2021-03-31-accounts - Actes Trust

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CONTENTS		PAGE
The Trustees' report
Independent auditor's	report to the members	20
Statement of Financial	Activities	25
Balance sheet		26
Statement ofCash Flows		27
Notes to the financial	statements	28

TRUST forthe pur	poses ofcompany law.
Name	Role	Date	Date
		Elected	Resi ned
Charlie Rooney		13.07.2010
Geoff Payne	Chair from 05.02.19	25.01.2007
Sharon Stuttard		17.11.2008
Peter Dawson		07.05.2019
Helen Dudiack		04.02.2020

				Unmsticted	Restricted	Capital	Total	Total
			Note	Funds	Funds	Funds	2021	2020
Income from:
Donations and legacies
Donations				13			13	1,813
Inconu from Charitable	activities
Grants received					366,740		366,740	305,396
Contracts			2b	24,850			24,850	71,050
Income from other trading		activities
Activities for generating funds			2c	150,848			150,848	343,884
Rental income				44,097			44,097	44,022
Incorre from Investments
Interest receivable and similar		income		68,401			68,401	77,645
Other income
Other Income							459
Total income				288,668	366,740		655,408	844,252
Expenditure:
Expenditure on Raising	funds			168,550	60,497		229,047	379,774
Expenditure on Investment		Management		8,270			8,270	17,330
Expenditure on Charitable		Activities		326,961	306,243	57,732	690,936	799,778
Total expenditure				503,781	366,740	57,732	928,253	1,196,882
Net gains/(losses) on investments			12	284,308			284,308	(181,913)
Net gains/(losses) on disposal								(6,106)
Net income/(expenditure)				69,196		(57,732)	11,464	(540,649)
Net movement in funds				69,196		(57,732)	11864	(540,649)
Reconciliation offunds:
Balanceat1 April2020				2,813,207		2,643,724	5,456,931	5,997,580
Balance at 31"March 2021				2,882403		2,685,992	5rt68,395	5,456,931

		Note	2021	2020
Fixed Assets			8
Tangible assets		7	2,865,018	2,982,214
Investment in subsidiary		16	1	1
Property Investment		8	650,000	650,000
Investment -Schroders		8	1,493,158	1458850
Total Fixed Assets			5,028,177	5,091,065
Current Assets
Debtors			117,803	209,108
Cash at bank and in	hand		419,442	230584
Total Current Assetss			537,245	439,6$2
Liabilities
Creditors falling due	within one year	10	(97,027)	(73,826)
Net current assets			440,218	365,866
Net Assets			5~,395	5,455,$31
The funds ofthe charity. '
Unrestricted income funds
General Funds		12	1,221,795	1,386,907
Designated Funds		12	959,000	1,009,000
Revaluation Reserve		12	701,608	417300
Total Unrestdcted	Funds		2,882403	2,813,207
Restricted Income	Funds	13
Restricted Capital	Funds	14	2,585,992	2,643,724
Total chadty funds			5,468,395	5,458,$31

			Note	2021	2020
				6
Cash flows from operating activities;
Net cash provided by (used in) operating	activities		19	(156,832)	(492,743)
Cash flows from investing activities:
Dividends, Interest and rents from investments				112,498	121,667
Proceeds from Sale of Investment Property					118,894
Purchase ofproperty, plant and equipment				(16,809)
Proceeds from disposal ofinvestments				250,000	250,000
Net cash provided by (used in) Investing	activities			345,689	490,561
Increase (decrease) in cash and cash equivalents		in the year		188,857	(2,182)
Cash and cash equivalents st the beginning	ofthe year			230,584	232,766
Total cash and cash equivalents atthe end ofthe year			20	419442	230,584


GRANTS RECEIVABLE				2021
				f
National Lottery Community	-Climate Action Fund			24,658
National Lottery Community	-Our Bright Future Fund			34,709	47W2
Nafional Lottery Community-	Help Through Crisis Fund			34,596	32,580
National Lotlery Community	- Awards for All	Fund			1,622
National Lottery Heritage - Green Recovery Challenge			Fund	3,381
European Social Fund - Youth Employment		Initiative		149,273	154,458
Tees Valley Combined Authority - Youth Employment			Initiative	48,074	49,581
HMRC - Job Retention Scheme				62,459
Ministry ofJustice				6,000
Middlesbrough Council				2,575	975
North Star Housing					8,480
Other Grants				1,015	10,208
				366,740	305,396


2b	CONTRACTS		2021	2020
			5	5
	Client Led Services - Work B Out		24,850	71,050
				71,050
2c	ACTIVITIES FOR GENERATING	FUNDS	2021	2020
				5
	Facili5es - Room Hire		39,983	149,648
	Facilities - ONce Rental		59,146	56,819
	Facilities - Cafe &Catering		9i459	71,593
	Facilities - Sports Pitch Hire		16,368	35,796
	Facilities - Other Income			724
	Client Led Services - Benefit Take	Up Campaign	25,593	28,843
	Management &Admin - Other Income			461
			150,848	343,884


RESOURC	ES EXPENDED	Generating	Investment	Charitable	Tatal
		Funds	Iganagemsnt	Activities	2021
		5	6	6
Direct costs	- Other	30,808	4,861	33,055	68,724
Direct costs	- Staffing	144,511	37	187,143	331,691
Administration	costs	53,645	3,372	44,476	101,493
Staffing and	related costs	82		281,214	281,296
Audit and related costs				7,650	7,650
Depreciation				114,004	114,004
Irrecoverable	VAT			23,395	23,395
Total 2021		229,046	8,270	690,937	928,253
		Generating	Invesanent	Charitable	Total
		Funds 5	INanagerrwnt 5	Activities 6	2020f
Direct costs	- Other	88,307	11,797	44,621	144,725
Direct costs	- Stafling	213,399	1,993	226,555	441,947
Administration	costs	78,564	3,540	83,786	143,890
Staffing and	related costs	1,504		316,723	318,227
Audit and related casts				7,650	7,660
Depreciation				112,795	112,795
irrecoverable	VAT			27,648	27,648
Total 2020		379,774	17,330	799,778	1,198,882


Net ouigoing resources	for the year is stated after charging/crediting:	2021
Directors'/Trustees' emoluments
Depreciation ofawned	fixed assets	114,004	112,795
Unrealised Gain/(Loss)	on Investments	284,308	(181,913)
Auditofis remuneration
- as auditor		5,950	5,950
- other services		1,700	1,700

	cost ofthese properf	as	wasf585,4	30.
9	DEBTORS							2021	2020
								5	5
	Debtors - Charitable	activities						23,475	63,107
	Prepayments and accrued income							94,328	146,001
								117,803	209,108
10	CREDITORS:Amounts		falling due within one year					2021	2020
	Creditom —suppliers							19,755	10,023
	Other taxation and social		security					18,246	18,500
	Other creditors							3,766	8,709
	Accruals and deferred	income						55,260	36,594
								97,027	73,826
	~HMh i hd		hdll	i	-mddhdi	Ih	d	d-d	hdiddUdh dd0
	Bright Future 71,964,	Climate Action		F21,666snd Green Recovery		73,768

	~HMh i hd hdll i -mdd Bright Future 71,964, Climate Action F21,666snd Green	~HMh i hd hdll i -mdd Bright Future 71,964, Climate Action F21,666snd Green	hdi Ih d Recovery 73,768	d-d	hdidd
11	ANALYSIS OF NET ASSETS BETWEEN FUNDS		Unrestricted	Capital	Total 2021
			6	6	8
	Fixed Assets		299&026	2,685,992	2,885,018
	Investments	- Properties	650,000		650,000
	Investments	-Other	1,493,159		1,493,159
	Net Current	Assets	440,218		440,218
			2,882,403	2,585,992	5468,395
			Unrestricted	Capital	Total 2020
			f	6	5
	Fixed Assets		338,490	2,643,724	2,982,214
	Investments	-Properties	650,000		650,000
	Investments	-Other	1,468,851		1,468,861
	Net Current Assets		365,866		365,866
			2,813,207	2,843,724	5~6,931

UNRESTRICTED FUNDS	UNRESTRICTED FUNDS	UNRESTRICTED FUNDS			2021	2020
					6	6
Balance brought forward					1,386,907	1,667,911
Net Resources Expended		before Investment		Revaluations	(215,112)	(301,004)
Transfers to/from Restricted Capital Funds
Transfer from Designated		Fund			50,000	20.000
Balance cerned forward					1,221,795	1,386,907
DESIGNATED FUNDS					2021	2020
					f
Spode Pitches					140,000	140,000
Acklam Green Centre					573,000	573,000
Resource Centre					86,000	176,000
Houses					120,000	80,000
Vehicles					10,000	20,000
Redundancies					20,000	10,000
Disposals - Legal Fees					10,000	10,000
					959,000	1,009,000
REVALUATION RESERVE					2021	2020
					f	6
Balance brought forward					417,300	599,213
Unrealised Gain/(Loss)	on	Investments			284,308	(176,913)
Unrealised Gain/(Loss)	on	Investment	Properties			(5,000)
Balance carried forward					701,608	417,300
TOTAL OF UNRESTRICTED FUNDS					2,882,403	2,813,207


13	RESTRICTED	FUNDS		2021
	Balance brought	forward
	Funds mceived	in year		388,740	305,396
	Expenditure in year			(388,740)	(305,398)
	Balance carried	forward
14	CAPITAL FUNDS			2021	2020
				8
	Balance brought	forward		2,643,724	2,701,456
	Depreciation			(57,732)	(57,732)
	Transfer from/to	Unrestricted	Funds
	Balance carded	forward		2,595,992	2,643.724

			2021	2020
			5
	Net income/(expenditure for ths reporting period (as per the statement of financial activities)		11~	(540,649)
	Adjustments for:
	Depreciation charges		'I14,004	112,795
	(Gains)/Losses on investments		(284,308)	181,613
	Dividends, interest and rents from investments		(112,498)	(121,667)
	Loss/(profit) on the sale offixed assets			6,106
	(Increase)/decrease in stocks
	(Increase)/decrease in debtors		91,306	(88,881)
	Increase/(decrease) in creditors		23,201	(42,560)
	Net cash provided by (used in) operating	activities	156,832	492,743
20	ANALYSIS OF CASH AND CASH EQUIVALENTS		2021	2020
			5
	Cash in hand		419A42	230,584
	Notice deposits (less than 3months)
	Overdraft facility repayable on demand
	Total cash and cash equivalents		419/(42	230584

At 31 Ma	rch 2	021,the total minium lease payments unde	r non-cancefiable operating leases	were as follo
			2021	2020
			5	5
Amounts	due	within one year	4,960	4,960
Amounts	due	in two to five years	9,921	14,881
			14,881	19,841