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$t0￿d charity name
Greater Mofpeth Davelopmenl Tnjst Limi18
Charlty Te9iStration number
1117036
Company reglstralion number 05676236
Pfinclpal offl¢• and r•gistered 1 Benjamin Greep House
office
Coopies Lane
Mtsrpelh
Nt>rthumbeTland
NE61 2SL
Tho trust•es
KM Blbby-wilson Retlred
Ethc8tlonal Profe>sional
F Rès¢w RetlTed Chemical
Pfofes$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¥fe￿nceS 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
Informa￿n, 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 p￿￿011? of projects to delivèr Ihese aims and obiectlves the major ¢apitsl
scheme5 which have be￿fitted th¢ town inclu¢Je th¢ the redpvolopmgnl of Morpeth Tovm Hatl and
orpelh RaI￿aY $talson which generated d&veltspmenl ￿0m& and sustsinable income to supporl the
activities gf GMDT. This h8$ 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 l*ir)g Heritaoe
Lottery Fund. Netwoth Rall. Northern Tralns Limiied, Northunil￿rtand 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 Qua￿lY proiocls and Ihrou9M engagirrfJ vohJnteers' SUPPOrt and slrong
partnership working we work to mainiain our level ol SerV￿e and delsvery for the benefi't of Morwh. More
detail about the activities du￿n9 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 CoMp￿10n 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
r￿r9 vtho prwded the ¢apilal lo reallse the opporlunlty of iejuvenat•vJ a key asset lor the towr). Not
only did tho pro1￿1 reW￿late a gr*11 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
[*d￿n
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
Tr￿81 Limrted I'the charity.) for year etmlett 31 March 2024.
Responslbilltles and basls of repjrt
8 the IfU5kes of the cc*npany latyj also rts di￿torS 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 carl￿d 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..
aC￿U￿ting ¥8cords w*e 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
NOrt￿mber18nd
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&t￿n8 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
Exp9ndI￿re
Lxpendibjre on raisino funds"
Costs ot raisiroJ ¢Jonab'c￿s 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• y*a¥
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' fvsponsbi￿lI@9'.
Tho mernbers have not rewSred eompxny to obtain an audll of Its fin*cio1 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 aCc￿nting 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 linar￿la1 ststements were approvèd by thè Im￿[￿ ol trustees a
SeplemW2024. ?￿j are srgned on behaf of the board ty.
I￿riSed for issue on 21
R J C 8LKrow Rotired
T￿tee
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. Mor￿th, 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 ROpu￿1C ol Irèland.. th8 Ststgmeni ol
Re￿Mrnended 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 fur￿￿onal 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
RaI￿aY St8tion. The Trustees hav* in p￿ce agreements wilh prospective tenants for the lel of Units
which should intre8se i￿Orne io a level which cov¥r COF* Costs. The Trusiees have piodu¢$d
budgets for the ￿MIng year which show thal fundlng is ￿pected to b8 in place f(K iho next 12
months. Therolore the Charily contlnues to operaie as a going concern.
Dlsclo8uw• •x?mpllons
The elliity sotisfles the ¢Jileria of beiThJ a quolifyiny endty ag deflned In FRS 10. As such, advantage
has beon taken of the following disclo¥ure ￿eMptIonS available under p8ragraph 1.12 of FRS 102:
{a) No cash flow sial¢ment has been present¢d for the company.
Judg•monls and key Sources of estlmallon un¢ertainty
The prep8r&lion ol the financial st*emenls ￿￿￿treS management to make I￿398mentS. estsmates
and assump¢ion$ 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 enti1￿Ment 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 $pecifte POI￿laS 3r8 applièd to p8rti¢ulBr
rategories of incc*m¢'.
income fr￿n dimptions or g(anis is recconisod YJhen th8r8 is aV￿￿nCe ol ￿knUement to the g
receipt is probable anrl Its amount can be measured reltably.
Incomo from donatod goods Is mèasured at the fair value of tha good3 unles3 this 15 ImpraclKal lo
measure reliably, In which ¢ase Ihe vahje is dersved from the ujst to the donor or Ihe esfjmate(I
resale walue. Donated facililEs and sgNicas are recryJnigod in the 8ccounts when received If the
value can be reliably Measur￿1. No amounts are indud¥J for the conlirfouiion of general volunteèr$.
income from contracts for the supply of services is recognised wrfh the delivery ol the contracted
setvic¢. This 1$ dassified as Unrestr￿tèd lunds L￿esS 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* •x￿nded
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 headh￿9 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 (¢ortinu*dJ
Year ended 31 March 2024
A(xounting polici95
Tangible assets
Tangible assets are initially recOr￿j 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
$ubsègu&nt aLWnUlal￿ irnpairmenl h)sses.
An increas0 In ihe caffying amount of an asset as 8 ￿8￿1t of a ravaluat￿n. 18 QCC•an"'sed In olhgr
recognised gains and losses, wless it reverses a charge lor impairmenl Ihal ha8 previou¥ty b¢en
rerngnised as expe￿IllUre within the stalemenl of financlal Acbvities. A decrease In the carrying
amouni ol an assei as 3 r&suM ol revaluati￿, is recognised In Olher recognised galns and lossès.
exté￿ to which il ¢Jftsels any wevious revaluation gain, in whlch ¢aso the loss 13 shown wilhkn other
rÉcogni5ed gains atKI b¥¥es on the ststemoni of linancial xiivitles.
Ijopfoclation
Dopreciaiion is calculated so as to wile off Ihe ￿31 or vaiuallon of an asset, l&ss Its resKlual Value.
over th8 U8elul econorn￿ life of tr,al assBt as folbws..
Lon9 leasehold Railway
Devek)pmont
Short leasehold propwty
Fixturc5 and fitting8
40A straight line
4% stralohl Ilne
1 Sokn reducii)g baknce
Impairmenl of ￿¥t￿ as$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(liCat￿n 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 be￿ME5 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 Sth8e4￿n1IY measwed at Iho cash or other conside￿Il0n
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
prepay￿nI wll lead lo a reduction in future payments or a cash refvnd.
hen contributlDns are nDt eypected to be sald￿j h￿thin 12 mDnth5 01 the end of the reFN)rtsng
d8te in which the employ￿ render the related servTtte, the liability ￿ measur￿1 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
UnreStr￿ted
Funds
Restricted Tolal Fvnds
Funds
2023
Donations
R8ifv4ay St81ion Proje¢l
Cinema- Arls and Culture
B￿k 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. An￿y$l$ of support cosls
Analyws of
SL+PPOrt CO515
3cts.vity 1
Total 2024
Total 2023
Governance Costs
SUp￿rt ¢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 1cL￿tIn￿9d)
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
R8sInc￿l 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$set¥ betw••n funds
Unre￿rI¢tBd
Funds
Rèstrlclèd Tolal Fund$
Funds
2024
T8n9ibl& fixed assets
rent assets
Creditors less I￿n 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[1￿1+￿
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 SUppl￿r. 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
Rai￿aY Station Projèct
Cinoma- Arts Cuttur8
Book FèstN81- Arts an¢ Culture
Picnic- Arts and Cultur8
Thegtro Tickets - Arts and Cl￿tUre
5,800
4,348
4,064
3,571
275
2.788
10.698
10.148
Other iradlng a￿1VItieS
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 R￿M 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 a￿l¥l￿e8
195.916
204.039
20

Greater Morpeth Development Trust Limited
Company Limited by Guarantee
Detailed Statement of Flnan¢ial ktivities (Canm￿￿4￿)
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
Telep￿ne
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