Charity registration number 1119143 Company registration number 04827255 (England & Wales (A company limited by guarantee> The Linskill and North Tyneside Community Development Trust Annual report and financial statements For the year ended 31 March 2025 THE LINSKILL AND NORTH TYNESIDE COMMUNITY DEVELOPMENT TRUST CONTENTS Page Reference and adminislrative detaits Chief Execulive's Slatement Trustees, Report 4-13 I ndependent Audrtors Report 14-16 Consolidated StaterrEnl of Financial Actniities 17-18 Consolidated Balance Sheel 19 Charity Balance Sheet 20 Cash Flow Statement 21 Notes to the Consolidated Financial Statemenls 22-35 THE LINSKILL AND NORTH TYNESIDE COMMUNITY DEVELOPMENT TRUST LEGAL AND ADMINISTRATIVE INFORMATION Trustees J Pfendergast Ichainnan) 8 Allinson R Boston S Bums B J Fitzgerakl S A McLoughlin J Mcmanus A R Muffitt E Patience S A Smith A M Watson (Appointed 20 May 2025) (Resigned 20 May 2025) Chlèf Executlve Officer S Ripley Company Reglstration Number 04827255 (EnglarKI & Wales) Charlty Roglstration Number 1119143 Registered offic• The Linskill Centre Linskill Terrace Norlh Shields NE30 2AY Bankers Unity Trust Bank plc 4 8rindley Place Birmingham 812JB SollcltOf8 Muckle LLP Time Central 32 Gallowgate Nthvcastle upon Tyne NE14SN Audllor8 Robson Laidler Accounlanls Limiled Fernw￿d House Fernwthjd Road Jesmond Newcastle upon Tyne NE2 1TJ THE LINSKILL AND NORTH TYNESIDE COMMUNITY DEVELOPMENT TRUST CHIEF EXECUTIVE'S REPORT FOR THE YEAR ENDED 31 MARCH 2025 Al the time of writing, l am reflecting on yel another very busy and productive year for the Tfust and for our three community hubs. In this year's report you will find k)ts of information about Ouf many achievements as well as some of the challenges we have faced. However. here are some thoughts fr¢)m myself as I look back on all that has happened this year. During the year we have made further changes and improvements to Linskill Centre, the largest and busiest of our three hubs which receives around 22.000 visits each month. We have improved accessibility wilh the provision of new entrances and ramps making life easier for centre users. We have aso improved securily measures wilh the installation of no4V fob-controlled fire doors and CCTV. Addilionally, we have continued to cut our energy usage and costs and reduce Carbon emissions by 5ecunng fijnds to Install a further 190 solar panels, air source heat pumps and 150 more LED Ighls. In this regard we are extremely grateful to all our funders Including National Lottery Community FundlAwards forAII. BEST, and BWJ Issue Invest (via NECA). We are also grateful to Kellett Fund and Sir James Knott Trust for the grants they have given to support our Community Programme staffing costs, ensuring that we can continue to deliver all the actsvities provided at the Centre for older people and adults. To ensure the c(Mnmunity Pfogramme continues to meet Cent￿ user and community needs, staff carried out a Focus Group aboul the current community programme provision This gave us useful infoTrnation about the types of activities people want. what times they would like to do them and what they would like us to do more of_ While we may nol te able to immediately respond to all of this, the inlofmation will certainly help us to identify what additional furKling we may need to secure lo make all of this happen. During the year, our Shed Project. which is a valued part of our community programme. has continued to Ihrive and there is 8 growing demand and long waiting list for its servres We have not been able to fespond lo this level of demand to the space available in the current shed premises However. one of our long-term tenants. North Tyneside Arts sludio. adviserj us that they would be leaving for pastures new in spring 2025 and would no longer need Ihe arts studio. As a result. we have worked to secure funds and loan finance lo allow us to revamp this space into three unils during next year. which will give the shed a newer and muth larger operating base from September 2025. As an organisation we constantly strive to improve what we do by reviewing not just our a¢ts'vits'es and facilities bul also our own systems and struclures. This year we have introduced a n£vi Operations Subgroup. This will improve how we report Complian￿ across all three of our community hubs to the Board who have overall responsibility for our chanty We have also added a new Environmenl Subgroup to report on our environmental achievements. Finally, we have re-eslabli5hed the Marketing Subgroup to create a marketing plan. track marketing initiatives and kick start public fundraising activibes_ One of our commitments as an organisation, is to look beyond txjrsefves and work in partnership with others wherever possible. This year we have been Wofking closely with both North Tyneside Council and North Tyneside Voda as well as many other local voluntary sector organisations to pull together plans and funding applications for North Shields 800th anniversary year in 2025. We are proud to be a North Shields based organisation supporting local people arKI we are happy to support wider events and inibatives which celebrate the lown. Govemmenl policy deasions have had scffie imp￿1 upon our organisation. The increases to employers National Insurance contributions announced this year will impact next year's budget. As a result, we have had to give careful thought Io OUT staffing struciure moving fOr￿ard While we have avoided significant redundancies. nonetheless we have had to do some ￿$truCtUring of posts and hours to get next year's budget to work. The changes in the provision of free govemmenl fundecl for nurserylearly years provision has also had an impact on our nursery, which has a waiting list and received a very positive Ofsted report In May. THE LINSKILL AND NORTH TYNESIDE COMMUNITY DEVELOPMENT TRUST CHIEF EXECUTIVE'S REPORT FOR THE YEAR ENDED 31 MARCH 2025 Finally. I want to recconize all of those imwrtant people who have made it possible for us to do and achieve so much this year.. Our dedicated. enthUS￿stIC Senior Managers and staff wh) work day-lo-day to ensure our buildings, activities and services run smoothly and meet the needs of our communilies. Our Board members who ensure we achieve our charitable aims and set the direction for everything we do., Our volunleers who quite simply help make everything possible. Simeon Rlpley Chief Executive Dat• THE LINSKILL AND NORTH TYNESIDE COMMUNITY DEVELOPMENT TRUST TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2025 The trustees present their annual report arxl financial statements for the year ended 31 March 2025. The financial staterrents have been yepared in aCCordar￿e wth the accountirbg polioes set out in note 1 to the financial statements and comply with the chanty's governing document, the Companies Act 2006 and "Accounting and Reporting by charit￿S. Statement of Recornmended Practice applicable to charities preparing their accounts in accordance wth Ihe Financial Reportin9 Standard applicable in the UK and Republic of Ireland IFRS 1021" (effective 1 January 2019). OBJECTIVES AND ACTIVITIES Policles and obj¢¢llve8 The objects, for which LNTCDT is established. are stated In its memorandum of Associats'on and are as follows.. To promote the benefit of the inhatxtants of the communities of the North Tyneside area without distinction of sex, sexual orientabon. race or political. religious or other opinDns by associating together the said inhabitants and the I￿al authoritses. voluntary and other organisations in a common effort to advance education, training and providing opportunities in the interests of social welfare with the tKimary objective of improving the condikn'ons of life for said inhabitants. To establish or secure the establishment of Ihe Communily Resource Centre (Linskill Centre) and maintain and mana9e the same whelher alone or In partnership or in Cowopefalion with local authorities or other persons in the furtherance of the stated objecls. In setting the objectives and planning for activities. tt)e trustees have given due con51deration to general guidance published by the Charity commission relating to publK benefit. Includin9 the guidance-public benefit.. running a charity {PB2)". Strategies for achleving obJectlv08 The trust's strategic prionties, as agreed by the board of trustees are." Improving Our Facililies - We will secure investment into our community facilities to ensure they become "go to" desbnations that meet the expeclations of today, Growing Strong C(¥nmunity Businesses - We Y￿11 grow our community businesses to become leaders in the field of events, catering and cwtference hire with V￿11 organised brands. Our community bu5inesse5 will dIVe￿fy their income streams to ensure they become robusl businesses Responding to Community Need- We will develop and deliler a range of comrnunity developmenl projects to meet community need. The strands V￿11 ftKus on Okjer People. Employability, Adult Learning. Health & Wellbeing and Children & Famil￿8. Extending Our Reach and Asset Base - We y￿11 expand our asset base and establish a hub and spoke model for both community facilities and Linskill Nursery. thereby extending our reach across the borough in association with North Tyneside Council. Developing a strong and Sustainable organisat￿n - We will be an enterprising, sustainable and well connected organisats'on that is seen as one of the lead Ofganisations in North Tyneside. THE LINSKILL AND NORTH TYNESIDE COMMUNITY DEVELOPMENT TRUST TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2025 ACHIEVEMENTS AND PERFORMANCE COMMUNITY PROGRAMNIE The Trust's Communlty Programme has ￿40 key elements.. A family programme that provides local families wth quality early years educats.on via Linskill Nursery, and a weekly timetable of family activities to support family life. An adull programme with a specific fcrus on over 55's with a range of actNitiès to support physical health and emot¢onal wellbeing. Famil Pr ramme Linskill Mursery is an 88 place Ofsted registerèd childcare provider. prov￿Ing care and educatDn for children aged six weeks to five years. An exFerienced and dedicated nursery team work across five bespoke rooms, each specifically resourced and set up to meet the developmental needs of the different age groups. An Ofsted inspectson took place in May 2024 which gave the nursery a 'Good' raling, wilh an excellent inspection reFort. The report hwhlighled the nurseries key strengths induding partnerships with parents, the safeguarding culture. and an ambitious and exciting curriculum for children. Key features of the nursery curriculum included leamin9 thiough movement and in particular learning inthe outdoors, developing environmentally suStaina￿e practices. nature inspirèd learning and connecling with the local community. During the year early yeafs practitioners embarked on their Level Three Foresl School leader training which has enabled fofesl school Sessions to lake place ix)th locally al Northumberland Park and onsite at Linskill Centre in the Wild Garden. Forest Sch(￿ seswons and nature-based learning allows the children to explore wldlife and b￿diversity. have re81 hands-on experien￿ ol using tools, and experience play in all weathers. This helps create resilient. irKlependent, curious and confident learners. This year the green fingered nursery children's produce included potatoes. onions, beetroots, carrots, strawberries. and raspberries. The chiklren planted. cultivated, harvested. ale, and cooked with Iheif home- grown produce. This aspect of the curriculum raised children's environmental awareness Including the importance of reducing food miles and packaging. It also supported the delivery of the Peisonal. Social and Emotional slrand of the curriculum as the children learned how to care for something to make it grow. The Nursery developed a new nurture garden to the fronl of the buikling, utilising an unused section of land, making an additional safe Spa￿ specifically for babies to play and expk>re. Fencing has Cfeated a small enclosure in which the children can explore lawn, plants and wndchimes, The intergenerational project continued. and children of all ages visited the adjacent assisted living complex. enabling the children and residents to interact wth each other. The children visited weekly and shared arts, crafts, stories and songs. The benefils for both the oldeT people and the children were evident io see. Bill's Book Barn also opened this year. an outdoor summerhouse filled with all things to promote young children's literacy! Thanks to a kind memonal donation from one of the nursery families, Bill's Book Barn was utilised by all nursery children ￿0 had access to a range of both ficlion and non-fiction books. It has also proven to be a favourite Place ft)r small group story tsme. During this year the Governrnent introduced more funded hours for families with children from nine months. This iswelcome news for families, providing opportunities to return to work and making childcare and educaiion more affordab￿. From September 2025. nearly 100Q/o of the children attending Linskill Nursery will be eligible for up to 30 hours offunded chil(kafe. THE LINSKILL AND NORTH TYNESIDE COMMUNITY DEVELOPMENTTRUST TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2025 Children and Youn Peo As part of our family provison, the Trust prOV￿ed a weekly programrne of fun activitr'es for families with children under four years. This is designed lo meet the developmentsl needs of children from the youngest infants through lo pre-school age. These activib'es also create opportunities for peer support and friendships. contributing to positive parental mental heallh Activilies included a rolling programme of infant massage to support healthy attachments, a weekly baby & toddler group and sensory play sessions, ffi a bespoke. unique on-site sensory room. The Trust also continued to offer weekly youth provision: The Hot Chocolate Club, at Battle Hill Multi Use Centre lor young people aged 11-16 years olds. This once-a-week evening session provides diversionary activities to reduce levels of crime and anb-social behavhaur in the area. Approximately 18 young people per week attended the sessions. y￿th gaming, sports and cookery popular choices of activity. Sessions on knife Cfime and county lines have taken p￿e with the SUPFrf)rt of the Itxal FK)Iice to educate young people and support community cohesion. In addition, a Saturday Club f￿ children and young ￿Ople aged 8-15 years who have speclal educational needs andlor disabilities was continued attractirYJ around 12 regular attendees. The club offered a variety of activities includiry arts, crafts, cooking and sporty games. althixjgh karJ)ke remains a firm favounte with th& young people! The Saturday Club was offered the opportunity to work Mth another local organisation 'Smile Through Sport" and their sports co&hes C*￿e out and delivefed some sports themed seSS￿nS with the young people which were well received_ The Adult Pr rarnme It was a busy year for the Adult Programme. which engaged with approximately 6000 adults. This programme aims to impfove mental health and wellbeing by following the 'five way5 to wellbeing. model, providing opportunities for people to.. KEEP ACTIVE KEEP LEARNING new skills and gain knowledge CONNECT with others to form fiiendships and establish social networks TAKE NOTICE and be present in the moment GIVE to others and practice acts of kindness A core programme of weekly and monthly activities included.. Socials, creativelcraft sessions. readinglcreative writing groups, film clubltrJ)ok club, Tai Chi, Cycling, and Pilates. Participants also enjoyed many one￿ff actiVit￿S such as visits out, walks, and talks inclLKfing'. A day trip to Keswick A visit to Stephenson Ra1￿Y Museum A visit to Belsay Hall gardens and castle A trip to Blyth Battery A Chnstmas Craft fayre THE LINSKILL AND NORTH TYNESIDE COMMUNITY DEVELOPMENT TRUST TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2025 Shedders- Linskill Shed The Shed project is funded Ihrough the Integrated Care 8oard IICB) and provides members of the local communily )sits'on of the charitable company and enable them to ensure that the financial statements comply with Ihe Companies Act 201A. They are also responsible for safeguarding the assets ol the charitable company and hence for taking reasonable steps for prevention and deteth'on of fraud and other irregularities, In so far as the TrUSt￿S are aware: 4 There is no relevant audit inlonY)ation ol which Ihe charitable company's auditor is unaware. and O The Truslees have taken all steps that they ought to have taken to make themselves aware ofany relevant audit information and lo establish that the auditor is aware of that information. AUDITOR Robson Laidler Accountants Limited were elected as aLxlitor for the ensuing year at the Annual General Meeting in accordance with sectio of the Companies Act 20(￿. Approved by the Board on...................... d sigred on their behalf by. J Prendergast Chairman 13 THE LINSKILL AND NORTH TYNESIDE COMMUNITY DEVELOPMENT TRUST INDEPENDENT AUDITORS REPORT TO THE MEM8ERS OF THE UNSKILL AND NORTH TYNESIDE COMMUNITY DEVELOPMENT TRUST Oplnlon We have audiled the financial statements of The Linskill and North Tyr*eside Community Development Trust {the 'chanlable parent company ) and its subsidiary (the 'group ) for the year ended 31 March 2025 which comprise the Statement of Financial Activities. Group and Charitable Company Balance Sheet. Ihe Cash Flow Statement and notes to the financial statements. includirKJ a summary of significant accounting poliues The financial reF)Orting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting siandard 102 The Financial Reporting St8ndaffl applicable in the UK an(Y Republi of Ireland (Uniled Kingdom Generally A¢￿pted Accounting Practice). In our opinion the financial statements.. give a true and fair view of the state of the group's and parent charitable company's affairs as at 31 March 2025, and of the groups incomirrfJ resources and application of resources. Including Ils income and expenditure, for the year then ended" have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practi￿,. and have been prepared in accordance with the requirements of the Companies Act 2008. Bas18 for oplnlon We conducted our audit in accordance with Intefnational Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities undef those standards are further described in the Auditor's respOn￿bit1t1eS for the audit of the financial statements section of our report. We are independent of the charity In accordance with the ethical requiremenls that are relevant to our audit of the financial statements in the UK. Including the FRC s Ethical Standard, and we have fulfilled our other eth￿1 responsibilities in accordance with these requiremenls We believe that the audit evidence we have obtained is suff￿￿￿t and appropriate to provide a basis for our opinion. Conclusions relating to going concem In auditing the financial statements, we have conduded that the t￿Stees, use of the going concern basis of accounting in the preparation of the financial statements ts appropriale. Based on the W￿rf< we have perfomied. we have not identified any material uncertainties relaiing to events or conditions that, individually or collectively.. may cast significant doubt on the group s and the parent chantable company's ability to continue a5 a going corKem for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilib.es of the trustees with respect to going con￿rn are described in the relevant secb'ons of this report. Other information The othér inforrnation comprises the infomiation induded in the annual report other than the financial statements and our auditor's report Ihereon. The trustees are fesponsible for the other informab'on contained within the annual report. Our opinion on the financial statemenis does not cover the other information and we do not express any form of assurance conclusion thereon Our responsibilty is to read the other information and. in doing so, consider whether the other information is materially incon515tent with the finar￿131 stalemenls or our knowledge obtained in the course of the audil, or otherwse appears to be materially misstated. If we Identify such material inconsistencies or apparent material misstatements, we are requifed to determine whether this gives rise to a material misslatemenl in the financial statements themselves. If, based on the work we have perft)rmed, we conclude that there is a material misstatement of this other inf0m￿tIOn, ve are required to report thal fact, We have nothing to report in this regard. 14 THE LINSKILL AND NORTH TYNESIDE COMMUNITY OEVELOPMENT TRUST INDEPENDENT AUDITORS REPORT TO THE MEMBERS OF THE LINSKILL AND NORTH TYNESIDE COMMUNITY DEVELOPMENT TRUST Opinlon8 on other matters prescribed by the Cornpanies Act 2006 In our opinion. based on the work undertaken in the course of the audit.. the information given in the trustees report {incorporaling the dTrectors' report) for the financial yeaf for which the financial statements are prepafed is consislent with the financial statements, and the directors. report has been prepared In accordance with applicable legal requirements. Matters on which we are required to report by exception In the light of Ouf knowledge and understanding of the group and parent charitable company and its environment obtained in the course of the audit. we have not Identsfied matenal misstatements in the directors, report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 require8 us to report to you if. in our Okxnion. adequate accountin9 records have not been kept by the parent charitable company, or returns adequate for our audit have not been received frcxn branches not wsited by us. or the financial stateff*nts are not in agreement wth the accounting records and retums: or certain disclosures of directors remunerabon specified by law are not made" or we have not received all the infomiation and explanations we require for our audit.. or the trustees were nol entitled to prepare the financial stalements in accordance with the small companies, regime and take advantage of the small companies, exemptions in preparin9 the directors, report and from the requirement to prepare a strategK rewrt. Responsibllities of tru8tee8 As explained more fully In the trustees. responsibilities statement. the trustees (who are also the directors ol the charitable company lor the purFK)ses of company l&v} are responsible for the preparats'on of the financial statemenls and for being satssfied that they give a Irue and fair view, and for such internal control as the Irustees determine is necessary to enable thè preparabon of financial statements that are free from material misstatemenl. whether due to fraud or error. In prepanng the fjnancial statements. the truslees are responsible for assessing the group's and parent charitable cc¢npany's atslily to continue as a going Concern. disck)sing, as applicable, maller5 related to going concem arKI using the going cOr￿[n bass of accounting unless the trustees either intend to liquidate the tharitalle company or to cease operations. or have no realisbc altemative but to do so. Audltor8' r68pon8lbllities for the audit of financial statements Our objeclives are to obtain rea${￿able assurance about whether the financial statements as a whole are free from material rnisstatement. whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance Is a high level of assurance but is not a guarantee that an audit conducted ir) accordan with ISAS (U K) will always delect a material misstatement when rt exisls. Misstatements can arise from fraud or error and are considered material if, irKlividually or in the aggregate, they could reasonably be expected to influence the economic decisior￿ of users taken on the basis of these financial statements. The extent to which our procedures are capable of detecting irregularities. ir￿lUding fraud, is detailed below. The risk of material misstatement due to error or traud has been assessed in conjunction with how intemal conliols may mitigate any such risk. These controls are reviewed as part of the audit be performing systems walklhroughs to ensure they are operats'ng effectively Other subsiantive testing is also pertormed on all matenal balances and therefore any instances of non-compliance should te Identified or considered as insignificant. 15 THE LINSKILL ANO NORTH TYNESIDE COMMUNITY DEVELOPMENT TRUST INDEPENDENT AUDITORS REPORT TO THE MEM8ERS OF THE LINSKILL AND NORTH TYNESIDE COMMUNITY DEVELOPMENT TRUST In idenb'fying and assessing risks of material misstatement in respect of irregulan'ties, including fraud, the audit engagement team: obtained an understanding of the nature of the industy and sector, including the legal and regulatory framework, in which the charitable company operates arrtl h(YoV the company complies with that legal and regulatory framework. inquired with management and those charged with governance about their own Identification and assessment ofthe risks of iTregularities, including any know actual, suspected oralleged Instances offraud. discussed with management and those charged with govemance any r)on-compliance with laws and regulations and how fraud might cttur including assessments of how and where the financial statements may be susceptible to fraud. The risk of management override of controls was a180 considered an area of p)tential misstatement due to fraud. Audit procedures perfomied included testing of manuat Journal entries and other adjustrnents and evaluating the business rationale in relation to significant, unusual tran&￿t￿nS and transactions entered Into outside the normal course of business. A further description of our resFM)nsibilit￿s for the audit of the financial statements Is located on the Financial Reporting Council"s website al.. ￿￿.frC.Org.Uklaud1lOrs￿sp0n￿bI1lb.e$. This description foms part of our auditor's report. Use of this report This report is made solely to the charitable company's members, as a bojy. in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit vnrk has been undertaken so that we rnight state to the charitable company's members those matters we are required to state to them In an auditorfs reFQrt and for no other purpose. To the fullest extent pemiitted by law. we do not accept or assume responsibility lo anyone other than Ihe charitable company and the charitable company's members as a body. for our audit work. for this repor( or for the opinions we have formed. Nicholas Cunningham Msc 8Sc FCCA (Senlor Statutory Audilor) For and on Behalf ol Robson Laidler Accountants Limrted Statutory Auditors Fernwood House Fernwood Road Jesmond Newcastle UFQn Tyne Tyne and Wear England NE2 1TJ Date: a- 11- Irf 16 THE LINSKILL AND NORTH TYNESIDE COMMUNITY DEVELOPMENT TRUST CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 Current flnanclal year Unrestricted Restrlctod funds funds ToLql 2025 Total 2024 Notes Income and endowments from: Donations and legacies Charitable acbvities Other trading activitsès Investments 5,262 1,326.227 541.591 141.433 146,695 1,326,227 541,591 7,592 2,022,105 97,181 1,224,257 485,657 701 7.592 Total Income 1,880.672 141,433 1.807,796 ènditure on: Raising funds Charitable activib'es 433 092 433.092 1,575.804 2,008,896 365.186 1,426,357 149,447 149.447 1,533,646 1,898,832 Total expenditu 1.859,449 Net gains l (losses) on Investments 12.5331 ¢2,533) 24.131 Net movement in ltsnd8 18,690 (8.014) 10,676 <66,905) Reconciliation of funds Fund balances at l April 2024 20 638.729 530,554 1,169,283 1,236,188 Fund balances at 31 March 2025 20 657.419 522.540 1.179,959 1.169,283 The statement of financial activities includes all gains and losses recognised in the year. All incomè and expenditure derNe from conts'nuing activities. The statement of financial activib.es also complies wth the requirements for an income and expenditure account under the Companies Act 2006. 17 THE LINSKILL AND NORTH TYNESIDE COMMUNITY DEVELOPMENT TRUST CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 Prior flnancial year Unrestricted Restrlct•d funds fund8 Total 2024 Notes Income and endowments from: Donations and legacies Chantable activities 8.135 1.224.257 89.046 97,181 1,224,257 485.657 701 Other trading activits'es Investments 485,657 701 Total Income 1.718.750 89.046 1.807.796 Ex endlture on: Raising funds Charitable activits'es 365.186 365,186 1,533,646 1,898,832 1.293.608 240,038 Total expenditur8 1.658.794 240.038 Not galn8 I IIossè8l on Investmènts 24.131 24.131 Net movement Sn lunds 84,087 (150.992) (66,905) Reconciliation of funds Fund balances at 1 April 2023 554,642 681.546 1,236,188 Fund balances at 31 March 2024 20 638.729 530,554 1.169,283 18 THE LINSKILL AND NORTH TYNESIDE COMMUNITY DEVELOPMENT TRUST CONSOLIDATED BALANCE SHEET FOR THE YEAR ENDED 31 MARCH 2025 2025 2026 2024 2024 Notes Flxed as88ts Tangible fixed assets Investments 12 942,159 165.820 1.107,979 975,259 168.353 13 1,143.612 Current assets Stock 14 6,983 80,S72 408,989 496,544 8,296 68.164 266.292 Debtors 15 Cash at bank and In hand 342.752 Creditors: afflounts falling due within 1 year Net current assets 16 (307,197) (218 9771 189.347 123,775 Totsl a88el8 le88 current liablllties 1,297.326 1,267.387 Creditor5: amounts falling due in more than one year 17 1107,661) 189.292) Provisions for liabilities 19 {9,706) (8.812) Net assets 1,179.959 1.169.283 Reserves Unrestncted funds 20 657,419 522,540 1,179,959 638.729 530.554 1.169.283 Restricted fund5 20 Total reserves These financial statements were approved by the Board of Trustees on . by Chair Company regislralion number.. The mtes on pages 21 to 35 form part of these financial statements 19 THE LINSKILL AND NORTH TYNESIDE COMMUNITY DEVELOPMENT TRUST CHARITY BALANCE SHEET FOR THE YEAR ENDED 31 MARCH 2025 2026 2025 2024 2024 Notes Fixed assets Tangible fixed assets Investments 12 891.074 165.821 1,056.895 928,881 168,354 1,097,235 13 Current a88ats Stock 14 681 623 Debtors 15 52.574 309,232 32,818 158,121 191,562 Cash at bank and in hand 362,487 Creditors: amounts lalling due within 1 year Net current assets 16 (270,5021 (199.858> 91,985 (8,296) 1,088.939 Totsl a890ts le88 Current Ilabllltles 1.148.880 Credltors: amounts falling due In more than onè year 17 (107,661) (89,292) Net assets 1.041.219 999.647 Reserves Unrestricted funds 20 518.679 522.540 1.041,219 469.093 Restricted funds 20 530.554 Total reserves 999,647 These financial statements were approved by the Board of Trustees on ... .. .and are signed on thèir behalf by Chair Company registration number:X)4ptit:IS' The notes on pages 21 to 35 form part of these financial ststements THE LINSKILL AND NORTH TYNESIDE COMMUNITY DEVELOPMENT TRUST STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 Cash flows from operating activities Net cash provided by (used In) operating ath'vities 22 2S2,849 109.436 Cash Ilows from Investlng activities Purchase of tangit4e fixed assets Net cash provided by (used inl investing activities {114,121> 1114.121) (152,620) (152,620) Cash flows from financing activities Cash flows from new tK)rrowing Repayments of borrowing 123,739 (119,770) 3.969 (46,113) (46,113) Change In cash and cash equivalents 142,697 (89.297) Cash and cash equivalents at the beglnnlng of the yèar 266292 355,589 Cash and cash equtvalents at the end of Ihe year 408,989 266.292 21 THE LINSKILL AND NORTH TYNESIDE COMMUNITY DEVELOPMENT TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 Accounling policies 1.1 Basis of preparation of financial statemonts The financial statements ofthe charitable company, wthich is a public benefit enbty under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reportin9 by Chanlies.. Statement of Recommended Practice applicable to chants'es preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) (effective 1 January 2019).. Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial statements have been prepared under the histoncal cost convention. with the exception of investments which are included at market value Thè financial statements a￿ prepared in sterling. which is the funCt￿nal currency of the charity. Monetary amounts in these fi'nancial ststements are rounded to the nearest £ The financial statements have been prepar￿￿ on a going concern basis. The charity's forecasts and projections tor the next twelve months show that the charity should be able to continue in operational existence for that period. taking into account reasonable possible changes in trading perfomiance The charity has strong positive cash balances and is forecasting for this to continue to be the case. The Trustees have stress tested their forecasts, taking Into account various scenarios. and remain confident that the uncertainties do nol cast significant doubt on the charity's ability to continue as a going concern. The Linskill and North Tyneside Community Devebpment Trust meets the definitson of a public benefi't entity entry under FRS 102. Assets and liabilities are initially recognised at historical cost or transacknon value unless othetwise stated In Ihe relevant accounting poticy note{5>. 1.2 Ba818 of con8011dallon The group financial statements consolKlate the financial staiements of the charitable company and its wholly owned subsidiary undertaking, Linskill Trading Limited. on a line-by-line basis_ A separate Statement of Financial Acbvitses for ihe charity Itself is not presented because the charily has taken advantage of the exempts'ons afforded by secbon 408 of the Companies Act 2006. A subsidiary is an ents.ty controlled by the parent charity Control is achieved where the charity has the power to govem the financial and operaling pohcies of an enbty so as to obtain benefits from ils activities. 1.3 Fund structure The charity has restricted funds to aCC￿nt for the donor requinng Ihat the donation must be spent on a particular purpose. All other fijnds are unrestricted inconE funds. The funds held in each of these categories are disclosed In the Reserves Notes. Unrestricted funds comprise those funds which the trustees are free lo use for any purpose to furtherance the charitable objectives. Designated fvnds are ￿MoUnts which have been pui asKJe at the discrets.on of the trustees and a therefore not available for other purposes. Restricted funds represent grants, dOr￿￿'0nS. le9acEs and assets which are allocated by the donof for specific purposes, THE LINSKILL AND NORTH TYNESIDE COMMUNITY DEVELOPMENT TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 1.4 Income All incoming reSoUr￿S are included in the Statement of Financial Activitse5 (SOFA) when the charity is entitled to the income, and Ihe amount can te quantified with reasonable accuracy. Grants receivable are recognized when the charty has entitlement to the funds and any conditions linked to the grants have been met. V¥here performance conditions are attached to the grant and are yet to be met. the income is recognized as a liability and included ￿ the balance sheet as deferred income to release. Donations and le9acEs are recognoed when the charity Is notified in writr'ng of both the amount and settlement date. In the event a donation is subject to conditions that require a level of perfomiance by the charity, the income Is deferred and not recognized until tl)ose coTraitions are met. Incoming resources from tax reclaims are included in the Statement of Financial Activities at the same time as Ihe gift to whith they relate. lthere a gift in kind is given to the charity and it can be reliably measured, the gift is shown in both voluntary income and charitable activib'es. Investment income is recognized on a recxrdble basis, when the amount can be rneasu￿ reliably. This is normally upon notificatson from the bank. Income fTom charitable ￿tIvItieS indudes irKome received under advance contract or Whe￿ entitlement io grant funding Is subject lo specific Ferf0n￿an￿ conditions Is recognized as earned (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 entitlement, certainty of receipt and the amount can be measured with sufficient reliability Incorne is defeFred where related grants are received and Ihe performance corKlIt￿nS relating to its entillemenl are not met. 1.5 Expenditure Expenditure is recognised once there is a legal or constructive obligatson to transfer economic benefit to a third party it is probable that a transfer of economic benefit will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot directly attributed to particular headirKJs, they have been all￿ated on a basis consistent with the use of resources. Raising furth are the costs included of commercial tradirvJ Including Ihe trading company's activities and the lelting OFerations, logelher with their a&%iciated support costs. Charitable expenditure comprises those costs Incurred by the charity in the delivery of its activities and semces for its beneficianes. It includes bolh costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. Support costs a￿ those functions that assist the work of the charity but do not directly undertake charitable activitses. Support cosls include back-office costs. finance. personnel. payroll and governance costs whKh support the chanty's (and group's) activib'es. The ba515 on which the support costs have been allocated are set out in the support cost r￿le. Governan￿ costs include the costs attributable to the charity's compliance wilh constitutional and statutory requirements, including audit. strategic management and trustee's meetings. All expenditure is inclusive of irrecoverable VAT. 22 THE LINSKILL AND NORTH TYNESIDE COMMUNITY DEVELOPMENTTRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 1.6 Flxod a88ets Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuabon. net of deFyeciaiion and any Impairn￿nt losses. Depreciation is recA)gnised so as to write off the cost or valuation of assets ￿$S their residual values over their useful lives on the following bases.. Long-term leasehold property - 15 % reducing balance Fixtures and fittings 1 S 0￿ reducing balance Office equipment - 15 % reducing balance Cl￿puter equipment 33% straight line The gain or loss arising on the disposal of an asset is detennined as the difference between the sale proceeds and the carrying value of the asset and is recognised In the statement of financial actsvitses. The group has a policy rK)t to capitalise indivKlual assets Cosling under £500. 1.7 Flxed asset investments Investments In subsidiaries at valued at cost less provigon for impaimient. 1.8 Impairnient of fixed assets Fixed assets are reviewed for ifflpairment if events or changes in circumstances indicate that the carrying amount of such assets may not be recoverab￿. If there Is an indicabon of possible impairment, the recoverable amount of any affected asset is estimated and compared against its carrying amount. Whère the estimated Tecoverable amount is lower, an impainnent loss is recognised immediately in profit and loss. 1.9 Stock Stocks are valued at the lower of cost and net realisable value after mthng due allowance for obsolete and slow rrKwing items. fj.10 Trade debtor8 Trade debtors are wnounts due from custoniers for mertharKlise sokl ￿ ServI￿S performed in the ordinary course of busness. Trade debtors a￿ inib'ally recognEed at transaction pnce. 1.11 Trade creditors Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of bu&ness. Accounts payable are classified as ¢urrenl liabilities if the charity does not have an unconditional right, at the end of the repo￿ng period. to defer settlement of the creditor for at least ￿e1ve months after the reporting date. Trade creditors are initially recognized at transaction pri￿. 1.12 Cash at bank and in hand Cash and cash equivalents include cash in hand. deposits held at call with banks. other short-term liqu investments with original maturities of Ihree months or less. arKI bank overdrafts. Bank overdrafts are shown within borrowings in current IrabilitEs. 1,13 Corporation tax As a charity, Ihe company is exempt from tax on inccxrte and gans to the extent that these are applièd to its charitable objects. No tax charges have arisen in the charity. 23 THE LINSKILL AND NORTH TYNESIDE COMMUNITY DEVELOPMENT TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 1. 14 Ponslons and other po$t-retlrement obllgations The group operated a defir￿d contnbubon pension scheme which is a Fension plan under which fixed contributions are paid into a pen￿On fund and the group has no legal or constructive obligation io pay lurther contributions even if the fund does not hold sufficient assets to pay all ernployees the benefits relating to employee service In the current and prior penods Contributions to defIr￿ COntri￿tiOn FAans are recognized in the statement of Financial Activities when they are due. 1.1 S Estimation unc•rtalnly and judgements The preparation of financial statements requires management to make Judgements. ests'mates and assumptions that affect the amounts reported. These estimates and judgements a￿ continually reviewed and are based on expenence and Oiher factors. including expectalions of future events thal are believed to be reasonable under the circumstances Donatlons and legacies Unrestricted funds Restricted funds Total 2025 Donations Grants 7,312 134,121 141,433 7,312 139,383 146,695 5,262 5,262 Unrestricted funds Re8trlcted funds Total 2024 C)onations Grants 8,135 8,135 89,046 97,181 89,046 89,046 8.135 Income from charitable actlvltle8 Unrestricted Totsl funds funds 2025 2025 Total 2024 Room hire Nursery inc¢)ff Fundraising Solar panels Consultancy Miscellaneous 334,415 922,151 2.399 15.963 3.700 47.599 334,415 922,151 2,399 15,963 3,700 47,599 1,326,227 307.761 856.415 1,227 6,210 7.324 45,320 1,224,257 1,326.227 All income from charitable activits'es is unrestricted in the current and prior year, 24 THE LINSKILL AND NORTH TYNESIDE COMMUNITY DEVELOPMENT TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Other trading activlties ToLI1 2025 Total 2024 Rental provision Catering income Private events Electric car charger Other income 280,837 188,323 55,356 17,075 276.557 175.220 25,718 7,945 217 541.591 485,657 All incomè from trading is unrestricted in the current and prior year Investment Income Total 2025 Total 2024 Bank Interest rece￿able 7,592 701 All income from interest is unrestricted in the current and prior year Charitable aclivit5es Activitles undertaken directty 2025 Support Costs 2025 Total 2025 Expenditure on charitable activitEs 1.510,879 64,925 1.575,804 Activities undertaken directly 2024 Support costs 2024 Total 2024 Expenditure on charitable xtivities 1,492.g29 40.717 1,533,646 2025 2024 Analysi8 per fund Unrestricted Restricted 1,426,357 149,447 1,575,804 1,293.608 240.038 1,533.646 25 THE LINSKILL AND NORTH TYNESIDE COMMUNITY DEVELOPMENT TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Supporl costs Support Governance costs Costs Support Governance Costs costs 2025 2024 Interest Legal and professional Auditors, remuneration 8,545 9.497 9,497 18,495 12,725 40,717 43,280 13,100 56,380 43,280 13,100 64.925 18,495 12,725 31,220 8,545 9,497 Net incoming l outgolng resources Total 2025 Total 2024 Group audit fees Depreciation 13,100 147,221 12,725 170.594 Group 2025 Group 2024 Charlty 2025 Charlty 2024 Staff costs Wages and salaries Social security costs Pension contributions 1,173,665 86.696 41,406 1,301.767 1.W.501 44,273 35.894 1.164.668 895.529 86,696 41.406 1,023.631 825.560 64,273 35.894 925.727 The average number of persons employed by the group during the year was as follows Group 2025 No Group 2024 No Management Engaged in charitable acti%fjties 59 58 65 The number of employees who re¢eived total employee benefits (excluding employer pen51M Costs) of more than £60.000 is as follows: 2024 202 No. £60,001- £70.000 Amounts paKI to key management peisonnel vlere £323.263 (2024.. £301,617} THE LINSKILL AND NORTH TYNESIDE COMMUNITY DEVELOPMENT TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 The key management personnel were as follows.. Mr S Ripley, Chiel Executsve Ms S Richardson, Finan￿ Manager Mrs K Steen. Customer Servi￿5 Manager Ms M Adarns, Operations and Markeb'ng Manager Ms L Cervantes. Community Programrne Managei Mrs D Ounn, Nursery Manager My l Holland. Customer Service and Facilit'es Superrfisor 10. Tru8te08' remuneratlon and expen808 During the year, no trustees received any remuneratK>n or other benefits (2024.. £nil). During the year ended 31 March 2025, no trustees, expenses have been incurred12024: £nil). Taxatlon The charity is exempt from tax on I￿Orne and gains lo the extent that these are applie¢Y to its charitable objects No tax charges have ansen in the charrty. 12. Tangible flxed assets Group Long-terni leasehold Flxture8 and property fittings Office equlpfflent Computer equipment ToLIl C08t At 1 April 2024 Additions Disposals 676.293 1.269.531 96,895 (8.876) 2,766 53,932 17,226 2,002,522 114,121 16,876) At 31 March 2025 676.293 1.359,550 2.766 71.158 2,109,767 Depreclation At 1 April 2024 Charge for the year Eliminated on disposals 414,487 39.270 561,757 103.526 (6,876 1,554 182 49,465 4,243 1,027,263 147,221 (6,8761 At 31 March 2025 453,757 658,407 1.736 53,708 1,167,608 Net book value Al 31 March 2025 222,536 701,143 1,030 17,450 942,159 At 31 March 2024 261.8(k8 707.774 1,212 4,467 975,259 27 THE LINSKILL AND NORTH r(NESIDE COMMUNITY DEVELOPMENT TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 12. Tangible fixed assets (continued) Charity Long-temi leasehold Fixtur•s and property fittings Offlce equipment Computer equipment Total Cost Al 1 April 2024 Additions Disposals 676,293 1,140,911 88.060 (6,876) 2,766 53,932 12,945 1.873,902 101,005 (6,876 At 31 March 2025 676.293 1,222,095 2,786 66,877 1,968,031 Depreciation At 1 April 2024 Charge for the year Eliminated on disposals 414,487 39,270 479.515 96.011 (6,876) 1.554 182 49.465 3,349 945,021 138,812 {6,876) At 31 March 2025 453.757 568,650 1,736 52,814 1.076,957 Not book value Al 31 March 2025 222,S36 653.445 1.030 14.063 891,074 At 31 March 2024 261,8C 661,396 1,212 4.467 928,881 13. Fixed asset Investments Group Listed Investments Cost or valuation At 1 April 2024 Revaluations 168.353 (2,533) At 31 March 2025 165,820 Net book value At 31 March 2025 165,820 At 31 March 2024 168,353 28 THE LINSKILL AND NORTH TYNESIDE COMMUNITY DEVELOPMENT TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 13. Fixed a88el Investments Icontinued) Investment Listed In subsldlary Inveslments Charity Total Cost or valuation At 1 April 2024 Revaluations 168,353 (2,5331 168,354 12.533 Al 31 March 2025 165.820 165,821 Net book value At 31 March 2025 165,820 165,821 At 31 March 2024 168,353 168,354 Subsidiaries The following was a subsidiary undertaking of the charity: Name of undertaklng Nature of buslness Class of 8hare8 % Held Direct Linskill Trading ￿MIted Operation of iental and catering I￿AlitieS Ordinary 100 Registered office address (UK unless olherwise indicated). The Linskill Centre. Linskill Terrace, Noth Shields, NE30 2AY The fir￿ncial results of the Sub￿diary were as follows.. 2025 2024 Income Expenditure 597,266 1467,5981 545.484 (400,0101 Profit l (loss} for the year 129,668 145,474 Net assets 138,742 160,638 29 THE LINSKILL AND NORTH TYNESIDE COMMUNITY DEVELOPMENT TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 14. Stock Group 2025 Group 2024 Charity 2025 Charity 2024 Raw materials and consumables 6.983 8,296 681 623 15. DebtorJ Group 2025 Group 2024 Charlty 2025 Charity 2024 Trade debtors Prepayments and &crued income 72.352 8.220 80,572 59.201 8.963 68.164 45,007 7,567 52,574 26.330 6,488 32,818 16. Crodltors: amounts falling due within 1 year Group 2025 Group 2024 Charity 2025 Charity 2024 Bank loans Other loans Trade creditors Amounts owed to group undertakiws Taxalion and social security Accruals and deferred income 10,64g 25,91S 16.850 31,576 19.387 23.718 10,648 25,915 13,542 9,105 24.639 186,6S3 270,502 31,576 19,387 20,529 10,458 20,200 97.708 199,858 36.381 217,403 307.197 33,254 111,042 218.977 Included in the ab)ve is deferred income of £160.969 (2024" £71,242) in relation to income received in advance of the relevant service being provided. 17. Creditors: arnounts falling duo aftor 1 year Group 2025 Group 2024 Charlty 2025 Charlty 2024 Bank loans Other loans 10,137 97,524 107.661 89,292 10,137 97,524 107,661 89.292 89,292 89.292 THE LINSKILL AND NORTH TYNESIDE COMMUNITY DEVELOPMENT TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 18. Borrowings Group and Charity 2025 2024 Bank loans Other loans Al 31 March 2024 20,785 123,439 144,224 120.868 19.387 140.255 Payable wilh one year Payable after one year 36.563 107.661 50,963 89,292 19. Deferred tsx Group 2025 2024 At 1 April 2023 Charg@ for the year At 31 March 2024 8,812 894 10.240 {1,428) 8,812 9,706 The deferred tax lialility is rnade up as follows.. Fixed asset timing differen 9,706 8.812 20. statemént of funds Balanca at 1 Apr 2024 Gains Balance at (losses) 31 Mar 2025 Group- curront year Income Expenditure General funds" 638,729 1.880,672 {1.859.449) (2.533> 657,419 Restrictfrd funds Big Build Shedders Refurbishment & environmental upgrades Covid-19 support Community Developrent Children & y<)ung people Marketing Small capita grants 225.528 46.949 (41,404) (7,042) 184,122 39,907 190,991 15 28.913 30,545 613 7.002 530,554 61.130 (27,875) {151 (53,7751 (17.962) {329) 224.246 61,113 19.190 36,251 31.773 284 5,957 522,540 141.433 (149.447) Total fund8 1,169.283 2,022.105 {2,008,896) (2,533) 1,179,959 31 THE LINSKILL AND NORTH TYNESIDE COMMUNITY OEVELOPMENT TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Balance at 1 Apr 2023 Gains 8alance at Ilossesl 31 Mar 2024 Group~ prior year Income Expenditure Generdl funds 554.642 1,718,750 (1.658.794) 24.131 638.729 Restrlcted funds Big 8uiid Shedders Refurbishment & environmental upgrades Covid-19 support Community Development Children & young peopk Marketing Small capital grants 272.031 66.295 {46.505> (19.346) 225,526 46,949 225.531 667 36,737 48.111 23,937 8.237 681.546 (34.540) (652) (64.9061 (49.530) 123.324) (1.235) (240.038) 190,991 15 28,913 30,545 613 7,002 530,554 57.082 31.964 89.046 Total lunds 1.236.188 1,807,796 {1,898,832) 24.131 1,169.283 The specific purpose for which the funds are to be applied 18 as follows.. Restrlcled funds: Big Build The Big Build grar)t consists of the following. Big Lottery Fund - refurbishment and m(xlernisation of the center and structural works Garfield Weston Foundation - iefurbishment and WYM￿ernISatiOn of the center and structural works The 1 g89 Willan Chantable Trust - refurt)ishment and mc4Jernisation of the ￿nter and structural works Community Foundation l John Bell Fund installation of double glazing Sir James Knott Trust - refurbishment of the community room and Big Build project Bernard Suley Charitable Foundation - refurbishment and modernisation of the center and stnJGtural works Shedders Grants received in respect of the Shedder5 Prqecl- Natiorkil Mens Shed from NTC CCG Refurbishment and environmental upgrades The refurbishmenl and envlr0nff￿ntal grants consist of: Ecclesiastical - refurbishment ol the Langly r(xHn North Star Access Grant - energy improvements Reach Fund- Keep Linskill Warm - to carry out energy SUNeys on all sites Marks and Spencer Captal Fund - installabon of solar panels at the center. Covld-19 support Grants received in the year in respect of the Cowd-19 support from the Virgin Money Foundation. the National Lottery Community Fund and The Willan Trust. THE LINSKILL AND NORTH TYNESIDE COMMUNITY DEVELOPMENT TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 Community Development The community development grants relate to: The Community Foundab'on - Kellett Fund - activities for the over 55's under engAGE Big Lottery Fund - ServI￿S at Batue Hill Chlldrén and young people The children and young peor4e grants relate to.. Coast Soccer Children and Young People Fund - chiklren's and young people activities Community Foundats'on- Wellseley Young People- Saturday kids club Markotlng Grants received from the Lottery Fund - Avfards for All to improve marketing, website, video and photography. Other small capital Other srnall capital grants comprise grants with and opening and closing balance of less than £4.000 and include amounts from the John Bell Fund, the Barbour Trust and the Linden Family. 21. Analysis of net assets botwwn funds Unrestricted Funds Restricted Fund8 Group- current year Total Tangible fixed assets Fixed asset investments Currenl assets Creditors due within 1 year Creditors due in more than 1 year Provisions for liabilities and charges 527,604 165.820 388.559 (307,197) (107.661) {9,7CfJ) 657,419 414.555 942,159 165,820 496,544 (307,197> <107,661 > (9.706> 1,179,959 107,985 522,540 Unrestricted Fund8 Restrlcted Funds Group - prlor year Total Tangible fixed assets Fixed asset investments Cufrent assets Creditors due wthin 1 year Cfeditors due in more than 1 year Provisions for liabilities and charges 491,332 168,353 296,125 (218,977) (89,292) 8,812 638,729 483,927 975.259 168,353 342.752 1218,977) 189,292) 18,812) 1,169,283 46,627 530.554 33 THE LINSKILL AND NORTH TYNESIDE COMMUNITY DEVELOPMENT TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 22. Reconciliation of net movement in fund8 to net cash flow from operating activities 2025 2024 Net income l {expenditure} for the year 10,676 {66.905} Adjustments for: Depreciation Dèferred tax movernent Losses l (gains) on investments IProfit) I loss on disFosal of fixed assets {Increase) I decrease in St(￿kS (Increase) I decrease in debtors Increase I decrease in creditors Net cash provided by operatlng actlvltle8 147,221 894 2,533 170,594 <1 ,4281 (24.131) 7.895 {970) 36.465 (12.084) 109.436 1,313 (12.408> 102,620 252,849 23. Analy818 of change8 in net debt Other non- ash chan908 At 1 Aprll 2024 At 31 March 2025 Cash Ilows Cash at bank arKI in hand Loans due within 1 year Loans due more than 1 year 266.292 150.963) (89,292) 126.037 142,697 14.400 118,369> 138,728 408,989 (36,S63 107,661 264,765 24. Pon8ion commitments The gfOUP operates a defined contributs'on pension scheme. The assets of the scheme are held separately from those of the group in an independently administered fund. The pension cost charge represents contributions payable by the group to the fund and amounted to £41.408 {2024. £35,894) in the year. At the balance sheet date amounts Were payable to the furKI of £5,623 {2024, £4,826) vthich are included in creditors. 25. Related party transactions During the year, the group made the following relat&S party transactions: PM Cornmercial Property Con8ultants Llrnlted - director in common The group was charged £3.43712024. £3,835) for consultancy work In relation to lease agreements. Al the b8lanTr sheet date, the amount owed to PM Commeraal Property Consultants was £nil (2024., £nil}. Carly Elyse Robinson - trustee close family member Carly Elyse Robinson was charged £11.992 (2024. £13.242} for nursery fees. At the balance sheet date the amount due from Carly Elyse Robinson was £nil (2024. £nil). THE LINSKILL AND NORTH TYNESIDE COMMUNITY DEVELOPMENT TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 Remembering the past, Resourcing the future (RPRF)- Iru8tee In common RPFR was charged £6.427 (2024. £6,241) lor tenancy. At the balance sheet date. the amount due from RPRF was £572 {2024. £7971, Rlcci Boston - trustee Ricci 8oston was charged £5.52212024'. £4.253) for nursery fees. At the balance sheet date an amount of £nil (2024. £680) remained outstanding