| Page | ||
|---|---|---|
| Trustees' report |
||
| Independent auditor's |
report | 7-9 |
| Statement of financial |
activist&es | 10 —11 |
| Balance sheet | 12 | |
| Notes to the financial | statements | 13-19 |
| Trustees | Ms L Seebohm | |||||||
|---|---|---|---|---|---|---|---|---|
| Mr J Walker | ||||||||
| Dr YGale | ||||||||
| Mr M Roche | (Appointed | 19June 2023) | ||||||
| (vis EL Richardson | (Appointed | 19June 2023) | ||||||
| Ms RM Lewis | (Appointed | 19June 2023) | ||||||
| Administrate | r/Trust | Manag er | Ms C Warnock | |||||
| Charity | number | 1155914 | ||||||
| Principal | address | 7 Lesbury Road | ||||||
| Newcastle upon |
Tyne | |||||||
| Tyne and Wear | ||||||||
| NES 5LB | ||||||||
| Auditor | Robson La idler |
Accountants | Limited | |||||
| Fernwood House |
||||||||
| Fernwood Road |
||||||||
| Jesmond | ||||||||
| Newcastle upon |
Tyne | |||||||
| Tyne and Wear | ||||||||
| England | ||||||||
| NE2 1TJ | ||||||||
| Bankers | The Unity Trust | Bank | ||||||
| Nine Bnndley Bank | ||||||||
| Birmingham | ||||||||
| B12HB | ||||||||
| Solicitors | Ward Hadaway | LLP | ||||||
| Sandgate House |
||||||||
| 102Quayside | ||||||||
| hlewcastle upon |
Tyne | |||||||
| NE1 3DX | ||||||||
| investment | advisors | Rathbone Gree |
nba nk investment | |||||
| 10Queen Square | ||||||||
| Bristol | ||||||||
| BS14NT |
| Current financ | ial | year | ||||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Endowment | 1'otal | Total | |||||
| funds | funds | |||||||
| 2023 | 2023 | 2023 | 2022 | |||||
| Notes | f | f | f | |||||
| IftggfgfLImm; Donations and |
legacies | 10.000 | ||||||
| investments | 158,276 | t56,276 | 133.883 | |||||
| Total income | 156,276 | 156,276 | 143,8U3 | |||||
| Raising funds | 4 | 40,083 | 40,063 | 49,232 | ||||
| Chantable activities |
6 | 240 515 | 240,5'l5 | 459,480 | ||||
| 1'ota I expenditure | 280,578 | 280,578 | 505,712 | |||||
| Net gainer(tosses) | on investments | (75S,946) | (758,946) | 2S7,064 | ||||
| Net outgoing | resources | before transfers | (124302) | (75S,946) | (BS3,24S) | (77785l | ||
| Gross transfers | between | funds | 124,302 | (124,302) | ||||
| Net movement | in | funds | (853,248) | (883,248) | (77,755) | |||
| Fund balances | at 8Apnl | 2022 | 7,331,427 | 7,331,427 | 7.409,212 | |||
| Fund balances | at | 6April 2023 | U,448, 179 | 6.448,179 | 7.331,427 |
| Prior f inane is I | year | year | |||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Endowment | Total | |||||
| funds | funds | ||||||
| 2022 | 2022 | 2022 | |||||
| Notes | E | 6 | |||||
| Iggg mfa. Donations and |
legacies | 10,000 | 10000 | ||||
| Investments | 133,863 | 133.863 | |||||
| Total Income | 143,863 | 143,863 | |||||
| hmatttU gtft32IU |
|||||||
| Raising funds | 49.232 | 49,232 | |||||
| Dhantable ectivrbes |
459,480 | 459,480 | |||||
| Total expenditure | 508,712 | 5i)8,712 | |||||
| Net gains/(losses) | on investments | 287,064 | 287,064 | ||||
| Net outgoing resources | before transfers | (364,849) | 287,064 | (77,785) | |||
| Gross transfers | between | funds | 364,849 | (364.849) | |||
| Net movement | in | funds | (77,785) | (77,785) | |||
| Fund balances | at 6Ariril | 2021 | 7,409,212 | 7,409212 | |||
| Fund balances | at | 5April 2022 | 7.331,427 | 7,331.427 |
| 2923 | 2022 | ||||||
|---|---|---|---|---|---|---|---|
| Notes | 8 | ||||||
| Fixed assets | |||||||
| Inve st me nts | 6.BB3,844 | 7,801,015 | |||||
| Current assets | |||||||
| Debtors | 18 | 5,879 | 5,267 | ||||
| Cash at bank and | in | hand | B22 | 703 | |||
| 6,501 | 5.970 | ||||||
| Creditors: amounts | falling due within | ||||||
| one year | (276.166) | (223.558) | |||||
| Net current liabilities |
(269,665) | (217,588) | |||||
| Total assets less | current liabilities | 6,594,179 | 7.583,427 | ||||
| Creditors: amounts | falling due after | ||||||
| more than one year | 12 | (t46,000) | (252,000) | ||||
| Net assets | 6,448,179 | 7,331,427 | |||||
| Capital funds | |||||||
| Endowment funds |
—general | 6,448,179 | 7,331,427 | ||||
| Income funds | |||||||
| Unrestricted funds |
|||||||
| 6,448,179 | 7,331,427 |
| Unrestricted | Unrestricted | |||||
|---|---|---|---|---|---|---|
| funds | funds | |||||
| 2823 | 2022 | |||||
| 8 | ||||||
| Dividends | and | distributions | 158,276 | 133,863 | ||
| 4 | Raising funds | |||||
| Unrestricted | Unrestricted | |||||
| funds | funds | |||||
| 2823 | 2022 | |||||
| 8 | ||||||
| Porffolio management | 40,063 | 49,232 | ||||
| 40,063 | 49,232 | |||||
| 5 | Charttabte | activities | ||||
| Grants | Grants | |||||
| Awarded | Awarded | |||||
| 2023 | 2922 | |||||
| f. | ||||||
| Grant funding | of activities (see note 6) | 206,000 | 426.500 | |||
| Share af support costs (see nate 7) | 27,580 | 25,672 | ||||
| Share ofgovernance | costs (see note 7) | 6,935 | 7,308 | |||
| 240,515 | 459,480 |
| Grants | Grants | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Awarded | Awarded | |||||||||
| 2023 | 2022 | |||||||||
| Grants awarded to | institutions | in the year | ||||||||
| Regional | Refugee | Forum | North | East | 3,500 | |||||
| IPPR hlorth | 126 OOIO | 42,000 | ||||||||
| Citizens Advice | 126,000 | |||||||||
| Durham | University | 3,000 | ||||||||
| VONNE | 126,000 | |||||||||
| Newcastle University |
126,000 | |||||||||
| National | Energy Action | 40,000 | ||||||||
| Citizen's | UK | 40,000 | ||||||||
| 206,000 | 426,500 | |||||||||
| Support | costs | |||||||||
| Support | Governance | 2023$upport | costs | Governance | 2022 | |||||
| costs | costs | costs | ||||||||
| 8 | 6 | |||||||||
| Administration costs |
24,150 | 24,150 | 24,065 | 24,065 | ||||||
| Bubscriptions | 815 | 615 | 618 | Bte | ||||||
| Trustees | meetings | & | ||||||||
| expenses | 571 | 571 | 93 | 93 | ||||||
| Website | mainienance | & | ||||||||
| sundries | 792 | 792 | ||||||||
| Phatocopying 8 postage |
959 | 959 | 9 | 9 | ||||||
| General expenses | 1,085 | 1,085 | 95 | 95 | ||||||
| Audit fees | 3,095 | 3,095 | 3,000 | 3,000 | ||||||
| Legal and professional | 3,840 | 3,840 | 4,308 | 4,308 | ||||||
| 27,580 | 8,935 | 34,515 | 25,672 | 7,308 | 32,980 | |||||
| Analysed | between | |||||||||
| Charitable | activities | 27,580 | 6,935 | 34,515 | 25,672 | 7,308 | 32,980 |
| Fixed ass | et investments | |||
|---|---|---|---|---|
| Listed | Cash in | Total | ||
| investments | porffofio | |||
| Cost or valuation | ||||
| At 6 April | 2022 | 7,547,100 | 253,915 | 7,801,015 |
| Additions | 1,334,271 | 1,334,271 | ||
| Valuation | changes | (758,946) | f758,946) | |
| Movement | in cash held | (99,534) | (99,534) | |
| Disposal s | (1,412,9B1) | (1,412,961) | ||
| At 5April | 2023 | 6,709,464 | 154,381 | 6,863,845 |
| Carrying | amount | |||
| At 05 Apnl | 2023 | 6,709,464 | I54,381 | B,863.845 |
| At 05 April | 2022 | 7,547,100 | 253,915 | 7,801,015 |
| 2023 | 2022 | ||
|---|---|---|---|
| 6 | 6 | ||
| Trade creditors | 2,046 | 2,048 | |
| Other creditors | 280,952 | 208,000 | |
| Accruals and deferred | income | 13,166 | 15,510 |
| 276,165 | 223,558 |
| Included | in other creditors | are the followin | g grant commitm |
ents: | |
|---|---|---|---|---|---|
| 2023 | 2022 | ||||
| 6 | 8 | ||||
| Newcastle | University | 42,000 | 42 000 | ||
| Regional | Refugee Forum | North East | 42,000 | 42,000 | |
| VONNE | 42,000 | 42,000 | |||
| IPPR North | 52,952 | 35,000 | |||
| Citizens | Advice | 42,000 | 42,000 | ||
| Durham | university | 3.000 | |||
| National | Energy Action | 20,000 | |||
| Citizen's | UK | 20,000 | |||
| Total | 260,952 | 206,0DD |
| Credi | tors: amounts falling due after more than |
one year | |
|---|---|---|---|
| 2023 | 2022 | ||
| 6 | 6 | ||
| Other | creditors | 146,000 | 252,000 |
| 2023 | 2022 | ||
|---|---|---|---|
| Regional | Refugee Forum North East | 42,DQQ | |
| VONNE | 42,000 | 84.000 | |
| Citizens Advice | 42,000 | ||
| Newcastle | Ursversity | 42,000 | 84,000 |
| IPPR hid rth | 42,000 | ||
| National | Energy Action | 10,000 | |
| Citizen's | UK | 10,000 | |
| Total | 146,0DD | 262,000 |
| 13 | Analysis of net assets between | Analysis of net assets between | Analysis of net assets between | Analysis of net assets between | Analysis of net assets between | funds | funds | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | Endowment | Total Unrestricted | Endowment | Tote I | |||||||||||
| funds | funds | funds | funds | ||||||||||||
| 2023 | 2023 | 2023 | 2022 | 2022 | 2022 | ||||||||||
| 6 | E | E | E | E | |||||||||||
| Fund balances et 5 | |||||||||||||||
| Apnl 2023are | |||||||||||||||
| represented by |
|||||||||||||||
| in vs atm ants | 6,S63,844 | 6,863,844 | 7,801,015 | 7,801,015 | |||||||||||
| Current assetsl(liabilities) | (26'9.665) | (269,665) | (217586) | (217,588) | |||||||||||
| Long term liabilities | (146,000) | (146,000) | (252.000) | (252,000) | |||||||||||
| 6,44S,179 | 6,448,\79 | 7,331,427 | 7,331,427 | ||||||||||||
| 14 | Grant commitments | paid | |||||||||||||
| The to/reiving grant |
comrnitnients | have been | pard in the year | ||||||||||||
| Regional Refugee | Forum | North | East | ||||||||||||
| The second instalment | of | a | grant | commitment | made in 2020-2021 for F126,000 |
42,000 | |||||||||
| Newcastle University |
|||||||||||||||
| The first instalment | of | a grant commitment | made | in 2021-2022 | for 5126,000 | 42 000 | |||||||||
| Voluntary Organisations |
Network | North East | (VONNEI | ||||||||||||
| The first instalment | of | a grant oommitment | made | in 2021-2022 | for 2126000 | 42,000 | |||||||||
| IPPR North | |||||||||||||||
| The first instalment | of | a grant commitment | made | in 2022-2023 | for 9126,000 | 42,000 | |||||||||
| Citizens Advice Newcastle | |||||||||||||||
| Tha second instalment | of | a | grant | commitment | made in 2020-2021 for 9126,000 |
42,000 | |||||||||
| Citizens UK |
|||||||||||||||
| The first instalment | of | a grant commitment | made | in 2022-2023 | forf40,000 | 10,000 | |||||||||
| National Energy Action The first instalment ofa grant commitment |
made | in 2022-2023 | forf40,000 | 10,000 | |||||||||||
| Durham University |
|||||||||||||||
| One off grant commitment | made | in | 2021-2022 for 93,000 | 3.000 | |||||||||||
| Voluntary Organisations |
Network | North East | (VONNE) | ||||||||||||
| PLP grant forVCEE policy | forum | 7,648 | |||||||||||||
| IPPR North | |||||||||||||||
| PLP grant forVCSE policy | forum | 3,300 | |||||||||||||
| IPPR North | |||||||||||||||
| PLP grant for child | poverty | work | 8,100 | ||||||||||||
| Newcastle University |
|||||||||||||||
| PLP grant for child | poverty | work. | 5,000 |