2021-03-31-accounts - Greater Morpeth Development Trust

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Grcatcr Mor,peth Development Trust ()1 tuwi) & Loulltryside

GMDT structure and team

A successful development trust

Greater Morpeth Development Trust (GMDT)

Objectives and aims of GMDT

Greater Morpeth Development Trust (GMDT) has been in existence since 2006 and the diverse range of projects carried out over the past fourteen years could not have happened without the support of our partners, funders and members. GMDT has continued its objective of developing partnership networks through facilitation to develop initiatives and through the skills base in the team adding value where ever possible to make Morpeth a quality place to live.

GMDT has developed a portfolio of projects to deliver these aims and objectives and the major capital schemes which have benefitted the town include the redevelopment of Morpeth Town Hall and Morpeth Railway Station which generate development revenue and a sustainable income to support the activities of GMDT. This has been achieved through the support of a number of funding bodies who have invested in the vision to redevelop key public assets within Morpeth – the main funders being Heritage Lottery Fund, Network Rail, Northern Trains Limited, Northumberland County Council, Railway Heritage Trust and North East Rural Growth Network.

The existing staff team is made up of 2 part time members supported by a range of professional associates to deliver a portfolio of quality projects and through engaging volunteers’ support and strong partnership working we work to maintain our level of service delivery for the benefit of Morpeth. You can find more about our work on our website www.gmdt.net.

The front cover is from the GMDT Office.

GMDT is an independent company limited by guarantee and a registered charitable trust.

Company Registration Number 5676236, Charity Number 1117036, VAT Number 101 6832 50

Contacting GMDT

Carlisle Park Lodge Castle Square Morpeth NE61 1YD

www.gmdt.net Tel: 01670 503866 Email: info@gmdt.org

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GMDT structure
Board
(as at 31 [st] March 2021)
Staff team
Arts & Culture Community Environment Heritage
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The interest groups are made up of volunteers who help to develop and deliver regeneration projects and support other groups operating within the area. There are a number of projects that the interest groups work together on, like the Morpeth-wide signage and interpretation project and the events portfolio.

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GMDT Board
GMDT Staff
Mike Willis Hugh Edmundson
Linda Wilson Chair and Environment Interest
Office Administrator Community Director Group Director
Karen Bower
Julie Hawthorn Vice Chairman and Barbara Martin
Office Administrator Community Director Community Director
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Frank Rescigno Arts and Culture Interest Group Director Richard Burrow

All Change at the Lodge - Annual report on staffing at GMDT

Kevin Johnson Associate Director Hayley Brown Associate Director Katie Ridley Associate Director

Kim Bibby-Wilson Heritage Interest Group Director

The last year has seen a complete turnover of staff at the GMDT office in the Lodge. All three former members of staff decided to retire in early 2021, so the trust bade farewell to David Lodge, Karen Tweddle and Caroline Clough. All three have served the Trust admirably. The successful completion of the renovation of Morpeth Station, a major and complex project, was due in no small part to their conscientious and skilled input. We wish them a long and very enjoyable retirement. The completion of the station project and the retirement of all the trust’s staff provided an opportunity to review the staffing profile that would be necessary and sustainable for the Trust over the next period. With no projects on the books of a similar

positions in March. Julie joins us with a background working for the National Trust, while Linda has worked previously at Newcastle University and with a charity supporting people with eating disorders. They have settled in extremely well and, between them, provide an office presence at the Lodge on most days of the week. Our former staff have been enormously helpful in the thorough way in which they have organised and prepared the ongoing work of the Trust to ease the handover to our incoming staff. We look forward to working with Julie and Linda over the coming years. Richard Burrow

complexity or scale to the station, it was decided that the Trust needed to focus less on project management skills so it was decided to prioritise office administration to ensure the Trust’s broad programme of activities was supported. Job descriptions were drawn up and advertisements placed in January for office administrators to work on a part-time basis. Over 60 applications were received. The Trust was delighted by the volume and quality of the response. With difficulty we managed to produce a shortlist and to proceed to interview in February. We were delighted to appoint our two new members of staff, Julie Hawthorn and Linda Wilson, who took up their

Interest Groups Reports SIDEBAR LEFT HEADLINE

Arts & Culture Director’s Report

With the start of 2020/2021 events season we entered the Covid 19 pandemic. We were able to hold one event in March 2020 just before the lock down. We held an Authors evening with 3 published authors. The event was held on 13 March with Miles Hewitt, Alan Wilkinson and Miles Hudson.

This was a very successful event with 85 in attendance at St. George’s United Reform Church.

Arts & Culture Director Frank Rescigno

Heritage Director’s Report

to the group professional expertise in many areas of heritage including ideas for promoting heritage craft skills such as leatherworking.

The Covid-19 pandemic stopped all Heritage Interest Group meetings from just before the start of the year covered by this report. The first GMDT activities to resume, greatly delayed by continued necessary restrictions, were the flagship projects at Morpeth Railway Station and Cresswell Pele Tower. Reports on these two successfully completed Community activities will be available in the overall GMDT annual report featured elsewhere, but it must be noted that the station received a prestigious Railway Heritage Trust award for the restoration work.

Despite the lack of formal meetings, planning continues for regular and potential projects. The annual heritage programme included the Morpeth Northumbrian Gathering, which was to be held online in 2021 with one day of a range of concerts, art and drama presentations, archive films and Zoom sessions for dance, music and song; and Heritage Open Days, which would depend very much on venues being able to open to the public, although online events could be a stop-gap. Looking to the future, we aim to expand GMDT’s Signage and Interpretation provision by helping to revise and reissue the CMBC town trail leaflet, and to develop the plans for boards at Buller’s Green and north Newgate Street featuring further research into the portrait of inventor John Rastrick, though funding for these strands still needs to be secured.

The normal programme of physical events in 2020 could not take place, with April’s Morpeth Northumbrian Gathering and the town’s contribution to the national Heritage Open Days in September cancelled. GMDT’s involvement in two other Community partnership projects either saw no progress (the KEVI school archive) or came to an end (the Boys’ Brigade building).

When permitted to open, the Chantry TIC saw some sales of GMDT books on local heritage by Bridget Gubbins, with the Trust’s online shop luckily able to function regardless of lockdowns.

GMDT has continued to contribute via Zoom to the local heritage umbrella group Morpeth Heritage Network, and both organisations welcomed the news that former GMDT Heritage Officer and founding convenor of the Heritage Network, Tamsin Lilley, now based in the south, was to be married this summer.

In February 2021 the Heritage Interest Group revived its meetings using the Zoom video conference facility, noting the sad loss of long-standing member Mary Creighton, fount of knowledge concerning life in Morpeth over the last 80 years. A new member, Andy Bates was welcomed, bringing

Kim Bibby-Wilson

Environment Director’s Report

Group activities were inevitably severely restricted by the pandemic, but two main activities continued during this year.

Our main focus has been on the station. In conjunction with the superb building refurbishment, we decided to ensure that the adjacent areas of land complement that project. In Winter 2020 we obtained consent and some funding from Northern Trains to “adopt” the station. This permits community groups to assist the rail authorities by implementing projects to enhance station environments. A scheme was designed by GMDT, and the first stage of work entailed saving, treating and planting existing wooden barrels on the platforms and forecourt. We have continued to weed land close to the forecourt, and have assembled a tool shed, and water barrel, in readiness for the main landscaping work in 2021/2, subject to the success of a further funding bid to Northern Trains. In Spring we were also delighted to obtain support from Morpeth Lions and Rotary Clubs who plan to develop raised planting beds, with GMDT adding a rockery. We are also very appreciative of ongoing support from Morpeth Litter Group.

In Spring 2021 we commenced a further audit of the 120 or so information signs around Morpeth. We last surveyed these 5 years ago, some are now decaying, and others have been vandalised. Morpeth Town Council has assisted with repairs to some signs, but a larger refurbishment project is now being developed, subject to obtaining funding, which might also include new signs originally envisaged as part of the Castles Woods and Water project, but not implemented. This project is continuing in 2021/2.

Our final more passive activity is a continuing “junior” partnership role with the marvellous Morpeth Litter Group. Although MLG activities were constrained by the pandemic in 2020/1, the group continued to develop initiatives, the most notable of which has been the “Adopt-a-Street scheme. This invites residents, or other interested parties, to take responsibility for litter clearance in their own streets. Around 80 participants have now adopted Morpeth streets. The MLG Annual Report 2020 can be viewed on the GMDT website.

JHE/ August 2021

Community Director’s Report

Our group of supportive volunteers has been unable to provide active support over the last year due to the Coronavirus Pandemic and associated restrictions and lockdowns.

We have started to discuss possible working with partners in Morpeth and recently put out a call for volunteers to support the Wansbeck Foodbank. A few people offered to help with delivering goods and managing stock and names were shared with the Foodbank. When working in partnership like this the partner organisation needs to register our volunteers within their system. Two new partnerships are currently developing, one with Barnabas Safe and Sound and one with Morpeth Library. More news on these in the coming year.

Looking forward to 2021/22 there are plans to restart some activities with a community cinema screening in June and the Annual Picnic in the Park event in July (both pending any national changes to Covid restrictions).

Thanks to everyone for continuing to support GMDT.

Karen Bower GMDT Deputy Chair

GMDT publications – On-line shop

Our on-line shop has continued to attract interest over the last year, in particular for the sale of the Walking in and Around

Morpeth’ guides, a pack of 12 A5 sized maps. In the first two months sales of these exceeded the previous year’s total suggesting, perhaps, a renewed interest in the local area during the pandemic daily exercise restrictions.

Our volunteer, Simon Cox, has done a great job over the last year in keeping the website ‘back office’ up to date so that we could get these and other publications sent out to customers.

CEO 2020/21

Update Report SIDEBAR LEFT HEADLINE

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Station Office
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Where to start on such a busy year!! Well, ok not really. I took over being the Chair of GMDT on 1st April 2020. The last year has been one like no other. All of the amazing events that we had spent many hours planning such as Picnic in the Park, the monthly cinema and so on have had to be cancelled. This has been terribly frustrating, but of course totally understandable given the events of the year.

However, we simply do not just put on or run events in the local area. Events are something that we are known for organising and running, but this is not the full extent of our work and achievements.

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Station Office
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Over the past few years, we have been actively fundraising and project managing the renovation of the Morpeth train station, which for many years had been allowed to fall into a poor state of repair. GMDT, largely through the work of our recently retired CEO David Lodge and previous chair Doug Philips secured £2.2m (yes million) to renovate the station to an amazing standard, winning a prestigious national award in the process.

The station now boasts a new waiting area, café (soon to open following covid), as well as some high-quality business units which can be rented by local businesses. We are extremely proud of completing this project given the circumstances of the last year.

Covid did set back the completion We have exciting events planned for date by several months, and has the future and already have advanced adversely affected potential tenants, plans in the pipeline for a Literary but we are in a good position now Weekend next year, and for the as life begins to open back up. introduction of a “Man-shed” project that we are working in partnership with Barnabas Safe and Sound.

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Station Cafe
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We will also be starting the planning for Picnic in the Park. No doubt I will get an email from Frank at 12.01 on 1st January 2022, asking me if the churches will be doing the BBQ again next year. The answer is of course yes, but if I could make a plea not to stop and chat on that day, otherwise you will be receiving a burnt offering of burgers.

Anyway, I would like to thank everyone on the team – both directors and volunteers for their wonderful help, effort, and endeavour of the past 18 months, and look forward to an exciting year to come. Roll on 2022!!

Greater Morpeth Development Trust Financial Report 12 months to March 2021

Statement of Financial activities for year ended 31[st] March 2021

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Unrestricted Restricted 2021 2020
Fund £ Fund £ Total funds Total funds
£ (restated &
Unaudited)
£
INCOME AND ENDOWMENTS FROM
Donations and legacies 5,338 42,616 47,954 1,603,907
Other trading activities 15,086 5,030 20,116 27,120
Total 20,424 47,646 68,070 1,631,027
EXPENDITURE ON
Raising funds 520 2,333 2,853 16,178
Charitable Activities 32,824 184,210 217,034 139,578
Total 33,344 186,543 219,887 155,756
NET INCOME/(EXPENDITURE) -12,920 -138,897 -151,817 1,475,271
RECONCILLIATION OF FUNDS
Total Funds brought Forward 18,715 2,255,969 2,274,684 799,413
TOTAL FUNDS CARRIED FORWARD 5,795 2,117,072 2,122,867 2,274,684
Balance Sheet as at 31 [st] March 2020
2021 2020
£ £ £ £
FIXED ASSETS
Tangible assets 1,853,632 1,833,225
CURRENT ASSETS -
Debtors 779 51,298
Cash at bank & in hand 269,631 393,911
Total - - 270,410 445,209
Creditors: amounts falling due within one year 1,175 3,750
Net current assets 269,235 441,459
Net assets - - 2,122,867 2,274,684
Funds
Unrestricted income funds 5,795 18,715
Restricted income funds 2,117,072 2,255,969
Total Funds 2,122,867 2,274,684
These financial statements have been audited under the requirements of Section 145 of the Charities Act 2011
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Financial Report

The past year has seen continued focus on the core operating costs and the emphasis on the generation of sustainable income streams through project management, events and retail activity. The end of the year saw the completion of the Railway Station and the challenge has been of letting out the business units (several offices, taxi caboose and café) given the economic conditions due to covid. This has led to delays and a deterioration of our reserves as compared to what we had forecast.

Our cost base has also reduced substantially due to the retirement of our CEO and two Administrators. We have employed two P/T administrators in order to continue to support our operations and the long term future of the trust.

The trading company remains dormant, but the intention is now to close this down as it is surplus to requirements. It is the intention of GMDT to remain sustainable going forward building on previous successes and developing new enterprise and social opportunities such as the redevelopment of the Railway Station.

And finally…the plaque is unveiled

Panel Members

Andy Savage - Executive Director of RHT and Trustee of NRHA
Theo Steel – Chairman of Trustees of NRHA and Member of RHT Advisory Panel –
Jerry Swift – Secretary of the NRHA and Member of RHT Advisory Panel
Clive Baker – Chairman of Judges of NRHA

Greater Morpeth Development Trust (GMDT) was the recipient of the National Railway Heritage Trust Conservation Award at an on-line ceremony in December 2020 but due to the ongoing pandemic and lock down restrictions it took another 4 months for the plaque to be unveiled at a small ceremony on the 29[th] April 2021.

The Board of Directors of GMDT and a small group of invited guests eagerly awaited the arrival of the 14.35 train bringing a delegation from the National Railway Heritage Awards panel. With masks in place our Chair, Mike Willis, welcomed the panel of Andy Savage, Theo Steel, Jerry Swift and Clive Baker to the Station. Mike praised the work of the partnership

team led by his predecessor Doug Phillips and recently retired CEO David Lodge which culminated in the Award. Mr Steel expressed his delight at seeing for himself the quality of the work done to preserve the history and heritage of this listed building whilst providing opportunities for small businesses to lease the newly refurbished office suites.

This prestigious national conservation award, which attracted entries from all over Britain, recognised the high quality work that was undertaken over a seven year period. The project, led by GMDT, gathered a partnership team of the National Lottery Heritage

‘Morpeth can once again be as justifiably proud of its railway station as it was when it was first opened very nearly 175 years ago’ Mike Willis

Enterprise Fund, the Railway Heritage Trust, Northumberland County Council, Network Rail and train operators Northern, to support its idea of restoring the station to its former glory.

Along with the restoration a key element of the project was the desire to encourage and support local business; the result, following the converting of the empty and disused office space in the main station building, was the creation of an enterprise hub, with unique accommodation for up to seven small local businesses.

COMPANY REGISTRATION NUMBER.. 05676236 CHARrrY REGISTRATION NUMBER: 1117036 Greater Morpeth Development Trust Limited Company Limited by Guarantee Unaudited Financial Statements 31 March 2021

Greater Morpeth Development Trust Limited Company Limited by Guarantee Financial Statements Year endod 31 March 2021 Page Trustees, annual report {incorporating the directorfs report) Independent examinerfs report to the trustees Stalement of financial activities {induding income and expenditure account) Statement of financial position Notes to the financial statements The followlng pages do not fomi part of the financlal statem•nts Detailed statement of financial activities 19 Notes to the detailed ststement of financial activities 21

Greater Morpeth Development Trust Limited Company Limited by Guarantee Trustees. Annual Report (Incorporating the Dlrectorfs Report) Year ended 31 March 2021 The Iruslees. who are also the directors for the purposes of company law. present their report and the unaudited financial stslement5 of the charity for the year ended 31 March 2021. Rgfer•nce and admlnlstratlve detalls Regl$t•rod charty narn• Greater Morpeth Development Trust Limited Charlty r•glstratlon numb•r 1117036 Company r•glstratlon numb•r 05676236 Principal offlc• •nd r•gl$ter¢d codis Park Lodge gfflc• Castle Square Morpelh Northumberland NE61 1YO Th• tru#t••* KM Bibby-wilson Retired EduCatnal Pfofessional K E B¢)wer Acting Chatr J H Edmundson Retid Planning Professional F Res¢igno R8lired Chemical Professional B Martin Relired D Phillips Retired Hfjatth Sep4ice IRes4ned 2S May 20201 Professional R J C Burrow Retired M D Willis Pastor Chtsrch (Appointed 17 December 20201 Company ••cr•tary D Lodg8 Ind•p•nd•nt •xamln•r Michael W Reed Russell House Greenwell Road Alnwick Northumberland NE66 1HB structur•, gov•man¢• and m•nag•m•nt The Charity is controlled by its goveming d9ment, a deed of Irusl. and con51ilute5 a limited company. limited by guarantee as defined by Ihe Companies Act 2006.

Greater Morpeth Development Trust Limited Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directorfs Report) {¢onllnu Year ended 31 March 2021 Structure. govornan¢• and m•nag•m•nt (¢on#n Greater Morpeth Developmenl Twst rnited will devek)p Morpelh to a premier market town in North East England, piomoting and imprown9 the town and Countryside for public benefil, economic and social well-being of people Iwing and working in Morpeth and ils surrounding afeas of Northumberland through the promolion of urban and rural re9eneratton. The chanty is required to report how il dea15 With furKlraising from the public. The charity does not use a professional lundraiser or commercial participator to raise funds. Any monies raised direcl from the public folbws all guidelines set out by the Charity Commission and UK law in every respect. w respect the privacy an¢J conl8cI PferenceS of 811 dorK)rs. Th8 board, who give their time freety and no Irusle8s reIved remuneration in the year. have considered who the Key Managemènt Personnel IKMPI of the charity are. Together with th6 board, Ihesg KMP are those in ¢harg& of directing and ntrOlling, running and opgrating the activrties of thè charity on a day to day basis. Thg pay of KMP is reviewed annualty and nornialty in¢rgas8d in accordance with avgrage eamings. The Iruslees b&nchmark 8gainsl pay levels of other chariligs and slmilar organisalions wrthin the sector and the region. Pay levels are sel using this information logelh6r with the budget and forecast inf0matn, ensuring that the chanty can affording proposed increasès. The board then agree any uplift lo fymunoTalKJn. Obl•ctlv¢$ •nd •¢tlvltl•• Greater Morpelh Development Trust IGMDTI has been in existence since 2006 and the diveTS8 range of projects carried out over the pa51 thirteen years could not have happened wilhoul the support of our partners, lundeTS and member5. GMDT have Continued their objgctive of devgloping partnership nolworks through facilitation to develop InrtSallves and through the skill base in the team adding value where over possibie to mako Morpeth a quality place to live. GMDT have developed a portfoliti ol projects lo deliver these aims and objeclives and the major capital schemes which have benefrtted Ihe town include the Ihe deVelOPMent of Morpgth Town Hall an¢Y Morpelh Railway stslK)n which generale11 developmenl income and sustainable income lo suppr)rt Ihe activities of GMDT_ This has been achieved through the support of a numbgr of funding bodies who have invested in the vision lo redevelop key public assets within Morpelh the main funders being Heritage Lottery Fund, Netwowk Rail. Northem Trains Lirniled. Northumbedand County Council, Railway Heritagè Trust and North East Rural Growth Nelwork. Achl•v•m•nts 4Trd p•rfornianc• The existing staff team is made up of 1 full time and 2 part lime membefs SUPPOrted by a range of professional associates lo deliver a portfolio of quality projects and through engaging volunleer5' support and strong partnership working we work to maintain our level of service and delivery for the benefrt of Morpglh. More dèlail aboyt the a¢tivili8s during the year and photographs and tests'moni81$ of Ihg projgcls Can be segn ¢)n our web$rte wvM.gnJth.not and also within our Annual R9POrt.

Greater Morpeth Development Trust Limited Company Limited by Guarantee Trustees, Annual Report (Incorporating the Directorfs Report) f¢ontlnu•dJ Year ended 31 March 2021 Flnanclal revlew Morpeth Raithy Station has tsken ¢Mr seven years from incepl*Jn to Comption and has been a majoi undertaking for a Charity of our size and could not have been delivered wilhoul Ihe support of a portfolio of lunders who provided the capiial lo realise the opportunty of rejuvenating a key assel for the town. Not only did the proiect reinslate a grade 11 listed building lo ils fom781 glory bul provides a gateway lo the town of which the public ¢an be proud. The funding was not only se¢uTed to safeguard the future of the Grade 11 Listed sialion lo provide an onlerprisè hub for sm811 businesses as well as creating a slate of the art tick81 office, and provide modern facilrties for today's rail users such a$ new loilets. The ¢Upat]n of units in the office suile will provide an income strèam for GMDT which shall sustsin the Charity in future year5 and enable further public benefft to be rgalisgd. Small cornpany provlsion• This report hos been prepared in accordanee with thè provisn$ applicabl8 to companies enlrtlod to the small companles exempknn. The InJslee$' annu81 report was aFproved on Injslees by.. . and signed on behaff of the board ol É 6uZ4rtr K E Bower Acting Chair Truste8

Greater Morpeth Development Trust Limited Company Llmited by Guarantee Independent Examinerfs Report to the Trustees of Greater Morpeth Development Trust Limited Year ended 31 March 2021 I report lo the trustees on my examination of ihe financial stalemenls ol Greater Morpelh Development Trust Limited I'the charity.) for the year en¢J¢d 31 Maf¢h 2021 which are sel out on pages 5 10 17. R•$pon$lbllltle$ and ba$ls of r•port As the Injslees of the company land also its directors for the purposes of company lawl you are responsible lor the preparalion of the financial statements in accordance wilh the requirements ol the Companies Ad 2006 llhe 2006 Act.). Having satisfied myseff that the accounts of the company aro not required to be audrted under Part 16 of the 2006 Act and are eligible for independent examination. I report in respect of my examinats'on of the charity s accounls as Carried out under sects'on 145 of Ihe Charities Acl 2011 1.the 2011 Acl'l. In carrying out my examination I have followed the DirectK)ns given by the Charity Commission under section 14515llbl of the 2011 Act. Ind•wnd•nt •xamln•rf stat•rn•nt I have completed my examinalw. I confinn that no matters have come lo my attenllon In connecllon with the examination giving me Cause lo belve.' accountlng rerS were not kept in respect of thè charity as required by section 386 of the 2006 Act; or tho financial statements do nol accord with those records.. or the finanal slalem8nts do not cNnply with the ac¢ountin9 requir8menls of section 396 of the 2006 Act other than any requirement that the accounts give a 'lTUè 8fKI fairf vi8w which is not a matter considered as part of an independ8nt examination., or the financial siatements have nol been prepared in accor(lance with the methods and principles of the Statement of Recommended Practice for accounting 8nd reporting by charities applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard apicab in the UK and RepublK of lieland {FRS 1021. I hav8 no concams and have come across no other matters In connectK)n with Ihe examination to which attention shoukl be drawn in this rep1 in ort1er to 8n8bSe a proper understanding of tha 8c¢ounts lo be reached. Michael W Ree¢J Independent Examiner RLtssell House Greenw911 Road Alnwick Northumberland NE66 1HB

Greater Morpeth Development Trust Limited Company Limited by Guarantee Slatemont of Financlal Actlvities (including income and expenditure account) Year ended 31 March 2021 2021 Restricted lunds Tot*1 fvnds Total funds 2020 Unrestricted funds Not• In¢om• and endowm•nts Donation5 and legacies Other trading activities Total in¢ome 5.338 15.086 42.616 5.030 47,954 20,116 1,603,907 27,120 20.424 47.646 68,070 1.631,027 Exptndlture Expendrturfj on raising funds.. Costs of raising donations and legacies Expenditure on charilabk activibes Total •xp•ndllur• 520 32,824 2,333 184.210 2,853 217.034 16.178 139,578 33.344 186,543 219,887 155.756 N•t l•xp•ndtturnlllncom• and n•t m¢v•m•nt In lund8 112.9201 (138,897) {151,8171 1,475,271 ROn¢111•11on of fund• Total lunds brought forward Total funds carrl•d forward 18.715 2.255.969 2,274,684 799,413 5.795 2.117,072 2,122,867 2,274.684 The statement of flnancial activititis includes all gain5 and tr)ssos rocognised In the year. All Income and expendrture delive from witinuing activities. Th• notes on pag•$ 8 to 17 lorni part olth•se financial 5taternents.

Greater Morpeth Development Trust Limited Company Limited by Guarantee Statement of Financial Position 31 March 2021 2021 2020 Not• Flxed assets Tangible fixed assets 16 1.853,632 1,833,225 Curr•nt as$•ts Debtors Cash at bank and in hand 17 779 269.631 51.298 393.911 270.410 445,209 Cr•dltors: amounts falllng due wlthln ono ye•r N•t curr•nt •s$•ts 18 1.175 3,750 269.235 441,459 Total ••••tJ l••• curT•nt Il•bllltl•* 2.122,867 2.274,684 N•t a$$•ts 2,122,867 2.274.684 Funds of the ¢h•rfty Reslricled funds Unreslricled funds 2.117.072 5,795 2,255,969 18.715 rotal ¢harlty funds 20 2,122.867 2,274,684 For the year ending 31 March 2021 the charity was enlitknl lo exemplN)n from audit under seclton 477 of the Companiès Act 26 relating to small companies. DireGtorn' responsibililies: The members have not rfjquired the company lo oblain an audit of its financial stat?menls for the year in question in ¢dance wilh soction 476: The directots acknowledge their responsibilities lor complying wth Ihe requirgments of tho Act with respect to accounting records and the preparation of financial Stalemgnts. Thesg financial slalemenls have been wepargd in accordance with the provisMs applicable lo companies subject lo the small companies, regime. The statement of financial position continues on the following page. The not•$ on pag•5 8 to 17 forni part of th•s• financial statements.

Greater Morpeth Development Trust Limited Company Limited by Guarantee Statement of Financial Position (¢oft#ftu• 31 March 2021 Thes financial ststemenls We approved by the board of trustees and authorised for issue on 4/4/z./..., and a sKJned on behalf of the board by.. K E 8ow8r kling Chair Trustee Th• not•s on Pay 8 to 17 form part of thes• financlal 5tatemonts.

Greater Morpeth Development Trust Limited Company Llmited by Guarantee Notes to the Financial Statements Year ended 31 March 2021 General Infonnatlon The ch8rity is a public benefft enltty and a wivate company limiled by guarante6. registered in England and Wales and a Tegislered charity in England and Wales. The address of the registered office is Carlisle Park Lodge. Ca$Ue Square. Morpelh. Northumbèrfand, NE61 1YD. Statement ot cornplianc• These financial slalemenls have bèèn prepared in compliance with FRS 102, The Financial Roporting Standard applicable in Ihe UK and the Republic of Ireland,, the St8lemenl of Recommended Practice applicable to charitiès preparing their a¢counls in accordance with Ihg Financial Reporting Standafd appli¢able in the UK and R8public of Ireland {FRS 1021 Icharilios SORP IFRS 10211 and the Companies Act 2006. A¢c¢wntlng pollcl•¥ Basls ol pr•paratlon The financial slalemenls have been prepared on th8 historical cost basis. The financlal slatemenls are prepared in sleding, which is the functional currency of the enlty. Golng conc•m There are no material uncertaint5 about the charitys ability to continue. Dl8closur• •xomptSon# The entity satisfies the ¢rileria of being a qualifying enlty as defined in FRS 102. As such. advantage has been taken of the following discknsure exemptions available under paragraph 1.12 of FRS 102.. lal No cash flow statement has been presenled for the company. Judg•mènts and k•y of e•tlmatlon un¢•rt*lnty The preparation of the financial statements requires management lo make ludoemenls, eslimales and assumption5 that affect the amount$ rgportod. These estimates and judgements are continually Tevièwed and are based on experience and other f8clors, including expectations of future events that are believed to bo reasonable ijnder the clrcumstancès. Fund •¢¢ounllng Unrestricted funds are availablè for use at the di5crelton of the trustees lo further any of th6 charitys Purposes. Restricted funds are subJ'e¢tgd lo restrtiOnS on their expenditure declared by th9 donor or through the lemis of an appeal, aNJ f811 into one of two sub•classes.' restricted income funds or fjndowmenl lunds.

Greater Morpeth Development Trust Limited Company Limited by Guarantee Notes to the Financial Stalements iconthiu•d) Year ended 31 March 2021 Accountlng pollcl•s (conthu•d) In¢omlng r•$our¢ All Income is induded in the slalement of financial acts"vities when entitlement has passed to the chaiily. rt is probable that the economic benefits associated w7th the transaction will flow to tho charity and the amounl be rdiably m&asured. The following specrfic Pol$ are applied lo particular categories of income". - income from donations or grants is r8COgnised when Ihore is eVKlence of entitlement to thè gift. rec8lpl is probable and its amount ¢an b8 measured reliably. income from donated goods is measured at the fair value ol the goods unless this is impractical lo measure reliably, in which case the value is derivgd from the cost lo the donor or the eslimaled resale value. Donated facilibes and seThices a recognised in thè accounts when received il the valve can bg rdiabty measured. No amounts are included for the contribution of 9ener81 volunteers. income from ntracts for Ihe supply of services is recognised delivery of the ontracted service. This is classrfd as unre51ricted funds unless thore is a contractual roquir8mgnl for il lo be spent on 8 particular purpose and relurned rf unspent, In whlch cas8 It may be regarfjed as restricted. Re8ourc•s •xp•nd•d Expenditure is fecognlsed on an accruals bas18 as a liability is incurred. Expendilure Includes any VAT which cannot be fully recovered, and is ¢lassifietl undef heatjings ol the $181em8nl of flnancial activities lo which il relates: expendrture on raising lunds ineludes the costs of all lundraising activities, events, non-charitable tradiro activilwJ. and the Sa of donaled good$. expendilur• on charitable activrts includes all costs incurred by a charity in undertaking a¢livilies Ihal further its charItsb aims for the benefit ol ts beneficiaries, including those support costs and co$1$ relaling lo the governan of Ihe charity apportioned lo charitable aclivititis. oth8r 8xp8nditure includes all expendrture that ts neithér r8lat8d to raising funds for th8 charity nor part of Its expenditure on charitable actiVitS. All costs are allo¢alod lo expenditure categories refieciing the use of the resource. Direct costs attributable lo a single activity are albcat8d direclty to Ihal activrty. Shared costs are apportioned beeen the a¢tivil*s Ihgy contn'bule to on a reasonable, iustsfiable and consi$tgnt ba$is.

Greater Morpeth Development Trust Limited Company Limited by Guarantee Notes to the Flnancial Statements {¢onithu•dJ Year ended 31 March 2021 Ac¢ountlng poll¢los f¢onUftu•dJ Tangible assets TangibLg assgls are inillalty recorded al cost. and subsequentty stated at cost less any accumulated deprecialion and irnpairment losses. Any tangib assets carried al revalued amounts ar8 recorded al the fair value at the dale of revaluation less any subsequent 8c¢umulaled depreciation ar subsequent accumulated impaimenl losses. An incrèase in the carrying amount of an assel as a resuh of a rèvaluation, is recwnised in other recognised gains and losses. unless it reverses a charge for impairment that has pr8viou$ly been recognised as èxpenditure within th6 statement of financial acliviti8s. A decr8as8 in Ihg cafrying amount of an asset as a resutt ol fevaluation, is reniSed in other recognised gains and losses, except lo which il offsets any previous revaluatn gain, in ¥thich case the loss Is shown within other recognised gains andlossgs on Ihe statemenl of fin8ncial activili8s. D•pr•clatlon Depreciation is cakulaled 80 88 to lt& off the cost or valuation of an assel. less 118 resldual value. over the uselul economic lrfe of that asset as folk)ws'. Long asehold Rai8Y Developmgnl Short198sohold propety Fixtures an*Y fittings 4% straah1 line 4% slraNJhl line 15% reducing tsan¢e Imp•lrm•nt of flx•d •$$ets At each bal8nce sheet dale. the company rewews the carying amount of ils tangible fixed assets lo delernine whether there 1$ any indication that any ilems havo sLbff¢r&d an impaimienl loss. If any such indication exits, Ihe fecoverabie amount of an asso1 is ostimaled in order lo delermint the extent of the imp8irment kiss, rf any. Flnan¢lal Instrnm¢nts A financial asset or a finanaal liability is recognisod onty when the entity becomes a paty b the conlr8clual provisions of the instrument. Basic financial instruments are inilralty rect)3nised al the amount receivab or parable including any related trans0dn costs, unless the arrangement conslilules a financir¢g Iransaction, whore it is recognised al the present value of the future payments discounted at a market rale of intgresl for a similar debt instrument. CurTenl assets and Current Ipbilities are subsequently measured al the cash or other consideration expectgd to be paKI or received and not di$ccMJnled 10

Greater Morpeth Development Trust Limited Company Limited by Guarantee Notes to the Financial Statements Year ended 31 March 2021 Ac¢ountlng pollcl•s (con Defined contrlbutlon plans Contribulions lo defined conlribLFtK)n plans are recognised a$ an exppnse in the period in which the relaled setvice is provided. Prepaid contributions are recognised as an asset to Ihe extent that the prepayment will lead lo a reduction in ftslure paymenis or a cash refund. When contributions are nol expecte¢J lo be settw wholty within 12 months of the end ol the Teporting dale in %thich the employees fender the lated service, the liability is measured on a discounted pr&s8nt valltre basis. The unwinding of the discount is recognised 0$ an expansg in the period in which rt arises. Llmlt•d by guarant•• Great8r Morpeth Development Trust Limited is a limited company Ilmitod by guarante9 and accordingly does not have 8 share capital. Every member of the company undertakes to ¢¢)nlribute such an amount as may be required not exceeding £1 to the assets of the charitable company in the event ol il being wound up while h or she is a member. or within one year after he or she ceases lo be a member. Donatloni and hg*cl UnTeslricled Funds Restricted Total Funds Funds 2021 Donation• Raihyay Slation Projecl Cresswell Pele Tower 42,616 42,616 S,338 5.338 5,338 42.616 47,954 unrestn.cted Fund$ Reslricled Totsl Funds Funds 2020 Donatlon• RaIvay Slalion Project c$$well Pele T¢)wer 1,596.707 1,596,707 7,200 7.200 1.596.707 1.603.907 11

Greater Morpeth Development Trust Limited Company Limited by Guarantee Notes to thè Flnancial Statements icon Year ended 31 March 2021 other tradlng a¢tlvltle¥ Unrestricted Funds Reslricled Total Funds Funds 2021 FONDT Walking Maps Arts & Cultu IAorpelh Town Council Other income Deed5 not words Boys Brigado 2.425 2.425 640 4,400 10,051 640 4.400 10.046 2.600 2,600 15,086 5.030 20.116 Unrostricled Funds Restn"ct6d Total Funds Funds 2020 FONDT Walking Maps Arts & Culture Morpelh T¢)wn Council Other income Oeeds not words Boys Bri9ade 570 570 1,185 13,629 4,400 1,184 2,457 11,172 4,41XI 2.333 5.000 2,333 5,000 16,146 10,974 27,120 Costs of r•lslng donatlon• •nd 9•¢1 Unrestn"ct8d Funds Restriclad Total Fund$ Funds 2021 Costs of ralslng dOrli0n$ *aci85 520 2,333 2,853 Unreslricled Funds Restrict Total Funds Funds 2020 Costs of rai$ir4J donations and legatses 15,618 16,178 12

Greater Morpeth Development Trust Limited Company Limited by Guarantee Notes to the Flnancial Statements Year ended 31 March 2021 Exwndlture on ¢harStabl• actlvltlos by fund typè Unreslricled Funds Restricted Total Fund$ Funds 2021 Support costs 32,824 184.210 217.034 Unrestricted Funds Restricted Total Funds Funds 2020 Support St$ 26,943 112,635 139,578 Exp•ndltur• on ¢h•rltabl• 4ctlvltl•* by •ctlvlty typ• Totsl funds 2021 To181 fund 2020 Support costs A¢lNty Govemance costs 215,860 1,174 215,860 1.174 136.828 2,750 217,034 217.034 139,578 10. An4ly•l• of •upport costs Analysis of support costs activity 1 Total 2021 Total 2020 Govemance costs Support costs- Other costs 1,175 214,786 1,175 214,786 3,750 135,828 215,961 215.961 139,578 11. N•t {•xp•ndltur•illncom• Nel lexpenditureyinwne is stated after thaTgintylcreditingl'. 2021 2020 0oprKiation of tangible fixed assets 79,816 48,9S1 12. Audltors r•mun•ratlon 2021 2020 Fees payable for the audit of the financial statements 2,750 13

Greater Morpeth Development Trust Limited Company Limited by Guarantee Notes to the Financlal Statements Year ended 31 March 2021 13. Independent •xamlnatlon f••s 2021 2020 Fees payable lo the independent examiner fw. Independent eXaMinatn of Ihe financial statements 1.175 14. Staff costs The iotal staff costs and employee benefits foi the reporting poriod are 8nalysed a5 follows.. 2021 2020 Wages and salaries Employer contributions to pension plans 56,537 20,176 31,197 19,610 76,713 50,807 Thg average head count ol ernoYeeS durirvj the yaor was 312020.. 31. The average number of fvll-time eqvN8lenl employees during the year 1$ analysed as follows.. 2021 2020 No. Number ol staff - type 1 Number ol staff - type 2 No employee r01¥&d ompk)yee benefits of rnjre than £60.0 during the yeor12020.' Nill. 15. Tru*te• r•mun•ratlon and •xwns There were no Iruslèe$' remuneration or olher benefits for the year ended 31 March 2021 or 2020. There were no Iruslees, expens paid for the year endgd 31 March 2021 or 2020. 14

Greater Morpeth Development Trust Limited Company Limited by Guarantee Notes to the Flnancial Statements {eonllnu•dJ Year ended 31 March 2021 16. Tanglbl• flxed a$s•ts leasehold property41ail way stalion Short leasehokl Fixtures and fittings Total Cost At 1 April 2020 Additions 1,888.123 97.776 7.5 8,895 2.447 1,904.923 100.223 At 31 March 2021 1,985,899 7.9)5 11.342 2,005,146 Depr•c5ation At 1 April 2020 Charge for the y88r At 31 March 2021 56,659 79.436 7.905 7.134 71,698 79,816 136.095 7.905 7,514 151.514 Carrylng amount Al 31 March 2021 1.849,804 3.828 1.853,632 Al 31 March 2020 1.831.464 1,761 1.833,225 17. D•btorn 2021 2020 Prepayments and accruèd Ir•m8 Othef debtors 363 416 20,441 30,857 779 51,298 18. Gr•dltors: amounts talllng du• wlthln on• y•ar 2021 2020 Accruals and deferred Income 1,175 3.750 19. P•nslons and other post rntlr•m•nt b•neffts D¢flned Contrfbutlon plans The amount recognised in income or expenditure as an expense in relation to definèd ntribution plans was É20,17612020: £19.6101. 15

Greater Morpeth Development Trust Limited Company Limited by Guarantee Notes to the Flnancial Statements (¢ondTru• Year ended 31 March 2021 20. Analysls of ¢harltabkn funds Unr•strict•d funds At 31 March 202 At 1 April 2020 Income Expendrturé GeneT81 funds 18.715 20,424 133.3441 5,795 Al 31 March 202 1 April 2019 Incx>m8 Expenditure Gener81 funds 22,872 23,346 127,503) 18,715 Rvlrl¢t•d fund$ At 11 m4h 202 At 1 April 2020 Inrn Exp8ndilure R8strieted Fund 2.255,969 47.646 1186,5431 2,117,072 At 31 March 202 Al 1 April 2019 Income Expendrture Restricted Fund 776.541 1.607.681 1128,2531 2.255,969 21. Analy•l• ol not •s••ts b•twe•n lunds Unrestrict8d Funds Restrithd Total Fund$ Fund8 2021 Tangible fixed assets Currgnl assets Creditors less than 1 year N•t ass•ts 261 6.708 (1,1751 5,794 1,853,371 263.702 1,853,632 270,410 11.1751 2.122,867 2,117,073 Unreslricled Funds Reslricled Total Funds Funds 2020 Tangible fixed assets Current assets Creditors less than 1 year N•t a$sots 307 22,158 (3.750} 18.715 1.832,918 423.051 1,833,225 445.209 {3,7501 2,274.684 2.255.969

Greater Morpeth Development Trust Limited Company Limited by Guarantee Notes lo the Financial Statements (¢onthu•d) Year ended 31 March 2021 22. Capltal commltments Capital commitments conlracled for but not provided in the financial stalemonls are £56,20012020'. £181,909) 17

Greater Morpeth Development Trust Limited Company Limlted by Guarantee Management Information Yoar ended 31 March 2021 Th• followlng pag•s do not forn) p•rt of th• ftn•n¢l•l stst•m•nts. 18

Greater Morpeth Development Trust Limited Company Limited by Guarantee Detailed Statement of Financial Activities Year ended 31 March 2021 2021 2020 Income and ¥ndowments Donatl¢ns and l•ga¢l Railway Slalion Project Cres5well Pele Tower 42,616 5,338 1,596.707 7,200 47,9S4 1.603,907 Other trndlng *ctlvltles FONDT Walking Maps Arts & Culturg Morpelh Town Council Olher income Deeds not words Boys Brigade 570 1,185 13,629 4,400 2,425 640 4.400 10.051 2,333 5,000 2,6t)O 20.116 27.120 Totsl InGorn• 68.070 1,631.027 19

Greater Morpeth Development Trust Limited Company Limited by Guarantee Detailed Statement of Financial Activities {tonthuqdJ Year ended 31 March 2021 2021 2020 Exyndltur• Co$1$ of ralslng donatlons and legacl•s Arts and Cuhur8 Boys Brigade Walking M8PS 520 11,178 5,000 2.333 2.853 16,178 Exp•ndltur• on ch*rlt•ble •ctfvhl•# Wages and 5alarie$ Pension costs Establishment costs and Room hire Accounlancy Bank charges Outsourced labour Professional fées Other cosis Marketing Other molor and travel costs Legal and professional fees Telephone Postage. 51ationery and photocopièr Depreciation Membgrship and subscriptions Repairs and mainlonance It ¢osts Annual general meetiry 56,537 20.176 10.218 1,825 124 10,387 13,712 3,807 10,113 31,197 19,610 9,200 1,151 158 16.095 475 1,119 2,750 1.557 2.323 48.951 125 463 3,115 1,289 1,174 1.288 2,372 79,816 250 3.461 1,656 120 217,034 139.578 Total •xp•ndltur• 219,887 155,756 N•t l•xp•ndltur•lllncom• {151,8171 1.475,271 20

Greater Morpeth Development Trust Limited Company Limited by Guarantee Notes to the Detalled Statement of Financial Activities Year ended 31 March 2021 2021 2020 Costs of raislng donations and legacies Arts & Culture Boys Brigade Walking Maps 520 11,178 5,000 2.333 2.853 16,178 C05t¥ ol r•l¥lng don#tlons and l•gacl•s 2,853 16,178 Exp•nditur• on ¢harStabl• 8ctlvbtl•• A¢tlvlty Support ¢o$ts Wages and salaries Pension Establishment C0515 and Room Hire Accountancy Bank charges Oulsourced18bour Professional fees Othèr costs Marketing Other molor and travel costs T8lephon8 Postsge, Slatsonery and PhOtcp1eT Depreciation Membership and svbscrlplions Repairs and malnlenance IT costs Annual ggneral mgeling 56,537 20,176 10,216 1,825 124 10.387 13,712 3,807 10.113 31,197 19,610 9,200 1,151 158 16,095 475 1,119 1,557 2,323 48.951 125 463 3,115 1,289 1.288 2.372 79.816 2SO 3,461 1.656 120 215,860 136,828 Gov•manc• costs Governance cosls- accountarKy fees Governance costs- audit fees 1.174 2,750 1.174 2,750 Expenditur• on ¢ha¢ltable adlvl¢l¢• 217,034 139,578 21

COMPANY REGISTRATION NUMBER.. 05676236 CHARrrY REGISTRATION NUMBER: 1117036 Greater Morpeth Development Trust Limited Company Limited by Guarantee Unaudited Financial Statements 31 March 2021