2022-12-31-accounts - Sir John Priestman Charity Trust

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

Reference and Administrative	Reference and Administrative	Reference and Administrative	Details
Constitution
The Sir John Priestman		Charity	Trust is a charitable		trust governed	by its Trust Deed.	It is a registered
charity no. 209397.
Trustees
The Trustees who served during			the year	were:
T R P S Norton	(Chairman)
P W Taylor
T W Greenwell
J Majer
FNicholson
Offices
47John Street
Sunderland
Tyne and Wear
SRl 1QU
Accountants
Stephenson Coates Limited
West 2.Asama	Court
Newcastle Business Park
Newcastle upon	Tyne
NE4 7YD
Auditors
Armstrong Watson Audit Limited
One Strawberry	Lane
Newcastle upon	Tyne
NE1 4BX
Bankers
Weatherby's Private Bank
Sanders Road
Well ingborough
North ampton
NN8 4BX
Investment Advisors
RBC Brewin Dolphin
Time Central
Gallowgate
Newcastle upon	Tyne
NEI 4SR
Solicitors
McKenzie Bell
47John Street
Sunderland
Tyne and Wear
SR1 IQU
Operating area
The Trust's activities are		mainly	confmed	to the areas	ofthe former	counties ofDurham	and Yorkshire.

					Income	Capita/
				Notes	Fund	.4ceoutil	2022	202/
					f		f
INCOME FROW
Invesfmenls
Income from UK	investments				362,933		362„933	457,041
Income from foreign investments					134,259		134,259	93„034
IISI3C bank interest								13
Total income					497,192		497,192	550,088
EXPENDITURE O/Vt
Raising fitnds-
Investment management		costs			45,721		45,721	44,738
Cltari table actixi ties-
Grants payable in	furtherance
ofcharity's objectives					417,550		417,550	390,339
Support costs ofcharitable			activities	3	49,049		49.049	49,156
Total expenditure					512,320		512,320	484,233
iNet (expenditure)	/ income				(15,128)		(15,128)	65,855
Net (losses) / gains	on investments-
Realised (losses) /	gains	on sale of
fixed asset investments					(1.867)	(136.387)	(138,254)	26,441
Unrealised (losses)	/ gains on fixed asset
investments				4	(17,056)	(1,143,824)	(1,160,880)	2,285,806
Transfer between	funds
Net movement in	funds	in year			(34,051)	(1,280,211)	(1,314,262)	2,378,102
Total funds brought	forward				505,650	16,039,418	16,545„068	14,166,966
Total funds carried forward					471,599	14,759,207	15,230,806	16„545,068

			2022	202/
		Notes
F~ed assets
Investments		4	14,929,956	16,229,618
Current assets
Debtors			134	1,159
Short term deposits			12,810	6y060
Cash at bank			293,674	326b927
			306,618	334.146
Creditors: amounts	falling due within one year	6	(5,768)	(3,696)
Net current assets			300,850	330,450
Grants conditionally	payable			(15b000)
Net assets			15,230,806	16,545,068
Funds
Capital funds		8	14,759,207	16,039,418
Income funds	Unrestricted	8	471,599	505y650
Totalfunds			15,230,806	16.545.068

						2022	202I
					Notes
Cash flows from operating activities
Net cash usedin operating activities					10	(524,223)	(485,070)
Cash ilows from investing activities:
Dividends and interest from investments						497„192	550,088
Proceeds from sale ofinvestments						884,146	337,693
Purchase ofinvestments						(723,132)	(338,130)
Net cash provided by operating activities						658,206	549,651
Change in cash and cash equivalents	in the	reporting	period			133,983	64,581
Cash and cash equivalents at the beginning		ofthe reporting		period		407,559	342,978
Cash and cash equivalents at the end	ofthe	reporting	period			541,542	407,559
Analysis ofcash and cash equivalents
Cash at bank						293,674	326,927
Short term deposits						12,810	6,060
Long term deposits						235,058	74,572
Total cash and cash equivalents						541,542	407,559

Grants
Section 2 e Em lo ment and		avment of	nurses	2022
Alice House I-Iospice				7,500
Marie Curie Cancer Care				4,000
Teesside Hospice				5,000
				16,500
Section 2 I Charitable Or anisations				2022
Age UK Sunderland				4,000
Barnardos North East				2,000
Bethshan North East				2,000
Blind Veterans UK				5.000
Cancer Support UK				3.500
Centre for Health and Pastoral		Care		3.000
Child Brain Injury Trust				500
Chronicle Sunshine Fund				3,000
Church Army				1,500
City ofSunderland YMCA				2„200
Clergy Support Trust				1,500
Cleveland Youth Association				3,000
Clowns in the Sky				4,000
Community Foundation for the		High Sheriffs Fund Tyne &Wear		3,000
Crackerjack Children's Trust				750
DeafblindUK				4,000
Depaul UK				7,500
Derwenthaugh Boat Station				7,000
Dream Holidays				4,000
Durham Association ofBoys and Girls Clubs				7,500
Durham Cathedral Schools Foundation				2,000
Durham High School				4,700
Durham School Bursaries				2,000
Durham Scout County Council				2,700
Durham Wildlife Trust				1.500
Family Holiday Charity				2,000
Farringdon Detached Youth &		Community	Club	1,500
Friends ofBarbara Priestman	Academy			1„000
George Hudson's Charity				8„500
Go Kids Go				1,000
Happy Days				4,000

Heal 4 Toe Children's Charity	Heal 4 Toe Children's Charity	Heal 4 Toe Children's Charity			5,000
Independent Age					5,000
Innervation Trust Limited					1,400
Jane Gibson Almshouses					I '2,000
Lambton Street Youth Centre					3,300
Listening Books					3,000
Love, Amelia					10„000
MacMillan Cancer Support					3,000
More than Grandparents					6,500
Motor Neurone Disease Association					4,000
N.S.P.C.C Sunderland Branch					3,300
National Police Community		Trust			3,000
North East Disabilities Resource			Centre		2,200
North ol England District Boys			Brigade		2,000
Northern Counties Children's		Benevolent		Society	2,350
Northumbria Deaf Mission					3,000
NSPCC Bishop Auckland					3.300
Outward Bound Trust					10,000
PDSA Sunderland					3„300
Parkinson's UK					5„000
Pennywell Neighbourhood	Centre				6,000
Place28e					5,000
Prisoners Advice Service					2,000
Queen Street Heritage Trust					10,000
React					2,000
Re-engage					4.000
Royal Airforce Benevolent	Fund				3,000
Royal British Legion Poppy		Day Appeal			3.000
Royal National Lifeboat Institution —Sunderland					2,500
Salvation Army - Sunderland					2,700
Samaritans ofSunderland					2,200
Springwell Village Community			Venue		5,000
SSAFA Tyne and Wear					3,300
St Benedict's Hospice					10,000
StJohn's Ambulance					2,200
Sunderland Guild ofHelp					6,000
Sunderland Maritime Heritage					3.500
Sunderland North Division	Girl		Guides Association		2.700
Sunderland Scout Council					2.700
Sunderland South Division	Girl		Guides Association		2,700

Sunderland Women's Centre	Sunderland Women's Centre	Sunderland Women's Centre						2,000
Teapot Trust								2,000
The British Polio Fellowship			Sunderland					2,000
The Camphill Village Trust,		Botton						3,300
The Chorister Schoo 1								2.000
The Guide Association Durham								2.500
The Sunderland Orphanage		and Educational			Foundation			8.500
The Wildlife 8t Wetlands	Trust							1,850
Vision Learning Trust								3,000
Washington Riding Centre								1,500
Willow								2,000
Young Women's Trust								5 000
								306.950
Grants approved cancelled		in the year
Durham School Bursaries								(2,000)
								304,950
Section 2 1 Maintenance			ofChurches		and Church	Buildin	s	2022
Friends ofDurham Cathedral								4,000
Heighinton PCC								2,000
Holy Trinity Church								7,000
Hutton Magna PCC								8,000
Parish ofBensham and Teams								10,000
Parochial Church Council	ofCleasby							3,500
PCC StJohn the Divine								5,000
PCC ofKimblesworth								10,000
PCC ofSt Mark's Newby	New Buildings			Development
Fund								7,000
Shotton Parochial Church	Council							8,000
St Matthew's PCC								10„000
St Phillip k.StJames Project			Fund					10,000
Stockton Parish Church								6.000
Sunderland Minster								4,000
								94,500
Grant approved cancelled		in the year
PCC ofSt Mark's Newby	new Buildings			Development
Fund								(5,000)

	Return ofgrants	in year
	St Mary' s, Middleton							(8,000)
								81,500
	Section 2 2 Relief and Maintenance				ofCler	/Church	Officials and their families
								2022
	Bishop ol Durham's	Discretionary		Account				3,200
	Church ofEngland	Pensions Board						3,000
	Durham Diocesan	Board ofFinance						8.400
								14„600
	Total grants paid /	conditionally		payable				417,550
3.	Support costs ofcharitable		activities
							2022	2021
	Legal and professional fees						45,055	45,181
	Audit fees (for audit	services)					3,840	3,798
	Cost ofTrustees' meetings
	Bank charges						154	177
							49,049	49,156

Investments
			2022	202/
Quoted investments			14,694,898	16,155,046
Cash equivalents on deposit			235,058	74,572
			14,929,956	16,229.618
Qaoted invesrments
			2022	2021
Market value at I January	2022		16,155,046	13,842,362
Less Disposals based on	market value at I January 2022		(1,022,397)	(311,251)
Add Acquisitions at cost			723„132	338,130
Net unrealised (losses) / gains on revaluation		at 31 December 2022	(1,160,883)	2„285,806
Market value at 31 December 2022			14,694.898	16,155„046
Historical cost at 31 December 2022			6,473,086	6,112„806

Debtors
		2022	202/
		f
McKenzie	Bell	134	1,159
		134	1,159
Creditors
		2022	2021
Governance	costs accrual	3,768
Grants payable		2,000
		5,768	3,696

7.	Crants	conditionally payable	conditionally payable
								2022	202I
	Balance	at 1 January 2022						15,000	15,000
	Grants approved		but not paid during	the year					10,000
	Grants approved		in a prior year and paid during		the	year		(15,000)	(10,000)
	Balance	at 31 December 2022							15,000
8.	Analysis	ofnet	assets between funds
							Capital	lncon&e
							fiend	fitnd	Total
	Fund balances at		31 December 2022	are represented		by:
	Fixed asset investments						14,759,207	170,749	14,929,956
	Debtors							134	134
	Cash at bank and		short term deposits					306,484	306,484
	Creditors							(5,768)	(5,768)
	Deferred	grants
	Total net	assets					14,759,207	471,599	15,230,806
	.lnalysis	ofnet assets between funds		—previous	year
							Capital	lncotne
							fund	fund	Total
								f
	Fund balances at		31 December 2021	are represented		by:
	Fixed asset investments						16,039,418	190,200	16,229,618
	Debtors							1„159	1,159
	Cash at bank and		short term deposits					332.987	332.987
	Creditors							(3,696)	(3,696)
	Deferred	grants						(15,000)	(15,000)
	Total net	assets					16,039,418	505,650	16,545,068

		2022	202/
Net (expenditure) / income for thc reporting	period	(1,314„262)	2,378,102
Adjustments for:
Losses / (Gains) on investments		1,299,134	(2,312,247)
Dividends and interest from investments		(497,192)	(550.088)
Decrease / (Increase) in debtors		1,025	(981)
(Decrease) / Increase in creditors		(12,928)	144
Net cash used in operating activities		(524,223)	(485,070)