| NEWCASTLE COMMUNITY ASSET TRUST | NEWCASTLE COMMUNITY ASSET TRUST |
|---|---|
| Contents | Page |
| For the year ended | 31 March 2023 |
| Report ofthe Trustees | 1 to8 | ||
|---|---|---|---|
| Independent Examiner's |
Report | to the Trustees | |
| Statement of Financial |
Activities | 10 | |
| Statement of Financial |
Position | ||
| Notes to the Financial Statements | 12to 19 | ||
| Detailed Statement of Financial |
Activities | 20 |
| NEWCASTLE COMMUNITY | NEWCASTLE COMMUNITY | ASSET TRUST | ||||||
|---|---|---|---|---|---|---|---|---|
| Report ofthe Trustees | Continued | |||||||
| For the year ended 31 | March 2023 | |||||||
| REFERENCE | AND ADMINISTRATIVE | INFORMATION | ||||||
| Name of | Charity | NEWCASTLE COMMUNITY ASSETTRUST | ||||||
| Charity registration | number | 1159644 | ||||||
| Company | registration | number | 08454215 | |||||
| Principal | address | Blakelaw Neighbourhood | Centre | |||||
| Binswood Avenue | ||||||||
| Newcastle Upon Tyne |
||||||||
| NE5 3PN | ||||||||
| Trustees | ||||||||
| The trustees | and officers serving | during | the year and | since the year end were as | follows: | |||
| Tracey Welsh | ||||||||
| Stuart Dodzo | ||||||||
| Stephen Barry - Stanners |
||||||||
| Lisa Johnson | ||||||||
| (Appointed: 08 November |
2022) | |||||||
| Independent | examiners | Beach Accountants Limited |
||||||
| Chartered Certified Accountants |
||||||||
| 10Blue Sky Way | ||||||||
| Monkton Business Park South |
||||||||
| South Tyneside | ||||||||
| NE31 2EQ | ||||||||
| Solicitors | Muckle LLP | |||||||
| 32 Gallowgate | ||||||||
| Newcastle upon Tyne |
||||||||
| NE1 4BF |
| Notes | unrestricted | Restricted | 2023 | 2022 | ||||
|---|---|---|---|---|---|---|---|---|
| funds | funds | |||||||
| 6 | f | |||||||
| Income and | endowments | from: | ||||||
| Donations | and legacies | 159,360 | 29,000 | 188,360 | 103,857 | |||
| Other trading activiles |
155,749 | 155,749 | 164,697 | |||||
| Total | 315,109 | 29,000 | 344,109 | 268,554 | ||||
| Expenditure | on: | |||||||
| Raising funds | (242,020) | (40,442) | (282,462) | (280,662) | ||||
| Total | (242,020) | (40,442) | (282,462) | (280,662) | ||||
| Net income/expenditure | 73,089 | (11,442) | 61,647 | (12,108) | ||||
| Reconciliation offunds |
||||||||
| Total funds | brought | forward | (149,048) | 11,442 | (137,606) | (125,498) | ||
| Total funds | carried forward | (75,959) | (75,959) | (137,606) |
| icome fro | m donations and legacies |
|||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | 2023 | "2022 | |||
| funds | funds | V | ||||
| f | f | |||||
| Donations | received | 2,183 | ..2,183 | 1,573 | ||
| Grants received | 67,261 | 29,000 | 96,261 | 102,284. | ||
| Donated | goods and services | 89,916 | 89,916 | |||
| 159r360 | '29;000 | ' | 186,360 | 103,857 |
| 2023 | 2022 | ||
|---|---|---|---|
| Unrestricted | funds | ||
| Post office | remuneration | 14,185 | 12,888 |
| Retail sales | 4,799 | 2,840 | |
| Rental income | 136,765 | 148,969 | |
| 155,749 | 164,697 |
| 5. | htet income/(expenditure) | for the year |
|---|---|---|
| This is stated after charging/(crediting): | ||
| Depreciation ofowned |
fixed assets | |
| Accountancy fees |
||
| 6. | Staff costs and emoluments | |
| Total staff costs for the | year ended 31 March 2023 were: | |
| Salaries and wages | ||
| Social security costs | ||
| Pension costs |
| 2023 | 2022 |
|---|---|
| 19,790 | 24,646 |
| 122,110 | 122,680 |
| 13,940 | 25,688 |
| 80 | |
| 2,160 | 2,360 |
| 1,747 | 1,320 |
| 159,747 | 176,774 |
| 2023 | 2022 |
|---|---|
| 1,510 | 1,139 |
| 1,747 | 1,320 |
| 2023 | 2022 |
| 6 | 6 |
| 113,087 | 92,403 |
| 4,288 | 7,117 |
| 1,017 | 563 |
| 118,392 | 100,083 |
| 2023 | 2022 |
| omparative for the |
Stateme | nt of Financial Activities |
|||
|---|---|---|---|---|---|
| Unrestricted | Restricted | 2022 | |||
| funds | funds | ||||
| E | E | ||||
| Income and endowments | from: | ||||
| Donations and legacies |
85,463 | 18,394 | 103,857 | ||
| Other trading activites |
164,697 | 164,697 | |||
| Total | 250,160 | 18,394 | 268,554 | ||
| Expenditure on: |
|||||
| Raising funds | (277,184) | (2,158) | (279,342) | ||
| Total | (277,184) | (2,158) | (279,342) | ||
| Transfers between |
funds | 4,794 | (4,794) | ||
| Net movement in funds |
(22,230) | 11,442 | (10,788) | ||
| Reconciliation offunds |
|||||
| Total funds brought | forward | (125,498) | (125,498) | ||
| Total funds carried | forward | (147,728) | 11,442 | (136,286) |
| Plant and | Computer | ||
|---|---|---|---|
| Cost or valuation | tylachlnery | Equipment | Total |
| E | |||
| At 01 April 2022 | 21,828 | 4,766 | 26,594 |
| At 31 March 2023 | 21,828 | 4,766 | 26,594 |
| Depreciation | |||
| At 01 April 2022 | 834 | 4,371 | 5,205 |
| Charge for year | 1,240 | 270 | 1,510 |
| At 31 March 2023 | 2,074 | 4,641 | 6,715 |
| Net book values | |||
| At 31 March 2023 | 19,754 | 125 | 19,879 |
| At 31 March 2022 | 20,994 | 395 | 21,389 |
| 10.Stocks and work in progress | |||
| 2023 | 2022 | ||
| Stocks of raw materials | 3,301 | 3,697 | |
| 3,301 | 3,697 |
| Debtors | ||||
|---|---|---|---|---|
| 2023 | 2022 | |||
| Amounts due |
within | one year: | ||
| Trade debtors | 311 | 24,256 | ||
| Prepayments | and accrued income | 13,188 | 262 | |
| 13,499 | 24,518 |
| Creditors: amounts falling due |
after more than | one year | |||
|---|---|---|---|---|---|
| 2023 | 2022 | ||||
| Loans and overdrafts | 34,109 | 96,770 | |||
| Trade creditors | 33,055 | ||||
| 67,164 | 96,770 | ||||
| The following liabilities disclosed |
under creditors | falling due after more than one year are secured | by the charity: | ||
| Bank loans and overdrafts | 34,109 | 38,970 | |||
| 34,109 | 38,970 |
| Unrestricted | Funds | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Balance at | Incoming | Out9oing | Transfers | Balance at | |||||
| 01/04/2022 | resources | resources | 31/03/2023 | ||||||
| 8 | 8 | ||||||||
| General | |||||||||
| General | (149,048) | 315,109 | (242,020) | (75,959) | |||||
| (149,048) | 315,109 | (242,020) | (75,959) | ||||||
| Unrestricted | Funds - Previous | year | |||||||
| Balance at | Incoming | Outgoing | Transfers | Balance at | |||||
| 01/04/2021 | resources | resources | 31/03/2022 | ||||||
| 8 | E | ||||||||
| General | |||||||||
| General | (125,498) | 250,160 | (278,504) | 4,794 | (149,048) | ||||
| (125,498) | 250,180 | (278,504) | 4,794 | (149,048) | |||||
| Purpose of unrestricted | Funds | ||||||||
| General | |||||||||
| The 'free | reserves' of the charity | ||||||||
| Restricted | Funds | ||||||||
| Balance at | Incoming | Outgoing | Transfers | Balance at | |||||
| 01/04/2022 | resources | resources | 31/03/2023 | ||||||
| Big Lottery | Community | 9,342 | 29,000 | (38,342) | |||||
| Development | |||||||||
| Your Homes | Newcastle | 2,100 | (2,100) | ||||||
| 11,442 | 29,000 | (40,442) | |||||||
| Restricted | Funds - Previous year | ||||||||
| Balance at | Incoming | OU19oin9 | Transfers | Balance at | |||||
| 01/04/2021 | resources | resources | 31/03/2022 | ||||||
| Big Lottery | Community | 16,294 | (2,158) | (4,794) | 9,342 | ||||
| Development | |||||||||
| Your Homes | Newcastle | 2,100 | 2,100 | ||||||
| 18,394 | (2,158) | (4,794) | 11,442 |
| NEWCASTLE COMMUNITY ASSET TRUST | NEWCASTLE COMMUNITY ASSET TRUST | NEWCASTLE COMMUNITY ASSET TRUST | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Notes to the Financial | Statements | Continued | ||||||||||
| For the year ended 31 March | 2023 | |||||||||||
| Purpose of | restricted | funds | ||||||||||
| Big Lottery Community | Development | |||||||||||
| Community | Development | Coordinator | salary | |||||||||
| Your Homes Newcastle | ||||||||||||
| Set up of NCAT counselling | services | |||||||||||
| 15.Analysis of |
net assets | between | funds | |||||||||
| Tangible fixed | Net current | Creditors. s | Net Assets | |||||||||
| assets | assets I | one year | ||||||||||
| (liabilities) | ||||||||||||
| Unrestricted | funds | |||||||||||
| General | ||||||||||||
| General | 19,879 | ' | (28,674) ' | (67,164) | ",(75,959) | |||||||
| Restricted funds | ||||||||||||
| 19,879 | (28,674) | (67,164) | (75,959) | |||||||||
| Previous year | ||||||||||||
| Tangible fixed | Net current | Creditors s | Net Assets | |||||||||
| assets | assets I | one year | ||||||||||
| (liabilities) | ||||||||||||
| 8 | ||||||||||||
| Unrestricted | funds | |||||||||||
| General | ||||||||||||
| General | 21,389 | (73,667) | (96,770) | (149,048) | ||||||||
| Restricted funds | ||||||||||||
| Big Lottery Community | 9,342 | 9,342 | ||||||||||
| Development | ||||||||||||
| Your Homes | Newcastle | 2,100 | 2,100 | |||||||||
| 21,389 | (62,225) | (96,770) | (137,606) |
| 2023 | 2022 | ||
|---|---|---|---|
| INCOME AND ENDOWMENT | |||
| Donations and legacies |
|||
| Donations | 2,183 | 1,573 | |
| Grants receivable | 96,261 | 102,284 | |
| Donated goods and services | 89,916 | ||
| 188,360 | 103,857 | ||
| Other trading activities |
|||
| Post office remuneration | 14,185 | 12,888 | |
| Income from Retail sales | 4,799 | 2,840 | |
| Income from Rental income | 136,785 | 148,969 | |
| 155,749 | 164,697 | ||
| Total incoming resources |
344,109 | 268,554 | |
| EXPENDITURE | |||
| Raising donations and |
legacies | ||
| Donations | (1,510) | (1,139) | |
| Project expenses | (121,205) | (102,749) | |
| (122,715) | (103,888) | ||
| SUPPORT COSTS | |||
| Supplies and services |
|||
| Supplies and services | (19,790) | (24,646) | |
| (19,790) | (24,646) | ||
| Office costs | |||
| Office costs | (122,110) | (122,680) | |
| (122,110) | (122,680) | ||
| Professional fees |
|||
| Professional fees |
(13,940) | (25,688) | |
| (13,940) | (25,688) | ||
| Volunteer expenses |
|||
| , ,Volunteer expenses |
(80) | ||
| (80) | |||
| Staff travel, meetings | and events | ||
| Staff travel, meetings | and events | (2,160) | (2,360) |
| (2,160) | (2,360) | ||
| Governance costs | |||
| Governance costs |
(1,747) | (1,320) | |
| (1,747) | (1,320) | ||
| Total resources expended | (282,462) | (280,662) | |
| Net Income | 61,647 | (12,108) |