##
##
|||||Page|
|---|---|---|---|---|
|Reference and administrative||details|||
|Chief Executive's statement|||||
|Trustees'
report||||3-12|
|Trustees'
responsibilities
statement||||13|
|Independent
auditor's|report|on the financial statements||14-17|
|Consolidated
statement|offinancial||activities|18|
|Consolidated
balance|sheet|||19|
|Charity balance sheet||||20|
|Consolidated
statement|ofcash flows|||21|
|Notes to the financial statements||||22-44|
##
##
|Trustees|||J Prendergast,|J Prendergast,|Chairman|Chairman|Chairman||
|---|---|---|---|---|---|---|---|---|
||||DJ Entwisle (resigned||||2August 2022)||
||||EPatience||||||
||||M JWood|(resigned||24||January 2023)|
||||SA McLoughlin||||||
||||A M Watson||||||
||||H Alderson|(resigned|||2 August 2022)||
||||A R Muffitt||||||
||||R Boston (appointed|||21||March 2023)|
||||BJ Fitzgerald
(appointed|||||21 March 2023)|
||||SA Smith|(appointed|||21 March 2023)||
|Company|registered||||||||
|number|||04827255||||||
|Charity registered|||||||||
|number|||1119143||||||
|Registered||office|The Linskill|Centre|||||
||||I inskill 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||||||
||||NE1 4SN||||||
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||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|
||||funds|funds|funds|funds|
||||2023|2023|2023|2022|
|||Note|||F||
|Income from:|||||||
|Donations
and legacies|||10,064|233,074|243,138|294,906|
|Charitable
activities|||1,156,365||1,156,365|1,045,301|
|Other trading
activities|||398,566||398,566|273,059|
|Total income|||1,564,995|233,074|1,798,069|1,613,266|
|Expenditure
on:|||||||
|Raising funds|||298,676||298,676|226,090|
|Charitable
activities|||1,260,240|253,678|1,513,918|1,341,824|
|Total expenditure|||1,558,916|253,678|1,812,594|1,567,914|
|Net (losses)/gains|on investments|13|(4,750)||(4,750)|10,121|
|Net movement
in|funds||1,329|(20,604)|(19,275)|55,473|
|Reconciliation
of|funds:||||||
|Total funds brought|forward||553,313|702,150|1,255,463|1,199,990|
|Net movement
in funds|||1,329|(20,604)|(19,275)|55,473|
|Total funds carried forward|||554,642|681,546|1,236,188|1,255,463|
##
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##
|||||2023||2022|
|---|---|---|---|---|---|---|
|||Note|||||
|Fixed assets|||||||
|Tangible assets||12||1,001,128||924,762|
|Investments||13||144,222||148,972|
|||||1,145,350||1,073,734|
|Current assets|||||||
|Stocks||14|7,326||5,318||
|Debtors||15|104,629||55,811||
|Cash at bank and|in hand||355,589||450,572||
||||467,544||511,701||
|Creditors: amounts|falling due within one||||||
|year||16|(227,124)||(154,263)||
|Net current assets||||240,420||357,438|
|Total assets less|current liabilities|||1,385,770||1,431,172|
|Creditors: amounts|falling due after more||||||
|than one year||17||(139,342)||(175,709)|
|Provisions
for liabilities||18||(10,240)|||
|Total net assets||||1,236,188||1,255,463|
|Charity funds|||||||
|Restricted
funds||19||681,546||702,150|
|Unrestricted
funds||19||554,642||553,313|
|Total funds||||1,236,188||1,255,463|
##
##
##
|||Note||2023f||2022|
|---|---|---|---|---|---|---|
|Fixed assets|||||||
|Tangible assets||12||947,232||881,214|
|Investments||13||144,223||148,972|
|||||1,091,455||1,030,186|
|Current assets|||||||
|Debtors||15|74,955||52,506||
|Cash at bank and|in hand||272,183||386,224||
||||347,138||438,730||
|Creditors: amounts|falling due within one||||||
|year||16|(217,871)||(138,890)||
|Net current assets||||129,267||299,840|
|Total assets less|current liabilities|||1,220,722||1,330,026|
|Creditors: amounts|falling due after more||||||
|than one year||17||(139,342)||(175,709)|
|Total net assets||||1,081,380||1,154,317|
|Charity funds|||||||
|Restricted funds||19||681,546||702,150|
|Unrestricted
funds||19||399,834||452,167|
|Total funds||||1,081,380||1,154,317|
##
##
||||||2023|2022|
|---|---|---|---|---|---|---|
||||||F||
|Net cash used
in operating|activities||||148,672|173,138|
|Cash flows from investing||activities|||||
|Purchase oftangible
fixed assets|||||(233,212)|(205,636)|
|Net cash used in investing||activities|||(233,212)|(205,636)|
|Cash flows from financing||activities|||||
|Cash inflows from new borrowing|||||107,150|107,000|
|Repayments
of borrowing|||||(117,593)|(62,344)|
|Net cash (used in)/provided||by financing||activities|(10,443)|44,656|
|Change
in cash and cash||equivalents|in|the year|(94,983)|12,158|
|Cash and cash equivalents||at the beginning||ofthe year|450,572|438,414|
|Cash and cash equivalents||at the end of||the year|355,589|450,572|
|The notes on pages 22 to 44 form part ofthese financial statements|||||||
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||||Unrestricted|Restricted|Total|
|---|---|---|---|---|---|
||||funds|funds|funds|
||||2023|2023|2023|
|Donations|||10,064||10,064|
|Grants receivable||||233,074|233,074|
|Total donations||and legacies|10,064|233,074|243,138|
||||Unrestricted|Restricted|Total|
||||funds|funds|funds|
||||2022|2022|2022|
|||||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|Total|Total|
|---|---|---|---|
||funds|funds|funds|
||2023|2023|2022|
|Room hire|279,020|279,020|313,196|
|Nursery
income|834,021|834,021|670,752|
|Fundraising|681|681|480|
|Solar panels|4,688|4,688|4,579|
|Consultancy|6,082|6,082|2,157|
|Miscellaneous|31,873|31,873|54,137|
|Total 2023|1,156,365|1,156,365|1,045,301|
##
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##
##
||Unrestricted|Total|Total|
|---|---|---|---|
||funds|funds|funds|
||2023|2023|2022|
|Rental provision|230,536|230,536|177,686|
|Catering
income|123,769|123,769|74,589|
|Private events|44,261|44,261|11,328|
|Other income|||9,456|
|Total2023|398,566|398,566|273,059|
##
##
|||||Activities|||
|---|---|---|---|---|---|---|
|||||undertaken|Support|Total|
|||||directly|costs|funds|
|||||2023|2023|2023|
|||||||F|
|Expenditure|on|charitable|activities|1,472,086|41,832|1,513,918|
|||||Activities|||
|---|---|---|---|---|---|---|
|||||undertaken|Support|Total|
|||||directly|costs|funds|
|||||2022|2022|2022|
|||||F|||
|Expenditure|on|charitable|activities|1,306,889|34,935|1,341,824|
##
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##
##
||||Other||
|---|---|---|---|---|
|||Governance|support|Total|
|||costs|costs|funds|
|||2023|2023|2023|
|||E|F||
|Interest|||2,491|2,491|
|Other|||3,282|3,282|
|Audit and accountancy fees||15,000||15,000|
|Legal and other professional|costs||21,059|21,059|
|Total 2023||15,000|26,832|41,832|
|||||Other||
|---|---|---|---|---|---|
||||Governance|support|Total|
||||costs|costs|funds|
||||2022|2022|2022|
||||F|||
|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|
##
|Net incomin|g/ou|tgoing
resources|||
|---|---|---|---|---|
||||2023|2022|
|Audit fees|||15,000|7,100|
|Other non-audit||services|3,000|1,500|
|Depreciation|of|fixed assets|156,846|147,537|
||||174,846|156,137|
##
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##
|Staff costs||||||||
|---|---|---|---|---|---|---|---|
|||||Group|Group|Charity|Charity|
|||||2023|2022|2023|2022|
||||||||F|
|Wages and|salaries|||903,248|800,126|741,599|670,369|
|Social security costs||||54,175|38,891|54,175|38,891|
|Contribution|to defined|contribution|pension|||||
|schemes||||33,924|29,799|33,924|29,799|
|||||991,347|868,816|829,698|739,059|
|||||Group|Group|
|---|---|---|---|---|---|
|||||2023|2022|
|||||No.|No.|
|Management||||6||
|Engaged|in|charitable|activities|58||
|||||64|61|
##
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##
||Long-term|||||
|---|---|---|---|---|---|
||leasehold|Fixtures and|Office|Computer||
||property
f|fittings|equipment
E|equipment|Total|
|Cost||||||
|At 1 April 2022|676,293|926,004|2,766|49,559|1,654,622|
|Additions||225,299||7,913|233,212|
|At 31 March 2023|676,293|1,151,303|2,766|57,472|1,887,834|
|Depreciation||||||
|At 1 April 2022|320,643|370,826|1,088|37,303|729,860|
|Charge for the year|47,644|100,048|252|8,902|156,846|
|At 31 March 2023|368,287|470,874|1,340|46,205|886,706|
|Net book value||||||
|At 31 March 2023|308,006|680,429|1,426|11,267|1,001,128|
|At 31 March 2022|355,650|555,178|1,678|12,256|924,762|
##
##
##
##
||Long-term|||||
|---|---|---|---|---|---|
||leasehold|Fixtures and|Office|Computer||
||property|fittings|equipmentf|equipment|Total
f.|
|Cost||||||
|At 1 April 2022|676,293|816,906|2,766|49,559|1,545,524|
|Additions||206,368||7,913|214,281|
|At 31 March 2023|676,293|1,023,274|2,766|57,472|1,759,805|
|Depreciation||||||
|At 1 April 2022|320,642|305,277|1,088|37,303|664,310|
|Charge for the year|47,645|91,464|252|8,902|148,263|
|At 31 March 2023|368,287|396,741|1,340|46,205|812,573|
|Net book value||||||
|At 31 March 2023|308,006|626,533|1,426|11,267|947,232|
|At 31 March 2022|355,651|511,629|1,678|12,256|881,214|
||Listed|
|---|---|
||investments|
|Group||
|Cost or valuation||
|At 1 April 2022|148,972|
|Revaluations|(4,750)|
|At 31 March 2023|144,222|
|Net book value||
|At 31 March 2023|144,222|
|At 31 March 2022|148,972|
##
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##
||Investments|||
|---|---|---|---|
||in|||
||subsidiary|Listed||
|Charity|companies
f|investments
F|Total|
|Cost or valuation||||
|At 1 April 2022|1|148,971|148,972|
|Revaluations||(4,749)|(4,749)|
|At 31 March 2023|1|144,222|144,223|
|Net book value||||
|At 31 March 2023|1|144,222|144,223|
|At 31 March 2022|1|148,971|148,972|
##
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##
|14.|Stocks||||||||
|---|---|---|---|---|---|---|---|---|
||||||||Group|Group|
||||||||2023f|2022|
||Raw materials|||and consumables|||7,326|5,318|
|15.|Debtors||||||||
||||||Group|Group|Charity|Charity|
||||||2023|2022|2023|2022|
||||||F||E||
||Trade debtors||||91,576|51,387|63,271|33,950|
||Amounts|owed||by group undertakings||||14,132|
||Prepayments||and accrued income||13,053|4,424|11,684|4,424|
||||||104,629|55,811|74,955|52,506|
##
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##
##
##
|||||Group|Group|Charity|Charity|
|---|---|---|---|---|---|---|---|
|||||2023|2022|2023|2022|
|||||F|E|E|E|
|Bank loans||||27,603|8,706|27,603|8,706|
|Other loans (note 17)||||19,423|12,396|19,423|12,396|
|Trade creditors||||13,286|27,000|11,233|24,902|
|Amounts|owed to group undertakings|||||8,144||
|Other taxation and||social security||25,945|19,533|17,995|17,986|
|Accruals|and deferred
income|||140,867|86,628|133,473|74,900|
|||||227,124|154,263|217,871|138,890|
|||||Group|Group|Charity|Charity|
|||||2023|2022|2023|2022|
||||||F|E||
|Deferred|income at 1 April 2022|||63,285|49,254|52,972|46,430|
|Resources deferred||during the year||98,079|63,285|86,541|52,972|
|Amounts|released|from previous|periods|(63,285)|(49,254)|(52,972)|(46,430)|
|||||98,079|63,285|86,541|52,972|
##
|||Group|Group|Charity|Charity|
|---|---|---|---|---|---|
|||2023|2022|2023|2022|
|||E|F|E|F|
|Bank|loans|120,049|41,294|120,049|41,294|
|Other|loans|19,293|134,415|19,293|134,415|
|||139,342|175,709|139,342|175,709|
##
##
##
|18.|Deferred taxation|Deferred taxation||
|---|---|---|---|
||Group|||
||||2023|
||||F|
||At the beginning|ofthe year|10,240|
||||10,240|
|The deferred tax liability is made up as follows:|||
|---|---|---|
||Group|Group|
||2023|2022|
||F|F|
|Fixed asset timing differences|10,240||
##
##
##
##
|Statemen|t offu|nds - curren|t year|||||
|---|---|---|---|---|---|---|---|
||||||||Balance at|
||||Balance at 1|||Gains/|31 March|
||||April 2022
E|Income|Expenditure|(Losses)|2023f|
|General|funds||553,313|1,564,995|(1,558,916)|(4,750)|554,642|
|Restricted funds||||||||
|Big build|||320,036||(48,005)||272,031|
|Shedders|||97,445|(3,701)|(27,449)||66,295|
|Refurbishments||8||||||
|environmental||upgrades|148,956|102,979|(26,404)||225,531|
|Covid-19|support||1,525||(858)||667|
|Community
development|||36,954|56,595|(56,812)||36,737|
|Children|8 young|people|38,086|63,892|(53,867)||48,111|
|Marketing|||48,584||(24,647)||23,937|
|Small capital grants|||10,564|13,309|(15,636)||8,237|
||||702,150|233,074|(253,678)||681,546|
|Total of|funds||1,255,463|1,798,069|(1,812,594)|(4,750)|1,236,188|
##
##
##
##
|Statemen|t offu|nds|- prior y|ear|||||
|---|---|---|---|---|---|---|---|---|
|||||||||Balance at|
|||||Balance at|||Gains/|31 March|
|||||1 April 2021|Income
f|Expenditure|(Losses)|2022|
|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 of|funds|||1,199,990|1,613,266|(1,567,914)|10,121|1,255,463|
##
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|Analysis
Analysis|ofnet assets between funds
ofnet assets between funds - current|year|||
|---|---|---|---|---|
|||Unrestricted|Restricted|Total|
|||funds|funds|funds|
|||2023f|2023
E|2023
E|
|Tangible fixed assets||435,819|565,309|1,001,128|
|Fixed asset investments||144,222||144,222|
|Current assets||351,307|116,237|467,544|
|Creditors|due within one year|(227,124)||(227,124)|
|Creditors|due in more than one year|(139,342)||(139,342)|
|Provisions|for liabilities and charges|(10,240)||(10,240)|
|Total||554,642|681,546|1,236,188|
|Analysis ofnet assets between|funds - prior year||||
|---|---|---|---|---|
|||Unrestricted|Restricted|Total|
|||funds|funds|funds|
|||2022|2022|2022|
|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)|
|||553,313|702,150|1,255,463|
##
##
##
##
||||||Group|Group|
|---|---|---|---|---|---|---|
||||||2023|2022|
||||||f.||
|Net income/expenditure||for the year (as per Statement||ofFinancial|||
|Activities)|||||(19,275)|55,473|
|Adjustments
for:|||||||
|Depreciation
charges|||||156,846|147,537|
|Losses/(gains)
on|investments||||4,750|(10,121)|
|(Increase)/decrease|in|stocks|||(2,008)|(1,552)|
|(Increase)/decrease|in|debtors|||(48,818)|(12,703)|
|(Decrease)/increase|in|creditors|||57,177|(5,496)|
|Net cash provided|by|operating|activities||148,672|173,138|
||||Group|Group|
|---|---|---|---|---|
||||2023|2022|
|Cash|in|hand|355,589|450,572|
##
||||||Other non-||
|---|---|---|---|---|---|---|
||||At 1 April||cash|At 31 March|
||||2022|Cash flows|changes|2023|
|Cash|at bank and|in hand|450,572|(94,983)||355,589|
|Debt|due within
1|year|(21,102)|(15,577)|(10,347)|(47,026)|
|Debt|due after 1 year||(175,709)|(2,956)|39,323|(139,342)|
||||253,761|(113,516)|28,976|169,221|
##
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##