## |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 )|