Love Dunston Registered Charity No. 1204373 Financial Statements Financial Period to 30 August 2024
Legal and Administrative Information Name.. Love Dunston Charty No.. 1204373 Trustees: Councillor Dorothy Bumett Councillor Brenda Clelland Allison Thompson Councilk)r Gary Ha Deborah Bell Molty Sendall Andrew Smtth Christopher Folwell Chair Address.. Collingwood Terrace Dunston Gateshead NE119DU Independent Examiner.. Mark Thompson MAAT 42 Lesbury Road Newcastle upon Tyne NE6 5LB
Lov• DuMton Mang•m•nt Commltt•• R•port For th? Porlod End 30 Augu$t 2024 2023124 ha8 been a year of trernerKI(NJs athievements for Love Dunslon. and has seen the group progress from vthat s a simple out-reach group based in thjnstC Community Centre. organising litter picks, environmental improvements. the annual ¢)munty fair and a small evening Yth offer. into a property registere(I chanty managing a building. a yOLrth proiect and a £100.1x budget Earty in 2023. Love Dunston. vK)rt(ing in pattrership with a food bank offer. ran tAw) evening youth groups wrth fvnding from the Police and Crime CommissirThr and English Heritsge. When the food bank collapsed. Love Dunston stepped in to manage the budding and Tnlee$. avrdre of needs halighted by the evenino youth groups. quickty realised the polentsl for the devefopment of a Y project vknich ¥Uld not onty offer safe, vrdrm sPe in %thich young pe(wle coukl meet and socialise, pathpate in aCtrt vthich wouh build self-corffidence. develop SOfAal skills and LxAd resillence Charitable status vrds gTrnted to Love Dunston in June aThJ enabled Trustees to expk)re larger fvnding pots and V Yre delighted to be aarded a substantial sum from National Lottery at the end 012023 vthfjch all01d us to begin the devebpmenl of a holistic youlh projt- Ihe Ounston Drop In- would not onty offer young peop a sale p lo slaIl$e arKI enjoy fijn actpiibes tArt eId also promote and susta mental weEI-being and offer a supwrt scaffokl of ad.. lrfe skJ"IL8 and thal edUCatn. We bdieve that every young person deserves to enjoy thr INes and reach their full potenlial but some young people face huge barrieTS- the Drop In seeks to lever that fiekl by OffIng the (pportunit to overcome those ¢h3llenges and thrive Effective governarKe has been key and Trust have devewd a r(A)ust set FN)licies and procedures to support the youth pKoje(a together wth r¥wrous accountancy PraCte$. Love Dunston also continued wilh ils usual communty prCie(as-t run several Sussful communty iter picks and, of ccyjrse, the amual Dunston Communrty Fa arKi Chrthas Luhts across Dunston and Teams. We've worked in partnehIP wth many other lcd communty groups, leaming from each other workn.ng to the L*nefft of our hxal communibe$ Approv•d by: Slgned". Brenda Cleland Secretary O¢tober 2024
INDEPEMDENT EXAIIINER'S REPORT R•port to tho Love Dunston On accounts for th• year •nd•d 30 August 2024 Charfty no 1204373 R•sp•ctlv• The ITUStees of Ihe organisation are responsibte for the preparation of ponslbllltles of acCnts." they cowder that an audit is Th)t required for this year under trustees and section 144(2) ofthe Chanks Acl 2011 that an Independent •xamlnor Examinat¥)n is needed. It is my respon&bilrty to • examine Ihe aCunts (under section 145 of the 2011 Acti. • follow proce(lures dovm in Ihe General Directions given by the Chanty Commission (under sectv)n 145{5)(bl of the Act), and • state ¥thether pthlar mattw3 have ¢tyne to my attention. Basls of My examinalion was Caled in General Directions Indopond•nt given by the Charrty ComMissners. An examination dUdeS a review of examlnefs the accounting records kept by the charity and a comparison of the statsment acccMJnts presented those records. It also indudes consideratson of any unusual rtems or disdosures in the ac(ounts. and seeking expknabJns from the Itustees ¢orttrning any such matters. The procedures undertaken do not pyomde all the wdence that Uld be required in an aud¢ and consequently I do fb)t express an audit opinion on the acCjnts. Independent In the course of my examination. no matter has me to my attention.. •xamln•fs 1. vknich gives me reasonable cause lo believe that in. any material statem•nt respec( the trustees have not met the requirements lo erUre that.. • woper accoting records are kept lin aOrdar V4Tth section 130 of the Act}". and • accounts are prepared agree *ith the accwnting records arKI ¢(PIY wth the acccNJntsng reqLbirements of the Act", or 2. to vknich, in my 0.niOn. attentiorb shoukl be drawn in order to enable a proper understaThling of the acry)unts to reached. Signed: Dato: S N0Mbr 2024 Nam•: Mark Thompson MAAT Address: 42 Lesbury Road NetaSt NE6 5LB
Love Dunston 8tat•m•nt fo Flnanclal AGtiviti•s. p•Tiod •nding 30 August 2024 Total Funds 2024 Funds 2024 Funds R•c•lpts Tnsfer in from unInrporated As9xaattc Donations Grants Rent Other Income 22512 407 22512 407 93527 4150 93527 4150 80 Total R•c•lpts 27149 93627 120676 Paym•nts Youth Workers Activity Costs Rent Office Equipment General Office Costs Ub'lities Insuran Telephone & Intemet Accountancy Bank Charges 6002 51749 3030 3350 2399 885 180 277 136 250 18 57751 4098 5055 2399 1777 467 749 136 250 72 1705 287 472 Total Payments Surplus I deficiifor the year 10480 62274 72764 31253 47922 Funds at 30 August 2024 166 31263 47922
Love Dunston Balanc• Sh••t at 30 August 2024 Aug 2024 Currnnt Assgts: Cash at Bank 47922 47922 Not Curr•nt Assets at 30 Au1 2024 47922 UnTeslricted Funds Restrted Funds 1e669 31253 Total Funds 47922 The finanaal slatemwts wwa apwov&J ty the fOlklINj m8mbers oflhe Man&3ement Committ00 .' &gned.................................... &gned.......................
Notss to the finan¢ial stat¢m¢nts ft•r the year •nd•d 30 August 2024 1 Accounttng Poll¢loS 1.1 Basls of preparati¢)n ola¢counts The finanaal statements have been prepared in aixordance ¥•ith Accounting arKI Rewting by Chanb"es'. Statement of Recommended Practi applicable to chanb"e8 preparing the¥ accounts in aordanCe the FInanC Reports"rKJ Standard appliCe in the UK and RepubliG of Ir81 (FRS 102) (effective 1 January 2015)- Charilies SORP {FRS 1021. the FThnGial Repthng Standard appficaNe in the UK and Republic of Ireland IFRS 102) aTrJ the Cunpanies Act 2006 Love Dunston meets the definiiion ofa publK benefft entity under FRS 102. Asseys and liats'lities are inilialty retr)gnised at IN"storioal c%)st or transacknn value unless othervI8e stated in the reievant accounting policy rwsl. Log41 Stal The organisation bpAame a Registe ch no 1204373 {CIO} on 16th August 2023. This financiaj perKxl covers 16th August 2023 to 30th August 2024. Funds from tt)e prewous UnincorF¥)rated Assoc4atl Ere tsansfeffed to the rwicharly at the stsrt of the financia period staff and Fmlance Worke No staff are employed directty the Charrty. camed out by by Te1e[s. Toa amount paKI for fredance £65.898. Grnnts Ro1¥•d Nats"onal Lottery Northumbria Pol¥* PCC Gateshead Council Gateshead Coun(al Gateshead Council Netherton Pa Communty Foundation IHAF) CommLFnty Foundation IHAF) UFSPF (Communty Foundation } Dunston Family Church (Xmas ghts) Glen Park (Xmas Lights) Gateshead Council Ixmas ghts) Total Grants Recelved 65292 1729 1000 1729 7320 500 2060 8989 156 156 156 93527 Balance Incom• Exp•ndlknr• Aug 2024 R•6trlcted Fund¥ Nth"onal Lottery Northumbna Police PCC Gateshead Council Gateshead Counc41 Netherton Par Communty Foundation IHAF) Communty Foundation IHAF) UFSPF Icommunty FourKlalkJn ) Dunston Famity Church (Xmas Lights) Glen Park (Xmas LKJhtsl Gateshead Council Gateshead CouncAI Total 65292 43073 37 1729 22219 740 1729 1000 7320 500 2060 8989 156 4270 3050 3745 156 5244 1729 93527 1729 62274 31253