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||Page|
|---|---|
|Chair's Executive Statement||
|Trustees'
Annual
Report|2 —8|
|Independent
Examiner's
Report||
|Statement
of Financial Activities|10|
|Balance Sheet||
|Cashf low Statement||
|Notes to Financial Statements|13-28|
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|Registered||Charity|Number|1139518|||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Company|Number|||07303754|||||||||||
|Registered||Office||The
New|Inn,|Bridge Street,|Blaydon,|Newcastle|||upon|Tyne,||NE21 4JJ|
|Trustees|||||||||||||||
|The trustees||who|served the charity|during the period were as follows;|||||||||||
|J Hart||||Resigned|25 May 2022||||||||||
|A Halliwell|||||||||||||||
|W Gill||||Resigned|25 May 2022||||||||||
|SVening||||Treasurer|||||||||||
|M Cave||||Chair|||||||||||
|N Rogerson|||||||||||||||
|D Lovenbury|||||||||||||||
|Z Lawson||||Resigned 25 May 2022|||||||||||
|F Lees-Millais||||Resigned 25 May 2022|||||||||||
|SScott|||||||||||||||
|R Turnbull|||||||||||||||
|D Bawn||||Secretary|||||||||||
|KGleadow||||Appointed|25 August 2022||||||||||
|A Traynor||||Appointed|23 February 2023||||||||||
|R Wilson||||Appointed|23 February 2023||||||||||
|Key Management|||Personnel||||||||||||
|J Niblo|||Chief Executive||||||||||||
|G Lockyer|Turnbull||Head of Operations||||||||||||
|Our advisors|||||||||||||||
|Independent|||||||||||||||
|Examiners|||Haines Watts|||17Queens Lane, Newcastle|||upon Tyne, NE1||||1RN||
|Solicitors|||David Auld Solicitors|||22A Newgate|Street, Morpeth,|||Northumberland,|||NE61 1BA||
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|||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|---|
|||||Funds|Funds|2023|2022|
||||Notes|F||||
|Income from:||||||||
|Donations
and grants||||145,481|166,285|311,766|236,437|
|Charitable
activities||||419,670||419,670|560,414|
|Fundraising
income||||192,387||192,387|157,435|
|Investment
income||||5,220||5,220|4,296|
|Total income||||762,758|166,285|929,043|958,582|
|Expenditure
on:||||||||
|Raising Funds||||63,047||63,047|31,332|
|Charitable
activities||||704,579|122,254|826,833|842,228|
|Total expenditure||||767,626|122,254|889,880|873,560|
|Net Income/(expenditure)||||( 4,868 )|44,031|39,163|85,022|
|Unrealised
gain/(loss)||on investment||( 18,776 )||( 18,776 )|13,283|
|Transfers|||19|||||
|Net movements
in|funds|||( 23,644 )|44,031|20,387|98,305|
|Reconciliation
offunds||||||||
|Total funds brought|forward|||506,221|111,626|617,847|519,542|
|Total funds carried||forward||482,577|155,657|638,234|617,847|
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||||Notes|2023|2022|
|---|---|---|---|---|---|
|||||E||
|Fixed assets||||||
|Tangible assets|||13|11,543|2,219|
|Investments|||14|230,578|247,013|
|||||242,121|249,232|
|Current assets||||||
|Debtors|||15|51,440|49,612|
|Cash at bank and in hand||||388,161|374,917|
|||||439,601|424,529|
|Liabilities||||||
|Creditors: amounts||falling due||||
|within one|year||16|( 43,488 )|( 55,914 )|
|Net current|assets|||396,113|368,615|
|Total assets less total liabilities||||638,234|617,847|
|Funds||||||
|Restricted funds||||155,657|111,626|
|Designated|funds|||174,110|229,890|
|Unrestricted|funds|||308,467|276,331|
||||19|638,234|617,847|
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|||Notes||2023|2022|
|---|---|---|---|---|---|
|||||F||
|Net cash flow from operating|activities:|||||
|Net cash provided
by operating|activities|22|19,619|70,420||
|Cash flows from investment|activities|||||
|Interest receivable
and investment
income||||5,220|4,296|
|Sale of listed investments||||9,070|54,466|
|Purchase of listed investments||||( 20,665 )|( 54,494 )|
|Net cash flow from investing|activities|||( 6,375 )|4,268|
|Net increase
in cash and cash equivalents||||13,244|74,688|
|Cash and cash equivalents
at|the beginning|ofthe year||374,917|300,229|
|Cash and cash equivalents
at the end of||the year||388,161|374,917|
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|3.
Comparative||statement offin|ancial activities|||||
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Total|Total|
|||||Funds|Funds|2022|2021|
||||Notes|f||f|f|
|Income from:||||||||
|Donations||||101,507|134,930|236,437|289,215|
|Charitable
activities||||560,414||560,414|336,827|
|Fundraising
income||||157,435||157,435|53,310|
|Investment
income||||4,296||4,296|4,168|
|Total income||||823,652|134,930|958,582|683,520|
|Expenditure
on:||||||||
|Raising Funds||||55,030||55,030|32,133|
|Charitable
activities||||757,960|60,570|818,530|619,144|
|Total expenditure||||812,990|60,570|873,560|651,277|
|Net Income/(expenditure)||||10,662|74,360|85,022|32,243|
|Unrealised
gain/(loss)||on investment||13,283||13,283|29,550|
|Net income before|transfers|||23,945|74,360|98,305|61,793|
|Transfers|||19|789|(789 )|||
|Net movements
in|funds|||24,734|73,571|98,305|61,793|
|Reconciliation
offunds||||||||
|Total funds brought|forward|||481,487|38,055|519,542|457,749|
|Total funds carried||forward||506,221|111,626|617,847|519,542|
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|5.|Income from charitable|Income from charitable|activities|activities|||
|---|---|---|---|---|---|---|
||||||2023|2022|
|||||||E|
||Development|work and provision||of club services|419,670|555,089|
||Affiliation fees|||||5,325|
||||||419,670|560,414|
|6.|Fundraising|income|||||
||||||2023|2022|
|||||||f|
||Income from fundraising||||192,387|157,435|
|7.|Investment|income|||||
||||||2023f|2022|
||Income from investments||||5,220|4,296|
|8.|Analysis of expenditure||||||
||||||2023|2022|
||Expenditure|on raising voluntary||income|60,169|52,300|
||Investment|management|fees||2,878|2,730|
||||||63,047|55,030|
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|||||||Activities||||
|---|---|---|---|---|---|---|---|---|---|
|||||||undertaken|Support|||
|||||||directly|costs|2023|2022|
|||||||F||E|'E|
|Development|Work|and|provision|of|club|||||
|services||||||655,657|171,176|826,833|842,228|
|||||||655,657|171,176|826,833|842,228|
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|2023|2022|
|---|---|
|48,495|20,579|
|30,384|19,876|
|43,685|48,315|
|43,240|31,423|
|1,200|1,376|
|4,172|2,137|
|171,176|123,706|
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|This is stated|after charging:|||
|---|---|---|---|
|||2023|2022|
||||f|
|Depreciation||3,966|3,097|
|Independent|examiners fee|6,050|5,800|
|Staff costs were as follows:|||
|---|---|---|
||2023
f|2022f|
|Wages and salaries|418,810|345,587|
|Social security costs|36,675|28,155|
|Other pension costs|19,556|16,340|
||475,041|390,082|
|The avera|ge
monthly
number
of employees
during t|he year was as follows:||
|---|---|---|---|
|||2023|2022|
|||Number|Number|
|Charitable|activities|23|22|
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||Equipment|Total|
|---|---|---|
|Cost|||
|At 1 April 2022|18,747|18,747|
|Additions|13,290|13,290|
|At 31 March 2023|32,037|32,037|
|Depreciation|||
|At 1 April 2022|16,528|16,528|
|Charge for the year|3,966|3,966|
|At 31 March 2023|20,494|20,494|
|Net BookValue|||
|At 31 March 2023|11,543|11,543|
|At 31 March 2022|2,219|2,219|
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|||2023|2022|
|---|---|---|---|
|||E||
|Listed Investments||218,749|239,220|
|Cash funds held with investment|managers|11,829|7,793|
|||230,578|247,013|
|Listed Investments||||
|Market Value|||E|
|At 1 April 2022|||239,220|
|Additions|||7,375|
|Disposals|||( 9,070 )|
|Unrealised
gain on investments|||( 18,776 )|
||||218,749|
|Historical cost|||211,155|
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|Debtors||||||||
|---|---|---|---|---|---|---|---|
|||||||2023|2022|
|||||||f|E|
|Trade debtors||||||43,458|33,917|
|Prepayments
and|accrued income|||||7,982|14,277|
|Other debtors|||||||1,418|
|||||||51,440|49,612|
|Creditors: Amounts||falling due within one year||||||
|||||||2023|2022|
||||||||F|
|Trade creditors||||||7,788|8,217|
|Accruals and deferred||income||||31,934|37,565|
|Social security 8 pension|||creditor|||2,858|10,132|
|Other creditors||||||908||
|||||||43,488|55,914|
|Deferred income||||||||
|Deferred income relates|||to grants received|relating|to future periods.|||
|||||||2023|2022|
||||||||E|
|Opening
balance||||||30,135|11,131|
|Resources deferred|during the year|||||21,455|30, "I35|
|Amounts
released|from previous years|||||( 30,135 )|(11,131)|
|Closing balance||||||21,455|30,135|
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|||||Balance|||||Balance|
|---|---|---|---|---|---|---|---|---|---|
||||At 1|April 2022||||Gains/|31 March|
||||||Income|Expenditure|Transfers|(losses)|2023|
|Unrestricted||funds||||||||
|General funds||||276,331|762,758|( 675,796 )|( 30,000 )|( 18,776 )|338,467|
|Designated||funds||||||||
|Maglin Woods||||229,890||( 85,780 )|||144,110|
|Merger with||NCAC|||||30,000||30,000|
|Restricted|funds|||||||||
|Terry Liffen||Fund||2,663||(750)|||1,913|
|Growth
and||Resilience||10,188||( 1,500 )|||8,688|
|Lemington||||6,169||( 6,169 )||||
|NWNT||||8,000|2,720|( 10,720 )||||
|Planet Preservation|||Pioneers|9,915||( 9,915 )||||
|Employability||Programme||11,648|10,000|( 6,427 )|||15,221|
|Schools Work||||9,583|5,000|( 9,583 )|||5,000|
|Rye Hill||||53,460||( 9,138 )|||44,322|
|Blaydon|||||19,791|( 11,403 )|||8,388|
|East Durham||Youth|||8,830|( 8,830 )||||
|Fenham
and||Wingrove|||30,000||||30,000|
|Know your Neighbourhood|||||28,920|( 8,660 )|||20,260|
|Mentoring|||||29,752|( 21,757 )|||7,995|
|RW Mann|||||6,000||||6,000|
|Throckley|||||19,698|( 15,828 )|||3,870|
|Winlaton|||||4,000||||4,000|
|Other &f1000|||||1,574|( 1,574 )||||
|||||111,626|166,285|( 128,304 )|||155,657|
|Total offunds||||617,847|929,043|( 889,880 )||( 18,776 )|638,234|
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|Year ended|3'i March|3'i March|2022|||||||
|---|---|---|---|---|---|---|---|---|---|
|||||Balance|||||Balance|
||||At 1|April 2021||||Gainsl|31 March|
||||||Income|Expenditure|Transfers|(losses)|2022|
|Unrestricted|funds|||||||||
|General funds||||251,597|823,652|( 812,990 )|789|13,283 276,331||
|||||251,597|823,652|( 812,990 )|789|13,283|276,331|
|Designated|funds|||||||||
|Maglin Woods||||229,890|||||229,890|
|Total unrestricted|||funds|481,487|823,652|( 812,990 )|789|13,283|506,221|
|Restricted funds||||||||||
|Terry Liffen|Fund|||3,413||(750 )|||2,663|
|IltWill||||1,250||(1,250 )||||
|Healthy
and|Happy|||13,342||(12,553 )|(789 )|||
|Blaydon|||||4,600|(4,600 )||||
|Growth and|Resilience|||16,191||(6,003 )|||10,188|
|Lemington||||3,859|8,225|(5,915 )|||6,169|
|Throckley|||||1,000|( 1,000 )||||
|NWNT|||||8,000||||8,000|
|Planet Preservation||Pioneers|||9,915||||9,915|
|Employability|Programme||||11,648||||11,648|
|Schools Work|||||20,000|( 10,417 )|||9,583|
|Sports Leadership|||||14,130|(14,130)||||
|Rye Hill|||||53,460||||53,460|
|Other &f1000|||||3,952|(3,952 )||||
|||||38,055|134,930|( 60,570 )|(789 )||111,626|
|Total offunds||||519,542|958,582|( 873,560 )||13,283|617,847|
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|Year ended 31March 2023|Unrestricted||Designated|Restricted|Total|
|---|---|---|---|---|---|
||funds||funds|funds|2023|
||||E||f|
|Fixed assets|11,543||||11,543|
|Fixed Asset Investments|230,578||||230,578|
|Current assets|109,834||174,110|155,657|439,601|
|Current
liabilities|( 43,488|)|||( 43,488 )|
||308,467||174,110|155,657|638,234|
|Year ended 31March 2022|Unrestricted||Designated|Restricted|Total|
||funds||funds|funds|2022|
||||||E|
|Fixed assets|2,219||||2,219|
|Fixed Asset Investments|247,013||||247,013|
|Current assets|52,878||229,890|141,761|424,529|
|Current
liabilities|(25,779|)||( 30,135 )|( 55,914 )|
||276,331||229,890|111,626|617,847|
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||2023|2022|
|---|---|---|
|Net income for the period|20,387|98,305|
|Adjustments
for:|||
|Depreciation|3,966|3,097|
|Losses / (Gains) on investments|18,776|( 13,283 )|
|Income from investments|(5,220 )|( 4,296 )|
|(increase)
/ decrease
in debtors|(1,828 )|( 18,078 )|
|Increase
/ (decrease)
in creditors|( 12,426 )|6,214|
|Movement
in investment
cash|(4,036 )|( 1,539 )|
|Net cash used
in operating
activities|19,619|70,420|
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