DocuSign Envelope ID: 65D2D5A1-903A-4C54-9AC8-A7D90B1DE0B4
Charity number: 1165447
Sir Graham Wylie Foundation
Annual report
31 December 2022
DocuSign Envelope ID: 65D2D5A1-903A-4C54-9AC8-A7D90B1DE0B4
Sir Graham Wylie Foundation
Contents
| Page | |
|---|---|
| Reference and administrative details | 1 |
| Trustees' report | 2 - 7 |
| Trustees' responsibilities statement | 8 |
| Independent examiner's report | 9 |
| Statement of financial activities | 10 |
| Balance sheet | 11 |
| Notes to the financial statements | 12 - 23 |
DocuSign Envelope ID: 65D2D5A1-903A-4C54-9AC8-A7D90B1DE0B4
Sir Graham Wylie Foundation
Reference and administrative details Year ended 31 December 2022
Trustees
Sir Graham Wylie Andrea, Lady Wylie Rachael Garden
Charity registered number
1165447
Principal office
Nelson House Burdon Terrace Newcastle upon Tyne NE2 3AE
Accountants
UNW LLP Chartered Accountants Citygate St James' Boulevard Newcastle upon Tyne NE1 4JE
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DocuSign Envelope ID: 65D2D5A1-903A-4C54-9AC8-A7D90B1DE0B4
Sir Graham Wylie Foundation
Trustees' report Year ended 31 December 2022
The trustees present their annual report together with the financial statements of the charity for the year 1 January 2022 to 31 December 2022. The trustees confirm that the annual report and financial statements of the charity comply with the current statutory requirements, the requirements of the charity's governing document and the provisions of the Statement of Recommended Practice (SORP), applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).
Objectives and Activities
Policies and objectives
The principal objects of the charity are:
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To help, educate and inspire vulnerable and underprivileged children in the North East of England.
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To promote the education (including social and physical training) of young people in the North East of England by providing funds to enable educational institutions for staff, infrastructure or the purchase of equipment.
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To assist any charity in the North East of England whose aims include advancing education of young people generally by developing their mental, physical and moral capabilities through leisure time activities.
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To provide grants to organisations which assist young people, by enabling the provision of activities allowing young people to participate in healthy educational and recreational activities that they could not otherwise afford.
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To assist in the treatment and care of young persons in the North East of England suffering from mental or physical illness of any description or in need of rehabilitation as a result of such illness, by the provision of facilities for work and recreation.
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To promote and protect the physical and mental health of young people in the North East of England through the provision of financial assistance, support, education, research and practical advice. To promote and advance the education of the general public in all areas relating to physical and mental wellbeing.
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To further such other purposes which may be charitable according to the law of England and Wales as the trustees see fit from time to time.
In accordance with the Charities Act 2011, the trustees have referred to guidance contained in the Charity Commission's general guidance on public benefit when reviewing the aims and objectives of the charity and when planning the future activities.
Activities for achieving objectives
Quarterly trustees’ meetings are held to discuss grant applications and future funding requirements. Many fundraising events have been held since the charity was established with funds earmarked for certain projects in line with the charitable objects.
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Sir Graham Wylie Foundation
Trustees' report (continued) Year ended 31 December 2022
Achievements and performance
Review of activities
Music Therapy Centre
The Music Therapy Centre, which was opened on 21st March 2018 by local singer/songwriter and philanthropist Sting, continues to flourish and, through our continued partnership with Nordoff Robins, is delivering life transforming music therapy to children and young people in vulnerable and isolating circumstances in the region.
The centre remains open 6 days a week (Monday – Saturday). The Masters in Music Therapy (MMT) programme runs over 2 days leaving 4 days (Wednesday – Saturday) for Open Access music therapy delivery.
Over the 4 days of Open Access, the Centre delivers around 22 sessions with a mix of group and individual sessions, including a mother and toddler group for Asylum seekers staying in the local Jesmond Hotel. Other more recent referrals have come from the Youth Justice team, neuro rehabilitation services and Blind North East, but primarily most of our referrals come from word of mouth through families. Despite offering 12 session per client, the vast majority ask to be placed back on the waiting list because of the positive impact that the sessions have had.
Last summer, we ran one off workshops for WeCan (children with additional needs), Rainbow Trust (working with siblings of those who are terminally ill), a Ukrainian refugee group, and cancer patients from the Royal Victoria Infirmary. Going forward, we hope to run many more workshops reaching people who would otherwise not be able to access music therapy while raising awareness of our services. We are currently planning another family music day, inviting past and current clients to come and make music and be a part of the N&R community.
Most children who are referred in for music therapy have Autism, communication difficulties, severe anxiety, ADHD, learning delays, muscular dystrophy, cerebral palsy, visual impairments, heart defects and PTSD from childhood trauma.
Although word of mouth is the most effective source of referrals, we have had many more referrals from the following organisations/charities;
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Refugee charities
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NE sight matters – working with children who are visually impaired
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Rainbow Trust – working with children at end of life and their siblings
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Forward Assist – working with children whose parents have experienced sexual abuse in the army
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Social workers supporting adopted children and their families
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Occupational health
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Neuro rehabilitation services
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Drug and alcohol addiction services
Feedback received is that people cannot believe a service like this exists when they are so used to having to fight for services or equipment needed.
The centres’ current cohort of students have successfully completed the first year of their two-year Masters course. The centre not only continues to serve the community, but it is also creating jobs too.
The Foundation continues to cover all running costs and building maintenance of the Centre.
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Sir Graham Wylie Foundation
Trustees' report (continued) Year ended 31 December 2022
Rock 'n Raise
The Foundation continues to build our music fundraising concerts ‘Rock n Raise’ – Making Every Note Count. In June we held our 70s Glam Rock & Raise event hosted by Andy Crane (Radio and TV presenter) who introduced a night of “Studio 54 disco classics ”,with DJ Trevor Lazaro and an Abba Spectacular performed by Foundation supporter and successful rock singer Lorraine Crosby, as well as live music from Ryan Molloy (Jersey Boys). Our guests wore their best 70s outfits and boogied all night long at the Salt Market Social Venue in North Shields.
All the artists performed free of charge. It was a sold-out show, with great reviews and raised the profile of the Foundation to a new audience. £6,414 was raised on the night, £2,138 of this money was awarded to Teenage Cancer Trust – North East in 2023.
Great North Run
GNR 2022 was a sombre event which followed the death of Her Majesty the Queen, and therefore 50% of our runners chose not to run as a mark of respect and all course and hospitality activities were minimised on the day. Naked Deli sponsored our hospitality and Pulman paid for the running vests. £7,000 of sponsorship money was raised by our runners, and the National TV and Press Profile is priceless.
Michael Lavery
Michael Lavery, one of the Foundations ambassadors, continues to be an immense help and supporter to the Foundation.
We have drawn on Michael’s background as a musician and he acts as our Musical Director supporting musicians and bands at our 'Rock n Raise' events and personally covering costs of rehearsals and musician costs as a donation to the Foundation. Not only performing with the band at our events, he also performed a solo acoustic set in the famous Low Lights Tavern on North Shields Fish Quay raising £405 for the Foundation.
For the 2nd year running Michael’s business Brand and Reputation chose the Foundation as their charity of the year, increasing his ongoing fundraising total to £25,000, including gifts in kind.
In addition to the above, Foundation supporter and Avon Lady, Katie Joynson, asked her clients to fund a ‘Christmas’ bath package for children over the year and she presented us with 150 packages to distribute amongst children across our various projects which was a very welcome Christmas present for them.
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DocuSign Envelope ID: 65D2D5A1-903A-4C54-9AC8-A7D90B1DE0B4
Sir Graham Wylie Foundation
Trustees' report (continued) Year ended 31 December 2022
Grants made in 2022
Children’s Heart Unit Fund - CHUF Toddle was awarded a one-off grant of £10,000. The toddle returned after two virtual events held in 2021 and 2020. The Foundation was pleased to sponsor the event held in the beautiful grounds at Close House. 100% of our sponsorship went towards CHUF continuing to fund their amazing services for Heart Heroes such as regular visits from the Clown Doctors as well as support for their families staying in hospital with accommodation, food, and parking costs
The Children’s Heart unit at the Freeman Hospital in Newcastle treats over 4,000 patients each year from all over the UK. It is one of only two children’s heart transplant units in the UK and is the ONLY unit capable of providing all the services that might be necessary from diagnosis to heart transplantation. Sir Graham Wylie has been a long-term supporter of CHUF.
Ongoing commitments
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Ongoing commitments relating to the support of the NU Foundation as outlined below.
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- Ongoing running costs for Music Therapy Centre, renewed annually.
Other updates :
Newcastle United Foundation/NU Futures programme
The Foundation made a grant of £50,000 in 2020 to Newcastle United Foundation to fund a dedicated learning facility within the new building called “The Graham Wylie Foundation Room". Due to Covid-19 the building was delayed until 2022 with the NUCASTLE building opening on Tuesday 29 March 2022.
Newcastle United Foundation aims to play a prominent role in tackling youth unemployment, as it continues to bring together young people with employers, narrowing inequalities, and ensuring that young people have a stake in the region’s future.
Through the NU Futures programme, it aims to equip young people (aged 5-24) from disadvantaged communities with the skills and ambition to take up better quality, higher paying jobs in key growth sectors, including STEM sectors.
The Sir Graham Wylie Foundation Room will be an inspirational setting for children and young people to take part in practical learning activities linking physical activity to education and a healthy body to a healthy mind and an accessible base for extracurricular learning for children and young people in the heart of Newcastle.
West Denton Primary School – Life Skills Challenge Award
West Denton Primary School was awarded £45,000 in 2019 over 3 years to fund a salaried post of Teaching Assistant to deliver the Life Skills Challenge Award scheme. All the children from foundation to year 6 which totals 326 children will take part. As they progress through the WDPS Life Skills Challenge Award Scheme they will develop key skills and attributes which will be kept on bespoke record sheets and practices refined following feedback.
Sir Graham and CEO Angie Jenkison were invited to attend the annual WDPS Life Skill Challenge Award ceremony and were pleased to present 300 pupils with their LSCA Certificates.
The programme was doing so well with producing both visible and tangible success , the trustees extended the funding for one additional year which was recognised in 2021.
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DocuSign Envelope ID: 65D2D5A1-903A-4C54-9AC8-A7D90B1DE0B4
Sir Graham Wylie Foundation
Trustees' report (continued) Year ended 31 December 2022
NEH business loan
In 2022 we made a business loan of £100k to support the North East Homeless ('NEH') project within the Fish Quay Hub Building.
NEH was launched in 2014, obtaining Charity status in 2016, and they opened the Fish Quay Hub in 2019, becoming an integral part of the local community. The Hub café closed in October 2022, with the Founders and Chief Executive Officers stepping down in November and December 2022 The Fish Quay Hub closed its doors and charity ceased operations in December 2022. The loan amount provided remained outstanding at the time of NEH's closure (see note 10).
The Charity Commission confirmed that a compliance case had been launched following concerns raised about NEH governance. Leonard Curtis Business solutions were assisting with the closure and subsequent liquidation. We have reported this serious financial loss to the Charity Commission.
Financial performance
The financial statements for the charity for the period 1 January to 31 December 2022 show income of £152k raised from support of our trustees, the public and corporate partners. Key income streams comprising donations, income from fundraising events and gifts in kind.
It is the intention of the founders that all running costs of the charity, such as staff costs and rental of the office space, will be covered by personal donations or gifts in kind, thus allowing all funds raised to be applied directly to the charitable purposes of the Sir Graham Wylie Foundation.
The funds balance carried forward at 31 December 2022 shows a total of £490k.
Reserves policy
In line with Charity Commission guidelines the trustees monitor the level of reserves held to ensure they are being used to help achieve the objectives of the charity. At the end of the year the reserves stood at £490k, of which £355k are ‘free reserves’ (unrestricted reserves excluding designed funds and those tied up in fixed assets). With all running costs covered by the founder, these will allow the charity to make donations and contribute to projects in line with its objectives going forwards.
Going concern
The trustees have assessed the balance sheet and likely future cash flows at the date of approving these financial statements. The Foundation is supported by Sir Graham Wylie who will continue to cover the overhead costs. The trustees have confirmed that funding will be available for at least 12 months from the date of signing of these financial statements and the trustees will continue to support the Foundation during this period.
Plans for future periods
The Foundation will hold another in the series of ‘Rock n Raise’ event in 2023 once again at Wylam Brewery. This will be a ‘Jazz Rock n Raise’ featuring well known artists from the Jazz world, raising funds for the Foundation as well as Teenage Cancer Trust and Cash For Kids.
Our ‘Have a Heart’ celebrity golf event and gala dinner did not go ahead this year due to conflicting dates and will now be held on 18th September 2023, and will be attended by Celebrities from North East and other famous faces from across the UK entertainment industry raising substantial funds for the Foundation.
The Foundation will fund the 2023 CHUF toddle – the Foundation are big supporters of CHUF – Children's Heart Unit Fund. The Foundation will also be ‘Fund Matching’ CHUF’s 20th anniversary ball held in September 2023.
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Sir Graham Wylie Foundation
Trustees' report (continued) Year ended 31 December 2022
Structure, governance and management
Structure
The charity was established as a Charitable Incorporated Organisation on 5 February 2016 by declaration of a trust deed (registered charity number 1165447).
Trustees
The management of the charity is the responsibility of the trustees who are elected and co-opted under the terms of the trust deed. Induction is provided to new trustees if required.
Organisational structure and decision making
The trustees delegate day to day operations to the Chief Executive.
Pay policy for key management personnel
The salary and benefits of the Chief Executive are set by the board of trustees and reviewed annually.
Risk management
The trustees have assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the charity, and are satisfied that systems and procedures are in place to mitigate our exposure to major risks.
Approved by order of the members of the board of trustees on 27 September 2023 and signed on their behalf by:
Sir Graham Wylie
Trustee
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Sir Graham Wylie Foundation
Statement of trustees' responsibilities Year ended 31 December 2022
The trustees are responsible for preparing the trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England & Wales requires the trustees to prepare financial statements for each financial which give a true and fair view of the state of affairs of the charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles of the Charities SORP (FRS 102);
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make judgments and accounting estimates that are reasonable and prudent;
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state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the members of the board of trustees on 27 September 2023 and signed on its behalf by:
Sir Graham Wylie Trustee
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DocuSign Envelope ID: 65D2D5A1-903A-4C54-9AC8-A7D90B1DE0B4
Independent examiner's report Year ended 31 December 2022
Independent examiner's report to the trustees of Sir Graham Wylie Foundation ('the charity')
I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 December 2022.
Responsibilities and basis of report
As the trustees of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').
I report in respect of my examination of the charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
Your attention is drawn to the fact that the charity has prepared the accounts in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.
I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Signed: Dated: 27 September 2023
Anne Hallowell FCA DChA
UNW LLP Chartered Accountants Newcastle upon Tyne
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DocuSign Envelope ID: 65D2D5A1-903A-4C54-9AC8-A7D90B1DE0B4
Sir Graham Wylie Foundation
Statement of financial activities Year ended 31 December 2022
| Note Income from: Donations and legacies 3 Fundraising activities 4 Total income Expenditure on: Raising funds 5 Charitable activities 7 Total expenditure Net movement in funds Reconciliation of funds: Total funds brought forward Net movement in funds Total funds carried forward |
Unrestricted funds 2022 £ 141,114 10,498 151,612 83,073 225,920 308,993 (157,381) 647,436 (157,381) 490,055 |
Total funds 2022 £ 141,114 10,498 151,612 83,073 225,920 308,993 (157,381) 647,436 (157,381) 490,055 |
Total funds 2021 £ 265,879 13,208 279,087 132,073 219,063 351,136 (72,049) 719,485 (72,049) 647,436 |
|---|---|---|---|
The notes on pages 12 to 23 form part of these financial statements.
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DocuSign Envelope ID: 65D2D5A1-903A-4C54-9AC8-A7D90B1DE0B4
Sir Graham Wylie Foundation
Balance sheet At 31 December 2022
| Note Fixed assets Tangible assets 9 Social investments 9 Current assets Debtors 11 Cash at bank and in hand Creditors: amounts falling due within one year 12 Net current assets Total assets less current liabilities Total net assets Charity funds Unrestricted funds 13 Total funds |
133,801 360,633 494,434 (139,816) |
2022 £ 135,437 - 135,437 354,618 490,055 490,055 490,055 490,055 |
73,087 457,922 531,009 (44,196) |
2021 £ 160,623 - |
|---|---|---|---|---|
| 160,623 486,813 |
||||
| 647,436 | ||||
| 647,436 | ||||
| 647,436 | ||||
| 647,436 |
The financial statements were approved and authorised for issue by the trustees on 27 September 2023 and signed on their behalf by:
Sir Graham Wylie
Trustee
The notes on pages 12 to 23 form part of these financial statements.
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DocuSign Envelope ID: 65D2D5A1-903A-4C54-9AC8-A7D90B1DE0B4
Sir Graham Wylie Foundation
Notes to the financial statements Year ended 31 December 2022
1. General information
The charity was established as a Charitable Incorporated Organisation on 5 February 2016 by declaration of a trust deed and is registered in England and Wales. The members of the company are the trustees named on page 1. The address of the registered office is given in the reference and administrative details page of this report.
2. Accounting policies
2.1 Basis of preparation of financial statements
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published on 16 July 2014 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
The Foundation constitutes a public benefit entity as defined by FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
The financial statements are prepared in pounds sterling which is the functional currency of the charity and are rounded to the nearest £1.
2.2 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have been designated for other purposes.
Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.
2.3 Going concern
The trustees have assessed the balance sheet and likely future cash flows at the date of approving these financial statements. The Foundation is supported by Sir Graham Wylie who will continue to cover the overhead costs. The trustees have confirmed that funding will be available for at least 12 months from the date of signing these financial statements and the trustees will continue to support the Foundation during this period. Grants are only awarded subsequent to fundraising having taken place.
Given the current position, the trustees believe that any foreseeable debt can be met for at least a further 12 months and consequently have prepared the financial statements on a going concern basis.
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DocuSign Envelope ID: 65D2D5A1-903A-4C54-9AC8-A7D90B1DE0B4
Sir Graham Wylie Foundation
Notes to the financial statements Year ended 31 December 2022
2. Accounting policies (continued)
2.4 Income
All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
Gifts in kind are included in the statement of financial activities at a reasonable estimate of their value at the time they are utilised by the charity, with an equivalent amount recognised as charitable expenditure. No amounts are included in the financial statements for time costs in relation to volunteers.
Donated services or facilities are included in income at a valuation which is an estimate of the financial cost borne by the donor where such a cost is quantifiable and measurable. No income is recognised where there is no financial cost borne by a third party.
Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Grants are included in the statement of financial activities on a receivable basis.
2.5 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably.
Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled.
All expenditure is accounted for on an accruals basis and has been included under expense categories that aggregate all costs for allocation to activities. Where costs cannot be directly attributed to particular activities they have been allocated on a basis consistent with the use of resources.
Expenditure on raising funds includes all expenditure incurred by the charity to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the charity's objectives, as well as any associated support costs.
Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure.
All expenditure is inclusive of irrecoverable VAT.
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DocuSign Envelope ID: 65D2D5A1-903A-4C54-9AC8-A7D90B1DE0B4
Sir Graham Wylie Foundation
Notes to the financial statements Year ended 31 December 2022
2. Accounting policies (continued)
2.6 Tangible fixed assets and depreciation
All assets costing more than £500 are capitalised.
Tangible fixed assets are carried at cost, net of depreciation and any provision for impairment.
Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Music Therapy Centre
- 10 years straight line
2.7 Social investments
Social investments are initially recognised at their transaction cost and subsequently measured at fair value at the balance sheet date, unless the value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as ‘Gains/(Losses) on investments’ in the statement of financial activities.
2.8 Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
2.9 Cash at bank and in hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
2.10 Liabilities and provisions
Liabilities are recognised when there is an obligation at the balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
Grants awarded not paid are carried as liabilities until discharged.
2.11 Pensions
The charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the charity to the fund in respect of the year.
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DocuSign Envelope ID: 65D2D5A1-903A-4C54-9AC8-A7D90B1DE0B4
Sir Graham Wylie Foundation
Notes to the financial statements Year ended 31 December 2022
2. Accounting policies (continued)
2.12 Critical accounting estimates and areas of judgment
Estimates and judgments are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Gifts in kind are included in the statement of financial activities at a reasonable estimate of their value at the time they are utilised by the charity.
In preparing these financial statements the directors do not consider there were any other estimates or significant areas of judgment that were required in applying the company's accounting policies as set out above.
3. Income from donations and legacies
| Unrestricted funds 2022 £ Donations - Sir Graham Wylie 60,714 Other donations 46,667 Gifts in kind 33,500 Government grants and gift aid 233 141,114 |
Total funds 2022 £ 60,714 46,667 33,500 233 141,114 |
Total funds 2021 £ 71,338 43,539 97,300 53,702 |
|---|---|---|
| 265,879 |
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DocuSign Envelope ID: 65D2D5A1-903A-4C54-9AC8-A7D90B1DE0B4
Sir Graham Wylie Foundation
Notes to the financial statements Year ended 31 December 2022
4. Fundraising income
Income from fundraising events
| Unrestricted | Total | Total | |
|---|---|---|---|
| funds | funds | funds | |
| 2022 | 2022 | 2021 | |
| £ | £ | £ | |
| Other event income | 10,498 | 10,498 | 13,208 |
5. Expenditure on raising funds
| Unrestricted funds 2022 £ Fundraising activities 17,834 Gifts in kind 30,877 Wages and salaries 30,000 NI 3,702 Pension costs 660 83,073 |
Total funds 2022 £ 17,834 30,877 30,000 3,702 660 83,073 |
Total funds 2021 £ 15,665 82,215 30,000 3,531 662 |
|---|---|---|
| 132,073 |
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DocuSign Envelope ID: 65D2D5A1-903A-4C54-9AC8-A7D90B1DE0B4
Sir Graham Wylie Foundation
Notes to the financial statements Year ended 31 December 2022
6. Analysis of grants
| Grants to | Total | Total | |
|---|---|---|---|
| Institutions | funds | funds | |
| 2022 | 2022 | 2021 | |
| £ | £ | £ | |
| Grants awarded | 10,835 | 10,835 | 86,630 |
The charity has made the following material grants to institutions during the year:
| Name of institution Youth Ministry Trust (see note 13) North East Homeless Leam Rangers Teenage Cancer Trust CHUF Toddle |
2022 £ - 835 - - 10,000 10,835 |
2021 £ 48,630 22,000 2,000 4,000 10,000 |
|---|---|---|
| 86,630 |
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DocuSign Envelope ID: 65D2D5A1-903A-4C54-9AC8-A7D90B1DE0B4
Sir Graham Wylie Foundation
Notes to the financial statements Year ended 31 December 2022
7. Analysis of expenditure by activities
| Provision of charitable activities Total 2021 |
Activities undertaken directly 2022 £ 151,748 46,933 |
Grant funding of activities 2022 £ 10,835 86,630 |
Support costs 2022 £ 63,337 85,500 |
Total funds 2022 £ 225,920 219,063 |
Total funds 2021 £ 219,063 |
|---|---|---|---|---|---|
Analysis of direct costs
| Music Therapy Centre Depreciation Impairment of social investments (note 10) |
Total funds 2022 £ 26,562 25,186 100,000 151,748 |
Total funds 2021 £ 21,759 25,174 - |
|---|---|---|
| 46,933 |
Analysis of support costs
| Wages and salaries Legal and professional fees Administration costs Gift in kind - rent and service charges |
Total funds 2022 £ 50,558 5,254 4,902 2,623 63,337 |
Total funds 2021 £ 50,307 6,370 13,738 15,085 |
|---|---|---|
| 85,500 |
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DocuSign Envelope ID: 65D2D5A1-903A-4C54-9AC8-A7D90B1DE0B4
Sir Graham Wylie Foundation
Notes to the financial statements Year ended 31 December 2022
8. Staff costs
Staff costs were as follows:
| Wages and salaries Social security costs Other pension costs |
2022 £ 75,000 8,337 1,583 84,920 |
2021 £ 75,000 7,913 1,587 |
|---|---|---|
| 84,500 |
The average number of persons employed by the charity during the year was as follows:
| 2022 | 2021 |
|---|---|
| No. | No. |
| 2 | 2 |
The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was:
| 2022 | 2021 | ||
|---|---|---|---|
| No. | No. | ||
| In the band £60,000 | - £70,000 | 1 | 1 |
No trustees received any remuneration of reimbursement of expenses in the period.
Key management personnel are deemed to be those having authority and responsibility for planning, directing and the activities of the charity. In the year and prior year the key management personnel comprised the Chief Executive. The total employee benefits of the key management personnel of the charity in the year were £68,725 (2021: £68,387).
19
DocuSign Envelope ID: 65D2D5A1-903A-4C54-9AC8-A7D90B1DE0B4
Sir Graham Wylie Foundation
Notes to the financial statements Year ended 31 December 2022
9. Tangible fixed assets
| Cost At 1 January 2022 At 31 December 2022 Depreciation At 1 January 2022 Charge for the year At 31 December 2022 Net book value At 31 December 2022 At 31 December 2021 |
Music Therapy Centre £ 251,860 |
|---|---|
| 251,860 | |
| 91,237 25,186 |
|
| 116,423 | |
| 135,437 | |
| 160,623 |
10. Social investments
A programme related investment was recognised in the year at a total cost of £100,000 (2021: £nil). Subsequent to the investment being made, the charity who received the funding from the Foundation has announced its closure and therefore the investment has been impaired in full. The impairment cost has been recognised within expenditure on charitable activities.
11. Debtors
| Prepayments and accrued income | 2022 £ 133,801 133,801 |
2021 £ 73,087 73,087 |
|---|---|---|
20
DocuSign Envelope ID: 65D2D5A1-903A-4C54-9AC8-A7D90B1DE0B4
Sir Graham Wylie Foundation
Notes to the financial statements Year ended 31 December 2022
12. Creditors: amounts falling due within one year
| Other taxation and social security Other creditors Accruals and deferred income |
2022 £ 1,056 6,000 132,760 139,816 |
2021 £ 1,056 39,398 3,742 |
|---|---|---|
| 44,196 |
Deferred income relates to event income received in the year, relating to an event postponed to post year end.
21
DocuSign Envelope ID: 65D2D5A1-903A-4C54-9AC8-A7D90B1DE0B4
Sir Graham Wylie Foundation
Notes to the financial statements Year ended 31 December 2022
13. Statement of funds
Statement of funds - current year
| Unrestricted funds General funds Statement of funds - prior year Balance at 1 January 2021 £ Unrestricted funds Designated funds Youth Ministry Trust 52,530 Designated funds |
Balance at 1 January 2022 £ 647,436 Income £ - |
Income £ 151,612 Expenditure £ (55,630) |
Expenditure £ (308,993) Transfers in/out £ 3,100 |
Balance at 31 December 2022 £ 490,055 |
|---|---|---|---|---|
| Balance at 31 December 2021 £ - |
||||
| Unrestricted funds Designated funds Youth Ministry Trust Designated funds |
||||
The designated fund for the Youth Ministry Trust relates to funds held by the charity on behalf of the Trust. These were fully repaid to the Trust during the prior year.
General funds
| General funds | |||||
|---|---|---|---|---|---|
| General funds Total Unrestricted funds |
666,955 719,485 |
279,087 279,087 |
(295,506) (351,136) |
(3,100) - |
647,436 |
| 647,436 |
22
DocuSign Envelope ID: 65D2D5A1-903A-4C54-9AC8-A7D90B1DE0B4
Sir Graham Wylie Foundation
Notes to the financial statements Year ended 31 December 2022
14. Pension commitments
The charity operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the charity in an independently administered fund. The pension cost charge represents contributions payable by the charity to the fund and amounted to £1,583 (2021: £1,587). Contributions totaling £nil (2021: £nil) were payable to the fund at the balance sheet date and are included in creditors.
15. Related party transactions
Sir Graham Wylie is a trustee and a director of Technology Services Group Limited. During the period payments of £1,097 (2021: £2,714) were made to Technology Services Group Limited in respect of IT services.
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