2023-03-31-accounts - Greater Morpeth Development Trust

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Greater Morpeth Development Trust RrycaofJlion i)1 (oiinlry51di- 4p GMDT Ann eport April 2022- March 2023

A successful development trust

Greater Morpeth Development Trust (GMDT)

GMDT vision

Greater Morpeth Development Trust (GMDT) will continue to develop Morpeth as a premier market town in the North East England. It works to promote and improve the town and countryside for public benefit, and for the economic and social wellbeing of people living and working in Morpeth and surrounding areas of Northumberland through the promotion of urban and rural regeneration

About GMDT

GMDT is a community led organisation established in 2006 out of the Local Strategic Partnership to facilitate the development and delivery of community based projects through partnership working. The diverse range of projects carried out over the past seventeen years could not have happened without the invaluable support of our partners, funders, members and volunteers. Major capital schemes which have benefitted the town include the redevelopment of Morpeth Town Hall and Morpeth Railway Station. Sitting alongside these has been our programme of community events such as the regular cinema screenings, annual picnic, book festival, and the national Heritage Open Days. 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 shows some snapshots of GMDT activity including Ann Cleeves speaking at Morpeth Book Festival, landscaping at Morpeth station, the popular café within the station, crowds at Picnic in the Park and the Queen’s Diamond Jubilee display.

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

GMDT structure and team

GMDT structure

Board Staff team Community Arts & Culture Interest Group Environment Interest Group Heritage Interest Group

(March 2023)

The interest groups are made up of volunteers who help to develop and deliver community based projects and support other groups operating within the area. There are a number of projects that the interest groups will work on together such as signage and interpretation.

GMDT Staff

GMDT Board

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Mike Willis
Linda Wilson Chair and Hayley Brown
Office Administrator Community Director Community Director
Kim Bibby-Wilson Dai Richards
Julie Whiteman Heritage Interest Group Environment Interest
Office Administrator Director Group Director
Frank Rescigno
Arts and Culture Interest Richard Burrow
Group Director Community Director
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Revision of Memorandum and Articles of Association

In last year’s Annual Report I reported that the Board had commenced the process of revising the Memorandum and Articles of Association, the two documents by which the Trust is governed, as a charitable company. These documents define the governance structure of the Trust, but they also define its charitable objectives. While considering these, the Board decided that our charitable objectives had possibly evolved since these original documents were registered in 2006. It also became clear that, following completion of the major project to restore and renovate Morpeth station building, the Trust needed to refocus its energies and resources for the years ahead.

The Board therefore decided to pause the process of seeking approval for the revised Memorandum and Articles of Association, which was intended to culminate with consideration at the next Annual General Meeting. The Board has embarked on a process of re-evaluating our charitable objectives and establishing our priorities for the coming years. The current list of charitable objectives, contained in the Memorandum of Association, sets out no less than 12 objectives. This is an exhaustive list that is enabling rather than being prescriptive. In other words it allows the Trust to support a wide range of possible objectives but does not require the Trust to focus on any particular one. The Board considers that our charitable objectives are possibly phrased too broadly and are too lengthy to provide a clear sense of our actual priorities now and likely activities in the future. By reviewing them it is hoped to achieve a clearer focus that can help the Trust to grow, by drawing in more volunteers and partners, and to make us more attractive to funders who see and organisation with a clear focus for the future.

The Board is confident that this process, which will be completed during the year 2023/24, will enable the Trust to move forward with even more enthusiasm and a renewed sense of purpose to help sustain and improve the lovely town of Morpeth and its surroundings.

Richard Burrow, Community Director

Interest Groups Reports

Arts & Culture Director’s Report

For the first time since the Covid lock down we were able to have a full year of activities. We had the first Morpeth Book Festival, Picnic in the Park, the NTC production of Wind in The Willows and then the Annual Morpeth Movie Weekend. The Monthly Cinema ran for a full season.

Morpeth Book Festival

The first Morpeth Book Festival was held on the 9/10 April 2022. We had 17 authors plus poets covering various genres. The event was opened with Anne Cleeves, followed by other nationally known and locally known authors with our patron Mari Hannah. It was a tremendous success with the authors and public giving the event top marks.

Picnic in the Park

On Sunday 17[th] July 2022 the annual Picnic in the Park was held in Carlisle Park from 12 noon to 4pm. The special theme was the 70th Jubilee of Queen Elizabeth and was officially opened by Vice Lord-Lieutenant of Northumberland Caroline Pryer and Glen Sanderson, Leader of the NCC, including a tree planting to honour the Queen’s reign. As usual it was well attended, we estimate around 3,000 visitors, with a full range of activities and entertainment, plus the very popular free BBQ.

Northumberland Theatre Company

NTC returned to Morpeth on 8th December 2022 to perform Wind In The Willows. Thanks to Zionic Holdings and David Auld & Co. we were able to keep the ticket price to £5 to encourage families to attend. Over 60 people attended with all thoroughly enjoying the performance.

Community Cinema

The Community Cinema had another successful year with 9 monthly screenings in St James Hall, incorporating a double bill in December. Socially distanced screenings, which had been in operation since the cinema resumed in June 2021, were discontinued from May 2022. Average attendance was 73, with most screenings exceeding 80. The most popular films were The Duke and Downton Abbey: A New Era, followed by Operation Mincemeat and The Lost King. The new AV equipment and 4m screen in St James Hall were still appreciated by our audiences, as was the provision of refreshments, although the same cannot be said for the chairs which are not upholstered. We provided seat pads and many customers brought their own cushions, and although this factor has not deterred audiences overall, we are aware of some customers who do not return because of the uncomfortable seats.

Movie Weekend

In February, the Movie Weekend returned to the Town Hall for the first time since 2020, with 9 films screened over two days in two screens – the Corn Exchange and the Ballroom, the latter being popular with audiences. We got some excellent feedback, but audiences were well down on 2020, with only one film (Elvis), a sell out. It seems the many opportunities for streaming at home are affecting interest once a film has been released for a few months. This does mean we will have to review whether we go ahead with a similar event in 2023.

Frank Rescigno Arts & Culture Director

Heritage Interest Group Report April 2022 - March 2023

Meetings of the Heritage Interest Group resumed in person with the lifting of Covid restrictions, in the GMDT office in June at Carlisle Park Lodge and after the move in November at the Railway Station – two of the quarterly meetings were dropped because of lack of project progress or pressures of other commitments. The usual quarterly Morpeth Heritage Network sessions went ahead with the Trust participating alongside other heritage groups from the area. GMDT’s heritage publications found an extra outlet via Postscript, the national publications website, which took delivery of surplus stock, though copies are still available locally at the Chantry and from GMDT.

The Board’s decision to move from interest group meetings to a cross-topic projectbased system of working within the Trust, once ratified by the Charity Commission and GMDT AGM, will not see a reduction in heritage activity which is enshrined in the Trust’s aims and objectives, especially as there are several important projects whose development should now continue following the interruption and aftermath of the pandemic. One such area of concern is Signage and Interpretation : The Environment and Heritage Interest Directors have combined forces to prioritise the repair and maintenance of existing interpretation boards, with Dai Richards taking the lead, the aim still being to engage with other agencies and the councils to seek funding, with new signage to follow as a second phase.

GMDT provided office support for a hybrid Morpeth Northumbrian Gathering in April, the annual festival of local music and traditions. This featured 17 online concerts, workshops, drama and art presentations, with a handful of live events (dance, storytelling and music, in the town’s open spaces, at the castle and Bagpipe Museum) to test the water after Covid. The pre-recorded concerts included a tribute celebration for the 90[th] birthday of Morpeth Gadgy, the indefatigable Alex Swailes MBE. The positive response to the whole experience from performers and audiences encouraged a return to planning as near normal a programme as possible for 2023.

For the July Picnic in the Park a special history display was created in conjunction with Morpeth Antiquarian Society to mark the Queen’s Platinum Jubilee, with images and cuttings about visits to Morpeth by Elizabeth II and other members of the Royal Family and various royal events in the town from Victoria’s time onwards. This was used again in September in the Chantry window, but for the much more solemn occasion of the Queen’s death.

Later in September, the Queen’s death and the period of national mourning affected the number of events for Heritage Open Days, with two openings cancelled by their organisers. Some venues following Covid were reluctant to take part, and no doubt attendances still suffered its impact, with a total of 461 visitors across 27 venues/events compared with 1021 in 2019. There were 4 new venues, including the Masonic Lodge, a fascinating workshop at the Chantry on the embroidery of Lord Collingwood’s waistcoat, and the top scorers for visitors were old favourites the Clock Tower and Collingwood House. Linking with the national HODs 2022 theme celebrating inventors, a video on Morpeth’s John Rastrick of threshing machine fame created for the Gathering remained online for HODs; a sequel on his son John Urpeth Rastrick of Buller’s Green, the railway engineer, was delayed in production for September but has at the time of writing has been completed. A huge vote of thanks goes to Barbara Martin who has finally stepped down as HODs co-ordinator after a number of years of gallant work.

In November there was a heritage theme at the Trust’s “thank you” event for its volunteers held at the new office in the station. Appropriately the heritage re-enactor John Sadler’s Time Bandits appeared as the building’s architect Benjamin Green and his wife.

I must express my extreme gratitude to the group members, volunteers and venue organisers and especially Julie for keeping the Heritage Interest Group’s activities on track, and to her and Linda for all their help in a myriad of ways over the year.

Kim Bibby-Wilson Director and Chair

Environment Director’s Report

In October our erstwhile Environment Director Hugh Edmundson stepped down, passing the baton to Dai Richards. We have endeavoured to continue Hugh’s excellent work Morpeth Litter Group/ (MLG) / GMDT partnership has continued to work well with a number of litter blitzes in the town. Our Railway Station Landscaping project thrives and the Castle Woods and Water Signage review and potential trial 2023 has continued. 5 litter picks (79 people) were held in 2022/23 and 135 bags of litter have been collected (Town centre and Stobhill) and A1 Laybys (Morpeth to Felton)). MLG’s Adopt a Street has grown with more people keeping their streets clear of detritus –

MLG’s Dai Richards has led on general clearing of bushes and planting of spring bulbs to the rear of the Railway station – in Spring 2023 we have had a beautiful display of Daffodils, Tete a Tete, Snowdrops and Crocus. It is planned to have a further bulb planting session on October 2023 in this area and entrance to Deuchar Park + bulbs planted.

Summer 2022, Hugh completed a full survey of the town’s Castle Woods and Water signage that were delivered in 2008, report produced highlighting the urgency of a team needed to look at maintenance of existing signs and need for new signs in places. Dai’s new Phase 1 Signage project, looking at using SMART technology/QR code will take place in 2023 with 2 new signs and 2 replaced. The purpose of the trial is to confirm viability of new technology to meet the needs of a wider cross section of the public. We will aim to have a team from Newcastle University / KEVI students working with GMDT other local interest groups in the production of the new signs.

there are now over 80 people now involved – one person has recently collected his 500th bag! GMDT has supported MLG’s new BIN IT TO WIN IT competition where all Morpeth schools created new posters for the street bins – over 530 entries received – so successful we have been asked to do this again in 5 years’ time.

Hugh Edmundson’s partnership with Morpeth Lions / Rotary and MLG, in improving the front of the Railway station has been successful with a new border and rockery – starting to looking very beautiful. Members of the public have appreciated the work done. The maintenance of beds and platform tubs continues in 2023 but also hope to commence a phase 3 landscape project in partnership with Northern Rail to clean up the old Portacabin / Ticket office area at the front of the station.

Tree planting will be a key project for us in 2023 – with plans to work with Northumberland County Hall and Plessey woods Country Park. This is expected to take place in November 2023.

Dai Richards

Environment Interest Group Director

The Games Club

As of end March 2023, 4 regular members came along to play a range of games including Scrabble and Rummikub, and there is also cards, chess, snakes and ladders etc etc on offer. Sometimes members of the group bring in their own games to share.

GMDT worked in partnership with Morpeth Library and during 2021-22 obtained funding to purchase some soft furnishings and table-top games equipment. The library then relocated from its temporary base in Manchester Street to its new facilities at Gas House Lane, and the project continues to thrive!

If you would like to come along and join in – just turn up. It’s a friendly sociable group, with refreshments available and sometimes cake provided to help focus the mind!

A GMDT volunteer runs sessions every Thursday from 11.00am-12.30pm.

Chair 2022/23 Report

Change is here to stay. If an organisation does not move forward, then it will simply cease to exist. I am amazed at how many household name stores have closed in the last few years, with Wilko’s looming large in my mind.

For us it is the same, if we do not change, we simply will not be around. We have now completed the renovation of the Railway Station and have successfully let all but one of the office units. We ourselves relocated from our much larger offices at the Lodge, to unit 1 at the train station. Partly to reduce our cost base, which we have had a a major emphasis on this, as many of our previous funding streams have dried up, and we face increased competition for reduced pots of money.

We are grateful to receive a grant from Morpeth Town Council. We are managing the train station and the office units; we have tried to generate some funds so that we can begin the

Morpeth Railway Station:

Following what can only be described as a slow start, due in part to the Pandemic and home working, we can report that take up of the newly refurbished railway station has moved to almost full occupancy. We now have just one of the seven office units available for letting. With Green’s café and Just Taxis now also located at the station there is much more activity and a buzz around the building.

GMDT took the opportunity in November 2022 to occupy one of the vacant units so moved out of Carlisle Park Lodge – all done with a great deal of help from our volunteers. It works well and allows us to be on hand if needed, but also have the benefit of a newly refurbished office, the result of many years of hard work navigating the ups and downs of the refurbishment this Grade II listed building.

Current office tenants: Hotels International, Lisa Blaney, Metalis Energy, Charburn Consulting and Strutt & Parker.

process of becoming self-sustainable in the future. The café seems now to be thriving, and there seems to be a vibrant business community working in the building. Obviously, this will take some time to get to this point.

We have also changed the way we cost our projects, as previously we used a marginal cost approach, rather than now a full cost approach, in implementing and delivering such amazing projects as Picnic in the Park, and the community cinema. Compounded this year, by the fact that the Book festival was cancelled at short notice due to train strikes, and the key author pulling out at the last minute due to health issues.

If I am painting a bleak picture, it is because the last few years have been difficult for us to navigate financially, and organisationally as we seek to evolve into what will take us forward for the next 5-10 years. We are particularly proud of the projects that we deliver

to make Morpeth a better place to live and work and continue to strive to bring new projects to fruition. One being the work we have done so far on investigating the feasibility for a new Arts and Cultural Centre in Morpeth. This we continue to work towards and hope to have some more news in the coming weeks and months.

I would like to thank all the directors for their amazing hard work over the last year, as well as all our wonderful volunteers who turn out week in, week out to help us deliver projects that make our town a better place to live. Finally, I have one request to finish my report. We need some more directors to help run the trust. If you have a heart for what we do, and have some spare time, and would like to give something towards our town, then please get in touch with us at info@gmdt.org.

Mike Willis Chair GMDT

Public engagement event – Morpeth Market on 12[th] October 2022

GMDT hosted a stall in Morpeth Market on Wednesday 12[th] October 2022. The purpose was to raise awareness of the organisation and chat with the general public and gather opinion about current and potential GMDT projects. There was a welcoming, fun vibe to the stall – with Asda kindly donating a large cellophane hamper to attract visitors over and engage in casual conservation. Useful comments and ideas were captured to inform future organisational planning.

Just one remaining!

We have just one remaining office unit available to rent, with parking space at Morpeth Railway Station. Benjamin Green House, part of the railway station building, houses 7 newly refurbished offices, kitchen and communal area; with a café and taxi office on-site along with easy access by train to Newcastle, Edinburgh and beyond this could be just what your business needs. EPC rated A. For more information contact GMDT on 01670 503866.

Greater Morpeth Development Trust Financial Report 12 months to March 2023

Statement of Financial activities for year ended 31[st] March 2023

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Unrestricted Restricted 2023 2022
funds £ funds £ Total funds Total funds
£ £
INCOME AND ENDOWMENTS FROM
Donations and legacies 4,348 5,800 10,148 19,126
Other trading activities 14,871 - 14,871 18,873
Other income 21,344 - 21,344 3,494
Total 40,563 5,800 46,363 41,493
EXPENDITURE ON
Raising funds 8,734 - 8,734 1,898
Charitable Activities 22,092 181,947 204,039 205,734
Total expenditure 30,826 181,947 212,773 207,632
NET EXPENDITURE AND NET MOVMENT IN FUNDS 9,737 (176,147) (166,410) (166,139)
RECONCILLIATION OF FUNDS
Total Funds brought Forward 5,549 1,951,179 1,956,728 2,122,867
TOTAL FUNDS CARRIED FORWARD 15,286 1,775,032 1,790,318 1,956,728
Balance Sheet as at 31 [st] March 2022
2023 2022
£ £ £ £
FIXED ASSETS
Tangible assets 1,741,433 1,853,632
CURRENT ASSETS - -
Debtors 4,135 14,061
Cash at bank & in hand 61,647 160,094
Total - - 65,782 174,155
Creditors: amounts falling due within one year 16,897 41,194
Net current assets 48,885 132,961
Total assets less current liabilities - - 1,790,318 1,956,728
Net assets - - - -
Funds of the charity
Restricted income funds 1,775,032 1,951,179
Unrestricted income funds 15,286 5,549
Total charity funds 1,790,318 1,956,728
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Financial Report

The accounts were produced to the year ending 31st March 2023. This financial year continued to be a difficult year for the trust, with the legacy issues relating to covid, and the issues surrounding the rental of the office units at the Morpeth train station.

At first glance donations were down 50%, from the previous year. However, in actual fact donations from the cinema were up from £2k to £4k, and the “reduction” was due to the fact we received less grants in respect of the train station, which was expected as the payments relate to small extra projects that have now all been completed.

Other income was down slightly, however again this does not reflect the whole picture. In 2022, GMDT received an £11k grant to paint the railings, so If we take this out, income has actually increased from £8k to £15k largely as a result of Arts & Culture/Book festival.

There was great news in terms of rental income as this increased from £3.5k in 2022 to £21.3k in 2023. This has resulted from the fact that many of the office units have now been let, as well as the café. If all the units were let this would yield somewhere in the region of £70k per annum. Currently as we stand, all units bar one have been let, and GMDT have the use of office 1 as well.

This overall shows a small increase in GMDT’s income in 2023.

In respect of expenditure, the trust has undergone a cost cutting exercise, whilst still being able to deliver its core projects for the benefit of the local community.

Of the £212k of expenditure, £82k relates to depreciation, which is due to the writing down in value of the fixed asset reflected in the balance sheet. At first glance, you might say we have plenty

of assets which GMDT could sell to help fund its core activities. However, the asset is actually an intangible asset. It refers to all the costs associated with the complete renovation of the Morpeth train station, and is to be written off over 25 years, when GMDT’s lease with Northern rail finishes. It also needs to be said that the train station itself remains the property of Northern Rail.

Of this balance of expenditure £40-45k relates to the core costs of the organisation, £40k to pay all the costs/contracts in relation to the train station, and £30k on historic electricity bills from 2020.

The loss on the year is comparable to the previous year. In going forward, this will be greatly reduced in 2024, due to a large, expected increase in our income.

Mike Willis

Chair GMDT Finance Committee

Morpeth Arts Centre

For the past 20 years Morpeth has been without a cinema or theatre.

GMDT in partnership with a team of local volunteer professionals, has been evaluating potential sites for an in town Morpeth Cultural/Arts Centre.

The goal is to establish a multipurpose venue for cinema, live streaming, professional theatre, music events, youth theatre, meetings, exhibitions and lectures.

The venue will have movable seating to allow for various configurations for seating. A professional theatre designer has developed images reflecting this concept. There is much more work to do but we are making steady progress to realise this aspiration.

The images are indications of a potential venue.

Morpeth Talking Newspaper

Morpeth Talking Newspaper has been available since 2017 and is circulated every 2 weeks. A group of volunteers record articles from the Morpeth Herald and Inside Morpeth, save to memory sticks, and distribute free of charge to people who have vision impairment. If you would like further details about receiving copies or being involved in recording, please contact us via: info@gmdt.org.

GMDT sales

Our friends at the Morpeth Tourist Information Centre, who are based in the mediaeval splendour of the Chantry in central Morpeth, continue to support GMDT with sales of tickets for our activities such as book festival, cinema and theatre, and they also provide an opportunity for visitors to purchase our local history books and walking maps.

GMDT’s packs of 12 detailed illustrated walking maps continue to be popular, and remain available via Chantry Tourist Information Centre and also GMDT’s own website, cost of £10. Packs of John Caffrey Bird Cards (blank, for personal messages to be added) are available at £3/each. And renowned local author Bridget Gubbins has written a feast of books about the local area, with the following publications also available at Chantry or via GMDT website (gmdt.net/shop) at £5/book: The Curious Yards and Alleyways, The Mysteries of Morpeth, Newminster: Monks, Shepherds and Charters, Juliana and Ranulph of Morpeth Castle, and The Conquest of Morpeth.

Diary date Morpeth Book Festival 23[rd] and 24[th] March 2024

COIAPANY REGISTRATION NUMBER.. 05676236 CHARtrY REGISTRATION NUkqBER: 1117036 Greater Morpeth Development Trust Limited Company Llmlted by Guarantee Unaudited Financial Statements 31 March 2023

Greater Morpeth Development Trust Llmited Company Llmlted by Guarantee Flnaneial Statements Year onded 31 March 2023 Pago Truslees. annual report {incovporatlng the directorfs report} Independent examinerfs report to the trustees ststement of financlal activities (Induding income and expenditure accounl) Statement of financial position Notes to the financial statements The followlng pages do not fomi part of tho financlal statemgnts Detailed slalemenl of finanthal activities Nolas to the detailed stalement of financial activiti8S 18 20

Greater Morpeth Development Trust Limited Company Limited by Guarante• Trustees, Annual Report (Incorporating the Dlrectorfs Report) Year •nthd 31 March 2023 The trustees, who are also ffte lt0 fty thè purFOS6S of cornpany law. prn1 their report and tho unaudited financkql statements ol the charty for Ihe year •nd8d 31 March 2023. R•f8r•nc• and •dmlnhtsfv• dthlls Roqistsf•d ¢h•rlty nwn• Chatlty regl$tratloTh number Greator Mtypèth Deh)nent Tm$t Lvnffed 1117036 Cornp•ny r•glstratlon numb•r 05678236 Prln¢ip•l offle• and r•glt•r•d l BlaMl Gre•n Hcw offi Coop1¢8 Lan• m¢)lh Northumberl NE61 2SL Th• tnJ#t••• KM 81Y-wIlBon R•tir¢d Edu¢•tson81 Prole8sK)nal J H EdrnUThts Plannirvj IRes43nod 12 Octob8r 20221 lof6s$knal F Rescbjno Rt¥r•d Clmlc PrOf•s5n8 R J C Burrow Retrnl M D Wflrs K M Johnson H R Brown K E BCeT O C Ricard$ IR•$igned 9 Msy 20221 {App)inted 9 May 2022) IResgn•d 12 Ociob8r 20221 (AnI8 12 OCtor 2022 COMnY Mcv•tsry Ind•p•nd•nt •Mmln•r MO Wills Michael W Re¢d RusstrA House ick Northumbewl NE66 1HB Structur•, governanc• and m•nwm•nt The charity Is controlled by its g)Jverning drument. a (le. of trusi. and constibJteB 8 lirniled compwry, Ilmfted by guar8ntse as d•fird by the kt 2006.

Greater Morpeth Development Trust Limited Company Limlted by Guarantee Trustees. Anrbual Report (Incolratln9 the Directorfs Rèport) {MtthnLwd) Year ondod 31 March 2023 StrUcT4 gov•rnanc• arml mang¢nnt Icc11 Gf6ater Morpeth Dov8kJpment Trust Ltmiled wll devek)p Morpelh to be a preMr m8rk•t to4bn in Nc Ea81 England, prcmoting 8nd improvmg the and CountryJhle publtc benefrt, economic and $ocMI w61Ing of peoplè liwng and thtrkirg In Mfypèth and its surrwdirw are83 of Northumberignd Ihrough the promolion of urtjan and r•generab(. The charity i8 require(I to report how * deals 1th lundraising I the wblc. Thè charity does ng1 usg professional fundraiser or cornmefo81 partKipator to rab5e fttnds. Any r4t5ed direct from th publk foJows all g¥e{Int$ out by th• Charity Commisp)n UK in ev8ry rèspect. We respect thè privacy and ctaCt preferar$ of al donors. Thè Board, who gNg thaw Imne Iredy and r) trust roceriod romuneralK>n in the sE8r. havo conSerd who Ihe Key klonagemenl Personnd IKMPI of the tharily 8re. Together wth the board, thèse KMP ar• in charge ol dlr•ctiry and contr)ik'ThJ, runnkng and Operan9 Ihè actsvitios of the charity on a (lay to day basi8. Tho pay ol KMP 18 reviewed annualty and normAIty increas8d in accordan¢o t av•ra9e 8arr4ng6. The trusloès ben¢hmath a9ainsl pay lèvets ol other ch8rit$ an(J sirnilar org8ntsalws wthin the Bector and the regth. Pay kgvels are sgt ugiThJ Ihls Information toge¢her Ih the budgfr18nd forec881 iftfcffmatson. ensuriry Ih•t thv chaity can •fforylfflg prod increaso•. The tJ)8ffl thèn a9 afiy uplffl to mrall0. Obl•elIv and •dlvlll•• Gre•ter mort 08vÉkPm Trtl {GMDTI been In oxlsi•nc4 slneè 20C6 the dlverse fwige of proiocls Ca¢rd out over lh• past y88fS ¢j nol tr+# h8ppwd wilhout th8 SLWPOrf ol OUT parlnars. fundets and members. GMDT have CClinO Iheii oblectNe of d•¥lopiThJ partnernhlp nelvrtyks thrw facHlIAtion to d8vèlop inilialiv•8 and through thtt 8kill baso in Ihe leom addiThJ v8lu& vthere ever pts$$) lo mBke Morpelh 8 qualty pLac• lo lfve. GMDT have davehw & kWfol) of Jxoiects io tJelNer alms obie¢tive$ gncF th• malc caprfal schemas whKh havo benefrtted the trMI irtlude Ihe the r8d8vekJprneTrt of Morpoth Town Hall an¢J Morpelh R8ih¥#y sl8bon vhu¢h geroT8ted deveknweni Income and sustatnablo incorne lo support thè actrtl of GMDT. Thls has bo•n &chNd thr¢)ugh lh• 8UFPQrt ol 8 nurnb8r of fvnding brJkns vtho hav Inv8sl8d in iho VL8ion to redovd4) key pu assè18 Wrthtn PAtrpeth- the main fundor8 balng Herltage Lottèry Fund. N•MxJrk Rall, North•m Trains Lirnrt. Northumb8rf8nd County Council. RaY H•rilag¢ frusl and Norlh Easl Rml Grv**th N•ts¥ork. Achl•Y•m•nts and p•rforrn The existing $tBff te8m k8 rnad8 up of 2 part limg member5 supporled by 8 range of professional assctiates lo deliver a pth1fo1j of quality pleC1S and through enga9ity vohjnteers, 5UPPOrt and strong partn•rship vnrkThJ w• lo maintain our kvol of s•Nce aThY delNery Iho btsnefil of Morpèth. More d•tail ab04Jt th• athimos during Ihe r and phottsyaphs and tosthmonkryls 01 th8 proiocts e Seen on our webSe vfvM.gmdt.net and aLryo V+ithin our Annual ReFQrt.

Greater Morpeth Development Trust Llmited Company Llmlted by Guarantee Trustees. Annual Report {Incorporatlng the Dlreetorfs Reportl (¢•nWnu•JJ Year onded 31 March 2023 Flnan¢lal r•vlew orpeth RaiaY Stsknon has ten over seven s•ars frwn irtspifv)n to cornpfèlbn and been major vnd•nAking for a Charity of r size and 1¢y not have begn delivered without the support of foFA) of fu[eT5 who promded the raprtal to reis8 the OPF%Unty of ieAuvÈnating a key asset lor th8 to. Not onty dwj the prr¥ect rnin8tate a 11 buildiTha to tts I0tr glory tyJl galeway to the Iw of whld) putyic can be prTrKJ. The fulIng was only s¢cur¢(I to saf8guard the fubJre of Ihe Grase 11 Llsted statlon lo wowd8 an entsrrfftse lb lor smal businessgB as wdl as creating a st8te of the 8rt b.cket offite. and iyovide m(#Jern fa¢ililies for todays rail usors such as 'Jets. Thè occupatlon ol units in office •t& wdl prowde an In¢ome stream for GMDT which shall sustain the Charity In knurè 88 enth fiHth8r ben•fil to b• Sm411 ¢ompany wovhlon• This report has been In 8cccrfrfarK¥ the applcabkn ts eiJn7p8nKgs entitt8d to 3mall¢ompanth exempdon. The truslees. annual report w89 approvèd on .............................. and 9 Irustoes by. on behalf ol the board ol R J C Butrow Retired TnJ$16• A4fv1 Al D Wili3 Trv8t•O

Greater Morpeth Development Trust Limited Company Llmlted by Guarantee Independent Examinerfs R•port to thè Trustees of Greater Morpeth Development Trusl Limlted Year onded 31 March 2023 I r8P)rt to the tru$tee5 on my 8x8rninab.cffi of the finanTr $tstem8nts Lrf Greater Morth Deveknpment Trust Limited {Ihe charitll for Ihe yp8r anded 31 Marth 20tJ. R•spon•lbllltl•s ond of r•pL¥rt A• Ihe trustees of the company land afso frr th• PU of cwipany lawl YDU 8r• rgspMSib for the pl•parlon of thè ststèrnents in accean wtra thè roquwwtont5 of Iho Compan$ Act 20C6 llhe 2006 Act'i. HBwirg $alisfiod m1 th•¢ the acc¢unts ol Ihe cempgny are not r•qutr•l lo b8 8udiled under Part 16 ol th¢ 2LK6 P£1 and aro ehjibk for indewdenl examffiaDon. l port in re8pect of my èxJmination of th8 charily'8 ac¢c¥Jnts as ¢aThied oul uThJ6r 145 of Iha Charths Act 2011 I'lhe 2011 Act'l. In carrying Out my 8xamlnakn.on I have folhY1 the gp48n ty the Chaflty Commission under 3eclon 14515llbl ol tho 2011 Aet Ind•p•nd•nt •x•mln•rf• tst•m• I have complelgd my •xaminaJon. I confirm that I rnattars cimne lo my attention kn connoclKJn vhth tho examination giwKJ mg caus• to b91va. ounung r•cwd8 V+W8 r kopl in r88Frtt of ehartty as requlr•d by 8QCtit)n 386 of the finwKki1 stat8n do rnt acccrfd Ihos• rocord8'. or trt hnandal stslements do not comFty with the acclIng r•quir•rn9nts of sa¢tK)n 396 of Ihe 2006 kl th•r thBn any r•¥uirement that th? accotmts 9Ne a 'true and foirf vw whlth a matt•r ¢onwdor•d a8 part of an in(knperthl &x8minat¥)n', or Ihe flnancial Atslem•n13 h0 not been prepar in accofdan¢e Ihe Tnethods and nciples of the Slat•mani ol Recammonded Praetux for accounting and rtyportrng by d)arilies appN¢ablo lo chants pr•pJr¥ig l'r accounts in acCortlan wilh the Financ1 Reporliw applic8bl& ift tho UK and R•publt ol Ir•laAd IFRS 1021.

Greater Morpeth Development Trust Llmlted Company Llmited by Guarantee Ind•p•ndent ExamlneV$ Report to the Trustees of Greater Morpeth Developm•nt T$t Limited (¢O*ilrftMrfJ Y•ar endod 31 March 2023 I have no ecffKern8 and come no olher matters in CDnn8ctiffl wth the exarninaln to %thich attention should be drÈ¥m in Ihis rewt in order tg enabl8 a propef understanding of the accwnls to be re¢d. MKhael W Rèèd lThlepèndgnl ExamIr Ru$8el Hou$& Gfa8mvell Road nwck Norfhumberf•nd NE66 1HB 21 Sopl•ml)•r 2023

Greater Morpeth Development Trust Limited Company Limlted by Guaranlee Statement of Financial A¢tiviti•s Ilntludlng income and expenditure account} Year endod 31 March 2023 2023 Restricted fun(f$ Total funds Total fvTrds 2022 Unrestrlcl•d Nat• Incom• and ondowin•nts Donation5 and legaries Other tradlng a¢lMlf•s Oth•r income 10,148 14.871 21.344 19.126 18.873 3.494 14.871 21.344 Total Ineom• 40.%3 46,363 41,493 Exp•ndltur• Expgnditurè r8ising funds.. Costs DI raisg I1#tiC8 8nsJ le9a¢l68 EXpdItur on ch8rit4bkn activitie8 Tot•1 •xp•n(ItyY• 8.734 22.092 8.734 Z04.039 1.898 205.734 181.947 30.826 1B1,947 212.773 207,632 N•t •xp•ndttur• KI n•t mov•m•nt In fvnds 9,737 1176.1471 {166,4101 1166,139) R•¢onelllatlon ol fvnd• Total ILrnds bwhl ff0a Tots5 fundi rAnl•d ft+nv• 5,S49 15.286 1.951,179 1.775,032 1.956.728 2.122.867 1.790.318 1,958.728 The 8t•i¢mont of a¢1vhS IntdeS am gall and the >wr JI Income •nd •xF•ndtture ¢J•rl¥• from ¢4)nirnukng actiwll86. Th• nol•• p•g•B 8 t¢ 16 lomi p•rt ofth¥¢ ffinancll ¥t•ternents.

Greater Morpeth Development Trust Llmltod Company Llmited by Guarantee Statement of Financlal Positlon 31 Mareh 2023 2023 2022 Flx•d aM8ts Tangible fixed as68ls 18 1.741.433 1,823,767 Curr•nt au•ts Debtors C98h at bank •nd In haThJ 17 4.135 61.647 14,061 160,094 65.782 174.155 Cr•dltor: amountg f•lllng du• withln on• y••r N•t curr•nt as$•ts Total •u•tÈ eun•nt1Siblllti• N•t aJ••t• 16,897 41.194 48,8B5 132.961 1,790,318 1,956.728 1,956,728 1.7W.318 Fund¥ of th• ch•rlty Restricted funds Unrestncled funds 1,775.032 15.286 1.951,179 5.549 To1 ch4rlty fund• 21 1,7,318 1,9S6.728 For th• yeai •ntn8 31 March 2023 the tharty wa5 8ntiW to ex9rnpti Irom audtt und•r so¢kn 477 the Companies Ael 2CYX8 rebling to smal ¢ompanS. r•clcKs' respjnlil0S". Thè membws ha¥e r#)t r•quired th• compary to obtsin an aLNI6t of its fmne1 $18lernents thè yp•r In qu•Jkn in a¢crydarKo 476. Tke dirÉctors knre9• their resp.6 for ¢tynF4Iir4J wilh th8 rowhmfrnts of th8 A¢t lth rpect to accoun. Ir¢I$ and prgpar•kn ol flnanck 6talgmerf8. TSe finat)cki1 stalements haw wepared in provyah8 appCable to Lxmpani&s $ubiect lo the sm41 companie8, regim•. Thes• flaTal slalernents Te approved by fv board of trustees and 8uWsod foi issu? on .. and g*gn•d behalfof thg b)ard by. R J C Buffow Rèbred Truste8 •ADWS Trtt0 Th• nots¥ on pag•• 110 16 lomi p•rt ofthu• fin•ndal sl•teffl•nts.

Greater Morpeth Development Trust Llmlted Company Llmited by Guarantee N¢)tes to the Flnancial Statements Year ended 31 Mar¢h 2023 G•rternl Infomatlon The charity is a publ berfit èntity a wivate cOMpY linitsd by guarantee, registered in Ewland aThJ wa and a rwstered thArity in ErrfJland and Wales The addf•SS of th8 wistwed office 1$ 1 Bènjamin Grn Hw5e. C¢ Lanè, Wrpgth. NOrthurnber1. NE612SL. $t•t•monl of conyllanc• These fw)antyal statemts have ryeparnd In CoMl8Ce FRS 102. 'The Fin8tKial Rewjrting Siandard applicab UK and thè R8PUtAK of Irdand., the Statement ol Recomrn•ndod Pr8Ctw aptdicatjlè to dwrtbes preparin9 they accovnt$ ffi accDrd3nc8 %%ith the FiThgnct?l RepNtiThJ Stsndard appCab in the UK antt R•putdK ol ITrI IFRS 102) Ichèribes SORP IFRS 10211 and the C¢ynpanie5 Acl 2thJ6. Aec¢>untlng poll¢5•s a•1• of pr•par•tlon The finala1 gtstwnents h•v• been pryr•d th? hlstodcal eost bgsys. Th• financial stateMts are F¥epa in sterfry, is tho functknn vJrrtsrY of Ihe entity. Golny ¢onc•rn Ourlng I Covid 19 PaThl8mlr tyt• dwlty has Ixed rfACts8S in rar4 lunds to fin&nc8 thelr cora aetwities and thi$ has been comF%JThJed ty drtfieulyes in tho pasi of r8nling ovt unHs al MO8th Raifv40y Stsfj¢. The Trustees ha¥• ITh place 8greem•nts wilh prosp8citv8 taTht$ for the let of Units wknich ShOd ureaSo irthn¢ ty a l•vd covw com costs. The Tr¢Jsl88s hBve pro<Juced txjdgels for ts comirrfJ year show that fvndin9 is axpecled to bo In pl8co th• nexl 12 m. Th•rnlcrt Ihe Cherity conlknugs to OP8rate a$ 8 gcry rA)ncern. Dlelo•ur• •x•mptlons Th• entsty sats"8fis Ihe criteno of b8iTh3 8 QUalj enbty as dTrod in FRS 10 As $uctt, ¥dvantag• has en tak ol tho folkmng dts¢ltssur• frx6mptffi$ mllabl• undw paragraph 1.12 of FRS 102.. lal No statém has been Fxtsonted for the compY. Judo•m•nts and k•y Sourc of ••tlrn4tlon u•rtaI•ity Th8 prepsrallfm cd the financial 5tatBments requirès manp4om•nl to mak8 ludgèmonls, •sbmat65 and 4s$wnptlon$ that affecl tha annts Teport•d These eslimates ludg8men15 t continually and arn bag1(l on exptsnence and other lactors, indudlng expoctab'¢J)g G4 futur• ov8nts Ihal af• Wk¥ed lo be reason8We under e*cumstancu.

Greater Morpeth Development Trust Limited Company Limlted by Guarant¢• Notes to the Flnaneial Statements (corthMKdJ Year endad 31 March 2023 A¢¢ountlng polleles { Fund •c¢ountlno Uryrestricled fu#(ts are aybatIO lor usè * tho dlsuo1t( of th¢ knJstse5 to lurther any of the arivs pufpos8s. Restr (tsnds are subi8ctsd to reatrictwB on ththr xpendlth dedar8d by tho donor or through the terms ol an wal. and lav into on8 of 8ub-Ctasses'. Téstri¢¢ed iOe funds or eThJowmgnt lunds. Incoming Msourc All Income Is included in slalem•nt rinanckil actiwts en enb'yement has passed to the charity, It 16 probable th81 Ihe e(Jnomlc bonellts 8$sociated ¥th Iransa¢tJon 11 fk)w to the charity and Ihe arnount can be fell8bPy Measu. Tho l¢Ylwng 8pe&fie p)Ik9 8re applied to particukir cat8gori88 01 in¢¢yno' - IrKLyn• trom donatkns or gran1$ is r•cwised tsre is evhl•nce of •nbdement to the gift, rpt Is wthabf• 8nd it8 am(t be Measu rel8W. - IrKomo from dunaled goods is mva5wed al the lair Va of the unknss this l¥ impr8cts.cal to rneasure reliably, in case Itt• valu8 is derived from tho cost to Ihe donor or lh• esfvmat•d ros4le wa. Donated f8clli¥•$ and serylces am r•cognised in the aCtnts when recelve¢l If the v#lue Gan b• 10fbty m8aJurnd. No ar• i)udI for thg contributs'on of ggneral LmlWfS. . Lome frorn contracts fw th• swty ol s•r¥ir¢s is rwl#•d th• delivery ol th• eonlfXt•d serm. Thb IJ ¢183sifd a5 unreslrided fur41s unlo$s lh8 1$ 8 ci)ntractu requiromenl for il to t SFent on 8 particutsr purpos• and r8turrd if unwl. ift case il rn8y b8 re9ardod as r•Stri•d. R••oure•s •xpond•d Expendhure L8 r8coanls•J an aceru8b basis as a ablhty Is thcurred. Eyn¢Jlure inckJde5 any VAT vthleh cannot be lulty recov¥. and is eIglfi¥d under haadings ol Ih? stalemonl ol flnaneLg1 ¥ctiWUes lo il relales.. expenditure cfi r•sing Iwbjs inclth Ihe eo8ts ol al fundrnising ti¢s, evenis, non- ¢haritabl8 tradiThJ •cti¥ibes. 8nd ol donated g¢xth. expeTrdibJrn on ¢harilable actTvilJès Indudes al costs Ineurned by a chaiity in undortaking acllvffj'•5 thal further 116 ¢hantablè oims lor the ben&fft of rts beneficiaries. incljding those supwt C1$ costs r•tatiThJ to Ihe gobmarts of th• charity apportioned to Chan$aa activrties. other •XpOndr0 indudes al èxpen(litire Ihal Is n8ither related to r81sing lunds lor the ¢harty nor part of ils expendthjre on chantatje advit. I costs are alh)caied to expeThJilure calegones renecbng tha use ol the resource. Direct costs attribut80k Io 8 actlvlty are allxated dtrecty to that actiwty. Shared Gosts are apportKn8d veen the acw'l*s tWcontiit#Jie to on a rea${ble. Justifiab and conslst8nt basls.

Greater Morpeth Development Trust Llmlted Company Limltsd by Guarantee Notes to the Flnan¢lal Statements Year •ndod 31 March 2023 Inling pollcles Tangible a88•1• Tangible a8S•ts are itity Igcorded at cosc 4rKJ 5ubsequenty stst¥d al o)st less any 3umUlated depTeci8tK)n and impalrnenl tsses. Any tarsfok a558ts calried 81 vallIed amounts are recortjed al the falr value at date of T1UtIon less any subsequent accumulated dèpr8ckryti¢M ond sub5equenl a¢(JJMuted bmpairnient b)sses. Am incrgas• in tr& Garryirg arnovnt of an assel as a m6uIt of a reVaatIon. is rècognised in othe recognised gains and k)$. wfess rt rev•ms a thar9e for impaimwnt Ihal has prthousfy bean rec(NJnis•d as 8XP8ThYitvre IhFn the stst0m8nt of flnanual acNtles. A d8crea$e in the amount of an assot a8 a resuN of rOVakl)n. is recc¥Jnis8d in other rBcogni5ed g8ins and losges, except to which it offsets 8ny wgvxjus revaluatiw goth. in whlch easè tho 10s8 19 shLMfn wlhin other r•ccgTrised gasn$ aTrJ k)8S8S tffj thg 5¢8temenl of financial 8ththes. D•prn¢latlon Depredall 15 cak>Jld so aB lo lte off th• rml aJatIOn ol an a88ei, l•Gs Its $Ual valufj, over Ihg wlul economielrfg ol Ihal os8•t aÉ foltrm.. Long le8sohc4d R•'kny Dev•loprrgnt Short lea$8hold property Fixturgs and fitb"rKJS 4% strai1 linè 4% slraw hn• 15% rethKlTrJ bfi ImPrnt ol flx•d ••Mts Al each balance Sheet date. Ihe cornppny the catyivj amnI ol ils langible fix assols lo deterniine %th•th•r Ihere 19 any indicaiion thal 8ny it•m$ have suff•r8d an irnpBirmgnl108s. 11 any ¥uch Indic8lb)n èxts, ltrrti rac0bI amount of an 9868118 •stimat¢d ift ordor to detèrmlna th8 •xtsnt rA th• [m1rent kjss, rf any. Fln•nci•l in•tThm•nts A fInal#l asset or a fin8ncl81 Wabl¥ty 18 T¥0ed onty the tty b•com•$ • party tho onlraclual provisions of ihe ir)slrVmt. Ba61¢ financial instruménts we knltlaty at th• )cnI recesvaN8 or parable lncludkng ony relate<J transaction sts. the arrang•m8nt consljbjies a financir¥J transathon. wthèrè It Is rectyJnisgd al th• pvg5gnl value ol th8 fuiure paentS dkswunted al a markat rate of intgre81 f¢¥ a milar debt irtrUMl. CUnI a$¥13 eLWT•nt liab1t$ ar• subseq4Jently My[l al the ¢g$h or other csIdelic expttiÈd to be paKI or f¢CeN8d and rnt discounted 10

Greater Morpeth Development Trust Llmlted Company Limlled by Guarantee Notes to the Flnan¢lal Statements Year •nd•d 31 March 2023 countSng pollclH D•fln•d Mntrlbtrtron plan Contn'tAJb'cns lo defined contr1ltJn recogrimd as an 8xp8nse in th& In which th8 r8Èated seThie8 15 provid&J. Propaid ¢cffjtsibJtK$ are recognised as an 8SSgt to the exlent that the prOpayMl lead to a reduction in fvttsie Paents or a cash rethftd. When ¢¢ythbulioM are not •XF•ded to be sellw Vllblln 12 monlhs of th• ènd ol tho reporting date in %thieh the empws rjer the rdated servic•. Ihe l'ability is measured on ¢Yls¢ounleé pr•$•nt Val basis The uwrthg of the d15count is rocognised as an expense in the rGl fft thich il arises. Umlt•d by gu•rnnt•• Greater Morpelh Devekjpment Tru51 Lirniled is a lknrt•d Company PAnited by guarant•• and 8ccordiryly dees nol hav• a sharè ¢xpllal. Evwy m•mber of the comwy tsnd•rtakes to contribth• 8u¢h en 8mcxJni as may be rewirèd not •xce8ding £1 to the 8¥sels of the charitable r£*np8ny in thv evenl of i( bth.ng wound up wthile h¥ or sh• is 8 member, or wrfhin one y¢or aftef ha or sho cea8es lo a m8mber. DoJMtlon• ind l•gttl Unmtrfded Funds Restrtclèd Totsl Funds Funds 2023 DoMtlon¥ Ralkway Slaticn Pfoi•ct Cinema proj'eci 5.8¢)0 S.800 4,348 4.348 10,148 unrestn.cttd Funds Reslrfetèd Total Funds Funds 2022 Donallon• Raihvay Slot PTolg¢t Cin8rna project 17,069 17.t69 2,057 19,126 2.OS7 2.057 17,C69 11

Greater Morpeth Development Trust Llmlted Company Llmlted by Guarantee Notès to the Flnancial Statements Yèar ended 31 March 2023 Olh•r tradkng aelfvilios (knreslncted Funds Restntted Total Funds Funds 2023 W8lklng Mep5 Arts & Cullure 1.677 11.234 1,677 11,234 1.960 14.871 14,871 Unrostrica8d Funds R•stnct•d Total Funds FuThJs 2022 Walking Maps Arts & Cullwe Oth¥r income 2.016 2,016 5.011 11,CKIO 16,011 7,873 11.C4XI 18.873 Oth•r In¢om• Tolal Funds Unrostrictod Tot81 Fund8 2023 Funds 2022 Funds Ren181 inorng 21.344 21.344 3,494 3.494 Cost8 ol Y•lslTh9 don•tloM and l•gKI•s Lknrosknded T1 FuTrd• Unreslncted Totsl Funds FurKI$ 2Q23 Fund8 2022 Co¥ts af ralslr¥J ¢Jty•tI5 and ltyad•G 8.734 8.734 1.898 1.898 9. Exp1ndT• on ¢h•th¥blt actfvltles tyfvnd lyp• Unre5trKlY Funds R•strlclèd Total Funds F4Jnds 2023 SuprKrt cnsts 22.092 181,947 204,039 Unreslnd¢d FunLI$ Restricted Total Funds Funds 2022 PF#Xt ry)sl8 11,772 193.962 205,734 12

Greater Morpeth Development Trust Llmited Company Llmlted by Guarantee Notès to the Financial Statom•nts fcorth Year ended 31 March 2023 10. Expèftditsr• on ¢harItab actIvi¢i by acli¥tty typ• Total funds 2023 Totsl fvnd 2022 ppyl costs Activty Govgmanco tts 202.179 202,179 1,860 204.560 1,174 204.039 204.039 205,734 11. An1$ ol wpport ¢osts Aft# or supwjrt costs aGtivity l Total 2023 Tolal 2022 Gov•m8nce coBts Supwt rthis. Olher ¢08ts 1.860 207.671 1,860 207,671 1.174 204.560 209.531 209,531 205.734 12. •xP•ndU1 Nel •xP8f1tWe is 8tat•d •ft•r ch&llcrethdng1'. 2023 2022 Dew•cL?1 ol tanglbt• flx•d a$3ets 82.334 81,227 13. Ind•p•nd•nt •xamln•tlon fw• 2023 F88s payablè to the M¥JepthJ•nt examtnor for". Independent ox8miftra1l ol thè finan¢io1 statements 1.860 1,174 14. staff e051• The total stsff cc4ts aThJ empw b#rfits lor the wNtlng p*krft ore anatygod as form." 2023 2022 Wag9s an¢J salarf8s En7ployer eonln'bubcfft to penshin plws 22.216 388 21.768 2r 21.974 13

Greater Morpeth Development Trust Llmited Company Limtted by Guarantee Notes to the Flnancial Slatements (¢OhrythK•¢ Y•ar ènded 31 March 2023 14. St•ff costs (¢e• The aver8ge ad count ol ¢rnpkJw ¢JuTirvJ the yEar was 212022.. 21. Thè average number ol full.ts'me equ*v8lenl empbyees dwirs fv year is anatyxed as lolhm.. 2023 2022 No. Number of stsff - rArt thno No •mt4Jsw recelved •mrlow beneffts of morg than £50,xI the rI2022.. Nill. 15. Tru•t•• MrnungratFon and •xp•nus The no trustees. remungro or oth•r bengffts fty th• r ended 31 March 2023 or 2022 Thgr8 no Ir108$, exponws paid fty end•J 31 Morth 2023 or 2022. 16. T•nglbl• fix•d as¥•ts loasehohj Jpety. Raikny asehold Fixtur•s and stathon property r1rJ3 Tolal Co•t At 1 Apvll 2022 •nd 31 M•rth 20ZJ O•prgcl4tlon At 1 Aprll 2022 Charg8 lor Ihe yyar At 31 M•r¢h 2123 Carrylng amount At 31 Mafch 2023 2.033.449 15,154 2,056,508 216.324 81.338 8.512 996 232,741 82.334 297,662 7,9)5 9.508 315,075 1.735.787 1.741.433 At 31 Morch 2022 1.817,125 6.642 1,823,767 17. D•btor• 2023 2022 Tradè debtors Prepayments and aeuued Olhor Qeblors 1.150 453 2.532 4.135 403 12,769 14,061 14

Greater Morpeth Development Trust Llmlted Company Limlted by Guarantee Not•s to th• Flnandal Statements Year ended 31 March 2023 18. Cr•ditOT•: amounts f•tling du• withln yq¥ 2023 2022 Trad8 cr8d1t$ Ac¢ruals aThJ dele1 Incom 14,722 2,175 21.213 19.981 18.897 41,194 19. D•t•rr•d In¢om• 2023 222 Amount del•rrod in 18.808 10. P•r••lon• and oth•f Pt Th1m•nt b•bMffts D•fin•d GOTrtrtbullon plani Th• amount fsXtgrH8ed In ¢x •¥penditurg gs an expensè in rel•tion io d*fined ontrbubon WAS £388 (2022.. £1. 21. An•lyBl• of ch•rStabJ• fvnd• Unr••lrl¢t•d fund• Al 1 AWN 2022 IrKomè Expondtturè 31 IA4r¢h 2023 Gemral hJnd• 5.549 40.563 130,8261 15.286 Al 1 2021 Inc4yne Expgndlbjre 31 March Xt22 G•n•ro114mds 5.79S 13.424 113,6701 5,549

Greater Morpeth Development Trust Limited Company Llmited by Guaran1•• Not8s to thè Financial Statsments Yèar ended 31 March 2023 21. Analysls of charltabh funds {wthr•dJ R•strlthd funds Al 1 Awil 2022 Al IrKome Expendllure 31 March 2023 Rgsln'ct•d Fund 1.951.179 1181.9471 1,775.032 1 AwdX121 Income Expendituie 31 r¢h 2022 Restrlcted Fund 2,117.072 28,069 1193.9621 1,951.179 22. An&1¥ ol n•t •*wts b•tr••n fund• Unrostiided Funds Rtr$trkiod Tai•l Fundi Funds 2023 Tants fix8d asgets Curf•nt as Credltors lass Ihw 1 lf Nel au•ts 1.739.434 50.463 If4,8651 1,775.032 1.741.433 65.782 116,8971 1.790,318 15,319 12.0321 15.286 Ihw•gtn"dÈd Restricl•d Ttstsl Fund8 Furn18 Funds 2022 Tangl& ftx8(l a$8ets Current assets Credllcrfs k•st than I Or N•1 IM•¢• 2.351 8,OFAI 14.8621 5,549 1,821.416 166.095 136.3321 1.951.179 1.823.767 774.1SS 141.1941 1.956.728 23. Contlng•n¢l•s The tharity 18 In th6Wrt8 8 Su1191. am¢xrt ol any or 888•t not be quaniified at th• ar •nd. 16

Greater Morpeth Development Trust Limited Company Llmlted by GuaTante• Management Infomiation Year ended 31 March 2023 Th• hllow*J9 p•w do not forni gfth• Ilnandll ¥l•t•m•nts. 17

Greater Morpeth Development Trust Limlted Cornpany Llmlted by Guarantee Dotalled Staiem¢nt of Financial Actlvities Ygar ended 31 March 2023 2023 2022 Incom• and •ndowm•nt• Donatlons and 9•¢18$ RaiKy8y Ststion Prqect Cinoma project 17,069 2,057 4.348 10.148 19,126 Other trndlng xthillS•8 WalkirrfJ Maps Art$ & Cvlturn Othèr 1,6T7 11.234 1.960 2,016 16.011 14,871 18.873 Olh•r Ineomo Rental inome 21.344 3,494 Tot•1 Incom• 46.363 41,493

Greater Morpeth Development Trust Limited Company Limtted by Guarantee D¢talled Stat•menl of Flnanclal A¢tivltles fntsl Y•ar •ndod 31 March 2023 2023 2022 Exp•ndltur• Costs of Tlslng donatlons and 1•gcI•# Arts and culture Cs'nema project 5,287 3,447 1.030 868 8,734 1.898 Exp•ndltur• on chtt•bt• •cUvltl•• Wages and salarios Pension costs Esl8bli8hmenl costs and Rc4)m hire Accountancy Bank chan Outsourcèd labour profession lee Other DJsts IlarketirwJ otr motorrtravel cD819 Managernent rn•lni•nanc• and costs Teleph)n• 22,218 366 46,975 21.768 9,257 1,2(10 170 9.038 1.388 835 2.971 202 44,208 101 4.e06 2.159 6,941 30.365 1.896 2,602 82.334 409 Déprgclation Membersh'p SubSptyC Repairs and mainlonanc• It costs Annu81 g•n•r•l meeb'ng 1.806 81.227 462 28,010 1.84T 150 2.543 204,039 205.734 Tolal •xP•ndUl 212.773 207.632 Not •xp•ndttur• 1186,4101 1186,1391 19

Greater Morpeth Development Trust Limited Company Limtted by Guarantee Notes to the Detailed SLitement of Flnan¢ial Actlvlties Year ènded 31 March 2023 2023 2022 Cost$ of ralslng don•tion5 and l•gae Co$t8 ol r•l•lng donatlons and19ga¢i•s Arts & Cuttur• Cin¢ma proj 5,287 3.447 1,030 8,734 1,898 Co•t• of Mhlnq donatlonx and i•oa¢l•s 8,734 1.898 E¥p•ndrturn on ch•iit•bl• A¢tfv Support eost Wages and Pension Establlshrnenl 31$ and Ro¢th Hlr• A¢countanty Bank char OUtsJr¢9j labour profess81 fèes Other cost$ Markgfyryj Other rnolor and Iravol ¢osls Mon4gem•nt and mainl•n8nc6 Telephon8 Posla9e, StrI)n8ryarrtr Photocopler D&pYeIl0n memrship and sub$ry5pkn8 Rèp¥ir8 and mainionanc¢ IT costs Annual gener81 meolirv4 22.218 388 46.975 21.768 206 9.257 1,2CK) 170 9.038 1,388 835 2,971 202 43,034 989 1,806 81,227 462 28.010 1,847 150 101 4,606 2.159 6.941 98 28,505 1.896 2,602 82,334 409 2.543 202,179 204,560 GovginnGO CO$t• Governanc• co$ts- accourt•ncyf••s 1,174 Exp•ndltur• on ¢h•r11 ,039 205,734

COIAPANY REGISTRATION NUMBER.. 05676236 CHARtrY REGISTRATION NUkqBER: 1117036 Greater Morpeth Development Trust Limited Company Llmlted by Guarantee Unaudited Financial Statements 31 March 2023

Greater Morpeth Development Trust Limited Company Llmlted by GuaTante• Management Infomiation Year ended 31 March 2023 Th• hllow*J9 p•w do not forni gfth• Ilnandll ¥l•t•m•nts. 17