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 Purr￿8$ 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 fin￿la1 $tstosm¢nts T￿8¢& 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 Ch*lty r•ql#tr*tlon 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 RkhJQ￿ll 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•M￿le0 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 1￿melessnesS or arg at risk ol bgcoming ￿MelesS. Youlh IK¥me1essr￿S 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 (InCO￿oratIng 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$S. Fovety and systems which become more complex each year. We staThJ beside t1￿ to ensure they are not laft to face th088 challengès alone. Our Dropin c￿trO Is a lilellne.. a place to be listened to, bdIe¥￿I, and Swort￿l ￿thOut judgomont. Herg, youw a¢¢ess &*rt•, lood. warmth, dlpital connoc1￿n and Somoono WI￿ cares or￿Ugh lo tyht for them. Because ol the thal high reed of housiThJ, we started our 8UPPQrted aCts)mmC*Jat￿ In Do¢ember 2019 to provkle a sale, stable place lo INe. arKI a lyi(53e loward Indepgndence. Wo take a pefsoTr¢enlred apwoach. YouTrJ p8Oe who rAme lo us often swak of thelr proiAou$ houslng and lad( of 811PPOrt. We advocate relentles8ty to ensure thelr vow are heard by local aulhorile8, la￿lord$. Iho DWP, heatth and Social care, aThJ nab'onal sy31ems that are often inaccessiiAo arKI inllexible. Wa do not a¢e8pt 'no' wh8n the law says ¥es.' We accompany youw pecOe lo their aFwinlrnenls arKI supwrt them vrith Ihelr nood8. Homelessness is onty at¥)ul tr￿using. 11 is atthrt trauma. exF4oitalion. lear. mental health and bging displaced t*tween housing. W• ¢hdlenge ihal narT￿l¥¢. We oncourage young Feople to tAJild the luluio they want- not Iho futur• others assume lor tsm. ObJ•ctlv•• •nd •clfvltl A8 oudin8d In our Memorandurn of As8odatiM, the c4)re owtive of Cartbslg Key ts to rollev• tho need, hardship, and distress experienced by ywrwj FeOF4e aged 16-25 in Carti￿8 a￿1 its surroundlrYJ districts. We achSeve Ihls through tho provision of gmgrggrry ovemight acrommodabon and a range ol related 58Mces dosignod lo guKle them luwards indep8rKl8nt I￿1￿). Our mlssion Is lo empower youvwj peoFde prevenl Iv)melessngss. We aim lo do th1$ by prowding lalore(I suwK•rt sen*ices ttwl womole Foryterm slthlty aThJ ir¥Japendence. These Sèrvices include nol only accommodat￿n I￿1 ￿¥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 a￿0mM￿JaIlOn, wèll.beiThJ programs, ccwnse51ing, aThJ holtstic advice servrces. Al carl1￿0 Key, ￿ offer an array ol supw¥l seNces s￿h 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 obj￿1￿￿ •nd •¢tlvlil•8 {¢onU Charlty ￿l￿10n he iel*l 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 I￿rn towards indeFend8nt liwn¢. Cartisle Key vdu8s arkj beI￿ls. .￿ thays lo allovial8 the dk8lress and hardship laced by youro adults caused by wcèlems ol housing, finance8, homeleSs￿sS and person weWar8. Longer term, our Is lo empower Carlisle's young peo* to unlock 8 happy. sgcure and I￿lependent 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 eXPer￿nce.. 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 cOmpass￿nate. Staff lak8 as bng as required lo understand what is twning and what rights aP￿y. 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. Otr￿r8 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 a￿0mm0￿#t10n. For many. w8 arè the rgason Ihey avokj rough $10OF4n9 allogelher. Our advocacy has a real linanci￿ impact. Orn young person recenty had lh￿r benefits daim cut during a nationd period ol n61it sysiem prossur¢. Worknng ¢10$6ty %MII) Cumbria Law Conire and the Job Centre, w8 successful challenged the deciwon - their benefits were rwnstaled in fijll months later. wlh all missed payments backdaled. Thls made the dtt18re￿e bewn aThJ 8lab'lty, and protected thelr rtsJht lo an income. Homelessness does nol resdve the day accomm(hJalk)n Ls found. Our work contlnues Into 8labilily lor as long as young pe09 ne•a us - 8omets.mes months, 80metimes yews. We remain a con84slent presence when lilg becomes difficuft again. ensurirvj r¥) young pgrson falls through the cracks. We ￿30 run the y￿Jr￿j Pe(* in Need FU￿1. prevwts I￿ty from b8comirvJ a crisis. This yoar wg invesled £11.358.14 directy inlo emwgency need. or th¢s, we spenl somo on: . £5.582.77'. accessing a￿Orn￿oda1ion ol any kind - t1,￿7.29: arrears Weventi￿ to stop evKIM￿- £3.382.92.' househokt goods 18s8entral luinriur8 + vthilo goods) Carllsle Key Company Limlled by Guarantse Trustees. Annual Report (Incorporntlng ihe DSrector'3 Report) Y￿r and￿ 31 Mar¢h 2025 Achlevomonts •fid p•rfomb• - 199 Young pewe support&J - 60V4 into Surtable Actomm¢>Jal - 2￿. Maintained Tenancy - 35% into Emergency Accommodati 874 limes of 110 1 surw>rt . 47 new referrals to the 8eThlce 23Y. In Educallon - 63% received b8nelit$ 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 ￿n￿lI1 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 %bt*uld 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•rv*o$, Such as.. . Job Centre Plus l DWP . Inspira - Cumbria Youlh Alliance - Carg EMFerlenced Hub Cumbria Law Centre - L￿al Aulhority Homeless Team - PHX. Rivers#Jg. arKI others - Kir¥Js Trust Supported Mousln9 Havlng a sale place to lfve ts transfomayonal - arKI for many of our reskjgnts, h Is the flrst tlme In thelr Ime t￿Y have felt Secufe, stable, and support&J. Carlisle Koy wjvides 11 r(M)m8 across two hous88, wlth onslte staff support and a shaTthJ communty spaco that loslers beloNJirvJ, resFonsib¢lity, and confklence. This year brought the highest turnover we have ever 8xperioncod- a dgar rellection ol both rising demand ar¥J the S￿￿8$S ol our h(wsiThJ pathway. Seven new Tesidenls 0￿ered supwrted aCcornmodat￿n. 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$￿e Data.. Two loThJ.lerm resKlenls are mwrKJ into hYJWualty c*ntral Penrlth acC￿M(*￿tIon Two young pe￿8 transitioning into Rivwsth Housing - dew8 the ch￿lenge$ ot decisions made Wit￿Ul 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 Ch￿k-on8 and suwort. Young P￿pIe Volc Al Carti￿& Kéy, the voices of yvung peo￿8 shape ever￿hIng 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 ￿￿t￿o. the m84ority lokl us they 1001 Ilstonod to, 8UPFQrtwJ, and sale when acc9$51ry Ixlf gerykes. Th&ir Inwl dlredy informs ¢)ur plannlng IOT the year ahead. By Cenlriry th￿ff vow. ¥¥è ensure tyjr Serv￿ Temasn responsivo. rglevanl, and roolgd in re lfved experserKe. Youro p8rson: 'Carlisle Key have hglp¢d me wlh eVe￿hIng induding money managerneni. washing armj room d8aniThJ.' Young person.. 'Cadlsle key has beén invaluable to me as a care leavgr I have had so much Sur¥￿ from ser¥ice I woubj dgfinitety not b¢ where l am today withoLrt Ih8r6 support and help.. YouThJ person.. They helped me galn acc￿$ to h)uslro sery1￿8 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$é and prepwb)J me lor living indepgrthntty.. Young person.. '1￿9 managed lo irnprove my ment healih aThJ gui(*e(I me lo ptting Ihe correct suFp)rt and go¢)J hou$ing and t*tter 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 rn*Jia engagoment among young poop1• 1$ irK¥ea8ing. dr￿0￿ by mobilo tachnology arxt divorBO attorms such as T*Tok. 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-express￿n arKI piniThJ glo￿ ￿nv￿rsatIOnS. 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 a￿sIng 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 hO￿th, kI8nlity, Iriend$hlp$, and ability lo Imagine a future. This yoar, we delivered our most ambib'ou$ programme ot adNilies yel. Fafo$hare Part￿r$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 9￿MmIng member$hip3 . Suprort tor ￿￿thY livino, confkJgncethlkJiThJ, and routl We also Btrengthèned the Dropin with e￿nI￿￿ I￿lI1he8.. - A new Ireezgr lor Ictsj supw)rt - A new washing machine to Slwrt 11K￿0￿￿enCe and digntty These are nol oxlras. they are uilical prot￿1%)n6 agai￿1 ￿allon. anxiety. dopr8s8ion, and eX￿￿tat￿)n.. Fln•ncl•l rnvlew This yè8r. Carfisle Keys total ir￿rne was £373.836. with experKliture of £326,458. Ai end, Ihg ¢hartty held total reseNes of £291.968, 01 wh￿h t259.344 were unrestrKted. In accordance with our fina￿la1 pollcy, all re8trklgJ funds are akwiwj hrst to the tor they are aw8Tded. Several re￿rkI&l giants rec•ived late In year have bgen carri8J forward into 2026, ￿lUdIng the More Than a Rool Fund, the B&Q Foundation. Sp)rts Ergland - Activibes FurKI. and the Cumbria Community FourbJatKJn . East Fund. all ol which support y¢Jung pwle through emerg?￿Y a￿l$lanCe, Our fina￿al 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 Organisat￿n￿ resilience, meet any unforeseen tin•Xl￿ pr￿Sures. aTrJ cover essenlial future costs such as repair¥, felutblshments, and Teplacemenl items within our supFèrted acCommoda￿n 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 lnsurw￿e, taxalion changès. and Carlisle Key I￿￿ning 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 prOport￿nate and ￿igned whh servicè d8mand, In¢luding dropin supwrt. housing-related 8xpense8, 8M8r9￿CY provi￿On, and activity programmes. The accounts rellect appropn'ale finartial management. over8vJhl. aThJ compliance vAlh charlty govgrnan¢o Star￿jards. Timlng dlffeferw b9￿99n 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 chal￿n01r￿j, our reserves posillon, strong grant rolalKin8hip8. ard communty $upp)rt placo tho charity in A 8u$lainabl• p￿rtIon lor tho year ahead. A Trfbut• Th18 year, wa want lo lthe a momont to rom8mb8r Graem8, our I￿nder, 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. a￿1 many Iroends and sUp￿rterS 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$lloct the deep respeth armj allect￿n pgople had IOT Graeme and his work. In recognition ol hts lasting Impact, the charity wll somelhirwJ sp&¢id In hls name lor the yourwJ pwle we support - a lasting reminder ol the kindness a￿1 dothalion hts slwod througr￿ul hls Illo. Looklng Ah•*d We know that the need lor our 8er4ryc06 1$ grtr•&iw. Mor8 >Dung p￿e 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 8￿ure sla)le housing aTrJ mov8 forward wlth Ihgir I￿e5. With the holp ol lunders, partners, and our community, Carti$le Key ￿11 contlnue lo be a place of safety and oppor￿nty. Togethw, can ke8p opgniTrJ &Jots changing livos. Your4J pgrson: 'Glad thi8 Se￿￿8 Is still available lor ieens n young adults as it was my savtour.. 8m•ll prnvl•lo This rgwrt has bgen yepared in ac¢c￿￿ provishY￿ to companle8 enlmed lo the sm811 CoMpan￿S oX8mption. Carllsle Key Company Llmlled by Guarantee Tru3l•es' Annual Report (Incorporatlng the Olrectorf$ Report) Year ended 31 March 2025 Tho IWStee8' annual r9F*Jt was awov*l 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 al￿lled 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 Comml8sk*n under 80clion 1451Sllbl ol the 2011 Acl. Sincè the charity's gross income exceeded QS),OCKJ gKaminw mu81 bg a moM￿r 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, wh￿h is one of th Ilsted bodles. I tA¥e ￿Mpleted my examh￿. l (a)nlim that Tr) matters hav• come lo my att￿tIon 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¢￿￿ntir￿a 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 prepar￿1 in accordance vAth Iha methods and princ4)les of the Statement ol Recrynmer¥J8d Pfactice for aCt￿nI1￿j and repo￿[￿j by charit￿$ a￿lICab 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 understa￿lIng ol the accounts to be reached. Mr RW Gordon. FCA Independgnl Examiner Biiar Lea House 8iampt¢Jn Road Lonolovm Carfisle Cumbria CA8 5TN 23 D￿rnbor 2025 10 Carllsle K8y Company Umlted by Guarantee Statement of Flnanclal Actlvltl•$ (Includlng Income and expendlture account) Year ended 31 March 2025 2024 un18s￿l6d 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 Ex￿ndItUrfr 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 a￿110&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 cr￿st0￿. 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 Cr￿lton. amounts f•lllng •ft•r morn ono year N•t •••6ts 14 249,477 244,59) 291.968 Fund• of th¢ charfty Reslr*led 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 soci￿n 476. The direclors aC*no￿* 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 t*half of Ihe b)ard by. PM Colla TTL￿tee Th• note8 13 to 22 lorn) pwl of1heJe fin￿￿￿1 •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 Intorn￿lIOn 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, Calli￿8. CA1 1 RZ 8t•twnent ot compll•nc• Those financial statem•nts have tjegn wepared in COMFI￿nCe with FRS 102, 'Thè Flnanci ReFQrtirvJ Sta￿la￿d 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 h1810r￿al ￿$1 ba8L8, as modmled by the revaluatK>n ol certwn financial as88ts aTrJ liabili￿¥ inveslmwrt prop8rtK?s mga6ur*J 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. DI￿10￿r• •x•mptlon• The enlbty Salislies the crilgria of bèing a 9￿￿l￿n9 thitity as delined in FRS 102. Its linanclat statements are (￿s01￿Ja18d into the fina￿la1 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 u￿19r par￿aph 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 circUmsta￿e5. 13 Carllsle Key Company Llmlted by Guarantee Notes to Ihe Flnanclal Stslements (¢ Year ended 31 March 2025 *xe￿nIsn9 pollclo• Fund Kcounllng Unrestricted funds are avaFkblg for u50 * the discreti￿ ol thg truslges ￿ fUrt￿r any ol thè charW8 Purposes. Oesignaled lunds are unrestr￿ted lurwts earnarw by the truslo0s lor parti￿lar futUf• projoct or commilmgnl. Restricled funds are 8ubiected lo rest￿tIm on their expor￿le 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$8d lo th charty,11 Is probable that the 8conom* tengtlts associaied with the transaction will flow to th& charty and the amount can be reliably measur•Y. Expendlttjro L8 recognlsed on an accru* basls a8 a IWNY 18 I￿irred. Expo￿l￿￿Te IndL*JeB any VAT vthlch canTr)I bg fully 1ocEe benefits of more than £60,IJ)O the year13)24: Nill. 18 Carllsle Key Company Umltsd by Guarantee Nots8 to Iho Flnancial Stat•ment$ Year ended 31 March 2025 11. Trust•• r•muMr•tlon and •xp•n*e• No TemuneralKsn or other b8neffts from emp￿ent ￿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 M*rch 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 AcCn￿S 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 Lx￿trthbUtlon plans was £8.39612024: £6.6141. 17. Qov•mmnt grnnts The amounts r8¢c¥Jrl8¢d In the finW￿la1 thlomgnts lor O)vernff￿1 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,$90 R•Jtrfct•d lund• Al I Wil a)24 31 March 202 Irthme Exp&￿Ill￿re R8$tr￿ted 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 Ma￿h 202 At 1 Wil 2￿23 Irwno Exp8rdlur• ReStr￿ted 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 Tang￿10 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 I￿4,340) 291,968 32,624 32.624 I￿str￿ed 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