PRUDHOE COMMUNITY PARTNERSHIP
REPORT OF THE TRUSTEES
ST
FOR THE YEAR ENDING 31 MARCH 2024
Cliarity Name:
Prudhoe Community Partnership
Charlty Reglstratlon Numbor:
1113927
Coiiipaiiy Reglstratloii Number:
5757621
Reglstered Offlce and operatlonal address:
Spetchells Centre
58 Front Street, Prudhoe, Northumberland
NE42 SAA
Website '. www.
rudhoe.or
Facebook.. www.facebook.comls
Twitter IX). @prudhoecp
etchellscentre
Triistees:
Caroline Warburton
Paul Murray
(re-elected July 2022) Chair of Trustees IApril 20211
(re-elected July 2022) Deputy Chair (July 20211
Brenda Grey
Paul Hillary
Dr Steven Quilliam
Jlidilh Savage
Dr Carol Stephenson
lain Watt
(re-elected July 20221
(elected April 2023)
{re-elected July 2023)
(elected April 2023)
(elected April 2023)
(re-elected July 2023)
Angle Scott
Dorothy Dickinson
Northumberland County Council County Councillor
Prudhoe Town Council representative
Rotlred TriTSteos:
Vesta Moore - retired autumn 2023
Conii)any Secretaiy:
Gail Jewitt
In(lei)eii(leiil Examlner:
Dig ital Accountancy
Spetchells Cei)Ire, 58 Front Street, Prudhoe
Norlhumberland, NE42 SAA
Bankers:
Unity Trust Bank
Nine Brindleyplace
Birmingham, B12HB
Sollcltors:
Caris Robson LLP
7 Front Street
Prudhoe, NE42 5HJ
Page I

PRUDHOE COMMUNITY PARTNERSHIP
REPORT OF THE TRUSTEES
ST
FOR THE YEAR ENDING 31 MARCH 2024
The trustees, who are also directors of the charity for the purposes of the Companies Act 2006,
present their report with the financial statements of the charity for the year ended 31 sl March 2024.
The trustees have adopted the provisions of Accounting and Reporting by Charities, Statement of
Recommended Practice applicable to charities preparing their accounts in accordance with the
Financial Reporting Standard applicable in the U K and Republic of Ireland IFRS102) {effective 1 $1
January 20191
OBJECTIVES AND ACTIVITIES
Objectives ancl Alms
The Partnership's purpose as set out in the objects contained in the company's Memorandum of
Association are lo promote, for public benefit, urban and rural regeneration in areas of social and
economic deprivation - in particular the community of Prudhoe and district in the county of
Norlhumberland.
The Partnership currently interprets this 8s "m8king Priidhoe 8 betterplaco to live and work" and
engages in several activities to fulfil Ihis aim.
Publlc Beiieflt
Trustees are aware of their duty to have a due regard to the Charity Commission's public benefit
guidance when exercising any powers or duties to which the guidance is relevant.
In meeting their purpose 'to make Prudhoe a better place to live and work, they record activities that
provide public benefit in the current year below.
As examples of meeting the public benefit requirement, trustees especially note the provision of
facilities for the public in Spelchells Centre and the proposed redevelopment of East Centre for young
people as well as a number of small and large projects, many of which are listed below.
Slgnlflcaiit A¢tlvltlos
During the year, the Partnership has been involved in the following projects..
Spetchells Centro
The Partnership manages a piirpose-built community hub opened in 2012, which provides offices and
facilities for a range of public, private and voluntary groups, and organisations. It houses Prudhoe
Library, which is the core tenant.
The Spetchells Centre provides wide ranging public benefit lo the people of Prudhoe by ensuring that
advice and information services from Northumberland County Council, Prudhoe Town Council are
readily available in the centre of town.
The office5 were fully let throughout the year and tenants included Norlhiimbria Police,
Norlhumberland County Council, Prudhoe Town Council, Barclays Bank plc, Digital Accountancy,
Talking Matters, Prudhoe Youth Project, Mortal Fools and Ridgetek Web Solutions.
The Spetchells Centre has been increasing ils occupancy and, al the end of March 2024, there was
one office vacant.
I n September 2021, the Partnership took on a 5-year lease of 61 Front Street, PrLidhoe, which is a
small retail premises, lo turn il into Prudhoe Community Flub, providing a public face for PC P and to
allow for wider community work. As with all commLinily-based projects, its development is organic as
the space can be used al short notice for the needs of the local community.
Page 2

PRUDHOE COMMUNITY PARTNERSHIP
REPORT OF THE TRUSTEES
ST
FOR THE YEAR ENDING 31 MARCH 2024
East Contre
The Partnership's work on developing a viable 'fit for purpose, Youth and Community Hub continue. A
working party has made considerable progress ancl have engaged Mosedale Gillatt Architects
architects.infol to work on the plans to bring the designs to RiBa3 level. Pre-planning
application was successful and addition work on the plans continues. Application to Borderlands
Government funding is being prepared ready for submission in June 2024.
Priidhoe Pocket Park - Comniunity Orchard - Co-op Flower bod (Bee Bad)
The Partnership continues to care for this community asset which is widely used by the community to
meet and chat with family and friends. The Partnership is also working with Prudhoe Space for
Nature to develop a Community Orchard and Garden as well as developing Bee Bed in the area
outside the Coop Supermarket. The Community OrchardlGarden continues to thrive with plans to
open to the PLtblic in autumn 2024.
(Iv)
Arts aijd Culture
The Prudhoe Arts Festiv81 continues to grow and develop through 2023 and into 2024. The Arts Trail
2023 saw a significant rise in visitors to the town and Music By the Riverside was a great success
despite the wet weather. Plans to develop both aspects of our ails and culture offering for 2024 are
going well. The Arts Festival runs in July of each year.
Iv)
Volunteerliig
The Partnership continued to support volunteering in Prudhoe with support from Northumberland
CVA.
Iv1}
Cllinato Chaiige and Blodlverslty
The Partnership has taken the lead on forming a working party lo look al issues around climate
change and biodiversity running a number of Prudhoe Goes Green days which has been very popular
with the general public. The Partnership is working with the Prudhoe Town Council to develop
Climate Change Action Plan with the aim to declare a 'Climate Emergency, in autumn 2024. A small
project to extend public activities has seen the beginnings of the Green Butterfly project with small
planters being distributed to community groups.
(vii) Coininiinity Lecl Hoiislng - Ebeiiezer Chapel
Whilst initially it looked as if this project was unsuccessful, the Partnership have been approached
once again to look at taking on this development, The Partnership is working with Karbon Homes go
develop community housing. Karbon Homes is taking the lead on this project.
(vlll) Prlidhoe Walled Gar(lon
The Partnership has continued il work with the community to develop the walled garden as a
community asset. This work is on-going and involves Prudhoe Town Council and a number of
community groups.
(ixl
The Gla(le Develoi)moiit
The Partnership has been working with Prudhoe Town Council and NorthLimberland County Council
to develop a more user-friendly public space and a permanent performance area. Application to
Borderlands Government funding is being prepared ready for submission in June 2024.
Ixl
Front Stl'ogt Rotailer Siippori
The Partnership has been working with the High Street Task Force consultants to look al ways of
supporting our Front Street retailers. As a result of this work an application to Borderlands
Government funding is being prepared ready for submission in June 2024. This is to work on a
number of small projects with an aim to get this project into the Prudhoe Place Plan to seek additional
revenue funding.
Page 3

PRUDHOE COMMUNITY PARTNERSHIP
RIPORT OF THE TRUSTEES
ST
FOR THE YEAR ENDING 31 MARCH 2024
FINANCIAL REVIEW
Flnanclal Posltlon
The Partnership received income of £143,16912023.214,750} and incurred expenses of £102,513
{2023. £92,602) In addition, the Partnership made mortgage repayments on Spetchells Centre of
£30,155 which are treated as capital.
The net assets at the year-end rose to £1,044,674 (2023. £1,004,018) In relation to the main
consliluent funds..
Geiieral Fund (un restrlctad)
This fund is used to support new inilialives in the town and for general development work which
trustees are unable lo undertake themselves. The General Fund received income of £24,144 (2023:
£22,500) mainly comprising rent from shops and expenditure was £18,364 (2023.. £14,680) for core
running costs of the charity and for development activities in relation to East Centre.
Spetchells Cenlre Flind (unrestrlctecl)
This fund is for running Spetchells Centre. It received income of £119,025 (2023.. £192,250) mainly
from rents and service charges. Expenditure incurred was £84,149 (2023.. £77,922), mainly for
mortgage interest payments, building management, services, and repairs. The Trustees aim to break
even in running the Centre after accounting for Capital repayments on the mortgage of £30,155, there
was a surplus of £4,721 for the year.
Other Fiiiids (restrlcte(l)
These are specific funds for a significant number of short and long-term projects where the
Partnership has been successful in ils bids for external funding. These cover a wide range of
community projects including the Arts Festival, Radio Prudhoe, Prudhoe Space for Nature, Prudhoe
Local History Society and Warm Space, and general projecl support. In addition, Prudhoe Pocket
Park funds remain.
Assets
The Partnership holds long term leases from Northumberland County Council on the following
properties..
-Spetchells Centre
-68 & 69 Front Street (tenants.. Red Hot Properly and Slevie Cuts)
-23A Front Street {lenanl.' Shoefixl
-51 Front Street (tenant.. Dhillions Fish Inn}
The Partnership is three years into a five-year lease at a peppercorn rent with the Co-op for the
Pocket Park which started in January 2021.
Roserves pollcy
The free reserves at the year end, excluding the value of the properties were £82,304. The Trustees,
policy is to hold reserves to meet redundancy costs and six months running costs and lo hold
sufficient funds to meet any emergency repairs that might be needed to the property, and they
consider this to be an adequate sum for that piirpose.
Eveiits after the year eii(I: Covid I g lock(lowii
Page 4

PRUDHOE COMMUNITY PARTNERSHIP
REPORT OF THE TRUSTEES
ST
FOR THE YEAR ENDING 31 MARCH 2024
Whilst the main threat of the pandemic in infection spread has now receded, the long-term impact is
still being felt across the town and the region. Occupancy of the Spetchells is steady back to pre-
pandemic levels but we are aware that individual and corporate concerns remain in some cases.
FUTURE PLANS
Trustees continue to develop their long-term plans through the PCP Strategic Plans. The
Borderlands consultations Continue at a very slow and frustrating pace. In the meantime, the work of
the Partnership is growing fast with the help of external funding and expertise. The key projects being..
Working on developments with East Centre project by engaging 50 hours of time from CAN
(Alan Gerono} which has resulted in work with Rural Design Centre and Mosedale Gilliati
Architects. Working on the asset transfer from NCC continues. Initial plans have now been
submitted for pre-planning agreement and have been successful.
Developing the Prudhoe Community Hub as a central place for information and support. The
aim to cover the running costs within years is proving a challenging and covering the
costs to maintain the service is a concern to Trustees
The Prudhoe Arts Festival 2024 will run in Ju ly with both an Arts Trail and Music Festival as
well as Bookworm in partnership with the Library.
Working with Prudhoe Space for Nature and with Karbon Homes work is now progressing on
the community orchard. In addition, the Bee Bed is now in full bloom and 8 much-loved asset
to the town.
Ebenezer Chapel development with Karbon Homes, involving both the Methodist Church and
the Coal Board is moving on with plans for eight-flat affordable homes using some of the
existing stonework in a new-build. Karbon Homes are leading on this project
Working with an established group on securing the Prudhoe Walled Garden for community
use.
The Partnership is leading on three significant projects for Borderlands funding. These include
working with the Prudhoe Town Council, Northumberland County Council and a number of
community groups.
Working with interested parties on Prudhoe Goes Green cenlrin9 on renewable energies,
saving money on heating and fuel and several similar related projects.
Supporting the Prudhoe Youth Project in Its works with young people.
Building on plans to support Volunteering in Prudhoe.
Developlng plans for The Glade to update the facilities for performances, social interaction
and market spaces.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governiiig dociimeiit
The partnership is a charitable company limited by guarantee, incorporated on 26th February 2006.
The company was established under a Memorandum of Association which established the objects
and powers of the charitable company and is governed under ils Articles of Association. The
Memorandum and Articles were revised and the Annual General Meeting on 151h July 2009 and again
in August 2021.
STRUCTURE, GOVENANCE AND MANAGEMENT
Cliarity coiistitiition
The Partnership is governed by the trustees who are also directors of the company. The composition
of the trustees, body is..
Ten trustees elected from individLials and organisations in membership of the Partnership
One trustee appointed by Northumberland County Council
One trusteed appointed by Prudhoe Town Council
Trustees meet bi-monthly and volunteer to help in running Spetchells Centre and as members of
working parties and in other ways. All the projects are undertaken by trustees and supporters on a
Page 5

PRUDHOE COMMUNITY PARTNERSHIP
REPORT OF THE TRUS'fEES
ST
FOR THE YEAR ENDING 31 MARCH 2024
voluntary basis except when particular skills or resources are needed. Projects requiring additional
expertise have this work covered by external grants.
Trustees consider that the increased level of activity required additional and skilled help and agreed to
contract with Community Action Northumberland to provide a development worker for 50 days 8 year
to support trustees. This arrangement has worked well, and the contract has been renewed for a
further year.
Trustees are elected by members of the Partnership at the Annual General Meeting. Al the end of the
year, there were 62 members.
Caroline Warburlon was appointed Chair on 181 April 2021 and continues in this role until April 2026.
Paul Murray continues as the Deputy Chair role and Judith Savage is the Treasurer. The Annual
General Meeting remains in September with the next AGM to be held on Tuesday 1 g September
2024
Staff
The Partnership employs a part time Manager for Spetchells Centre, Gail Jewitt, and a part time
Assistant Manager, Julie Smith.
Related Partle8
Angle Scott is the elected member of Northumberland County Council and Dorothy Dickinson is the
elected member of Prudhoe Town Council with both of these providing financial support to the
Partnership. Both authorities are also tenants of Spetchells Centre.
Accoiints and exteriial examlnatlon
Following a review of accountancy servlces, Digital Accountancy, based in Spetchells Centre, have
been appointed as Independent Examiner for 2023124.
This report has been prepared in accordance with the Statement of Recommended Practice..
Accounting and Reporting by Charities {issued in March 2005) and in accordance with the special
provisions of Parl Vll of the Companies Act 1985 relating to small enliti&s.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Rlsk Management
The Partnership will review ils risk assessment in November 2024. An initial assessment identifies
potential loss of tenants because of the long-term impact of the pandemic and the general rise in the
costs of living.
Approved by order of the board of trustees on and signed in its behalf by..
eaio6ihe Wai614110
Caroline WarbLirlon - Chair of Trustees
Page 6

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
PRUDHOE COMMUNITY PARTNERSHIP
Independent examiner's report to the truste&8 of Prudhoe Community Partnershlp I'the Company'l
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2024.
Responsibilities and basis of report
As the charity's trustees of the Company (and also ils directors for the purposes of company law) you are responsible for the
preparation of th8 accounts in accordancè with the requirements of the Companies Act 20061'th6 2006 Act,.)
Having satisfied myself that the accounts of the Company are not required to be audited under Part 18 of Ihe 2006 Act, and
are eligible foT indèpend8nl examination, I report in respect of my examination of your charily's accounts as carried out under
section 145 of the Charities Act 2011 I'lhe 2011 Acl'l. In carrying out my examination I have followed the Directions
given by the Charity Commission under section 145(5) (b) of the 2011 Act.
Independeiit èxamlnerfs 8tatement
Since your charity's gross incorne exc88ded £250,000, your ex8miner must be a m8mb8r of a lisl8d body. I can confirm that l am
qltalified lo undertake the examination because l am a registered member of the Institute of Chartered Accountants In England
and Wales, which is one of the listed bodies.
I have completed my examination. I confirm that no matters have Come lo my attention in connection with the examinatlon
giving me cause lo beli6V6'.
accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act,. or
the accounts do not accord with those records, or
the accounts do not comply with the a¢¢ounling r&quirements of section 396 of the 2006 Act other than any
requirement that the accounts glvè a true and fair view, which is nol a maller ¢onsld8red as part of an
independent examination., or
th6 accounts have not been prepared in accordance with the methods and principles of the Slalemenl of
Recommended Practice for accounting and reporting by charities (applicable lo charili&s preparing th&ir
accoiin18 in accord8n¢e with the Financial Reporting S18ndard applicable in the UK and Republic of Ifeland
(FRS 102)).
I have no concerns and have comé across no other mallers in connection with the èxamination lo whi¢h attention should be
drawn in this report in order lo enable a proper understanding of the accounts lo be reached.
Karen Saddin9lon ACA
Institute of Chartered Accounlanls in England and Wales
Digital Accounlancy
The Spelchells Centre
58 Front Street
Prudhoe
Norlhumberland
NE42 SAA
Date..
Page 7

PRUDHOE COMMUNITY PARTNERSHIP
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2024
2024
Total
funds
2023
Total
funds
Unrestricted
funds
Restricted
funds
Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
53
15,315
15,368
59,602
Investment Income
Other incom&
139,752
3,364
139,752
3,364
121,363
85,314
Total
143,189
15,315
158,484
266,279
EXPENDITURE ON
Charitable actlvitlos
General charltable actlvltlès
102,513
16,642
119,155
137,944
Net galns on Investment8
NET INCOME
40,656
1 ,327
39,329
128,335
Transfers between funds
16
Net movement In funds
40,656
11,3271
39,329
128,335
RECONCILIATION OF FUNDS
Total funds brought forward
1,004,018
21,631
1,025,649
897,314
TOTAL FUNDS CARRIED FORWARD
1,044,674
20,304
1,064,978
1,025,649
The notes form part of these financial slalemenls
Page 8

PRUDHOE COMMUNITY PARTNERSHIP IREGISTEREO NUMBER: 057576211
BALANCE SHEET
31 MARCH 2024
2024
2023
Notes
FIXED ASSETS
Tangible assets
Investment property
1,117,500
227,500
1,117,500
227,500
10
1,345,000
1,345,000
CURRENT ASSETS
Debtors
Cash at bank and In hand
6,352
118,149
6,389
111,925
124,601
118,314
CREDITORS
Amounts falllng due wlthln on8 year
12
37,087
40,073)
NET CURRENT ASSETS
87,414
78,241
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,432,415
1,423,241
CREDITORS
Amounts falling due after mor& than one year
13
387,437
397,592
NET ASSETS
1,064,978
1,025,649
FUNDS
Unrestrlcted funds:
General fund
Capltal fund
16
95,805
948,869
1,044,874
20,304
85,304
918,714
1,004,018
21,831
Restrlcted funds
TOTAL FUNDS
1,064,978
1,025,649
The chari18ble company is entitled ID exemption from audit Linder Section 477 of the Companies Act 2006 for the year ended 31
March 2024 in accordance wilh Section 476 of Ihe Companies Act 2006.
The members have not reqLiired the company lo obtain an auolit of its financial slalemenls for the year ended 31 March 2024 In
accordance with Section 476 of the Companies Acl 2006
The trustees acknowledge their responsibilities for,.
lal ensuring that the charitable company keeps accounting records that comply with Sections 388 and 387 of the Companies
Act 2006 and
Ib) preparing financial slalemenls which give a true and fair vievi of the stale ol affairs of the charitable company as al
the end of each financial year and of its siirplus or deficit for each financial year in accordance bvilh the reqLiiremenls
of Sections 394 and 395 and which olhenNlse comply with the reqiiiremenls of the Companies Act 2008 relating to
financial slalemenls so far as applicable to the charitable company.
The notes form part of these financial slalemenls
Page 9
conv...

PRUDHOE COMMUNITY PARTNERSHIP (REGISTERED NUMBER.. 057576211
BALANCE SHEET - continued
31 MARCH 2024
These financial slalements have been prepared in accordance with the provisions applicable lo charitable compani6s subject
to the small companies regime.
The financial slalernents ere approved by the Board of Trustees and aulhorised for issue on..................
and were signed on ils behalf by..
Ms C L Warburton . Trusteè
P Murray - Trust
The notes form parl of these financial slalèmenls
Page10

PRUDHOE COMMUNITY PARTNERSHIP
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
1 ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial slalemenls of the charilable company, which is a public benefit entity under FRS102, have been prepared in
accordance with the Charities SORP (FRS 102) 'Accounling and Reporting by Charities.. Statement of ReGommended Practice
applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK
and Republic of Ireland (FRS 102) {effeclive l January 20191,, Financial Reporting Standard 102 'The Financial Reporting
Standard 8pplicable in the UK and Republic of Ireland and the Companies Act 2006. The financial slalemenls hav6 been
pr6pafed under the historical cost convention, as modified by the revaluation of certain assets.
Financial reportlng standard 102 - reduced dlsclosur8 exemptlons
The charitable company has18ken 8dvanlage of the following disclosLire exemplions in preparing th8S8 financial slalem8nls,
as permilled by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland..
the reqiiiremenls of Beclion 7 Staleménl of Cash Flows.
Income
All income is r8¢ognised in the Stalemenl ol Financial Activities once the charity has enlillem8nl lo the funds, il is probable
that the income will be received and the amoLinl c8n be measured reliably.
Voliinlary income including donations and grants are rÈcognised where there is &nlillemenl, certainly of receipt and the
amount can be measured with sufficient reliability. Income from Gharilable activities is re¢ogr)ised as earned under conlract
or where enlillemenl lo grant funding is subject lo specific performance Gondilions.
Expenditure
Liabilities are recognised as exp8ndiliire as soon as there is a leg81 or conslrliclive obligation commllling the charity lo that
expendilLlfe, il is probable that a Iransler of econoniic benefits will be reqiiired in selllemenl and the amount of the
obligation can be measured reliably. Expendiliire is accoLinled for on Sn accruals basis and has been classili8d under
headings that aggregate all costs rela16d to the category. Where costs cannol be directly allributed lo particular headings
they have been alloca18d to 8olivilies on a basls consislenl with the use of resources.
Grants offered subject lo conditions which have not been mel al the ye8r end dale are noted as a commitment bul not accru6d
as expenditure.
Tanglble flxèd assets
Depreciation is provided al the follokving annLial rates in order to wrile off 8a¢h asset over Its eslimaled useful lif6.
Long Leasehold - not provided
Fixtures and fillings - 25 % slraighl line
Investment property
Investment property is shown al most recent valuation. Any aggregate SLirplLlS or deficit arising from changes in fair value
is recognised in the SlalÈmenl of Financial Aclivilie$.
Taxation
The charity is exempt from corporation lax on ils charitable aclivilies.
FLind accounting
Unreslriclecl fliiids can be Lised in accordance wilh the charitable objeclivilies al the discretion of the IfLislees.
Reslricled funds can only be Lisecl for particular reslriclecl purposes viilhin the object ol the charity. Reslriclions arise
vihen specified by the clonor or when the funds are raised for particular reslricled purposes.
Page11
contl...

PRUDHOE COMMUNITY PARTNERSHIP
NOTES TO THE FINANCIAL STATEMENTS - continuod
FOR THE YEAR ENDED 31 MARCH 2024
1 ACCOUNTING POLICIES - continued
Fund accounting
Further explanation of the nature and purpose of eaGh fund Is included in the notes lo the financial slalemenls.
Penslon costs and other post-retlrement benefits
The charitable company operates a defined contribution pension scheme. Conlribulions payable lo the charitable
company's pension scheme are charged to th8 Slalemenl of Financial Activities In Ihe period to which they relate.
2 INVESTMENT INCOME
2024
2023
Rents & service charges
139,752
121,363
Breakdown of investment income
Rents and servlce Charges
2024
2023
General fund
Spelchells fund
24,144
115,608
22,500
08,863
Total
139,752
121,363
3 CHARITABLE ACTIVITIES COSTS
Direct
Cosls15ee
nola 41
Grant
funding of
activities
Totals
General charitablè activities
102,513
102,513
Page 12
cor)V.

PRUDHOE COMMUNITY PARTNERSHIP
NOTES TO THE FINANCIAL STATEMENTS - continuod
FOR THE YEAR ENDED 31 MARCH 2024
4 DIRECT COSTS OF CHARITABLE ACTIVITIES
Breakdown of expenditure between funds
General
Spetchells
Other
2024
2023
Staff costs
1,151
20,648
20,090
5,356
3,633
(35)
24,676
2,884
539
21,799
20,090
5,356
3,633
135)
24.676
2,864
539
19,833
18,794
3,969
3,668
104
19,996
2,810
5,317
Insurance
Telephone
Printing, slalionery & advertising
Cleaning & maintenance
Accountancy
Prof8ssional fe8S
Depreciation
Qflice costs
Interest
Olher costs
Development aGlivilies
Granl81o institutions
712
221
6,157
933
6,157
1,001
15,500
6,543
2,068
9,500
1,001
15,500
18,364
84,149
102,513
92,602
Other expenditure
5 NET INCOME I IEXPENDITUREI
Nel income l (expendillire) is staled 8fler charging l (crediting).,
2024
2023
Depreciation - ovined assets
Independent examlner's fees
1,500
1,500
6 TRUSTEES, REMUNERATION AND BENEFITS
There w8re no Iruslee's remLineralion or other benelils for the year ended 31 March 2024 nor for the year ended
31 March 2023.
Trustees, expenses
There were no trustees, expÈnses paicl for the year ended 31 March 2024, nor Iof the year ended 31 March 2023.
Page 13
conll...

PRUDHOE COMMUNITY PARTNERSHIP
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024
7 STAFF COSTS
2024
2023
Wages and salaries
Other pension costs
21,331
468
21,799
19,386
447
19,833
Th8 avera9e monthly number of employees during thè yèar was as follows..
2024
2023
Managemenl and administration
No 8mploy8es received emoluments in Èxcèss of £60.000.
8 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unreslricled
funds
Restricted
funds
Total
funds
INCOME AND ENDOWMENTS FROM
Donations and legacies
53
15,315
15,368
Investment income
Other income
139,752
3,364
139,752
3,384
Total
143,169
15,315
158,484
EXPENDITURE ON
Charitable aclivilies
General charitable activities
102,513
16,642
119,155
Net galns on investments
NET INCOME (EXPENDITURE)
40,656
{1,3271
39,329
Transfer betwèen funds
Nèt movomenl In funds
40,656
11,327}
39,329
RECONCILIATION OF FUNDS
Tot81 funds brought forward
1,004,018
21,831
1,025,649
TOTAL FUNDS CARRIED FORWARD
1,044,874
20,304
1,064,978
Page 14
contl...

PRUDHOE COMMUNITY PARTNERSHIP
NOTES TO THE FINANCIAL STATEMENTS . continued
FOR THE YEAR ENDED 31 MARCH 2024
9 TANGIBLE FIXED ASSETS
Fixtures
and
fillings
Long
leasehold
COST
As 811 April 2023 and 31 March 2024
Totals
1,117,500
62,534
1,180,034
DEPRECIATION
As al l April 2023
62,534
62,534
Charge for year
Al 31 March 2024
62,534
62,534
NET BOOK VALUE
Al 31 March 2023
1,117,500
1,117,500
Al March 2024
1,117,500
1,117,500
The Spelchells Centre was valiied in F6brLl8ry 2017 al a commercial market value assuming vacant possession al £750,000.
The Iriislees consider that because of the length of the lease, the secLirily of most tenancies and the social value of th8
biiil(ling lo the community, the fair value of th6 bLiilding is £1,117,500.
10 INVESTMENT PROPERTY
FAIR VALUE
As 1 April 2023
and March 2024
227,500
NET BOOK VALUE
Al 31 March 2024
227,500
227,500
11 DEBTORS., AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
2023
Trade debtors
Other debtors
Prepayments and accrued income
4,625
25
1,702
6,352
4,661
25
1,703
6,389
Page 15
conll...

PRUDHOE COMMUNITY PARTNERSHIP
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024
12 CREDITORS - AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
2023
Bank loans and overdrafts (see note 14)
Trade creditors
Social security and other taxes
VAT
Other Creditors
Accruals and deferred Income
28,694
3,055
47
4,266
457
568
37,087
28,694
9,585
38
742
466
568
40,073
13 CREDITORS - AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024
2023
Bank loans (see note 14)
367,437
426,286
14 LOANS
An ana5ysis of th8 malurily of loans is given below:
2024
2023
Amounts falling due within one y&ar on demand..
8ank loans
28,694
28,694
AmoLinls falling between Iwo and fiv6 years
Bankloons 1 2 years
28,694
28,694
Amounts falling between two and live years
Bank loans 2 - 5 years
86,082
86,082
Amounts falling dLl8 in more than five years
Repayable by inslalments
Bank loans more than 5 yrs by inslalmenl
Repayable other than by inslalmenls..
Bank loans niore than 5 yrs non-lnstolimenls
252,661
282,816
15 ANALYSIS OF NET ASSETS BETWEEN FUNDS
2024
Total
funds
2023
Total
funds
Unreslricled
funds
Reslrioled
fiincls
Fixecl assets
Investments
Clirrenl assets
Current liabilities
Long term liabilities
1,117,500
227,500
104,197
(37,0871
(367,437
1,044,673
1,117,500
227,500
124,501
(37,0871
(367,4371
1,064,977
1,117,500
227,500
118,314
{40,073)
397,592)
1,025,649
20.304
20,304
Page 16
onu...

PRUDHOE COMMUNITY PARTNERSHIP
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024
16 MOVEMENT IN FUNDS
Nel
Movement
in funds
Transfers
between
funds
At
0.04.23
Al
31.3.24
Unrestrlct6d funds
General fund
Spelchells fund
Capital fund
85,304
6,002
34,654
4,499
{34.654)
30,155
95,805
918,714
1,004,018
948,869
1,044,674
40,656
Restrlcted funds
Climate Change
Community Chest
Community Events
Coronation Community Fund
Credit Union
Digital Prudhoe
Employment Skills & Advice Centre
Estelle library fund
Energy Study
Flowerbed Project
Front Street Regeneration Project
Green Bullerfly Project
Karbon Homes - Event Support
Karbon Homes- Space for Nature
Karbon Homes- Warm Spaces
Local History Society
Music by the rivér
NCC CommLinily Hub Initiative
NCC Local Improvement Scheme
Pocket Park
QLieens Jubilee Fund
Upcycling project
VIP incomè
PrLidho8 & District Local History Society
Radio PrLidhoe
Space for NalLire
Spelchells Welcome Desk
Kickslart
Lel'8 Gel Digital
The East Centre
Thriving Tog61her VCSE
490
{903)
5,847
4,918
11,479}
5,408
(2,3821
5,847
355
203
500
2,915
57
355
203
500
2,915
469
(412)
150
1,400
3,850
(97)
150
1,400
3,850
383
825
1,000
2,785
15301
112,1051
765
3,510
308
118
480
825
1,000
3.009
2.836
14,6211
12241
(3,366)
17,484)
765
(1,1121
4,622
306
1,575
(1,4571
632
1,194
632
1,194
611
611
245
(194)
1,916
245
348
1,916
540
21.631
11,327
20,304
TOTAL FUNDS
1,025,649
39,329
1,084,978
Page 17
conll...

PRUDHOE COMMUNITY PARTNERSHIP
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024
MOVEMENT IN FUNDS - contlnued
Nel movement in funds, included in the above are as follows..
Incoming
resources
Resources
expended
Movement
in funds
Unrestrlcted fund8
Gen8ral fund
Sp8tchells fund
24,144
119,025
18,142
84,371
6,002
34,654
143,169
102,513
40,656
Restricted funds
Climatè Change
Community Chèst
Community Events
Coronation Community Fund
Credit Union
Digital Prudhoe
Employnienl Skills & Advice C8nlr8
Estelle library fund
Energy Study
Flowerbed Project
Front Street Regeneration Project
Green Bulléffly Project
Karbon Homes- Event Support
Karbon Homes- Space for Nature
Karbon Homes- Warm Spaces
Kickslart
Let's Gel Digital
Local History Society
Music by the river
NCC Communily Hub Initiative
NCC Local Improvement Scheme
Pocket Park
Qiieens Jiibilee Fund
Upcycling project
VIP income
PrLidhoe & District Local History Society
Radio Prudhoe
Space for Nature
Spelchells Welcome Desk
The East Centre
Thriving Together VCSE
4,918
4,918
(1,479)
1,479
355
355
500
500
412
1412)
150
1,400
3,850
150
1,400
3,850
1971
97
224
3,366
7,484
1,011
1224>
{3,366)
17,484)
765
(1,1121
1,776
1,457
11,4571
632
1,194
632
1,194
540
540
15,315
16,642
(1,3271
TOTAL FUNDS
158,484
119,155
39,329
Page 18
conll...

PRUDHOE COMMUNITY PARTNERSHIP
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024
16 MOVEMENT IN FUNDS continued
Comparatives for movement in funds
Nel
Movement
in funds
Transfers
between
funds
Al
0.04.22
Al
31.3.23
Unrestrlcted funds
General fund
Spelch611s fund
Capital fund
101,892
7,993
114,155
{24,5811
{114,155)
138,736
85,304
779,978
881,870
918,714
1,004,018
122,148
Restricted funds
Climate Change
Community Chest
Community Events
Credit Union
Employftienl Skills & Advice Centre
Es1611e library fund
Karbon Homes- Event SLlPPOrt
Karbon Hom8s- Space for Nature
Karbon Hom6s - Warm Spaces
Kickslart
Lets Gel Dlgilal
Music by the liver
NCC Community Hub Initiative
Pocket Park
PrLidh08 & District Loc81 History Society
Queens JLibilee Fund
Radio Prudhoe
Spelchells Welcome Desk
The East Centre
Thriving Together VCSE
Upcycling project
VIP income
490
{903)
710
203
2,915
13401
480
825
1,000
332
490
(903}
5,847
203
2,915
469
480
825
1,000
5,137
809
731
245
11,063)
245
2,838
{4,621)
4,622
3,009
306
2,836
13,583)
{4111
3,009
<2,6941
322
{801
(1941
1,916
{404)
12421
16,2531
5,033
5,215
3,000
322
691
(644)
611
11941
1,916
1,575
1,979
3.750
{3,5081
15,444
8,187
21,631
TOTAL FUNDS
897,314
128,335
1,025,649
Comparative nel movement in fLinds, included in the above are as follovls..
Incoming
resources
Resources
expended
Movement
in funds
Unrestricted funcls
General fLind
Spelchells fund
22,500
192,250
214,750
14,507
78,095
92,602
7.993
114.155
122,148
Page 19
conli..

PRUDHOE COMMUNITY PARTNERSHIP
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024
16 MOVEMENT IN FUNDS Continued
Comparatives for movement in funds
Restrlcted funds
Climate Change
Community Chest
Communily events
Credit Union
Employment Skills & Advice Centre
Estelle library fund
K81bon Hom8s- Event Support
Karbon Homes- Space for Nalure
Karbon Homès - Warm Spaces
Kickslart
Music by the river
NCC Community Hub Initiative
Pocket Park
Prudhoe & District Local History Society
Queens Jiibile8 Fund
Radio Prudhoe
Spelchells Welcome Desk
The East Centre
Thriving Together VCSE
Upcycling project
VIP income
490
490
(903}
710
203
2,915
1340}
480
825
1,000
(731 }
2,836
1,632
(411)
3,009
(2,694)
(322)
{80)
(194)
1,916
{404)
3,750
6.187
128,335
903
785
700
1,595
340
520
1,955
1,495
903
4,510
1,000
2,780
1,000
5,912
2,857
6,027
6,843
21
4,395
411
493
2,694
5,987
80
13,390
84
596
3,750
45,342
137,944
3,502
5,665
13,196
2,000
192
61,52
266,279
TOTAL FUNDS
Unrestrlcted fund8
General fund any incomè gifted or gran16d lo PCP for its gener81 activities, including tha rental income from two rental
properties transferred und8r the 'Assel transfer, proc8dures from Northumberland County Council to PCP.
Capltal fLJnd the valiie of thè fixed assets and investment properties less any associated borrowings.
Restrlcted funds
Community events - fLinds for community events in Prudhoe.
Estelle Library fLind - donation lo support th8 work of Prudhoe Library.
Pocket Park funding received from Norlhumberland County Council, PrLidhoe Town Council and local Iraders lo
develop a pocket park.
17 RELATED PARTY DISCLOSURES
Thero were no related parly transactions for th8 year ended 31 March 2024.
18 MEhlBER LIABILITY
The charity is a private company limited by gLiaraiilee and conseciuenlly does not havo share capital. Each of the members
is liable lo contribute an amoLinl not exceeding £1 loviards the assets of the chafily in the evenl ol liqiiidalion.
Page 20
conll...

PRUDHOE COMMUNITY PARTNERSHIP
DETAILED STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2024
2024
2023
INCOME AND ENDOWMENTS
Donations and legacie$
Donations
Grants
53
73
8,000
53
8,073
Investment Incom8
Rents & Service charg6s
139,752
121,363
other Incom6
Spelchells other income
Loan write-off
CJRS grant income
3,384
4,039
81,275
3,384
85,314
Total In¢omlng resources
143,189
214,750
EXPENDITURE
Charltable actlvltles
Wages
Pensions
21,331
468
20,090
5,356
3,633
135)
779
24,676
933
1,364
1,500
539
222
15,500
19,386
447
18,794
3,989
3,668
104
1,895
19,996
Inslirance
Telephone
Postag6 and slalionery
Siindries
Clèaning & maintenance
Office expenses
Accountancy
Independent examiners fees
Legal and professional fees
Bank charges
Development aclivilies
Fixture5 and fittings
Mortgage interest
Grants to inslilulions
1,310
1,500
5,317
173
9,500
6,157
6,543
Total resources expended
102.513
92,6Q2
Net Income
40,656
122,148
This page does not form parl of the stalLilory financial slalemenls
Page 21