Kf.Y%"I"ONE I)LVLLOPMEN-I"'I'RU,S'I'
rrNANCIAL 81'A"fEML:,N'fs FOR TIIL? YLAR FNDED 31 s"r MARCk12024
CON"ILNTS AND CI.IARITY INfoiiMATtON
CON'L'EN-FS
I'rustecs Ileporl
Indep¢iideiit Examillers Report
Statement o'f FiLiaJ'icLal Activities
Balance Sheet
Stat¢inent of Cash flow
Nolc5 lo tli¢ financial ,%tateincnts
9- 19
I'RUS'fEFS
Jei'emy Stone (Chaii.)
Bi'cnda Canhain
Charles Watt
Ryaii Windsor
Clive Wadham-sinitli
ob Pugh
iona Walker (appoiiilcd Septeinbcr 2023)
m￿'lYn Broinl¢y (appoiiitcd Septembci 2023)
Jennifer140llis (appoiiited Januai'y 2024)
IILCylS'I'F,RBD 01,TlCb:
Abbey Ncighbourhood Cenlye
l-xetcr Way
Tlietford
Norfollc
IP24 IEI;,
CFIALiI'fY Rf,GIS'L'RATION NUMBER
1093162
COMI)ANY IIF.GIS'I"ERED NUMBER
04346470
INI)EPENDI=NT EXAMINEIIS
lan Sliipley fccA
ror and oil bcliaif of-
14'entis & Co l.l.P
Chdlteird ACcOL￿l￿ntS
115c Milton Iload
Cainbridge
C134 IXL
BANICBK,8
HSBC Bank Pl¢
18 1,oiidoll Sti'cet
Noi'wich
NR2 ILG

ICBYSTONL DLIVT.'LOPMLN'r 'i'iius'r
I,'INANCIAL SI'A'I'L7MfN'rs roR V'EIL7 YI,:AR LNDf,D J Is'r MARCFI 2024
TKUSTbLS li￿PolIT
'Ihc DO￿.d ol I'rustces, who al'e also Ihe directors for the purposes of company law, pre.sent their Teport and the
fii)anci¢tl statements ofthc chariiy for the yeai. ended 31 March 2024. The fiiiancial 5tateinents have bccii prepared in
accordance with the accountii)g policies set out in I'iotes to tli¢ accounls aiid comply with tlie charily's ¢Jovei'ning
document, ihe Ch￿1t]cS Act 201 E and Companies Act2006 and Accouiiting and Ilcpoiting by Cliai'ities.. Slalemeiit
of Ilecommeiided Practice applicablc to ch¢li'ities prcparing tlieir dccounls in a¢cordaiice willi the fiiiiancial
Reporting stand￿'d applicable iii. the UK and Ilepublic of. Ireland published in Octobei. 2019 (efff¢ctive l January
2019)
Sincc the ChaLlty qualifies as small under scction 3 83, ttLe strategic icpoit required of medium and large compmies
uiider The Coinpanies Act 2006 (Strategic li¢poit and Direcloi s Report) Regulalioiis 2013 is not requii'ed.
ObjectlVLS, Strxtogles, Aims and ActivitlC8
Iccystone Development TrLlSt is a Com muiiily Ilcsource aiid Support Organisatioii comtnittcd to Iinpi-oviiig the
quality ofiifc and opporiuiiitics For peoplL who live, sludy and work in the'l'hetford aiid SUiToundiiig &i-Las, through
sustainable, cominuiiily led i'egencration.
A5 a Developincnt Trust, l£eyston¢ aims to build coininunily capital in it8 ttrca: eiiipoweriiig individuals, groups and
cuinmunities to tackle ii¢¢ds and issues by ci'eating tlieir own 501iJtions, serviccs, organisation8 or eiitetprise5,
lii Ol-der to achieve this, the Trust seelcs to identify needs through rcsciirch, cunsultation discus810n with paitners,
uther Ol-gdnisations and local residents.
Iccystonc provides building spaLe, professional cxiicrtise and acts as ali utnbi'cll2É or rLsource body lo enable tliestt
individudls &iid groups to deliver activities diid service8 needed.
Dellvery of our Objectives, Strategic AAMS and Activitics is reviewed by thc Bo&rd of Trustee5 and Scnior
MaLiag¢tn¢nl as parl of our s¢anding &Eenda at ea¢li full board tnecting throughout Ihc ye&i', and underpiiis all
act.ivilies considcred &iid undei-lalcen by I'eain nieiT]bei's of Keystuiie on a daily basis. 'I'he Oi-gaiiisatioii's direction,
whut il stands for and ils ¢volving joui-ney io delivei. Iliis gtldtcgy is so slroiig and focLised that ils iinpa¢t on cnabling
significant coinmuii ily initiatives lias boon Irll and ¢.rnbraccd greatly siiicc thc ciid of 2019 when our Sts"alLgic
Dircction was coinmunicat¢d mucli widcr.
'rhese al￿s, and tlie worlc undcrpinniiig tliein, demon,%th7tc thc Public Beiiefit ds I'equii'ed by thc Cliarilies Act 2006.
'fhc 'Frustecs conlirm that ihey have Fiad duc rcgard to Charity Conimission guidaiice on public bcnefit.
l)urliig 2023124 Kcystone's operations fell iiilo Iwo broad categiirics:
The manageme11t of ils owned properties t'o PLoduce income for the provision of SOLial ente￿rISt activities,
'I'he provision of help and support to our Ioc<tl conilnunity across ci broad range of Ctivitics and pi'ojects.
KcystonLI Properties
"I'hese &i'e split int'o two cat'egoriGs. I'hose w¢ own aiid Ihose we lease, In all cases from tliem we provid¢ serviLcs
and assistaiicc to a bj'oad range of org'dllisations and iiidividuals.
Freehold
The Enterprise r,actoiy
St Johii's Commuiiity Centre Mildenhall
Abbey Neiglibourl)ood Centre
ljcascliold
Rivei'sdale
ManagLd by:
The ljraiidon Ceiitre

ICEYS'I'ONL DEVI,'LOPMb.Ki. rRus'i"
PA(if, 2
FINANCIAL S'I'AI'FMEN'I'S I",OR TI.IE YFAR ENDf,D 31 s'r MAIICII 2024
"rRUS'I'EF,s RfpoRI"
The future
Following tlie salc of the liinovaLioii Centre in 2023, thc F4nterpTise l actoi'y will sell in 2024.
rroin thc 'Funds received fi-orn thc Innovalion Cenlre, £830,000 lids beeii iiiv¢stcd iii varLOUS slioit <ind loiiger-leiTr
fixed rats liigli inter¢st accounts.
The cui'rent funds lield and Ilie additional funds fyoni the gale of the Llnt¢iyrise Factory will bc used for iiivcslniLnt
and direct gi'allts to the people and cliaricies of 1'1ielford, Mildenhdll and 14randon.
undralsiiig
Keystone Developnient 'l'L'usi dues not opeiily fui)draise or solicit donittions 'froiii the public.
Finaiicial result
I'he board of Kcyslone DevclopiT]ent"frust are i-cporting a d¢fi'cit of £276,120 (2023.. £249,250). Th¢ de.ficit for
2023124 was made up of unrestTLCted funds only (sainc for 2022123).
ResciTe5 policy
Tlie rcserves poIiLy is reviewcd aiinually. lceystoiie's balance sheet as at 31 March 2024 shows rcscTVCS totalliiig
£2,406,4 I3, (2023.. £2,682,53.3) oFwhich £151,979 are restricted incoine fuiids (2023: £137,651), not tied up in
rixed ass¢ls. l.hc cun-ciit policy is to bold six inontlis operating costs in reseNes. flee ios¢ives C￿.1￿1]t.1Y st￿d clt
£844 and dosignated funds, as llgreed by Tnistees can be seeii below,-
I'hc I'i'ustces remain committed to a policy that the ch&rity hold unrL5I'ricte(I fuiids (exeluding thosL lunds
rcprcscntcd by fixed aSSLts (sufticienl to cover):
Coiitiiigeiicy fund to covcr 6 months. organisatioiiiil ruiinillg costslincoille wa8
tu ccase. (cxcluding the L?nlcrpi'ise Iliicioiy)
Coiitiiigency lurid to covct 6 monl'hs of I'unning costs of tlic Entei'pi-isc Fdctory
136,00
45,000
'rotul Unrcstricted Funds (Coiitingcncy)
£181,000
Designated funds have been established agreed by the Board of Truslees al. thL following levcls:
Redundancy-_ potent'ial rcduiidaiicy paymenls cost if the charity wcre to be wound up
14,000
Properly slnlciiig fund to meet thc aiinual repaii. aiid maiiitcnance costs of all bijildiiigs
cxeluding ihe F.nlcrpris¢ factory
I ntcrprise Factory contingency fuiid to covci. a further 6 months running cosls of the
pi'operLy until a sal¢ been coinpleled
Jnterprise Faetory l)roperty Rcpairslupgrading F.xpenditure required witliin the next
12 Inontlis
Investin¢nt fiund for longei- teiin lioldings - to generate carn¢d incotne (bank interestlpropcrly
Rental) to support Coinmunity c'hai'ilable Lxpcnditure
22,500
45,000
25,500
602,000
'I'olal Designated Fund
£709,000
Total Reserves Policy Designated
£890,1)00
This rescrvcs poliey and assotiatcd perforrnai)ce to maintaiii thcse levels is revlLiwed by t'he Iloard of Trustees
oji an anuual bas1S.
As at 31 Mai'cli 2024, the charity h£id Fire i'csei'ves of £844 aftci. the tlbovc wei'c degigiiatLd fYoiTL unie811'icted fuiids
£890,844
£104,680
At 31 July 2024 Cush at B¢uiII is

I<EYS"FONF DEVELOPMfNT I'IIU8T
PA(iE 3
I,'TNANCIAL STA TLMfN1'S I,'OR TFILJ YIAII I-'NDf,l) 31.%'I' MARV.14 2024
'L'RUST'EES REPOIIT
Goiiig conccrii
F,'ull Inanagcme11t accounts, inclijdiiig a budget to &ctual cotnpai'isoLI, arc produced rnoiitlily and aTe used byihe tear
to m&lcc opei'ational aiid fLI)ancial dttcisioiis.
Thc Irustees liave reviewed the Lu11-ent financial position. lThey have a good expcLtation thatthe cliaiiiy will be able
to meet its obligatlOLlS IL) a good aiid timcly manncr for tlie foi'eseeable futui'e. I'lius, tliey coiitiiiue to adopt, the
going coneerll basis of accouL]ting iii pi'cpai'ing the fiiiancial st&tctfLLnts.
Priiicipal rislis and uneertaiiities
'I'lie Keystone Boai-d l)as ulliinate i-esponsibility fDr managemciit of rislc <lCI'OS5 I'he 'l'rust. 'I'lie Iloai'd ineets
thi'oughoiit the Ye￿ to revicw Ihc potcn(i(Il risks across illl aspects of ihc org￿72s￿tioll lo dctcrmiiic the piT)b&bilily
and impact of each significant i-islc.
l*inancial rislc, ll￿TLe1Y generating suffLClClIt income to ineet our goals, obj¢ctive5 and cominittcd costs is always an
arca oFhigli ris14 scrutiny and planniiig. "fhe decision in 2019 to convert. hi<vli value pi'opei-ty assets into cash, wilh
the sale of one siich assct now h£lS giveii ihe Boai'd the comfoit of loiig-tei-ln fLnancial SLlStainability and a wider
Ititch of oui. aiins. Noted in our Rcscrves Policy above is the aorced designation of fiEnds that providc a financial
contingency for both known and polenLi&l cxpenditur¢, thus mitia'aling the impilct of Ios5 OF income.
Rislc assessments across all propei'(ies arc urLdertakeLI tkn'oughout the year, with the support of "Worknest"
trusted liealthy and safety management oi'giinisat'ion. 11]is lielps l£eystone ensure compliance and inform plaiined
prcvcntative inaintenancc.
F'acc lo face tt-aiiiing in IhL followiiig ar¢as'. SaFeguarding) First Aid and I. irc Safely 1$ pi'ovided to all st(iff"to ensui'e
Iliey al'e aw￿-c of and ablL Lo iiiaiiagL risks during their worlcing day.
Othcr trdining such as GDPII and data Iiandling, Inanual hiindling, display screen equipinenL loiie workiiig etc air
also provided thi'ougli 'IlldSCO"
. a trusted training. providor.
Sl'ructur4 govcrnancc maiiagemont
Con5titutioii
Tlie charity is constituted uiid¢r a T'rust deed and is & registei'ed charity nuinber 1093162.
Mcthod of appointrneiit or ¢lcction of Trustees
'riie man¢igcinent of the Chality is the responsibility ofthe'fruslces who are clccted and co-opt¢d under the Icrins of
Ihc Trust deed.
Policies adopted for th¢ induction aiid training of 'frustees
There arc ¢unrntly iiiiie 'frustees. Trustee5 ￿.¢ drawn fL'Oill a variety of bacl<grounds ¢iiid sl<ill scts. Details octhe
truslees otliei. company uifornLation are Lontaincd oil page on¢.
'ri-11stees are appointed thi'ougli a robust. process. -llic C.liaii' is appoiiited by the tIUSt'ecs. All n¢w trusleLs undertak¢
an iiiducLion Process. This will faiiiiliai-ise tlicm with all aspccts of ihe Ch(Ii'ily' S (>pcfdtions and tllL ris[￿ tliorcin,
both oper¢tlioiial and financial. A pi'ogi'aiii is bciiig iiitroduced dui'ing 2024 to eiisure thai both existing and ncw
trustees ai'L offered appLOPLiate training 'foi' Iheii. I'Jl¢s.
Pay policy foi. senior staff
All I'rust'Los giv¢ of Ilicir tiine fTe¢ly and no "frustee received remun¢rdtiorJ during tlie course of tlie year. J'lie
pay o'fscnior pei'soiinel is i'evicwLd aiinually lind approved by iIiL' Trustees,

I<EYSTONC DEVELOPMENTTrUST
PAQE4
FINANCIAL STATBMENTS IIOR THE YEAR FNDED 3 1ST MAEiCH 2024
TRUSTEES REPORT
Or£Anl8atlonal structure and decision mal(Iiig
Tho Board of Tw¥l¢es administei'5 the Chaiity. A Chief Operating oific¢i' ts appoiiited by the Tru3t¢os lo fftanage
and d¢v¢lop th¢ day to day OPEratlon2 of Ihe Ch&rlty. To enable ¢fficleNt iThanagemeDt developtnertt of the
or8ani5aUoTr to the Chi$f Ope4BtlrLg OEFioei' has delegated wlliority, wlthln terms of dtlegation approved by the
trllgle¢s, for0p¢l￿tIOnal matter5 including f￿￿re, employmeNI attd opci'&tions.
Rlsk manag￿￿eThI
Th¢ thang¢8 ill operalitsnal 8iid financial piwedui'es over the PBal year together With Ilie sale of the Innovatloi)
Cellti'e has &ub5fontially reducol the ongollig financial arKI opei?tlonal rlsk8 lo which Ilie Chartty ig exposed.
Tru8t¢C5 dr¢ fully consclous of the ￿Sponsibl￿111eB thi8 area,
Trustees, respDnslblllties glatexllent
The Trustees (who ara alsa dlrectOf3 of K¢ystone Dev¢lopm¢nl Trust for th¢ pu￿0￿eS of ¢oznpany law) are
respDll$ible for ptep81'uig th¢ Tnjstw, report and Ilie finaooial syaiemontg In acC￿danC8 wlth applioabla law And
Unitsd Iclngdom Acuountllig Stsndards Iunited Iclngdom Generally Accepted ACCO￿1111￿8 Pra¢ti¢e).
Company law requires the TNstèes to Pre￿[¢ finmeial siatemertts for aach fingncial y¥ar. Undgr company l&wthe
TTLL8te8smust notepprove th¢ fifian¢ial Statements unless theyair satisfled tyhatlhey give a Mieakd fairview ofthe
stateof affalrs of the charitabla co￿pai)Y and of the incomlng resour£es and application Csf r¢50Ltrce8, includlngthe
inrome And LxpendituR, of the cliAI'ltablè company for thal perlDd. In ptepaiing these finan¢lLI ilatem¢Nt8, th¢
Trustces al'e reqllli'od to:
sele¢l 8ultsbl$ accounting policies and then apply IlLem cottslstettdy.
bs¢rv¢ the metKods and principles in lh¢ Charititss SOEiP,'
make Judgtnei)ts and accouMtin8 85timates that reasottable and pnjdent,.
prepare the financial stat¢monts on the going ¢oncem basis Ltnl¢s% It Is inappropriaie to pre3LEin¢ that Itie
charitable company will contiuue in op4¥&tion.
Th¢ frujlees arc Te5pon8ibl¢ for keeping adequate a£counting reeords that are sufficient ko show 4nd explAin the
¢hartlable companys transactions &ryd disolose with rea50AAble accu1.￿Y at &tty ¢im¢ th& finanoial posiiion of th¢
charitable co￿ParkY and gnabl¢ thenL to ensur¢th&t th¢ finanGiHI stat￿￿erSts ¢omply with th¢ Conpanlas Act 2006.
Tliey are r¢sponsible for safeguiirdillg the 858ets oEtke charitable comparty and henct for taktng reasonable
sieps fDr the prevention ond detection of fraud and otheT ijTegulariti¢s,
This report was ¥pproved by tlie Trustees, OU
and slgned on thew behalf by:
Charles Watt

KEY,£I'ONE DF.vr.I.opfvtE,N'r "I'iiusi,
FINANCIAL S I'A'LLMENTS FOR TIqL YLIAII ENDEq D 3 IS'I. MAIICII 2024
tNDI,=PTr.NDEN'I' LXAMINEIR'S IILIPOR'f 'I'o 'i"EIF 'I'llUS'I'F,l=, s or KEYSI'ONE .DEVI,'I.,I)PMLN'f 'i'RIJ8'r
("rI4L Co￿)ANY,}
I report tv thc cliai'ily trustees on my ¢X￿nin￿ti0n of tho &¢counts of the compally for the y¢dl' elided 31 sl March 2024.
RESP()NSJBIt,ITIIS AND BA818 01,, REPORI.
As ihe ¢liaiity's ti'ustees of the Lompany (aiid also ils directors "for the piirposes of coinp(Iny l(Iw) you arc i'Lspon5ible
ror the prep￿atIon ofihe accoiints iii accordancL wil'h thc requii'einenty of die LoLTIP<iLiies Act 2006 ('tli¢ Act,).
IIaviiig salisficd myself tlidi tlie ¢iccount5 of dic company Eu'c nol requii'ed to bc audiled uiid¢r Pait 16 of tlic 2006
Act and ar¢ cligible for iDdep¢ndent exaniination, I report in respect of my exaniiii<ilioii of youi. cliai'ity 's accouiits
as carried oul under scclioii 145 of the Cliai-ilics Act 2011 ('tlie 201 l Act). In carryiiig out my cxainination I have
Followed the dircction5 given by the Chai'ity Coinmission undcr section 145(5)(b) of Ihe 201 l Act.
INDEPI-NDF,NT EXAMINLR'S SI'AI'EME, N'I.
Since the cotnpdiiy's gros,% income exccedcd £250,000 yOLir examinor must be a memb¥r of a body listed in Section
145 01 the 201 l Act. I confim) that I am qualitied to undertake tlie examiiialion because I am a member OF "I"he
Association of Chari'ered Certificd Accountants which is oiic of the li5tcd bodi¢s.
I liavL Coliiplcied my exarnin(tlioii. I confii'in t'hat no indtters have coinc to my attont'ion in coniiection with I'h
CX¢iinination giving ine cause to bLliove'.
accuunliiig rccords were not Iiept lli rcspect of the compic ny as required by secl'ion 3 X6 of Ih¢ 2006 Acl. or
2. I'he accounts do nol accord with those records. oi.
thc accouiits do not comply with Ihe 11cLounting requiremtsiits of section 396 of Ihe 2006 Acl other than any
requll-emcnl thal. tlie aLcountg give a 't'i'ue and .fÉiir' vicw which 18 nol a inaltLr considered as pa]'l of (In iNdcpcndLnt
X£iniinallon' or
4, the accouDts have not been prepared lli a¢corddliCC wilh ihe mcthods dnd piinciplcs ofthc Siatemenl or
RecoLnincndcd Pr&clice fur ￿COunting diid reporting by charities (applicable tt) LharitiLs preparing their own
accounts in aLcoi'dai)cc witli thL' ElindiiLial 'Repoi'liiig 8taiidai'd applicable in tl)L UK ￿lid Republic of IrGland
(IIIIS 102)).
IAN SIIII)l.EY fccA
011 AND ON13LHAI,F ()F'.
PIILN'I'IS & LO LLI)
CI-IARTr,iirI) ACCOUN'I'AN'I'S,
& tN])I"I)I';NI)I=, NI. F,XAMINP.R,8
115c Milton Ko&d
Ca￿lbridg
(;B4 IXL

rn
In tt¢ CN ro r
rn
oo* mr
rn
rq In p4
In
￿*￿tn
tsJ&,u * z

KLYS'I'ONE I)IIVL?LOPMI.'WI"I'IIIJS'I'
PA(TI2 7
FINANCIAI, ¥I'A'I,L7m￿N7.s I."OR TIII4 YI:.AII13Nt)i71) 3 IS'I, IrfAEiCI12024
11A1,ANCI:. SIIFI.TT'I'
2024
2023
Notes
IrixBD ASSETS
I'&nglble fixed pssets
lthv¢stinont$
Ii)ve8(nienl pmk)￿.uY
'I'OTAI, i.'Ixr,D ASSB'rs
12
14
13
I,Q19,043
1,004,021
25Q
350,QOD
1,354,271
350,000
1,369,043
CURI<ENI' ASSF.'rs
Stocl
Debtoi's
Ca511 al banlc alld in hand
SQD
60.724
1.067,196
1,128,420
SCIO
65,163
1,376,Q32
1,441,695
'I'o'rAL CLIRIIENI. ASSI='rs
CKI!l)I'roRs'. 8inounts falSlng duc
wiihin ono ye&r
17
174.523)
(87,622)
Nls r CilliKEIff ASSE'rs
1,053,897
1,354,073
CRI.'Dl'fofts.' &DIDvnts frdlling duo
aftoi. Mo1￿ thall 01￿ y¢M'
'I'Ol'AI. Nf1' A&qll'l'S
17
(16,527)
2,406,413
2,682,533
'I'I.II". FIJNDS oi'.'ri.ili CHAEiI'rY
Unrcstricled [￿￿tts
D¢signatcd fiiiids
544
890,000
53.405
1,137,200
890,844
Rcsiri¢(ed ￿1ndS
Rcstritttd I,'ixed Assct Fund
151.979
1.363,590
137,651
1,354,271
1,515.569
2,406,413
1,491,922
2,682,533
'I'OTAI. CIIARI'I'Y fuNDS
'I'lic trL[StC￿ conslder tliat the charilable coimpany Is cntiiled to exeinptioii froin thG I'equii'emcnt ￿ Iiave an &udil undcy
tlic pjovlslons of S¢¢tlon 47711 l Dfihe Companics Act 2006. Mott)bers hayc not requli'cd tlie Ghurl￿b[¢ ¢otnpury under
Sectlon 476 of thB Comp#nlos Act 2006, to obtain an aud1( for tlio ycar elided 3 ISL Mai'ch 2024. 'lThe dirLclors
atknowledgc their re$pollsibiltll¢s foi. cnsuring tliat the ¢l)arlt2ble company keeps accounting ￿e01'd8 whi¢h comply wlth
Sttctiun 386 Lnd 387 of th¢ Componi¢s Act 2006 and foi, preparing financilll staitments which givc a true a)Id f&ir vl¢iv
of Ihc 5E&tc of &ffairs of the chaEltable coittpany as at J 1st m￿￿h 2024 and ofits deficit for thc yc31' then endcd in
a¢coi'dance wilh tli¢ rcquii'etNei)ts DfsccEion 396 and whiryh othoThviso coimply with tli8 1rqulrcmcn￿ oftlic Act r¢lati￿2
Lo Iho financial $iaiein¢nts at fdl, lls &ppIic2blo to Ihc churiiablc coinpany.
'lThc financial stat￿n￿nts, which liavc becn prcparcd ill n￿Oi.dan￿ witi tho 9p¢ci&I pruvi$ions r¢l*ling to ¢OlTLpani¢s
suLIjcci Lct thc stnall conip8L)1¢5 r¢giin¢ wiil)in P￿t 15 of d)c Conipaiiies A¢i2006, w¢ro approvL,d by the board 011
02È
signed on I￿ bcftalf.
AKI.ES WAT'F
'rRus'riiii
'I'ho iiolos on pagcs 9 tro 19 forin parl of Ilicsc f1118iicial 9181¢1ttcn(S.

I<E=,Ys'r()Nl:' l)fvLLOPMI-.NT TIIUSI"
I-, LNANCIAL, ,%'I'A'I'EMf.N'l'S' POII "I'I IL YI=,AII ENDI.:, D 318.1. MAIIC14 2024
S'l'AI'fMEN'I' 01-, C'ASFI FI.OWS
2024
2023
Nol'cs
CASII FLOWS F", ROM OPLRA TING ACTIVITIFS
Nct casli used in op¢i'atiiig activities
20
(295,755)
(543,467)
LASII fLOWS FROM INVEsfLNG ACTIVI'I'IF,S
Iiivestinent incoine
Purcliase oftaiigible fixcd ￿setS
Proceeds on disposal of taiigible fixed assets
NfT CASI.I PROVIDEDI(U8ED) BY INVFSTtNG ACTlVI'fiLS
28.73 8
(43,J19)
1.500
17,959
(17,188)
1,800,000
(13,0111)
1,800.771
CI.IANGr rN CASEI AND CASII EQIJIV ALLN"FS IN T'l.Ir YFAII
(308,836)
1,257,304
CA81 I AND CASFI EQUIVALENTS A'f I'I-IE BL?GIKNENG or i"E.IE YEAIi
CASH AND CA%FI F.QUIVAI.F.NI'S AT I'HE END 01: 'riir YEAR
1,376,032
118,728
1,067,196
1,3 76,032
'I"lic notes on patscs 9 t'o 19 foi'iT] Part ofihe5e fin&iicial stateincnts.

I<EYS'I'ONL DF,VL.;LC)PMLIN"I' "I'IIU,8T
PACIE 9
FINANCIAI. .8'1'A'fcMfN"L"s roil I'FIE YFAR ENDLD 31 S'I. MAIICE12024
N01'FS TO "Iiir. I,'INANCIAI. ST A"ri.,:MLN'I'%
ACCOUN'fiNG POLILILS
BASJS OF PIIEPARA"I'EON OF fiNANCIAL STA"I"LMENI'S
I'lie financial stat¢meLlts h&ve been Prepared in accoi'dance with the Cliarities SUJlP (riis 102) -
Accounting and Ileportii)g by ChaL'itIC8'. statement of Recoinnicnded Practicc applicable to chai'iti¢s
prepariiig their accouiils in (￿Col.danCe witli thc I", iiiancial Rcporting Staiid<ird applicable in tlic lJl< and
Jlcpublic of Ircland (I,'RS 102) {etfLclive I sl Jaiiuary 2019, Ilie fiiiancial Ileporiiiig Stdndard applicable
in the UK aiid Republic of, II'cl&Lid (FLI8 102) and ihe Lompanies Act 2006,
l£eystone Dcvelopnient 'fNsl in¢ets thc defiiiitioii of a public benefit entity under fRS 102. Assets and
liabilities are initially i'c¢ogiiised ai historical cost or trans&ct'ioii valuc unless ulhcrwise stated iii the
relevaiit &ccounling policy.
(JOING CONCERN
'Fhe trustees have considei'cd the financial positLOlI of the chal'ity including the foi'ecasts aiid project'ions
for 2024125 wliich show Ihat the cEL￿'1ty can continue to operate. I",unds have becn invcslcd &nd will
continue to be moniioi'ed over the comlng months, The trustees Iiav¢ a i'easoniible expectdtLon Ilial Lhe
chdriiy has adequdte resourGos to continue iii opci'ational existence foi. tlic foreseeable future, 'fhu8, tli¢y
contirLue to adopl th¢ goiiig conceiTh basits ofaccounting in prepai'iiig the financial statements,
INCOME
All iiicome is i'ccognised once Ihc cliarity has cntitlcment to ilie incoiT]C, it is Pl'obablc that tlie incoine
will be i-c¢oived ¢iiid thc ainount of iiicomc rcccivable can bc Lneasuird reli(ibly,
Grants are included in the Stateinent of finiiiicial Activilies on d receivable b<￿iS. The balaiice OF
income received foL' specific putyoscs bul not expcndcd during Ilie period is showi) iii thc relevant
rullds on the balance sheet. Where inLOITLL is reeeived in advance o'f eiititlemenl Dfi-eceipt, its
recognition is defeLT¢d and included in croditOLS as defe￿Cd income. Where entitlemeiit occurs
bcforc iiicoine is reccived, lh¢ incorn¢ is acci'ued.
WhLI'e the do1￿£¢d good is a fixed assct, it is measured at fail. value, unlcBs it is impi'aLtical to Incasui'¢
this reliably. in which CPLSC tlie cost ofihe it'em to tlic donor sliould be used. The gaiii is recogiiised
as incoinc froin donal.loi￿ aiid & COiTesponding amount LS includcd in thc appropriale fixed a5SCt ¢la55
and depreciated ovei. tlie useful e¢onomic life in accoidance with thL charity's accouiiling policics.
On L'eccipt, donalL.d profcssional s¢i'vices and facilities are recognised OLI the basis of the value of the
gift to the charity wliicFI is the amouiit it would have boen willing lo pay to obtain scrviccs oi. facilities
equivaleiit econoinic benefit on the open imai'ket., a cori'cspoi)ding d1110unt is tlieii i'ecognised in
expendituir in tlie period o'Freccipl.
Iiicome lax recovei'able in relation to doiialions received vnder Gift Aid or l)eeds ofcovenant is
recognised at the titne of Ihe donation,
Tiicome t￿ recoverable in i'elation to investmcnt income is recognised at Ihe lime the invcstLneiil'
iiicoine is i-eccivable.
Otli¢i' in¢oine is recognised in ihe pgriod in wluch it is itceivable and to the cxtcnt the goods have bcen
provided or oll coinplelion of tlie sei-VLCC.
liXPENDE'FURL
Expcndituye is recognised oiicc there is & legal or constrLiclive obligdtlOLI to Lrtlnsffcr economic beiiefit
lo a third party, it is prubablc tliat a li'ansfei. ot cconoinic bLncfils will be required iii seltlLmciit aiid
Ihc ainount of the obligation can b¢ Ineasure reliably,
Expenditure 011 rdising fuiids iiiclude all expenditure incuiied by tlie cliarity to raise fLmds For its
cliai-it<iblo purpuses and includLs costs of &ll fL￿dr￿ls1ng dctivities cvents and iioii-charilable trading.
Expenditui-e on cliaritable dcliviliLS is inciiii'cd on directly u11deit&lciiig Lhe aclivilics whicli furllicr thc
chai'ity's objoGlive5, as wcll as aiiy associaled support costs.
All experLditure is inclusive of iiyecoverable VAT.

ICI.'YS'I"ONL DI"VF.LOPMLIN'I' I"RUS'I"
PA(Jl,; 10
FINANCIAI. 8'1'A'I"BMBNI'S FOII 'I'IIB YLAII E-,NI)LD 31 S"1" MARC'FI 2024
NOI'FS TO -I'iIE fiNANCIAI. SI"A"fLqMFNTS
CJOVFRNMEN'f (JRANI'S
(Jovcrninenl granls rclatiiig to tal1￿1b1￿ fixcd assel's arc Ii'e¢ltL,d dcfoii'ed iiicoinc &iid r¥le<ised io
the StateineTrt oFI."inaiicial Activities over ilie expect'ed useful Iivcs L>fthe assels eonccrned. Other
-ants are ci'cditL,d io tlic Stttlcment or r4 inancial Activities as I'he relaled expcndilurc is incun-cd.
IwrERESI" RECEEVABLE
Int'ei'osl. oil fuiids held on deposit Is includcd wh¢n re¢civablc and the arriount. can be measured reliably
by the ¢hai'ity' tliis is noLinally upon notifLcal'iL>n of the inle,rest paid 01- payable by the inslilutioii with
whoin funds ￿e deposited.
'T'ANGIBLF, fixED ASSLTS AND DEPEIFCIA'I"ION
Tangible fixed assets costing £250 or mol'e ¢ilf Capltalised,
'rangibl¢ fix¢d ass¢ts, ollier than I'reeliold IJaiid and Iluildii)gs, al'e initially recognised al cost. AAer
rccogiiition, undoL' tlie cosl illodel, tangible fixed agS¢ts are measui'ed at cost less accuiiiul¢ited
dcpL'eciation and any accurnul(Ited iinpaLTmcnl losscs, All c051s incuii-ed to bring a langible fi'xed asset
into 115 intended woi-king conditton should be included in the measuT¢ment o'fcost.
Fi'¢eliuld I,and aiid Buildiiigs had becn recugnised uiidei. Ihe cost model however, duLLng 2020 tlie
13oaLd decided to adopt tlie revaluation mod¢l. Undei. the rgv&luation inodcl fireeliold l.aiid and
Buildiiigs air initially reLognised dt cosl. but thereafter will be sl&ted &t fair v&luL whci'e tliis c&ii b¢
Imcasurcd i'eliably.
Rev(Iluatioiis al-e m<tde with suffi¢ieiit regularily to ensuic that dic cairying ainount. does not dilTer
m&tci'ially froin t'hat which would be deteiinined using f&ir value at ihe end oflhc reporting date.
l.'Iiir v&lues are dctoriniiied from ni(Ii'lcet-based cvideiiL¢ by appraisal ilial is noi-mally undeitakcn by
profcssionally qualificd valuci-s.
Gains and losses on I.ev￿uatiOI] arc recottLiised in the Slat&nent o'f Financial Activitics, with ¢1
scparate iev&luation Tesorve bcing sliowiiig in the Stateinent of fuftds note.
Depi'cciation is Provided on tli¢ following bases;
nprovements to propeity
l O yeai-s stiaig]il lin¢
Plant and machinery
5 years straight liiic
Motor vclii¢le8
4 years striiight liiie
Computcr cquipinenl
3 years straiglit lino
INVESTMENTS
l-ixed asscts investinellts are a'forni of finaiicidl iiisti'ument and are initially rccogiiiscd at thcii.
tL"ansaction cost aiid subs¢qucntly Ineasurcd ai fair valuc at the balaiicc slieet date, unless the value
cannot be measui'cd i'cliably in which ca.ge it is Ine&￿￿-ed dl cost less impaiiTheiil. Inveslincnl gains
and losses, wh¢lher realised oi. uiii-calis¢d, are COLTJbined and presented as 'gainsl(losses) on inv¢stmcnts'
in the Slaleinenl of financial Activiti¢s.
STOCICS
Stocks are valued al. Ihe lowei. of cost and net realisable valuc afleL' Inal<ing due allowaiice foi. obsolclc
and slow-moving stocks.
1,10.
DEB'I'ORS
Trade and other debtors al'e recognis¢d at the settlement amount ttfter any tradc dis¢i)unl offered.
Pr¢payments al'e valued ai ihe ainount prepaid ncL of any tradc discounts duc.
CAS'I.[ AT IIANK AND IN I IANI)
L(￿h at banlc and iii liand iiicludes cash and shoit-term highly liquid investFnciits witli a shoil Inaturity
of Ljii-ee tnonths or Icss from thc date ofacquisitioll OL. opening ofthe deposit or sitn11￿ accounl.

KFYS'E'ONf, DEVLLOFMfNr 'riius'r
PAGI,. I
riNANCIAI, s'fA'fLMENT8 FOR'I'FIE YLAR F,NDF,D 31.£'I' MAKCII 2Q24
NOI'I'.;S 'I'O 'I'I.IE fiNANLIAL, S'I'AI'LMI,'N"r8
l.12.
I.IABILII"IES AND PROVISIONS
Liabilities are recogniscd whci'e there is an obligatiOLI al tlio bdldn¢¢ sheet dale as (I result uf a past event,
it is probable thal a transfer of economic bcnefit will bc required in setL"Icment, and ilic ¢iiiiounl of Ilie
scltlencnt cali bo cstiniated reliably.
LiabilitiC5 arc recognised at ihe amounl tELal the charity anlicipat¢s it will pay to settle the debt or the
amouiit Lt has rcceived as advanced payrnents for tlie goods or services it must pi'ovidc.
1.13. FtNANCIAI. INSTRUMEN'rs
I'he charity only has fiiiancial assets and financial liabilitiLs of d kiiid iLiat qualify a5 bpASiC fiiianci&l
iiistruments. Bas(¢ fiiidncial insti'iimeLlts are inÈtially recogiiised at t'l'Éinsaclion Vdlutt aiid subsequenlly
Ineasured at. their s¢ttloinLnt vajue.
1.14.
Pli.NSIONS
'riie charity operal'es a defined contribulion poiision schcme and ihe pension chargL represents the
ainouiils Pdyable by tlie chai'ily to the fund in i-espcct of tli¢ year.
I,'UND ACLOIJNTING
Geiiei'al funds are Linresl'LiCted funds which are available for uso at the discrel'ion oFthe tru5L"ees in
Furthei'aiice of the gcn¢ral obj¢ctives of ihe cliarity and which have nol bcen designatad foi. other
PLirposes.
Eicsti'icted funcls ill'c funds which ai'c to be used iii dCCOI-dance with spccific rcslrictions iinposcd by
donors or which h&vc becii i'aised by thc Lhdrity lot. particulay PLirposes. 'I'h¢ costs. olraising aiid
ddininisteL ing such funds are ¢harged ag'¢tLnst the specific (llnd. I"li¢ aiin aiid use of eaGlI i-estricled
fLind 15 set out Ln thc note8 lo the fiiiancial st'atcments.
(:Ri'ricAL ALCOIJN'fINCy F,S'I'IMA'fEs ANI) AIILAS 01- JUDGLJML7NT
Estiniatcs aiid judg¢meiits are coiitinually Lv&luated and are bascd on hi5lorical LxpLrieiiLL &tiid otlicr
factors, including expectatioiis of future events I'haL are belicvcd io be I'¢ason(iblc Liiidcr the
CiTcumstanc¢s.
Crili¢al dccounting estiinates and assuniptioiis..
Tlie cliarity m&kes eslimales dnd assulnptio1￿ concerning th¢ futurc. 'I"he resulting accouiiting estiinat¢s
dnd assuinptions will, by dcfinitlOLI, scldom cqu2tl Ihc i-elated actudl rcsults. 'I'hc e%timates aiid
assumpiions that have a significant rislc of causiiig a matei'ial adjustinent lo Ihc CaiTyiiior aLnouiits of
assets and liabilities widiin the next financial Ye¢￿ are discussed below.
Critical areas of jiidgement:
Iii assessing tlie calrying valu¢ of taiigible fjxed assets die tiustees cstimattt the anticipatrd use￿1 lives
and r¢sidiial v&luc of Ihc as,8els.
3 INCQML FROM DONAI"IONS ANI) L,EGACILS
- CURRf,NT YLAK
Uiircstricted Reslrictod
Tr'uiids
2024
Tol&l
I",unds
2024
2024
l)oiiations
280
600
880
- PRIOR YI=AR
Unrestr(ctcd Restt'ictod
Vunds
ruiids
2023
2023
'I'otal
F"Linds
2023
Donations
760
760

IcrYs"I'ONL I)L-,vr,J.OPMI-N'I" I'IIUS'I"
PAGE 12
lilNANCIAI, s'fA'I-EMJ",N'I"S I,'OII"I-IUI YLAR r.NDf,.D 3 Is'r MARCII 2024
NOI'L8 1.0 I'IIL I,"INANCDiL S"I'A'I'EMFN'rs
INCOME FIIOM CI4AJlI'fABLE ALI"IVITIES
- CUIIRf,NT YEAR
UnL'¢strioted Eiostri¢ted
F unds
Fuiids
2024
2024
'lotal
2024
Gi'ants
Rental incuinc wid servic¢ charge
Eioom liire
Gi-ceii bikesrrii¢tfoi'd shcd
ccha]'gL's
Mis¢¢llaneous
78,654
78,654
124,134
20,692
2,957
19,721
1,270
247,428
124.134
20,692
19,721
1,270
168,774
- PRIOR YEAR
Unrcstricted Resti'icted
l-, unds
2023
'I'otal
l.'uiids
2023
2023
Gi.¢￿ts
Eiental illCOLne and sei'vice chai'ge
Room hire
GLcet] bike5friietFoi'd shed
Rechdrgcs
Miscellaneous
17,929
17,929
237,491
22,181
1,993
22,556
2,394
J04,544
237,491
22,181
1,993
22,556
1,894
500
286,115
18,429
INVES'fMF.N'I' INCOMr,
. cuiiiir.N"f YF,AR
Unrestricted ReslTiCted
I", Ltnds
2024
"Fotal
Fuiids
2024
2024
Rental iiicomo - St Jolins
Banlc iiiterest i'eceived
12,520
12,520
16,218
16,218
16,218
12,520
28,738
- PIUOII YLAR
Unrestricled Restricted
Fuiids
unds
2023
2023
2023
Rental in¢um¢- SÈ Johns
Bank LLlterest received
17,520
17,520
439
439
439
17,520
17.959
6 INCOME FROM OI'HER 'IIiADING AC'I'IVI'I'IES
. CURRf,,NT YEAEi
lJni'eslricted Restricted.
Funds
2024
'I'otal
iuiids
2024
2024
389
389
- ptUOR YF.A
Ui)rcsti'icl¢d R¢sti'ict¢d
Iluiids
l?uiids
2023
2023
I'otal
Funds
2023
1,810
24,072
25,882
1,810
24,072
Coiiferencing
25,882

l(F, Ys'foNE Df.vr,i.OPMEN'f TIILJS'I"
PAGL13
I,'INANCIAI, S'I'A'I'LMT:'N"I"S I,'OR'I'I.11,' YLAR I=,NI)LD 3 ISI. MARCII 2024
NO'I'k,'% 'l'O TFIF %,"INANCIAL s"fA'fLMF,N"I"S
EXPENDITURE ON tiAistNCJ FUNDS
- CURRENI. YEAR
Uni'esti'icted Restricted
Funds
Funds
2024
2024
'L"ol'al
2024
C'afé- food
afé- otlier
Confei'enciiig - pi'emises costs
Bikes and sheds
10,790
740
135
5,382
10,790
740
135
5,382
17,047
17.047
i.=xpr,NDITURL ()N RAISING I.-IJNDS
- PIiIOR YEAR
UnJ'¢stricted Ele5ti-Ictcd
Total
I,"uiids
2023
2023
2023
Café - food
CLtfé - otlici.
Coii'ferencing - preinise5 cosls
Bikes and sheds
495
103
2,286
394
495
I03
2,286
394
3,278
A.NAt,YSlS QF EXPENDITURE BY AC'I'lVI'I'irs
- CURRT.',N'f Yr.AR
Activities
undcrtakc11
dii-cctly
2024
,Suppoi't
vsts
2024
'rotal
fund.8
2024
Cliarildble (Ictivilies
351,993
186,015
538,008
- PRIOR YI-.AR
Activities
undci'takeii
dii'octly
2023
£LIPPOL'I
cosls
'I"otal
runds
2023
2023
ChGiritable activities
414,211
268.567
682,778
ANALYSIS or DIRF,CI' COSI"S
'rotal
ruiids
2024
'rotal
2023
Slaff costs
Rent, raLes and utilities
Pi'einises costs
IIisLErance
Ilepaii's and inainteiiance
Technology costs
Othei- direLt' costs
'I'i'avel costs
AdveriiSlLig
Staff trainiii(r
Vehicle costs
Revaluationsliinp&ii'inents
Deprcciation
Loss on disposal of fixed &%set Invcslmcnt
Sundry expenses
86,06 I
88,375
68,269
21,549
21,168
8,983
61
3,128
64
10,430
3,914
13.879
14,418
250
11,444
125,183
166,545
81,757
19,175
28,630
11,589
1,747
2,078
350
827
3,718
(43.100)
2,165
351,99J
414,211

KI:,YS'I'()NIj [)LVI.,;I.()PMLNT 'riius'i'
l)A(iL,; L4
I,"INANCIAL 8'fAI'LMf,N'i"s roil 'I'iiL Yi.'All b.ND£I) 31 ST MAIICI12024
NO'fF,S TO I'blE-, FINANCIAL S1'ATEMLNTS
ANALY,8IS OF SUPPOR'I, COSTS
"I"otal
"fotal
liunds
2023
2024
Slaffcosts
Finance and professional fees
Generdl office
Coinniwiicalions and I'f
Goveriiancc costs
Poslagc aiid slationcry
80,000
58,189
21,594
8,874
13,366
3,992
105,000
96,981
36,026
15,055
9,660
5,845
l86,015
268,567
INDEPFNDENT EXAMINE.II AND AUDII"ORS RLMUNERA"fIoN
2024
2023
rccs payable to tlie chai'itls independent exaininer
2,650
2,500
10.
S'I'AFF COSTS
2024
2023
Wages and SaI￿.1c8
Social security Costs
Coiitribution to dcfined contribulioii peiisioii schcmes
158,591
3,550
3,920
217,283
8.546
4,354
166,061
230,18J
2024
2023
"I'lic averagc nuillbei- of peLsons ¢mploycd by tlie chaiity duriiig thc year
No eillployee i'eccived remiinerat(oii ainouiiting i'o more than £60,000 in eidici. year,
'fhe total amouiit of employee ben¢fLts (iiicluding cmployer peiision ¢oiitTibulions) reccived by Icey
mdnageiiicnt. pei'soni)cl for ilieir scrvicos to thc cliarity was £64,879 (202J'. £54,268)
I'hc mancigemeiit team is Ricky Aylolt (Chiefoperations Officcr) dnd Alison Jucno (E)cputy Operat'ion
Officcr).
'rRUSTEE% RF.MLtNt,'IiATION AND EXPFNSES
DLiring the year. tio ti'ustecs receivcd any rcmunLtztion or oLhci- bencfit5 (202J', £NIL,).
Dui-ing the yeai, ended 31sl Marcli 2024, £209 worth of cxpenses wcre rcimbui'sed or paid directly to 2 truslecs
(2023, £Nil)

i o
en
oo r4 0
*t en ¢Th
trj
oo *t
mc
cn
cn
rn
rn
Ft rry
rq
¢n
rry
frym
rn
cr)
O Q) sJtyl
cn
cry
rry
rn 4)
Uo o)
l U<<Qr4 < Q<UtUcd <
V<f<o2 < o4u < I

KI,'Y,STONb DLIVELOPMEN'f i'RUS"I'
PA(JL 16
F INANCIAL s'fATL7MEN'I'S I.'OR TFIL, YEAR 8NDLD 31 S'I, MARCH 2024
NO'I'L?s 'io 'riiB I-, INANLIAL S'I"ATLMEwrs
INVLS'fMF.NT PROPERTY
141'cc1101d
liivestment
Property
2024
Freehold
Inveslmcnt
Pl'opcrty
2023
VAI,UA'fioN
Al I st Api'il 2023
At 31 st March 2024
350,000
350,000
350,000
350,000
'Flie 2023 and 2024 valualioL1S were made by ihc dir¥clors with refcrence to thc rL'Icvdnt soui'ces, Tlic
values are fail. value, based oli op¢n Inai'ket vdlue.
14.
IXFD ASSET INVFS'I'MENI'S
lJnlisted
ljnlisted
Investsllent5 1nv¢stments
2024
2023
COS f OR VAI.UA1'10N
At Ist April 2023
Disposal
At 3 ISL March 2024
250
(250)
250
250
The inve31Tnent repi-esenls 250 ordinary £1 shill-es in fouiiddlion Ei ast, a nol foi, PTofit organisation
opei?ting across uffoll(, Noi-folli, b.ssex and Laifftbridgoshire? providing support to busincsses. social
entetT)I'ise8 and iiidividuals thal cawiol. get a baiik lo￿1.
15.
S'I'OCKS
2024
2023
Raw miltei-ials dnd coi)sumables
.%oo
500
DPB'I'ORS
Due wilhin oiie ye￿.
Trade debtors
Other dobtoi's
Prcpayments and Etccrued income
2024
2023
36,530
6,300
17,894
12,252
21,268
65,163
17.
CIIEDITORS
Aillouiits falliiig due within one year..
'rrade ci'editors
Other laxation and social s¢curity
Other cred(tors
Bp£nl< loan due iii oi)c ycdr
Accru￿5
Defcrred incoine
2024
2023
l7,124
3,388
495
10,086
2B,202
15,228
36,557
906
10,6411
27,444
12,067
74,523
87,622
CRF.DI'I'OIIS
ounts falling (fue <iftLI' l yea].:
Banlc loall
Due 1- 2 yetws
Due 2 - 4 years
2024
2023
10,347
6,180
10,648
15,163
2.5,811
16,527
1"1)e bank Iodll IS sccul'cd by a fixed clidrgc oli frLehold land and neg£tlive pledge.

Kl-Ys'foNE DEVEI.OPM£N'I I'EIUS'I.
PAGI.: 17
I-, INANC'IAL SI"AI'F,'MF,'N'FS I,"OTI 'I"14r YFAR LNDLD 31 S'I" MAIIC14 2024
NOTES -I'() I'IIP FINANCIAI, 8'fA'I'EMEN'I'%
2024
2023
Dcferred iiicoille at I st April 2023
Ilcsoui'ces defeired dui-ing iho yLai-
Ainouiils releascd froin previoLlS pcriods
Defcrred inconic at 31 Mai'ch 2024
12,067
15,228
(12,067)
15,228
42,551
12,067
(42,551)
L2,067
l)cfcrr¢d inconie compriscs rents for pei'iods iLi (￿1VancO and i'cnta] deposits held,
s'rA'fF,MEKf or ruNDS
- CURtiEN"r YEAR
Balance
Balance
TraiisfeLS
at 31st
iiil(uut) Mktrch 2024
April 2023
Iiicoine
Li xpenditure
UNIIES'fKIcI'ED E",UNDS
lJnreslTlCted funds
Dosignated funds
53,405
1,137,206
1.190,611
187,161
(471,906}
232,184
(247,206)
(15,022)
844
890,000
187,161
(471,906)
890,844
RESTRTC'fED FISNDS
Iceystone Coininuiiities
I<eysloiic Resources
85.917
51,734
79,254
12,520
(70,379)
(12,520)
(82,899)
5,453
100,245
51,734
137.651
91,774
151,979
RESTIUCI'F.I) E,'IxfD ASSBTS FUNDS
Cliildreii and Youth
Keystone Propei-ty
5,453
1,348,818
(5,453)
15,022
(250)
(250)
(83,149}
(555.055)
1,36J,590
1,354,271
9,569
1,363,590
'ro'rAL IU,'STIIICI'ED fuNDS
1,491,922
91,774
15,022
1,515,5CI9
'I'o'rAL or i.-UNDS
2,682,533
278,935
2,406,413
S'FATEME.'N'I' OF fiJNDS
- PIII()K YEAR
rsdl¢ince
Balai)c
"I'raiisfei's
at31st
in/(out) Mai'cli 2023
April 2022
Income
Lxpenditure
IJNRES'rRic'rED I-, UNDS
UnrcslTlCted fuiids
Desiglldted funds
(227,049) 400.857
(650,107)
529,704
1,137,206
53,405
1,137,206
(227,049) 400,857
(650,107) 1,666,910
1,190,611
RF,STRICTf.D FUNDS
Iccystone Coinilliinities
Iceystoiie RLsuurces
85,917
51,734
137.651
18,429
17,520
35,949
(18,429)
(17,520)
(3 5,949)
85,917
51,734
137,651
RES'fiiiL TF.D I.'IXED ASSE'I',% fiJNDS
Children and YoLIth
Keystoiie l)I'opeity
5,453
3,015,728
5,453
l.J48,818
(1,666,910)
(1,666,910)
(35,949) (1,666,910)
(686,056)
3,021,181
3,158,832
2,93 1,783
1,354,271
1,491,922
2.682,533
I'OI'AL. RESI'lllC'rrD FUNDS
35,949
'ro'i'AL or FUNDS
436.806
DESIGNATCD fuNDS
A bi'ealcdowii of tlie d¢signated funds cai) be found wilhin th¢ Trustecs Ileport ILI tlie reserve policy oil page 2.
CHILDREN AND YOUTH
'I'o provide youth aiid childi-cn's activities in tlic local are<i.
ICF,YSTONE LOMMUNITILS
I'li¢ Eiinds pi-ovide support For Loinmuiiitles (Lnd groups lo hclp tliemselves build the capdcity of
neiglibourlioods.

ICb.Y81"ONI=, Iir.vi-, LOI)MJ,:N"I" TLIIJ8'1'
PA(ir, I
I",INANCIAL S'I'AI'LIMLNI'S I,"OR I'111=. YL7AEi ENDb,D 31 s'r MAIIC'II 2024
NO'ILS 'fo I'llLI P INANCIAL s"fA'I'EMLNTS
KEYS'I"ONf, RESOIIRCLS
A divers¢ portfolio of buildiiigs owiicd by tlie Trust thi'ough which incomi is geiicraled aiid space
providod lo pr'ojccts for theit) to carry out tlieir work, Tlie L'cstrictioii was lifted following 1110 disposal of
propcrtics iii Ihe cui'i'iiit ye&i' aiid accurdiiigly d traiisf¢i' oltlio.%e funds m(idc t'o Oul. UllTestriclcd Fuiids.
ANALYSIS or NEI, ASS'E'I',8
19.
Uiir¢stt'icted
l uiids
(in¢l..
designated)
2024
Rcstrictcd
Restt'icted T4ixed Ass¢t
l-,unds
2024
- CIJRREN"I' YEAII
"I'olal
2024
2024
Tangiblc fLxed assets
Investment pi'opeity
Gurrenl assets
Lredilors
I,Ol3,590
350,000
5,453
I,O19,043
350,000
1,128,420
(91.050)
2,406,413
15l,979
976,441
{91,050)
890,844
15l,979
1,363,590
- PRIOR YLAR
Unrestricted
I,'unds
(incl:
designated)
Restt'icled
Restricted fixed Asset
FLinds
l-, Linds
2023
2023
1.unds
2023
'raJigib2c fiycd asscts
rixed asset iiivcstineiits
Invcstment property
Currcnt assets
C'i'cditors
1.004,021
250
350.000
1,004,021
250
350,000
1,441,695
(113,433)
2,682,533
137,651
1,304,044
(113,433)
1,190,611
137,65l
1,354,271
20.
Rf.CONCILIATION OTr NE'I. MOVEMENTS IN fuNDS TO NBT (:ASH FLOW I.'ROM
OPLIIATING AL'fivi'FIES
2024
2023
Nct (expenditui'e)lincoinc for Ihe period (as PLr Slatoment of Fi inaiicial Activities)
Adjlistinents foi..
Doprecialion ¢hai'ges
Investment incom¢
Revaluation of fix'ed asscts
Profit on sale of fixcd assets
(Incredse)Idccrease iii debl'ors
Increase in creditoj's
(276,120)
(249,250)
14,418
(28,738)
13,879
(1,250)
4,439
(22,383)
(295,755)
13,546
{17,959)
(43,100)
(86,i48)
50,836
(211,192)
(543,467)
Net cash used in operatiiig activities
21.
ANALYSIS OF CASH AND CASII EQUIVALEN'I'S
2024
2023
Cas11 iii liaLid
Casli at ban1<
4,449
1,062.747
1,371,673
1,376,032
'rotal ¢&sh aiid casli equival¢llts
1,067,196
22.
prNSION COMMII'MEN'I"S
Tlic ¢liarity operates & (lefincd conti-ibulioi?s pension scliemo. I'lie asscls of thc scheinc are held
scparalely froiii Iliose of tlic chdl-Lty in dll 1iidependollt.ly adinintsleird fund. 'fiiL pLiisioii cost chai'gc
reprosonts conli-ibutions payable by thc chai'ity to the fund diid aLnvut]ted to £2,6JO (202i
Conlributioiis totalling £495 (202)
£4,3 54)
11IGluded in creditoi-s.
£nil) were payable lo Ihe fund al tFLL balaiice shLe( datc and aLe

ICF:'YS'FONL DEVELOPMI-N'I I'IIIJS'I,
PAGf. 19
I,'INANCIAI. S'IATE,:Mbbrrs roR THE YEAR LNF.I) 31 S"I' MARCII 2024
NOTES "ro Tl.IE fiNANCtAI. s'fATfMf..NTS
23
RELA'fEI) PAlI'fY 'iRAN8AC"fioN8
Duriiig tli¢ Ye￿., t11e chai'ity purchased professioiial seiwices lotalliLig £2,400 (2023: £2,867) fr011i
Ante LLLnited, a coinpany which Clive Wadhain-smitli, a trustec, is a dii-eclor. A8 al 3 Isl Mai'cli 2024
£200 (2023., £424) was owed to Anlc Limited and is iiicluded withtn tradc creditors.