THE SOUTH STANLEY PARTNERSHIP CIO
REPORT AND FINANCIAL STATEMENTS For the year ended 31 March 2024
Charity number 1173940
THE SOUTH STANLEY PARTNERSHIP CIO
TRUSTEES ANNUAL REPORT
For the year ended 31 March 2024
The trustees are pleased to present their annual report together with financial statements of the charity for the year ended 31 March 2024.
The financial statements comply with the Charities Act 2011, the Memorandum and Articles of Association and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable to the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
1. Objectives and activities
To further or benefit the residents of South Stanley and the surrounding area.
2. Achievements and performance
South Stanley Partnership Chairman’s Report 2024
This past year has been increasingly successful with the centre being used by a wide range of groups and organisations. Earlier this year we introduced our ‘Thursday Traders’. These are small local businesses who take turns to come in on a Thursday to sell and promote their products. This has proved to be very popular amongst the local community.
The biggest thing we did this year was revamp our community café and gave it a new name to help increase footfall. We had a big opening day for the relaunch, and it was opened by Local Celebrity Glen McCrory. The results have been amazing as the café is now more popular than ever.
With the help of the Household Support Funding from CDCF we have been able to support a lot more people in our community. This funding has helped with the purchase of school uniforms, school shoes, winter coats, various household items, and gas and electricity for people who are struggling financially.
Throughout the financial year we have held various fund-raising events and have many more events planned to help increase our income.
I would like to thank the Trustees, staff and volunteers for their hard work throughout the year, and I hope that next year will be even more successful. I would also like to thank the funders who have supported our work this year, including The Ballinger Trust, Sir James Knott Trust, DCC, Stanley AAP, County Durham Community Foundation, The Asda Foundation, Karbon Homes, Tesco and Sainsburys.
1
THE SOUTH STANLEY PARTNERSHIP CIO TRUSTEES ANNUAL REPORT
For the year ended 31 March 2024
3. Public benefit
The Board of Trustees has referred to the Charity Commission's guidance on public benefit when reviewing the charity's objectives and planning its future activities. This annual report will aim to demonstrate the link between our charitable activity and how this benefits our service users.
4. Financial review
The South Stanley Partnership are funded by a variety of income. The total income for the year was £133,826 (2023: £128,750) of which £44,532 are restricted (2023: £60,314). This income is allocated across respective funds on the Statement of Financial Activities in accordance with the Statement of Recommended Practice.
The Statement of Financial Activities for the year ended 31 March 2024, shows a deficit across all funds of -£6,124 (2023: surplus £21,157).
The Balance Sheet at 31 March 2024 shows total funds carried forward of £76,586 of which £36,339 are restricted funds, the unrestricted reserves are £40,248.
2
THE SOUTH STANLEY PARTNERSHIP CIO
TRUSTEES ANNUAL REPORT
For the year ended 31 March 2024
5. Reference and administrative details of the charity, its trustees and advisors
Charity Name The South Stanley Partnership CIO Registered 1173940 Charity Number Trustees Pamela Pearson Emma Thomas Marshall Roberts Mary McMahon Appointed 11 Oct 2023 Josie Jefferson Appointed 11 Oct 2023 Mara Tonothy Appointed 11 Oct 2024 Harvey Hagen Appointed 11 Oct 2024 Sandra Keers Appointed 11 Oct 2024 Christine Cotter Appointed 08 Nov 2024 John Royal Appointed 05 Dec 2024
Registered Office St Stephens Church Hollyhill Gardens East Stanley DH9 6PG Independent MW Accounting, Bookkeeping Examiner and Training Woodgate House Wood Street Gateshead NE11 9NP Bankers Lloyds Bank Plc 25 Gresham Street London EC2V 7HN
3
THE SOUTH STANLEY PARTNERSHIP CIO
TRUSTEES ANNUAL REPORT
For the year ended 31 March 2024
6. Structure, governance and management
Governing documents
The South Stanley Partnership CIO is a charitable incorporated organisation, governed by its constitution, adopted on 25[th] July 2017.
7. Trustees responsibilities in relation to the financial statement
The trustees are responsible for preparing the Trustees’ Annual Report and the Financial Statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The trustees are required to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure of the charity for the year. In preparing those financial statements, the trustees are required to:
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles in the Charities SORP;
-
make judgements that are reasonable and prudent;
-
state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity. 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.
30/01/2025
Approved by the trustees on ………………….. and signed on their behalf by:
J. Royal J. Royal (Jan 30, 2025 14:46 GMT) John Royal Treasurer
4
THE SOUTH STANLEY PARTNERSHIP
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES
For the year ended 31 March 2024
I report on the financial statements of The South Stanley Partnership for the year ended 31 March 2024, which are set out on pages 6 to 14.
Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 ("the Charities Act) and that an independent examination is needed.
Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:
-
examine the accounts under section 145 of the Charities Act,
-
to follow the procedures laid down in the general Directions given by the Charity Commission (under section
-
145(5)(b) of the Charities Act), and
-
to state whether particular matters have come to my attention.
Basis of independent examiner's statement
My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.
Independent examiner's statement
In connection with my examination, no material matters have come to my attention which gives me cause to believe that in, any material respect:
-
the accounting records were not kept in accordance with section 130 of the Charities Act; or
-
the accounts did not accord with the accounting records; or
-
the accounts did 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 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.
Michelle Wright MW Accounting, Bookkeeping & Training Woodgate House 5c Wood Street Gateshead NE11 9NP Date: 30/01/2025
5
THE SOUTH STANLEY PARTNERSHIP
RECEIPTS AND PAYMENTS ACCOUNT
For the year ended 31 March 2024
| 5 6 6 Other trading activities 7 Payments 8 Operation of the charity Total expenditure Net income/(expenditure) Transfers between funds Net movement of funds Charitable activities Total income Donations and legacies Receipts Charitable activities Grants and contracts Notes Total funds carried forward Reconciliation of funds Total funds brought forward |
Unrestricted Funds £ 22,101 5,460 - 61,732 89,294 94,241 94,241 ( 4,946 ) 30 ( 4,916 ) 45,164 40,248 |
Restricted Funds £ - - 44,532 - 44,532 45,710 45,710 ( 1,178 ) ( 30 ) ( 1,208 ) 37,546 36,339 |
Total 2024 £ 22,101 5,460 44,532 61,732 133,826 139,951 139,951 ( 6,124 ) - ( 6,124 ) 82,711 76,586 |
Total 2023 £ |
|---|---|---|---|---|
| 19,826 3,793 60,614 44,517 |
||||
| 128,750 | ||||
| 107,592 | ||||
| 107,592 | ||||
| 21,157 - |
||||
| 21,157 61,553 |
||||
| 82,711 |
The Receipts and Payments Statement includes all gains and losses recognised in the year. All receipts and payments derive from continuing activities
The notes on pages 8 to 14 form an integral part of these accounts.
6
Charity Number 1173940
THE SOUTH STANLEY PARTNERSHIP
STATEMENT OF ASSETS AND LIABILITIES
As at 31 March 2024
| Cash funds Current account Petty cash 4 Total cash funds Liabilities 9 Uncleared cheques Total assets Accountancy and independent examination Notes |
Unrestricted Funds £ 39,616 632 40,248 100 - 100 |
Restricted Funds £ 36,339 - 36,339 - - - |
Total 2024 £ 75,954 632 76,586 100 - 100 |
Total 2023 £ |
|---|---|---|---|---|
| 81,953 757 |
||||
| 82,711 | ||||
| - - |
||||
| - |
The notes on pages 8 to 14 form an integral part of these accounts.
| Treasurer These financial statements were approved by the Board on: and are signed on its behalf by: John Royal |
31/05/2024 |
|---|---|
| J. Royal (Jan 30, 2025 14:46 GMT) J. Royal |
|
7
THE SOUTH STANLEY PARTNERSHIP
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 March 2024
1 Accounting Policies
The accounts have been prepared on the receipts and payments basis. An audit is not required by the charity's constitution and has not been requested by the trustees.
2 Basis of accounting
2.1 Preparation of the accounts on a going concern basis
The charity reported total unrestricted funds at the year end of £40,248 and has already secured a significant amount of funding for the current year.
The trustees are of the view that the immediate future of the charity for the next 12 months is secure and that on this basis the charity is a going concern.
The financial statements have been prepared on a going concern basis. The Trustees have reviewed and considered relevant information, including the annual budget and future cash flows in making their assessment. The Trustees are of the view that the immediate future of the charity, for the next 12 months is secure and that on this basis the charity is a going concern.
3 Receipts
3.1 Recognition of receipts
Receipts are recognised when the charity has received the receipt.
3.2 Grants and donations
Income from government and other grants are recognised when the charity has received the funds.
3.3 Fund accounting
Unrestricted funds are available to spend on activities that further any of the purposes of the charity. Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity's work or for specific projects being undertaken by the charity.
4 Payments and liabilities
4.1 Liability recognition
Liabilities are recognised when it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty.
4.2 Charitable activities
Payments on charitable activities includes the costs of supporting the local community as well as other activities undertaken to further the purposes of the charity and their associated support costs.
8
THE SOUTH STANLEY PARTNERSHIP
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 March 2024
4.3 Governance and support costs
Support costs have been allocated between governance cost and other support.
Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice.
Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources.
4.4 Liabilities
The charity has liabilities which are measured at settlement amounts less any trade discounts.
4.5 Provision for liabilities
A liability is measured on recognition at its historical cost and then subsequently measured at the best estimate of the amount required to settle the obligation at the reporting date.
9
THE SOUTH STANLEY PARTNERSHIP
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 March 2024
| Analysis of receipts 5 Donations and legacies 6 Charitable activities Income from fundraising activities Income from grants Durham CC AAP Funding Magic Little Grants Neighbourly Grant - Sainsburys AAP/DDC Holiday Club CDCF Household Support Asda Foundation CDCF Stairlift Fund Ballinger Trust Sir James Knott Trust 7 Other trading activities Group/hire of venue Café income Other income Grants Karbon Homes CDCF Paws for Thought CDCF Warm Spaces Donations and Gift Aid Other small grants Fundraising events Parties & events |
Unrestricted Funds £ 22,101 22,101 562 4,898 5,460 - - - - - - - - - - - - - - - 11,448 44,829 5,456 61,732 |
Restricted Funds £ - - - - - - 1,000 2,000 4,000 1,910 500 500 5,847 8,000 700 2,000 10,000 7,000 1,075 44,532 - - - - |
Total 2024 £ 22,101 22,101 562 4,898 5,460 - 1,000 2,000 4,000 1,910 500 500 5,847 8,000 700 2,000 10,000 7,000 1,075 44,532 11,448 44,829 5,456 61,732 |
Total 2023 £ |
|---|---|---|---|---|
| 19,826 | ||||
| 19,826 | ||||
| 739 3,054 |
||||
| 3,793 | ||||
| 60,614 - - - - - - - - - - - - - |
||||
| 60,614 | ||||
| 4,603 38,959 955 |
||||
| 44,517 |
Receipts were £133,826 (2023: £128,750) of which £89,294 was unrestricted or designated (2023: £68,436) and £44,532 was restricted (2023: £16,852)
10
THE SOUTH STANLEY PARTNERSHIP
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 March 2024
Analysis of payments on charitable activities
| 8 | Charitable payments Direct costs Café costs Support costs Utilities Cleaning & hygiene Other expenses Community support Rent & insurance Postage & carriage Office stationery Repairs & maintenance Staff costs Events, activities & groups Volunteer expenses Venue hire Project equipment Professional fees Payment charges |
Unrestricted Funds £ 39,078 2,089 34,670 4,983 148 172 - 2,797 - 481 4,008 3,227 994 847 167 579 94,241 |
Restricted Funds £ 16,626 4,275 1,935 4 10,256 6,159 - - - 80 2,134 4,172 21 - - 47 45,710 |
Total 2024 £ 55,704 6,364 36,604 4,987 10,405 6,330 - 2,797 - 561 6,142 7,399 1,015 847 167 626 139,951 |
Total 2023 £ |
|---|---|---|---|---|---|
| 43,526 4,158 29,254 4,744 - 10,930 - 2,840 - 483 5,108 931 752 - 50 4,815 |
|||||
| 107,592 |
Payments on charitable activities were £139,951 (2023: £107,592) of which £94,241 was unrestricted or designated (2023: £75,509) and £45,710 was restricted (2023: £16,852)
9 Fees for examination of the accounts
| Independent examiner's fees for reporting on the accounts | 2024 £ 100 100 |
2023 £ |
|---|---|---|
| - | ||
| - |
There were no other fees paid to the examiner (2023: £nil)
10 Analysis of staff costs and the cost of key management personnel
| Pension costs (defined contribution pension plan) Salaries and wages Social security costs |
2024 £ 54,597 1,882 775 57,253 |
2023 £ |
|---|---|---|
| 42,543 1,049 488 |
||
| 44,080 |
No employee received remuneration above £60,000 (2023: nil)
The key management personnel of the charity, comprise the the centre manager and the trustees. The total employee benefits of the key management personnel of the charity were £17,434 (2023: £15,821).
11
THE SOUTH STANLEY PARTNERSHIP
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 March 2024
11 Staff numbers
The average monthly head count was 5 staff (2023: 5 staff) and the average monthly number of full-time equivalent employees during the year were as follows:
| Charitable activities The parts of the charity in which the employee's work |
2024 Number 2.5 2.5 |
2023 Number |
|---|---|---|
| 2.5 | ||
| 2.5 |
12 Transactions with trustees
None of the trustees have been paid any remuneration or received any other benefits from an employment with the charity or a related entity.
Trustees' expenses
No trustee expenses have been incurred in the year.
Transaction(s) with related parties
There have been no related party transactions in the reporting period.
13 Corporation Taxation
The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objectives.
| 14 Cash at bank and in hand Cash in hand Cash at bank and in hand |
2024 £ 75,954 632 76,586 |
2023 £ |
|---|---|---|
| 81,953 757 |
||
| 82,711 |
15 Events after the end of the reporting period
No events requiring adjustment to the accounts have occurred after the end of the reporting period but before the accounts are authorised which relate to conditions that arose after the end of the reporting period.
12
THE SOUTH STANLEY PARTNERSHIP
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 March 2024
16 Analysis of charitable funds
Analysis of movements in unrestricted funds For the year ended 31 March 2024
| Unrestricted funds General unrestricted fund Totals |
Fund balances brought forward £ 45,164 45,164 |
Incoming resources £ 89,294 89,294 |
Resources expended £ ( 94,241 ) (94,241) |
Transfers £ 30 30 |
Fund balances carried forward £ |
|---|---|---|---|---|---|
| 40,248 | |||||
| 40,248 |
Purpose of unrestricted funds
General unrestricted fund The 'free reserves' of the charity
Analysis of movement in restricted funds
| Restricted funds Ballinger Trust AAP Community Support Arnold Clark Pioneering Care Plan The Barbour Foundation Durham County Council Community Building Support Hadrian Trust CDCF SOS Grant Durham Community Action Local Giving Awards for All AAP/DDC Holiday Activities CDCF Paws for Thought Karbon Homes CDCF Warm Spaces Neighbourly - Sainsburys Magic Little Grants Household Support Fund Asda Foundation CDCF Stairlift Sir James Knott Trust Other small grants Totals |
Fund balances brought forward £ 6,860 2,860 1,675 620 261 3,454 838 1,000 7,202 2,500 500 9,000 777 - - - - - - - - - - 37,546 |
Incoming resources £ 10,000 - - - - - - - - - - - 7,757 2,000 1,000 4,000 500 500 8,000 700 2,000 7,000 1,075 44,532 |
Resources expended £ ( 9,364 ) ( 675 ) ( 126 ) ( 193 ) ( 11 ) - ( 47 ) - ( 5,928 ) ( 534 ) - ( 7,030 ) ( 7,470 ) ( 2,000 ) ( 342 ) ( 2,134 ) ( 40 ) - ( 7,416 ) - ( 2,000 ) ( 401 ) (45,710) |
Transfers £ - - - - - - - - - - - - - - - - - - - - - - ( 30 ) (30) |
Fund balances carried forward £ |
|---|---|---|---|---|---|
| 7,496 2,186 1,548 427 250 3,454 791 1,000 1,274 1,966 500 1,970 1,064 - 658 1,866 460 500 584 700 - 7,000 644 |
|||||
| 36,339 |
Purpose of restricted funds
Restricted funds represent income resources used for a specific purpose within the charity as identified by the donor.
Ballinger Trust
AAP Community Support Arnold Clark Pioneering Care Plan The Barbour Foundation Durham County Council Community Building Support Hadrian Trust
To fund salaries
To support the community with utility costs To support the community with shopping To fund the greenhouse and associated costs To fund the warm spaces equipment/supplies To fund the hot spot project To fund the marketing of the organisation To fund costs associated with the rooms for events
13
THE SOUTH STANLEY PARTNERSHIP
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 March 2024
16 Analysis of charitable funds
Purpose of restricted funds continued
CDCF SOS Grant To fund salaries Durham Community Action To fund professional fees Local Giving Awards for All To fund new kitchen equipment AAP/DDC Holiday Activities To fund activities provided during the holidays CDCF Paws for Thought To fund supplies for pets within the community Karbon Homes To fund hygiene packs CDCF Warm Spaces To fund energy costs Neighbourly - Sainsburys Food support funding Magic Little Grants To fund seated exercise classes Household Support Fund To support local community essential costs Asda Foundation Greenhouse and gardening funds CDCF Stairlift To purchase a stair lift Sir James Knott Trust To fund salaries
17 Capital commitments
As at 31 March 2024, the charity had no capital commitments (2023: £nil)
18 Analysis of net assets between funds
| nalysis of net assets between funds | |||
|---|---|---|---|
| Cash at bank and in hand Cash at bank and in hand |
Unrestricted Funds £ 40,248 40,248 Unrestricted Funds £ 45,165 45,165 |
Restricted Funds £ 36,339 36,339 Restricted Funds £ 37,546 37,546 |
Total 2024 £ |
| 76,586 | |||
| 76,586 | |||
| Total 2023 £ |
|||
| 82,711 | |||
| 82,711 |
14