COMPANY REGISTRATION NUMBER: 05120656 CHARrrY REGISTRATION NUMBER: 1107991 Craghead Development Trust Limited Company Limited by Guarantee Unaudited Financial Statements 31 March 2022 ¥A6JD2KIS• 2111212022 COMPANIES HOUSE A18
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3S ACCOUNTANCY SERVICES Chartered accountants tkt ID: Oe5a76c931*e530bGlkJa27d0282625b9eadc36
Craghead Development Trust Limited Company Llmlled by Guarantee Trustees. Annual Report Ilncorporatlng Ihe Dlredorfs Report) Year ended 31 March 2022 The trustees. who are also the directo for the purpjses of company law. presenl their report and the unaudited finanual ststements of ts charity for Ihe year ended 31 March 2022. Reference and admlnlslratlve detalls Registered charity name Craghead Development Trusl Limited Charlty reglstratlon number 1107991 Company registration number 0512C656 Principal office and registered Bumside Family Centre oifice Mendip Terrace Stanley Durham DH9 6QP The tru5t•es G Hunter F Mitchell J English T Bowman (appointed 12.10.21) Company $ecretsry G Hunter Accountants 3S Accountancy Sefwces Chartered Accountsnts Structure. gov¢mance and managemenl Craghead Development Trust Limited (CDT) is constituted under its memorandum antl articles of association dated 6 May 2004 and is a registered charity. number 1107991. The company 15 limited by guarantee. the members guaranteeirvJ to CCM71rt)ute up to £1 in the event of tlle company winding up. The charitable company is managed by the Management Committee, which comprises not less than three and no more than nine trustees. The opportunity for appointrnent as a Iru51ee is promoted widely and infornial meetings for those who are polents.ally interested in becoming trustees are undertaken, lo inform them of the work of Ihe tharity and the rde and respOnSlIte$ of the trustees. One third of the trustee directors retire by rotatson at every annual general meeting. If the wmpany does not fill the vacancy the retiring trustee director is deemed -ap[linled. The Management Committee can co-opt certain members to the Board. to a maximum of 40% of the Management Committee being COryOPted. The Managemenl Commitiee delegates fesponsibilty for the day to day ruming of the charbtable company to the manager, within certain financial and operational limits. Dcc ID". oe5a76c931ee53obC(kJa27dWda2625b9eadC3s
Craghead Development Trust Limited Company Limited by Guaranlee Trnstees. Annual Report Ilncorporating th• Diredorfs Report) (wJllnu•dJ Year ènded 31 PAarch 2022 Objectives and actlvltles The objects of the charitse company are.. To promote the benefit of the inhabilants of Craghead and Suound1ng di4tiids vitiout distinclion of sex. sexual orientation. race or of polrtical religious or other opinions by associatsng together the said inhats'tants and the local authorrties, voluntary and other organisth.ons in 8 common effort to advance education. provide social and econom regeneration and relieve FM)vety by providing opportunities in the interests of social weffare f( recreation and leisure time (tcupation with the primary obiect of improving the conditions of lrfe for the sahl inhabitants.. The chanty's missM)n is to provide ¢)pportunrties for b)th social arxl economic regeneration in the area by undertaking the coordination and management of a range of projects. businesses and initiatives that will serve lo improve the quality ol lrfe of lo1 redents. The trustees have complied wrth the duty in seth.on 4 of the Chariiie5 Act 2LTh to have due regard to public benefrt guidants published by the Charity Commission. Nursery and Chlldcare provlslon The Nursery has continued to meet the demand for places for chikjren of the other age range of 2-5yrs. B85ed in the heart of the Craghead communty the Nursery has provKJed both fee paying and funded earty education places for local thildren. Craghead Childcare@ BurnsKJe Famty Cenlre has suffered reduced numbers wilh Ihe onwing pandemic and Ihe availability of places * a nekn schod. As a resu this service was closed in April 2022. Burnside Family Centrg The Trust has continued to develop seNices and acbvilie5 at Bumside Family Centre working in parthership with local organisalions and directed by the local communty of South Stanley. Local Houslng Project The Trust has continued lo offer affordab rents as larKllord for three properties in Craghead. Long- term tenant5 remain in these properties. Trust management We have continued to develop existing sermces and ath"vrh"es at Bumside Famity Centre. however demand for new services since COVID has been much redud. The Trust Manager continues to actively encourage work placements forthose seeking empk)ymenl w¢yking in partnership with the loeal Job Centre. ID.. oesa76c931eeS3ObCoda27d02262sb9eadC36
Craghead Development Trust Limited Company Limited by Guarantee Trustees. Annual Report Ilncorporntin9 the Dlrectorfs Report) Iconlhw•&) Year ended 31 March 2022 ObSectlves and actmtles Achievements and performance As described above the Charity has reviewed its areas of operats'on in considerathon of community priorities, service sustainakn"lty, financial iml¢ationS and Trust capacty- This has led to some services being closed Of extemalised Whi others have been maintained or enhanced. This has helped lo improve the Tnjsl's financial position and the Trustees are happy with perforniance for the year however the reduction in demand for the semces of the Childcare@ Bumside Family Centre has fesulled in rts closure in April 2022. We are also consoous of Ihe continuing financial pressures facing Ihe Trust and the Charity sector in general as such we conts.nue to revw the impact, viability and future potenlial of all service areas. Fln8nc•al revlew and reserves Th8 Trustees are salisfigd with lh8 finala1 performance for the year. Govemment 51PPOrt through the pandemic via grants and the furlough scheme have enabled the nursery to Continue when permitted to On, without the loss of Jobs. Trustees are happy Ihal Ihe Trusl has sufficienl resources to cover likely Cash reqUirenIS and contingencies for 2022-23. It does, however. remain the Tnl'S intention to fvrther improve ils financial positi and thus allow the development of existing or new projects lo support the chartty's objectives. The Trustees have Maintsid a dewgnated operating fun(1 to cover core running costs in the event of a funding shortsge. equivalent to 3 mcx)ths' salary costs. The housing fvnd represents the value of local housing assets and is not avaiLgble forthe day to day running of the charity wthoul sellin9 the properties. Risk M?na9efflent An ongoing review wocess is urrflertaken lo identify fvnding opportunthes available to the Charity and also any risks to which it is exsed. The Management Committee rewews financi81 activities regulady, th remedial action taken to compensate for any projected shortfall or overspend. Internal ri5k5 are minimised by a system of internal C¢tr(. thx IO.. Oe5a76c9319dee530bcOda27d02a2625b9¢8dG36
Craghead Development Trust Limited Company Limited by Guarantee Trustees. Annual Report Ilncorporatlng the Dlrectorfs Report} Year ended 31 March 2022 Small company provlslons This report has been prepared in ac(xJrdance with the pw$1 appk"cable to crmpanies enliued to the small companies exempts'on. The Injstees. annual report was approved on 6 n£ Z£)ZL and signed on behaw of Ihe board of Iruslees by.. G Hunter Trustee Director Doc ID.. Oe5a76C9319dee530bc(hJa27d02a2625b9eJ¢36
Craghead Development Trust Limited Compary Llmlled by Guarnntee Independent Examlnerfs Report to the Trustees of Craghead Development Trust Llml¢ed Year ended 31 March 2022 I report on the financial slaternents for the year ended 31 March 2022. which comprise the statement of ffinanual activities (including income and eXpeliture acco1}. ststement of finarwl Frf)sition and the related notes. Respectlve responsibllltles of trustees and examiner The trustee$ (who are also the directors of Ihe company for the purposes of company lawl are responsible the ppafatton of the financial statements_ The trustees Consider that an audil is not required for thi5 year urKler seckn.on 144{2) of the Ch8rilies Act 2011 {Ihe 2011 Aet) and that an independent examination is needed. H8V4ng s8ts"sfied myself that the charity is not suwt to aJrt under company law and is eligible for independent examinatron, it is my sponSIbl to: examine the accounts under section 145 of the 2011 Acl; to fdlow the procedures laid down in Ihe ger*ral Directs($ gNen bythe Charity Commission under section 14515llbl of the 2011 Act- and lo stste whether particular matters have c¢)me to my attentK)n. Basis of ind•pend•nt •xaminerf$ report My examination was carried out in accordance the general Direclions gtven by the Charity Commission. An examination indudes a rewew of Ihe a¢counl6ng records kept by the Charity arKI a comparison of the acccwnts presented 1th those records. It a150 include5 consideration of any unLFsual items or disclosures in the aec¢yJnts. and seeking explanations trom you as truslees conceming any such matters. The procedures undertaken do not provide all the ewdence that woukl be required in an audit and consequently no opinion is given as lo whether Ihe accounts present a'true and fair view. and the ieport is limited to those matters set out in the nexl ststement Independent examinerfs statement In connection th my examination, no matter has rne to my attents"on.' 111 which gives me reasonable cause to believe that in any material respect the requirements.. to keep accounkn.ng re(x)rds in accordan with section 386 ofthe Companies Act 2C¥)6. and to prepare accounts which accord with the accounting reCdS. mplY wilh accounting requirements of section 396 ofthe Companies Act 2006 and with the methods and principles of Ihe Statement of Recommended PraCte.. Accounting and RepcwtirrfJ by Charities have not been mel, or {21 lo which, in my opirmon. attention should be drawn in order to enable a proper underslanding of the accounts to be reached. CF MILBANKE FCA 3S AccoLfnl8ncy SeNices 5-8 Priestgale Dartinglon DL1 INL C10. Oe5a76c9319dee530bcOda27d02a2625b9eadc36
Craghead Development Trust Limited Company Limited by Guarantee statement of Financial Activities (in¢luding income and expenditure o¢¢ountl 31 Mah 2022 2022 2022 2022 Restricted Totsl funds 2021 Total funds Unrestricted Income and endowrnents Donalior¢s and legacies Charitable aclivities Investment income 7.867 203,041 27.428 35.295 203.041 97.698 168,498 Total Income 210,)8 27.428 238.336 266.196 Expendlture Expendilure on charilable activibes Total expendlture 218,785 19.675 238.460 241.710 218.785 19.675 238.460 241,710 Net income Transfers 17.8771 5,208 7,753 {5.208) {124) 24,486 17 Net movement in funds {2.669) 2,545 {1241 24.486 Reconciliation of funds Total funds broughl forwwd Total funds carried forward 242.187 31.899 274,086 249,600 17 239.518 273.962 274.086 The stslement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing aClives. The noles on pages 8 to 16 forni part of these Ilnanclal staternents. Dc¢ ID.. o85a731s3Ooda27dO2a262sbge&Yca6
Craghead Development Trust Limited Company Limited by Guarantee stateme of Financial Position 31 March 2022 2022 2021 Flxed assets Tangible fixed assets 14 138,000 141.918 Current assets Debtors Cash al bank aThJ in hand 15 5,267 139,334 3,301 138.247 144601 141.548 Creditor5: amounts falling due wSthin one year Net current assets 16 8,639 9.380 135.962 132.168 Total assets less current Ilabilltles 273.962 274,086 Net assets 273,962 274,086 Funds of the charlty Unrestricted funds Restrided fvnds 239.518 34,444 242,187 31.899 Total charbty funds 17 273.962 274086 For the year ending 31 March 2022 Ihe charity was entided to exemption from alt under section 477 of Ihe Companies Act rdating to small companies. Trustees, responsibilities.. The members have not required the Charity to obtsin an audit of rts fw)ancial ststemenls for the year in queslion in accordance vAth se(aion 476; The Iruslees aL*nowledge their reswnsibilities for complying wtlh the requirements ofthe Act Wbth respect to accounting records and the prepara11¢ of finanual Statents. These financial statements have been prepared in accordan the proViOnS applicAble to companies subject to the small Compan$. regime. These financial statements were approved by the tard of trustees and aulhori5ed for issue on . 6 L2t(6e< , and are svJned on behaff of the board by.. G Hunter Trustee DI¢¢01 Company registration number 05120656 The notes on pages 8 10 16 forni part of these financial sLthments. ID.. oe5876c93le9s3C1)a27dQ2a2625b9e8d¢36
Craghead Development Trust Limited Company Llmited by Guarantee Noles to the Flnanclal Statements Year ended 31 March 2022 General inforniation The charity is a private company limited by g¥JaTantee. Tegsslered in England and Wales and a registered charity in England and Wales. The address of the registered office is Burnside Family Cenlre, Mendip Terrace, Stanley. Ourham DH9 6QP. Stst8menl of compliance These financial statemts have been epa in coMplnce with FRS 102. The Finanual Reporting Standard applicable in the UK and the Republbc of Ireland.. the Statement of Recommended Practice applicabbe to than1S preparing their accounts in accordance with the Financial Reporhng Slandard applicable in the UK and Republic of Ireland IFRS 1021 (Charities SORP IFRS 102}} and Ihe Chafities Act 2011. AG¢ounling polkles Basis of preparation The financial statements have been prepared on the historical cosl basis. as modified by the revaluation of certain finanaal assets and liabilities and investmenl properties measured at fair value through income or expenditu. The financial ststements are prepared in sterfing. whh is the fvnctional currency of the entity. Golng con There are no malerial uncertaintss ayyjtthe chanty's ability to LY)ntinue forthe fofyseeable future. Fund accounting Unreslricled funds are aVailae for use at the diSCTelion of the trustees to further any of the charity's purpose5. Designated fvnds are unrestricted funds earnaed by the trustees for particular fvture project or commilmenL Restricted funds are subjected to restrictions on their expendrture dedared by the dcOr or through Ihe lemis of an appeal. Dct ID". (k5a76c9319dee530b¢Oda27th)2a2625b9ead¢36
Craghead Development Trust Limited Company Llmlled by Guarantse Not•s to the Financial Ststements Year gnded 31 March 2022 Accounting policies {¢tinfr Incoming resources JI ir19 resources are induded in the stslement of financk31 activities when entiuemenl has passed to the charity- il is probable that the economic beneffts assoualed swth the transaction will flow to the charity and the amount can be reknably measuied. The followiThJ ScIr policies are applied lo particular tegOrieS of income.. income from dcfftations C grants is reccMJnised wn Ihere is evidetKe of enttllement to the grft. receipt is probable an(J its amount be measud reliabty. legacy ncome is recognised when receipt is [babIe and entillenl is e51abli5hed. income from donated goods is measured * ts fair value of the g¢y)ds unl85s this is impractical to Measu reliably. in which se the value is derived from the c05t lo the donor or the estimated resale value. Donated faalilies and serwces are recognised in Ihe accounts en received if the value can be reliabty measured. No aftKxJnts are included for the contribution of general volunteers. income from contracts for the suppty of servtis is recwised with the delivery of the Jtracted service. This is dasstfied a5 unrestricted funds unless there is a contractual requirement IOT Il to be spent on a partic]ar pOSe and relumed if unspenL ITr which case rt may bè regarded as restricted. Resoue5 expended Expenditure is reCOgrSe M an a¢uuals bags as a liakn.lty is inCud. Expenditure includes any VAT which cannot be recovered. and is dasstfied under het•Jings of the statement of financial aclivities lo which it relates.. expenditijre on raising (d5 includes the costs of all fvndraising activities. events, non- charitable trading activit$. and the sale of donated g(*xls. eXperlture on charitable activrties indudes all costs incurd by a charrty in undertaking activities that further its charitsble aims for the benefit of its beneficiaries. ineluding those support costs and costs relating to the govemance of the charity apportioned to charitable activities. other expenditure includes all expendrture that is neither related to ratsing funds forthe charity part of ts expenditure on tharitable adivities. All costs are alocated to expenditure categories reflecting the use of the resource. Oirect costs atth'butsble 10 8 5tngle activity are allcKaled directfy to thal acbvity. Shared costs are apportioned betsveen the activities Ihey contribule to on a reasonable. juskn"fiable and uynsistent basis. Tanglble assets Tgible assetsare initiallyrecorded atr))sl. and subsequenty stated atcost less any accumulated depreciation aNJ impairment k)sses. Any tangible assets Carried al revalued amounts are recorded at the lair value at the date of revaluation less any subsewent accunulated deFwatw)n and subsequent accumulated impairment losses. ID: oesa76c931e53ObCoda27dO2a2625b9eade3S
Craghead Development Trust Limited company Limitsd by Guarantee Notes to the Financial Statements (ronlinu•dJ Year ended 31 March 2022 Ac¢ountlng policies {eOnilnuedJ Tangible assets fcontloudJ An increase the carying amounl of an asset as a resuA of a revaluan. is reccgnised in other Tecognised gains and losses, unless it reverses a charge for impaimnt that has pvIcJsIY teen recognised as expenditure wthin the statement of finanal activities. A decrease in the carying amount of an asset as a result of revaluion. is recognised in other recognised gains and losses, oxcept to which il offsets any previous Valuation gain. in which case the Ios5 15 5hovm within other recognised gains and bsses on the statement of financial activities. Depreciation DeprecIa"0n is calculated so as lo write off the cost or valuation of an asset, less rts residual value, over the useful economic lrfe of that asset as follows.. Housing prtperbes Clirnbin9 wall Other equipnnt (WW20 over 2 years over3 yèars Impairrnent of fixed assets A wiew for indicators of impaimienl is carTied out at each reporting dale. wtth the recoverable amount being estimated where such indicalors exist. Where the carying value exceeds the recoverable amounl, the asset is impaired aCtrdinglY. Pr impamients are also reviewed for possible reversal al each reporting date. For the purposes of impairment testing, when It is nol possible to eslimate recoverable amount of an indmdual asset. an estimate is made of the recoverable amount of the cash-generating unit lo which the asset belongs. The cash-9enerating unit is the smallest identifiable group of assets that incIje$ Ihe asset and generates cash inflows that largely independent of the cash inflows from other as5els or groups of asset5. Flnancial instruments A financial asset or a financial liabty is recognised only when the charity becomes a pty io the eontraclual provisions of the instrument Basic financral instruments are inib.alty recogThsed al the amount receivable payable including any related tran&%tion costs. Current assets and Cent liabilities are subsequently measured al Ihe cash or other consideration expected to be paid or reiVed and not discounted. Debt instruments are subsequenljy measured al amortised cosL -10- tk¢ ID". Oe5a76c9319dee530bcOda27d02a2625b9ea(Jc36
Craghead Development Trust Limited Company Limited by Guarantee N¢)tss lo the Financlal Statements Year ended 31 March 2022 Ac¢ountlTrg poll¢le$ Financial instruments I¢) Where investments in shares are publicly traded or their faif value can otherwise be measured reliably. the investment is subsequentty measured at fair value with changes in fair value recognised in inwne aryj expenditure. ALI other such Ènvestments are subsequentfy measured at cost less impairment. Other finanCb instruments. including derivatives. are inibalty reccgnised at fair value. unl8SS payment for an asset is deferred beyoThJ normal business temis or financed at a rate of interesl that is not a market rate. in which case the assel is measured al the present value of the future payments discounted at a market raie of intere51 f¢X a simikr debt Instrunt. Limited by guarantee The company is limited by guarantee. the mernbe guaranteeing to contribute up to £1 in the event of the corrwny winding up. There is ultimate controlling party. Donatlons and legacie5 2022 Unrestricted 2022 2022 Restricted Total Funds Grants Grants rewvable Oonations 7.867 27.428 35.295 7.867 27.428 35.295 2021 Unrestricted 2021 2021 Restricted Total Funds Grants Gran15 receivable Oonations 19.323 78.375 97.698 19.323 78,375 97.698 11 Oc¢ ID: 0t5a76c931eS3¢JkIa?7d02A36zsbgeadc3s
Craghead Development Trust Limited COnaTrY Llmlted by Guarantee Notes to the Financial Statements (c¢)nlifttse Year ended 31 Mah 2022 Income from charitable aclivitjes 2022 2022 2021 2021 Unrestricte(l Total Funds UnStrICted Total Funds Burnside Nursery Trust Housing 404 191.597 300 157.169 300 157,169 191,597 11.040 11.040 11.029 11,029 203.041 203.041 168.498 168,W38 Inv•slmenl income 2022 2022 2021 2021 unrestn.cted Total Funds Unrestricted Total FuTrds 8ank interest receivable Expendlture on Charitable activities by fvnd type 2022 Unrestricted 2022 2022 Restrided Totsl Funds Direct Charitable activities Support costs 203.538 15.247 19.675 223.213 15,247 218.785 19.675 238.460 2021 Unrestricted 2021 2021 Restricted Total Funds Direct charitable acliwties Supw1 costs 163.225 . 18.638 59,847 223,072 18,638 281,863 59.847 241.710 Expgndllure on charitable activities by activity type 2022 2021 Bumside Nursery Trust Housing 12.388 159.113 54,065 12.894 10.012 159,041 54.759 17.898 238.460 241.710 12- tkc ID: Oe5a76c931*e530bcLNJa27d02a2625b9eadc36
Craghead Development Trust Limited Company Limited by Guarantee Noles lo the Finan¢lal Statements (C8j Year ended 31 March 2022 10. Net Income Net income is stated after chargingl(creditingl: 2022 2021 Depreciation of tsngible fjxe(l assets 3,629 9,532 11. Independent examlnatlon fees 2022 2021 Fees payable to the independent examiner for.. Independent examination of the financial stslements 1.300 12. Staff costs The lotsl staff costs and ernOyee beneffts fc the reporting period are analysed as follows.. 2022 2021 Wages and saSaries Social security cos15 Pension contributions 170.668 5.545 3.751 169.993 4,926 3.611 178.530 179.964 The average head count of empbyees during the year was 15 {2021.. 181. The average number of employees during the year analysed as follows.. 2022 No. 2021 No. Trust manag Nursery 14 17 15 18 No ernOyee re1ved employee benefils of Ir than £60.IM during the year12021.' Nill. 11 Trust9e remuneratlon and expenses No remuneration ry expenses were paid to tru51ees during the year {2021.. £nill. During the year lees f¢X accountancy services of £1.864 were paid to TLB Accountsncy see8, a business controlled by T Bowman. 13- tkt IO". Oe5a76c9319dee53O27dO2a262Sts9eadC36
Craghead Development Trust Limited Company Llmlted by Guaranlee N*)te$ to the Financial Statements {¢wdnu8d) Year ended 31 March 2022 14. Tangible fixed assets Housing properties Equipmenl Climbing wall Total Cost or valuation At 1 April 2021 Additions 138.OIKI 61.122 16.938 216.060 At 31 March 2022 138.000 61.122 16.938 216,060 Depreclatlon At 1 April 2021 Charye 57.493 3,629 16.938 74,431 3,629 Al 31 March 2022 61,122 16.938 78.060 Carrytng amount Al 31 March 2022 138.() 138,000 At 31 Mar¢h 2021 138,fJY) 3,629 141.629 Housing PToperkn"es are induded al directors vabJation as at 31 March 2022. The original cost ol the properties was £69.1C(J. In 2017 the charty entered inloa 30 year lease at peppercLYn rent for Burnside Resource centre from Durham County Council. 15. Debtors 2022 2021 Trade debtor5 Other debtor5 1,306 3.961 1,347 1.954 5.267 3.301 16. Creditors: amounts falllng due wlthln one year 2022 2021 Trade edrtOrs Social security and other taxes Other CditOrS 2.127 2.202 4.310 4.076 1,189 4.115 8,639 9,380 -14- Doc ID.. 0e5a76C9318eS3tIJa27do2a262sbg8adC3s
Craghead Development Trust Limited Company Llmlted by Guarantee Notes to the Financlal Statements (¢on Year ended 31 March 2022 17. Anatysis of Chafltable funds Unrestricted funds 1 April 2021 Income Expenditure Transfers 31 Maich 2022 GerEra5 fijnds (tree reserves) Oesignated funds: Operating fund Housing fund 69,187 210.908 (218.785) 5.208 66,518 35,000 138.000 35,000 138,000 242.187 210.908 1218.785) 5.208 239.518 The trustees have designated an operating fund lo be set aside to o)ver core running costs n the event of a funding shortage. equivalent to 3 monlhs. salary costs. The housing fund preSentS the value of local housing assets and is not available for the day to day njnning of the charity without selling the properties. Within the housing fund is £68.900 (2021.. £68,91X)l in respect of revaluatiorE. R8stricted fvrbds 1 April 2021 Income Expenditure Transfers 31 March 2022 Housing properties Homes England Nursery allotment I outder Womens group Youth group Winter resilience Mens group Mental heamh Bumside r8pairs Sensory gaen Coronavirus funding 2.970 12.903 11.3221 18.322) 1.648 13.806 9.225 1.107 4.796 1810) 1363) {422} {850) {121) {2571 (8751 (2,0341 {4,299) 119.6751 297 4,533 500 150 5,628 1,743 2,913 3.226 3.000 (2.900) 1,1)00 (2.900) S.649 3.000 2.000 3.788 5.260 4,299 31.899 27.428 {5.2081 Transfer5 between funds repre1 intemal rent re-chanjed and restricted furmls expended on apitsl items. Nursery Allotm¢nt l Outdoor- Funding for resource5 and equipnt needed for the children at the nuT5ery allotment arKI the renovation of Ihe nursery allolment. Housing propèrties- furKling CeIve(t0 purthase. refurbish and Mattain Craghead properties. Womens, Mens and Youth groups - monies held on behalf of these grcNJps. for their specific use. Bumside repalrs- income specfficaly for the imFKovemenl of Bumside Family Centre 15- DLX ID". Oe5a76c931*e530trthJa2Td02a2625b9eadc36
Craghead Development Trust Limited Company Limlled by Guarantee Notes to the Flnandal Statements (conwnuedl Year ended 31 March 2022 17. Analysls of charltable funds (¢OTrtlnuj Net assets are split as folJowE- 2022 unre$trlct Restricled 2021 Unrestri¢ted Restricled Totsl Total Fixed assets Current assets olher than cash Cash at bankl in hand Cuffent 138.000 138.000 141.918 141.918 5.267 5.267 3.301 3.301 104.890 34.444 139.334 1[.348 31.899 138,247 18.639} (8.639) (9.3801 19.3801 Total net assets 239.518 34.444 273.962 242.187 31,899 274.086 -16- tkt ID.. OeSa76c9319dee530bcOda27d0282625b998dc36