COMPANY REGISTRATION NUMBER: 056Y6236 CHARrrY REGISTPATIOII NUMBER: 1117036 Greater Morpeth Development Trust Limited Company Limited by Guarantee Unaudited Flnancial Statements 31 March 2024 Northumberland ACCOUNT ANTS Russell House, Greenwell Road, Alnwick, Northumberland NE66 1 HB
Greater Morpeth Development Trust Llmited Company Llmitod by Guarantoe Financial Statements Year endod 31 March 2024 Page Truslees, annual report (incorporating th8 directoffs report) Independent exarniner's report to the +rustees Statèmerit of financial aclivities (including income and expenditure account) Sl2tement of financial position Notes to the financial statements The followlng pages do not fomi part of the financial statamenl Delail8d statoment of financial activities Notes lo the detailed statement of financial actimties 18 20
Greater Morpeth Development Trust Limited Company Limited by Guarantee Trust888' Annual Report (Incorporatin9 the Dlre¢torfs Report) Year ended 31 March 2024 The Irustee5, who are also the threciors lor the purposes ol MpanY law, present thetr report and the unaudited financial statements of Ihe Charity for the year ended 31 March 2024 Relerence and adminlstrativ¢ delalls Regl$t0d charity name Greater Mofpeth Davelopmenl Tnjst Limi18 Charlty Te9iStration number 1117036 Company reglstralion number 05676236 Pfinclpal offl¢• and r•gistered 1 Benjamin Greep House office Coopies Lane Mtsrpelh Nt>rthumbeTland NE61 2SL Tho trust•es KM Blbby-wilson Retlred Ethc8tlonal Profe>sional F Rès¢w RetlTed Chemical Pfofes$ionBI R J C Burrow Refired M D Willis H R Brown D C Richards (Resigned 7 May 2024) Company socro MO Willis Irhdependent •xaminer Michael W Reed Russoll Hous& Greènwell Road Alnwick Northumberlgnd NE66 1HB Stru¢ture. governanc• and m¥n#g¥ment The charity is conlro119d by it5 governing document. a deed ol trust. and ojnsttiutes a limiled comp8ny, lirnited by guaranL88 as d9finèd by the rnmpanres Act 2IX)6. Greater hAorpelh Devèlopment Trust Limited will develop kk)rpeth to be a promier rnarkel lown in North East Englar)d, promoling and impf(win9 the lown and Cowlryside for public benefrt. econom and soc131 wdkbèing rf people living an¢J working in Morpeth and ts surrounding areas ol Northumb8rland through thc prgmotion of vr¥an ruial regeneration.
Grealer Morpeth Developmenl Trust Limited Company Llmlted by Guaranlee Trustees. Artnual Report (Incorporating the Directorfs Reportl fcoKtlnue Year gnded 31 March 2024 Strncttsro. govornancè and managemant Icontfj#uedJ The charity is wuired to report hw il deals wlh fundralslng from the pubhc. Th• charity does not use prof8ssKJnal fundra55er or commercial participatc to raise lunds. monies ralsed direct Irom the publk foltthvs all gu1(Jelin sel out by the Chwity Commis51or) and UK law in every respect. We respe¢t the pmfacy ond Con1¥ pr¥fenceS ofall donor¥. The Board. who giv6 their time fr98ty and no trusle¢$ we1V remuneration in Ihe year. have considered vtho the Key Managemenl P8rsonn81 {KMPI of the charity are. Togelh8r with ihg board, these KMP dre Ihos8 in charge ol direcling and emlidling, runrmrny and opérabng Ihè aclivitios of iho charity on a day to day basis. The pay of KMP is reviewed 8nnually and noimally increased in ac0)rdan with average earnings. The truslees benchmark agairist pay levels ol olher chariti'es and 51mdar arg8ni$8trf)n$ within Ih soctor and tho regtin. Pay levels a sÈt using thls Infom)ation together with the budget and forecast Informan, 8nsurry that the tharity can aflordir79 proposed tncroases. The board ihon agrèe any uplilt to femuneTab"m. Objectiv¢s and 4etivitiOS Greatèr Morpeth Oevelopmenl Trust (GMDTI has been in existence since 2006 and the div8rse ran98 of proiecls C8rried OLrt over the pasl Ihirtoen yoars could not have happened withxrt the support of our rtner¥, funders and rnembeTS. GMDT h8ve ctlntinued their objecjive of developing partnership networks thraugh faclhtatK)n to dave iniliatSves ond thfough tho skim bas¢ in the team $dding value where ever possrfjle lo make Mcvpeth a qualtty plabe to INe. GMDT have developed a p011? of projects to delivèr Ihese aims and obiectlves the major ¢apitsl scheme5 which have befitted th¢ town inclu¢Je th¢ the redpvolopmgnl of Morpeth Tovm Hatl and orpelh RaIaY $talson which generated d&veltspmenl 0m& and sustsinable income to supporl the activities gf GMDT. This h8$ been athleved Ihrough the support of a number of fundlng bodle$ who havt iiiveste(5 in the vision to eve1? key publ assets wtllln bkJrp8lh - the ¥1 funders lir)g Heritaoe Lottery Fund. Netwoth Rall. Northern Tralns Limiied, Northunilrtand County Council, R8iNvay Heritage Trust and North Easl Rur81 GrO%h Network. Achiev2menl$ and performance Thg exi$llng st8ff team is made up or 2 pari *me membèrs supportéd by a range of professional ossociates lo aeliver a portfolio of QualY proiocls and Ihrou9M engagirrfJ vohJnteers' SUPPOrt and slrong partnership working we work to mainiain our level ol SerVe and delsvery for the benefi't of Morwh. More detail about the activities dun9 the year and photographs and teslimonials of the prolects can be seen on our websrfg www.gmdt.nel and a180 wittrin our Annual Report.
Greater Morpeth Development Trust Limited Company Llmltsd by Guaranteo Trustses. Annual Report (Incorporating the Dlrectorfs Report) Yoar ended 31 March 2024 Flnanclal r•view Morp8ih Railway Slatth has taken over seven y8a¢s from inception lo CoMp10n and has been 8 major undertaking for a Charty of our yEz& ond could Th)t havè been delker8d wrthout the support 018 portfol of rr9 vtho prwded the ¢apilal lo reallse the opporlunlty of iejuvenat•vJ a key asset lor the towr). Not only did tho pro11 reWlate a gr11 Ilstsd bUIldk lo Its formèr glory but provKJe$ a gatthvay 10 the town of whKh the publ1¢ can be proud. Thè funding was Thjl only secured to safegutsrd thè future of the Grade11 Ustèd stsb'on bul tt) provide an entefpfiso hub for Small businesses as well as creallng a stale of the art ticket oifke. and prcvlde modern fa¢llrtie5 for todays iail tJserB such as new toilet5. The occupallon ol untts In the offl¢e sulle 11 probhd8 an income stream for GMDT whth shall suslain the Charlty in future years atK1 enable further ptjblto Iknefil lo be realised. Small wmpany proviglons This report bèen prepared In Accordan the provisions applubFts lo a)mpanies entilled lo Ihe ¥m¥Jl ¢ompani¢¥ ex¢mplK)rF. The tru8188s' annual rewi was approv80 on 21 Spplembgr 202 trustses ty. ands [dn of thè board of R J C Burrow Retired Tru$teo D Wil$ Trustee
Greater Morpeth Development Trust Limited Company Limited by Guarantee Indep8ndent Examinerfs R8POrt to the Trustees of Greater Morpeth Development Trust Limited Year ended 31 March 2024 I rèport lo the trustees on my exarnnation of the fiDanct31 statemfjnls of Grèater Morpelh Development Tr81 Limrted I'the charity.) for year etmlett 31 March 2024. Responslbilltles and basls of repjrt 8 the IfU5kes of the ccnpany latyj also rts ditorS for the putposes ol MpanY law) you are rOSPODsiblg lor the preparation ol Ihe flnan¢ial stslemenls in ac¢ordanca with the requiremerits of the Companies Ad 20061'lhe 2{ Acri. aving salisfied my¥ell thal thg accounls of th¢ company are not wuired lo be oudiled undor Part 16 of the 2006 Acl aThJ are el(gibkg for indep8ndènl examination, I r8porl in respect of my exèmination of the charrty's accounts as carld out undèr $Èction 145 01 thè Charitses Act 2011 rthe 2011 Au'}. In carrying OLrt my èxaminab.on I have tollovied the Oirecllons 95V8n by the Ch8irfy Commissfon under seckn.on 14515llbl of the 2011 AGt. Ind¢pendent examinerfs statement I have Gompleled my examinallon. I confirm thal no maiters havè eomÈ to my attentK)n tn ¢onwtion wilh the exarninalion gNing me cause to believe.. aCUting ¥8cords we not kept in respecl of the charity as required by section 386 of the 2006 Act.. or the financial statamènis (k) nol accord with those Cords", or thè flnancial stal8m8nts do not comply wilh the 8C¢OWlting wuirernenls of s8cbon 396 of the 2006 Act olher than any reouiremg71 that the accounts gi¥E a 'tru& and fair. view whith is noi a maller considered as part of Bn indeper)dent ex8minalion.' or the finBnch?I slatements ho not been prepared in accord8n¢e WiLh thg melhod5 and princip1è5 of the Slatemenl of Recommended Pracllce lor accounting 8nd ieporting by ¢hgrrties appI¥ble to ¢h8ri*e& p14partng their aG¢OUnts In accordance wlth the FSnanu31 Reporting Standard applicable in the UK and Republic of IrelarKI {FRS 1021.
Gréater Morpeth Development Trust Limited Company Limitad by Guarantee Independent Examlnefs Report lo the Trustees of Greater Morpeth Developmenl Trust Limited (¢orttfn4e#J Year ended 31 March 2024 I hgve no concerns and have come across no olh8r matters in conn8¢tion wllh me examinaik)n lo which artention should be drawn in this report In order lo enable a Proper understaKling of the a¢wn15 to be reache(*. Mithael W Reed Indepen¢Jent Examiner Russell House Grèenwell Road Alnw¢ck NOrtmber18nd NE66 1HB 21 S¢plember 2024
Greater Morpeth Development Trust Limited Company Limited by GuaranteÈ Statement of Financial A¢livities (including income and expenditure account) Year ended 31 March 2024 2024 Restticted furKls Tot41 lund$ Totsl fund5 2023 UnrestrKted funds In¢ome and endowmonts Don&tn8 and legacles Other tradlno aeti¥ities Other income 2,788 10.065 55.451 7,910 10.698 10.065 55.451 10.148 14.871 21.344 Total Income 68.304 7.910 76,214 46,363 Exp9ndIre Lxpendibjre on raisino funds" Costs ot raisiroJ ¢Jonab'cs and ltsyacies Expenditure on charltabla activilles Toial ¢xpendilure 1.301 29.912 31.213 1.301 195,916 19T.217 8.734 204,03S 9.10 166.004 166,004 212.TT3 Nèt ¢xp¢nditurÈ and not movement in lunds 37.091 1158.0941 1121.0031 1166.410) Reconciliation of funds Total funds brought forward Tth•l funds carrfjed fon¥ard 15,286 52,377 1.775,032 1.790.318 1.956.728 1.616.938 1,669,315 1.790,318 Tho stal&rnèni of financial activiUe5 includes all gains and losses r¢cognisoQ in the yg8r All incun8 and expènditur& derive Irom continuing activities. The notes on pages 8 to 16 fofm part of th880 Ilnanclal statem•nts.
Greater Morpeth Development Trust Limited Company Llmltèd by Guarantso Statamont ol Flnancial Positlon 31 March 2024 2024 2023 FIX ass•ts Tangibkn fixed assets 16 1.660,326 1.741,433 Current assets D8bloFS Cash ai bank and in hgnd 17 4,135 61.647 52,356 52.356 65,782 CredltOfS: amounts falling du• TAlthln on• ya¥ Net current ass•ts 18 43.367 16.897 8,989 1.689.315 48.885 1.790.318 1.7SYI.318 Total a5s•ts currenl liobFli¢i•$ N•1 ass•ts 1,669.315 Funds ofth¢ ¢hJrfty R•std¢ted funds Unrestricted funds 1,818,938 52.37T 1,775.032 15.286 1,790.318 T¢)tal charlty funds 1.669.315 F( the year ending 31 March 2024 the charity was enhlkd to ex8mpUon from audft under seclh)n 477 of. the Companies Act 2008 relating to small companN85. tlireGtors' fvsponsbilI@9'. Tho mernbers have not rewSred eompxny to obtain an audll of Its fincio1 ststements for the ar in quostlon in xcordance Tmlh section 476.. rh& directors acknowledg8 their re8wn8iJililies ftjr complying wilh tho requirernents of the Act with reycl to aCcnting rocord$ and the prep8ratiDn offinanoal statamants. These financial statements have been prepafed rn accofdance wlh the provis[(3 applicable to cornpanies subject to the small companies. regfime. These linarla1 ststements were approvèd by thè Im[ ol trustees a SeplemW2024. ?j are srgned on behaf of the board ty. IriSed for issue on 21 R J C 8LKrow Rotired Ttee M D Willi Tntste The nolvs on pages 8 to 16 fovrn part ol those IEnancl*i staternents.
Grealer Morpeth Development Trust Limited Company Limlted by Guarantee Notes to the Financial Statements Year ended 31 March 2024 Gonoral Infom14tion The chadty is a public benelil enlily and o privato company limitsd by guaranieè. registeiBd in England Wales 8nd a registered charity in EngLqnd and Wal65. The address of Ihe regist¢re(I offre is 1 Bfrryamin Green Houso, Coopies Lane. Morth, Northumberland, NE612SL. Statement of compllanc• TIEse finarKial statements have been Pfepared in compliai)ce with FRS 102, The FbnanGial Reporhng Siandard ¥plicade in the UK ar the ROpu1C ol Irèland.. th8 Ststgmeni ol ReMrnended Proc •ppli¢able to charities preparin9 Iheir accounts In accofdance with th¥ Flnand¥l Reporting Stand8rd applirable in the UK aThJ Republic of lleland IFRS 102} {Charilies SORP IFRS 102)) end ¢he Companies Act 2006. Accourfing policies 8è8is ol preparalion The flnanci81 stateinents have been prepared on the historical cost bagis. Tho financtal stst8m8nts a piopared tn ste¥lin9. which is the furonal currency of tho eniity. Golng ¢oncern Ourlng Ihe COVHI 19 Pandèmic the charity has faced difficultios iii raisiThJ lunds to linance their core actiwlie3 and ihls has bèen C4)mpound&d by diffthliles the past of renting out unrts at Morpeth RaIaY St8tion. The Trustees hav in pce agreements wilh prospective tenants for the lel of Units which should intre8se iOrne io a level which cov¥r COF Costs. The Trusiees have piodu¢$d budgets for the MIng year which show thal fundlng is pected to b8 in place f(K iho next 12 months. Therolore the Charily contlnues to operaie as a going concern. Dlsclo8uw• •x?mpllons The elliity sotisfles the ¢Jileria of beiThJ a quolifyiny endty ag deflned In FRS 10. As such, advantage has beon taken of the following disclo¥ure eMptIonS available under p8ragraph 1.12 of FRS 102: {a) No cash flow sial¢ment has been present¢d for the company. Judg•monls and key Sources of estlmallon un¢ertainty The prep8r&lion ol the financial st*emenls treS management to make I398mentS. estsmates and assump¢ion$ that afiect the amounts reportgrl. Those estirnales and jvdgernenls are continually r8vieMI and are based on experien and c¢ther factors. incluoing expeclal¥)ns af future events thal are believed to be roasonable under ihe circumstancès.
Greater Morpeth Development Trust Limited Company Limited by Guarantee Noles to the Financial Statemgnls i¢w•tlnu8d} Year ended 31 March 2024 Ac¢ouniing poll¢lè# {continuodJ Fund •¢e¢Uttting Unrestricted funds are avalable for use ai th8 discretion of the Irustees to further any of tha ¢hariWs purpo$8S. Restricted funds are subjected to reslrfctbns on rheir tsxpendilure declar8d ty the (knor or through tho terms of an appèal, and fall into ono of two gub-G18sse$.' resiri¢ted income funds or eTrJDwmenl funds. Incpming re$ourcoS All incomg is inGluded in the statement of linarbcial advith'es when enti1Ment has passed to the charlty, il is probable Ihal Ihe e¢onomie benelit5 associébted with thè transaciion will Ifow io ihe charily and Iho amounl c3n be rdi8bly measured. The followlng $pecifte POIlaS 3r8 applièd to p8rti¢ulBr rategories of inccm¢'. income frn dimptions or g(anis is recconisod YJhen th8r8 is aVnCe ol knUement to the g receipt is probable anrl Its amount can be measured reltably. Incomo from donatod goods Is mèasured at the fair value of tha good3 unles3 this 15 ImpraclKal lo measure reliably, In which ¢ase Ihe vahje is dersved from the ujst to the donor or Ihe esfjmate(I resale walue. Donated facililEs and sgNicas are recryJnigod in the 8ccounts when received If the value can be reliably Measur1. No amounts are indud¥J for the conlirfouiion of general volunteèr$. income from contracts for the supply of services is recognised wrfh the delivery ol the contracted setvic¢. This 1$ dassified as Unrestrtèd lunds LesS there Is a contractual requlremènt fw It to be spent on a partlcular purpose and relurn8d il unspenl. in which case it may bo reg8rd&d as reslrtcted. Rtrsoureo •xnded Expenditure is recognlsed on an gceru8ls basi8 as a li4bilily 18 incurred. Expenditure Inc1¢S any VAT whlch cannot be fulty recovered, and is classified undw headh9 of Statement of financial dctivilies lo whth il r&lales'. èxpènditur& on raisy¥J ftnds includes the costs of all fLtndraising aclivilies, events. non- haritable tradiThJ actiknities, Jnd the sale of d¢)nated goody. expenditure charilable activilies indud95 all c051$ in¢urred by a charty in undertakiro actlvitl&$ thal lurther its ChaIrtab aims for the benefit ol its benolici8ries, including thuse support costs and costs feming to the governar of the charity apportlon8d lo charitable 8elivili&$. olher expgndittFre includès all expenditure thai ts neither related lo ra¥ging funds for the charlty nor part of iE5 expendrtLtre on ch8rilable adivilies. AJI cosls arè allocatad to expenditt*e cBlegorie5 reflecting the usg ol th¥ resource. Direct o)sts aitributable lo a single a¢llvity aro allocaled (Jlra¢lty lo that 8¢1ivity. Shared cosis arè apportiortèd beiween the 8cliv11ies th8y contrfjbule to on a reasonablè. justifiable and eonsistènl basis.
Greater Morpeth Development Trust Limited Company Llmited by Guarantee Notes to the Flnancial Statements (¢ortinudJ Year ended 31 March 2024 A(xounting polici95 Tangible assets Tangible assets are initially recOrj al cost. and 5ubsequen14y sta8d at Cost less any accumulated dewecialion and impainnent losses. Any taruible assels carried al revalued amounts are rècorded al tha frair value at Ihe date of revaluation less any subsequent accuniulaled depreciation 8fid $ubsègu&nt aLWnUlal irnpairmenl h)sses. An increas0 In ihe caffying amount of an asset as 8 81t of a ravaluatn. 18 QCC•an"'sed In olhgr recognised gains and losses, wless it reverses a charge lor impairmenl Ihal ha8 previou¥ty b¢en rerngnised as expeIllUre within the stalemenl of financlal Acbvities. A decrease In the carrying amouni ol an assei as 3 r&suM ol revaluati, is recognised In Olher recognised galns and lossès. exté to which il ¢Jftsels any wevious revaluation gain, in whlch ¢aso the loss 13 shown wilhkn other rÉcogni5ed gains atKI b¥¥es on the ststemoni of linancial xiivitles. Ijopfoclation Dopreciaiion is calculated so as to wile off Ihe 31 or vaiuallon of an asset, l&ss Its resKlual Value. over th8 U8elul econorn life of tr,al assBt as folbws.. Lon9 leasehold Railway Devek)pmont Short leasehold propwty Fixturc5 and fitting8 40A straight line 4% stralohl Ilne 1 Sokn reducii)g baknce Impairmenl of ¥t as$ois At each balance Sheet date, the conipany revws the cairying amount of its tsngible fixau assets to detem11 whether there is any iThJicJtton that any items have suffered an irnpairmenl loss. K anv such in(liCatn exits. the rec(werable amount ol an asset is estimai2d in ord¥ to dtst¢miine the xiant of the impairment knss. rf any. Financial instrument5 A fin8ncia asset or a financial liability is reGognised only when the entily beME5 a party IL) the ¢(Xltr8Ctual provi%ions of thg instwment. Basic financial InsiNments ar8 in¢D811y iècognistsd al the amount receivable or parable w)cluding any rèlated IrsnsaGllon cosls. unless the rangemeni constiiules a financing iransacuon. wherè it is recogiised al the present Value of the future p8ymenis d19countod at a market rate of interest for a similar debt instnjmeiit. Current ass$ an¢J curronl liabllities are Sth8e4n1IY measwed at Iho cash or other consideIl0n expected lo be paid or e1Ved and not discouni io
Greater Morpeth Development Trust Limited Company Limlted by Guarant88 Notes to Ihe Flnancial Statements (eoththuod) Year ended 31 March 2024 Ac¢ouniing polici•s {conNt)UOLII Oefined contrlbution plan$ coniribub.ons to defined conlributson plans are recognised as an expènsè in in which the relalerj servite is providèd. Prepaid contribuliorks are recognised as an asset to Ihe exi8nL Ihat Ihg prepaynI wll lead lo a reduction in future payments or a cash refvnd. hen contributlDns are nDt eypected to be saldj hthin 12 mDnth5 01 the end of the reFN)rtsng d8te in which the employ render the related servTtte, the liability measur1 on a discounled presenl valu8 basis. Th8 urwinding of the discount is recognised as an exp8ns& in Ihe period in hich it 8rr3es Limit by guarantee Greater Morpeth Developm8nt Trust Limileu is a limited company limiled by guaraniee and 6¢¢0rdingly th)es not have a shara capiial. Every mgmbpr ol the ctsmpany undertakes lo contribute such an 8mounl as mgy be r&quirèd nol exceediThJ £1 to the assèts of Iho charitsble company in th8 event of Il belng Myjnd up while ha or she Is a member. cy wthin one year aflor he or she ceases lo be a member. Donatlons and legxles Unrestricted Funds Restricted T4>ts1 Funds Funds 2024 Donatlons Railway Station ProjeGI Cinern3- Arts Culbjre B(x)k restival - Aris and Cultijro PiGTr- Arts and Cutture Theatre Tickets- Arts an¢J Culturè 4.064 3.571 275 4.064 3,571 275 2.788 2.788 2.788 7.910 10,098 UnreStrted Funds Restricted Tolal Fvnds Funds 2023 Donations R8ifv4ay St81ion Proje¢l Cinema- Arls and Culture Bk Festlval- Arts and Cultur¢ PICn- Arts armj Culture Theatrè Tickets - Arts and Culture 5.800 5,800 4,348 4,348 5,800 10.148 11
Greater Morpeth Development Trust Llmlted Company Limited by Guarantee Not85 to the Financial Statemenls (¢ontintwed) Year ended 31 March 2024 11. Any$l$ of support cosls Analyws of SL+PPOrt CO515 3cts.vity 1 Total 2024 Total 2023 Governance Costs SUprt ¢o¥t3 . Other costs 1.607 176,840 1.607 176,840 1.860 202,179 204.039 178.447 178,447 12. Net expendltur Net expendiiure Is 51ated 8118r charginolicrediting}.' 2024 2023 Depreciation ol tangible fixed assets 82,212 82.334 13. Independent èxarninaLion fees 2024 Fé85 paya to the independèni examiner frA.' lThfependont examlnatlon of the financial statements 1,606 14. Staff costs Tho lolal staff c05*5 and employee b&nèfits for the reporting pericxl are onalyscd as follows". 2024 2023 Woges and salarps Emplo contribulions lo pensron plans 24,845 954 22,216 388 25,799 22,604 2024 No. 2W23 NumtrAr of stafl- parl lima No employet received employee benelils of more than £60,(KJO during the year12023.' Nill. Is. Tru$tso remuneration and expenses There were no truslees. remuneralion or ¢Aher beneflts lor %he year en¢Jed 31 March 2024 or 2023. There were no trustees. expenses paid for Ihe ye8r Ond 31 March 2024 or 2023.
Greater Morpeth Development Trust Limited Company Limited by Guarantee Notes to the Financial Statefflents 1cLtIn9d) Year ended 31 March 2024 16. T0A9ible fix¥d as$et5 Long leasehold propèrt Raihvoy statiDn Short leasehold Fixlurgs and property fittings Tolal Cost Al 1 April 2023 A(klilions 2,033.449 7.905 15,154 1,105 16,259 2,056,508 1,105 At 31 March 2024 2.033,449 7.905 2,057.813 Dgpreclatlon Al 14)rll 2023 Charge for Ihe yeJr At 31 Mar¢h 2024 297.662 81,338 7,905 9,508 874 315,075 82.212 379,000 7,905 10,382 397,287 Carrylng amtsunt At 31 March 2024 1,654,449 1.735.787 5,877 6.646 1,660.326 At 31 March 2023 1.741,433 17 0obtor$ 2024 2023 Trdde tteblors Prepayments and aLYrued income Other deblors 1.150 453 2,532 4.135 18. Credltors: amounts falllng due within on• yeJr 2024 2023 TTrde creditor¥ Accntsls and d8ferred Income SociBI Security olhor taxes *&r ¢redilors 5,603 24.941 221 12.602 14.722 2.175 43.367 16.897 14
Greater Morpelh Development Trust Limlted Company Limlted by Guarantee Notes to the Financial Statements {èoiilinuocI) Year ended 31 March 2024 19. Deterr•d Income 2024 2023 Amount (Sefarred in year 3,(KJO 20. Penslons and ¢ther post retlrement benefits Deflned contribytlon plans Thc amount recognised in *)¢ome expendilure as an expense in relalic•n fr) defined c()ntribution plans was £9S4 (2023: £3881. 21. Anaysls of charftablo funds Unr•$trlGted funds At 1 April 2023 Inwme Expenditure 31 March 2024 G•neral funds 15,286 68,304 (31,2131 52,377 At l Apr 2022 In¢ome Exp8rKliture 31 March 2023 Ganoral lunds 5.549 40.563 (30,8261 15,286 Restrtctèd tunds At 1 April 2023 At Income Expenditure 31 March 2024 R8sIncl Fund 1,ns.032 7,910 I186.4) 1.616,938 1 Apnl 2022 Income Expenditlre 31 March 2023 Restricted Fund 1,951.179 5,800 1181,9471 1.775.032 15
Greater Morpeth Development Trust Llmlted Company Limited by Guaranlee Notes to the Fffinaneial Statsments (eotttlnu•d) Year ended 31 March 2024 22. An•lysi5 of not a$set¥ betw••n funds UnrerI¢tBd Funds Rèstrlclèd Tolal Fund$ Funds 2024 T8n9ibl& fixed assets rent assets Creditors less In l year Net aS5éts 2.777 52,358 2.7561 52.377 1.657,548 1.660,325 52,356 143.3661 1.669.315 140,6101 1.616,938 Un$1[11+ Funds Resirict8d Total Funds FUNJS 2023 Tangible fixed assets Current assets Cr8dili¥s18ss than 1 year Net assets 1,999 15,319 <2,032) 15,286 1.739.434 50,463 114,8651 1 775,032 1,741,433 65,782 116.897) 1,790,318 23. C4)nb"ngenciès The charity Is in di8pule wlth a SUpplr. the amount ol any liability or 85sel can not be quan11f at the year end. 16
Grealer Morpeth Developm8nt Trust Limited Company Limited by Guarantee Managament Informatlon Year ended 31 March 2024 Tho following pagfjs (lo not form part ol the financial statements. 17
Greater Morpeth Development Trust Llmlted Company Limltèd by Guarantee Detailed Statement of Financial Activities Year ended 31 March 2024 2024 2023 Income and endowment5 Donatlons and lega¢ie8 RaiaY Station Projèct Cinoma- Arts Cuttur8 Book FèstN81- Arts an¢ Culture Picnic- Arts and Cultur8 Thegtro Tickets - Arts and CltUre 5,800 4,348 4,064 3,571 275 2.788 10.698 10.148 Other iradlng a1VItieS WalkirwJ Maps Arts & Culture Othet income 923 1,677 11,234 9,142 10,065 14,871 Qthor income Renlal inome 5Jf,451 2*.344 Total incom? 76.214 48,363 18
Greater Morpeth Devélopment Trust Limited Company Limited by Guarantee Notes to the Detalled Statement of Financial Activities Year ended 31 March 2024 2024 2023 Costs of ral$ln9 donatN>ns and lega¢les Arts & Gultufe Cinema project 5,287 3.447 1.301 1,301 8,734 Costs of ral¥lng donatTrons and legaclgs 1,301 8,734 Expendilufè on ¢harltablÈ actlvitles Acllvhy Support costs Wages and sakries Penslon Eslabtrshm8nt Cosls and RM Hire Bank charggs Professional lees Other costs MarkeiirKJ Hotels ar¥J subsitallce Management and mainlenance Telephon& Postage: Stalionery and Phoiocopier Depreualton Memb8rship and subscriptir R•p8irs and m8intenanc IT costs 24,845 954 29.067 22,216 388 46.975 101 4,806 2.159 6,941 7,739 13,742 14.412 28.505 1.896 2.602 82.334 409 406 2.543 2.916 82.212 7.490 5.686 194.309 2D2,179 GoverMne8 costs Gov¢rnancg ts- accountancy f 1.607 1,860 exp8ndltur• on charflable al¥le8 195.916 204.039 20
Greater Morpeth Development Trust Limited Company Limited by Guarantee Detailed Statement of Flnan¢ial ktivities (Canm4) Year ended 31 March 2024 2024 2023 Expenditure Gosts ol rdising donatlons and legacies Arts and cultyre Cinerna 5,287 3.447 8,734 1.301 1,301 Expend5 on charitabl6 activities Wage8 salaries PensK>n costs Establishment cosls and Roorn hire Bank charges Ptofesslonal faes Other costs Marketing Hotels and subsistanc Management aniy maintenarsce Telepne Pvstage Stat'onery and Photocopier Deproc*tion Membership and subscriptions Repairs and maintenancè It costs 24,845 954 29.067 60 7.739 13.742 4,384 802 16.019 22,246 46,975 101 4,606 2.159 6.941 98 30.365 1.896 2.602 82.334 2.916 82.212 7.490 5.686 195,918 204.039 Total •xpendituie 197,217 212,773 Net expondrture 1121,0031 (166,4101 19