2021-03-31-accounts

Reference and Administrative Details	Reference and Administrative Details
Trustees' Report		2 to 14
Independent Auditors'	Report	15to18
Statement of Financial	Activities	19
Statement of Financial	Activities	20
Balance Sheet		21
Statement ofCash Flows		22
Notes to the Financial	Statements	23to 47

Trustees					J P Beime
					KCulverhouse
					P Collings
					G A Tiller
					A D Schofield
					E Ritchie
					R Cameron
					V M Keen
					N JEmmerson
					BAitken
					PA Cresswell
					A E Durrant (resigned			26	April 2021)
					J Stephenson (resigned 27 July 2020)
					I Ali (appointed	27 July 2020)
					R Higgins (appointed			7 July 2021)
Key Management		Personnel			JCross - Chief Executive Officer, J Riley - Operations Director,
					BHooper - Parks and			Allotments		Director,
					M Chapman - Enterprise				Director,
Principal	Office				Ouseburn Parks Visitors Centre
					Red Walk
					Jesmond Dane
					Newcastle upon	Tyne
					Tyne and Wear
					NE7 7BQ
					The charity is incorporated				in England		and Wales.
Company	Registration			Number	11533203
Charity Registration			Number		1182534
Solicitors					Womble Bond Dickinson
					St Ann's Wharf
					112Quayside
					Newcastle upon	Tyne
					NE1 3DX
Bankers					Handelsbanken
					Newcastle upon	Tyne
					Earl Grey House
					75/85 Grey Street
					Newcastle upon	Tyne
					NE1 6EF
Auditor					MHA Tait Walker
					Bulman House
					Regent Centre
					Gosforth
					Newcastle upon	Tyne
					NE3 3LS

Recognised	Gain	s	and	Losses)
							Unaudited
						Total	Total
				Unrestricted	Restricted	2021	2020
			Note	E	E	E	E
Income and Endowments			from:
Donations and legacies			3	101,551	93,182	194,733	172,445
Charitable activities			4	2,068,549		2,068,549	2,495,481
Other trading activities			5	3,615		3,615	50,831
Investment income			6	813		813	1,179
Other income			7	26,545	450,000	476,545	11,979
Total Income				2,201,073	543,182	2,744,255	2,731,915
Expenditure on:
Raising funds			8	(1,047)		(1,047)	(21,098)
Charitable activities Other expenditure Total Expenditure			9 10	(2,282,815) ~2,283,862	(36,780) ~36,780	(2,319,595) ~2,32D,642	(2,151,930) ~751.0DO ~(2.924,028
Net (expenditure)/income				(82,789)	506,402	423,613	(192,113)
Transfers between	funds			5,085	(5,085)
Other recognised	gains
and losses
Actuarial losses on defined benefit pension schemes				473,000)		~473.000	~77 000
Net movement in funds				(550,704)	501,317	(49,387)	(269,113)
Reconciliation of	funds
7 I If d 0 Dhff		0		~360 114	92 512	~267 602	1,511
T I If d I d	I	6	23	~910818	093029	~316989	~267602

Recognised	Gains	and Losse	s)
						Total
				Unrestricted	Restricted	2020
			Note	8	8	8
Income and Endowments		from:
Donations and legacies				56,475	115,970	172,445
Charitable activities				2,495,481		2,495,481
Other trading activities				50,831		50,831
Investment income				1,179		1,179
Other income				11,979		11,979
Total income				2,615,945	115,970	2,731,915
Expenditure on: Raising funds			8	(21,098)		(21,098)
Charitable activities Other expenditure			9 10	(2,057,430) ~753,000	(94,500)	(2,151,930) ~751,000
Total expenditure				2,829,528	94,500	2,924,028
Net (expenditure)/income				(213,583)	21,470	(192,113)
Transfers between	funds			10,019	(10,019)
Other recognised	gains and losses
Actuarial gains on schemes	defined	benefit pension		(77,000		~77, OQQ
Net movement in funds				(280,564)	11,451	(269,113)
Reconciliation of Total funds brought	funds forward			~79.550	81 061	1,511
Total funds carried	forward		23	~360.114	92,512	~267,602

Balance Sheet		as at 3		March 2021
						2021	2020
					Note	E	E
Fixed assets
Tangible assets					17	104,586	69,114
Investments					18	1	1
						104,587	69,115
Current assets
Debtors					19	292,315	556,779
Cash at bank and in hand						1,498,069	761,092
						1,790,384	1,317,871
Creditors: Amounts	falling due			within one year	20	~740,000	~70(,588
Net current assets						1,049,424	616,283
Net assets excluding		pension	liability			1,154,011	685,398
Pension scheme liability					22	~((,47(,000	953,000)
Net liabilities including		pension		liability		~316,989	267 602
Funds ofthe charity:
Restricted						593,829	92,512
Unrestricted income Unrestricted funds	funds					~910,818)	~360,114
Total funds					23	~316,989	~(267,6D2

Statement ofCash Flows for t	he Y	ear E	nded 3	1 March 20	21
				2021	2020
			Note	6	6
Cash flows from operating activities
Net cash expenditure				(49387)	(269113)
Adjustments to cash flows from non~ash	items
Depreciation			8, 10	22,702	6,203
Investment income			6	(813)	(1,179)
LGPS deficit on transfer					751,000
				(27,498)	486,911
Working capital adjustments
Decrease/(increase) in debtors			19	264,464	(511,324)
Increase in creditors			20	358,697	181,476
Decrease (increase) in retirement benefit obligation actuarial changes (Decrease)/increase in deferred income		net of	22	518,000 ~319,325	202,000 424,064
Net cash flows from operating activities				794,338	783,127
Cash flows from investing activities
Interest receivable and similar income Purchase oftangible fixed assets			6 17	813 ~59,374	1,179 ~75,317
Net cash flows from investing activities				(57,361)	(74,138)
Cash flows from financing activities Repayment of loans and borrowings			20		~19,000
Net increase in cash and cash equivalents				736,977	689,989
Cash and cash equivalents at 1 Apdil				761,092	71,103
Cash and cash equivalents at 31 March				1,498,069	761,092

estimated residual val	ue, over their expected useful	economic life as follows:
Asset class		Depreciation	method		and rate
ITequipment		3years straight		line
Office equipment		4years straight		line
Parks and allotments	fixtures and fittings	5years straight		line
Buildings fixtures and	fittings	5years straight		line

3 Income from donations and le	gacies
	Unrestricted
			Total	Total
	General	Restricted f	2021 6	2020
Donations from companies,
trusts and similar proceeds	25,150	24,132	49,282	56,475
Grants, including capital grants	56,681	69,050	125,731	115,970
Covid related grants	19,720		19,720
	101,551	93,182	194,733	172,445
			Total	Total
			2021	2020
			6
Food Nation				2,960
Heritage Lottery Fund - Walker Park			19,378	71,672
Leazes Park				20,000
Tree Planting Fund				1,338
Havannah Nature Reserve			3,000	20,000
Shop stock donated by NCC				14,748
Donations received by Pets Corner				38,221
Other donations received less than 51,000				3,506
Brandling Park Refurbishment			45,672
Hadrian Trust			1,000
Jesmond Dene Appeal			1,068
Heaton Park Playground			23,064
General unrestricted donations			25,150
General unrestricted grants			25,050
Covid related grants			19,720
CJRS income (furlough)			31,631
			194,733	172,445

Income	fr	om charitable activities
			Unrestricted
			funds	Total
			General	2021
				E
Contribution		Agreement	1,707,174	1,707,174
Property	Income		361,375	361,375
			2,068,549	2,068,549
			Unrestricted
			funds	Total
			General	2020
			E	E
Contribution		Agreement	2,012,852	2,012,852
Property	Income		482,629	482,629
			2,495,481	2,495,481

		Unrestricted
			Total	Total
		General	2021	2020
		E	E	E
Events income				26,710
Retail income		1,715	1,715	24,121
Sponsorship	income	1,900	1,900
		3,615	3,615	50,831

			Unrestricted
			funds	Total	Total
			General	2021	2020
			8	6	6
Fundraising	trading costs;
Fundraising			289	289
Costs of trading		activities	758	758	21,098
			1,047	1,047	21,098

		Unrestricted
				Total	Total
		General	Restricted	2021	2020
		E	6	6
Marketing and publicity		9,830	1,890	11,720	114,492
Sundry expenses		46,025	66	46,091	23,553
Vehicles and other travel and
subsistence	expenses	22,032	59	22,091	35,364
Wages and	salaries	822,251	17,676	839,927	663,191
Governance	costs	36,334		36,334	37,883
Employers	Nl	71,944	1,603	73,547	52,275
Employers	pensions	94,386	390	94,776	213,642
Property costs		243,537	2,210	245,747	163,120
VAT advice	and ITsupport	1,800		1,800	13,089
Legal and professional		149,059		149,059	181,577
Direct expenses		785,617	12,886	798,503	653,744
		2,282,815	36,780	2,319,595	2,151,930

		Activity undertaken directly	Activity support costs	Total 2021	Total 2020
				E
Direct costs		1,723,448		1,723,448	1,419,893
Support costs			559,367	559,367	694,154
Governance	costs		36,334	36,334	37,883
		1,723,448	595,701	2,319,149	2,151,930

10Other expenditure	10Other expenditure
		Total	Total
		2021	2020
		F	8
LGPS pension	deficit transferred		751,000
			751,000

11Analysis ofgovernance and supp	11Analysis ofgovernance and supp	11Analysis ofgovernance and supp	ort costs
Support costs allocated to charitable			activities Governance	Support	Total	Total
			costs	COStS	2021	2020
			E	E		E
Advertising and Marketing costs				6,159	6,159	111,657
Premises costs			289	14,201	14,490	5,015
Travel and Subsistence				(1,553)	(1,553)	11,231
Telephone, internet costs	and	computer		43,025	43,025	11,231
Office costs				33,623	33,623	12,114
Insurance				92,025	92,025	63,218
Staff costs			24,962	302,013	326,975	328,151
Legal and professional		costs	11,083	51,484	62,567	46,988
Support services				18,390	18,390	142,432
			36,334	559,367	595,701	732,037

Governance cos	ts
			Unrestricted
			funds	Total	Total
			General	2021	2020
				6
Staff costs
Wages and salaries			22,130	22,130	22,	130
Social security	costs		2,569	2,569	2,589
Pension costs			263	263		380
Audit fees
Audit ofthe financial		statements	5,250	5,250	7,750
Other fees paid	to auditors					509
Legal fees Other governance	costs		5,833 290	5,833 290	4,190 335
			36,335	36,335	37,883

12Net incoming/outgoing	12Net incoming/outgoing	resources
Net incoming/(outgoing) resources for the year include:
			2021	2020
			r.	6
Audit fees			5,250	7,750
Other nonwudit	services			509
Depreciation of	fixed assets		22,702	6,203
LGPS pension	liability transferred			751,000

14Staff costs The aggregate payroll costs were as follows:
	2021	2020
Staff costs during the year were:
Wages and salaries	862,057	685,321
Social security costs	76,116	54,864
Pension costs	95,039	214,022
LGPS deficit transfer		751,000
	1,033,212	1,705,207

charity during the year exp	ressed as full time	equivalents was as follo	ws:
			2021		2020
			No		No
Management				4		4
Parks and Allotments				13		13
Enterprise Operations				5 4		1 2
				26		20
The number ofemployees	whose emoluments	fell within the following	bands was:
			2021		2020
			No		No

17Tangible fixed a	ssets
			Parks and
	Building		allotments
	fixtures and fittings 6	Computer equipment 8	fixtures & fittings 6	Office eqmpment f	Total
Cost
At 1 April 2020	16,729	22,995	31,773	3,820	75,317
Additions	28,229	16,778	9,925	3,242	58,174
At 31 March 2021	44,958	39,773	41,698	7,062	133,491
Depreciation
At 1 April 2020	1,235	2,571	1,912	485	6,203
Charge for the year	4,359	10,391	6,355	1,597	22,702
At 31 March 2021	5,594	12,962	8,267	2,082	28,905
Net book value
At 31 March 2021	39,364	26,811	33,431	4,980	104,586
At 31 March 2020	15,494	20,424	29,861	3,335	69,114

18Fixed asset investments	18Fixed asset investments
				2021		2020
Shares	in group undertakings	and participating	interests		1		1

Shares in group undertakings and participa	ting interests
	Subsidiary
	undertakings		Total
			8
Cost
At 1 April 2020
At 31 March 2021
Net book value
At 31 March 2021		1		1
At 31 March 2020		1		1

19Debtors
	2021	2020
	8	f.
Trade debtors	142,083	422,005
Prepayments	11,386	6,517
Accrued income	138,844	91,672
Other debtors	2	36585
	292,315	556,779

20Creditors:	amounts falling due within one year
		2021	2020
		6
Trade creditors		260,926	34,699
Other taxation	and social security	23,338	17,506
VAT		126,352	104,329
Other creditors		9,707	14,915
Accruals		215,898	106,075
Deferred income		104,739	424,064
		740,960	701,588

			2021	2020
			6	F
Deferred	income at 1 April 2020		424,064
Resources deferred in the period Amounts released from previous		periods	104,739 ~424, 064	424,064
Deferred	income at year end		104,739	424,064

Total future minimum lease payments under non-ca	ncellable operating leases are as foll	ows:
	2021	2020
	E	E
Other
Within one year	16,218	14,504
Between one and five years	17,607	25,914
	33,825	40,418

The amounts recognised	in the statement offinancial po	sition are as follows:
		2021	2020
			E
Fair value ofscheme assets Present value ofdefined benefit obligation		1,818,000 ~3,200„000	1,461,000 ~12,434,000
Defined benefit pension	scheme deficit	~1,431,000	~953,000

Changes	in th	e defined benefit obligation are as follows:
			2021
Present	value	at start ofyear	2,414,000
Current	service cost		60,000
Interest	cost		56,000
Actuarial	gains	and losses	760,000
Benefits paid Contributions		by scheme participants	(12,000) 11,000
Present	value	at end ofyear	3,289,000

Fair value ofscheme assets Changes in the fair value of scheme assets are as follows:
	2021
Fair value at start ofyear	1,461,000
Interest income	34,000
Actuarial gains and losses	287,000
Employer contributions	37,000
Contributions by scheme participants Benefits paid	11,000 ~12,000)
Fair value at end ofyear	1,818,000

Analysis The major	ofassets categories of scheme assets are as foll	ows:
		2021		2020
		0/0
Cash and	cash equivalents		4		2
Equity instruments			55		55
Government bonds			2		4
Property			8		9
Corporate Other	bonds		20 11		15 15
			100		100

Return	on	scheme	assets
				2021	2020
				e	r.
Return	on	scheme	assets	321,000	(42,000)

The principal actuarial	assu	mp	tions	at the statement offinancia	l position date are as foll	ows:
					2021	2020
					4/4	'/
Pension accounts revaluation			rate		2.70	1.90
Discount rate					2.10	2.30
Future salary increases					4.20	3.40
Future pension increases Inflation					2.70 2.711	1.90 1.50
Post retimment mortality		assumptions
					2021	2020
					Years	Years
Current UK pensioners Current UK pensioners	at at	retirement retirement		age - male age - female	21.90 25.10	21.80 25.00

23 Funds
	Balance at				Balance at
	1 April 2020	Incoming resources	Resources expended	Transfers	31 March 2021
	6
Unrestricted
General
General Unrestricted
Fund	(784,037)	1,631,073	(1,952,878)	994,458	(111,384)
Designated
Backlog Maintenance	423,923	570,000	(285,984)	(36,373)	671,566
Pension	423,923	070,000	(518,000) ~803,984	(953,000) ~989,373	(1,471,000) ~799434,
Total Unrestricted	)360,114)	2 2111,073	~2,708,862)	~,085	~010,010
Restricted
Northumbrian Water
Limited	49,500		(15,540)		33,960
Food Nation	1,674		(299)		1,375
Heritage Lottery Fund-
Walker Park		19,378	(19,378)
Leazes Park	20,000				20,000
Tree Planting Fund	1,338				1,338
Havannah Nature
Reserve	20,000	3,000			23,000
Fishermans Lodge		450,000			450,000
Heaton Park Playground		23,064	(1,528)	(5,085)	16,451
Jesmond Dene Appeal		1,068	(35)		1,033
Hadrian Trust		1,000			1,000
Brandling Park Refurbishment Total restricted	92,512	45,672 543,182	~36,780	~5,085	45,672 593,829
Total funds	~267,602)	2,744,255	~2,793,642		~316,989

						Total funds
			Unrestricted	funds	Restricted	at 31 March
			General	Designated	funds	2021
			E	E	E	E
Tangible	fixed assets		104,586			104,586
Fixed asset investments			1			1
Current	assets		524,989	671,566	593,829	1,790,384
Current liabilities Pension scheme Total net assets		liability	(740,960) (111,384)	~1.471,000 ~(799 434	593,829	(740,960) ~(,47(.000 ~316,989)
			Unrestricted
						Totalfunds
						at 31 March
			General	Designated	Restricted	2020
			E	E	F	E
Tangible	fixed assets		69,114			69,114
Fixed asset investments			1			1
Current	assets		801,436	423,923	92,512	1,317,871
Current liabilities Pension scheme Total net assets		liability	(701,588) ~953,D00 ~784,037	423.923	92,612	(701,588) ~953,000 ~297602

25Analysis of ne	t funds
		At 1 April	Financing	At 31 March
		2020	cash flows	2021
		E	E	E
Cash at bank and	in hand	761,092	736,977	1,498,069
Net debt		761,092	736,977	1,498,069
		At 1 April	Financing	At 31 March
		2019	cash flows	2020
		E		E
Cash at bank and	in hand	71,103	689,989	761,092
Net debt		71,103	689,989	761,092