COMPANY REGisfRATION NIIPIBER: 04793697 CHARITY REGISTRATION NUMBER: 10MI0 Carllsle Key Company Limlted by Guarantee AMENDED Unaudited Financial Statements 31 March 2025 Chartered accountants Briar Lea House Brampton Road Longtown Cadisle Cumbria CA6
Carllsle Key Company Llmfted by Guarantee Flnanclal Statements Year ended 31 March 2025 Page Trustees. annuai report (incorwrating the director's report) Independent examinerfs report to the trustees Statement of financial activities (including income and expenditure account) Statemenl of financial position 11 12 Notes to Iho financial statements 13
Carllsle Key Company Lirniled by Guarants• Trustee8' Annual Report (Incorporatlng tho Dlreetotrs Report) Y•ar •nd•d 31 March 2025 The Iruslees, vtho are dso Ihg directors for the Purr8$ ot company law, pra88nl thalr report and lh• unauditts)Y fina statemènts of the tharTty lor the year 8nd&J 31 March 2025. These unaudited finla1 $tstosm¢nts T8¢& tho stal8m8nts sutrxnitted lo Companies House on 22 December 2025 Rol•r•nu and mInI11ratIVe d6tall• R•ql•l•r•d ¢lb•rlty n•n Carlisle Key Chlty r•ql#trtlon numb•r 1099610 Comwny r•gl•tr•tlon numb•r 04793697 Prln¢lpal offl¢• and vegl•t•v•d 123-127 Boid*rgato offlc• Cartislo CA1 1RZ Th• tru•tM• PM Colla GL RkhJQll S March R Dobson K Ell-Byern CAWdls J Mallison Mr ME Vos¢ (Died 17 Octoter 20241 (Resigned 8 January 20251 (Appointed 10 September 202SI IApp)inlgd 19 May 20251 IAppoint8d 23 April 20251 IApFoinled 12 March 20251 (Appolnled 24 October 20241 Ind•pend•nt examlnor Mr RW Gorth)n, FCA Briar Loa House Brampton Road Longtown Carli818 Cumbria CA6 STN Stru¢fyr•, gOv•Mle0 and Carflsle Kay was èstablish&J as a re0ister chaty in 2003 under the namg Communlty Projects Cadlsle and officialty incorwrated as a charitatAe company later that yvar. It was In 2016 that the charity was reiwarKl8d as Cadi5b Koy to refie(a its mission of supporting young peoplg agod 16.25 are experierKwvJ 1melessnesS or arg at risk ol bgcoming MelesS. Youlh IK¥me1essrS in the N4)rth WesL as across the UK has reachgd levels, with the latest IwJures from Centrepjint shoMtvJ I36,( young p80e.
Carllsle Key Company Llmfted by Guarantse Trust. Annual Report (InCOoratIng ihe Dlrectorfs Report) f¢ Year ended 31 Mar¢h 2025 Carllsle Key exlsts t4caLsse youThJ pecfdo dgsgrvo saloty. dvJnty and a homè - not as a prtvllege bul as a human rKJhl. Yel every week in Cadis$8, youNJ peO8 are lorced lo nawgalg hOme$no$S. Fovety and systems which become more complex each year. We staThJ beside t1 to ensure they are not laft to face th088 challengès alone. Our Dropin ctrO Is a lilellne.. a place to be listened to, bdIe¥I, and Swortl thOut judgomont. Herg, youw a¢¢ess &rt•, lood. warmth, dlpital connoc1n and Somoono WI cares orUgh lo tyht for them. Because ol the thal high reed of housiThJ, we started our 8UPPQrted aCts)mmCJat In Do¢ember 2019 to provkle a sale, stable place lo INe. arKI a lyi(53e loward Indepgndence. Wo take a pefsoTr¢enlred apwoach. YouTrJ p8Oe who rAme lo us often swak of thelr proiAou$ houslng and lad( of 811PPOrt. We advocate relentles8ty to ensure thelr vow are heard by local aulhorile8, lalord$. Iho DWP, heatth and Social care, aThJ nab'onal sy31ems that are often inaccessiiAo arKI inllexible. Wa do not a¢e8pt 'no' wh8n the law says ¥es.' We accompany youw pecOe lo their aFwinlrnenls arKI supwrt them vrith Ihelr nood8. Homelessness is onty at¥)ul trusing. 11 is atthrt trauma. exF4oitalion. lear. mental health and bging displaced ttween housing. W• ¢hdlenge ihal narTl¥¢. We oncourage young Feople to tAJild the luluio they want- not Iho futur• others assume lor tsm. ObJ•ctlv•• •nd •clfvltl A8 oudin8d In our Memorandurn of As8odatiM, the c4)re owtive of Cartbslg Key ts to rollev• tho need, hardship, and distress experienced by ywrwj FeOF4e aged 16-25 in Carti8 a1 its surroundlrYJ districts. We achSeve Ihls through tho provision of gmgrggrry ovemight acrommodabon and a range ol related 58Mces dosignod lo guKle them luwards indep8rKl8nt I1). Our mlssion Is lo empower youvwj peoFde prevenl Iv)melessngss. We aim lo do th1$ by prowding lalore(I suwK•rt senices ttwl womole Foryterm slthlty aThJ ir¥Japendence. These Sèrvices include nol only accommodatn I1 ¥0 eaty intervention prc¥3rams and various other pathways to help young peoF4e overcome barwTS arKI reath their fiAI polentd. Our ¢omprohen$ive serv$ are adaptsde to the unHua ne8ds of èach irKlivIdu wo sgrvo. Thoy irKludo Ic¢al Dropln C¢nlTe. SUPPOrt8d a0mMJaIlOn, wèll.beiThJ programs, ccwnse51ing, aThJ holtstic advice servrces. Al carl10 Key, offer an array ol supw¥l seNces sh as: . Housing advocacy and homdessness prevth . Benelits advi¢e. and income security . DvJital access.. ntrs, WkFI. MPU$ - One-to-one welltr*iThJ support - Practical basics: loc4J. toiletries. cbthir¥J Cour6elling sesstons al dropin - Tenancy sustainment and financial planrMNd . AFwintment suppowathocacy
Carllsle Key Company Llmlted by Guarantee Truglees. Annual Report (Incorporatlng ihe Dlreclofs Report) Year ended 31 March 2025 obj1 •nd •¢tlvlil•8 {¢onU Charlty l10n he iell ol wd, hardshi) aTrJ (J8tre68 01 pwlg &3ed 1&25, in Cat1isl8 and Dist by Ihg provision ol emergency overnvJlrt accommodation and other related servw and to encourage Irn towards indeFend8nt liwn¢. Cartisle Key vdu8s arkj beIls. . thays lo allovial8 the dk8lress and hardship laced by youro adults caused by wcèlems ol housing, finance8, homeleSssS and person weWar8. Longer term, our Is lo empower Carlisle's young peo to unlock 8 happy. sgcure and Ilependent lulure. tgkirvJ an active and )sitIve role in the communrty.. How •upport youfig pwl• Every young person who walks through our dropyi centre comes with a drflorenl story - bLrt a shared eXPernce.. systems that were supp)sod lo protect have not. Some havo had b8nglits slopped wittr¥)ul warnir¥J. Othors have left the gUAjar and support they werg promised. Somé went through lamily breakdowns. Many are carrying trauma that mak8$ trusting services dilliculL Our Drop-ln Centre exists to remove those bam'ers to safety an(1 slabilty. Young people can attend %Mthoul appowitrnent al the moment they need support . not weeks laler. The welcome is immediate and cOmpassnate. Staff lak8 as bng as required lo understand what is twning and what rights aPy. Th? majorty ol our SUPFQrt t4gins vmth housiThJ and income- the loundab'on Irom whth everything else grows. Wo rar¢ty iurn away a foasonabla . 11 a pwson noth 11ob. wo lll firK1 a rout8 1011. Otrr8 refer directty into our sermce, often recommended by their Inendship circle. We are flexible, proacb've, and P9rslglenl in ensuring the r¥Jht OLrtcome Is reach•J. Thg Dr(pin is also the pathway into oui supported a0mm0#t10n. For many. w8 arè the rgason Ihey avokj rough $10OF4n9 allogelher. Our advocacy has a real linanci impact. Orn young person recenty had lhr benefits daim cut during a nationd period ol n61it sysiem prossur¢. Worknng ¢10$6ty %MII) Cumbria Law Conire and the Job Centre, w8 successful challenged the deciwon - their benefits were rwnstaled in fijll months later. wlh all missed payments backdaled. Thls made the dtt18ree bewn aThJ 8lab'lty, and protected thelr rtsJht lo an income. Homelessness does nol resdve the day accomm(hJalk)n Ls found. Our work contlnues Into 8labilily lor as long as young pe09 ne•a us - 8omets.mes months, 80metimes yews. We remain a con84slent presence when lilg becomes difficuft again. ensurirvj r¥) young pgrson falls through the cracks. We 30 run the yJrj Pe( in Need FU1. prevwts Ity from b8comirvJ a crisis. This yoar wg invesled £11.358.14 directy inlo emwgency need. or th¢s, we spenl somo on: . £5.582.77'. accessing aOrnoda1ion ol any kind - t1,7.29: arrears Weventi to stop evKIM- £3.382.92.' househokt goods 18s8entral luinriur8 + vthilo goods)
Carllsle Key Company Limlled by Guarantse Trustees. Annual Report (Incorporntlng ihe DSrector'3 Report) Yr and 31 Mar¢h 2025 Achlevomonts •fid p•rfomb• - 199 Young pewe support&J - 60V4 into Surtable Actomm¢>Jal - 2. Maintained Tenancy - 35% into Emergency Accommodati 874 limes of 110 1 surw>rt . 47 new referrals to the 8eThlce 23Y. In Educallon - 63% received b8nelit$ and mon¢y athice - 33% In Employment - 91 Inlerviews atteThJed - 265 Poslllve cFM)ices 218 Referrals - 53% Managed mental health is8ue8 135 Couns8llirYJ Sessions 16Yp into CK Counselling . 575 improvements lo physlcal health . 258 lood relerralslparce16 - 27 woikshops attended - 4 accredited qualilutknns . 17% Managed monoyfttha•ts Young people nlI1 nol onty from staff . trom a whole ol advoca oathorgd und•r o roof. removing l¢)ng d¢lays and barriers Ihal woukj othewse put them al rl8k. Many ol those achl&vèm&nts %btuld not bo KK)$$ibb wrthoLrt the Dfwin acb'ry as a sale wlnt ol Ilrsl contact and ongoing protectlon. Partnership worklry lake8 FAac8 irf8iOg the Dropin evèry TN¢ek wilti olhor s•rvo$, Such as.. . Job Centre Plus l DWP . Inspira - Cumbria Youlh Alliance - Carg EMFerlenced Hub Cumbria Law Centre - Lal Aulhority Homeless Team - PHX. Rivers#Jg. arKI others - Kir¥Js Trust Supported Mousln9 Havlng a sale place to lfve ts transfomayonal - arKI for many of our reskjgnts, h Is the flrst tlme In thelr Ime tY have felt Secufe, stable, and support&J. Carlisle Koy wjvides 11 r(M)m8 across two hous88, wlth onslte staff support and a shaTthJ communty spaco that loslers beloNJirvJ, resFonsib¢lity, and confklence. This year brought the highest turnover we have ever 8xperioncod- a dgar rellection ol both rising demand ar¥J the S8$S ol our h(wsiThJ pathway. Seven new Tesidenls 0ered supwrted aCcornmodatn. each th com e needs Iwl also huge wlenliJ. We achieved several successful move.orts.
Carllsle Key Company LSmlted by Guaramee Tru81ees' Annual Report {Incorporatlng ihe Dlrectofs Report) Year •nded 31 March 2025 Young P$e Data.. Two loThJ.lerm resKlenls are mwrKJ into hYJWualty cntral Penrlth acCM(tIon Two young pe8 transitioning into Rivwsth Housing - dew8 the chlenge$ ot decisions made WitUl consultation, w& continued lo advocal8 strwly for Ihth'r n8•ts. Ono oviction . hthed wth respect and mulu underslandry.. the youThJ person conOnu68 to ac£ess our Dropln. We do not bel¥8 in 'closing Ihe case. when a Ung p8rson leaves. Hrynglessn888 Is driven by inst8bllity, traum& and system gap$ - any ol wh can resurtace. We remain aknnos•Ye POOF48 lory after they move on, preventing felapse Into homdessness and enSLsrww conlinugd Chk-on8 and suwort. Young PpIe Volc Al Carti& Kéy, the voices of yvung peo8 shape everhIng V th. Thls yoar, wa carrfed out a SLttvey across our dropin centre and SUFP)rt•J MOdation lo belter undgTStand their experi8nces, needs, and priorlti09. Their leedbad( wa$ ovorwhdmingly to. the m84ority lokl us they 1001 Ilstonod to, 8UPFQrtwJ, and sale when acc9$51ry Ixlf gerykes. Th&ir Inwl dlredy informs ¢)ur plannlng IOT the year ahead. By Cenlriry thff vow. ¥¥è ensure tyjr Serv Temasn responsivo. rglevanl, and roolgd in re lfved experserKe. Youro p8rson: 'Carlisle Key have hglp¢d me wlh eVehIng induding money managerneni. washing armj room d8aniThJ.' Young person.. 'Cadlsle key has beén invaluable to me as a care leavgr I have had so much Sur¥ from ser¥ice I woubj dgfinitety not b¢ where l am today withoLrt Ih8r6 support and help.. YouThJ person.. They helped me galn acc$ to h)uslro sery18 arKI helpgd me through some ot the roughe81 timgs ol my lifel, Young porson. Cadisle key helpgd rne when i was stuck in a 811uotion that i know how to get out ol on my n. They olferwj hel) arKI athice during my time in the hou$é and prepwb)J me lor living indepgrthntty.. Young person.. '19 managed lo irnprove my ment healih aThJ gui(e(I me lo ptting Ihe correct suFp)rt and go¢)J hou$ing and ttter money managernonl., Youno person. Before l ¢ame for counselllThJ al Carli818 key. I was unth8 to PfOCgSS and understand my emobons. I have now learngd aThJ athieved so much more than l thought l ¢ouhY with my mantal h8atth.' Young person.. 'Lovely memtws of statt, all helpful have helped me vthen I was homel888 and fSndirvJ accomrn¢dation.' So¢l•l M•dl• Eng•q•mnt Social rnJia engagoment among young poop1• 1$ irK¥ea8ing. dr0 by mobilo tachnology arxt divorBO attorms such as TTok. Irwagram, arKJ SnapthaL Your¥J users irKréasingty cieale ar*J consume content that alhJns with their experiences and inlerests. Il's not just at¥Jul nnectIng wth lrierth; ivs also about self-expressn arKI piniThJ glo nvrsatIOnS. These F4attoTms encourage engagement thfough kes, comments, and shares. toslering a dynarnic communty. As soGial medla evolvgs. il shapes cultur and socid laThJscapes. empowering your4J peo¢ to èxpress their Klgntities and reach WKler audienc. Carfwe Key 1$ dso enoaglrvJ morg through Ihese channds. Conllnulng our supw)rt and asIng young
Carflsle Key Company Llmlted by Guarantee Trusts•8' Annual Report (Incorporatlng the Dlreclorfs Report) Year ended 31 IAarch 2025 Our dala: In•tagram- c•rfl•l•_k•y 57 Instagram Posts 100 Inslagram Stories - 15 480 Instagram V¥ . Reached 1200+ Account$ . Fdlowér Enoagem8nt - 54% - Non Follower EtyJag8menl- 46% F•c•book- C•rll•l• K•y . 10000+ Messages . 120 conversations wlth youTrJ peryle 1026 Followers C•rll•l• K•y W•b•lte 8158 wobsi18 clicks ActlvltlM, H•alth and Wellb•lng Homèléssn&ss allects more than housing - li Wnpacts mwtsl hOth, kI8nlity, Iriend$hlp$, and ability lo Imagine a future. This yoar, we delivered our most ambib'ou$ programme ot adNilies yel. Fafo$hare Partr$hI) - ddwed Drop In ar#J SupiYNled hou8lrKJ 520 lood trays. Our quarterly aclfvrty calendar Included.. . Trips lo NoWU$t16 and Gbasgow - Hiking in Yorkshire and the Lake Oistri . A weekty Baby & Parènt Group . One.lo.one wdlbeing support lor 72 youryJ peoFAe - HSkes In the lak63, archery. wa$ to the musoum, k&skatlrvJ IDumfrl88, L(Kkethel Creative and P¢6f-led 8e88lons lor 21 participants. Through the local authoiity Community Fund. wovitsl: . 28 gym m0mbershi Imix of 6 and 9 months) 11 9MmIng member$hip3 . Suprort tor thY livino, confkJgncethlkJiThJ, and routl We also Btrengthèned the Dropin with enI IlI1he8.. - A new Ireezgr lor Ictsj supw)rt - A new washing machine to Slwrt 11K0enCe and digntty These are nol oxlras. they are uilical prot1%)n6 agai1 allon. anxiety. dopr8s8ion, and eXtat)n.. Fln•ncl•l rnvlew This yè8r. Carfisle Keys total irrne was £373.836. with experKliture of £326,458. Ai end, Ihg ¢hartty held total reseNes of £291.968, 01 whh t259.344 were unrestrKted. In accordance with our finala1 pollcy, all re8trklgJ funds are akwiwj hrst to the tor they are aw8Tded. Several rerkI&l giants rec•ived late In year have bgen carri8J forward into 2026, lUdIng the More Than a Rool Fund, the B&Q Foundation. Sp)rts Ergland - Activibes FurKI. and the Cumbria Community FourbJatKJn . East Fund. all ol which support y¢Jung pwle through emerg?Y al$lanCe, Our finaal posilion iemwns staL*. arKI res8ryes are malntsined wrthin th6 agreed range ol three lo six months of operating expeThJiture. Thi% rarwjg is set to ensure Organisatn resilience, meet any
unforeseen tin•Xl prSures. aTrJ cover essenlial future costs such as repair¥, felutblshments, and Teplacemenl items within our supFèrted acCommodan wwtres.
Carlisle Key Company Llmlted by Guarantee Truslees. Annual Report {Incorporntlng the Dlreclorfs Report) Yéar ended 31 March 2025 Fln•n¢l•l rnvl•w (ooft#rA Expendltufg Ir¢roa$4d Ihl$ year In Ine wlth national cost pressur9s. staffi ¢osts ros8 due to increas9S In Nalional lnsurwe, taxalion changès. and Carlisle Key Ining a knwng Wage Employer. These juslments refiect our commilment to lair pay and lo reiwning hbJh44uaknty slatt wtho dalivtf Ironllin8 supwrt lo Vulnerab young peoFlo. Oih9r costs romained prOportnate and igned whh servicè d8mand, In¢luding dropin supwrt. housing-related 8xpense8, 8M8r9CY proviOn, and activity programmes. The accounts rellect appropn'ale finartial management. over8vJhl. aThJ compliance vAlh charlty govgrnan¢o Starjards. Timlng dlffeferw b999n income ro¢eived and programme delivory have en manag&l ryLthnty, ornlriry lurwjs aro tr8waMty arKI strklly In line tmth donor inlentknn8. Cartisle Key cont1rrt Io QFerate wrth finar¢ial discipline, ensuring that rosour¢gs aré thT8Cted vknefe they delrvor Ihg grealesl impact. While the lunthTrJ onvironment remains chaln01rj, our reserves posillon, strong grant rolalKin8hip8. ard communty $upp)rt placo tho charity in A 8u$lainabl• prtIon lor tho year ahead. A Trfbut• Th18 year, wa want lo lthe a momont to rom8mb8r Graem8, our Inder, Iormer chair, and a lifdong advocal8 lor yourvJ people. His Gompassion, generosity, and beli&l that everyone deservés 8 lair chance shaped everything Carfisle Key staftds lor t¢day. Grathne's V•ile kinLly chose C8rf18le K•y to receive thnattons at hi8 funeral. a1 many Iroends and sUprterS gave in his memory - both in person aThJ online. We've also been touched lo hoar that a Scottish dance has been plannod to raise further lunds in his honour. Theso grfts r$lloct the deep respeth armj allectn pgople had IOT Graeme and his work. In recognition ol hts lasting Impact, the charity wll somelhirwJ sp&¢id In hls name lor the yourwJ pwle we support - a lasting reminder ol the kindness a1 dothalion hts slwod througrul hls Illo. Looklng Ah•*d We know that the need lor our 8er4ryc06 1$ grtr•&iw. Mor8 >Dung pe aged 1&18 arg reaching out lof help. and we expect this number lo rise ovgr the noxt r. Chjf locus wll remajn on wgv8niion - oSwng young F4ople the too18. conlKlenee, arnj 8UPFQrt lo 8ure sla)le housing aTrJ mov8 forward wlth Ihgir Ie5. With the holp ol lunders, partners, and our community, Carti$le Key 11 contlnue lo be a place of safety and oppornty. Togethw, can ke8p opgniTrJ &Jots changing livos. Your4J pgrson: 'Glad thi8 Se8 Is still available lor ieens n young adults as it was my savtour.. 8m•ll prnvl•lo This rgwrt has bgen yepared in ac¢c provishY to companle8 enlmed lo the sm811 CoMpanS oX8mption.
Carllsle Key Company Llmlled by Guarantee Tru3l•es' Annual Report (Incorporatlng the Olrectorf$ Report) Year ended 31 March 2025 Tho IWStee8' annual r9FJt was awovl on 23 ()ocember 2025 aiKI signed on beham of lh• board of Iruslaas by: PM Colla Trustee
Carlisle Key Company Llmtted by Guarantee Independenl Examlner's Report 10 Ihe Trustees of Carflsle Key Year ended 31 March 2025 I rewrt to thg trustèes on my exarninat of the tinwrial sMem8nts ol cartIs Koy llhe charfV> for th8 year endod 31 MafcF) 2025. R••pon•lbllltl•• and b••h ol v•wt AS the Irvsleos ol the company land also Its director5 for th8 pury)0$ of eompary lawl you are ré8ponsiUo lor the Preparation ol the financial statements in accordance wth Ihe requir8monls ol the compan Act 2006 llho 21th Act.). Hawng sati8116d myseN that tho accounts ol company ar8 not requirfyj to be allled Part 16 of th9 2006 ALt and ar8 o1iglL4è lor irMJeperhJont examinalKJn. I report in rèspecl of my examlnation ol tho charitls accounts as rArried out undgr sgdh)n 145 of the Charit l£t 2011 Ilhe 2011 Act'l. In carrylng out my exarnination I have Idlow•J the 'reCt)n8 umven by th8 Chanty Comml8skn under 80clion 1451Sllbl ol the 2011 Acl. Sincè the charity's gross income exceeded QS),OCKJ gKaminw mu81 bg a moMr of a body li8led In lion 145 01 the 2011 Act. I conlirm thai l am qualified lo undertak8 the examination because l am a member ol the Insthul8 ol Charterod A¢Munlants in Eryland arwj Wales IICAEWI, whh is one of th Ilsted bodles. I tA¥e Mpleted my examh. l (a)nlim that Tr) matters hav• come lo my atttIon In COnn'0n wlth the examlnation gfvirvJ me cause io bdleve.. eK¢ountbw records were rlot ke0 In rosp8ct of the charty as wulred by tIon 386 of Iho the linawai 8lalements do a¢¢ord wlth r¢¢<d8; or the 1Snandal statements do not Mmpty ryth a¢ntira requirements ol section 396 01 the 2006 her than any requirèment that the accouths give a Irue aTrJ lair eW which is not a matter considered as part of an indepeTrJgnl gxaminalkjn.. or tho linanual statements rnl been prepar1 in accordance vAth Iha methods and princ4)les of the Statement ol Recrynmer¥J8d Pfactice for aCtnI1j and repo[j by charit$ alICab lo ¢harllles wepariTrJ th¢ir accounts in awdarKe wllh the Financial ReportirvJ Standard 8FF4i¢atde in the UK aThJ Reput4ic of IrelarKI IFAS 1021.
Carllsle Key Company Umlted by Guarantee Indèpendent Examlnerfs Report to the Tru8t888 Ot Carflsla Key 1¢th) Year ended 31 March 2025 I have no concerns and have come across no other matters in conneclffi with the examinallon to lch attention 8houkl be drawn in this report in order io enatAe a proper understalIng ol the accounts to be reached. Mr RW Gordon. FCA Independgnl Examiner Biiar Lea House 8iampt¢Jn Road Lonolovm Carfisle Cumbria CA8 5TN 23 Drnbor 2025 10
Carllsle K8y Company Umlted by Guarantee Statement of Flnanclal Actlvltl•$ (Includlng Income and expendlture account) Year ended 31 March 2025 2024 un18sl6d Aèstri¢knJ funds Total fvndi Total lund5 Incomo and ondowment• Donations and legacies Other Irading activities Investment income 133,166 132.402 107.669 240.835 132.402 110,918 105.272 Tol•l Incom• 266,167 107,669 373.836 216.196 ExndItUrfr Exp8ndituf8 on charit*Ae actNibes Total •xp•ndltur• 251,413 251.413 75,045 75,045 326.458 326,458 274.720 274.720 N•t Incomg11gxpgndhur•) •nd n•t movomgnl In fvnd• 14,754 32,624 47,378 158,5241 R•conclllatlon ol lund• Total funds brougm forward Totsl fund• c•rrl•d forn• 244,590 259,344 244,590 303,114 32,624 291,968 244,5 The statement of IlnAnci#l athkntias Induth 911 a110&808 recognlsed In th8 yaar. All income and expendltuie dèrbve from continuing a¢livitig5. 11
Carllsle Key Company Llmlted by Guarnntee Slatemenl of Flnanclal Poglllon 31 March 2025 2025 2024 Flxod •8aet• Tangible fixed as80ts 12 265,154 279.599 Currnnt •u•t• Cash al bank arvj in hand 267.194 220,$08 crst0. amounts l•lMng du• wlthln on• N•t curr•nt u••ts 13 6.040 214,468 494.7 261.154 Tot•1 ••••l8 l••• currffit Il•bMItI•• 526,308 Crlton. amounts f•lllng •ft•r morn ono year N•t •••6ts 14 249,477 244,59) 291.968 Fund• of th¢ charfty Reslrled funds Unrestricted funds 32.624 259.344 244,S90 244.590 Total ch•rfty lund• 18 291,968 For the year endlng 31 March 2025 the chathy was entlllad to exernplk)n from audll undar sectk)n 477 of the Companles Act 2006 roJalwYJ $mall companlg6. Dlr•ctor8' rKponJibtlilig3.' The members have not required Ihè Mpafty to obtakn an aLKIrt ol tts 16r)an¢lal ststements lor the ear in qu881i¢)n in acciKdance th socin 476. The direclors aCno their r8sponsiknlilies lor mplying with th8 requiroments of th? Acl wlih rospect lo nts'n9 rgcords and Fffeparalion ol finawal stalgfflants. Th88e Ilnanclal statements havo been wepared aLYordwKe ith the wovisM?ns appk• companSe8 sublect lo the smJl Companies. mgime. These Ilnanclal slalemonts vffjre apwoved by the ard ol lrttstaes and authorised for bssue on fd D8c¢mb•r 2025, aNI are signed on thalf of Ihe b)ard by. PM Colla TTLtee Th• note8 13 to 22 lorn) pwl of1heJe fin1 •t•t•m•n 12
Carllsle Key Company Llmlled by Guarantee Noles 10 Iho Flnancial Stsl•ments Y•ar ended 31 March 2025 Q•n•r•l IntornlIOn The charty is a benefit entity and a prfvale company Ilmiled by guarantèè, regislerod in ErvJland and Wales and a regisler8d charity in England and Wales. The address ol the regislerod oflice is 123-127 Bol¢heTgale, Calli8. CA1 1 RZ 8t•twnent ot compll•nc• Those financial statem•nts have tjegn wepared in COMFInCe with FRS 102, 'Thè Flnanci ReFQrtirvJ Stalad akwicabkn in thè UK arKI Ihe RwNic ol Irdand.. the Slalement of offlmended fvaclu appluble to charities prepariNJ their accounts In accordance th the Anancial Reportlng Standard applicaL48 in Ihe UK RepuL4k ol Irdand IFRS 1021 ICharflie8 SOAP IFRS lff211 and compan Act 2006. & Aecountlng poll¢l•• B••l• of pr•p•r•tlt)n The Ilnan¢lal Statements have been pfepar•d t)n the h1810ral $1 ba8L8, as modmled by the revaluatK>n ol certwn financial as88ts aTrJ liabili¥ inveslmwrt prop8rtK?s mga6urJ al talr value thiough income or expondiluro. The linan¢wi gtatements arn preparthl In sterflng, whK 18 the lunctthal ¢urr8rry ol the entity. (lolng nc•M Th•ro aro no matwial unwloinli08 th? charitys abilty to contknug. DI10r• •x•mptlon• The enlbty Salislies the crilgria of bèing a 9ln9 thitity as delined in FRS 102. Its linanclat statements are (s01Ja18d into the finala1 statements ol (entér name ol group financial statemenlsl whKh can be obtwned from {enter detail). As such. athantaqe has boon takon of the loll¢)wing disck)sure oxemptions avallable u19r paraph 1.12 of FRS 102: lal No cash flow statem¢nl has been pres•nlod lor the company. Ibl Digclosures in fgspect ol financi insiruments have not been presenl&J. The weparation ot the lknanryol ststements requir95 man48menl lo mak8 judgements. tinateS and assumptions that affecl th8 amtyjnts re[0d. These eslimales and judgements are continualty reviewgd arKI are based on experience atvj othgr lactors, indLwJiro exp8Ctatsons ol lulurè &nts Ihal are believed lo be reasorth under the circUmstae5. 13
Carllsle Key Company Llmlted by Guarantee Notes to Ihe Flnanclal Stslements (¢ Year ended 31 March 2025 xenIsn9 pollclo• Fund Kcounllng Unrestricted funds are avaFkblg for u50 * the discreti ol thg truslges fUrtr any ol thè charW8 Purposes. Oesignaled lunds are unrestrted lurwts earnarw by the truslo0s lor partilar futUf• projoct or commilmgnl. Restricled funds are 8ubiected lo resttIm on their exporle by the donor or through the terms ol an aFpeal. and Idl into Or of t4w) sub&s. reslTicl•J income lurKls or orKlowm6nl funds. Incomlng r•ul All income is included in the slal8m8nl ol linawl activilies ¥4then enlffjgmeni has pas$8d lo th charty,11 Is probable that the 8conom tengtlts associaied with the transaction will flow to th& charty and the amount can be reliably measur•Y. Expendlttjro L8 recognlsed on an accru basls a8 a IWNY 18 Iirred. ExpolTe IndLJeB any VAT vthlch canTr)I bg fully 1oc<wor•d. arnj Is das8rfiJ urth h•adngs ol If 8talemenl ol financl activities to it re10¥. T•nglble a•80ts Tangl8 assets ar& Inltlalty recordgd al cosl, arnl sutwuenuy slalod at cost less any a¢¢umuFaled dopT8cialion aThJ impaimenl losses. Any tangl0 assets carrd al revalued amounts are r8¢ord8d at the lair value al the date ol revaluatiM less any subsequent accumulated dopro¢&ilon and subsequent accumulated impalrmgnt losses. An Increase In the caryrKJ amount ol an asset as a resuh ol a revaluallon, Is fecognlsed In othor recognised galns ar 1¢)sses. unl8 it rovers0$ a ¢harge for IMMent that has piewously been recognised as eXFwJiture V•ilhin the slatemenl of financi actiwti'es. A dacrease in the carrying amount of an assel as a resuk of revaluat. is reccJniW in other recognised gains and bsses, excgpl to whh rt off801s any revalualion gain. in whh ea8e the losg is shown thIn olhef recognised gains and lossos on lh8 $Wemwi of linan¢ial al¥ll19$. DeprKl•llon Depreuali(ffi is c*LAaled so as lo write off tho cost or vall of an asset. lèss Its residual value, over the usèful economic lrfe of that asset as follows: Fre&1d prorerty Flxtures ano litiings Ewipmenl 2% strwglrt li 25% straight li 25% strawhl lir 14
Carlisle Key Company Umlted by Guarantee Notes to the Flnanclal Statem•nls Year ond•d 31 March 2025 A¢¢ountlng polkle• IMpalnYnl ol flx•d ••••t• A rwew lor ilICatOrS ot impaimient L8 carried out al each rgporting date. with the recoverable amount being esb'maled wher6 $Lh in¢Jicalors exist. Where th& ¢aTwng value exceeds the recoveratAe amount, the asset Is impared accordiwly. Prior impainnents arè also reviewed lor possIe reVern al each repmiftg dai•. For the purposes ol impoirrnenl testing. wlwn it is tK)I wssitrje lo eslimalo lh9 rècoverable amount of an 1ndiv1du asset, an 881imal8 is made of tho rècoverab amount ol thg cash4Jengratllig unil lo vthkh the a68el belorvas. Thg wh-geratino unil is the smallesl Jenlilith8 group ol assets that includes the asset arKI ggnerates cash InlkThvs that largdy in(81 of lh& ¢ash inflows from other assets or groups ol assets. For imwmi•nt 1•8tir¥J ol goodwll. tho awir•J in a I8ne$s combination 18, fiom tho acqui8rtion dale, allixaled lo oach ol Iho cash.gen&raliTrJ untts that are expgcied lo benef Irom tho 8ynwgies ol the combinaliM. Wres¢bYe ol vhther other assets or liabililias ol the charity are aSsned lo those unrls. Oov•mm•nl gr•nts Govemmont grants arg rgcognO8od at tho Iwr vduo of tho a88Ot rocolvfjd or rowvabl•. Grants are not recognlsed unJl th8ro ¢$ T8asonat4e assurance that ihg charity vlll ¢omply wlth the condthn8 attaching lo them and thè grants wdl be fecwved. Whore the grant does not impose specrfied future wlomi&nce-related condrtlons ¢)n tho recipient, rt is rognISed in Income when the granl pleedS are recved of receivable. Where the 9rant thes Impose specified future performa&18718d conditlorts on th8 recipient. il is rocogni$8d In iM?mo only vthen the pertmanCTe1aied CryKlrlion$ have been mel. Where grants rec9ivgd are prior lo 8atISfn0 the revenue recognithjn crftolia are reeogrased as a Wility. Fln•n¢lAI In•lrument• A 1Snanclab assel or a IInanc liatslty IB recognSsed orty tlthgn thg dwity becomes a paty lo Ihg c(rtracl prcM$ion$ of the instrumenL Basic linancil inruments are initially recogniwj at amount r8ceivabl8 or p6Yab includirwJ any rglalgd transaction costs. Current assets and cuNent Ilthlitios aro SLtsewenty measured at the cash or other co1deratIon gXPgCted lo be paKd or receNed not discounted. Detrt instrurnonts ar8 sUt6u8nty measur&J at afflortr cost. Whgre inv¢stm•nts in sharos ar8 pUblY traded or th1 lair value can othgrwiso bè measured relia, the irweslmgnt is subwuenlty meastsred al lair ¥u9 TrMth changes in fair value recognised in income aray ex[Wrture. Al other investments are $ubwuenty measured at cost 18s8 Impairmenl. 15
Carllsle Key Company Umlted by Guarantee Notes to tho Flnanclal Stalements le1) Yoar •nded 31 March 2025 Aecountlng pollcl•¥ FInan lTh•trum•nts othgf linancw instruments, includirJ d8rlvatives. are inllially recognlsed al lalr VU8, unl868 payrn9nt lor an asset 16 d818fred normal sInesS lerms or linar¢8d al a rale ol interest that is not a mathel rale. in whith case the asset m8asiJrod at the present valuo ot thè tuture payments dlscounlod at a mwkol rale of intore fry a simlar dgbt Instrum1. Other linancial instrumenls arg sUbsU6ntty measurod al lair ¥Ve, vth any chang8s recoonised in Ihe 8lal8menl ol acbvibes, ilh the ¢x¢eption ol he(ing in8trumenls in a d¢si9nalad hedglrwJ fatn$. FInalI assats that are measufed at cosl or amortod c081 are revloW lor Obl15¥8 evidonGè ol impaimienl al the 91 ol 08ch reportirvJ dalg. If Ihare Is objeclivo gv•Jènc8 01 impaimant, an impimionl108818 r8cogni8&1 undor tho wcpriato h•ading sn tho statem•nl ol financ activili08 In thlch the inrtial gain was recognised. For all ewty insirumenls regards ol swJnilicance, and ottw tinanCI assets that ar8 indNKdualty $lonSllcanl. these are assessed il¥laltY lor impaimienl. Oih&r finanual a88ets aro eilhar assessed indivi(Jally or grouped on the basis ol simllar credit risk charactaristNx. Any revern ol impairment are roC4)gni98d Immediatety, 10 lh& 8xtenl that th& rwer8al do08 llQt resum in a Garrylng amount ol Ihe financlal asset that ox¢¢edB what the Car1 amount would have boon had th8 impairmonl noi weyiously bew recognth1. l)•lln•d eonirlbullon plan• Conlrilxrtions 10 con1ributn Flans we recognised a5 an expense Sn lh• In vthich the rd8led service is wovhded. PrepaKI Contri1tiOrts are rgcognisod as an asset lo Ihe extent that the propaymenl wlll18ad 10 a re(kn11 in luiure poymenb or a cash rduThl. con1rf1l1tins are not OXF•clod to bè setued wwly wrythin 12 months ol the ènd ot the roportirvJ dale in whith the emJOyS rerthr the relat•J swvice, the lithlty is mèasured on a discountad esent vlug basis. The unwiTrthro ol the dlscount Is rocoanis&J as an oxpènse In the p9rM In whbch it aro88. Umll•d by gu•r•nt•• Th8 liabilty ol the membgrs is limited. Every momb8r ol the company uTrI6rtakes lo contritrArtè to the assets ol the company in the event ol tho same berng tAUnd up wthile he is a mgmbeT, Of wilhin one year after hg ceaw to b& a memt*r. lor payment ol the d8bts and Ik4bilities of tha company contracted belore he ceases lo be a member and of the costs. tharges arKI expènses ol windiry up arKI IOT the adjustsnenl ol the TvJhts of the contrbutions amow Ihemsdves. such amolsnl as may be r9quired not exce&ling £1. 16
Carllsle Key Company Llmlted by Guarantee Notes to the Flnanclal Statements Year ended 31 March 2025 & Donallon• and l•g•¢l•8 UnrgStrKt8d Funds Restricted Total Funds Funds 2025 Donatlon• Donations 14.142 14,142 Grant• Grants receivab Release ol hokting cOp Community FurKI Hadlield Cumberfand County CourKll NalicMW Lottery Francis C Scott Sl Martin$ in the flelj Sireelsman The H•nry Smith Charity 44,024 37.838 9.097 7.143 81,862 9.097 7.143 5,000 3.397 20.000 4.194 1.000 75.000 23,397 4,194 75,LXXI 133,166 107.669 240.835 LSIrt¢d Restrkt8d TO1 Fund$ Fur¥Js Funds 2024 Don•tlon• Donalitin6 4.116 4.116 Qfant• Grants r•¢eivable Rdgase ol holding grants Cctrop Communty FurKI Had1Id Cumbèrland County CourKil Natsonal Lottery Francis C Scott St Martlns In the ffiokl Streetsmart The Hry Smith Charity 9,097 1,423 5,OCw) 6,782 9.097 1,423 5.000 6.782 28,440 51.560 51.560 60.176 50.742 110,918 17
Carlisle Key Company Llmlted by Guarantee Notes to the Flnanclal Slatemonts Year onded 31 March 2025 Oih•r tradlng •ctlvlll• Unlestrled Total Fund• UnTrslricted Totd Funds FuJ$ 2025 FU16 2024 Student plac¢m¢nts Young Persons Income SupFQrted ACM0On 5.988 125,854 132.402 S,171 1th).101 105.272 5,171 11Y),101 125.854 132.402 105,272 Inv••lm•nt Incom• Unr68tr1cleAJ Totsl Fund• unrostred Tot Fund$ FuThls FtJrKJ8 2024 Bank Snleresi rowvthe Not In¢omo1(axpondltur•) Net Incomlèxp8nthturel r& Stated after chwgllCredrtingl. 2025 2024 Depredaum ol tarvjible Ilxed 88s8ts 14,445 16,092 Indwnd•M •Mrnlnatlon f••• 2024 Fees payatrAe lo the irKlep6ndent examiner for: Indgpendent examination of the 11nl01 statements 200 10. St•fl co•ts Tho total Staff costs aThJ empk)e benefits for the reporbrvJ are analys8d as follo.. 2025 2024 Wage8 and salario$ Employw corbtriljutions to PW15h)n KAar 154,790 8,396 163.186 137.915 6,614 144,529 The avgrage he&J count ol eM0Y98S duriThJ the year was 812024: 81. The average nurnber ot fLIll. time equivdenl emtAoyees durlno the year is anatysed as follows.. 2024 No. Numbw of staff No anployee r1ved emtAo>Ee benefits of more than £60,IJ)O the year13)24: Nill. 18
Carllsle Key Company Umltsd by Guarantee Nots8 to Iho Flnancial Stat•ment$ Year ended 31 March 2025 11. Trust•• r•muMr•tlon and •xp•ne• No TemuneralKsn or other b8neffts from empent 1h the charty or a rda1th wttty were received ty the InJ8tees. 11 T•nglbl• flx•d ••MI• Freehold Ftthros and opety lith'ngs EqLMpment Tolal Al 1 Aprfl 21Y24 31 March 2025 D•pr•clalk•n At 1 Awil 2024 Chwge lor the ygar At 31 march 2Q5 zn,417 FJ),841 18.322 354.S80 27.628 5.551 31,031 8.894 16.322 74,981 14.445 33.179 39,925 18,322 89,426 C•rrylng amount At 31 Mrch 2026 244.238 249.789 20.916 29.810 285,154 At 31 March 2024 279,599 13. Cr•dltor•: amounts lalllng du• wllhln on• y•Ar 2025 2024 Bank loans arxl overdrafts 6.040 14 Crndiior•: •mount¥ lalllng du• •ft•r mor• th on• y 2024 Bank loans arKI ovwdrafts AcCnS and deferred incomo 30,820 203.520 36.860 212.617 249,47T 1& 1)olerr•d In¢om 2024 Al 1 Aprl 2024 Amount released lo income 212,617 19,0971 203.520 221,714 19,0971 212.617 At 31 U•rch 2025 19
Carlisle Key Company Llmlted by Guaranta• Noleg to the Flnanclal Statement8 f¢tyrf Year endad 31 March 2025 1& Pon•lon• and other po•t r•Ur•m•nt bonofi In conlrflNJtl¢)n pl The amount recognised in income or as an 8xp8w in relallon lo defined LxtrthbUtlon plans was £8.39612024: £6.6141. 17. Qov•mmnt grnnts The amounts r8¢c¥Jrl8¢d In the finWla1 thlomgnts lor O)vernff1 grant$ arè as follows: 2024 RecoJni8e(l in credltofg." Deterred govemmènt grants after moro than on8 yow 203,520 212.617 18. An11• ot ¢h•rll•bl• lund• VThr••trl¢t•d lund• Ai 1 Awil 2024 31 M•r¢h 202 IrKorne ExpeTrthlur8 General funds 244.5 266.167 1251,4131 259.344 At 31 March 202 Al 1 WI 2023 Ir¢ome ExpeThYllure General lund8 303,114 165.454 I2.978) 244,$90 R•Jtrfct•d lund• Al I Wil a)24 31 March 202 Irthme Exp&Illre R8$trted Fund8 Si James Place Cumberfand CC Curnbria Communrty Fund Co-op Fund Hadlidd Trust National Lottery 10,593 7.692 10,5931 17,6921 15.0001 11,6591 15,8981 5.650 7,143 3,991 1,245 23,397 {15.000} 8,397
Carllsle Key Company Llmfted by Guarantee Noles to the Flnanclal Ststements Year ended 31 March 2025 18. AMly•l$ of charttabl• lund• (¢oftthu•di BBC Chlldrgn in Ng8d B&Q Foundath Contrepoint Cro%%thrKlgr Francis Scott Sl Martlns in Fldd Stréèt Smart 12,000 12.0 4,991 2,000 191 {4001 13.6001 120,0001 14,1941 11.0001 175.0451 2.400 4,194 107,669 32,624 Al 31 Mah 202 At 1 Wil 223 Irwno Exp8rdlur• ReStrted Funds St Jamas Place Cumbgrland CC Cumbria Communty Furnl Ctrop Lcd Fur Hadfleld Trust Natsonal Lottery 88C ChikJrgn in Need 8&Q Foundalton Cenlrepoinl CfowdlurKler Francis Scott Sl Martins in Fiehj Sireel Smart 9.097 19,0971 6.782 16,7821 1.423 11,4231 15.0001 128.4401 50,742 150,7421 21
Carllsle Key Company Llmlted by Guarantee Noleg lo the Flnanclal Slatements Yur ended 31 March 2025 19. Analysls ol not •••ets b•iw••n lund• UNeslrthd Fund$ Restricted Total Fund• Funds Tang10 fixèd assets Cu¥renl assets Creditots1o9s Ihan 1 year Cred(tors greator than 1 year 265,154 234,570 16,0401 1234.3401 259.344 265,154 267,194 16.0401 I4,340) 291,968 32,624 32.624 Istred Funos Rèstrictèd Totd Funds Funds 2024 Tangl& lixod assets Current a8s6ts Credrtor818ss than 1 year Ciedilors gfeaier than 1 year N•1 ••••l• 279.599 279,599 220,508 16,0401 1249,4771 244,590 16,0401 {249.4771 244,590