2023-03-31-accounts

						~ ~
						Derwentside Trust provide community services to the		local	area of
						Consett and its	surrounding areas of Derwent Valley	and into Dipton		in
						Stanley and Bumopfield. 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
Summary ofthe objects charity set out in its governing document					ofthe	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 ofservice. We are also active with fun			and food
						activities at term	times supporting children in the local	area	as well as
						those individuals	who receive free school meals. The	service is
						continuin to row and su ort the communit .
						As per the Charities Commission website information		for Derwentside
						TAJst.
Summary	ofthe 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)

Summary ofthe main achievements ofthe charity during the year	Summary ofthe main achievements ofthe charity during the year	Derwentside Trust continues to make progress in 2022/2023, developing our community kitchen and adding further services to help the local community. We are continuing with work that we did during the pandemic especially supporting the local community with food delivery,
		prescription collection and delivery service, mental health packs, and
		help for families in the local community especially around term times with
		fun and food activities. We have also successfully completed an
		employment readiness course where we accredited 112people with level
		2 qualifications and CV support to help them into employment. We
		envisage this happening into 2024 as it is a service that is being
		requested by the local community and has been highly successful.
		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. We are actively working with Durham County
		Council Fun and Food activities and secure funding to delivery these
		programmes at school holidays throughout the year with great success.
		This is something that is growing within the local area.
		Having the long-term lease, will now afford Derwentside Trust to apply for
		grants and funding which will support the further development ofthe
		building and improve it for more public use.
		We also had our Glenroyd Grotto which was a major success once again
		and something that we will be developing over the coming years as this
		was greatly appreciated and very welcome by the local community.
		Whilst this has been another challenging year, it has also been a very
		worthwhile year supporting people and growing the services that we offer
		as a local charity. We continue to grow and develop especially with our
		goal to have our community kitchen fully developed, this is a milestone
		that has been incredibly difficult due to unforeseen circumstances and
		delayed us in getting this offthe ground, however we believe that we will
		achieve this and firmly believe it will be a great benefit to our local
		community.
		We would like to take this opportunity to thank all ofthe people, families,
		businesses, Durham County Council and the Derwent Valley Area Action
		Partnership and local Councillors. Sir Tom Cowie Trust, Karbon homes,
		local shops and supermarkets for their support this past year which has
		been greatly appreciated to help us to help our community.

			Any surplus is re-invested back into Derwentside Trust to support and
Brief statement ofthe			grow the charity and support the local community as well as maintenance
charity's policy on reserves			ofthe building. The reinvestment also improves activities as well as
			improve the building and services that we offer as a charity in the local
			area.
Details ofany funds in deficit		materially	No funds in deficit
Further financial review details			(Optional information)
You may choose to include additional information, where relevant about: ~ the charity's principal sources offunds (including			Derwentside Trust is a local charity that is funded mainly by the services that we offer in terms of room hire to members ofthe public, accommodation services for other charities and CICs 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 that supports our local
	any fundraising);		community, and we are very much planning on developing this
~	how expenditure	has	considerably.
	supported the key objectives ofthe charity.		We are growing Glenroyd House and providing more and more community benefits and reinvesting any surplus back into the charity.	Our
~	investment policy	and	business plan is growing, and we aim to have the one stop shop principle
	objectives including any		for the Consett area that will develop into a major community building	for
	ethical investment	policy	all to utilise and use as well as a place for community meetings and get
	adopted.		togethers.
			Derwentside Trust reinvests its surplus back into Glenroyd House for	the
			effective running and maintenance ofthe building and services that it
			offers.
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			~ ~ ~ ~ ~ ~

		31/03/2023		31/03/2022
		f		6
Fixed Assets			36,502		17,548
Current Assets		20,589		31,519
Creditors
Amounts falling due within	one year	(18,698)		(10,695)
NET CURRENT (LIABILITIES/ ASSETS)			~1891		~20824
TOTAL ASSETS LESSCURRENT
LIABILITIES			38,394		38,372
Creditors
Amounts falling due after more than
one year			12,600		14,988
CAPITAL AND RESERVES			25,794		3L38

		for th	e Year Ende	d 31March 2	023
			31/03/2023		31/03/2022
			E		E
Income Rents Received				107,258 9,812		102,761 7,120
Turnover				0		988
Expenditure
Direct Wages			49,718		36,016
Course Fees					3,472
Purchases			12,257		7,480
Accountancy			1,260
Bank Interest			525		45
Car/Van Leases			8,352		8,901
Consultancy Fees					17,172
Donations					225
Entertainment					4,414
Cleaning					545
Insurance			2,665		1,858
Light and Heat			9,414		11,227
Misc. Admin					90
Motor Expenses					162
Other Operating	Leases				16
Outsourcing					1,193
Pension Contributions			1,036		383
Post and Stationery			2,124		1,009
Rates and Water			2,727		189
Repairs to Property			768		921
Social Security			4,032		2,628
Staff Expenses					225
Subscriptions					1,194
Sundry Expenses			6,312		3,282
Telephone and Internet			5,405		4,489
Arnortisation of intangible		fixed assets	1,500
Depreciation of Fixtures &		Fittings	2,149		1,613
Depreciation of Plant & Machinery			4,416		1,101
Total Expenditure	Costs			~114660		~109849
SURPLUS / (DEFICITf				2410		3=1

	for the Year	Ended 31March 2023
		31/03/2023	31/03/2022
		E	E
Fixed Assets
Good Will			1,500
Fixtures and Fittings		10,622	9,440
Plant and Machinery		25,881	6,609
		36,503	17,549
Current Assets
Trade Debtors		17,445	17,445
Inventory		778	277
Bank Account		2,366	13,797
		20,589	31,519
Creditors
Amounts falling due within one year
Trade Creditors			(119)
Pension Liability		(176)	(126)
Other Creditors		(2,823)
Social Security and other Tax		(9,699)	(4,451)
Accruals and Deferred	Income
Directors Current Account		(6,000)	(6,000)
		(18,698)	(10,695)
NET CURRENT ASSETS		1,891	20,824
Creditors
Amounts falling due after more than one year
Other Loans		(2,600)	(2,500)
Bank Loans 2-5 Years		(10,000)	(12,488)
		(12,600)	(14,988)
NET ASSETS		25,794	23,384
RESERVES
Income and Expenditure	Account	5. 9	23,384