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|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|
##
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|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||||||
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||||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|
##
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||||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|
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|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|||
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||||||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|467,876|
|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|||
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|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).||||||||||
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