilities for the audit of the financial statements (continued)** Audit procedures performed by the engagement team included: - Enquiry of management and those charged with governance around actual and potential litigation and claims. - Enquiry of entity staff in tax and compliance functions to identify any instances of non-compliance with laws and regulations. - Reviewing minutes of meetings of those charged with governance. - Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations. - Auditing the risk of management override of controls, including through testing journal entries and other adjustments for appropriateness, and evaluating the business rationale of significant transactions outside the normal course of business. - Challenging estimates and judgements made by management in their significant accounting estimates. - Revenue recognition; agreeing a sample of revenue transactions to gain assurance over the occurrence and accuracy of revenue and also to ensure revenue has been recognised in the correct period. Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. The risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors. The comparative figures were not audited for the year ended 31 March 2021. ## **Use of our report** This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed. David Robertson FCA (Senior Statutory Auditor) for and on behalf of Anderson Barrowcliff LLP Statutory Auditors Chartered Accountants 3 Kingfisher Court Bowesfield Park Stockton on Tees TS18 3EX Date: ............................................. Page 9 ## **Catalyst Stockton-On-Tees Limited** ## **Statement of Financial Activities (Incorporating an Income and Expenditure Account) for the Year Ended 31 March 2022** **----- Start of picture text -----**
2022 2021
Unrestricted Restricted Total Total
funds funds funds funds
Notes £ £ £ £
INCOME AND ENDOWMENTS FROM
Donations and legacies 3 114,635 - 114,635 181,066
Charitable activities 6
Community Projects 77,622 1,065,974 1,143,596 299,319
Training and development 26,667 - 26,667 19,499
Core and organisational management 6,105 - 6,105 -
Volunteering Management 1,000 112,964 113,964 32,935
Other trading activities 4 28,897 - 28,897 26,212
Investment income 5 674 - 674 2,190
Total 255,600 1,178,938 1,434,538 561,221
EXPENDITURE ON
Raising funds 7 7,222 - 7,222 9,389
Charitable activities 8
Community Projects - 1,022,772 1,022,772 287,036
Training and development 23,035 - 23,035 19,500
Core and organisational management 180,524 - 180,524 200,389
Volunteering Management - 100,437 100,437 32,936
Total 210,781 1,123,209 1,333,990 549,250
NET INCOME 44,819 55,729 100,548 11,971
Transfers between funds 19 (516) 516 - -
Net movement in funds 44,303 56,245 100,548 11,971
RECONCILIATION OF FUNDS
Total funds brought forward 328,902 128,503 457,405 445,434
TOTAL FUNDS CARRIED FORWARD 373,205 184,748 557,953 457,405
**----- End of picture text -----**
The notes form part of these financial statements Page 10 ## **Catalyst Stockton-On-Tees Limited (Registered number: 04016295)** ## **Balance Sheet 31 March 2022** **----- Start of picture text -----**
2022 2021
Unrestricted Restricted Total Total
funds funds funds funds
Notes £ £ £ £
FIXED ASSETS
Tangible assets 15 247,454 - 247,454 250,632
Social investments 16 149 - 149 149
247,603 - 247,603 250,781
CURRENT ASSETS
Debtors 17 42,670 395,387 438,057 294,816
Cash at bank and in hand 127,651 208,311 335,962 348,109
170,321 603,698 774,019 642,925
CREDITORS
Amounts falling due within one year 18 (44,719) (418,950) (463,669) (436,301)
NET CURRENT ASSETS 125,602 184,748 310,350 206,624
TOTAL ASSETS LESS CURRENT
LIABILITIES 373,205 184,748 557,953 457,405
NET ASSETS 373,205 184,748 557,953 457,405
FUNDS 19
Unrestricted funds 373,205 328,902
Restricted funds 184,748 128,503
TOTAL FUNDS 557,953 457,405
**----- End of picture text -----**
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. The financial statements were approved by the Board of Trustees and authorised for issue on .................................................. and were signed on its behalf by: ............................................. G D Naidoo - Trustee The notes form part of these financial statements Page 11 ## **Catalyst Stockton-On-Tees Limited** ## **Cash Flow Statement for the Year Ended 31 March 2022** **----- Start of picture text -----**
2022 2021
Notes £ £
Cash flows from operating activities
Cash generated from operations 22 (13,258) 44,301
Bank charges 437 (1,388)
Net cash (used in)/provided by operating activities (12,821) 42,913
Cash flows from investing activities
Purchase of social investments - (8)
Interest received 674 2,182
Dividends received - 8
Net cash (used in)/provided by investing activities 674 2,182
Change in cash and cash equivalents in
the reporting period (12,147) 45,095
Cash and cash equivalents at the
beginning of the reporting period 348,109 303,014
Cash and cash equivalents at the end of 23
the reporting period 335,962 348,109
**----- End of picture text -----**
The notes form part of these financial statements Page 12 **Notes to the Financial Statements for the Year Ended 31 March 2022** ## **Catalyst Stockton-On-Tees Limited** ## **1. STATUTORY INFORMATION** Catalyst Stockton On Tees Limited is a private charitable company, limited by guarantee, registered in England and Wales. The company's registered number and registered office address can be found in the Trustees' Report. The financial statements are presented in sterling which is the functional currency of the charitable company and rounded to the nearest £. The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. ## **2. ACCOUNTING POLICIES** ## **Basis of preparing the financial statements** The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: 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) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. The financial statements are prepared on a going concern basis under the historical cost convention, with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to the accounts. The trustees consider that there are no material uncertainties about the charitable company's ability to continue as a going concern. ## **Income** All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. Income from grants, whether 'capital' grants or 'revenue grants', is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred. Room hire and printing income is recognised in the period the income relates to. Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank. The Charity received government grants in respect of the Coronavirus Job Retention Scheme. These grants are recognised at the fair value of the asset received or receivable when there is a reasonable assurance that the Charity will comply with the conditions attached to them. The grants were recognised using the accrual model. ## **Expenditure** Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings, they have been allocated to activities on a basis consistent with the use of resources. ## **Allocation and apportionment of costs** Support costs have been allocated between governance cost and other support costs. Governance costs comprise all costs involving the public accountability of the charity and its compliance with regulation and good practice. These costs include costs related to statutory audit and legal fees together with an apportionment of overhead and support costs. The notes form part of these financial statements Page 13 ## **Catalyst Stockton-On-Tees Limited** ## **Notes to the Financial Statements - continued** **for the Year Ended 31 March 2022** ## **2. ACCOUNTING POLICIES - continued** ## **Allocation and apportionment of costs** Governance costs and supports costs relating to charitable activities have been apportioned based on an estimate of staff time spent on that activity. The allocation of support and governance costs is analysed in note 10. ## **Tangible fixed assets** Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Freehold property - not provided Plant and machinery - 33% on reducing balance Tangible fixed assets are stated at cost or deemed cost less accumulated depreciation and accumulated impairment losses. Freehold property is measured on a fair value basis at each reporting date with changes in fair value recognised in the Statement of Financial Activities. ## **Social investments** Social investments are included in the balance sheet at market value. ## **Taxation** The charity is exempt from corporation tax on its charitable activities. ## **Fund accounting** Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. ## **Pension costs and other post-retirement benefits** The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. ## **Debtors and creditors receivable / payable within one year** Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure. ## **Cash at bank and in hand** Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of one year or less from the date of acquisition or opening of the deposit or similar account. ## **Financial instruments** The charitable company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value. The notes form part of these financial statements Page 14 ## **Catalyst Stockton-On-Tees Limited** ## **Notes to the Financial Statements - continued for the Year Ended 31 March 2022** ## **3. DONATIONS AND LEGACIES** **----- Start of picture text -----**
2022 2021
Unrestricted Restricted Total Total
funds funds funds funds
£ £ £ £
Donations - - - 10,541
Grants 97,000 - 97,000 157,000
Kickstart Scheme 17,071 - 17,071 -
Coronavirus Job Retention Scheme (CJRS) 564 - 564 13,525
114,635 - 114,635 181,066
Grants received, included in the above, are as follows:
2022 2021
£ £
Stockton Borough Council 97,000 97,000
National Lottery Community Fund - 40,000
Garfield Weston Foundation - 20,000
97,000 157,000
4. OTHER TRADING ACTIVITIES
2022 2021
Unrestricted Restricted Total Total
funds funds funds funds
£ £ £ £
Room hire, printing etc 28,897 - 28,897 26,212
5. INVESTMENT INCOME
2022 2021
Unrestricted Restricted Total Total
funds funds funds funds
£ £ £ £
Other fixed asset invest - FII - - - 8
Bank account interest 674 - 674 2,182
674 - 674 2,190
**----- End of picture text -----**
Page 15 ## **Catalyst Stockton-On-Tees Limited** ## **Notes to the Financial Statements - continued** ## **for the Year Ended 31 March 2022** ## **6. INCOME FROM CHARITABLE ACTIVITIES** **----- Start of picture text -----**
2022 2021
Activity £ £
Grants Community Projects 317,221 87,448
Project income Community Projects 748,751 175,448
Management income Community Projects 77,624 36,423
Project income Training and development 26,667 19,499
Grants Core and organisational management 6,105 -
Grants Volunteering Management 70,491 4,533
Project income Volunteering Management 43,473 28,402
1,290,332 351,753
Grants received, included in the above, are as follows:
2022 2021
£ £
Stockton Borough Council 92,679 -
Big Local 27,702 15,749
Tees Valley Community Foundation 1,000 -
County Durham Community Foundation 1,500 9,257
National Emergencies Trust - 18,227
Teesside University 3,227 3,500
National Lottery Community Fund 70,257 26,000
NHS Tees Valley CCG 197,452 19,248
393,817 91,981
7. RAISING FUNDS
Other trading activities
2022 2021
Unrestricted Restricted Total Total
funds funds funds funds
£ £ £ £
Staff costs 3,693 - 3,693 3,648
Insurance 701 - 701 1,224
Premises costs 2,294 - 2,294 3,120
Office Costs 534 - 534 1,397
7,222 - 7,222 9,389
**----- End of picture text -----**
Page 16 ## **Catalyst Stockton-On-Tees Limited** ## **Notes to the Financial Statements - continued** ## **for the Year Ended 31 March 2022** |**8.**
**CHARITABLE ACTIVITIES COSTS**
Community Projects
Training and development
Core and organisational management
Volunteering Management
**9.**
**DIRECT COSTS OF CHARITABLE ACTIVITIES**
Staff costs
Insurance
Telephone
Staff training
Office costs
Publicity, advertising & event
Other project costs
Sub contracted work
Staff travel
Subscriptions
**10.**
**SUPPORT COSTS**
Core and organisational management
Support costs, included in the above, are as follows:
**Management**
Wages
Social security
Pensions
Insurance
Telephone
Premises costs
Office costs
Staff travel
Subscriptions
Carried forward|Direct
Costs (see
note 9)
£
**1,022,772**
**23,035**
**6,571**
**100,437 **
**1,152,815**
Management
£
**145,461 **|Support
costs (see
note 10)
£
**-**
**-**
**173,953**
**-**
**173,953**
**2022**
**£**
**230,454**
**266**
**1,209**
**5,418**
**1,362**
**3,506**
**73,340**
**836,208**
**1,052**
**-**
**1,152,815**
Governance
costs
£
**28,492 **
**2022**
Core and
organisational
management
**£**
**73,254**
**19,526**
**9,251**
**2,308**
**3,958**
**12,548**
**19,330**
**69**
**2,476**
**142,720**|Totals
£
**1,022,772**
**23,035**
**180,524**
**100,437 **
**1,326,768**
2021
£
155,201
343
633
7,310
2,657
1,582
25,139
146,236
184
300
339,585
Totals
£
**173,953**
2021
Total
activities
£
83,772
15,452
17,528
661
3,877
3,707
26,142
154
5,058
156,351| |---|---|---|---| ||||| ||||| ||||| Page 17 ## **Catalyst Stockton-On-Tees Limited** ## **Notes to the Financial Statements - continued** ## **for the Year Ended 31 March 2022** ## **10. SUPPORT COSTS - continued** **Management - continued** **----- Start of picture text -----**
2022 2021
Core and
organisational Total
management activities
£ £
Brought forward 142,720 156,351
Depreciation of tangible assets 3,178 4,744
Bank charges (437) 1,388
145,461 162,483
Governance costs
2022 2021
Core and
organisational Total
management activities
£ £
Wages 18,297 18,978
Social security 1,493 1,558
Pensions 599 826
Auditors' remuneration 7,250 -
Accountancy and legal fees 853 16,431
28,492 37,793
11. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
2022 2021
£ £
Auditors' remuneration 7,250 -
Depreciation - owned assets 3,178 4,745
Independent examiner's fees - 6,000
Independent examiner other fees - 4,200
**----- End of picture text -----**
## **12. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 31 March 2022 nor for the year ended 31 March 2021. ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 31 March 2022 nor for the year ended 31 March 2021. Page 18 ## **Catalyst Stockton-On-Tees Limited** ## **Notes to the Financial Statements - continued** ## **for the Year Ended 31 March 2022** ## **13. STAFF COSTS** |Wages and salaries
Social security costs
Other pension costs|**2022**
**£**
**325,697**
**21,019**
**9,850**
**356,566**|2021
£
261,599
17,010
18,354| |---|---|---| |||296,963| Included within wages and salaries is redundancy and termination payments amounting to £Nil (2021: £12,337) relating to voluntary redundancy and negotiated termination payments. The total amount of employee benefits received by key management personnel is £42,108 (2021 - £37,137). The Charity considers its key management personnel to comprise of the Chief Executive. The average monthly number of employees during the year was as follows: |Office staff
No employees received emoluments in excess of £60,000.
**14.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
Unrestricted
**YEAR ENDED 31 MARCH 2021**
funds
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
134,738
**Charitable activities**
Community Projects
36,423
Training and development
19,499
Volunteering Management
-
Other trading activities
26,212
Investment income
2,190
**Total**
219,062
**EXPENDITURE ON**
Raising funds
9,389
**Charitable activities**
Community Projects
-
Training and development
19,500
Core and organisational management
160,387
Volunteering Management
-
**Total**
189,276
**NET INCOME/(EXPENDITURE)**
29,786
**Transfers between funds**
16,016|**2022**
**18**
Restricted
funds
£
46,328
262,896
-
32,935
-
-
342,159
-
287,036
-
40,002
32,936
359,974
(17,815)
(16,016)|2021
11
Total
funds
£
181,066
299,319
19,499
32,935
26,212
2,190
561,221
9,389
287,036
19,500
200,389
32,936
549,250
11,971
-| |---|---|---| Page 19 ## **Catalyst Stockton-On-Tees Limited** ## **Notes to the Financial Statements - continued** ## **for the Year Ended 31 March 2022** ## **14. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued** **----- Start of picture text -----**
||||| |---|---|---|---| |Unrestricted|Restricted|Total| |funds|funds|funds| |£|£|£| |Net movement in funds|45,802|(33,831)|11,971| |RECONCILIATION OF FUNDS| |Total funds brought forward|283,100|162,334|445,434| |TOTAL FUNDS CARRIED FORWARD|328,902|128,503|457,405| |15.|TANGIBLE FIXED ASSETS| |Freehold|Plant and| |property|machinery|Totals| |£|£|£| |COST| |At 1 April 2021 and 31 March 2022|241,000|184,279|425,279| |DEPRECIATION| |At 1 April 2021|-|174,647|174,647| |Charge for year|-|3,178|3,178| |At 31 March 2022|-|177,825|177,825| |NET BOOK VALUE| |At 31 March 2022|241,000|6,454|247,454| |At 31 March 2021|241,000|9,632|250,632| |The Charitable company had the freehold property revalued by Joe Fraser Chartered Surveyors in October 2017.| |The trustees believe the valuation still accurately reflects its fair value at 31 March 2022.| |Cost or valuation at 31 March 2022 is represented by:| |Freehold|Plant and| |Property|machinery|Total| |£|£|£| |Valuation 2014|(11,668)|-|(11,668)| |Valuation 2018|(1,000)|-|(1,000)| |Cost|253,668|184,279|437,947| |241,000|184,279|425,279| **----- End of picture text -----**
The Charitable company had the freehold property revalued by Joe Fraser Chartered Surveyors in October 2017. The trustees believe the valuation still accurately reflects its fair value at 31 March 2022. If the Freehold property had not been revalued it would have been included at the following historical cost at the date of valuation: **£** Cost **253,668** Aggregate depreciation **185,673** Page 20 ## **Catalyst Stockton-On-Tees Limited** ## **Notes to the Financial Statements - continued for the Year Ended 31 March 2022** ## **16. SOCIAL INVESTMENTS** **----- Start of picture text -----**
Programme
related
investments
equity
£
MARKET VALUE
At 1 April 2021 and 31 March 2022 149
NET BOOK VALUE
At 31 March 2022 149
At 31 March 2021 149
17. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£ £
Trade debtors 401,845 262,770
Prepayments and accrued income 36,212 32,046
438,057 294,816
18. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£ £
Trade creditors 4,961 28,139
Social security and other taxes 6,038 5,940
Other creditors 21,081 1,591
Accruals and deferred income 431,589 400,631
463,669 436,301
**----- End of picture text -----**
Deferred income amounting to £414,614 (2021: £384,835) included within accruals and deferred income, comprises funding received in advance and for funding for projects over a specific period which overlaps the year end. Page 21 ## **Catalyst Stockton-On-Tees Limited** ## **Notes to the Financial Statements - continued** ## **for the Year Ended 31 March 2022** ## **19. MOVEMENT IN FUNDS** **----- Start of picture text -----**
Net Transfers
movement between At
At 1.4.21 in funds funds 31.3.22
£ £ £ £
Unrestricted funds
General fund 155,897 44,819 (516) 200,200
Revaluation Reserve 173,005 - - 173,005
328,902 44,819 (516) 373,205
Restricted funds
TVCF 5 - (5) -
Big Local Trust 53,452 (32,209) - 21,243
Jill Franklin Trust 2,150 - - 2,150
Community Health Ambassadors - 3 (3) -
0-19 Workforce Development 48,385 (3,471) - 44,914
Care Home Navigator 4,696 (4,744) 48 -
Refugees & Asylum Seekers 14,069 (4,623) 4,200 13,646
Our Voice Our Rights 5,746 - - 5,746
Community Hub - 2,103 - 2,103
Volunteer Manager - 10,850 - 10,850
School Impact Officer - 22,598 - 22,598
Food Parcels - 200 (200) -
Adult Care Pathfinder - (424) 424 -
NHS Resilience Fund - 15,169 - 15,169
Food Power Network - 10,331 - 10,331
BAME Covid Fund - (252) 252 -
Catalyst House Renovations - 13,565 - 13,565
Mind the GAP - 4,200 (4,200) -
RAS Mapping and Scoring - 19,500 - 19,500
Palcall - 2,933 - 2,933
128,503 55,729 516 184,748
TOTAL FUNDS 457,405 100,548 - 557,953
**----- End of picture text -----**
Page 22 ## **Catalyst Stockton-On-Tees Limited** ## **Notes to the Financial Statements - continued** ## **for the Year Ended 31 March 2022** ## **19. MOVEMENT IN FUNDS - continued** Net movement in funds, included in the above are as follows: **----- Start of picture text -----**
Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 255,600 (210,781) 44,819
Restricted funds
Big Local Trust 27,702 (59,911) (32,209)
Community Health Ambassadors 16,752 (16,749) 3
0-19 Workforce Development - (3,471) (3,471)
Care Home Navigator - (4,744) (4,744)
VONNE Safeguarding Project 13,487 (13,487) -
Holiday Enrichment 126,364 (126,364) -
Refugees & Asylum Seekers 25,833 (30,456) (4,623)
Community Hub 34,642 (32,539) 2,103
Volunteer Manager 48,322 (37,472) 10,850
School Impact Officer 72,679 (50,081) 22,598
Tackling Inequalities Fund 3,227 (3,227) -
Food Parcels - 200 200
Digital Inclusion 13,085 (13,085) -
Adult Care Pathfinder 30,000 (30,424) (424)
NHS Resilience Fund 150,700 (135,531) 15,169
Food Power Network 23,625 (13,294) 10,331
BAME Covid Fund 20,000 (20,252) (252)
Holiday Activities and Food 526,171 (526,171) -
Catalyst House Renovations 16,036 (2,471) 13,565
Mind the GAP 4,380 (180) 4,200
Arqiva Bilsdale Recovery Fund 1,500 (1,500) -
RAS Mapping and Scoring 21,500 (2,000) 19,500
Palcall 2,933 - 2,933
1,178,938 (1,123,209) 55,729
TOTAL FUNDS 1,434,538 (1,333,990) 100,548
**----- End of picture text -----**
Page 23 ## **Catalyst Stockton-On-Tees Limited** ## **Notes to the Financial Statements - continued** ## **for the Year Ended 31 March 2022** ## **19. MOVEMENT IN FUNDS - continued** **Comparatives for movement in funds** **----- Start of picture text -----**
Net Transfers
movement between At
At 1.4.20 in funds funds 31.3.21
£ £ £ £
Unrestricted funds
General fund 110,095 29,786 16,016 155,897
Revaluation Reserve 173,005 - - 173,005
283,100 29,786 16,016 328,902
Restricted funds
TVCF 5 - - 5
Training & Marketing Development 17,629 - (17,629) -
Big Local Trust 76,266 (22,814) - 53,452
Jill Franklin Trust 2,150 - - 2,150
0-19 Workforce Development 58,074 (9,689) - 48,385
Care Home Navigator 1,807 2,889 - 4,696
Holiday Enrichment 167 (167) - -
Refugees & Asylum Seekers 490 13,579 - 14,069
Our Voice Our Rights 5,746 - - 5,746
Finding me - (112) 112 -
Digital Inclusion - (1,501) 1,501 -
162,334 (17,815) (16,016) 128,503
TOTAL FUNDS 445,434 11,971 - 457,405
**----- End of picture text -----**
Page 24 ## **Catalyst Stockton-On-Tees Limited** ## **Notes to the Financial Statements - continued** ## **for the Year Ended 31 March 2022** ## **19. MOVEMENT IN FUNDS - continued** Comparative net movement in funds, included in the above are as follows: **----- Start of picture text -----**
Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 219,062 (189,276) 29,786
Restricted funds
Big Local Trust 15,750 (38,564) (22,814)
Community Health Ambassadors 19,248 (19,248) -
0-19 Workforce Development - (9,689) (9,689)
Care Home Navigator 24,815 (21,926) 2,889
VONNE Safeguarding Project 11,345 (11,345) -
Holiday Enrichment 94,332 (94,499) (167)
Refugees & Asylum Seekers 38,605 (25,026) 13,579
Community Hub 13,233 (13,233) -
Volunteer Manager 19,704 (19,704) -
School Impact Officer 166 (166) -
Keeping People Connected 6,185 (6,185) -
National Emergencies Trust 18,227 (18,227) -
Tackling Inequalities Fund 3,500 (3,500) -
Food Parcels 19,825 (19,825) -
Finding me 12,501 (12,613) (112)
Digital Inclusion 4,723 (6,224) (1,501)
National Lottery Core Funding 40,000 (40,000) -
342,159 (359,974) (17,815)
TOTAL FUNDS 561,221 (549,250) 11,971
**----- End of picture text -----**
## **Transfers between funds** Transfers from restricted funds to unrestricted funds are amounts to reclassify expenditure or amounts agreed with the respective funders to reclassify the balances to unrestricted funds. Transfers from unrestricted funds to restricted funds are transfers to cover an overspend on the restricted fund. ## **20. EMPLOYEE BENEFIT OBLIGATIONS** The charity operates a contributory defined contribution pension scheme for all employees. The charge for the year amounted to £9,850 (2021: £18,354). The amount outstanding at 31 March 2022 was £1,745 (2021: £1,592). Page 25 ## **Catalyst Stockton-On-Tees Limited** ## **Notes to the Financial Statements - continued** ## **for the Year Ended 31 March 2022** ## **21. RELATED PARTY DISCLOSURES** Information about related party transactions and outstanding balances is outlined below: ||**Outstanding**| |---|---| |Stockton Borough Council - Trustee S Nelson is a Council|**Income**
**Expenditure**
**balances**
**£**
**£**
**£**| |member and of Stockton Borough Council|| |**At 31 March 2022**|**1,008,500**
**21,222**
**280,867**| |At 31 March 2021|284,633
5,923
105,718| |Eastern Ravens Trust - Trustee L Cooke is a Trustee of
Eastern Ravens Trust
**At 31 March 2022**
**-**
**22,598**
**(700)**
At 31 March 2021
-
17,706
(2,793)
Teesside University – Trustee Dr H D Dudiak is an employee of Teesside University.
**At 31 March 2022**

**500.00**
**-**
**-**
At 31 March 2021
-
-
-|| Outstanding balances due to/(from) the charity are unsecured and the nature of the consideration to be provided in settlement is under normal commercial terms. |**22.**|**RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM**|**RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM**|**OPERATING ACTIVITIES**|**OPERATING ACTIVITIES**| |---|---|---|---|---| ||||**2022**|2021| ||||**£**|£| ||**Net income for the reporting period (as per the Statement of Financial**
**Activities)**||**100,548**|11,971| ||**Adjustments for:**
Depreciation charges||**3,178**|4,744| ||Interest received||**(674)**|(2,182)| ||Bank charges||**(437)**|1,388| ||Dividends received||**-**|(8)| ||Increase in debtors||**(143,241)**|(193,469)| ||Increase in creditors||**27,368**|221,857| ||**Net cash (used in)/provided by operations**||**(13,258) **|44,301| |**23.**|**ANALYSIS OF CHANGES IN NET FUNDS**|At 1.4.21|Cash flow|**At 31.3.22**| |||£|£|**£**| ||**Net cash**
Cash at bank and in hand|**348,109**|**(12,147)**|**335,962 **| |||**348,109**|**(12,147)**|**335,962 **| ||**Total**|**348,109**|**(12,147)**|**335,962 **| Page 26