2025-03-31-accounts

Company registration number: 03324145 Charity registration number: 1062486 HALTWHisfLÉ PARTNERSHXP LTD TRusfEES' REPORT AND UNAUDrrED FZNANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 M•in Strc HaltWhi￿lr NE49 OAZ

Haltwhljtle Partn¢r•hlp Ltd Contents Page io li 12 13-20

Haltwhlstle Partnershlp Ltd Reference and Administratlve Detall• For The Year Ended 31 Marth 2025 Trust Mr5 Julle Gibbon Mr Aexander Kinsey Ms Mary McGlade Mr Andrew Saunders Mr John Scott Mr Alan Sharp Mr Matthew Cocker (appolnted 2S10612025) 1062486 Charlty Number Company Number Prlncipal Address 03324145 Westboume House Main Street Haltwhtstle Northumberland NE49 OAZ Reglstered Offlce We5tboume House Main Street Haltwhistle NE49 OAZ Jndependent Examlner Giles Storey. Storey & Dodd Ltd Va Christian Dodd Storey & Dodd Ltd Va Christian Dodd Westboume House Main Street Haltwhfjs￿e NE49 OAZ Bankers Unity Trust Bank PLC Nine Brldleyplace Birmingham BI 2HB Curnberland Building Society Cumbertand House Castle Street Cadisle CA3 811X Virgin Money 7 Gold Street Northampton NNI IEN

Haltvthlstl• P•rtnershlp Ltd Company No. 03324145 Trust•M' R•port For Th• Y•ar Ended 31 March 2025 The trustees present thelr report and the finandal statements for the year ended 31 March 2025. The flnanclal statwnents have been prepared In accor(tance wlth the accountlng pollde5 set out in the notes to the accounts and comply wlth the charlty's governing document, the Charitie5 Art 2011 and Accountlng and Reporting to Charities: Statement of Recommended Prattl￿ applicable to charities preparfng thdr accounts In accordan￿ with the Finandal Reporting Standard applicable in the UK and Republsc and IrelaFKI. Go¥ernlng Document Haltwhistle Partnership Umlted Is a charltable cornpany Ilmited by 9uarontee ¥￿thOut Share capltal. inc¢rpornted on 25th February 1997 {registered number 3324145). It was registered as a charlty on 20th May 1997. Tre company wa5 estsblished under Memorandum of Associatlon whith e5tabli5hed the objects and power5 of the charitable company and Is governed under Its Artldes of Associatlon. Objectlv The prfnclple acuvltles of the charlty are the support or promotlon of any other charltsble purpose for the rellef of poverty the dvancement of eduCa￿On Ilndudlng vocaUonal tralnlng), the advancement of rellgfion or any other charltsble purpose for me tsenefit of the communoty of Haknhlsue and surroundlng area. Communlty Is at the heart of the Partnershlp. We exlst to support the communEty of Haltwhlstle and Its surn>undln9 parlshes and to seek and fadlltste opwrtunities that bring benefldal and sustsinable change. Our vislon Is to make Plaliwhistle and its surroundin9 parlshes an attractive and thrivlng Vace for people to work, Ilve ona Our mission 15 to collaborate and support benefidal, sustainafle and athoevable oppcfftunit￿ for the community Dy tne community of Haltwhistle and Its sutToundlng parlshes. We strtve for a vlbrnnt and sustalnable communlty throwh our ft>ur objectives whlch cover our four key areas: Communlty To foster and support communlty splrli wellbelng and coheslon by fadlltstlng Innovatlve. Insplmng and Indu￿Ve projects and acvvltles that cater for a wlde range of need5 a￿1 Interests. Envlronment To pmmote sustalnabllty. con5ervatlon and envlronmental actlvrt5es to enhance quallty of Ilft. personal wdl-belng and local self- 5ufficierKy. Einorny To encourage a confiaeni, Duoyant arKJ reg"int economy ty SuppO￿ng dNerse employrnefir, Dug"ness and devewient opportunities and promotlng Haltwhlstle as a deslrnble l(Kation to INe. work visiL Connectfvlty To St￿ngthen pnysicai ano digital connectlvtry. by aovocatlng for coherent iJan5WIrt Ilnk5, fast broadband and mgtslle network5 and broader communications. ensuring no-one is left isolated. Organlsatlonal St￿clU￿. Trustee# Recrultmeni Inductlon and Tralnlng Organisational Structure Sl*lfkng & Str•l•gy Board of Trustees Prop•rty Worklng Group Manqement Commltt•• Reneb¥abtesl Shop ..coKnNUED

Haltwhlstle Partnershlp Ltd Trustees. Report (contlnued) For The Year Ended 31 March 2025 Objectives - contlnued The directors of the company are a150 the charity trustees for the purpose of charity law. The trustees of the charity are responsible for the appointment of the company secretary in accordan￿ with the Art. The Board of Trustees comprlses a mlnimum of 3 people and holds the property. finanaal and legal responsibility for the oryanisation. It d1￿Cts and runs the organisation in all aspects of govemance. management and staffing. All Trustees are re-eletted every year. The Trustee Board between them should have knowledge and expertise around finance, legal matter5, estate management, charity matter5, general management, comrnunity athvity and communication. The Management Committee includes all the Trustees and representatives of relevant oryanisations and any other stskeholders and co-opted members as needed from time to time. Representats"ves on the Management Committee are involved in the Partnership's activities and decision making process without the liability or responsibility that comes wlth belng a Trustee. Rep￿SentativeS of organlsations may be drawn from any or all of the following as well as any other group.. Northumbertand County Council, Health Centre, Haltwhistle Town Council, Haltwhistle Chamber of Trade. Churches Together, Tourism. the 10 surrounding parishe5. Youth provision, Education, NNPA, TVCRP, Parish Councils, Sustainable Haltrlhistle and indlvlduals as appropr6ate and as needed. Public Benefit The trustees confim that they have complied with the requirements of Sertion 17 of the Charities Art 2011 to have due regaril to the Charity Commission's guidance on public benefit. The trustees believe that the carrying out of the aims of the tharity provide5 a public benefit in a number of areas, including the advancement of education (including vocational training). the advancement of religion and other charrtable purposes for the benefit of the community of Haltwhistle and 5urroundin9 a￿a. Rlsk Management The Board of Trustees periodically conducts a review of the major rlsks to which the charÉty Is exposed and develops mitigation strategies. A statement of the major risks and any approprlate systems and procedures to mftlgate these risks are Included In the Risk Register. The l)oard recogni5es that a failure to meet revenue taryets creates a risk and a strategic plan is in Pla￿ to generate more income. The organisation is aware of its responsibilities regarding health and safety. chlld protettlon and employment law. Pa8¢ 3

Haltwhlstle Partnershlp Ltd Trustees. Report (contlnued) For The Year End•d 31 Martth 2025 Achlevements and Perforniance Ch•lrnian's Annual Report 2024125 As a Partnershlp we continue to work in collaboration with other organisations. stakeholder5. community groups and residents of Haltwhlsde and Its surrounding parishes to Create a vibrant, viable and sustsinable communtty that is attractive to visitors and resldents alike. Change is inevitsble in society. and we seek to manage it proactively for the benefft of all so that opportunlties and benefits are maximised, and risks and threats are minimised. The Partnership is very grateful to the ongoing commitment from Haltwhistle Town Counal in supporting our Older People's Project,. the Community Foundation for enabling Zigzag to continue a5 well as many other funders who contribute smaller amounts towards specific projert activitie5 induding ttbe Smith Trust. the Communlty Shops Fund and individual donors. We are also very grateful to the many people who donate goods to our communlty shops enabllng us to facllltate recycllngi reuse, provlde goods at affordable prfces. offer more volunteerlng opportunltoes and work experfence In addltlon to provldlng a fvndlng to the Haltwhlstte Communlty Shops Fund to benefit Commun￿ projects. A5 always, flnanclal sustalnablllty remains a key pdorlty for the Partnershlp and Income through property rentals enable5 U5 to maintsln a core functron so that we can contlnue to deliver on key prfiorttles. During 2024125 our projects have focused on the following: Work wlth Older P￿pIe Our Older People's projett has continued to be well supported by the older members of the community. The weekly drop in held at the Methodist Church Hall and monthly lunch dub are very muth appreciated and valued by those who attend. The Memory Cafe for dementia SLrfferers and their carers continues to grow both with its activities and number of people èttendlng. Durfng the year our Older People's Project Officer resigned due to family commitrnents, and we welcorned Heather Habbick to the team. Communlty Gardeners Our volunteer gardeners have contonued to meet weekly throughout the year to keep many public areas around the town In a good condltlon. The gardeners malntaln the two beds Just east of the cemetery entrance: the sloplng bed at the Statlon cro55road5; the Station tubs on the forecourt and platform l and the planters at the Water Tower-, the 2 long beds in front of the memorial and the triangular bed in the southeast corner; the orcular bed beside the Westgate bus stopi the Coop car park beds; the 2 beds directly behlnd the Ilbrary. the Coronation Park beds: the Lanty's Lonnen beds and the garden behind the Partnership office at Westbourne House. Their efforts are an asset to the town and provide muth enjoyment and pleasu￿ to residents and visitors. We are very grateful to them. Zlgzag Days Project This projert supporting people who feel isolated or vulnerable ft)r whatever reason has Continued to thrive arKI bulld on its prevlous succe55es showlng how valuable the projecr Is ro the community. The project started In the year 2023124 facfjlltated by the Tyne Valley Community Rall Partner5hlp (TVCRP) to research and produ a 12 posters exhlbltlon on local food In the walting room on platform l at Haltwhlsue Statyon was completed and the exhlbldon has been very well recelved by locals and vlsitors alike wlth the work belng much enjoyed by the Zlgzaggers. The group contlnue to be supported in kind ènd finanoally by a variety of organisations keen to engage with local groups. These indude the Northumberfand National Park and The Vin¢Jolanda Trust. Their I￿t extended project, researching and making models of historlc bulldlngs in the area starte(1 during the year and Is Ilkely to complete during 2026. Haltwhlstle Growlng To9ether Communlty Allotment The Haltwhistle Growing Together project has continued to operate albelt on a reduced level due to there being no pald worker in place to develop it. Trustees continued to look at fiJnding streams and ways in whlch the project could prc*gress. The project offer5 much potential, and we hope that funding will become available during 2026 to help it grow further. ststlon Adoptlon The volunteer team of Statlon Adopters condnued thelr Invaluable work openlng and dosing both waiting rooms every day as well as keeplng the waltlng rDoms and station dean and tidyi the planters watered and report and someymes repalr any damagé. Thèy are also welcomlng and helpful to passengers. We are very grateful to them and proud to support them in partneT5hlp wlth the Tyne Valley Community Rail Partnership and Northern. Renew•bles Group Members of the group continued to investigate renewable energy options throughout the year as well as fvndlng opportunitles. An application was made to the Borderlands Energy programme for funding to constnrt a 501ar farm on private land to the west of the town and adjacent to the A69. We have recently been infomed that this was unsuccessful. Funding was also sought to look at the next stage of feasibility of a scheme trj install a low head hydro devi￿ in the rover South Tyne at Featherstone. ..CONTINUED

Haltwhistle Partnershlp Ltd Trnstees. Report (continued) For The Year Ended 31 March 2025 Chalrnian's Annual Report 2024125 - Contlnued Karbon Communlty Fund for Haltwhlstle During the year all the funding was finally allocated, and the fund was d05ed at the end of March 2024. With the permission of Karbon Homes. the small amount of money that had not been spent was transferred to the Haltwhistle Community Shops Fund. Community Shops The community bookshop and generdl shop completed their second year of trading at the end of March 2025. The volunteer teams continue to contribute many hour5 of their time, their ideas and their enthusiasm to the successful operation of the shops. Both shops deal with large amounts of donations that can appear at any b.me in addition to offering a listening ear to customer5 who are in need of a that. An increase in the surplus to around £50.000 was generated this year by the opwation of the shops. Thi5 has been ring fenced in a Community Shops Fund to benefit local projects. The outcomes dellvered by this proJeLt contlnue to exceed the sum of Its parts In all respects. Haltwhistle Communlty Shops Fund A lot of work from staff and volunteers went into setting up the Community Shops Fund. During the financial year the first round of funding distributed £21.820 between 10 projects ant1 11 young people. benefith.ng the residents of Haltrrfhisde and Its 10 surrounding parishes. Property As a Development Trust we own property for a purpose. The purpose being to improve the economic, social and community provision within the town, both by being a fair, supportive and responsible landlord and to provide an income stream to help fund our core activitye5. As In prevlous years the njnning and operating of property. both residential and commercial continues to be challenging With the cosr of ongoing repair5. long term maintenance, increased insurance premiums and statutory requirements increaslng. • Hardware House Jethro's Cafe continues to ocoJpy the ground floor retail space. and the business appea￿ to be doing well. The 5 residential flats on the 2 floors al)ove and behind continue to be managed on our behalf by a commercial lettings company. Four of the flats continued to have settled tenants with just one experiencing change of resident. • Westbourne House Westbovme House comprises 2 ground floor ￿tall units together with 4 small offices and a larger meeting room over the upper two floors. Unit l on the ground floor continues to be let to a local business. the Pillar Box Café. now in their 19th year of operation. Unit 2 continued to be let to the Haltwhistle Craft Emporium which sells items produced by approximately 15 local crafters. All 3 offices on the second floor were fully let out to local businesses with the Partnership occupying the 2 rooms on the first floor. Water Tower The tenants of the Water Tower. the Tyne Valley Communlty Rall Partnership. with our support. continued to renovate and refvrbi5h the building to create a cafe. Whilst there are ongolng issues wlth palnt peellng In places. the result Is a comfortable and welcomlng cafe with both inside and outside seating. The Water Tower Cafe was opened in mid-september 2024 and continues to operate on Wednesdays through to Sundays from 10am to 4pm. The project has creafrd several part time jobs for local people and is well supported by the local community as well a5 vlsitors and those uslng the train. Produce is purchased from local suppliers where posslble. Several events have been held throughout the year. and March 2024 saw the introduction of a tnonthly market. OLsr grateful thanks are extended to all our funder5, our Trustees. our staff and our incredible volunteers without whom we would not have been able to operate the Partnership or deliver our projects. Your SUPFWt. enthusiasm and hard work Is very much apP￿￿ated. Julle Gibbon Chalrman Haltwhlstie Partnershlp

Ilaltwhlstle PJrtnershlp Ltd Trustees. Report (contlnued) For Th• Y••r End•d 31 Marth 2025 PlnanclJl Revlew Flnanclal Posltlon The total incoming resources for the year amounted to £168.884 (2024 £158.426). Of this amount £26.667 (2024 £62,415) was restricted funds for specific projects. Total expenditure was £148,635 (2024 £129.655). of whith £55.921 (2024 £68.531) was rwtrirt•d The major expendlture whlch the charity incurs is that of project expenditure, wemises costs and pmfessional fees. During the year £25.272 was spent on repairs and alteratFons on the property Portfollo to ensure all building5 meet current bullding regulations and are in a good state of repair. The total funds of the charity at 31st March 2025 were £781.309 (2024 £761,060), of whlch £709.021 {2024 £698,759) were restrlcted. Totsl unrestricted reserves increased by £9,987 In the year. Resepve$ Pollcy l. Xntroductlon Haltwhistle Partnership 5eoJres its funds from rental income, Shop trading. grants and donations. Core (general} fvnds a￿ derlved from rentsl income and management fees for community projects and shops. These income streams are by nature subject to fluctuation due to a) m48rket forces bl avallablllty of fundlng opkxirtunlyes Grants are tlme Ilmlted dependlng on the nature of the funder or fundlng progrnmme. 2. General Reserve The Trustees have set a level equivalent to six (6) months of operating costs for the organisation as a desired level of reserve. Th15 fund Is a contingency in the event of a sudden reduction in income. to protert the futu￿ operation of the oryanisètlon from the effects of any unforeseen variations in its income and expendItu￿. It is intended that this will build the confidence of our beneficiaries. funders. employees and wider stakeholders and help the Partnership meet expertations of transparency and accountability. Six key elements have been taken into conslderation to assess a realistic level of reserves. These are:_ l. An analysls of exlsting funds 2. The rellabillty of cu￿ent income sources and new income opwrtunltles 3. Expendlture on planned acknvities 4. Futu￿ needs, contlngenaes and rlsks 5. Consequences of belng unable to meet forecast needs 6. Property malntenance requlremert5 Due to a changing arKI un￿rtain fundlng environment. an unrestricted general reserve equating to 50Qh of core annual costs relatlng to governance, projert dellvery. back-office support and development work 15 considered an appropriate level of resourte necessary to function effectlvely for a perlod of 6 months, should finanaal dIfficU￿"e$ occur beyond the control of Ha1￿hiStle Partnership. These difficulties include unplanned expendthre and cash flow vatlations. Included in this general reserve will be a designated fund to cover any redundancy costs in the event of liquidation. 3. Longterni M•lrrtenance Reserve fund A Longterm Maintenance reserve fund for major unexpected and planned property repairs and improvements wlll be deslgnated as restricted funds. The buildings held wlthln the Partnership's property portfolio are old and expenslve and a reserve will help to Insulate the Pamershlp againsr unexpettea and expensive repair5. This fund shoulo tse revieweo annually to reflett rising costs. 4. Taryet for Ruerves At the end of flnancial year 2024125, the general reserves stood at £34.000. Assuming inflatitin at 5% for 2025126 and 5% each year the￿after. with no withdrawals, the target reserves are- 2024 £32,000.00 2025 £34,000.00 2026 £36.000.00 2027 £38,000.00 ..CO￿nNUEo

H•ltwhlstle Partne￿hIp Ltd TNstees' Report (continued) For The Year Ended 31 March 2025 Reser¥es Pollcy - continued The Longtem) Malntenance Reserve has decreased due to building maintenance expenses and at the end of financial year 2024125. stood at £34843. 11. Given increasing pressures on landlords and cost of building maintenance, it is ne￿SSary to Increase the reserve over the next few year5 to protect the charity in case of material expenditure or essential repairs after regulatory ompliance. We expect our general reserve investment to grow l. By organic investment growth i.e. bank interest We expert our Longterm maIntenan￿ Reserve to grow in two ways: 1. By set percentage of rental Income 2. By organic investment growth 5. Deslgnatlon of Reserves The trustees have designated reserves where there are planned comrnitments that cannot be met by antlclpated future Income alone. These reserves are broken down into a number of fijnds that relate to: l. The organisation's responsibilities to maintsin cash flow and meet unforeseen expenses. 2. The organisation's ￿ponsIbIlItieS as an employer to hokl sufficient funds to provide proper notice and redundoncy costs in the event of closure. 3. The organisation's responsibilities as a property holder and landlord to meet future repair and refurbishment commitments, Reseives must also be available to meet any dilapidation costs. 4. The oryanisation's responsibilities for appropriate disposal of a55ets in the event of d05ure. The reserves policy and the levels of reserves required are reviewed yearfy as part of the annual budgetary process. The indicative reserves {at 2024125 levels) are specified in a table as follows: Unrestrlcted Funds represented by Deslred Reserve Descrlptlon of Funds General purpose reserve fund £9.000 Funds to provide cash flow and meet unforeseen expenses. Based on approximately Six mollth5 of atbnual tUfnOVEf. Salary reserve to meet salary. maternity cover and any redundancy obligations Six month'$ 5alarie5. employers, NI contributions and Penslon scheme payments, maternity cover and Redundancy liabilities {and required notice period) based on statutory minimum payments and 50% anticipated Westbourne House costs. £18,000 Asset replacement £3,000 Provision to replace ￿ arKI furniture as required. Asset disposal £4,000 Costs involved in property disP05al Long temi Maintenance resetve Funds to fulfil lease obligations. potents.al dilapidation costs and for general maintenance and improvement induding boiler replacement. É60.000 Decisions about the use of reserves are taken by the Trustees of Haltwhistle Partnership In line with Chartty Commi55ion advice and legal requirements. Monltor and Revlew: This policy will be ￿viewed at least annually at the end of the financial year. Any major unexpected change in the financial situation {positively or negats"vely) should also trigger è review. Changes to the policy may take place before the review date, In line with updated legal requlrements. Any changes made to new pollcles will be Clrculated to all concerned. Next revlew date: June 2026

Haltwhlstle P•rtnershlp Ltd Trustees. Report (contlnued) For The Year Ended 31 Marth 2025 struthrn. Govern•nc4 and ManJ9ement Small Company Rul This report has been prepared in aCCor(Jan￿ with the speclal provlslons relatlng to companies subject to the small companies regime wlthin Part 15 of the Companies Act 2006. The trustees, report Wa5 approved by the board of trustee5 and 5￿j￿￿j on its behalf by: Date 23(1,

Haltwhistle Partnership Ltd

Independent Examiner's Report to the Trustees of Haltwhistle Partnership Ltd For The Year Ended 31 March 2025

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2025.

Responsibilities and Basis of Report

The trustees of the Company (who are also its directors for the purposes of company law), are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (“the 2006 Act”). The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.

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, it is my responsibility to:

• Examine the accounts under section 145 of the 2011 Act; - Follow the procedures laid down in the General Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act and;

• state whether particular matters have come to my attention

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 Company as required by section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view' which is not a matter considered as part of an independent examination; or

2. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

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

GilesDate StortoeVoyenw & Dodd Ltd t/a Christian494 Podd Westbourne House Main Street Haltwhistle NE49 0AZ

Page 9

Haltwhlstle Partnershlp Ltd Statement of Fln*nd•l Actlvltles (Indudlng Ineome and Ex￿ndIt￿r• Account) For Th• Yur End•d 31 M•rth 2025 2025 2024 funds funds Tgtal funds Trtal funds INCOIIIE AND ENDOWMEp¥fs FROM: Donatlons and legacles Charitable activitle5: Grants Investments Other 2,885 13,831 16,716 10,968 12.219 12.219 4,147 135,802 24.585 790 122,083 4,147 135,185 617 142,217 26,667 168,884 158,426 APENDrnIRE ON: Ralslng funds Charitable activitie5: Grants staff Costs (i) {35.281) (2,021) {14.476) (3,541) (573) (35,281) {21,4921 {16.141) (55,805) (2,438) (250) (1.484) (12.709) (21.484) (8,014} (21.385) (49,705) (2,498) {19.471) 11.665) (52,264) {1,865) {250) (1,482) (12.709) Communlty Projetts Costs Premises Office Costs Hospltallty Sundry Expense5 Professlonal FÈes Administration Fees Bank Charye5 Depreciation of Fixed Assets Bad Debts (2) [688) (11.797) (12,895) (609) (580) 1688) (688) 129) (2.319) (29) (2.319) (92,714) 155,921) (148,635) {129,6551 NEf INCOME 49.503 {29,254) 39.516 20,249 28.771 Transfers between fvnds 17 (39.516) NEf mOvEME￿r IN FUNDS 9.987 10,262 20,249 28.771 RECONCIUATION OF FUNDS: Total funds brought forward 62,301 698.759 761.060 732.289 TOTAL FUNDS CARRIED FORWARD 17 72,288 709,021 781,309 761.060 The notes on pages 13 to 20 forni part of these finandal ststements. PWID

Haltwhistle Partnershlp Ltd Comparntht¢ Statement Of Flnandaj Artlvltlu (Indudlng Incom¢ •nd Exp¢ndlture Account) For The Year Ended 31 M•rth 2025 2024 Unrestrlcted Rt5tr1ct•d fund5 funds Totsl funds Notes INCOME AND ENDOWMENTS FROMI Donations and legades Charitable activitie5: Grants 985 9,983 10,968 6,803 790 87,433 17,782 24.585 790 122,083 Investments Other 34,650 96,011 62,415 158,426 EXPEIIDITVRE ON: Char(table attlvlues: Grants Staff Costs Communlty ProJett5 Costs Premlses Office Costs Sundry expenses Professional Fees Administration Fees Bank Charges Depreciation of Fixed A55ets (21.4841 (6,443) (18.077) (18,862) 121,484) (8,014) (21.385) (49,705) (2,498) (688) (11,797) (12,895) (609) (580) (1.571) 13,308) (30,843) 12,498) (317) (9.048) (12.895) 1609) (580) (371) (2.749) (61.124) (68,531) (129,6551 INCOME 34,887 (59,508) (6.116) 59,508 28.771 Transfers between funds 17 MOVEMENT IN FUNDS (24.621) 53.392 28,771 RECONCILXATION OF FUNDS: Total hjnds brought forward 86.922 645.367 732.289 TOTAL FUNDS CARRIED FORWARD 17 62.301 698,759 761,060 The notes on page5 13 to 20 fomi part of these finanLial ststements.

H•ltwhltle Partnershlp Ltd B•l•nce Sheet As At 31 March 2025 2025 2024 UnrestrlLt•d Retrlcted fund# funds Total lund• Total fund• Nots* FIXED ASSErs Tanglble Assets 14 520.115 520.115 520.144 520,115 520,115 520,144 CURRENT ASSETS Debtors 15 1,467 77.439 1,467 266.343 6,797 238,992 Cash at bank and in hand 188.904 78.906 {6,616) 188.904 267.810 (6,616 ) 245.789 (4,873 > Credltors: Amounts F•lllng Due Wlthln One Year 16 NEf CURRENT ASSETS (LIABZLTTIES} 72,290 188,904 261.194 240.916 TOTAL ASSETS LESS CURRENT UABILrrIES 72.290 709.019 781.309 761,060 NEf ASSErs 72,290 709,019 781,309 761,060 FUNDS OF THE CHA Restrirted Funds Unrestrlcted Funds 709,021 72.288 698,759 62.301 TOTAL FUNDS 17 781.309 761,060 For the year ending 31 March 2025 the tharitable company wa5 entitsed to exemptlon from aud￿ under section 477 of the Companles Act 2006 relating to small companie5. The members have not required the charttable company to obtsin an audit in accordance wSth section 476 of the Companles Att 2006. The trustees acknowledge thelr responsibilitie5 for cOmp￿.n9 wlth the requlrements of the Art with ￿pect to accounting recorts and the preparauon of accounts. These accounts have been prepared In accordan￿ wlth the provlslons appllcable to tompanles 5ubJert to the small companles regime. On behalf of the board Dat• The notes on pages 13 to 20 form part of these finandal 5taternents. 131,-(202 Py12

Haltwhistle Partnership Ltd Note5 to the Flnancial Statements For The Year Ended 31 Marth 2025 l. General Informatlon Haltwhistje Partnership Ltd is a company limlted by guarantee. incorporated in England & Wales, registered number 03324145 and registered charity number 1062486. The w&ered office is Westboume House. Main Street. Haltwhistle. NE49 OAZ. 2. Ststement of Compllance The financial statements have been prepared in accordan￿ with the Charities SORP (FRS 102) "Accounting and Reporting by Charities: Ststement of Recommended Prattice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019). Finanoal Reporting Standard 102 Yhe Financial Reporting Stsndard applicable in the UK and Republic of Ireland- and the Companies Act 2006. 3. Accountlng Policies 3.1. Basls of Preparatlon of Flnanclal Ststements The financial staternents have been prepared under the historical cost convention. The charitable company is a Public Benefit Entity as defined by FRS 102. Assets and liabilities initially recognised at historical tost or transaction value unless otherwise stated in the relevant accounting policy notes. 3.2. Golng concern Dlsuosure Having reviewed the company's finandal position. the Trustees consider that there are sufficient funds to support the tharity in its ongolng operations. In light of the above assessment. these financial statements have been prepared on the going concern basi5. 3.3. Fund AccountlThg General funds are unre5trirted funds whith are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and or funds where trustees allocate funds for a Specific purpose. Restricted funds are funds that are to be used in accordance wlth speofic restridions imposed by donors. The aim and each of fund is set out in the financial statements. 3.4. Incoming Resources All incoming resources in the fom of cash have been induded in income. Donations and grants are credlted to the Income and expenditure account on a receipts basisi gross of income tax where applicable. Gifts in kind have been shown separately in the statement of finanoal activities and capitslised in the balance sheet at the estimated value to the charity. 3.5. Resources Expended Uabilities are recognised a5 soon as there is a legal or constructive obligation committing the charity to the expenditure. All expendlture Is accounted for on an accwals ba5É5 and has been dassffied under headings that aggregate all costs related to the category. Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiarles. It includes both costs that can be allocated dlrecyy to suth artivltles and those costs of an indirect nature necessary to 5UPPOrt them. Support Costs Support costs Include central fvnctions and have been allocated to actovlty cost categorfes on a ba51s consistent with the use of resources, for example, allocating property costs by floor areas, or per capita. staff costs by the time spent and other costs by their usage. Irrecoverable VAT Irrecovernble VAT is char98d a9ainst th• category of resources expended for which it was incurred. Pa8e 13

Haltwhlstle Partnershlp Ltd Notss to the Flnanclal Statements (continued) For The Year Ended 31 March 2025 3.6. Tan9lbl• Flx•d Assets and Depredatlon Tanglble flxed a55ets are measured at Cost less accumulated depreoavon arbj any accumulated Impalm)ent losses. Depreciation Is provlded at rates calculated to write off the cost of the fixed assets. less their estimated ￿Idual value. over their experted usefvl Ilves on the following bases: Flxtures & Flttlngs 20% reducing balance The estlmated residual value of Land and Bulldlngs Is estimated to be the current net book value. 3.7. St¢>cks and Work In Progress Stocks and work in progress are valued at the lower of cost and net realisable value after maklng due allowance for obsolete and slow-movlng Stoths. Net realisable value is based on selling price less antiopated o)sts to completion and selllng costs. Items donated for resale or dlstrlbution are not included in the financial statements until they are sold or dlstrfbuted. 3.8. Cash and Cash Equlvalents Cash and cash equivalents are basic finanaal assets and indude cash in hand and deposits held at call with banks, Other short-term highly liquid investments that mature in no more than three months from the date of acqui51tion and are readilv convertlble to a known amount of cash with Inslgnlflcant rfsk of change In value. and bank overdrafts. 3.9. Flnandal Instruments Financial assets and financial l¥abilities are recognised when the charity becomes a party to the contractual provisbons of the instrument. Financial liabilities and equity instruments are da5sified according to the substance of the contractual agreement ente￿d into. An equity instrument is any contract that evidences a residual Inte￿Sted in the assets of the tharity after deducb'ng all of its liabilities. All finanaal assets and liabilities are initially measured at transaction price (induding transaction costs). except for those rinancial assets dassified at fair value through profft or loss. which are initlally measured at fair value (which is nomially the transaction price exduding transaction costs), unle55 the arrangement constitutes a financing transaction. If an arrangement constitutes a finanang transaction, the financial asset or finanoal liability is measured at the present value of the future payments dlscounted at a market rate of Interest for a slmllar debt InstnJmenL 3.10. T•xatlon The charity is considered to pass the tests set out in paragrnph I schedule 6 of the Finan￿ Att 2010 and therefore meets the definibon of a charitable company tor UK corporatfion tax purpose5. Accor(Ilngly. the chanty Is potent(ally exempt from taxation in respect from income or capital gains recelved within categorres covered by Chapter 3 Part I l of the Corporatton Tax Act 2010 or Settion 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied excluslvely to charitable purposes. 3.11. Trnde Debtor4 Trade debtors are amounts due from customets for merchandlse 50kl or 5ervlce5 perfomied In the ordlnary course of buslness. Trade debtors a￿ recognised inltially at the transathon prlce. They are subsequently measured at amOr￿Sed cost uslng the effective Fnterest method, less provision for Impalrment. A provlslon for the IM￿lment of trader debtors is estsbllshed when there is objective evidence that the charity wlll not be able collect all amounts due accordlng to the orlglnal tems of the recelvables. 3.12 Cash and cash equlvalents Cash and cash equivalents comprise cash on hand and call deposits. and other 5hort-term hlghly Ilqukl investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change In value. 3.13 Ll•bllltles Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppllers. Attounts payable are da5sified as current liabilities if the charity does not have an unconditional right, at the end of the accounting period, to defer settlement of the creditor for at least twelve months after the ￿pOrtIng date. If there Is an unconditional rfght to defer sethement for at least twelve months after the reporting date. they are presented as non-ojrrent liabillties. Trade credltors are recogn15ed Inltlally at the transactlon prlte and subsequently measured at amortlsed cost uslng the effertive interest method. P*Be 14

Haltwhlstle Partnership Ltd Notss to the Financlal Statements (contlnued) For The Year Ended 31 March 2025 4. Income from Donations and Legacies 2025 Unrestricted Restrlcted Totsl funds funds funds Donations and glfts 2,885 13.831 16,716 2024 Totsl funds Unrestrlrted Restrirt¢d nd$ funds Donations and gifts 985 9,983 10,968 5. Znvestment Income 2025 Unrestrlcted Unrestricted funds funds 2024 Bank interest receivable 4.147 790 6. Other Income 2025 Unrestrirted Restricted funds funds Totsl funds Rental and other Income from property Other Income 47.394 87.791 47,394 88.408 617 135,185 617 135,802 2024 Unrestrlcted Restricted funds funds Total lunds RÈntal and other intt*mÈ from propèrty Other income 10.2SO 77,183 33.046 1.604 43.296 78,787 87,433 34,650 122,083 7. Government Grants Government grants recognised in the accounts were as follow5: 2025 2024 Haltwhistle Town Coundl Northumbedand County Council 6.219 6.500 350 6,219 6,850 p•￿ 15

Haltwhistle Partnership Ltd Notss to the Financial Statements {contlnued) For The Year Ended 31 Marth 2025 8. Net Incomel(Exp•ndlturn) The net income is stated after charylng/(credlting): 2025 2024 Bad debts Depreciation of tsngible fixed assets - owned 2.319 29 580 9. Analysls of Expendlture 2025 Grant fvndlng of artlvities Support Totsl Raising funds Grants Staff Costs Community Projects Costs Premises Offlce Costs Hospitslity Sundry Expenses Professional Fees Bank Charges Dep￿cIatIon of Fixed Assets Bad Debts (i) (i) 35,281 21,492 16,141 55,805 2.438 250 1,484 12,709 688 29 2,319 35,281 21,492 16,141 55.805 2.438 250 12,709 29 2,319 35,281 113,354 148,635 2024 Grant funding of actlvltles Support Total Grants Staff Costs Community Projects costs Premlses Office Costs Sundry Expenses Professional Fees Admlnistration Fees Bank Charges Depreclation of Flxed Assets 21.484 21.484 8.014 21,385 49.705 2.498 688 11.797 12,895 609 8,014 21,385 49.705 2.498 688 11.797 12.895 609 580 580 21.484 108,171 129,655 Page 16

Haltwhlstle Partnership Ltd Notes to the Financlal Statements (contlnued) For The Year Ended 31 Marth 2025 XO. Independent Examlner's Remuneratlon 2025 2024 Independent examination of the flnanaal statements Other assurance servi￿5 Tax advisory services Other financial servi 850 850 850 850 11. staff Costs Staff costs were as follows.. 2025 2024 Wages and salaries 21.492 8,014 No employees received employee benefits (exdudlng employer pen5i0n costs) for the reporting period of more than £60,000. 12. Avern9e Number of Employees Average number of employees during the year was: 2 (2024: 2) 13. Funds Recelved As Agent The following restricted funds were held by the tharity on behalf of other local organisats'ons: Hlstory Soclety £198 Asatol Aprll 2024 Amounts recelved Amounts pald out Asat31 Marth 2025 14. Tanglble Assets Land & Property Freehold Flxtures Flttin9S Torai Cost As at l April 2024 520.000 101,952 621,952 As at 31 March 2025 520.000 101,952 621,952 Depreclatlon As at l April 2024 Provided during the period 101,808 29 101,808 29 As at 31 March 2025 101,837 101,837 Net Book Value As at 31 March 2025 520,000 115 520, 115 As at l April 2024 520,000 144 520,144 Page 17

Haltwhlstle Partnershlp Ltd Notes to the Flnanclal Statements (contlnued) For The Year Ended 31 March 2025 15. Debtors 2025 2024 Due wlthln one year Trade debtors 674 793 3,859 2,938 Other debtors 1,467 6,797 16. tr•d￿•r$. Amounts F•lllng Du• Wlthln On• Year 2025 2024 Trade credltors Other creditors Taxation and social security ACC￿￿1$ and deferred Income 1.137 1.165 491 3.823 162 500 794 3,417 6.616 4,873 17. Movement In Funds Ag at i Aprfl 2024 at31 Expendltuve Trnnsfars Marth 2025 Income Unrestrl¢W funds General: General unrestricted fund 62.301 55.079 31,460 55.678 (73.982) (8,929) (9,803) 28,890 (22.5311 145,8751 72,288 Community Book Shop Community Shop General Total unrestrlrted funds 62.301 142,217 (92.714) (39.516) 72,288 Restrlcted funds Westbourne House Hardwa￿ House Water Tower Flxtures and Flttlngs Community Projects Community Shops Fund Karbon Fund Hlstory Soclety General Reserves Long Term Maintenance Strategic Development Community Shops Long Term 195,000 300,000 25,000 144 195,000 300,000 25,000 115 23,029 65,563 282 (29) (19.069) (20.562) (16,178) 23.164 40,000 20.497 198 30.000 44,756 20.000 24,667 2.000 (5,733} 44.125 (4,037) 198 4.000 (9,913) 34.000 34.843 19.917 11,074 (83} 11.074 Total restrlrted funds 698.759 26.667 {55,921} 39,516 709,021 Total funds 761,060 168,884 (148,635) 781,309 Page 18

Haltwhistle Partnershsp Ltd Notes to the Flnancial Statements (conttnued) For Tho Year Ended 31 Marth 2025 As at i Aprfl 2023 Asat31 Expendlture Transfers March 2024 Income Unvestrlcted funds General- Generol unre5trieted fund B6.92Z 22,673 24.047 49,291 (34,493) (11,719) (14,912) (12.801) (12,3281 {34.3791 62,301 Cornmunity Book Shop Cornmunity Shop General Total unrestrlcted funds 86.922 96.011 (61.124) (59.508} 62,301 Restricted funds Westbourne House Hardware House 102.181 443,660 92.819 (143.660) 25,000 144 195,000 300,000 2S.000 144 Water Tower Fixtures and Fittings Community Projects Community Shop5 Fund Karbon Fund History Society General Reserve Long Terni Maintenance Strategic Development Renewables Tees Valley Comblned Authority Volunteering 26.323 1.233 42.231 21.790 8.637 (22.481) (2,468) 30.130 23,164 40,000 20,497 198 30,000 ,756 20,000 (21,734) 50,083 (21,316) 1,233 31.203 13,553 20,000 3,000 4,602 (3,000) (4,602) 590 (590) Total restrlcted funds 645.367 62.415 (68.531) 59,508 698,759 Total funds 732.289 158.426 (129.655) 761,060 18. TransaLtions wlth Trustees None of the trustees received any remuneration or any other benefits from an employment with the tharity or a related entity during the current or previous year. During the year the expenses reimbursed to the trustees or paid directly to third parties were as follows: 2025 2024 Travel 35 Number of trustees reimbursed for expenses during the year was l (2024: 0) 19. Related party Dlsclosures There have been no related party transactmins in the reporting period that require disdosure. except for those disclosed in the Transartions with Trustee5 note. Pa8e 19

Haltwhlstle Partnershlp Ltd Motes to the Flnanclal Ststements (contlnued) ForThe Yoar End•d 31 Marth 2015 20. Company Ilmlted by guarantse The company 15 Ilmlted by guarantee and has no share capotal. Every member of the company undertakes to contribute to the assets of the company. in the event of a winding Upi such an arnount as may be required not exceeding £1. Pw20