| Page | ||
|---|---|---|
| Trustees' report |
1-4 | |
| Statement oftrustees' |
responsibilities | |
| Independent auditor's |
report | 6-9 |
| Statement offinancial |
activities | 10 |
| Balance sheet | ||
| Statement ofcash flows |
13 | |
| Notes to the financial | statements | 14-25 |
| Unrestricted | Restricted | Total Unrestricted | Total Unrestricted | ||||
|---|---|---|---|---|---|---|---|
| funds | funds | funds | |||||
| 2021 | 2021 | 2020 | |||||
| Notes | f | ||||||
| Donations and |
legacies | 269,997 | 510,000 | 779,997 | 1,720,075 | ||
| Investments | 429,740 | 429,740 | 438,416 | ||||
| Other income | 8 | 8 | 25,000 | ||||
| Total income | 699,745 | 510,000 | 1,209,745 | 2,183,491 | |||
| Ex nditure on: |
|||||||
| Raising funds | 105,180 | 105,180 | 23,910 | ||||
| Charitable activities |
6 | 1,576,913 | 1,576,913 | 1,689,427 | |||
| Total expenditure | 1,682,093 | 1,682,093 | 1,713,337 | ||||
| Net gains/(losses) | on investments | 9 | (2,051,174) | (2,051,174) | (12,008,550) | ||
| Net movement | in | funds | (3,033,522) | 510,000 | (2,523,522) | (11,538,396) | |
| Fund balances | at 1 January 2021 | 31,321,236 | 31,321,236 | 42,859,632 | |||
| Fund balances | at | 31 December 2021 | 28,287,714 | 510,000 | 28,797,714 | 31,321,236 |
| 2021 | 2020 | |||||
|---|---|---|---|---|---|---|
| Notes | ||||||
| Fixed assets | ||||||
| Tangible assets | 11 | 1,365 | 1,709 | |||
| Investments | 12 | 28,251,302 | 30,773,219 | |||
| 28,252,667 | 30,774,928 | |||||
| Current assets | ||||||
| Debtors | 13 | 436,948 | 47,826 | |||
| Cash at bank and | in | hand | 122,242 | 510,422 | ||
| 559,190 | 558,248 | |||||
| Creditors: | amounts | falling due within | ||||
| one year | 14 | (14,143) | (11,940) | |||
| Net current | assets | 545,047 | 546,308 | |||
| Total assets less | current liabilities | 28,797,714 | 31,321,236 | |||
| Income funds | ||||||
| Restricted | funds | 15 | 510,000 | |||
| Unrestricted | funds | |||||
| Designated | funds | 16 | 700,565 | 1,489,091 | ||
| General unrestricted |
funds | 27,587,149 | 29,832,145 | |||
| 28,287,714 | 31,321,236 | |||||
| 28,797,714 | 31,321,236 |
| 2021 | 2020 | |||||
|---|---|---|---|---|---|---|
| Notes | ||||||
| Cash flows from operating | activities | |||||
| Cash (absorbed by)/generated |
from | 20 | ||||
| operations | (1,288,663) | 14,835 | ||||
| Investing | activities | |||||
| Purchase | oftangible fixed assets | (265) | ||||
| Purchase | of investments | (5,938,642) | (11,043,446) | |||
| Proceeds | on disposal of investments | 6,409,385 | 9,448,432 | |||
| Investment | income received | 429,740 | 438,416 | |||
| Net cash | generated from/(used in) |
|||||
| investing | activities | 900,483 | (1,156,863) | |||
| Net cash | used in financing | activities | ||||
| Net decrease in cash and |
cash equivalents | (388,180) | (1,142,028) | |||
| Cash and | cash equivalents | at beginning | ofyear | 510,422 | 1,652,450 | |
| Cash and | cash equivalents | at end of | year | 122,242 | 510,422 |
| 2 | Donations | and legacies | ||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||
| funds | funds | 2021 | 2020 | |||
| F | E | |||||
| Donations | and gifts | 269,997 | 510,000 | 779,997 | 1,720,075 | |
| 269,997 | 510,000 | 779,997 | 1,720,075 | |||
| 3 | Investments | |||||
| Unrestricted | Unrestricted | |||||
| funds | funds | |||||
| 2021 | 2020 | |||||
| Income from listed investments | 429,646 | 436,401 | ||||
| Interest receivable | 94 | 2 015 | ||||
| 429,740 | 438,416 | |||||
| 4 | Other income | |||||
| Unrestricted | Total | |||||
| funds | ||||||
| 2021 | 2020 | |||||
| E | ||||||
| Gift Aid income | 8 | 25,000 | ||||
| 5 | Raising funds | |||||
| 2021 | 2020 | |||||
| Investment | management | 105,180 | 23,910 | |||
| 105,180 | 23,910 |
| Total | Total | Total | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 2020f | |||||||||
| Staff costs | 18,683 | 18,515 | ||||||||
| Depreciation | and | impairment | 342 | 427 | ||||||
| Website | 971 | 970 | ||||||||
| Postage | 387 | 771 | ||||||||
| Travel | 201 | 338 | ||||||||
| Consultancy | 24,000 | 24,000 | ||||||||
| Sundries | 1,677 | 1,142 | ||||||||
| Bank charges | 747 | 30 | ||||||||
| Phone | 519 | 492 | ||||||||
| Audit fees | 7,680 | 5,280 | ||||||||
| 55,207 | 51,965 | |||||||||
| Grants made | to institutions | 1,521,706 | 1,637,462 | |||||||
| 1,576,913 | 1,689,427 | |||||||||
| Grants payable | ||||||||||
| Grants were | made | during | the | year to institutions, | ofwhich the following exceeded f20,000 per annum: | |||||
| 2021 | 2020 | |||||||||
| f | ||||||||||
| Age UK North | Tyneside | 90,000 | ||||||||
| Coatham House |
20,000 | 20,000 | ||||||||
| Community | Campus | 20,000 | 20,000 | |||||||
| Cowpen Quay |
Community | Association | 20,000 | |||||||
| Cramlington | Voluntary | Youth | Programme | 2 | 20,000 | |||||
| Dementia Matters |
95,000 | |||||||||
| First Stop Darlington | 20,000 | |||||||||
| Hartlepool NDC Trust |
20,000 | |||||||||
| Kinship | 20,000 | |||||||||
| Neighbourhood | Youth | Projects | 166,300 | |||||||
| Save the Children (Wallsend |
Children' s | |||||||||
| Community) | 83,333 | 83,333 | ||||||||
| Save the Children | (Wallsend | Children' s | ||||||||
| Community) | 27,970 | |||||||||
| Silverline Memories |
CIO | 20,000 | 20,000 | |||||||
| Streetwise | 25,000 | |||||||||
| Sunderland | All | Together | Consortium | 80,000 | 80,000 | |||||
| 449,633 | 501,303 |
| Unrestricted | Unrestricted | |||
|---|---|---|---|---|
| funds | funds | |||
| 2021 | 2020 | |||
| Revaluation | of | investments | (2,327,495) | (11,523,411) |
| Gain/(loss) | on | sale of investments | 276,321 | (485,139) |
| (2,051,174) | (12,008,550) |
| The average | monthly number ofemployees during |
the year was: | |
|---|---|---|---|
| 2021 | 2020 | ||
| Number | Number | ||
| Employment | costs | 2021f | 2020f |
| Wages and salaries | 18,215 | 18,149 | |
| Other pension costs | 468 | 366 | |
| 18,683 | 18,515 |
| Tangible fixed assets | ||
|---|---|---|
| Fixtures, fittings &equipment | ||
| Cost | ||
| At 1 January 2021 | 2,886 | |
| At 31 December 2021 | 2,886 | |
| Depreciation and impairment |
||
| At 1 January 2021 | 1,179 | |
| Depreciation charged |
in the year | 342 |
| At 31 December 2021 | 1,521 | |
| Carrying amount |
||
| At 31 December 2021 | 1,365 | |
| At 31 December 2020 | 1,709 |
| Listed | |
|---|---|
| investmentsf | |
| Cost or valuation | |
| At 1 January 2021 | 30,773,219 |
| Additions | 5,938,642 |
| Valuation changes |
(2,327,495) |
| Disposals | (6,133,064) |
| At 31 December 2021 | 28,251,302 |
| Carrying amount |
|
| At 31 December 2021 | 28,251,302 |
| At 31 December 2020 | 30,773,219 |
| 13 | Debtors | |||
|---|---|---|---|---|
| 2021 | 2020 | |||
| Amounts falling due |
within one year: | |||
| Other debtors | 436,948 | 47,826 | ||
| 14 | Creditors: amounts | falling due within one year | ||
| 2021 | 2020 | |||
| Accruals and deferred | income | 14,143 | 11,940 |
| Movement | Movement | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| in funds | in funds | ||||||||
| Incoming | Balance at | Incoming | Balance at | ||||||
| resources1 | January | 2021 | resources | 31 December | |||||
| 2021 | |||||||||
| f | F | ||||||||
| Participatory | Grant | making | with | Lankelly Chase | 110,000 | 110,000 | |||
| The National | Lottery Community | Fund —RC North | |||||||
| East and Cumbria | Region | 400,000 | 400,000 | ||||||
| 510,000 | 510,000 |
| Movement | in funds | ||||
|---|---|---|---|---|---|
| Balance at 1 | Incoming | Resources | Balance at 31 | ||
| January | resources | expended | December | ||
| 2021 | 2021 | ||||
| E | f | ||||
| 700 Club | 15,000 | 15,000 | |||
| AWay Out | 15,000 | 15,000 | |||
| Action on Dementia | 15,000 | 15,000 | |||
| Active Families | CIC | 10,000 | 10,000 | ||
| Age UK Gateshead | 10,000 | 10,000 | |||
| Age UK Tyneside | 10,000 | 10,000 | |||
| AIM North-East | 10,000 | 10,000 | |||
| Albert Kennedy | Trust | 10,000 | 10,000 | ||
| Amble Youth Projects | 8,750 | 8,750 |
| Apnar Ghar | 4,000 | 4,000 | ||||||
|---|---|---|---|---|---|---|---|---|
| BCTAspire | 18,500 | 18,500 | ||||||
| Bell View | 30,000 | 30,000 | ||||||
| Bensham 8 Saltwell Alive | 500 | (500) | ||||||
| Berwick Youth Project | 15,000 | 15,000 | ||||||
| Billingham Enviromental Link |
18,414 | 18,414 | ||||||
| Bilton Hall Community Centre |
15,000 | 15,000 | ||||||
| Birtley Community Association |
10,000 | 10,000 | ||||||
| Blyth Tall Ships | 15,000 | 15,000 | 15,000 | 15,000 | ||||
| Blyth Valley CVS | 8,500 | 8,500 | ||||||
| Brandon 8 Carrside Youth | 8 | Community | 10,000 | 10,000 | ||||
| Breckon Hill Community Enterprise |
15,000 | 15,000 | ||||||
| Bright Futures | 15,000 | 15,000 | ||||||
| Butterwick Hospice Care | 1,000 | 1,000 | ||||||
| Children's Foundation (The) |
10,000 | 10,000 | ||||||
| Chopwell Regeneration Group |
11,398 | 11,398 | ||||||
| Chrysalis Club Tynedale |
5,000 | 5,000 | ||||||
| Churches Together South Tyneside | 8,723 | 8,723 | ||||||
| Coatham House |
20,000 | 20,000 | ||||||
| Comfrey Project | 7,000 | 3,500 | 3,500 | |||||
| Community Campus 87 Ltd |
20,000 | 20,000 | ||||||
| Community Counselling Co-operative |
14,480 | 7,240 | 7,240 | |||||
| Cowpen Quay Community |
Association | 20,000 | 20,000 | |||||
| Cramlington Voluntary Youth |
Project | 40,000 | 20,000 | 20,000 | ||||
| Darlington CAP (StAndrew |
Parochial | Church) | 10,000 | 10,000 | ||||
| Dementia Matters 3 |
40,000 | 40,000 | ||||||
| Denton Youth &Community | Centre | 15,000 | 15,000 | |||||
| Derwentside Detached Youth |
Project (Consett | |||||||
| Churches) | 10,000 | 10,000 | ||||||
| Dry Water Arts CIC | 15,000 | 15,000 | ||||||
| Durham Area Youth | 9,080 | 9,080 | ||||||
| Durham City Youth Projects |
6,642 | 6,642 | ||||||
| Durham Community Action |
8,585 | 8,585 | ||||||
| Easington Lane Community |
Access Point | 15,000 | 15,000 | |||||
| Easington Social Welfare |
7,500 | 7,500 | ||||||
| Eastern Ravens Trust | 16,000 | 16,000 | ||||||
| Edbert's House | 15,000 | 15,000 | ||||||
| Empire School of Boxing | 1,850 | 1,850 | ||||||
| Employability Trust (East Durham) |
15,000 | 15,000 | ||||||
| Epic Teeside CIC | 15,000 | 15,000 | ||||||
| Footprints in the Community |
15,000 | 15,000 | ||||||
| Free the Way | 5,644 | 5,644 | ||||||
| Friends ofEastwoods Park |
30,000 | 15,000 | 15,000 | |||||
| Friends of Fawdon Community |
Library | 5,000 | 5,000 | |||||
| Gateshead Older People's |
Assembly | 15,000 | 15,000 | |||||
| Halo Projects | 15,000 | 15,000 | ||||||
| Hartlepool Carers |
15,000 | 15,000 | ||||||
| Hartlepool NDC Trust |
10,000 | 10,000 | ||||||
| Hartlepower CIO |
15,000 | 15,000 | ||||||
| Heartbeat | 7,000 | 7,000 |
| Designated funds |
(Continued) | |||||||
| Hetton New Dawn |
10,000 | 10,000 | ||||||
| Hexham Community Partnership |
20,000 | 10,000 | 10,000 | |||||
| Hexham First School |
1,000 | 1,000 | ||||||
| Hope Church East Cleveland | 750 | 750 | ||||||
| Hopespring | 15,000 | 15,000 | ||||||
| Integrating Children |
7,912 | 7,912 | ||||||
| Kids' Kabin | 10,000 | 10,000 | ||||||
| Kidz Konnekt | 15,000 | 15,000 | ||||||
| Kilmarnock Road Children |
8 | Young People | ||||||
| Family Resource Centre | 15,000 | 15,000 | ||||||
| King's Church | 7,500 | 7,500 | ||||||
| Kinship (previously called |
Grandparents | Plus) | 40,000 | 20,000 | 20,000 | |||
| Let's Pretend & Play |
2,000 | 2,000 | ||||||
| Lilyanne's CIC |
5,420 | 5,420 | ||||||
| Meadow Well Connected | 15,000 | 15,000 | ||||||
| Mind Active | 15,000 | 15,000 | ||||||
| MIND Middlesbrough &Stockton |
15,000 | 15,000 | ||||||
| MIND Redcar 8 Cleveland | 17,300 | 17,300 | ||||||
| Natural Ability |
12,000 | 12,000 | ||||||
| Neighbourhood Youth Projects |
265,175 | (64,550) | 166,300 | 34,325 | ||||
| NEPACS | 10,000 | 10,000 | ||||||
| New Hope North East | 12,555 | 12,555 | ||||||
| Newcastle Carers |
15,000 | 15,000 | ||||||
| North East Young Dads & | Lads Project | 15,000 | 15,000 | |||||
| North Tyne Youth | 15,780 | 15,780 | ||||||
| North Tyneside Carer's Centre | 15,000 | 15,000 | ||||||
| Northern Stage |
8,500 | 8,500 | ||||||
| Northumberland Community |
Enterprise | Ltd | 7,500 | 7,500 | ||||
| Northumbria Coalition against |
Crime | 9,500 | 9,500 | |||||
| Out of Sight | 5,000 | 5,000 | ||||||
| Park View School | 10,000 | 10,000 | ||||||
| Pennywell Neighbourhood |
Centre | 19,887 | 9,797 | 10,090 | ||||
| People & Drugs | 5,000 | 5,000 | ||||||
| Perth Green Community | Association | 15,000 | (7,500) | 7,500 | ||||
| Projects4C hang e |
10,000 | 10,000 | ||||||
| Recovery Connections | 15,000 | 15,000 | ||||||
| Redcar &Cleveland Voluntary |
Development | |||||||
| Agency | 8,000 | (8,000) | ||||||
| Redcar Development Trust |
15,000 | 15,000 | ||||||
| Royal Voluntary Service |
10,000 | 10,000 | ||||||
| Save the Children (Wallsend |
Children' s | |||||||
| Community) | 83,333 | 83,333 | ||||||
| Save the Children (Wallsend |
Children' s | |||||||
| Community) | 100,000 | 100,000 | ||||||
| Seahouses Development |
Trust | 10,000 | 10,000 | |||||
| Search | 30,000 | 15,000 | 15,000 | |||||
| Silverline Memories |
20,000 | 20,000 | ||||||
| Single Homeless Action Initiative |
15,000 | 15,000 | ||||||
| Skill Mill | 4,000 | 4,000 | ||||||
| South Stanley Partnership | 10,200 | 10,200 |
| 16 | Designated funds |
(Continuedj | |||||||
|---|---|---|---|---|---|---|---|---|---|
| South Tyneside Churches | 15,000 | 15,000 | |||||||
| South West Tyneside Methodist |
Church | 3,000 | 3,000 | ||||||
| St Paul's Community Partnership |
7,000 | 7,000 | |||||||
| STAMP Revisited | 40,000 | 40,000 | |||||||
| Streetwise | 25,000 | 25,000 | |||||||
| Sunderland All Together Consortium |
160,000 | 80,000 | 80,000 | ||||||
| Sunderland Bangladesh International |
Centre | 15,000 | 15,000 | ||||||
| Teams Life Centre | 10,450 | 5,150 | 5,300 | ||||||
| Tees, Esk &Wear Valleys NHS | Foundation | Trust | 15,000 | 15,000 | |||||
| Teesside Dementia Link Services |
9,798 | 9,798 | |||||||
| Tin Arts Limited | 17,500 | 17,500 | |||||||
| Together Middlesbrough & |
Cleveland | 40,000 | 10,000 | 30,000 | |||||
| Upper Coquetdale Community |
Transport | 9,000 | 9,000 | ||||||
| Upper Teesdale Agricultural | Support | Service | 15,000 | 15,000 | |||||
| Useful Vision | 10,400 | 10,400 | |||||||
| Wearside Women in Need |
30,000 | 30,000 | |||||||
| West View Project Children | 8 Young | People' s | |||||||
| Activity Centre | 24,000 | 12,000 | 12,000 | ||||||
| Whippet Up CIC |
9,375 | 9,375 | |||||||
| Women's Health in South Tyneside |
15,000 | 15,000 | |||||||
| Woodshed Workshop CIC |
30,000 | 15,000 | 15,000 | ||||||
| YMCA North Tyneside | 15,000 | 15,000 | |||||||
| YMCA Northumberland | 15,000 | 15,000 | |||||||
| Young Asian Voices | 11,920 | 11,920 | |||||||
| Young Women's Outreach |
Project | 15,000 | 15,000 | ||||||
| Zoe's Place Trust | 15,000 | 15,000 | |||||||
| 1,489,091 | 769,680 | 1,558,206 | 700,565 |
| Analysis of | net assets between funds | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Unrestricted | ||
| funds | funds | funds | |||
| 2021 | 2021 | 2021 | 2020 | ||
| f. | f | ||||
| Fund balances at 31 December 2021 are | |||||
| represented | by: | ||||
| Tangible assets | 1,365 | 1,365 | 1,709 | ||
| Investments | 28,251,302 | 28,251,302 | 30,773,219 | ||
| Current assets/(liabilities) | 35,047 | 510,000 | 545,047 | 546,308 | |
| 28,287,714 | 510,000 | 28,797,714 | 31,321,236 |
| 20 | Cash generated from operations |
Cash generated from operations |
2021 | 2020 | ||||
|---|---|---|---|---|---|---|---|---|
| Deficit for the year | (2,523,522) | (11,538,396) | ||||||
| Adjustments for: |
||||||||
| Investment income recognised |
in statement | offinancial | activities | (429,740) | (438,416) | |||
| (Gain)/loss on disposal of investments |
(276,321) | 485,139 | ||||||
| Fair value gains and losses on | investments | 2,327,495 | 11,523,411 | |||||
| Depreciation and impairment oftangible |
fixed assets | 342 | 427 | |||||
| Movements in working capital: |
||||||||
| (Increase) in debtors |
(389,120) | (17,629) | ||||||
| Increase in creditors |
2,203 | 299 | ||||||
| Cash (absorbed by)/generated |
from | operations | (1,288,663) | 14,835 | ||||
| 21 | Analysis ofchanges in net funds |
|||||||
| The charitable company repaid |
all the incurred | debt during the year. |