2023-03-31-accounts - Prudhoe Community Partnership

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Report of the Trustees				1	to	5
Independent Examiner's		Report
Statement of Financial		Activities
Balance Sheet				8	to	9
Notes to the Financial	Statements			10	to	19
Detailed Statement of	Financial		Activities		20

							2023	2022
					Unrestricted	Restricted	Total	Total
			Notes		funds	funds	funds	funds
INCOME AND ENDOWMENTS		FROM			f	f	f
Donations and legacies					8,073	51,529	59,602	38,533
Investment Income					121,383		121,383	108,343
Other Income					85,314		86,314	81,000
Total					214,750	51,529	266,279	223,878
EXPENDITURE ON
Charitable activities
General charitable	activities			3	92,602	45,342	137,944	132,876
Net gains on Investments
NET INCOME					122,148	8,187	128,338	111 ~Il~
Transfers between	funds			16
Net movement In funds					122,148	6,187	128,336	91,000
RECONCILIATION OF FUNDS
Total funds brought	forward				881,870	15,444	897,314	806,314
TOTAL FUNDS CARRIED FORWARD					1,004,018	21,831	1,025,849	897,314

INVESTME	NT INCOME
			2023	2022
				f
Rents &service charges			121,363	106,343
Breakdown	of investment	income
Rents and	service charges		2023 5	2023f
General fund			22,500	22,685
Spetchells	fund		98,863	83,658
Total			121,363	106343

Direct	Grant
Costs (sse	funding	of
note 4)	activities		Totals
5	5
92,602			92,602

Breakdown	ofexp	enditure between	funda
			General	Spetchells f	Other 8	2023 8	2022f
Staff costs			1,983	17,850		19,833	17,325
Utilities				18,794		18,794	9,701
Insurance				3,969		3,969	3,786
Telephone				3,668		3,668	3,477
Printing, stationery		& advertising		104		104	162
Cleaning &	maintenance			19,996		19,996	24,953
Accountancy				2,810		2,810	2,587
Professional	fees		1,156	4,181		5,317	1,270
Depreciation							994
0/8ce costs							1,879
Interest				6,543		6,543	7,112
Other costs			2,041	27		2,068	1,116
Development	activities		9,500			9,500	58,533
Grants to institutions
			14680	77,922		92802	132875

			2023	2022	2022
			f	5
Depreciation	-ovmed assets				994
Independent	examiner's	fees	1,5X	1	500

7	STAFF COSTS
						2023f	2022 f
	Wages snd salaries					19,386	18,932
	Other pension costs					447	393
						18,833	12325,
	The average monthly number of	employees		during the year was as follows:
						2023	2023
	Management and administration					2	2
	No employees received emoluments		in excess off60.000.
8	COMPARATIVES FOR THE STATEMENT			OF FINANCIAL ACTIVITIES
					Unrestricted	Restricted	Total
					funds	funds	funds
	INCOME AND ENDOWNIENTS	FROM			f	f	f
	Donations and legades				8,073	51,529	59,602
	Investment income				121,363		121,363
	Other income				85 314		85,314
	Total				214,750	51,529	266,279
	EXPENDITURE ON
	Charitable activities
	General charitable activities				92,602	45,342	137,944
	Net gains on investments
	NET INCOME (EXPENDITURE)				122,148	8,187	128,335
	Transfer between funds
	Net movement in funds				122,148	B,187	128,335
	RECONCILIATION OF FUNDS
	Total funds brought forward				881,870	15,444	897,314
	TOTAL FUNDS CARRIED FORWARD				1 004,018	21,631	1,025,849

TANGIBLE FIXEDASSETS		Fixtures
	Long	and
COST	leasehold	iittingsf	Totals
As at 1 April 2022 and 31 March 2023	1,117,500	62,534	1,180,034
DEPRECIATION
As at 1 April 2022		62,534	62,534
Charge for year
At 31 March 2023		62,534	82,534
NET BOOK VALUE
At 31 March 2022	1,117,500		1,117,500
At March 2023	1,117500		1,117500

FAIR VALUE
As 1 April 2022
and March 2023			227,500
NET BOOK VALUE At 31 March 2023			227 600 227600,
DEBTORS:AMOUNTS	FALLING DUE WITHIN ONE YEAR
		2023	2022f
Trade debtors		4,861	4,388
Other debtors		25	25
Prepayments and accrued income		1 703	2,980
		6,369	7,393

12	CREDITORS - AMOUNTS	CREDITORS - AMOUNTS	CREDITORS - AMOUNTS	FALLING DUE WITHIN ONE YEAR
							2023	2022
	Bank loans and overdrafts			(sse note 14)			28,694	28,694
	Trade creditors						9,565	3,167
	Social security and other		taxes				38	69
	VAT						742	3,250
	Other Creditors						486	468
	Accruals and deferred	income					568	568
							4~,073	38,214
13	CREDITORS - AMOUNTS			FALLING DUE AFTER MORE THAN ONE YEAR			2023	2022
							f	f
	Elank loans (see note	14)					426 295	536,328
14	LOANS
	An analysis ofthe maturity			ofloans is given below:
							2023	2022
							f.	f.
	Amounts falling due within			one year on demand:
	Bank loans						28,694	28694
	Amounts falling between		two and five years
	Bank loans 1 - 2 years						28,694	28694
	Amounts falling between		two and five years
	Bank loans 2 - 5years						86,082	86082
	Amounts falling due in	more than five years
	Repayable by instalments
	Bank loans more than	5 yrs by instalmsnt					282,816	283,891
	Repayable other than	by	instalmsnts:
	Bank loans more than	5 yrs non-instalments						108,967
15	ANALYSIS OF NET ASSETS BETWEEN FUNDS
							2023	2022
				i)00tfitggtfid	st'	ed	Total	Total
				funds			(gggfif	(Itggfi K
	Fixed assets			1,117,500			1,117,500	1,117,500
	Investments			227,500			227,500	227,500
	Current assets			96,883	21,831		118,314	124,856
	Current liabilities Long term liabilities			(40,073) ~397592,			(38,214) (40,073) ~317592, ~536,328
				1 004,018	21,831		1,025,649	897,314

MOVEMENT IN FUN	DS
			Nst	Transfers
		At	Movsmsnt	between	At
		0.04.22	in funds	funds	31.3.23
		f	8	8
Unrestricted funds
General fund		101,892	7,993	(24,581)	85,304
Spetchells fund			114,155	(114,155)
Capital fund		779,978		138,736	918,714
		881,870	122,148		1,004,018
Restricted funds
Climate Change			490		490
Community events		5,137	710		5,847
Community Chest			(903)		(903)
Credit Union			203		203
Employment Skills &	Advice Centre		2,915		2,915
Estelle library fund			(340)		469
Karbon Homes - Event Support			480		480
Karbon Homes - Space for Nature			825		825
Karbon Homes - Warm Spaces			1,000		1,000
Kickstart		731	332	(1,063)
Let's Get Digital		245			245
Music by the river			2,838		2,836
Pocket Park		5,033	(411)		4,622
Prudhoe Community	Hub	(6,253)	(3,583)	5,215	(4,621)
Prudhoe & District Local History Society			3,009		3,009
Queens Jubilee Fund		3,000	(2,694)		306
Radio Prudhoe		322	322	(844)
Spetchells Welcome	Desk	691	(80)		611
The East Centre			(194)		(194)
Thriving Together VCSE			1,916		1,916
Upcycling Project		1,979	(404)		1,575
VIP income		3,750	(242)	(3,508)
		15,444	8,187		21,631
TOTAL FUNDS		897314,	128,335		1 025 e4il

Nst movement in	funds,	funds,	included
				Incoming	Resource8	Movement
				I88OUI'CS8	expended	in funds
				8		8
Unrestricted funds
General fund				22,500	14,507	7,993
Spstchells fund				192,250	78,095	114155
				214,750	92,602	122,148
Restricted funds
Community events
Estells Library fund
Energy Study
Pocket Park
Climate Change				490		490
Community events				1,495	785	710
Community Chest					903	(903)
Credit Union				903	700	203
Employment Skills &		Advice Centre		4,510	1,595	2,915
Estoile library fund					340	(340)
Karbon Homes-	Event Support			1,000	520	480
Kerbon Homes -	Space for Nature			2,780	1,955	825
Kerbon Homes - Warm Spaces				1,000		1,000
Klck8tart				5,912	6,643	(731)
Music by the river				2,857	21	2,836
Pocket Park					411	(411)
Prudhoe Community		Hub		6,027	4,395	1,632
Prudhoe & District Local			History Society	3,502	493	3,009
Queens Jubilee Fund					2,694	(2,694)
Radio Prudhoe				5,665	5,987	(322)
Spetchells Welcome		Desk			80	(80)
The East Centre				13,196	13,390	(194)
Thriving Together Upcyding Project VIP income	VCSE			2,000 192	84 598 3,750	1,918 (404) ~3755,
				51,529	45,342	6,187
TOTAL FUNDS				2$!275	137,344	125,335

Comparatives for movement	Comparatives for movement	in funds
					Net	Transfers
			At		Movement	between	At
			0.04.21		in funds	funds	31.3.22
					8	8
Unrestricted funds
General fund			116,293		8,994	(21,395)	101,892
Spetchells fund					108,154	(108,154)
Capital fund			843,773			136,205	779,978
			780,068		115,148	6,856	881,870
Restricted funds
Community events			7,967		(2,830)		5,137
Estelle Library fund				850	(41)		809
Energy Study			27,642		(20,986)	(6,656)
Pocket Park			9,789		(4,758)		5,033
Queen's Jubilee					3,000		3,000
Upcyding Project					1,979		1,979
VIP Income					3,750		3,750
Front Street					(6,253)		(8,253)
Spetchells Welcome Desk					691		691
Kickstart					731		731
Let's Get Digital					245		245
Radio Prudhoe					322		322
			46,248		~24, 148	6,656	15,444
TOTAL FUNDS			908314		91 00~		897,314
Comparative net movement	in	funds, induded	in the above srs as follows:
					Incoming	Resources	Movement
					resources	expended	in funds
					f	8	8
Unrestricted funds
General fund					22,812	15,818	6,994
Spetchells fund					177,178	69,024	108,154
					199,990	84,842	115,148
Restricted funds
Community events						2,830	(2,830)
Estelle Library fund						40	(40)
Energy Study						20,986	(20,986)
Pocket Park						4,756	(4,756)
Queens Jubilee					3,000		3,000
Upcyding Project					1,979		1,979
VIP Income					7,960	4,210	3,750
Front Street					4,854	11,107	(6,253)
Spetchells Welcome Desk					1,000	309	891
Kickstart					2,733	2,002	731
Lets Get Digital					1,860	1,815	245
Radio Prudhoe					500	178	322
					23,886	48,033	(24,147)
TOTAL FUNDS					223 878	132,878	91,001

			2023f	2022f
INCOME AND ENDOWMENTS
Donations and	legacies
Donations			73	147
Grants			8,000	38,386
			8,073	36,533
Investment Income
Rents &Service	charges		'l21,363	106,343
Other Income
Spetchslls other	income		4,039
Loan write-off			81,275	81,000
CJRS grant income
			85,314	81,000
Total Incoming	resources		214,766	222676,
EXPENDITURE
Charitable activities
Wages			19,386	16,932
Pensions			447	393
Utilities			18,794	9,701
Insurance			3,969	3,786
Telephone			3,668	3,477
Postage and stationery			104	182
Sundries			1,895	984
Cleaning &maintenance			19,996	24,953
Oflice expenses				1,879
Accountancy			1,310	1,067
Independent examiners		fees	1,500	1,500
Legal and professional		fees	5,317	1,270
Bank charges			173	152
Development activities			9,500	58,533
Fixtures and fittings				994
Mortgage Interest			6,543	7,112
Grants to institutions
Total resources expended				132,875
Net Income			122 148	91,001