| Annual report for the year ended 31March 2021. | ||
|---|---|---|
| Independent Auditors' Report to the Members ofCommunity Foundation |
serving Tyne & Wear and | |
| Noithumberland. | .13 | |
| Consolidated statement offinancial activities for the year ended 31March |
2021................................. | .... 17 |
| Consolidated income and expenditure account for the year ended 31 March 2021............................... |
.... 18 | |
| Balance sheets as at 31 March 2021 | . 19 | |
| Consolidated cash flow statement for the year ended 31 March 2021, |
.20 | |
| Notes to the financial statements for the year ended 31 March 2021 |
.2 1 |
| Fiona Cruickshank OBE —Chair |
(G,F&A) | |||
|---|---|---|---|---|
| elected November 2011,resigned October 2020, | appointed | December 2020 | ||
| Geoffrey Hodgson —Deputy Chair co-opted June 2013, elected October 2013 Paul Farquhar -Treasurer |
(G,F&A) (G,F&A, lnv) |
|||
| co-opted March 2018 | ||||
| Jill Baker | ||||
| co-opted June 2019 | ||||
| Anna, Lady Blackett | (Inv) | |||
| co-opted December 2015 | ||||
| Michael Brodie | ||||
| co-opted February 2020 | ||||
| Robin Fry | ||||
| appointed December 2020 |
||||
| Andrew Haigh | (lnv) | |||
| elected December 2016 | ||||
| Claire Malcolm | (G,F&A) | |||
| co-opted March 2019 | ||||
| Patrick Melia | (Inv) | |||
| appointed December 2016to represent |
statutory | authorities | ||
| Laura Warwick | ||||
| appointed November 2018 | ||||
| Neil Warwick OBE | (lnv) | |||
| co-opted December 2015, elected November 2016 | ||||
| Lucy Winskell OBE | (G,F&A) | |||
| elected December 2016 |
| 00.In total 621 organisations and 80 individuals were sup kdown by fund type. |
ported. The table below sh |
ows the |
|---|---|---|
| Fund type | No ofgrants | Total awards |
| Individual and family funds Corporate funds Charity and trust funds Collective funds |
342 260 464 187 |
1,472,917 962,395 2,729,316 478,968 |
| Projects and partnership funds Agency funds (benetiting a named organisation) Total grants awarded by the full Group |
53 25 1,331 |
690,187 883,200 7416,983 |
| KEYPERFORMANCE INDICATORS |
2020-25 TARiGET | |
|---|---|---|
| Total endowment value |
,'X105nT | |
| Rolling average annual gifts to endowment Annual gifts to revenue and programme funds |
= =.g3.0m " 'f2:6m. |
|
| Percentage oftotal grants from endowment | funds | 90% |
| r the year ended | 31M | arch | 2021 | ||||
|---|---|---|---|---|---|---|---|
| Note | Unrestricted funds |
Restricted funds |
Endowment funds |
Total 2021 |
Total 2020 |
||
| Income and endowments | from: | ||||||
| Donations and legacies corn |
1,127,564 | 3,575,718 | 3,776,143 | 8,479,425 | 7,695,759 | ||
| Charitable activities |
54,458 | 54,458 | 52,300 | ||||
| Other trading activities |
2,000 | 2,000 | 8,500 | ||||
| Investment income |
909,579 | 1,017,030 | 1,926,609 | 2,295,650 | |||
| Total in e and en do |
wm ents | 2,093,601 | 4,592,748 | 3,776,143 | 10,462,492 | 10,052,209 | |
| Expenditure on: |
|||||||
| Raising funds | 7 | 218,100 | 218,100 | 274,853 | |||
| Investment management |
costs | 236,905 | 236,905 | 254,181 | |||
| Charitable activities |
8 | 2,537,595 | 5,503,897 | 8,041,492 | 7,589,581 | ||
| Total expenditure | 2,755,695 | 5,503,897 | 236,905 | 8,496,497 | 8,118,615 | ||
| Net (losses)/gains on investments |
(167,294) | 16,708,410 | 16,541,116 | (7,485,414) | |||
| Net (loss)/income | (662,094) | (1,078,443) | 20,247,648 | 18,507,111 | (5,551,820) | ||
| Transfers between funds |
1,556,188 | ],189,144 | (2,745,332) | ||||
| Net movement in funds |
894,094 | 110,701 | 17,502,316 | 18,507,111 | (5,551,820) | ||
| Reconciliation offunds: |
|||||||
| Total funds brought forward |
2,270,118 | 5,371,622 | 75,904,379 | 83,546,119 | 89,097,939 | ||
| Total funds carried forward | 3,164,212 | 5,482,323 | 93,406,695 | 102,053,230 | 83,546, 119 |
| Note | 2021 | 2020 | ||||
|---|---|---|---|---|---|---|
| Income - continuing | operations | |||||
| Donations and legacies |
4,703,282 | 2,766,278 | ||||
| Charitable activities |
54,458 | 52,300 | ||||
| Other trading activities |
2,000 | 8,500 | ||||
| Investment income |
5 | 1,926,609 | 2,295,650 | |||
| 6,686,349 | 5,122,728 | |||||
| Expenditure - continuing |
operations | |||||
| Grants | 7,144,993 | 6,549,097 | ||||
| Staffcosts | 875,602 | 908,826 | ||||
| Other costs | 238,997 | 406,511 | ||||
| 8,259,592 | 7,864,434 | |||||
| Net loss on investments | (167,294) | (115,597) | ||||
| Net loss for the year | before transfers | and taxation | (1,740,537) | (2,857,303) | ||
| Transfer fiom endowment | fund | 2,745,332 | 2,639,453 | |||
| Taxation | ||||||
| Net surplus/(deficit) | for | the year | 1,004,795 | (217,850) |
| Group | Group | Charity | Charity | |||||
|---|---|---|---|---|---|---|---|---|
| Note | 2021 | 2020 | 2021 | 2020 | ||||
| Fixed assets | ||||||||
| Endowment | fund investments | 10 | 90,411,682 | 75,706,413 | 87,436,491 | 73,340,329 | ||
| Programme | related and other | 10 | 797,914 | 845,266 | 798,014 | 845,366 | ||
| investments | ||||||||
| Tangible assets |
699,816 | 727,795 | 699,816 | 727,795 | ||||
| Total fixed | assets | 91,909,412 | 77,279,474 | 88,934,321 | 74,913,490 | |||
| Current assets |
||||||||
| Debtors | 12 | 2,946,862 | 77,225 | 2,941,792 | 69,600 | |||
| Cash on short-term | deposit | 5,537,380 | 6,030,934 | 5,537,380 | 6,030,934 | |||
| Cash at bank and in | hand | 3,516,638 | 2,430,132 | 3,344,621 | 2,174,329 | |||
| Total current assets | 12,000,880 | 8,538,291 | 11,823,793 | 8,274,863 | ||||
| Creditors: within one |
amounts year |
falling due | (987,712) | (1,337,966) | (987,712) | (1,329,617) | ||
| Net current | assets | less current | liabilities | 11,013,168 | 7,200,325 | 10,836,081 | 6,945,246 | |
| 102,922,580 | 84,479,799 | 99,770,402 | 81,858,736 | |||||
| Creditors: | amounts | falling due | ||||||
| after more | than one | year | 14 | (869,350) | (933,680) | (869,350) | (933,680) | |
| Total assets | 102,053,230 | 83,546,1]9 | 98,901,052 | 80,925,056 | ||||
| The funds | ofthe charity: | |||||||
| Endowment | funds | 16 | 93,406,695 | 75,904,379 | 90,361,180 | 73,414,960 | ||
| Restricted income funds | 17 | 5,482423 | 5,371,622 | 5,375,660 | 5,239,978 | |||
| Unrestricted | income | funds | 18 | 3,164,212 | 2,270,]18 | 3,164,212 | 2,270, 118 | |
| Totalchari | ty funds | 102,053,230 | 83,546, 119 | 98,901,052 | 80,925,056 |
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| Note | |||||
| Cash flows from operating | activities: | ||||
| Net cash used in operating | activities | 23 | (6,988,423) | (6,607,245) | |
| Cash flows from investing | activities: | ||||
| Dividends and interest from |
investments | 1,926,609 | 2,295,650 | ||
| Purchase offlxed assets | (4,576) | (4,263) | |||
| Proceeds from the sale of investments | 14,768,526 | 18,392,550 | |||
| Purchase ofinvestments | (12,765,385) | (20,353,410) | |||
| Programme related investments drawn |
down | (119,942) | (239,375) | ||
| Net cash provided by investing activities |
3,805,232 | 91,152 | |||
| Cash flows from financing | activities: | ||||
| Receipt of endowment | 3&776,143 | 4,929,481 | |||
| Net cash provided by financing activities |
3,776,143 | 4,929,481 | |||
| Change in cash and cash equivalents |
in the year | 592,952 | (1,586,612) | ||
| Cash and cash equivalents | at the beginning of the year | 23 | 8,461,066 | 10,047,678 | |
| Cash and cash equivalents | at the end | ofthe year | 23 | 9,054,018 | 8,461,066 |
| Vorestricted | Restricted | Endowment | Total | ||
|---|---|---|---|---|---|
| funds | funds | funds | 2020 | ||
| Income and endowments | from: | ||||
| Donations and legacies |
1,113,747 | 1,652,531 | 4',929,481 | 7,695,759 | |
| Charitable activities |
52,300 | 52,300 | |||
| Other trading activities | 8,500 | 8,500 | |||
| Investment income |
1,143,490 | 1,152,160 | 2,295,650 | ||
| Total income and endowments | 2,318,037 | 2,804,691 | 4,929,481 | 10,052,209 | |
| Expenditure on: |
|||||
| Raising funds | 271,770 | 3,083 | 274)853 | ||
| Investment management |
costs | 254,181 | 254,181 | ||
| Charitable activities |
3,051,690 | 4,537,891 | 7,589,581 | ||
| Total expenditure | 3,323,460 | 4,540,974 | 254,181 | 8,118,615 | |
| Net (losses)/gains on investments |
(115,597) | (7,369,817) | (7,485,414) | ||
| Net (loss)/income | (1,005,423) | (1,851,880) | (2,694,517) | (5,551,820) | |
| Transfers between funds |
1,417,943 | 1,221,5]0 | (2,639,453) | ||
| Net movement in funds |
412,520 | (630,370) | (5,333,970) | (5,551,820) | |
| Reconciliation offunds: |
|||||
| Total funds brought forward |
1,857,598 | 6,001,992 | 81,238,349 | 89,097,939 | |
| Total funds carried forward | 2,270, 118 | 5,371,622 | 75,904,379 | 83,546,119 |
| 2021 | 2020 | |||
|---|---|---|---|---|
| Other | charitable | activities | 54,458 | 52,300 |
| 2021 | 2020 | |||
|---|---|---|---|---|
| Other | trading | activities | 2,000 | 8,500 |
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| Dividends | and interest from endowment | fund assets | 1,901,769 | 2,209,175 | |
| Interest receivable | on cash deposits | 24,840 | 86475 | ||
| 1,926,609 | 2,295,650 |
| pport cos ivities. |
ts a | nd overheads | have been apportioned |
using the basis | ofstaff time spent | on the various | |
|---|---|---|---|---|---|---|---|
| Raising | Charitable | Total | Total | ||||
| funds | activities | ||||||
| 2021 | 2020 | ||||||
| Support | staff costs | 29,085 | 154,001 | 183,086 | 192,038 | ||
| Governance | staff costs | 8,816 | 46,679 | 55,495 | 55,001 | ||
| Overhead | costs | 32,047 | 133,136 | 165,183 | 327,277 | ||
| Governance | direct costs | 3,540 | 18,743 | 22,283 | 25,280 | ||
| 73,488 | 352,559 | 426,047 | 599,596 | ||||
| Included | in | overhead costs are the following: | 2021 | 2020 | |||
| Auditors' | remuneration | —audit services | 7)650 | 7,650 | |||
| Depreciation | 32,555 | 34,158 | |||||
| Loss on | disposal of fixed assets |
| 2021 | 2020 | |
|---|---|---|
| Staffcosts | 131,973 | 144,482 |
| Direct costs | 12,639 | 16,457 |
| Support costs (Note 6) | 73488 | 113914 |
| 218,100 | 274,853 |
| e Community Foundation serving Tyne &Wear and ivities through grant-making. |
Northumberland undertakes its charitable |
|
|---|---|---|
| 2021 | 2020 | |
| Grants payable | 7,144,993 | 6,549,097 |
| Staffcosts | 505,048 | 517,305 |
| Direct costs | 38,892 | 37,499 |
| Support costs (Note 6) | 352,559 | 485,680 |
| 8,041,492 | 7,589,581 |
| nts were awarded in the y |
ear | to other charities, | voluntary organisa |
tions and indiv |
iduals as follow |
: |
|---|---|---|---|---|---|---|
| 2021 | 2021 | 2020 | 2020 | |||
| Number | Number | |||||
| Other charities and voluntary | organisations | 7,126,415 | 1,251 | 6,544,330 | 1,133 | |
| Individuals | 90,568 | 80 | 90,215 | 123 | ||
| Total new grants awarded | in | the year | 7,216,983 | 1,331 | 6,634,545 | 1,256 |
| Grants cancelled | (71,990) | (85,448) | ||||
| Total grant expenditure | 7,144,993 | 1,331 | 6,549,097 | 1,256 |
| Staffcosts comprise the following: | 2021 | 2020 |
|---|---|---|
| Wages and salaries | 757,323 | 784,136 |
| Social security costs | 72,760 | 76,519 |
| Other pension costs | 45,519 | 48,171 |
| 875,602 | 908,826 |
| 5April | 5 April | |
|---|---|---|
| 2021 | 2020 | |
| Mean gender pay gap | 12% | 14% |
| Median gender pay gap | 11% | 7% |
| During the year employees |
with emoluments | over $60,000were in the | 2021 | 2020 |
|---|---|---|---|---|
| following bands: |
Number | Number | ||
| f60,000tof70,000 | ||||
| 680,000to 690,000 |
| dowment | fund inves | t | m | ents | -Group | ||||
|---|---|---|---|---|---|---|---|---|---|
| Deposit & | |||||||||
| Listed | other cash | Freehold | |||||||
| mvestments | balances | property | Total | ||||||
| At valuation | |||||||||
| At I April | 2020 | 72,330,178 | 2,995,235 | 381,000 | 75,706,413 | ||||
| Additions/movement | in | the | year | 14,509,269 | (1,743,884) | 12,765,385 | |||
| Disposals | in the year | (14,768,526) | (14,768,526) | ||||||
| Realised losses in the | year | (28,351) | (28,351) | ||||||
| Unrealised | gains in the | year | 16,741,261 | (4500) | 16736761 | ||||
| At 31March 2021 | 88,783,831 | 1451,351 | 376,500 | 90,411,682 | |||||
| At cost | |||||||||
| At 31March 2021 | 69,699,317 | 1,251,351 | 266,500 | 71,217,168 | |||||
| At 31March 2020 | 70,339,900 | 2,995,235 | 266,500 | 73,601,635 | |||||
| 2021 | 2020 | ||||||||
| Market | Market | ||||||||
| Listed investments | are detailed as follows: | Value | Valuef | ||||||
| UK Fixed | Interest | 5,190,040 | 5,768,818 | ||||||
| UK Equities | 20,163,855 | 18,128,696 | |||||||
| Property | 1,380)581 | 1,620,822 | |||||||
| Overseas | Fixed Interest | 2,277,484 | 1,261,901 | ||||||
| Overseas | Equities | 33073 554 | 24,020,726 | ||||||
| Collective | Investment | Schemes | 19,868,001 | 15,833,559 | |||||
| Other | 6,830,316 | 5,695,656 | |||||||
| 88,783,831 | 72,330,178 |
| ogramme Related In |
vest | men | ts —Charity a |
nd Group | |||
|---|---|---|---|---|---|---|---|
| Total | |||||||
| Loaned amounts | |||||||
| At 1 April 2020 | 1,155,972 | ||||||
| Advances during the year |
119,942 | ||||||
| Repayments | |||||||
| At 31March 2021 | 1,275,914 | ||||||
| Provisions | |||||||
| At 1 April 2020 | 310,706 | ||||||
| Provided against during the year |
167,294 | ||||||
| Provision released during | the | year | |||||
| At 31March 2021 | 478,000 | ||||||
| Net loaned amounts | |||||||
| At 31March 2021 | 797,914 | ||||||
| At 31March 2020 | 845,266 | ||||||
| dowment fund investments |
-Charity | Deposit k | |||||
| Listed | other cash | Freehold | |||||
| investments | balances | property | Total | ||||
| At valuation | |||||||
| At 1 April 2020 | 69,964,094 | 2,995,235 | 381,000 | 73,340,329 | |||
| Additions/movement | in the year | 13,946,677 | (1,743,884) | 12,202,793 | |||
| Disposals in the year |
(14,246,3]0) | (14,246,310) | |||||
| Realised losses in the year | (29,486) | (29,486) | |||||
| Vnrealised gains in the year |
16,173,665 | (4,500) | 16,169,165 | ||||
| At 31March 2021 | 85,808,640 | 1,251,351 | 376,500 | 87,436,491 | |||
| At cost | |||||||
| At 31March 2021 | 67,366,913 | 1,251,351 | 266,500 | 68,884,764 | |||
| At 31March 2020 | 68,045,879 | 2,995,235 | 266,500 | 71,307,614 |
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| Market | Market | ||||
| Value | Value | ||||
| Listed investments | are | detailed as follows: | 6 | ||
| UK | Fixed Interest | 4,952,167 | 5,478,954 | ||
| UK | Equities | 19,198,542 | 17,313,556 | ||
| Properly | 1,291,844 | 1,518,195 | |||
| Overseas Fixed Interest | 2,277,484 | 1,261,901 | |||
| Overseas Equities | 31,763,642 | 23,057,325 | |||
| Collective Investment | Schemes | 19,639,065 | 15,732,468 | ||
| Other | 6,685,896 | 5,601,695 | |||
| 85,808,640 | 69,964,094 | ||||
| Other | investments —Charity | ||||
| Unlisted | |||||
| investments | |||||
| At | cost and valuation | ||||
| At | 1 April 2020 | 100 | |||
| At | 31March 2021 | 100 |
| 11 Tangible fixed assets |
||||
|---|---|---|---|---|
| Group and Charity | ||||
| Land &Buildings | Furniture & |
Office | ||
| equipment | improve- | Total | ||
| ments | ||||
| Cost | ||||
| At 1 April 2020 | 750,000 | 101,762 | 33,472 | 885,234 |
| Additions | 4,576 | 4,576 | ||
| Disp os a is | (20,600) | (20,600) | ||
| At 31March 2021 | 750,000 | 85,738 | 33,472 | 869,210 |
| Accumulated Depreciation |
||||
| At 1 April 2020 | 78,750 | 62,406 | 16,283 | 157,439 |
| Charge for the year | 15,000 | 14,207 | 3,348 | 32,555 |
| Disposals | (20,600) | (20,600) | ||
| At 31March 2021 | 93,750 | 56,013 | 19,631 | 169,394 |
| Net book value | ||||
| At 31March 2021 | 656,250 | 29)725 | 13,841 | 699,816 |
| At 31March 2020 | 671,250 | 39,356 | 17,189 | 727,795 |
| 12 Debtors |
||||
| Group 2021 |
Group 2020 |
Charity 2021 |
Charity 2020 |
|
| 5 | ||||
| Other debtors | 2,887,750 | 16,725 | 2,887,750 | 16,725 |
| Dividends and interest receivable |
59,112 | 60,500 | 54,042 | 52,875 |
| 2,946,862 | 77,225 | 2,941,792 | 69,600 |
| 3 Credito |
rs: amounts falling |
due within on | e year | ||
|---|---|---|---|---|---|
| Group | Group | Charity | Charity | ||
| 2021 | 2020 | 2021 | 2020 | ||
| Other creditors | and accruals | 320,763 | 275,428 | 320,763 | 275,428 |
| Taxation and social security costs | 23,820 | 20,833 | 23,820 | 20,833 | |
| Grants payable | 643,129 | 1,041,705 | 643,129 | 1,033,356 | |
| 987,712 | 1,337,966 | 987,712 | 1,329,617 |
| 4 |
Credito | rs: | amounts fallin |
g due after more | than one | year | |
|---|---|---|---|---|---|---|---|
| Group | Group | Charity | Charity | ||||
| 2021 | 2020 | 2021 | 2020 | ||||
| Other | creditors | and | accruals | 869,350 | 933,680 | 869,350 | 933,680 |
| Group | Charity | |||
|---|---|---|---|---|
| At 1 April 2020 | 75,904,379 | 73,414,960 | ||
| Transfers between funds: |
||||
| Total returns endowment |
withdrawal | (2,712,850) | (2,712,850) | |
| Transfers to endowment | from income funds | 17,518 | 17,518 | |
| Exceptional withdrawal | from endowment | funds | (50,000) | (50,000) |
| Net gain before transfers | 20,247,648 | 19,691,552 | ||
| At 31March 2021 | 93,406,695 | 90/61,180 |
| s made arequest that they are appl arch 2021 have received sufticient |
ied in one area funds to return |
or field. Since th them to credit. |
e year end th | e funds in deiic | it at 31 |
|---|---|---|---|---|---|
| Other | |||||
| At 1 April 2020 |
Income &transfers |
Grants | outgoings &transfers |
At 31March 2021 |
|
| giwll Frank Actield Akzo Nobel International Paint |
6,835 3,325 |
926 16,830 |
5,000 16,159 |
1,300 | 1,835 926 2,696 |
| Akzo Nobel International Paint |
|||||
| Community First Abbot Memorial Grants Asian |
1,100 | 5,487 | 780 | 1,100 4,707 |
|
| Stuart Ayre Nancy Barbour Award Jeremy Beecham Schools Bellingham Berwick Academy Endowment |
9,126 500 3,366 19,640 |
1,765 5,269 667 2,481 8,518 |
1,765 10,000 6,000 3,110 |
(5,000) | 4,395 167 2,737 28,158 |
| Blackett Family Community First |
3,843 | 3,842 | |||
| EDF Energy Blyth Offshore | |||||
| Demonstrator Wind Farm Community Benefit |
(33,360) | 124,374 | 51,529 | 11,307 | 28,178 |
| Enid Blyton Fund for Seven Stories |
43,654 | 43,654 | |||
| Bowey Community First |
923 | (923) | |||
| Ron &Louise Bowey Grassroots Carolyn and Tony Brookes |
(236) 941 |
12,682 2,744 |
7,386 3,500 |
5,060 185 |
|
| Bumell Community First |
|||||
| Lawrence Campbell Community First Canford Audio Capacitybuilders CPP Chapman Chronicle Sunshine Comic Relief Community Cash |
1,069 679 5,458 25,288 45 |
2,806 477 23,695 10,150 |
1,000 0 25,140 55,150 |
(45,000) 45 |
3,875 156 5,458 23,843 |
| Comic Relief Local | |||||
| Communities | |||||
| The Community Infrastructure Levy (CIL) Sir Tom Cowie Abigail &Stephen Crampton CrecheMobile Culture Bridge The Louise Dalton Duncan & Sarah Davidson Pamela and Doroth Denham Carried forward |
35,704 84,047 1,371 29 1,417 167,273 |
68,619 1,705 36,651 6,907 305 5,715 2424 387,771 |
35,704 48,088 2,500 6,600 4,000 1,392 328,457 |
3,000 2 449 (28,056) |
104,578 576 33,651 313 305 1,744 254,643 |
| Notes to the financial statements for the year continued) |
Notes to the financial statements for the year continued) |
Notes to the financial statements for the year continued) |
ended 31 | March 202 | 1 |
|---|---|---|---|---|---|
| 17 Income funds - restricted (continued) |
|||||
| Other | |||||
| At 1April 2020 |
Income &transfers |
Grants | outgoings &transfers |
At 31March 2021 |
|
| Brou t forward |
167,273 | 387,771 | 328457 | 28 056) | 254,643 |
| Pamela Denham Community |
|||||
| First Pamela Denham Grassroots |
1,139 | 470 | 1,363 | 246 | |
| David Dockray's West End Young People' s Dream Jar Andrew and Charlotte Dixon |
(56) 3,034 915 |
42,938 1,851 1,208 |
42,189 3,250 1,800 |
693 1,635 323 |
|
| The Edwin John Easydorchik Travelling Scholarship Enviresearch Evangelical Express Enterprise FARNE David &Gitta Faulkner |
7,724 20,591 26,253 153 17,954 2,639 |
5,336 10,000 7,792 1,095 22,425 1,915 |
9,871 28,345 0 30,284 4,000 |
1,000 | 13,060 19,720 5,700 1,248 10,095 554 |
| Fausta and Rosemary | |||||
| Community First Fergusons ofBlyth |
1,147 | 7,191 | 8,338 | ||
| Fogo Community First Gateshead Thrive |
10,529 | 10,000 | 529 | ||
| David Goldman Awards Allison Greenlees Continuation |
27,630 5,706 |
27,630 3,000 |
2,706 | ||
| The EDFEnergy Green Rigg Wind Farm Community Benefit |
4,050 | 40,624 | 35,065 | 9,075 | 534 |
| The EDF Energy Renewables | |||||
| Barmoor Windfarm Community Benefit Jackie Haq Fund for Scotswood Henderson Family Heyman Travelling Scholarships Joy Higginson High Sheriff ofNorthumberland |
11,759 859 8,301 3,227 22,604 |
144,495 1,952 609 9,495 1,277 50,854 |
41,105 1,500 36,250 |
13,136 (250) |
102,013 1,311 609 17,796 4,504 37,458 |
| Hokey Cokey Community First |
|||||
| Hoult Family Community First Hoult Family Grassroots |
3,098 | 2,436 | 3,000 | 2,534 | |
| The HunterPemberton Community First JesDesStaff |
2,379 | 2,051 726 |
1,000 | 3,430 726 |
|
| RWE Renewables UK Kiln Pit Hill Wind Farm Community Josephs Family JPMorgan Kellett Kerry Community First Kerry Grassroots June King Latterford Carried forward |
5,860 965 2,414 422,041 429 2,563 3,934 378 754,]56 |
19,772 1,233 2,266 350,929 1,259 3,036 3,697 647 1,160,686 |
20,993 2,403 335,818 1,000 3,700 970,660 |
1,798 (1,934) |
2,841 2,198 2 277 437, 152 688 5,599 3,931 I 025 946,116 |
| 17 Income funds -rest |
ricted (con |
tinued) | |||
|---|---|---|---|---|---|
| Other | |||||
| At 1April 2020 |
Income &transfers |
Grants | outgoings &transfers |
At 31March 2021 |
|
| Brou ht forward Lendrum Community First Capt. C.D.Leyland Linden Community First Local Environmental Action George Loggie |
754,156 399 5,954 47,856 1,100 |
I 160686 1,736 3,799 0 13,028 1,154 |
970660 4,200 5,766 2,238 |
I 934) | 946,116 2, 135 5,553 55,118 16 |
| Lady Betty Martin Fund within the North East Fund for the Arts |
513 | 7,746 | 3,713 | 4,546 | |
| Grigor McClelland Community First |
804 | 804 | |||
| Moor Nash NEF Grassroots NET Coronavirus Appeal NET DCMS BigNight In match Newcastle Culture Investment |
1,682 1,683 50,000 51,205 |
1,587 9,552 1,577 1,122,724 415,096 628,630 |
3,269 4,568 1,044,483 393,896 623,383 |
73,636 21,200 22,500 |
4,984 3,260 54,605 33,952 |
| Newcastle Dispensary Relief in Sickness |
74,505 | 7,207 | 67,298 | ||
| North East Endowment for Musical Traditions North East Fund for the Arts North East Social Investment |
3,394 6,440 2,689,294 |
5,787 5,147 |
4,184 | 167,294 | 9,181 7,403 2,522,000 |
| Northern Angel Fund for Berwick |
623 | 24,559 | 19,589 | 5,593 | |
| Northern Powergrid Community Energy Seed |
562 | 562 | |||
| Northern Rock Foundation Legacy Grants North Tyneside Northumberland Group |
11,510 26 33,747 |
1,654 31,618 |
33,596 | 11,510 | 1,680 31,769 |
| Northumberland Village Homes Trust |
174,766 | 108,993 | 7,994 | 57,779 | |
| Northumberland Wildlife Trust Out &About |
5,623 | 1,667 4,987 |
1,667 (556) |
11,166 | |
| The Pargiter Trust Anne &David Parker Partnership programme Patch |
65,341 23,542 |
50,000 10,000 14,318 |
45,000 9,000 30,000 |
5,000 1,000 |
65,341 7,860 |
| Pea Green Boat Community | |||||
| First | (1,555) | 29,032 | 26,791 | ||
| Pen &Palette Club Fund within the North East Fund for the Arts Percy Family Philanthropy House Platten Family Community First Prudhoe League of Friends Geoffrey and Ann Purves |
5,669 78 749,893 463 |
4,531 8,683 3,468 1,127 |
4,900 5,500 700 |
427 | 5,300 3,261 749,893 463 3,468 |
| Ray Wind Farm Small Grants Programme |
100,631 | 2,074 | 88,870 | 10,000 | 3,835 |
| Readman Communi First Carried forward |
4,610,633 | 3,815,238 | 3,434,410 | 326,396 | 4,665,065 |
| 39 |
| 17 Income funds |
-res | tricted (co |
ntinued) | |||
|---|---|---|---|---|---|---|
| Other | ||||||
| At I April 2020 |
Income &transfers |
Grants | outgomgs &transfers |
At 31March 2021 |
||
| Brou t forward Readman Family Grassroots Readman Foundation Carrie Reay Grassroots |
4,610633 22,656 61,355 3,050 |
3 815,238 66,253 3,644 |
3,434410 79,440 28,000 1,060 |
326396 2,800 |
4665 065 9,469 30,555 5,634 |
|
| REEDS Community First REEDSGrassroots Riddell Family Community Riding Grange Grassroots Jane Robertson Alnwick Roseline Foundation Brian Roycroft |
First | 22,309 3,240 2,029 3,917 6,239 |
24,421 15,221 3,059 3,914 100,000 19,828 |
21,815 11,442 2,900 2,000 10,401 |
8,750 | 24,915 7,019 2,188 5,831 91250 15,666 |
| RWE Innogy UK Middlemoor Wind Farm Community Sage Gateshead Smail Family Henry Smith Charity Sowler Family UK Charitable |
73,498 748 26,100 |
106,544 663,698 4,221 (40,506) 37,500 |
54,513 663,698 4,505 (14,406) 33,000 |
21,587 4,500 |
103,942 464 |
|
| Spriggs Family Community | ||||||
| First | ||||||
| Shohba &Trikoli Srivastava Community First |
679 | 210 | 298 | 591 | ||
| Sunderland Industrial & Reformatory School Suz Grassroots |
1,154 1,670 |
1,186 1.,564 |
800 | 1,540 3,234 |
||
| Taylor Third Sector Trends Thornton Family Grassroots Three Valleys Tiny Lives |
9,493 (1,007) 1,348 2,827 |
18,961 20,000 3 772 11,057 91,401 |
28,454 3,100 91,401 |
500 13,884 |
18,993 ],520 |
|
| Tyne &Wear High Sheriff Awards |
17,204 | 57,376 | 57,750 | (250) | 17,080 | |
| Tyne &. Wear High Sheriff | ||||||
| Community First Tyne &Wear Grassroots |
842 | 791 | 839 | 794 | ||
| Ventient Sisters Norih Steads Wind Farm Community Benefit Vicky F Grassroots Virgin Money Vital Gateshead Vital Newcastle Vital North Tyneside Vital Northumberland Vital South Tyneside Vital Sunderland Ted Weekes The Wellesley Trust |
46,674 849 2,129 12,080 13,905 5,022 22,233 4,930 17,632 13,356 214,015 |
297,034 1,311 3,383 7,361 5,448 1,526 17,521 1,387 6,677 12,520 274,178 |
94,600 4,000 11,500 12,500 5,037 22,000 5,000 16,055 9,941 425,992 |
28,304 10,000 |
220,804 2,160 1,512 7,941 6,853 1,511 17,754 1,317 8,254 15,936 52,200 |
|
| The Wellesley Trust |
||||||
| Community First |
||||||
| The 1989Willan Charitable Till st Carried forward |
5,222,809 | 263,231 5,920,930 |
231 742 5,353,489 |
12,341 429,110 |
19,148 5,361,140 |
|
| 40 |
| Other |
|---|
| At 1April Income 2020 &transfers outgoings Grants &transfers At 31March 2021 |
| E |
| Brou ht forward 5,222 809 5920930 5 353489 429 110 5361 140 Mark and lan Wilson Family Wood CH Wood Women' s 2,038 2,193 1,500 2,731 2,575 6,928 7,100 2,403 4,783 4,783 10,879 31,109 40,500 3 1,485 |
| Women's Community First Youn Musician's I677 6276 4 835 3 118 Total Communit Foundation 5239,978 5972,219 5407 424 429,113 5,375,660 Joseph Brough Charitable Trust 73,969 39,007 78,447 30 34,499 |
| Tyne and Wear Foundation Trust 57,705 17,545 3,056 72,194 |
| Tyne &Wear Foundation Limited 30 30) Total Grou 5 371622 6028771 5488 927 429 143 5482,323 |
| Income and transfers include credits off1,405,523 transferred from the main and ethical endowment |
| funds to distribute as income on a total returns basis and %30,500ofother transfers. Other outgoings include transfers between funds off279,361,net transfer credit from endowment off32,482, amortisation ofProgramme Related Investments off167,294 and other fund expenses of$14,940.The Women's Fund includes income from People ofWard Hadaway in memory ofSue Watts fund, Fausta and Rosemary Community First fund and Pamela and Dorothy Denham fund, Brian Roycroft fund includes income from the Tessa Hide fund, Local Environmental fund includes income from Ivy and Gilbert Purvis fund and Sandra King Rainy Day fund, and High Sheriff ofNorthumberland Youth fund includes income from the |
| Bumell Family and Community First funds. |
ce the year end the funds in de dit. |
ticit at 31 March 2 | 021 have receive | d sufficient f | unds to return t |
hem to |
|---|---|---|---|---|---|
| Other | |||||
| At 1 April 2020 |
Income &transfers |
Grants | outgoings &,transfers |
At 31March 2021 |
|
| Adderstone Anonymous Appletree |
394 4,639 2,304 |
11,615 3,118 25,013 |
10,000 20,070 |
3,250 | 2,009 7,757 3,997 |
| Ashington Community Development Trust Barley Hill Barnes Christopher Beadle Charles Robert Bell John Bell Bellway Sara Alexandra Bernstone Carried forward |
2,909 3,028 6,017 (961) 52,444 3,552 57 74,383 |
3,615 3,723 7,241 5,108 13,681 62,929 2,879 4,743 143,665 |
2,404 9,000 7,540 12,720 62,443 3,263 4 000 131,440 |
3,250 | 4, 120 3 723 1,269 3,585 52,930 3„168 800 83,358 |
| 41 |
| 8 Income funds |
-unr | estricted (c |
ontinued) | |||
|---|---|---|---|---|---|---|
| Other | ||||||
| At I April 2020 |
Income &transfers |
Grants | outgoings &transfers |
At 31March 2021 |
||
| Brou t forward |
74 383 | 143665 | 131,440 | 3250 | 83,358 | |
| Bonas Machine Company Ron and Louise Bowey Dawn Brown Stephen Byers The Muriel Campbell Carr-Ellison Charitable Trust Carroll Savage Chrysalis Daphne &Martin Cookson Roland Cookson |
794 41,171 1,011 2,199 6,370 1,728 61 |
1,804 36,626 1,333 7,551 1,421 10,334 5,815 1,849 4,995 68,013 |
2,000 35,720 2,920 9,750 4,000 68,013 |
22,947 | 598 19,130 2,344 6,830 1,421 6,954 5,815 3,577 1,056 |
|
| Roland Cookson Community Coquet |
(3,434) | 19,140 30,000 |
10,500 10,729 |
6,015 3,600 |
(809) 15,67] |
|
| Coronavirus Response Recovery Crozier Curtain PARP |
and | 448,234 10,753 |
691,837 2,235 43,754 |
229,258 22,298 |
35,082 2,235 |
875,731 32,209 |
| John D Endowment Dickon Trust Elgon Fogo |
(98) 9,873 2,093 7,760 |
12,925 71,190 1,077 32,602 |
15,000 80,432 21,500 |
(2,173) 631 3,170 18,862 |
||
| Gateshead Housing |
||||||
| Company Community George and Peggy The Giving Network |
939 1,443 10,121 |
60 5,346 19,686 |
1,000 19,615 |
977 | 6,789 9,215 |
|
| Margaret and Dorothy Gordon Memorial |
297 | 1,177 | 750 | 724 | ||
| Groves Family | 3,334 | 5,133 | 1,000 | 7,467 | ||
| Michael and Christine | ||||||
| Heppell | 3,750 | 3,133 | 500 | 6,383 | ||
| The Hokey Cokey (that' s what it's all about) I'Anson Family Ifonly. .. Sir James Knott John Laing William Leech Charity Leech Challenge Linden Family FB&PFBLough Grigor McClelland Daisy Marr Maudslay Family G SMay Family Mclntosh Milbum Briel Muckle LLP |
1,734 1,450 156 722 7,460 (1,691) 34,825 9,276 6,652 2,636 3,761 1,402 6,332 |
3,067 2,701 1,486 2,051 5,049 22,089 3,250 92,547 100,327 13,930 28,557 2,310 5,768 1,392 3,481 37,866 |
1,000 1,400 1,500 2,051 1,440 96,861 130,987 10,000 22,479 4,245 4,500 2,500 19,348 |
500 1,710 3,180 |
3,801 2,751 142 4,331 29,549 3,250 (6,005) 4„165 13,206 12,730' 701 4,529 1,084 981 21,670 |
|
| Newcastle Brown Ale |
2,582 | 4,887 | 7,469 | |||
| Newcastle Building Society Communi |
11,535 | 284,384 | 256,906 | 23,357 | 15,656 | |
| Carried forward | 711,614 | 1,837,843 | 1,221,642 | 110,321 | 1,217,494 | |
| 42 |
| 18 Income funds - u |
nrestri | cted (co |
ntinued) | |||||
|---|---|---|---|---|---|---|---|---|
| Other | ||||||||
| At I April 2020 |
Income & |
Grants | outgoings &transfers |
At | 31 March 2021 |
|||
| transfers | ||||||||
| Brou t forward Emma Newton North East Brewers |
711,614 2,652 6,531 |
1,837 843 4,898 6,134 |
1,221,642 4,510 6,500 |
110,321 | 1,217,494 3,040 6,165 |
|||
| Northern Powergrid Northumbrian Water Opencast Charitable Pattinson Estate Agents |
(79) 4,909 |
16,395 5,946 50,000 6,493 |
16,316 5,909 27,000 8,500 |
5,000 | 37 18,000 2,902 |
|||
| Philanthropy North East Story Platten Family PricewaterhouseCoopers Prime Proudfoot Family P&G Guy Readman endowment Ringtons Rolls-Royce St Cuthbert's |
(2,104) 322,316 1,754 (1,983) 31 1,559 273,931 14,757 2,699 9,417 |
2,104 76,703 1,821 27,603 1,364 55,231 125,416 48,277 2,534 2,052 |
57,207 3,125 23,644 56,570 59,000 24,625 |
5,566 23,000 |
336,246 450 1,976 1,395 220 340,347 15,409 5,233 11,469 |
|||
| Johnnie &Tricia Smith and Family Barry &Fags Speker Spriggs Family Squires Foundation |
660 721 354 2,611 |
4,044 1,211 1,097 57,806 |
1,000 800 1,450 50,035 |
6,363 | 3,704 1,132 I 4,019 |
|||
| Shobha and Triloki Srivastava Grassroots Star TESS Brian &Margaret Thompson Treeline Vaux Ward Hadaway Watkin Family Watson Family Weightman Welch Family Wide Open Road Willis Charitable |
1,074 7,688 1,411 295 224 8,677 485 11,319 1 1,610 1,277 459 |
2,527 9,616 3,017 3,938 3,896 8,148 4,782 27,648 2,555 1,300 5,789 1,011 |
11,000 1,733 4,000 8,636 38,886 3,000 4,000 |
1,740 I 150 1,897 |
3,601 6,304 4,428 2,500 120 8,189 3,527 81 1,015 680 1,789 1,470 |
|||
| The Lucy Winskell Winter Family Robert Wood Trust |
4,506 (520) |
1,126 15,335 4,320 |
I,126 19,860 3,992 |
(19) (192) |
||||
| Other general grant-making funds Total designated funds Administrative fund Total Communit Foundation Total Grou |
244 158 1,635,014 635 104 2 270118 2270118 |
319,388 2,749,368 I 251 051 4 000,419 4 000,419 |
8 000 1,656,066 I 656066 1,656066 |
187835 341,873 1 108386 1,450,259 I 450,259 |
383 711 2,386,443 777769 3 164212 3164,212 |
|||
| Income and transfers include 81,307,327 transferred |
from the main | and ethical endowment funds |
to | |||||
| distribute as income on a total returns basis and 6599,491ofother transfers. Other |
outgoings and |
transfers | ||||||
| consist of6350,630 transferred | between | funds, f875,602 staff costs, K8,252 designated | fund expenses | and | ||||
| other net administrative costs of f215,775. |
| oup | ||||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | 2021 | |||
| funds | funds | funds | Total | |||
| Investments | 797,914 | 90,411,682 | 91,209,596 | |||
| Tangible | fixed assets | 43,566 | 656,250 | 699,816 | ||
| Current assets | 3,345,536 | 5,524,957 | 3,130,387 | 12,000,880 | ||
| Current | liabilities | (224,890) | (627,448) | (135,374) | (987,712) | |
| Creditors | due after one year | (869,350) | (869,350) | |||
| Total net | assets | 3,164,212 | 5,482,323 | 93,406,695 | 102,053,230 | |
| arity | ||||||
| Unrestricted | Restricted | Endowment | 2021 | |||
| funds | funds | funds | Total | |||
| Investments | 798,014 | 87,436,491 | 88,234,505 | |||
| Tangible | fixed assets | 43,566 | 656,250 | 699,816 | ||
| Current | assets | 3,345,536 | 5,418,194 | 3,060,063 | 11,823,793 | |
| Current | liabilities | (224,890) | (627,448) | (135,374) | (987,712) | |
| Creditors | due after one year | (869,350) | (869,350) | |||
| Total net assets | 3, 164,212 | 5,375,660 | 90,361,180 | 98,901,052 |
| Total | Total | |||
|---|---|---|---|---|
| 2021 | 2020 | |||
| Turnover | ||||
| Cost ofsales | ||||
| Operating | profit | |||
| Administrative | costs | |||
| Net profit |
| 1 Subsidiary company and charities (contin |
ued) | |
|---|---|---|
| The aggregate ofthe assets and liabilities was: | Total | Total |
| 2021 | 2020 | |
| Assets | 70 | 70 |
| Liabilities | ||
| Net assets | 70 | 70 |
| Total | Total | |||||
|---|---|---|---|---|---|---|
| 2021 | 2020 | |||||
| Investment | income | 43,945 | 60,702 | |||
| Donations | and | legacies | 62 | |||
| Charitable | activities | (83,477) | (15,030) | |||
| Investment | management | costs | (7,120) | (7,529) | ||
| Gains/(losses) | on investments | 408,381 | (232,564) | |||
| Net movement | in funds | 361,791 | (194,421) | |||
| The aggregate | of | the assets, | liabilities | and funds was: | ||
| Total | Total | |||||
| 2021 | 2020 | |||||
| Assets | 2,210,378 | 1,856,936 | ||||
| Liabilities | (8,349) | |||||
| Funds | 2,210,378 | 1,848,587 |
| Represented | by: | Total | Total | |
|---|---|---|---|---|
| 2021 | 2020 | |||
| Permanent | endowment | fund | 2,175,879 | 1,774,618 |
| Restricted funds | 34,499 | 73,969 | ||
| Funds | 2,210,378 | 1,848,587 |
| Total | Total | |||
|---|---|---|---|---|
| 2021 | 2020 | |||
| Investment | income | 21,891 | 27,904 | |
| Investment | management | costs | (5,515) | (6,731) |
| Charitable | activities | (7,402) | (11,564) | |
| (Losses)/gains on investments |
160450 | (112,780) | ||
| Net movement in funds |
169,324 | (103,171) |
| Total | Total | |
|---|---|---|
| 2021 | 2020 | |
| Assets | 941,830 | 772,506 |
| Liabilities | ||
| Funds | 941,830 | 772,506 |
| Represented | by: | Total | Total | |
|---|---|---|---|---|
| 2021 | 2020 | |||
| Permanent | endowment | fund | 869,636 | 714,801 |
| Restricted funds | 72,194 | 57,705 | ||
| Funds | 941,830 | 772,506 |
| Organisation | Director/employee | involved | Relationship | Total grants |
|---|---|---|---|---|
| Charlotte Straker Project |
Lady Blackett | Trustee | 82,813 | |
| Derwenthaugh Boat Station |
Lucy Winskell OBE | Honorary | 6,750 | |
| President | ||||
| Newcastle Carers |
Sandra King | Volunteer | 6,000 | |
| Mentor | ||||
| Newcastle upon Tyne |
JIIIBaker | Non- | 54,000 | |
| Hospitals NHS Foundation | Executive | |||
| T111st | Director | |||
| New Writing North North East Theatre Trust |
Claire Malcolm Lucy Winskell OBE |
Employee Trustee |
20,000 11,126 |
|
| Northumberland Wildlife |
Sandra King | Wildlife | 9,398 | |
| Trust | Ambassador | |||
| November Club |
Rob Wiuiamson | Trustee | 5,626 | |
| Voluntary Organisations |
Robin Fry | Employee | 40,000 | |
| Development Agency, North |
||||
| Tyne side |
| conciliation ofnet in |
come | to net cash flow from operating | activities | |
|---|---|---|---|---|
| 2021 | 2020f | |||
| Net income/(deficit) | for the year | 18,507,111 | (5,551,820) | |
| Adjustments for: |
||||
| Receipt ofendowment | (3,776,143) | (4,929,481) | ||
| Depreciation charges |
32,555 | 34,158 | ||
| (Gains)/loss on endowment |
investments | (1.6)708,410) | 7,369,817 | |
| Loss on disposal of fixed assets | ||||
| Losses on programme | related investments | 167,294 | 115,597 | |
| Dividends and interest |
from | investments | (1,926,609) | (2,295,650) |
| (increase)/decrease in debtors |
(2,869,637) | 24,815 | ||
| Decrease in creditors | (414,584) | (1,374,681) | ||
| Net cash used in operating | activities | (6,988,423) | (6,607,245) |
| alysis ofc | ash and cash equivalents | ||
|---|---|---|---|
| 2021 | 2020 | ||
| Cash at bank and in hand | 3,516,638 | 2,430, 132 | |
| Short-term | deposits | 5,537,380 | 6,030,934 |
| Total cash | and cash equivalents | 9,054,018 | 8,461,066 |