2021-03-31-accounts - Key Community

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Contents		Pages
Legal and administrative information
Report ofthe trustees		2-7
Independent auditor's	report to the trustees	8-11
Statement offinancial	activities	12
Statement offinancial	position	13
Statement ofcash flows		14
Notes to the financial	statements

Registered		Charity Name	South Tyneside (will be referred	Churches' KEYProject to as KEYthroughout these financial	Churches' KEYProject to as KEYthroughout these financial	Churches' KEYProject to as KEYthroughout these financial	Churches' KEYProject to as KEYthroughout these financial	Churches' KEYProject to as KEYthroughout these financial	statements)
Registration		Numbers	Charity Number 1108921 Company Number 5031398
Trustees			BAskins
			JAskins
			P Brennan
			P Hayton
			SHamilton
			IMontgomery
			EHobson
			K.Shields (appointed (Trustees are also			15.06.2021) the directors	of	KEY for the	purposes	of
			company law)
Company	Secretary		JAskins
Registered		Office	116Baring Street
			South Shields
			Tyne Jt Wear
			NE33 2BA
Auditors			Torgersens
			Chartered Accountants
			Somerford Buildings
			Norfolk Street
			Sunderland
			SR1 1EE
Bankers			Unity Trust Bank Pic
			4 Brindley Place
			Birmingham
			Bl 2JR
			Barclays Bank	Pic
			53Fawcett Street
			Sunderland
			SR1 1SD
			Central Finance		Board ofthe Methodist Church
			9Bonhill Street
			London
			EC2A 4PE
Solicitors			Hardings
			58John Street
			Sunderland
			SR1 1QH

			Unrestricted	Restricted	Total	Total
		Note	Fundsf	Funds	2021 8	2020 6
INCOME
Income and endowments	from:
Donations and legacies		4	50,$35		50,835	7,808
Charitable activities		5	&9$,616	291,993	1,190,609	959,752
Other trading activities		6		194,793	194,793	105,169
Investments		7	432		432	632
Other Income						3,339
Total incoming resources			949'(83	4$6,786	1,436,669	1,076,700
EXPENDITURE
Expenditure on:
Raising funds		9	28,$11		2&,811	14,599
Charitable activities		10	694,643	306,247	1,000,890	792,775
Total			723r454	306,247	1,029,701	807374
Net incoming/(outgoing)	resources		226,429	180,539	406,968	269,326
Transfers between Funds			326,448	(326,448)
NET MOVEMKNT IN FUNDS			552,877	(145 tt&9)	406 tt68	269,326
Total funds brought forward			481393	506,797	988,190	718,864
Total funds carried forward			1,034,270	360,$88	1,395,158	98$,190

SOUTH TYNESID STATEMENT OF 31MARCH 2021	E CHURCH FINANCIAL	ES' KEYPRO POSITION	JECT
		Note		2021	2020
				8
FIXEDASSETS
Tangible fired assets		15		433,684	433,684
r rrp~wllrr 4~SEv'S
Debtors		16	159,935		45,185
Cash at bauk and in hand			&60,693		585,042
CREDITORS: amounts	falling due		1,020,628		630,227
within one year		17	(59,154)		(75,721)
NET CURRENT ASSETS				961474	554506
NET ASSETS				1395,158	988,190
THE FUNDS OFTHE	CHARITY
Restricted income funds		19		360,888	506,797
Unrestricted funds		20		1,034,270	481,393
Total Funds				1,395,158	988,190

31MARCH 2021
					2021	2020
						5
Surplus for the year					406,968	269/26
Ad)ustments for:
Depreciation snd impairment		oftangible
axed assets
Movement in working	capitah
(increase)/decrease in	debtors			(114,750)		(904)
Incrcasel(decrease) in	creditors			(16467)		70,998
					(131317)	70,094
Cash generated from	operations				275,651	339,420
Iavesting activities
Purchase oftangible tlxed assets						(62,812)
Net increase in cash and cash equivalents					275,651	276,608
Cash and cash equivalents		at beginning	of
year					585,042	308,434
Cash and cash equivalents		at end ofyear			860,693	585,042

value basis.	The unwindi	ng ofthe discoun	t is recognised as	an expense in th	e period in which	it arises.
VOLUNTARY	INCOME	—DONATIONS	AND GRANTS Unrestricted	Restricted	Total	Total
			Funds	Funds	2021	2020
Donations						~88

INCOME FROM CHARITABLE AC	TIVITIES
	Unrestricted	Restricted	2021		2020
	Funds	Funds	Total		Total
Anson C lose Income	17,517		17,517	20,890
Askins Lodge - Income	437,153		437,153	368,678
Askins Cottages	64,305		64,305
Stricklan d House Income	80,109		80,109	87,700
Dispers ed Properties —Income	75,282		75,282	72,423
116Bar ing Street —Rent I'rom flat	15,068		15,068	31,318
Flavia H ouse	114,850		114,850	103,048
Heaton Gardens	17,146		17,146
Hedley Close	16,186		16,186		2,508
Accommodation grant		40,833	40,833	32,500
Act 435		2,240	2,240		1,140
Ballinger Grant		15,000	15,000	15,000
Lloyds Bank Foundation	33,000		33,000
Consortium		90,249	90,249	93,407
Community Foundation		14,823	14,823	20,355
Covid 19Grants		15,658	15,658
DWF Charitable Foundation					1,000
Family Intervention Event-					1,000
Fuel Bursary Donation Hospital ofGod Greatham 116Baring Street - Grant		4,000	4,000		2,000 1,600
HMRC JRS Income		4,817	4,817
Kielder Trip					59
Property Purchase Grants				65,000
Mercers		8,000	8,000	30,000
South Tyneside Council Rates Relief	10,000		10,000
Young People Activities					126
Northumbria Police		5,000	5,000
Van - Grant				10,000
Virgin Money		10,000	10,000
Raindance Trust	3,000		3,000
Awards for All		10,000	10,000
BBCChildren in Need		9,913	9,913
Durham Community		2,150	2,150
Great North Run		250	250
Greggs		50	50
Homeless Link		16,900	16,900
Leathersellers	15,000		15,000
Scottish Power		40,810	40,810
GFINTLSOLS		1 300	1 300
Total Grants and Contracts	898616	Z99133		95	5

			Unrestricted	Restricted	2021	2020
			Fundsf	Funds f	Total f	Total f
Barbour re Christmas		party				700
Bursary Fund Food Bank/Support Fund Raising KEYStaff Clothing fund Client grants	Packs			194,293	194,293	1,000 60,482 2,019 39,795 50 623
Groundwork re trip						500
Gym passes				500	500
Total Income				~47	~193	~10

			2021	2020
Cash investments		held in the UK		~63
Investment	income in 2020 was unrestricted.

			Unrestricted	Restricted	Total	Total
			Funds f	Funds	2021	2020
Other	voluntary	income				u39

			Unrestricted	Restricted	2021	2020
			Funds	Funds	Total	Totalf
Advertising, Other fund	marketing raising costs	and development	3,420 25,391		3,420 25,391	555 14,044
			2 811		2' 811	~14 59

NOTES TOTHE FIN 31MARCH 2021	ANCIAL STAT	ANCIAL STAT	ANCIAL STAT	EMENTS
10. EXPENDITURE	ON CHARITABLE			ACTIVITIES
				Unrestricted	Restricted	2021	2020
				Funds	Funds	Total	Total
Anson Close				16,388		16,388	11,835
Askins Lodge Askins Cottages Baring Street —flat costs				362,969 58,556 17,852		362,969 58,556 17,852	256,673 20,253
Strickland House —salaries	and running		costs
				65,045		65,045	63,214
Dispersed properties —set up and running			costs	44,732		44,732	36,416
Flavia House —salaries and	running	costs
				68,144		68,144	87,864
Heaton Gardens —running costs Hedley Close —running costs Accommodation managers Art Project Mural				5,097 4,098	25,166	5,097 4,098 25,166	3,323 1,071 48,396 268
Staff costs (employed and other workers) - Consortium					88,068	88,068	93,127
HMRC JRS Salaries					4,817	4,817
Training Client expenses				4,061		4,061	1,580 623
Recruitment				553		553
Management Committee and AGM		costs					613
Food Bank —Salary and costs —Holiday Hunger					71,641 11,148	71,641 11,148	45,875 14,000
General office (computer, stationery		etc)
				1,168		1,168
Family Intervention Event Baring Street —running costs Bank charges Bursary expenses Fuel bursary Insurance				7,234 934 1,193	4,250	7,234 934 4,250 1,193	1,000 17,077 772 764 30 1,088
Projects —salaries and costs Young People Activities Act 435					71,271 3,015	71,271 3,015	64,429 443 965
Barbour re Christmas party Gym passes Kielder Trip Starter Fund							700 2 170 750
Van				2,209		2,209	12,140
Volunteer Expenses Website				3,135		3,135	433 2,081
Governance cost				4,600		4,600	4,800
BBCChildren in Need					9,913	9,913
Communications				5,646		5,646
Development costs Covid 19					1,300 15,658	1,300 15,658
IT Total resources expended				21 029 ~64 643	~34	21 029 ~10008 0	2 775

								2021	2020
							Total		Total
								g	f,
This is stated after charging			the	following:
Depreciation
Trustees remuneration
Governance	costs								~400
12. STAFF	COSTS AND NUMBERS
							2021		2020
									6
Staff costs (employed		only) comprise:
Salaries							550,426		439,966
Social Security costs							45,193		35,874
Pension costs							21,081		16,172
							616,700		492,012
The figures for pension		costs	referred		to above relate to KEY's contribution		to Staff Pension	Schemes. Two
members ofstaff are in		Stakeholder		Pension Schemes.
							2021		2020
The average	number ofpersons			employed		by the Trust was as follows:
Management	and administrative						3		3
Charitable activities							19		15
							22		18

31MARCH 2021	31MARCH 2021
15. FIXEDASSETS -		Tangible Assets
	Strickland		Heaton		Hedley		116Baring			Computer		Fixtures,	Total
	House		Gardens		Close		Street			Equipment		Fittings &
												Equipment
												K
Cost
At I April 2020		205,357	31,906		30,906			165,515			19,960	7,624	461,268
Disposals										~19960		~7624	~27 584
At 31March 2021			~31	06	~30	06		165	515				633684
Depreciation
At I April 2020											19,960	7,624	27,584
Disposals										~19960		~7624	~27 584
At 31March 2021
Net BookValue At 31March 2021 At 31March 2020			~10 ~306		~30 06 30900.			~165 Iii5	515 515
16. Debtors
												2021	2020
Amounts due from consortium												22,103	22,102
Housing benefit due												124,147	17,003
Service charges due												13,685	5,230
Other debtors and prepayments													850
												159,935	45,185
17. Creditors: amounts		falling due within			one year
												2021	2020
Taxation and social security
Other creditors, accruals		and deferred income										59,154	75,721
												59,154	75,721
18. ANALYSIS OF	NET ASSETS BETWEEN FUNDS
							General		Designated
							Funds			Funds	Restricted		Total
												Funds	Funds
Tangible fixed assets										61,754		371,930	433,684
Current assets							350,040			673,744		(3,156)	1,020,628
Current liabilities										(51,268)		(7,886)	(59,154)
Net Assets at 31March 2021							350,040			684,230		360,888	1,395,158
ANALYSIS OF NET	ASSETSBETWEEN FUNDS					—previous year
							General		Designated
							Funds			Funds	Restricted		Total
												Funds	Funds
Tangible fixed assets										61,754		371,930	433,684
Current assets										495,247		134,980	630,227
Current liabilities										(75,608)		(113)	(75,721)
Net Assets at 31March 2020										481,393		506,797	988,190

SOUTH TYNESI NOTES TO THE 31MARCH 2021	SOUTH TYNESI NOTES TO THE 31MARCH 2021	DE CHURCH FINANCIAL	ES' KEYPROJECT STATEMENTS	ES' KEYPROJECT STATEMENTS
19. ANALYSIS OF		RESTRICTED	FUND MOVEMENTS
			At IApril				At 31March
			2020		Outgoing	Transfers	2021
Accommodation Grant			32,500		(25,166)		48,167
Bursary Fund			420				420
Clothing Fund			828				828
Northern Rock Foundation			150,000			(150,000)
Strickland House Grant			143,603			(143,603)
Consortium			18,356	90,249	(88,068)		20/37
Elvet Church Durham			21,598			(21,598)
Law Top flat (Baring		Street Grants)	11,247			(11,247)
Food Bank/Support	packs - funding		5,022	194,293	(70,392)		128,923
Holiday Hunger			11,148		(11,148)
Act 435			775	2,240	(3,015)
KEYStaff			2,234				2,234
Young People's Activities			2,563				2,563
Barbour re Christmas		party	39		(39)
Ballinger Grant			15,000	15&000	(15,029)		14,971
Community Foundation			21,355	14,823	(26,312)		9,866
Fuel Bursary Donation			260	4,000	(4,250)		10
Mercers			30,000	8,000	(10,435)		27/65
Property Purchase Grants			38,689				38,689
Virgin Money				10,000			10,000
Groundwork re trip			1,160	500	(1,160)		500
COVID-19 Grants				15,658	(15,658)
HMRC JRS Income				4,817	(4,817)
Northumbria Police				5,000			5,000
BBCChildren in Need				9,913	(9,913)
Awards for All				10,000			10,000
Durham Community				2&150			2,150
Great North Run				250			250
Greggs				50	(50)
Homeless Link				16,900	(10,435)		6,465
Scottish Power				40,810	(9,060)		31,750
GFINTLSOLS				1,300	(1/00)
			506,797	486,7&6	(306447)	(326,448)	360,&88

19.ANALYSIS OF	RESTRICTED	RESTRICTED	FUND MOVEMENTS (CONTINUED) —previous	FUND MOVEMENTS (CONTINUED) —previous	FUND MOVEMENTS (CONTINUED) —previous	FUND MOVEMENTS (CONTINUED) —previous
			At I April				At 31March
			2019	Incoming	Outgoing	Transfers	2020
			5
Accommodation Grant			1,840	32,500	(1,840)		32,500
Bursary Fund			184	1,000	(764)		420
Clothing Fund			778	50			828
Client Funding				623	(623)
Northern Rock Foundation			150,000				150,000
Strickland House Grant			143,603				143,603
Consortium			11,076	93,407	(86,127)		18,356
DWF Charitable Foundation				1,000	(1,000)
Elvet Church Durham			21,598				21,598
Law Top flat (Baring		Street Grants)	11,247				11,247
Food Bank/Support	packs - funding		15,563	35334	(45,875)		5,022
Holiday Hunger				25,148	(14,000)		11,148
Family Intervention	Event			1,000	(1,000)
Art Project Mural			268		(268)
Act 435			600	1,140	(965)		775
KEY Stall'			5,000	39,795	(42,561)		2,234
Young People's Activities			2,880	126	(443)		2,563
Barbour re Christmas		party	39	700	(700)		39
Ballinger Grant			15,000	15,000	(15,000)		15,000
Community Foundation			1,000	20455			21,355
Co-op Community Foundation			9,998		(9,998)
Fuel Bursary Donation			290		(30)		260
Funding for Support	Worker		10,870		(10,870)
Hospital ofGod Greatham				2,000	(2,000)
Kielder Trip				59	(59)
Mercers				30,000			30,000
Property Purchase Grants			34,500	65,000		(60,811)	38,689
Sir James Knott Trust			5,000		(5,000)
Starter Fund			750		(750)
Van				10,000	(10,000)
Virgin Money			18,142		(18,142)
Zedra Trust			2,000			(2,000)
Groundwork re trip			660	500			1,160
Gym passes			2		(2)
			462,888	374,737	(268,017)	(62,811)	506,797

20. MOVEMEN	T IN FU	NDS
		At	Incoming	Outgoing	Transfers	At 31March
		1April	Resources	Resources		2021
		2020
Restricted funds
Charity activities		506,797	486,786	(306,247)	(326,448)	360,888
Unrestricted funds
General funds					350,040	350,040
Designated funds		481,393	949,883	(723,454)	(23,592)	684,230
Total Unrestricted	funds	481,393	949,883	(723,454)	326,448	1,034,270
Total Funds		88 0	14 666	1 02 01		1 3 5 158
MOVEMENT IN	FUNDS	—previous year
		At	Incoming	Outgoing	Transfers	At 31March
		IApril	Resources	Resources		2020
		2019
Restricted funds
Charity activities		462,888	374,737	(268,107)	(62,811)	506,797
Unrestricted funds
General funds
Designated funds		255,976	(701,963)	(539,357)	62,811	481,393
Total Unrestricted	funds	255,976	701,963	(539,357)		481,393
Total Funds		718864	~10 6 00	~87 4

ANA	LY	SIS	OF	C	HANGES IN DEBT
										At
						At	1	Apr 2020	Cash flows	31Mar 2021
Cash	at	bank	and	in	hand			5SIJ)42	~25 651

			2021	2020
Not later than		1 year	46414	46,313
Later than	1 year and not later than 5years		90,000	121,545