**COMPANY REGISTRATION NUMBER: 07303468 CHARITY REGISTRATION NUMBER: 1141202**
## **St. Ann's Partnership Limited Company Limited by Guarantee Unaudited Financial Statements**
## **31 March 2022**
## **S J ACCOUNTING SERVICES (NE) LTD**
## **St. Ann's Partnership Limited**
## **Company Limited by Guarantee**
## **Financial Statements**
## **Year ended 31 March 2022**
||**Page**|
|---|---|
|Trustees' annual report (incorporating the director's report)|**1**|
|Statement of financial activities (including income and||
|expenditure account)|**5**|
|Statement of financial position|**6**|
|Notes to the financial statements|**7**|
**14:44 on 27 September 2022**
**Draft Accounts**
## **St. Ann's Partnership Limited**
## **Company Limited by Guarantee**
## **Trustees' Annual Report (Incorporating the Director's Report)**
## **Year ended 31 March 2022**
The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 March 2022.
## **Reference and administrative details**
**Registered charity name** St. Ann's Partnership Limited **Charity registration number** 1141202 **Company registration number** 07303468 **Principal office and registered** The Willows Centre **office** Northport Road Portrack Stockton on Tees TS18 2HX
**The trustees**
Mr P Thomas Mr R Cook Mrs J Cuthbert Mrs D Enderwick Miss N E Peebles Mr A Simms **Company secretary** Miss N E Peebles **Accountants** S J Accounting Services (NE) Ltd 3 Galava Walk Ingleby Barwick Stockton on Tees TS17 5JD
## **Structure, governance and management**
## **Governing document**
St.Ann's Partnership Limited is a company limited by guarantee, governed by a Memorandum and Articles dated 2 July 2010, as amended by Special Resolution dated 8 March 2011. It is also a charity registered with the Charity Commission with effect from 6 April 2011.
## **Recruitment and Appointment of Trustees**
The initial members of the charity were the subscribers to the Memorandum and Articles of Association. Membership is open to other individuals or organisations who make an application in the form required by the trustees and are then approved by the trustees. The trustees can only refuse an application for membership if they consider it to be in the best interests of the charity.
**- 1 -**
## **St. Ann's Partnership Limited**
## **Company Limited by Guarantee**
**Trustees' Annual Report (Incorporating the Director's Report)** _**(continued)**_
**Year ended 31 March 2022**
## **Structure, governance and management** _**(continued)**_
## **Objectives and activities**
The objects of the charity are to make grants to further such general charitable purposes as the trustees in their absolute discretion think fit.
The charity works within the St. Ann's area of Stockton-on-Tees which includes some of the poorest wards in the borough. Over the past year St. Ann's Partnership have provided the following projects:
## **Community Safety & Security**
Our vision is for a safe community where all residents are able to live their lives free from crime and the fear of crime.
We aimed to provide CCTV coverage of hot spot areas within the St. Ann's area of benefit to assist Enforcement Officers, Stockton Police and Housing Associations in gathering evidence.
The charity no longer pays for the above service. An agreement was made to donate two cameras to the security centre in exchange for them monitoring the remaining two cameras for a further two years. Our remaining two cameras are located at the junction of Cromwell Avenue/Wade Avenue and the corner of Cowper Road/Kingston Road.
## **Community Capacity Building**
Our Vision is for a stronger and more cohesive community where there is a sense of belonging for all residents.
We aim to provide capacity building support to smaller residents in the Portrack, Tilery, Mount Pleasant, Queens Park and Victoria Estates in order to empower individuals and groups and increase the involvement of residents in all decisions that affect their lives.
The support available includes assistance to set up and become constituted, sercretariat support, assistance with organising events and financial support including fundraising and monitoring. The work varies depending on the needs of the individual group requiring assistance.
**- 2 -**
## **St. Ann's Partnership Limited**
## **Company Limited by Guarantee**
## **Trustees' Annual Report (Incorporating the Director's Report)** _**(continued)**_
## **Year ended 31 March 2022**
## **Objectives and activities** _**(continued)**_
## **Youth Projects**
Our view is that 'Every Child Matters'. We want all children and young people to have stable, safe environments and access to opportunities to achieve their full potential.
The COOL project aims to engage young people living in St.Ann's area, aged between 5 and 16 years, to participate in youth club sessions. Sessions are provided in age-appropriate groups.
Youth club sessions are focused around healthy eating, being active and promoting healthy living. The programme of activities is based on teamwork, team building, skill enhancing and confidence building. It is hoped to reduce levels of anti-social behaviour from young people hanging around the streets. Opportunities for play scheme activities that include educational visits, arts 'n' crafts activities, local trips and outings are also provided.
## **Unemployment**
Our vision is to contribute to a strong local economy with better jobs and improved employability, as well as making sure our residents have the necessary skills and qualifications to secure the new jobs created.
The project acts as a stepping-stone, signposting to specialist organisations.
The trustees regularly review the objects and activities of the charity and, as part of this review, they have considered the Charity Commission's general guidance on public benefit.
## **Strategic report**
The following sections for achievements and performance and financial review form the strategic report of the charity.
## **Achievements and performance**
St Ann's Partnership have had another successful year receiving funding from Henry Smith for the Youth Projects. We also received restricted funding from National Lottery and Thirteen.
## **Financial review**
The Statement of Financial activities shows the total reserves stand at £18,558 of which being £7,676 unrestricted funds and £10,882 restricted funds.
**- 3 -**
## **St. Ann's Partnership Limited**
## **Company Limited by Guarantee**
**Trustees' Annual Report (Incorporating the Director's Report)** _**(continued)**_
## **Year ended 31 March 2022**
## **Financial review** _**(continued)**_
## Reserves Policy
The trustees aim is to expend all funds on their charitable objects; however, they recognise the need to maintain a certain level of reserves as a cushion against possible future difficulties. Free reserves at the level of 6 months running costs would allow the charity to continue it's operations while alternative funding sources were sought.
The trustees' annual report and the strategic report were approved on 28[th] October 2022 and signed on behalf of the board of trustees by:
Mr P Thomas Trustee
Mrs D Enderwick Trustee
**- 4 -**
## **St. Ann's Partnership Limited**
## **Company Limited by Guarantee**
## **Statement of Financial Activities (including income and expenditure account)**
## **Year ended 31 March 2022**
||||**2022**||2021|
|---|---|---|---|---|---|
|||Unrestricted|Restricted|||
|||funds|funds|**Total funds**|Total funds|
||**Note**|**£**|**£**|**£**|£|
|**Income and endowments**||||||
|Donations and legacies|**5**|1,000|35,300|**36,300**|38,220|
|Charitable activities|**6**|873|–|**873**|6,013|
|||-----------------------|----------------------------|----------------------------|----------------------------|
|**Total income**||1,873|35,300|**37,173**|44,233|
|||=======================|============================|============================|============================|
|**Expenditure**||||||
|Expenditure on charitable activities|**7,8**|14,119|24,564|**38,684**|40,228|
|||----------------------------|----------------------------|----------------------------|----------------------------|
|**Total expenditure**||14,119|24,564|**38,684**|40,228|
|||============================|============================|============================|============================|
|||----------------------------|----------------------------|----------------------------|----------------------------|
|**Net (expenditure)/income and net**||||||
|**movement in funds**||(12,246)|10,736|**(1,511)**|4,005|
|||============================|============================|============================|============================|
|**Reconciliation of funds**||||||
|Total funds brought forward||19,922|146|**20,068**|16,063|
|||----------------------------|----------------------------|----------------------------|----------------------------|
|**Total funds carried forward**||7,676|10,882|**18,558**|20,068|
|||============================|============================|============================|============================|
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
**The notes on pages 7 to 14 form part of these financial statements.**
**- 5 -**
## **St. Ann's Partnership Limited**
## **Company Limited by Guarantee**
## **Statement of Financial Position**
## **31 March 2022**
|||**2022**||2021|
|---|---|---|---|---|
||**Note**|**£**|**£**|£|
|**Fixed assets**|||||
|Tangible fixed assets|**13**||**291**|568|
|**Current assets**|||||
|Debtors|**14**|**500**||550|
|Cash at bank and in hand||**18,916**||20,100|
|||----------------------------||----------------------------|
|||**19,416**||20,650|
|**Creditors: amounts falling due within one year**|**15**|**1,150**||1,150|
|||----------------------------||----------------------------|
|**Net current assets**|||**18,266**|19,500|
||||----------------------------|----------------------------|
|**Total assets less current liabilities**|||**18,557**|20,068|
||||----------------------------|----------------------------|
|**Net assets**|||**18,557**|20,068|
||||============================|============================|
|**Funds of the charity**|||||
|Restricted funds|||**10,882**|146|
|Unrestricted funds|||**7,676**|19,922|
||||----------------------------|----------------------------|
|**Total charity funds**|**16**||**18,558**|20,068|
||||============================|============================|
For the year ending 31 March 2022 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
These financial statements were approved by the board of trustees and authorised for issue on 28[th] October 2022, and are signed on behalf of the board by:
Mr P Thomas Trustee
**The notes on pages 7 to 14 form part of these financial statements.**
**- 6 -**
## **St. Ann's Partnership Limited**
## **Company Limited by Guarantee**
## **Notes to the Financial Statements**
## **Year ended 31 March 2022**
## **1. General information**
The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is The Willows Centre, Northport Road, Portrack, Stockton on Tees, TS18 2HX.
## **2. Statement of compliance**
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Companies Act 2006.
## **3. Accounting policies**
## **Unrestricted and Restricted Funds**
Unrestricted funds comprise of income received or generated by reference to the general objects of the charity without further specified purpose. Such funds may however be designated by the trustees for specific purposes from time to time.
Restricted funds are those donated for a specified purpose as laid down by the donor or as a result of a specific appeal or application. Such funds are kept separate from the unrestricted funds of charity and only related expenditure is charged against them.
## **Basis of preparation**
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
## **Going concern**
There are no material uncertainties about the charity's ability to continue.
## **Disclosure exemptions**
The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102: (a) No cash flow statement has been presented for the company. (b) Disclosures in respect of financial instruments have not been presented.
## **Judgements and key sources of estimation uncertainty**
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
**- 7 -**
## **St. Ann's Partnership Limited**
## **Company Limited by Guarantee**
## **Notes to the Financial Statements** _**(continued)**_
## **Year ended 31 March 2022**
## **3. Accounting policies** _**(continued)**_
## **Fund accounting**
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
## **Incoming resources**
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
- income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
- legacy income is recognised when receipt is probable and entitlement is established.
- income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
- income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
## **Resources Expended**
Resources expended are recognised in the year in which they are incurred and are shown inclusive of any attribute VAT, which cannot be recovered.
## **Tangible assets**
All fixed assets are initially recorded at cost.
**- 8 -**
## **St. Ann's Partnership Limited**
## **Company Limited by Guarantee**
## **Notes to the Financial Statements** _**(continued)**_
## **Year ended 31 March 2022**
## **3. Accounting policies** _**(continued)**_
## **Depreciation**
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment
- 20% straight line
## **Impairment of fixed assets**
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.
## **Financial instruments**
A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs.
Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.
Debt instruments are subsequently measured at amortised cost.
Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment.
Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship.
**- 9 -**
## **St. Ann's Partnership Limited**
## **Company Limited by Guarantee**
## **Notes to the Financial Statements** _**(continued)**_
## **Year ended 31 March 2022**
## **3. Accounting policies** _**(continued)**_
## **Financial instruments** _**(continued)**_
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised.
For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
## **4. Limited by guarantee**
The charity is a company limited by guarantee and having no share capital. The liability of each member in the event of winding up is limited to £10.
## **5. Donations and legacies**
||Unrestricted|Restricted|**Total Funds**|
|---|---|---|---|
||Funds|Funds|**2022**|
||£|£|**£**|
|**Grants**||||
|Thirteen|–|1,500|**1,500**|
|Henry Smith|–|23,800|**23,800**|
|National Lottery|–|10,000|**10,000**|
|County Durham Community Foundation|–|–|**–**|
|Arnold Clark|1,000|–|**1,000**|
||-----------------------|----------------------------|----------------------------|
||1,000|35,300|**36,300**|
||=======================|============================|============================|
||Unrestricted|Restricted|Total Funds|
||Funds|Funds|2021|
||£|£|£|
|**Grants**||||
|Thirteen|–|1,500|1,500|
|Henry Smith|–|22,700|22,700|
|National Lottery|–|9,300|9,300|
|County Durham Community Foundation|–|4,720|4,720|
|Arnold Clark|–|–|–|
||--------------|----------------------------|----------------------------|
||–|38,220|38,220|
||==============|============================|============================|
**- 10 -**
## **St. Ann's Partnership Limited**
## **Company Limited by Guarantee**
## **Notes to the Financial Statements** _**(continued)**_
## **Year ended 31 March 2022**
## **6. Charitable activities**
||Unrestricted|**Total Funds**|Unrestricted|Total Funds|
|---|---|---|---|---|
||Funds|**2022**|Funds|2021|
||£|**£**|£|£|
|Other income from charitable activities|||||
|type 1|873|**873**|6,013|6,013|
||==============|==============|=======================|=======================|
|**Expenditure on charitable activities by fund type**|||||
|||Unrestricted|Restricted|**Total Funds**|
|||Funds|Funds|**2022**|
|||£|£|**£**|
|Activity type 1||12,940|24,564|**37,504**|
|Support costs||1,179|–|**1,180**|
|||----------------------------|----------------------------|----------------------------|
|||14,119|24,564|**38,684**|
|||============================|============================|============================|
|||Unrestricted|Restricted|Total Funds|
|||Funds|Funds|2021|
|||£|£|£|
|Activity type 1||–|39,296|39,296|
|Support costs||932|–|932|
|||--------------|----------------------------|----------------------------|
|||932|39,296|40,228|
|||==============|============================|============================|
|**Expenditure on charitable activities by activity type**|||||
||Activities||||
||undertaken|Support|**Total funds**|Total fund|
||directly|costs|**2022**|2021|
||£|£|**£**|£|
|Activity type 1|37,504|–|**37,504**|39,296|
|Governance costs|–|1,180|**1,180**|932|
||----------------------------|-----------------------|----------------------------|----------------------------|
||37,504|1,180|**38,684**|40,228|
||============================|=======================|============================|============================|
|**Net (expenditure)/income**|||||
|Net (expenditure)/income is stated after|charging/(crediting):||||
||||**2022**|2021|
||||**£**|£|
|Depreciation of tangible fixed assets|||**277**|277|
||||==============|==============|
## **7. Expenditure on charitable activities by fund type**
## **8. Expenditure on charitable activities by activity type**
## **9. Net (expenditure)/income**
## **10. Staff costs**
**- 11 -**
## **St. Ann's Partnership Limited**
## **Company Limited by Guarantee**
## **Notes to the Financial Statements** _**(continued)**_
## **Year ended 31 March 2022**
## **10. Staff costs** _**(continued)**_
The average head count of employees during the year was 1 (2021: 1). The average number of full-time equivalent employees during the year is analysed as follows:
**----- Start of picture text -----**
2022 2021
No. No.
Number of staff - type 1 1 1
============== ==============
**----- End of picture text -----**
No employee received employee benefits of more than £60,000 during the year (2021: Nil).
## **11. Trustee remuneration and expenses**
- no remuneration or other benefits from employment with the charity or a related entity were received by the trustees; or
## **12. Transfers between funds**
These relate to transfers which account for management and other charges from unrestricted to restricted funds.
## **13. Tangible fixed assets**
|||Equipment|**Total**|
|---|---|---|---|
|||£|**£**|
||**Cost**|||
||**At 1 April 2021 and 31 March 2022**|1,386|**1,386**|
|||=======================|=======================|
||**Depreciation**|||
||At 1 April 2021|818|**818**|
||Charge for the year|277|**277**|
|||-----------------------|-----------------------|
||**At 31 March 2022**|1,095|**1,095**|
|||=======================|=======================|
||**Carrying amount**|||
||**At 31 March 2022**|291|**291**|
|||=======================|=======================|
||At 31 March 2021|568|568|
|||=======================|=======================|
|**14.**|**Debtors**|||
|||**2022**|2021|
|||**£**|£|
||Trade debtors|**500**|550|
|||==============|==============|
|**15.**|**Creditors:** **amounts falling due within one year**|||
|||**2022**|2021|
|||**£**|£|
||Accruals and deferred income|**1,150**|1,150|
|||=======================|=======================|
**- 12 -**
## **St. Ann's Partnership Limited**
## **Company Limited by Guarantee**
## **Notes to the Financial Statements** _**(continued)**_
## **Year ended 31 March 2022**
## **16. Analysis of charitable funds**
## **Unrestricted funds**
|**Unrestricted funds**||||||
|---|---|---|---|---|---|
||||||**At**|
||At|||**31 March**|**20**|
||1 April 2021|Income|Expenditure||**22**|
||£|£|£|**£**||
|General funds|19,922|1,873|(14,119)|
**7,676**||
||============================|=======================|============================|=======================||
||||||At|
||At|||31 March|20|
||1 April 2020|Income|Expenditure||21|
||£|£|£|£||
|General funds|14,841|6,013|(932)|
19,922||
||============================|=======================|==============|============================||
|**Restricted funds**||||||
||||||**At**|
||At|||**31 March**|**20**|
||1 April 2021|Income|Expenditure||**22**|
||£|£|£|**£**||
|Thirteen|–|1,500|(1,500)||**–**|
|Henry Smith|146|23,800|(17,996)|
**5,950**||
|National Lottery|–|10,000|(5,068)|
**4,932**||
|County Durham Community||||||
|Development|–|–|–||**–**|
||--------------|----------------------------|----------------------------|----------------------------||
||146|35,300|(24,564)|
**10,882**||
||==============|============================|============================|============================||
||||||At|
||At|||31 March|20|
||1 April 2020|Income|Expenditure||21|
||£|£|£|£||
|Thirteen|–|1,500|(1,500)||–|
|Henry Smith|1,222|22,700|(23,776)|
146||
|National Lottery|–|9,300|(9,300)||–|
|County Durham Community||||||
|Development|–|4,720|(4,720)||–|
||-----------------------|----------------------------|----------------------------|--------------||
||1,222|38,220|(39,296)|
146||
||=======================|============================|============================|==============||
**- 13 -**
## **St. Ann's Partnership Limited**
## **Company Limited by Guarantee**
## **Notes to the Financial Statements** _**(continued)**_
## **Year ended 31 March 2022**
## **17. Analysis of net assets between funds**
||Unrestricted|Restricted|**Total Funds**|
|---|---|---|---|
||Funds|Funds|**2022**|
||£|£|**£**|
|Tangible fixed assets|291|–|**291**|
|Current assets|7,385|10,882|**18,267**|
||-----------------------|----------------------------|----------------------------|
|**Net assets**|7,676|10,882|**18,558**|
||=======================|============================|============================|
||Unrestricted|Restricted|Total Funds|
||Funds|Funds|2021|
||£|£|£|
|Tangible fixed assets|568|–|568|
|Current assets|19,354|146|19,500|
||----------------------------|--------------|----------------------------|
|**Net assets**|19,922|146|20,068|
||============================|==============|============================|
## **18. Related parties**
No remuneration was paid or is due to be paid to any trustee or to any person connected to them.
**- 14 -**