## **Trustees' Annual Report for the period**
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Period start date Period end date
01 08 2021 31 07 2022
From To
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## Section A Reference and administration details
**Charity name** Prudhoe Street Mission **Other names charity is known by Registered charity number (if any)** 247487
|**red charity number (if any)**|247487|
|---|---|
|**Charity's principal address**|C/o Brunswick Methodist Church|
||Brunswick Place|
||Newcastle upon Tyne|
||**Postcode**
NE1 7BJ|
## **Names of the charity trustees who manage the charity**
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Dates acted if not for whole Name of person (or body) entitled
Trustee name Office (if any)
year to appoint trustee (if any)
1 Mrs M.B. Leighton
2 Mr D.A. Stabler
3 Mrs L Jacobs Chair
4 Mr T. Leighton
5 Mr A.G. Nicholson
6 Mrs L.F. Nicholson
7
8
9
10
11
12
13
14
15
16
17
18
19
20
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## **Names of the trustees for the charity, if any, (for example, any custodian trustees)**
**Name Dates acted if not for whole year**
**TAR**
**November 2019**
1
## **Names and addresses of advisers (Optional information)**
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Type of adviser Name Address
Accountant Ryecroft Glenton 32 Portland Terrace, Newcastle upon Tyne, NE2 1QP
Banker Lloyds Bank 102 Grey Street, Newcastle upon Tyne, NE99 1SL
Investment Manager Brewin Dolphin Time Central, Gallowgate, Newcastle upon Tyne NE1
4SR
**----- End of picture text -----**
## **Name of chief executive or names of senior staff members (Optional information)**
## **Section B Structure, governance and management**
## **Description of the charity’s trusts**
Conveyance dated 3 May 1920, amended by Scheme 7 December 2000 Type of governing document (eg. trust deed, constitution) How the charity is constituted
- (eg. trust, association, company)
Trustees are appointed or reappointed annually at the Annual General Trustee selection methods Meeting held in October each year. (eg. appointed by, elected by)
## **Additional governance issues (Optional information)**
You **may choose** to include additional information, where relevant, about:
- policies and procedures adopted for the induction and training of trustees;
- the charity’s organisational structure and any wider network with which the charity works;
- relationship with any related parties;
- trustees’ consideration of major risks and the system and procedures to manage them.
## **Section C**
## **Objectives and activities**
Evangelistic un-denominational religious and moral and social work for children and adults.
**Summary of the objects of the charity set out in its governing document**
**TAR**
**November 2019**
2
The main activities of the Mission are:
- a. To provide a place for Divine worship;
- b. To impact religious or other instruction;
- c. To enable meetings for the furtherance of any religious charitable or benevolent purpose;
- d. To provide schools for education of the poor of Newcastle upon Tyne, whether children or adults;
- e. To provide a residence for the pastors in connection with the mission;
**Summary of the main activities undertaken for the public benefit in relation to these objects (include within this section the statutory declaration that trustees have had regard to the guidance issued by the Charity Commission on public benefit)**
- f. For the provision of food for the poor;
- g. For other purposes not inconsistent with tending to the benefit of the moral, social or intellectual support of any person.
## **Additional details of objectives and activities (Optional information)**
You **may choose** to include further statements, where relevant, about:
- policy on grantmaking;
- policy programme related investment;
- contribution made by volunteers.
**TAR**
**November 2019**
3
## Section D Achievements and performance
## **Summary of the main achievements of the charity during the year**
The charity sold the mission building a few years ago, the capital proceeds together with the cash reserves are actively managed by advisors Brewin Dolphin on the basis of total return with the aim to provide income of circa 3% (achieved in 2022: 2.75%). The trustees reviewed the income and growth of the fund and were satisfied with the results, the trustees also considered the risks that the charity has and consider that these are minimal.
The charity continues to own a manse which is the retirement home of the former pastors. The income is used towards grants to support Churches, primarily to contribute towards major repairs to premises and help pay for youth work.
The Foundation helped the undernoted charities and projects and received reports from most of the organisations that received awards:
- M.I.N.E. £5,600
- St Luke’s Methodist £2,000
- The Cedarwood Trust £2,000
- West End Food Bank £1,000
- Mary & Martha Trust £1,000
- Walker & District Food Bank £2,000
- Bay Food Bank £2,000
- The People’s Kitchen £3,000
- Action for Children £1,000
- Denewell URC £3,500
- Cromer Avenue URC £2,500
- Trinity Christion Community Centre £2,000
**TAR**
**November 2019**
4
## **Section E Financial review**
**Brief statement of the charity’s policy on reserves**
The Mission Trustees wish to maintain reserves to provide income to maintain the Pastor’s home, give grants and fulfil the aims, maintaining the capital in real terms taking inflation into account.
**Details of any funds materially in deficit**
No fund in deficit.
## **Further financial review details (Optional information)**
You **may choose** to include additional information, where relevant about:
- the charity’s principal sources of funds (including any fundraising);
- how expenditure has supported the key objectives of the charity;
- investment policy and objectives including any ethical investment policy adopted.
## **Section F**
## **Other optional information**
## **Section G Declaration**
**The trustees declare that they have approved the trustees’ report above.**
**Signed on behalf of the charity’s trustees**
## **Signature(s)**
**Full name(s)** Mrs Lynn Jacobs
**Position (eg Secretary, Chair,** Chair **etc)**
**Date**
**TAR**
**November 2019**
5
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Charity Name No (if any)
Prudhoe Street Mission 247487
Receipts and payments accounts CC16a
For the period Period start date Period end date
To
from 01/08/2021 31/07/2022
Section A Receipts and payments
Unrestricted Restricted Endowment
Total funds Last year
funds funds funds
to the nearest £ to the nearest £ to the nearest £ to the nearest £ to the nearest £
A1 Receipts
Donations 245 - - 245 190
Property income 4,164 - - 4,164 4,164
Investment income 58,167 - - 58,167 51,584
Interest received 190 - - 190 200
- - - - -
- - - - -
- - - - -
- - - - -
Sub total (Gross income for
AR) [ 62,766 ] - - 62,766 56,138
A2 Asset and investment sales,
(see table).
- - - -
- - - - -
Sub total - - - - -
Total receipts 62,766 - - 62,766 56,138
A3 Payments
Property expenses 1,611 - - 1,611 1,187
General expenses 560 - - 560 312
Grants made 27,600 - - 27,600 43,820
Investment management fees 12,280 - - 12,280 11,078
Accountancy 720 - - 720 1,378
- - - - -
- - - - -
- - - - -
- - - - -
Sub total [ 42,771 ] - - 42,771 57,775
A4 Asset and investment
purchases, (see table)
- - - -
- - - -
Sub total [ - ] - - - -
Total payments 42,771 - - 42,771 57,775
Net of receipts/(payments) 19,995 - - 19,995 (1,637)
A5 Transfers between funds - - - - -
A6 Cash funds last year end 53,968 - - 53,968 55,605
Cash funds this year end 73,963 - - 73,963 53,968
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1
## **Section B Statement of assets and liabilities at the end of the period**
|**Categories**
Signed by one or two trustees on
behalf of all the trustees
**B5 Liabilities**
**B3 Investment assets**
**B2 Other monetary assets**
**B4 Assets retained for the**
**charity’s own use**
**B1 Cash funds**|**Details**
Brewin Dolphin Investment Portfolio
**Details**
**_Total cash funds_**
(agree balances with receipts and payments
account(s))
Lloyds current account
Epworth Cash Plus Fund
Brewin Dolphin
**Details**
**Details**
**Details**
Signature|**Unrestricted**
**funds**
**to nearest £**
**6,401**
**40,596**
**26,966**|**Restricted**
**funds**
**to nearest £**|**Endowment**
**funds**
**to nearest £**
**-**
**-**
**-**|
|---|---|---|---|---|
||||**-**
**-**
**-**||
|||**73,963**
**-**
OK
OK
**Unrestricted**
**funds**
**Restricted**
**funds**
**to nearest £**
**to nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**Fund to which**
**asset belongs**
**Cost (optional)**
**1,298,710**
**-**
**-**
**-**
**-**
**Fund to which**
**asset belongs**
**Cost (optional)**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**Fund to which**
**liability relates**
**Amount due**
**(optional)**
**-**
**-**
**-**
**-**
**-**
Print Name
Lynn Jacobs||**-**|
|||||OK|
|||||**Endowment**
**funds**
**to nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**Current value**
**(optional)**
**1,839,620**
**-**
**-**
**-**
**-**
**Current value**
**(optional)**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**When due**
**(optional)**
Date of
approval|
2
## **Trustees' Annual Report for the period**
**----- Start of picture text -----**
Period start date Period end date
01 08 2021 31 07 2022
From To
**----- End of picture text -----**
## Section A Reference and administration details
**Charity name** Prudhoe Street Mission **Other names charity is known by Registered charity number (if any)** 247487
|**red charity number (if any)**|247487|
|---|---|
|**Charity's principal address**|C/o Brunswick Methodist Church|
||Brunswick Place|
||Newcastle upon Tyne|
||**Postcode**
NE1 7BJ|
## **Names of the charity trustees who manage the charity**
**----- Start of picture text -----**
Dates acted if not for whole Name of person (or body) entitled
Trustee name Office (if any)
year to appoint trustee (if any)
1 Mrs M.B. Leighton
2 Mr D.A. Stabler
3 Mrs L Jacobs Chair
4 Mr T. Leighton
5 Mr A.G. Nicholson
6 Mrs L.F. Nicholson
7
8
9
10
11
12
13
14
15
16
17
18
19
20
**----- End of picture text -----**
## **Names of the trustees for the charity, if any, (for example, any custodian trustees)**
**Name Dates acted if not for whole year**
**TAR**
**November 2019**
1
## **Names and addresses of advisers (Optional information)**
**----- Start of picture text -----**
Type of adviser Name Address
Accountant Ryecroft Glenton 32 Portland Terrace, Newcastle upon Tyne, NE2 1QP
Banker Lloyds Bank 102 Grey Street, Newcastle upon Tyne, NE99 1SL
Investment Manager Brewin Dolphin Time Central, Gallowgate, Newcastle upon Tyne NE1
4SR
**----- End of picture text -----**
## **Name of chief executive or names of senior staff members (Optional information)**
## **Section B Structure, governance and management**
## **Description of the charity’s trusts**
Conveyance dated 3 May 1920, amended by Scheme 7 December 2000 Type of governing document (eg. trust deed, constitution) How the charity is constituted
- (eg. trust, association, company)
Trustees are appointed or reappointed annually at the Annual General Trustee selection methods Meeting held in October each year. (eg. appointed by, elected by)
## **Additional governance issues (Optional information)**
You **may choose** to include additional information, where relevant, about:
- policies and procedures adopted for the induction and training of trustees;
- the charity’s organisational structure and any wider network with which the charity works;
- relationship with any related parties;
- trustees’ consideration of major risks and the system and procedures to manage them.
## **Section C**
## **Objectives and activities**
Evangelistic un-denominational religious and moral and social work for children and adults.
**Summary of the objects of the charity set out in its governing document**
**TAR**
**November 2019**
2
The main activities of the Mission are:
- a. To provide a place for Divine worship;
- b. To impact religious or other instruction;
- c. To enable meetings for the furtherance of any religious charitable or benevolent purpose;
- d. To provide schools for education of the poor of Newcastle upon Tyne, whether children or adults;
- e. To provide a residence for the pastors in connection with the mission;
**Summary of the main activities undertaken for the public benefit in relation to these objects (include within this section the statutory declaration that trustees have had regard to the guidance issued by the Charity Commission on public benefit)**
- f. For the provision of food for the poor;
- g. For other purposes not inconsistent with tending to the benefit of the moral, social or intellectual support of any person.
## **Additional details of objectives and activities (Optional information)**
You **may choose** to include further statements, where relevant, about:
- policy on grantmaking;
- policy programme related investment;
- contribution made by volunteers.
**TAR**
**November 2019**
3
## Section D Achievements and performance
## **Summary of the main achievements of the charity during the year**
The charity sold the mission building a few years ago, the capital proceeds together with the cash reserves are actively managed by advisors Brewin Dolphin on the basis of total return with the aim to provide income of circa 3% (achieved in 2022: 2.75%). The trustees reviewed the income and growth of the fund and were satisfied with the results, the trustees also considered the risks that the charity has and consider that these are minimal.
The charity continues to own a manse which is the retirement home of the former pastors. The income is used towards grants to support Churches, primarily to contribute towards major repairs to premises and help pay for youth work.
The Foundation helped the undernoted charities and projects and received reports from most of the organisations that received awards:
- M.I.N.E. £5,600
- St Luke’s Methodist £2,000
- The Cedarwood Trust £2,000
- West End Food Bank £1,000
- Mary & Martha Trust £1,000
- Walker & District Food Bank £2,000
- Bay Food Bank £2,000
- The People’s Kitchen £3,000
- Action for Children £1,000
- Denewell URC £3,500
- Cromer Avenue URC £2,500
- Trinity Christion Community Centre £2,000
**TAR**
**November 2019**
4
## **Section E Financial review**
**Brief statement of the charity’s policy on reserves**
The Mission Trustees wish to maintain reserves to provide income to maintain the Pastor’s home, give grants and fulfil the aims, maintaining the capital in real terms taking inflation into account.
**Details of any funds materially in deficit**
No fund in deficit.
## **Further financial review details (Optional information)**
You **may choose** to include additional information, where relevant about:
- the charity’s principal sources of funds (including any fundraising);
- how expenditure has supported the key objectives of the charity;
- investment policy and objectives including any ethical investment policy adopted.
## **Section F**
## **Other optional information**
## **Section G Declaration**
**The trustees declare that they have approved the trustees’ report above.**
**Signed on behalf of the charity’s trustees**
## **Signature(s)**
**Full name(s)** Mrs Lynn Jacobs
**Position (eg Secretary, Chair,** Chair **etc)**
**Date**
**TAR**
**November 2019**
5