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|||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|
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|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|||||
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|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|
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||||||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|
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||||||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|
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|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|
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|||||||||||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|
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|||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|
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|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|
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|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||||||||||||||
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