| Page | ||
|---|---|---|
| Trustees' report |
1-6 | |
| Independent auditor's |
report | 7-9 |
| Statement offinancial | activities | to- 11 |
| Balance sheet | 12 | |
| Notes to the financial | statements | 13-19 |
| Trustees | Ms LSeebohm | Ms LSeebohm | |||||
|---|---|---|---|---|---|---|---|
| Mr A Brownrigg | |||||||
| Mr J Walker | |||||||
| Mr J McCabe | |||||||
| Dr YGale | |||||||
| Mr PS Deans | |||||||
| Administrator/Trust | Manager | Ms C Warnock | |||||
| Charity number | 1158914 | ||||||
| Principal address | 7 Lesbury | Road | |||||
| Newcastle | upon | Tyne | |||||
| Tyne and | Wear | ||||||
| NE6 5LB | |||||||
| Auditor | Robson Laidler Accountants | Limited | |||||
| Fernwood | House | ||||||
| Fernwood | Road | ||||||
| Jesmond | |||||||
| Newcastle | Upon | Tyne | |||||
| Tyne and | Wear | ||||||
| England | |||||||
| NE2 1TJ | |||||||
| Bankers | The Unity | Trust | Bank | ||||
| Nine Brindley Bank | |||||||
| Birmingham | |||||||
| B12HB | |||||||
| Solicitors | Ward Hadaway | LLP | |||||
| Sandgate | House | ||||||
| 102Quayside | |||||||
| Newcastle | upon | Tyne | |||||
| NE1 3DX | |||||||
| Investment | advisors | Rathbone | Greenbank | Investment | |||
| 10Queen | Square | ||||||
| Bristol | |||||||
| BS14NT |
| Current financ | ial | year | ||||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Endowment | Total | Total | |||||
| funds | funds | |||||||
| 2022 | 2022 | 2022 | 2021 | |||||
| Notes | 6 | f | 6 | 6 | ||||
| Income from: | ||||||||
| Donations and |
legacies | 2 | 10,000 | 10,000 | ||||
| Investments | 3 | 133,863 | 133,863 | 108,726 | ||||
| Total income | 143,863 | 143,863 | 108,726 | |||||
| ~E* dip |
||||||||
| Raising funds | 4 | 49,232 | 49,232 | 44,165 | ||||
| Charitable activities |
6 | 459,480 | 459,480 | 193,940 | ||||
| Total expenditure | 508,712 | 508,712 | 238,105 | |||||
| Net gains/(losses) | on investments | 287,064 | 287,064 | 1,735,688 | ||||
| Gross transfers | between | funds | 364,849 | (364,849) | ||||
| Net movement | in | funds | (77,785) | (77,785) | 1,606,309 | |||
| Fund balances | at 6April | 2021 | 7,409,212 | 7,409,212 | 5,802,903 | |||
| Fund balances | at | 5April 2022 | 7,331,427 | 7,331,427 | 7,409,212 |
| Unrestricted | Endowment | Total | |||||
|---|---|---|---|---|---|---|---|
| funds | funds | ||||||
| 2021 | 202'I | 2021 | |||||
| Notes | f | 6 | 8 | ||||
| Income from: | |||||||
| Investments | 108,726 | 108,726 | |||||
| Total income | 108,726 | 108,726 | |||||
| ~Edit | |||||||
| Raising funds | 44,165 | 44,165 | |||||
| Charitable activities |
193,940 | 193,940 | |||||
| Total expenditure | 238,105 | 238,105 | |||||
| Net gains/(losses) | on investments | 1,735,688 | 1,735,688 | ||||
| Net (outgoing)/incoming | resources before transfers | (129,379) | 1,735,688 | 1,606,309 | |||
| Gross transfers | between | funds | 129,379 | (129,379) | |||
| Net movement | in | funds | 1,606,309 | 1,606,309 | |||
| Fund balances | at 6April | 2020 | 5,802,903 | 5,802,903 | |||
| Fund balances | at | 5April 2021 | 7,409,212 | 7,409,212 |
| 2022 | 2021 | |||||||
|---|---|---|---|---|---|---|---|---|
| Notes | 5 | |||||||
| Fixed assets | ||||||||
| Investments | 7,801,015 | 7,666,219 | ||||||
| Current assets | ||||||||
| Debtors | 10 | 5,267 | 3,899 | |||||
| Cash at bank and | in | hand | 703 | 464 | ||||
| 5,970 | 4,363 | |||||||
| Creditors: | amounts | falling due within | ||||||
| one year | (223,558) | (177,370) | ||||||
| Net current | liabilities | (217,588) | (173,007) | |||||
| Total assets less | current liabilities | 7,583,427 | 7,493,212 | |||||
| Creditors: | amounts | falling due after | ||||||
| more than | one year | 12 | (252,000) | (84,000) | ||||
| ,Net assets | 7,331,427 | 7,409,212 | ||||||
| Capitalfunds | ||||||||
| Endowment | funds | - general | 7,331,427 | 7,409,212 | ||||
| income funds | ||||||||
| Unrestricted | funds | |||||||
| 7,331,427 | 7,409,212 |
| 3 | Investments | Investments | ||||
|---|---|---|---|---|---|---|
| Unrestricted | Unrestricted | |||||
| funds | funds | |||||
| 2022 | 2021 | |||||
| 8 | 8 | |||||
| Dividends | and | distributions | 133,863 | 108,726 | ||
| 4 | Raising funds | |||||
| Unrestricted | Unrestricted | |||||
| funds | funds | |||||
| 2022 | 2021 | |||||
| 6 | f | |||||
| Portfolio management | 49,232 | 44,165 | ||||
| 49,232 | 44,165 | |||||
| 5 | Charitable | activities | ||||
| Grants | Grants | |||||
| Awarded | Awarded | |||||
| 2022 | 2021 | |||||
| 8 | 6 | |||||
| Grant funding | of activities (see note 6) | 426,500 | 166,000 | |||
| Share of support costs (see note 7) | 25,672 | 24,940 | ||||
| Share ofgovernance | costs (see note 7) | 7,308 | 3,000 | |||
| 459,480 | 193,940 |
| Grants | Grants | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Awarded | Awarded | ||||||||||
| 2022 | 2021 | ||||||||||
| 8 | |||||||||||
| Grants awarded | to | institutions | in the | year: | |||||||
| Regional Refugee | Forum | North | East | 3,500 | 126,000 | ||||||
| IPPR North | 42,000 | ||||||||||
| Citizens Advice | 126,000 | 40,000 | |||||||||
| Third Sector Trends | 3,000 | ||||||||||
| VONNE | 126,000 | ||||||||||
| Newcastle University |
126,000 | ||||||||||
| 426,500 | 166,000 | ||||||||||
| Supportcosts | |||||||||||
| Support | Governance | 2022Support costs | Governance | 2021 | |||||||
| costs | costs | costs | |||||||||
| f | 6 | F | |||||||||
| Administration costs |
24,065 | 24,065 | 23,124 | 23,124 | |||||||
| Subscriptions | 618 | 618 | 802 | 802 | |||||||
| Trustees meetings | & | ||||||||||
| expenses | 93 | 93 | 75 | 75 | |||||||
| Website maintenance | & | ||||||||||
| sundries | 792 | 792 | 883 | 883 | |||||||
| Photocopying & |
postage | 9 | 9 | 56 | 56 | ||||||
| General expenses | 95 | 95 | |||||||||
| Audit fees | 3,000 | 3,000 | 3,000 | 3,000 | |||||||
| Legal and professional | 4,308 | 4,308 | |||||||||
| 25,672 | 7,308 | 32,980 | 24,940 | 3,000 | 27,940 | ||||||
| Analysed between |
|||||||||||
| Charitable activities |
25,672 | 7,308 | 32,980 | 24,940 | 3,000 | 27,940 |
| Listed | Cash in | Total | ||
|---|---|---|---|---|
| investments | portfolio | |||
| 8 | ||||
| Cost or valuation | ||||
| At 6April | 2021 | 7,481,538 | 184,681 | 7,666,219 |
| Additions | 923,408 | 923,408 | ||
| Valuation | changes | 287,064 | 287,064 | |
| Movement | in cash held | 69,234 | 69,234 | |
| Disposals | (1,144,910) | (1,144,910) | ||
| At 5April | 2022 | 7,547,100 | 253,915 | 7,801,015 |
| Carrying | amount | |||
| At 05April | 2022 | 7,547,100 | 253,915 | 7,801,015 |
| At 05April | 2021 | 7,481,538 | 184,681 | 7,666,219 |
| 10 | Debtors | |||||
|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||
| Amounts | falling | due within one year: | f | f | ||
| Prepayments | and | accrued income | 5,267 | 3,899 |
| Creditors: amounts f |
alling due within one year |
||
|---|---|---|---|
| 2022f | 2021 f |
||
| Trade creditors | 2,048 | 1,962 | |
| Other creditors | 206,000 | 161,000 | |
| Accruals and deferred |
income | 15,510 | 14,408 |
| 223,558 | 177,370 |
| 2022 | 2021 | |||||||
|---|---|---|---|---|---|---|---|---|
| f | f | |||||||
| Newcastle | University | 42,000 | ||||||
| Regional Refugee Forum | North East | 42,000 | 42,000 | |||||
| VONNE | 42,000 | 42,000 | ||||||
| IPPR North | 35,000 | 35,000 | ||||||
| Citizens Advice | 42,000 | |||||||
| Newcastle | University | 42,000 | ||||||
| Third Sector Trends | 3000 | |||||||
| 206,000 | 161,000 | |||||||
| The above | grants had been agreed | by the Trustees | but not paid at the year end. | |||||
| Creditors: | amounts | falling due after more than one year | ||||||
| 2022 | 2021 | |||||||
| F | f | |||||||
| Other creditors | 252,000 | 84,000 | ||||||
| Included in |
other creditors | are the following | grant commitments: | |||||
| 2022 | 2021 | |||||||
| f | f | |||||||
| Regional Refugee Forum | North East | 42,000 | 84,000 | |||||
| VONNE | 84,000 | |||||||
| Citizens Advice | 42,000 | |||||||
| Newcastle | University | 84,000 | ||||||
| 252,000 | 84,000 |
| 13 | Analysis ofnet assets between | Analysis ofnet assets between | Analysis ofnet assets between | funds | funds | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | Endowment | Total | Unrestricted | Endowment | Total | |||||||||
| funds | funds | funds | funds | |||||||||||
| 2022 f |
2022 f |
2022 f |
2021 f |
2021 f |
2021 f |
|||||||||
| Fund balances at 5 | ||||||||||||||
| April 2022 are | ||||||||||||||
| represented by: |
||||||||||||||
| Investments | 7,801,015 | 7,801,015 | 7,666,219 | 7,666,219 | ||||||||||
| Current assets/(liabilities) | (217,588) | (217,588) | (173,007) | (173,007) | ||||||||||
| Long term liabilities | (252,000) | (252,000) | (84,000) | (84,000) | ||||||||||
| 7,331,427 | 7,331,427 | 7,409,212 | 7,409,212 | |||||||||||
| 14 | Grant commitments | paid | ||||||||||||
| The following grant | commitments | have | been agreed and paidin | the year: | ||||||||||
| Regional Refugee | Forum | North | East | 3,500 | ||||||||||
| IPPR North | 42,000 | |||||||||||||
| Citizens Advice Newcastle | 42,000 | |||||||||||||
| First payment toward a 3year grant of |
f126,000 | |||||||||||||
| Payments have also been |
made | to the | following | organl sallons in respect ofgrant | commitments | |||||||||
| agreedin previous periods: |
||||||||||||||
| Newcastle University |
42,000 | |||||||||||||
| The final instalment | ofa grant commitment | made | in 2019-2020 | for f126,000 | ||||||||||
| Regional Refugee | Forum | North | East | 42,000 | ||||||||||
| The first instalment | ofa grant commitment | made | in 2020-2021 for F126,000 | |||||||||||
| Voluntary Organisations |
Network North |
East | (VONNE) | 42,000 | ||||||||||
| The final instalment | ofa grant commitment | made | in 2018-2019 | |||||||||||
| 15 | Related party transactions |