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##
|||Page|
|---|---|---|
|Reference and administrative|details||
|Chief Executive's statement|||
|Trustees'
report||3-11|
|Trustees'
responsibilities
statement||12|
|Independent
auditor's
report|on the financial statements|13-16|
|Consolidated
statement
offinancial activities||17|
|Consolidated
balance sheet||18|
|Charity balance sheet||19|
|Consolidated
statement
ofcash flows||20|
|Notes to the financial statements||21-40|
##
##
|Trustees|||J Prendergast,|J Prendergast,|Chairman|
|---|---|---|---|---|---|
||||DJ Entwisle|||
||||E Patience|||
||||M J Wood|||
||||S McLoughlin|||
||||A M Watson|||
||||H Alderson|||
||||LC Lowther|||
||||A R Muffitt|||
||||G Cox (Resigned 15September 2020)|||
|Company|registered|||||
|number|||04827255|||
|Charity registered||||||
|number|||1119143|||
|Registered||office|The Linskill|Centre||
||||Linskill Terrace|||
||||North Shields|||
||||NE30 2AY|||
|Chief executive officer|||S Ripley|||
|Independent||auditor|UNW LLP|||
||||Chartered|Accountants||
||||Citygate|||
||||StJames'|Boulevard||
||||Newcastle|upon Tyne||
||||NE1 4JE|||
|Bankers|||Unity Trust|Bank pic||
||||4 Brindley|Place||
||||Birmingham|||
||||B12JB|||
|Solicitors|||Muckle LLP|||
||||Time Central|||
||||32 Gallowgate|||
||||Newcastle|upon Tyne||
||||Tyne and Wear|||
||||NE14SN|||
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||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|
||||funds|funds|funds|funds|
|||Note|2021f|2021|2021f|2020
E|
|income from:|||||||
|Donations
and legacies|||208,990|424,960|633,950|247,315|
|Charitable
activities|||739,580||739,580|834,413|
|Other trading
activities|||62,562||62,562|328,379|
|Other income||||||5,020|
|Total income|||1,011,132|424,960|1,436,092|1,415,127|
|Expenditure
on:|||||||
|Raising funds|||76,167||76,167|310,596|
|Charitable
activities|||717,703|438,053|1,155,756|1,033,676|
|Total expenditure|||793,870|438,053|1,231,923|1,344,272|
|Net gains/(losses)|on investments|12|29,532||29,532|(5,860)|
|Net movement
in|funds||246,794|(13,093)|233,701|64,995|
|Reconciliation
of|funds:||||||
|Total funds brought|forward||264,267|702,022|966,289|901,294|
|Net movement
in funds|||246,794|(13,093)|233,701|64,995|
|Total funds carried forward|||511,061|688,929|1,199,990|966,289|
##
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||||||||As restated|
|---|---|---|---|---|---|---|---|
||||||2021||2020|
||||Note||||E|
|Fixed assets||||||||
|Tangible assets|||11||866,663||697,080|
|Investments|||12||138,850||109,318|
||||||1,005,513||806,398|
|Current assets||||||||
|Stocks|||13|3,766||4,207||
|Debtors|||14|30,086||59,811||
|Cash at bank|and in hand|||438,414||208,467||
|||||472,266||272,485||
|Creditors: amounts||falling due within one||||||
|year|||15|(140,698)||(112,594)||
|Net current|assets||||331,568||159,891|
|Total assets|less current liabilities||||1,337,081||966,289|
|Creditors: amounts||falling due after more||||||
|than one year|||16||(137,091)|||
|Total net assets|||||1,199,990||966,289|
|Charity funds||||||||
|Restricted funds|||17||688,929||702,022|
|Unrestricted|funds||17||511,061||264,267|
|Total funds|||||1,199,990||966,289|
##
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##
|||||||As restated|
|---|---|---|---|---|---|---|
|||Note||2021f||2020|
|Fixed assets|||||||
|Tangible assets||11||821,767||644,261|
|Investments||12||138,851||109,319|
|||||960,618||753,580|
|Current assets|||||||
|Debtors||14|99,934||68,916||
|Cash at bank and in hand|||383,122||166,883||
||||4&3,056||235,799||
|Creditors: amounts|falling due within one||||||
|year||15|(134,931)||(97,377)||
|Net current assets||||348,125||138,422|
|Total assets less current liabilities||||1,308,743||892,002|
|Creditors: amounts|falling due after more||||||
|than one year||16||(137,091)|||
|Total net assets||||1,171,652||892,002|
|Charity funds|||||||
|Restricted funds||17||688,929||702,022|
|Unrestricted
funds||17||482,723||189,980|
|Total funds||||1,171,652||892,002|
##
##
||||||2021|2020|
|---|---|---|---|---|---|---|
||||||E|E|
|Net cash used
in operating|activities||||373,709|211,192|
|Cash flows from investing||activities|||||
|Proceeds from the sale oftangible fixed|||assets|||304|
|Purchase oftangible fixed assets|||||(292,479)|(30,692)|
|Net cash used in investing||activities|||(292,479)|(30,388)|
|Cash flows from financing||activities|||||
|Cash inflows from new borrowing|||||152,500||
|Repayments
of borrowing|||||(3,783)|(26,667)|
|Investment
withdrawal||||||10,000|
|Net cash provided
by!(used in) financing||||activities|148,717|(16,667)|
|Change
in cash and cash||equivalents|in|the year|229,947|164,137|
|Cash and cash equivalents||at the beginning||ofthe year|208,467|44,330|
|Cash and cash equivalents||at the end|of|the year|438,414|208,467|
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||||Unrestricted|Restricted|Total|
|---|---|---|---|---|---|
||||funds|funds|funds|
||||2021|2021|2021|
|Donations|||6,413||6,413|
|Grants receivable||||424,960|424,960|
|Government|grants||202,577||202,577|
|Total donations||and legacies|208,990|424,960|633,950|
||||Unrestricted|Restricted|Total|
||||funds|funds|funds|
||||2020|2020|2020|
||||F|E|F|
|Donations|||13,741||13,741|
|Grants receivable||||233,574|233,574|
|Total donations||and legacies|13,741|233,574|247,315|
##
||Unrestricted|Total|Total|
|---|---|---|---|
||funds|funds|funds|
||2021f|2021
K|2020f|
|Room hire|316,142|316,142|270,541|
|Nursery
income|382,692|382,692|506,037|
|Events|||2,388|
|Fundraising|||7,986|
|Solar panels|4,336|4,336|4,219|
|Consultancy|8,855|8,855|32,183|
|Miscellaneous|27,555|27,555|11,059|
|Total 2021|739,580|739,580|834,413|
##
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||||Unrestricted|Total|Total|
|---|---|---|---|---|---|
||||funds|funds|funds|
||||2021|2021f|2020|
|Rental provision|||28,267|28,267|174,430|
|Catering
income|||10,396|10,396|119,708|
|Private events|||73|73|31,918|
|Other income|||23,826|23,826|2,323|
|Total2021|||62,562|62,562|328,379|
|Analysis ofexpenditure||by activities||||
||||Activities|||
||||undertaken|Support|Total|
||||directly|costs|funds|
||||2021f|2021|2021f|
|Expenditure|on charitable|activities|1,119,800|35,956|1,155,756|
||||Activities|||
||||undertaken|Support|Total|
||||directly|costs|funds|
||||2020f|2020|2020f|
|Expenditure|on charitable|activities|991,559|42,117|1,033,676|
##
##
##
|||||Other||
|---|---|---|---|---|---|
||||Governance|support|Total|
||||costs|costs|funds|
||||2021|2021|2021|
||||E||E|
|Audit and accountancy|fees||6,750||6,750|
|Legal and other professional||costs||29,174|29,174|
|Total 2021|||6,750|29,174|35,924|
|||||Other||
||||Governance|support|Total|
||||costs|costs|funds|
||||2020|2020|2020|
|||||E||
|Interest||||1,193|1,193|
|Other||||11,772|11,772|
|Audit and accountancy|fees||7,300||7,300|
|Legal and other professional||costs||21,852|21,852|
|Total 2020|||7,300|34,817|42,117|
##
|Net incoming|/ou|tgoing
resources|||
|---|---|---|---|---|
||||2021|2020|
||||E|E|
|Audit fees|||6,750|3,700|
|Other non-audit||services|1,500|3,600|
|Loss on disposal||offixed assets||303|
|Depreciation|offixed assets||122,896|119,526|
||||131,146|127,129|
##
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##
|||||||Group|Group|Charity|Charity|
|---|---|---|---|---|---|---|---|---|---|
|||||||2021|2020|2021|2020|
|||||||E|F||E|
|Wages and||salaries||||741,434|792,166|687,084|597,935|
|Social security costs||||||41,416|42,934|41,416|42,934|
|Contribution||to defined|contribution||pension|||||
|schemes||||||30,868|32,830|30,868|32,830|
|||||||813,718|867,950|759,368|673,699|
|The average||number|ofpersons|employed||by the charity during|the year was as follows:|||
|||||||||Group|Group|
|||||||||2021|2020|
|||||||||No.|No.|
|Management||||||||7|7|
|Engaged|in|charitable|activities|||||51|64|
|||||||||58|71|
##
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##
||Long-term|||||
|---|---|---|---|---|---|
||leasehold|Fixtures and|Office|Computer||
||property|fittings
f|equipment
f|equipment
F|'Total
K|
|Cost||||||
|At 1 April 2020|677,451|442,306|391653|35,142|1,194,552|
|Additions||278,062||14,417|292,479|
|At 31 March 2021|677,451|720,368|39,653|49,559|1,487,031|
|Depreciation||||||
|At 1 April 2020|202,283|244,301|37331|13,557|497,472|
|Charge for the year|63,463|48,006|348|11,079|122,896|
|At 31 March 2021|265,746|292,307|37,679|24,636|620,368|
|Net book value||||||
|At 31 March 2021|411,705|428,061|1,974|24,923|866,663|
|At 31 March 2020|475,168|198,005|2,322|21,585|697,080|
##
##
##
||l ong-term|||||
|---|---|---|---|---|---|
||leasehold|Fixtures and|Office|Computer||
||property
E|fittings
F|equipment|equipment
f|Total
E.|
|Cost||||||
|At 1 April 2020|676,293|338,924|39,653|35,142|1,090,012|
|Additions||278,062||14,417|292,479|
|At 31 March 2021|676,293|616,986|39,653|49,559|1,382,491|
|Depreciation||||||
|At 1 April 2020|201,124|193,739|37331|13,557|445,751|
|Charge for the year|63,463|40,083|348|11,079|114,973|
|At 31 March 2021|264,587|233,822|37,679|24,636|560,724|
|Net book value||||||
|At 31 March 2021|411,706|383,164|1,974|24,923|821,767|
|At 31 March 2020|475,169|145,185|2,322|21,585|644,261|
##
##
|||||Listed|
|---|---|---|---|---|
|||||investments|
|Group|||||
|Cost|||||
|At 1 April 2020||||109,318|
|At 1 Apdil 2020||||109,318|
|Revaluations||||29,532|
|At 31 March 2021||||138,850|
|Net book value|||||
|At 31Ilarch 2021||||138,850|
|At 31 March 2020||||109,318|
||Investments||||
||in||||
||subsidiary||Listed||
|Charity|companies|f|investments
f|Totalf|
|Cost|||||
|At 1 April 2020|||109,318|109,319|
|Revaluations|||29,532|29,532|
|At 31 March 2021||1|138,850|138,851|
|Net book value|||||
|At 31 March 2021||1|138,850|138,851|
|At 31 March 2020||1|109,318|109,319|
##
##
##
##
||Principal sub|Principal sub|sidiaries|sidiaries|sidiaries||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||The following||was a subsidiary|||undertaking||ofthe|charity:||||||||
||Name||||Company||Country of||Principal||Class|of|Holding|Included||in|
||||||number||incorporation||activity||shares|||consolidation|||
||Linskill Trading|||Limited|09849507||England|and|The operation|of|Ordinary||100A|Yes|||
||||||||Wales||rental facilities,||||||||
||||||||||catering and||||||||
||||||||||events services||||||||
||The financial||results ofthe subsidiary||||for the year||were:||||||||
||Name|||||||Income
f.
Expendituref||||Profit/(Loss)
/ Surplus/||Net|assets||
|||||||||||||(Deficit) for|||||
||||||||||||||the year||||
||Linskill|Trading||Limited||||96,762
(85,538)|||||11,224||28,340||
|13.|Stocks||||||||||||||||
||||||||||||||Group|||Group|
||||||||||||||2021
E|||2020f|
||Raw materials|||and consumables|||||||||3,766|||4,207|
|14.|Debtors||||||||||||||||
||||||||||Group||Group||Charity||Charity||
||||||||||2021f||2020
F||2021|||2020|
||Amounts|owed||by group undertakings|||||||||12,500||||
||Trade debtors||||||||16,245||55,784||13,884||43,391||
||Amounts|owed||by group undertakings|||||||||60,069||22,909||
||Other debtors||||||||360||1,411||||||
||Prepayments||and accrued income||||||13,481||2,616||13,481|||2,616|
||||||||||301086||59,811||99,934||68,916||
##
##
||||||Group|Group|Charity|Charity|
|---|---|---|---|---|---|---|---|---|
||||||2021f|2020
F|2021|2020|
|Other loans (note 16)|||||11,626||11,626||
|Trade creditors|||||23,553|56,129|22,841|53,168|
|Other taxation and||social security|||19,971|17,884|19,837|14,538|
|Accruals|and deferred||income||85,548|38,581|80,627|29,671|
||||||140,698|112,594|134,931|97,377|
||||||Group|Group|Charity|Charity|
||||||2021|2020|2021|2020|
|||||||F|||
|Deferred|income at 1||April 2020||8,364|25,344|8,364|25,344|
|Resources deferred||dudng the year|||49,254|8,364|46,430|8,364|
|Amounts|released|from previous||periods|(8,364)|(25,344)|(8,364)|(25,344)|
||||||49,254|8,364|46,430|8,364|
||||Group|Group|Charity|Charity|
|---|---|---|---|---|---|---|
||||2021
K|2020|2021f|2020
E|
|Other|loans|'I|37,091||137,091||
##
##
##
##
|St|atem|ent|offunds - cur|rent year|||||
|---|---|---|---|---|---|---|---|---|
|||||||||Balance at|
||||Balance at 1|||Transfers|Gains/|31 March|
||||April 2020
E|Income|Expenditure
K|in/out
E|(Losses)
E|2021
f|
|Designated|funds||||||||
|Continuation||of|||||||
|service|||76,000|||(76,000)|||
|Building|||150,000|||(50,000)||100,000|
|Strategic|||||||||
|development|||38,267|||(38,267)|||
||||264,267|||(164,267)||100,000|
|General funds|||||||||
|General funds||||1,011,132|(793,8'70)|164,267|29,532|411,061|
|Total Unrestricted|||||||||
|funds|||264,267|1,011,132|(793,870)||29,532|511,061|
|Restricted funds|||||||||
|Big build|||476,228||(78,130)|||398,098|
|Shedders|||92,805|20,?85|(9,837)|||103,753|
|Refurbishments||&|||||||
|environmental|||||||||
|upgrades|||34,199|98,340|(36,580)|||95,959|
|Covid-19 support|||5,440|235,078|(238,159)|||2,359|
|Community|||||||||
|development|||40,738|67,148|(58,332)|||49,554|
|Children
& young|||||||||
|people|||29,037|3,609|(12,100)|||20,546|
|Marketing|||8,919||(2,978)|||5,941|
|Small capital|||||||||
|grants|||14,656||(1,937)|||12,719|
||||702,022|424,960|(438,053)|||688,929|
|Total offunds|||966,289|1,436,092|(1,231,923)||29,532|1,199,990|
##
##
|Statement|of|fun|ds - prior year||||||
|---|---|---|---|---|---|---|---|---|
|||||||||Balance at|
||||Balance at|||Transfers|Gains/|31 March|
||||1 April 2019|Income
E|Expenditure|in/outf|(Losses)|2020f|
|Designated|||||||||
|funds|||||||||
|Continuation||of|||||||
|service|||76,000|||||76,000|
|Building|||150,000|||||150,000|
|Strategic|||||||||
|development|||46,549|1,181,553|(1,181,975)|(2,000)|(5,860)|38,267|
||||272,549|1,181,553|(1,181,975)|(2,000)|(5,860)|264,267|
|Restricted|||||||||
|funds|||||||||
|Big build|||562,019|18,564|(104,355)|||476,228|
|Shedders||||97,777|(4,972)|||92,805|
|Refurbishments|||||||||
|8 environmental|||||||||
|upgrades|||14,566|21,900|(2,267)|||34,199|
|Covid-19|||||||||
|support||||6,750|(1,310)|||5,440|
|Community|||||||||
|development|||14,312|57,383|(30,957)|||40,738|
|Children|8||||||||
|young people|||19,844|19,550|(10,358)|||29,036|
|Marketing||||10,000|(1,081)|||8,919|
|Small capital|||||||||
|grants|||18,004|1,650|(6,997)|2,000||14,657|
||||628,745|233,574|(162,297)|2,000||702,022|
|Total of|funds||901,294|1,415,127|(1,344,272)||(5,860)|966,289|
##
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|Analysis|ofnet assets between funds - current|year|||
|---|---|---|---|---|
|||Unrestricted|Restricted|Total|
|||funds|funds|funds|
|||2021|2021|2021|
||||F|E|
|Tangible|fixed assets|306,970|559,693|866,663|
|Fixed asset investments||138,850||138,850|
|Current|assets|343,030|129,236|472,266|
|Creditors|due within one year|(140,698)||(140,698)|
|Creditors|due in more than one year|(137,091)||(137,091)|
|Total||511,061|688,929|1,199,990|
|||Unrestricted|Restricted|Total|
|---|---|---|---|---|
|||funds|funds|funds|
|||2020|2020|2020|
|||E|||
|Tangible|fixed assets|174,190|522,890|697,080|
|Fixed asset investments||109,318||109,318|
|Current|assets|93,353|179,132|272,485|
|Creditors|due within one year|(112,594)||(112,594)|
|Ttl||264,267|702,022|966,289|
##
##
|19.|Reconciliation
ofn|et|movement|in fund|s to net cas|h flow fro|m operating|activities||
|---|---|---|---|---|---|---|---|---|---|
|||||||||Group|Group|
|||||||||2021f|2020f|
||Net income for the year (as per Statement||||of Financial|Activities)||233,701|64,995|
||Adjustments
for:|||||||||
||Depreciation
charges|||||||122,896|128,847|
||(Gains)Rosses
on investments|||||||(29,532)|5,880|
||Decrease in stocks|||||||441|3,380|
||Decrease in debtors|||||||29,725|41,703|
||Increase/(decrease)|in|creditors|||||16,478|(33,593)|
||Net cash provided|by|operating|activities||||373,709|211,192|
|20.|Analysis ofcash and||cash equivalents|||||||
|||||||||Group|Group|
|||||||||2021f|2020|
||Cash in hand|||||||438,414|208,467|
||Total cash and cash equivalents|||||||438,414|208,467|
|21.|Analysis ofchanges||in net debt|||||||
||||||||At 1 April||At 31 March|
||||||||2020
f|Cash flows
f|2021
f|
||Cash at bank and in|hand|||||20&,467|229,947|438,414|
||Debt due within
1 year|||||||(11,626)|(11,626)|
||Debt due after 1 year|||||||(137,091)|(137,091)|
||||||||208,467|81,230|289,697|
##
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