REGISTERED COMPANY NUMBF.R: 03208721 (England and Wales) RECISTERED CHARITY NUMBER: 1059761 FOR J.H. Greenwood & Company Chartered Accountants Avtd Lodgc Castle T¢TTace Berwick Un Tweed Northumberland ID15 INP
AYTR OF THE F]NANCIAL STATEMENTS AR ENDF.J) 31 Page Cbilrmn'$ Rtport Report of th¢ Trnsttts 2 to 7 Independ¢ni Ezamintr'j Rert Statement of Flnanei•l A¢tiviti¢i Bal•n¢¢ Sh¢¢t io Notey ¢0 the FlnAn¢i•l Sta¢¢ments 11 to 21 Detfiiled Stttmtnt of Finan¢lal A¢¢fvltl 22
THE GLENDALE GATEWAY TRUST CHAIRMAN'S REPORT bOR THE YEAR ENDED 31 KIRCH 2025 I would like to thank the staff aT the tru$1¢¢s for ih¢iT hard work and dedication to upholding the Trust's objectives to promote, Tnaintaity improve. encourase and a¢fvance the Ernefil of th¢ inhabitsnts of the Glendale area. Over t1 past 12 month8, the Trust has develod its nwal advoLacy role through extensive community engagem¢nl and has built up a netwtsrk of partnerships throughout the statutory and VCSE sectors. The rural aspirations employabilty prOJecth eMWered rnY young peopl¢ by giving them OPPUTlunili¢s in work ortraining. Through the various projects and activities, the TNSI aims lo ¢onnc¢t people wilh each oiher and their communities. The Cheviot Centre continues to thrive as a community hub foT activities, eventy inforniat1o support- a first-cknice plae¢ to seek a ronge of &ssistanc¢ but also to share ideas. The portfolio of residential and commcrcial prOTIleS continu¢.£ to build on the upgrading that commenced in 2024, to ensure that the I rust 15 in line with landlordltenancy legislation and that tenant's needs and obligations of a socially responsible landlord arc mct. The Tn]st aLhieved, wilh the help of local partnws, ts) savc the Posi Offi¢£. This h&4 meant that an active busincss and social hub in the community continues and mor¢ s0¢ial housing is availabl¢ &$ the postM&er'S dwelling is convcrted into a family dw¢lling. finally. we welcomed n¢w and cnterprising tengxlls to the Wooler Hostel. The TTUSt remains in a strong fJnan¢ial wsition, as rep()rted in this do¢um¢nt. s¢]Ell thanks to th¢ staff and truse$ for ensurtng that thc Trust takes all m¢asures re&sonable l(> be diligent wilh its income Hnd funding. The Trust hAs secured fimding lo en5Te continuity with existing projects and the proype¢ts of new ones whA¢h coveT a diverse range of areas. including comrnunity, environmenL ¢dueation and heTitage. and it has set in motion plans io dev¢lop ils rol¢ lourist inforniation centre. Both stsff and trust¢¢S OT¢ enthusiastic about th¢ Tole and fijture of the G1¥nd{ Gut¢way Trust. Rose I,ov¢tt Th¢ Glendale Crateway'l'TUSt, Chair Page I
THE GLENDALE GATEWAY TRUST REPORT OF THE TRUSTEES FOR THE IIAR ENDED 31 TrL4RCII 202S The trustees who are also directors of the charity for the purposes of the Companies Act 2006, pr¢5¢ni th¢ir rert with thc financial slAtements Df the charity for the year ended 31 March 2025. The trustees havc advpted the Provisions of Accounting and Reporting by ChIlles. St¢ment of RecommeT)dcd PrActice applicablc to thArities PTepaTing their ounts in accordance with the Financial Reportin8 St8nderd applicable in the UK and R¢public ol Ireland IFRS 102) (effe¢tive l January 2019). 0EcTIVEs AND ACTIVITIES The Trusl was estsblished to benefit the community of Gkndale, in particular through.. Edu¢#lion, in both historical and ar¢hiie¢ttral h¢rit8ge, and the nhtural environmmt. The provision of facilities for recreation and leisure lime occupation. Th¢ improvement of infrastructure and in particular road services in order to improve road safety. The provision of affordable housing. coperatiOn with other persons or organisations with similar aitns. L'nder the umbrella of education are listed: information about and Access to buildings of particular ar¢hit¢ctural or historical intere$L and all aspects of the natt]ral environmcni. 8SSi.%tance for pctsons to gain employm¢nt and Khemes where such pcrsons may receive training while in ¢mployment. Within the'objccts" are also listed: Th¢ maintenance and management of a multi-purposc community ¢¢ntTe. DiTCCt provision of&ffordable housing accommodation and, th¢ provision of youth host¢l$ or other ¢ommodation to promole health. recreation and education. Summary of tht m•in &etivitie& The Chevioi C¢ntre.' Thi.4 is the Trugt's mulii-purpos¢ community centre, which includ¢s tourist inforniaiion. Ilou&' We now hav¢ 8nd let out three houscs and scv¢nte¢n fiS. Bunk: Operating the Wooler and Glcndalc food bank. Rural Advocaci. and S '. Thc Trust has funded roles to address issues suth poverty. isolation and inequality. Otr Activit. esin The farmers Morkets, Th¢ ndIng of a Glendale Middle School educaiional outinB/ev¢nt an The letting of piopcrtics to local bu5iness¢s and charitie4 includin8 thc Woolw Hostel. I lospic¢ Car¢ Northumberland And the Wool¢r (Youth) Dropin Centr¢, Ch•rity Commlsslon publi¢ benefit guidanee W¢ 8rc required 10 s1¢ ihal w¢ have paid due Tegard to th¢ Charity Comtnission's public bencfit guid¢¢. W¢ have done this by our r¢FKTrrting abov¢ and below on our charity's purpos¢s, activities and achicvem¢nts. Page 2
THE GLENDALE GATEWAY TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDFD 31 KIRCH 2025 STRATEGIC RF.PORT Achievements ind performAnee Th¢ Glcndale Ciateway I njst's collaboration wilh stralegic partncrs has generated further funding OpportlI1cS and th¢ Ikvclopment of new projects to mitigatc th¢ 5igTrifitant rural intqualities ewrienced by COTnmunities in Glcndal¢. Th¢ Trust continues to rais¢ the n41 voic¢ and advocat¢ for Tural community needs at ¢v¢ry opportunity. Chevlot Centrt The Cheviot Centre Brows from slrcngth to strength as a community hub with participanL% Across all d¢mographi¢s engaging in a wide range of adivitics year-round. Our office units are fiilly o¢¢upie<L and we were plcwd to be joined by MIND earlier this year. Tho shop has been Tem¢r¢handised to promote and showcase the talent of lo¢al artists and lo provide more inforniation for tOUTi5t5. A grani from Barnioor Wind Farni funded the installation of an a¢vessibl¢ bathroom io allow people with additionaj need¥ lo acc¢ss appropriate facilities. Glend&le Gateway TrusL in pwthership with Wooler Parish Council. secured funding from Northern Power lo install an oil-fired generator to ensure the Ch¢viot Centre can function during power cuts and exireme weather cvcnts lik¢ Siorm Arwen. 'fhe building is designal¢d as an emergency hub an4 WOTking with slalutory partneTS. will provide community support and information in &n emergency. Un&r the new Property Officer appoinled in January, efforts continue to be mad¢ lo ensur¢ that the 'frust is fvlly compliant Idndlordrtenancy and healih and safety regulalions. In Compliance with thc Housing Ombudsman, we continu¢ to IlLtiDn maintenance and repairs in a tim¢ly and enjoy excellent relations with our len&nL8 and wlth a d¢pcrAdable and exponding team of local contra¢tors, We welcomed new and enterprising lenants to the WooleT Hostel in 2025, W ler Post ()ffi¢e This a major piccc of work for Trust that commen¢¢d in June 2024 when Cllr Mark Mather becamc 4wBrc that the current Wooler Postmastcr was due lo rctire prompling the imminent closurc of ih¢ Post oifice no buy¢r had come fonvard. A public meeting hcld in August al the Ch¢viot Centre hoslcd by th¢ CEO of I'rust and CIIT Mather. The local community wgntcd to keep the Post Office open. so the Trust was lasked with r&ising fijnds to buy the building. Sufficicnl fiJnd$ were eventually raised and the building was purch#bed by the I'rusl in carly 2025, wilh the new Postmasters iaking ovcr in early April. Our 8rat¢ful thanks to Northmberland County Council INCC), Wool¢r Parish Council, rd Vinson, BBrn]oor Windfarni and kind members of the Community who all conlributcd to the funds required. Work now commenced to Lonvert th¢ fIrst floor into family ac¢ommodation and the ground floor annex¢ into a.8tudio fl. Both will b¢ r¢nled al Social housing rates rate and allow the Trust lo prtsvide more affordable accommodation for local ople, Food bank Tequesls and referrals continue to in¢rease thi$ year with many young working families needin8 supporf as the Losl-of-living crisis conlinucs. We r¢¢¢ived funding from NCC and, for scveral monlh5, we received produce from F*reShare which we distributcd in our food par¢el.s and thTOU8h thc Share Shed. Ilavin8 found that the food from Far¢Share was oft¢n too close to its sell-by d#t¢, the Trust left thc proje¢l and locused on increasing donations to the food Bank. lThe Trust deliv¢r¢d 236 parcels in 2024-25. Page 3
THE GLENDALE GATEWAY TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 NL4RCH 2025 llnded Pro ects The Rural Advor4tt With furthcT funding thmugh Northumberland County Council, this project has developcd consid¢rably. Following on from Year l (2023-2024), which fo¢uscd on community engagcment and outreach, we went into Y¢ar 2 10 ¢%blISh a system enty point for individual&Ou5choId5 in need of help and Sup)rt. We now connect them to services, using a referrdl system based on a c¢wOTk modcl, called "Project Touchpoint.. Mindfvl of the ch]en8¢ of reaching isolated household8. discussions w¢r¢ held wilh u broad rangeof local partners lo help reach turther into communities. The rational being that no rnatter how isolat¢d people yJe in rural area4 ihey would com¢ in to contact WLth a Projecl Touchpoint partner who would thcn s¢¢k consent to refeT them to the Rural Advocat¢. A volunteer Rural Champion was recruited and their work has been inva]uable to the proje¢l. Project Touch1nt partners include community volunleers, ¢ommw)ity lice, NHS social prescTilxrs, occupational lherapis social 8roup8. estAte managers. postal workeTS &1 village shop& trade4)eople, churches and ow Trust's Food Rank. Over 50 eases came through the projecl with varying degrees of complexity in the fiT5t six months. Funding has now been secured fromNCC for a furthei 12 months with a real possibility of an additional 12 months to take the project forward into 2027. Employbllity Project- Rural AspirAtlon8 nded through ihc Community Lottery fund and working in paTlnership with Bell Vicw and Community Action Northumberland (CAN), the r]rsl yearof this 5-year projcct was completed successfvlly in May 2025.Three employability hubs were established in Wooler. BelfoTd and Scahouses and 64 peilplc have acccsscd the Project in the year. They requircd a wide range ofsupp)rl. varying from one•off Lonyuliations to significant ongoing help und Support, Working relationships wer¢ eslabli5hed with job ¢entT¢$. IOCAI schools, Go Fibre, Ad G¢friTh Kirkley Hall, Scahouses Hub, Ent¢rprising NortTrL Open Ilniversity and, Berwick Film and Media. 'lThe remit of th¢ project is to removc barriers to nployment and help people 8¢t in to work, training or further education so that they c¥n Teach their potcntial. P¢ople may wish to volunteer or lake part in social activities if they hav¢ trten away from thc workplace for a signifi¢anl amount oftim¢ due to bere&vement, caring r¢5ponsibility OT ill h¢<h and supprtcank provided to help incr¢ their confidence and seif•es(eem and gel them work-r¢8dy, if that is Ih¢ir &spiration. Memory IAne Further short-lemi funding rcccived from Bernicia Homes, and ihcn, following & su¢¢cssful fvnding bil Rin8ton's Te& kindly fvnded th¢ project fur a further 12 months. This group m¢¢ts forinightly with musi¢ at the heart of the sessions to help rekindl¢ mcmories and slow down cognitive dccline of people living with Aizheimer's and dementia while providing tespite for ihc p¢opl# that cure for ihem. Inky Fingerj This group has b¢¢n running extremely suc¢essfjJlly for 8ev¢ral school ternis led by local 8rtisl Anihea Wood, Funding is rcgularly s¢¢ured by the Trust and th¢ free sessions &llow children to tske part in a wide variety of orts and crafl aclivili¢s. Ful1ng is also secured through th¢ Holiday Adivity Fund lo provid¢ frce activity se88ions dutlng the school holid4ys. With a variety of neiv projects on the hori7.on tor the coming ycar that will enhance the Corc Work of the charity and with the continued developmcnl of new partt)¢rship$ there is much to look forward to. We will continue to do everything we can to mitigate the ruTal inequalities that our ¢(trmmunities in th¢ Glendale area face. We cannot do this ali)ne and so wc continue to work in partnership with slatuknry. private and VCSE organisalions to deliv¢r our strategic Aims and cnsure the Commlty of fjlendale can continue to thrive. Page 4
THE GLENDALE GATEWAY TRUST REPORT OF THE TRUSTELS FOR THE YEAR ENDED 31 IKARCII 2025 STtL4TEGIC REPORT Fln4n¢ial review Thc attached accounts ar¢ prepaTed in accordance with lega] accounling requirements which in part do not make easy reading. The Trustees therefore offtr a simplifled summary as follows: A81¢ts and Liabilities It 31 March 2025 Fix Ass¢ts 2,55&(1110 Loans lo fund these fixed asscls {35,000) Net Current Assets before loans (largety cash fimds) Restric*d funds Unrestricted funds 208,000 Totsl fimds lkn above loans ar¢.. Quaker Tnt Rcpayments whi¢h w¢ YTe committed io pay on th¢ r¢maining108n in 2025126 y¢artotsl £3,500. ID¢om¢ and Expendlture for the Ytir to 31 Mareh 2023 IDeomt Cheviot Centre Residential Housing Non.residential Frorty Other (mainly 8rants) 91,OIMI 97,01)0 Expenditure Direct WSt Cheviot Centr¢ R¢sid¢ntial Housing non-residential Prnperty 74,000 34,1)00 21,IXIO inis Surplus before d¢preeiatiDn 131,IXIiI Depreciation erde tion vi 75 Included in the surplus is £35.000 whith b¢¢n Tai5ed for has dcsignated for the post office m8intenan¢e which is expe¢l¢d kn be required oncc the pwchase is completed in early April 2025. Page 5
THE GLENDALE GA TEWA Y TRUST REPORT OF THE TR FOR THE YEAR ENDED 31 NIARCH 2025 STIL4TEGIC REPORT ReSeJ Pollcy Thc trust wishcs to continue trj incre&se it's reserves in order io: Mcct its liabilities. Fund thc repair and rejuvenation of fixed assets. Modify Tts activities wiihou¢ undu¢ haste and cosL should income un¢xpectsdly fall. Take any appropTiate opportunities in support of the commwiity ofcTlendale. At the year end the general unr¢stricted fillids of the charty were £229,951 (2024 £183.654). Imm¢dit¢ plnJ The Trusl's mdin plan is to ov¢rsee the maintenance on the premises known &8 the Post Office. Thc TTUSt successfully saved th¢ Post Office from closure in April 2025 by purchasing the building, and is now in th¢ process ol ¢onverting the fiisl floor of the buildin8 into an affordable two-bedroom family home, &8 well as coDvcrting a ground floor OteX intr& an nffordable sdi0 flat. Other Current plans include the expansion of the Rural Advocacy progrAmme with a ncw RuTal SuppoTI Officer joining the team in 2025. New initiatives ineludc'mind Th¢ Gap,. a wnsortium of local pgrtncrs cougboraling lo ensure nobody in our communiti¢s falls through the gaps in servic¢ provision. renewed community ¢ng8gement working in partncrship with'safe & Ilesilient Communitics, al NorthumkTland County Council.. a ncw proj¢d aTvund 5UPP(>rting neurodiv¢rs young people in Tural North Ngrthumberlund and the implemenlation of new reporting proce55e5 to map the lou¢hpoints of availabl¢ support in ordcr to identify rural inequalities in our SignptIllg pathway5. The Trust is looking 10 ¢4pitalise on the Cheviol Centre being the go-to hub by enh&n¢ing the user and visitor expcri¢nce. This includcs plan5 tu promul¢ Ihe room rental hire facilities, to cxpand the services offered at the iOUTiSt inforntIOn desk and io upgrade uur websile to ensure it 18 &s user- friendly and infornialive as possible. Finallyy the Trust continues lo ¢ollAborate with partner$ on currcnt wojcLXs. 8Dd is in the fortunate positii)n to b¢ tIVe]Y involved in pursuing new and ex¢iting projects. The chArlty'x prlncipal sourcej of furtdi Hisiorically the trust h&q rc¢¢ived significant grant fiuiding whi¢h h83 largely provided thc housing ¥nd other prorKty stock. The &nnual inrne of the trust is N)w mainly from housin8 rents, the Cheviot Ccntre in¢ome, the Youth Hostel and other o)mmer¢ial propcty r¢nts, In the Ye lo 31 Mar¢h 2025 grants and private donations have again been a major fa¢lor, STRUCTURE, GOVERII'AYCE AND K4NAGEMEN'I' Governlng document Th¢ chgrity is controlled by its goyerning do¢ument, a deed of tmst, and constitutes a limited company. ]imited by guarante¢, as dered by the Companies A¢t 2006. Committe¢ of MJ)n8gement The Trust 15 managed by the Committee of Managemcnt. The m&ximum numbcr of committ¢¢ memkn5 (trusi¢e8) is 12 TKI th¢ minimum 1$ 5. 'lTre committee membcrs are el¢¢l¢d for & period of three years by the members of the .1 rust at th¢ Annual Cyeneyal Meeting. Committ¢C MCM1$ will h#v¢ o maximum of threc l¢rnis19 years) with an additional one year in exceptiondl Circumstan$. Trre are provision$ within the Articles of Association for committee menth¢rs to be appointed by the ¢ommitt¢e, should th¢ nd aris¢. Page 6
THE GLENDALE GATEWAY TRUST REPORT OF THE TRIISTh.F.S FOR THE YEAR ENDED 31 MARCEI 2025 REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 03208721 (England and Wales) Registered Chirlty number 1059761 Regi8tertd office The Cheviot Centre 12 Padgepool Place Wool¢r NorthumE¢rland NE716BL Tlte¢s MS R Lov¢tt (Chair) R Walsh Ms B Murray {T¢signed 211312025) Ms S P Younger (re%igned 301412025) Ms A Wood IT¢signed 2111612025} P J Sheard (resigned 171912024) M A Kels0 (resigned 25m2025) J S Davidwn (appointcd 181912024) M J Dean {4)ind 28n/2025) M Harworth {appointed 301412025> D J Wise (appointed 301412025) Independent ExAmln¢r G O'Dca C.A. J.H. Grccnwood & Company C1wt¢red ALcountsnts Avo Lodge Castk Terrn¢e B¢rwick I1}n Tweed Northumberland TD15 INP Fmploytd St*trwho served durlng the coune of th¢ y¢or Karen Froggatt (Chicf Executiv¢) C'indy Crossman (Propcty offic¢r) Susan Miichcll (Accounts officer) Gillian Lowcs (Communi¢4tion5 & Projects officer) Gillian Foster IRuT41 Aspirations Ol¢¢T) Lcslcy Robson (Rural Advocacy & Inclusion officer) Gemma Dresser (Chevi(Trt Centre and Events CrdInat0r) Shauna Goulbourne (Car¢tak¢r) EvFTs StNCE THL LIYD OTr THE YEAR Inforniation relatinB to events since thc end of the year is given in the not&$ lo the financial statements. Report of the t lees inco directors. on .. ating a strat¢8ic repoti approved by order of th¢ board of truslees, as Ihe company a¢2l..11.ras . and signcd on th¢ board's Ihalf by.. Ms R Lovett. Truslee Pag¢ 7
INDEPEINDENT EK4MINER'S REPORT TO THE TRUSTEES OF THE GLENDALE ATEWAY TRUST Ind¢pendent txaminer's report lo the trustees of The Glendale G*teway Trust ('the Comp#ny') I r¢p)rt to the charity tte¢S on my eXnintion of th¢ gccounts of the Company for thc year ¢nded 31 March 2025. Respon$lbili¢ies and basil of report As the charitys trustees of the Company (and also its directors for th¢ purposes of company law) you are TeswJn8ible for lh¢ preparation of ihc accounts in accordance with thc requirem6nÉs of the Companics Act 2006 {'the 2006 Act). Having salisfied myself that the accounts of the Company ar¢ not required to be audited under Part 16 of the 2006 Act and 4re eligibl¢ for independent examination, I report in respect of my examination of your Lharity's accounts as carried out und¢r Section 145 of the Charities Act 2011 {Ihe 2011 Acf). In Carrying out my &xamination I have followed the Directions 8iven by the Cbarity Commission under Section 145{5) (b) of the 2011 Act. Ind¢pendtnt exgmintr'a stattment Since your charity's gmss incorne exceeded £250,(M)O your examiner must b¢ a member of a listed body. I can confjrni Ihttt I wn qualified to undertake the eXMInatiOn iK¢ause l am a member of thc Institute of Chartered Accountants of Scotland. which 18 onc of the listed bodies. I hav¢ ompleted myexamination. l ¢onfinn thai no mattershavc comc to my llttention in conncction with the exgmination 8ivin8 me Gau$¢ io b¢licve'. aountIng records were not kepl in T¢SP¢¢t uf the Company AS required by Section 386 of th¢ 2th)6 Act; or the QuAl$ do not accord writh those records. or th¢ accounts do not Comply with the accounting requircments of Seclion 396 of the 2006 Acl oih¢r than any rcquiremenl thal the a¢¢ounts give a true a1 fair view which is nol a matter considered as part of an independent examination. OT the ac¢ounls hav¢ noi heen prepared in accordon¢e with the methods and prin¢iples of th¢ Ststement of Recommended Pia¢li¢¢ tor accounting and Teportins by charitie5 (applicable to charilics preparin8 th¢ir accounts in a¢cordance with the Financial Reporting SIdard applicable in the UK and R¢public of Ireland (FRS 102)). I have no concern8 ond have tome across no othcr matters in conne¢tion with thc cx8minatiun to which attention should b¢ drawn in thi.8 report in order lo ¢n4ble a prow underbtandiD8 of the Accounts to bc rc8¢hed. The Institute of Charter¢d Accountants of Scotland J.H. Greenwood & c.ompany Chartered A¢counlants Ava IA)dge cle l errace Rerwick lJpon Tweed Northumberland TD15 INP Page 8
THE GLENDALE GATEWA Y TRUST TATEMEKf OF FNANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 3113r25 Tot fimds 3113124 Total fimds UnrestTiCted funds Restricted funds Notes LNCOME AND ENDOWMENTS FROM Donations and legacies 2,065 249,890 251.955 118.006 Charitsble gctivitit5 Gl¢ndale Gateway Trust Social Housing Glendale Centre 57,914 96,850 90,826 2,593 60.507 96.850 90.826 55,663 95,227 85,552 Inv¢slment inwme Total 261525 252 483 514008 EXPENDfTtIRE ON ChArlt#ble activitiei Glendale Gatewby Tnst Social Housing Glcndalc Ccntre 145,236 33.860 185,452 330,688 33,860 249,031 65,050 Totttl 214 728 224 039 438 767 354 473 IIET INCON Transftrs betw¢en fundj 46,797 28,444 300 73.241 6,316 18 Net movement In fundi 46.297 28,944 75,241 6,316 RECONCILIA TION OF FLryDS To181 funds broughi forward 183,654 2,694,690 2.878.344 2.872,028 TOTAL FUNDS CARRIED FORWARD 229951 2 723 634 2 953 585 2 878 344 CONTIWLTThG OPERATIONS All income 8nd expenditure has arlsen from c4)ntinuin8 activities. The notes forni part of these fll]ancial stafrments Page 9
THE GLENDALE ATEW BALANCE SHFET 31 MARC.'112025 3113125 Totsl 3113124 'I'otal funds Unr¢stri¢ted funds Re5tri¢led fijnds Notes FIXED ASSETS Tangible gssots 12 4.835 2.553,355 2.558.190 2.589.046 CLryIREhY ASSETS Stock5 Deor5 Cath ut bank and in hand 13 14 3,864 18,271 225 710 3.864 18.271 461666 2,491 16.745 400,875 235 956 247,845 235,956 483.801 420,111 CREDITORS Amounts falling due within one year 15 (22.729} (4,177) (26.906) (95,813) YET CITRREwf ASSETS 225 116 231779 456 895 324 298 TOTAL ASSETS LFSS CURRENT LIABILITIES 229,951 2,785,134 3,015,08J 1913,344 CREDITORS Amvunls falling du¢ after MOK than onc ycar 16 (61.500) (61,500) {35,(M)O) YFT ASSFTS 2 723 634 2 953 585 TNDS Unrcstrictcd fijnds R¢strict¢d fund8 18 229.951 2 723 634 183.654 2 694 690 TOTAL FUNDS 2 953 585 2 878 344 The charitable company is entitled to exemption from 8udit under Seciion 477 of the Conip8nies Act 2006 for y¢ ended 31 March 2025. Th¢ mcmb¢rs h8v¢ not r¢quii¢d the MpanY to obtsin an audit of its financi statements for the year ¢nd¢d 31 March 2025 in accordance with S¢¢tion 476 of the Companies Ath 2006. The truslees acknowledge their re5pon5ibiliti¢s for (a) ¢nsuring ihai the ¢harilable company keeps accounting r¢cor(ts that comply with Sections 386 and 387 of the Companies A¢1 2006 omd preparing financial statements which give a true and fair view of the State of affairs of the ¢baritabl¢ wmpany Ls at the end of each financial year and of its swplus or defiril for ¢&¢h financial yeaT in accordgnce with the requirements of Sections 394 and 395 and which OtIrwise ¢omply with the r¢quir¢m¢nts of the Companies A 2006 relating to fmancial statements. w far as appli¢abl¢ to the charitable rA)mpany. (b) Thc finan¢iHI statcmcnts wcrc approved by the Board of'l'rustees and authnrised for issue on.... and were sign¢d on its b¢ alf by: R vett- Trust¢¢ Page 10
THE GLEYDALE GATEWAY TRL'ST NOTES TO THE FINANCIAL STATEMENT FOR THE YEAR ENDED 3] MARCH 2025 AccoiwfiNG POLICIES Ba¥1$ of preparing the finaDclal statements Th¢ fmancial slatcm¢rhts of Ik ¢haritablc Compky. whi¢h is a publi¢ b¢n¢fit entty under FRS 101 have been prep0r¢d in accordancc with thc Charitics SORP (FRS 102) 'AcLounling and Reporting by Charitie5: Statement of Recommcnded Practicc applicable to charitie5 preparing their ac¢ounls in accordance with ihc Financial Reporting Siandard applicable in the UK and RcpubliL of lT¢land (FRS 102) (¢ff¢ctive l January 2019).. Financial R¢porting Stsndard 102 Tr Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006. The financial statements have been pr¢por¢d under th¢ historical cost conventio The ¢harily regisiered as a Social Housing Provider. The fmancial stst¢ments should therefore also b¢ prepared in accordance wilh the provisions of the S(alemenl of RCmM¢ded Proctice for Social Housing Providers 2018 and with the Accuunling Direcliun (or privale regislered provid¢rs of so¢ial housing in EnBlatMI 2019. In the year to 31 March 2020 and during the years to 31 March 2015, grants were received to assist with the development of social housing units. The Trustees have clM)sen to continue to prcparc the fit)an¢ial temeLS using the a¢¢ouniing ¢onv¢ntions applicable io chArities and these grants are and werc included in incoming r¢source.q within the Stsment tif fiinwi¢ial A1vItIes. Under the occDunting conventions applicablc lo R¢gister¢d Social Hou%ing Providers.quch 8rants.qhould be amortised over the useful lives of th¢ housing properties with the unamortised amoun¢ Ing held within cr¢ditor$ as d¢f¢rr¢d grant in¢ome. Nex¢ &r the accounting ¢onv¢ntion with respect 10 th¢ r¢porting of social housing transactions will be r¢vi¢w¢d again. including a r¢vi¢w of th¢ slatus and trcatm¢nt of cxisting housing properli¢s. Ii is estimad that if grants rccciv¢d on ¢xistin8 housing wlils wcre lo r¢-stat¢d in accordance wih the Registered So¢ial Ilousing Providers accounting convention4 amortisation would be £20,000 pcr annum and the net a5s¢ts al 31 March 2025 would be reduced by £831.0110. FinAnclal reportlng Jtandard 102- reduced diyLlo$ure exemptions The charitable company h&$ taken advanloge of the following dis¢losur¢ exemption in preparing these fm8ncial slalement¥, &$ p¢nnitl¢d by FRS 102 Th¢ Financial Reporting Siandard applicable in the UK and Republic of Ireland,: the requiremenL8 of Sedion 7 Statement of Cath Flowi. Ineome All income is reco8ni%d in the Ststement of Financial Athlvili¢s one¢ thc charity has entiilemenl to lh¢ funds, it is probabl¢ that the income will bc rec¢iv¢d and the am01 ¢an b¢ measured reliably. Expendltu Liabilities are recobTAiscd as expenditurc as soon as theTe i5 a legol or ¢on.8lructive obligation committing the chaTity to that pendItu. it is PTobgbl¢ that a trDnsfer of economic benefils will k r¢quir¢d in settlement and the amount of the obligation can be me8sured reliably. Expenditure is a¢¢ount¢d for on an accrnals basis and has been ¢la5$ified under headings that aggregate all cost relat¢d to the category. Where co$ cannot k directly attributed lo parti¢u]ar h¢adin8s ih¢y hav¢ allocated to activities on a basis ¢onsistcnt with the us¢ of resour¢¢s. (irants offered subject to conditionq which have not met at the year end datc ar¢ noted as a ¢ummilmenl bul not accrwl &8 expenditure. TAnglble fixtd Aisets Dcprcciation is provi<kd at thc followitig ann] ratss in order to wrile orteach Set over its estlmated useful life. Freehold property tA)ng l¢&sehold Plant and m8¢hinery 2Yo on reducing balan¢e 2Vts on reducing balance 1SYty on reducing bBlance Pagell
THE GLENDALE GATEWAY TRUST NOTES TO THE FINANCIAL STATEMENI8- tont1ntd FOR THE YEAR ENDED 31 MARCH 2025 AccoiJNfiNC POLICILS - ¢ontinu¢d Storks Siocks aTe valued at the IoMTr of cost and nd realisablc value, th making due allowan for obsol¢te And slow movtng itcms. Taxatlon Th¢ ¢harity is exempl from corp)rntion tax on its Charilable aclivilie5. Fund Accounting Unrestricted funds cam be used in accordance with Ihe chaTitable objeciives at the discTetion of the trustees. R¢5trickd fund5 can onty be used for particular restricted purposes within the objects of the charity. Restrictions aris¢ when sp¢¢ifi¢d by tk donor or when fLmds are raised for particu]&r r¢gtri¢l¢d pwposes. Further explanation of the nature and purpose of each fvnd is included in the notes to the financial stal¢ment$. PeDilon eoxts And other p1-Ye¢VeI henellts ITh¢ ¢haTilable company orrtrates a defined ¢ontribution pension scheme. Contributiotk8 payable the ¢horilabl¢ Company's pension scheme char8ed to the Stat¢m¢trt of Finala1 Athivilies in the period to which ihey relate. DONATIONS AND LEGACIES 3113125 3113124 Donations Gift aid Grunts 31.110 18.487 4,395 220 845 251955 Grants received tncluded in the above, are as follows: 3113125 3113124 Community Foundation NorthumiKrlhnd County Council Tweed Fvrum B¢rni¢a Group Nation0] LolTy Fund North¢m Pow¢r Grid Balling¢r Trnst Northumberland C'ommunities Together Capt8Én CD Ixyland Vund 30,000 57.680 28.271 32.952 9.353 2,344 130.821 20,IMM) 1.548 2,000 220 845 Page 12 continued...
THE GLENDALE GATEWAY TRU ANCIAL S OR THF. INVESTMENT INCOME 3113125 3113124 Dqjosil accounl inlerest 13.870 INCOME FR()M CHAIU'I'ABLE ACTIVITIES 3113125 3113124 Activity Glendal¢ Gat¢way TDJst Glendalc Gatcway Trust So¢i41 Housing Glendale CenlTe Gl¢ndale CentTe Glendale Centre R¢ntsl income Sale of goods or 8¢rvices Rental incorne Rentsl income Ri)om hire Sale of goods or servi¢¢s 56.1)88 4,419 96,850 53,457 21,238 52.734 2.929 95.227 49.675 17.593 18.284 248 183 236 442 CHAIUTABI.,F. A1VI.rIES COSTS C)rant nding of activities (see notc Support ¢osÉs (see note 7) Direct Costs 6) Tolals CFlendale Gateway Th1 S()cial Housing Cylendale Centr¢ 312,969 33.R60 10.419 7,300 330,688 33,860 438 767 GIL4NTS PAYABLE 3113125 3113124 Glendale Gal¢way Trust The total 8ranls paid io institutions durin8 th¢ y¢at was as follows: 3113125 3113124 General grants Gl¢ndaie Middle School 8.419 4,528 Page 13 Colltinu..
THE GLE)DALE GA TEWAY TRUST THE bl ED SUPPORT COSTS Governan¢e costs Glendale Gatsway Trust NET INCOMEI(EXPENDITURE) Nel incom¢l(¢xndItr¢) is st4t¢d after char¥ing/{¢redilin8): 3113r25 3113124 Jndcpcndcnt examiner's remuneration for exominin8 account5 Dcpr¢¢iation- owned ass¢ts 1.400 1,000 TRITSTFFS, REMIJNERATION AND BEI*TFITS There were no Iste¢S, remuneration or oth¢r bcnefits for th¢ year ended 31 March 2025 nor for th¢ ycgr cnded 31 Mar¢h 2024. Ihistt¢8' ¢Ap¢ni¢i There no irustws, cxn5¢S paid for the year ¢nd¢d 31 March 2025 nor for thc ycfir ¢nd¢d 31 March 2024. io. STAFF COSTS 3113125 3113124 W&g¢s and yylaries Social securily costs Other nsIOn c08ts 153,037 7,298 115,942 3,726 163 9JO 121719 The average monthly numb¢r of employees during the year w&4 as follows: 3113125 3113124 Management Administration No ¢mploy¢¢s Teceived emolun]ents in excess of £60,000. In addition to salarie$ gnd social securiry there were other ¢mployee costs of £3,025 (2024.. £826). The total of key menagemenl personnel Temuncrntion in the Ye £42,750. Page 14 continued.,.
THE GI,FNDAI.F GATEWAY TRUST TES FINANC R THE YEAR END ii. SOCIAL HOUSING LErrINCS The Glendale Gateway Tnjst is a registered social housing provider. During the year rents rcceived from social residential proFKrtics was £96.850 (2024 £95.227) and costs. amount¢d lo £33,860 (2024 £65.050). 12. TANGIBLE FIXED ASSFTS Freehold propcrty Long leasehold P18nt and machinery Totals COST At l April 2024 Additions 3.210,806 350,255 79,105 24.826 3.640,166 At 31 March 2025 3 210806 350 255 103 931 3 664,992 DEPRLCIA TION At l April 2024 ChAf8c for ycar 915.091 67.648 68.381 1,051,120 At 31 March 2025 1106.802 NET BOOK VAI.LF At 31 March 2025 2.249 799 276 955 2 558 1gX) At 31 March 2024 2295715 282 607 Th¢ l¢asehold property 18 five flats above thc co.op in the WheAishcaf building at th¢ ¢nd of Woolcr High Strc¢l. The freehold propety includes.. The Cheviot Centr¢ The Wooler Youth Hoslel rifteen re8idential propcrties (under ihre¢ of these Are two spa¢es let as a bakery and a caft). 'll]e Me¢hgni¢s Instifvtc Building used by the Drvpin Centre. Premises us¢d by Hospice Care North Northumbelland (also under two Tesidential flat5). The trustees consid¢r that it would not be practicable to anatyse a¢curotely the carrying valu¢ vl freehold property bcttveen prop¢rtics let social housing and other prop¢ty. lThe carrying valucs of freehold property shown above may be different from the markel valu¢s of these properties. The trustccs do not consider that li would be worthwhile to obtain Professional voluhtion$ in order to quantify thesc diffcrcnces. Consideration ContinS to be given Hs to whether provisions for impairnient are required. 13. STOCKS 3113125 3113124 Stocks 491 Page 15 continueii..
TIIE CLFNDALE GATEWAY TRUST NOTES TO TIIE FINAN FOR THE YEAR ENDE -con H 2025 14. DEBTORS: AMOUNTS FALLING DUE WITlllN ONE YEAR 3113125 3113124 Other debtors Prepayments 4.526 6,205 15. CREDITORS.. AMOUNTS FALLJNG DUE WITHIN ONE YEAR 3113r25 3113124 Other loan5 (s¢¢ not¢ 17) Tradc creditors Social sccurity and oiher lax Other crcditors A¢¢rucd exp¢nses 3.5 1.363 2,576 14.187 3,500 62,235 12.561 95.813 16. C'RLDI"foRS: AMOUNTS FALLIliG DUE AFTER MORF TIIAY ONL YEAR 3113125 3113124 Other loans (see note 17) 17. LOANS An 8nalysi$ of the maturity of h)ans is given below,, 3113125 3113124 Anlounts fallin8 duc within on¢ y¢ar on dcmand.. Qaker Housing Trust loan Amounls falling beiween one and two ye8rs.' Quaker Hvusing Trusl10gn Amounls falling du¢ b¢tween two and five years: Quaker Housing Trust loan Amounls falling due in more than five years: Repayable by instalments: Quaker Housing Trust loan Wooler Parish Council - loan 17,500 21,000 Pa8e 16 eontinued...
THE GLENDAI.E GATEWAY TRUST TES TO THE FINAN tinu 18. MOVEMENT IN FtINDS Nel movement in funds Transfers bettren fijnds At 31.3.25 At 1.4.24 Llnrestrieted funds General fiu Designated Housing Mainl Fund Designalcd Comm Property Maint Fund D¢5igTral¢d Youth Ilostel Maini Trund J54.654 14.000 46.797 {6.500) {14.000} 35.IXKI 15.0001 194.951 35,1)0 15.000 183,654 46.797 {500) 229,951 Res¢riet¢d fund$ Chevioi C¢ntre Cheviol Centre- Foyer Cheviot Centre- Library Extension Ch¢viot Centre- Sensory Gar¢kn Cheviot Centre- Library Fitting Out C'heviot Centre- Pr¢thiclopmeni Costs Cheviot Centre Pcrfornianc¢ Room CTheviot Centre- Pods and Offices R¢mote Learning Hub MechAnics Instile Town Centre Regeneration Youth Hostel 31 High Street Old LibTary 12a Church Stree¢ Roddam Dene Hous¢ Cummunal Garden at Roddem Denc Housc Fomjer Barclays Bank Wheatsheaf Robson Patterson Ancrnm Enthwmcnt Cop Cvlendale Festival CFlendale Festival Farnicrs Mkets ood Bank Reconnecting the Woolcr Water Garden Activitics with Children MaTjori¢ Stephenson Small Grants Provide log baT Memory Lane D¢entia Care Glendale Nourish & Share Shed Fuel lor Shopping Trips Carhom D¢fibrillotor Dr Chris Dal81ish donation ',mergency Hub Kyloe bood Bank New Horizons Rural Advocate Rolc Accessiblc Bathroom Business Forum LEaflets oj¢Lt Touchpotnt Sav¢ the Posi orrice 301,836 17,250 34,184 4,298 43,466 11.463 31,016 143,440 2,267 150 251.993 273,011 333.515 156,976 32,662 361,550 1,797 301,963 244,107 25,6311 3,000 7,583 14.134 33,317 2,708 8.039 3.000 8,703 1,958 446 4.419 985 20,000 1,000 (6.401) (345) (684) (100) (870) (229) (620) (2,869) (340) (3) (5.041) (5,714) (6.671) (3.139) (653) (7,231) (36) (6,039) (5.652) (2,000) 295.435 16,905 33,500 4.198 42,596 11.234 30.396 140,571 1.927 147 246,952 267,297 326,844 153,837 32,009 354.319 1,761 295,924 241,955 23,638 3.500 (3.000) 1,465 1,893 9,048 16,027 (33.317) (1,683) 1,025 5.933 (1106) {3,000) (5,764) (1.958) 2,939 (4.419) (2.247) (1,0)} 55,540 2,958 (4,993) 230 4.346 1.969 19.722 55,540 15,774 12,816 4.993 230 4,346 2,694 690 500 2.723 634 TOTAL FLq¥DS 2.878J44 75.241 2.953.585 Page 17 continued...
THE GLENDALE CATEWAY TRUST NOTES TO TATEMEwrs. FOR THE YEAR ENDED 31 MARCII 2025 18. MOVEMENT IN FUNDS- continued Net mov¢ment in funds, incld in the above gre as follows.. Incoming resources Resources expended Mov¢m¢nt in fijnds Unre8trieted fnd# General fimd 261.525 (214,728) 46,797 Rutrieted fundi Cheviot Centre Cheviot Centre- Foyer Ch¢viot Centre- Library Extension Cheviot Centre- Sensory Garden Cheviot Centre- Library Filting (t Cheviot Centrc- Pre-development CA)5ts Cheviot Centre Perfornionce Rcrf)m Chevlot Centrc - Pods 0]CeS Remotc Learning Hub M¢¢hani¢s Institute Town Ccntre R¢gen¢ration Youth Hostel 31 High Street Old Library 12a Church Sireel Roddam D¢n¢ Ilouse c.ommunal Garden at Roddem Dcnc Hou Forn)er Barclays Bank Wheutsh¢at' Robson Patterson Ancrum Endowmenl Cap Cylendale Feslivai Fornicrs Markets Food Bank ti2rden Activities with Chililr Provide log bank Memory Lanc Dentia Care Glcndalc Nourish & Shgre Shed CarhAm Defibrillator Emcrgency Hub Kyloe Fuod Bank ew Hori3Dns Rural Advo¢at¢ Role A¢¢essibl¢ bathroom Business borum Leaflcts Project Touchpoint Save the Post Office {6.401) (345) (684) (100) (870) (229) (620} (1869) (340} (3) (5,041) (5.714) (6.671) (3,139) (653) (7,231) (36) 16,039) (5,652) (2,000) (1,129) (8.930) (3,184) (3,000) (8,112) (1,958) (4,419) (2,247) (1,000) (75,281) (30,221) (17,993) (162) (10.654) (6,401) (345) (684) (100} (870) (229) (620) {2,869) {340) (3) {5,041) {5,714) {6,671) {3,139) (653) (7.231) (36) (6.039) (5,652) (2.000) ,465 1.893 (1,683) (3,000) (5,764) (1,958) (4,419) (2,247) (1,000) 55,540 2,958 (4,993) 230 4,346 2,594 10,823 1,501 2.348 130,821 33,179 13.000 392 15,000 252 483 TOTAL FUNDS 438 767 PDge 18 continu¢d..
THE GLENDALE GATEWAY TRUST TES TO THE FINANCIAL STATEMENTS- Continued FOR THE YEAR ENDED 31 MARCH 202S i& MOVEMENf 174 FUNDS- ¢ontinued Comp*ratives for movement ID funds Net movement in funds Transfers between At 31.3.24 At 1.4.23 UDreBtri¢ted thnds General fund Designated Housing Maint Fund Designed Youth Hostel M&int fund 211,975 14.000 15,000 (5.088) (52.233) 154.654 14.IKN) 15.0110 240.975 (5,088) (52,233) 183.654 Restrllted fund Cheviot Centre Cheviot Centre- Foyer Cheviol Cenlr¢- lJibrary Extension Cheviol Centr¢- Sensory Garden Chevioi Centre- Library Fitting Out Ch¢vioi Centr¢- PrvelOpMent Costs C.hevioi Centr¢ Perfornhance Room h¢vioi L¢ntre - Pod$ and Offices R¢mot¢ Learning Hub Mechanics Institut¢ l own C¢nlrc K¢g¢neration Youth Hostel 31 High Street Old Library 12a Chwch Street Roddam Dene Hou Communal Garden at Rodd¢m Dene Hous¢ Forn]cr Barclays B Whcalsheaf Robson Pallerson Ancrum Endowm¢nt Cap Glendal¢ festival Naiural Burial Glendale fe81ival Farni¢r$ Mark¢ts rood Bank Reconnectin8 the Wool¢r Water Garskn Aclivi11¢5 with Children Marjori¢ St¢phcnx)n Smo11 Granls Provid¢ log bgnk Mcmory Lane Dementia Ca Gl¢nd81¢ Nourish & Share Shed Spac¢ Fuel for Shoppin8 Trips CArham Defibrillator N'¢w Heating System- Cheviot Centre r)ark Skies Dr Chris Dalglish donation Emergency Hub Kyloe Food Bank Rural Advocat¢ Role 308.433 17,602 34,881 4,402 44,353 11,697 31,649 146,368 2,667 153 257.136 278,887 340,322 160.179 33,329 368,929 ,834 308.125 197.762 25,638 6,954 1,1)03 6,621 15,331 365 1,021 6,448 (6,597) (352) (697) (104) (887) (234) (633) (2,928) {400) (3) (5,143) (5,876) (6.807) (3,203) (667) (7,379) {37) (6,162) (5,768) 301.836 17.250 34.184 4,298 43,466 11,463 31,016 143,440 2.267 150 251.993 273,011 333.515 156.976 32.662 361.550 .797 301.963 244.107 25,638 3.000 52,113 (1.190) (1,003) 962 {1.197) 32,952 1,687 (515) 3,000 (276) {1,540) (5.626) (78) 3.962 {2,764) 7,583 14.134 33,317 2.708 8.039 3.00 8.703 1.958 1106 8.979 3,498 5.626 524 457 (120) 446 4.419 120 658 (658) 985 20,000 1.000 985 20,000 1,000 2.631,053 2,694 690 TOTAL FLDs 1872,028 6.316 2.878.344 Page 19 continued..
THE GLEIWALE GATEWA Y TRUST NOTES T FINANCIAL STATE OR THE YEAR ENDED 31 MARCH 202 Inutd MOVEMENf IN FUNDS- ¢ontinued Comparative net movement in funds, included in the ab)ve are as follows: Incoming re5M)urc¢s Resources expended Movem¢nt in funds Unrtitrltted funds General fund 242.682 (247,770) (5,088) Restrlcted funds Cheviot Centre Cheviot CentTe - Foy¢r Chcviot Centre - Library EXts1On Ch¢viot Cenir¢- Sensory Garden Cheviol Centr¢- Library Tritting Out Chevioi C¢ntre- Preadevelopemenl Costs Cheviot Centre Perfomiance Room Chevioi Centr¢- Pods and Offices Remole Itarning Hub Mechanics Institute Town Centr¢ R¢gen¢ration Youth Hostel 31 High Str¢et Old Library 12a Cll)urch Sireei Roddam D¢n¢ House Commun41 0den & Rodd¢m D¢n¢ Ilouse Fornicr BaTclay5 Bank Wh¢at5h¢af Qlcndalc Festival Natur&1 Burial Glend&l¢ Festival Varniers Markets Food B ReL'onne¢ting the Wookr Water Gwd¢n Activiti&s with Children Mwjorie Stephetwn Small (Jranis Provide108 bank Memory Dementia Coye Glendaje Nourish & Shoxe Shed Warni Spa uel for Shopping Trips Carham D¢fibrillator Dk Skies Dr Chris Dal81ish donation Emergency Hub Kyloe Food f4ank Rural Advt)cate Rok Solar beasibility StL (6,597) (352) 1697) (104) (887) (234) (633) (2.928) (4¢)0) (3) 15.143) {5,876} {6.807) {3.203) (667) (7.379) (37) (6,162) (5,768) (1,190) (1.028) (1,967) (8.644) (6,597) 1352) (697) (104) (887) (234) (633) (2.928) (400) {3) {5.143) {5,876) {6.807} {3,203) (6671 {7.379) (37) (6,162) (5.768) (1.190) (1,003) 962 (1,197) 32.952 1,687 (JIJ) 3,000 {276) (1,540) (5,626) {78) 3,962 (658) 985 20,000 I,o()o 12,816 25 2,929 7,447 32,952 5,755 250 5.250 9.353 (4,068) (765) (2,250) (9,6291 (1,540) (5,626) (78) 3,962 (658) 985 20,000 1.000 26.813 (13,997) ,386) 118 107 106703 TOTAL FUNDS 360 789 354 473) Page 20 Continued...
THE GLENDAL CATEWAY TRUST 18. MOVEMENT IN FUNDS- continued Tr4n%fers betw¢¢n funds The transf¢r8 bettveen restricted and unre5tri¢t¢d funds dwing the year r¢pr¢sent costs on restri¢t¢d proj¢¢ls that had been met by the general funds of the ¢haTity. 19. RELATED PARTY DISCLOSURES Durin8 the year Ms A Wood, a trustee. paid £2,023 (2024.. £2.350) for sessional work as a professional artist ¢ngAged to an 8ft¢rschool art club for the children ofwool¢r amd the sounding area. She was 8tso paid £590 for design scrvices (2024.. £107 for ilems lo resell in the c¢ntre shop). All tr8nsa¢lions w¢r¢ onann's length ternis. At theyear end Ms Wd was owcd £nil (2024: £120)by the charity. POST BALANCE SHEET EVENTS At the balance sh¢¢t date funds w¢re held be the charity in restricted and dcsignalcd funds lo the amountof£70.174 restriaed and £35,000 designaled which were to purchase and r¢val¢ thc Wooler Post Oflice building on the High Sire¢t. (In 7th A wil 21125 this purchase was complelcd for £240,000 with the aid of substantial addilional gTanl funding also rec¢iv¢d in April 2025. Page 21
THE GLENDALE GATEWAY TRUST TATEME YEAR END IN ¥1 3113125 3113124 INCOME AND ENDOwTs Donatlon5 and legaelej Donations Gift aid Grattls 31.110 18.487 4.395 95,124 220.845 251.955 118.006 Investment ilJCDme Dep051t account interest 13.870 6.341 Charitable activitiej Rental income Room hire Sale of goods or services 206,395 21.238 197.636 17,593 248 183 236 442 Total In¢omln8 r¢source$ 514,008 360,789 EXPENDTTURE Charit4ble 4ctivitieB Wages and salaries Social Security Pensinns l)ther employee costs Chevioi Centrc Youth hoslel Rural All¢viatAons Residential propcrties Town ¢omm¢rcial prop¢rtics Oth¢r ¢osts including admin Olcndalc Fcslival ¢osts Items for re5al¢ D¢pr¢¢i¥tion uf IgIble red assets Gronts tu instilution 153,037 7,298 3.615 3.025 68.249 2,125 10.654 33.860 18,659 57,745 1,129 5.970 55.682 115.942 3.726 2.051 826 35,154 1,780 65,050 7,867 50,623 1,907 5.238 54,226 431,467 348,918 Support eojti Governinee tosts Indcp't examiners MUn¢ration Accountancy and l¢gal ft¢s 1.400 1.000 Totsl resources exed 438 767 354 473 et Income This pag¢ does not forni part of the statutory financial 5tstem¢nts Pa8¢ 22