COMPANY REGISTRATION NUMBER: 05120656
CHARITY REGISTRATION NUMBER: 1107991
Craghead Development Trust Limited
Company Limited by Guarantee
Unaudited Financial Statements
31 March 2025
3S ACCOUNTANCY
Chartered accountants

Craghead Development Trust Limited
Company Llmlted by Guarantee
Flnanclal Statement8
Year ended 31 March 2025
Pago
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 the financial statements
The following pages do not fomi part of the financlal statements
Detailed statement of financial activities
18

Craghead Development Trust Limited
Company Llmlted by Guarantee
Trustees, Annual Report (Incorporatlng th• Dlrector's Report
Year ended 31 March 2025
The trustees. who are also the di￿tOrS for the purposes of company law, present their report and the
unaudited financial statements of the charity for the year ended 31 March 2025.
Reference and admlnlstrative details
Reglstered charlty name
Craghead Development Trust Limited
Charity registratlon number
1107991
Company reglstratlon number 05120656
Prlnclpal office and reglstered Bumside Famity Centre
office
Mendip Terrace
Stanley
Durham
DH9 6QP
The trustees
G Hunter
F Mitchell
T Bowman
Company secretary
G Hunter
Accountants
3S Accountancy
Chartered Accountsnts
Structure¥ governance and management
Craghead Developrnent 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
infomi 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 fili the vacancy the retiring trustee director is deemed re-appointed. The Management Committee
can co-opt certain members to the Board, to a maximum of 40% of the Management Committee being
Co-opted.
The Management Committee delegates responsibility for the day to day wnning 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 Dlrectorf8 Report) (contlnued)
Year ended 31 March 2025
Objectives and activitles
The objects of the charitable company are..
'To promote the benefit of the inhabitants of Craghead and surroundlng 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 ￿generation 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, businesses and initiatives that
will seNe to improve the quality of life of local residents.
The trustees have complied with the duty in section 4 of the Charities Act 2006 to have due 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
ommunity the Nursery provides both fee paying and funded early education places for local children.
Burnslde Famlly Centre
The Trust has continued to develop services and activities at Burnside Family Centre working in
partnership with local organisations and directed by the local community of South Stanley.
Local Houslng Project
The Trust has continued to offer affordable rents as landlord for three properties in Craghead. Long-
term tenants remain in these properties.

Craghead Development Trust Limited
Company Llmlted by Guarantee
Trustees. Annual Roport Ilncorporatlng the Dlrector's Report) (contlnued)
Year ended 31 March 2025
Objectives and activlties (contlnu¢d)
Trust management
We have continued to develop existing serVi￿S and activities at Burnside Family Centre. The Trust
Manager continues to actively encourage work placements for those seeking employment working in
partnership with the local Job Centre.
Achievements and performance
The charity continues to review its areas of operation in consideration of community priorities. service
sustainability, financial implications and Trust capacity to improve the Trust's financial position. The
Trustees are satisfied with performance for the year however are also conscious of the continuing
financial pressures facing the Trust and the Charity sector in general and as such we continue to monitor
the impact, viability and future potential of all service areas.
Flnancial revlew and reserves
The Trustees are satisfied with the financial performance for the year and that the Trust has sufficient
resources to cover likely cash requirements and contingencies for the forthcoming year. It does,
however. remain the Trust's intention to further improve its financial position and thus allow the
development of existing or new projects to support the charity's objectives.
The Trustees have maintained a designated operating fund to cover core running costs in the event of
a fvnding shortage, equivalent to 3 months, salary costs. The housing fund represents the value of local
housing assets and is notavailable for the day to day running ofthe charity without selling the properties.
Rlsk Management
An ongoing review process is undertaken to identify funding opportunities available to the Charity and
also any risks to which it is exposed. The Management Committee reviews financial activities regularly,
with remedial action taken to compensate for any projected shortfall or overspend. Intemal risks are
minimised by a system of internal control.

Craghead Development Trust Limited
ompany Llmlted by Guaranlee
Trusiees, Annual Report (Incorporatlng the Dlrectovs Report) {contlnued)
Year ended 31 March 2025
Small company provlslons
This report has been prepared In accordance with the provisions applicable to companies entiiled lo the
small companies exemption.
The trusiees, annual report was approved on otcefftberf 202f and slgned on behalt ol
the board ol irustees by:
G Hunter
Trustee Director

Craghead Development Trust Limited
Company Limited by Guarantee
Independent Examlnerfs Report to the Trustees of Craghead Development Trust Llmited
Year ended 31 March 2025
I report on the financial statements for the year ended 31 March 2025, which comprise the statement of
financial activities (including income and expenditure account), statement of financial position and the
related notes.
Respectlve responslb515tles of trustees and examlner
The trustees (who are also the 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 examination is needed.
Having satisfied myself that the charity is not subject to audit under company law and is eligible for
independent examination, it is my responsibility to:
examine the accounts under section 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 examlnerfs report
My examination was carried out in accordance with the general Directions given by the Charity
Commission. An examination includes a review of the accounting records kept by the charity and a
comparison of the accounts presented with those records. It also includes consideration of any unusual
items or disclosures in the accounts, and seeking explanations from you as trustees concerning any
such matters. The prO￿dureS undertaken do not provide all the evidence that would be required in an
audit and consequently no opinion is given as to whether the accounts present a'true and fair view, and
the report is limited to those matters set out in the next ststement.
Independent examlnerfs ststement
In connection with 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 which accord with the accounting records, comply with 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 Charities
have not been met, or
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the
accounts to be reached.
CF MILBANKE FCA
3S Accountancy
5-8 Priestgate
Darlington
DL1 1NL
Date:
/&a

Craghead Development Trust Limited
Company Llmlted by Guarantee
Statement of Flnanclal Actlvltle8
(Includlng Income and expendlture account)
31 March 2025
2025
Unrestricted
2025
2025
2024
Restricted Total funds Total funds
Nots
Income and endowments
Donations and legacies
Charitable activities
Investment income
22,749
4,159
22,749
326,148
9,200
250,023
38
321,989
Total Income
321,989
26,908
348,897
259,261
Expendlture
Expenditu￿ on charitable activities
Total expenditure
285,326
5,433
290,759
290,759
273,128
273,128
285,326
5,433
Net income
Transfers
36,663
9,448
21,475
(9,448)
58,138
(13,867)
17
Net movement In funds
46,111
12,027
58,138
(13,867)
Reconcillation ol funds
Total funds brought forward
Total funds carrled forward
200,445
246,556
13.927
25.954
214,372
272,510
228,239
214,372
17
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
The notes on pages 8 to 16 fonn part of these financial statements.

Craghead Development Trust Limited
Company Llmlted by Guaranlee
statemerbt of Flnanclal Poslllon
31 March 2025
2025
2024
Flxed assets
Tangible fixed assels
14
138,339
138,210
Current assets
Debtors
Cash at bank and in hand
15
2,227
143,650
145,8
8,412
78,604
87,016
Creditors: amounts falling due wlthln one year
Nei current asseis
16
11,706
10,854
76,162
214.372
214,372
,.) 134,171
272,510
272,510
Total assets less cutTent Ilabllltles
Net assets
Funds of the ¢hartly
Unrestricted funds
Restricted lunds
246.556
25,954
272,510
200.445
13,927
214,372
Total ¢harlty tunds
17
For the year ending 31 March 2025 Ihe charity was entitled to exempilon from audit under section 477
of the Companies Act 2006 relating to small companles.
Trustees, responsibillties:
The members have not required the charity to obtain an audit of its financial statements for the
year in quesiion in accordance wilh section 476:
The trustees acknowledge Ihelr responsibililies for complying wilh the requirements of the Act with
respect to accounting records and the preparation ot linanciat staiements.
These. financial statements have been prepared in accordance with the provisions applicable to
companies subiecl to the small companies. regime.
These financial staiements were approved by the board of trusiees and aulhorised for issue on
. and are signed on behalf of the board by: .
G Hunter
Twstee Director
Company registration number 05120656
The notes on pages 8 to 16 form part ol these tlnanclal statements.

Craghead Development Trust Limited
Company Llmlted by Guaranteo
Notes to the Flnanclal Statemonts
Year ended 31 March 2025
General Infomiatlon
The charity is a private company limited by guarantee, registered in England and Wales and a
gistered charity in England and Wales. The address of the registered office is Burnside Family
Centre. Mendip Terrace, Stanley, Durham DH9 6QP.
Statement 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 Statement of
Recommended Practice applicable to charities preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities
SORP (FRS 102)) and the Charities Act 2011.
Accountlng pollcles
Basis of preparatlon
The financial statements have been prepared on the historical cost basis, as modified by the
revaluation of certain financial assets and liabilities and investment properties measured at fair
value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Golng concern
There are no material uncertainties about the charity's ability to continue for the foreseeable future.
Fund accountlng
Unrestricted funds are available for use at the discretion of the trustees to further any of the
charity's purposes.
Designated funds are unrestricted funds earmarked 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 terms of an appeal.

Craghead Development Trust Limited
Company Llmited by Guarantee
Notes to tho Flnanclal Statements fcontlnu
Year ended 31 March 2025
Accountlng pollcles (conrfnued)
Incomlng resources
All incoming resources are included in the statement of financial activities when entitlement has
passed to the charity; it is probable that the economic benefits associated with the transaction will
flow to the charity and the amount can be reliably measured. The following specific policies are
applied to particular categories of income:
income from 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
mpractical to measure reliably, in which case the value is derived from the cost to the donor
or the estimated resale value. Donated facilities and services are recognised in the accounts
when received if the value can be reliably measured. No amounts are included for the
contribution of general volunteers.
income from contracts for the supply of services is recognised with the delivery of the
contracted service. This is classified as unrestricted funds unless there is a contractual
requirement for it to be spent on a particular purpose and returned if unspent, in which case
it may be regarded as restricted.
Resources expended
Expenditure is recognised 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 relates:
expenditure on raising funds includes the costs of all fundraising activities, events. non-
charitable 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, including those
support costs and costs relating to the govemance of the charity apportioned to charitable
activities.
otherexpenditure includes all expenditure that is neither ￿lated to raising funds forthe charity
nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs
attributable to a single activity are allocated directly to that activity. Shared costs are apportioned
be￿een the activities they contribute to on a reasonable, justifiable and consistent basis.
Tangible 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 impairment losses.

Craghead Development Trust Limited
Company Llmlted by Guarantee
Notos to tho Flnanclal Statements (contlnu
Year ended 31 March 2025
Accountlng poll¢le8 (eontlnu•dJ
Tanglble asset8 (contlnued)
An Inc￿aSe in the carrying 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 expenditure within the statement of financial activities. 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 activities.
Depreclatlon
Depreciation is calculated so as towrite off the cost orvaluation ofan asset, less its residual value,
over the useful economic life of that asset as follows:
Housing properties
Climbing wall
Other equipment
over 20 years
over 2 years
over 3 years
Impalrnient of flxed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable
amount being estimated where such indicators exist. Vthere the carrying value exceeds the
recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for
possible reversal at each reporting 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￿enerating unit
to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets
that includes the asset and generates cash infiows that largely independent of the cash inflows
from other assets or groups of assets.
Flnanclal Instruments
A financial asset or a financial liability is recognised only when the charity becomes a party to the
contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or payable including
any related transaction costs.
Currentassets and current liabilities are subsequently measured at the cash orother consideration
expected to be paid or received and not discounted.
Debt instruments are subsequentty measured at amortised cost.
10-

Craghead Development Trust Limited
Company Llmlted by Guarantee
Notes to the Flnanclal Statemonts (conllnued)
Year ended 31 March 2025
Accounting pollcles (contlnuedj
Flnanclal Instruments (contlnued)
ere investments In shares are publicly traded or thelr falr 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 impairment.
Other financial instruments. including derivatives, are Initially recognised at fair value, unless
payment for an asset Is deferred beyond nomial business terms 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 a similar debt instrument.
Llmlted by guarantee
The company is limited by guarantee, the members guaranteeing to contribute up to £1 in the
event of the company winding up. There is no ultimate controlling party.
Donatlons and legacles
2025
Unrestricted
2025
2025
Restricted Total Funds
Grants
Grants receivable
Donations
22,749
22,749
2024
Unrestricted
2024
2024
Restricted Total Funds
Grants
Grants receivable
Donations
9.200
9,200
9,200
11

Craghead Development Trust Limited
Company Llmlted by Guarantee
Notes to the Flnanclal Statements (contlnu
Year ended 31 March 2025
Income from charltable actlvltles
2025
Unrestricted
2025
2025
Restricted Total Funds
Bumside
Nursery
Trust
Housing
1,505
306,544
1,505
310.703
4,159
13,940
13,940
326,148
321,989
4,159
2024
Unrestricted
2024
2024
Restricted Total Funds
Bumside
Nursery
Trust
Housing
13,500
222,588
13,500
222,588
13,935
13,935
250,023
250,023
Investment Income
2025
2025
2024
2024
Unrestricted Total Funds Unrestricted Totsl Funds
Bank interest receivable
38
38
Expendlture on charltable actlvStles by fund type
2025
Unrestricted
2025
2025
Restricted Total Funds
Direct charitable activities
272,128
5.433
277.561
Support costs
13,198
285.326
13,198
290,759
5,433
2024
Unrestricted
2024
2024
Restricted Total Funds
Direct charitsble activities
Support costs
257,035
13.615
2,478
259,513
13,615
270,650
2,478
273,128
12-

Craghead Development Trust Limited
Company Llmlted by Guaranlee
Note8 to the Flnanclal Statements (contlnued)
Year ended 31 March 2025
Expenditurn on charltable actlvltles by actlvlty type
2025
2024
Bumside
Nursery
Trust
Housing
15.058
224.256
46,408
5,037
12,054
213,402
44,307
3,365
273,128
290,759
10. Net Income
Net income is stated after chargingl(crediting):
2025
2024
Depreciation of tangible fixed assets
485
210
11. Independent examlnatlon fee8
2025
2024
Fees payable to the independent examiner for..
Independent examination of the financial statements
1,450
1.350
12. Staff costs
The total staff costs and employee benefits for the reporting period are analysed as follows:
2025
2024
Wages and salaries
Social security costs
Pension contributions
220,776
10,285
3,271
234,332
207.123
8,093
4,841
220.057
The average head count of employees during the year was 12 (2024.. 13). The average number of
employees during the year is analysed as follows..
2025
No.
2024
No.
Trust manager
Nursery
11
12
12
13
No employee received employee benefits of more than £60,000 during the year (2024.. Nil).
13. Trustee remuneratlon and expenses
No remuneration or expenses were paid to trustees during the year (2024: £nil>.
During the year fees for accountancy services of £1.835 (2024: £2,425) were paid to TLB
Accountancy sen41￿$, a business controlled by T Bowman.
13-

Craghead Development Trust Limited
Company Llmlted by Guarantee
Notes to the Flnanclal Statements (¢ontlnu•d)
Year ended 31 March 2025
14. Tanglble fixed assets
Houslng
properties
Equlpment Climbing wall
Total
Cost or valuatlon
At 1 Aprll 2024
Additlons
138,000
61,752
614
16,938
216,690
614
At 31 March 2025
138.000
62.366
16,938
217,304
Dèpreclatlon
At 1 Aprll 2024
Charge
61,542
485
16,938
78,480
485
At 31 March 2025
62,027
16,938
78,965
Carrylng amount
At 31 March 2025
138,000
339
138.339
At 31 March 2024
138,000
210
138,210
Housing properties are included at directors valuation as at 31 March 2025. The original cost of
the properties was £69,100.
In 2017 the charity entered into a 30 year lease at peppercorn rent for Burnside Resource centre
from Durham County Council.
15. Debtors
2025
2024
Trade debtors
Other debtors
6,000
2,412
8,412
2,227
2,227
16. Creditors: amounts falling due within one year
2025
2024
Trade creditors
Social security and other taxes
other creditors
2,337
3,304
6,065
11,706
2,917
2,801
5.136
10,854
-14-

Craghead Development Trust Limited
Company Llmlted by Guarantee
Notes to the Flnanclal Statements (contlnued)
Year ended 31 March 2025
17. Analysls of charltable funds
Unrestrlcted funds
1 Aprll 2024
Income Expendlturo Transfern
31 March 2025
General funds (free
reserves)
Deslgnated funds:
Operating fund
Housing fund
27,445
321.989
(285,326)
9,448
73,S56
35,000
138,000
200,445
35,000
138,000
246,556
321,989
1285,326)
9.448
The trustees have designated an operating fund to be set aside to cover core running costs in the
event 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 sellin9 the properties. Within the housing fund is £68,900 (2024:
£68,900) in respect of revaluations.
Restrlcted funds
1 Aprll 2024
Income Expenditure Transfers
31 March 2025
Homes England
Womens group
Youth group
Mens group
Mental health
Wellbeing
Welcome Spaces
Cooker
LED Lighting
Pupil Premium
9,469
(842)
2,923
1244)
2,621
11,900)
{3)
1644)
(96>
(136)
{100)
(132)
(1.866)
7.S69
255
1,029
10
985
1,460
4,416
127
6,500
3,603
25,954
3,250
12,150)
(1,250)
(2.650)
(1.500
{4401
(1,458)
3,000
2,000
6.006
1,993
6,500
4,159
26.908
{556)
15.433)
13,927
19.448)
Transfers between funds rep￿sent internal rent re-charged. management ￿harge and ￿$tricted
funds expended on capital items.
Homes England - to support the maintenance of the housing properties.
Womens, Mens and Youth groups - monies held on behalf of these groups. for their specific
use. 14Nhere balances are overdrawn, this is supported by the Trust until funds become available.
15-

Craghead Development Trust Limited
Company Llmlted by Guarantee
Note8 to the Flnanclal Statements {¢onllnued)
Year ended 31 March 2025
17. Analy818 of ¢harltable funds (contlnued)
Net assets are split as follows:
2025
Unrestricted Restrlcted
2024
Unrestrlcted Restrlcted
Total
Total
Fixed
assets
Current
assets
other than
cash
Cash at
bankl in
hand
Current
liabilities
138,339
138,339
138,210
138,210
2,227
2,227
8,412
8,412
117,696
25,954
143,650
64,677
13,927
78,604
(11,706)
(11,706>
(10,854)
(10,854)
Total net
assets
246,556
25,954
272,510
200.445
13,927 214.372
16-