| Page | |||
|---|---|---|---|
| Reference and administrative | details ofthe Charity, | its Trustees and advisers | |
| Trustees' report | 2-7 | ||
| Independent examiner's report |
|||
| Statement offinancial activities | |||
| Balance sheet | 10 | ||
| Notes to the financial statements | 11-22 |
| Trustees | MrJ.J.Drydon (Co-optative), | MrJ.J.Drydon (Co-optative), | Chair | |||
|---|---|---|---|---|---|---|
| Mr E.Brown (Appointed | by the Parish Council of Haydon | Bridge) | ||||
| Mrs L.A. Gilhespy (Appointed Mr B.L.Bates (Co-optative) |
by the Parish Council ofHaydon | Bridge) | ||||
| Mrs P. Collis (Co-optative) | ||||||
| Mrs D.Wardle (Co-optative) | ||||||
| Mr E. Faulks (Appointed | by the Parish Council of Haydon | Bridge) | ||||
| Mrs K.Richardson (Appointed |
by the Parish Council ofHaydon | Bridge) | ||||
| Mr R Hines (Co-optative) | (appointed 11 November 2022) |
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| Charity registered | ||||||
| number | 528101 | |||||
| Principal office | Shaitoe Terrace | |||||
| Haydon Bridge |
||||||
| NE47 6BW | ||||||
| Clerk tothe Trustees | Mr S.Exham | |||||
| Accountants | RyecroR Glenton | |||||
| Chartered Accountants |
||||||
| 32 Portland Terrace | ||||||
| Newcastle upon Tyne |
||||||
| NE2 1QP | ||||||
| Bankers | HSBC Bank Pic | |||||
| Fore Street | ||||||
| Hexham | ||||||
| Northumberland | ||||||
| NE46 1LY | ||||||
| Investment | advisors | Brewin Dolphin | ||||
| Time Central | ||||||
| Gallowgate | ||||||
| Newcastle upon Tyne |
||||||
| NE14SR |
| Endowment | Unrestricted | Total | Total | |||||
|---|---|---|---|---|---|---|---|---|
| funds | funds | funds | funds | |||||
| 2023 | 2023 | 2023 | 2022 | |||||
| Note | 6 | |||||||
| Income and endowments | from: | |||||||
| Donations and legacies |
1,088 | 1,088 | ||||||
| Investments | 212,328 | 212,328 | 197,534 | |||||
| Total income and | endowments | 213,416 | 213,416 | 197,534 | ||||
| Expenditure on: |
||||||||
| Raising funds | 5 | 19,200 | 38,934 | 58,134 | 68,751 | |||
| Charitable activities |
100,508 | 100,508 | 151,947 | |||||
| Total expenditure | 19,200 | 139,442 | 158,642 | 220,708 | ||||
| Net (expenditure)/income | before net | |||||||
| (losses)/gains on |
Investments | (19,200) | 73,974 | 54,774 | (23,174) | |||
| Nst (losses)/gains | on investments | (45,667) | (55,816) | (101,483) | 62,221 | |||
| Net movement in |
funds | (64,867) | 18,158 | (46,709) | 39,047 | |||
| Reconciliation of |
funds: | |||||||
| Total funds brought | forward | 8,230,808 | 999,969 | 9,230,777 | 9,191,730 | |||
| Net movement in funds |
(64,867) | 18,158 | (46,709) | 39,047 | ||||
| Total funds carried | forward | 8,165,941 | 1,018,127 | 9,184,068 | 9,230,777 |
| Note | 2023 6 |
2022f | ||||
|---|---|---|---|---|---|---|
| Fixed assets | ||||||
| Tangible assets | 10 | 15,000 | 15,000 | |||
| Investments | 12 | 1,390,302 | 1,501,309 | |||
| Investment property |
11 | 7,495,000 | 7,495,000 | |||
| 8,900,302 | 9,011,309 | |||||
| Current assets | ||||||
| Debtors | 13 | 50,868 | 44,755 | |||
| Cash at bank and in hand | 264,798 | 253,474 | ||||
| 315,666 | 298,230 | |||||
| Creditors: amounts | falling due within one | |||||
| year | 14 | (31,900) | (78,762) | |||
| Net current assets | 283,766 | 219,468 | ||||
| Total assets less current liabilities | 9,184,068 | 9,230,777 | ||||
| Total net assets | 9,184,068 | 9,230,777 | ||||
| Charity funds | ||||||
| Endowment funds |
15 | 8,165,941 | 8,230,808 | |||
| Unrestricted funds |
15 | 1,018,127 | 999,969 | |||
| Total funds | 9,184,068 | 9,230,777 |
| Unrestricted | Total | Total |
|---|---|---|
| funds | funds | funds |
| 2023 | 2023 | 2022 |
| 5 | ||
| 1,088 | 1,088 |
| Unrestricted | Total | ||
|---|---|---|---|
| funds | funds | ||
| 2023 | 2023 | ||
| 8 | 8 | ||
| Rents receivable | 173,268 | 173,268 | |
| Investment | income | 37,975 | 37,975 |
| Bank interest | 1,085 | 1,085 | |
| Total 2023 | 212,328 | 212,328 | |
| Unrestricted | Total | ||
| funds | funds | ||
| 2022 | 2022 | ||
| 5 | 5 | ||
| Rents receivable | 168,244 | 168,244 | |
| Investment | income | 29,265 | 29,265 |
| Bank interest | 25 | 25 | |
| Total 2022 | 197,534 | 197,534 |
| Endowment | Unrestricted | Total | |||||
|---|---|---|---|---|---|---|---|
| funds | funds | funds | |||||
| 2023 | 2023 | 2023 | |||||
| 6 | F | ||||||
| Investment | management | fees | 5,379 | 4,146 | 9,525 | ||
| Property management | fees | 16,705 | 16,705 | ||||
| Property rates, repairs | and maintenance | costs | 13,821 | 10,650 | 24,471 | ||
| Insurance | 4,790 | 4,790 | |||||
| Sundry expenses | 2,643 | 2,643 | |||||
| Total 2023 | 19,200 | 38,934 | 58,134 | ||||
| Endowment | Unrestricted | Total | |||||
| funds | funds | funds | |||||
| 2022 | 2022 | 2022 | |||||
| Investment | management | fees | 5,726 | 4,412 | 10,138 | ||
| Property management | fees | 18,714 | 18,714 | ||||
| Property rates, repairs | and maintenance | costs | 18,508 | 14,261 | 32,769 | ||
| Insurance | 4,294 | 4,294 | |||||
| Sundry expenses | 2,846 | 2,846 | |||||
| Total 2022 | 24,234 | 44,527 | 68,761 |
| Grant | ||
|---|---|---|
| funding of |
Support | Total |
| activities | costs | funds |
| 2023 | 2023 | 2023 |
| 6 | 6 | |
| 88,824 | 11,684 | 100,508 |
| Analysis | ofexpenditure by activities (c |
ontinued) | ||
|---|---|---|---|---|
| Grant | ||||
| funding ot | Support | Total | ||
| activities | costs | funds | ||
| 2022 | 2022 | 2022 | ||
| 5 | 5 | |||
| Charitable | activities | 141,056 | 10,891 | 151,947 |
| Total | Total | |
|---|---|---|
| funds | funds | |
| 2023 | 2022 | |
| E | ||
| Clerk fees' and expenses | 6,704 | 6,721 |
| Governance | 4,980 | 4,170 |
| 11,684 | 10,89'l |
| 2023 | 2022 | |||
|---|---|---|---|---|
| 6 | ||||
| Shaftoe | Wise Academies - 2grants (2022:6) | 1,103 | 61,866 | |
| Individuals -45grants (2022:35) |
40,861 | 25,700 | ||
| Haydon | Bridge Playgroup and Tiny Tots - 2 |
grants (2022:2) | 2,500 | 4,500 |
| Almshouse Charity ofJohn Shaftoe - 1 grant |
(2022:1) | 1,720 | 1,720 | |
| Haydon | Bridge High School - 3grants (2022:4) | 6,200 | 23,770 | |
| Haydon | Bridge Scout Group - 0grants (2022:1) | 1,000 | ||
| Nurture | CIC - 0grants (2022:1) | 2,500 | ||
| Haydon | Bridge Methodist Church - 1 grant (2022:0) |
140 | ||
| Nurture | project - 1 grant (2022:0) | 1,000 | ||
| Haydon | Bridge Judo club-1 grant (2022:0) | 300 | ||
| Shaftoe Trust Wise Academy (Remuneration grant (2022:0) |
ofteaching assistants) - 1 | 20,000 | ||
| Shaftoe Trust Wise Academy (Construction (2022:0) |
ofclimbing frame) - 1 grant | 15,000 | ||
| 88,824 | 141,056 |
| 2023 | 2022 | ||||||
|---|---|---|---|---|---|---|---|
| 6 | E | ||||||
| Fees payable examination |
to the Charity's and preparation |
independent examiner ofthe Charity's annual |
for the independent accounts |
4,980 | 4,170 |
| Cash held | |||
|---|---|---|---|
| Listed | for re- | ||
| investments | investment | Total | |
| 6 | 6 | ||
| Cost or valuation | |||
| At 1 April 2022 | 1,433,658 | 67,651 | 1,501,309 |
| Additions | 125,413 | 158,414 | 283,827 |
| Dieposals | (158,415) | (134,936) | (293,351) |
| Revaluations | (101,483) | (101,483) | |
| At 31 March 2023 | 1,299,173 | 91,129 | 1,390,302 |
| Net book value | |||
| At 31 March 2023 | 1,299,173 | 91,129 | 1,390,302 |
| At 31March 2022 | 1,433,656 | 67,651 | f,501,309 |
| 2023f | 2022f | ||
|---|---|---|---|
| Listed | investments | 1,433,658 | 1,425,606 |
| Bank | deposit account | 67,651 | 23,620 |
| 1,501,309 | 1,449,226 |
| 2023 6 |
2022f | |
|---|---|---|
| Due within one year | ||
| Accrued rental income | 40,845 | 40,845 |
| Prepayments and accrued income |
10,023 | 3,911 |
| 50,868 | 44,756 |
| 2023 8 |
2022 f |
|||
|---|---|---|---|---|
| Amounts due |
to Almshouse | Charity ofJohn Shaftoe | 26,520 | 22,792 |
| Other creditors | 51,400 | |||
| Administration | accruals | 5,380 | 4,570 | |
| 31,900 | 78,762 |
| Balance at | ||||||
|---|---|---|---|---|---|---|
| Balance at | Gains' | 31March | ||||
| 1April 2021f | Income f |
Expenditure f |
(Losses)f | 2022 | ||
| Unrestricted | funds | |||||
| General Funds |
957,411 | 197,534 | (196,474) | 41,498 | 999,969 | |
| Endowment | funds | |||||
| Endowment | Fund | 8,234,319 | (24,234) | 20,723 | 8,230,808 | |
| Total offunds | 9,191,730 | 197534 | (220,708) | 52,221 | 9,230,777 |
| Analysis ofnet assets between funds -cur |
rent year | ||
|---|---|---|---|
| Endowment | Unrestricted | Total | |
| funds | funds | funds | |
| 2023 | 2023 | 2023 | |
| 8 | 6 | 6 | |
| Tangible fixed assets | 15,000 | 15,000 | |
| Fixed asset investments | 655,941 | 734,361 | 1,390,302 |
| Investment property |
7,495,000 | 7,495,000 | |
| Current assets | 315,666 | 315,666 | |
| Creditors due within one year | (31,900) | (31,900) | |
| Total | 8,165,941 | 1,018,127 | 9,184,068 |
| Endowment | Vnrestricted | Total | |
|---|---|---|---|
| funds | funds | funds | |
| 2022 | 2022 | 2022 | |
| 8 | |||
| Tangible fixed assets | 15,000 | 15,000 | |
| Fixed asset investments | 720,808 | 780,501 | 1,501,309 |
| Investment property |
7,495,000 | 7,495,000 | |
| Current assets | 298,230 | 298,230 | |
| Creditors due within one year | (78,762) | (78,782] | |
| Total | 8,230,808 | 999,969 | 9,230,777 |