REGISTERED COMPANY NUMBER.. 05757621 (England and Wales)
REGISTERED CHARITY NUMBER.. 1113927
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
FOR
PRUDHOE COMMUNITY PARTNERSHIP
Karen Saddinglon ACA
Digital Accountancy
Spetchells Centre
58 Front Street
Prudhoe
Northumberland NE42 SAA

PRUDHOE COMMUNITY PARTNERSHIP
CONTENTS OF THE FINANCIAL STATEMENTSFOR
THE YEAR ENDED 31 MARCH 2025
Page
Report of the Trustees
Independent Examiner's Report
Slatemenl of Financial Aclivities
Balance Sheet
Notes to the Financial Statements
12 10 21
Detailed Slalemenl of Financial Activities
22

PRUDHOE COMMUNITY PARTNERSHIP
REPORT OF THE TRUSTEES
ST
FOR THE YEAR ENDING 31 MARCH 2025
Charlty Name:
Prudhoe Community Partnership
Charity Reglstration Number:
1113927
Company Reglstration Number:
5757621
Reglstered Office and operatlonal address:
Spetchells Centre
58 Front Street, Prudhoe, Northumberland
NE42 SAA
Website '. ww.
rudhoe.or
Facebook.. www.facebook.com/s
Twitter (Xl.. @prudhoecp
etchellscentre
Trustees:
Caroline Warburton
Paul Murray
Judith Savage
(re-elected July 20221 Chair of Trustees (April 2021 }
(re-elected July 20221 Deputy Chair (July 2021)
Treasurer
Alan Sawyers
Dr Steven Quilliam
Judith Savage
Sue Henderson
Lorraine Lathan
(elected January 20251
(re-elected July 20231
(elected April 2023)
(elected January 2025)
(elected January 20251
vacant
Dorothy Dickinson
Norlhumberland County Council County Councillor
Prudhoe Town Council representative
Retired Trustees:
Brenda Grey
Paul Hillary
Dr Carol Stephenson
Company Secretary:
Gail Jewitt
Independent Examlner:
Digital Accountancy
Spelchells Centre, 58 Front Street, Prudhoe
Norlhumberland, NE42 SAA
Bankers:
Unity Trust Bank
Nine Brind leyplace
Birmingham, B12HB
Solicitors:
Caris Robson LLP
7 Front Street
Prudhoe, NE42 5HJ
Page I

PRUDHOE COMMUNITY PARTNERSHIP
REPORT OF THE TRUSTEES
ST
FOR THE YEAR ENDING 31 MARCH 2025
The trustees, who are also directors of the charity for the purposes of the Companies Act
2006, present their report with the financial statements of the charity for the year ended 31,
March 2025. The trustees have adopted the provisions of Accounting and Reporting by
Charities, 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 <FRS102) (effective 1st January 2019)
OBJECTIVES AND ACTIVITIES
Objectives and Aims
The Partnership's purpose as set out in the objects contained in the company's
Memorandum of Association are to promote, for public benefit, urban and rural regeneration
in areas of social and economic deprivation - in particular the community of Prudhoe and
district in the county of Northumberland.
The Partnership currently interprets this as "making Prudhoe a betterplace to live work and
visif, and engages in several activities to fulfil this aim.
Public Benefit
Trustees are aware of their duty to have a due regard to the Charity Commission's public
benefit guidance when exercising any powers or duties to which the guidance is relevant.
In meeting their purpose 'to make Prudhoe a better place to live, work and visit,, they record
activities that provide public benefit in the current year below.
As examples of meeting the public benefit requirement, trustees especially note the
provision of facilities for the public in Spetchells Centre and the proposed redevelopment of
East Centre for young people as well as a number of small and large projects, many of
which are listed below.
Significant Activities
During the year, the Partnership has been involved in the following projects..
(i)
Spetchells Centre
The Partnership manages a purpose-built community hub opened in 2012, which provides
off ices and facilities for a range of public, private and voluntary groups, and organisations. It
houses Prudhoe Library, which is the core tenant, and Northumberia Police.
The Spetchells Centre provides wide ranging public benefit to the people of Prudhoe by
ensuring that advice and information services from Northumberland County Council,
Prudhoe Town Council, Barclays Bank and Lloyds Bank are readily available in the centre of
town.
The offices were fully let throughout the year and tenants included Northumbria Police,
Northumberland County Council, Prudhoe Town Council, Barclays Bank plc, Digital
AccountanGy, Prudhoe Youth Project, Mortal Fools and AS-Design.
The Spetchells Centre has been increasing its occupancy, and, at the end of March 2025,
the building is fully occupied.
Page 2

PRUDHOE COMMUNITY PARTNERSHIP
REPORT OF THE TRUSTEES
ST
FOR THE YEAR ENDING 31 MARCH 2025
In September 2021, the Partnership took on a 5-year lease of 61 Front Street, Prudhoe,
which is a small retail premises, to turn it into Prudhoe Community Hub, providing a public
face for PCP and to allow for wider community work. As with all community-based projects,
its development is organic as the space can be used at short notice for the needs of the local
community.
East Centre
The Partnership's work on developing a viable 'fit for purpose, Youth and Community Hub
continue. A working party has made considerable progress and have engaged Mosedale
Gillatt Architects (www.m
architects.info) to work on the plans to bring the designs to RiBa3
level. Pre-planning application was successful and addition work on the plans continues.
Application to Borderlands Government funding is being prepared ready for submission in
December 2025.
Prudhoe Pocket Park - Community Orchard - Co-op Flower bed (Bee Bed)
The Partnership continues to care for this community asset which is widely used by the
community to meet and chat with family and friends. The Partnership is also working with
Prudhoe Space for Nature to develop a Community Orchard and Garden as well as
developing Bee Bed in the area outside the Coop Supermarket. The Community
OrchardlGarden continues to thrive with plans to open to the public in autumn 2025.
(Iv) Arts and Culture
The Prudhoe Arts Festival continues to grow and develop through 2024 and into 2025. The
Arts Trail 2024 saw a significant rise in visitors to the town and Music by the Riverside was a
great success despite the wet weather. Plans to develop both aspects of our arts and
culture offering for 202516 are going well. The Arts, Festival runs in July of each year.
(v)
Volunteering
The Partnership continued to support volunteering in Prudhoe with support from
Northumberland CVA.
Ivi) Climate Change and Biodiversity
The Partnership has taken the lead on forming a working party to look at issues around
climate change and biodiversity running a number of Prudhoe Goes Green days which has
been very popular with the general public. Working in partnership with Prudhoe Town
Council, a 'climate emergency, statement has been published. A small project to extend
public activities has seen the beginnings of the Green Butterfly project with small planters
being distributed to community groups.
(vii) Community Led Housing- Ebenezer Chapel
Whilst initially it looked as if this project was unsuccessful, the Partnership have been
approached once again to look at taking on this development. The Partnership is working
Page 3

PRUDHOE COMMUNITY PARTNERSHIP
REPORT OF THE TRUSTEES
ST
FOR THE YEAR ENDING 31 MARCH 2025
with Karbon Homes go develop community housing. Karbon Homes is taking the lead on
this project.
(viii) Prudhoe Walled Garden
The Partnership has continued it work with the community to develop the walled garden as a
community asset. This work is on-going and involves Prudhoe Town Council and several
community groups.
lix) The Glade Development
The Partnership has been working with Prudhoe Town Council and Northumberland County
Council to develop a more user-friendly public space and a permanent performance area.
Application to Borderlands Government funding is being prepared ready for submission in
December 2025.
(x)
Front Street Retailer Support
The Partnership has been working with the High Street Task Force consultants to look at
ways of supporting our Front Street retailers. As a result of this work an application to
Borderlands Government funding is being prepared ready for submission in December 2025.
This is to work on several small projects with an aim to get this project into the Prudhoe
Place Plan to seek additional revenue funding.
FINANCIAL REVIEW
Flnancial Position
The Partnership received income of £163,977 (2024.. £143,169) and incurred expenses of
£95,920 (2024.. £102,513). In addition, the Partnership made mortgage repayments on
Spetchells Centre of £30,636 which are treated as capital.
General Fund (unrestricted)
This fund is used to support new initiatives in the town and for general development work
which trustees are unable to undertake themselves. The General Fund received income of
£26,398 (2024.. £24,144) mainly comprising rent from shops and expenditure was £15,715
(2024.. £18,364) for core running costs of the charity and for development activities in
relation to East Centre.
Spetchells Centre Fund (unrestricted
This fund is for running Spetchells Centre. It received income of £137,579 (2024.. £119,025)
mainly from rents and service charges. Expenditure incurred was £80,205 (2024.. £84,149),
mainly for mortgage interest payments, building management, services, and repairs. The
Trustees aim to break even in running the Centre after accounting for capital repayments on
the mortgage of £30,636, there was a surplus of £26,738 for the year.
Other Funds (restricted)
These are specific funds for a significant number of short and long-term projects where the
Partnership has been successful in its bids for external funding. These cover a wide range of
community projects including the Arts Festival, Radio Prudhoe, Prudhoe Space for Nature,
Prudhoe Local History Society and Warm Space, Pocket Park and general project support.
Page 4

PRUDHOE COMMUNITY PARTNERSHIP
REPORT OF THE TRUSTEES
ST
FOR THE YEAR ENDING 31 MARCH 2025
Any surplus income at the end of the year goes into reserves to help pay costs going
forward. Income and expenditure change each year, so we need to keep money in reserves,
to cover any deficits arising over a 12-month period. Reserves are also held to meet
redundancy costs and six months running costs and to ensure sufficient funds to meet any
emergency repairs that might be needed to the property. We also raise funds each year from
grants. donations and contributions that help us to deliver projects across the community.
Assets
The Partnership holds long term leases from Northumberland County Council on the
following properties..
-Spetchells Centre
-68 & 69 Front Street (tenants.. Red Hot Property and Stevie Cuts)
-23A Front Street (tenant.. Shoefix)
-51 Front Street (tenant.. Dhillions Fish Inn)
The Partnership is four years into a five-year lease at a peppercorn rent with the Co-op for
the Pocket Park which started in January 2021.
Reserves policy
The Trustees, policy is to hold reserves to meet redundancy costs and six months running
costs and to hold sufficient funds to meet any emergency repairs that might be needed to the
property, and they consider this to be an adequate sum for that purpose.
FUTURE PLANS
Trustees continue to develop their long-term plans through the PCP Strategic Plans. The
Borderlands consultations continue at a very slow and frustrating pace. In the meantime, the
work of the Partnership is growing fast with the help of external funding and expertise. The
key projects being..
Working on developments with East Centre project by engaging 50 hours of time
from CAN (Alan Gerono). Working on the asset transfer from NCC continues. Initial
plans have now been submitted for pre-planning agreement and have been
successful.
Developing the Prudhoe Community Hub as a central place for information and
support. The aim to cover the running costs within two years is proving challenging
and covering the costs to maintain the service is a concern to Trustees
The Prudhoe Arts Festival 2025 will run in July with both an Arts Trail and Music
Festival as well as Bookworm in partnership with the Library.
Working with Prudhoe Space for Nature and with Karbon Homes work is now
progressing on the community orchard. In addition, the Bee Bed is now in full bloom
and a much-loved asset to the town.
Ebenezer Chapel development with Karbon Homes, involving both the Methodist
Church and the Mining Remediation Authority (Coal Board) is moving on with plans
for eight-flat affordable homes using some of the existing stonework in a new-build.
Karbon Homes are leading on this project
Working with an established group on securing the Prudhoe Walled Garden for
community use.
Poge 5

PRUDHOE COMMUNITY PARTNERSHIP
REPORT OF THE TRUSTEES
ST
FOR THE YEAR ENDING 31 MARCH 2025
The Partnership is leading on three significant projects for Borderlands funding.
These include working with the Prudhoe Town Council, Northumberland County
Council and a number of community groups.
Working with interested parties on Prudhoe Goes Green centring on renewable
energies, saving money on heating and fuel and several similar related projects.
Supporting the Prudhoe Youth Project in its works with young people.
Building on plans to support Volunteering in Prudhoe.
Developing plans for The Glade to update the facilities for performances, social
interaction and market spaces.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The partnership is a charitable company limited by guarantee, incorporated on 26th February
2006. The company was established under a Memorandum of Association which established
the objects and powers of the charitable company and is governed under its Articles of
Association. The Memorandum and Articles were revised and the Annual General Meeting
th
on 15 July 2009 and again at the Annual General Meeting on 20 July 2017.
th
STRUCTURE, GOVENANCE AND MANAGEMENT
Charity constitution
The Partnership is governed by the trustees who are also directors of the company. The
composition of the trustees, body is:
Ten trustees elected from individuals and organisations in membership of the
Partnership
One trustee appointed by Northumberland County Council
One trusteed appointed by Prudhoe Town Council
Trustees meet bi-monthly and volunteer to help in running Spetchells Centre and as
members of working parties and in other ways. All the projects are undertaken by trustees
and supporters on a voluntary basis except when particular skills or resources are needed.
Projects requiring additional expertise have this work covered by external grants.
Trustees consider that the increased level of activity required additional and skilled help and
agreed to contract with Community Action Northumberland to provide a development worker
for 50 days a year to support trustees. This arrangement has worked well, and the contract
has been renewed for a further year.
Trustees are elected by members of the Partnership at the Annual General Meeting. At the
end of the year, there were 62 members.
Caroline Warburton was appointed Chair on 1 sl April 2021 and continues in this role until
April 2026. Paul Murray continues as the Deputy Chair role and Judith Savage is the
Treasurer. The Annual General Meeting remains in September with the next AGM to be held
on Tuesday 16 September 2025.
Staff
The Partnership employs a part time Manager for Spetchells Centre, Gail Jewitt, and a part
lime Assistant Manager, Julie Smith.
Page 6

PRUDHOE COMMUNITY PARTNERSHIP
REPORT OF THE TRUSTEES
ST
FOR THE YEAR ENDING 31 MARCH 2025
Related Parties
Angle Scott is the elected member of Northumberland County Council and Dorothy
Dickinson is the elected member of Prudhoe Town Council with both of these providing
financial support to the Partnership. Both authorities are also tenants of Spetchells Centre.
Accounts and external examination
Following a review of accountancy services, Digital Accountancy, based in Spetchells
Centre, have been appointed as Independent Examiner for 2024125
This report has been prepared in accordance with the Statement of Recommended Practice..
Accounting and Reporting by Charities (issued in March 2005) and in accordance with the
special provisions of Part Vll of the Companies Act 1985 relating to small entities.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Risk Management
The Partnership will review its risk assessment in November 2025. An initial assessment
identifies potential loss of tenants because of the long-term impact of the pandemic and the
general rise in the costs of living.
Approved by order of the board of trustees on and signed in its behalf by..
Caroline Warburton - Chair of Trustees
Page 7

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
PRUDHOE COMMUNITY PARTNERSHIP
Independent examiner's report to the trustees of Prudhoe Community Partnership I'the Company,)
I report lo the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2025.
Responsibilities and basls of report
As the charity's trustees of the Company {and also ils directors for the purposes of company lawl you are responsible for
the preparation of the accounts in accordance with the requirements of the Companies Act 2006 {'Ihe 2006 Act,.)
Having salisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2008 Act,
and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried
out under section 145 of the Charities Act 2011 {'the 2011 Act.). In carrying out my examination I have followed the
Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
Independent examiner's Statement
Since your charity's gross income exceeded £250,000, your examiner musl be a member of a listed body. I can confirm
that l am qualified to Ltndertake the examination because l am a registered member of the Institute of Chartered
Accounlanls in England and Wales. which is one of the listed bodies.
I have completed my examination. l confirm that no mallers have come lo my attention in connection with the
examination giving me Gause to believe..
accounting records were not kept in respèct of the Company as required by section 386 of the 2006 Act., or
the accounts do not accord with those records., or
the accounts do not cornply with the accounting requirements of section 396 of the 2006 Act other than any
requirement that the accounts give a true and fair view, which is not a maller considered as part of an
independent examination., or
the accounts have not been prepared in accordancè with the methods and principles of the Statement of
Recommended Practice for accounting and reporting by charities (applicable lo charities preparing their
accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Irèland
IFRS 102)).
I have no concerns and have come across no other matters in connection with the examination lo which attention should
be drawn in this report in order lo enable a proper understanding of the accounts lo be reached.
Karen Saddington ACA
Inslitvle of Chartered Accounlanls in England and Wales
Digital Accountancy
The Spetchells Centre
58 Front Street
Prudhoe
Northumberland
NE42 SAA
Dale..
Z6 01 201
Page 8

PRUDHOE COMMUNITY PARTNERSHIP
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2025
2025
Total
funds
2024
Total
funds
Unrestricted
funds
Restricted
funds
Notes
INCOME AND ENDOWMENTS FROM
Donations and legacia8
(281)
8,293
8,012
15,368
Investment income
160,520
160,520
139,752
Other Income
3,738
3,738
3,364
Total
163,977
8,293
172,270
158,484
EXPENDITURE ON
Charitable activities
General charitable actlvltles
95.920
95,920
119,155
Net galns on Snvestment8
NET INCOME
68,057
8,293
76.350
39,329
Transfers between fund8
16
Net movement In fund8
68,057
8,293
76,350
39,329
RECONCILIATION OF FUNDS
Total funds brought forward
1,044.674
20,304
1,064.978
1,025,649
TOTAL FUNDS CARRIED FORWARD
1,112,731
28,597
1,141,328
1,064,978
The notes form part of these financial statements
Page 9

PRUDHOE COMMUNITY PARTNERSHIP (REGISTERED NUMBER: 057576211
BALANCE SHEET
31 MARCH 2025
2025
2024
Notes
FIXED ASSETS
Tangible assots
Investment property
1,117,500
227.500
1,117.500
227,500
10
1,345.000
1,345,000
CURRENT ASSETS
Debtors
Cash at bank and In hand
6.288
160,594
6,352
118,149
166,882
124,501
CREDITORS
Amounts falling due within onè yèar
12
33,754
37,087
NET CURRENT ASSETS
133.128
87,414
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,478,129
1,432,415
CREDITORS
Amounts falllng due after more than one year
13
336,801
367,437
NET ASSETS
1,141,328
1.064,978
FUNDS
Unrestrlcted funds:
General fund
Capltal fund
18
123,354
979,505
1,102,859
38,469
95,805
948.869
1,044,674
20,304
Re8trlcted funds
TOTAL FUNDS
1,141.328
1,064,978
The charitable company is enlilled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31
March 2025 in accordance wilh Section 476 of the Companies Act 2006.
The members have not required the company lo obtain an audit of its financial slalements for the year ended 31 March 2025 in
accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their re8pon8lbllltleg for:
la) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies
Act 2006 and
Ibl preparing financial slatemenls which give a Ifue and fair view of the slate of affairs of the charitable company as al
the end of each financial year and of its surplus or deficit for each financial year in accordance wilh the requirements
of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating lo
financial statements so far as applicable lo the charitable company.
The notes form part of these financial slatemenls
Page 10
conv...

PRUDHOE COMMUNITY PARTNERSHIP {REGISTERED NUMBER: 05757621)
BALANCE SHEET- continued
31 MARCH 2025
These financial statements have been prepared in accordance with the provisions applicable lo charitable companies subject
lo the small companies regime.
JO Sexi
The financial statemenls ere approved by the Board of Trustees and aulhorised for issue on.........
and were signed on ils behalf by..
Ms C L Warburton - Trustee
P Murray . T
stee
The notes form part of these financial statements
Page11

PRUDHOE COMMUNITY PARTNERSHIP
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
1 ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company. which is a public benefit enlily under FRS102. have been prepared in
accordance with the Charities SORP (FRS 102) 'Accounling and Reporting by Charities.. 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) {effeclive 1 January 2019),, Financial Reporting Standard 102 'The Financial Reporting
Standard applicable in the UK and Republic of Ireland and the Companies Act 2006. The financial statements have been
prepared under the historical cost convention, as modified by the revaluation of certain assets.
Financial reporting standard 102 - reduced disclosure exemptions
The charitable company has taken advantage of the following disclosure exemptions in preparing these financial stalemenls,
as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland..
the requirements of section 7 Statement of Cash Flows.
Income
All income is recognised in the Statement of Fin8ncial AGliviliès once the charity has enlitlemenl to the funds, il is probable
that the income will be received and the amount can be measured reliably.
Voluntary income including donations and grants are recognised where there is entitlement, certainly of receipt and the
amount can be measured with sufficient reliability. Income from charitable aclivilies is recognised as earned under contracl
or where enlillemenl to grant funding is subject lo specific performance conditions.
Expendlture
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity lo that
expenditure, il is probable that a transfer of economic benefits will be required in settlement and the amount of the
obligation can bè measured reliably. Expenditure is a¢Gounlèd for on an accruals basis and has been classified under
headings that aggregate all costs related lo the category. Where costs cannot be directly allribuled lo particular headings
they have been allocated to activities on a basis consislenl with the use of resources.
Grants offered subject to conditions which have not been mel al the year end dale are noted as a commitment but not accrued
as expenditure.
Tanglble flxed a88et8
Depreciation is provided at the following annual rates in order lo writé off each asset over ils 6slimated useful life.
Long Leasehold - not provided
Fixtures and fittings - 250/0 slraighl line
Investment property
Inveslmenl property 15 shown al most fecenl valuation. Any aggregalg surplus or deficit arising from changes in fair value
is recognised in the Slalement of Financial Aclivilies.
Taxation
The charily is exempl from corporation tax on ils charitable aclivilies.
Fund accountlng
Unreslricled funds can be used in accordance with the charitable objectivities at the discretion of the Iruslees.
Reslricled funds can only be used for particular reslricled purposes within the object of the charity. Restrictions arise
when specified by the donor or when the funds are raised for particular reslricled purposes.
Page 12
conv.,.

PRUDHOE COMMUNITY PARTNERSHIP
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025
1 ACCOUNTING POLICIES - contlnued
Fund accounting
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Penslon costs and other post-retlrement benefits
The chari18ble company operates a defined contribution pension schemè. Contributions payable lo Ihe charitablè
company's pension scheme are charged lo the Slalement of Financial Activities in the period to which they relate.
2 INVESTMENT INCOME
2025
2024
Rents & service charges
160,520
139.752
Breakdown of investment inGome
Rent8 and Service charges
2025
2,024
General fund
Spetchells fund
26.398
134,122
24,144
115,608
Total
160,520
139,752
3 CHARITABLE ACTIVITIES COSTS
Direct
Costs (see
note 4)
Totals
General charitable activities
95,920
95,920
Page 13
conv...

PRUDHOE COMMUNITY PARTNERSHIP
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025
4 DIRECT COSTS OF CHARITABLE ACTIVITIES
Breakdown of expendlture bet￿een funds
General
Spetchells
Other
2025
2024
Staff costs
2.000
18,465
21,837
6,435
1,770
16
20,230
2,864
1,080
20,465
21,837
6,435
1,770
16
20,230
2,864
1,080
21,799
20,090
5,356
3,633
{35}
24,676
2.864
539
Insurance
Telephone
Printing, stationery & advertising
Cleaning & maintenance
Accountancy
Professional fees
Depreciation
Office costs
Interest
Other costs
Dèvelopment activities
Grants to institutions
135
1.419
5,676
413
1,554
5.676
1,293
12,700
933
6,157
1,001
15,500
880
12,700
15,715
80,205
95,920
102,513
5 NET INCOME I IEXPENDITUREI
Net incom8 1 lexpendilure) is stated after charging I Icredilingl..
2025
2024
Depreciation - owned assets
Independent examiner's fees
1,500
1.500
6 TRUSTEES, REMUNERATION AND BENEFITS
There were no trustee's remuneration or other benefits for the year ended 31 March 2025 nor for the year ended
31 March 2024.
Tru8tees' expense8
There were no Iruslees, expenses paid for the year ended 31 March 2025, nor for the year ended 31 March 2024.
Page 14
conll...

PRUDHOE COMMUNITY PARTNERSHIP
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025
7 STAFF COSTS
2025
2024
Wages and salaries
Other pension costs
19,998
467
20,465
21,331
468
21,799
The average monthly number of employees during the year was as follows..
2025
2,024
Management and adminislralion
No employees received emoluments in excess of £60.000.
8 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
funds
Reslricled
funds
Total
funds
INCOME AND ENDOWMENTS FROM
Oonalions and legacies
(2811
8,293
8,012
Investment income
Other income
160,520
3,738
160,520
3,738
Totsl
163,977
8,293
172,270
EXPENDITURE ON
Charitable activities
General charitable activities
95,920
95,920
Nel gains on investments
NET INCOME (EXPENDITURE)
68.057
8.293
76,350
Transfer between funds
Net movemènt in funds
68,057
8,293
76,350
RECONCILIATION OF FUNDS
Total funds brought forward
1,044,674
20,304
1,064.978
TOTAL FUNDS CARRIED FORWARD
1,112,731
28.597
1.141,328
Page 15
conu...

PRUDHOE COMMUNITY PARTNERSHIP
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025
9 TANGIBLE FIXED ASSETS
Fixlur&s
and
fittings
Long
leasehold
Totals
COST
As al 1 April 2024 and 31 March 2025
1.117,500
62.534
1,180,034
DEPRECIATION
As at1 April 2024
62,534
62,534
Charge for year
At 31 March 2025
62,534
62,534
NET BOOK VALUE
At 31 March 2024
1,117,500
1,117.500
Al March 2025
1,117,500
1,117.500
The Spelchells Centre was valued in February 2017 al a commercial market value assuming vacant possession al £750.000.
The Iruslees consider Ihal because of the length of the lease, the security of mosl tenancies 8nd the social value of the
building lo the community, the fair value of the building is £1.117,500.
10 INVESTMENT PROPERTY
FAIR VALUE
As 1 April 2024
and March 2025
227,500
NET BOOK VALUE
At 31 March 20245
227,500
227,500
11 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025
2024
Trade deblors
Other debtors
Prepaymenls and accrued income
4,561
25
1,702
6,288
4,625
25
1,702
6,352
Page 16
conv...

PRUDHOE COMMUNITY PARTNERSHIP
NOTES TO THE FINANCIAL STATEMENTS - contlnued
FOR THE YEAR ENDED 31 MARCH 2025
12 CREDITORS - AMOUNTS FALLING DUE WITHIN ONE YEAR
2025
2024
Bank loans and overdrafls (see note 141
Trade creditors
Social security and other taxes
VAT
Other Creditors
A¢cruals and deferred income
28,694
2.878
62
1.085
467
568
33,754
28,694
3,055
47
4.266
457
568
37,087
13 CREDITORS- AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025
2024
Bank loans (see note 14)
336,801
367.437
14 LOANS
An analysis of the maturity of loans is given below:
2025
2024
Amounts falling due within one year on demand..
Bank loans
28,694
28,694
Amounts falling between two and five years
8ank loans 1 2 years
28,694
28.694
Amounts falling belween two and five year5
Bank loans 2 - 5 years
86,082
86,082
Amounts falling due in more than five yeais
Repayable by inslalmenls
Bank loans more than 5 yrs by inslalmenl
Repayable other than by inslalments..
Bank loans more than 5 yrs non-inslalmenls
222,025
252.661
15 ANALYSIS OF NET ASSETS BETWEEN FUNDS
2025
Total
funds
2024
Total
funds
Unreslricled
funds
Restricted
funds
Fixed assets
Investments
Current assets
Current liabilitie5
Long term liabilities
1,117,500
227,500
128,414
(33,754)
336,801)
1,102.859
1,117,500
227,500
166,883
(33,7541
336,801
1,141.328
1,117,500
227.500
124,501
{37.0871
(367,437
1,064,978
38,469
38.469
Page 17
conv...

PRUDHOE COMMUNITY PARTNERSHIP
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025
16 MOVEMENT IN FUNDS
Net
Movement
in funds
Transfers
between
funds
At
0.04.24
Al
31.3.25
Unrestrictèd funds
General fund
SpelGhells fund
Capital fund
95,805
10,402
57,655
17,147
(57,655)
30.636
(9,8721
123,354
948,869
1,044.674
979,505
1,102,859
68,057
Restricted funds
Anglè Scott Christmas Appeal
Arts Workshops
Borderlands . Front Street
Borderlands The East
Climate Change
Community Chest
Community Events- Arts and Culture
Coronation Community Fund
Credit Union
Ebenezer Chapel
Employment Skills & Advice Centre
Estelle Library Fund
Event Support
Flowerbed Project
Green Bullerfly Project
Let's Gel Digital
Library Workshops
MLIS Gordon Stewart Grant for Sculpture
Music by the river
NCC Local Improvement Scheme
Pocket Park
Prudhoe & Oislricl Local History Society
Prudhoe Community Hub
Queens Jubilee Fund
Radio Prudhoe
Space for Nature
Spelchells Welcome Dèsk
Upcycling project
VE80
VIP Income
Warm spaces
615
550
1,555
18,750
11,162)
(195}
1,400
43
658
550
2.955
19,096
7,601
2,101
4,494
1,400
346
5,408
12.3821
5,847
355
203
3.355
4,678
(2.7531
(3551
(203}
{1,019)
12,915)
1571
{3831
14341
{2,921}
(245)
556
{463)
2,915
57
383
150
3,850
245
284
(929}
500
2,000
483
(1,1081
1657}
(1,609)
{11,748)
500
2,000
16151
{2,1191
3,410
1,176
{10,791}
{530)
765
3,510
2.785
111,6051
306
632
2,019
611
118
1,916
1568)
(1,7761
557
12,562
(3061
(136)
745
(1,619)
1,241
400
611
11181
17601
4,508
{1,000)
1,156
4,508
1.000
20.304
8,293
9,872
38,469
TOTAL FUNDS
1.064,978
76,350
1.141,328
Page 18
conll...

PRUDHOE COMMUNITY PARTNERSHIP
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025
MOVEMENT IN FUNDS - continued
Nel movement in funds, included in the above are a5 follows..
Incoming
re50ur¢es
Resources
expended
Movement
in funds
Unrestricted funds
General fund
Spelchells fund
26,117
137,860
15.715
80,205
10,402
57,655
183,977
95,920
68,057
R6Strlcted funds
Angle Scott - Christmas Appeal
Arts Workshops
Borderlands - Front Street
Borderlands- The East
Climate Change
Community Chest
Community Events - Arts and Culture
Coronation Community Fund
Credit Union
Ebenezer Chapel
Employment Skills & Advicè Cèntre
Estelle Library Fund
Event Svpport
Flowefbed Project
Green Bullerfly Project
Let's Gel Digital
Library Workshops
MLIS Gordon Stewart Grant for Sculpture
Music by the river
NCC Local Improvement Scheme
Pocket Park
Prudhoe & District Local History Society
Prudhoe Community Hub
Queens Jubilee Fund
Radio Prudhoe
Space for Nature
Spelchells Welcome Desk
Upcycling project
VE80
VIP Income
Warm spaces
815
550
1,555
18,750
615
550
1,555
18,750
{1,162}
1195)
1,400
1,162
195
1,400
556
556
284
284
{929)
929
500
2.000
483
500
2,000
483
11,108}
(6571
11 ,6091
(11,7481
1,108
657
1,809
11,748
745
745
{1,8191
1,619
118
11181
27,438
19,145
8,293
TOTAL FUNDS
191.415
115,065
76,350
Page 19
conll...

PRUDHOE COMMUNITY PARTNERSHIP
NOTES TO THE FINANCIAL STATEMENTS _ continued
FOR THE YEAR ENDED 31 MARCH 2025
16 MOVEMENT IN FUNDS continued
Comparatlvo8 for movement in funds
Net
Movement
in funds
Transfers
between
funds
Al
0.04.23
At
31.3.24
Unrestricted funds
General fund
Spet¢hells fund
Capital fund
85,304
6,002
34,654
4,499
134,654}
30,155
95,805
918,714
1,004.018
948,889
1,044.674
40.656
Restricted fund8
Angle Scott - Christmas Appeal
Arts Workshops
Bordèrlands - Front Street
Borderlands - Thè East
Climate Change
Community Chest
Community Events - Arts and Culture
Coronation Communily Fund
Credit Union
Ebenezer Chapel
Employment Skills & Advice Centre
Estelle Library Fund
Event Support
Flowerbed Project
Green Bullerfy Project
Let's Gel Digital
Library Workshops
MLIS Goidon Stewart Grant for Sculpture
Mu51¢ by the river
NCC Local Improvement Scheme
Pocket Park
Prudhoe & District Local History So¢iely
Prudhoe Community Hub
Queens Jubilee Fund
Radio Prudhoe
Space for Nalure
Spetchells Vvelcome Desk
Upcycling project
VE80
VIP Income
Warm Spaces
1,400
540
4,918
11,479)
1,400
346
5,408
{2,382)
5,847
355
203
11941
490
(903)
5,847
355
203
2.915
469
480
2,915
57
383
150
3,850
745
{412)
1971
150
3,850
500
245
2,836
13,366)
765
11,1121
1224)
{7,484)
{530)
765
3,510
2,785
112,1051
306
632
2,019
611
118
1,916
4,622
3,009
(4.6211
306
632
1,194
825
611
1,575
1.916
11,4571
1,000
1.000
21,631
1,327
20.304
TOTAL FUNDS
1,025,649
39,329
1.064,978
Page 20
conu...

PRUDHOE COMMUNITY PARTNERSHIP
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025
16 MOVEMENT IN FUNDS continued
Unrestrlcted funds
General fund - any income gifted or granted lo PCP for ils general aclivilies, including the rental income from two rental
properties transferred under the 'Assel transfe¢ procedures from Northumberland County Council lo PCP.
Capital fund - the value of the fixed assets and investment properties less any associated borrowings.
Restricted funds
Specific funds for community projects, where the Partnership has been successful in il's bid for external funding.
17 RELATED PARTY DISCLOSURES
Thére were no related party transactions for the year ended 31 March 2025.
18 MEMBER LIABILITY
Th& charity is a private company limited by guarantee and consequently does not have share capital. Each of the
members is liable to contributè an amount not exceeding £1 towards the assets of the charity in the event of liquidation.
Page 21

PRUDHOE COMMUNITY PARTNERSHIP
DETAILED STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2025
2025
2024
INCOME AND ENDOWMENTS
Donations and legacies
Donations
Grants
(281}
53
(281)
53
Investment Income
Rents & Service charges
160.520
139,752
Other incorne
Spelchells other income
3,738
3,364
3,738
3,364
Total In¢omlng resour¢e8
163,977
143,169
EXPENDITURE
Charitable activitles
Wages
Pensions
Utilities
Insurance
Telephon8
Postage and stationery
Sundries
Cleaning & m8inlenan¢e
Officè expenses
Accountancy
Independent examiners fees
Legal and professional fee5
Bank charges
Developrnenl activities
Fixtures and filtings
Mortgage interest
Grants to inslilulions
19,998
467
21,837
6.435
1,770
16
1,293
20.230
1,554
1.364
1,500
1,080
21,331
468
20,090
5,356
3,633
135)
779
24,676
933
1,364
1.500
539
222
15,500
12,700
5,676
6,157
Total resources expended
95,920
102,513
Net income
68,057
40,656
This page does not form part of the stalulory financial statements
Page 22