THE HEXTOL FOUNDATION (A charitable company limited by guarantee) REPORT AND UNAUDITED FINANCIAL STATEMENTS 31 MARCH 2024 Registered company number 05896869 Registered charity number l 12085 7 ARMSTRONG WATSOIN Chartered Accountants Newcastle upon Tyne
THE HEXTOL FoufiDATION REPORT AND FINANCIAL STATEMENrs 31 MARCH 2024 coNrENTS Page I to6 Report of the tru5tee5 Independent examiner's rew)rt Stat¢m¢nt of financial activities (Including income and expenditure account} Balance sheet Ioto 17 Notes to the financial statements
THE HEXTOL FOUNDATION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 REFERENCE AND ADI[NISTRATIvE DETAILS Charity number: 1120857 Company number: 05896869 Trustees Mr G Dodd Mr S R Mcardlc Ms K M Lavery Mrs J C Parker Mr M S Brunskill (Chairnian) (Treasurer) (appointed 17 January ?024) (appointed 17 January 2024} Chief Executive and Company Secretary Mr B N Howorth Registered office 14c Gilesgate Hexham Northumberland NE46 3NJ Accountants Annstrong Watson LLP One Straw'beny Lane Newcastle upon Tyne NEI 4BX Bankers Barclays Bank pl Priestpopple Hexham Northumberland NE46 1 PE
THE HEXTOL FOUNDATION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 The Trustees ar¢ pleased to present their report together with the unaudited financial statements of the charity for the year ended 31 March 20?4 which are also prepared to meet the requirements for a directors, report and financial statements for Companies Act purpose5. Reference and administratiN'e details. set out on the previous page, form part of this report. The financial statements comply w'iih the Charities Act ?0 I I, the Companies Act 2006, the ineiiiorandum 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). Structurey governance and management Governin document The Hextol Foundation is a compan), limited by guarantee and is goi,erned by its memorandum and articles of association dated 4 August 9006, as amended by special resolutions dated 14 August 2007 and 4 July 2011. It was registered with the Charity Commission on 14 September 2007. ointment of Trustees The Trustees ar¢ directors for the pury)os¢s 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 C[opt persons between annual general meetings, provided that th¢ numbcr co-opted does not exceed one third of the total number of Trustees. All cfropte¢s must stand down at the end of the annual general meeting following their eoptIOn. Induction and trainin 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. anisation The charity is managed by the Trustees, who meet approximately 4 times a year. Two Trustees are needed for a quorum. The Trustees w'ho 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 sUprL including health and safety and other central functions. The Beneficiary Engagement Manager is responsible for the recruitment, development and welfare of all Volunte¢rs/Beneficiaries. The Catering Manager oversees the planning. logistics and delivery of the services for their business, supported b}, Supervisors to run each shifL 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 2024 Risk mana ement A full set of policies on health and safety, safeguarding. financial managemenL staffing, infom]ation s¢curity and customer liaison have been established and are reviewed as required. Safe 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, All Managers, Supervisors and Administrative staff are qualified first aiders. All who work at the charitv (including volunteers and beneficiaries) must obtain an enhanced Disclosure and Barring Service check and are governed by the charity's safeguarding policy for protecting vulnerable adults and children. The charity engag¢s in "Safer Recruitment" procedures. Advice has been proi'ided by the local fire service about fire escape routes. Saf¢guarding policies and procedures have been reviewed during the year and appropriat¢ training proi'ided. The charity's health and safety officer is Claire Smith. Its employer's liability, public and products liability, contents and D&0 insurance policy is provided by Towergate Insurance and its motor insurance by Zurich Insurance. Objectives and activitie5 The Hextol Foundation is an independent charitable company, based in Hexham. creating opportunities for people V¥'ith a learning disabilitvldifficulty 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, whos¢ condition or disability makes it practically impossible for them to gain paid employment, to be able to ontribute to society and to find a r¢al sense of purpose. Our charitable objects are to improv¢ 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 fomis 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 carrving 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: Worked with 92 beneficiaries across all our service areas plus 15 pupils at Thomas Bewick School (2023: 88) Provided a total of I1,2?9 hours of working opportunities and experience for our beneficiaries (2023- 10,095)
THE HEXTOL FOUNDATION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 Continued in our mission of addrcssing social isolation in our beneficiary groups by a combination of team working. social events and, importantly, our Lunchclub. We were able to attract grant funding to support both our social events and Lunchclub which allowed us to continue those initiatives. Demand for Lunchclub has steadily risen and to meet this demand we increased LunchCLub to 5 days per week. In the year we served a total of 1,857 meals and l 17 beneficiaries attended our social events. Continued our training programme consisting of both internal workshops and externally accredited qualifications. As a result of specific funding we were able to offer a mix of ASDANS, food hygiene and health and safety training. ?5 courses were delivered leading to a total of 17 qualifications and l O ASDAN accreditations. 36 individuals attended our internal workshops. Offered Mental Health First Aid training externally. We regard this as an important way of helping to protect the health of people in the community, in line with our objective of improving the lives of those suffering a disadvantage. Continued to operate the café we had opened in ?016 (Hextol Tans) 6 days per week. Trading 'as good and the café is a major source of working opportunities for our beneficiaries. The cafe remained the only exclusively vegetarian/vegan cafe in Hexham and continued to attract excellent Google and Trip Advisor ratings and reviews. We believe the quality of the service we provide is a key part of our mission to showcase the thlents of our beneficiary group and increases the self esteem of our beneficiaries. Continued to provide gardening, pack and post and warehouse services in Hexham. Operated our catering service which. in addition to catering for our Lunchclub also provides external catering services. Refocussed our gardening sen'ice in Hexham and closed our Nemicastle operation. This has resulted in an improi'ed experience for the beneficiaries who were in our Newcastle service and who transferred to Hexham. Launched an entirely new. project "Grow with Hextol" In collaboration with Lowgate Care Home have developed a groiving project specifically aimed at those who would not usually participate in our gardening services. This has enabled us to focus on the therapeuti aspects of horticulture. The project is fully grant funded and ill be evaluated with a view to continuing and expanding it. Launched a flat pack assembly service. Developed a close working relationship with Cycling Minds, a local CIC, which, after the year end, led to us absorbing their ouided e-bike ride programme. The rides deliver mental health benefits to those with mental health need and is complementary to our existing programme. Recruited two new Trustees to further strengthen our Board
THE HEXTOL FOUNDATION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 Over the year the following hours of working experience were completed by our beneficiaries . Hextol Tans: 5,176 hours (2023: 3,726.5), with 43 individuals engaged (2023: 38) Grcenbox: 1,815 hours (20?3: 1,862), with 22 individuals engaged (2023: 22) Gardening (Hexham): 2,188 hours (2023: 1,081.5) with 16 individuals engaged (2023: 13) Gardening (Newcastle): 459 hours (2023: 1,989) with 3 individuals engaged (2023: 11). These figures are for the service before it was relocated to Hexham. In addition to the individuals involved we also engaged w ith 15 students at Thomas Bewick School Propertyworks.. 387 hours (2023: 400.5) with 7 individuals engaged (2023: 10) Cat¢ring- 954.5 hours (20?3- 802) with l O individuals engaged (2093- 7) Core (cleaning, oifice support etc): 207 hours (2023: 182) with 3 individuals involved (2023: 2) And in addition beneficiaries attended 51.5 hrs of workshops. Financial review and performance The principal source of income comprised trading of £292,985 (2023: £255,649), with a further £134.079 in grants and donations (202J £90.451). The net expenditure for the year was £6,450 (?0?3: £65,370) as disclosed in the Statement of Financial Activities on page 8. Unrestricted funds at ihe year end decreased to £?5,951 (2023: £29,J6J). Reserves policy It is the policy of the charity to seek- to ¢stablish and maintain a reseTr¢s 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 2024 toL211ed £20.140 (?0?3.. £2?,511). The Trustees will review both the policy and the reserves position on a regular basis. After the year end we received an endowment of £105,000 from The Edward Gostling Foundation which is designated to support our reserves. Plans for future periods The charity Nwill 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 Morking 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 mor¢ extemally accredited training if funding is secured.
THE HEXTOL FOUNDATION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 The charity will seek to diversify the opportunities it offers to its beneficiaries where appropriate. We will continue to w'ork with all our stakeholders to take opportunities for growth whenever they aris¢. 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 Teport 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 giv¢ 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 statement& the Trustees are required to: select suitable accounting policies and then apply them consistently- observe the methods and principles in the Charities SORP; make judgements and estimates that are reasonable and prudent; stat¢ whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements. prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation. The Trustees are responsibl¢ for keeping ad¢quat¢ accounting records that disclose with reasonabl¢ accuracv at any time the financial position of the charitable company and enable them to ensure that the financial statements comply iiith 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 bchalf of the Trustees Mr G Dodd Chairman 2 December 2024
IIYDEPEINDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE HEXTOL FOUNDATION I r¢FM)rt to the charity Trustees on my examination of the financial statements of the company for the year ended 31 March 2094, 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 prepardtion 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 j'our charity's financial statements as carried out under section 145 of the Charities Act ?0 I l (the '2011 Act,). In canying out mv examination I have followed the Directions given by the Charity Commission under section 145(5Xb) of the ?01 l Act. Independent examiner's report Since the company's gross income exceeded £250,000 your examiner must bc a memkr of a body listed in section 145 of the 2011 Act. I confirni that I am qualified to undertake the examination because l 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 confimi that no matters have come to my attention in connection with the examination giving m¢ cause to believe- (i) accounting records were not kept in reScl of the company as required by section 386 of the 2006 Act: or the financial statements do not accord M'ith those accounting records; or the financial statements do not comply ivith the accounting requirements of section 396 of the 2006 Act other than any requirement that th¢ financial statements give a "true and fair, view which is not a matter considered as part of an independent examination; or the financial statements have not been prepared in accordance with the methods and principles of the Statement of R¢comm¢nded practice for accounting and reporting by charities (applicable to charities preparing their financial statements in accordance with the Financial Reporting Siandard applicable in the UK and Republic or Ireland (FRS 10? (2) (3) (4) I have no concems and have come across no other matters in connection with the examination to which attention should be drawm in this report in order to enable a proper understanding of the financial statements to be reached. This report is made solely to the charity's trustees in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the charity's trustees those matters I am required to state to them in an independent examiner's rep)rt and for no other purpose. To the fullest extent permitted by law., I do not accept or assume responsibility to anyone other than th¢ charity and the charity's trustees for my work or for this report. D R GOLD BA FCA Independent Examiner Arnistrong Watson LLP Onc Strawberry Lane Newcastle upon Tyne NEI 4BX 4 December 2024
THE HEXTOL FOUNDATION (COMPANY LIMITED BY GUARANTEE) ST ATEMENT OF FINANCIAL ACTtVlTIES (TNCLUDtNG INCOME AND EXPENDITURE ACCOUNT} FOR THE YEAR ENDED 31 MARCH 2024 Iyote l-nrestri¢ted Restricted Total 2024 Total funds funds 2023 Ineome from: Donations, grants and legacies 91,876 42,203 134,079 90,451 Charitable activities 292,985 292,985 255,649 Total income 384,861 42,203 427,064 346,101 Expenditure on: Raising funds Charitable activities 21,372 366,901 21,372 412,142 19,459 392,011 45,241 Total expenditure 388,27J 45,241 433,514 411,470 Net exp¢ndilur¢ (J.412) (J,038) (6,450) (65,370) Transfers beliveen funds Net movement in funds for the year (3.412) (3,038) (6,450) (65,370) Reconcilialion offunds Total funds brought forward 29,36) 68,205 97,568 162,937 Total funds carried fonvard 25,951 65,167 97,568 The slatement of financial activities includes all gains and losses recognised in the year. All income and expenditure derives from Continuing activities. The notes on pages l O to 17 fomi part of these financial statements
THE HEXTOL FOUNDATION (COMPANY LIMITED BY GUARANTEE) Compan!. nMber. 096869 BALAIYCE SHEET AS AT 31 MARCH 2024 Note 2024 2023 Fixed assets Tangible assets 47,143 59,523 Current assets Debtors 20,319 86,157 106,476 22,045 86,096 108,141 Cash at bank and in hand Creditors: amounts falling due M'ithin one year (32.395) (34,448) Net current assets 74,081 73,693 Creditors: amounts falling due after more than one year 10 (30,106) {35,648) Net assets 91,118 97,568 Funds of the charity Unrestricted income funds Restricted income funds 25,951 65,167 29,363 68,205 13 Total charity funds 12 91,118 97,568 For the year ended 31 March 2024 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Trustees responsibilities: (i) The member5 have not required the charity to obtain an audit of its financial statements for the year in question in accordance with section 476: and (li) The Trustees acknowledge their responsibilities for complying with the Tequirements of the Act with respect to accounting records and the preparation of the financial statements. 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 2 December 2024. Mr G Dodd Chairnian The notes on pages 10 to 17 fonn part of these financial statements.
THE HEXTOL FOUNDATION (COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 l. Legal status of the charity The charity is a company limited by guarantee and has no share capiLql. The liability of each member in the event of winding up 15 limited to £ l. 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 '1th 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 (l January. 2019), the Financial Reporting SLdard applicable in the UK and the Republic of Ireland (FRS 102) and the Companie5 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 aceounts on a going concern basis The Trustees have reviewed its cash flow forecasts and there is a reasonable expectation that the charitv has adequate resources to continue in operational exislence for ai least the next tw'elve months and on this basis the Trustee5 consider that the charity 15 a goin(F concern. c) Fund accounting- Unrestricted and restricted funds Unrestricted funds are donations and other income recelvable or generated for the objects of the charity without further specified purpose and are available a5 general funds. Restricted ndS are given for a specific purpose and fillther detalls 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 assei. less its estimated residual value, over the useful economic life of that a55et as follows- Office equipment Furniture and equipment Motor vehicles 250/0 per annum on a reducing balance basis 15 /0 per annum on a reducing balance basis 250/0 per annum on a reducing balance basis e) Cash al bank Cash at bank consists of a Barclays Bank plc current account. Creditors and provisions Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probablv result in the trdnsfer of funds to a third party and the amount due to settle the obligation can be measured or esiimated reliably. Creditors and provisions are nornlally recognised at their settlement amount. io-
THE HEXTOL FOUNDATION (COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 2. Aecounting polieies (conliFziied) 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 substantiall! all of the benefits and risks of 0ership remain with the lessor are charged againsi profits on a straiJts t 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 ihe amouni 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 expendilure cannoi be incurred until the future period. Defed income is included in liabilities in the balance sheet. For legacy income, eniitlement 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 disiribution M'ill 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 itern is probable and that economic benefit can be measured reliablv. 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 paynent to a third party, it is probable that settlement will be required and ihe amount of the obligation can be measured reliably. All expenditure is accounted for on an accnbals basis, inclusive olany V A T hICh cannot be recovered. Expenditure on raising funds comprise the costs incurred in Tai5ing income frotn grants aT]d doT]ation5. Charitable expenditure comprises all costs of activities in furtherance of the objects of the charlty. 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 io join a defined contribution mone), 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 ha5 no liability be)'ond making its contributions and paying across the deductions for employees, contribulions.
THE HEXTOL FOUNDATION (COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 2024 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 900 1,020 2,030 16,107 1,700 12,529 4. Donations? grants and legacies I'Drestri¢ted Restricted Total 2024 Tolal 2023 funds funds Adapt (North East) Arnold Clark Community Fund Chuter Ede CIO CLA Charitable Trust Community Foundation Tyne and Wear and Northumberland - Curtin PARP 500 500 198 1,000 250 250 2,750 2,750 2,664 10,000 Cost of Living General Appeal Giving Network Prime Fund William Leech Charity Dr Elizabeth Calder Settlement Finnis Scott Foundation Frazer Trust 2,000 2,000 4,402 2,745 3,870 3,870 10,000 1,000 i 0,000 1,000 2,000 2,000 2,000 2,000 2,500 Freemasons of Northumberland Hadrian Trust 2,500 2,000 3,000 1,000 1,000 Hexham Town Council Karbon Homes Community Funding Lidl Local Communitv Fund Marsh Christian Trust National Lottery Community Fund Northurnberland County Council Platinum Jubilee Fund Postcode Neighbourhood Trust Prince of Wales Charitable Fund R W Mann Charitable Trust Sir James Knott Trust The 29th May 1961 Charity The Barbour Foundation The Boshier-Hinton Foundation The D'oyly Carte Charitable Trust The Edward Gostling Foundation The February Foundaiion The Hadrian Trust The Hedley Foundaiion The Hospital of God at Greatham The Inman Charity The J H Burn Charity Trust 3,500 3,500 2,000 2,000 600 600 19,833 500 25,000 25,000 1,500 1,000 5,000 5,000 3.000 5,000 3,000 2,000 1,500 4,000 4,000 25,000 25,000 5,000 1.000 1,000 4,240 3.000 3,000 5,000 300 300 79,900 37,203 117,103 57,749 12-
THE HEXTOL FOUNDATION (COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 4. Donations? grants and legacies Iconfinued) I'Drestricted Restricttd Total 2024 Total 2023 funds funds Balance brou]1 forward The Joicey Trust The Lion5 Club of TJTredale The Sir Jules Thom Charitable Trust The Smith (Haltwhistle & District) Charitable Trust The William Leech Charity Wellbank Foundation W M Donald Charitable Trust William Webster Charitable Trust Donations (including donated assets) 79,900 2,000 37,203 17,103 2,000 57,749 3,300 7,000 2,500 300 5,000 400 400 5.000 5,000 2,000 2.000 2,000 2,000 10,602 90,451 7,576 91,876 7,576 134,079 42,203 5. Income from charitable activities I"Drestri¢teil Restricted Total 2024 Tolal 2023 funds funds Trading income from: Hextol Gardening Hextol Greenbox Hextol Lunches Hextol Propertyworks Hextol Tans cafe Training income Other income 69.249 37,523 7.978 46,870 120.995 125 10,?45 292.985 69,249 37,523 7,978 46,870 120,995 125 10,245 292.985 76,447 31,302 6,779 48,658 81,424 10,085 954 255,649 6. Total expenditure Raising funds Charitable GoitrtLaDCt Total Total gfiiTrities costs 2024 2023 Direct Costs Staff costs Hextol Gardening Hextol Greenbox Hextol Lunches Hextol Propertyworks Hextol Tans cafe Professional fees Accountancy fees Loss on disposal Interest payable Depreciation Bad debts written off Allocaled support costs Staff costs Office costs 169,125 12.874 23,252 4.716 18,311 66.511 3,472 169,125 12,874 23,252 4,716 18,311 66,511 3,472 2,090 887 975 157,513 19,523 18,139 3,170 20,080 47,962 3,701 3,050 2,090 887 975 1,106 16,107 43 12,529 12,529 55,023 36,482 404.157 5,070 825 7,985 78,473 40,299 433,514 74,470 46,607 411,470 2,992 Governance costs 7,985 Total expenditure on charitable activities 41? 14? 13
THE HEXTOL FOUNDATION (COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 6. Total expenditure (conlinued) The aggregate staff costs were.. 2024 2023 Wages and salaries Social security costs Pension costs 232,197 9,016 6,385 247,598 219,074 7,428 5,481 231,983 The charity considers its key managemenl personnel comprise the Trustees and the Chief Executive The toL21 employment benefits of the key management personnel were £45,5J6 (2023: £46,000). There are no employees with emoluments above £60,000 per annum. The average number of employees during the year, analysed by function wa5 as follows: 2024 2023 Management Project staff 15 16 Trustees, remuneration and expenses The Trustees did not receive any emoluments during the year and were not paid or reimbursed for any expenses. 7. Tangible fixed assets Motor Office Furniture ehicle5 equipment and equipment Total Cost At l April 2023 Additions DisP05a15 55,245 20,268 53,521 1,035 (1,152) 129,034 (1,620) (2,772) At 31 Mareh 2024 55,245 18,648 53,404 127,297 Depreeiation At l April 2023 Charge for the year On disposa15 28.340 6.726 9,617 2,521 (1,385) 31,554 3,282 (501) 69,511 12,529 (1,886) At 31 Mareh 2024 10,753 34,335 80,154 Net book i'alue At 31 March 2024 20,179 7,895 19,069 47,143 At 31 March 2023 26,905 10,651 21,967 59,523 8. Debtors 2024 2023 Other debtors Prepayments and accrued income 14,982 5,337 18,206 3,840 20,319 22,045 14-
THE HEXTOL FOUNDATION (COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 9. Creditors: amounts falling due within one year 2024 2023 Bank loan Other taxation and social security Other creditors Accruals 5,549 12,014 8,951 5,881 5,556 10,765 12,238 5,689 201 Deferred income 34,448 10. Creditors: amounts falling due after more than one year 2024 2023 Bank loan 30,106 35,648 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 l O years. The loan carries InteSt at the rate of 2.5 %. The balance due after more than five years is £7,877. 11. Commitments under operating leases At 3 l March 2024 future minimum rentals payable under non-cancellable operating leases are as follows: 2024 2023 Within one year In two to five years 16,052 7,202 25,052 23,254 48,306 12. Analysis of n¢1 assets betiveen funds Tangible rixed Net Long lerm Total 2024 Tolal 2023 current assets assets liabilities Unrestricted income funds Restricted income fldS 5.811 50,246 23,835 (30,106) 25,951 65,167 29,363 68,205 74,081 (30,106) 91,118 97,568 Ano&ysis of nel ossels belweenfunds-previomsyear Tangible rixed Net Long lerm Total Total current 2023 2022 assets assets liabilities Unrestricted income funds Restricted income funds 6,852 52,671 58,159 15,534 (35,648) 29,363 68,205 64,525 98,412 59,523 73.693 {35,648) 97,568 162,937 15
THE HEXTOL FOUNDATION (COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 13. Restricted income funds Movemenl in resources: Balance Balance 2023 Income Expenditure Transfer 2024 Funds arpended on langiblefLred assets." New iyentures, job dayelopment training and support.. Adapt (North East) Chuter Ede CIO CLA Charitable Trust 52,671 (12,296) 40,375 60 (20) (250) (2,750) 40 250 2.750 Community Foundation Tyne and Wear and Northumberland - Curtin PARP General appeal - Prime Fund - Prime Fund Finnis Scott Foundation Freemasons of Northumberland Karbon Home5 - Community Funding Karbon Homes - Community Funding Lidl Local Community National Lottery Am'ards for All England Prince of Wales Charitable Fund The Boshier-Hinton Foundation The D'oyly Carte Charitable Trust The Hedley Foundation The Inman Charity The William Leech Charity Wellbank Foundation William Webster Charitable Trust 511 (511) {679) (468) 2.000 1,321 468 3,870 651 946 (295) (2,500) 2.500 603 2.000 (2,000) (306) (8,500) (1,49J) (966) (2,58J) (2,673) (507) (5,000) (40) {801) 306 19.833 1,493 966 4,000 1,417 2.673 507 5.000 5,000 4,960 1,199 2.000 68,205 {45,241) 65,167 Funds arpended on langiblefLred assets." The fund balance carried forward of £40,375 represents the net book value of assets acquired for grants already expended in previous years. New i)enlttres, job development Irainirtg andsupporl." £19,833 was received from National Lottery Aw'ards for All towards the Tans cafe rent. £5,000 was received from Wellbank Foundation towards the "Grow with Hextol" gardening project. £4,000 was received from The D'oyly Carte Chariiable Twst towards establishing a gardening project to improve mental health and socialisation for the elderly and people with learning diificulties. £3,870 was received from Community Foundaiion Tyne and Wear and Northumberland- Prime Fund towards the accredited beneficiary training programme. £2,750 was received from CLA Charithble Trust towards ihe Lowgate Project. £2,500 was received from Freemasons of Northumberland towards the Lunchclub. 16-
THE HEXTOL FOUNDATION (COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 13. Restricted income funds (conlinued) Reslricled incomefunds-previou5 Jeor Movemenl in resources: Balance Balance 2022 Income Expenditure Transfer 2023 Funds expended on langiblefLred assets." New iyentures, job dayelopment training and support.. Adapt (North East) Anton Jurgens Charitable Trust Community Foundation Tyne and Wear and Northumberland - Curtin PARP - Prime Fund Co-op Local Community Fund Cumbria, Northumberland, Tyne and Wear NHS Foundation 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 Bally 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 Williani Webster Charitable Trust 66,099 (14,636) 51,463 198 {138) (1,082) 60 1,082 2.664 2,745 {945) (2,277) (4,902) 1,719 468 4.902 29 (29) (1,054) 2,000 1.000 1,000 946 603 (694) 306 500 {500) (J,600) (7) (1,000) (20,000) {534) (5,000) (1,567) (4,49)) 3.600 1,500 1.000 1,493 20,000 1.500 5,000 4.240 5,000 5.000 966 2,673 507 5,000 2,200 500 (2,200) (600) 100 2,000 2,000 98,412 35,447 (65,654) 68,205 14. Related party transactions The charity has not entered into any related party transaciions during the year, nor are there any outsLqnding balances owed between related parties and the charity at 31 March 2024. 17