Charity re8lStration number 1068064 Company reglstration number 03488288 (England and Wales) DELTA-NORTH CONSETh LIMITED ANNUAL REPORT AND FINANOAL STATEMENTS FOR THEYEAR ENDED 31 AUGUST 2024 DELTA- NORTH CONSE￿ LIMITED LEGAI AND ADMINISTRATIVE INFORMATION Tru5tee5 Mr A Wat50n Mr R F Tyerrrnan Mr A Gallagher B A 5alkeld Mrs A Scott Rev P Sinclair Mr R Convery Mr M Innes Mr l D Shield Mr J Underwood Secretary Mr P Hillary Charlty number 1068004 Company number 03488288 Re815tered office YMCA Parliament street Conseii Co Durham DH8 5DH Audltor rc Group 12 Bessemer Court Hown$8111 Industrf¥l Park Knitsley Lane Con5ett Co Durham DH8 7BL DELTA- NORTH CONSE￿ LIMITED CONTENTS Page Tru5tees' report Statement of Trustees. responsibilities Independent auditor's report Statement of flnancial activitles io Balance sheet li Statement of cash flows 12 Notes to the financial statements 13-27 DELTA- NORTH CONSE￿ LIMITED TRUSTEES, REPORT (INCLUDING DIRECtORS' REPORTI FOR THE YEAR ENDED31 AUGU5T2024 The Trustees present their annual report and financial statements for the year ended 31 August 2024. The linanciol stoternent. have been prepared in occordance with the uccountinE policies Jet out in note I to the financial staternent5 and cotnply with the Charity'5 governing doiument. the Cornpanie5 A£t 2006 and 'Accounting and Reporting bv Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard appli£able irb the UK and Republic of Ireland IFRS 1021 lelfective l January 20191 Objectives and activit12S To provide or a551St in the provision of social wellare or facilitie5 lor recreation, education, training, leisure and advice lor rnen, women and young people Kiith the object of improvin8 their conditions of life. To provide. improve and rnanage housing and our a¢tivily hostel accomrnodalion for men and women of all ages upon 18rms approprlate to their means, Public berjefit The Trustees have paid due regard to guidance issued by the Charity Comrnission in deciding what activiries ihe Charitv should undertake. Achlevements and performance gnifiiant octivitie5 on41 acl?ievenientS 0goin5t objective5 We have agaSn seen some changes wlthin our Curriculum and Teaching and Learnln8 since Septernber to best Impact our students. rhis has included the expanslon of our Outdoor learnlng currlculum vla the Duke of Edinburgh's Award. Mental He31th and Safeguardihg remain a huge and intreasingly diffitult area of our role hère at Delta Independent School and we continLJe to work close with all pupils to make sure we are meeting not only the statutory requirenknts, but the students, needs throughout their time here 8t Delta. We are still workSng in partn*rship with our local Multi Academy Trust working towards the proposed Trust academlsation and continues to be an Alternative Provision as pari of ihis, The future of Delta Independent School looks bright, and we are excited to continue to see the development 3nd growth of our School throvghout the next financial and academic year, DELTA- NORTH CONSE￿ LIMITED TRUSTEES, REPORT (INCLUDING DIRECtORS' REPORTI ICONTINUEDI FOR THE YEAR ENDED31 AUGU5T2024 Prlnces Trust Team The Prince5 Trust Team Program at Delta North Consett Ltd is 3 12-week motlV3tional arid 5elf-development COUT5e for young people aged 16-25 who are strugglingto reach their full potential. The course aims to help young people achieve a P051tive outcome, such as further education, employment, or volunteering. Over the 12 weeks, siudents can complete a nationally recognised qu31ification at Award Level l or 2. depending on their Individual needs. Although the course is short, it is packed with activities that challenge students, includlng a residential experience, community project, team challenges, and a final presentation. The program has seen an increase in the number of students with menial health and safeguarding needs sinte the return lo post-pandemic life. Staff have worked extremely hard to support students with both their studies and any personal issues. The program has a strong working relationship with its partner colleges. Derwentside College and Stockton Riverside College. This allows rhe program to run teams across Durham and rhe local area. The program 15 constantly evaluating emerging areas of need and looking to expand its provision to meet the targets set by Its fundin8 colle8e5. Princes Trust staff are a150 cornmitted to their professional development, Hostel,. Since the Covld-19 pandemic the doors ol our hostel ￿ntInUe to rernain closed. There are currently no plans to reopen. Delta North Con5ett Llmlted Bomlns Club Consett Delta ABC has continued to be well attended and an increasingly busy part of the Charity with the number5 of young people and older people showing interest ii)creasing monthly. Since the reopening we have seen a substantial increase of young people wanting to attend our gyrn and we have some exciting plans for the future ol Delta ABC. Hnanclal revlew Reserves policy 11 is Ihe policy of the charity that unrestricted funds which have not been desi8nated for a specific use should be maintained at a level equlvalent to berween three and six month's expenditure. The charlry deterrnlnes that reserves ar this level will ensure that, in the event of a significant drop in fundin8, they will be able to continue the current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year. DELTA- NORTH CONSE￿ LIMITED TRUSTEES, REPORT (INCLUDING DIRECtORS' REPORTI ICONTINUEDI FOR THE YEAR ENDED31 AUGU5T2024 Investmentpoliry The Charity holds investments in order to generate cash should the Charity be in need of it. Majorri5ks The Trustees have assessed the major rlsks to which the charlty is exposed, at)d are satisfied thJi systems are in place to rnitigate exposure to the major risks. Structurei governance and mana8ement The Charity is a company limited by guarantee. Chalrman - Mr A Wat50n General Mana8er- Mr N Curran Mr A Watson Mr R R Tyerrman Mr A Gallagher A Salkeld Mrs A Scott Rev P Sinclair Mr R Convery Mrm InnÈs Mrj Oshipld Mr l Underwood Recruitment and oppointment of trustees The Trustee5 are recruited from the local area, from bu5ine55'5 and community groups that have the skills to help and develop the Charity. Lotal ¢oun¢illors are alsts invlted to join the board of irustees. On appointment, the Trustees receive a tru51ee5' pack that outlines the aims and objectwes ol the charity and the role of the trustees. Further training 15 given when appropriate. Qigonisutio,•ol stru¢tuie Day to day running of the charity 15 the responsibility of the General Manager, Neil Curran. The school principal Paul Hillary, rpports directly to the General Manager. The Charities finances are the responsibility of the General Manager and Board of Trustees. Decisions are made by trustees at quarterly board meetin8s, based upon a majority vote, DELTA- NORTH CONSE￿ LIMITED TRUSTEES, REPORT (INCLUDING DIRECtORS' REPORTI ICONTINUEDI FOR THE YEAR ENDED31 AUGU5T2024 RemunerÉ7tlDn policy No Trustees receive any remuneration. Audltor In accordance with the company's articles. a resolution prop051n6 that TC Group be reappolnted as audltor of the company will be put at a General Meeting. Public BenefSt Statement The Trustees have had regard to the Charity Comrnission's public benefit Buidance and have taken It into aecount V4hen rnaking a decision to which the guidance is relevant. Goin8 Concern Distlt*sur@ of Information to audltor Each of the frustees has confirmed that there is no information of which they are aware which is relevant to the audit, but of which the auditor is unaware. They have further confirmed that they have taken appropriate stèps to Identify such relevant inforrnation and to establish that the auditor is aware of such inforrnation. The Trustees, report was approved by the Board of Trustees. MrA Wat50n Chalmian 30 May 2025 DELTA- NORTH CONSE￿ LIMITED StATEMENT OF TRUSTEES, RESPONSIBILttlES FOR THE YEAR ENDED31 AUGU5T2024 The Trustees, who are also the directors of Oelta North Consett Limited for the purpose of company law, are responsible for preparing the Tru5tee5' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards junited Kingdom Generally Accepted Accounting PractKel. Company requires the Trustees to prepare financial statements lor each linancial year which give a true and fair vievi of the state of affairs of the Charily and of the incomin8 resources and application of resources, including the income and empendlture. of the charitable company lor that year. In preparing these financial statement5, the Trusrees are required ro= select suitable accounting policies and then apply them consistentlv.. observe the methods and principles in the Charities SORP,. make judgements and estimates that are reasonable and prudent,. Stale whether applicable UK Accounting Standards have been followed, subject to any material departure5 di5clo5ed explained in the financial statements.. and prepare the financial statements on the going concern basis unles5 St is inappropriate to presume that the Charity will contlnue In operailon. Thè Trustees are résponsible for keeplng ad•quatÉ aceountlng record$ that disclose wlth reasonablè accuracy at arny time the financial position of the Charity and eiiable them to ensure that the financial statement5 comply with the Companies Act 2006. They are a150 responsible for 5afe8uardin8 the a55et5 of the Charity and hence for taking reasonable 5tep5 for the prevention and deteCt￿n of fraud and other irregularities. ststement as to dlsclosure to our audltors In so far as the Trustees, who are also dlrectors of the charltable cornpany for the purpose of company law, are aware at the time of approving our Trustees, annual report,, ol which the charitable coNpany's auditor is unaware, and the directors, hivin8 made such enquiries ol fellow direttors and the charitable Company's auditor that they oughi to have made, have each taken all steps that they are obllged to take as o director in order to make themselves aware of any relevant audlt Inlormatlon and to establlsh tha1 Ihe audlror Is aware of that Informarlon. DELTA- NORTH CONSE￿ LIMITED INDEPENDENT AUOITOR'S REPORT TOTHE TRUSTEESOF DELTA- NORTH CONSE￿ UMITED Oplnlon We have audited the financial sratements of Delta - Norrh Consett Limired (the 'Charity'j for rhe year ended 31 August ?024 which comprise the statement of financial artivitie5. the balance sheet, the statement of cash flow5 and notes to the financial statements, including significant actounting policies. The finèncial reporting framework that has been applied in their preparation is applicable13w and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Finonciol Reportin9 Stondardopplicoble in the UK tsnd Republic of Irel(Jnd (United Kinsdom Generally Accepted Accounting Practicel. In our opinion, the financial statements.. give a true and fair view of ihe state ol the charitable company's affairs as at 31 August 2024 and of its incoming resources and application of resources, including it5 incorne and expenditure, for the year then ended., have been properly prepared in accordance v41th United Klngdom Generally Atteoed Accounting Prattl¢e- and have been prepared in accordance with the requirements of ihe Companies Act 2006. Basls for oplnlon We conducted our audit in accordance with International Standards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilities under Ih05e standards are further described in the Auditors rgsponsibilitiesfor the oudit ol the financial sttitements section of our report. We are independent of the Charty in accordance with the ethical requirernents that are relevant to our audit ol the financial statements in the UK. including the FRC'S Ethical Standard. and we have fulfilled our other ethical re5pon5ibilitie5 in aciordance with these requirement5. We believe that the audit evidence we have obtained is suff icient and appropriate to prDvide a basis for our opinion, Concluslons relatln8 to 8oln8 concern In auditing the linancial statements, we have concluded that the Trustees, use ol the going concern basls of accounting in the preparation of the financial Statements is appropriate. Based on the work we have performed, we have not identified any material uncertaintie5 relating to events or condition5 that, individually or collectively, rnay cast significant doubt on the Charity's ability to continue as a goin8 concern for a p&rlod of at least twel¥@ mtsnths from when the Ilnanclal stat*mént5 ère authorised for ISSUÈ. Our responsibilities and the responslbi15ti*s of the frustets wlth respect to going concern are describèd in the r*levant 5ection5 01 thi5 report. Other information The Dther information comprises the information included in the annual report other than the financial staternents and our auditor's report thereon. The Trustee5 are responsible lor the other information contained within the annual report. Our opinion on the financial statements dues not cover the other information and, emcept to the extent otherwise explicitlv stated in our report, we do not expres5 any lorrn of assurance conclusion thereon. Our re5ponsibilily is to read the other information and. in doing 50, consider whether the other information 15 materially incon515tent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify guch matÈrial intonsistenciès or apparent matÈri31 misstatÈtllents, wè are required to deterrnine whether this 8ives rise to a material misstalement in the financial statements themselves. If, based on the work,Ne have performed, we tonclude that there is a marerial misstatement of this other informatlon, we are requlred to report rhat fact. We have norhin8 to report in this regard. DELTA- NORTH CONSE￿ LIMITED INDEPENDENT AUOITOR'S REPORT ICONTINUEDI TOTHE TRUSTEESOF DELTA- NORTH CONSE￿ UMITED Oplnlons on other matters prescrlbed by the Companles Act 2006 In our opinion, based on the work undertaken in the course of the audit.. the inforrnation given in the tru5tee5' report for the flnanclal yèar for which the flnanclal statements are prepared Is consistent with the financial statements,. and the tru5tees' report ha5 been prepared in accordance with Ihè applicable legal requirements. Opinions on other matters prescribed by the Companies Act 2006 In our opinion. based on the work undertaken in the course of our audit.. the information 8iven in the Trustees, report for the financial year for which the finanrial statement5 are prepared, which includes the director5, report prepared for the purpose5 of company law, is consistent with the financial statements., and the director5, report Included wiihin the Tru5tees' report has been prepared In accordance wlth appliiable lesal requirements. Matters on which we are required to report by exception In thè light of the knowledgè and understanding of thè Charity and its environment obtained the course of thÈ audlt, we have not identified material mi5ststements in the direcrors, report included within the Trustees, report. We havg nothln8 to r•port In r•spgct of the lollowlng matters In rélation to which the Companles Act 2006 requires US to report to you if, in our opinion.. adequate accounting records have not been kept, or returns adequate lor our audit have not been received from branches not visited by us,. or the financial statements are not in 48reement with the a¢counlin8 records and returns,. or certain disclosures ol trustees, remuneration specified by law are not made,. or we have not recelved all the information and explanations we require fDr our audit.. or the Trustees wèrÈ not entitled to proparÈ the flnancial statèments in accordantè wlth thè small companiès regime and take advantage of the small companies, exemption5 in preparing the frustees, report and from the requirement to prepare o strategic report. Responslbllltle$ of Trustees As explained more fully in the statement of Trustees, responsibilities. the Trustees. who are also the directors of the Charity for ihe purpose of company law, are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and lor such internal control as the Tru5tee5 determine 15 necessary to enable the preparation of financlal statements that are free from matÈrlal mi55tatÈment, whether dLJ2 to fraud or error. In preparing the financial statement5, the Trustees are responsible for assessing the Charitii's ability to continue as a going concern, disclosing. as applicable, matter5 related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do 50. Audltor'5 re5pon51billties for the audlt ol the financlal statements Our objectives are to obtain reasonable assurance about whether rhe financial statements as a whole are free from rnaterial misstatement. whether due to fraud or error. and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAS IUKI will always detect a materièl mi55tatement when it exists. Misstaternents can arise from fraud or error and are considered material if, individually or in the aggregate. they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. DELTA- NORTH CONSE￿ LIMITED INDEPENDENT AUOITOR'S REPORT ICONTINUEDI TOTHE TRUSTEESOF DELTA- NORTH CONSE￿ UMITED Irregularities, including fraud, are instances of non-compliance with laws and regulations, The extent to which our procedure5 are capable of deterting irregularities, including fraud, is detailed below. Extent to whlch the audlt was consldered iapable of detectln8 Irre8ularltle5, Includlng fraud The objectii'e5 of our audit, in respect to fraud, are.. to identify and a55esS the ri5k5 of material tniSStatement of the financial statements due to fraud,, to obtain sufficient appropriate audit evidence regarding the assessed risks of material niisstatement due to traud, through designing and implementing appropriate re5pon5e5.' and to respond appropriately to fraud or suspected fraud identified during the audit. However, the primary re5ponsibilit¥ lor the prevention and detection of fraud rests with both those charged with governance ol the entf(y and it5 m3nagernent. Our approach was as follows.. We identified areas of laws and regulations that could reasonably be expected tts have o maierial èffett on the Ilnancial statements from our general commerclal and Sector experience, and through discussion with rhe trustees and management la5 required by auditlng standardsl, and discussed wlth the trustees and management the polScie5 and procedures regarding compliance with laws and regulations- We considered the legal and regulatory frameworks directly applicable to the financial statements reporting framework IFRS 102 and the Companies Act 2006, the Charities Act 2011 and Ofsted regulations) and the relevant tax compliance reÈLJlations in the UK,. We considered the nature of the industry, the control environrnent and the Charity's performance,. We communicated identified laws and regulations throughout our team and remained alert to any indications of non-iornpliance throu8hout the audit,. We ton51dered the proctdure5 and controls that the Charlty has e5tabllshed to addre55 rlsks Identlfled, or that otherwise prevent, deler and detect fraud., and how management monitors those pro8rammes and controls. eased 01) Iliis und¥rslal)ding we d*sign*d vui audil pruiedui*s Lv id¥riiify ni)i)-LUITipliaiiLe wilh 5ULh laws and r*6ulaiiviis. Where the rlsk was con51dered to be higher, we performed audlt procedures to address each Identified fraud risk. These procedures included.. testing manual journals,. reviewing the financial statement disclosures and testing to supporting documentation- performing arnal￿1¢al procedures,. and enquiring of management, and were designed to provide reasonable assurance that the financial statements were free frorn fraud or error. Owlng to the Inherent limitations of an audil, there Is an unavoidable risk that we may not have detecied some material rnisstatements In the financial statements. even though we have properly planned and performed our audlt in accordance with audiring siandards. For example, the further removed non-compliance with laws and regulations lirregularitiesl is from rhe events and transartlDn5 reflected in the financial statements, the less likely the inherently limited procedures required by auditing standards WDLJld identify it. The risk 15 21so greater regarding irregularities occurring due to fraud rather than error, as fraud involve5 intentional concealment. forgery, collusiDn. omission or misrepresentation. We are nDt responsible for preventing non-compliance ènd cannot be expected to detect non-compliance with all laws and rgEulations. DELTA- NORTH CONSE￿ LIMITED INDEPENDENT AUOITOR'S REPORT ICONTINUEDI TOTHE TRUSTEESOF DELTA- NORTH CONSE￿ UMITED A further description of our responsibilities is available on the Financial Reporting Council's website at.. httP5'.//www.frc.orE.uk/Dur-WorklAudiVAudit-and-a55urancelstandards-and-guidancelstandards-and-guidance-forauditor5 /Auditorsresponsibilities-lor-auditlDescription-ol-auditors-responsibilities-lor-audit.aspx. This description forms part of our auditorf5 report. Use ol our ieport This report 15 made solely to the charitable company's trustee5, as a body, in 8ccordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit WDrk has been undertaken so that we rnight statè to the charity's trustees those matters we are required to state to them in an auditorfs report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibillty to anyone other than the charltable company and Its trusrees as a body, for our audit work, lor this report, or for the opinions we have formed. Use of our ieport This report Is made solely to the Charity's members. as a body, In accordance with Chapter 3 of pari 16 of the Companles Act 2006. Our audit work has been undertaken so that we mlght state to the Charity's members those malters we are required to state to them in an auditor's report and for no orher purpose. To ihe fullesr extent permitred by law, we do not 4ccept or as5uine re5pon5ibility to anyoi)e other than the Charity and the Charity'5 member5 as a body, for our audit work, for thls report, or for the oplnions we have formèd. Mark Hunter FCA (Senlor Statutory Audltorl for and on behalf of TC Group 30 May 2025 ststutory Audltor 12 8e5semer Court Hownsgill Industrlal Park Knllsley Lane ConsÉtt Co Durham DH8 78L DELTA- NORTH CONSE￿ LIMITED StATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED31 AUGusf2024 UnrestrScted Restrlrted Total Unrestrlrted Restrlcted Total funds fund5 funds fund5 2024 2024 2024 2023 2023 2023 Notes Income and endowments Irom: Donation5 3nd legacie5 Charitable activities 4,563 1,467,410 13 4,563 1,467,410 13 1,609,871 32 1,609,871 32 Investmenis other incorne 9,365 9,365 28,300 28,3CKI Total Sncome 1,619,268 1,619,268 1.50D.286 1,500.286 Expendlture on: aislng funds Charltable activitles other expenditure 2,004 1,782,000 4,450 1.675 1.679,216 3,710 1,675 1,693.856 3,710 13,183 1.795,183 4,450 14.640 Totsl expendltur• 1,788,454 13.183 1,801,637 1,684,601 14,640 1,699.241 Net gainslllossesl on Investmonts 13 2,212 2,21S 3,021 3.021 N•t pxpendltur• and fflovamqnl In funds 1166,9681 113.1831 1180.1511 1181,2941 114,6401 119S.9341 Re¢on¢iliatitrn of funds: Fund balances at I September 2023 1,270,701 451,915 1,722,616 1,451,995 466,555 1,918.550 Jnd balances at 31 August 2024 1,103,733 438,732 1,542,465 1,270.701 451,915 1,722.616 The statement of finawial activities includes all gains and losses recognised in the year. All in¢ome and expenditure derive from continuin8 activities. 10- DELTA- NORTH CONSE￿ LIMITED BALANCE SHEE[ A5AT31AU6UST2024 2024 2023 Noles xed a55ets Tangible assets Investments 15 16 1.103,928 116,778 1,129,613 104.560 1,220,706 1.234,173 Current assets Debtors Cash at bank and in hand 17 216,231 198,092 294,820 413,439 414,323 708.259 Credltors: amounts falllng due wtthln one year 19 192,5641 1219.8161 Net current assets 321,759 488,443 Totsl assets les$ current IlabSlltles 1,542,465 1,722,616 N•t a$$4ts gx