Charty Registration No. 1084817 Company Registration No. 3852249 (England and Wales) FUTURE REGENERATION OF GRANGETOWN ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS For the year ended 30 September 2022
FUTURE REGENERATION OF GRANGEfowN LEGAL & ADMINISTRATIVE INFORMATION Trustees MrA Pearson MrJ L Murgatroyd Mr R N Grant Mrs A McGee Miss S Wilkinson Charity number 1084817 Company number 3852249 Registered office The Grangetown United Community Hub Derwentwater Road Grangetown Middlesbrough TS6 7PY Independent examiner Draycott & Kirk LLP 92 Westgate Guisborough TS14 6AP Bankers HSBC 60 Albert Road Middlesbrough Tsi IRS
FUTURE REGENERATION OF GRANGEfowN CONTENTS Trustee5' report page3to8 Independent examinerfs report page 9 Statement of financial artNlties page 10 Balance sheet page 11 Notes to the financial statements page 12 to 22
FUTURE REGENERATION OF GRANGEfowN TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 3 SEPTEMBER 2022 The trustees. who are also the direttors of Future Regeneration of Grangetown for the purpose of company law, are responsible for preparing the Trustees. Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standard5 (United Kingdom Generally Accepted Accounting Practice). 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 charity and of the incoming resource5 and application of resources. including the income and expendtture. of the charitable company for that year. In preparing these financial statements. the trustees are required to- select suitable accounting policies and then appty them consistentty- observe the methods and principles in the Chorities SORP- make judgements and estimates that are reasonable and prudent- state whether applicable UK Accounting Standards have been followed. subjett to any material departures disclosed and explained in the financial statements: and prepare the financial statements on the 80ing concern basis unles5 it is inappropriate to presume that the charity will tontinue in operation. The trustees are responsible for keeping adequate accounting records that disclose wtth reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2(K16. They are alw responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detettion of frdud and other irregularities.
FUTURE REGENERATION OF GRANGEfowN TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 3 SEPTEMBER 2022 The trustees present their report and financial statements for the year ended 30th September 2022. The accounts have been prepared in accordance with the accounting policies set out in note I to the accounts and compFy with the charity'5 governing document, the Companies Act 2006 and "Accounting and Reporting by Charities- Statement of Recommended Practice applicable to chartties preparing their actounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" las amended for accounting periods commencing from l January 2016). Objectives and activities The charitys objects are to support any charitsble purpose for the benefit of the economically and socially disadvantaged are known as Grangetown. The policies adopted in furtherantr of these objects include: the advancement of education- the promotion of good citizenship- the elimination of unfair discrimination on the grounds of race or sex". the encouragement of equal opportunities- and the promotion of any other charitable purpose which will develop the capacity and skills of the inhabitants of Grangetown in such a way that they are better able to identify and help meet their own needs and to participate more fully in society. There has been no change in these during the year. The trustees have paid due regard to the Charity Commission's guidance on public benefit in deciding what activities the charity should undertake.
FUTURE REGENERATION OF GRANGEfowN TRU5TEES' REPORT FOR THE YEAR ENDED 3 SEPTEMBER 2022 Achievements and performance It has been another busy and exciting year for FROG. We cannot underestimate the impact our services and activities make to people's lives. We would like to take this Opportunity to thank all our partners, funders. our board of trustees, volunteers, and dedicated staff. without you, none of this would be possible. We continue to deliver lots of events and activtties throughout the year including craft sessions, bingo, Easter/Halloween/Christmas parties and attwities. dance competitions. and celebratory events like weddings and christenings. Space has been provided for 3 more covid booster sessions through Dr Lone's Surgery and we have supported 3 new community groups with advice, access to fundin& and free space. A primary focus over the past year has been to provide extra support to address the impart of the cost-of- living crisis. The 'Next Stop Shop, continues to be a vital support to those who need help with low0St food and other Items, such as clothing. It is open 2 days a week, and as the cost-of-living crisis deepens and imparts on more people's lives. we have seen the numbers relyire on the shop grow, with up to l(Kl people a week now visiting the shop. In partnership with Public Health, FROG organised a cost-of-living event attended by 44 people from local schools, community groups. public and private sector. FROG hosted the first event in October 2022, and together with Public Health, we have set up a Health and Wellbeing Group where we can all share ideaslresources and identvfy gaps in services then look at what fundin8 is available. The first meeting was well attended by 16 partners. Advice Llnk Worker Commun Last year. our FROG Community Advice Link Worker sUPPOrted 340 people and put £48500 back into people's pockets. By accessin8 charitable grant5. the CALW has purchased many household items for families in need such as cookers, washing machines, carpets. fridges, freezers. and beds. We have provided emergency food parcels and fuel vouchers and have also helped support people struggling to stsy warm by providing wami home pack5, hot water bottles, quilts and bed socks. The project has created stronger links with other local bodies including schools. health visitors, Qrers Together, MIND and GP prartices. The FROG Community Advice Worker was also nominated by a social prescriber for the positive impact the project is having on patients referred from GP surgeries. Cornmtsn Builder One of our successful, ongoing projects is the Community Builder p05t. We have been successful in securing fundin8 to supwrt early discharge of patients from Roseberry Park Mental Health Hospital. FROG Community Builder visits homes before the patient 15 discharged from hospitsl and ensures their home is safe for them to return to. To date we have improved 45 patienvs homes by cleanin& de-clutterin& decoratin& and carryrnB OLIt small repair work.
FUTURE REGENERATION OF GRANGEfowN TRUSTEES. REPORT FOR THE YEAR EIVDED SEPTEMBER 2022 Gran etown Boxi aub After opening the doors to the Grangetown Amateur Boxing Club in February 2022. the club now has 60 members of all ages, both male and female. The club now has 7 dedicated volunteer boxing coaches who provide sessions for children and young people aged from 6yrs upwards. The club is making a real difference to the children and young people in terms of self-confidence. fftness, supporting each other. teamwork, and improved behaviour at both school and at home. 5 of the coaches are now qualified level I, and 2 are level 2. All have completed first aid and safeguarding courses and are DBS checked. The club has passed all thecks to become officially affiliated to England Boxing Association. FROG Commun Trans ort FROG Community Transport Service provtdes support to patients who need to get to and from hospital and 'Home to School, runs for children wtth special needs. The contracts with NEAS and Redcar and Cleveland Council help create some su5tsinability within FROG as well as support 8 local job5. The seNice has been ongoing now for some years and we hope to continue this for years to come. FROG Commun Shed This is one of our new projects. Through grant funding, we have purchased and transfonned a 40ft container into a community space for people to leam new skills, meet and make new friends, support the local community, and improve mental health. The project will recycle and upcycle furntture, and build planters and benches that can be used to Improve the local environment or be sold to contribute towards funds that will help continue delivery of the project. The project has already attracted interest from Age Concern Dementia Group, MIND, Changing Futures and Leaving Care Team, the Women's Health and Wellbeing Group. as well as residents. The next sta8e is to work with residents, alongside a community artist, to design artwork on the outside of the container. Lookln to the future Key to the sustainabilrty of FROG will be to ensure the Community Enterprise Manager and the Finance Manager can increase trading and rental actNity to fully utilise our assets. FROG has already developed strong links with Tees Esk Wear Valley Foundation Trust. Our contract with NEAS has been ongoing since 2CK)8 and is one of our main sources of income and local job creation. We have also rented space again in the main hall for fitness sessions to be held there 3 nights a week. The Community Enterprise Manager has secured fundingfor business sUPPOrt from LARCH- LARCH we awarded funding to support social enterprises with inttial ideas or growth plans based in Hartlepool and Redcar. Funding will look at how we extend or reconfigure the Hub, as well as improving branding and marketing of the main events room, upstairs units and the play area.
FUTURE REGENERATION OF GRANGEfowN TRUSTEES, REPORT FOR THE YEAR ENDED 3 SEPTEMBER 2022 Financial review The results for the year and the charlS final position at the end of the year are shown in the attached financial statemer¢ts. It is the policy of the charity that unrestricted funds. which have not been designated for a specific use, should be maintained at a level equivalent to between three and six month5 expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding. they will be able to continue the charity's current activities while considerdtion is given to ways in whith additional funds may be raised. This level of resee5 has been mainLiined throughout the year. The trustees recognise the importance of maintainin8 resee5 to set against unforeseen circumstances and, at present. the board considers an appropriate level to be £l50,Ix. The trustees recognise their resFKJnsibilities in respect of potential payments for items such as redundancies and other legislatNe requirements and will allocate and apply reserves as necessary to meet such obligation5. Of the total unrestricted reserves at the year-end of £1,708.845, £1,661.561 is represented by capital items gtving free reseThes of £47,284. The trustees have assessed the major risks to which the chartty is exposed and are satisfied that systems are in place to mitigate exposure to the major risks. The trustees recognise the importance of this function and have put in place all the relevant policies. Budgets and forecasts are prepared on a regular basis, and these are regularly reviewed and measured against perfomiance to minimise exposure to risk and allow tight control over expenditure. The organisation has recently reviewed its insurance risks. public and employee liability. and has adjusted the level of cover as appropriate. Any expenses paid to volunteers would merely be reimbursement of sum5 expended by them. The assets of the tharity include properties. vehicles. small machinery and office equipment, which are held by the charity to provide frdcilities to enable it to make and implement plans in the furtherance of its objectives. The charity, which is substantialty dependent on grants, is increasing its levels of earned income and is embracing the principles of social enterprise. The trustees believe this approach will continue to help create long temi sustainability- The trustees would once again like to express their thanks to our partners, funders, our Board of Trustees, our volunteers, and our staff, as without all their help and support, FROG could not continue to provide the much-needed activities and services to the residents of Grangetown and the Surrounding areas. We also thank the local community for supporting the events and activities at The Hub so helping to sustain FROG'S lon8-tem) future in the community it is here for.
FUTURE REGENERATION OF GRANGETOWN TRUSTEES. REPORT FOR THE YEAR ENDED 30th SEPTEMBER 2022 Structure. governance, and management The charity was incorporated on l Ortober 1999. as a company limited by guarantee, to promote the Future Regeneration of GranEetown. The company took over the work of the Futu RegeneratIn of Gran8etown on l April 2CI)O. The trustees, who ère also the dIrecrS for the purpose of company law, and who Served during the year and up to the date of signature of the financial statements were- MrA Pearson Mrj L Murgatroyd Mr R N Grant Mrs A McGee Mlss S Wilkinson Trustees are recruFted through an exetutive committee which comprise5 representatives from tocal community groups who are affiliated to FROG. Each community group can send one repSentatiVe onto the committee and can also send two members to vote in the AGM. None of the trustees has any beneficial interest in the company. All the trustee5 are member5 of the company and guarantee to contribute £1 in the event of a winding up. The number of trustees shall not be less than three but shall not be subjert to any maximum number. The trustees, powers are governed by the Articles of Association and financial contro15 qUIre the si8nature of at least two trustees on any cheque or legally bindinE document in the execution of their duties. Trustees. meetings are held. and resolutions are passed by the majority vote. In the case of an equallty of votes. the thairman has a second castin8 Vote. Such resolutions passed are binding on all the trustees if the meeting is duty convened and attended by a quorum of one third of their number or two trustees. whichever is the greater. Minutes of the tru5teeg meetings and true records of financial attNities are requlred to be kept by the Articles of Association. The trustees have power to invest any income or capital of the charlty. and to raise loans. in fUrtranCe of the objects of the charity. The trustees, report was approved by the Board ofTwstees. Mr A Pearson Trus Dated.. MrRNGrnnt Trustee Dated:
FUTURE REGENERATION OFGRANGETOWN INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF FUTURE REGENERATION OF GRANGETOWN We report on the accounts of the company for the year ended 30th September 2022 which are set out on pages 10 to 22. Respective responslbllltles of trustees and examiner The charity's trustees, who are a150 the director5 of Future Regeneration of Grangetown for the purposes of company law, are responsible for the preparation of the financial statements. The trustees consider that an audit is not required for this year under settion 144121 of the Charities Act 2011 Ithe 2011 Artl and that an independent examination is needed. The Charity's gross income exceeded £250,000 and we are qualified to undertake the examination by being a qualified member of the Institute of Chartered Certified Accountants. Having satisfied ourselves that the Charity is not subject to audit vnder company law and 15 eligible for independent examination, it is our responsibility to: examine the accounts under section 145 of the 2011 Art: to follow the procedures laid down in the general Directions given by the Charity Commission under section 1451Sllbl of the 2011 Act.. and to state whether particular matters have come to my attention. Bas of independent exarninerfs report Our examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the atcounting records kept by the charity and a Comparison of the financial statements presented with those records. It also indudes consideration of any unusual items or disclosures in the financial statements and seeking explanation5 from you a5 trustees concerning any Such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given a5 to whether the accounts present a 'true and fair view,, and the report is limited to those matters set otrt in the next statement. Independènt examinerfs statement In connection with our examination, no matter has come to our attention= lal which gives us reasonable cause to belteve that in any materi31 respert the requirements.. to keep accoLtnting records in accordance with seclion 386 of the Companies Act 2006,. and to prepare financial Statements which accord with the actounting record5. comply with the accounting requirements of sertion 396 of the Companie5 Art 2006 and with the methods and principles of the St3tement of Recommended Practice- Accounting and Reporting by Charities have not been met,. or to which, in our opinion. attention should be drawn in order to enable a proper understanding of the financial statements to be reached. C Ma50n FCCA Draycott & Kirk LLP 92 Westgate Guisborough TS14 6AP Dated.. 6/1/24
FUTURE REGENERATION OF GRANGEfowN STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR EIVDED 30th SEPTEMBER 2022 Total Total funds 2022 funds 2022 2022 2021 Income from: Donations and legacies Chzriiable activitle5 Other income 1,030 586,743 25,862 254.213 5354 195.223 449.436 5354 Total in¢ort 259.567 195223 454,790 613.635 endItU on: Charitate attwities 1319.4581 1174.9701 1494.428 1446,0501 Net lout¥oinBllin¢oml resources before transfe 159.8911 20.253 139,6381 167,585 Gross transfers between funds 44.665 144.6651 Netincomellexpendr£ure} forthe vearl Net m<wernent in funds 1152261 124,4121 139.6381 167.585 Fund balances at 1st Ottober 2021 1.724.071 139P77 IA63.148 1.695563 Fund bafances at 30th SeptembÈr2022 1.708.845 114.665 1%23,510 1,863,148 The statement of financial actlvities includes all gains and losse5 recognised in the year. All income and expenditure derive from continuing actrvities. The statement of financial artivities also complies with the requlrements for an income and expenditure account under the Companies Att 21JJ6. io
FUTURE REGENERATION OF GRANGEfowN BALANCE SHEEr ASA T3tyh SEPTEMBER 2022 2021 Flxed atsets Tangible assets 1.668.476 1,647.(X)O Current assèts Debtors io 114.612 145232 C85h at bank and in hand 120.051 183?20 Credltorn.. arnounts falltn8 due wlthln orte year 259.844 303.971 (755601 146.0741 Net current assets 184284 257.897 Total a55ets less cfftnt Ilabililles 1,852.760 1.904,897 CrÈditors'. amounts fantng duè after more than one year 1292501 141.7501 Net assets 1.823510 1,863.147 Incomefunds Re5trltted fvnds Unrestriaed fu De5igll&ed funds General unre5trKted funds 14 114.665 14 139.077 1.488.352 220.493 1.443,686 280.384 I.70845 1.724,070 1.823510 1.863,147 The company is entftled to the exemption frorn audit requiTernent¢ortsined In settKpn 477 of the Cornpanies Act 2(, forthe yearended 30th September 2022. The trustees Ckwledge thetr reswnsSbiltties frJT ertsuringthatthe char6ty keeps acccNJnting records whKh ¢omply wlth section 386 of the Act and for preparing hnarfial ttèternents which gNe a true and fair viewof the State of affairy of the company a5 at the end of the fSnancial yearand of tt5 IOmIng resources and applicatitin ol resour5. including its irwme and eXpendr(, for financial year in accordance with the requirements ofsectro 394 and 395 and whKh otherwise compty th TequIrnets Oft Companies Act 20D6 relating to financial ststernÈnts. So faras applicable to the tompany. The Members have rK)t required the companyto obtain an audttof rtSfInaial ststemems fortheirar in question In accordance with section 476. These financkll statements have been ppared ITr a¢c0vda whthe provisK)ns applicable to cOMn*S subj.ect to the small companies, regime. The financfjal statements We approved iw thTrte$on Mr A Pearson" Trustee Company Registratlon No. 3852249 Mr R N Grant Tru li
FUTURE REGENERATION OF GRANGEfowN NOTES TO THE FINANCIAL STATEMElItS- FOR THE YEAR ENDED 301HsEPTEMBER 2022 l. Accounting policies Charity inforrnatlon Future Regeneration of Grangetown is a private company limited by guarantee incorp)rated in England and Wales. The registered office is The Grangetown United Communty Hub. Derwentwater Road. Grangetown. Middlesbrough. TS6 7PY. Accounting convention The account5 have been ppared in accordance with the charitys governing document, the Companies Act 2006 and 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance wtth the Financial Reporting Stsndard applicable in the UK and Republic of Ireland IFRS 1021" las amended for accounting periods commencing from l January 20161. The charity is a Public Benefit Entity as defined by FRSIO2. The charFty has taken advantage of the provisions in the SORP for charities applyin8 FRS 102 Update Bulletin I not to prepare a Statement of Cash Flow5. The financial statements are prepared in stedin& which is the funttional currency of the charity- Monetsry amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared underthe histortsl cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The prinupal accounting policies adopted are set out below. Golng concem At the time of approving the financial ststements, the trustees have a reasonable expertation that the charity has adequate resour5 to continue in operational existence for the foreseeable future. Thus, the trustees continue to adopt the going conrn basis of accounting in preparing the financial statements. Charitsble funds Unrestricted fvnds a available for use at the discretion of the trustees in fvrtheran of their charitable objectives unless the fund5 have been designated for other purposes. Restrirted funds are subject to specrfic conditions by donors as to how tlw may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. 12
FUTURE REGENERATION OF GRANGEfowN NOTES TO THE FINANaAL sfATEMENTS- FOR THE YEAR ENDED 30- SEPTEMBER 2022 l. Accounting policies Income Income is recognised when the chartty is le8alty entitled to it after any perfomiantr conditions have been mer, the amounts can be measured reliabty. and it is probable that the income will be received. Cash donations are reco8nised on receipt. otr donations are reco8nr5ed once the charity has been rntified of the donation unless FerformarKe Conditn5 requi deferral of the amount. Any income tax recoverable in relath?n to donations reNed uThJer Gift Aid or deeds of covenant is recognised at the time of the donation. Grants 1vable are shown gross and are recognised in the SOFA to the extent that they relate to the period up to the year end. Where funding has been given for a period that spans the year end. the amount that relates to the folk)wing perH)d i% defrrred and carried foard. Expenditure All expenditure is accounted for on an acmjals basis and has been classified under the headings that aggregate all costs related to the category. Where costs canrtot be dirertly attrFbuted to particular headings, they have been allocated to artrvities on a basis consistent with use of the resources. Tangible flxed assets Tangible fixed assets are initialty measured at cost and subsequentty measured at cost or valuation. net of depreciation and any impaimient losses Depretiatron is recogni5ed so as to write off the c05t orvaluation of assets 55 their residual values over their useful lives on the following bases: Freehold land and buildings Furniture and equipment Fixtures and fitting5 Computers Motor vehicles 50 years straight line 4 year5 Straight line 4 years straight line 4 years straight line 4 years straight line The gain or loss arising on the disposal of an asset is determined a5 the difference between the sale proceeds and the carrying value of the asset and is reco8nised in the net incomellexpenditurel for the year. 13
FUTURE REGENERATION OF GRANGEfowN NOTES TO THE FINANCIAL STATEMENTS- FOR THE YEAR ENDED 30nisEPTEMBER 2022 l. Accounting policies Impalmient of red assets At each reporting end date, the charity reviews the carying amounts of its tangible fixed assets to determine whether there is any indication that tse assets have suffered an impaimient loss. any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impaimient loss lrfanyl. Cash and cash equi¥alents Cash and cash equivalents include cash in hand. deposits ld at call viith banks, other short-temi liquid investments wtth original maturtties of three month5 or less. and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. FInala1 instruments The charty has elected to apply the provisions of SettKin 11 'Basic Financial Instruments, and Sertion 12 'Otr financial instruments Issueg of FRS 102 to all of its financial instruments. Financial instruments are recognised in chaTiVs balance sheet when the charity becomes partv to the contractual provisions of the instrument. Financial assets and liabiltties are oftseL with the net amounts presented in the financial statements. when there is a legally enforceable right to set off the recognised amounts and there is an intention to settie on a bases or to realtse the asset and settle the liabilrty simultaneously. kwaslcfinonual assets Basic financial assets. which include debtors and cash aNI bank balances, are initially measured at transaction price including tranSaCtn costs and are subsequently carried èt amortised c05t using the effectNe interest method unless the arrangement constrtutes a financi transaction, whe the transaction is measured at the present value of the fvture receipts discounted at a market rate of inte$t. Financial assets dassified as recerlabte within one year are not amortised. 14
FUTURE REGENERATION OF GRANGEfowN NOTES TO THE FINANCIAL STATEMENTS- FOR THE YEAR ENDED 307H SEPTEMBER 2022 l. Accounting policies 8osicfinanciallia&lities Basic financial liabilities, includir7g credrtors and bank roans are initialty recognised at transaction price unless the arrangement constit(rte5 a financing tranSaCtn. where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payab within one year are not amortised. Debt instruments are subsequently carried at aMorted cost. using the effective interest rate method. Trade creditors are obligations to pay forgoods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are ciassified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabiltties. Trade creditors are recognised initialty at transaction price and subsequentty measured at amortised cost using the effective interest mettbjd. Derecognitlon oAfinundalliathlities Financial liabilities are derecognised when the charitys contractual obligations expire orare discharged or (ancelled. Employee benefits The cost of any unused hol*Jay entttlement is recognised in the perK)d in whith the empfoyee's services are receNed. Tennination benefits are recognised immediatety as an expense rtn the charity is demonstrably committed to tem7inate the employment of an empbyee or to provide termination benefits. Rettrement benefits Payments to defined contributi(Jn retirement benefft sthemes are charged as an expense as thev fall due. 2. Critical accounting estimates and judgements In the application of the tharivs accounting policies. the trustees are required to make judgements, estimates and assumption5 aut the carrying amount of asset5 and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and undedying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision afferts only that period, or in the perio(l of the revision and future periods where the revision affects both current and future period& 15
FUTURE REGENERATION OF GRANGEfowN NOTES TO THE FINANCIAL STATEMENTS- FOR THE YEAR ENDED 30-SEpfEMBER 2022 3. Income from charitable activities Total Totsl funds 2022 funds 2022 2021 CaterinL bar and funetioTrs Community Tran5POn Grants Rental Income 4814 48A14 218.296 155,681 26.645 218.296 35.917 14,ry34 211.825 335,248 25,576 119.764 26.645 254.213 195,223 449.436 586,743 Forthe yearendÈd 30th September2021 Unrestricted funds- general Restricted funds 459,921 126.822 586.743 Grants Big Lottery Redcar and Cleveland BC Steel Appeal Sporr England Billingharn Bong Durham County Communty Foundation TVCF 34.374 7,050 13875 88,062 3.000 3.520 950 8.977 60,080 45595 Greggs Foundation Sirius Minerals Foundation Mural funding Mercers Charilable Foundation Co-op Virgin Money Foundation NHS Community & Fund Impetus Trust Beyond Housin8 Birrnlngham City Counol 250 4.500 ILKJ 14.400.00 5.295.00 31,621 io.000.00 30,000.00 65,000.00 30,JOO.00 27,500.00 5.000.00 1.680.00 155.681 335.248 16
FUTURE REGENERATION OF GRANGEfowN NOTES TO THE FINANCIAL STATEMENTS- FOR THE YEAR ENDED 30 SEPTEMBER 2022 4. Other income Totsl Total funds 2022 funds 2022 2022 2021 HMRCJob Retention Scheme Insurance claim ram raid Fundraise & Rwcle 25062 5.3(KJ 54 5,3LhJ 5.354 5.354 25,862 5. Expenditure on charltable activities Tot•1 Totsl fund5 fuTrds 2021 Grants pald Staff t05ts CateTin& bar anrl function Costs Accountancy, legal and professional fee5 Materials, sm&ll eqvipmentand events U£ences and subscriwKJns Repairs. maIntenarand secur Transport COS15 Insurance 233.754 40.199 18A95 273,953 18.895 9.579 13,683 861 12,610 58,203 5.868 26,051 1,727 2.178 4,548 905 233,132 7.575 25,942 14.088 930 7.236 58,522 6,433 15,775 962 9579 10.792 2891 37 58203 12573 s68 26.051 190 Printin& Postage, 5tstionery and advertSsln8 Computer and IT tosts Telephone and interrt Other costs Financing cost5 HSre purchase Tnterest Depreciation arKI impairmerrt L055 on disposal of vehKle 1.537 2,178 io 2,879 4,556 2,179 1,457 4538 293 1.489 1,782 2.170 57.415 59.585 62,364 2.020 319.458 Forthe year ended 30th September2021 Unrestricted furH- general Restritted fund5 174.970 494.428 446,050 335,974 110.076 446,050 17
FUTURE REGENERATION OF GRANGEfowN NOTES TO THE FINANCIAL STATEMENTS- FOR THE YEAR ENDED 3tP SEPTEMBER 2022 6. Trustees None of the trustees (or any persons connetted with them) received any remuneration or benefits from the charty duringthe year. 7. Employees Number of employees The average monthly number of employee durin8 the year was= 2022 No 2021 No Management and administration Charitable activlties io 12 li Employment costs 2022 No 236.027 14.774 16.492 6.660 2021 No 209.858 6.365 15.832 1.077 Wages and salarles Social securrty costs Other pension costs Other payroll related costs 273,953 233.132 There are rko employees who r1ved total wnployee benefits of more than £60000. 8. Penslon funding Employees of this organisation may participate in the Teesside Pension Fund, port of the local Government Pension Scheme. a defined benefit statutory scheme. The fund is administered by Middlesbrough Borough Council in accordance with the Local Govemment Pension Scheme Regulations 1997 a5 amended. The board have taken the view that the cost of an actuarial report identifying the underlying a55ets, liabilities and performance specific to this organisation are disproportionate to the benefits and any disclosures are not likely to be material. Employees are also offered to join the NEST pension scheme. Pension costs have therefore been accounted for as if it were a defined contribution scheme. 18
FUTURE REGENERATION OF GRANGEfowN NOTES TO THE FINANCIAL sfATEMENTS- FOR THE YEAR ENDED 30~SEPTEMBER 2022 Tangible fixed assets Freeho&l nd& Motor ¥¢hk5 ulpment Compulrs Total Cost At 1st O£totser2021 AddlOnS Dtsposs 1.711.842 13 26282 39) 57,471 158 2338 30.228 IW28,761 81J)Sl At 30th SèptembÈr2022 1.792J55 26.672 57,629 293B 30.228 1gClJ.822 DeprecWMJn afft¥ Al 1$tOber 2021 LYsp05s tP1£datIon ctrAr¥ed IntheyeAr 97287 16548 40.747 IN59 25.720 181.761 35A47 193 1169 59,585 At 31hSeptembw2022 133.134 23216 55.155 1.952 279 241,346 C•Thykne amouht At 30thSeptember 2022 1,659.221 3,456 2A74 2,339 1.668N76 At 30thSeptember2021 1.614555 9.734 1.479 I,647A)NJ 10. Debtors Amounts faNing du• wthln oneyear. Tra(Je debtors Other debtors Prepayrnents and attrued income 21)22 2021 99.290 84,572 8,012 27,467 15.322 114.612 120,051 19
FUTURE REGENERATION OF GRANGETOWN NOTES TO THE FINANCIAL STATEMEpifs - FOR ThIE YEAR ENDED 30~SEPTEMBER 2022 11. Loans and overdrafts 2021 Other loans 51,119 S9,662 Payable w6thin l yeaT Payable after oneyear 21,869 29,250 17.912 41,75D Amounts Induded above vthich fall dueafterfve yea. Payable by installrnents The long term loans are unsecured. An unsecured loan of £50000 was receNed on 8.4.2019 from thectrop FoUall0rL The loan is repayablefrom 15.5.2021. 45 a ptyrTrent lItty of l year wa5 yantsd. Thls was extended by a lurtheryearfollowln8thecoronovirus outbreak. A sum of £IIOOO is repayable tn year l and £130LKI pa for thefoll¢)wiry¥ years. The loan must be repaid in full by 15.4.2025. No interest 15 dve on the loan. A sum of £IOOOO (plus a £250 admin feel was reced on 21.52019 frcm Molson £(x)rs Breth Company IUKI timited. rhls the be'earned out, over B 3 year period W"nnin8 20.5.2019 by a'minimum Volume Agreement.. Due to the Coronavirus Outbreak. the'earn out. period has been extended. No interest due on the loan_ 12. Creditors: amounts falling due within one year Amountsfallinz due TJlthtn onèyear 8orrwngs Trade credY£or5 Other creditors Attruals and deterred income 2022 2021 21A69 27,926 14.222 11.543 17.912 19,153 4.779 4.230 75.560 46.074 13. Creditors: amounts falling due after more than one year Amounishlllng due after more than on• year Borrowin 2021 29,250 41.750 29.250 41,750 20
FUTURE REGENERATION OF GRANGETOWN NOTES TO THE FINANCIAL STATEMEKfs- FOR THE YEAR ENDED 30THsEPTEMBER 2022 14. Movement of funds Restricted lurlds The incomÈfunds oftt charity indude restrthd luTrJs urded of(knnati0Th5 and grants hdd on trust for $pedr purrM)ses= lrteomkn8 Re50UYtts Transfe LtyZI BaL7nteat 30.92Z Total Grant Holdin8 Heahh. Wealth & HappirS Gran8etoYm Uni(ed H Bon$ Club 742.(kl 1207.fy) 136.128.(KJ 742A)O 34.374I 75,4591XI 8539J 129,186ml IL41,521.th)1 14.263LK)I 7.395AM) 106528 36,462 181.127.(M)I 139.077. 195,223fyJ 174.970.OCII I44.665.) 114.665.(KJ Grant Hddlng Is rnoniE5 retyved to teused th)tyon 5fi small Grangew United Hub is de5rribed fvIt in theTrugts Rewrt. Health, Weath & Hapwnw 454uThlin8 recved trom B4Lotttry. fjs fultydesufw btheTru5tees Rewrt Llnrestrkted fun¢i% The unre5tritted incornèfundsofthech*ty indudethefollwn8dwatèJ fimds whffh havetryefi set aSHJeout of nrestrkted funds by theTrusrees for 5ptyift purposes.. BaLin¢eat LIO.21 Incoming resourr¥ Res•vrce5 e¥pended Translers Mance at 30.9.22 Totsi General fuDd5 GTLJ- Capital Asset Fund 2W385 IA43.686 259567 1319A581 220N94 1.488251 44.665 1.>24J)71 259567 1319,4581 44fj65 1,708.845 21
FUTURE REGENERATION OF GRANGEfowN NOTES TO THE FINANCIAL STATEMETr¥fs- FOR THE YEAR ENDED 30711 SEPTEMBER 2022 15. Analysis of net assets between fvnds Totsl funds 2022 lunds 2022 2022 Fund balantes at 30th Septembèr1022 are represented by.. Tangible assets Current assets/lliabilitiesl Long tsrrn liabilities 1,660.207 77888 29250 8.269 106,396 1.668.476 184,284 29.250 I,70845 114,665 1,823,510 Restrkted funds 2021 Totsl funds 2021 2021 Fund balances at30th S¢ptsmber2021 are repSented by: Tangible assets Current assètsllllabilitiesl Long term liabilities 1.619.063 146.757 141,7501 27,937 111.140 1.647,000 257,897 141.7501 1.724.070 139,077 1,863,147 17. Related part transactions There were no dclO$able lated party transartions dUrIthe yeai12021- rTre1 Remuneration of kty management peysonnel The remuneratioft of key managemert perwnnèl is as folkjws. 2022 20Zi regate conyrtsation 29.423 29,718 22