## **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: - the accounting records were not kept in respect of the charity as required by section 130 of the Act; or - the financial statements do not accord with those records; or - the financial statements do not comply with the applicable requirements concerning the form and content of financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements give a 'true and fair' view which is not a matter considered as part of an independent examination. 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** - 1 **Accounting policies** ## **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** - Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity. - Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values. - Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal. ## **Income** - Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability. - Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA. - Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income. - Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material. 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. - Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs. 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. - Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs. - Other expenditure These are support costs not allocated to a particular activity. ## **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: - the accounting records were not kept in respect of the charity as required by section 130 of the Act; or - the financial statements do not accord with those records; or - the financial statements do not comply with the applicable requirements concerning the form and content of financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements give a 'true and fair' view which is not a matter considered as part of an independent examination. 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** - 1 **Accounting policies** ## **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** - Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity. - Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values. - Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal. ## **Income** - Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability. - Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA. - Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income. - Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material. 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. - Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs. 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. - Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs. - Other expenditure These are support costs not allocated to a particular activity. ## **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