2024-03-31-accounts

Charlty registratlon number 1119143 Company registration number 048272551England & Wales) (A company Ilmlted by guarantee The Linskill and North Tyneside Community Development Trust Annual report and financial statements For the year ended 31 March 2024

THE LINSKILL AND NORTH TYNESIDE COMMUNITY DEVELOPMENT TRUST CONTENTS Page Relerence and administralive details Chief Executives Report Truslees, Report 3-12 Independertl Auditors Rewrt 13-15 Consolidated Statement of Financial Activities 16-17 Con501idated Balance Sheet 18 Charity Balance Sheet 19 Cash Flow Slatement Notes lo the Con501idated Financial Statements 21.35

THE LINSKILL AND NORTH TYNESIDE COMMUNITY DEVELOPMENT TRUST LEGAL AND ADMINISTRATIVE INFORMATION Trustees J Prendergast. Chairman S Bums B J Fitzgerald S A McLoughlin J Mcmanus A R Muifitt E Patience R Boston S A Smith A M Watson (Appointed 14 November 2023) (Apwinled 14 November 2023) Chief Executlve Officer S Ripley Company Rpgistratbon Number 04827255 (England & Wales Charity Reglstratlon Number 1119143 Reglsterèd offlc8 The Linskill Centre Linskill Terrace North Shields NE30 2AY Bankers Unity Trust Bank plc 4 Brindley Place Birmingham B12JB SoliGilors Muckle LLP Time Central 32 Gallowgate Newcasue upon Tyne NE14SN Auditors Robson Laidler Accountants Limited Fernwood House Femwood Road Jesmond Newcastle upon Tyne NE2 1TJ

THE LINSKILL AND NORTH TYNESIDE COMMUNITY DEVELOPMEKf TRUST CHIEF EXECUTIVE'S REPORT FOR THE YEAR ENDED 31 MARCH 2024 l am pleased to report another positive and produciive year for the Trust and for our th￿e communily hubs.. Linskill Centre: Royal Quays Community Cenlre", Battle Hill Multi-use Centre. The steady growth which we anticipated al the end of 2023, continued apar￿ in 2023124 with all departments rel￿rting increases in numbers of those a￿essing our services and facilities. Regular weekly attendance at Linskill Centre. the largest ol our three hubs, grew from 4000 in 2020 lo 5500 now and there is every reason to believe this wll conlinue in a similar vein in 2024125. We worked hard throughout the year to consolidate our financial position. overcDm8 the cost-of-living increases and grow our free reserves We were fortunate lo secure a grant from the Community Organisations Cost of Liwn9 Fund {administered by NatK)nal Lottery Communily Fund) whth helped with this. We also sought to reduce our energy costs by carrying out phase one of an exciting programme of renewable energies installations. Howèver, with energy costs doubling during the year we recognised we needed to do moKe and so we have ambitious plans to carry out a phase two programme during 2024125. This will not onty reduce our operating costs but will also make a signrficant impact on reducing carbon ernissions in keeping with our enwronmental commitmenls. These commilments are very important to us and are not limited lo energy. During the year we also helped eenlre users who ovm èlectric cars by installing EV charging poinls in the car park at Linskill Cenlre and a local company, Buy the ￿10, held a community Environment Day at the Gentre to raise environmental aNYareness. Having been awarded a prestigious Weston Charity Award in 2022. we were provided with a programme of strategic consultancy SUPPOrt from Pilollighl 360. and during 202J23 we worked closely with them focusing on foijr key areas.. Strategy., Finances: Markeling.. Hub and Spoke model. With this support the Board and I have been provided with much needed headspace to be able lo think more strategically away from operational matters. As a resull. and with Pilollight 5UPPOrt, we have produced a brand-new stralegy document and improved how we market our f8cililies. activities and services through the introduction of 8 vastly improved and more user-friendly website visit it at VvWW.lin None of what we have achieved would have ￿en possible WFthout the profesSi￿all$M. dedication and commitment of our Senior Leadership and staff teams. lo whom we owe many thanks. l am confident WFth their ongoing support and with the help of our Board and our many volunteers we can look forward to wing from strength lo strength in the year ahead. Simeon Ripl•y Chl8f Execut've Dale ,10714

THE LINSKILL AND NORTH TYNESIDE COMMUNrrY DEVELOPMENTTRUST TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2024 The tTuslees present their annual report fin¥rial statements for the year ended 31 March 2024. The financial statements have been prepared irb acC(￿danCe with the accounting poI￿leS sel out in note 1 to the financial slalements and comply with the Charity's governing document. Ihe Companies Act 2006 and -Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to chanties preparing their accounts in accordance with the Financial Reports'ng Siandard applicable in the UK and Republic of Ireland (FRS 102). (effective 1 January 20191_ OBJECTIVES AND ACTIVITIES Polici08 and objectives The objects. for which LNTCDT is established, are stated in its memorandum of Association and are as follows.. To promote the benefit of the inhabitanls of the communities of the North Tyneside area without distincb.on of sex. sexual orientation, race or polib'cal. religioLtS or other opinions by associating togelher the said inhabitant5 8nd the local authorities. voluntary and other organisations in a common effort lo advance educalion, training arKJ yoviding opportunitie5 in the interests of social welfare with the primary obJ"eclNe of improving the condiiions of life for said inhabi18nts. To establish or secure the establishment of the Community Resource Centre {Linskill Cenlre) and maintain and manage the same whether alone or in parelnership or in co-operation with local aulhorilies or other persons in the furtherance of Ihe stated obj'ects. In setting the objectives and planning for activities. the trustees have given due cmsideration to general guidance published by the Charty coMm￿s1on relat￿g to put)lic benefrt. including Ihe guidance "public benefil: running a charity (PB2)' Stratogies for achieving obJ•etlves The trust's strategK priorrties. as agreed by the board of trustees are.. Improbing Our Facilities- We will se¢ure investment into our community facilities to ensure they become 'go to. destinations that meet the expectations of today. Growing Strong Community Businesses - We wll grow our community Iwsines5es to become leaders in the field of evenls, calering and conference hire with well organized brands. Our community businesses will diversify their income streams to ensure they become robust businesS8S. Responding lo Communily Need - We will develop and deliver a range ol community developm8nl projects lo meetrnmmunity need. The strands wll focus on Older People, Employability. Adult Learning. Health & Wellbeing and Children & Familie5. Extending Our Re%h and Asset Base- We will exparKI our asset base and establish a hub and spoke model for both community facilities and Linskill Nursery. Ihereby extending our reach across the borough in asswialion with North Tyneside Council. Developing a strong and Sustainable Organisabon - We will be an enlerprising, sustainable and well connected organization that is seen as one of the lead organisations in North Tyneside.

THE LINSKILL AND NORTH TYNESIDE COMMUNITY DEVELOPMENT TRUST TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2024 ACHIEVEMENTS AND PERFORMANCE COMMUNITY PROGRAMME The Trust's Community Programme has three key strands lo it - the onsrte nursery, a children and young people's (and families) programme. and a programme for adults. Llnskill Nursery is an 80 place Ofsled registered childcare provider. providing care and education for children aged six weeks to five years. An eXpe￿need and mots'vated nursery team Tnanage five bespoke rooms, each specifically resourced to ffteet the developmenlal needs of Ihe different age groups. Key features of the nursery Cu￿1c￿luM include learning ihrough movement and in particular learning in the outdoors, developing environmenlally susiainable practices, nature inspired learning and connecting with the local community The nursery is very popular wilh IoGal families and is a leading provider in the area. Ihe annual survey reporting the majority of the nursery customers chose our nursery for its ethos and currthlum. The nursery is in great demand with a substantial waiting list, which demonstrates its good reputats'on. Nurse hts The growing programme continues to be a highlight of Ihe educational programme and has seen the Nursery grow produce such as pumpkins. onions. potatoes and raspberries. The children have planted, cullivated, harvested and then Gooked wilh their home-grown produce in the on-site community kilchen which supports environmentally sustainable goals. A new Pre-school Room was set up in the nursery in response lo the demand for a larger number of children staying on with the nursery ralher than joining local schools for their final year before going into recepbon. A successful intergeneralional prq'ect began during the year which Inks the nursery with Linskill Park, the adjacent assisted living complex. This enables children lo meet and interact viilh the residents there. The children visit weekly and share arts. crafts. slories and songs. The benefits for bolh the dder people and the children are well evidenced and a good litne is had by all. Children, young people and families, programmo Throughoul the year we continued to offer 8 weekly programm8 of fun activities for families wilh children under four years, designed to meet the developmental needs of children from the young8sI infants through to pre-school age. The acb"vitses also Greate opportunities for peer support and frierK15hips, contrTbuting to posits've parental mental health. Activities include a rolling programme of infant massage to support heallhy attachments, a weekly baby & toddler 9roup and a sensory play session (in a bespoke and unique on-sile sensory room). We also Gonlinued to offer valuable regular youth provision: The Hot Chocolate Club al Battle Hill Multi Use Centre is lor young peO￿e aged 11-16 years old and is a once- week evening session providing diversionary aclivities lo reduce levels of crime arKI anti-social behaviour in the area. Approximately 18 young people per week attend these sessions. )Mth 9aming, sports and cookery popular choices of activily. Session5 on knife cnme and county lines have taken place with the support of the local police to educate young people and support community cohesion. A Saturday Club for children and young people aged 8-15 years have special edvcation31 need5 andlor disabilities also continued, With around 12 regular attendees. the dub offers a variety of activiti&s including arts, crafts. cooking and spoty games, althwgh k8raoke remains a fiTm favourite vith the young peoplel Members of the Club had the opportunity to WOTk with another local organisation Smile Through Sport and benefitted from sports coaches ¢oming out to deliver some sports Ihemed sessions which y￿re very well received.

THE LINSKILL AND NORTH TYNESIDE COMMUNITY DEVELOPMENTTRUST TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2024 The Adult Programme Activities It was a very busy year for this programme which engaged around 6tIOO adults. The Adull programme aims to improve mental health and wellbeing by lollowing the 'Five ways to wellbeing. rrK*Jel, provKling opportunities for people to.. KEEP LEARNING new skills and gain knowledge . KEEP ACTIVE CONNECT wrth others to form friendships and estsbksh social ne￿OrkS . TAKE NOTICE and be present irb the moment . GIVE lo others and practice acts of kindness Alongside a CO￿ programme of weekly and M￿thlY activities (volunteer led SOCkgVcraftlreadinglcreative writing groups, Film Club, Tai Chi. Pilates & Cycling Club), amongst other things. Part￿1pants have: been bird watching at Howdon Wetlands been b8t watching al Northumbertand PaTk leamed all about fungi at Northumbedandia with The Wildlife Trust. visited Edinburgh. York. Whitby. Holy Island and Ripon for social days out. delved into the history of Newcasue. Wallsend. Cullercoats arld Tynemouth Stations. discovered the secrets of Sundertand Minister, Sevenleen Nineteen Holy Trinity Church and ihe Inns of Bi5hopWeannouth during guhled heritage tours. danced at the summer ceilidh and sipped hol chocolate at the Christmas Fay￿. experienced art in the open at the Yorkshire Sculpture Park and Amble Art Trail There were significant positive Outcomes from these activits'es which ￿ summed up in the comments below and the word cloud which follows. 99% of partielpants greatly enjoyed these sesslon5: 'Enjoyed gelling out and about in a lovely environment, and chattirvJ to others. -1 k)oked forward to each session and was not disappointed- 'It was nice to come out and relax but have your mind stimulated" 95% reported a positlve effoct on their mood: "I really struggle with new people 8nd new sI￿at￿S. and thi5 has realty hel￿￿ my personal mental health" -makes me feel uplifted and motivated- "To be with like-minded pecfjle is a little pocket of joy" 63Y• roported feeling more confident: "I feel more confident in my cycling ability.. fd do it again and may even book a cycling holiday r￿w, "I have been suffering from clinical depression for a year. The sessions were the start of me doing things again- "Learning something new gives a confidence boost" 86% sald th•lr skllls and knowledge have Incr•as8d: "Certainly, increased my knowledge of the area, and I learned and saw things I would have missed rf I'd just gone on my own. "Leamt about history Of Rippm and its historical t￿ildIngS Connecting With others has a positNe effect on mental health."

THE LINSKILL AND NORTH TYNESIDE COMMUNITY DEVELOPMENT TRUST TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2024 88% said that comlng to an activity makes them f901 part of their local communlty.. 'So many of the people at the session I￿e got to know frc*n other classes at Linskiir 'The last 12 months have been bnlliant to help feel part of my neN communty ' "You meel so many peryle wrth the same interests and leaming together helps build new friendships" 81% sald that their sense of health aNI wellbeing has improved: "A￿ayS better lo be out and about than staying at home risking four walls syndrome. 'Gettin9 me out and about and doing something new is greal for my mental health and weU-beirKJ" The Shedders The Shed continued to be a much-valued proiect. Funded through the Integrated Care Board <ICB) li provide5 members of the local community, wth access to a converted space which offers woodworfi. with the aims of upskilling. reducing Social isolation, and improving health and wellbein9 A Woodwork Supervisor is employed by the Trust to oversee Ihe operation of the Shed, while there are also several volunteers who shafe their skills and knowledge to support the delivery of the shed's objective5. The Shed is considered a flagship for Ihe ICB and is held in high Tegard by referring agencies and organisat¥)ns, such thal Shed places are in high demand. The Shed continues to be a safe place where friendships are made, skills and experience are shared arKI leamt. It provide5 routine to the participants and is a place vthere health and wellbeing is openly talked about to improve their quality of life. The Shed ha5 8 registered volunteers who support its activities. and around 20 Shedders in iot81 8ttend Ihe Shed across the week. The Shed runs all year rwnd and we are hopirwJ to expand this lo meet rising demand. The Shed also offers popular volunteer led community v￿rks1￿)PS for local Feople vtho can come alon9 and try their hand at Iheir own woodwork proiect. Pro ramm8 Linskill Riders continued this year thank5 to Big Bike Revival Cycling grant funding. CyGllng aclivilies included. cycling foT beginners. improvers and returners lo cycling. challenge bike ride5', Dr Bike sessions (volunteer bike mechanics sessions including setting up your bike safely and bike maintenance sessions" 8nd skills sesstons such as leaming about gears. puncture repair and route planning This programme aims to: Gel people active as part of a healthy lifestyle., help people connect with others and reduce isolation", increase confidence and skills,. encourage sustainable ways to travel. 81 participants look part in the Linskill Riders programme and total of 38 sessions were delivered. A5 part of the Cycling programme, several volunteers have been trained to lead soaal rides. These rides are org8nised via a What&qpp group. They encourage independence and provide moTe social connections and opportunities to be active. 46 people participated in the volunteer led rides. with 63 rides taking place in all, The Linskill Cycling Programme is a great demonstration of how Linskill Trust 5UPPOrts the local community to lead physically active. heaSthy lifestyles. The quotes and chart which follow demonstrate the imm the cyding programme has had on those taking part.. '1 can'l begin to tell you how much l enjoyed this lrip. I c(xHdn't have ov8n c(Av#emplated d￿ng il wilhoul all the help you've all givon me over the last year8nd a ham. ' KeK)ies Ride parbcipant. 'Tl)8nks to everyone for a really good year. I have achieved MO￿ on my bike this y9ar than ever belore because of this group. 'Look lonvard to going o(it and socializing in a local group and118ving Ihal sense of communily r81her than g￿ng oul on my own. 11 also gives me exercise and improves my fitness at the same tuno..

THE LINSKILL AND NORTH TYNESIDE COMMUNITY DEVELOPMENTTRUST TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2024 BUILDINGS AND BOOKINGS Buildin rovement Following refurbishment works al the Royal Quays Communty Cenlre wthich were completed in 2022 {including new UPVC ￿ndOWS, relurbishment of toilets. refurbishment of kitchen and a new kitchenette, creation Df a new meeting room, and replacement of doors and floor in the main hall). additional works continued into 2023. These included the installation of 8 suspended ceiling in the main hall to reduce energy cosis and noise reverberation, along with some painting and decorating. Several building projects al Linskill Centre were also completed Ihis year. These included.. Repair and resurfacing of 8 section of Ihe car park.. resurfacing and vamishing of the Trevelyan Hall floor: the installation of four new energy efficient boilers and installation Df five EV car chaTge points. Following a few busy months ol capital and refurbishment projects al Linskill Centre and Royal Quays Community Centre. we turned our attention to a scheme of works al Batue Hill Mulli-use Centre during trie summer. all ofwhich was completed in-house by our Mainlenance Team. This included painting and decorating the Hall. toilets. hallways, and meeting room, Ihe removal of excess furnrture and clutter and some improvements lo the fapde of the building. Environm and renewables The Trust is committed to contributing to the athievement of the local Councils target to make North Tyneside carbon net-zero by 2030. and to encouragin9 and supporting our community to reduce its environmentsl impacl. We work wilh our Gommunity to make facilities and businesses more suslainable. reducing waste and increasino engagement. Over recenl years the Trust has taken signifKant steps lo move Linskill Centre away from grid energy use towards renewables to reduce our Garbori footprinL energy usage and energy bills and to ensure we deliver on our environmental strategy. In this respect, Phase One of our renewable energies project was completed in F8bruary 2024 which included the installation of an energy efficient air Source heat pump and additional solar PV panels at Linskill Centre along with thennal PV panels and solar PV panels at Royal Quays c￿Munity Centre_ During 2024125 we exrect to secure funding to 811ow us to deliver the second and final phase of installing renewables at Linskill Centre. This wll include additional air 50UTce heat pumps and solar PV panels. As a resull. Ihe Trusi anticipates considerable savings will be made which will be even rn0￿ important rf. as expecied, energy and oth8r costs conlinue to rise over the next ￿ lo three years. This year the Trusl also invested in additiwal LED lightin9 With the instsllalion of 153 lights at Linskill Centre Nursery and Battle Hill Multi Use Centre by our in-house maintenance team. Finally. thanks tofunding from Loganairfs Green Skies Community Fund, we were able to install five electric vehicle charge poinls Linskill Centre car park for slaff. lenants. building users, and community use. Environmental Awareness The 'No Time For Waste, Environment Day organised by Jackie Sewell of Buy The Kilo took place on 25 February 2024 at the Linskill Centre. The aim of this evenl was to raise enwronmenlal awareness and encourage people to make changes in Iheir choices and lifestyle to reduce their cart)on footprint. Over 1000 people attended the event, which was widely praised and publicized. including hawng TV coverage on local ITV News. This event is in keeping with the Trust:s mission to be recognised as one ol the most environmentally sustainable community-led Trusts in the North East. It is likely this will become an annual event and Mlh next years. Nthich will be even bigger, being booked to take place on 16 March 2025. Bookin

THE LINSKILL AND NORTH TYNESIDE COMMUNITY DEVELOPMENT TRUST TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2024 As we continLJed lo work hard lo improve our buildings. we were pleased to see that this year has been one ol remarf(able growth and success for Casual Room Hire. with over 6.000 room bookings made. These bookings came Irom a diverse range of new and returning customers and underscore. in particular. Linskill Centres repuialion as preferred provider for events. training seminars, Workshops and meetings. The Events department enjoyed a particularty SLfccessful year being pritrileged lo assist eight couples in planning and celebrating their weddings. The feedback from all our weddings and evenls was incredibly positive. with customers praising our fantastic stsffing team. unique buikjing, beautilul outdoor Sp￿e, and exceptional catering_ Our commitment to providing exceptional customer seNi¢e and a welcoming environment has driven our conlinued popularity and success in making Linskill Centre a go lo venue for weddings. Pa￿eS arKI celebration5. Cafè 32 remains a key part ofLinskill Centre. serling as a bustling and thrNing community hub. The Café department provides meals for our onsile Nursery. caters for casual room hire buffels and prepares all the delicious food for weddings and events. Day lo day the café allracls a ￿￿e variety of customers who appreciate its fresh food offerings and weekly specials_ Whether dining in or opting for takeaway, our customers continue to enjoy the vibrant atmosphere and excellent servw prOV￿ed by Café 32. Websi un h and Marketin After a comprehensive marketing review in 2022. The Trust launched 8 brand-new websile in October 2023. with the key purpose of promoting the bfeadlh and variety of services and spaces on offer. The website attracts thousands of visitors per week with many visiting Ihe much improved What's On and News pages. as well as the pages devoted to our beauttful Wedding and Party Venue. Consultations and Surve In February a consultation lo gain feedback from our e-newsletter subscribers. stakeholders and seTvice users was undertaken to help us decide how Linskill Trusl shafes news wilh our community. The firsl 51age of the consullalion W8S the 'Have Your Say, survey asking for feedback on how our community finds out about our news and the services we offer at the Linskill Centre, and Iheir p￿ferenCeS as to Ihe best way we can share our latesl updates and the wide range of activities and events available. 193 completed the survey. In addtiion to gathering feedback on our corrniunications, the Trust asked 'How likely are you on a scale of 0-10 to recommend the Linskill Centre to your famity and friends?. This question is important in understanding loyally and satisfaction wlh the seNices we provide. The final NPS (net PTomoter score> was 86. whiGh 15 considered an ex￿lIent result. The feedback was exlremely wsitive. Comments included: 'It's such a fantastic communty resouTce that the more people that can access the facilit￿S the more sustainable it will be in the long tem. Love the huge range of facilitie5 afKI activities on offer." "I think you all do such amazing job at The Linskill Centre. EV￿One so wekommg and friendly, facilities are amazing, 8nd vast selection of different activilies going on. Kept in wod condition, and a￿ayS clean and looks inviting. l attended this schcrt)l from 195311958. So many changes for the better. V￿11 done II" The final stage of the consultation was a Focus Group on g to delve further into the ￿sUlts of the Survey. This was extremely valuable in helping improve our e-newslelters and other digital communications. Due lo the success of the consultation, the TTUSt plans to continue lo rLm focus groups with our stakeholders on regular basis as we look to involve the community in our future plans. As a ￿sU11 of the consultation the Trust WIN continue to offer both Grapevine (now branded Grapevine 'lPlhat's on'> as well as Linskill News which was launched in December 2023 and which has 3700 Subscribers.

THE LINSKILL AND NORTH TYNESIDE COMMUNITY DEVELOPMENTTRUST TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2024 FINANCIAL REVIEW Inv88tmont policy The charty funds are controlled by the directors, who act as trustees, who invest with a view io safely and ethically optimising annual investment income N*thile maintaining capital gr￿h in line market trends. The truslees can invest any sums or investments received by them in investments in which they are by law aulhorized lo invest money (including trading subsidiaries). with power from time to time to change for others of a lthe nature. Going concern The Gharity's forecasts end projections for the next twelve months show that the charity should be able lo continue In operation81 existence for that pericMI, lakirYJ into account reasonable possible changes in Irading performance and the potenlial impact ol the cost ol living and energy increases. .This also consmjers the èffectiveness of available measures lo assist in mitigating the impact of the energy increases by installing further renewables and environmental improvements to reduce the Trust's energy use and carbon fcotprint. The charity has a positwe cash balance and is forecasting for thi5 to continue to be Ihe case. The truslees have stress tested their forecasts. taking into account various scenarios, and remain conf￿ent that the uncertainties do nol cast significant doubt on the company's ability lo continue as a going concern. R6s•rves policy The calculation of free reserves is based on the definition included in the charily statement of recommended practice (SORP). which provides recDmrnendations for accounting and reporting for charities. The trustees have examined the requirements of this charty to hold free reser4es. To support our purpose 'We create opportunities to learn. engage and belong., the reserves polkcy aims to prowde resilience from the risk of disruption to communty activities due lo a lack of funding. whilst ensuring the remaining funds are used effectively and efficiently. The trustees considered ttwould be appropriate lo hold sUff￿1ent funds for core running costs of £290,000. The value is reviewed at th8 Finance. Risk and Audit Subjroup. To ensure Ihat there is no s￿nIfICant disruption to our charitsble activi￿s. holding appropnate reserves will enable the organisalion to respond to any unforeseen reduclion in irKome or additional unexpected expenditure. At the end of the financial year 2023r24 unrestricted reserves are £638.729 of which £491.322 afe tied up in unrestflcted fixed assets. meaning the free feserves stand at £147,407 .The charity has continued lo generate surplus after the end of the financial year and therefo￿ the trustees expect to continue to Work towards their targel of unrestricted free reserves of £290,OINJ throughout the 2024125 financial year. Fundralslng dis¢105ure5 The charity is required lo rewrt how it deals with fundraising from the public The charity does nol use a professional fundraiser or commercial participator to raise funds. Any monies raised direcl from the public follows all guidelines set out by the Charity Commission arKI UK18w in every respect. We respecl the privacy and contact preferences of all public donors. The charity is grateful to National Lottery Community Fund. Community Foundab'on Tyne and Wear, North E8st & North Cumbria Integrated Care Board, Ballinger charitable Irusl and Cydin9 UK for supporting our Community Programme. We are also grateful for the granl suppcrt received from Hadrian Trust. Barbour Foundation and LGA Foundation.

THE LINSKILL AND NORTH TYNESIDE COMMUNITY DEVELOPMENT TRUST TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT Conslltutlon The Linskill and North Tyneside Community Development Tntst 15 registered as a charitable company limited by guaranlee and was set up by a Trust deed. Methods of appointment or electlon of trust90$ The charily is governed by its board of Iruslees - are the app(Hnted d￿eCtorS of Ihe company. The number ol trustees at present is 10. which is Ihe maximum requirement (the reqUi￿rnent being that the number is nol less Ihan 3}. Any trustee vacancies which arise are filled by search with due regard to maintaining a proper ba18nce of skills and experience within the board. A skills and experience audit is carried out every 2 yeafs (due summer 2024) and vacancies are advertised lo lill gaps in kno￿edge and exper￿n￿ The board are also recruited primarily from the area the Trust serves. Applicalions to become a trustee are welcome from any individual who can identify with and contribute to the objectives of LNTCDT. Applicants are given full details of the organisalion and an outline of their role and responsibililies as a Iruslee. They are then interviewed and uNJergo a Disclosure Barring Senfice check. One third of trustees are ob17ged to resign their posts each year. generally based on the longest serving members. The board of trLSStee5 has the aulhorily to co-opt Iru5tees belween AGMS but the CO<Pied truste8 must be elected at the next AGM. All appointments are subject to the approval by members al a general meeting. with the notice of such meeting members are provided with a profile of prospective new trustees. All trustees operate in a voluntary capacity. receive no benefit5 from the charity and adhe￿ to the conflict of interest policy. Organisational stru¢tur• and de¢ision4nakFng policies The board of Injstees has four sub-committees: i) The Finance. Audit and Risk Committee, including Iwo member5 of the board. meets four limes a year and is responsible for ensuring that financial performance is reported. adequ8ie financial internal conlro15 exist, 8ssets are properfy used, compliance with relevanl legislation 15 maintained and a regular review of the risk register. The directors of Linskill Trading Limited also meet at a meeting 8dj8cenl lo the Finance. Audit and Risk Committee to ensure the Trading Arms financial performance and cashflow lo monttoring independently of that of Ihe Charity. li} The Nursery Committee meets bi-monthly to discuss perfofmance. reviewing ¢omplBnce with legislation and agree changes lo Ihe nursery and lamily support acts"vilies iii) The Community Programme Committee meets bi-monthly to discuss arKI agree charKJes to community delivery and funding ol this service iv) The Marketing Committee meets bi-monthly to review marketing action and investrnenl into marketing. Day to day management is vesled in a professional team led by the charity's Chief Executive_ The Chief Executive meet5 regularly with the Chair (in addition to the fomial meetings} and appraises her of any significant issues as they may arise be￿een meetings. The senior managernenl team attend the board meetings and Ihere is proper provision for the board to dEcuss any matter without rnanagemenl altendance when they so wish. The trustee members of the Finance Committee. as a nomi, do discuss malters in prrvate with the external auditors with no management present at the end of every audil committee meeting. The officers are those listed as Key ManagemeTrt Personnel in Note 9. In addition to their attendance at the formal trustee board meetings, the ￿lor management meet together with other management on a monthly basis, to address all relevant operational issues. 10

THE LINSKILL AND NORTH TYNESIDE COMMUNITY DEVELOPMENTTRUST TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2024 The Chiel Executive altends conferences and seminars through Locality (national membership network for community organisalions). He also supporls many charities in Ihe North East with advice and guidance on managing charities, community asset Iransfers and developing enterpri￿ng activities to support sustainability. Within North Tyneside the Chief Executive atlends the Leaders Together for North Tyneside leadership programme which has been established lo work closely with other Charity Chief Executives to form a shared ambition and commitment to make a collective positive impact in North Tyneside_ Pollcies adopted for the induclion and training of trustees New trustees are provided with a thorough induction process and a d)ecklisl ensures they receive all relevant papers and gutdance to properly futh-l their responsibilities. Briefin9 papers and familiarisats'on training is effected for all trustees. as deemed necessary Pay pollcy for key managomont per8onno1 The Trust has identified Key Management Personnel in Note 9 of these financial statements. The Finance and Flisk Committee review salary ￿velS once a year during budget setting. PLANS FOR THE FUTURE The Board recognise that Ihe cul￿nI ￿pUlatIOn and performance we are rightly proud of, does not guarantee our continued 5ucGess. The extemal environment is constantly Changing and we ne8d to anticipate and respond to those changes to ensure we can continually improve to meet our over-riding objeclives of supporling the community of North Tyneside. Our five year Corporate Strategy is reviewed on an annual basis by both Board of Truslees and the Senior Managemenl Team to agree what we need to deliver to continue our successful developmenl. meet future challenges and manage the risks ihey bring. The Trust has Ihe lollowsry plans for the next financial year,. - secu￿ funding for phase of installalion of energy efficient measures and renewables to both reduce our cart)on foolprint and reduce the impact of the signif￿an1 increases in energy c05t5. Establish an Operations Sub Group lo meel on a quarterly basis lo review and monitor Linskill Trust's building operations, health and safety risk managemenl and internal control systems. Create a fundraising campaign to launch the Trust's first crowdfunder towards the erwironmental improvements through renewables insiallalion, Develop a marketing Gampaign lo I￿¢￿ase weddings and funclions bookings and invest in the front of house wedding le8m to support Ihis gr0￿h. Complete a skills and experience aLMJit of Trustees in Summer 2024 and advertise for vacancies. for recruitment to be completed by late 2024. - Support the fundraising and delivery of North Shields 800, Celebrating t￿ lthvn's 800th anniversary in 2025 Ihrough calendar of events, art exhibitions and perfonnances. STATEMENT OF TRUSTEES, RESPONSIBILITIES The Trustees (who are also Directors of Age UK North Tyneside for the purposes of company law) are responsible for preparing the Board of Trustees Rewrt and the financial statements in accordance with applicable law and United Kingdom Accounting Standards {Uniled Kingdom Generally Accepted Acrnunting Practice). Company law requires the Trustees lo prepare financial statements for each financial year, which give a true and fair View of the slate of affairs of Ihe charitable company and the tncoming resources and application of resources, including the income and expenditure. of the charitsble company for Ihe year. In preparing these financial slatemenls, the Truslees 8re required lo.. rf Select suitable accounting policies and then apply them consistently. O Observe the methods and principles in the Charities SORP 2019 (FRS 102). O Make judgement5 and estimates that ar8 reasonable and prudent. Slate whether applicable UK 8ccounling stsndards have been followed, subj.ect to any material departures disclosed and explained in the financial statements. rf Prepare the financial statements on a going concern basi5 unless it is inappropriate to presume thal the charitable company will Gontinue in operation, 11

THE LINSKILL AND NORTH TYNESIDE COMMUNITY DEVELOPMENT TRUST TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2024 The Trustees are responsible for k￿pIng adequate accounting records Ihat disdose wth reasonable accuracy al any time the financial position of Ihe charitable company and enable Ihem to ensure thal th8 financial statemenls comply with the Companies Act 2006, They are also responsible for safeguarth.ng the assets of the charitable company and hence for taking reasonable steps for the prevention and detecbon of fraud and other irregularities. In so far as the Twstees are aware: / There is no relevant audrt information of ￿th￿h the charitable company's auditor is unaware" and O The Trustees have taken all steps thal they ought to have taken to make themselves aware of any relevant audil information and to eslablish Ihal the au(Jitor is aware of thal information. AUDITOR Robson Laidler Accwnlant5 Limited were elected as auditor for the ensuing year at the Annual General Meeting in accordance with seclion 487 of the Companies Act 2006. Approved by the Board on ....... and signed on their behaw by.. J Prondergast Chairman 12

THE LINSKILL AND NORTH TYNESIDE COMMUNITY DEVELOPMENT TRUST INDEPENDENT AUDITORS REPORT TO THE MEMBERS OF THE LINSKILL AND NORTH TYNESIDE COMMUNITY DEVELOPMENT TRUST Opinlon We have audiled Ihe financial statements ol The Linskill and North Tynesidè Community Development Trust (the 'charrtable parent company.) and its sUbsid￿ry {the 'group'} for Ihe year ended 31 Mafch 2024 which comprise Ihe Stslement of Financial Activitses, Group and Charilable Company Balance Sheet. the Cash Flow Statemenl and notes to the financial slatemenls. induding a Summary of significant accounting policies. The financial reporting framewor that has been applied in their preparation is applicable law and Uniled Kingdom Accounting Slandards. including Financial Reporting Standard 102 The Financial Rep(Yting Slandard applicable in the UK and Republic of Ireland {Uniled Kingdom Generalty Accepted Accounting Practbce). In our opinion the financial statements: give a true and fair view ofthe state of the group'5 and parenl charilable company's affaits as at 31 March 2024. and of the group's incoming resources ar￿ application of resources. induding its income and expenditure, for the year then ended: have been properly prepared in a<x0rdan￿ with United Kingdom Generally Accepted Accounting Practice., and have been prepared in accordance wth the requirements of the Companies Act 2006. Basls for opinlon We conducted our audit in ac¢ordar£e wilh International Standards on Avditing (UK) (ISAS {UK)l and applic8ble law. Our responsibilities under those standards are fijrther described in Ihe Audrtorfs responsibilrties for the audit of the financial statements section of our report. We are independent of Ihe char7ty in accordan￿ with the ethical requirements that are relevant lo our audrt of the financial statements in the UK. including the FRC'S Ethical Standard. and we have fulfilled our other elhical responsibilities in accordance with these requirements. We believe thal the audit evidence we have obtained 15 sufficient and appropriate to provide a basis for our opinion. Conclusions relating to golng concern In auditing the financial statements. we have concluded that the trustees, use of lh8 going concern basis of accounting in the preparation of IhB final￿la1 statements is approprsate. Based on the work we have performed. we have not Klentified any material uncertainties relating to events or conditions that. Individual￿ or collectively. may casl signrficant doubt on the group's and the parent charitable company's ability to continue 8s a going concern for a perKid of at leasl hyelve months from when the financial statements are authorised for tssue. Our responsibilities and the responsibilities of the twstees wilh respect to g(yng concern are described in the relevant seclions of this report. Olher informatlon The other information comprises the infomiation included in the annual report other than the financial statements and our auditorfs report thereon. The trustees are responsible for the olher infomiation Gonlained within the annual report. Our opinion on the firkqn¢ial statements does not cover the olher infomiation and we do not expres5 any form of assurance conclusion thereon. Our responsibility is to read Ihe other information and, in doing so, consider whether ihe other information is materially inconsistent with the financial statements or our knol￿edge obtained in the course of the audit, or olheAvise appear5 to be mater1811y missialed. If we identify such malefial incon515lencies or apparent material misstatements, we are required lo dete￿nIne ¥•thether this gives rise to a material misslatemenl in the financial ststements themselves. If, based on the Work we have perfonned, we conclude that there is a material misstatement of this other information. we are required to report that facl. We have nothing to report in this regard. 13

THE LINSKILL AND NORTH TYNESIDE COMMUNITY DEVELOPMENT TRUST INDEPENDENT AUDITORS REPORT TO THE MEMBERS OF THE LINSKILL AND NORTH TYNESIDE COMMUNITY DEVELOPMENT TRUST Opinions on other matters prescribed by the Companie5 Act 2006 In our opinion. based on the Wofk undertaken in the course of the audit.. the information given in the trustees report {incoiporating the directors. report} for the financial year for which the financial statements are prepared ￿ Gonsistent with the financial statements- and the directors. report has been prepared in accordance wrth applicable legal fequirements. Matters on whlch we are requlrod to report by exception In the light of our knowledge and understanding of the group and parent charitable company and its environment oblained in the course of the audrt, we have not identified malerial misstatements in the direclors report. We have nolhing to ￿pOrt in ￿ spect of the follov4ing matters in relation to which the Companies Act 2006 requires us lo report lo you if, in our opinion: adequate accounling records have not been kept by the parent charitable company. or retums adequate for our audit have not been received from branches not wsited by us: or the financial slatemenls are not in agreement wrlh the accoLJnting records and retums; or certain disc105ures of directors. femuneralion specrfied by law are not made.. or we have not received all the infonnation and explanations we reqtJire for our audit: or the trustees were not entitled to prepe Ihe finaricial statements m accoidance with the small companies, regime and lake advantage of the small coryans' exemptK)ns in prepanng the dirKlors' report and from the requ1￿ment to prepare a straiegic reFort. Responslbllltles of trustees As explained more fully in the trustees, responsibilities statement, the trustees (who are also the directors of the chaniable company for th8 purposes of company law) are responsible for the preparation of Ihe financial statemenls and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements Ihal are free from material misslatemenl. whether due lo fraud or error. In preparing the financial statements, the trustees are responsible for assessing the group's and parent charilable company's ability lo continue as a going concern. disclosing. as applicable. matters related lo going concem and using the going concern basis of accounting unless the twstees eilher intend to liquidate the charitable company or to cease operatiDn5. or have no realistsc alternative but to do so. Audltors, responslbilitl88 for the audit ol financial stat•ments Our objects'ves are to obtain reasonable assurance about whelher Ihe financial ststemenls as a whole are free from material misststemenl, whelher due to fraud or error. and to issue an auditor's reporl Ihat includes our opinion. Reasonable assurance is a high level of 355urance bul is nol a guarantee that an audit conducted in accordance with ISA5 <UK) will always detect a material misstalement when it exists Misslaiements can arise from fraud or error and are considered material if. individually or in Ihe aggregate. they could reasonabty be expecled to influence the economic decistons of users laken on the ba515 of these fin8Tr2al statements. The extent to which our procedures are capable of deie¢ting irregularities, including fraud, is detailed below. The risk of material misstatemenl due lo error or fraud has been assessed in conjunction with how internal controls may mitigate any such risk. These conlrols are reviewed as part of the audit be performing systems walklhroughs to ensure Ihey are operating effeclively. Other substantive testing is also performed on all material balances and therefore any instances of non-compliance should be idents'l￿d or considered as insignificanl. 14

THE LINSKILL AND NORTH TYNESIDE COMMUNITY DEVELOPMENT TRUST INDEPENDENT AUDITORS REPORT TO THE MEMBERS OF THE LINSKILL AND NORTH TYNESIDE COPAMUNITY DEVELOPMENT TRUST In identifying and assessing risks of material misstalement in respect of irregularities, including fraud, the audit engagement team., obtained an understanding of the nature ofthe industry and sector. including the legal and regulatory framework. in which the charilable company OFerates and how the company complies with that legal and regulalory framework. inquired with management and Ihose charged with govemance about ther own identification and assessment of the risks of irregularities. including any know actual. suspected or alleged instances of fraud. discussed with management and those charged wtlh govemance any non-compliance wth laws and regulations and howfraud might occur including assessments of how and where the financial slatemenls may be 5uscepiible to fraud. The risk of management override of controls was also consKlered an area of poiential misslalemenl due to fraud. Audil procedures perfom)ed included testing of manual joumal entries and other adJLJStments and evaluating the business rationale in relation to significant, unusual transactions and transaction5 entered into outside the r￿rMal course of business. A further description of our responsibilibes for the audit of the financial ststemenis is located on the Financial Reporling Council's website al". www.frc.org.uklauditOfsresponsibilttTes. This descripiion forffls part of our auditor's report. Use of thls report This report is made solely to the charrtable conyany's members. as a body. in acc(xdance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might stale to the charitable company's members those matters we are required to stale to them in an auditor's report and for no other purpose. To the fullest exlenl permitted by law, we do not accepl or assume responsibility to anyone other Ih8n the charilable company and the charitable compary's members as a body. for our audit WOTk, for this reFort. or for the opinions have fomied. (- Nicholas Cunnlngham FCCA {Senlor Ststutory Auditor) For and on Behalf of Robson Laidler Accountants Limited Statutory Auditors Fernwood House Fernwood Road Jesmond Newcastle Upon Tyne Date: Lr-q - 15

THE LINSKILL AND NORTH TYNESIDE COMMUNITY DEVELOPMENT TRUST CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 Currenl flnancial year Unrostricted funds Reslrlctgd funds Total 2024 Total 2023 Notas Incom• and endowments from: Donations and legacies Charitable activities Other tradiNJ activities Investments 8,135 1.224.257 485.657 89,046 97.181 1.224,257 485.657 701 243.138 1,156.365 398,566 701 Total Income 1,718.750 89.046 1.807.796 1.798.069 endituro on: Raising funds Charitable activities 365.186 365.186 298,676 1.513.918 1.293.608 240.038 1,533,646 1,898,832 Total expendtturg 1.658,794 240.038 1,812.594 Net gains l (108808> on investmontg 24.131 24,131 <4,750) Net movemonl in funds 84,087 (150.992) 166.905) (19.275) R•concillation of funds FurKI balances al 1 April 2023 20 554,642 681,546 1,236,188 1,255,463 Fund balancès at 31 MarGh 2024 638.729 530.554 1,169,283 1,236,188 The staternenl of financial activities indudes all gains and losses recognised in the year, All incorna and expenditure derive from continuing actiwties. Th8 Statement of financial actimlies also complies wilh the requirements for an income and expenditure account under the Companies Acl 2008. 16

THE LINSKILL AND NORTH TYNESIDE COMMUNITY DEVELOPMENTTRUST CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 Prior financial year Unr•gtricled Restrlcted funds funds Total 2023 Notes Incomg and endowments from: Donations and legaGie5 Charriable activities Other trading activities Total I￿orne 10.064 1,156.365 3g8.566 233.074 243,138 1.156,365 398,566 1,564,995 233.074 1,798,069 andlture on. Raising fund5 Charitable activities Total exponditure 298.676 1.260.240 298,676 1,513,918 1.812,594 253,678 1.558,916 253.678 Net gains l (loss•s) on Investments {4,750) 14.7501 Ngt movement In funds 1.329 (20.6041 119.2751 Reconciliation of funds Fund balances at 1 Apnl 2022 553,313 702.150 1,255,463 Fund balances at 31 March 2023 20 554,642 681.546 1,236,188 17

THE LINSKILL AND NORTH TYNESIDE COMMUNITY DEVELOPMENT TRUST CONSOLIDATED BALANCE SHEET FOR THE YEAR ENDED 31 MARCH 2024 2024 2024 2023 2023 Notes Flxed assets Tangible fixed assets Inveslments 12 975,259 1,001,128 144,222 1.145,350 13 168.353 1,143,612 Currenl assets Stock 14 8,296 68.164 7,326 104,629 Debtors 15 Cash at bank and in hand 266.292 355,589 341752 467,544 Cr8dltors: amounts falling due within 1 year Net current assot8 16 1218.977) {227.124) 123,775 240.420 Total assots less current Ilabilities 1.267.387 1.3B5.770 Crodllors: amounts falling due in moro than one yoar 17 (89,292) <139.342) Provislons for Ilabililies 19 (8,812) (10,240) Net a58018 1,169,283 1,236,188 Reserves Unreslricted funds 20 638.729 554,642 681,546 1,236,188 Restricted funds 20 530,554 1,169,283 Total res•rv•8 These financial statemenls Y￿re approved by the Board of Trusiees on ... and ar8 signed on their behalf by: J Prendorga Chairman Company registratlon number: 10098742 The notes on pages 21 to 35 foTm part of these financial statements 18

THE LINSKILL AND NORTH TYNESIDE COMMUNITY DEVELOPMENT TRUST COMPANY BALANCE SHEET FOR THE YEAR ENDED 31 MARCH 2024 2024 2024 2023 2023 Notes Fixed assets Tangible lixed asset5 Investments 12 928,881 168,354 1.097,235 947.232 144.223 1.091,455 Current assets Stock 14 623 Debtors Cash al bank and in hand 15 32,818 158.121 74.955 272.183 191,562 347.138 Creditors: amounts falling due wlthln 1 year Nel current assels 16 (199,858) (217.871) (8,296) 1,088,939 129,267 Total as8018 less currènt Ilabllllies 1,220,722 Crgditors: amounts falling due In moro than ong year 17 {89,292) (139,342) Net assets 999,647 1.081,380 Rasorves Unrestricted funds 469,093 530,554 399.834 Reslricted funds 881,548 Total reserves 999,647 1,081,380 These financial statements were approved by the Board of Trustees on .... . .. .and we signed on their behalf by". J¢ Chair Company registration number: 10098742 The notes on pages 21 to 35 form part of these financial statements 19

THE LINSKILL AND NORTr1 TYNESIDE COMMUNITY DEVELOPMENT TRUST STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Cash flows from operating activities Net cash provided by (used in) operating a¢bvib-es 109.436 148,872 Cash flDWS from Invostlng activitles Purchase of tangible fixed assets Net cash provlded by (used in) investlng actlvltles (152.620) {152,620) (233,212> 1233,212 Cash flows from flnancing activities Cash flows from new borrowing Repayments of bo￿oWIng 107.150 {46,113) 146,113) {117.5931 (10.4431 Chango In cash and cash equivalont$ (89,297) (94.983} Cash and cash •qulvalgnts at the beginning of the yoar 355,589 450.572 Cash and cash equlvalents at the gnd of tho year 266,292 355,589

THE LINSKILL AND NORTH TYNESIDE COMMUNITY DEVELOPMENTTRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accountlng poll¢i•s 1.1 Basls of pr￿aratIOn of financial statements The financial statements of the charitable company, whi¢h is a public benefit entity under FRS 102, have been prepared in accordance wilh the Charits'es SORP (FRS 102) 'Accounling and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Irelarml (FRS 102} (effective 1 January 2019).. Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UKand Republic of Ireland, and the Companies Act 2006. The financial statemènls have teen prepared under the histOriC81 cost convention, with the exception of investments which are included at market value. The financial statements are prepared in steding, which is the fiJn¢lion81 currency of the charity. Monetary amounts in these financial statements are rounded to the nearesl £. The financial stalemenls have been prepared on a g(xng concem basis. The charrty's forecasts and projections for the nexl twelve month5 show that the charity should be able to continue in operational exislen¢e for that period, taking into account reasonable possible changes in trading perfomance. The charity has slrong positive cash balances and is forecasting for Ihis to c￿Linue to be the Gase. The Trustees have stress lested their forecasts, iaking into accounl various scenarios, arKI remain confident that the uncertainties do not cast signif￿ant doubt on the charity's abilily lo continue as a going concern. The Linskill and North Tyneside Community t)evelopment Trust meels the definition of a pubtic benefit entity entry under FRS 102, Assets and liabilities are initially reeognise(J at historical cost OT transaclion value unless otherwise ststed in Ihe relevant account￿9 policy note<s). 1.2 8asls of consolidation The group financial statements consolidale the fr'nancial statements of the charitable Company and ils wholly owned Subsidiary undertaking. Linskill Trading Limited, on a line-by-line basis. A separate Statement Df Financial Activilies for ihe charity itself is not presented because the charity has taken advantage ol the eKemplions afforded by seclion 408 of the Companies Act 2006. A subsidiary is an entity controlled by the charity. Control is achieved where the charity has the power to govern the financÉal and operating policie5 of an entity so as lo obtain benefits from it5 activilies. 1.3 Fund structure The charity has reslricted funds lo account for the dorK)r requiring that the donakn'on must be spent on a particular purpose. All other funds are UnreStr￿ted income funds. The funds held in each of Ihese Categories ar8 disclosed in the Reserves Notes. Unrestricted fund5 comprise those funds which the trustees are free to Lbse for any purpose to furtherance the charitable objectives. Designated funds a￿ amounts which have been Plrt aside at the discreiion of the trustee5 arbd are therefore not available for other purposes. Restricted funds represent grants, donations. legacies arld assets which are allocated by the donor lor specific purpose5. 21

THE LINSKILL AND NORTH TYNESIDE COMMUNITY DEVELOPMENT TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 1.4 Income All incoming resources are included in the Slatement of Financial Activities (SOFA) when Ihe charity is entitled to the income and the amount can be quantified with ￿sOnable accuracy. Grants recervable are recognized when the charity has entitlement to the funds and any conditions linked to Ihe granls have been met. Where perfomance conditions are attached lo Ihe grant and are yet lo be mel, the income is rec￿nIZed as a liability and included on balan￿ sheet as defe￿ed income to release. Donations and legacies are recognized when the charity is notifEd in wnting ol both the amount and setllement date. In the evenl a donation is subject to conditions thal require a level of perfomance by the charity, the income is deferred arKI not recognized until those conditions are met Incoming resources from tax reclaims a￿ included in the Statement of Financial Activities at the same time as Ihe gift to wh￿h they relate. Where a gift in kind is given to the charity and it can be reliably measured. the gift is shown in bolh voluntsry income and charitable activities. Investment income is recognized on a receivable basis, ¥*hen the amount can be measured reliably. Thi5 is nonnally upon notification from the bank Income from Charitable activities includes income received under advance conlracl or where enlillement to granl funding 15 subject to specific performance conditions is recognized as eamed (as the related goods or services are provided). Grant income included in this Category provides funding to support client service activities and is recognized where there is entidement. cerlainty of receipt and the amount can be measured with sufficient reliability Income 15 deferred where related grants are received and the perforniance conditions relating lo ils entitlemenl are not mel. 1.5 Expondlture Expenditure is recognised once the￿ is a legal or constructtve obligation to transfer economlc benefit to a Ihird party. it is probable Ihat a transfer ol economic benefit will be required in settlemenl and the amount of the obligation can be measured reliably. Expenditure is rlassffied by activity All costs are allocated to the applicable expenditure heading that aggregate similar costs lo that cate90ry Where cosls cannot be directly attributed lo particular headings. they have been allocated on a basis consistenl with the ￿se of re50urces. Raising funds are the cosls ir￿lUded of commercial trading including the trading company's aclivrties and the letting operations, together with their associated support cosls. Charitable expenditure comprises those costs irturred by the charity in Ihe delivery of its activities and services for its beneficiaries. It includes both costs Ihal can be allocated diTectly to such activitie5 and those costs of an indirect nature necessary to support them. Support costs are Ihose functions that assist the work of Ihe charity but do nol directly und8rtak8 charitable activities. Support costs include back•office costs. finance, personnel. payroll and governance costs which support the charity's (and gTOUP'S) activrties. The basis on whth the support costs have been allocated are set out in the support COSI note. Governance cost5 include the costs attributable to the chanty's compliance with constitutional and statutory requirements, including audit. strategic management and trustee's meetings. All expenditUTe is inclusive of irrecoverable VAT. 22

THE LINSKILL ANO NORTH TYNESIDE COMMUNITY DEVELOPMENT TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 1.6 Fixed assets Tangible fixed assets are initially measured al cost and subsequently rneaSu￿d at cost or valuation. net of depreciation and any impairment k)sses. Depreciation is recognised so as lo write ofl the cost or valuation of assets less their residual values over their useful lives on the followin9 bases: Long-term leasèhold property Fixtures and filtings Office equipment Computer equipment 15 % reducing balance 15 % reducing balance 15 % reducing balance -33% straight line The gain or loss arising on the disposal of an asset is determined as the difference between Ihe sale proceeds and the carrying value of Ihe asset and is re￿nised in Ihe stslement of financial aclivil*s. The group has a policy not to capitalise mdividual assets costing under £500. 1. 7 Flxed asset Inveslmenls Investments in subsidiaries at Valued at cost less provision fof imp8imienL 1.8 Impalnnenl of fixed assets Fixed assets are reviewed for impairmenl if events or changes in circumstanc8s indicate that the carrying amount of such assets may not be ￿ coverable. If there is an indication of possible impairment. Ihe recoverable amount ol any affected asset is estimated and compared against its Carrying amount. Where the eslimated recoveraNe amount is lower. an impaim)ent loss is recogntsed imrnediately in profit and loss. 1.9 Stock Stocks are valued at the kmer of cost arxj net realisable value after making due allovmnce for obsolete and slow moving ilems. 1.10 Trade debtors Trade debtors are amounts due from customers for merchandise sdd or Services performed in the ordinary course of busines5. Trade debtors a￿ initially recognized al transaction price. 1.11 Trade creditows Trade creditors are obligations to pay for gcods and services thal have been acquired in the ordinary course of business. Accounts payable are classified as current liabilities if the charity does not have an unconditional right, al the end of the reporting period. lo defer settlement of the creditor for at least Iwelve months after Ihe r8PC>rting date. Trade creditors are initially recognized at transaction price. 1.12 Cash at bank and in hand Cash and cash equivalenls include cash in hand, deposits held 81 call with banks, other short-term liquid investments with Original malurilies of Ihree months or less. and bank overdrafts. Bank overdrafts are shown within borrowings in cu￿ent liabilities. 1.13 Corporalion tax As 8 charity, the company is exempt frThn tsx on income and gains to the 8Xtent that these are applied lo its charitable objecis. No tax charges have arisen in Ihe charity. 23

THE LINSKILL AND NORTH TYNESIDE COMMUNITY DEVELOPMENTTRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 1.14 P•nslons and other post.retirement obllgatlons The group operated a defined contribution pension scheme ￿thiGh is a pension plan under which fixed contributions are paid into a pension fund and the group has no legal or c(￿7$11￿¢11ve obligation to pay further contributions even if the fund does not hold sufficienl assets to pay all employees Ihe benefils relating to employee service in Ihe current and prior periods. Contribution5 tD defined contribulion plans are recognized in the Statement of Financial Activilies when they are due. 1.15 Estimallon uncertainly and judgements The preparation of financial stalemenls requires managemenl to make judgements. estimates 3nd a55umptions that affect the amounts reported. These estimates and jLKlgemenls are conlinually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the Circumstances. Donatlons and lèga¢l88 Unrestricted funds Restrl¢led funds Total 2024 Donations Grants 8,135 8,136 89,046 97.181 89.046 89,046 8,135 Unrostrictod funds Restricted funds Total 2023 Donations Grants 10,064 10.064 233,074 243,138 233,074 233,074 10,064 Income from charitable activltl•s Unr•strlet•d Total funds funds 2024 2024 Total 2023 Room hire Nursery income Fundraising Solar panels Consultancy MiscellaneoLL8 307.761 856,415 1.227 6.210 7.324 45,320 1.224,257 307.761 856.415 1,227 6,210 7,324 45,320 1,224,257 279.020 834,021 681 4,688 6.082 31,873 1,156.365 24

THE LINSKILL AND NORTH TYNESIDE COMMUNITY DEVELOPMENT TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Other Iradlng artivities Total 2024 Total 2023 Rental provision Catering income Private events Electric car charger Other income 276.557 175,220 25,718 7,945 217 230.536 123,769 44,261 485,657 398,566 All Income from trading is unreslricted in the current and prior year Investment income Tolal 2024 Total 2023 Bank interest receivable 701 All income from interest Is unresln.cled in the Current and Prior year Charltable act7Vitios Actlvlties undertaken dlroctly 2024 Support costs 2024 Total 2024 Expendilure on ¢haritable activities 1,492,929 40.717 1.533,646 Activllies undertaken dlroctly 2023 Support Total 2023 2023 Expenditure on charTrtable activrties 1,472.086 41.832 1,513.918 2024 2023 Analys1$ per fund Unrestricted Restricted 1,293,608 240,038 1,533,646 1,260,240 253.678 1.513,918 25

THE LINSKILL AND NORTH TYNESIDE COMMUNITY DEVELOPMENT TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Support Gosts Support Governance costs costs Support GovernanGe costs osts 2024 2023 Interest Legal and professional Other Auditors, remuneration 9,497 9,497 18.495 2.491 2,491 21,059 3,282 15,000 41,832 18.495 21,059 3.282 12.725 31,220 12,725 40.717 15.000 38,059 9,497 5.773 Net Incomlng l outgoing resources Total 2024 Total 2023 Group audit fees Other non-audil service Deprecialion 12,725 15,000 3,000 156,846 170,594 Group 2024 Group 2023 Charity 2024 Charity 2023 Staff Gosts Wages salaTies Soci81 security costs Pension CDntributions I,￿4,501 447,273 35,894 1.164,668 903.248 54.175 33,924 991.347 825.560 64,273 35.894 925.727 741,sg9 54,175 33,924 829,698 The average number ol persons employed by the group during year vrfas as follow5 Group 2024 Charlty 2024 Management Engaged in charitsble activities 65 64 The number of employees who received total employee benefits {excluding employer pension cos151 of more than £60,000 is as fDIIow5: 2024 2023 No. £60.001- £70,000

THE LINSKILL AND NORTH TYNESIDE COMMUNITY DEVELOPMENTTRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Amounts paid lo key management personnel were £301.617 {2023'. £237.4461 The key management personnel were as follows: Mr S Ripley, Chiel Executive Ms S Richardson. Finance Manager Mrs K Steen, Customer se￿￿s Manager fvls J Irving. Community Development fvAanager Ms L Cervantes. Children and Young Persons Managef Ms D Dunn. Nursery Manager Mr l Holland, Customer Service and Facifilies Supeprfisor Ms M Adams, Operalions and Marketing Manager 10. Trustee8' remuneration and 8xpenses During the year. no trustees receNed ary remuneralion or other benefrts {2023: £nil). t)uring the year ended 31 March 2024. no trustees, expenses have been incurred (2023.. £nil). Taxation 11, The charity is exempt from tax on income arKI gains to the extent that these are applied lo ils charilable obje¢ls. No tsx charge5 have arisen in the charity. 12. Tanglble flxod assets Group Long-term leasehold Flxtures and property fittings Offlce oquipment Computer equipment Total Cosl At 1 April 2023 Additions Disposals 676.293 1,151,303 152,620 134.392) 2.766 57.472 1,887,834 152,620 {37,932 (3,$40) Al 31 March 2024 676,293 1,269,531 2.766 53.932 2,002,522 Depreciation Al 1 April 2023 Charge for the year Eliminated on disposals 368.287 46.200 470,874 117,380 (26,4g7} 1.34Q 214 46,205 6,800 {3.540) 888,708 170,594 {30,037) Al 31 March 2024 414,487 561,757 1.554 49.465 1.027.263 Net book value At 31 March 2024 261,806 707,774 1.212 4.467 975.259 At 31 March 2023 308,006 680,429 1,426 11,267 1.001.128 27

THE LINSKILL AND NORTH TYNESIDE COMMUNITY DEVELOPMENT TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 12. Tanglble flxod assets (Gontinued) Charlty Long-term leasehold Fixtures and property fittlngs Offico equipment cOmp￿&r equipment Total Cost At 1 April 2023 Additions Disposals 676,293 1,023,274 1S2,029 (34.392) 2.766 57,472 1.759,805 152,029 (37.932) (3,5401 At 31 March 2024 678,293 1.140.911 2.766 53,932 1.873,902 Depreciation Al 1 April 2023 Charge for the year Eliminated on disposals 368,287 46.200 396.741 109.271 {26,497) 1,340 214 46,205 6,800 <3.540) 812,573 162,485 130,037 At 31 March 2024 414,487 479_515 1,554 49,465 945,021 Net book value Al 31 March 2024 261.806 661,396 1,212 4.467 928,881 At 31 March 2023 308.006 626.533 1,426 11.267 947,232 13, Fixed asset investments Group Llsted Inveslments Cost or valuation At 1 April 2023 Revaluations 144,222 24.131 Al 31 March 2024 168,353 Net book valuo Al 31 March 2024 168,353 Al 31 March 2023 144,222

THE LINSKILL AND NORTH TYNESIDE COMMUNITY DEVELOPMENT TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 13. Flxed asset investments Icontlnuod Investment Li8tgd In subsidiary investments Charlty Total Cosl or valuation Al 1 April 2023 Revaluations 144,222 24.131 144,223 24,131 At 31 March 2024 168,353 168.354 Net book value At 31 March 2024 168,353 168,354 Al 31 March 2023 144,222 144.223 Subsidiarlès The following was a subsidlary urKlertaking of the tharity.. Name of undertaking Nattsrè of buslnoss Class of shares % Held Direct Linskill Tradiry Limited Qjeralion of rental and catering facilities Ordinary 100 Registered office address (UK unless otherwise indicated): The Linskill Centre. Linskill Terrace, North Shields, NE30 2AY The financial results of the subsidiary were as foll0v￿.. 2024 2023 Income Expenditure 545.484 (400,010) 452,045 (306,79S) Profft l (105s) for the year 145,474 145.250 Net assels 160,638 145.808

THE LINSKILL AND NORTH TYNESIDE COMMUNITY DEVELOPMENTTRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 14. Stock Group 2024 Group 2023 Charlty 2024 Charity 2023 Raw materials and consumables 8,296 7.326 623 15. Debtors Group 2024 Group 2023 Charlty 2024 Charity 2023 Trade debtors Prepayments and accrued income 59.201 8.963 68,164 91.576 13,053 104.629 26,330 6,488 32,818 83,271 11.684 74,955 16. Credltors: amounts falllng due within 1 year Group 2024 Group 2023 Charity 2024 Charity 2023 Bank loans Other loans Trade creditors Amounts owed to group underlakings Taxation and social security Accruals and deferred income 31,576 19.387 23.718 27,603 19,423 13,286 31.576 19.387 20.529 10,458 20,200 97,708 199,858 27,603 19.423 11,233 8,144 17.995 133.473 217,871 33,254 111,042 218,977 25,945 140.867 227.124 Included in the above is deferred income of £71.242 (2023.. £98.079) in relat￿n to income received in advance of the relevant service being provided. 17. Creditors: amounts falllng due after 1 year Group 2024 Group 2023 Charity 2024 Charlty 2023 Bank loans Other loans 89,292 120.049 19.293 139.342 89,292 120,049 19,293 139.342 89.292 89,292

THE LINSKILL AND NORTH TYNESIDE COMMUNITY DEVELOPMENT TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 18. Borrow5ngs 2024 2023 Bank loans Other loans At 31 March 2024 120,868 19,387 101,481 147,652 38,716 186,368 Payable with one year Payable after one year 50,963 82,292 47,026 139,342 The group entered into a loan agreement on 8 December 2022 for a total of £107,150. The total loan is repayable in monthly installments from 8 December 2022 for a pertod of S years and carries interest at a fixed rate of 6.5+J/o per annum. 19, Deferr8d tax Group 2024 2023 At 1 April 2023 Charge for Ihe year Al 31 March 2024 10,240 {1.428 8,812 10,240 10,240 The deferred tax liability is made up as folbws: Fixed assel tNning differences 8,812 10.240 31

THE LINSKILL AND NORTH TYNESIDE COMMUNITY DEVELOPMENT TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 20. Statement of funds Balance at 1 Apr 2023 Gains Balance at (losses) 31 Mar 2024 Group- currnnt year Income Expgnditure General funds 554,642 1.718.750 (1,658,794} 24,131 638,729 Restrlctod funds Big Build Shedders Refurbishment & environmental upJrades CovKJ-19 support Community Developmenl Chikyren & young people Marketing Small Gaytal grants 272,031 66.295 (46,505) 119.346) 225,S26 46,949 225.531 667 36,737 48.111 23.g37 8,237 681.546 {34.540) (652) (64.906) <49,530) (23.324) {1,235) (240.0381 190.991 15 28.912 30,545 613 7,002 530,5S4 57.082 31,964 89.046 Total fundg 1,236,188 1,W7,796 (1.898.832> 24.131 1.169,283 Balance at 1 Apr 2022 Gains Balance at (losses) 31 Mar 2023 Group- prlor yoar Incom• Expendlture General lunds 553.313 1.564,995 (1,558.916) (4,750) 554,642 Restrlcted funds Big Build Shedders Refurbishment & environmental upgrades Covid.19 support Community Development Children & young people Marketing Small ¢apilal grants 320.036 97,445 {48,005) {27.449> 272,031 66,295 (3.701 } 148,956 1,525 36,954 38.086 102.979 {26.404} {858) (56,8121 ($3,867) (24,647) 15.636) {253.6781 225,531 667 38,737 48,111 23.937 8,237 681,546 56,595 63.892 10.564 702,150 13.309 233.074 Total funds 1,255.463 1.798,069 (1.812.$94) {4.750) 1,236,188

THE LINSKILL AND NORTH TYNESIDE COMMUNITY DEVELOPMENT TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 20. Statomont of funds Icontinued) The specific purpose for Nthich the funds are to be applied are as follows: Restricted funds.. Big Build The Big Build grant cons6ts of the folk)wing'. Big Lollery Fund - refurb￿hfflent and modemisation of the Cenler and SiTUCtural works Garfield Weston Foundation - refurbishment and modernisation of the center and slnjctijral works The 1989 Willan Charitable Trust - refurbishment and modernisation of the center and stnjctural works Community Foundation l John Bell Fund - installation of double glazing Sir James Knott Trust- refurbishmenl of the community room and Big Build prq'ect Bernard Suley Charitsble Foundation - refurbishment and modernisation of the center and structural works Shedders Granls receive(i in respect of the Shedders Project - Nalional Merys Shed from NTC CCG Refurbishment and envlronmental upgrades The refurbishment and environmental grants consist ot. Ecclesiastical - ￿lUrt)IShMent of the Langty roc*n North Star Access Grant - energy improvements Reach Fund - Keep Linskill Warm - to carry out energy surveys on all sites Marks and Spencer Capilal Fund - installatsm of solar panels at the cenler. Covld-19 support Grants received in the year in respect of the Covid-19 support from the Virgin Money Foundation. Ihe National Lottery Community Fund and The Willan Tnjst. Gommunity Development The community development grants relate lo- The CDmmunily Foundation - Kellett Fund- activities for the over 55's under engAGE Big Lottery Fund - services at Battle Hll Chlldrgn and young people The children and young people grants relate to: Coast Soccer Children and YournJ Peopte Fund- children's and young people activits'es Community Foundation- Wellseley Young People- Saturday kids club Markatlng Grants received frt)m the Lottery Fund Awards for All to improve maTketing, website, video and photography. Other small eapltal Other small capital grants Comprise grants with and opening and clo￿.ng balancè of less than £4000 and inclLtdes amwnts from the John Bell Fund, the Barbour Trust and the Linden Family.

THE LINSKILL AND NORTH TYNESIDE COMMUNITY DEVELOPMENT TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 21. Analysis of net aSSOt8 between funds Unrestricted Funds Rostrlct•d Funds Group- curronl year Total Tangible fixed asseis Fixed asset investments Current assets Creditors due within 1 year Creditors due in more than 1 year Provisions for liabilities and charges 491.332 168,353 296.125 (218,977) {89.292) (8,8121 638,729 483.927 975,259 168,353 342,752 (218,977) 189,292) <8,812 1,169,2B3 46,627 530,554 Unro8trict•d Fund¥ Restricted Funds Group - prior year Total Tangible fixed assets Fixed asset investrnents Current assets Creditors due within 1 year Creditors due in more than 1 year Provisions for liabilities ar￿ charges 435.819 144.222 351,307 {227.124) {139.342) (10.240) 554,642 565,309 1.001.128 144.222 467.544 (227.1241 (139_3421 (10.240) 1,236,188 116.237 681.546 21. Reconciliation of not rnovemenl in funds to not cash flow from operating aetlvlllos 2024 2023 Net incorne l {expendilure) for the year 166,9051 <19,276) Adjustments for: Depreciation Deferred tax movement Losses l (gains) on investments (Profit) I loss on disposal of fixed assets (Increase) I decrease in stocks (Increase) I decrease in debtors In¢￿aSe I decrease in creditors Nét cash provided by operatlng acllvities 170.594 (1,428) (24,131} 7,895 (9T0} 36,465 (12,084} 109,436 156,846 4,750 {2.008) (48,818) 57,177 148.672

THE LINSKILL AND NORTH TYNESIDE COMMUNITY DEVELOPMENT TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 22. Analysis of Chang￿ In net debt At 1 April 2023 Olher non- Cash flows cash change5 At 31 March 2024 Cash at bank and in hand Loans due within 1 year Loans due more than 1 year 355.589 (47,026) (139.342 169.221 {89.289) {3.937) 50.050 {43,185) 266.291 {50,963) 189,292) 126,036 23. Ponsion commltment5 The group operates a defined coniTibution pension scheme. Th assets of the scheme a￿ held separately from those ol Ihe group in an independently administered fund. The pension c05t charge represents contributions payable by the grDUP to the fund arKI amounted to £35.894 (2023". £33.924) in the year. At the balance sheel dale amounts were payable to the fund of £4,826 (2023.. £4.381 l which are included in creditors. 24. Relat•d party transactions During the year. the gn)up made the following related party transaclims: PM Commercial Property Consultanls Llmited - director in common The group vms charged £3.835 (2023.. £5,976) for consullancy work in relation to lease agreemenls. Al the balance sheet dale the amount owed to PM ConYTwcial Propety Consultants was £nil (2023,. £nil>. Carly Elyse Roblnson - trustoe close famlly member Carly Elyse Robinson was charged £13.242 (2023. £4.047} for nursery fees. At the balance sheet date the amount due from Carly Elyse Robinson was £nil (2023. £nil). R8mombering th• past, Resourcing the futur• (RPRF)- trustee in common RPFR was charged £6.241 (2023. £5.566) for tenancy and £560 rwm hi￿ (2023.. £310). Al the balance sheet date, Ihe amount due from RPRF was £797 <2023.. £565>. Riccl Boston- trustee R¢ci Boston was charged £4,253 (2023: £nil) for nu￿ery fees. At the balance sheel date an arnounl of £680 (2023: £nil) remained outstanding.