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|||||Page|
|---|---|---|---|---|
|Trustees'
annual
report (incorporating
the||director's|report)||
|Independent
examiner's
report|to the trustees||||
|Statement offinancial
activities|(including|income and|||
|expenditure
account)|||||
|Statement offinancial
position|||||
|Notes to the financial statements|||||
|The following
pages do not form part ofthe financial statements|||||
|Detailed statement
offinancial|activities|||19|
|Notes to the detailed statement|offinancial|activities||21|
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|Registered||charity|name|name|Greater Morpeth|Development|Trust Limited|
|---|---|---|---|---|---|---|---|
|Charity registration|||number||1117036|||
|Company|registration|||number|05676236|||
|Principal office and|||registered||Carlisle Park Lodge|||
|office|||||Castle Square|||
||||||Morpeth|||
||||||Noithumberland|||
||||||NE61 1YD|||
|The trustees||||||||
||||||KM Bibby-Wilson|Retired||
||||||Educational
Professional|||
||||||J H Edmundson|Retired Planning||
||||||Professional|||
||||||FRescigno Retired Chemical|||
||||||Professional|||
||||||8 Martin Retired||(Resigned 16September 2021)|
||||||RJC Burrow Retired|||
||||||IVI D Willis|||
||||||||(Served from 16September 2021|
||||||K M Johnson||to9May 2022)|
||||||H R Brown||(Appointed 9 May 2022)|
||||||K E Bower|||
|Company|secretary||||MD Willis|||
|Independent||examiner|||Michael W Reed|||
||||||Russell House|||
||||||Greenwell
Road|||
||||||Alnwick|||
||||||Northumberland|||
||||||NE66 1HB|||
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|||||||2022||2021|
|---|---|---|---|---|---|---|---|---|
||||||Unrestricted|Restricted|||
|||||Note|funds
6|funds
E|Total funds
6|Totalfundsf|
|Income and endowments|||||||||
|Donations
and legacies||||5|2,057|17,069|19,126|47,954|
|Other trading
activities||||6|7,873|11,000|18,873|20,116|
|Other income||||7|3,494||3,494||
|Total income|||||13,424|28,069|41,493|68,070|
|Expenditure|||||||||
|Expenditure
on raising funds:|||||||||
|Costs ofraising donations||and|||||||
|legacies||||8|1,898||1,898|2,853|
|Expenditure
on charitable|activities|||9,10|11,772|193,962|205,734|217,034|
|Total expenditure|||||13,670|193,962|207,632|219,887|
|Net expenditure
and net|movement||in||||||
|funds|||||(246)|(165,893)|(166,139)|(151,817)|
|Reconciliation
offunds|||||||||
|Total funds brought
forward|||||5,795|2,117,072|2,122,867|2,274,684|
|Total funds carried forward|||||5,549|1,951,179|1,956,728|2,122,867|
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||||Note|2022
f|2021
f|
|---|---|---|---|---|---|
|Fixed assets||||||
|Tangible fixed assets|||16|1,823.767|1,853,632|
|Current assets||||||
|Debtors|||17|14,061|779|
|Cash at bank and in|hand|||160,094|269,631|
|||||174,155|270,410|
|Creditors: amounts|falling|due within one year|18|41,194|1,175|
|Net current assets||||132,961|269,235|
|Total assets less current||liabiiities||1,956,728|2,122,867|
|Net assets||||1,956,728|2,122,867|
|Funds ofthe charity||||||
|Restricted
funds||||1,951,179|2,117,072|
|Unrestricted
funds||||5,549|5,795|
|Total charityfunds|||21|1,956,728|2,122,867|
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|value, over the|useful economi|c life ofthat asset|as follows|
|---|---|---|---|
|Long leasehold|Railway|4%straight|line|
|Development||||
|Short leasehold|property|4%straight|line|
|Fixtures and fittings||15%reducing
balance||
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|Donations
and legacies||||
|---|---|---|---|
||Unrestricted|Restricted|Total Funds|
||Funds|Funds|2022|
||6|6|6|
|Donations||||
|Railway Station Project||17,069|17,069|
|Cresswell Pele Tower||||
|Cinema project|2,057||2,057|
||2,057|17,069|19,126|
||Unrestricted|Restricted|Total Funds|
||Funds|Funds|2021|
||6|||
|Donations||||
|Railway Station Project||42,616|42,616|
|Cresswell Pele Tower|5,338||5,338|
|Cinema project||||
||5,338|42,616|47,954|
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||||||Unrestricted|Restricted|Total Funds|
|---|---|---|---|---|---|---|---|
||||||Funds|Funds|2022|
||||||F||6|
||Walking|Maps|||2,016||2,016|
||Arts &Culture||||846||846|
||Morpeth|Town Council||||||
||Other income||||5,011|11,000|16,011|
||Boys Brigade|||||||
||||||7,873|11,000|18,873|
||||||Unrestricted|Restricted|Total Funds|
||||||Funds|Funds|2021|
||||||5|6||
||Walking|Maps||||2,425|2,425|
||Arts 8 Culture||||640||640|
||Morpeth|Town Council|||4,400||4,400|
||Other income||||10,046|5|10,051|
||Boys Brigade|||||2,600|2,600|
||||||15,086|5,030|20,116|
|7.|Other income|||||||
|||||Unrestricted|Total Funds|Unrestricted|Total Funds|
|||||Funds|2022|Funds|2021|
||||||6|6||
||Rental inome|||3,494|3,494|||
|8.|Costs ofraising donations|||and legacies||||
||||||Unrestricted|Restricted|Total Funds|
||||||Funds|Funds|2022|
||||||6||6|
||Costs of|raising donations|and legacies||1,898||1,898|
||||||Unrestricted|Restricted|Total Funds|
||||||Funds|Funds|2021|
||||||6||8|
||Costs of|raising donations|and legacies||520|2,333|2,853|
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|Yea|r ended 31||March 202|March 202|March 202|2|2|||
|---|---|---|---|---|---|---|---|---|---|
|9.|Expenditure||on charitable|||activities by fund type||||
||||||||Unrestricted|Restricted|Total Funds|
||||||||Funds|Funds
f|2022
f|
||Supportcosts||||||11,772|193,962|205,734|
||||||||Unrestricted|Restricted|Total Funds|
||||||||Funds|Funds
f|2021
F|
||Support costs||||||32,824|184,210|217,034|
|10.|Expenditure||on charitable|||activities by activity type||||
|||||||||Total funds|Total fund|
||||||||Support costs
F|2022
f|2021
f|
||Activity||||||204,560|204,560|215,860|
||Governance|costs|||||1,174|1,174|1,174|
||||||||205,734|205,734|217,034|
|11.|Analysis of|support costs||||||||
||||||||Analysis of|||
||||||||support costs|Total 2022
f|Total 2021
f|
||Governance|costs|||||1,174|1,174|1,175|
||Support costs||- Other costs||||204,560|204,560|215,859|
||||||||205,734|205,734|217,034|
|12.|Net expenditure|||||||||
||Net expenditure|||is stated|after charging/(crediting):|||||
|||||||||2022
f|2021
f|
||Depreciation|oftangible|||fixed assets|||81,227|79,816|
|13.|Independent||examination|||fees||||
|||||||||2022
f|2021
f|
||Fees payable||to|the independent|||examiner for:|||
||Independent|examination|||of|the|financial statements|1,174|1,175|
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|Staff costs|Staff costs|||||||
|---|---|---|---|---|---|---|---|
|The total staff costs||and employee||benefits for||the reporting
period are analysed as follows:||
|||||||2022|2021|
|||||||5||
|Wages|and salaries|||||21,768|56,537|
|Employer contributions
to pension||||plans||206|20,176|
|||||||21,974|76,713|
|The average
head||count of employees|||during|the year was 2 (2021:3).The average|number
of|
|full-time|equivalent|employees|during the year|||is analysed as follows:||
|||||||2022|2021|
|||||||No.|No.|
|Number|ofstaff - full time||||||1|
|Number|ofstaff - part time|||||2|2|
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||||||Long||||
|---|---|---|---|---|---|---|---|---|
||||||leasehold||||
||||||property-|Short|||
||||||Railway|leasehold|Fixtures and||
||||||station
f|property|fittings|Total
f|
||Cost||||||||
||At 1 April 2021||||1,985,899|7,905|11,342|2,005,146|
||Additions||||47,550||3,812|51,362|
||At 31March|2022|||2,033,449|7,905|15,154|2,056,508|
||Depreciation||||||||
||At 1 April 2021||||136,095|7,905|7,514|151,514|
||Charge for the year||||80,229||998|81,227|
||At 31March|2022|||216,324|7,905|8,512|232,741|
||Carrying
amount||||||||
||At 31March|2022|||1,817,125||6,642|1,823,767|
||At 31 March 2021||||1,849,804||3,828|1,853,632|
|17.|Debtors||||||||
||||||||2022
6|2021
f|
||Trade debtors||||||889||
||Prepayments|and|accrued income||||403|363|
||Other debtors||||||12,769|416|
||||||||14,061|779|
|18.|Creditors: amounts|||falling due within|one year||||
||||||||2022|2021|
||||||||6||
||Trade creditors||||||21,213||
||Accruals and|deferred||income|||19,981|1,175|
||||||||41,194|1,175|
|19.|Deferred income||||||||
||||||||2022|2021
f|
||Amount
deferred||in year||||18,806||
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|Unrestricte|d
funds||||||
|---|---|---|---|---|---|---|
|||At||||At|
|||1 April 2021
f|Income|Expenditure|31 March 2022
f||
|General funds||5,795|13,424|(13,670)||5,549|
|||At||||At|
|||1 April 2020|Income|Expenditure||31 March 2021|
|||8||8|||
|General funds||18,715|20,424|(33,344)||5,795|
|Restricted|funds||||||
|||At||||At|
|||1 April 2021|Income|Expenditure|31 March 2022||
||||8|||6|
|Restricted|Fund|2,117,072|28,069|(193,962)||1,951,179|
|||At||||At|
|||1 April 2020|Income|Expenditure||31 March 2021|
|||||8||8|
|Restricted|Fund|2,255,969|47,646|(186,543)||2,117,072|
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|Analysis ofnet as|sets between funds||||
|---|---|---|---|---|
|||Unrestricted|Restricted|Total Funds|
|||Funds|Funds|2022|
|||6||8|
|Tangible fixed assets||2,351|1,821,416|1,823,767|
|Current assets||8,060|166,095|174,155|
|Creditors less than|1 year|(4,862)|(36,332)|(41,194)|
|Net assets||5,549|1,951,179|1,956,728|
|||Unrestricted|Restricted|Total Funds|
|||Funds|Funds
f|2021
F|
|Tangible fixed assets||261|1,853,371|1,853,632|
|Current assets||6,708|263,702|270,410|
|Creditors less than|1 year|(1,175)||(1,175)|
|Net assets||5,794|2,117,073|2,122,867|
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||2022|2021|
|---|---|---|
||6||
|Income and endowments|||
|Donations
and legacies|||
|Railway Station Project|17,069|42,616|
|Cresswell Pele Tower (2021)||5,338|
|Cinema project|2,057||
||19,126|47,954|
|Other trading activities|||
|Walking
Maps|2,016|2,425|
|Arts &Culture|846|640|
|Morpeth
Town Council (2021)||4,400|
|Other income|16,011|10,051|
|Boys Brigade (2021)||2,600|
||18,873|20,116|
|Other income|||
|Rentai inome|3,494||
|Total income|41,493|68,070|
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|Year ende|d 31|March||2022||||
|---|---|---|---|---|---|---|---|
|||||||2022f|2021
6|
|Expenditure||||||||
|Costs of raising donations||||and legacies||||
|Arts and culture||||||1,030|520|
|Cinema project||||||868||
|Walking
maps (2021)|||||||2,333|
|||||||1,898|2,853|
|Expenditure|on charitable|||activities||||
|Wages and|salaries|||||21,768|56,537|
|Pension||||||206|20,176|
|Establishment
costs and room hire||||||9,257|10,216|
|Accountancy||||||1,200|1,825|
|Bank charges||||||170|124|
|Outsourced|labour|||||9,038|10,387|
|Professional|fees|||||1,388|13,712|
|Other costs||||||835|3,807|
|Marketing||||||2,971|10,113|
|Other motor|and travel costs|||||202||
|Mangement,|maintenance||and governance||costs|44,208|1,174|
|Telephone||||||989|1,288|
|Postage, stationery||and Photocopier||||1,806|2,372|
|Depreciation||||||81,227|79,816|
|Membership|and subscriptions|||||462|250|
|Repairs and|maintenance|||||28,010|3,461|
|Itcosts||||||1,847|1,656|
|Annual
general
meeting||||||150|120|
|||||||205,734|217,034|
|Total expenditure||||||207,632|219,887|
|Net expenditure||||||(166,139)|(151,817)|
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|Year ende|d 31 March|2022|||
|---|---|---|---|---|
||||2022f|2021f|
|Costs of raising donations||and legacies|||
|Costs of raising donations||and legacies|||
|Arts &Culture|||1,030|520|
|Cinema project|||868||
|Walking
Maps (2021)||||2,333|
||||1,898|2,853|
|Costs of raising donations||and legacies|1,898|2,853|
|Expenditure|on charitable|activities|||
|Activity|||||
|Support costs|||||
|Wages and|salaries||21,768|56,537|
|Pension|||206|20,176|
|Establishment
Costs and Room Hire|||9,257|10,216|
|Accountancy|||1,200|1,825|
|Bank charges|||170|124|
|Outsourced|labour||9,038|10,387|
|Professional|fees||1,388|13,712|
|Other costs|||835|3,807|
|Marketing|||2,971|10,113|
|Other motor|and travel costs||202||
|Management|and maintenance||43,034||
|Telephone|||989|1,288|
|Postage, Stationery and Photocopier|||1,806|2,372|
|Depreciation
Membership|and subscriptlons||81,227
462|79,816
250|
|Repairs and|maintenance||28,010|3,461|
|ITcosts|||1,847|1,656|
|Annual
general meeting|||150|120|
||||204,560|215,860|
|Governance|costs||||
|Governance|costs - accountancy fees||1,174|1,174|
|Expenditure|on charitable|activities|205,734|217,034|