## **ST CHAD’S COMMUNITY PROJECT**
**(A company limited by guarantee)**
**REPORT AND FINANCIAL STATEMENTS For the year ended 31 March 2022**
**Charity Number 1085793 Company number 04136595**
## **ST CHAD’S COMMUNITY PROJECT (A company limited by guarantee)**
**Trustees’ Report For the Year Ended 31 March 2022**
The Trustees, who are also directors of the charitable company for the purposes of company law, submit their annual report and the financial statements of St Chad’s Community Project (the charitable company) for the year ended 31 March 2022.
The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, and the 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).
## **OBJECTIVES AND ACTIVITIES**
## **Policy and objectives**
The charity’s objects are:
1. To promote any charitable purpose for the benefit of the inhabitants of the Ecclesiastical Parish of Bensham and the Teams in the Deanery of Gateshead in the Diocese of Durham and the surrounding areas without distinction of sex, politics or religion in particular by association of Diocesan authorities, local authorities, voluntary organisations and inhabitants in a common effort to advance education and to provide facilities in the interest of social welfare for the recreation and leisure time occupations with the object of improving the conditions of life for the said inhabitants;
2. To establish community project centres and to maintain and manage such centres or to co-operate with any local or statutory authority in the maintenance and management of such centres for activities provided by the charity.
The charities principle activity remains in the area of childcare and family support. We aim to offer a holistic approach to family life, offering care, support and opportunities for personal and social development.
Our aims fully reflect the purpose that the charity was set up to further. We have referred to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing our aims and objectives and in planning our future activities. In particular, the Trustees have considered how planned activities will contribute to the aims and objectives they have set.
All our charitable activities focus on the area of childcare and family support and are undertaken to further our charitable activities and for the public benefit.
The charity is managed by the board of directors which meets bi-monthly and which delegates the day to day running to the Chief Officer and senior staff. The board maintains responsibility for the strategic direction of the charity and for its funding and financial management. There is an AGM and one other members meeting each year.
1
**ST CHAD’S COMMUNITY PROJECT (A company limited by guarantee)**
**Trustees’ Report For the Year Ended 31 March 2022**
## **REVIEW OF ACTIVITIES**
Between March 2021 and March 2022, St Chads Community Project fully reopened following the pandemic restrictions. Both our Hub and Outreach services became busy again with children, young people, and families from in and around the Bensham area.
We continued our role as a primary community hub, helping residents recover from the COVID10 pandemic. We maintained our collaboration with Gateshead Council’s Shielding Hubs as they referred individuals for support and families to our Family Support Service. We distributed food to families, increasing from 20 parcels a month to 60 parcels. We provided advice information and guidance to parents, especially on children and young people’s. Times were tough for both parents and their children so keeping everyone safe during difficult circumstances was a priority. We promoted drop in sessions for COVID-19 booster vaccines.
## **Working together**
The pandemic revealed the importance of our collaboration with other organisations. St Chads Community Project benefits local people by hosting organisations that bring advice and support closer to people. We provide 7 workstations for use by non-profit or private business use. We were delighted to welcome Youth Focus North East as a new tenant. They complement other tenants from Gateshead Council’s Neighbourhood Management Team, and Side by Side Arts expanded their tenancy to fully occupy our Wellbeing Centre on Dunsmuir Grove. We continue to being the Local Trusted Organisation for Gateshead’s Big Local. We hosted Gentle Circuit Classes in partnership with Gateshead Older Peoples Assembly.
Together with Gateshead Council, we joined four other community hubs in Gateshead to develop locality working and share learning. The other hubs are located throughout Gateshead and comprise Birtley Community Partnership, Chopwell Community Association, Dunston Family Church, St Chads Community Project and The Winlaton Centre. The project is funded by the National Lottery Community Fund and Gateshead Council. This initiative develops the capacity and capability of each hub. We started weekly coffee and cake drop in sessions for people to meet other advice services. These include Citizens Advice Gateshead, job-searching support and other officers from Gateshead Council.
## **Childcare Service**
Demand for childcare grew over the year. We improved facilities such as our new sensory room which opened in April 2021. It is used by all childcare activities and family support groups.
## _After School Club_
Our club runs throughout the year, both term time and school holidays. We have 122 children registered, aged 3 to 14. The year featured trips to Chopwell Woods and Saltwell Park. Our Holiday programme delivers activities such as Science Experiments, Arts & Crafts, Baking, Gardening and Messy Play. A new After School Art Club was ran with funding from BBC Children In Need. During the Christmas period, we visited festive window displays and ran craft and baking sessions. There was a childcare fee increase of 5% in May 2021.
2
## **ST CHAD’S COMMUNITY PROJECT (A company limited by guarantee)**
**Trustees’ Report For the Year Ended 31 March 2022**
## _Nursery_
Although on standby for keyworkers with children, our nursery fully reopened in September 2021. We have 15 places for children ages 2 to 4. This year featured trips to Bill Quay Farm, Saltwell Park and many different activities to assist with the children’s learning in key development areas.
## **Family Support Service**
The pandemic had a disproportionate impact on vulnerable families. It led to some families seeking help from charities for the first time. We have a range of activities and services under the umbrella of Family Support. In total, 420 families were supported. We ran a successful ‘Caring for Children’ course in partnership with Gateshead Council Learning and Skills. 30 children regularly participate in our Parent and Toddler Group. This runs two days during term time, featuring activities such as Messy Play, arts & crafts, toys, sensory room, reading areas, a Halloween Party; all with refreshments available. We ran adult Only Craft Sessions attended by 10 people. We ran a successful appeal for the rising demand for baby items, Moses baskets, prams and cots, and larger size nappies. We identified a need to bring women together for mutual support. We secured funding free of charge Yoga sessions (funded by RISE North East) and a weekly Women’s Social Group. Both activities were hugely helpful for women’s physical and mental health and wellbeing.
With funding from Gateshead Council, we were able to deliver a package of activities including
- Summer holidays activities programme #BrightenTheDay (Easter, summer and Christmas holidays) programme. The Cook and Eat sessions provided recipe cards to make five meals a week.
- Help for families with food (Emergency Food store)
- Extra funding for the Parent and Toddler Group
We held a number of appeals to help families in need of a little help at festive periods. Thanks to the generosity of local people and organisations, we were able to distribute:
- 300 Shoeboxes for adults and children (packed with love including toiletries, hats, gloves, small toys, chocolate)
- 80 Christmas Hampers (seasonal foods, crackers etc.)
## **Our Shops**
Our retail is getting stronger. Our Community Thrift Shop newly opened on 1 April 2021. It used to be a pop-up shop before relocating to premises on Coatsworth Road. It is open four days a week from 9:30 to 2:30pm. It offers a range of low cost adult and children’s clothes, school uniforms, accessories, jewellery, toys, bric-a-brac, towels, curtains, unwanted gifts. 50 families on voucher support. Our Pop up Food Shop is based at our Hub on Liddle Terrace. Its open 1 day a week and encourages people to grab a bargain and help prevent food waste. People pay what they can. It’s regularly used by 30 families. We are continuing supply of our Emergency Food Cupboard, providing essential supplies to people in great need.
3
**ST CHAD’S COMMUNITY PROJECT (A company limited by guarantee)**
**Trustees’ Report For the Year Ended 31 March 2022**
## **English Speakers of Other Languages (ESOL)**
Our provision of language learning is vital in helping people integrate with the local community and find work. 50 people attended courses throughout the year, most are refugees & asylum seekers. Courses range from informal social sessions, to formal courses for beginners to advance. Trips to community amenities, such as Gateshead Libraries, help people strengthen use of their language skills.
## **Fundraising and In-kind Support**
All our work was achieved, thanks to our team, partners and supporters. We thank our volunteers, staff, individual and institutional supporters – all were fantastic in what has been a very testing period. We also thank our funders for the year: Gateshead Council, the Community Foundation Serving Tyne & Wear and Northumberland, Rise North East, Ballinger Charitable Trust, BBC Children In Need, Lankelly Chase Foundation and Metro Radio ‘Cash for Kids’.
All at St Chads Community Project were saddened by the situation in Ukraine. As a gesture of support, we raised £340 to their appeal from donations at our Thrift Shop. Closer to home we were delighted to sponsor the local Redheugh under 12 football team. We held a cake sale for Red Nose Day. To help raise our own funds he held a Christmas raffle, Stuart Angus ran the Great North Run and we held a charity car wash. This was all helped by the generosity of so many kind people and businesses from the local area.
## **Plans for the Future**
- Strengthening our governance, with improvements to Trustee induction, development, and decision-making.
- Working towards greater financial sustainability.
- Developing our existing offer for childcare, family support and ESOL
- Continuing to improve the women’s sessions and ESOL provision.
- Continuing the Holiday Activity Programme #BrightenTheDay
- Expanding our food offer with feasibility for a community shop at St Chads
- Pursuing our pledge to become an accredited living wage employer, ensuring realistic wages for staff
- Securing significant grant funding to develop services and activities
- Developing a new three-year strategy and implement a new website, subject to funding.
4
**ST CHAD’S COMMUNITY PROJECT (A company limited by guarantee)**
**Trustees’ Report For the Year Ended 31 March 2022**
## **FINANCIAL REVIEW**
## **Preparation of the accounts on a going concern basis**
The financial statements have been prepared on a going concern basis. The Trustees have reviewed and considered relevant information, including the annual budget and future cash flows in making their assessment. In particular, in response to the Covid-19 pandemic and its aftermath, the Trustees have revised their forecasts to take into account the impact on the business of possible scenarios brought on by the impact of Covid-19, alongside the measures that they can take to mitigate the impact. Based on these assessments, given the measures that could be undertaken to mitigate the current adverse conditions, and the current resources available, the Trustees have concluded that they can continue to adopt the going concern basis in preparing the annual report and accounts.
Income has increased by £8k to £327k the project continues to be appreciative to all funders for their generous support and for those that assist with donations, full details of which are given on page 14. At each Board meeting Trustees receive a full financial and funding report and regularly review cash flow and the grant income stream.
It is the intention of the project to continue to adapt its services within the resources available. However, the Trustees are aware of the need to further cut costs to bring them in line with income currently secured. The total funds balance carried forward at 31 March 2022 amounted to £745k (2021: £768k).
## **Reserves policy**
The board of directors adopted a reserves policy, which aims to have a minimum four months of operational costs in free reserves. (Unrestricted reserves not invested in tangible fixed assets). As at 31 March 2022 the reserves were £37k (2021: £52k) which represents just under one and a half months running costs. The Trustees are aware of the situation and will continue to work towards restoring this policy with a planned operational surplus.
5
## **ST CHAD’S COMMUNITY PROJECT (A company limited by guarantee)**
## **Trustees’ Report For the Year Ended 31 March 2022**
## **REFERENCE AND ADMINISTRATIVE INFORMATION**
|**Company number**|04136595|
|---|---|
|**Charity number**|1085793|
|**Trustees**|Mr Ian Stevenson (Appointed 14/06/2022)|
||Mrs L Bourn|
||Mr J Adams|
||Ms V Barron|
||Ms H Jones|
||Venerable R Cooper|
||Judith Wood Archer (Appointed 02/11/2021)|
||Mr S Angus|
||Ms L Coxon (Resigned 16/09/2021)|
|**Chief Executive**|Ms L Coxon|
|**Registered office**|21 Liddell Terrace|
||Bensham|
||Gateshead|
||Tyne & Wear|
||NE8 1YN|
|**Independent examiner**|Jim Dodds|
||C/o Connected Voice Business Services Ltd|
||Higham House|
||Higham Place|
||Newcastle upon Tyne|
||NE1 8AF|
|**Bankers**|Lloyds|
||15 West Street|
||Gateshead|
||Tyne and Wear|
||NE8 1DP|
|**Solicitors**|Muckle LLP|
||Time Central|
||32 Gallowgate|
||Newcastle upon Tyne|
||NE1 4BF|
6
**Trustees’ Report For the Year Ended 31 March 2022**
**ST CHAD’S COMMUNITY PROJECT (A company limited by guarantee)**
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Organisational Structure**
The charity is registered as a charitable company limited by guarantee, incorporated on 5 January 2001, and registered as a charity on 26 March 2001 and is governed under its Articles of Association.
## **Trustees**
The management of the charity is the responsibility of the Trustees who are elected and coopted under the terms of the Articles of Association. Trustees are elected at the AGM and the board includes the Vicar of Bensham and the Teams, a local councillor from the Bensham or Saltwell wards of Gateshead MBC, three representatives of the PCC of Bensham and other individuals chosen and approved by the members having expertise in relation to the affairs of the charity, being experts of legal, financial, charitable or community service matters. One third will stand down in rotation each AGM and may be re-elected if the members so wish. Induction is provided to new Trustees if required. Day to day operations are delegated to the staff team, led by the Chief Officer.
## **Risk management**
The Trustees have assessed the major risks to which the charity is exposed, in particular those related to operations and finances of the charity and are satisfied that systems and procedures are in place to mitigate the exposure to the major risks.
## **TRUSTEES RESPONSIBILITIES IN RELATION TO THE FINANCIAL STATEMENT**
The charity Trustees are responsible for preparing a Trustees’ Annual Report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the charity Trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charitable company and the group and of the incoming resources and application of resources, including the income and expenditure, of the charitable group for that period. In preparing the financial statements, the Trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
7
**Trustees’ Report For the Year Ended 31 March 2022**
## **ST CHAD’S COMMUNITY PROJECT (A company limited by guarantee)**
- Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity 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 charity and the group and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
The Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
This report was approved by the Trustees on …………………. and signed on its behalf, by: 5 December 2022
Valerie Barron …………………….. Vice Chair
8
## **ST CHAD'S COMMUNITY PROJECT**
(A company limited by guarantee)
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES**
For the year ended 31 March 2022
I report on the financial statements of St Chad's Community Project for the year ended 31 March 2022, which are set out on pages 10 to 21.
## **Respective responsibilities of Trustees and Examiner**
The Charity's Trustees (who are also directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The Charity's Trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 ("the Charities Act) and that an independent examination is needed.
The charity’s gross income exceeded £250,000 and I am qualified to undertake the examination by being a Fellow of the Association of Charity Independent Examiners.
Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:
- examine the accounts under section 145 of the Charities Act,
- to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act), and
- to state whether particular matters have come to my attention.
## **Basis of independent examiner's statement**
My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the 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 as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.
## **Independent examiner's statement**
In connection with my examination, no material matters have come to my attention which gives me cause to believe that in, any material respect:
- accounting records were not kept in accordance with section 386 of the Companies Act 2006; or
- the accounts do not accord with such records; or
- the accounts do not comply with relevant accounting requirements under section 396 of the Companies Act 2006 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination; or
- the accounts have not been prepared in accordance with the Charities SORP (FRS102).
I have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Jim Dodds FCIE C/o Connected Voice Business Services Ltd Higham House Higham Place Newcastle upon Tyne NE1 8AF Date: 5 December 2022
9
## **ST CHAD'S COMMUNITY PROJECT**
(A company limited by guarantee)
## **STATEMENT OF FINANCIAL ACTIVITIES**
(INCLUDING SUMMARY INCOME & EXPENDITURE ACCOUNT)
For the year ended 31 March 2022
|6
7
Other trading activities
8
9
**Expenditure on:**
Charitable activities
Operation of the charity
**_Total expenditure_**
**_Net movement of funds_**
**_Total income_**
Donations and legacies
**Income from:**
Investments
Charitable activities
Children and Family Services
Notes
**_Total funds carried forward_**
**Reconciliation of funds**
Total funds brought forward|Unrestricted
Funds
£
5,366
122,990
90,720
23
219,099
234,293
234,293
( 15,194 )
51,826
36,632|Restricted
Funds
£
-
107,734
-
-
107,734
115,870
115,870
( 8,136 )
716,442
708,306|**Total**
**2022**
**£**
**5,366**
**230,724**
**90,720**
**23**
**326,833**
**350,163**
**350,163**
**( 23,330 )**
**768,268**
**744,938**|Total
2021
£|
|---|---|---|---|---|
|||||11,579
251,395
55,482
71|
|||||318,527|
|||||281,326|
|||||281,326|
|||||37,201
731,067|
|||||768,268|
The Statement of Financial Activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities
The notes on pages 12 to 21 form an integral part of these accounts.
10
## **ST CHAD'S COMMUNITY PROJECT**
(A company limited by guarantee)
Charity Number 1085793 Company Number 04136595
## **BALANCE SHEET**
As at 31 March 2022
|**Fixed assets**
Tangible assets
17
**_Total fixed assets_**
**Current assets**
Debtors
18
Cash at bank and in hand
19
**_Total current assets_**
**Creditors:**amounts falling due within
one year
20
**_Net current assets_**
**_Total assets less current liabilities_**
**_Total net assets or liabilities_**
**Funds of the charity**
Unrestricted income funds
Restricted income funds
**_Total funds_**
Notes|**£**
13,121
142,592
**155,713**
**( 98,469 )**|**Total**
**2022**
**£**
687,694
**687,694**
**57,244**
**744,938**
**744,938**
36,632
708,306
**744,938**|**£**
3,758
127,056
**130,814**
**( 68,988 )**|**Total**
**2021**
**£**|
|---|---|---|---|---|
|||||706,442|
|||||**706,442**
**61,826**|
|||||**768,268**|
|||||**768,268**|
|||||51,826
716,442|
|||||**768,268**|
The company was entitled to an exemption from audit under s477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act with the respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to small companies subject to the small companies regime and in accordance with FRS102 SORP.
The notes on pages 12 to 21 form an integral part of these accounts.
These financial statements were approved by the Board on:
These financial statements were approved by the Board on: 5 December 2022 and are signed on its behalf by: Bob Cooper Chair
11
## **ST CHAD'S COMMUNITY PROJECT**
(A company limited by guarantee)
## **NOTES TO THE FINANCIAL STATEMENTS**
For the year ended 31 March 2022
## 1 **Accounting Policies**
The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:
## 2 **Basis of accounting**
## 2.1 **Basis of preparation**
These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.
The accounts have been prepared in accordance with 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) – Charities SORP (FRS 102), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
St Chad's Community Project meets the definition of a public benefit entity under FRS 102.
## 2.2 **Preparation of the accounts on a going concern basis**
The financial statements have been prepared on a going concern basis. In making their assessment the trustees have reviewed and considered relevant information, including their annual budget and future cash flows. In response to the COVID-19 pandemic and its aftermath, the Trustees have revised their forecasts to take into account measures that they can take with the current resources available to mitigate the impact of the current adverse conditions. The Trustees are of the view that the immediate future of the charity for the next 12 months is secure and that on this basis the charity is a going concern.
## 3 **Income**
## 3.1 **Recognition of income**
Income is recognised when the charity has entitlement to the resources, any performance conditions attached to the item(s) of income have been met, it is more likely than not that the resources will be received and the monetary value can be measured with sufficient reliability
## 3.2 **Offsetting**
There has been no offsetting of assets and liabilities, or income and expenses, unless required or permitted by FRS102 SORP or FRS102.
## 3.3 **Grants and donations**
Income from government and other 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.
Income received in advance of the provision of a specified service is deferred until the criteria of income recognition are met.
12
## **ST CHAD'S COMMUNITY PROJECT**
(A company limited by guarantee)
## **NOTES TO THE FINANCIAL STATEMENTS**
For the year ended 31 March 2022
## 3.4 **Volunteer help**
The value of volunteer help received is not included in the accounts but is described in the Trustees' Annual Report.
## 3.5 **Interest receivable**
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.
## 3.6 **Income from membership subscriptions**
Membership subscriptions received in the nature of a gift are recognised in donations and legacies.
Membership subscriptions which gives a member the right to buy services or other benefits are recognised as income earned from the provision of goods and services as income from charitable activities.
## 3.7 **Investment gains and losses**
This includes any realised or unrealised gains or losses on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year.
## 3.8 **Fund accounting**
Unrestricted funds are available to spend on activities that further any of the purposes of the charity. Designated funds are unrestricted funds of the charity which the Trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity's work or for specific projects being undertaken by the
## 4 **Expenditure and liabilities**
## 4.1 **Liability recognition**
Liabilities are recognised when it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty.
## 4.2 **Charitable activities**
Expenditure on charitable activities includes the costs of children's and family services and other activities undertaken to further the purposes of the charity and their associated support costs.
## 4.3 **Governance and support costs**
Support costs have been allocated between governance cost and other support. Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice.
Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources.
13
## **ST CHAD'S COMMUNITY PROJECT**
(A company limited by guarantee)
## **NOTES TO THE FINANCIAL STATEMENTS**
For the year ended 31 March 2022
## 4.4 **Irrecoverable VAT**
Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.
## 4.5 **Creditors**
The charity has creditors which are measured at settlement amounts less any trade discounts.
## 4.6 **Provisions for liabilities**
A liability is measured on recognition at its historical cost and then subsequently measured at the best estimate of the amount required to settle the obligation at the reporting date.
## 5 **Assets**
## 5.1 **Tangible fixed assets for use by the charity**
Individual fixed assets costing £500 or more are capitalised at cost and are depreciated over their estimated useful economic lives on a straight line basis, the charity does not currently have any tangible fixed assets:
|Freehold property|50 Years|
|---|---|
|Leasehold property|50 Years|
|Fixtures and fittings|4 to 7 years|
|Equipment|3 to 4 years|
14
## **ST CHAD'S COMMUNITY PROJECT**
(A company limited by guarantee)
## **NOTES TO THE FINANCIAL STATEMENTS**
For the year ended 31 March 2022
## **Analysis of income**
|6
7
8|**Donations and legacies**
**Charitable activities**
Children and Family Services
Arnold Clark Community Fund
BBC Children in Need
Connected Voice
Digital Transformation Fund
Greggs Foundation
Jigsaw Recovery Project
Lankelly Chase
The Ballinger Charitable Trust
Other income
Child Services - other fees generated
**Other trading activities**
Room hire income
Letting income
Fees and charges
Thrift shop and pop up shop
Other project income
Gateshead Council Brighten the Day
Programme
Gateshead Council Covid Support
The National Lottery Community Hub
Gateshead Council Renovation Works
Gateshead Council Household Support
Gateshead Council Covid Restart Grant
Ofsted Grant
Local Communities Fund
Other small grants
Gateshead Council - Foodbank
Child Services - Nursery fees
Donations
Fundraising
HMRC Job Retention Scheme
Child Services - Out of School fees
The National Lottery Covid Recovery Fund
Community Foundation
Sport England
Big Local Partnership|Unrestricted
Funds
£
4,755
611
5,366
2,500
-
-
-
-
5,000
-
-
4,000
-
-
12,000
-
-
1,000
-
-
10,000
-
2,000
2,016
9,000
-
46,631
24,541
4,302
122,990
2,236
27,408
23,572
25,900
11,604
90,720|Restricted
Funds
£
-
-
-
-
8,255
-
2,850
-
-
-
14,012
4,203
13,000
9,776
-
-
-
22,667
696
-
-
3,775
-
28,500
-
-
-
-
-
-
107,734
-
-
-
-
-
-|**Total**
**2022**
**£**
**4,755**
**611**
**5,366**
**2,500**
**8,255**
**-**
**2,850**
**-**
**5,000**
**-**
**14,012**
**8,203**
**13,000**
**9,776**
**12,000**
**-**
**-**
**23,667**
**696**
**-**
**10,000**
**3,775**
**-**
**30,500**
**2,016**
**9,000**
**-**
**46,631**
**24,541**
**4,302**
**230,724**
**2,236**
**27,408**
**23,572**
**25,900**
**11,604**
**90,720**|Total
2021
£|
|---|---|---|---|---|---|
||||||10,965
614|
||||||11,579|
||||||-
3,000
5,000
5,000
2,000
-
2,634
6,395
43,422
-
-
-
1,000
2,000
50,000
-
50,000
-
-
15,000
-
2,960
-
19,193
10,764
26,630
6,397|
||||||251,395|
||||||105
30,718
22,860
860
939|
||||||55,482|
15
## **ST CHAD'S COMMUNITY PROJECT**
(A company limited by guarantee)
## **NOTES TO THE FINANCIAL STATEMENTS**
For the year ended 31 March 2022
## **Analysis of income** continued
|9
**Income from investments**
Bank interest|Unrestricted
Funds
£
23
23|Restricted
Funds
£
-
-|**Total**
**2022**
**£**
**23**
**23**|Total
2021
£|
|---|---|---|---|---|
|||||71|
|||||71|
Income was £326,833 (2021: £318,527) of which £219,099 was unrestricted or designated (2021: £235,498) and £107,734 was restricted (2021: £83,029).
## **Analysis of expenditure on charitable activities**
|10 **_Analysis of expenditure by activities_**
Total 2022
Total 2021
Governance costs
Family services
Children's services|Direct
Costs
£
52,578
95,672
-
148,250
118,940|Support
Costs
£
70,782
129,745
1,386
201,913
162,386|**Total**
**2022**
**£**
**123,360**
**225,417**
**1,386**
**350,163**
**281,326**|Total
2021
£|
|---|---|---|---|---|
|||||120,310
159,756
1,260|
|||||281,326|
||||||
Expenditure on charitable activities was £350,163 (2021: £281,326) of which £234,293 was unrestricted or designated (2021: £161,790) and £115,870 was restricted (2021: £119,536).
|11
**Fees for examination of the accounts**
Independent examiner's fees for reporting on the accounts
There were no other fees paid to the examiner (2021: £nil)|**2022**
**£**
**1,386**
**1,386**|2021
£|
|---|---|---|
|||1,260|
|||1,260|
||||
## 12 **Analysis of staff costs and the cost of key management personnel**
|Salaries and wages
Social security costs
Pension costs (defined contribution pension plan)|**2022**
**£**
**266,519**
**12,141**
**2,950**
**281,610**|2021
£|
|---|---|---|
|||180,689
7,744
1,717|
|||190,150|
No employee received remuneration above £60,000 (2021: nil)
The key management personnel of the charity, comprise the Trustees and the CEO. The total employee benefits of the key management personnel of the charity were £38,276 (2021:£38,277).
16
## **ST CHAD'S COMMUNITY PROJECT**
(A company limited by guarantee)
## **NOTES TO THE FINANCIAL STATEMENTS**
For the year ended 31 March 2022
## 13 **Staff numbers**
The average monthly head count was 22 staff (2021: 19 staff) and the average monthly number of full-time equivalent employees during the year were as follows:
|Management and administration
The parts of the charity in which the employee's work
Project staff|**2022**
**Number**
**3.0**
**7.7**
**10.7**|2021
Number|
|---|---|---|
|||**2.5**
**6.1**|
|||8.6|
## 14 **Transactions with Trustees**
Up to the date 16 September 2021 one Trustee was a paid employee of the charity – Leanne Coxon is the Chief Executive Officer and was a Trustee. No remuneration or benefits were paid for the role as trustee (2021: £nil). No other trustees were paid or received any other benefits from employment with the charity in the year (2021: £nil) neither were they reimbursed expenses during the year (2021: £nil).
## **Transaction(s) with related parties**
There have been no related party transactions in the reporting period.
## 15 **Defined contribution pension scheme**
The charity operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the charity in an independently administered fund.
The employer's pension costs represent contributions payable by the charity to the fund and amount to £2,950 (2021: £1,717). There was £0 outstanding as at 31 March 2022 (2021: £742).
## 16 **Corporation Taxation**
The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objectives.
17
## **ST CHAD'S COMMUNITY PROJECT**
(A company limited by guarantee)
## **NOTES TO THE FINANCIAL STATEMENTS**
For the year ended 31 March 2022
|17 **Tangible fixed assets**
**Cost**
Balance brought forward
Additions
Disposals
**Balance carried forward**
**Depreciation**
Basis
Rate
Balance brought forward
Depreciation charge for year
Disposals
**Balance carried forward**
**Net book value**
**Brought forward**
**Carried forward**|**Freehold**
**land and**
**building**
**£**
758,045
-
-
758,045
RB
2%
286,607
15,159
-
301,766
471,438
456,279|**Long-term**
**leasehold**
**property**
**£**
426,409
-
-
426,409
SL
2%
196,308
8,528
-
204,836
230,101
221,573|**Fixtures**
**and fittings**
**£**
59,280
5,852
-
65,132
SL
25%
56,730
1,228
-
57,958
2,550
7,174|**Office**
**equipment**
**£**
9,257
1,220
-
10,477
SL
25%
6,904
905
-
7,809
2,353
2,668|**Total**
**£**|
|---|---|---|---|---|---|
||||||**1,252,991**
**7,072**
**-**|
||||||**1,260,063**|
||||||**546,549**
**25,820**
**-**|
||||||**572,369**|
|||||||
||||||**706,442**|
|||||||
||||||**687,694**|
## 18 **Debtors and prepayments (receivable within 1 year)**
|19
Cash at bank and in hand
20
Accruals
Deferred income
Taxation and social security
Independent examination of accounts
**Creditors and accruals (payable within 1 year)**
Trade debtors
Other creditors
Pension
Trade creditors
**Cash at bank and in hand**|**2022**
**£**
**13,121**
**13,121**
**2022**
**£**
**142,592**
**142,592**
**2022**
**£**
**88**
**2,997**
**55,632**
**-**
**1,386**
**38,366**
**98,469**|2021
£|
|---|---|---|
|||3,758|
|||3,758|
|||2021
£|
|||127,056|
|||127,056|
|||2021
£|
|||6,292
15,101
45,593
742
1,260
-|
|||68,988|
18
## **ST CHAD'S COMMUNITY PROJECT**
(A company limited by guarantee)
## **NOTES TO THE FINANCIAL STATEMENTS**
For the year ended 31 March 2022
## 22 **Deferred income**
Deferred income comprises of advance payments from grants that relate to future periods
|Balance carried forward
Amount deferred in year
Amount released to income earned from
charitable activities
Balance brought forward|**2022**
**£**|
|---|---|
||**-**
**-**
**38,366**|
||**38,366**|
## 21 **Events after the end of the reporting period**
No events (not requiring adjustment to the accounts) have occurred after the end of the reporting period but before the accounts are authorised which relate to conditions that arose after the end of the reporting period.
## 22 **Analysis of charitable funds**
## **Analysis of movements in unrestricted funds**
|**Unrestricted funds**
General unrestricted fund
**_Totals_**|**Fund**
**balances**
**brought**
**forward**
£
51,826
51,826|**Incoming**
**resources**
£
219,099
219,099|**Resources**
**expended**
£
( 234,293 )
(234,293)|**Transfers**
£
-
-|**Fund**
**balances**
**carried**
**forward**
**£**|
|---|---|---|---|---|---|
||||||**36,632**|
||||||**36,632**|
## **Purpose of unrestricted funds**
General unrestricted fund The 'free reserves' of the charity.
19
## **ST CHAD'S COMMUNITY PROJECT**
(A company limited by guarantee)
## **NOTES TO THE FINANCIAL STATEMENTS**
For the year ended 31 March 2022
- 22 **Analysis of charitable funds** continued
## **Analysis of movement in restricted funds**
|**Restricted funds**
Capital asset restricted fund
BBC Children in Need
Gateshead Council Brighten the
Day
Gateshead Council Covid
Support
Gateshead Council Community
Hub
Gateshead Council Renovation
Works
Gateshead Council Household
Support
Sport England
Lankelly Chase
Community Foundation
Local Communities Fund
Community Foundation - William
Leech Fund
**_Totals_**|**Fund**
**balances**
**brought**
**forward**
£
706,442
-
-
-
-
-
-
-
-
-
-
10,000
716,442|**Incoming**
**resources**
£
-
8,255
14,012
4,203
28,500
13,000
9,776
3,775
22,667
2,850
696
-
107,734|**Resources**
**expended**
£
( 25,820 )
( 6,722 )
( 14,012 )
( 4,203 )
( 23,013 )
( 5,928 )
( 9,776 )
( 3,775 )
( 11,334 )
( 591 )
( 696 )
( 10,000 )
(115,870)|**Transfers**
£
7,072
-
-
-
-
( 7,072 )
-
-
-
-
-
-
-|**Fund**
**balances**
**carried**
**forward**
**£**|
|---|---|---|---|---|---|
||||||**687,694**
**1,533**
**-**
**-**
**5,487**
**-**
**-**
**-**
**11,333**
**2,259**
**-**
**-**|
||||||**708,306**|
## **Purpose of restricted funds**
Restricted funds represent income resources used for a specific purpose within the charity as identified by the donor.
Capital restricted fund
Children in Need
Gateshead Council Brighten the Day Gateshead Council Covid Support
Gateshead Council Community Hub
Gateshead Council Renovation Works
Gateshead Council Household Support
The capital restricted relates to fixed assets held. These restricted funds are reduced each year based upon the depreciation charge for the year. Revenue restricted funds relate to project specific grants that have been spent on project delivery in the period.
Group for young people with disabilities and special educational needs to meet socially.
Funding to contribute to activities for children and food parcels to families.
Funding to support parent and toddler group and provide support for families in crisis.
Funding to develop locality working Community Hub.
Funding to contribute to building works.
Funding to provide uniforms to families.
20
(A company limited by guarantee)
## **ST CHAD'S COMMUNITY PROJECT**
## **NOTES TO THE FINANCIAL STATEMENTS**
For the year ended 31 March 2022
## 22 **Analysis of charitable funds** continued
## **Purpose of restricted funds** continued
Sport England
Lankelly Chase Community Foundation Local Communities Fund Community Foundation - William Leech Fund
Funding to provide yoga lessons to BAME, asylum seeker and refugee communities.
Funding for Research Inquiry.
Funding to provide crèches to remove barriers to education.
Funding for half term holiday activities.
Best of Bensham neighbourhood connectors, To train volunteers in skills to engage with neighbours address social understanding and build trust.
**Transfers between funds Reason for transfer Amount £** Between restricted funds and Transfer of tangible fixed asset purchased by restricted **7,072** restricted assets funds to the restricted asset fund.
## 23 **Capital commitments**
As at 31 March 2022, the charity had no capital commitments (2021 -£nil).
## 24 **Analysis of net assets between funds**
|**nalysis of net assets between funds**|||||
|---|---|---|---|---|
|Other net current assets/(liabilities)
Cash at bank and in hand
Tangible fixed assets|Unrestricted
Funds
£
-
121,980
( 85,348 )
36,632|Restricted
Funds
£
687,694
20,612
-
708,306|**Total**
**2022**
**£**
**687,694**
**142,592**
**( 85,348 )**
**744,937**|Total
2021
£|
|||||706,442
127,056
( 65,230 )|
|||||768,268|
21