##
##
##
|Reference and Administrative
Details|Reference and Administrative
Details||
|---|---|---|
|Trostees' Report||2to 13|
|Independent
Aoditora'|Report|14to 16|
|Statement
of Financial|Activities||
|Statement
of Financial|Activities|18|
|Balance Sheet|||
|Statement of Dash Flovrs||20|
|Notes to the Financial|Statements|21 to 41|
##
##
|Trustees|||||BShepherd.
Company
director
J0 Stokel-Walker,
Company
director|BShepherd.
Company
director
J0 Stokel-Walker,
Company
director|BShepherd.
Company
director
J0 Stokel-Walker,
Company
director|BShepherd.
Company
director
J0 Stokel-Walker,
Company
director|BShepherd.
Company
director
J0 Stokel-Walker,
Company
director||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||C. T. Hewitt,
Company|director|||||||
||||||C M Sayers, Company|director|||||||
||||||C J R Muir lnot a director of the|||charitable|||companyi||
|Secretary|||||A Woods-Waters||||||||
|Key Management||Personnel|||Anthony
Woods-Waters,|Chief Executive|||||||
||||||Heen Holmes,
Head of Operations||||||||
||||||Fiona Hall, Curnculum|Quality|8 Performance|||||Manager|
||||||Reamer Bailey, hleighbourhood|||Transformation||||Team Manager|
||||||Ciaire Brown,
Environmental||IVlainte|||nance|Manager||
|Principal|Office||||Low Yard||||||||
||||||White Street||||||||
||||||Walker||||||||
||||||hlewcastle
upon Tyne||||||||
||||||NE6 3PJ||||||||
|Company|Registration|||Number|06261491||||||||
|Charity Registration|||hlurnber||1125555||||||||
|Solicitors|||||Ward Hadaway||||||||
||||||San dg ate House||||||||
||||||102Quayside||||||||
||||||hlewcastle
upon Tyne||||||||
||||||NE1 3DX||||||||
|Auditor|||||MHA Tait Walker||||||||
||||||Chartered
Accountants|& Statutory|||Auditor||||
||||||Bulman
House||||||||
||||||Regent Centre||||||||
||||||Gosforth||||||||
||||||hlewcastle
upon Tyne||||||||
||||||NE3 3LS||||||||
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|Recognised|Gains|and|Losses)||||
|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total|Total|
||||funds|funds|2020|2019|
|||Note|6||r.|6|
|Income and Endowments||from:|||||
|Donatians
and legacies||4|59.102|446,886|505,988|253.582|
|Charitable
activities||5|195,304||195,304|220,602|
|Investment
income||6|1||||
|Other income||7||||231|
|Total Inca me|||254,407|446,886|70'I,293|474,415|
|Expenditure
on:|||||||
|Raising funds
Charxable
activities|||(56,089)
)145523)|~474934|(56089)
~620457|(45,728)
~511250|
|Total Expenditure
Net income/(expenditure)|||~201,612)
52,795|1474,934)
~28 048|1676.546)
24.747|)5556,878
~82.5631|
|Net movement
in funds|||52,795|(2S.048)|24,747|(82,563)|
|Reconciliation
af|fun ds||||||
|Total funds
brought|forward||~750,840)|28,048|~)32,792|~50,229|
|Total fundscarned|forward|22|(108.045)||~708,045|~732,792|
##
##
|Recognised
|Gains|and Lo|sses)||||
|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Total|
|||||funds|funds|2019|
||||Note|5|5|r.|
|income and Endowments||from:|||||
|Donations
and legacies||||20,077|233,505|253,582|
|Char i tab le acti
v it ias||||220,602||220,602|
|Other income||||231||231|
|Total income||||240,910|233,505|474,415|
|Expenditure
on:|||||||
|Raising funds
Chante ble activities|||8
9|(45,728)
~2BQ,910|~230,340)|(45,728)
~(5i1,250|
|Total expenditure||||~326,B38|230.340|556,978|
|Net fexpenditure)/income||||(85,728)|3,165|82,563|
|Net movement
in funds||||(85,728)|3,165|(82,563)|
|Reconciliation
offunds|||||||
|Total funds brought|forward|||~25.1(2)|24,883|50,229|
|Total funds cerned|forward|||~((00„840|28,()48|132,792)|
##
##
|g
Balance She|et|as|
at 30September 2020||||
|---|---|---|---|---|---|---|
||||||2D2D|2D19|
|||||Note|6|F|
|Fixed assets|||||||
|Tangible assets||||16|50405|27,881|
|Current assets|||||||
|Debtors||||17|121,976|205,548|
|Cash at bank and|in hand||||30777|302|
||||||152.753|205,850|
|Creditors: Amounts||falling dus within one year||18|~)26,548|~156,388|
|hist current assets|||||26.205|49,462|
|Total assets less|current||liabilities||76,610|77,343|
|Creditors: Amounts||falling dus after more than one year||19|~184.655|~210,135)|
|hist liabilities|||||(108.045f|f132,792)|
|Funds ofthe charity;|||||||
|Restricted funds||||||28,048|
|Unrestricted
income||funds|||||
|Unrestricted
funds|||||~)08,045|~)60.840|
|Total funds||||22|~708,045|~)32.792|
##
|Building
Futures East Limited|Building
Futures East Limited||||
|---|---|---|---|---|
|Statement
of Cash Flows for the Year||Ended 30|September|2020|
||||2020|2019|
|||Note|8|8|
|Cash flows from operating
activities|||||
|Net cash income/(expenditure)|||24, '747|(82,563)|
|Adjustments
to cash flows from non-cash|items||||
|Depreciation||11|15,068|17,782|
|Investment
income||6|||
||||39,834|(64,781)|
|Working
capital adjustments|||||
|Decrease/(increase)
in debtors||t7|83,572|(148,567)|
|(Decrease)/iricrease
iri creditors
(Decrease)hncrease
in deferred
income||18
19|(21,582)
~62,295|13,444
171,070|
|Net cash flaws from operabng
activities|||39,526|~725,634|
|Cash flaws from investing
activities|||||
|Interest
receivable
and similar income||6|1||
|Purchase
of tangible
fixed assets||16|(38,337)|(10,380)|
|Sale of tangible
fixed assets|||725|184|
|Net cash flows from investing
acbvities|||~37,677|~40,7961|
|Cash flows from financing
activities|||||
|Repayment
of loans and borrowings
Repayment
of capital element
offinance leases and HP
contracts||19
20|45,000
~4.040|57,400
~4.039|
|Net cash flaws from financing
activities|||40,960|53.361|
|Net increase
in cash and cash equivalents|||42,875|14,331|
|Cash and cash equivalents
at 1 October|||~12,099|~74,029|
|Cash and cash equivalents
at 30 September|||30,777|302|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|4
income|from donations
and|legacies|||||
|---|---|---|---|---|---|---|
|||Unrestricted|||||
|||funds|||||
||||Restricted||Total|Total|
|||General|funds||2020|2019|
||||6||5|5|
|Donations|from individuals|19,207||500|19,707|20,038|
|GiR aid reclaimed||743|||743|39|
|Grants from other chant ice||36,003|446.388||482,389|233,505|
|Gifts in kind||3,149|||3,149||
|||59,102|446,|SSB|505,988|253,5S2|
##
##
|Restricted
Grants|||
|---|---|---|
||2020|2019|
||6|8|
|LA Community
Grant|11,980|19,500|
|Community
Foundation||3,000|
|Weliesley Trust|9,794||
|LNT|106,307||
|DEFRA - WRAP|9,509||
|ESF My Future Matters|4,679||
|CI LD Stitch Sisters|17,823||
|ESIF —BFEBEaT|9,325||
|DBE EO Foundation|2,5DD||
|Lottery Awards for All|9,426||
|BBQ - Wise Steps|156,613|155,036|
|Newcastle
Council - CLLD|26,313|17,315|
|Community
Fund - Women Together|81,917|38,654|
||446,386|233.505|
|Unrestncted
Grants|||
||2020|2819|
||8|r.|
|8aging er Trust|'I 000||
|Good Things Foundation|3000||
|Hadrian
Trust|500||
|Kerbon Homes|1,000||
|Community
Foundation|5,000||
|Newcastle
City Council|11,250||
|Gateshead
Co unwl|5,690||
|Cathenne
Cookson|1,000||
|WIVIRC dRS|7,563||
||36,0D3||
##
|5|Income fro|m charitable
activities||||
|---|---|---|---|---|---|
||||Unrestricted|||
||||funds|||
|||||Total|Total|
||||General|202D|2019|
|||||E|8|
||Environmental|Maintenance|175,725|175,725|201,248|
||NCS Income||10,579|10,579|10,354|
||Partnership|income|9,000|9,000|9,000|
||||195,304|195,304|220,602|
|6|Investment|income||||
|6|Investment
i|n|come|||||||
|---|---|---|---|---|---|---|---|---|---|
||||||Unrestncted|||||
||||||funds|||||
||||||||Tots!|Total||
||||||General||2020|2019||
|Interest receivable|||on bank deposits|||1||||
|7|Other income|||||||||
||||||||Total|Total||
||||||||2020|2019||
|Gains on sale of||tangible||fixed assets for chartty's|own use||||231|
|8|Expenditure|on raising funds||||||||
||||||||Total|Total||
||||||||2D2D|2019||
||||||||8|r.||
|Staff costs|||||||56.089|45,728||
##
##
##
|9
Expe|nditure
on charitable|activities||||
|---|---|---|---|---|---|
|||Unrestricted||||
|||funds||||
||||Restricted|Total|Total|
|||General|funds|2020|2019|
|||8|||6|
|Training|and employment|39,649|474.934|514,583|306,876|
|Sup pcrl|Costs|105,874||105,874|204,374|
|||145,523|474,934|620.457|5'l1,250|
##
|10Analysis
ofgovernance
and supp|10Analysis
ofgovernance
and supp|10Analysis
ofgovernance
and supp|ort costs|ort costs||||
|---|---|---|---|---|---|---|---|
|Support costs allocated to charitable|||activities|||||
||||Govern|an ca|Support|Total|Total|
||||costs||costs|2D20|2019|
||||8||||6|
|Staff costs||||9,321|63,210|72,531|136,928|
|Premises||||958|4,224|5,182|15,965|
|Co mmunicatio|ns||||3,086|3.086|6,334|
|General office||||2,855|8,649|11,504|21,828|
|Finance costs||||773|293|1,066|2,150|
|Travel|||||6,901|6,901|12,625|
|Audit and Accountancy||||3,65t||3,651|3,643|
|Legal and professional||fees||1,953||1,953|4,901|
||||19,511||86 363|105,874|204,374|
|Net incoming|f(outgoing)
resources
for the year includ|e:|||
|---|---|---|---|---|
||||202D|2019|
||||E|5|
|Audit fees|||3,600|3,600|
|Loss on disposal of fixed assets held for the chanty's||own use|722||
|Depreciation|of fixed assets||15,088|17,782|
##
##
##
##
|13Staff coats||||
|---|---|---|---|
|The aggregate|payroll costs were as follows|||
|||2020|2019
f|
|Staff rosts during the year were:||||
|Wages and salanes||506.492|399,424|
|Social security|costs|35,421|29,511|
|Pension casts||8.645|5,328|
|||550.558|434,263|
||||||||2020||2019||
|---|---|---|---|---|---|---|---|---|---|---|
||||||||No||Na||
|Training||and|employment|||||11|||
|Envira|me|otal|services|||||8|||
|Central||services||||||4|||
|||||||||23||20|
|The|number||of employees|whose emoluments|fell within|the following|bands was.||||
||||||||2020||2019||
||||||||No||Na||
##
||||2020|2019|
|---|---|---|---|---|
|||||5|
|Audit of the financial||statements|3,600|3,600|
|All other non-audit|services||51|43|
||||3,651||
##
##
##
##
|16Tangible fixe|d assets||||
|---|---|---|---|---|
|||Furniture|||
|||and|Motor||
|||equipment|vehicles|Totaf|
||||8||
|Cost|||||
|At 1 October 2019||184,551|46,402|210,953|
|Additions
Disposats||35537
(2.650l|2,800|38,337
~2,5507|
|At 30 September|2020|197,438|49,202|246,640|
|Depreciation|||||
|At 1 October 2019||145,509|37,563|183,072|
|Charge for the year
Eliminated
on dispos ala||9,380
~1,925|5,708|15,088
~77.925|
|At 30 September|2020|152,964|43,271|196,235|
|Net book value|||||
|At 30 September|2020|44.474|5,931|50,405|
|At 30 September|2019|19,012|8,839|27,881|
##
##
##
|||2020|2018|
|---|---|---|---|
|||5|8|
|Trade debtors||7.583|29.278|
|P repayments||3,057|3.120|
|Acrrued|income|111,336|173150|
|||121 576|205 566|
##
|18Creditors:|amo|unts
falling d|ue within one year|||
|---|---|---|---|---|---|
|||||2020|2018|
||||||8|
|Bank overdrafts|||||12.400|
|Trade creditors||||3,130|2.095|
|Hire purchase|and|finance leases||4,040|4,040|
|Other taxation|and|social secunty||23,455|31.403|
|VAT repayable||||13,032|18.651|
|Other creditors||||2,260|5,181|
|Accruals||||4,158|10,287|
|Deferred income||||76,473|72,331|
|||||126,548|156,388|
|||||2020|2019|
|||||r||
|Deferred income at 1 October 2019||||171,070||
|Resources deferred
Amounts
released||in the pened
from previous|periods|108,772
~777,070|171,070|
|Deferred income at year end||||108,772|171,070|
##
##
##
##
|19Creditors. '|amounts
falling due after one year|||
|---|---|---|---|
|||2020|2D19|
|||r.||
|Other loans||150,000|105.000|
|Hire purchase|and finance leases|2,356|6,398|
|Deferred income||32,299|98,739|
|||184,655|210,135|
##
|The total value offuture
minimum
lease paymen|ts
was as follows.||
|---|---|---|
||2020f|2D19f|
|Within one year|4,040|4,040|
|In two to five years|2,356|6,396|
||6,396|10,436|
##
|Total future
minimum
lease payments
under no|n-cancellable
operating
leases are as foll|ows|
|---|---|---|
||2020f|2019
f|
|Other|||
|Within one year|52,447|52,695|
|ln two to five years|18,323|70,770|
||7D,770|123,665|
##
##
##
##
|22 Funds|||||||
|---|---|---|---|---|---|---|
|||||||Balance at|
|||||||30|
|||Balance at 1||Incoming|Resources|September|
|||October|2D19|resources|expended|2620|
|||6||||6|
|Unrestricted
funds|||||||
|General|||||||
|General fund||(160,840)||254407|(201,612)|(108,045)|
|Restricted funds|||||||
|LA Community|Grant|||11,980|(11,980)||
|LNT||||106.307|(106,307)||
|DEFRA - WRAP||||9,509|(9,5D9)||
|ESF My Future|Matters|||4,679|(4,679)||
|CLLD Stitch Sisters||||17,823|(17,823)||
|ESIF —BFEBEaT||||9,325|(9,325)||
|QBE EO Foundation||||2,500|(2,500)||
|Lottery Awards|for All|||9,426|(9,426l||
|Welles lay Trust||20,022||9,794|(29,816)||
|BBOWise Steps
Newcastle
City Coun c)l —CLLD
Community
Fund - Women
Together
Total restricted funds||8,026
28,048||156,813
26,813
81,917
446,886|(156,813)
(34.S39l
(81.917)
~474 934l.||
|Total funds||1132,792)||701,293|~676,546|~1)08,045|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|||||Total funds|
|---|---|---|---|---|
||||Unrestricted|at 30|
||||funds|September|
||||General|2020|
|||||f.|
|Tangible|fixed assets||50,405|50,405|
|Net current assets/(liabilities)
Creditors
over 1 year|||26,205
~784,655|26,205
(184,655)|
|Total net|assets||108,045|(108,045|
|||||Total funds|
|||Unrestricted||at 30|
|||funds|Restricted|September|
|||General|funds|2018|
|||6|6|5|
|Tangible|fixed assets|27,881||27,881|
|Net current
assets/(liabilities)
Creditors
over 1 year
Total net assets||(77,325)
~74),396
~160.il40)|126,787
~98,739
28,048|48,462
~210,135
~132,792|
##
##
|24 Analysis of net funds||||||
|---|---|---|---|---|---|
||||||At 30|
||At 1 October|||Capital|September|
||2019|Cash|flow|Advanced|2020|
||E|||E|E|
|Cash at bank and in hand|302|18075|||30,777|
|Bank overdraft|(12.400)|12,400||||
||(12.098)|30475|||30,777|
|Debt due after more than one year|(105,000)|||(45,000)|(150000)|
|Finance )eases and hire purchase||||||
|contracts|(10,436)||4,040||(6,396)|
|Net debt|(127,534)|34,515||(45,000)|(125.619)|
||||||At 30|
||At 1 October
2018|Cash|flow|Capital
Advanced|September
2019|
||r.|r.||E|E|
|Cash at bank and in hand|74||228||302|
|Bank overdraft|(')4,103)||1,703||(12,400)|
||(14,029)||1,931||(12,098)|
|Debt due within one year|(456)||456|||
|Debt due after more than one year|(60,000)|||(45,000)|(105,000)|
|Finance leases and hire purchase||||||
|contracts|(14,475)||4,039||(10,436)|
|Net debt|(S8,960)||6,426|(45,000)|(127,534)|
##
##
##
##
##
##