Company regislratioTh numbei.: 07348393 Charity registration nutnber.. 1140932 North Tyne & Redesdale Community Partnership {A company limited by guaranlcc) Annual Rcport and financial Stateincnts for thc Ycar Ended 31 August 2023 l Y N l-- 11 (- l) E North Tyne & Redesdale Community Partnership Content5 Reference and Administrative Detai15 Strategi¢ Report Tntste¢5' Report 3to9 Independent ExaMine￿S Report Statemeni of Financial Activities Balance Sheet 12to 13 Notes to the Financial Staternenls 14to21 North Tyne & Rcdcsdalc Community Partnership Reference and Administrative Details Trustces C Billany M Liiile N Denliam M C Wilson M Dickson-Green B Dickson.Grcen A14air J Morton Charlty Registration Numbcr 1140932 Company R¢gistr4Éion Number 07348393 The chariry is incorporated in England and Wal¢s. Station l.lousc Station Yard 13cllingham Hcxhain Northumbci'land NE48 2DCJ Rcglstcred Office Ind¢pendonl ExHmiiicr Christopher Qilli¢ fccA Lloyds L4ank Hous¢ Bcllinghain Hcxham Northuinb¢rland Nf48 211A Page I North Tync & Rcdc5dale Community Partnership Strategic Report for the Ycar Ended 31 August 2023 The trustees, who are directors for the purposes of company law, present their sirategic report for the year ended 31 August 2023. in compliance with s414C of the Conipanies Act 2006. The strategic report was appToved by the trustees of the charity on Q.g.l.o.:)1.2.Ibnd signed on its behalf by.. C Billany Trustee M Dickson-Grcen Trustce Page 2 North Tyn¢ & Rcdcsdalc Community Partnership Trustees, Report Stru¢ture* governance and_manAgemertt GoverRtng document The organisation is a ¢haritable company limited by guarantee, which was incorporaied 17tli Allgus(2010. The ¢omp2ny was cstablishcd under a Meinoraiiduin of Associdiiun whiLh e&14Lblishttd thL powers iind objcc15 of ihe ¢haritabl¢ ¢ompany and is govcrned under its Articles of A5suciation. In thc Event ofthe company being wound up, m¢mb¢rs arc rcquii'cd to contributc ali amount not cxceedints £1. Recruitmcnt and appo_l_ntment of_tru&tces The dir¢¢tor8 of the company are also charity trusiees for the purposes of charily law. Direclors ofNTRCP make all dccision8 jointly. To aid the day to day running of the cliarily. the dErttLlurs appoinl IhrLe orriLers- Ihc Chair, Tr¢a5urcr and Sccretary. All trustecs give thcir time voluntarily end receive no benefits from the ¢h8rity- Any trunsa¢tions betwe¢n the ¢harity and its Iru.stccs arc at anns length ba$is and are detailed in th¢ r¢lovant note lo the financigl statements. As p¢r the requircments of the Anicles of Asso¢ialion. all offi¢¢r roles will be r¢-el¢¢ted on on annual basis. All truslcc5 must be re-elected after thr¢¢ y¢ars. with 8 maximum of one third of trust¢e$ being pul up for re-el¢¢tion ateach AGM. Truslce inductjon and ¢ralnlng DLlailcd informalion lias bccn produced io hclp ncw trustCLS dnd madc uvailablL' (hrough thL NTRCP websitc, inLluding "fhL r.. '4sei)lial .1 rustce. 8uidc crcated by thc Lhdrity Ciimmission. -thi% is couplLd with .%hon $upport Diccliiig4 with tlic Chair to cnsure that any 4UL$tions tan bc aiiswLrLd and Iliat adcqudte support is offercd to new ITusl¢es. Objcctives H¢tjvitloJ The aim of NTRCP is to improve the quality of life for those living, working and visiting tlie arca (North Tyne and Rede5dalc vallcysl. NTRCP coinplcmcnts thc non-%latutoiy work of Lllc l)ai'i%li C.ouiicils, in its al)ility to source and secui'e funding lor projccts, It also, whcrc possiblc supports and cncoul'agcs 5UStainablc Bnd e¢onoini¢ development within the cominunitics It serves. NI'RCP takes a broad view of helping lo Inake thc North Tyne and Redesdale areas a great p12ce for people to live in, work in and visit. We undertakc activilies rclaiinK to.. so¢ial inclusion: including those surrounding rural isolation for the wholc communily, but wilh special foeus on ili¢ youiig and over 60s. poverty rclicf.. bod3 relating to food poverry and data poverty. as wcll as access for all residcnts lo important services local e¢onoiny.- en¢ouruging invesuneni into the area, tourism and providing support for local small busine5S aiid good quality local careers for residenis environmental sustainability: onsuriiig thai local nature is preserved. proiectrd and enhanced. Achicvements and _Performante- Chairm#￿_,&_RQp￿r.¢ North Tyne and Rcdc5dalc Community Partnership (NTRCP) has had a busy year in 2023, with a fvll return to nomial operations and continued work at improving the quality of life for ihose living in the North Tyne and Rcdesdale area. Page 3 North Tyne & Redesdale Community Partnership Trustccs, Report NTRCP has continued its work through.. offtring coach trips and other events for over-60s to help tombat rhe high risk tsf social isolation in the rural Ntsrth Tyne and R£desdalc area continuing to inv¢st in tlic support of youih groups and projects enabling youngst¢rs to illeet and undertake * turther investment in our busin¢5s pr¢mis¢s to ensurc they cOntin￿e to provide ¥ home for vit81 local businesses, boosiing local employment and providing carecrs for rcsidents supporting the printing and adv¢rtising of local busincss directories. expanding its public Wi-fi off¢ring to Kicld¢r, Palstone and Barrasford (in partnership with WeFibre and B4RN), helping io expand operBtions inlo thc wider North Tyne area continuation of Ihe weekly Sovp and Sandwich socials, which have become important SOC181 fixtures for around 50 residents each Monday continued investmeni in the Community Pantry, which has now saved over 9 tonnes of food froin going lo waste * offering a restarted over-60s Christmas dinncr in Partncisliip with Bellingham Golf Club. NTRCP has also taken the opportunity to expaiid iiito th¢ provision of Wi-Fi for local shows in Falston¢, Bellingham and Elsdon. This hÈt¥ enabled NTRCP to support Incal traders at these evenis. In addilion, NTRCP has been able tu receive a free pitch 8t ea¢h event, allowing for increased brand awor¢ness and an expAn5ion lo its volunteer nelwurk. P4tw #ttlvlllo During the year, the Partnership h95 undertaken 50mE major new activities. The Partnership has expanded its Wi-fi provi$ion8 into n¢w arcas, including Kielder. Falstone and Battasfoi'd. Thc ncw wi.fi alsu hclps us to tdckling dats pov¢rty, supporting pcoplc who niay iiot have their rjwn rcliable internel sei'vice tu aLcLSS scrvice5 and support. Our Wi-fi 18 also bcing uscd io build rcsilicncc into tlic data provisiun in the dfLa, alluwing us to off¢r Wi-fi ¢alling and emciBeiicy coiiimunication for rc.gidcntg for som¢ timL in tlic eveiit of a power ¢ut - which has be¢n proven to be vital aftcr the damagc causcd by Stom) Anveii. We are grateful to our ongoing partners Wel",ibre, as well as our new p8rtners B4RN foi. hclpin8 us io provide these services. Our Wi-fi has ulso been used to provide support for Bellingham Show, as well as (for the first time) Elsdon and ralsione shows. Our 0￿ering of Wi-l.'i allowed N'I'RCP lo l)av¢ a frec piich fit each of these events, helping u$ ¢0 raise moncy as well as awor¢ness of our operations with local residcnts. In addition, the Pllrtii¢rship rail its first Quizingo night (which will hopcfully bceotnc an aiinual cyenl) at the Town Ilall, rthising funds foi. the Over-60s Lhristmus Dinner as well as providing a really flin social cvent for local residents. It was great to sce a big tumout and thanks to evciyonc who volunteered. Ongoing getlvltles These ongoing activities have included.. ongoing improvements to Station Yard and our other business premises. These provide important spa¢es for the local economy. as well as providing rental income ihat we invest into our community activitics. coach trips to local over 60s these trip5 have been wcll atlended ihroughoui the year continued support for North Tyne Youth through the provision of in(emet access and TV facilities supporting local business in partnership with Charlotte Lloyd and Churches Together by the priniing of the local business directory. Page 4 North Tync & Rcdesdale Community Partnership Trustees, Report maintenance of Bellingham Community Panty- this has now saved over 9 tonnes of food 2nd other waste th&t would have gone to landtill. While this continues to be a key initiative for the Partnership, it is recognised that the Pantry faces several challenges, in partitular the reduced arnount of food w2Ste from local supem12rkets which is currenily atfecting all food charities. a successful retum to providino the over-60s Christmas Dinner in 2022. Thank you lo all th¢ hard work put in by our trustec5- especially Margr¢t Wi150n ond Christin¢ Billaney- which made the ¢v¢ni a great su¢¢¢ss. We would also like to thank Waitrose for thcir support of tlii5 cvent. Finally. this year has b¢en a year for working with others in our community and wider area. Doing this is a koy part of our reason for existing to act as a partnership with othci's for the benefit of thc area we live in. I'd like io esp¢¢ially mention the following partners we have worked with over the last y¢aT.' Reed Flall we wothld lik¢ to thank the Committc¢ for ihcir.5UPPOrt of our opcrations by giving us spa¢¢ to use for our meetings and AGM. It is i)iu¢li appr¢¢iat¢d. W¢ havc b¢¢n happy to be 4bl¢ io help pi'ovidc support with new Wi-Fi systems lor ili¢ liall, as w¢ll as Iielpiiig to ¢ot)sult 01) giant applications relaiiiig io Coinmunity Re&ilienLe. We luok forw¥rd to buildiii¥ 011 (hi5 pai1n¢rship li) Lh¢ Coining ycars. • The l own Hall aiid Si Cutlibcrt'5 botl) l)ost part5 of our fT¢¢ Wi-fi n¢twork. Thi¥ only benefirs residents and visilors. but it lias helped iu suppoi'l tlicir activilics for ih¢ ben¢lit of our coinniuniLy. • Northurnberldnd Counly Council lius bccn a vilal pai1n¢i' ov¢r lh¢ last year, providin8 funding fur our opcrations as well as support, adverti%iiig and advice. I would likc to take ihe opportunily to thank them for their suppori. During thc ycar LIILY l)avL consulicd willi us on rui'al is4uc¥ such as coillniunication rLsilicnce, rural food sharing ¥Lnd dLvLIupmLnl and wc l()ak forward tn cxtcnding Iliis in ihe coining yLafs. Vaitcnfall Ray Wind fund liuvc pix)vidcd us willi signifi¢ani luiiding for uur activi¢ic5 in (h¢ year and w¢ WOLild lik¢ lo cxprcs.s gratitudc lo ihcin. Volunicers wo hav¢ had a nuiiib¢r ofvolun¢¢rrs IEil¢¢n, M#rk,-l Ta¢¢y, Su¢, l.8urn, Bcatricc and oihcrs) who have hclped us with our operations- in parti¢ular th¢ running ofih¢ Paniry and th¢ Soup and Sandwicli cvcnts and I'd lik¢ to say how graicful we arc for ih¢ir ongoing supporl. 'I'¢i)anrs - we'd like to thank all our ienanls. Wc have a grcat working r¢lationship with our busiii¢ss Icnants and we look forward to working together in future. Thank you foi. helping to invest in our ¢ommuniiy 'I'he Lo-op and Wailr05¢, the L40¢ RI￿ Carriage5, 'fea on the I l'ain, I".ountain Cotiage 4Lnd otlicr lo¢al busii)esse5 as well as funding from tli¢ Lts-op, w¢ have had a lo¢ of support froin iliese businesscs for the Comn)unity Panlly, and for the provision of prizes for our social evcnis. inanci21 Revfew For a small charity sucli as N'fRCP, the (rustees ai'¢ aware thai operations are often very dependent on cash tlow. Durin8 tlie y¢ar, iji spit¢ of ili¢ in¢r¢ascd ¢xp¢ndilure Gauscd by th¢ new activities undcltaken by NTRCP. wo hav¢ seen a 51ight rise in ¢8sh balances, helping to ¢n5urc thal we are in a 5tr01)g posÈtion to continue our opcrations into th¢ coining year. This security of NTRCP's income was aided through a nurnber of key Sources in the y¢ar'. rcnt froin teiiants- all available office spacc owiied by NTRCP was fully utilised in tlie period and rcnt revicw5 were vndertakoii in line with rclevant contracts. Addilional rental income wa5 achi¢ved ihrough tlie rental of storage spacc within the Statioii Yard sile. grant income- NTRCP was successful in applying for a nuinbcr of grants lo support our Community Palltry and Soup and Sandwich events. helping to offset some of the development costs of this. Page 5 North Tyne & Redcsdale CommunAty Partncrship Trustees, R¢port NTRCP'S trustee5 do not foresee any material risks to its major streams of income in the coming year and analysis has suggested that w¢ are well placed to be able io rationalise our operdtions in the eveni of any unexpected loss of rental income. P_IAll5.Ior fwtyre periodi NTRCP has thc following aims and key objectives for the forthcomin8 periods, subject 10 5at15factory funding a￿angeMents.. Maintain current levels of service for tl)e elderlylyoung and look at optiun5 to expand this provision Look to incrcase collaborative partnerships wilh other local ènd wider area organisalions to expand our serviccs to thc widcr Nonh Tync and Redesdale area Ongoing invcstmcnt in thc 8tation Yard site to maximise lis usefulness for Ioc81 business As well Bs improving the finan¢ial sustainability of Nl'RCP, including work to attempt to secure an asset iransfcr of land from Nortliuinbcrland County Council to allow for furtlier expansion ofthe sile at Station Yard. Continu¢ to expand brand awarcnc5s so pcoplc know what NTRCP'S operation5 involve driving uptake of services, as well as hclping us to maximisc voluntcering and locuie new Iruslees Expand our considoration of cnvironm¢ntal aclian within the North Tyne and Redesdale area. Looking Rh¢ad So - il bcBn a b￿$Y year for tb¢ Partnership, with an increase in our activities with some 8rcai new initiatives and a largc boost to uur l)rand awarcness in thc arca. In the coming year we plan to continue growing our brand through maintenance of our existing ijfferings while looking at ncw initi&tives lo support th¢ locol arco, as WLII as cxpandiiig Ihein into ihc widcr N011h I'ynL and Redesdale ar¢a. We will a150 continue cn5uring our financial stability to enable us to continue fijnding our work. It lia5 be¢n a strong year for the Parincrship, I would like to thank everyone agoin for Iheir httrd work and ¢nrouragc anyonc who would like ¢0 get involvcd in building and %upportin8 our community to gct in touch ond onsider volunteering andlor bccomiiig a trustcc. Email us 8t.. ¢ontactU5@nircp.or8. Martin Di¢kson-(ireen Chaimian - North I'yne & Redesdale Community Partnership North Tync & Rcdesdale Community Partnership Trustees, Report T_ru5tees'_Report The irustees. who are directoi's for the purposts of ¢ompany law, prcsent the annual report togeth¢r with the financial statcmenls of the Lliiwitdble cotnpany for tli¢ year ¢iid¢d 31 August 2023. Objeetlve$ and activitles Public beiiefil lkne directors believe (hal our obje¢tives as well as our activitie5 5at15fy both ¢lements of the public benefit requirement. The direct benefits thai flow from our activilies include.. Reduction in social isolation in particular ainongst young and older mcmb¢rs of our commut)iiy. This is evidenccd by the positive feedback we received from local residents who use our $ervice$ as well as th¢ir well-atteiided nature and incrcasii)g level of demand. Reduction in food waste ihe Community Paniry uses ihe Wel￿h1 of foud saved as a mciric. Within five weeks t]ie Paniry had saved over hdifa niEITlC loii or rood and tl)i$ rale of u5uge l)#$ b¢cn acc2lLryting, benefitinu local residents as well as saving on C02 froni wasie food. Benefits to the local economy as we operate the maiii offiec 5igli¢s wi¢l)in tho immediate area, our work dcveloping affordable, quality offices lielp support five local businesses directly, with ov¢r a dozen jobs cutTcntly supported throiigh our 0￿1¢¢ spa¢e. The trustces make th¢ir d¢¢ision$ on their a￿1Vill¢S with r¢gard ¢0 th¢ Charity Commi3510ll's guidan¢e on publi benclit. The truslc¥s confinn that they havc coinplicd with the requirctncnis of sctlion 4 of the Charilics Act 201 I to have due regai'd tu ihe public bcnclit guidancc published by thc Lharity Coinmission for England and Walcs. Groiil iiifikliigpollcles The charity prtsvidcs wliere feasibl¢ start up granis to initiatives that will b¢nefit th¢ ¢ominunity and surrounding &rca whcrc thcy fit in with thc aiins of ili¢ cliarity. inancial Instrum¢rtt$ Objetllves uiidpollcles The charity's acliviiiLs exp05L it Io d nuinbcr of financial I'isks including crcdil risk, Lasli flow risk and liquidity risk. The use of financial dei'ivatives is 8ovcrn¢d by tlie charity's poli¢i¢s approved by thc board of irustees, which pr(Ivide wrii(en principles on ilie use of financial d¢rivativ¢s ¢0 m8n88¢ thes¢ risks. The charity does not ubL derivalive financial iiistruinents for speculative purposes. North Tyne & Redesdale Community Partnership Trust¢es' Report Creflil risk The cliarily's principal financial assets are bank balance% and cash, trade and other receivables, and investments. The charity's credit risk is primarily attributable to its trade receivables. The amounts presented in ihe bdl&tllLe sheet are net of allowance5 for doubtlul receivabl¢$. An allowancc for impairment is made where there 15 an identified loss evcnt which. based on previous experience. is evidence of a reduction in the recoverability of ihe Cash flows. The credit risk orh liquid funds and derivaiive financial instrument5 is limitcd bccausc thc counterparties are bank5 Wlth high credit-rati118s assigned by international ¢r¢dit.ratin(t agcncies. 'rhe charity has Jio significant concentration of credit risk, with exposure spread over a large number of counterparties and customers. Llqiilillty rlsk In order to maintain liquidity to ellsurc that sufficient ￿ndS are available for ongoing operations and future developments. the ¢118rity uses a mixture of long-tenn and shoi'l-tenn debt financ¢. rurther details regardiiig liquidity risk cali bc fouiid in the Stalement of kLLcuunting policies in the financial ststeinents. Statement of Tru$lc¢s' R¢5ponsibi1Stlos Tlie trustccs (who are dlso thL, direLLors of North 'fyne & Rcdesdale Community Partnership for tbc piirposes of company law) are responsible for preparing ihc Iruslcc.s' rcport and the finAncial staiLments in ac¢ordancc with thc Uniicd Kingdom Acciiunting St8J)dards (United Kingdom Generally A¢¢¢pled Accounting Praciice) and applicablc Idw and rcgiilalions. Company law requires the trustees to prepare finan¢ial statements foi. each financial year. Under company law thc IrustCC5 Inu$t not approvc the financial Slatel￿OnI9 unlcss Ihly 4TC.%atislicd ihat tlicy give a Iruc and fair view of Ilic 4latc of aflaii's of ilic charilgblc cump#ny and of ils incuining resources ai)d application of rcsOUI'¢CS, in¢luding ils incomc and expcnditure, for that period, Iii preparing thes¢ finuncial stalemeiits, the Irustccs are required to.. Elcct 8uitabl¢ ac¢oun¢ing policies and apply thoin consisl¢nily,' observe the methods and principles in ihe Charities SOkP' make judgL'moi)ts aiid ¢stima¢¢s that are reasonable and prudent. sia¢e whether applicable UK Accounting Standards have bgen followed, subject to any material departure5 disclos¢d and explained in the financial siatetnEllt5' and prcp&re the financial 4tatcmcnt5 on the going concem basis uiiless it is inapproprialc to presume that the charitable company will continuc in business. The trustees are responsible for keepin8 adequate accounting records that are sufficient to show and explain the charitable company'5 transactions and disclose with reasonable acLurdCy at any time the fipancial p051tion of the charitable company and enable them 19 ensure ihat ihe finaiicial statements ¢omply with the Companies Act 2006. They are also responsible for safeguarding ihe assets of Ihe chdritable company and hence for taking reasonable Steps for the prevention and detection of fTaud and oiher irregularities. North Tyne & Rcdesdalc Community Partnershlp Trustees, Report The annual report wos approved by the trugtees of the charity on (Yl.l.¢>5.12*and signcd on its behalf by- C BillAny Trustee M Dickson-Green Truslee Page 9 North Tyne & R¢d¢sdale Community Partnership Independent Exgmin¢r's Report to the trustees ofNorth Tyne & Rcdesdale Community Partnership ("the Company") I repon io the charity trustees on my examination of the accounts of the Company for the year ended 31 August 2023. R¢sponsibllitles a)Jd basi$ of report As the tharily'5 ITU51ee5 Qf the Company (and also its directors f(Trr the purposes of company law) you are responsibl¢ for ihc prcpara¢ion of the accounts in accordance with thc requirem¢nts of the Companies Act 2006 ('the 2006 Act,). Having baiisficd Iny5elf that the accounts ofNorth Tyne & Rcdcsdale Cojnmuiiity Partnership are not required to bE aildiled under Part 16 of tlie 2006 Act and are ¢ligiblc for indepeiideiit examination. I report in Te5pccI of my examinalion ufyour cliarity's accounts as carried out und¢r se¢tion 145 of ihc Chariiics Act 2011 ('Ihe 2011 Act,). In CArrying out my evdmina¢ioii I have folloived the Dir¢¢tion5 given by the Charity Coinmission under secti011 145(5){b) of Ihe 201 l Acl. Independent ¢xAminer's 8t8lemcnt I hllvc complcled my exomination. l ¢onfirm that no matters have come io my a¢tention in conne¢tioTh with the examination giving me cau5¢ to b¢li¢v¢'. accounting records were not kept in r¢5pect of North Tyne & Redesdale Community Partnership As r¢(iuii'ed by 5¢clion 386 of the 2006 Act. or 2. the UCLounis do not a¢¢ord with thosc rccords. or 3. tlie accounts do not comply with ihc 8¢¢ounting rcquircincnts of scction 396 of the 2006 Act oiher ihan ny Icquircincnt that ihc uLcuunts give 8 'tru¢ and fair vicw, whicli is not a matier con&idLr¢d as parl ol. an independent examinalion. or 4. tli¢ ac¢oun15 have nol been prepai'cd in a¢¢ordance willi Ihc Ineihods ond principlcs of the St8¢¢ment of Recomin¢nded Praclice for aCLVUntin8 and roporling by cliarilics lapplicablc to charilics prcpariiig tl)eir #ccounts in accordance with the l-.inaii¢ial Rgporting Standard applicable in tlie UK and Republic of Ircland (fRS 102)]. I have no concerns and have coime a¢ross no othcr matters in conncction with the cxamination to which attention should be drawn in this report in order to enable a proper undcrstttnding of the accounts to be reached. Chrislopher Gillre Lloyds Bank Ilouse Bcllingham Hexham Northumberland NF48 2BA Datc.. ..1... ..1...2oLy 05 Page 10 North Tyne & Redesdale Community Partnership Statement of Financial Activities for the Ycar Ended 31 August 2023 (Including Income And xpenditur¢ Account and Statemcnt of Total Ilecogniscd Gains and Losses) Unrestricted fund5 Restricted funds Elldowment funds To¢al 2023 Note Ineome and Endowmcnt5 from: Donations and legacies Other trading activities Total income 10,429 24,738 10,429 24,738 35.167 35,167 Expcilditure on: Charitable aclivitiES Othcr expcnditurc (31,392) 1,346) (31,J92) 2,484 (1.138 Total expenditure (32.738 33,876 Net incomcl{cxpenditurc) Ncl movcmcnt in funds 2,429 1,291 2,429 (1,138) 1,291 R¢¢ort¢ilL8tion of fuiids Total funds brought forward Total ￿ndS ¢arried forward 20,709 4,551 282,500 307,760 14 23,138 Unre4trlLtL.d funds 3,413 282,500 Endu1V￿Cnt f￿ndS 309,051 TolAI 2022 Re¥trlcted runds Note Incornc Rnd Endowmcnt$ from: Donations and lega¢i¢s Other trading activities 6,622 20,182 6,622 20,182 Total income 26,804 26,804 Expendlturt on: Chllritable aclivitics Other expenditure Total expenditure Nel incomel(expenditure) (21,171) (546 (2,063) (21,717 23,234) 5,087 1.517 3,570 Net movemeni iii funds 5,087 11.517) 3.570 Reconciliation of funds Total fijnds brought forward 15,622 6,068 282,500 304,190 Total funds carried forward 14 20,709 4,551 282,500 307,760 All of the charity's activities derive from continuints operations during the above two periods. The ￿ndS breakdown for 2022 is shown in note 14. The notes on pa(Tes 14 to 21 foTrn an Éiilcgral part of these financial Statements. Pagell North Tyn¢ & Rede5dale Community Partnership (Registration number: 07348393) Balance Shcet As ot 31 August 2023 2023 2022 Note Fixed assets Tangible asscls 10 290.340 289.072 Current a55ets Dcbiors Cash at bank and in hand 1,099 12 24,370 27,007 21,025 Credltors: Amount5 falling duc within one year 13 8,296 N¢t eurrtni as$¢l$ 18,688 Ncl a$$¢t5 309,051 307 760 Funds of the ch2rlty: Endowmcnt funds 282,500 282.500 Rc41rlctLd Incarne fund5 Restri¢¢cd funds 3,413 4.551 Unrcstrlcted Income funds Unrcstricted funds 23,138 20,709 Total fund$ 14 309,051 307.760 Fior thc fiiiancial ycar cnding 31 August 2(123 Ihe charity was en¢iil¢d to exemption from audit under section 477 f thc Compynics Act 2006 relaling lo sinall conipunies. Directors, rcsponsibilitie$'. The members huve noi required the charity to obtain an audit of its accounts for the year tn question in accordance with section 476. aiid The directors acknuwl¢d¥e their rcsponsibilities for complying with thc requirements of the Act with reSp￿t to a¢¢ounting recurcls and ihe preparation of accounts. The notes on pages 14 to 21 forrn an integral part of these financial statements. Page 12 North Tyne & Redesdale Community Partnership (Registration numb¢r: 07348393) Balance Sheet as at 31 August 2023 I'he financial 5tatcm¢nt5 on pages I I to 21 were approved by the irusiees. and auihorised for issue on -o.8.{o.s1.24and 5Egn¢d on theii. behalf by.. C Billany Trustee M t)icksoii.Greon Trustee The notes on pages 14 to 21 fom an inteotal part of these finaneial statcmcnts. Page 13 North Tyne & Redesdale Community Partnership Notcs to the Financi21 St2temcnts for thc Ycar Endcd 31 August 2023 I Charity status The charity 1$ limitcd by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the trustee5 is liable to Gontribute an amount not exceeding £1 towards the assets of the charity in the event of liquidatton. Tlie address of iEs registei'ed office ig.. Sta(ion l-louse Staiion Yard Bellingham Hcxham Nonhumberland NE48 2DG 2 Accounting policie5 Summary of gignificant Rccounting policlcs ¥tnd key aeeountlng estlmAte$ The principal accoiinling policies applied in thtt prewdralion of these financial statements are set out below. These policies have be¢n ¢onsist¢n¢ly applied to all th¢ yearg pres¢ntcd, unlc5S Otherwise stated. Stalcmcnt of compllance The finanLiul .4tatLnients have been pr¢pored in a¢¢ordanc¢ with Accountin8 and Reportii)g by Charities.. Statement of Rccommcnded l)rnctice {appli¢abl¢ LO ¢harili¢s prcparing their aLLounls in accordance will) the Findncittl Rcpvning Standard upplicablc iii Ili¢ UK and Republic of Irclund {fRS 102)) {is%ucd in October 2019) {Churities SORII {fRS 102)), tlie l.'iiian¢ial Rcporting Siandard applicablc in the UK and Ilepublic of Iirland (FRS 102) and the Companics Act 2006. Basls of proparalion North Tync & Rcdesdale Coinmut)ity Partnership meets the dvfinition of a public benefit entiry Iindcr FRS 102. Assets oiid lillbilities ar¢ inilially re¢ognised ai historiLal cost or transaction Vdlue unless otherwise stated in the relevaiit accoun¢ing poli¢y noies. Golng cone¢rn ThE tru%tcc4 consider that there ale no material uncertainties aboui the chariry's abiliry to continue as a going conccrn nor any significant area5 ofuncertainty that affect the carrying Value of assets held by the charity. Exttnption from prcpxring # ea5h fltsw $taletnent Thc cliartty optcd to Early adopt Bulletin I published on 2 February 2016 and have therefore not included a ¢8$h flow statcmcnt in tlicsc fTnancial statements. Ineome and erldowments All incomc is rccogniscd once the charity has entitlement to the income, it is probable that the income will be reccived and thc amount of thc income receivoble can be measured reliably. Page 14 North Tyne & Redesdal¢ Community Partnership Notes to the Financial Statements for the Year Ended 31 August 2023 Doiiftlioiis rtiid Itgftcies Donations are recowii5ed whpn the charity has been notified in writino of both the amount and scttlement date. In tlic event that a donation is subject to conditions that require a level of perforniance by the charity btfore the charity is entitled to th¢ fi]nds. the iNcome is deferred and not recognised until either tliose conditions are ￿1]Y mct. or the fulfiltnenl of th05e conditions is wholly within ihe control of lh¢ ¢harity end il is probable that these conditions will be fuifill¢d in th¢ reporting period. Grlllils recelvftble Grdnis are recognised when the charity has an cntitlement to the funds and any condiiions linked to the gianis have been mei. Where p¢rform8n¢¢ conditions arc aiiachcd (o the granl and are yet to be m¥t. the ineuine is recogni5ed as a liabilily and in¢lud¢d on the balance sheet as defeJTed income to be released. Deferreiliiicoiiie D¢f¢rred income represents amounis rc¢eiv¢d for futur¢ pcriods and is rcleascd to incoming rcsourccs in the period for which, it hos been received. Sucli in¢om¢ is only deferred whcn.. Thc donor specifies that the grdni or donation must ¢1)ly bc uscd in future accounting period%. i)r The donor ha5 imposed conditTrons which must be met bcfor¢ thc ¢liarity has unconditional cnlitlcment. F.xpondlture All expcnditurc is rccognised once iheie is a legal or cuThstruLlivc obligation to that ¢xpcnditure, it 15 probable 5¢tilcinent is requii'cd and tl)e amount can bL mc￿Su1Cd rcliably. All ¢ost5 arc allocated to the applicable expcnditure hcading that aggregatc sinilar Cost￿ t() that category. Where costs cannot bc directly atlributed to puriicular hcddings tliey havc bcen allocalLd oil a bysi5 COllSlStcnt with thc iisc of Tcsourccs. with central slaff co%ls allocated on the basis of tim¢ spcnl, anil d¢pi'eciatioii chargcs allocalcd on the portion of the asset's use. Other $upport costs are allgcat¢d based on the spi'ead of 51aff costs. Clifirlittble rtcllvliles Charil8bl¢ ¢xpcnditurc compriscs those costs incurred by the charity in th¢ deliv¢ry of its a¢¢iviti¢s and s¢rvice5 for it$ b¢ncficiaTi¢S. It includcs both costs that can be allocaied direcily io such a¢tiviti¢s and (hose ¢osis of an iiidirccL natur¢ n¢¢¢ssary lo.suppon them. Govcrnment grants tioverninent granis are recognised based on the actrual Inodel and are Ineasur¢d at th¢ fair valu¢ of the asset re¢eiv¢d or r¢¢¢ivable. Grants are classified as relatintt either to revenue or lo a55ets, Grants rclatitig to rev¢nue ar¢ r¢¢ognised in income ovcr the period in which the irlatcd costs are reco8Triscd. Grants rcljling to as5¢ts are re¢ognis¢d over the expected uscful life of the a55et. Whcre part of a 8rant relatlllg to an asscl is def0￿ed, il 15 recogt)is¢d as deferred income. Taxatlon 1'h¢ charity is considcred to pass the test5 set out in Paragraph S Schedule 6 of the finance Act 2010 dnd therefore it Ineets the definition of a chaTltable ¢OTnpany for UK corporalion tax purpose5. Accordingly, Ihe charity is potentially exempt frorn taxation in resp¢¢t of income or capilal gains received within calegories covered by Chapter 3 Part I l of thc Coryoi?tion Tax Act 2010 or Seclion 256 of the Taxation of ChargEdble Gain5 Act 1992, to the extent that such incorne or gains are applied exclusively to charitable pury)05eS. Tangible flxed assets Individual fixed assets costing £100.00 or more are inilially recorded at cost. Pagc 15 North Tyne & Redesdale Community Partnership Notes to the Financial Statements for thc Year Ended 31 August 2023 Depreeiation And amort15ation Depreciarion is provided on iangible fixed assets so as to write off the cost or vttluation, les5 any estimatcd residual value, over their expected useful economic life as follows.. Assct elas5 rixture5 and fittintss o(rice equipmcnt DLpreclatlon mcthod ¥nd rate 250/y reducing balance basis 25010 reducing balance basis Tradc dcbtors Trade debtor5 are amounts duc from customers for mcr¢handise sold or services perfornied in the ordinary gurse of busine$5. Trade dcbtorg ar¢ rccognssed initially at the trdnsaction price. They are subsequently measured at amortised cost U5inty ihe ¢ffectiv¢ intercst m¢thod, Icss provisioii for impaimient. A provision for the impainnent of trade debiors 15 established when there is obj¢¢Liv¢ evidcncc that Ihe charity will not bc able to collect all amounts due according to il)c original teiThs of the r¢c¢iv8bl¢s. CH.sh And cash cqulvalents Cash and cash equivalents ¢oinpris¢ casli on Iiand and call deposit5, and uil)er sliort-tenn Iiighly liqiiid inv¢stmenis that ar¢ readily ¢onv¢rtiblc to a known amount of cash and arc subjcct to ali insignifieani risk of ¢hange in v4lu¢. Trndc crcditor5 Trade crLdi((Irs arc obligations to pay for goods or services that have been acquired in the ordinary course of bu%inc%.4 fran) gupplicr%. Aecounts p&yabl¢ are ¢lassifi¢d a5 current liabililie5 if the charily does not liave an uncondiliunal right, at the ¢nd of tl)e reporting period, to defer seltlemcnl of the creditvr for dt least nv¢lve months aftcr tlic rcportlll8 datc. If th¢Te is ali uiiconditional right io defer 5eitlenieni foi. at leasi ttvelve Inonths after th¢ reporting dat¢, thw are presented as non-CU￿¢nt liabilities. Trade crcdilors arc recognised initially at the trans&ction price and subsequently measured ai amortised cost Using the effective interest method. Fund stru¢turt Unrc%trictcd incomc funds are general funds that are available for use at (he trustees discretion in furtlieraiic¢ of the objcctives 1)f tlie charity. Res(rEeted irlcome fund5 are those donated for use in a particular area or for specific purposes, the use of which is reslricted to Ihat area or purpose. Vin2nciAI instruments Cl(Issificthlif)ii Financial assets and financial liabilities are recognised wh¢n the ¢harity b¢comes a party to the contractual provisions of the instrnment. rinancial liabilities ond equEty instrutnents are cla8sified according to th¢ substance of the conrractual 8Trangements entered into. An equity instrument 15 any cgntraot that ¢vid¢nces a residual interest in the assets of the charity after deducting all of it5 liabilities. Fage 16 North Tyne & Redesdale Community Pllrtnership Notes to the Financial Statemcnts for thc Year Ended 31 August 2023 Recogiiilioii &iid iiiÉiisureNienl All financial assets and liabiliti¢s are initially measured at tiansaction price (including tr&nsaction costs). except for those finat]cial a5set5 classified as at fair value Ilirough pi'ofit oi. loss. which arc ii)itially incasured at fair value (which is noiinally tlic traiisaction price excluding iransatiion costs), unless the airdngemeiit consii(utcs a rinancing transaction. If an arrangcmeiit constitutes a financing transaction, the financial asset or financial liability is measured at (l)e prcsent value of the future payments discounted at a market raie of interesi for a similar debt instrument. rinancial assets and liabilitie5 are only offsct in the statement of financial posiiion when, and only when there ¢xists a legally enforceable right to set off ihe recognised amounts and the charity intends either to seitle on a net basis, or to realise thc asset and settle tlie liability simultaneously. rinancial assets are derecognised when and only wheii a) the contractual rights to the cash flows from the financial assct expir¢ or arc scttl£d, b) thc cliarity traiisfers to another parry substantially all of tl)e risks and r¢wèrds of own¢Tship of Ilic financial assct, or c) the charity, despite having retained some. but not all. significani risks and rewards of ownershipi has transfened control of the asset to anothei. party. Financial li8bili¢i¢s are der¢cogniscd only when the obligation specified in the contract is discharged, cancelled or expires. 3 Incomc from donatlons #nd Icgaeics Unrcbtricted rund5 Gcncral Total 2023 Total 2022 Doiiatioi)s and l¢g&ci¢s' Donation5 from individuals Granis, including capital grants. Gi'ants 3,(M)O 3,000 7,429 6,622 10,429 10,429 6,622 4 Income from other trhding ÉctlVLtie5 Unrcstrlctcd TotAI 2023 Total 2022 General Rental and heating recharge income Oiher income 24,105 633 24,105 633 20,182 24,738 24,738 20,182 Page 17 North Tylle & R¢d¢sdale Community Partnership NotCS to the Financial Statements for the Year Ended 31 August 2023 5 Exptnditure on chAritable activities Unrestricted Total 2023 Tol81 2022 General Note Youth club activities Community Trips Community Activities Cranis payablc Light, heat and water rates Insurdnce Repairs and maintenan¢e Cotnpuler cosls Printing, postage and stationery Sundry expenses Accountancy fces Legal and professional fees Siaff iraining Truvclling Relit and Tat¢5 247 1,530 7.419 1.999 2,519 1,357 11,637 39 247 1,530 7.419 1,999 2,519 1,357 11.637 39 71 388 908 497 1,530 2,172 1,267 11.246 248 398 388 908 60 48 497 2,733 48 497 2.733 2,346 6 Other expcnditurc Unrcstrlctcd fund5 Gencral Rcstrictcd funds Total 2023 Total 2022 Not¢ Depreciation, amnrt15ation and othcr similar ¢05ts 1,346 1,346 1,138 2,484 2,063 2,063 7 Not ineomingl(Jutgoing resources Net incoming resource5 for the year include.. 2023 2022 Dcpreciation of fixed assets (2,484) (2,063 Page 18 North Tylle & Red¢sdalc Community Partnership Notes to the Financial Statements for the Year Ended 31 August 2023 8 Trustees remuneratlom and eypcnsc5 No truste¢5, nor any persons conneLied with Ihem, have r¢¢eived any reinun¢ration from ihe charity during th¢ year. No trustee5 have received any reimbursed expenses or any other benefits from ihe charity during the year. 9 Taxatlon ThE charity is a registered charity and is therefore exempt fro1￿ iaxation. 10 TAngible fixed assets Land and bulldlngs Furniture and tqulpnient TotAI Cost At I Scptember 2022 Additions 282,885 13,605 296,490 Al 31 August 2023 282 885 300,242 Dcpreciatlon At I S¢pteiMbcr 2022 ChuTgc for ihe ye￿r 7,418 2,484 7,418 2,484 At 31 August 2023 9,902 9,902 Net book valut At 31 August 2023 282,885 7.455 290,340 At 31 August 2022 282,885 6.187 289,072 I l Debtors 2023 2022 Trade debtors Prepayments 1,330 1,307 435 664 2,637 1,099 12 Cash and cash equiv&lents 2023 2022 Cash on hand Cash at bank 24,371 19,926 24.370 19.926 Page 19 North Tyn¢ & Redc5dalc Community Partnership Notes to the Tr inancial Statements for th¢ Ycar Ended 31 August 2023 13 Credltors: &mount$ fulling due within onc year 2023 2022 Trade creditors Accruals DefeJT¢d in¢ome 150 1,096 7,050 1,637 700 8296 2,337 14 Fynd$ Balance at I Septcmber 2022 Ineomlng resources Resour¢es expcnded Balance at 31 August 2023 UnrestrScted Gcneral 20,709 35,167 (32,738) 23,138 Rtstrlcted 4,551 3,413 Endowment Pomianent 282,500 282.500 TotAI furtds 307 760 35,167 (33.876 309,051 Balanco at I Seplembcr 2021 In¢oining r¢50urccs Resuurces cxpcndcd Bftlance llt 31 August 2022 Unrestricted General 15,622 26.804 (21,717) 20,709 Rcstricled (6,068) ,517 (4,551) Endowment Permanent 282,500 282,500 Total funds 304,190 26,804 (23,234) 307.760 Page 20 North Tyne & Rcdesdale Community Partnership Notes to the Financial Statemcnts for thc Ycar Ended 31 August 2023 15 Analysls of n¢t asscts bctween funds Unrestrictcd fund5 General Endoiwtnent runds Pcrm&nent Total funds at 31 August 2023 RestrleÉ¢d funds Tangible fixed ass¢is Cu)Tent assets Currellt liabilities 4,428 27,007 {8.296) 3.412 282,500 290,340 27.007 (8,296) Total nei assets 23.139 3,412 282.500 309,051 Unrestrict¢d funds General Endowment rund$ Pcrniancnl Tot¥l funds at 31 August 2022 Re$tri¢lcd runds Tangible fixed assets Currcni ass¢is CU￿ent liabilities 2,022 21,025 2,337 4.550 282,500 289,072 21,025 2,337 'roial nei assets 4,550 282 SUO 307.760 Page21