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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|
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||||||
|---|---|---|---|---|
|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|||||
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|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|
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|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%|
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|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|
##
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||||||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|
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|||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|
##
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##
|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|
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|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|with emoluments|over f60,000were in the|2022|2021|
|---|---|---|---|---|
|following
bands:|||Number|Number|
|560,000 tof70,000|||||
|f80,000tof90,000|||||
|f90,000to5100,000|||||
##
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##
|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|
##
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##
||||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|
##
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##
|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|
##
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##
|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|
##
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##
||||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|
##
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##
##
|
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|involved|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|
##