Greater Morpeth
Development Trust
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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** 


**----- Start of picture text -----**<br>
Mike Willis<br>Linda Wilson Chair and   Hayley Brown<br>Office Administrator  Community Director Community Director<br>Kim Bibby-Wilson Dai Richards<br>Julie Whiteman Heritage Interest Group  Environment Interest<br>Office Administrator  Director Group Director<br>Frank Rescigno<br>Arts and Culture Interest  Richard Burrow<br>Group Director  Community Director<br>**----- End of picture text -----**<br>




## **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** 


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


## **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
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Detailed slalemenl of finanthal activities
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Obl•elIv￿ and •dlvlll••
Gre•ter mort￿ 08vÉkPm￿ Trt￿l {GMDTI been In oxlsi•nc4 slneè 20C6 the dlverse fwige
of proiocls Ca¢r￿d out over lh• past y88fS ¢￿j nol tr+#￿ h8ppw*d wilhout th8 SLWPOrf ol OUT
parlnars. fundets and members.
GMDT have CC￿lin￿O￿ 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 actr￿t￿l of GMDT. Thls has bo•n &ch￿N￿d thr¢)ugh lh• 8UFPQrt ol 8 nurnb8r of fvnding br*Jkns
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.
Ra￿Y 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 pth1fo1￿j of quality p￿leC1S 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 webS￿e 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 Rai￿aY Stsknon has t*en 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 re*is8 the OPF%￿Unty of ieAuvÈnating a key asset lor
th8 to￿. Not onty dwj the prr¥ect rnin8tate a 11 buildiTha to tts I0￿￿tr glory tyJl
galeway to the Iw of whld) putyic can be prTrKJ. The fu￿lIng was only s¢cur¢(I to saf8guard
the fubJre of Ihe Grase 11 Llsted statlon lo wowd8 an entsrrfftse l￿b 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 ￿8￿8 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￿ $tstem8nts Lrf Greater Mor￿th Deveknpment
Trust Limited {Ihe charitll for Ihe yp8r anded 31 Marth 20tJ.
R•spon•lbllltl•s ond of r•pL¥rt
A• Ihe trustees of the company land afso fr*r th• PU￿ of cwipany lawl YDU 8r•
rgspMSib￿ for the pl•par￿lon of thè ststèrnents in acce￿an￿ wtra thè roquwwtont5 of Iho
Compan￿$ Act 20C6 llhe 2006 Act'i.
HBwirg $alisfiod m￿1 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 folhY**￿1 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 stat￿8n￿ do rnt acccrfd Ihos• rocord8'. or
tr*t hnandal stslements do not comFty with the acc￿lIng 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 v*w whlth
a matt•r ¢onwdor•d a8 part of an in(knperthl &x8minat¥)n', or
Ihe flnancial Atslem•n13 h￿0 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 chant*s pr•pJr¥ig l￿'r accounts in acCortlan￿ wilh the Financ￿1
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 exarninal￿n to
%thich attention should be drȥm in Ihis rewt in order tg enabl8 a propef understanding of the
accwnls to be re￿¢d.
MKhael W Rèèd
lThlepèndgnl ExamI￿r
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 rais￿g I1￿#tiC￿8 8nsJ
le9a¢l68
EXp￿dItur￿ 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 ff0￿a
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¢1vh￿S Int￿deS 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*¥¢ ffinancl*l ¥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 •nt*n8 31 March 2023 the tharty wa5 8ntiW to ex9rnpti￿ Irom audtt und•r so¢kn 477
the Companies Ael 2CYX8 rebling to smal ¢ompan￿S.
r•clcKs' respjnli￿l￿0S".
Thè membws ha¥e r#)t r•quired th• compary to obtsin an aLNI6t of its fmne1￿ $18lernents thè
yp•r In qu•Jkn in a¢crydarKo 476.
Tke dirÉctors ￿kn￿re￿9• their resp￿.￿￿6 for ¢tynF4Iir4J wilh th8 rowhmfrnts of th8 A¢t
lth r￿pect to accoun￿.￿ I￿￿r¢I$ and prgpar•kn ol flnanck￿ 6talgmerf8.
T￿Se finat)cki1 stalements haw wepared in provyah￿8 app￿Cable to
Lxmpani&s $ubiect lo the sm41 companie8, regim•.
Thes• fl￿a￿Tal 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
•ADW￿S
Trt￿t0
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￿ ber￿fit èntity a wivate cOMp￿Y 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 Gr￿n Hw5e. C¢* Lanè, Wrpgth. NOrthurnber1￿. NE612SL.
$t•t•monl of conyllanc•
These fw)antyal statem￿ts have ryeparnd In CoM￿l8￿Ce FRS 102. 'The Fin8tKial
Rewjrting Siandard applicab￿ UK and thè R8PUtAK of Irdand., the Statement ol
Recomrn•ndod Pr8Ctw aptdicatjlè to dwrtbes preparin9 they accovnt$ ffi accDrd3nc8 %%ith the
FiThgnct?l RepNtiThJ Stsndard app￿Cab￿ in the UK antt R•putdK ol I￿TrI IFRS 102) Ichèribes
SORP IFRS 10211 and the C¢ynpanie5 Acl 2thJ6.
Aec¢>untlng poll¢5•s
a•1• of pr•par•tlon
The fina￿la1 gtstwnents h•v• been pryr•d th? hlstodcal eost bgsys. Th• financial
stateM￿ts are F¥epa￿ in sterfry, is tho functknn￿ vJrrtsr￿Y of Ihe entity.
Golny ¢onc•rn
Ourlng I￿ Covid 19 PaThl8mlr tyt• dwlty has Ixed ￿rfAC￿ts8S in ra￿r￿4 lunds to fin&nc8 thelr
cora aetwities and thi$ has been comF%*JThJed ty drtfieulyes in tho pasi of r8nling ovt unHs al
MO￿8th Raifv40y Stsfj¢￿. The Trustees ha¥• ITh place 8greem•nts wilh prosp8citv8 t￿aTht$ for the
let of Units wknich ShO￿d u￿reaSo 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.
Dl*elo•ur• •x•mptlons
Th• entsty sats"8fi*s Ihe criteno of b8iTh3 8 QUal￿￿j enbty as d￿Trod 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 comp￿Y.
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 an*￿nts 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 ay￿batIO 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 i￿O￿e funds or
eThJowmgnt lunds.
Incoming Msourc
All Income Is included in slalem•nt ￿ rinanckil actiwt￿s ￿en enb'yement has passed to the
charity, It 16 probable th81 Ihe e(*Jnomlc bonellts 8$sociated ¥￿th Iransa¢tJon ￿11 fk)w to the
charity and Ihe arnount can be fell8bPy Measu￿￿. Tho l¢Ylwng 8pe&fie p)Ik￿9 8re applied to
particukir cat8gori88 01 in¢¢yno'
- IrKLyn• trom donatkns or gran1$ is r•cwised tsre is evhl•nce of •nbdement to the gift,
r￿￿pt 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 aCt￿nts when recelve¢l If the
v#lue Gan b• 10f￿bty 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 ¢183sif*d a5 unreslrided fur41s unlo$s lh8￿ 1$ 8 ci)ntractu￿ requiromenl for il to
t* SFent on 8 particutsr purpos• and r8turr*d 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 eIg￿lfi¥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 C￿1$ costs r•tatiThJ to Ihe gob*marts of th• charity apportioned to Chan$a￿a
activrties.
other •XpOnd￿r0 indudes al èxpen(litire Ihal Is n8ither related to r81sing lunds lor the
¢harty nor part of ils expendthjre on chantatje advit￿.
I costs are alh)caied to expeThJilure calegones renecbng tha use ol the resource. Direct costs
attribut80k Io 8 actlvlty are allxated dtrecty to that actiwty. Shared Gosts are apportK*n8d
veen the ac*w'l*s tWcontiit#Jie to on a rea${￿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 i￿ti￿ty Igcorded at cosc 4rKJ 5ubsequenty stst¥d al o)st less any
3￿umUlated depTeci8tK)n and impalrnenl tsses. Any tarsfok a558ts calried 81 ￿vallIed
amounts are recortjed al the falr value at ￿ date of T￿￿1U￿tIon less any subsequent
accumulated dèpr8ckryti¢M ond sub5equenl a¢(JJMu￿ted bmpairnient b)sses.
Am incrgas• in tr*& Garryirg arnovnt of an assel as a m6uIt of a reVa￿atIon. 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 rOVak￿l￿)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>Jl*d so aB lo ￿lte off th• rml ￿ ￿a*JatIOn 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$8hold property
Fixturgs and fitb"rKJS
4% strai￿1 linè
4% slraw hn•
15% rethKlTrJ b￿fi
ImP￿rn￿￿t ol flx•d ••Mts
Al each balance Sheet date. Ihe cornppny the catyivj am￿nI ol ils langible fix￿ assols
lo deterniine %th•th•r Ihere 19 any indicaiion thal 8ny it•m$ have suff•r8d an irnpBirmgnl108s. 11
any ¥uch Indic8lb)n èxts, ltrrti rac0￿bI* amount of an 9868118 •stimat¢d ift ordor to detèrmlna
th8 •xtsnt rA th• [m￿1r￿ent kjss, rf any.
Fln•nci•l in•tThm•nts
A fIna￿l#l asset or a fin8ncl81 Wabl¥ty 18 T¥￿￿0ed onty the ￿tty b•com•$ • party ￿ tho
onlraclual provisions of ihe ir)slrVm￿t.
Ba61¢ financial instruménts we knltlaty at th• ￿)c￿nI 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 pa￿￿entS dkswunted al a markat rate of intgre81
f¢¥ a ￿milar debt ir￿trUM￿l.
CU￿nI a$¥13 eLWT•nt liab1t￿$ ar• subseq4Jently M￿y[￿l al the ¢g$h or other
c￿sIde￿lic￿ 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 contr1l￿t￿Jn 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 prOpayM￿l lead to a reduction in fvttsie Pa￿ents 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 ￿r￿jer 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 r￿G￿l 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 T￿1 FuTrd• Unreslncted Totsl Funds
FurKI$
2Q23
Fund8
2022
Co¥ts af ralslr¥J ¢Jty•tI￿5 and ltyad•G
8.734
8.734
1.898
1.898
9. Exp1nd￿￿T• on ¢h•th¥blt actfvltles tyfvnd lyp•
Unre5trKl￿Y
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 t￿ts
202.179
202,179
1,860
204.560
1,174
204.039
204.039
205,734
11. An￿￿1$ 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•nd￿U1*
Nel •xP8f￿1tWe 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#r*fits lor the w*Ntlng 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 Ir￿108$, 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
r￿1r￿J3
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 dele￿￿1 Incom
14,722
2,175
21.213
19.981
18.897
41,194
19. D•t•rr•d In¢om•
2023
2￿22
Amount del•rrod in
18.808
10. P•r••lon• and oth•f P￿t Th￿1￿m•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
Tan￿ts￿ 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 Su￿1191. 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 f￿nts￿l
Y•ar •ndod 31 March 2023
2023
2022
Exp•ndltur•
Costs of T*lslng donatlons and 1•g*cI•#
Arts and culture
Cs'nema project
5,287
3,447
1.030
868
8,734
1.898
Exp•ndltur• on ch*tt•bt• •cUvltl••
Wages and salarios
Pension costs
Esl8bli8hmenl costs and Rc4)m hire
Accountancy
Bank chan
Outsourcèd labour
profession￿ lee
Other DJsts
IlarketirwJ
ot￿r 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 SubS￿ptyC
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•nd￿Ul*
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
OUts￿Jr¢9j labour
profess￿￿81 fèes
Other cost$
Markgfyryj
Other rnolor and Iravol ¢osls
Mon4gem•nt and mainl•n8nc6
Telephon8
Posla9e, StrI￿)n8ryarrtr Photocopler
D&pYe￿Il0n
mem￿rship and sub$ry5pkn8
Rèp¥ir8 and mainionanc¢
IT costs
Annual gener81 meolirv4
22.218
388
46.975
21.768
206
9.257
1,2CK)
170
9.038
1,388
835
2,971
202
43,034
989
1,806
81,227
462
28.010
1,847
150
101
4,606
2.159
6.941
98
28,505
1.896
2,602
82,334
409
2.543
202,179
204,560
Govgin*nGO CO$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 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 ￿l￿t0￿ fty thè purFOS6S of cornpany law. pr￿n1 their report and tho
unaudited financkql statements ol the charty for Ihe year •nd8d 31 March 2023.
R•f8r•nc• and •dmlnhts*fv• dthlls
Roqistsf•d ¢h•rlty nwn•
Chatlty regl$tratloTh number
Greator Mtypèth De￿h)￿nent Tm$t Lvnffed
1117036
Cornp•ny r•glstratlon numb•r 05678236
Prln¢ip•l offle• and r•gl*t•r•d l B￿laM￿l Gre•n Hcw
offi
Coop1¢8 Lan•
m¢)￿lh
Northumberl
NE61 2SL
Th• tnJ#t•••
KM 81￿Y-wIlBon R•tir¢d
Edu¢•tson81 Prole8sK)nal
J H EdrnUThts￿ Plannirvj IRes43nod 12 Octob8r 20221
l*of6s$knal
F Rescbjno Rt¥r•d Cl*mlc
PrOf•s5￿n8
R J C Burrow Retrnl
M D Wflrs
K M Johnson
H R Brown
K E BC￿eT
O C Ric*ard$
IR•$igned 9 Msy 20221
{App)inted 9 May 2022)
IResgn•d 12 Ociob8r 20221
(A￿￿nI8￿ 12 OCto￿r 2022
COM￿nY 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•fir*d by the kt 2006.

Greater Morpeth Development Trust Limited
Company Limlted by Guarantee
Trustees. Anrbual Report (Inco￿lratln9 the Directorfs Rèport) {MtthnLwd)
Year ondod 31 March 2023
StrUc￿T4 gov•rnanc• arml man*g¢n*nt Icc￿￿1￿￿1
Gf6ater Morpeth Dov8kJpment Trust Ltmiled wll devek)p Morpelh to be a preM￿r m8rk•t to4bn in Nc
Ea81 England, prcmoting 8nd improvmg the and CountryJhle publtc benefrt, economic and
$ocMI w61￿Ing of peoplè liwng and thtrkirg In Mfypèth and its surrwdirw are83 of Northumberignd
Ihrough the promolion of urtjan and r•generab(￿.
The charity i8 require(I to report how * deals ￿1th lundraising I￿￿ the wblc. Thè charity does ng1 usg
professional fundraiser or cornmefo81 partKipator to rab5e fttnds. Any r4t5ed direct from th
publk fo*Jows all g¥￿e{Int$ out by th• Charity Commi*sp)n UK in ev8ry rèspect. We
respect thè privacy and c￿taCt preferar￿$ of al donors.
Thè Board, who gNg thaw Imne Iredy and r*) trust￿ roceriod romuneralK>n in the sE8r. havo
conS￿er*d 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 Opera￿n9 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 org8ntsal*ws 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 pro￿￿d increaso•.
The tJ)8ffl thèn a9￿ afiy uplffl to ￿m￿r￿all0￿.
Obl•elIv￿ and •dlvlll••
Gre•ter mort￿ 08vÉkPm￿ Trt￿l {GMDTI been In oxlsi•nc4 slneè 20C6 the dlverse fwige
of proiocls Ca¢r￿d out over lh• past y88fS ¢￿j nol tr+#￿ h8ppw*d wilhout th8 SLWPOrf ol OUT
parlnars. fundets and members.
GMDT have CC￿lin￿O￿ 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 actr￿t￿l of GMDT. Thls has bo•n &ch￿N￿d thr¢)ugh lh• 8UFPQrt ol 8 nurnb8r of fvnding br*Jkns
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.
Ra￿Y 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 pth1fo1￿j of quality p￿leC1S 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 webS￿e 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 Rai￿aY Stsknon has t*en 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 re*is8 the OPF%￿Unty of ieAuvÈnating a key asset lor
th8 to￿. Not onty dwj the prr¥ect rnin8tate a 11 buildiTha to tts I0￿￿tr glory tyJl
galeway to the Iw of whld) putyic can be prTrKJ. The fu￿lIng was only s¢cur¢(I to saf8guard
the fubJre of Ihe Grase 11 Llsted statlon lo wowd8 an entsrrfftse l￿b 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 ￿8￿8 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￿ $tstem8nts Lrf Greater Mor￿th Deveknpment
Trust Limited {Ihe charitll for Ihe yp8r anded 31 Marth 20tJ.
R•spon•lbllltl•s ond of r•pL¥rt
A• Ihe trustees of the company land afso fr*r th• PU￿ of cwipany lawl YDU 8r•
rgspMSib￿ for the pl•par￿lon of thè ststèrnents in acce￿an￿ wtra thè roquwwtont5 of Iho
Compan￿$ Act 20C6 llhe 2006 Act'i.
HBwirg $alisfiod m￿1 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 folhY**￿1 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 stat￿8n￿ do rnt acccrfd Ihos• rocord8'. or
tr*t hnandal stslements do not comFty with the acc￿lIng 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 v*w whlth
a matt•r ¢onwdor•d a8 part of an in(knperthl &x8minat¥)n', or
Ihe flnancial Atslem•n13 h￿0 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 chant*s pr•pJr¥ig l￿'r accounts in acCortlan￿ wilh the Financ￿1
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 exarninal￿n to
%thich attention should be drȥm in Ihis rewt in order tg enabl8 a propef understanding of the
accwnls to be re￿¢d.
MKhael W Rèèd
lThlepèndgnl ExamI￿r
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 rais￿g I1￿#tiC￿8 8nsJ
le9a¢l68
EXp￿dItur￿ 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 ff0￿a
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¢1vh￿S Int￿deS 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*¥¢ ffinancl*l ¥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 •nt*n8 31 March 2023 the tharty wa5 8ntiW to ex9rnpti￿ Irom audtt und•r so¢kn 477
the Companies Ael 2CYX8 rebling to smal ¢ompan￿S.
r•clcKs' respjnli￿l￿0S".
Thè membws ha¥e r#)t r•quired th• compary to obtsin an aLNI6t of its fmne1￿ $18lernents thè
yp•r In qu•Jkn in a¢crydarKo 476.
Tke dirÉctors ￿kn￿re￿9• their resp￿.￿￿6 for ¢tynF4Iir4J wilh th8 rowhmfrnts of th8 A¢t
lth r￿pect to accoun￿.￿ I￿￿r¢I$ and prgpar•kn ol flnanck￿ 6talgmerf8.
T￿Se finat)cki1 stalements haw wepared in provyah￿8 app￿Cable to
Lxmpani&s $ubiect lo the sm41 companie8, regim•.
Thes• fl￿a￿Tal 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
•ADW￿S
Trt￿t0
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￿ ber￿fit èntity a wivate cOMp￿Y 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 Gr￿n Hw5e. C¢* Lanè, Wrpgth. NOrthurnber1￿. NE612SL.
$t•t•monl of conyllanc•
These fw)antyal statem￿ts have ryeparnd In CoM￿l8￿Ce FRS 102. 'The Fin8tKial
Rewjrting Siandard applicab￿ UK and thè R8PUtAK of Irdand., the Statement ol
Recomrn•ndod Pr8Ctw aptdicatjlè to dwrtbes preparin9 they accovnt$ ffi accDrd3nc8 %%ith the
FiThgnct?l RepNtiThJ Stsndard app￿Cab￿ in the UK antt R•putdK ol I￿TrI IFRS 102) Ichèribes
SORP IFRS 10211 and the C¢ynpanie5 Acl 2thJ6.
Aec¢>untlng poll¢5•s
a•1• of pr•par•tlon
The fina￿la1 gtstwnents h•v• been pryr•d th? hlstodcal eost bgsys. Th• financial
stateM￿ts are F¥epa￿ in sterfry, is tho functknn￿ vJrrtsr￿Y of Ihe entity.
Golny ¢onc•rn
Ourlng I￿ Covid 19 PaThl8mlr tyt• dwlty has Ixed ￿rfAC￿ts8S in ra￿r￿4 lunds to fin&nc8 thelr
cora aetwities and thi$ has been comF%*JThJed ty drtfieulyes in tho pasi of r8nling ovt unHs al
MO￿8th Raifv40y Stsfj¢￿. The Trustees ha¥• ITh place 8greem•nts wilh prosp8citv8 t￿aTht$ for the
let of Units wknich ShO￿d u￿reaSo 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.
Dl*elo•ur• •x•mptlons
Th• entsty sats"8fi*s Ihe criteno of b8iTh3 8 QUal￿￿j enbty as d￿Trod 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 comp￿Y.
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 an*￿nts 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 ay￿batIO 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 i￿O￿e funds or
eThJowmgnt lunds.
Incoming Msourc
All Income Is included in slalem•nt ￿ rinanckil actiwt￿s ￿en enb'yement has passed to the
charity, It 16 probable th81 Ihe e(*Jnomlc bonellts 8$sociated ¥￿th Iransa¢tJon ￿11 fk)w to the
charity and Ihe arnount can be fell8bPy Measu￿￿. Tho l¢Ylwng 8pe&fie p)Ik￿9 8re applied to
particukir cat8gori88 01 in¢¢yno'
- IrKLyn• trom donatkns or gran1$ is r•cwised tsre is evhl•nce of •nbdement to the gift,
r￿￿pt 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 aCt￿nts when recelve¢l If the
v#lue Gan b• 10f￿bty 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 ¢183sif*d a5 unreslrided fur41s unlo$s lh8￿ 1$ 8 ci)ntractu￿ requiromenl for il to
t* SFent on 8 particutsr purpos• and r8turr*d 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 eIg￿lfi¥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 C￿1$ costs r•tatiThJ to Ihe gob*marts of th• charity apportioned to Chan$a￿a
activrties.
other •XpOnd￿r0 indudes al èxpen(litire Ihal Is n8ither related to r81sing lunds lor the
¢harty nor part of ils expendthjre on chantatje advit￿.
I costs are alh)caied to expeThJilure calegones renecbng tha use ol the resource. Direct costs
attribut80k Io 8 actlvlty are allxated dtrecty to that actiwty. Shared Gosts are apportK*n8d
veen the ac*w'l*s tWcontiit#Jie to on a rea${￿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 i￿ti￿ty Igcorded at cosc 4rKJ 5ubsequenty stst¥d al o)st less any
3￿umUlated depTeci8tK)n and impalrnenl tsses. Any tarsfok a558ts calried 81 ￿vallIed
amounts are recortjed al the falr value at ￿ date of T￿￿1U￿tIon less any subsequent
accumulated dèpr8ckryti¢M ond sub5equenl a¢(JJMu￿ted bmpairnient b)sses.
Am incrgas• in tr*& Garryirg arnovnt of an assel as a m6uIt of a reVa￿atIon. 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 rOVak￿l￿)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>Jl*d so aB lo ￿lte off th• rml ￿ ￿a*JatIOn 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$8hold property
Fixturgs and fitb"rKJS
4% strai￿1 linè
4% slraw hn•
15% rethKlTrJ b￿fi
ImP￿rn￿￿t ol flx•d ••Mts
Al each balance Sheet date. Ihe cornppny the catyivj am￿nI ol ils langible fix￿ assols
lo deterniine %th•th•r Ihere 19 any indicaiion thal 8ny it•m$ have suff•r8d an irnpBirmgnl108s. 11
any ¥uch Indic8lb)n èxts, ltrrti rac0￿bI* amount of an 9868118 •stimat¢d ift ordor to detèrmlna
th8 •xtsnt rA th• [m￿1r￿ent kjss, rf any.
Fln•nci•l in•tThm•nts
A fIna￿l#l asset or a fin8ncl81 Wabl¥ty 18 T¥￿￿0ed onty the ￿tty b•com•$ • party ￿ tho
onlraclual provisions of ihe ir)slrVm￿t.
Ba61¢ financial instruménts we knltlaty at th• ￿)c￿nI 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 pa￿￿entS dkswunted al a markat rate of intgre81
f¢¥ a ￿milar debt ir￿trUM￿l.
CU￿nI a$¥13 eLWT•nt liab1t￿$ ar• subseq4Jently M￿y[￿l al the ¢g$h or other
c￿sIde￿lic￿ 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 contr1l￿t￿Jn 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 prOpayM￿l lead to a reduction in fvttsie Pa￿ents 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 ￿r￿jer 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 r￿G￿l 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 T￿1 FuTrd• Unreslncted Totsl Funds
FurKI$
2Q23
Fund8
2022
Co¥ts af ralslr¥J ¢Jty•tI￿5 and ltyad•G
8.734
8.734
1.898
1.898
9. Exp1nd￿￿T• on ¢h•th¥blt actfvltles tyfvnd lyp•
Unre5trKl￿Y
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 t￿ts
202.179
202,179
1,860
204.560
1,174
204.039
204.039
205,734
11. An￿￿1$ 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•nd￿U1*
Nel •xP8f￿1tWe 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#r*fits lor the w*Ntlng 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 Ir￿108$, 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
r￿1r￿J3
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 dele￿￿1 Incom
14,722
2,175
21.213
19.981
18.897
41,194
19. D•t•rr•d In¢om•
2023
2￿22
Amount del•rrod in
18.808
10. P•r••lon• and oth•f P￿t Th￿1￿m•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
Tan￿ts￿ 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 Su￿1191. 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 f￿nts￿l
Y•ar •ndod 31 March 2023
2023
2022
Exp•ndltur•
Costs of T*lslng donatlons and 1•g*cI•#
Arts and culture
Cs'nema project
5,287
3,447
1.030
868
8,734
1.898
Exp•ndltur• on ch*tt•bt• •cUvltl••
Wages and salarios
Pension costs
Esl8bli8hmenl costs and Rc4)m hire
Accountancy
Bank chan
Outsourcèd labour
profession￿ lee
Other DJsts
IlarketirwJ
ot￿r 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 SubS￿ptyC
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•nd￿Ul*
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
OUts￿Jr¢9j labour
profess￿￿81 fèes
Other cost$
Markgfyryj
Other rnolor and Iravol ¢osls
Mon4gem•nt and mainl•n8nc6
Telephon8
Posla9e, StrI￿)n8ryarrtr Photocopler
D&pYe￿Il0n
mem￿rship and sub$ry5pkn8
Rèp¥ir8 and mainionanc¢
IT costs
Annual gener81 meolirv4
22.218
388
46.975
21.768
206
9.257
1,2CK)
170
9.038
1,388
835
2,971
202
43,034
989
1,806
81,227
462
28.010
1,847
150
101
4,606
2.159
6.941
98
28,505
1.896
2,602
82,334
409
2.543
202,179
204,560
Govgin*nGO CO$t•
Governanc• co$ts- accourt•ncyf••s
1,174
Exp•ndltur• on ¢h•r11￿￿
,039
205,734