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|||Page|
|---|---|---|
|Report to the trustees||1 —17|
|Independent
auditors'|report|18-21|
|Statement
offinancial|activities||
|Balance sheet||23|
|Notes to the financial|statements|24- 39|
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|||||Unrestricted||||
|---|---|---|---|---|---|---|---|
||||Unrestricted|Designated|Restricted|Total|Total|
||||Funds|Fund|Funds|2021|2020|
|||Notes|f|||f||
|Income:||||||||
|Donations||||||||
|Donations|||122,021||39,000|161,021|163,455|
|Grants|||63,983||1,083,633|1,147,616|1,093,188|
|Charitable
activities||||||||
|Rental income|||1,894,881|||1,894,881|1,725,834|
|Contract income|||1,139,828|||1,139,828|964,606|
|Other income|||23,886|||23,886|27,816|
|Investment
income|||1,992|||1,992|1,688|
|Other trading
activities||||||||
|Fundraising|||30,776|||30,776|95,368|
|Other|||620|||620|17,029|
||||3,277,987||1,122,633|4,400,620|4,088,984|
|Expenditure:||||||||
|Raising funds|||199,844|||199,844|175,931|
|Charitable
activities|||2,853,445|24,680|1,336,321|4,214,446|3,561,808|
||||3,053,289|24,680|1,336,321|4,414,290|3,737,739|
|Net income/{expenditure)|||224,698|(24,680 )|(213,688 )|(13,670 )|351,245|
|Transfers
between|funds|17|79,778|( 79,778 )||||
|Other recognised|gains|||||||
|Gains on revaluation|of|||||||
|fixed assets||||172,500||172,500||
|Net movement
in funds|||304,476|68,042|( 213,688 )|158,830|351,245|
|Reconciliation
offunds||||||||
|Total funds brought|forward||223,315|1,957,409|758,947|2,939,671|2,588,426|
|Total funds carried|forward||527,791|2,025,451|545,259|3,098,501|2,939,671|
##
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||||Notes|Unrestricted|Restricted|||
|---|---|---|---|---|---|---|---|
|||||Funds|Funds|2021|2020|
|Fixed assets:||||||||
|Tangible assets|||13|2,507,255||2,507,255|2,409,150|
|Current assets:||||||||
|Debtors|||14|491,827|206,998|698,825|466,225|
|Cash at bank and|in hand|||571,190|371,175|942,365|1,059,925|
|||||1,063,017|578,173|1,641,190|1,526,150|
|Liabilities:||||||||
|Creditors: amounts|falling|||||||
|due within one year|||15|( 441,856 )|( 32,914 )|( 474,770 )|( 342,959 )|
|Net current assets||||621,161|545,259|1,166,420|1,183,191|
|Total assets less|current|liabilities||3,128,416|545,259|3,673,675|3,592,341|
|Creditors: amounts|falling|due after||||||
|more than one year|||16|( 575,174 )||( 575,174 )|( 652,670 )|
|Net assets||||2,553,242|545,259|3,098,501|2,393,671|
|The funds ofthe|charity:|||||||
|Unrestricted
funds:||||||||
|General fund||||||527,791|223,315|
|Designated
funds||||||2,025,451|1,957,409|
|||||||2,553,242|2,180,724|
|Restricted funds||||||545,259|758,947|
||||17|||3,098,501|2,939,671|
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|3.
Comparative|Statement|ofFinancial|Activities|||||
|---|---|---|---|---|---|---|---|
|||||Unrestricted||||
||||Unrestricted|Designated|Restricted|Total|Total|
||||Funds|Fund|Funds|2020|2019|
|||Notes|f|||||
|Income:||||||||
|Donations||||||||
|Donations|||61,935||101,520|163,455|330,787|
|Grants|||6,820||1,086,368|1,093,188|929,200|
|Charitable
activities||||||||
|Rental income|||1,725,834|||1,725,834|1,246,083|
|Contract income|||964,606|||964,606|628,804|
|Other income|||27,816|||27,816|15,792|
|Investment
income|||1,688|||1,688|4,085|
|Other trading
activities||||||||
|Fundraising|||95,368|||95,368|48,874|
|Other|||17,029|||17,029|8,664|
||||2,901,096||1,187,888|4,088,984|3,212,289|
|Expenditure:||||||||
|Raising funds|||175,931|||175,931|210,475|
|Charitable
activities|||2,402,781||1,159,027|3,561,808|2,869,089|
||||2,578,712||1,159,027|3,737,739|3,079,564|
|Net income/(expenditure)|||322,384||28,861|351,245|132,725|
|Transfers
between|funds|17|( 185,177 )|185,177||||
|Other recognised|gains|||||||
|Gains on revaluation|of|||||||
|fixed assets|||||||144,440|
|Net movement
in funds|||137,207|185,177|28,861|351,245|277,165|
|Reconciliation
offunds||||||||
|Total funds brought|forward||86,108|1,772,232|730,086|2,588,426|2,311,261|
|Total funds carried|forward||223,315|1,957,409|758,947|2,939,671|2,588,426|
##
|Donations
and grants||||||||||
|---|---|---|---|---|---|---|---|---|---|
|||||||||2021|2020|
|Donations||||||||161,021|163,455|
|Grants||||||||1,147,616|1,093,188|
|||||||||1,308,637|1,256,643|
|All donations
are generated|through|the Business|||Development||Unit.|||
|Analysis ofgrants||||||||||
|||||||||2021|2020|
|National
Lottery Community|Funds|—Reaching||Com||munities|||112,445|
|National
Lottery Community|Funds|—Talent|Match|||||66,667|66,667|
|National
Lottery Community|Funds|—Helping|throu||gh Crisis||||70,273|
|Durham
County Council/MHCLG||||||||298,882|220,186|
|Durham
County Council/MHCLG||||||||149,586|104,269|
|BLF/ESF||||||||77,101|61,137|
|BLF/Wise Group||||||||26,159|27,818|
|The Peter Vardy Foundation||||||||109,551||
|Northumbria
Police and Crime Commissioner||||||||47,373|61,575|
|Gateshead
Council||||||||7,500|39,000|
|Changing
Lives|||||||||2,190|
|Jack Petchey Grant||||||||1,000|1,500|
|Charities
Aid Foundation||||||||59,688||
|Community
Foundation||||||||63,795|10,950|
|SirJames Knott|||||||||66,906|
|CDCF Nationwide|||||||||50,000|
|Sunderland
City Council|||||||||10,000|
|NLCF —Coping with Covid|||||||||47,494|
|Homeless
Link/MHCLG|||||||||25,000|
|Landaid
Charitable
Trust||||||||70,000|10,000|
|CDCF —Sherburn
House Charity|||||||||5,000|
|Wise Group - Wise Steps|||||||||19,373|
|Mercers||||||||57,855|34,196|
|Baynes||||||||30,000||
|MCN Consortium||||||||2,600||
|B&Q Foundation||||||||5,000||
|CCG||||||||22,818||
|NatWest
Circle Fund||||||||2,500||
##
##
|CAF Grumpy
Givers|CAF Grumpy
Givers||5,000|
|---|---|---|---|
|Bluestone
Consortium||3,100|5,000|
|BGLGroup|||6,400|
|MFS Investment|Management|5,000|5,040|
|Zonta||520|6,376|
|Karbon Homes|||2,000|
|Southwark
Council||34,494|4,690|
|Fine and County|||3,000|
|Other||6,427|9,703|
|||1,147,616|1,093,188|
##
##
|Incoming
from charitable
activities|||
|---|---|---|
||2021|2020|
|Home|2,529,074|2,098,466|
|Basis|524,841|550,191|
|Empower||3,574|
|Aspire|4,680|66,025|
||3,058,595|2,718,256|
##
##
||Direct|Support|||
|---|---|---|---|---|
||Costs|Costs|2021|2020|
||K||||
|Home|2,510,746|438,142|2,948,888|2,036,060|
|Basis|756,080|191,024|947,104|1,235,010|
|Empower|97,268|26,274|123,542|74,205|
|Aspire|140,234|54,678|194,912|216,533|
||3,504,328|710,118|4,214,446|3,561,808|
##
##
||||||||Office|Office||
|---|---|---|---|---|---|---|---|---|---|
|||||||Staff
f|premises
f.|running
F|Total|
||Home|||||254,434|39,025|144,683|438,142|
||Basis|||||110,928|17,015|63,081|191,024|
||Empower|||||15,258|2,340|8,676|26,274|
||Aspire|||||31,753|4,870|18,055|54,678|
|||||||412,373|63,250|234,495|710,118|
|9.|Governance|costs||||||||
|||||||||2021|2020|
||Staff costs|||||||36,758|35,167|
||Legal fees|||||||3,204||
||Office running|||||||156||
||Audit|||||||5,400|5,400|
|||||||||45,518|40,567|
|10.|Net income/(expenditure)||||for the year|||||
||This is stated||after charging:|||||||
|||||||||2021|2020|
||Depreciation||oftangible fixed assets:|||||||
||- owned
by the charity|||||||4,396|7,912|
||Loan interest||paid|||||14,854|18,618|
|11.|Auditor's
remuneration|||||||||
|||||||||2021|2020|
||||||||||f|
||Fees payable||to the charity's||auditors for the audit|||||
||ofthe charity's||annual|accounts||||5,400|5,400|
||||||2021|2020|
|---|---|---|---|---|---|---|
|||||||'E|
|Wages and salaries|||||2,001,740|1,889,016|
|Social security|costs||||149,335|136,236|
|Other pension|costs||||127,373|113,142|
||||||2,278,448|2,138,394|
|The average
monthly||number|ofemployees|during the year was as follows:|||
||||||2021|2020|
||||||Number|Number|
|Chief Executive|||||1|1|
|Project staff|||||80|74|
|Administration|and support||||24|18|
||||||105|93|
##
##
|Tangible fixed assets||||||||
|---|---|---|---|---|---|---|---|
|||Freehold||||||
||Freehold|part-|Long|Leasehold|Motor|Computers||
||property|owned|leasehold|improvements|vehicles|8 fixtures|Total|
|Cost||||||||
|At 1 September 2020|1,987,164|156,850|558,317|24,294|4,080|52,470|2,783,175|
|Additions||||||||
|Disposals|(86,945 )||||||(86,945 )|
|Revaluation|145,000||27,500||||172,500|
|At 31 August 2021|2,045,219|156,850|585,817|24,294|4,080|52,470|2,868,730|
|Depreciation||||||||
|At 1 September 2020|119,663|3,333|175,817|24,294|4,080|46,838|374,025|
|Charge for year||||||4,396|4,396|
|Disposals|(16,946 )||||||(16,946 )|
|Revaluation||||||||
|At 31 August 2021|102,717|3,333|175,817|24,294|4,080|51,234|361,475|
|Net book value||||||||
|At 31 August 2021|1,942,502|153,517|410,000|||1,236|2,507,255|
|At 31 August 2020|1,867,501|153,517|382,500|||5,632|2,409,150|
|In respect ofthe assets stated at valuations
the comparable
historical|cost and depreciation
are as follows:|
|---|---|
||f|
||Cost|
|At 1 September 2020 and 31 August 2021|2,422,180|
|Depreciation||
|At 1 September 2020 and 31 August 2021|123,263|
|Net book value||
|At 31 August 2021|2,298,917|
|At 31 August 2020|2,298,917|
##
##
|14.|Debtors||||||
|---|---|---|---|---|---|---|
||||||2021|2020|
||Trade debtors||||408,652|179,984|
||Other debtors||||4,661|12,906|
||Prepayments
and accrued income||||285,512|273,335|
||||||698,825|466,225|
|15.|Creditors: amounts|falling due within one year|||||
||||||2021|2020|
||||||f||
||Bank loans||||24,714|21,932|
||Trade creditors||||111,355|113,568|
||Social security and other taxes||||39,475|35,733|
||Other creditors||||76,706|28,247|
||Accruals and deferred|income|||222,520|143,479|
||||||474,770|342,959|
||Deferred income comprises contracts||relating to future periods.||||
|||||||f|
||Balance at 1 September 2020|||||50,425|
||Amounts
released to|income earned from charitable||activities||( 50,425 )|
||Amounts
deferred
in the year|||||104,412|
||Balance at 31 August|2021||||104,412|
|16.|Creditors: amounts|falling due more|than one year||||
||||||2021|2020|
||||||f|f|
||Bank loans||||575,174|652,670|
||Amounts
falling due|in more than five years:|||||
||Repayable
by instalments:||||||
||Bank loans more 5years by instalments||||476,319|564,941|
##
##
|Year ended 31Au ust|Year ended 31Au ust|2021|||||||
|---|---|---|---|---|---|---|---|---|
||||Balance|||||Balance|
|||At 1|September|Incoming|Resources||Gain/|At 31August|
||||2020
f|resources|expended
f|Transfers|loss
'E|2021|
|Unrestricted
funds|||||||||
|General fund|||223,315|3,277,987|( 3,053,289 )|79,778||527,791|
|Designated
funds|||||||||
|Property
fund|||1,594,925|||( 26,810 )|-|1,568,115|
|Revaluation
reserve|||165,516||||172,500|338,016|
|Property development||fund|28,221|||(28,221 )|||
|Elizabeth
House|||||||||
|Refurbishment|fund||20,000||(20,000 )|5,000||5,000|
|Maintenance
fund|||44,000|||||44,000|
|Systems upgrade|fund||10,000||(4,680 )|20,000||25,320|
|Housing
management||fund|44,747|||(44,747 )|||
|Loan repayment|||50,000|||( 50,000 )|||
|Beneficiary fund||||||30,000||30,000|
|Support costs fund||||||15,000||15,000|
||||2,180,724|3,277,987|( 3,077,969 )||172,500|2,553,242|
|Restricted funds|||||||||
|Home|||83,260|336,127|( 341,509 )|||77,878|
|Basis|||511,683|589,017|( 755,292 )|||345,408|
|Empower|||57,433|80,819|( 96,113 )|||42,139|
|Aspire|||106,571|116,670|( 143,407 )|||79,834|
||||?58,947|1,122,633|( 1,336,321 )|||545,259|
|Total funds|||2,939,671|4,400,620|( 4,414,290 )||172,500|3,098,501|
##
|Year ended 31Au ust|2020||||||||
|---|---|---|---|---|---|---|---|---|
|||Balance||||||Balance|
||At 1|September|Incoming|Resources|||Gain/|At 31 August|
|||2019|resources||expended|Transfers|loss|2020|
||||||F||||
|Unrestricted
funds|||||||||
|General
fund||86,108|2,901,096|( 2,578,712 )||( 185,177 )||223,315|
|Designated
funds|||||||||
|Property fund||1,572,495||||22,430||1,594,925|
|Revaluation
reserve||165,516||||||165,516|
|Strategic development|fund|6,000||||(6,000 )|||
|Property
development|fund|28,221||||||28,221|
|Elizabeth
House|||||||||
|Refurbishment
fund||||||20,000||20,000|
|Maintenance
fund||||||44,000||44,000|
|Systems upgrade
fund||||||10,000||10,000|
|Housing
management|fund|||||44,747||44,747|
|Loan repayment||||||50,000||50,000|
|||1,858,340|2,901,096|( 2,578,712 )||||2,180,724|
|Restricted funds|||||||||
|Home||102,353|120,405||( 139,498 )|||83,260|
|Basis||531,775|759,675||( 779,767 )|||511,683|
|Empower||13,441|103,575||( 59,583 )|||57,433|
|Aspire||82,517|204,233||( 180,179 )|||106,571|
|||730,086|1,187,888|( 1,159,027 )||||758,947|
|Total funds||2,588,426|4,088,984|(|3,737,739 )|||2,939,671|
|Designated
funds|||||||||
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|For the|ear e|nded 31Au ust 2021||||
|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total|
||||funds|funds|funds|
|Tangible|fixed|assets|2,507,255||2,507,255|
|Current|assets||1,063,017|578,173|1,641,190|
|Creditors|due|within one year|( 441,856 )|( 32,914 )|( 474,770 )|
|Creditors|due|in more than one year|(575,174 )||( 575,174 )|
||||2,553,242|545,259|3,098,501|
||||Unrestricted|Restricted|Total|
|---|---|---|---|---|---|
||||funds|funds|funds|
|Tangible|fixed|assets|2,409,150||2,409,150|
|Current|assets||734,291|791,861|1,526,152|
|Creditors|due|within one year|( 310,045 )|( 32,914 )|(342,959 )|
|Creditors|due|in more than one year|( 652,670 )||( 652,670 )|
||||2,180,726|758,947|2,939,673|
##
|||Other|
|---|---|---|
||2021|2020|
|||f|
|Not later than one year|4,709|4,709|
|Later than one and not later than five years|4,709|9,418|
||9,418|14,127|
##
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##
|Analy|sis ofchanges
in net debt|||||
|---|---|---|---|---|---|
|||At 1 Sep||Cash|At 31 Aug|
|||2020||flows|2021|
|Long
Short|term borrowings
term borrowings|( 652,670
( 21,932|)
)|77,496
(2,782)|( 575,174 )
( 24,714 )|
|Total|liabilities|( 674,602|)|74,714|( 599,888 )|
|Cash|and cash equivalents|1,059,925||( 117,560 )|942,365|
|||385,323||( 42,846 )|342,477|