HANDCRAFTED PROJECTS COMPANY NO. 07884740 CHARITY NO. 1146188 TRUSTELS, ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE PERIOD IST JANUARY 2023 TO 31ST DECEMBER 2023 IP.1 HANDCRAfTFD Fiiiaiicial siateineiils Isi Jaiiuai'y - 31si Deceml)ei 2093 CONTENTS Trustees, annual report Statement of the Tiustees, responsibilities Auditor's reporl 12 Statement of financial activities lincorporaling thelsicome and 8xpendilure account) 16 Balance sheet 17 Statement of cash Ilows 18 ',lotes lo the fiiiancial slalement 19 A HOPE + A FUTURE HANDCRAFTED Fi118liCi ai'y einl) TRUSTEES, & DIRECTORS, ANNUAL REPORT The Iiusiees who are also directors of tl)e chaiily lor the purposes olihe Companies Aci 2006. present this combined re ecember 2023. tatemenl of Rec with the Financia leffe TH'E TRUSTEES The Trus were.. Paul Morley Nor rwin Rich r 2023 Eileen Brad3 Karen Bianc REFERENCE AND ADMINISTRA TIVE OET AILS Naiiie of tlie coi?Ipany.' Coni5)clliy I'egistraiioi) n Cli2ritV IiLllI)l)er: Handcrafted Proie Registerecl office: Aiidi HANDCRAFTED fiiiaiicial Staieineiils 1 si Jaiiuaiy - 3 Isl Deceml)ei 2023 STRUCTURE: GOVERNANCE AND MANAGEVIENT Handcrafied Projects is a company limited by guarantee with company registration number 7884740.11 is governed by its fvlemorandum and Articles of Association dated 16 December 2011.11 was registered as a charity with the Chaflty Commission on 1 March 2012 with charity number 1146188. The subscribers lo the Compaiivs I￿eMorandUM of Association were the first members of the Charity. ThAembership is open lo other indivldualsororgaiilsatlons who apply to the charity In the fomi requlied by the Directors and who are approved bythe Difector& TRUSTEE APPOINTMENT, INDUCTION AND TRAINING Handcrafted recognises the importance ofa diverse. skilled ancl experIen￿d Board. The Dlreclors proactively seek out FK)tential new Members who have the required stiengths and background, who may be appointed al any ordlnary meeting. New tfustees may be elected after attending a Board meeting as an observer. New Iruslees undergo an induction to briel them on.. their legal d)ligations under charityand company law, the Charity Commission guidance on public ber￿rrt the strategic plan and recent developments of the charity. They wiu attend Handcrafied activili8s. lo ￿￿t b8neficiari8s and key employees. IIRGANISA TION AND DA Y-TO-OA Y MANAGEfvIENT The directors consider the board of directors. and Ihe senior management team comprlse the key managefflenl personnel. All direciois give of iheir lime freely and no direcior ieceived remuner8tion in the year. Delails ol directors, expenses and related pariy Iransaclions are disclosed In notes 7 and 1710 the accounts. The pay of the senioi'staff is reviewed annually and normally increased in accordance with average earning& The directoiswill also seek to benchmark againsl other similar roles in ihe charity seclor. A Chiel E'.'ecutive. Operations Diieclor and Deputy Director of OpeiBlions are appointed by the trustees lo manage the day-lo-day opeialions of the charity. Tolacililate effective operation4 the Chlef Executive has delegated authority. v.iithin lerms of delegatkTI approved by the truslee& for operational matters including finance. employmenL slrategic planni￿. arKI safeguarding. vl o l til ueLellibtsl . 11 ILS b¢lii0i lllol ho￿￿511¢1 Il tsijl-ioibi vl- Chief E:.'eculive- Daniel Ni orthover Opeialions Direclor- John Hinton Oeputy Director of Operations- Hafry Jennings HANDCRAFTED Fiiiaiicial siateinenis Isl JaiiLiary 31si Deceinl)er 2023 RISK ￿lANAGEMENT ivl8jor risks are reviewed ai quarterly board meetings and si%: steering groups have been established lo review the systems and procedures to manage these risks on a more regular basis. These steering groups include Directo￿ stafl members and extefiial specialists ivho have the relevant e::pertise. These steering groups cover the key strategicrisks and opportunities In the respective areas of.. Finance, Safeguarding, I￿lisSi0n & Values. HR 6 Wellbeing, Health & Safety, and Regulatory Environment. External specialists who provided professional advice in 2023 ar Almond Tfee Slrategic Consulting Ltd - 1 Friar Sireel. Readina England, RG11 DA lQlithwards Business Leadership- 30 Bolion Close. Durha￿ Lhited Kingdom, DH15PH HANDCRAFTED Fiiiaiicial Stateineiils 1sl Jaiiuary - 3 ISI Deceml)ei 2023 OBJECTIVES AND PURPOSE CHARIT ABLE OBJECTIVES To promote social inclusion for the public benefit by preventing peO￿e from becoming socially excluded. relieving the needs of those people vrfho 8re si￿(allY excluded and assisting them to integrate into S(￿lety. For the purpose ofthis clause"socially excluded" means bolng excluded from socioly. or parts of society. as a result on one of Ihe following laclors.. unemployed,- tirbancial hardshi￿. old aoe- subslance abuse or dependency including alcohol and drugs and poor education or skllls attainment The relief of unemployment for the benefit of the public In sidi ways as may be thought fil including assistance to find efflployment. The relief of financial hardship by providing people biith gocKls and services which they could not olhemise afford through lack of mean& The advancement ol the Christian faith foi the benefit of the wlAic. PUBLIC BENEFIT All our charitable activities are undertaken to further our charitable wrix)ses for the publlc benellt. The Trustees have had regard io ihe Charity Commisson's guidance on public benefll throughout the peiiod when deciding on the aclivilies ol the charity. VALUES The following values have been identlfied as essential lo the wayihe Handcrafied iyorks. We seek 10 demonstrate these in every aS￿t of the way that we vi(Jk wilh beneficiaries wilh our colleagues, with partner organisalion4 and willi meM￿[s of the public EMPOWERMENT- Everyone can learn to take back control oftl￿1r lives COM MLIN ITY- We accept people just as they are. and we suppott each other ETrAPATHY- We will ivalk through challenges logeiher. should81 to shoulder CREATIVITY C...p,r,'on.e can w.3Pp trnwJtF*.ina to bo oro*Jd o. 11 HANOCRAFTEO Fiiiaiicial Stateineiiis Isl Jaiiiiaiy - 31st Deceinl)er 2023 TRUSTEES, ANNUAL REPORT OUR ST A TEMENT OF PURPOSE Handcrafted's mission is to connect viith the most socially excluded people in society, to offer them the supporL housing. training and oppoilunitios so that Ihey mioht be empowèred lo turn their obin lives 8round. 22 more home We conneGied Wilh 554 people Who engageii wrth oui support, Incluoinu.,. young care leavers SHAKEY caie open 12 new stal allecieo by domesiic abu unaccompani asylum seeki cmldien 1.816 9.975 prolecls compieleil meals sharell a¥eraye 0143 people per day Iralnlng In wooowof K. cookiftg. cfalts & entBrprlse 8lk¥klts, 6,651 support visils In 2023, we got aloiigside 554 peoplp - welcoming them into OLJr community and supporting them to meet the challenges they face. Our capaciiy conlinued lo grow and we saw evpn more stories of live- turned around. However, demarid for our holistic support has grown faste.," willi a record 406 rel'erra15 in 2023126% inLrease). The cost of liviiig crisis, sliortage of coiiiplex neea provi510n, overwholmLd mei)tal healtn services and more have all acutely aff'ected the mosl vulne.'able iii 50ttiety. HANDCRAFTED Fiiiaiicial Staieinonis 1st Jaiiuaiy - 31sl Deceffll)ei- 2023 ACTIVITIES & OUTPUTS We provide opportunities for our Irainees to realise their own polenlial by offering suslainable tenancies in supported housing,. practical and creative skills training In a positive community conlexl.. personcentred holistic support.. signtK)sling 8nd opportunities to piogiess including work experience 6 accredited trainino course& We expanded each of these areas this year and began our specialisl, cross-are8 young people's provision - Ihe Engage HL¢b. Thls novi a team of 5 providing supwrted housing, tailored life-skills Ir8ining and protected activlty sessions. In 2023, they worked with 30 unaccompanied 8sylum-seekeis and 78 young care leavers. HUUSING In 2023. we housed 84 people In a safe. high- quality home. alongside support workto help them sustain their lenaney. We increased our portlolio to 62 homes. primarily Ihfough ovei £2 million of social investment. TRAINING An average of 43 attended our tWiCe￿allY cookery. woodwork craft and enterprise training activities each day across our 4 hub& SUPPURT i *tii l_':O'.;-if- iier.- ' tlrpfi su11k￿,. based on the strengths people already have. to empower them lo find Ihei¥ own solutions lo improve their wellbeing. They made 6,651 support visits in 2023 and oui supwrt team grew from 5 to 11 support workers. PPORTUNITY As Iraiiiees build tnore stability into their lives, we help them overcome barriers and provide advocacy and signwsting. 20 gained hospitality training and work e':perience in our new community cafe in G8leshe3d. 111 HANDCRAFTED Fiiiaiicial Stalemeiits 1 si JaiiLiai-y - 31sl Deceinbei. 20?3 ACFilEVEfvIENTS AND PERFORfvIANCE Some trainees unlock changes iviihin weeks of first eiioaglng with us. Others t8ke months or years to find stability. Ille want lasting transformatlon for our trainee& prooress and stability are equally valued. measure impact by tracking each interaction with trainees on our lailor-made database: LIVING SPACE H8ving a safe and suitable place to live. In 2023, 65% of our tenanls successfully maintained their tenancy for over 6 months- many for the first timel HC SELF-CJNFIDENCE H8vino confidence in abilities and potentlal. 215 Iraining courses In cooking m8ths skills. Ir:ioodv.iotk craft and hospitality completed by our Irainees in 2023. 45 piogressed into volunteering or employment opporsunitles. USE UF Tlbfjl Having a meanlngful useofiime. 351 people regularly 8ttended our piactical sessions in 2023. breaking Ihe destructive cycle ol chaotic lilestyles. 90Yo agreed that Handciafted has helped them find meaningful iliings to do each day- not just in our sesslons! POSITIVE SOCIAL NETWORKS . po¢ltii'e cow.mur*itiJ In viliich pncouraatnn 3nd meaningful friendshlps are formed. In 2023, 92/0 said they felt welcoffle and part ofa community 81 Handcralied. 731 attendances 81 social activities outside regu18r sessions. COPING STRATEGIES Haviiig healthy Coplng stiategies when difficulties aiqse. In 2023, 90/¢ said Ihal Handcralted had a wsitive iini)act on their iiiental health. Ive supported 139 people lo address theii. substance abuse issues and go e=:_offenders lo bJiid stable lives. li HANDCRAFTED Fiiiaiicial siaieiiieiils 1 si Jaiiuary - 31SI Deceml)ei 2023 CASE STUDIES ACROSS Th'E WORLO TO WELCOMING OTh'ERS Abdul fled on a 5.000-mile journey. fighting to Su￿1Ve for 18 monihs at the age ofjusl 14. Abdul's father had served in ihe Alohan military and lost his life to Taliban ieprisals. When he was then placed with us In County Durha￿ Abdul struggled to ad8pI- he isolated himself and fell out with his housemates. Conflict resulted in police call out& damaged properly and Abdul ivanted to move inlo a flat ivith another housing provider- bul by the next ivlonday he was evicted from there for causing substantial damage. He faced homelessness but Handcrafted believes Ihal everyone deserves 8noiherch8nce, even if il cosls When hls first nemi housemale was due to arrive. Abdul was anxlous. He decided lo make them feel welcome by preparing a meaL but we had to teach him to c￿k first! We have kept upthe cooking lesson& Hecan nobrfcook a range ol meals Independently. This lecl to grow.rth in confidence and healthy coping mechanisms.11 gave him space lo open up about his strugoles and he is now accessing counselllng. STABILITY FOR YOUNG CARE LEAVERS Care leavers face cliff-edge drops in supwrt once they turn 18, even if they require intensive support. Our sell-conlair)ed flats in our Gateshead hub are designed to provide this for young c8re leaver& Ill w(IS ()dopte(J (itiwj l Ljul hib ielaiiui ibl hip bNiili I Ilb adopted parents broke down just after his 17th birthday. In one year. Sam was moved 20 lirnes. Hg says. "nol many housing providers could deal iviih my mental healtli". wliich included suicide attempt& sell-harm & overdoses. His mental health has begun toimprove. and he hasn't overdosed. Sam puis this down lo his flat Handcrafted community and support v.iorker, I￿ell= "He'll go one slep further than everyone else... he has had soine lived experience. so underslands." S8m is starting ivoodwork sessions. and conipteted the 'Xtrenie Cliaracler Challenge, with us climbing Ihfee Scottisb niountains in 72 hours. I.IANOCRAFTEO Fiiiaiicial Slaleineiiis Isi January - 31s( Deceinl)ei' 2023 PLANS FOR FUTURE PERIODS CURRENT UPPURTUNITIES There are several opporluniltes that ive have taken lo develop our worl Includlng.. Developing a full hub in Sunderland. alongside local partners, to i.4iork wilh 200 trainees a year and supporl 10 houses by 2025. Expanding our'Enoage' youno people's provision io house 60 young care leave unaccompanied asylum-seeking childien and ocal u18s in care with complex needs. THERE'S AIWAY(' Expandino training facilities in Durham. Gatoshead and Chesler-le-street to engage 150 more trainees each month in ciealive acllvilies and a positive communily. To deliver this we are working with consull8nls lo develop our org8nis£lional structure 6 policies. building a flexlble core team 8nd securing Iono- term financial stability by purchasing more properties Iislng social investment with another 6 properties already Identlfled for 2024. op FUTURE EXPANSIUN We're commilled lo our plan to roll out and sustain our hub model in newand existing areas. dynamically adapting ourworkto Ihe or)nortuni',jrJs 2nd of the commun V., Th-: approacli meets a need Ihal other people and $18keholders have recognised and are keen to take into Slocklon, Darlinolon, Carlisle. 8lackpooL and Liverwol. 11 By 2026, we plan lo have increased to 6 regioiial hubs, whiuh will run alongside an expanded young people's provision in each area. I his means Ilial y.ie could be housing over 160 people and working wiik,. further 1,400 through our training, support 8nd opporlunilies. 10 HANDCRAFTED Fiiiaiicial siaieineiils 1si Jaiiuai'y - 31st Deceinbei. 2023 FINANCIAL REVIEW Incoming Resouicès toialled £1.507,418 and expendilure ¥ias £1.545,903. The movement in funds arising in this financial period was a net deficit of E38.485- which left iolal funds held by Ihe charity of £297.056 at 31st December 2023. The charlty has achieved a slgnlflcant Increase in income from Chaiitable Activities with the income from rental Income. training contract and S￿la[ enterprise increasing by 61 Y. from £688.879 in 2022. to £949.817 in 2023. This offset lowe( grant income which decreased from £577.275 in 2023 to £374,596 in 2023. This is inline with the cliarilios stiategic aim to diverslly revenue slreams and decrease ieliance on the subjective decisions of granlmakers. The charity has also begun recelving income for providing support work for Unaccompanled Asylum-seeking Chlldren in County Durham - thls totalled £112.570 in 2023. Thls has enabled the charily lo invesl in building ihe staff team to 31 and, by secuiing E2,145.750 of social investmenL lo spend £1,474,343 on develoFyno the langible fi):ed assets Ih8t are the Cofe Infrastructure of the charlty. This will create iiicreased Income streams in 2024 6 opportunitles to further groiAJ the charity. to improve Ihe breadth and depth of Imi)acl and the flnancial sustainabilily of ihe organisallon. RESER VES POLICY The Iruslees alm lo keep sufficient working reserves to cover at leasl Ivio monlhs ol commilled expendltuie including Wages and Salaries Social Socurily. Pension Contributions. Rent & Rates Insurance and Loan Repayments. The amoLint of total funds held al 31 st December 2023 is É297,056. Of kihich Ihe amount of resliicled funds is £41,626. The amounl ol reserves after making allthAiance for restiicted funds is £255,430. In comparison wilh tlie reserves policy, this is equivalent to 3.1 months of committed expendilure. Thp triistpes haiyF> pijl in plaep 8 %tralp.gic plAn fnr ?n?A Ir) deiiolory inrnmp stTeams frnTn hnijsinq. supporliiig unde¥-18s and tralnliig in order to glow ihe level ol free reserves and to sustaln li at between three and live monihs of commitled expenditure. HANDCRAFTED Finaiicial Slatemonts 1si Jaiiu8ry - 31sl Deceinbei 2093 ST A TEfvIENT OF TRUSTEES, RESPONSIBILITIES The Trustees, bvho are also the Directors for the puiposes ol company iavi. are responsible for preparing the Report ol the Trustees and the flnaiicial stalements in accordance with applicable law and United Kingdom Accounting Standards Iuniled Kingdom Generally Accepted Accounting Practi￿} including Finai)cial Reporting Standard 102"The Financial Repoftlng Standard appllcable In the UK and Republic of Ireland.. Compaiiy laiv requires the trustees to prepare financial statements for each fiiiancial year which glve a true and fair view of the state ol affairs of the charitable cotnpany and of tho incoming resources and application of resour(￿& includino the income and e" .pendilure. of the charilablo conipany for that period. In preparing these flnancial statemen1* Ihe trustees are required 10.. select suitable accounlino policies and iheii apply them conslslently.. observe the melhcKJs and principles in the Charities SORP make judgements and estimates thal ale reasonable and pthent,. prepare the financial ststements on the goiiig concern basis. unless It Is Inappropriate to presume that the chariiable company will continue iii opei'atun. The Trustees are respoiisible for keeping proper accounting recoicls that dlsclose wlth reasonable accuracy al any time the financial position of ihe charilablecompany and enable them to ensure that ihe financial stalements coinply ￿-¢ith the Coinpanies Acl 2006. The Tiuslees are also responsible for s8fegLiarding the assets of the charitable company and hence lor taklng reasonable sleps for the prevention and delection of fiaud and oiher irregulaiities. In so lar as ihe trustees are ew8re: there Is no relevant audit Informallon ofwhlch the charitable companvs auditors are unawaie,- and the Iruslees have taken 811 steps that they ought to have taken to make themselves aware of any relevant audit information and to estsblish that the audiiors aye aiAFare of that informalion. AUDITORS The auditors, Sumer Auditco Limited. will be proposed for re-appointment 81 the forthcoming Annual General ￿leetIng. This report has been prepared in accordance with the S￿la1 provisio Companies Act 2006 reiatinG to small compas)ies. Part15ofihe AppToved by order ees on mber 2024 aod signed on its behalf by.. P4uI Iviorle 14ANDCRAFTED Fiiiaiicial Stalei iiuary REPOR T OF TFIE INDEPENDENT AUDITORS TO THE fvIEfvIBERS OF FIANOCRAFTED PROJECTS OPINION Ve haveaudit e flnanclal the yearended 31 Decembei 2 B81ance SlieeL the Flow Slaleme sufflmary ol signifi ccounting poli applied in their preparalion is appllcabl Kingdom Generally Accepted Aecoiinti 'The Fiiiancial Reporting Standard appl In our oplnion tl)e financial staleme give a Irue and fair view of the s 2023 and ol ils incoming resou expendilure, for the rthene h8V ared in Acc luding Sla hav ndcraft rise the Stalern tes to the fina financ and Unite ractI￿1 itable c nv) lor ancial Activities. the ments. including a e￿￿ork that has bee unling Standaids lu rting Standard nerall e Fina BASIS FOR OPINION We conducted oui audit in and applic8 aw.0 udilors, re indepei relevan and we believo for our op .Wear that ar harita olihef ce ￿111 eUKin .We sis nion. CONCLUSIONS RELA TING TO GOING CONCERN In auditing the financi31 slalemenls, we have concluded th 13 HANOCRAFTEO Fiiiaiicial Stateinents ISI Janliai'y - 31st Deceinl)er 20?3 OTHER INIORMA TION The tfustees are responslble for the other informatioi). The othei. iiilormation comprises ihe informalion included in the Annual RèporL otherthan the linaiicial statements and our Report of the Independent Auditors thereon. Our opinion on the liiianclal statements does not cover the olh8rinf(Kmaiion and, except to Ilie èxtent otheThvise explicitly stated In our report. do not express any form ol assurance concluslon thereon. In connection with our audil of the financial statements our reswnsibilily is lo read the other inforrnalion and, in doing so. consider whether the olher information is Inalerlally inconsistent with the financial Statements or our knowledge obiained in liie auditor otherwise appeals to be materially misstated.11 we identify such material inconsistencies ot appareiit material mlsstalements. we are required to deteimine vihether this gives Iiso io a material misstatement In the lin8ncial st81emenls them￿1Ve$. If, based on the work yAe have performed. we conclude that there is a material misslalemenl of this other infoimation. IAJe are r￿Uired lo report that fact. We have nothing to report In thls regard. OPINIONS ON OTHER ￿lA TTERS PRESCRIBED B Y THE COMPANIES ACT 2006 In our opinion, based oli the vjotk undertaken in the COUTse of the aLidit: the infoimalioii given in the Report of the Trustees for Ihe financial year for whlch Ihe financial statements ale prepared is consistenl vjiih the financial stalemenls,- and the Report of the Trustees has been Pfepaied in accordance ¥..qth applicable legal requliements. MA TTERS ON WHICH WE ARE REQUIRED TO REPORT B Y EXCEPTION In the liohi ol the knob,Jledoe and understanding of ihe cl)arilable company and ils environment obtained iii the course of the aLidit. W6 have nol identified matwlal Imlsslalements in the Report of the Truslees. e have nothing lo report in respecl of the followiiig matters iwhere the Companies Act 2006 reqLiires us to report to you if. in our opinion: adequate accounting records have not been kept or returns adequate for our audit havo not been received from branches not visited by us.- or the financial statements ale not in agieement with the accounliiig records and retum& or certain disclosures of trustees, femuneralion specified by laivare not Inade,. or Iyp. hav• nnl rprp.jiipd all Ihp informalinr) aiid oyp18nalion¢ li'p IDqlJjTe for our 8iJdit,' or the trustees iNiere not entitled lo lake advanlage of the smalla)rnpanies exemption from the requirement 10 prepare a Strateoic Report or in preparing Ihe Reporl of the Trustees. RESPONSIBILITIES OF TRUSTEES As explained mol'e fully in the Stalemenl of T¥ustees' Responsib:"lilies. the trustees (who are also the directors of the charitable company for Ihe purposes of company lai¥l are responsil)le for the pieparation of the fiiiancial statements and foi beiiig satisfied that Ihey oive a true and fair view, and loi" such inleriial control as the trustees determine is iiecessary loenable Ihe prepa¥atior) of financial slaleineiils th818re free fiom material misstalemenL whethei due 10 fraud or eiror. In preparing the fiiiancial statements, the trustees are responsible Iof assessing the charitable company's ability lo continue as a going concern. disclosiiio, as applicable, nialtei"s related to going concern and using the going concern basis of accounlino unless the trustees eillier intei)d to liquidate Ihe charitable compaiiy or lo cease opeialions. or ha￿ realistic allernalive bul to doso. 14 HANDCRAFTED Fiiiaiicial Staletneiiis 1 sl Jaiiuai'y - 31s1 Deceinl)er 2023 OUR RESPONSIBILITIES FaR Th'E AUDIT OF THE FINANCIAL ST A TEMENTS Our objectives are lo obtain ieasonabEe assurarbce aboul whethe¥ the financial siaiements as a whole are free from material misslatemen¢ whether due to fr8LKJ oi. error, and to issue a Report of th8 Independent Auditors that includes our opinion. Reasonable assuran￿ is a high level of assurance, bul is not a guarantee thal an audit conducted in accordan￿ with ISAS IUKI will always detect a material misstatement when it exisls. Ivlisstatements can arise ffom fraud or error and are consldered maleiial if. individually or in the aggreoale, t￿,eY could reasonably be expected to inllueiice ihe economic decisions of users taken on the basis of Ihese financlal slalement& The extent lo which our pr(￿eduleS are capable ofdetectlng iffeoularilie& including Iraud Is detailed belovl.. Our audit must be alert lo Ihe risk of manipulatioji of the flnanckgl statements and seek to understand the incentives and opwjrtunities for management loachieve thi& ljile undertake the following procedures to identify and respond to these rlsks of non-compliance.. the engagement partner ensured Ihat ihe engagemenl leani collectively had the appropriate competence. capabilities and skills to idenlify or recognise non-compltance v.iiih applicable laws and regulations we idenlilied the18ws and reoulations applicable to the chaiilclble company through discussions wiith Iriistees and oiher management and fromour knowledge and expersenc8 of Ihls sector,. we I￿uSSed on specific laws and regulations which we considered may have a direct material effect on the financial slatemeiils or tl)e operations ol ihe charitable company. including the Companies Acts Chaiities Acls. lax legislation, ernploymenL environmental and health and safely legislaliory we assessed the extent of compliance with the laws and reg[i￿tIOnS identified above through making enquiries of management and inspecting legal c01responden￿,- and identified laws and regulations were cofflmunicaled wiihiii the audit team regularty and the team remained alert to inslances ol non-compliance Ihrougliout Ilie audit. We assessed Ihe suscepiibility ol the chaiitable company's financial statements 10 maiefial misslaleinenL including obl8ining an understanding of how fraud m'uhi occur, by: making enquiries of man8gemenl as to ivhere they considered there was a SU￿pIlb1l1tY lo fraud, their knoivledge of 8cluaL suspected and alleged fraud.. consldering the inte¥nal controls in place to mitigale iisks ol fraud and noncompliance with laws and regulations. C ifr,-. I Iraud i.-.iougtr., maiagc-tnc.rit DiaJ and o ."r',rtC Vi C￿?.r01-. performed analytical procedures to identify any unusual oi Ur￿Xpec1ed relatlonshi tested journal entries lo idenlify unusual trans8Ctions- assessed whether judgements and assuniptions made in determining any accouniiiig estimates were indicative of wlential bias,. investigated the rationale behind sionific8nt or unusual Iransatttion& In respoiise to the risk of irregulaTlties and non-compliance v.iith lawsand regulaliorbs. we designed procedures v.Ihich included, but were not limited to.. agreeing financial statement disclosures lo underlyino supporting docuinenl81ion., I"eadiiig minutes of meetings of those charged with governan￿,. enquiring ol management as to actU818nd poteiilial litioation claim¥ iei'ieiioing correspondence ￿￿11￿ regulalors. HlvlRC aiid Ilie companvs legal advisers. Through these pyocedures, we did not become 84-.are of aclua105'SUSPECted noii-compliance. 15 HANDCRAFTED Flnaiicial Statements 1st January- 31st December 2023 We planned and performed our audit in accordance with auditing siandards bul owing 10 the inherent limiiaiions ol procedures required in these areas, there is an unavoidable risk that we may not have detected a maieiial misstaiemeni in the account& The luriher removed non- compliance with laws and regiilalions is Irom the events and ir8rBaciions reflected in the financial statements, the less likely we would becotne aware of it.The risk ol noi delecling a material missiaiemeni due to fraud is highei ihan the iisk of noidelecling one resulting from error. as fraud may involve concealment. collusion. forgery, misrepre*nlalions. or override ol internal controls. We are rbot responsible for prevenling non-comtAiance and cannol be expected lo delecl non-compliance with all laws and regulation& A further descflption of our responsibilities for the audit of the fingncial slalemenls is I(￿ated on the Financial Reporting Council's website ai www.frc.org.uklauditorsiesponsibililies. This description forms part of our Report ol the IndetEndeni Auditors. USE UF UUR REPURT This report is made solelytothe chariiablecompanrfs member& as a body, Inaccordancewiih Chapter 3 01 Part 16 olihe Companies Acl 2006. Ouraudil work hasbeen undertaken soihal we might slate lo the charitable compan￿$ members those mailers we are Tequired 10 state lo them in an auditors, ieport and for no other purpose. To the fullest exlenl ￿lmIlled by law. we do not accept or assLltne responsibility to anyone oiheT Ihan the chaiiiable company and the charitable cofflpany's members as a body. forour audit work, forthis repoQ or lor Iheopinions we have formed. Lesley Stabler 8AIHonsl FCCA Isenior statutory Audilorl lor and on behalf of Sumei Auditco Limiled The Beehive Building Beehive Ring Road Crawley Galwick RH6 OPA 16 HANDCRAFTEO Fiiiaiiclal Stateinents 1 st Janliary - 3 1 st December 2023 ST A TEMENI OF FINANCIAL ACTIVITIES IINCORPORATINGTHEINCOMEAND EXPENDITURE ACCOUNT) FOR THE PERIOD I JAblUARY 2023 TO 31 DECEMBER 2023 2023 UnrestTiLted (unds 3)23 2023 2022 Restricted fuJ7ds Total funds Total funds gie INCOMI E FROM.. Donali01s and legacies Charitable actiijities Housing Trairting Support Opportunities Tot31 350,874 350,874 327,873 606.282 189,9&S 45,SS3 43,317 1.326.OJ4 696.232 239,8J7 177,1(Kq 43,317 1.507,418 4)? 572 233,217 I￿,190 85,222 J.2CKJ,674 4g81'9 131555 18L401 EXPENDITURE ah,.. Churit¥ble actil'llies Housing Training Support Opportunitiei rotal IW.9231 1369,7491 1214,7051 195,6941 11,371,161) 169J,9231 1423,6", 51 I￿9,379 1292,a821 349,9071 12Y9.S181 19¢ 6941 183,8201 1174.7421 I1.￿5,903) 11,039,Q351 139,6301 1135.1121 Nei intomellekpenditurel 145,1471 4662 13&4851 161,579 I lot moiiement in Funds 145.147) 662 138,WS51 161,579 RECOrNICILIATIOM OF FUNI)S Tuldl luri4- brcugk,-. for¥'i¢ro Total funds iai'ried for.•iard 3r0 s77 )4,9 41,G26 3?5,¢41 297,0_76 173.962 335,541 25i,4130 17 HANDCRAFTED Fiiiaiicial Slateinoiils 1si Jaiiuary - 31sl DeceiMI)ei' ?0?3 BALANCE SHEET A5 AT 315TDECEM8ER 2023 2ts13 7.022 Ilote Unrestr1(ted liind5 Restylrte funds Totsl lund5 Totsl funds FIXÈO asset5 lan8ible fixed asse15 1,845,625 ¥845,625 1,845.625 845￿5 403,473 4(B,ITJ Cumni assets Debtors Cèsh at bank and hand io 129.1R) 471,585 1?.9,( 56,87.4 49,8f 41,626 4L626 271 CrÈditors'. Amounts falling due. wiihln one year 176,0891 173,6381 14el currnnt assets 524.556 41.626 Total •￿et$ le55 tuThpnt IlahllltlÈ5 41.626 436.5)9 Creditor5'. Amounts lallin8 due after one year Jz {2.114.7511 2,114,751) IJIX),9781 NotassÈts 41.626 297,1YJ6 J35,Mi l.unds Uiiieslrided fijnds Restricted fund lotal funds 255,4JJ 41,626 297,056 3t¥),577 16 335,541 Jillb¢￿1 u-.58-1. --10 The notes on pages 19 to 31 form part of these h'nancial statemenis. These financial statements have been prepared in accoidance ￿￿￿th t[￿ provisions applicable to charitable comp8nies subject to the sm811 companies regime. These linancial statements were approved by the members of Ihe coimmitiee on 19 Seplember 2024 and are sioned on theii behalf by= Paul Ivlorley. Chair ol Trustees 18 klANDCRAFTED Fiiiaiicial Staieiiieiils 1si Jaiiuaiy - 31sl Deceinl)ei' 2023 STATIMENT OF CASH FLOWS FOR THE YEAR ENDEO 31ST DECEMBER 2023 X)23 20J. Nei Incomè lorthe ￿PortIng perfod Adlu5tm¢nts lor. Depreoation charge5 Interest thar8e Decrea5ellincreasel in debtor5 Increase/ldecreasel in ueditOfS (3&4851 16L579 32.1 53.639 IT2.2361 41.153 41,885 9.318 I24.(￿) Net C15h provlded by operaung aclltrltles 201088 Cash flowsfiom Invtstlng *t1￿tieS Purchase of fixed o55e.tS Net (ash used In Investlnt artl&4tle5 1,474,343 IIA743431 IXK)A441 Cash flows Irom flThandn8 *ivltle5 Cash inflows from réew borrowin8 Inierest charge Repayments ol I￿rroW1n8 Nel ush pmylded by flnandnE artlvltles 153,6391 Il39.9781 i￿1.)13 19,3181 140,6241 149,9421 Change Fn cash and cash equivatenls in the peftod Cash and Lash equivalents at thÈ be8inntng of the reportin8 perio 3,351 49.8(Q 97.158 C45h Ind equlwalents * the end of reportlng period 513.211 49. ANAL YSIS OF CHANGES IN NET FUNDS Cash Hov 2023 Nel Cash Cash ai Bank and in hand 49. 463.351 513,2.11 Debi Debts falliiig w411.in l ye#F Debis fallinE dvp afivr l yeai" 59.￿ I¢Xl.978 1>9. 139.LKPI 2.013 772 J,9?4,rn) ?.J 14.750 3.114 750 19 HANDCRAFTED Fiiiaiicial Slateineiiis I sl JaiiLiai'y - 31si Deceinl)ei- 2023 NOTES TO THE FINANCIAL ST ATEfvIENTS 1.ACCOUNTING POLICIES BASIS OF PREPARING THE FINANCIAL STA TEMENTS The financial statements of the charitable company. vihich is a pulAic I￿rEfi.1 eiitity under FRS 102, have been prepa¥ed In accordance with the Chaiitles SORP IFRS 1021'Accounting and Reportlng by Charltles.. Slatement of Recommended Practice applicable to charities preparing their accounts in accordance with the Fin8ncial Reporting Standard applicable in Ilie UK and Republic of Ireland IFRS 1021 leffectlve 1 January 20191., Financial Reporling Standard 10?'fhe Fiiiancial Reportlng Standard appllcable in the UK 8nd Republic ol Ireland, and the CompaniesAcl 2006. The financial slalemenls have been prepared under the historical cost convei)tion. INCOME All incoming resources are included in the statement of financi81 aclivilies b-iiien the charity is enlitl8d 10 the income and the amotjnl cali be quantified ￿￿1th ie8sonable accuracy. The lolloirfing specific policies are applled to particular calegories of income.. Voluiitary income is re￿IVed by way ol granls aiid donations awè li￿luded in full In the Statement ol Financial Activities when the chaiity becomes enliiled. GraT1￿ ￿￿e{e enlitlement Is not conoition81 on the delivery of a specific perfoifflance by the charfty. are recognised when the chaiily becomes uncondilionally entitled to the gfant. Donated sewices and facililies are included at the value to tho charitywhere this can be quantifled. The value of services provided byvolunteers has not been in¢lu(led in these accounts. Assels doiiated are recognised In full as donations and fixed assets. Incoming resources from charitable trading activities are accounted for when eariied. Grants and fees received for current year expendilure and gr8nls lor purchase of fixed assets are recognised in full in the Statement of Financial Activities in the t￿riod in vFhich Ihey are ieceived, provided that the coiiditlons for receipt have been complied i•￿[h. Income is deferred only where Ihe criteiia for rec(NJnition as incorning resources in the Statemenl nf Flnanrl.914ntiii!tlo8 drb•S nnt pvisl at the balan￿ sheet dat*3 EXPENOITURE Expenditure is recognised on an accruals basis as a liabililyi is incusred. Resources er.pended includes any VAT brfhich cannot be recovered. and is reported as part of lh8 expeiiditure to which il ielates. Costs of generating funds compTise the costs associated with attracting voluntary income aiid Ili@ costs ol trading for fundraising puiposes including the cliarily's vlsltorcentres and from the commercial Iradina 8clivilies of the company's subsidiary. Direct staff costs have been allocated to the aclivily categoriei Vlithin the Statement of Financial Activities according lo the staff time spent. oiher direct costs are allocated aCCOFding toll aclivily. Supporl costs have been 8PPOrtioned based on an averaoe ofall staff lime speiit Ihal cannot be allocated specifically to one activity. Charitable expenditure comprises those costs incutred by the charily iii the dellvery of ils aclii'ilies 8nd services for its beneficiaries. It iTrcludes both costs iliat can be allocalbad directly to SLJcITr activities aiid those r.nsts of 8n indiree.I nature ￿e￿SSary lo suiJtK)rt thein. 20 HANDCRAFTEI) Fiiiaiicial Staloineiils 1 sl Januai'y - 31SI Deceffll)er 2023 Governance costs include th0￿ costs associated with meeliivJ the constitutional and statutory ¥equirements ol the ch8riiyand include the audit fees and costs linked lo Ihe strategic man8gement ol the chaflly. All costs are allocated between the expenditure categories of the SOFAon a basis designed lo reflect the use ol the resource. Costs relating lo a particulai aclivity are all(￿aled directlw others are apportioned on the basis ol lime spenL FIXED ASSETS Puichased assets with a useful economic life and initial cost ex￿edIng £500 are capilalised. All other purchased assets are expensed. All fixed assets are inilially record￿1 al cost. DEPRECIA TION Depreciation is calculated so as to wrile off the cost of an asseL less itseslimated residual value, over the useful economic life of that asset as follo Equipment 16.67% 10 33.33% straight line per aiinum Leasehold Improvements 10% straighi line per annum Freehold property Is depreciated where the building h8& il a predictable useful economic life. and ill an eslimaled residual value belo￿:￿ cost. Al 31st December 2023. all Ffeehold propety had eslimaled residu81 values above cost and. hence, were depreci8ted al OY.. TAXA TION The charity Is exempt Irom cort*Nation lax on its charitable aclimties. FUND ACCOUNTING Unrestricted funds can be used in accoidaiice with the charitable objectlves at the discretion of the trLlStees. Reslricled funds can only be used for particular restricted Pu￿Ose$ within ihe objects of the charity. RestTictions arise when specified by the dorkororwhen funds ore raised for particulor restricted purposes. hiRE PURChASE AND LEASING COMMITVIENTS Rentals paid under operating leases are charged to the Slatemenl of Financial Activities on a straight Ilne basis over the period of the lease. PENSION COSTS AND OThER POsT-RETIRE￿[EN[ BENEFITS The chari18ble company operates 8 defined contribution pensioTr sclieme. Conlribulions payable to the charitable company's pension scheme are charged lo Ihe Statefftent of Financial Activities in the period to ivhich they felate. 21 HANOCRAFTEO Fiiiaiicial Stateineiits Isl Jaiiuai-y - 31sl Deceinl)er 20?3 FINANCIAL INSTRUMENTS The compaiiy has elected to apply the piovisions of section 11 'B8slc Fiiiancial Instruments. and Section 12'01her Financial Inslrumeiits Issues. of FRS 102 to all of r(s linaiicial instruments.Financlal instruments are recognised in the companWs balance sheet ¥-Ihen liiecompany becomes party lo the contractual provlslons of Ihe instrumeni. Financial assets and liabililie5 ale offset with the net am(xinls presented in the financial statements, i-lhen i1￿re is a leoally eiiforceal)le right to sel off the recognised amounts and there is ali iiilention to settle on a net bass or to reallse the asset and seltle the liabillty slmullaneously. BASIC FINANCIAL ASSETS Basic financial assets, v.thlch include debtors al￿ cash and bank b8lance& are initially measuied 81 tfansaclion i)rice including transaction costs and are subsequenilycafried at amorlised cost using Ihe effecllve Interest method unless the arraiigement constitutes a financiiig Iransactlon, wiiere Ihe transaclion is measured al present value of the futuie receipts discoLinled at a market rale of Interest. Financial assets classifiecl as receivable within one year are nol amorlised. CLASSIFICA TION OF FINANCIAL LIABILITIES Financlal liabilities and eqLiily inslrum8nts are classified accordin14 10 substance ol the contractual arrangements entered Into. An equity Iiislrumenl is ansi contract Ilwl evidences a residual interest in the assets of Ilie company afler deducting all of its liabilitles. BASIC FINANCIAL LIABILITIES 8aslc flnaiicial Ilabililies, iiicluding crediior& bank loans and other k)ans are inilially recognised at transaciion i)iice unless the arrangement conslilutes a financiiig 118nsacliorK v.Ihere the debt instrumenl is measured at the present value of the future payments discouiited al a market rate of interest. Financial liabililies classified as payable w.iilhin one year alè not amottised. Debt instruments are subsequently cafiied al amoitised cosL LAsino the effective interest rale method. Tr8de creditors ale obligations to pay for goods or seNi￿S that h?£ ve been acquired in the ordinary course of buslness from supplie{& Amounts payable are classified as curfenl liabililies il paymenl is due iviihin one year or less.11 not, they are presented as non curreiil liabilities. Trade creditors are recognised initially al transactlon price and subsequently measured al amortised cost using the 22 HANDCRAFTED Fiiiaiicial Staleineiiis 1si Jaiiuai'y - 31si Deceml)er 2023 2. DONA TIONS & IEGACIES 2n33 UNestrlcted Reslrécttd Total lunds Total funds Donalions-wft aided Donat¢ons- not Vft aided Gift aid rewvered Grants 38.554 12,074 I9.￿7 2￿.439 38.594 12,074 17.&38 12.473 2￿,439 2Y3,353 I"olal donations and14acles 350,874 39)￿?4 3. INCOME FROM CHARIT ABLE ACTIVITIES Tnlnlng Supptsrt IKome 21ll3 Grnnts Rental Income Hoijsins Training Support Opportunit+es 6￿,282 211.238 112,570 Total I￿238 Its.5 Soaal Entsrwlse ?Al2.3 Totsl Hovsing .282 239￿37 177.1 42,297 43,317 44J7 ￿￿,541 Support Opportunities TTrlttln Rentsl Income (l￿traCts S'upwrt In¢ome Grnnts 10.675 I(￿,879 412￿? Tr3inine Support OpptsFluniliP.S IXl.339 69,579 Toi?1 283.97? 441897 5oc4al l.nltwlse 207.? iotsl Hov$4nÉ 453,572 Stspporl Opptsrtu4itPf JS.643 loial 15,643 8ri.8 23 HANDCRAFTED Fin8iicial Staiemeiils 1si Janiiai-y - 31sl Deceinber 2023 4. COSTS OF CHARIT ABLE ACTIVITIES ~ B Y ACIIVITY 20?3 Llred Costs Goveman¢¢ Total Costs Housing Training Svpport Opportunities 581.073 344.292 291,274 ,479 iC6.444 4C8,379 349. 53. 14.744 1.725 471 Total cosl of thaAtabl• actl¥115ts 3a>.ll8 238.￿$ 7,620 &545,9)3 rjlrnd Costs Mafiaien*TrV Goveminto Total Costs Housing Tfainini Support Opportunities 3fa..s82 249.964 542t6 *W.128 2,887 423,675 292,1W2 239,518 83,820 L632 571 n,TY3 11.516 TO1￿ costof thiritable Ldivltl¢s B89,259 5. COSTS OF CHARIIABLE ACIIVIIIES - BY MATURE 20 Vnrestrfded funds Rtstritted funds Total fund% Total Wa8es and salaries Social 5ecvrity Peilsion Contributions Rent & Rates Contracted Dllt sprvices Fquipmeiit 488.582 58.848 12.026 2￿026 142.217 ii.lxji TJ,?.43 3?.745 65.778 23,766 42,￿5 8,512 4.318 33.190 74,298 124,378 61?,￿ 471.914 12,026 12,850 2Y),026 205,8￿1 142,2J7 48,776 ii,o)i 6.697 83,?.34 .,745 io,LLo 5,9Jl Inruuian£i.' 19.X 5J.J)I 14,131 JO,73J I,oiJ ?,65J 41,&S5 41,611 ijtililies Irave.5 & Subsistence l.vrt7i3 Fees payable to tlie tharity's audttors forthe audit of the tharity's financial statement5 Accouniancy Sernices 1.140 7. TRUSTEES REMUNERATION There were no irustees. remuneration orother benefits f￿the yew ernled 31 December 2￿23 nor for ihe year ended 31 t)ecember X)22 There were no trusiees, expenses paid for the yearended 311k￿rythr 3)23 forthe yeèrended 31 December 20 8. STAFF COSTS AND EMOLUMENTS Wages and sèlaries ScK431 security Pen$ioii Total staffc05ts and ernoluments 6JZ. 471,914 28.763 11026 513.557 Ilumber Number 21 Project workers Administrative Tota a¥erw numbpr of staff 31 24 No pmployees received emoluments in ex￿$501 £EQ,LXY) Key m3no8ement persmnel remunerats.on for the period I￿alled E139,3FIJ{X)21." £44,534] 25 14ANI)CRAFTED Fiiiaiicial Stateinei)Is Isl Jaiiuai'y - 31si Deceinl)ei- 202? 9. TANGIBLE FIXED ASSETS ¥Èhold Improvements Freehold Property. [quIp￿ent l-otal Cost At l January 2023 Additions At 31 l>e¢ember 20 202.346 74,8Lf2 277,147 85.C45 199,533 16,(fil 1,383,49) IOiiW I.583.￿3 486.￿.4 1,474 343 J.,96L267 IYepredatloD At l Januory 2023 Chèrge foi the yeai. Ai 3] Decembei 20 25.431 27,711 53.142 44,7% 17.703 13.224 83.451 32,190 JlS,64) Ne* book valu Al 33 DecemLYr ￿?.3 At 3] December 2022 1,583,023 186, ),&15.625 403,473 176.915 40.249 "lficluded wiil)in Freehold p[n￿rtY is long-term leaseholds tsn 4 properties and Tyneside leasphold5 on 6 properties. The iolal 148V ol ihest properties Jre £273,599 on lon8 tem lease5 and £424.1(Xlon Tyne5ide leèses. ID. DEBTORS 2022 Gift aid rÈco¥eT3ble PrL paynient5 and accrued twTrcome Trade debtors Totsl 7.,389 31,29b' 23.139 5A814 34.629 84.727 11. CREDIIORS. AMOUNTS FALLING DUE WITHIN ONE YEAR ?A)23 2022 Trade credilors Accrvals OthoT CrÉdiYors Concps¢1oi￿ry lJ)an5 OtIiEI tsy.dl Iriii & l.al Grant 6.433 9,781 5.250 iJ.9XJ 16,4331 19. 7811 1:3.$0)1 ZL626 21,626 28 HANDCRAFTEO Fiiiaiicial Staleineiiis 1 sl Jaiiuai-y - 31st Decoml)ei 20?3 irfomlr¢ Ou401 2022 m0￿meThi Unrestrlrted funds General FLtnd I￿.128} 95L750 {W1281 62.622 6?.W. Rtstritled funds NMS Cx)nr*ctor Grart TAPS Grant The Eail of NorthJnptor4'5 Charitv 14at[￿W￿je Bulkline Sorlety ial Enterwise Fwxl Mid Durham AAP 116.5651 14.478) 116.S551 14.4781 73.240 9,781 73.240 47.330 137,5491 I￿(￿ {19.533) 19.533 NHS HEallh IMw￿ment FtsTxI Access Reach Fw PCC S)fer¥ Flmd muniiy Inliastrwiwe Levy DIckC￿ Trust Furnl Akno Internat￿1 P4¢rt Fw GatetheadCovid(tsrn Benefacl Trust Deckham LIKèl C(m4miiyFuNI Gaiethead Smal Fwd Gia Benefèct Trust- Brt8hter Lv4es 6,433 110.6751 (7.Jal 7.1(L) (3.1XXI 15,(XXI 2,296 5.250 13. 98.957 2tfl.9 IJA496 BalarKe 4rt J Jan 3V2 betw¢en BJl•nce li fvnds 31 Dec20 2022 Inf￿￿tr Vnrestrlrted T.￿d$ Geneial Fund 152.919 85.036 JKJ.577 )J,5 Restiirted funds PIHS Conneitor Grart TfftGranl The la￿. ol 14rnhary)Drori L fharity Natic¥bwKl*. BuikSiii£ gxiEIy ial Enteiwise S'.w Mld Durhhni AAP NHS t+*alth Imwoveff,pp.l 16.565 4.th178 14,4781 (73.?4 9.781 9,781 6.43 6.433 P(L &Ipiy luTrd muniitr Inli8511 ￿.1￿*. LE< tiiikfft l iusi Fu 16.5LI Atrr.. IntÈtlldtl(M¥l Phint Galpgipiid Cjyiid t Ti'usi D£.¢klLam l (Kal th01m￿b1V I"￿* CatprJiPdd Stn-¥ L-IAnt Bf.nelai.-l Trust 8righlFI INP5 13,IK ly,￿K￿ ?.l(ty13 185,0361 29 HANDCRAFTED Fiiiaiicial Statemeiiis 1s1 Jaiiuary - 31si Deceinl)ei' 2023 15. RESTRICTED FUNDS WIIS Health Improvenient r.und TD provide wrap-oround, holistll SUPPOrt to vulnerable adults in the afea throu811 our DurhJm 5VPPOrt workers who are crucial to Oeliverin8 our pÈrson-centred intensive support in every element of OUT woth. N￿lonwIde Bulldlft8 SoclÈty The staff. and the quality equipmenl and maierTral c05t5 Ihal we. need io Bet the Gateshead community hub e5tsblished and to really engage with people who need the most supwrt lo avoid homelE55nesS. Gateshead Small frood Netwo￿ Gftnt To support the running Costs of our brand new community rafe in DÈ(kh•m. Our trainees eat a hot meal every weekday our hub in The Shakespeère. at no cosi to them. A50ur community L3le 01)ens, we will continue with this community acii¥ity which meets Ihe tmmediate netds of ourlrdineEs lo eat eiiou6h hÈblthy food. These hoi meals will bÈ cookÈd by our trainee Voluntee￿ in ouion-sitr ira4nin8 kitchpn. enefacl YTu51- 8rl¥htei Uves GrnDI Our Sr>lution FDcussÈd Support projed work5 wilh local thuTches in or41erto provide therapeutlc 5UPPOrt artivities driven by Christian values, lor individuals Ixire social Èxdusion and mental health issues. HM Prlson and Pn)batlon Serylce Provide ￿orth Eèsl Probation SeNice with sotial indusion palhway ir (atesheld and thjtham, providing 20 spaces for referrals from the Inte8raled Offender Miana8emenl Unil ta aitand workshDPS in Dtsrt)aii) anLt GaiÈshead Poverty Hurts Gjant To support ihp. cDsts nf one-tO.Dne woodwork tfaining in our Durham The granl is to coverlraiiiing rnateri315. overhead5 an(1 siaff. Hadley Tnjsi G¥ani To stspport oui" work with young care leavets in County DuTham and Galeshead. The 8fhi?I lovers 517)6 01 thp sèldfiÈf loi ktry UPPiJi1iiig yLtsiig (ATP IEa¥f r5. 30 HANDCRAFTED Fiiiaiicial siaieineiits 1s1 Janiiary - 31si Deceiml)ei- 2023 16. RESTRICTED FUNDS - CONTINUED Chesierle Street Prlmary Care Network Conynunlty InvestmeTrl Fun To fund the salary of 3 Kitchen TraiTrinE Superyisor for the Che5ter-l*-Street hub's trainrng kitchen. County Duth&m Houselmrfd Support fund To provide financial and matenal support 2(Opeople 5eYerely affected by poverty. disadvantage, and isolation in County Durharn. Hadley Caplt*l Gt•nt Tr)w'ards the purchase of the ShakespeèrÉ- the home of our Gateshead livb. 17. RELATED PARTY TRANSACTIONS From Ilth October 2020the thèrity has a four-year lease on a one-bèd property that is ow'ned by Janet and Graham Buttan5haw, paients of Mavk Buttanshaw. The propÈrty is usedto provide supported accommodation to thÈ benefioarles ol the chahty. The lease Is at a bellw m3rket rate of £2.4X)pÈr annum, plu5 annual property management fee of £1.￿. From 13th April 2018the charity has 3 lease oft a two.bed property thais oW￿d by DaniÈl and Abigail t4ortho¥er. The property is used to provide supported atti>mfflodatioTr to the benefiaaiies ol the charity. The leasÈ 15 at a peppp.Icorn rale of £1 perannum to ensure there is nof¢nano?I benefit derived by Daniel 14orthover as CEO of the tharity. Th15 is in J￿r￿a4)ce with the Artides of AsSOCOation and advice soughtlrcAn the Charity Commission. othÈi tru5teÈs rÈcei¥ed 3ny reffluneraiion in the year or any re1M￿￿ement of expense£ incurred rii caryiTrg out their duties (2022.. noti.el. 31 HANDCRAFTED Fi1i8iicial Stateineiils 1 SL Jaiiuaiy - 31sl Deceml)ei' 2023 IB. 2D22 SIATIMENT OF FINANCIAL ACTIVIIIES 1114CORPORATINGTHE IiicohlEAND EXPENDITURE ACCOUNn FOR THE PERIOD I JANUARY X)2?. TO 31 DECEMWER xrL2 ￿￿￿$trIcted furnls Restrf(ted luNts Total ftsnd5 INCOMI fROhfj: ()onations and le8xies Charitable artivitie5 Housing Traning SuppDrt Opptsrtunities 327.873 327.873 369,657 174.491 25.507 55.222 83.915 58.716 75.?S3 453,57?. 233,217 85,222 12L¥),674 17.914 EXPENixfuRE ON: Charitable aciivities lknusing Training Support Qpportunities 1413.LfO) I228.￿) li￿.440) 153.820) I￿.675? 163.2141 145.018) ia).IM)I 1423.675) I292.1￿2) 1?39,5 183.820) Total 184),J281 (l• W) li,OJ9,0951 Nel IDtome/lexpendlluYel *957 Transfers between fund5 85.0361 Net movement In Fiinds 147.651 J3,$1 AICONCIUATION ()1 rvp41 Total f und£ brought forward lrnal lund5 tanled l¢)M¥d 152.919 3LK•.5TI 21,013 IT￿.￿?. 335,YJ