Addldlom Ilorth E•Jt 31 Janwry 2024
Trustees, ATrnual Report Audttor's Report Statement of Flnanckl Actlvltles 2to9 Ioto Summèry Income and Expendtture Account Balance Sheet 14 15 Statement of Cash Ihx5 Motes to the A{nts 16 17to23 Detslled Statement of Flnancthl Actlvltles 24to25 Pa8e I
Th•Tru•tM• pre•ent thelr annual rnport and lInalI1 •tatffiwnt• for tho y•ar •nd. 2023 . 2024 The finandal statom•nts havo been pyepared In acCOrdar wilh the accountry poIici8s set out in note1 to the financial Statern and ¢Jxnpty the 4arl goveming docu( the 2(Th arKI "AccnI7j aTKI Repor11 by Charlkn: Statement of Rocomnd8d Practice applicable to charth prnpwing their a(aUnts in acCcXda Financial Rewting stalard applicabl• In the UK and R•public of Ireland (FRS 102)" (effecive 1 January 2019). The obje(¥83 of ts charty are tr. a) To won¥Jte the wevenknn. r8ciyJnalon WKI treatsnert ol woblm related to the use ( (4 The wovislon of advlce. Inlomiakn. SUPPt a1 crnThellhw to such p8orA8, theirfamilies and carer5. The Fyovision af a range of holl8OG thera8 treatm sh as r•fflexoknw, (i) b) To womote such othor dwttalle purp0888 88 from tin• to tlmo be In furtheran ofth• ObJ•ctlvM but not othwvth th• Clwlty 1) To promots charitsbb services to a¢ldiL8 wilhin tho Countl05 of lrhaffl, Nortrwmberknd. Tyne & Wear arKI Ycrkshira. farnili8s and frwKIs. 3) To d•v180 and Prent m•asum to all8vlat8 pfft by developlng empknymerrt and 4) To provide athltss and for r•g)veriry ld 5) To introduce educatlonal )ponItieS to rne•t training rneds. 6) To encoLrage acJvlUe8 for •SJicts, the•• b•lThJ edacaI, reu•atbnal and rAAtural. 7) To draw, make. accepL wthrse, dlscoun( exeart• and1%8u8 prpmi880ry nots8. bM8, cheques and othw in8trLrnnts, and to name of tho chwlty.
8) To rai8e funds arnl to Invlte and re1ve contrlbulm: providfftg that In thé d)arfty shall not any substantsl peman•nt lrndirrfJ actsth and shall 9) To awilre, alter. hryove (sutyect to dh eon8ts as be required by law) to 10) SuLyect to dau8e 5 belowto employ 8uch aff. who sham not be DIrtOrS of the Charity (herewmfter referred to as'lhe Truste88ry, as are no6ary ft>r the pr pursuit of th8 objects and to make all r888onabl8 and ne¢xssary provislon for the payrmnt of pensiorA and syrannualion to staff and their deperK 11) To establlsh 8LWJrt any trusts, associatsS or institutsons fomwd for all I ofth8 oLy•d8. orffitsng in furtsrarTh ofts objects or simi tharitable purpo8e8 aThJ to exchange infofmalion and advic• with them. 13) To provldo In(knnlty SrAuMce to cover the liability of Trustees which by vir of any rule clknv would ol1w8 attach to them in rasped ofary negligen1, dofad( breach of trust or broach of duty of whlch they rfw be gtilty in rolatKin to the ¢harity: Providod that any sh insuranc• shall extend to ary clalm arlslng frc¥n any act or omlsslon the Trte•S knvw to b• a breach of trust or breach of thrty or which was commEtt•d by th• Truste88 In reckle8s disregwd to whthr It was a breach oftrust or br•ath of dlty or not aKI prOvId al80 that any such inirane shall not ext8TrJ to the co8ts of any un8ucceJsfvl (knfenm to a crImIr pro8Kulion brw agairffjt the Trte88 in thelr capacity u (tiroctorn oftr charfty. 14)To pay out olthe funds ofthe charity thè eo8ts, thrges and oxpen8a8 of ary iicidental to the fornialion aTrJ r•3istratlon of ts charity. 15) To do all such other lawful thiry as are nSSary forlhe achi8vwnent of the 16)Hav8 the pow. wbi8d to any con8Wrt rety#rqJ by Iw to boMoneY and to charge all or ary pt of th8 prnyty of ts Tw81 wilh repayfflt oftha Publlc benofft The TrLtee8 hav8 IHd regard tr) the Chwty CUnm.$ guida0 on thw legal duty on public befft and are 8ati8ffled that the Charlty delivw3 publc benèfft and pays due to the guidanr pubftc bfft Wh decidiNJ whlth n•w prciKts tho Charlty 8houkl undertake.
Achlw•merts and prfornMnc• Fundral8lng athll•s The Truths flYrth# ts Chwlty m81 the C¥)lects in its ¢tilU1 In ts yggr Core SeNice8- ANE a MSX of knDVWI' h)u8es and 8h•ed occupan(ae8 (no than thre8 p per house). We continue to cbBeM a grthvlrKJ treTrJ of inc¥eased appliGbns frorn OurwallirvJ list continues to high the added placem8nts. Ow •xrrer waknng 1st has 22 mon arNI 18 femal88 urg• $88king resideal wvic6s from OL at the strrt8 of won'8' HrAMlng SOTViC68 With#i tho Nrth East RwJi¢X. As wrt of our therwC savicas vrn havo b88n u8irvJ a rarye of ab1rranca dlbeh Nthork (OCN) at ThM• and FrAr. All Lwr staff arKI volunkns have c¥mpll thmo ccrn In 8Jdition to tho othw ¢• •15 in our Ttrno Four (knp. in9 to cthryl8te Iheir Lov•1 3 Conmnunlty W011n9 WKeslii> courses and 2 irrto four ty of ckca 10 In Dach 1 tho 8UFWt of Athicts(3 UK aN8 to offer Co811rYJ to dl8nt8 Coun8elbr and Psythira a lown of our ¢ywn paid staff aThJ cthjnselllng Studwts. this sthem• has proved to Inviw• powlar and 8ucce86ful, and It18 hOd that tN8 programme Can enlarged next year.
At tho comm•ncam•nl ol our Flnandal Year {February 2023 to January 2024, ANE Cufrenty opwate from three houses in Seaham- One hou80 acts as a trdnlng centre aTh used every day as a Tralnlng wilh a full pYcvJramme of training l therawjtsc and Recovery sessions booked in ten hoLYS w day. AnDthw ht)use seNlce8 a8 a bBse for all our aff and voluntws wlth facilitses for small m8allrq8 to te hdd wlth T se u8eA& Our thlrd house is used for 8ervlr¥ m8als (Full knal(fa8ts and Lunches) and for hobjlng grot4) and one- to- ono meetlTrJs. Becaw of tha high number8 grow we havo booked more fa(iths fvé days p8rwk at the Dawdon Youth •KI C(XnMty Centre. Our Tfu8tse8 are aware that becau80 of tho Owth kn thwapwtic and TO81 seaThl rW FYemm8 to convert I lea8• for the lollowlng fiscal ar at 1 {a) Lyhtlwe Vkn, Spectrum Busln8ss ParK Sthham. fomr houses, whlch wore uaed as Our Stair and V Our TruBtees are gralefvl to our 8t8ff for thdr hard work and dilWK• durirvJ the last fixal yw. Wa hav8 adoptsd a pollcy of'Grow our own &aff grw. we have wnploy•d all of our star tima and part time, Inttl•tlvtskir¥J staff memb•rn being appDinbd. All of our staff have enthu8lastically rtrked on their acuediknl trainlng ¢xw888- includlng appr8nticosh8. fx4ktatOf8. W811)eing aNJ wport aff, caterers inalntenanca wr8onrnl. Hothilly, in tlme, our voluntaW8 VAII b• wdl p•d to s•cwe remunw*ivo wnployrnnt by galning 8ud) ugeful
Prlnclpal fundlng •ourea• The Tntee5. objective is to ra18e a8 mww funds as is reasonably pceslble to finan the Charws acdvfti•safKlto meot Its re8eM8 p)licy. That ctycthew8S met for the year with fvnds being railed fram the followlng Sources: H(A1ft9 Bonofft Inc(rn £ 1,124062 Other FwKlrnlilng Acdvldes £4714 £ 29.582 Th8 net incoming resourw for the pwtod amour8d to a surplus of £9,7Ce (2023: £121,037. The amount attrlbuthle to merves stands at £393,943 (202&' £384.235) of which £21,875 (2U23: £NIL) are TrstrKted. RM•rvM polky In accordance with the Charity Commlssioners guidanc& ts Trustees ara requwed to hold a rasarves lIcY based on a mli8tsc estimation of r88eM requlrements. Raserv8s r8prasent those resourcas whith can be made availablo to spd On all oxnmitrnents and planned expondllure hav• be met. Reserv88 are Spent at the dknelion of the TN8t688 arKI In the furtrance rA the Charity8 alms ar Th018vèl of re•8rves hold, as docthd ty th•Tnths,18 tyual tothe valuo ofc mnth of runnlrq costs. Th• Trusta88 will s•d( to expand this amount ov•r th• CLYnirvJ years. The reserves poli will be rev[ed by the Trustees at ts annual audit rneetirg. Free e5 at the yaar4nd amount to £153,.{XI. Plamfor futurn prfods Folltrwire 51gnlficant grvth as 8 Chwlty, the Tru8te8s and 88nior rnanagwrKnt team recogni88d the need for a systemic rnviaw and a revwd strategy. In the c¢mlro year a number of acliviti86 will take placa lo provide a n•w strategy for Charity over the c4xnlre fNe years and any nec•ssary Struc, WorurnI. or other chaNJ•s to take *c•. This will al80 uxAlder our financial red$ and the best
mthod8 to sustain the organlsatlon and Its geNlces. We look forward to movlng into our Mv premi886 next fi8cal Yr. Having all our 8ervSce8 under one roof bo effocfve, tt wlll gnhance and Improve tha quallty of our work seNk• uw8- both re8klftI•l and within the communlty. We ara COnltt to wothlrw in p8rtsw8h¥> wilh all our frwds and slakthoklers from the prate, public and third 88(ors for vthich we are gratefvl their halp and a83istsrKe. Our indude develoFMng an ANE Wrn's Recovery Hub, a C¢)mmunity Café. aTKI athjitsal Pk>using stod( to help r8ce una•blo waitlrvJ Ilsts Consideraoon wlll bo given for the Charity to rryl8tsr as a provider of 80cial Iwslng wrth tho R89ulator of S(wl Hou8ilVJ. Fwtsr expanslon to our abstinent based reo)very housng to 0th8r areas of the North of England. Thls servK Nn in porall81 our therapoutic Day to daymanagm•nt Ov•r tho last y•ar tho offKw8 re•pOm ts the day4CMday Manffjemt Th8 Charty 18 a compary limlt•d by guarant••. as d•finod ty the Companles Act Thetruste88. who are also the dirBth forthe purpoee of company law, who serd duriry the year and upto the date of the 8kJnalure of ts financial Frank Nlcol•on appolnted 27.07.2021 Jane Bryce Vlcker4 appOInt 27.072021 laln llIaM Kay appolnt•d 31.102020 Ellzab•th Bam•B appolnted 2&09.2019 Charlott• Ellzabath Lllloy appolntsd 19.09.2019 Anthony Davld W•l•h appolntod 0&012016 Trte85 are rtrAppolntsd to or romoved from tho board by membw8 of ts Charlty at the annual general meotirg arKI are responsible for the 8tratsglc govornarK• of the Charlty. They do not r8cive ary rwnun8rakn and off8rthelr 8ervlce8 voluntsrily. Eath Trustse brlngs hIer 8pedfic 8klllB and experlenca for the benefft of the
Charlty, and. onawlntmenL nthvTrust•a8ar•ablelo meetwlththechWExtiv8 arKI b[neSS pr(K•s. A prLKdure Is in placo for •Jvislng r Tru•t••8 about Ir •xpert•d rdes arKJ re8pon8lbllttlo8, Indthjlng refwerTh to the Charlty Conmiissiorfs Tr Es88ntlal Tru8ted guhtsnc. Day.to4ay manapment and d•cl8lon4naklng Th•offKrn responslN• for the dt0 managwnont ofthe Charity dwlng Mawor. Dedslon-makJrvJ regarding matters 8u¢h as materlal eynthturé. delegated to the Execukn t•trn, overall $tratsw are reNed to tha Tru8t•O8. Key management remuwalkn 18 reVivd annty and nomialty Increa with avwage mIng8. Th• Trustso's b•nchmark ij ts mi&polnt raThJ8 paid for comparabl8 rokns In Charltkns of a similar slze. The Charfty ncl have ary 6ut¢lth&ieB aThJ thore no 1105 that we parts8. DurfrrfJ y•ar. Iwo anployeej clth? Charity u)nne(l to a avj by the Chartrf Crnission. TheTru8teés have aduty to id8nbfy and lovthe Ti8k8to whk the CPority Slgnlftc•nt •v•Rts There were no significant financial tsw•nts during th? y•ar. Tho tnMtee8. who are a180 Ihe ¢Sfector8 of Addictions Noth Eastfcr the purp088 of c(xnpwry Iw, are rn8pon8kn1e for parIng th8 Trust••s' R•port and the finandal statermnts In aco)rdan¢x wlth appllcable law and Unlted Kkngdom A£cn11n9 Standards (United Ifjngd Gelwrnlly Aptsd Acc4wnting Practic). Company Law r•quirns ts trus to prepare financial statemts foreach
finandal yearwhlth glve a tru•andfalrvlw ofth• ats ofthirnofthe tharlty a1 of ts Incomlng r880urcts aNI appllcatlM of re8, indudirKJ th8 incwie and expenditure of the charitable company tr that yw. In preparfng Ihe8e ffflandal statern, ts tnJ8ts88 are t . 88lect &iiable accoLmtirYJ pollcles and apply c•. any rnater1 d•pa dlsdLYad and oxplalned in ts finandal •tst8m8rt' arKI .wepar• the ffinoncial statamerts on the L¥Jkng conrAm ba818 unlBSS it 18 inapprowlate to lh the diarlty IMII cortiiu• In rwabon. with rea8orHbl8 acouracy at any th• financial pcdul rfthe tharty and thwn to eTwre that th? financial statwnert8 cunpty thè Cryaths AL*2Cth. TW are also responslble for 8af&3uardlng thea88ets ofthe tharty and hencefor a8 auditor of ts comp8ny wlll be wt at a G8twal rIg. Dlsclo•urn of Infornmllon to audltor Each eAth8 trustees ha8 confimwl that thwe ig no infornkn ofwhich Itv ¥8 aware which is reknnt to tho aLKliL but of which the audltor18 unaware. They hwo further confimied that It have tsken approprAta st8PS to Identify such relevant Infomialon and to 88tabll8h thal the auditrff Is aware of 8uch Infomwtkn.
AUDITORSREPORTTOTHETRUSTE&SOFADDICTIONSNORTHUSTFOR THEYEARENDED 3114NUAAY 2024 Oplftlon Wé have 8uditsd thefinancIaLateM ot AdthctlM• North EaBt (the charlf011hOyl ondod 31 Januory2024whlch COmthe 81atement of finRnC1atacVftle3,tha balonce ¥lt. Iho 81•t•montof Ca8hllws arKI not88to thellnoncl818t8tem8nty Inciudlng8lWthlc8nt 8ccounilnB pollcl8& Thafknanclal report11mrkthat hi8 b88n apPld Inthelr woperallon18 oppllcabie law ond Unfte41 Klngdom Accountlng Stsndard8. IncludkngRn8ncl81 Rep(XIlStd0rd 102Th0 nancIal Repstd&nl applFcabts In tha UK and Re1¢ oflrnland (Unlted Wom GenwJltyAccWdknnIlng Practlce). In our 0plnlL. theflnanclaijtatemonts". qlve a true&xlf8kvlowofthe 8tato 01th8ch8rlW8allB118 88 at31 January20248rn1 of Its Incomlng le81¢e5 and 8ppUc8tlon of rn8ourco4for theffjrth end8d: havg been prop8rtyprnpAr&l In acrden¢0 vAth Unlted Klngdom GoneiyAcC?PI8dACC0UfflI Prnctk&' 8rKI hwe bean preparnd In acCoanc0w1th tharequlr8An8rrt8 oflh• ChaFIUe8 kt2011. •l•foroplnlon Wa Gonductad our •Jdlt In Accixdonca vthh Intomthnal SlandaTdB on Audftln8 ILIQ (M¥ (UK)) appC8ble Iv4T. reoponÈlbAttle8 under thos• Str6 arg fiHther deBcrfbed In th8 Audltor we•ponslbllltl88 forthe audlt of thafingnclalatements aectlon of ourioPDrt. We 81ndep•ndt ot th• In ocGordanc• wlth tho othlrAI rgqulrnr7Mtsthat we rnlth•nt to ouraudll ofthe knn&d8tat•m811ts In tho UK, Inciudlng tha FRC Ethlcal Standord, and hav• lullllicAI our othw ethlcAI rggpon8lblUtlg8 In •C¢danceIlhthQafj r•qUlr•m•nWebou•thtth•audt8%1d•n¢0h0¢1x1ln0d hwMaleirtwKI •pproprlAt•to provlde a b19 fof our oplrfon. Conolu•loM rnl•lIrytoWcoCWn In audStylha tlnAndd 8tatsmert& we hove Ihotthe trust8o1' ofth8 8olryc¢Jncwn b9818 af accowrtlnglntho pr•paAtI( olth•llnancl8l 8latsments18apwowlat& Baled th8rk¥4W hm porfomd. hwo not Idenllllgd m41orfal Lmcwlalntle8ralatlngto avants or condltlon8 thaL lndmdujY or ¢cAtgctt¥dy may 008t awfficanr dcAth on Iho * aNllty to ¢(wktlnu¢ •t • goln8concgmforo perkxl Lrfat leA•tl¥Mi monthifnxnvthen the IlnJrKIaI8ta¢arnWthryIWdft Our rnJponoltAiit108 and the re8ponsMtle8 of tho tru8teeBwlth re8PaCttogoI concam are deKrlb8d In tho ro18Wrt iactlorn ofthl8 report. Th8 0th8r Infomiatlon eonylw the IrtmlOn Inciudod In th8 an81 T8POrt otlw thon ts Ilnarnkni eiatsmits and our audltorf8 report Tho Iruotse8 arn rnJpon81bi• for tho 0th8T Infon( Conta wlthln tho annual rnport. Ir oplnlon on the flnancld statements doM nc¢ covw tho other InfoTmatlon and do not 8KpresB anyfonn of U8Burnnce concluslonther8on. Our re1p111èto read the other InloTn 8rKI. In dokn8 con¢or whrfh•rlho other Inform1(18 matr{ty incon8lstent w5th thoilnarLlal•tatsm•nts or )w knty%l•d8• olalnod In tho ¢ourn• ol thg audl. or oth•NA88 APPOarn to b• m188t8t. V w• #lontlfy 8uch matwthl InCon8ncl0tt ty apparent mrkorlal ml8St8tement& we are rewlTed to deternTh9 whether thls Ovoj rfse to a m#t¢rlal mlJ•t•t•fflant In tha financlal gtstemants th•n8•iv8s. K. baB•d on the w)rttw• hm porfom)•d, w• Cond1• that th•re 1$ • matsrfal mlsstatsmortofthl$ ollw Inft>rmatlon. wa 8r• reWrBd to report ttwtfact. We hw8 nothlngio Teport Inthl8 ro88rd.
AUDITOR5 REPOATTOTHE TRUSTEESOFADDicnoNSNOR7H EASTFOR THEYEARENDED M•¢l•Trw arn rnqulr•d to r•wt ty•xoWlon We hav• nothlng to rgpon In respoct otthe follwuty matters kn relatlon to whlch th• Ch4rflle8 Wccounts and Reports) R•guLaUons 2008 requlr8 U8to reporttoyou If. In ow oplnlon: the Inlormatlon tyen In the Iln•ncW 8t8tsments l¥ Incon81st8rrt In ary matsrlftl rn8POCt vAth tho Iru&taO8' roport: or fficl8nt accounUn8 record6 hwd not been knpL or tho flnanclolgtatsmgnts arn not In Yath the accounllng r8cord8: or not recelvod ailthe In1m#10n8nd explanatIons requlre for our 8udlL RO•PIblUll oltni•tM• AB Wned mora fully In th? atatement rftNth8B' r88pw¢8lbll[tl the truthgl arB reapSIts the preparatlon of the ftnancl81 statements and lor bejng sallsfiad that they kne a true and falr vlew for h Intsrnal control 81 tho Irv8tw detannlnv 18 rry to onabie the prepar8tlon of fin8ncleL at&ements that ar• fr88 from m8tsrlal ml88tatemrt th8th8r du8 to fraud or 8rror. In w•parln8 th0 fin8nc5ai 8taterngnts. the trustees arg responslbie ftjr asse881ng the * abltity to contbnué u 8 concern. dl8¢losln& as 4ppilrbie. motters related to go1 concwn 8nd u81ng the gdng concem 1 ot acCrrtIng unle81 the tru8ts88 etthef Intsndtocea88 opwatlon8. or ha¥e no rnaUI11041t8rngtlve butto do IMen appolnted 88 audltor undor I10n 144 of tho Charttl08Act 2011 and reportln a¢corthce ith thektar rehvant re•ilatlon8 made orlwh8effe¢tthereunder. r obiKtfvoO Orntoobtaln rottonabts a88urKKeabrtttherth• fln8noi•l 8t8EThnts 884 aro fTO0 from Mats81 rn188tatem8nL whether due to fraud or error, to 18oue an 8udltorf8 r•port Ilwt InGludos OWOPlnlon. Rea•onabi• 888uYwco1gA hlthlmiof a18ucQ tArt18not• gu•Yant•eth•n 8udlt conducted In accordance wlth IS49 (UK) wlli aiww d•ct a m8WI81 rn188tat•mont Wh It &KI8ts. Mls8tatemènt8 c4n aM8e frorn ft8ud orwor and areconsldthd rnatsrfalll. Indmdualiy or In the a88re8oto. they could r8a80nably bp oXPOCt¢d to Influonce tha economlc dacltslon8 of u¥rB tsk on the b88h of those financlai statrnt& Tha éxtont tr• vthlch our procedures arn capable of detecung IrreW Includlng fr8ud. l• dotalled A further d88cflptlon of our respon81blllttes18 wd8liable on the Flnenclal Roportlnu Councll ts81t8 at http&'lA¥w.Ilrlkl8udttor8reSpQlbllO6. Th18 deBcrlpon fonns part of our audltor's rewt. Yow attet)tton Is drffl tothe factthatth• chorlty h88 PrnP8r8d llnanclo18t8tthm8nts In 8ccordonca wlth "PaxtIn8 arKI Reporth ty Ch8rftl•& &atérnant of Recommended Prnciico eppuoable to oharltleB piepwlng th8lr 8ccourrt8 In accordance wlth the Flnanclal RertIng st8ndgrLI appts'cable In the iA( and Repubuc ol lrniand IFIIS 1021. (a8 amandodl In pT•farenEg to thè Accountlng •nd Raportlng ty CharfUo8: Statsment ot Recommended Practlce on 1 P4JrA 21))5 thlch18 relerrnd to In th• 4Xtwbt regulatlons but h88 n(wb••n Wlthdvb. Thls h&8 been done In order fortho flnanclal statunentsto priwld• a true And tslr vknv In acrord¥nce lth cwr•ntGoneraity Accqpt•d A¢countln8 Prnctlc Olhw mAn•Y•whWI •r• r•qulr•d lo•ddro88 Thls Is a first yeor audlt •ngagement and 98 BUC kn ¢ompar8tl4• figur08 pre unaudltod. and M pnpAdg no a#uTance over trrn. Sufficlent ownlnq batance h&# b8on fft)rnd to onoble an unquallfied opfnlon owrtho currentSY8rfiwxe
AUDITORS REPQRTTOTHETrUSTEES OFADDICTIONSNORTH EAST FOR THEYEARENDED 31 JANUARY 2024 Th18 reportlg made solely to the comparfs mèmber4 88 a boty. In 8c¢ordanc8 vAth 8ectlon 391 of the Comp8nla8 Acl 2014. Our eudtt ha3 begn unrjartaken 80 that we miknl 8tat& to the conyy's MeIrthOS m8ttersw8 are requlredto state to them In an auditor's report and for no other purpose. To the fullest oxtent peryrHtted by Law. we do Thot accept or a85ume responslblllty to anyone other than Ihe ¢ompany8nd the companyb mèmbèrs 98 a boty. for audltworK loi thls wort. orlorthB opinion¥ we hav8ftThied. Coun Chitw FCA A2zuth House SonlorSt•tirtoryAudllor Wal681( Road Forand gn b•hall rf BK Plu• Audtt LInld Aldridge . 31s+ W8la•li Engtsnd WS9 QRB
ndj lunds Total fvndi Total funds and •ndavrni•nts Donatknns and *cles 0tkntrdd1xtlvltles Investments other 29,582 1,124,562 2311 56.062 29,582 1,124.562 2,911 77,937 27.393 710.173 2L875 54,748 Total 1,213,117 21I75 1,234,992 792,677 amrltable artlvltles Other 1,070h64 1.070,464 154,990 L225,454 s693 103026 673,359 1.225.454 Net galfts on Investments io 1113371 21,875 9,538 119.318 Trnthrs Ixtween funds Net Inc4wne h•fore othar 8•IMlllosges) {12,337) 2L875 938 119,318 {12,337) 21,875 9538 119.318 Totsl funds Ixou8ht forward 3W16 382,516 263,198 TOMI carrled forward 370,179 215 391054 382,516 Page 13
fwth• rIndad 31 lanu•ry 2024 IDCOI L231081 792314 Interest Investment Iorne 2,911 363 L234,992 792,677 Expendlture L224,634 67L640 Deweclathn and charges for lrnpalrment of assets 820 Total •xputhx• for J Net Income lthre tax forthe year L225.454 9538 671,640 121,037 9,538 121m7 Pa8e 14
at 31 Janu•ry 2024 Tonglble assets 12 250,128 250,128 205.173 205,173 Debto Cash at bank and Sft hand 13 33.615 175,683 209.298 14&2461 Is352 413.180 12L126} 392,054 216292 22559 (17N90) 208A69 413,642 (31,126) 381516 Cr•kn. AmountfallI due wlthln •xe yeir 14 Totsl •Mets1•ss Affrert IhlAIItI•s Cyekn. Amounts fallln8 due after m(Yethwk ¢)ne year 15 392,054 382,516 The al the thirhy 16 Restrlcted Income fund5 2L875 21875 16 General fund5 370,179 370.179 382J16 382,516 16 392P54 382.516 These acc<Junts have been prepared In accordaxe wth the speclal provlslons of Pirt 15 of the Companles Act 21x16 relatln8 to small companles. Approved by the board on 30 October 2024 And *ned on Its behalf by: D. Welsh TTh5tee 30 Iktober 2024 Pa8e 15
forth•pv•thl 31Jmuwy 2024 9.538 12L037 Detttlatlon ol Property. plant and erylpment tl¥ldends. Interest and reibts from Investments (1ncr6e)/DeCre h) trade and other recelv¥bles Inuease1(Deea5e) kn tréde and othLY paydbles {&),848) {23,948) 4.059 Isslli) 133318 IW926 Payments for property, plaftt ind equIpMl Dfvkknd5, Interest and reftts from Investments (45,775) (15L139) 55,lli Net frrynl(w•d In) a¢dvlt 35,073 {W28) Repayment of boy1$ (4874) (&874) 165,306) Cath •JMI •4ulw•lqrtS #I1 b•Aknnlry ofthey•v 216,292 150986 210,502 Cash arnl bank balan 175,683 216292 175,683 2292 Pa8e 16
Notes to the Accounts for th• ywr thxl•d 31J•nu•ry 2024 Thefinandal Statern have tse prepared lfi acairdan¢2 wlth AoUntIng and RepMin8 by Charltles: StatsThKnt of Recommended Pfactke applrable to charltks prepath thek accounts In accordan wlth Hnanckl Reixrtln8 Stsndard appllcable kn the UK and Republlc of Ireland (FR5 1(Y2) leffectlve I January 2015) - (Charltles SORP (FRS 102)). the Flnanclal Reportlng Stsndard appllcable In the UK and Republlc of Ireland IFRS 1023 and the Compftles Act 21Y There has been no chany to th? actntIA pomths (valuthn rnles and method of acclnt slnce last year and changes have Lyen made to accounts for prkn yea Fund UnrestrtLted fuNts These are avallable use •t the dtscretion of the trustee5 In rtherance of th• 8eneral obhcts of the dwty. Desi8nated fvnds These are unrestrked tsnds eanlwrked tythelNstees for partlar purposes. RevaatIon funds These Ke unre5tttted fund$ whlth Include a re¥aluatlon reserve r•prwnthth• restatement of hwestmofit wets at th•lr mjrket values. Restrkted furbds Th are avallable for use sutyect to restrlctlons Imposed by the donor orthwh terms dan akyal. Rewltlon af Income Incoff15 Induded In the Staten*nt of Flnandal Actmtles (SOFA) when the thMIty Ixomes efttltled to, •NI vlrtually rtaIn to recelve, the Income and the amourt of the Income be measured wlth sufficlent rellabHIty. Income wlth related Where Income ha5 relatsd amwltUre the lTrcome and rel•tsd expendkure15 expNllture reported 8ros5 In the SOF Donatlons and vOThtary Income recehed Iw of grarts. donatknfts and Ofts ts Indwjed In the the SOFA when recefvable and cmly when the Charlty h45 uKornlhlonal entltlement tothe Income. Tax redalms on IrKome from tax redakns Is Iuded kn the SOFA at same tlrne as the thnatlons and 8ffts th/donafjon to whlth it rdates. Donated servlces These are onty Induded In Income (whh an equfvaknt amount In exwMIlrn> and facmUe5 Whe the beneftt to the Chvlty15 re4Yonabty •wanthable. measurable and matertal. Voluirteer help Thevalue of any wnteer help receknl is not Inckthd In the accoun Investment Income Thls Is huded In the accA)unts ¥An ffecelvable. Galnsl(loKes) on Thls hUd•S aTry8aln ty loss resultln8from revaluln8 Inves to mats va relaluatlon of flx•d at the end of the year. GakWU05ses) on Thb Includes any 8aln or kns on the sale lftvestm•nts. Pa8e 17
Expendhwe Reco8nltlon of expendltu Expendlture Is reco8nlsed on an accruals basls. Expendltyre Indudes any VAT whlth cannix be fulty rfjcoved, and15 reported as part of the expendlture to whlch It Expendllwe on ra151n£ funds Expendtture on These comfv the costs IncuThed the Char5ty In the dellvery attmtles and ch•ltable actmtles servlces In the furtheThwKe of Its oblect& Inc1 the makln8 of Brdnts and rnance 05 All grant expenthture Is accounted for on an actual pald basts an xuual for 8rnnts that Iwve been aPprd bythe trust at the e1 of the year Ixrt not yet These tomprlse the costs 855ocid wlth attraLtln8 voluntary Income, fundralsln8 Grants pjyable G[nance costs These kKlude th05e q)5ts assoclated wlth meetlnB the COlbStutkYwl and 5tatsitory requirements of the Charlty. any auditnndependent exanikmtlon fee5, costs llnked to the 5trWk fflana8ern of the Ch•rKy, tryettr wlth a share of other admlnlstratsn costs. Other expendlture These are supm C not allocated to a rtICUlar•Ctl¥1ty. Tmtlon The tharlty ts exempt from corwrotkn tsx on fts tharlt•ble actmiles. Dewethtlon Is prwkled atthe foll(ylng annual rates In der to wrfte off exh ffjset its estlmated MotorVehl¢les 25%% Reduc14 hn¢t Investment propertles are measured Inltialty # ¢OSt and suuentty atfa1rYdQ at eath balance sheet date aNI are not dewe£lated. All 8alns or losses are tsken to the 5tatennt of Flnand31 A¢tMtles as th Stock Is Included at the lowerof cost w net reaisable vakn. Donated Rems of 5to(kare recoythed at f value whlth ts the Bmourt the charlty would have been wllllngto payforthe Itenu on the (yen markeL Trdde and other debtors are Tewnlsed at tl stlemeTht amount due afteranytrade dlsClWlltoffered. PrepBymonts are valued •tthe amount wep•ld net of any trade dtsfnts due. Cash and cash equfv•l•nts comprls• cash at bank and on dwmnd depos#s wlth ban¥5 and short4erm hhty luld Investmerts wlth ortlnal rnaturttks dthre• months or less and baTrk tr4erdrnft& In the st•tsnient of fth•n¢lJl posltlw nk ryerdrnfts are shcAn wlthln Lhxrowlbv or rrent hbllltles. In the 5t•ternent of Cash Aowj cash and cash •qufvaknts are shown Mt ( b•n tr12ftsthat ore repwble on dernand and forni an lrtwal pwt of the companvs cash managenxnt Pa8e 18
Notesto th• knunts Sknrt term ryedltors are measured atthe trnnsxtth prke. OthercredIto and provblon5 are reco8nlsed where the ¢h4rtty has a presert obli8atlon resultln8 from 4 wt event that wlll probably result In the transfer of fvnds to a thlrd party and the pATr¢>unt to settle the obll8atlon can be rneasured or e5tlmated relkbly. Credltors and provtsk are nonnally reco8nlsef5 at thelr settiernent amount after allowjngfor any trade dlscounts due. Expendlture on earch and de4lowMnt 1$ wiltien off lft the year In whlch It Is InLurred. Monetary assets and Ilabllltles denomlnated In wffencles other than the fvnctknal curr•nLy of the charlty are translated at the rates of exthay wevalllng at the end of the reportthg perkxl. Transactlons In curren¢les otherthan the functlonal currenw af th• tharlty are record * the rate of exthonge on the dat• that the t1¢110n o¢¢urr• AU exchange dlfferenus are are taken into accwrt kn arIm at net Incomelexpendlturn. Where the tharlty énters Into a lease whlth entalls sultantIallY au the rlsks and rewards of ownershlp of an asset, the lease Is treated as a fthan lease. Leases whkh do not transfer sulmanllalty all the r15ks and rewafds of ownershlp to charfty are dasslfied as operatlng lease5. Assets held underflTran lews are lftltlally reayilsed as assets of the charlty at thelr lalr value at the eptlon of the lease or. If lower, atthe prttent of the rnlnlmum kase payments. The correspondln8 Ilabllltyto the lessor ts Induded In the balance sheet date a5 J fin•nrn lease oblbtlon. Lease pyments are apportbned between fInan expens and redu¢tk>n of the lease obll8atlon so to achleve a corffjtsnt rate of Intsre5t on the remaInI balance of the Ilablllty. Flnance expenses are Ised lrnmedlately. unless they are dlrxty attrfbutabk to quJlfylr4g assets. In whlch case they are iapltsllsed In accordance wlth the tharfty's wllcy on ljoryowing costs. A55ets hekl under finanR leases are depweclated In the same way as owned a55ets. OperatlTr8 kase paymnts are recwilsed as an experse on a str•l8ht41n• basis over the lease tenr In the wefit that lease Incentlves are fecefved to entsr Into op•ratlns le, such Incentlves •rn reciydnlsed as J Ilablllty. The a88regate benefft of ItIVeS Is reco8nised as a reductlon of r•ntsl eXpeSe IM a strnlght-llne bask. The thartty owrates a defined C0rtrfbuth plan for Ils employee5. A defined ¢ontrlbutlon an Is • penslon plan undar whlch the companv pays fixed c(mtrflxrt1o Into a Serate entlty. Once the contrlbutlons have been pald the company has nofiwther Yme11ts obllgatlon& The contrlbirtlorffj are recognlsed a5 expenses when they fall due. Amounts not pakl are shown In atcrnals In the balance sheeL The assets of the pn are held separntely from the crynpany In Independentty admln15tered funds. All donated goods, faclUts and servlces recelved are r•co8nised wlthin Incomln8 resources and expendlture at an e5tlm* of the value to the charlty. Page 19
Ngt•s tothe Accouiits The company ts a prl¥ate company Ilrnlted by8uarantee and tonsequently dots not have share capltaL funds Totsl fthds Donatknns Jnd le8acles othertradl£ actwltles Iiwestments 27,393 710,173 363 54.748 27,393 710,173 363 54,748 7Y2.677 792.677 Charitible adhftles 566,3 102.107 6W97 3,143 S6933 102,107 Totsl 3.143 6n,640 124180 13.143) 121037 plmllloyses) 124180 13.143 121.037 124.180 13.143) I213? Total funds forward 260.055 3,143 2&3.198 Tot•1 funds ¢•rrled frnnl 384,235 384,235 Tot41 29,582 29,582 29,582 29.S82 27,393 27,393 Tot•1 Totsl 1,124,562 1,124,562 L124,$62 1,124.562 710,173 710,173 Pa8e 20
Notss to th• Attounts Tot•1 2,911 2,911 2,911 2Jll 363 363 Total 561162 $4,748 Grnrt recelved. Bernlcl 2L875 2L875 2L875 77,937 56,062 54,748 Tot•1 EKpendlture on chorltoljle aafvlues L070,464 IA64 $69,533 Go¥rmonce ¢osts 1,070A64 1.070.464 569,533 Tot•1 Impalnmrt prth on dlsposal of Ilxed •ssets Legal and costs 820 1,719 154,170 154A70 101107 IS4, 154390 103,826 Thls Is stated after char8ln Depredatlon of owned fixed assets 11 StCO>ts No empjryee receTrrfed emoluments In excess of £60,11 The overa8e numberof staff In th• yearwas 14 (2023.. NIL). Thetotsl rnmumratkjn of key mana8ement personnel dur1 the arWa5 £7435012023: £NIL}. 820 L719 PaBe 21
PAdl¢tlons North East Land and Vthldes At l February 2023 Addltion5 At 31January 2024 201892 45.T15 247.667 206,892 45,775 252.667 At l Feary 2023 DeecIatIOn charge forthe L719 1,719 820 820 At 31 January 2024 Mrt bookw•5 At 31 January 2024 At 31January 2023 2,539 2,539 247,667 20191 2A61 3,281 250.128 205.173 33,615 33,615 9.667 omrwnts fallln8 due wlthln one year Bank lo•ns and ovethfts Other taxes and sodal lerIty lo.c1 1.757 lo.)0 32.187 46.246 7,490 17M •nThbnts fallln8 du• after more than oneyear Bank lo• and overdrnfts 2L126 21126 3L126 3L126
16 Movomrt In luNIs At31 Onthan8 4lYX 21,875 21875 Total 2L875 2L875 Gortrd funth 381516 1213,117 IL225A54) 370,179 Tot•1 382,516 L234,992 IL225A54) 391054 Flxed assets Net currert assets Ctedltors due In m¢xe than one year and 250,128 14L177 250.128 163M52 21,875 (2L126) 12L126 370,179 2L875 391054 At31 Jwiu•ry Cash and cash W4Ub¥alerts 216292 216292 140,fQ9) 175fi83 140,609) 175,683 Bank loans 14L126) {41,1261 io.( iom) 13L126) (3L126) Net debt 175J66 (30.fth) 144,557 The company Is Ilmlted by Buardntee and has no share a1. thus no slngle party controls th• cornpany. Page 23
Iw th• yw•nd•d 31 Jarnwy 2024 Tot•1 fwmls Tatsl fundi 29,582 29.582 29,582 29,582 27293 27393 other1rad1 actmttes L124,562 L124,562 L124,562 L124.562 710,173 710,173 Investments 2,911 2,911 2.911 56,IhS2 54.748 2L875 2L875 24875 L234.992 77.937 54,748 L213.117 792,677 U170A64 I070.464 ImO.464 L070.464 569,533 569,533 WOA64 L070 464 569,533 Genernl admlntstratlve costs, Indudtr¥ depr•clatlon and amortts*lon DeprecFatlon of Freehokl Depreclathn of MotorV•hkl8s 820 820 L719 L719 Lwl and proknknnal costs Audltllndependent examlnation AcnnCY axl ljookkeeplng Management char 2A70 I45.) 4,170 2A70 145,ll 4,170 ICq427 lo326 673359 L22SA54 1225,454 Net plns on Inve5trnents Ilrt Incorne 112,3371 24875 119318 Pase 24
(12J37} 2L875 9,538 119318 Other Galns 111337) 2L875 9.538 119318 Total lund5 Ixou8ht forward 38U16 381516 263,198 370,179 2¥875 391054 382,516 Pa8e 25