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2023-03-31-accounts

Page
Legal and Administrative Information
Report ofthe Trustees 2-8
Auditors'
Report		 9-11
Statement ofFinancial Activities 12
Balance Sheets
Statement ofCash Flows 15
Notes to the Financial Statements 16-31
~di ~ b ui
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and Ad tive Iaforma
Founder: Squadron Leader Kenneth Kime OBE
President: Sir Ronald Norman OBE
Vice President: Dr Tony Gillham MBE
Trustees: Jeff'rey Taylor Chair
Neil Kenley Resigned - 19/12/2022
Keith Smith
Heather O'Driscoll
Nigel Williams
Emma Read
Robin Smith Appointed —24/10/2023
Dr Wendy Shepherd Appointed —24/1 0/2023
Company Secretary Peter Rowley OBE
Chief Executive Hugh McGouran
Registered Company number 05478088 (England and Wales)
Registered Charity nmnber 1111222
Bankers Handelsbanken
Ground Floor
Winder House
Kingfisher Way
Stockton on Tees
TS183EX
Investment Advisor Investec Wealth k Investment Limited
4th Floor
3 Wellington
Place
Leeds
LS14AP
Solicitors Shakespeare
Martineau		 LLP
1 Colmore Square
Birmingham
B46AA
Auditors Anderson Barrowcliff LLP
3Kingfisher
Court
Bowesfield Park
Stockton on Tees
TS183EX
Registered Office 1"Floor
Corvette House
Falcon Court
Preston Farm
Stockton on Tees
TS183TX

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Balance
hAt 332t~		 Sheet
22tt23
2023 2022
Note f.
Fixed assets
Intangible assets 13 68,320
Tangible assets 14 1,542 3,879
Investment property 15 720,000 495,000
Investments 16 5372835 602,775
Current assets 1,327,697 1,101,654
Debtors 17 45,657 111,878
Cash at bank and in hand 18 481,568 491,572
527,225 603,450
Creditors: amounts falling due within one 19
year 83,179 110,925
Net current assets 444,046 492,525
Net assets 1,771,743 1,594,179
Financed by:
Restricted funds:
Distribution Fund 24 254,463 253,044
Peat Rigg 15 720,000 495,000
974,463 748,044
Unrestricted
funds:
Income
hit Expenditure		 Account 25 259,445 243,360
Designated Administration Fund 22 537,835 602,775
Total funds 1,771,743 1,594,179

2023 2022
CbabC Cbglflg
~o
Net cash provided
by (used in)
operating
activities		 34 17,154 (596,172) 9,217 (595,675)
Cash flow from investing activities
Payments to acquire intangible and
tangible fixed assets (68,819) (68,819)
Interest, dividends
and rent
Net proceeds on purchase
and sale of		 22,199 334,001 21,055 310,616
investments 19,462 220,103 20,429 342,549
Net cash flow used in investing
activities (27,158) 485,285 41,484 653,165
Cash flow from financing activities
Receipt ofendowment 231,395 20,908
Net cash flow provided
by
financing
activities		 231,395 20,908
Change in cash and cash
equivalents
in the year
Cash and cash equivalents		 at the (105004) 120,508 50,701 78,398
beginning
ofthe year		 491,572 573,738 440,S71 495,340
Cash and cash equivalents
eud ofthe year		 at the 481,568 694446 491,572 573,738

Raising Funds
Un-
restricted Restricted Endowment Total
2023 2023 2023 2023 2022
E
Salaries 12,975 12,975 12,678
Investment
management
costs 5,546 55,812 61458 66,482
General office costs
Other costs		 4457
1,567		 4/57
1,567		 2,583
1,695
24,345 55,812 Slk157 83,438
2022 22,990 60,448 83,438
Charitable
Activities - Grant		 Making
Unrestricted funds Restricted funds Total
2023 2022 2023 2022 2023 2022
5
Direct Costs
Salaries 12,466 13,491 12,466 13,491
Grants awarded 9,596 25,025 471,332 392,723 480,928 417,748
Grants returned/written
back
Support Costs		 (5,914) (295) (5,914) (295)
Salaries 110,641 108,102 110,641 108,102
Markedng
&,advertising
Website &communications		 8,367
19,146		 9,542 8,367
19,146		 9,542
Insurance
Heat &light		 4,500 7,521
114		 4,500 7,521
114
Telephone 219 242 219 242
Printing,
stationery		 & 455 267 455 267
postage
Office equipment and rental 129 280 129 280
Computer
expenses
Bank charges		 1,971
347		 2,336
340		 1,971
347		 2,336
340
Rent &rates 7,963 7,932 7,963 7,932
Sundry expenses 1,156 1,382 1,156 1,382
Depreciation 2,295 4,550 2,295 4,550
Subscriptions 1,521 1,325 1,521 1,325
Trammg 830 648 830 648
Travel 753 753
Governance
costs		 (note 7) 42,271 35,926 42+71 35,926
212,160 205,532 477,884 405,919 611,451

Anagsis ofGovern ance
Costs
Unrestricted funds Restricted funds Total
2023 2022 2023 2022 2023 2022
K 8 6
Salaries 12,975 12,678 12,975 12,678
General office costs 4d256 2 583 4456 2,583
Auditors remuneration 5,240 5,000 5,240 5,000
Other accountancy
fees
Legal &professional		 13,585
4,648		 12,031
1,939		 13,585
4,648		 12,031
2,139
Other costs 1,567 1,695 1,567 1,695
42,271 35,926 42,271 35,926
Charitable
Activities - Advice		 and Guidance
Unrestricted funds Restricted funds Total
2023 2022 2023 2022 2023 2022
A f.
Direct Costs
Salaries 7,427 4,476 7,427 4,476
Grants awarded 37,086 45,914 37,086 45,914
Intelligent Investment
external costs 13,252 13452
Power to Change external
costs 38,677 70,521 38,677 70,521
VONNE (LARCH
Partnership
Program)		 6,585 6,585
Playzone Project external
costs 17413 17,313
13452 100,503 127496 113,755 127,496

Number ofEmployees Number ofEmployees
2023 2022
Administration 1
Grant making support costs 3
Fundraishrg 1
Total
taff costs and Trustees' remuneration
2023 2022
Salaries 140,753 136,175
Employer's National Insurance 8,843 8,402
Pension Contributions 6,888 6,848
Total 156,484 151,425

2023 2022
number Number
1 1

ntangible
Assets
Computer
Software Total
Cost:
At 1 April 2022
Additions 68,320 68@20
At 31March 2023 ~68320 688320
Depreciation:
At 1 April 2022 and 31 March 2023
Net BookValue:
31March 2023 68,320
31March 2022

14 Tangible Assets
Computer Fixtures dd
Equipment Fittings Total
5
Cost:
At 1 April 2022 25,850 14,668 40,518
Additions 499 499
At 31ielarch 2023 26,349 14,668 ~41017
Depreciation:
At 1 April 2022 22,011 14,628 36,639
Charge for the year 2,796 40 2,836
At 31March 2023 24,807 14,668 39,475
Net BookValue:
31March 2023 1,542 1,542
31March 2022 3,839 40 3,879
15 Investment
property
Total
8
Fair Value:
At 1 April 2022 495,000
Revaluation 225,000
At 31March 2023 720,000
Net BookValue:
31March 2023 720,000
31March 2022 495,000

Company Group Company Group
2023 2023 2022 2022
tt f
Govenunent stocks 39,806 1,035,697 36,920 934,253
Other fixed interest stocks 59449 1&541)573 43,710 1,106,070
UK equities 152,217 3,960,462 156,316 3,955,504
Investment trusts/funds 76,653 1,994,396 106,511 2,695,204
Overseas equities 206,960 5484,812 238,713 6,040,509
Deposit account 2,950 76,747 20,605 521,392
537,835 13,993,687 602,775 15,252,932
Analysed
as		 follows:-
Investment assets in (UK) 330,875 8,608,875 349,929 8,854,773
Investment assets outside (UK) 206)160 5,384,812 252,846 6,398,159
537,835 13,993,687 602,775 15,252,932
Balance as at I April 2022 15,252,932
Additions 2,314,171
Decrease in market value ofinvestments (1485,307)
Disposals (2,089,630)
Profit on disposal ofinvestments 346)165
Movement on cash balances held (444,644)
Balance as at 31 March 2023 13,993,687
Debtors
Company Group Company Group
2023 2023 2022 2022
Grants &donations receivable 31,680 38,750 100,458 100,458
Prepayments and accrued income 2 121 10,067 2,016 10,077
Other debtors 11,856 9,404
Concessionary loans 2,500
45,657 48,817 111,878 113,035
Included in concessionary loans isfNil (2022:I2,500)due within more than one year.
Cash at bank and in hand
Company Group Company Group
2023 2023 20202 2022
8 f
Bank: Bank accounts &cash 481,568 694,246 491,572 573,738

Company Group Company Group
2023 2023 2022 2022
Grants payable 666
Trade creditors 410 410 55 55
Accruals and deferred income 79,417 92/31 110,553 124,532
Taxation and social security 3,352 3,352 317 317
83,179 96,093 110,925 125,570
clude d within accruals an d deferred income is the fo llowing
deferred income relat
8
Sofia Offshore Windfarm Fund 36,667
Spark Grant 31,680
68,347

easured
at		 fair val ue through income o r expenditure.
Company Group Company Group
2023 2023 2022 2022
8 8
Investments (note 16) 537,835 13,993,687 602,775 15,252,932
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2023 2022
8
Admin charge transferred fiom Cleveland Community
Foundation to Tees Valley Community Foundation 239,959 236,936

2023
Balance as
Transferred		 at I April 2022
to Income 4Expenditure
Fund Irom Permanent		 Z~0,394
Endowment
Transferred
Total Return		 Funds
to Distribution
Funds
for the period (income, realised gains/losses		 (165,421)
(431,039)
and changes in market value) (623494)
Closing balance carried forward at 31March 2023 1,000,540

Company
2023		 Group
Z023		 Company
2022		 Group
2022
g
Net income/(expenditure)
for year
Interest,
dividends
and rent shown in		 177,564 (882,495) 52,485 442,443
investing
activities
Depreciation oftangible fjxed assets
Receipt ofendowment
(Gains)/losses
on investments
(increase)/decrease
in debtors
Increase/(decrease)
in creditors		 (22,199)
2,836
(179,522)
66,221
(27,746)		 (334,001)
2,836
(231495)
814,142
64,218
(29,477)		 (21,055)
5,617
(28,615)
(91,844)
92,629		 (310,616)
5,617
(20,908)
(715,429)
(87,094)
90,312
I7,154 (596,172) 9217 (595675)

Recipients ofinstitutional grant(s) grant(s) Amount
Awarded
4th Hartlepool
Boys Brigade Company		 8750
9th Hattlepool
Scout Group		 51,650
Active Tees Valley X5,000
Alice House Hospice $3,523
Apollo arts g1,000
BCTAspire CIC 511,000
Billingham
Boning Club		 X4,780
Billingham
Legacy Foundation		 f11,550
Billingham
South Primary		 51,000
Billingham
Synthonia
Juniors (Under IIs)		 52,500
Billingham
Synthonia U13		 51,000
BLAM BLAM FEVERPROMOTIONS C.I.C 52,500
BSAC43(TEESSIDE) 51,300
Cash for Kids TPM $1,000
Catalyst Stockton 610,000
Clay NE CIC f1,000
Close-Knit CIC f3,000
Coastwatch Redcar 82,500
Community
First Support Network		 Z2,590
Cowpen Amateur
Gardeners		 $2,500
Creative Minds 8500
Daisy Chain Project f3,426
Durham University
Queens		 Campus g1,000
Egglescliffe CofEPrimary School X1,000
FC Teesside 82,500
Fighting Chance Middlesbrough 52,100
First Norton Scouts 81,000
Footprints
in the community		 g3,700
Friday Friends f2,000
Friends and Residents ofNewholm Court 6718
Friends ofEston Cemetery $1,000
Friends ofHigh Clarence X1,000
FROG 54,800
Future Regeneration ofGrangetown (FROG) f4,610
Golden Smog Basketball 51,000
Great North Air Ambulance Service 82,500
Greatham
Sports Field Association		 82,000
Grenfell Club 86,800
Groundwork
North East		 $2,500
Guisborough
in Bloom		 f900
Hand in Hand CIC f750
Happy Days Children's
Charity		 Z1,000
Harmony
Charity		 C2,192
Hartlepool
Baby Bank		 52,000
Hartlepool
Rugby Club		 524,000
Hoot Out ofSchool Club g1,000
Imaginarium
Creative Studios Grant		 g1,600
Ingleby Cycle Coaching X1,000
Kidz Konnekt 812,138

Recipients ofinstitutional
grant(s)		 Recipients ofinstitutional
grant(s)		 Recipients ofinstitutional
grant(s)		 Amount
Awarded
Ladies ofSteel f2,500
Ladies ofthe Lakes Estate Association (LO TLEA) $2,000
Lazenby Village Hall 62,500
Leo's Neonatal g6,500
Lillyanne's
CIC		 $4,400
LilyAnne's
C.I.C.		 f1,500
Little Sprouts CIC 61,534
MAIN $10,000
Maltby Cricket Club $2,500
Mandale Mill Primary g1,000
Marske Litter Action 62,746
Marske on A Mission $2,500
Marske Sport and Recreation Partnership 61,000
Meals on Wheels CIC grant f4,650
Middlesbrough
Football Club Foundation		 f2,500
Mill Lane Primary School $1,000
National Walks 65,000
New Markse Harriers AC f2,500
New Marske Hamers AC $5400
Nomads Table Tennis Club $1,249
Normanby
Community		 Forum E1,000
Northumbria
University		 $7,500
Ocean Youth Trust North f2,500
Oxbridge Cemetery f1,876
Oxbridge Cemetery
(National Walks)		 617,232
Parent and Children
Together (PACT) North		 g1,000
Parkfieid Lighthouse g1,000
Parkinson UK Redcar snd District S1,000
Peat Rigg %50,000
Purple Rose Health and Wellbeing 6990
Reachout Mnistries f5,000
Redcar and Cleveland Council $11,000
Redcar Kinship Carer Support Gmup 61,000
Redcar Town Football Club g2,500
Refugee Futures fi3,000
Roseberry
Community		 Consortium f500
Rotary Club ofCleveland K4,450
Rubies $3,000
Saabat Gallery CIC g2,500
Safer Communities f6,000
Saltburn Folk Festival f2,500
Saltbum
Skate Park		 gl0,000
Skelton Bowls Club 52,000
South Bank Baptist Church F2,500
Sowing Seeds hfinistries f5,000
Stockton Council 61,994
Stockton ElmTree Table Tennis Centre 61,000
Stockton Parish Church 62,500
Stockton Rugby Club f1,500

s
wa
for the Y		 31March
Recipients ofinstitutional grant(s) Amount
Awarded
Stockton Wheelers XI,OOO
Stokesley Hockey Club $3,500
Tees Valley Wildlife Trust 81,000
Tees Valley Womens Centre 62,500
Tees Valley YMCA 82,500
Teesside Ability Support Centre $1,000
Teesside Athletic 81,000
Teesside Community
Action		 Group 65,000
Teesside Dementia Link 81,000
Teesside Group Riding For the Disabled Association 8596
Teesside Hospice 61,384
Teesside Stroke Club 81,000
Teesside University 615,500
Teesside Vineyard
Church		 f2,500
Thn Cash for Kids f52,000
The BigLeague CIC 82,000
The Christmas
Dinner Middlesbrough		 an d Teesside 61,400
The Genesis Project Middlesbrough f5,000
The Halo Project 6936
The Moses Project 81,500
The Pals I2,500
Thomaby Cricket Club 94,500
Three13 Training and Enterprise Ltd &l,970
Vision 25 86,000
VONNE I6,000
Whale Hill Community
Centre		 82,500
Woods tk Waves Forest and Beach Scho ol CIC 82,500
Yarm Fellowship
Committee		 82,500
Yatton House Society $1,471
Young at Heart $2,160
Young At Heart ULO 8750
Total grunts toinstitutions f514,164
Total grunts toindlvidauls f3,850
Total grants awarded f518,014