2022-03-31-accounts

Contents				Page
Legal and Administrative			Information
Report ofthe	Trustees			3-10
Independent	examiner's		report to the Trustees
Statement of	Financial	Activities		12
Balance Sheet				13
Statement of	Cash Flows			14
Notes forming	part ofthe		Financial Statements	15-26

Company	Number:		06316736
Principal	Office:		Cheviot House
			Beaminster Way East
			Newcastle upon	Tyne
			NE3 2ER
			www. northernlearnin		trust	or	uk
Trustees:			Anthony Brown		Chair
			Ann Wynn		Vice Chair
			Michael Ranson		Treasurer
			Roy Alexander	(appointed		22 April		2021)
			Anne Delandre	(appointed		22 April		2021)
			Dr Tebabu Wubetu (deceased				November 2021)
Secretary:			Liz Sheerin
Key management		personnel:	Gill Smith		Chief Executive
			Liz Sheerin		Business Manager
			Nicola Robinson		Operations			Manager
Bankers:			Lloyds Bank PLC
			102Grey Street
			Newcastle upon	Tyne
			NE1 6AG
Accountants:			Azets Audit Services
			Chartered Accountants
			Bulman House,	Regent Centre
			Newcastle upon	Tyne
			NE3 3LS
Solicitors:			Ward Hadaway
			Sandgate House,
			102Quayside
			Newcastle upon	Tyne
			NE1 3DX
Investment	Advisors:		UBSWealth Management			(UK) Ltd
			2 StJames' Gate
			Newcastle upon	Tyne
			NE4 7JH

			Notes	Restricted	Unrestricted	Year to	Year to
				2022	2022	31.03.22	31.03.21
						Total	Total
						8
Income from:
Donations and grants			2	43,718	21,353	65,071	61,914
Other grants			2		22433	22433	33,061
Donations and Grants				43,718	43,786	87,504	94,975
Charitable activities			3	243,904	244,995	488,899	467,876
Investments			4		3,572	3,572	4,746
Total Income				287,622	292,353	579,975	567,597
Expenditure
Charitable activities			5	303,138	186,216	489,354	482,079
Total Expenditure				303,138	186,216	489354	482 079
Net income/(expenditure)				(15,516)	106,137	90,621	85,518
Other recognised
gains/(I oases):
Profit/(loss) on revaluation		of			2,824	2,824	57,524
investments
Net income/(expenditure)				(15,516)	108,961	93,445	143,042
before transfers Transfers between	funds		13	450	~450
Net movement in	funds			(15,066)	108,511	93,445	143,042
Reconciliation of	Funds:
Total funds brought	forward			57,926	451,841	509,767	366,725
Total funds carried forward				42,860	560,352	503,212	509,757

			Notes
				31.03.22	31.03.21
Fixed Assets
Tangible assets				115	312
Investments				341,749	335,353
				341,864	335,665
Current Assets
Debtors			10	75,768	115,298
Cash at bank and	in	hand		232,606	118,908
Creditors: amounts due within one year		falling		308,374 ~47G26,	234,206 60,104
Net Current Assets				261,348	174,102
NET ASSETS			12	603,212	569767
Funds ofthe Charity
Designated funds Revaluation funds General funds			14 14 14	81,900 61,203 417,249	79,415 58,379 314,047
Total unrestricted	funds		13+14	560,352	451,841
Restricted funds				42,860	57 926
TOTAL			13	603,212	509,767

		Notes
			31.03.22	31.03.21
Cash flows from operating	activities
Net cash provided by operating activities			90 621	85 518
Adjustments to cash flows	from non-
cash items
Depreciation Investment income			197 ~3,572	197 ~4,746
			87,246	80,969
Working capital adjustments
Decrease/(increase) in debtors Decrease in creditors		10 11	39,530 ~73,078	(11,588) ~32,008
Net cash flows from operating	activities		113,698	37,373
Cash flows from investing	activites
Investment income received Purchase of investments			3,572 ~3,572	4,746 ~4,746
Net cash flows from investing	activities
Net increase in cash and cash equivalents			113,698	37,373
Cash and cash equivalents	at 1 April		118908	81 535
Cash and cash equivalents	at 31 INarch		232,606	118908

2. DONATIONS AND	G		RANT	S
					Restricted	Unrestricted	Year to	Year to
							31.03.22	31.03.21
							Total	Total
							8	8
Education Endowment-H	Robins					20,000	20,000	20,000
Garfield Weston					10,000		10,000	10,000
Veterans Foundation					6,560		6,560	6,560
Swire Charitable Trust					3,400		3,400	3,400
Cycling UK					1,140		1,140
Operation Veteran								282
SirJames Knott Trust								932
Catherine Cookson Charitable			Trust					250
Gilchrist Educational Trust								932
Community Foundation-EDF			Comm	Fund				7,094
YHN Community Fund —Women's				Snug	5,000		5,000	2,500
League of Helping Hands					250		250
Community Foundation					1,250		1,250
National Lottery Community		Fund			2,013		2,013
Durham County Council AAP					14,105		14,105
Northumberland Community		Chest						9,665
Church ofStJohn						603	603
Sundry donations						750	750	299
					43,718	21,353	65,071	61,914
Other Grants
HMRC Job Retention Scheme Grants						6,098	6,098	21,727
Covid Business Grants						16,335	16,335	11,334
					43718	43,786	87,504	94,975
For the year ended 31 March			2021		41,615	53,360

					Restricted	Unrestricted	Yearto	Year to
							31.03.22	31.03.21
							Total	Totalf
Lloyds Bank Foundation					1,896	25,000	26,896	32,486
Newcastle City Council								6,383
Ponteland High School						644	644
South Tyneside Council						840	840	13,352
North ofTyne CLLD funded by ESIF						36,446	36,446	31,644
Your Homes Newcastle-Newcastle Hives™			Learning		14,583		14,583	25,000
Bridge Project funded by		ESFand National			114,013		114,013	130,598
Lottery Community Fund
Good Things Foundation						3,920	3,920	6,468
Education Development		Trust				1,391	1,391	3,671
North ofTyne Working	Homes funded			by ESF		58,635	58,635	80,025
Bernicia —Northumberland		Learning		Hives~	42,391		42,391	53,326
Northumberland County		Council Housing			14,231		14,231	21,329
Durham County Council		L!NKCD				50,624	50,624	16,551
Bernicia —Durham L!NKCD Hive Project					17,135		17,135	10,377
Sodexo - Transforming	Rehabilitation					8,605	8,605	35,316
DWP Prison Leavers						54,000	54,000
New Start- Karbon Homes						4,890	4,890
Pioneering Care Partnership					39,655		39,655
					243 1	04	244 995	488 899
For the year ended 31 March 2021					273,116	194,760
. INVESTMENT INCOME
				Restricted		Unrestricted	Year to	Year to
							31.03.22	31.03.21
							Totalf	Total
Cash investments held		in the UK
Dividends						3,572	3,572	4,746
						3,572	3,572	4,746
For the year ended 31	March 2021					4,746

5. CHARITABLE ACTIVITIES	5. CHARITABLE ACTIVITIES	5. CHARITABLE ACTIVITIES
			Restricted	Unrestricted	Unrestricted	Year to	Year to
			pfcvlsicn	provision cf	Governance	31.03.22	31.03.21
			ofservices	services f		Total	Total
Costs directly allocated to
activities
Staff costs			239,878	145,606		385,484	393,172
Supplies/Resources			22,786	7,076		29,862	30,517
Recruitment			772	392		1,164	727
Travel			2,287	1,144		3,431	539
Volunteers			263	1,257		1,520	90
Depreciation				197		197	197
			265,986	155,672		421,658	425,242
Support costs apportioned		to
activities
Premises			14,770	6,813	647	22,230	16,051
Staff costs			15,960	1,257	12,978	30,195	25,626
Resources			2,997	2,335	159	5,491	5,742
Communications			3,425	3,025	193	6,643	6,476
Accountancy	and other services				3,000	3,000	2,830
Legal and Professional					137	137	112
			303,138	169,102	17114	489,354	482,079
For the year	ended 31 March
2021			286,412	179,740	15,927

This is stated after charging	This is stated after charging	Year to 31.03.22	Year to 31.03.21
		Total	Total
			k
Depreciation		197	197
Accountancy	fees	3,000	2,830
7. STAFF	COSTS AND NUMBERS
		Year to	Year to
		31.03.22	31.03.21
		Total	Total
		6	k
Staff costs comprise:
Salaries		378,611	380,797
Social Security costs		22,487	21,218
Pension		14,581	16,783
		415,679	418,798

Chief Executive		1	1
Charitable activities		12	12
Administration	and support	2	2
		15

8. FIXEDASS	ETS
					Office
				Equipment
					K
Cost
At 1 April 2021					6,959
Additions in the year
Disposals					(1,416)
At 31 March 2022					5,543
Depreciation
At 1 April 2021					6,647
Charge for the year						197
Eliminated on disposals					(1,416)
At 31 March 2022					5,428
Net Book Value
At 31 March 2022						115
Net Book Value
At 31 March 2021						312
9. INVESTMENTS
				At			At
				31.03.22			31.03.21
				Total			Total
				2			2
Investment in subsidiary					1				1
Other investments	(at market value)			341,637			335,241
Cash held for reinvestment					111				111
				341,749			335,353
Reconciliation of	other investments:
Investment value at 1 April 2021							335,241
Additions: Income	reinvested							3,572
Net profit on revaluation								2,824
Investments value	at 31 March 2022						341,637
All investments shown above are		held	at market valuation.
Analysis ofother	investments	at market value:		At			At
				31.03.22			31.03.21
				Total			Total
							2
Asset Allocation Funds				341,637			335,241
The historical cost of other investments			at 31 March 2022 was F280,434		(6276,862		at 31	March
2021).