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← Hexham And Tynedale Community Trust

2024-03-31-accounts

Trustees’ Annual Report for the period

From 1 April 2023 To 31 March 2024

Charity name: Hexham and Tynedale Community Trust

Charity registration number: 1125705

Objectives and Activities

SORP reference
Summary of the purposes of
the charity as set out in its
governing document		 Para 1.17 The objectives the Charity are to promote any
charitable purpose for the benefit of the
inhabitants with Hexham and surrounding
district, with the provision of facilities in the
interests of social welfare for recreation,
leisure-time occupation and with the object of
improving the conditions of life for the said
inhabitants.
Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or
services identified in the
accounts.		 Para 1.17 and
1.19		 Hexham Community Centre, Playgroup and
various groups are run by the Centre for the
community. We also provide reasonable cost
offices and rooms to hire for a variety of
charitable, community and voluntary
organisations.
Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit		 Para 1.18 All our charitable activities are undertaken to
further the public benefit, with an explicit
focus on tackling the issues of social isolation
and rising poverty. The committee have had
regard to the Charity Commissions guidance of
public benefit throughout the year when
deciding on the activities of the charity.

Additional information (optional) You may choose to include further statements where relevant about:

SORP reference
Policy on grant making Para 1.38 The charity does not give out grants and as
such has no grant making policy
Policy on social investment
including program related
investment		 Para 1.38 The charity holds no investments and as such
has no investment policy.

Para 1.38 Contribution made by volunteers Other

Achievements and Performance

SORP reference
Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.		 Para 1.20 This year we have continued to grow our
existing group activity and introduce new
activity, focussing on providing more
opportunities for older people to socialise and
get active and providing low cost or free
activity for families.
All activities were well supported and the
Centre continues to operate with a high degree
of efficiency. The Business Hub is recovering
from changes to the way people work and
meet following Covid restrictions, with a
number of new tenants. We have also retained
the tenancy of critical services such as Citizens
Advice Bureau and Hexham Youthy.
The Playgroup operates at near 100% capacity
and offers a high standard of education for
nursery school children.
Our main priorities this year were the
completion of two capital projects, a new
Community Garden space and the installation
of solar panels, these were both completed in
2023-24 financial year. We also recognised the
need for increased activity during the winter
months and were able to increase our activity
significantly during these months thanks to a
Community Organisations Cost of Living Grant,
increasing our engagement by 65%. We have
been supported by various grant giving
charities and authorities, who recognise the
great work we do. Our acknowledgement and
thanks go to them for their ongoing support.
In the forthcoming year we are excited to build
on our position of stability to further our role
as a community hub tackling increasing social
isolation and more members of our community
strugglingwith the increased cost of living.

Additional information (optional) You may choose to include further statements where relevant about:

Achievements against
objectives set		 Para 1.41
Performance of fundraising
activities against objectives
set		 Para 1.41
Investment performance
against objectives		 Para 1.41
Other

Financial Review

Financial Review
Review of the charity’s
financial position at the end
of the period		 Para 1.21 The Charity remains grateful for the help and
support given by government agencies,
charitable trusts, private giving and other
sources. Results for the year are shown on
page 3. The charity generated a total income of
£333529 in the year.
Statement explaining the
policy for holding reserves
stating why they are held		 Para 1.22 The Trust’s policy is to establish unrestricted
reserves sufficient to cover running costs for
several months ahead, and the emphasis is on
a continual process of careful financial
management and to invest reserves to
optimise income wherever possible.
The current level of unrestricted reserves
represents approximately 4 months running
costs.
Amount of reserves held Para 1.22
Reasons for holding zero
reserves		 Para 1.22
Details of fund materially in
deficit		 Para 1.24
Explanation of any
uncertainties about the
charity continuing as a going
concern		 Para 1.23

Additional information (optional) You may choose to include further statements where relevant about:

The charity’s principal
sources of funds (including
any fundraising)		 The charity’s principal
sources of funds (including
any fundraising)		 Para 1.47 In an average year around 85% of our
income is earned income through the rental
of office space, hall hire, playgroup fees
and sundry income (such as selling parking
discs and hosting an Evri Parcelshop). The
remaining 15% comes from grant funding
to support our charitable programme of
activity.
In 2023-24 we gratefully acknowledge
grants made by the following organisations
and individuals:
Northumberland County Council
Councillor Trevor Cessford
Councillor Suzanne Fairless Aitken
Councillor Derek Kennedy
Hexham Town Council
The Joicey Trust
Tynedale Lions
Community Action Northumberland
Karbon Homes
National Lottery Community Fund
Department for Culture Media and Sport
EGGER UK
Community Foundation Tyne and Wear
Investment policy and
objectives including any
social investment policy
adopted		 Para 1.46
A description of the principal
risks facing the charity		 Para 1.46
Other

Structure, Governance and Management

Description of charity’s
trusts:
Type of governing document
(trust deed, royal charter)
Para 1.25		 Hexham and Tynedale Community Trust is
governed by the CIO Constitution, adopted on
10 September 2020.
How is the charity
constituted?
(e.g unincorporated
association, CIO)		 Para 1.25 Hexham and Tynedale Community Trust is a
Charitable Incorporated Organisation
Constitution
Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees		 Para 1.25 The Board of Trustees will be appointed at the
Annual General Meeting, by proposal,
seconded and a vote. All those in the area of
benefit and users of the Community Centre are
welcome to attend.

election to post or name of
any person or body entitled
to appoint one or more
trustees
election to post or name of
any person or body entitled
to appoint one or more
trustees
benefit and users of the Community Centre are
welcome to attend.
Additional information (optional)
You may choose to include further statements		 where relevant about:
Policies and procedures
adopted for the induction
and training of trustees		 Para 1.51 New trustees are supplied with a copy of the
Charity Trustees Handbook; additionally, they
meet with the Chair of Trustees and senior staff
who will cover:
-
The obligations of the Board of
Trustees members
-
The main documents which set our
the operational framework for the
charity including the CIO
Constitution and the current
financial position as set out in the
latest published accounts. Future
plans and objectives.
The charity’s organisational
structure and any wider
network with which the
charity works		 Para 1.51
Relationship with any
related parties		 Para 1.51
Other

Reference and Administrative details

Charity name Hexham and Tynedale Community Trust
Other name the charity uses
Registered charity number 1125705
Charity’s principal address Hexham Community Centre
Gilesgate
Hexham
Northumberland
NE46 3NP

Names of the charity trustees who manage the charity

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20		 Trustee name Office (if any) Dates acted if not for whole
year		 Name of person (or body) entitled
to appoint trustee(if any)
Ann Reed
Leslie Hare Treasurer
Keda Norman
Stephen Ball Chair
Olivar Lovett
Thomas Pearson
Jane Kevan Co-opted 8 August 2023

– Corporate trustees names of the directors at the date the report was approved

Director name

Name of trustees holding title to property belonging to the charity

Trustee name Dates acted if not for whole year

Funds held as custodian trustees on behalf of others

Description of the assets held in this capacity

Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for safe custody and segregation of such assets from the charity’s own assets

Additional information (optional)

Names and addresses of advisers (Optional information)

Type of Name Address
adviser

Name of chief executive or names of senior staff members (Optional information)

Exemptions from disclosure

Reason for non-disclosure of key personnel details

Other optional information

Declarations

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

----- Start of picture text -----
Signature(s)
rence]
Leslie Robert Hare
Full name(s) Stephen Ball
Position (eg Secretary, Chair Treasurer
Chair, etc) ee
Date
20.11.2024
|
----- End of picture text -----

Hexham & Tynedale Community Trust

Charity No. 1125705

Trustees' Report and Unaudited Accounts

31 March 2024

Hexham & Tynedale Community Trust Contents

Pages
Trustees' Annual Report -
Independent Examiner's Report 2
Statement of Financial Activities 3
Balance Sheet 4
Statement of Cash flows 14
Notes to the Accounts 5 to 13
Detailed Statement of Financial Activities 15 to 16

Page 1

Hexham & Tynedale Community Trust Independent Examiners Report

Independent Examiner's Report to the trustees of Hexham & Tynedale Community Trust

I report to the trustees on my examination of the financial statements of Hexham & Tynedale Community Trust for the year ended 31 March 2024.

Responsibilities and basis of report

As the charity's trustees you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

As the charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination by being a qualified member of FTA FFA.

I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

Kay Wightman FTA FFA Accounting for Good CIC 2 Geordie Ridley Place Upper Precinct Wesley Court Blaydon on Tyne Tyne and Wear NE21 5BT 20 November 2024

Page 2

Hexham & Tynedale Community Trust Statement of Financial Activities

for the year ended 31 March 2024

Notes
Income and endowments
from:
Donations and legacies
3
Charitable activities
4
Other trading activities
5
Investments
6
Other
7
Total
Expenditure on:
Charitable activities
8
Other
9
Total
Net gains on investments
Net income
10
Transfers between funds
Net income before other
gains/(losses)
Other gains and losses
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 Unrestricted
funds		 Restricted
funds		 Total funds Total funds
2024 2024 2024 2023
£ £ £ £
14,753 - 14,753 9,290
- 207,042 207,042 174,114
20,160 - 20,160 10,973
24 - 24 137
91,550 - 91,550 71,580
126,487 207,042 333,529 266,094
- 17,444 17,444 9,128
123,579 155,505 279,084 232,343
123,579 172,949 296,528 241,471
- - - -
2,908 34,093 37,001 24,623
42,636 (42,636) - -
45,544 (8,543) 37,001 24,623
45,544 (8,543) 37,001 24,623
7,527 1,153,975 1,161,502 1,136,879
53,071 1,145,432 1,198,503 1,161,502

Page 3

Hexham & Tynedale Community Trust Balance Sheet

at 31 March 2024

at 31 March 2024
Charity No. 1125705 2024 2023
£ £
Fixed assets
Tangible assets 12 1,073,897 1,041,050
1,073,897 1,041,050
Current assets
Debtors 13 8,037 4,965
Cash at bank and in hand 118,102 117,678
126,139 122,643
Creditors:Amount falling due within one year 14 (1,533) (2,191)
Net current assets 124,606 120,452
Total assets less current liabilities 1,198,503 1,161,502
Net assets excluding pension asset or liability 1,198,503 1,161,502
Total net assets 1,198,503 1,161,502
The funds of the charity
Restricted funds 15
Restricted income funds 1,145,432 1,153,975
1,145,432 1,153,975
Unrestricted funds 15
General funds 53,071 7,527
53,071 7,527
Reserves 15
Total funds 1,198,503 1,161,502

Approved by the trustees on 01 October 2024

And signed on their behalf by:

S. Ball Trustee

20 November 2024

Page 4

Hexham & Tynedale Community Trust Notes to the Accounts

for the year ended 31 March 2024

Basis of preparation

The financial statements have been prepared in accordance with Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic if Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.

Change in basis of accounting or to previous accounts

There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.

Fund accounting

Income

Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets

Page 5

Hexham & Tynedale Community Trust Notes to the Accounts

Expenditure

Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates.

Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid.

Taxation

The charity is exempt from tax on its charitable activities.

Tangible fixed assets and depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Office Eqipment 10% Reducing Balance Fixtures & Fittings 10% Straight Line

Freehold investment property

Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise.

Stocks

Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.

Trade and other debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.

Page 6

Hexham & Tynedale Community Trust Notes to the Accounts

Trade and other creditors

Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Foreign currencies

Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period. Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred.

All exchange differences are are taken into account in arriving at net income/expenditure.

Leased assets

Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.

Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases.

Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs. Assets held under finance leases are depreciated in the same way as owned assets.

Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.

Pension costs

The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the charity pays fixed contributions into a separate entity. Once the contributions have been paid the charity has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the charity in independently administered funds.

Receipt of donated goods, facilities and services

All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.

Page 7

Hexham & Tynedale Community Trust Notes to the Accounts

2 Statement of Financial Activities - prior year

2
Statement of Financial Activities - prior year
Income and endowments from:
Donations and legacies
Charitable activities
Other trading activities
Investments
Other
Total
Expenditure on:
Charitable activities
Other
Total
Net income
Transfers between funds
Net income before other
gains/(losses)
Other gains and losses:
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
3
Income from donations and legacies
Unrestricted Grants
4
Income from charitable activities
Restricted Grants
Playgroup		 Unrestricted
funds
2023
£
9,290
-
10,973
137
71,580
91,980
-
118,184
118,184
(26,204)
14,400
(11,804)
(11,804)
19,331
7,527
Unrestricted
£
14,753
14,753
Restricted
£
89,699
117,343
207,042		 Restricted
funds
2023
£
-
174,114
-
-
-
174,114
9,128
114,159
123,287
50,827
(14,400)
36,427
36,427
1,117,548
1,153,975
Total
2024
£
14,753
14,753
Total
2024
£
89,699
117,343
207,042		 Total funds
2023
£
9,290
174,114
10,973
137
71,580
266,094
9,128
232,343
241,471
24,623
-
24,623
24,623
1,136,879
1,161,502
Total
2023
£
9,290
9,290
Total
2023
£
66,794
107,320
174,114

Page 8

Hexham & Tynedale Community Trust Notes to the Accounts

5
Income from other trading activities
Fundraising
Centre Sundries
6
Income from investments
Bank Interest
7
Other income
Rents
Lets
8
Expenditure on charitable activities
Expenditure on charitable
activities
Luncheon Club etc
Governance costs		 Unrestricted
£
3,492
16,668
20,160
Unrestricted
£
24
24
Unrestricted
£
45,464
46,086
91,550		 Total
2024
£
3,492
16,668
20,160
Total
2024
£
24
24
Total
2024
£
45,464
46,086
91,550		 Total
2023
£
2,072
8,901
10,973
Total
2023
£
137
137
Total
2023
£
38,233
33,347
71,580
Restricted
£
17,444
17,444		 Total
2024
£
17,444
17,444		 Total
2023
£
9,128
9,128

Page 9

Hexham & Tynedale Community Trust Notes to the Accounts

9 Other expenditure

Employee costs
Premises costs
Amortisation, depreciation,
impairment, profit/loss on
disposal of fixed assets
General administrative costs
Legal and professional costs
10 Net income before transfers
This is stated after charging:
Depreciation of owned fixed assets
11 Staff costs
Salaries and wages
Social security costs
Pension costs
No employee received emoluments in excess
12 Tangible fixed assets
Land and
buildings
£
Cost or revaluation
At 1 April 2023
1,000,000
Additions
-
At 31 March 2024
1,000,000
Depreciation and
impairment
At 1 April 2023
-
Depreciation charge for the
year
-
At 31 March 2024
-
Net book values
At 31 March 2024
1,000,000
At 31 March 2023
1,000,000		 Unrestricted
£
95,561
9,294
9,789
7,591
1,344
123,579
of £60,000.		 Restricted
£
93,394
57,702
-
4,409
-
155,505
2024
£
9,789
2024
180,649
3,358
3,701
187,708		 Total
2024
£
188,955
66,996
9,789
12,000
1,344
279,084
Fixtures &
Fittings
£
53,620
42,636
96,256
17,010
9,625
26,635
69,621
36,610		 Total
2023
£
153,230
58,010
5,544
9,981
5,578
232,343
2023
£
5,544
2023
148,703
325
2,967
151,995
Total
£
1,078,098
42,636
Office
Eqipment		 Canopy
£
21,678
-
21,678
20,038
164
20,202
1,476
1,640		 £
2,800
-
2,800
-
-
-
2,800
2,800
1,120,734
37,048
9,789
46,837
1,073,897
1,041,050

Page 10

Hexham & Tynedale Community Trust Notes to the Accounts

13 Debtors

13 Debtors
Trade debtors
Other debtors
14 Creditors:
amounts falling due within one year
Other taxes and social security
Other creditors
Accruals		 2024
£
7,987
50
8,037
2024
£
393
-		 2023
£
4,915
50
4,965
2023
£
509
513
1,140 1,169
1,533 2,191

Page 11

Hexham & Tynedale Community Trust Notes to the Accounts

15 Movement in funds

Movement in funds
At 1 April
2023
1,112,934
2,652
-
11,721
-
5,310
1,358
20,000
1,153,975
7,527
1,161,502		 Incoming
resources
(including
other
gains/losses)
£
117,343
-
39,214
25,109
940
1,800
-
22,636
207,042
126,487
333,529		 Resources
expended
£		 Gross
transfers
£
-
-
-
-
-
-
-
(42,636)
(42,636)
42,636
-		 At 31
March
2024
£
1,124,988
2,652
10,374
3,563
-
2,497
1,358
-
Restricted funds:
Restricted income funds:
Restricted Funds
Capital Fund - Boiler
Warm Spaces
Garden
Events
Luncheon Club
Carpet Bowls
Solar Panels
Total
Unrestricted funds:
General funds
Total funds
(105,289)
-
(28,840)
(33,267)
(940)
(4,613)
-
-
(172,949)
(123,579)
(296,528)
1,145,432
53,071
1,198,503

Purposes and restrictions in relation to the funds:

Restricted funds:
Restricted Funds Playgroup Fees & Other Grants
Capital Fund - Boiler Cost toward boiler
Warm Spaces Grant toward warm spaces
Garden Grant toward garden & play area
Events Grant toward Coronation & Christmas Events
Luncheon Club Grants toward luncheon club costs
Carpet Bowls Grant toward capital equipment for carpet bowls
Solar Panels Grant toward solar panels

16 Analysis of net assets between funds

Fixed assets
Net current assets		 Unrestricted
funds
£
1,073,897
124,606
1,198,503		 Total
£
1,073,897
124,606
1,198,503

Page 12

Hexham & Tynedale Community Trust Notes to the Accounts

17 Reconciliation of net debt

Reconciliation of net debt
Cash and cash equivalents
Net debt		 At 1 April
2023
£		 Cash flows
£		 At 31
March
2024
£
117,678 424 118,102
117,678
117,678		 424
424		 118,102
118,102
Commitments
Operating lease commitments
Annual commitments under non-cancellable operating leases
2024
Land and
buildings
£
Operating leases with expiry date:
Pension commitments
The pension cost charge to the charity
amounted to:		 are as follows:
2024
Other
£
2024
£
3,701		 2023
Land and
buildings
£		 2023
Other
£
2023
£
2,967

18 Commitments

Page 13

Hexham & Tynedale Community Trust Statement of Cash flows for the year ended 31 March 2024

Cash flows from operating activities
Net income per Statement of Financial Activities
Adjustments for:
Depreciation of property, plant and equipment
Dividends, interest and rents from investments
Increase in trade and other receivables
(Decrease)/Increase in trade and other payables
Net cash used in operating activities
Cash flows from investing activities
Payments for property, plant and equipment
Dividends, interest and rents from investments
Net cash from investing activities
Net cash from financing activities
Net increase in cash and cash equivalents
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year		 2024
£
37,001
9,789
(91,574)
(3,072)
(658)
(48,514)
(42,636)
91,574
48,938
-
424
117,678
118,102		 2023
£
24,623
5,544
(71,717)
(3,012)
482
(44,080)
(2,000)
71,717
69,717
-
25,637
92,042
117,679
Components of cash and cash equivalents
Cash and bank balances 118,102 117,678
118,102 117,678

Page 14

Hexham & Tynedale Community Trust Detailed Statement of Financial Activities

for the year ended 31 March 2024

Income and endowments from:
Donations and legacies
Grants
Charitable activities
Restricted Grants
Other Charitable Activites
Other trading activities
Fundraising
Centre Sundries
Investments
Bank Interest
Other
Rents
Lets
Total income and endowments
Expenditure on:
Charitable activities
Other Charitable Activites
Total of expenditure on charitable
activities
Employee costs
Salaries/wages
Employer's NIC
Pension costs
Staff training
Staff welfare
Premises costs
Light, heat and power
Premises cleaning
Premises insurances
Premises repairs and
maintenance		 Unrestricte
d funds
2024
£
14,753
14,753
-
-
-
3,492
16,668
20,160
24
24
45,464
46,086
91,550
126,487
-
-
-
90,993
1,692
2,019
792
65
95,561
-
-
3,556
5,738		 Restricted
funds
2024
£
-
-
89,699
117,343
207,042
-
-
-
-
-
-
-
-
207,042
17,444
17,444
17,444
89,656
1,666
1,682
135
255
93,394
18,172
1,990
1,521
33,267		 Total funds
2024
£
14,753
14,753
89,699
117,343
207,042
3,492
16,668
20,160
24
24
45,464
46,086
91,550
333,529
17,444
17,444
17,444
180,649
3,358
3,701
927
320
188,955
18,172
1,990
5,077
39,005		 Total funds
2023
£
9,290
9,290
66,794
107,320
174,114
2,072
8,901
10,973
137
137
38,233
33,347
71,580
266,094
9,128
9,128
9,128
148,703
325
2,967
718
517
153,230
10,364
2,375
4,633
37,474

Page 15

Hexham & Tynedale Community Trust Detailed Statement of Financial Activities

Other premises costs
General administrative costs,
including depreciation and
amortisation
Depreciation of Office Eqipment
Depreciation of Canopy
Depreciation of Fixtures &
Fittings
Bad debts
Bank charges
Equipment leasing and hire
charges
Software, IT support and related
costs
Stationery and printing
Sundry expenses
Telephone, fax and broadband
Legal and professional costs
Audit/Independent examination
fees
Accountancy and bookkeeping
Total of expenditure of other costs
Total expenditure
Net gains on investments
Net income
Transfers between funds
Net income before other
gains/(losses)
Other Gains
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 -
9,294
164
-
9,625
1,953
339
1,716
1,401
2,182
-
-
17,380
1,140
204
1,344
123,579
123,579
-
2,908
42,636
45,544
-
45,544
7,527
53,071		 2,752
57,702
-
-
-
-
-
-
-
-
1,234
3,175
4,409
-
-
-
155,505
172,949
-
34,093
(42,636)
(8,543)
-
(8,543)
1,153,975
1,145,432		 2,752
66,996
164
-
9,625
1,953
339
1,716
1,401
2,182
1,234
3,175
21,789
1,140
204
1,344
279,084
296,528
-
37,001
-
37,001
-
37,001
1,161,502
1,198,503		 3,164
58,010
182
-
5,362
-
306
1,791
2,346
1,426
1,517
2,595
15,525
1,140
4,438
5,578
232,343
241,471
-
24,623
-
24,623
-
24,623
1,136,879
1,161,502

Page 16

Hexham & Tynedale Community Trust

Charity No. 1125705

Trustees' Report and Unaudited Accounts

31 March 2024

Hexham & Tynedale Community Trust Contents

Pages
Trustees' Annual Report -
Independent Examiner's Report 2
Statement of Financial Activities 3
Balance Sheet 4
Statement of Cash flows 14
Notes to the Accounts 5 to 13
Detailed Statement of Financial Activities 15 to 16

Page 1

Hexham & Tynedale Community Trust Independent Examiners Report

Independent Examiner's Report to the trustees of Hexham & Tynedale Community Trust

I report to the trustees on my examination of the financial statements of Hexham & Tynedale Community Trust for the year ended 31 March 2024.

Responsibilities and basis of report

As the charity's trustees you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

As the charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination by being a qualified member of FTA FFA.

I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

Kay Wightman FTA FFA Accounting for Good CIC 2 Geordie Ridley Place Upper Precinct Wesley Court Blaydon on Tyne Tyne and Wear NE21 5BT 20 November 2024

Page 2

Hexham & Tynedale Community Trust Statement of Financial Activities

for the year ended 31 March 2024

Notes
Income and endowments
from:
Donations and legacies
3
Charitable activities
4
Other trading activities
5
Investments
6
Other
7
Total
Expenditure on:
Charitable activities
8
Other
9
Total
Net gains on investments
Net income
10
Transfers between funds
Net income before other
gains/(losses)
Other gains and losses
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 Unrestricted
funds		 Restricted
funds		 Total funds Total funds
2024 2024 2024 2023
£ £ £ £
14,753 - 14,753 9,290
- 207,042 207,042 174,114
20,160 - 20,160 10,973
24 - 24 137
91,550 - 91,550 71,580
126,487 207,042 333,529 266,094
- 17,444 17,444 9,128
123,579 155,505 279,084 232,343
123,579 172,949 296,528 241,471
- - - -
2,908 34,093 37,001 24,623
42,636 (42,636) - -
45,544 (8,543) 37,001 24,623
45,544 (8,543) 37,001 24,623
7,527 1,153,975 1,161,502 1,136,879
53,071 1,145,432 1,198,503 1,161,502

Page 3

Hexham & Tynedale Community Trust Balance Sheet

at 31 March 2024

at 31 March 2024
Charity No. 1125705 2024 2023
£ £
Fixed assets
Tangible assets 12 1,073,897 1,041,050
1,073,897 1,041,050
Current assets
Debtors 13 8,037 4,965
Cash at bank and in hand 118,102 117,678
126,139 122,643
Creditors:Amount falling due within one year 14 (1,533) (2,191)
Net current assets 124,606 120,452
Total assets less current liabilities 1,198,503 1,161,502
Net assets excluding pension asset or liability 1,198,503 1,161,502
Total net assets 1,198,503 1,161,502
The funds of the charity
Restricted funds 15
Restricted income funds 1,145,432 1,153,975
1,145,432 1,153,975
Unrestricted funds 15
General funds 53,071 7,527
53,071 7,527
Reserves 15
Total funds 1,198,503 1,161,502

Approved by the trustees on 01 October 2024

And signed on their behalf by:

S. Ball Trustee

20 November 2024

Page 4

Hexham & Tynedale Community Trust Notes to the Accounts

for the year ended 31 March 2024

Basis of preparation

The financial statements have been prepared in accordance with Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic if Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.

Change in basis of accounting or to previous accounts

There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.

Fund accounting

Income

Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets

Page 5

Hexham & Tynedale Community Trust Notes to the Accounts

Expenditure

Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates.

Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid.

Taxation

The charity is exempt from tax on its charitable activities.

Tangible fixed assets and depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Office Eqipment 10% Reducing Balance Fixtures & Fittings 10% Straight Line

Freehold investment property

Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise.

Stocks

Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.

Trade and other debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.

Page 6

Hexham & Tynedale Community Trust Notes to the Accounts

Trade and other creditors

Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Foreign currencies

Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period. Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred.

All exchange differences are are taken into account in arriving at net income/expenditure.

Leased assets

Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.

Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases.

Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs. Assets held under finance leases are depreciated in the same way as owned assets.

Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.

Pension costs

The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the charity pays fixed contributions into a separate entity. Once the contributions have been paid the charity has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the charity in independently administered funds.

Receipt of donated goods, facilities and services

All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.

Page 7

Hexham & Tynedale Community Trust Notes to the Accounts

2 Statement of Financial Activities - prior year

2
Statement of Financial Activities - prior year
Income and endowments from:
Donations and legacies
Charitable activities
Other trading activities
Investments
Other
Total
Expenditure on:
Charitable activities
Other
Total
Net income
Transfers between funds
Net income before other
gains/(losses)
Other gains and losses:
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
3
Income from donations and legacies
Unrestricted Grants
4
Income from charitable activities
Restricted Grants
Playgroup		 Unrestricted
funds
2023
£
9,290
-
10,973
137
71,580
91,980
-
118,184
118,184
(26,204)
14,400
(11,804)
(11,804)
19,331
7,527
Unrestricted
£
14,753
14,753
Restricted
£
89,699
117,343
207,042		 Restricted
funds
2023
£
-
174,114
-
-
-
174,114
9,128
114,159
123,287
50,827
(14,400)
36,427
36,427
1,117,548
1,153,975
Total
2024
£
14,753
14,753
Total
2024
£
89,699
117,343
207,042		 Total funds
2023
£
9,290
174,114
10,973
137
71,580
266,094
9,128
232,343
241,471
24,623
-
24,623
24,623
1,136,879
1,161,502
Total
2023
£
9,290
9,290
Total
2023
£
66,794
107,320
174,114

Page 8

Hexham & Tynedale Community Trust Notes to the Accounts

5
Income from other trading activities
Fundraising
Centre Sundries
6
Income from investments
Bank Interest
7
Other income
Rents
Lets
8
Expenditure on charitable activities
Expenditure on charitable
activities
Luncheon Club etc
Governance costs		 Unrestricted
£
3,492
16,668
20,160
Unrestricted
£
24
24
Unrestricted
£
45,464
46,086
91,550		 Total
2024
£
3,492
16,668
20,160
Total
2024
£
24
24
Total
2024
£
45,464
46,086
91,550		 Total
2023
£
2,072
8,901
10,973
Total
2023
£
137
137
Total
2023
£
38,233
33,347
71,580
Restricted
£
17,444
17,444		 Total
2024
£
17,444
17,444		 Total
2023
£
9,128
9,128

Page 9

Hexham & Tynedale Community Trust Notes to the Accounts

9 Other expenditure

Employee costs
Premises costs
Amortisation, depreciation,
impairment, profit/loss on
disposal of fixed assets
General administrative costs
Legal and professional costs
10 Net income before transfers
This is stated after charging:
Depreciation of owned fixed assets
11 Staff costs
Salaries and wages
Social security costs
Pension costs
No employee received emoluments in excess
12 Tangible fixed assets
Land and
buildings
£
Cost or revaluation
At 1 April 2023
1,000,000
Additions
-
At 31 March 2024
1,000,000
Depreciation and
impairment
At 1 April 2023
-
Depreciation charge for the
year
-
At 31 March 2024
-
Net book values
At 31 March 2024
1,000,000
At 31 March 2023
1,000,000		 Unrestricted
£
95,561
9,294
9,789
7,591
1,344
123,579
of £60,000.		 Restricted
£
93,394
57,702
-
4,409
-
155,505
2024
£
9,789
2024
180,649
3,358
3,701
187,708		 Total
2024
£
188,955
66,996
9,789
12,000
1,344
279,084
Fixtures &
Fittings
£
53,620
42,636
96,256
17,010
9,625
26,635
69,621
36,610		 Total
2023
£
153,230
58,010
5,544
9,981
5,578
232,343
2023
£
5,544
2023
148,703
325
2,967
151,995
Total
£
1,078,098
42,636
Office
Eqipment		 Canopy
£
21,678
-
21,678
20,038
164
20,202
1,476
1,640		 £
2,800
-
2,800
-
-
-
2,800
2,800
1,120,734
37,048
9,789
46,837
1,073,897
1,041,050

Page 10

Hexham & Tynedale Community Trust Notes to the Accounts

13 Debtors

13 Debtors
Trade debtors
Other debtors
14 Creditors:
amounts falling due within one year
Other taxes and social security
Other creditors
Accruals		 2024
£
7,987
50
8,037
2024
£
393
-		 2023
£
4,915
50
4,965
2023
£
509
513
1,140 1,169
1,533 2,191

Page 11

Hexham & Tynedale Community Trust Notes to the Accounts

15 Movement in funds

Movement in funds
At 1 April
2023
1,112,934
2,652
-
11,721
-
5,310
1,358
20,000
1,153,975
7,527
1,161,502		 Incoming
resources
(including
other
gains/losses)
£
117,343
-
39,214
25,109
940
1,800
-
22,636
207,042
126,487
333,529		 Resources
expended
£		 Gross
transfers
£
-
-
-
-
-
-
-
(42,636)
(42,636)
42,636
-		 At 31
March
2024
£
1,124,988
2,652
10,374
3,563
-
2,497
1,358
-
Restricted funds:
Restricted income funds:
Restricted Funds
Capital Fund - Boiler
Warm Spaces
Garden
Events
Luncheon Club
Carpet Bowls
Solar Panels
Total
Unrestricted funds:
General funds
Total funds
(105,289)
-
(28,840)
(33,267)
(940)
(4,613)
-
-
(172,949)
(123,579)
(296,528)
1,145,432
53,071
1,198,503

Purposes and restrictions in relation to the funds:

Restricted funds:
Restricted Funds Playgroup Fees & Other Grants
Capital Fund - Boiler Cost toward boiler
Warm Spaces Grant toward warm spaces
Garden Grant toward garden & play area
Events Grant toward Coronation & Christmas Events
Luncheon Club Grants toward luncheon club costs
Carpet Bowls Grant toward capital equipment for carpet bowls
Solar Panels Grant toward solar panels

16 Analysis of net assets between funds

Fixed assets
Net current assets		 Unrestricted
funds
£
1,073,897
124,606
1,198,503		 Total
£
1,073,897
124,606
1,198,503

Page 12

Hexham & Tynedale Community Trust Notes to the Accounts

17 Reconciliation of net debt

Reconciliation of net debt
Cash and cash equivalents
Net debt		 At 1 April
2023
£		 Cash flows
£		 At 31
March
2024
£
117,678 424 118,102
117,678
117,678		 424
424		 118,102
118,102
Commitments
Operating lease commitments
Annual commitments under non-cancellable operating leases
2024
Land and
buildings
£
Operating leases with expiry date:
Pension commitments
The pension cost charge to the charity
amounted to:		 are as follows:
2024
Other
£
2024
£
3,701		 2023
Land and
buildings
£		 2023
Other
£
2023
£
2,967

18 Commitments

Page 13

Hexham & Tynedale Community Trust Statement of Cash flows for the year ended 31 March 2024

Cash flows from operating activities
Net income per Statement of Financial Activities
Adjustments for:
Depreciation of property, plant and equipment
Dividends, interest and rents from investments
Increase in trade and other receivables
(Decrease)/Increase in trade and other payables
Net cash used in operating activities
Cash flows from investing activities
Payments for property, plant and equipment
Dividends, interest and rents from investments
Net cash from investing activities
Net cash from financing activities
Net increase in cash and cash equivalents
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year		 2024
£
37,001
9,789
(91,574)
(3,072)
(658)
(48,514)
(42,636)
91,574
48,938
-
424
117,678
118,102		 2023
£
24,623
5,544
(71,717)
(3,012)
482
(44,080)
(2,000)
71,717
69,717
-
25,637
92,042
117,679
Components of cash and cash equivalents
Cash and bank balances 118,102 117,678
118,102 117,678

Page 14

Hexham & Tynedale Community Trust Detailed Statement of Financial Activities

for the year ended 31 March 2024

Income and endowments from:
Donations and legacies
Grants
Charitable activities
Restricted Grants
Other Charitable Activites
Other trading activities
Fundraising
Centre Sundries
Investments
Bank Interest
Other
Rents
Lets
Total income and endowments
Expenditure on:
Charitable activities
Other Charitable Activites
Total of expenditure on charitable
activities
Employee costs
Salaries/wages
Employer's NIC
Pension costs
Staff training
Staff welfare
Premises costs
Light, heat and power
Premises cleaning
Premises insurances
Premises repairs and
maintenance		 Unrestricte
d funds
2024
£
14,753
14,753
-
-
-
3,492
16,668
20,160
24
24
45,464
46,086
91,550
126,487
-
-
-
90,993
1,692
2,019
792
65
95,561
-
-
3,556
5,738		 Restricted
funds
2024
£
-
-
89,699
117,343
207,042
-
-
-
-
-
-
-
-
207,042
17,444
17,444
17,444
89,656
1,666
1,682
135
255
93,394
18,172
1,990
1,521
33,267		 Total funds
2024
£
14,753
14,753
89,699
117,343
207,042
3,492
16,668
20,160
24
24
45,464
46,086
91,550
333,529
17,444
17,444
17,444
180,649
3,358
3,701
927
320
188,955
18,172
1,990
5,077
39,005		 Total funds
2023
£
9,290
9,290
66,794
107,320
174,114
2,072
8,901
10,973
137
137
38,233
33,347
71,580
266,094
9,128
9,128
9,128
148,703
325
2,967
718
517
153,230
10,364
2,375
4,633
37,474

Page 15

Hexham & Tynedale Community Trust Detailed Statement of Financial Activities

Other premises costs
General administrative costs,
including depreciation and
amortisation
Depreciation of Office Eqipment
Depreciation of Canopy
Depreciation of Fixtures &
Fittings
Bad debts
Bank charges
Equipment leasing and hire
charges
Software, IT support and related
costs
Stationery and printing
Sundry expenses
Telephone, fax and broadband
Legal and professional costs
Audit/Independent examination
fees
Accountancy and bookkeeping
Total of expenditure of other costs
Total expenditure
Net gains on investments
Net income
Transfers between funds
Net income before other
gains/(losses)
Other Gains
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 -
9,294
164
-
9,625
1,953
339
1,716
1,401
2,182
-
-
17,380
1,140
204
1,344
123,579
123,579
-
2,908
42,636
45,544
-
45,544
7,527
53,071		 2,752
57,702
-
-
-
-
-
-
-
-
1,234
3,175
4,409
-
-
-
155,505
172,949
-
34,093
(42,636)
(8,543)
-
(8,543)
1,153,975
1,145,432		 2,752
66,996
164
-
9,625
1,953
339
1,716
1,401
2,182
1,234
3,175
21,789
1,140
204
1,344
279,084
296,528
-
37,001
-
37,001
-
37,001
1,161,502
1,198,503		 3,164
58,010
182
-
5,362
-
306
1,791
2,346
1,426
1,517
2,595
15,525
1,140
4,438
5,578
232,343
241,471
-
24,623
-
24,623
-
24,623
1,136,879
1,161,502

Page 16