|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|
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|||||||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||
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|||||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)|
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|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|
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|||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|
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|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)|
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||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|
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|Debtors|||||
|---|---|---|---|---|
||||2023|2022|
|Amounts
due|within|one year:|||
|Trade debtors|||311|24,256|
|Prepayments|and accrued income||13,188|262|
||||13,499|24,518|
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|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|
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|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)|