COMPANY REGISTRATION NUMBER: 05120656
CHARITY REGISTRATION NUMBER: 1107991
Craghead Development Trust Limited
Company Limited by Guarantee
Unaudited Financial Statements
31 March 2024
3S ACCOUNTANCY SERVICES
Chartered accountsnts

Craghead Development Trust Llmlted
Company Llmltèd by Guarantee
Flnanclal Slalements
Year ended 31 March 2024
Page
Trustees. annual report (incorporating the directorfs report)
Independent examinerfs report to the trustees
Statement of financial activities (including income and expenditure account)
Statement of financial position
Notes to th8 financial statements
Tho followlng pagès do not forni part of tha financlal statements
Detailed statement of financial activities
18

Craghead Development Trust Limited
Company Llmlted by Guarantee
Trustees. Annual Report (Incorporatlng the Directorfs Report)
Year ended 31 March 2024
The trustees, who are also the directors for the purposes of company law, present their report and the
unaudited financial statements of the charity for the year ended 31 March 2024.
Reference and administrative details
Registered charity name
Craghead Development Trust Limited
Charlty reglstratlon number
1107991
Company registration number 05120656
Principal office and registered Bumside Family Centre
office
Mendip Terrace
Stanley
Durham
DH9 6QP
The trustees
G Hunter
F Mitchell
T Bowman
Company secretary
G Hunter
Accountsnts
3S Accountancy Services
Chartered Accountants
Structure, governance and management
Craghead Development Trust Limited (CDT) is constituted under its memorandum and articles of
association dated 6 May 2004 and is a registered charity, number 1107991. The company is limited by
guarantee, the members guaranteeing to contribute up to £1 in the event of the company winding up.
The charitable company is managed by the Management Committee, which comprises not less than
three and no more than nine trustees. The opportunity for appointment as a trustee is promoted widely
and informal meetings for those who are potentially interested in becoming trustees are undertaken, to
inform them of the work of the charity and the role and responsibilities of the trustees.
One third of the trustee directors retire by rotation at every annual general meeting. If the company does
not fill the vacancy the retiring trustee director is deemed re-appointed. The Management Committee
can co-opt ￿rtain members to the Board, to a maxirnum of 40 % of the Management Committee being
cO￿pted.
The Management Committee delegates responsibility for the day to day running of the charitable
company to the manager, within certain financial and operational limits.

Craghead Development Trust Limited
Company Llmlted by Guarantee
Trustees. Annual Report (Incorporatlng the Dlrectorfs Report) (contlnu•d)
Year ended 31 March 2024
Objectives and activltles
The objects of the charitable company are:
To promote the benefit of the inhabitants of Craghead and surrounding districts without distinction of
sex. sexual orientation. race or of political religious or other opinions by associating together the said
inhabitants and the local authorities, voluntary and other organisations in a common effort to advance
education. provide social and economic regeneration and relieve poverty by providing opportunities in
the interests of social welfare for recreation and leisure time occupation with the primary object of
improving the conditions of life for the said inhabitants.,
The charity's mission is to provide opportunities for both social and economic regeneration in the area
by undertaking the coordination and management of a range of projects, buslnesses and Inltlats'ves that
will serve to improve the quality of life of local residents.
The trustees hav8 complied with the duty in section 4 of the Charities Act 2006 to have du8 regard to
public benefit guidance published by the Charity Commission.
Nursery and Chlldcare provlslon
The Nursery continues to meet the demand for places for children. Based In the heart of the Craghead
communlty the Nursery provides both fee paylng and funded earfy educatlon places for local children.
Bumslde Famlly Centro
The Trust has continued to develop servlces and actlvities at Bumslde Family Centre worklng in
partnership with local organisations and directed by the local comrnunity of South Stanley.
LoGal Houslng Project
The Trust has continued to offer affordable rents as landlord for threa properties in Craghead. Long-
term tenants remain in these properties.

Craghead Development Trust Llmlted
Company Llmlt•d by auar•nteo
Trusto•¥' Annual Report (In¢0￿OratIng th• Dlrectorf8 Report} (C￿1￿1￿￿)
Y￿r •nded 31 March 2024
ObJ•ctI￿$ and actlvltlo•
Trust m•na9ement
Wè have ￿)n￿nUed to devekjp existing seryl¢es and a¢tivitie5 at Bumside Famity Centro. The Trust
Manager continues to actNely encourag8 Wa￿ placements for those 8eeklng empknyment workin9 in
pather5hip with the kKal Job Centre.
Ach5ev•ments and performan¢¢
The charity corrtinue5 to rewiew its weas ol ooerntK)n in consideration ol community priorities. servKe
suslainabllity, finan(xal Impl1¢allor￿ and Trust &gpa¢lty ¢0 lrnprove thg Tru51's financial position. Th8
Trustees a￿ satisfied with perfom)an¢e for the year however are also con$¢ious of the continuing
finanoal p￿ssUresf80ng theTwstand the Charitysectorin gener818nd as su¢h we continu8 to monitor
the lrnpact. viabillty and future potentiql of all Service areas.
Flnandal revlew •nd
The TDJstees are satisfied the financial perfomwn¢e for Ihe year that Ihe Tnjst has sufficiant
resources to cover likely cash requiwements and contingenc￿$ for th8 forthcoming year. It does,
however. rema¢n the Trusts intention to fvrlher Improve Its fina￿181 posltion and thus allow the
d8VeloF￿￿nt of existirtg or new projects to $upp)rt Ihe thariV$ objectives.
The Tnjstees have maintsined a d8s¢gnated operating fund to cover eore runnlng costs In the event of
a funding shortage, 8qUNalent to 3 months. salary costs. Tho IKJusing lund repres*nts the value of Jocal
(wsing assets and is nolavailable forthe dayto day running ollhe charitywilhc4Jt sellingthe properties.
Rlsk M•n•gom•nt
An ongoing revlew process is undertaken lo id8nlify funding opportunths 8vail8ble to the Charity
also any rtsks ttswhKh il is exrK)sed. The Management C(mmSttee reviews finan¢lal xtIV￿8S r8gvl8rty.
with remedial action tsken to compensate for 8ny projected shortfall or ovetspend. Intemal rfsks ar8
minirnised by a system ol intemal control.

Craghead Development Trust Limited
Company Umlted by Guarantee
Trusteos, Annual Raport (Incorporatlng the Dlrectorfs Raport) (coneinu•d)
Year ended 31 March 2024
Small Company provlslons
This report has been prepared in accordance with the provisions applicable to companies entitled to the
small companies exemption.
The truslees, annual report was approved on ION %Ql4 and signed on behaff of
tha board of trustees
G Hunter
Trustee Director

Craghead Development Trust Llmited
Company Llmlted by Guarantee
Independent Examlnerf8 Report to th• Trustees of Craghead Development Trust Llmlt•d
Year ended 31 March 2024
I report on the financial statements for the year ended 31 March 2024. which comprise the siatement of
financial activities (including income and expenditure account), staternent of financial position and the
related notes.
Respectlve responslbllltles of trustees and •xamln?r
The trustees {who are also tha directors of the company for the purposes of company law) are
responsible for the preparation of the financial statements. The trustees consider that an audit is not
required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an
independent examinatlon Is needed.
Having satisfied myself that the charity is not subject to audlt under company law and is eligible for
independent examlnatlon, it Is my responsibility to:
exarnine the accounts under sectlon 145 of the 2011 Act;
to follow the procedures laid down in the general Directions given by the Charity Commission under
section 145(5)(b) of the 2011 Act; and
to state whether particular matters have come to my attention.
Basls of Independent examln•rf8 report
My examination was carried out in accordance with the general Dlrectlons given by the Charlty
Commisslon. An examlnation Includes a revlew of the accountlng ￿cOrdS kept by the charity and a
comparison of the accounts presented with thosa records. It also includes consideration of any unusual
ttems or disclosures in the accounts, and seeking explanations from you as trustees conceming any
such matters. The procedures undertaken do not provide all the evldence that vrfould be required in an
audit and consequenuy no opinion is given 8S to whether the accounts present a 'true and fair view, and
the report is limited to those matters set out in the next statement.
Indopendent examlnerfs statement
In connectlon wlth my examination, no matter has come to my attention:
(1) which gives me reasonable cause to believe that in any material respect the requirements:
to keep accounting records In accordance with section 386 of the Companies Act 2006, and
to prepare accounts whlch accord wlth the accountlng records, comply wlth the accounting
requirements of section 396 of the Companies Act 2006 and with the methods and principles
of the Statement of Recommended Practice." Accounting and Reporting by Charitles
have not been met, or
(2) to which, in my opinion. attention should be drawn In order to enable a proper undersianding of the
accounts to be reached.
CF MILBANKE FCA
3S Accountancy Services
5-8 Prfestgate
Darfington
DL11NL
Date".
Ui

Craghead Development Trust Llmlted
Company Llmlted by Guarantee
Statement of Flnanclal Acllvltles
(Includlng Income and expendlturn account)
31 March 2024
2024
Unrestricted
2024
2024
2023
Restricted Total funds Total funds
Nol•
Incomo and endowments
Donations and legacles
Charilable activities
Investrnent income
9,200
9,200
250.023
38
13,030
205,533
23
250,023
38
Total Incom•
250,061
9,200
259,261
218,586
Expendlture
Expenditure on charitsble actNities
Total •xp•ndltur•
270,650
270.650
2,478
2.478
273,128
273,128
264,309
264.309
Net Income
Transfers
(20,589)
11,585
6,722
(11,585)
(13,867)
(45,723)
17
Nat movem•nt In fund$
(9,004)
(4,863)
(13.867)
(45,723)
Reconclllatlon of funds
Total funds brought forward
Total funds urrled forward
209,449
200.445
18,790
13.927
228,239
214.372
273,962
228,239
17
The statement of financial activitles Includes all gains and losses recognlsed In the year.
All income and expenditure derive from continuing activities.
The notes on pages 8 to 16 fomi part of these flnanclal statements.

Craghead Development Trust Limited
Company Llmltgd by Guaranteo
Statement of Flnanclal Posltlon
31 March 2024
2024
2023
Fixed assets
Tangible fixed assets
14
138.210
138.420
Current assets
Debtors
Cash at bank and in hand
15
8,412
78,604
2.174
96,173
87.016
98,347
Credltors: amounts falllng due wlthln one year
Net current assets
16
10,854
8,528
89,819
228,239
228,239
76.162
214.372
214.372
Total ass•ts less current Ilabllltles
Net assets
Funds of the charlty
Unrestricted funds
Restrtcted funds
200,445
13,927
214,372
209.449
18.790
228,239
Total charfty funds
17
For the year ending 31 March 2024 the charity was entitled to exemption from audit under section 477
of the Companies Act 2006 relating lo small companles.
Trustees, responsibilities:
The m8mbers have not required the charlty to obtain an audit of Its financlal statements for the
year in question in accordance with section 476:
The trustees acknowledge their responsibilities for complylng with the requirements of Ihe Act with
respect to accounting records and the preparation of financial statements.
These financial statements have been prepared In accordance with the provisions applicable to
companies subject to the small companies, regime.
These financial statements were approved by the board of trustees and authorised for issue on
. and are signed on behalf of the board by:
G Hunter
Trustee Director
Company registration number 05120656
The notes on pages 8 to 16 form part of these flnanclal statements.

Craghead Development Trust Limited
Company Llmlted by Guarantee
Notes lo the Flnanclal Statements
Year ended 31 March 2024
General Infomiation
The charity is a private company limited by guarantee, registered in England and Wales and a
registered charity In England and Wales. The address of the reglstered office Is Burnside Family
Centre, Mendip Terrace, Stanley, Durham DH9 6QP.
Statem•nt of compllance
These financial statements have been prepared In compliance with FRS 102. The Financial
Reporting Standard applicable in the UK and the Republic of Ireland,, the Statem8nt of
Recommended Practice applicable to charities preparlng thelr accounts In accordance with th8
Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities
SORP (FRS 102)) and the Charities Act 2011.
Accountlng pollcles
Basls of preparatlon
The financial statem8nts have been prepared on th8 historical cost basis, as modified by the
revaluation of certain financial assets and liabilities and investment properties measured at falr
value through Income or expenditure.
The financlal statements are prepared In sterllng, whlch Is the functional currency of the entlty.
Golng concern
There are no materfal uncertainlies about the charity's ability to continue for the foreseeable future.
Fund accountlng
Unrestricted fijnds are available for use at the discretion of the trustees to further any of the
charity's purposes.
Designated funds a￿ unrestricted funds eamiarked by the trustees for particular future project or
commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through
the temis of an appeal.

Craghead Development Trust Limited
Company Llmlted by Guarantee
Notes to Ihe Flnanclal Statements {conNnuedJ
Year ended 31 March 2024
Accountlng pollcles (¢ontlnu•dJ
Incomlng resources
All incoming resources are induded in the statement of financial acllvities when entitlement has
passed to the charity: it is probable that the economic benefits associated wlth the transaction will
flow to the charity and the amount can be reliably measured. The followlng specific policies are
applied to particular categories of income:
income frorn donations or grants is recognised when there is evidence of entitlement to the
gift, receipt is probable and its amount can be measured reliably.
legacy Income is recognised when receipt Is probable and entitlement Is established.
income from donated goods is measured at the fair value of the goods unless this is
impractical to measure reliably. in which case the value Is derived from the cost to the donor
or the estimated resale value. Donated facilities and seniices are recognised in the accounts
when received if the value can be rellably measured. No amounts are Included for the
contribution of general volunteers.
income from contracts for the supply of seNices is recognised with the delivery of the
contracted seprfice. Thls is classified as unrestricted funds unless there Is a contractual
requirement for it to be spent on a particular purpose and retumed if unspent. In which case
it may be regarded as restricted.
Resources expended
Expenditure Is recognlsed on an accruals basis as a liability is Incurred. Expenditure Includes any
VAT which cannot be recovered, and is classified under headings of the statement of financial
activities to which it relales..
expenditure on ralsing funds Includes the costs of all fundraSslng actlvltles. events. non-
charitsble trading activities, and the sale of donated goods.
expenditure on charitable activities includes all costs incurred by a charity in undertaking
activities that further Its charitable aims for the benefit of its beneficiaries, induding those
support costs and costs relating to the govemance of the charity apportioned to charitable
activities.
other expenditure Includes all expenditure that is nelther related to raising funds for the charty
nor part of its expenditure on charrtable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs
attributable to a single actlvity are allocated directly to that actlvity. Shared costs are apportioned
between the activities they contribute to on a r8asonable, justifiable and consistent basis.
Tanglble assets
Tangible assets are initially recorded at cost. and subsequently stated at cost less any accumulated
depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded
at the fair value at the date of revaluation less any subsequent accumulated depreciation and
subsequent accumulated Impaimient losses.

Craghead Development Trust Limited
Company Llmlted by Guarantee
Notes to the Flnanclal Slatements (contlnu•d)
Year ended 31 March 2024
Accountlng pollcles (condnu•d)
Tanglble assets (¢onUnued)
An increase in the carying amount of an asset as a result of a revaluation, is recognised in other
recognised gains and losses, unless it reverses a charge for impairment that has previously been
recognised as expendilure within the statement of financial activilies. A decrease in the carrying
amount of an asset as a result of revaluation, is recognised in other recognised gains and losses,
except to which it offsets any previous revaluation gain, in which case the loss Is shown within
other recognised gains and losses on the statement of financial actlvities.
D•proclatlon
Depreciation is calculated so as to vuite off the cost or valuation of an asset, less its residual value,
over the useful economlc life of that asset as follows:
Houslng properues
Climbing wall
Other equlpment
over 20 yea
over 2 years
Over 3 years
Impalrnient of flxed assets
A review for Indicators of ImpaSrnient Is carrled out at each reportlng date. with the recoverable
amount being estimated where such indicators exist. Where the carying value exceeds the
recoverable amount, the asset is impaired accordingly. Prior Impalmients are also reviewed for
possible reversal at each reportlng date.
For the purposes of impairment testing, when it Is not possible to estimate the recoverable amount
of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit
lo which the asset belongs. The cash4Jenerating unit is the smallest identifiable group of assets
that indudes the asset and generates cash inflows that largely independent of the cash inflows
from other assets or groups of assets.
Flnanclal Instruments
A financial asset or a financial liability is ￿CogniSed only when the charity becomes a party to the
contractual provisK)ns of the Instrument.
Basic financial instruments are initially recognised at th8 amount receivable or payable including
any related transaction costs.
Current assets and current liabilities are subsequently measured at the cash or other conslderation
expected to be paid or received and not dlscounted.
Debt instruments are subsequently measured at amortised cost.
10-

Craghead Development Trust Limlted
Company Llmlted by Guarantee
Notes to the Flnanclal Slatemonts (conelnu•d)
Year ended 31 March 2023
Accountlng pollcles (contlnu•d)
Flnanclal Instruments (￿ntInued)
Where investments in shares are publicly traded or their fair value can otherwise be measured
reliably, the investment is subsequently measured at fair value with changes in fair value
recognised in income and expenditure. All other such investments are subsequently measured at
cost less impairynent.
Other financial instruments. including derivatives, are initialty recognised at fair value, unless
payment for an asset is deferred beyond nomial buslness tenns or financed at a rate of interest
that is not a market rate, in which case the asset is measured at the present value of the future
payments discounted at a market rate of interest for 8 similar debt instrument.
Llmlted by guarantee
The company Is Ilmited by guarantee, the members guaranteelng to contrlbute up to £1 In the
event of the company winding up. There is no ultimate controlling paty.
Donatlons and legacles
2024
Unrestricted
2024
2024
Restricted Total Funds
Grants
Grants recelvable
Donations
9,200
9,200
9,200
2023
Unrestricted
2023
2023
Restricted Total Funds
Grants
Grants receivable
Donations
13,030
13,030
13,030
13,030
11

Craghead Development Trust Limited
Company Llmlted by Guarantee
Notes to the Flnanclal Statements (contlnued)
Year ended 31 March 2024
Income from charitable activities
2024
2024
2023
2023
Unrestricted Total Funds Unrestricted Total Funds
Bumside
Nursery
Trust
Housing
13,500
222,588
13,500
222,588
363
193,820
363
193,820
13,935
13,935
11,350
11,350
250,023
250,023
205,533
205,533
Investment income
2024
2024
2023
2023
Unrestricted Total Funds Unrestricted Total Funds
Bank interest receivable
38
38
23
23
Expenditure on charitable activities by fund type
2024
Unrestricted
2024
2024
Restricted Total Funds
Direct charitable activities
Support costs
257,035
13.615
2,478
259,513
13,615
270,650
2.478
273.128
2023
Unrestricted
2023
2023
Restricted Total Funds
Direct charitable activities
Support costs
234,109
17,539
12,661
246,770
17,539
264,309
251,648
12,661
Expenditure on charitable activities by activity type
2024
2023
Bumside
Nursery
Trust
Housing
12,054
213,402
44,307
3,365
9,104
200,979
49,494
4,732
273,128
264,309
12-

Craghead Development Trust Limited
Company Llmlted by Guarantee
Notès to the Flnanclal Slatoments (contlnued)
Year ended 31 March 2024
10. Net Income
Net income is stated after chargingl(crediting):
2024
2023
Depreciation of langible fixed assets
210
210
11. Independent •xamlnatlon fees
2024
2023
Fees payable to the independent examiner for
Independent examination of the financial statements
1350
1,300
12. Staff costs
The total staff costs and ernployee benefits for the reportlng perlod are analysed as follows:
2024
2023
Wages and salaries
Soclal securfty costs
Pension contributions
207.123
8,093
4,841
220,057
192,708
7,010
4.700
204,418
The average head count of employees during the year was 13 (2023: 16). The average number of
employees during the year Is anatysed 85 follows:
2024
No.
2023
No.
Trust manager
Nursery
12
15
13
16
No employee recelved employee benefits of more than £60,000 during the year (2023: Nil).
13. Truste• rnmuneratlon and oxponsas
No remuneration or expenses were paid to trustees during the year (2023: £nil).
During the year fees for accountancy sep4ices of £2,425 (2023: £1.175) were paid to TLB
Accountancy Services, a business controlled by T Bowman.
13-

Craghead Development Trust Llmlted
Company Llmlted by Guarantee
Notes to tho Flnanclal Statements (¢ontlnu•dJ
Year ended 31 March 2024
1& Tanglbl• fixed assets
Housing
propertles
Equipment Cllmbing wall
Total
Cost or valuatlon
At 1 Aprll 2023
Addltlons
138,000
61.752
16,938
216,690
At 31 March 2024
138,000
61.752
16,938
216,690
Depreclatlon
At 1 Aprll 2023
Charge
61.332
210
16,938
78,270
210
At 31 March 2024
61.$42
16,938
78,480
Carrylng amount
At 31 March 2024
138.000
210
138,210
At 31 March 2023
138,000
420
138.420
Housing properties are Included at dlrectors valuation as at 31 March 2024. The orlglnal cost of
the properties was £69.100.
In 2017 the charity entered into a 30 year leasa at peppercom rent for Bumslde Resource centre
from Durham County Councll.
15. Debtorn
2024
2023
Trade debtors
Other debtors
6,000
2.412
2.174
8,412
2,174
16. Creditors: amounts falling due wlthln one year
2024
2023
Trade creditors
Social security and other taxes
other creditors
2,917
2,801
5,136
10.854
1.770
2,467
4,291
8,528
14-

Craghead Development Trust Limited
Company Llmlted by Guarantee
Notes to the Financlal Statements (contlnued)
Year ended 31 March 2024
17. Anatysls of charitable funds
Unrestrlcted funds
1 Aprll 2023
Income Expendlturè Transfers
31 March 2024
General funds (free
reserves)
Deslgnated funds:
Operating fund
Housing fund
36,449
250,061
(270.650)
11,585
27,445
35,000
138,000
35,000
138,000
200,445
209,449
250.061
(270,650)
11.585
The trustees have designated an operating fund to be set aside to cover core running costs in the
rfent of a funding shortage, equivalent to 3 months, salary costs.
The housing fund represents the value of local housing assets and is not available for the day to
day running of the charity without selling the properties. Within the housing fund is £68,900 (2023.,
£68,900) in respect of revaluatSons.
Restrlcled funds
1 Aprll 2023
Income Expendlture Transfers
31 March 2024
Homes England
Nursery allotment I
outdoor
Womens group
Youth group
Winter resilience
Mens group
Mental health
Bumside repairs
Shakers and movers
9,469
9.469
297
1,158
1,248
(297)
3,000
3,200
{5,000)
(555)
(842)
2,923
(970)
(5)
{422}
{554)
(230)
2,178
3,175
230
1,030
18,790
3,000
(5,000)
(244)
2,621
(1,030)
(2,478) (11,585)
9,200
13,927
Transfers between funds represent internal rent re•charged, management recharge and restricted
funds expended on capital items.
Nursery Allotment l Outdoor- Funding for resources and eqLJipment needed for the children at
the nursery allotment and the renovation of the nursery allotment.
Houslng propertles- funding received to purchase. refurbish and maintain Craghead properties.
Womens, Mens and Youth groups - monles held on behalf of these groups. for their specffic
use. Where balances are overdrawn. this is supported by th8 Trust until funds become available.
Burnslde repalrs - income specifically for the improvement of Bumslde Family Centre.
15-

Craghead Development Trust Limited
Company Llmlted by Guarantee
Notes to the Flnanclal Statements {conllnu•d)
Year endéd 31 March 2024
17. Analysls of charltable funds (contlnued)
Net assets are split as follows:
2024
Unrestrfcted Restrf¢ted
2023
Unrestrlcted Reslrlcted
Total
Total
Fixed
assets
Current
assets
other than
cash
Cash at
bankl in
hand
Current
liabilities
138.420
138,420
138,210
138.210
2,174
8,412
8,412
2,174
64,677
13,927
78,604
77,383
18,790
96.173
18,528)
(10,854)
(10,854)
(8,528)
Total net
assets
228,239
200,44S
13,927
214,372
209,449
18,790
16-