2022-03-31-accounts - Actes Trust

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CONTENTS		PAGE
The Trustees' report
Independent auditor's	report to the members	21
Statement of Financial	Activities	26
Balance sheet		27
Statement ofCash Flows		28
Notes to the financial	statements	29

									As
									restated
					unresticted	Restricted	Capital	Total	Total
				Note	Funds	Funds	Funds	2022	2021
Income from:
Donations and legacies
Donations									13
Income from Charitable	activities
Grants received				2a		312,191		312,191	366,740
Contracts				2b	25,350			28,350	24,850
Income from other trading		activities
Activities forgenerafng	funds			2c	291,947			291,947	150,548
Rental income					45,000			45,000	44,097
Income from Investments
Interest receivable and similar income					61,339			61,339	68,401
Other income
Other Income					1,960			1,960	459
Total income					428,601	312,191		740,792	655,408
Expenditure:
Expenditure on Raising	funds				259,725	25,163		254,888	229,047
Expenditure on Investment		Iaanagement			11,512			11,512	8,270
Expenditure on Charitable		Activities			244,428	287,028	91,705	623,161	690,936
Total expenditure					515,665	312,191	91,705	919,561	928353
Net gainsi(losses) on investments				12	55,111			55,111	284,308
Net gains/(losses) on impairment			offixed assets	7			(695,258)	(695,258)
Transfer between funds				12,14	(5,722)		6,722
Net income/(expenditure)					(38,675)		(780,241)	(818,916)	11~64
Net movement in funds					(38,675)		(780,241)	(818,916)	11A64
Reconciliation offunds:
Balance at I"April 2021					3,008,943		2,585,992	5,594,935	5,583,471
Balance at 31"March 2022					2970,268		1)805)751	4776019	5)594)935
The notes on pages 29to	41	form part ofthese accounts.

				As restated
		Note	2022	2021
Rxed Assets			8	6
Tangible assets		7	2,221,056	3,011,558
Investment in subsidiary		16		1
property Invesunent		8	650,000	850,000
Investment -Schroders		8	1,498,269	1,493 158
Total Fixed Assets			4,369,325	5,154,717
Current Assets
Debtom			153,849	117,803
Cash at bank and	in hand		347 181	419442
Total Current Assets			501,030	537,245
Liabilities
Creditors falling due within one year		10	(94,338)	(97,027)
Net current assets			406,694	440,218
Net Assets			4,776,019	5,594,935
The funds ofthe charily:
Unrestricted income funds
General Funds		12	1,702,818	1,741,493
Designated Funds		12	959,000	959,000
Revaluation Reserve		12	308,450	308,450
Total Unrestricted	Funds		2,970368	3,008,943
Restricted Income	Funds	13
Restricted Capital	Funds	14	1,805,751	2,585,992
Total charity funds			4,776,019	5,594.935

			Note	2022	2021
				8	6
Cash flows from operating activities;
Net cash provided by (used in) operating activities			19	(217,001)	(156,832)
Cash flows from investing activities:
Dividends, Interest and rents from investments				106,339	112,496
Proceeds from Sale ofinvestment Property
Purchase ofproperty, plant and equipment				(11,600)	(16,809)
Proceeds from disposal ofinvestments				50,000	250,000
Net cash provided by (used in) investing activities				144,739	345,689
Increase (decrease) in cash and cash equivalents		in the year		P2,262)	188,857
Cash and cash equivalents at the beginning	ofthe	year		419,442	230,584
Total cash and cash equivalents atthe end	ofthe	year	20	347,181	419,442

GRANTS RECHVABLE							2022	2021
							6	6
National Lottery Community-		Climate rtction Fund					67,109	24,658
National Lottery Community		- Our Bright Future Fund					2,316	34,709
Nafiional Lottery Community.		Help	Through	Crisis	Fund		22,806	34,596
National Lottery Heritage - Green Recovery				Challenge		Fund	11,830	3,381
European Social Fund	- Youth Employment			Initiative			121,977	149,273
European Social Fund	- Community		Grant				1,081
Tees Valley Combined	Authority - Youth Em			ploym	ant	Initiative	41,876	48,074
HMRC - Job Retention	Scheme						4,809	62r459
DWP - Kickstart							20,049
Ministry ofJustice								6,000
Middlesbrough Council							1,283	2,575
Youth Endowment Fund							6,185
Other Grants							10,870	1,015
							312,191	366,740

2b	CONTRACTS	2022	2021
			f
	Client Led Services - Work ITOut	28,350	24,850
		28,350	24,850
2c	ACllVITIEB FORGENERATING FUNDS	2022	2021
		6	6
	Facilities - Room Hire	133,340	39,983
	Facilities -Office Rental	51,206	59,146
	FaciliTies - Cafifi &Catering	44,009	9,459
	FaciliTies - Sports Pitch Hire	48,757	16,368
	Client Led Services - Benefit Take Up Campaign	14,635	25,893
		291,947	150,848

		YEAR ENDED 31	MARCH 2	022
3	RESOURCES EKPENDED	Generating	investment	Charitable	Total
		Funds	Management	Activities	2022
		6	5	6	6
	Direct costs -Other	54,323	7,284	38,511	100,118
	Direct costs - Staffing	149,092	964	202,565	352,621
	Administration costs	66,324	3,264	39,609	109,197
	Staffing and related costs	15,148		206,177	221,325
	Audit and related costs			8,500	8,500
	Depreciation			106,844	1062I44
	irrecoverable VAT			20,955	20,955
	Total2022	284,887	11,512	623,161	919,560
		Generating	Investment	Charitable	Total
		Funds	Management	Activities	2021
		8	5	8	2
	Direct costs - Other	30,808	4,861	33,055	68,724
	Direct costs - Staffing	144,511	37	187,143	331,691
	Administration cosh	53,645	3,372	44,476	101493
	Staffing and related cosh	82		281,214	281,296
	Audit and related costs			7,650	7,650
	Depreciation			114,004	114,004
	irrecoverable VAT			23,395	23,3$5
	Total2021	229,046	8,270	690,937	928,253

Net outgoing resources	for the year is stated after charging/crediting:	2022	2021
		6
Directors'/Trustees' emoluments
Depreciation ofowned	fixed assets	106,844	114,004
Unrealised Gain/(Loss)	on Investments	55,111	284,308
Auditor's remuneration
- as auditor		8,500	7,650

ANALYSIS OFSTAFF NUMBER AND COSTS, TRUSTEE RE MANAGEMENT PERSONNEL	ANALYSIS OFSTAFF NUMBER AND COSTS, TRUSTEE RE MANAGEMENT PERSONNEL	ANALYSIS OFSTAFF NUMBER AND COSTS, TRUSTEE RE MANAGEMENT PERSONNEL	MUNERATION A	ND EXPENSE	S, AND THECO
The average monthly head countwas 29staff(2021: 29)			and the average	number of full	firne equivalent
employees and workers	(including	casual and part-time)	during the year	were as follows: 2022 2021
Number ofadrniniskative	staff			21	20
Numberofrnanagementstaff				2	3
				23	23
The aggregate payroll costs ofthe		above were:		2022	2021
				6	6
Wages and salaries				518,344	553,646
Social Security costs				36,926	41,707
Employers Pension Contributions				13,044	12,728
				568,314	608,082

TANGIBLE RXEDASSETS	Freehold	Sports
As restated	Property	Pitches	Equipment	Vehicles	Total
COST	6	6	6	f	6
At 1 April2021	4,056,141	849,307	134,111	0	5,039,559
AddiTions	0	0	1,637	9,963	11,600
Disposal	0	0	0	0	0
At 31 Starch 2022	4,056,141	849,307	135,748	9,963	5,051,159
DEPRECIATION
At 1 April 2021	1,399,906	509,584	118,511	0	2,028,001
Charge for the year	68,250	33,972	4,373	249	106,844
Impairment	695,258	0	0	0	695,258
On Disposal	0	0	0	0	0
At 31 March 2022	2,163r414	543,556	122,884	249	2,830,103
NET BOOKVALUE
At31 March 2022	1,892,727	305,751	12,864	9,714	2421,056
At 31 March 2021	2)656~235	339)723	15,600	0	3,011,558

9	DEBTORS			2022	2021
				f	6
	Debtors - Charitable		acbv'ties	37,168	23r475
	Prepayments	and accrued income		116,681	94,328
				153,849	117A03
10	CREDITORS:Amounts		falling due within one year	2022	2021
				6	5
	Creditors —suppliers			18,962	19,755
	Other taxation	and social security		17A77	18,246
	Other creditors			4,aat	3,766
	Accruals and deferred		income	52,906	55,260
				94,336	97,027

ANALYSIS OFNETASSETS BEIWEEN FUNDS	ANALYSIS OFNETASSETS BEIWEEN FUNDS	Unrestricted	Capital	Total2022
		5	6	5
Fixed Assets		415,305	1,805,751	2,221,056
Investments	-Properties	650,000		650,000
Investrn ants	- Other	1,498,269		1r498,269
Net Current Assets		406,694		405,694
		2970268	1)805751	4)776~019
		Unrestricted	Capital	Total 2021
As restated			6	6
Fixed Assets		425,567	2,585,992	3,011,558
Investments	-Properties	650,000		650,000
Investmenls	-Other	1,493,159		txt93,159
Net Current peseta		440,218		440,218
		3,008,943	2,585,992	5,594,935

						As restated
UNRESTRICTED FUNDS					2022	2021
					6	6
Balance brought forward					1,741,493	1,822,297
Net Resources Expended		before Investment		Revaluations	(87,064)	(215,112)
Gain on investments					55,111	284,308
Transfers to/from Restricted Capital Funds					(6,722)
Transfer from Designated		Fund			0	50,000
Balance carried forward					1,702,818	1,741,493
DESIGNATED FUNDS					2022	2021
					f
Sports Pitches					140,000	140,000
Acklarn Green Centre					573,000	573,000
Resource Centre					86,000	86,000
Houses					120,000	120,000
V'ehicles					10,000	10,000
Redundancies					20,000	20,000
Disposals - Legal Fees					10,000	10,000
					959$000	959$000
REVALUATION RESERVE					2022	2021
					6	5
Balance brought forward					308r450	3081450
Unrealised Gain/(Loss)	on	Investment	Properdes
Balance carried forward					308~50	308r450
TOTAL OF UNRESTRICTED		FUNDS			2.970.268	3,008.943

		YEAR ENDED	31 MARCH 2022
RESTRICTED FUNDS			2022	2021
			5	8
Balance brought	forward
Funds received	in year		312,191	365,740
Expenditure in year			(312,191)	(366,740)
Balance carried	forward
CAPITAL FUNDS			2022	2021
			f	f
Balance brought	forward		2,sss,as2	2,643,724
Depreciafion			(91,705)	(57,732)
Impairment			(695,258)
Transfer from/to	Unrestricted	Funds	6,722
Balance carried	forward		1,805,751	2,585,992

				2022	2021
				8	K
Net income/(expenditure for the reporting			period
(as per the statement of financial acthrities)				(818,916)	11/I64
Adjustments for:
Depreciation charges				106,844	114,004
(Gains)/Losses on	investments			(55,111)	(284,308)
(Gains)/Losses on	revalutaion	ofFixed Assets		695,258
Digdends, interest	and rents from investments			(106,339)	(112r498)
Loss/(profit) on the	sale offixed	assets
(Increase)/decrease	in stocks
(Increase)/decrease	in debtors			(36,046)	91,305
Increase/(decrease)	in creditors			2,691	23,201
Net cash provided	by (used in)	operating	activities	217001	156 32
ANALYSIS OFCASH AND CASH EQUIVALENTS				2022	2021
				8	8
Cash in hand				347,181	419/I42
No5ce deposits (less than 3months)
Overdraft fsciliiy repayable on demand
Total cash and cash equivalents				347181	419442

At 31 Mar	ch 2	022, the total minium lease payments u	nder non-cancefiable operating le	ases were
			2022	2021
			8	6
Amounts	due	within one year	6,520	4.960
Amounts	due	in two to five years	11458	9921
			17978	14881

PRIOR PERIOD AMUSTMENT	PRIOR PERIOD AMUSTMENT
				1stApril	31stMarch
				2019	2020
Reconciliation ofUnrestricted		Funds		5	5
Funds as previously reported				3.296,124	2,513,207
Adjusbnsnts arising
Freehold property depreciation					126,540
Funds as restated				3,296,124	2,939747
Reconciliation ofnet income/(expenditure)			for the previous		2020
financial period					f
Net expenditure as previously	reported				(540,649j
Adjustments arising
Freehold property depreciation					126,540
Net expenditure as restated					414,109
Notes to restatement