##
##
|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)|