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REGISTERED COMPANY NUMBER: 03208721 (England and Wales)
REGISTERED CHARITY NUMBER: 1059761















REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

GLENDALE GATEWAY TRUST

GLENDALE GATEWAY TRUST






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Chairman's Report 1

Report of the Trustees 2 to 7

Independent Examiner's Report 8

Statement of Financial Activities 9

Balance Sheet 10 to 11

Notes to the Financial Statements 12 to 24

GLENDALE GATEWAY TRUST

CHAIRMAN'S REPORT
FOR THE YEAR ENDED 31 MARCH 2023


Firstly, I would like to extend thanks to the staff and Trustees for all their hard work and commitment during the past year. I would also like to thank Gemma Douglas, who has moved on to a new job role, for her work over her employment at the Trust.

Over the past 12 months the Glendale Gateway Trust has made huge strides in increasing the engagement with families and the communities in Wooler and beyond. The new and existing thriving groups attending the Cheviot Centre are testimony to this. The Cheviot Centre has increased its presence and continues to be a go-to venue with an up-to-date booking system and other developments planned to further enhance the offer.

The portfolio of residential and commercial properties has been scrutinised over the past year. Feedback from tenants and inspections have been undertaken resulting in a comprehensive programme of upgrading further reinforcing the position of the Trust as a responsible, socially aware landlord.

The Trust remains in a strong financial position, as reported in this document, and thanks should be noted to staff and Trustees for their diligence in taking up financial support and careful management.

The past year has seen exciting developments in our work and partnerships and we continue to focus on the residents of our community throughout Glendale in the year ahead as we remain committed to our Mission and Objectives.



Becci Murray
Chair - Glendale Gateway Trust

GLENDALE GATEWAY TRUST (REGISTERED NUMBER: 03208721)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2023


The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES
The Trust was established to benefit the community of Glendale, in particular through:

Education, in both historical and architectural heritage, and the natural environment.

The provision of facilities for recreation and leisure time occupation.

The improvement of infrastructure and in particular road services in order to improve road safety. The provision of affordable housing.

Co-operation with other persons or organisations with similar aims.

Under the umbrella of education are listed:
- information about and access to buildings of particular architectural or historical interest, and all aspects of the natural environment.
- assistance for persons to gain employment and schemes where such persons may receive training while in employment.

Within the "Objects" are also listed:
The maintenance and management of a multi-purpose community centre.

Direct provision of affordable housing accommodation and,
the provision of youth hostels or other accommodation to promote health, recreation and education.

Summary of the main activities
The Cheviot Centre: This is the Trust's multi-purpose community centre.
Housing: We now have and let out three houses and seventeen flats.
The Youth Hostel: This is let out and run independently of the Trust.
Other Activities include:
The annual Glendale Festival, and Farmers Markets,
The funding of a Glendale Middle School educational outing/event,
The operation of the Wooler and Glendale food bank and,
The letting of properties to local businesses as well as to Hospice Care North Northumberland and to the Wooler Drop-in Centre.

Charity Commission public benefit guidance
We are required to state that we have paid due regard to the Charity Commission's public benefit guidance. We have done this by our reporting above and below on our charity's purposes, activities and achievements.


GLENDALE GATEWAY TRUST (REGISTERED NUMBER: 03208721)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2023

ACHIEVEMENT AND PERFORMANCE
Community engagement and working in partnership with a variety of organizations has increased during this financial year. This has greatly enhanced the reputation of the Trust and the Cheviot Centre locally and throughout Northumberland. This has also led to more funding opportunities for various projects.

Cheviot Centre

Activities taking place have increased throughout the year. The Centre is frequently busy and rooms are often fully booked. The various children's activities that have been introduced has led to children and families visiting the centre, often for the first time. The weekly art group Inky Fingers has meant the centre is filled with excited and busy children at least once a week which is wonderful to see. The extensive programme of community activities held at the Cheviot Centre as part of the Illuminated Sheep project this year brought children and families together and raised the profile of the Centre around Glendale and beyond. Working closely with Northumberland County Council we have finally ensured the opening hours for the library and Tourist Information Centre have increased bringing more services at more appropriate times to the community and visitors alike.

Long term tenants Royal Voluntary Service left their 2 offices in early March 2023 but replacement tenants have been secured and all offices are now occupied.

The community garden at the rear of the Cheviot Centre has been tended by a team of remarkable volunteers and many events have been held outside in the sunshine. The children particularly, have enjoyed the outside activities.

The introduction of an automated room booking system has led to a more effective and easier way to book and monitor room usage.

Funding was secured from NCC to operate the Cheviot Centre as a warm space during the colder months and to help people who were struggling to heat their homes due to the increased gas and electricity costs. Members of the community could come along and keep warm at the Centre or come early for their activities or stay later. They could make a hot drink, charge up their devices and read a book or magazine in comfortable surroundings.

Housing

A programme of extensive property repairs has been carried out this year including a brand-new roof on Roddam Dene. A reliable and professional handy man has been recruited which means smaller repairs are done quickly and to a high standard which has greatly improved the service to our tenants.

A tenant has been found for the ground floor of Barclays bank and a Bistro/restaurant will open in the Autumn/Winter 2023.

Youth Hostel

The roof of the Wardens accommodation, damaged by Storm Arwen, was finally repaired after many delays caused by the insurance company but the wardens prefer to continue living off site. Plans are still being considered to determine what to do with this part of the hostel. The hostel continues to attract visitors and is busy during the summer months with private bookings increasing in the winter months.

Other Activities - just a few examples of projects we have undertaken

The Gathering
Working in partnership with Bell View we ensured the Weekly Gathering has continued to operate to provide social interaction for older people in Glendale. The RVS withdrew their support and funding in March 2023 and Bell View stepped in to run the group.

Trips to the supermarket

GLENDALE GATEWAY TRUST (REGISTERED NUMBER: 03208721)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2023

Working with Bell View in Belford and the United Reform Church in Wooler we have also gained funding to organise monthly shopping trips to the larger supermarkets in Berwick or Alnwick. With one of our volunteers driving one of Bell View's mini buses we can provide free transport for people to and from the supermarkets so they can have more choice and gain better value for money with their weekly shop during the current cost of living crisis.

Share Shed
Funding was secured to provide a facility to allow the community to share excess produce from gardens and allotments with each other. This was originally going to enhance the food provided by the Wooler food bank but the community has got on board with the concept and they now share a variety of things with each other, from books and clothes to toys and games as well as fresh produce and jams and chutneys.

Memory Lane
Bernicia has helped the Glendale Gateway Trust establish the 'Memory Lane' group in the Cheviot Centre with a £9,000 grant from their Community Investment Fund. The group meets every fortnight, with music at the heart of sessions to help rekindle memories and slow cognitive decline. We identified a need for a group to tackle isolation for people living with dementia in Wooler and its surrounding Northumberland rural communities.

The group provides transport to help people and their carers attend the 'Memory Lane' group - ensuring they don't have to travel further afield at their own cost to Alnwick or Berwick to seek support. We currently have 8 people and their carers who attend regularly and a musician and a music therapist come along to ensure everyone has fun and can remember again the joy music can bring through singing, dancing and playing musical instruments. A local artists pops in once a month and helps with some creative art sessions too.

Support for other community groups
We have provided support to a number of community groups, in particular, Carham Defibrillator project and The Community Burial Site in Wooler. The Northumberland Log Bank has benefitted from our support greatly over the past year. We have supported their founder Kate Thick and helped secure funding for a new log splitter and other vital equipment.

Considerable support has been provided to the Wooler Drop In. Help and advice and personal support was provided to the outgoing Centre Manager and then advice and support was provided to the new Centre Manager once she was recruited. We then helped them recruit a new Board of Trustees following a successful community meeting.

Conclusion

During the last financial year, The Glendale Gateway Trust has gone from strength to strength and established itself as a trusted partner with both statutory and voluntary organisations throughout Northumberland.


GLENDALE GATEWAY TRUST (REGISTERED NUMBER: 03208721)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2023

FINANCIAL REVIEW
The attached accounts are prepared in accordance with legal accounting requirements which in part do not make easy reading. The Trustees therefore offer a simplified summary as follows:

Assets and Liabilities at 31 March 2023
£
Fixed Assets 2,640,000

Loans to fund these fixed assets (90,000 )

Net Current Assets before loans (largely cash funds)
Restricted funds 82,000
Unrestricted funds 240,000
Total funds 2,872,000
The above loans are:
Unity Trust Bank 48,000
Quaker Trust 42,000
90,000
The Unity Trust Bank loan was repaid in full in April 2023.
Repayments which we are committed to pay on the remaining loan in 2023/24 year total £3,500.

Income and Expenditure for the Year to 31 March 2023
£
Income
Cheviot Centre 66,000
Residential Housing 93,000
Non-residential Property 46,000
Other (mainly grants) 68,000
273,000
Expenditure
Direct costs
Cheviot Centre 18,000
Residential Housing 41,000
non-residential Property 5,000

Other (including administration and wages) 141,000
205,000
Surplus before depreciation 68,000

Depreciation 55,000
Net increase after depreciation provision 13,000



GLENDALE GATEWAY TRUST (REGISTERED NUMBER: 03208721)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2023




Reserves Policy
The trust wishes to continue to increase it's reserves in order to:
Meet its liabilities.
Fund the repair and rejuvenation of fixed assets.
Modify its activities without undue haste and cost, should income unexpectedly fall.
Take any appropriate opportunities in support of the community of Glendale.

At the year end the general unrestricted funds of the charity were £240,975 (2022 £234,650).

Immediate plans
Further roof repairs are required on 3 properties along Wooler High Street and this will be carried out in the Autumn.

Ongoing repairs and maintenance are required on all our residential properties with new windows required at an address on the High Street. A pre-application to Northumberland County Council has been submitted as the property is within a conservation area.

Various reports and feasibility studies have been carried out regarding the heating system at the Cheviot Centre which is no longer fit for purpose. A working group including some Trustees will be formed to take this forward to ensure we proceed in the most cost effective and environmentally friendly way.

We are keen to acquire ground floor residential accommodation locally as many of our residents have decreasing mobility and health issues. We are actively seeking suitable properties to purchase and convert within easy reach of local services and facilities.

The charity's principal sources of funds
Historically the trust has received significant grant funding which has largely provided the housing and other property stock. The annual income of the trust is now mainly from housing rents, the Cheviot Centre income, the Youth Hostel and other commercial property rents.

In the year to 31 March 2023 grants and private donations have again been a major factor.

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Committee of Management
The Trust is managed by the Committee of Management. The maximum number of committee members (trustees) is 12 and the minimum is 5. The committee members are elected for a period of three years by the members of the Trust at the Annual General Meeting. Committee members will have a maximum of three terms (9 years) with an additional one year in exceptional circumstances.

There are provisions within the Articles of Association for committee members to be appointed by the committee, should the need arise.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
03208721 (England and Wales)


GLENDALE GATEWAY TRUST (REGISTERED NUMBER: 03208721)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2023

Registered Charity number
1059761

Registered office
The Cheviot Centre
12 Padgepool Place
Wooler
Northumberland
NE71 6BL

Trustees
Ms B Murray (Chair)
P J Sheard (Vice Chair)
Dr J B Bales (Treasurer)
Ms S P Younger
Ms C L Wait (resigned 27/6/2023)
R Walsh (appointed 27/3/2023)
Ms A Wood (appointed 27/3/2023)
Ms R Lovett (appointed 31/10/2022)
Ms A Worlock (resigned 30/1/2023)
Ms S Mills (resigned 30/1/2023)

Independent Examiner
G O'Dea C.A.
J.H. Greenwood & Company
Chartered Accountants
Ava Lodge
Castle Terrace
Berwick Upon Tweed
Northumberland
TD15 1NP

Employed Staff who served during the course of the year
Karen Froggatt (Chief Executive)
Rachel Sinton (Administrator & Cheviot Centre manager)
Gemma Douglas (Project Management & Development officer) (resigned April 2023)
Susan Mitchell (Projects and administration assistant to Sept 22, Accountant from Sept 22)
Mike Hetherington (Accountant, retired Sept 22)
Shauna Goulbourne (Caretaker)

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by order of the board of trustees on 5 September 2023 and signed on its behalf by:





Dr J B Bales - Trustee

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
GLENDALE GATEWAY TRUST

Independent examiner's report to the trustees of Glendale Gateway Trust ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2023.

Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants of Scotland, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.








G O'Dea C.A.
The Institute of Chartered Accountants of Scotland

J.H. Greenwood & Company
Chartered Accountants
Ava Lodge
Castle Terrace
Berwick Upon Tweed
Northumberland
TD15 1NP

5 September 2023

GLENDALE GATEWAY TRUST

STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2023

31/3/23 31/3/22
Unrestricted Restricted Total Total
funds funds funds funds
Notes £    £    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 9,674 52,110 61,784 25,330

Charitable activities
Glendale Gateway Trust activities 205,739 5,459 211,198 204,274

Investment income 2 92 - 92 -
Total 215,505 57,569 273,074 229,604

EXPENDITURE ON
Raising funds 3,968 - 3,968 3,920

Charitable activities
Glendale Gateway Trust activities 160,110 96,201 256,311 268,075
Total 164,078 96,201 260,279 271,995

NET INCOME/(EXPENDITURE) 51,427 (38,632 ) 12,795 (42,391 )
Transfers between funds 14 (45,102 ) 45,102 - -
Net movement in funds 6,325 6,470 12,795 (42,391 )

RECONCILIATION OF FUNDS
Total funds brought forward 234,650 2,624,583 2,859,233 2,901,624

TOTAL FUNDS CARRIED FORWARD 240,975 2,631,053 2,872,028 2,859,233

CONTINUING OPERATIONS
All income and expenditure has arisen from continuing activities.

GLENDALE GATEWAY TRUST (REGISTERED NUMBER: 03208721)

BALANCE SHEET
31 MARCH 2023

31/3/23 31/3/22
Unrestricted Restricted Total Total
funds funds funds funds
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 8 1,357 2,639,321 2,640,678 2,692,402

CURRENT ASSETS
Stocks 9 1,884 - 1,884 2,828
Debtors 10 12,038 - 12,038 4,992
Cash at bank and in hand 255,060 82,345 337,405 368,268
268,982 82,345 351,327 376,088

CREDITORS
Amounts falling due within one year 11 (29,364 ) (5,950 ) (35,314 ) (118,490 )

NET CURRENT ASSETS 239,618 76,395 316,013 257,598

TOTAL ASSETS LESS CURRENT
LIABILITIES

240,975

2,715,716

2,956,691

2,950,000

CREDITORS
Amounts falling due after more than one year 12 - (84,663 ) (84,663 ) (90,767 )

NET ASSETS 240,975 2,631,053 2,872,028 2,859,233
FUNDS 14
Unrestricted funds 240,975 234,650
Restricted funds 2,631,053 2,624,583
TOTAL FUNDS 2,872,028 2,859,233

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.


The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.


The trustees acknowledge their responsibilities for
(a)ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

GLENDALE GATEWAY TRUST (REGISTERED NUMBER: 03208721)

BALANCE SHEET - continued
31 MARCH 2023


These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.


The financial statements were approved by the Board of Trustees and authorised for issue on 5 September 2023 and were signed on its behalf by:





J B Bales - Trustee

GLENDALE GATEWAY TRUST

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The charity registered as a Social Housing Provider. The financial statements should therefore also be prepared in accordance with the provisions of the Statement of Recommended Practice for Social Housing Providers 2018 and with the Accounting Direction for private registered providers of social housing m England 2019.

In the year to 31 March 2020 and during the years to 31 March 2015, grants were received to assist with the development of social housing units. The Trustees have chosen to continue to prepare the financial statements using the accounting conventions applicable to charities and these grants are and were included in incoming resources within the Statement of Financial Activities. Under the accounting conventions applicable to Registered Social Housing Providers such grants should be amortised over the useful lives of the housing properties with the unamortised amount being held within creditors as deferred grant income.

Next year the accounting convention with respect to the reporting of social housing transactions will be reviewed again, including a review of the status and treatment of existing housing properties. It is estimated that if grants received on existing housing units were to be re-stated in accordance with the Registered Social Housing Providers accounting conventions, amortisation would be £20,000 per annum and the net assets at 31 March 2023 would be reduced by £851,000.

Financial reporting standard 102 - reduced disclosure exemptions
The charitable company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':

the requirements of Section 7 Statement of Cash Flows.

Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.


Freehold property - 2% on cost

GLENDALE GATEWAY TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

1. ACCOUNTING POLICIES - continued

Tangible fixed assets
Long leasehold - 2% on cost
Plant and machinery - 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
The charity is exempt from corporation tax on its charitable activities.

Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

2. INVESTMENT INCOME
31/3/23 31/3/22
£    £   
Deposit account interest 92 -

3. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

31/3/23 31/3/22
£    £   
Independent examiner's remuneration for examining accounts 1,000 1,000
Accountancy fees 2,200 1,800
Depreciation - owned assets 55,251 72,602


GLENDALE GATEWAY TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

4. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2023 nor for the year ended 31 March 2022.


Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2023 nor for the year ended 31 March 2022.


5. STAFF COSTS

The average monthly number of employees during the year was as follows:

31/3/23 31/3/22
Management 2 2
Administration 3 3
5 5

No employees received emoluments in excess of £60,000.

In addition to salaries and social security there were other employee costs of £838 (2022: £395).

The total of key management personnel remuneration is the year was £38,667.

6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
funds funds funds
£    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 4,851 20,479 25,330

Charitable activities
Glendale Gateway Trust activities 200,256 4,018 204,274
Total 205,107 24,497 229,604

EXPENDITURE ON
Raising funds 3,920 - 3,920

Charitable activities
Glendale Gateway Trust activities 155,333 112,742 268,075
Total 159,253 112,742 271,995

NET INCOME/(EXPENDITURE) 45,854 (88,245 ) (42,391 )
Transfers between funds (79,578 ) 79,578 -

GLENDALE GATEWAY TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted Restricted Total
funds funds funds
£    £    £   
Net movement in funds (33,724 ) (8,667 ) (42,391 )

RECONCILIATION OF FUNDS
Total funds brought forward 268,375 2,633,249 2,901,624

TOTAL FUNDS CARRIED FORWARD 234,651 2,624,582 2,859,233

7. SOCIAL HOUSING LETTINGS

The Glendale Gateway Trust is a registered social housing provider. During the year rents received from social residential properties was £93,084 (2022 £91,795) and costs, amounted to £41,787 (2022 £16,527).

8. TANGIBLE FIXED ASSETS
Freehold Long Plant and
property leasehold machinery Totals
£    £    £    £   
COST
At 1 April 2022 3,210,806 350,255 72,984 3,634,045
Additions - - 3,527 3,527
At 31 March 2023 3,210,806 350,255 76,511 3,637,572
DEPRECIATION
At 1 April 2022 820,436 55,995 65,212 941,643
Charge for year 47,804 5,885 1,562 55,251
At 31 March 2023 868,240 61,880 66,774 996,894
NET BOOK VALUE
At 31 March 2023 2,342,566 288,375 9,737 2,640,678
At 31 March 2022 2,390,370 294,260 7,772 2,692,402

The leasehold property is five flats above the Co-op building at the end of Wooler High Street.

The freehold property includes:
The Cheviot Centre
The Wooler Youth Hostel
Fifteen residential properties (under three of these are two spaces let as a bakery and a café).
The Mechanics Institute Building used by the Drop-in Centre.
Premises used by Hospice Care North Northumberland (also under two residential flats).


GLENDALE GATEWAY TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

8. TANGIBLE FIXED ASSETS - continued

The trustees consider that it would not be practicable to analyse accurately the carrying value of freehold property between properties let as social housing and other property. The carrying values of freehold property shown above may be different from the market values of these properties. The trustees do not consider that it would be worthwhile to obtain professional valuations in order to quantify these differences. Consideration continues to be given as to whether provisions for impairment are required.

9. STOCKS
31/3/23 31/3/22
£    £   
Stocks 1,884 2,828

10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/23 31/3/22
£    £   
Other debtors 3,652 2,171
VAT - 673
Prepayments 8,386 2,148
12,038 4,992

11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/23 31/3/22
£    £   
Bank loans and overdrafts (see note 13) 2,450 3,295
Other loans (see note 13) 3,500 75,500
Trade creditors 11,254 22,668
VAT 617 -
Other creditors 11,493 14,027
Accrued expenses 6,000 3,000
35,314 118,490


GLENDALE GATEWAY TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

12. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31/3/23 31/3/22
£    £   
Bank loans (see note 13) 46,163 47,767
Other loans (see note 13) 38,500 43,000
84,663 90,767

13. LOANS

An analysis of the maturity of loans is given below:

31/3/23 31/3/22
£    £   
Amounts falling due within one year on demand:
Unity Trust loan 2,450 3,295
Quaker Housing Trust loan 3,500 3,500
Community bonds - 72,000
5,950 78,795
Amounts falling between one and two years:
Unity Trust loan 2,900 3,227
Quaker Housing Trust loan 3,500 3,500
Community bonds - 1,000
6,400 7,727
Amounts falling due between two and five years:
Unity Trust loan 10,400 10,492
Quaker Housing Trust loan 10,500 10,500
20,900 20,992
Amounts falling due in more than five years:

Repayable by instalments:
Unity Trust loan 32,863 34,048
Quaker Housing Trust loan 24,500 28,000
57,363 62,048


GLENDALE GATEWAY TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

14. MOVEMENT IN FUNDS
Net Transfers
movement between At
At 1.4.22 in funds funds 31.3.23
£    £    £    £   
Unrestricted funds
General fund 129,650 51,427 30,898 211,975
Designated Housing Maint Fund 58,000 - (44,000 ) 14,000
Designated Comm Property Maint Fund 2,000 - (2,000 ) -
Designated Cheviot Centre Maint Fund 20,000 - (20,000 ) -
Designated Youth Hostel Maint Fund 25,000 - (10,000 ) 15,000
234,650 51,427 (45,102 ) 240,975
Restricted funds
Cheviot Centre 314,021 (6,716 ) 1,128 308,433
Cheviot Centre - Foyer 17,946 (344 ) - 17,602
Cheviot Centre - Library Extension 35,593 (712 ) - 34,881
Cheviot Centre - Sensory Garden 4,510 (108 ) - 4,402
Cheviot Centre - Library Fitting Out 45,258 (905 ) - 44,353
Cheviot Centre - Pre-developement Costs 11,936 (239 ) - 11,697
Cheviot Centre Performance Room 32,295 (646 ) - 31,649
Cheviot Centre - Pods and Offices 149,354 (2,986 ) - 146,368
Remote Learning Hub 4,404 (468 ) (1,269 ) 2,667
Mechanics Institute 155 (2 ) - 153
Town Centre Regeneration 262,384 (5,248 ) - 257,136
Youth Hostel 284,953 (6,066 ) - 278,887
31 High Street 347,265 (6,943 ) - 340,322
Old Library 163,449 (3,270 ) - 160,179
12a Church Street 34,009 (680 ) - 33,329
Roddam Dene House 349,752 (7,529 ) 26,706 368,929
Communal Garden at Roddem Dene House 1,871 (37 ) - 1,834
Former Barclays Bank 318,834 (6,287 ) (4,422 ) 308,125
Wheatsheaf 197,698 (5,885 ) 5,949 197,762
Robson Patterson Ancrum Endowment Cap 26,706 (1,068 ) - 25,638
Robson Patterson Ancrum Endowment Rev 1,068 - (1,068 ) -
Glendale Festival 8,952 (1,998 ) - 6,954
Hugonin Arts 842 (842 ) - -
Natural Burial - 1,003 - 1,003
Spring Clean in Wooler 113 - (113 ) -
Twin Towns Project 861 (861 ) - -
Glendale Festival Farmers Markets 5,195 1,227 199 6,621
Window Replacement Cheviot Centre 75 - (75 ) -
E-Learning Room 4,017 (4,017 ) - -
Food Bank 2,250 2,012 11,069 15,331
Remote Access Room - Attend anywhere 1,093 - (1,093 ) -
Reconnecting the Wooler Water (1,296 ) 1,661 - 365
Feasibility Study - Old Barclays Bank (980 ) 980 - -
Garden Activities with Children - 1,021 - 1,021
Marjorie Stephenson Small Grants - (1,340 ) 7,788 6,448
Illuminated Sheep - (303 ) 303 -
Memory Lane Dementia Care - 8,979 - 8,979
Glendale Nourish & Share Shed - 3,498 - 3,498
Warm Space - 5,626 - 5,626

GLENDALE GATEWAY TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

Fuel for Shopping Trips - 524 - 524
Carham Defibrillator - 457 - 457
New Heating System - Cheviot Centre - (120 ) - (120 )
2,624,583 (38,632 ) 45,102 2,631,053
TOTAL FUNDS 2,859,233 12,795 - 2,872,028

GLENDALE GATEWAY TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

14. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 215,505 (164,078 ) 51,427

Restricted funds
Cheviot Centre - (6,716 ) (6,716 )
Cheviot Centre - Foyer - (344 ) (344 )
Cheviot Centre - Library Extension - (712 ) (712 )
Cheviot Centre - Sensory Garden - (108 ) (108 )
Cheviot Centre - Library Fitting Out - (905 ) (905 )
Cheviot Centre - Pre-developement Costs - (239 ) (239 )
Cheviot Centre Performance Room - (646 ) (646 )
Cheviot Centre - Pods and Offices - (2,986 ) (2,986 )
Remote Learning Hub - (468 ) (468 )
Mechanics Institute - (2 ) (2 )
Town Centre Regeneration - (5,248 ) (5,248 )
Youth Hostel - (6,066 ) (6,066 )
31 High Street - (6,943 ) (6,943 )
Old Library - (3,270 ) (3,270 )
12a Church Street - (680 ) (680 )
Roddam Dene House - (7,529 ) (7,529 )
Communal Garden at Roddem Dene House - (37 ) (37 )
Former Barclays Bank - (6,287 ) (6,287 )
Wheatsheaf - (5,885 ) (5,885 )
Robson Patterson Ancrum Endowment Cap - (1,068 ) (1,068 )
Glendale Festival 2,699 (4,697 ) (1,998 )
Hugonin Arts - (842 ) (842 )
Natural Burial 1,003 - 1,003
Twin Towns Project 9 (870 ) (861 )
Glendale Festival Farmers Markets 2,759 (1,532 ) 1,227
E-Learning Room - (4,017 ) (4,017 )
Food Bank 6,140 (4,128 ) 2,012
Reconnecting the Wooler Water 3,652 (1,991 ) 1,661
Feasibility Study - Old Barclays Bank 4,723 (3,743 ) 980
Garden Activities with Children 2,400 (1,379 ) 1,021
Marjorie Stephenson Small Grants 195 (1,535 ) (1,340 )
Illuminated Sheep 464 (767 ) (303 )
B Rattcliffe - for local use 600 (600 ) -
Provide log bank 2,500 (2,500 ) -
Memory Lane Dementia Care 10,278 (1,299 ) 8,979
Glendale Nourish & Share Shed 7,594 (4,096 ) 3,498
Warm Space 11,346 (5,720 ) 5,626
Fuel for Shopping Trips 750 (226 ) 524
Carham Defibrillator 457 - 457
New Heating System - Cheviot Centre - (120 ) (120 )
57,569 (96,201 ) (38,632 )

GLENDALE GATEWAY TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

14. MOVEMENT IN FUNDS - continued
TOTAL FUNDS 273,074 (260,279 ) 12,795


GLENDALE GATEWAY TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

14. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Net Transfers
movement between At
At 1.4.21 in funds funds 31.3.22
£    £    £    £   
Unrestricted funds
General fund 168,558 45,853 (84,761 ) 129,650
Designated Housing Maint Fund 47,329 - 10,671 58,000
Designated Comm Property Maint Fund 10,460 - (8,460 ) 2,000
Designated Cheviot Centre Maint Fund 20,236 - (236 ) 20,000
Designated Youth Hostel Maint Fund 21,792 - 3,208 25,000
268,375 45,853 (79,578 ) 234,650
Restricted funds
Cheviot Centre 325,048 (11,027 ) - 314,021
Cheviot Centre - Foyer 18,437 (491 ) - 17,946
Cheviot Centre - Library Extension 36,504 (911 ) - 35,593
Cheviot Centre - Sensory Garden 4,648 (138 ) - 4,510
Cheviot Centre - Library Fitting Out 46,419 (1,161 ) - 45,258
Cheviot Centre - Pre-developement Costs 12,235 (299 ) - 11,936
Cheviot Centre Performance Room 33,084 (789 ) - 32,295
Cheviot Centre - Pods and Offices 152,990 (3,636 ) - 149,354
Remote Learning Hub 4,955 (551 ) - 4,404
Mechanics Institute 161 (6 ) - 155
Town Centre Regeneration 270,552 (8,168 ) - 262,384
Youth Hostel 293,409 (8,456 ) - 284,953
31 High Street 356,641 (9,376 ) - 347,265
Old Library 167,558 (4,109 ) - 163,449
12a Church Street 34,838 (829 ) - 34,009
Roddam Dene House 358,810 (9,058 ) - 349,752
Communal Garden at Roddem Dene House 1,914 (43 ) - 1,871
Former Barclays Bank 253,380 (6,546 ) 72,000 318,834
Wheatsheaf 198,194 (7,006 ) 6,510 197,698
Robson Patterson Ancrum Endowment Cap 26,706 - - 26,706
Robson Patterson Ancrum Endowment Rev 2,136 (2,136 ) 1,068 1,068
Glendale Festival 7,802 1,150 - 8,952
Hugonin Arts 842 - - 842
Spring Clean in Wooler 113 - - 113
Twin Towns Project 1,084 (223 ) - 861
Wooler Community Housing Scheme 920 (920 ) - -
Glendale Festival Farmers Markets 2,842 2,353 - 5,195
Window Replacement Cheviot Centre 75 - - 75
E-Learning Room 12,161 (8,144 ) - 4,017
Food Bank 6,322 (4,072 ) - 2,250
Glendale Agricultural Society 125 (125 ) - -
Remote Access Room - Attend anywhere 2,344 (1,251 ) - 1,093
Reconnecting the Wooler Water - (1,296 ) - (1,296 )
Feasibility Study - Old Barclays Bank - (980 ) - (980 )
2,633,249 (88,244 ) 79,578 2,624,583

GLENDALE GATEWAY TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

14. MOVEMENT IN FUNDS - continued
TOTAL FUNDS 2,901,624 (42,391 ) - 2,859,233

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 205,107 (159,254 ) 45,853

Restricted funds
Cheviot Centre - (11,027 ) (11,027 )
Cheviot Centre - Foyer - (491 ) (491 )
Cheviot Centre - Library Extension - (911 ) (911 )
Cheviot Centre - Sensory Garden - (138 ) (138 )
Cheviot Centre - Library Fitting Out - (1,161 ) (1,161 )
Cheviot Centre - Pre-developement Costs - (299 ) (299 )
Cheviot Centre Performance Room - (789 ) (789 )
Cheviot Centre - Pods and Offices 1 (3,637 ) (3,636 )
Remote Learning Hub - (551 ) (551 )
Mechanics Institute - (6 ) (6 )
Town Centre Regeneration - (8,168 ) (8,168 )
Youth Hostel - (8,456 ) (8,456 )
31 High Street - (9,376 ) (9,376 )
Old Library - (4,109 ) (4,109 )
12a Church Street - (829 ) (829 )
Roddam Dene House - (9,058 ) (9,058 )
Communal Garden at Roddem Dene House - (43 ) (43 )
Former Barclays Bank - (6,546 ) (6,546 )
Wheatsheaf - (7,006 ) (7,006 )
Robson Patterson Ancrum Endowment Rev - (2,136 ) (2,136 )
Glendale Festival 2,637 (1,487 ) 1,150
Twin Towns Project (1 ) (222 ) (223 )
Wooler Community Housing Scheme - (920 ) (920 )
Glendale Festival Farmers Markets 3,096 (743 ) 2,353
E-Learning Room 15,000 (23,144 ) (8,144 )
Food Bank 1,892 (5,964 ) (4,072 )
Glendale Agricultural Society - (125 ) (125 )
Remote Access Room - Attend anywhere - (1,251 ) (1,251 )
Reconnecting the Wooler Water 1,872 (3,168 ) (1,296 )
Feasibility Study - Old Barclays Bank - (980 ) (980 )
24,497 (112,741 ) (88,244 )
TOTAL FUNDS 229,604 (271,995 ) (42,391 )


GLENDALE GATEWAY TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

14. MOVEMENT IN FUNDS - continued

Transfers between funds

The transfers between restricted and unrestricted funds during the year represent, where increased, the reclassification of grant receipts in earlier years and shortfalls in funds met by the charity from unrestricted funds. Where reduced, these transfers represent costs on restricted projects that had been met by the general funds of the charity.

15. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2023.