2024-12-31-accounts - Newton Hall Community Partnership

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Newton Hall Community Partnership

Charity No. 1158541

Trustees' Report and Unaudited Accounts

31 December 2024

Newton Hall Community Partnership Contents

	Pages
Trustees' Annual Report	1 to 2
Independent Examiner's Report	3
Statement of Financial Activities	4 to 5
Balance Sheet	6 to 7
Statement of Cash flows	8
Notes to the Accounts	9 to 10
Detailed Statement of Financial Activities	11 to 12

Page 1

Newton Hall Community Partnership Trustees Annual Report

The trustees present their report with the unaudited financial statements of the charity for the year ended 31 December 2024.

REFERENCE AND ADMINISTRATIVE DETAILS

Charity No. 1158541

Principal Office

Abbey Road Pity Me Durham DH1 5GE

Trustees

The following trustees served during the year:

C. Hillary A. Hopgood W. Pattison M. Simmons L. Tuttiett

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Key Management Personnel

Chair Mamie Simmons

Accountants

DJP Accountancy Limited 78 Lumley Avenue South Shields NE34 7DL

Bankers

Co-operative Bank Durham City Branch

OBJECTIVES AND ACTIVITIES

The Objects fo the Charitable Incorporated Organisation (CIO) are : To further or benefit the residents of Newton Hall in County Durham and the neighbourhood, without the discrimination of sex, race or political, religious or other opinions by associating together the said residents and the local authorities, voluntary and other organisations in a common effort to advance education and to provide facilities in the interests of social welfare for recreation leisure time occupation with objective of improving the conditions of life for the residents.

To Promote such other charitable purposes as may from time to time be determine. In furtherance of these objects but not otherwise, the trustees shall have power to establish or secure the establishment of community facilities and to maintain or manage or co-operate with any other organisation in the maintenance and management of such facilities of the above objects.

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

Page 2

Newton Hall Community Partnership Trustees Annual Report

ACHIEVEMENTS AND PERFORMANCE

Newton Hall Community Centre has developed into a local community hub, providing social connection and health and wellbeing benefits by offering a spectrum of opportunity through sporting, recreational, social and educational activities for the residents of Newton Hall and surrounding districts and as such benefits the local community.

Over the past 12 months, the centre has established several new groups and activities into the programme. These new activities have not only helped increase the overall usage, but have also enabled the centre to deliver a wider programme of use, therefore increasing the opportunities for the wider community. Increased and diverse usage of the spaces has enabled meaningful relationships to be built and developed between people of different classes, faiths, ethnicity and generations. The revised programme has also altered the demographic profile of the users of the centre, with a significant increase in younger people being involved in activities provided and participating on a regular basis.

FINANCIAL REVIEW

The attached financial statements show the state of the finances and related transactions during the past year, which the trustees consider to be correct.

Incoming Resources amounted to £41,578 (2023 £44,480), whilst Resources Expended were £46,825 (2023 £50,881). The deficit of £5,247 (2023 deficit £6,041) resulted in closing Net Assets of £86,725 (2023 £96,412) of which £35,000 (2023: £35,000) are restricted funds and £51,725 (2023: £61,412) are unrestricted funds., The Partnerships' bankers are the Co-operative Bank at Durham City. The accountants are DJP Accountancy Ltd, 78 Lumley Avenue, South Shields NE34 7DL.

The target of the reserves policy is to maintain a level of reserves, which will ensure a continuation of operations for

at least six months without income.

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate

controls are in place to provide reasonable assurance against fraud and error.

The trustees have assessed the major risks to which the charity is exposed and where necessary have taken steps

to minimise such risks.

The trustees have assessed whether the use of the going concern assumption is appropriate in preparing these financial statements. The trustees have made this assessment in respect to a period of one year from the date of approval of these financial statements.

The trustees of the charity have concluded that there are no material uncertainties related to the events or conditions that may cast doubt on the ability of the charity to continue as a going concern.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Page 3

Newton Hall Community Partnership Trustees Annual Report

The organisation is a charitable incorporated organisation (CIO) registered on 12 September 2014. The organisation was established under a constitution that established the objects powers and governance of the CIO.

The trustees who served during the year and up to the date of signature of the financial statements were: Amanda Hopgood Wendy Pattison Mamie Simmons Linda Tuttiett and Colin Hillary

The charity trustees are members of the CIO. They are responsible for investing and expending funds of the charity in such a manner as they shall consider most beneficial for the achievements of the objectives. They enter into contracts on behalf of the charity. They are responsible for the proper management and administration of the CIO in accordance with the constitution.

The trustees are subject to retirement after a maximum of 3 years unless they retire or are removed in accordance with the constitution.

Retiring trustees may be reappointed for a further term.

Appointments are made by members of the CIO at its Annual General Meeting or at other times by ordinary resolution. Trustees are recruited for their ability to manage the charity in accordance with the provisions of the constitution and in furtherance of its objects.

There must be 3 trustees minimum and 9 maximum.

The present trustees have a variety of backgrounds and skills and the board seeks to maintain an appropriate range of skills to match the tasks undertaken by the board. Trustees must be familiar with the activities of the charity and in sympathy with them. Potential trustees identified by the existing trustees are, discussed with the other trustees then approached to check their availability

.The CIO was established to take over the activities of Newton Hall Community Association (registered charity number 1105199) (NHCA) prior to closing NHCA. A resolution to transfer the assets and operations of the NHCA was passed by its members and this transfer took effect from 1 January 2016. This transfer is to create a suitable limited liability organisation to take the lease of the community centre and expand the operations of NHCA.

NHCA was in good financial health and this transfer is simply to improve the governance arrangements.

Statement of trustees' responsibilities in relation to the financial statements

The charity trustees are responsible for preparing a trustees' annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the Trust deed. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.

Page 4

Newton Hall Community Partnership Trustees Annual Report

Signed on behalf of the charity's trustees

A. Hopgood Trustee 31 December 2024

Page 5

Newton Hall Community Partnership Independent Examiners Report

Independent Examiner's Report to the trustees of Newton Hall Community Partnership

I report to the trustees on my examination of the financial statements of Newton Hall Community Partnership for the year ended 31 December 2024.

Responsibilities and basis of report

As the charity's trustees you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

the accounting records were not kept in respect of the charity as required by section 130 of the Act; or
the financial statements do not accord with those records; or
the financial statements do not comply with the applicable requirements concerning the form and content of financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements give a 'true and fair' view which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

DJP Accountancy Limited 78 Lumley Avenue South Shields

NE34 7DL 31 December 2024

Page 6

Newton Hall Community Partnership Statement of Financial Activities

for the year ended 31 December 2024

Unrestricted funds	Restricted funds	Total funds	Total funds
2024	2024	2024	2023
£	£	£	£

41,577	-	41,577	44,841
41,577	-	41,577	44,841

46,825	-	46,825	50,882
46,825	-	46,825	50,882
-	-	-	-
(5,248)	-	(5,248)	(6,041)
-	-	-	-
(5,248)	-	(5,248)	(6,041)

(5,248)	-	(5,248)	(6,041)

56,972	35,000	91,972	102,453
51,724	35,000	86,724	96,412

Page 7

Newton Hall Community Partnership Balance Sheet

at 31 December 2024

Charity No. 1158541 Fixed assets Tangible assets 7 Current assets Debtors 8 Cash at bank and in hand Creditors:Amount falling due within one year 9 Net current assets Total assets less current liabilities Net assets excluding pension asset or liability Total net assets The funds of the charity Restricted funds 10 Restricted income funds Unrestricted funds 10 General funds Reserves 10 Total funds	2024 £ 35,601 35,601 - 51,123 51,123 - 51,123 86,724 86,724 86,724 35,000 35,000 51,724 51,724 86,724	2023 £ 39,557
		39,557 5,324 52,415
		57,739 (884)
		56,855 96,412
		96,412
		96,412
		35,000
		35,000 56,972
		56,972
		91,972

Approved by the trustees on 31 December 2024

And signed on their behalf by:

A. Hopgood Trustee 31 December 2024

Page 8

Newton Hall Community Partnership Notes to the Accounts

for the year ended 31 December 2024

1 Accounting policies

Basis of preparation

The financial statements have been prepared in accordance with Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic if Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.

Change in basis of accounting or to previous accounts

There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.

Fund accounting

Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity.
Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values.
Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.

Income

Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability.
Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA.
Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income.
Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material.

Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets

Page 9

Newton Hall Community Partnership Notes to the Accounts

Expenditure

Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates.
Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs.
Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid.
Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs.
Other expenditure These are support costs not allocated to a particular activity.

Taxation

The charity is exempt from tax on its charitable activities.

Tangible fixed assets and depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Leasehold property 10% Straight Line Plant and Equipment 20% Straight Line Fixtures and Fittings 10% Reducing Balance Computers 33% Straight Line

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Freehold investment property

Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise.

Stocks

Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.

Trade and other debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Page 10

Newton Hall Community Partnership Notes to the Accounts

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.

Trade and other creditors

Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Foreign currencies

Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period. Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred.

All exchange differences are are taken into account in arriving at net income/expenditure.

Leased assets

Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.

Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases.

Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs. Assets held under finance leases are depreciated in the same way as owned assets.

Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.

Pension costs

The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the charity pays fixed contributions into a separate entity. Once the contributions have been paid the charity has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the charity in independently administered funds.

Page 11

Newton Hall Community Partnership Notes to the Accounts

Receipt of donated goods, facilities and services

All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.

2 Statement of Financial Activities - prior year

Income and endowments from: Charitable activities Total Expenditure on: Other Total Net income Net income before other gains/(losses) Other gains and losses: Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward 3 Income from charitable activities Charitable Rental Income 4 Other expenditure Employee costs Premises costs Amortisation, depreciation, impairment, profit/loss on disposal of fixed assets General administrative costs Legal and professional costs	Unrestricted funds 2023 £ 44,841 44,841 50,882 50,882 (6,041) (6,041) (6,041) 67,453 61,412 Unrestricted £ 41,577 41,577 Unrestricted £ 28,514 2,484 3,956 9,165 2,706 46,825	Restricted funds 2023 £ - - - - - - - 35,000 35,000 Total 2024 £ 41,577 41,577 Total 2024 £ 28,514 2,484 3,956 9,165 2,706 46,825	Total funds 2023 £ 44,841
			44,841 50,882
			50,882
			(6,041)
			(6,041)
			(6,041) 102,453
			96,412
			Total 2023 £ 44,841
			44,841
			Total 2023 £ 26,068 5,022 6,859 11,209 1,724
			50,882

Page 12

Newton Hall Community Partnership Notes to the Accounts

5 Net expenditure before transfers This is stated after charging: Depreciation of owned fixed assets 6 Staff costs Salaries and wages No employee received emoluments in excess of £60,000.	2024 £ 3,956 2024 28,514 28,514	2023 £ 6,859 2023 26,068
		26,068

		Total £ 73,418
Plant and Equipment	Fixtures and Fittings
£ 191 191 190 - 190 1 1	£ - - - - - - - 2024 £ - - - 2024 £ - -
		73,418
		33,861 3,956
		37,817
		35,601
		39,557
		2023 £ 2,547 2,777
		5,324
		2023 £ 884
		884

Page 13

Newton Hall Community Partnership Notes to the Accounts

10 Movement in funds

10 Movement in funds
At 1 January 2024 Restricted funds: Restricted income funds: Restricted Funds 35,000 Total 35,000 Unrestricted funds: General funds 56,972 Total funds 91,972 Purposes and restrictions in relation to the funds: Restricted funds: Restricted Funds Building Refurbishment 11 Analysis of net assets between funds Fixed assets Net current assets 12 Reconciliation of net debt Cash and cash equivalents Net debt	Incoming resources (including other gains/losses ) £ - - 41,577 41,577	Resources expended £ - - (46,825) (46,825)	At 31 December 2024 £ 35,000
			35,000
			51,724
			86,724



	At 1 January 2024 £	Unrestricted funds £ 35,601 51,123 86,724 Cash flows £	Total £ 35,601 51,123
			86,724
			At 31 December 2024 £
	52,415	(1,292)	51,123
	52,415 52,415	(1,292) (1,292)	51,123
			51,123

Page 14

Newton Hall Community Partnership Statement of Cash flows for the year ended 31 December 2024

Cash flows from operating activities Net expenditure per Statement of Financial Activities Adjustments for: Depreciation of property, plant and equipment Decrease in trade and other receivables Decrease in trade and other payables Net cash provided by/(used in) operating activities Net cash from investing activities Net cash from financing activities Net increase/(decrease) in cash and cash equivalents Cash and cash equivalents at the beginning of the year Cash and cash equivalents at the end of the year	2024 £ (5,248) 3,956 5,324 (884) 3,148 - - 3,148 52,415 55,563	2023 £ (6,041) 6,859 303 (1,800)
		(679)
		-

		-

		(679)
		53,094
		52,415

Components of cash and cash equivalents
Cash and bank balances	51,123	52,415

	51,123	52,415

Page 15

Newton Hall Community Partnership Detailed Statement of Financial Activities

for the year ended 31 December 2024

Income and endowments from: Charitable activities Charitable Rental Income Total income and endowments Expenditure on: Employee costs Salaries/wages Premises costs Light, heat and power General administrative costs, including depreciation and amortisation Depreciation of Plant and Equipment Depreciation of Fixtures and Fittings Depreciation of Computers Equipment repairs and maintenance General insurances Software, IT support and related costs Stationery and printing Sundry expenses Telephone, fax and broadband Legal and professional costs Accountancy and bookkeeping Other legal and professional costs Total of expenditure of other costs Total expenditure Net gains on investments Net expenditure	Unrestricte d funds 2024 £ 41,577 41,577 41,577 28,514 28,514 2,484 2,484 - - 3,956 4,754 932 505 1,128 906 940 13,121 - 2,706 2,706 46,825 46,825 - (5,248)	2024 £ - - - - - - - - - - - - - - - - - - - - - - - -	Total funds 2024 £ 41,577 41,577 41,577 28,514 28,514 2,484 2,484 - - 3,956 4,754 932 505 1,128 906 940 13,121 - 2,706 2,706 46,825 46,825 - (5,248)	Total funds 2023 £ 44,841
				44,841
				44,841 26,068
				26,068
				5,022
				5,022
				- - 6,859 8,325 884 458 606 396 540
				18,068
				1,724 -
				1,724

				50,882
				50,882 -
				(6,041)

Page 16

Newton Hall Community Partnership Detailed Statement of Financial Activities

Newton Hall Community Partnership Detailed Statement of Financial Activities
Net expenditure before other gains/(losses) Other Gains Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward	(5,248) - (5,248) 56,972 51,724	- - - 35,000 35,000	(5,248) - (5,248) 91,972 86,724	(6,041) -
				(6,041)
				102,453
				96,412

Page 17