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2024-03-31-accounts

ST CHAD�S COMMUNITY PROJECT

(A company limited by guarantee)

REPORT AND FINANCIAL STATEMENTS For the year ended 31 March 2024

Charity Number 1085793 Company number 04136595

(A company limited by guarantee)

For the Year Ended 31 March 2024

The Trustees, who are also directors of the charitable company for the purposes of company law, submit their annual report and the  nancial statements of St Chad’s Community Project (the charitable company) for the year ended 31 March 2024.

The nancial statements comply with the Chari ti es Act 2011, the Companies Act 2006, the Memorandum and Ar ti cles of Associa ti on, and the Accoun ti ng and Repor ti ng by Chari ti es: Statement of Recommended Prac ti ce applicable to chari ti es preparing their accounts in accordance with the Financial Repor ti ng Standard applicable in the UK and Republic of Ireland (FRS 102).

Our Vision, Mission, Core Values and Behaviours

This year the organisa ti on took part in a comprehensive Pilotlight 360 program, the CEO and trustees built up a rela onship with a team of

month period conducted a deep dive into the organisa on, se ng clear objec ves around strategy, governance and nance. The Pilot Lighters provided challenge and expert advice in key areas. One of the outcomes of the process was an update to the vision and mission for the charity. This was a large piece of work and involved representa ves from each sec ti tion of the charity’s community.

one

We believe in the power of ‘one’, Chad’s, or one connected community.

one person making a di ff erence, one team at St

Our core values form the founda ti on of everything we do, they are the compass that guides us in the rela ti onships with each other, those that we form with our residents in our community, and with our delivery partners.

We add real value

We are trustworthy

partners. Everything we do is underpinned by mutual respect.

1

(A company limited by guarantee)

For the Year Ended 31 March 2024

We are suppor ti ve

our residents and delivery partners through teamwork.

We are professional — our standards and delivery are exemplary. Our staff , volunteers, and trustees are fully trained and have personal development plans to help them become the best versions of themselves.

We demonstrate behaviours based on our core values:

We are responsive

We are respected

We are trusted

ve of each

We are accountable

sense of humour.

Review of ac ti_ti vi es

As an organisa ti on we con ti nue to grow and strengthen our services. This year the board appointed a new Chair of trustees for a term of 3 years. We currently have 5 trustees, with 2 open vacancies.

This year we have had a total of 21,187 visits to our project for various community groups and services.

~~Fe~~ Children & Family Services

This remains a high priority for the charity and each service con ti nues to grow - “| don’t know what we would do without St Chads to look a fter our children” - Parent.

This year we became a partner in the Family Hubs Start for Life project with Gateshead Council. We received £85,382 of funding for year 1, and this will allow us as a charity to be er connect families within the Bensham, Dunston & Teams locali es to receive aspects of the wider Family Hub Start for Life o er.

2

(A company limited by guarantee)

For the Year Ended 31 March 2024

Family Support Service

Our project funded by The Na ti onal Lo ttery ‘Recovering and Reviving Bensham’ conti nues to develop, and we were successful in securing a total of £60,025 for 3 years of match funding from Trusthouse Charitable Founda ti on. This has allowed as to recruit another qualied family support worker to the team.

. . We have a range of acSupport which works with many vulnerable or at risk families. In total Ht vi es and services under the umbrella of Family we are proud to have supported 1,546 families directly through the Family Support service.

There were 67 families referred to us by other agencies for long term outreach support. We ran a successful ‘Caring for Children’ course in partnership with Gateshead Council Learning and Skills.

73 families regularly par cipate in our weekly Parent Carer and Toddler Groups with a total of 585 a tt endances. This runs two days during term me, featuring ac t vi ti es such as Messy Play, arts & cra ft s, toys, sensory room, reading areas, a Halloween and a Christmas Party and trips; all

with either breakfast or refreshments available.

We ran a successful appeal for the rising demand for baby items, moses baskets, prams and cots, and larger size nappies and 286 families were provided with clothing, goods and equipment - "Thank you for helping me, my husband works but I don't. I had to give up my job in early pregnancy as I was really poorly, so I haven't been en ti tled to maternity pay. I have been so worried about how we would a ff ord

Children services

Demand for childcare has continued to grow over the year. Our setting had a routine Ofsted inspection in January 2024 and we were extremely proud to be judged overall as a GOOD childcare provider in Early Years.

The report was immensely positive and reflected the progress the charity has made as a childcare provider. Our leaders and managers were praised for having a clear oversight of the setting and ensuring that there is focused support to ensure the setting continually improves and that there is an open and

interests first. Parents said that our setting is inclusive and welcoming, and they praised us for the care their children receive and acknowledged that staff are caring and approachable.

3

(A company limited by guarantee)

For the Year Ended 31 March 2024

After School Club

Our club runs throughout the year, both term time and school holidays. We have 79 children registered, aged 3 to 14. The year featured trips to The Forbidden Corner, Hamsterley Forest, The Hancock Museum and regular outings to local greenspaces such as Saltwell Park. Our Holiday programme delivers activities such as Science Experiments, Arts & Crafts, Baking, Gardening and Messy Play. Our forest school club continued

trained forest school facilitator with funding from the Heritage Lottery. During the Christmas period we visited festive window displays, ran craft & baking sessions and the children raised £109.45 in funds with a Christmas and Easter raffle. There was a childcare fee increase of 10% in July 2023.

Nursery

We had 9 children registered this year in our Early Years nursery provision for ages 2 to 4. Families were eligible for the Government free childcare places for 2,3 & 4 years olds and we received £16,519. The provision featured trips to Saltwell Park, local shops and the library and many different

development areas in line with the EYFS using the birth to 5 activities to assist with the children’s learning in key matters non statutory guidance.

Community Creche

We were awarded £30,000 of funding over 2 years from the Creche Mobile c/o Community Foundation to develop the outreach creche provision within the community, working in partnership

We registered 10 children and delivered a total of 165 creche places, with an average of 9 children attending weekly. This allowed the young parents to attend weekly social group — “always wanted to feel independent and this group has allowed me to do that. It has given me the confidence to realise my dreams. I have now enrolled at Gateshead College to get back into education. All of the other women in the group are so supportive, I have built strong friendships. The children have made friends

4

(A company limited by guarantee)

For the Year Ended 31 March 2024

Food Provision

The increased cost of living crisis con nues to a ect hard pressed families within the community. This year with funding from Gateshead Council, we were able to deliver a package of activities including:

e Activities programme #BrightenTheDay (Easter, Summer and Christmas holidays) programme, total funding awarded £28,316. We held 28 sessions over which we had 896 attendances.

We were awarded £10,815 Household Support funding for our various food projects. We supported 655 families with emergency food requests through referrals to foodbank and our own supplies of emergency food. 230 people a tt ended our weekly 2 Soups drop in café “Filled my belly when cold and hungry and struggling  nancially. It’s a reason to come out of the

102 families

were supported by our weekly popup food shop with a total of 6,268 adults and children over the year.

~~ee~~ Asylum & Immigration

English Speakers of Other Languages (ESOL)

Our provision of language learning is vital in helping people integrate with the local community and find work. 65 people attended courses throughout the year, most are refugees & asylum seekers. Courses range from informal social sessions, to formal courses for beginners to advanced and online classes. Trips to community amenities, such as Gateshead Libraries, help people strengthen use of their language skills. We also provided a ‘ESOL Walkshop’ trip to Newburn. 30

Students took a walk along the river and answered question in their activity booklet this helped to improve fitness and mental health.

5

(A company limited by guarantee)

For the Year Ended 31 March 2024

Health & Wellbeing

The ‘Women Together’ group is att ended by a regular cohort of 22 women each week. A creche is provided to remove the barrier of childcare and allow parents to a tt end.

The ‘Assemblage’ men’s group is att ended by a regular cohort of 10 men each week. We received funding from Bernicia Founda ti on of £5,550 to help get the group set up.

Both groups provide a social space for adults to meet regularly, reducing social isola ti on and o ff ering peer support. - “The group is really needed by the youngsters [young men] as someti mes they get

world, and they want to smile, because nowadays people, they forget to smile and keep everything

6

(A company limited by guarantee)

For the Year Ended 31 March 2024

~~re~~ Commercial & Retail

Commercial

We have maintained our rental occupancy at £44,018 for this year with our tenants Youth Focus North East and Side by Side Arts. We con ti nue to o ff er rooms for hire which has raised £3,258 of income for the charity.

Retail

Our Community Thri Shop on the premises at Coatsworth Road is open ve days a week from 9:30 to 3:30pm. It o ers a range of low cost adult and clothes, school uniforms, accessories, jewellery, toys, bric-a-brac, towels, curtains, unwanted gi s. This year the shop generated £26,832 in sales and £504.89 in fundraising.

Employment & Training

We continue to be accredited as a real living wage employer which saw a 10.1% increase this year on staff salaries, we currently have 28 employed sta ff .

Our services have been supported by a team of 24 volunteers with a total contribu ti on of 5,695 hrs, which is the equivalent of £68,340 saving for the charity in Real Living Wage, “| have MS and

because everyone needs company don’t they” — Thrift

Shop Volunteer .

Working Together

We completed our second year working in partnership with Gateshead Council as a community anchor organisation, and four other community hubs in Gateshead to develop our locality working and sharing 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.

- Fundraising and In kind Support

All our work was achieved, thanks to our team, partners and supporters. We thank our volunteers,

period. We also thank our funders for the year: The National Lottery, Gateshead Council, the

7

ST CHAD�S COMMUNITY PROJECT (A company limited by guarantee)

Trustees� Report For the Year Ended 31 March 2024

Community Foundation Serving Tyne & Wear And Northumberland, Bernicia Foundation, Church Urban fund, Garfield Weston, Shears Foundation, Sir James Knott, Trusthouse Charitable Foundation, Feeding Britain, Heritage Lottery, and Metro Radio �Cash for Kids�.

We are grateful to have received pro bono advice and support in regard to our internal building works for our future Food market from Faulkner Browns Architects, Arup, Gleeds Cost Management Ltd.

To help raise our own funds we held various raffles and tombola�s and received donations for our food cupboard. 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, including recruiting new trustees.

Updating the charities Articles of memorandum.

Working towards greater financial sustainability.

Developing our existing offer for childcare, family support and ESOL

Continuing to improve the women�s and men�s sessions and ESOL provision.

Continuing the Holiday Activity Programme #BrightenTheDay

Expanding our food offer by internal building works for a community shop at St Chads supported by a business plan.

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.

Financial Review

Prepara on of the accounts on a going concern basis

The nancial statements have been prepared on a going concern basis. The Trustees have reviewed and considered relevant informa on, including the annual budget and future cash ows in making their assessment. Based on these assessments, given the measures that could be undertaken to mi gate the current adverse condi ons, and the current resources available, the Trustees have concluded that they can con nue to adopt the going concern basis in preparing the annual report and accounts.

Income has increased by £70k to £553k the project con nues to be apprecia ve to all funders for their generous support and for those that assist with dona ons, full details of which are given on page 14. At each Board mee ng Trustees receive a full nancial and funding report and regularly review cash ow and the grant income stream.

It is the inten on of the project to con nue 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

8

ST CHAD�S COMMUNITY PROJECT (A company limited by guarantee)

Trustees� Report For the Year Ended 31 March 2024

currently secured. The total funds balance carried forward at 31 March 2024 amounted to £792k (2023: £740k).

Reserves policy

The board of directors adopted a reserves policy, which aims to have a minimum four months of opera onal costs in free reserves. (Unrestricted reserves not invested in tangible xed assets). As at 31 March 2024 the reserves were £21k (2023: £14k) The Trustees are aware of the situa on and will con nue to work towards restoring this policy with a planned opera onal surplus.

Reference and Administrative Information

Company number 04136595 Charity number 1085793 Trustees Ian Stevenson Lesya Bourn Resigned 5 March 2024 John Adams Valerie Barron Resigned 4 March 2024 Helen Jones Venerable Bob Cooper Resigned 5 March 2024 Judith Wood Archer Stuart Angus Chief Execu ve Ms L Coxon Registered o ce 21 Liddell Terrace Bensham Gateshead Tyne & Wear NE8 1YN Independent examiner Jim Dodds 33 The Glebe Morpeth NE61 6HW

9

ST CHAD�S COMMUNITY PROJECT (A company limited by guarantee)

Trustees� Report For the Year Ended 31 March 2024

Bankers Lloyds 15 West Street Gateshead Tyne and Wear NE8 1DP Solicitors Muckle LLP Time Central 32 Gallowgate Newcastle upon Tyne NE1 4BF

Structure, Governance and Management

Organisa onal 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 Ar cles of Associa on.

Trustees

The management of the charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Ar cles of Associa on. 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 representa ves of the PCC of Bensham and other individuals chosen and approved by the members having exper se in rela on to the a airs of the charity, being experts of legal, nancial, charitable or community service ma ers. One third will stand down in rota on each AGM and may be re-elected if the members so wish. Induc on is provided to new Trustees if required. Day to day opera ons are delegated to the sta team, led by the Chief O cer.

Risk management

The Trustees have assessed the major risks to which the charity is exposed, in par cular those related to opera ons and nances of the charity and are sa sed that systems and procedures are in place to mi gate 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 nancial statements in accordance with applicable law and United Kingdom Accoun ng Standards (United Kingdom Generally Accepted Accoun ng Prac ce).

Company law requires the charity Trustees to prepare nancial statements for each year which give a true and fair view of the state of a airs of the charitable company and the group and of the incoming resources and applica on of resources, including the income and expenditure, of the charitable group for that period. In preparing the nancial statements, the Trustees are required to:

10

(A company limited by guarantee)

For the Year Ended 31 March 2024

The Trustees are responsible for keeping proper accoun ti ng records that disclose with reasonable accuracy at any ti me the nancial posi ti on of the charity and to enable them to ensure that the nancial 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 preven ti on and detec ti on of fraud and other irregulari ti es.

The Trustees are responsible for the maintenance and integrity of the corporate and nancial informa tion included on the charitable company’s website. Legislati on in the United Kingdom governing the prepara ti on and dissemina ti on of nancial statements may di ff er from legisla ti on in other jurisdic ti ons.

This report was approved by the Trustees on: 12 December 2024 and signed on its behalf, by:

Judith Wood Archer

Chair

11

ST CHAD'S COMMUNITY PROJECT

(A company limited by guarantee)

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES

For the year ended 31 March 2024

I report on the financial statements of St Chad's Community Project for the year ended 31 March 2024, which are set out on pages 13 to 25.

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 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

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:

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

33 The Glebe Morpeth Northumberland

Date:

12

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 2024

----- Start of picture text -----
Unrestricted Restricted Total Total
Funds Funds 2024 2023
£ £ £ £
Income from:
Donations and legacies 6 1,799 - 1,799 13,287
Charitable activities
Children and Family Services 7 127,116 318,352 445,468 359,002
Other trading activities 8 104,257 - 104,257 109,673
Investments 9 1,056 - 1,056 481
Total income 234,228 318,352 552,580 482,443
Expenditure on:
Charitable activities
Operation of the charity 226,488 273,999 500,487 487,061
Total expenditure 226,488 273,999 500,487 487,061
Net movement of funds 7,740 44,353 52,093 ( 4,618 )
Reconciliation of funds
Total funds brought forward 13,500 726,820 740,320 744,938
Total funds carried forward 21,240 771,173 792,413 740,320
Notes
----- End of picture text -----

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 16 to 25 form an integral part of these accounts.

13

Charity Number 1085793 Company Number 04136595

ST CHAD'S COMMUNITY PROJECT

(A company limited by guarantee)

BALANCE SHEET

As at 31 March 2024

(2)
(0)
ie)z		 £ Total
2024
£		 £ Total
2023
£
Fixed assets
Tangible assets
17		 644,613 668,234
Total fixed assets
Current assets		 644,613 668,234
Debtors
18
Cash at bank and in hand
19		 22,263
160,343		 13,124
134,363
Total current assets
Creditors:amounts falling due within
one year
20		 182,606
( 34,806 )		 147,487
( 75,401 )
Net current assets 147,800 72,086
Total assets less current liabilities 792,413 740,320
Total net assets or liabilities 792,413 740,320
Funds of the charity
Unrestricted income funds
Restricted income funds		 21,240
771,173		 13,500
726,820
Total funds 792,413 740,320

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 16 to 25 form an integral part of these accounts.

These financial statements were approved by the Board on:

and are signed on its behalf by:

Judith Wood Archer Chair

14

Charity Number 1085793 Company Number 04136595

ST CHAD'S COMMUNITY PROJECT

(A company limited by guarantee)

STATEMENT OF CASH FLOWS

For the year ended 31 March 2024

----- Start of picture text -----
2024 2023
£ £
Cash flows from operating activities
Net movement in funds 52,093 ( 4,618 )
Depreciation 29,798 28,197
Investment income ( 1,056 ) ( 481 )
Increase in trade receivables ( 9,139 ) ( 3 )
Decrease in trade payables ( 40,595 ) 15,298
Increase in deferred income - ( 38,366 )
Cash generated from operations 31,101 27
Cash flow from investing activities
Purchase of property, plant and equipment ( 6,177 ) ( 8,737 )
Interest received 1,056 481
Net cash from investing activities ( 5,121 ) ( 8,256 )
Increase in cash and cash equivalents 25,980 ( 8,229 )
Cash and cash equivalents at start of year 134,363 142,592
Cash and cash equivalents at end of year 160,343 134,363
Notes
----- End of picture text -----

All of the cash flows are derived from continuing operations during the above two periods.

The notes on pages 16 to 25 form an integral part of these accounts.

15

ST CHAD'S COMMUNITY PROJECT

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2024

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 charity reported overdrawn unrestricted funds at the year end of £21,240, however they have already secured a significant amount of funding for the current year. The trustees are of the view that the immediate future of the charity for the next 12 to 18 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.

16

ST CHAD'S COMMUNITY PROJECT

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2024

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.

17

ST CHAD'S COMMUNITY PROJECT

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2024

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

18

ST CHAD'S COMMUNITY PROJECT

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2024

Analysis of income

6
7		 Donations and legacies
Charitable activities
Children and Family Services
Connected Voice
Gateshead Council
Lankelly Chase
Child Services - other fees generated
Donations
Probation Service
Church Urban Fund
Gateshead Council Supermarket Food Project
Child Services - Nursery fees
Shears Foundation
Other small grants
Garfield Weston
Sir James Knott
Community Foundation - Crèche Mobile
Child Services - Out of School fees
Gateshead Council - Provision of Food
Gateshead Family Hubs Start for Life
Gateshead Council - Warm Spaces
Gateshead Council - Baby Milk
Ballinger Charitable Trust
The National Lottery and GMBC - Locality
Working in Gateshead
Rise North East
Community Foundation the Linden Family and
the Winter Family
Heritage Lottery Grant
Gateshead Council Brighten the Day
Programme
Bernicia Foundation
Feeding Britain - Sainsburys
The National Lottery ESOL
Ringtons Grant
LWIG Grant Access 2
The National Lottery Reaching Communities
Fund
Trusthouse Charitable Foundation		 Unrestricted
Funds
£
1,799
-
1,799
-
-
-
-
-
-
-
25,000
-
-
-
-
10,000
-
-
-
-
-
-
-
5,500
10,000
-
-
-
-
-
57,255
16,519
2,842
127,116		 Restricted
Funds
£
-
-
-
-
5,550
15,000
-
-
2,500
10,000
-
-
28,316
-
10,815
75,382
1,890
4,103
-
-
-
-
-
-
-
95,121
-
50,256
19,419
-
-
-
-
318,352		 Total
2024
£
1,799
-
1,799
-
5,550
15,000
-
-
2,500
10,000
25,000
-
28,316
-
10,815
85,382
1,890
4,103
-
-
-
-
-
5,500
10,000
95,121
-
50,256
19,419
-
57,255
16,519
2,842
445,468		 Total
2023
£
3,287
10,000
13,287
35,000
-
-
6,840
4,000
-
-
-
14,096
21,110
15,000
-
-
-
-
10,000
43,004
10,702
4,560
4,043
-
-
54,000
9,866
25,574
-
2,550
67,647
21,717
9,293
359,002

19

ST CHAD'S COMMUNITY PROJECT

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2024

Analysis of income continued

8
Other trading activities
Room hire income
Letting income
Fees and charges
Thrift shop and pop up shop
Other project income
9
Income from investments
Bank interest
Government Employment Scheme		 Unrestricted
Funds
£
3,258
44,018
25,027
26,832
-
5,122
104,257
1,056
1,056		 Restricted
Funds
£
-
-
-
-
-
-
-
-
-		 Total
2024
£
3,258
44,018
25,027
26,832
-
5,122
104,257
1,056
1,056		 Total
2023
£
6,104
36,455
11,530
27,028
10,768
17,788
109,673
481
481

Income was £552,580 (2023: £482,443) of which £234,228 was unrestricted or designated (2023: £323,556) and £318,352 was restricted (2023: £158,887).

Analysis of expenditure on charitable activities

10 Analysis of expenditure by activities
Total 2023
Total 2022
Governance costs
Other services
Children's services
Family services		 Direct
Costs
£
88,042
110,754
194,132
-
392,928
380,614		 Support
Costs
£
23,843
29,993
52,573
1,150
107,559
106,447		 Total
2024
£
111,885
140,747
246,705
1,150
500,487
487,061		 Total
2023
£
90,762
163,894
231,255
1,150
487,061

Expenditure on charitable activities was £500,487 (2023: £487,061) of which £226,488 was unrestricted or designated (2023: £346,688) and £273,999 was restricted (2023: £140,373).

11 Fees for examination of the accounts

Other accountancy services paid to the examiner
Independent examiner's fees for reporting on the accounts		 2024
£
1,150
-
1,150		 2023
£
1,150
280
1,430

20

ST CHAD'S COMMUNITY PROJECT

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2024

12 Analysis of staff costs and the cost of key management personnel

Salaries and wages
Social security costs
Pension costs (defined contribution pension plan)		 2024
£
326,399
15,530
5,271
347,200		 2023
£
308,463
15,601
3,793
327,857

No employee received remuneration above £60,000 (2023: nil)

The key management personnel of the charity, comprise the trustees and the Chief Executive Officer. The total employee benefits of the key management personnel of the charity were £39,778 (2023:£42,296).

13 Staff numbers

The average monthly head count was 28 staff (2023: 26 staff) and the average monthly number of full-time equivalent employees during the year were as follows:

Management and administration
Project staff
The parts of the charity in which the employee's work		 2024
Number
3.9
10.1
14.0		 2023
Number
3.0
9.7
12.7

14 Transactions with trustees

None of the trustees have been paid any remuneration or received any other benefits from an employment with their charity or a related entity.

Trustees' expenses

No trustee expenses have been incurred in the year.

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 £5,271 (2023: £3,793). There was £307 outstanding as at 31 March 2024 (2023: £495).

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.

21

ST CHAD'S COMMUNITY PROJECT

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2024

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%
316,927
15,161
-
332,088
441,118
425,957		 Long-term
leasehold
property
£
426,409
-
-
426,409
SL
2%
213,364
8,528
-
221,892
213,045
204,517		 Fixtures
and fittings
£
71,865
2,650
-
74,515
SL
25%
61,119
4,343
-
65,462
10,746
9,053		 Office
equipment
£
12,481
3,527
-
16,008
SL
25%
9,156
1,766
-
10,922
3,325
5,086		 Total
£
1,268,800
6,177
-
1,274,977
600,566
29,798
-
630,364
668,234
644,613
18 Debtors and prepayments (receivable within 1 year)
19
Cash at bank and in hand
20
Cash at bank and in hand
Other debtors
Creditors and accruals (payable within 1 year)
Trade debtors
Pension
Trade creditors
Other creditors
Taxation and social security
Independent examination of accounts
Accruals		 2024
£
12,263
10,000
22,263
2024
£
160,343
160,343
2024
£
45
3,937
29,367
307
1,150
34,806		 2023
£
13,124
-
13,124
2023
£
134,363
134,363
2023
£
4,700
3,946
64,565
347
1,843
75,401

22

(A company limited by guarantee)

ST CHAD'S COMMUNITY PROJECT

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2024

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
£
13,500
13,500		 Incoming
resources
£
234,228
234,228		 Resources
expended
£
( 226,488 )
( 226,488 )		 Transfers
£
-
-		 Fund
balances
carried
forward
£
21,240
21,240

Purpose of unrestricted funds

General unrestricted fund The 'free reserves' of the charity.

22 Analysis of charitable funds continued

Analysis of movement in restricted funds

Restricted funds
Capital asset restricted fund
Bernicia Foundation
Church Urban Fund
Community Foundation - Crèche
Mobile
Feeding Britain - Sainsburys
Gateshead Council brighten the
day
Gateshead Council - provision of
food
Gateshead Family Hubs Start for
Life
Gateshead Council - Baby Milk
Gateshead Council - Warm
Spaces
Heritage Lottery Grant
Lankelly Chase
Sub Totals
Community Foundation the Linden
Family and the Winter Family		 Fund
balances
brought
forward
£
660,916
-
-
-
4,668
-
-
-
-
-
-
7,678
30,116
703,378		 Incoming
resources
£
-
5,550
2,500
15,000
-
10,000
28,316
10,815
75,382
1,890
4,103
-
-
153,556		 Resources
expended
£
( 27,301 )
( 5,550 )
( 2,500 )
( 12,075 )
( 4,668 )
-
( 23,236 )
( 10,815 )
( 2,633 )
( 1,890 )
( 4,103 )
( 7,678 )
( 30,116 )
( 132,565 )		 Transfers
£
2,650
-
-
-
-
-
-
-
-
-
-
-
-
2,650		 Fund
balances
carried
forward
£
636,265
-
-
2,925
-
10,000
5,080
-
72,749
-
-
-
-
727,019

23

ST CHAD'S COMMUNITY PROJECT

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2024

22 Analysis of charitable funds continued

Analysis of movement in

Restricted funds
Brought forward
Ringtons Grant
Rise North East
The National Lottery Community
Hub
The National Lottery Reaching
Communities Fund
Trusthouse Charitable
Foundation
Totals
The National Lottery and GMBC -
Locality Working in Gateshead
restricted fundscontinued		 Fund
balances
brought
forward
£
703,378
3,860
2,478
807
-
16,297
-
726,820		 Incoming
resources
£
153,556
-
-
-
95,121
50,256
19,419
318,352		 Resources
expended
£
( 132,565 )
( 3,860 )
( 2,478 )
( 807 )
( 67,215 )
( 54,675 )
( 12,399 )
( 273,999 )		 Transfers
£
2,650
-
-
-
( 2,650 )
-
-
-		 Fund
balances
carried
forward
£
727,019
-
-
-
25,256
11,878
7,020
771,173

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

Bernicia Foundation

Church Urban Fund

Community Foundation - Crèche Mobile

Community Foundation the Linden Family and the Winter

Gateshead Council brighten the day

Gateshead Council - provision of food

Gateshead Family Hubs Start for Life

Gateshead Council - Baby Milk

Gateshead Council - Warm Spaces

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.

Funding to provide a social group for men.

Funding to provide kitchen a space and resources for asylum seekers & refugee families to cook and eat meals.

Funding to provide a community crèche to remove barriers to education working in partnership with Young Women's Outreach Project.

Funding to provide accessible and free fitness activities for local mums in low income households and to provide a creche.

Funding to provide holiday activities and food.

Funding for resources for food projects: 2 Soups, Coffee & Cake, Popup Food Shop.

Funding to allow the community to receive aspects of the wider Family Hub offer and to better connect families using voluntary settings within the Bensham and Dunston & Teams localities.

Funding to provide the community with the provision of baby milk for those who are struggling or in crisis.

Funding to provide warm space for the community.

24

(A company limited by guarantee)

ST CHAD'S COMMUNITY PROJECT

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2024

22 Analysis of charitable funds continued

Purpose of restricted funds continued

Heritage Lottery Grant

Lankelly Chase Community Foundation Ringtons Grant

Rise North East

The National Lottery Community Hub

The National Lottery and GMBC - Locality Working in Gateshead

The National Lottery Reaching Communities Fund

Trusthouse Charitable Foundation Feeding Britain - Sainsburys

Funding to provide forest school sessions to children from low income households including food for a period of 1 year.

Funding for Research Inquiry.

Funding to provide crèches to remove barriers to education. Funding for a weekly session providing food, warmth, information & advice and company known as out '2 soups café'.

Funding to deliver fortnightly walks for refugees and asylum seekers.

Funding to support the growth and development of St Chads CP as a networked community anchor organisation. Supporting locality working and its network of VCSE and public service providers.

Funding to Support the growth and development of St Chads CP as a networked community anchor organisation. Supporting locality working and its network of VCSE and public service providers.

Funding for our 'Recovering & Reviving Bensham' project.

Match funding for TNL funding Recovering & Reviving Bensham project.

Vouchers to support with food provision for families in crisis.

Transfers between funds

Between restricted funds and restricted assets

----- Start of picture text -----
Reason for transfer Amount
£
Transfer of tangible fixed asset purchased by restricted 2,650
funds to the restricted asset fund.
----- End of picture text -----

As at 31 March 2024, the charity had no capital commitments (2023 -£nil).

24 Analysis of net assets between funds

Tangible fixed assets
Other net current assets/(liabilities)
Cash at bank and in hand		 Unrestricted
Funds
£
8,348
25,435
( 12,543 )
21,240		 Restricted
Funds
£
636,265
134,908
-
771,173		 Total
2024
£
644,613
160,343
( 12,543 )
792,413		 Total
2023
£
668,234
134,363
( 62,277 )
740,320

25