Waddington Street Centre Limited Charity Accounts

COMPANY REGISTRATION NUMBER: 02330506

CHARITY REGISTRATION NUMBER: 701514

Waddington Street Centre Limited

Unaudited Financial Statements

For the Year Ending

31 March 2026

Waddington Street Centre Limited

Financial Statements

Year Ended 31 March 2026

	Page

Trustees' Annual Report (Incorporating the Director's Report)	1

Independent Examiner's Report to the Trustees	6

Statement of Financial Activities (Including Income and Expenditure Account)	7

Statement of Financial Position	8

Notes to the Financial Statements	9

Waddington Street Centre Limited

Trustees' Annual Report (Incorporating the Director's Report)

Year Ended 31 March 2026

The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 March 2026 .

Our Formal Charity Objectives, Values and Activities.

Our objectives, as set out in the company's memorandum of association, are;

I. Establishing and promoting any charitable purpose in order to support people with mental health needs

II. This will be undertaken primarily through the provision and management of a resource centre and support for independent living

III. The charity's beneficiaries are principally people living in County Durham

Our values embrace:

A person-centred approach. Everyone is important to us:those who work for us and those we support.

We are happy to learn from others and particularly from listening closely to our members.

Respecting individuality and diversity. we value difference and want everyone to be treated with personal dignity and respect, free from discriminationor harassment. We believe everyone has a positive contribution to make.

Quality driven, open, honest, transparent and accountable. We aim for high standards in all we do. We aim to be efficient and effective.

Positive about partnerships. We invest in genuine partnership working, striving to create new alliances and new opportunities to help us achieve our aims.

Public benefit

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

Achievements and Performance

See our Annual Report for details of our activities and achievements during 2025/26.

Risk and Financial Review, Reserve and Investment Policy

Risk Review

The Board of Directors has conducted an annual review of the major risks to which the charity is exposed, and systems have been established to mitigate those risks. The current risk management strategy and risk register were agreed by the Board at their meeting on 24th August 2026.

The Board review risks and management strategy at least annually and has put action plans are in place to manage its key risks.

Financial Review

The financial results for the charity are detailed in the annexed Statement of Financial Activities and Balance Sheet, together with the related notes.

In summary, WSC made an overall deficit of £20,210 during 2025 - 2026 (compared to a deficit of £58,420 during 2024 - 2025).

The reduced deficit of £38k was in the main due to the reduction in staff costs stemming from the restructure undertaken in the previous financial year.

The organisational effects, both in terms of finance and operation, of this restructure have been and will continue to be monitored and reviewed by the Board.

Reserve Policy

Waddington Street Centre provides support to people with significant mental health issues.

Hence, many of its members are vulnerable, and are very reliant upon our services.

Therefore, we are very mindful to ensure we can support them for a period of time so that there is opportunity to try to ensure that the future support required by each individual member is in place before they are discharged from our support services.

It is important that the Charity has sufficient reserves to ensure any changes are affected over a period of time commensurate with the needs of the service users.

For these reasons and bearing in mind the comments made in the Financial Review above, the board has established a Reserve Policy whereby free reserves (unrestricted current assets less unrestricted current liabilities) should ideally be at least equal to unrestricted expenditure during the past 6 months.

The Board has also decided that the following sums should be held in reserve against future key items of expenditure.

		2026
		£
	Building maintenance and upkeep	20,000
	(Year 5) Minibus replacement - £10kpa x 6 yrs. (£60k)	50,000
	Technology infrastructure incl. IT renewal	15,000
	Development and Personnel costs	34,000
		---------
	Designated funds	119,000
		---------

From the 2025 - 2026 accounts Free Reserves stand at £235,218 and unrestricted expenditure during the past 12 months was £237,776. With £119k designated by the board from Reserves the Centre has £116,218 available, equating to circa 6 months running costs.

The Board is currently meeting the requirements of its Reserve Policy.

Investment Policy

Although no investments are currently held, the charity has the power to make any investment which the board sees fit.

Structure, Governance and Management

The organisation is a charitable company limited by guarantee, incorporated on 21st December 1988 and registered as a Charity on 16 May 1989.

The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association.

Waddington Street Centre (WSC) is governed by a Board of Directors/Trustees which is responsible for managing the business of the Company. The Board meets approximately every six weeks and receives regular reports from the Centre's Management team, the Treasurer and WSC Members. The Board also has three sub-committees which meet when required and report to the Board. These are: the Finance Sub Committee, the Personnel (Employment) sub-committee and the Health & Safety sub-committee. Other working groups are set upby the Board as required.

WSC seeks to have a Board which combines complementary skills and experiences and which has strong member representation. Consequently, Individuals may be asked to consider serving as Directors/Trustees because they offer particular skills or experience, come from partner organisations, or are able to offer the perspective of service users (or 'members', as we call them). WSC encourages and supports members to become formally involved in helping to run the Centre. We do this through focus groups and formal helping roles including: reviewing procedures, buddies and peer support groups. People with lived experience have much to share and contribute. Our Valued Views Group, made up of our members, meets before each Board meeting. Their thoughts and views are then fed into the Board. Keeping member needs and views at the forefront of decisions is important to our Trustees.

Reference and Administrative Details

Registered charity name	Waddington Street Centre Limited

Charity registration number	701514

Company registration number	02330506

Principal office and registered	3 Waddington Street
office	Durham City
	DH1 4BG

The Trustees

	J F F Robinson (Chair)
	J Lamb (Deputy Chair)	(Resigned 21 November 2025)
	J Dean (Treasurer)
	D Blazey
	J Dodson	(Resigned 24 November 2025)
	D Shipman
	L Toms
	E Backhouse
	D Rippon	(Resigned 19 May 2025)
	S Rowntree	(Appointed 16 February 2026)
	M Edwards	(Appointed 19 May 2026)
	C Green	(Appointed 29 June 2026)
	J Thompson	(Appointed 19 May 2026)

The following trustees have been appointed since the year end:

M Edwards - Appointed 19 May 2026

C Green – Appointed 29 June 2026

J Thompson - Appointed 19 May 2026

Company Secretary	D Blazey

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 13 October 2026 and signed on behalf of the board of trustees by:

J F F Robinson (Chair)

Trustee

Waddington Street Centre Limited

Independent Examiner's Report to the Trustees of Waddington Street Centre Limited

Year Ended 31 March 2026

I report to the trustees on my examination of the financial statements of Waddington Street Centre Limited ('the charity') for the year ended 31 March 2026.

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 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

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 charity 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

13 October 2026

Waddington Street Centre Limited

Statement of Financial Activities

(including income and expenditure account)

Year Ended 31 March 2026

	2026			2025
	Unrestricted funds	Restricted funds	Total funds	Total funds
Note	£	£	£	£

Income and endowments

Donations and legacies	5	54,891	–	54,891	58,645
Charitable activities	6	152,690	17,833	170,523	232,385
Other trading activities	7	8,035	–	8,035	11,092
Investment income	8	6,564	–	6,564	7,510
		---------	--------	---------	---------
Total income		222,180	17,833	240,013	309,632
		---------	--------	---------	---------

Expenditure

Expenditure on raising funds:

	Costs of other trading activities		9	4,610	–	4,610	6,370
Expenditure on charitable activities		10,11		233,166	22,447	255,613	361,682
				---------	--------	---------	---------
Total expenditure				237,776	22,447	260,223	368,052
				---------	--------	---------	---------

	---------	--------	---------	---------
Net expenditure	( 15,596)	( 4,614)	( 20,210)	( 58,420)
	---------	--------	---------	---------

Transfers between funds	187,146	(187,146)	–	–

	---------	---------	---------	---------
Net movement in funds	171,550	( 191,760)	( 20,210)	( 58,420)

Reconciliation of funds

Total funds brought forward	251,672	194,040	445,712	504,132
	---------	---------	---------	---------
Total funds carried forward	423,222	2,280	425,502	445,712
	---------	---------	---------	---------

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

Waddington Street Centre Limited

Statement of Financial Position

31 March 2026

	2026	2025
Note	£	£

Fixed Assets

Tangible fixed assets	17	188,004	198,646

Current Assets

Debtors	18	18,091	19,157
Cash at bank and in hand		238,221	233,434
		---------	---------
		256,312	252,591

Creditors: amounts falling due within one year	19	18,814	5,525
		---------	---------
Net Current Assets		237,498	247,066
		---------	---------
Total Assets Less Current Liabilities		425,502	445,712
		---------	---------
Net Assets		425,502	445,712
		---------	---------

Funds of the Charity

Restricted funds		2,280	194,040
Unrestricted funds		423,222	251,672
		---------	---------
Total charity funds	21	425,502	445,712
		---------	---------

For the year ending 31 March 2026 the charity 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 13 October 2026 , and are signed on behalf of the board by:

J F F Robinson (Chair)

Trustee

Waddington Street Centre Limited

Notes to the Financial Statements

Year Ended 31 March 2026

1. General Information

The charity 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 3 Waddington Street, Durham City, DH1 4BG.

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 investment properties measured at fair value through income or expenditure.

The financial statements are prepared in sterling, which is the functional currency of the 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 to further any of the charity's purposes. Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.

Income

All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income: - income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. - legacy income is recognised when receipt is probable and entitlement is established. - income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. - income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.

Expenditure

Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates: - expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods. - expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities. - 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 to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.

Tangible Assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

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:

Freehold property	-	2% straight line
Property improvements	-	25% straight line
Plant and equipment	-	20% straight line
Fixtures and fittings	-	35% straight line
Computer equipment	-	33% straight line

	Minibus	-	25% straight line

Impairment of Fixed Assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

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 March 2026 there were 7 members each of whom had undertaken to contribute an amount not exceeding £1 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	Total Funds 2026	Unrestricted Funds	Total Funds 2025
£	£	£	£

Donations

	Donations	37,791	37,791	23,645	23,645

Grants

Durham City Freeman	1,000	1,000	1,000	1,000
Shakespeare Temperance Trust	–	–	1,000	1,000
Sir James Knott Trust	13,000	13,000	13,000	13,000
Garfield Weston Foundation	–	–	20,000	20,000
Rothley Trust	1,100	1,100	–	–
Henry Smith	2,000	2,000	–	–
	--------	--------	--------	--------
	54,891	54,891	58,645	58,645
	--------	--------	--------	--------

6. Charitable Activities

	Unrestricted Funds	Restricted Funds	Total Funds 2026
	£	£	£
DCC Alliance funding	137,224	–	137,224
DCC Public Health - Cree Projects	–	6,000	6,000
Believe Housing - Valued Volunteers fund	–	–	–
DCC Engagement Officer Funding	–	–	–
Believe Housing - Resilience and Wellbeing fund	–	3,333	3,333
VONNE North East Strategy Engagement	–	–	–
Point North Support Worker Funding	–	–	–
Happiness Hub/PCP	–	7,500	7,500
Room hire	7,946	–	7,946
Other income from charitable activities	7,520	1,000	8,520
	---------	--------	---------
	152,690	17,833	170,523
	---------	--------	---------

	Unrestricted Funds	Restricted Funds	Total Funds 2025
	£	£	£
DCC Alliance funding	174,237	–	174,237
DCC Public Health - Cree Projects	–	6,000	6,000
Believe Housing - Valued Volunteers fund	–	1,780	1,780
DCC Engagement Officer Funding	–	17,914	17,914
Believe Housing - Resilience and Wellbeing fund	–	6,667	6,667
VONNE North East Strategy Engagement	–	2,875	2,875
Point North Support Worker Funding	–	5,500	5,500
Happiness Hub/PCP	–	–	–
Room hire	7,098	–	7,098
Other income from charitable activities	5,619	4,695	10,314
	---------	--------	---------
	186,954	45,431	232,385
	---------	--------	---------

7. Other Trading Activities

	Unrestricted Funds	Total Funds 2026	Unrestricted Funds	Total Funds 2025
	£	£	£	£
Tuck shop	8,035	8,035	11,092	11,092
	-------	-------	--------	--------

8. Investment Income

	Unrestricted Funds	Total Funds 2026	Unrestricted Funds	Total Funds 2025
	£	£	£	£
Bank interest receivable	6,564	6,564	7,510	7,510
	-------	-------	-------	-------

9. Costs of Other Trading Activities

	Unrestricted Funds	Total Funds 2026	Unrestricted Funds	Total Funds 2025
	£	£	£	£
Cost of fundraising activities	4,610	4,610	6,370	6,370
	-------	-------	-------	-------

10. Expenditure on Charitable Activities by Fund Type

	Unrestricted Funds	Restricted Funds	Total Funds 2026
	£	£	£
Waddington Street Resource Centre	230,958	22,447	253,405
Support costs	2,208	–	2,208
	---------	--------	---------
	233,166	22,447	255,613
	---------	--------	---------

	Unrestricted Funds	Restricted Funds	Total Funds 2025
	£	£	£
Waddington Street Resource Centre	301,183	58,219	359,402
Support costs	2,280	–	2,280
	---------	--------	---------
	303,463	58,219	361,682
	---------	--------	---------

11. Expenditure on Charitable Activities by Activity Type

	Activities undertaken directly	Support costs	Total funds 2026	Total fund 2025
	£	£	£	£
Waddington Street Resource Centre	253,405	–	253,405	359,402
Governance costs	–	2,208	2,208	2,280
	---------	-------	---------	---------
	253,405	2,208	255,613	361,682
	---------	-------	---------	---------

12. Net Expenditure

Net expenditure is stated after charging/(crediting):

	2026	2025
	£	£
Depreciation of tangible fixed assets	17,540	18,786
	--------	--------

13. Independent Examination Fees

	2026	2025
	£	£

Fees payable to the independent examiner for:

Independent examination of the financial statements	2,208	2,280
	-------	-------

14. Staff Costs

The total staff costs and employee benefits for the reporting period are analysed as follows:

	2026	2025
	£	£
Wages and salaries	163,802	241,803
Social security costs	7,895	12,231
Employer contributions to pension plans	6,732	8,882
	---------	---------
	178,429	262,916
	---------	---------

The average head count of employees during the year was 7 (2025: 9 ). The average number of full-time equivalent employees during the year is analysed as follows:

	2026	2025
	No.	No.
Charitable activities	3	5
Office	–	1
Management	2	2
	----	----
	5	8
	----	----

No employee received employee benefits of more than £60,000 during the year (2025: Nil).

15. Trustee Remuneration and Expenses

No trustees received any remuneration or expenses from the charity during the current and previous year.

16. Transfers Between Funds

During the year £187,146 was transferred from restricted to unrestricted funds. This comprised:

		2026
		£
	Capital fund	184,469
	Room hire paid by projects	8,300
	Deficit on Saturday project	(6,399)
	Other transfers	776
		---------
		187,146
		---------

17. Tangible Fixed Assets

	Freehold property	Property improvements	Plant and equipment	Fixtures, fittings and equipment	Minibus	Total
	£	£	£	£	£	£
Cost
At 1 Apr 2025	434,402	31,862	27,292	25,006	29,995	548,557
Additions	–	–	486	6,412	–	6,898
Disposals	–	–	–	( 3,465)	–	( 3,465)
	---------	--------	--------	--------	--------	---------
At 31 Mar 2026	434,402	31,862	27,778	27,953	29,995	551,990
	---------	--------	--------	--------	--------	---------
Depreciation
At 1 Apr 2025	246,572	31,862	23,253	23,852	24,372	349,911
Charge for the year	8,688	–	1,371	1,858	5,623	17,540
Disposals	–	–	–	( 3,465)	–	( 3,465)
	---------	--------	--------	--------	--------	---------
At 31 Mar 2026	255,260	31,862	24,624	22,245	29,995	363,986
	---------	--------	--------	--------	--------	---------
Carrying amount
At 31 Mar 2026	179,142	–	3,154	5,708	–	188,004
	---------	--------	--------	--------	--------	---------
At 31 Mar 2025	187,830	–	4,039	1,154	5,623	198,646
	---------	--------	--------	--------	--------	---------

18. Debtors

	2026	2025
	£	£
Trade debtors	11,566	11,795
Prepayments and accrued income	6,525	6,245
Other debtors	–	1,117
	--------	--------
	18,091	19,157
	--------	--------

19. Creditors: amounts falling due within one year

	2026	2025
	£	£
Trade creditors	2,396	2,919
Accruals and deferred income	2,459	2,606
Deferred income	12,559	–
Other creditors	1,400	–
	--------	-------
	18,814	5,525
	--------	-------

20. 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 £ 6,732 (2025: £ 8,882 ).

21. Analysis of Charitable Funds

Unrestricted funds

	At 1 April 2025	Income	Expenditure	Transfers	At 31 March 2026
	£	£	£	£	£
Waddington Street Centre	128,441	222,180	(220,237)	(22,998)	107,386
Durham Samaritans Society (Out of Hours)	15,231	–	–	(6,399)	8,832
Minibus Replacement Fund	40,000	–	–	10,000	50,000
Building capital fund	–	–	(8,688)	187,830	179,142
Other fixed assets	–	–	(8,851)	17,713	8,862
Building Maintenance Fund	20,000	–	–	–	20,000
Development and Personnel Costs	33,000	–	–	1,000	34,000
IT Infrastructure	15,000	–	–	–	15,000
	---------	---------	---------	---------	---------
	251,672	222,180	(237,776)	187,146	423,222
	---------	---------	---------	---------	---------

	At 1 April 2024	Income	Expenditure	Transfers	At 31 March 2025
	£	£	£	£	£
Waddington Street Centre	157,649	264,201	(278,409)	(15,000)	128,441
Durham Samaritans Society (Out of Hours)	16,655	–	(1,424)	–	15,231
Minibus Replacement Fund	30,000	–	–	10,000	40,000
Building capital fund	–	–	–	–	–
Other fixed assets	–	–	–	–	–
Building Maintenance Fund	20,000	–	–	–	20,000
Development and Personnel Costs	63,000	–	(30,000)	–	33,000
IT Infrastructure	10,000	–	–	5,000	15,000
	---------	---------	---------	--------	---------
	297,304	264,201	(309,833)	–	251,672
	---------	---------	---------	--------	---------

The building capital fund holds the book value of the property known as the Waddington Street Centre. The value was previously held in restricted funds but as there is no restriction on the use of the property it has been moved to a new designated fund during the year.

Restricted funds

	At 1 April 2025	Income	Expenditure	Transfers	At 31 March 2026
	£	£	£	£	£
Waddington Street Centre	184,469	–	–	(184,469)	–
Cree Projects	2,866	6,000	(4,225)	(3,300)	1,341
Happiness Hubs Funding	–	–	–	–	–
Cycling UK	810	–	–	(810)	–
CDCF - Funding for Engagement Officer	–	–	–	–	–
Valued Volunteers Funding	–	–	–	–	–
Point North Recovery Worker Funding	3,945	–	(3,948)	3	–
Believe Housing Resilience & Wellbeing Support	1,887	3,333	(5,251)	31	–
Point North Opportunities for Life	63	–	(63)	–	–
DCC Engagement Support Officer	–	–	–	–	–
Henry Smiths Support Worker	–	–	–	–	–
VONNE North East Strategy Engagement	–	–	–	–	–
DCC Neighbourhood Budget	–	–	–	–	–
PCP Happiness Hub Social Saturday	–	7,500	(8,899)	1,399	–
Alliance User Engagement fund	–	1,000	(61)	–	939
	---------	--------	--------	---------	-------
	194,040	17,833	(22,447)	(187,146)	2,280
	---------	--------	--------	---------	-------

	At 1 April 2024	Income	Expenditure	Transfers	At 31 March 2025
	£	£	£	£	£
Waddington Street Centre	193,018	–	(8,549)	–	184,469
Cree Projects	5,499	6,000	(8,633)	–	2,866
Happiness Hubs Funding	2,978	–	(2,978)	–	–
Cycling UK	1,550	–	(740)	–	810
CDCF - Funding for Engagement Officer	3,251	–	(3,251)	–	–

Valued Volunteers Funding	532	1,780	(2,312)	–	–
Point North Recovery Worker Funding	–	5,500	(1,555)	–	3,945
Believe Housing Resilience & Wellbeing Support	–	6,667	(4,780)	–	1,887
Point North Opportunities for Life	–	995	(932)	–	63
DCC Engagement Support Officer	–	17,914	(17,914)	–	–
Henry Smiths Support Worker	–	1,700	(1,700)	–	–
VONNE North East Strategy Engagement	–	2,875	(2,875)	–	–
DCC Neighbourhood Budget	–	2,000	(2,000)	–	–
PCP Happiness Hub Social Saturday	–	–	–	–	–
Alliance User Engagement fund	–	–	–	–	–
	---------	--------	--------	----	---------
	206,828	45,431	(58,219)	–	194,040
	---------	--------	--------	----	---------

22. Analysis of Net Assets Between Funds

	Unrestricted Funds	Restricted Funds	Total Funds 2026
	£	£	£
Tangible fixed assets	188,004	–	188,004
Current assets	254,032	2,280	256,312
Creditors less than 1 year	(18,814)	–	(18,814)
	---------	-------	---------
Net assets	423,222	2,280	425,502
	---------	-------	---------

	Unrestricted Funds	Restricted Funds	Total Funds 2025
	£	£	£
Tangible fixed assets	14,177	184,469	198,646
Current assets	243,020	9,571	252,591
Creditors less than 1 year	(5,525)	–	(5,525)
	---------	---------	---------
Net assets	251,672	194,040	445,712
	---------	---------	---------