| Page | ||||
|---|---|---|---|---|
| Reference | and administrative | details | ||
| Trustees' | report | 2-5 | ||
| Trustees' | responsibilities statement |
|||
| Independent auditor's |
report | 7-10 | ||
| Statement | offinancial | activities | ||
| Balance sheet | 12 | |||
| Statement | ofcash flows | 14 | ||
| Notes to the financial | statements | 15-23 |
| Unrestricted | Total | Total | |||
|---|---|---|---|---|---|
| funds | funds | funds | |||
| Note | 2021 E |
2021f | 2020 | ||
| Income from: | |||||
| Donations and legacies |
565,000 | 565,000 | 1,280,000 | ||
| Investments | 189,872 | 189,&72 | 237,039 | ||
| Total income | 754,872 | 754,872 | 1,517,039 | ||
| Expenditure on: |
|||||
| Investment management |
fees | 204,344 | 204,344 | 170,812 | |
| Charitable activities |
2,563,405 | 2,563,405 | 1,295,540 | ||
| Total expenditure | 2,767,749 | 2,767,749 | 1,466,352 | ||
| Net (expenditure)/income | before net gains on | ||||
| investments | (2,012,877) | (2,012,877) | 50,687 | ||
| Net gains on investments | 3,8?0,506 | 3,870,506 | 5,046,070 | ||
| Net movement in funds |
1,857,629 | 1,857,629 | 5,096,?57 | ||
| Reconciliation offunds: |
|||||
| Total funds brought forward |
33,348,563 | 33,348,563 | 28,251,806 | ||
| Net movement in funds |
1,857,629 | 1,857,629 | 5,096,?5? | ||
| Total funds carried forward | 35,206,192 | 35,206,192 | 33,348,563 |
| 2021 | 2020 | |||||
|---|---|---|---|---|---|---|
| Note | E | |||||
| Fixed assets | ||||||
| investments | 32,489,575 | 31,154,536 | ||||
| Programme related |
investments | 49,978 | 57,984 | |||
| Total investments | 32,539,553 | 31,212,520 | ||||
| Current assets | ||||||
| Debtors | 227,440 | |||||
| Cash at bank and in | hand | 3,422,596 | 3,257,549 | |||
| 3,422,596 | 3,484,989 | |||||
| Creditors: amounts | falling due within one | |||||
| year | 9 | (755,957) | (1,348,946) | |||
| Net current assets | 2,666,639 | 2,136,043 | ||||
| Total assets less current liabilities | 35,206,192 | 33,348,563 | ||||
| Total net assets | 35,206,192 | 33,348,563 | ||||
| Charity funds | ||||||
| Restricted funds |
10 | |||||
| Unrestricted funds |
10 | 35,206,192 | 33,348,563 | |||
| Total funds | 35,206,192 | 33,348,563 |
| 2021 | 2020 | |||
|---|---|---|---|---|
| Note | E | |||
| Cash flows from operating activities |
||||
| Net cash generated by / (used in) operating |
activities | 11 | (2,568,298) | (345,421) |
| Cash flows from investing activities |
||||
| Dividends, interests and rents from investments |
189,872 | 237,039 | ||
| Proceeds from sale ofinvestments | 7,785,569 | 4,637,672 | ||
| Purchase ofinvestments | (5,250,102) | (5,831,714) | ||
| Receipts from programme related investments |
8,006 | 17,195 | ||
| Net cash provided by/(used in) investing |
activities | 2,733,345 | (939,808) | |
| Change in cash and cash equivalents in |
the year | 165,047 | (1,285,229) | |
| Cash and cash equivalents at the beginning |
ofthe year | 3,257,549 | 4,542,778 | |
| Cash and cash equivalents at the end of |
the year | 12 | 3,422,596 | 3,257,549 |
| Grant | ||||||
|---|---|---|---|---|---|---|
| funding of | Support | Total | Total | |||
| activities | costs | funds | funds | |||
| 2021 | 2021 | 2021 | 2020 | |||
| f. | ||||||
| Grants avvarded | (note | 5) | 2,556,322 | 7,083 | 2,563,405 | 1,295,540 |
| Total 2020 | 1,291,653 | 3,887 | 1,295,540 | |||
| Analysis ofsupport | costs | |||||
| Total | Total | |||||
| funds | funds | |||||
| 2021f | 2020 | |||||
| Sundryexpenses | 150 | 287 | ||||
| Audit and professional | fees | 6,933 | 3,600 | |||
| 7,083 | 3,887 |
| Unrestricted | Total | Total | |||
|---|---|---|---|---|---|
| funds | funds | funds | |||
| 2021 | 2021 | 2020 | |||
| K | |||||
| Beamish Museum | 160,600 | 160,600 | |||
| Blyth STEM | 50,000 | ||||
| Calvert Trust | 200,000 | ||||
| Centre for Life | 10,000 | ||||
| Cranfield University |
30,000 | ||||
| Discovery Museum | 80,000 | ||||
| First Lego | 38,650 | ||||
| IET | 28,000 | ||||
| Kielder Observatory | 25,000 | ||||
| Maggies Centre, | Freeman | Hospital | 50,000 | ||
| Mission Discovery | 27,500 | 27,500 | |||
| National Literacy |
Trus | 30,362 | |||
| NEIMME | 100,000 | 100,000 | |||
| Nissan | 64,000 | 64,000 | 41,000 | ||
| Northumberland | National | Park | 100,000 | 100,000 | 250,000 |
| Newcastle University |
22,400 | 22,400 | 30,000 | ||
| Northumberland | Wildlife Trust | 2,018,800 | 2,018,800 | ||
| Primary Engineer | programme | 25,000 | 25,000 | 25,000 | |
| Scoutek Ltd | 25,000 | 25,000 | |||
| Sheffield University |
14,000 | ||||
| Starlight Education |
33,000 | 33,000 | |||
| St Cuthberts School |
21,000 | ||||
| Success for all | 40,000 | ||||
| Teen Tech | 33,000 | 33,000 | 36,000 | ||
| RGS | 85,000 | ||||
| The Sill | 20,000 | 20,000 | 20,000 | ||
| Tyne River Trust | 70,000 | ||||
| Villiers Park | 100,000 | ||||
| Other grants (below f20,000) | 198,458 | 198,458 | 79,211 | ||
| Grants from prior | years released | (271,436) | (271,436) | (61,570) | |
| 2,556,322 | 2,556,322 | 1,291,653 |
| Listed | ||
|---|---|---|
| investments | ||
| Cost or valuation | ||
| At 1 January 2021 | 31,154,536 | |
| Additions | 5,250,102 | |
| Disposals | (7,785,569) | |
| Revaluations | 3,870,506 | |
| At 31 December 2021 | 32,489,575 | |
| Net book value | ||
| At 31 December 2021 | 32,4&9,575 | |
| At 31 December 2020 | 31,154,536 | |
| 7. | Programme reiated Investments |
| Programme | |||||
|---|---|---|---|---|---|
| related | |||||
| investments | Total | ||||
| Cost | |||||
| At 1 January | 2021 | 57,984 | 57,984 | ||
| Repayments | (8,006) | (8,006) | |||
| At 31December 2021 | 49,978 | 49,978 | |||
| 8. | Debtors | ||||
| 2021 | 2020 | ||||
| K | E | ||||
| Due within | one year | ||||
| Amounts | owed by related undertakings | 226,903 | |||
| Prepayments | and accrued income | 537 | |||
| 227,440 |
| 2021 | 2020 | |||
|---|---|---|---|---|
| f. | E | |||
| Grants awarded | but not yet paid | 752,157 | 1,345,346 | |
| Accruals and deferred | income | 3,800 | 3,600 | |
| 755,957 | 1,348,946 |
| Statement of | funds - curr | ent year | ||||
|---|---|---|---|---|---|---|
| Balance at | ||||||
| Balance at 1 | 31 | |||||
| January | Gains/ | December | ||||
| 2021 | Income f |
Expenditure | (Losses) | 2021f | ||
| Unrestricted | funds | |||||
| General funds | 33,348,563 | 754,872 | (2,767,749) | 3,870,506 | 35,206,192 |
| Balance at | ||||||
|---|---|---|---|---|---|---|
| Balance at | 31 | |||||
| 1 January | Gains/ | December | ||||
| 2020 | Income | Expenditure | (Losses) | 2020 | ||
| E | E | F | ||||
| Unrestricted | funds | |||||
| General funds | 28,251,806 | 1,517,039 | (1,466,352) | 5,046,070 | 33,348,563 |
| Reconciliation ofn |
et movement in fund |
s to net cas | h flow from ope | rating activities |
|
|---|---|---|---|---|---|
| 2021 f |
2020 E |
||||
| Net income for the year (as per Statement | of Financial | Activities) | 1,857,629 | 5,096,757 | |
| Adjustments for: |
|||||
| Gains on investments | (3,870,506) | (5,046,070) | |||
| Dividends, interests |
and rents from investments | (189,872) | (237,039) | ||
| Decrease/(increase) | in debtors | 240,925 | (227,440) | ||
| Increase/(decrease) | in creditors | (606,474) | 68,371 | ||
| Net cash used in operating activities |
(2,568,298) | (345,421) |
| 2021 K |
2020 f |
|||
|---|---|---|---|---|
| Cash in hand | 3,422,596 | 3,257,549 | ||
| Total cash and cash | equivalents | 3,422,596 | 3,257,549 | |
| 13. | Analysis ofchanges | in net debt |
| At 1 | At 31 | |||||||
|---|---|---|---|---|---|---|---|---|
| January | December | |||||||
| 2021 | Cash flows | 2021 | ||||||
| Cash | at | bank | and | in | hand | 3,257,549 | 165,047 | 3,422,596 |
| 3,257,549 | 165,047 | 3,422,596 |