Company Reglstratlon Number: 04129701 Charlty Rogistration Number: 1114785 Shotton Partnership 2000 Ltd Financial Statements For the Year Ending 31 December 2023 JANE ASCROFT ACCOUNTANCY LIMITED Chartered Accountants Enterprise House Hamiire Enterprise Park Barnard Castle County Durham DL12 8XT
Shotton Partnership 2000 Ltd Flnan¢lal Statsm¢nts Y¢ar Ended 31 December 2023 Page Trusle9s' Annual Rèport Iln¢orporaliro the Dire¢torfs Report} Indèpendent Examinets Roport to thè Trustees Statement of Financial Actiwlies Ilncluding In¢ome and Expenditur8 Account) 10 Statement of Fin8nclal Position 11 Notes lo the Flnanclal Ststernents 12 Th• Followlng Pages Do Not Form Part of thè Flnan¢lal Statements Detailed Statement of Finanryal Actsvitie8
Shotton Partnership 2000 Ltd Tru6tee6' Annual Report Iln¢orporating the Dlrectorfs Report Year Ended 31 December 2023 The trustees, who are also the directors for the purposes of cornpany law, prasent their rgP¢rt and thè unaudited financial statements of Ihe charity foi the year ended 31 D8cebe[ 2023. Ob ectlves and A¢tlvltles The objects of Shotton Partnership 2000 Lirniled are fr)r the benefit of the ¢ommunity in Shotton, County Durh8m. to promote education and vocational training.. creale job opportunities., provide recreation and leisure facilities., improve the environment,. promote public safety and reduce crime,- and provide other setvices and fac¥lilies for ccthmunity benefit as tha eharfty sees fit. Achlevements and Performance Oln 2023, for th8 first time in two years, there were no major national. regional or local emergencies to affect our vSllage. This has enabled th8 Partnership to conoentr8t8 on the delivery of viial servicès and activities that are needed by our cornrnunity, with a particular focus on Ihe cost of living crfsis. As always it has been a tr$Y year where we have been committed to delivering our funding and contractual commitments as well as exploring new opportunities and ways to Inuease th8 gel¢e$ we deliver. This year. our major new development is the building of the new youth facility al the Community Park. Shotton Community Hub The Hub has become an integral part of the Villa and is $9en as the pla to go lo access services. seek inforniation and get support as and when needed. The total nurnber ol people using the Hub in 2023 was 2,484 comprising 645 men. 1.286 women. 233 boys and 320 girls. The Hub was 8ttende¢Y for many reasons imcluding group activitie5,' training.. l.T. support,. welfare support.. 8vent5', workshops.. café,. rneeb.ngs and ¢hildren'5 aetlvSlles. The annual footrall was 19.510. ma"n9 a monthly average 011,626. The Partnefship is recognised as an oroanisalion that can deliver and thi5 year many funders have approached us to apply to them for funding so we can continue our service delivery. Outslde Area The Partnership is committed to continually look at ways to Improve the Commun5ty Hub, boih inside 8nd out. This yèar, to support Ouf Sustainability and reduce eA)St5. we installed more solar pane15 which were funded by East Durham AAP'S Green Grant and County Durham Community Foundation.
Shotton Partn8rship 2000 Ltd Trustees, Annual Report Ilncorporating th• Dlrectorf$ Report) (¢DnriftuodJ Year Ended 31 D8c&mbor 2023 Play Area The play area has proved to be a great asset especially whan we are runTrlng Fun & Food sessM)ns and holding ev8nts. Hub Café We have had a fvll year with the Café open lo the publlc and havè supplied frmid lor our Holiday Fun & Food provision.. 8venls.' party bking8', buff8ts', groups and a tuck shop during yOh sessions. l.T. Suite The l.T. Sulte provldes education 8nd training.. job search,. accredited qualif rations and access to the internel. In 2023, 285 aduts used the l.T. Suite, with an annual footfall of 1,014. Our blggest achievements in 2023 were handling 184 IAG interventions., supporting 2 learners to galn Level 1 qualification5. 13 to achieve Level 2 qualifications and 12 to reach Level 3, as well as assisting 3 people into ernploytnent. The Suit8 also gave 80 people HMRC 5UPPQrt and distributed 121 food parcals. Supporl was given to a further 52 people who had not been claimlng iheir full bènefit entitlements. Over thè yèar, thè l.T. Suite was fvndad by Good Things Foundation, vI.n Money Foundation, Thè Rank Foundation and East Durham Comrnunlty Trust's 'ConnacY project. whlch is fvnded by ihe Lottery. Mothors & Toddlèrs The weekly sessions arè held every Wednasday and allow young Children tts have fun with others their own age while motheTS. fathers or carers can chat tr) friends. The numbers flucluate every week but funding from Counrillor Cochrane's Neighbouihood Budget has supported the continuation of the sessions. Thi5 year the group enjoyed a trip to Sunderfand Illuminations as well as pantomimes al Haswell and 81ackhall. CREE Prole¢t The CREE project provides somewhere for men and women to socialise and, il needed, access support for problems they may be facing which could be affecting their mental wellbeing. The number of attendees over the year at the women's sessions was 21 wfth a group of le attending on a regular basis. The men's sesslons are mole ol a drop-in as and when needed and thi5 year we engaged 6 men, mainly for general support and social int8raction. The Men's and Women's CREES are funded by Durham County Councll's Public Health Service.
Shotton Partnership 2000 Ltd Trustges. Annual Report Ilncorporating the Dlrectoes Report) (Gontinugdl Year Ended 31 December 2023 Holidty Activitres IAAPI rthioughout the year we hekj Fun & Food actlvilies during 811 school holidays. The Fun & Food offer included activities. art and crafts, trips, lun days and free food for children. February Half Tertn.'We provided 4 days of fun activitles lor young people. 8ngaging 104 children and distributing 242 lunch pad(s. Th8 8Ctiviti8s includ8d a family lun day. art5 & crafts, circus wtsrkshop and a trip lo the Cent ol Life. Easter.. Two weeks of delivery. engaglng 111 children and distributing 313 packed lunthes. Throughoul the fv40 weeks the children attended A variety of activiti8s including trips to Advantura Valley 8nd Yorkshire Soulpture Park. family ent8rtainers, a litter pick and an Easter Party, where all attendiThJ children reiVed an Easter egg. May Half Term.. A full week of delivery, engaging 166 children and distributin9 265 lunches. Activities included a rnagic acl, a fun day picnic and a vis11 lo Tweddle Farm. Summ8r.' A six week progratnme ol delivery included Hartz enlert8lners; Crazy Colin,. trips to Beamlsh Open Air Museum." Preston Park and &)uth Shields, as w811 as an end ol Summer Fun Day. Over the SLX week period we engaged 2S3 children and distributed 890 lunch packs ol which 830 ra funded by Fun & Food. October.. The three day programrne included Hartz Entgrtainment's Hocus Pocu5 an¢J Monster Mash before ending the week with a Halloween paty. We engaged 61 children and 30 adulis as well as distribuling 91 packèd lunches. Dernber.. Over the Chrlstmas peritsd we had thr88 days of aclNities including The Grinch- Art & Crafts and a Christmas party. At the Christmas p8rty children enjoyed the enteriainment. took part In th8 games and visited Santa in his Grotto wherè they re¢eiv8d a selection box. Over this period we engaged 79 young people and provided 129 pad(ed lunches. All of these evenlsl8ctivthes were funded by Durham County Council's Fun & FoThl and Easl Durham AAP. Youth Engagement The Partnership provid85 youth sessions 3 nights a week Mondays and Tuesdays are activitie51gatnes 5e55ion5 and Wednesday Mini Chefs., thi% popular project teaches young people basic cookery ski15s. Last year we engaged 100 ehiwren al th8 Youth Sessions 152 girfs and 48 boysl. Mini Chefs attracted 38 young people 128 girls 8nd 10 btsysl wth a fooifall of 320. The children enjoyed trlps to Sunderland Illurninabons as well as three panlomime5. at Haswell, Blackhall and Peterfee College. The Ballinger Foundation, County Durham Cornmunity FouTMlat1on, Youth Invèstmant Fund and Coalfial¢J Raganaratlon Trust provided the finance for thes8 sessions. Kitchen Garden A grant frorn Virgin Money Foundation enabled us to emplrjy a Gardener lor ¥0 years. The garden has startèd lo take shape and, after one year. the kitchen garden has been d8valoped. We now hav& a greenhouse, water barrels, compost bins, raised beds and a poltin9 shed. This has enabled the Hub lo becorne more 9nvironm8ntally friendly and th8 vegetables prOdUd are used in the kitchen.
Shotton Partnership 2000 Ltd Trus¢ees' Arhnual Roport Ilncorporatlng the Directorfs Report) (Mntsrtupdl Year Ended 31 De¢?mber 2023 Community Support In 2023 Viigin Money Foundation allowed some organisations to apply lor rnore than one grant. i.e. a project grant and a core grant. As the Partnership Ls seen as a reliable'can do. orgaThisatK>n, we were successfvl in securing £30,000 towards the wzges of the l.T. Support Staff. Coryop Youth Provision The Partnership was a Good Cau89 for ihe Co-op's Comrnunty Fund and we received £2,290 which 11 be used lowards youth PTOVlSlOn. East Durham Community Trust As a member of EDCT, the Partnership has been able to work with the Trust on m8ny diffent projecis. This has been of financial benerrt to the Partnership and we have proved to the Trust that we can deliver a wid8 rangè of quality 5ervicas. ¢ Connoet The Trust secured funding from The Lottery to deliver a 4-yèar programrne of Infomiation. Advice & Guidance and the Partnership is one of Ihe delivery partners. The serwice Is modelled on 'lhere is no wrong door rf we can't help or support them. we will refer them to an organi5ation that can. We ask for feedback on the service people recetve so improvement5 ean be made if needed. ¢ As one of the partn8r organisations of the Trust, we ¢3n organise food parce15, en8roy vouchers and whlte goods. ¢ Throughout the ygar tha Trust has giv8n us a v8ri8ty of surplu$ goods including, frozen rrffjal3. pastries, blankets etc. ¢ This year 'Lel's Create. changed its nam6 lo 'No More Nowt.. As part ol the Culiure Hub. the Partnership cornmi55ioned 6 art pane15 to be hung in the main h811. The work was paid for by 'No More Nowt,. Communlty Support The Partnership continued to support the Cornmunlty and once again this year we have focussed on the cost ol Ilvlng crisis. The 5UPPOrt induded.. Dellverlng 193 free me81s to vulnerable p80pIo in the village: Delivering 30 Christmas hamper¥-, Distributing 28 winter throws and Thermo$ fl85ks'. Inviting people into the Hub for a free meal every Thursday,. we fed 318 people., Provldln9 8 warm space for peop18 of the community to hav& refreshments, charge devle8$ 8nd socialise., Setting up a table wilh donated food and clothing for people to help themselves.. Org8nising Several litter pick$ around the village., Supportlng the Partner$hlp'$'Our Place. Envlronment Group to maintain the planters around the vlllage., stsrting 818nding Ilbrary., Hostlng a Christmas Party th entertainment and complementary fd to thank the communlty for ts continued support of the Hub., These interv8ntions have been funded by The Rank Foundation,. Locality.. County Durham Community Foundation; Coalfields Trtt$t.. the Governmenfs Cost of Living grant: Asda.. Adi,. Our Lady of Lourdes Church and local residonts.
Shotton Partnership 2000 Ltd Trustees. Annual Report Ilncorporatin9 the DirectoVs Report) (continu•d} Year Ended 31 Decomber 2023 Partnershlp Office The Partnership Offic8 retnains unoccupied arKI we a looking for new tenants.. if none is lorthcomlng we will we be looklng at other optnS. Community Festival The annLJal Shotton Cornmmity Festival is avaYS very well received by the vlllage and w8 had 400 peoplg attending this year. Attiactions included a fairground,. childran's èntertainer, disto-. party gam8s; inflatables". arts & crafts and musical entertainment. The cost of the event is covered by Shotion Parish Council and local bu5iness8S together with Taffles and tombola donated for th8 day. Special Occasion5 The improvements to the Hub and gardens hos made il a gr8at pla to celebrate or commemorate a special occasion. We have an ixcrease in bookings this year including birthdays, Christenings. anniversary. conferences and fijnerals. To cÈlèbTate the Coronstion of King Char18s 111. we held a Garden Party. The 8vent was a great success and those attending enjoyed the activities induding infflatables. Disc05 & Castles, ¢hildren'5 entertainer Crazy Colin, mascot Paddlngton Bear and arts and crafts. This was fundad by Tho Lottery's Awards for All. Powerlng Up The £20.000 award from'Powerlng Up. funds a tall0d training pad(age for the Partnershp which will support in areas that would help the business grow. The support includes QUkbookS and socpl media training and the Introductio of new monitoring systems. The Capaeity Support, which will start in January 2024, includes £9,0(X) to commissk)n services. £3,000 towards professM)nal devek)pm8nt and £8.000 f¢TrT the Partnership to purchase equipment.
Shotton Partnership 2000 Ltd Tru5tees' Annual Report Ilncorporatlng the Directols Reportl l¢onthiu•dl Ye•r Ended 31 December 2023 Yovth Investm¢nt Fund The Oepartment of Media, Culture and Sport has initiated the Youth Inveslment Fund which will transform th8 Governmenvs offer lor young people and level vp opportunities right across the country. The YIF 15 to enable local youth provider5 to invest in capital projects that expand the reach. numb8r and range of seNices they currgnuy offer including capital funding lor n8w buildings. In 2022 the Path8rship 5uec8sslully applied for 3 pra-capilal grant of £61,845 lo get the new youth building lo R18A Design Stage 4. In 2023 we were put forward to the main grant., the Parish Council became th6 lead organisalion and th8 Partnership made the business case. In June 2023 the joint bid was approved and we were awarded £1.323.000 towards the demo11tlon of Ihe log cabin al the Community Park and the Construction of a n8w youth facility. Gr•ggs To end the year on another posltlve note. we w¢re awarded a total of £60,000 from Greggs Foundation. We will r8c8iva £2D,000 a year lor three years towards wages and overheads for the Hub. Summary This report hvJhlvJhts the accomplishments of Shotton Partnershlp over 8 12 month period and demonstrates how working in partnership others and having a wide netWOTk of organisatlon5. which value our servic8s, gives the Partnership extensive mechanism of support then needed. In 2023 the Partnership's generated income storted to increasè. however, we still needed grarTrts to support the overall cost of running thè Hub. Shotton Partn8rship attracted just under £245.000 of grants,. this included the YIF prè-capital grant of £61,845 whlch enabled the Partn8rship and the Parish Counol to se¢ure £1.323,000 for the new youth facility and £170,000 for the extension to the car park. Service Level Agreements generated income of£18.200. Shotton Parish Council also providès financial support for the general costs of the Hub. The fundlng Is Used towards improving the Hub's outsid8 araa. delivering s9rvices and activilias in our community and th6 employment of eight local peop. Every year seems to be busier than the last and 2024 will be more industrious than ever as will we be managing two buildlngs. As a 'can do, organlsalion, the Partnership will take everything in its stride and work together to continue the gLx)d work. Financial Review The Trustees attornpt to maint8in'fr•e" ServeS of b81wa6n three and Six rnonths core running costs. At 31st December 2023 this requirement is calculated to be bee&n £35,(M)013 rnonths expenditure) and £70,00016 months expendilurel. As of the 31 sl Dec8rnb•r 2023 the reserves totslled £89.062 however the Trustees have allocat&d £25,000 of this towards phase 4 of the outside 8r88.
Shotton Partnership 2000 Ltd Trustees. Annual Report IlnGorporatin9 the Director's Report) (eotjllnued) Year Ended 31 Decembèr 2023 Plans for 2024 YIF Youth Provision Our priority lor 2024 is to continue serVe delivery of our current setvices and start deliverin9 our rew yOLJlh services for chldren ag8d èleven plus in our newly built youth facility. Outside Area The Partnership Is commltted to maknng irnprovements to the Hub and our aim in 2024 is to extend the outside area at the rear ol the Hub to include a covered patio area. The Partnership will work towards increasing our netwtsrk ol organisalion5 to ensure that W8 do not losè out on any possiblè opportunity tnat could bo of benefit to the village of Shotton. Finally, I would like to add that, over the past 25 years, Shotton Partnershlp has wme a long way and has wnlribuied a great deal to improving the quality of life lor the resident$ of Shotton and I say a big 'thank you. to everyone involved in all of our projects for their hard work, parkncularly our Board of Trustees, volunteers and staff for their time and commitment and wlthout whom there would be no Shotlon Partnership. structure Governance and Mana ement Shotton Pat1nership 2000 Limited is o registe charily (charity number 11147851 and a limited company Icornpany number 041297011. It was incorporated on 22 December 2000 and w88 register&d a5 a charity tsn 22 June 2006. It is govemed by its ManK)randum and Articles of Association. Trustees are recruited from the bcal community and ara nomlnaled and elect a£ the charity's AGM. l Trustees give their time voSuntarily and racèive no benefit from the charity. No expenses were reclaimed from the charity during Ihe year. Public Benefit Our main activities and who we help are described elsewher8 in thSs report. All our charitable activities are undertaken lo fvrth8r our charftable purposes for th8 public benefit. The Trustees hav8 had regard to the Charity Comrnissian's guidance on public benefit throughout the year when decidlng on the ocllvities ol the charity.
Shotton Partnership 2000 Ltd Trustees, Annual Report Ilncorporating the Dlrectorfs Report) 1mnl1rf) Year Endèd 31 December 2023 Reference and Admit)Islrativo 08tails Regist¢red charity name Shotlon Partnership 2000 Ltd Charity registration number 1114785 Company reglstratlon number 04129701 Prlnclpal office and reglstered Shotton Community Hub office Bridge Road Shotton Colliery County Durham DH6 2PQ Tha Trusteès J J Btiggs ISe¢retaryl D Brooks A Hepworth Ichairl A Nelson ITre8$ur8rl D Rowell R Hardy A Thomton Company Secretary J J Briggs Independent Examlner Jane Ascroft FCA MA Icanlabl Enterprise House Hartniie Enterprise Park Bamard Castle County Durham DL12 8XT Small Cornpany Provi510nS This report has been prepared in accordan with the provlslons applicable to companies entill8d to thè small companies exemption. The trustees. annua port was approved on d5. 0 &.-JO.-ityand signed on behalf ol the board of trustees by.. J J Briggs Charfty Sècretary
Shotton Partnership 2000 Ltd Independent Examlner's Report to the Trustees of Shotton Partnership 2000 Ltd Year Ended 31 December 2023 I report to the trustees on my exarnination ol the financial siatements ol Shotton Partnership 2000 Ltd I'lhe ¢harily'l lor the year ended 31 December 2023. Responsibilities arhd Basis of Roport As the tru5tee5 of the company land also Its dkectors for the purposes of cornpany lawl you are responslble for the preparation of the financlal statements in accordance with the requirernents ol the Companies Act 20061.lhe 2008 Act'l. Hawng satisfied rny8elf that the accounts of the company are not requirèd to be audi18d under Part 16 of th8 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity's aecounts as carried out under section 145 of the Charities Act 2011 I'the 2011 Act'l. In carrying out my examination I have followed ihe Directions gNen by the Charity Commission under section 145151{bl of the 2011 Act. Ind8nd•bIt Examln•r's Statement Since the charity's gross incoThe èxceeded £250,000 your examiner must be a rnember ol a body listed in section 145 of the 2011 Act. I wnfirm that l am qualif18d to undertak8 thè examination bacause l am a m8mber of the Inststute of Chartered Accountants in England and Wales IICAEWI, which is one of the listed bodies. I have completed my ex8minatlon. I confirrn th* no matters have coma to my attention in connection with thè axamination giving me cause to believe". accounting records were not kepl in respect of the charity as required by section 386 of the 2006 Act,. or the Ilnancial statement5 do not accord wilh thos8 Tecords., or e financial statements do not comply th the accounting requlrernent5 of section 396 of the 2006 Act other than any requirement that the accounts give a Inje and fairf view which is not a rnatter considerad as part of an indèpènd8nt examlnation., or the financial statements have not been prepared in accordance with the [ethC$ and principles of (he Stalement of Recornmended Practice for accounting and reportlng by charibes applicable to CharleS pr9paring their accounts ill accDriJan¢e with the Financial Reporbng Standard applicable in the UK and Republic ol Ireland IFRS 1021. I have no concerns and have corne across no other matters in connection with the examination to which atlentK)n sh¢xJld be drawn in Ihis report in order to enable a pKopei understanding ol the accounts to be reached. Jane Ascroft FCA MA (Qantsbl Independent Examiner Enterprise House Hamire Enterprise Park Barn8rd Castle County Durham DL12 8XT
Shotton Partnership 2000 Ltd statement of Financial ActivTrtles Ilncluding income and expgnditur• ac¢ounti Year Ended 31 D8cemb•r 2023 2023 Restricted fund5 Total funds 2022 Unrestricted funds Total funds In¢om¢ and endowrnents Donation5 and legacies Charitable activities Investment incorne 2,596 45,973 5,434 54.003 277,823 35,395 280,419 81.368 5.434 126.427 67.845 1,085 Total Sncome 313.218 367.221 195,357 Expendituro Expenditure on charitable activeS Total expondltur• 59.352 114,739 174.091 174,091 142,198 59.352 114.739 142,198 Ngt incom8 {5,3491 198,479 193.130 53,159 Trarfer$ between funds 145.879 1145.8791 Net movement in funds 140.530 52,600 193.130 53.159 Reconciliation of funds Total funds brought forward Total funds carrled forward 215.898 167.148 383,046 576.176 329,887 356,428 219,748 383,046 The statemenl offinanryal activiti•s Includes all gain5 and losses recognised in Ihe year. l incorne and expenditu derfve from continuing activities. Th¥ not8s on pag8s 12 to 22 fo part of these fbnancial statements. -10-
Shotton Partnership 2000 Ltd Statement of Flnancial Positlon 31 December 2023 2023 2022 Note Flxed A$set5 Tangible fixe(J assets 15 197,881 86,547 Cumnt Assets Debtors Cash al bank ar in hand 16 8,413 372,131 294.664 380.544 298,868 Credbtors: amounts falling due wlthin one year Net Current Assets 17 2,249 2.369 378.295 2.499 Total Assets Less Current Liabilitl8S 576,176 576.176 383,046 383,046 Net Assets Funds of the Charlty Restricted funds Unrestricted fundg 219,748 356,428 576,176 167,148 215.898 Tolal charity funds 18 383,046 For the yèar ending 31 December 2023 the charity w8s entmed to exemption from audit undèr saction 477 01 the Companies Act 2006 ielating io small cofflpanies. Directors, r8sponsibilities'. Tha mambers have not quired the company lo obtain an audil of its financSal statements for the year in question in accordanc& wth section 476.. The directors acknowledge their resptsnslbllities for complying wilb the requirements of the Act with respoct to accounting records and the preparation of financial Statements. These financial staternents have been prepared in accordancg with the provisions applublg to cornpanlgs subject to the small companies, regime. These financial statements were approved by the board ol tru8l88s and aulhorised for issue on -06 -Jt248nd arè slgned on behaK oftho board by.. B A Nelson (Treasurgrl Trustee The notes on pages 12 to 22 fomi part of th85e Ilnanclal stat8monts. 11
Shotton Partnership 2000 Ltd Notes to the Flnanclal Stat•ment$ Year Ended 31 December 2023 Gen8ral Inforrnatlon The eharity is a public benèfit enlily and a private company limited by guaranteè, ragistered in England and Wale5 and a registered charity in England and Wales. The address of thè gislered officg is Shotton Corntnuriity Hub, Bridge Road, Shotton Colliery. County Durt)am. DH6 2PQ. Statement of Compllance These financial stst8rnents have b88n wepared in com18nCe wSlh FRS 102. 'The Financk?I Reporting Standard applicable in the UK and the ReputAic ol IrelaHd', the Statement ol Recommended Practice applicable to charities preparing their a¢ry)unts in accordance with the F1nancial Reporfing Standard applicab5e in the UK and Repvblic of Ireland IFRS 1021 (Charities SORP IFRS 10211 and the Companies Act 2006. Accountlng Pollclos Ba$ls of Preparation The financial statements have been prepared on the hislorical cost basis, as rnodffied ty ihe revaluation of certain Iinancial assets arid liabi1th8s and investments measurèd al fair value through income or Èxpenditure. Thg financlal statements are prepared in slerling. which is the functional currency of the enlity. The entity is a Public Benefbt Entity. Golng Concern There 8T$ nts matèrial uncertainti8s about the charity's ability to continue. Judgements and K•y Sourc85 of Estlmatlon Uncertalnty The preparation of the finan¢i81 ststemgnts r8quires management to make judgernents, 8Stirnates and assurnptions that affe¢l the amounts T8ported. These estimates and judgements are continually reviewed ané are based on experience and oth8r laclors. iNc1uding expectations ol future évents that are beli8vèd to be r88sonable under the circumstances. The trustees consider that there are no slgrifitznt estlmates or judgement5 affecting these financial statements. Fund Aeeountlng Unrestricted funds are avallable for use at the diseretlon of the trustees in furtherance ol the purposes of the Charity. Unrestricted funds include a reluatIOn reserve reprgsenting th& re5t8tement of investment assets at markèt values. Designated ftjnds arè n$tCted funds earmarked by the trustees for specffic PUTP05e$. Restricted funds are subjected to reslriclion¥ on their expenditu imposed by the donor. .12-
Shotton Partnership 2000 Ltd Notes to the Flnanclal Statsments Icofttlnuedj Year Ended 31 December 2023 A¢countlng Poll¢ie$ 1¢onllnuodJ In¢ome All inc0rn8 15 included in the siatement of financlal activitie5 wh8n the charity is entitled tD the income, any performance related conditions attached have been met or are fully within the control of Ihe charity, the irKome is consldered probab18 and the amount can be quantified with reasonable a¢¢ura¢y. The following specific pOIleS are applied to particular categorie8 of incorne.. Donations and gaCY income is receVed by way ol donations, legacies, grants and gifts and is included in full in the Statement of Financial Activities when reiV3b1e. Where leyacies have been notified to the charity but the criteria lor ine0rn8 recognition h8ve not been met. the legacy 15 treated a5 a contingent asset and disclosed rf material. Grants. where enlitlernent is not conditional on the delivery of a spe¢ific performance by the charity. are recognised when the charty becomes unconditionally entitled to the grant. Donated services and facilities are included at the value to the ¢h8rlty. being the arnount th8 ¢haiity would have been willing to pay to obtain services or facilities of U1Valent economic benefit on the open markel. Inveslmenl income is in¢ludad when receivablo. Income from charitable tradin9 aclivity is ac¢ounled ft>r when 8amed. Incorne from grants, where related to performance and specific delNerabl&s, are accounted for as the charity èarns thè rlght to consideration by its performancè. Expendlture Expenditure 15 r8cogni52d on an ac¢rua15 basis as a liability is incurred. Expenditure includes any VAT whlch cannot be fully recover8d. and is reported as part of Ihe expenditure to which it relates: C05t5 of raising furids comprise the costs associated with attracting donations, grants and legacies and the costs of trading for fundraising purposes. Charitable expenditure comprises th(Ise costs incurred by the eharity in the delivery ol Its activities and services for its beneficiories. It includes both costs that can be allocated directty to such activities and those costs of an indirect nature neSSary to support them. Other Èxp8nditure Includes all expenditura that Is neither related to ra1slng funds for the charlty nor part of Its expenditure on charitable activities. All ¢osl$ are allocated b8tween the expenditure categories of the SOFA on a basis designèd to rèflèct thè usè of thè resource. Costs relating to a particular activity are allocated directly. others a apporlloned on an approprle basis. as set out in the notes to the awounts. Tangible Assets FLxed assèts 8r6 slated at cost le5S 8ceumulated depreciation. The costs of minor addrtions or those Costing below £500 are not capitalised. 13-
Shotton Partnership 2000 Ltd Note5 to th• Flnancial Statements (thjlinuedl Year Ended 31 December 2023 Accounting Policies (contlnued) Deprgelatlon Depreciation Is calculated so zs to write off the cost or valuation of an &8set, less its residu81 value, over the useful economlc life of that asset as follows.. Property lrnprov8mants Office Equipment IT Equiprnenl Outdoor Equipment Freehold property is not depreciated as the trustee5 CSIder Ihal the property 15 maintained io such a degree that any depr8Ciation will be immaterial. Over the remaining lease term 25Yo reducing balance 20¥0 reducing balance 15Yfj reducing balanc8 Impalment of Fixed Assets A review for indicators of impairment Is carried out at each reporting date, with th8 recoverable amount being eslimated whère such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaire(J accordingly. Prioi lmpairmgn15 are also r8viewed for possible reversal at each r8POrting date. For the purpose$ of impaimient testing. when it is not posslble to estimate the recov•rabl& amourlt of an 1ndldual asset, an estimate 13 rnade of the recoverable amoullt of the eaSgeneratIng unit to which the asset belongs. The cash-generating unit is the smllest entif1able group of assets that in¢lude5 the asset and generates cash infiows that largely ind8p8ndent of cash inflows from other assets or groups of assèts. For impairment testing of goodwill, the goodwlll acquired in a busSness ry)mbinatlon is, from th8 acquisition date, allocated to each of thè cash-generating units that are expected io benefll from the synergies of the combination. wrespgctiva of whelher other assets or liabililias of the charity a assigned lo Ih05e units. Finaneial Instruments The charty rmly has financial 8SSÈtg aThJ liabilities of a kind that qualify as basic financial Instrurnent5. Basic financial instruments are initially recognised at transaction value and subsequently measured at their selfjement value. Debtors Trade and other debtors ar8 recoonised at the settlement amounl due 8ftèr any trade discount offered. Prepayments are valued at thè arnounl prepaid nat ol any trad8 discounts due. Accrued Income and tax recovarable is included at the best estimate of tbe amounts receivable at Ihe balan¢e Sheet date. Cash at Bank and in Hand Cash at bank and cash in hand includes cash and short term highly liquid investments with a short rnaturity of three months or less trom the date of acquisition or openlng of the d8posiI or similar 8¢counL 14.
Shotton Partnership 2000 Ltd Notes to the Financlal Slatements (continuwl Year Ended 31 De¢¢mb8r 2023 Accountlng Pollcles (ottllnvèdl Crodltors Creditor5 ar8 recoglli5Ed where the charity has a pr9s8nt obligation resulting from a past gV8llt that will probably result in the transf&r of lunds lo a third party and the arnount due lo Sett the obligation can be measured OT estimated reliabty. Credilors arg nomally Cognisd at thelr sethement amount after allowing lor any trade di5eounts due. Taxallon The company is considered to pa5S the tests set out in Paragraph 1 Schédule 6 of the Finance Act 2010 and therefore il rn88ts the definition ol a charitable cornpany for UK corporation tax purposes. Accordingly, th& cornpany B potentially exempl from taxation respect of income or capitsl gains received withln categorie5 COved by Chapter 3 Part 1101 the Corporation Tax knt 2010 or Section 256 of the taxation of Chargeable Gains Act 1992. to the extent that such income or gains are applied exelusively to charitable purposes. Llmlted by Guaranto• The company is limited by guarantee. Al 31st December 2023 ttr*rè were 7 members each ol whom had undertaken lo eontrSbute an QUt not exedIng £1 in the event of a winding up. Donation5 and Legacl Unrestricted Funds Restri¢t9d Total Funds Funds 2023 Donatlons Donations 1,161 2.722 3,283 Grants Shotton Parish Council Durham County CouTiciI County Durham Community FOundatn Coalfields Regeneration trust Virgin Monèy Nab"orJal Lottery Community Fund. Cost of Living Neighbourhood Grant The Rank Ftsundation Balllnger Foundation National Lottery Comrnunity Foundation- Awards For 29.289 25,000 14,960 4,993 17,134 18.120 23.449 11.776 27,940 29,289 25,000 14,960 4,993 17,134 18,120 23,449 11,776 27,940 4,284 20,000 61,846 14,000 2,930 4.264 20,000 61,846 14.000 4,365 Gr8ggs Foundatbn SI8- YIF Loc81ily Other grants 1,435 2.596 277,823 280.419 15.
Shotton Partnership 2000 Ltd Note5 to the Flnancial Stat•m•nls {v)ntinuftoy Year Endgd 31 Dècember 2023 Donatlons and Lègacl•s f¢onfIn) Unrestricted Funds Rèstrfcted Total Funds Funds 2022 Donations Donations 1,967 1.967 Grants Shotlon Parish Council Durham County Council County Durham Cornmunity Fwndatlon Coalfields Regeneration trust Virgirn Monèy ESF3 Neighbourhood Grant Othor giant5 10,000 16,367 31,986 2,000 33,836 7,971 17.498 4,802 10.0(X) 16.367 31,986 2.000 33,836 7.971 17.498 4,802 126.427 126,427 Charltable Actlvltles Unrestricted Funds Reslricled Total Funds Funds 2023 Cale sales Group Savings Durham County Council - Cree Room hire inwmÈ IT Centre Oiher income from Charitab actiwlies 22,139 15,781 4.202 6.000 37,920 4.202 6,000 18,591 8.872 5,783 18.591 5.312 1691 45.973 3,560 5,852 35.395 81,368 Unrestricted Funds Restricted Total Funds Funds 2022 Cafe sales Group Savings Durham County Council- Cre6 Room hire income IT Cent Other incom8 from charitable actwities 20.813 20,813 10.459 8,000 17,684 3,549 7,340 10,459 8.000 17,684 2.749 4,539 800 2,801 45,785 22,060 67.845 -16-
Shotton Partnership 2000 Ltd Notes to the FSnan¢ial statsments {¢oxJllnuedJ Year End 31 Dècamber 2023 Invèstmènt Inm9 Unrestricted Total Funds Unrgsmcted Total Funds Funds 2023 Funds 2022 Bank int8rÈst Tecelvable 5,434 5,434 1,085 1,085 Expènditur• on Charftable Act[tIeS by Fund Type Unrestricted Funds ftestrfcted Totsl Funds Funds 2023 Costs of charitable aetivities Isee paye 251 59.352 114.739 174,091 Llnrèstricted Funds R85tricted Total Funds Funds 2022 Costs of charitable a¢vItIeS (see pa98 251 70.840 71.358 142,198 Exp•nditure on Charitable ActLVitTres by Activity Typè ActivitS undertaken Total funds diTeclly 2023 Total fund 2022 Costs of charitatAe 8ctNitses (see page 251 174.091 174,091 142,198 10. Net Income Nel income 18 Stated 8ft8r chargingll¢rediting}'. 2023 2022 DepreciatK)n of langibla fixed assets 11.607 10,975 11. Indepènd•rtt Examlnatlon Fee$ 2023 2022 Fe88 payable lo the Independent examiner for.. Independent examination of the financial siatemenls 996 600 11 Staff Costs and Emoluments Th9 total staff costs and emp5oyge b8nefits for the reporting period are analysed as follows.. 2023 2022 Wage5 and salaries 91,904 68.742 -17-
Shotton Partnership 2000 Ltd Notes to the Flnan¢lal Slatement$ (conttnLredl Year Ended 31 December 2023 12. Staff Costs and Emolum¢nt5 (contlnufjdj The average head count of employees during the year was 812022.. 71. The averagè numbor of full-tim8 Èquwalent 8mployees during th8 year is analysed as follows.. 2023 2022 No. Number of project staff No employeo received empbyee benefits of rnore then £60.000 during the year12022= NIII. 13. Trustee Remuneratlon and Expens0$ The charfty ernployed threa trustaas during the yèsr as follows.. Judi Bri9gs wilh a gr05s salary of £8.76412023- £7,097). Denise Brooks wllh a gross salary of 4.437(2022 - £21,598). Rona Hardy with a gros5 salary of £14,96112022- £10,790}. No trust8e expenses have been incurred durlng the year12022- Nill. 14. Transfers Beleen Fund¥ During th8 year £145.879 was ITansf8rred from reslricled to unrestricted funds. £117.674 was capitsl spend which has been transferred to Capital Funds. The remaining £28,205 is ¢ontrlbutions to overheads by projects. 15. Tangible Fixed Assets Freehold Propety prortY Improvernenls Outdoor Equlpment rr Equipment Equipment Total C05t At 1 Jan 2023 Additions 30,000 37,375 4,565 41,940 40,250 58.320 702 165,945 122,941 288,886 117.674 At 31 Dec 2023 30.WO 117.674 40.250 59,022 Depre¢iatlon At 1 Jan 2023 Chafge tor the year 31,578 39.072 8.748 79.398 1,239 2.591 236 7,541 11,607 91,005 At 31 Dec 2023 1,239 34,169 39.308 16,289 Carrylng amount At 31 D8c 2023 30.000 116.435 7,771 942 42,733 197,881 86,547 At 31 Dèc 2022 30.0(X) 5,797 1,178 49,572 Tangibl$ fix•d assets held at valuation The propety was revalued in February 2012 by J W Wood, Charter8d Surveyors. This valuation was be8n U58d as deemed cost for the purposes of tran51tioning to FRS102 8nd the propety is now accounted for using Ihe hi8toritAI cost basis.
Shotton Partnership 2000 Ltd Notes to the Financial Ststements Iconlinuedl Year Ended 31 December 2023 16. Debtors 2023 2022 Trade debtors Prepayments 8nd accrued income 7,858 555 3,756 448 8,413 4,204 17. Credltors: amounts falling due wlthln ono ar 2023 2022 Trade creditors Accruals and deferred income Other creditors 147 660 1,442 147 600 1,622 2,249 2,369 18. Analysis of Charitable Fund¥ Unrestrlcted fund$ At 31 December 2023 At 1 Jarnuary 2023 Income Expendttur8 Transfers General Funds Capital fund Building Devèlopment Fund Cafe IT Centre 56,865 97,530 28,875 118,9921 111,6071 22.314 111,958 89,062 197.881 47,000 21,299 16,7961 215,898 47,000 30,368 17.8831 356,428 19.819 5,309 121.9991 16.7541 159,3521 11.249 358 54,003 145.879 At 1 January 2022 31 December 2022 Income EKpenditurè Transf8rs General Funds Capital fund Building Developmenl Fund Cafe IT Centre 39,695 37,701 27,883 136,7851 26,072 59.829 56,865 97,530 47,000 21,233 3,033 148.662 47,000 21,299 16,796) 215,898 17,708 1.279 46.870 122.7911 111.264} 170,8401 5,149 156 91.206 19-
Shotton Partnership 2000 Ltd Notes to the Flnancial Statements Iconllftuedj Year Ended 31 Dècember 2023 18. Anaty$ls of Charitablg Funds l¢¢ntlMu•dl Restrictod funds At 31 D8camb•r 2023 At 1 January 2023 Incorne Expenditure Transfers Building Development fund County Durharn Communlty Foundation IESF31 Neighbourhood Grant National Lottery Community Fund East Durharn Community TTUSt Group Savings Fund UK Online Virgin Mon&y Youth Coalfields Re98n8ration Trust County Durham Community Foundation DCC Cree CO-OP Services for othèts The Rank Foundatic Youth AAP 73,850 69,411 14,6331 {55,828) 82,800 5,385 3,905 12,3251 114,9461 11,0401 19,1621 2,020 3,246 23,449 18,120 15,7181 12.402 900 21,706 5.766 21,105 2,250 2,000 5,202 4.200 17.134 12.9001 12,9251 12,9301 {23,7261 13,6971 20.286 7,036 14,513 2.250 1.741 4,993 12,0331 16001 4,101 20.373 2,799 4.008 1.160 3.000 6,000 2,290 15.6841 15.2931 {5,7281 9,951 3,506 4,071 1,160 11,4161 11,7T6 18.7921 12.9841 2,200 2,200 -20-
Shotton Partnership 2000 Ltd Notes to the Financlal Ststem¢ntS Icontinufjdj Ytar Ended 31 Dec8mb•r 2023 18. Analy$l$ of Charltablè Funds IGon(inu•d) SIB- YIF Locality Greggs Foundation B811inger Foundation National Lottery Cotnmunity Fund- Awards For Al Counly Durham Community Foundation- Suslalnabillty 67,479 18,000 20,000 27,940 15.6551 13,7871 18541 19,0681 161,8241 14,213 19,148 16,372 (2,5001 4,264 13.1641 11,1001 9,960 313,218 19,4951 1114.7391 1145.8791 465 167,148 219,748 At 31 December 2022 At 1 January 2022 Income Exp9nditura Transfers Buil(Jing Deveh)pment fund County Durharn Community Foundatlon IESF31 Neighbourhood Grant National Lottery Cornmunity Fund East Durham Community Trust Group Savings Fund UK Online Virgin Money Youth Coaifiglds Regen8ration Trust County Durharn Communty Foundatr"on 104,290 2S.478 15,5981 150.3201 73,850 2,020 638 7.971 17,498 14.606} 113.0371 5.385 3,905 11,1941 14,201 12,5021 111,6991 9,399 8,402 8,779 1,350 16,845 3.550 33.836 311 15,4791 11.4901 14,9031 14,7311 11,8141 14,3701 12.051} (1,6601 18,0001 11,0501 900 21,706 5.766 21.105 2,250 4,803 2,000 12591 1,741 3,803 26,986 {5,8971 14,5191 20,373 21
Shotton Partnership 2000 Ltd Notès to the Finon¢ial Ststements l¢onllRuedl Year Endod 31 December 2023 18. Analysls of Charltable Funds [11) DCC Cree CO-OP Sgrvic85 for oth8r5 Community Business Renawal The Rank Foundation Youth AAP ckslart 4,605 4,008 4.288 8,000 16.0151 13.791} 2,799 4.008 1,160 1.140 {4.2681 7,706 2.083 2,200 16,6551 15821 11.0511 11,501 2.200 3.522 13,5221 171,3581 181.225 148.487 191.2061 167,148 19. Analysis of Not Assets 88tw8en Funds Unre5tricled Funds Restricted Total Funds Funds 2023 Tangible fixed assets Current Asset5 Creditors less ihan 1 ye Net a558ts 197.881 160,796 12,2491 356.428 197,881 380.544 12,2491 576,176 219,748 219,748 Unrestricted Funds RestrictEd Total Funds Funds 2022 Tangible fixed assets Current Assets Credllors less than 1 ye8r 86.547 131.720 12,3691 215.898 86.547 298.868 12.3691 383,D46 167,148 Nel assets 167,148
Shotton Partnership 2000 Ltd Management Information Year Ended 31 December 2023 The Following Pages Do Not Forni Part of th8 Flnanclal Statsments. -23-
Shotton Partnership 2000 Ltd Detalled Stalemont of Financlal Activities Year Ended 31 December 2023 2023 2022 Income and endowrnents Donatlons and legacles Donations Sh)tton Parish Coun1 Duiham County Ctsuncil County Durharn Community Foundation Coalfields Regeneration trust Vlrgin Money ESF3 National Lottery Community Fund- Cost of Living NeightK)urhood Grant The Rank Foundation Ballinger Foundation National Loltery Community Foundation- Awards For Al Greggs Foundation SIB- YSF Locality Other grants 3.283 29,289 2S,OQO 14.960 4.993 17,134 1,967 10.000 16,367 31,986 2,000 33.836 7.971 18,120 23.449 11,776 27.940 4,264 20,000 61.846 14,000 4,365 280,419 17.498 4.802 126,427 Charltablè actlvltlgs Cafe sales Group Savings Durham County Council- Cree Room hir8 Incomg IT Centre Other Income from charitable activities 37,920 4,202 6,000 18,591 8,872 5.783 20,813 10.459 8,000 17.684 3,549 7,340 67.845 81.368 Investment income Bank interest receivable 5,434 1,085 Total income 367,221 195.357 .24-
Shotton Partnership 2000 Ltd Dotaled Statement of Financial Aetlvltles Icontsrtttedj Yettr Ended 31 December 2023 2023 2022 Expenditure Wages Rates & water Light 8 heat Repairs, maint8nanc8 and other pMIseS costs Insuranca Equipment purchases Travel. training and volunteer costs Accountancy and professional lees Tolephone & internet Other office costs Depreciation Beneficiary training Other cost5 Project costs Food purchases Total expendlture 91.904 1,997 8.876 11,981 1,22S 2.847 955 1,238 1,268 930 11,607 2,711 3,535 22,463 10,554 68,742 1,179 7,994 16,234 1,050 4,532 1.872 1,321 1,555 822 10,975 2,375 14,003 9.544 174,091 142.198 Not Incom• 193.130 53.159 -25-