## 

||||Page|
|---|---|---|---|
|Trustees'<br>report|||1-4|
|Independent<br>examiners||report||
|Statement offinancial|acfivtTies|||
|Balance sheet||||
|hlotes to the financial|statements||8-14|





## 

## 

|The financial|statements|statements|statements|have been|prepared|in|accordance|accordance|accordance|accordance|accordance|with the accounting|with the accounting|with the accounting|with the accounting|with the accounting|policies set out in note 1 to the|policies set out in note 1 to the|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|financial statements|||and|comply with|the charity's|||memorandum|||||and|artides of||association,||the Charities Act 2011|
|and Accounting||and|Reporting<br>by Charities: Statement||||||of||Recommended||||Pracfice||applicable|to chariTies preparing|
|their accounts||in accordance<br>with the Financial|||||Reporting||||Standard|||applicable||in|the UK and Republic of Ireland||
|(FRS102)(elfective|||1 January 2019).||||||||||||||||
|Reference and||administrative<br>informagon|||||||||||||||||
|Settlor||||Gillian Dickinson|||||||||||||||
|Charity number||||1094362|||||||||||||||
|Principal address||||c/o Womble Bond Dickinson|||||(UK)|||I LP|||||||
|||||The Spark|||||||||||||||
|||||Draymans|Way||||||||||||||
|||||Newcastle|Helix||||||||||||||
|||||Newcastle|upon Tyne||||||||||||||
|||||NE4 5DE|||||||||||||||
|Independent|examiner|||Philip Holt|FCA FCIE||||||||||||||
|||||High Park|Farm||||||||||||||
|||||Kirkbymoorside|||||||||||||||
|||||York|||||||||||||||
|||||YO52 7HS|||||||||||||||
|Bankem||||Uoyds Bank Pic|||||||||||||||
|||||102Grey|Street||||||||||||||
|||||Newcastle|Upon Tyne||||||||||||||
|||||NE99 1SL|||||||||||||||
|Soltcltors||||Womble Bond Dickinson||||(UK)||LLP|||||||||
|||||The Spark|||||||||||||||
|||||Draymans|Way||||||||||||||
|||||Newcastle|Helix||||||||||||||
|||||Newcastle|upon Tyne||||||||||||||
|||||NF4 5DE|||||||||||||||
|Investment|advisors|||Investec Wealth & Investment||||||Limited|||||||||
|||||Quayside|House, Canal|||Wharf,|||||||||||
|||||Leeds|||||||||||||||
|||||Yorkshim|||||||||||||||
|||||LS115PU|||||||||||||||





## 

## 

## 

## 

## 

## 

## 



## 

## 

## 

## 

## 

## 

## 



## 

## 



## 

## 

## 

## 

## 



## 

## 

|||||||2023|2022|
|---|---|---|---|---|---|---|---|
||||||Notes|0||
|Income from:||||||||
|Income and endowmenhr|||from:|||||
|Investments<br>income||||||54,297|50,256|
|Total income||||||54,297|50,256|
|Expenditure<br>on:||||||||
|Raising funds||||||||
|Investment<br>management||costs||||12,091|14,194|
|Charitable acgvtges||||||||
|Grants payable|||||3|206,000|101,054|
|Other||||||||
|Governance<br>costs||||||15,260|12,471|
|Toial charitable expenditure||||||233,351|127,719|
|Net income l(expenditure)|||for the year|||(179,054)|(77,463)|
|Other recognised|gains|and (losses):||||||
|Nst gains/(losses)|on investment|||assets||(134,096)|54,713|
|Net movement<br>in|funds|||||(314,050)|(22,750)|
|Fund balances at 6April 2022||||||1,507,700|1,530,450|
|Fund balances at|5April||2023|||1,193,650|1,507,700|





## 

|||||||2023||2022|
|---|---|---|---|---|---|---|---|---|
|||||||F||f|
|Fixed assets|||||||||
|Invesirnenls||||||1,365,682||1,649,966|
|Current assels|||||||||
|Debtors|||||3,317||3,617||
|Cash at bank and in||hand|||25,087||20,413||
||||||28,404||24,030||
|Creditors:|amounts|falgng|due within||||||
|one year||||8|(118,436)||(93,796)||
|Net current|liabili5es|||||(90,032)||(69,766)|
|Total assets less current liabilfges||||||l,275,660||1,560,200|
|Creditors:|amounts|falling|due after||||||
|more than|one year|||||(82,000)||(72,500)|
|Net assets||||||1,193,650||1,507,700|
|Funds ofthe Charity|||||||||
|Designated|fund - investment||fund|||1,365,682||1,649,966|
|Unrestricted|general funds|||10||(172,032)||(142,266)|
|||||||1,193,650||1,507,700|





## 

## 



## 

## 



## 

## 

## 

## 

## 

## 

|2|Investments<br>income|||||||
|---|---|---|---|---|---|---|---|
|||||||2023|2022|
|||||||E||
||Income from listed investments|||||53,928|50,255|
||Interest receivable|||||369|1|
|||||||54,297|50,255|
|3|Grants payable|||||||
|||||||2023|2022|
|||||||8|E|
||Grants to instkutions|-|9grants (2022:0grants)|||206,000|101,054|
||Grants to institudons||from unrestricted||funds comprise:|2023|2022|
||||||||2|
||Dance City||||||90,000|
||Birkheads<br>Wild|||||45,000||
||Berwick Educational|Association||||3,500||
||Young Pianist ofthe|North|||||(20,000)|
||Northern<br>Chords||||||10,000|
||Northern<br>Steel Network||||||2,500|
||StBenedicts Hospice||||||729|
||Cheesebum<br>Sculpture||||||(10,000)|
||Monkchester<br>CIC||||||2,525|
||Live Theatre|||||60,000||
||National Youth Choir||||||25,000|
||Enter CIC|||||4,000||
||Durham<br>Music Trust|||||30,000||
||Customs<br>House|||||7,500||
||Orchestras<br>Live|||||10,000||
||Artichoke|||||10,000||
||Norlhumberland<br>National|||Park||36,000||
|||||||206,000|101.054|





## 

## 

## 

|||||||||
|---|---|---|---|---|---|---|---|
|3|Grants payabta||||||(Continued)|
||Reconciliation ofgrants|||payable:||2023|2022|
|||||||E||
||Commitments|at6April 2022||||163,144|'I70,644|
||Commitments|inade|in the year|||206,000|101,054|
||Grants<br>paid during the year|||||(176,000)|(108,554)|
||Commitments|at 5April 2023||||183,144|153,144|
||Cornmitmenta|at 5|April|2023are payable as follows:||E|E|
||Within one year|||||111,144|90,644|
||ARer more than one||year|||82,000|72,500|
|||||||183,144|163,144|
|4|Governance|costs||||||
|||||||2023|2022|
|||||||E||
||Other governance<br>costs comprise:|||||||
||Administration|fees||||11,620|11,208|
||Brokers fees||||||(142)|
||Independent|Examination||fee||840|840|
||Website redesign<br>and running||||costs|2,800|565|
|||||||16,280|12,471|



## 



## 

## 

## 

## 

|Fixed asset|i|nvestm|ent|s|||||||
|---|---|---|---|---|---|---|---|---|---|---|
||||||||||2023|2022|
||||||||||6|E|
|Market value||brought||forward|||||1,64a,ass|1,663,373|
|Acquisitions|at cost||||||||144,319|94,496|
|Market value|ofdisposals||||||||(204,340)|(175,797)|
|Fair value movements|||||||||(2ts,asa)|54,713|
|Cash movements<br>during||||the year|||||(8,364)|14,181|
|Market value||can1ed forward|||||||1,365,682|1,549,956|
|Historical cost|||||||||||
|At 5April 2023|||||||||1,226,982|1,295,207|
|The valuation||of investments|||prepared|by Investec Wealth||& Investment as at|5April 2023 gives the following||
|allocation of|investments|||by market value which are held:|||||||
||||||||||2023<br>6|2022f|
|Fixed interest|||||||||312,798|355,919|
|EquMes|||||||||778,675|1,045,827|
|Hedge Funds|||||||||191,007|144,253|
|Properly|||||||||55,094|67,525|
|Cash|||||||||28,108|36,412|
||||||||||1,365,682|1,549,965|
|These investments|||have the||following|geographical|spread:||||
||||||||||2023|2022|
|||||||||||8|
|United<br>Kingdom|||||||||616,707|702,545|
|Asiarpaciilc|||||||||162,024|275,616|
|North Arne neo|||||||||400,052|416,553|
|Central and South America|||||||||30,302|14,871|
|Europe|||||||||150,157|225,510|
|Other|||||||||6,440|14,671|
||||||||||1,365,682|1,649,965|



## 



## 

## 

||||||||2023|2022|
|---|---|---|---|---|---|---|---|---|
||||||||E|E|
||Prepayments|and accrued income|||||3,317|3,617|
||||||||3,317|3,617|
|8|Creditors: amounts<br>falling due within one|||year|||2023|2022|
||||||||E|E|
||Creditors||||||4,320||
||Grants payable||||||111,144|90,644|
||independent|Examination fee|||||840|840|
||Accruals||||||2,132|2,312|
||||||||118,436|93.796|
|9|Creditors: amounts<br>falling due atter more|||than|one year||2D23<br>E|2022f|
||Grants payable||||||82,000|72,500|
||||||||82,000|72,500|
|10|Analysis ofnet assets between funds||||||||
||Fund balances at 5April 2023are represented||||by:||||
|||||||Net cunsnt|Long tenn||
||||||investments|liabilities|liabilities|Total|
||||||E|E|E|E|
||Unresbtcted|income Funds|||||||
||Designated|funds<br>—investment|fund||1,385,882|||1,365,682|
||Unrestricted|general funds||||(90,032)|(82,000)|(172,032)|
||||||1,365,682|(90,032)|(82,DDD)|1,193,650|
||Fund balances at5April 2022||are represented|by:|||||
|||||||Net current|Long term||
||||||Investments|liabilities|liabilities|Total|
||||||E|E|f|E|
||Unrestrided|Income Funds|||||||
||Designated|funds - investment|fund||1,649.986|||1,649,966|
||Unrestricted|general funds||||(69,766)|(72,500)|(142,266)|
||||||1,649,966|(B9,766)|(72,500)|1,507,700|





## 

## 

## 

|Analysis of|Analysis of|charitable|funds - curre|nt year|||||
|---|---|---|---|---|---|---|---|---|
|Unrestricted||funds|||||||
||||Balance at 6|Income|Expenditure|Gains snd|Transfers|Balance at 5|
||||April 2022<br>E|f|E|losses<br>f|E|April 2023<br>f|
|General<br>fund|||(142,266)|54,297|(233,351)|60,983|68,325|(172,032)|
|Designated||fund-|||||||
|Investment|fund||1,549,966|||(215,959)|(88,325)|1,36S,682|
||||1,507,700|54,297|(233,3S1)|(134,996)||1,193,650|
|Analysis ofcharitable|||funds - prioi|year|||||
|Unmstricted||funds|||||||
||||Baktnce at6|Income|Expenditure|Gains and|Transfers|Balance at 5|
||||April 2021<br>E||E|lossesf|f|April 2022<br>f|
|General fund|||(132,925)|50,256|(127,719)|13,316||(142,266)|
|Designated||fund-|||||||
|Investment|fund||1,663,375|||41,395|(54,604)|1,649,966|
||||1,530,450|50,256|(127,719)|54,713||1,507,700|



## 

##