Charlty Registration No. 1100682 Company Reglslratlon No. 04419980 (England and Wales) GRACE HOUSE NORTH EAST ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
GRACE HOUSE NORTH EAST LEGAL AND ADMINISTRATIVE INFORMATION Trustees DABond S Briton Cllr K Chequer D J Hamblin N Henry H K S Hinshaw T A Mcslea V Milnes W Mustard V J Norman C E Miller Sècrotary C E Mi118r Charity number 1100682 Company number 04419980 Princlpal addr855 Berdolph Driv6 Soulhwick Sunderfad SR5 2DE Reglstered offlca D8b8re Llmlted Swallow Housg Parsons Road Washinglon Tyn@ and Wear NE37 1EZ Auditor Haines Watts North East AudSt LLP 17 Queens Lane New¢astle upon Tyne NE1 1RN
GRACE HOUSE NORTH EAST CONTENTS Pagè Trustees, report Independent audilovs report 9-11 statement of financial activitiès 12-13 BalBnce sheet 14 Statement of cash flows 15 Notes to the financial statements 16-30
GRACE HOUSE NORTH EAST TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2021 The trustees present their report and financial statements for th6 year ended 31 Mareh 2021. The financial slal8menls have be8n prepared in accordance with the accounting policies sel oul in note 1 10 the financlAI statement$ and comply th the char1tS governing document, the Companies Ad 2006 and 'Accounling and R8POrtlng by Charllies.. Statement of Recommènded Practice applS¢able to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in Ihe UK and Republic of Iréland IFRS 1021 leffeotive 1 January 20191" Objectives and actlvltles The charity Is ¢onsiiluled as a d)8rflable company limiled by guarantee and is governed by its Memorandum and Articles ofAssocialion. The objects of th8 charity as sel out in its Memorandum and Artid8s ofAssociation nclude.. Our Valuès Vision - Our vision Is of a fairer world for disabled children, young people and their families. Mission Our mission is lo support and Inspire disabled children, young people and their families to manage the challenges ol. gnd enjoy the benafits of, playing a ftjll part in society. Alm1 To bts the 'go-lo' or9anlsalion for disabled childran, young people and their families. By ensuring: A posilivo CLJllure within the charily That 8very contact is a positive experience We have an effective promotions plan to reach out lo famlll¢s needlng SUPPOTI To continuously improve thg quality and efficiency Of the services that w6 provide lo our children and thgir families Offer a range of specifically dtsslgned seNices In a fully adapted. welcoming buildlng for delivery Aim2 Improve resilience of disabled children, young people and famillas. By en5urlng'. We equip chlldren. young people and familles to deal wllh challenges We listen lo the children and famlly voice Deslgn services which support their needs To continuously improve the quality and efficiency of the services that wa provide lo our chlldren and their families To work wlh staff and volLJnteers to deliver excellent setvices though a commitment lo individual development Alm3 Not to have the scope of our ambitions limited by our availa1e funding. By ensuring.. Grace House has a mixed economy of Sncom8 based on.. fundraising. grant and contract and ènterprise income Grace House has a level of unreslricted inwme In compliance with Charity Commission recommendations Public benefit Th6 trustees have pald due gard to guidance Issuad by thè Charlty Commission in dodIng what activities the charity should undertake.
GRACE HOUSE NORTH EAST TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 Principal activltl8s The key lo our success will be maklng ftjll use of our purpose-buill facilities, having iha besl range of speclalisl equlpmenl, investing In a team of hlghly Commilled. well trained staff and volunteers, and having a positive attilude that anythlng Is possible. The charSty fulfils these aims and objectives by providing a range ol support semces lor disabled chEldren, young people and famllies. These semces arè dallvered from the purpose-buill facillty in Soulhwick, Sunderland and during the pandemic we have deliVed support remotely. A business plan Is b8lng daveloped for 2021-24. oulllnlng the proposed servlcas and how they will be funded. The maSn aclivilles that wlll be undortaken in relatlon to the charllablo puiposes are.. Short break care- both day carè 4nd ovemighl short brèaks; ané support lo enhance thls gxp8rfanc8 Who18 famlly support services Volunteers During the pandomic our volunteers have largely been unable to com6 Into Gr8ce Housg, but we have remained in regular contact holding zoom gatherings, whl¢h have included bingo, quizzes, craft activities and w& hav8 delivered cream laa traals. As re8lricllons began lo reduce. a volunle6r did help us in the gardens. Whon il is safe lo do so, our volunteers wll return to Glace Hous8. Achlevoments and performance Review of actlvltles Short break servlce Short break seThice collaboration belween Grace House and Sundedand Care and Support Limited ISCAS) has contlnuèd throughout the pandemic. Short Breaks had to reduce capacity for th8 first part of the year In order to deliver setvices safely and comply with Govemmanl restrictions. Once Placè. Your Space Our National Lottery Community Fund project aims lo cara for parent carars. The funding has enabled Grace House to offer parents of children with a complox disability the following.. Holisltc thgr8pies including- Massage. Reiki, Indian Head Massage. Reflexology. etc. Counselling- this now in¢lud88 counselling for disabled Children and siblings Support groups Infom)atlon Thls Project is now demonslraling real signs of growth and expansion, with f8milies giving us fantastic feedback on this project. as il supports their mental wellbeing. We are now supportlng over 300 families with this project. Chlldren In Need gardgning activitles Supported by funding from Children in N@ed we have a steering group of ¢hildren who decide what activities will take place. The children especially enjoy Ihe Forest area and there has been the addition of a mu($ kitchen this aclivily. During Ihe p8ndamic Children in Need also supported us lo reach out to these children who, due to the pandemic. were unable lo attend short breaks and we provided gardenino a¢tivi11os that they will be able to do at home, so they haven't missed out on their exptsriencts. Work experience FLJnded by Wellesley and William Leech Grace House has again offered work experi¢n¢e placements for disabled children Bnd young people. We have developed a virtual office with Grace House, so the young people have been abla to use their crg8llve skills developing posters. IT, pelly Cash, Word processing. typing letters and mlnules, elc. This has all been completed In Safe COVID conditions.
GRACE HOUSE NORTH EAST TRUSTEES. REPORT {INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 You Are Not Alone Funding by Nallonal Lollory Communlty Fund has continued throughout the pandemic to provld8 a v8rlety ol 8etivlt16s for parent carers, disabled children and the whole family. These have included.. yoga, zumba, journaling for wellbeing. mindfulness. gong baths, spa sessions and Magic Lou Lou. Musi¢ thgrapy was a partlcular success of this prolecl, wlth one to one sessions being provlded for young people, with families reporting some great feedback. The parent Carers who meet as Creative Cuppas locussed on a project called "Sewing for Sanity the participants created a banner with their inlerprelalion of the impact of COVID on their family. Youth Groups After a pause in delivery 81 the start of tha p8ndemi¢, youth groups have restarted with smaller nutnber5 to ensuré Ih8y ar8 compliant wSth Public Haalth Guid6lines. They have enjoyed a variety of activities induding leaming life skills such as cooking, washing up elc. They have also enjoyed creative activities and exercise. Funded by Sunderfand City Council and Ringlons. Famlly Support Funding from Garfield Weston has 811owed the project lo go from Strength lo strength with the numbers of referrals incr¢8sing on a monthly basis. Advlce is belng delivered remotely at the moment but when r8slrictions are lilted home visiting will restart. COVID support Funded by The National Lollery Community Fund, Children in Need, Community Foundation, CAF, Sund8dand Councll, County Dtjrham Community Foundation and NET. During the pandemic Grace House have boen fo¢usslng our gfforts on the impacl of famlly's mental health and how w6 could support during Ihis most challenging lime. The support we have offered have Included.. Actlvity packs lor disabled young people and children Podcasts Informallon about COVID Family counselling Mindfulness T818phone calls Addilional youth groups Family Nurturing Pllot Llght Funded by the Weston Foundallon,. this support h88 provided help lo Grace House to develop a 3 y8ar strategic plan, 8nd many other areas lo support thfj Charlty. Flnanclal revlew Income generated for the year Is £531,887 12020 £524,916) wlih expenditure belng £493,756 12020 £483,860) resulting in a surplus of £38.131 12020 £41,056), Ihis is after charging depreciation of £79,514 12020 £81,161). 01 the results generated for the year a surplus, after transfers, of £10.02812020 - £571 deficit) relates lo general unreslricted funds, a surplus of £55.32712020 - £68.720 defidtl relates to deslgnated funds and a deficit of £27,22412020- £110,347 $urplusl relales to reslrf¢ted funds.
GRACE HOUSE NORTH EAST TRUSTEES, REPORT {INCLUDING DIRECTORS. REPORT) {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 Résorves pollcy The charllablo company has a policy lo relain sufficient funds to ¢over admlnlslralion costs for the next slx months while raising 8ddilional funds towards the ¢harities objectivas. Al the end of the year. unrestricted free reserves {excluding designated funds) amounted lo £221,208 which is ovar th6 target sel of £215,000. Servl¢g8 are being developed whSch will have regard for ongoing funding streams available to the chaiity. Fundralslng The charity has continued to receive support from individuals, groups, communities and companies Ihroughout the pandemic and the trustees acknowledge with gratitude Ihg support received. Donatlons We are indebted to our friends, groups and the thousands of individual donors who have contin¢Jed to fundraiso and donate to (he charity in various ways throughout COVID. Events Community fundraising has always played such an important part of the Grace House development and despile the pandemic. efforts have still beèn made to maintain this type of fundraising induding a weèkly remote qulz. a Santa W81k, p81 show, blngo. horse ra¢lng night, etc. Corporatè fundraising Our thanks go lo Croner, HMS Anson. HLA, Ashbrooke Sports CILJb. Avenu8 Bullders, Sunderland Harriers, MacDonald Martin. hAargar8t Roso, WL Olsllllery, Anlseed Creative. Akrivis Wealth, The HR Depl. Redman Design, Wiser SourcAng Group, Elliott Westland and Richard Reed.
GRACE HOUSE NORTH EAST TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 Grants We ara also very grateful lo the following grant making trusts and oryanisalions who have very generously supported our requests for funding for equipment and projects lo enhance our seNice offer ASOA Alicla Bonp8rai Barbour The National Lottery Community Fund- Reaching Communities Fund The National Lollery Communily Fund -Awards for All Fund The Natlonal Lottery Community Fund-uplift Grant CAF Community Foundation Chlldren in Need including Booster grant Co-op Foundation Dickinson D'oyle Cart County Durham Community Foundation EDP Edward Gostllng CAF- COVID Northern Powergrid Hadrian Tnjst Jolcey Trust Joseph Strong Frazèr Jul8s Thorn Leeds Building Soc16ty Llnd8n F8mlly LEAF Riddell Wèarmouth Communlty Development Trust Legacy Fund The Hospital of God Sunderland City Council Garfield Weston Foundalion Wellesley We Rise Weston Awards Thanks, are also oxl¢nd8d to the many companies that support us through gifts in kind, these include HLA 8nd M8cDonald man. Investm8VIt polley The Charlty's policy for the investment of its lunds is to keep them in deposit. This policy is based on.. the need to 81iminale risk in relation to funds raised towards the Charity's objectives. and the need lo have funds readily avallable when required. The policy will be kept under review as the operations as Grace House develop. Rlsk management The Iruslees have assessed the major risks lo which Ihg charlly is èxposed, in particijlar those relaled to the operations and finances of the charity and ar8 satisfied that systems and procedures are in place lo mitigate our exposure lo the major rfsks. Golng fOard, the Iruslees are closely monitoring the occupancy levels of the Short break setvlce. to continually assess its financlal viablllly and Its place Sn the market. This Is potèntially vulnerable lo central govemm8nl soa81 and èeonomic policy, local government spending revi&ws and changing models of famlly support services.
GRACE HOUSE NORTH EAST TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 Covld-19 Impact ol Covid-19 prlor lo the announcement of lockdown by the Prfm8 Mlnbsler in March 2020, Grace House Trustees and staff w&re already Preparing themselves lo deal with the Smpact of COVID-19. Remole working was made possible from previous planning, so staff were able lo safely work from home. The CEO and other senior sl8ff made contact with each curienl grant funder to explain the changing position and what this Fllay mean for tho delivery of their projects. Grant funders have been vory responsive and very supportive glving reassurance to th& Charlly. Once lockdown was establlshed the staff started lo change project delivery styles Snlrodu¢ing zoom to parents and families as a way of dglivering support lo Ihem. Efforts we¥e made to ring every famlly connecl8d with Grace House and then maintain that eonlact throughout a very chall8nging ye8r. We were very proud that our Short Breaks seNlce man8g8d lo remain open Ihroughoul th8 (ylsls. supportlng f8mllies al a lime when they felt most vulnerable. Measures were introdud to ensure the safely Of the children and young people and staff. Additional grant fvnding has been made available and Grace House has had some success wllh appllcalions, which has meant we could Increase our delivery and some of the funding has helped with the sustaSnabllily of the charity. The downside lo this funding Is 11$ very short term. lastlng only 6 months. We are very aware of Ihls as a team and are looklng al ways lo address11. Other fundlng streams have been negatlvely Impacted, for instance our traditional communlty fundralslng and our corporate funding. We are unable to organisa 8Vtsllts which would nom)ally re on the public attending and national events such as the London Marathon and the Gieal North Run have both been cancelled. Corporately businesstss which would normally support us have furloughed staff and are working from home, our fundrslser ensured she remalned In touch with supporters, and Ihls has proved to be a good slrglegy as they have remalned connected to Grace House and are keen to support us as lo¢kdown and restrictions ease. Unfortunately, we hav&n'l been able to rent our training rooms out due to the pandemic and necessary reslriclions.. this has hatj an imp8¢1 on this comrnercial income bul as restrictions ease, we will look lo prornole these opportunities again. COVID-19 has presented Grace House with both challenges and opportunllies and we plan to approach both with the sam8 positive approach. After making appropriate enquiries. the trustees have a reasonable expectation that th& Charitable company has adequate rÈsourc8S to contnUe In operallonal existence for the foreseeable future. Plans for the future Our locus is lo enrich the lives of disabled ¢hild¥8n, young people and thèir laThilies. Other priorilies for the next year inolude launching a new website. ensure brand awareness. increase our fundraising capacity and ensure regular consullalion wlth families. structurei 9ov6rnance and management Constitutlon The charlly Is conslituled as a char5tabla ¢omp8ny limil6d by guarantee, govem6d by ils Mèmorandum and Articles of Associallon, and is a registered charity number 1100682. Overall rasponslbilily for the affairs of the charily rests wllh the board of trustees which makes all major Policy and financial decisions. Itnplem8nlation of policies and declslons are deleg8led to the Executive Offictsrwho Ilaises closely with the Chalrman of the Iruslees.
GRACE HOUSE NORTH EAST TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 Trustees Thts Iruslees, who are aSso the directors for the purpose of company law, and who seNed during the year and up to the dale of signature of th8 financial statements were.. OABond S Brlton Cllr K Chequer O J Hamblin N Henry H K S Hlnshaw T AM¢slea V Milnes W Mustard V J Nomian C E Mlller Method of appointm8nt, Inductlon and training of trustees New trustees are found from the Contacts and personal knowledge of existing trustees. The aim of the trustees in making appolnlm8nts 1$ to have a range of skills. Qualifications and èxp8rièncè sullgd lo 8ehi6ving the objectives ol the charity. On appointment trusletss are provided with copies of the Governan¢8 Handbook, Memorandum and Artidas of Association, th& most recent audited financial slalemenls and coples ol minules of iruslees. meetings. The experl8nce ol the persons appointed usually means that they have a good understanding of the responsibilities of a charity trustee. bul where necessary, guidance is provided by the Secretary. Relevant Chailty Commission publicatsons are also avallabl8 lo the trusl66s. Remuneration of staff Salary levels for the Chlaf Executive are revlewèd annu&lly by the board. in lin8 wlth markel rates for slmllar posillons. Partnerships Grace Hous8 North E8St currantly has no formal contractual ielallonshlps wlth partnor organlsalions other Ihan ¢onlraclual ralalionships with serviog suppliers, bul a contract with Sunderfand Care and Support (Holding Company) Limited is in development.
GRACE HOUSE NORTH EAST TRUSTEES, REPORT {INCLUDING DIRECTORS. REPORT) {CONTINUED FOR THE YEAR ENDED 31 MARCH 2021 ststoment of trustees. responslbllltles The Iruslees. who are also the directors of Grace House North East for the purpose of company law, are responsible for preparing the Trustees, Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards IUnil6d Klngdom Generally Accepted Accounting Praclicel. Company Law requlres Ihts Iruslees to prépare financial slè18ments for each financlal year whlch glve 8 true and falr view of the stale of affairs of the charity and of the incoming resources and application of resources, including the income and axpèndllure, ol the charitabltr MpanY for that year. In pieparing these finan¢Sal statements. the trijslees are required lo: select suiiabla accounting policiès and then apply them ¢onsislenlly'. observe the methods and prlnciples in (he Charflies SORP., make judgemènts and eslimatas that are reasonable and prudent- stale whether appllcable UK Accounllng Standards have been followèd, subject lo any m8tarial departures disclosed and explained in Ihe financial statements- and prepare Ihts ffinancial statemanls on the golng concern basis unless 11 is Inapproprlale lo presume that the charity will conlSnue in operatlon. The trustees are responsibla for keeping adequate accounting ro¢ords that disclose reasonable accuracy at any tlme th¢ financlal position of th8 charity and enablè them lo ensure Ihal the financial sla(6m&nls comply with the Companles Act 2006. They are 81so responsible for safeguarding the assets of the Charity and henca lor taking reasonable steps ft)r the prevention and daloclion of fraud ond othèr irregularities. Auditor Haines Watts were appolntod as the charitable Company's audltors lo act during Iha year 2021. Disclosure of infgrmatlon to audltor Each of the Iruslees has confirmed that there Is no Informallon of which they are aware which is relovanl lo the audit, bul of which the auditor is unaware. They have further Confirmed that they havo taken appropriat steps to Idtsntrfy such relevant infoimalion and lo astablSsh ihat the auditor IS 8ware of such infom)allon. These financial slal&menls have been prepared n accordance wllh the provisions applScable to companies SLJbjecl lo the small companie5 regime. The ee ' report was approved by the B08rd of Trustees. S Briton Truslae Dated..
GRACE HOUSE NORTH EAST INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF GRACE HOUSE NORTH EAST Oplnlort We have audlted the financbal sts18menls of Grace House North East (the 'charily'l for the year ended 31 March 2021 whSch comprise the slalemonl of financial activities, the balance sheet, the statement of cash flows and the notes lo the financial slalèm8nts, including significant accounting policies. The financial reporting framework that has been applled In their preparation Is applicable18w and United Klngdom Accounllng Standards, Includlng FRS 102 The Fin&ncial Reporting Standard applicable in the UK 8nd Republic of Ireland (United Kingdom Generally Accepted Accounting Praclicel. In our opinion. the financial statements: give a tru8 and fair view of the slate of lh8 charitablè companls affairs as at 31 March 2021 and of Ils incoming resources and app11¢8llon of resources. for the year then ended; have b&6n properfy prepared in 8ccardance with United Kingdom Generally Accepted Accounting Pracd¢e' and hava been prepared in accordance with the requirements of the Companies Act 2006. Basls for opinlon We conducted our audit In a¢¢ordance with International Standards on Auditing {UKI IISAS IUKII and appllcable law. Our responsSblllties under those standards are further dascrfbed In the Auditor's responsibilities for the audit of the financial siatemenls section of our report. We are independent of the charity in accordance with the ethical requirements that are 181evant to our audit of the financial slalemenls in the UK. including the FRC'S Ethical Standard, 8nd we have fulfilled our other ethical rèsponsibllltles In accordance with these requirernents, We b8lieve that the audll eviden we have obtained is suffidènt and appropriate lo provide a basis for our opinlon. Conclusions relatlng to golng concern In auditing the financial statements. we have concluded that th8 trustees, use of the going concem basis of accounting in Ihe preparation of the financi81 slalements Is appropriate. Based on the work w& have perfomied, we have not Identified any material uncertainties relating lo events or ndilions that. individually or collectively, may ¢ast significant doubt on the charity's ability lo continue as a going concern for a period of al least twelve months from when the finandal stslemenls are aulhorised for issue. Our responslbillties and the responsibilities of thg trustees rith respect to going concern are described the relevant sections of this report. However. not all future events or conditions c8n b8 predieled. The COVID-19 viral pandemic 1$ on6 of the most significant economic events for the UK with unprecedented levels of uncertainty of outcomes. It is therefore difficult lo evalu8t¢ all of the potential implication8 on the charltable company's activities, customers, suppliers 8nd wld&r economy. The Iwslees, view on the impact of COVID-19 is disclosed on pag8 6 and th8 accounting policies note 1.2. other Informatlon The other information comprises Ihe infomiation included in tho annual report other than the financial slalemenls 8nd our 2uditoVs report thereon. The Iru51ees are responsible for the other infortnalion contained within the annual report. Our opinion on th8 fln8nclal statements does not cover the olhÉr information and, except lo the exlenl olherwlsg axplicilly staled in our report, we do not express any form of assurance conclusion Ihereon. Our rèsponsibility is lo read the other information and, in doing so. consider whether tho tsthèr infomation Ss malerially incon8isltsnl with the financial statements or our knowledge ob¢ainad in th& course of the audit, or olherwlse appears lo ba materially misslaled. If we idenllfy such matèrial inconsistencies or apparent rn81erlal rn1551alements, we are required lo determine whether this gives rsse lo a material misslalemenl In Ihts flnanejal statements themselves. If, bastsd on the work we have perform8d, we ¢on¢lude Ihal there is a material misstalemenl of this olher inforrnation, we are requirad to raport that facl. We have nothing lo report thls reg8rd.
GRACE HOUSE NORTH EAST INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF GRACE HOUSE NORTH EAST Oplnlons on other matters prescrlbad by the Companles Act 2006 In our oplnlon, based on Ihe work undertaken in the course of our audit- the infomialion givon in the Iruslees, raport, which includes the directors, roport prepar&LI for the purposes of company law. for the fin8nclal year for which the fin8n¢lal $181emenls a prepared is ¢onsislÉnt wllh the financlal statements.. and the direotors, report incjuded within the trusteas, report has been prepared in accordance with applicable legal requirements. Matters on whlch we are required to report by exception In the light of the knowledge and understanding of the charily and Its envlronmenl obtalned in the course of the audit, we havè not identified rnalerial misstalèmanls in the directors. report included wllhin the trustees, report. Wè have nothing to report in respect of the followlng matters In rolalion lo which the Companies Act 2006 r6qtJlr6s us lo r8POrt lo you if. in our oplnS0n.' adtsquale accounting records have not been kept, or returns adeqvale for our audll have not been received from branches not visited by us., or the financial slalemenls Bre nol1n agwmenl wllh the accountlng records and returns,. or certain disclosures of Irusle88' rtsmuneration specified by law are not made- or we have not received a11 the information and explanations wa require lor our audit.. or the trustéès wère not enlilled to prepare thè finan1 slalernenls in accordance with tho small companies regime and lake advantag8 of the small companies, exèmptions In preparing the trustees, raport and from the requirement to prepare 8 strategic report. Responslbllltles of trustees As èxplained more lully in the statement of truslo&s' rosponsibililies. the trustees. who are also the directors ol the charity for the purposa (>f Company law, are responsible for tho prgparalion of the financial stalemenls and for belng 8atlsfied that they give a true and faSr vlew, and for such internal control as thè Iruslees determine is nesSary to en8blo the preparation of financial statements that are free from material misstatement, whtslher due lo fraud or error. In pieparing the financial slalements, Ihe Iruslees are responsible for assessing th¢ charity's ability to continue as a go1ng concern, disclosing, as applicabla. mallers re181ed lo going concern and using the golng ¢onc8rn basis ol accounting unless th8 trustees either intend lo liquidate the eharitabl8 company or lo cease operalions, or hav8 no realistic alternative but to do so. Auditor's responsibilities for thè audit of the financial statements Our objeclives are lo obtain reasonable assurance about whether the finan¢lal slalemtsnls as a whole are free from malerlal misslalement, whelher dLJe to fraud or error, and lo issue an auditorfs report that Indud88 our opSnlon. Reasonablo assurance is a high level of assurance bul is not a guarantee that an audit conducted In accordance with ISAS {UKI will always detect a material misslatemenl when il exists. Misstslements can arise from fraud or error and are considèred material if, individually or In the aggregatfy, they could reasonably be eKpe¢ted lo Influence the economic decisions of users taken On the basis of these financial statements. 10-
GRACE HOUSE NORTH EAST INDEPENDENT AUDITOR'S REPORT {CONTINUED) TO THE TRUSTEES OF GRACE HOUSE NORTH EAST Irregularilies, including fraud, are inslanca$ of non-¢ompllanca wllh 18ws and règulations. We design procedures In lin8 wllh our rasponsibllities. outlined above, lo d&lect material missialemenls in respect of irregularllles, including fraud. The extent lo which our procedures are capable of d8tecling IrgUlaritIes, induding fraud. is detalled below. We obtained an understanding of the legal and regulatory framework applicable lo both the company itself and the industry in which il operates. W6 Idenlifitsd areas of laws and regul8llon$ that ¢ould reasonably be expected lo have a materlal gffecl on the financlal statements from our seclor experience and through discussion wlth the direclors and othar management. The most significant were identified as th8 Charities Act 2011. Companies Acl 2006, UK GAAP IFRS102) and relevant lax18gisl8llon. W& consided the extent of compll8nc8 with Ihosgl8WS and regulallons as part of our procedures on the related Ilnanclal statements. Our audit procedures inrJud8d'. confirming with the directors and management whether they have any knowledge or susplcSon of fraud.. obtaining an understanding of the 1nlernal controls established lo miligale risks ielaled to fraud or non- ompliancè wFth laws and regulations., assessing the risk of management oveIde includlng idenlifwng and lesling a sample of journal entries.. challenging th8 a88umplions and ludg8mènts made by management In ils signlfl¢anl a¢¢ounling estifnates", reviewing minutes of meelings of those charged with governance., and reviewing the appropriateness of allocallon of funds. Ou¥ audit did not identify any key audit mallers relating lo the detection of irregularities including fraud. However, despite the audit being plann8d 8nd conducted it) accordance with ISAS IUKI there remains an unavoidabl6 risk that material misslalements in the financial statements may not be detected Ong to inherent Ilmltations of the audit, and that by Iheir very nature. any such instances of fraud or irregularity likely involve collusion, forgory, intentional misrepresentations, or the override of internal controls. A further description of our responsibilities is available on the Financlal Reporting Council's website al: htlps'.11 www.frc.org.ukl8udilorsresponsibllitl8s. This d8scription forms part of our auditor's report. Use of our report This report Is made solely lo the charitable company's members, as a body. in accordance wilh Chapter 3 of Part 16 01 the Companies Act 2006. Our audit work has been undertaken so that we might slate lo the charitable company's members those mall&rs w¢ are roquired lo slale lo them in an auditors, report and for no other purpose. To the fullest exlenl permilled by law. we do not accept or assume responsibility lo anyone other than the charitable company and the charllable ¢ompany's members as a body, fly our 8udll work, for Ihls report, or for the oplnlons we have formed. Glllian Benjamin A" IS&nlor Statutory Audltorl for and on behalf of Haines Watts North East Audit LLP Chartered Accountants Statutory Audltor 17 Queens Lane Newcastle upon Tyne NE1 1RN
GRACE HOUSE NORTH EAST STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2021 Currènt fin4n¢lal year Unrèstrl¢teil Unrestr5cted R&strleted funds funds funds general deslgnated 2021 2021 Total Total 2021 2021 2020 Notès Incom• and ents from: Donations and legacie6 Charitable activities Other trading activlllès Investments Other income 199,614 71,500 50,373 198,991 398.605 71.500 50.373 417,737 39,674 63,726 1.186 2,593 11,409 11,409 Total Income 332.896 198.991 531,887 524.916 Ralslng funds 33.069 33,069 44,625 Charitable activili&s 153,870 79,514 227,303 46Q,687 439,235 Total rèsour¢es expended 186,939 79,514 227,303 493.756 483,860 Nèl Incomlnglloutgolngl resources b¥fore transfers 145,957 179,5141 128.3121 38,131 41,056 Gross transfers between f(Jnds 1135,9291 134,841 1,088 Nèt incomellexpendlturel for tha yearl Nèt mov&ment In funds 10.028 55,327 (27,224} 38,131 41.056 Fund balances at 1 April 2020 211,180 3,115,349 141,818 3,468,347 3,427.291 Fund balances at 31 March 2021 221,208 3,170,676 114.594 3.506,478 3,468.347 The statem¢nl of financial activities indudes all galns and losses recognlsed In the yea¥. All Income and expen(Jllure eve from continuing activities. The slalement ol finandal activities also complies wlth the requlrements foi an Income ond exp8ndllure account under the Companies Acl 2006. 12-
GRACE HOUSE NORTH EAST STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2021 Prlor flnanclal year Unrestrlcted Unrestrlcted Restrlcted fund$ funds fund5 general dèslgnated 2020 2020 Total 2020 2020 Notes Income and endowme Donations gnd l&gaaes Charitable activities Other trading activities Investments Olhar Sncome 124.364 39.674 63.726 1,186 2.573 293.373 417.737 39.674 63.726 1,186 2.593 20 Total Income 231.523 293,393 524.916 Ex endlture on: Raising funds 44,625 44,625 Charitable acliwties 181,694 81,166 176,375 439,235 Total re$our¢&s éxpènded 226,319 81,166 176,375 483,860 Net incominglloutgolngl restsurces beforè transfèrs 5,204 181,1661 117,018 41,056 Gross transfers b8tWoen funds 15.7751 12.446 16.6711 Net Incomel{expendlturel for the yearl Net movement In funds 15711 {68.7201 110.347 41.056 Fund balance5 at 1 April 2019 211,751 3,184,069 31,471 3,427,291 Fund balances at 31 Mar¢h 2020 211.180 3,115,349 141.818 3,468.347 The slalemenl of financlal aelivllies indudes all gains and losses recognised in the year. All income and expenditure dertvo from conllnubng acllvilles. The slatement of financial activities also complies with Ihg requirem8nts for an income and èxp6ndilur& account under the Compan16s Act 2006. 13-
GRACE HOUSE NORTH EAST BALANCE SHEET AS AT 31 MARCH 2021 2021 2020 Notes Flxed assets Tangible assets 13 3,045,676 3,115.349 Currènt assets Debtors Cash al bank and in hand 14 107,939 392,943 112,882 273.346 500,882 386,228 Credltors: amounts falling due wlthln one year 15 {40,0801 133,2301 Nel current assets 460,802 352.998 Totsl assets less current Ilabllltles 3,506.478 3,468.347 Income funds R8slrl¢ted funds es 17 114.594 141,818 Designated funds General unrestricted ftjnds 18 3,170,676 221,208 3,115,349 211,180 3,391,884 3,326,529 3,506,478 3.468,347 These financial statements havg b8&n prepared in accordance with the provlsions appllcable lo companies sublecl to the small companies regime. The lal slal8menls were approved by the Trustees on S Briton Trustee Company Raglstratlon No. 04419980 14-
GRACE HOUSE NORTH EAST STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2021 2021 2020 Notès Cash flows from opèratlng actlvltlas Cash generated from operations 22 129,438 74.728 Investing aettvltlès Purchase of18nglble fixed assets Investment Income rtrctsived 19.8411 {12,446) 1.186 Nat cash usad In Investing activities 19,8411 (11,2601 Net cash used in flnancing actlvltles N•t Incr8as& In cash and cash equivalent5 119,597 63.468 Cash and cash equlvalenls at beglnning of year 273,346 209,878 Cash and cash equivalents at end of year 392.943 273.346 15-
GRACE HOUSE NORTH EAST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 Ac¢ountlng policies Charlty Infomjation Grace House North East Is a pdvale company Ilmlled by guarantee incorporated In England and Wales. The reglstered office is clo Debere Llmlled. Swallow House, Paisons Road. Washington, Tyne and Wear. NE37 1EZ. The Company is a company limited by guarantee. The members of the company are the Iruslees named on page 1. In the event of the company b8ing wound up, th¢ Ilabilily in respect ol the guarantee is limited 10 £1 per member of tha company. 1.1 Accounting convention The financlal statements have been prepared in accord8n with the Charities Act 2011, the Companies Act 2006 and "Accounting and Reporting by Charities.. St8lemenl of Recommended Pra¢tl¢e applicable lo charities preparing their accounts in aOrdance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective l January 20191" Th8 tharily is a Public Beneflt Entlly as deflned by FRS 102. The fin8neial 8ts1ements are prepared in sleding, vthich Is tho functtonal currency of the ¢harlty. Monetary amounts in these financial statements Bre rounded lo the nearest £. The linan¢i81 statements have been prepared under Ihe hlslorlcal cost convention. modified lo Include the revaluation of freehold properties and to include investment propertl8s and certain financial instruments al falr value. The prinapal ac¢ounling polides adopted are s81 out below. 1.2 Going Concern The financial statements have been prepared on a golng concsm basls. The trustees have revlewed and Considered relevant information, including the annual budget and future cash flows In making their assessment. In particular, In response to tho COVID-19 pandemic, the Iruslees have taken Into account the impact on theSr buslness of possible scenarios brought on by the impact of COVID-19, alongside the me85ures that they can take lo mitig8le the impact. Based on these assessments. given the measures that could be undertaken lo mitigate the current adverse condition5, and the current resources availab18, the trustees have concluded th81 they can continue to adopt the going concern basls prepa¥ing the annual r8POrt 8nd acc£Junts. 1.3 Charitable funds Unrestricted funds are available for use at th8 discTelN)n ol the Iruslees In furthèrance of their charflable objectives. Designated funds comprise funds whl¢h h8ve been sel asldè 81 th8 discrtstK)n of the trustees for specific purposes. The purposes and uses of the dèsignated funds are sfjt out Sn Ihe notes lo the fin8n¢l81 Slatemenls. Reslricled funds ars subject lo spedfio conditions by donors as lo how th$y may be used. The purposes and uses of the resirictèd funds are sel out in the no16s ¢0 the financial statements. 1.4 Income Income is recognlsed when the charlly Is legally enlilled to it after any performance condilions hav8 been mel, thfj amounts can be measured rellably. and il Is probable that income wlll be recèlved. Cash donations are recognSsed on recelpl. Other donations are recognised once the chality has been notified of the donation. unless performance nditionS require deferral of the amount. Income tax recoverable in relaOn to donations received under Glft Al¢J or deeds of covenant Is recognlsed al the time of the donation. 16
GRACE HOUSE NORTH EAST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 A¢¢ountinu pollcles {Cgntinu•dl Legacies are recognised on r8ceipl or otherwis¢ If the charity has been notified of an impending dlslribulion, the amount Is known, and reeeSpt is exp8Cted. If the amount is not known, the legacy Ss treated as a conllngenl asset. Gifts in kind don8led for dlslrfbullon are Included at valuallon end recognised as Income when they are distributed to the prolecls. Glfts donated for resale are induded as income when they are sold. Donated facilities are included al the value lo the company where this can be quantified and a third paty is baarlng the cost. No amounts are includèd in the financial statements for serwces donated by volunteers. Intèrest on funds held on deposit is included when reIvable and the amount can be maasurèd rellably by the company, this Is normally upon notification of the inlewsl paid or payable by the bank. Olh8r Income Is recognised in the year in whlch il Is recelvable and lo the extent th6 goods have been provided ol on completion of the s8rvlce. 1.5 Expendlture Expenditure is 3ccoun16d lor on an accruals basis and has been ino5uded under expense categories that aggregate all costs for allocation to activ¢ties. Where costs ¢8nnol be dlrectly attributed to p8rtl¢ular activities they have been allocated on a basls consislenl with the use of the reSoUrs. Costs of raSsing funds are costs incurred in attracting voluntary incomo, and those incurred in Iradlng activities that raise funds. All resouregs èxpènded are inclusive of irrecoverable VAT. Support costs are those cost$ Incurred directly in support of expenditure on the objects of the charity. Including those incurred in connection with the administration of th8 charily and compliance wllh eonslilulional and slalLilory requirements. 1.6 Tanglble flxèd 8SS8ts All assets costlng more the £500 are capitalised. Tangible fixed assets are initially m83surèd at cost and subseouenlly measured al cost o¥ valuation. net of depreciation and any impaimient losses. Depre¢i81Son Is recognlsed so as lo write off the cost or valuation of assets less Ihelr residual values over their useftsl lives on the following bases.. Leasehold land and buildings Fixtures & fillings Computer equipment Motor vehides Other spgcialist equipment 2,/0 slraighl line 15 /0 reducing balance 15% reducing balance 25% reducing balance 150/0 reducing balance The gain or loss arising on the dispos81 of an asset is determined as the difference between the sale proceeds and the carying value of Ihe asset, and is recognised in nel incomfjllexpfjndilurel for the year. 17
GRACE HOUSE NORTH EAST NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 Accountlng policies (Contlnuèdl 1.7 Impalrm&nt of flxed assets Al each reportlng end dale, the charity reviews the carrylng amounts of Sts tsngible assets to determlne whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in ordar lo d81ermine the extant of the irnpaimienl loss lil anyl. 1.8 Cash and cash equlvalènt$ Cash and cash equivalents include cash In hand, deposits held al call wilh banks, other short4erm liquid invèstments wth original malurilies of three months or less. and bank overdrafts. Bank overdrafts are shown wllhln borrowings in current Ilabllilies. 1.9 Fln8ncial instruments The charitable company onty has finandal assets and financial Ilabililies of a kind that qualtfy as basic finan¢ial instruments. Basic financial instrumènts are initially recognised al transaction value and subsequènlly measured al their selllement value with the exception ol bank loans which are subsequently measured at amortised Cost using (he effectivè Interest method. 1.10 Employee beneflt8 The cost of any unused holiday entill$menl is recognised in th8 period in which the employee's seNices aTe received. Termination benefits are recognlsed immediately as an expense when the charlly Is denM)nstrably commilled to terminal6 the 8mployment of an employee or to provid9 termination benefits. 1.11 Retiremènt bènefits Payments lo defined conlrfbulbon retlremenl benefit schemes are charged as an expens8 as they fall due. Crlllcal accounting estlmates and judgements In the applicatlon of the charity's accounllng policies. the truslees 8r8 required to make Sijdggmenls, estimates and assumptions about the carrying amount of assets and Ilabililles that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered lo be relevanl. Actual results may differ from these estimatès. The estimates and underlying assumpllons are reviewed on an ongoing basis. Revlsions lo accounting estimates are recognised in the period in whi¢h the estimate is revised where the revision affe¢ls only that period, or in the pèriod of the rewsion and future p&riods where the vIsion affects both cu¥rent and future pèrlods. 18-
GRACE HOUSE NORTH EAST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 Donations and lega¢le$ Unrestricted Restricted funds funds gèneral 2021 Total Unreslricled Restricted funds lunds general 2020 Total 2021 2021 2020 2020 Donations and gifts Legaryes rècelvable Grants Corporate SnsOrShIp Glfts in kind 110,423 75,000 110,423 75,000 198,991 14.191 89,050 42,624 131,674 198.991 4,500 8,814 22,000 250,749 255.249 8.814 22,000 14,191 199.614 198.991 398,605 124,364 293,373 417,737 Grants recelvable for core actlvitles New OPYS 2020-2024 Big Lottery - OPYS Children in Neèd CLLD Big Lottery - You are not alon8 CRT- Coalfields Regeneralion Trust Garfield We$ton Youth Club William Leech Nel Funding We11981ey Trust orrisons Foundallon Awards for all slaywelllogelher Lottery Fund Durham Resillence Enterpris6 Soclal Inveslmenl Charaties Aid Foundation Other < £5000 56,083 56.083 55,355 22.683 9,260 29.087 55,355 22,683 9.260 29,087 9.260 9,260 37,050 37,050 42,194 42.194 9,956 34,949 7,736 10,000 9.956 34.949 7,736 10.000 9,911 9,108 9,911 9,108 7,413 7,433 8.61Q 22.303 10,430 8,610 22,303 10,430 11,382 11.382 6.965 17,889 6,965 17.889 4,500 22,116 26,616 198,991 198,991 4.500 250,749 255,249 19
GRACE HOUSE NORTH EAST NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 Charitable activities Total 2021 Total 2020 SCAS income 71.500 39,674 Other tradlng actlvltles Unrestricted Unr&slrioted funds funds general general 2021 2020 Events Room hlre Shop income 14,480 35,635 258 27.985 34,247 1.494 50,373 63.726 Inv&slmants Total Unreslricled funds general 2020 2021 Interest receivable 1,186 other income Unrestrlcled Unreslricled Reslricled funds funds funds general general 2021 2020 Total 2020 2020 Other Income 11,409 2,573 20 2,593 -20-
GRACE HOUSE NORTH EAST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 Ralslng funds Unrestrlcted Unrestricted funds funds general gèn8ral 2021 2020 nd ubllci Staging fundraislng events 2,114 14,740 Tradln costs Other trading activities Staff costs 931 30,024 1.401 28.484 Trading costs 30,955 29,885 33,069 44.625 21
GRACE HOUSE NORTH EAST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 Charltsble actlvltlo$ Total 2021 Total 2020 Staff costs Depr8ciation and Smpairmenl Dlrecl costs Prernises costs 119,264 79,514 10,643 79,623 120,363 81,166 24,126 59,808 E li Insuran$ Motor expenses and Iravelling Office expenses Repairs Advartising and marketing Legal and professional fees Training costs Other costs 4,602 4,512 12,728 65,722 1,499 38,510 803 6,314 5,121 20,788 11,000 51,619 812 32.551 1.079 5,489 423,734 413.922 Share of support Sts (see note 10) Shar8 of governance cosls (see note 101 32,333 4,620 21,773 3.540 46Q,687 439,235 Analysls by fund Unreslricled funds- genoral Unreslrfcled funds- d8slgnalèd Restricted funds 153,870 79.514 227.303 181,694 81,166 176,375 460,687 439.235 10 Support costs Support Governance costs COSts 2021 Supwrt Governancts costs costs 2020 Staff cosis 32.333 32.333 21,773 21,773 Audlt fèès 4.620 4,620 3.540 3.540 32,333 4.620 36,953 21,773 3,540 25.313 Anolysgd between Chaiilable activities 32,333 4,620 36,953 21,773 3.540 25,313 Govemance costs IneJud65 payments lo the auditors of £4.62012020 - £3,540) for audit fees. -22-
GRACE HOUSE NORTH EAST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 11 Trustees None of the trustees {or any persons connected with Ihèml received any remuneration or benefits from the charity during th8 yèar. 12 Employees Thé average Month number of employees during the year was.. 2021 Number 2020 Numbar Adminislratson Fundraising Total Employment costs 2021 2020 Wages and salaries Social security costs Other pensSon costs 169,711 8.520 3.390 158.940 8.723 2.957 181,621 170,620 The trustees consider the Chief Executive and the Office & Finance Co-coordinator lo be the key management personnel for the charity. The aggreg8le remuneration (including 811 benefits) paid lo them during the year amounted to £63.954 {2020 - £70,290) There were no employees whose anntjal remuneration was £60.000 or more. 23-
GRACE HOUSE NORTH EAST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 MARCH 2021 14 Debtors 2021 2020 Amounts falllng due within one year: Trade debtors Other debtors Pr8P8ym8ftts and accrued income 5.636 77,700 24,603 4,244 38.143 70.495 107.939 112,882 15 Creditors: amounts falllng due within one year 2021 2020 Other taxatlon and social sgcurily Trade creditors Other credSlor8 Accruals and deferred income 2,985 22,336 1,313 13.446 3.761 18.597 10,872 40,080 33,230 16 Retlrement benefit schemes Defln&d contrlbutlon $¢hom&$ The charlly opeiates a defined contribution pension seheme for all qualifying employeos. The assets of the schome are held separately from those of the charity in an independonlly administered fund. The charge lo profil or loss in respect of defined contribution schemes was £3,39CI12020- £2,957). 25-
GRACE HOUSE NORTH EAST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 17 Restricted funds The incomg funds of the charily include restrieled funds comprislng the followino unexpended balances ol donauons and grants hèld on trust for specific purposes: Current y8ar Movamenl In funds Incomlng Resources raUl¢8$ expended Balance at 1 Aprll 2020 Transfers Balancè ai 31 Narch 2021 Counselling & reiki Iraining Gard6n Work experience Short breaks & f8mily act111@S Business development & sustainabilly Equlpmenl Youth groups Coronavirus suppcrt granls 48,457 2,040 13.815 62.388 56.083 9,280 17,718 56.764 11.382 151,889} 18.252) 120,246} 188,4301 111,382) 16,9991 15.419) 134,6861 52,651 3,048 11,287 31,810 1,088 7,413 7,705 414 4.816 10,568 2,S30 45.254 141,818 198,991 1227.3031 1,088 114,594 Prlor yaar Movemant In fund8 Incomlnu resour¢88 Balance at Reso¥r¢68 expendgd Tran8fer8 Balance at l Aprll 2020 l Aprll 2019 Counselling & relki Irainlng Garden Work experience Short breaks & family actlvitles Business devolopmenl & sustainabllly Equlpment YoLtth groups 5,823 4,315 8,636 2,248 10,449 93,496 11,271 19,956 116,163 37,358 7,413 7,736 152.8621 110,5981 114,1171 {53.7541 {47,0141 48,457 2,040 13,815 62.388 12,9491 16601 {2,2691 17931 7,413 7,705 1311 31,471 293,393 1178,3761 16.6711 141,818 -26-
GRACE HOUSE NORTH EAST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 17 Restrlcted funds Cont5nuedl CoLtnselling and reiki training the provision ol professional assistance and gLJidance in resolving personal or pgychologieal problems. Gardgn the garden in short breaks provides disabled children and young people wilh a variety of sale outdoor activities including a forest school, green house, poly tunnel and raised beds for growing v&g in. Work experlence provkling disabled young peopla wlth the work experien opportunllles In¢ludlng adrnin, reception and some gardening tasks whilst being supported by staff. Short breaks and fam51y actlvltles Family aclivilles - provldes safe whole family 8¢1ivill8s and parent ¢arer support groups which focus on either Creative or therapeutic activities including bowl and blle, Gong Baths, trips lo the Washington Wetlands and mindfulness sessions. Family Support - providing 8UPPOrt lo parent carers after Ihelr child's dlagnosis and help them ¥Mth the complex so(ial care system. VR Ftjnd providing an amazing experience for children Df all ages. giving them a ¢hance to go lo the moon or lo the deepesl octsan. Buslness development & suslalnablllty Enterprise Soclal Investment - business davalopm8n[ helping lo develop a business plan for a soft play and residential care. Equlpment- provides support to purchase and new bedroom hoisl. Youth Groups - providing disabled young people with an opportunity lo so¢ialise w7lh their peers and have fun. Coronavirus support - provides support such as telephone support, activity packs. nurtijrlng, Ihèraplgs including family counselling and mindfulness, elc. -27-
GRACE HOUSE NORTH EAST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 18 Deslgnated funds The income funds of the charity include the following design8led funds which have been sot as1d6 out of unrestricted funds by thè trustees for spacific purpos8s'. Curr•nt year MoveTnent funds Incomlng Re80ur¢ès r$$ourcos pended Balance at 1 Aprll 2020 Transfftrs Balance at 31 March 2021 Capital fund Devek)pment fund 3.115,349 79,514 9,841 3,045.676 125,000 125,000 3,115,349 79,514 134,841 3.170,676 prtoryear Mov•ment In fund8 In¢omlng Resource6 rosources oxpondod Balance at Aprll 2019 Tr8ll8forts 8alan¢e at 31 N8r¢h 2020 Capltsl fund 3,184.069 181.le61 12,446 3,115.349 3.184.069 181,1661 12,446 3,115.349 Captlal fund - equals the net b(K>k valuè of the capital assets. Development fund tha Iruslees are currently looking al poltsnlial new seNices for dlsabled children and young ppIe. This fund will assist in the development of these servlce8. .28-
GRACE HOUSE NORTH EAST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 19 Analysis of nèt assèts between funds Current year Unrestrlcted Deslgnated Restricted funds funds funds 2021 2021 2021 Total 2021 Fund balances al 31 March 2021 are ¥epresenled by-. Tangible assets Current asselsllliabilitiesl 3,045,676 125,000 3,045,676 460,802 221,208 114,594 221.208 3,170,676 114.594 3.506.478 Prlor year Unrestrfcted Deslgnaled Restrlcted funds funds fund$ 2020 2020 2020 Total 2020 Fund balances at 31 March 2020 are repsented by.. Tangible assets Curient asselsllliabilitiesl 3,115,349 3.115,349 352,998 211,180 141,818 211,180 3,115.349 141.818 3.468.347 20 Operating lease commStments Al the reporting end dale the charity had oulstarTrding commitm6nls for futura minimum lea58 payments under non-canc611able operating leases. which lall due as follows.. 2021 2020 Within on8 year 931 21 Related party transactlons There were no dls¢losable related party transactions during the year12020- none). -29-
GRACE HOUSE NORTH EAST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 22 Cash generated from op8ratlons 2021 2020 Surplus for the year 38,131 41.056 Adjustsnents for.. Invèstrnenl income recognised in slalemenl of financial activities Depreciation and impalrment of tangible fixed assets 11.1861 81.166 79,514 Movements Sn working capltal.. Dècr088ellincreasel in debtors Increaselldecreasel In ¢redSlors 4,943 6,850 139,1681 {7,1401 Cash generated from operatlons 129,438 74,728 23 Analysls of changes In net funds The charity had no debt during the year.