| Reference and Administrative Details |
||
|---|---|---|
| Trustees' Report | 2 to 5 | |
| Independent Auditors' Report |
6 to 8 | |
| Statement of Financial Activities |
||
| Comparative Statement of Financial |
Activities | 10 |
| Balance Sheet | ||
| Notes to the Financial Statements | 12to 23 |
| Total | Total | |||||
|---|---|---|---|---|---|---|
| Note | Unrestricted 6 |
Restricted | Endowment 6 |
2022 E |
2021f | |
| Income and Endowments | from: | |||||
| Donations and legacies |
5,746 | 5,746 | ||||
| Investment income |
3 | 97,823 | 97,823 | 107,321 | ||
| Total Income | 97,823 | 5,746 | 103,569 | 107,321 | ||
| Expenditure on: |
||||||
| Raising funds Charitable activities |
4 5 |
(9,648) ~63.(07 |
(5.814) | (28,943) ~29.692) |
(38,591) ~98,6(3 |
(36,676) ~2(0,043 |
| Total Expenditure | ~72,755 | (5,814) | ~(58,635 | ~(37204 | ~(247,6(9 | |
| Gains/(losses) on investment assets |
~40,822 | ~(2),202 | ~(62,024 | 630,433 | ||
| Net | ||||||
| (expenditure)/income | (15,754) | (68) | (179,837) | (195,659) | 490,135 | |
| Gross transfers between |
||||||
| funds | 23,769 | ~(23.789 | ||||
| Net movement in funds |
8,015 | (68) | (203,606) | (195,659) | 490,135 | |
| Reconciliation offunds |
||||||
| Total funds brought | ||||||
| forward | (9,995) | 68 | 5,988,553 | 5,978,626 | 5,488,491 | |
| Total funds carried forward |
14 | ~(.980) | 5,784,947 | 5,782,967 | 5,978,626 |
| 31August 2 | 021 | |||||
|---|---|---|---|---|---|---|
| Total | ||||||
| Unrestricted | Restricted | Endowment | 2021 | |||
| Note | 6 | 6 | 6 | 6 | ||
| Income and Endowments | from: | |||||
| Investment income |
3 | 107,321 | 107,321 | |||
| Expenditure on: |
||||||
| Raising funds Charitable activities |
(9,169) ~187.370 |
(27,507) ~23.5731 |
(36,676) (210,943) |
|||
| Total expenditure | 190,539 | ~57,080 | ~247.~111 | |||
| Gains/(losses) on |
||||||
| investment assets |
45,026 | 585,407 | 630,433 | |||
| Net (expenditure)/income | (38,192) | 528,327 | 490,135 | |||
| Gross transfers between |
||||||
| funds | (2,765 | 2,765 | ||||
| Net movement in funds |
(40,957) | 531,092 | 490,135 | |||
| Reconciliation of |
funds | |||||
| Total funds brought | forward | 30,962 | 68 | 5,457,461 | 5,488,491 | |
| Total funds carried | forward | 14 | 9,995 | 68 | 5,988,553 | 5,978,626 |
| Balance | Sheet | as at 31August 2022 |
|||
|---|---|---|---|---|---|
| Note | 2022 f |
2021f | |||
| Fixed assets | |||||
| Investments | 10 | 5,686,019 | 5,887,154 | ||
| Current assets | |||||
| Debtors | 11 | 671 | 671 | ||
| Cash at bank and in hand | 12 | 150,224 | 195,264 | ||
| Creditors: | Amounts | falling due within one year | 13 | 150,895 ~53,947 |
195,935 (104,463) |
| Net current | assets | 96,948 | 91,472 | ||
| Net assets | 5,782,967 | 5,978,626 | |||
| Funds ofthe charity: | |||||
| Endowment | funds | 5,784,947 | 5,988,553 | ||
| Restricted | income funds | ||||
| Restricted funds | 68 | ||||
| Unrestricted Unrestricted |
income funds |
funds | ~11,959 | ~9.995 | |
| Total funds | 14 | 5,782,967 | 5,978,626 |
| Unrestricted | ||
|---|---|---|
| funds | Total | Total |
| General | 2022 | 2021 |
| 6 | 6 | |
| 97,823 | 97,823 | 107,321 |
| a) Investm | ent |
ma | nagement | co | sts | |||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Endowment | |||||||
| funds | funds | Total | ||||||
| General | Expendable | 2022 | ||||||
| Other investment | management | costs; | ||||||
| Amounts | payable | to investment | managers | 9,648 | 28,943 | 38,591 | ||
| 9,648 | 28,943 | 38,591 | ||||||
| Unrestricted | Endowment | |||||||
| funds | funds | Total | ||||||
| General | Expendable | 2021 | ||||||
| Other investment | management | costs; | ||||||
| Amounts | payable | to investment | managers | 9,169 | 27,507 | 36,676 | ||
| 9,169 | 27,507 | 36,676 |
| 5 Expend |
iture on charitab |
le activities |
|||
|---|---|---|---|---|---|
| Unrestricted | Endowment | Total | |||
| Fundf | Restricted f |
Fundf | 2022f | ||
| Charitable | Donations | 53,183 | 5,814 | 58,997 | |
| Support Costs | 9,924 | 29,692 | 39,616 | ||
| 63,107 | 5,814 | 29,692 | 98,613 | ||
| Unrestricted | Endowment | ||||
| funds | Restricted | funds | Total | ||
| General f |
fundsf | Expendable | 2021f | ||
| Charitable | Donations | 171,253 | 171,253 | ||
| Support Costs | 10,117 | 29,573 | 39,690 | ||
| 181,370 | 29,573 | 210,943 | |||
| Activity | Activity | ||||
| undertaken | support | Total | Total | ||
| directly f |
costsf | 2022f | 2021f | ||
| Charitable | donations | 58,997 | 58,997 | 171,253 | |
| Governance | Costs | 39,616 | 39,616 | 39,690 | |
| 58,997 | 39,616 | 98,613 | 210,943 |
| 2022 | |||||||
|---|---|---|---|---|---|---|---|
| 2,022 | 2021 | ||||||
| Grants to Institutions | 6 | E | |||||
| Primary Schools - Book | Packs | 2,473 | |||||
| Grange Park | 9,544 | ||||||
| Southmoor Academy |
2,005 | ||||||
| Dame Dorothy Primary |
School Alterations | 780 | |||||
| University of Sunderland |
Development | Trust Features | Fund Bursary | 20,000 | 20,000 | ||
| 7Colombo Road - Activities | 542 | 200 | |||||
| Willowfields Primary |
720 | ||||||
| Grangetown | 1,874 | 2,000 | |||||
| Gillas Lane | 644 | ||||||
| Hudson Road - Library |
2,000 | ||||||
| Dame Dorothy - Health | and | Wellbeing | Support Champion | 4,778 | |||
| Burnside School | 4,620 | 2,880 | |||||
| Barmston Village Primary |
School | 820 | 3,000 | ||||
| Sunderland Community |
Soup Kitchen | - Covid-19 | 10,000 | ||||
| Derwentside Trust |
10,000 | ||||||
| East Durham Community |
Development | Trust - Covid-19 | 10,000 | 10,000 | |||
| Villa Real | 6,356 | ||||||
| Durham Association of Boys |
and Girls | Clubs | 1,500 | ||||
| St Mark's Community Centre |
10,000 | ||||||
| Foundation of Light |
50,000 | ||||||
| Wear Rivers Trust | 234 | 16,795 | |||||
| Castletown Scout Group |
295 | 5,000 | |||||
| Sunderland Community |
Transport | 2,000 | |||||
| Stanhope Silver Band |
5,000 | ||||||
| Willow Hospice | 53 | ||||||
| Seaburn Dene |
1,150 | ||||||
| Willow Wood Community | Primary School | 6,278 | |||||
| Rainbow Trust | 3,000 | ||||||
| The Key | 2,682 | ||||||
| Grindon Church Community |
Project | 1,200 | |||||
| Asthma Relief |
4,940 | 53 | |||||
| Coats For Kids | 10,967 | ||||||
| STEAM Workshops | 2,000 | ||||||
| Sandhill Community Group |
7,199 | ||||||
| Reversal ofgrants previously |
awarded | (25,250) | |||||
| Total Grants | 58,997 | 171,253 |
| Support costs allocated to charitable | activities | |||||
|---|---|---|---|---|---|---|
| Governance | Total | Total | ||||
| costsf | 2022 | 2021 | ||||
| Audit fees | 4,200 | 4,200 | 4,080 | |||
| Taxfees | 90 | |||||
| Legal fees | 95 | 95 | ||||
| Trustee insurance | 952 | 952 | 949 | |||
| Subscriptions | 988 | 988 | 958 | |||
| Bank charges | 27 | 27 | 26 | |||
| Admin support costs |
27,120 | 27,120 | 27,120 | |||
| Bookeeping fees | 5,760 | 5,760 | 5,760 | |||
| Internet charges | 474 | 474 | 562 | |||
| Exchange rate variance |
145 | |||||
| 39,616 | 39,616 | 39,690 |
| 8 Auditors' remuneration |
||
|---|---|---|
| 2022f | 2021f | |
| Audit ofthe financial statements | 4,200 | 4,080 |
| Other fees to auditors | ||
| All other non-audit services |
5,760 | 5,760 |
| 2022f | 2021f |
|---|---|
| 5,686,019 | 5,887,154 |
| Other investments | ||
|---|---|---|
| Listed | ||
| investments f |
Total f |
|
| Cost or Valuation | ||
| At 1 September 2021 | 5,887,154 | 5,887,154 |
| Additions | 1,553,312 | 1,553,312 |
| Disposals Revaluation |
(1,633,245) ~727,202 |
(1,633,245) ~121,202 |
| At 31 August 2022 | 5,686,019 | 5,686,019 |
| Net book value | ||
| At 31 August 2022 | 5.686,019 | 5,686,019 |
| At 31 August 2021 | 5.887,154 | 5.887,154 |
| Historical cost of investments at year end was 84,762, The investments are made up as follows: |
129(2021:64,677,301) | |
|---|---|---|
| 2022 | 2021 | |
| 8 | ||
| UK Quoted Fixed Interest Securities | 1,080,791 | 1,020,000 |
| UK Quoted Shares | 2,729,527 | 2,736,421 |
| Non-UK Quoted Shares | 1,744,535 | 1,852,804 |
| Non UK Fixed interest | 131,166 | 277,929 |
| 5686 sf 9 | 5,887,154 |
| 11Debtors | |||||
|---|---|---|---|---|---|
| 2022f | 2021 6 |
||||
| Accrued income | 671 | 671 | |||
| 12Cash and cash equivalents | |||||
| 2022 | 2021 | ||||
| Cash at bank | 150,224 | 195,264 | |||
| 13Creditors: amounts | falling due within one year | ||||
| 2022 | 2021 | ||||
| 8 | |||||
| Trade creditors | 45,287 | 89,083 | |||
| Accruals | 8,660 | 15,380 | |||
| 53,947 | 104 | 463 |
| 14Funds | |||||||
|---|---|---|---|---|---|---|---|
| Balance | Balance | ||||||
| at 1 | Other | at 31 | |||||
| September | Incoming | Resources | recognised | August | |||
| 2021 | resources | expended | Transfers | gains/(tosses) | 2022 | ||
| 6 | 6 | 6 | 6 | ||||
| Unrestricted | funds | ||||||
| Genera! | (9,995) | 97,823 | (72,755) | 23,769 | (40,822) | (1,980) | |
| Restricted | funds | 68 | 5,746 | (5,814) | |||
| Endowment | funds | ||||||
| Expendable | ~58,635 | ~23,769 | ~121,202 | 5,784,947 | |||
| Total funds | 5,978,626 | 103,569 | ~137,204 | ~162,024 | 5,782,967 |
| Unrestricted | Endowment | Total funds | ||||
|---|---|---|---|---|---|---|
| funds | Restricted | funds | at 31August | |||
| General | funds | Expendable | 2022 | |||
| 6 | 6 | 6 | E | |||
| Fixed asset investments | 5,686,019 | 5,686,019 | ||||
| Current Current |
assets liabilities |
19,251 ~2(,23(( |
131,644 (32,716) |
150,895 ~(5394 |
,7 | |
| Total net assets | 1,980 | 5,784,947 | 5,782,967 | |||
| Unrestricted | Endowment | Total funds | ||||
| funds | Restricted | funds | at 31August | |||
| General | funds | Expendable | 2021 | |||
| E | 6 | 6 | ||||
| Fixed asset investments | 5,887,154 | 5,887,154 | ||||
| Current assets Current liabilities Total net assets |
6,898 ~(6,893 ~(9.995 |
68 | 188,969 ~(87,570 5,988,553 |
195,935 ~l04.463 5,978,626 |