Charity registration number 1140740 Company rèolstration number 07479562 (England and Wales) THE TEESSIDE CHARITY (A COMPANY LIMITED BY GUARANTEE) ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
THE TEESSIDE CHARITY (A COMPANY LIMITED BY GUARANTEE) CONTENTS P•go Trusteès, report Independenl examlnerfs report 11 Stslement of Ilnanclal actfvitles 12 Bolance sh881 13-14 statement of cash ftow$ 15 Notes lo the finaneial stalernents 16.28
THE TEESSIDE CHARITY (A COMPANY LIMITED BY GUARANTEE) TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2025 Refence and admlnistrallve details Trustees Mr K Pemberton (Resigned 1 November 224) Mrs H Spalding Mr L Bf8mley (Resigned 3 Febru8ry 2025} Mis5 E Bentley (Resign l March 2025> Mr I Stsrk Mr A 88veridge Mr l A Gordon Mr A Rowe Ms S H818 Dr W Scott OBE DL Mr J A Robson MBE (appointed 9 August 2024) Ms H Lyne lappolnled 5 December 2024) Mr S J Smblh {apwinted 9 August 20241 MTS A E Hirst lappolntgd 17 February 20251 Charfty number 1140740 Company number 07479562 Charity M8n898r Mrs D Willlamson Prfncipal address Suite 12 Flrsl Floor Cargo Fleet Offices Middlesbrough Unitèd Klngdimn TS6 8XJ Reglsterèd office Suite 12 First Floor Cargo Fleet offices Middlesbrough Unile(i Kingdom TS6 6XJ Independent examiner Anderson 8awrow¢llff Limited 3 Kingftsher Court Bowesfield Park Stockton on Tees TS18 3EX Bankers Handelsbanken First Floor 1 Eggleslon Court Riverside Park Mlddlesbrough United Kingdom TS2 1RU
THE TEESSIDE CHARITY (A COMPANY LIMITED BY GUARANTEE) TRUSTEES, REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2025 The tnjstees who 8re also dSfeclors of the chadty for the purposes of the CompaTh¢s Act 2006, pre8ent their report with the financial stalements of the charity for the year ended 31 March 2025. The financSal slalements have been prepared in accordance with the a¢Unting polides set out in note 110 the ffinandal siatem8nts and ¢omply with the charlty's governing document. lh8 Companie5 Act 2008 and 'A¢11t19 and Rfiptylng by Charities.. Stsiement gf Rocommend¢d Pra¢ti¢e appllcable to charities preparing their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland {FRS 102) leffeclive l January 20191.. In preparing this report the Iwstees have had due regard to guidance publlshed by the Charftles Commission c publlc benefit as requlred urKler ihe Ch8rid8s Act 2011. Stru¢tuYe, gov•rnance and managèm•nt The cganisalicm is a tharitable company limited ty guorantee. The charity Is controlled by Its gtsv6rng document, a dead ol trust conslilules a limited company. limited by guarantee, a5 defined by ihe Companies Acl 2006. 11 is govemed by thè board of truslees and Its articles ol assoaalion of 29 December 2010 as amended by special resolution on 29 May 2015. It is a registered charity vhlh the Chadty Commlssfon. Trustees shall seNe In office for a lemi of ihree years and may be rgappo5nle(l at Ihe end of th8lr term in off for a further Ihre+year term In Offi save Ihal no trustee shall generally serve In office for more than nlng conseculive years unless there are exceptional cirjm5tanceS and11 is In the interests of Ihe charity to re-appoint them beyond nine years. On appolntrnenl new trustses eomplets a dedarallon of 8cceptsnce and w6111ngness to act as a truste8 and consent to b8 a rnember of the charlty. They also cornplo18 and sign a eonfldentiallty ststernent a1 slalemenl ol interests. A Tegistar of interests is maintained and reviewed annually. All trustees grve their time freely and no trustees receive remuneTalon. Related party transactions arg di8dol in the oc£ounts. At th8 general trustees, meetings, hdd bl-annually, Ihe trustees agree broad strategy ¥nd argas of actlvlty tc¥ the chartty. IndUd1 conderation of grant making. investmenL reseTves and iisk management policAe5 and perfomiance. Tr day-lorffjay a¢Jmlnlslratlon of gran15 and the processing and handllng of application5 prior to n$id•ralion by Ihe re16vanl su1)mMIttee Is de5egaled lo the ch8rfty manager and admlnlslration team. Assisting the truslees, the grdnl maklng sub commlttee meet at leo$1 quartedy to consider new grant applications luffilling the levant criterla and make recommendatlons for fundlng. The sub*ommlttee also can$ider the moniloftng infomialion conceming the perforniance of gnIS lo dale. Settlng of pay of key manag•m•nt The Chair, together with iwo trustees are responsible for setting the remuneratlon of the charity manager and ihe wider team. They consider similar roles in comparatlve organlsalions In delem)ining Ihe salary levels and seek extern8J 8dvice.
THE TEESSIDE CHARITY (A COMPANY LIMITED BY GUARANTEE) TRUSTEES. REPORT {CONTINUED){INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2025 ObJ•Gtlves and actlvltles The Teesside Charity was estsblished to provlde sottial and economrc opportynllOe$ that wouhj nth 01hthse hav8 &xlsted in the a8. The charlty's key funclons ar8 to support community groups and facilities based within the Tees Valley area, namely the five authoTrlles of Ihe Tees Valley which includes D8rf1nglon. Hartlepool. Middlesbrough. Redcar 8nd Cleveland and Stocklon-on-Tee5 which pr¢)mole Socoal wellbeing and provide support to those who find Ih8mselves al a disadv8ntsge in the society they Ilve In, Including bul not pxdusively the homeless. those recovering from an addlc16on, the long term unemployed, those living in povety or living with a disability and to SUPPOrt suth people into woth by aGting as a catslyst to employment schemes. The charity helps those on the fflaTgins of sodety be Involved In soryety and not excluded from opportunities. Teesside is a deprlved areo of the UK. il has higher crime rates, more pupils eligible lor school meals and higher unemployment than Ihe national average. However, 11 also has 9reat reslllence 8nd motiV8tion to excel In areas. In tent years our focus has been on supporting the local charities and communlty groups who've dedlcaled theiT efforts to helping those fighlng lo keep Ih6ir heads above water durin9 the energy and wsl of livlng crfsls. The trustees have paid due r89ard to guldance issued by the Charfty Commlssion in decidin9 what actfvibe5 the charlty should undertake.
THE TEESSIDE CHARITY (A COMPANY LIMITED BY GUARANTEE) TRUSTEES, REPORT (CONTINUED)(INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 AIARCH 2025 Gr•nt maklng pollcy Under the lem)s of the articles of ass(180n, the Iwslees apply funds at Iheif discretion for such charliable purposes in the areas of Teesside and any other surrounding areas that the trustees may from time lo lime deryde Ilho 'Obj8cts"). The tru8tees of the charlty seek to support projeGts. s¢hernes, indbvtduals ano organisations {both large and small) fly purposes which help lurther the Oblecls. The number of projects whlch can be supported is. of necessity. limSled to the amfyjnl of total fvnds avaiLable for distribullon In any year. The INsleos have detemilned that the priorlties for funding over the next tsvelve months wlll be: Proj¢¢ts and s¢hem¢$ In afea$ whlch fall wlthln the Tees Valley area. The priorities in Ihis policy will be reviewed every year lor more often if deemed appropriate by the tru51eesl and may be changed in aixordance Mth the trustees. view of the most effective appllcation of avallable fvnd5 al any point in Ilrne. In awardlng grants. the Iruslees wlll apply the following wlnrlples.. ApplicaOon$ from any geographlcal are8 wlthin the UK are eligible for rKJnsideTation, Ibul note that the purposes of any appllcatyon must be lo benofii Teesside or their surroJn¢Jing areas) and wlll be considered on meril alone. Appli¢xnts who have already received fundlng fr Ihe Charlty or whts have bogn prevlou8ly unsuccessful, are not eligible to make a further application for the sgrne proiecl for a period of 1 year from Ihe dale of IhgSr previcus application. All appllcauons from prevlous reclplents of grants or frorn prevSously unsuccessful applicants wlll be constdered by the Iruslees on thelr own merfts. Although the trustees will have regard to the outcome of the previous appllcawon. any new appllcatlon I11 In no way recefve prefwenllal or adverse Gonsideralon. The Charity ¥wll not generally support.. appllcattons from charffjes an annual incorne of more than £2.5 mllllon. appllcattons from natlon81 charities with a regislerad HQ outside of the Tees Vall•y area, appliGalbns for fundlng for more than £10.0, projects or causes deemed to promote or 8dvoc8te a particular rellg5ous faith or belief lallhough we welcome application5 from religious organiSaOn$ whose dellvery of the project benefits the community In a secular fonn), projects or causes Invdn9 animal charfties. liabililles or1055es or proje¢ts Invc4wro the same or appllcaJons for the payment of s81arfes. The charity will willingty work in pathershSp wilh other organis8b.ons lo fvnd initiallves beyond Ihe financlal we of a single oroanisa1ion. The Iwslees wlll not approve the use of the ch8rity'8 funds for polltical pu•e$. All applications for grants should be made In the first Inst8nce to the gistered office of the Charity ¢learfy marked for the attention ol the Granl-making Commlttee. Appllcants may then be asked to complete a fomial 8pplication fonn Ito be completed in conjunction wlth Ihl$ policy).
THE TEESSIDE CHARITY (A COMPANY LIMITED BY GUARANTEE) TRUSTEES. REPORT {CONTINUED){INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2025 Before awarding a grant lo an organi58tion or an individual. the inJst8es require that the 8ppllc8nl should.- Inform the Iruslees of the purpose of the 8pplicathon. delaws of the proffjeoL the Wdy in which the grant will be used and how il wll be managed effectively for its Intended purpose. Infomi the Iruslees of the n8mes of those who are to be involved wllh the projectlwork to be carried out and the it1enlity of the personlsl who will be respongble foT the administration of the grant, Provide adequate inform8b.on regarding the identity and financial stslus of the appllcanl ondlor of Ihe ststus of the peisonlsl who wlll cary out the projecVwort(, Provlde contact detalls of organisalions or Individuals prepared to provide a reference on behatf of the appllcanl {references are compvlsory for first Jme applicants), demonstrate that the reclpienl (whether an organisallon or an Individual) has and will be adequately Insured both in relation lo any equipment and flellilles purchased by the grant but also in relation to any risk of injury arisng by reason of the project or purposes for whlch the grenl is awarded Including injury lo those participaung in that pr.8¢t or those purposes, and Stsle that the applicanl ¥Jndertakes to c(Mnply with the terms and condltFons tsIne in a letter of grantlgrant agreemenl betsveen the charity and the grant reciplent and agree to b& bound by Ihemlll. In addi1Son. applic4nts for grants to cary oul research must.. Provlde assur8rS lo the tharity which are Confirmed in wrrilng by the grant reciplanl that th8 applicant.. Is fulFy authorf5ed by the olgls?bOn in which tho researeh 11 b8 CAJnducled and the grant reclpienl arP1S full responsibility for ils proper man8gem8nt', Will dissemlnale Ihe result8 of the r8seorch to the ldest p0Sble audience as required by the charlty, Will comply wllh all refevant statutory leglslallon and other requirements.. and has obtalned all necessary consents and authorities requlred to carry out the Te$¢ar¢h. All applicalions will be sutyect lo initial assessment to enré they meet the basic crlterla for lundlng. Applications 11 be considered by the Irustses or a panel nominated by them. Meetings to consider applicants will nomally be herd three Umes a year. Detalls of application bmescales and deadline dales may be publiLised by the ch8rfty from time to Ime or obtained by contacting the charlty's registered offlce. Applicatio up lo than £1.000 may be considered sooner and approved by the execullve (save that no more than four donal.ons wlh a combined lolal of £2,000 can be mad8 every four weeks). Appllcants should note th8t. as wth many chariles. thè charity wlll receive lar more applScatlons th8t11 has fund8 to supkx)rt. Even rf a project ffits within the criteria and pilolieS of the charty and a detalled assessment has been made. the charity may still be unable lo provide a gr8nL The trustees wlll Inforni applicants wheth¥ their applicallon has been successfijl withln weeks of the committe8 meeting al which the applScalion is considered. The Iruslees will not be obuged lo provlde an explanathon to the appll¢anl should their applicalton be Unsu$SfU1. It Is the policy of the Iruslees to monitor all grants made. To this end, before a grant can be confirmed, onditions wll be slipulaled appropriate to the work lo be Caled out and progress will be assessed against agieed tsrgels andlor milestones. If Ihe gTanl is payable in inslalmenls. then paymènt of subsequent grant Inslalmenls will be dependent on satisfactory progress havlr)g been demonstrated ané the Ifuslees reserve the right lo wthdraw the grant on receipt of an unsatisfactory progress report. Failure lo submlt a report al the Ilme speufled by the trustegs will also jeopardise the continvabon of the Charity's support. In addition lo reports detsiling progres5, grant reoplents wlll be &xpected to provide.. A slatemenl of how the grant has been spent for the year,. and detsils (where appropriate} of any other funds 8pplled lo the same prolecl. Monitoring vlstts by representatlves of the Charity may be expected during the perlod of a grant. The trusiees also expect to recelve copies of any published aructes. pap8rs or other outputs which may result from the proAecl.
THE TEESSIDE CHARITY (A COMPANY LIMITED BY GUARANTEE) TRUSTEES. REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2025 Whère the purpose cf the grant 15 to fund Search. then the trustees may also slFpulate how the results of such researth should be publL%he¢J and how the Charity's contrlbution should be ad¢nowledyed in any such publlGation. The trustees may reouire the grant reupiènt to publicise the Chadty in any of ils publi(ztions rolafjng to the proie¢tlwork lunded by the grant in the manner slipulaled by the trustees al the lime of making the grant. This policy wa$ adople(i by Ihe Imslee5 in September 2024.
THE TEESSIDE CHARITY (A COMPANY LIMITED BY GUARANTEE) TRUSTEES, REPORT (CONTINUED){INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2025 Achlov•m•nts and performance 2024r2025 has been 8 year of remarkable achlevemenl. made posslble by the generoslty of our supportws and the de(licalion of our stsff and volunteers. Togeiher, we have transfomed lives, strengthened communi118s, and nurtured hop8 a(xos8 Teesslde. Highlights ol the year include: Golden Glve8w8y.' 20 local groups sharod £25,000. emptywerlng local projects that enrich lives and foster connectoon. Charity Ball.. Raised £81.500. lundlry vt•l proofams that creote lastlng ¢hange for Indlvidu81s anil families. F?mlly Supportr. 115 famllles enjoyed a frep brèak in our caravans. providing cherfshed mclnents of re$ptte an¢J logethemess. Education.. Our fourth Teesslde University scholarshlp redpients began Ihelr sludles. opening doors to OPFthunity Ihat wc¥Jld have otherw6se been out of reach. Recognition.. 12 Teesside Hero award5 celebrated extraordinary Indlvlduals whose dedica16on leaves a lasting and Profound impact on their communili8S. Hardshlp Fund.. Over £48.650 dlslribule(I 10 3,345 people, providlng essential support from chlldren's beds and school unifomis to cookers. brlnging comfort. dlgnlty, and relief In Ilmes of need. Community Reach- 104 groups. charities, and clubs shared £278,706. backing vltsl iniliatlves In some of Teesslde's highesl-need areas, many of which serve as lrfellnes for people who rely on them for support. Fe51ive Joy.. Through our second loy appeal, over 3,350 chlldren received gift5, bringing joy and the magic of Christrnas to kids faclng c4rcurnslances beyond th8Sr control. Volunteer Engagement.. Our rN)w estsblished Voluntsering Portal connected supporters wth volunteedng opportunities, hamesslng Skills, dedication. and lime lo enrfch Ilves across our ommunilh8S. Every initsalive we support18 guldeil by Dur unw8verln9 bellef In the transformative power of compassion. As Gharity. our strength lies in bulldlng ¢onn8Ctions that drlve meaningful change area-wlde. These conneclTrons Ilnk buslnesses and individua15 who want lo give back wlth charities and commLJnity groups seeking funding for vllal inilialives. We bring logethef projects seeklng voiunteers and Indlvlduals eager to give thèlr tlme, forniing a netsvotk of support that amplifies impact across Teessi¢Jè. Across thé area. we see the ripple effects of the beneffts of Ihose ¢onnections such as a f8mSly enJoylr¢g 8 rThKh- needed breather in one of our caravans. or a young stutjent taking thelr first steps towar(l a universsty degree, or l¢xal group bringing people together thfough shared purpos8. Eac of these momgnts refiects our commitrnenl lo creab'ng laslr¢g so¢lal value- improvlng lives, nurturing polenli81, bullding rgsilient communles. and FOVitJing support where needed mosl. As we look to 202512026, our vllon is cle8r.' lo ts)ntinue invesong In Initialives that do mole than meet Immediate need. bul that insplre, empower. and transform. We provSde hardship support Ih8t restores dignity. and create volunteer opportunSUes that unleash skills and passbon. Through the projects we help ftjnd. we offer respite. support, and new opportunibes, leaving a18sllng legacy of hope. connection. and core. We believe that every pound enlrusted lo us has the pt)wer lo spark meaningful change. By foslerfng growth. resilience, and confidence. we help indlviduals and Communi8$ not onty to sur¥ive, bul to Ihrfve. And through this Colle¢ve efftr( (donors, volunteers. staff. and partners allkel we can weave a stronger. kSnder. and mole hoFful TeessOd8, one Irotiative. one famlly. and one lrfe at a time.
THE TEESSIDE CHARITY (A COMPANY LIMITED BY GUARANTEE) TRUSTEES. REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2025 Finan¢lal revlew In the financial year eThJed 31 March 20251otsl income was £620,41412024'. £574.233). Total expendiluro for the financ4al year was £608,554 {2024.' £547,772). Thé prfndp81 lunding source5 during the year were donations from local buslnesses and individua15 of £346 831 {2024'. £318,272) and events and acllvilies such as the charity ball. Great North Run, Walk Into the knghl. Sleepout events et. lolallkng £289.995 (2024.. £253.1371. In 2025 annual Incorne exed expenditure by £11,860 (2024.. £28.461) whllsl the increased level of grants Issued was maintained. indicating that overall the financial posilton remains strong. At the period end the unrestiicled reserves were £355.587 (2024= £343.7271. The Iruslees have assessed the major rlsks lo which the ¢hadty Is exposed. and are salisfled Ihal systems are in place lo mitigate exposure to the major flsks. Re5er¥•$ pollcy It is the pollcy of the charity that unrestrfcled funds which have nol been designated for a specific use should be mabnlained al a level equivalent to be¢en six and twelve monlhs, expendllure. The trustees conskler th81 reserves al this leveF will ensure that, in the event of a slgnffi¢ant drop in funding. for example as a result of economic recesslon. they will be ae lo continue the charfty's current acllvlll8s while consideration 18 gNen lo ways in which additional funds m8y be raised. This level ol reswves has been maintalned throughout the year. The ¢hartty's unreslricled general funds were £355,587 (2024.. £343.727) as al 31 March 2025. Of these reserves £75,860 12024: £85.8561 is tied up in the value of tanglble fixed assets leaving free reseNes of £279.92712024.' £257.871 ). Plans for th• future The charity expects to conttnue In 8 similar veln in the fulure. It expects lo adapt ils grant making areas as the communlty's needs evoive. 11 conlinues to have Success in attracting new patrons, both businesses an(1 indlviduals allke.
THE TEESSIDE CHARITY (A COMPANY LIMITED BY GUARANTEE) TRUSTEES. REPORT {CONTINUED){INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2025 Rlfjk Managemont Strategy The truste&s have considered the major risks to whh the charity is exposed and have reviewed those risks and estsblished systems and prctedures lo manage those risks. The Iruslees undertake a risk revlew on an annual basis as part of the business planning process. The Irust$ hove now set up a fomial risk fegister whlch records the pr(edureS and systems that need to be implgmenled lo miugale the risks Ihal have been idenlified and to minimlse the impact on the charlty sttould the rfsks maleriali5e. other slgnfficant areas of rlsk are Identified by the trustees In belng able lo tinUe lo d81iver the aims and objeclfves of Ihe charfty, for example In the current c(Isl of living crisis period and al a time of increasing demand for the services of the charity. The charfty has developed a %de fundlng base whlch Is dellberately not overdependenl on one source oflncome.. the trustees w maintalnSng this broad base as a prforfty. SLgff and trustees have 8 wlde base of skills and extenslve experience. Systems are In place to aid the relention of staff, indudlng stsff supervlslon and appraisal systems. The trustee5 are also aware of those government policy areas that impact on the work of the orgarisation and monitor these. A budget and cash flow forecast Ss produced at the beginnlng of each flnandal year and Is revlewod bl-annually at the general trustees. meetings. FlnanGlal Risks and Fraud The trustees manage thls risk by relalning Irusiées of sufficlent skills. exp8rbse 8nd experience. Each yew the trustees undertak¢ an assessment of finanrial risks as part of the overa11 risk m8nagem8nt strategy, which forms part of the annual business planning process. Particular attention is drawn to the risk of fraud. From the asse$smenl, the principal risks are Identld and approprlate rneasures introdued to reduce these fisk& Serl¢u8 In¢ld¢nts In lin8 wllh Charity CommissKn widance. the twslees will report 8ny serlous Inddents both to the Charlty Commission and in the Annual Report. There have been no serlous Incldgnts to port In the year 31 March 2025. Slructure, govornanc• arKI management The Iruslees, who are also the direclors fof the purpose of company law. who sejved during the year were.. Mr K Pemberton {Resigned 1 November 20241 Mrs H Spalding Mr L Bramley Mlss E Bentley Mr I Stark Mr A 8everldge Mr l A Gordon Mr A Rowe Ms S Hale Drwilliam Scott 08E DL H Lyne Mr J A Robson MBE Mr S J Smllh A E Hlrst (Resigned 3 Febru8ry 20251 (R8sigred 1 March 20251 {Appolnled 5 December 20241 (Appointed 9 August 20241 (Appoinleil 9 August 20241 IAppolnte<l 17 February 2025)
THE TEESSIDE CHARrrY (A COMPANY LIMrrED BY GUARANTEE> TRUSTEES. REPORT (CONTINUED)(INCLUDING DIRECTQRS. REPORT) FOR THE YEAR ENDED 31 MARCH 2025 Tntst•es ar& apprDgc*d lojdn based on Ihe ftAkx¥ig criterta and. aft8r thscussbns, are Invlted ty InIh9 - prt)feSOnal 618ThJlng - Complem6ntsry 8klll Set ts othor trusle96 - Interest In Tee5svJe aml rts ccmmuniti•# - Cc4)peraUve gnd helpful nature None of Ihe truslees has any te¢traI Interesl in the cLnpany. All of the tn1885 8re memr$ of Ihè uJmpany and guarantee to conlrtbute £1 In the •v•nl ol 8 winding up. The thte8S. rewl was apwovod by the Board 0fTn•s. kfr¥ H Spalding TNslee 10-
THE TEESSIDE CHARITY (A COMPANY LIMITED BY GUARANTEE) INDEPENDENT EXAP4JINERE REPORT TO THE TRUSTEES OF THE TEESSIDE CHARITY (A COMPANY LIMITED BY GUARANTEE) I reFJl to the tnths ¢fi my ex8min8liDn of the fin8n¢lal st#ernwts of Tr TeeB8ide Ctorfty {a compgny limw ty gu¥antee> {the chortiyj trthe year ondad 31 ma 202& Ro¥poMlbllltl•8 and basls 4rfr•port As the tr8 of the carfty18nd al80 Its dir8¢tcn fcf the purSe8 of company Ivwl y¢)u arg mF1ble ky prep8Atlon of th& financlal statements In ac£ordwea wrth Ihg reqthments of the Companies Act 201 Ohp 2006 Act). HaviThJ saOsfièJ mysdf that the t7nancl81 statonpts ofthè charfty not reqLlred to uTrJ8r Part 10 of the 20CO 8nd 8r8 dlgibje for irK18pÈndent ex8mlnation. I rowrt in r66PeCt of my •xanwnation of chwlty finarnsal slalements tArriad out under Secti 14S of thg Charlb'esAct 2011 (the 2011 I1. In c8rryN out my eyAmknation I have fd1(Vd al the •ppbLle DIti K41v•n by tho Ch8rlty Cornmwlon urKlgr sec11L 14451) of th8 2011 Ind•pgndent •x•min•f# •l•t•mont S5rKe the charitys gr08s income exCad £250.000 your examinÈr mu8t be a m8mb8r of 8 body Ild In 8tic 145 ollhe 2011 l ¢onfimi that l am qu8Ufied to uThJw18ke thg vAnlr4Oon beuse l am a m•mber oftho Inst of Clwtwèd Aco)untsnts In EngLyKI and Illabs, Is or¢ ofthe Imted bodles. I have complth my OYAMtr1On. l Gixffirm Ih•t matt•rn trw• cm to my attèntlon IA ¢Mrwdlon Yllh the •wntrntion m• cau86 to b81wo thel in ry mthT81 re8pwA". accounlN4 reo(Kds TArn not kekx In rtspeci ofts charfty 88 requlrod ty odtm 388 Of12[)8Art. or 2 ffinancJal statemènts d¢ rntScrd wilh thoge reots fin8ncial ststemerts do nol Mmpfy vAth lh& aco)unlwiB Yerments of sedlon 39B of the 2C#)6 Act othwthAn any requirnment that th& acwurts gr 8 fru• Ir vlwwhA l¥ n( a matt4r consldor•d ++v t rfan indepwvknt exwninal1. or statfments hèv• not teen prepared In a(%ordanr£ wtth the metrtsjs arKI PTirw>l88 of the Satement of Recommerthd Prnctlce for and repryting ty chari1S68 applkaA9 tu GtrwrftleB their xounts in thg sard opplhxble the UK and R•PU1¢Of Ife18nd {FRS 102). be drwhn in INS report In ordèrto er9 o propgr u19[Stann9 pf lh8 to L r8Kod. Janè 88nMtt FCA knlorsm BaffoKliff LlmM8d 3 KiWher Court BAteld Pa TS38 3EX 0.. 1.4111 12S
THE TEESSIDE CHARITY (A COMPANY LIMITED BY GUARANTEE) STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Unr•$trtctgd Unrostrlcted nds funds 2025 2024 N•1 Income from.. Oon8bons and glfts Ch8Titsble acllvltles Chable activities for generallng fvnds 346.831 3,588 269,995 318,272 2,824 253.137 Total InMm• 620.414 574,233 ndSture on: Chaiitable ctivities Direct Costs Fundrai$irwJ and support Costs 317.437 291.117 272,834 274,938 Tot•1 Gharl&ibl• oxp•nd1ffr 608,554 547,772 Not incom• for th• y•rl Nèt movem•nt in funds 11.860 26,461 Fund balances 8t 1 April 2024 343,727 317,266 Fund balances a¢ 31 March 2025 355,587 343,727 All irwme and expenditure derive from Cnilnuing actiwtie5. All fvnds ring the year were urbrestrKled. The statement of financial acllvilles also compiles with the requlremenls for an incomg and expenditure account under Ihe Cornpanles Act 2006.
THE TEESSIDE CHARITY (A COMPANY LIMITED BY GUARANTEE) BALANCE SHEET ASAf31 MARCH2025 Unfestrlded 2025 Unre4trlcl•d 2024 Mot•# Fixed assets Tangible assets 13 75,660 85,856 Curr•nt ajuts Debtors Cash al bank and In h8nd 14 41,609 242.725 38.268 231.067 284,334 269.333 Cr•dltors: amounts falllng du• wlthln 4)n• y•ar 15 14,407) (11,462} Nel current assets 279.927 257.871 Total a$$et$ Ims cwrent liabilit1•8 355,587 343,727 In¢oM¢ fund8 Unrestricted funds- Designated funds: Caravan fund eneral 18,750 12,500 16 18,750 336.837 12.500 331,227 General unrestTlcted lunds 355.587 343.727 355,587 343,727
THE TEESSIDE CHARITY (A COMPANY LIMITED BY GUARANTEE) BALANCE SHEET (CONTINUED) ASAT31 MARCH2025 The company Is enmled lo the ex0mpOn frnm the •udtt requlremanl wntalned in seGlon 477 of the Companies A 2C(E. lor thb ygar ended 31 MÉrth 2025. The fflembers he not requlrnd th• ¢Nnpany tr> obtsln an audlt In a0)rdance wjih 476 of Iho Companles Act 2006. The trustees acknole&at thèir responbItio5 for ensumg Ihal the ¢h8dty keeps a(X0ng rerS vthlch cornply w51h sectlon 386 of the Act and for preparirw financial slolements wlich give a true and falr vlew of Ihe ststs ol affaiTr of thg ¢ompany as at the gnd of the flnanchql year and of Its Irwrnlng resourcés and Applica0 ol resources. Indudlng Its Incm and eypeThJibJre, lor thè financi yèar In 8¢¢ordanco t•Ath tho requlrements of $gCtfjfmS WJ4 and 395 aTrJ whkh othfrrSè compty with the reqLrernents of the Companlos 2006 rel8tlng to tln8rfial statenents, $0 18r a$ applicable to Ihe (wipany. Th08e fffFawal statements have been preparod In ac¢ordanc¢ wlth thg Prtlwslons 8ppllcable to rnmparies subi&t to the small compani85 regjme. ThèaccQuntswere8pprd by the Truslegson..... ....... ........ Mrs H SpfjldirYJ Tru•t•v Comp•ny Reglstrtlon No. 0747•362 14
THE TEESSIDE CHARITY (A COMPANY LIMITED BY GUARANTEE) STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 Notes Cash flows from operating 8ctlvtth¥ Cash generated froffl operatiS 18 14,033 36,753 Investlng actiylties Purdwse of tangible red assets 12.375) {1.632} N•t 5h usod In Invostlng actlvttl (2.375) 11.6321 N•t ¢•sh us•d in financlng •ctlvttl•$ Net In¢rga$g In cuh and cash equlYal•nts 11,658 35,121 Cash orKI cash equivalents al beginning of year 231.067 195,946 Cash and cash •qulval•nts at •nd of y•ar 242,725 231.067
THE TEESSIDE CHARITY (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accountlng pollGI Charlty Snfoimatlon The Teesside Charity (a company limited by guarantee) is a privats company limlled ty guaranlg8 Incorted in England and Wales. The reglstered offlce ts Suite 12 First Fl¢)or. Cargo Fleet Offices. Mlddlesbrough, TS6 6XJ. Unit&J Klngdom. 1,1 Ac¢ountlng convenllon The ffinanual statements have been prepared in accordance with the charity's governing document. Companie8 Act 2006 and 'Accounling and Reporting by Charllies: Statement of Recommended Practice applicable lo charities preparlng their accounts in accordance th the Financial Reporting Stsnd8rd applicable In the UK and Republic of Ireland IFRS 702} {effeclive 1 January 20191. includlng the provisions ol secti 1A"Small En0¢$.. The charity Is a Publ1¢ Beneftt Entity as defined by FRS 102. The fin8ncI81 statements are prepared in sterfing. whid) is the funGtioTral currency of th¢ charlty. Monetary amounts in these finanrAal statements are rounded to the nearest £. The financial statements have been prep8fed under the hlston'cal cost convenuon. The principal COUnt1r poliaes adopted are set out below. 1.2 Golng conc•rn Al the time ol approving the IbnancJal stalements, the trustees have a reasonable expectation that the charity has adequate resou$ lo wnlinue In opeTatlonal e$tnCe for the foreseeable future. Thus the trustees ceffjlnue to adopt the going c¢)ncem basis of a¢xounting in preparing financlal slalements. 1.3 Charltsbl• funds UnrestrScled funds are avollable for use al the dlscr81ksn of the tmstees in futherance of their tharitsble oblectives. Designated funds comprise unrestricted funds thai have been set aside by the trustees f(x partitsjlar purFX)ses. The aim and use of the designated fund is set oul in the notes to the flnanck91 statements. 1A In¢on4ng r•sourc•s Income Is r8cognlsed whèn the charlty is le9ally entitled toll after any performance con¢Jilion$ have been mel. the amounts can be measured reliably, and it is Probable that income wlll be recelved. Cash donations are recognlsed on recelpi. Other donallons are l>)nIsed once the ch8rlty has been notified of the donation, unless perfom)ance condilons require deferral ol the amount. Income tsx rewerable in relation lo donation$ recelved under Gift Ald or deeds of covenant is recognised al the lime of the donalion. Lggacies are rOgnISed on recelpl or OtherSe ff the charlty has been nolofied ol an imFendlng dlstribution, the amount is known, and Tecelpl Is expe¢ted. If the amount is not known, Ihg legacy Is treated as a cLJntingenl asset. 1.5 Grants payab Grants payable are accoLsnled for when paid. Grants payable aro payments m•d¢ to Ihird partie8 in the furtherance of the charitable obpcts ofthe th8TIty.
THE TEESSIDE CHARITY (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting pollci•s 1.6 R•sources exp?nd•d Expenditure is re¢ognis8d once there is a legal or construcllve obligatlon lo transfer enOMiC beneflt lo a third paty, il is probable that a transfer ol econ(¥nic benefits will be ru]re Sn sgtUemgnL and the am*)unl of the obligaticfi can be measured rellabty. Expenditure Is classmed by activlty. The rAtsts of each activity are made up of the total of dlrect rx>sts and shared costs, induding SUPPOrt costs involved In undertaking each acllyity. Dlrecl c051s attributable to a sing actiwity are allocated diredy to th81 actlvlty- Shared costs which contribute lo more than one activity and support costs which are not attributable lo a single activity are apportloned betsveen those activities on a basis consislenl with the use ol resources. Central staff costs are allocaled on the ba5 of twne spenl. and dgprecAation charges are a110¢8tèd on the portion of the asset'5 use. Expenditute is 8ccounled for on an accruals basis and has been classifi8d under headings that aGyreg8le am cost relaling to Ihal category. Where costs cannot be directly attributed to paflicular headlngs they have been allocated to aclNStSes on a b8sis consistent wlih the use of resources. 1.7 Tanglblo fix•d assets T8ngible fixed assets are inilialty measured 31 cost and subsequently measured at cost or valuallon. net ol depredali(fft and any impairmenl1055es. Depre¢iatOon Ss recogni5ed so as lo wrfte off the cost or valualSon of assets less their resldual values over thelr useful lives on ihe fdlowlng bases.. Offlce equipmenl FlxtLKes. fitlrngs and equipment Caravans 3 years straight Ilne 5 years straight line 10 years 5traÉght line The gain or loss arlsing on the dlsposal ol an asset is detefmlned as Ihe dlfferencg betsvegn the sale proceeds and the carying value of the asset. and Is reGognised in the stal8m8nt of financial activitie5. 1.8 Impalmionl of fix•d as$ots Al each reporting end date, the ¢haTty rev18WS the caryin9 amounts of ils tangible assets to delerrnlne whether there is any indication thai those assets have suffered an impalmienl loss. If any such Indication exlsts, tha recover8ble amount of the 8$sel 15 estimated In order lo detem)ine the txlenl of the impairment loss Ittanyl. 1.9 Cash and cash equlval•nts Cash and cash equivalents include cash in hand, deposits held al call with banks, other short-lenrt Ilquid invoslments witr original maturities of Ihree months or less, and bank overdrafts. Bank overdrafts are shown wilhin borrowlngs in current Ilabililes. 1.10 Flnancial In8trum•nts The charity has elocted to apply the provisions of SeGllon 11 'Basic FinancAal Instruments. and Section 12 'Other Finandal Instruments Issues, of FRS 102 to all of Its finandal instrument5. Flnancial Instruments are recognised in Ihe charity's balance Sheel when the charfty bec85 party to the contractual provisions of the instrument. Financi81 assels and Ilablllles are of18el, Mlh the nel amounls Presented in the financial statements. when there is a legally enforceable right lo sel off the recognised amounts and there Is an inlenllon to settle Cfb nel basls or to realise the asset and setue the liabS1ity slmulloneously.
THE TEESSIDE CHARrrY (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 A¢untIN Wicios B45ic finan¢lal as$et5 Basic finandal assets, which Indude debtors and cash and bank balan, are Initlally measured al transaction price including transaction costs and are subsequenlly carrf8d al amortised cost using the effective interest method unless the grrangemenl conslitijtes a finanung transaction, where the transaction is measured al the present value of the lulure reIP1S discounted al 8 Maet rale of interest. Financial assets c18sslfi8d as receNable within one year are nol amortised. B8sl¢ financial liabllities Basic financial Ilabllllies. Including Creditors and bank loans are initially recognised al transaction price unless the arrangement conslilules a finanung transaction, where thé debt instrument is measured al the present value of the lulure payments discounled ¥t a market ra19 of Interest. Finanoal liabilities classiffied as payable within one year are not amorb"sed. Debt instruments s subsequenuy carrfed at arnortlsed ¢o$t. using the effective interest rale method. Trade creditors are obllgations to pay for goods or services that have been acquired in Ihe Ordlnary course of operallons from suppliers. Amounts payable are classified as current liabililses if payment is duè within one year or less. If nol. they ale presented as non•current liabllllies. Trade ¢ditorS are recogniseé inllially at transaction price and subsequently measureii 8t amorbsed cost using the effeclwe interest mèthc4J. Derecognltlon olfinan¢lal Ilabllltl•$ Financial Ilablllts'es are derewised when the charty's conlraclual obligatlons 8xplre or are discharged or cancelled. 1.11 employeè b8n•ffts Thè cost ol any unused holiday entiuement is recognls8d In the perlod In which the employee's services are recefved. Termination benefits are recognised Smmedlaldy as an expense when the charity is demonstrably committed to terminate the employment of an employee or lo provide t8rmlnallon benefits. Critical accountlng estlmates and Judgèm•nts In Ihe applieaion of the charity's accounltng polKies. the trustees are required ID makejudgements, e51imales and assLtmplions about the carryino amount of assets and liabilities Ihal are not readily apparent from other sources. The estimates and as8ocSated assumpfjons are bas8d on historical experience and other factors Ihat are considered to be relevanL Actual re5u115 may dlffer from these eslimalès. The estimaies and underlying assumptn5 are reviewed on an ongoing basls. Revisions to acc4Junn9 e$limales aTe recognised In the period in which the estimate is revisod Whe the reVIOn affects only that period. or In the period of Ihe revision and future perlods where the revision affects both current and fuknre period$. Donation$ and glfts Unrestrl¢t?d Unrestrlctad funds funds genèral g•n$ral 2025 2024 Donaoons and gifts 348.831 318,272 18-
THE TEESSIDE CHARITY (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Ch•rit•bl¢ actlvltleg Unr•st¢ict•d Unr•strfct•d Charitable Charitabl• Income Incom• 2025 2024 Charrtable rentsl income 3,588 2.824 Charltable a¢tivibe$ for gonerating funds Unrestrictad Unrostrlcted funds fund• ggnefal gon•ral 2025 2024 Event income 269,995 253.137
THE TEESSIDE CHARITY (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Charltablo actlvltjes Unr•*trictod Unr•strl¢t•d Tolal Totsl 2025 2024 Dhct ¢Hts Fundralslng Gov•man •nd Support Stsff c05ts Depreclolon and Impalrmenl Runnlng c08ts Event costs Ev¢nt Co$l$- ¥alarie$ Marketing and PR Independent ex8mlnerfs fees Accountancy Bad debts Caravan maintenance and visit 105.8XI 851 17,421 101,690 12.879 44.284 105.850 12,571 17,421 101.890 12.879 44,264 1,575 90,814 12,362 18.972 109.037 12.757 39.290 1,890 1,530 11.720 1.575 4,583 4,583 27,011 31,594 27,738 38,731 289,$42 1,575 316,969 314.396 Grant fundlng of ac11viti {see note 7) 278.706 278.706 233,376 317,437 289,542 1.575 595.675 547,772 Ana1$ by lund unresln.cted funds- general 317,437 289,$42 1.575 608,554 317,437 289,542 1,575 e08.554 For th¢ yèar ond•d 31 Mah 2024 Unrestricted funds-general 272,834 273,046 1,890 547,772 272,834 273,048 1,8 547,772 -?n-
THE TEESSIDE CHARITY (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Charltable a¢dvltleB Comparatlvè year Inlomiatlon Year end•d 31 March 2024 Unrestrict•d DITe¢t costs Fundr4l$lng Go¥•rnan and #upport Total 2024 Staff costs Depreciation and Impaim8nl Running C¢)sts Event costs Event Costs- salartes Marketing and PR Independent examlnerfs fees Accountancy Caravan maintenance 8nd Ylsbt costs 90,814 90,814 12,362 18,972 109.037 12,757 39,290 1.890 1.536 11,720 18.972 109,037 12,757 39.290 1,890 1,536 27.738 27.738 39,458 273,048 1,890 314.396 Grant fvnding of ¥cvIlle$ (see nole 71 233.376 233,376 272,834 273.048 1,890 547,772 -21-
THE TEESSIDE CHARITY (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 7 Gr•nis payab UmstrScted 2025 Grants to charl11 and institutions; Dlrect Golden Hard•hlpChrl•tmas costs Givoawjy Fund Giving 2024 di Vouch8rs Al8 House Hosplc* Auts'sm Matters Bankslde Pmmary Sehorj Billlngham tity up Village Hall ButteThvick Hosprce Chars$ Grants Lid Clean Panel Cl8an Slate Solutions Coach Core Foundation Coalham House EVA Women's Pid FAST Fund Donallons Haruepool Communlty Studio Hlgh Street Vouchers Kilmamock Road Children & Young Peoplè F8mily ResouTce Centre Mlddlesbrough College Mlddlesboroljgh Roller HkeY Norton Sports Charity Open Country PFC Trust Purple Rose CIC Redc8r Development Trusl Resolution Communicalions Ltd Salvation Army Schoof 8u$ Library SNAPS Sparf¢ Asplrauons Tees Valley Ltd Spreadlng Ihe Happlnoss 6.OCXI 6,000 4.872 2,429 2.429 2.000 2.200 2.000 2,200 2,500 2.050 2,050 2,371 3,500 4.050 3.300 4,0 1.151 2.010 2,010 3.045 9,OCQ 2,270 8,500 3,800 3.800 2,750 3.000 3.WD 3.737 3,737 4.886 2.500 5,000 2,500 5,000 5.460 5,000 5,480 5,000 -22-
THE TEESSIDE CHARITY (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEIJIENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 7 Grants payable Unre¥trlcted 2025 UnrestrlGted 2024 Grnnts to charltlos and Institutlon$'. Dirocl Golden HardshlpChrlstma$ costs GIaWaY Fund Glvlng SF¥wts C(mUrdfy Food Charity Stc¢kIc Baptist Church Stockton Men's Shed Stockton Parent Carer Forum Strxkton Wheders CyclSng Club Tees Community Sports cic Tees River Rescue Toes Valley Wheelchair Sports Club Te8sside Abllity Support Centre Teessi(le Alhleycs Fc(slball Club Teesslde Hero Teesside HospSca Teesside International ASrport Tees$lde Lupus Support Group Te8sside Unlvèrslty TeesstrHlve CIC The Junctton FfAJndatiDn The Parents of Frfends of Ash Tr88 Academy Thorn&by Wellness Project Unified Incentlves Ireland Zarach - Tees Valley Zoe's Place Other grants under £2.000 4.340 2,000 5,000 5.000 2,028 2,028 2.879 2.210 2,879 2.210 5.000 5.000 8,078 6.078 11,0(Xt 11.000 12,000 3.150 3.150 3,597 4,233 3.597 4,233 3,400 5.OIKI 15,9CI) 15.9LK) 4,282 2,604 18,290 2.604 2,604 16,OC 23,OTO 13.820 2.180 23.070 2.500 138.960 22,779 15.SC4) 28.831 23.526 90.636 175,289 25,000 48.651 29.766 278,706 233,376 -23-
THE TEESSIDE CHARITY (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 7 Granti payable Comparatlve y•ar Inforniallon Year ended 31 March 2024 UThrestrlct•d 2024 Dlr•¢t Goldgn H•rd$hlpChrlstmas ¢08ts Giv8•way Fund Giving Allce House Hosplce Autism Matters Butterwick Hospice Clean Panel Ckgan Slate Solutions Coach Core Foundation FAST Fund Donations Hartlepwl Community Sludio MKldlesborough Roller Hockey Stockton Pant Carer Forum PFC Trust Salvallon Anny School Bus Llbrary Stockton Bapllst Church Tees Rlver Rescue Teesside Hero Teesslde Hospi¢e Teesside University TeesstrFlve CIC Th8 Parents of Frfends of Ash Tree Academy Thornaby Welln8ss Proj8ct Unifled Incentfves Ireland Zoe's Place other Wants under £2,( 2.500 4.872 2,500 2.371 3.500 5,000 1,151 4.872 2.500 2.371 3,5 5,000 1,151 2.000 2.270 2.270 5.000 2.750 4,886 2.79) 4.888 2,500 2.OC4J 2,540 12.OC#) 2.500 3.400 s.000 2.540 12.000 4,282 2,fJJ4 4.282 2,604 18,290 2,500 136.860 18.290 2,$00 42.966 16,750 47,789 29.45S 108,706 24,250 66,079 34.341 233,376 IndOndent Examiners f•¢ 2025 2024 Fees payat4e in respect of the year 1.575 1.890 Truste•s None of the Iruslees lor any persons connected wlth th8ml recelved any remuneratlon. benefits 01 expenses frorn the charity during the yeai. -24-
THE TEESSIDE CHARITY (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 10 Employo0S NuMr ol •mploy¢es The average Monthly number of employeos during Ihe was.. 2025 Number 2024 Numbor Management and 8dmlnlstraUon There were no employges whose annu81 remunerati was £eO,000 or more. 11 Stsff Costs 202S 2024 Wages and salaries Swial securfty cost$ Employer's Pgnsion contrlbution$ 99.808 3.916 2.126 88,207 1.802 Total staff costs 105,850 90.814 12 Taxation The charity is con*dered lo pass Ihe tests sel out In Paragwh 1 Schedule 6 of the Fln8nce Act 2010 and therefore meets the definitlon of a Gharltable ci%npany lor UK cuporalion tax purposes. Actordingty, the charity is polenlally exempt from taxation in respect of income CY Capllal galns recelved vlthln categories Covered by Part 11 Chapter 3 of the CoTpof8lton T8x Act 2010 or Section 256 of the taxallon of Chargeable Gains Act 1902. to the extent that such inrne or gains are applied excluslvdy to charftable purposes. -?4_
THE TEESSIDE CHARITY {A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 13 T*nglbl• fixed a55•ts Fixturgs. •qulwnont flttlng$ 4nd ulwi•nt rArav•n• Toial At 1 April 2024 Addlltons 4,312 2,376 117,203 121.835 2,376 Al 31 Mar¢h 2025 6.688 320 117,203 124.211 Depr•clatlon and impalrm•nt Al 1 Aprfl 2024 DepreciatiC charged In ihe year 2,234 851 320 33.426 11,720 35,980 12,571 At 31 March 2025 3,085 320 45.146 48,551 C•rying amount Al 31 March 2025 3.603 72.057 75,660 Al 31 Marth 2024 2,078 83.778 85.858 14 Debtor¥ 2025 2024 Amount5 falling du• wlthin Dn• year: Trade debtors Prepayments and accrued Irwrne 24,459 17.150 36.358 1,908 41,609 38.266 15 Cr•drtors'. amounts falling duo wlthln on• y•ar 2025 2024 Trade creditors Accruals armj deferd Income 1,C8 3.339 8.782 2,700 4,407 11.462 -26-
THE TEESSIDE CHARITY (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 16 Deslgnatsd funds The IncJ)me fund$ of Ihe charfty Snclude the follown9 deslgnaled funds vthlch have been set aslde out of unre5tllcled fvnds by the trustees for specAfic purposes: Movement In fvnds Incornlng Tr$1• 8alanM r•8ourc•$ 31 March 2026 BalarKg 01 1 APFII 2024 Caravan fund 12,500 6.250 18,750 12.500 6,250 18,7 In 2023 It was age¢l lo alloca £50.0(X) ov8r the next 8 years at £6,250 per annum towards the wrchaso of the next Garavan. 17 R•lated party trans•ctlons Romuneration of k•y managem•nt p8pJonnel The remuneration of key management petsonnel (including employer pension contrfbutions and employer national insurance) 1$ as fdltrws. 2025 2024 Aggregats remuneratl- Charlty manager 46.895 44.403 -27-
THE TEESSIDE CHARITY (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 17 R•lat•d party traMa¢tlons Tran8aCtlons wlth rel•ted partles During the year thè charity entered into the following Iransodtgns with rdated parties.. Donatlon8 and patronau• rnc•lv•d Personal Company 2025 2025 Pureha$e of $•rvlces Company 2025 Balance outst•ndlnu Company 2025 Trustee Relat•d tompafiy K Pernberton Aciive Financial Planners Lirnited H Spalding Mandale Propety Group Ltd L Bramley Ward Hadaway E Benlley Bentleys Coffee Shop I Stalk A Bèveridge The Builij Dlrectory l Gordon Vitality Dental Ltd A Rowe A2ets Hddings LNmlled S Hale PX Limited W Scott Wilton Group J Robson H Lyne S Smith A HITSt 4.325 10.667 10,685 130 460 720 2.043 667 558 12.137 125 4,$83 8,390 11,364 3.846 305 1,686 934 6.329 2.780 24 7,767 Swinbume Maddison 300 300 Pneuma Group 11,860 2.560 18 Cash gengr8t8d from oyrations 2025 2024 Surplus for the year 11,860 26,461 Adjuslmenls for.. Depreciation and impaimenl of tangible fixed assets 12,571 12,362 Movements Sn working C8pltal: Ilncrease} in deblors (Decreaseyincrease in credllors 13,3431 17,055} 18.179) 6,109 Cash g•nerat•d from opgratlons 14.033 36,753 19 A11* of ¢hang•$ in n•t funds The chatlty had no debt durlng the year -?A.