**GMDT Annual Report GMDT Annual Report April 2024 to March 2025**
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A successful development trust ee
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## **Greater Morpeth Development Trust (GMDT)**
## **GMDT vision**
Greater Morpeth Development Trust (GMDT) will continue to support the development 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 nineteen 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 our vision – the main funders being Heritage Lottery Fund, Network Rail, Northern Rail, Northumberland County Council, Morpeth Town 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 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, Chair’s Report and Articles**
## **GMDT structure**
(March 2024)
**Board**
**Staff team**
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.
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Community Arts & Culture Interest Group
GMDT Board
GMDT Staff
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**Environment Interest Group**
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Heritage Interest Group
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Mike Willis
Linda Wilson Chair and
Office Administrator i Community Director
raed
Kim Bibby-Wilson
Julie Whiteman Heritage Interest Group
Office Administrator Director (left Oct 2024)
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**Hayley Brown** Community Director (left May 2024)
**Dai Richards** Environment Interest Group Director
**Ian Foskett** Community Director **Lyn Robson** MBE Community Director
7 **Frank Rescigno** Arts and Culture Interest Group Director
l L **Richard Burrow** Community Director
**Tamsin Sharp** Community Director
understanding and we hope to be able to report on some positive outcomes next year.
William de Merlay was granted the Barony of Morpeth as reward for his part in suppressing a rebellion. Since then, there have been many famous names associated with the town, such as Admiral Collingwood, Emily Davidson, William Turner to name but three. We have some fine old buildings such as the Chantry, Town Hall, Morpeth Court and our Railway Station. There are many recently refurbished or new signs around the town (thanks to the Environment Interest Group) that provide fascinating insights into our rich and varied heritage and the people whose past achievements have laid so many of the foundations of our modern world. So, if you are interested in our heritage, please consider getting involved with the Heritage Interest Group. You can contact us on 01670 503866 or info@gmdt.org.uk.
## **Chair’s Report**
How has another year passed so quickly? It has been another year full of challenges and some significant changes. The first major change that I have to report is the retirement from the Board of Kim BibbyWilson. Kim has been a founder member of the Board since the inception of GMDT in 2006, and has been Chair of the Heritage Interest Group from that time. Kim’s commitment to preserving and promoting the rich heritage of Northumberland in general, and Morpeth, in particular has been absolutely outstanding throughout this time and beyond. As well as the work with the GMDT, she has been a key organizer for the annual Morpeth Northumbrian Gathering, (which was started by her father, Roland Bibby) and for Northumbriana, an umbrella internet resource dedicated to preserving the proud history, heritage, language and culture of our unique county. She is also the Chair of the Morpeth Antiquarian Society. Kim’s retirement also leaves us with a significant challenge – we need someone to step up and take on the Directorship of the Heritage interest group.
Since the last report, Hayley Brown has also stepped down as a Director, but I am delighted to welcome two new Board members, Ian Foskett and Lyn Robson. As ever, all of our Director’s have been working tirelessly on your behalf to support the Trust’s vision of making Morpeth a better place to live, work and visit.
I must also pay tribute to Mike Willis. During the period covered by this report Mike was able to embark on a sabbatical period of leave from his ‘day’ job which has also taken him away from the Trust for a well-deserved opportunity to recharge his batteries. Mike has been a director since 2016. In his absence, I have been appointed by the Board as Acting Chair.
Like most charities, we continue to face financial challenges. We have found tenants for most of the office units at the station, but there are still a couple of vacant units available. We have entered into positive discussions with Northern Rail, who are our immediate landlord, regarding some issues with electricity meters and the overall costs of maintaining and operating the building. These discussions have increased mutual
Finally, I must acknowledge the hard work and commitment of our admin team, the largely unseen enablers of so much of the Trust’s activities and achievements. The skill and dedication of Linda Wilson and Julie Whiteman have been key to realising so many of the Trust’s achievements.
Morpeth is a historic market town, with written records back to 1080 when
**Richard Burrow** , _Temp. Chair GMDT_
## **Interest Groups Reports**
## **Arts & Culture Director’s Report April 2024 - March 2025**
## **Morpeth Book Festival**
Consideration has been given to inviting amateur film makers to submit short films to be shown together with the main feature, with the potential to build on that to run a prize competition for such films. It is more complicated than it seems as these films will not have been certified by the British Board of Film Censors. The upshot is that permission to show each film will have to be obtained from the licencing authority for the premises, Northumberland County Council. That is being investigated at the moment.
The 2025 book festival was our most successful festival. With a varied programme there was something for everyone from adults to children. Featuring novels on crime, history, poetry, and an action-packed programme for the ®& children. Authors Mari Hannah, Gervase t Phinn, Alistair Moffat, James Naughtie, Sara Cockerill and nationally known children’s author Kjartan Poskitt and former MP Chris Mullens to name a few.
Reports from the over 800 plus attendees expressed a desire that we continue the book festival as this is becoming a popular and much anticipated annual event. The Morpeth Book Festival Team is currently working on the 2026 book festival which promises to be even better.
St James Hall is provided for 9 viewings free of charge, as part of support for the Community Cinema from the Morpeth Town Council.
## **Morpeth Performing Arts Centre**
We depend on the support of volunteers and would invite anyone who would like to join the festival team or become a volunteer to please contact GMDT on info@gmdt.net or phone 01670-503866. If you are interested in supporting this project, you can donate via our crowdfunding page.
Over the past 3 years the Morpeth Performing Arts team have evaluated 3 potential sites in Morpeth. After extensive studies and site visit all presented potential problems and had to be discounted.
We are currently very close to agreeing on a site. If additional studies confirm the building can be modified to incorporate a professional venue for cinema, music, performance of dance, theatre plus additional space for Community groups such as the Morpeth Music Society Pantomime Society and other community groups.
## **Morpeth Community**
## **Cinema**
In January 2025 David Warman handed over organisation of the cinema to Philip Kramer. David had spent nine years at the helm, a fruitful period in which the cinema became well established, for which he is to be greatly thanked. The cinema is supported by 12 volunteers.
We will be receiving a feasibility study from Northumbria University which will prove the viability of a performing arts venue and this plus the additional surveys will allow us to secure funding. If you are interested in supporting this project, you can donate via our crowdfunding page.
Since the beginning of 2025 we have shown to full, or almost full houses, The Critic, The Apprentice, Conclave, A Complete Unknown and Wilding, to mark Wansbeck Green Week. This last showing was accompanied by a short film, A World of My Own, charting John Braine’s return to Morpeth in 1969, where he had worked whilst writing Room at The Top, together with a short intermission with ice creams, which proved a great success. The opportunity to repeat this format is limited by the length of the main feature, unless we start the programme 30 minutes earlier; this is currently under consideration.
## **Picnic in the park**
The 2026 Picnic is scheduled for Sunday 11[th] July 2026. A lot of work goes into planning and setting up the Picnic in the Park everyone hopes this year the weather will be kind to us.
**Frank Rescigno** _Arts & Culture Interest Group Director_
## **Heritage Interest Group Report April 2024 - March 2025**
The Interest Group’s primary aims are to identify and facilitate delivery of heritage projects, or heritage elements within wider projects, which sustain and enhance the Morpeth area, and to support other organisations involved in heritage activity both locally and nationally.
With resources of funding and manpower still not anywhere matching pre-Covid levels, the chief focus for the year was the co-ordination of a range of special events and building openings for September’s national Heritage Open Days, with no new projects in the pipeline. We also provided input into the Signage and Interpretation projects described elsewhere. As well as holding our own group meetings at the GMDT office in the railway station, we met with the organisations of the **Morpeth Heritage Network** at its very useful quarterly sessions in the Chantry Bagpipe Museum to exchange information, news and views on heritage and planning matters.
GMDT has always supported the springtime annual festival of traditional culture, **Morpeth Northumbrian Gathering** , this year through in-kind administrative and stewarding functions. Around 2,500 audience members and participants attended the 54 well-received musical and other artform events staged over three days in April 2024 in all the town’s central halls and outdoor spaces, including Morpeth Castle. Luckily a council decision to end Sunday bookings of the Town Hall, jeopardizing the festival HQ and many events and revealed only seven weeks before the festival, was reversed, though the restriction was subsequently implemented, severely affecting preparations for the next Gathering, due in April 2025.
Our invaluable staff member Julie Whiteman again gave sterling service co-ordinating the town’s events for September’s **Heritage Open Days** , liaising with building and event managers and the national HODs website and publicity team, creating posters, advising on risk assessments, distributing documents and equipment and collating evaluations. A new Morpeth Heritage Walk was
a big hit among the 14 organised events receiving a total of 1029 visitors thanks to 376 volunteering hours. Highest attendances were at Morpeth Clock Tower 131, St. James Morpeth, 62, Heritage Walks 40, Town Treasures 30, Morpeth Woollen Worthies exhibition 103. During the year Carol Elliott has now stepped forward to take on HODs on a voluntary basis, a very welcome offer.
Julie Whiteman’s retirement from GMDT will leave a big gap, especially with her involvement in the Heritage Open Day event. Hopefully someone will step forward to take on her role and ensure the Heritage Interest Group grows in the years to come.
**Kim Bibby-Wilson** _Heritage Interest Group Director_
## **Environment Director’s Report March 2025**
**Information boards project:** We have completed our Information boards project in partnership with KEVI students. In July 2024, 3 new information boards were erected in St Marys Churchyard (War Graves, Notable Morpethians, Lych Gate).
In October 2024, a new Admiral Lord Collingwood information board was erected at High Stanners, in March 2025 a new William Turner information board at Carlisle Park and in March 2025, with the support of Morpeth Town Council who erected it, a new Tommy fields information board on the banks of the River Wansbeck. It is our intention to put this project forward for NCC’s 2025 July Love Northumberland award, Urban Project category.
This project has been very rewarding and has been enjoyed by everyone involved, especially the 9 KEVI students who supported the project. Our sincere thanks to KEVI teacher Sheila Clark for her support, Darren Turner Graphics design, NCC IT team for the creation of the websites behind the Navilens code and NCC Signage team for the making and erection of the signs.
Funding has been obtained for the next set of information boards. In 2024-25 we are working on delivering new boards for Morpeth Railway Station, St Robert’s Church and Collingwood House and KEVI School, the latter 2 working in partnership with KEVI’s 2024 YR12 students. NCC funding will cover the cost of replacing a lost information board in Bothal Woods as well as additional boards in 2026 – our thanks go to NCC County Councillors Richard Wearmouth, David Bawn and John Beynon for their support.
**Railway Station landscape – front and rear:** Work on landscape projects has continued. The Station Adoption/Front (led by Hugh Edmundson, in partnership with Morpeth Lions, Rotary and Morpeth Litter Group) has continued to enhance the bedding at the Railway Station. In March 2025 Northern Rail landscaped the area where the portacabin ticket office was located and added 2 new benches – it is hoped to put up a larger picnic table in the months to come. The borders by the rear paths have given us a lovely display of colour, especially the hundreds of primula donated by NCC Carlisle Park team and planted by GMDT Environment.
The new railway station information board will be erected in the new Northern Rail landscaped area.
**Tree planting:** Our tree planting project took place in November with over 200 new saplings planted – this is now an annual event working with Northumberland Rivers Trust coordinator who has plans to create a new wood in Northumberland. Would you like to be involved in our next tree planting event?
**Tree guard removal:** In March 2025 a new project has started working in partnership with NCC where we have teams from GMDT Environment and Morpeth Litter group removing tree guards along Morpeth’s northern bypass – over 750 were removed in our inaugural 3-day event – this will continue throughout 2025. Would you like to be involved in our next session?
**Garden Project:** Another new project has started – working in partnership with NCC librarian Sarah Kennedy-Robson where we are looking to adopt the gardens along the side of the new leisure centre. In October 2024, £600 of spring bulbs were planted with the help from Morpeth Lions and Morpeth Litter Group volunteers. Did you see the lovely display of tete a tetes, daffodils and crocuses this spring? This project will look to have the 4 centre beds fully adopted by groups by mid 2025. Would you like to get involved by helping GMDT’s Environment section adopt a bed?
**Morpeth Litter Group:** (led by Dai Richards, and in partnership with Keep Britain Tidy) Litter blitz activities restarted in February 2025. Last year 133 people came along to the litter blitzes – keeping Morpeth Town Centre litterfree. Our sincere thanks to everyone who comes along. GMDT continues to support the teams in the fight against litter. If you’d like to be involved, send an email to dai_richards@btinternet.com At the recent litter blitz at Castle Close, 18 people collected 75 bags of litter.
**Footpath improvement:** This project will involve the identification of damaged fences, paths etc along the many walks around Morpeth. A number of issues have been reported to NCC – we will be monitoring progress in 2025. If you’re interested in taking this on, please email dai_richards@btinternet.com.
**Dai Richards** _Environment Interest Group Director_
## **GMDT Activities and Partnership Working**
## **Games Club**
GMDT worked in partnership with Morpeth Library and during 20212022 obtained funding to purchase some soft furnishings and table top games. A GMDT volunteer runs sessions every Thursday from 11am till 12.30pm. Games include cards, scrabble, dominoes and Rummikub. Attendance is flexible and you can just turn up 5 minutes before the session so groups can be organised. If you would like to co-ordinate a second group please get in touch.
## **Volunteer**
## **Opportunities**
The Trust is always on the look out for new volunteers looking for an interest in helping maintain and improve the attractiveness and vitality of their local community. Volunteers can engage in a wide range of activities and roles including helping organise and run the larger projects of the regular Community Cinema, the Annual Book Festival, or the summer event of Picnic in the Park. For those interested in the environment there is always a project where volunteers who want to make a difference can give of their time from an hour a week to committing a regular amount of time to a longer project. For those interested in the Heritage of Morpeth there are many means of showcasing our towns many assets and interesting history. The signage project is one example of how improvements can be made to highlight the town’s history and how people have contributed
not just to the town but society in general. One of our volunteers said I volunteer for the Trust because I want to be a more active part of the community in our lovely town. I enjoy meeting people and being involved with initiatives that help contribute to the quality of life in Morpeth. It suits me to work on projects rather than commit to regular tasks, and I enjoy the “buzz” when an event is being planned and carried out.
## **The Repair Shed (formerly The Human Shed)**
A partnership project with Barnabas Safe & Sound, is now all set up with equipment and tools funded by NCC Community Chest. There have been open events to showcase the venue and activities over the year. There is a regular group of people going along on a weekly basis, who are doing various projects either based on what they want to do or what comes up as a need in the community. The space has also been used by Barnabas Safe and Sound to deliver bike maintenance workshops and to make bird boxes during their school holiday programmes. The ‘Shed’ had been promoted to other groups such as Contact Mental Health, Vision Northumberland, the Morpeth Lions and Morpeth Town Council so that they can pass on information to their members/ other community groups. If you would like to know more please get in touch or have a look https://youtu.be/-4XOlNDaTQQ
## **Morpeth Railway Station**
Thanks to the sterling work of our admin team, Julie and Linda, the trust has continued to make progress in gaining an understanding and experience of managing Benjamin Green House at Morpeth Railway Station. Taking on the tasks of managing the building from the previous managing agents has not been an easy task, but employing a managing agent had become a luxury that could no longer be afforded.
Good working relationships have been established with a range of contractors who provide maintenance to the various building systems and with those who provide a repair service when problems arise. Importantly, we also have good relations with our tenants and with Northern Rail, our immediate landlord.
One of the problems identified during the year was that the electricity meters were not all fit for purpose, so some of them are to be replaced. As we operate as part of a ‘live’ railway station, and the work requires the main electrical supply to be switched off, the work will have to be done out of hours, when the station is closed to the public. This means between the hours of 00.01 and 05.00 – so it will be a sleepless night for some. At the time of writing there are two office units that are vacant and available to let. Anyone who may be interested is invited to contact the office at the number below.
## **Morpeth Talking Newspaper**
continues to record every 2 weeks. The team of volunteers Include members of Morpeth Methodist Church, Morpeth Lions, Morpeth Rotary, Mitford Church, Kings Avenue Reading Team and the U3A, who read articles including items from Morpeth Herald and Inside Morpeth. The readings are saved to memory sticks and are distributed free of charge to those with vision impairment. If you would like further details, please contact the group via info@gmdt.org
Morpeth Railway Station **Benjamin Green House Office Space For lease**
x 01670 503866
## **Greater Morpeth Development Trust Financial Report 12 months to March 2024**
## **Statement of Financial activities for year ended 31[st] March 2025**
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Unrestricted Restricted 2025 2024
funds £ funds £ Total funds Total funds
£ £
INCOME AND ENDOWMENTS FROM
Donations and legacies 6,435 5,443 11,878 10,698
Other trading activities 2,049 10,443 12,492 10,065
Other income 57,235 - 57,235 55,451
Total 65,719 15,886 81,605 76,214
EXPENDITURE ON
Raising funds - - - 1,301
Charitable Activities 16,725 141,440 158,165 195,916
Total expenditure 16,725 141,440 158,165 197,217
NET EXPENDITURE AND NET MOVEMENT IN FUNDS 48,994 -125,554 -76,560 -121,003
RECONCILIATION OF FUNDS
Total Funds brought Forward 52,377 1,616,938 1,669,315 1,790,318
TOTAL FUNDS CARRIED FORWARD 101,371 1,491,384 1,592,755 1,669,315
Balance Sheet as at 31 [st] March 2025
2025 2024
£ £ £ £
FIXED ASSETS
Tangible assets 1,578,107 1,660,325
CURRENT ASSETS - -
Debtors - -
Cash at bank & in hand 37,471 52,356
Total - - 37,471 52,356
Creditors: amounts falling due within one year 22,823 43,366
Net current assets 14,648 8,990
Total assets less current liabilities - - 1,592,755 1,669,315
Net assets - - - -
Funds of the charity
Restricted income funds 1,491,384 1,616,938
Unrestricted income funds 101,371 52,377
Total charity funds 1,592,755 1,669,315
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## **Financial Report**
Morpeth Railway Station has taken over seven years from inception to completion and has been a major undertaking for a Charity of our size and could not have been delivered without the support of a portfolio of funders who provided the capital to realise the opportunity of rejuvenating a key asset for the town.
Over recent years given the massive negative impact of covid to this project, and the turnover of staff, the trust has been working hard to ensure that the
railway station project continues to be viable, and indeed to contribute to our core costs, so that eventually we will become self sustaining.
Over the past year particularly, we have stabilised the trust financially, and implemented new robust working practises and procedures. So not only have we been able to reinstate a grade 11 listed building, we have also been able to deliver a sustainable ongoing project in collaboration with Northern Rail etc.
This places us in a good position now to begin to look at new potential projects in our town to help make Morpeth a better place to live and work.
## **M D Willis**
_Retiring Chair_
**NB** £1.5M shown as total funds is not cash funds we have but is an accounting requirement showing a 25 year straight line depreciation of the £2.3M invested in the Morpeth Railway Station. The Morpeth Railway station is owned by Network Rail.
## **Kim Bibby-Wilson – the GMDT Years**
‘The Board have asked me to write an account of my involvement with Greater Morpeth Development Trust which is rather hard to summarise but here goes. It stems from my commitment to Morpeth and its heritage and prosperity, inherited from my historian and newspaper columnist father (himself the Morpeth-born son of a onetime borough councillor and grandson of the long-term borough surveyor who among other things refurbished the Town Hall in the 1920s) and my Jarrow-born mother, a third generation wool shop proprietor (in her youth an active member of the Morpeth Minstrels wartime concert party, later an all-singing, all-dancing mainstay of the Chamber of Trade and also a wry commentator on the Morpeth scene through her wickedly incisive poems published in the Herald).
Before Castle Morpeth Borough Council (CMBC) set up its Castles, Woods and Water (CWW) project to regenerate the river corridor and enhance council services, and which led to the setting up of GMDT to continue its strategies and themes, I was already closely involved in earlier town initiatives whose roles GMDT eventually took over. These included Morpeth Pride, Morpeth Initiative, Friends of the Coliseum, which evolved
into Morpeth District Arts Trust, which I also represented as Culture Observer at the relevant council committee. I took part in steering groups working on the formation and constitution of a development trust, and was a founding board member from GMDT’s inception, also giving input into cross-over CMBC/GMDT events such as the Morpeth Walking Festival.
Although the director for heritage, I have been from the start very active in the other interest groups as well as the original three multi-disciplinary cross-interest Signage teams covering heritage, environment and civic themes. After a rocky first year GMDT found its feet, with a committed board, a strong staff team, young people’s work placements and, most importantly for heritage, a highly dedicated and ring-fence-funded Heritage Officer. Until 2011, for most of the post’s duration, this was the amazing Tamsin Lilley, who did so much in those first years to produce a coherent strategy and create a vibrant programme of events, exhibitions and oral history projects in conjunction with local groups and agencies. Our activities responded to opportunities and commemorations such as the Collingwood Festival (later resulting in the erection of the Collingwood Bust in the
Butter Market), the Crash Camp community, the 2008 Flood, the Emily Davison centenary and of course collaborations with the long-standing annual festival of traditions the Morpeth Northumbrian Gathering.
With Tamsin at the helm GMDT took over Morpeth Antiquarian Society’s original participation in the national Heritage Open Days. From one or two events each year, we increased the number of participating buildings and co-ordinated a vastly expanded festival, making Morpeth the largest provider of HODs events in Northumberland at the time. Tamsin also liaised with councils and local heritagerelated groups and individuals to form the Morpeth Heritage Network which continues to meet to this day.
One of GMDT’s greatest achievements was the refurbishment of the Town Hall, completed in time for CMBC to hand over ownership of the modernised listed building to the new unitary authority in 2009. I was part of the very active joint steering group made up of CMBC and GMDT representatives to co-ordinate and oversee the phases of the works needed, firstly to make the roof sound and then upgrade the facilities (within the restrictions of a heritage building) and spring-clean the
fabric of the town’s central and iconic community and civic hub to make it fit for modern-day purposes. This all culminated in a dense programme of celebratory events which fully inhabited and enlivened all the Town Hall spaces over a packed weekend, with actor Ray Alexander coming all the way from York in the character of 1714 architect Sir John Vanbrugh to cut the ribbon to re-open “his” building. (We’re delighted Ray plans to return to Morpeth for the 2026 Gathering in April.)
While GMDT has recently carried out other important heritagebased projects such as the renovation of the railway station, I am perhaps most proud of my direct contribution towards upholding the health of the Town Hall, an invaluable community asset, ensuring its continued existence and continuing to highlight the important role it plays for Morpeth’s residents and visitors.
Diary date **d M 21 iv Mo al**
COMPANY REGISTRATION NUMBER: 05676236
CHARITY REGISTRATION NUMBER: 1117036
Greater Morpeth Development Trust Limited
Company Limited by Guarantee
Unaudited Financial Statements
31 March 2025
,IA Northumberland
ACCOUNTANTS
Russell House, Greenwell Road, Alnwick, Northumberland NE66 1 HB
Greater Morpeth Development Trust Llmited
Company Llmited by Guarantee
Financial Ststements
Year ended 31 March 2025
Page
Trustees, annual report (incorporating the directorfs report)
Independent examiner's report to the trustees
Statement of financial activities (including income and
expendlture account)
statement of financlal position
Notes to the financial statements
The followlng pages do not fonn part of the flnancial statements
Detailed ststement of financlal activitles
Notes to the detalled statement of financial activities
18
20
Greater Morpeth Development Trust Limited
Company Llmlted by Guarantee
Trustees. Annual Report (Incorporating the Directorfs Report)
Year ended 31 March 2025
The trustees. who are also the dlrectors for the purFK)s8s of company law. present th81r r8POrt and Ihe
unaudlted flnanclal statements of the charity for the year ended 31 March 2025.
Reforenc• and admlnlstratlve dotalls
Roglstored charlty name
Greater Morpeth Development Trust Llmlt8d
Charlty reglstratlon numbèr
1117036
Company roglstrntlon number 05676236
Prlnclpal office and reglsterèd 5 Benjamin Gr88n House
offlce
Coopies Lane
Morpeth
Northumb8rland
NE812SL
Th• tru8t•es
KM Bibby-wllson Retired
Educatlonal Professlonal
F Rescigno Retlred Chemical
Professional
R J C Burrow Rettred
M D Willis
H R Brown
D C Rlchards
J Foskett
L Robson MBE
(Reslgned 24 October 2024}
(Resigned 7 May 2024}
(Appointed 16 October 2024)
(Appointed 11 February 2025)
Company ucratsry
MD WIIIIS
Ind•pendent examln•r
Mich8el W Reed
Russell House
Greenwell Road
Alnwick
Northumberland
NE66 1HB
structure. govemance and managemont
The charty is controlled by Its governing document, a deed of trust, and constitutes 8 limited company,
limlt8d by guarantee as defined by tha companies Act 2006.
Greater Morpeth Development Trust Llmlted will develop Morpeth lo be a premier market town in North
East EnglarKI. promotlng and improving the town and Countryside for public benefit, economic and social
well-being of peopl8 living and working in Morpeth and its surrounding areas of Northumberland through
the promotion of urban and rural regeneratlon.
Greater Morpeth Development Trust Limlted
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Directorfs Report) (lI1U•d)
Year ended 31 March 2025
Structure. governance and management (Gonthiu•d)
The charty is required to report how It deals with fundralsityd from the public. The charlty does not use a
professional fundraiser or commercial participator to raise funds. Any moni88 raised direct from Ihe public
folk>ws all guidelines set out by the Charty Commission and UK law in every respect. W8 respect the
privacy and contact preferences of all donors.
The Board, who give their tlme freely and no trustees received remuneration In the year, have Gonsidered
vtho the Key Management Personnel (KMP) of the charity are. Together wilh the board, these KMP are
those In charge of directing and controlllng, running and operating tha activities of th8 charity on 8 day to
day basis. The pay of KMP is reviewed annually and nomally increased in accordance with averag8
8arnings. The trustees benchmark against pay levels of other charltles and similar organisations Within the
sector and the region. Pay levels are set using thls information together with th8 budget and forecast
informatlon, ensuring that the charity can affording proposed incr8ases. The trtjard than agre8 any upllft lo
remuneratlon.
ObJ•ctlvo8 and actlvlt108
Greater Morpeth Development Trust (GMDT) has been In existence slnce 2006 and the div8rse range of
projects carried out over the past nineteen years could not have happened without the support of our
partners, funders and members.
GMDT have corrtinued their objective of developing partnershlp ne$ through facilitatlon to develop
Inltlatlves and through the sklll base in the team addlng value where ever posslble to mak8 Morpeth a
quallty place to live.
GMDT h8V8 developed a portfolio of projects, such as the Book Festival. Clnema and Plcnic in the Park to
deliver thesa alms and objectlves and the major capital schemes which have benefitted the town includa
tha the redevelopment of Morpeth Town H811 and Morpeth Railway station which generated development
income and sustainable income to support the activities of GMDT. Thls has been achleved through the
support of a number of fundlng bodies who have invested Sn the vlslon to redevelop key public as88ts
wlthln Morpeth the main fund8rs belng Heritage Lottery Fund, NeIOrk Rail, Northem Tralns Limrted,
Northumberland County Counc51, Rallway Herftage Trust and North East Rural Grov/(h Notwork.
Achlevoments and performance
The exlstlng staff team Is made up of 2 part tlme members supported by a range of professlonal
aBsociates to dellver a portfolio of quallty projects and through engaglng volunteers, support and strong
parinership worklng we work to maintain our level of service and delivery for the benefit of Morpeth. More
detail abjut the activities during the year and photographs and testimonials of the projects can be seen on
our w8bsite www.gmdt.net and also withln our Annual Report.
Grnater Morpeth Development Trust Limlted
Company Limited by Guarantee
Truste•s' Annual Report (Incorporallng the Dlrèctorfs Report) (¢anllnu•*ll
Year end•d 31 March 2025
Fthanclal thlew
Morpelh RaIaY Statlon ha$ taken ov&r 3even years from inceptlon to compl•tlon and has been a major
undert8klng for a Charity of our s128 and could not have boon delIVer wlthout th• support of a portfofio of
fvnders prov5ded the capital lo realise the opportunlty of rfuvenating a key asset for thè town. N
only did th8 project relnstate 8 grad811 Ilsled buildlng lo It8 former glory but provldes a gateway to th& town
of whlch the publiG can bé proud. The fundlng was not onty s8cured to safeguard the futurq of th8 Grade11
Ust8d 6totk)n but to provid8 an onl9rIse hub for small busln8s5es as w8118s er68ting a state of the art
tlck8t office, and provido modern facillties for todays rail users Such as new toi1o1s, The occupation ol units
In the offl¢e sulle wlll provide an Income 8tream for GMDT wlTrlth shall 8U8tain the Charlty Sn firture years
and enable further publlc beneflt lo be reallsed.
8m411 eompiny provlslon•
This report ha8 been preparod In 8c¢ordance with the provisions appllc#¢)J*TO CO,
small companl&s 8xèmption.
The Iruylo88' Énnual roport was approved and slgned on beh811
)anles enlilw lo the
the board,
R J C Burrow Retir8
Trn8tee
M O Wllls
Trustee
Greater Morpeth Development Trust Limited
Company Limited by Guarantae
Independent Examinetrs Report to the Trustees of Greater Morpeth
Development Trust Limited
Year ended 31 March 2025
I report to the trustees on my examlnation of th8 financial statements of Greater Morpeth Development
Trust Limited ('the charfty) for the year ended 31 March 2025.
Re8ponslbllltles and basls of report
As the trustees of the company (and also its directors for the purposes of company law) you are
responsible for the preparation of the financlal st8tements in accordance wilh the requirements of th8
Companies Act 2008 (Ih8 2006 Act,).
Having satlsfled myself that the accounts of the company are not requlred to be audited under Part 16 of
th8 2006 Act and are ellgible for independent examlnatlon. I report in respect of my examination of the
charity's accounts as carried out under sectlon 145 of the Charities Act 2011 ('the 2011 Acf). In carrySng
out my examinatlon I have followed the Directions given by the Charity Commisslon under section
145(5Mb) of the 2011 Act.
Indondent examlnerf8 Statsm•nt
I have completed my examination. I confimi that no matters have come to my attention in connectk)n wlth
the examination giving me cause to believe:
accountlng r8cords were not kept in respect of the chartty as required by section 386 of the
2006 Ac(. or
the financlal statements do not accord with those records. or
the financi81 statements do not comply vAth the accounting requirements of section 396 of the
2006 Act other than any requlrement that the accounts give a ttrue and f81r' vlew whlch Is not
matter consldered 88 Part of an ind6P8ndent examinatlon; or
the financlal statements have not been prepargd in accordance wlth the methods and principles
of the Statement of Recommended Pr8ctice for accounting and reporting by charities applicable
to charities preparing their accounts In accordance with the Financial Reporting Standard
applicable In th8 UK and Republic of Ireland {FRS 102).
Greater Morpeth Development Trust Limited
Company Limited by Guarantee
Independent Examinerfs Report to the Trustees of Greater Morpeth
Development Trust Limited (contlnued)
Year ended 31 March 2025
I hav8 no concems and have come across no other matters in connection with the examination to which
attention sllould be drawn in this report in order to enable a proper understanding of the accounts to be
reached.
Mlcha81 W Reed
Independent Examiner
Russell House
Greenwell Road
Alnwlck
Northumberland
NE66 1HB
11 August 2025
Greater Morpeth Development Trust Limited
Company Limited by Guarantee
ststement of Financial Actlvltles
(including income and expenditure account)
Year ended 31 March 2025
2025
Restrlcted
funds Total funds Total funds
2024
Unrestricted
funds
Note
Incomo and endowments
Donations and legacies
Other trading activities
Other Incom8
6,435
2,049
57,235
65,719
5,443
10,443
11,878
12.492
57,235
81.605
10,698
10,065
55,451
76,214
Totsi Incom•
15.886
Expendltur•
Expenditure on raising funds..
Costs of raising donatlons and
legacl8S
Expendltur8 ¢xJ charltable actlvltles
Totsl •xp•ndlturo
1,301
195,916
197,217
9.10
16,725
141,440
141,440
158.165
158,165
16.725
Not oxpendlturn and nat movemenl In
fund•
48,994
(125,554)
(78,560) (121,003)
Reconelllatlon tsf funds
Total funds brought forward
Total funds Garrl•d forward
52,377
101,371
1,616.938
1,491,384
1,669,315
1.592.755
1,790.318
1,689.315
The statement of financial actlvities includes all gains and losses recognised in the year.
All Incom8 and 8XP8nditure deriva from continuing activiti88.
The notes on pages 8 to 16 form part of these flnanclal statemonts.
Greater Morp8th Development Trust Limited
Company Umlted by Guarantse
Statement of Financial Posltlon
31 March 2025
2025
2024
Fix•d a¥s•ls
Tanglble flxed assets
16
1.578.107
1.660,326
Curnnt a¥¥et*
Cash at bank ond In hand
37.471
52,356
Cr•dltors: amounts falllng du• wlthln one y•ar
Not curr•nt a88•ts
17
22.823
43.367
14,848
1,592,7S5
Total asséts IMS eurrent Il•bllltl•A
1,669.315
N•1 ao8•ts
1.592.755
1,669.315
Fund• Of the charlty
Restricted lunds
Unregtrlct8d lunds
1,491.384
101.371
20 1.592,755
1.616.938
52.377
Tolal ¢harlty fun
1,669,315
For fhe year endlng 31 March 2025 the charfty was ontldgd to gxemptlon from 8jIt under $8Ctlon 477 of
the Companlets Act 2006 relating to small companieJ.
Dlrector8' r8sponslblO1198',
Th8 members h¥we not roqulred the ¢omp8ny lo obtaln an audlt of its financlal statements for Iha
year In quesllon In AcoJrdanc8 wlth Sectlon 476;
Tho director8 acknoad their responslbllltltrs for coMpln9 wlth the requlr•m&nts of the Act wlth
r08pe¢t to accounting r8eords and Iha pr6paration of ftnanclal statements.
Th&8e financial statem8nt8 have been prepared in accordance wilh the provlslons appllcablo to companles
subjoct to Iho small compenles, reglme.
These Ilnanclal S18tentS wère approved by the board of Irus188s and aUlhor1ffXls8Ué and siw on
behalf of the boafd by.
R J C 8urrow Retir8d
Trustoe
M D Wlllls
Trust
The nt)ts8 on p49•$ 8 10 18 form part tsf these flnanelal slat•m•nts.
Greater Morpeth Development Trust Limited
Company Limited by Guarantae
Notes to the Financial Statements
Year ended 31 March 2025
Goneral Infomlatlon
The charity ts a public b8nefrt entty and a private company limited by guarantee, reglstered in
England and Wales and a registered charity in England and Wales. The address of the registered
office is 5 Benjamin Green House. Coopi8s Lane, Morpeth, Northumberland, NE612SL.
Statemant of compllanco
These financial ststements have been prepared In compllance wlth FRS 102. Th8 Flnanclel
Reportlng Standard appllcable In the UK and the Republlc of Ireland,, th8 Stst8ment of
Recomm8nded Practlce 8pplicab18 to charltles preparing their accounts In accordance with the
Flnanclal Reportlng Standard appllcable Sn the UK and Repu1¢ of Ireland (FRS 102) (Charilies
SORP {FRS 102)) and the Companies Act 2006.
AcGountlng pollcl•s
8a81$ of pr•paratlon
The finandal statements have been pr8par8d on the historlcal cost basls. Th8 financlal ststemarrts
are prepar8d in sterling, whlch Is the functlonal currency of th8 entity.
Golng concorn
Durlng the Covld 19 Pand8mlc the charity has faced dlfficulues In ralslng funds to finance Ihelr core
actlvltles and thls has been compounded by difficulties In the past of renting out unlts at Morpeth
Railway Station. The Trustee6 have in place agreements with prospectlve tenants for the let of Units
whlch should increase income to a level which will cover core costs. The Trustees have produced
budgets for the coming year which show Ihat funding is expected to be in place for the next 12
months. Therefora the Charity continues to operate as a going concem.
Dl8closur• •x•mptlons
The entlty satisfias the crlterla of being a qUalIn9 entity as defined In FRS 10. As such, advantage
has been taken of the following disclosure exemptlons 8vailable under paragraph 1.12 of FRS 102..
(a) No cash flow statement ha8 been presented for the company.
Judgoments and koy •ources of estlmatlon unc•rtalnty
The preparation of the flnancial statements requires management to make judgemenis, estlmates
and assumptions that affect the amounts reported. These estlmates and judgements are continually
reviewed and are based on experienc8 and other factors, including expectations of future events that
are believed to be reasonable under the circumstances.
Greater Morpeth Development Trust Limited
Company Limited by Guarantee
Notes to the Financial Statements (contlnu
Year ended 31 March 2025
Accountlng pollclos {¢ondnu•dJ
Fund accountlng
Unrestrlcted funds are available for use at the dlscr8tlon of the trustees to furth6r any of the charitys
purposes.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through
the terms of an app8al, and fall Into one of two Sub-classes: restrlcted incom8 funds or endowment
funds.
Incomlng re8ourco8
All Income is included In the statement of fir)anclal activities vthen 8ntltl8m8nt has passed to the
Gharlty, It Is probable that the economic benefits assoclated wSth the transactlon will flow to the ch8rlty
and the amount can be reliably measured. The following 6pecific policies are applled to partlcular
categories of Income:
income from donatlons or grants is recognlsed wh8n there Is eviden¢8 of entltlement to the glft,
rec81pt Is probable and its amounl can be measured reliably.
Income from donated goods is measured at the falr value of the goods unless this is impractical to
measure reliably, in which case the value is derived from the cost to the donor or the estimated
resale value. Donated faclllties and services are recogni8ed In the accounts when received rf the
value can be reliably measured. No amounts are Included for the contribution of general volunleers.
Income from contracts for the supply of setvlces is recognised with the delivery of the contracted
service. This is dassified 88 unr8Stricted funds unless there is a contractual requirernent for it to be
spent on a partlcular purpose and returned if unspent, in whlch case it may be regarded as restriGted.
Resources •xpond8d
Expendlture Is racognised on an accruals basis as a Ilablllty Is Incurred. Expenditure includes 8ny
VAT whlch cannot be fully recovered. and Is classified under headings of the statement of firk3ncial
activities to vthich it relates:
expendFture on raising funds includ88 the costs of all fundraising activitie8, events, non-
charltable tradlng activitie8. and the sale of donated goods.
expenditure on charitable activities includes all costs Incurr8d by a charity in undertaking
actlvltles that further its charitable aims for the benefrt of its beneficiaries, including those
support costs and costs relating to the governance of the charity apportioned to charFtable
activities.
other expenditure includes all expenditure Ihat is netther related to raising funds for the charity
nor part of its expenditure on charitable actlvities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs
attributable to a single activity are allocated directly to that actlvSty. Shared costs are apportioned
between the actlvltles they contribute to on a reasonable. jUStifiabl8 and consistent basis.
Greater Morpeth Development Trust Limited
Company Llmited by Guarantee
Notes to the Flnancial Statements {conUnued)
Year ended 31 March 2025
Accounting pollclos (¢onrfnuqd)
Tanglble assets
Tangible assets are initially recorded at cost, and subsequently ststed at cost less any accumulated
depreciation and impairment losses. Any tangible ass8ts carried at revalued amounts are recorded at
the fair value at the date of revaluation less any subsequent accumulated depreclation and
subsequent accumulated Impairnient losses.
An Increase in thé cartyng amount of an ass8t as a result of a revaluatlon, 18 recognlsed In other
racognlsed galns and losses, unless it reverses a charge for Impaimient that has prevlously been
recognSsed as expenditure wSthln the statement of financlal actlvttl8s. A decrease In the Garying
amount of an asset as a result of revaluation. Is recognlsed in other recognised galns and losses.
except to whlch it offsets any pravlous revaluation gain, In which case the Ioss is shown within other
recognised galns and losses on the statement of financial actlvities.
Doprnclallon
Depreclation is calculated so as to wrlte off the cost or valuation of an asseL less its residual value.
over the useful economic life of that asset as follows:
Long leasehold Rallway
Development
Short leasehold property
Fixtures and rIng8
4°A straight line
4% straight Ilne
15% reduclng balance
Impalrm•nt ol fixed a$$ots
At each balance sheet date, the company reviews the carrying amount of its tsnglble fixed assets to
determine whether there is any indlcatlon that any items have suffered an impaimient108s. If any
such indication exlts. the recoverable amtsjnt of an asset is estimated in order to detemilne the
extent of the impaimient1088, rf any.
Flnanclal In8trum•nts
A financial asBet or a finandal liability is recognlsed only when the entity becomes a party to the
contractual provisions of the instrument.
Basic financial Instruments are initially recognised at the amount recelvable or parable Including any
related transaction costs, unless the arrangement constitutes a financlng trans8Ction, where it is
recognised at the present value of the future paynents discounted at a market r8te of interest for a
similar debt Instrument.
Current assets and current liabilitles are subsequently measured at the cash or other consideration
expected to be pald or receiv8d and not dlscounted
10
Greater Morpeth Development Trust Limited
Company Limited by Guarantee
Notes to the Financial Statements (condnued)
Year ended 31 March 2025
A¢countlng pollcles r¢onthugdJ
Deflned Gontrlbullon plans
Contrlbutlons to defined contrlbutlon plans are recognlsed as an expense In the perfod In whlch the
related service is provided. Prepaid contributions are recognised as an asset to th8 extent that the
prepayment viill lead to a reduction In future payments or a cash refund.
When contributlons are not expected to be settled wholly wrthln 12 months of the end of the reportlng
date in vh)ich the employees render the related service. the liability is m8asur8d on a diounted
present valu8 basls. The uNinding of the dlscount Is recognised as an exp8ns8 in th6 perlod In
which it arlses.
Llmltod by guarant0•
Greater Morpeth Development TN8t Limttad 19 a Ilmlted company Ilmlted by guarantee and
accordingly does not have a share capital.
Every member of the cornpany undertakes to contribute such an amount as may be r8qulr8d not
exceedlng £1 to th8 assets of the charltabl8 company In the event of it being wound up wh518 he or
she is a member, or vAthSn on8 year after he or she caases to ba a member.
Donatlons and legaclo5
Unrestricted
Funds
Restrlctad Total Funds
Funds
2025
Donatlons
Clnema- Arts and Culture
Book Festival - Arts and Culture
Picnic- Arts and Culture
Theatre Tickets - Arts and Culture
3,894
3.894
5.443
5,443
500
2,041
2.041
6,435
5,443
11,878
Unrestricted
Funds
Restricted Total Funds
Funds
2024
Donatlons
Cinema - Arts and Culture
Book Festival - Arts and Culture
Picnic - Arts and Culture
Th8atre Tickets - Arts and Culture
4,084
3,571
275
4.084
3,571
275
2,788
2,788
2.788
7,910
10.698
Greater Morpeth Development Trust Limited
Company Limited by Guarantee
Notes to the Flnancial Stat8mentS {condnId}
Year ended 31 March 2025
Other trnding actlvlt188
Unrestricted
Funds
Restrlcted Total Fund8
Funds
2025
Walking Maps
Other Income
417
1,632
2,049
417
12,075
12,492
10,443
10,443
Unrestricted
Funds
Restrlcted Total Funds
Funds
2024
WalkirvJ Maps
Other income
923
9,142
10.065
923
9,142
10,065
other In¢omo
Unr8Strlcted Total Funds Unrestricted Total Funds
Funds
2025
Funds
2024
Rental Inome
57,235
57.235
55,451
55,451
Costs of ral8lng donatlons and legacl•$
Unrestricted Total Funds Unrestricted Total Funds
Funds
2025
Funds
2024
Costs of raising donations and legacies
1,301
1.301
ExndIture on charltabl• actlvltles by fund type
Unrestricted
Funds
Restricted Total Funds
Funds
2025
Support costs
16.725
141,440
158,165
Unrestricted
Funds
Restricted Total Funds
Funds
2024
Support costs
29.912
186.004
195.916
12
Greater Morpeth Development Trust Llmited
Company Limited by Guarantee
Notes to the Financial Statements (¢onflnu8d)
Year ended 31 March 2025
10. Expenditurn on charltable acllvltles by activlty typo
Total funds
2025
Total fund
2024
Support costs
Acti¥ity
Govemance costs
156,111
2,054
156,111
2,054
158,165
194,309
1,607
195.916
158.165
11. Analysls of support Costs
Analysls of
support costs
actlvlty 1 Total 2025 Total 2024
Govemance c06ts
sUpp(l costs - Other costs
2,054
158,111
158.165
2,054
156,111
158,165
1,607
176.840
178.447
12. Net oxpondltur•
Net expendlture Is stated after charglngl(crediting):
2025
2024
Depreclatlon of tangible fixed assets
82,219
82,212
13. Independont axamlnatlon fe81
2025
2024
Fees payable to the Independent examiner for:
Indepandent examinatlon of the flnancial statements
2,054
1,606
1& Staff c08ts
The total staff costs and employee bènefits for the reporting perlod are analysed as follows..
2025
2024
Wages and salaries
Employer contrlbutlons to pension plans
23.062
1,075
24,845
954
24.137
25,799
13
Greater Morpeth Development Trust Limited
Company Limited by Guarantee
Notes to the Flnancial Statements (contlnufjd)
Year ended 31 March 2025
14. Staff costs (¢onUnu•d)
The average head count of 8mpbyees during the year was 1 (2024.. 1 >. The average number of full-
time equivalent employees during the year is analysed as follows:
2025
No.
2024
No.
Number of staff - part tlme
No employee received employee benefrts of mor8 than £60.000 during the year (2024: Nil).
15. Trustee rnmunoratlon and oxpen8es
There were no trustees, remuneratlon or other benefits for the year ended 31 March 2024 or 2023.
There wero no trustees, expenses pald for tha year ended 31 March 2024 or 2023.
16. Tanglble flxad as•ots
Long
leasehold
property-
Railway
station
Short
leasehold Fixtures and
property
fittings
Total
Cost
At 1 Aprll 2024 and 31 March 2023
D•preclatlon
At 1 April 2024
Charge for the year
At 31 March 2025
2,033,449
7,905
16,259
2,057,613
379,000
81,338
460,338
7.905
10,382
881
397,287
82,219
479.506
7,905
11,263
Carrylng amount
At 31 MarGh 2025
1,573,111
1,654,449
4,998
5,877
1,578,107
1,660,326
Al 31 March 2024
17. Credltorn: amounts falllng due wlthSn one year
2025
2024
Trade creditors
Accruals and deferred Income
Social security and other taxes
Other credltors
2,999
5,175
1.567
13,082
5.603
24,941
221
12,602
22,823
43,367
14
Greater Morpeth Development Trust Limited
Company Limited by Guarantee
Notes to the Financlal Statements (Mnthiued)
Year ended 31 March 2025
18. Dèferred Incom•
2025
2024
Amount deferred in year
19. Penslons and other post retlrement beneflts
Deflned contrlbutlon plan8
The amount recognised in income or expenditure as an expense in relation to defined contribution
plans was £1,075 (2024: £954).
20. Analy&ls of charltablè fund8
Unrnstrlct•d funds
At
1 April 2024
At
Income ExpendSture 31 Mar¢h 2025
General funds
52,377
65,719
(16.725)
101,371
At
1 Aprll 2023
Income Expenditure 31 March 2024
General furKIs
15,286
68.304
{31.213)
52,377
Restrlctod fund8
At
1 April 2024
At
Income Expendlture 31 March 2025
Restricted Fund
1,616,938
15,886
(141,440) 1.491,384
At
1 Aprll 2023
At
Income Expendlture 31 March 2024
Restricted Fund
1,775.032
7.910
(166.004) 1,616,938
15
Greater Morpeth Development Trust Limited
Company Limited by Guarantee
Notes to the Flnanclal Statements (contlnu8d)
Year ended 31 March 2025
21. Analysls of net a880ts botween funds
Unrestricted
Funds
Restricted Total Funds
Funds
2025
Tangible fixed assets
Current assets
2,360
99,011
1,575,747
(84,363)
1,491,384
1,578,107
14,648
Net assets
101,371
1,592,755
Unrestricted
Funds
Restricted Totsi Funds
Funds
2024
Tanglble fixed assets
Current assets
Creditor8 less than 1 year
N•t ass•t8
2,777
49,6
1,657,548
{40,610)
1,660,325
8,990
52,377
1,616.938
1.669.315
16
Greater Morpeth Development Trust Limited
Company Limited by Guarantee
Management Informatlon
Year ended 31 March 2025
Th• followlng pages do nol form part of the Ilnanclal slat•m8nts.
17
Greater Morpeth Development Trust Limited
Company Limited by Guarantee
Detailed Statement of Financial Activities
Year ended 31 March 2025
2025
2024
In¢om8 and ondowmants
Donallons and legacles
Cinema - Arts and Culture
Book Festival - Arts and Culture
Picnic - Arts and Culture
Theatre Tickets - Arts and Culture
3.894
5.443
500
2,041
4,064
3,571
275
2.788
10,698
11,878
Other tradlng actlvltlos
Walklng Maps
Olher income
417
12,075
12,492
923
9,142
10,065
Oth•r Incomo
Rental Inoma
57.235
55,451
Total Income
81,605
76.214
Expondltur•
Costs of rnlslng donatlon8 and legacles
Cinema proJeGt
1,301
Expendlture on charltabl• actlvltl•8
Wages and salarles
Penslon
Establishment Cost and Room Hlra
Bank Charges
Professional fees
other costs
Marketing
Hotels and subsistance
Legal and prof8sslonal fees
Postage, Stationery and Photocopier
Depreciation
Repairs and maintenance
IT costs
23,062
1,075
8.099
79
4.580
18,982
2,974
526
2.950
2.268
82.219
5,495
5,856
24,845
954
29,067
60
7,739
13,742
4,384
802
16,019
2.916
82.212
7,490
5,686
158,165
195.916
Total •xpendlture
158.165
197.217
18
Greater Morpeth Development Trust Limited
Company Limited by Guarantee
Detailed Statement of Flnancial Actlvities (¢Qnthiuj
Year ended 31 March 2025
2025
2024
Net expendltur•
(76,560) {121.003}
19
Greater Morpeth Development Trust Limited
Company Limited by Guarantee
Notes to the Detailed Statsment of Financlal Activities
Year ended 31 March 2025
2025
2024
Costs of ralslng donatlons and legacles
Cinema project
1.301
Cosls of ralslng donatlons and legacle8
1.301
Expendlture on charltable actlvltles
Actlvlty
Support Gosts
Wages and salaries
Pension
Establishrnent Costs and Room Hire
Bank charges
Prof8sslonal f88S
other costs
Marketing
Hotels and subsitance
Management and maintenance
Postage, Stationery and Photocopiar
Depr8clation
Repairs and malntenance
IT costs
23,062
1.075
8,099
79
4,580
18,982
2,974
526
896
2,268
82,219
5,495
5,856
156,111
24,845
954
29.067
60
7.739
13,742
4.384
802
14.412
2,916
82,212
7,490
5.686
194,309
Governance costs
Governance costs - accountsncy fees
2,054
1,607
Expendtluro on Gharltable actlvltl•8
158.165
195,916
20
COMPANY REGISTRATION NUMBER: 05676236
CHARITY REGISTRATION NUMBER: 1117036
Greater Morpeth Development Trust Limited
Company Limited by Guarantee
Unaudited Financial Statements
31 March 2025
,IA Northumberland
ACCOUNTANTS
Russell House, Greenwell Road, Alnwick, Northumberland NE66 1 HB
Greater Morpeth Development Trust Llmited
Company Llmited by Guarantee
Financial Ststements
Year ended 31 March 2025
Page
Trustees, annual report (incorporating the directorfs report)
Independent examiner's report to the trustees
Statement of financial activities (including income and
expendlture account)
statement of financlal position
Notes to the financial statements
The followlng pages do not fonn part of the flnancial statements
Detailed ststement of financlal activitles
Notes to the detalled statement of financial activities
18
20
Greater Morpeth Development Trust Limited
Company Llmlted by Guarantee
Trustees. Annual Report (Incorporating the Directorfs Report)
Year ended 31 March 2025
The trustees. who are also the dlrectors for the purFK)s8s of company law. present th81r r8POrt and Ihe
unaudlted flnanclal statements of the charity for the year ended 31 March 2025.
Reforenc• and admlnlstratlve dotalls
Roglstored charlty name
Greater Morpeth Development Trust Llmlt8d
Charlty reglstratlon numbèr
1117036
Company roglstrntlon number 05676236
Prlnclpal office and reglsterèd 5 Benjamin Gr88n House
offlce
Coopies Lane
Morpeth
Northumb8rland
NE812SL
Th• tru8t•es
KM Bibby-wllson Retired
Educatlonal Professlonal
F Rescigno Retlred Chemical
Professional
R J C Burrow Rettred
M D Willis
H R Brown
D C Rlchards
J Foskett
L Robson MBE
(Reslgned 24 October 2024}
(Resigned 7 May 2024}
(Appointed 16 October 2024)
(Appointed 11 February 2025)
Company ucratsry
MD WIIIIS
Ind•pendent examln•r
Mich8el W Reed
Russell House
Greenwell Road
Alnwick
Northumberland
NE66 1HB
structure. govemance and managemont
The charty is controlled by Its governing document, a deed of trust, and constitutes 8 limited company,
limlt8d by guarantee as defined by tha companies Act 2006.
Greater Morpeth Development Trust Llmlted will develop Morpeth lo be a premier market town in North
East EnglarKI. promotlng and improving the town and Countryside for public benefit, economic and social
well-being of peopl8 living and working in Morpeth and its surrounding areas of Northumberland through
the promotion of urban and rural regeneratlon.
Greater Morpeth Development Trust Limlted
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Directorfs Report) (lI1U•d)
Year ended 31 March 2025
Structure. governance and management (Gonthiu•d)
The charty is required to report how It deals with fundralsityd from the public. The charlty does not use a
professional fundraiser or commercial participator to raise funds. Any moni88 raised direct from Ihe public
folk>ws all guidelines set out by the Charty Commission and UK law in every respect. W8 respect the
privacy and contact preferences of all donors.
The Board, who give their tlme freely and no trustees received remuneration In the year, have Gonsidered
vtho the Key Management Personnel (KMP) of the charity are. Together wilh the board, these KMP are
those In charge of directing and controlllng, running and operating tha activities of th8 charity on 8 day to
day basis. The pay of KMP is reviewed annually and nomally increased in accordance with averag8
8arnings. The trustees benchmark against pay levels of other charltles and similar organisations Within the
sector and the region. Pay levels are set using thls information together with th8 budget and forecast
informatlon, ensuring that the charity can affording proposed incr8ases. The trtjard than agre8 any upllft lo
remuneratlon.
ObJ•ctlvo8 and actlvlt108
Greater Morpeth Development Trust (GMDT) has been In existence slnce 2006 and the div8rse range of
projects carried out over the past nineteen years could not have happened without the support of our
partners, funders and members.
GMDT have corrtinued their objective of developing partnershlp ne$ through facilitatlon to develop
Inltlatlves and through the sklll base in the team addlng value where ever posslble to mak8 Morpeth a
quallty place to live.
GMDT h8V8 developed a portfolio of projects, such as the Book Festival. Clnema and Plcnic in the Park to
deliver thesa alms and objectlves and the major capital schemes which have benefitted the town includa
tha the redevelopment of Morpeth Town H811 and Morpeth Railway station which generated development
income and sustainable income to support the activities of GMDT. Thls has been achleved through the
support of a number of fundlng bodies who have invested Sn the vlslon to redevelop key public as88ts
wlthln Morpeth the main fund8rs belng Heritage Lottery Fund, NeIOrk Rail, Northem Tralns Limrted,
Northumberland County Counc51, Rallway Herftage Trust and North East Rural Grov/(h Notwork.
Achlevoments and performance
The exlstlng staff team Is made up of 2 part tlme members supported by a range of professlonal
aBsociates to dellver a portfolio of quallty projects and through engaglng volunteers, support and strong
parinership worklng we work to maintain our level of service and delivery for the benefit of Morpeth. More
detail abjut the activities during the year and photographs and testimonials of the projects can be seen on
our w8bsite www.gmdt.net and also withln our Annual Report.
Grnater Morpeth Development Trust Limlted
Company Limited by Guarantee
Truste•s' Annual Report (Incorporallng the Dlrèctorfs Report) (¢anllnu•*ll
Year end•d 31 March 2025
Fthanclal thlew
Morpelh RaIaY Statlon ha$ taken ov&r 3even years from inceptlon to compl•tlon and has been a major
undert8klng for a Charity of our s128 and could not have boon delIVer wlthout th• support of a portfofio of
fvnders prov5ded the capital lo realise the opportunlty of rfuvenating a key asset for thè town. N
only did th8 project relnstate 8 grad811 Ilsled buildlng lo It8 former glory but provldes a gateway to th& town
of whlch the publiG can bé proud. The fundlng was not onty s8cured to safeguard the futurq of th8 Grade11
Ust8d 6totk)n but to provid8 an onl9rIse hub for small busln8s5es as w8118s er68ting a state of the art
tlck8t office, and provido modern facillties for todays rail users Such as new toi1o1s, The occupation ol units
In the offl¢e sulle wlll provide an Income 8tream for GMDT wlTrlth shall 8U8tain the Charlty Sn firture years
and enable further publlc beneflt lo be reallsed.
8m411 eompiny provlslon•
This report ha8 been preparod In 8c¢ordance with the provisions appllc#¢)J*TO CO,
small companl&s 8xèmption.
The Iruylo88' Énnual roport was approved and slgned on beh811
)anles enlilw lo the
the board,
R J C Burrow Retir8
Trn8tee
M O Wllls
Trustee
Greater Morpeth Development Trust Limited
Company Limited by Guarantae
Independent Examinetrs Report to the Trustees of Greater Morpeth
Development Trust Limited
Year ended 31 March 2025
I report to the trustees on my examlnation of th8 financial statements of Greater Morpeth Development
Trust Limited ('the charfty) for the year ended 31 March 2025.
Re8ponslbllltles and basls of report
As the trustees of the company (and also its directors for the purposes of company law) you are
responsible for the preparation of the financlal st8tements in accordance wilh the requirements of th8
Companies Act 2008 (Ih8 2006 Act,).
Having satlsfled myself that the accounts of the company are not requlred to be audited under Part 16 of
th8 2006 Act and are ellgible for independent examlnatlon. I report in respect of my examination of the
charity's accounts as carried out under sectlon 145 of the Charities Act 2011 ('the 2011 Acf). In carrySng
out my examinatlon I have followed the Directions given by the Charity Commisslon under section
145(5Mb) of the 2011 Act.
Indondent examlnerf8 Statsm•nt
I have completed my examination. I confimi that no matters have come to my attention in connectk)n wlth
the examination giving me cause to believe:
accountlng r8cords were not kept in respect of the chartty as required by section 386 of the
2006 Ac(. or
the financlal statements do not accord with those records. or
the financi81 statements do not comply vAth the accounting requirements of section 396 of the
2006 Act other than any requlrement that the accounts give a ttrue and f81r' vlew whlch Is not
matter consldered 88 Part of an ind6P8ndent examinatlon; or
the financlal statements have not been prepargd in accordance wlth the methods and principles
of the Statement of Recommended Pr8ctice for accounting and reporting by charities applicable
to charities preparing their accounts In accordance with the Financial Reporting Standard
applicable In th8 UK and Republic of Ireland {FRS 102).
Greater Morpeth Development Trust Limited
Company Limited by Guarantee
Independent Examinerfs Report to the Trustees of Greater Morpeth
Development Trust Limited (contlnued)
Year ended 31 March 2025
I hav8 no concems and have come across no other matters in connection with the examination to which
attention sllould be drawn in this report in order to enable a proper understanding of the accounts to be
reached.
Mlcha81 W Reed
Independent Examiner
Russell House
Greenwell Road
Alnwlck
Northumberland
NE66 1HB
11 August 2025
Greater Morpeth Development Trust Limited
Company Limited by Guarantee
ststement of Financial Actlvltles
(including income and expenditure account)
Year ended 31 March 2025
2025
Restrlcted
funds Total funds Total funds
2024
Unrestricted
funds
Note
Incomo and endowments
Donations and legacies
Other trading activities
Other Incom8
6,435
2,049
57,235
65,719
5,443
10,443
11,878
12.492
57,235
81.605
10,698
10,065
55,451
76,214
Totsi Incom•
15.886
Expendltur•
Expenditure on raising funds..
Costs of raising donatlons and
legacl8S
Expendltur8 ¢xJ charltable actlvltles
Totsl •xp•ndlturo
1,301
195,916
197,217
9.10
16,725
141,440
141,440
158.165
158,165
16.725
Not oxpendlturn and nat movemenl In
fund•
48,994
(125,554)
(78,560) (121,003)
Reconelllatlon tsf funds
Total funds brought forward
Total funds Garrl•d forward
52,377
101,371
1,616.938
1,491,384
1,669,315
1.592.755
1,790.318
1,689.315
The statement of financial actlvities includes all gains and losses recognised in the year.
All Incom8 and 8XP8nditure deriva from continuing activiti88.
The notes on pages 8 to 16 form part of these flnanclal statemonts.
Greater Morp8th Development Trust Limited
Company Umlted by Guarantse
Statement of Financial Posltlon
31 March 2025
2025
2024
Fix•d a¥s•ls
Tanglble flxed assets
16
1.578.107
1.660,326
Curnnt a¥¥et*
Cash at bank ond In hand
37.471
52,356
Cr•dltors: amounts falllng du• wlthln one y•ar
Not curr•nt a88•ts
17
22.823
43.367
14,848
1,592,7S5
Total asséts IMS eurrent Il•bllltl•A
1,669.315
N•1 ao8•ts
1.592.755
1,669.315
Fund• Of the charlty
Restricted lunds
Unregtrlct8d lunds
1,491.384
101.371
20 1.592,755
1.616.938
52.377
Tolal ¢harlty fun
1,669,315
For fhe year endlng 31 March 2025 the charfty was ontldgd to gxemptlon from 8jIt under $8Ctlon 477 of
the Companlets Act 2006 relating to small companieJ.
Dlrector8' r8sponslblO1198',
Th8 members h¥we not roqulred the ¢omp8ny lo obtaln an audlt of its financlal statements for Iha
year In quesllon In AcoJrdanc8 wlth Sectlon 476;
Tho director8 acknoad their responslbllltltrs for coMpln9 wlth the requlr•m&nts of the Act wlth
r08pe¢t to accounting r8eords and Iha pr6paration of ftnanclal statements.
Th&8e financial statem8nt8 have been prepared in accordance wilh the provlslons appllcablo to companles
subjoct to Iho small compenles, reglme.
These Ilnanclal S18tentS wère approved by the board of Irus188s and aUlhor1ffXls8Ué and siw on
behalf of the boafd by.
R J C 8urrow Retir8d
Trustoe
M D Wlllls
Trust
The nt)ts8 on p49•$ 8 10 18 form part tsf these flnanelal slat•m•nts.
Greater Morpeth Development Trust Limited
Company Limited by Guarantae
Notes to the Financial Statements
Year ended 31 March 2025
Goneral Infomlatlon
The charity ts a public b8nefrt entty and a private company limited by guarantee, reglstered in
England and Wales and a registered charity in England and Wales. The address of the registered
office is 5 Benjamin Green House. Coopi8s Lane, Morpeth, Northumberland, NE612SL.
Statemant of compllanco
These financial ststements have been prepared In compllance wlth FRS 102. Th8 Flnanclel
Reportlng Standard appllcable In the UK and the Republlc of Ireland,, th8 Stst8ment of
Recomm8nded Practlce 8pplicab18 to charltles preparing their accounts In accordance with the
Flnanclal Reportlng Standard appllcable Sn the UK and Repu1¢ of Ireland (FRS 102) (Charilies
SORP {FRS 102)) and the Companies Act 2006.
AcGountlng pollcl•s
8a81$ of pr•paratlon
The finandal statements have been pr8par8d on the historlcal cost basls. Th8 financlal ststemarrts
are prepar8d in sterling, whlch Is the functlonal currency of th8 entity.
Golng concorn
Durlng the Covld 19 Pand8mlc the charity has faced dlfficulues In ralslng funds to finance Ihelr core
actlvltles and thls has been compounded by difficulties In the past of renting out unlts at Morpeth
Railway Station. The Trustee6 have in place agreements with prospectlve tenants for the let of Units
whlch should increase income to a level which will cover core costs. The Trustees have produced
budgets for the coming year which show Ihat funding is expected to be in place for the next 12
months. Therefora the Charity continues to operate as a going concem.
Dl8closur• •x•mptlons
The entlty satisfias the crlterla of being a qUalIn9 entity as defined In FRS 10. As such, advantage
has been taken of the following disclosure exemptlons 8vailable under paragraph 1.12 of FRS 102..
(a) No cash flow statement ha8 been presented for the company.
Judgoments and koy •ources of estlmatlon unc•rtalnty
The preparation of the flnancial statements requires management to make judgemenis, estlmates
and assumptions that affect the amounts reported. These estlmates and judgements are continually
reviewed and are based on experienc8 and other factors, including expectations of future events that
are believed to be reasonable under the circumstances.
Greater Morpeth Development Trust Limited
Company Limited by Guarantee
Notes to the Financial Statements (contlnu
Year ended 31 March 2025
Accountlng pollclos {¢ondnu•dJ
Fund accountlng
Unrestrlcted funds are available for use at the dlscr8tlon of the trustees to furth6r any of the charitys
purposes.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through
the terms of an app8al, and fall Into one of two Sub-classes: restrlcted incom8 funds or endowment
funds.
Incomlng re8ourco8
All Income is included In the statement of fir)anclal activities vthen 8ntltl8m8nt has passed to the
Gharlty, It Is probable that the economic benefits assoclated wSth the transactlon will flow to the ch8rlty
and the amount can be reliably measured. The following 6pecific policies are applled to partlcular
categories of Income:
income from donatlons or grants is recognlsed wh8n there Is eviden¢8 of entltlement to the glft,
rec81pt Is probable and its amounl can be measured reliably.
Income from donated goods is measured at the falr value of the goods unless this is impractical to
measure reliably, in which case the value is derived from the cost to the donor or the estimated
resale value. Donated faclllties and services are recogni8ed In the accounts when received rf the
value can be reliably measured. No amounts are Included for the contribution of general volunleers.
Income from contracts for the supply of setvlces is recognised with the delivery of the contracted
service. This is dassified 88 unr8Stricted funds unless there is a contractual requirernent for it to be
spent on a partlcular purpose and returned if unspent, in whlch case it may be regarded as restriGted.
Resources •xpond8d
Expendlture Is racognised on an accruals basis as a Ilablllty Is Incurred. Expenditure includes 8ny
VAT whlch cannot be fully recovered. and Is classified under headings of the statement of firk3ncial
activities to vthich it relates:
expendFture on raising funds includ88 the costs of all fundraising activitie8, events, non-
charltable tradlng activitie8. and the sale of donated goods.
expenditure on charitable activities includes all costs Incurr8d by a charity in undertaking
actlvltles that further its charitable aims for the benefrt of its beneficiaries, including those
support costs and costs relating to the governance of the charity apportioned to charFtable
activities.
other expenditure includes all expenditure Ihat is netther related to raising funds for the charity
nor part of its expenditure on charitable actlvities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs
attributable to a single activity are allocated directly to that actlvSty. Shared costs are apportioned
between the actlvltles they contribute to on a reasonable. jUStifiabl8 and consistent basis.
Greater Morpeth Development Trust Limited
Company Llmited by Guarantee
Notes to the Flnancial Statements {conUnued)
Year ended 31 March 2025
Accounting pollclos (¢onrfnuqd)
Tanglble assets
Tangible assets are initially recorded at cost, and subsequently ststed at cost less any accumulated
depreciation and impairment losses. Any tangible ass8ts carried at revalued amounts are recorded at
the fair value at the date of revaluation less any subsequent accumulated depreclation and
subsequent accumulated Impairnient losses.
An Increase in thé cartyng amount of an ass8t as a result of a revaluatlon, 18 recognlsed In other
racognlsed galns and losses, unless it reverses a charge for Impaimient that has prevlously been
recognSsed as expenditure wSthln the statement of financlal actlvttl8s. A decrease In the Garying
amount of an asset as a result of revaluation. Is recognlsed in other recognised galns and losses.
except to whlch it offsets any pravlous revaluation gain, In which case the Ioss is shown within other
recognised galns and losses on the statement of financial actlvities.
Doprnclallon
Depreclation is calculated so as to wrlte off the cost or valuation of an asseL less its residual value.
over the useful economic life of that asset as follows:
Long leasehold Rallway
Development
Short leasehold property
Fixtures and rIng8
4°A straight line
4% straight Ilne
15% reduclng balance
Impalrm•nt ol fixed a$$ots
At each balance sheet date, the company reviews the carrying amount of its tsnglble fixed assets to
determine whether there is any indlcatlon that any items have suffered an impaimient108s. If any
such indication exlts. the recoverable amtsjnt of an asset is estimated in order to detemilne the
extent of the impaimient1088, rf any.
Flnanclal In8trum•nts
A financial asBet or a finandal liability is recognlsed only when the entity becomes a party to the
contractual provisions of the instrument.
Basic financial Instruments are initially recognised at the amount recelvable or parable Including any
related transaction costs, unless the arrangement constitutes a financlng trans8Ction, where it is
recognised at the present value of the future paynents discounted at a market r8te of interest for a
similar debt Instrument.
Current assets and current liabilitles are subsequently measured at the cash or other consideration
expected to be pald or receiv8d and not dlscounted
10
Greater Morpeth Development Trust Limited
Company Limited by Guarantee
Notes to the Financial Statements (condnued)
Year ended 31 March 2025
A¢countlng pollcles r¢onthugdJ
Deflned Gontrlbullon plans
Contrlbutlons to defined contrlbutlon plans are recognlsed as an expense In the perfod In whlch the
related service is provided. Prepaid contributions are recognised as an asset to th8 extent that the
prepayment viill lead to a reduction In future payments or a cash refund.
When contributlons are not expected to be settled wholly wrthln 12 months of the end of the reportlng
date in vh)ich the employees render the related service. the liability is m8asur8d on a diounted
present valu8 basls. The uNinding of the dlscount Is recognised as an exp8ns8 in th6 perlod In
which it arlses.
Llmltod by guarant0•
Greater Morpeth Development TN8t Limttad 19 a Ilmlted company Ilmlted by guarantee and
accordingly does not have a share capital.
Every member of the cornpany undertakes to contribute such an amount as may be r8qulr8d not
exceedlng £1 to th8 assets of the charltabl8 company In the event of it being wound up wh518 he or
she is a member, or vAthSn on8 year after he or she caases to ba a member.
Donatlons and legaclo5
Unrestricted
Funds
Restrlctad Total Funds
Funds
2025
Donatlons
Clnema- Arts and Culture
Book Festival - Arts and Culture
Picnic- Arts and Culture
Theatre Tickets - Arts and Culture
3,894
3.894
5.443
5,443
500
2,041
2.041
6,435
5,443
11,878
Unrestricted
Funds
Restricted Total Funds
Funds
2024
Donatlons
Cinema - Arts and Culture
Book Festival - Arts and Culture
Picnic - Arts and Culture
Th8atre Tickets - Arts and Culture
4,084
3,571
275
4.084
3,571
275
2,788
2,788
2.788
7,910
10.698
Greater Morpeth Development Trust Limited
Company Limited by Guarantee
Notes to the Flnancial Stat8mentS {condnId}
Year ended 31 March 2025
Other trnding actlvlt188
Unrestricted
Funds
Restrlcted Total Fund8
Funds
2025
Walking Maps
Other Income
417
1,632
2,049
417
12,075
12,492
10,443
10,443
Unrestricted
Funds
Restrlcted Total Funds
Funds
2024
WalkirvJ Maps
Other income
923
9,142
10.065
923
9,142
10,065
other In¢omo
Unr8Strlcted Total Funds Unrestricted Total Funds
Funds
2025
Funds
2024
Rental Inome
57,235
57.235
55,451
55,451
Costs of ral8lng donatlons and legacl•$
Unrestricted Total Funds Unrestricted Total Funds
Funds
2025
Funds
2024
Costs of raising donations and legacies
1,301
1.301
ExndIture on charltabl• actlvltles by fund type
Unrestricted
Funds
Restricted Total Funds
Funds
2025
Support costs
16.725
141,440
158,165
Unrestricted
Funds
Restricted Total Funds
Funds
2024
Support costs
29.912
186.004
195.916
12
Greater Morpeth Development Trust Llmited
Company Limited by Guarantee
Notes to the Financial Statements (¢onflnu8d)
Year ended 31 March 2025
10. Expenditurn on charltable acllvltles by activlty typo
Total funds
2025
Total fund
2024
Support costs
Acti¥ity
Govemance costs
156,111
2,054
156,111
2,054
158,165
194,309
1,607
195.916
158.165
11. Analysls of support Costs
Analysls of
support costs
actlvlty 1 Total 2025 Total 2024
Govemance c06ts
sUpp(l costs - Other costs
2,054
158,111
158.165
2,054
156,111
158,165
1,607
176.840
178.447
12. Net oxpondltur•
Net expendlture Is stated after charglngl(crediting):
2025
2024
Depreclatlon of tangible fixed assets
82,219
82,212
13. Independont axamlnatlon fe81
2025
2024
Fees payable to the Independent examiner for:
Indepandent examinatlon of the flnancial statements
2,054
1,606
1& Staff c08ts
The total staff costs and employee bènefits for the reporting perlod are analysed as follows..
2025
2024
Wages and salaries
Employer contrlbutlons to pension plans
23.062
1,075
24,845
954
24.137
25,799
13
Greater Morpeth Development Trust Limited
Company Limited by Guarantee
Notes to the Flnancial Statements (contlnufjd)
Year ended 31 March 2025
14. Staff costs (¢onUnu•d)
The average head count of 8mpbyees during the year was 1 (2024.. 1 >. The average number of full-
time equivalent employees during the year is analysed as follows:
2025
No.
2024
No.
Number of staff - part tlme
No employee received employee benefrts of mor8 than £60.000 during the year (2024: Nil).
15. Trustee rnmunoratlon and oxpen8es
There were no trustees, remuneratlon or other benefits for the year ended 31 March 2024 or 2023.
There wero no trustees, expenses pald for tha year ended 31 March 2024 or 2023.
16. Tanglble flxad as•ots
Long
leasehold
property-
Railway
station
Short
leasehold Fixtures and
property
fittings
Total
Cost
At 1 Aprll 2024 and 31 March 2023
D•preclatlon
At 1 April 2024
Charge for the year
At 31 March 2025
2,033,449
7,905
16,259
2,057,613
379,000
81,338
460,338
7.905
10,382
881
397,287
82,219
479.506
7,905
11,263
Carrylng amount
At 31 MarGh 2025
1,573,111
1,654,449
4,998
5,877
1,578,107
1,660,326
Al 31 March 2024
17. Credltorn: amounts falllng due wlthSn one year
2025
2024
Trade creditors
Accruals and deferred Income
Social security and other taxes
Other credltors
2,999
5,175
1.567
13,082
5.603
24,941
221
12,602
22,823
43,367
14
Greater Morpeth Development Trust Limited
Company Limited by Guarantee
Notes to the Financlal Statements (Mnthiued)
Year ended 31 March 2025
18. Dèferred Incom•
2025
2024
Amount deferred in year
19. Penslons and other post retlrement beneflts
Deflned contrlbutlon plan8
The amount recognised in income or expenditure as an expense in relation to defined contribution
plans was £1,075 (2024: £954).
20. Analy&ls of charltablè fund8
Unrnstrlct•d funds
At
1 April 2024
At
Income ExpendSture 31 Mar¢h 2025
General funds
52,377
65,719
(16.725)
101,371
At
1 Aprll 2023
Income Expenditure 31 March 2024
General furKIs
15,286
68.304
{31.213)
52,377
Restrlctod fund8
At
1 April 2024
At
Income Expendlture 31 March 2025
Restricted Fund
1,616,938
15,886
(141,440) 1.491,384
At
1 Aprll 2023
At
Income Expendlture 31 March 2024
Restricted Fund
1,775.032
7.910
(166.004) 1,616,938
15
Greater Morpeth Development Trust Limited
Company Limited by Guarantee
Notes to the Flnanclal Statements (contlnu8d)
Year ended 31 March 2025
21. Analysls of net a880ts botween funds
Unrestricted
Funds
Restricted Total Funds
Funds
2025
Tangible fixed assets
Current assets
2,360
99,011
1,575,747
(84,363)
1,491,384
1,578,107
14,648
Net assets
101,371
1,592,755
Unrestricted
Funds
Restricted Totsi Funds
Funds
2024
Tanglble fixed assets
Current assets
Creditor8 less than 1 year
N•t ass•t8
2,777
49,6
1,657,548
{40,610)
1,660,325
8,990
52,377
1,616.938
1.669.315
16
Greater Morpeth Development Trust Limited
Company Limited by Guarantee
Management Informatlon
Year ended 31 March 2025
Th• followlng pages do nol form part of the Ilnanclal slat•m8nts.
17
Greater Morpeth Development Trust Limited
Company Limited by Guarantee
Detailed Statement of Financial Activities
Year ended 31 March 2025
2025
2024
In¢om8 and ondowmants
Donallons and legacles
Cinema - Arts and Culture
Book Festival - Arts and Culture
Picnic - Arts and Culture
Theatre Tickets - Arts and Culture
3.894
5.443
500
2,041
4,064
3,571
275
2.788
10,698
11,878
Other tradlng actlvltlos
Walklng Maps
Olher income
417
12,075
12,492
923
9,142
10,065
Oth•r Incomo
Rental Inoma
57.235
55,451
Total Income
81,605
76.214
Expondltur•
Costs of rnlslng donatlon8 and legacles
Cinema proJeGt
1,301
Expendlture on charltabl• actlvltl•8
Wages and salarles
Penslon
Establishment Cost and Room Hlra
Bank Charges
Professional fees
other costs
Marketing
Hotels and subsistance
Legal and prof8sslonal fees
Postage, Stationery and Photocopier
Depreciation
Repairs and maintenance
IT costs
23,062
1,075
8.099
79
4.580
18,982
2,974
526
2.950
2.268
82.219
5,495
5,856
24,845
954
29,067
60
7,739
13,742
4,384
802
16,019
2.916
82.212
7,490
5,686
158,165
195.916
Total •xpendlture
158.165
197.217
18
Greater Morpeth Development Trust Limited
Company Limited by Guarantee
Detailed Statement of Flnancial Actlvities (¢Qnthiuj
Year ended 31 March 2025
2025
2024
Net expendltur•
(76,560) {121.003}
19
Greater Morpeth Development Trust Limited
Company Limited by Guarantee
Notes to the Detailed Statsment of Financlal Activities
Year ended 31 March 2025
2025
2024
Costs of ralslng donatlons and legacles
Cinema project
1.301
Cosls of ralslng donatlons and legacle8
1.301
Expendlture on charltable actlvltles
Actlvlty
Support Gosts
Wages and salaries
Pension
Establishrnent Costs and Room Hire
Bank charges
Prof8sslonal f88S
other costs
Marketing
Hotels and subsitance
Management and maintenance
Postage, Stationery and Photocopiar
Depr8clation
Repairs and malntenance
IT costs
23,062
1.075
8,099
79
4,580
18,982
2,974
526
896
2,268
82,219
5,495
5,856
156,111
24,845
954
29.067
60
7.739
13,742
4.384
802
14.412
2,916
82,212
7,490
5.686
194,309
Governance costs
Governance costs - accountsncy fees
2,054
1,607
Expendtluro on Gharltable actlvltl•8
158.165
195,916
20