Registered number: 04419980 Registered charity number: 1100682 Grace House North East (A Company limited by guarantee) Trustees, Report and Flnanclal Statements For the year ended 31 March 2025
Grace House North East Contents for the year ended 31 March 2025 Page Details of the company Trustees, annual report 3tolO Independent auditoPs report Ilto 13 Statement of financial activities 14 Balance sheet 15 Statement of cash flows 16 Notes to the financial ststements l7to26 Page I
Grace House North East Detsils of the Company for the year ended 31 MArch 2025 Trustees Mr S Briton Mr N Henry Mrs C E Miller Cllr K Chequer Mrs W Mustard Mrs V J Norman (resigned 29 September 2024) Mr C Pretty Mr S W K Marriott-Dowding (appointed 16 September 2024) (Chair) (Vice Chair) (Treasurer) Company Secretary Mrs C E Miller Company registered number 04419980 Charity registered number 1100682 Registered office Bardolph Drive Southwick Sunderland SR5 2DE Auditors Glen C Rodger Limited Cragside House Heaton Road Newcastle upon Tyne NE61SE Page 2
Grace House North East Trustees, Annual Report for the year ended 31 March 2025 The trustees present their annual report together with the audited financial statements of Grace House North East (the charity) for the year ended 31 March 2025. The trustees ¢onfim that the annual report and financial statements of the company comply with the current statutory requirements, the requirements of the company's governing document and the provisions of the Ststement of Recommended Practice (SORP). applicable to Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). OBJECTIVES AND ACTIVITIES Policies and objeetives The charity is constituted as a charitable company limited by guarantee and is governed by its Memorandum and Articles of Association. The objects of the charity as set out in its Memorandum and Articles of Asso¢iation include: Our values Vision- Our vision is of a fairer world for disabled children, young people and their familie5. Mission - Our mission is to support and inspire disabled children, young people and their families to manage the challenges of, and enjoy the benefits of. playing a full part in society. Aiml To be the "go-to" organisation for disabled children, young people and their families by ensuring.. • A positive culture within the Charity: That every contact is a positive experience. We have an effective promotions plan to reach out to families needing support. To continuously improve the quality and etTiciency of the services that we provide to our children and their families. Offer a range of specifically designed services in a fully adapted, welcoming building for delivery. Aim2 Improve resilience of disabled children. young people and families by ensuring: We equip Children, young people and families to deal with challenges; We listen to the children and family voice; Design services which support their needs. To continuously improve the quality and efficiency of the services that we provide to our children and their families. and To work with stsff and volunteers to deliver excellent services though a commitment to individual development. Aim3 Not to have the scope of our ambitions to be limited by OUT funding available by ensuring.. . Grace House has a mixed economy of income based on fundraising. grant and contract and enterprise income. and . Grace House has a level of unrestricted income in compliance with Charity Commission recommendation5. Public benefit The trustees have had regard to the Charity ComTlli5sion's published guidance on their legal duty on Public Benefit, and due regard is paid to the guidance on public benefit when deciding on what new projects the charity should undertake, under the Charities Act 2011. Page 3
Grace House North East Trustees, Annu81 Report for the ye8r ended 31 Mareh 2025 Prineipal a¢ttvities The key to our SLtccess will be making full use of our purpose-built facilities, having the best range of specialist equipmenL investing in a tearn of highly committed. well-trained sthff and volunteers, and having a positive attitude that anything is possible. The charity lf]IS these aims and objectives by providing a range of support services for disabled children, young people and families. These services are delivered from the purpose-built facility in SouthwicK Sunderland. A business plan has been developed for 2024-27, outlining the proposed services and how they will be funded. The main activities that will be undertaken in relation to the charitable purpose5 are: . Whole family support services for those with a disabled child. Volunteers We have recruited new volunteers this year and these are disabled young people who have accessed our services and wish to remain connected to Grace House. they support with admin. reception and supporting youth groups. We have also recruited parent carers and they are sUPPOrting the parent carer support groups. The volunteers re¢ruited have also had opportunities to undertake training to enhance their volunteer experience and ensure they feel valued and have a closer connection to Grace House. ACHIEVEMENT AND PERFORMANCE Review of activities Respite Car¢ Conversations have been ongoing with organisations that would utilise the designated areas within Grdce House to provide 24-hour respite care. Once Place, Your Space Our National Lottery Reaching Communities Fund, which #ims to care for disabled children. young people, siblings and their parent carers. The funding has enabled Grace House to offer the following- Counselling- this now includes counselling for disabled children and siblings Holistic therapies including-Reiki training. This proje¢t continues lo show signs of growth and expansion. with families giving us positive feedback on this projecL as it supports both their mentsl wellbeing. Referrals for the project are coming from many partners including TFC, CYPS and Camhs. Additional funding for our counselling provision wa5 also provided by Links for Life- Sunderland City Council UKSPF, St James Place, VSA mental health service and Rothley. Page 4
Grace House North East Trustees, Annual Report for the year ended 31 March 2025 Work experience and life skills Funded by Irwin Mitchell, The Will Charitsble Trust and LEAF, Sunderland City Council Seeds of Potential. Grace House has again offered work experience placements for disabled children and young people. We have developed virtual office with Grace House. so the young people have been able to use their creative skills developing posters. IT, petty cash. word processing, typing lettet3 and minutes etc. We have also developed and continue to partnerships with Home Grown and ihe Sunniside Co-operative. Deigo's JoinL Clearly Drinks and Harrys gaming Shack which has enabled us to expand the opportunities we can offer the young people. In additional we also held our second Careers Fair in January 2025. this was a fantastic SUesS with many young people and their parents attending and also other partner organisations. You Are Not Alotte This programme of activities provides support to the parent carers and the whole family. The activities vary from weekly Yoga sessions to Gong Baths, Mindfulness, Journalling, Poetry sessions and Pottery. Outings to the local soft play which were specifically booked for the Grace House familie5. This was fitnded by Sir James Knott, Sunderland Culture - Space to Create Programme, National Lottery Sports England. Dads Support Group Spe¢ia115t groups are also provided for Dads and Lads: this was offered on a weekly basis. Funded by Kyn. Youth groups Grace House are now delivering weekly after School Youth Groups as well as providing provision to young people during the school holiday periods. The groups enjoy a variety of activities including cooking, podcasting, Dj'ing, various 8ames, arts & crafts and sports funded by Children in Need, Community Foundation - Cirton Parp / Linden, Youth Music, Banks Foundation and Co-op. Family support and nurturing This is going from strength to strength with the numbers of referrals increasing monthly, advice being delivered face to face either at a home visit or in Grace House. Funded by Postcode Lottery. Holiday activities At every end of tern). we provided free nutritious meals to those ¢hildren on Free School meals. with additional activities such as cookery classes and exercise. Funded by Sunderland City Council and The 1989 Willan Trust. Hardship vouchers Hardship Vouchers provided by Sunderland City Council were distributed by the Grn¢e House team to families requiring SUPPOrt. Page 5
Grace House North East Truste¢s' Annual Report for the year ended 31 Mareh 2025 C05t of living support ineluding advice sessions from Citizens Advice Grace House is working in partnership with the Citizen Advice to provide weekly sessions for parent carers to review their income, assist with fom filling and review utility bills. We also have a regular lunch club for disabled young people 18 plus where they can come in for a free home cooked food and we also distribute food hampers. Funded by Links for Life - UKSPF, Community Foundation Grassroots. Foundation, Hadrian Trust Soeial group This provides disabled young people 18 plus years with an opportunity to meet with their peers in a safe environment also enjoying activities such as going to the cinema and local areas of interest. they also learn how to cook and the benefits of healthy living including good personal hygiene. Holiday activities This provides disabled children and young people with opportunities to attend activities in the school holidays which are accessible, fi5n and affordable. The activities included things like Lego play, science experiments and animal education along with visits to soft play. Lunch bags are also given to the childn. We also held a Colour Run with lots of additional activities including bouncy castle. magi¢ show. animal petting zoo and a beat the goalie. This is fijnded by Sunderland City Council. Christmas Hamper6 Gentoo supported the distribution of Christmas hampers to families that were being supported by Grace House. FINANCIAL REVIEW Income generated for the year is £584,464 (2024 £724.631) with expenditure being £664,210 (2024 £807.034) resulting in a defi¢it of £79,746 (2024 - £82,403). this is after charging depreciation of £67,187 (2024 - £70.593), Of the results generated for the year a deficit of £120,551 (2024 - £23,910 deficit) relate5 to general unrestricted funds. a deficit of £122,542 (2024 - £69.932) relates to designated funds and a deficit of £77,755 (2024 £11,439) relates to restricted funds. The charity has continued to receive 5UPPOrt from individuals. groups. Communities and companies and the trustees acknowledge with gratitude the sUPPOrt received. To date the funds have still been raised, in the main, from the community through donations and participation in events, together with grants and corporate donations. Fundral$lng The Gharity has continued to receive support from individuals. groups, communities and companies throughout this year, and the trustees acknowledge with gratitude the support received. Grant received from the Greggs Foundation to support the role of a ¢harity fundraiser. Donatiofts We are indebted to groups and the thousands of individual donors who continue to fundraise and donate to the charity in so many even despite the cost of living Crisis. Page 6
Grace House North East Trustees, Annual Report for the year ended 31 March 2025 Events Community and Corporate fundraising have always played such an important part of the Grace House development and despite the challenge of the economic crisis we have been able to hold several events including a Golf Day, Grace House Ball. Race for Grace, Car Boot Sales, Christmas Fayre and many more. Corporate fundraising Our thanks go: . CMYK Richard Reed . SP Data Services Sunderland Empire • Team Valley Group - North-East Network TriPak . Fundraise and Re¢ycle . NE Networking Slater and Gordon . Envin Mitchell Ac¢ess Training Impro Media • Adept-cts Atom Technology Solutions Ecologic Partners . Woodstone Aggregates • FM4U Cooklaw Solicitors Clear Drinks Grants We are also very grate[ to the following grant making trusts and organisations who have very generously supported our rtquests for funding for equipment and projects to enhance our service offer: . The National Lottery Community Fund Children In Need small and large grants Cultural Spring- Space to Create programme UKSPF - Sunderland Council The Barbour Foundation Seeds of Potential Banks Foundation Edward Gostling Greggs Foundation • Coryop Sir James Knott Rothley . Gentoo . The National Lottery Sports England The Community Foundation, the umbrella organi5ation for: Local Environment Action-Grassroots Welfare Advice The 1989 Willian Charitable Trust Garfield Weston Page 7
Grace House North East Trustees, Annual Report for the year ended 31 March 2025 Reserv¢s policy The charitable company has a policy to r¢tain sufficient funds to cover administration costs for the next six months while raising additional funds towards the Charities objectives. At the end of the year, unrestricted free reserves (not tied up in fixed assets) amounted to £427,989 which 15 above the tsrget set of £250,000. Services being developed will have regard for ongoing funding streams available to the charity. Going concern After making appropriate enquiries, the trustees have a reasonable expectation that the charitsble company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern b1$ in preparing the financial statements. Investment policy The charity's policy for the investment of its funds is to keep them in deposit. This policy is based on.. the need to eliminate risk in relation to funds raised towards the Charity's objective4 and . the need to have fund5 readily available when required. The policy will be kept under review as the operations of Grace House develop. Plans for future periods Grace House conlinues to work to a three-year strategy, in the coming year we intend to develop paths to diversify our income streams and to assist the sustainability of the Charity. STRUCTURE, GOVERNANCE AND MANAGEMENT Constilution The charity is constituted as a charitable company limited by guarantee, governed by its Memorandum and Articles of Association, and is a registered charity number1100682. Overall responsibility for the affairs of the charity rests with the board of trustees which makes all major policy and financial decisions. Implementation of policies and de¢isions are delegated to the Executive Officer who liaises ¢105ely with th¢ Chainnan of the trustees. methi of appointingg induction and training of tru$t¢e$ New trustees are found from the contacts and personal knowledge of existing trustees. The aim of the trustees in making appointments is to have a range of skill& qualifications and experience suited to achieving the objectives of the charity. appointment trustees are provided with copies of the Governance Handbook, Memorandum and Articles of Association. the most recent audited financial statements and ¢opies of minutes of trustees, meetings. The experience of the persons appointed usually means that they have a good understanding of the responsibilities of a charity trustee, but where necessary, guidance is provided by the Secretary. Relevant Charity Commission publication5 are also available to the trustees. Page 8
Grace House North East Trustees, Annual Report for the year ended 31 March 2025 Remuneration of staff Salary levels for the Chief Executive are reviewed annually by the board, in line with market rates for similar positions. P9rtnerships Grace House North East currently has no fonnal contractual relationships With partner organisations Other ihan contractual relationships with service suppliers, but a Contract with Sunderland Care and Support (Holding Company) Limited is in development. This ended November 2023. Risk management The trustees have assessed the major risks to which the charity is exposed. in particular those related to the operations and finances of the charity and are satisfied that systems and procedures are in place to mitigate our exposure to the major risks. Going forward. the trustees are closely monitoring the occupancy levels of the short break service and the change to another provider. to continually assess its financial viability and its place in the market. This is potentially vulnerable to Central government social and economic policy, lo¢al govemment spending reviews and changing models of family support services. Page 9
Grace House North East Trustees, Annual Report ror the year ended 31 March 2025 STATEMENT OF TRUSTEE RESPONSIBILITIES The trustees (who are also directors of Grace House North East for the purposes of company law) are responsibl¢ for preparing the Trustees, Report and the financial statements in accordance with applicable law and Unit¢d Kingdom Accounting Standards (United Kin8dorn Generally Accepted Accounting Practice). Company law require5 the tSteeS to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of its incoming resources and application of resources, including the income and expenditure, of the charitsble company for that period. In prtparing those financial statements. the trustees are required to: select suitsble accounting policies and then apply them consistently. observe the methods and principles in the Charities SORP 2019 (FRS 102). make judgements and estimates that are reasonable and prudent. state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements. and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the statements comply with the requirements of the Companies Act 2006. They are also responsible for safeguarding the assets of the Gharitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees are responsible for the maintenance and integrity of the corporate and financial infomiation included on the charitsble company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. Disclosure of information to the Auditor In so far as each trusfre is aware: there is no relevant audit inforniation of which the charity's auditor is unaware. and that trustee ha5 taken all the steps that ought to have been taken as a trustees in order to be aware of any relevant audit infomation and to establish that the charitsble company's auditor is aware of that information. These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. This repo sapp ved by the trustees on 15 December 2025 and signed on their behalf by.. Mr S Briton Trustee Page 10
Independent Auditor's Report to the Members of Grace House North East for the year ended 31 March 2025 Opinion We have audited the financial statements of Grace House North East (the 'charitsble company,) for the year ended 31 March 2025 which comprise the Statement of Financial Activities, the Balance SheeL the Statement of Cash Flows and noles to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Stsndard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial ststements.. give a true and fair view of the state of the charitable company's affairs as at 31 Mawh 2025. and its incoming resources and application of resources, including its income and expenditure, for the year then ended. have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Pra¢ti¢e' and have been prepared in accordance with the requirements of the Companies Act 2006. Basis for opinion We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilitie5 for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard. and we have fulfilled our other ethical responsibilities in a¢¢ordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriale to provide a basis for our opinion. Conclusions relatlllg to going concern In auditing the financial ststements, we have concluded that the trustees, use of the going Concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have perfomled, we have not identified any material uncertainties relating to events or conditions that. individually or collectively, may cast significant doubt on the entity's ability to continue as a 80in8 concem for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees Wlth respect to going concern are described in the relevant sections of this reporL Other infomation The other inforniation comprises the infomation in¢luded in the annual port other than the fiDanGial statements and our auditor's report thereon. The trustees are responsible for the other infomiation contained within the annual port. Our opinion on the financial statsments does not cover the other infomiation and, except to the extent otherwise explicitly stated in our report. we do not express any fomi of assurance conclusion thereon. Our responsibility is to read the other infomiation and, in doing so, consider whether the other infomialion is materially inconsistent with the financial statements or our knowledge obtsined in the course of the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misststements, we are required to det¢rmine whether this gives rise to a material rnisststement in the financial statements themselve5. If, based on the work we have perfomied, we conclude that there is a material misstatement of this other infomation, we are required to report that fact. We have nothing to report in this regard. Pagell
Independent Auditor's Report to the Members of Grace House North East for the year ended 31 Mareh 2025 Opinions on other matters prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of the audit: the inforniation given in the trustees, report, which includes the directors, report prepared for company law purposes, for the financial year for which the financial statements are prepared is consistent with the financial statements. and the directors, report included within the tstee5, report has been prepared in accordance with applicable legal requirements. Matters on which we are required to report by exc¢ptlOO In the light of our knowledge and understanding of the charitable company and its environment obtained in the course of the audit. we have not identified material misstatements in the trustees, report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if. in our opinion.. adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us. or • the financial statements are not in agreement with the accounting records and retums. or certain disclosure5 of directors, remuneration specified by law are not made. or we have not received all the infomation and explanations we require for our audit- or the trustees were not entitled to prepare the financial statements in accordance with the small Companies, regime and take advantage of the small companies, exemptions in preparing the directors, report and from the requirement to prepare a strategic report. Respon$ibilitle$ of tru$t¢e$ As explained more fully in the trustees, responsibilities statement set out on page I l. the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a twe and fair view. and for such internal control as the trustees detemiine is necessary to enable the preparation of financial statements that are free from material misstatement. whether due to fraud or eOr. In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going Concern. disclosing, as applicable, matters related to going ¢on¢em and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations. or have no realistic alternative but to do so. Auditor's responsibilities for the audit of the financial statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatemenL whether due to fraud or error. and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS (UK) will always detect a material misstatement when it exists. Misstaternents can arise from fraud or eor and are Considered material if, individually or in the agggate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statement5. IegUlaritieS, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities. including fraud, is detailed below. Page 12
Independent Auditor's Report to the Members of Grace House North East for the year ended 31 March 2025 We obtained an understanding of the legal and regulatory frarnework applicable to both the charitable company itself and the industry in which it operates. We identified areas of laws and regulations that Could reasonably be expected to have a material effect on the financial statements frorn our sector experience and throu8h discussion with the dirKtors and other management. The most significant were identified as the Charities Act 2011, the Companies Act 2006, UK GAAP (FRS102) and relevant tax legislation. We considered the exlent of compliance with those laws and regulations &$ part of our pro¢edures on the related financial statements. Our audit procedures ftncluded: making enquires of trustees and management as to where they consider there to be a susceptibility to fraud and whether they have any knowledge or suspicion of fraud. obtsining an understanding of the internal controls established to mitigate risks related to fraud or noncompliance with laws and regulations. assessing the risk of management override including identifying and testing joumal entries. Confirmation received directly from the banks to verify the balance at 31 March 2025. Our audit did not identify any key audit matters relating to the detection of irregularitie5 including fraud. However, despite the audit being planned and conducted in a¢cordance with ISAS (UK) there remains an unavoidable risk that material mi55tatements in the financial statements may not be detectrd owing to inherent limitstions of the audit, and that by their very nature, any such instances of frdud or irregularity likely involve collusion, forgery. intentional misrepresentations. or the override of internal controls. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at- www. frc.org. uklauditorsresponsibilities. This description forn)s part of our auditorfs report. Use of our Report This report is made solely to the charitable company's members. as a body. in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work ha5 been undertaken so that we might state to the charitsble company's members those matters we are required to state to them in an auditovs report and for no other purpose. To the fullest extent pemiitted by law. we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this repor¢ or for the opinions we have fomied. omas Dufy (Senior Statutory Au for and on behalf of Glen C Rodger Limited, R¢gistered Auditors Cragside House Healon Road Newcastle upon Tyne NE6 ISE 15 December 2025 Page 13
Grace House North East ststement of Financial Activities (incorporating the Income and Expenditure Aeeouttt) for the year ended 31 March 2025 Unrestrieted fund$ R¢strfcted funds Design#ttd funds Total 2025 Totsl 2024 Not¢s Intome from: Incomin resources from Donations and lega¢ies Charitable activili¢s Other trading activities Other income Inv¢slm¢nts ncrated funds 202,716 9.760 47,294 48.506 21.691 202,716 262.823 47,294 49,940 21,691 121.422 515,189 54,914 15.200 17.906 253,063 1,434 Total income 329,967 253,063 584,464 724,631 Expenditure on: Costs of cnerati Costs of raising funds Charitable activities 53,340 212,865 ,145 329,673 54,485 609,725 60.057 746,977 10 67.187 Total expenditure 266,205 330.818 67.187 664.210 807,034 Net incomel{expenditure) before trAn$fers 63.762 (77,755) (65.753) {79.746) (82,403) Transfers between funds 56.789 (56,789) Net movement in funds 120.551 (77,755) (122,542) (79,746) (82.403) Re¢onciliation of funds Total fund brought forward 307,438 192.354 2.869,444 3,369,236 3,451.639 Total funds carried forward 427,989 114599 2 746,902 3,289,490 3,369 236 The noles onpages 17 10 26form parl ofihesefinancial slalemenls Page 14
Grace House North East B81anee Sheet As at 31 March 2025 Compony Number: IM419980 Notei 2025 2024 Fixed 855¢t$ Tangible ass¢ls Investm¢nls 16 17 2,746.902 307.372 2.819,444 215,729 3.054,274 3.035,173 Current assets Debtors C&sh at bank and in hand 18 108.709 157.008 160.257 240,170 265.717 400.427 Creditors: Amounts falling due within one y¢ar 19 (30.501) 166,364) NET CLIRRENT ASSETS 235,216 334.063 NET ASSETS 3,289,490 3,369,236 FiINDS Unrestrictd funds Designated funds Restricted funds 427.989 2.746,902 114,599 307,438 2.869,444 192,354 20 3,289.490 3,369.236 The financial slat¢rn¢nts were approved by the Board of Trustees on 15 tkcember 2025 and wer¢ signed on their FKhalf by.. Mrs C E Miller Trustee The noles onpages 17 10 26formparl ofihesefinancial slalemenls Page 15
Grace House North East Statement of Cash Flows As at 31 March 2025 Notes 2025 2024 Net ea$h flow from operating a¢tivities: Net cash provided by 0ratIng activities 24 (19,999) (91,545) Cash flowg from investing #etivitiey Int¢r¢sl received Payment5 to acquire tangible fixed assets Payments to acquire investments Procceds from sale of tangible fixed assets 21.691 17.906 {270) {106.774) 23.579 (91.643) 6,789 63.163 65.559 Change in ¢h and ¢ash tquivalents in the reporting period (83,162) (157,104) Cash and cash equivalents at the beginning of the period 240.170 397,274 Cash and Cash equivalent8 at the end of the perio 157.008 240.170 Cash ond e4$h tquivalents consl$t of: Cast at bank and in hand 157.008 240.170 Page 16
Grace House North East Notes to the FinAnciAI Ststements for the year ended 31 March 2025 l. Aceounting Policies Basi8 of preparation of the financi41 statements The financial statements have been prepared in accordance with Accounting and RertIng by Charities.. Statement of Recommended Practice applicable to charities pr¢paring their accounts in a¢¢ordance ivith the Financial Reporting Standard applicable in the UK and Republic of Ircland {FRS 102) issued in Octobcr 2019. the Financial RcportiTrg Standard applicable in the United Kingdom and Republic of Ireland (FRS 102}. the Charities Act 2011. the Companies Act 2006 and UK Gener811y Accepted Accounting Practice. Grace House North E&st meets the definition of a public benefit under FRS 102. The financial statements are prepared under th¢ hi5tori¢ai cost convention or transaction valuc unless otherwise stated in the relevant acwunting lIcY note(s). The financial slalements are prepared in Sterling which is ihe fun¢liona] ¢urrency of the charity and round to the nearest £. Th¢ si8nifi¢ant ac¢ounling poli¢ie5 applied in the pr¢p8ralion of these financial statem¢nls are set out below. Th¢s¢ policies have Ixen consistently applied to all years presented unless otherwise stated. Going concern After making appropriat¢ enquirie& the trustees have a reasonable ¢xkx¢tation that the company has adequate resources to continue in OFtrational cxistence for ihe foreseeable fulure. For this reason, they continue to adopt the going concern basis in preparing the financial statemenls. Fund gecounting General funds are unrestricted fund5 which are available for use at the disuetion of the trustees in furtherance of the general objectives of th¢ compgny and which have not been designated for oth¢r pur$¢S. Designated funds mpriSe unr¢stri¢led funds th have been sd ld¢ by the trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements. Restrict¢d funds are funds which are to be used in accordance with specific strICtl0nS imposed by donors which havc been rai5cd by the company for particular purposes. The Cost of raising and adrninistering su¢h funds are charged against the spccific fijnd. The im and use of each reslricted fvnd is set out in the notes to the financial stat¢menls. Income All income is recognised once the company h&s entitlement to th¢ incom¢, it is probable that th¢ incom¢ will be received 8nd the amount of income rcccivablc can bc measured reliably. For l¢ga¢ies: entiil¢meni is iak¢n as the eaTlicr of the date on which either: th¢ company is aware that probate has bccn granted. the estate has been finalised and notification has been mad¢ by ihe ex¢cutorfs) to the Trust thal & dislribulion will be rnad4 or when a distribution is re1Ved from the eslale. Receipt ora Icgacy? in whole or in part, is only considcred probable when the amount can be measured reliably and the company h&4 been notified of the executorfs intention to make a dislribulion. Where legacies have been notified lo the Company. or the company is awarc of the granting of probate, and the criteria for income recognition have not been met, then th¢ legacy is Ireated &5 a conlingent asset and disclosed if material. Gifts in kind donated for distribution are included at valuation and recognised as inwme when they are distributed to th¢ proj¢cts. Gifts donakd for r¢sal¢ are in¢lud¢d as income when they arc sold. Donated fa¢ililies are included at the value to the company whcre this catt be quantificd and a third party is bearing the WSL No amounts are includcd in the financial siat¢m¢nts for 5crvices donatcd by volunteers. Donated seTViC¢S or f1[111¢$, which cotnprisc donated services, are included in 5ncomc at a valuation which is an ¢stimatc of the rinancial cost borne by the donor where such a cost is quantifiable and m¢asurable. No income is recognised wh¢re there is no financial cost borne by a third party. Income t&x recoverable in relation to donation5 received under Gift Aid or deeds of cov¢nant is recognised at the time of the donation. Page 17
Grace House North East Notes to the Financial Statements for the year ended 31 March 2025 InteTCSt on funds held on deposit 15 included when r¢ceivabl¢ and the amount can be me&sured reliably by the company? this is nornia]ly upon notification of the interest paid or payable by the bank. Other income is recognised in the year in which it IS Teceivable and to the exlenl the Eoods have been provided or on completion of the servi¢¢. Expenditure Exp¢nditur¢ is ac¢ounled for on an accruals basis and has IKen included und¢r expense categories that aggregate all costs for allocation to a¢tiviti¢s. Wh¢r¢ costs cannot be directly attributcd to particular activities they have been allocated on a basis consist¢n¢ with the use of the resources. Support Costs are those costs incurred dir¢¢tly in support OF eApenditurc on the objects of the charity. including those incurred in nne¢lion with the administration ofthe charity and complianc¢ with ¢onstitutiona] and slaiutory requirements. Costs of raising funds are costs incurred in attracting voluntary in¢ome. and those incurred in trading activities that raise funds. All resources expended are inclusive of irrecoverable VAT. Tangible fixed Assets and depreciation All assets costing more Ih8n £500 ar¢ capitalised. Tangible fixed a5tS are caTried at cosL net of depreciation and any provision for impainnent. Depreciation is not ¢harg¢d on freehold land. Depreciation is provided at rates ¢al¢ulal¢d to writ¢ olT the cost of fixed asset l¢ss their ¢Stimad residual value, over their ¢xpe¢t¢d useful liv¢s on ih¢ following bases.. Long temi leasehold property Fixture5 and fittings Computer equipment Other fixed asscts 2Yo Strdight line 150/0 reducing balance 15 % reducing balance 150A redu¢ing ba18nc¢ Debtors Trade and other debtors are recognised at the settlement amount after any trade discount olTered. Prepa)qnents are valued at the amount prepaid net of any trade discounts due. Cash A¢ bank and in hand Cash at bank and cash in hand in¢lud¢s cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. Liabilitiey and provisions Liabilities are re¢ognised when th¢r¢ is an obligation at the balan¢¢ sheet date &5 a result of a past evenl. il is probable that a traftsfer of ¢¢onomi¢ ben¢fil will be required in s¢ttl¢m¢nt: and the amount of ihe settlement w be eslimai¢d reliably. Liabilities are re¢ognis¢d al the amount thai ih¢ ¢harity anti¢ipaies it will pay to settle the debt or the amount li has reIVed a5 advanced payments for th¢ goods or servi¢¢s it musl provide. Impairment of fixed a55ets A55ets not measured at fair value are rcviewed for any indication that th¢ ass¢1 may bc impaircd at each balance sheet date. If such indication exists, the recoverable amount of the &ss¢t, or the asset's ¢ash generating unit, is estimated and compared lo the Carrying amount. Wh¢re the c8nying amount exceeds ils reVerable amounL an impairment loss is recognised in profit or loss unless the asset is carried at a reva]ued amount where the irnpairn)¢nt loss is a revduation decre. Pensions The company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the company to the fund in respect of the year. Page 18
Grace House North East Notes to the Financial Statements for the year ended 31 March 2025 Finaneial instruments The ChItable company only h&s tinancial assets and finan¢ial liabilities of a kind that qualify as basic financial instruments. Basic financial instrumcnls are initially recognised al Iransaction value and subsequently measured at their settlement value wilh Ihe exception of bank loans which are subsequently measured & amorlised cosl using the effective interest Method. Criti¢al accounting estimates and areths of judgement Estimates and judgcmcnts are continually evalual¢d and 8re based on historical experience and other factor& including expectations of future events Ihal are believed lo be reasonable under ihe circumstances. The Trust¢es do not consider that ther¢ are any significant are&s of judgern¢nt or estimation required in the preparation of the financial statements. 2. Compony ststus The company is a company limitcd by guarantcc. The Mernir5 of the company are the trustecs named on page l. In the event of the company bcing wound up, the liability in respect of the guarantee is limited to £1 per membcr of the company. 3. Statement of financi41 &c¢iviti¢s for ¢h¢ prior year Unrestri£ted fund5 Re$tri¢ted fund$ Designated fundy TotAI 2024 Notes Income from: Incomi resources from Donations and Icgacics Charitable activities Othcr trading activities Other income Investments enerated funds 121.422 137.242 54.914 11.230 17,906 121,422 515.189 54.914 15,200 17,906 377.947 3.970 Total iDeome 342 714 377 947 724.631 Expenditur¢ on: eneratin funds Costs of raising funds Charitable activities 59,500 277,009 557 369,375 60,057 746,977 10 100.593 Total expenditure 336.509 369 932 100.593 807.034 Net incomel(expenditure) before transfers 6,205 8.015 (96.623) (82,403) Transfers between funds (30.1151 3,424 26,691 Net movement in fundg {23,910) 1,439 (69,932) (82,403) Reeonciliation of funds Total fund brought forward 331.348 180,915 2,939,376 3.451.639 Tota] fvnds carried fonvard 307.438 192,354 2 869 444 3,369,236 Page 19
Grace House North East Note$ to the Financial Statements for the year ended 31 March 2025 4. Donations and legAcie$ Ilnre$tricted funds Re8tricted fundy Total 2024 2025 Donations Corporate sponsorship LE8]es 197.998 4.718 197,998 4,718 12.615 51.440 57,367 202.716 202.716 121,422 Including within donations Shown above was £180.000 from The Edward G05Iing Foundation which was made to support the work of the charity without any restrictions upon the use of Ihe donated funds. S. CharitAble aetivities Unrestricted funds Restrieted funds Total 2025 Total 2024 SCAS income Grant in¢om¢ Communily aclivilies 70.844 420,378 23,967 3.515 6.245 253.063 256,578 6,245 253,063 262,823 515.189 Grant$ received during the period: 2025 2024 The National Lottery Community Fund- Reaching Communities Childr¢n in Need Sir James Knott Sunderland City Council Community foundation 1989 Willian Trust Togcther for Children Postcode NeighFM)UThood Trust Strategic Advice Services Youth Investment Fund The National Lottery Community Fund- Know Your NeighiUr Edward Gosling Big Lottery Fund oyps Garfield Wcsl¢rn Foundation Grcggs Iwrin Mitchell LLP Nation81 Found Youth Music Sports Eng18nd Community Fund Othcr < £5,000 13,331 37.112 6,849 i 0,000 9,411 11.232 42,888 50,087 9,970 13.194 25.000 18,260 87.630 89,963 10.000 13,125 19.095 43,219 32,463 20,000 20,000 19.906 14.054 9.112 5.678 22.434 22.943 256,578 420,378 Page 20
Grace House North East Iyotes to the FinAnci21 Statements for the year ended 31 March 2025 6. Other trading activities 2025 2024 Events Room hire Shop sales 35,323 11,971 21.369 32.339 1.206 47,294 54,914 7. Other ineome 2025 2024 Oth¢r income Gain on disposal of tangible fixed assets 48,506 1,434 11,230 3,970 49.940 15,200 8. Inve$tm¢nt in¢ome Thc charitable companys investmenl income arises from inter¢st on money held in infrresi bearing deposit accounts and ¢rU¢d interest on the Charity'5 investment portfolio. 9. Costs of rii$ing funds 2025 2024 Wages and sdaries Events 29,668 24.817 42,723 17,334 54,485 60.057 10. Expenditure on charitable aetivitlts Activities undertaken dire¢tly Support Costs Total 2025 Tot41 2024 Wages and Salaries Direct costs Premises costs Insurances Motor w)d trav¢1 expenses Office expenses Repairs Advertising and markcting t£gal and professional fees Training costs Depreciation Other wsls 193.714 46,982 53.210 3.598 620 13,333 85,518 16,325 70.922 124 67,187 19,237 35,355 229.069 46.982 53.210 3,598 620 13,333 85.518 16,325 74.522 124 67.187 19.237 279,652 54,201 68.792 6,898 3,975 13,207 173,827 4,681 51.802 675 70,593 18,674 3.600 570.770 38,955 609.725 746,977 Page21
Craee House North East Notes to the Finonei81 Statementg for the year ended 31 Mareh 2025 I l. Support costs 2025 2024 Salary costs 35,355 12. Govtrn4n¢¢ costs 2025 2024 Audit fee 3,600 13. Deprttiation 2025 2024 D¢pr¢cialion of tangible fixed assets owned by the charity 67,187 70.593 14. AuditOT'S rtmunergtion 2025 2024 Auditols r¢mun¢ralion 3.600 4,680 15. Staff costs Staff ¢osls were as follows.. 2025 2024 Wages and salaries Social sccurity costs Other pension costs 241,865 12,074 4,798 299,152 17.409 5.814 258,737 322.375 The average number of persons employed by the company during the year w&$ &8 follow5,' 2025 No 16 2024 Iyo 21 Administration Fundraising 17 22 No employee received remuneration amounting to mor¢ than £60.000 in either y¢ar. During the year. trustees re¢¢ived no remuneration or reimbursement of expcn5e5. The trustees consider the Chief Exe¢utive and the OtTicc & Finance Co-ordinator to be key m8nagem¢nl personnel for the charity. Th¢ aggregate remuneration (including all benefits) paid to them during the ye8r amounted to £58,512 (2024- £69,584). Page 22
Grace House North East Notes to the Finaneial Statements for the year ended 31 March 2025 16. Tangible fixed Assets Long term leasehold property Plant and machincry Total Cost At l April 2024 Additions Diskx>sals At 31 March 2025 3.247,029 227.273 3,474.302 10,572 216,701 10,572 3.463,730 3,247.029 Accumulated depr¢ci4tion At l April 2024 Charge for period Disposals At 31 March 2025 479,944 59,941 174.914 7,246 654.858 67.187 5.217 716,828 539 885 176,943 Net book valu¢ Ai 31 March 2025 2.707,144 2,767,085 39.758 52.359 2,746,902 2,819.444 Al 31 March 2024 17. Fixed IJ$et invejtmtnts 2025 2024 Fixed l¢rn) bonds 307.372 215,729 18. Debtorg 2025 2024 Trade debtors Prepayments and accrued income Other debtors 31,222 77,487 55.377 101.317 3,563 108.709 160 257 19. Creditors: amounts falling due within one year 2025 2024 Trade creditors Other l&x¢s and socia] se¢urity Other creditors Accruals and def¢rr¢d income 12,851 1,729 509 15,412 32,956 8,064 2,435 22,909 30.501 66,364 Page 23
Grace House North East Notes to the FinantiAI Statements for the year ended 31 March 2025 20. Statement of funds Brought fonvard Transfers inlout Carried foTW8rd For the ear ended 31 Mareh 2025 Income Expenditure UnrtStricted fund5 General fund Capital fund Maintenance fiujd 307,438 2.819,444 50,000 329.967 1,434 (266,205) (67.187) 56,789 (6.789) (50.000} 427.989 2,746,902 3,176,882 331,401 (333,392) 3,174,891 Rcstrict¢d funds Counselling & nSulta110n Work experience Short breaks & family activities Cost of living crisis Equipment Youth groups Futldraising support 56,632 37,096 97,659 19.906 4.068 53.925 (124,991) (49,385) 29,300 7,617 4.068 23.240 91,117 183 7,326 (121.802) {183) (32.953) {1.504) 57,505 20.000 31,878 18,496 192,354 253 063 (330,818 114599 Total funds 3,369,2J6 584,464 664,210 3,289.490 Brought forward Transfers inlout Carried fonvard For the ear ended 31 March 2024 Income Expenditure Ilnre$lri¢t¢d fvnds Getieral fund Capital nd Mainienance fund 331,348 2.909,376 30.000 342.714 3.970 (336,5091 (70,593) (30,000) (30.115) {23.309) 50.000 307,438 2.819,444 50,000 3.270.724 346.684 (437,102) (3,424) 3,176.882 Restricted funds Counselling & consultation GaTdening Work eyperience Short breaks & family activities Coronavirus 5UPPOrt grants Cost of living crisis Equipm¢nt Youih groups 56,964 84,030 9.882 10,489 8,732 (84,362) (9.882) {24.958) (M,614) (689) (51,220) 56.632 51,565 32.458 689 30,154 183 8.902 37.096 3.424 12,183 91,117 183 7,326 152.631 {154,207) 180,915 377.947 369.932 3,424 192.354 Total funds 3.451.639 724,631 807.034 3 369.236 The trdnsfcrs rclate to capitsl &55ets purch&sed, once th¢ assets are acquired these ar¢ transferred to the capital fund. In the Current ycar an amount has also been trsm5ferred to the ttewly crcated maintnance fund. 10 Set aside funds for the maintenance of the property. Page 24
Grace House North East Notes to the FinanciAI Statements for the year ended 31 March 2025 Counselling and tonsultatiOD: th¢ provision of professional assistance and guidance in resolving rSonal or psychological problems. Gardening." the garden in short breaks provides disabled children and young people wilh a variety of safe outdoor tiVitieS including & forest s¢hool, grccn house, poly iunnel and raised beds for growing vcg in. Work txperience". providing disabled young kxople with the work ¢xperience opportunili¢s including adrni reception and somc gardening tasks whilst being supported by staff. Short breaks and family aetivitiey: amily activitics- provides safe whole family a¢livilies and parent car¢r supp)rt gTOUPS which focus on either creative or therapeutic activities including bowl and bite, Gong baths, trips to Washington Wetland5 and MindlnesS sessions. Family support- providing support to parent carers after th¢ir Child's diagnosis and help them with the complex social carL' System VR Fund - providing an amazing experience for ¢hildren of all ages. giving them a change to go to the moon or to th¢ de¢pest ocean. Coronaviru5 SUPPOrt: provides SUPPOrt such as telephone supporL activity packs, nurturin& therapies including family counselling and mindfulness, etc. Business dev¢lopment & sust¥inability Enterprise Social Inv¢stment: business dev¢lopm¢nL helping to develop a business plan for a soft play and residential care. Equipment: provides support to purchase a new bedroom hoist Youth Groups: providing disabled young people with an opportunity to so¢iaiize with iheir peers and have n. Cost of Living Cri5lS: to help ta¢kl¢ the increase irt costs asso¢iat¢d with th¢ cost of living crisis. Fundraising support: kn help M'ith raising additional funding to support the charity. 21. Net &n8lysis of funds Unrestricted funds Restricted funds Designated funds Total funds For th 31 M rch 2025 Fixed assels Current ass¢igliabiliti¢5 307,372 120,617 2,746,902 3,054,274 235.216 114,599 427,989 114,599 2.746,902 3,289,490 Unrestricted fundy Restricted funds D¢$ignated funds Total fundg For tb 2024 rixed assets Current &ssetslliabilities 215,729 91,709 2,819.444 50,000 3.035,173 334,063 192,354 307.438 192,354 2,869,444 3 369.236 Page 25
Grace House North East Notes to the FiDancial Statements for the year ended 31 MArch 2025 22. Pension commitmcnts The company operates a defined contributions pension scheme. The assets of ihc scheme aTe held separately from those of the company in an independently administCTcd fund. The pension rost charge represents contributions payabl¢ by thc company to the fund and amounted io £4,865 (2024 - £5,814) of which £67 was recharged to third partics {2024 - £nill. Contributions totalling £510 (2024- £nil) were payable to the fund at the balance sheei dale and are included in creditors. 23. Related pArty tT*nsa£tion8 2025 2024 Debere Limited Mrs C E Miller, Trustee, is a director of Deb¢re Limited. During the period. software costs of £849 were recharged to the charity by Debere Limited and event sales of £50 were made to Dcbcre Limil¢d. Amount due from/(to) the related party 52 84 24. Reeonciliation of net ineDmel(¢xp¢nditure) to ntt eash flow from Operating activities 2025 2024 Operating (deficit)/surplus Investmenl income DeplatIOn of iangible fixed assets Profit on disposal of tangible fixcd assets (Increase) in debtors Increase in creditors (79,746) (21,691) 67.187 (1,434) 51,548 (35.863) (82.403) (17,906) 70,593 (3,970) {62,619) 4,760 Nel c&sh tlow from operdting activities 19.999 91.545 Page 26