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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|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|||||||||
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||||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|year||
|---|---|---|---|---|---|---|---|---|
||||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|
##
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##
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##
##
##
|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|
##
##