##
##
##
|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|
##
##
##
##
##
##
##
##
##
##
##
##