Company registration number. 04187356
Cljarity rcgistratioll Dumber. 1092043
Kielder Ltd
(A company limited by share capital)
Annual Report and Financial Statements
for the Year Ended 31 March 2025
TYNEREDE
'.Ic

Kielder Ltd
Contents
Reference and Administrative Detsils
Strdtegic Report
Trnstees, Report
3to4
IndependEnt Exatnlncrfs Report
Stat¢ment of Financial Activiti¢s
Balance Sheet
Notes to the Ftnancial Statements
8t016

Kielder Ltd
Reference and Administrative Detalls
ChArity Registration Number
1092043
Company Registration Number
04187356
The charity is incorporated in England and Wales.
Unit 5 Rivern]ead
Butterhaugh
Hexharn
Northumberland
NE48 IHX
Registered Office
Principal Offiee
Unit 5 Rivetmead
Buttethaugh
HexhaTn
Northumberland
NE48 1 HX
tndependent Examiner
TyneRede Accountancy Ltd
Lloyds Bank House
Bcllingham
Hexham
Northumlxriand
NE48 2AZ
Page I

Kielder Ltd
Trustees, Report
The trustees, who are directors for the purposes of company law. present the annual report together with the
rinancial State1￿￿ts of thc charitsble company for th¢ year endcd 31 Mawh 2025.
Objectives and Activitfies
Obje¢ts andaim5
The promotion for public benefit of nwal regeneration in areas of social and economic deprivation particularly
with the Parisb of Kielder.
Objectivu, slrattgies and acliwiies
Througb our trading company, Kielder Valley Services we provide low￿0St accommodation for visitors lo the
arc& and ¢tllployinent for local pcople by running a ¢ampsitc leasd from the Forcsty Commission. The
campsite is popular and gettiug good reviews with a lot of repeat trade. We own and a Garage dispensitig
el which is the only SOUTCC of Petrol and Diesel open seven days a week in the surrounding area. Il continu¢s
to rneet its sustainable income target. The attached premises are le&scd to a tenant who operates a 8arage
workshop and local vehicle ttcovery seryice, as ￿1] as n]nning a small shop providing cssential groceries. W¢
lease a workshop which acts as our office and is also ￿ed as a ￿￿tIng plaec for the local community.
As Irustees we continu¢ to explore other opportunities to benefit the area and its people.
Public benefit
The tr￿teeS confirni that tlw have complied wtth the Tequiremenls of section 17 of thc Charities Act 2011 to
have due regard to the public benefit guidhnce published by the Charity Con￿al￿10n for Eng]aDd and Wales.
Trnste¢$ and o￿leeTS
The tTUStees and officers serving during th¢ year and since thc year end werc ￿ follow$:
Trustees:
MiGhael Ryan
Stepben Webb
Carl EaTsman
Julie Haffison (appointed 4 June 2024)
Secretary..
S Riley
Structurey governance and maDagement
Nathré ofgoverning documen¢
The Charity is a company Limiled by guarante4 tntss are volunleers from the local area and receive no
bencfits for th¢ir role itE the Charity.
Statement of Trnstees, Responsibilitie5
The trustees (who are also the directo￿ of Kielder Ltd for the purposes of company law) are respoDsible for
prcparinE Ibe tr(LSt¢es' report and the fllwncial sLqleJn¢Dts in accordance wiib the Uniled Kingdom Accounting
Standards (Unitcd Kitlgdom Gcllerauy Accept¢d Accounting Prnttice) and applicablc law alld regulations.
Page 3

Kielder Ltd
Trustees, Report
Company law requiT¢S the trustees to prepare financial ststements for each financial year. Under cornpany law
the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view
of the state of affairs of the cbaritable company and of its incomirLg resources and application of resources,
including its income and expenditure. for that period. In Prep￿illg the￿ filloncial statements. the trus*es are
required to:
sele¢t suitabl¢ accounting policies and apply them consistentty.
observe the methods and principles in the Charities SORP.
make judgements and estimates that arc rea8onable and pnKlenL
state whethcr applicable UK Accounting Standards have been followe(L subject to any Mat￿tal departures
disclosed and explained in the financial ￿81¢￿ents. at)d
prcwdre th¢ fil￿n¢]81 statements on the going LThcern basis un[L￿S it is inappropriat¢ to Presu￿ that thc
¢haritsble company will continue in business.
The tnjstees are responsible for keeping adequat¢ accounting records that are sufficient to show and explain the
charitable company's transaction5 and disclos¢ with reasonable accuracy at any tim¢ the financial position of thc
charitablc Company and enable thcm to ensure that the financial statements Comply wilh the Companies Act
2006. They are also responsible for safeguarding the assets of thc charilable company and henc¢ for taking
reasonabl¢ steps for the pr¢vention and delectiOD of fraud and other irre8utsritics.
Iqlo8)25
The unaual rcport was approvcd by the trustees of Ibe d￿lty Oll .....
alld signed on its khalf by:
Michael Ryan
Trn5tee
Page 4

Kielder Ltd
Independent Examiner's Report to the trustees of Kielder Ltd ("the Company")
I r¢port to the charity trustees OTJ my eXamI￿tion of the a¢￿￿nts of the Company for the year ended 31 MaTch
2025.
Responsibilities aod basis of report
As the charity's I￿￿tee$ of the Company (and also its directots for the pu￿OseS of company law) you are
responsible for the prepttrdtion of the accounts in accordance with the requirements of the Companies Act 2006
('the 2006 Act,).
Having satisfied myself that the accounts of Kielder Ltd are not required to be audited under Part 16 of the 2006
Aet and are eligible for independent examinatio￿ I report in respect of my examination of your Charity's
accounts as carried out under section 145 of the Cbarities Act 2011 ('the 2011 Act.). In catryin8 Out my
exnmination I have followed the Directions given by the Clwity Commission undcr section 145(5)Ib) of the
2011 Act.
Independent examlner's $tatem¢nt
I have completed Tny examination. I confirni that no matters have come to my att¢ntlOD in connection with the
examination giving me ¢ausc to bel]c￿.
accoulltiDg records were not kept in respect of Kielder Ltd as required by s¢clion 386 of Ihc 2006 Act. or
2. the accounts do not accord with thos¢ rccords: or
3. the accounts do not comply with the accounting requirements of section 396 of ihe 2006 Act other than
any requircment that the accounts give a 'trne and fair view which is not a matter considered as part of an
ind¢p¢ndcnt exarnination; or
4. the accounts have not beea prepared in accordance with the mcthods and principles of the Statement of
Recomrnellded Practice for accountiog and reportin8 by cbarities [applicable to Charities preparing their
accounts in ac¢ordance with the Financial Reporting Standard applicable in the UK and Republic of
Ireland (FRS 102)].
I have DO concerns and bave come across no other mattets in ¢onDcction with the examination to which attention
should be drawn in this rcport in ordcr to eaable a proper understanding of the accounts to be rcachc
Cbristopher Gil
FCCA
ie
Lloyds Bank House
Bellingham
HexI]am
Northumberland
NE48 2AZ
Iql oq I lol¥
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Kielder Ltd
Statement of Flnaneial Activities for the Year Ended 31 March 2025
Uncluding Income and Expenditure Account and Statement of Total Recognised Gains
and Losses)
Total
2025
Unrestricted
Note
Income and Endowments from:
Donations elld legacies
Jnvestmejjt income
16.897
8.778
16,897
8.778
Total Inconle
25,675
25,675
Expenditure on:
Raising fi]nds
(28,115)
28,115
Total Expenditure
(28,115
(28.115)
Net expenditUTe
Net movement ID funds
(2,440
(2.440
(2,440)
(2.440)
Recon¢iliation of funds
Total fimd$ brought forward
Total funds carried forward
440,575
440,575
13
438,135
438,135
ToÉ21
2024
Unrestricted
Nole
Income 2nd Endowments from:
Donations and legacies
Investn]ent income
50.185
7.909
50,185
7.909
Total Income
58.094
58.094
Expendfiture on=
Raising fimds
Totsl Expenditure
Net income
11,623
I l.623)
11,623)
11,623
46.471
46.471
Net movement iti fimds
46,471
46,471
Reconeiliation of funds
Total fi￿dS brought forward
Total funds caryicd fonvaul
394.104
394,104
13
440,575
440,575
All of tbe clwity's activities derive from continuing operations during the above two petiod&
The fullds breakdowD for 2024 is shown in note 13.
The notes on pages 8 to 16 forni an integral part of these financial statements.

laelder Ltd
(Registration number: 04187356)
Balance Sheet as at 31 March 2025
2025
2024
Note
Fixed assets
Taugible assets
lrtvestments
524
50.000
699
50,000
io
50,524
50.699
Current
Debtors
Cash at bank and in hand
364,689
22,922
354,(M)7
35,869
12
387.611
389,876
Net a55ets
438,135
440.575
Funds of the charity:
Unrestricted Income funds
Unrestricted fimds
438,135
440,575
Totsl fund5
13
438.135
440.575
FOT the financial year ending 31 March 2025 the chartty entitled to exemption from audit under section 477
of the Companies Act 2006 relating lo small companies.
Directors, responsibilitics."
The members have not required the charity to obtain an audit of its accounts for the year in question in
ac¢ordan¢e with section 476" and
The directors acknowledge their Tesponsibilities for complying with the requirements of the A¢t with respect
to accounting r¢¢ords and the preparntion of accouDts.
Thc financial slatetncnts on pagcs 6 ts 16 were approved by the truslees, and authorised for issuc on
. and signed on thcir behalf by".
Thomas
Trustcc
The notes on pages 8 to 16 foTm an infrgral part of these fmancial statements.
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Kielder Ltd
Notes to the Financial Ststements for the Year Ended 31 March 2025
I Charity stalvs
The charity is limited by sharc capitsl. incorporatcd in England and Wales.
The address of its registered office is:
Unit 5 Rivermead
Butterhaugh
Hexham
Northumb¢rland
NE48 IHX
2 AccouDting policies
Summary of slgDificant aeeounling pollcie5 and key acconnting estlnutes
The principal accounting policies applied in the prepaTaiion of these financial slalements are Set out below.
These policics have been ¢ODSiStently applied to all the years preseotc4 unlc&s othcrwise stated.
Statement of eompli2nce
The fmancial statem¢nts bave been prepared in accordance with Accounting and Reporting by Charities:
ststcmcnt of Recommendcd Practice (applicable to charitics preparing thcir accounts in accordance with th¢
Financial Reporting Stsndard applicable in the UK and Republic of Ircland (FRS 102)) (issued in Oclob¢r 2019)
- (Cbarities SORP (FRS 102)), the Financial Reporting Slandard applicable ID the UK aud RepublAC of Ireland
(FRS 102) and thc Compallics Act 2006.
Ba$ls of preparadon
Kielder Ltd meets the der￿llion of a public benefit entity under FRS 102. Assets and liebilities are initially
rccogDiscd at bistorirAI cost or transaction value unless othcnvisc slated in Ibe rclcvtfftt accounting policy noles.
Going Concern
Tbe trustees cO￿lder tbat the￿ are no material unccrlainties about the ¢barity's ability to continue as a goin8
Couccm lloi any Si￿LfiCant arcas of unccrtaiaty that affecl th¢ catrying value of fL8sets hcld by thc chatity.
Exemption fronj preparing a easb flow ststement
The charity opted to trdrly adopt Bulletin I published on 2 February 2016 and have therefore Dot included a cash
flow stalernelll in these fuwicial statem¢llts.
Income and endowments
All income 15 rccognised ODce the clmrity has entitletnent to the income, it is probable that the income wiu be
rec¢ived and the amount olthe income receivable can be measured reliably.
Donaiions andlegacies
Donations are r¢cognised when the ch￿lty been notified ia writing of both the amount and settlement date.
In thc event that a donation is subject to wnditions that require a Icvcl of perforniancc by the cbatiiy bcfore the
charity is entitled to the fund4 the inwme is deferred and not recognised until either those ¢onditions are fully
meL or the fiilfilment of those conditions is wholly within tbe control of the charity and it is probable that these
conditions will bc fuIfillcd in the teporting pcriod.
Page 8

Kielder Ltd
Notes to the Financial Statements for the Year Ended 31 March 2025
Expenditure
All exp¢ndAture is Tecognised once there is a legal or constsuctive obligation to that expenditure, it is probable
settl￿ent is rcquired and the amount be nieaswd reliably. All costs are allocated to ihe applicable
expeuditure heading that aggregate similar costs to that calegory. Where costs camioi be directly attsibuied to
particular headings they have been allo¢￿ed on a basis consistent with the use of resources, with central staff
costs allocatcd on thc b&sis of tim¢ spcDL and deprcciatton allocated on thc portion of the ass¢t's us¢.
Other support costs are allocated based on the spread of staff ￿Sts.
R￿sIngfundS
Thes¢ are costs incurr&l in atttactiDg voluntary incom4 the manw¢nt of Invest￿ents and those i￿UlTed in
trdding activities that rdise fund&
Taxatlon
The charity is considered to pass the tcsts s¢t out ID Paragrdpb I Schcdule 6 of the Finance Act 2010 and
therefore it meets the definition of a charitable company for UK corporntion tax purposes. Accordtngly, the
charity is pot¢ntially ¢xempt from taxation in respect of income or capttsI gains received wtthin categorics
covered by Chapter 3 Part l E of the Corpordtion Tax Act 2010 or Section 256 of the T8xation of Chargeable
Gains Act 1992. to the extent that such income or gains are applied exclusively to ¢kntable puTpos¢s.
Tanglble fixed assets
Individual fixed assets ¢osting £100.00 or rnore are initially r￿Orded at cos4 less ally subsequent accumulated
depre¢iation and subsequent accumulatcd impairnicnt losses.
Depreeiation and amortisatlon
Depreciation is provided on tsngiblc fixed assets so as to write off the cost or Valuatio￿ less any estimated
residual valu4 over their exp￿t￿ useful e¢onomic life as follows:
Asset cla$5
Campsitc improvements
Plalll and m3cbin¢ry
Deprttlation method and rate
IOY• straight line basis
25Yo rcducing balance basis
200A straight line basis
Investment properties
Invesimcnt property Ès carried at f&ir value, derived from the current market prices for comparable real estate
detemiined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any
diffettnce in the naturc, location or condition of the sp￿1￿C 3sseL Changes ill fair valuc are recogni5ed in profit
or loss.
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services perfornied in the ordinary
course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised c05t
using the effective interest rn¢thoQ less Provision for impainnent. A provision for the impainnent of trade
debtors is cstablisbed whm there ts objective evidence that the clwity will not b¢ able to ¢ollect all amounts du¢
according to th¢ original tern￿ of th¢ receivabl¢&
Pagc 9

Kielder Ltd
Notes to the Financial Statements for the Year Ended 31 March 2025
Cash 2nd cash equivalents
Cash and casb equivaknts comprise cash on IWMI and call deposi￿ and other short-terni bigbly 14uid
invcsljnents that atc readily c4)nvertible to a Ill￿Wn amount of casb and are subject to an insignificant risk of
change in value.
Fund stnteture
Unrestricted income funds are generdl that are av2i]able for use at the trustees dIsC￿tion in fi￿erance of
thc objectives of thc CI￿lty.
FinaneAg1 instruments
Cla&flfieahon
Financial ossets and financial liabilities are r¢¢ognised when the clwity becomes a paty to th¢ Contractual
provisions of the instrument.
Financial ITabiliti&s and equity instrumcrtts are classificd according to the substance of the contractuul
Tangements entered into. An equity instTument is any contract that evid¢nces a residual interest in the a55ets of
the charity after dethicting all of its liabilities.
Recognition and measuremtmt
All financial assets and liabilities are initially measured at transaction price (including transaction costs), exccpt
for thosc financial asscts classified as at fair valuc through profit or loss, which arc initially me8sur¢d at fair
V21ue (which is nom)ally the trdnsaction price excluding transaction eosts}. unless the arr￿gement constiMle$ a
financitig transa¢tion. Ef ao arrdngement CODSlitutL% a financing transactio￿ the fiDanci￿ asset or financial
liability is me8sured at the prcsent valuc of the futyre pa￿ents discounted at a market rate of intercst for
similar debt instrumenL
Financial &sscts and liabiliiics arc only offiei in the slatctncnt of financial position Whe￿ and only when there
exists a legally enforceable right to sel off the recognised amounts and the clwity intcnds citber to settlc on a
net bgsis. or to r¢alise thc asset and settlc the liabTlity simultsncously.
Financial assets are dcreco￿l8ed when and only when a) the contrnctual rights to the c&8h flows from the
financial asset expire or are settled. b) the clwity traDsfers tt> another paty substantially all of tbe risks alld
revrards of owncrship of the financiat asscL or ¢) the charity, despit¢ baving rctaincd som4 but not all.
Si80ificant risks and rewards of ownership. bas trallSfe￿ed CODtrol of the asset to another paty.
Financial liabilities are dereCO￿lsed only when the obligation Sp￿lfied in the eontrnct is discharge￿ canc¢ll¢d
or expires.
Derxvativefinan¢i41instruments
The charity uses derivative financial instruments to reduce exposure to foreign exchange risk and interest T&te
movelnents. Th¢ ch￿lty do￿ not hold or i55ue derivative financial insttuments for Speculative purposes.
Derivatives are initially Tecognised at fair value at the date a derivative contract is entered into ana are
subsquently rerneasured to their fair value at each reporting dat& The resulting gain or loss is recognised in
statem¢nt of financial activities immediately unless the derivzttve is designatcd and effe¢tivc as a hedging
instrument, in whtch event the timing of the reco8tiition in 51atement of financial activities depends on the
naturc of the hedge relationship.
Page 10

Kielder Ltd
Notes to the Financial Ststements for the Year Ended 31 March 2025
Fair value measurement
The best ¢vidence of fair value is a qvoted pricc for an identical asset in an active markeL When quoted pri¢es
are unavailable. the pricc of a r¢ccllt transaction for an identical a&sct provides evidcnce 0£ fair value as long as
there has not been a signifiwit cbange in economic circumstauces or a significant lapse of time since the
transaction took place. If the nwket is Dot active and recent transactions of an id¢ntical a￿t on their own are
not a good estimate of fair v8lu¢, the fair value is estill￿ted by using a valuation tc¢hniqu¢.
3 Income from donations and leBacl¢s
Unrestrieted
Total
2025
Total
2024
General
Donations and legacies.
DoDatlOD5
16,897
16,897
16,897
16,897
50.185
50,185
4 KDvestment ineome
Unrestricted
nds
General
Total
2025
Total
2024
tncome from rents
8,778
8.778
7,909
Page 11

Kielder Ltd
Notes to the Financial Statements for the Year Ended 31 March 2025
5 E￿end1tllre on raising futsds
a) Costs of generathig doDations aDd legades
Unrestricled
Totsl
2025
Total
2024
General
Note
Donations
ReTht
Rates
Lighl heat and power
Insurance
Repairs and renewa15
Telephone and fax
Depreciation of plant and machinery
250
1,860
157
439
6214
13,653
1,125
175
250
1,860
157
439
6,214
13.653
1,125
175
250
1,395
158
515
5,622
320
307
233
23.873
23,873
8,800
b) IDvestmellt Manageu￿Dt eosts
Unrestrided
Tot21
2025
Totsl
2024
Ceneral
Note
Other investment management costs:
Property overhead charges
4242
4,242
4.242
2.823
4.242
2.823
6 Trnstecs remuneration and expenses
No tr￿steeS. llor aoy petsons Connected witb ha￿ received any remunerdtion from the charity during the
No truste￿ havc rcceivcd any rcImbu￿cd ￿penSeS or any other b￿¢fits from thc charity during the year.
7 Staff costs
The monthly average number of persoDs (ineludillg senior management I leadership t&un) cmployed by thc
clwity dwing the year expressed as filll time equivalents was as follows:
2025
2024
No
Number of company officers
Page 12

Kielder Ltd
Notes to the Financial Statements for the Year Ended 31 March 202S
No employee received cmolumcnts of morc than £60,IK)O during the year.
8 Taxltion
Th¢ charity is a rcgistcred charity and is therefore exempt from tsxalioJL
9 Tanglble rued assets
Furniture and
equipment
Total
Cost
At l April 2024
21,874
21,874
At 31 March 2025
21,874
21.874
Depreclatlon
At l April 2024
Charge for the year
At 31 March 2025
21,175
175
21.175
175
21,350
21.350
NeÉ book value
At 31 March 2025
524
524
At 31 Marcb 2024
699
699
10 Fixed asset investments
2025
2024
Tnvestment properties
50,000
50.000
Page 13

Kielder Ltd
Notes to the Financial Statements for the Year Ended 31 March 2025
15 Related party transactions
During thc year the charity made th¢ following related paty traDsaclions:
Kielder Valley Serviee5 Ltd
(a trading company limited by guergntee under the control of the directo[5 Thornas Grimwoo4 Michael Ryan
and Carl Earsman.)
The company received donations from Kielder Valley servic￿ Ltd totalling £16,897. At the balance sheet date
the amount duc from Ki¢Eder Vall¢y Services was £364,689 (2024- £354,006).
Page 16