##
|||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||