**Company Registration Number: 07871055 Charity Registration Number: 1172652** 

## **Teesdale Community Resources Financial Statements** 

## **For the Year Ending 31 March 2021** 

## **JANE ASCROFT ACCOUNTANCY LIMITED** 

Chartered Accountants Enterprise House Harmire Enterprise Park Barnard Castle County Durham DL12 8XP 



## **Teesdale Community Resources** 

## **Financial Statements** 

**Year Ended 31 March 2021** 

||**Page**|
|---|---|
|Trustees' Annual Report (Incorporating the Director's Report)|**1**|
|Independent Examiner's Report to the Trustees|**4**|
|Statement of Financial Activities (Including Income and Expenditure Account)|**5**|
|Statement of Financial Position|**6**|
|Notes to the Financial Statements|**7**|
|**The Following Pages Do Not Form Part of the Financial Statements**||
|Detailed Statement of Financial Activities|**19**|





## **Teesdale Community Resources** 

## **Trustees' Annual Report (Incorporating the Director's Report)** 

## **Year Ended 31 March 2021** 

The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 March 2021. 

## **Objectives and Activities** 

The objects of the charity are to promote any charitable purpose for the benefit of the community of Teesdale, by associating together volunteers, in particular aged between 14 and 25, and organisations in a common effort to advance education, protect health, relieve poverty and sickness. 

The TCR Hub is open Monday to Saturday. The opening times are as follows: Monday to Wednesday 9:00am until 9:00pm Thursday 9:00am until 7:30pm Friday 9:00am until 6:00pm Saturday 9:00am until 4:00pm 

These times vary if the centre has a private booking in. 

The centre provides regular activities for a range of groups every week. Please see the attached timetable for these details. The charity also run one off events and activities themselves and on behalf of other organisations and individuals. 

## **Achievements and Performance** 

TBC 

## **Financial Review** 

Income for the year was £336,074 (2020 - £232,587) and expenditure was £235,902 (2020 - £263,141) giving an overall surplus of £100,172 (2020 - deficit of £30,554).  This comprises a surplus of £23,701 on restricted funds and a surplus of £76,471 on unrestricted funds. 

The trustees wish to hold reserves of between 3 and 6 months running costs which currently equates to between £60,000 and £120,000.  At 31st March 2021 reserves totalled £99,224 which is made up of unrestricted funds including fixed assets. 

**1** 



## **Teesdale Community Resources** 

## **Trustees' Annual Report (Incorporating the Director's Report)** _**(continued)**_ 

## **Year Ended 31 March 2021** 

## **Structure, Governance and Management** 

Teesdale Community Resources is a registered charity and limited company. On 1st May 2017 the activities, assets and liabilities were transferred to the charity from the unincorporated charity of the same name.  The charity runs a purpose built community and youth facility called the TCR Hub. The centre was opened to the public in 2010. 

The charity is governed by a management committee who meet monthly and is chaired by one of the trustees. The management committee currently has 7 members with expertise ranging from finance to property to enterprise and charity and community work. There are currently 7 vacancies on the management committee. 

The charitable company will be seeking new trustees at the Annual General Meeting. 

The CEO line manages all staff and also a number of contracted staff who issue the charity with invoices for their work on a monthly basis. TCR are currently working regularly with contracted music teachers who work a variety of hours term time only. 

TCR is currently split into 6 business units for accounting purposes - Music, Outdoor Activities, Room Hire, Accommodation, Community Transport and the Café. 

## **Public Benefit** 

Our main activities and who we help are described elsewhere in this report. All our charitable activities are undertaken to further our charitable purposes for the public benefit. The Committee have had regard to the Charity Commission's guidance on public benefit throughout the year when deciding on the activities of the charity. 

**2** 



## **Teesdale Community Resources** 

**Trustees' Annual Report (Incorporating the Director's Report)** _**(continued)**_ 

## **Year Ended 31 March 2021** 

|**Reference and Administrative**|**Details**||
|---|---|---|
|**Registered charity name**|Teesdale Community Resources||
|**Charity registration number**|1172652||
|**Company registration number**|07871055||
|**Principal office and registered**|The Hub, Ing Lane||
|**office**|Shaw Bank||
||Staindrop Road||
||Barnard Castle||
||DL12 8TA||
|**The Trustees**|||
||David Smith||
||Christopher Arundel||
||Susan Smith||
||Diane Tallentire||
||Helen Hunter||
||Gordon Cooney||
||Fiona Dry||
||Andrew Jefferies|(Appointed 1 December 2020)|
|**Independent Examiner**|Jane Ascroft FCA MA (Cantab)||
||Enterprise House||
||Harmire Enterprise Park||
||Barnard Castle||
||County Durham||
||DL12 8XP||



## **Small Company Provisions** 

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption. 

The trustees' annual report was approved on .............................. and signed on behalf of the board of trustees by: 

David Smith Trustee 

**3** 



## **Teesdale Community Resources** 

## **Independent Examiner's Report to the Trustees of Teesdale Community Resources** 

## **Year Ended 31 March 2021** 

I report to the trustees on my examination of the financial statements of Teesdale Community Resources ('the charity') for the year ended 31 March 2021. 

## **Responsibilities and Basis of Report** 

As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act’). 

Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. 

## **Independent Examiner's Statement** 

Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales (ICAEW), which is one of the listed bodies. 

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: 

1. accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or 

2. the financial statements do not accord with those records; or 

3. the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act 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; or 

4. the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). 

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. 

Jane Ascroft FCA MA (Cantab) Independent Examiner 

Enterprise House Harmire Enterprise Park Barnard Castle County Durham DL12 8XP 

**4** 



## **Teesdale Community Resources** 

## **Statement of Financial Activities (including income and expenditure account)** 

## **Year Ended 31 March 2021** 

||||**2021**||2020|
|---|---|---|---|---|---|
|||Unrestricted|Restricted|||
|||funds|funds|**Total funds**|Total funds|
||**Note**|**£**|**£**|**£**|£|
|**Income and endowments**||||||
|Donations and legacies|**5**|24,549|179,350|203,899|44,368|
|Charitable activities|**6**|45,933|–|45,933|177,974|
|Other income|**7**|86,242|–|86,242|10,245|
|||`─────────`|`─────────`|`─────────`|`─────────`|
|**Total income**||156,724|179,350|336,074|232,587|
|||`═════════`|`═════════`|`═════════`|`═════════`|
|**Expenditure**||||||
|Expenditure on charitable activities|**8,9**|80,253|155,649|235,902|263,141|
|||`─────────`|`─────────`|`─────────`|`─────────`|
|**Total expenditure**||80,253|155,649|235,902|263,141|
|||`═════════`|`═════════`|`═════════`|`═════════`|
|||`─────────`|`─────────`|`─────────`|`─────────`|
|**Net income/(expenditure) and net**||||||
|**movement in funds**||76,471|23,701|100,172|(30,554)|
|||`═════════`|`═════════`|`═════════`|`═════════`|
|**Reconciliation of funds**||||||
|Total funds brought forward||5,062,713|23,055|5,085,768|5,116,322|
|||`────────────`|`─────────`|`────────────`|`────────────`|
|**Total funds carried forward**||5,139,184|46,756|5,185,940|5,085,768|
|||`════════════`|`═════════`|`════════════`|`════════════`|



The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. 

**The notes on pages 7 to 17 form part of these financial statements.** 

**5** 



## **Teesdale Community Resources** 

## **Statement of Financial Position** 

## **31 March 2021** 

|||**2021**|2020|
|---|---|---|---|
||**Note**|**£**|£|
|**Fixed Assets**||||
|Tangible fixed assets|**14**|5,056,559|5,062,092|
|**Current Assets**||||
|Debtors|**15**|8,674|31,433|
|Cash at bank and in hand||196,024|26,345|
|||`─────────`|`────────`|
|||204,698|57,778|
|**Creditors: amounts falling due within one year**|**16**|25,317|34,102|
|||`─────────`|`────────`|
|**Net Current Assets**||179,381|23,676|
|||`────────────`|`────────────`|
|**Total Assets Less Current Liabilities**||5,235,940|5,085,768|
|**Creditors: amounts falling due after more than one year**|**17**|50,000|–|
|||`────────────`|`────────────`|
|**Net Assets**||5,185,940|5,085,768|
|||`════════════`|`════════════`|
|**Funds of the Charity**||||
|Restricted funds||46,756|23,055|
|Unrestricted funds||5,139,184|5,062,713|
|||`────────────`|`────────────`|
|**Total charity funds**|**19**|5,185,940<br>`════════════`|5,085,768<br>`════════════`|



For the year ending 31 March 2021 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. 

Directors' responsibilities: 

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476; 

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements. 

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime. 

These financial statements were approved by the board of trustees and authorised for issue on ........................, and are signed on behalf of the board by: 

David Smith Trustee 

**The notes on pages 7 to 17 form part of these financial statements.** 

**6** 



## **Teesdale Community Resources** 

## **Notes to the Financial Statements** 

## **Year Ended 31 March 2021** 

## **1. General Information** 

The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is The Hub, Ing Lane, Shaw Bank, Staindrop Road, Barnard Castle, DL12 8TA. 

## **2. Statement of Compliance** 

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Companies Act 2006. 

## **3. Accounting Policies** 

## **Basis of Preparation** 

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure. 

The financial statements are prepared in sterling, which is the functional currency of the entity. 

## **Going Concern** 

There are no material uncertainties about the charity’s ability to continue. 

## **Judgements and Key Sources of Estimation Uncertainty** 

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.  The trustees consider that there are no significant estimates or judgements affecting these financial statements. 

## **Fund Accounting** 

Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. 

Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment. 

Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds. 

## **Income** 

All income is included in the statement of financial activities when entitlement has passed to the charity, it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income: 

**7** 



## **Teesdale Community Resources** 

## **Notes to the Financial Statements** _**(continued)**_ 

## **Year Ended 31 March 2021** 

## **3. Accounting Policies** _**(continued)**_ 

## **Income** _**(continued)**_ 

- income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. 

- legacy income is recognised when receipt is probable and entitlement is established. 

- income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. 

- income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted. 

## **Expenditure** 

Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates: 

- expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods. 

- expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities. 

- other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities. 

All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis. 

## **Tangible Assets** 

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. 

## **Depreciation** 

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows: 

Project Equipment - 25% reducing balance Office Equipment - 25% reducing balance Motor Vehicles - 25% reducing balance 

**8** 



## **Teesdale Community Resources** 

## **Notes to the Financial Statements** _**(continued)**_ 

## **Year Ended 31 March 2021** 

## **3. Accounting Policies** _**(continued)**_ 

## **Depreciation** _**(continued)**_ 

No depreciation is provided on freehold property as the property is maintained to such a standard that any depreciation would be immaterial. 

## **Impairment of Fixed Assets** 

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. 

## **Financial Instruments** 

The charity only has financial assets and liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value. 

## **Defined Contribution Plans** 

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. 

When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises. 

## **Debtors** 

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. 

Accrued income and tax recoverable is included at the best estimate of the amounts receivable at the balance sheet date. 

## **Cash at Bank and in Hand** 

Cash at bank and cash 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. 

**9** 



## **Teesdale Community Resources** 

## **Notes to the Financial Statements** _**(continued)**_ 

## **Year Ended 31 March 2021** 

## **3. Accounting Policies** _**(continued)**_ 

## **Creditors** 

Creditors are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are normally recognised at their settlement amount after allowing for any trade discounts due. 

## **Taxation** 

The company is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the company is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes. 

## **4. Limited by Guarantee** 

The company is limited by guarantee. At 31 March 2019 there were 7 members each of whom had undertaken to contribute an amount not exceeding £1 in the event of a winding up. 

## **5. Donations and Legacies** 

||Unrestricted|Restricted|**Total Funds**|
|---|---|---|---|
||Funds|Funds|**2021**|
||£|£|**£**|
|**Donations**||||
|General donations|15,879|–|15,879|
|Donations - Teesdale Care Packages|–|11,996|11,996|
|**Grants**||||
|Mein Trust|5,000|–|5,000|
|County Durham Community Foundation|3,670|11,680|15,350|
|Hadrian Trust|–|2,000|2,000|
|Pioneering Care Partnership|–|3,900|3,900|
|National Lottery Fund - But First Pause|–|63,368|63,368|
|National Lottery Fund - Family|–|47,343|47,343|
|UK Youth|–|1,250|1,250|
|Durham County Council|–|4,009|4,009|
|Duke of Edinburgh Award|–|–|–|
|Power to Change|–|23,300|23,300|
|Care packages|–|8,675|8,675|
|TAP Food Provision|–|829|829|
|High Sheriff Award (The Greenhouse)|–|1,000|1,000|
||`────────`|`─────────`|`─────────`|
||24,549|179,350|203,899|
||`════════`|`═════════`|`═════════`|



**10** 



## **Teesdale Community Resources** 

## **Notes to the Financial Statements** _**(continued)**_ 

## **Year Ended 31 March 2021** 

## **5. Donations and Legacies** _**(continued)**_ 

||Unrestricted|Restricted|Total Funds|
|---|---|---|---|
||Funds|Funds|2020|
||£|£|£|
|**Donations**||||
|General donations|3,805|–|3,805|
|**Grants**||||
|Sir James Knott Foundation|–|4,800|4,800|
|1989 Willan Charitable Trust|–|5,000|5,000|
|Teesdale Action Partnership|–|23,849|23,849|
|UK Youth|–|4,140|4,140|
|Durham County Council|–|1,984|1,984|
||`───────`|`────────`|`────────`|
||3,805|40,563|44,368|
||`═══════`|`════════`|`════════`|



## **6. Charitable Activities** 

||Unrestricted|**Total Funds**|Unrestricted|Total Funds|
|---|---|---|---|---|
||Funds|**2021**|Funds|2020|
||£|**£**|£|£|
|Event income|815|815|10,729|10,729|
|Outdoor Activities|15,101|15,101|21,309|21,309|
|Kitchen/Cafe|–|–|32,616|32,616|
|Room & Facility Hire|25,492|25,492|56,812|56,812|
|Music Studio|200|200|23,950|23,950|
|Community Transport|398|398|10,637|10,637|
|Accommodation|3,357|3,357|18,059|18,059|
|Income from other activities|570|570|3,862|3,862|
||`────────`|`────────`|`─────────`|`─────────`|
||45,933|45,933|177,974|177,974|
||`════════`|`════════`|`═════════`|`═════════`|



**11** 



## **Teesdale Community Resources** 

## **Notes to the Financial Statements** _**(continued)**_ 

## **Year Ended 31 March 2021** 

## **7. Other Income** 

|||Unrestricted|**Total Funds**|Unrestricted|Total Funds|
|---|---|---|---|---|---|
|||Funds|**2021**|Funds|2020|
|||£|**£**|£|£|
||Renewable Heat Initiative|7,598|7,598|10,245|10,245|
||DCC Covid Support|56,425|56,425|–|–|
||HMRC Job Retention Scheme|22,219|22,219|–|–|
|||`────────`|`────────`|`────────`|`────────`|
|||86,242|86,242|10,245|10,245|
|||`════════`|`════════`|`════════`|`════════`|
|**8.**|**Expenditure on Charitable Activities by Fund Type**|||||
||||Unrestricted|Restricted|**Total Funds**|
||||Funds|Funds|**2021**|
||||£|£|**£**|
||Costs of Charitable Activities||80,253|155,649|235,902|
||||`════════`|`═════════`|`═════════`|
||||Unrestricted|Restricted|Total Funds|
||||Funds|Funds|2020|
||||£|£|£|
||Costs of Charitable Activities||212,589|50,552|263,141|
||||`═════════`|`════════`|`═════════`|
|**9.**|**Expenditure on Charitable Activities by Activity Type**|||||
||||Activities|||
||||undertaken|**Total funds**|Total fund|
||||directly|**2021**|2020|
||||£|**£**|£|
||Costs of Charitable Activities||235,902|235,902|263,141|
||||`═════════`|`═════════`|`═════════`|
|**10.**|**Net Income/(Expenditure)**|||||
||Net income/(expenditure) is stated after|charging/(crediting):||||
|||||**2021**|2020|
|||||**£**|£|
||Depreciation of tangible fixed assets|||5,533|7,378|
|||||`═══════`|`═══════`|
|**11.**|**Independent Examination Fees**|||||
|||||**2021**|2020|
|||||**£**|£|
||Fees payable to the independent examiner for:|||||
||Independent examination of the financial statements|||750|800|
||Other financial services|||802|869|
|||||`───────`|`───────`|
|||||1,552|1,669|
|||||`═══════`|`═══════`|



**12** 



## **Teesdale Community Resources** 

## **Notes to the Financial Statements** _**(continued)**_ 

## **Year Ended 31 March 2021** 

## **12. Staff Costs** 

|The total staff costs and employee benefits for the reporting period are analysed as|The total staff costs and employee benefits for the reporting period are analysed as|follows:|
|---|---|---|
||**2021**|2020|
||**£**|£|
|Wages and salaries|115,656|113,638|
|Social security costs|4,009|5,685|
|Employer contributions to pension plans|1,467|2,024|
||`─────────`|`─────────`|
||121,132|121,347|
||`═════════`|`═════════`|



The average head count of employees during the year was 9 (2020: 9). The average number of full-time equivalent employees during the year is analysed as follows: 

||**2021**|2020|
|---|---|---|
||**No.**|No.|
|Number of management staff|1|1|
|Number of project staff|8|8|
||`────`|`────`|
||9|9|
||`════`|`════`|



No employee received employee benefits of more than £60,000 during the year (2020: Nil). 

## **Key Management Personnel** 

Key management personnel include all persons that have authority and responsibility for planning, directing and controlling the activities of the charity. The total compensation paid to key management personnel for services provided to the charity was £35,000 (2020:£35,000). 

## **13. Trustee Remuneration and Expenses** 

Trustees have received neither remuneration nor expenses during the year. 

## **14. Tangible Fixed Assets** 

||Freehold|Project|Office|Motor||
|---|---|---|---|---|---|
||property|Equipment|Equipment|vehicles|**Total**|
||£|£|£|£|**£**|
|**Cost**||||||
|**At 1 April 2020 and**||||||
|**31 March 2021**|5,039,960|260,563|39,099|51,000|5,390,622|
||`════════════`|`═════════`|`════════`|`════════`|`════════════`|
|**Depreciation**||||||
|At 1 April 2020|–|247,629|38,081|42,820|328,530|
|Charge for the year|–|3,233|255|2,045|5,533|
||`────────────`|`─────────`|`────────`|`────────`|`────────────`|
|**At 31 March 2021**|–|250,862|38,336|44,865|334,063|
||`════════════`|`═════════`|`════════`|`════════`|`════════════`|
|**Carrying amount**||||||
|**At 31 March 2021**|5,039,960|9,701|763|6,135|5,056,559|
||`════════════`|`═════════`|`════════`|`════════`|`════════════`|
|At 31 March 2020|5,039,960|12,934|1,018|8,180|5,062,092|
||`════════════`|`═════════`|`════════`|`════════`|`════════════`|



**13** 



## **Teesdale Community Resources** 

## **Notes to the Financial Statements** _**(continued)**_ 

## **Year Ended 31 March 2021** 

|**15.**|**Debtors**|||
|---|---|---|---|
|||**2021**|2020|
|||**£**|£|
||Trade debtors|1,157|31,433|
||Prepayments and accrued income|7,517|–|
|||`───────`|`────────`|
|||8,674|31,433|
|||`═══════`|`════════`|
|**16.**|**Creditors:** **amounts falling due within one year**|||
|||**2021**|2020|
|||**£**|£|
||Trade creditors|4,623|4,872|
||Accruals|960|960|
||Social security and other taxes|2,941|12,564|
||Pension creditor|264|394|
||Deferred income|16,529|15,312|
|||`────────`|`────────`|
|||25,317|34,102|
|||`════════`|`════════`|
|**17.**|**Creditors:** **amounts falling due after more than one year**|||
|||**2021**|2020|
|||**£**|£|
||Bank loans and overdrafts|50,000|–|
|||`════════`|`════`|



## **18. Pensions and Other Post Retirement Benefits** 

## **Defined contribution plans** 

The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £1,467 (2020: £2,024). 

**14** 



## **Teesdale Community Resources** 

## **Notes to the Financial Statements** _**(continued)**_ 

## **Year Ended 31 March 2021** 

## **19. Analysis of Charitable Funds** 

## **Unrestricted funds** 

|**Unrestricted funds**|||||
|---|---|---|---|---|
||At|||**At 31 March**|
||1 April 2020|Income|Expenditure|**2021**|
||£|£|£|£|
|General funds|22,753|156,724|(80,253)|<br>99,224|
|The Hub|5,039,960|–|–|5,039,960|
||`────────────`|`─────────`|`────────`|<br>`────────────`|
||5,062,713|156,724|(80,253)|<br>5,139,184|
||`════════════`|`═════════`|`════════`|<br>`════════════`|
||At|||At 31 March|
||1 April 2019|Income|Expenditure|2020|
||£|£|£|£|
|General funds|43,318|192,024|(212,589)|<br>22,753|
|The Hub|5,039,960|–|–|5,039,960|
||`────────────`|`─────────`|`─────────`|<br>`────────────`|
||5,083,278|192,024|(212,589)|<br>5,062,713|
||`════════════`|`═════════`|`═════════`|<br>`════════════`|
|**Restricted funds**|||||
||At|||**At 31 March**|
||1 April 2020|Income|Expenditure|**2021**|
||£|£|£|£|
|Teesdale Care Packages|–|20,671|(20,671)|<br>–|
|County Durham Community|||||
|Foundation|–|11,680|(11,680)|<br>–|
|Hadrian Trust|–|2,000|(2,000)|<br>–|
|Pioneering Care Partnership|–|3,900|–|3,900|
|TAP - FACE project|1,526|–|–|1,526|
|National Lottery - But First Pause|–|63,368|(63,368)|<br>–|
|National Lottery - Family|–|47,343|(14,531)|<br>32,812|
|UK Youth|–|1,250|(1,250)|<br>–|
|TAP - Youth Fund|469|–|(469)|<br>–|
|TAP - Capital Fund|6,980|–|(6,980)|<br>–|
|TAP - Heritage Garden Fund|7,607|–|(89)|<br>7,518|
|Durham County Council|–|2,676|(2,676)|<br>–|
|Adam Robinson|–|1,333|(1,333)|<br>–|
|Sir James Knott Foundation|4,000|–|(4,000)|<br>–|
|Duke of Edinburgh Award Scheme|200|–|(200)|<br>–|
|Power to Change|–|23,300|(23,300)|<br>–|
|TAP Food Provision|–|829|(829)|<br>–|
|UK Youth Generation Code|2,273|–|(2,273)|<br>–|
|High Sheriff Award (The Greenhouse)|–|1,000|–|1,000|
||`────────`|`─────────`|`─────────`|<br>`────────`|
||23,055|179,350|(155,649)|<br>46,756|
||`════════`|`═════════`|`═════════`|<br>`════════`|



**15** 



## **Teesdale Community Resources** 

## **Notes to the Financial Statements** _**(continued)**_ 

## **Year Ended 31 March 2021** 

## **19. Analysis of Charitable Funds** _**(continued)**_ 

||At|||At 31 March|
|---|---|---|---|---|
||1 April 2019|Income|Expenditure|2020|
||£|£|£|£|
|TAP - Music studio|2,044|–|(2,044)|<br>–|
|National Community Fund Awards For|||||
|All|10,000|–|(10,000)|<br>–|
|CDCF - Northern Heartlands|4,570|–|(4,570)|<br>–|
|CDCF - Enriching Later Lives|9,785|–|(9,785)|<br>–|
|TAP - FACE project|3,377|–|(1,851)|<br>1,526|
|TAP - Music project|880|–|(880)|<br>–|
|TAP - Duke of Edinburgh|2,388|–|(2,388)|<br>–|
|TAP - Youth Fund|–|1,040|(571)|<br>469|
|TAP - Capital Fund|–|10,800|(3,820)|<br>6,980|
|TAP - Heritage Garden Fund|–|8,369|(762)|<br>7,607|
|Durham County Council|–|3,000|(3,000)|<br>–|
|Adam Robinson|–|5,000|(5,000)|<br>–|
|Sir James Knott Foundation|–|4,800|(800)|<br>4,000|
|Duke of Edinburgh Award Scheme|–|790|(590)|<br>200|
|Power to Change|–|640|(640)|<br>–|
|TAP Food Provision|–|250|(250)|<br>–|
|UK Youth Generation Code|–|4,140|(1,867)|<br>2,273|
|DCC RTCI|–|1,734|(1,734)|<br>–|
||`────────`|`────────`|`────────`|`────────`|
||33,044|40,563|(50,552)|<br>23,055|
||`════════`|`════════`|`════════`|`════════`|



The restricted funds are for the following purposes: 

Durham County Council - Covid Response County Durham Community Foundation - Covid Recovery Adam Robinson - Community Transport Hadrian Trust - Music Provision Power to Change - Covid recovery and response Pioneering Care Partnership - Happiness café 

UK Youth - Generation Code Accelerator 

**16** 



**Notes to the Financial Statements** _**(continued)**_ 

## **Teesdale Community Resources** 

## **Year Ended 31 March 2021** 

## **20. Analysis of Net Assets Between Funds** 

||Unrestricted|Restricted|**Total Funds**|
|---|---|---|---|
||Funds|Funds|**2021**|
||£|£|**£**|
|Tangible fixed assets|5,056,559|–|5,056,559|
|Current assets|200,798|3,900|204,698|
|Creditors less than 1 year|(25,317)|–|(25,317)|
|Creditors greater than 1 year|(50,000)|–|(50,000)|
||`────────────`|`───────`|`────────────`|
|**Net assets**|5,182,040|3,900|5,185,940|
||`════════════`|`═══════`|`════════════`|
||Unrestricted|Restricted|Total Funds|
||Funds|Funds|2020|
||£|£|£|
|Tangible fixed assets|5,062,092|–|5,062,092|
|Current assets|34,723|23,055|57,778|
|Creditors less than 1 year|(34,102)|–|(34,102)|
|Creditors greater than 1 year|–|–|–|
||`────────────`|`────────`|`────────────`|
|**Net assets**|5,062,713|23,055|5,085,768|
||`════════════`|`════════`|`════════════`|



**17** 



**Teesdale Community Resources** 

**Management Information** 

**Year Ended 31 March 2021** 

**The Following Pages Do Not Form Part of the Financial Statements.** 

**18** 



## **Teesdale Community Resources** 

## **Detailed Statement of Financial Activities** 

## **Year Ended 31 March 2021** 

||**2021**|2020|
|---|---|---|
||**£**|£|
|**Income and endowments**|||
|**Donations and legacies**|||
|General donations|15,879|3,805|
|Donations - Teesdale Care Packages|11,996|–|
|Sir James Knott Foundation|–|4,800|
|1989 Willan Charitable Trust|–|5,000|
|Mein Trust|5,000|–|
|County Durham Community Foundation|15,350|–|
|Teesdale Action Partnership|–|23,849|
|Hadrian Trust|2,000|–|
|Pioneering Care Partnership|3,900|–|
|National Lottery Fund - But First Pause|63,368|–|
|National Lottery Fund - Family|47,343|–|
|UK Youth|1,250|4,140|
|Durham County Council|4,009|1,984|
|Duke of Edinburgh Award|–|790|
|Power to Change|23,300|–|
|Care packages|8,675|–|
|TAP Food Provision|829|–|
|The Greenhouse|1,000|–|
||`─────────`|`────────`|
||203,899|44,368|
||`─────────`|`────────`|
|**Charitable activities**|||
|Event income|815|10,729|
|Outdoor Activities|15,101|21,309|
|Kitchen/Cafe|–|32,616|
|Room & Facility Hire|25,492|56,812|
|Music Studio|200|23,950|
|Community Transport|398|10,637|
|Accommodation|3,357|18,059|
|Income from other activities|570|3,862|
||`────────`|`─────────`|
||45,933|177,974|
||`────────`|`─────────`|
|**Other income**|||
|Renewable Heat Initiative|7,598|10,245|
|DCC Covid Support|56,425|–|
|HMRC Job Retention Scheme|22,219|–|
||`────────`|`────────`|
||86,242|10,245|
||`────────`|`────────`|
||`─────────`|`─────────`|
|**Total income**|336,074|232,587|
||`═════════`|`═════════`|



**19** 



## **Teesdale Community Resources** 

## **Detailed Statement of Financial Activities** _**(continued)**_ 

## **Year Ended 31 March 2021** 

||**2021**|2020|
|---|---|---|
||**£**|£|
|**Expenditure**|||
|**Expenditure on charitable activities**|||
|Wages|115,656|113,638|
|Employer's NIC|4,009|5,685|
|Pension costs|1,467|2,024|
|Utilities|17,850|33,775|
|Repairs & maintenance|17,141|9,317|
|Insurance|4,776|6,729|
|NLF But First pause costs|19,101|–|
|Transport costs|2,693|4,870|
|Legal & professional fees|1,552|1,763|
|Teesdale Care Packages and Food Provision|16,749|–|
|Office costs|4,943|5,779|
|Depreciation|5,533|7,378|
|Outdoor Activity costs|8,668|9,466|
|Event costs|1,020|15,884|
|Kitchen/cafe costs|517|27,041|
|Other project costs|14,227|19,792|
||`─────────`|`─────────`|
||235,902|263,141|
||`─────────`|`─────────`|
||`─────────`|`─────────`|
|**Total expenditure**|235,902|263,141|
||`═════════`|`═════════`|
||`─────────`|`─────────`|
|**Net income/(expenditure)**|100,172|(30,554)|
||`═════════`|`═════════`|



**20**