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COMPANY NUMBER: 05031398
CHARITY NUMBER: 1108921
KEY COMMUNITY
(Company Limited by Guarantee)
FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2024

KEY COMMUNITY
INDEX
YEAR ENDED 31 MARCH 2024
Contents
Pages
Legal and Administration Infomiation
Trustees. Report
3-10
Independent Auditors Report to the Trustees
Statement of Financial Activities
15
Statement of Financial Position
16
Statement of Cash Flows
17
Notes to the Financial Statements
18-30

KEY COMMUNITY
LEGAL AND ADMINISTRATIVE INFORMATION
YEAR ENDED 31 MARCH 2024
Registered Charity Name
Key Community
(will be referred to as KEY throughout these financial statements)
Registration Numbers
Charity Number 1108921
Company Number 05031398
Trustees
P. Hayton
S. Hamilton
l. Montgomery (Resigned 1610512024)
E. Hobson (Resigned 0310112024)
K. Shields (Resigned 0310112024)
D. Traynor (Appointed 0810612023)
l. Ogden (Appointed 0810612023)
(Trustees are also the directors of KEY for the purposes of company law)
Company Secretary
R. Allen
Registered Office
116 Baring Street
South Shields
Tyne & Wear
NE33 2BA
Auditors
Torgersens
East Suite, Ground Floor
Avalon House
St Catherine's Court
Sunderland
SR5 3XJ
Bankers
Unity Trust Bank Pl
4 Brindley Pla
Birmingham
B12JB
Central Finance Board of the Methodist Church
25 Tavistock Place
London
VIlC1 H 9SF
Barclays Bank PIC
53 Faw￿lt Street
Sunderland
SR11RS

KEY COMMUNITY
LEGAL AND ADMINISTRATIVE INFORMATION (Continued)
YEAR ENDED 31 MARCH 2024
Bankers (contlnued)
Shawbrook Bank Limited
Lutea House
V￿r1eY Hill Business Park
The Drive
Great IAlarley
Bren￿Ood
Essex
CM13 3BE
The Charity Bank Limited
Fosse House
182 High Street
Tonbridge
TN91BE
Insignis Cash Solutions
St John's Innovation Centre
Milton
Cambridge
CB4 OWS
Solicitors
Hardings
22 Foyle Street
Sunniside
Sunderland
SR11LE

KEY COMMUNITY
THE TRUSTEES, REPORT (INCORPORATING THE DIRECTORS, REPORT)
YEAR ENDED 31 MARCH 2024
GOVERNING DOCUMENT
The organisation is a charitable company limited by guarantee, incorporated on 2nd February 2004 and
registered as a charity on 7th April 2005. The company was established under a Memorandum of
Association, which established the objects and powers of the charitable company and is governed
under its Articles of Association. In the event of the company being wound up, members are required
to contribute an amount not exceeding £10.
In 2024, Key Community refined its Goveming Document and now reads..
Charitable Objects..
To relieve poverty, sickness, and distress among young people in South Tyneside.
To advan￿ the education and training of young people in South Tyneside. particularly those
who are in conditions of need, hardship, or distress.
To provide facilities for recreation and other leisure-time occupation for young people in South
Tyneside in the interests of social welfare, with the aim of improving their conditions of life.
OFSTED
Key has successfully registered their Askins Lodge project with OFSTED, ensuring compliance with
new regulations regarding the housing of 16 - 17-year-olds. This registration allows Key to continue to
provide essential accommodation and support to vulnerable young people in South Tyneside. The
new legislative changes mandate that all housing projects for this age group meet specific standards
to ensure safety and quality of care. By achieving OFSTED registration, Askins Lodge can maintain its
high standards and continue offering a safe, supportive environment where young residents can
develop the skills needed for independent living. This milestone underscores Key's commitment to
adapting to regular changes and prioritising the well-being of the young people we serve.
RECRUITMENT AND APPOINTMENT OF BOARD OF DIRECTORS
At the 2023 AGM the following directors were reappointed:
Penny Hayton Chair
Steve Hamilton Deputy Chair
lan Montgomery
Treasurer
Resignation of Board Directors..
Elizabeth Hobson
Keith Shields
TRUSTEE INDUCTION AND ONGOING TRAINING OF DIRECTORS
The Chair, together with the trust&s, identifies the skn.lls and expertise needed to ensure the Board is
diverse and well-equipped to carry out rts duties and resFX)nsibilities. New Trustees meet with the
Chair and the Chief Executive Officer to discuss their role and involvement within the organisation.
They are supported by the Chair and other Trust&s at all times. Every opportunity is used to ensure
Trustees, both those who have seNed for a long time and those who are new to the role, have access
to training delivered by organisattons such as ASVO and the Local Authority. New Trustees are taken
by the Chief Executive Officer for a tour of the Organisation's offices and Supported Accommodation.
This is an opportunity for Trustees to meet with staff who can then explain their roles within the
Charity. Staff are invited to Board Meetings where they will give a presentation outlining their service.
This has proved to be of great value to Trustees and gives a very clear picture of how the operations
are planned and delivered.
In January, Key Communty held its first Board Development Day. Tasks included..
IAfj)at are the qualits'es of a good Trustee?
Developing the organisation's values.
Looking at The Charity Code and identifying the areas where we feel confident and those
areas which need development.

KEY COMMUNITY
THE TRUSTEES, REPORT (INCORPORATING THE DIRECTORS, REPORT)
YEAR ENDED 31 MARCH 2024
ORGANISATION STRUCTURE
The Board is made up of people from professional backgrounds including homelessness, housing,
finance, education, legal, managerial, and engineering. The Board meets every 2 months and is
responsible for the strategic direction and policy of the charity. Decisions are made by the Board at
their regular meetings. Additional meetings are called when the need arises. The levels of
remuneration of Key staff are made at the Board meetings in line with policy.
RECRUITMENT OF VOLUNTEERS
Volunteering is at the core of Key's ethos. This year, 42 people volunteered at Key and its associated
Key2Life foodbank. These volunteers have taken part in the following training:
Safeguarding
Hate crime champion training
Food hygiene certificate
Manual handling
One of these volunteers is now working with Greggs via the Fresh Start Scheme and two others are
now in full-time employment. One volunteer has been involved with our young people at one of our
supported accommodats.on properties. Activities supported by the volunteer:
Cooking sessions
Picnic
BBQ
Gardening
Helping Young People to complete their personal journeys.
Training completed by this volunteer.
Safeguarding children and adults
Keeping children safe online
Food hygiene
All volunteers who handle telephone calls or work one-to-one with young people have a DBS
certificate.
RISK MANAGEMENT
Appropriate systems and procedures have been established to mitigate the risks which the charity
faces. These indude:
Health and safety
Recruitment and Selection
Safeguarding
Data protection and policies related to the delivery of ServI￿S in accordance with the
Supporting People contract and national guidelines.
Robust financial procedures are in place with regular checks on petty cash and financial inft)rmation
reported to the Trustees at each Board meeting. With the Un￿rtaInty of conb'nued outside funding, a
Reserves Policy has been established with the intention of building up reserves of 6 months.
expenditure. Key is working towards long-term sustainability by:
Recruiting Board members with appropriate skills.
Building a strong and committed staff.
Diversifying its funding and developing new fijnding streams.
Increasing its volunteer body of local people.
Developing strong support from the local community.
Working in partnership with other organisations.
The Board operates standing committeeslworking groups comprising TrUSt￿S and working staff as
well as young people to oversee the various aspects of the charity's work. The day-to-day operational
responsibilty lies with the Chief Executive Officer, who manages the stsff teams. ensuring they deliver
services within agreed contracts and that those ServI￿S continue to meet the needs of the servi
users.

KEY COMMUNITY
THE TRUSTEES, REPORT (INCORPORATING THE DIRECTORS, REPORT)
YEAR ENDED 31 MARCH 2024
RELATED PARTIES
Key provides residential support at Flavia House, which is owned by the Durham Diocese and
managed by Bernicia Homes. Residential support is also provided by Key at Askins Lodge, which is
owned by Karbon Homes and leased to Key. Key is a partner of the South Tyneside Consortium for
Youth Homelessness. Other parties include De Paul UK and Pla￿S for People. Key Community works
collaboratively with Churches Together and is supported by other local churches in practical ways.
PURPOSES
1. The provision of relief for young people in necessitous circumstances who are, have been, or
are at risk of being homeless including (but without prejudi￿ to the provision of other forms of
reliefj the provision of supported accommodation, family relationship breakdown intervention
and mediation, advice and counselling.
2. The relief of financial hardship amongst people in South Tyneside and the surrounding area in
such ways as the trustees from b'me to time think fit, in particular, but not exclusively by: a)
Providing emergency food, essential toiletries, and household items to individuals and families
in need andlor for distribution by charities or other organisations working to prevent or relieve
povety- b) Such other means, including (but not limited to) the provision of support or
signposting to relevant information and other advisory services
Public Benefit Disclosure
The trustees have given due consideration to the Charity Commission's published guidan￿ on the
Public Benefit requirement under the Charities Act 2011.
Vision
KEY Community (formerty South Tyneside Churches, KEY Project) seeks to be a practical application
of loving your neighbour and reaching out to those in need. Committed to the care and support of
young people, the Project works in partnership with other agenC￿S to motivate and guide young
people experiencing hardship in South Tyneside through a process of posrfive change.
Mission
We a￿ committed to helping young people between 16 - 25 years of age. living in hardship in South
Tyneside, to live independent and successful lives.
We actively promote and support collaborative working between voluntary and private sector
organisations and statutory bodies.
ACHIEVEMENTS AND PERFORMANCE
Aim 1: To prevent homelessness
Objective 1: Provide advice and guidance to help a young person decide if they can remain at
home or need to move out.
197 young people were given advice and guidance around housing needs. Referrals come from..
Children's Services
Schools
Housing Department
Self-Referral
Consortium- De Paul UK
Local Authority early help
Internal referral - supported accommodation and tenancy support
Community mental health SeNi￿S
Adult servi

KEY COMMUNITY
THE TRUSTEES, REPORT (INCORPORATING THE DIRECTORS, REPORT)
YEAR ENDED 31 MARCH 2024
Objectlve 2: Provide mediation support to young people and their famllles to reduce conflict
and improve relationships within the home to enable the young person to remain at home if
this is a safe option.
It is not only the young people who have been supported but the household in which they are living.
this can include parents. carers, and younger siblings. 207 young people have been helped, through
our Mediation SeNice, to remain in the family home. The Prevention Team uses our Mediation Room
to help with many domestic issues such as debt and housing problems. Vthen problems have been
beyond our expertise. we have accompanied parents to CAB for help and advice.
Objective 3: Raise awareness of the realities of being homeless
Staff give talks to local schools, colleges, churches, community groups, the Local Authority. and
community organisations. Every opportunity is taken to publicise our work in the local press and social
media.
Biannual newsletter available in print and online
Homelessness stories
Marketing and Communication Offi￿r
Key 2 Lrfe Facebook
Key Facebook
Features in local media
Fundraising and awareness
Talks and presentations
Aim 2: Prepare young people for Independent living.
Objective 1: Provide supported shared accommodation for up to l year at Askins Lodge (18
beds), Flavia Hous015 beds), Strickland House15 beds).
57 young people were accommodated in our shared supported housing projects.
Objective 2: Provide young people with move-on accommodatlon following their stay at one of
our supported accommodation propertles whère they can begin to live independently with a
lower level of support for 2 or more years.
13 young people were given a lower level of support in one of our move-on properties. 18 young
people were supported to move into properties with their own tenancies.
Aim 3: To enable young people to take opportunities for education, training. employment. and
wellbeing.
Objective 1: Learn life skills
Key promotes activities in supported housing projects to encourage healthy lifestyles. These include:
Keep fit
Zumba
Pilates
Yoga
Cookery sessions, including breakfast and lunch
The Prince's Trust - Education and Training
BBQ

KEY COMMUNITY
THE TRUSTEES, REPORT (INCORPORATING THE DIRECTORS, REPORT)
YEAR ENDED 31 MARCH 2024
Activities facilitated by the Prevention Team include..
Arts and Crafts
First Aid
Cookery
Wellbeing
Healthy and unhealthy relationships
Keeping yourself safe
Key provides bursary grants to help young people overcome barriers to employment, education, and
training. Bursaries and grants cover the costs for our young people to access college, training, and
employment, e.g., bus fares. books, and equipment when these are not provided by the college or
place of work.
This year, bursaries and grants were applied for and granted as follows:
Prevention and Mediation: 2
Tenancy Support: 14
Key's Prevention Team provides every young person and their families with skills and strategies to
help reduce arguments in the family home. This year, 37 young people were supported around
wellbeing issues and assisted in accessing services that met their needs. This included CYPS, Talking
Therapies, Escape Inteniention, and our Wellbeing Practitioner.
Key's Prevention Team supported 55 young people to remain in and improve their attendance at
education (school or college). Working with the young people and their families, we were able to
rebuild relationships. Those who could not return home were able to access our supported
accommodation, which helped their wellbeing and enabled them to con￿ntrate on their education.
Objoctive 2: Arrange opportunltles to tske part in leisure and communlty actlvlties.
Cookery sessions, including breakfast, lunch, and Christmas Dinner in supported
accommodation properties.
Cookery sessions through the youth group for young people in schools.
Cookery sessions on Key's Community Bus.
Excursions to Alnwick Gardens, Flamingo Land, Washington Ilfjldlife Park, and Whitehouse
Fami.
Objective 3: Arrange opportunities to reflect on current issues.
Our young people, through group sessions and one-on-one sessions in our supported accommodation
properties, have discussed the cost of living crisis and the effects of the war in Ukraine.
Objective 4: To support the mental health needs of young people.
The Key Community Wellbeing Service is a compassionate and empathetic support system designed
to cater to the needs of vulnerable young people facing various challenges such as anxiety,
relationship problems, anger issues, and feelings of low mood. Wrth a focus on understanding and
valuing the individual, this Servi￿ operates within schools in South Tyneside, South Tyneside College,
and Key Community supported housing accommodation and move-on properties.
Between 31st March 2023 and 31 st March 2024, 61 young people have been supported by Key's
Wellbeing Service. 88 positive outcomes have been achieved by young people within the service,
including progression in emotional wellbeing, increased positive outlook. and redU￿d feelings of low
mood and depression.
O young people have been referred to extemal services for higher intensity intervention.
7 young people have retumed to the Wellbeing Counselling Service to re-engage with
support.
1 pSych￿educatiOnal group has been completed.one of the significant factors contributing to
the effectiveness of the counselling service is the ability to independently manage caseloads.
The flow and remit of the referral process minimize the waiting time for clients, differentiating
Key Community from other seNices where lengthy waiting lists are common.

KEY COMMUNITY
THE TRUSTEES, REPORT (INCORPORATING THE DIRECTORS, REPORT)
YEAR ENDED 31 MARCH 2024
Aim 4: To meet the needs of young people requiring crisls support.
Objective 1: Provido emergency food packs, including food, ¢l•anlng materfals, tollotri•s, and
sanltary Items.
46 young people from our accommodationloutreach ServI￿S received a food parcel.
5400 adults, 2600 children, and 2300 pets were fed at the Key2 Life Foodbank.
We have provided 1078 family parcels to households with children under the age of 16 and
2816 emergency par￿ls.
350 National Fuel Bank Foundation referrals vrfere made.
Key Community Bus:
The Key Community Bus is a vital initiative by Key, aimed at reducing food waste and promoting
access to healthy, affordable food in South Tyneside. Operating on Tuesdays, Wednesdays. and
Thursdays, the bus travels to various locations, providing a mobile food service that requires no
membership and is open to everyone, regardless of their circumstances. The lower deck offers a
variety of Iow-COSt groceries, while the upper deck serves as a community space where people can
chat, access advice, participate in actiVFties, and even enjoy a mini library. This innovative project not
only helps residents save on their weekly shopping but also fosters a sense of community and
support.
Objective 2: Provide furnlture and household fumishings.
Key staff, depending on the circumstances of the young person, will apply for a grant to assist
with household fijrnishings and funding.
Key also receives donats'ons from the local community.
During the period 31st March 2023 to 31st March 2024, the Tenancy Support team applied for
14 grants.
Objective 3: Provlde advocacy with ¢risis loans, benefit claims, and sanctlon appeals.
staff at Key work with young people to enable them to claim benefits, budget effectively as
their financial circumstances frequently change, and advocate for them in dealings with utility
companies, landlords, Housing Benefit. and Job Centre Plus.
Young people are helped to complete online advance payment applications for Universal
Credit.
Key's Prevention Team occasionally assists families with making new benefit clairns as young
people were estranged from family members. They supported families with appeals around
benefft claims, for example, Personal Independen￿ Claims (PIP). They also helped to redu
rent arrears so that families could remain in their homes.
Key has a bursary scheme which supports young people who are entering into education or
training. This can cover the initial costs of transport, equipment. or other items that will help
them sucC￿d in their role.
We achieve our aims by working in parknership with other agencies and other faithlvoluntary
organisations by:
Networking with the local community, voluntary, private sector. and statutory ￿dieS. For
example, the Stakeholder Group for Flavia House meets regularly with our partners, Bernicia
Homes, Northumbria Poli￿, Flavia House Neighbours, and South Tyneside Council.
Working viith other Housing Providers.. Key meets regularly with other housing providers such
as De Paul, Places for People, and Community Campus 87, to share good practi￿ and to
discuss concerns relating to fvnding and sustainabilty of services in a changing climate.

KEY COMMUNITY
THE TRUSTEES, REPORT (INCORPORATING THE DIRECTORS, REPORT)
YEAR ENDED 31 MARCH 2024
Forniing Appropriate Partnerships:
Key Community has been working with Durham DI0￿Se and Bernicia Homes for 14 years and with
Karbon Homes for 7 years to provide supported living accommodation.
Key Community helped establish the South Tyneside Consortium for Youth Homelessness in
collaboration with De Paul UK and Places for People. As a consortium, these three organisations
provide integrated pathways for young people to aC￿SS homelessness ServI￿S in South Tyneside.
This indudes attending weekly meetings for HAPPS (Homeless All￿atiOn Pathway Planning
Support).
Key Community partners with Churches Together South Tyneside to run Key2 Life, a poverty
alleviation project based at the library on Boldon Lane, South Shields. This project includes a
foodbank providing ft)od for young people and the wider community. a fuel voucher scheme, School
Uniforms 4 All, and a food and fun holiday programme.
Funding was received from Brakes to offer holiday clubs and a 'Big Day Our to Seahouses.
Continuing with wlder strategic planning, Key's Chlef Executlve Officer attends meetings
organised by South Tyneside Council, includlng:
Homelessness Forum
Local Safeguarding Children's Board
Regional Youth Homelessness Nehvork
Children's and Family Boa
BUSINESS PLANNING
Buslness Plan
Key Community's current business plan extends until 2027. We are actively working towards fulfilling
the objectives set out in this plan, which include enhancing our support services, expanding our
accommodation facilities. and increasing community engagement. The plan outlines strategic goals
airned at ensuring long-term sustainability and effectiveness in meeting the needs of vulnerable young
people in South Tyneside.
Future Plans
Key Community is looking to expand its property wrtfolio to continue supporting and meeting the
needs of the most vulnerable in society. Thi5 includes acquiring new properties for supported
accommodation and developing partnerships with local housing providers. Additionally, we aim to
enhance our service offerings by integrating more comprehensive mental health and wellbeing
support, as well as increasing our outreach programs to prevent homelessness.
Reserves Policy
The financial review for the year ending 31st March 2024 highlights the charity's financial health and
sustainability. Key Community has maintained a stable financial position, with income generated from
grants, donations, and fundraising activities. Expenditure has been carefully managed to ensure funds
are directed towards our core services and support programs. The estsblishment of a Reserves Policy
aims to bui5d up reserves equivalent to six months, expenditure, provtding a financial buffer against
future uncertainties.
Reference should be made to note 17 and 18 on pages 25 to 30 of the accounts.

KEY COMMUNITY
THE TRUSTEES, REPORT (INCORPORATING THE DIRECTORS, REPORT)
YEAR ENDED 31 MARCH 2024
Investment Policy
Key Community's investment policy is designed to ensure the prudent management of the charity's
funds. Investments are made with the primary objective of preseNing capital while generating a
reasonable retum. The policy outlines the criteria for selecting investment opportunities, focusing on
low-risk options that align with the charity's ethical stsndards. Regular reviews of the investment
portfolio are conducted to ensure compliance with the policy and to adjust strategies as needed to
respond to changing market conditions.
RESPONSIBILITIES OF TRUSTEES
The charity trustees (who are also the directors of KEY for the purposes of the company law) have
prepared this trustees, annual report and financial statements in accordance with applicable law and
United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charitable companies in England and INales requires the charity trustees to
prepare financial statements for each year which give a true and fair view of the state of affairs of the
charity and of the incoming resources and application of resources, of the charty for that period.
In preparing these financial statements, the trustees are required to..
select suitable accounting policies and then apply them consistentty.
observe the methods and principles in the applicable Companies Act 2006 and Charities
SORP,
make judgments and accounting estimates that are reasonable and pwdent"
state whether applicable UK Accounting Standards have been followed, subject to any
material departures disclosed and explained in the financial statements.,
prepare the financial statements on the going concem basis unless it is inappropriate to
presume that the charity will continue in business.
The trustees are responsible for keeping adequate accounting records that are sufficient to show and
explain the charity's transactions and disclose with reasonable accuracy at any time the financial
position of the charity and enable them to ensure that the financial statements compty with the
Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company
and hence for taking reasonable steps for the prevention and detection of fraud and other
irregularities.
And signed on their behalf..
Penny Hayton
/oilzS
-10-

KEY COMMUNITY
INDEPENDENT AUDITORS REPORT TO THE MEMBERS OF KEY COMMUNITY
YEAR ENDED 31 MARCH 2024
Opinion
INe have audited the financial statements of Key Community (the 'charity') for the year ended 31
March 2024 which comprise the statement of financial position, statement of cash flows and the
related notes, including a summary of significant accounb.ng policies. The financial reporting
framework that has been applied in their preparation is applicable law and United Kingdom Accounting
Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of
Ireland (United Kingdom Generally AC￿pted Accounting Practi￿).
In our opinion the financial statements"
give a true and fair view of the state of the charity's affairs as at 31 March 2024 and of its
incoming resources and application of resources, including its income and expenditure, for the
year then ended.,
have been properly prepared in accordance with United Kingdom Generally Accepted
Accounting Practice;
have been prepared in accordan￿ with the requirements of the Companies Act 2006.
Basls for opinion
Ilve conducted our audit in accordance with International Standards on Auditing (UK) (ISAS (UK)) and
applicable law. Our responsibilities under those standards are further described in the auditorfs
responsibilities for the audit of the financial ststements section of our report. Vle are independent of
the charity in accordance with the ethical requirements that are relevant to our audit of the financial
statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical
responsibilities in accordance with these requirements. INe believe that the audit eviden￿ we have
obtained is sufficient and appropriate to provide a basis for our opinion.
Concluslons relating to going concern
In auditing the financial statements, we have concluded that the trustees, use of the going concern
basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have perfomed, we have not identified any material uncertainties relating to
events or conditions that, individually or collectivety, may cast significant doubt on the charitable
company's ability to continue as a going con￿rn for a period of at least fvrfelve months from when the
financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described
in the relevant sects.ons of this report.
Other infomiation
The other information comprises the infomiation induded in the annual report, other than the financial
statements and our auditor's report thereon. The trustees are responsible for the other information
contained in the annual report. Our opinion on the financial statements does not cover the other
information and, except to the extent othepwise explicitly stated in our report, we do not express any
form of assurance conclusion thereon.
Our responsibility is to read the other information and. in doing so, consider whether the other
information is materially inconsistent with the financial statements or our knowledge obtained in the
course of the audit or otheNise appears to be materially misstated. If we identify such material
inconsistencies or apparent material misstatements, we are required to determine whether this gives
rise to a material misstatement in the financial statements themselves. If, based on the work we have
performed, we conclude that there is a material misstatement of this other information. we are required
to report that fact.
Vve have nothing to report in this regard.
11

KEY COMMUNITY
INDEPENDENT AUDITORS REPORT TO THE MEMBERS OF KEY COMMUNITY
YEAR ENDED 31 MARCH 2024
Opinions on other matters prescrfbed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit..
the information given in the trustees, report for the financial year for which the financial
stateffents are prepared is consistent with the financial statements" and
the trustees, report has been prepared in accordance with applicable legal requirements.
Matters on whlch we are required to report by exception
In the light of the knowledge and understanding of the charity and its environment obtained in the
course of the audit, we have not identiffied material misstatements in the trustees, report.
We have nothing to report in respect of the following matters in relation to which the Companies Act
20C6 requires us to report to you if, in our opinion..
adequate accounting records have not b￿n kept, or returns adequate for our audit have not
been re￿iVed from branches not visited by us,. or
the financial statements are not in agreement with the accounting records and returns" or
certain disclosu￿$ of twstees, remuneration specified by law are not made" or
we have not received all the information and explanations we require for our audit; or
the trustees were not entitled to prepare the financial statements in accordance with the small
companies regime and take advantsge of the small companies. exemptions in preparing the
directors. report and from the ￿qUirement to prepare a strategic report.
Responsibilities of trustees
As explained more fully in the trustees, responsibilities statement set out on page 7, the trUSt￿S (who
are also the directors for the purposes of company law) are responsible for the preparation of the
financial statements and for being satisfied that they give a true and fair view, and for such internal
control as the trustees determine is ne￿SSary to enable the preparation of financial statements that
are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are ￿sponsible for assessing the charity's ability to
continue as a going concern, disclosing, as applicable, matters related to going concern and using the
going concem basis of accounting unless the trUSt￿S either intend to liquidate the charity or to cease
operations, or have no realistic altemative but to do so.
Auditorfs responsibilities for the audlt of the flnanclal statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole
are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that
includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that
an audit conducted in accordance with ISAS (UK) will aNvays detect a material misstatement when it
exists. Misstatements can arise from fraud or error and are considered material if, individually or in the
aggregate. they could reasonably be expected to Influen￿ the ￿onoMiC decisions of users taken on
the basis of these financial statements.
Irregularities, including fraud, are instances of non<0mplian￿ with laws and regulations. We design
Pro￿dureS in line with our responsibilities, outlined above, to detect material misstatements in respect
of irregularities, including fraud. The extent to which our procedures are capable of detecting
irregularrties, including fraud is detailed below:
12-

KEY COMMUNITY
INDEPENDENT AUDITORS REPORT TO THE MEMBERS OF KEY COMMUNITY
YEAR ENDED 31 MARCH 2024
Explanatlon as to what extent the audit was considered capable of d•ts¢ting irregularities,
Includlng fraud
The objectives of our audit with regards to fraud are to design tailored and specific audit procedures to
enable us to gather sufficient audit eviden￿. These tests are proportionate and appropriate to the
charitable company in terms of assessed risk level and the nature of the entity's activities. However,
the primary responsibility for the prevention and detection of fraud rests with those charged with
govemance.
We obtained an understanding of the legal and regulatory requirements which applied to the
charitable company, which we deemed to be the Companies Act 2006, and Statement of
Recommended practi￿ to charities, the Financial Reporting Standard applicable in the UK
and Republic of Ireland (Charities SORP (FRS102)).
We obtained an understanding of how the charitable company had complied with these
regulab'ons by reviewing their treatment of transactions. reviewing minutes of meetings and
discussing Complian￿ with trustees and those charged with governan￿.
We assessed the risk of material misstatement of the financial statements, including the risk of
material misstatement due to fraud and identified that income from housing benefit and
service charges is most susceptible to fraud or error. We designed our audit work to test the
controls in place regarding the processing of these transactions and how these controls are
capable of preventing or detecting fraud or error.
Our audit procedures gathered evidence to support the claims of the trustees whilst
maintaining professional scepticism to allow us to draw our own conclusion on the matter.
As part of an audit in accordan￿ with ISAS (UK), we exercise professional judgment and maintain
professional s￿ptiCIsM throughout the audit. We also:
Identify and assess the risks of material misststement of the financial statements, whether due
to fraud or error, design and perfom audit procedures responsive to those risks, and obtain
audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of
not detecting a material misstatement resulting from fraud is higher than for one resulting from
error, as fraud may involve collusion, forgery. intentional omissions, misrepresentations, or the
override of intemal control.
Obtain an understanding of intemal control relevant to the audit in order to design audit
prO￿dureS that are appropriate in the circumstances, but not for the purpose of expressing an
opinion on the effectiveness of the intemal control.
Evaluate the appropriateness of accounting policies used and the reasonableness of
accounting estimates and related disclosures made by the trustees.
Conclude on the appropriateness of the trustees, use of the going concem basis of accounting
and, based on the audit evidence obtained, whether a material uncertainty exists related to
events or conditions that may cast significant doubt on the charity's ability to continue as a
going concem. If we conclude that a material uncertainty exists, we are required to draw
attention in our auditorfs report to the related disclosures in the financial statements or, if such
disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit
evidence obtained up to the date of our auditorfs report. However, future events or conditions
may cause the charity to ￿ase to continue as a going COn￿M.
Evaluate the overall presentation, structure and content of the financial statements, including
the disclosures, and whether the financial statements represent the underfying transactions
and events in a manner that achieves fair presentation.
13-

KEY COMMUNITY
INDEPENDENT AUDITORS REPORT TO THE MEMBERS OF KEY COMMUNITY
YEAR ENDED 31 MARCH 2024
We communicate with those charged with governance regarding, among other matters, the planned
scope and timing of the audit and significant audit findings, including any significant deficiencies in
intemal control that we identfy during our audit.
Use of our report
This report is made solely to the charitable company's members, as a body. in accordance with
Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we
might state to the charitable company's members those matters we are required to state to them in an
auditoffs report and for no other purpose. To the fullest extent pennitted by law, we do not accept or
assume responsibilty to anyone other than the charitable company and the charitable company's
members as a body, for our audit work, for this report, or for the opinions we have fomed.
Alison Henshaw FCCA
(Statutory Auditor)
For and on behalf of
TORGERSENS
Chartered Accountants & Statutory Auditor
East Suite, Ground Floor
Avalon House
St Catherine's Court
Sunderland
SR5 3XJ
Date 2E/ol Izs
14-

KEY COMMUNITY
STATEMENT OF FINANCIAL ACTIVITIES
YEAR ENDED 31 MARCH 2024
Unrestricted
Funds
Restrlcted
Funds
Total
2024
Totsl
2023
Not•
INCOME
Income and Endowments from:
Donations
13,784
60,812
74,596
48,441
Charitable Activities
1.159,842
420,676 1,580,518 1,538,801
Investments
21,771
21,771
4,610
Total Incoming Resources
1,195,397
481,488 1,676,885 1,591,852
EXPENDITURE
Expenditure On:
Raising Funds
2,804
2,804
13,857
Charitable Activities
1,175,240
408,041
1.583,281
1.396,453
Total
1,178,044
408,041
1,586,085
1,410,310
Net Incomlngl(Outgoingl Resources
17,353
73,447
90,800
181,542
Transfers Between Funds
(4,006)
4,006
NET MOVEMENT IN FUNDS
13,347
77,453
90,800
181,542
Total Funds Brought Forward
1,542,071
411,845
1,953,916
1,772,374
Total Funds Carrled Forward
1,555,418
489,298
2,044,716
1,953,916
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
The notes on pages 18 to 30 fom
art of these financial statements

KEY COMMUNITY
STATEMENT OF FINANCIAL POSITION
YEAR ENDED 31 MARCH 2024
2024
2023
Note
FIXED ASSETS
Tangible Fixed Assets
13
574,714
600.662
CURRENT ASSETS
Debtors
Cash at Bank and in Hand
14
479,921
1,092,421
330,730
1,149,093
1,572,342
1,479,823
CREDITORS: Amounts falling due
within one year
(102,340)
(126,569)
NET CURRENT ASSETS
1,470,002
1,353,254
NET ASSETS
2,044,716
1,953,916
THE FUNDS OF THE CHARITY
Restricted I ncome Funds
Unrestricted Funds
17
18
489,298
1,555,418
411,845
1.542,071
2,044,716
1,953,916
The trustees acknowledge their responsibilities for.. (i) ensuring that the charitable company keeps
proper accounting records which comply with section 386 of the Act,. and {iil preparing financial
statements which give a true and fair view of the stste of affairs of the charitable company as at the
end of the financial year and of its incoming resources and application of resources, including its
surplus or deficit for the financial year in accordan￿ with the requirements of section 394 and 395,
and which otherwise comply with the requirements of the Act relating to financial statements, so far as
applicable to the charitable company.
These financial statements have been prepared in accordance with the special provisions for small
companies under Part 15 of the Companies Act 2006 and in accordan￿ with FRS 102 'The Financial
Reporting Standard applicable in the UK and Republic of Ireland,.
These financial statements were approved by the trustees on
behalf by:
and are signed on their
P. Hayton
l. Ogden
Company number 05031398
The notes on pages 18 to 30 form part of these financial statements
16-

KEY COMMUNITY
STATEMENT OF CASH FLOWS
YEAR ENDED 31 MARCH 2024
2024
2023
Surplus for the Year
90,800
181,542
Adjustments For:
Depreciation
and
tangible fixed assets
impairment of
25,948
Movement in Working Capital:
{Increase)IDecrease in Debtors
Increasel(Decrease) in Creditors
(149,191)
(24,229)
(108,648)
92,125
(173,420)
(16,523)
Cash Generated from Oporations
(56,672)
165,019
Investing Activities
Purchase of Tangible Fixed Assets
(129,741)
Net Increase in Cash and Cash
Equivalents
(56,672)
35,278
Cash and Cash Equivalents at
Beginning of Year
1,149,093
1,113,815
Cash and Cash Equlvalonts at end of
Year
1,092,421
1,149,093
The notes on pages 18 to 30 form
art of these financial statements

KEY COMMUNITY
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2024
General Infomiation
The o)mpany is a private company limited by guarantee, registered in England and Wales, as
well as being a registered Charty. The address of the registered Offi￿ is 116 Baring Street,
South Shields. Tyne & Wear, NE33 2BA.
Statement of compliance
These financial statements have been prepared in Complian￿ with FRS 102, 'The Financial
Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of
Recommended Practice applicable to charities preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities
SORP (FRS 102)) and the Charities Act 2011.
Accounting Policies
Basis of Accounting
These financial statements have been prepared under the historical cost convention and in
accordance with"
the Statement of Recommended Practi￿, 'Accounting and Reporting by Charities:
Statement of Recommended Practice applicable to charities preparing their accounts
in accordance wrth the Financial Reports"ng Standard applicable in the UK and
Republic of Ireland (FRS 102)";
the special provisions of Part 15 of the Companies Act 2006 ("the 2006 Act.) relating
to small companies., and
FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of
Ireland,.
The financial statements are presented in sterling (£), which is the functional currency of the
charitable company. Monetary amounts in these financial statements are rounded to the nearest
Tangible Flxed Assets
All fixed assets are included at cost.
Depreciation
Depreciab'on is calculated to write down the cost, less estimated residual value of all tangible
fixed assets over their expected useful lives.
Properties are maintained to such a standard that any depreciation is deemed to be immaterial.
Motor Vehicles
20Yo Straight Line
Incoming Resources
All incoming resources are included in the statement of financial activities when the charty is
entitled to the income and the amount can be quantified with reasonable accuracy. The following
specific policies are applied to particular categories of income=
Voluntary income is received by way of grants, donations and gifts and is included in full in the
Statement of Financial Activities when receivable. Grants, where entitlement is not conditional on
the delivery of a specific performance by the charity. are recognised when the charity becomes
unconditionally entitled to the grant.
Investment income is included when receivable.
Resources Expended
Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any
VAT which cannot be fully recovered, and is reported as part of the expenditure to which it
relates:
Charitable activity expenditure comprises those costs incurred by the charity in the delivery of its
activities and ServI￿S for its benefi'ciaries. It includes both costs that can be allocated directly to
such activities and those costs of an indirect nature necessary to support them.
All costs are allocated between the expenditure categories of the SOFA on a basis designated to
reflect the use of the resour￿. Costs relating to a particular activity are allocated directly, others
are apportioned on an appropriate basis.
18-

KEY COMMUNITY
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2024
Accounting Pollcles (contlnued)
Golng Concem
There are no material uncertainties regarding the charity's ability to continue as a going concern.
Financial Instruments
Financial instruments are classified and accounted for, according to the substance of the
contractual arrangement, as either financial assets, financial liabilities or equty instruments. An
equity instrument is any contract that eVIden￿S a residual interest in the assets of the charitable
company after deducting all of its liabilities.
Value Added Tax
Value Added Tax is not recoverable by the charity and as such is included in the relevant costs in
the Statement of Financial Activities.
Taxation
Due to the company's charitable operations no corporation tax is payable on the results for the
year.
Fund ofAc¢ounting
Funds held by the charity are:
Unrestricted general funds - these are funds which can be used in accordance with the charitable
objects at the discretion of the trustees.
Designated funds - these are funds set aside by the trustees out of unrestricted general funds for
specific future purposes or projects.
Restricted funds - these are funds that can only be used for partÉcular restricted purposes within
the objects of the charity. Restrictions arise when specified by the donor or when funds are
raised for particular restricted purposes.
Operatlng loases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The
aggregate benefit of lease incentives is recognised as a reduction to expense over the lease
term, on a straight-line basis.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which
the related service is provided. Prepaid contributions are recognised as an asset to the extent
that the prepayment will lead to a reduction in future payments or a cash refund.
Imien contributions are not expected to be settled wholty within 12 months of the end of the
reporting date in which the employees render the related service, the liability is measured on a
discounted present value basis. The unwinding of the discount is recognised as an expense in
the period in which it arises.
VOLUNTARY INCOME- DONATIONS AND GRANTS
Unrestricted
Funds
Restricted
Funds
Total
2024
Total
2023
Donations - General
- Food Bank
- Great North Run
BUS Project
Corporate
- Grft Aid
12,642
12,642
38,413
501
22,399
500
141
9,355
34.086
38,413
501
22,399
5,000
500
141
Income from donations in 2023 was £48,441 of which £9,355 was unrestricted and £39,086 was
restricted.

KEY COMMUNITY
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2024
INCOME FROM CHARrrABLE ACTIVITIES
Unrestricted
Funds
Rostrfcted
Funds
Total
2024
Total
2023
Anson Close Income
Askins Lodge- Income
Askins
Lodge
servI￿s
Askins Cottages
Dispersed Properties - Income
Flavia House
Heaton Gardens
Hedley Close
Strickland House Income
Trinity Walk
116 Baring Street- Rent from flat
Baring Street- Rent from desks
Accommodation grant
Act 435
Barbour
Ballinger Grant
BBC Children in Need
BUS Project- Community Foundation
Consortium
Community Foundatton
Community Foundatton - Outreach
Charities Trust - Nationwide
Community Foundation- Rising Stars
Family Intervention
BBC Children In
Need
Food Bank - Grants
Great North Run
Greggs
Henry Smith
Leathersellers
LGA
Mercers
South Tyneside Council - Jarrow Unit
SMP Recovered
19,706
518,744
53,264
19,706
518,744
53,264
15,034
477,347
Commissioned
159,189
78,803
130,283
19,640
19,635
103,062
14,348
20,906
137
159,189
78,803
130,283
19,640
19,635
103,062
14.348
20,906
137
48,111
1,780
139,251
69,086
124,208
17,834
13.376
93,473
18.977
1,644
43.829
1,070
5,000
15,000
500
183,890
101,160
10,098
2,750
48,111
1,780
20,000
20,000
63.640
101,896
15.917
500
7,305
63,640
101,896
15,917
500
7,305
19,896
39,367
33,180
33,180
14,137
62,297
76,434
55,798
913
100
34,200
15,000
10,000
30,000
33,050
15,000
10,000
33,050
15,000
10,000
8,000
8,000
7,988
7,988
420
580
Income from charitable activities in 2023 was made up of unrestricted funds of £975,230 and restricted
funds of £563,571.
-20-

KEY COMMUNITY
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2024
INVESTMENT INCOME
2024
2023
Cash investments held in the UK
Investment income in both 2024 and 2023 was unrestricted.
EXPENDITURE ON RAISING FUNDS
Unrestrlcted
Funds
Restricted
Funds
Total
2024
Total
2023
Advertising, marketing and
development
Other fund raising costs
2,780
2,780
13,807
24
24
50
804
Expenditure on raising funds in 2023 was £30 restricted and £13,827 unrestricted.
-21

KEY COMMUNITY
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2024
EXPENDITURE ON CHARITABLE ACTMTIES
Unrestricted Restrlcted
Funds
Funds
Totsl
2024
Total
2023
Anson Close
Askins Lodge
Askins Lodge - Commissioned SeNices
Askins Cottages
Dispersed properties - set up and running costs
Flavia House- salaries and running costs
Heaton Gardens - running costs
Hedley Close- running costs
Strickland House- salaries and running costs
116 Baring Street- flat costs
Trinty Vvalk
Voids
Bsd debts wrote off
Accommodation managers
Act 435
All Churches Trust
Bank charges
Baring Street- running costs
BUS Project
Client expenses
Coalfields
Communications
Community Foundation - Salary costs
Client Involvement
Charities Trust - Nationwide
Community CAN NE
Family Intervention - salary costs
Family Intervention - BBC Children in Need
Food Bank - Consumables
Advertising
Salary and costs
Holiday Hunger
- Rent
Greggs
Travel
-van
Volunteer expenses
Cleaning
Project Costs
Office Supplies
General office (computer, stationery etc)
Governance cost
HR
Insurance
14,315
496,454
43,C69
90,118
56,734
97,373
14,150
11,942
84,960
10,980
12,956
9,902
53,261
14,315
496,454
43,069
90,118
56,734
97,373
14,150
11,942
84,960
10,980
12,956
9,902
53,281
46,720
2.106
15,007
458,506
79,619
49,230
119,217
11,242
12,115
87,418
9,231
1,505
7,525
33.623
42,722
100
10,310
721
10,698
21,672
423
1,901
2,828
8,432
46,720
2,108
2,284
7,885
25,948
2,284
7,885
91,759
65,811
2,028
2,028
19,996
73
11,917
19,996
73
11,917
18,204
1,000
71,639
26,580
32,820
11,845
160
22,114
26,580
32.820
11,845
160
35,393
17,740
13,279
46,020
15,015
11,455
17,236
259
2,526
1,373
8,800
8,800
2,166
665
950
4,940
1,218
2,166
950
4,940
1,218
4,960
15,703
4,886
7,240
4,553
15,628
16,704
5,958
48,718
7,240
4,553
15,628
16,704
5,958
102,830
9,443
22,188
85,603
4.745
1,870
10,848
6,604
101.652
Outreach
Projects- salaries and costs
Jarrow Unit
Staff costs (employed and other workers)
- Consortium
54,114
9,443
22,188
2,234
60,469
1,262
1,343
85,603
Training
Travel
4,745
1,870
Total Resources Expended
-22-

KEY COMMUNITY
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2024
EXPENDITURE ON CHARITABLE ACTIVITIES (continuedj
Expenditure on charitable activities in 2023 was made up of £954,850 unrestricted and £441,603
restricted funds.
Costs are allocated, where possible, directly to the project concerned. Where this is not possible the
management committee have decided upon a basis which they consider appropriate.
NET INCOMING RESOURCES FOR THE YEAR
Total
2024
Total
2023
Thls Is ststsd after charylng the followlng:
Govemance Costs
10.
STAFF COSTS AND NUMBERS
2024
2023
Staff costs (employed only) comprise:
Salaries
Employers Nl contributions
Pension costs
762.294
57,901
28,749
633,860
55,540
24,524
The figures for pension costs referred to above relate to KEY'S contribution to Staff Pension Schemes.
Two members of staff are in Stakeholder Pension Scheme and the remainder are in an auto enrolment
scheme.
2024
2023
Thfr average number of persons omployed by the trust was as
follows:
Management and Administrats"ve
Charitable Activities
26
22
The number of employees whose remuneration for the year fell within the following bands, were:
2024
No.
2023
No.
£60,000 to £69,999
£70,000 to £79,999
£80,000 to £89,999
Key Management Personnel
Key management personnel comprise of one employee that has authority and responsibility for
planning, directing and controlling the activities of the charity. The total compensation costs in respect
of key management personnel for services provided to the charity was £82,710 (2023: £76,682).
11. TRUSTEES REMUNERATION AND RELATED PARTY TRANSACTIONS
No members of the Trustees received any remuneration during the year {2023'. £Nil)
Travel and other costs of £nil (2023: £Nil) were reimbursed.
No Trustee or other person related to the charity had any personal interest in any contract or
trdnsaction entered into by the charity during the year (2023: £Nil).
-23-

KEY COMMUNITY
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2024
12. TAXATION
As a charity, Key Community is exempt from tax on income and gains falling within section 505 of the
Taxes Act 1988 or S252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are
applied to its charitable objects. No tax charges have arisen in the charity.
13. FIXED ASSETS - Tangible Assets
Motor
Strickland
Heaton
Vehlcle
House Gardens
Hedley 116 Baring
Close
Street
Trinity
Walk
Total
Cost
At 1 April 2023
Additions
At 31 March 2024
Depreciatlon
At 1 April 2023
Charge for the
year
At 31 March 2024
Net Book Value
At 31 March 2024
At 31 Ma￿h 2023
129,741
205,357
31,906
30,906
165,515 37,237 600,662
129 741
205 357
165515 37237 600662
12
14. Debtors
2024
2023
Amounts due from consortium
Housing benefit due
Service charges due
Other debtors and prepayments
25,473
376,230
27,432
50,786
7.367
227,093
25,923
70.347
15. Creditors: Amounts Falling dufr within one Year
2024
2023
Other creditors, accruals and deferred income
102,340
126,569
16. ANALYSIS OF NET ASSETS BETWEEN FUNDS
General Designated Restrlcted
Funds
Funds
Funds
Total
Funds
Tangible fixed assets
Current assets
Current liabilities
574,714
990,536
574.714
1,572,342
(102.340)
92,277
(102,109)
489,529
(231)
Net Assets at 31 March 2024

KEY COMMUNITY
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2024
ANALYSIS OF NET ASSETS BETWEEN FUNDS- previous year
General Deslgnated Restrlcted
Funds
Funds
Funds
Total
Funds
Tangible fixed assets
Current assets
Current liabilities
600,662
934,162
(25,332)
1,509,492
600,662
412,076
1,479,823
(231) (126,569)
411,845
1,953,916
133,585
(101,006)
32,579
Net Assets at 31 March 2023
17. ANALYSIS OF RESTRICTED FUND MOVEMENTS
At 1 April
2023 Incoming Outgoing Transfers
At 31 March
2024
Accommodation Grant
Act 435
All Churches Trust
Awards for All
Ballinger Grant
Bursary Fund
BUS Project
Charities Trust- Nationwide
Clothing Fund
Community Foundation
Community Foundation - Outreach
Community Foundation - Rising
Stars
Consortium
Durham Community
Family Intervention
Food Banklsupport packs - funding
Jarrow Unit
Leathersellers
LGA
Mercers
Property Purchase Grants
Young People's Activities
1,107
1,012
48,111 (46,720)
1,780
(2,106)
2,498
2,443
15,012
420
40.263
30A95
847
1,666
2,256
20,000
(7,668)
27,344
420
60,491
25,883
847
86,039 (65,811}
7,305 (11,917)
15,917 {19,996)
500
(73)
2,413
2,683
19,896
36,223
19,896
52,516
101,896 {85,603)
19,613
208,218
66,230 (59,400)
100.710 (52,858)
8,000
(9,443)
15.000 (15,100)
10,000 (10,050)
(21,296)
26,443
266,070
1.443
100
50
28,782
1,452
2,140
411,845
7,486
1.452
2,140
489,298
481,488 (408,041)
4,006
The transfers of £4,006 represents overspend funded by unrestricted monies.
-25-

KEY COMMUNITY
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2024
17. ANALYSIS OF RESTRICTED FUND MOVEMENTS (Continued) - previous year
At 1 April
2022 Incoming Outgoing Transfers
At 31 March
2023
Accommodation Grant
Act 435
All Churches Trust
Awards for All
Ballinger Grant
Bursary Fund
BUS Project
Charities Trust - Nationwide
Clothing Fund
Community CAN NE
Community Foundation
Community Foundation - Outreach
Community Foundation - Rising
Stars
Consortium
Durham Community
Family Intervention
Feeding Britain
Food Banldsupport packs - funding
Fuel Bursary Donation
Great North Run
Greggs
Groundwork re trip
KEY Staff
Leathersellers
LGA
Mercers
Northumbria Police
Places for People
Property Purchase Grants
RISE
Scottish Power
Virgin Money
Young People's Activities
49.687
43,829 (42,722) (49,687>
1,070
1100}
(10,310)
1,107
1,012
10.272
38
2,443
15,012
420
40,263
30,495
15,047
420
47
48,699
847
1,000
15,000 {15,035)
188,890 (21,672) (127,002)
(18.204)
(1.000)
(8,432)
(494)
10,098
2,750
1,666
2,256
19,896
101,160 (60,469) (38,005)
(2,150)
19,896
36,223
33,537
2,150
17,085
2,786
229.988
90
1,224
74,067 {71,539)
19,613
(2,786)
89,884 1111,654
208.218
(90)
(2,137)
913
100
(100)
5,500
2,234
4,243
(5,500>
(2.234)
15,000 121,477}
10.000 (10,000
30,000 132,514)
2,234
31,296
5,000
3,901
1.452
7,974
13,254
10,000
2.563
28.782
15,000)
13.901)
1N52
{7,974)
(13,254)
(10,000>
1423
2,140
502,781
602,657 (441,633) (251,9601
411,845
-26-

KEY COMMUNITY
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2024
17. ANALYSIS OF RESTRICTED FUND MOVEMENTS (continuod)
Accommodation grants
Represents funding received towards working with young people
experiencing poverty and disadvantage.
Act 435 - This represents donations re￿iVed to give to individuals in hardship. ACT 435 is an online
charity, directly connecting those who want to give to those who are in genuine need of their help
through local church networks.
All Churches Trust - Funding was re￿iVed towards salary costs for a wellbeing worker in the prior
year.
Awards for All - Represents fvnding received in the prior year towards salary and Offi￿ costs.
Ballinger Grant- KEY receives an annual grant award of £15,000 to help with KEY'S activities.
Bursary Fund This is money KEY gives to young people as a bursary to help them overcome
employment, education, and training barrÉers.
BUS Project - Funds were re￿iVed from Community Foundation and Feeding Britain towards the
salary of a project lead and bus running costs.
Chartties Trust - Nationwide - Represents funds re￿iVed towards tenancy retention.
Clothing Fund
This is money KEY collected previously from selling donated items on eBay and at
cash for clothes towards KEY projects.
Community CAN NE - Funds received in prior years towards development and registered provider
progression.
Community Foundation
Represents funds received from Growth and Resilien￿ Fund towards
infrastructure investment post supporting the development of KEY'S new services in the prior year.
This year funds were received towards employability support.
Community Foundation
Rising Stars
Funds received in the prior year towards supporting
disadvantaged young people in South Tyneside to reach their potential.
Community Foundation - Outreach - Represents a grant received for home resettlement packs for
young people moving into independent living in South Tyneside.
Consortium
This represents funding re￿iVed for costs including the commissioned contract with
South Tyneside Council in partnership wrth DePaul UK and Pla￿S for People.
Durham Communty provided two grants towards a housing project. No further progression has been
made on this project as it is a potentially long term project. The funds were transferred to unrestricted
in the prior year to be used towards professional and technical support in order for KEY to negotiate a
lease and partnership agreement with South Tyneside Ventures Trust and a valuation on property to
be developed.
Family Intervention - Funds were received from The Henry Smith Charty and BBC Children in N￿d
towards a mediation and intervention post for 3 years.
FOCA Banklsupport packs is funds KEY receives for the KEY2Life Food Bank. Funds in 2023124 were
received in fomi of donations and grants from South Tyneside Council, Feeding Britain, The
Neighbourly Foundation, Sir James Knott and Community Foundation.
Fuel Bursary
Funds re￿iVed from individuals who received Winter Fuel Allowan￿ from the
Govemment donating the allowance to the Fuel Bursary Fund to help those in fuel poverty.
Great North Run - funds were entry fees paid from runners specifically for the Great North Run which
was cancelled in 2020 due to COVI D-19. These funds were spent in the prior year.
-27-

KEY COMMUNITY
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2024
17. ANALYSIS OF RESTRICTED FUND MOVEMENTS (continued)
Greggs- Funds awarded to a young person from hardship fund in the prior year.
Groundwork- Funding received for young people's activities which were spent in the prior year.
KEY Staff - Covers funding received for costs related to these posts, Funding offi￿r, Family
Intervention Offi￿r, Officer Manager, Prison Matters, Marketing and Communications Officer post.
Funds were spent in the prior year.
Jarrow unit - Represents funding re￿iVed from the council towards a unit to hold suppliers for the
food bus.
Leathersellers - Salaries for prevention and mediation team.
LGA- Represents a contribution received to the mental health and wellbeing provision.
Mercers - Grant award towards the annual salary costs of a second Family Intervention Officer post.
Northumbria Police
This was a grant received within the objectives of cutting crime, crime
prevention, reducing re-offending, supporting victims and community safety. Funds were spent in the
prior year.
Propety Purchase Grants - Represents grants received towards the purchase of flats. In 2019120 KEY
re￿iVed £40,000 from Clothworkers. Previously £37,237 VRS transferred to designated funds to fund
the purchase of the Trinity Walk property.
RISE and Pla￿S for People - Represents funds received towards activities sessional worker.
Scottish Power - Represents funding towards KEY Youth Hubs project which is the development of
drop in hubs for socially excluded and disadvantaged young people.
Virgin Money - Grant award towards 1-year salary and related costs for Support Worker at Askins
Lodge. In 2021 a grant was received towards additional staffing costs incurred due to COVID-19
pandemic. Funds were spent in the prior year.
Young People's Activities - Represents grant funding re￿iVed to run young people's activities.
18. MOVEMENT IN FUNDS
At
Incoming
1 April Rosources
2023
Outgoing
R•sources
Transf&rs
At
31 March
2024
Restricted funds
Charity activities
411,845
481,488
(408,041)
4,006
489,298
Unrestricted funds
General funds
Designated funds
32,579
1,509.492
1,195,397
(1,152,096)
(25,948)
(85,712)
81,706
(9,832)
1,565,250
Total Unrestricted
funds
1,542,071
1.195,397
(1,178.044)
(4,006)
1,555,418
Total Funds
-28-

KEY COMMUNITY
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2024
MOVEMENT IN FUNDS- previous year
At
Incoming
l Aprll Resources
2022
Outgoing Transfers At 31 March
Resource
2023
Restricted funds
Charity activities
502,781
602,657
(441,633) 1251,960)
411,845
Unrestrlcted funds
General funds
Designated funds
50,000
1,219,593
989,195
(968,677) (37,939)
289,899
32,579
1,509,492
Total Unrestricted
funds
1,269,593
989,195
(*8,6771
251,960
1,542,071
Purposes of Restricted Funds:
Charity activities.. The funding enables support to be given to young people experiencing hardship in
South Tyneside to allow them to live independent and successful lives.
General Funds:
Funds available for the charitable company to use for the purposes of the charitable company without
restriction.
Designated Funds:
The Trustees have decided that a designated reserve within unrestricted funds should be established
with the aim to cover up to six months operating expenditure. This decision recognises the extremely
dIff￿ult funding environment and the longer lead times between funding applications and the final
deasion on those applications.
Based on a °draft cash flow" for the year to 31 March 2025 showing expenditure of £1,680,522
(induding self-funding areas), the maximum designated reseDie on this basis should be £840,261.
The transfer of £795,413 represents funds taken from the 6 monthly expenditure designated fund in
order to build up the general funds reserve.
In addition, a further amount is being designated for potential redundancy payments £140,816.
Further amounts have been designated towards the major repairs fund of £5,320 represented by the
transfer in the year of £30,000 and expenses of £24.680.
Furthermore, funds have been designated towards the propety fund which represents the value of all
properties purchased by KEY Community as shown in note 13.
-29-

KEY COMMUNITY
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2024
18. MOVEMENT IN FUNDS Icontinued)
This means that the unrestricted funds shown al)ove should be allocated as under:
Major repairs fund
Property fund
Redundancy payments- as at 31 March 2024
Designated funds for 6 months expenditure
9,459
574,714
140,816
840,261
19. ANALYSIS OF CHANGES IN DEBT
At
At
1 Apr 2023 Cash flows 31 Mar 2024
Cash at bank and in hand
56 672
20. OPERATING LEASE COMMITMENTS
The total future minimum lease payments under non-cancellable operating leases are as follows:
2024
2023
Not later than 1 year
Later than 1 year and not later than 5 years
Due in more than 5 years
55,438
14,431
193
46,439
36,181
1,738
21. RELATED PARTIES
During the year, the charitable company continued to work in partnership with De Paul and
Places for People who are members of the South Tyneside Consortium with KEY Community.
Income for the year from De Paul was £102,033 {2023: £94,471 }. The amounts outstanding from
De Paul at the year end were £25,474 (2023: £7,367). Income for the year from Places for
People was £53,264 (2023: £24,262). The amounts outstanding from Places ft)r People at the
year end were £12,428 (2023.. £16,174).
Churches Together South Tyneside who partner with KEY to run the Key2Life Foodbank is also
considered a related party. Income from Churches Together in the current year was £nil
(2023: £nil}. There were no outstanding balan￿S at the year end (2023: £nil).
22. COMPANY LIMITED BY GUARANTEE
The legal status of the Trust is that of a company limited by guarantee and has no share capital.
The liability of each member in the event of winding-up is limited to £10.
-30-