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|Trustees'
report||1-4|
|Statement oftrustees'|responsibilities||
|Independent
auditor's|report||
|Statement offinancial|activities||
|Balance sheet|||
|Statement ofcash flows||12|
|Notes to the financial|statements|13-23|
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||||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|---|---|
||||funds|funds||funds|funds||
||||2022|2022|2022|2021|2021|2021|
|||Notes|F|F|F||F|F|
|Income and endowments|||from:||||||
|Donations
and|||||||||
|legacies||2|19,699,999|200,000|19,899,999|269,997|510,000|779,997|
|Investments||3|649,811|133|649,944|429,740||429,740|
|Other income||4|500,000||500,000|8||8|
|Total income|||20,849,810|200,133|21,049,943|699,745|510,000|1,209,745|
|Ex enditure on:|||||||||
|Raising funds|||137,142||137,142|105,180||105,180|
|Charitable
activities||6|1,576,509|322,455|1,898,964|1,576,913||1,576,913|
|Total expenditure|||1,713,651|322,455|2,036,106|1,682,093||1,682,093|
|Net gains/(losses)||on|||||||
|investments||10|9,413,556||9,413,556|(2,051,174)||(2,051,174)|
|Net movement|in|funds|28,549,715|(122,322)|28,427,393|(3,033,522)|510,000|(2,523,522)|
|Fund balances|at 1 January||||||||
|2022|||28,287,714|510,000|28,797,714|31,321,236||31,321,236|
|Fund balances|at|31|||||||
|December 2022|||56,837,429|387,678|57,225,107|28,287,714|510,000|28,797,714|
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||||||2022|2021|
|---|---|---|---|---|---|---|
|||||Notes|||
|Fixed assets|||||||
|Tangible assets||||12|1,092|1,365|
|Investments||||13|53,334,756|28,251,302|
||||||53,335,848|28,252,667|
|Current assets|||||||
|Debtors|||||515,983|436,948|
|Cash at bank and in||hand|||3,458,679|122,242|
||||||3,974,662|559,190|
|Creditors:|amounts|falling|due within||||
|one year||||15|(85,403)|(14,143)|
|Net current|assets||||3,889,259|545,047|
|Total assets less current|||liabilities||57,225,107|28,797,714|
|Income funds|||||||
|Restricted|funds|||16|387,678|510,000|
|Unrestricted|funds||||||
|Designated|funds|||17|220,750|700,565|
|General
unrestricted||funds|||56,616,679|27,587,149|
||||||56,837,429|28,287,714|
||||||57,225,107|28,797,714|
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|||||2022|2021||
|---|---|---|---|---|---|---|
||||Notes||||
|Cash flows from operating||activities|||||
|Cash generated
from/(absorbed
by)|||20||||
|operations||||18,356,391||(1,288,663)|
|Investing|activities||||||
|Purchase|of investments|||(39,394,849)|(5,938,642)||
|Proceeds|from disposal of investments|||23,724,951|6,409,385||
|Investment|income received|||649,944|429,740||
|Net cash|(used in)/generated|from|||||
|investing|activities|||(15,019,954)||900,483|
|Net cash|used
in financing|activities|||||
|Net increase/(decrease)
in||cash and|cash||||
|equivalents||||3,336,437||(388,180)|
|Cash and|cash equivalents
at beginning||ofyear|122,242||510,422|
|Cash and|cash equivalents|at end of|year|3,458,679||122,242|
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||||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|---|---|
||||funds|funds||funds|funds||
||||2022|2022|2022|2021|2021|2021|
||||||||f.||
|Donations|and|gifts|19,699,999|200,000|19,899,999|269,997|510,000|779,997|
|||Unrestricted|Restricted|Total|Unrestricted|
|---|---|---|---|---|---|
|||funds|funds||funds|
|||2022|2022|2022|2021|
|Income|from listed investments|548,002||548,002|429,646|
|Interest|receivable|101,809|133|101,942|94|
|||649,811|133|649,944|429,740|
||||Unrestricted|Total|
|---|---|---|---|---|
||||funds||
||||2022|2021|
||Gift Aid income||500,000||
|5|Raising funds||||
||||2022|2021|
||Investment|management|137,142|105,180|
||||137,142|105,180|
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|||Total|Total|
|---|---|---|---|
|||2022|2021|
|Staff costs||18,593|18,683|
|Depreciation|and impairment|273|342|
|Website||970|971|
|Postage||378|387|
|Event organisation||8,000||
|Travel||370|201|
|Consultancy||24,000|24,000|
|Sundries||1,954|1,677|
|Bank charges||13,062|747|
|Phone||595|519|
|Audit fees||12,000|7,680|
|||80,195|55,207|
|Grants made|to institutions|1,818,769|1,521,706|
|||1,898,964|1,576,913|
|Analysis
by|fund|||
|Unrestricted|funds|1,576,509||
|Restricted funds||322,455||
|||1,898,964||
|For the year|ended 31 December 2021|||
|Unrestricted|funds||1,576,913|
||||1,576,913|
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|Grants were made during|Grants were made during|the|year to institutions,|year to institutions,|ofwhich the following exceeded f20,000 per annum:||
|---|---|---|---|---|---|---|
||||||2022|2021|
||||||F|F|
|BCTAspire CIC|||||37,000||
|Berwick Youth Project|||||25,000||
|Blyth Tall Ship|||||25,000||
|Changing
Futures
North East|||||30,000||
|Coatham
House||||||20,000|
|Community
Campus|||||20,000|20,000|
|Cowpen
Quay Community||Association|||24,122|20,000|
|Cramlington
Voluntary|Youth||Programme|2|30,000|20,000|
|First Stop Darlington|||||20,000||
|Kinship||||||20,000|
|Neighbourhood
Youth|Projects|||||166,300|
|Save the Children
(Wallsend|||Children' s||||
|Community)|||||100,000|83,333|
|STAMP Revisited|||||20,000||
|Silverline
Memories
CIO||||||20,000|
|Streetwise
Young People's Project|||||50,000||
|Sunderland
All Together Consortium|||||95,000|80,000|
|Wansbeck CVS|||||27,167||
|YMCA Northumberland|||||25,000||
||||||528,289|449,633|
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|The average|monthly
number ofemployees
during
th|e year was:||
|---|---|---|---|
|||2022|2021|
|||Number|Number|
|Employment|costs|2022|2021|
|||E|E|
|Wages and salaries||18,225|18,215|
|Other pension costs||368|468|
|||18,593|18,683|
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||||Unrestricted|Unrestricted|
|---|---|---|---|---|
||||funds|funds|
||||2022|2021|
||||F|F|
|Revaluation|of|investments|(1,351,265)|(2,327,495)|
|Gain/(loss)|on|sale of investments|10,764,821|276,321|
||||9,413,556|(2,051,174)|
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|Tangible fixed assets|||
|---|---|---|
|||Fixtures, fittings &equipment|
|Cost|||
|At 1 January 2022||2,886|
|At 31 December 2022||2,886|
|Depreciation
and impairment|||
|At 1 January 2022||1,521|
|Depreciation
charged|in the year|273|
|At 31 December 2022||1,794|
|Carrying
amount|||
|At 31 December 2022||1,092|
|At 31 December 2021||1,365|
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|Fixed asset investments||
|---|---|
||Listed|
||investments|
||E|
|Cost or valuation||
|At 1 January 2022|28,251,302|
|Additions|39,394,849|
|Valuation
changes|(1,351,265)|
|Disposals|(12,960,130)|
|At 31 December 2022|53,334,756|
|Carrying
amount||
|At 31 December 2022|53,334,756|
|At 31 December 2021|28,251,302|
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|14|Debtors||||
|---|---|---|---|---|
||||2022|2021|
||Amounts
falling due|within one year:|E|E|
||Other debtors||515,983|436,948|
|15|Creditors: amounts|falling due within one year|||
||||2022|2021|
||Other creditors||67,000||
||Accruals and deferred|income|18,403|14,143|
||||85,403|14,143|
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||||Movement|||Movement|in funds||
|---|---|---|---|---|---|---|---|---|
||||in funds||||||
||||prior year||||||
||||Income|Balance at||Income|Expenses|Balance at|
|||||1 January|2022||31|December 2022|
||||||f.||||
|Participatory|Grant making|with|||||||
|Lankelly Chase|||110,000|110,000||51|(9,628)|100,423|
|The National|Lottery Community||||||||
|Fund —RC|North East and|Cumbria|||||||
|Region|||400,000|400,000||200,082|(312,827)|287,255|
||||510,000|510,000||200,133|(322,455)|387,678|
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|||||||Movement|Movement|in funds|in funds|||
|---|---|---|---|---|---|---|---|---|---|---|---|
||||||Balance at 1|Incoming|Resources||Transfers|Balance at||
||||||January|resources|expended||||31|
||||||2022||||||December|
||||||||||||2022|
|||||||F|||||F|
|Action on Dementia|||||15,000|||15,000||||
|Age UK Tyneside|||||10,000|||10,000||||
|Bell View|||||30,000|||15,000|||15,000|
|Billingham
Enviromental
Link|||||18,414||||(18,414)|||
|Blyth Tall Ships|||||15,000|||15,000||||
|Blyth Valley CVS|||||8,500|||7,500|(1,000)|||
|Bright Futures|||||15,000|||15,000||||
|Chopwell
Regeneration|Group||||11,398|30,000||11,398|||30,000|
|Comfrey Project|||||3,500|||3,500||||
|Community
Counselling
Co-operative|||||7,240|||7,240||||
|Cramlington
Voluntary|Youth||Project||20,000|||20,000||||
|Dementia
Matters 3|||||40,000||||(40,000)|||
|Derwentside
Detached|Youth||Project (Consett|||||||||
|Churches)|||||10,000|||10,000||||
|Durham
City Youth Projects||||||6,750|||||6,750|
|Easington
Lane Community||Access Point|||15,000|||15,000||||
|Employability
Trust (East Durham)|||||15,000|15,000||15,000|||15,000|
|Friends of Eastwoods|Park||||15,000|||15,000||||
|Hexham
Community
Partnership|||||10,000|||10,000||||
|Kinship
(previously
called Grandparents||||Plus)|20,000||||||20,000|
|MIND Middlesbrough|&Stockton||||15,000|||15,000||||
|Neighbourhood
Youth|Projects||||34,325|||34,325||||
|Pennywell
Neighbourhood||Centre|||10,090|||10,090||||
|Save the Children
(Wallsend|||Children' s|||||||||
|Community)|||||100,000||100,000|||||
|Search|||||15,000|||15,000||||
|STAMP Revisited|||||40,000|||20,000|||20,000|
|Streetwise|||||25,000|75,000||25,000|||75,000|
|Sunderland
All Together Consortium|||||80,000|||80,000||||
|Teams Life Centre|||||5,300|24,000||5,300|||24,000|
|Teesdale Community
Resources||||||6,000||6,000||||
|Teesside Dementia
Link Services|||||9,798|||9,798||||
|Together Middlesbrough
8||Cleveland|||30,000|10,000||10,000|(30,000)|||
|Wearside Women
in Need|||||30,000|||15,000|||15,000|
|West View Project Children||&Young People' s||||||||||
|Activity Centre|||||12,000|||12,000||||
|Woodshed
Workshop|CIC||||15,000|||15,000||||
||||||700,565|166,750|557,151||(89,414)||220,750|
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|20|Cash generated
from operations|Cash generated
from operations||||||2022|2021|
|---|---|---|---|---|---|---|---|---|---|
|||||||||F|F|
||Surplus/(deficit)
for the year|||||||28,427,393|(2,523,522)|
||Adjustments
for:|||||||||
||Investment
income recognised|in statement|||offinancial||activities|(649,944)|(429,740)|
||Gain on disposal of investments|||||||(10,764,821)|(276,321)|
||Fair value gains and losses on|investments||||||1,351,265|2,327,495|
||Depreciation
and impairment
oftangible|||fixed||assets||273|342|
||Movements
in working
capital:|||||||||
||(Increase)
in debtors|||||||(79,035)|(389,120)|
||Increase
in creditors|||||||71,260|2,203|
||Cash generated
from/(absorbed||by)|operations||||18,356,391|(1,288,663)|
|21|Analysis ofchanges
in net funds|||||||||
||The charitable
company
repaid|all|the incurred|||debt during the year.||||