The Teesside Family Foundatlon Report of the Trustee5 and Unaudited Financial Statements for the Year to 31 December2024 -CharKy Commissioners Cop R£8lStered Charity No: 1179360 ANDERSON BARROWCLIFF LIMITED Chartered A¢¢ountsnts
TheT ide Famll Fo atlon Page Reporc of the Trustees Independent Examineffs Report statent of Financial Activf(ies Balance Sheet Notes to the Financial Ststements 7-12
Te The Trustees present their report together wlth financial ststements forthe perlod ended 31 December 2024. The financial Statements have been prepared In accordance with the accounting policies set out in notes to the accounts and compty with the Charitys governing documenL the Charitles Act 2011 and Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charittes preparing their accounts in accordance with the Financial Repordng Standard applicable in the UK and Republic of Ireland published in Ortober 2019. REFERENCE A14D ADMINISTRATIVE DETAILS Reglstered Charlty number 1179360 Princlpal address 6466 Borough Road Middlesbrough TS12JH Trustees Anthony Ronald Wedlake Luis Mccarthy Dean Nicholas Fttzmaurl Bradleyjohnson Richard Mark P¢)re Ichairl Toni Conroy reasUrer) Samanthajane Anderson lappolnted 1 January 2024} Julie Kawndele lappoSnted 1 January 2024) SamlnaJaved-SaJwar (appointed 6 February20251 Independent examlner MrJADale Ander50n Barrowcliff Limited Chartered Accountants 3 Kingfisher Court Bowesfield Park Stockton on Tees T518 3EX oBJEIVEs AND AcfiviTIES ObJertives and alms The Charity operates in the area of Teesside and its charitable objettwes are as follow5:_ To support people within Teesside who are faced Mth the most difficult of tlmes, who are fighting poverty. battling with a Ilfe limiting Illness. goingthrough personal trauma or who have disabilit5. Ourobjectives aredriven throughfunds set upto supportTeesslde peoplethat include specialeqUiPMent fundink grassroots sports supporc 'w Dream Day experienS. applicatlons for assistance and respite holldays. Page 1
Fa f the Trustee5 ed 310e ember ftir th Year En ACHIEVEMENTS AND PERFORMANCE 2024 has been a successful but also challenging year ftir the Chartty we have agaln seen outstanding support from our sUPPOrters. During the year we made signlficant donations to the local autlsm charity MAIN of £20,000 to help bring thelr existing building into full use which with the help of local buslness we managed to achieve. A donat5on of £80 to Stockton Parish Church enabled them to purchase an accessible stsge platform which we hai already seen transfomi peopl¥s experiences. The team of Trustees have worked extremety hard In ensurlng we meet our objertives to help those familles and Indmduals who have, disabllities, fighting Ilfe limiting illness or have fallen on hard times throush no fault of their own bmth support gtven through grassroots sport, specialist equipment, my dream dayexperiences. applications for assistance funding and of course Christmas in which the charlty helps families who are in financial cri515 organise funded Christmas events and to prowde Christma5 gifts to ensure no chlld goes without at Christmas. Of course, we slmply can't do what we do wf(hout the help of our supporter5. We have continued to develop strong links th our Corporate Supporters who partnerthe Charityto whom we owe a huge thankyou. Private individuals are also the backbone to raising funds whether that be through soclal events or Indeed sporting artivities. The increasing numberof runners In the Middlesbrough IOKand Great North Run have Increased donations once again. Personalty, l am so proud to be involved in this Charty workingwrth like-minded rrLeeS. We are allvolunteers and every penry we raise goes tg meeting our objertives. The provision of acc¢)mmodatlon In our mobile homes meets a slgnificant need and CODtlnues to prowde a valuable re5plte breaks for over 100 families. As we move forward Into 2025, we contlnue to be the officlal charity partner of the Middlesbrough half marathon, we have committed to 2 years sponsorship and we hope this year wll be as su(cessful as the lasc this wll not only raise the charities profile butsee the charity ralse tens of thousands of pounds. I (Richard Poole) became the new Chair In 2024 taking over th'e role from Tony Wedlake and am enjoying the role. rd like to congratulate Tony for his year5 as chair, and for hr5 continued suppor¢ the charity would Not be where it is todaywithout him. As stated. fund raising has been challenging this year but I'ffl proud of our team for achiwng the results we have and helping people in Tees5ide has remained focu5. The Teesside Family Foundation will rÈse to this challenge and continue to dowhat we always do- help the right people at the right time. FINANCIAL REVIEW Reserves Policy TheTrustee5 have set a reserves policywhlch requires reserves of a minimum of £50,OlX)to be maintalned to enable the charityto continue during a period of unforeseen difficulty. This wll enable the thariryto cover Site fee costs for the caravans and to be able to meet any short-term commitments fof assistance that may have previously been agreed and for the eaty month5 of 2025 as the Charities fundraising events are sd*duled Main In the final 6 month5 of the year. The charity made a surplus of £37,615 during the period on unrestricted funds. The unrestricted funds atthe year- end stood at £272,409 whilst cash reserves stood at £149.825. The intention is to dlstribute these resources in line with the objectives of the charity throughout 2025. srRUCTURE. fjOVERNANCE AND MANAGEMEfrrr The Teesside Famlly Foundatlon CIO was Incorporated on 27jU 2018 Iregi5¢ered charity number 11793601 and the assetsand liabilitles of the unincorporated chaNtywhich totaled £42.090 were transferred to the CIO on 28luly 2018. GovernSng Document The Charttable Incorporated OrganitIOn s governing document is its constitthton which was registered on 27 Ju 2018. Page 2
Famll Founda hèTr 31 Re nd Appointment Indurtlon and TraInI of Trustees Overall managementforthe Cha17ty isthe responsibilityof thetrustees. The members of the CIO atanypoint in time shall be rhe same persons as the Charity tnJstees at that time. The only persons eligible to be members of the CIO are Charity trustees. Membership of the CIO cannot be transferred to anyone else. TRUSTEE STATEMENT In setting our obJettNes and planning our aa(vit5. the trustees have given careful consjderation to the Charity Commisslon guidance on public benefft. Approved by order of the board of trustees on.................-.................... and slgned on its behalf ty. R M Poole Page 3
Examl er, Ide Tr Th Indepéndent Examinerfs Report to the Trnstees ofThe Teesslde Famity Foundatlon. I report to the charty trustees on my examinatlon of the accounts of the Charity for the year ended 31 December 2024 which are set out on pages 5 to 12, Responsibilitles and Basls ol Report Asthe charity's trusteesyou are responsibleforthe preparatlon of the accounts in accordancewiththe reqltlrements of the Charrties Act 20111lhe Arf). I report in respert of my examination of your chartys accounts as Caled out under section 145 of the Act and in carrylng out my examlnation I have followed all the applicable dirertions given by the Charty Commission under section 14515Xbl of the Act. Independent Examlnerfs Statement I have completed my examinatlon. I tonfirm that no matter5 have come to my attentlon in connection with th examination which gwe me cause to believe that in any material respecL- accounting records were not kept in respett of the charity as required by section 130 of the Affj or the acc¢)unts do not accord wlth the accounting records: or the accounts do not complywith the applitsble requlrements concerfting the form and content of accounts set out in the Charrtie5 IAccounts and Reports) Regulations 2008 other than any requirement that the accountsg've a %rue and fa1rv1ewhrch is not a matter considered as part of an independent examination. I have no concems and have come across no other matters In connettion with the examlnation to which attentlon should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Mrl A Dale Anderson Barrowcllff Llmkted Chartered Accountanrs 3 Kingfisher Court Bowesfield Park Stockton on Tees TS18 3EX Page 4
Year to Yearto Restrlrted Unrestricted 31.122024 31.112023 Funds Fund5 Totsi Totsl Notes INCOME FROM: Donations and legacies 182325 182.325 144436 Other tradlng actiVTti@s 77.771 77.771 87,965 Total Income 260.096 260.096 232.401 EXPENDITURE ON: Charitable actlvitie5 Fundraising costs 164y2 57.939 164.542 57.939 160.791 46,520 TOTAL EXPENDITURE 221481 2Z1481 207311 NET MOVEMENf IN FUNDSINEr INCOME FOR YEAR TOTAL FUNDS BROUGHT FORWARD 37.615 37.615 25,090 209.704 TOTAL FUNDS CARRIED FORWARD 10 271409 271409 234,794 The notes form part ofthe statutory financlal atements Page 5
Fou 2024 Notes 2023 FIXED eT$ Tansible assets 91,078 CURRENT ASSETS Cash at bank Prepajinents Other debtOf5 149.825 15.145 9.100 126.531 8385 8.800 CREDITOIts Amounts falling due wtthin one year 174070 143.716 NET CURRENT ASSETS 174.070 143,716 TOTAL ASSETS LESS CURRETrir LIABILITIES 234.794 FUNDS Unrèstritted funds Restricted funds 234.794 TOTAL FUNDS 234,794 2&1,,1 The financial statements were approved bythe Board ofTnJstees on ........................... and were sl8ned on Its behalf R M Poole The notes fomi part of the statutoryfinancial statements Page 6
The Teess'de Famll Foun tion No rth to th Inanclal State ear Ended 31 nts r 2024 ACCOUNTING POLiaES lal General Informatlon and Basls of Preparation The Tees5ide Famity Foundation is a charitable incorporated organisa¢lon in Engfand. The prtnclpal address 15 gfven in the Charfty information on page 1 of these flnancial statements. The Charityconstitutes a public benefft entity as defined by FRS 102. The financial s¢atements have been prepared In accordance with Accounting and Reportlng by Charities.. Statement of Recommended Practice Standard applitsble to charities preparing their3ccounts in accordance wth the Financial ReportingStandard applicable inthe UK and Republlc of Ireland Issued in October2019. the Financial Reporting Stsndard applicable In the United Kingdown and Republlc of Ireland IFRS1021. the Charities Act 2011 and UK Generally A(pted Accounting Practlce as it applies from 1 January 2015. The finanaal statemerts have been prepared to give a tnje and fairf view and have departed from the Charttles (Accounts and Reports) Regulatlon5 2008 only to the extent required to provide a 'true and fair e. This departure has involved following the Accounting and Reporting by Charities.. Statement of Recofflmended Practice appllcable to thartrles preparing their accounts in accordance Nvith the Firbancial Reporting 5tsndard applicable in the UK and Republic of Ireland IFRS 7021 issued on October 2019 ratherthan the Accountlng and Reportlng by Chartties- Stementof Recommended Practlce effettive from 1 April 2005 which has slnts been withdrawn. The financial statements a prepared on a going concern basls underthe historical cos¢ conventlon. The financial statements a presented In erling which is thefiJnctSonal currenry of the CharSty and rounded to the nearest £1. The signnlcant accountlng pollcles applied In the preparatlon of these financial statements are set out below. stated. These policies have been consistentiy applied to all years presented unless otheTrvise Ibl Fund Accountlng Unrestrrtted funds can be used in accordance wtth the charttable objectives at the discretion of the twstees. Restricted fijnds can onty be used for partlcular restrirted purposes Wlthin the objecrs of the charity. Restrittions arise when specbfied by the donor or when funds are raised for partficular restricted purposes. Further explanation of the nature and purpose of each ftind is included In the notes to the financial statements. Icl Intome Items of income are recognlsed and iJKluded in the accounts when all the folbwing crlteria are met= The charity has entitlement to the fijnds. Any perfomiance conditions attached to the ttemls) of Income have been met or are fulty wlthin the control of the charty. There is sufficient certaSnty that receipt of the Income Is considered probable,. and The amount can be measured reliably. Income from charitable aafvtties Includes income recogni5ed as earned las the related goods or services are provided) under contract or where entidement to grant fijnding is subject to specific performance conditions. Donated serv4ces are recognised at the esllmated fair value of the servlces. There is no netting off within the accourrts. Page 7
eTe otes eFln nded Ists en be ACCOUNTING POLICIES- contlnued Idl Expendlture Expenditure is recognised as Sn asthere Isa legal orconstrurtive obligation commltringthe charity to the expendlture, it Is probable that the settlement will b@ required and the amount of the obligation can be measured reliabty. 1 expenditure is accounted for on an accruals basis and has been classlfied under headlngs that aggregate a51 costs related to the category. It includes attributsble VATwhich Cannot be recovered. Charrtable expendiwre comprises those costs Incurred bythe comparky In the delivery of r(s attivitye5 and 5eNice5 for it5 beneficiarie5. It includes both costs that can be allocated direcrty to such attivities and those cosrs of an IndIrt nature necessary to support them. 9Jpport costs are th()se that assist the work of the charfty but do not dire(dy represent charftable actimtfes and include Offi and governance costs. Governan costs include th)se incurred in the govemance of the charty bvhich are asstxlated with the consrltutlonal and Statutory rewirement& lel Tan8lble Flxed Assets Tangible fixed assets are stated at COSL less depreciation. Assets costlng less than £300 are not capitallsed. Deprecl3tion i% provided at the follong rate5 calculated to wrlte off the cost of fixed assets over thelr expetted useful lrfe'.- Plant and machlnery - IO% straight line (n Debtor¥ Trade and other debtors are 08n1$ed at the settiement amount. Cash at Bank Cash at bank and cash in hand includes cash and short tenn highly liquid investments wtth a short maturity of three months or less from the date of acqutsition or opening of the deposit or slmilar account. (gl Ihl Credlt4YS Creditors and prO510n5 a recogn15ed where the charity has a present obllgatlon resutting from a past eveni that wrill probabty 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 and provision5 are normalty recognlsed attheir settlement amount (o Flnanclal Instruments The charity only has finana31 assets and financial liabiif(ies of a kind that qualrfy as basic financial instruments. Basic financial instruments are Initialty recognised at transartirm value and subsequentty measured at their setdementvalue. (il Taxation The charlty Is an exempt tharity within the meaning of schedule 3 of the Charities Act 201 l and Is considered to pass tests set OLrt in Paragraph I Schedule 6 Flnance Att 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Page 8
deF 11 F datl to Fln stat ACCOUNTING POUCIES- contlnued Ikl Golng Concern The finantial statements have been prepared on a golng concern basis as the trustees belleve that no material uncertalnties exist. The trusrees have consldered the level of funds held and the expected level of income and expendlture for 12 months from authorisingthese financlal statements. The budgeted Income and expenditure Is SLrfficleni th the level of reserve5 for the charity to be able to continue as a going concem. Page 9
otes othe Ina Sta en DONATIONS AND LEGACIES Tgtal 2024 Total 2023 Restrlrted Unrestrirted Donations Sundry donations Accountsncy fee- donation in kind Just Gnrtng 137.304 1000 43.021 137.3Q4 113.763 2,000 28.673 43.021 181325 182.325 144,436 OTHER TRADING ACTIVITIES Total Totsl 2023 BkYkTie Ball Golf Day Auction Other 30,028 15,376 16.250 26.311 25.570 1,805 87.965 CHARITABLE AcllviTIES COSTS Dirert Support costs (See note 5) (See note S) 2024 Totals 2023 Totals 143.290 21.252 164.542 160.791 DIRECT & SUPPORT COSTS T¢)tal 2024 Rertrlcted Dlrect Charicable activities Holiday home Vnrestrlcted 2023 120.045 23.245 120.045 132.267 15,235 143.29D 143.290 147,502 Support Depreclation Sundries Govemance- accountancy Loss on disposal of assets ActIty Crjrovon 11.126 2.354 1000 5.772 11.1Z6 6.000 502 1,OC 5.772 21252 21.252 13.289 Page 10
The atl es eFI men FUNDRAISING cosrs 2024 2023 Black tle ban Other Golf day Great North Run / I OK/Total Warrior 27.351 1.914 7.3S1 21.323 23.962 4.507 6,665 11,386 57.939 46,520 TRUSTEEY REMUNEIIATION & BENEFITS No trusteeg expenses or remuneration were paid in theyear ended 31 December 2024. TANGIBLE FIXED ASSETS Plant & Machinery Tota COST At 1 January 2024 Additions Disposals 107,865 57.879 147.8701 107,865 57,879 147.8701 At 31 December 2024 117,874 117,874 DEPRECIATION At l January 2024 Charge for year Eliminated on disposal 16,786 If,126 1&377) 16.786 11,126 18.3771 At31 December 2024 19,535 19,535 MEf BOOK VALUE At 31 December 2024 98.339 98.339 At 31 December2023 91,078 91,078 MOVEMENT IN FIJNDS Balance B/fwd Incomlng Outydng Re50ur(es Resources Balance Clfvid Unrestrltted ftinds Unrestritted fiJnds- General fund Restritted funds 2¥794 260.096 (221481} 271409 Total funds (2214811 271409 Page 11
Th Fo tl ot th 10 ANALYSIS OF NEfASSEfs BETWEEN FUNDS Unrestrltted Re5trlrted Funds Funds Total TangTble Fixed Assets Current Assets Current abIlitIeS 98339 174070 103.758 174,070 272,4Q9 272A09 11 RELATED PARTY DISCLOSURES There were no related patytransattlons forthe year ended 31 December2024. Page 12