|||Page|
|---|---|---|
|Report ofthe Trustees||2-15|
|Independent
auditors'|report|16-18|
|Statement
offinancial|activities|19|
|Balance sheet||20|
|Notes to the financial|statements|21 -33|
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|REFERENCE AND|REFERENCE AND|ADMINISTRATIVE
DETAILS|ADMINISTRATIVE
DETAILS||||||||
|---|---|---|---|---|---|---|---|---|---|---|
|Registered|company|number:|05300083 (England
and Wales)||||||||
|Registered|charity number:||1107554||||||||
|Registered|office:||FL 1-4,7-8 Delta Bank Road, Metro Riverside
Park, Gateshead,||||||NE11 9DJ||
|Advisors|||||||||||
|Auditors:|||Haines Watts, 17Queens|Lane, Newcastle
upon||Tyne,|NE1 1RN||||
|Solicitors:|||Ward Hadaway,
Sandgate|House, 102Quayside,||Newcastle||upon Tyne, NE1|||
||||3DX||||||||
|Bankers:|||Unity Trust Bank pic, Four|Brindleyplace,|Birmingham,||B12JB||||
||||Triodos Bank, Deanery Road, Bristol, BS15AS||||||||
||||Ecology Building Society,|7 Belton Way,|Silsden,|Keighley,||BD20|OEE||
||||Nationwide
Building Society, Kings Park||Road, Moulton||Park, Northampton,||||
||||NN3 6NW||||||||
||||The Charity Bank Limited,|Fosse House,|182 High|Street, Tonbridge,||||TN9 1BE|
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|For the year ended|31August|2022||||||
|---|---|---|---|---|---|---|---|
|||||Unrestricted||||
||||Unrestricted|Designated|Restricted|Total|Total|
||||Funds|Funds|Funds|2022|2021|
|||Notes||E|||F|
|Income:||||||||
|Donations
Grants
Charitable
Activities|||102,076
29,199||48,098
1,131,767|150,174
1,160,966|161,021
1,147,616|
|Rental Income
Contract Income
Other Income
Investment
income
Other trading
activities|||1,806,167
1,069,609
30,525
1,232|||1,806,167
1,069,609
30,525
1,232|1,894,881
1,139,828
23,886
1,992|
|Fundraising
Other|||52,045
13|||52,045
13|30,776
620|
||||3,090,866||1,179,865|4,270,731|4,400,620|
|Expenditure:||||||||
|Raising funds
Charitable
activities|||229,448
2,781,090|112,256|1,272,550|229,448
4,165,896|199,844
4,227,778|
||||3,010,538|112,256|1,272,550|4,395,344|4,427,622|
|Net income/(expenditure)|||80,328|(112,256)|(92,685)|(124,613)|(27,002)|
|Transfers
between|funds|17|(32,677)|32,677||||
|Other recognised|gains|||||||
|Gains on revaluation|offixed|||||||
|assets||||47,050||47,050|172,500|
|Net movement
in funds|||47,651|(32,529)|(92,685)|(77,563)|145,498|
|Reconciliation
offunds||||||||
|Total funds brought|forward||527,791|2,012,119|545,259|3,085,169|2,939,671|
|Total funds carried|forward||575,442|1,979,590|452,574|3,007,606|3,085,169|
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|||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|---|
|||||Funds|Funds|2022|2021|
||||Notes|||E|F|
|Fixed Assets:||||||||
|Tangible assets|||13|2,500,490||2,500,490|2,493,923|
|Current Assets||||||||
|Debtors
Cash at bank and|in hand||14|631,151
373,393|120,552
332,022|751,703
705,415|698,825
942,365|
|||||1,004,544|452,574|1,457,118|1,641,190|
|Liabilities:||||||||
|Creditors: Amounts|falling|due within||||||
|one year|||15|(414,817)||(414,817)|(474,770)|
|Net Current assets||||589,727|452,574|1,042,301|1,166,420|
|Total assets less current||liabilities||3,090,217|452,574|3,542,791|3,660,343|
|Creditors: Amounts|falling|due after||||||
|more than one year|||16|(535,185)||(535,185)|(575,174)|
|Net assets||||2,555,032|452,574|3,007,606|3,085,169|
|The funds ofthe charity:||||||||
|Unrestricted
funds:||||||||
|General
fund||||||575,442|527,791|
|Designated
funds||||||1,979,590|2,012,119|
|Restricted funds||||||2,555,032
452,574|2,539,910
545,259|
|Total Funds|||17|||3,007,606|3,085,169|
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|residual
v|alue, over their estimated|useful econom|ic lives as follows|ic lives as follows|:|
|---|---|---|---|---|---|
|Freehold|property|Valuation|and 2% straight||line|
|Freehold|property - part owned|Cost and|2% straight|line||
|Long leasehold||Valuation|and 2% straight||line|
|Leasehold|improvements|Cost and|33%straight|line||
|Motor vehicles||Cost and|25% straight|line||
|Computer|and fixtures|Cost and|33%straight|line||
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||||||Unrestricted||||
|---|---|---|---|---|---|---|---|---|
|||||Unrestricted|Designated|Restricted|Total|Total|
|||||Funds|Funds|Funds|2021|2020|
||||Notes||F|E|E|E|
|Income:|||||||||
|Donations||||122,021||39,000|161,021|163,435|
|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|4,088,964|
|Expenditure:|||||||||
|Raising funds||||199,844|||199,844|175,931|
|Charitable
activities|||7|2,853,445|38,012|1,336,321|4,227,778|3,561,808|
|||||3,053,289|38,012|1,336,321|4,427,622|3,737,739|
|Net income/(expenditure)||||224,698|(38,012)|(213,688)|(27,002)|351,245|
|Transfers
between||funds|17|79,778|(79,778)||||
|Other recognised|gains||||||||
|Gains on revaluation||offixed|||||||
|assets|||||172,500||172,500||
|Net movement
in|funds|||304,476|54,710|(213,688)|145,498|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|2,012,119|545,259|3,085,169|2,939,671|
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|For the year ended 31Augus
4.
Donations
&grants|t 2022||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||||2022|2021|
||||||||||||E|f.|
|Donations|||||||||||150,174|161,021|
|Grants|||||||||||1,160,966|1,147,616|
||||||||||||1,311,140|1,308,637|
|All donations
are generated|through||the Business Development|||||Unit.|||||
|Analysis ofgrants|||||||||||||
||||||||||||2022|2021|
|||||||||||||F|
|National
Lottery Community|Funds|-|Talent|Match||||||||66,667|
|The Peter Vardy Foundation||||||||||||109,551|
|Charities
Aid Foundation||||||||||||59,688|
|Community
Foundation||||||||||||63,795|
|Landaid
Charitable
Trust||||||||||||70,000|
|Merce rs||||||||||||57,855|
|Baynes||||||||||||30,000|
|MCN Consortium
B8Q Foundation
CCG|||||||||||5,000|2,600
5,000
22,818|
|NatWest Circle Fund
MFS Investment
Management||||||||||||2,500
5,000|
|Southwark
Council|||||||||||5,168|34,494|
|Zonta London Fund|||||||||||260|520|
|Jack Petchey Foundation
(Big Give)|||||||||||750||
|Blue Stone Collaborative|||||||||||900|3,100|
|Communities
CAN (North East) Ltd|||||||||||1,000||
|Community
Foundation
Serving Tyne|||8 Wear and Northumberland||||||(Muckl|e LLP)|1,000||
|Akzo Nobel|||||||||||1,000||
|The Barbour Foundation|||||||||||1,000||
|The Durham
Masonic Benevolence||Fund|||||||||1,000||
|Sandra Charitable
Trust
Jack Petchey Foundation|||||||||||1,000
1,200||
|The WA Handley
Charity Trust|||||||||||2,000||
|National
Lottery Community|Fund (BBOMoving||||On Tyne||8 Wear)||||2,500||
|Sir John Priestman
Charitable
Trust|||||||||||2,500||
|Community
Foundation
Serving Tyne|||8 Wear and Northumberland||||||||3,000||
|The Samuel Storey Family Charitable|||Trust||||||||3,000||
|Gateshead
Council
Jack Petchey Foundation
(Reignite Fund)
Safe Lives (The Circle Fund)|||||||||||6,182
4,000
5,000|7,500
1,000|
|Community
Foundation
Serving Tyne|||8 Wear and Northumberland||||||(Linde|n Family|||
|Fund)|||||||||||5,000||
|Changing
Futures|||||||||||18,095||
|DWP Access to work|||||||||||8,701||
|Gateshead
Council (Financial
Capability)|||||||||||8,750||
|National
Lottery Community|Fund (Awards for All)||||||||||10,000||
|Northumbria
Police 8 Crime|Commissioner|||(MOJ DNSV Community|||||Fund||10,300||
|National
Lottery Community|Fund (Help through||||Crisis)||||||32,914||
|National
Lottery Community|Fund (BBOWise Steps)||||||||||33,460|26,159|
|Fulfilling
Lives|||||||||||37,457||
|Northumbria
Police &Crime|Commissioner|||(Supporting||Victims Fund)|||||48,448|47,373|
|National
Lottery Community|Fund (Reaching|||Communities|||-Sunderland)||||66,500||
|National
Lottery Community|Fund (BBOMoving||||On Tyne &Wear)||||||80,289|77,101|
|National
Lottery Community|Fund (Reaching|||Communities|||-Gateshead))||||100,000||
##
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##
|Barclays|Bank|||100,000||
|---|---|---|---|---|---|
|Durham|County|Council|MHCLG|548,170|448,468|
|Other||||5,422|6,427|
|||||1,160,966|1,147,616|
|5.|Income|from|charitable|activities|||
|---|---|---|---|---|---|---|
||||||2022|2021|
||||||f,|E|
|Home
Basis|||||2,876,591
29,710|2,529,074
524,841|
|Aspire||||||4,680|
||||||2,906,301|3,058,595|
##
##
|.
Expenditure
on charitabl|e
activities||||
|---|---|---|---|---|
||Direct|Support|||
||Costs|Costs|2022|2021|
|Home|2,347,243|371,455|2,718,698|2,962,220|
|Basis|828,905|230,414|1,059,319|947,104|
|Empower|118,297|39,799|158,096|123,542|
|Aspire|173,227|56,556|229,783|194,912|
||3,467,672|698,224|4,165,896|4,227,778|
|upport costs above include Govern|ance
costs as shown below||
|---|---|---|
||2022|2021|
||F|E|
|Home|31,779|28,085|
|Basis|19,712|12,244|
|Empower|3,405|1,684|
|Aspire|4,838|3,505|
||59,734|45,518|
##
##
##
|.
Allocation ofsupport cos|ts||||
|---|---|---|---|---|
|||Office|Office||
||Staff|premises|running|Total|
||||E||
|Home
Basis|176,143
109,262|26,588
16,493|168,724
104,659|371,455
230,414|
|Empower|18,873|2,849|18,077|39,799|
|Aspire|26,819|4,048|25,689|56,556|
||331,097|49,978|317,149|698,224|
|||||||||2022|2021|
|---|---|---|---|---|---|---|---|---|---|
|Staff costs
Legal fees||||||||35,715|36,758
3,204|
|Office running||||||||5,011|156|
|Recruitment||||||||13,368||
|Audit||||||||5,640|5,400|
|||||||||59,734|45,518|
|0.
Net income/(expenditure)|||||for the year|||||
|This is stated|after charging:|||||||||
|||||||||2022f|2021|
|Depreciation|of|tangible|fixed|assets owned||by the charity:||51,619|17,728|
|Loan interest|paid|||||||16,425|14,854|
|1.
Auditors||remuneration||||||||
|||||||||2022|2021|
|||||||||E||
|Fees payable|to|the charity's||auditors for the||audit ofthe annual|accounts|5,640|5,400|
##
|Staff costs were as follows:|||
|---|---|---|
||2022|2021|
|||F|
|Wages and salaries
Social security costs|2,020,806
173,482|2,001,740
149,335|
|Other pension costs|138,088|127,373|
||2,332,376|2,278,448|
##
##
##
|The average|monthly|number ofemployees|during the year was as follows:|||
|---|---|---|---|---|---|
|||||2022|2021|
|||||Number|Number|
|Chief Executive||||1|1|
|Project staff||||76|80|
|Administration|and support|||22|24|
|||||99|105|
##
|13.
Tangible fixed|assets (as re|stated)||||||
|---|---|---|---|---|---|---|---|
|||Freehold||||||
||Freehold|part-|Long|Leasehold|Motor|Computers||
||property
K|owned
F|leasehold|improvementsf|vehicles|8 fixtures
E|Total|
|Cost||||||||
|At 1 September 2021
Additions
Disposals
Revaluation|1,942,502
11,136|156,850|410,000|24,294|4,080
(4,080)|52,470|2,590,196
11,136
(4,080)|
|At 31August 2022|1,953,638|156,850|410,000|24,294||52,470|2,597,252|
|Depreciation||||||||
|At 1 September 2021
Charge for year
Disposals
Revaluation|38,850
(38,850)|16,665
3,333|8,200
(8,200)|24,294|4,080
(4,080)|51,234
1,236|96,273
51,619
(4,080)
(47,050)|
|At 31 August 2022||19,998||24,294||52,470|96,762|
|Net book value||||||||
|At 31 August 2022|1,953,638|136,852|410,000||||2,500,490|
|At 31 August 2021|1,942,502|140,185|410,000|||1,236|2,493,923|
##
##
|In respect ofthe assets|stated at valuati|ons
the compa|rable
historic|
|---|---|---|---|
||Freehold|Long||
||Property|Leasehold|Total|
|Cost||||
|At 1 September 2021|1,795,903|539,331|2,335,234|
|Additions|11,136||11,136|
|Disposals||||
|At 31August 2022|1,807,039|539,331|2,346,370|
|Depreciation||||
|At 1 September 2021|337,024|69,443|406,467|
|Charge for year|35,919|10,787|46,706|
|Disposals||||
|At 31 August 2022|372,943|80,230|453,173|
|Net book value||||
|At 31 August 2022|1,434,096|459,101|1,893,197|
|At 31 August 2021|1,458,879|469,888|1,928,767|
##
|Surveyors
and reviewed
by the directo
14.
Debtors|rs
in November|2022 to ensure valuatio|ns
remain reasonable.||
|---|---|---|---|---|
||||2022|2021|
|||||F|
|Trade debtors
Other debtors
Prepayments
8 accrued income|||515,169
10,438
226,096|408,652
4,661
285,512|
||||751,703|698,825|
|15.
Creditors: amounts
falling due within one||year|||
||||2022|2021|
||||F|E|
|Bank loans
Trade creditors
Social security and other taxes
Other creditors
Accruals and deferred
income|||43,162
102,909
43,964
91,242
133,540|24,714
111,355
39,475
76,706
222,520|
||||414,817|474,770|
|Deferred income comprises contracts|relating to future periods.||||
|Balance at 1 September 2021
Amounts
released to income earned
Amounts
deferred
in the year|from charitable|activities||104,412
(104,412)
76,621|
|Balance at 31August 2022||||76,621|
##
|6.
Creditors: amounts
falling du|e after more than one year|||
|---|---|---|---|
|||2022|2021|
|Bank loans||535,185|575,174|
|Amounts
falling due in more than 5|years:|||
|Bank loans more than 5 years payable|by instalments|362,538|476,319|
##
|Year|ended|31 Au|ust 2022||||||
|---|---|---|---|---|---|---|---|---|
||||Balance at|Incoming|Resources||Gain/|Balance at|
||||1Sept 2021|Resources|expended|Transfers|loss|31Aug 2022|
||||||F|E||E|
|Unrestricted|funds||||||||
|General fund|||527,791|3,090,866|(3,010,538)|(32,677)||575,442|
|Designated|funds||||||||
|Property fund
Revaluation
reserve|||1,554,783
338,016||(50,383)|79,727
(47,050)|47,050|1,584,127
338,016|
|Elizabeth
House|||||||||
|refurbishment
fund
Maintenance
fund
Systems upgrade
Beneficiary fund||fund|5,000
44,000
25,320
30,000||(19,206)
(12,667)
(15,000)|||5,000
24,794
12,653
15,000|
|Support costs fund|||15,000||(15,000)||||
||||2,539,910|3,090,866|(3,122,794)||47,050|2,555,032|
|Restricted funds|||||||||
|Home
Basis|||77,878
345,408|48,349
806,387|(96,494)
(881,753)|||29,733
270,042|
|Empower|||42,139|78,191|(96,256)|||24,074|
|Aspire|||79,834|246,938|(198,047)|||128,725|
||||545,259|1,179,865|(1,272,550)|||452,574|
|Total funds|||3,085,169|4,270,731|(4,395,344)||47,050|3,007,606|
|Year ended|31|Au|ust 2021||||||
|---|---|---|---|---|---|---|---|---|
||||Balance at|Incoming|Resources||Gain/|Balance at|
||||1Sept 2020|Resources|expended|Transfers|loss|31Aug 2021|
||||||F|||E|
|Unrestricted
funds|||||||||
|General fund|||223,315|3,277,987|(3,053,289)|79,778||527,791|
|Designated
funds|||||||||
|Property
fund
Revaluation
reserve
Property development
Elizabeth
House||fund|1,594,925
165,516
28,221||(13,332)|(26,810)
(28,221)|172,500|1,554,783
338,016|
|refurbishment
fund
Maintenance
fund
Systems upgrade
fund
Housing
management
Loan repayment
Beneficiary fund
Support costs fund||fund|20,000
44,000
10,000
44,747
50,000||(20,000)
(4,680)|5,000
20,000
(44,747)
(50,000)
30,000
15,000||5,000
44,000
25,320
30,000
15,000|
||||2,180,724|3,277,987|(3,091,301)||172,500|2,539,910|
|Restricted funds|||||||||
|Home
Basis
Empower
Aspire|||83,260
511,683
57,433
106,571|336,127
589,017
80,819
116,670|(341509)
(755,292)
(96,113)
(143,407)|||77,878
345,408
42,139
79,834|
||||758,947|1,122,633|(1,336,321)|||545,259|
|Total funds|||2,939,671|4,400,620|(4,427,622)||172,500|3,085,169|
##
##
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##
##
##
##
|F|or the|earended 31Au ust 2022||||
|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total|
||||funds|funds|funds|
|||||E|f.|
|Tangible
Current
Creditors
Creditors|fixed
assets
due
due|assets
within one year
in more than one year|2,500,490
1,004,544
(414,817)
(535,185)|452,574|2,500,490
1,457,118
(414,817)
(535,185)|
||||2,555,032|452,574|3,007,606|
##
|F|orthe|earended31Au
ust2021||||
|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total|
||||funds|funds|funds|
||||F|E||
|Tangible
Current
Creditors
Creditors|fixed
assets
due
due|assets
within one year
in more than one year|2,493,923
1,063,017
(441,856)
(575,174)|578,173
(32,914)|2,493,923
1,641,190
(474,770)
(575,174)|
||||2,539,910|545,259|3,085,169|
##
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##
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##
|Change to the balan|ce s|heet|||||
|---|---|---|---|---|---|---|
|||||As previously||As restated|
|Fixed assets
Freehold
part owned|- accumulated||depreciation|reported
3,333|Adjustment
F
13,332|31 Aug 2021
f.
16,665|
|Funds|||||||
|Designated
Property|fund|||1,568,115|(13,332)|1,554,783|
|Change to the statement||offinancial|activities||||
|Expenditure||||(4,214,446)|(13,332)|(4,227,778)|
|Net income/(expenditure)||for the year||(13,670)|(13,332)|(27,002)|