Charity registration number 1121739
Company reglstratlon numb&r 06428200 IEngland and Wales)
BALLINGER CHARITABLE TRUST
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

BALLINGER CHARITABLE TRUST
LEGAL AND ADMINISTRATIVE INFORMATION
Trustses
Mrs D Ballinger
Mrs N Crowther
MrA Ballinger
Mr J Flynn
Secretary
Ms J L Thomas
Charity number
1121739
Company number
06428200
Registered office
Bede House
Belmont Business Park
DURHAM
United Kingdom
DH1 1TW
Audltors
AzelsAudit Services
Bede House
3 Belmont Business Park
Durham
DH1 1TW
United Kingdom
Invgstmgnt advl$ors
Rathbones
Earl Grey House
75-85 Grey Street
Newcastle Upon Tyne
NE16EF
England

BALLINGER CHARITABLE TRUST
CONTENTS
Page
Trustees, report
Stslemenl of trustees. responsibilities
Independent auditorfs report
Statement of financial activities
Balance sheet
9-10
Stslemenl of cash flows
Notes lo the financial statements
12-29

BALLINGER CHARITABLE TRUST
TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT)
FOR THE YEAR ENDED 31 DECEMBER 2023
The trustees present their annual report and financial statements for the year ended 31 December 2023.
The financial slalements have been prepared in accordance with the accounting policies sel out in note 1 to the
financial statements and comply with the charitable company's Igoverning documenll, the Companies Act 2006
and Accounting and Reporting by Charities". Slalement of Recommended Practice applicable lo charities
preparing their accounts in accordance with the Financial Reporting Standard applicable In the UK and Republie
of Ireland IFRS 1021 leffective 1 January 20191.
Objectives and activities
We grant money to charitsble causes according to the priorities we have chosen lo support. The money wmes
from both income generated by the investments held by the charitable company, and from expending in part
those investments from time lo time. In making decisions about which causes to support we are guided by the
requirements of the Charity Commission to further public benefit.
We invite applic4lions for grants via our website ballingercharitsblelrust.org.uk. Our typical grant award in 2023
was between £10,000 10 £20,000 per annum, lor a 2 or 3 yèar period, though our grant values have varied over
time, our highest grant awarded in a single year was £600,000 and our lowest £250.
Our working team of TrLJStees, Andrew and John. supported by our TrLJSt c(￿OrdInatOr, Joanne, visit prospective
and current grant holders as part of due diligence and monitoring. We encourage grantees to set the parameters
for use of grant,. we offer 95°/o of grantees either unrestricted funding or funding for core running costs. For grants
over £5,000, we scrulinise due diligence material in quarterly Trustee Meetings attended by all Trustees and our
Trust Co-ordinator, and for project specific grants we request a brief proposal and budget aligned lo the intended
project expenditure.
Achievements and performance
In the last year, we continued lo focus our grants on supporting children, young people and older people,
particularly those with dementia and their carers. We also continued our non-granl making work lo.
help charities collaborate successftjlly to access ftjnding
connect with other funders, both to reduce multiple applications by charities to multiple funders and to bring
new funders lo the attention of local charities
identify where governance and management changes can enable people to realise their ambitions for their
charity.
We continued with a number of small l°micro"I grants we make lo community group grantees who are delivering
very localised support to their communities. We do so by continuing lo work with local councils, councillors and
civil society infrastructure organisalions lo identify community groups lo support. Those grants are £1,000 or
less.
Our priorities remain the same across all our work. Through the year we made grants totalling £3,471,03412022'.
£1,818,769) from income of £1,504,832 {2022". £21,049,9431 with the remainder from capital.
(Note that thè 2022 income figure was excèptional and represented by the two cash contributions received in
November 2022 as described in the previous year's accounts. Accounting rules require this lo be Irealed as
income. In practice the Trustees regard it as part of the capital of the Trusl.I
The Trust was successful in applying for a £400,000 Reaching Communities grant from NLCF in Autumn 2022 for
a project entitled 'County Durham Direct Delivery Youth Partnership,. The money was distributed by the Trust as
a series of one-off, maximum 12-monlh long commissions with partner organisalions who deliver to children and
young people in County Durham, starting In November 2022 with distribution of funds completed by end of
October 2023. The £400,000 grant was received from NLCF in 2 equal inslalmenls, acros5 2 successive half
years, on 1 November 2022 and 1 May 2023, with the grant lolal also being extended by NLCF, with a further
£40,000 received on 1 May 2023.

BALLINGER CHARITABLE TRUST
TRUSTEES, REPORT (CONTINUED)(INCLUDING DIRECTORS, REPORT)
FOR THE YEAR ENDED 31 DECEMBER 2023
Our grant-making and non-granl-making work has been well supported by our Trust Co-ordinator Joanne.
In the pèriod, we continued with rènewing mulli-year grant relationships wi(h most of our existing grantees and
re-opened our online grant application system in May 2023 10 identify potential new grantees. The largel grant
expenditure for 2023 was £3m, and in 2024 this will be £3.25m.
Flnanclal revlew
Free reserves, which are ftjnds available to the charitable company, stand at £53,392,183 12022.. £56,615,587),
equivalent to the total income funds less restricted funds, designated funds and tangible assets sel out in the
balan￿ sheet.
Investments between balance sheet dales have increased in value this year from £53,334,756 10 £57,014,228,
reflecting that our portfolio of investments managed by Rathbones Group plc I'Ralhbones"l increased in value.
In 2023, the charitsble company received donations tolalling £240,00012022'. £19,699,999).
(Note that donations in 2022 were exceptional,. a single donation of £17,500,000, and a separate donation of
£2,000,000 for which the donor instructed Gift Aid lo be claimed, were received. The gift aid was duly claimed
from HMRC and received as a payment of £501,034 in February 2023. Those two donations conclude a transfer
of assets Into the Trust that has been regularfy ongoing since 2007.1
Rathbones were appointed as the new delegated investment manager in November 2022. A transfer of
investments and cash from the previous investment manager lo Ralhbones commenced 29 November 2022 and
was completed on 20 April 2023.
In late 2022. the Trustees decided to spend down the total assets over a 20-year timeline, commencing in 2023.
The Trustees agreed lo aim lo expend £3,000,000 in 2023 and increase this expenditure in annual increments of
£250,000 thereafter, until the annual expenditure reaches £6,000,000. For the lime being, this deusion to spend
down is being kept under annual review by the Trustees.
At year end the portfolio had increased in value. Ralhbones and we, the Trustees, have agreed an appropriate
risk profile for the investments managed by Rathbones on our behalf. We will continue to keep investments
under review with regular discussion wth Ralhbones and Rathbones benchmark investment portfolio
performance.
We assess major risks for the charitable company and are satisfied that systems are in place to miligale
exposure to the major risks. The b￿0 major risks are firstly that investments fall significantly and unexpectedly in
value, which Is mitigated by our relationship with Rathbones, and secondly that grantees, charities who re￿1ve
grants from us, misuse the funds provided. We minimise the laller risk by assessing charities prior lo making
larger donations and subsequent monitoring through the donation period using written reports and in-person
We expect to meet all designated funding commitments in the coming year and lo continue lo support Charities to
complete projects, which fulfil our priorities. There are no uncertainties at the year-end regarding going concern.
We expect to Continue the above work streams. which we manage through the working team, our website and
the pattern of Trustee decision-making currently in operation.
At any one time, we have a number of multi-year grants for which we set aside funds
Information on these grants can be found al note 17 to the accounts.
designated funds.

BALLINGER CHARITABLE TRUST
TRUSTEES. REPORT (GONTINUED)IINCLUDING DIREGTORS. REPORT)
FOR THE YEAR ENDED 31 DECEMBER 2023
structure, govemance and management
In l 994, Martin Dallin9er set up a tharitable foundation, The Ba11inger Charitable Trust, using part of liis shares
and dividend income trom Go-Ahead Group plc. which he ccplounded in 1987 as Go Ahead Northem
Limited, fdlowng tha privab'sation of the Northem Bus Company. The pn'napal airns of the new foundalicn were
to bènèfit the young arKJ the old in the North East of England, the home lefritory of bolh Marlin BalliivJ¢r otTJ Go
Ahead Northem ￿rnited. Martin 8allingerf5 bequest of Go Ahead Group plc shar&s in 2C07 increasad the Gapit
ol the foundation and has enabléd us lo make £26,663,118 of grants since that dale. Th* sama yègF the
foundation Ghanged Gonstitubon to become a company litnit&d by guarantee and Ttusle¢s tr￿Me Directors 91
the company, governgd by company Law.
The chanty is a company limited by guarante& and is thereforg govern9d by a mernorandum and artides ol
asswatson. The mernorandum and articles of as50ciats.on govern eligibility lor membership of the charity and
mK>mhArqhip of th@ Board of T￿l$tO@s. Thgro aro no r•strictions in thé gov•ming document on th• op•rAtion of
the charity or on ils inveslrnenl powers other than thosg imposed by gÉnoral charity law. None of the Trustees
na5 any ber￿fi￿al Inte￿st In tne company. All Trustees are mernf*rs of the eompany 8nLI guarantee to
contribLltè f1 in th& &v•nt of a winding up.
Tne organisation Is govemed by a Board of D1￿CtOrS, which consists of nominated momtfjts.
The dir￿t￿r$ arè iesponsible for the management and control of Thè B￿lIr￿er Charitable Trust and the overall
direction ol its work. Thosè Mrt)o sèrvÉd during tho year werè.
Mrs D Ballingèr
Mr5 N CrowUi&r
Mr A AAllino
MrJ FIYM
The directors are still referred to in th&r day to day work as tmstees. No trustee recruitment 15 currenuy tskir
pla￿ and we are not expectino to appoint néw trust
Auditor
In accordance the company's artides, a resolution proposing Ihat Azets Audlt servI￿s LE rear4)ointed as
auditor of the company will be put at a General Meeting. The report ol the directors has been proparad taking
advantag• of th• gmall Companies oxomption of sèction 415A tsf the Compant¢s Act 2006.
Dis¢lo$ure of inlorniation to auditor
Eacn Of the trusiees nas conhmiea tnat tnere Is no lnfomiats.on of whi¢* they are aware which is relevant to the
audit. but of whieh #iJ(litN is iinawaro. Thoy ￿rth•t eonffmied that they have taken approprigt• st*ps to
identify such relevant infom)ation and to establish that the auditor is aware of such infomiatiw_
The trustees, r¢port was aprffoved by the Board ofTru$l&es.
Mrs D Balllngor
Trustee

BALLINGER CHARITABLE TRUST
STATEMENT OF TRUSTEES, RESPONSIBILITIES
FOR THE YEAR ENDED 31 DECEMBER 2023
The trustees, who are also the directors of Ballinger Charitable Trust for the purpose of company law, are
responsible for preparing the Trustees, Report and the accounts in accordance with applicable law and United
Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Pracli¢el.
Company Law requires the Iruslees lo prepare accounts for each financial year which give a true and fair view of
the slate of affairs of the charitable company and of the incoming resources and application of resources, including
the income and expenditure. of the charitable company for that year.
In preparing these accounts, the trustees are required to..
select suitable accounting policies and then apply them consistently",
observe the methods and principles in the Charities SORP",
make judgements and eslimales that are reasonable and prudent.. and
prepare the accounts on the going concem basis unless it is inappropriate lo presume that the charitable company
will continue in operation.
The tiuslees are responsible for keeping adequate accounting records that disdose with reasonable accuracy al
any time the financial position of the charitable company and enable them lo ensure that the accounts comply with
the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and
hence for tsking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the corporate and financial information included on
the charitable company's website. Legislation in the United Kingdom goveming the preparation and dissemination of
financial statements may drfter from legislation in other jurisdictions.

BALLINGER CHARITABLE TRUST
INDEPENDENT AUDITOR'S REPORT
TO THE TRUSTEES OF BALLINGER CHARITABLE TRUST
Opinion
We have audited the financial slalements of Ballinger CharV(able Trust Ilhe 'charilable company'l for the year ended
31 December 2023 which comprise the statement of financial activities. the balance sheet, the statement of cash
flows and notes lo the financial slatemenls, including significant a￿oUntIng policies. The financial reporting
framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards,
including Financial Reporting Standard 102 The Financial Reporting Standard applicable the UK and Republic of
I￿land (United Kingdom Generally Accepted Accounting Praclicel.
In our opinion, the financial slatemenls..
give a true and fair view of the slate of thè charitable company's affairs as al 31 De￿mber 2023 and of its
incoming ￿SoUrceS and application of ￿sourCes, for the year then ended,"
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice,.
and
have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Stsndards on Auditing IUKI IISAS IUKII and applicable
law. Our responsibilities under those standards are ftjrther described in the Audilorts ￿SponsIbl1rfAes for the audit of
the financial statements section of our report. We are independent of the charitable company in a¢¢ordance with the
ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical
standard, and we have fulfilled our other ethical responsibilities in accordance ¥Mth these requirements. We believe
that the audit evidence we have obtsined is sufficient and appropriate lo provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial stalemenls, we have concluded that the Iruslees, use of the going concern basis of
accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or
conditions that. individually or collectively, may cast significant doubt on the charitable company's ability to continue
as a going concern for a period of at least twelve months from when the financial statements are authorised for
issue.
Our responsibilities and the responsibilibes of the ttuslees wth respect lo going concern are described in the
relevant sedions of this report.
Other inforniation
The other information comprises the information included in the annual report other than the financial slalements
and our audilorfs report Ihereon. The Iruslees are responsible for the other information contained within the annual
report. Our opinion on the financial statements does not cover the other infomialion and we do not express any fomi
of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider
whether the other information is materially inconsistent wth the financial statements or our kno￿edge obtained in
the course of the audit, or otherwise appears lo be materially misstated. If we identify such material inconsistencies
or apparent material misstatements, we are required lo dètermine whether thi5 gives rise lo a material misstalemenl
in the financial statements themselves. If, based on the work we have performed, we con¢lud& that there is
material misstslement of this other information, we are required lo report that fact.
We have nothing lo report in this regard.
Matters on whlch are requlred to report by exceptlon
We have nothing to report in respect of the following matters in relation lo which the Charities (Accounts and
Reports) Regulations 2008 require us lo report lo you if, in our opinion".
the information given in the financial slalements is inconsislenl in any material respect with the Iruslees,
report., or
sufficient accounting records have not been kept., or
the financial slalements are not in agreement with the accounting records", or
we have not received all the information and explanations we require for our audit.

BALLINGER CHARITABLE TRUST
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF BALLINGER CHARITABLE TRUST
Re5ponsibilitie5 of trustees
As explained more fully in the Statement of Trustees, Responsibilities, the Iruslees. who are also the directors of the
charitable company for the purpose of company law, are responsible for the preparation of the a￿ount$ and for
being satisfied that they give a true and fair view, and for such internal wntrol as the trustees determine is
necessary to enable the preparation of accounts that are free from material misstatement, whether due to fraud or
error.
In preparing the accounts, the trustee5 are responsible for assessing the charitable company's ability to continue as
a going concern, disclosing, as applicable, matters related to going concem and using the going concern basis of
accounting unless the trustees either intend lo liquidate the company or to cease operations, or have no realistic
alternative but lo do so.
Auditor's responsibilities for the audit of the financial ststements
We have been appointed as auditor under section 144 of the Charities Act 2011 and reFx)rt in accordance wth the
Act and relevant regulations made or having effect thereunder.
Our objectives are to obtain reasonable assurance aboLJt whether the financial statements as a whole are free from
material misstatement. whether due to fraud or error. and lo issue an auditor's report that includes our opinion.
Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance
with ISAS IUKI will always detect a material misstatement when it exists. Misstatements can arise from fraud or
error and are considered material if, individually or in the aggregate, they could reasonably be expected lo influence
the economic decisions of users taken on the basis of these financial slatemenls.
A further description of our responsibilities is available on the Financial Reporting Council's website al.. https'.11
www.frc.org.uklaudilorsresponsibilities. This description forms part of our auditor's 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 detecting irregularities, including fraud
Itregularilies, Induding fraud, are Instances of non-compliance with laws and regulations. We design procedures in
line wth our responsibilities, outlined above and on the Financial Reporting Council's website, lo delect material
misslalements in respect of irregularities, including fraud.
We obtain and update our understsnding of the entity. ils aclivilies. ils control environment. and likely future
developments. including in relation to the legal and regulatory framework applicable and how the entity is complying
with that framework. Based on this understanding, we identify and assess the risks of material misstatement of the
financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks,
and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. This includes
consideration of the risk of acts by the entity that were contrary lo applicable laws and regulations, in¢luding fraud.
In response to the risk of irregularities and non-complian￿ with laws and regulations, including fraud, we designed
procedures which included..
Enquiry of management and those charged with govemance around actual and potential litigation and
claims as well as actual, suspected and alleged fraud.,
Reviewng minutes of meetings of those charged with governance.,
Assessing the extent of compliance with the laws and regulations considered to have a direct material
effect on the financial stslemenls or the operations of the enlily through enquiry and inspection,"
Reviewing financial stslemenl disclosures and testing lo supporting documentation lo assess compliance
with applicable laws and regulations.,
Performing audit work over the risk of management bias and override of controls, including lesling of
journal entries and other adjustments for appropriateness. evaluating the business rationale of signifi¢anl
transactions outside the normal course of business and reviewng accounting estimates for indicators of
potential bias.
Because of the Inherent limitations of an audit, there is a risk that we will not detect all irregularities, including thosè
leading to a matèrial missl8temenl in the financi81 slalements or non-compliance wf(h regulation. This risk
increases the more that compliance with a law or regulation is removed from the events and transactions reflècted
in the financial slalements. as we will be less likely lo become aware of instances of non-compliance. The risk of
not detecting a material misslatemenl resulting from fraud is higher than for one resulting from error. as fraud may
involve collusion, forgery. intentional omissions, misrepresentslions, or the override of internal control.
This report is made solely lo the company's members, as a body, in accordance with section 391 of the Companies
Act 2014. Our audvc work has been undertaken so that we might slate to the company's members those matters we
are required lo state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law,
we do not accept or assume responsibility to anyone other than the company and the company's members as a
body, for our audit work, for this report, or for the opinions we have formed.
Joanne Regan FCA (Senior Statutory Auditor)
for and on behalf of Azets Audlt Servlces
23 September 2024
Chartered Accountants
Ststutory Auditor
Bede House
Belmont Business Park
DURHAM
United Kingdom
DH1 1TW
Azels Audit Services is eligible for appointment as auditor of the charitable company by virtue of ils eligibility for
appointment as auditor of a company under section 1212 of the Companies Act 2006.

BALLINGER CHARITABLE TRUST
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2023
Unrestrlcted Restrlcted
funds
funds
2023
2023
Total
Unrestrfcted Restrlcted
funds
funds
2022
2022
Total
2023
2022
Notes
Income and endowments from:
Donations and
lègacies
Investments
Other income
240,000
1,291
240,000
1,284,832
19,699,999
649,811
500,000
200.000 19,899,999
133
649,944
500,000
1,263,541
Totsl income
1,263,541
241,291
1,504,832
20,849,810
200,133 21,049,943
Ex
enditure on:
Raising funds
126,293
126,293
137,142
137,142
Charitable activities
2,960,276
589,769
3,550,045
1,576,509
322,455
1,898,964
Total expenditure
3,086,569
589,769
3,676,338
1,713,651
322,455
2,036,106
Net gainslllossesl on
investments
10
2,641,791
2,641,791
9,413,556
9,413,556
Net movement In fund$
818.763
1348,4781
470,285
28,549,715
1122.322} 28,427,393
Fund balances al 1 January
2023
56,837,429
387,678 57,225,107
28,287,714
510,000 28,797,714
Fund balances at 31
Dècember 2023
57,656,192
39,200 57,695,392
56,837,429
387.678 57,225,107
The statement of financial activities indudes all gains and losses recognised in the year.
All income and expenditure derive from continuing aclivilies.
The statement of financial activities also complies with the requirements for an income and expenditure account
under the Companies Act 2006.

BALLINGER CHARITABLE TRUST
BALANCE SHEET
AS AT 31 DECEMBER 2023
2023
2022
Notes
Flxed assets
Tangible assets
Investments
12
13
873
57,014,228
1,092
53,334,756
57,015,101
53,335,848
Current assets
Debtors
Cash at bank and in hand
14
14,949
684,223
515.983
3,458,679
699,172
3,974,662
Creditots- amounts falling due within
one year
15
118,8811
185,4031
Net current assets
680,291
3,889,259
Total assets less current liabilities
57,695,392
57,225,1 Q7
Ineome funds
Restricted funds
Unrestricted funds
Designated funds
General unrestricted funds
16
39,200
387,678
17
4,223,936
53,432,256
220,750
56.616,679
57,656,192
56,837,429
57,695,392
57,225,107

BALLINGER CHARITABLE TRUST
BALANGE SHEET (GONTINUED)
AS AT31 DECEMBER 2023
The company is eth"Ued lo the exempts'on from the audit reqUir￿￿ent contained in section 477 of the Comp￿18$ Act
2ts)6, frjr the y￿r ended 31 December 2023. although en b¢¢n Gorried under secti¢)n 144 of thc
Charits'e5 Act 2011.
Tne trustees are reswnsiDie Tor ensuring tnat tne cn￿"ty keeps accounts.ng recoros ￿lch comply wth section 386
of the Act and for prepariro accounts which give a tme and fair view of Ihe state of affairs of the company as at the
end ol the financial year They arg also responsible for its incoming resource5 and application of resource5,
including lis Income and expendiiure for the financial year in accordance witr) tne requifftments Of secuons 384 ana
395, and for complianc8 With th• requir•monts of th• Compani8$ Act 2(M)6 re18tir¢ tr) accolmts, so far as 8pplicablè.
Tho mombérs not T￿lI1r0d th& cMipany tr> obtsin an gudit of its finanaal stateM￿S und8r th• r•ryiJir•nénts
of the Compan*8s Act 20c￿, for tts ygar in question in aC￿r￿an￿ wth ￿￿.9￿ 476.
Th¢s¢ financial statement5 hav& prepared in aG￿rdance with the provisions applicable to companieJ subj'eci
lo the small companies retyme.
The fina)cial StateM￿lts wore approved by tho Tn4Stees on ............ ............
MrA Balling
Trustee
Company r@olstratlan nUrn￿r 06428200
10-

BALLINGER CHARITABLE TRUST
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2023
2023
2022
Notes
Cash flows from operatlng actlvltles
Cash (absorbed byllgeneraled from
operations
20
13,001,807)
18,356,391
Invg$tlng a￿l¥ll1￿$
Purchase of investments
Proceeds from disposal of investments
Investment income re￿iVed
172,334,375)
71,2￿,694
1,264,832
139,394,849)
23.724,951
649,944
Net cash generated fromllus&d Inl
investing activities
227,151
115,019,954)
Not ¢a$h u$gd In flnan¢lng a￿1vItI&$
Net Idecreasellincrease in cash and cash
equlvalents
12,774,456)
3,336,437
Cash and cash equivalents at beginning of year
3,458,679
122,242
Cash and cash equivalents at end of year
684,223
3,458,679

BALLINGER CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Accounting policies
Company information
Ballinger Charitable Trust is a private company limited by guarantee incorporated in England and Wales. The
registered office is Bede House, Belmont Business Park, DURHAM, DH1 1TW, United Kingdom.
1.1 Accounting convention
The financial statements have been prepared in accordance with the charitable company's governing
document. the Companies Act 2006. FRS 102 'The Financial Reporting Standard applicable in the UK and
Republic of Ireland. l FRS 102.1 and the Charities SORP "Accounting and Reporting by Charities.. Statement
of Recommended Practi￿ applicable to charities preparing their accounts in accordance with the Financial
Reporting Standard applicable In the UK and Republic of Ireland IFRS 1021 (effective 1 January 20191. The
charitable company Is 8 Public Benefit Enlily as defined by FRS 102.
The financial statements are prepared in sterling, which is the functional currency of the charrtable company.
Monetary amounts in these financial stslemenls are rounded to the nearest £.
Assets and liabilities are initially recognised al historical cost or transaction value unless otherwse slated in
the relevant accounting policy notes. The principal accounting policies adopted are set out below.
1.2 Going concern
Al the lime of approving the financial stslemenls, the Iruslees have a reasonable expectation that the
Charitsble company has adequate resources to continue in operational existence for the foreseeable future.
Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial
slalements.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable
objectives.
Restricted funds are subject to specific conditions by donors as lo how they may be used. The purposes and
uses of the restricted funds are set out in the notes to the financial slalements.
Designated funds comprise funds which have been sel aside at the discretion of the trustees for specific
purposes. The purposes and uses of the designated funds are set out in the notes to the accounts.
1.4 Income
Income is recognised when the charitable company is legally enlilled lo il after any performance conditions
have been mel, the amounts can be measured reliably, and (( is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charitable company has
been notified of the donation, unless performance conditions require deferral of the amount. Income tax
recoverable in relation to donations received under GiftAid or deeds of covenant is recognised at the time of
the donation.
Legacies are recognised on receipt or otherwise if the charitable company has been notified of an impending
dislribulion, the amount is known, and receipt is expected. If the amount is not known, the legacy is Irealed as
a conlingenl asset.
12-

BALLINGER CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED}
FOR THE YEAR ENDED 31 DECEMBER 2023
Accountlng pollcles
Icontlnuedl
1.5 Expendltu
Liabilities are recognised as expendf(ure as soon as there is a legal or constructive obligation committing the
charity lo that expenditure, il is probable that selllemenl wll be required and the amount of the obligation can
be measured reliably.
Grants payable are payment5 made to third parties in the furtherance of the charitable objectives of the Trust.
In the case of an unconditional grant offer this is accrued once the recipient has been notified of the grant
award. Grant awards that are subject lo the recipient ftjlfilling performance conditions are only accrued when
the recipient has been notified of the grant and any remaining unftjlfilled conditions attaching to that grant are
outside of the control of the Trust.
A provision for a multi-year grant is recognised at ils present value where settlement is due over more than
one year from the date of the award, there are no unfulfilled performance conditions under the control of the
Trust that would permit the Trust to avoid making the future paymenllsl, settlement Is probable, and the effect
of discounting is material. The discount rale used is the rate offered on government bonds Igiltsl for a
commensurate or similar lime period offered in the year in which the grant award is made.
1.6 Tanglblg flx9d a$$gts
Tangible fixed assets are initially measured al cost and subsequently measured al cost or valuation, nel of
depreciation and any Impairment losses.
Depreciation is recognised so as lo write off the cost or valuation of assets less their residual values over their
useful lives on the following bases..
Fixtures, fittings & equipment
20% reducing balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale
proceeds and the carrying value of the asset, and is recognised in the stslemenl of financial activities.
1.7 Fixed asset invastments
Fixed asset investments are slated al market value as at the balance sheet dale. The statement of financial
adivilies includes the nel gains and losses arising on ￿valUation and disposals throughout the year.
Disposals of investments are treated on a FIFO basis.
Dividends are included in the in¢ome and expenditure a¢¢ounl when they are declared. Bank interest is
induded in the income and expenditure a¢counl on a receivable basis.
1.8 Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered.
Prepayments are valued al the amount prepaid after taking account of any trade discounts due.
1.9 Creditors and provisions
Creditors and provisions are recognised where the charity has a present obligation res￿￿1ng from a past event
that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can
be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement
amount after allowing lor any trade discounts due.
13-

BALLINGER CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED}
FOR THE YEAR ENDED 31 DECEMBER 2023
Donations and legacies
Restricted
funds
Unrestricted Restricted
funds
funds
Total
2023
2022
2022
2022
Donations and gnls
240,000
19,699,999
200,000 19,899,999
Invostments
Unrestrlcted Restrlcted
funds
funds
Total
Unrestrlcted Restrl¢ted
funds
funds
Totsl
2023
2023
2023
2022
2022
2022
Income from listed
investments
Interest receivable
1,182,112
81,429
1,182,112
82.720
548,002
101,809
548,002
101,942
1.291
133
1,263,541
1,291
1,264,832
649,811
133
649,944
Other Income
Unrestricted
funds
Total
2023
2022
GiftAid income
500,000
Raising funds
2023
2022
Investment management
126,293
137,142
126,293
137,142
14-

BALLINGER CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED}
FOR THE YEAR ENDED 31 DECEMBER 2023
Charitable activitie5
Total
2023
Total
2022
Stsff ¢osls
Depreciation and impaimient
Websrte
Postage
Event organisalion
Travel
Consultsncy
Sundries
Bank charges
Phone
Audit fees
21,767
219
5,219
396
14,380
79
23,000
1,260
130
561
12,000
18,593
273
970
378
8,000
370
24,000
1,954
13,062
595
12,000
79,011
80,195
Grants made lo institutions- Note 7
3,471,034
1,818,769
3,550,045
1,898,964
Analysis by fund
Unrestricted funds
Restricted funds
2,960,276
589,769
3,550,045
For the year ended 31 December 2022
Unrestricted funds
Restricted funds
1,576,509
322,455
1,898,964
15-

BALLINGER CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED}
FOR THE YEAR ENDED 31 DECEMBER 2023
Grants payable
Grants were made during the year to institutions, of which the following exceeded £20,000 per annum..
2023
2022
700 Club
A Way Out
Activity Den
Age Concern South Tyneside
Age UK Gateshead
Age UK North Tyneside
AIM North East
Allendale Youth Ambibon
BCT Aspire CIC
Berwick Youth Project
Blyth Tall Ship
Brandon Carrside Youth & Community
Breckon Hill Community Enterprise
Bright Futures NE
Bullion Cornmunity Resource Centre
Careis, Trust
Changing Futures North East
Gheesy Waffles Pioje¢t
Chopwell Community Association
Churches Together South Tyneside
Coatham House
Community Campus
Goping with Gancei NE
Corner House Youth Project
Cowpen Quay ComrnunityAssociation
Crarnlington Voluntary Youth Project
Creative YoLrth Opportunities CIC
D2 Youth Zone
Denton Youth & Community Project
Derwentside Detached Youth
Dry VVaterArts CIC
Durham Area Youth
Durh8m Community Action
Easington Lane Community Access Point
East Cleveland Youth Housing Trust
East Durharn Employability TIu5t
Eastern Ravens Trust
Edberts House
EpicTeesside CIC
Family Gateway
First stop Dailington
Fishburn Youth & Community Centre
Footprints in the Cornmunity
Gateshead Older Peoples Centre
Halo Project
20,000
20,000
20,000
20,000
20,000
20,000
20,000
22,500
37,000
25,000
25,000
20,000
20,000
25,000
20,000
20,000
20,000
20,000
20,000
20,000
22,750
22,000
20,000
25,000
20,000
25,000
20,000
25,000
25,000
20,000
20,000
33,000
20,000
30,000
20,062
20,000
20,000
20,000
20,000
20,000
20,000
20,000
20,000
30,000
20,000
20,000
20,000
30,000
20,000
24,122
30,000
20,000
16-

BALLINGER CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED}
FOR THE YEAR ENDED 31 DECEMBER 2023
Grants payable
Icontlnuedl
Hartlepool Carers
Heart Wood
Integrating Children
Key Community Ltd
Key Fund Federation
Kids Kabin
Kidz Konnekt
Kilmarnock Road children & Young People Family
Resource Cenlie
Kinship
Linx Youth Project
Meadow Well Connected
Mind Active
Newcastle Carers
Newton Aycliffe Youth & Community
North East Dementia Care
North East Young Dads and Lads
North Tyneside Carerfs Centre
North Tyneside Disability Forum
Northumbria Coalition Against Crime
Pallion Action Group
P8lchwork Project
Pathways 4 All
Pelton Community Association
Projeds 4 Change
Redcar & Cleveland Mind
Redcar Development Trust
Sacriston Youth Project
Save the children Iwallsend Children's
Community)
Seahouses Development Trust
Search
Shotton P8rtneiship
Silverline Memories
Smile for Life
St Chad's Community Project
St Paul's Cornmunity Partnership
STAMP Revisited
Stanley Area Youth Consortium
Streetwise Young People's Project
Sundedand All Together Consortium
Sunderfand Bangladesh International Centre
Tees Esk & We31 Valley NHS Foundation TtU5t
Tees Valley Wornen's Centre
UTASS
Wansbeck CVS
Wheatley Hill Cornrnunity Association
Wornen's Health in South Tynheside
Woodhouse Close Church & Community Centre
20,000
25,000
25,000
20,000
20,000
25,219
20,000
20,000
20,000
25,000
20,000
20,000
20,000
25,000
20,000
20,000
20,000
20,000
20,000
20,000
20,000
20,000
22,000
20,000
20,000
20,000
30,000
100,000
20,000
34,000
27,940
20,000
20,000
20,000
20,000
20,000
30,000
25,000
180,000
20,000
20,000
20,000
20,000
35,456
30,000
20,000
20,000
20,000
50,000
95,000
27,167
17-

BALLINGER CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED}
FOR THE YEAR ENDED 31 DECEMBER 2023
Grants payable
Icontlnuedl
Woodshed Workshop CIC
YMCA Northumberland
Young Women's Outreach Project
Total Grants made to institutions of less than
£20,OiXI per annum
45,000
20,000
20,000
25,000
1,261,107
1,290,480
3,471,034
1,818,769
Tru$leg$
John Flynn received £23.00012022'. £24,000) from the charity in lieu of lost income for his lime spent on work
for the ¢harity during the year, and was also reimbursed £79 for travel expenses incurred 12022 - £3701. The
trustees believe this sum is a worthwhile cost due lo the value of expertise Mr Flynn provides to the charity.
Employoas
The average monthly number of employees during the year was..
2023
Number
2022
Number
Employment costs
2023
2022
Wages and salaries
Other pension costs
21.302
465
18,225
368
21,767
18,593
There were no employees whose annual remuneration was more than £60,000.
10 Net gainslllossesl on investments
Unrestricted Unrestricted
funds
funds
2023
2022
Revaluation of investments
Gainlllossl on sale of investments
2,030,257 11,351,265)
611.534 10,764.821
2,641,791
9,413,556
18-

BALLINGER CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED}
FOR THE YEAR ENDED 31 DECEMBER 2023
11 Taxation
The charity is exempl from lax on income and gains falling within section 505 of the Taxes Act 1988 or section
252 of the Taxalionof Chargeable GainsAcl 1992 to the extent that these are applied to its charitsble objects.
12 Tangible fixed assets
Flxturos, flttlngs & 8qulpmont
Cost
Al 1 January 2023
2,886
Al 31 December 2023
2,886
Depreciation and impaimient
Al 1 January 2023
Depreaation charged in the year
1,794
219
Al 31 December 2023
2,013
Carrying amount
Al 31 December 2023
873
Al 31 December 2022
1,092
19-

BALLINGER CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED}
FOR THE YEAR ENDED 31 DECEMBER 2023
13 Fixed asset investments
Llsted
Investments
Cost or valuation
At 1 January 2023
Additions
Valuation changes
Disposals
53,334,756
72,334,375
2,030,257
170,685,161)
Al 31 December 2023
57,014,227
Carrylng amount
At 31 December 2023
57,014,227
Al 31 December 2022
53,334,756
Fixed a55et investments revalued
Listed investments are included at their market value as at the balance sheet date using the closing quoted
market pri￿. The historic cost of the investments at the balance sheet date was £54,321,605 12022..
£52,361,7391.
14 Debtors
2023
2022
Amounts falling due within one year:
Other debtors
14,949
515,983
15 Creditors- amounts falling due within one year
2023
2022
Other creditors
Accruals and deferred income
67,000
18,403
18,881
18,881
85,403
-20-

uz
£J
CL￿￿

BALLINGER CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED}
FOR THE YEAR ENDED 31 DECEMBER 2023
17 Designated funds
The income funds of the charity include the following designated funds which have been sel aside out of
unreslricled funds by the trustees for specAfic purposes".
Movement in funds
Balance at 1 Incoming Resources
January resources
expended
2023
Balance at 31
December 2023
4Louis
700 Club
Away out
Acoms Project
Action for Station Town CIC
Action on Dementia
TheAclivily Den
Advi￿ at Hart cic
Aeionauls Trampoline Club
Age Con￿rn South Tyneside
Age UK Gateshead
Age UK North Tyneside
AIM North East
lendale Youth Ambition
Islars Netball
Apna Ghar
Beaconhill Community Centre
Bell View
Berwick Youth Project
Big League CIC
Billon Hall Communty Trust
Birtley Community Association
Birtley East Well-Being Group
Blyth Tall Ship
Brandon Carrside Youth & Communty
Breckon Hill Community Enterprise
Bridge Creative CIC
Bright Futures NE
Bullion Community Resource Centre
Burradon & Camperdown Comm Association
Carers, Trust
Catalyst stockton
Changing Futures NE
Cheesy Waffles Project
Chopwell CommunilyAssocialion
Chopwell CommunityAssociation (Youth Clubl
Chopwell Regeneration Group
Chrysalis Tynedale
Churches Together South Tyneside
Coalham House
1,000
40.000
60,000
45,000
1,598
30,000
30.000
30,000
1,000
60.000
60,000
60.000
60,000
37,500
1.000
30,000
750
11,0001
120,0001
120,0001
115,0001
11,5981
115,0001
110,0001
115,0001
11,0001
120,0001
120,0001
120,0001
120,0001
112,5001
11,0001
110,0001
17501
115,0001
120,0001
110,0001
110,0001
110,0001
11,0001
120,0001
115,0001
120,0001
115,5001
120,0001
120,0001
11,0001
120,0001
113,7001
120,0001
110,0001
12,7501
120,0001
115,0001
110,0001
122,0001
120,0001
20,000
40,000
30,000
15,000
20,000
15,000
40,000
40,000
40,000
40,000
25,000
20,000
15,000
60,000
10.000
20,000
20,000
1.000
60,000
30.000
60,000
15,500
60.000
40,000
1,000
60.000
13,700
40.000
30,000
2,750
60,000
40,000
10,000
10,000
40,000
15,000
40,000
40,000
20,000
40,000
20,000
20,000
40,000
15,000
10,000
30,000
20,000
30,000
20.000
52,000
40.000
-22-

BALLINGER CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED}
FOR THE YEAR ENDED 31 DECEMBER 2023
17 Deslgnated funds
Icontlnuedl
Community Campus 87
Community Stepping Stones CIC
Consetl 1409 ATC Cadets
Coping with Can¢er NE
Corner House Youth Project
Cowpen Quay Community Association
CramlingtDn Voluntary Youth Project
Creative Youth Opportunities CIC
D2 Youth Zone
Darlington Association on Disability
Darlinglon CAP
Denton Youth & CommLJnity Project
Den￿eNts1de Detached Youth
Dry Water Arts CIC
Durham Area Youth
Durham City Youth Projects
Easinglon Lane Community A¢cess Point
East Cleveland Youth Housing Trust
East Durham Employability Trust
East Durham Veterans Trust
Eastern Ravens Trust
Easllea Community Centre
Edbert's House
Epic Teesside CIC
Farnily Fitness & Food CIC
Family Gateway
Fibri>Connect-TS CIC
First Stop Darlington
Fishbum Youth & Community Centre
Foolprinls in the Community
Future Regeneration of Grangelown
Gateshead FC Foundation
Gateshead Older People's Centre
Gateway into the Community
Grays Ladies Friendship Club
Halo Project
Hartlepool Athletics
Hartlepool Big Town Tidy-up
Hartlepool Carers
Hartlepool Hawks
Hartlepool Men's Shed
Hartlepower
Headland ABC
Heart Wood
Hetton New Dawn
Hindu Nan Sangh
Hope Church East Cleveland
HOPS Healing Opportunities
Houghlon le Spring ResidentsAssociation
{Acumen Comml
Huskies Basketball
75.000
20,000
5,000
40.000
75,000
60.000
75.000
30,000
60.000
30,000
30.000
40,000
38,000
60.000
60,000
2,554
60.000
40,000
135.000
20,000
40,000
20.000
60,000
60.000
500
40,000
1.000
60,000
40.000
20.000
3,200
5.600
60,000
1,000
1.000
40,000
1,000
500
60,000
1.000
1,000
20,000
1,000
45,000
30.000
1,000
30,000
30.000
125,0001
110,0001
15,0001
120,0001
125,0001
120,0001
125,0001
115,0001
120,0001
115,0001
115,0001
120,0001
123,0001
120,0001
120,0001
19,3041
120,0001
120,0001
135,0001
110,0001
120,0001
110,0001
120,0001
120,0001
15001
120,0001
11,0001
120,0001
120,0001
120,0001
13,2001
15,6001
120,0001
11,0001
11,0001
120,0001
11,0001
15001
120,0001
11,0001
11,0001
50,000
10,000
20.000
50,000
40,000
50.000
15,000
40,000
15,000
15,000
20,000
15,000
40,000
40,000
6,750
40.000
20,000
115,000
10,000
20,000
10,000
40,000
40,000
15,000
20,000
40,000
20,000
40,000
20,000
40,000
20,000
11,0001
115,0001
115,0001
11,0001
110,0001
115,0001
30,000
15,000
20,000
15,000
1,000
1.161
11,0001
11,1611
-23-

BALLINGER CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED}
FOR THE YEAR ENDED 31 DECEMBER 2023
17 Deslgnated funds
Icontlnuedl
Impact Family Services
Integrating Children
Jarrow Sea Cadets
Key Community Ltd
Key Fund Federation
Kid's Kabin
Kidz Konnekl
Kilmarnock Road Children & Young People Family
Resource Centre
Kinship (previously ¢alled Grandparents Plus)
Let's Pretend & Play
Lilyannes CIC
Linskill Centre
Linx Youth Project
Little Treasures
Longbenlon Youth Project
Macrae House Community Centre
Manilla Cycling
Martha & Mary Association
Meadow Well Connected
Men's Pie Club
MHA Communities Teesside
Mind & Sole CIC
Mind Active
My Time Social Hubs
Natural Ability
New Hope North East
New Perspective Ivia Ha￿epOwer)
Newcasue Carers
Newton Aycliffe Youth & Communty
Nite Light CIC
North East Autism Society
North East Dementia Care
North East Young Dads & Lads
North Tyne Youth
North Tyneside Carerfs Centre
North Tyneside Disability Forum
Northbourne Street Youth Initiative
Northumberland Community Enterprise
The Northumberland Log Bank
Northumbria Coalition Against Crime
Out of Sight
Pallion Action Group
Patchwork Project
Pathways 4 All
Pe￿On CommunityAsso¢iation
People & Drugs
Phoenix Detached Youth Project
Post Partum Matters CIC
Projects 4 Change
Queen's Road Day Centre
45.000
45,000
1,500
60.000
40,000
45.219
60,000
115,0001
115,0001
11,5001
120,0001
120,0001
125,2191
120,0001
30,000
30,000
40.000
20,000
20,000
40,000
60,000
120,0001
120,0001
12,0001
115,0001
117,0001
125,0001
110,0001
116,4801
15,0001
17201
15,0001
120,0001
15,0001
113,6961
115,0001
120,0001
11,0001
115,0001
115,0001
11,0001
120,0001
115,0001
115,0001
110,0001
120,0001
120,0001
115,7801
120,0001
120,0001
112,0001
112,5001
11,0001
120,0001
112,5001
120,0001
120,0001
120,0001
112,0001
115,0001
115,0001
11,0001
120,0001
11,0001
40,000
20,000
2,000
30.000
34,000
75,000
20.000
32,960
10.000
720
5,000
60.000
5,000
13,696
30,000
60,000
1.000
30,000
30,000
1.000
40,000
30.000
30,000
10,000
40.000
60,000
15.780
60,000
60,000
36.000
25,000
1,000
60.000
37,500
40.000
60,000
60,000
12.000
45,000
30.000
1.000
60,000
1.000
15,000
17,000
50,000
10.000
16,480
5,000
40,000
15,000
40,000
15,000
15,000
20,000
15,000
15,000
20,000
40,000
40,000
40,000
24,000
12,500
40.000
25,000
20,000
40,000
40,000
30,000
15,000
40,000
-24-

BALLINGER CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED}
FOR THE YEAR ENDED 31 DECEMBER 2023
17 Deslgnated funds
Icontlnuedl
Rape Crisis Tyneside & Northumbedand
Redcar & Cleveland Borough Counal
Redcar & Cleveland Mind
Redcar Development Trust
Royal Voluntary Service
Rubies
Sacriston Youth Project
Samaritans Darfington
Sanctuary Rangers (via Hartlepowerl
Seahouses Development Trust
Search
ShineyAdvice & Resource Project
Shotton Partnership
Silverline Memories
Smile for Life
SNAPS
Social Club for the Blind Darlinglon
South Hyllon Tansy Centre
South Stanley Partnership
Sported Foundation
Sporting Chance Middlesbrough
Springwell Community Hub
Springwell Village Community Venue
Sl Ann's Partnership
St Anthony's Youth Education & Support
Sl Chad's Community Project
Sl Paul's Community Partnership
STAMP Revisited
Streetwise Young People's Project
Sunderfand All Together Consortium
Sunderfand Bangladesh Intemalional Centre
Sundedand Samaritsns
Teams Life Centre
TEES CIO
Teesdale Community Resour￿$ (Making
Memories)
Tees Esk & Wear Valley NHS Foundation
Tees Valley Women's Centre
Teesdale Day Clubs
Teesside Dementia Link Services
TEN North East (Groundwork)
Timbadash CIC
Upper Coquetdale Community Transport
Upper Teesdale Agricultural Support Service
Useful Vision
VCA Sunderland
Veterans in Crisis
Wansbeck CVS
Weardale Together CIC
Wearside Women in Need
West View Project
45.000
11,000
40,000
60.000
60,000
30.000
60.000
1,000
1.000
60,000
75.000
30,000
55,540
40.000
60,000
20,000
1.000
20,000
20.000
11,000
1,000
21.000
20,000
24.000
50.167
60,000
60.000
115,0001
111,0001
120,0001
120,0001
110,0001
115,0001
120,0001
11,0001
11,0001
120,0001
134,0001
115,0001
117,9401
120,0001
120,0001
110,0001
11,0001
110,0001
110,0001
111,0001
11,0001
111,0001
110,0001
112,0001
115,1871
120,0001
120,0001
120,0001
125,0001
{180,0001
120,0001
15,0001
112,0001
117,5001
30,000
20,000
40.000
50,000
15,000
40,000
40,000
41,000
15,000
37,600
20,000
40,000
10,000
10,000
10,000
10,000
10,000
12,000
35.000
40,000
40,000
20,000
75,000
50,000
360.000
40,000
5,000
12,000
17,500
540.000
60,000
10.000
24,000
35,000
4,000
40,396
60.000
30,000
30,000
15.000
10,000
45.000
60,000
30,000
10.000
30,000
1,948
20.000
14,0001
120,3961
120,0001
115,0001
115,0001
115,0001
15,0001
20,000
40,000
15,000
15,000
5,000
45,000
40,000
15,000
120,0001
115,0001
110,0001
115,0001
11,9481
110,0001
115,0001
115,0001
15,000
10,000
15,000
30.000
15,000
-25-

BALLINGER CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED}
FOR THE YEAR ENDED 31 DECEMBER 2023
17 Deslgnated funds
Icontlnuedl
healley Hill Community Association
Whippet Up CIC
Whitley Bay Young People's Centre
Women's Health in South Tyneside
Woodhouse Close Church & Community Centre
Woodshed Workshop CIC
Wooler Drop In
Yarm Wellness
YMCA Northumb&rfand
YMCA Tees Valley
Young Women's Outreach Project
Youth Focus North East
20.000
30,000
10,000
60.000
60,000
65.000
20.000
10,000
60.000
27,712
60.000
45,000
120,0001
115,0001
110,0001
120,0001
120,0001
145,0001
110,0001
15,0001
120,0001
113,8561
120,0001
115,0001
15,000
40.000
40,000
20,000
10,000
5,000
40,000
13,856
40,000
30,000
220,750 6.951.451
12,948,265)
4,223,936
-26-

BALLINGER CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED}
FOR THE YEAR ENDED 31 DECEMBER 2023
17 Deslgnated funds
Icontlnuedl
General
Our Designated funds total increased significantly in 2023.
Up until December 2022, no mulli-year grants had been awarded by the Trustees since March 2020, and
the final year of most of those last multi-year grants was distributed during 2022.
However, in December 2022 the Trustees commenced awarding new multi-year grant awards, which
carried on through 2023, such that our Designated Funds al year end 2023 increased lo £4,223,936
{2022.' £220,750).
Sunderland All Together Consortium CIO ISATCI
In 2015. local youth work organisations in Sunderland camè together lo develop a Collective approach on
how lo overcome various challenges and best support the children and young people of Sunderland. The
member organisalions developed their consortium into a charitable incorporated organisalion that's now
equipped and prepared to build a sustainable future for youth work Servi￿$. The Sunderfand All Together
Consortium ISATCI fomially registered as a charitable incorporated organisation in February 2019.
The 7 current member organisalions are Bluewalch Youth Centre, Lambton Street Youth Centre, Oxclose
& District Young Peoples Project, Sunderland North Community Business Centre, Soulhwck Neighbour-
hood Youth Project, The Box Youth Project and Youth Almighty Youth Project.
The Ballinger Charitable TrLJSt awarded a new 3 year grant of £180.000 per annLJm to the consortium in
2023 to,. support core costs of the 7 members, support the core costs of the consortium itself and to help
the consortium engage with and support other youth providers in the city of Sunderfand.
East Durham Employability Trust
The Ballinger Charitable Trust commenced grant support of this registered charity in 2018.
The East Durham Employability Trust was created to address the training and development needs of
young people, whilst also addressing the issue of cyclical unemployment by creating a generation of
young people who wll become positive role models for future generations.
It operates as a subcontract manufacturing and warehousing resource centre business which allows il lo
offer both training and practical real-life business and work experience for trainees with the possibility of
direct job opportunities both within the organisalion and extemally with local employers.
In 2023, The Ballinger Charitable Trust awarded a multi-year grant that would allow the charty lo increase
its capacity lo support more young people through its structured training and development programmes.
-27-

BALLINGER CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED}
FOR THE YEAR ENDED 31 DECEMBER 2023
18 Analysis of net assets between funds
Unrestrlcted RestrlGted
funds
funds
2023
2023
Total UnreStrl￿ed Restrlcted
funds
funds
2022
2022
Totsl
2023
2022
Fund balances at 31
December 2023 are
represented by..
Tangible assets
Investments
Current assets
873
57,014,228
641,091
873
1,092
57,014,228 53,334,756
680,291
3,501,581
1,092
53,334,756
3,889,259
39,200
387,678
57,656,192
39,200 57,695,392 56,837,429
387,678 57,225,107
-28-

BALLINGER CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED}
FOR THE YEAR ENDED 31 DECEMBER 2023
19 Related party transactions
During the year Mrs D Ballinger a trustee of The Ballinger Charitable Trust donated £Nil12022.' £19,700,000)
lo the trust.
Fees In the sum of £23,000 12022. £24,000) were paid lo Mr J Flynn a trustee of The Ballinger Charitable
Trust.
20 Cash ggngrat9d from opgratlon$
2023
2022
Surplus for the year
470,285
28,427,393
Adjustments for..
Investment income recognised in statement of financial aclivf(ies
Gain on disposal of investments
Fair value gains and losses on investments
Depreciation and impairment of tangible fixed assets
11,264,832)
1649,9441
1611,5341 110,764.8211
12,030,257)
1,351,265
219
273
Movements in working capital..
Decreasellincreasel in debtors
IDecreasellincrease in creditors
501,034
166,5221
179.0351
71,260
Cash (absorbed byllganarated from operations
13,001.6071
18,356,391
21 Analysls of changes In net funds
The charitable company repaid all the incurred debt during the year.
-29-