CHARITY COMMISSION North Allerdale Development Trust Limited (A comp8ny Ilmlted by gu3rants•l Annual Report and Financlal Statements 31 October 2023 Company reglslratlon number: 06725932 Chaylty regL8tration number: 1131992 dOdd&co
North Pjlerdale Development Trust Llmlted Contents R?f8rènce and Administratsve DetaiL8 Tr, report Tnjsteès, rnsponsibi¢g1n relation tolha finanaal statemw)ts Indepen(lent8X8m1n8 report St*èmentoffinandal activths 10 Balanc• sheet 11 Not88 lo the financial 8tatwMents 12
North Allerdale Development Trust Limlted Reference and Admlnlstratlye Detslls Ch¥rlty n*m• North Allerdale Development Trust Limited Chwlty regiotration numbor 1131992 Company rngl•tratlon numbgr 08725932 Prfnclpal offl¢e The Mathet Hall Church Street WIGTON CA7 9AA Reyl8t•r•d offico The Market Hall Church Sireet WIGTON CA7 9AA Tru8tetr WLobther, Ch¥ir (Resignation 15 May 20231 D Phllllps, Chair D S Walker, T8¥Y[gr 8nd Deputy Chair C Pg8Tson (Re56gMd 8 Auswst 20231 D M Horton M I Wilson A C C Pitcher IAppJinted 15 May 20231 IApwint•d 15 May 20231 J R Roblnson M S H¢aney 14)p)intsd 25 Mard) 20241 SD¢retarle$ C Pearson IRe¥i9ned 8 August 2023} (Appointed 8 August 20231 J Robinson CEO S Keaveney A¢¢ountanl Oodd & ¢0 Limited FIFTEEN Rosehill IAontgomery Way R05ehill Estate CARLISLE CA12RW Pag$ 1
North Allerdale Dev•lopment Trust Umltod Tnjstees. Report for the Year Endod 31 October 2023 OBJECTIVES AND ACTMTIES The tharws objectivesare.. ro provtde or asslst In the promsion of farjlitles in the intsrests of soci¥l welf8re for r¥fX9alon or otherleisura tine octupal'on ol indiwduals In North Allèrdalè who hava n6ed of such facilits'es by reason ol their youlh, e, Infimiity or disability, financial hardship or social rdfcurn8tsnSWllh th¢ object of Improvlng thelr CL)ndibons of &'fe. Tha promotion of the voltary sector for the benefit ol the public through tho provislon of athc&. support and assistanea to rngist•r8t1 charitsas gnd voluntary Organisatior in North Alrdle. To act as a rnsourcA for young people up to the agg af 25 liwr¢J in North Allerdale by providing adwce and assistan and tsryanislng programmes of physical, educational and otheractiviti8s 85 a tntran5 Of. Advancing ihe life ?nd heln young people by developing their Skills, capaths and wabilibes to ènable them to parrApate in 80ciety 88 Independent. mattjre and responsible indMdual8 Advancing education Pwding recreational and lei8ure tirne act1 In the Interests of soual wellare for people Ilwng in thg area of bonefil who have ne•d by reason ol their youth. age, infirrnity or dSsabllty, povety or social and eeonoml¢ drwrn3tsncès¥th a wew to iMprong the condltions of lifs of$u¢h perSS Assisliryj 8ny rknrfty In North AJlèrdaK8 whose aims Include¥ advanring ueStiOn ofpersorts der the age of25 years. The relief of Lmemployment in Noth Ajlerdale in such ways as may be thought fft, irrfdg assIStsn to employmant In dÈtemilnlng tha charltys activities during tho ytrar, thè trustees had du8 regard lo the Charity Commission's wblic benefit guidance. FWANCIAL APID OPERATIONAL REVIEW Grants During th• reporting period the Trust has obtained the folbK4ing gTants'. Cumbria County CounrAI Cumbria Youth Alliane Cumbria Communty Foundation c[0P Local Communlty Fund Francis C. Scott ChAritabTrUSt Haritage Lottw Fund Garfield Weston Foundafjon WÈ aré also vèry excAted to WelMe the first member to our Patron Club. Innowa Films Lld from Wgton have becom? uur fIt patron and we hope to build and add to our eMr#hIp éuiing Ihe coming year. ROrI Pollcy The Board of TNstee3 annualty assesses the risks NDrth Allerdale Development Twst Lld could be exposed to and the appropriats level of r1V$S that we should malntsin as a re5uIL Flnanoal uncert8intie8 rernaln wlth th& costs of living ¢risi3 and increased Inflatic.. howewr. our ujrrentforecasts predict that we wlll maintain an acceptab target of a minbrnum of three month8 In our resèrw account. As of October 2023, ourtraè r8sorves We £31,168. Pago 2
North Allerdale Developmont Trust Llmlted Trustees. Rgport for the Yèar End•d 31 October 2023 TTalnlng Th8 TtU5t continues lo invest in staff by inwsing their skllis, and funding training lo help make the charity rnore 8Ustsin8ble. Durfng th55 period th member8 of staff have undertak?n a Cerbficale of Youthwork train5ng fundgd through iho'BetterTomorrows' programme. ACHIEVEMENT ANO PERFORMANCE Wiqton Mark•t Hall This finanrial year 58w 8 return to a more 9table opeTrting enwronrnen( hNever high inllation and environmentof Increas Costs remain. Th8 Mart(et Hall continued to prowde office spac lof a nurnb?r of key gerwic88 ¥¥6th1n the town IndJIng Cumbertand Council, Wigton Tcvm Council and Cumbrf8 Constabltlary. Services from th? building during this peri¢ included flu vaccinations, counselling services and diabetes SUFPOrt grgUPS. Booking8 tsl thg Market Hall continu to rise with large trainirrfJ groups taking multiple rooms. As this trend continues IÉ has a posttiv¢ knod(•On eff1 for Sales lor the Café and expect this trend to continue. A number of now evening cla58e¥ wertt successfvlly launched. induding Art afyj Yoga, adding Its Ih& oxistsrwJ communrty acttw"tr'es available. Sprin9 saw the retum of Taste of Wigton to the town and M¢6 again we werg hgst to the children's 8Ctivfiles and also hosted a CorHedy ntght as part of the event. The history exhibition held in August was a huge $uC$S ttracting over 2,000 wsltors Bnd this year saw the return of a numbgr of events from livè musicto our Clairvoyant ev•ning which w85 11 8ttènded and 8 very succesgfrjl event Christmas ariivad with an arnozing Santa's Grotto and an ic8 dnk in the Market Hall which wa5 very well supported by local famili8S. Youth S•rvlc Thg youth tsam continug to be very busy on both their uniwrsal and tar9eted S1$ working wilhin tho l¢x8l community, with sehools, other oducational provisions and ststutory and non.statutory seNcos involved with thildn and young pwle, expertly d8velopirKJ and delivwing 8 rango ofyouth PTQJT8rnme$. The Early Intervention Programm• IEIPI continues to respwd to 0 hh3h level of dernand expandlng our o)verago over lh8 CumtrErfand area And ihe programme was again ncfninated for a Golden Apple Award. EIP $0 extended its programmgs a5 fuThJing was Steured lo promde plaMentS for rèlugèo young peopb frryn th¢ 8re8. The T85te of Curnbda event came b8¢k to INigton at %thich EIP took • stall. successfijlly selling th¢ upcydeJ fumtture that had been rnadg by the young FeoFA& Our worf( placed prograrnmg Pitstop Cumbria welcomeil refThls frDm several new schools and education31 facilits"es, enabling many partidpants to condude their school ¢8r5 with a thar pa¢hway inlg •mploymeTh( ning orfurthgr education. The 1•8m provided the youth seNce3 for Prid8 by th• HaOUr$', the first Pride event held in Whitehaven. tsam found this a very p0sve experienc8 and look foTh¥ard to beSng inVod again next y&ar. Summer S¢ssion$ were again delivered by the You1h Tèam in Wigton and Silloth fvnded through the HAF Programrne providing wY activities and healthy lood options mr tho hok'day period cumulating wem attend8d community fvn day in Wigton. Our rural outreach proiBions in Sillolh. I(bride, Westhewton aThl Wigton continued lo promde invaluable a5$ to youth work PruS1On in our community 8nd al ragularfy attended. supporbng 293 yfAJng per)18 during th15 period. A new Ond exubng Inltiative for us 11x8 year h85 been the 4 0'clod( Club. Thls provld8d a wami, safe enlrOnM8ntf0I young people to sori81iso. do theirhcfflework and chill out enjoyiry 8 hot meal. This proved to be a grèat stepplng stone for some of our priry groyp psrticipants. Page 3
North Allerdal8 D8v8lopmont Trust Llmitod Tru3tee5' Report for Ihe Year Ended 31 October 2023 l&)vlng FornYaYd AS we enter the next fin8ncial year, we are cpb'mislic that actiMty wlhin Wigton Market H811 wiN continue lo Increase. Our ambibon is to d8vel¢)p buslness and activlty for th8 Market Hall lch wll atso Inueasa th9 tr4dg In our Café and build on our events offerings. As the Youth Ses continue to support our young people, our hope Is that we cn develop our EIP and Pitstop programm&s ffiJrlh8r. Wè would a150 likè to increase thè numbèr of compan1è5 that we havé suppOrng our Patron Club and devetop our connections to local business&%further. STRUCYURE. GOVERNANCE AND MANAGEMENT 8oJryl Structurg Our kgstandIng Tnth and ChaiThan tid from the board and, as a thank you for all his hafd work and saMc8 to NADT ovwmany y8ars, th• tsam and trustoas att•nd•d a r8tir8ment evening. Our Company Souétary a130 rebred during thi5 period after rnany year¥ of ijedicatsd 5ervi(x lo our organisation. We hm tsvo new trust¢¥sto the Board durtng tri$ year. AGM Our AGM Saw 8 gatherÉng of inwt8d gu08ts and dignitartes vtho ènloyad 8 presentation from the yOLrth tsam and life changing testimonials trorn our previous partycipants. It was a very successfijl evaning of cdebration Mthich highlightd thè t8mg' achlavamants over the prevlous year. Gov•mlng l)ocurn•nt Trusts9• NADT 1$ 8 ccnpany limitsd ty guarantee and Is governed by rts memorandum and articles of a850C4alion. TTUStee5 ?re appointed by ordinary resokntion. or al the annual general meeting il nominated by an existing tnjstee. If appointment is made at the annual gener81 megting, noti rnust b• giv8n to th• charity of th• proprA#ed appointmÈnt Trustees are inducted to the organisallon through o proces8 of support from both existing board Members and the Chief Executive OffKer. If a trustse tsk?5 on re$pon5ibility for a sp•cialist area of support to the organisation the extemd traininglinformation is soughL Tnjstees on the NADT Board have the specialist Tespon8ibili¢ies ¢Y1n¥d below.. Denise Phlllips, Chalr- Liaison all areas and svpportlo the Chiel Execubve Offic¢r Diane Walker, Dlrectorrrreasurer- Financa Mal¢olrn Wllson. Dlrector- Lialsc all areas Dav#J Horton, Dirtt¢tor- Flnan Jaqueline Robln8on. Crfredorlccmpany Secretary- alSon all aroa¥ Ajan Pitcher- Director- Lt818on Èl areas On-going training for Ihe Bo3rd to Increase their relevBnt knOe¢e 3nd $kill$ tskes pl8ce As the need is Idenbd. Th? tharfty has tr8thng strjsidiary, So¥Y Plain Futures limited. which was ÈncA)rporatÈd on 25th Saptember 2009. The tharity h88 ktentifred the major risks to which Oi 18 9xp0¥ and has implemented suitable sy&t•n$ and prOdureS to Manethos• rlsks. The Board wdl continue to IrKJk at the recwtrnent offt1rtrtrngt•è$ to increa3e its c8pacTty. Pap4
North Allerdalfr Development Trust Llmitod Tru$t888' R•port for the Y•ar Ended 31 Oclobgr 2023 G0man¢ NADTS board To]? 18 to act as the TTU¥t'¥ goveming body. Its princi)81 ts8k$ arn to 8et strateglc direction and policy. to ensure delivery ol the Trusys objects and to uphold Ihg Trusts value5. 11 is the leq81 entity Ihat is ullimatdy responsible for ev•rything that lh8 Tnjst does, and it is oceountable lor the organisalion'8 finanoal regularity and all other aspects of proprfety. ¥ legal body, r( does not get Involved in d4y-tLHlay operational tSSU8s, but as ? Small Trust ltwl often be the case thatthe board doals with some very"ground-floorf aetivty. Th8 ro forproviding strategic reader¥h and p1 development r•¥ts thIh0 board. Thè Board has put in Pla a support thidure to ensure: Thg TN5t op8rat05 propgdy on a day-towday bas19 Thg Tw5t operdtes efficyanlly and effecbvety Tw$t staff Are led and ¥upport•d in a de8r8nd gffecllve m8rwt Th8 correct detail of Infom)8tion is prowded to the board by NADT staff A mechanism 1$ creatsd for stakeholdgrinvolvementand feedbat Overvlew of th• support ¥tructu The slructum as falls into tsvo categc4ies'. Chief Exeojtsve Officer and staff Prcyect steering groups Chief Executive Officer and staff rèmlt The Trust board delegates day-trday rnarogement and owAtKJn of the Tw$tto its Chief ExeculN¢ Officer. and, through that post, to the staff. Tcgothgr. tho Chief Exeujtive OffirRr and other staff delIr against the Twsf3 agreed business plan and annual taryets and manAge every aspect ofthe Trust In Ilne wth best practice. Staff are ullim#t¢ly accountsb to the Trust board. through the Ch1 Ex9¢uu Officer, arld report to th8 board C a re9ul8r bass. Staflwll also PrOde infomiation. advice and 9dncetO the board 88 required. Pmjecisteering Groups remf( As wh¢n projects or spec4al STtualions require. as SUrnUpIcQrnMrtteO of the Trust m8y be 3et-up to act a$ g 3tsering group. The power to set up a 8ubrfommlttee And d8legats powers to it¥xi$ts In Arbc4e 38(1FI41 a5 follows.. 38 (IJ The TnLflees may dolegate any off thgirpoweTr or Ivndions to a commi9 of fwo or moro Twstees but lerrns of enydelegalion mustbe rnwrded In tl)e minute bc)k. {2) Tl)e Twstees may impcw conditions when rJelegah"ng. includingthe conditsons Ih8t.' - thè ml•VèntporS are to be exercised exdusivelyby the committee to whom Ihgy Glglegate.. - no gxpanL4rture may be incuffed on b&haifoftho Chthty exeepl acGordanGe wth a budg8lprnviouty agreed wth the Trustees. f3) The TrusÈg8smgy rovokè oratsera delegation. f4) Al aols andproceedings of 8ny¢ommJttègs musl be fully andwompdy rpportedto Ihe Truste. Page S
North Allerdale Development Trust Limited Trust•o8' Report for tho Year Endod 31 October 2023 The remit ofany st88ring grouplcommtttaa iicludèsthé dÈ#r InstOnt0.. Develop 8 projgct idea and prn1 it to the TrLtst bD8rd for Consideration and 8greement. In doing 80 it must idèntifya dearfijnding slratsgy. wththe SuOrt ofTrust stsff. plan aTrJ agree projed a£tiMty in line bwth Trust objectives. Mwitorthe acfmty and perforrnance oflhe proied and Frf0e support for its continued d&liwry. Rewt all aLthty to the Trust board. Styuelurè Trust steering groups are chaired by a Trustee and Include at lèast 2 TNst•es. As appropiiate. extemal advisors and stskeholdet3 Can be asked to join the group if Mcèssary. Th? grwp vil report rggularly lo the TfU$tbooTd tsn its performano. Stsk•holderlnvolvom•nt & Ganernl M•mbanhlp At present il is asBumed that only the lginal subscribers to the mernorandurn and trustees wh) have jc4n since then, ore members of the Trust. The TnTrst board aCknoedgeS Ihat it needs to widen its memtership #i Arbdes 2 & 3 as reproduc b81iJw".- 2 {1) The to the memordndum the firslmenTrbetts of the Chaiyly. (2) M8mb8r5hip Is opèn to othèrindiknduals Or0rganatihS who.. - 8re Twslges whg have bggn appoint8dffn acwr(JanGg bvrfh 8rtrc18 26 - applylo the Ch8nly in the fom re¢wired bythe TnKlees," and - are approvedby the Trustees. (3) (a) The Twstees may only refuse an application for membership rf. &Gttng reasonably and propety, they consid9ritto bè in th9 bostpnt8r9Sts of Ihg Chwity to mfuse th• application. (b) Th8 Trust mrjst inlonp) th8 applicant in writKw olth& raasons forthe rgfus81 wllhin hventywone d8ys of Ihe decision.(c) The Twstees must considgroFJy wrttten pIEs81lios Ihe appliceftl m£y m&ke aboul the declsion. Thg Trust&&s' decision following any tten rnpresen18tions Jnusl noffied lfj the applio?nt in writing but shall be fin81. (4) MembeTrp not transf8r8blè ttt &nYo 81$$. (5) The Tw3tee8 mustkegp a rggistsrofnttmss artd adasse$01the members. 3 (t) Every membgr upon admlsslon sh&H b8 11¢6 to one ol the foNowing categoiies of rnembersh at the 8b$olule dls¢mbon of the Tn18&s.. (aj U$8r shall be m&mb8rs who ar8 organ8$ which use th8 f81111•$ pmWd8d by th8 charity.(b} Community M8mbers shèll be members either who INe or wort in the communily of b8nefit or arg orgonisatlons that me•t8nyof the Charits'es obj8cts as sèt outln thè Irfomornndvm olASs0?1M. (2) The Twst8•s may el any time 8mend A m8mtJ&fs catègory of membership in th8 8venl of a chknge dreumstances andshall nolifythe memberin qu88tion oflhglrdecislon within fourteen days of so doing. Thè Trust continues to seek to establish wdgr stskohL)Id6r angagement at variouB levels, p8rticul8rfy throu engagementwlh and p8.p"0n local communty lorums. Pag• 6
North Allerdalg Dovelopm•nt Trust Llmtt•d Trustee5' R8port for tho Year Ended 31 October 2023 Srnall cornpany provlglono This réport has bè&n Prepared in accotdanee with the 8m811 companie3 Tegime under the Comp8nle$Act 2006. Approved by the Board on 24 June 2024 and signed on its behalf ty. O S Waker Tnjstee Page 7
North All•rdale D•y0pMent Trust Limited Trustees, Rosponsibtlities In relatlon to the Flnanclal Statom8nts The Irusts8s {whD are Blso directors of Nwth 18rd#1• D8v8loprn8nt TrtJ8t Limit8d for the purpos88 of Ix)rnP8ny lawl are responsible for preparing the Trustees. Annual Report and the financial statements in arLOrdan with applicabl8 law and the Fin8nual Ropofbng Standard 102 - The Flnancial Reporting Standard appllcable Sn the UK ond Republi¢ of Ir¥l4nd'. Company law requires the trustees to prepare finanrAal statements for each financia5 year which give a true aTr falr trlgw of ihe stats of affairs of th8 tharitabl8 CL¢npany and of the incomlng resources and appIcat5C of resources, induding incorne and expenditure, of the tharit¥blg ¢ompany for that p•riod. In pparg Iho$0 arrial statements, the trustees are required to.. s818ct suitable accountlng polla8s and th&n appty them consislentty.. observe thè methods and principl•s in the Charthes SORP; rnake judgern8nts and e51imat8s that ar• reasonable and pwdent,. stsle whethJr applicabl8 UK accDunting standards have been foilcwed. sutr4.ect to any rn8teri81 departures disclosed and explalned In the financial ¥tst¢m$nts.' and preparo the finanrial stat8mertts on thtr orAng Concèrn basls unless it is Inappropriate to presume Ihat the charitable companywll continue in business. Th• trust 8r• iesponsible for kwng pr4r accounting Tec¢rdg that di9dose aSOnable arary at any tim? thg financial P05Ltitsn of the charitabte company and enabl8 them to ensure thatthe financial staternents c4)mpty with the Cornpanles Act 20C6. They are 3150 responsible for sauardIng the assets of the charitable company and h8nce for taking reasonable steF15 for Ihg prevention and d•t•ctSon of fraud and other irregularitse Pag¥ e
Indepgndent Examlnerfs Report to the TruBt88s of North Allerdale Development Tru8t Llmft I rèport on th8 accounts ofthe ccffjpany for thè year eThJed 31 October 2023, whith or¥ set oui on p8g8s 10 to 29. Ro$pocllv• r8sponslbllltS9• of tnwtso• and examingr The tfustees (who are also the dyectgrs uf the companyfor U)e purposes of eompany lawl arg sponsible ft)rlh? prepaiation of the accounts. The trust8¢$ eonslder that an audit is It required for this year under Section 144{2} of thè Charities Act 2011 Ith8 2011 Act) and that an Independent?x8mination is nee<led. Th? tharity's yross income èxeaeded £250,OCrfJ and l am qualified to undertake th? gx•min•tion by b¢ing qualSfied member ofthe Institute of Chartered Accolmtsnts In EryJland and Wale HaMng ¥atisfiod myself that tharty is not subject to audit under Part 16 of the Ccffnpani9s Act 2008 and 1$ elgible for indeFendent examination, it is my responsibih'tyto: examin8 the accounts ¥JTrJer sectypn 145 ofthe 2011 follow the prwedures laid down in the Genoral D¥eclions giV9n by the Charrty Commission under seth.on 145151 Ibl of the 2011 Act". and $t8te whether parbcular mAtters have corne to my attention. Ba$1• oe IniJepend•nt •xamln•rfs r•port My examination wa5 carri out in accotdane• w5th the General Dbiethons given by thè Chaiity Commi8sitsn. An examination includes a revi ol the aounting r¢eords kept by the tharty &nd a cornparf$on of the accounts PfvSented those re¢ords.11 also indudes consid8rats.on of ary unusu81 items or disclo8ur¢¥ irn the a¢uts, and seeking explanats.ons from yotr as trustees concming ary such matters. The procedures undertaken do not provpJe all th¢ ewdenc• that would b? roqUid in an audil and consequentty no opinion Is given as to wh$th accounts pent a 'tru& and f•'r 8vI 8Th1 th& r9p¢x¢ Is limbted lo Ihos& matters set out In the statement below. Independent•xamln•rf• •tatsm¢nt In conne¢tson wrth my examlnation, no matt¢r ha$ come to my allèn110n.' {11 vthlch gives me reasonable cause to belevelhat in any materkit respect Ih? raqulrements.. to kaep accounting Aeords In 8ccordancewilh sedon 386 ofthe Crynpanl8s Act 20C6'. and to prepare accounts vthich accord with th? accounting cJTd8, comply with the accounbng quirements of8e¢tion 396 of1he Companie5 Act 2006 and wth the method5 and principles of the Ststerngnt of Reconlnended Practice.. Accounting and R8ports"n9 by Charitse8 have not been rnet,. or 121 lo whith, In my opinion, attentipn Should be t8wn in ordèr to enable a prorAr understonding of th 8ccountsto b• reached. FIFTEEN Rosehill Montgomery Way Rosehill Est*e CARUSLE CA12RW nson FCA d & Co Limrted hartered Accountsnts 24 Jun8 2024 Poge 9
North Allerdale Development Trust Limitsd Statement of Flnanclal ActlvltS•s {Includlng Income and Expenditure Account) for the Year Ended 31 October 2023 Unrestrithd R•stricted Endowment Totsl Funds Totsl Fund• Funds Funds Funds 2023 2022 Not• Incomg and endoTr•nts from., Don8bons and legaries othartrading adfvities Investments ritsbla actti Totsl income and endoYnents 14,474 823 $81 147.715 163.573 129.855 144,129 823 $81 148,877 294.390 126,064 792 38 153,286 280.180 1,182 130,817 Expondlturo on: Charitablè act71188 Tot81 expenditure 172,978 172,976 121,430 121,430 13.380 13,360 307.768 307.766 280.460 280.460 Nol ¢xFendNvrg 10T8 transf8r8 IQ,403) 113.3601 113,3761 1280) Transleys Transfers beMY&n fiJnd8 1gJ21 Net movements in fvnd8 8.$01) 8.485 113,360) 113,3761 12801 RoconcllE41Son of fund8 Total fund$ brougm foNMrd Total fund$ ¢arrieil fOard 45,352 36,851 37,OS4 45,579 1.499.956 1,582,402 1,582.682 1.486,596 1.569.028 1.582.402 AJI oftht Charitys aetiwbos d•rive from continuing op8ration$durin9 the above peri&J The notes on p#9 12 to 29 foM an integral part ofth6s8 finandol statement& Page 10
North Allfrrdalg Dovolopmont Trust Llmlted Company reglstration number. 06725932 Balance Sh88t as at 31 Octobor 2023 2023 2022 Note Flxed a?¥gts Tangible assets Invo$lment8 1,492,179 100 1,492,279 1.505.241 12 1.505.341 Current 8g•ets Debtor5 Cash 81 bank and in hand 13 31.S24 10.498 67.003 e3,501 84.528 Credltor8: Amounts falllng due vAthln on• year 14 (7,7811 {6.4401 Net current #ets 76,747 77.061 Not a•¥ots 1.$89,026 1,582,402 Th• fund8 of th• eharlty: Endowm¢ntfund8 1,486,596 1.499,9 Re8trfctsd fund• 45.579 37.094 Vnre¥trleted fund• Unr¢slricte(J IncMe fvnds 38.851 45,352 Total ch•rlty fund• Forthe fjnancial year ended 31 Oclctj 2023. the ch?rity was entitled lo exemplwJn from audit underSeCti 477 olthe Companias Act 2006. 1.9,026 1.582,402 The members hav8 not r8quired the crity to obtain an audit ol its a¢¢ounts for thtr ytr8r In quasuon in accordanc&with sedion 476 ofthe ACL The directors acknowledg? their r¢¥p¢nsibiUties for ccfflplyirvj *ith Ihu requiremerbts of th• Art wlth respect to accounting records and the preparall¢n of accounts. These aecounts hgve been pyepared in 8¢xordance with the prow81$ 8pplIcab to rMpanIeS 8uLltr¢t lo th8 small companies fgglme. proved by the Board on 24 June 2024 aThl on its behawty. D S Walkèr Twstse The not8¥ on pages 12 to 29 fonn an integral part ofthese fineda1 8latsments. Pa9e 11
North Allerdale Development Trust Limitsd Nota8 to the Financial Statsments for the Y•av Ended 31 OCtor 2023 Accounting poll¢lo• Summary of ¥ignlfieantaccountlng pollcle• and key accountlng estimatos The prinrip818ccounting policies applied in th• preparati¢)n of Ihese financial stalernents are set out below. These polici h#vg besn ¢on$i$lenlty appfied to all the years presentsd. unless OtheIse stated. 8tatgrnont of compli#ne• The finanal ststsmènts ha been prepared in accordan vAlh Accounting and Reporting by Charities". Statement of Recomrnended Practitè 8ppllcablè to chariti.as praparing their accounts in ac¢ordanc8with the Finanual Reporting StandaTd applicable in the UK and Republlc tsf Ireland IFRS 1021 (effective 1 January 2019}- {Chaitti"ès SORP IFRS 10211. the Financial porn9 $18ndord •ppli¢ablè In the UK grrtl Republicof Ireland IFRS 1021 and thè Companiès Act 2DJS. Ba818 ol prnparatlon The tharilable tompany meets the definluon of a publlc benefft entity undor FRS 102. Assèts and Ilabllkn"8S arn inrfally recognised al historical cost or tr10ft value unless otherwi3e Stated In thè relev8nl 8¢cJ)unb"ng policy notes. Golng concern Thasg financial statement5 b8en waparnd on a going concem basis. trusteès assess whelher the use of gcAng cDnc8m is •pproale i.e. whether there ar6 any material uncertaintiès rèlat*d to events or ¢ondltions that may casl 5ignific4nt deubt on tha ability of the Charity lo Conve ¥s ¥ golng nceM. The trustees make thi3 89sessm?ntin rgsp8Ct of 8 period ofone year trorn the date of approv81 ol thè financial staiements. Fund accounting polley Unrestrictad Income lunds are general fvnd8 that are available f use at the trustee8' drdcrgtion in furthafanc8 ofthe objectives ofthe ¢harity. Restridéd Income funds are th05tr donatsd usg in a partilaT area or for speufic purpos8s. th8 of which is triCied to IhatareB or purpose. The endownent fund represents the value of the M8rket Hall whlch was gffted lo the tharity undar a lo Iwe in 2010. DepTecialion is bgillg charg•d to the fuNI 80 as lo wnts ol tho value of the fund 125 r temi of the lease. Futh¢r details of each fvnd are di¥dos•d In note 18. Page 12
North Allordale Devolopment Trust Umited Not85 to the Financlal Stal•ments for the Year Ended 31 OGlober 2023 ¢(4n8 •nd •ndohinwrt# DMation$ are reCgnISed when the Charity has been notified in writing of both the amount and 8etUernent date. In th? event thal a donation is subject to ¢gnditions that require a level of perfoan by the Charity belwe the Charity is entillgd io the tsjnds, the Income is def8rréd and not COgniSed until efthèr those conditions are lulty met, OT the fulfilment of th039 nd0Th$ is wholly wthin the control of the Charlty and rt 1$ proba6 that thess ¢ondltionsvll bg fulfilled in the répOng period. Lega¢y grfts are gnIS0d on a casts by case bas18 loltowiThJ the grant of prc4)at6 the administorlexewtor for the estalg has communicated irb writg both tht amount and settkmentdate. In the eventthatthe gift is in thè form of an asset otherthan ca8èL gr a finanaal asset trad on a recognised stod( exchan9e, recognition is subj8Ct to the value of the gift being reliably maasured 8 degree of re8stsnable accuracy and the tiue to the asset having been tran8ferTed to the Charity. Income from Govemment and other giants, whether'capltal, grants or'rev8nue' granlg, is rncognisad whtrn the charity has entiuernont to thB funds, any pèrfomiance condrtions attached to the grants have boen me( il Is probable that the income will be Tecew8d and the amount w be measured reliably and is not defed. Gifts in kind ore recognis¢d In dlfferentways dgpendent on how th•y ar8 used by thtr d)anty'. {11 Those donat8d for resale pru¢¢ incoma when are sold. They ore valued at the amount 8¢tually alised. (ill Thosè donated for onward transmission to benefiuaries ore inrjuded In the statement of financial acb'wbes 88 incoTnlng re8ource3 and resources exp8nded wh8n they arg distributed. They ara valued at th8 amount thg tharitywoukl have had lo pay to acquire thèm. liiil Those donated for use by the Charity itseware includ&d re1¥able. Thgy are valued at thè amount thtr Charitywould have had to pay to acqvirèlhem. Wh8TeswViS or faal1ès are w07ded to the Charty as a donation thatwould normslly b& purch8¥ed frvm our 8uppll6rs, this benefft is induded in the ffinani41 $latementS at its fair value unle89 its fair value cannot be realiatty mèasured, then at $t10 the donor orth8 resale value ofthe goods that are lo t¢ sthl. Incoming w9ur$ frorn tsx reclalms are Induded in tho ¥tstthnent of fina81 gGfjvb8$ at thg sam• time 88 the gift to which thoy rolats. Inccm8 derived Irrffi wnts Is T8COgni¥ed as eamed (that IB. a¥ th¢ related goods or #erNit are provided). Investment Inrne i¥ cOgnIsed on a basis. Inccme from charitsblg 8Ctiwtses includ?¥ intome n$Sed a¥ •amed las the related goods or 8ervS¢*8 e provIdl under ntrart Expgndlturo Liabilibes aro recognlsed as soon 35 Ihers is a legal or constructive obligation comm1tng the tharity to the expenditure. Ml expendlture is accountsd lor on an accruals basis has been dassified under headings Ihat aggregate all costs r¢lat8d to Ihe category. Charitable expenditure comprisès those costs in¢urred by the chariiy In t delNery of its adivlty'es and 89rvic8s for its benefiaaries. It inclu4Jes both eosts that can bg allocated diredy to suth aCtieS and those Costs ofan indiract nature neces88ry to support them. Support ¢o•ts Support co8ts clude ¢8ntral fiJnction8 8nd havg been allocated to actlvity cost categoriès on a basis consistent wth the u38 of resourtes, for examplg, ¥llo¢adng property cDsts by ffloor areas, or per capita. staff costs by th& tkne spont and other eosts by their usag Page13
North Allerdale Development Trnst Umltod Notes to the Flhanclal Statements foi th8 Year Ended 31 October 2023 . ¢okTrtlnu$d Taxatlon Th8 Charfty is consljered to pass the test$ out in Paragr•ph 1 S*edulè e ofth& Flnance Act 2010 therefore it meets the definition of a charitable CA)mpany for UK corpor8tion tax purposes. Accordingly, the Charity is potentialty exempt from tsxation in respect of inlrne or capital gains received wthin categories ¢overed by Chapter 3 Part 11 ofthe Corwali¢n Tax A¢t 2010 or Secbon 256 of the T8x8tion of Chargeable Gains Act 1992, to the extentthat Buch income orgairks aro aFplied exdusivety tr charilablè purposes. Fixed a##èts Indiwdual fixed assets wsting £1(Q or rnore are INts8lly recorded al cost. Depreclatlon Depreciation 13 prOded on tsngibl8 fred 88sÈts so as tr& wrSt8 off cost or valualion. less any 9stimatgd residual value, overtheir eected usefijl econornic life a¥ follows". Plant and machinery 15% reduang balanca basis Motorvehides 25% reduong balan basis FLxtures, fitb.ngs and equlpment 15% reduang balance bast$ and 3 y8ars straight line b881$ Laasèhold other interests in land aThJ 125 years Strah1 line b8818 ar not dÈpr8d8lèd buildings InvMtmgnt• Fix•d assot Inwstrnents represent the nominal share value ofthe charity's wholly tswmd sthsidiary, Sohny Plain Futures Llmlled. Trad• Debtors Trad8 debtors are amounts due frorn cuslomèts for merd)8ndise sold or services perfom)ed in the orthn ¢OUTse ot bu51ness. Trade debtors are Tecognised initially at tha transaction prica. They are subsequently measured at amortised eost using the effeth've interest method, less provlsitsn for impaimient. A provision for th8 impairment of trade debtors 1$ establishgd when there Is objective evidence thal thg Charty wll not ab to collecl all amounts due OrdIng to the original temis of the Teceab1e$. Cash •nd Cash equlvalents Cash and cash eqUfvants compri39 c8sh on hand and call deposits, and other short-temi highty IlquSd Inwsbn8nts that are adIlY converbble lo a knovm amount of cash and are subjectto an insignificant risk of ¢h8nge in valuè. bllltl•s Trade credilors are obligations to pay for goods or semcas that have been aCqUid in the ordinary course of buslness from suppligrs. Accounts payab18 classified as cuJTent liaknlillos If Ihg Chty does not have an uncondrtional righ( at the end of th? reporting period. to defer settlement of the ryeditor for at least Ivg mwths aft•r the reporting date. 11 ther¢ 1$ an unconditional rtqht to defer setuerntnt for at lèast Ive monih5 afterthÈ rèporting date. they are presented 8$ nonkncurrent 118bilit. TTadg creditors are recognised initially at the tr8nsactlon pricz and Bubsequentty rneasu 01 amoitis cost using tho intsr•stmeth¢)d. Operating lèas Laases in which substsn¥ally all the risks and reward3 of ownershlp are retsined by the les50r are dasstfiwj 8$ operating leases. Rentsls poygbkn under operating le85ès arè charged in the Statement of Financial A(Xiviti85 on a straight line bosis overthe lease tenn. P8g• 14
North Allordalfr Development Trust Limited Motos to th8 Financlal Statements for the Year Endod 31 Oclober 2023 Pen5ion• The charity 0rat8$ a defined contrfbut.on p8nsion 5thsme. Contributions are charged in th8 5tstemenl of financial activities a¥ they bBcome payable in accordance wlth the njles ofthe schèma. Flnanciai Instrument• Fin8ndal assets and finand81 liabilities are regnISed when the tharlty becomes a paty to the contradual provlslon$ of th¢ In$trum8nL Financial liabililes and equity lStrUments ar¢ dassified acldIng to the substance of the contr¥¢tual arrangements entered into. An equity Instrufflent is any eontractthat evodenS o residual intgr95t in the assets of th• Charity after deducting all of rt3 li¥bilitiES. All finanrial aets and liabilitRs initoolly measured at trangaction price lincbjdlng trarksactim costs). expt those financial assets dassifigd as at fairvalue through profjt OT Ios5, vthich are initi81ty measuTed ¥t fair vthlue (which 15 normally the tr8nsacllon price exduding transaction costs), unl985 th• arrangernonl n$litut8s a finanong transaction. If an arfang¢rnent eonsl'tutes a fin¥neing transaction, the fin8nci81 asset or finana81 I'ability 18 measured 8t th8 present v*ug of Ihe future paym?nls diseounted at a rnarket rate of interestfor a sirnilar debt instrumenL Financial assots and liabililies ar• only offsel In the statement of finandal p0SOn when, and only when there ests a10gdly enforceable right lo set off the recyjgnised amounts and the Charity intends either to ¥etUe on 8 net basts, or to realise th8 883et and settle the liabilty simultsn8OU81y. Finandal assets are derecognlaèd when and only when a) the contractual rights to the cash flow5 from the finanrial 85setexpiro or are setued, bl tha Charty tr8n3f¢rs to another party sub¥tsntialty all ol Ihe risk8 and rewards of Ownership ol the financial asse( or cl the Charity. d•spite hawng rètsinèd some. but not 811, signffi¢antrisks and WardS of owner3hip, has translerr8d conlrd ofthe assetto anothgr ty. Financial liabilitie3 are der¢eognised onty when the oL4igwtion spe(xfi In th& contract is di3dLarg8d. ¢anGg11gd or expires. Page 15
North Allerdale Development Trust Umlted Not88 to the Flnanclal SLèments for the Year Endèd 31 Octobèr 2023 .. continued Donatlon# •nd1og•ci•# Unrèstiietod R#8tri¢ted Endowmtnt Tolal FuNd Totsl Fund Fund$ Funds Fund$ 2023 2022 Don•t10 Jnd 18gacles Appeèls and donations Gift tax reclaimed 14,424 so 14,474 431 14.855 50 14.gos 28,030 S,CQO 33.030 431 Allerdale Borough Counril CurnbrTa County Coun(yl HPIRC Coronawrvs SSP Cumbèrfand Ctsuncil Francis C Scoit Charitable Trust Curnbrta Youth Alliancè Curnbria Community Foundation National Lottery Comrnunty Fund- EIP C¢>op Local Comrnuiuty Fund The Nal'onal Herltsge Lottery Fund Garfield Weston Foundation 8,661 2.426 578 11.981 11.981 10.954 20.OC¥) 6.00) 47.482 10.9S4 20,000 S,[0 47.482 20.c(l 37.420 13,503 9,778 670 3,275 4,532 25,000 129.224 3,275 4,532 25.000 129.224 93.034 14.474 129,655 144.129 126.064 Of the donatlons And legacies and grants income in 2022, £12,608 relatsd Its unrnstrfct funds and £113.458 related to restricted fijnds. Ier trading activiti Unregtrfcted RtrIctsd Endovmi•nl Totsl Funds Totsl Fund8 Funds Funds Fund 2023 2022 Fundralslng events 823 23 792 l oftho tsthortrading adiwtes incomè In 2022 relat6d to unreslrictsd funds. Page 16
North Allordale Dovglopment Trust Umlted Note8 to the Flnanclal Statoments for the Y•ar Ended 31 October 2023 cOntU¢0 Imie•tmonts Unrestrlct•d Re8trfctgd Endont Total Fund• Totsl Fundi Funda Fund* Fund• 2033 2022 Interest reuoved 561 561 l of the Investsnonts In)rne in 2022 related to unr8Striitsd fuTrS Charftable activiu Unr•8tr1cled R•strlct•d Endowm•nt Totsl Funds Totsl Fundg Funds Fund¥ Funds 2023 2022 59.575 4,856 83.284 147.715 1.162 60,737 72.589 3.616 77,081 153,286 Roum hlre Retharge of utilities 83.284 148,877 1,162 Of the Ino)m& frorn charitalAe activ8$ in 2022, £152,216 related to unrestricted lund8 and £1.070 Telated to restricted fvnd#. Page 17
North Allerdal• D•v•lopmont Trust Llmlted Notes to the Financial Statements for the Year Ended 31 October 2023 .. ccnthuad Expendlture Qeneral ¢harltsbl• aetfvlttes Total 2023 Total 2022 Dlr•ct CO6ts ommunty events Purchases Mentoring and teaching materials Employment cos18 Rates and watsr Room hire Light, heal 8nd p Insurance Rèpalrs and Mn•wals Telephon& and fax Computer sofNvarÈ and m*lntènancts costs Printing. postage and stationery Subscriptions Prfzes Sundry expenses Cleaning Tr8v61 and subsisten Advertising Depreoation ol l¢Jng laas•hold propeity Deprecialion ol plant and mathinery Dèprèclxtion of ffixturès and fittings DÈprèdalton ofoffieè 8quipm8nt 2.S34 5,074 7.705 199.393 4,915 10.225 18,178 7,285 8,315 1.336 4.656 1,373 351 15.115 1,010 5.074 7.705 199.393 4,gfjs 10.225 18.178 7.28S 8,315 1.336 4,es8 1.373 351 15.11S 1.010 1.436 1.605 291 13,360 1,453 4.000 179.507 &935 10.000 18,189 7.3n 11,557 1.120 4.389 711 342 15.070 1.002 1,631 1,225 1,605 291 13,360 13,360 341 292 305,036 341 292 305,0 401 278.037 support co¥ts Accountsnw f5 Independent eXine$ fee Bank charges 1.931 1,931 1.680 620 123 1423 149 2,730 149 2,730 307,76 307.768 280,460 Of thè in 2022, £171,091 rdated to unStrid $, £g6.009 related to restricted ndS and £13.380 related to endowrngnt tunds. Page18
North Allerdale Devolopment Trust Limlted Notes to tho Flnanclal Statemants for tho Year Ended 31 October 2023 continued Govemanc¥ cMts 2023 2022 Accountsncy fees In¢end•t examin8rfs fee 1.931 650 2,581 1.660 620 2.300 Tru¥tsa' remuneration •nd expenii• During the yr no iwstees wero raimbursed fvreost5 incurred In reialion to their rolg a8 truste&. No trusiee has recaved any remuneratv)n from the charity during th8 period. N•t ?xpenditur• Nete>¥JendiLure 1$ ststed after chawging.. 2023 2022 Depreciation of tsngible fixed assets Indep8ndent examlnels Temuneratlon 14,241 2,581 14,245 2.300 10 Employ•••' r•mun•ration The monthly average number ol pw¥ons Onduding senior management) employ8d by the tharity durlng the ar whs as folbws". 2023 No. 2022 chart1kn actlwlles 14 13 The aggroJal¢ payroll costs olthese per50n8w¢r8 88 folows.. 2023 2022 Wages 8rKI salaries Employe¥s' nation81 insurance Other pen5i0n costs 190,427 5.404 3.330 199.161 172,749 4.675 1.729 179,153 No *moYee ree8ived ernoluments of more than £eo.000 durlng th• year. key management per50nnal rnprise the Tru81eès. Th8 total empY btrnefits of the koy management personnel of the Charity were £nil12022- £nil). Page 19
North Allgrdale Devglopmgnt Trust Limited Notes to the Flnanclal Statements for the Year Ended 31 October 2023 ccthnued 11 Tangible fixèd a08ets Long lea#•hold
nd othor
Interests In land Plant and and bulldlngs machin•ry Flxtures, Ilttlngs and èqulpm•nt Totsl Cost As at 1 November 2022 Additions As at 31 October 2023 1.675,833 11.135 33.542 1,178 34,720 1.720.510 1,178 1,721,688 1,675.833 11.1 Depr•¢lotlon As at 1 Novernber 2022 Charg¢ ftsrthtr y¢or As at 31 October 2023 175,877 13,360 189,237 9,476 248 9,724 29,915 633 30.548 215,268 14,241 229,509 N•t book valu• AS 8131 Oclobor 2023 As at31 October 2022 1.486.596 1.4gg,958 1,411 1.659 4,172 3,627 1,492,179 1,505,242 P39è 20
North Allerdale Development Trust Umited Not8s to the Financial Statements for the Y8•r Ended 31 Octobor 2023 12 Invo•tments hgld as flxed as19ts Inve•tments in group and a0¢1ted undertakln arket valu• As at 1 N¢Mmber 2022 and 31 October 2023 1CQ Not book value As at 31 October 2023 As al 31 O¢tober 2022 1C 100 l u)v•sbnent assets held in tho UK The tharity holds more than 20% ofthe Bhare c8pltal ofth8 following ¢ompany.' County ¢f Ineorporatlon Prlncipal a1VIty Cla S¥bsidlary undertaklng¥ SuaY Plain Futures Llmlted EryJl8n Rent4 of fadifo05 Ordinary 1(Q Capital & rg8olV•• ProfiVllo8•1 for thg p•riod Subsldlary undgrtsklnys Solway Plain FUtuS Limited 1.817 13.582 13 D•btorn 2023 2022 Trad& debtors Amounts Irorn 3ubsldlary and assoaated undartakings Prepayments and accwed income 8,748 22,669 2,107 31,524 6,481 8.917 1.100 18,498 P8g• 21
North Allerdale Devglopmènt Tntst Umlted Notes to the Flnancl81 Slatements for tho Year Endod 31 October 2023 .. continued 14 Cr•dltors: Amounts falllng due wthin one year 2023 2022 Trade creditor Taxation and sod818•¢urity Other ¢xeditors Ac¢xuals deferred income 1.529 2.118 354 1,865 644 3.392 7,781 6,440 15 Memborn. liabillty The eharfty is 8 privats MpanY lirniled by guarantee and consequently does not have Sho capital. Each ofthe members is liable to ¢ontn"bute an amount not exeding £10 towards th8 assets of th& charity in the event of liquidatio 16 Pènslon *cheme D•fin•d ¢ontvlbullon pen•lon sehgm• The charity operates a defined cOn1)ution pension $¢heme. Thg pension cost charge for lh8 pèrlod reprttsents Contributions payabl8 by the tharity to the scheme and amDunted to £3,33012022- £1,729). Contiibutions totalling £644 12022 - £3S41 re payabte to tho sch8m• al the end of the pÈrfod and 8r• included In credrtors. Page 22
North Allerdale Dgvèlopmgnt Tru$t Limltod Notes to th8 Flnanclal Statements for the Year Ended 31 October 2023 17 R•latsd parti•8 ontrolllng ondty The Chanty is controlled by th¢ trustees who are all dlrectors of the ¢tynp8ny. Reloted p3rtytran•a¢tlon¥ During the year the thprity purchased goods 8nd seMce¥ valu•d at £11,42712022 - £11,324) frorn 118 8ubsidi3ry. Sohvay Platn Fubjres Limited. At Ihe yearend a balance of £nil12022- £421 was out8tsnding. During the year the eharity sold good5 and services valued at £83,28412022- £77.0821 to ts subskliary. At the year trnd a balan of£6,06512022- £5,902) was ouislanding. At the year eTrJ there was an terCoMpanY balan¢tr of£24.03312022- £8.917). Page 23
North Allerdalo Dgvglopment Tt Limited Nol•s to tha Financlal Statements for the Yaai End8d 31 October 2023 continued q8 An# offund• At1 Novwnbgr 2022 Incomlng vuouKe8 Ro$ourcg$ expendod At31 OobOT 2023 TrnnaferB G•n•rnl Funds General fund E8rly Intervention Programrr Upcyde Eamed Funds Pitstop Cumbrfa 25,593 129.122 1120,185) 1,178 35.728 11,647 2.168 5.950 45.3S2 23.3BS 134,650) 11,611) 118,550) 1172,976) 12781 1Cb) 1,023 10,600 163.573 36,851 R88trlet•d Fund• Francis C Scott Charitable Trust Klrt(bride Outreach Cumbira County Councl National Lott8ry Comrnunity Fund Cumbria County Councl - NEET NADT Youth and Outreach Friday Nwht Project Allerdale Borough Counril- CSP Cumbria Youth Allian -COMF Wlliam LrywiheT Cmp Local Commun Fund Cumbria Communty Foundation Cumbria Communty Foundafjon- Better tomorrow Cumbria County Council Reftjgee Programme Cumbria County Council 4 0'Clod( Club Cumberfsnd Coundl- HAF Prograrnme The NalSonal HeritgJ8 Lottery Fund NADT Patron ¢b Garfield Weston Foundation 20,flJO 565 120,000) 1375) (358) 674 1,719 2.426 13491 (7,332) sg 159) 2.109 778 fj,000 1773) 16.S471 12861 1.828 2.017 13191 12671 9,258 11,902 (1,256) 111,902) 2,tsJO 37fj 3,275 13,651) 23,836 122,324) 1,512 23,646 114,S98) 9,048 9.856 15,875) 3,981 2,12S 12.1251 10.954 110,g541 4,532 250 14.2831 12501 249 25.Q)O 130.817 12,4491 {121,430) 22.SS1 45,579 37,094 (9021 Pag? 24
North Allgrdale Developmont Trust Umlt8d Notes to the Flnanclal Statemgnts for the Year Ended 31 October 2023 corthu&d P#manentEnd0b0nI Mtht Hal gnd0vMnt 1.499.956 (13,3801 1,486,SS6 1.582.402 294.39J 1307,7661 1,569,026 Page 25
North Allerdalg Dgvolopment Trust Limit Notes to the Financial Statomonts for the Year Ended 31 October 2023 .. conbnued Upcyde Earned Funds: Income eamed frun the sale ol fvmiture and small itom$ mad• In EIP th fvnds ed to purchase m8tsrf81s for the pr¢grgrnmg. E8Ay Int¢rventson Programme.. EIP is a largeled youth Ser offered to Schools & Organis8 on$. EIP runs term me and 0rg primary & S8ry school pl8ments foryoung people to a'end who are strugglmg in fonnal educa on. There are 2 projects wilhin BP whith are EIP Upcydè and EIP Madia. InVc4e arn raised at the end ofeach 8 week Gyde. Pltstop Curnbria.. l¥ a work 8XP8ri8nc8 pi(yJrarnm8 offered to Schools & Oryanlsatlons 1 day a wee Supporbng youn9 Paople focusing on removing th• barriers that have been created or that currendy existto a person's educati¢, trainlnu, or ¢mplowrenL Invol¢as ar8 ralsed at the end of8ach 8 week cyd& Ffanris C Scott Charftsblo Tntst.. A 3 year grant of £60,000 btheen Nov214)d24 swjported part of I CEO Salary in the managerntrntand development of the Ytyjth Provision. National Lotttrry cornmu FuThJ'. An Awards for Al Lo'ery grant of£9,776 betsen Aug22-Ju123to wppJrt Salary costs ofthe y(xth teAm In ddlvery ofyouth PTogramme5. Cumbria CC EIP PrimaTY. A 1 year grant ot £11.132 to support youth wother salaries supports'ry PTcgrammès whth prOd•S omotional aThJ sodal wellbeing and the fvrth&r dovglopmgnt ofo(K nèw Wwjt Wornbl88prolad. Kirkbride Outreath.. Funding for ts prtsmsfon tsf monthly outreath coyertng costs of matsriaLs. TO hwg and Sports coach. Cumbria County Coundl.. Funding for on addil'onal 20 sessional youth wgrker hours for 12 months. Cumbria Ctffimunty Foundation - Project Lead.. Ful1Thg tr salary costs to 8UFPOrt the role of the Project Leaderof EIP. Persimmon Homes Future5'. Fund9 to prwde tr8n5PDrt costs forour youThJ people attending summtr EIP. Curnbria County Council - NEET.. Funding to SUFfJQrt young péoplè not in education. ernployment or training. Amohl Clark EIP Matarfa19.' Fundlng for the baC rnateTials for runnlng th& EIP. NADT Youlh and Outreach.. Funds for xtfvrti&$ 8nd materials foryouth projects. Friday Night p@ect'. Delivery ofyouth Ser and provlsion ofan Outreach Project. lsrd818 BC- CSP.. West Cumlxia Cornrnunity Safety Pathershlp 1 yèars funding towards ICT eqviFffient & stsff hours delivering targeted and ryJtr8ach setvlces. Cumbria Youth Allianco - COMF.. Youlh Outreath Programme 1 year grant to sutport your peopl? vlho have irKreased VLJlnÈrability to poor mentsl wellbeing dLk to the COVID pandemi& Funding covers staff Salariès, materials and CADAS ¥essiori$. Willlarn Lother Donaoon to SUFPOrt the CEO salary in the management and delopment of NADT. Co-op Local Communmy Fund.. Funding 10 5UPPOrtthe Wigtonwombles Programm•. Cumlxia Communty FoundJtion.' Supp¢xting 40 hours Df youth wofKèrdirect delistry cos Cumbia Ccfflmunlty FOundatic- Better T¢morrw. Supporting th# trealon of 2 new youth worker POS Pag6 26
North Allerdale Devplopment Trust Llmitsd Notss to Ihe Flnancial Statements for the Year Ended 31 October 2023 . eonbnued Curnbria County CwncAI Refugee Pregramme.. Supporting 20 plac8monts on our Iprg8ted youth programmes fordispla¢ed young people. Cumbria County Council 4 O'clodt CILJb: Development of an oulreac* provision for 11-16 year olds in Wiglon. Cumberfand Coundl- HAF Prowammg: SumrnerAÉxtsvity Pmgrwnme in Wlgton & Silloth. The National H?iitage Lottery Fund= Project costs for the delivery of Wigton's Indu$lA81 Heritage ILo¢king bad( to move lorwardl exhiblbon. NADT Patron Club. 13 ? lundr8ising 5chem¢ open to Ioc81 buwne8se8 and InddualS to helo Suppcrt NADT'S tommuntyand youth programrnes. Garfield Weston F¢)undalon'. Supporting ¢or• costs of NADT Youth. Th8 Market Hall lund r8pTesentstho value ol the Mark¢t Hall less depredatlon to dats. Page 27
North Allerdale Development Trust Limited Notes to the Flnanclal Statements for the Year Ended 31 October 2023 ¢onthu8d Prlor p•rlod Atl 14ov•mb•r 2021 Ineomlng rn8ourceB R•sourc•s •xpondad At31 Oetobar 2022 Tr4nsfor8 0gn8ral FundB Gènèral Funds Earfy Interyention Programme Upcyd9 Eam8d Fund$ Pit3lop CumbTiO 28,638 21.542 1,499 115,425 40.185 1,094 8.950 165.654 1117,5801 ISO,0861 (4251 13,0001 1171,0911 1.110 26.693 11,641 2,188 5.950 46,352 49.879 1,110 Re•trlcted Funds Franc4s C Scoit Charilab Trust Kirftbride Outreach Cumblra County Counc41 Cumbria Community Foundation- Project Le8d Pèrsimmon Homes Futures National Lottéry Cc4nmunity Fund Cumbrla County Councal- NEET Amold Clark- EIP MaterialB Cumbria County Counol- EIP Primary NADT Youth and Outreach Fiiday Night Project Allerdale Borough Couftdl- csp Cumbria Youth Alliance- COMF Williarn Ltr•th¢r Cmp L0¢91 Comrnunity FuTrJ 20,000 200 2,426 120.0001 (2401 524 2.426 13.503 113.5031 11241 12,4441 124 9.776 7.332 618 15591 {1381 111.1321 {1.1771 {8,1711 12,9651 S9 138 11,132 2.416 4,735 870 6.000 4.6S1 2,109 (1,1101 31.420 25,000 670 114,526 122.1e41 113,0981 12941 {96,009) 11,902 376 37,094 19,687 11.1101 Perni•n•ntEndoment Market H811 dowment 1.513,316 113,3eoi 1,499,958 1,582,682 280.180 1280,460) 1,581402 P8g 2B
North Allordale Davelopmant Trust Limited Notes to the Flnanclal Statements for the Year Ended 31 Octobgr 2023 continu8d 19 Trangferg The transfers fmm Earfy IntsN8ntion Programme, Cumtqia County Council. NADT Youih and Outreach and Allerdale BC - CSP to G¢ni¥r81 fvnds represents lunds ussd lo pur¢h8set fix¢d assets. on th$ gs$ets were purchased the original restsiction on the fvnds was met and the fvnds were therefore transferred to unrestri¢Xed, in Thnè wlth th6 SORP. 20 N•t as•ots by lund Unre#trl¢ted Funds Restsleted Funds Endowmont Fund9 Tangible assets Investrnents Current assets C¥editors". Amounl$falling duewlhin one year Net assets 5.583 100 38,949 17,781) 36,851 1,486,596 45.579 45,579 1.486,596 Totsl Fund• 2023 Total Funds 2022 Tangible a&ryets Investrnents Current a¥8ets CreditOJ5'. Amounts fairing due withln onè ys¥r Nat assats 1.492.179 100 84.528 17.7811 1,569,02e 1.505,24f 100 83.S01 16.4401 1,5B2.402 Prlor pellod Unr•stslct•d R•$trf¢t•d Endowment Total Fund8 Total Fund• Fund¥ Fund? Fundg 2022 2021 Tangible assets Invoslmenls Current as9ets Creditors.. Amounts falling due wthin one year Net assets 5.285 100 46,407 16,4401 45,352 1.499.956 1.$05,241 10Q 83,501 (6.4401 1,582.402 1,518,376 100 90,328 126.1201 1,582.682 37,094 37,094 1,499,956 Pago 29