Charity registration number 1108131 (England and Wales) Company registration number 05235539 ST MARTIN'S CENTRE PARTNERSHIP ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
ST MARTIN'S CENTRE PARTNERSHIP LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mr G Dunn Mr G Park Miss J Harris Mr K Edgell Mrs L Williams Reverend J Sadler Reverend T Ferguson (Appointed 19 February 20251 Charlty number 1108131 Company number 05235539 Registered office Sl Martin'5 Centre Rornan Avenue Byker Newcastle upon Tyne Tyne and Wear England NE6 2RJ Independent examiner Robson Laidler Accountants Limited Fernwood House Fernwood Road Jesmond Newcastle upon Tyne Tyne and Wear England NE2 1TJ Bankers Unity Trust Bank PIC Four Brindley Place Birmingham B12JB
ST MARTIN'S CENTRE PARTNERSHIP CONTENTS Page Trustees, report Independent examiner's report Slalement of financial activities Balance sheet 10 Statement of cash flows 11 Notes to the financial statements 12-23
ST MARTIN'S CENTRE PARTNERSHIP TRUSTEES. REPORT (INCLUDING DIRECTOR'S REPORT) FOR THE YEAR ENDED 31 MARCH 2025 The trustees are pleased to present their annual directors, report with the unaudited financial statements of the charity for Ihe year ended 31 March 2025. which are also prepared to meet the requirement of a directors, report and accounts for Companies Act purposes. The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandurn and Articles of Association, and Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their annual accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). St Martin's Centre was completed in 2006 and is a large, bright space consisting of four multipurpose rooms, a coffee shop, a kitchen, nursery and a church. Situated on the border of Byker and Walker in Newcastle upon Tyne, the centre provides a facility which is used by all sections of this community as a safe meeting and learning place. OBJECTIVES AND ACTVITIES Objectives and alms The objects as set in the Governing Document are-. -to promote the physical, intellectual and social development of young children, particularfy those who are disadvantaged, to ensure that they are ready to flourish when they go to school., to promote the benefit of the inhabitants of the City of Newcastle upon Tyne, and in particular the East End of that City (the area of benefit) by associating together the local inhabitants and the local authorities, voluntary and other organisalions in a common effort lo advance education and to provide facilities in the interests of social welfare for recreation and leisure lime occupation with the object of improving the conditions of life of the said inhabitants., -to advance the Christian religion., -to establish or secure the establishment of a Community Centre and lo manage and lo rnaintain the same and to do all such things as are usually carried out in such a centre in furtherance of these aims. The Charity fulfils these objects by.. -The delivery Df children's services specifically for the local community in liaison with partners, inclLJding Children and Families Newcastle East, through which the Charity seeks to provide opportunities for personal and social development of children and their families lo address issues that affect their lives and maximise opportunities for children. The provisian of quality childcare in St Martin's Centre Nursery, providing term time day care for local children aged between two and five. Providing volunteering and training opportunities, principally in the coffee shop and nursery, to help local people move closer to employment, increase their skill set and confidence levels. Delivering a wide timetable of activities for older people, providing a welcoming environment where people feel supported and new friendships are made. The provision of outreach support lo those who are most vulnerable in our comrnunity, and the provision of food parcels for families and individuals in their times of need Working in a wide number of partnerships, including statutory bodies and other voluntary sector organisations, and in consultation with the local community to provide facilities and activities to incr8ase awareness and opportunities for residents of all ages. -Sl Martin's Centre incorporates St Martin's Church and the centre works in partnership with the church, although the charity does not promote any religion and Ihe centre is welcoming to people from all faiths or none. -In addition to delivering the Charity's own activities and services. space within the centre is also available to hire by local organisalions, thereby maximising the use of the space and providing the best possible facilities for local residents. The Charity aims lo include services and activities for all age ranges, cultures, circumstances and abilities. The mission of St Martin's Centre Partnership is to work with local people to live happy, healthy and safe lives.
ST MARTIN'S CENTRE PARTNERSHIP TRUSTEES. REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Slgnlflcant actlvltles The trustees approved a revised business plan, which outlined the programme of activities and development areas for the year. This focused mainly on the continued support for the community during the ongoing cost-of-living crisis and the development and adaptation of projects to respond to the needs of our community. These are highlighted in more detail below.. Chil ren an Following the 'outstanding' judgement in July 2022, Sl Martin's Centre Nursery has worked hard to maintain the same level of service, maximising the opportunity for children to reach their potential and be in the best possible position lo start school. The number of children with special educational needs continues to be high compared to pre-pandemic levels and we employed a SENCO Leader and a specialist SEN Early Years Practitioner during the year lo provide one-to-one focused activities with the children in the nursery and ensure each child can access the maximum amount of support available during their lime with us as well as providing support to the families. Daily attendance at the nursery is good, with an average attendance of 82 /0 for the year. We have continued to offer a 'Slay and Play, session for parents with young children funded from our reserves. This has been well attended during the year, with an average of 30 each session. Volunteerin Volunteers receive a full induction and training, relevant to their role in the centre. Opportunities are available in the coffee shop, nursery, older people's groups and young children's activities. We are a small staff team and recognise that without volunteers we wauld not be able to offer the wide range of services and activities that we do. We also understand the beneficial impact volunteering has on the volunteers themselves, with improved confidence, feelings of wellbeing and skills gained. An amazing 1,796 hours {2024.'993 hours) were donated by volunteers in the year, equivalent to 1 FTE post. Older Peo le and Befriendin and Wellbein ro ecl We offer a full In-house timetable of activities for older adults, including exercise classes, soaal groups, IT support groups, hot meal provision and trips and excursions. During the year, the provision of physical activities was expanded to include line dancing and stretch, with ongoing classes including chair-based exercise, Zumba Gold, Tai Chi and Gentle Circuits. On average, we welcome 11512024'.761 older adulls to the groups each week. This work is funded by the Kellett Fund Ihrough the Community Foundation serving Tyne & Wear and Northumberland, with the expansion of physical activities funded by the Pargiter Trust, together with the Pamela and Dorothy Denham, Joseph Brough Charitable Trust, Brian & Margaret Thompson and Pamela Denham Grassroots funds, all through the Community Foundation serving Tyne & Wear and Northumberland. We are into our final year of funding frorn Henry Smith Charity to develop and deliver our Befriending and Wellbeing project, which was identified as a need through our outreach work during the pandemic. The project cyjnlinues lo do well, with social prescribers referring those most in need for friendship and support in their own home. The funding also includes the continued provision of food parcels to familie5 and individuals, with 540 12024.'6131 parcels distributed in the year. For part of the year, Search Newcastle funded our fortnightly Memory Tea sessions for those diagnosed with dementia. The group offered a variety of activities and trips, including pet therapy, drumming and singing sessions. This relaxed group was so beneficial, both to people living with dementia and their carers, that we have continued delivery of the groLJP, funding il from reserves Ljnlil all2rnative funding can be sourced. The Avenue coffee sho The Avenue is at the heart of the centre, offering affordable, delicious meals, snacks, barista coffees and drinks as well as a place to feel welcomed and make new friends. It also provides volunteering opportunities where local people can gain customer service and barista skills, as well as improving confidence and feelings of wellbeing. Cost of livin crisis In FebrLJary 2025, we received funding from Newcastle City Cauncil to support our wellbeing hub. This has enabled the provision of free snacks and drinks in the coffee shop from March and into the new financial yea r, with 442 free snacks provided in the first month. We also generated fundraising from local businesses and at the Christmas Fair to supply Christmas hampers containing gifts, treats and food staples lo 57 families most in need.
ST MARTIN'S CENTRE PARTNERSHIP TRUSTEES. REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Public benefit When planning the activities for the year, the trustees have regard to the Charity Commission's guidance on public benefit. St Martin's Centre runs activities and programmes for all age ranges and the ServIS are open lo all members of the local community. The people accessing our services benefit directly through the services and activities we provide. Through participation in our programmes and activities they develop the skills and confidence lo be able to make positive choices and are able to inGrease their living standards, health and wellbeing. Working with our staff they are able to identify barriers to success and develop the skills and strategies to overcome them and progress into education, employment, volunteering or training. They are able to form better relationships with peers and families and work lowaTds contributing to the IoGal comrnunity in a positive way. This also benefits the family and the local community. Less than 1.10 of nursery income was received in the form of fees, highlighting the level of deprivation in the area we serve. The Centre has arguably benefited the public more during recent limes than at any other time in its history. People are increasingly in need following the pandemic and continuing cost-of-living crisis and we have extended our reach, been flexible in our delivery and secured sufficient funding to be able lo carry this out. Volunteers St Martin's Centre has a volunteering policy in place, together with volunteer agreements and staff policies which also relate to volunteers. During the year we worked with 23 volunteers (2024'.291, with 23 active volunleers at the year end. Currently we have 22 active volunteers. ACHIEVEMENTS AND PERFORMANCE Charitable activities Our general activities within the centre are driven by the community around us in Byker and Walker, Newcastle upon Tyne, and we offer a wide range of activities for all age groups, SUGh as Ihe under-five play groups, nursery provision for two to five year olds, baby socials and breaslfeeding support groups. For the over 55s, we offer a weekly nutritious, home-made lunch and sociallsupport groups to tackle the key problem of social isolation amongsl the elderly wilhin Byker and Walker. We have extended our provision with our outreach Befriending and Wellbeing project. providing social support for people in their homes and Ihe continued provision of food parlS to those most in need via referrals from social prescribers, schools, GPS and local organisations. We also offer a volunteering project, providing skill building, training and volunteering experience in a professional workplace for local people. We work closely with the Children and Families Newcastle East, targeting those families most in need of our services. We are a dynamic and evolving centre that looks lo identify the need within our community and develop services appropriately. FINANCIAL REVIEW Financial dependency St Martin's Centre continues to be impacted by the uncertainty of financial support to the volunta ry sector and the cost-of-living crisis. However, the charity has received sufficient income to operate its essential services and support core costs, including from Newcastle City Council for Children and Families Newcastle East activities, room hire contributions and payments under government offers for nursery occupancy. In addition lo this income, the centre has benefited from the 5UPPOrt of many funders in the year, including.. Henry Smith Charity-, Garfield Weston Foundation; Kellett Fund al the Community Foundation Tyne & Wear and Northumberland,. Greggs Foundation., Ballinger Charitable Trust., Sir James Knott Trust., The Joicey Trust,. 1989 Willan Charitable Trust through the Community Foundation Tyne & Wear and Northumberland-, The National Lottery Community Fund., Shepherds Offshore., the Newcastle Wellbeing Hub Fund 2024125 through Newcastle City Council,. Pargiler Trust at the Community Foundation Tyne & Wear and Northumberland., Search Newcastle,. Winn Group and the Pamela and Dorothy Denham,. Joseph Brough Charitable Trust., Brian & Margaret Thornpson and Pamela Denham Grassroots funds at the Community Foundation Tyne & Wear and NorthLJmberland.
ST MARTIN'S CENTRE PARTNERSHIP TRUSTEES. REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Investment policy and objectives The fund balances carried forward at 31 March 2025 show a surplus total of £415,827 12024., £357,509). An operating surplus at 31 March 2025 amounting lo £58,318 12024.. £3,361) is shown in the Slalement of Financial Activities. The majority of fLJnds are expected lo be spent in the short term, so there are few funds for long terrn investment., however excess funds are deposited in an inlerest-bearing instant access account and a six-month fixed rate deposit account. Reserves policy The Charity currently has a contingency fund of reserves and any interest accrued is applied to the work of the charity. Al 31 March 2025 the free reserves amounted to £266,79512024.' £257,599). The trustees agreed a new reserves policy in May 2024, which comprises of a cessation reserve together with an income risk reserve. The cessation reseNe includes potential redundancy costs and exit costs for leases and contracls and the income risk reserve is based on three months, worth of unre5tricled running costs. These combine lo give a target reserve at the year-end of £242.9k. We are holding reserves slighlly above this level., hawever we expect the level of unrestricted reseNes lo fall in the new financial year, given the increased competition Dn funding streams, the continued impact of inflation and the cost-of-living crisis and the reduction in self-generated income from room hire. Designated reserves The trustees had previously designated £10,000 to spend on marketing and a new website. The majority of this has been spent, with the balance of £1,468 being carried foward for a further year lo cover any remaining costs. In addition, the trustees have approved a designated reserve of £36,000 to cover specific repairs and maintenance costs in the coming year. These include the replacement of external doors, new outdoor flooring within the nursery gardens and refurbishment of the ladies, toilets. Designated reserves also includes the capital asset fund, which represents the net book value of assets purchased using specific grant funding. Insurance Sl Martin's Centre Partnership used EcclesiastlC81 Insurance plc as the main insurers for the year and Victor Insurance as the insurers for the nursery. Politlcal contrlbutions The Charity made no political contributions during the year. Policy of payments of creditors 11 is St Martin's Centre's policy to pay all suppliers within their settlement terms. Pension Commitment St Martin's Centre Partnership has a pension scheme arrangement with Royal London and makes employer's contributions to the scheme. Membership is offered lo all staff and inclLJdes death-in-service cover. The company also has a NEST scheme to meet its auto enrolment dLJties. PLANS FOR FUTURE PERIODS A new project 5UPPOrting early years children displaying speech and language delay slarted in April 2025. The Ihree-year project, funded by The National Lottery Community Fund, focuses on developing and delivering activities for children and buildir)g trust with local families lo maximise benefils to the children and the families as a whole. We will also be focussing on securing continuation funding for our groups and activities for older adults, as the funding for these ends in the new financial year.
ST MARTIN'S CENTRE PARTNERSHIP TRUSTEES, REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity's governing documents are its Memorandum and Articles of Association, which constitute the charity as a limited company, limited by guarantee, as defined by the Companies Act 2006. The charills full name is St Martin's Centre Partnership. It is a registered charity in the Unit&J Kingdom, Charity No: 1108131 and a company limited by guarantee, registered in England No.. 05235539. Recruitment and appointment of new trustees Trustees may from time to time appoint a new Member of the charity as a trustee, whether to fill a casual vacancy or by way of addition to the Board, provided that the appointment does not cause the number of trustees to exceed the maximum number allowed. Trustees are appointed for three years and are eligible for re-election for further three- year terms. Organisational structure The charity is managed by a Board of Trustees together with a Finance Sub-committee. Both of these meet bi- rnonthly. The Chief Executive and Director of Finance and Business Development attend meelings of the Board of Trustees and the sub-committee but have no voting rights. A scheme of delegation is in place and day to day responsibility for the provision of services rests with the Chief Executive. The Chief Executive is responsible for ensuring that the charity delivers the services agreed by the Board of Trustees and ensuring adequate support and supervision of the staff team. Induction and training of new trustees When recruiting trustees, the Board looks for individuals with skills and experience which are of value to Sl Martin's Centre and which may not be represented by existing trustees. Trustees are recruited through advertisemenl or by recommendation, personal invitation, representatives from partnerships, ar from current or historic seNice users. Anyone wishing to become a trustee is required to undergo a check with Ihe Disclosure and Barring Services IDBSI at enhanced level and sign a declaration that they are not debarred from holding office. After appointment all new truslees go through an induction led by staff and board members. Key management remuneration The trustees consider the board of trustees, senior staff and in partiCLJlar the Chief Executive and the Director of Finance and Business Development as comprising the key management personnel of the charity in charge of directing and controlling the charity and running and operating the charity on a day-to-day basis. Other key personnel during the year include the Befriending and Wellbeing Manager and Nursery Manager. All trustees give of their time freely and no trustee remuneration was paid in the year. Details of trustee expenses, key management remuneration and related party transactions are disclosed in notes 9, 10 and 21 to the accounts. Trustees are required lo disclose all relevant interests and register them with the Chief Executive and in accordance with the charity's policy withdraw from decisions where a conflict of interest arises. The pay of the charity's key management is reviewed annually. The remuneration is also bench-marked with charities of a similar size and activity to ensure that the remuneration set is fair and not out of line with that generally paid for similar roles. Rlsk management The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. The Chief Executive present5 a risk register to the Board of Trustees annually. Services delivered to children, young people and vulnerable adults are risk assessed in accordance with the appropriate guidelines before commencement of any activity.
ST MARTIN'S CENTRE PARTNERSHIP TRUSTEES, REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were.. Mr G Dunn Mr G Park MrT Lennox Miss J Harris Mr K Edgell Mrs L Williams Reverend J Sadler Reverend T Ferguson (Resigned 19 February 20251 (Appointed 19 February 2025) This report has been prepared in accordance wilh the provisions applicable to companies entitled to the small companies exemption. The trustees, report was approved by the Board ofTrustees. Mr G Dunn Trustee Date.. ..11- NoV.19,- IOIJ
ST MARTIN'S CENTRE PARTNERSHIP INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ST MARTIN'S CENTRE PARTNERSHIP I report to the trustees on rny examination of the financial statements of St Martin's Centre Partnership (the charity) for the year ended 31 March 2025. Responsibilities and basis of report As the trustees of the charity (and also its directors for the purposes of company law), you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006. Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I repart in respect of my examination of the charity's financial statements Garried out under section 145 of the Charities Act 2011 (the 2011 Acll. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 14515)Ibl of the 2011 Act. Independent examinerfs statement Since the charity's gross incorne exceeded £250,000, the independent examiner must be a member of a body listed in section 145 of the Charities Act 2011. 1 confirm that l am qualified to undertake the examination because l am a member of Institute of Chartered Accountants of England and Wales, which is one of the listed bodies. I have completed my exarnination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any Tnaterial respect.. accounting records were not kept in respect of the charity as required by section 386 of the Companies Act 2006. the financial statements do not accord with those records., or the financial statements do not comply with the accounting requiremenls of section 396 of the CoTnpanies Act 2006 other than any requirement that the financial statements give a true and fair view, which is not a matter considered as part of an independent examination., or the financial slalemenls have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charilies preparing their financial statements in accordance wilh the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102). I havp no concerns and have corne acr055 no other matters in connection with the examination lo which attention should be drawn in this report in Order to enable a proper understanding of the financial statements to be reached. Michael Moran FCA Robson Laidler Accountants Limlted Fernwood House Fernwood Road Jesrnond Newcastle upon Tyne Tyne and Wear NE2 1TJ England Dated.. 10 tje co¥nb 2J2r
ST MARTIN'S CENTRE PARTNERSHIP STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Current financial year Unrestricted funds 2025 Restricted funds 2025 Total Total 2025 2024 Notes Income and endowments from: Donations and legacies Other trading activities Investments Other income 25,000 332,469 8,664 4,762 264,823 289,823 332,469 8,664 4,762 272,379 287,585 6,815 10,218 Total Income 370,895 264,823 635,718 576,997 Expenditure on: Charilable activities 328,278 249,122 577,400 573,636 Total expenditure 328,278 249,122 577,400 573,636 Net income and movement in funds 42.617 15,701 58,318 3,361 Reconciliation of funds., Fund balances at 1 April 2024 294,377 63,132 357,509 354,148 Fund balances at 31 March 2025 336,994 78,833 415,827 357,509 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
ST MARTIN'S CENTRE PARTNERSHIP STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Prior financial year Unrestricted funds 2024 Restricted funds 2024 Total 2024 Notes Income and endowments from: Donations and legacies Other trading activities Investments Other income 34,972 287,585 6,815 10,218 237,407 272,379 287,585 6,815 10,218 Total Incorne 339,590 237,407 576,997 Expenditure on: Charitable activities 353,968 219,668 573,636 Total expenditure 353,968 219,668 573,636 Net incomellexpenditure) and movement in funds 114.3781 17,739 3,361 Reconciliation of funds.. Fund balances at 1 April 2023 308,755 45,393 354,148 Fund balances at 31 March 2024 294,377 63,132 357,509
ST MARTIN'S CENTRE PARTNERSHIP BALANCE SHEET ASAT31 MARCH 2025 2025 2024 Notes Fixed assets Tangible assets 12 30,464 27.393 Current assets Stocks Oebtors Investments Cash al bank and in hand 1,388 17,699 85,000 307,481 1,131 20,192 14 15 334,567 411,568 355,890 Creditors: amounts falling due within one year 16 {26,205) 125,774} Net current assets 385,363 330,116 Total assets less current Ilabllltles 415,827 357,509 The funds of the charity Restricted income funds Unrestricted funds 19 18 78,833 336,994 63,132 294,377 415,827 357,509 The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2025. The director acknowledges his responsibilities for complying with the requirements of the Companies Acl 2006 with respect lo accounting records and the preparation Df financial statements. The members have not required the company to oblain an audil of its financial slalements for the year in question in accordance with section 476. These financial slalements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The financial statements were approved by the trustees on .1.1... Zoz Mr G Dunn Trustee Company registration number 05235539 (England and Wales) 10-
ST MARTIN'S CENTRE PARTNERSHIP STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 Notes Cash flows from operating activities Cash generated from operalions 22 57,990 23,875 Investing activities Purchase of tangible fixed assets Purchase of investments Investment income received 18,740} 185,0001 8,664 11,8181 6,815 Net cash {used inllgenerated from Investlng activities {85,0761 4,997 Net cash used In financing activilies Net (decrease)lincrease in cash and cash equivalents 127,086) 28,872 Cash and cash equivalents al beginning of year 334,567 305,695 Cash and cash equivalents at end of year 307,481 334,567 11
ST MARTIN'S CENTRE PARTNERSHIP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies Charity information st Martin's Centre Partnership is a charity incorporated as a company limiled by guarantee in England and Wales. The registered office is St Martin's Centre, Roman Avenue, Byker, Newcastle upon Tyne, Tyne and Wear, NE6 2RJ, England. 1.1 Accounting convention The financial statements have been prepared in accordance with the charity's Memorandum and Articles of Association, the Cornpanies Act 2006, FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland" I'FRS 102,1 and the Charities SORP "Accounting and Reporting by Charities.. Slalement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" (effective 1 January 20191. The charity is a Public Benefit Entity as defined by FRS 102. The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below. 1.2 Going concern At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements. 1.3 Charltable funds Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives. Designated funds are funds sel aside by the trustees out of unrestricted general funds for specific future purposes or projects. Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are sel out in the notes lo the financia5 statements. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. 1.4 Income All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it 15 probable Ihal the income will be received and the amount can be measured reliably. Donations are received by way of grants and donations and are included in full in the statement of financial activities when the charity has entitlement to the funds, any performance conditions attached to Ihe grants have been mel, and it is probable that the income will be received and the amount can be measured reliably. Grants and other income received in advance of the period to which they relate are treated as deferred income if the related expenditure cannot be incurred until the future period. Deferred income is included within liabilities in the balance sheet. 12-
ST MARTIN'S CENTRE PARTNERSHIP NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting policie5 (Continued) 1.5 Expendlture Expenditure is recognised as expenditure as soon as there is a legal or constructive obligation commilling the charity lo that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis, inclusive of any VAT which cannot be recovered. Charitable expenditure comprises all costs of activities in furtherance of the objects of the charity. 1.6 Tangible fixed assets Depreciation is recognisecl so as lo write off the cost or valuation of assets less their residual values over their useful lives on the following bases: Plant and machinery Fixtures and fittings Computer equipment 25 % reducing balance basis 15.10 on reducing balance 330/0 on reducing balance Assets are capitalised where it is expected Ihal they will be in use for a number of years. Assets costing below £25 will not be capitalised. An impairment review of fixed assets is conducted annually. 1.7 Stocks Stocks are valued al the lower of cost and net realisable value, after making due allowan for obsolete and slow moving items. 1.8 Cash and cash equivalents Cash and cash equivalents include cash in hand, deposits held al call with banks, other short-lerm liquid investments with original maturities of three months Dr less, and bank overdrafls. Bank overdrafts are shown within borrowings in current liabilities. 1.9 Taxation The charity is exempt from corporation tax on ils charitable activities. 1.10 Retirement benefits The charitable company operates a defined contribution pension scheme. Contributions payable to Ihe Gharitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. 1.11 Short term debtors and creditors Debtors and creditors with no interest rale which are receivable or payable within one year are recorded al transaction price. Any loss arising from impairment are recognised immediately in profit and loss. 1.12 VolunteeTS St Martin's Centre Partnership benefits from the time and skills of volunteers in all areas of op&aliona delivery. In accordance with Ihe Charities SORP (FRS 1021 this time is not recognised as a value in the accounts. Further information on volunteer contribution is included in the Report of the Trustees. 13-
ST MARTIN'S CENTRE PARTNERSHIP NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Donatlons and legacies Unrestricted Restricted funds funds Total Unrestricted Restricted funds funds Total 2025 2025 2025 2024 2024 2024 Grants 25,000 264,823 289,823 34,972 237,407 272,379 Grants receivable for core activities Children and Families Newcastle East National Lottery Community Fund Awards for All Henry Smith Charity- Care Costs Henry Smith Charity- Covid-19 Garfield Weston Foundation Ballinger Charitable Trust National Lottery Community Organisations- COL Fund Kellett Fund The Gregg5 Foundation Other 25,000 25,000 34,972 34,972 11,708 11,708 90,000 90,000 60,000 60,000 39.400 39,400 39,200 39,200 30,000 30,000 30,000 30,000 15.000 15,000 40,095 30,000 40,095 30,000 30,000 30,000 20,800 27,915 20,800 27,915 20,000 18,112 20,000 18.112 25,000 264,823 289,823 34,972 237,407 272,379 Government rants Incorlle from governments grants in the year comprise of grant funding from the Newcastle City Council lo support the Wellbeing Hub £3,250 {2024 '. £Nill and Community Organisations Cost of Living Fund delivered by the National Lottery Community Fund £Nil12024 £40,095). Governments grants totalled £3,250 {2024 £40,095). Other unanal sed rants Other grant income in the year cornprises of funding from Christmas Appeal £2,645, Sir James Knott £10,000, The 1989 Willan Charitable Trust £10,000, The Joicey Trust £2,000, We51being Fund INCCI £3,250, Emergency Fund £20. Other grant income in the prior year comprises of funding from The Pargiter Trust £3,471, Community Foundation - General Fund £6,418, Winn Group £2,000, Christmas Appeal £1,223 and Search Newcastle £5,000. 14
ST MARTIN'S CENTRE PARTNERSHIP NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Income from other trading a¢tlvities Unrestricted Unrestricted funds funds 2025 2024 Nursery income Cafe income Contributions from user groups 289,529 23,984 18,956 258,533 19,164 9,888 Other trading activities 332,469 287,585 Income from investments Unrestricted Unrestricted funds funds 2025 2024 Interest receivable 8,664 6,815 Other income UnrestrScted Unrestrlcted funds funds 2025 2024 other income 4,762 10,218 Other income comprises of miscellaneous income totalling £4,76212024'. £10,218). 15-
ST MARTIN'S CENTRE PARTNERSHIP NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Expenditure on charitable activltles Charitable Charitable expenditure expenditure 2025 2024 Direct costs Staff costs Depreciation and impairrnenl Rates and water Insurance Light and heat Telephone and ICT Postage and stationery Cafe purchases Sundries and cleaning Training Repairs and renewals Bank charges Travelling Nursery resources and refreshments Project resources and refreshments External salary costs Food parcels 413,146 5,669 3,988 3,419 18,996 1,135 4,061 12,231 32,019 448 19,836 501 8,257 12,825 9.329 14,416 14,724 422,835 6.322 7,174 2,289 13.663 1,534 5,465 10,232 29,517 2,735 20,322 399 5,944 16,082 7,729 3.680 15,194 575,000 571,116 Share of support and governance costs {s&e note 71 Governance 2,400 2,520 577,400 573,636 Analysis by fund Unrestricted funds Restricted funds 328,278 249,122 353,968 219,668 577,400 573,636 16-
ST MARTIN'S CENTRE PARTNERSHIP NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Support costs Support Governance costs Costs 2025 2024 Independentt examiners fees 2.400 2,400 2,520 2,400 2,400 2,520 Analysed between Charitable activities 2,400 2,400 2,520 Governance Costs includes payments to the independent exarniners of £2,400 (2024.. £2,520) for independent examination fees. Net movement in funds 2025 2024 The net movement in funds is ststed after chargingllcreditingl.. Fees payable for the independent examination of the charity's financial statements Depreciation of owned tangible fixed assets 5,669 6,322 Trustees None of the trustees lor any persons connected with them) received any remuneration or benefits fram the charity during the year. Trustees. expenses No expenses were reimbursed for expenses during this or the prior period. 10 Employees The average monthly number of employees during the year was.. 2025 Number 2024 Number Management and administration slaff Project staff Nursery staff Support staff 12 12 Total 21 22 17
ST MARTIN'S CENTRE PARTNERSHIP NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 10 Employees (Continued} Employment costs 2025 2024 Wages and salaries Social security Costs Other pension costs 378,519 23,665 10,962 389,440 22,531 10,864 413,146 422,835 Pension costs The charity operates two defined contribution pensions schemes. £10,962 has been recognised in the SOFA as an expense {2024- £10,864). rnana ement Key management personnel of Ihe charity are the trustees and senior staff and in particular the Chief Executive and the Director of Finance. The remuneration of all senior staff tatalled £154,071 12024.. £150,726). There were no employees whose annual remuneration was rnore than £60,000. 11 Taxation The charity is exempt from lax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 ta the extent that these are applied lo its charitable objects. 12 Tangible fixed assets Plant and Fixtures and machinery flttlngs Computer equipment Total Cost At 1 April 2024 Additions 17,769 74,880 8,740 10,664 103,313 8,740 At 31 March 2025 17,769 83,620 10,664 112,053 Depreciation and impairment At 1 April 2024 Depreciation charged in the year 14,758 753 54,462 3,608 6,700 1,308 75,920 5,669 At 31 March 2025 15.511 58,070 8,008 81,589 Carrying amount At 31 March 2025 2,258 25,550 2,656 30,464 At 31 March 2024 3,011 20,418 3,964 27,393 18-
ST MARTIN'S CENTRE PARTNERSHIP NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 13 Stocks 2025 2024 Stocks 1,388 1.131 14 Debtors 2025 2024 Amounts falling due within one year: Trade debtors Other debtors Prepayments and accrued income 1,865 9,991 5,843 7.033 6,555 6,604 17,699 20,192 15 Current asset investments 2025 2024 Unlisted investmenls 85,000 16 Creditors: amounts falling due within one year 2025 2024 Other taxation and social security Trade creditors Other creditors Accruals and deferred income 4,821 6,778 700 13,906 5,587 5,678 14,509 26,205 25,774 Included within accruals and deferred income is deferred income of £6,814 (2024 £3221 relating mainly to nursery income received in advance. 17 Retirement benefit schemes 2025 2024 Defined contribLttion schemes Charge to profil or loss in respect of defined contribution schernes 10,962 10,864 The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately fram those of the charity in an independently administered fund. 19-
ST MARTIN'S CENTRE PARTNERSHIP NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 18 Designated funds The unreslricled funds of the charity comprise the unexpended balances of donations and grants which are not subject lo specific conditions by donors and grantors as lo how they may be used. These include designated funds which have been sel aside out of unrestricted funds by the trustees for specific purposes. Movement in funds Incoming Resources resources expended Balance at 1 April 2024 Transfer5 Balance at 31 March 2025 General - Nursery Cafe and Hospitalty Capital asset fund Marketing reserve Repairs reserve 3,640 289,529 23,694 (268,6021 123,6941 15921 11.4181 124,567) 2,859 2,886 2,267 1,468 36,000 36,000 9,385 313,223 (294,3061 11,433 39,735 General-Nurser Funds received from Newcastle City Council under the Government's 2 and 3-year-old offers for childcare places, tO9ether with a small amount of private fees from parenlslcarers. Café and hos Income and expenditure from The Avenue coffee shop in the centre, together wilh hospitality provided to room bookings. ital Asset Fund This fund has been set up to represent the nel book value of capital assets purchased from restrided funding received from the Fresh Ideas Fund. 11 is being reduced each year in line with the charity's depreciation policy. rk The trustees have designated funds to spend on a new website and improved marketing. airs Reserve The trustees have designated fLJnds to spend on future repairs. 20-
ST MARTIN'S CENTRE PARTNERSHIP NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 19 Restricted funds The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to Specific conditions by donors as to how they may be used. Movement In funds In¢oming Resources resources •xpèndèd Balanc& at 1 April 2024 Transfer5 Balance at 31 March 2025 Henry Smith Charity - Core costs Henry Smith Charity - Covid-19 Garfield Weston Foundation Kellett Fund The Pargiler Trust Sir James Knotl Trust The Joicey Trust Winn Group Community Foundation general The Greggs Foundation National Lottery Community Fund Awards for All Emergency Fund Christmas Appeal Newcastle Wellbeing Hub Fund Search Newcastle The 1989 Willan Charitable Trust Ballinger Charitable Trust 90,000 39,400 30,000 30,000 160,0001 {44,9961 130,0001 132,4421 12,8211 110,0001 12,0001 11,4561 16,4191 (20,0001 30,000 9,587 25,000 7,338 15.183 25,000 9,780 2,821 10,000 2.000 1,657 6,419 1201} 20,800 800 11,708 20 2,645 3,250 111,7081 189 201 410 12,6451 (8841 12,0831 16,6681 115,0001 2,366 2,083 10,000 15,000 3,332 63,132 264,823 (249,1221 78,833 Pur ose of Restr en Smith Charit Core cos Three-year funding received to contribute towards the core costs of the centre. Smith Charit Covid - 19 Three year funding received lo develop and deliver the Befriending and Wellbeing Project Garfield Weston Foundation One-year contribution to the core costs of the centre. Kelletl Fund at the Communit FoLJnd8tion T ne & Wear and Northumberland Two-year continuation funding enabling the expansion and continuing services and activities offered lo older adults within our community. Par iter Trust and Communit Foundation ener Pamela and Doroth Denham Jo Charitable Trust Brian & Mar aret Thom son and Pamela Denham Grassroots funds al the Communil Foundation T ne & Wear and Northumberland Funding provided to extend the provision of physical activities for older adults. 21
ST MARTIN'S CENTRE PARTNERSHIP NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 19 Restricted funds (Continued) ames Kn 11 Trust A three-year contribution towards the core costs of Ihe cenlre. The Joice Trust A one-year contribution towards the core costs of the centre. Winn Grou The funding was used lo provide items within the Emergency Fund and to extend our provision around the cost-of-living cris15. Awards for All - The National Lotte Communit Fund The funding was Ljsed to deliver a variety of activities over the summer months for children aged from birth lo 11 years. The project also included meals and snacks to alleviate holiday hunger. Gre s Foundation One-year contribution lo the core costs of the centre. Emer enc Fund Funds generated through fundraising and utilised to provide ernergency supplies to families most in need. Christmas A eal Funds generated from the public and local organisations to provide Christmas hampers containing food and gifts to families most in need. Newcastle Wellbein Hub Fund 2024125 thr h Newcas11e Cit Council The funding provided free light meals and hot drinks to those attending the wellbeing hub in the Gentre, as well as contributing towards salary and utility costs incurred in the running of the hub. Search Newcastle Funding to operate bi-monthly Memory Teas for people living with dementia and their carers. The 1989 Willan Charitable Trust A contribution towards the salary costs of the Chief Executive role. The Ballin er Charitable Trust A Iwo-year contribution towards the core costs of the centre. -22-
ST MARTIN'S CENTRE PARTNERSHIP NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 20 Analysis of net assets between funds Unrestricted funds 2025 Restrlcted funds 2025 Total 2025 At 31 March 2025: Tangible assets Currenl assetsllliabilities) 30,464 306,530 30,464 385,363 78,833 336,994 78,833 415,827 Unrestricted funds 2024 Restricted funds 2024 Total 2024 At 31 March 2024: Tangible assets Current assetsllliabilitiesl 27,393 266,984 27,393 330,116 63,132 294,377 63,132 357,509 21 Related party transactlons During the year the charity employed the partner of one of the trustees. The total remuneration paid to the employee during the year was £13,125 12024 £13,102). The employment was on a normal commercial basis. There were no further related party transactions during the year. 22 Cash generated from operations 2025 2024 Surplus far the year 58,318 3,361 Adjustments for: Investment income recognised in statement of financial activities Depreciation and impairment of tangible fixed assets 18,6641 5,669 16,8151 6,322 Movements in working capital.. Ilncreasel in stocks Decrease in debtors Increase in creditors 12571 2,493 431 1647) 15,061 6,593 Cash generated from operations 57,990 23,875 -23-