2023-03-31-accounts - Key Community

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

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	15-27

YEAR	E	NDED 31MARCH	2023	2023
Registered		Charity Name	Key Community
			(will be referred		to as KEYthroughout					these financial	statements)
Registration		Numbers	Charity Number		1108921
			Company Number 5031398
Trustees			BAskins (Resigned			21/09/2022)
			JAskins (Resigned 21/09/2022)
			PHayton
			SHamilton
			IMontgomery
			EHobson
			K.Shields
			D Traynor (Appointed 08/06/2023)
			1Ogden (Appointed			08/06/2023)
			(Trustees are	also		the	directors		of	KEY for the	purposes	of
			company law)
Company	Secretary		JAskins (Resigned 21/09/2022)
			RAllen (Appointed			15/12/2022)
Registered	Oflice		116Baring Street
			South Shields
			Tyne dt Wear
			NE33 2BA
Auditors			Torgersells
			Chartered Accountants
			East Suite, Ground Floor
			Avalon House,	StCatherine's				Court
			Sunderland
			SR53XJ
Bankers			Unity Trust Bank		Pic					Barclays Bank Pic
			4Brindley Place							53Fawcett	Street
			Birmingham							Sunderland
			Bl 2JR							SR1 1SD
			Shawbrook Bank Limited
			Lutea House
			Warley Hill Business			Park
			The Drive
			Great Warley
			Brentwood
			Essex
			CM133BE
			The Charity Bank		Limited
			Fosse House
			182High Street
			Tonbridge
			TN9 1BE
			Central Finance	Board ofthe Methodist						Church
			9Bonhill Street
			London
			EC2A 4PE
Solicitors			Hardings
			58 John Street
			Sunderland
			SR1 1QH

				Unrestricted	Restricted	Total	Total
			Note	Funds	Funds	2023	2022
INCOME
Income and endowments		from:
Donations and legacies			4	9,355	39,0$6	48,441	63,286
Charitable activities			5	975,230	563,571	1,538,801	1,424,141
Investments			6	4,610		4,610	89
Total incoming resources				989,195	602,657	1,591,852	1,487,516
EXPENDITURE
Expenditure on:
Raising funds			7	13,827	30	13,857	12,454
Charitable activities			8	954,850	441,603	1496,453	1,097,846
Total				968,677	441,633	1,410,310	1,110,300
Net incoming/(outgoing)		resources		20,518	161,024	1$1,542	377,216
Transfers between	Funds			251,960	(251860)
NET MOVEMENT	IN FUNDS			272,478	(90,936)	181,542	377,216
Total funds brought	forward			1,269,593	502,781	1,772,374	1,395,158
Total funds carried	forward			1,542,071	411,845	1,953,916	1,772,374

31MARCH 2023
		Note		2023	2022
FIXEDASSETS
Tangible fixed assets		13		600,662	470,921
CURRENT ASSETS
Debtors		14	330,730		222,082
Cash at bank and in hand			1,149,093		1,113,815
			1,479,823		1,335,897
CREDITORS: amounts	falling due
within one year		15	(126,569)		(34,444)
NET CURRENT ASSETS				1453,254	1,301,453
NET ASSETS				1,953,916	1,772,374
THE FUNDS OF THE	CHARITY
Restricted income funds		17		411,845	502,781
Unrestricted funds		18		1,542,071	1,269,593
Total Funds				1,953,916	1,772,374

				2023	2022
			f
Surplus for tbe year				181,542	377,216
Adjustments for:
Depreciation and impairment	oftangible
fixed assets
Movement in working capital:
(Increase)/decrease in debtors			(108,648)		(62,147)
Increase/(decrease) in creditors			92,125		(24,710)
				(16,523)	(86,857)
Cash generated from operations				165,819	290,359
Investing activities
Purchase oftangible fixed assets				(129,741)	(37,237)
Net increase in cash and cash equivalents				35,278	253,122
Cash and cash equivalents	at beginning	of
year				1,113,815	860,693
Cash and cash equivalents	at end ofyear			1,149,093	1,113,815

INCOME FROM	CHARI	TABLE ACTIV	ITIES
			Unrestricted	Restricted	2023	2022
			Fundsf	Funds	Total	Total
Anson C lose Income			15,034		15,034	17,192
Askins Lodge -Income			477,347		477,347	410,368
Askins Cottages			139,251		139,251	116,606
Diapers ed Properties —Income			69,086		69,086	67,849
Flavia H ouse			124,208		1249208	115,991
Heaton Gardens			17,834		17,834	17,590
Hedley Close			13,376		13,376	17,258
Stricklan d House Income			93,473		93,473	90,920
116Ban 'ng Street- Rent from flat			18,977		18,977	18,048
Baring S treet —Rent I'rom desks			1,644		1,644	685
Accommodation grant				43,829	43,829	41,200
Act 435				1,070	1,070	735
All Churches Together						11,700
Barbour			5,000		5,000
Ballinger Grant				15,000	15,000	15,000
BBCChildren in Need				500	500	18,116
Bernard Sunley						15,000
BUSProject- Community	Foundation			183,890	183,890	10,000
Consortium				101,160	1019160	88,405
Community Foundation				10,098	10,098	15,900
Community Foundation —Outreach				2,750	2,750
Charities Trust —Nationwide						48,699
Community CAN NE						1,000
Family Intervention —BBC	Children	In Need		39,367	39467
Feeding Britain						9,753
Food Bank - Grants				55,798	55,798	170,383
Fuel Bursary Donation						80
Great North Run				913	913	974
Greggs				100	100	15,000
Gmundword - Consultancy						5,000
Henry Smith				34,200	34,200	17,850
Leathersellers				15,000	15,000	15,000
LGA				10,000	10,000
Mercers				30,000	30,000	30,000
Places for People						7,000
RISE						14,839
Community Foundation —Rising Stars				19,896	19,896

2023	2022
8

			Unrestricted	Restricted	2023	2022
			Funds	Funds	Total	Total
Advertising,	marketing	and development	13,777	30	13,807	8,127
Other fund	raising costs		50		50	4,327
						~124 4

31MARCH 2023	31MARCH 2023	31MARCH 2023	31MARCH 2023	31MARCH 2023
EXPENDITURE					ON CHARITABLE			ACTIVITIES
								Unrestricted	Restricted	2023		2022
								Funds	Funds	Total		Total
Anson Cl ose								15,007		15,007		12,007
Askins L odge								458,506		458,506		325,218
Askins C ottages								79,619		79,619		70,252
Dispersed properties		—set up and running					costs	49,230		49,230		41,110
Flavia Ho use —salaries			and		running	costs		119,217		119,217		99,041
Heaton G ardens —running					costs			11,242		11/42		13,006
Hedley C lose —running				costs				12,115		12,115		7,100
Strickland House —salaries					and running		costs	87,418		87,418		73,604
116Ba'rin g Street-flat			costs					9,231		9431		12,384
Trinity W alk								1,505		1,505		976
Voids								7,525		7,525
Bad debts wrote off								33,623		33,623
Accommodanon managers									42,722	42,722		39,680
Act 435									100	100		693
All Churches Trust									10,310	10,310		1,428
Awards for All												7,557
Bank charges								721		721		794
Baring Street —running			costs					10,698		10,698		6,820
BUSProject									21,672	21,672		16,920
Client expenses									423	423
Coalfields								1,901		1,901		7,669
Communications								2,828		2,828		4,413
Community Foundation			—Salary costs						8,432	8,432		26,369
			—project costs									2,870
Charities Trust —Nationwide									18,204	18+04
Community CAN NE									1,000	1,000
Family Intervention	—salary				costs				71,639	71,639		784
Family Intervention	-	BBCChildren				in Need						18,097
Food Bank —Consumables									17,740	17,740		30,807
—Lloyds	Foundation											29,636
—Salary	and		costs						46,020	46,020		12,400
—Holiday		Hunger							15,015	15,015
—Rent									11,455	11,455
—Greggs									17,236	17436
-Travel									259	259		8,200
—Van									2,526	2,526		2,400
—Volunteer			expenses						1,373	1373		1,818
General office (computer,				stationery		etc)		4,960		4,960		3,086
Governance cost								15,703		15,703		13,998
HAF Project												13,285
HR								4,866		4,866		2,731
Insurance												524
IT								10,848		10,848		7,484
Outreach								6,110	494	6,604		874
Projects —salaries and		costs						9,372	92,280	101,652		93,328
Recruitment												522
RISE												6,865
Staffcosts (employed		and		other workers)					2,234	2,234
-Consortium									60,469	60,469		75,405
Training								1,262		1,262		5,691
Travel								1,343		1,343
Total resources expended											~10	846

						2023	2022
						Total	Total
This	is stated after charging the following:
Governance			costs
10.	STAFF		COSTS AND NUMBERS
					2023		2022
Staff	costs	(employed		only) comprise:
Salaries					633,860		594,220
Employers		NI	contributions		55,540		49,597
Pension costs					24,524		23,711
					713,924		667,528

The figures	for pension	costs referred	costs referred	to above relate to KEY's contribution	to above relate to KEY's contribution	Staff Pension	Schemes. Two
members of	staff are in Stakeholder		Pension	Schemes.
						2023	2022
						f,
The average	number of	persons	employed	by the Trust was as follows:
Management	and administrative					2	3
Charitable activities						22	20
						24	23
The number	ofemployees	whose remuneration		for the year fell within	the following	bands, were:
						2023	2022
						No.	No.

	Motor	Motor	Strickland	Strickland	Heaton	Heaton	Hedley	Hedley	116Baring Trinity	116Baring Trinity	Total
	Vehicle			House	Gardens		Close		Street	Walk
Cost
At 1 April 2022			205,357		31,906		30,906		165,515 37,237		470,921
Additions	129	741									129741
At 31March 2023	~12	41			~31	06	~30	06	165515 ~3723		600662
Depreciation
At 1 April 2022
Charge for the year
At 31March 2023
Net BookValue
At 31March 2023	12	41	~205 35		~31	06	~30	906	165515 37237		600662
At 31March 2022			~205 35		31	906	30	906
14. Debtors
									2023		2022
Amounts due from consortium									7367		7,367
Housing benefit due									227,093		166,006
Service charges due									25&923		25,089
Other debtors and prepayments									70347		23,620
									330,730		222,082
15. Creditors: amounts	falling	due	within	one year
									2023		2022
Taxation and social security
Other creditors, accruals and deferred			income						126,569		34,444
									126,569		34,444
16. ANALYSIS OFNET ASSETS			BETWEEN FUNDS
					General		Designated
					Funds			Funds	Restricted		Total
									Funds		Funds
									8
Tangible fixed assets								600,662			600,662
Current assets					133&585			934,162	412,076	1,479,823
Current liabilities					(101,006)			(25,332)	(231)	(126,569)
Net Assets at 31March	2023				32,579		1,509,492		411,845	1,953,916

ANALYSIS OF	N	ET ASSETS BETW	EEN	FUNDS	—previou	s year	s year
					General	Designated
					Funds		Funds	Restricted	Total
								Funds	Funds
Tangible fixed assets							470,921		4701921
Current assets					84,233		748,672	502,992	1,335,097
Current liabilities					(34,233)			(211)	(34,444)
Net Assets at 31		March 2022			50,000		1419,593	502,781	1,772,374
17. ANALYSIS OFRESTRICTED			FUND	MOVEMENTS
			At	IApril					At 31March
				2022	Incoming		Outgoing	Transfers	2023
				8					8
Accommodation	Grant			49,687	43,829		(42)722)	(49,687)	1,107
Act 435				42	1,070		(100)		1,012
All Churches Trust				10,272			(10,310)	38
Awards for All				2,443					2,443
Ballinger Grant				15,047	15,000		(15,035)		15,012
Bursary Fund				420					420
BUSProject				47	188,890		(21)672)	(127,002)	40463
Charities Trust - Nationwide				48,699			(18,204)		30,495
Clothing Fund				847					847
Community CAN	NE			1,000			(1,000)
Community Foundation					10,098		(8,432)		1,666
Consortium				33,537	101,160		(60,469)	(38,005)	36/23
Durham Community				2,150				(2,150)
Family Intervention				17,085	74,067		(71,539)		19,613
Feeding Britain				2,786				(2,786)
Food Bank/Support		packs - funding	229,988		89,884		(111,654)		208,218
Fuel Bursary Donation				90				(90)
Great North Run				1,224		913		(2,137)
Groundwork re trip				5,500				(5,500)
KEYStaff				2+34			(2,234)
Leathersellers				4,243	15,000		(21,477)	2,234
Mercers			31,296		30,000		(32,514)		28,782
Northumbria Police				5,000				(5,000)
Places for People				3,901				(3,901)
Property Purchase	Grants			1,452					1,452
RISE				7,974				(7„)174)
Scottish Power			13,254				(13,254)
Virgin Money			10,000					(10,000)
Young People's Activities				2,563			(423)		2,140
Community Foundation —Outreach					2,750		(494)		2,256
Greggs						100	(100)
LGA					10,000		(10,000)
Community Foundation —Rising					19,896				19,896
Stars
			502,781		602,657		(441,633)	(251,960)	411,845

17.ANALYSIS OFRESTIUCTED	17.ANALYSIS OFRESTIUCTED	FUND MOVEMENTS (CONTINUED) —previous year	FUND MOVEMENTS (CONTINUED) —previous year	FUND MOVEMENTS (CONTINUED) —previous year	FUND MOVEMENTS (CONTINUED) —previous year
		At IApril				At 31March
		2021 f	Incoming f.	Outgoing f	Transfers	2022
Accommodation Grant		48,167	41,200	(39,680)		49,687
Act 435			735	(693)		42
All Churches Trust			11,700	(1,428)		10,272
Awards for All		10,000		(7457)		2,443
Ballinger Grant		14,971	15,000	(149924)		15,047
Bursary Fund		420				420
BUSProject			10,000	(9,953)		47
Charities Trust - Nationwide			48,699			48,699
Clothing Fund		828	19			847
Community CAN	NE		1,000			1,000
Community Foundation		9,866	15,900	(29,239)	3,473
Consoriium		20,537	88,405	(75,405)		33437
Durham Community		2,150				2,150
Family Intervention			35,966	(18,881)		17,085
Feeding Britain			9,753	(6,967)		2,786
Food Bank/Support	packs - funding	128,923	201,468	(100,403)		229,988
Fuel Bursary Donation		10	80			90
Great North Run		250	974			1424
Groundwork re trip		500	5,000			5,500
Homeless Link		6,465		(6,503)	38
KEYStaff		2,234				2,234
Leathersellers			15,000	(10,757)		4,243
Mercers		27,565	30,000	(26,269)		31,296
Northumbria Police		5,000				5,000
Places for People			7,000	(3,099)		3,901
Pmperty Purchase	Grants	38,689			(37,237)	1,452
RISE			14,839	(6,865)		7,974
Scottish Power		31,750		(18,496)		13,254
Virgin Money		10,000				10,000
Young People's Activities		2,563				2463
		360,888	552,738	(377,119)	(33,726)	502,781

MOVEMENT IN	FUNDS	—previous year
		At	Incoming	Outgoing	Transfers	At 31March
		1April	Resources	Resources		2022
		2021
Restricted funds
Charity activities		360,888	552,738	(377,119)	(33,726)	502,781
Unrestricted funds
General funds		350,040	934,778	(733,181)	(501,637)	50,000
Designated funds		684,230			535,363	1,219,593
Total Unrestricted	funds	1,034,270	934,778	(733,181)	33,726	1,269,593
Total Funds		~13 5 58	~~	~IQQ		~22~

18. MOVEMENT IN FUN	DS (continued)
This means that the unrestricted	funds shown above should be allocated as under:
		8
Major repairs fund Property fund Redundancy payments —as at Designated funds for 6months	31 March 2023 expenditure	4,139 600,662 109,278 795,413
		~42

									At
						At	1 Apr 2022	Cash flows	31Mar	2023
Cash	at	bank	and	in	hand		~13	~8	8 ~11490

		2023	2022
Not later than 1 year Later than 1 year and not later than 5years Due in more than 5 years		46,439 36,181 1,738	44,125 68,048 2,897
			~115