Charity Number Company Number 701917 02317743 East Durham Community Initiatives Limited Trustees, Report and Financial Statements 31st March 2024 '•ADTOTBUB 0610112025. COMPANIES HOUSE •AtiICIABTM 2011212024 COMPANIES HOUSE
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East Durham Community Initiatives Limited Trustees, Report and Financial Statements 31" March 2024 The trustees.. who are also directors for the purposes of company law present their report and accounts for the year ended 31st March 2024. The accounts comply wtth the requirements of the Charities Act 2011, Financial Reporting Standard 102 and follow the recomrnendations in Accounting and Reporting by Charities.. Statement of Recommended Practic8 applicable to charities preparing their accounts in accordane£ with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). Reference and Admlnistratlve Informatlon Charity Name East Durham Community Initiative Limited Charity Number 701917 Company Nurnr 02317743 Charity Trustees William Finkle Acting Chairman Sarah Mather Vice Chaiman Deborah Finkje Secretary Kevin Jeffress Registered Office and Principal Address Jobling House Vane Terrace Seaham SR7 7AU Bankors Barclays Bank plc 57 Fawcett Street Sunderland SR1 1SD Accountants Jacs Accountancy Llmited 35 Seaside Lane Easington Colliery Peterlee SR8 3PG Independent Examlner Adam James MAAT Eric Southwick & Co Accountants 51 The Avenue Seaham SR7 8NS Soli¢ltors Mortons Solicitors 11 Marlborough Street Seaham SR7 7SA
East Durham Community Initiatives Limited st Trustees, Report and Financial Statements 31 March 2024 Chairman's statement As the Chairman of EDCI I have constanuy reviewed and assessed the progress of the Manager and all of the Trusts employees actions and compliance lo ensure that the full instructions and direction of EDCI'S Trustees have been complied with and adhered too. It gives me pleasure on behalf of the Trustee's to thank the management team and staff for their compliance, delivery and for the excellent progress made since the last AGM. Again, I can confirm that as a result of their commitment and hard work EDCI has, not only moved from period of financial uncertainty to expansion of our comniunity projects and have now achieved greater financial security whilst increasing the support of more beneflarieS in our local community. Our charities new project the"Help to Rent. continues to expand providing homes and inclusion of many more beneficiaries. thus providing tenancy security, by supporting their stated needs to a point that they are more confident and self-sufficient to live independenuy when they move from Ouf SUPPOrted accommodations into their forever home in social housing. The truslees recognize the hard work and dedication of the staff in rnanaging the ser¥ices we provide both to individuals and to organizations. and we also know that none of this is achievable without the commitment and dedication that enables us to carry out these services. It is impossible to emphasise enough our gratitude to the staff who give so much of their time to support the local community. The trustees would also like to thank all the organizations who provided financial or voluntary support. with their help and with good management we have continued to deliver our core requirements, and so we offer sincere thanks to all our staff, volunteers, supporters, and friends. Looking to the future. we have many new challenges, not least in the reduction in funding for the services we provide. At the previous AGM our Trust instructed the manager and his team to undertake a feasibility study to convert Jobling House into 7 accommodation units. I can confirm thal all works have been competed lo an excellent high standard. We have secured long tenn commissioning for via 2 services that covers all the 7 new apartrnenls. The first commissioned service.. secures all the top floor rooms (The home Base project), and secured additional funding of 367.92 per week, per annum this equates to £95,659. The new project in the downsiairs 2 rooms rooms wlll enable us to help more beneficiaries and has increased our charity income by 70k and is another commissioned service from Durham County Council. On behalf of the Trust, I have congratulated all the staff for their hard worf< and commitment as they have taken our Instwctions and delivered. We will continue to be a responsible and accountable charity as this is an integral part of dellvering our ainis and objectives as staled in our articles of association. this nol only reflected in our culture, but also In our approach to governance and delivering our services whilst observing our commitment to our charitable works. Our commitment to serve the local communtties in which we operate is stronger than ever. As the Chainnan I have monitored and maintained a robust and effective system of internal controls and risk managemenl, these processes are an essential part of EDCI governance stralegy and a key part of operating as a spOnSible charity. I can confim) that the Board is committed to ensuring that we not only operate effectively, but Ihat each Trustee remains committed lo their role and continues to make a valuable contribution 10 the l)usiness. As a Trust. we remain confident that we will be proactive in developing new strategies and take appropriate actions in order to continue to meet the changtng needs of the communÉty and securing new income strearns which will enhance our long-term growth prospects in our areas of operation. This reflects our belief that we will continue to support our community future years. William Finkle (Chaiman)
East Durham Community Initiatives Limited st Trustees, Report and Financial Statements 31 March 2024 Structure Governance and Mana ement Governing Document East Durham Community Initiatives Ltd is a company limited by guarantee governed by its Memorandum and Articles of Association dated 21 January 2010. It is registered as a charity with the Charity Commission. There are currently 4 members, each of whom, together with the subscribers. agrees to contribute £1 in the event of the charity winding up. Recruitment and Appointmen( of Trustees In accordance with the Articles of Association new positions were nominated. Seconded and voted into their new roles. Our articles of association state all members will reSn their positions and be voted into new posts at the Annual General Meeting. Accordingly, Vice-chair Sarah Mather, Treasurer William Finkle. Secretary Debbie Finkel, Trustee Keven Jeffress are now in new positions for the upcoming financial year. The next AGM meeting all members will retire by rotstion and being eligible, offer themselves for re-election. No remuneration was paid to the trustees during the year. nor was any expenses reimbursed to them. Trustee Selectlon All trustees are familiar with the practical work of the charity and have, also, been encouraged to consult the various Charity Commission publications signposled through the Commission's guide 'The Essential Trustee. and the information sheets provided on the Commission's website. In the forthcoming year, the trustees will seek to ensure appropriate Iraining is provided for all members of the Trusl and thal proposals are brought forward to enhance the potential pool of the trustees. Training of trustees will be led by the Chairman and will cover.. The obligations of trustees The main documents which set out the operational framework for the charity including Ihe Conslitution Resourcing and the current financial pos51ion as set Out in Ihe latest published accounts Future plans and objectives Oryanlsatlon The board of trustees administers the charity. The board meets quarterly to discuss topics covering development, membership, finance, operational decisions, and audit. A Chairrnan is appointed by the trustees to manage the ay-tCdaY operations of the charity. To facilitate effective opeTalions. the Chairman has delegated authority. within terms of delegation approved by the trustees, for operational matters including finance. employment, and special project related activity. Rlsk Management The trustees actively review the major risks which the charity faces on a regular basis but manageable risk. To mitigate this calculated risk the trustees have been pro-active in researching new and innovative funding routes that will assist in increasing the financial reserves whilst maintaining our charitable objectives. The trustees will continue to examine and scan operational and business risks faced by the charity so pro-active action can be taken to reduce or Initigate identified risks. Ob'ectives and activities Ensuring our work dèlivers our aims The Trustees review our aims. objectives, and activities each year. This review looks at what we have achieved and the outcomes of our work in the previous 12 months. The review looks al the success of each key activity and the beneffts they have brought to those group5 of people we are sel up to help. The review also helps us ensure our aim. objectives and activities
East Durham Community Initiatives Limited Trustees, Report and Financial Statements 31st March 2024 remain focused on our stated purposes. We have referred to the guidance contsined in the Charity Commission's general guidance on public beneftt when reviewing our aim and objectives and in planning our future activities. In particular. the trustees consider how planned activities will contribute to the aims and objectives they have set. The focus of our work The main objectives for the year: To continue to provide housing and support to those who are in need and the running of training programrnes and related activities. To actively seek grant fijnding for existing community Projects and to seek new sources of funding to develop fvture projects to meet the changing needs of the under supported and vulnerable members of our community. To be proactive in scanning the shortfalls in statutory obligations by developing eommunily projeÈts to address inequality, social exclusion and to raise the aspirations and qualily of lrfe for under supported and vulnerable members of our community. A number of strategies were employed lo achieve the charity's objectives. Wlthin each of these strategies the aims are to: Promote our existing services to additional referral sources lo maximise the impact for the community and secure additional sources of funding streams; Secure ongoing referrals from the main referral sources by seeking and maintaining a network partnership that will meei the aims and objectives of all service users; To research and develop a new community project that will reflect our aims and articles and will provide additional support to our targeted beneficiaries. Homeless Project: (Homèbase) The move from ils current location to Ihe newly refurbished Jobling House has now been completed. To refurbishment of the old female accommodations al 20 Back North Railway Street and hand over the propety to our Help To Rent Project has now been completed and the new tenant moved into the propety. EDCI was unsuccessful in arranging a £40k mortgage and use these funds as a deposit lo purchase a another rental property for the Help to Rent project, this avenue is now closed. Continue to maintain and pass the high levels of quality standards as stipulated in the tsovernment's Quality Assessment framework to ensure the charity continually meets and exceeds the mandatory contractual requirements on these projects; Continue to update our intemal quality audit systems to ensure the charity is proactive in a regime of continuous improvement and evaluation of the services we offer and deliver; Continue to design and improve OUT policies and systems io celebrate and promote equality and d•versity for charity members. employees and all service users; Further positive developmenl of service user involvement by devising and implementing a service user strategy to meet the contractual requirements of the Government's Qualty Assessment Framework.
East Durham comm.unity Initiatives Limited Trustees, Report and Financial Statements 31st March 2024 How our activities deliver ublic benefit Our main activities and who we try to help are described below. All our charitable activities focus on the provision of housing, support and training and are undertaken to further our charitable purposes for the public benefit. The elements of public benefit range from: Engaging and enhancing the learnlng opportunities and employment prOsctS of permanently excluded young people. Assisting to reduce anti social behaviour in the community by engaging the setvice users in positive activities. Improving the health and wellbeing of homeless young people in the district, by providing or facilitating accommodation-based seplices that will enhance lrfe and coping skills for them to sustsin their own tenancies after periods of intense support. Who used and benefited from our setvlces? The area of actlvity Is the provislon of houslng: Beneficlaries are: 16 to 25 year old female homeless via our female only accommodations. Clients age 18+ clients on the Help to Rent Project. Houslng." The charlty stlll owns and manages an "at rlsk young female accommodation". At any one time the charity's accommodation holds 7 young females aged 16 to 25 years old who may be homeless andlor fleeing abuse. The charity recognlses that the revenue Stream for this project Is Ilmited by the maximum number of bed spaces available. However, progress has been made as we have secured a more realistic rent payment for the accommodation provided, I can confirm that we have successfully renegotiated and increase of rent per room form £165 per room per week, to £365, this generous increase took 6 months to gain agreement and will come Inio force when the clients move into the newly refurbished Jobling House accommodations. We shall continue to support our staff by offering continuous training and counselling that will improve our serrfice delivery to our service users. The Help to Rent project has greatly enhan our revenue stream, and increased the amount of beneficiaries. we have largeted this project to expand over the next financial year. Achievements and erfomiance Various perforniance measurement tools are also used to evaluate the Homeless Projects and again the charity is pleased to announce that in the last financial year we achieved: A 90°/o occupancy rate at the accommodation. wllh a high proportion of young people moved onto full time education courses or employment. and 82 % of our service users were able to conlinue to sustain their tenancy after the support period with us had ended. Conlinued to take steps and actions to reduce ovefheads to a sustainable level
East Durham Community Initiatives Limited Trustees, Report and Financial Statements 31" March 2024 Financial review Please refer lo the financial statements. Th8 charity will continue ensure a regime of regular monitoring of the reserves. Investment powers and pollcy Under the Memorandum and Articles of Association. the chanty has the power to invest in any way the trustees wish. The truslees, having regard to the liquidity requirements of operating the charity and to the reserves policy have operated a policy of conlinuous monitoring and improvement. The Trust needs to continue to develop and grow to maximise financial security and to meet the ever changes of needs and risks to our beneficiaries. The Trust instructed the Manager and his team to undertake a new feasibility study to develop the following expansion. Sel up an arm's length company as an income generator to the core charity Purchase our own housing stock. Reserves policy The charity's policy is to maintain sufficient liquid reserves to meet its operating costs and obligations for a 3 month period. The Cuffent reserves although reduced still meet this policy. Plans for future erlods The charity is committed to maintsining and expanding existing communty projects and will strive to meet its existing obligations whilst developing ils fundraising strategy to meet future trends and appropriate development activrties. The trustees acknowledge that to maximise the benefits of its charitable activities. the charity's alms and objectives are evolving to enable it to conlinue to meet the diverse and changing needs of under-supported members of the community. Trustees, res ons5bilitles In relatlon to the finan¢lal statemenls Company law requlres the trustees to prepare financlal statements that glve a true and fair view of the state of affairs of the charitable company al the balance sheet date and of its incoming resources, including income and expenditure, for the financial year. In preparing those financial statements. the trustees should follow best practice antt. Select suitable accounting policies and then apply them consistently. Make sound judgments and estimates that are reasonable and prudent., and Prepare the financial slatements on the going concem basis unless it is inappropriate to presume that the charity will continue in business. The trustees are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of Ihe charitable company and enable them to ensure that the financial statements comply with the Companies Acl 2006. The trustees are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevenlion and delection of fraud and other irregularities. The trustees, who are directors for the purposes of company law, who serve
East Durham Community Initiatives Limited Trustees, Report and Financial Statements 31st March 2024 during the year and up to the date of this report are set out on page 1. In accordance with company law, as the company's directors, we certify thaL' Auditors A resolution will be proposed at the Annual General Meeting that Jacs Accountancy be appointed as accountants to the charily for the ensuing year for the monthly management accounts, payroll and pensions. The Accountant Eric Southwick will be the auditor for the end of the year finance aGcounts. This report has been prepared in accordance with the Statemenl of Recommended Practice: Accounting and Reporting by Charities (issued in March 2005) and in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small entities. On completion of EDCI'S annual accounts the Trust will subrnit them for an independent examination by a qualified auditor. By order of the Chaimian William Finkle
East Durham Community Initiatives Limited Trustees, Report and Financial Statements 31st March 2024 Independent Examiner's Report to the Members of East Durham Community Initiatives Limited I report on the accounts of the charity for the year ended 31 # March 2024, which are set out on pages 09 to 16. Respective responsibilities of trustees and examiner The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 20111the 2011 Act) and that an independent examination is needed. It is my responsibilty to: examine the accounts under section 145of the 2011 Act; to follow the procedures laid down in the general Directions glven by the Charlty Commission under section 145(5){b) of the2011 Act; and to state whether particular matters have come to my attention. 8asls of independent examinerfs report My examinalion was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounls psented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations frorn you as trustees conceming any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and, consequently, no opinion is glven as to whether the accounts present a "true and fair view" and the report is limited to those matters set out in the statement below. Independent examln8r's statement In connection with my examination, no matter has come to my attention. (1) which gives rne reasonable cause to believe that in any material respect the requirements - to keep accounting records in accordance with section 130 of the 2011 Act: and - to prepare accounts which accord with the accounling records and comply with the accounting requirements of the 2011 Act have not been met; or (2) to which, in my opinion. attenlion should be drawn in or(Jer to enable a proper understanding of Ihe accounts to be reached. Adam James MAAT Eric Southwick & Co Accountants 51 The Avenue Seaham Co Durham SR7 8NS Date: 1511012024 Éric Southwick & Co A dn5 Company Accountanls & Charity Experts
East Durham Community Initiatives Limited Trustees, Report and Financial Statements 31st March 2024 Statement of Financial Activities (including Income and Expenditure Account) st For the year ended 31 March 2024 Unrestrlcted fund• Restricted fiinds Total fuftds 2024 Total funds lricome ah'd ondowmerits from: Donallon$ and legaclo9 Charltoble actlvltles Investments 48,480 949.118 6.379 907,017 48.480 949.118 6.379 907,017 26.245 793,077 18 819,340 Expenditur8. on.. Charllable a¢llvill•$ Total 841,464 8'41.464 841,464 841,464 718,211 718,211 Not In¢om•l{oxpondltur•'i Net movement In funds 65,553 66.553 65,553 65,553 101,129 101.129 R•con¢lllatlon ol Fun0$ Total lunds brought fo'Nard Total funds carylod lorward 302.160 367.713 381.358 381.358 683,S18 749,071 582,389 683,518 The Statement of Financial Activities includes all gains and losses in the year and therefore a statement of total recognised gains and losses has not been prepared. All of the above amounts relale to continuin9 activities. The notes on pages 09 to 16 foTm part of these accounts.
East Durham Community Initiatives Limited st Trustees, Report and Financial Statements 31 March 2024 Balance Sheet As at 31" DAarch 2024 2024 2023 Flxed Ass•ts Tanglble 0$s8ls Total Ilx•d os8•ts Current assets Cash al bank and In hand Olher 0oblo(s Tolal current assèts Currenl Llablljtles Cr¢dllof5.' AJnounts l•lllng du• williin on• year 6S7.763 657.763 648.948 648.948 204,720 72,918 26.245 99.163 204.720 10 2'0,619' 6'4,592 N•t current Ks•ts 184,101 34,570 Tolal •$s•ts l•s% cuff•nt lJabllltl•s 841.864 683,518 Cf•dllor5'. knioun15 lallln9 du• •ft•r mor• th•n om y•ar {92,793) Net assets 749.071 683.518 Th• lund$ ol tho ¢Mrlty Re$lrl¢ted Income liinds UnfgStrlcl•d Income fvnds Totsl cV4'•11ty lu'rid• 12 13 a81.358 302.160 683.S18 367,713 749.071 The financial statements were approved by the trustees, aulhorised for issue and are signed on their behalf by: Sarah Mather Trustee The notes on pages 09 10 16 fom part of these accounts. 10
East Durham Communllty Initiatives Limited Trustees, Report and Financial Statements 31sI March 2024 Notes to the accounts 1 Accounting policies In preparing the accounts the following accounting policies have been complied with: a) The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of RecDmmended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effecltve 1 January 2019) - (Charities SORP FRS 102). the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011. b) Assets and liabilities are initially recognised al historical cost or transaction value unless otherwise stated in the relevant accounting policy or note. c> Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the Trust. Unrestricted ndS include a revaluation reserve representing the restatement of freehold propety at market value. d) Designated funds are unrestricted funds earmarked by the Trustees for particular purpose5. e) Restricted funds are subj8Cted to restrictions on their expenditure imposed by the donor or through the terms of an appeal. All incoming resources are included in the Statement of Financial Activities when Ihe Trust is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific poliGies are applied to particular categories of income.. i) Donations and legades are received by way of grants, donations and gifts and is included in full in the statement of financial activities when receivable. Grants, where entitlement is conditional on the delivery of a specific performance by the Trust, are recognised when the charity becomes unconditionally entitled to the grant. ii) Income and endowments from charitable activities is accounted for when the letting or activity takes place and deposits received during the year in respect of future periods are carried forward as deferred income. lil) Other Irading income from the shop is accounted for when eamed. iv) Investrneni income is included when receivable. v) Donated services and facilities are included at the value to the charity where this car) be quantified. The value of services provided by volunteers has not been included in these accounts. g) Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered. and is reported as part of the expenditure to which it relates- i) Expenditure on raising funds comprise costs ass(Kiated with attracling voluntary income, including costs of trading for fundraising purposes induding Ihe charily's shop. ill Expenditure on charitable activities comprises those costs incurred by the charity in the delivery of its activities and Ser1GeS for its beneficiaries. It indudes both costs Ihat Gan be allocated directly to such activities and those cosls of an indirect nature necessary to support them. iii) All costs are allocated belween the expenditure categories of the Statement of Financial Aclivities on a basis designed to refiecl the use of the resource. h) All fixed assets a initially recorded at cost. i) Depreciation is calculated so as to write off Ihe cost of an asset, less its estimated residual value. over Ihe useful economic lrfe of that assel as follows: Freehold property 2 % , straight line Plant and machinery 25 /0 Straight line Motor vehicles 25°/o slraight line 11
East Durham Community Initiatives Limited Trustees, Report and Financial Ststements 31st March 2024 Notes to the accounts (Continued) 1 Accounting policies Icontlnued) j) The charity operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the Trust. The annual contributions payable are charged to the siatement of Financial Activities. k) Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease. 2 Taxation The charity is exempt from laxation on its income and gains where they are applied for charitable purposes. Irrecoverable VAT is included in the cost of the goods or services on which it was charged. 3 Income and endowments from: Donations and legacies ilnrn51rtctod Ro5tsictod 'T¢Jtal nd fun 2024, funds 2023 . Appr8nlictÉhlp gfants. 0lhBr Grnn Olher QonHled IF>tom• Tol31 48.4 rt8",480 &3.245 8'.480 4 Income and èndowments from: Charltable activllies Unrè8trlct•d funds Restrlclod lunds Total funds 2024 Totsl lunds 2023 Houslng renlal Contnbutloh's Cds18 Béd Errièig•ri¢y Rooih Outham Counly Councll Suppart paymanls Total 803.239 3,679 70.000 720 803.239 3,679 70,000 720 609,310 71.480 949.118 71,480 949.118 181.412 793,077 5 Income and endowments from: Investments Uthrnslrlthd RèÈtrietsd Tiiial lunds funds fun 2024 Total fund$ 1023 P(oporfy fen&J ini4J Enorgw VuuGhEIs Bank iThterest T1v& 6317 45 17 6317 45 17 18 Totsl IB 12
East Durham Community Initiatives Limited st Trustees, Report and Financial Statements 31 March 2024 Notes to the accounts (Contlnued) 6 Exponditure on: Charitable 2Ctivitles Unr•strfcted lund8 R•strlcted fid3 Total lund$' 2024 Tot41 lunds 2023 PLsrcha4s and other cost ol sal•$ Wages P•nslon co$t$ Tralnln9 and Wollor• Travel & subslstence Motor •yptn$•s Rata8 and wat•r chary•s Ught. heal and power Cloonln9 •nd wagt• rn•nag•m•nl Premi805 repatss.. r•rfwtals and malntenance Prop•rty Insuranc• otor InsLtTanc• Officg Tenl Enlertalrlng equlpménl exp8ns•d Tèl8phone, and Inteffl•t Posta9 siallongry and prlnllng Mombershlp MbKrtpttoM Advertn9 Sun¢Jry •xpens•s Softwur• Accounlanty Indèpendènt •xarnlnaUon lees Olher *ol and prolesslonal Iht•i¢st- Lo4n. L••Jés & HP Bank ¢har9•S Orn¢•' Fumllufl Ponallles Depr¥¢lallon 8nd •mortlsJUon Chathy Selècllv• Ilc•n¢• Woth W•ar R•nt Totsl 2.486 327.99S 4,680 7.499 2,486 327,99S 4,680 7,499 1,537 272,467 7.319 1,258 10,053 5.357 4,470 8,504 16,330 4.134 19.545 6,791 16.330 4.134 19.545 6,791 53.153 2.830 2.146 53.163 2.830 2.146 80,711 1,928 3.240 726 S80 2.S41 174 1,195 35 120 679 2.379 197 970 433 679 2.379 197 970 433 2.0?5 445 3.498 87S 549 13.09J 236 588 750 6,475 200 1.245 g.075 44S 3.496 875 549 13.096 236 588 750 6,475 200 1.245 161 359,028 841.464 492 2,738 875 4.080 3,515 229 3,739 400 14,763 359.028 841.464 276.390 718,21 7 Employee Information No employee received emoluments in excess of £60,000 during Ihe year (2023 nil). Ernployee costs during the period were as follows.. 2024 2023 Wages and salarfe$ Soclal secu(ty ¢o$ts other pension costs 310,315 272,467 17.679 13.847 4,680 3.694 332,674 290,007 The total number of people employed during the period was 17, the average full-time equivalents were as follows: 2024 2021 Cnarlty Statr 17.0 15.0 13
East Durham Community Initiatives Limited Trustees, Report and Financial Statements 31st March 2024 Notes to the accounts (Continued) 8 Trustee Information No trustee received remuneration (2023.. none) or was reimbursed expenses (2023: nil) during the year. 9 Fixed Assets Freeh'old prop•rty Vehl¢l•s Total Cost or valuatlon At 01 April 2023 Additions Disposal At 31 March 2024 Depr•¢latlon At 01 April 2023 Charge for the year Disposal At 31 March zog4 N•t book valuè At 31 March 2024 At 31 March 2023 654.199 890 47.8Q4 14,400. 702.003 15.290 655.089 82.204 717.293 15.189. 438 37,867 6.037 53.058 6.475 15,827 43.904 59.531 639 482 639 010 857 763 648.948 9.938 2024 2023 Net book value of revalued thngibl& ed assets 184 373 184811 Historical cost to date Accumulated depreciatton to dale 25.123 {15.827} 9.498 25,123 (15,189) 9,934 10 Credltors: Amounts falllng due wlthln one year Cr•dilorn <,1 y•ar .Z023 Bank loan5 and ¢)vordiaRs Hir purchBsp (nlrts T1& u0d(tQ75 Tax4lDTr and 50¢kn1 Ierrfty Olhet Gredil.urs 6'.303 J.494 1.338 6.436 1.989 20,619 36,S78 11,832 72Y2 5.834 2,257 64,592 11 Creditors: Amounts falling due after one year CdI10t¥ > I*T 2023 Hlrapurthase n1c 8ank103Tr5 fnd 0tr8rtralts 17.G53.>4 75,139.74 91793.08 14
East Durham com.munity Initiatives Limited st Trustees, Report and Financial Statements 31 March 2024 12 RestrlGted income funds Apprenticeship grants Big155ue' Other Oonated Income County Durham Communty Foundation so.uoo 26,245 5U.OOU 26.245 305113 305 113 381.358 13 Unrestrlcted Income funds Goneialtijnd R8v8luallon R•s8r%• 127,283 174.871 107.011 174.877 841.464 14 Analysis of net assets between funds 2024 2023 A•strlclad flbnds Fth•d assets Ctsvrenl 8$s'ets 381.358 381,358 Unr•8trlcl•d fvnd8 Flxed asso15 Currenl assets 276,405 184,101 267,590 34,570 683,518 367,713 749.071 15 Related Party Transaction There are no transactions with related parties that require disclosure. 16 Controlling Parties The charity is conlrolled by Ihe trustees. 17 Other Information The charity is an unincorporated trust with its registered office at Jobling House, Vane Terrace. Seaham, County Durham, SR7 7AU. 15
East Durham Community Initiatives Limited st Trustees, Report and Financial Statements 31 March 2024 18 Comparative Statement of Financial Activities by fund type (2024) Unrestriffleii RestrtrAed Total tunds T¢)ial fund5 funds funds 2023: 2022 In¢om• and endovmi•nts from:. Donallons an(1 legacles Charllable aclivllies Inveslmenls, 26.245 26.245 793,077 18 357.613 482.924 1.687 842.224 793.077 18 Total 793.095 26.245 819,340 expendlture on: Charilabie aclivities 718.211 718.211 .718,211 718.211 485.842 485.842 Total Net Ineomel(expethdlturé)- Net movement In funds. 74.884 26.245 26.245 101.129 101.129 356.382 74.884 356.382 16