2022-03-31-accounts - Community Foundation North East

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Annual report for the year ended 31March 2022..
Independent Auditors' Report to the Members ofCommunity Foundation Northumberland.	serving Tyne Et Wear and	.13
Consolidated statement offinancial activities for the year ended 31March	2022................................	...17
Consolidated income and expenditure account for the year ended 31March 2022..............................		...18
Balance sheets as at 31 March 2022 ..		.19
Consolidated cash flow statement for the year ended 31 March 2022 .		.20
Notes to the financial statements for the year ended 31 March 2022		.21


Fiona Cruickshank OBE —Chair to October		2021		(G,F&A
appointed December 2020, resigned October Phil Moorhouse —Chair from October 2021		2021		(G,F&A,
co-opted October 2021 Geoffrey Hodgson —Deputy Chair				Nom) (G,F&A,
co-opted June 2013,elected October 2013
Paul Farquhar -Treasurer				(G,F&A,
co-opted March 2018
Jill Baker
co-opted June 2019
Anna, Lady Blackett				(Inv)
co-opted December 2015
Michael Brodie CBE				(Nom)
co-opted February 2020
Robin Fry				iNom)
appointed December 2020
Andrew Haigh				(Inv)
elected December 2016
Colin Hewitt				(Inv)
elected October 2021
Claire Malcolm MBE				(G,F&A)
co-opted March 2019
Patrick Melia				(Inv)
appointed December 2016to represent	statutory		authorities
Laura Warwick				(Nom)
appointed November 2018
1Veil Warwick OBE				(Inv)
co-opted December 2015, elected November		2016,resigned October 2021
Lucy Winskell OBE				(G,F&A)
elected December 2016

Fund type			No ofgrants	Total awards
Individual and family funds			469	2,202,918
Corporate funds			302	1,254,098
Charity and trust funds			315	1,809,358
Collective funds			196	1,188,040
Projects and partnership		funds	70	1,188,612
Agency funds (benefiting		a named organisation)	24	930,984
Total grants awarded	by the full Group		1,376	8474,010

The targets for the period are below.
KEYPERFORMANCE INDICATORS		2020-25 TARGET
Total endowment value		g105m
Rolling average annual gifts to endowment
Annual gifts to revenue and programme funds		%2.6m
Percentage oftotal grants from endowment	funds	70%

r the year ended	31M	arch	2022
		Note	Unrestricted	Restricted	Endowment	Total	Total
			funds	funds	funds	2022	2021
Income and endowments	from:
Donations and legacies		3	633,889	2,538,910	1,317,427	4,490,226	8,479,425
Charitable activities		4	39,325			39@25	54,458
Other trading activities							2,000
Investment income		6	1,009,695	831,458		1,841,153	1,926,609
Total income and endowments			1,682,909	3,370,368	1,317,427	6,370&704	10,462,492
Expenditure on:
Raising funds		8	221,985			221985	218 100
Investment management	costs				266,392	266,392	236,905
Charitable activities		9	4,037,221	5,477,172		9,514,393	8,041,492
Total expenditure			4,259,206	5,477,172	266,392	10,002,770	8,496,497
Net (losses)/gains on investments				(142,000)	5,813,762	5,671,762	16,541,116
Net (loss)/income			(2,576,297)	(2,248,804)	6,864,797	2,039,696	18,507,111
Transfers between funds			2,048,903	2,285,263	(4,334,166)
Net movement in funds			(527,394)	36,459	2,530,631	2,039,696	18,507,111
Reconciliation offunds:
Total funds brought forward			3,164,212	5,482,323	93,406,695	102,053,230	83,546,119
Total funds carried forward			2,636,818	5,518,782	95,937,326	104&092,926	102,053,230

				Note	2022	2021
Income - continuing	operations
Donations and legacies					3,172,799	4,703,282
Charitable activities					39,325	54,458
Other trading activities						2,000
Investment income				6	1,841&153	1,926,609
					5,053,277	6,686,349
Expenditure -continuing		operations
Grants				9	8,535,156	7,144,993
Staff costs				10	900,062	875,602
Other costs					301,160	238,997
					9,736,378	8,259,592
Net loss on investments					(142,000)	(167,294)
Net loss for the year	before transfers		and taxation		(4,825,101)	(1,740,537)
Transfer &om endowment		fund			4,334,166	2,745,332
Taxation				16
Net (deficit)/surplus	for	the year			(490,935)	1,004,795

				Group	Group	Charity	Charity
			Note	2022	2021	2022	2021
Fixed assets
Endowment fund investments			11	95,660,736	90,411,682	92,635,526	87,436,491
Programme related and other				856,809	797,914	S56,909	798014
investments
Tangible assets			12	685&882	699,816	685,882	699,816
Total fixed assets				97,203,427	91„909,412	94,178,317	88,934,321
Current assets
Debtors			13	122,193	2,946,862	118,594	2,941,792
Assets held for resale				14,000		14,000
Cash on short-term	deposit			5,543,905	5,537,380	5,543,905	5,537,380
Cash at bank and in	hand			3,761,173	3 516638	3&518&465	3 344 621
Total current assets				9,441,271	12,000,880	9,194,964	11,823,793
Creditors: amounts within one year		falliag due	14	(1,814,962)	(987,712)	(1,S10,522)	(987,712)
Net current assets	less current		liabilities	7,626,309	11,013,168	7,384,442	10,836,081
				104,829,736	102,922,580	101,562,759	99,770,402
Creditors: amounts		falling due
after more than one		year	15	(736,S10)	(869,350)	(736,810)	(869,350)
Total assets				104,092,926	102,053,230	100,825,949	98,901,052
The funds ofthe charity:
Endowment funds			17	95,937,326	93,406,695	92,757,278	90,361,180
Restricted income funds			18	5,518,782	5,482,323	5,431,853	5,375,660
Unrestricted income		funds	19	2&636,818	3,164,212	2,636,81S	3,164,212
Total charity funds				104,092,926	102,053,230	100,825,949	98,901,052

					2022	2021
				Note
					g
Cash flows from operating	activities:
Net cash used in operating	activities			24	(3,251,559)	(6,988,423)
Cash flows from investing	activities:
Dividends and interest from	investments				1,841,153	1,926,609
Purchase offixed assets					(19,774)	(4,576)
Proceeds from the sale ofinvestments					15,667,653	14,768,526
Purchase ofinvestments					(15,102,945)	(12,765,385)
Programme related investments drawn		down			(200895)	(119942)
Net cash provided by investing activities					2,185,192	3,805,232
Cash flows from financing	activities:
Receipt ofendowment					1,317,427	3,776,143
Net cash provided by financing activities					1,317,427	3,776,143
Change in cash and cash equivalents		in the	year		251,060	592,952
Cash and cash equivalents	at the beginning		ofthe year	24	9,054,018	8,461,066
Cash and cash equivalents	at the end	ofthe	year	24	9,305,078	9,054,018

		Unrestricted	Restricted	Endowment	Total
		funds	funds	funds	2021
Income and endowmeuts	from:
Donations and legacies		1,127,564	3,575,718	3,776,143	8,479,425
Charitable activities		54,458			54,458
Other trading activities		2,000			2,000
Investment income		909,579	1,017,030		1,926,609
Total income and endowments		2,093,601	4,592,748	3,776,143	10,462,492
Expenditure on:
Raising funds		218,100			218,100
Investment management	costs			236,905	236,905
Charitable activities		2,537,595	5,503,897		8,041,492
Total expenditure		2,755,695	5,503,897	236,905	8,496,497
Net (losses)/gains on investments			(167,294)	16,708,410	16,541,116
Net (loss)/income		(662,094)	(1,078,443)	20,247,648	18,507,111
Transfers between funds		1,556,188	1,189,144	(2,745,332)
Net movement in funds		894,094	110,701	17,502,316	18,507,111
Reconciliation offunds:
Total funds brought forward		2,270,118	5,371,622	75,904,379	83,546,119
Total funds carried forward		3,164,212	5,482,323	93,406,695	102,053,230

	2022	2021
Donations	4,488,860	5,608,808
Legacies	1466	2,870,617
	49490,226	8,479,425

			2022	2021
Other	charitable	activities	39,325	54,458

			2022	2021
			8
Other	trading	activities		2,000

				2022	2021
Dividends	and interest from endowment		fund assets	1,825,343	1,901,769
Interest receivable		on cash deposits		15,810	24,840
				1,841,153	1,926,609

pport cos ivities.	ts a	nd overheads have been apportioned	using the basis	of staff time spent	on the various
			Raising	Charitable	Total	Total
			funds	activities
					2022	2021
Support	staff costs		25,178	148,861	174,039	183,086
Governance		staff costs	7,723	45,662	53,385	55,495
Overhead	costs		41,484	187,064	228448	165,183
Governance		direct costs	4,836	21,806	26,642	22,283
			79,221	403,393	482,614	426,047
Included	in	overhead costs are the following:			2022	2021
Auditors'	remuneration —audit services				7,650	7,650
Depreciation					33,402	32,555
Loss on	disposal offixed assets				306

	2022	2021
	8
Staff costs	130,472	131,973
Direct costs	12,292	12,639
Support costs (Note 7)	79,221	73,488
	221,985	218,100

Charitable activities e Community Foundation serving Tyne k Wear and ivities through grant-making.	Northumberland undertakes its charitable
	2022	2021
Grants payable	8,535,156	7,144,993
Staff costs	542,166	505,048
Direct costs	33,678	38,892
Support costs (Note 7)	403,393	352,559
	9,514,393	8,041,492

			2022	2022	2021	2021
				Number		Number
Other charities and voluntary		organisations	8,466,087	1,257	7,126,415	1,251
Individuals			107,923	119	90,568	80
Total new grants awarded	in	the year	8,574,010	1,376	7,216,983	1,33I
Grants cancelled			(38,854)		(71,990)
Total grant expenditure			8,535,156		7,144,993	1,331

Staff costs comprise the following:	2022	2021
Wages and salaries	778,171	757423
Social security costs	74,163	72,760
Other pension costs	47,728	45,519
	900,062	875,602

	5April	5 April
	2022	2021
Mean gender pay gap	14%	12%
Median gender pay gap	12%	11%

During the year employees	2022	2021
following bands:	Number	Number
560,000 tof70,000
f80,000tof90,000
f90,000to5100,000

dowment	fund inve	s	tments	-Group
						Deposit &
					Listed	other cash	Freehold
					investmeats	balances	property	Total
At valuation						8
At I April	2021				88,783,831	1,251,351	376,500	90,411,682
Additions/movement			in the	year	14,095,829	1,021,116	(14,000)	15,102,945
Disposals	in the year				(15,667,653)			(15,667,653)
Realised losses in the			year		(86,012)			(86,012)
Unrealised	gains in the year				5,897,274		2,500	5,899,774
At 31March 2022					93&023&269	2&272&467	365&000	95,660,736
At cost
At31March 2022					72,541,977	2,272,46'7	254,000	75,068,444
At 31March 2021					69,699,317	1,251,351	266,500	71,217,168
							2022	2021
							Market	Market
Listed investments		are detailed as follows:					Value	Value
							6
UK Fixed	Interest						4,851,809	5,190,040
UK Equities							20,011&034	20,163,855
Property							1,463,315	1,380,581
Overseas	Fixed Interest						2@25,674	2,277,484
Overseas	Equities						32,140,913	33,073,554
Collective	Investment		Schemes				24,160,666	19,868,001
Other							8,069,858	6,830,316
							93,023,269	88,783,831

11 Investments (continued)
Programme Related Investments —Charity and Group
	Total
Loaned amounts
At I April 2021	1,275,914
Advances during the year	200,895
Repayments
At31March 2022	1,476,$09
Provisions
At I April 2021	478,000
Provided against during the year	142,000
Provision released during the year
At 31March 2022	620,000
Net loaned amounts
At31March 2022	856,809
At 31March 2021	797,914

dovvm ent fund inves	tments	-Charity
				Deposit &
			Listed	other cash	Freehold
			investments	balances	property	Total
At valuation						8
At I April 2021			85,808,640	1,251,351	376,500	87,436,491
Additions/movement	in the	year	13,733,864	1,021,116	(14,000)	14,740,980
Disposals in the year			(15,206,774)			(15,206,774)
Realised losses in the	year		(79,252)			(79,252)
Unrealised gains in the year			5,741,581		2500	5,744 081
At 31March 2022			89~998~059	2)272~467	365~000	92~635@26
At cost
At 31March 2022			70,215,545	2,272,467	254,000	'72,742,012
At 31March 2021			67,366,913	1,251,351	266,500	68,884,764

			2022	2021
			Market	Market
			Value	Value
Listed investments	are	detailed as follows:
UK Fixed Interest			4,604,975	4,952,167
UK Equities			19,097,5SO	19,198,542
Property			1,387,S11	1,291,844
Overseas Fixed Interest			2/25, 674	2,277,484
Overseas Equities			30,767,592	31,763,642
Collective Investment		Schemes	23,90'7,303	19,639,065
			7,907,124	6,685,896
			89,998,059	85,808,640

2 Tangible fixed assets
Group and Charitv
	Land & Buildings	Furniture &	Office
		equipment	improve-	Total
			ments
Cost
At 1 April 2021	750,000	85,738	33,472	869,210
Additions		5,136	14,638	19,774
Disposals		(8,441)		(8,441)
At31March 2022	750,000	82,433	48,110	880,543
Accumulated Depreciation
At 1 April 2021	93,750	56,013	19,631	169,394
Charge for the year	15,000	14,322	4,080	33,402
Disposals		(8 135)		(8,135)
At31March 2022	108,750	62,200	23,711	194,661
Net book value
At31March 2022	641,250	20,233	24499	685,882
At 31March 2021	656,250	29,725	13,841	699,816
3 Debtors
	Group 2022	Group 2021	Charity 2022	Charity 2021
Other debtors	72,481	2,887,750	72,481	2,887,750
Dividends and interest receivable	49,712	59,112	46,113	54,042
	122,193	2,946,862	118,594	2,941,792

4 Creditors: amounts falling	due within one	year
	Group	Group	Charity	Charity
	2022	2021	2022	2021
Other creditors and accruals	336,860	320,763	336,860	320,763
Taxation and social security costs	18,523	23 820	18523	23,820
Grants payable	1,459,579	643,129	1,455,139	643,129
	1,814,962	987,712	1,810,522	987,712

				Group	Group	Charity	Charity
				2022	2021	2022	2021
Other	creditors	and	accruals	736,810	869,350	736,810	869,350

			Group	Charity
At 1 April 2021			93,406,695	90,361,180
Transfers between funds:
Total returns endowment	withdrawal		(4,350,498)	(4,350,498)
Transfers to endowment	from income funds		19,001	19,001
Exceptional withdrawal	Gum endowment	funds	(2,669)	(2,669)
Net gain before transfers			6,864,797	6,730,264
At 31March 2022			95,937,326	92,757278

arch 2022 have received s	ufficient	funds to return	them to credit.
					Other
		At 1April 2021	Income &transfers	Grants	outgoings &transfers	At 31March 2022
Oiwll Frank Acfield		1,835 926	1,025	1,210		625 1,951
Abbot Memorial Grants		1,100				1,100
Akzo Nobel International	Paint	2,696	18,409	19,571	1,300	234
Akzo Nobel International	Paint
Community First
Arts Council England Let' Create Jubilee	s		126,320		9,357	116,963
Asian		4,707	6,083	5,000		5,790
Stuart Ayre Nancy Barbour Award Jeremy Beechsm Schools Bellingham Berwick Academy Endowment		4,395 167 2,737 28,158	1,957 5,840 664 2,750 9,444	1,957 6,000 4,000 3,710 38,000	(2,669)	4,235 (500) 1,777 (398)
Blackett Family Community First			17,189	17,220		(31)
EDF Energy Blyth Offshore
Demonstrator Wind Farm
Community Benefit		28,178	64,274	63,028	5,843	23,581
Enid Blyton Fund for Seven Stories			48,522	48,522
Bowey Community First
Ron &Louise Bowey Grassroots		5,060	20,156	20,784		4,432
Carolyn and Tony Bmokes		185	3,036	3,000		221
Burnell Community First
Lawrence Campbell Community First Canford Audio		3,875 156	12,934 539	8,000		8,809 695
Capacitybuilders CPP Chapman		5,458 23,843	26,315	3,305		5,458 46,853
Chronicle Sunshine			9,232	9,232
The Community Infmstructure Levy (CIL) Sir Tom Cowie Abigail &Stephen Crampton CrecheMobile		104,578 576 33,651	171,026 76,305 1,899 5,296	21,749 109,108 2,000 38,550	3,256	146,021 71,775 475 397
Culture Bridge The Louise Dalton		313 305	7,658 2,318	8,778		(807) 2,623
Duncan &Sarah Davidson Pamela and Doroth Denham		1,744	6,336 4,714	69385 4229		1,695 485
Carried forward		254,643	650,241	443,338	17,087	444,459

IS Income funds - res	tricted (con	tinued)
				Other
	At 1April 2021	Income &transfers	Grants	outgoings &transfers	At31March 2022
					g
Brou ht forward	254 643	650241	443 338	17087	444 459
Pamela Denham Community
First
Pamela Denham Grassroots	246	525	771
David Dockray's West End Young People' s Dream Jar Andrew and Charlotte Dixon	693 1,635 323	47,727 2,051 1,339	41,221	30	7,169 3,686 1,662
The Edwin John Easydorchik Travelling Scholarship Enviresearch Evangelical Express Enterprise FARNE David &Gitta Faulkner	13,060 19,720 5,700 1,248 10,095 554	5,914 8,665 1,213 24,940 2,121	8,680 2,000 2,050		18,974 11,040 14,365 2,461 33,035 625
Fausta and Rosemary
Community First Fergusons ofBlyth	8,338	7,997			16,335
Fogo Community First Gateshead Thrive	529	(10,529)	(10,000)
David Goldman Awards		30,674	30,674
Allison Greenlees Continuation	2,706	6,326	3,000	6,032
The EDF Energy Green Rlgg Wind Farm Community Benefit	534	80,610	33,817	7,200	40,127
The EDFEnergy Renewables
Barmoor Windfarm Community Benefit Jackie Haq Fund for Scotswood Henderson Family Heyman Travelling Scholarships Joy Higginson High Sheriff ofNorthumberland	102,013 1,311 609 17,796 4,504 37,458	75,505 2,207 1,323 10,526 1,446 78,231	51,364 500 1,000 609 48,250	6,864 13,651	119,290 3,018 932 27,713 5,950 53,788
Hokey Cokey Community First
Hoult Family Community First Hoult Family Grassroots	2,534	3,279	5,089		724
The HunterPemberton Community First JesDesStaff	3,430 726	9,268 1,541	5,000 2,250		7,698 17
RWE Renewables UK Kiln Pit Hill Wind Farm Community Josephs Family JPMorgan Kellett Kerry Community First Kerry Grassroots June King Latterford	2,841 2,198 2,277 437,152 688 5,599 3,931 1,025	20,732 1,367 2,512 392,198 5,801 3,366 4,098 743	15,404 3,500 460,429 2,000 7,980	1,885	6,284 65 4,789 368,921 4,489 8,965 49 1,768
Carried forward	946,116	1,473,957	1,158,926	52,749	1,208,398

18 Income funds - rest	ricted (con	tinued)
				Other
	At IApril 2021	Income &transfers	Grants	outgoings &transfers	At 31March 2022
Brou ht forward Lendrum Community First Capt. CD.Leyland	2,135 5,553 946,116	106,441 4,212 I 473,957	1,158,926 90,972 2,000	52,749 8,750	1,208,398 8,854 7,765
Linden Community First Local Environmental Action George Loggie	55,118 16	14,602 1,281	40,914		28,806 1,297
Lady Betty Martin Fund within the North East Fund for the Arts	4,546	8,588	3,100		10,034
Grigor McClelland Community First	804				804
Moor Nash NEF Grassroots	4,984 3,260	1,765 10,589 1,754	1,765 14,592		981 5,014
NET Coronavirus Appeal Newcastle Culture Investment	54,605 33,952	794,262	54,603 772,930	28,715	2 26,569
Newcastle Dispensary Relief in Sickness	67,298	4,136	71,020		414
North East Endowment for Musical Traditions North East Fund for the Arts North East Social Investment	9,181 7,403 2,522,000	6,486 6,544	6,493 6,810	142,000	9,174 7,137 2,380,000
Northern Angel Fund for Berwick	5,593	27,395	27,500		5,488
North Tyneside Northumberland Group	1,680 31,769	1,871 35,177	3,551		66,946
Northumberland Village Homes Trust	57,779	117,762	94,820		80,721
Northumberland Wildlife Trust		1,845	1,845
Out &About The Pargiter Trust Anne &David Parker Partnership programme Patch	11,166 65,341 7,860	5,528 80,000 6,678 15,941	6,000 72,000 6,000 17,000	8,000 263	10,694 415 65,341 6,801
Pea Green Boat Community First	686	127,766	127,447		1,005
Pen &Palette Club Fund within the North East Fund for the Arts Percy Family Philanthropy House Platten Family Community First Port ofTyne Prudhoe League ofFriends Geoffrey and Ann Purves	5,300 3,261 749,893 463 3,468	5,025 9,626 10,000 3,844 1,433	2,660 2,550 7,265 7,312	1,000	7,665 10,337 749,893 463 1,735 1,433
Ray Wind Farm Small Grants Programme	3,835	102,296	95,526	10,000	605
Readman Community First Readman Famil Grassroots Carried forward	9469 4,674,534	9330] 3,080,105	42 848 2,738,449	251,477	59922 4,764,713

18 Income funds	- res	tricted (co	ntinued)
					Other
		At 1 April 2021	Income &transfers	Grants	ou'tgolllgs &transfers	At 31March 2022
Brou t forward		4,674 534	3 080,105	2,738 449	251477	4 764713
Readman Foundation Carrie Reay Grassroots		30,555 5,634	4,104	(6,666) 8,150		37,221 1,588
REEDSCommunity First REEDS Grassroots Riddell Family Community Riding Grange Grassroots Jane Robertson Alnwick Roseline Foundation Brian Roycroft	First	24,915 7,019 2,188 5,831 91,250 15,666	44,152 70,157 3,391 7,565 20,936	37,591 77,538 1,000 5,000 70,000 28,945		31,476 (362) 4,579 8,396 21,250 7,657
RWE Innogy UK Middlemoor Wind Farm Community Sage Gateshead Smail Family		103,942 464	109,011 736,784 4,681	172,973 736,784 3,850	19,453	20,527 1,295
Spriggs Family Community
First
Shohba &Trikoli Srivastava Community First		591	972	1,500		63
Sunderland Industrial & Reformatory School Suz Grassroots Taylor Third Sector Trends Thornton Family Grassroots Tiny Lives		1,540 3,234 18,993 1,520	1,335 1,740 21,088 25,000 4,184 103,927	1,980 11,804 40,000 3,000 103,927		895 4,974 9,284 3,993 2,704
Tyne &Wear High Sheriff Awards		17,080	51,968	49,000	716	19,332
Tyne &Wear High Sheriff
Community First Tyne &Wear Grassroots		794	876			1,670
Ventient Sisters North 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		220,804 2,160 1,512 7,941 6,853 1,511 17,754 1,317 8,254 15,936 52,200	165,536 1,459 3,750 15,571 25,197 7,018 24,939 6,395 30,776 13,920 546,772	219,410 5,000 12,000 16,620 7,500 10,174 423,127	14,173 10,000	152,757 3,619 262 11,512 32,050 8,529 26,073 212 39,030 19,682 165,845
The Wellesley Trust
Community First
The 1989Willan Charitable Trust Carried forward		19,148 5,361,140	572 250 5,705,559	557,952 5,336,608	29 750 325,569	3696 5,404,522

Notes to the financial statements for the year ended 31 March 2022 (continued) 18 Income funds - restricted (continued)
Other
At 1April Income 2021 &transfers outgolllgs Grants &transfers At31March 2022
	5
Brou ht forward 5 361 140 5 705,559 5336608 325 569 Mark and lan Wilson Family Wood 2 731 2430 2,403 7,682 3,500	5,404 522 5,161 6,585
CH Wood Women' s 4,783 5,303 10,086 1,485 41,823 30,000	13,308
Women's Community First 7923 7082 3 118 Youn Musician s Total Communi Foundation 5,375,660 5769,879 5488,117 325,569 Joseph Brough Charitable Trust 34,499 38,757 10,000 30	2277 5,431,853 63,226
Tyne and Wear Foundation Trust 72,194 13,625 62,060 26	23,733
Tyne &Wear Foundation Limited (30) Total Grou 5,482 23 5822 261 5,460 177 325625	(30 5,518 782
Income and transfers include credits off1,498,160transferred from the main and ethical endowment
funds andf915,233 from Community First funds to distribute as income on a total returns basis and 538,500of other transfers. Other outgoings include transfers between funds of5166,630, amortisation of Programme Related Investments of%142,000 and other fund expenses of%16,995.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 Roycrolt fund includes income from the Tease 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
Burnell Family and Community First funds.

ce the year end the funds in dit.	deficit at	31March 2	022 have received	sufficient f	unds to return t	hem to
					Other
	At	1April 2021	Income &transfers	Grants	outgoings &transfers	At 31March 2022
				5	5	5
Adderstone AJM Anonymous Appletree		2,009 7,757 3,997	12,928 898 3,458 25,100	10,000 25,020		4,937 898 11,215 4,077
Ashington Community Development Trust Barley Hill Baflles Christopher Beadle Charles Robert Bell John Bell Bellwa Carried forward		4,120 3,723 1,269 3,585 52,930 3,168 82,558	4,007 4,126 8,026 5,663 15,506 70,052 3,192 152,956	7,750 7,486 7,700 5000 3,390 5,548 71,894		8,127 99 1,809 1,548 10,506 119,592 812 163,620
						41

9 Income funds	- unr	estricted (c	ontinued)
					Other
		At 1April 2021	Income &transfers	Grants	outgonlgs &transfers	At 31March 2022
					6
Brou t forward		82,558	152956	71,894		163620
Sara Atexandra Bernstone		800	5,251	6,000		51
Bones Machine Company Ron and Louise Bowey Dawn Brown		598 19,130 2,344	1,999 40,741 1,477	1,500 61,970 3,062		1,097 (2,099) 759
Stephen Byers The Muriel Campbell Carr-Ellison Charitable Trust Carroll Savage Chrysalis Daphne &Martin Cookson		6,830 1,421 6,954 5,815 3,577 1,056	8,359 1,606 10,791 6,436 2,048 5.528	15,162 9,750 11,005 5,097 6,000		27 3,027 7,995 1,246 528 584
Roland Cookson			75,878	75,878
Roland Cookson Community Coquet		(809) 15,671	21,615	16,060 12,000	1,642	3,104 3,671
Coronavirus Response and Recovery Crozier		875,731	1,377 5,197	870,000	153 5,197	6,955
Curtain PARP		32,209	54,552	58,892	359	27,510
John D Endowment Dickon Trust		(2,173) 631	14,397 79,833	13,966 82,014		(1,742) (1,550)
Elgon Fogo		3,170 18,862	1,197 55,729	34,995		4,367 39,596
Gateshead Housing
Company Community George and Peggy Adrian and Ingrid Gifford The Giving Network		6,789 9,215	(3,001) 5,919 885 17,002	(3,001) 10,020 15,801	1,026	2,688 885 9,390
Margaret and Dorothy
Gordon Memorial		724	1,304	2,028
Groves Family		7,467	5,680	6,000		7,147
Michael and Christine
Heppell Bill and May Hodgson		6,383	3,500 17,382	12,000	1,382	9,883 4,000
The Hokey Cokey (that' what it's all about) I'Anson Family Ifonly... Sir James Knott	s	3,801 2,751 142	5,085 2,991 1,649 2,350	6,970 1,500 1,500 2,350		1,916 4,242 291
John Laing William Leech Charity Leech Challenge Linden Family FB&PFBLough Grigor McClelland Daisy Marr Maudslay Family G SMay Family Mclntosh		4,331 29,549 3,250 (6,005) 4,165 13,206 12,730 701 4,529 1,084	5,599 23,171 3,409 189,364 111,513 33,127 31,780 2,560 6,475 1,616	10,000 20,000 2,500 186,898 100,490 42,898 1,900 8,500 2,000	500	(70) 32,720 4,159 (3,539) 15,188 46,333 1,612 1,361 2,004 700
Milbum Briel		981	8,092	7,625		1,448
Muckle LLP		21 670	39328	22 905	2 561	35532
Carried forward		1,201,838	1,063,747	1,816,129	12,820	436,636
						42

9 Income funds - unres	tricted (co	ntinued)
				Other
	At 1April 2021	Income	Grants	outgoings &transfers	At 31March 2022
		transfers	g
Brou t forward	1,201 838	1,063,747	I 816,129	12,820	436636
Newcastle Building Society Community Emma Newton North East Brewers Northern Powergrid Northumbrian Water	15,656 3,040 6,165 37	289,777 5,429 6,799 17,624 6,665	276,905 4,500 17,870	22,174	6,354 3,969 12,964 (246) 6,702
Opencast Charitable Pattinson Estate Agents Platten Family PricewaterhouseCoopers Prime Proudfoot Family P&G Guy Readman endowment Matthew Ridley Ringtons Rolls-Royce StCuthbert's	18,000 2,902 336,246 450 1,976 1,395 220 340,347 15,409 5,233 11,469	7,198 235,325 2,018 130,866 1,510 61,598 139,528 926 59,601 2,810 2,276	18,000 3,000 59,750 2,000 140,367 2,000 67,947 21,821 70,312 7,622	11,750	7,100 500,071 468 (7,525) 905 (6,129) 458,054 926 4,698 421 13,745
John &Barbara Sadler & Jeanette Henderson		5,742	4,000		1,742
Johnnie &Tricia Smith and Family Barry &Fags Speker Spriggs Family Squires Foundation	3,704 1,132 I 4,019	4,571 1,342 1,736 25,219	7,576 1,000 30,100	2,400	699 1,474 1,737 (3,262)
Shobha and Triloki Srivastava Grassroots Star Toss Brian &Margaret Thompson Thorne &Derrick Treeline Vaux Ward Hadaway Watkin Family Weightman Welch Family Wide Open Road Willis Charitable The Lucy Winskell Winter Family Robert Wood Trust	3,601 6,304 4,428 2,500 120 8,189 3,527 81 1,015 680 1,789 1,470 (19) (192)	2,857 10,661 3,347 1,590 30,000 3,654 9,033 5,791 30,772 2,695 1,439 7,927 5,296 1,248 17,067 4,789	5,000 9,000 4,000 9,532 2,500 8,000 23,723 3,000 2,119 9,000 5,750 1,248 17,485	3,600 300 150	1,458 7,965 7,775 90 16,868 1,274 17,222 1,018 7,130 560 716 1,016 0 (437) 4,597
Other general grant-making funds	383,711	414023	423,723	80342	293,669
Total designated funds Administrative fund Total Communit Foundation Total Grou	2,386,443 777,769 3,164 212 3164,212	2)624,496 1,254 511 3,879,007 3,879,007	3,074,979 3,074979 3,074,979	133,536 1,197,886 1,331,422 1/31)422	1,802,424 834,394 2636,818 2 636,818

oup
	Unrestricted	Restricted	Endowment	2022
	funds	funds	funds	Total
Investments		856,809	95,660,736	96,517,545
Tangible fixit assets	44,632	641,250		685,882
Current assets	3,271,883	5,881,379	288,009	9,441,271
Current liabilities	(679,697)	(1,123,846)	(11,419)	(1,814,962)
Creditors due atter one year		(736,810)		(736,810)
Total net assets	2,636,818	5,518,782	95,937,326	104,092,926
arity
	Unrestricted	Restricted	Endowment	2022
	funds	funds	funds	Total
Investments		856,909	92,635,526	93,492,435
Tangible fixed assets	44,632	641,250		685,882
Current assets	3,271,883	5,789,910	133,171	9&194&964
Current liabilities	(679,697)	(1,119,406)	(11,419)	(1,810422)
Creditors due alter one year		(736,810)		(736,810)
Total net assets	2,636,818	5,431,853	92,757,278	100,825,949

			Total	Total
			2022	2021
Turnover
Costofsales
Operating	profit
Administrative		costs
Net profit

The aggregate ofthe assets and liabilities was:	Total	Total
	2022	2021
Assets	70	70
Liabilities
Net assets	70	70

the SOFA. A	sum	mary oft	he results	ofJoseph Brough Charitable Tr	ust is shown below:
					Total	Total
					2022	2021
Investment	income				43,757	43,945
Donations	and	legacies
Charitable	activities				(15,030)	(83,477)
Investment	management		costs		(8&231)	(7,120)
Gains on investments					127,829	408,381
Net movement		in funds			148425	361,791
The aggregate of		the assets,	liabilities	and funds was:
					Total	Total
					2022	2021
Assets					2,358,703	2,210,378
Liabilities
Funds					2,358,703	2,210,378

Represented by:		Total	Total
		2022	2021
Permanentendowment	fund	2495&477	2,175,879
Restricted funds		63,226	34,499
Funds		2,358,703	2,210,378

			Total	Total
			2022	2021
Investment	income		19,030	21,891
Investment	management	costs	(6,169)	(5,5 15)
Charitable	activities		(67,491)	(7,402)
Gains on	investments		21,104	160,350
Net movement in funds			(33,526)	169,324

	Total	Total
	2022	2021
Assets	912&744	941,830
Liabilities	(4&440)
Funds	908404	941,830

Represented	by:		Total	Total
			2022	2021
Permanent	endowment	fund	884,571	869,636
Restricted funds			23~733	72,194
Funds			908,304	941,830

Organisation	Director/employee	Relationship	Total grants
Charlotte Straker Project	Lady Blackett	Trustee	8],893
Derwenthaugh Boat Station	Lucy Winskell OBE	Honorary	7,696
		President
Newcastle upon Tyne	Jill Baker	Non-	51,070
Hospitals NHS Foundation		Executive
Trust		Director
New Writing North	Claire Malcolm	Employee	44,500
North East Theatre Trust	Lucy Winskell OBE	Trustee	4,211
Voluntary Organisations	Robin Fry	Employee	10,000
Development Agency, North
Tyneside
VONNE	Colin Hewitt	Trustee	10,000

Subsidiary	Nature oftransaction	Nature oftransaction			Value
Joseph Brough Charitable	Paid Community	Foundation	for administrative		5,000
TIust	services
Tyne &Wear Foundation	Paid Community	Foundation	for administrative		3,771
Trust	services
Tyne &Wear Foundation	Made donations	to restricted	funds	in Community	1,634
Trust	Foundation

conciliation ofaet in	come t	o net cash flow from operating	activities
			2022	2021
			K	f.
Net income for the year			2,039,696	18,507,111
Adjustments for:
Receipt ofendowment			(1,317,427)	(3,776,143)
Depreciation charges			33,402	32,555
Gains on endowment	investments		(5y813762)	(16708410)
Increase in assets held	for resale		(14,000)
Loss on disposal offixed assets			306
Losses on programme	related	investments	142,000	167,294
Dividends and interest	from	investments	(1,841,153)	(1,926,609)
Decrease/(increase) in debtors			2,824,669	(2,869,637)
0ncrease)/decrease in	creditors		694,710	(414,584)
Net cash used in operating		activities	(3,251,559)	(6,988,423)

alysis ofc	ash and cash equivalents
		2022	2021
Cash at bank and in hand		3,761,173	3,516,638
Short-term	deposits	5,543,905	5,537,380
Total cash	and cash equivalents	9,305,078	9,054,018