The Net North Shields Registered Charity No. 1151677 Trustees. Report and Financial Statement for the year ended 31 December 2023
Legal and Administrative Information Name: The Net North Shields Charity no.. Structure.. 1151677 Unincorporated association 9overned by a constitution. Trustees: O Hodgson LKay B Tavemor C Brown JC Nolan S Barlow R Chapman S Tempest Trustees are elected by the membership at each Annual General Meeting. Principal Office.. The Old Low Light Clifford Fort North Shields Tyne & Wear NE30 1JA Bankers.. HSBC 110 Grey Str8el Newcastle upon Tyne NE16JG Independent Examiner.. Mark Thompson MAAT VODA Spirit of North Tyneside Wing 2nd Floor, Wallsend Customer First Centre 16 The Forum Wallsend NE28 8JR
The Net North Shields Trust••s Report: for the year ended Decomber 2023. We approach 2024 with optsmism for the future and plans in place for a full programm6 of activities. This is despite a difficult year ènd one that we wll not forgel. not least bocause our ¢hair- arKI greatest champion- David W Bavaird. had to step back dLte to an illness from which he later passed away. David made such a significant contn"bution. always encouraging and guiding, even from thg earfiost days. when thè centre was just a dream. Ihal his loss has been sorely felt. We owe him a debl of 9ralilude and ffliss him very much. Although David was involved with many local organisalions. th8 Old Low Lighl was a special place for him, so we Ihou9hl il only litting lo name our lop floor Ihe 'DaV W Bavaird community room, in his memory We also know that what he would really want us to do is succeed anY over th8 year, despite financial worries, we have focused on building on his strong legacy. In spring w8 rgcèivèd a welcome £2,000 Irom Asda and a £4,0£ grant from the RIN Mann Twst. This combined with £10,000 from the Sir James Krbott Trust, helped us lo ovèrcomg dramatic price rises al the start of the year. but we knew il only bought us lime. So. wt have fo¢used on sourcing and applying lo pol&ntsal funders and 'working smart'_ which means doing everything possitAe lo maximise our profits and minimise our losses, induding continuing with reduced opening limes. Thankfully. in 2023 our own income has sleadily incfyased, and in rec•nt months some of our grant applications havo been successful, allowing us lo mak8 plans for the year ahead. In November the Barbour Foundalion awarded us £4.000 and The National Lott8ry Community Fund aw8rded £5,000 in 2023 and £21,000 a year IOT each of Ihg next live years lo support stsffing cost$. W8 received £15,000 from the Garfield Weston Trusl and £5,000 Irom the Community Foundation, both lo help with running cosis. The Mouth ol Tyne Collective 15 providing funding lor five music evenis and North Tynoside Council has designaled the centre as a 'wafm spacg,. which also comes with money. Alongsidg grant funding our own charitable. commercial activilies and smart working p18ns hav8 continued lo generate more than 70% of Ihe income required to sustain the Old L¢)w Lighl. The lime, enorgy and effort of volunle&rs at the heritage cenlre have helped us generate £128.000 in 2023 thfough Salos in our cafè, shop, room hire, admissions and mgmbafship scheme and evènts progr8m. This linancial success and supwl 15 wonderful and provides a welcomè buffer. bul we musl ¢ontinu8 to opèrate as efficiently as p055ible and do all we can lo reduce105ses. The fact maInS that it cosls £430 every day we are 0ft, and Ouf income works oul èl £440 a day. So, our linances are slill finely balanced. Oespile pre35ures, we have had a full events programme with visitor numbers increasing lo well 31,000- more than 10 per cont up on 2022. Events have includod . An expanded talks programme. Inclu(Jing some on Tuesdays as well as the wular Saturday heritage talk5. +Two new èxhibitions- one by Northern Thad$ which attracted 8,000 visitors over a Nvo-month period and the other, the Merchanl Navy. Tyneside Slories, researched. desFgned. and curated by OUT own volunt88rs which is also prowng to be very popular. . A display ol marine paintings and model boats by retired fisherNn. v4ho also ran events al the Boy Jamgs Coble. explaining about traditional f15hing. . Regular guided walks from Clifford's Fort. as well as a new heritagè walk in Preston Village. . Several slilching and wllow weavin9 workshops.
.Three classic concerts lealuring lopcla5s musi¢ians. music events by community groups and regular music sessions in the café. A highlight of the year was Ihe 'sea ol poppies, project involwng several poppy making session5, as well as p8ople knitting and crocheting poppies al home_ This resulted in over 3.(J)O poppies foi a fabulous display outside the cenlrè in the run up lo Remembrance Sunday. donalion from some friends ol the Old Low Light. who have Merchant Navy conn8ctions, helped lo pay for our currenl $xhibilion. W8 have b8en pleased lo work wilh Keith Barrètt, thg artist commissioned by the council to ¢reate a public sculpture of Mary Ann Macham, the escaped enslaved woman whose story wè told in our 2019 Breaking Chains exhibition. Our lriends from FLOW continue to meet here tJ¥o days a week. we have mindfulnoss and yoga sessions as well as olhei meetings by the council and community groups. W8 have also had a busy year with school visits. some just coming to fir out more 8boul the hislory, heritage Ind wildlrfe ol the fish quay and others focusing on sptCTfic proi9cls such as Ihe Tyne in Tudor limes. We begln 2024 wilh plans for an expanded t8lks prtyramme and some exciting music events, onc& again Pfoviding a venue lor musici*ns who a also al home on nalional and inlemalional stages, as well as an afternoon of North East traditional songs by a popular communjty gioup. We hop8 il will not be too long lOre we can anno(tnce som8 new guided walks and craft V40fkshops. Tru$t••$' r•$ponslbllltl•s In rnlatlon to the fln•n¢lal $tst•m•nts Charity Law requirès th8 Trustees to prepaie financial statemènts for each financial year which comply with the regulations sel out in the Charities Acl 1993. The Tnjstees have elected lo lak8 advanlage ol the provisions that apply lo smgll ch nd have prepared a Re¢eipt$ and Paymenls Accounl and Slalemenl ol Assols and 14.0.¢tr IoL¥ Sign8d'. .Chair. on bghalf of the Trustees. dale.. Li
INDEPENDENT EXAMINER'S REPORT Report to the trustees of The Net North Shields On accounts for the year ended 31 DeGember 2023 Charty no 1151677 Respective rèsponsibilities of trustees and examiner The trustees of the organisation are responsible for the preparation of accounts,. they consider that an audit is not required for this year under section 144{21 of the Charities Acl 2011 and that an Independent Examination is needed. 11 is my responsibility to • examine the accounts {under section 145 of the 2011 Adl. • follow the proc8dures laid down in the General Directions given by the Charity Commission {under section 14515}(bl of the Act), and • State whether particular matters have come to my attention. Basis of independenl examiner's statement My examination was carried out in accordance with G8n8ral Directions givèn by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. 11 also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees conceming any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the accounts. Independent examiner's statement In the course of my examination, no matter has Gome to my attention: which gives me reasonable cause lo believe that in, any material respect, the trustees have not mel the requirements lo ensure that= proper accounting records are kept (in accordance with section 130 of the Act)., and accounts are prepared which agree with the accounting records and comply wth the accounting requirements of the Act., or 2. to which. in my opinion. attention should be drawn in order lo enable a proper understanding of the accounts lo be reached. Signed: Date: 24 October 2024 Name: Address: Mark Thompson MAAT VODA Spirit of North Tyneside Wing 2nd Floor, Wallsend Customer First Centre 16 The Forum Wallsend NE28 8JR
The Net North Shields Balance Sheet at 31 December 2023 2023 2022 Fixed Assets Current Assels Debtors Prepayments Stock Cash at Bank & in Hand 2976 456 28723 2466 232 22864 Total Cash Balances 32155 25562 Current Liabilities 3721 2333 Net Current Assets 28434 23229 Net Assets at 31 December 2023 28434 23229 Represented By". Restricted Funds Unrestricted Funds 5034 23400 1500 21729 28434 23229 Total 28434 23229 The financlal statements were approved by the following members of the Manageme mitt Signed Position aKay Signed Position David Hodgson Date O&ob4r £DIy..
The Net North Shields Receipts and payments account for the period 1 January to 31 December 2023 Notes 2023 2023 Unfestricted R•stricted 2023 Total 2022 Total Income Donations Charitable Activties Other Trading Activities Investment Income {21 (31 (41 46739 11333 106675 163 9184 55923 11333 106675 163 54571 11241 86372 20 Total In¢orn• 164910 9184 174094 152204 Expenditure Cost of Trading Activities Charitable Activities Depreciation {51 (61 (71 21410 141829 1500 4150 22910 145979 24624 142163 Total Exp•ndlturo 163239 5650 168889 166787 Surplus for the period 1671 3534 5205 -14583 Transfers Been Funds Balance al 1 January 2023 8alan¢• Jt 31 Decernber 2023 21729 1500 23229 37812 23400 5034 28434 23229
The Net North Shields Notes to the accounts, 2023 1. Accounting Policies a The financial statements have pr8pared in accordance 7Mth Accounting and Repo.ng by Charities.. Stat8ment of Recommended Practice applicable lo charities preparing their aceounls in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffects've 1 Jan4Jary 20151- Charities SORP IFRS 1021. the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Companies Act 2006 The Net North Shiel(Js meets Ihe definstson of a puNic benefit entity under FRS 102. Assets and liabilities are initially recognised al historical cost or transacts.on value unless Otheise staled in the relevant accounting policy notelsl. b Grants receivod are accountsd for on a received basis and credilod to income. Voluntary income is received by way of donations and gifts aThJ is included in lull in the Rgceipls and Payments Account when received. 2. Grants & Don¥tlons North Tyneside Council . Summer Space North Tyneside Council . Winter Wami Space National Lottery Community Fund 3000 5184 9184 3. Charltabl• Actlvltl•s Room Hire 11333 11333 4. Oth•r Tradlng Actlvltb•$ Calé & Shop Income Event Incom6 Admission and Ticket Salos Membership 81801 12389 6067 6418 106675 5. Costs of Tradlng A¢tSvltl•• Café Supplies Gill Shop Supplies Event Costs of Sale Museum Cost8 18414 2465 2031 22910 6. Co$ts of Charltabl• A¢tivlth$ Staff Costs Premisos Insurance Fees Legal & Professional Office Costs 106194 30481 3367 1585 4352 145979 7. TNst•es, staff and r•l•t•d party transaction$ The org8nis81ion employed an average of 7 members of staff during Ihe period of the accthjnts. No P8yments were mode lo trustees. 8. Restri¢t•d Funds Analysis of Rèstricted FurKIs.' Historic England North Tyneside Council - Summer Space North Tyneside Council - Winter Warm Space National Lottery Community Fund Open 8a1 Incom• Expend End 8a1 1500 1000 2000 1150 1000 4034 5184 Total 1500 9184 5650 5034