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2023-03-31-accounts

THE HEXTOL FOUNDATION

(A charitable company limited by guarantee)

REPORT AND UNAUDITED FINANCIAL STATEMENTS

31 MARCH 2023

Registered company number 05896869 Registered charity number 1120857

ARMSTRONG WATSON Chartered Accountants Newcastle upon Tyne

THE HEXTOL FOUNDATION

REPORT AND FINANCIAL STATEMENTS

31 MARCH 2023

CONTENTS
Page
1 to 6 Report of the trustees
7 Independent examiner’s report
8 Statement of financial activities
(Including income and expenditure account)
9 Balance sheet
10 to 17 Notes to the financial statements

THE HEXTOL FOUNDATION

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 31 MARCH 2023

REFERENCE AND ADMINISTRATIVE DETAILS

Charity number : 1120857 Company number: 05896869

Trustees

Mr G Dodd (Chairman) Mr S R Mcardle (Treasurer) Mr P J V Cockerill (resigned 14 February 2023) Ms K M Lavery

Chief Executive and Company Secretary

Mr B N Howorth

Registered office

14c Gilesgate Hexham Northumberland NE46 3NJ

Accountants

Armstrong Watson LLP One Strawberry Lane Newcastle upon Tyne NE1 4BX

Bankers

Barclays Bank plc Priestpopple Hexham Northumberland NE46 1PE

THE HEXTOL FOUNDATION

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 31 MARCH 2023

The Trustees are pleased to present their report together with the unaudited financial statements of the charity for the year ended 31 March 2023 which are also prepared to meet the requirements for a directors’ report and financial statements for Companies Act purposes.

Reference and administrative details, set out on the previous page, form part of this report. The financial statements comply with the Charities Act 2011, the Companies Act 2006, the memorandum and articles of association and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

Structure, governance and management

Governing document

The Hextol Foundation is a company limited by guarantee and is governed by its memorandum and articles of association dated 4 August 2006, as amended by special resolutions dated 14 August 2007 and 4 July 2011. It was registered with the Charity Commission on 14 September 2007.

Appointment of Trustees

The Trustees are directors for the purposes of company law and the members of the charity must become Trustees. The number of Trustees must not be less than three and no more than twelve persons. The Trustees may at any time co-opt persons between annual general meetings, provided that the number co-opted does not exceed one third of the total number of Trustees. All co-optees must stand down at the end of the annual general meeting following their co-option.

Induction and training of Trustees

The induction and training of Trustees is dealt with according to individual need. Trustees usually have prior professional, sector or charity knowledge and experience.

Organisation

The charity is managed by the Trustees, who meet approximately 4 times a year. Two Trustees are needed for a quorum. The Trustees who have served during the year are set out on the reference and administrative details page.

The Chief Executive is responsible for the leadership, strategic development and effectiveness of the charity and oversees the delivery of services.

The Finance Manager is responsible for day to day accounting and financial reporting.

The Fundraising Manager is responsible for fundraising activity to support the charity.

The Office Manager is responsible for administrative and operational support, including health and safety and other central functions.

The Beneficiary Engagement Manager is responsible for the recruitment, development and welfare of all Volunteers.

The Catering Manager, Gardening Service Manager oversee the planning, logistics and delivery of the services for their business; supported by Supervisors to run each shift, guiding the charity’s beneficiaries, and ensuring the service delivered meets customer expectations.

THE HEXTOL FOUNDATION

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 31 MARCH 2023

Risk management

A full set of policies on health and safety, safeguarding, financial management, staffing, information security and customer liaison have been established and are reviewed as required.

Safety

The charity has a natural focus on the safety and security of its entire workforce, especially as a number of them are vulnerable people. With this in mind,

The charity’s health and safety officer is Claire Smith.

Its employer’s liability, public and products liability, contents and D&O insurance policy is provided by Towergate Insurance and its motor insurance by Zurich Insurance.

Objectives and activities

The Hextol Foundation is an independent charitable company, based in Hexham, creating opportunities for people with a learning disability/difficulty and / or mental health needs to gain real work experience and to develop job skills, confidence and self-esteem, thereby helping to improve mental and physical health and reduce social isolation. These are rare opportunities for people, whose condition or disability makes it practically impossible for them to gain paid employment, to be able to contribute to society and to find a real sense of purpose.

Our charitable objects are to improve the lives of people with disabilities and who may have other disadvantages, by creating opportunities to work, providing education and training and developing such other charitable forms of support as required. We achieve this by setting up not for profit businesses that provide safe and supported work and work-based training.

By our work we seek to challenge the stigma which surrounds the ability of those with learning difficulties and mental health needs.

In planning and carrying out the charity’s activities for the year, the Trustees have considered the guidance produced by the Charity Commission on public benefit, including the guidance ‘Public benefit: running a charity (PB2)’.

Achievements and performance

During the year we returned to pre-pandemic levels of operating and:

THE HEXTOL FOUNDATION

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 31 MARCH 2023

Over the year the following hours of working experience were completed by our beneficiaries :

And in addition beneficiaries attended 51.5 hrs of workshops.

THE HEXTOL FOUNDATION

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 31 MARCH 2023

Financial review and performance

The principal source of income comprised trading of £255,649 (2022: £195,552), with a further £90,451 in grants and donations (2022: £133,940).

The net expenditure for the year was £65,370 (2022: net expenditure £4,051) as disclosed in the Statement of Financial Activities on page 8. Unrestricted funds at the year end decreased to £29,363 (2022: £64,525).

Reserves policy

It is the policy of the charity to seek to establish and maintain a reserves fund based on a business risk assessment or on covering up to 6 months of operating costs. After the fifteenth year of the charity’s operation, free reserves at 31 March 2023 totalled £22,511 (2022: £56,444). The Trustees will review both the policy and the reserves position on a regular basis.

Plans for future periods

The charity will continue to provide opportunities in Hexham.

Wherever appropriate the charity will seek to work in partnership with other organisations, including charities, to expand the opportunities available to its beneficiaries in a sustainable and mutually beneficial way.

The charity recognises the need to combat social isolation which is endemic in its beneficiary groups and will do this by offering team working opportunities, increasing its regular lunch clubs and by social events.

Building on the success of the programme provided this year the charity will seek to offer more externally accredited training if funding is secured.

The charity will seek to diversify the opportunities it offers to its beneficiaries where appropriate.

The charity is also recruiting additional Trustees to further strengthen the Board.

We will continue to work with all our stakeholders to take opportunities for growth whenever they arise.

Statement of Trustees' responsibilities in relation to the financial statements

The Trustees (who are also directors of The Hextol Foundation for the purposes of company law) are responsible for preparing the report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the Trustees are required to:

THE HEXTOL FOUNDATION

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 31 MARCH 2023

Statement of Trustees' responsibilities in relation to the financial statements (continued)

The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Small company provisions

This report has been prepared in accordance with the special provisions for small companies, under Part 15 of the Companies Act 2006.

On behalf of the Trustees

Mr G Dodd Chairman 15 December 2023

INDEPENDENT EXAMINER’S REPORT

TO THE TRUSTEES OF THE HEXTOL FOUNDATION

I report to the charity Trustees on my examination of the financial statements of the company for the year ended 31 March 2023, which are set out on pages 8 to 17.

Responsibilities and basis of report

As the charity’s Trustees of the company (and also, it’s directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the financial statements of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s financial statements as carried out under section 145 of the Charities Act 2011 (the ‘2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner’s report

Since the company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

D R GOLD BA FCA Independent Examiner Armstrong Watson Audit Limited One Strawberry Lane Newcastle upon Tyne NE1 4BX

19 December 2023

-7-

(COMPANY LIMITED BY GUARANTEE)

THE HEXTOL FOUNDATION

STATEMENT OF FINANCIAL ACTIVITIES

(INCLUDING INCOME AND EXPENDITURE ACCOUNT)

FOR THE YEAR ENDED 31 MARCH 2023

Note
Income from:
Donations, grants and legacies
4
Charitable activities
5
Total income
Expenditure on:
Raising funds
Charitable activities
Total expenditure
6
Net (expenditure)
3
Transfers between funds
Net movement in funds for the year
Reconciliation of funds
Total funds brought forward
Total funds carried forward		 Unrestricted
Restricted
Total
Total
funds
funds
2023
2022
£
£
£
£
55,004
35,447
90,451
133,940
255,649
-
255,649
195,552
310,654
35,447
346,101
329,492
19,459
-
19,459
13,843
326,356
65,654
392,011
319,700
345,816
65,654
411,470
333,543
(35,162)
(30,207)
(65,370)
(4,051)
-
-
-
-
(35,162)
(30,207)
(65,370)
(4,051)
64,525
98,412
162,937
166,988
29,363
68,205
97,568
162,937

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derives from continuing activities.

The notes on pages 10 to 17 form part of these financial statements

(COMPANY LIMITED BY GUARANTEE)

Company number: 05896869

THE HEXTOL FOUNDATION

BALANCE SHEET

AS AT 31 MARCH 2023

Note
Fixed assets
Tangible assets
7
Current assets
Debtors
8
Cash at bank and in hand
Creditors: amounts falling due within
one year
9
Net current assets
Creditors: amounts falling due after
more than one year
10
Net assets
Funds of the charity
Unrestricted income funds
Restricted income funds
13
Total charity funds
12		 2023
2022
£
£
£
£
59,523
74,180
22,045
25,897
86,096
118,080
108,141
143,977
(34,448)
(14,016)
73,693
129,961
(35,648)
(41,204)
97,568
162,937
29,363
64,525
68,205
98,412
97,568
162,937

For the year ended 31 March 2023 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Trustees responsibilities:

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the Trustees and authorised for issue on 15 December 2023.

Mr G Dodd Chairman

The notes on pages 10 to 17 form part of these financial statements.

THE HEXTOL FOUNDATION (COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

1. Legal status of the charity

The charity is a company limited by guarantee and has no share capital. The liability of each member in the event of winding up is limited to £1.

2. Accounting policies

The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:

a) Basis of preparation

The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated. They have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland Charities SORP FRS 102 (1 January 2019), the Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS 102) and the Companies Act 2006.

The Hextol Foundation meets the definition of a public benefit entity under FRS 102.

The financial statements are prepared in sterling which is the functional and presentation currency of the charity.

b) Preparation of the accounts on a going concern basis

The Trustees have reviewed its cash flow forecasts and there is a reasonable expectation that the charity has adequate resources to continue in operational existence for at least the next twelve months and on this basis the Trustees consider that the charity is a going concern.

c) Fund accounting - Unrestricted and restricted funds

Unrestricted funds are donations and other income receivable or generated for the objects of the charity without further specified purpose and are available as general funds.

Restricted funds are given for a specific purpose and further details are provided in the notes to the financial statements.

d) Fixed assets and depreciation

Depreciation is calculated so as to write off the cost of a fixed asset, less its estimated residual value, over the useful economic life of that asset as follows:

Office equipment - 25% per annum on a reducing balance basis Furniture and equipment - 15% per annum on a reducing balance basis Motor vehicles - 25% per annum on a reducing balance basis

e) Cash at bank

Cash at bank consists of a Barclays Bank plc current account.

f) Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount.

THE HEXTOL FOUNDATION (COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

2. Accounting policies (continued)

g) Financial instruments

The charity only has financial instruments and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially measured at transaction value and subsequently measured at their settlement value, with the exception of the bounce back loan which is measured at amortised cost using the effective interest method.

h) Operating lease agreements

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

i) Income recognition

All income is included in the statement of financial activities when the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Donations are received by way of grants and donations and are included in full in the statement of financial activities when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably. Grants and other income received in advance of the period to which they relate are treated as deferred income if the related expenditure cannot be incurred until the future period. Deferred income is included in liabilities in the balance sheet.

For legacy income, entitlement is taken as the earlier of the date on which either the charity is aware that probate has been granted, the estate has been finalised and notification has been made by the executor to the charity that a distribution will be made, or when a distribution is received from the estate. Donated goods are recognised as income when the charity has control over the item, any conditions associated with the donated item has been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. Donated goods are measured at their fair value.

j) Expenditure recognition

Expenditure is recognised as soon as there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. All expenditure is accounted for on an accruals basis, inclusive of any VAT which cannot be recovered.

Expenditure on raising funds comprise the costs incurred in raising income from grants and donations. Charitable expenditure comprises all costs of activities in furtherance of the objects of the charity. Governance costs represents costs incurred in connection with the administration of the charity and compliance with constitutional and statutory requirements.

Support costs relating to more than one activity are allocated on the basis of staff time spent.

k) Pension costs

Employees of the charity are entitled to join a defined contribution money purchase scheme. The charity contribution in the year is disclosed in note 6. The money purchase plan is managed by B&CE Holdings (The People's Pension). The charity has no liability beyond making its contributions and paying across the deductions for employees' contributions.

(COMPANY LIMITED BY GUARANTEE)

THE HEXTOL FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

2023 2022
3. Net (expenditure) £ £
Net expenditure for the year is stated after charging:
Independent examination and accountancy services:
Independent examination 1,020 927
Accountancy services 2,030 1,903
Depreciation of tangible fixed assets 16,107 14,369
FOR THE YEAR ENDED 31 MARCH 2023 FOR THE YEAR ENDED 31 MARCH 2023
3.
Net (expenditure)
Net expenditure for the year is stated after charging:
Independent examination and accountancy services:
Independent examination
Accountancy services
Depreciation of tangible fixed assets		 2023
2022
£
£
1,020
927
2,030
1,903
16,107
14,369
4.
Donations, grants and legacies
Adapt (North East)
Anton Jurgens Charitable Trust
Arnold Clark Community Fund
Community Foundation Tyne and Wear and Northumberland
- Curtin PARP
- Squires Fund
- Thorne & Derrick Fund
- Cost of Living
- Giving Network
- Prime Fund
Co-op Local Community Fund
Finnis Scott Foundation
Frazer Trust
Freemasons of Northumberland
Hadrian Trust
Hexham Town Council
Karbon Homes Community Funding
Lidl Local Community Fund
Marsh Christian Trust
Northumberland County Council
- Platinum Jubilee Fund
- Business Grants Funds
- Local Improvement Schemes
Northumberland Estates Community Fund
Prince of Wales Charitable Fund
R W Mann Charitable Trust
Sir James Knott Trust
Tesco Bags of Help
The 1989 Willan Charitable Trust
The Baily Thomas Charitable Fund
The Barbour Foundation
The Bernicia Foundation
The Boshier-Hinton Foundation
The Christopher Rowbotham Charitable Trust
The Edward Gostling Foundation
The February Foundation
The Hedley Foundation
The Hospital of God at Greatham
The Inman Charity
The Joicey Trust
The Lions Club of Tynedale		 Unrestricted
Restricted
funds
funds
£
£
-
198
-
-
1,000
-
-
2,664
-
-
-
-
10,000
-
4,402
-
-
2,745
-
-
-
2,000
2,000
-
-
-
2,000
-
3,000
-
-
1,000
-
1,000
-
-
-
500
-
-
-
-
-
-
-
1,500
-
1,000
5,000
-
-
-
-
-
-
-
2,000
-
-
-
-
1,500
-
-
-
-
-
5,000
-
4,240
-
-
-
5,000
3,300
-
7,000
-
39,702
28,347		 Total
Total
2023
2022
£
£
198
-
-
3,000
1,000
1,000
2,664
2,000
-
5,000
-
2,000
10,000
-
4,402
-
2,745
-
-
5,027
2,000
-
2,000
2,000
-
447
2,000
1,000
3,000
1,000
1,000
1,000
1,000
-
500
500
-
-
15,667
-
3,000
-
3,600
1,500
-
1,000
-
5,000
5,000
-
1,000
-
10,000
-
20,000
2,000
2,000
-
5,000
1,500
-
-
500
-
10,000
5,000
3,000
4,240
-
-
3,100
5,000
-
3,300
-
7,000
-
68,049
105,841

THE HEXTOL FOUNDATION

(COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

4.
Donations, grants and legacies(continued)
Balance brought forward
The Percy Bilton Charity
The Sir Jules Thorn Charitable Trust
The Smith (Haltwhistle & District) Charitable Trust
The William Leech Charity
VCSE digital skills fund
W M Donald Charitable Trust
William Webster Charitable Trust
Bounce Back loan interest grant
Coronavirus Job Retention Scheme grant
Donations (including donated assets)
5.
Income from charitable activities
Trading income from:
Hextol Gardening
Hextol Greenbox
Hextol Lunches
Hextol PropertyWorks
Hextol Tans café
Training income
Other income
6.
Total expenditure
Raising
funds
Direct costs
Staff costs
-
Hextol Gardening
-
Hextol Greenbox
-
Hextol Lunches
-
Hextol PropertyWorks
-
Hextol Tans café
-
Professional fees
-
Accountancy fees
-
Loss on disposal
-
Interest payable
-
Depreciation
-
Bad debts written off
-
Allocated support costs
Staff costs
16,204
Office costs
3,255
19,459
Governance costs
Total expenditure on charitable activities		 4.
Donations, grants and legacies(continued)
Balance brought forward
The Percy Bilton Charity
The Sir Jules Thorn Charitable Trust
The Smith (Haltwhistle & District) Charitable Trust
The William Leech Charity
VCSE digital skills fund
W M Donald Charitable Trust
William Webster Charitable Trust
Bounce Back loan interest grant
Coronavirus Job Retention Scheme grant
Donations (including donated assets)
5.
Income from charitable activities
Trading income from:
Hextol Gardening
Hextol Greenbox
Hextol Lunches
Hextol PropertyWorks
Hextol Tans café
Training income
Other income
6.
Total expenditure
Raising
funds
Direct costs
Staff costs
-
Hextol Gardening
-
Hextol Greenbox
-
Hextol Lunches
-
Hextol PropertyWorks
-
Hextol Tans café
-
Professional fees
-
Accountancy fees
-
Loss on disposal
-
Interest payable
-
Depreciation
-
Bad debts written off
-
Allocated support costs
Staff costs
16,204
Office costs
3,255
19,459
Governance costs
Total expenditure on charitable activities		 Unrestricted
funds
£
39,702
-
2,500
300
-
-
2,000
-
-
-
10,502
55,004
Unrestricted
funds
£
76,447
31,302
6,779
48,658
81,424
10,085
954
255,649
Charitable
activities
£
157,513
19,523
18,139
3,170
20,080
47,962
3,701
-
-
1,106
16,107
43
53,542
42,402		 Restricted
Total
Total
funds
2023
2022
£
£
£
28,347 68,049
105,841
-
-
5,000
-
2,500
1,500
-
300
200
5,000
5,000
-
-
-
5,050
-
2,000
-
2,000
2,000
-
-
-
520
-
-
5,090
100
10,602
10,739
35,447
90,451
133,940
Restricted
Total
Total
funds
2023
2022
£
£
£
-
76,447
53,539
-
31,302
22,875
-
6,779
2,820
-
48,658
50,305
-
81,424
64,634
-
10,085
-
954
1,379
-
255,649
195,552
Governance
Total
Total
costs
2023
2022
£
£
£
-
157,513
136,673
-
19,523
10,560
-
18,139
13,940
-
3,170
1,345
-
20,080
17,365
-
47,962
40,102
-
3,701
3,100
3,050
3,050
2,830
-
-
965
-
1,106
1,226
-
16,107
14,369
-
43
-
4,724
74,470
54,223
949
46,607
36,845
8,723
411,470
333,543
19,459 383,288
8,723
392,011

THE HEXTOL FOUNDATION

(COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

6. Total expenditure (continued)

The aggregate staff costs were:
Wages and salaries
Social security costs
Pension costs		 2023
2022
£
£
219,074
180,412
7,428
5,740
5,481
4,744
231,983
190,896

The charity considers its key management personnel comprise the Trustees and the Chief Executive The total employment benefits of the key management personnel were £46,000 (2022: £35,265). There are no employees with emoluments above £60,000 per annum.

The average number of employees during the year, analysed by function was as follows:

Management
Project staff		 2023
2022
2
2
16
12

Trustees' remuneration and related party transactions

The Trustees did not receive any emoluments during the year and were not paid or reimbursed for any expenses.

7.
Tangible fixed assets
Cost
At 1 April 2022
Additions
Disposals
At 31 March 2023
Depreciation
At 1 April 2022
Charge for the year
On disposals
At 31 March 2023
Net book value
At 31 March 2023
At 31 March 2022
8.
Debtors
Other debtors
Prepayments and accrued income
Other taxation and social security		 Motor
Office
Vehicles
equipment
£
£
55,245
18,818
-
1,450
-
-
55,245
20,268
19,371
6,359
8,969
3,258
-
-
28,340
9,617
26,905
10,651
35,874
12,459		 Furniture
and equipment
Total
£
£
53,521
127,584
-
1,450
-
-
53,521
129,034
27,674
53,404
3,880
16,107
-
-
31,554
69,511
21,967
59,523
25,847
74,180
2023
2022
£
£
18,206
21,350
3,840
3,842
-
705
22,045
25,897

THE HEXTOL FOUNDATION

(COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

9. Creditors: amounts falling due within one year

Creditors:amounts falling due within one year
Bank loan
Other taxation and social security
Other creditors
Accruals
Deferred income
Creditors:amounts falling due after more than one year
Bank loan		 2023
2022
£
£
5,556
5,556
10,765
-
12,238
4,268
5,689
4,067
201
125
34,448
14,016
2023
2022
£
£
35,648
41,204

10. Creditors: amounts falling due after more than one year

The charity took out a £50,000 loan under the Bounce Back Loan Scheme in August 2020. In August 2021, the loan term was extended from 6 years to 10 years. The loan carries interest at the rate of 2.5%. The balance due after more than five years is £13,426.

11. Commitments under operating leases

At 31 March 2023 future minimum rentals payable under non-cancellable operating leases are as follows:

Within one year 2023
2022
£
£
25,052
31,463
In two to five years 23,254
47,391
48,306
78,854
**12. ** Analysis of net assets between funds Tangible
Net
Long		 Total
Total
Unrestricted income funds fixed
current
term
assets
assets
liabilities
£
£
6,852
58,159
(35,648)		 2023
2022
£
£
29,363
64,525
Restricted income funds 52,671
15,534
-		 68,205
98,412
59,523
73,693
(35,648)		 97,568
162,937
Analysis of net assets between funds - previous year
Unrestricted income funds Tangible
Net
Long
fixed
current
term
assets
assets
liabilities
£
£
8,081
97,648
(41,204)		 Total
Total
2022
2021
£
£
64,525
98,357
Restricted income funds 66,099
32,313
-		 98,412
68,631
74,180
129,961
(41,204)		 162,937
166,988

(COMPANY LIMITED BY GUARANTEE)

THE HEXTOL FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

13. Restricted income funds
Funds expended on tangible fixed assets:
Adapt (North East)
Anton Jurgens Charitable Trust
Community Foundation Tyne and Wear and
Northumberland
- Curtin PARP
- Prime Fund
Co-op Local Community Fund
Finnis Scott Foundation
Karbon Homes - Community Funding
Lidl Local Community
Northumberland County Council
Platinum Jubilee Fund
Northumberland Estates Community Fund
Prince of Wales Charitable Fund
R W Mann Charitable Trust
The Baily Thomas Charitable Fund
The Boshier-Hinton Foundation
The February Foundation
The Hedley Foundation
The Inman Charity
The William Leech Charity
VCSE digital skills fund
W Bell donation
William Webster Charitable Trust
New ventures, job development training and
support:
Cumbria, Northumberland, Tyne and Wear
NHS Foundation		 Balance
Balance
2022
Income
Expenditure
Transfer
2023
£
£
£
£
£
66,099
(14,636)
-
51,463
-
198
(138)
-
60
1,082
-
(1,082)
-
-
-
2,664
(945)
-
1,719
-
2,745
(2,277)
-
468
4,902
-
(4,902)
-
-
29
-
(29)
-
-
-
2,000
(1,054)
-
946
-
1,000
(397)
-
603
-
1,000
(694)
-
306
-
500
(500)
-
-
3,600
-
(3,600)
-
-
-
1,500
(7)
-
1,493
-
1,000
(1,000)
-
-
20,000
-
(20,000)
-
-
-
1,500
(534)
-
966
-
5,000
(5,000)
-
-
-
4,240
(1,567)
-
2,673
-
5,000
(4,493)
-
507
-
5,000
-
-
5,000
2,200
-
(2,200)
-
-
500
100
(600)
-
-
-
2,000
-
-
2,000
98,412
35,447
(65,654)
-
68,205
Movement
in resources:

Funds expended on tangible fixed assets: The fund balance carried forward of £51,463 represents the net book value of assets acquired for grants already expended in previous years.

New ventures, job development training and support:

£5,000 was received from the Inman Charity towards the Lunch Club salaries, food items and core running costs.

£5,000 was received from The William Leech Charity to establish the new Handyman service.

£4,240 was received from The Hedley Foundation towards Greenbox project costs.

£2,745 was received from Community Foundation Tyne and Wear and Northumberland - Prime Fund towards running social events for beneficiaries.

£2,664 was received from Community Foundation Tyne and Wear and Northumberland - Curtin PARP towards accredited training for young people from Northumberland with learning disabilities.

THE HEXTOL FOUNDATION

(COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

13. Restricted income funds ( continued )

Restricted income funds - previous year
Funds expended on tangible fixed assets:
Anton Jurgens Charitable Trust
Community Foundation (Curtin PARP)
Community Foundation (Thorne and Derrick)
Co-op Local Community Fund
Freemasons Northumberland
Karbon Homes - Community Funding
Northumberland County Council
Northumberland Estates Community Fund
The Baily Thomas Charitable Fund
The Percy Bilton Charity
Training support donations
VCSE digital skills fund
W Bell donation
Northumberland County Council
(Community Chest)
Northumberland County Council
(Local Improvement Scheme)
Cumbria, Northumberland, Tyne and Wear
NHS Foundation
New ventures, job development training and
support:
Community Foundation (The Thornton
Family Grassroots Fund)		 Balance
Balance
2021
Income
Expenditure
Transfer
2022
£
£
£
£
£
59,577
-
(12,973)
-
46,604
-
3,000
(1,019)
-
1,981
-
2,000
(2,000)
-
-
710
-
(710)
-
-
-
2,000
(42)
-
1,958
1,899
5,027
(2,024)
-
4,902
29
-
-
-
29
447
(447)
-
-
-
1,000
(1,000)
-
-
-
5,000
(104)
-
4,896
2,000
-
(42)
-
1,958
-
3,000
(62)
-
2,938
-
3,600
-
-
3,600
-
-
-
-
-
5,000
(104)
-
4,896
4,416
628
(5,044)
-
-
-
5,050
(900)
-
4,150
-
1,100
(600)
500
68,631
36,852
(27,071)
-
78,412
Movement
in resources: