Charlty reglstratlon number 1117642 Company registration number 05934124 (England and Wales) EAST DURHAM COMMUNITY DEVELOPMENT TRUST LIMITED ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
EAST DURHAM COMMUNITY DEVELOPMENT TRUST LIMITED LEGAL AND ADMINISTRATIVE INFORMATION Trustses Miss R Hardy Ms E M Connor Ms S Ratnatunga Dr K S Sidhu Miss J M Bray Mr G Matthews Mr D P Groark Mrs J Angu8 Charlty number 1117642 Company numbor 05934124 Reglstered offlce Communlty House Yoden Road Pet8r188 Co Durham SR8 5DP Audltor Mr John Yarrow FCA Allen Sykes Limited 5 Henson Clo88 South Church Entarprfs8 Park Bishop Auckland Co Durham DL14 6WA
EAST DURHAM COMMUNITY DEVELOPMENT TRUST LIMITED CONTENTS Page Chairfs Statement Trustees, report 2-12 Ind8p8nd8nt audltor's report 13-16 Statement of financial activities 17 Statement of financial position 18 Statement of cash flov 19 Notes to the financial statements 20-39
EAST DURHAM COMMUNITY DEVELOPMENT TRUST LIMITED CHAIR'S STATEMENT FOR THE YEAR ENDED 31 MARCH 2024 In my second year as Chair at East Durham Trust. I have witnessed the organisation go from strength to strength and being part of it all has been a privilege. INe have once again continued to thrive as an organisation, maintain and build new relatlonships with communities. working tirelessly to provid8 our communities with the vital support and serviGe5 needed, 88p8cially through what are very challenging economlc tlmes. l am extr8m8ly grateful to all our partnerslfunders and volunteers, who continu8 to support us in many ways, also the Board of Directors for their support this year. Working together as an ecosystem contently evolving to our communlty's needs. However, most of all I would Ilke to commend our CEO Graham for his vislon, commitment and dedicalon, the fantasts'c team who work tirelessly to deliver a fantastlc range of vital 5UPPOrt and 8ervlc88, dedicated to improvlng the lives of people in our communitie8. This year's report highlights the activities, projects, services, and opportunities that have been dellvered this year by East Durham Trust. Vle hope you enjoy h8aring about some of (xjr incredlble work. Mrs ngu Date:12,J.1..2Lt
EAST DURHAM COMMUNITY DEVELOPMENT TRUST LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2024 The trustees, vtho are also the directors for the purposes of company law, present their annual report and financial ststements for the year ended 31 March 2024. The financial 8tatements have been prepared in accordance with the accounting policies set out in note 1 to the financial stat8m8nts and comply with the Companies Act 2006 and Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicabl8 in the UK and Republic of Ireland (FRS 102) (effective l January 2019). ObJ•ctlvo3 and actlvltles In setting the obj8CtiV88 and planning the activities of the Trust, the trustees have given careful consideration to the Charity Commlssion's general guidance on public benefit. The objectives of the Trust are the promoti)n for the public benefit of urban or rural reg8n8ration In areas of 80cial and economic deprivation in East Durham and Suound1ng area by means of any or all of the followlng= a) the rellef of unemployment and poverty; b) training or retraining particularly arnong unemployed people., c) the advancement of education., d) the advancement, protection and promotion of health; e) the provision of recreational facilitles for the publlc at large, or those who by reason of their youth, age or disablement, poverty or soclal and economic circumstances have the need for such facilitie8; fj to provlde admlnlstratlve support and offlce SeDAcas by 8stabllshlng a communlty volunteer resource centre., g) the provision of advice, including funding and constitutional advice, financial 8UPPOrt and the relief of financial hardship by the provision of assi8tsnce and advice to persons who, through lack of means, would othepNi8e be unable to obtain such advice., andlor h) by such olher means as may from time to time be detemiined subject to the prior written consent of the Charfty Commissioners for England and INales. In order to achieve these obl8CtiV8S th8 Trust wlll hav8 powers as li8t8d in th8 Memorandum ofAssoci8tion.
EAST DURHAM COMMUNITY DEVELOPMENT TRUST LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 In practical temis the main objectives of the year were to: Contlnue to provlde Core Infrastructure services to Voluntary and Community Sector groups. Provide Funding Advice, Volunteer Centre, Management. Training and Offices Servlc88. Undertake research and facilitation of Networking and Representation within the Statutory Sector. Manage and expand existing projects as well as developing new Projects. Engage Communlty groups In servlce and prqect delivery. Provide accommodation for organisations that will improve services to local r88ident8. Continue to build on the number of members engaging new and emerging community groups in the work of the trust. Admlnlster grants and loan8 Includlng the necessary actions to incr8a88 th8 Uptake of the Communrty Loan Fund. Explore new initiatives and opportunities that will benefit the residents of East Durham. In general terms the Trust will continue to operate as the flagship organisation for supporting the Voluntary and Community Sector in East Durham.
EAST DURHAM COMMUNITY DEVELOPMENT TRUST LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Achl•v•ments and pgrformance This year. East Durham Trust has made significant strides across our k8y ar8as of support, collabcTrtion, and innovats'on. Through our programs, partnershlps, and Initlatives, we have dlrectly resourced communty groups across East Durham via co-delivery. commissions, and cash grants. reinforcing our commitment to community-led empowerment. Over the past year, East Dutham Trust has continued to play a vital role in supporting the resilience, wellbeing, and gr of our communities, particularly in the face of the enduring challenges brought on by the Covid pandemic and the ongoing cost-of-living crisis. Through a network of connected s8rvic88 and program8, we have been able to provide essential support to thousands of local resldents, offering food, financlal guldance, emots'onal wellbeing support. and access to critical resources. Our Food Emergency East Durham (FEED) program has been ptvotal, meeting immediate needs with food parcels and alternative assistance like cash and shopping vouchers, whlle our East Durham Connected initiats.ve has transformed infomiation, advica, and guidance (IAG) seNices across the region, directly supporting over 8,500 people with essential interventions and linking them to further opportunities for empowennent and self-sufficiency. Our approach is rooted In collaboration, working han&in-hand with partners Ilke Citlzen5 Advice. Age UK, Durham Christian Partnership, and Durham County Council to build a responsive, community-centered support netsvork. Programs Ilke No More Nowt and E88t Durham Communlty R8slllence have been Invaluable, bringing cultwal, financlal, and emotlonal wellbelng resources to local people In a way that is accesslble, relevant, and impactful. These partnerships have allowed us to make the most of every opportunity, from pioneering dlgltal resldency projects and arts programs to launching e88ential new fijnding streams for financial wellbeing and hJseho1d support. Together, our combined efforts have generated substantial economic impact for residents and provided a Ilfeline for those navigating difficult financial and personal circumstsnces. The feedback we receive from those we work with 18 dear. East Durham Trust's presence 18 invaluable, wlth many describlng our support as life-changing, even liffr8aving. We are dellghted to share an oveNlew of much of the activities for the year. Volunt6•rlng In East Durham The Know Your Neighbourhood initiative has enabled East Durham Trust to transform volunteering in the area through Substantial funding of over £100,000 8ecured through the County Durham Community Foundation (CDCF). A8 part of this project. we introduced a Volunt8er and Community Development Officer who wlll lead regular Communlty of Practica meetlngs and coordlnate we&kly dropins to foster positive volunteering experiences. V¥fjth communlty development Integrated into this role, we are refonnatting our approach to better reflect the depth of support provided.
EAST DURHAM COMMUNITY DEVELOPMENT TRUST LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 FEED: Food Em8ryency East Durham The Food Em8rg8ncy East Durham (FEED) program. widely known a8 the Ea3t Durham Foodbank, continues to combat food insecurity through emergency food parcel distribution and by providing cash or shopping vouchers for greater choice. To date, FEED has received 5,422 referrals, with 1,224 new referrals since the last report. The use of an online referral system has enhanced reporting. offering real-tlme data on servlce n88ds. Additionally, 14 community centres across East Durham now facilitate direct parcel distribution and referrals for cash or vouchers, ensuring widespread and immediate access to support. Our food crisis service continues to provide essential support to residents experiencing food insecurity. Alongside emergency food parcels, FEED offers altemative assistance through cash or supermarket vouchers, granting beneficiaries the flexibility to select the food rtems they need most. Since introduclng these alternatlva support optlons In January 2024, the service has recelved 4,198 referrals, assistlng a totsl of 5,572 adults and 3,276 children across East Durham. Of these referrals, 620A orlglnat8d from over 100 referral partner8, while 38 % were direct referrals from Durham County Council (DCC) Welfare Assistsnce, with around 60% representing individuals seeking help for the first time. An onlin• referral system through Microsoft Forms enables a streamlined, data-driven process, providing real-time insights into referral trends. FEED categorizes referrals based on need., 399h are for food par¢el$, 450kn for supermarket vouchers, and 160k for cash vouchers. This reporting perfod has shown an Increase in demand for food parcels and a slight decline in cash voucher referral8. Beneficiaries may receive up to three vouchers within slx-month period, covering any combination of cash and supermarket vouchers, while food parcel dl8tribution Is closely monltored to ensure ongolng, appropriate support for each hou6ehold. The data underscores the demographics of those seeking support: single-adult households make up 70% of referrals, with only 1% comprising households with four or more adulls. Additionally, 60A of referrals are for households where at least one person is employed, highlighting that financial insecurity extends to the working population. However, unemployment remains the predominant status among referred households. The primary drlver of emergency food needs remalns an In8blllty to °m8ke ends meet,. with debt clted In 20% of cases. Complex, multl-faceted crlses affect nearly 30Vè of referred household8, underscoring the systemic factor8 contrlbutlng to food In$e¢urlty. FEED h88 al80 Strategically positioned food boxes across 13 community centres throughout East Durham. These centres can immediately issue food parcels through the online referral system, ensuring quick, IoGalized response options. Cash or supemerket vouchers, however, are dispensed through Ihe central East Durham Trust system. providing an additional layer of oversight and support. Over the Chrlstrnas s88son, tho proj8Ct recelved slgnfficant financial and physical food donations, ensuring critical support through the challenging wlnter months. Three new volunteers recently joined the FEED team, strengthening capacity for food dlstribution and slock management. Through these efft)rts, FEED remains dedicated to alleviating food insecurlty and supporting East Durham's most vulnerable residents.
EAST DURHAM COMMUNITY DEVELOPMENT TRUST LIMITED TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Poverty Actlon Steering Group- Cost of Living Support In early 2022, Durham County Council (DCC) acknowledged the escalating impact of inflation, increased energy costs. and the wlder cost-of-living crisis affecting households across County Durham. In response, DCC invited East Durham Trust, Citizens Advice County Durham, Durham Christian Partnership. and AgeUK County Durham to collaborate on initiatives to support residents facing financial hardship. This alliance was established to dellver crisls and recovery support through a coordinated r8sponse, mobilizing the county's main Information, Advi, and Guidance (IAG) providers. Following the submission of joint prop08als in Spring 2022. additional funding was allocated to these organizations. After a period of framework development and stsffing transitions within DCC. delivery of these services began in January 2023, viith a comprehensive monitoring structure now in place. Thi8 project ran through th8 2023124 financial year. Through this partnership, a wide array of services is being provided across County Durham. Key outcomes to date (up to the end of October 2023) include= Recruitment and training of 22 volunteers Delivery of nearfy 20,000 food crisls intervontions Support provided to almost 10,000 residents through IAG seNlces - Over 11,000 contacts for varioug forms of asslstance Direct budgeting support for nearty 300 household8 - Welfare Income increases of over £802,000 for households Nearly £2 million in unmanageable debt written off for residents This a8818tance equates to a remarkable £3 million impact on the financlal wellbeing of County Durham's residents, yielding an impressive return on investment (ROI) of £6.19 for every £1 invested by the Poverty Action Steering Group {PASG). With bwo months remaining in the reporting period, it 18 projected that this impact will rise to over £3.6 million, resching an ROI of £7.98 per pound invested. The re80urcing of VCSE provlders has proven not only effective but cost*fflclent, wlth over 47,000 service contacts achieved at 8n average cost of £9.53 per interaction. These services encompass emergency food and energy support, speclalized debt advice, assistance for older adults fadng complex ne8d8, and a 'no wrong door, approach ansurlng effective signposting and referral8. The partnership work funded by DCC has profoundly impacted thousands of residents during a critical period. While the quantitative outcomes highlight the breadth of this support. the qualitative impact on individuals and families underscores the essential role of the VCSE sector in alleviating the challenges of the cost-of-living crisis. East Durham Trust has secured a grant extension of £36,500 to maintain the Financial Vlellbeing Practllloner post through March 2025, providing continued cost-of-living support to residents. The Financial Wellbelng Practitioner has conducted regular communlty sessions, aiding in debt advice and pre-emptlV8 financial management. This role has now transitioned und8r the East Durham Connected IAG program, reinforcing our hUand-SpOke model for resourcing communlty-led services.
EAST DURHAM COMMUNITY DEVELOPMENT TRUST LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 No More Nowt INMN) No More Nowt {NMN), formerly East Durham Creates, is part of Arts Council England's (ACE) Crn8tive P90pI8 and Places (CPP) programme. a nationwide initiab've launched in 2014 to increase arts engagem8nt in underserved areas. Wrth its inclusion in ACE'S CPP National Portfolio in 2022, NMN secured £1,045,000 in ACE funding for 2022-2025, supplemented by £335,073 in match and in-kind contributions. NMN has been notified of a bridging year in 2025-26, during which the programme can apply for up to £333,333, subsequent CPP fijnding sclEduled for 2026-2029. Since the last Impact Report, NMN has made notsble progress across several dellvery strands: Local Commlsslons.. Artists Sally Southem and Nicola Lynch continue to deepen their community engagement in Anfield Plain. Their upcoming event on January 15, 2024, will colnclde with °Blue Monday,. 18V8raging local spaces and fostering relationships with community groups. Go & Sees: NMN has tscllitated Several "Go & See" trip8, aiming to broaden engagement across County Durham and connect more ¢ommunltles wlth th8 programme. Dlgltsl Rosldency: Alastair Flindall's digital residency concluded In Novembar 2023 with the unveiling of an Interactlve digrtal mural, which will be èxhiblted at varlou8 locatlons In Blshop Auckland. Cultural Hub8: NMN supports diverse cultural programming across East Durham's hubs. Projects include mural athrk In Greenhills and Shotton, an LGBTQ+ youth program in Dawdon, and performlng arts workshops for chlldren In Thomley. Place Partnershlp Collaboratlon.. NMN played 8 slgnificant role In Durh8m County Council's successful Place Partnership bid to ACE, securing £7.2 million to enhance cultural infrastructure across County Durham and build a legacy from the City of Culture 2025 bid. 18ango Ensemble Partner8hlp'. NMN supported the intemationally recognized Isango Ensemble in finding location for"Is8ngo North" in East Durham, with assistance from East Durham Tru8t (EDT). Through these Inltlatlves, NMN contlnue8 to foster communty engagement, enrich lo1 arts infrastructure, and make a lasting cultural impact across East Durham and bayond. Additionally, NMN collaborated on a successful £7,2 million Place Partnership bld, almlng to reshape cultural engagement in the County, and supported the intemationally acclalmed Isango Ensemble In their efforts to establish a North base in East Durham. Arts Café Communlty House The Arts Café at Community House resumed its regular programming of exhibitions and workshops, with local artist David Scott showcasing From Fantasy to Reality. The café also hosted workshops, like Beth Stead's ceramic sessions exploring personal and local hlstory. Highlights indude: Current Exhlbltlons". Ceramic artist Lucy W8ters Is exhlbltlng work explorlng political themes through ceramics, encouraging local participants to engage with ideas of home and identity. Workshops.. Rescheduled Tr8in the Tr8inar workshops with Lady Kitt, supporting the Recipes for Ch8nge project, will take place in February 2024, followed by ceramic workshops led by Beth Stead. Creatlve Champlon Gatherlngs: Regular meetups in the Arts Café 8IIc)w creative community leaders to share ideas and collaborate. V*leekly Connections Café sessions on Wednesdays and Thursdays and extemal bookings, such as Foundations of Lighfs cooking classes and Hartgables LGBTQIA+ support group meetlngs, further utllize the Arts Café. NMN is actively gxploring additional funding options to sustain and expand the Arts Café's rol8 as a vibrant creative hub. Our Creative Champion m8etUP8 continu8 to utilize this space, promoting artistic engagement across th8 communlty. East Durham Trust Is currently explorfng addltlonal funding opportunities to sustaln thls vlbrant community space.
EAST DURHAM COMMUNITY DEVELOPMENT TRUST LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 PowerED- Communlty Eneryy The PowerED project, focused on community-led energy inltlatiV88, has r8ached new milestones with £180,000 secured by DCC for a Detailed Project Plan following a technical feasibility study. Additionally, a £1.2 million funding application for the Energiser Hubs has passed its initial review, and we are awaiting decisions on further feasibility studies for community-owned energy schemes. The fomiation of a Community Benefit Society is undervmy to ensure sustainable community energy Solutions in East Durham. East Durham Communlty Reslllence Partnershlp Funded by the East Durham Area Actlon Partnership. the Community Resilience project focuses on supporting financial and emotional wellbeing across East Durham. Since its inc8ption, this project h88 provided 349 unique financial wellbeing interventions, benefitting 473 adults and 265 chlldren. These interventions aim to bolster communty resilience in the face of economic hardship and foster a holistic support network for East Durham residents. Flnanclal Wellbelng Support A dedicated Flnanclal i*Vellbeing Practitioner has been in8trum8ntsl in delivering regular support sessions at various community locations. These sessions, which include a mlx of scheduled appointments and open dropin surgeries, allow resident8 to access financial guidance and support close to home. Thls approach aligns with our commitment to the "hub and spoke. model, designed to decentralize resources and empowgr community-led services across East Durham. Emotlonal Wellbelng Partngrshlp To further 8UPPOrt the communlty's reslllenc8, we worked Vth key partners who saw delivery of £39,000 of emotional wellbeing services across three key Ioc81 provlders: Let's Connect, East Durham Veterans, and CALM. Collectively, these providers have reached 508 indivKluals through a range of acllvltles, from community-based counselling to group support initiatives. Funding for this emotional wellbeing component concluded at the end of October 2023. and no further activities have been scheduled since. However, the Financial Wellbelng Practitioner Gontinues to link residents with altemative emotional wellbeing Services available in the area when new needs arlse. The East Durham Trust remains committed to addr88$ing the diverso challenges faclng local residents by fostering a responsivo, mulll-facetad support nefviork that adapts to th8 communlty's evolvlng needs. This Vrk is now allgned wlth the wider information, advlce and guldance offer. East Durham Connact•d East Durham Connected is a tran8fomiative four-year project, funded by The National Lottery Community Fund, aimed at enhancing Information, Advice, and Guidance (IAG) services across East Durham. With communty partners at the heart of delivery, this initiative empowers local organizations to provide tailored support dlrectly within their communities. As conclude year 0, we are preparing a comprehensive progress report for The National Lottery, detailing significant achievoments and adaptstions. Improved Monltorlng Sy8tem8 After gathering feedback at recent community meetings, we revamped our monitoring approach, shiftlng from an Excel-based system lo Microsoft Forms to streamline data entry and enhance GDPR compliance. This change was piSoted in October, and early feedback has been overwhelmingly positive, with some minor adjustments scheduled for December to ensure full implementation by January 2024. The new monitoring framework organizes IAG themes for better tracking and reporting. As of December 2023, East Durham Connected has facilitated 9,545 total intenientions for 8,514 clients. Key areas of support include: - Debt Support: 58 interventions Financial arKJ Housing Support.. 63 interventions Hardship Assistance.. 2,033 interventions - Benefits Support.. 116 interventions - General and Job Support.. 88 interventions combined - Other IAG Services.. 159 interventions
EAST DURHAM COMMUNITY DEVELOPMENT TRUST LIMITED TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Communlty Tralnlng and Engagement A well-attended December meeting at Community House featured training from Stamp It Out on Uncons(iou5 Bias. The session sparked meaningful conversations around prejudice and inequality, with attendees requesting similar training for their teams and volunteers. In collaboration with Advice in County Durham, over 100 traning sessions have been provided to communlty partners and volunteers throughout year two, covering topics from crisis supwrt to household budgeting, greatly enhanclng the skllls and knowledge available across East Durham. Household Support Fund Inltlatlve8 In response to ongoing cost-of-living challenges. East Durham Connected has expanded Its crisis support options through the Household Support Fund. Key initiatives include.. - Food Crfs18 and Enargy Support: Extending aid to cover energy direct debits and broadening food support. Household Es$ontlal8: Providing essential Items to 187 households, totaling £15,769.20, with commendation from the funder for our robust distribution and monltorlng systems. Wlnter Essentlals Grant: Launching in January 2024. this grant allows clients to purchase critical winter itams, distributed via supemiarket vouchers ft)r flexible 8UPPOrt. - Targeted Support Program: Starting in January 2024, we'll offer energy-saving devices like 81ow cookers and alr tyers to Gllents who'vg accessed recent crisis support, aiming to reduce their energy usage, East Durham Trust's Energy Cri818 Support, funded through the Household Support Fund, h8s been a crucial resource for local residents struggling with rising energy costs. This program provides targeted assistance to those facing financial hardship due to increased energy expenses, offering both immediate and long-t8rm 8UPPOrt. Through the fund, residents can access emergency 8UPPOrt, including energy vouchers to manage urgent needs, whlle our team also provides guidance on reducing household energy usage to lessen ongoing costs. A(klitionally, we offer practlc81 resources. Ilke Slow cookers and air fryers, to help families prepare meals more efficiently, further easlng energy expenses. Thls support has been essential in helping vulnerable households stay wami, safe, and Secure through challenging financlal tlm88. Partnornhlp and Capaclty Bulldlng East Durham Connected collaborates with Citizens Advice County Durham, Durham Chr18tlan Partnershlp, and Age UK to maximize crisis support funding from Durham County Councll. Monthly meetings have been invaluable for shatlng best practices, coordinating service delivery, and optimizing resources across partner organizations. This has bolstered capacity, enabllng timely support for resident8 and advancing household budgeting skills. Dats-Drlven Communlty Engagomenl wllh GIS Mapplng Our new GIS mapplng system has allowed us to strategically track IAG service delivery and communty engagement geographically. Mapping communty partner locations In year one r8ve81ed "cold spots,. which guided targeted outreach in year Iwo. By strategically recruiting additional community partners in underseNed areas, we have expanded East Durham Connected's reach. Year three will focus on further recruiting efforts to fill remalning gaps. As East Durham Connected progresses, the project remains committed to building a responsive, inclusive, and efficient netrork of IAG seNices to address the diverse needs of East Durham residents.
EAST DURHAM COMMUNITY DEVELOPMENT TRUST LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Horden Together: Clear. Hold. Bulld (CHB) In partnership with H(xden Together, East Durham Trust leads on the Clear. Hold, Build community strategy, with involvement at every strategy level. In support of winter needs, we distributed essentlal resources such as food and heated blankets to targeted households in Horden, demonstrating our commitment to Immediate and impactful community aid. Tlme Togethor Time Together, funded through Durham County Council Public H881th, addresses social isolation with one-on-one befriending support. To date, the project has recruited 13 tralned volunteers who are actively supporting eight isolated individuals, with a further 42 referrals being processed. Monitoring and evaluation are integrated into this test-and-leam project to refine best practices in reducing isolation in East Durham. Clo*lng Rernjrks Our report reflects Ea8t Dutham Trust's extenslve efforts to support the local community across vwious e&8ential 8ervice8, arts engagement, and resilience initiatives. Through substantial resourcing, we continue to empower community groups and build a more resilient East Durham. We thank our partners, funders, and communty member8 for their ongoing support and look forward to another year of Impactful work. Flnanclal rnvlew The reserves policy states that the Board of Trustees will ensure that at least three months running costs. in exce86 of the annu81 core budgeted expenditure agreed by the board, are retained as unrestricted operationel reserves. This Is currently estimated at £54,334. The reserves are co-mingled within the Trusts operating bank accounts in accordance with the Investment policies. At 31 st March 2024 the company held unrestricted free funds of £108,669 which are adequate in relatSon to the requlrements of the reseNe policy. Plans for future perlodg Looking ahead, we are fllled with optimlsm about the future for East Durham's communities. By malrtalning and expanding our collaborative efforts, we're building not only on our achievements but also on the collective Strength and resilience of the community it8elf. As we contlnu8 to adapt and evolve in response to emerging needs, we remain ste8df8St in our commitment to ensuring that everyone In East Durham has access to the support they need. As we face increasing challenges at home and abroad East Durtiam Trust wll be there, standing alorKJside our communitles and partners, empowering local people to shape a brighter and more resilient future. 10-
EAST DURHAM COMMUNITY DEVELOPMENT TRUST LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Structure. governance and management The charity is a company limited by guarantee and is govemed by its Memorandum and Articles of A8soGiation. It is registered 88 a charlty wlth the Charity Commlssion. East Durharn Community Development Trust is a local development agency for the public benefit of urban and rural regeneration in areas of social and economic deprivation within the East Durham region. Our role is to support and develop the Voluntary and Community Sector through a range of services. We aim to help to develop aNJ sustain a vibrant and active Voluntary and Community Sector (VCS) throughout our District. The Trust was 8stablished as an organisation whlch would be ideally placed to effectlV81y d8V8lop th8 Voluntary and Communlty Sector in the District of Easington. Following Local Govemment Review and the establlshment of single Unitary Authority the Trust extended its operating boundaries in 2011 with a view to replicating the buslne8S model throughout County Durham although maintaining the bulk of its Wofk within the former Easington District boundary. Tha vlslon and ml$slon statement of the organisation remained as.. Vl810n: To improve th6 quallty of life for people In County Durham., Ml8810n: To contribute to the social and economic regeneration of County Durham by providing the central focal point for the support and empowerment of the Voluntary & Communty S8Ctor for the beneflt and empowerment of local p8ople and communitie8.' The tru8tees, who are also the dlrectors for tho purpos• of ¢ompany law, and who served during the year and up to the date of signature of the financial statements were: Miss R Hardy MrsA E Nutter Ms E M Connor Ms S Ratnatunga Dr K S Sidhu Miss J M Bray Mr G Matthews Mr D P Groark Mrs J Angus (Resigned 16 November 20231 During thls period the Trust continued wlth the Trustees who were recruited from bwo distlnct sources (i.e. by "search" and by election). Specific movement of individuals induded reappolntments from the annual resignation and electlon process which sees the automatic resignation of the tsvo long88t $8rvlng alted members and an open election from the full Trust membership. 11
EAST DURHAM COMMUNITY DEVELOPMENT TRUST LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 ststement of truste88' responsibllltles The trustees, who are also the directors of East Durham Community Development Trust Limited for the purpose of company law, are responsible for preparing the Trustees, Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting practi). Company Law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year. In pr8paring th888 financial Statements, the trustees are required to: select suitable accounting policies and then apply them conslst8ntly', - observe the methods and principles in Charities SORP; make Judgements and estlmate8 that are reasonable and prudent; 8tste whether appllcable UK Accounting Standards have been followed, subject to any material departures disclosed and explained In the financlal statements. and prepare the financial ststements on the going concem basis unless It Is Inappropriate to presume that the charity Vlill continue in operation. The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial posltlon of th8 charity and enable them to ensure that the financial statemen ts comply with the Companies Act 2008. Thay are also responslble for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Audltor In accord£nce wlth the company'8 articles, a resolution proposing that Allen Sykas Limited be reaFvointed as auditor of the company wlll be Put at a G8neral M88ting. Small cornpany provlslons This report has be8n prepared in accordance with the provisions 8pplicable to companies entitled to the Bmall companies exemption. Dlsclosure of Informatlon to audltors Each of the trustees has confirmed that there is no infomation of which they are avrdre which is relevant to the audrt, but of which the auditor is unaware. They have further confirmed that they have laken appropriate steps to identify such relevant information and to establish that the auditor is aware of such information. The trustees, repJrt was approved by Ihe Board of Trustees. Mrs Angus Trustee 12-
EAST DURHAM COMMUNITY DEVELOPMENT TRUST LIMITED INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF EAST DURHAM COMMUNITY DEVELOPMENT TRUST LIMITED Oplnlon have audited the financial statements of East Durham Community Development Trust Limited (the 'charity') for the year ended 31 March 2024 which comprise the statement of financial activities, the statement of financlal position, the statement of cash flows and notes to the financial statements, including signlficant accounting policies. The financial reportlng fram8work that has been applied In their preparation is applicable law and United Kingdom Accounting Stsndards, Including Financial Reporting Standard 102 Th8 Financial Reporting St8ndard applicable in the UK 8nd Republic of Ireland (Unit8d Kingdom Generally Accepted Accounting Praclice). The comparative figures are unaudited. In our opinion, the financial statements: give a true and fair view of the 8tst8 of the charitable company's affalrs a8 at 31 March 2024 and of its Incoming resources and application of resources, for the year then ended,. have been properly prepared in accordance wlth United Kingdom Generally Accepted Accountlng Practio., and have been prepared in a¢cordanc8 wlth the requirements of the Companies Act 2006, Bas1¥ for oplnlon INe conducted our audit in accordance wfth Intemational Standard8 on Auditing (UK) {ISAs (UK)) and appllcable law. Our responsibilities under those standard8 are further described In the Auditols r9sponsiblllties for the audit ol the fln8nclal statem9nt8 Section of our report. 1Ole are independent of the charity in accordance with the ethical requirements that are relevant to our audlt of the financial statements In the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical re8ponsibilits.es in accordance wlth these requirements. We believe that the audit evidenc8 W@ have obtained is sufficient and appropriate to provide a ba8ls for our opinion. Concluslon8 relatlng to golng concern In auditing the flnancial statements, we have concluded that the trustees, use of the going concem basis of accounting in the preparation of the financial statem8nts is appropriate. Based on the work we have performed, we have not identified any material uncertalntles relating to events or conditions that, individually or collactively, may cast significant doubt on the charity's abillty to continue as a going concem for a period of at least twelve months from when the financlal Statements are authorised for issue. Our responslbllities and Ihe responsibilitles of the trustees with respect to going concern are described in ttr relevant sections of this report. Other Informatlon The other infonnation comprises the information included in the annual report other Ihan the financial ststements and our auditors report thereon. The tru8t88s are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other infomation and we do not express any form of assurance concluslon thereon. Our responsibility is to read the other infomatlon and, in doing so, consid8r whether the other information is materially inconsistent vAth the financial statements or our knowledge obtained In the course of the audit, or othenNise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to detemlne ettter this gives rise to a material misstatement In the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information. we are required to report that fact. We have nothing to report in this regard. 13-
EAST DURHAM COMMUNITY DEVELOPMENT TRUST LIMITED INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF EAST DURHAM COMMUNITY DEVELOPMENT TRUST LIMITED Matters on whlch we are requlred to report by exceptlon We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you rf, in our opinion.. the InfOa.0n given in the flnancial statements is inconsistent in any material respect Mrith the trustees, reF)Ort', or sufficlent accounting records have not been kept. or the financial statements are not In agreement with the accounting records- or we have not received all the information and explan8tions we require for our audit. Re$ponslbllltl•s of tru8taa8 As explained more fully In the statement of trustee8' re8ponsibilitieS, the trustees, who are also tha directors of the charity for the purpose of company law, are responslble lor the preparation of the financial statemenls and for being Satisfied that they give a true and fair view, and for such Intemal control a3 the trustees determine Is necessary to enable the preparation of financial statements that are fre8 from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charity's ablllty to contlnue as a going concem, disclosing, as applicable. matters relat8d to going concern and using the golng concem basls of accounting unless the trustees either intend to liquldate the charitable company or to cease operations, or have no reallstic alternative but to do so. Audltor'8 rosponslbllltles for the audlt of th• flnanclal Statements We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulatlons made or h8ving effect thereunder. Our objectives are to obtain reasonable assurance about whether the financial statements es a whole are free from materlal misstatement, whether due to fraud or error, and to issue an auditorfs report that includes our opinlon. Reasonable assurance is a high level of assurance but 16 not a guarantee that an audit conducted in accordance with ISAS (UK) wlll always detect a material misstatement when it exists. Misststem8nt8 can arise from fraud or error and are considered material if, Indlvldually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basls of these financial statements. Irregularltlas, Including fraud, are instances of non-compliance viith laws and regulations. We design procedures in line with our responsibllltles, outllned above, to detect material misstatements in respecl of Irregularities, including fraud. The ertent to which our procedures are capable of detecting irregularities, including fraud is detailed below.. 14-
EAST DURHAM COMMUNITY DEVELOPMENT TRUST LIMITED INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF EAST DURHAM COMMUNITY DEVELOPMENT TRUST LIMITED Our approach to identifying and assessing the risks of materi81 misstatement in respect of irregularities, induding fraud and non-compliance with laws and regulations. was as follows.. the engagement partner ensured that the engagement team collectively had the appropriate cornpeten, capabilit18s and skills to identify or recognise non-compliance with applicable laws and regulations. we Identlfied the laws and regulatlons applicable to the company through dlscusslons wSth directors and other management, and from our commercial knowledge and experience of the sector,. we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company. including the Companies Act 2006, Charities Act 2011, taxation legislation, data protection, anti-bribery, employment, environmental and health and safety legislation., • We assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence., and Identif ed laws and regulatlons were communlcated withln the audlt team regularly and the team rernalned alert to instances of non-compliance throughout the audit. We assessed the susceptibility of the company's financial statements to material mis8tstement, including obtaining an understanding of how fraud might occur, by.. making enquirie8 of management as to where they considered there wa8 8usceptibility to fraud, thelr knowledge of actual. Suspected and 8lleged fraud; and considering the internal controls in place to mitigate rlsks of fraud and non-compliance with laws and regulations. To address the risk of fraud through management bias arKI override of controls, we.. performed analytical procedures to identify any unusual or unexpected relationships., tested journal entries to identify unusual transaction8' • ass888ed wheth8r ludg8ment8 and a&8umptions made in deternilnlng the accountlng estlmates were Indlcatlve of potentlal blas; and • investlgated the ratlonale behlnd any Identffied slgnlficant or unusual transactlons. In response to the risk of irregularitie8 and non-compliance with law6 and regulations, we designed procedures which included, but were not limited to: agreeing financial statement disdosures to underlying supporting documentation., enquiring of rnanagement as to actual and potential litigation and claims., and reviewing correspondence with HMRC, relevant regulators and the company's leg818dvlsors. There are inherent limitations in our audlt procedures descrlbed above. The more removed that laws and regulatlons are from financlal transactlons, the less Ilkely it is that we would become aware of norFcompliance. Audlting Standards also limlt the audit procedures required to identify non-compliance with lavts and regulations to enquiry of the directors and other management and the inspedion of regulatory and legal correspondence, if any. Material misstatements that arise due to fraud can be harder to detect than those that arise from ernr as th8y may Involve deliberate concealment or Ggllusion. 15-
EAST DURHAM COMMUNITY DEVELOPMENT TRUST LIMITED INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF EAST DURHAM COMMUNITY DEVELOPMENT TRUST LIMITED As part of an audit in accordance with ISAS (UK), VR exercise professional judgment and maintain professional scepticism throughout the audit. We also: Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error. design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a materlal mlsstatement resulting from fraud Is hlgher than for one resulting from error, as fraud may Involve collusion, ft)rgery, intentional omissions, misrepresentations, or the override of intemal control. Obtain an understanding of internal control relevant to the audrt in order to design audit procedures that are appropriate in the circumstsnces, but not for the purpose of expressing an opinion on the effectiveress of the internal control. Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimat88 and related disclosures made by the trustees. Conclude on th8 appropriaten8ss of th8 ttust88S' U88 of the going concern basis of accountlng and, based on th6 audlt evldence obtained, whether a material uncertalnty exlsts related to events or conditions that may cast significant doubt on the charfty's ablllty to continue as a going concern. If we conclude that a material uncertainty exists, we a required to draw attention in our auditor's report to the relat& disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the charity to cease to continue as a going concern. Evaluate the overall presentation, structure and content of the financial statements, Includlng th& dlsclo8ur88, and wh8th8r th8 financial 8tatem8nts represent the underlying transactions and events in a manner that achieves fair presentation. Vve communicate with th08e charged with governance regarding. among other matters, the p18nned 8COP8 and tlming of the audit and significant audit findings, including any significant deficiencies in intemal control that we identify during our audit, A further descrlptlon of our re8ponslbllltle$ is avallable on the Financial Reporting Council's vRbsite at.. https:11 vhvw.frc.org.ukjauditorsre8ponsibilities. This description fonns part of our auditor's report. Use of our report This report 18 made solely to the charity's trustee8, a8 a body, in accordance with part 4 of the Charltles (Accounts and R8ports) Regulations 2008. Our audit work has been undertaken so that we might State to the charity's trustees those matters we are required to state to them In an audltofs report and for no other purpose. To the fullest extent pemiltt8d by law, w8 do not accept or assum8 r8sponslblllty to anyone other than the charity and the charity's trustees as a body, for our audlt work, for thls report, or for the opinions we have formed. Kf.p John P Yarrow FCA (Sènlor Statutory Audltor) for and on behalf of Allen Sykes Llmlted 15è4 ZJM• Chartered Accountants Statutory Auditor 5 Henson Close South Church Enterprise Park Bishop Auckland Co Durham DL14 6VIlA 16-
EAST DURHAM COMMUNITY DEVELOPMENT TRUST LIMITED STATEMENT OF FINANCIALACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Unrostrlctsd Restrlcted funds funds 2024 2024 Total Unrestrlcted Restrlcted funds funds 2023 2023 Totsl 2024 2023 Notes Incom8 from: Donations and legacies Charitable activities Other tradlng actlvitles Investments 16,982 5,344 22,306 1,257,047 1,257,047 7,068 51,250 18,918 7,269 26,187 1,216,375 1,216,375 6,820 13,973 7,068 51.250 6,820 13,973 Total Income 75,280 1,262,391 1,337,871 39,711 1,223,644 1,263,355 Expendlturo on: Raising funds Charltable actlvities 1,286 1,288 158,472 1,135,387 1,291,859 2,849 202,202 2,849 806,171 603,969 Total oxpendlture 157,758 1,135,387 1,293,145 205,051 603,969 809,020 Net Incomel{8xpendlturg) (82,478) 127,004 44,528 {165,340) 619,675 454,335 Tran8fer8 bets6n funds 16 119,794 (119.794) 165,883 (1e5,883) Net movomont In funds 12 37,316 7,210 44,526 543 453,792 454,335 Reconclllatlon of fund8: Fund balance8 at 1 April 2023 1,271,895 1,191,877 2,463,772 1,271,352 738,085 2,009,437 Fund balancès at 31 March 2024 1,309,211 1,199.087 2,508,298 1,271,895 1,191,877 2,463,772 The statement of financial activities includes 811 gains and losses recognised in the year. All income and expenditure derive from contlnulng activities. 17-
EAST DURHAM COMMUNITY DEVELOPMENT TRUST LIMITED STATEMENT OF FINANCIAL POSITION AS AT 31 MARCH 2024 2024 2023 as restated Notss Fixed ass8ts Tangible assets 17 958,828 965.935 Current assets Debtors Investments Cash at bank and in hand 18 19 125,234 326,940 1,232,931 70,031 317,206 1,208,971 1,685,105 1,598,208 Credltorn: amounts falllng due wlthln ona year 20 {135,635) (98,371) Net curront a8S0ts 1,549,470 1.497,837 Total assets le88 current Ilabllltlos 2,508,298 2,463,772 Net a888ts 2,508,298 2,463.772 The funds of the charlty Restrlcted Income funds Unrestricted funds 23 1,199,087 1,309,211 1,191,877 1,271,895 2,508,298 2,463,772 The company is entitled to the exemption from the audlt requlr8m8nt contained in 88Ction 477 of the Companies Act 2006, for th? year ended 31 March 2024, although an audit has be8n caled out under soction 144 of the Charities Act 2011. The directors acknow18dge their responsibilities for complying wilh the requirements of the Companies Act 2006 with respect to accountlng records and the preparation of financial statements. The members have not required the company to obtain an audit of its financial statements under the requlrements of the Companies Act 2006, for the year in question in accordance with section 476. These financial statements have been prepared In accordance With the provi8ion8 applicable to companies Suect to the small companies regime. The flnanaal statements were approved by the trustees on . J Angus ustee Company registration number 05934124 (England and Wales) 18-
EAST DURHAM COMMUNITY DEVELOPMENT TRUST LIMITED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 as restated Cash flow8 from operatlng actlvltles Cash (absorbed by)Igenerated from operations 28 (17,556) 365,507 Investlng actlvltles Investment income received 51,250 13,973 Net cash generated from Investlng actlvltles 51,250 13,973 Net cash usad In flnanclng actlvltlo8 Net Increa8e In cash and G•8h equlvalents 33,694 379,480 Cash and cash equivalents at baglnnlng ol year 1,526,177 1,146,897 Cash and ca8h equlvalonts at ond of year 1,559,871 1.526.177 Relatlng to: Cash at bank and In hand Short term deposlts included in current asset investments 1,232,931 1.208.971 326,940 317.206 19-
EAST DURHAM COMMUNITY DEVELOPMENT TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accountlng policie8 Charlty Infomiatlon East Durham Community Development Trust Limited is a private company limited by guarantee incorporated in England and Wales and 8 r8gist8red charity in Eng18nd and Wales. The registered office is Communty House, Yoden Road, Peterlee, Co Durham, SR8 5DP. 1.1 Accountlng convention The financial statements have been prepared in accordance with the Companies Act 2008, FRS 102 Yhe Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102°) and the Chariti88 SORP "Accounting and Reporting by Char6tles'. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financlal R8POrting Standard applicable in the UK 8nd Republic of Ireland (FRS 102)" (effective 1 January 2019). The charlty Is a Public Benefit Entity as defined by FRS 102. The financial statements are prepared in sterllng, vthich is the functional currency of the Charity. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention. The prlnclpal accounting policies adopted are set out below. 1.2 Golng conc8m At the time of approvlng the financial statements. the trustees have a reasonable expectation that the charity has adequate resources to contlnue In op8r8tional existence for the foreseeable future. Thus the trustees continue to adopt the going concern basi8 of accountlng In preparing the financial statements. 1.3 Charltable fund• Unrestricted fund3 are available for use at the discretion of the twstaas In furtherance of their charitable obJ&¢tlves. Designated funds are unre8tricted funds which have been set aside for a particular purpose. Restricted fund8 are Subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. 1.4 Income Income is recognised when the charlty Is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and It is probable that income will be received. Cash donation8 are recognlsed on recelpt. Other donations are recognised once the charity has been notified of the donation, unless performance Conditions require deferral of the amount. Income tax recoverable in relats'on to donations received under Gift Aid or deeds of covenant Is recognised et the time of the donation. Legacies are recognised on receipt or otheNflse rf the charity has been notified of an Impending distribution, the amount is known, and receipt is expected. If th8 amount is not known, the legacy is treated as contingent asset. -20-
EAST DURHAM COMMUNITY DEVELOPMENT TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accountlng pollcles Icontlnued) 1.6 Expenditure Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligatlon can be measured rellably. Expenditure is classified by actNity. The costs of each activty are made up of the total of dIt costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned beeen those activities on a basis consistent wlth th8 US8 of r88ourc8s. Central staff costs are allocated on the basis of time spent, 8nd depreciation charges are allocated on the portion of the asset's use. 1.6 Tanglble flxod a88ets Tangible fixed assets are initially measured at cost and subsequently measured at Cost or valuation, net of depreciation and any impaimient losse8. Depreciation is recognised so as to write off the cost or valuation of asset8 le88 their residual values over their useful lives on the following bases.. Freehold land and buildings Fixtures and flttlngs Equipment 1% straight line 250A straight line 330A stralght line The galn or loss arlslng on the dl8POS81 of an asset 18 d8temilned as th8 dlffer8nce between the sale proceeds and the carying value of the asset, and is recognised in the statement of flnanclal actlvltles. 1.7 Impalrment of flxed a$$ftts At each reporting end date, the Gharity reviews the carrying amount5 of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indrAtion exists, the recoverable amount of the asset is estimated in order to determine the exlent of the impairment 108s (If any). 1.8 Cash and cash equlvalents Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-tem liquid investments wth original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 1.9 Flnanclal Instrument8 The charity has elected to apply the provisions of Section 11 '8asic Financial Instruments, and Section 12 'Other Financial Instruments18sues' of FRS 102 to all of it8 financial instruments. Financial instruments are recognised in the charltls balance sheet vthen the charity becomes paty to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amourrts presented in th8 financial statements, when there is a legally enforceable right to sel off the recognised amounts and there is an intentlon to settle on a net basis or to alise the asset and settle the liability simultaneously. -21
EAST DURHAM COMMUNITY DEVELOPMENT TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accountlng pollcl85 (Contlnued) Basle flnanclal assets Basic financial assets, which include debtors and cash and bank balances, ar8 Initially measured transactlon price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitLrtes a financing transaction, where the transaction is measured at the present value of the future receipts dlscounted at s market rate of interest. Financlal assets classified as receivable within one year are not amortised. Basic flnanclal Ilabllities Basic financial liabllltl88, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortlsed. Trada creditors are obllgations to pay for good8 or services that have been acqulred In the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment Is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognlsed initially at transacts'on pr1¢8 and subsequently measured at amortised cost using the effective interest method. 1.10 Employee benefit¥ The cost of any unused holiday entitlement is recogni8ed in the period in which the employee'8 services are received. T8miin8tion benefits are recognlsed immediately 8s an expense when th8 charity is demonstrably committed to terminate the employment of an 8mployee or to provide temiination beneflts. 1.11 Retlrem8nt benaflts Payment8 to defined contribution retirement benefit schemes are chargad as an expense as they fall due. crftlcal accountlng estlmates and Judgements In the appllcation of th8 ch8rlty's accounting policies, the trustees are requlred to make judgements, estimates and assumptions about the carrylng amount of assets and liabilities that are not readily apparent from other sources. The estimates and assoclat8d assumptions are based on historical experfence and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is r8vised where the revision affects lY that period, or in the perlod of the revision and future periods vA)ere the revision affects both current and future periods. Company Ilmlted by guarantee The company Is Incorporated under the Companies Act 2006 and 18 limlted by guarantee, each member having undertaken to contribute such amounts not exceeding £1 as may be required in the event of the company being wound up whllst he or she is still a member or within one year thereafter. At 31 March 2024 there were 8 members {2023 - 9 members).
EAST DURHAM COMMUNITY DEVELOPMENT TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Donations and legacles Unrestrictsd Rastricted funds funds T¢)tal Unrestricted Restricted funds funds Total 2024 2024 2024 2023 2023 2023 Donatlons and gifts other 16,962 22,306 18,918 6,524 745 25,442 745 16,962 5,344 22,306 18,918 7,269 26,187 Donatlon8 and glfts Other 18,982 5,344 22,306 18,918 6,524 25,442 16,962 5,344 22,308 18,918 6,524 25,442 Charltable actlvltle8 Communlty Communlty Development D8v8lopment 2024 2023 Grants receivable 1,257,047 1,216,375 Grants recélvabl• Creative People & Place8 DCC Hord8n Together CDCF Know Your Neighbourhood National Lottery Stop Poverty DCC Poverty Action Steering Group AAP Communty Resilience Power East Durham NLCF Cost of Living Fund PCP Covid Resilience DCC Hollday Activitles with Healthy Food CDCF Household Support Fund Durham University Street Cosmos NLCF IAG Partnership NLCF - Know Your Neighbourhood DCC Household Support Fund Time Together Other 326,848 348,076 100,000 25,000 21,638 132,000 95,000 25,000 54,333 72,085 56,455 22,496 575,779 30,000 110,613 25,375 109,965 205,000 21,783 40,251 77,745 1,257.047 1.216.375 23-
EAST DURHAM COMMUNITY DEVELOPMENT TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Income from other trading activilles Unr88tricted Unrestrlcted funds funds 2024 2023 Trading activty income: other 7.088 6,820 Incomè from Inv8stmonts Unre8trlcted Unrestrlcted funds fund3 2024 2023 Bank interest receivable Rent & room hire 40.481 10,769 5,621 8,352 51.250 13,973 Ra181ng fund8 Unrestrlcted Unrestricted funds funds 2024 2023 DBS Checks 1,286 2,849 1,286 2,849 -24-
EAST DURHAM COMMUNITY DEVELOPMENT TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Charltable actlvltles Community Community Dovoloprnent Development 2024 2023 Staff costs Other office costs AdvertlsSng Project expen8e8 Other costs 308,135 31 1,438 823,194 2,398 225,880 207 356,890 10,527 1,135,194 594.145 Grant funding of activit188 (See note 10) 20,000 Share of support costs (see note 11) Share of govemance costs (s88 note 11) 139,533 17,132 184,984 7,042 1,291,859 806,171 Analy$l$ by fund Unrestricted funds Restricted funds 156,472 1,135,387 202,202 603,969 1,291,859 806,171 10 Grants payable Community Development 2023 Grants to Institutlons: Other 20,000
EAST DURHAM COMMUNITY DEVELOPMENT TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 11 Support costs Support Governance Costs 2024Support costs Gov8rnance costs 2023 staff costs DepcIatiOn Travel expen888 Rates Light, heat & water Repairs & maintenance Insurance Other offlce costs Advertising Other costs Legal & professional 76,961 7.107 344 693 10,197 8,907 6,773 9,831 173 18,414 2,133 76,961 7,107 344 693 10,197 8,907 6,773 9,831 173 16,414 2.133 124,589 7,107 242 641 9,731 19,974 6,055 8,162 1,719 3,765 2,999 124,589 7,107 242 9,731 19,974 8,055 8,162 1,719 3,765 2,999 Audit fe88 Accountancy feas EDT Davalopment 5,400 110 11,622 5,400 110 11,622 5,400 5,400 1,642 1,842 139,533 17,132 156,885 184,984 7,042 192,026 Anatysed between Charitsble activities 139,533 17,132 156,665 184,984 7,042 192.026 12 Net movement In fund8 2024 2023 The net movement in funds is stated after chargingl(¢rediting): Fees payable for the audlt of the charity's financial Statements Depreciation of owned tangible fixed asset8 5,400 7,107 5,400 7,107 13 Trustees None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year. 14 Employees The average monthly number of employees during the year was: 2024 Number 2023 Number Management staff Administrative staff Project Staff 13 11 Totsi 16 14 -26-
EAST DURHAM COMMUNITY DEVELOPMENT TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 14 Employees (Continued) Employment costs 2024 2023 Wages and 68laries Social security costs Other pension costs 350,931 25,125 4,865 316,443 22,056 3,858 380,921 342,357 Th8r8 were no employees whose annual remuneration was more than £60,000. Rfrmuneratlon of key management personnel The remuneration of key management personnel was as follows: 2024 2023 Aggregate compensation 45,820 44,921 15 Taxatlon Th8 charity is exempt from taxation on its activitie8 because all Its In¢oma Is applled for charitable purposes. 18 Tran8fer8 batween fund8 The fund transfers relate mainly to transfers from restricted funds to unrestricted funds where non monetsry expenditure (e.g. management charges, etc) has been released during the y8ar. The transfers have been made in order Ihat the restriGted funds shown in the balance sheel at the year end shows the total amount of funding remaining which has been restricted in its purpose. £132,000 was transferred out of the DCC Povety Action Steering Group restricted funds. Of this £100,000 was transferred into the NLCF IAG restrfcted fund, £29,500 into the AAP Community Resilienc8 restrided fund & £2,500 into the Macmillan Feed restricted fund in Iln8 With the original funding agreement. The unspent balances on maich funding for the Creatlve People and Places project were 81s0 transferred into this restricted fund. -27-
EAST DURHAM COMMUNITY DEVELOPMENT TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 17 Tanglble flxed assets Freehold land Flxtures and and bulldlng8 Ewlpment Totsl Cost At 1 April 2023 1.010,791 10.779 38,658 1,060,228 At 31 March 2024 1,010,791 10,779 38,858 1,060,228 Depreclatlon and Impalrment At 1 April 2023 Depreciation charged in the year 44,858 7,107 10,779 38,658 94,293 7,107 At 31 March 2024 51,963 10,779 38,658 101,400 Carrylng amunt At 31 Mar¢h 2024 958,828 958,828 At 31 March 2023 965,935 965,935 18 Debtors 2024 2023 Amounts falllng due wlthln one yoar: Trade debtors Other debtors Prepayments and accrued income 34,544 58,954 31,738 37,591 12,129 20,311 125,234 70,031 19 Current asset Investments 2024 2023 as r8Statsd Cash 8qulval8nts 326,940 317,206 20 Cr8dltor8: amunts falllng due wlthln one year 2024 2023 Notes Other taxation and social security Govemment grants Trade creditors Other credilors Accruals 2,237 37,000 35,893 24,187 36,318 21 35,000 2,812 23,259 37.300 135,635 98.371 -28-
EAST DURHAM COMMUNITY DEVELOPMENT TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 21 Government grants Deferred income is included in the financial statements as follows.. 2024 2023 Deferred Income Is Included within: Current liabilities 37.000 35,000 Mov8m8nt8 in the year.. Deferred income at 1 April 2023 Released from previous period5 Resources deferred In the year 35,000 {35.000) 37,000 95,000 (95,000) 35,000 Deferrod income at 31 March 2024 37,000 35,000 22 Retlrement b8n8llt 8cheme8 2024 2023 Deflned contrlbutlon schomes Charge to profit or loss in respect of defined contribLrtion schemes 4,885 3,858 The charity operate8 a deflned contribution pension 6cheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund. -29-
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EAST DURHAM COMMUNITY DEVELOPMENT TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 24 Analysls of net assets between funds Unr08trict8d funds 2024 Restricted funds 2024 Total 2024 At 31 March 2024: Tangible assets Current assetsl(liabilities) 879,044 430,167 79,784 1,119,303 958,828 1,549,470 1,309,211 1,199,087 2,508,298 Unrestrlctsd fund8 2023 Re6trlcted funds 2023 Totsl 2023 At 31 March 2023: TanglbSe assets Current assetsl(liabilitie8) 885,323 386,572 80,812 1,111,265 965,935 1,497.837 1,271,895 1,191,877 2,463,772
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EAST DURHAM COMMUNITY DEVELOPMENT TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 26 Relatsd party transactiong Mrs A E Nutter. trustee, is the head of Wingat8 & Station Town Family Centre. Included in other irwme is £Nil (2023 - £49) in relation to services provided to Imngate & Station Town Famlly Centre. Included in Charitsble Activities expenditure is £Nil (2023 - £1,175) In relation to goodslservices purchasad from Wingate & Station Town Famlly Centre during the year. MIS8 R Hardy is a director of Shotton Partnership 2000 Limited. Included in Charitable Activities expenditure is £6,000 (2023 - £10.380) in relation to goodslservices provided by Shotton Partnership 2000 Limited during the year. Ms E Connor 18 a parish councillor of Horden Parish Council. Included In charltable activities expenditure is £54 (2023 - £660) in relatlon to servlces provlded by Horden Par18h Council. Ms E Connor is also a trustee of Horden Youth & Community Centre and included in Charrtable Activitles expenditure 1$ £1,133 (2023 - £970) in relation to goodslservices purchased from Horden Youth & Community Centre. Included in trading activitles Income 18 £NII {2023 - £5) In relatlon to 8er¥lces provided to Horden Youth & Community Centre. Dr K S Sldhu is a director of South Durham Health CIC. Included in other trading activities Income Is £5,000 (2023 - £Nil) in relation to services provided to South Durham Health CIC. These transactions were under nornial commercial term8. 27 Prlor p•rf¢xl adjustment A prfor year adjustment has been made to reclasslfy bank balances held on short term depostts totalllng £317,206 a8 current a88et investments rather than bank and cash. This adjustment Is presentational and has no effect on retsined eaming8 brought forward. ReGonclllatlon of changes In equlty The prior period adjustments do not glve rlse to any effect upon equity. 28 Caah generated from operatlons 2024 2023 Surplus for the year 44,526 454,335 Adjustments for.. Investment Income recognised in statement of financial activities Depreciation and impairment of tangible fixed assets (51,250) 7,107 (13,973) 7.107 Movements in yrkIng capital.. (Increa88) in debtors Increasel(decrease> in creditors Increasel(decrease) in deferred income (55,203) 35,264 2,000 (17,790) (4,172) (60,000) Cash (absorbed byvgenerated from operations (17,556) 365,507 38-
EAST DURHAM COMMUNITY DEVELOPMENT TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 29 Anatysis of Changes in net funds The charity had no material debt during the year. 39-