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2022-10-31-accounts

Charity registration number 1180629

Company registration number 11097224 (England and Wales)

NORTHEAST DISABILITIES RESOURCE CENTRE (N.D.R.C.) ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2022

NORTHEAST DISABILITIES RESOURCE CENTRE (N.D.R.C.)

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Mr BS Curran
Mr E Bell
Mr P Smith
Charity number 1180629
Company number 11097224
Registered office 4 Valiant Close
Sunderland
SR1 2BS
Accountants Robson Laidler Accountants Limited
Fernwood House
Fernwood Road
Jesmond
Newcastle Upon Tyne
Tyne and Wear
England
NE2 1TJ
Bankers National Westminster Bank Plc
52 Fawcett Street
Sunderland
Tyne and Wear
SR1 1SB

NORTHEAST DISABILITIES RESOURCE CENTRE (N.D.R.C.)

CONTENTS

Page
Trustees' report 1 - 4
Statement of financial activities 6
Balance sheet 7
Statement of cash flows 8
Notes to the financial statements 9 - 16

NORTHEAST DISABILITIES RESOURCE CENTRE (N.D.R.C.)

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 OCTOBER 2022

The trustees present their annual report and financial statements for the year ended 31 October 2022.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019).

Objectives and activities

The 'Objects' of the charity, as set out in our Articles of Association dated 5 December 2017 are:

  1. To promote the care and welfare of those with physical and/or learning disabilities with a particular emphasis on Cerebral Palsy, primarily, but not exclusively within Sunderland, by the provision of services, support and training for those individuals, including but not restricted to, services relating to healthcare, welfare, social interaction, medical assistance, education, employment, accommodation, advice and guidance.

  2. The advancement of education, training and awareness amongst the general public and related and relevant professionals, on the specialist needs, complex and diverse requirements of individuals with Cerebral Palsy, to enable a wider range of approaches and interventions to enhance service provision.

N.D.R.C. contracts its Day Care provision and its educational provision to South Tyneside, Durham and Sunderland local authorities.

We have increased our range of services by being the chosen care provider for Sunderland’s housings supported living bungalows situated at Valiant Close in Hendon Sunderland. We continue to offer Personal assistant' (P.A.) for people who wish to access the wider community.

Achievements and performance

On 30 November 2021 the trade, assets and liabilities were all transferred from the previous unincorporated charity Northeast Disabilities Resource Centre (Charity number 222675).

The charity offers day care, supported living and PA services for the people of Sunderland and surrounding areas. NDRC operates a day care centre named ‘The Valiant Centre’ in Hendon, Sunderland SR1 2BS. The charity offers transport to bring members to the centre and to take them home. Once at the centre the charity offers a caring and supportive environment where activities and entertainment are offered to help enable members and improve wellbeing.

Members have increased to 38 per week in the daycentre and are gradually growing. We opened our new day care centre to its members in February 2022. The centre has gradually seen sessions increase to 85 sessions per week which is well catered for in the bigger premises. Some of these sessions are delivered by tutors who provide enablement programmes and therapies sessions, staff also provide stimulating activities such as crafts and quizzes as well as accessing the local community. The building has all the latest technology to assist with sessions as well as having fun things to do such as sensory equipment.

The supported living service runs out of the centre and are registered with CQC. NDRC are providing support to 6 individuals to live in their own homes. The scheme is called ‘Valiant Close’. Staff support individuals with daily living and to maintain their tenancy with Sunderland council as the landlord. These bungalows are purpose built and fully accessible throughout with IT technology to support the individual to remain as independent as possible. Our qualified team of support workers are on site to provide care and support to both the members in the daycentre and the clients in the supported living scheme.

The government's Coronavirus Job Retention Scheme grants have enabled the charity to pay the ‘real living wage’ to the support staff.

There have been 4 trustees who can no longer commit to NDRC due to their own business commitments and have resigned in May 2022. NDRC would like to thank them for their support.

NORTHEAST DISABILITIES RESOURCE CENTRE (N.D.R.C.)

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2022

Public benefit

The trustees have reviewed the outcomes and achievements of our activities for the year to ensure they remain focused on our charitable aims and continue to deliver benefits to the public. We have complied with the duty under the Charities Act 2011 to have due regard to public benefit guidance published by the Commission.

Financial review

Total income for the year was £651,538 (2021: £nil), which includes £172,404 in donations relating to the transfer of trade assets and liabilities from the unincorporated charity. Total expenditure for the year was £502,560 (2021: £nil) leaving an overall surplus of £133,470 (2021: £nil).

It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The trustees consider that reserves at this level ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised.

Northeast Disabilities Resource Centre operates a reserve fund for the purpose of covering any negative financial implications that may affect the organisation. This includes:

The Trustees acknowledge that the organisation has experienced a restructuring of its service which has resulted in the organisations occupancy of rented premises belonging to the Local Authority of the City of Sunderland. NDRC have experienced issues which have impacted on the charity’s performance for example identified tenants not moving in due to a change in their needs, so this income source has been non-existent. We unfortunately have also had 2 tenants pass away and the time taken to re let the property has also had an impact on the building of reserves. The cost-of-living crisis has also had implications with increased electricity and petrol prices.

The Trustees agree that to maintain reserves at their agreed level the organisation will need:

This policy will be reviewed in line with our Quality Assurance System which requires Northeast Disabilities Resource Centre to review annually, or as when the need arises, all operational Policies and Procedures.

The charity held at the end of the period £133,470 (2021: £nil) in reserves, all of which are unrestricted funds.

Free reserves, excluding reserves used for fixed assets, designated or restricted purposes amounted to £47,710 (2021: £Nil) at the end of the year.

Risk Assessment

The Trustees have a duty to identify and review the risks to which the Charity is exposed. The trustees continually review the risks and systems which are in place to minimise them. Both external and internal risks are reviewed to ensure that they meet the needs of the charity.

NORTHEAST DISABILITIES RESOURCE CENTRE (N.D.R.C.)

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2022

Plans for future periods

We are looking forward to our official opening ceremony of the Day centre which is planned to take place in December 2022.

With the remaining 9 bungalows being signed off on the 31st October 2022, NDRC are looking forward to supporting new tenants move into their new homes.

With the remaining bungalows now being available for tenants to rent from Sunderland council NDRC can start providing the support. With this in mind NDRC should be in a more financially stable position, however, it will take time to build up the level of reserves to enable the charity to be in a more stable position. At the date of approving the financial statements there is uncertainty about the charity continuing as a going concern.

Moving forward we are looking at the appointment of new trustees in the coming months to support the existing trustees and building on the skills of the existing trustees and bring some diversity into the board.

We are also looking into the digitalisation of our supported living records NDRC believe that this is the future of the people we support having instant access to their care records.

The day care centre numbers have increased however this needs to continue and this requires further promotion of the services available.

We are in the process of building a completely new website which NDRC are very excited about, and we are also looking forward to the charity being 60 years old in 2024.

Structure, governance and management Governance and internal control

The company was incorporated on 5 December 2017, it is limited by guarantee and is governed by its memorandum and articles of association dated 5 December 2017. The company is a Registered Charity (Charity Number 1180629).

The unincorporated charity, Northeast Disabilities Resource Centre was founded in 1952 and first constituted as a charity in 1966 as the Sunderland Spastics Society. In 1994 its Constitution was amended to Sunderland and District Scope; registered number 222675, and in 2007 a further amendment to Northeast Disabilities Resource Centre (N.D.R.C). In 2021 the original charity (Charity Number 222675) transferred its assets, liabilities, and trade to become an incorporated charity (Company number 11097224).

Membership is open to all who have a genuine interest in N.D.R.C and upon payment of the membership fee

(currently £6.90 per annum) each member is entitled to one vote at meetings.

Decisions about the direction of the charity and all policy and other major decisions are made by the Executive Committee; members of which are nominated by the general membership and then elected by them at the Annual General Meeting. Occasionally a person may be co-opted onto the Executive Committee when deemed advantageous to the charity by the existing Executive members. Decisions regarding the day-to-day running, the management of staff, volunteers and general management are entrusted to the Centre Manager, Ms. Cordelia Rumley, who is responsible to and also reports to the Executive Committee.

Responsibility for the financial accounts of the charity is shared between all the members of the Executive Committee. For day-to-day purposes the Treasurer and Manager maintain a close scrutiny of all transactions, and do this in conjunction with the requirements of the management of N.D.R.C.

The Executive Committee keep in mind the Charity Commission’s guidance on public benefit.

NORTHEAST DISABILITIES RESOURCE CENTRE (N.D.R.C.)

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2022

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

Mrs PJ Breckon (Resigned 19 August 2022)
Mr BS Curran
Mr RA Atkinson (Resigned 19 August 2022)
Mr E Bell
Mr M Routledge (Resigned 19 August 2022)
Mr P Smith

New Trustees attend an Executive Committee meeting before they are appointed as a Trustee in order that they obtain an understanding of the internal processes of the charity as a whole together with an understanding of any ongoing issues which the Executive Committee are dealing with.

The skills of the existing Trustees are monitored on an ongoing basis and external training courses are provided where deemed appropriate.

Statement of trustees' responsibilities

The trustees, who are also the directors of Northeast Disabilities Resource Centre (N.D.R.C.) for the purpose of company law, are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company Law requires the trustees 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 charitable company for that year.

In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. 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.

The trustees' report was approved by the Board of Trustees.

Mr E Bell Trustee

21 July 2023

NORTHEAST DISABILITIES RESOURCE CENTRE (N.D.R.C.)

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF NORTHEAST DISABILITIES RESOURCE CENTRE (N.D.R.C.)

I report to the trustees on my examination of the financial statements of Northeast Disabilities Resource Centre (N.D.R.C.) (the charity) for the year ended 31 October 2022.

Responsibilities and basis of report

As the trustees of the charity (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 financial statements of the charity 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 financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable 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 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 that in any material respect:

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 financial statements to be reached.

Michael Moran FCA Robson Laidler Accountants Limited

Fernwood House Fernwood Road Jesmond Newcastle Upon Tyne Tyne and Wear NE2 1TJ England

Dated: 24 July 2023

NORTHEAST DISABILITIES RESOURCE CENTRE (N.D.R.C.)

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 OCTOBER 2022

Unrestricted Total
funds
2022 2021
Notes £ £
Income and endowments from:
Donations and legacies 2 175,010 -
Charitable activities 3 444,646 -
Other trading activities 4 11,832 -
Other income 5 20,050 -
Total income 651,538 -
Expenditure on:
Raising funds 6 11,042 -
Charitable activities 7 502,560 -
Other 11 4,466 -
Total expenditure 518,068 -
Net income for the year/
Net movement in funds 133,470 -
Fund balances at 1 November 2021 - -
Fund balances at 31 October 2022 133,470 -

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

NORTHEAST DISABILITIES RESOURCE CENTRE (N.D.R.C.)

BALANCE SHEET

AS AT 31 OCTOBER 2022

2022 2021
Notes £ £ £ £
Fixed assets
Tangible assets 13 85,760 -
Current assets
Debtors 14 39,840 -
Cash at bank and in hand 31,368 -
71,208 -
Creditors: amounts falling due within
one year 16 (23,498) -
Net current assets 47,710 -
Total assets less current liabilities 133,470 -
Income funds
Unrestricted funds 133,470 -
133,470 -

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 October 2022.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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.

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

The financial statements were approved by the Trustees on 21 July 2023

Mr E Bell Trustee

Company registration number 11097224

NORTHEAST DISABILITIES RESOURCE CENTRE (N.D.R.C.)

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 OCTOBER 2022

2022 2021
Notes £ £ £ £
Cash flows from operating activities
Cash generated from/(absorbed by) 18
operations 124,451 -
Investing activities
Purchase of tangible fixed assets (97,411) -
Net cash used in investing activities (97,411) -
Financing activities
Payment of obligations under finance leases 4,328 -
Net cash generated from/(used in)
financing activities 4,328 -
Net increase in cash and cash equivalents 31,368 -
Cash and cash equivalents at beginning of year - -
Cash and cash equivalents at end of year 31,368 -

NORTHEAST DISABILITIES RESOURCE CENTRE (N.D.R.C.)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2022

1 Accounting policies

Charity information

Northeast Disabilities Resource Centre (N.D.R.C.) is a private company limited by guarantee incorporated in England and Wales. The registered office is 4 Valiant Close, Sunderland, SR1 2BS.

1.1 Reporting period

The charity commenced trading on 30/11/2021 following the transfer of the trade, assets and liabilities from the unincorporated charity Northeast Disabilities Resource Centre, charity number 222675.

1.2 Accounting convention

The financial statements have been prepared in accordance with the charity's Memorandum and Articles, the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.3 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.4 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.

1.5 Income

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

NORTHEAST DISABILITIES RESOURCE CENTRE (N.D.R.C.)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2022

1 Accounting policies

(Continued)

1.6 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.

Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

1.7 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold land and buildings Term of lease Fixtures and fittings 25% reducing balance Motor vehicles 25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.8 Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.9 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.10 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

NORTHEAST DISABILITIES RESOURCE CENTRE (N.D.R.C.)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2022

1 Accounting policies

(Continued)

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.11 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.12 Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to net income/(expenditure) for the year so as to produce a constant periodic rate of interest on the remaining balance of the liability.

2 Donations and legacies

Unrestricted Total
funds
2022 2021
£ £
Donations and gifts 172,810 -
Sir John Priestman 2,200 -
175,010 -

£172,404 included within donations is in relation to the transfer of the trade, assets and liabilities from the unincorporated charity Northeast Disabilities Resource Centre.

NORTHEAST DISABILITIES RESOURCE CENTRE (N.D.R.C.)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2022

3 Charitable activities Charitable activities
Resource 2021
centre
2022
£ £
Resource Centre 444,646 -
4 Other trading activities
Unrestricted Total
funds
2022 2021
£ £
Holiday Lodge income 11,832 -
5 Other income
Unrestricted Total
funds
2022 2021
£ £
COVID funding 2,279 -
Living wage funding 17,771 -
20,050 -
6 Raising funds
Unrestricted Total
funds
2022 2021
£ £
Trading costs
Holiday Lodge expenses 7,354 -
Depreciation and impairment 3,688 -
Trading costs 11,042 -
11,042 -

NORTHEAST DISABILITIES RESOURCE CENTRE (N.D.R.C.)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2022

7 Charitable activities

Resource Resource Resource Resource Resource
Centre Centre
2022 2021
£ £
Staff costs 271,802 -
Rates & water 1,130 -
Insurance 2,582 -
Light & heat 17,988 -
Motor expenses 32,591 -
Exercise classes 1,512 -
Training 2,122 -
329,727 -
Share of support costs (see note 8) 158,385 -
Share of governance costs (see note 8) 14,448 -
502,560 -
Support costs
Support
Governance		 2022
costs costs
£ £ £
Staff costs 131,881 - 131,881
Depreciation 3,497 - 3,497
Telephone, postage & stationery 13,077 - 13,077
Sundries 5,351 - 5,351
Bank charges 124 - 124
Repairs & maintenance 2,312 - 2,312
Cleaning & laundry 1,188 - 1,188
Domicilliary 955 - 955
Accountancy - 4,990 4,990
Legal and professional - 8,806 8,806
Hire purchase interest - 652 652
158,385 14,448 172,833
Analysed between
Charitable activities 158,385 14,448 172,833

8 Support costs

NORTHEAST DISABILITIES RESOURCE CENTRE (N.D.R.C.)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2022

9 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.

There were no trustee's expenses paid for the period ended 31 October 2022.

10 Employees

The average monthly number of employees during the year was:

2022 2021
Number Number
Management and admin 7 -
Resource centre 22 -
Total 29 -
Employment costs 2022 2021
£ £
Wages and salaries 379,447 -
Social security costs 19,246 -
Other pension costs 4,990 -
403,683 -

Key management personnel received remuneration of £52,591 (2021: £nil).

There were no employees whose annual remuneration was more than £60,000.

11 Other

Unrestricted Total
funds
2022 2021
£ £
Net loss on disposal of tamgible fixed assets 4,466 -
4,466 -

12 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 Taxationof Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.

NORTHEAST DISABILITIES RESOURCE CENTRE (N.D.R.C.)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2022

13 Tangible fixed assets
Leasehold
Fixtures and
Motor vehicles		 Total
land and fittings
buildings
£ £ £ £
Cost
Additions 76,088 7,267 14,056 97,411
Disposals - - (4,466) (4,466)
At 31 October 2022 76,088 7,267 9,590 92,945
Depreciation and impairment
Depreciation charged in the year 3,321 1,667 2,197 7,185
At 31 October 2022 3,321 1,667 2,197 7,185
Carrying amount
At 31 October 2022 72,767 5,600 7,393 85,760
14 Debtors
2022 2021
Amounts falling due within one year: £ £
Trade debtors 11,377 -
Other debtors 5,338 -
Prepayments and accrued income 23,125 -
39,840 -
15 Finance lease commitments
Future minimum lease payments due under finance leases:
2022 2021
£ £
Within one year 1,925 -
Within two and five years 2,403 -
4,328 -

NORTHEAST DISABILITIES RESOURCE CENTRE (N.D.R.C.)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2022

16 Creditors: amounts falling due within one year
2022 2021
Notes £ £
Obligations under finance leases 15 4,328 -
Other taxation and social security 5,373 -
Trade creditors 2,480 -
Other creditors 1,730 -
Accruals and deferred income 9,587 -
23,498 -
17 Related party transactions
There were no disclosable related party transactions during the year (2021 - none).
18 Cash generated from operations 2022 2021
£ £
Surplus for the year 133,470 -
Adjustments for:
Loss on disposal of tangible fixed assets 4,466 -
Depreciation and impairment of tangible fixed assets 7,185 -
Movements in working capital:
(Increase) in debtors (39,840) -
Increase in creditors 19,170 -
Cash generated from/(absorbed by) operations 124,451 -
19 Analysis of changes in net funds/(debt)
At 1 November Cash flows At 31 October
2021 2022
£ £ £
Cash at bank and in hand - 31,368 31,368
Obligations under finance leases - (4,328) (4,328)
- 27,040 27,040