Charity Reglstration No. 1121739
coM￿nY Rogistratlon No. l)6428200 (England and Walgs)
BALLINGER CHARITABLE TRUST
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2020
*AAEIR9RH*
2910912021
COPJPANIES HOUSE
A26
#175

BALLINGER CHARITABLE TRUST
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Mrs D Ballinger
Mrs N Crowther
MrA Ballin9er
Mr J Flynn
S•¢r•tary
Ms J L Thomas
Charlty nuM￿r
1121739
Company nurn￿r
06428200
R•gi$l•r•d offic•
cio IAtNnble 8orKI Dickinson
112 Quayside
NeKastle Upon Tyne
Tyne and IlÈar
United Kingdom
NE130X
Auditorn
David Naim (Senior StatutoryAudrtoi)
AzetsAudit Servtts
Bede House
3 Beknonl Buwness Pa
Durham
DH1 1TW
United lQngd
Investment •dvlsors
UBS
2 Sl James Pla
Newcast￿ UFK)n Tyne
Tyne & ￿tar
NE4 7JH
England

BALLINGER CHARITABLE TRUST
CONTENTS
Pag•
Trustees, report
Statement of trustees. respons*Jilrti8s
Independent auditorfs report
Statement of finanoal acbvilies
Balance sheet
10-11
Stalemenl of ¢ash fttyvs
12
Notes to the financial Statements
13-23

BALLINGER CHARITABLE TRUST
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 DECEMBER 2020
The trustees present their report and financial statements for the year ended 31 December 2020.
The financial slalements have teen prepared in accordance with the accounting poI￿leS set out in note 1 10
the financial slalements and comply with the charitable company's governing document, the Companies Act
2006 and "Accounting and Repo￿ng by Charities". Ststement of Recommended Practice applicable to
chanties preparing their accounts in ac¢ordance with the Finanual Repcffting Stsndard applicable Ni the UK
and Republic of Ireland {FRS 1021 (effective 1 January 20191".
Objectives and activEtles
We grant money to Charitable causes a¢￿dIng lo the priwities we have chosen lo support. The mon&y
comes from inojne generated by the investments held by the charitable company. In makn'ng dectsions abL)uI
wh￿h causes to support we are guided by the requirements of the Chanty Commission to fvrther publ
Pr￿[ to Ihe Cowd pandemic. we would invite applicatsws for grants either bekyw ￿ over £5.000 via our
website
ercha
rust.
Since the outset of the Covtd paTrdem￿, we have gxperienwl
reduced income from our asset portfolio. have pmritised our e￿$tr.ng Mult￿Year grantees using our cash
reSe￿e9, and offered ￿•bilIty on use of funding and extendlng the period for expenditure. Most cl our
grantees with muEts'_year grants expiring in 2020 have received the offer of a conb'nuation grant for an
additional 12-monlh period. Many grantees have wuesled deferrals of granl payments. as they were able to
access short-lem Covid support gfants. made avaikble by the UK Govemment and distributed by other
funders such as the National Lottery COMMUnrt￿ Fund_
Our online application system has teen paused since April 2020. Our average grant is currentty £15.Crf)O, with
the highest grant being awarded in a single year £600.000 and k)wesl £250.
Our workiTrJ team of Trustees Andrew. John and Nikki. supported by our Trust Co-ordinator, Joanne. visit
prosFeclive and current grant holders as part of due dil¢gence and monitoring. For grants over £5,000. we
scrutinise applicatKJns and due diligence material ￿ quarterly Tfustee meeb.ngs attended by all Trustees and
our Trust Co•OTdinator.

BALLINGER CHARITABLE TRUST
TRUSTEES. REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 DECEMBER 2020
A¢hievem•nts and p•rfomian¢•
In the last year, we continued to focus our larger grants on donating to children and young peop￿ in areas of
deprivation and lo older people experiencing dementia. Ive also eonlinued our non-9rant making work lo".
help charities ￿labOrate suecessfulty to access funding
conneel wth other funders both to redue* mults.ple applThb'ons by charrt*s to mulliple funders and to
bring new funder5 to the attent￿ of Ictal charitie5
identify where govemance and management ¢hange5 can enable peopbe to realise their ambrtions for
their charity
We further expanded the number of small grants we make to community group grantees who a￿ delivering
very localised support to their ci>mmunilies. Andrew and John wularty attend funding fairs across the region
to help us direct our grants in this way. ￿ also continue to woth with local councillors, local eouncils and civil
society infrastructure Organisat￿nS to h*ntrfy community groups to supp)rt
In late March 2020, the TnJslees decKled to provN4e small grants to tharitsble organisats.ons supporting
benefL'aries with emergency food and essent&als supplies through the earty stages of the COVKI pandemic.
We provided 87 grants of £2SO to £1.000. totslling £53.300. ceased Ihis small grants programme al the
start of May 2020
Our priorities remain the same across all of our wo￿. Through the year we made grants totslling £1.637,462
(2019.. £2,274.556) from InC￿e of £2.183.491 {2019.' £3.568.9281. Due to the red(rced income from our
assets, we utilised our available cash reserves. In the I￿h1 of low interest rates and the decrea￿ asset value
of the charrtable company, the Trustees have also arranged a k￿n facility wrth our investment managers UBS
Wealth Management Ltd {"UBS') of £1.5(KJ,000. secured against the assets of the tharitable company. The
loan was not utilised in 2020.
Our grant-making and non-grant-making has been well $upported by ￿r Tru$1 Co-ordinator Joanne and
our website.
In the post balance period, our asset Fortfolio continues lo receive reduced income levels compared with the
period pre-covid pandemic. continue lo offei conb"nualion grants on a 12-month basis to those grantees
with expiring mulli-year grants, and new grants to charitable organisalions we have hJenlrfied through our
lunder nefv￿rk and relatKJnships. In part due lo some of our grantees requesting deferTal in grant payments in
2020 and through the first half of 2021. our UBS loan was onty utilLsed in June 2021. expect to have circa
£1,070,000 of the loan facility in use by Ihe end of 2021.

BALLINGER CHARITABLE TRUST
TRUSTEES. REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 DECEMBER 2020
Flnancial revlew
Free reserves, which are funds available to the charitable company. stand al £29.830,436 12019.
£40,356.7771, equivalent to the total income funds ￿5S designated funds and tsngibbE assets Sel out in the
balance sheet
Investments betsyeen balance sheet dates have decreased in value this year from £41.186.755 10
£30,773,219. refflecting the impact of the Covid pandemic on stcK* market valuations in 2020.
During 2020. the holding of Go Ahead Group pt shares was increased. but the overall value d￿reaSed from
2019. The planned April 2020 dividend payment by Go Ahead Group was cancelled. and dividends were not
reinstated through 2020. The remainder of portfolio undef management by UBS Wealth Management Ltd
I'UBS") also decreased in both value and yietd UBS and we. Ihe Twstees. have agreed an appropriate risk
Profile for Ihe investments managed by UBS on our behaw. IAÈ keep investments under review wrth regular
discussion with UBS and UBS benchmark investsnent portfolio perfrnnce.
The majority of the income donations to the charitable CCAnpany are in the form of stock and total
£1,720.075 12019 - £1.754.9961. The $tc<k ts being donated over a finite per￿. The tharrtable ccynpany's
reserve policy is to seek lo establish a sound capital base to all¢)w On-wing inveslmenl income lo grow. We
intend that investrnent income alone will rr*et future expendFture wuirements of the charitable company.
We a$sess major risks for the charitsble company and are satisfY4d that systems are in place to mftigate
exposure lo the major risks. The fv40 major risks are firslty that invesb)7ents fall s￿n￿lCantIY in value. which is
mitigated by our relationship with UBS. and secondly that granlees. charilies who receive grants from us,
misuse the funds provided. We minimise the latter risk by assessing charrties prior lo making larger donations
and subsequent monitoring Ihrough the donation period using written reports and in-person visits.
expect to meet all designated funding commilmnts in the ccthing year and to continue to SUFP)rt
charities to c4)mplele proiects. which fulfil our priorii*s. ThpJe are no uncertainties at the year-end regarding
going concem.
We expecl to continue the above Wofk streams. which we manage thrwgh the working team. our website and
the pattern of Truslee decision-making currentty in OFeration.
At any cfft time, we ha￿ a number of multi-year grants for vthich we sel aside funds - d8signat8d funds.
Infomiation on these grants can te found at note 16 to the accounts.
Stru¢tur•• gov•rnan¢¢ and manag•m•nt
In 1994. Martin Ballinger set up a tharItab￿ f0uftdat￿n. The Baninger Charilable Trust, using part of his
shares and divbyend income from Go-Ahead Group plc. whKh he had co-founded in 1987 as Go Ahead
Northem Limited, following the privalisation of the Northem Bu5 Company. The Principal airns of the new
foundation were to benefit the young and the old in the North Easi ol England, the home territory of both
Martin Ballinger and Go Ahead Northem Limited. Martin Ballingefs bequest ol Go Ahead Group plc share5 in
2007 increased the capital of the foundation and has enabled us lo make £19,833.609 of grants since that
dale. That same year the foundatrjn changed consb"tution to beccrfne a company limited by guarantee arKI
Trustees became Directors of the compony. 9)ver￿d by c￿panY L•¥.
The charity is a company limited by guarantee and is therefo￿ govemed by a memorandum and articles of
association. The memorandum and artides of association govem eligibilty for membersh￿) of the charity and
membership of the Board of Trustees. The￿ are no restrict￿￿5 in the goveming document on the operalton of
the charity or on ils investment powers other than those imposed by general charity law. None of the TTUStegS
has any beneficial interest in the company. Ail Trustees are members of the company and guarantee to
onlribute £1 in the event of a winding up.
The organisaticffi is govemed by a Board of Directots, whKh consists of nominated members.

BALLINGER CHARITABLE TRUST
TRUSTEES. REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 DECEPABER 2020
The directors are responsible for the management and control of Tf* 88llinger Charitabb8 TnJ8t and the
overall direction of its wort. Those who semd during the yearwere."
rs O Ballinger
rs N Crowther
MrA Ballinger
Mr J Flynn
The directors are stin referred to in their day to day work as truste8s. No Irusteè recruitmgnt is C41rrentty taking
p18ce and we are not expecting to appoint new truslees.
Auditor
In ar£ordance wth th& cofflpffj's artide*S. a resoluiKffl Frfowsing IhatAzetsAudit Serw¢es (formerfy
Rowlands AcrL*untants) be rèappointed as auurtor of the company will be at a General Meeting. The report
of the directors has been prepare¢J tskn.ng advantage of the small companies exèmption of secb.on 415Aof the
Companies Ad 2￿6.
Dl$cloBUrn of Inforniatlon to audltor
Each of the tnjstees has confinned Ihat there B no infcKmab"on of which they are aware which is rBlevant to
the audit, but of which the auditor is unaware. They have (urlher o)nfim)ed thal they have taken appropriate
steps to identsfy suth rElevant iTrforni81ion and to establish that the audrtor is aware of suth infom)ation.
The Iwstees. report was approved by the 8oard of TNstee$.
Mrn 0 8alllnger
Trustse
Dated. 81 -..fl.-..?oJ )

BALLINGER CHARITABLE TRUST
STATEMENT OF TRUSTEES. RESPONSIBILITIES
FOR THE YEAR ENDED 31 DECEMBER 2020
The trustees. who a￿ also the directors of Ballinger Charitable Trust for the purpose of rKJrnpany law. are
responsible for preparing the Trustees. Report and the accounts in xcordance with applicable law and Uniled
Kingdom Aecounbng Standards {Unrted Kingdom Generalty keepted Accounting PraclKe}.
Company Law requires the trustees to prepare &counts each financial year whKh give a true and fair view of
the slate of affairs of the charitsble eompany and of the incoming resources and appltitKJn of resources.
induding the in¢ome and expenditure, of the chantable company for that year.
In preparing these ￿COUnts, the trustees are required to..
- select suitablè accounting pol￿eS and then them con$istenty'.
- ObSe￿e the Meth￿j$ and principks in the Chaiities SORP:
- fflake judgements and estimates that are reasonable and prudent"
- stste whether applicable UK Accounting Sland¥d$ have been folk7wed, subj'ect to any malgrial departure$
discbsed and explained in lh8 accounts" and
- prepare the accounts on the gow¥J Co￿eM baws unless it ts inwopriale to presume that the Chartsble
company will conts'nue in operaknon.
The trustees are ￿sponSible for keeping adequate accounting rec4Nds that disdose with reasonable accuracy al
any lime the financial pogth.on of the charitable company and enable them lo ensure that the accounts comply
wrth the Companies Acl 2006. They a￿ also wponsIb￿ for safeguarding the assets of the Charitsble company
and hence for taking reasonable steps for the preveftt￿ft and detection of fraud and other irregularities.
The trustees a￿ ￿s￿nsIble for the maintenance and integrity of Ihe corporate and finanual infomialion
included on the charitsble company's website. Legislat￿ in the United Kingdom governing the preparation and
dissemination of finanual statements may dffier from legi￿atIon in olheriurisdKlion$.

BALLINGER CHARITABLE TRUST
INDEPENDENT AUDITOR'S REPORT
TO THE TRUSTEES OF BALLINGER CHARITABLE TRUST
Opinion
We have audited the financial statements of BallirwJer charitab￿ Trust {Ihe 'Chant*)￿ company'} for the year
ended 31 December 2020 which comprise the statement of financial activtl]'es. the balance sheet, the statement
of cash Ilows and the notes to the finanual ststemenls. including ￿nIfiCant accounting polic￿S. Thfr financial
porting framework that has been applied in their preparation is applicab￿ law and Unlted kn'ngdom Accounting
Standards, including FRS 102 The Finanu81 Rep)rting Sland8rt1 applicable in the UK and Republic of I￿l￿nè
(Unrted Kingdom GeneraltyAccepled Accountsng Practsce).
In our opinion, the financial statements".
give a true and fair view of the stale of the chafTlabl& company's affairs as al 31 L)ecember 2020 and of its
incoming resources anLY applicatKJn of resources, for the year then ended.
have been property prepared in accordance with United Kingthim Generalty Accepted Acwunling Practu..
and
have been prepared in a(tsrdancÈ with the requirements of Ihe Com￿leS Act 2006.
Basis for opinion
We ￿ndUCted our audit in accordance with International Slandards on Audrting (UK) IISAS (UK)) and applicable
law. Our respon$ibilitie$ undef those standards are further described in the Auditorfs responsibilities for the audit
of the financial statements secb'on of our ￿￿<)rt. a￿ independenl of the charrtable COm￿nY in accordance
with Ihe ethical ￿qUIrements that are rdev8nt lo our audit of the financial statements in the UK, including the
FRC'S Ethical Slandard. and we have fulfilled our other ethical ￿$r￿)nsIbilitieS in accordance with these
requirements. We believe that the audit evidence we have obtained is Sufficient and appropriate to provide
basis foi our opinion.
Con¢lu$ionts relating to golng ¢on¢em
In auditing Ihe financial statements, we have concluded thal the trustees, use of the going concem basis of
accounting in the preparation of the finanual ststements is appropriate.
Based on the Work we have performed. we have not Akntified any maierial uncertainties rek2ting to events or
conditions that, individualty of ￿llectiVely. may cast signrfKant doubt on the charitable company's ability to
onb.nue as a going concern for a ￿ri{¥J of al lea$1 iwelve months from when the financial $¢atements are
aulhorised for issue.
Our responsibilities and the reS￿)nSibIl￿S of the trustees with respect to going concern are described in the
relevant sections of this report.
Other Information
The other infomation compnses the information induded in the annual ￿POrt other than the finarrial statements
and our auditorf5 report thereon. The trustees are respJnSib￿ the other information contained within the
annual report. Our opinion on Ihe financial ststeffents does not cover the other information and we ¢*J not
express any fofm ol assurance conclusion thereon. Our responsikn.lity is to read the other information and, in
doin9 so, consider whether the other information is materialty inconsistent with the finanaal statements or our
knowledge obtained in the wurse of the audit. or othe￿iSe appears to be materialty misstated. If we identify
such material Inconsistencies or apparent material misstatements, we are required lo determine whether this
gives rise lo a malerial misslatemenl in the financAal stslements 1heMse￿e$. If. based on the work we have
perfomed, we conclude that there is a materkql misslalemenl of this other information, we are reqUI￿d lo report
that fact.
have nothing to report in this regard.

BALLINGER CHARITABLE TRUST
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF BALLINGER CHARITABLE TRUST
M*ttgr¥ on whieh we •rg requlred to report by exception
We have nothing to rew1 in respect of the following matters in relation lo whith the Charitie5 (Accounts and
Reports) Regulations 2CQ8 require us lo report lo you rf. in our opin￿n-
the inf0m￿tion given in the financial statements is inconsstent in any material respect with the trustees,
report., or
sufficient accounting Tecords have not been kept. or
the financial statements are not in agreement wth the accounting Tecords.. or
we have not received all the informatK)n and explanatsons we require for our audit.
Responsibilitle$ of tn￿1••$
As explained more lully in the Statement of Trustees, Resp￿)5￿¥111be$. the tsustees. who 8re also the direclors of
the charitsble company for the purpose of C4Thpany law. are respOn￿ble for the preparation of the aotounts and
for being sats'sfied that they gNe a true and fair view. and for such inlemal control as the Iruslees delemine is
necessary to enable the preparation of acuunts that a￿ free frcth rnatenal mis5talement. whether d￿ to fraud
or error.
In prepafing the accounts, the trustees are responsible for assessiThJ the eharilable eLJmpany's ability lo continue
as a going cOn￿r￿, disdosing, as appIThb￿, matters re￿ted to going concem and using the going eoncem
basis of accounting unless the Iruslees erther intend to IiquKlate the company or to cease operations. or have no
realisbc alternative but to do so.
Auditorfs responsibllltles for the audit of the financlal statements
We have been appointed as audrtor under section 144 of the Chanties Act 2011 and report in accordance with
the Act and relevant regulations made or having effect Ihereunder.
Our objectTves a￿ to obtain reasonable assuran￿ about whether the financial statements as a Who￿ are free
from material misstatement, whether due to fraud or error, and to issue an audrto¢s re￿rt that includes our
opinion. Reasonable assurance is a h￿h level of assuranee but Is not a guarantee that an audrt conducted in
accordance wth ISAS {UKI will a￿ayS detect a material misstslemenl when rt exists. Misstatements can arr5e
from fraud or effoi and are considered malerial rf, individualty or in the aggregate. thèy could reasonably be
expected lo influence the eo)nwic decis￿$ of users taken ts) the basis of these financral statements.
A further deseriplKJn of our responsibilities is avaiLable on the Financial Repoth"ng Council's webstle al: hltps.'Il
vrnw.frc.org.uklaudrtorsfftsponsibilities. This description loThns part olour audilorfs report.

BALLINGER CHARITABLE TRUST
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF BALLINGER CHARITABLE TRUST
Extent to which the audit was considered capable of dotecting iwregularltl•s, including fraud
Irregularib"es. incjuding fraud. are instances of non-compliance with laws and cegulalions. ￿ dewgn prfxedures
in line with our responssbllit￿s, outlined above and on the Financial ReF()rting CounrAI's website. to detect
material misslatements in respect of irregulalrt￿. i1￿￿dIng fraud.
We obtain and update our understanding of the entity, ts activitEs. its contfol environment, and likely fulure
developments, induding in relat￿n to the legal and regulatory framework appl￿b￿ and how the entty 1$
complying with that framework. Based on this understanding, we identfy and assess the risks of material
misstaternent of the financial ststements. whether due to fraud or error, design and perfonn audit procedures
responsive lo Ih05e risks. and obtain audTt ewdence that is suftienl and 8PPfOPri8te lo provide a basis for otsr
opinion. This includes consideration of the nsk of acts by the entty that were contrary to ap￿1¢able laws and
regulations. including fraud.
In response lo the risk of Ir￿ularItieS and I￿￿e¢1Mpl￿8nc£ with laws and regulaticffls. including fraud, we
designed Procedu￿ which induded..
Enquiry of management and those charged wilh go¥emance around actual and Fthnlial liligalion and
claims as well as actual. suspected and alleged fraud..
Reviewing minutes of meetings of those charged ￿th go¥emance:
Assessing the extent of compliance wrth the L3ws and regulations considered to have a direct material
effect on the financial ststements or the operatK)n5 of the entsty through enquiry and inspection",
Reviewing financial ststemenl disdosu￿s and lestsng to supporting dc¢umentation to ossess
compliance with applicable laws and regulations-
Performin9 audit work over the risk of management arKI overrKJe of controls. i￿luding testing of
journal entries and other adjustrnents for appropriateness, evaluating the business r8tionale of
stgnrficant Iransacb'ons outside the n￿1 course of l)usines$ and rev*wing accounting e$tsmale$ for
indicators of potential b￿s.
B￿ause of the inherent limilations of an audrt there is a risk that we will not detect all irregularities, including
those leading lo a material misstatement in the finanaal $tatements or non<omplrance with regulatsr)n. This risk
increases the mofe that complianco with a l•v or regulation is removed fr¢)m the events and transactions
reflected in the finanaal statements, as we will be less likety to become aware of instances of non-
compliance. The risk of nol detecting a material missktemenl resulting from fraud is higher than for one
resultsng from error. as fraud rnay involve crAlusKJn. forgery. intentional omissions, misrepresentslions. or the
override of intemal control.
David Nairn (Senlof SL*tutory Auditorl
for and on behalf of ￿et* Audil S•r4iC
Chart•r•d Ac¢ountants
Ststutory Audltor
e House
3 Belmnt Busin￿ Park
Durham
United ￿'n9th)m
DH1 1TW
Azets Audrt Services is eligib￿ for wointment as auditor of the Charrtab￿ company by vA1ue of its eligibility for
appointment as auditor of a eompany under of sedion 1212 of the Companies fv£t 20C6.

BALLINGER CHARITABLE TRUST
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2020
Unrestrlcted Unreslricled
fund$
funds
2020
2019
Inco
• and •ndo
Donations.and le9aa.es
Investments
Olher incomo
nts
1,720.075 1,7S4,996
438.416 1,676,322
25,000
137,610
Total in¢ome
2.183.491
3,568,928
Raising funds
23,910
41.482
Charitable Xli￿tieS
1,689.427 2,329,097
Total rn$ources •xpond•d
1.713,337 2.370.579
Net gaIn￿l￿$S0$1 on invesknents
112.008.5501 8,362,859
Not movement In funds
111.538,396) 9.561.008
Fund balances at 7 January 2020
42,859,632 33,298,624
Fund balanc08 at 31 De¢•mber 2020
31.321,236 42,859.632
The statement of finanual activilies includes all gains l¢)sses recognised in the year.
All incorne arKI expenditure defive Irom continuing acbvibes.
The statement of financial athties also ¢￿￿pIreS with the requirements.for an meome and expenditure account
under the cOmpan￿sACt 2008.

BALLINGER CHARITABLE TRUST
BALANCE SHEET
AS AT31 DECEMBER 2020
2020
2019
Not•s
Flxed ass¢ts
Tangible assels
Investrnents
11
12
1.709
30.773.219
1.871
41,186,755
30.774,928
41,188.626
Current assets
Debtors
Cash at bank and in hand
13
47.826
510.422
30,197
1.652,450
558.248
1.682,647
Creditorn: amounts falling due within
on• year
14
{11.9401
111,641)
Net current assets
546.308
1.671.006
Totsl assets loss currenl Ilabiliti
31,321.236
42.859,632
Income funds
Designated funds
General unrestricted furKIs
15
1.489.091
29.832.145
2.500,984
40,358.648
31.321.236
42.859,632
31.321.236
42,859.632
10-

BALLINGER CHARITABLE TRUST
BALANCE SHEET (CONTINUED)
AS Af 31 DECEMBER 2020
The company is ents'ued to Ihe exemption frDm the audit requirement contained in seciion 477 of the Companigs
Atx 2￿6, for the year ended 31 December 2020, arthough an 8udtt has been ￿t undor section 144 of
the Charilies Aci 2011.
The tfustees are responsible for ensunng tr￿t thg tharity keeps accounting records whith comply wth section
386 of the Ad and for preparing aco)unts whith give a and fa￿ view of the state of affairs of the rnmpany as
at the end of the finanaal year. They are also responsible for its incoming restyjrces and applvbon of
rgsourr£s. induding ils income and expendtture for the finanoal year in accordanc4 with the requirements of
sections 394 and 395, and for compli8nc* the requirements of thg Companies Ad 20C6 relab.ng lo
accounts, $0 far as applicable.
The members hava t70t required the company to obtain an audit of its financial 8t8tements under the
requirements of the Companies Act 20C6. for the year ￿ question wi accordance with sethon 476.
These financial 8ts1ements have been prepared in aC￿rdanc￿ with the provision8 applicable to c4)mpanies
subject to the small ￿mpanIeS regime.
Tho finanaal state
ntswere approvgd by the Trust88s¢n...................
MrA Ballinger
Company Rowlration No. l)64282110
11

BALLINGER CHARITABLE TRUST
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2020
2020
2019
Cash flows from operating activiti•8
Ca$h generated fromllabsorbed by)
operations
19
14.835
(435.672)
Investing actlvltles
Purchase of tsngible fixed assets
Purchase of investments
Proceeds on disposal of investrnents
Investment income receive(I
1265)
(11.043,4461
9,448,432
438,416
11,3681
(9,353,367)
8,189.242
1,676.322
Nrt cash lus•d Inllg•nwated from
Invostlng activities
{1.156,863)
510,829
Nel ¢a6h used in flnancing activities
Net {decrease)fiTr¢r•asa in ¢a$h and cash
equivalents
(1.142.028}
75,157
Cash and cash equivalents at beginnng of year
1.652.450
1,577,293
Cash and Cash •qui¥al•nts al end of y••r
510.422
1.652,450
12-

BALLINGER CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2020
Accounting polici•#
Company infornlation
Ballinger Charitsble Tfust is a private company limrle(I by guarantee incorporated in England and Wales.
The registered office is CIO Kbmble Bond DKkinson. 112 Quayside, Newcastle Upon Tyne. Tyne and
Ihtsar, NE1 30X. United Kingdcmn.
1.1 A¢¢ounting conventlon
The financial statements have been prepared in accordarKe witti the charitable companls goveming
document, the Compan￿$ Acl 2006 and -A￿Unts"ng and Reporting by charit￿.. Staternent
Recommended Practice appli¢able to chariti'es preparing their accounts in accordance with the Financial
Reporb'ng Standard applicable in the UK and Republic of Ireland {FRS 102) leffectNe 1 January 20191"
The charitable company is a Public Benefft Enb"ty as defined by FRS 102.
The financial ststements have departed from the Charitses (Accounts and RerK)rtsl Regulations 2008 only
to the extent required to pmvide a true and fair view. This departure has involved following the Stslement
of Recommended Practice for charities applying FRS 102 rather than the verson of the Statement of
Recommended Practice which is referred lo in the Regulations bul whith has since been wilhdiawn.
The financial statements a￿ prepared in sleding, whth is the fvnctional cuT￿neY of the charitab
company. Monetary amounts in these fInanc￿j ststeff*nts are rounded lo the nearest £.
Assets and 14abilthes are initially recognised al historical cost or transactwi value unle$$ othe￿1$9 stated
the relevant accounting poliw notes. The principal accounting policies adopted are sel out bek)w.
1.2 Going concern
At the time of apprwng the ffinancial stslements. the trustees have a feasonable expectation that the
charbtsble company has adequate resources lo ￿ntinUe in opgrational existence for the foreseeable
lulure. Thus the trustees continue lo •Jopt the g(Mng concem basis of accounting in prepa[W￿ the financial
statements.
1.3 Charitsble funds
Unrestricted funds are available for use at the diSCret￿n of the tTUStees wi furtherance of their charitable
objectives.
Restricted funds are subj'ect to spetsfic Cor￿￿n$ by donors as to h¢YN they may be used. The pUrp￿S
and use5 of the ￿StrICted fvnds are set out in the note5 to the financial S&￿eMents.
Oesignaled funds cornp￿ funds vthKh have been set asvje at Ihe discretion of the trustees for Specrfic
purposes. The purposes and uses of the desNJnated funds are set out in the note5 to the acLounts.
1.4 In¢om•
Income is recognised when the charitsble company is entitled to it after any performance cond((￿n$
have been mel, the arnount5 can be measured reliably, and rt is probable that income will be received.
Cash &)nations a￿ ￿COgnised on receipt. Other don8￿n$ are recognised once the charitabLg company
has been notified of the donat￿, unless performance conditions require dèferral of the amount. Income
lax recoverable in relal*)n to donat￿nS rec£ived under Gfft￿d or deeds of eovenant is recognis&J at the
lime of the donation.
Legacies are recognised on receipt or otheMise rf the charhtsble company has been notified of an
impen¢Jing distribution. the amount is known. and receipt is expected. If the amount is not kn¢)wn. the
lega￿ Is treated as a eontingent asset.
13-

BALLINGER CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2020
Accounting poliGies
(Contlnued)
1.5 Expehditurn
Liabilities a￿ recogrtised as expendrture as soon as there i$ 8 legal or cx)nstructNe obligation wmmitting
the charity lo that expenditu￿, it is probable that setwement will be required and the amount of the
oblig*"on ean be measured ieliaW.
Grants payable are payments made to third part￿ in the furtherance of the charitable objectrves of the
Trust. In the case of an unconditional grant offer this is accrued once the reapient has been nol(fied of the
grant award. Grant awards that are wbpct to the Trf1p￿nl fulfilling perforrnane* conditions are only
0￿rUed when Ihe recipienl has been notffj*d of the grant and any remaining Unfu￿lled conditions attaching
to that grant are outside of the contrLI of the Trust.
Provisions for grants are made when the intention to make a granl has been communicated to the ￿ciplent
bul there is uncertainty as to the liming of the grant ￿ the amount of grant payable.
A provision for a muth"_year grant is recognised at its present value where settleffenl is due over more than
one year from the dale ol the award, there are no unfuffilled perfomiance ￿nditIonS under the control of
the Trust that woukl pemit the Trust to a¥0￿ making the future paymenlls), setjlement is pr0tyab￿, and the
effect of di$￿UntIng is material. The discount rate used is the rale offered on government bonds Igiltsl for
a cOm￿nSurate or similar time pericoj offe￿d in the year in whth the grant award made.
1.6 Tangible f•xed assets
Tangible fixed assets are initially measured at cost and subsequenvy ff￿asured at cost or valuat￿n, net of
dewecialion and any impaimient losses.
Depreciation is recognised so as to write off thg cost or valuation of assets less their r8sidual values over
their useful lives on the following bases:
Fixtures, fittings & equipTh*nl
20% reducmy balanc•
The gain or loss arising on the disFwl of an asset is detemiined as the drference be￿8&n the sa18
prmds and the carrying value of the asset. and is rel￿gnised in net incomell8xpenditure) for the year.
1.7 FIX￿ asset Investments
Fixed asset investments are staled at market value as al the balanee sheet date. The statement of
financial activities Includes the nel gains and losses arising on revaluation and disposals Ihroughwl the
year. Disposals of investrnents are treated on a FIFO basi5.
Dividends are included in the income and expenditijre account when they are declared. Bank interest is
incjuded in the income and expenditu￿ account on a receNable basis.
1.8 Dwbto
Trade and other debtors are reeognised al the setdement arTr)unl due after any trade discount offered.
P￿paymentS are valued at Ihe arrKJunt Prepa￿ after laking a¢￿￿nt of any trade discounts due.
1.9 Croditors and provisions
Creditors and provisions are recognised where the charity has a presenl obligat￿n resultiThJ from a past
evenl that will probabty resull in the transfer of fvnds to a third paty and the amount due lo settle the
obligation can be measured or estimated reliabty. Credrtors and provisions are normalty recognised at their
settlement arnouftt after allowrng for any trade discounts due.
14-

BALLINGER CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2020
Donations and l•gacies
2020
2019
Donations and grfts
1,720,075
1,754,996
Investments
Unremtricted Unrestricted
funds
funds
2020
2019
Income from listed investments
Interest feceivab
436.401
2,015
1,669,044
7.278
438.416 1,676,322
Other Income
Unre8trlctod
funds
Total
2020
2019
GfftAtd income
25,(￿1
137.610
Ralslng funds
2020
2019
Investment marymenl
23,910
41.482
23,910
41,482
15-

BALLINGER CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 310ECEMBER 2020
Charitable actlvilies
Total
2020
Total
2019
Staff costs
Depreciation and impaimient
bsite
Postage
Travel
Consullancy
Sundr*s
Bank charges
Phone
Audit fees
Profe￿onal fees
18.515
427
970
771
338
24.IX
1,142
30
492
5.280
18,366
468
971
746
788
24.000
1,356
30
554
5,280
1,982
51.965
54,541
Grants made to instilutions
1.637.462
2,274,556
1,689.427
2,329,097
Grants payabl•
Grants were made durirs year to insblut#Jn8.
olwhith foJlo*Jing ex(*eded £20.000 pgr
annum..
2020
2019
Age UK North TynesNJp
Cleveland Ar¢
Coatham House
Community Campus
Cramling￿rt Volunlwy Youth Propct
D2 Youth Zone
Dementta UK
Dementia Mallers
First Stop Daflington
Hartlepcol NDC Trust
StAnthony's Youth & Education Support
Patchwoth Projed
Royal Voluntary Serv
Save the Children WallserKI c￿[dren'S
C¢mmunityl
Save the Children ￿lIsend Clihjren's
Comfflunityl
si￿erI1ne MenvJri&s CIO
A￿a Youth Consc*tKim
Sirethi5e
90,000
189.187
52,438
20.￿0
20,ts)0
20,000
32,000
28,OlX
35,￿0
103,344
20,000
30,000
20,714
24,047
22,500
95.CQO
20,000
20,OL
83.333
83,334
27.970
20,CKIO
24,460
20,000
40,000
25,CK)O
25.¢J)O
16-

BALLINGER CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2020
Grants payabl•
{Continued)
Sunderland Al T¢)ge￿
West End Klynan & Girls
80,fy)0
150,000
26,964
501,303
946.994
Tru$t•es
John Flynn received £24,000 {2019.. £24,000) from the Charity in lieu of bst income for his time spent on
work for the Charity during the year. and was also reimbursed £301.32 for travel expenses incurred P019 -
£410.40). The twstees believe Ihis sum is a worthwhile Cost due to the value of expertise Mr Flynn
provides to the charity.
N•t gainslllos8es> on inv•stm•nts
Unre8trl¢tsd Unrestricted
funds
fUr￿S
2020
2019
Revaluation of investments
Gainl{lossl on sale of investments
111,523,411) 8.367,449
(485.1391
(4,790)
(12.(MJ8.5501 8.362,659
10 Employee8
Number of employe¢8
No employees remunerattr)n was over £60.000.
The average rrththty nurnber of employees during the ye81 was..
2020
Number
2019
Number
Employment Costs
2020
2019
es and salaries
Other pension ￿sts
18,144
18,000
366
18,515
18,366
17-

BALLINGER CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2020
11 Tanglble fixed ass•ts
F6xthrn¥, frttlnqs & equlpment
At l January 2020
Additions
2,622
265
At 31 December 2020
2,887
Depreclatlon and impalmwnt
At 1 January 2020
Depreciation charged in the year
751
427
At 31 December 2020
1,178
Carying amount
Al 31 December 2020
1.709
Al 31 December 2019
1,871
12 Fixed asset invostments
Listed
investments
C￿t or valuation
At 1 January 2020
Additions
Vauation changes
Disposals
41,186.755
11,043.446
111,523.411)
(9,933,571)
Al 31 08￿mber 2020
30,773,219
Carrying amount
Al 31 December 2020
30,773,219
Al 31 December 2019
41,186,755
Flxed asset investments revolued
Listed investments are included al their market value as at fv balance sheet date using the cbstng quoted
market price. The historic cost of the inv8sbnents * the balance sheet date was £38,044,949 12019
£35,814,645).
18-

BALLINGER CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2020
13 Debtorn
2020
2019
Amounts falllng duo wlthin one year.
Other debtors
47.826
30.197
14 Cvedltors: amounts falling due within one yur
2020
2019
Accruals and deferred ineome
11,940
11,641
16 0esign•¢od funds
The income funds of the chanty indude the fol￿wing destqnated funds whth have been set a$￿e out of
unrestricted funds by the trustees for spectfic purposes."
Mov•m•nl in fund8
Balancè at 1
Incoming Resources Balance at 31
January re8oU￿8$ ex￿nded
Decem￿1
2020
2020
700 Club
A￿YoU1
Adion on Oemenlia
Active Tees Valley CIC
Age UK North Tyneside
Age UK Sundertand
AIM North-East
bert Kennedy Trust
Amble Youth Projects
Apnaf Ghaf
BCT Aspire
Bell View
Bensham & Sa￿ell Aive
Berwtck Youth Project
Billingham Enviromental Link
Bilton Hall C¢)mmunity Cenlre
Birtley Community AsscKialTron
Btyth Tall Ships
Brandon & Carrside Youth & Communty
Breckon Hill Communty Enterpnse
Bright Futures
Children's SOc￿ty
Churches Together South Tynegde
Cty of Dreams
Coalham House
CoMf￿Y Project
Community Campus 87 Ltd
30.000
30.000
15,IX)O
15.Ci)O
15,Crt))
15,000
15.000
15,WO
5.000
90.C
90.000
2.500
10.oc
10.0
8.750
2.500
10,0
10,000
8.750
37.000
18,5C(I
15.oc
8,OCKI
10.000
18.414
18,500
30,000
500
45.000
8.500
10.000
36,828
1 5,000
20.000
30,000
20,000
15,000
14,934
38,904
8.723
13.000
18,414
15,000
10,000
15,000
10,000
1 S,000
10,000
15,000
10.000
14.934
(38,9041
8,723
113,0001
20.CQO
10,500
20.000
20,000
3,500
20,000
7,CKIQ
19-

BALLINGER CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2020
15 (>esignatod fund
(Continued)
Communty Counselling Cwrative
Cov1￿19 Response
Cramlington Voluntary Youth Project
Dementia Matters 2
Dementia Matters 3
Denton Youth & Community Centre
Ory WaterArts CIC
Durham Area Youth
Easington Social Vvettare
Eastem Ravens Trust
Edberfs House
Employabilty Trust
Epic Teeside CIC
First Stop Darlington
Free the
Friends of Eas￿Ood$ Park
Friends of Fawdon Community Library
Gateshead Oldgr People'sAssembty
Grandparent Plus
Ha￿epO07 Carers
Hartlepool NOC Trust
Hartlepower CIO
Heartbeat
He￿Orthri81d Community Associalion
Hetton New Dawn
Hopespring
Hospitslty & Hope
Integrating Children
Involve Community Partnership
Kenton Park Communty ASS￿ratIOn
Kids, Kabin
dz Konnekt
Kilmarnock Road Children & Young People
Famity Resou￿ Centre
King'5 Church
Meadow Well Connecled
Mind Active
MIND Redear & Cleveland
Monkchesler coM￿￿Jnty Assttiation
Natural Ability
Neighbourhood Youth Projects
NEPACS
New￿${le Care
North East Young Dads & Lads Project
North Tyne Youth
North Tyneside Disabilty Forum
Northern Stage
Northumberland CVA
Northumbrra Coalit￿n against Crime
Old Co-operative Community Hub
21.720
52.8
7,240
52,800
14.480
40,000
59,726
40,000
14,7261
55.000
40,000
15,000
16,000
9,080
7.500
16,000
15,000
15,000
15,000
20.000
40.000
15,000
16,000
18,160
9.080
32,OCK)
15,111)0
15,000
30.000
20.000
11,288
30.000
5,0th)
30,0
40.000
30,000
30.000
16.C4)0
15,000
30,000
5,000.
15.000
15,000
40,000
15,000
10,000
15,CQO
7.000
15.oc
20.000
15.1)
7.000
7.942
7,942
10,000
30.000
5.000
15.824
10.0(wJ
15.0
15,000
5,O¢YJ
7,912
8,$00
12.000
6.250
15,000
7,912
12.000
6.250
30.000
15,000
15.000
15.000
15.000
7,500
15,000
15.000
17,300
15.OCKJ
15,000
17.300
34.600
10.OC()
24,Crf)O
2&8.133
20,000
30.0
{10.000)
12.Crf)O
12.000
265,175
10,000
15,000
15,000
9,042
10.000
15.000
15,000
15,780
15.C
12.000
15.780
15.000
12.0(J)
8,500
12,000
130,0001
8.500
12.C(Q
30.000

BALLINGER CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2020
15 Designated funds
(Continued)
Park lfiew Sch¢4)1
Pennywell Neighbourhood Centre
Perth Green Community Associath)n
Projects4Change
Recovery Connections
Rethar & Cleveland Voluntary Development
Agency
Re(kar Development Trust
Royal Voluntary SerV￿e
Save the Children ￿lIsend Children's
Comrnuntyl
Save the Children Iwkllsend Children's
Communtyl
Seahouses Developmenl Trust
Search
Sifverline Memories
Single Homeless Aclion Initsalr¥e
10.000
10.000
19,887
19,887
Is,000
22.500
15.000
15,WO
7.500
15,000
15,000
8,000
15,000
26.500
8,000
15,000
16,500
10,000
27.970
27.970
166,666
10.000
30,000
20,000
30.000
9,OCKI
17,500
20,100
15.000
6,000
83.333
10,0
83,333
30.000
20,000
15,000
5,000
17,500
15,000
4,000
Smile for Lifv Child￿n,$ Charity
South Stanley Partnefship
South Tyneside Churches
South West Tyneside Methodist Church
Sl Chad's Community Project
St Hild's chU￿h of England Scho
St Paul's Community Partnership
STAMP Revisited
Slao KKIS Club
Slreehvise
Sunderland & North Durham RBS
Sunderland All Together Consortium
Sunderland Bangladesh Inlemational Centre
Teams Lrfe Centre
TeessKle Dementia Link ServKes
Tin Arts Liiniled
Together Middlesbrough & Clevelan¢J
Trinity Centre
Upper Coqueldale Communty Transwt
Upper TeesdaleAgrKultural Supp)rt Service
Useful Vision
Èarside fftbmen in Need
IAÈSI Mew Project Children & Young Pecyle's
Activity Centre
Wharton Trust
Whippet Up CIC
Women's Health in South Tyneside
odshed ￿￿rkshOP C5C
YMCA Newcaslle
YMCA North TYnes￿e
Young Asian Voices
Young Women's Outreach Project
10.200
1S,000
6,000
15,000
5,500
2,000
15.￿0
5,500
2.0
20.000
{5.0001
20,000
5.000
50.000
40.000
25.wo
lo.0￿?
80.OCiI
15.0
25,000
10,000
240.fy)0
180.000
15,000
10.450
19,596
10,450
9,798
9.798
17.500
10,000
2,275
17.500
10.OC4)
3,275
18.000
15.(MJO
10.400
11.000)
9,000
15,OCrf)
10.400
30,000
45,000
15,000
24,000
24.000
5,000
18,750
30.000
9.375
15.000
15.000
18,000
1 S,000
11,820
10,000
9,375
15.000
30,000
4S.000
le.￿0
15.000
11,920
23.740
10.000
21-

BALLINGER CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2020
16 Dosignated fvnds
(Continued)
2.500,984
529.124 1.541.017
1,489.091
Neighbourhood Youth Projects (NYPI
Together with Sir James Knott Twst and LGA Foundation. the Ballinger Charilable Trust has been
supporting the NewcasUe Neighboufhc¢4J Projects INYPI wilh a mix of core cost grants and grants for
collaboralNe working since November 2019.
The Newcaslle NewJhL￿rho0d Youth Projects constst of seven chanties in the west end and east end of
Newcastle..
D2 Youth Zone
Kids Ka￿'n
North Benwell Youth Project
Northbourne Youth Initiative
Patchwork Project
Sl Anthony's Youth & EducatLW)n Support (Tr Bosler)
Wed End ￿1)Meft and Gifls
Sundtrl•nd All Together Consortium CIO (SATC)
In 2015. Icral youth work organisatKJns in Sundedand came together lo develop a collective appr¢)ach on
how to overcome various chalknges and be$t support the chikjren and young people of Sundertand. The
member organisations developed their consortium into a Chantable incorporated organisotion that's now
equipped and prepared to buikl a sustainable future for youth work services. The Sunderland All To9ether
Consorburn ISATCI formally registered as a charitable incorporated Organisal￿n in February 2019.
The 8 tu￿nI memter organisations a￿ Bluthvatch Youth Centre. Lambton st￿et Youth Cenlre. Oxclose
& District Young Peoples Prqect, Pennywell Youth Project, Sunderland North Communrty Business
Cenlre. Southwi¢k Neighbourhood Youth Project. The Box Youth Project and Youth Aknuhty Youth
Project.
The Ballinger Charrtable TN$t eurrentty supports this eonsortium's G(K<l Vibes project alongside the
National Lottery.
Unrestrl¢t•d
funds
2020
Total
2019
Fund balances al 31 December 2020 are represented by..
Intangible r￿ed assets
Tangible assets
Inve51menls
Current asse￿Ill8￿.11Ile$)
1,709
1,871
30.773,219 41.186,755
546,308 1,671,006
31,321,236 42,859,632

BALLINGER CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2020
17 Events after the r¢porting dat•
In September 2021. it became apparent that the UK vras strll in Ihe grip of the global pandemtc of the
Covid-19 virus. This has affeeted the fixed asset investment values of the Trust which on 14 September
totalled £10,751,038 down from a value of £11.799.774 at the year end. The pandemic has also affected
the income generation from the fixed asset investment a5 many inve5trnents have ceased paying a
dmdend. As noted in the Trustees, Report and on the Trust websrte. grant-n￿kIng plans have changed to
reflect the change in finanaal r￿￿urceS availab￿ to Trustees.
18 Related ￿rtY tran¥actions
During the year Mrs D Ballinger a lrnstee of The Ballingw Charitat4e TnJst donated £1,720.075 12019
£1.754,996) to the trust.
Fees in the Sum of £24.OfM)12019 £24,0¢]o} were paid to Mr J Ftynn a trustee of The Ballinger Charilable
Tnjst.
19 Cash generated frorn op•ration8
2020
2019
{D*itysurpus for the year
111.538,3961
9,561,008
Adjustments fw".
Investrnent income re￿gniSed in statement of financial actiwties
Loss on disp¢)sal of investments
Fair value gains and losses on investments
Deprecaation and Impair￿￿t of tangible fixed assets
{438,4161 {1,676,3221
485,139
4,790
11,523.411
(8,367,449)
427
Movements in working capital..
IlncreaSe}Ide￿ase in deb
Increase rn creditors
117,6291
299
41,588
245
Ca$h genernt￿ froml(absorbed by) opor•llons
14,835
1435,672)
20 Anatysis of ¢hang•* in not fund8
The charitsble company had no debt during the year.