##
##
##
##
|||||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|
##
##
##
##
##