BRECKON HILL COMMUNITY ENTERPRISE (Limited by guarantee-not having a share capital)
TRUSTEES’ REPORT AND STATEMENT OF ACCOUNTS
YEAR ENDED 31[ST] JULY 2022
REGISTERED CHARITY: 1125513
COMPANY NUMBER: 06590349
BRECKON HILL COMMUNITY ENTERPRISE
REPORT OF THE TRUSTEES
YEAR ENDED 31[ST] JULY 2022
The Trustees present their report and the audited financial statements of the charity for the year ended 31[st] July 2021. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” (FRS 102) in preparing the annual report and financial statements of the charity.
The financial statements have been prepared in accordance with the accounting policies set out in the notes to the accounts and comply with the charity’s governing document, the Charities Act 2011 and 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 published on 16 July 2014 (as amended by Update Bulletin 1 published on 2 February 2016) .
REFERENCE AND ADMINISTRATIVE DETAILS
Charity Name Breckon Hill Community Enterprise Company Number 06590349 Charity Number 1125513
DIRECTORS AND TRUSTEES
The directors (who are trustees of the charity) who served during the period were:-
Mrs Jennifer Dowsett Chair Mrs Shirley Robinson Treasurer Mr Arthur West Mrs Salma Dinn Mr Hugh McShane
COMPANY SECRETARY
Mr Sean Hickman
PROJECT MANAGER
Amanda Buck
REGISTERED OFFICE
Breckon Hill Community Centre Breckon Hill Road Middlesbrough TS4 2DS
INDEPENDENT EXAMINER
Mr J Gresham Azets New Garth House Upper Garth Gardens Guisborough TS14 6HA
BANKERS Co-operative Bank PLC
BRECKON HILL COMMUNITY ENTERPRISE
(Limited by Guarantee – not having a share capital)
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REPORT OF THE TRUSTEES (continued) YEAR ENDED 31[st] JULY 2022
STRUCTURE GOVERNANCE AND MANAGEMENT
The organisation is a charitable company limited by guarantee, incorporated on 12[th] May 2008 and registered as a charity on 14[th] October 2008. It started its operations on 1[st] August 2008, when the activities of Breckon Hill Community Association were transferred to the charity.
The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association.
OBJECTIVES AND ACTIVITIES
The company is a registered charity whose principal objects are:
(1) To further or benefit the community of Middlesbrough and the neighbouring Tees Valley area without distinction of sex, sexual orientation, race, age, disability or political, religious or other opinions, by associating together the said communities and the local authorities, voluntary and other organisations in a common effort to advance education and to provide facilities in the interest of social welfare for recreation, leisure time occupation with the objective of improving the conditions of life for the community.
(2) To develop the capacity and skills of the community of Middlesbrough and the neighbouring Tees Valley area in such a way that local residents are better able to identify and deal with matters that affect them and so that such residents can participate more fully in society.
(3) In furtherance of these objects, but not otherwise, the trustees shall have power to manage and maintain Breckon Hill Community Enterprise, to establish or secure the establishment of any other community centre and to maintain or manage or co-operate with any statutory authority in the maintenance and management of such centre(s) for activities promoted by the charity in the furtherance of the above objects
ACHIEVEMENTS AND PERFORMANCE
During the year the charity has managed the Community Centre in accordance with its above objects. The trustees have referred to the guidance issued by the Charity Commission on public benefit when reviewing its aims and objectives and looking at its future plans.
BRECKON HILL COMMUNITY ENTERPRISE
(Limited by Guarantee – not having a share capital)
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REPORT OF THE TRUSTEES (continued) YEAR ENDED 31[ST] JULY 2022
FINANCIAL REVIEW
The statement of financial activities on page 5 shows the results for the period.
RESERVES
The trustees have determined that free reserves equivalent to 6 months fixed running costs (£62,450 at present levels) will be required to allow the charity to continue its activities and seek alternative sources of funding, should there be a downturn in funding from current sources. At 31[st] July 2022 free reserves (i.e. those unrestricted reserves not designated or tried up in fixed assets) amounted to £24,302.
RISK REVIEW
The trustees have considered the charity’s exposure to risk and have put in place policies to mitigate those risks. The main risk identified by the trustees is being unable to secure sufficient funding to continue its activities. The reserves policy described above is designed to mitigate the adverse effects of this.
STATEMENT OF TRUSTEES RESPONSIBILITIES
The trustees (who are also directors of Breckon Hill Community Enterprise for the purposes of company law) are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the trustees to prepare financial statements 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 the year. In preparing these financial statements, the trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements 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.
Approved by the trustees on 28[th] March 2023 and signed on their behalf by:
Mrs S Robinson
Trustee
Independent Examiner's Report to the Trustees of Breckon Hill Community Enterprise
I report on the accounts of the company for the year ended 31[st] July 2022 which are set out on pages 5 to 15
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Respective responsibilities of trustees and examiner
The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed
Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:
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examine the accounts under section 145 of the 2011 Act;
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follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
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state whether particular matters have come to my attention.
Basis of independent examiner's statement
My examination was carried out in accordance with general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a “true and fair view” and the report is limited to those matters set out in the statement below.
Independent examiner's statement
In connection with my examination, no matter has come to my attention:
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1 which gives me reasonable cause to believe that, in any material respect, the requirements:
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to keep accounting records in accordance with section 386 of the Companies Act 2006; and
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to prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities
have not been met; or
- 2 to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Mr J Gresham Azets
New Garth House Upper Garth Gardens GUISBOROUGH TS14 6HA
BRECKON HILL COMMUNITY ENTERPRISE
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STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT)
YEAR ENDED 31[ST] JULY 2022
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| Note | Funds | Funds | Funds | Funds | |
| £ | £ | £ | £ | ||
| INCOME | |||||
| From charitable activities | |||||
| Grants receivable | 2 | 100,771 | 100,771 | 152,917 | |
| Fundraising | 1,054 | - | 1,054 | 571 | |
| Miscellaneous | - | - | - | 167 | |
| JRS grants | - | - | - | 3,520 | |
| From other trading activities | |||||
| Room hire and rent | 24,830 | - | 24,830 | 12,811 | |
| Bank interest | 4 | - | 4 | 32 | |
| Eco shop | 1,924 | - | 1,924 | 1,588 | |
| Photocopies | 73 | - | 73 | 70 | |
| Donations | 520 | - | 520 | - | |
| Wages recharged | 15,239 | - | 15,239 | - | |
| ────── | ────── | ────── | ────── | ||
| TOTAL INCOME | 43,644 | 100,771 | 144,415 | 171,676 | |
| ════ | ════ | ════ | ════ | ||
| EXPENDITURE | |||||
| On charitable activities | 51,318 | 74,240 | 125,558 | 96,751 | |
| Bad debts written off | 3,254 | - | 3,254 | 9,262 | |
| ────── | ────── | ────── | ────── | ||
| 3 | 54,572 | 74,240 | 128,812 | 106,013 | |
| ════ | ════ | ════ | ════ | ||
| Net income/(expenditure) | 4 | (10,928) | 26,531 | 15,603 | 65,663 |
| Transfers | 6 | - | - | - | - |
| ────── | ────── | ────── | ────── | ||
| Net movement in funds | (10,928) | 26,531 | 15,603 | 65,663 | |
| Fund balances brought forward | 49,742 | 77,235 | 126,977 | 61,314 | |
| Transfer | - | - | - | - | |
| ────── | ────── | ────── | ────── | ||
| FUND BALANCES CARRIED | |||||
| FORWARD | 10 | 38,814 | 103,766 | 142,580 | 126,977 |
| ════ | ════ | ════ | ════ |
The notes on pages 7 to 13 form part of these accounts.
BRECKON HILL COMMUNITY ENTERPRISE
BALANCE SHEET
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AS AT 31[ST] JULY 2022
| Note | 2022 | 2021 | |||
|---|---|---|---|---|---|
| £ | £ | £ | £ | ||
| CURRENT ASSETS | |||||
| Debtors and prepayments | 7 | 26,566 | 5,356 | ||
| Cash at bank and in hand | 119,358 | 125,507 | |||
| ______ | ______ | ||||
| 145,914 | 130,863 | ||||
| CREDITORS: AMOUNTS FALLING | |||||
| DUE WITHIN ONE YEAR | 8 | 3,334 | 3,886 | ||
| ───── | ───── | ||||
| NET CURRENT ASSETS | 142,580 | 126,977 | |||
| ────── | ────── | ||||
| NET ASSETS | 142,580 | 126,977 | |||
| ════ | ════ | ||||
| UNRESTICTED FUNDS | |||||
| General Fund | 38,814 | 35,230 | |||
| Designated Funds | 14,512 | 14,512 | |||
| ────── | ────── | ||||
| 38,814 | 49,742 | ||||
| RESTRICTED FUNDS | 89,254 | 77,235 | |||
| ───── | ────── | ||||
| TOTAL FUNDS | 10 | 142,580 | 126,977 | ||
| ════ | ════ |
The directors are satisfied that the company was entitled to exemption from audit under section 477 of the Companies Act 2006 and that members have not required an audit in accordance with section 476.
The directors acknowledge their responsibilities for:
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i ensuring that the company keeps accounting records which comply with section 386; and
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ii preparing accounts which give a true and fair view of the state of affairs of the charitable company as at the end of the financial year and of its profit or loss for the financial year in accordance with the requirements of section 396 and which otherwise comply with the requirements of this Act relating to accounts, so far as applicable to the charitable company.
These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
Approved by the Trustees on 28[th] March 2023 and signed on their behalf by:
Mrs S Robinson
Trustee/director
The notes on pages 7 to 13 form part of these accounts
BRECKON HILL COMMUNITY ENTERPRISE
NOTES TO THE ACCOUNTS FOR THE PERIOD ENDED 31[ST] JULY 2022
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1. ACCOUNTING POLICIES
(a) General information and basis of preparation
Breckon Hill Community Enterprise is a company limited by guarantee and registered in England. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £10 per member of the charity. The address of the registered office is given in the charity information on page 1 of these financial statements. The nature of the charity’s operations and principal activities relate to the management of a Community Centre as described on page 2.
The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with 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) issued on 16 July 2014 (as updated through Update Bulletin 1 published on 2 February 2016), the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011, the Companies Act 2016 and UK Generally Accepted Practice as it applies from 1 January 2015.
The charity has applied Update Bulletin 1 as published on 2 February 2016 and does not include a cash flow statement on the grounds that it is applying FRS 102 Section 1A.
The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
The charity adopted SORP (FRS 102) in the current year but this has not affected the financial position or performance.
(b) Funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.
Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
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BRECKON HILL COMMUNITY ENTERPRISE
NOTES TO THE ACCOUNTS FOR THE PERIOD ENDED 31[ST] JULY 2022
1. ACCOUNTING POLICIES
(c) Income recognition
All incoming resources are included in the Statement of Financial Activities (SoFA) when the charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably and it is probable that the income will be received.
For donations to be recognised the charity will have been notified of the amounts and the settlement date in writing. If there are conditions attached to the donation and this requires a level of performance before entitlement can be obtained then income is deferred until those conditions are fully met or the fulfilment of those conditions is within the control of the charity and it is probable that they will be fulfilled.
Donated facilities and donated professional services are recognised in income at their fair value when their economic benefit is probable, it can be measured reliably, and the charity has control over the item. Fair value is determined on the basis of the value of the gift to the charity. For example the amount the charity would be willing to pay in the open market for such facilities and services. A corresponding amount is recognised in expenditure.
No amount is included in the financial statements for volunteer time in line with the SORP (FRS 102). Further detail is given in the Trustees’ Annual Report.
For legacies, entitlement is the earlier of the charity being notified of an impending distribution or the legacy being received. At this point income is recognised. On occasion legacies will be notified to the charity however it is not possible to measure the amount expected to be distributed. On these occasions, the legacy is treated as a contingent asset and disclosed.
Investment income is earned through holding cash in a deposit account and is recognised when it is earned.
(d) Expenditure recognition
All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required and the amount of the obligation can be measured reliably. All direct costs relate to the charity’s charitable activities.
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BRECKON HILL COMMUNITY ENTERPRISE
NOTES TO THE ACCOUNTS FOR THE PERIOD ENDED 31[ST] JULY 2022
1. ACCOUNTING POLICIES
(e) Support costs allocation
Support costs are those that assist the work of the charity but do not directly represent charitable activities and include office costs, governance costs, administrative payroll costs. They are incurred directly in support of expenditure on the objects of the charity and include project management carried out at Headquarters. Where support costs cannot be directly attributed to particular headings they have been allocated to cost of raising funds and expenditure on charitable activities on a basis consistent with use of the resources.
The analysis of these costs is included in note 3.
Irrecoverable VAT is charged as an expense against the activity for which expenditure arose.
(f) Tangible fixed assets
The charity currently has no tangible fixed assets.
(g) Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure.
(h) Provisions
Provisions are recognised when the charity has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated.
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BRECKON HILL COMMUNITY ENTERPRISE
NOTES TO THE ACCOUNTS FOR THE PERIOD ENDED 31[ST] JULY 2022
1. ACCOUNTING POLICIES
(i) Employee benefits
When employees have rendered service to the charity, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.
The charity operates a defined contribution plan for the benefit of its employees. Contributions are expensed as they become payable.
(j) Tax
The charity is an exempt charity within the meaning of schedule 3 of the Charities Act 2011 and is considered to pass the tests set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes.
(k) Going concern
The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern.
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BRECKON HILL COMMUNITY ENTERPRISE
NOTES TO THE ACCOUNTS FOR THE PERIOD ENDED 31[ST] JULY 2022
2. GRANTS RECEIVABLE
| . GRANTS RECEIVABLE | ||||
|---|---|---|---|---|
| 2022 | 2021 | |||
| Unrestricted | Restricted | Total | Total | |
| £ | £ | £ | £ | |
| Tudor Trust | - | - | - | 20,000 |
| Middlesbrough Council HAF grant 2021 | - | - | - | 15,784 |
| Ballinger Trust | - | 40,000 | 40,000 | 15000 |
| Sport England | - | - | - | 9,925 |
| Eco shop | - | 1,200 | 1,200 | 5,250 |
| Catherine Cookson | - | - | - | 5,000 |
| Feast of Fun | - | - | - | 6,300 |
| Middlesbrough Council Ethio | - | - | - | 820 |
| Middlesbrough Council Brereton gardens | - |
- | 390 | |
| Youth Provision | - | 9,576 | 9,576 | 10,746 |
| Mercers Trust | - | - | - | 25,000 |
| Covid grant | - | - | - | 24,540 |
| Middlesbrough First | - | 15,239 | 15,239 | 14,162 |
| Middlesbrough Voluntary Payment | - | 4,735 | 4,735 | - |
| Middlesbrough Council Covid Grant | - | 7,400 | 7,400 | - |
| Greggs Holding Account | - | 200 | 200 | - |
| MFC Foundation | - | 427 | 427 | - |
| Groundworks | - | 1,000 | 1,000 | - |
| Middlesbrough School of light | - | 1,400 | 1,400 | - |
| Middlesbrough Council Jubilee Grant | - | 1,000 | 1,000 | - |
| Middlesbrough Council Together FOF | - | 616 | 616 | - |
| Middlesbrough Council HAF grant 2022 | - | 17,978 | 17,978 | - |
| _____ | _____ | _____ | _____ | |
| - _____ |
100,771 _____ |
100,771 _____ |
152,917 _____ |
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BRECKON HILL COMMUNITY ENTERPRISE
NOTES TO THE ACCOUNTS FOR THE PERIOD ENDED 31[ST] JULY 2022
3. TOTAL RESOURCES EXPENDED
| Charitable Governance 2022 Activities Costs Total Directly Allocated Costs £ £ £ Staff Costs 26,676 - 26,676 Wages for holiday cover 52 - 52 Eco shop 270 - 270 Eco shop set up costs - - - Travel & training 1,926 - 1,926 Independent Examination - 1,152 1,152 Payroll service costs 576 - 576 Sports England 815 - 815 Youth Project - - - Feast of fun 624 - 624 Covid lottery champion - - - HAF 11,496 - 11,496 Ehtio 470 - 470 EU Settlement - - - I Heart - - - Willian Charity trust 5,301 - 5,301 Middlesbrough council covid grant 6,232 - 6,232 MFC Eco shop 1,400 - 1,400 MFC Foundation 427 - 427 Awards for All 9,940 - 9,940 Middlesbrough school of light 750 - 750 Middlesbrough Jubilee grant 690 - 690 Greggs Holding account 100 - 100 Groundworks 1,000 - 1,000 Sundry expenses 972 - 972 Refurbishment Costs - - - Support Costs allocated on the basis of usage Salaries 33,756 1,777 35,533 Premises costs 12,420 653 13,073 Postage, stationery & advertising 1,329 70 1,399 Telephone & internet 1,890 100 1,990 Insurance 1,378 72 1,450 Peninsula consultancy 1,182 62 1,244 __ _ ___ TOTAL RESOURCES EXPENDED 121,672 3,886 125,558 |
2021 Total £ 22,554 - 1,195 3,413 369 1,152 1,828 7,950 3,355 7,287 269 949 350 260 200 - - - - - - - - - 1,022 1,206 36,000 2,796 587 1,446 1,200 1,363 ______ 96,751 |
|---|---|
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BRECKON HILL COMMUNITY ENTERPRISE
NOTES TO THE ACCOUNTS FOR THE PERIOD ENDED 31[ST] JULY 2022
4. NET INCOMING RESOURCES FOR THE YEAR
| This is stated after charging: Trustees’ remuneration & expenses Independent Examiner’s Fee 5. EMPLOYEE EMOLUMENTS |
2022 £ - 1,152 ______ |
2021 £ - 1,264 |
|---|---|---|
| ______ |
There were no employees whose remuneration defined for taxation purposes amounted to greater than £60000.
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| Wages and Salaries | 59834 | 57,234 |
| Social Security costs | 5,744 | 4,640 |
| Employment allowance | (4,654) | (4,264) |
| Employers pension | 1,285 | 944 |
| ───── | ───── | |
| 62,209 | 58,554 | |
| ════ | ════ |
The average number of employees during the year was 3 (2021: 5).
6. TRANSFERS
The transfers relate to expenditure on projects which had been met out of general funds.
7 . DEBTORS
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| Prepayments | 269 | 289 |
| Other debtors | 26,287 | 5,067 |
| ──── | ──── | |
| 26,556 | 5,356 | |
| ════ | ════ |
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BRECKON HILL COMMUNITY ENTERPRISE
NOTES TO THE ACCOUNTS FOR THE PERIOD ENDED 31[ST] JULY 2022
8. CREDITORS: Amounts falling due within one year
| 8. | CREDITORS: Amounts falling due within one year | ||
|---|---|---|---|
| 2022 | 2021 | ||
| £ | £ | ||
| Social security and other taxes | - | 2,734 | |
| Accruals | 1,152 | 1,152 | |
| Deferred income | 2,182 | - | |
| Other creditors | - | - | |
| ──── | ──── | ||
| 3,334 | 3,886 | ||
| ════ | ════ | ||
| 9. | ANALYSIS OF NET ASSETS BETWEEN FUNDS |
| 2022 | |||
|---|---|---|---|
| Unrestricted | Restricted | Total | |
| Funds | Funds | Funds | |
| £ | £ | £ | |
| Current Assets | 42,148 | 88,527 | 130,675 |
| Current Liabilities | (3,334) | - | (3,334) |
| ───── | ───── | ───── | |
| 38,814 | 88,527 | 127,341 | |
| ════ | ════ | ════ |
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BRECKON HILL COMMUNITY ENTERPRISE
NOTES TO THE ACCOUNTS FOR THE PERIOD ENDED 31[ST] JULY 2022
| 10. | MOVEMENTS IN FUNDS | Other | |||||
|---|---|---|---|---|---|---|---|
| Opening | Incoming | Resources | Transfers | Closing | |||
| Balance | Resources | Expended | Balance | ||||
| £ | £ | £ | £ | £ | |||
| Restricted Funds | |||||||
| Tudor Trust | 20,000 | - | - | - | 20,000 | ||
| Ballinger– Manager’s salary | 15,000 | 40,000 | (18,268) | - | 36,732 | ||
| Willian Charity Trust | 6,734 | - | (5,595) | - | 1,139 | ||
| Feast of Fun | 624 | - | (624) | - | - | ||
| Youth Provision | 5,611 | - | (5,611) | - | - | ||
| Refurbishment Grants | 2,496 | - | - | - | 2,496 | ||
| Mercers Trust – Manager’s Salary | 8,543 | - | (8,543) | - | - | ||
| Middlesbrough council Ethio | 470 | - | (470) | - | - | ||
| Middlesbrough council Brereton gardens390 | - | - | - | 390 | |||
| Middlesbrough council HAF 2021 | 14,835 | - | (13,651) | - | 1,184 | ||
| Sport England | 815 | - | (815) | - | - | ||
| Eco shop | 1,717 | 1,200 | (1,400) | - | 1,517 | ||
| Middlesbrough Voluntary payment | - |
4,735 | (4,735) | - | - | ||
| Middlesbrough Council covid grant | - | 7,400 | (7,232) | - | 168 | ||
| Greggs Holding account | - | 200 | (100) | - | 100 | ||
| Awards for All | - | 9,576 | (4,329) | - | 5,247 | ||
| Middlesbrough school of light | - | 1,400 | (750) | - | 650 | ||
| Middlesbrough council Jubilee | - | 1,000 | (690) | - | 310 | ||
| Middlesbrough council together FOF | - |
616 | - | - | 616 | ||
| Middlesbrough council HAF 2022 | - | 17,978 | - | - | 17,978 | ||
| MFC Foundation | - | 427 | (427) | - | - | ||
| Groundworks | - | 1,000 | (1,000) | - | - | ||
| ______ | ______ | ______ | ______ | _____ | |||
| Total Restricted Funds | 77,235 | 85,532 | (74,240) | - | 88,527 | ||
| Unrestricted Funds | |||||||
| General funds | 35,230 | 43,644 | (54,572) | - | 24,302 | ||
| Designated Funds | |||||||
| Salaries | 5,590 | - | - | - | 5,590 | ||
| Reorganisation | 8,922 | - | - | - | 8,922 | ||
| _ | _ | _ | ______ | ______ | |||
| Total Funds | 126,977 | 129,176 | (128,812) | - | 127,341 | ||
| ═════ | ═════ | ═════ | ════ | ════ |
Purposes of Restricted Funds
The Ballinger grant is towards the manager’s salary.
Purpose of Designated Funds
The salaries fund relates to money set aside for payment of the manager’s salary to the extent that it exceeds any funding available for this purpose.
The reorganisation fund has been set aside in the event that the trustees decide that the charity will need to review its mode of operation should funding continue to be difficult to find.
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