2023-03-31-accounts

Referen	ce and Administrative I	ce and Administrative I	ce and Administrative I	nformation
Charity	Name				East Durham	Community			Initiative	Limited
Charity	Number				701917
Company		Number			02317743
Charity	Trustees				William Finkle		Acting Chairman
					Sarah Mather		Vice Chairman
					Deborah Finkle		Secretary
					Anita Brown
					Kevin Jeffress
Registered			ONce and Principal	Address	Jobling House
					Vane Terrace
					Seaham
					SR7 7AU
Bankers					Barciays Bank		pic
					57 Fawcett Street
					Sunderland
					SR1 1SD
Accountants					Jacs Accountancy			Limited
					35Seaside Lane
					Easington Colliery
					Peterlee
					SR83PG
Independent			Examiner		Adam James	MAAT
					Eric Southwick		&	Co
					Accountants
					51 The Avenue
					Seaham
					SR78NS
Solicitors					Morton s
					Solicitors
					11 Marlborough		Street
					Seaham
					SR77SA

			S	Unrestricted	Restricted	Total funds	Total funds
				funds	funds	2023	2022
					E	8	8
Income and endowments		from:
Donations	and legacies		3		26.245	26,245	357,613
Charitable	activities		4	793.077		793.077	482.924
Investments			5	18		18	1,687
Total				793.095	26.245	819.340	842.224
Expenditure on:
Charitable	activities		6	718.211		718.211	485.842
Total				718.211		718.211	485.842
Net income/(expenditure)				74,884	26.245	101,129	356,382
Net movement	in funds			74,884	26,245	101,129	356,382
Reconciliation	of Funds
Total funds brought forward				227,276	355.113	582,389	226,007
Total funds carried forward				rllX3821	381.358	883.518	582.388

As at31"INarch	2023
				2023		2022
Fixed Assets
Tangible assets		9		648,948		648,923
Total fixed assets				648.948		648.923
Current assets
Cash at bank and in	hand		72.918		136.531
Other Debtors			26,245
Total current assets			99,163		136.531
Current Liabilities
Creditors: Amounts	falling	due
v ithin one year		10	64,592		203.065
Net current assets				34.570		166,534)
Total assets less current Net assets		liabilities		683.518 683.51I3		582,389 ~82.389
The funds ofthe charity
Restricted income funds		11		381.358		355.113
Unrestricted income	funds	12		302.160		227.276
Total charity funds				683.518		582.389

3	income	and	e	n	dowments	from:	Donations	and	legacies
							Unrestricted		Restricted	Total funds	Total funds
							funds		funds	2023	2022
							E		E		E
	Apprenticeship			grants							2,500
	Big Issue										25,000
	Other Donated			Income					26.245	26.245
	County Durham				Community
	Foundation										305,113
	Total								26.245	25.245	332.513
4	Income	and	endowments			from	Charitable	activities
							Unrestricted		Restricted	Total funds	Total funds
							funds		funds	2023	2022
										E
	Housing	rental					609,310			609.310	417,781
	Contributions						2.354			2.354	1,234
	Durham	County			Council
	Support	payments					181.412			181.412	63,909
	Total						793,077			793,077	482,924
5	Income	and	endowments			from:	Investments
							Unrestricted		Restricted	Total funds	Total funds
							funds		funds	2023	2022
								E		E	E
	Properly	rental		income							1.647
	Bank interest		receivable					18		18	40
	Total							18		18	1,887

Expenditure on: Charit	able ac	tivities
		unrestricted	Restricted	Total funds	Total funds
		funds	funds	2023	2022
			6	6
Purchases and other cost	of sales	1.537		1,537	411
Wages		272,467		272.467	228,785
Pension costs		3.694		3.694	3,022
Training and Welfare		7,319		7,319	676
Travel &subsistence		1,258		1,258	5.216
Motor expenses		10,053		10,053	2.719
Rates and v,ster charges		5.357		5,357	4.239
Light, heat and po ver		4.470		4,470	4.163
Cleaning and waste management		8.504		8,504	4.441
Premises repairs. renewals
and maintenance		80,711		80.711	16,266
Property insurance		1.928		1.928	1.503
Office rent		3.240		3.240	6.247
Entertaining		726		726
Equipment expensed		580		580
Telephone. fax and internet		2,541		2,541	2,049
Postage		174		174	528
Stationery and printing		1,195		1,195	1,209
Membership subscrlptlons		35		35	35
Advertising		120		120
Sundry expenses		5.082		5.082	1.306
Sofruare		492		492	320
Accountancy		2,738		2.738	2.428
Independent examination	fees	875		875	875
Other legal and professional		4.080		4.080	5.200
Interest - Loan. Leases &	HP	3.515		3.515	53
Bank charges		229		229	1.669
Depreciation and amortlsatlon		3.739		3.739	3.589
Charity		400		400
Selective licence		14.763		14,763
Rent paid		276.390		276.390	188,893
Total		718.211		718,211	485,842

Total	Total	Total			71	8.211		7	18,211	485,842
Employee information
No employee	received		emoluments		in	excess	of 260,000 during		the year (2022 nil).
Employee costs during			the period were			as follows:
									2023	2022
										6
Wages and salaries								272.467		217.141
Social security	costs								13.847	11.644
Other pension	costs								3.694	3,022
								290.007		231.80i
The total number		of people		employed		during	the period	was 15,	the average	full-time
equivalents were as follows:
									2023	2022
									6	6
Charity staff									15.0	10.0

No trustee received remuner during the year. FixedAssets	ation	(20	22: none	) or was reimbu	rse	d expense	s	: n)
				Freehold		Veh)cles		Total
Cost or valuation At 01 April 2022				property f 654.199		47,204 13.250		f 701.403 13.250
Additions						(12.650)		(12.650)
Disposal At 31 March 2023				654.199		47.804		702,003
Depreciation At 01 April 2022 Charge for ths yea) Disposal At 31 March 2023				14.763 426 15.189		37.717 3.313 (3.163) 37.867		52.480 3.739 (3.163) 53.056
Net book value At 31 March 2023 At 31 March 2022				639010 639.436		9,938 9.43B		648,948 646.924
						2023		2022
								f
Net book value of revalued	tangible	fixed assets				184.811		185.663
Historical cost to date Accumulated depreciation	to date					25.123 (15.189) 9.934		25.123 (14.763) 10.360
10 Creditors: Amounts falling due Creditors «1 year		within one		year		2023		2022
Bank loans snd overdrafts Hire purchase contracts Trade creditors Taxatlon and social security Other creditors						36.576 11,632 7,292 5,834 3,257 64.592		47,678 10.703 139,390 3.796 1.498 203.065
11 Restricted income funds
		10 40	09 04		Bl		01	04 ~2 « 40 63
		«'0 0	29 «6	6o0«			03« 19
				f				f
Apprenticeship grants Big issue Other Donated income		50.000		26.245				50.000 25.245
County Durham Community Foundetk3n	305,113 355.113			26.245				305.113 381.358

Comparativ	e	Statement	of Fin	ancial Activities	by fund type	(2022)
				Unrestricted	Restricted	Total funds	Total funds
				funds	funds	2022	2021
				8	E		8
income and	endowments		from:
Donations		and legacies			357,613	357.613	19,460
Charitable		activities		482.924		482,924	309,488
investments				1.687		1,687	2.461
Total				484.611	357.613	842.224	331,409
Expenditure	on:
Charitable		activities		483,342	2.500	485,842	300.595
Total				483.342	2,500	485.842	300595
Net income/(expenditure)				1,269	355.113	356.382	30.814
Net movement		in funds		1.269	355.113	356.382	30.814