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|||Page|
|---|---|---|
|Legal and Administrative|Information||
|Trustees'
Report||2-13|
|Independent
Examiner's|Report||
|Statement
of Financial Activities||15|
|Balance Sheet||16|
|Statement
of Cash Flows||17|
|Notes to the Financial Statements||18—29|
##
|Board ofTrustees|Board ofTrustees|Mr P Stout||(Chair)|
|---|---|---|---|---|
|||Mr M Mason||(Treasurer)|
|||Mr M F Bagnall|||
|||Mr TAdams|||
|||Mrs N Tullock|||
|||Ms EVasey|||
|||Mr D Hasselberth|||
|||Ms H Blair|||
|||Ms J C Golightly||(Resigned 24 March 2022)|
|||Ms K M Marshall|||
|Key management|||||
|Chief Executive Officer||Mr K Franks|||
|Office Manager||Mrs C Garrity|||
|Registered|Office|21 Liddell Terrace|||
|||Bensham|||
|||Gateshead|||
|||Tyne and Wear|||
|||NE8 1YN|||
|Independent|Examiners|Haines Watts|||
|||17Queens Lane|||
|||Newcastle
upon Tyne|||
|||NE1 1RN|||
|Bankers||Co-operative|Bank||
|||PO Box250|||
|||Delf House|||
|||Southway|||
|||Skelmersdale|||
|||WN8 6WT|||
|Solicitors||Muckle LLP|||
|||32 Gallowgate|||
|||Newcastle
upon Tyne|||
|||NE1 4BF|||
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||Trustees'
Report (continued)|||
|---|---|---|---|
||For the Year Ended 31 March 2022|||
||What support
activities have they been involved
in?|||
||~
Fortnightly
online sessions —youth voice.
~
National
Resource development
—to support
organisations
and professionals
to develop their|||
||understanding
of youth loneliness
and isolation, as well as exploring
ways to help young people begin|||
||to tackle it.|||
||~
Deveio
inga resourceforand
withvisual
im
air~ed
Vl
oun ~eo ie.|||
||What changes
have occurred through
their involvement
in the programme?
~
Since he has been a part of our sessions he has shown
an increase
in confidence
and engaged||more|
||in the activities.|||
||~
As he has got to know the team he felt more comfortable
meeting
us face toface to take part
in other|||
||~ro ects.|||
|I||||
|j|w is life different for them now?
~
He has always been part ofa number of different groups and is keen to show that even though
he is
visually
impaired
this does not stop him getting
involved.
Since being part ofthe youth voice sessions
he has become a member ofthe North East Youth Alliance —Youth Advisory
Board and is excited|||
||about this opportunity.
He will be working to ensure that young people are able to get involved||in a|
||range of useful ways which are relevant
and interesting
to them
but also importantly
meaningful;|||
||including:|||
||-A chance to engage
in regional projects|||
||- Opportunity
to have their voice heard|||
||- Develop personal
skills|||
||-A chance to connect with other Youth Voice Groups|||
||- Opportunity
to influence
youth services policies and programmes|||
||What has been the most significant change for them, and why is it significant?|||
||~
His involvement
has been beneficial for staff and other young people
in|expanding
their understanding||
||and confidence
to en a e with and work with Vl Youn~Peo
ie.|||
||Any other comments?
~
He is an amazing
young person who shows how being visually
impaired
things.
He will tell you what support
he needs and is keen to show you.
some ofthe equipment
he uses in school and how we can adopt these|doesn't
prevent
him doing
It was great to learn about
in a youth work setting.||
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|||Notes|General|Designated||Total|Total|
|---|---|---|---|---|---|---|---|
||||Unrestricted|Unrestricted|Restricted|Funds|Funds|
||||Funds|Funds|Funds|2022|2021|
||||E|E|E|F|E|
|Income from:||||||||
|Donations
and legacies|||1,352|||1,352|24,833|
|Charitable
activities|||94,391||762,777|857,168|567,935|
|Investment
income|||1,578|||1,578|2,678|
|Other trading
activities|||1,899|||1,899|112|
||||99,220||762,777|861,997|595,558|
|Expenditure
on:||||||||
|Charitable
activities|||22,322||745,684|768,006|554,101|
||||22,322||745,684|768,006|554,101|
|Net income/(expenditure)|||76,898||17,093|93,991|41,457|
|Transfers
between|funds|18|( 40,797 )|5,719|35,078|||
|Net movement
in|funds||36,101|5,719|52,171|93,991|41,457|
|Reconciliation
of|funds|||||||
|Total funds brought|forward||166,014|60,382|190,453|416,849|375,392|
|Total funds carried forward|||202,115|66,101|242,624|510,840|416,849|
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||||||2022|2021|
|---|---|---|---|---|---|---|
|||||Notes||F|
|Fixed assets|||||||
|Tangible assets||||13|14,236|5,298|
|Current assets|||||||
|Investments||||14|127,595|166,662|
|Debtors||||15|85,732|53,790|
|Cash at bank|in|hand|||305,823|222,635|
||||||519,150|443,087|
|Liabilities|||||||
|Creditors: amounts|||falling due||||
|within one year||||16|( 22,546 )|( 31,536 )|
|Net current|assets||||496,604|411,551|
|Net assets|||||510,840|416,849|
|Charity Funds|||||||
|Unrestricted|funds||||||
|General|fund||||202,115|166,014|
|Designated||funds|||66,101|60,382|
|Restricted funds|||||242,624|190,453|
|||||18|510,840|416,849|
##
|Statement ofCash Flows
For the Year Ended 31 Ma|rch|2022||||
|---|---|---|---|---|---|
||||Notes|2022|2021|
||||||F|
|Net cash flow from operating
activities:
Net cash provided by operating
activiti es|||22|56,402|47,823|
|Cash flow from investing
Interest received|activities|||1,578|2,678|
|Payments
to acquire tangible||fixed assets||( 13,859 )||
|Net cash flow from investing||activities||(12,281 )|2,678|
|Net increasel
in cash and|cash equivalents|||44,121|50,501|
|Cash and cash equivalents|at|the beginning|ofthe year|389,297|338,796|
|Cash and cash equivalents||at the end ofthe year||433,418|389,297|
|Cash and cash equivalents
Cash at bank and
in hand||consist of:||305,823|222,635|
|Short term investments||||127,595|166,662|
|||||433,418|389,297|
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|||Notes|General|Designated||Total|Total|
|---|---|---|---|---|---|---|---|
||||Unrestricted|Unrestricted|Restricted|Funds|Funds|
||||Funds|Funds|Funds|2021|2020|
||||F|E||||
|Income from:||||||||
|Donations
and legacies|||24,833|||24,833||
|Charitable
activities|||49,256||518,679|567,935|657,718|
|Investments|||2,678|||2,678|3,308|
|Other trading
activities|||112|||112|260|
||||76,879||518,679|595,558|661,286|
|Expenditure
on:||||||||
|Charitable
activities|||59,995||494,106|554,101|637,450|
||||59,995||494,106|554,101|637,450|
|Net income/(expenditure)|||'i6,884||24,573|41,457|23,836|
|Transfers
between|funds|18|2,576|3,819|( 6,395 )|||
|Net movement
in funds|||19,460|3,819|18,178|41,457|23,836|
|Reconciliation
offunds||||||||
|Total funds brought|forward||146,554|56,563|172,275|375,392|351,556|
|Total funds carried|forward||166,014|60,382|190,453|416,849|375,392|
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|5.
Incoming
from char|itable||acti|vities||||||
|---|---|---|---|---|---|---|---|---|---|
|||||||||2022|2021|
|National
Lottery Community|Fund|-|NE|Youth|Alliance|||196,852|192,484|
|Youth Endowment
Fund||||||||175,037|24,850|
|North Ormesby
Development|Fund|||||||34,344|14,310|
|Free Spaces Project||||||||7,100||
|Middlesbrough
Phil Foundation||||||||7,107||
|Community
Foundation||||||||9,996||
|Thorntree||||||||2,500||
|National
Lottery Community|Fund|—Youth Investment||||Fund|||1,799|
|National
Lottery Community|Fund|—Reaching|||Communities||||51,230|
|Co-op Foundation
Building Connections||||Fund:|Half A|World Away|||31,260|
|Co-op Foundation
Building Connections||||Fund:|National||Resources|31,165|66,667|
|Co-op Foundation
- Oiwill Community|||Spaces||Fund|||19,625|33,597|
|National
Youth Agency||||||||46,785|32,350|
|Centre for Youth Impact|||||||||12,800|
|Together Middlesbrough
&Cleveland|||—Feast||offun||||8,729|
|Sport England|||||||||9,350|
|Durham
Community
Foundation|||||||||9,800|
|Clothworks
Grant||||||||9,200||
|RSBC —Live Life Go Further||||||||8,502||
|Uplift Fund —National
Lottery|Community|||||||65,945||
|Innox Foundation||||||||25,000||
|Holiday Activity Fund||||||||20,966||
|Kickstart||||||||13,311||
|Virgin Money Foundation||||||||27,266||
|Astra Foundation||||||||32,984||
|Children
in Need||||||||21,522||
|Community
Renewal
Fund||||||||13,085||
|Paul Hamlyn||||||||30,000||
|Other||||||||58,876|78,709|
|||||||||857,168|567,935|
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|6.|Investment|Investment|income|income|income||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||||2022|2021|
||||||||||||E|E|
|Interest|receivable||||||||||1,578|2,678|
||||||||||||1,578|2,678|
|7.|Other trading|||activities|||||||||
||||||||||||2022|2021|
||||||||||||F||
|Fundraising||income|||||||||1,899|112|
||||||||||||1,899|112|
|8.|Expenditure||on||charitable||activities||||||
||||||||||Activities||||
||||||||||Undertaken|Support|Total|Total|
||||||||||Direct:ly|Costs|2022|2021|
||||||||||E||E|E|
|Staff costs|||||||||363,861|27,924|391,785|297,947|
|Direct project costs|||||||||296,128||296,128|186,557|
|Travel|||||||||8,433||8,433|2,917|
|Training|||||||||175||175|1,822|
|Communications|||||||||94||94|97|
|Premises|costs||||||||59,122||59,122|52,107|
|Depreciation|||||||||4,921||4,921|7,397|
|Audit and accountancy||||fees||||||2,880|2,880|2,880|
|Printing,|postage and||stationery||||||845||845|1,024|
|Other costs|||||||||3,623||3,623|1,353|
||||||||||737,202|30,804|768,006|554,101|
|9.
Allocation ofsupport costs|||||||||||||
||||||||||||2022|2021|
|||||||Basis of||allocation|||E|E|
|Staff costs||||||Allocation||oftime||27,924||25,684|
|Governance||costs (note|||10)|Invoiced|||||2,880|2,880|
|||||||||||30,804||28,564|
|10. Governance costs|||||||||||||
||||||||||||2022|2021|
|||||||||||||E|
|Independent||examiner's|||remuneration||||||2,880|2,880|
##
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|The total staf|f costs a|nd empl|oyee's
benefit|s was as follows:|||
|---|---|---|---|---|---|---|
||||||2022|2021|
|||||||E|
|Salaries and|wages||||353,240|270,059|
|Social security costs|||||26,144|17,735|
|Pension costs|||||12,401|10,153|
||||||391,785|297,947|
|The average|monthly|number|of employees|during the year was as follows:|||
||||||2022|2021|
||||||No.|No.|
|Direct|||||30|17|
|Support|||||3|3|
||||||33|20|
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|13.
Tang|ible fixed assets||||
|---|---|---|---|---|
||||Fixtures,||
|||Leasehold|Fittings &||
|||Improvements|Equipment|Total|
|||F|||
|Cost|||||
|At 1 April 2021||29,303|39,528|68,831|
|Additions|||13,859|13,859|
|At 31 March|2022|29,303|53,387|82,690|
|Depreciation|||||
|At 1 April 2021||28,083|35,450|63,533|
|Charge for the year||1,220|3,701|4,921|
|At 31 March|2022|29,303|39,151|68,454|
|Net book value|||||
|At 31 March|2022||14,236|14,236|
|At 31 March 2021||1,220|4,078|5,298|
|14.
Investments|||||
||||2022|2021|
||||E|E|
|Short term deposits|||127,595|166,662|
|15.
Debtors|||||
||||2022|2021|
|||||E|
|Trade debtors|||34,925|26,968|
|Other debtors|||3,148|2,239|
|Prepayments|and accrued income||47,659|24,583|
||||85,732|53,790|
##
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|16.
Creditors: am|ounts
falling due within one ye|ar||
|---|---|---|---|
|||2022|2021|
|Trade creditors||15,439|2,154|
|Other creditors||3,372|7,852|
|Accruals and deferred|income|3,735|21,530|
|||22,546|31,536|
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|18.
Movement
in|funds||||||
|---|---|---|---|---|---|---|
|For the
ear ended 31|March 2022||||||
|||At 1 April|Incoming|Outgoing||At 31 March|
|||2021|Resources|Resources|Transfers|2022|
|||E||E|||
|Unrestricted
funds:|||||||
|General funds||166,014|99,220|( 22,322 )|( 40,797 )|202,115|
|Designated
funds:|||||||
|Redundancy
fund||60,382|||5,719|66,101|
|Total unrestricted|funds|226,396|99,220|( 22,322 )|( 35,078 )|268,216|
|Restricted funds|||||||
|Infrastructure
Support||89,140|251,502|( 286,545 )|2,435|56,532|
|Direct Delivery - Gateshead||11,012|30,000|( 27,513 )|2,273|15,772|
|Direct Delivery —Middlesbrough||72,508|242,045|( 238,303 )|15,831|92,081|
|Direct Delivery —Regional||17,793|239,230|( 193,323 )|14,539|78,239|
|Total restricted funds||190,453|762,777|( 745,684 )|35,078|242,624|
|Total funds||416,849|861,997|( 768,006 )||510,840|
|For the
ear ended 31|March 2021||||||
|||At 1 April|Incoming|Outgoing|At 31 March||
|||2020|Resources|Resources|Transfers|2021|
|||F|F||E||
|Unrestricted
funds:|||||||
|General funds||146,554|76,879|( 59,995 )|2,576|166,014|
|Designated
funds:|||||||
|Redundancy
fund||56,563|||3,819|60,382|
|Total unrestricted|funds|203,117|76,879|( 59,995 )|6,395|226,396|
|Restricted funds|||||||
|Infrastructure
Support||10,814|319,422|( 241,096 )||89,140|
|Direct Delivery - Gateshead||10,826|31,260|( 31,074 )||11,012|
|Direct Delivery —Middlesbrough||111,487|159,495|(192,079 )|( 6,395 )|72,508|
|Direct Delivery —Regional||39,148|8,502|(29,857 )||17,793|
|Total restricted funds||172,275|518,679|( 494,106 )|( 6,395 )|190,453|
|Total funds||375,392|595,558|( 554,101 )||416,849|
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|19.
|Analysis ofnet assets between fun|ds||||
|---|---|---|---|---|---|
|For the|ear ended 31March 2022|General|Designated|Restricted|Total|
|||Funds|Funds|Funds|Funds|
||||E||E|
|Tangible|fixed assets|14,236|||14,236|
|Net current assets/(liabilities)||187,879|66,101|242,624|496,604|
|||202,115|66,101|242,624|510,840|
|For the|ear ended 31March 2021|General|Designated|Restricted|Total|
|||Funds|Funds|Funds|Funds|
|||E|E|f||
|Tangible|fixed assets|5,298|||5,298|
|Net current assets/(liabilities)||160,716|60,382|190,453|411,551|
|||166,014|60,382|190,453|416,849|
##
##
|||2022|2021|
|---|---|---|---|
|Within|one year|6,622|23,468|
|Interest|receivable||6,622|
|||6,622|30,090|
||||2022|2021|
|---|---|---|---|---|
|||||F|
|Net income for the|period||93,991|41,457|
|Adjustments
for:|||||
|Interest receivable|||(1,578 )|(2,678 )|
|Depreciation
oftangible fixed assets|||4,921|7,397|
|(Increase)/decrease|in debtors||( 31,942 )|(1,628 )|
|(Decrease)/increase|in creditors||( 8,990 )|3,275|
|Net cash flow from|operating|activities|56,402|47,823|