2022-03-31-accounts

TiruNees' Report
Independeni Examineii"s Review
Statemenf of ftttnaneial	a@wNes
Balance Skeet
Cask Flow Statenew'
Notes to eke financial	statements

Risks
Area		Risk	Potential	impact		Mitigating steps	Impact	Likelihood	After action
External factors:		Continued disrup-	Continued	covid cases		Offer a respon-	Med	Med	Med
Low level		tions to services due	amongst staff and			sive service when
continuance	of	to covid conditions	residents	resulting	in	required
Covid 19		and impact upon	cancellatlons leading to
		staffing levels	irregular delivery			Increase services
						which are less
						affected
External Factors: Cost of Living Crisis		Continued upwards pressure on costs	Increased costs amidst reduced available			Deliver creative services which	High	High	Med
and economic			funding poses significant			address cost of
impact ofglobal		Changing funding	challenge			living crisis
and political		priorities
circumstances						Rationalise ex-
						penditure where
						possible
Strategic Plan		Implementing 5 Year	unable to	deliver		Business Plan	Med	Low	Low
		Plan could restrict	business plan priorities			requires review
		response to circum-				and support to
		stances and oppor-				implement timely
		tunities				and robust
Policies 5		All policies and pro-	Clear Policies and			changes Annual Reviews	Med	Low	Low
Procedures		cedures updated	Procedures	with staff
			Handbook	and appropri-
			ate staff capacity
Finance		Grant dependence	Continued	focus on		Progress with	High	Med	Med
		and reduced earned	Fundraising	alongside		testing a Charita-
		income	diversifying	income		ble Trading Com-
						pany

							As restated
			Unrestricted	Designated	Restricted	Total	Total
			funds	funds	funds	2022	2021
		Notes		F	f
income from:
Donations and legacies			156,482		73,427	229,909	324,115
Charitable activities			132,488		11,284	143,772	51,819
Investment income			99			99	1,111
			289,069		84,711	373,780	377,045
Expenditure on:
Raising funds							1,811
Charitable activities			237,520		75,842	313,362	260,651
			237,520		75,842	313,362	262,462
Net income/(expenditure)			51,549		8,869	60,418	114,583
Transfers between	funds	16	( 50,000 )	50,000
Net movement in funds			1,549	50,000	8,869	60,418	114,583
Reconciliation offunds
Total funds brought	forward		87,781	'177,575	117,794	383,150	268,567
Total funds carried	forward		89,330	227,575	126,663	443,568	383,150

							As restated
				2022			2021
			Notes
Fixed assets
Tangible assets					816		1,390
Current assets
Debtors			14	56,428		55,944
Cash at bank and	in hand			391,309		355,089
				447,737		411,033
Creditors: amounts	falling	due
within one year			15	(4,985 )		( 29,273 )
Net current assets					442,752		481,760
Total assets less	current	liabilities			443,568		383,150
Funds
Unrestricted fund						89,330	87,781
Designated funds						227,575	177,575
Restricted funds						126,663	117,794
			17			443,568	383,150

					2022	2021
				Notes
Cash flows from operating	activities
Cash generated from operations				19	36,121	55,686
Net cash provided by (used in) operating			activities		36,121	55,686
Cash flows from investing	activities
Interest received					99	1,111
Payment to acquire tangible	assets
Net cash provided by (used in) investing			activities		99	1,111
Change in cash and cash	equivalents	in
the reporting period					36,220	56,797
Cash and cash equivalents	at the beginning
ofthe reporting period					355,089	298,292
Cash and cash equivalents	at the end	of
the reporting period					391,309	355,089

		Unrest. ricted	Unrest. ricted	Designated	Restricted	Total
			funds	funds	funds	2021
		Notes	E	E		f
Income from:
Donations and legacies			153,356	54,873	115,886	324,115
Charitable activities			46,915	2,904	2,000	51,819
Investment income			1,111			1,762
			201,382	57,777	117,886	377,045
Expenditure on:
Raising funds			1,811			1,811
Charitable activities			122,170	2,920	135,561	260,651
			123,981	2,920	135,561	262,462
Net income/(expenditure)			77,401	54,857	( 17,675 )	114,583
Transfers between	funds	16	( 49,634 )	27,699	21,935
Net movement in funds			27,767	82,556	4,260	114,583
Reconciliation offunds
Total funds brought	forward		60,014	95,019	113,534	268,567
Total funds carried	forward		87,781	177,575	117,794	383,150

4.	Donations and le	gac	ies
						2022	2021
							As
							restated
						f	E
	Grants receivable					228,992	301,669
	Donations					917	22,446
						229,909	324,115
	Grants receivable	analysis:				2022
	Community Foundation —Tyne and Wear & Northumberland					3,000
	Arts Council England		Fund			85,000
	National Heritage	Lottery		Fund		50,500
	LNER Ltd 2015					7,427
	The February Foundation					5,000
	Versus Arthritis					5,000
	The D'Oyly Carte					4,000
	SirJames Knott Trust					5,000
	Newcastle City Council					22,481
	The Utley Family					15,000
	Headley Trust					20,000
	Northumbria Police					4,280
	Other					2,304
						228,992
5.	Income from charitable			activities
						2022	2021
						E
	Earned income					143,772	51,819
6.	Investment income
						2021	2020
	Bank interest receivable					99	1,111
7.	Raising funds
						2022	2021
							f
	Wages and salaries
	Individual Giving fundraising				officer
	Fundraising costs						1,811
							1,811

8.	Charitable	activities c	osts
				Total	Total
				2022	2021
					F
	Wages and	salaries		96,461	80,971
	Staff travel	and training		1,612
	Direct project costs			138,308	107,482
	Office costs			20,169	20,917
	Comms			34,496	36,203
	Professional	fees		2,052	4,705
	Other costs			19,690	10,373
	Depreciation			574
				313,362	260,651
9.	Support costs
				2022	2021
	Wages and	salaries		16,693	15,999
	Governance	costs (note	10)	2,160	2,160
				18,853	18,159
10.	Governance	costs
				2022	2021
					F
	Independent	examiners'	fee	2,160	2,160

202	2021
F
2,160	2,160
574	682

Staff costs
				2022	2021
Wages and	salaries			96,275	72,200
Social security costs				9,819	7,539
Pension costs				8,322	5,232
				114,416	84,971
The average	monthly	number ofemployees	during the year was as follows:
				2022	2021
				3	2

13.	Tangible fixed ass	ets
			Fixtures and	Computer
			fittings	equipment	Total
					K
	Cost
	At 1 April 2021		2,935	3,824	6,759
	Additions
	Disposals
	At 31 March 2022		2,935	3,824	6,759
	Depreciation
	At 1 April 2021		1,863	3,506	5,369
	Charge for year		282	292	574
	Disposals
	At 31 March 2022		2,145	3,798	5,943
	Net book value
	At 31 March 2021		1,072	318	1,390
	At 31 March 2022		790	26	816
14.	Debtors: amounts	falling due within one year
				2022	2021
	Trade debtors			29,946	20,581
	Other debtors			982	1,563
	Accrued Income			25,500
				56,428	22,144
15.	Creditors: amounts	falling due within one year
				2022	2021
	Trade creditors
	Social security and	other taxes		2,639	16,594
	Accruals			2,160	12,678
	Other Creditors			186
				4,985	29,272

Change	to the balance s	heet
						As restated
				As previously		at 31 March
				reported	Adjustment	2021
					F	f
Current	assets
Accrued	income				33,800	33,800
Funds
Restricted funds				83,994	33,800	117,794
				83,994	33,800	117,794
Change	to the statement	offinancial	activities
						As restated
				As previously		at 31 March
				reported	Adjustment	2020
					f
Income				343,245	33,800	377,045
Surplus	for the year			80,783	33,800	114,583

For the ear	ended	31March 2022	31March 2022
				At 1 April					At	31 March
				2021	Income	Expenditure		Transfers		2022
							f.	f		f
Unrestricted	funds
General fund				87,781	289,069	( 237,520	)	( 50,000	)	89,330
Designated	funds
Redundancy	8 Wind-Up		reserve	75,000				27,075		102,075
Development	fund							125,500		125,500
Creative Ageing Programme				102,575				( 102,575	)
				177,575				50,000		227,575
Total	unrestricted		funds	265,356	289,069	( 237,520	)			316,905
Restricted funds
HenPower				57,226	18,711	(23,001 )				52,936
Masonic Charitable		Foundation		24,000		(24,000 )
NLHF				11,625		( 3,898 )				7,727
IWill —Virgin				24,943		(24,943 )
UnLtd					40,500					40,500
Arts Council	Grant				25,500					25,500
Total restricted funds				117,794	84,711	( 75,842 )				126,663
Total funds				383,150	373,780	( 313,362 )		-		443,568

For the ear	ended 31March 2021	ended 31March 2021	ended 31March 2021	ended 31March 2021
									As restated
					At 1 April				At 31 March
					2020	Income	Expenditure	Transfers		2021
						K		f.		f.
Unrestricted	funds
General fund					60,014	201,382	( 123,981)	( 49,634 )		87,781
Designated	funds
Redundancy	reserve				55,400			19,600		75,000
Creative Ageing		Programme			39,619	57,777	( 2,920 )	8,099		102,575
					95,019	57,777	( 2,920 )	27,699		177,575
Total unrestricted				funds	155,033	259,159	( 126,901 )	( 21,935	)	265,356
Restricted funds
HenPower					68,864	40,000	( 27,635 )			57,226
Masonic Charitable			Foundation			24,000				24,000
NLHF					27,825		( 16,000 )			11,625
IWill —Virgin					16,848	14,800	( 6,705 )			24,943
Covid funding						63,086	( 85,021 )	21,935
Total restricted funds					113,534	117,886	( 135,561 )	21,935		117,794
Total funds					268,567	377,045	( 262,462 )			383,150

					2022	2021
					f
Net income/(expenditure)			for the reporting	period	60,418	( 34,394 )
Adjustments for:
Depreciation charges					574	642
Interest received					(99)	( 1,762 )
(Increase) in debtors					(484)	19,337
Increase/(decrease)		in	creditors		( 24,288 )	( 6,446 )
Net cash provided	by	(used in) operating		activities	36,121	( 22,623 )