#
##
##
||||Page|
|---|---|---|---|
|Reference and administrative|details|||
|Chief Executive's
statement||||
|Trustees'
report|||3-10|
|Trustees'
responsibilities
statement||||
|Independent
auditor's
report|on the|financial statements|12-15|
|Consolidated
statement
offinancial||activities|16|
|Consolidated
balance sheet|||17|
|Charity balance sheet|||18|
|Consolidated
statement
ofcash flows|||19|
|Notes to the financial statements|||20-41|
##
##
|Trustees|||J Prendergast,|J Prendergast,|J Prendergast,|Chairman|
|---|---|---|---|---|---|---|
||||D J Entwisle||(Resigned 2 August 2022)||
||||E Patience||||
||||M JWood||||
||||S McLoughlin||||
||||A M Watson||||
||||H Alderson||(Resigned 2August 2022)||
||||L C Lowther||(Resigned 16March 2022)||
||||A R Muffitt||||
|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||||
||||32Gallowgate||||
||||Newcastle||upon Tyne||
||||Tyne and Wear||||
||||NE1 4SN||||
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|||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|
|||funds|funds|funds|funds|
|||2022|2022|2022|2021|
||Note|E|E|E|F|
|Income from:||||||
|Donations
and legacies|5|11,922|282,984|294,906|633,950|
|Charitable
activities|6|1,045,301||1,045,301|739,580|
|Other trading
activities|7|273,059||273,059|62,562|
|Total income||1,330,282|282,984|1,613,266|1,436,092|
|Expenditure
on:||||||
|Raising funds||226,090||226,090|76,167|
|Charitable
activities|8|1,072,061|269,763|1,341,824|1,155,756|
|Total expenditure||1,298,151|269,763|1,567,914|1,231,923|
|Net gains on investments|13|10,121||10,121|29,532|
|Net movement
in funds||42,252|13,221|55,473|233,701|
|Reconciliation
offunds:||||||
|Total funds brought
forward||511,061|688,929|1,199,990|966,289|
|Net movement
in funds||42,252|13,221|55,473|233,701|
|Total funds carried forward||553,313|702,150|1,255,463|1,199,990|
##
##
|||||2022||2021|
|---|---|---|---|---|---|---|
|||Note||E||E|
|Fixed assets|||||||
|Tangible assets||12||924,762||866,663|
|Investments||13||148,972||138,850|
|||||1,073,734||1,005,513|
|Current assets|||||||
|Stocks||14|5,318||3,766||
|Debtors||15|55,811||30,086||
|Cash at bank and|in hand||450,572||438,414||
||||511,701||472,266||
|Creditors: amounts|falling due within one||||||
|year||16|(154,263)||(140,698)||
|Net current assets||||357,438||331,568|
|Total assets less|current liabilities|||1,431,172||1,337,081|
|Creditors: amounts|falling due after more||||||
|than one year||17||(175„709)||(137,091)|
|Total net assets||||1,255,463||1,199,990|
|Charity funds|||||||
|Restricted
funds||18||702,150||688,929|
|Unrestricted
funds||18||553,313||511,061|
|Total funds||||1,255,463||1,199,990|
##
##
|||||2022||2021|
|---|---|---|---|---|---|---|
|||Note||E||f.|
|Fixed assets|||||||
|Tangible assets||12||881,214||821,767|
|Investments||13||148,972||138,851|
|||||1,030,186||960,618|
|Current assets|||||||
|Debtors||15|52,506||99,934||
|Cash at bank and in hand|||386,224||383,122||
||||438,730||483,056||
|Creditors: amounts|falling due within one||||||
|year||16|(138,890)||(134,931)||
|Net current assets||||299,840||348,125|
|Total assets less current liabilities||||1,330,026||1,308,743|
|Creditors: amounts|falling due after more||||||
|than one year||17||(175,709)||(137,091)|
|Total net assets||||1,154,317||1,171,652|
|Charity funds|||||||
|Restricted
funds||18||702,150||688,929|
|Unrestricted
funds||18||452,167||482,723|
|Total funds||||1,154,317||1,171,652|
##
##
||||2022f|2021
F|
|---|---|---|---|---|
|Net cash used in operating
activities|||173,138|373,709|
|Cash flows from investing
activities|||||
|Purchase
oftangible
fixed assets|||(205,636)|(292,479)|
|Net cash used in investing
activities|||(205,636)|(292,479)|
|Cash flows from financing
activities|||||
|Cash inflows from new borrowing|||107,000|152,500|
|Repayments
of borrowing|||(62,344)|(3,783)|
|Net cash provided
by financing
activities|||44,656|148,717|
|Change
in cash and cash equivalents|in|the year|12,158|229,947|
|Cash and cash equivalents
at the beginning||ofthe year|438,414|208,467|
|Cash and cash equivalents
at the end of||the year|450,572|438,414|
|The notes on pages 20to 41 form part ofthese financial statements|||||
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||||Unrestricted|Restricted|Total|
|---|---|---|---|---|---|
||||funds|funds|funds|
||||2022|2022|2022|
||||f||F|
|Donations|||1,918||1,918|
|Grants receivable||||282,984|282,984|
|Government|grants||10,004||10,004|
|Total donations||and legacies|11,922|282,984|294,906|
||||Unrestricted|Restricted|Total|
||||funds|funds|funds|
||||2021|2021|2021|
||||E|F||
|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|Total|Total|
|---|---|---|---|
||funds|funds|funds|
||2022|2022|2021|
||E|f.|E|
|Room hire|313,196|313,196|316,142|
|Nursery
income|670,752|670,752|382,692|
|Fundraising|480|480||
|Solar panels|4,579|4,579|4,336|
|Consultancy|2,157|2,157|8,855|
|Miscellaneous|54,137|54„137|27,555|
|Total 2022|1,045,301|1,045,301|739,580|
##
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##
||Unrestricted|Total|Total|
|---|---|---|---|
||funds|funds|funds|
||2022f|2022|2021
E|
|Rental provision|177,686|177,686|28,267|
|Catering
income|74,589|74,589|10,396|
|Private events|11,328|11,328|73|
|Other income|9,456|9,456|23,826|
|Total 2022|273,059|273,059|62,562|
##
|||||Activities|||
|---|---|---|---|---|---|---|
|||||undertaken|Support|Total|
|||||directly|costs|funds|
|||||2022|2022
E|2022f|
|Expenditure|on|charitable|activities|1,306,889|34,935|1,341,824|
|||||Activities|||
|||||undertaken|Support|Total|
|||||directly|costs|funds|
|||||2021|2021|2021|
|||||F||F|
|Expenditure|on|charitable|activities|1,119,800|35,956|1,155,756|
##
##
||||Other||
|---|---|---|---|---|
|||Governance|support|Total|
|||costs|costs|funds|
|||2022|2022|2022|
|Interest|||1,659|1,659|
|Other|||3,696|3,696|
|Audit and accountancy fees||7,100||7,100|
|Legal and other professional|costs||22,480|22,480|
|Total 2022||7,100|27,835|34,935|
||||||Other||
|---|---|---|---|---|---|---|
|||||Governance|suppoii|Total|
|||||costs|costs|funds|
|||||2021|2021|2021|
|||||F||f.|
||Audit and accountancy|fees||6,750||6,750|
||Legal and other professional||costs||29,206|29,206|
||Total 2021|||6,750|29,206|35,956|
|9.|Net incomingloutgoing|resources|||||
|Net incomin|glou|tgoing
resources|||
|---|---|---|---|---|
||||2022|2021|
|Audit fees|||7,100|6,750|
|Other non-audit||services|1,500|1,500|
|Loss on disposal||offixed assets|||
|Depreciation|of|fixed assets|147,537|122,896|
||||156,137|131,146|
##
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##
|Staffcost|s||||||||
|---|---|---|---|---|---|---|---|---|
||||||Group|Group|Charity|Charity|
||||||2022|2021|2022|2021|
||||||E.||F|F|
|Wages and||salaries|||800,126|741,434|670,369|687,084|
|Social security costs|||||38,891|41,416|38,891|41,416|
|Contribution||to defined|contribution|pension|||||
|schemes|||||29,799|30,868|29,799|30,868|
||||||868,816|813,718|739,059|759,368|
|The average||number|ofpersons employed||by the charity during the year was as follows:||||
||||||||Group|Group|
||||||||2022|2021|
||||||||No.|No.|
|Management|||||||7|6|
|Engaged|in|charitable|activities||||54|52|
||||||||61|58|
##
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##
##
||Long-term|||||
|---|---|---|---|---|---|
||leasehold|Fixtures and|Office|Computer||
||property
F|fittings
F|equipment
f|equipment
F|Total|
|Cost||||||
|At 1 April 2021|686,451|720,368|39,653|49,559|1,496,031|
|Additions||205,636|||205,636|
|Disposals|||(36,887)||(36,887)|
|At 31 March 2022|686,451|926,004|2,766|49,559|1,664,780|
|Depreciation||||||
|At 1 April 2021|274,746|292,307|37,679|24,636|629,368|
|Charge for the year|56,055|78,519|296|12,667|147,537|
|On disposals|||(36,887)||(36,887)|
|At 31 March 2022|330,801|370,826|1,088|37,303|740,018|
|Net book value||||||
|At 31 March 2022|355,650|555,178|1,678|12,256|924,762|
|At 31 March 2021|411,705|428,061|1,974|24,923|866,663|
##
##
||Long-term|||||
|---|---|---|---|---|---|
||leasehold|Fixtures and|Office|Computer||
||property
E|fittings
f.|equipment
E|equipment|Totalf|
|Cost||||||
|At 1 April 2021|676,293|616,986|39,653|49,559|1,382,491|
|Additions||199,920|||199,920|
|Disposals|||(36,887)||(36,887)|
|At 31 March 2022|676,293|816,906|2,766|49,559|1,545,524|
|Depreciation||||||
|At 1 April 2021|264,587|233,822|37,679|24,636|560,724|
|Charge for the year|56,055|71,455|296|12,667|140,473|
|On disposals|||(36,887)||(36,887)|
|At 31 March 2022|320,642|305,277|1,088|37,303|664,310|
|Net book value||||||
|At 31 March 2022|355,651|511,629|1,678|12,256|881,214|
|At 31 March 2021|411,706|383,164|1,974|24,923|821,767|
##
##
##
||Investments|||
|---|---|---|---|
||in|||
||subsidiary|Listed||
||companies|investments|Total|
|Group|E|E|K|
|Cost or valuation||||
|At 1 April 2021||138,850|138,851|
|Revaluations||10,121|10,121|
|At 31 March 2022|1|148,971|148,972|
|Net book value||||
|At 31 March 2022||148,971|148,972|
|At 31 March 2021||138,850|138,851|
##
##
||Investments|||
|---|---|---|---|
||in|||
||subsidiary|Listed||
||companies|investments|Total|
|Charity||F|F|
|Cost or valuation||||
|At 1 April 2021||138,850|138,851|
|Revaluations||10,121|10,121|
|At 31 March 2022||148,971|148,972|
|Net book value||||
|At 31 March 2022||148,971|148,972|
|At 31 March 2021||138,850|138,851|
##
|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|100%|Yes||
|||||Wales||rental facilities,||||||
|||||||catering and||||||
|||||||events services||||||
##
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##
||||||||Group|Group|
|---|---|---|---|---|---|---|---|---|
||||||||2022|2021|
||Raw materials|||and consumables|||5,318|3,766|
|15.|Debtors||||||||
||||||Group|Group|Charity|Charity|
||||||2022|2021|2022|2021|
||||||F|F|F|F|
||Due after|more than one year|||||||
||Amounts|owed||by group undertakings||||12,500|
||Due within one year||||||||
||Trade debtors||||51,387|16,245|33,950|13,884|
||Amounts|owed||by group undertakings|||14,132|60,069|
||Other debtors|||||360|||
||Prepayments||and accrued income||4,424|13,481|4,424|13,481|
||||||55,811|30,086|52,508|99,934|
##
##
##
|||||||Group|Group|Charity|Charity|
|---|---|---|---|---|---|---|---|---|---|
|||||||2022|2021|2022|2021|
|||||||E||E|E|
|Bank loans||||||8,706||8,706||
|Other loans (note 16)||||||12,396|11,626|12,396|11,626|
|Trade creditors||||||27,000|23,553|24,902|22,841|
|Other taxation||and|social security|||19,533|19,971|17,986|19,837|
|Accruals|and deferred|||income||86,628|85,548|74,900|80,627|
|||||||154,263|140,698|138,890|134,931|
|||||||Group|Group|Charity|Charity|
|||||||2022|2021|2022|2021|
|||||||E|E||E|
|Deferred|income at 1|||April 2021||49,254|8,364|46,430|8,364|
|Resources deferred|||during the year|||63,285|49,254|52,972|46,430|
|Amounts|released||from previous||periods|(49,254)|(8,364)|(46,430)|(8,364)|
|||||||63,285|49,254|52,972|46,430|
##
|||Group|Group|Charity|Charity|
|---|---|---|---|---|---|
|||2022|2021|2022|2021|
|||E|E|E|E|
|Bank|loans|41,294||41,294||
|Other|loans|134,415|137,091|134,415|137,091|
|||175,709|137,091|175,709|137,091|
##
##
|Statement offu|nds|- current|year|||||
|---|---|---|---|---|---|---|---|
||||||||Balance at|
||||Balance at 1|||Gains/|31 March|
||||April 2021|Income|Expenditure|(Losses)|2022|
||||E|E|E|E|E|
|Designated
funds||||||||
|Building|||100,000||(100,000)|||
|General funds||||||||
|General funds|||411,061|1,330,282|(1,198,151)|10,121|553,313|
|Total Unrestricted||funds|511,061|1,330,282|(1,298,151)|10,121|553,313|
|Restricted funds||||||||
|Big build|||398,098||(78,062)||320,036|
|Shedders|||103,753|21,778|(28,086)||97,445|
|Refurbishments|8|||||||
|environmental|upgrades||95,959|72,000|(19,003)||148,956|
|Covid-19 support|||2,359||(834)||1,525|
|Community
development|||49,554|58,792|(71,392)||36,954|
|Children
&young|people||20,546|83,549|(66,009)||38,086|
|Marketing|||5,941|46,865|(4,222)||48,584|
|Small capital grants|||12,719||(2,155)||10,564|
||||688,929|282,984|(269,763)||702,150|
|Total offunds|||1,199,990|1,613,266|(1,567,914)|10,121|1,255,463|
##
##
|Statement offunds|Statement offunds|Statement offunds|(continued)|||||||
|---|---|---|---|---|---|---|---|---|---|
|Statement offunds|||- prior year|||||||
|||||||||Balance at||
||||Balance at|||Transfers||Gains/|31 March|
|||1|April 2020|Income|Expenditure||in/out|(Losses)|2021|
||||E|||||||
|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||(793,870)|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|20,785||(9,837)|||103,753|
|Refurbishments||&||||||||
|environmental||||||||||
|upgrades|||34,199|98,340||(36,580)|||95,959|
|Covid-1 9support|||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|
##
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##
|Analysis ofnet assets between funds
Analysis ofnet assets between funds - current|year|||
|---|---|---|---|
||Unrestricted|Restricted|Total|
||funds|funds|funds|
||2022|2022|2022|
||E||F|
|Tangible fixed assets|403,797|520,965|924,762|
|Fixed asset investments|148,972||148,972|
|Current assets|330,516|181,185|511,701|
|Creditors due within one year|(154,263)||(154,263)|
|Creditors due in more than one year|(175,709)||(175,709)|
|Total|553,313|702,150|1,255,463|
|Analysis ofnet assets between
funds - prior y|ear|||
|---|---|---|---|
||Unrestricted|Restricted|Total|
||funds|funds|funds|
||2021|2021|2021|
||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)|
||511,061|688,929|1,199,990|
##
##
||||||||Group|Group|
|---|---|---|---|---|---|---|---|---|
||||||||2022|2021|
||||||||F||
||Net income for the year (as per Statement|||||of Financial Activities)|55,473|233,701|
||Adjustments|for:|||||||
||Depreciation|charges|||||147,537|122,896|
||Gains on investments||||||(10,121)|(29,532)|
||(Increase)/decrease||in|stocks|||(1,552)|441|
||(Increase)/decrease||in|debtors|||(12,703)|29,725|
||(Decrease)/increase||in creditors||||(5,496)|16,478|
||Net cash provided||by operating||activities||173,138|373,709|
|21.|Analysis of|cash and||cash equivalents|||||
||||||||Group|Group|
||||||||2022|2021|
|||||||||E|
||Cash in hand||||||450,572|438,414|
|22.|Analysis of|changes||in net debt|||||
||||At 1 April||At 31 March|
|---|---|---|---|---|---|
||||2021|Cash flows|2022|
|||||F|f.|
||||E|||
|Cash|at bank and|in hand|438,414|12,158|450,572|
|Debt|due within
1|year|(11,626)|(9,476)|(21,102)|
|Debt|due after 1 year||(137,091)|(38,618)|(175,709)|
||||289,697|(35,936)|253,761|
##
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