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|Risks|||||||||
|---|---|---|---|---|---|---|---|---|
|Area||Risk|Potential
impact|Mitigating
steps||Im-|Likelihood|After ac-|
|||||||act||tion|
|External Factors:||Continued
upwards|Increased costs amidst|Deliver creative services||High|High|Med|
|Cost of Living|Cri-|pressure
on costs|reduced
available|which address cost|of||||
|sis and economic||Changing
funding|funding
poses signifi-|living crisis|||||
|impact ofglobal||priorities|cant challenge|Rationalise
expenditure|||||
|and political||||where possible|||||
|circumstances|||||||||
|Strategic Plan||Implementing
5|unable to deliver|Business
Plan requires||Low|Low|Low|
|||Year Plan could|business
plan priori-|review and support|to||||
|||restrict response to|ties|implement
timely and|||||
|||circumstances
and||robust changes|||||
|||opportunities|||||||
|Policies &||All policies and pro-|Clear Policies and|Annual
Reviews||Med|Low|Low|
|Procedures||cedures updated|Procedures
with staff||||||
||||Handbook
and appro-||||||
|Finance||Grant dependence|Continued
focus on|Explore a Charitable||High|Med|Med|
|||and reduced|Fundraising
alongside|Trading Company|||||
|||earned income|diversifying
earned||||||
|Low level||Continued
disrup-|Covid, sick-leave and|Offer a responsive|ser-|Low|Med|Low|
|continuance|of|tion to service de-|staff retention|vice when required|||||
|Covid 19||livery due to care|amongst care staff|Increase services which|||||
|||staff retention
is-|resulting
in cancella-|are less affected|||||
|||sues in care homes|tions and irregular||||||
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|||||Unrestricted|Unrestricted|Designated|Restricted|Total|Total|
|---|---|---|---|---|---|---|---|---|---|
||||||funds|funds|funds|2023|2022|
||||Notes||f|||||
|Income from:||||||||||
|Donations
and legacies|||||53,260||140,860|194,120|229,909|
|Charitable
activities|||||171,307|||171,307|143,772|
|Investment
income|||||6|||6|99|
||||||224,573||140,860|365,433|373,780|
|Expenditure
on:||||||||||
|Charitable
activities|||||109,260||216,563|325,823|313,362|
||||||109,260||216,563|325,823|313,362|
|Net income/(expenditure)|||||115,313||( 75,703 )|39,610|60,418|
|Transfers
between|funds||15|(|123,925 )|123,925||||
|Net movement
in|funds||||( 8,612 )|123,925|( 75,703 )|39,610|60,418|
|Reconciliation
of|funds|||||||||
|Total funds brought||forward|||89,330|227,575|126,663|443,568|383,150|
|Total funds carried||forward|||89,330|351,500|50,960|483,178|443,568|
##
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||||||2023|2022|
|---|---|---|---|---|---|---|
|||||Notes|F||
|Cash flows from operating|activities||||||
|Cash generated
from operations||||18|72,033|36,121|
|Net cash provided
by (used in) operating|||activities||72,033|36,121|
|Cash flows from investing|activities||||||
|Interest received||||||99|
|Payment
to acquire tangible|assets||||||
|Net cash provided
by (used in) investing|||activities|||99|
|Change
in cash and cash|equivalents|in|||||
|the reporting
period|||||72,039|36,220|
|Cash and cash equivalents|at the beginning||||||
|ofthe reporting
period|||||391,309|355,089|
|Cash and cash equivalents|at the end|of|||||
|the reporting
period|||||463,348|391,309|
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|||||||||As restated|
|---|---|---|---|---|---|---|---|---|
||||Unrestricted||Designated|Restricted|Total|Total|
|||||funds|funds|funds|2022|2021|
||||Notes|F|F|||E|
|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
of|funds||||||||
|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|
##
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##
|Donations
and legacies|||
|---|---|---|
||2023f|2022
F.|
|Grants receivable|192,010|228,992|
|Donations|2,110|917|
||194,120|229,909|
|Grants receivable analysis:|Grants receivable analysis:|Grants receivable analysis:|Grants receivable analysis:||2023|
|---|---|---|---|---|---|
||||||F|
|Community||Foundation|—Tyne|and Wear & Northumberland|42,000|
|National
Heritage
Lottery Fund|||||33,360|
|Newcastle|City Council||||15,500|
|The Baring||Foundation|||40,000|
|The National||Lottery Community||Fund|10,000|
|Garfield Weston|||||20,000|
|Sunderland||Culture|||22,356|
|Other|||||8,794|
||||||192,010|
##
##
|2023|2022|
|---|---|
||F|
|171,307|143,772|
|2023f|2022|
|6|99|
##
##
##
|Charitable|a|ctivities co|sts|||
|---|---|---|---|---|---|
|||||Total|Total|
|||||2023|2022|
||||||E|
|Wages and|salaries|||129,633|96,461|
|Staff travel|and training|||7,817|1,612|
|Direct project||costs||99,104|138,308|
|Office costs||||31,943|20,169|
|Comms||||3,051|34,496|
|Professional||fees||5,824|2,052|
|Other costs||||48,144|19,690|
|Depreciation||||307|574|
|||||325,823|313,362|
|Support costs||||||
|||||2023|2022|
|||||E|E|
|Wages and|salaries|||17,911|16,693|
|Governance|costs (note||9)|2,160|2,160|
|||||20,071|18,853|
|overnance|costs|||||
|||||2023|2022|
|||||E|E|
|Independent||examiners'|fee|2,160|2,160|
|Net incoming||/(expenditure)||||
|Net income/(expenditure)|||is stated after charging/(crediting)|||
|||||2023|2022|
|||||E||
|Independent||examiners'|fee|2,160|2,160|
|Depreciation||—owned assets||307|574|
##
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|Staff costs||||||||
|---|---|---|---|---|---|---|---|
|||||||2023|2022|
|||||||E|f|
|Wages and|salaries|||||108,461|96,275|
|Social security costs||||||11,930|9,819|
|Pension costs||||||9,242|8,322|
|||||||129,633|114,416|
|The average|monthly|number|of employees|during|the year was as follows:|||
|||||||2023|2022|
|||||||3|2|
##
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##
|12.|Tangible fixed ass|ets||||
|---|---|---|---|---|---|
||||Fixtures and|Computer||
||||fittings|equipment|Total|
||||f||f|
||Cost|||||
||At 1 April 2022||2,935|3,824|6,759|
||Additions|||||
||Disposals|||||
||At 31 March 2023||2,935|3,824|6,759|
||Depreciation|||||
||At 1 April 2022||2,145|3,798|5,943|
||Charge for year||282|25|307|
||Disposals|||||
||At 31 March 2023||2,427|3,823|6,250|
||Net book value|||||
||At 31 March 2022||790|26|816|
||At 31 March 2023||508|1|509|
|13.|Debtors: amounts|falling due within one year||||
|||||2023f|2022
f|
||Trade debtors|||22,054|29,946|
||Other debtors|||1,492|982|
||Accrued Income|||11,868|25,500|
|||||35,414|56,428|
|14.|Creditors: amounts|falling due within one year||||
|||||2023|2022|
|||||f|f|
||Social security and|other taxes||2,826|2,639|
||Accruals|||2,160|2,160|
||Other Creditors|||11,107|186|
|||||16,093|4,985|
##
##
##
|15.|Analysis of|funds|||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
||Forthe
ear|ended 31|March||2023||||||||
||||||||At 1 April||||At|31 March|
||||||||2022|Income|Expenditure|Transfers||2023|
||||||||f|E||E|||
||Unrestricted|funds|||||||||||
||General
fund||||||89,330|224,573|( 109,260 )|( 123,925|)|80,718|
||Designated|funds|||||||||||
||Redundancy|& Wind-Up||reserve|||102,075|||63,925||166,000|
||Development|fund|||||125,500|||||125,500|
||Creative Ageing Programme|||||||||60,000||60,000|
||||||||227,575|||||351,500|
||Total unrestricted|||funds|||316,905|224,573|( 109,260 )|||432,218|
||Restricted funds||||||||||||
||HenPower||||||52,936||( 52,936 )||||
||The National|Lottery Heritage|||Fund||7,727||(7,727 )||||
||UnLtd - SSE||||||40,500||(40,500 )||||
||Arts Council|England|||||25,500||(25,500 )||||
||Newcastle
City Council|||||||15,500|(15,500 )||||
||The Baring Foundation|||||||40,000||||40,000|
||The National|Heritage|Lottery||Fund|||33,360|( 33,360 )||||
||T8W Community
Foundation|||||||25,000|(14,040 )|||10,960|
||T&W Community
Foundation||||- Pergita CT|||9,000|(9,000 )||||
||T&W Community
Foundation||||—Willan CT|||8,000|(8,000 )||||
||The National|Lottery Community||||Fund -A4A||10,000|( 10,000 )||||
||Total restricted||funds||||126,663|140,860|( 216,563 )|||50,960|
||Total funds||||||443,568|365,433|( 325,823 )|||483,178|
##
##
##
|For the
ear|ended 31March 2022|ended 31March 2022|ended 31March 2022|||||||
|---|---|---|---|---|---|---|---|---|---|
|||||At 1 April||||At|31 March|
|||||2021|Income|Expenditure|Transfers||2022|
|||||E|f||E||E|
|Unrestricted|funds|||||||||
|General
fund||||87,781|289,069|( 237,520 )|( 50,000|)|89,330|
|Designated|funds|||||||||
|Redundancy|&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 —Virg in||||24,943||(24,943 )||||
|UnLtd - SSE|||||40,500||||40,500|
|Arts Council|England||||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|
##
##
##
||||||2023|2022|
|---|---|---|---|---|---|---|
|||||||K|
|Net income/(expenditure)|||for the reporting|period|39,610|60,418|
|Adjustments
for:|||||||
|Depreciation
charges|||||307|574|
|Interest received|||||(6)|(99)|
|Decrease/(Increase)||in|debtors||21,014|(484 )|
|Increase/(decrease)|in||creditors||11,108|(24,288 )|
|Net cash provided|by|(used in) operating||activities|72,033|36,121|