Company restratiOn number.. 04187356 Charity registration nu]nbLr". 1092043 Kielder Ltd (A Company limit by guarantee) Annual Repurt 4nd l."inancial Statements for the Year Endryj 31 Mah 2026 ACCA TYNEREDE Accoutl IANCY
Kielder Ltd Contents Reference and Adminigtrative Details Strategic Rcport TnJ$te¢s' Rq)ort 3to4 Independent Examin¢r's Report Siutement of Ftnjncial Activitses Balancc She Notes to the Financi&l Statem¢nts 8t016
Kielder Ltd Reference and Administrative DetAEts Charlty Registratlon Number 1092043 Company Regi8trAtIoD Numb¢r 04187356 The charity is incorporated in England and Wales. Unit 5 Riv¢nncad Butterhaugh H<Yh&m Northumberland NE48 IHX Roiistered OffIc¢ Principal onke Unit 5 Rivenncad Butterh&Lu8h Hexham Northutnberland NE.48 IHX Indtpend¢nt Examlntr TyneRed¢ AoUnntiY Ltd Lloyds B4nk FJou$e Bcllingham Northumbcrland NF,:48 2A7, Page I
Kielder Ltd Strategic Report for the Year Ended 31 March 2026 The trustees, who are directors for the purpose5 of ¢ompany law. present their strate8io report for the yeor ended 31 Mar¢h 2026. in compliance with s414C of the Compani¢s Act 2006. The stralcgic report was approved by the ttustees of th¢ charity oll 20.loSIts and signed on ils behalf by.. C] Earsmo Trustee Page 2
Kielder Ltd Trustees, Report The trllsLe. who are directors for the purposeb ol MpanY law. present the 8Jtnual report iogether with the financial statcments of the charitabl¢ Company for di¢ year ended 31 M2rch 2026. Objeetivej and aclivltks Obiecis. und4ims The promotion for public benefit of rural rcgencration in ar¢a8 of social and ¢xonomic deprivation particularly with Ihe P&rish olKielder. Objeerfvu, Strategies andodivltles Ilwough our tsading company, Kielder Valley S¢rvices, we provide low-cosl acoummodation for wsitors to the area und eTnploy)nent for lo1] people by rumiing a ¢ampsile leased from the Foresty Conunigsion. The ¢arnpsite is popujar and Betting good reviews with a lot of repeal trade. W¢ own and tun a Garage dispensing fuel which is t]ie oiily bourco of Petrol and Diel op¢ii Seveii duys a iveek in the surruunding arcA. li continues to meet Lts 8ustointhble incon)c torg¢l. The &ttach¢d preinisey are leased (o a tenant who opcrgl¢s a garage workthop and local vchicle reLOV¢ry .%crvic¢, as well as running a small shop providing e&8ential groceries. We lease a ivorkshop whicli acls us our office and is also used as a meeting place for th¢ local community. As truslees we Continue to explore other opporiunilies to benefit th¢ area and it$ p¢oplc. PHbllc ben¥fil The tnjstees conf]Thn th&L thcy have eornplicd with the requirements of section 17 of the Charilieq Act 2011 to have due rerd lo the public benefit 8uidance published by the Churity Commission for England and Wal¢5. Trust¢eJ and olylcorfj The trnstees 8nd officers rving during the year and 3in¢e the Ye end wer¢ as follow8.' TnJ8t¢e5'. Mi¢hael Ry&ll Thorn&8 Grimwood Siephen Webb Carl Earsm Julie l.lorrison SKcretary: S Riley S¢ru¢turei governAnce management Nathre ofgoverning document The Charity is a company limitcd by 8u&ranL¢¢, tntee5 are volunl*rs frojn the local areg and receiv¢ no bencfits for their role in the Charity. Statement of Trnytee5' Ro$pon8lbiliti¢s The ttustees (who #re also the direclurs of Kielder Ltd for the purposes of cihnpony law) ore responsible for preparing the tTUb'tees' report ad the flnancial state]neDts in accordllncc with the United Kingdom Aecountins Si&ndEr&8 (Unitcd Kingdom Generally Aceepted Aceounting Practice) and applicable law and re8ulution& Page 3
l<ielder Ltd Trustees, Report Company lèw requires the tnistee5 to prepare f]nan¢ial statem¢nL8 for each financial year. Und¢r compAny law the tnLStces rnus¢ not approv¢ the fancIal st#tements unless thcy are tISfied that th¢y give a tru¢ Rnd lair view of th¢ slate of affairs of the chatilable eompany and of its incoming resourc£s and application of resollrce4 including its income and expenditure, for that perii)d. In pteparing these fwancial statements, the INstees ar¢ required to.. select suitable &eeounting wjlicies and apply thern consistently. observe the methods and princip1¢8 in the Charities SORP. makc judgem¢nL$ and esiimotes that ore r¢asonable al pThdent' Slatc whether applicable UK ACcOlit)g Slandan1s have been followed. subj¢ot lo any material departures disclosed and explained in the r]nancial statements., and prepllre the fanCial Silllements on the going ¢onccm basis unl&*% it is ittappropriate t() presume that the chArit&ble company will continue in business. Th¢ twslees are rc8ponsible for keeping adeqiiole accounting recurds that are SU1¢]ellt to show and explain the charitoble eornpany's transactsons llnd di$close Hiih reasonablc 8CLura¢y at any time the finoncial pusition of the charitablc copanY and ¢nable them to ensure thRt the financial stat¢menis mplY with the Cornpanies Act 2CQ6. They ore also responsibl¢ for sufegullrding the assct8 of the charitAbl¢ company and h¢ncc for takin8 reasonable steps tor the pr¢v¢ntiull wid d¢te¢lioD of fraud and oth¢r irre8ulariii¢& The w)nual report wL$ approv¢d by the Iwstees of the charity on 20.1.cs.12fj Rnd $ign¢d on il$ behalf by.. C'arl EEMIn I'DJslee Page 4
Kidder Ltd Independent Examiner's Report to the trustees of Ifjdder Ltd ("the Company") report to the charity trll¢s on my exminatiOn of the accounts of the Company for the year ended 31 Morch 2026. Responsibilitie¥ basly of pThrt As the chuTily's tru5lee8 of the Company (and also its dir¢clors for the purpose$ of company l&w) you e re3ponsiblL for th¢ preparlltion of th¢ accounts in accordance with the requirements of the Companies Act 20(kfj ('th¢ 2006 Act.). Having satisfied myself that the acwunls of Kielder Ltd ar¢ nol required to be 2udited under Port 16 of the 2U06 Act and arc eligible for independent examination. I report in i¢sp¢ct of my examination of your charity's accounts as LlltTiwJ out under &ection 145 of the ChatitiC8 AG'É 2011 {'the 2011 ALt'), In cAnying out my extimination I have folloived the D]rtionS given by th¢ ChArity Commission under section 145(5)(b) of the 2011 Act. ependent Qxamlnor's *tat¢ment I have compleied my Qxaminatiun. I Conf that no mgtter8 have Con lo my &lkntion in connection with the examination givin8 me Gause to believe.. ac4ouniing reeords were not kcpl fftn r¢5pecL of Kielder Lid as requir¢d by seetion 386 of the 2006 Act. or 2. the 8Gcounl8 do not accord with those records. or 3. the aceounls do nul wmply with the a¢countin¥ r¢quiremen¢s of section 396 of the 2006 Act oth¢r than uny rcquir6.ment that ac¢ountS give a 'trJe and fair view, which is not a mLtt¢r considered as p&rt of an indepLndenl cxarninlllion., or 4. the accounts have not been prepar¢d in Bccordumce with the methods and principle$ of the Statement of RecDmmLnded Practi¢c for ac¢ountin8 and r¢'p(irtin8 by tharili¢¥ lappli¢ahl¥ til charitics prcpiiing iheir Rccuunts iii arf'urdantic Hith th¢ I,inanLioI Rcportin8 Stondard applicuble in d)e UK and l£epublic of Ireland (fRS 102)]. I have no concerns and have come acr0%8 no other matters in Connection the &xllminotion to which att¢ntion should be draThm in thi$ report in order to enable 8 proper Undstanding ofthe a¢caunls lo be r¢ached. ehr,4opkn g Christopher Gillie FCCA Lloyds Bank House Belltngh2 Hexham Northumberland NC,48 2AZ Islo812026 Page 5
Kielder Ltd (Registration number: 04187356) Balanee Sheet as at 31 March 2026 2026 2025 Note Fixed as8Èt$ TÉngiblc as5et8 Investments 391 50.0 50.-391 524 50.OOQ) 10 Current asiets Debtors Cash &t bat)k and in h4nd 397,928 22.539 364.689 22,922 387.611 12 420.467 Net 470,858 438.135 of the charlty: UDregtrlct¢d IDeome UTJr¢striet¢d fund$ 470858 438 135 To1841 13 47111158 438.135 r•or the financial year endin8 31 March 2026 the Ghority was entitl¢d to exemption from audit under seGiion 477 of th¢ Compllnics Act 2(X)6 rclating lo small }mpunits. Dir¢clorg rc$pollb]IltseS-. I'h¢ meinbery hove not required the th8rity to obtain &n audit of its aount8 for the year in question in accordLii¢e with section 476: Thc direLlors acknowledge their responsibili(i¢s for ¢omplyin8 with the requirements ofthe Act with r¢spe¢t to kceouniinB re¢ord$ and thc weparation of accoullls. The financial $tslemellts on poges 6 to 16 were Èpproved by Ihe trustee8. authorised for is5u6 on 2o.ia812fj. and S1Cd on their behtsif by." Thomas Tstee rrimwood The notes on pages 8 to 16 form intcgrlll part of tbe8e f]ncial stateTJWtts. Page 7
Kielder Ltd Not£s to the Financial Sta¢cents for the Year Ended 31 March 2026 Expexditure Ail txpenditure is recognised Once there is a Icgal or constnliVE obligaiion lo that expenditurE il is probable setuemcnt is requ2red the arnount can be ]neasur¢d reliably. Ail cosL% are allocated to the appli¢able exp¢nditure heading thot &ge8&t¢ sirnilgr ¢ostS" to that category. Wh¢rc o05ts cannot be directly aitributed to particulttr headings thcy h8ve been ollocated 8 basis consistent with the of resourc¢4 with central slllff costs allocated on tho basis of time sp¢n( and deprcciatioll charges allocated on the portion of the asset's . Oiher supry)rl costs ore allocated b88¢d on the spread of sl&ff Costs. RaLrfngfuiids The arc costs in¢utYed in &ttracLing voluntary ine4)me. the Managern¢ of iDvestmenÉ$ fjnd those incutTed in tradin8 activities thal rais¢ funds. Txxatlon The Lhwity is ¢onsidered to pass the tests s¢t oul in Paragr8ph I Schedute 6 of ihe Pin8nc¢ ALt 2010 End therefore it meets th¢ defmilion of a ¢harit&bl¢ company for UK corporation thx purposes. Aecordingly. the chatily is polenually exempt from taxatson in respect of income or capital gains rec¢ivcd within cotcBories covttred by Ch8Ptei' 3 Part I l of the Corporotion T8x Act 2010 ur Se¢lion 256 of the Taxation of C'harg¥able Gains Act 1992. to the exicnt that such income or gains Are applied exclusively to charitable purp()S¢S. Tanilble flxitd Assets Individuol fixed u8sels CQ$tin8 £IW.00 or more &re initially recorded tht cost, I¢s$ 8ny subsequent accumulated depreciation and subsequent Eccumuloled Impalrnnt losses, Doprerlatlon and amortlsatlon D¢prL'6i8Lion is proirydcd un tan¥ibl¢ fixed assets so as lo writ¢ off the eost or voluation, less ADY estimllted siduai valu¢, over their expected us¢ful economi¢ life gs follows.. A4¥Lbl elas• Campsite improvements PIUDI and uta¢hinery Car4van8 Deproglatlon mothod and rat¢ IOQ/• $trai¥hi linL basis 25Yts r¢ducing balunce busis 20Y(* $tr8ight lin¢ basis Ihvutm¢nt prop¢rtlo Investjnent prop¥rty is carried al fair value. derived from the Qu¢t mk¢1 prices for (¥)mp&ble rethl esta d¢tern]ined llTrnuylly by cxtemtsl v&luer.% The voluers use ob%ervablc market prices, adjusLed ifnecessary for any difference in th¥ naIV. location or ctsndition of the specific assei. Ch8n8es in fair valu¢ are reCois¢d in profit or1085. Trade debtorA Trade debtors are amounts due frorn customers for merchandise sold or savices pcrforn]ed in the ordinary ¢outs¢ of business. Trnde debtors are reco]sed initially at the trn¢tiott price. They are subsequently nwAsured at aortiSed cost using the cffective inlere&t method. less provi.%ion for impaitmcnt. A provisioD for the iMpait¢nt of trade dcbtor5 is establishcd iwh¢n there is objective evidence that the ch8Tity will not be llble to collect all amounts due acwrding to th¢ origin81 t¢mis of the Feceivable$. Page 9
Kielder Ltd Notes to the Financial Statements for the Year Ended 31 March 2026 Investment propertles InYestmeDt properties Cost or Valuallo At l April 2025 50,000 Provision At 31 March 2026 Net l)ook value At 31 March 2026 50.(K)O At 31 March 2025 50.(QO The trustces of the LX)mparty have not ¢nlisted the services of on independcnt valuer for the investmeni propety held. Thc tTusle£g nSider thol the valu¢ has nul Materially ¢hangd from earlier valu81ion& The has bcen no valuation of investwenl prop¢rty by an indcpendenl vajuer. Th¢ investment property held by the company is frechold. 11 D¢btors 2026 2025 Oth¢r debtors 397.928 364,689 12 C4sb e*yh equlval¢nt¥ 2(126 2025 Cash at bonk 22,539 22,922 Page 14
Kielder Ltd Notes to the FinAncial Statements for the Year Ended 31 March 2026 15 Relllted party traCtionS During the year th¢ charity made the following related porty traLlions. Klelder Valley Services Ltd (a trading company limited by guarantee ullder th¢ control of the director8 Thomas Qrimwood, Michael Ryan and Carl Earsman.) The compgny receiv¢d donatioJ]s from Kielder V&ll¢y Setviw l.td tr>lalliD8 £39.668.. At the balance sheet d&le thc amount dlle from Kielder Valley Services Ltd WES £397,92812025 - £364,689). Page 16