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← The Ballinger Charitable Trust

2024-12-31-accounts

Charity registration number 1121739

Company registration number 06428200 (England and Wales)

BALLINGER CHARITABLE TRUST

ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

BALLINGER CHARITABLE TRUST

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Mrs D Ballinger
Mrs N Crowther
Mr A 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
Auditors Azets Audit Services
Bede House
3 Belmont Business Park
Durham
DH1 1TW
United Kingdom
Investment advisors Rathbones
Earl Grey House
75-85 Grey Street
Newcastle Upon Tyne
NE1 6EF
England
Bankers Bank of Scotland
75 George Street
Edinburgh
EH2 3EW
Scotland

BALLINGER CHARITABLE TRUST

CONTENTS

Page
Trustees' report 1 - 3
Statement of trustees' responsibilities 4
Independent auditor's report 5 - 7
Statement of financial activities 8
Balance sheet 9 - 10
Statement of cash flows 11
Notes to the financial statements 12 - 29

BALLINGER CHARITABLE TRUST

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 DECEMBER 2024

The Ballinger Charitable Trust (‘the Trust’) is a company limited by guarantee. The Trustees are its directors.

The Trustees present their report and financial statements for the year ended 31 December 2024.

The Trust’s financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with its governing document, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charitable organisations preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)".

Objectives and activities - Grant Making Policies

We grant money to charitable causes according to the priorities we have chosen to support. The money comes from both income generated by the investments held by the Trust, and from expending those investments in part from time to time.

We invite applications for grants via our website ballingercharitabletrust.org.uk. Our typical grant award in 2024 was between £10,000 to £20,000 per annum, for a 2 or 3 year 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 Trustees, Andrew and John, supported by our Trust Co-ordinator, Joanne, visit prospective and current grantees as part of our due diligence and monitoring. We encourage grantees to set the parameters for use of grant, offering 95% of grantees either unrestricted funding or funding for core running costs. For grants over £5,000, we scrutinise due diligence material in quarterly Trustee Meetings attended by all Trustees and our Trust Co-ordinator. For project specific grants we request a brief proposal and budget aligned to the intended project expenditure.

Achievements and performance

In the last year, we continued to focus on supporting children, young people and older people, particularly those with dementia and their carers. We also continued our non-grant making work to:

We continued to make a number of small (“micro”) grants to community groups who deliver very localised support to their communities. We work with local councils, councillors and civil society infrastructure organisations to identify the community groups we support in this way. Those grants are typically £1,000 or less.

We collaborated with Sherburn House Charity (Reg Charity No. 1177535), a care home organisation in County Durham, to distribute £15,000 of their funding in £1,000 micro-grants to 15 charitable organisations supporting older people across the Northeast region.

Through the year we made grants totalling £3,457,328 (2023: £3,471,034) from income of £1,219,056 (2023: £1,504,832) with the remainder from capital.

At any one time, we have a number of multi-year grants for which we set aside designated funds. Information on these grants can be found at note 18 to the accounts. We renewed almost all of those relationships with grantees who were coming to the end of their grant period as well as identifying new grantees through our online application process.

Our grant-making and non-grant-making work has been well supported by our Trust Co-ordinator, Joanne.

Public benefit

The Trust operates for the public benefit. It supports charitable organisations by awarding grants.

We confirm that we have referred to the guidance produced by the Charity Commission on public benefit and are confident that the requirements are satisfied.

BALLINGER CHARITABLE TRUST

TRUSTEES' REPORT (CONTINUED)(INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 DECEMBER 2024

Financial review

Investments between balance sheet dates have increased in value this year from £57,014,228 to £59,029,866 reflecting that our portfolio of investments managed by Rathbones Group plc (“Rathbones”) increased in value.

In 2024, we received donations totalling £15,000 (2023: £240,000).

We expect to meet all designated funding commitments in the coming year and to continue to support those charitable organisations which fulfil our priorities.

Reserves Policy

Free reserves (being the funds available to the Trust) stand at £56,091,896 (2023: £53,392,183), equivalent to the total income funds less restricted funds, designated funds and tangible assets set out in the balance sheet. Those free reserves are used so that all grants can be paid in the normal course of business across the year, whilst covering the annual administrative costs and to ensure that there are funds available to respond to future applications in subsequent years.

Investment Policy

The Trust’s investment portfolio is held by Rathbones. We delegate responsibility for investment decisions to Rathbones on a discretionary basis.

The Trustees agree an Investment Policy Statement with Rathbones that describes how Rathbones will manage the portfolio. This statement is reviewed annually by the Trustees with Rathbones, and includes an appropriate risk profile for the investments managed on our behalf. Rathbones benchmark investment portfolio performance.

At year end the portfolio had increased in value.

Risk Management

We assess the Trust’s major risks and are satisfied that systems are in place to mitigate exposure.

The two major risks are:

Plans for the Future

We will continue to provide grants to charitable organisations that meet the priorities we have chosen to support.

In 2022, the Trustees decided to spend down the Trust’s total assets over a 20-year timeline, commencing in 2023. The implementation of this decision will be kept under annual review by the Trustees and in consultation with Rathbones.

The Trust is planning an incremental increase to the annual total grant-making in 2025, to a total of around £4,000,000.

Fundraising

We don’t carry out any fundraising, nor do we use professional fundraisers or subscribe to any scheme of fundraising regulation.

Going Concern

There are no uncertainties at the year-end regarding going concern.

BALLINGER CHARITABLE TRUST TRUSTEES. REPORT (CONTINUED){INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 DECEMBER 2024 Structure, governance and management In 1994, Martin Ballinger set up an unincorporated charitable f￿￿￿atIOn, The Ballinger Charitable Trust, using part of his shares and dividend income from Go-Ahead Group plc, which he had ccFfounded in 1987 as Go Ahead Northem Limited, following the privatisats'on of the Northem Bus Company. The principal aims of the new foundation were to benefit the young and the old in the Northeast of England, the home territory of both Martin and Go Ahead Northem Limited. Martin's bequest of Go Ahead Group plc shares in 2007 increased the capital of the foundation and has enabled us to make £30,105,498 of grarrts since that date. That same year the foundation changed its constitution to become a company limited by guarantee and its Trustees became Directors of the company, govemed by Company L￿. The Trust, being a company limited by guarantee, is govemed by a memorandum and artides of association which govem eligibility for membership of the charity and membership of the Board of Trusteès. There are no restrictions in the goveming document on the operation of the charity or on its investsment pow￿r$ other than those imposed by general charity law. None of the Trustees has any benefioal interest in the company. All Trustees are members of the company and guarantee to contribute £1 in the event of a winding up. Key management personnel The Trustees ar8 responsible for the day to day management and control of the Twst and the overall direction of its work. Those who s8Ned during the year were.. Mrs D Ballinger Mrs N CrovAh8r Mr A Ballinger Mr J Flynn The directors are still referred to in their day to day work as trustses. No trustee recruitment is currently taking pla￿ and we are not expecting to appoint new trustees. Auditor In accordance with the companws artides, a resolution proposing that Azets Audit ServI￿s be reappointed as auditor of the company will be put at a General Meeting. The report of the directors has been prepared taking advantsge of the small companies exempt'on of section 415A of the Companies Act 201%. Disclosure of inforniation to auditor Each of the trustees has confimied that there is no infonnation of whith they are aware vh)ich is relevant to the audit, but of which the auditor is unaware. They have further confimed that they have taken appropriate steps to identify such relevant information and to establish that the auditor is &vare of such infomiation. The trusteès. report was approved by the Board of Trustees. Mrys D Ballinger Trustee ag

BALLINGER CHARITABLE TRUST

STATEMENT OF TRUSTEES' RESPONSIBILITIES

FOR THE YEAR ENDED 31 DECEMBER 2024

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 Practice).

Company Law requires the trustees to prepare accounts for each financial year which give a true and fair view of the state 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:

The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to 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 taking 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 governing the preparation and dissemination of financial statements may differ 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 statements of Ballinger Charitable Trust (the ‘charitable company’) for the year ended 31 December 2024 which comprise the statement of financial activities, the balance sheet, the statement of cash flows and notes to the financial statements, including significant accounting 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 in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance 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 with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' 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 responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion:

BALLINGER CHARITABLE TRUST

INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF BALLINGER CHARITABLE TRUST

Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities, the trustees, who are also the directors of the charitable company for the purpose of company law, are responsible for the preparation of the accounts and for being satisfied that they give a true and fair view, and for such internal control 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 trustees are responsible for assessing the charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to 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 (UK) 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 to influence the economic decisions of users taken on the basis of these financial statements.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https:// www.frc.org.uk/auditorsresponsibilities. 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

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above and on the Financial Reporting Council’s website, to detect material misstatements in respect of irregularities, including fraud.

We obtain and update our understanding of the entity, its activities, its 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 to applicable laws and regulations, including fraud.

In response to the risk of irregularities and non-compliance with laws and regulations, including fraud, we designed procedures which included:

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

This report is made solely to the company’s members, as a body, in accordance with section 391 of the Companies Act 2014. Our audit work has been undertaken so that we might state to the company’s members those matters we are required to 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.

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.
:		 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 Audit Services		 .........................
29/08/2025
Chartered Accountants
Statutory Auditor Bede House
Belmont Business Park
DURHAM
United Kingdom
DH1 1TW

Azets Audit Services is eligible for appointment as auditor of the charitable company by virtue of its 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 2024

Unrestricted
funds
2024
Notes
£
Income from:
Donations and
legacies
2
-
Investments
3
1,203,235
Total income
1,203,235
Expenditure on:
Raising funds
4
210,872
Charitable activities
5
3,465,633
Total expenditure
3,676,505
Net gains/(losses) on
investments
11
4,117,001
Net incoming/(outgoing)
resources before
transfers
1,643,731
Gross transfers
between funds
(44,050)
Net movement in funds
1,599,681
Fund balances at 1 January
2024
57,656,192
Fund balances at 31
December 2024
59,255,873		 Restricted
funds
2024
£
15,000
821
15,821
-
58,873
58,873
-
(43,052)
44,050
998
39,200
40,198		 Total
Unrestricted
funds
2024
2023
£
£
15,000
-
1,204,056
1,263,541
1,219,056
1,263,541
210,872
126,293
3,524,506
2,960,277
3,735,378
3,086,570
4,117,001
2,641,791
1,600,679
818,762
-
-
1,600,679
818,762
57,695,392
56,837,430
59,296,071
57,656,192		 Restricted
funds
2023
£
240,000
1,291
241,291
-
589,769
589,769
-
(348,478)
-
(348,478)
387,678
39,200		 Total
2023
£
240,000
1,264,832
1,504,832
126,293
3,550,046
3,676,339
2,641,791
470,284
-
470,284
57,225,108
57,695,392

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

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 2024

Notes
Fixed assets
Tangible assets
13
Investments
14
Current assets
Debtors
15
Cash at bank and in hand
Creditors: amounts falling due within
one year
16
Net current assets
Total assets less current liabilities
Income funds
Restricted funds
17
Unrestricted funds
Designated funds
18
General unrestricted funds		 2024
£
£
699
59,029,866
59,030,565
-
287,839
287,839
(22,333)
265,506
59,296,071
40,198
3,163,278
56,092,595
59,255,873
59,296,071		 2023
£
£
873
57,014,228
57,015,101
14,949
684,223
699,172
(18,881)
680,291
57,695,392
39,200
4,223,936
53,432,256
57,656,192
57,695,392		 2023
£
£
873
57,014,228
57,015,101
14,949
684,223
699,172
(18,881)
680,291
57,695,392
39,200
4,223,936
53,432,256
57,656,192
57,695,392
57,015,101
680,291
57,695,392
39,200
57,656,192
57,695,392

BALLINGER CHARITABLE TRUST BALANCE SHEET (CONTINUED) AS AT 31 DECEMBER 2024 The company is entitled to the exemption from the audit requirement contained in sedion 477 of the Companies Act 20C6, for the year ended 31 Decembèr 2024, although an audit has been Ca￿led out under section 144 of the Charities Act 2011. The trustees a￿ responsible for ensuring that the Charity keeps accounting records vthich comply Y￿th section 386 of the Act and for preparing accounts whith give a true and fair view of the state of affairs of the company as at the end of the financial year They are also responsible for its incoming resoU￿S and application of resources, induding its income and expenditure for the finanaal year in accordan￿ with the requirements of sections 394 and 395, and for compliance with the requirements of the Companies Act 2tTh relab'ng to accounts, so far as applicable. The members have not required the company to obtain an audit of its financial statements under the requirements of the Companies Act 20¢%, for the year in question in accordance with section 476. These financial statements have been prepared in accordance with the provisions applicable to companies subject to the Small companies regime. The financial stateme ere approved by the Tntstees on . Mr A Ballinger Trustee Company registration number 06428200 10-

BALLINGER CHARITABLE TRUST

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2024

Notes
Cash flows from operating activities
Cash absorbed by operations
21
Investing activities
Purchase of investments
Proceeds from disposal of investments
Investment income received
Net cash generated from investing
activities
Net cash used in financing activities
Net decrease in cash and cash equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year		 2024
2023
£
£
£
£
(3,701,803)
(3,001,607)
(8,889,297)
(72,334,375)
10,990,660
71,296,694
1,204,056
1,264,832
3,305,419
227,151
-
-
(396,384)
(2,774,456)
684,223
3,458,679
287,839
684,223

BALLINGER CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

1 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” (“FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The charitable company is a Public Benefit Entity as defined by FRS 102.

The financial statements are prepared in sterling, which is the functional currency of the charitable company. Monetary amounts in these financial statements are rounded to the nearest £.

Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charitable 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 statements.

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 to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Designated funds comprise funds which have been set 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 entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it 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 Gift Aid 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 distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

BALLINGER CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

1 Accounting policies

(Continued)

1.5 Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that settlement will be required and the amount of the obligation can be measured reliably.

Grants payable are payments 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 to the recipient fulfilling performance conditions are only accrued when the recipient has been notified of the grant and any remaining unfulfilled conditions attaching to that grant are outside of the control of the Trust.

A provision for a multi-year grant is recognised at its 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 payment(s), settlement is probable, and the effect of discounting is material. The discount rate used is the rate offered on government bonds (gilts) for a commensurate or similar time period offered in the year in which the grant award is made.

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to 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 statement of financial activities.

1.7 Fixed asset investments

Fixed asset investments are stated at market value as at the balance sheet date. The statement of financial activities includes the net gains and losses arising on revaluation and disposals throughout the year. Disposals of investments are treated on a FIFO basis.

Dividends are included in the income and expenditure account when they are declared. Bank interest is included in the income and expenditure account 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 at 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 resulting 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 for any trade discounts due.

BALLINGER CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

2 Donations and legacies

Restricted Restricted
funds funds
2024 2023
£ £
Donations and gifts 15,000 240,000

3 Investments

Unrestricted
Restricted
funds
funds
2024
2024
£
£
Income from listed
investments
1,199,759
-
Interest receivable
3,476
821
1,203,235
821
Raising funds
Investment management		 Total
Unrestricted
funds
2024
2023
£
£
1,199,759
1,182,112
4,297
81,429
1,204,056
1,263,541		 Restricted
funds
2023
£
-
1,291
1,291
2024
£
210,872
210,872		 Total
2023
£
1,182,112
82,720
1,264,832
2023
£
126,293
126,293

4 Raising funds

BALLINGER CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

5 Charitable activities

Charitable costs
Grants made to institutions - Note 7
Share of support costs (see note 6)
Share of governance costs (see note 6)
Analysis by fund
Unrestricted funds
Restricted funds
For the year ended 31 December 2023
Unrestricted funds
Restricted funds		 Total
2023
£
19,000
3,457,328
31,793
16,385
3,524,506
3,465,633
58,873
3,524,506		 Total
2022
£
23,000
3,471,034
44,012
12,000
3,550,046
2,960,277
589,769
3,550,046

6 Support costs

Staff costs
Depreciation
Website
Postage
Event organisation
Travel
Sundries
Bank charges
Phone
Audit fees
Analysed between
Charitable activities		 Support
costs
Governance
costs
£
£
22,755
-
174
-
1,104
-
425
-
5,500
-
17
-
1,112
-
110
-
596
-
-
16,385
31,793
16,385
31,793
16,385		 2024
£
22,755
174
1,104
425
5,500
17
1,112
110
596
16,385
48,178
48,178		 Support
costs
Governance
costs
£
£
21,767
-
219
-
5,219
-
396
-
14,380
-
79
-
1,261
-
130
-
561
-
-
12,000
44,012
12,000
44,012
12,000		 2023
£
21,767
219
5,219
396
14,380
79
1,261
130
561
12,000
56,012
56,012

Governance costs includes payments to the auditors of £16,385 (2023 - £12,000) for audit fees.

BALLINGER CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

7 Grants payable

Grants were made during the year to institutions, of which the following exceeded £20,000 per annum:

2024 2023
£ £
700 Club 20,000 20,000
A Way Out 20,000 20,000
Activity Den - 20,000
Age Concern Co Durham 20,000 -
Age Concern South Tyneside - 20,000
Age UK Gateshead 20,000 20,000
Age UK North Tyneside 20,000 20,000
AIM North East 20,000 20,000
Allendale Youth Ambition - 22,500
Ashington Veterans & Elders Institute 21,000 -
Bell View Belford 20,000 -
Bensham Grove Community Centre 43,873 -
Berwick Youth Project 20,000 20,000
Big League CIC 20,000 -
Blyth Tall Ship 20,000 20,000
Brandon Carrside Youth & Community - 25,000
Breckon Hill Community Enterprise 20,000 20,000
Bright Futures NE 20,000 20,000
Bullion Community Resource Centre 20,000 20,000
Carers' Trust 20,000 20,000
Changing Futures North East 20,000 20,000
Cheesy Waffles Project - 20,000
Chopwell Community Association 20,000 22,750
Chopwell Regeneration CIO 30,000 -
Churches Together South Tyneside - 22,000
Coatham House 20,000 20,000
Community Campus 25,000 25,000
Coping with Cancer NE - 20,000
Corner House Youth Project 25,000 25,000
Cowpen Quay Community Association 20,000 20,000
Cramlington Voluntary Youth Project 25,000 25,000
Creative Youth Opportunities CIC - 25,000
D2 Youth Zone 20,000 20,000
Denton Youth & Community Project 20,000 20,000
Derwentside Detached Youth 30,000 33,000
Dry Water Arts CIC - 20,000
Durham Area Youth 20,000 30,000
Durham Community Action - 20,062
Durham County Carers Support 20,000 -
Easington Lane Community Access Point 21,000 20,000
East Cleveland Youth Housing Trust 20,000 20,000
East Durham Employability Trust 50,000 20,000
Eastern Ravens Trust 20,000 20,000
Edberts House 20,000 20,000
Epic Teesside CIC 20,000 20,000

BALLINGER CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

7 Grants payable (Continued)
Family Gateway 20,000 20,000
First Stop Darlington 20,000 20,000
Fishburn Youth & Community Centre 20,000 30,000
Footprints in the Community 20,000 20,000
Gateshead 50+ 20,000 20,000
Groundworks 20,000 -
Halo Project 20,000 20,000
Hartlepool Carers - 20,000
Heart Wood - 25,000
Integrating Children - 25,000
Key Community Ltd 20,000 20,000
Key Fund Federation 20,000 20,000
Kids Kabin 20,000 25,219
Kidz Konnekt 20,000 20,000
Kilmarnock Road Children & Young People Family
Resource Centre 20,000 20,000
Kinship 21,000 20,000
Linx Youth Project 25,000 25,000
Mind Active 21,000 20,000
Newcastle Carers 20,000 20,000
Newton Aycliffe Youth & Community - 25,000
North East Dementia Care 20,000 20,000
North East Young Dads and Lads 20,000 20,000
North Tyne Youth 20,000 -
North Tyneside Carers' Centre 20,000 20,000
North Tyneside Disability Forum 20,000 20,000
Northumbria Coalition Against Crime 20,000 20,000
Pallion Action Group 20,000 20,000
Patchwork Project 20,000 20,000
Pathways 4 All 20,000 20,000
Pelton Community Association - 22,000
Projects 4 Change 20,000 20,000
Redcar & Cleveland Mind - 20,000
Redcar Development Trust 20,000 20,000
Royal Voluntary Service 25,000 -
Sacriston Youth Project 20,000 30,000
Seahouses Development Trust 20,000 20,000
Search 20,000 34,000
Shotton Partnership - 27,940
Silverline Memories 20,000 20,000
Smile for Life 20,000 20,000
St Chad's Community Project 20,000 20,000
St Paul's Community Partnership 20,000 20,000
STAMP Revisited 20,000 20,000
Stanley Area Youth Consortium - 30,000
Streetwise Young People's Project 25,000 25,000
Sunderland All Together Consortium 180,000 180,000
Sunderland Bangladesh International Centre 20,000 20,000
Teams Life Centre 27,000 -

BALLINGER CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

7
Grants payable
Tees Esk & Wear Valley NHS Foundation Trust
Tees Valley Women's Centre
Teesside Mind
The Meadows
UTASS
Wansbeck CVS
Wearside Women in Need
Wheatley Hill Community Association
Women's Health in South Tyneside
Woodhouse Close Church & Community Centre
Woodshed Workshop CIC
YMCA Northumberland
Young Asian Voices
Young Women's Outreach Project
Total Grants made to institutions of less than
£20,000 per annum
8
Auditor's remuneration
Fees payable to the charitable company's auditor and associates:
Audit of the charitable company's annual accounts		 (Continued)
20,000
20,000
20,000
20,000
20,000
-
20,000
20,000
20,000
20,000
-
35,456
20,000
-
20,000
30,000
20,000
20,000
21,000
20,000
20,000
45,000
20,000
20,000
20,000
-
20,000
20,000
1,406,507
1,261,107
3,442,380
3,471,034
2024
2023
£
£
16,385
12,000		 (Continued)
20,000
20,000
20,000
20,000
20,000
-
20,000
20,000
20,000
20,000
-
35,456
20,000
-
20,000
30,000
20,000
20,000
21,000
20,000
20,000
45,000
20,000
20,000
20,000
-
20,000
20,000
1,406,507
1,261,107
3,442,380
3,471,034
2024
2023
£
£
16,385
12,000
3,471,034
2023
£
12,000

9 Trustees

John Flynn received £20,000 (2023: £23,000) from the charity in lieu of lost income for his time spent on work for the charity during the year, and was also reimbursed £17 for travel expenses incurred (2023 - £79). The trustees believe this sum is a worthwhile cost due to the value of expertise Mr Flynn provides to the charity.

10 Employees

The average monthly number of employees during the year was:

2024 2023
Number Number
1 1

BALLINGER CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

10
Employees
Employment costs
Wages and salaries
Other pension costs		 (Continued)
2024
2023
£
£
22,283
21,302
472
465
22,755
21,767		 (Continued)
2024
2023
£
£
22,283
21,302
472
465
22,755
21,767
21,767

There were no employees whose annual remuneration was more than £60,000.

11 Net gains/(losses) on investments

**Unrestricted ** Unrestricted
funds funds
2024 2023
£ £
Revaluation of investments 3,775,865 2,030,257
Gain/(loss) on sale of investments 341,136 611,534
4,117,001 2,641,791

12 Taxation

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxationof Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.

BALLINGER CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

13 Tangible fixed assets
Fixtures, fittings & equipment
£
Cost
At 1 January 2024 2,886
At 31 December 2024 2,886
Depreciation and impairment
At 1 January 2024 2,013
Depreciation charged in the year 174
At 31 December 2024 2,187
Carrying amount
At 31 December 2024 699
At 31 December 2023 873

BALLINGER CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

14 Fixed asset investments

Listed
investments
£
Cost or valuation
At 1 January 2024 57,014,228
Additions 8,889,297
Valuation changes 3,775,865
Disposals (10,649,524)
At 31 December 2024 59,029,866
Carrying amount
At 31 December 2024 59,029,866
At 31 December 2023 57,014,228

Fixed asset investments revalued

Listed investments are included at their market value as at the balance sheet date using the closing quoted market price. The historic cost of the investments at the balance sheet date was £52,500,375 (2023: £54,321,605). No individual holdings are greater than 5% of the total portfolio.

15 Debtors

Amounts falling due within one year:
Other debtors
16
Creditors: amounts falling due within one year
Accruals and deferred income		 2024
£
-
2024
£
22,333		 2023
£
14,949
2023
£
18,881

BALLINGER CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

17 Restricted funds

The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:

Movement in funds prior
year
Balance at
1 January 2023
Income
Expenses
Balance at
1 January 2024
£
£
£
£
Participatory Grant making with Lankelly Chase
100,423
828
(18,000)
83,251
The National Lottery Community Fund – RC North
East and Cumbria Region
287,255
240,463
(571,769)
(44,051)
Sherburn House Charity
-
-
-
-
387,678
241,291
(589,769)
39,200		 Movement in funds
Income
Expenses
£
£
820
(43,873)
-
-
15,000
(15,000)
15,820
(58,873)		 Transfers
Balance at
31 December 2024
£
£
-
40,198
44,051
-
-
-
44,051
40,198		 Transfers
Balance at
31 December 2024
£
£
-
40,198
44,051
-
-
-
44,051
40,198
40,198

BALLINGER CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

18 Designated funds

The income funds of the charity include the following designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes:

Movement in funds
Balance at 1 Transfers Resources Balance at 31
January expended December 2024
2024
£ £ £ £
700 Club 20,000 (20,000) -
A Way out 40,000 (20,000) 20,000
A1 Steam Locomotive Trust - 1,000 (1,000) -
Acorns Project 30,000 (15,000) 15,000
Action on Dementia 15,000 (15,000) -
Action Station South Tyneside - 1,000 1,000
Active Families NE CIC - 25,000 (12,500) 12,500
The Activity Den 20,000 (10,000) 10,000
Advice at Hart CIC 15,000 (15,000) -
Age Concern County Durham - 60,000 (20,000) 40,000
Age Concern South Tyneside 40,000 (21,000) (19,000) -
Age UK Gateshead 40,000 (20,000) 20,000
Age UK North Tyneside 40,000 (20,000) 20,000
Age UK Sunderland - 60,000 60,000
AIM North East 40,000 (20,000) 20,000
Allendale Youth Ambition 25,000 (12,500) 12,500
Apna Ghar 20,000 (10,000) 10,000
Ashington Veterens & Elders Institute - 20,000 (20,000) -
Aspire Learning Support & Wellbeing - 15,000 (15,000) -
Bell View - 60,000 (20,000) 40,000
Berwick Youth Project 40,000 (20,000) 20,000
Big League CIC - 20,000 (20,000) -
Bilton Hall Community Trust 10,000 2,500 (12,500) -
Birtley Community Association 10,000 10,000
Bishop Auckland Community Partnership - 19,500 (12,000) 7,500
Blaydon Youth and Community Centre CIO - 30,000 (15,000) 15,000
Blyth Tall Ship 40,000 (20,000) 20,000
Boltons Bungalows Residents Association - 1,000 (1,000) -
Bowburn Youth Project - 20,000 (10,000) 10,000
Brandon Carrside Youth & Community 15,000 (15,000) -
Breathe Easy Darlington - 10,000 (5,000) 5,000
Breckon Hill Community Enterprise 40,000 (20,000) 20,000
Bridge Creative CIC - 10,000 (10,000) -
Bright Futures NE 40,000 (20,000) 20,000
Bullion Community Resource Centre 20,000 (20,000) -
Carers' Trust 40,000 (20,000) 20,000
Changing Futures NE 20,000 (20,000) -
Cheesy Waffles Project 20,000 (10,000) 10,000
Chopwell Community Association (Youth Club) 40,000 (20,000) 20,000
Chopwell Regeneration Group 15,000 45,000 (30,000) 30,000

BALLINGER CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

**18 ** Designated funds (Continued)
Chrysalis Tynedale 10,000 (10,000) -
Churches Together South Tyneside 30,000 (15,000) 15,000
Cleveland Alzheimers Residential Centre - 30,000 30,000
Close knit Families - 1,000 (1,000) -
Coatham House 20,000 (20,000) -
Community @ NE66 - 30,000 (15,000) 15,000
Community Campus 87 50,000 (25,000) 25,000
Community Counselling Cooperative - 10,000 (10,000) -
Community Stepping Stones CIC 10,000 (10,000) -
Coping with Cancer NE 20,000 (20,000) -
Corner House Youth Project 50,000 (25,000) 25,000
Cornerstone - 14,000 (7,000) 7,000
Cornforth Partnership - 30,000 (15,000) 15,000
Cowpen Quay Community Association 40,000 (20,000) 20,000
Cramlington Voluntary Youth Project 50,000 (25,000) 25,000
Creative Youth Opportunities CIC 15,000 (15,000) -
D2 Youth Zone 40,000 (20,000) 20,000
Darlington Association on Disability 15,000 (15,000) -
Darlington CAP 15,000 (15,000) -
Denton Youth & Community Project 20,000 (20,000) -
Derwentside Detached Youth 15,000 30,000 (30,000) 15,000
Dry Water Arts CIC 40,000 40,000
Durham Area Youth 40,000 (20,000) 20,000
Durham City Youth Projects - 45,000 (15,000) 30,000
Durham Community Action - 9,800 (9,800) -
Durham County Carers Support - 60,000 (20,000) 40,000
Durham Deafened Support - 30,000 (15,000) 15,000
Easington Lane Community Access Point 40,000 (20,000) 20,000
East Cleveland Youth Housing Trust 20,000 (20,000) -
East Durham Employability Trust 115,000 (50,000) 65,000
East Durham Veterans Trust 10,000 (10,000) -
Eastern Ravens Trust 20,000 (20,000) -
Eastlea Community Centre 10,000 10,000
Edbert's House 40,000 (20,000) 20,000
Epic Teesside CIC 40,000 (20,000) 20,000
Escape Intervention Services - 20,000 (10,000) 10,000
Family Fitness & Food CIC - 1,000 (1,000) -
Family Gateway 20,000 (20,000) -
Fighting All Cancers Together - 34,000 (17,000) 17,000
First Stop Darlington 40,000 (20,000) 20,000
Fishburn Youth & Community Centre 20,000 (20,000) -
Five Lamps Organisation - 30,000 30,000
Food Nation CIC - 10,000 (5,000) 5,000
Footprints in the Community - 40,000 (20,000) 20,000
Ford Parish Council - 210 (210) -
Friends Action North East - 30,000 (15,000) 15,000
Friends of Jesmond Library - 4,500 (4,500) -
Future Regeneration of Grangetown - 20,000 (10,000) 10,000
Gateshead 50+ 40,000 (20,000) 20,000
Gateshead FC Community Foundation - 10,032 (5,032) 5,000
Going for Independence - 14,000 (7,000) 7,000

BALLINGER CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2024

**18 ** Designated funds (Continued)
The Grenfell Club - 30,000 (15,000) 15,000
Groudwork South Tyneside - 60,000 (20,000) 40,000
Halo Project 20,000 (20,000) -
Happy Faces Prudhoe - 1,000 (1,000) -
Hardwick in Partnership - 30,000 (15,000) 15,000
Hart Gables - 30,000 (15,000) 15,000
Hartlepool Carers 40,000 40,000
Hartlepool Vision Support - 30,000 30,000
Hartlepower 20,000 11,977 (11,977) 20,000
Hazelwell Centre - 35,356 (17,678) 17,678
Heart Wood 30,000 (15,000) 15,000
Heel & Toe Childrens Charity - 36,000 (18,000) 18,000
Hetton New Dawn 15,000 (15,000) -
Hexham Youth Initiative - 45,000 (15,000) 30,000
Hospice Care North Northumberland - 60,000 60,000
Hope Church East Cleveland 20,000 (10,000) 10,000
HOPS Healing Opportunities 15,000 (15,000) -
Houghton le Spring Residents Association - 1,000 (1,000) -
Houghton Racecourse Community Association - 1,000 (1,000) -
Impact Family Services 30,000 (15,000) 15,000
Integrating Children 30,000 (15,000) 15,000
Jewish Community Council of Gateshead - 20,000 20,000
Jubilee Fields Community Association - 20,000 20,000
KAYAKS - 8,990 (8,990) -
Key Community Ltd 40,000 (20,000) 20,000
Key Fund Federation 20,000 (20,000) -
Kids Kabin 20,000 (20,000) -
Kidz Konnekt 40,000 (20,000) 20,000
Kilmarnock Road Children & Young People Family
Resource Centre 40,000 (20,000) 20,000
Kinship (previously called Grandparents Plus) - 61,000 (21,000) 40,000
Laurel Avenue Community Association - 20,000 (10,000) 10,000
Lilyannes Wellbeing 15,000 (15,000) -
Linskill Centre 17,000 (17,000) -
Linx Youth Project 50,000 (25,000) 25,000
Little Treasures 10,000 (10,000) -
Longbenton Youth Project 16,480 (16,480) -
Longhoughton Community & Sports Centre Trust - 1,020 (1,020) -
Love Dunston - 30,000 30,000
Lowick Heritage Group - 240 (240) -
Macrae House Community Centre 5,000 (5,000) -
Marie Curie Wellbeing Centre - 20,000 20,000
The Meadows 40,000 (20,000) 20,000
Mind Active 40,000 (20,000) 20,000
Mind and Sole 15,000 (15,000) -
More than Grandparents - 20,000 (10,000) 10,000
My Sister's Place - 60,000 60,000
Natural Ability 15,000 (15,000) -
NE Youth 40,000 (20,000) 20,000
New Hope North East 15,000 (15,000) -
Newcastle Carers 20,000 (20,000) -

BALLINGER CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

**18 ** Designated funds (Continued)
Newsham & New Delaval Youth Forum - 20,000 (10,000) 10,000
Newton Aycliffe Youth & Community 15,000 (15,000) -
Nite Light CIC 15,000 (15,000) -
North East Autism Society - 10,000 (10,000) -
North East Dementia Care 20,000 (20,000) -
North East Young Dads & Lads 40,000 (20,000) 20,000
North Tyne Youth - 63,600 (23,600) 40,000
North Tyneside Carers' Centre 40,000 (20,000) 20,000
North Tyneside Disability Forum 40,000 (20,000) 20,000
Northbourne Street Youth Initiative 24,000 (12,000) 12,000
Northumberland Community Enterprise 12,500 (12,500) -
Northumberland Domestic Abuse Service - 45,000 (15,000) 30,000
Out of Sight 25,000 (12,500) 12,500
Pallion Action Group 20,000 (20,000) -
Patchwork Project 40,000 (20,000) 20,000
Pathways 4 All 40,000 (20,000) 20,000
Pelton Community Association - 45,000 (15,000) 30,000
Pelton Fell Community Partnership - 30,000 (15,000) 15,000
People & Drugs 30,000 (15,000) 15,000
Phoenix Detached Youth Project 15,000 (15,000) -
Projects 4 Change 40,000 (20,000) 20,000
Prudhoe Youth Project - 30,000 (15,000) 15,000
Rape & Sexual Abuse Counselling Centre - 20,000 20,000
Rape Crisis Tyneside & Northumberland 30,000 (15,000) 15,000
Redcar & Cleveland Borough Council - 10,300 (10,300) -
Teesside Mind 20,000 (20,000) -
Redcar Development Trust 40,000 (20,000) 20,000
Rotary Club of Consett - 1,000 (1,000) -
Royal Voluntary Service 50,000 (25,000) 25,000
Rubies 15,000 (15,000) -
Sacriston Youth Project 40,000 (20,000) 20,000
Seaham Youth and Community - 20,000 (10,000) 10,000
Seahouses Development Trust 40,000 (20,000) 20,000
Search 41,000 35,000 (37,500) 38,500
Sense Ability Matters Ltd - 30,000 30,000
Senses Wellbeing Centre - 10,000 (5,000) 5,000
Shiney Advice & Resource Project 15,000 (15,000) -
Shiremoor Adventure Playground Trust - 32,000 (16,000) 16,000
Shotton Partnership 37,600 (18,500) 19,100
Silverline Memories 20,000 (20,000) -
Smile for Life 40,000 (20,000) 20,000
SNAPS 10,000 (10,000) -
South Hylton Tansy Centre 10,000 (10,000) -
South Stanley Partnership 10,000 (10,000) -
Springwell Community Hub 10,000 (10,000) -
Springwell Village Community Venue 10,000 (10,000) -
St Ann's Partnership 12,000 (12,000) -
St Anthony's Youth Education & Support 35,000 35,000
St Chad's Community Project 40,000 (20,000) 20,000
St Martin's Centre Partnership - 30,000 (15,000) 15,000
St Paul's Community Partnership 40,000 (20,000) 20,000

BALLINGER CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

18 Designated funds
STAMP Revisited
Stockton Men's Shed
Streetwise Young People's Project
Sunderland All Together Consortium
Sunderland Bangladesh International Centre
Sunderland Samaritans
Tanga Club
Teams Life Centre (Dunston Family Church)
TEES Community Hub CIO
Tees Esk & Wear Valley NHS Foundation
Tees Valley Women's Centre
Teesdale Community Resources (Making
Memories)
Teesdale Day Clubs
Teesside Dementia Link Services
Timbadash CIC
Upper Coquetdale Community Transport
Upper Teesdale Agricultural Support Service
Useful Vision
Veterans in Crisis
Wag and Co North East Friendship
Wansbeck CVS
Weardale Together CIC
Wearside Women in Need
Weights and Cakes CIC
West View Project
The Wharton Trust
Wheatley 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 North Tyneside
YMCA Northumberland
YMCA Tees Valley
Young Asians Voices
Young Women's Outreach Project
Youth Focus North East		 -
-
50,000
360,000
40,000
5,000
-
12,000
17,500
20,000
40,000
-
15,000
15,000
5,000
45,000
40,000
15,000
15,000
-
-
10,000
-
-
15,000
-
-
15,000
-
40,000
40,000
20,000
10,000
5,000
-
40,000
13,856
-
40,000
30,000
4,223,936		 (Continued)
60,000
(20,000)
40,000
1,000
(1,000)
-
(25,000)
25,000
(180,000)
180,000
(20,000)
20,000
(5,000)
-
15,000
(7,500)
7,500
45,000
(27,000)
30,000
(17,500)
-
(20,000)
-
(20,000)
20,000
6,000
(6,000)
-
(15,000)
-
(15,000)
-
(5,000)
-
45,000
(20,000)
20,000
(15,000)
-
(15,000)
-
25,000
(12,500)
12,500
15,304
(15,304)
-
(10,000)
-
60,000
(20,000)
40,000
10,000
10,000
(15,000)
-
45,000
(15,000)
30,000
60,000
(20,000)
40,000
(15,000)
-
20,000
(10,000)
10,000
(20,000)
20,000
(20,000)
20,000
(20,000)
-
(10,000)
-
(5,000)
-
14,948
(14,948)
-
(20,000)
20,000
(13,856)
-
60,000
(20,000)
40,000
(20,000)
20,000
(15,000)
15,000
2,337,797
(3,398,455)
3,163,278		 (Continued)
60,000
(20,000)
40,000
1,000
(1,000)
-
(25,000)
25,000
(180,000)
180,000
(20,000)
20,000
(5,000)
-
15,000
(7,500)
7,500
45,000
(27,000)
30,000
(17,500)
-
(20,000)
-
(20,000)
20,000
6,000
(6,000)
-
(15,000)
-
(15,000)
-
(5,000)
-
45,000
(20,000)
20,000
(15,000)
-
(15,000)
-
25,000
(12,500)
12,500
15,304
(15,304)
-
(10,000)
-
60,000
(20,000)
40,000
10,000
10,000
(15,000)
-
45,000
(15,000)
30,000
60,000
(20,000)
40,000
(15,000)
-
20,000
(10,000)
10,000
(20,000)
20,000
(20,000)
20,000
(20,000)
-
(10,000)
-
(5,000)
-
14,948
(14,948)
-
(20,000)
20,000
(13,856)
-
60,000
(20,000)
40,000
(20,000)
20,000
(15,000)
15,000
2,337,797
(3,398,455)
3,163,278
3,163,278

BALLINGER CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

18 Designated funds

(Continued)

General

Our Designated funds decreased in 2024 to £3,163,278 (2023: £4,223,936).

This decrease is because a significant number of multi-year grants were awarded in 2023. Of those, a number of two-year grants awarded in 2023 were transferred in full by year end 2024, and a number of three-year grants awarded in 2023 have only the final third year grant designated to be transferred in 2025.

Sunderland All Together Consortium CIO (SATC)

In 2015, local youth work organisations in Sunderland came together to develop a collective approach on how to overcome various challenges and best support the children and young people of Sunderland. The member organisations developed their consortium into a charitable incorporated organisation that’s now equipped and prepared to build a sustainable future for youth work services. The Sunderland All Together Consortium (SATC) formally registered as a charitable incorporated organisation in February 2019.

The 7 current member organisations are Bluewatch Youth Centre, Lambton Street Youth Centre, Oxclose & District Young Peoples Project, Community Opportunities, Southwick Neighbour-hood Youth Project, The Box Youth Project and Youth Almighty Youth Project.

The Ballinger Charitable Trust awarded a new 3 year grant of £180,000 per annum 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 Sunderland.

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 will become positive role models for future generations.

It operates as a subcontract manufacturing and warehousing resource centre business which allows it to offer both training and practical real-life business and work experience for trainees with the possibility of direct job opportunities both within the organisation and externally with local employers.

In 2023, The Ballinger Charitable Trust awarded a multi-year grant that would allow the charity to increase its capacity to support more young people through its structured training and development programmes.

19 Analysis of net assets between funds

Unrestricted
funds
2024
£
Fund balances at 31
December 2024 are
represented by:
Tangible assets
699
Investments
59,029,866
Current assets
225,307
59,255,872		 Restricted
funds
2024
£
-
-
40,199
40,199		 Total Unrestricted
funds
2024
2023
£
£
699
873
59,029,866
57,014,228
265,506
641,091
59,296,071
57,656,192		 Restricted
funds
2023
£
-
-
39,200
39,200		 Total
2023
£
873
57,014,228
680,291
57,695,392

BALLINGER CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

20 Related party transactions

Fees in the sum of £19,000 (2023: £23,000) were paid to Mr J Flynn a trustee of The Ballinger Charitable Trust.

21 Cash generated from operations 2024 2023
£ £
Surplus for the year 1,600,679 470,285
Adjustments for:
Investment income recognised in statement of financial activities (1,204,056) (1,264,832)
Gain on disposal of investments (341,136) (611,534)
Fair value gains and losses on investments (3,775,865) (2,030,257)
Depreciation and impairment of tangible fixed assets 174 219
Movements in working capital:
Decrease in debtors 14,949 501,034
Increase/(decrease) in creditors 3,452 (66,522)
Cash absorbed by operations (3,701,803) (3,001,607)

The charitable company had no debt during the year.

22 Analysis of changes in net funds

The charitable company had no debt during the year.