## **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