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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|
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|RUST for the purp|oses
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|||
|Helen Dudiack||04.02.2020|||
|Michael Barber||09.11.2021|||
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|||||Unresticted|Restricted|Capital|Total|Total|
|---|---|---|---|---|---|---|---|---|
||||Note|Funds|Funds|Funds|2023|2022|
|Income from:|||||||||
|Donations
and legacies|||||||||
|Donations|||||||||
|Income from Charitable
activities|||||||||
|Grants received|||2a||267,417||267,417|312,191|
|Contracts|||2b|1,650|||1,650|26,350|
|Income from other trading|activities||||||||
|Actmities
for generating
funds|||2c|360,979|||360,979|291,947|
|Rental income||||45,000|||45,000|45,000|
|Income from Investments|||||||||
|Interest receivable
and similar income||||62,630|||62,630|61,339|
|Other income|||||||||
|Other Income||||2,904|||2,904|1,960|
|Total income||||473,163|267,417||740,580|740,792|
|Expenditure:|||||||||
|Expenditure
on Raising funds||||323,683|14,922||338,805|284,888|
|Expenditure
on Investment|Management|||16,960|||16,960|11,512|
|Expenditure
on Charitable|Activities|||239,895|252,495|91,705|584,095|623,161|
|Total expenditure||||580,738|267,417|91,705|939,860|919,561|
|Net gains/(losses)
on investments|||12|(121,405)|||(121,405)|55,111|
|Net gains/(losses)
on investment||properties|12|60,000|||80,000||
|Net income/(expenditure)||||(148,980)||(91,705)|(240,685)|(123,658)|
|Other recognised
gains/(losses):|||||||||
|Net gains/(losses)
on impairment||offixed assets|14|||||(695,258)|
|Net gains/(losses)
on disposal of||fixed assets|12|7,402|||7,402||
|Net movement
in funds||||(141,578)||(91,705)|(233,283)|(818,916)|
|Reconciliation
offunds:|||||||||
|Balance at 1' Apnl 2022||||2,970,266||1,805,751|4,776,019|5,594,935|
|Balance at 31e March 2023||||2,828,690||1,714,046|4,542,736|4,776,019|
|The notes on pages 28to 39|form part ofthese accounts.||||||||
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|||Note|2023|2022|
|---|---|---|---|---|
|Fixed Assets|||6|6|
|Tangible assets|||2,094,923|2,221,056|
|Property investment|||730,000|650,000|
|Investment
-Schroders|||1,376,864|1,498,269|
|Total Fixed Assets|||4,201,787|4,369,325|
|Current Assets|||||
|Debtors|||78,335|153,849|
|Cash at bank and in hand|||397,617|347,181|
|Total Current Assets|||475,952|501,030|
|Liabilities|||||
|Creditors
falling due within one year||10|(135,003)|(94,336)|
|Net current assets|||340,949|405,694|
|Net Assets|||4,542,736|4,775,019|
|The funds ofthe charity:|||||
|Unrestricted
income funds|||||
|General
Funds||12|1,865,523|1,702,818|
|Designated
Funds||12|574,717|959,000|
|Revaluation
Reserve||12|388,450|308,450|
|Total Unrestricted|Funds||2,828,690|2„970,268|
|Restricted Income|Funds|13|||
|Restricted Capital|Funds|14|1,714,046|1,805,751|
|Tote Icha rity funds|||4442,736|4,776,019|
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|||||Note|2023|2022|
|---|---|---|---|---|---|---|
||||||6|6|
|Cash flows from operating
activities;|||||||
|Net cash provided
by (used in) operating|activities||||(82,590)|(217,001)|
|Cash flows from investing
activities:|||||||
|Dividends,
Interest and rents from investments|||||107,630|106,339|
|Proceeds from the sale ofproperty,
plant|and|equipment|||28,796||
|Purchase
ofproperty,
plant and equipment|||||(3,400)|(11,600)|
|Proceeds from disposal ofmvestments||||||50,000|
|Net cash provided
by (used in) investing|activities||||133,026|144,739|
|Increase (decrease)
in cash and cash equivalents|||in the year||50,436|(72,262)|
|Cash and cash equivalents
at the beginning||ofthe|year||347,181|419,442|
|Total cash and cash equivalents
at the end||ofthe|year|19|397,617|347,181|
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|nco|me from charitable
activ|ities||||||||
|---|---|---|---|---|---|---|---|---|---|
|2a|GRAMS RECEIVABLE|||||||2023|2022|
||||||||||f|
||National
Lottery Community
-||Climate Action Fund|||||74,752|67,109|
||National
Lottery Communiiy-Our|||Bright Future Fund|||||2,316|
||National
Lottery Community-||Help||Through|Cnsis Fund||19,339|22,806|
||National
Lottery Heritage - Green|||Recovery||Challenge|Fund||11,830|
||European
Social Fund|- Youth|Employment|||Initiative||106,704|121,977|
||European Soaal Fund|—Community|||Grant|||9,351|1,081|
||Tees Valley Combined|Authority-||Youth Employment|||Initiative|20,903|41,876|
||Tees Valley Combined|Authority-||Multiply Fund||||480||
||HMRC
—Job Retention|Scheme|||||||4,809|
||DWP —Kickstart|||||||14,922|20,049|
||Youth Endowment
Fund|||||||11,014|6,185|
||Teesside
University|||||||5,000||
||Middlesbrough
Council|||||||2,440|1,283|
||Other Grants|||||||2,512|10,870|
|||||||||267,417|312,191|
||The grants received were the||only|restricted||Income received||in 2023 and 2022||
|2b|CONTRACTS|||||||2023|2022|
|||||||||f|f|
||Client Led Seruces - Work ITOut|||||||1,650|28,350|
|||||||||1,650|28,350|
||This contract ended
m|July 2022.||||||||
|com|e from other trading activities|||||||||
|Zc|ACTIVITIES FORGENERATING||FUNDS|||||2023|2022|
|||||||||f|f|
||Facilities
—Room Hire|||||||170,991|133,340|
||Famlities
—Office Rental|||||||57,540|51,206|
||Facilities - Cafe &Catenng|||||||71,846|44,009|
||Facilities -Sporls Pitch|Hire||||||51,092|48,757|
||Client Led Services - Benefit Take|||Up Campaign||||9,510|14,635|
|||||||||360,979|291,947|
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||YEAR ENDED 31|MARCH 2|023|||
|---|---|---|---|---|---|
|RESOURCES EXPENDED|Generating|Investment|Charitable|Governance|Total|
||Fundsf|Management
6|Activities|Costs
5|2023|
|Direct costs - Other|68,856|14,070|25,528||108,454|
|Direct costs - Staffing|173,852|242|175,828||349,922|
|Administration
costs|86,641|2,648|35,025|110|124,424|
|Staffing and related costs|9,456||200,2'I9|3,763|213,438|
|Audit and related costs||||7,650|7,650|
|Depreaation|||108,139||108,139|
|Irrecoverable
VAT|||27,833||27,833|
|Total2023|338,805|16,960|572,572|11,523|939,860|
||Generating|Investment|Charitable|Governance|Tote I|
||Funds|Management
5|Activities|Costs
f|2022
5|
|Direct costs - Other|54,323|7,284|38,511||100,118|
|Direct costs - Stafling|149,092|964|202,565||352,621|
|Admimstration
costs|66,324|3,264|39,528|81|109,197|
|Staffing and related costs|15,148||202,445|3732|221,325|
|Audit and related costs||||8,500|8,500|
|Depreciation|||106,844||106,844|
|Irrecoverable
VAT|||20,955||20,955|
|Total2022|284,887|11,512|610,848|12,313|919,560|
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|Net outgoing
resources|for the year is stated after charging/crediting:|2023|2022|
|---|---|---|---|
|||5||
|Directors'/Trustees'
emoluments||||
|Depreciation
ofowned|fixed assets|108,139|106,844|
|Unrealised
Gain/(Loss)|on Investments|(121,405)|55,111|
|Auditor's
remuneration||||
|as auditor||7,650|8,500|
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|The average|monthly head count was 27 staff (2022:29)|monthly head count was 27 staff (2022:29)|monthly head count was 27 staff (2022:29)|and the|average number|offull time equivalent|offull time equivalent|
|---|---|---|---|---|---|---|---|
|employees|and workers|(including|casual and part-time)|during|the year were as|follows:||
||||||2023||2022|
|Number
ofadministrative||staff||||20|21|
|Number
ofm an agem ant||staff||||2|2|
|||||||22|23|
|The aggregate
payroll costs ofthe|||above were:||2023||2022|
|Wages and|salaries||||511,637||518,344|
|Social Security costs|||||37,092||36,926|
|Employers|Pension Contnbutions||||11,789||13,044|
|corn|||||560,518||568,314|
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|9|DEBTORS|||2023|2022|
|---|---|---|---|---|---|
|||||5|f|
||Trade Debtors|||31,214|37,168|
||Prepayments|and accrued income||47,121|116,681|
|||||78,335|153,849|
|10|CREDITORS:Amounts||falling due within one year|2023|2022|
|||||f|6|
||Trade Creditors|||27,056|18,962|
||Other taxation|and social security||27,348|17,477|
||Other creditors|||4,404|4,991|
||Accruals
and deferred||income|76,195|52,906|
|||||135,003|94,336|
|11|ANALYSIS OF NET ASSEI'S BETWEENFUNDS|ANALYSIS OF NET ASSEI'S BETWEENFUNDS|Unrestricted|Capital|Total 2023|
|---|---|---|---|---|---|
||||6|5|5|
||Fixed Assets||380,877|1,714,046|2,094,923|
||Investments|—Properties|730,000||730,000|
||Investments|—Other|1,376,864||1,376,864|
||Net Current|Assets|340,949||340,949|
||||2,828,690|1,714,046|4,542,736|
||||Unrestricted|Capital|Total2022|
||||5|6|5|
||Fixed Assets||415,305|1,805,751|2,221,056|
||Investments|- Properties|650,000||650,000|
||Investments|- Other|1,498,269||1r498,269|
||Net Current|Assets|406,694||406,694|
||||2,970,26&|1,805,751|4,776,019|
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|UNRESTRICTED FUNDS|||||2023|2022|
|---|---|---|---|---|---|---|
|||||||f|
|Balance brought forward|||||1,702,818|1,741,493|
|Net Resources
Expended||before Investment||Revaluations|(107,575)|(87,064)|
|Gain/(Loss)
on investments|||||(121,405)|55,111|
|Gain/(Loss)
on sale offixed assets|||||7,402||
|Transfers
to/from
Restricted Capital Funds||||||(6,722)|
|Transfer from Designated||Fund|||384,283||
|Balance carried forward|||||1,865,523|1,702,818|
|DESIGNATED
FUNDS|||||2023|2022|
||||||5||
|Sports Pitches|||||284,717|140,000|
|Acklam Green Centre|||||110,000|573,000|
|Resource Centre|||||35,000|86,000|
|Houses|||||100,000|120,000|
|Vehicles||||||10,000|
|Redundancies|||||10,000|20,000|
|Disposals - Legal Fees|off||||35,000|10,000|
||||||574,717|959,000|
|REVALUATION
RESERVE|||||2023|2022|
||||||5|5|
|Balance brought forward|||||308,450|308,450|
|Unrealised
Gain/(Loss)|on|Investment|Properties||80,000||
|Balance carried forward|||||388,450|308,450|
|TOTAL OFUNRESTRICTED||FUNDS|||2,828,690|2,970,268|
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|||||||
|---|---|---|---|---|---|
|13|RESTRICTED FUNDS|||2023|2022|
|||||5|F|
||Balance brought|forward||||
||Funds received|in year||267,417|312,191|
||Expenditure
in year|||(267,417)|(312,191)|
||Balance earned|forward||||
|14|CAPITAL FUNDS|||2023|2022|
|||||6|6|
||Balance brought|forward||1,805,751|2,585,992|
||Depreciation|||(91,705)|(91,705)|
||Im pa irm ant||||(695,258)|
||Transfer fromfto|Unrestricted|Funds||6,722|
||Balance carried|forward||1,714,046|1,805,751|
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|||||2023|2022|
|---|---|---|---|---|---|
|||||5||
|Net income/(expenditure
for the reporting|||period|||
|(as per the statement
offinancial activities)||||(233,283)|(818,916)|
|Adjustments
for:||||||
|Depreciation
charges||||108,139|106,844|
|(Gains)/Losses
on|investments|||41,405|(55,111)|
|(Gains)/Losses
on|revalutaion|ofFixed Assets|||695,258|
|Dividends,
interest|and rents from investments|||(107,630)|(106,339)|
|Loss/(profit)
on the|sale offixed|assets||(7,402)||
|(Increase)/decrease|in debtors|||75,514||
|Increase/(decrease)|in creditors|||40,667||
|Net cash provided|by (used in)|operating|activities|(82,590)|(178,264|
|ANALYSIS OFCASH AND CASH EQUIVALENTS||||2023|2022|
|||||6|6|
|Cash in hand||||227,617|262,181|
|Notice deposits (less than 3 months)||||170,000|85,000|
|Total cash and cash equivalents||||397,617|347,181|
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|||||2023|2022|
|---|---|---|---|---|---|
|||||f|6|
|Amounts|due|within|one year|6,700|6,520|
|Amounts|due|over|one year|4,938|11,458|