vwiuaB￿[th Rd JsC￿LN￿ 28 kn 2tQ3 15fj7"428STiufc +11 D2fJp 1 Ccthpany registrati￿ number. 06261491 Chanty registrat￿ number.. 1125555 BUILDING FUTURES EAST LIMITED (A company limited by guararrteel Annual Rewrt and Financial Statements for the Year Ended 30 September 2022 vwiuaB￿[th Rd JsC￿LN￿ 28 kn 2tQ3 15fj7"428STiufc +11 D2rJp Building Futures East Limited Contents Referen￿ and Administrative DetaiLs Trustees. Rewrt 2to9 Independent Examinerfs Re￿t 10 statement of Finan￿al Acbvrti statement of Fina￿al Activities 12 Balance Sheet 13 Statement of Cash Flow5 14 Notes to the Fina￿al Statements 15to34 vwiuaB￿[th Rd JsC￿LN￿ 28 kn 2tQ3 15fj7"428STiufc +11 D2rJps Building Futures East Limited Reference and Administrative Details Trustees B Str￿Pherd C M Sayers D A Tumell (appointed 24 March 2023) E Callender laFpointed 12 May 20231 Dr E Barron {appointed 12 May 2023} p J stoner lapFX)inted 24 March 20231 H Woxls-waters (appointed 10 February 2023) C T Hewtt (resigned 17 December 20211 C J R Muir (not a director of the charitable ccffipanyl (resigned 26 September 20221 J D Slokel-walker (resigned 13 February 2023) R J Buits (appointed 8 April 2022 and resIgr￿d 26 September 2022} M I WCKXJ lapwnted 8 hw"1 2022 and re51gned 23 September 2022) Regislered Office Low Yard White Street Walker Newcastle Up￿ T5ffte NE6 3PJ Company Registration Number 06261491 Charity Regislration Number 1125555 Solicnors: Ward Hadaway Sandgate House 102 Quayside Newcastle Tyne NE1 3DX Independent Exarniner Chartered ACc￿ntants & Statutory Auditor 8ulman House Regent Centre Gosforth Newcastle Tyne NE3 3LS Key Management Personnel Anthony Woods.Waters. Chief ExecutNe - Retrred 31112r2022 Helen Holmes, Head of Operations and apwinted Chief Executive on 01101r2023 FK)na Hall, Curriculum Qualfy & Performance Manager Reemer Bailey, NeKJhbourhcxrfl TransfcffllatK￿ Team Manager- resigned 10112r2021 Claire Brown, En￿r￿mental Maintenance Manager- resigned 22KHtt022 cha Stotrdley. Neighb￿￿h¢th Transfomation Team manager. apkYJinted 16105r2022 vwiuaB￿[th Rd JsC￿LN￿ 28 kn 2tQ3 15fj7"428STiufc +11 D2fJp4 Building Futures East Limited Trustees. Report The trustees. who are director5 for the purFK>se5 of company law. present the annual report together wrth the financial statements of the charilable company for the year ended 30 September 2022. Structure. govemanee and manaymenl Nature of govemlng document The charitable company is registered as a tharilable company limited by guarantee. The charitable company is constituted under a MemorarKlum of Assouation dated 27 May 2007 a5 amended on 23 June 2LN18 and is a registered chaiity number 1125555. The priwpal object of the charitable CL￿panY is the promotion of the F>ublic benefft of urban or rural regeneration in areas of social and ecorKymic tyivakn {and in particular in the East end of NeWCaS￿e upon Tyne). The charilable company also a member of 'L(xaiity the UKS leading netswrk for community-led organisations. Recruitment and appoinbnent of trustees The management of the charilable company is the respon￿bilty of the trustees who are elected aryl ctropted under the temis of the Articles of kn￿latiOn. Articles of As￿)elatiOn make provision for "Associate" members have the entrdement to attendance and representakn'on but without the right to vote. All directors of the charitable company are also trustees under the Charitses Act 2011. Trustees may be nominated C￿ the bas￿ of personal values and a motivation consistent Nmth those of the organisation. Trustees are appointed for a periL*J of three years at vthich wint Ihey musl retire or stand for re-appointment as described in the Artides of ASsC¢iat￿. Inducuon and tralnlng of twstees New trustees receive an iNJuction. vA)ith indudes a briefing on their legal obligations under charity and company law. the Memorandum and A￿cleS of A$￿)CiatiOn, the committee and deasion making processes, the business plan. accounts, minutes of recent trustee meetings and a schedule of future Oryantsatlonal strnctu The organisation operates along cOnvent￿al lines wih management and team meetings at all levels. These then infomi the decision making prc<*ss. in athJitKrf). to the feeding in of extemal information from partner organi5ations and service users. There are also thematic meetings of staff arKI management to SUPF*Nt such i%sues as Health and Safety and Continuous Quality lrnprovement. These also make important contributions to policy and practice devekynent vwiuaB￿[th Rd JsC￿LN￿ 28 kn 2tQ3 15fj7"428STiufc +11 D2rJp Building Futures East Limited Trustees. Report Risk Ma￿a￿Ment The trustees have assessed the mai¢x rtsks to the tharitatrAe company is exposed. in particular those related to the operations and finances of the charttable ccmpany and are satisfied that systems and procedures are in place to mibgate our exKK>swe to the major risks. Objectives and aclivities Objects and aiTms In setting objectives and planning for activibes, the trustees have gNen due consideration to the general guidance wblished by the Charity c0mmtssic￿ relating to the public tenefit of the charity. A comprehensive and regularly updated set of p￿￿eS and guidelines supporbng the organisation's responsibilttie5 as charity. employer. training organisation and scKial enterprise have been formulated and published. Deltvery activities address the organisations values. oL¥'ectives and organisational targets and are underpinned by our policy and practice directives. Much of thi5 information is placed in the public domain via our website. The organisation has also increased its use of social rnedia platfomis to communicate with its audience on a range of relat￿ issues. The Trustees and Sen￿r Management Team have prev￿ agreed a set of organisational aims and objectives that cary us forward to 202>24 as folhm: Strategios for achieving objectives We conkn.nue to adhere to 3 primary and equalty important Organ￿a￿onal aims: 1. Within a caring. understanding and tolerant envircfflment. developing people through leaming. skills develowent. personal capa(xty L￿11￿l￿g arKI pastoral supwL 2. To improve the qualty of the local physi(al environment. ensuriThJ that peOe living in disadvantaged neighbourhoc(Is have attractive ￿CeS in vthich to INe. 3. StrNe to integrate the marginalised and VUIr￿able and tFN)se at times of transition thr(wh prcorammes that respect and respond to their needs and the ￿￿der communfy. vwiuaB￿[th Rd JsC￿LN￿ 28 kn 2tQ3 15fj7"428STiufc +11 D2rJpe Building Futures East Limited Trustees. Report These are underpinned by 3 separate arklitKw￿ aims: a) To arb"culate and advance the social and econNnic case for investment in fragile places through prackn.cal programme design and implementh.on wthin aims 1-3. b) To deveky the capacity of the organisakn and rb Feople to knlilate aims 1.3. c) To deveky Buildiro Futures East as an exemplar (KganISat￿ in (£rfnmunty regeneration. What is dear is that the woth undertaken across c4Jr teams Operational￿ and. more specfficalty. strategically. during the course of this year 2021-22. provKles the foundation for future advancement in.. . Increased Fnanaal Statmllty PartneT5hip Development . servi￿ Expansion and Diver5ty . Augmented Reputational Advantage . Organisational Influence This follows a pattem established in our eaty deveh¥ment arourKI: . The corstant drwe for qualty improvement and maintaining Ihe highest standards in delrvery across all areas of servi . Adherence to Missi￿, and values . Tuned into opportunty, the realrty of need as exwessed by our communllies and the (Yeative ability to honesty and ￿th ￿lity. u)nnect the The activitses of the organisation undertaken durirg the c￿TSe of the year and which are described within this d(￿ment ewdence our progress agairtst aims aThJ objectives and those points described a￿Ve. Fundraising disclosures We have a clear strategy in rdation to the funding of ￿r emplO￿bIl￿. communty regeneration and labour market programmes through a mix of grant aid. charilabk support and contract wot1(. DurirKJ the course of this year. we have increased the volume of Charitab￿ fundraising applications as a result Lx)th of the impact of the ￿ntinUI1Vj squeeze on available public funding and the need to increase our levels of unrestricted reserves. We have vthed not onty to increase intemal capacrty to enable us to Submit greater volumes of bid5. but also increased our use of socrdl media and varied digital crowdfunding kqatforrns in order to raise our profile and consequential donations in support of our work. We are working dosefy a marketing professK)nal to rewew our current systems and develop approache5 that yield maximum reward5 for us. This fundrai￿ng strategy understands and resp￿d5 to the fact that large Scale grants continue to limited and highty competiti've and our foujs therefLYe, whKh has dernonstra>le success. ha5 been to prepare applicab.ons on a smaller scale to a larger number of funders. The charity is required to report how rt deals with fundraising frcwn the public. The chanty does not use a professional Yundraiser or commercial parb"upator to raise funds. Any monies raised direct from the public folk)w all guidelines set out by the Charty Commission UK law in every respect. We respect the pnvacy and contact Preferen￿ of all public donors. vwiuaB￿[th Rd JsC￿LN￿ 28 kn 2tQ3 15fj7"428STiufc +11 D2fJp7 Building Futures East Limited Trustees. Report Achievernents and perforrnance This year has again ￿￿essed increasing demaThl for our services and suprrt)rt. as a result of the heightened inequalibes ewdenced ￿￿t covid lockdovms, alongside the crippling effect5 experienced as a direct consequence of increases to the cost of liwng. of which have had disproportionate impact upon our most deprtved communities. Through(xrt the year, the organisation cont.nued to main&"n a r￿Or￿ approach to infeth.on control measures. particulaty once all government and wblic health restn"ctions were lrfted. This enab￿ us to ensure safe. continuous Servi￿ ddivery arKI SUPF¥yI throughout year. Some Key Points of success are: Success in our delNery of the BuIldi￿j Better OpFQrtunttses IBBO) Prc#Jramme, wth contract dolivory onding in Docombor 22 and our CTOdibilty ￿tabliSh•d as ono of tho hIgh￿t perfom)ing delivery partners on the prcKJramme . Closedown of delivery on our 2 Communty Led Lc￿1 Development (CLLD) funded employability projects - BEaT (Build. EmkW aThJ Transfoml aThJ Sew Sisters, again wth t()th hitting agre&l Ferfonnance targets and oulpuls . Seeing our Liftsng NeIgh￿Urhc0￿S Together (￿> prqect continue to estatlish itself as an anchor project wthin Walker through dcor kn(￿kIr￿j and Istening conversations on the doorstep to establish th individual and communtty needs and a¥X[at￿ns. thereby facilitating oppxxtunilies to help meet these needs . suc￿Sful delivery of targets on our DWP European Social Fund (ESF} fijnded My Future Matters project, demonstrating both intemalty and extemalfy to funders that we are able to manage the rvJours of a substants.al contrad directy in our own nght compleb.on in April 22 of our 3 year East End Wc¥nen projec( funded by the National Lottery Communty Fund 'RC North East and Cumbria Regwjn,. Nthere V￿ were able to directly ewdence support for over 3650 women during the lrfe of the prcyect All other programme delivery cont.nued ￿aMIcal￿ and effecw thr0￿h0Lrt the year wrth our delivery teams consistenty meeting or exceediry tar￿ted delivery levels. Our food suprth ¢)ffer (x)ntinues to be ne￿Sary as we strve to respond to the prevailing need expressed by so many wthin the communrties we serve. What was established as a short tenn intervention during inth'al cowd kKkdovms, has bec(￿e a rrtessary lifeline for tCK) many residents Walker and Bvrfer. During the year we also noted increased requests ￿t just for fcc(l. but also for Fersonal hygiene projucts. nappies and pet fcxKI. In the 12 months to September 22. we h￿4 supwrted a total of 2413 aduhs from across the East Ernl of Newcastle and 1719 children with focn in the year, have considered who the Key Management Personnel (KMPI of the charity. as noted in the Reference aNJ AdministratN)n section. ToxJether ￿￿th the board. these KMP are those in charge of directing aNJ controlling. running and oper3tir¥J the acbvikne5 of the charity on a day to day basis. The pay of thè KMP is rewewed annually and nomially increased in aC￿rdance with average eamings. The trustees benchmark against pay levds of other chariti.es and similar organisations wrlhin the sector and the region. Pay levels are set using this informat.on logether wth the budget and forecast infomiation, ensuring that the chanty can afford any proF4)sed increases. The board then agree any uplift to remuneration. vwiuaB￿[th Rd JsC￿LN￿ 28 kn 2tQ3 15fj7"428STiufc +11 D2fJp 1( Building Futures East Limited Trustees. Report PrinciTpal funding sources The majority of the charitable companys fU￿111￿j is throLh3h contracts and grants with local and central vemment. grant making organisati￿$ and regtstered provKlers of swal housing. These then relate to the delivery of curriculum activity. c£rfnmunty ¢ap• t￿lId￿0 or the F￿vIS￿￿ of enVirC￿rnentaI maintenance services. Plans for futur? pwiods Next year wll then start tse this star ended arKI irKJeed ccyrtinued the previous year. as.. . An organisation leading the way in creatswty in sc¢ial action around poverty. . An organisation unafraid of challenging the limitatscffis placed UkN)n our communf(ies by unambitious and siloed thinking and practice tha( where grovrth ean bè wtsyuced. pèrpetuatès the dwisivè model of the"haves" and the "have nots". . A thinking organisation. embedded wthin the L￿mMUnitIeS il seThes and ￿ the basis of Nthat it does. . AJ) organisation that th honesty. integrity and openness. can ewdence ￿t it does. . An organisation that is ambibou5 for the success ts communibes. Statement of TTuslees' Responsibilities The trustees Iwho are also the directors of Buikding Fuiures East Limrted for the purposes of company law} are responsible for preparing the trustees. rewt and the finanaal statements in accordance wrth the Unrted Kingdom Accounting Standards {Uniied lQ"ngdom Generalty Accepted Accounb"ng Practice) and applicable law and regulations. The rep)rt and accounts have been prepared in accordance wrth the provisions in the Companies Act 2006 relating to small companies. Cornpany law require5 the trustees to prepare financial Statements for each financial year. Under cDmpany law the trustees must not approve the financial 5Litements unles5 they are satisfRd that they give a true and fair wew of the state of affair5 of the charrtable company and of its incoming resources and application of resources. includirKJ rts income arKI experKliiure, for that periixl. In preparing these financial statements, the trustees are required to: select suitable accounting kxlicies and aprt¥ them eonststenty. observe Ihe methods and prin￿pIeS in the Charities SORP" make judgements and estimates that are reasonable and wudent state whether applicab￿ UK Acc(wnting StaThJards have been followed. subject to any material departures disclosed and explained in the finan¢ial statements: and prepare the financial statements on the going concem basis unless rt is inappropriate to presume that the charitable company will cont.nue in busness. The trustees are reskX)nsible for keeping adequate accc4JntiTrJ recc*ts that are sufficient to show aNJ explain the charitsble companls transactions and disdose reasonable accuracy at any time the rinancial posrtion of the charttable company and enable thern to ensure that the financial staternents comply wth the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hen￿ for taking reasona￿ steps for the prevention and detection of fraud and other irregularrti"es. Small companios provision stat•m•nt This report has t*en prepared in aceC￿￿nCe vth Ihe ￿nall companies regime under the Companies Act 2006. vwiuaB￿[th Rd JsC￿LN￿ 28 kn 2tQ3 15fj7"428STiufc +11 D2fJp 111 Building Futures East Limited Trustees. Report Reappointrnent of Examrnets A resolution for the re-appointment of Simon Bro1￿ of A2ets Audit Services as independent examiner 15 to be proposed at the forthcoming Annual General MeetiThJ. The annual report was approved by the trustees of the charity on 2Wrf)J2Q￿.... arnl signed on its behaW by. rthnSw5￿J￿2ll2jl￿F￿￿rII￿c•I) C M Sayers Trustee vwiuaB￿[th Rd JsC￿LN￿ 28 kn 2tQ3 15fj7"428STiufc +11 D2fJp 1Y Building Futures East Limited Independent Examiner's Report to the trustees of Building Futures East Limited ("the compan￿.) I reFX)rt to the charity trustees on my examination of the acc*)unts of the Company for the year ended 30 September 2022. Responsibilities and basis of report As the charity's trustees of the Cornpany land its director5 for the pL￿pOSe5 of company law) yiju are responsible for the preparation of the accounts in accordan￿ with the requirements of the Companies Act 20￿ ltthe 2C#)6 Ad). Having sa"sr￿d myself that the accounts of Buikling Futures East Limrted are not required to be audited under Part 16 of the 2006 Act and are eligi￿e for indeF￿￿lent examination, I reFXIrt in respect of my examinat￿ of your charl￿5 aco)unts as Carried out under section 145 of the Charrlies Act 2011 Ilhe 2011 Act,). In caryng out my examinati￿ I have fc4lowed the Direc*K￿$ given by the Charty Commission under section 14515Mb) of the 2011 Act. Independent examiner's statement Since the Compan￿5 gross income exceeded £2￿1.0[￿) JDur examiner must be a member of a bo listed in section 145 of the 2011 Act. I conffim that l am qualIf￿d to undertake the examination because l am a member of Azets. vthich ts one of the listed bc#1￿. I have completed my examination. I conffim that rtr) malters have come to my attention in connection with the examination giwng me cause to beI￿ve." 1. accounting records were not kept in respect of BuildirKJ Futures East Limited as required by section 386 of the 2006 Act: or 2. the accounts (b not amyd wilh those re￿d5', or 3. the accounts do not cornp￿ the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a Irue ar￿ fair view which is not a matter considered as part of an i￿￿rKIent examinath)n" or 4. the accounts have not been prepared in accordance ￿￿th the methcxjs and prin￿pIeS of the Statement of Recommended Practice for accounting and reporting by charities lapplicable to charities preparing their accounts in accordance ￿￿th the Financial Reporting Standard applicable in the UK and Republic of IrelaThJ (FRS 102)]. I have no concems and have come across olher mattws in ¢C￿r￿ wth the examination to which attention should be dravm in this repxt wi order to enable a proper understanding of the accounts to be reached. Simon Brown BA ACA DC Chartered Accountants & Statutory Audrtor h2ets Audit Services Bulman House Regent Centre Gosforth Ne￿a$￿e upjn Tyne NE3 3LS 281612023 Dale=............................. 10 vwiuaB￿[th Rd JsC￿LN￿ 28 kn 2tQ3 15fj7"428STiufc +11 D2fJp 1 Building Futures East Limited statement of Financial Activities for the Year Ended 30 September 2022 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses) Total 2022 Total 2021 Unrestricted Restricted Income and Endowments from: Donations and legacies ChartiaL￿e acti￿ties Investment income Other income 47,215 110.2 561,102 608,317 110.256 703,935 242.077 400 2,(*2 Total Income 157,871 561,102 718,973 948,075 Expenditure on: Raising funds Chartiable ac￿￿tieS {70.764) {59.077) (70,764) 1609,286) 181,0801 (836.9011 {550,209) Total Expendiiure 1129,8411 (550.209) 1680,050 1917,981 Nel income Transfers be￿en funds 28,030 10.893 15,560) 38.923 Nel movement in funds 33.5 38.923 Reconciliation of fun(Is Total funds brought forward 83,511 77,951 108,045 Total fvnds carried forward {49.921) 10.893 (39.028) (77.951) All of the chanty's acbvrties derNe from continuiThJ Operat￿￿￿ during tt)e ab)ve Per￿19. The fund5 breakdo￿ for 2021 is Sho￿ in note 23. 11 vwiuaB￿[th Rd JsC￿LN￿ 28 kn 2tQ3 15fj7"428STiufc +11 D2fJp 1 Building Futures East Limited Comparative Statement of Financial Activities for the Year Ended 30 September 2021 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses) Total 2021 Unrestricted Restrictod Nots Income and Endowments from: Donations and legacies ChartiaL￿e acti￿ties Investment income Other income 129,475 242.077 574,460 703,935 242.077 2.062 2,(*2 Total in(￿)e 373,615 574,460 948,075 Expenditure on: Raising funds Chartiable ac￿￿tieS 181.080) (268,001) 181,080} (836.9011 1568,900) Total expendrture (349.081} 1568,900 1917,981 Nel income 24,534 5.560 Nel movement in funds 24,534 Reconciliation of funds Total funds brought forward (108.045) 1108,0451 Total funds carried forward (83.511) 5.560 177.951) 12 vwiuaB￿[th Rd JsC￿LN￿ 28 kn 2tQ3 15fj7"428STiufc +11 D2fJp 1 Building Futures East Limited (Registration number: 06261491) Balance Sheet as at 30 September 2022 2022 2021 Fixed assets Tangible assets 16 73,075 104,084 Current assets Debtors Cash at bank a￿1 in hand 17 18 85.615 10,455 142.816 22,776 96.070 120,040 Cr•ditors: Amounts falling du• within on• y•ar 19 1133.001) (277.2841 Net current liabilities {36.9311 {157.2441 Total assets less Curre￿ liabilitie5 36.144 153.160) Creditors: Amounts falling due after rnore than one year 20 {75,172 24,791 Net liabilities {39.0281 177,951) Funds of the charity: Restricted income fund5 Restricted fijnds 23 10.893 5.560 Unrostriclod incom• funds Unrestricted funds {49.9211 {39,028 183.511) 177,951 Total funds 23 FC￿ the financial year ending 30 September 2022 the charity Wds entitled to exempl￿ from audf( under section 477 of the Companies Aci 2(1)6 relalirNJ to small companies. Directors. responsibilrties.. The members have not required the charity kj obtain an audit of rts accounts for the year in question in accordance with seckn.on 476; and The directors acknchyledge their resF*Mibiltlies for &)mthng NMlh the requirements of the Act respect to accounting records and the preparat￿￿ of aecounts. These fiTran￿al statements have been prepared in accordance the special provisions relatiw to companies subject to the small companies regime'•Athin Part 15 of the Companies Act 2006. The finan￿al statements on pages 11 to 34 were aFvoved by the trustees, and authorised for issue on 28it&12023... and signed on their behalf by. C M Sayers Trustee 13 vwiuaB￿[th Rd JsC￿LN￿ 28 kn 2tQ3 15fj7"428STiufc +11 D2fJp le Building Futures East Limited statement of Cash Flows for the Year Ended 30 September 2022 2022 2021 Nole Cash flows from oporating activilios Net cash income 38.923 Adjustments to cash flows from non￿Sh items Depreciation Investment income 15 31,614 27,036 {1) 57.129 70.537 Working capital adjustments Decrea5el{increa5e) in debtot5 Increase in creditors Decrease in deferred income 17 19 20 57.201 40.717 (34.7131 120,840) 36,631 (74.059) Net Cash flows from operating activrties 133.742 {1.139) Cash flows frorn investing activities Interest receivable and similar income Purchase of tangible fixed assets Sale of tangible fixed assets 16 (2,4711 1.866 180,715) Net cash flow5 from investing acts 16051 180.714) Cash flow5 frorn financin9 activities Repayment of loans and borrowngs Repayment of cawtsl element of finance ￿e5 aThJ HP ¢￿traCtS 20 {90.0￿) 21 9.906 28,300 Nel cash flo￿ frc¥n ffinancing activibes 99.906 28,300 Nel increasel{decrease) in cash and cash equivalents 33.231 153.553) 30,777 122,776) Cash and cash equivalents at 1 October 22,776 Cash arnl cash equivalents at 30 September 10.455 All of the cash flows are derived from (#￿tinU1￿ ryerakns during the a￿ve periods. 14 vwiuaB￿[th Rd JsC￿LN￿ 28 kn 2tQ3 15fj7"428STiufc +11 D2fJp 171 Building Futures East Limited Notes to the Financial Statements for the Year Ended 30 September 2022 1 Charity status The charity is limited by guarantee. InC￿￿ated in England and wa￿5, and consequenuy does not have share capital. Each of the trustees is liable b t>)ntit)ute an aTr￿Unt Mt exceeding £1 towards the assets of the charity in the event of IK4uKJation. The address of registered office is.. Low Yard, Whrte Street. Walker. Newcastle UFK>n Tyne. NE6 3PJ 2 Accounting policies Surnmary of significant accounting policies and key accounting estimates The prinapal accounting K￿lcaeS applied in the preparation of these financial statements are set out below. These F)ndibons that require a level of perfomance by the charity before the Chartty is entiued to the funds, the income is deferred and not recognised until either those condrbons are fully met. or the fuffilment of those corKlitions is stholfy within the control of the charity and it is F￿0bab￿ that these Condibor￿ will be fuffilled in the re￿￿tIng pericd. Grants recelvable Grants are recognised the charity has an entiuement to the funds and any conditions linked to the grants have ￿en met. Where perfomiance ¢(￿ditionS are attached to the grant and are yet to be met, the income is re¢L￿1$ed as a Ikibilty and induded on Ihe balance sheet as deferred income to be released. Government grnnts Income from govemment. whether 'capitaf grants or 'revenue' grants. is recojnised ￿en the chartty has entillemenl to the funds. any perfomance condrtths attached to the grants have been met. it is probable that the income will be received arKJ Ihe amount can be measured reliably and is not deferred. 16 vwiuaB￿[th Rd JsC￿LN￿ 28 kn 2tQ3 15fj7"428STiufc +11 D2fJp 1 Building Futures East Limited Notes to the Financial Statements for the Year Ended 30 September 2022 Defe￿ Income Deferred income represents amounts received for future periods and is released to incoming resources in the perDJ for Nthich. it has been received. Such income is r)nly deferred thn". - The donor specifies that the grant or dC￿tion must onty LE used in fijiure accounting periods., or - The dorwjr has imposed conditions sthich mLLSt be met before the charity has unconditional entitlemenL Gifts in kind Where items are promded to Ihe charrty as a donation that wjuhd nomialty te purchased from our suppllers, thls benem Is Included In the Ilnanua statements at falr value unless Ifs falr value cannot be realiabty measured, then at the cost to the donor or Ihe resa￿ value of 9)ods that are to be s(Ad. Donated servi￿$ and facililies Where seNces or facilrti.es are prO￿ded to the charity as a donats.on that would nomialty be purchased from our suppliers. this benefft is incbjded in the finanaal statements at it's fair value unless iys fair value cannot be realiabty measured. then at the cost to the donor or the resale value of gcrt*$ that are to be sokj. Charitable activities Income from contracts for the suppty of serwces is recognised wth the delrvery of the contracted semce. This is classrfied as unrestricted fijnds unless there is a contractual requirement for it to be spent on a parb"cular purpose and retumed rf unspent, in vthich case rt may be regarded as restricted. Expendituro All expendrture is recognised c￿ce there is a legal (ff (x)nstructNe obligation to that expendrture. rt is probable settlement is required and the amount can be measured reliabty. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis ￿nsIstenI wth the use of resources. with central staff costs allc¢a*d C￿ the basis of time spent. and dePre￿al￿On charges allocated on the portion of the asset's use. Other SUPFQrt costs are allocated based on the spKead of staff costs. All resources expended are indusive of irrec0ve￿Ie VAT. Ratslng funds These are costs incurred in attracting voluntary income. tr￿ management of invesknents and those incurred in trading aclivtties that raise fuThJs. Choiytsble activit￿e$ CharitatAe expenditure (x)mwises ttThe c£6ts ncurred by the thartty in the delivery of its activities and services for ils beneficiaries. It includes Ix)th (x)sts that can be alk¢ated dIreC￿Y to such activit and those costs of an indirect nature necessary to supFKxt them. Support costs Support costs indude central fijnctions and have been alkxated to aCti￿ty cost categories a basi5 consistent wrth the use of resources, for exaMI￿e, allocat.ng proFety costs by 1k￿)r areas, or per ¢apita. stsff costs by the time spent and ots costs by thw"r usage. 17 vwiuaB￿[th Rd JsC￿LN￿ 28 kn 2tQ3 15fj7"428STiufc +11 D2fJp2( Building Futures East Limited Notes to the Financial Statements for the Year Ended 30 September 2022 Governance costs These indude the costs attributable to the cha￿S Complian￿ C￿sIrtLrt￿)naI statutory requirements. indudry aLKlri strategic management and trustees's meetings and reimbursed expenses. Taxation The charity is considered to pass the tests set cart n ParagraFA1 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charrtable company for UK corporation tax purposes. Accordingty, the chanty is potenb.alty exempt frcm taxakn in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Secti 256 of the Taxat"on of Chargeable Gains Act 1992. to the extent that such income or gains are applied exclusivety to charrtable purposes. Tangible fixed assets Individual fixed assets costing £100.CKI or more are nitialty re￿)rded at o)sL Depreciation and amortisation Depreciatson is Pfowded on tsngible fixed assets so as to write off the cost or valuation. less any esb'rnated residual val￿, over their expected usefLA e¢L￿0m1¢ lrfe as follows" Asset class Fixtures & Fittings Motor Vehicles Equipment Trade debtors Trade debtors are amowts due from cu5tomer5 for merchandise sold or Servi￿ perfomied in the ordinary course of business. Dep￿latIon method and rate 20% straight line 25% straight line 25% straight line Trade debtors are recc*Jnised inrtiaty at the transxkn pri￿. Ttrw are subsequenty measured at amortised cost using the effective interest metho¢ less Provis￿ for impaimient. A provision for the impairment of trade debtors is established when there is objethe emdence that the charty will not be able to collect all amounts due accordirvJ to the oryinal temis of Ihe recewables. Cash and cash oquivalonts Cash and cash equivalents comprise cash on h￿d and call deposits. and other short-term high liquid investsments that are readity conveTtibk to a krK>wn amount of cash and are subject to an insignificant risk of change in value. 18 vwiuaB￿[th Rd JsC￿LN￿ 28 kn 2tQ3 15fj7"428STiufc +11 D2fJp21r Building Futures East Limited Notes to the Financial Statements for the Year Ended 30 September 2022 Trade creditors Trade creditors are obligat.ons to pay for gcojs CT services that have teen acquired in the ordinary course of business from SUPFdiers. Ace￿jnts pay￿￿ are dassrfied as current liabilities if the charty d￿5 not have an unconditronal right at the end of the rerxyting period. to defer setuement of the creditor for at least Iwelve months after the reporting date. If there is an uncondf(ional right to defer setuement for at least fv￿ve months after the repxting date. tw are wesented as non-current liabilities. Trade creditors are recL)Jnised iniknally at Ihe 1ransth and subsequenly measured at amortised c05t ￿ng the effective interest method. Borrowings Interesl-bearirvJ torrowngs are inibalty reC￿ded at fair value, net of transaction costs. Interesl-bearirvJ borrowngs are subsequentty carned at amortised cost. vthh the drfterence be￿n the proceeds, net of transact.on costs, and the amount due on redemption being recognised as a charge lo the Statement of Financial Athibes overthe Feriod of the relevant borrowng. Interest expense is reccgnised on the basis of the effective iiterest methcKI and is induded in interest payable and similar charges. Borrowings are (4assified as current liabilities Un￿ the charity has an uTh￿ndit￿ffia1 rigm to defer setuement of the liatrHIty for at tht tr¥elve monlhs after the reFxxtsThJ date. Fund structure Unrestricted income funds are general fund5 that are avaiL1b￿ for use at the trustees discretion in furtherance of the objective5 of the charity. Restricted income funds are th)se ¢knated for use in a particuLar area or for specffic purposes. the use of￿1¢h is restricted to that area ￿ pull￿. Hire purchase and finance leases Leases in which substantially all the risks and rwyards of ownership are retained by the lessor are classified as operating lease5. Rerrtals pa￿ble urvjer operating leases are charged in the Statement of Financial Activibes on a straight line basis over the ￿ase term. Leases are classffied as ￿ance leases vthenever the terms of the ￿e transfer substantialty all the risks and rewards of ownership to the lessee. Assets hekl under finance leases are capitalised in the balance sheet as tangible fixed assets and are re(£MJnised at the lower of their fair value at incept of the lease and the k¥esent value of the minimum lease payments. These assets are depre￿ated on a straight4ine basi5 over the shorter of the useful lrfe of the asset and the lease term. The capital elements of fuiure ot￿igati(￿S under the ￿aSeS are included a5 liabilibes in the balance sheet Lease payments are charged to the Statement of Finanual Activrtie5 and are apF￿.0ned be￿n finance costs and the reduction of the lease 0￿JgatiC￿ so as to achieve a constant periodic rate of interest on the remainirvJ balance of the Ivabilty The interest element of the rental Obligatic￿ is charged to the Statement of Financial ActMtie5 over the period of the lease and represents a C￿stant prcPNh￿ of the balan￿ of caprtal repayments outstandirvJ. 19 vwiuaB￿[th Rd JsC￿LN￿ 28 kn 2tQ3 15fj7"428STiufc +11 D2rJp Building Futures East Limited Notes to the Financial Statements for the Year Ended 30 September 2022 Pensions and other post retiremenl obligations Contributions lo defined cC￿1n"bukn plans are recognised as an expense in the Per￿ in which the related service is prowded. Prepaid contn"butions are recognised as an assel to the extent that the prepayment will lead to a reduction in fuiure payTnerrts or a cash refurKI. 3 Incomè from donations and legacies UnrestTiCted funds General Restricted funds Total 2022 Total 2021 Donations and legacies: Donations from individuals Grft aid redaimed Grants. induding caprtal grants: Grants from other chariknes Gifts in kind 13.220 (118) 150.000 163.220 1118) 30.234 1,036 34,113 411,102 445,215 667,193 5,472 Total for 2022 47.215 561,102 608.317 703.935 Total for 2021 129.475 574,460 Gifts in kind are made up of donated fumishings frcm SCS Grtyjp pk. 703.935 4 Income from charitabla activities Unrestricted funds General Total 2022 Total 2021 funds Training emkloyment 110.256 110.256 242.077 Total for 2022 110.256 110,256 242,077 Total for 2021 242.077 242.077 5 Investment incom Unrestricted funds General Restricted funds Total 2022 Total 2021 Interest receivabk and similar income.. Interest receivable on l)ank dep￿Sits Total for 2021 vwiuaB￿[th Rd JsC￿LN￿ 28 kn 2tQ3 15fj7"428STiufc +11 D2fJp2 Building Futures East Limited Notes to the Financial Statements for the Year Ended 30 September 2022 6 Other income Unrestricted funds General Restricted funds Total 2022 Total 2021 Other income 400 2,062 Other income relates to course income arKI proceed5 from the sale of scrap metal. 7 Expenditure on raising funds a) Costs of generaling donations and legacies Total 2022 Total 2021 staff costs 70.764 81.080 8 Expanditure on charitable aCtivit￿S Unrestricted Total 2022 Total 2021 Training and employment Support Costs 414,884 135.325 414.884 194.402 641,919 194,982 59.OTT Total for 2022 59.077 550,209 609.286 836,901 Total for 2021 268.001 836,901 21 vwiuaB￿[th Rd JsC￿LN￿ 28 kn 2tQ3 15fj7"428STiufc +11 D2fJp2 Building Futures East Limited Notes to the Financial Statements for the Year Ended 30 September 2022 9 Analysis of govemance and support costs Support costs allo&*•d to charitable activities Governance Support Total 2022 Total 2021 Staff costs Premises Communicat￿5 General offi Finance costs Travel Audrt and Accountancy Legal and professional fees 27.232 2.135 92.571 14.293 18.656 17.613 4,448 119.803 16.428 18,656 22,581 6.824 1.836 3.750 4.524 138.031 9,793 9,012 22,898 2,738 6.133 3,813 2.376 3.750 4.524 44,985 149.417 194,402 194,982 vwiuaB￿[th Rd JsC￿LN￿ 28 kn 2tQ3 15fj7"428STiufc +11 D2fJp2 Building Futures East Limited Notes to the Financial Statements for the Year Ended 30 September 2022 10 Staff costs The aggregate payroll costs were as fc4kM: 2022 2021 Staff costs during the year wern: Wages and sajaries Social security costs Pe￿On costs 490.398 38,915 8.461 670,832 53,198 12.048 537,774 736,078 The monthty average number of persorB (Incfuding sen￿r management team) emplo￿ by the charity during the year was as fol￿￿￿.. 2022 2021 Training and employment Environmental seNic*s Central semces 14 16 22 29 The number of employees whose emoluments fell Ythin the fOlkW￿ng bands was: 2022 No 2021 No £70.001 - £80.rJxi The total em￿oyee benefits of the key management personnel of the charity vme £176.983 (2021 - £205,312). 11 Trnstees remuneration and expenses No trustees, nor any persons txffinected wth them. have receNed any remuneration from the charty during the year. No trustees have received any r￿MbUr5ed expenses or any other beneffts from the charity during the year. vwiuaB￿[th Rd JsC￿LN￿ 28 kn 2tQ3 15fj7"428STiufc +11 D2fJp2e Building Futures East Limited Notes to the Financial Statements for the Year Ended 30 September 2022 12 Independent examinerfs remuneration 2022 2021 Examination ofthe finawal statements 3.750 13 Auditors. remuneration 2022 2021 Audit of the finanaal statements 3,750 14 Taxation The charity is exempt from laxation in resF£Ct of intx)me or capital gains receNed within categories covered by Chapter 3 Part 11 of the CorFMxakn Tax Acl 2010 C￿ sect￿ 256 of the Taxation of Chargeable Gains Act 1992. to the extent that such inccrfne ￿ gains are applied exclusivety to charitable purposes. 15 Net incomingloutgoing resources Net incoming resources for the year include: 2022 2021 Audlt fees Examiners Fees Loss on disposal of fixed assets held for the charrws own use Depreciation of fixed assets 3,750 3,750 (1.8661 31,614 {2.000) 27,036 vwiuaB￿[th Rd JsC￿LN￿ 28 kn 2tQ3 15fj7"428STiufc +11 D2fJp27r Building Futures East Limited Notes to the Financial Statements for the Year Ended 30 September 2022 16 Tangible fixed assets Furniture and equipment Motor vehicles Total Cost At 1 October 2021 Addttions Disposals At 30 September 2022 211,498 2.471 78,89) 29J,388 2.471 3,640 2.800 213,129 76,09) 289,219 Depreciation At 1 October 2021 Charge for the year Eliminated on di5P05als 146.594 20.670 1549) 39,710 10.944 (1.2251 186,304 31,614 11,774) At 30 September 2022 166.715 49,429 216,144 Net book value At 30 September 2022 46.414 26.661 73,075 At 30 SÈptÈM￿r 2021 39.180 104,084 Assets held under finance leases and hire purchase contracts The net carrying amount of tangible assets includes the fr￿k￿r￿j amounts in respect of assets hebd under finance lease5 and hire purchase contracts" 2022 2021 Motor vehide 26.181 36.653 17 Debtors 2022 2021 Trade debtors Prepayments Accrued in(￿)e 15.302 13.596 56.717 48,830 15,888 78,098 85.615 142.816 18 Cash and cash equivalents 2022 2021 Cash on hand Cash at bank Short-term dep05it5 282 10.169 288 123,068} 10.455 22,776 vwiuaB￿[th Rd JsC￿LN￿ 28 kn 2tQ3 15fj7"428STiufc +11 D2fJp2 Building Futures East Limited Notes to the Financial Statements for the Year Ended 30 September 2022 19 Creditors: amounts falling due wilhin one y￿r 2022 2021 Trade creditors Other loans Hire purchase and finance leases Other taxation and $￿al security VAT repayable 16.799 44,776 8,901 20.513 4.737 31.698 5.577 20.573 150,000 9,gJS 25,493 22,526 8,843 5,231 34,713 Accruals Deferred income 133.001 277.284 During the year, the other loan of £150,0￿ cts¥ed to Shepherd Offshore Group Limited was repaid . A further loan has been obtained Ne￿aStle City c￿n￿l to ts value of £60.IXNJ. The ban was provided on 28 September 2022 and will be repaid in ftjll by 26 Decemlw 2023. The interest rate on the loan is 3.97% per annum. £15.224 of the k>an has been disck)sed in note 20. 2022 2021 Deferred income at 1 October 2021 Resources deferred in the period Amounts released from previous per￿S 34.713 108.772 11,631 185.690) {34.7131 Deferred income at year end 34.713 The above deferred income credrtor is splrt bets￿en those amounts expected to be re￿aSed to income in less than and more than one year. vwiuaB￿[th Rd JsC￿LN￿ 28 kn 2tQ3 15fj7"428STiufc +11 D2fJp2 Building Futures East Limited Notes to the Financial Statements for the Year Ended 30 September 2022 20 Creditors: amounts falling due after one ye 2022 2021 Other loans Hire purchase and finance leases Other taxatK)n and S￿al security 15.224 15,889 44.059 24,791 75.172 24.791 other taxatiw and 5oryal relale5 to pa￿1 taxe5 are ¢(￿￿1C￿e￿I terrn a5 they are an agreed time to pay arrarvJemerrt wth HMRC. 21 Obligations under laases and hire purchase contracts The total value of future minimum lease payments'•Ms a5 folkm.. 2022 2021 Within one year In to five years 8.902 15,889 9.￿5 24,791 24.791 34.696 Operaling lease comrnitments Total fLrture minimum lease payTnents UfKler non-cancellable OF*r￿"n9 leases are as folk)ws" 2022 2021 Other Within one year In ￿ to five year5 552 17.771 552 552 18.323 22 Pension and other schames Defined contribution pension scheme The chartty operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the charity to the Scheme and amounted to £8.461 {2021 - £12.0481. vwiuaB￿[th Rd JsC￿LN￿ 28 kn 2tQ3 15fj7"428STiufc +11 D2rJp Building Futures East Limited Notes to the Financial Statements for the Year Ended 30 September 2022 23 Funds Balance at 30 September 2022 Balance al 1 October Incoming Resour￿5 2021 resourcos expondgd Transfers Unrestricled funds General General fund (83.511) 157.871 (129.841) 5.560 149.9211 Restricted funds Barbour Foundation Grant - SuppcKting Freedom Programme LNT ESF My Future Matters Sew Sisters ESIF- BFE 8EaT Local Programmes- National Lottery Cotnmuntty FutKI Lottery Awards for AJI NorthUM￿la Police & Crime Commissi(Thr Grant Newcastle Cty Council - Food Bank FlooriThJ Walkergate Ward - Works in the ward Communty Fund- Grassroot Fund BBO Wise Steps Newcastle City Council - CLLD 111,594 56,497 52,162 13.639 (111,5941 156,4971 152,1621 (13.6391 23.081 9,701 {23,0811 1808} 8,893 1.876 (1.8761 (3.(MXII (2.(MXII (2,C#)01 (114,1061 114,106 17,505) (150.000) (5.000) 150.CKJO Gateshead Council- Onwards Arts Programme Virgin Media - NeighL￿l￿Y Togett FUMI 11.941 {11.9411 {560) Total restricted funds 561.102 550.209 5.560 10.893 Total funds (77,951) 718.973 1680.0501 139.028) vwiuaB￿[th Rd JsC￿LN￿ 28 kn 2tQ3 15fj7"428STiufc +11 D2fJp31r Building Futures East Limited Notes to the Financial Statements for the Year Ended 30 September 2022 The charitable company receNed aThJ applied monies towards the folk)wng restricted funds during the year. LNT (Lifting Neighouthoods Together) A 5 year National Lottery UK transnational programme to test a community development model cataly5ing 5JEtemic change in thal service delNery towdrds lrftiThJ Walker out of the national indices of multiple deprivabon ESF My Future Matters A 3 year DWP funded prcgramme to offer a taik)red package of emp5oyabilty and well-being support including per$￿al and vocab'onal skills devek)￿en1. The project activibes will be delivered in NeWCaS￿e and Ncth Tyneside. wth a partI￿laT f(Kus in the East side of Newcasde and Wallsend. Sew Sisters An ESIF 2 year programme funded by the N(ffth of Tyne CLLD Local Action Group. The prcgramme fccusses upon devdoping Skil￿ for women in the gamient manufacturing sector and the potential for S￿la1 enterprise ESIF - BFE BEaT A programme funded by the North of Tyne CLLD Local Action Group. 3 year funding was received for the 'BEaT Project,. designed to Build, Emkx)wer and TransfL¥m lives of residents within Newcast and North Tyneside. The prc•Jramme offers a tailored par￿age of personal development and financial literacy suptM)rt aimed at bng temi unempw. Lottèry Awards for All A grant to support and develcy pathwajs to for the lorYJ term unemployed. BBO - Wise *eps Grant funding prowded by the Big Lottery Fur￿ and the European Sccial Fund to help people in TYT and Wear to transform their live5. The woject provides one to one specialist support to those on the Barbour Foundation Grant made in suppjrt of cyjr work providing Freedom ProJramme delivery and wrap around support for women experienung or at risk of domestic abuse National Lottery Community Fund 'RC North East and Cumbria Region. Women Together The final year of grant funded delivery prowding a range of specialist interventions for vulnerable women, largely but not exdugvety from the East of Newcath. Services offered induded Freedom Programme delivery, confidence building and resilence workshops, sewing and garment making Vkg our Sew Sisters prcgrammes. DIY courses. gardening. walking arKI other wellbeing groups aimed at ￿ed￿ng S￿al isolation. vwiuaB￿[th Rd JsC￿LN￿ 28 kn 2tQ3 15fj7"428STiufc +11 D2fJp3V Building Futures East Limited Notes to the Financial Statements for the Year Ended 30 September 2022 WalkeTgate Ward Grant Grant received lo provide a range of environmental imF￿VeMent ths across the ward Community Foundation - Reeds GrassrcK)ts Fund Award made lo supwrt the purchase of fr￿d and sanity projucts for the East End Women F(trJdbank. helping to allewate ￿verty in the east of Newcastle Newcastle Ctty Council Grant award made to enab￿ Ihe reinstatement of damaged fknring S￿1n tt)e foodbank Northumbria Police & Crirne Commissioner Grant funding suprx)rt to o)ntribute towards prov￿lan crf high-qualty specialist support for ctim-survivors of sexual VN￿ence and (kwnestic abuse. Gateshead Council LA6 ESF Onwards Arts To enable delivery of a therapeutic creative arts based project aimed at the most marginalised and vulnerable women in Newcastle. The project u￿1 a range of creative arts activities to encourage self-reflection and allowing women to develop kryer tenn life plans that are indusNe of t￿th skills and wellbeing milestones. Unrestricted Grants 2022 A number of grants were awarded to assist the organisal]on in rts aclivrties supporting local communities Sir James Knott Year 1 of a 2 year ¢xKe costs grant iu 5upFK￿ the tunning c05ts 4tKI overhead5 a53(Kiated wtth the ongoing delivery of charitable services ￿05$ the (ryanisation - £10k. Virgin Money Foundation Community Anchors Grant Year 2 of a 3 year grant award to SUPKM)rt running (*sts arxl overhe* ass(KAated ￿￿th the ongoing delivery of charilable services across the C￿l$alm)n - £10k. vwiuaB￿[th Rd JsC￿LN￿ 28 kn 2tQ3 15fj7"428STiufc +11 D2rJps Building Futures East Limited Notes to the Financial Statements for the Year Ended 30 September 2022 24 Analysis of net assets between funds Total funds at30 September 2022 Unrestricted funds Gfrneral Restricted Tangible fixed assets Nel current assetsl{liabilities) Creditors over 1 JEar 73.075 (47,824) (75.172) (49,921 73,075 136.9311 175.172) 139,028} 10.893 Total net assets 10.893 Total funds at30 September 2021 Unresthcted funds General Restricted Tangible frxed assets Nel cuThent assetsl{liabilities) Creditors over 1 year 104.084 {162.805) 24,791 104.084 {157.2441 24,791 5.561 Total net assets (83.512) 5.561 177,951) 31 vwiuaB￿[th Rd JsC￿LN￿ 28 kn 2tQ3 15fj7"428STiufc +11 D2fJp3 Building Futures East Limited Notes to the Financial Statements for the Year Ended 30 September 2022 25 Analysis of net funds At30 September 2022 At 1 October 2021 Financing cash Ilows New finance Cash at bank a￿1 in hand Bank overdraft 10.455 22.776 10,455 122.TT6} 122.776} (150.0￿> 33,231 150.￿0 10.455 144.7761 Debt due wrlhin one year Debt due after more than one year Finance leases and hire pur¢hase ￿ntraCts (44.776) (15.224) (15.224) 34,696 9,905 24,791 174.336) Net debt (207.472> 193.136 (60,000) At30 Soptomb8r 2021 At 1 October 2020 Financing cash flows New financa leases Cash at bank arnl in hand Bank overdraft (30.777) (22.776) 122.776) (53,553) (150.000) 122.7761 (150.0001 Debt due wrlhin one year Debt due alier more than one year Finance leases arKI hire purchase rx)ntracts (150.(MXI) 150.IXJO 6,396 15,684 43,984 34,696 Net debt (125.619) (37.869) (43,9841 1207.4721 vwiuaB￿[th Rd JsC￿LN￿ 28 kn 2tQ3 15fj7"428STiufc +11 D2rJp Building Futures East Limited Notes to the Financial Statements for the Year Ended 30 September 2022 26 Related party transactions During the year the charity made the fCI￿￿rwj relaW party transacticffis: Shepherd Offshore Group Limited Shepherd Offshore Group Limrted is a related party by Mrtue of Bruce Shepherd who is also a trustee of the charrtable company. During the year the charitable cThnpany charged Shepherd offSh￿e Group Limited £8,269 {2021 - £9.221) for environmental maintenance services. The charity also received a donatK>n frcm Shepherd Offshore Group ￿Mited of £150.0￿. The charitable company also received an interest free k)an of £Nil {2021- £Nil) duriw the year. The charitable company made repayments of £150,IXrf) (2021- £Nill during the year. At the balance sheet date the amount due from Shepherd Offshore Gr(￿p knmiled was £2.31412021- £148,542 due to). Shepherd Offshore Limited Shepherd Offshore Limited is a related party by wrtue of Bruce Shepherd is aLw a trustee of the charitable company. During the year Shepherd Offshore Limited charged the charitable ￿)MpanY £2.170 12021 - £2.3461 for rent and service charges. The charitable company charged Shepherd Offshore Limited £11.927 (2021 - £9,961) for enVIrc￿Ments1 maintenance serv￿. At the balance sheet date the amount due from Shepherd Offshore ￿mited was £3.32812021- £2.710). Shepherd Offshore Services Limited Shepherd orfshore SeNces ￿"mrted is a related paty by wrtue of ils part owner, Bruce Shepherd wlv) is also a trustee of the charIta￿e company. The charitable company charged Shepthrd OffthKe ￿MIted £2.779 (2021. £2.649) for environmental maintenance services. At the balance sheet date the amount due from Shepherd Offshore Services Limited ￿a$ £800 (2021- £379). SCS Group plc SCS Group plc is a related party by virtue of a director in the company Chris Muir, ￿ is also trustee of the charrtable company who resigned C￿ 2610912022. During the year the charitable company received donated fvmishings of £Nil 12021 - £5,472). At the balance sheet date the amount due tolfrom SCS Group plc was £Nil12021- £Nil). St Anthony of Padua Comrnunity Association ISTAPCA) St Anthony of Padua Communty Associat"on {STAPCA} is a related party of the charitable company by virtue of its Chief Exerth"ve Helen Woods-waters being the S￿¥￿Se of Anthc￿Y Wood5-Waters, the charitable companys Chief Execubve. Arrthony resigned as CEO on 3111212022, although Helen was then appointed a trustee on 1010212023. The charrta￿e company charged £Nil {2021 - £2,583) to STAPCA for environmental maintenance services. They also charged for £596 12021 - £574) for provKling I￿nt events. At the balance sheet date the amount due frcm St Anthony of Padua Communty Association (STAPCAI was £121 12021 - £408). vwiuaB￿[th Rd JsC￿LN￿ 28 kn 2tQ3 15fj7"428STiufc +11 D2rJp Building Futures East Limited Notes to the Financial Statements for the Year Ended 30 September 2022 Ward Hadaway Ward Hadaway is a related party by virtue of a partner in the firm. Cc4in He￿ti. who is also a trustee of the charitable company resgined C￿ 17112r2021. During the year Ward Hadavay charged the tharitable company £5.250 {2021 - £5.263} for legal services. At the balance sh￿t date the amount due tolfrom Ward Hadaway Wd5 £Nil12021- £Nil).