Company Reglstration Number: 04129701 Charity Registration Number: 1114785 Shotton Partnership 2000 Ltd Financial Statements For the Year Ending 31 December 2024 JANE ASCROFT ACCOUNTANCY LIMITED Chartered Accountants Enterprise House Harmire Enterprise Park Barn8rd Castle County Durham DL12 8XT
Shotton Partnership 2000 Ltd Financlal Statements Year Ended 31 December 2024 Page Trustees, Annual Report (Incorporating the Director's Report) Independent Examiner's Report to the Trustees statement of Financial Activilies (Including Income and Expenditure Account) Statemenl of Financial Position 10 Notes to the Financial Statements 11 The Followlng Pages Do Not Form Part of the Flnancial Statements Detailed Statement of Financial Activities 23
Shotton Partnership 2000 Ltd Truslees, Annual Report {Incorporatlng the Directorfs Report) Year Ended 31 December 2024 The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 December 2024. Ob'ectives and Activities The objecls of Shotton Partnership 2000 Limited are for the benefit of the communily in Shottr)n, County Durham. to promote education and vocational training-, create job opportunitie5- provide recreation and leisure facilities- improve the environment,. promole public safety and reduce crime,. and provide olher services and facilities for community benefit a5 the charity sees fit. Achievements and Performance 2024 has been a busy year where we have been committed to delivering our funding and conlractual commitment as well as exploring new opportunities and way to increase the services we deliver. This year saw a milestone for the Partnership as not only was it our 25th anniversary year il started a new chapter for us as we extended our service provision to include youth work. Even with the extra work, we have managed to continue our ongoing projects and services as well as introducing several new ones, despite the current funding climate. The Partnership has not missed any financial opportunities, resulting in us being successful in securing grants from new financial programmes and SLAS, as well as increasing our generated income. Shotton Community Hub The Hub has become an integral part of the village and is seen as the place to go to access services. seek Infomation and get support as and when needed. The total number of people using the Hub in 2024 was 2,601 comprising 645 men, 1.286 women, 233 boys and 320 girfs. The Hub was attended for many reasons including group activities- l.T'. training welfare support,. events.. workshops., café- meetings, Youth Club and School holiday programme.. and outside organisations support. The annual footfall was 19,943. making a rnonthly average of 1,661. The Partnership is recognised as an organisation that can deliver and this year many fvnders have approached us to apply to them for funding $0 we can continue our vital service delivery. Outside Area The Partnership is committed to continually look at ways to improve the Community Hub both inside and out. This year to enable us to use the outside area we extended the patio and install a canopy which will provide much needed cover in poor weather conditions. This work was funded by Point North formally Called County Durham Community Foundation and donations.
Shotton Partnership 2000 Ltd Trustees. Annual Report {In¢orporating the Director's Report) {continuedJ Year Ended 31 December 2024 Play Area The play area has proved to be a great access especially for youth sessions. private parties and holding events, it is also a great asset when delivering the Fun & Food sessions. Hub Café The Café is used by our user groups, as a tuck shop for the youlh clubs and supplied food for our Holiday Fun & Food provision,. events,. party bookings., and buffets. We do daily deliveries and have a Lunch club on a Friday. The kitchen gardens provide some of the vegetables used in the kitchen. Over the winter months the café is a wam space where we do free meals one day a week and hot sandwiches one day a week. We also deliver 50 free meals per week. These are funded by Point North and Age UK. l.T. Suite The l.T. Suite provides education and Iraining,. job search; accredited qualifications and access to the internet. In 2024, 268 adults used the l.T Suite and attracted 38 new members. Our biggest achievements in 2024 were handling 99 IAG interventions,. supportlng 5 learners to gain Level 1 qualifications and 19 to achieve Lev812 qualifications as well as assisting 4 people into employment. Support was given lo a further 47 people who had not been claiming their full benefit entitlements. Over the year, the l.T. Suite was funded by Virgin foundation, Greggs and East Durham Community Trusfs 'Connect' project which is funded by the Lottery. Mothers & Toddlers The weekly sessions are held every Wednesday and allow young children to have fun with others their own age while motherslcarers can chat to friends. The numbers fluctuate every week but funding from Councillor Cochranes remaining NHB. This year the group enjoyed a Irip Sunderland lights and the Play Place area CREE Project The CREE project provides somewhere for people to socialise and, if needed, access support for problern5 they may be facing which Could be affecting their mental wellbeing. This year we changed the delivery of the Men's CREE to a youlh people's CREE. this is because the men prefer to come is as and when they want for one to ones ralher than group sessions. The women's session5 was 15 with a group of 12 attending on a regular basis. they do a variety of activities including trips and meals out. It is early days for the young people's Cree but it wll be a good 58rvice for the new youth centre The Men's and Women's CREES are funded by Durham County Council's Public Health Service.
Shotton Partnership 2000 Ltd Trustaes. Annual Report (Incorporating the Dlrector's Report) (continue Year Ended 31 December 2024 Holiday Activities (AAPI Throughout the year we held Fun & Food activities during all school holidays. The Fun & Food offer included activilies, art and crafts, trips, fun days and free food for children. February.. We provided 5 days fun activities for young people. we engaged 105 children distributing 115 lunches. The aclivities include a Family fun day, arts & craft and a frozen themed workshop. Easter.. Two weeks of delivery, engaging 57 children, distributing 159 lunches. Throughout the weeks the children attended a variety of activities including trips to Ihe Dunes at South Shields, family entertainers, Easter Hunt and an Easter Paty where all young people that attended received an Easter egg. Summer.. A six week programme of delivery included Magic Andrew, Crazy Colin, Nature Walk, Arts and Crafts, Assault course trips to South Shields Roman Fort, Warton Park, Durham Cathedral and Seaham as well as an end of summer Fun Day. Over the six weeks we engaged 86 children and distributed 588 lunches. This year was the first year the youth centre delivered the Fun & Food summer activities for the young people eleven plus. There was twelve sessions. activities included working with a artists to produce a mural on the wall adjacent to the youlh centre, ghyll scrambling and horse riding. Ten young people havè compleled an Arts Award Discovery Certificate. December= Over the Christmas period we held a Christmas Party where the children enjoyed the entertainment, took part in the games and visiled Santa in his Grotto where they received a section box, over this period we engaged 58 young people all whom received a free meal. All of these evenlslactivilies were funded by Durham County Council's Fun & Food and East Durham AAP. Youth Engagement The Partnership provided youth sessions 3 nights a week - Monday and Tuesday are aclivitieslgames sessions and Wednesday is Mini Chets,. this popular project leaches young people basic cookery skills. Last year we engaged 132 children at the Youth Sessions173 girls and 59 boys). The children enjoyed trips lo Sunderland Illuminations, Blackhall's panlomime and a trip lo the Baltic. The Ballinger Foundation and County Durham Community Foundation provided the finance for these sessions. VITgln Money Foundation Over the year project funding from virgin we have come some way to address the green agenda, we have created a kitchen garden. installed a green house. water barrels, compose bins, raised beds and a potting shed. The two year core funding has help8d the Partnership become more sustainable by covering staff wages.
Shotton Partnership 2000 Ltd Trustees, Annual Report Ilncorporating the Diredor'5 Report) (contlnued) Year Ended 31 December 2024 East Durham Community Trust As a member of EDCT, Ihe Partnership has been able to work with the Trust on many different projects. This has been of financial benefit to the Partnership and we have proved to the Trust that we can deliver a wide range of quality services. Connect - The seNice is modelled on 'there is no wrong door,; if we cannot help or support them, we will refer them to an organisalion Ihat can. As one of the partner organisation of the Trust we can distribute. Food Parcels. Energy vouchers and white goods. No More nowt. As part of the Culture Hub the Partnership commissions an artist lo paint a mural in on the wall of the café. The young people worked with artists to do a mural on the wall surrounding the football field at the community park. Communlty Support The Partnership continued to support the community and once again this yearwe have focused on the cost of living support. The support included: Delivering 307 free meals to vulnerable people in the village Gave out ??????? Food Parcels Invited people into the hub for a fre8 meal since every Wednesday in November and every Thursday a breakfast sandwich. Provided a warm space for people of the community to come hav8 refreshments, socialise and ¢harge devices. Setting up a table wilh donated food and clothing for people to help themselves Several litter picks around the village The lending library is very well used. Opened Christmas Eve for people lo come and take food that had been donated by Aldis, K.P. Crisps, Coop, Lady of Lourdes church and local residents. These interventions have been funded by Locality and County Durham Community Foundation. Shotton Youth Centre This year marked a new chapter for the Partnership as we now run Iwo building. the new Youth Centre opened in June. providing youth sessions for children eleven and over. The Centre is open 5 days a week and the sessions are provided by Groundwork and the partnership's staff. The young people have enjoyed trips out, football coaching. DJ sessions, web designs. games and chill out session. The Partnership are growing our own youth worker and we currently have members of our staff are on a level 6 youth and community degree course and two are on a level 3 youth course. Once they have qualified they will run the youth session5. In the first year we have 256 young people used the building. with an average of 19 young people per session and a monthly average of 77. This service has been fully funded by The Department of Media, Culture and Sport Youth Investment Fund. The funding secured for Ihe new building supported the successful application to Towns and Villages for a extension to the car park. Partnership Offlce The Partnership Office was sold this year however before the sale was completed it was broken into which resulted in u5 having to make costly repairs. once all Ihe cosls have been deducted the remaining money will go into the building fvnd.
Shotton Partnership 2000 Ltd Trustees, Annual Report {Incorporating the Director's Report) (continued) Year Ended 31 December 2024 Partnership Office The Partnership Office remains unoccupied and we are looking for new tenants,. if none is forthcoming we will we be looking at other options. Community Festival The annual Festival is always very well recèived by the village with over 300 people attending throughout the day. Attractions included a fairground., children's enlertainer: disco. paty games.. INFLATABLES- art5 & craft and musical entertainment. The cost of Ihe event is covered by the Parish Council., local businesses. donations, raffles and tombola on the day. Spo¢lal Occasions The improvement to the Hub and gardens has made it a great place to celebrate or commemorate a special occasion, this year we have seen an increas6 in bookings including birthday, christenings. anniversary. conferences and funerals. Wirgin Dlgltal ProJe¢t To end the year on a posltive note we were awarded a lolal of £89863 from Virgin money the funding is to employ a l.T. Community Development Worker and overheads frjr a three year period. Summary This report is a snapshot of the accomplishments of Shotton Partnership over a 12 month period, highlighting how working in partnership wilh others and having a wide network of organisations which value our services gives the Partnership an extensive mechanism of support when needed. In 2024 the Partnership's generated income started to increase. however, we still needed graT)ts to support Ihe overall cost of wnning Ihe Hub. Shotton Partnership attracted jusl over £250,000 of granis this included the £89,863 from virgin money, £20,000 James Knott, £38,000 Fun & Food and generated income of £19.000. We also receive financial support from Ihe Parish Council for the general costs of the communily hub. Every year seems to be busier than the last and 2024 has been no different, but as a 'can do, organisation, Ihe Partnership will take everything in its stride and work together to continue the good work. Flnanclal Review The Trustees attempt to maintain "free" reseryes of between three and six months core running cosls. At 31st December 2024 this requirement is calculated to be beeen £57,500 {3 months expenditure) and £115.00016 months expenditure). As of the 31st December 2024 the reseNes tolalled £145,873.
Shotton Partnership 2000 Ltd Trustees. Annual Report (Incorporating the Director's Report) (conllnu8d) Year Ended 31 December 2024 Plans for 2025 Our priority for 2025 is to continue service delivery of our current services and take over the delivering of the youth services at the youth Cenlre. The addition of the new IT Cornmunity Development working should introduce new smarter ways to work. To ensure we are addressing the green agenda we will be working with East Durham Community Trust on the new EneTgise project which is looking at all aspects of reducing waste and saving energy. Hub & Youth Centre Outslde The partnership is committed lo making improvement to the building we run and this year our aim is lo work with the Parish council on renewing the MUGGA flood lights a in community park and improve the outside area of the hub. The Partnershlp will work towards increasing our network of organisations to ensure that we do not lose on any possible opportunity that could be of benefit to the village of Shotton. Finally, I would like to add that, over the past 26 years. Shotton Partnership has come a long way and has contributed a great deal to iTnproving Ihe quality of life for the residents of Shotton and I say a big 'thank you, to everyone involved in all of our projects for their hard work, particularty our Board of Truslees and volunteers for theiT time and commilment and without whom there would be no Shotton Partnership. structure Governan¢e and Mana Shotlon Parlnership 2000 Limited is a registered charity {¢harity number 1114785) and a limited company (company number 04129701). It was incorporated on 22 December 2000 and was registered as a charity on 22 June 2006. It is governed by its Memorandum and Articles of Association. Trust6es are recruited from the local community and are nominated and elected at the charity's AGM. All Trustees give their time voluntarily and receive no benefit from the charlty. No expenses were reclaimed from the charity during the year. ement Publ1¢ Benefit Our main activities and who we help are described elsewhere in this report. All our charitable activiti8S are undertaken to further our charitable purposes for the public benefit. The Trustees have had regard to the Charity CommissSon's guldance on public benefit throughout the year when deciding on the activities of the charity.
Shotton Partnership 2000 Ltd Trustees. Annual Report Ilncorporatlng the Dire¢tor's Report) (continued) Yoar Ended 31 December 2024 Referènce and Administrative Details Registered charity name Shotton Partnership 2000 Ltd Charity registralion nurnbgr 1114785 Company reglstratlon number 04129701 Principal office and registered Shotton Community Hub office Bridge Road Shotton Colliery County Durham DH6 2PQ The Trustees J J Briggs (Secretary) D Brooks A Hepworth (Chair) B A Nelson (Treasurer) D Rowell R Hardy A Thornton Company Secretary J J Briggs Independent Examiner Jane Ascroft FCA MA (Cantabl Enterprise House Harmire Enterprise Park Barnard Castle County Durham DL12 8XT Small Company Provlslons This report has been prepared in accordance with the provisions applicable lo companies enlilled to the small companies exemption. The trustees, annual report was approved on Iru5tees by= and signed on behalf of the board of J J Briggs Charity Sècretary
Shotton Partnership 2000 Ltd Independent Examiner's Report to the Trustees of Shotton Partnership 2000 Ltd Year Ended 31 December 2024 I report to the trustees on my examinalion of the financial statements of Shotton Partnership 2000 Ltd {'the charity,) for the year ended 31 December 2024. Responsibilitles and Basls of Report As the Irustees of the company (and also its directors for the purposes of company lawl you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 20061'the 2006 Act'l. Having satisfied myself that the accounts of the company are not required lo be audited under Part 16 of the 2006 Act and are eligible for independent examination. I report in respect of my examination of the charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act,). In oarrying out my examination I have followed the Directions giv8n by the Charity Commission under section 145{5llb) of the 2011 Act. Independent Examiner's Statement Since the charity's gross income exceeded £250.000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am a member of the Institute of Chartered Accountants in En9land and Wales IICAEW), 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 exarnination giving me cause to believe: accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act- or Ihe financial statements do not accord with those records., or the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair, view which Is not a matter considered as part of an independent examination. or the financial statements have not been prepared in accordance wilh the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing Iheir accounts in accordance with the Finan¢i81 Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Jane Ascroft FCA MA (Cantabl Independenl Examiner Enterprise House Harmire Enterprise Park Barnard Castle County Durham DL128
Shotton Partnership 2000 Ltd Statement of Flnancial Activities {includlng income and expenditure account) Year Ended 31 December 2024 2024 Restricted funds Total funds 2023 Unrestricted funds Total funds Note Income and endowments Donations and legacies Charitable activities Investment income 10,749 90.556 7,823 109,128 185,707 116,188 196,456 206,744 7,823 280,419 81,368 5,434 Total In¢ome 301,895 411,023 367,221 Expendlture Expenditure on charitable activities Other expenditure Total expenditure 55,228 10.329 298.926 354,154 10,329 364.483 174.091 65,557 298,926 174.091 Net income 43,571 2,969 46,540 193,130 Transfers beeen funds 46.168 {46.1681 Net movement In funds 89.739 (43,199) 46,540 193,130 Reconclllation of funds Total funds brought forward Total funds carried forward 356,428 219,748 576,176 622,716 383,046 576,176 446,167 176.549 The statement of financial activities incSudes all gains and losses recognised In the year. All income and expenditure derive from continuing aolivities. The notes on pages 11 to 21 form part of these financlal statements.
Shotton Partnership 2000 Ltd staternent of Financial Position 31 December 2024 2024 2023 Note Flxed Assets Tangible fixed assets 199,534 197,881 Current Assets Debtors Cash at bank and in hand 17 2,434 423,844 8,413 372,131 380.544 426,278 Creditors: amounts falling due within one year Net Current Assets Total Assets Less Current Liabilities Net Assets 18 3,096 2,249 378,295 576,176 423,182 622,716 622,716 576.176 Funds of the Charity Restricted funds Unrestricted funds 176,549 446,167 622.716 219,748 356,428 576.176 Total charity funds 19 For the year ending 31 December 2024 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relaling to small companies. Directors, responsibilities.. The members have not required the company to oblain an audit of its financial statements for the year in question in accordance with section 476. The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements. These financial statemenls have been prepared in accordance with the provisions applicable to companies subject to the small companies, regime. These financial stalements were approved by the board of trustees and authorised for issue on .aS:ob..aK4Tr5, and are signed on behalf of the board by.. B A Nelson (Treasurer) Trustee Th¢ notes on pages 11 to 21 form part of these flnan¢ial statements. 10-
Shotton Partnership 2000 Ltd Notes to the Flnancial Statements Year Ended 31 December 2024 General Information The charity is a public benefit entily and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is Shotton Community Hub, Bridge Road, Shotton Colliery. County Durham, DH6 2PQ. statemont of Compliance These financial slatements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland,. the Statement of Recommended Practi¢e applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) (Charities SORP (FRS 102)) and the Companies Act 2006. Accounting Pollci8S Basls of Preparatlon The financial ststements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabililies and investments measured at fair value through income or expenditure. The financial statements are prepared in sterling, which is the fundional currency of Ihe entity. The entity is a Public Benefit Entity. Going Concern There are no malerial uncertainties about the charity's abilty lo continue. Judgements and Kay Sources of Estlmatlon Uncertalnty The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other faclors, including expectations of future events that are believed to be reasonable under the circumstances. The trustees consider that Ihere are no significant estimates or judgements affecting these financial statem8nt5. Fund Accounting Unrestricted funds are available for use at the discretion of the trustees in furtherance of the purposes of the charity. Unrestricted funds include a revaluation reserve representing the restatement of investment assets at market values. Designated funds are unrestricted funds earmarked by the tnJstees for specific purposes. Restricted funds are subjected to restrictions on Iheir expen(Jiture Imposed by the donor. 11
Shotton Partnership 2000 Ltd Note5 to the Finan¢lal Statements (continued) Year Ended 31 December 2024 Accounting Policies f¢ontlnued) In¢ome All income is included in the statement of financial activities when the charity is entitled lo the income. any performance related conditions attached have been met or are fully within the control of the charity. the income is considered probable and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income. Donations and legacy income is received by way of donations, legacies, grants and gifts and is included in full in the Statement of Financial Activities when receivable. Where legacies have been notified to the charity but the criteria for income recognition have not been mel, the legacy is treated as a contingent asset and disclosed if material. Grants, where entitlement is nol conditional on the delivery of a sp8cific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant. Donated services and facilities are included at the value lo the charity, being the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on th8 open market. Investment income is included when receivable. Income from charitable trading activity is accounted for when earned. Income from grants, where related to performance and specifi¢ deliverables, are accounted for as the charily earns the right to consideration by its performance. Expenditure Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates: Costs of raising funds comprise the costs associated with attracting donations, grants and legacies and the costs of trading for fundraising purposes. Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for ils beneficiaries. 11 includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. Other expenditure includes all expenditure that is neither related to raising funds for Ihe charity nor part of ils expenditure on charitable activities. 1 ¢05ts are allocaled between the expenditure categories of the SOFA on a basis designBd to reflect the use of the resource. Costs relating to a particular activity are allocated directly, others are apportioned on an appropriate basis, as s8t out in the notes to the account5. Tangible Assets Fixed assets are slated at cost less accumulated depreciation. The costs of minor additions or those costing below £500 are not capitalised. 12
Shotton Partnership 2000 Ltd Notes to the Financial Statements (Gontlnu8d) Year Ended 31 December 2024 Accounting Policies fcontlnuerfj Depreclation Depreciation is Calculated 50 as to write off the cosl or valuation of an asset, less its residual value, over the useful economic lrfe of that asset as follows= Propety Improvements Over the remaining lease term Office Equipment 25 % reducing balance IT Equipment 20 10 reducing balance Outdoor Equipmenl 1 S /D reducing balance Freehold propety is not depreciated as the trustees consider that the property is maintained to such a degree that any depreciation will be immaterial. Impairnient of Fixed Assets A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is imPared accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impaimient testing, when it is not possible lo estimate the recoverable amount of an individual asset. an estimate is made of the recoverable amount of Ihe cash- generating unil to which the asset belongs. The cash-generating unit is the srnallest identifiable group of assets Ihal includes the asset and generates cash inflows that largely independent of the cash inflows from olher assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is. from the acquisition date, allocated to each of the cash-generating unils that are expected to benefit from the synergies of the combinalion, irrespective of whether other assets or liabilities of the charity are assigned to those units. Finan¢lal Instruments The charity only has financial assets and liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at Iransaclion value and subsequently measured at their setuement value. Debtors Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Accrued income and tax recoverable is included at the best estimate of the amounts receivable at the balance sheet date. Cash at Bank and in Hand Cash al bank and cash in hand includes cash and short term highly liquid investments with a short maturlty of three months or less from the date of acquisition or opening of the deposit or similar a¢¢ount. 13-
Shotton Partnership 2000 Ltd Notes to the Financtal Statements (cgntlnued) Year Ended 31 December 2024 Accounting Pollcies (contlnued) Credltors Creditors are recognised where the charity has a presenl obligation resulting from a past event that will probably result in the transfer of funds to a third paty and the amount due lo settle the obligalion can be measured or estimated reliably. Creditors are normally recognised at their settlement amount after allowing for any trade discounls due. Taxation The company is considered to pass the lests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the company is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charilable purposes. Llmited by Guarantee The company is limited by guarantee. At 31 st December 2024 there were 7 members each of whom had undertaken to contribute an amount not exceeding £1 in the event of a windin9 UP. Donations and Legacies Unrestricted Funds Restricted Total Funds Funds 2024 Donations Donations 10,000 3,984 13,984 Grants Durham County Council County Durham Community Foundation Building development grants Virgin Money Neighbourhood Grant Ballinger Foundation National Lottery Community Foundation - Awards For 5.450 7,720 5.250 43,245 39,423 18.500 5.450 7.720 5,250 43,245 39,423 18.500 8.212 22,000 26,590 2,000 3,333 185.707 8,212 22,000 26.590 2,000 4,082 196.456 Greggs Foundation SIB- YIF Barbaur other grants 749 10.749 14-
Shotton Partnership 2000 Ltd Notes to the Flnancial Statements fcontinuedj Year Ended 31 December 2024 Donations and Legacles (¢ontinued) Unrestricted Funds Restricted Total Funds Funds 2023 Donatlons Donations 1,161 2,122 3,283 Grants Shotlon Parish Council Durham County Council County Durham Community Foundation Coalfields Regeneration trust Virgin Money National Lottery Community Fund- Cost of Living Neighbourhood Grant The Rank Foundation Ballinger Foundation National Lottery Community 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 4.264 20,000 61,846 14.000 2.930 4.264 20,000 61,846 14,000 4.365 Greggs Foundation SIB- YIF Locality Other grants 1,435 2,596 277.823 280,419 Charitablo A¢tivities Unrestricted Funds Restricted Total Funds Funds 2024 Cafe sales Group Savings James Knott Durham County Council- Cree Room hire income IT Centre Other income from charitable activili8S 42,270 2.389 3.269 10,000 6,000 2.000 1,280 91,250 44,659 3,269 10,000 6,000 39.155 3,377 100.284 37.155 2,097 9,034 90.556 116,188 206,744 15.
Shotton Partnership 2000 Ltd Notes to the Flnancial Statements (Gonlinuedj Year Ended 31 December 2024 Charitable Activities {conllnu8d) Unrestricted Funds Reslricled Total Funds Funds 2023 Cafe sales Group Savings Durham County Council - Cree Room hire income IT Centre Other income from charitable activities 22,139 15.781 4,202 6,000 37.920 4,202 6.000 18,591 8.872 5,783 81,368 18,591 5,312 (69) 45,973 3.560 5,852 35.395 Investment Income Unreslricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Bank interest receivable 7,823 7,823 5,434 5,434 Expenditure on Charitable Activities by Fund Type Unrestricted Funds Restricted Total Funds Funds 2024 Costs of charitable activities 55,228 298,926 354,154 Unrestricted Funds Restricted Total Funds Funds 2023 Costs of charitable activities 59,352 114,739 174,091 Expendlture on Charltable Activities by Activity Type Activities undertaken Total funds directly 2024 Total fund 2023 Costs of charitable activities 354.154 354,154 174,091 10. Other Expenditure Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Loss on disposal of tangible fixed assets held for charity'5 own use 10,329 10.329 16-
Shotton Partnership 2000 Ltd Notes to the Financial Statements (continuedj Year Ended 31 December 2024 11. Net Income Net income is slated after chargingl(crediting): 2024 2023 Depreciation of tangible fixed assets Loss on disposal of tangible fixed assets 10,295 10,329 11,607 12. Independent Examination Fees 2024 2023 Fees payable to the independent examiner for- Independent examination of the financial statements 800 996 13. Staff Costs and Emoluments The total staff costs and employee benefits for the reporting period are analysed as follows: 2024 2023 Wages and salaries 147,731 91,904 The average head count of employees during the year was 8 {2023'. 81. The average number of full-tiTne equivalent employees during the year is analysed as follows.. 2024 2023 No. No. Number of project staff No employee received employee benefits of more than £60.000 during the y&ar (2023: Nill- 14. Trustee Remuneratlon and Expenses The charlty employed three trustee5 during the year as follows-. Judi Brig9S Wlth a gross salary of £10.185 {2023 - £8.764). Denise Brooks with a gross salary of £28.619 {2023 - £24.437). Rona Hardy with a gross salary of £25,755 {2023- £14,961). No trustee expenses have been incurred during the year12023 Nil). 15. Transfers Between Funds During the year £46.168 was transferred from restricted lo unrestricted funds. £41,948 was capital spend which has been transferred to Capital Funds. The remaining £4.220 is contributions to overheads by projects. 17-
Shotton Partnership 2000 Ltd Notes to the Flnancial Statements (continued) Year Ended 31 December 2024 16. Tangiblg Fixed Assets Freehold Properly property Improvements Offlce Equipment IT Equipment Outdoor Equipment Total Cost At 1 Jan 2024 Additions Disposals At 31 Dec 2024 30.000 117.674 41,948 41,940 40.250 59,022 288,886 41,948 (30,000) 300,834 {30,0001 159,622 41.940 40,250 59,022 Depreciation At 1 Jan 2024 Charge for the year 1,239 34,169 39,308 16,289 91,005 1,754 1,943 36,112 188 6,410 22,699 10,295 At 31 Dec 2024 2.993 39,496 101,300 Carrying amount At 31 Dec 2024 156,629 116,435 5.828 754 36,323 42,733 199,534 197.881 At 31 Dec 2023 30,000 7.771 942 17. Debtors 2024 2023 Trade deblors Prepayments and accrued income 2,434 7.858 555 2,434 8.413 18. Creditors: amounls falling due within one year 2024 2023 Trade creditors Accrua15 and deferred income Social security and other taxes Other Creditors 1,301 700 80 1,015 3,096 147 660 1,442 2,249 18.
Shotton Partnership 2000 Ltd Note5 to the Financial Staternents (continu8d) Year Ended 31 December 2024 19. Analysis of Charltable Funds Unrestricted funds At 31 December 2024 At 1 January 2024 Income Expenditure Transfers General Funds Capital fund Building Development Fund Cafe IT Centre Project & Finance Youlh Centre 89.062 197,881 45.466 122.875) 110,2951 34,220 11,948 145.873 199.534 47,000 30,368 (7,883) 47,000 39,122 {4,018) 4,774 13,882 33,477 5,325 4.111 20.749 {24,7231 (1,4601 663 16.867) (65,5571 356,428 109,128 46,168 446,167 At 31 December 2023 At 1 January 2023 Income Expenditure Transfers General Funds Capital fund Building Development Fund Cafe IT Centre 56,865 97,530 28,875 118,9921 (11,607) 22,314 111,958 89.062 197,881 47.000 21.299 (6,7961 215.898 47,000 30.368 (7,883) 356,428 19,819 5,309 (21,999) {6,754) (59.3521 11,249 358 54.003 145,879 Restrlcted funds At 31 Decomber 2024 Al 1 January 2024 Income Expenditure Transfers Building Development fund County Durham Comrnunity Foundation IESF3) Neighbourhood Grant National Lottery Community Funij Group Savings Fund UK Online Virgin Money Youth Coalfields Regeneration Trust County Durham Community Foundation DCC Cree 82.800 12,134 (10.5631 {41,948) 42,423 2,020 3.246 12,020) 39.927 (38.0981 5,075 12,402 20,286 7,036 14.513 2,250 8.212 3,569 1,280 43.245 (13,211) (12.7691 {1.7761 (22.044) 7,403 11,086 6,540 35.714 2,250 4,101 13,4451 656 9,961 3.506 9,961 4,094 6.000 15,4121 19
Shotton Partnership 2000 Ltd Notes to the Financlal Statements (continued) Year Ended 31 December 2024 19. Analysis of Charitable Funds fcontlnuedj CO-OP Services for others Youth AAP SIB- YIF Locality Greggs Foundation Ballinger Foundation Counly DuTham Community Foundation- Sustainability Barbour CT Believe Housing DCC Projects James Knott Trust 4.071 1.160 2,200 {2321 15581 3,839 602 (2,200) 118.525 {127,956) {5,1441 {24.177) 120,9801 (9,431) 9,069 16.969 13,892 14,213 19,146 16,372 22,000 18,500 465 7,720 2,000 3,333 5.450 10,000 301.895 110,428) {2,000) 11331 {2,243) 3,200 5,450 10.000 219.748 (298,926} (46,168) 176,549 At 31 December 2023 At 1 January 2023 Income Expenditure Transfers Building Development fund County Durham Community Foundation {ESF31 Neighbourhood Grant National Lottery Community Fund East Durham Community Trust Group Savings Fund UK Online Virgin Money Youth Coalfields Regeneration Trust County Durham Community Foundation DCC Cree Co-op Services for others The Rank Foundalion Youth AAP 73,850 69,411 (4,6331 (55.8281 82.800 5.385 3,905 12.325) (14,9461 (1.0401 (9,162) 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 {2.900} 12.925) {2.9301 {23,726) (3,697) 20,286 7,036 14.513 2,250 1,741 4.993 12,033} (6001 4,101 20,373 2,799 4,008 1,160 1,000 6,000 2.290 {5,6841 (5,293) 1811) (5,728) 9.961 3.506 4,071 1,160 (1,416) 11,776 {8.792) (2,984) 2,200 2,200 -20-
Shotton Partnership 2000 Ltd Notes to the Flnancial Statements (continued) Year Ended 31 December 2024 19. Analysis of Charltable Funds (conflnued) SIB-YIF Locality Greggs Foundalion Ballinger Foundation National Lottery Community Fund - Awards For Al County Durham Comrnunity Foundation - Sustainability 67,479 18,000 20.000 27,940 15,655) (3,7871 {854} (9.068) (61,8241 14,213 19,146 16,372 (2.500) 4.264 {3,164) (1,100) 9,960 (9,495) (114.739) (145.8791 465 167,148 313,218 219,748 20. Analysis of Not Assets Between Funds Unrestricted Funds Restricled Total Funds Funds 2024 Tangible fixed assets Current Assets Creditors less than l year Net assets 199,534 249,729 {3.0961 446.167 199,534 426.278 (3.096) 622,716 176.549 176.549 Unrestricted Funds Restricted Total Funds Funds 2023 Tangible fixed assets Current Assets Creditors less than l year Net assels 197.881 160,796 {2.249) 356,428 197,881 380,544 (2.249) 576.176 219,748 219.748 -21
Shotton Partnership 2000 Ltd Management Information Year Ended 31 December 2024 The Following Pages Do Not Form Part of the Financial Statements. -22-
Shotton Partnership 2000 Ltd Detailed Statement of Financial A¢tlvities Year Ended 31 December 2024 2024 2023 Income and endowments Donations and legacies Donations Shotton Parish Council Durham County Council County Durham Community Foundation Coalfields Regeneration trust Building development grants Virgin Money National Lottery Community Fund - Cost of Living Neighbourhood Grant The Rank Foundation Ballinger Foundation National Lottery Communily Foundation - Awards For All Greggs Foundation SIB- YIF Locality Barbour Other grants 13,984 3,283 29,289 25,000 14,960 4,993 5,450 7,720 5,250 43,245 17,134 18,120 23,449 11,776 27.940 4,264 20,000 61,846 14.000 39,423 18,500 8,212 22.000 26,590 2,000 4,082 4,365 280,419 196,456 Charitable activities Cafe sales Group Savings James Knott Durham County Council- Cree Room hire income IT Centre Other income from charllable activities 44,659 3,269 10,000 6,000 39.155 3,377 100,284 206,744 37.920 4,202 6.000 18.591 8,872 5,783 81,368 Investment incomo Bank interest receivable 7,823 5,434 Total Income 411.023 367.221 -23-
Shotton Partnership 2000 Ltd Detalled Statement of Financial Activities (Gonlinuedj Year Ended 31 De¢ember 2024 2024 2023 Expenditure Expenditure on charitable actlvlties Wages Rent and room hire Rates & water Llght & heat Repairs. maintenance and other premlses costs Insurance Equipment purchases Travel, training and volunteer cosls 147,731 12,587 2,708 9,491 17,146 2,277 7.458 3,725 91,904 1,997 8,876 11.981 1,225 2,847 955 F li Accountancy and professional fees Telephone & internel other office costs Depreciation Beneficiary training Other costs Project costs Food purchases 3,455 4,667 7.186 10,295 472 5,064 97.517 22.375 1.238 1,268 930 11,607 2,711 3,535 22,463 10,554 354.154 174,091 Other expenditure Loss on disposal of tangible fixed assets held for charity's own use 10,329 Total expenditure 364,483 174.091 Net income 46,540 193.130 -24-