2023-03-31-accounts - Community Foundation North East

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Annual rett for the year ended 31March 2023......
Independent Auditors' Report to the Members ofConununity	Foundation	serving Tyne k Wear and
Northumberland. ..			....13
Consolidated statement offinancial activities for the year ended 31March		2023........................... ......	.....I7
Consolidated income and expenditure account for the year ended 31 March 2023................................			.....I8
Balance sheets as at 31March 2023.			.....I9
Consolidated cash flaw statement for thc year ended 31 March	2023.		...20
Notes to the financial statements for the year ended 31March	2023.................,....... ...... ...................		.....2 I

Fund type		No ofgrants	Total avrards
Individual and family	funds	445	2,199,877
Corporate funds		281	1,076,080
		324	1,821,534
Collective funds		240	756,481
Projcess and partnership	funds	91	1,143,027
Agency funds (benefiting anamed organisation)		25	860,382
Total greats awarded	by the fun Group		72157481

The targets for the pertod	are below.
KEYPERFORMANCE INDICATORS			2020-26 TARGET
Total endowment value			f100m
Rolling average annual	glffs to endowment
Annual giffs to revenue	and programme funds
Percentage ofmtal grants from endowment		funds	7&o

		Note	Unrestricted	Restricted	Endowtnent	Total	Total
			funds	funds	funds	2023	2022
			f	f
Income and endowments	from:
Donadons and legacies		3	598,174	2,189,129	874,4S9	3,661,792	4,490326
Charitable activities		4	42,450			42,450	39325
Other trading activities		5	4,500			4300
Investment mcome		6	1,135,243	1,027,S88		2,163,131	1,841,153
Total income and endowments			1,780,367	3317,017	874,489	5dl712173	6370,704
Expenditure on:
Raising funds		8	260,266			260366	221,985
Investment managetneot	costs				240,740	240,740	266,392
Charitable activities		9	3,707301	5,095,808		8,803,109	9,514,393
Total expenditure			3,967367	5,095,808	240,740	9,304,115	10,002,770
Net Oosses)/gains on
investments				(50,000)	(4,432,880)	(4,482,880)	5,671,762
Nct (ass come			(2,187,200)	(1,928,791)	(3,799,131)	7315,122)	2,039,696
Transfers between funds			1,615,487	1,293,700	2,909,187)
Net movement In fends			(571,713)	(635,091)	(6,708318)	(7315,122)	2,039,696
Reconciliation offunds:
Total funds brought forward			2,636,818	5,518,782	95,937326	104,092326	102,053330
Total funds carried forward			2,065,105	4,883,691	89329,008	96,177,804	104,092„tt26

					Note	2023	2022
income - continniag			operations
Donations	and legacies					2,787403	3,172,799
Charitable	activities					42,450	39,325
Other trading activiues
Investment		income				2,163331	1,841,153
						4tt97,384	5,053,277
Expenditure		-continaing		operations
					9	7,770,782	8,535,156
Staff costs					10	945,199	900,062
Other costs						347494	301,160
						9,063475	9,736,378
Net loss on		investments				(50,000)	(142,000)
Net loss for		the year before transfers aad taxation				(4,115,991)	(4,825,101)
Transfer from endowment				fund		X/09)187	4,334,166
Taxation
Net (dencit)		for the year				(1406r804)	(490,935)

					Group	Group	Charity
				Nate	2023	2022	2023	2022
Ptxcd assets
Endowment	fund investments			11	88~429	95,660,736	86,176&139	92,635,526
programme	related	and other			874~9	$56,$09	$74,409	$56909
investments
Tangible assets				12	657&885	685,8$2	6572185	6$5,S82
Total lixed	assets				90&527&523	97/03 427	87&709&233	94 178317
Carrent assets
Debtors				13	110,098	122,I93	99,659	11$,594
Assets held	for resale					14,000		14,000
Cash on short-term		deposit			5&5692106	5,543,905	5&569dt06	5,543,905
Cash at bank and in		hand			2,121466	3,761,173	1&89S,064	3,518,465
Total current assets					7,801270	9,441371	7,567 &&29	9,194,964
Creditors:	amounts		falling due
within one	year				(1,4S2,439)	(1,814&162)	(1,456&459)	(1,$10422)
Net current	assets	less current		llabslties	6318,831	7,626309	6,111,070	7384,442
					96&846454	104,829,736	93420~3	101462,759
Creditors:	amounts		falling duc
alter more	than onc		year	15	(668450)	(736,810)	(668450)	(736,$10)
Total assets					96,177,804	104,092,926	93,151,753	100,$25949
Tbe fuads ofthe charity:
Endowment	funds			17	89~9,008	95,937,326	86&252&612	92,75747$
Restricted income funds				18	42t83,691	5,51$,782	42134&036	5,431,853
Unrestricted	income		funds	19	2,065,105	2,636,818	2&065,105	2,636,$1$
Total charity funds					96,177,804	104,092,926	93,151,753	100,825P49

				Note	2023	2022 f
Cash flows from opcratlng	aetlvltlesi'
Net cash used in operating	activities			24	(6,811381)	(3,251,559)
Cash llows from investing	activities:
13ividends and interest finm	investments				2,163,131	1,841,153
Purchase offixed assets					(5,172)	(19,774)
Proceeds iiom the sale ofinvestments					13,377,873	15,667,653
Purchase ofinvestments					(11,145,346)	(15,102,945)
Programme related investments drawn		down			(67,500)	(200,895)
Net cash provided by Investing activities					4,32~86	2,185,192
Cash news from financing	activities'.
Receipt ofendowment					874,489	1,317,427
Net cash provided by tinanclng actlvttlcs					874,489	1,317,427
Change in cash aud cash equivalents		in tbe	year		(1,613,906)	251,060
Cash and cash equivalents	at the beginniag		oftbe year	24	9,305,078	9,054,018
Cash and cash equivalents	attbe end	ofthe	year	24	7,691,172	9305,078

		Vnrestrictcd	Restricted	Endow)nant	Total
		funds	funds	funds	2022
			f	f
Income and endowmeats	from:
Donations and legacies		633,889	2438,910	IgI7,427	4,490426
Charitable activities		39,325			39425
Other trading activities
investment iacome		1,009,695	831,458		13141)153
Total income and endowments		1,682,909	3370368	1,317,427	6470,704
Expenditure on:
Raising funds		221,985			221„)S85
Investment management	costs			266,392	266492
Charitable activities		4,037,221	5,477,172		9414493
Total expenditure		4,259206	5.477,172	266,392	10,002,770
Net (losses)/gains on investments			(142,000)	5,813,762	5,671,762
Net Ross)/Income		2,576,297)	2448,804)	6,864,797	2,039,696
Transfers between funds		2,048,903	2485,263	(4,334,166
Net movement ln fu ada		527,394)	36,459	2,530,631	2,039)696
Reconcgiation ofIhads:
Total funds brought forward		3,164,212	5,482323	93,406,695	102,053)230
Total funds carried forward		2,636,8IS	5,518,782	95,937,326	104,092426

	2023	2022
		f
Donations	3,651,747	4488 860
Legacies	10,045	1,366
	3,661,792	4,490,226

			2023	2022
Other	charitable	activities	42,450	39325

			2023	2022
Other	trading	activities	4)500

				2023	2022
Dividends	and interest from endowment		fund assets	2,040,327	1,825,343
interest receivable		on cash deposits		122,804	15,810
				2,163,131	1,841,153

pport co ivities.	sts	and overhead	s have been apportioned	using the basis	ofstaff time spen	t on the various
				Raising	Charitable	Total	Total
				funds	activities
						2023	2022
Suppon	staff costs			25,132	141,633	166,765	174,039
Governance		staff costs		7,838	44,171	52,009	53385
Overhead	costs			47,165	160,181	207846	228/48
Governance		direct costs		11,882	48333	60315	26,642
				92,017	394318	486435	482,614
Included	in	overhead costs are the following:				2023	2022
Auditors'	remuneration		—audit services			12~0	7,650
Depreciation						33,169	33,402
Loss on disposal offixed assets							306

	2023	2022
Staff noses	153,543	130,472
Direct costs	14,706	12492
Support costs (Note 7)	92,017	79~1
	260466	221,985

e Community Foundation serving Tyne & Wear and tivities through grant-making.	Northumberlacd undertakes its oharitable
	2023	2022
Grants payable	7,770,782	8,535,156
Stair costs	572)882	542,166
Direct costs	65,127	33,678
Support costs (Note 7)	394418	403,393
	Sr903,109	9414,393

			2023	2023	2022	2022
				Number	6	Number
Other charittes and voluntary		organisations	7,713dt84	1487	8,466,087	1357
Individuals			143r(97	119	107 cr23	119
Total new grants awarded	In	the year	7,857481	1,406	8474,010	1,376
Grants mncetted			(86499)		(38,854)
Total grant ezpeudlture			7,770,782		8,535,156

Staffcosts comprise the following:	2023	2022
Wages and salaries	S12,585	778,171
Socitd security costs	83,1S9	74,163
Other pension costs	49,425	47,728
	945,199	900,062

	5April	5 April
	2023	2022
Mean gender pay gap	17%	14%
Median gender pay gap	12%	12%

During the year employees	During the year employees	2023	2022
following	bands	Nmnber	Number
f60,000	(o570,000
f80,000	tof90,000

dotvment	fund invc	stmcn	ts -Group
					Deposit 8)
				Listed	other cash	Freehold
				tavestments	balances	property	Total
At valo ation				8			K
At I April	2022			93,023,269	2~2,467	365,000	95,660,736
Additions/movement		in the year		10,643,100	502,246		11,145,346
Dispossls	in the year			(13,377,873)			(13377,873)
Realised gains in the		year		35,928			35,928
Unrealised	(losses)/gains		in the year	(4,489,808)		21,000	(4,468,808)
At 31March 2023				85)834)616	2,774,713	386,000	SSJ95)329
At cost
At 31March 2023				72,229,673	2,774,713	254)500	7545S,386
At 31March 2022				72,541,977	2,272,467	254,000	75,068,444
						2023	2022
Listed investments		are detailed as follovrs:				Market	Market
						Value	Value
						5
UK Fixed	Interest					5,7632172	4,851,809
UK Equities						18,623~4	20,011,034
Froperty						S64,102	1,463315
Overseas	Fixed Intsxest					Id86,621	2325,674
Overseas	Equities					27,739,140	32,140,913
Collective	Investment	Schemes				23364,609	24,160,666
						7,642~8	8,069,858
						85r834,616	93,023469

Loaned amounts
At 1 April 2022							1,476,809
Advances during the	yew						67,500
Repayments
At 31March 2023
Provisions
At 1 April 2022							620,0Mi
Provided against during the year							50,000
Provision released during		the year
At 31Marsh 2023							670,000
Nct loaned amounts
At 31March 2023							874~9
At 31March 2022							S56,809
dotvment fund lavcstmeats			-Charity
					Deposit &
				Usted	other cash	Freehold
At valuation				iuvesttnents	balancesf	properly f,	Total
At 1 April 2022				89,998,059	2472,467	365,000	92,635,526
Additions/movement	in the year			10,135,873	502746		10,638,119
Disposals in the year				(12,854,192)			(12,854,192)
Realised gains in the	year			29,103			29,103
Unrealised (losses)/gains		m the year		(4492,617)		21,000	(4771,617)
At 31March 2023				83,016Q26	2,774,713	386,000	86,176439
At cost
At 31March 2023				69,802,740	2,774,713	254,500	723131,453
At 31 March 2022				70,215,545	2472,467	254,000	72,742,012

1 Inv	estmen	ts	(continued)
				2023	2022
				Market	Iviarket
				Value	Value
Listed investments		are	detailed as follows:
UK Fixed	interest			5430,257	4,604,975
UK Equities				172178,320	19,097,580
Property				799,283	1,387,811
Overseas	Fixed Interest			Iv836,621	2,325,674
Ovtxseas	Equities			26487,141	30,767,592
Collective	Investtnent		Schemes	23,090433	23,907,303
Other				7,494/71	7,907,124
				83,016~6	89,998,059

		Unlisted
		investments
At	cost and valuation
At	I April 2022	100
At	31March 2023	100

Group and C	harity
			Land &.Buildings	Furmture &	Office
				ecfut proent	improve-	Total
					ments
Cast
At 1 Apil 2021			750,000	82,433	48,110	880,543
Additions				3,392	1,7SO	5,172
Disposan				(2,244)		(2444)
At 31March	2023		750,000	83~1	49,890	883,471
Accumulated	Depreciation
At 1 April 2021			108,750	62,200	23,711	194,661
Charge for the year			15,000	13,225	4,944	33,169
Disposals				(2,244)		(2/44)
At 31March	2023		123,750	73,181	2S,655	225&586
Net book value
At 31March	2023		626450	10,400	21/35	657485
At 31March 2022			641,250	20,233	24,399	685,882
13 Debtors
			Group	Group	Charity	Charity
			2023	2022	2023	2022
			6	f		f
Other debtors			11,21S	72,481	11318	72,481
Dividends snd intermt		receivable	98,880	49,712	88,441	46,113
			110098	122 193	99)659	118/94

	Group	Group	Charity
	2023	2022	2023	2022
Other creditors and accruals	411464	336,860	411464	336,860
Taxation and social security costs	26,105	18423	26,105	18,523
Grants payable	1,045,070	1,459479	1,019,090	1,455,139
	1,482,439	1,814962	1,456,459	1,810,522

				Group	Group	Charity
				2023	2022	2023	2022
Other	creditors	and	accruals	66tk550	736,810	668450	736,810

			Group	Charity
At 1 April 2022			95,937,326	92,757378
Transfers between funds:
Total returns endowment	withdrawal		(2,938 tt84)	(2tt38,984)
Transfers to endowment	fiom income funds		50.163	50,163
Exceptional withdrawal	from endowment	funds	(20,366)	(20366)
Net loss before transfers			(3,799,131)	(3495,479)
At 31March 2023			89~9,008	86,252,612

arch 2023 have rec	eived s	uificient	funds to rehun	them toa'edit.
						Other
			At 1 April	tncome		outgoings	At 31March
			2822	&transfers	Grants	&transfers	2023
			E	E.	E
¹iwit			625	85,211	82,071	3,784	(19)
Frank Acileid			1,951	926	2,2D1		676
Abbot Memorial Grants			1,100				1,100
Akzo Nobe'1 Iirtemational		Paint	234	4,048	4,282
Akzo Nobel international		Paint
Community First
Arts Coundl England Let'		s
Create Jubilee			116,963		116,463	500
Asian			5,790	5,482	2,000	5,000	4772
Stuart Ayre				1,763	1,763
Nancy Barbour Award			4435	5464	6,000		3,499
Jeremy Beecham Schools			(500)	851			351
Befiingham			1,777	2,477	2,105	370	1,779
Berwiok Academy	Eodouvnent		(398)	Sg1 1	4,100		4,013
Blackett Family Cominunlty
First			(31)	5,152	5,122
EDF Energy Blyth	Offshore
Demonstrator Wind	Farm
Community Benefit			23481	70,793	49,067	6,436	38,871
Enid Blyton Fund for Seven
Stories				44,817	44,S17
Bowey Conununity	First
Ron & Louise Bowey
Gressroots			4,432	12,174		13,299	3,307
Carolyn and Touy Brooltes			221	3,030	2,000		1,251
Burnell Community	First
Lawrence Campbell
Community First			8,809	3397	6,252		5,954
Canford Audio			695	497			1,192
Capacitybuilders CPP			5,458			5,458
Chapman			46,853	23,635	2,0DD	54,007	14,481
Chronicle Sunshine				28,154	28,154
The Community Infrastructure
Levy (CIL)			146,021	26,745	131,611	6,633	34,522
Sir Tom Cowie			71,775	68,541	47,500		92,816
Abigail & Stephen	Crampton		475	1,712	1,620		567
CrecheMobile			397	4,907	(30,00D)		35,304
Culture Bridge The Louise Dalton			(SD7) 2,623	6,899 2,608	7,000 ~00		(908) 3,031
Duncan & Sarah Davidson			1,695	5,708		7,000	403
Pamela and Doroth	Denham		485	2607	2 000	5092
Carried forward			444,459	425,909	516,328	107,579	246,461

					Other
		At 1April	Income		outgomgs	At 31March
		2022	&transfers	Grants	&transfers	2023
		f		6	6
Brou t forward		444 459	425 09	516 28	107579	246,461
Pamela Denham Community
First
Pamela Denham Grassroots			473		473
David Dcckray's West End
Young People' s		7,169	42,890	39,060		10,999
Dream Jar		3,686	I tJDI	5,040		547
Andrew and Charlotte Dixon		1,662	1740	3,000		f98)
The Edwin John Easydorchik
Travelling Scholarship		18,974	5,330	4,000		20,304
Enviresearch		11,040		11,040
Evangelical		14,365	7,783			22,148
Express Enterpri se		2,461	1,093	3,000		554
FARNE		33,035	22,402	4,50D		50,937
David &Gitta Faulkner		625	1,965			2,590
Fausta and Rosemary
Community First
Fergusons ofBlyth		16335	7,182	15,630		7,887
Fogo Community First
Gateshead Thrive				(9,710)	9710
David Goldman Awards			27,601	27,601
Allison Greeniees Contmuation			5,699	3,000	2,699
The EDF Energy Green Rigg
Wind Farm Community	Benefit	40,127	40,896	32,136	3,600	45487
The EDF Energy Renewables
Barmoor Windfarm Community
Benefit		I19390		91,863		27,427
Jackie Harl Fund for Scotswood		3,018	2,083	4,000		1,101
Henderson Family		932	1769			2,201
Heyman Travelling Scholarships		27,713	9,484	39,038		(I,841)
Joy Higglnsoo Fund f'or
Children North East		5,950	1,327	1,000		6,277
High SheriffofNorthuinberland
Youfh Against Crime Scheme		53,788	81,347	42,000	48428	44,607
Hokey Cokey Community	Fimt
Hoult Family Community	First
Hoult Family Grsssroots		724		2,990		202
The Huntelpemberton
Conununity First		7,698	2,858			3326
JesDesStaff		17	1,909
RWE Renewables UK Kiln Pit
Hill Wind Farm Community		6,284	23453	6322	2,123	21,192
Josephs Family		65	1,232			1,297
JPMorgan		4,789	2,262			7,051
Kellett		368,921	350,528	398,15D		321,299
Kerry Community First
Endowment		4,489	1,524	3,500		2,513
Kerry Grassroots		8,965	3,033	9,857		2,141
June Kin		49	3691	3740
Carried forvvard		1,206,630	1,080,732	1,265315	175,638	846,409
						33

							Other
				At I April	Income		outgoitlgs	At 31March
				2022	6t transfers	Grants	42 transfers	2023
				f	f	f	f
Brou t forward				I 206630	I 080732	I 265 15	175638	846409
Lstterford				1,768	661			2,429
Lcndrurn Community		First		8,854	2,102	7,439	4,000	(483)
Capt. C33.Lcyland				7,765	3,796	1,346		I0415
Linden Community	First
Local Envirorunental		Action		28,806	13,995	16rt97		25,804
George Loggic				1397	1,166	1,744		719
Lady Betty Martin Fund within
the North East Fund	for the		Arts	10,034	7,819	15,846		2,007
Grigor MoClelland Community
First				804				804
Moor					1495	1,595
Nash				981	9,542	8,679	1,844
NEF Grassroots				5,014	1,575			6,589
NET Coronavirus Appeal				2				2
Newcastle Culture Investment				26369	622,620	599,339	22400	27,350
Newcastle Dispensary		Relief in
Sickness				414	3,833	3.322		925
Nonh East Fndowment		for
Musical Traditions				9,174	6,030	1,865		13,339
North East Fund for	the Arts			7,137	5,898	13,627		(592)
North East Social Investment				2,380,000			50,000	2330,000
Northern Angel Fund		for
Berwick				5,488	24,578	28,500		1,566
North Tyneside					1,719	1,750		(31)
Northumberland Group				66,946	31,584	31,885		66,645
Northumberland Village Homes
TI1lst				80,721	109,623	182,154	10,000	(1,810)
Northumberland Wildlife Trust					1,710	1,710
Out 4t About				10,694	4,9&3	10,000		5,677
The Pargiter Trust					80,000	72,DDD	8,000
Anne a David Parker				415	9,957	9,000	275	1,097
Partntsship programme				65/41				65341
Patch				6,801	14,301	16,000		5,102
Pca Green Boat Community First				1,005	33,304	35310		(901)
Pcna Palette Club Fund within
the North East Fund	for the		Arts	7,665	4,526	6,989		5,202
Percy Family				10,337	8,674	7,000	5,DDD	7,011
Philanthropy House				749,893				749,893
Playschemes					194,761	171377	250	23434
Platten Family Community Port ofTyne			First	463 1,735	(3) 16,790	16,846	460 1,679
Prudhce League ofFriends					3,462	0		3,462
Geottrey and Ann Purves				1,433	1,476	2,000		909
Ray Wmdpsrm CIC	Small
Grants Programme					110,232	26,913	10,000	73,319
Ray Wind Faun Small		Grants
Programme					2,129	(8,534)	11,268
Readman Commumt		First
Cerned forward				4,704,791	2,415,170	2,547,814	300,914	4,271,233
								39

						Other
			At 1 April	Income		outgolllgs	At 31March
			2022	&transfers	Cnants	&transfers	2023
				f		f
Brou t forward			4,704791	2415 170	2 547814	300914	4271 3
Readman Family Grassroots			59rr22	67,362	56,636		70,648
Readman Foundation			37,221				37,221
Carrie Reay Grassroots			1,588	3,698	3400		(214)
REEDS Community First
REEDS Grassroots			31,476	27412	29355	5,000	24,133
Riddell Family Community		First	(362)	18,425	13,477	5,000	(414)
Riding Grange Grassroots			4,579	3,055	4,500		3,134
Ringtons Community	First
Jane Robenson Alnwick			$,396	7,735	9,000		7,131
Roseiine Foundation			21,250		17,000	4450
Brian Roycroa			7,657	15,951	15466	21	8,321
RWE Innogy UK Mtddltsnoor
Wind Farm Community			20,527		15,199	5327
Sage Gateshead				662rt61	662,961
Smail Family			1495	4419	5,750		(236)
Sowler Family UK Charitable				32,929	26,695	3,951	2383
Spriggs Family Community
First
Shohba &Trikoli Srivastava
Community First							317
Sunderland industrial	&
Reformatory School			895	1,307	350		1,852
Suz Grassroots			4,974	1,563			6,537
Taylor			9,284	18,939	25,000		3323
The South Tyneside Know Your
Neighbourhood				159,978	135,333	8433	16,112
Third Sector Trends			3,993	19,000			22,993
Thornton Farci'ly Grassroots			2,704	3,770	4,997		977
Tiny Lives				95,139	95,139
Tyne &.Wear High Sheriff
Awards			19332	41,101	48,750	4,127	7,556
Tyne & Wear High Sheriff
Community First
Tyne & Wear Grassrcots			1,670	788			2,458
Ventient Sisters North	Steads
Wind Farm Community	Benefit		152,757	172,640	135,098	15,694	174,605
Vicky FGrassroots			3,619	1,311			4,930
Virgin Money			262	3,379		2,818	823
Vital Gateshead			11,512	7,823		19,000	335
Vital Newcastle			32,050	6,939	12,970	21,000	5,019
Vital North Tyneside			8,529	2,094	4,230	6,000	393
Vital Nortbumberland			26,073	17,823	10,000	33,633	263
Vital South Tyneside			212	1,679		1,$85	6
Vital Sunderland			39,030	8,084		19,800	27,314
Ted Weekes			19,682	12,506	15,434	9	16,745
The Weuesley Trust			165,845	291,742	353,524	59,728	44,335
The Wellesley Trust
Communi First
Carried forward			5,400,826	4,126,576	4,248,178	519,190	4,760,034

									Other
				At I April		Income			olltgolllgs		At	31		March
				2022	k	transfers		Grants	41transfers					2023
						f
Brou ht forward				5 400 826	4	126576	4	48 178	519,190			4	760034
The 1989Willan Charitable
Trust				3,696		742,350		698,258	37,850					9,938
Mark and Ian Wilson Family				5,161		2,189		4,000						3,350
Wood				6,585		6,921		5,000						8,506
CH Wood						4,777								4,777
Women' s				13308		32,539								45,847
Women's Community First
Youn Musician's				77		6537		7230						I 584
Total Commun' Foundation				5431 53	4	21889	4	962666	557040			4		4036
Joseph Brough Charitable	Trust			63326		45,176		82,130	30					26,242
Tyne and Wear Foundation
Trust				23,733		19,500		19,705	85					23,443
Tyne 84 Wear Foundation
Limited				30										30
Total Grou				551 782	4	8 565	5	064501	557 155			4,883,691
Income and transfers include		credits off1392,028 transferred from thc main and ethical endowment
funds and 669,915from Community First funds to distribute as income on a total returns basis										and
5307605ofother transfers.		Other outgoings include transfers between						I'unds of5475 848, arnortisation					of
Programme Related Investments			of650,000 and other			fund expenses		off31307.The Women's		Fund
indudes income gum People of			Ward Hadaway in memory ofSue Watts fund,						Fausta and Rosemary
Community First fund and	Pamela			and Dorothy Denharn fund, Brian				Roycroii fund includes income &om
the Tessa Hide fund, Local	iEnvironmentaI fund includes income						from	Ivy and Gilbert Purvis fund			and
Sandra King Rainy Day fimd, and High Sheriff ofNorthumberland							Youth fund		includes income	from		the
Bumell Family and Conununity			First funds.

dit.
							Other
			At	1 April	Income		outgoings	At	31March
				2822	K transfers	Grants	&transfers		2023
				5	6	f	5
Adderstone				4,937	11,599	16,000			536
AJM				898	1,103				2,001
Anonymous				11,215	3,114	10,000			4,329
Appietree				4,077	22,533	23,213	2,000		1,397
Ashington	Community
Development		Trust		8, 1.27	3,611				11,738
Barley Hill				99	3,718	3,000			817
Barnes				1,809	7433	8,860			182
Christopher		Beadle		1,548	5,103	3,025			3,626
Charles Robert Bell				10 06	14040	10400			14 146
Carried forward				43316	72.054	74,498	2,000		38,772

						Other
			At I April	Income		outgoings	At 31	March
			2022	&nzmsfers	Grants	&transfers		2023
			8
Brou t forward			43 16	72 054	74 498	2 000		38772
John Bell			119492	62,858	102,852	24,999		54,599
Bellway			812	2,877				3,689
Sara Alexandra	Bern stone		51	4,866	4,978			(61)
Bones Machine	Company		1,097	1,802	1,5DD			1399
Ron and Louise	Bowey		(2,099)	36,587	(602)	6,190		28,900
Davm Brown			759	1,368	1,797			330
Stephen ayers			27	7,744	4,720			3,051
The Muriel Campbell			3,027	1,474	1,990			2,511
Carr-Ellison Charitable		Trust	7.995	20,645	22,050	2,500		4,090
Carroll Savage			1,246	5,964	6,796			414
Chrysalis			528	1,846	1,480			894
Daphne &Martin Cookson			5$4	5,123	5,762			(55)
Roland Cookson	Fund	for the
Charlotte Straker Project				67,933	67,933
Roland Cookson	Community		3,104	20334	18,112	1,751		3,574
Coquet			3,671	30.000	7,500	3,600	22,571
Coronavirus Response		and
Recovery			6cr55		6,955
Coat-of-living				390 rt08	385,801	2,495		2,612
Crozier				5,166		5,166
Curtain PARP			27,510	46,139	56,932	110		16,607
John D Endowment			(1,742)	12,910	13339			(2,071)
Dickon Trust			(1450)	71,803	69372			881
Elgon			4367	1,077	5,000			444
Fogo			39,596	34,184	60438	5,000		8442
George and Peggy			2,688	5,485	7,070			1,103
Adrian and Ingrid Gifford The Giving Network			885 9490	1,094 21~2	20,514	959		1,979 9,479
Margaret and Dorothy
Gordon Memorial				1,206	1,206
Groves Family			7,147	5,264	7,750	2,000		2,661
Michael and Christine
Heppell			9,883	3,152		10400		2,535
Bill and May Hodgson			4,000	16,764	16,000	5450		(486)
The Hokey Coltey (that'		s
what it's all about)			1,916	3,688	3,354	1,000		1,250
I'An son Femily Ifonly...			4,242 291	2,696 1,486	1,777			6,938
SirJames Kaon				2,116	2,116
John Laing			(70)	5,045				4,975
William Leech Charity			32,720	25,0D6	52,480	3,000		2,246
Lomb Challenge			4,159	3,057		7416
Linden Family FB&PFBI.ough			(3,539) 15,188	105,349 100,213	75316 111,83D	30,000 5,00D	(3,5D6) (1,429)
Grigor McClel!and			46,333	14,941	39,984		21,291
Daisy Marr			1,612	28,523	21,950			8,185
Maudslay Family			1,361	2307	1,361			2,307
G S May Family			2,004	6,471	1,500	2,500		4,475
Mclntosh			700	I 22		2 222
Carried forward			399,656	1/62,609	1483,411	123,458	255,396
							42

						Other
			At 1Aprg	Income		outgoings	At 31March
			2022	rk		&transfers	2023
				transfers
				f
Brou ht forward			399656	1262,609	83 411	123458	255 96
Mlbum Briel			1,448	13,204	6,255		8297
Muckle LLP			35432	44.734	62,930	5,005	12231
Naylors Gavin Black				1,373			1373
Newcastle Building		Society
Conununity			6,354	225,233	281,958	14,8S4	(65.255)
Emma Newton			3rt69	4,908	6,793		2,084
North East Brewers			12 t364	6,126		19,090
Northern Gas Networks
Community Partoering				57,500	36,246	7,500	13,754
Northern Powcrgrid			(246)	15,815	15,000	1,000	(431)
Northumbrian Water			6,702	6,066	11,076		1,692
Opencast Charitable				44,969	40,472	4,496	I
Pattinson Estate Agents			7,100	6,485	8,000		5,585
Platten Fmnay			500,07I	117,693	160,608	19,125	438,031
PricewaterhouseCaopers			468	1,818			2286
Prime			(7,525)	163,692	144244	20,000	(8,077)
Proud foot Family			905	1,400			2205
PdtG			(6,129)	55.167	49237		(199)
Guy Readman endowment			458,054	125273	224,709	15,000	343,618
Matthew Ridley			926	1,141			2,067
Ringtons			4,698	55,803	60,153		348
Rolls-Royce			421	2,531			2,952
St Cuthbert*s			13,745	2,050	16,000		(205)
John ScBarbara Sadler Jt
Jeancttc Henderson			1,742	5,6!0	5,500		1,852
Johnnie Sr Trtcta Smith and
Family				4202	4,500		401
Barry a Fags speker			1,474	1209	1,700		983
Spriggs Family			1,737	1212	2,949
Squires Foundatton			(3262)	41,411	34249	3,966	(66)
Shobha and Triloki Srivastava
Grassroots			1,458	2,853	1,000	3,000	310
Star			7,965	9,604	12,500	3,000	2,069
Rod Jk Rosemary	Taylor
Family				25,000	22400	2,500
The Temple				50282	45260	5,021	I
Toss			7,775	3,014		5295	5,395
Brian a Iviargaret	Thompson		90	1,48]	1,571
Thorn e rk Derrick			16,868		16,868
Treeline			1274	3,292	3,000		1,566
Vaux			17,222	8,139		25,000	361
Ward Hadaway			1,018	8,822	7,000	600	2,240
Watkin Family			7,130	27,615	22,474		12,271
Weightm an			560	1,302	1,800		62
Welch Femily				1,334		1,334
Wide Open Road			716	7,397	7,164		949
Willis Charitable			1,016	I0424	6,500	4400	540
The Luc Winskell				I 125	I 125
Carried forward			1,504,595	2,431,018	2,604,752	283,874	1,046,987
							43

							Other
		At I	April	Income			outgoings	At 31March
			2022				Jk transfers	2023
				transfers			6
				6
Brou ht forward		I 504 595		2 431018	2 604	752	283,874	I 046987
Winter Family			(437)	15,552	15,370			(255)
Robert Wood Trust			4,597	496I	7,500			1,458
Other general grant-making		293,669		223,477	78,659		194,842	243,645
funds
Total designated	funds	1,802,424		2,674,408	2,706381		478,716	1891,$35
Administrative	fund	834394		I 208 405		-	1,269 529	773 70
Total Communi	poundal&a	2,636,81S		3 88 813	2 706	Sl	I 748 245	065 105
Total Croa		263	18	3 $82,SI3	2 706	$1	I 74$ 45	2 065 105

oup
	Unrestricted	Restricted	Endowment	2023
	Rnds	funds	funds	Total
Investments		874,309	$8,995929	89JI69,638
Tangible Bxed assets	31,635	626,250		6572015
Current assets	2,637,055	4,879,562	284,653	7Jh)1470
Current liabilities	(603485)	($27,8SO)	(50974)	(1,482,439)
Creditors due aller one year		(668,550)		(668950)
Toad net assets	2,065,105	4,$83,691	$9329,008	96,1772I04

arity
		Unrestricted	Restricted	Endowment	2023
		funds	funds	funds	Total
		f	f	f
investments			874,409	86,176,939	87,051,348
Tangible	fixed assets	31.635	626,250		657,885
Current	assets	2,637,055	4,803,827	126,647	7~7,529
Current	liabilities	(603,585)	(801WO)	(50,974)	(1)456&459)
Creditors	due after one year		(668450)		(668,550)
Total net assets		2,065,105	4,834,036	86,252,612	93,151,753

Total	Total
2023	2022

Turnover
Cost ofsstes
Operating profit
Administrative	costs
Net profit


The aggregate ofthe assets and liabilities	was:	Total	Total
		2023	2022
		70	70
Liabilities
Net assets		70	70

SOFA. A	suroraary of	the results ofJoseph Brough Cha	ritable Trust is shown below:
			Total	Total
			2023	2022
Investment	mcome		50,176	43,757
Charitable	accivities		(87,160)	(15,030)
Investment	management	costs	(7,719)	(8,231)
(Losses)igains on investments			(130,090)	127,829
Net movemeut in funds			(174,793)	148325

				Total	Total
				2023	2022
Assets				2408,890	2,358,703
Liabilities				(24&r80)
				2&183&910	2,358,703
Represented		by:		Total	Total
				2023	2022
Permanent		endowment	fund	2,157,668	2495,477
Restricted	funds			26442	63,226
Funds				2 183910	2@58703

			Total	Total
			2023	2022
Investment	income		23445	19,030
Invesunent	managemeat	costs	(5~7)	(6,169)
Charitable	activities		(232)35)	(67,491)
(Losses)/gains on investmeots			(60476)	21,104
Net movement in funds			(66,133)	(33,526)

			Total	Total
			2023	2022
Assets			843,171	912,744
Liabilities			(1,000)	(4,440)
Funds			842,171	908304
Represented	by:		Total	Total
			2023	2022
Permanent	endowment	fund	818,728	884,571
Restricted funds			23,443	23,733
Funds			842,171	908,304

Organisation		Director/employee	Relationship	Total grants
Derwenthaugh	Boat Station	Lucy Winskell OBE	Honorary	750
			President
Newcastle University		Sarah Qlendinning	Court Member	30,250
New Writiag	North	Claire Malcolm MBE	Employee	20,000
North East Theatre Trust		Lucy Winskefi OBE	Trustee	11,125
November Club		Fiona Standfield	Trustee	1,000
Success4A11	CIO	Stella Simbo	Employee	24,255
t/ONNE		Colin Hewitt	Trustee	3,035

Subsidiary	Natare oftransaetiou	Natare oftransaetiou		Value
Joseph Brough Charitable	Paid Community	Foundation	for administrative	5,000
Tttlst	services
Tyne &Wear Foundation	Paid Conununity	Foundation	for administrative	4,045
Trust	services

4 Cash flow information for the Group	4 Cash flow information for the Group	4 Cash flow information for the Group
conciliation ofnet income to net cash liow from operating			acuvtttes
				2023	2022
					f
Net (expenditure)/ income		for the year		(7JI5322)	2,039,696
Adjustments for.
Receipt ofendowment				(874)489)	(1317,427)
Depreciation charges				33,169	33,402
Losses/(gains) on endowinent		investments		4,4322180	(5,813,762)
Decrease/(increase) in	assets	held for resale		14e000	(14,000)
Loss on tgsposal offixed assets
Losses on prognunme	related investments			50,000	142,000
Dividends and interest	1'roin	uvestments		(2,163,131)	(1,841,153)
Decrease in debtors				12r095	2,824,669
(Decrease)/increase m	cmditors			(400,783)	694,710
Net cash used in operating		activities		(6,811~1)	(3,251,559)

		2023	2022
Cash at bank and in hand		2,I21~	3,761,173
Short-tenn	deposits	5,569,806	5,543,905
Total cash	and cash cquivaknts	7,691,172	9005,078