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2021-03-31-accounts

Unaudited Financial Statements for the Year Ended 31 March 2021

for

Derwentside Trust

Derwentside Trust

Contents of the Financial Statements for the Year Ended 31 March 2021

Page
Income Statement 1
Balance Sheet 2
Detailed Income and Expenditure Account 4
Detailed Balance Sheet 5

Derwentside Trust

Income Statement for the Year Ended 31 March 2021

TURNOVER
Other income
Depreciation and other amounts written off assets
Other charges
Taxation
(DEFICIT)/SURPLUS		 31.3.21
£
99,843
30,909
(2,758)
(128,945)
-
(951)		 31.3.20
£
66,720
-
(3,012)
(62,098)
-
1,610

Page 1

Derwentside Trust (Registered number: 09227225)

Balance Sheet 31 March 2021

FIXED ASSETS
CURRENT ASSETS
CREDITORS
Amounts falling due within one year
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
RESERVES		 31.3.21
£
35,636
(28,118)		 £
15,835
7,518
23,353
23,353		 31.3.20
£
27,320
(13,898)		 £
10,882
13,422
24,304
24,304

NOTES TO THE FINANCIAL STATEMENTS

1. STATUTORY INFORMATION

Derwentside Trust is a private company, limited by guarantee, registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

09227225

Registered office:

Glenroyd House Medomsley Road Consett Co. Durham DH8 5HL

2. AVERAGE NUMBER OF EMPLOYEES

The average number of employees during the year was NIL (2020 - NIL).

Page 2

continued...

Derwentside Trust (Registered number: 09227225)

Balance Sheet - continued 31 March 2021

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

The financial statements have been prepared in accordance with the micro-entity provisions.

The financial statements were approved by the Board of Directors and authorised for issue on 31 January 2022 and were signed on its behalf by:

M S Clelland - Director

Page 3

Derwentside Trust

Detailed Income and Expenditure Account for the Year Ended 31 March 2021

Sales
Other income
Rents received
Expenditure
Rates and water
Insurance
Light and heat
Telephone
Post and stationery
Advertising
Travelling
Motor expenses
Repairs and renewals
Household and cleaning
Computer costs
Sundry expenses
Accountancy
Consultancy services
Subscriptions
Amortisation of intangible fixed assets
Depreciation of tangible fixed assets
NET (DEFICIT)/SURPLUS		 31.3.21
£
7,386
1,997
10,278
3,230
2,412
600
-
5,130
31,354
5,644
2,246
21,701
720
35,794
453
500
2,258		 £
99,843
30,909
130,752
131,703
(951)		 31.3.20
£
-
1,016
10,850
1,765
2,329
-
671
-
4,476
-
4,649
13,084
600
21,000
1,658
500
2,512		 £
66,720
-
66,720
65,110
1,610

This page does not form part of the statutory financial statements

Page 4

Derwentside Trust

Detailed Balance Sheet for the Year Ended 31 March 2021

31.3.21 31.3.20
£ £
FIXED ASSETS
Goodwill 1,500 2,000
Plant and machinery 7,710 -
Fixtures and fittings 6,625 8,882
15,835 10,882
CURRENT ASSETS
Trade debtors 17,445 17,445
Bank account no. 1 18,191 9,875
35,636 27,320
CREDITORS
Amounts falling due within one year
Trade creditors (834) (834)
Accruals and deferred income (1,784) (1,064)
Bank loans (15,000) -
Directors' current accounts (10,500) (12,000)
(28,118) (13,898)
NET CURRENT ASSETS 7,518 13,422
TOTAL ASSETS LESS CURRENT
LIABILITIES 23,353 24,304
NET ASSETS 23,353 24,304
RESERVES
Income and expenditure account 23,353 24,304

Trustees' Annual Re ort for the eriod p p

Period start date Period start date Period end date
Day Month Year Day Month Year
From 1 Apr 2020 To 31 Mar 2021

Section A Reference and administration details

Charity name Derwentside Trust

Other names charity is known by N/A Registered charity number (if any) 1160715

Charity's principal address Glenroyd House Medomsley Road Consett, County Durham Postcode DH8 5HL

Names of the charity trustees who manage the charity

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20		 Trustee name Office (if any) Dates acted if not for whole
year		 Name of person (or body) entitled
to appoint trustee(if any)
Mark Clelland Chairperson Whole Year Trustees
Barry Joyce Treasurer Whole Year Trustees
Jacqueline Rennoldson Member Whole Year Trustees
Allison Longworth Member Whole Year Trustees
RoyHetherington Member Whole Year Trustees

Names of the trustees for the charity, if any, (for example, any custodian trustees)

Name Dates acted if not for whole year

None None

Names and addresses of advisers (Optional information)

Type of adviser

Name Address

Name of chief executive or names of senior staff members (Optional information)

Mark Clelland and Barry Joyce

Section B Structure, governance and management

Description of the charity’s trusts

Type of governing document

Constitution

How the charity is constituted

Trustee selection methods

Trust, Registered Charity and Registered under Companies House – Company Number 09227225

Elected by Trustees

Additional governance issues (Optional information)

You may choose to include additional information, where relevant, about:

Derwentside Trust reviews it policies and procedures annually and has these confirmed at the AGM held in April/May of each year. The charity has five trustees, two of which are directors of the limited company which is registered with companies’ house, registration number 09227225.

The trust works closely with Durham County Council who offer advice, guidance and support as well as monitor compliance in relation to health and safety as well as ensuring the building is fit for public use.

The major challenge for 2021/2022 is to develop and build a community kitchen and improving the security access to the building. This was a plan for the last year ending March 2021 however was severely hampered by COVID-19. We have developed the charities branding and introduced our community pantry has grown considerably in this year in support of food provision in the local community, especially with COVID 19 and supporting the local community with food parcels. We are also utilising the website more, social media and community awareness. We have a public use defibrillator that can be accessed from outside the building 24 hours per day. 365 days per year and will be registered with the North East Ambulance Service. We did achieve our goal of obtaining a community minibus and this is now being used more effectively following relaxation of COVID rules. As a result of our full maintenance and repair lease, we are able to further develop Derwentside Trust and grow our charity for the benefit of our community. We are continuing to develop our community fridge and freezer which we have now named the community pantry as well as a clothes bank to support people in the community that need to use this service. We are also planning during the next financial year, a more robust funding mechanism that will help us to grow considerably as a charity.

It is not deemed by the trustees that there are any major risks within the charity, at present the charity is self-sufficient with the services that it offers. We are continuing to run as Derwentside Trust, however have plans to change this to Glenroyd House in the coming financial year, however this may flow into the next year given COVID restrictions and funding opportunities for the charity. We have a 30-year lease on the premises, this gives us much more scope to provide further services and we plan to develop this further in the coming financial year.

Section C Objectives and activities

Summary of the objects of the charity set out in its governing document

Derwentside Trust provide community services to the local area of Consett and its surrounding areas. The Trust provided room hire and accommodation for local groups to run training and development courses, as well as community groups for socialising. The trust supports people through training and development into employment via job search facilities and signposting for training courses, the building houses essential many services such as well-being activities, drug and alcohol services as well as many other professional services for support. We also have a community pantry and cloths bank to support our local community who need this level of service.

As per the Charities Commission website information for Derwentside Trust.

Summary of the main activities undertaken for the public benefit in relation to these objects (include within this section the statutory declaration that trustees have had regard to the guidance issued by the Charity Commission on public benefit)

Additional details of objectives and activities (Optional information)

The Trust discusses with its Trustees, any amendments or changes as well as future planning at its AGM and meetings throughout the year.

You may choose to include further statements, where relevant, about:

Section D Achievements and performance

Section D Achievements and erformance p

Summary of the main achievements of the charity during the year

Derwentside Trust has made some considerable progress in 2020/2021 especially with the Pandemic and supporting the local community with food delivery, prescription collection and delivery service, mental health packs, children support and support for key workers, scrubs made for the NHS, patient packs made and a considerable contribution to the local community to help and support vulnerable people and those in need of support with signposting, calls to people who are isolating and lonely, delivery of newspapers and magazines, a DVD and book loan service and patient packs for children and adults in hospital. We also developed considerably the holiday hunger for the local community with activities and healthy food for children and families with games, information sheets and developmental games and activities all designed to support education during a time of need. We also had for the first year our Glenroyd Grotto which was a major success and something that we will be developing over the coming years as this was greatly appreciated and very welcome by the local community.

We have also improved the marketing and awareness of Glenroyd House with a new website planned, social media awareness heightened and a planned brand change. We aim to put Glenroyd House on the map and grow the charity further. Having the long-term lease, will now afford Derwentside Trust to apply for grants and funding which will support the further development of the building and improve it for more public use. We have now achieved the goal of obtaining our mini-bus and this is available for the community to use. We have improved the overall security of the building with a controlled access point introduced and have plans for a community kitchen to provide a further service to the local community such as community meals, supporting holiday poverty and a communal café. This is our main goal for the year ending April 2022, this being the case, it may run into the following financial year due to COVID restrictions and fundraising, however we are very hopeful that in the next charity report we will be reporting the success of the new kitchen. Overall this has been an incredibly challenging year, however it has also been a very rewarding year given that we have achieved so much in terms of supporting the people in our local community and helping them during this time of need with COVID and also our NHS and local services for the excellent work they do to support our people of which we thank all of them. We would like to take this opportunity to thank all of the people, families, businesses, Durham County Council and the Derwent Valley Area Action Partnership and local Councillors for their support this past year which has been greatly appreciated to help us to help our community.

Section E Financial review

Brief statement of the charity’s policy on reserves

Derwentside Trust reinvests any surplus it has back into the running and maintenance of Glenroyd House and also to support its day to day activities as well as improve the building and services that we offer as a charity in the local area.

Details of any funds materially in deficit

No funds in deficit

Further financial review details (Optional information)

You may choose to include additional information, where relevant about:

Derwentside Trust is a local charity that is funded mainly by the services that we offer in terms of room hire to members of the public, accommodation services for other charities such as food 4 u, sexual health clinics, counselling services and support for groups and individuals with learning difficulties and disabilities as well as drug and alcohol services and community learning. We also have our own community pantry and clothes bank now that supports our local community and we are very much planning on developing this considerably.

We are growing Glenroyd House and providing more and more community benefits and reinvesting any surplus back into the charity. Our business plan is growing and we aim to have the one stop shop principle for the Consett area that will develop into a major community building for all to utilise and use as well as a place for community meetings and get togethers.

Derwentside Trust reinvests its surplus back into Glenroyd House for the effective running and maintenance of the building and services that it offers.

Section F Other optional information

N/A

Section G Declaration

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s) Full name(s) Mark Clelland Position (eg Secretary, Chair, etc) Chairperson

Date 31/01/2022