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COMPANY REGISTRATION NUMBER: 06054331
CHARITY REGISTRATION NUMBER: 1120120
Upper Teesdale Agricultural Support Services Limited
Unaudited Financial Statements
For the Year Ending
31 December 2024
Upper Teesdale Agricultural Support Services Limited
Financial Statements
Year Ended 31 December 2024
Page
Trustees' Annual Report (Incorporating the Director's Report)
1
Independent Examiner's Report to the Trustees
4
Statement of Financial Activities (Including Income and Expenditure Account)
6
Statement of Financial Position
7
Statement of Cash Flows
8
Notes to the Financial Statements
9
Upper Teesdale Agricultural Support Services Limited
Trustees' Annual Report (Incorporating the Director's Report)
Year Ended 31 December 2024
The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the company for the year ended 31 December 2024 .
Objectives and Activities
The objects of the charity are to promote the benefit of the inhabitants of the community of the rural area of Upper Teesdale and the neighbourhood thereof through the advancement of education and the provision of facilities in the interest of social welfare for recreation and other leisure-time occupation with the object of improving the conditions of life of the said inhabitants.
Activities include the provision of advice and education, support and mentoring to the community in the area of operation including the provision of a drop-in facility for young people and encouraging and supporting outside organisations and outreach working.
Achievements and Performance
The charity's achievements and performance during the year are described in the annual report.
Financial Review
Income for the year totalled £810,969 (2023 - £395,275) and expenditure totalled £558,661 (2023 - £399,493) giving a surplus of £252,308 (2023 - deficit of £4,218). The value of investments fell by £1,736 (2023 - increased by £72) giving an overall surplus of £250,572 (2023 - deficit of £4,146).
During 2024 reserves increased by £31,593 to £240,896 and there is a further £133,204 held in designated funds to be spent as the trustees see fit. Restricted funds increased by £81,185 to £187,967 and fixed assets increased by £42,405 to £86,085.
The trustees have reviewed the charity's need for reserves in line with guidance issued by the Charity Commission and it is the policy of the trustees to hold free reserves for between six and twelve months normal activity excluding depreciation and specific project costs(between £230,000 and £460,000) and additional reserves, as agreed on an annual basis, to meet the costs of any additional project work or to safeguard the charity's service commitment in the event of delays or receipts of grants or or general liabilities. The trustees believe that the reserves should be at least at this level to ensure that the charity can run efficiently and meet the needs of the beneficiaries.
At 31st December 2024 free reserves were £240,896 excluding designated funds and £274,100 including designated funds which is in accordance with the stated policy.
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.
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
Public Benefit
Our main activities and who we help are described elsewhere in this report. All our charitable activities are undertaken to further our charitable purposes for the public benefit. The Committee have had regard to the Charity Commission's guidance on public benefit throughout the year when deciding on the activities of the charity.
Reference and Administrative Details
Registered charity name
Upper Teesdale Agricultural Support Services Limited
Charity registration number
1120120
Company registration number
06054331
Principal office and registered
9-11 Chapel Row
office
Middleton In Teesdale
Barnard Castle
County Durham
DL12 0SN
The Trustees
Mrs L Dalton
(Retired 4 February 2024)
Mr R Matthews
Mr C Stephenson
Mrs L A Simpson
Mr M McGarry
Prof S E Elton
Ms F Hutchinson
Mr P W Lamb
Dr S A Lumb
Ms S Markwick
Ms C Colling
Company Secretary
Mr R Danby
Independent Examiner
Jane Ascroft FCA MA (Cantab)
Enterprise House
Harmire Enterprise Park
Barnard Castle
County Durham
DL12 8XP
Small Company Provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
The trustees' annual report was approved on 12 March 2025 and signed on behalf of the board of trustees by:
Mr R Danby
Company Secretary
Upper Teesdale Agricultural Support Services Limited
Independent Examiner's Report to the Trustees of Upper Teesdale Agricultural Support Services Limited
Year Ended 31 December 2024
I report to the trustees on my examination of the financial statements of Upper Teesdale Agricultural Support Services Limited ('the company') for the year ended 31 December 2024.
Responsibilities and Basis of Report
As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements 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 the company’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 the company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales (ICAEW), 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 financial statements do not accord with those records; or
3. the financial statements 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 financial statements 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.
Jane Ascroft FCA MA (Cantab) Independent Examiner
Enterprise House Harmire Enterprise Park Barnard Castle County Durham DL12 8XP
12 March 2025
Upper Teesdale Agricultural Support Services Limited
Statement of Financial Activities
(including income and expenditure account)
Year Ended 31 December 2024
2024
2023
Unrestricted funds
Restricted funds
Total funds
Total funds
Note
£
£
£
£
Income and endowments
Donations and legacies
5
136,255
204,939
341,194
168,257
Charitable activities
6
33,532
420,131
453,663
215,417
Investment income
7
16,112
16,112
11,601
---------
---------
---------
---------
Total income
185,899
625,070
810,969
395,275
---------
---------
---------
---------
Expenditure
Expenditure on charitable activities
8,9
186,266
372,395
558,661
399,493
---------
---------
---------
---------
Total expenditure
186,266
372,395
558,661
399,493
---------
---------
---------
---------
---------
---------
---------
---------
Net income/(expenditure)
( 367)
252,675
252,308
( 4,218)
---------
---------
---------
---------
Transfers between funds
171,490
(171,490)
Other recognised gains and losses
Investment gains/(losses)
( 1,736)
( 1,736)
72
---------
---------
---------
---------
Net movement in funds
169,387
81,185
250,572
( 4,146)
Reconciliation of funds
Total funds brought forward
290,798
106,782
397,580
401,726
---------
---------
---------
---------
Total funds carried forward
460,185
187,967
648,152
397,580
---------
---------
---------
---------
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
Upper Teesdale Agricultural Support Services Limited
Statement of Financial Position
31 December 2024
2024
2023
Note
£
£
£
Fixed Assets
Tangible fixed assets
15
67,701
23,560
Investments
16
18,384
20,120
--------
--------
86,085
43,680
Current Assets
Debtors
17
47,174
13,325
Cash at bank and in hand
565,673
351,175
---------
---------
612,847
364,500
Creditors: amounts falling due within one year
18
50,780
10,600
---------
---------
Net Current Assets
562,067
353,900
---------
---------
Total Assets Less Current Liabilities
648,152
397,580
---------
---------
Net Assets
648,152
397,580
---------
---------
Funds of the Charity
Restricted funds
187,967
106,782
Unrestricted funds
460,185
290,798
---------
---------
Total charity funds
20
648,152
397,580
---------
---------
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
These financial statements were approved by the board of trustees and authorised for issue on 12 March 2025 , and are signed on behalf of the board by:
Mr M McGarry
Trustee
Upper Teesdale Agricultural Support Services Limited
Statement of Cash Flows
Year Ended 31 December 2024
2024
2023
£
£
Cash Flows from Operating Activities
Net income/(expenditure)
252,308
(4,218)
Adjustments for:
Depreciation of tangible fixed assets
17,747
6,322
Dividends, interest and rents from investments
(1,650)
(1,571)
Other interest receivable and similar income
( 14,462)
( 10,030)
Accrued expenses
4,592
2,222
Changes in:
Trade and other debtors
( 33,849)
( 7,128)
Trade and other creditors
35,588
( 9,546)
---------
--------
Cash generated from operations
260,274
( 23,949)
Interest received
14,462
10,030
---------
--------
Net cash from/(used in) operating activities
274,736
( 13,919)
---------
--------
Cash Flows from Investing Activities
Dividends, interest and rents from investments
1,650
1,571
Purchase of tangible assets
( 61,888)
( 5,641)
---------
--------
Net cash used in investing activities
( 60,238)
( 4,070)
---------
--------
Net Increase/(Decrease) in Cash and Cash Equivalents
214,498
( 17,989)
Cash and Cash Equivalents at Beginning of Year
351,175
369,164
---------
---------
Cash and Cash Equivalents at End of Year
565,673
351,175
---------
---------
Upper Teesdale Agricultural Support Services Limited
Notes to the Financial Statements
Year Ended 31 December 2024
1. General Information
The company is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is 9-11 Chapel Row, Middleton In Teesdale, Barnard Castle, County Durham, DL12 0SN.
2. Statement of Compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Companies Act 2006.
3. Accounting Policies
Basis of Preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investments measured at fair value through income or expenditure. The financial statements are prepared in sterling, which is the functional currency of the entity. The entity is a Public Benefit Entity.
Going Concern
There are no material uncertainties about the charity’s ability to continue .
Judgements and Key Sources of Estimation Uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The trustees consider that there are no significant estimates or judgements affecting these financial statements.
Fund Accounting
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the purposes of the charity. Unrestricted funds include a revaluation reserve representing the restatement of investment assets at market values. Designated funds are unrestricted funds earmarked by the trustees for specific purposes. Restricted funds are subjected to restrictions on their expenditure imposed by the donor.
Income
All income is included in the statement of financial activities when the charity is entitled to the income, any performance related conditions attached have been met or are fully within the control of the charity, the income is considered probable and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income: Donations and legacy income is received by way of donations, legacies, grants and gifts and is included in full in the Statement of Financial Activities when receivable. Where legacies have been notified to the charity but the criteria for income recognition have not been met, the legacy is treated as a contingent asset and disclosed if material. Grants, where entitlement is not conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant. Donated services and facilities are included at the value to the charity, being the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market. Investment income is included when receivable. Income from charitable trading activity is accounted for when earned. Income from grants, where related to performance and specific deliverables, are accounted for as the charity earns the right to consideration by its performance.
Expenditure
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:
Costs of raising funds comprise the costs associated with attracting donations, grants and legacies and the costs of trading for fundraising purposes.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated between the expenditure categories of the SOFA on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly, others are apportioned on an appropriate basis.
Tangible Assets
Tangible fixed assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. The costs of minor additions or those costing below £500 are not capitalised.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Leasehold Property Improvements
-
Straight line over lease term
Office Furniture
-
15% straight line
Minibus
-
20% reducing balance
Electrical Equipment
-
25% straight line
Computer Equipment
-
Straight line over 3 years
Investments
Unlisted equity investments are initially recorded at cost, and subsequently measured at fair value. If fair value cannot be reliably measured, assets are measured at cost less impairment.
Listed investments are measured at fair value with changes in fair value being recognised in income or expenditure.
Investments in Associates
Investments in Joint Ventures
Impairment of Fixed Assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial Instruments
The charity only has financial assets and liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.
Defined Contribution Plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises.
Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
Accrued income and tax recoverable is included at the best estimate of the amounts receivable at the balance sheet date.
Cash at Bank and in Hand
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
Creditors
Creditors are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are normally recognised at their settlement amount after allowing for any trade discounts due.
Taxation
The company is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the company is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
4. Limited by Guarantee
The company is limited by guarantee. At 31st December 2024 there were 10 members each of whom had undertaken to contribute an amount not exceeding £10 in the event of a winding up.
The company is under the control of the board of directors as a body and as such is not controlled by any individual.
5. Donations and Legacies
Unrestricted Funds
Restricted Funds
Total Funds 2024
£
£
£
Donations
General donations
22,408
22,408
Friends Of UTASS
3,208
3,208
HMRC Gift aid
2,210
2,210
R H Woods Charitable Trust
850
850
Northumbrian Water
3,000
3,000
Durham Dales Enterprise CIC
5,429
5,429
Legacies
Legacies
100,000
100,000
Grants
National Lottery Community Fund
76,746
76,746
Durham Community Action
3,000
3,000
Ballinger Trust
20,000
20,000
Durham County Council
38,343
38,343
Royal Countryside Fund
22,500
22,500
Teesdale AAP
16,000
16,000
Joseph Strong Frazer Trust
2,500
2,500
The Mercers Charitable Foundation
25,000
25,000
---------
---------
---------
136,255
204,939
341,194
---------
---------
---------
Unrestricted Funds
Restricted Funds
Total Funds 2023
£
£
£
Donations
General donations
19,863
3,251
23,114
Friends Of UTASS
3,182
3,182
HMRC Gift aid
4,752
4,752
R H Woods Charitable Trust
860
860
Northumbrian Water
Durham Dales Enterprise CIC
Legacies
Legacies
Grants
National Lottery Community Fund
74,849
74,849
Durham Community Action
1,500
1,500
Ballinger Trust
20,000
20,000
Durham County Council
Royal Countryside Fund
12,500
12,500
Teesdale AAP
Joseph Strong Frazer Trust
2,500
2,500
The Mercers Charitable Foundation
25,000
25,000
--------
---------
---------
27,797
140,460
168,257
--------
---------
---------
6. Charitable Activities
Unrestricted Funds
Restricted Funds
Total Funds 2024
£
£
£
Wellbeing
64,980
64,980
King's Coronation
Crime prevention
70,879
70,879
Community resilience
84,581
84,581
Social isolation and poverty
147,313
147,313
Cree project and retired farmers' lunches
10,193
10,193
Youth work
1,567
24,707
26,274
Minibus income
3,567
3,567
Rural training programme
17,478
17,478
Business and admin support
28,398
28,398
--------
---------
---------
33,532
420,131
453,663
--------
---------
---------
Unrestricted Funds
Restricted Funds
Total Funds 2023
£
£
£
Wellbeing
17,864
17,864
King's Coronation
500
500
Crime prevention
Community resilience
63,520
63,520
Social isolation and poverty
46,746
46,746
Cree project and retired farmers' lunches
9,000
9,000
Youth work
930
36,086
37,016
Minibus income
2,856
2,856
Rural training programme
12,056
12,056
Business and admin support
25,859
25,859
--------
---------
---------
29,645
185,772
215,417
--------
---------
---------
7. Investment Income
Unrestricted Funds
Total Funds 2024
Unrestricted Funds
Total Funds 2023
£
£
£
£
Income from listed investments
1,650
1,650
1,571
1,571
Bank interest receivable
14,462
14,462
10,030
10,030
--------
--------
--------
--------
16,112
16,112
11,601
11,601
--------
--------
--------
--------
8. Expenditure on Charitable Activities by Fund Type
Unrestricted Funds
Restricted Funds
Total Funds 2024
£
£
£
Costs of Charitable Activities
186,266
372,395
558,661
---------
---------
---------
Unrestricted Funds
Restricted Funds
Total Funds 2023
£
£
£
Costs of Charitable Activities
166,113
233,380
399,493
---------
---------
---------
9. Expenditure on Charitable Activities by Activity Type
Activities undertaken directly
Total funds 2024
Total fund 2023
£
£
£
Costs of Charitable Activities
558,661
558,661
399,493
---------
---------
---------
10. Net Income/(Expenditure)
Net income/(expenditure) is stated after charging/(crediting):
2024
2023
£
£
Depreciation of tangible fixed assets
17,747
6,322
--------
-------
11. Independent Examination Fees
2024
2023
£
£
Fees payable to the independent examiner for:
Independent examination of the financial statements
1,491
1,134
Other financial services
1,222
1,222
-------
-------
2,713
2,356
-------
-------
12. Staff Costs and Emoluments
The total staff costs and employee benefits for the reporting period are analysed as follows:
2024
2023
£
£
Wages and salaries
360,191
248,266
Social security costs
18,072
10,636
Employer contributions to pension plans
12,706
11,004
---------
---------
390,969
269,906
---------
---------
The average head count of employees during the year was 22 (2023: 17 ). The average number of full-time equivalent employees during the year is analysed as follows:
2024
2023
No.
No.
Management
1
1
Administration and support
2
2
Finance
1
1
Domestic support
1
1
Project staff
3
3
Community Support staff
4
Training
1
----
----
13
8
----
----
No employee received employee benefits of more than £60,000 during the year (2023: Nil).
Key Management Personnel
Key management personnel include all persons that have authority and responsibility for planning, directing and controlling the activities of the company. The total compensation paid to key management personnel for services provided to the company was £27,146 (2023:£35,190).
13. Trustee Remuneration and Expenses
No trustees received any remuneration or expenses from the charity during the current and previous year.
14. Transfers Between Funds
During the year £171,490 was transferred from restricted to unrestricted funds. This represented contributions to staffing and overheads by projects.
15. Tangible Fixed Assets
Leasehold Property Improvements
Office Furniture
Minibus
Electrical Equipment
Computer Equipment
Total
£
£
£
£
£
£
Cost
At 1 Jan 2024
42,744
27,279
96,099
18,971
69,707
254,800
Additions
59,584
2,304
61,888
--------
--------
---------
--------
--------
---------
At 31 Dec 2024
42,744
27,279
155,683
18,971
72,011
316,688
--------
--------
---------
--------
--------
---------
Depreciation
At 1 Jan 2024
42,744
18,045
84,569
18,173
67,709
231,240
Charge for the year
1,385
14,223
266
1,873
17,747
--------
--------
---------
--------
--------
---------
At 31 Dec 2024
42,744
19,430
98,792
18,439
69,582
248,987
--------
--------
---------
--------
--------
---------
Carrying amount
At 31 Dec 2024
7,849
56,891
532
2,429
67,701
--------
--------
---------
--------
--------
---------
At 31 Dec 2023
9,234
11,530
798
1,998
23,560
--------
--------
---------
--------
--------
---------
16. Investments
Listed investments
£
Cost or valuation
At 1 January 2024
20,120
Additions
Other movements
(1,736)
--------
At 31 December 2024
18,384
--------
Impairment
At 1 January 2024 and 31 December 2024
Carrying amount
At 31 December 2024
18,384
--------
At 31 December 2023
20,120
--------
All investments shown above are held at valuation.
The investments comprise 8,000 shares in Legal & General Group plc which were donated to the charity. They are valued at current market value.
17. Debtors
2024
2023
£
£
Trade debtors
911
1,393
Gift aid recoverable
1,803
3,000
Accrued grant income
44,460
8,932
--------
--------
47,174
13,325
--------
--------
18. Creditors: amounts falling due within one year
2024
2023
£
£
Accruals and deferred income
13,009
8,417
Funds held on behalf of third parties
37,771
2,183
--------
--------
50,780
10,600
--------
--------
19. Pensions and Other Post Retirement Benefits
Defined contribution plans
The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £ 12,706 (2023: £ 11,004 ).
Upper Teesdale Agricultural Support Services Ltd (UTASS) participates in The Pensions Trust's Growth Plan Series 1, 2 and 3(the scheme). The scheme is a multi-employer scheme which provides benefits to some 1,300 non-associated participating employers. The scheme is a defined benefit scheme in the UK. It is not possible for the company to obtain sufficient information to enable it to account for the scheme as a defined benefit scheme. Therefore it accounts for the scheme as a defined contribution scheme. Accordingly, due to the nature of the Scheme, the accounting charge for the period under FRS102 represents the employer contribution payable. The scheme is subject to the funding legislation outlined in the Pensions Act 2004 which came into force on 30 December 2005. This, together with documents issued by the Pensions Regulator and Technical Actuarial Standards issued by the Financial Reporting Council, set out the framework for funding defined benefit occupational pension schemes in the UK. The scheme is classified as a 'last-man standing arrangement'. Therefore UTASS is potentially liable for other participating employers' obligations if those employers are unable to meet their share of the scheme deficit following withdrawal from the scheme. Participating employers are legally required to meet their share of the scheme deficit on an annuity purchase basis on withdrawal from the scheme. UTASS has been notified by The Pensions Trust of the estimated employer debt on withdrawal from the Scheme based on the financial position of the Scheme as at 30 September 2023. As of this date the estimated employer debt for UTASS was £9,172. A full actuarial valuation for the scheme was carried out at 30 September 2021. This valuation showed assets of £765m, liabilities of £761m and a surplus of £4m. As at the balance sheet date there was 1 pensioner member of the scheme employed by UTASS. UTASS no longer offers membership of the scheme to its employees. Employees who are not members of the Pensions Trust's Growth Plan Series 1, 2 and 3 are offered a contribution to alternative defined contribution pensions, which in some circumstances is the Pensions Trust's Growth Plan Series 4. Total pension contributions made by the employer during the year were £12,706 (2023 - £11,004). There were no pension contributions outstanding at the year end.
20. Analysis of Charitable Funds
Unrestricted funds
At 1 Jan 2024
Income
Expenditure
Transfers
Gains and losses
At 31 Dec 2024
£
£
£
£
£
£
General funds
209,303
77,213
(150,705)
105,085
240,896
Capital funds
43,680
(17,747)
61,888
(1,736)
86,085
Minibus funds
1,623
3,231
(5,285)
1,781
1,350
Young Peoples' Free Reserves
3,900
1,842
(8,173)
3,217
786
Joan Drewe legacy
22,088
(360)
148
21,876
Events reserves
994
1,812
(1,254)
1,552
Older Persons Free Reserves
776
175
(778)
173
Retired farmers lunches
3,995
(629)
3,366
Yoga donations
601
389
(133)
857
Dog poo bags
(54)
627
(758)
(185)
Training
610
(273)
337
Relief Fund donations
3,892
(800)
3,092
Legacy
100,000
100,000
---------
---------
---------
---------
-------
---------
290,798
185,899
(186,266)
171,490
(1,736)
460,185
---------
---------
---------
---------
-------
---------
At 1 Jan 2023
Income
Expenditure
Transfers
Gains and losses
At 31 Dec 2023
£
£
£
£
£
£
General funds
209,008
61,494
(147,502)
86,303
209,303
Capital funds
44,289
(6,323)
5,642
72
43,680
Minibus funds
237
4,413
(5,540)
2,513
1,623
Young Peoples' Free Reserves
1,297
1,508
(5,085)
6,180
3,900
Joan Drewe legacy
23,767
(922)
(757)
22,088
Events reserves
664
330
994
Older Persons Free Reserves
226
575
(25)
776
Retired farmers lunches
3,995
3,995
Yoga donations
296
305
601
Dog poo bags
757
(716)
(95)
(54)
Training
Relief Fund donations
3,892
3,892
Legacy
---------
--------
---------
---------
----
---------
279,488
69,043
(166,113)
108,308
72
290,798
---------
--------
---------
---------
----
---------
Restricted funds
At 1 Jan 2024
Income
Expenditure
Transfers
Gains and losses
At 31 Dec 2024
£
£
£
£
£
£
National Lottery Community Fund
18,254
76,746
(73,492)
(183)
21,325
Ballinger Trust (Youth)
DCC Neighbourhood Grant
1,111
1,111
Retired Farmers Lunches
Groundwork
CDCF Poverty Hurts
2,000
(2,000)
PCF Farm for the Future
Relief Fund donations
Poverty Hurts
Teesdale Action Partnership (Young People At the Heart)
Weardale Action Partnership
3,177
10,000
(4,858)
(474)
7,845
I Will#
Middleton Educational Trust
550
(550)
RCF Farm for the Future 24/25
29,000
(13)
(24,025)
4,962
Ballinger Trust
21,462
20,000
(20,053)
(1,409)
20,000
Wellbeing for Life Micro Grant
Theatre Trips etc
(825)
5,477
(4,674)
(22)
Land of Lead & Silver
1,690
1,690
Wellesley Trust Fund via Community Foundation
3,140
7,478
(8,186)
(1,140)
1,292
PCP Peer Support Worker
13,181
(10,893)
(96)
2,192
Joseph Strong Fraser Trust
2,500
(1,000)
(1,500)
PCP Community Resilience worker
4,503
8,124
(6,637)
(5,990)
Parish Nurse Project 24/25
26,852
(21,898)
4,954
Teesdale Action Partnership (Healthy Activities, Healthy Food)
581
(187)
(394)
DCC (Cree Sessions)
2,476
10,193
(7,309)
(2,652)
2,708
Wemmergill Estates
CDCF Connection Communities
DCC Preparing for the Future
Durham High Sheriff's Award
927
(927)
DCA Cost of Living
The Mercers Charitable Foundation
3,868
25,000
(20,859)
8,009
PCP Time Together
30,000
(7,154)
1,995
24,841
R&H Wood Charitable Trust
860
850
(860)
850
Royal Community Fund (Agricultural salaries)
7,550
22,500
(22,299)
7,751
CDCF Know Your Neighbourhood
4,059
46,185
(22,372)
(15,859)
12,013
NFU Grant
6,000
(1,374)
(1,226)
3,400
CDCF Trips & Outings
1,000
(603)
(397)
RCF Farm for the Future - 23-24
1,451
23,060
(101)
(24,410)
Parish Nurse
4,246
27,605
(28,485)
(3,366)
Mickleton Moss Committee
300
(300)
DCA Traditional Skills
3,408
(2,380)
(1,028)
PCP Pop Up Hubs
(3,217)
12,489
(1,050)
(8,222)
Safer Streets
64,370
(49,698)
(4,766)
9,906
PCF Here for You
PCP Resilience worker
24,397
(22,004)
2,606
4,999
Mintingmer
500
(285)
(215)
CDCF Welcome Space
3,000
3,000
(3,646)
(54)
2,300
Digital Durham
(270)
(270)
DCC New minibus
38,343
(38,343)
DCA Building Energy Appraisal
3,000
(3,000)
AAP New minibus
16,000
(16,000)
Defra Farmer Welfare Fund
6,888
(3,355)
(3,468)
65
NFU Grant 2024
6,509
6,509
Lived Experience
10,522
(8,263)
2,259
Point North DB Society
4,905
4,905
CDCF Poverty Hurts 2024
12,998
(4,864)
(4,464)
3,670
DCC Covid Recovery grant
Cree Plus
10,000
(1,960)
8,040
Sir James Knott/Samares
10,000
(5,086)
4,914
Stronger Together
6,399
14,127
(1,775)
(10,826)
7,925
Morrisons Foundation YP Space Improvement
6,490
(1,608)
4,882
Poverty Hurts
TAP Together project
Jubilee donations
Awards For All CAB Volunteer grant
Dog poo bags
DCC Warm Spaces grant
Sir Tom Cowie poverty grant
DCC Community Buildings
Tees Swale project
PCP Farming Futures (Young Farmers)
4,593
(27)
(1,624)
2,942
TAP Welfare reform
---------
---------
---------
---------
----
---------
106,782
625,070
(372,395)
(171,490)
187,967
---------
---------
---------
---------
----
---------
At 1 Jan 2023
Income
Expenditure
Transfers
Gains and losses
At 31 Dec 2023
£
£
£
£
£
£
National Lottery Community Fund
74,849
(56,595)
18,254
Ballinger Trust (Youth)
10,000
(10,000)
DCC Neighbourhood Grant
1,980
(869)
1,111
Retired Farmers Lunches
3,995
(3,995)
Groundwork
500
(500)
CDCF Poverty Hurts
2,000
2,000
PCF Farm for the Future
5,454
21,813
(1,212)
(26,055)
Relief Fund donations
3,892
(3,892)
Poverty Hurts
12,677
(5,391)
(7,286)
Teesdale Action Partnership (Young People At the Heart)
4,770
(4,770)
Weardale Action Partnership
8,541
(4,071)
(1,293)
3,177
I Will#
2,870
(2,870)
Middleton Educational Trust
1,000
(450)
550
RCF Farm for the Future 24/25
Ballinger Trust
15,000
20,000
(13,538)
21,462
Wellbeing for Life Micro Grant
250
(250)
Theatre Trips etc
4,328
(5,153)
(825)
Land of Lead & Silver
Wellesley Trust Fund via Community Foundation
2,246
8,056
(6,126)
(1,036)
3,140
PCP Peer Support Worker
Joseph Strong Fraser Trust
2,500
(2,500)
PCP Community Resilience worker
4,753
29,997
(26,901)
(3,346)
4,503
Parish Nurse Project 24/25
Teesdale Action Partnership (Healthy Activities, Healthy Food)
1,248
8,013
(4,885)
(4,376)
DCC (Cree Sessions)
4,336
9,150
(7,530)
(3,480)
2,476
Wemmergill Estates
134
(134)
CDCF Connection Communities
5,300
(1,151)
(4,149)
DCC Preparing for the Future
556
(412)
(144)
Durham High Sheriff's Award
1,052
(223)
98
927
DCA Cost of Living
1,500
(1,500)
The Mercers Charitable Foundation
25,000
(20,798)
(334)
3,868
PCP Time Together
R&H Wood Charitable Trust
860
860
Royal Community Fund (Agricultural salaries)
9,830
12,500
(14,780)
7,550
CDCF Know Your Neighbourhood
15,595
(8,435)
(3,101)
4,059
NFU Grant
6,443
(443)
6,000
CDCF Trips & Outings
5,000
(993)
(3,007)
1,000
RCF Farm for the Future - 23-24
4,688
(35)
(3,202)
1,451
Parish Nurse
17,864
(13,618)
4,246
Mickleton Moss Committee
800
(500)
300
DCA Traditional Skills
4,000
(485)
(107)
3,408
PCP Pop Up Hubs
(110)
(3,107)
(3,217)
Safer Streets
PCF Here for You
3,175
(3,175)
PCP Resilience worker
Mintingmer
CDCF Welcome Space
3,000
3,000
Digital Durham
500
(500)
DCC New minibus
DCA Building Energy Appraisal
AAP New minibus
Defra Farmer Welfare Fund
NFU Grant 2024
Lived Experience
Point North DB Society
CDCF Poverty Hurts 2024
DCC Covid Recovery grant
1,284
(1,284)
Cree Plus
1,810
(429)
(1,381)
Sir James Knott/Samares
Stronger Together
2,796
13,593
(229)
(9,761)
6,399
Morrisons Foundation YP Space Improvement
7,020
(530)
6,490
Poverty Hurts
2,000
(1,320)
(680)
TAP Together project
5,438
(1,136)
(4,302)
Jubilee donations
268
86
(734)
380
Awards For All CAB Volunteer grant
9,800
(5,837)
(3,963)
Dog poo bags
(95)
95
DCC Warm Spaces grant
1,000
500
(1,100)
(400)
Sir Tom Cowie poverty grant
5,000
(2,140)
(2,860)
DCC Community Buildings
500
(500)
Tees Swale project
(1,387)
1,890
(384)
(119)
PCP Farming Futures (Young Farmers)
4,954
(361)
4,593
TAP Welfare reform
9,998
(167)
(9,831)
---------
---------
---------
---------
----
---------
122,238
326,232
(233,380)
(108,308)
106,782
---------
---------
---------
---------
----
---------
The restricted funds received during 2024 are for the following purposes:
Core grants:
National Lottery Community Fund
Ballinger Trust
Royal Countryside Fund
Durham Community Action
R.H.Woods Charitable Trust
Joseph Strong Frazer Trust
Mercers Charitable Foundation
Grants towards wellbeing:
Durham Dales Parish Nurse
Lived Experience
Grants towards our youth work:
Teesdale Action Partnership - HAHF
YMCA N Tyneside Stronger Together
Sir James Knott Foundation
Grants towards support with social isolation and poverty:
TAP Community Support
Point North (CDCF) Warm Spaces grant
Point North (CDCF)Poverty Hurts
Point North (CDCF)Know Your Neighbourhood grant
DCC - CREE work
Farmer Network
PCP Time Together
PCP Pop Up Hubs
PCP Peer Support Worker
Land of Lead & Silver
Point North DB Society
Mintingmer
Grants towards community resilience:
PCP Community Resilience worker
RCF Farm for the Future
Grants towards crime prevention:
Safer Streets
NFU Mutual
Grants towards rural training:
Weardale Action Partnership
CDCF Wellesley Trust
Other grants:
Durham County Council and Teesdale AAP - New minibus
21. Analysis of Net Assets Between Funds
Unrestricted Funds
Restricted Funds
Total Funds 2024
£
£
£
Tangible fixed assets
67,701
67,701
Investments
18,384
18,384
Current Assets
424,880
187,967
612,847
Creditors less than 1 year
(50,780)
(50,780)
---------
---------
---------
Net assets
460,185
187,967
648,152
---------
---------
---------
Unrestricted Funds
Restricted Funds
Total Funds 2023
£
£
£
Tangible fixed assets
23,560
23,560
Investments
20,120
20,120
Current Assets
257,718
106,782
364,500
Creditors less than 1 year
(10,600)
(10,600)
---------
---------
---------
Net assets
290,798
106,782
397,580
---------
---------
---------
22. Analysis of Changes in Net Debt
At 1 Jan 2024
Cash flows
At 31 Dec 2024
£
£
£
Cash at bank and in hand
351,175
214,498
565,673
---------
---------
---------
23. Utass Endowment Fund
The UTASS Endowment Fund is managed independently by County Durham Community Foundation. UTASS has the use of the income from the fund but not the capital. At 31st December 2024 the fund value was £77,532 (2023 - £70,166).
24. Volunteer Time
Volunteer time to a value of £49,972 (2023 - £67,717) has not been included in income or expenditure for the year.