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2021-03-31-accounts

Page
Legal and Administrative Information
Report ofthe Trustees 2-7
Auditors'
Report
Statement ofFinancial Activities 10
Balance Sheets 11-12
Statement ofCash Flows 13
Notes to the Financial Statements 14-29

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C nsolidated Balance Sheet
At 31March 2021
2021 2020
Note
Fixed assets
Tangible assets 13 9,496 8,500
Investment property 14 495,000 495,000
Investments 15 14,880,052 12,482,276
15,384,548 12„985,776
Current
assets
Debtors 16 25,941 33,468
Cash at bank and in hand 17 495,340 413,113
521,281 446,581
Creditors: amounts falling due within one
year 18 35,258 37,434
Net current assets 486,023 409,147
Net assets 15,870,571 13,394,923
Financed by:
Restricted funds:
Permanent Endowment Fund 20 10,672,430 9,036,298
Expendable Endowment Fund 22 2,240,413 1,899,491
Distribution Fund 23 1,051,146 715,288
Peat Rigg 14 495,000 495,000
14,458,989 12,146,077
Unrestricted funds:
Income k Expenditure Fund 24 193,336 216,628
Designated Distribution Fund 25 623,658 528,243
Designated Administration Fund 2i 594,588 503,975
1,411,582 1,248,846
Total funds 27 15,870,571 13,394,923

2021 2020
N~o g
Fixed assets
Tangible assets 13 9,496 8,500
Investment property 14 495,000 495,000
Investments 15 594,589 503,975
1,099,085 1,007,475
Current assets
Debtors 16 20,034 15,576
Cash at bank and in hand 17 440,871 373,892
460,905 389,468
Creditors: amounts falling due within one year 18 18,296 16,518
Net current assets 442,609 372,950
Net assets 1,541,694 1,380,425
Financed by:
Restricted funds:
Distribution Fund 23 258,770 164,822
Peat Rigg 14 495,000 495,000
753,770 659,822
Unrestricted funds:
Income &Expenditure Account 24 193,336 216,628
Designated Administration Fund 21 594,588 503,975
Total funds ll,541,694 1,380,425

2021 2020
~Chnri C~hari ~Gr
ate g g K
Cash used in operating
activities		 33 44,102 (410,434) 155,769 (402,384)
Cash flow from investing activities
Payments to acquire tangible fixed
assets (7,363) (7,363) (1,668) (1,668)
Interest, dividends
and rent		 11,553 291,792 12,788 322,200
Net proceeds
on purchase		 and sale of
investments 18,687 193,325 6,107 163,956
Net cash flow used in investing
activities 22,877 477,754 17,227 484,488
Cash flow from financing activities
Receipt ofendowment 14,907 33,303
Net cash flow provided
by
financing activities 14,907 33,303
Change
in cash and cash
equivalents in the year 66,979 82,227 172,996 115,407
Cash and cash equivalents at the
beginning ofthe year 373,892 413,113 200,896 297,706
Cash and cash equivalents at the 440,871 495,340 373,892 413,113
end ofthe year

Raising Funds
Un-
restricted Restricted Endowment Total
2021 2021 2021 2021 2020
as restated
g
Salaries 12,485 12,485 12,212
Investment
management
costs 5,619 56,208 61,827 60,870
General office costs 5,692 5,692 5,512
Other costs 790 790 912
24,586 56,208 80,794 79,506
2020 21,439 58,067 79,506
Charitable
Activities - Grant		 Making
Unrestricted funds Restricted funds Total
2021 2020 2021 2020 2021 2020
6
Direct Costs
Salaries 10,724 15,431 10,724 15,431
Grants awarded 17,900 23,121 340,636 412,839 358,536 435,960
Grants returned/written (1,000) (3,S85) (21,978) (3,885) (22,978)
back
Support Costs
Salaries 106,448 104,122 106,448 104,122
Marketing &advertising 7,895 10,255 7,895 10,255
Insurance 7,061 3,654 7,061 3,654
Heat &light 467 2,135 467 2,135
Telephone 1,518 1,195 1,518 1,195
Printing,
stationery		 & 1,024 2,262 1,024 2,262
postage
Office equipment and rental 1,189 1,192 1,189 1,192
Computer
expenses		 7,843 4,376 7,843 4,376
Bank charges 352 312 352 312
Rent &rates 14,262 18,751 14,262 18,751
Sundry expenses 1,155 1,451 1,155 1,451
Travel &entertainment 1,413 1,413
Depreciation 51158 5,490 5,158 5,490
Subscriptions 1,582 1,479 1,582 1,479
Traulnlg 810 810
Preinises expenses 5,767 5,767
Governance
costs		 (note 7) 52,790 45,201 52,790 45,201
232,411 226,219 347,475 406,292 579,886 632,511

Unrestricted funds Restricted funds Total
2021 2020 2021 2020 2021 2020
8
Salaries 12,485 12,212 12,485 12,212
General office costs 5,692 5,512 5,685 5,512
Auditors remuneration 4,800 4,800 4,800 4,800
Other accountancy fees 12,368 14,397 12,368 14,397
Legal & professional 16,655 7,368 16,655 7,368
Other costs 790 912 790 912
52,790 45,201 52,790 45,201
Charitabl e
Activities - Advice		 and Guidance
Unrestricted funds Restricted funds Total
2021 2020 2021 2020 2021 2020
8 8
Direct Costs
Salaries 5,270 2,713 5,270 2,713
Grants awarded 43,400 47,452 43,400 47,452
Intelligent Investment
external costs 5,900 13,401 5,900 13,401
Power to Change external
costs 51,965 19,487 51,965 19,487
106,535 83,053 106,535 83,053

Number ofEmployees Number ofEmployees
2021 2020
Administration
Grant making support costs
Fundraising
Total
taff costs and Trustees' remuneration
2021 2020
Salaries 132,485 130,904
Employer's National Insurance 8,200 9,090
Pension Contributions 6,726 6,696
Total 147,411 146,690

capital gains tax as long as the income it rece
1988or Section 145 Capital Gains Taxes Act		 capital gains tax as long as the income it rece
1988or Section 145 Capital Gains Taxes Act		 ives
is within the cate
1979.		 gories covered by Section 505 T axes Act
Tangible Assets
Computer Fixtures & Office
Equipment Fittings Equipment Total
Cost
At 1 April 20120 33,086 23,144 4,763 60,993
Additions 7,363 7,363
Disposals (14,599) (8,476) (4,763) (27,838)
At 31March 2021 25,850 14,668 40,518
Bepreciation:
At 1 April 2020 25,108 22,622 4,763 52,493
Charge for the year 6,041 156 6&197
Eliminated on disposal (14,599) (8,306) (4,763) (27,668)
At 31March 2021 16,550 14,472 31,022
Net Book Value:
31March 2021 9&300 196 9,496
31March 2020 7,978 522
Investment property
Total
Fair Value:
At 1 April 2020 and 31March 2021 495,000
Net Book Value:
31March 2021 495,000
31March 2020 495,000

Company Group Company Group
2021 2021 2020 2020
S E
Government stocks 36,945 924,579 49,663 1,230,039
Other fixed interest stocks 51,775 1,295,716 52,738 1,306,203
UK equities 173)604 4,344,581 161,099 3,990,040
Investment trusts/funds 102,202 2,557,679 72,974 1,807,403
Overseas equities 219,329 5,488)869 162,133 4,015,635
Deposit account 10,734 268,628 5,368 132,956
594,589 14&880,052 503,975 12,482,276
Analysed
as follows:-
Investment assets in (UK) 353,829 8,854,851 309,362 7,662,159
Investment assets outside (UK) 240,760 6,025,201 194,613 4,820,117
594,589 14,880,052 503,975 12,482,276
2021
Balance as at I April 2020 IZ,482,276
Additions 3,883,525
Increase in market value ofinvestments 2,346,739
Disposals (4)212&522)
Profit on disposal ofinvestments 244,362
Movement on cash balances held 135,672
Balance as at 31March 2021 14,880&052
Debtors
Company Group Company Group
2021 2021 2020 2020
f
Prepayments and accrued income 2,016 10,783 5,846 14,595
Other debtors 18,018 5,946 9,730 4,661
Concessionary loans 9,212 14,212
20,034 25,941 15,576 33,468
Included
in concessionary		 loans is 53,333(2020:56,667)due within more than one year.
Concessionary loans are interest I'ree f8,414ofconcessionary
loans		 were committed but not yet taken up.
Cash at bank and in hand
Company Group Company Group
2021 2021 2020 2020
f&
Bank: Bank accounts & cash 440,871 495,340 373,892 413,113

Company Group Company Group
2021 2021 2020 2020
E
Grants payable 3 332 9,096
Trade creditors 427 427
Accruals and deferred income 14,720 28,350 13,407 25,227
Taxation and social security 3,149 3,149 3,111 3,111
18,296 35,258 16,518 37,434
Edward Gostling 1,667
Sofia Offshore Windfarm 3i333
5,000
Company Group Company Group
2021 2021 2020 2020
Investments (note 15) 594,589 14,880,052 503,975 12,482,276
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The assets h eld by each ofthe Foundation's funds are analy sed
as follow		 s:-
Invest Fixtures Net
ment 4k Computer Current
Property Investments Fitting Equipment Assets Total
Permanent Endowment
Fund 10,672,430 10,672&430
Designated Administration
Fund 594,588 594,588
Expendable Endowment
Fund 2,240,413 2,240,413
Restricted Distribution
Fund 748,963 302,183 1,051,146
Peat Rigg 495,000 495,000
Unrestricted Income &
Expenditure
Fund		 196 9,300 183,840 193,336
Designated Distribution
Fund 623,658 623,658
At 31March 2021 495,000 14,880,052 196 9300 486,023 15,870,571
At 31March2020 495,000 12,482,276 522 7,978 409,147 13,394,923
Control Relationships

2022 2020
8
Admin charge transferred
lrom		 Cleveland Community
Foundation
to Tees Valley		 Community Foundation 208,386 229,878
Grants awarded
trom Cleveland		 Community Foundation
to Tees Valley Community Foundation 5,900 13,401

2021
Balance as at I April 2020 507,376
Transferred
to Income &Expenditure		 Fund I'rom Permanent
Endowment
Funds		 (140,944)
Transferred
to Distribution		 Funds (364,621)
Total Return for the period (income, realised gains/losses
and changes
in market value)		 2,128,877
Closing balance carried forward at 31March 2021 2,130,688
Operating
Lease Commitments
Total futui e minimum
lease payments		 under non-cancellable operating leases are as follows:
2021 2020
Land 4' buildings f
Expiry:
Within one year 2,500 7,200
Within one and five years
2,500 7,200
2021 2020
Other operating
leases
Expiry:
Within one year 1,411
Within one year and five years
1,411
Recognised
in statement offinancial		 activities 15,544 18,677

Company Group Company Group
2021 2021 2020 2020
5
Net (expenditure)/income for year 161,269 2,475,648 4,322 (1,424,573)
Interest and dividends shown in
investing
activities		 (11,553) (291,792) (12,788) (322,200)
Depreciation oftangible fixed assets 6,197 6,197 6,779 6,779
Loss on disposal offixed assets 170 170
Receipt ofendowment (14,907) (33,303)
(Gains)/losses
on investments		 (109,301) (2,591,101) 57,811 1,304,889
(Increase)/decrease
in		 debtors (4,458) 7,527 183,207 166,066
Increase/(decrease)
in		 creditors 1,778 (2,176) (83,562) (100,042)
44,102 (410,434) 155,769 (402,384)

As previously
reported As restated Movement
2020 2020 2020
Investment income —Interest, increase in
dividends and related tax credits 313,449 374,319 60,870 reported
(note 4) income
Raising funds - Investment increase in
management costs (note 6) 60,870 60,870 reported
expenditure

Recipients ofinstitutional grant(s) Atnount
Awarded
A Way Out $1,000
ABC Counselling,
Play Therapy &Family Solutions C.I.C.		 81,000
Actes 82,000
Active Tees Valley 8(,000
Advice at Heart CIC $500
Age UK Teesside 81,990
Alice House Hospice 83,295
Allied Resource Community %647
Asthma Relief 81,000
Ayresome
Winning
Community		 8710
Barley Fields Primary
School		 6500
Billingham
Boxing Club		 811,500
Billingham
Environmental		 Link Programme 81,000
Billingham
Legacy Foundation		 $(2,500
Billingham
Silver Band		 81,000
Billingham
Town Council		 81,000
Bloodrun 81,000
Bloodrun EVS f1,000
BloomlnArt
CIC		 83,000
Bowes Field Primary
School		 62,000
Breckon Hill Cotnmunity Enterprise 6866
Butterwick Hospice Care 81,000
Catalyst Stockton 85,000
Cleveland
Initiative
Refugee		 Familes 81,000
Cleveland
Mountain
Rescue		 Team Z1,000
Coastwatch
Redcar		 f4,000
Coatham
Women Connect		 81,000
Community
Ventures
(lvliddlesbrough)		 Ltd 81,000
Community
Ventures
Middlesbrough		 8815
Depaul Uk $1,500
Diversity
Inside Us		 81,000
Durham
Beathe Easy Initative		 $1,000
Eaglescliffe Table Tennis Club 81,000
Eastbourne
Teens Outreach		 (Club E-Top)Programme $1,000
Eastern Ravens Trust 61,000
Eldon Grove Academy 6750
Eldon Grove Bowling Club 81,000
Eldon Grove Tennis Club 81,000
Element
I CiC		 81,000
Ennis Square Special Events 81,000
Epic Teesside CIC 6910
Families Matter 8800
Family Help Darlington
CIO		 $1,000
Five Lamps Organisation 81,000
Footprints
in the Community		 81,000

Recipients ofinstitutional
grant(s)		 Recipients ofinstitutional
grant(s)		 Amount
Awarded
Foundation
UK		 61,000
Friends ofGalley Hill Primary School E500
Future Regeneration ofGrangetown (FROG) g1,000
Gang Resistance Education and Training (G.R.E.A.T.) 61,000
GCH Trust 61,000
Grangetown
boys club juniors		 f.1,000
Grangetown
Boys Football Club		 62,000
Grangetown
Netball Club		 $940
Great North Air Ambulance
Service		 Z2,000
Grindon
Parish Hall		 $1,000
Groundwork
North East and Cumbria		 f1,000
Grow baby, part ofTeesside Vineyard Church $1,000
Guisborough
Across the Ages		 61,000
Guisborough
Bridge Association		 f.1,000
GymMad f.1,000
Hanover Elder Forum 5800
Harbour g1,000
Hartlepool
Carers		 g1,000
Hartlepool
Headland
Amateur Boxing		 Club g1,000
Hartlepool
Hope		 f1,000
Hartlepool
Lawn Tennis Club		 61,000
Hartlepool
Rugby Union Football		 Club Junior section ut 3s 61,000
Havelock Park Residents
Association		 61,500
Hemlington
Detached Youth Work Project Ltd (LI'NX)		 61,000
Hoot out for School Club $1,000
JPC Community
Farm		 6500
Katwalk Kimberleys
CIC		 62,500
Ladies ofSteel $17,000
Lakota Hub CIC E1,000
Leo's 66,500
Leo's Neonatal f5,500
Linthorpe
Academicals
FC		 61,000
Linthorpe
Women Community
Support		 g1,000
Little Sprouts CIC 82,500
Lottus Martial Arts 51,000
Low Grange Community
Centre		 51,000
Marton Coping Power programme 51,000
Men Cave g1,000
Methodist
Asylum Project		 61,000
MHA Communities
Teesside		 g2,000
Middlesbrough
Covis-19 Mutual		 Aid g500
Middlesbrough
Football Club Foundation		 g1,000
Middlesbrough
Jazz and Blues Orchestra		 $1,000
Middlesbrough
Live At Home Scheme		 $1,000
Middlesbrough
Mela Association		 $2,000
Middleton
ST George Community		 Centre g1,000

Recipients ofinstitutional
grant(s)		 Amount
Awarded
Miles for Men f.1,000
More Than a Run CIC 8684
National
Literacy Trust		 82,000
Neo Angels $1,000
New Marske Cricket Club 81,000
NOAH'S ARK PARENT AND TODDLER GROUP F00
North East Autism Society 8975
North Yorkshire
Online		 81,000
Norton Sports Charity 810,000
Oaksway Netball
Club		 81,000
Open Door (North East) 81,000
Ormesby
Community
Arms Project		 81,000
Ormesby Good Neighbours 81,000
Parkinson
UK Redcar and District		 81,000
Peat Rigg Training
Centre Ltd		 f30,000
People's Meeples $1,000
Polton Allstars Football Academy CIC 81,000
Project Seek 51,000
Rainbow Foundation 81,000
Rainbow Trust Children's
Charity		 81,000
Raw35 CIC 81,000
RCVDA 812,500
Recovery Connections 819,500
Redcar Development
Trust		 $1,000
Redcar Family Integrated
Transitions		 (RE-FIT) 81,000
Redcar Town Football Club $2,000
Redhall Wise Community
(Rewise - community)		 8910
ROSEBERRY COMMUMTY CONSORTIUM 8450
Rossmere Community
in Power		 8880
Rotary Club ofCleveland f.1,000
Royal Mencap Society f.1,000
Rubies $1,000
Safer Communities f.1,000
Saltburn
Community
and Arts Association		 81,000
Saltburn Friends ofthe Valley Ltd 81,000
SCMSH Ltd. - Bridge House Mission %1,000
Seaview Park Residents
Association		 81,000
Shooting Stars Netball Z1,000
Slave-UK $1,000
Something
Positive Solutions		 81,000
South Bank Savings &Credit Union Ltd 8500
Sowing Seeds Ministries 82,500
St Aidan's CE Memorial
Primary School		 8750
STHelen's Primary
School		 8750
STTeresa's RC Primary School 8750
STAGS 82,000

Recipients ofinstitutional Recipients ofinstitutional grant(s) grant(s) Ataoant
Awarded
Stillington
And Whitton		 Parish Council 61,000
Stockton Council 1.1,225
Stockton Cricket Club Junior Section 61,000
Stockton Parish Church f,1,000
Stockton Rugby Club f1,000
T.E.E.S.Together, Engage, Encourage, Support CIO K2,000
Tees Residents
Community		 Forum 61,000
Tees Valley Community Foundation 65,900
Tees Valley Rural Action 61,000
Tees Valley Sport 625,000
Tees Valley Together 61,000
Tees Valley Walking Football Club f1,000
Tees Valley Women's
Centre		 f1,000
Tees Wheelyboats
Club		 61,000
Teesside Ability
Support		 Centre 1.500
Teesside Dementia
Link		 f3,000
Teesside Hospice 11,250
Teesside Hospice Care Foundation 11,000
Teesside Samaritans 6500
Teesside Stroke Club f500
Teesside University f10,500
Tfm Cash for Kids 639,500
The Big League CIC f.1,000
The Chris Cave Foundation 12,500
The Foxwood Project 1.1,000
The Junction Foundation f1,000
The Link Tees Valley LTD (Link Charitable Trust) f1,769
The Main Project $970
THE MARSKE CENTRE LIMITED 11,000
The Moses Project X4,500
The Wharton
Trust		 f500
Thornaby
Cricket Club		 f1,000
Three 13 f2,500
Throston
Primary School		 1,750
VA Performing
Arts		 61,000
Vision 25 f500
Wellness First 61,000
WOMEN CLUB 46-Eastbourne (WC46e) f1,000
Yarm Lunch Club f1,000
Young At Heart ULO f1,000
Zoe's Place Baby Hospice f500
Total grants loinslitutions 6397,936
Total grants toindividuals g4,000
Total grants awarded 8401,936