OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

← Amble Development Trust

2025-03-31-accounts

Charity registration number 1051657 (England and Wales) Company registration number 02990425

|

|

|

AMBLE DEVELOPMENT TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

.

i | | i i

AMBLE DEVELOPMENT TRUST

LEGAL AND ADMINISTRATIVE INFORMATION

|

Trustees RAHenderson
PH Rigby
DGS Nickalls
L Morelli
CArmstrong
WArmstrong
J Carruthers
MLBond
J Hoskin
Secretary JAston
Charity number (England and Wales) 1051657
Company number 02990425
Principal address Fourways 2
Dilston TerraceAmble
Morpeth
Northumberland
NE65 ODT
Independent examiner Robson LaidlerAccountants Limited
Fernwood House
Fernwood Road
Jesmond
Newcastle upon Tyne
Tyne and Wear
England
NE21TJ

|

|

:

| | i

“ AMBLE DEVELOPMENT TRUST

CONTENTS

Page
Trustees’ report 1-5
independentexaminer's report 6
Statementoffinancial activities 7-8
Balance sheet i]
Notestothefinancialstatements 10-19

|

.

TRUSTEES' REPORT (INCLUDING DIRECTORS’ REPORT) | FOR THE YEAR ENDED 31 MARCH 2025 | The trustees trustees present their annual their annual annual report and financial statements for the year and financial statements for the year financial statements for the year statements for the year for the year the year year ended 31 | The financial statements have been prepared in accordance with the : financial statements and comply with the charity's governing document, the : and Reporting by Charities: Statement of Recommended of Recommended Recommended Practice applicable to charities

| | | | | | : | / ' i | | | i | / : | | | : 7 | | a u |

AMBLE DEVELOPMENT TRUST

The trustees trustees present their annual their annual annual report and financial statements for the year and financial statements for the year financial statements for the year statements for the year for the year the year year ended 31 March 2025.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Companies Act.2006 and “Accounting and Reporting by Charities: Statement of Recommended of Recommended 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),

Chairman's report Once again as chairman may | take this opportunity to welcome you to the Amble Development Trust Annual Report.

As | wrote last year the Trust celebrated 30 years of regeneration, by hosting a photographic display of work carried out over the years. Many showing not just the projects but former trustees and staff as well, which brought additional nostalgia as some are no longer with us. And we obviously had to have cake, made and decorated by the talented hands of Colyn at the Farm Bakery. in some ways it has been a strange year, while staff have worked hard to bring projects forward, most have been at the mercy of outside agencies that have stalled or taken longer than anticipated, for example the Playzone at the welfare. But more of that later.

Objectives and activities

The objectives of the trust are to regenerate Amble by taking a lead in most aspects of economic, social and community regeneration in partnership with other agencies and to provide the conditions and infrastructure for the restoration of community self confidence, self esteem and economic prosperity.

Public benefit The Trust continues to provide a range of services for public benefit in the form of affordable housing, employment counselling, media and IT projects as well as operating sports and leisure facilities. In addition through the operation of the Lobster Hatchery and rearing ofjuvenile lobsters we are ensuring a sustainable fishery that benefits the wider community in the longer term.

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

Achievements and performance

Regeneration & Physical Development:

At the welfare we have planted the fruit trees to begin creating a community orchard. Other plans for the land are to add seating and re-establish the rose garden. The seats have been provided by Warkworth Harbour Commissioners who received funding for Chatty Seats — seats where anyone is welcome to sit and while away some time. The idea is to bring a communal space for all to the welfare — for young and old, lonely, active or just sharing and caring. The space is for everyone.

While the physical aspect of Bord Waalk is complete we are looking at using some of the promotion budget to create drone footage that will follow the trail while capturing the towns assets to use as town promotion. Matthew Connolly is working with JCSC to try to get the students involved to make this a community activity that will be available to businesses and organisations alike. The work on Amble Neighbourhood Plan (NDP) progresses with sterling concentrated input from the steering group. While this is a Town Council initiative the work is carried out by volunteers.

| has become more apparent that where there is a proven record of delivery there is an opportunity to fund ongoing | regeneration works, so everyone benefits. It's hard to believe that the Harbour Village will celebrate its 10° birthday this year. Bart as the Harbour Village | Coordinator is organising a bit of a do! The Seafood Centre has been reorganised with the hatchery closer to the entrance door and sales counter moved across the towards the window, to make the layout more user friendly. Given the value the hatchery has as a conservation project and visitor attraction we remain fully supportive of the initiative. | The Welfare park: At long last we were able to announce that the Playzone works were to commence. This has been a long and at | times arduous process. Never having worked with the Football Foundation before we were not prepared for the | length of time taken to respond to queries relating to various conditions. We have questioned the costs which we : tried to reduce, but to no avail. When working from an agreed framework you have to accept how astronomical | | someFoundationcostsandcanNCCbe. forWetheiracknowledgematched fundingthat thethroughTrust isn’tS106payingbut feelforthatthismoreworkrealisticand arecostsgratefulcould haveto thesupportedFootball additional projects.

' AMBLE DEVELOPMENT TRUST TRUSTEES’ REPORT (INCLUDING DIRECTORS‘ REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

: As you are aware the town of Amble like many others in Northumberland has had more than its share of housing development, and most of it not necessarily what the community actually needs. To this end the NDP Group applied for and were successful in securing funds to have a Housing Needs Assessment carried out. This study looks at all employment, wages, current housing stock, developments in planning and housing lists to determine what housing is required by the community. This will take a couple of months to carry out, but in the meantime the group are looking at green spaces, development sites and non-designated heritage assets. All the work required to offer as complete a picture as possible.

We continue to take part in government funded workshops related to community housing, that are to report back on their findings. We have offered ideas for local sites that may be suitable for affordable housing but to-date we have not had any feedback.

We retain the view that affordable homes and Section 106 money should be kept in the area of development. Affordable homes could be managed by organisations similar to the Trust who have existing policies to ensure members of the local community (living or working in the town or have a close family relationship) most in need are given first option on any available property. This view isn't in line with NCC or most government policies, however it has become more apparent that where there is a proven record of delivery there is an opportunity to fund ongoing regeneration works, so everyone benefits.

| At this stage | will outline one of the conditions attached to the funding and that is that the Playzone bookings must be paid for. This is not our choice, but a condition of funding. The booking system alone will cost the Trust a thousand pounds a year to operate and additional funding is expected to be set aside for maintenance. All very costly but we are trying fo provide as varied leisure facilities as we can. As the start to the Playzone was increasingly delayed we had major concerns about this and the development of the new JCSC building coinciding as NCC and the developer has asked for access to the welfare to create a temporary | car park on what will eventually be the tennis courts at JCSC. For this to be granted we asked that car parking issues on Acklington Road were resolved by allowing the football teams to use the school car park. Simple ask, we | thought, not quite so easy to find agreement to. | have to say the new head of JCSC has been extremely | accommodatingaccess which weonceand !’mhe sureunderstood AcklingtonwhatRoadtheresidentsproblemsgreatlywere. appreciate.He immediately set a plan in place to allow the Only recently, and after asking many times we were informed that JCSC developer would not require access. over : the welfare as another route had been agreed. : We do however still require information on what works NCC would like to carry out in the welfare as it is their ‘park | and stride’ route from the car park, which will be on their existing site adjacent to the new development. Again, this 7 has been requested many times and should be available now the project has gone through detailed design to | contract stage.

At the time of writing the Playzone is progressing well, and the contractors are really good to work with. ~ and 4 bacon butty now and again is appreciated!

-2-

/

AMBLE DEVELOPMENT TRUST TRUSTEES’ REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

The Ambler:

|

The Ambler celebrated its 25!" Birthday earlier this year and publication of 150 issues. It continues to play a major. role in keeping the community informed of local news and happenings. The publication highlights newsworthy gratefulissues asto wellthe asdedicated taking onteam challengesof volunteersidentifiedwhe by work the alongside communi t y andhe editor being andagive sourceso free of l yocalof theirinformation. time in Weorder are to bring the bimonthly newspaper to your door.

Financial review

Financial support:

Financial year 2024 -2025 saw our core income mainly dependent upon our own income generation, with some additional funds gained through project management.

Rental income from office, retail and housing accommodation are our main sources of income and allow the Trust to contribute in excess of £90k into the community annually through various projects and resources.

Other financial support has come in the form of grants from the Community Foundation, NCC Councilor members small grants via Cllr Clark, Northumberland County Council, Football Foundation, Butler Ember Charity via Jeff Watson and also personal donations to The Ambler.

We offer our thanks to all funders for their continued support.

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.

Plans for future periods

On regeneration we offered options for the existing gym site at JCSC, which has facilities that will not be moved to or included in the new build. The climbing wall and dance studio provide additional options that we feel could create a leisure and sports village when combining the new, existing and welfare amenities. For us it seems to be a plan worth pursuing and an asset the town would support.

Likewise, we feel the old Edwin Street school site could provide a location for affordable housing. NCC had : Asconfirmedthe schooltheysitedon’tsits havein a plansresidentialfor theareasiteaffordable but have carriedhousing outwould copiousappearstudies to be aongoodaffordablefit. We andhavesocialalso lookedhousing.at prefab units that could be suitable for young and /or single people.

We will continue supporting the NDP steering group. We will also look at how we can work with and support the creative sector. This is a growing industry and one that appears to be capturing the attention of many in the town through Drywater Arts community based workshops and the exhibitions and Crit sessions being run at the Dovecote Centre. There is a lot more to explore and we are already in conversation with the Cultural and Regeneration Officers at Northumberland County Council to see what opportunities could present themselves in funding terms. We continue to participate in the Coastal Network which is in discussions with the government about creating a post for a Coastal Minister. As with many coastal communities we fall between rural and urban considerations. If the role was developed the minister could advocate for coastal communities with budgets to assist with projects and regeneration.

Matthew Connolly's role as chair of Amble Youth Project and links with James. Calvert Spence College present opportunities to link up to support our young people that open up new. opportunities in this sector. it’s all about working with and joining up the different organisations to create scaled opportunities rather than disparate groups competing! i's very heartening to know Amble is attracting new businesses. : Taking our experience of high street properties, we are pleased to see new businesses locating onto Queen Street.

|

|

; : Amble Development Trust is a company limited by guarantee, set up on 15 November 1994 and its governing document is its Memorandum and Articles of Association. Association. It is registered as a charity with the Charity Commission. Every member of the the charity undertakes to contribute such an amount as may be required (not exceeding exceeding £1) to the the : charity's assets if it should be wound wound up while he or she is a member, or within within one year after he or she ceased to be a member. i ;/ The trustees, who are also the directors for the purpose of company law, and who served during the year and up p to ; the date of signature of the financial statements were:

|

| : ] | (

*" AMBLE DEVELOPMENT TRUST TRUSTEES’ REPORT (INCLUDING DIRECTORS’ REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

We have recently taken part in a government backed consultation on housing and how organisations such as the Trust could fund their purchases as it becomes obvious that organisations that are based in the community and have policies that support tenancies to keep homes for the iocal workforce wherever possible (affordable is based on a percentage of local market value) with further investment in communities.

The objectives of the Trust remain to assist the town to achieve its potential to this end we will continue to explore opportunities and working partner arrangements to achieve this goal to ensure we can carry on enhancing our town for the benefit of all.

Once again, | would like to register my thanks to the Trust officers for their hard work, and fo the Management Committee, trustees, colleagues, funders, supporters, and the community for continued support, with additional thanks to the many volunteers within the community who come forward and give so generously of their time. Ambie truly knows the meaning of support, care and community spirit. Structure, governance and management 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. Amble Development Trust is a company limited by guarantee, set up on 15 November 1994 and its governing document is its Memorandum and Articles of Association. Association. It is registered as a charity with the Charity Commission. Every member of the the charity undertakes to contribute such an amount as may be required (not exceeding exceeding £1) to the the charity's assets if it should be wound wound up while he or she is a member, or within within one year after he or she ceased to be a member.

RA Henderson

PH Rigby C Weir (Resigned 18 May 2025) DG $ Nickalls L. Morelli T Clark (Resigned 18 May 2025) C Armstrong

(Resigned 18 May 2025)

W Armstrong J Carruthers ML Bond

' J Hoskin | Recruitment and appointment of new trustees : The directors of the company are also charity trustees for the purposes of charity law. Under the requirements of the | Memorandum and Articles of Association, the trustees serve for a three year period by rotation and may be re] elected for a further three year period at each annual general meeting. : None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and | guarantee to contribute £1 in the event of a winding up.

|

-4-

| |

|

| | | | | : ' ‘

AMBLE DEVELOPMENT TRUST

| TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Organisational structure | The charity is managed by the Management Committee. The number of trustees is restricted to a maximurn of fifteen, with the make-up of the representatives required to fulfil the criteria set out in the Memorandum and Articles of Association, to ensure adequate representation of all areas of the community. : Amble Development Trust profile remains largely the same with Matthew Connolly joining the Trust tear.

Anna Williams has continued to deliver The Ambler and Julie Lilburn carries out Trust administration as well as being available via email to assist with CV ‘s and job-related enquiries.

Sandy Higson AKA The Mad Jam Woman provides the preserve making expertise and continues to make Pride of Northumbria range of preserves.

Julia Aston and Matthew Connolly carry out day to day management duties, strategic/policy/oudget/business planning and asset management, as well as acting as the Trusts representatives on various committees. ADT Northumberland Ltd the Trusts trading arm employs the Lobster Hatchery staff, alongside the Harbour Village staff.

In terms of profile, we continue as members of Locality and participate within FONDT activities (Federation of Northumberland Development Trusts).

induction and training of new trustees

Most trustees are already familiar with the practical work of the charity. Additionally, new trustees are invited and encouraged to attend a series of short meetings with some of the existing trustees to familiarise themselves with the charity and the context within which it operates. These cover: ~ The obligations of board members. - The main documents which set out the operational framework for the charity. ~ Resourcing and the current financial position as set out in the latest published accounts. ~ Future plans and objectives.

The trustees' repert was approved by the Board of Trustees.

PH Rigby Trustee Date: cod oe 9S

|

| | |

: / / | 7 :

’ AMBLE DEVELOPMENT TRUST

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF AMBLE DEVELOPMENT TRUST

| report to the trustees on my examination of the financial statements of Amble Development Trust (the charity) for the year ended 31 March 2025.

Responsibilities and basis of report

As the trustees of the charity (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 Companies Act 2006 and are eligible for independent examination, | report in respect of my examination of the charHav i ngty's satisfiedfinancialmyselfstatements that thecarried financialout under statem s e cn t ions of145 the charityof the Ch ar itiese not required Act 2011. toIn becarrying auditedout under my examination Part 16 of | have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011.

Independent examiner's statement

Since the charity's gross income exceeded £250,000, the independent examiner must be a member of a body listed in section 145 of the Charities Act 2011. | confirm that | am qualified to undertake the examination because | am a member of the Assocation of Chartered Certified Accountant, which is one of the listed bodies.

| have completed my examination. | confirm that no matters have come to my attention in connection with the

| 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 financial statements to be reached.

Nicholas Cunningham FCCA

Robson Laidler Accountants Limited

Fernwood House

Fernwood Road Jesmond Newcastle upon Tyne Tyne and Wear

England

|

Dated: IES...

|

.

| | | |

| |

|

i

AMBLE DEVELOPMENT TRUST

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2025

----- Start of picture text -----
|||||||||| |---|---|---|---|---|---|---|---|---| |Current|financial year|Unrestricted|Restricted|Total|Total| |Notes|2025£|2025£|2025£|2024£| |Income|and|endowments|from:| |Donations and|legacies|3|4,855|266,695|271,550|135,226| |Other trading|activities|4|117,597|-|117,597|111,998| |Other income|2,331|-|2,331|3,230| |Total income|ee124,783|266,695|391,478|250,454| |Expenditure|on:| |Charitable|activities|5|144,744|600|445,344|262,442| |Total expenditure|144,744|600|145,344|262,442| |Net income/(expenditure) and movement|in funds|(19,961)|266,095|246,134|(11,988)| |Reconciliation|of funds:| |Fund|balances|at|1|April 2024|2,503,374|-|2,503,374|2,515,362| |Fund balances|at 31|March 2025|2,483,413|266,095|2,749,508|2,503,374|

----- End of picture text -----

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

|

| :

| |

i |

;

‘ ]

~ AMBLE DEVELOPMENT TRUST

STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2025

Priorfinancialyear Unrestricted
funds		 Restricted
funds		 Total
2024 2024 2024
Notes £ £ £
Income andendowments from:
Donationsand legacies
Othertrading activities
Otherincome		 3
4		 1,737
111,998
3,230		 433,489
-
-		 135,226
411,998
3,230
Totalincome 116,965 133,489 250,454
Expenditureon:
Charitable activities		 5 85,171
ee		 477,271
etn		 262,442
ee
Totalexpenditure 85,171 477,271 262,442
Net income/(expenditure) and movement infunds 31,794 (43,782) (11,988)
Reconciliation offunds:
Fund balances at 1 April 2023
Fundbalances at31March2024		 2,471,580
ee
2,503,374
prnmnsnsnrmamensnssnnennsnsnereneny		 43,782
enn
-
jrovermemmennamaansrenirarenvennt)		 2,515,362
nq
2,503,374
pareenienentneenacnminarsnareen’

|

-8-

| | | |

| |

|

| ; | | | | | | | | ||

BALANCE SHEET

AS AT 31 MARCH 2025

2025 2024
Fixed assets Notes £ £ £ £
Tangibleassets
Investments		 12
13		 2,423,969
2		 2,224,793
2
Current assets
Debtors
Cash atbank and in hand		 14 254,157
300,072
ce		 2,248
297,979
sneer
Creditors: amounts falling due within 15 554,229 300,227
oneyear (228,692) (21,648)
Netcurrentassets 325,537 278,579
Total assets lesscurrent liabilities 2,749,508 2,503,374
Thefunds ofthe charity
Restricted incomefunds
Unrestricted funds		 16 266,095
2,483,413		 -
2,503,374
2,749,508 2,503,374

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2025.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the yéar in question in accordance with section 476,

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

The financial st ents were approved by the trustees on le lor] 2s TrusteePH Rigby ——

Company registration number 02990425 (England and Wales)

‘ AMBLE DEVELOPMENT TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

Charity information

Ambie Development Trust is a private company limited by guarantee incorporated in England and Wales. The registered office is included on the company information page.

4.1. Accounting convention The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland"Recommended("FRSRecommended("FRS("FRS Practice102”)102”) andapplicabletheapplicablethethe Charitiestoto charitiesSORPpreparing“AccountingtheirSORPpreparing“Accountingtheirpreparing“Accountingtheir“Accountingtheirtheir andaccountsReportinginaccountsReportinginReportinginin accordancebyby Charities:withwith Statementthethe Financialofof Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The charity is a Public Benefit Entity as as defined by FRS FRS 102. The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.

| Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of | Ireland"Recommended("FRSRecommended("FRS("FRS Practice102”)102”) andapplicabletheapplicablethethe Charitiestoto charitiesSORPpreparing“AccountingtheirSORPpreparing“Accountingtheirpreparing“Accountingtheir“Accountingtheirtheir andaccountsReportinginaccountsReportinginReportinginin accordancebyby Charities:withwith Statementthethe Financialofof Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The charity is a Public Benefit Entity as as defined by FRS FRS 102. The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of : Cash Flows. : : The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. | The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

Preparation of consolidated financial statements

The financial statements contain information about Amble Development Trust as an individual company and do not contain consolidated financial information as the parent of a group. The charity is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

i At the time the time time of approving approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting accounting in preparing the financial statements. | | 4.3. Charitable funds Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable ] objectives. ' Restricted funds are subject to specific conditions by donors or grantors as to how they may be used, The | purposes and uses of the restricted funds are set out in the notes to the financiai statements. / Endowment funds are subject to specific conditions by donors that the capital must be maintained by the | charity.

|

| |

| | | | | i : i : | i ‘ | 1 | y a | i | .

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

4 Accounting policies

(Continued)

1.6 Tangible fixed assets depreciationTangible fixedandassetsany impairmentare initially losses.measured at cost and subsequently measured at cost or valuation, net of

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

----- Start of picture text -----
||||||| |---|---|---|---|---|---| |Freehold|land|and|buildings|not|provided| |Improvements|to|property|10%|straight|line| |Plant and|equipment|4%|straight|line| |Fixtures|and|fittings|25%|reducing|balance| |Computers|25%|reducing balance|

----- End of picture text -----

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.8 Impairment of fixed assets Property, plant and equipment are reviewed for impairment if events or changes in circumstances indicate that the carrying amount of such assets may not be recoverable. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared against its carrying amount. Where the estimated recoverable amount is lower, an impairment loss is recognised immediately in profit and loss,

1.9 Cash and cash equivalents Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.10 Taxation

As a charity, the company is exempt from tax on income and gains to the extent that these are applied to charitable objects. No tax charges have arisen in the charity.

1.11 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee's sérvices are received. Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.12 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.

1.13 Debtors

Trade debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid after taking account of any trade discounts due.

;

:

! ]

| 7 ‘ | a

| |

~ AMBLE DEVELOPMENT TRUST

| NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) | FOR THE YEAR ENDED 31 MARCH 2025

4 Accounting policies

(Continued)

4.14 Creditors and provisions Creditors and provisions 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 settlethe obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

2 Critical accounting estimates and judgements

in the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3 Income from donations and legacies

:

Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
2025
£		 2025
£		 2025
£		 2024
£		 2024
£		 2024
£
Donations and gifts
Grants		 1,963
2,892
ameererreerenstestanganen
4,855		 4,000
265,695
rover vesnenmmanneOtE
266,695		 2,963
268,587
reece
271,550		 4,737
-
emeeeengacemnsntentcim
1,737		 -
133,489
emememnntnnmnnannnneee
133,489		 1,737
133,489
ener
135,226
Grants
Northumberland County
Council -BordWaalk
Community Foundation
Northumberland County
Council - Welfare project		 -
807
2,085		 -
-
29,795		 ~
807
31,880		 =
-
-		 58,125
2,510
72,854		 58,125
2,510
72,854
Football Foundation - 235,900 235,900 ~ ~ ~
2,892 265,695 268,587 - 133,489 133,489

| NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) | FOR THE YEAR ENDED 31 MARCH 2025

| | | i i / 1 ' : | | | | i / : | 4

|

4 Income from other trading activities

Unrestricted Unrestricted
2025 2024
Rentsrecieved
Advertising		 108,266
9,331		 103,088
8,910
Othertrading activities 117,597 411,998
Expenditure on charitable activities
Charitable
Activities		 Charitable
Activities
2025 2024
Directcosts
Staffcosts
Depreciation andimpairment
Rates
Insurance
Lightand heat
Telephone
Printing, postageand stationery
Sundries
DirectCosts
Repairs&renewals
Legal&professionalfees
Bankcharges
Managementcharges		 67,812
6,658
2,740
8,436
20,128
1,687
10,271
3,505
2,550
13,998
4,823
256
~		 49,881
7,342
3,429
9,113
21,873
1,442
10,080
6,867
83,216
16,889
4,400
292
9,400
142,864 224,224
Grantfundingofactivities (seenote6) 600 36,323
Shareofsupportandgovernancecosts(seenote7)
Governance		 4,880 1,895
145,344 262,442
Analysis byfund
Restrictedfunds 600 177,271
145,344 262,442

§ Expenditure on charitable activities

|

|

: :

: | |

:

| ) ) | q

* AMBLE DEVELOPMENT TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 lt

----- Start of picture text -----
||||||| |---|---|---|---|---|---| |6|Grants payable|Charitable|Charitable| |Activities|Activities| |2025|2024| |£|£| |Grants|to|individuals|600|36,323| |7|Support costs|allocated to activities|2025|2024| |£|£| |Governance costs|1,880|1,895| |Analysed|between:| |Charitable|Activities|1,880|1,895| |2025|2024| |Governance|costs comprise:|£|£| |independent examiners fees|nt4,880|cc4,895| |1,880|1,895| |8|Net movement in funds|2025|2024| |£|£| |The|net movement|in funds|is stated|after charging/(crediting):| |Depreciation|of owned tangible|fixed|assets|6,659|7342|

----- End of picture text -----

9 ‘Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year. The charity paid £3,699.97 (2024: £4,400) to Nickalls Accountants Limited & Peek Practice for bookkeeping and other accounting services during the year. DGS Nickall is a director and member of these companies. No trustee or other person related to the charity had any personal interest in any other contracts or transactions entered into by the charity during the year (2024: £Nil).

| NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) | FOR THE YEAR ENDED 31 MARCH 2025

|

|

| / ' |

10° Employees

The average monthly number of employees during the year was:

|

|

2025 2024
Charitable activities
Managementand administration		 Number
3
1		 Number
2
1
Total 4 3
Employmentcosts 2025
£		 2024
£
Wagesandsalaries
Socialsecuritycosts
Otherpensioncosts		 62,952
4,233
627		 46,413
3,131
337
67,812 49,881

Amounts paid to key management personnel in the year totaled £24,350 (2024: £24,350). There were no employees whose annual remuneration was more than £60,000.

11 Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

| Freehold land Improvements Plantand Fixtures and Computers Total and buildings to property equipment fittings £ £ £ £ £ £ | Cost At 4 April 2024 2,120,026 ~ 143,302 59,817 82,650 2,405,795 : Additions - 205,835 - - - 205,835 eee | At 31 March 2025 2,120,026 205,835 443,302 59,817 82,650 2,611,630 Depreciation and impairment At 1 April 2024 - ~ 42,441 56,958 81,603 184,002 Depreciation charged in the year - - 5,682 715 262 6,659 At 31 March 2025 - - 48,123 57,673 81,865 187,661 / ee — a a es een ne i Carrying amount At 31 March 2025 2,120,026 205,835 95,179 2,144 785 2,423,969 , At 31 March 2024 2,120,026 - 100,862 2,859 4,046 2,224,793 |( : : Land known as Amble Welfare was legally transferred to the trust during the 2005/6 year from the local : authority, This land is a recreation ground for the enjoyment of the people of Amble. This asset has not been | valued in the accounts, given the difficulties in establishing a market value, as is permitted by the SORP. In / addition, the Town Square was also transferred to the Trust in 2000. Again, due to the difficulty in establishing ; a market value, no value has been given to this asset in the accounts. ( | 13 Fixed asset investments / Other | investments

i | : /

| | |

* AMBLE DEVELOPMENT TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

12 Tangible fixed assets FreeholdlandImprovements Plantand Fixtures andand Computers Computers Total
and buildings
to property		 equipment fittings
£
£		 £ £ £ £
Cost
At 4 April 20242024
Additions		 2,120,026
~
-
205,835		 143,302
-		 59,817
-		 82,650
-		 2,405,795
205,835
At 31 March 202531 March 2025March 2025
Depreciation and		 2,120,026
205,835
443,302
59,817
82,650
2,611,630
eee
impairment
At 1 April 20242024		 -
~		 42,441 56,958 81,603 184,002
Depreciation charged in the
year		 -
-		 5,682 715 262 6,659
At 3131 March 2025 -
-
ee —		 48,123
a		 57,673
a		 es 81,865
een		 187,661
ne
Carrying amount
At 3131 March 2025		 2,120,026
205,835		 95,179 2,144 785 2,423,969
At 3131 March 2024 2,120,026
-		 100,862 2,859 4,046 2,224,793
Land known as Amble Welfare was legally transferred to the trust during the 2005/6 year from the local
authority, This land is aa recreation ground for thethe enjoyment of thethe people of Amble.Amble. This asset has not beenbeen
valued in the accounts, given the difficulties in establishing a market value, as is permitted by the SORP. In
addition, the TownTown Square waswas also transferredtransferred to the Trustthe Trust in 2000. Again, duedue to thethe difficulty in establishing
a market value,market value,value, no value has been givenvalue has been givenhas been givenbeen givengiven to this assetthis assetasset in the accounts.the accounts.accounts.
13 Fixed asset investments
Other
investments
Costorvaluation
At 1 April2024&34 March2025		 2025 2
Carrying amount
At 31 March2025		 2
At31 March 2024 2
Otherinvestmentscomprise: Notes 2025
£		 2024
£
investmentsinsubsidiaries 2 2

/

-16 -

:

|

|

: | / | | : | ' i | : a

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

14 Debtors
Amountsfallingdue within oneyear: 2025
£		 2024
£
Tradedebtors
Other debtors
Prepaymentsandaccrued income		 148,046
-
106,114		 367
116
4,765
254,157 2,248
15 Creditors: amounts fallingdue withinone year
2025 2024
Othertaxationandsocialsecurity
Trade creditors
Amountsowedtofellowgroupundertakings
Accrualsanddeferredincome		 8,259
148,146
3,481
68,806		 7,276
4,096
1,151
9,125
228,692 21,648

16 Restricted funds

The restricted funds. of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

At 1 April
2024		 Incoming
~=—resources		 Resources
expended		 At 314 March
2025
Playzone Project
Smail grantfund		 -
-		 265,695
1,000		 -
(600)		 265,695
400
- 266,695 (600) —-266,095
Previous year: At1April
2023		 incoming
resources		 Resources
expended		 At31 March
2024
BordWaalk
CommunityFoundation
Welfareproject		 43,782
-
~		 58,125
2,510
72,854		 (101,907)
(2,510)
(72,854)		 -
-
~

|

|

‘AMBLE DEVELOPMENT TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

I 16 Restricted funds (Continued)

Bord Waalk Fund This represents funding received for the development of a coastal bird sculpture trail along the Ambie coastline.

Community Foundation

This represents funding received to upgrade IT equipment to support the running of the local community newspaper.

Welfare project

This represents funding received towards improvements to the children’s play area.

Playzone project

This represents capital funding received towards the Amble Playzone at Amble Welfare.

; Small grantfund
This represents funds received to be awarded to 10 local organisations.
:
:		 47
'
At1 April
incoming
Resources
At31 March
;
2024
~=—sresources
expended
2025
:
£
£
£
£

Capital reserve
2,224,793
-
(6,659)
2,218,134
/
Generalreserve
278,581
424,783
(138,085)
265,279
es
/
2,503,374
124,783
(144,744)
2,483,413
/ Previousyear:
At 1 April
Incoming
Resources
At31 March
2023
resources
expended
2024

:
: 2,471,580
416,965
(85,171)
2,503,374

|

| )

| | |

| | i / i : i | i | ( a | L a

AMBLE DEVELOPMENT TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

18 Analysis of net assets between funds

Analysis of net assets between fundsof net assets between fundsnet assets between fundsassets between fundsbetween fundsfunds
Unrestricted Restricted Total
funds funds
2025 2025 2025
At 31 March2025:
Tangible assets
Investments
Currentassets/(liabilities)		 2,218,134
2
265,277
a		 205,835
~
60,260
oo		 2,423,969
2
325,537
nn
2,483,413 266,095 2,749,508
Unrestricted Restricted Total
funds funds
2024 2024 2024
At 31 March 2024:
Tangibleassets
investments
Currentassets/(liabilities)		 2,224,793
2
278,579		 -
-
-		 2,224,793
2
278,579
2,503,374 - 2,503,374

19 Capital commitments

Amounts contracted for but not provided in the financial statements: At the year end the Charity had begun work on the Playzone project. The main capital costs are estimated at £265,694 of which £59,860 remains unpaid at the year end.

20 Related party transactions

At the year end there was a balance of £3,481 owed to ADT Northumberland Limited (2024: £1,151), the subsidiary of the charity.

21 ‘Legal status of the Trust

The Trust is a company limited by guarantee and has no share capital. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity.

-19-

Cc