North Allerdale Development Trust Limited Annual Report and Financlal Statements 31 October 2025 Company reglstrntlon number. 06725932 Charity rnglstratlon numb•r: 1131992 dOdd&co
Tntee5 $poMbAleS in relalion to the staknxnts stat•lnt of fin¢1[ adivltse5 10 N¢)t8S to the finandal statem 11
Ch¥lty nam• 1131W2 Prfnclpa offt Church Str¥et WIGTON CA7 9A4 R•glst•r•d offic• The Market Hal c1rch Street V4IGTC G479 D Chr D S Walknw. Dq D M H(x1on I Wilson ACPitth J R Rob¥ JIAw(kn 15 SoFlerrtsr20251 CEO Accountant Dodd & Co tj FIFfEEN Rosehil Rosehill Eslatg CARUSLE CA12R4V PJè 1
TNst••s' Roport for tho Year Endod 31 Octobpr 202S ThE Ttea5 Ivrt are akn diredcfs fA Charity pPoSe5 01 lh8 Compan5 Act} hava t48a5ure 111 prasentlng Ihdr amual report tcJeth•r v/4h fin8nrAd statènwts of Nbrth Alerdate DevekymentTrust Lifflited INADTI forthe period ended 31 October 2025. The finanoal statemgnts have b88n prepared n acAxJrdance wth lh8 accounfjng pc4idos sot wt In the not8S to the a(Unts and Compty with Ihg C8 9ovemirfj tknJrnen( Ihe chare5 Act 2011 and Accounlirq Rewty¥J by charl.. Statement of ReLrnmended Praciice appll(able to Charits prepariFV tsir acg)unts in acCdarKe th& Financjal R•FuOrrfJ StarKlapd awlcabl• In tho UK and R8pubk of Irei8ThJ. OBJECTives AIID AGrivmES . To [e. c assist in the provOn of. faolrtw in the inlerests of wekn for re¢re8bon and other isure-twne acbwtse5 for indNiduals in North le[da are in due to youth. age. infjmNy, dwtslity, rin8nu81 hardshiD or soryal (xcWtar. ¥•ilh Ihe aim of thoir coThJlllons of I1. . To act as a for youThJ peopfe up to the y of 25 I1j in Curnb8rland by providing advits and assistanc•. and by org8Thsing ytsjramrnes of phyEK4, 8(kK8liond a1 other adl¥thes as a rnoan5 Of. 04¢Jvanciwy their lives and supp¢yting thwdevelopm o develcping their thus, rapabillies: o en8bling tsrn to pafbcyte in soaety 8$ iThJependrt m8lur• arxl Tr5PTh5ibkn irvJNthals. rea ol benefft vh) are in need by sOn ol youth, age. Trifimity or dtsthlity. wcial and economic ¢Arcumstanc&s. a VI to Invong th8ir(t)dltkms of lrfo. • To IsSt any charity in lh8 CumbrKt area airTr& Ind8 of wson5 under Ihe age of25 • To re8¥8 un8mpl¢)yrrent in Ihe Cwrthrfand rn in bg apkyoktste. induthng provpjirg a8S¢Stance lo find wloy In determlnlng the olwlty's actsvi iJrlry ts r. the Intslees ha% had regard to thB Charity Commlssion's gdartt put4lc benefiL
Tnts1#. RgpNt for tho Year Ended 31 octob 2025 FINANCIAL AND OPERATIONAL REVIEW Grnnts Cumbrla Crty cjnr • CbrI8 Ycrtrth • CurnLYla Ycth Partnetshlp Cumtila COMMty Fwrvja . CuTrt)ertaTrJ • Doknes Charitail8Twv5t . Francls C. Scott Charrtat4e TnMt • Rot4n Rwjg Comrrnmity FUTr . StreetGanM UK . Thrflty Throsu Th• Tnjst vrds Sed to 0>p ib Patr nefyvork yoar. WTth Dcrfjd & Co ALuuntants ICthi51e} In1j exisb.ng patrons. aorvjside the Chair. Dernse Pmlips, i(xnl a5 ITh1 patron. Tha Trust al to continue develoilng rts palyon membersh) in the frJture. R•S•r¥ Pollcy Th8 BOS of Tru5t885 annualy the with lo Ncth Ajlwdab t)8v8bpm8rt TAt Ltd may bo wlSt financial uncertainty COntinS as a let of Ihe aJ5t-014iviro cr5515 and Infialfjow prgssures. current casts in(Scale Ihat ihe Trust nmintain its target crf hrjding 8 mirrimum of thre8 monih5' reserves. As 8t Trnlnlng Th8 Trusl cmtlrm to inv88t in its staff by sUprti3 the develowient of d(Ills throu funded training. contributing to the long-tem) wstwnability ol (3th. TrdiniTrJ oppJrtunrti8S a150 made mIlab to ACTrIEVEMENT AND PERFORIAANCE During the y8ar. thè Trust has tXntsnu to focajs defNerir¥J 9hqUafrfy cOmmuty prowsh)n. 8UPPJrtirs yvuTrJ through both op¢¢e$S and strudured proJrarThne8. Thiy w(x ¥nablg9 th6 on Market H1 Communty ongagornenl has continued to d8v81op a raThJe of events. In partn015P with Wigton H8ritage Gruup, the Trtrt sup. the "Soffthffig Cld & Somthlng Newf exh1titn. w85 higNy su($$. This cdlaborstion contin$ ks ¢Jevelop. thh F4ar¢ trfurthar alIl0u5 projects in the ct¥nirJ year. An open day the Wlgton Comrnunty Tog8lher Art PropLI broLyht logetho* membets ol the community. local tsnesSeS and p8trons. Th• Taste w•3.8¥ent also attrac1 visitor5 Into th8 town. the Market Hall
North All•nlal• D•v•l¢Jwn•nt Trust Llmlt•d Trustees. Report for tho Year Ended 31 Q¢tob•r 2025 Ext8mal worts to lh• buik1irvJ tted durir¥J utlising a Hvjh Strgat syant &¥0}Ad by t ouncil to carry out e5senlial mainten8rKe (le¢)yative iwemerts. both uthersa arKJ t8rg8bJ w0b1s•. Achievements dumg the yvar inclL¥J8". A nLvnination at th8 Golden Appl8 AwJtls trx Best IrKlus5on Inilia Prnnary EIP r88thry the final of the Chknjnet Fikn CcMnpelits)n kn Ihè seC4N cons9h { ty att8rnativèeducatyonal provis lo do so) Wcrtibfrswlnrw 1he (kn Awa •t the BBC Raikn Cunti Make a I)Iff Awards New inrbatives contind to.rleNEknp SUcL1y. Tr Saliert)eck youlh gro is established as 8 chlkJr8n hav8 been 3wxessfiJNyeng•Jed in.EIP wcJramrr& Th9 TNst exp8rienced dvrirg the year kn rooithJ aTrl retYJ stsTr. Ihtr year conduded rmjsitivetywth a team. Moving Forward Thg Tnjstees remain grateful fDr aYrtWlU8d 5uppJI aTrJ CgXTvThtrwt by partnors, patrons and $uppcwt8rs. Tho Trust 8kns to furlh8r streww relationshirts ith hxal t1e$ aThJ eypaThY itg nets of SUPPL¥t. The of the Trusfs lo be the fxrfMirfies I seffts. &Jihling on the suceèsses ol the year..the TNst thks frThard to Is wojrammes to address Jrther 8$ of n98d across CuMa. STRUCTURE. GoVER14CE AND IAANAGEMEMT Board Strueturn buslnesses In Cunknia is èXPBctyJ a(kJikn kn thg Board. Annual Ggn•ral tIng {AGM) Annual Gerwal m88. wa5 held at ts Martet Hall and an OPFtviunty to ren8Gt on ihè Trusfs achVements and revw the work urvjertthn during lh8 year. It was 18 that over 1,( young p8ople h5 b88n support•d thmugh thè fntsys "' The AGM also prowded an oppxturmty for the Board to ITrk th8 NADT kn ftyr dedrabon and recognis8 G¢•v•rning DoGumont NADT i8 a I)ynpY limited by wwantee w¥J is gO¥d by ils MenlydVfft wrfl P4tides olAsgx4ation. Trustees 8re appjnted by ordinary yes0hth or at the Annud Ge1r MeelrvJ K nominated by an exisling trustee. Where app)inlmentsare m•Je atthe AGM. notice rr•Jsl be to tho canty in l¥aTh. Truslees are Inductsd thr a p(e$S SUFVCffted ty extsllng board rwmbers and tha Chief Execulwe Offlcor. Whorotrustees undertake respThtd"lths. Wtyte extemal tralnry Infomiatkjn a soughL
North Alhrdal• Develowmnt Trust Llmit•d Tn. Rgwt for th• Y•ar Endod 31 octo 2025 Tha twstees Dwi$¢ PNllps {ChJ- Llaiyjn all arnas SUPTxI lo ts Chi8f Exewbve Offic Dwe W•knr1Dd0fiTrasureT)- Fi[ Dad (EMI1C)._ Anar Pitthar IDlreclor)- L.n aryoss #ll #r•as Jcth GMMVJW IDtr8Ctor)- Liaiw across al arèas Owoing tralnkng is pir>vld8d to enwre truslegs MntsIn aKvcylate kn¢yAe(SJ8 charity has 5ubswJiary, ScKay F1ain Fulures MItt. iporth on 25 September 2009. The charity has Byentified th8 maNJr rfsks lo it is gy4osed WKI has inwlementod 8pF¥opriate sysierns and prDcedures to manage those wisks. The Board acts as th8 9)vemw¥J tty Ihe Tru5L N5 wimary Onsi11bes ore to set slr8tegic directlon and poliry. enswe d8lNery of Ih8TnJsfs obieth88. uplk rfs value& Tr Board k8 uttÉmatdyaccounlabb3 fDr ganisati.8 ffinand nern8rrt ar¥J 0¥811 goveman(x. wtre ne(%rydue to Iho size of the Lyganisatson. Opv8tSon81 Structurn Chhf ExKutl¥e Officer and Sl•ff Th8 BO8 ¢W8s resFX)nsitrlty for Ihe Man of the Trust trj the Ch[ The Chlef ExgCUtN8 Officer and staff a reskXA)&ble ddwing Ihe Tr$ tsIneSS FAan and annual targots, and for managirvJ Ih8 cyganisation in actorthco th be51 Fxactice. Slaff arg accgyjntabk lo the Bo8rd thwugh Proi•¢l 8trerlng Grnups Where apprDpriate, the Tnjsl may estalsh 9j1c0¥nII1a85 sl8erfrwJ kn aCconce wlth Artide 3811H41 of th8 go¥eming docJm& Such grwps are rgsp(Ktsible for. Mirffj arKI deliv3 athitles in Ine ith TnJ51oLIecb,. raportlThJ regukty lo the P. Eh 5t8oring grryjp is chaired by a Trustee and irKbJdes al knt Trust9. Extemal athisors and stskehdrs may bo inviled to '(•POtaT*1e apwoprth.
North All•rdale DevelopnwntTnMt Limited Trust•w' R•port for tho Ythw Ended 31 Oclob•r 2025 stakèhokler In¥oh•m•nt and IA•mbwsNp vo&r$h1P categorre5 indude: Tntst's objectives Thg Trust COnnO6 to thv•bp wKlèr sthohJer rffirfiojlwly IhrrA4h partIpa In loc (x)mrnunity lorum Srn•ll company provlslons by ts Board (m 13 4Jrfl 2r)26 and slgn8d its bth•¥ty. DSW& Trustèe
North Allerdah Dovolopmnt Tntyt Umited Tnte0$. Responslbllltl8s in r•lalion to the Financial Staipments wl are resp(1b for preparirMJ lh8 Trust, knual Rowt and Ihg ffinaal statements in aeccxdancg With applicabla law tho FinanrA81 Reww 102- The Finala1 Rep(xb"F¥J StsTrJard appIlble in the UK and Repuwic of Irrvr. CThThpany law requires the trustee5 to pry8 fmanad s1aiurts for each finamal year th.ch giv6 a truè and fa view ol th8 stato crf afrdif5 of the charllable ¢xmpany and of the irKoming rE%>ufLE5 aThJ applicalk)n of reStyjrs. indudirvJ income and expendibjre. of e ikwIith that pwiod. In preparng Ih88e finanual slatemenls. the tnjstees aro roquired to: selecl 8uitsbb acwirrfir¥J Wic(es and apFty Ihom observe Ihe mgllK)ds a1 I¥1¥10$ Chartss SORP. dSsdosed and en8d in th8 finar1 alwwts' and ppart the finarKiBI statements on Ihe 9cry basls unless 11 Is Inwropriate b) pme that the charftablè eonwnywl (xjntinug in Ixws& any tvng the final wsitv)n charilable compony ar enable Ihem to en5ur8 that the financial 51aternents cornply ¥th Ihg Companw Act 2006. Th8y are aso resp1e fr>r safeguarding th8 assets rA Ihe charltalle cOmpanyd hence ktskng WEa50n8 st8psforlhe preventrw detecticffi offra otheriThegulariks.
Ind•pondonl Examlnorfs R•port to th• Trust•es of North Allordalo Development Trust Llmlt•d I rèrth tha accounts olthe ¢xmpknyfor ts yew ernlgd 31 Odobw 2025. vhwth Set LXJt pag88 9 to 29. The twstees lwtho are s0 the dir?ct of the cortyanyfLYU wrpos•s of cJmpany kn) are res[hsib forthe preparallon of thé aloUnts. The trustees CLm5KJer Ihat audit 15 not requY•J for Ihis year under secbon 14121 of the Chili8s Act 2011 as arynded by the char8& Act 20221th& ALI) a1 that an iNpondent exMlnatltsn Thg ¢harttys gross incorne exCedj £250.LXKJ and I qualifièd to urMl8rt8ke the MtIOn by beltvJ a qualffjed membBrofth8 Institule OfCharte A¢ontants in England and Ws. Havlng Satisf myself that the chty Is rnt suiied lo vJit uwthr Part 16 of thg Companies Ad 2006 and Is 8lglblè Sjr IndepeNlertexaMvkn. tt Is my follow the pr(K8dwes lald th8 Gen8fal tIredxow by ts Charity Commission urthr 14515) Ibl of the Act and Ba815 ol Ind9peI0nt•XI0norS r•wt ty examlnauon was carrfed (Mrt In w>)yd8rKe lth the CAnernl ciMaions gwi by thg Charity C(Mnmi3slon. An examination indudes a revEw of the aeaHJnting rE(yNd5 kept by the carity and a Mparison of lh& acc¥)unts presented Ihos8 records. rt also Inc cortsbJ8ratJn of any unu5U81 riems or di5dOsu in the accounls, and seeknng ewanations frckn.yju a5 Inth concerning any such mattws. The wrxethres undertaken do not provR1e all the ewderte that be in an audti and cwuenty no opinion Is as to wh8 aC0)ts r¥osent a Inje falr and the wrt is h'nited thLW rnatter5 58t (xrt in the ststemenl Inthpendont •xaminerf• >tatefft (11 whth gi4Es me reasonable Cavse to Ihat in any matelièl respecl the Tements. requirements of soctr)n 396 of the Companl8s Aci 20J6 #nd ith Ihe metlK)ds and of Ihe Siatem8ntof Recnrn8rNj8d Practp>'. AcCnt afKI RepNting by chare5 (2) to'vthich. in alten1m be to a propw uThjernllThJ of the FIFTEEN Rosehill Montgomery Way R{h111 Est8t• CARLISLE CA12RW ne Thornfinson FCA Dodd & Co Lhntsd Chartered AOuntants 13 Awil 2026
North All•nl•lo D•velopnnt Trust Lwnitod statomont of Flnanclal Actt finduding Incom• and Exp•ndknre Account) forthe Year End•d 31 October 2025 Unrestrfctod Rqstrict•d Endow Total FundB Total Funds Funds Funds Funds 2025 2024 Incom• and •ndoryn•nts fr¢m: t)onthns and gac$ Other tradwy acbvihes Inve5tmew Charitable advitlgs Totsl inc¥Jme arwj eThJo•nrthts 121.965 122.458 176.761 5.711 1.116 183,W2 188,951 1.116 188.543 173.634 315.457 356.940 4.641 Expendlturo on: charitab acbvit*s 1,663 161.022 161.022 13,360 13,) 365,045 365.045 329.499 329,WJ9 Iransfers {1.7121 4.516) (13.Xll {49,5881 27.441 Transfors Trnnsfers lunds 1.0981 Not movements kn funds 16141 {35.6141 (13.Xll {49.5881 27.441 Reconcllkndon af fvnds Total fijnts brought knrd Totsl fund5 caThted Iwar 48,211 47,597 75,020 39.406 1.473.ZJ6 1.459.876 1.,467 1.569.026 1.546.879 1,596,467 Thè not•s on paggs 11 to 29 forrn lal partofllwe fmarThl slatemerts. Page 9
North Allwd•le D•velowneDt Tntyt Lknited Company reglstratlon number. 06725932 Balance Sheet as at 31 October 2025 2tr24 TanG4ble asseis Inv8Stm8rrt¥ 11 12 1,46&487 100 1.463,587 1,477,247 1tKI 1,477,347 Curr•nt as¥ots Debtor3 Cash at bank arKI kn haNI 13 29.256 68,61 f 97.867 107,892 130.430 Croditors: Am(nts f4llng wlthln one ar 14 (1475) 111.3101 P4et current•sxl¥ 119.120 1.546.879 1.598.467 Th• fvnds olth• ¢hArNy. Endo¥mtt funds 1.459.878 1.473.236 Ro8tri¢t•d lund• 7S.020 unstrICted Uhtricted incorre fund5 47.597 48,211 Total charlty fvnds For the finantsal yr •r%knJ 31 Ckbw2025, the dvity was entthl lo ex8rnpt from authl und8rsect?n 477 Ltho 2. 1.546.879 1.596,467 The rmbets have not requi the tharity kn obtah) an audl of lis axnIS for In quest In secoae with SectJ476 ofthe The dKectors adu¥x•ledge their resrN)n%l)s for comF+ing the wuyenwts of the Ad ith respect to accounb'ng CordS and the w8paraUon OfaCts. smau companies reg AFvoved by the Board rm 13 A¥ri126 5*31d cffi bthalfty. D S Walker TnMt•• The notes on p•3es 1110 29 f(xm pwt of Ih858 finandal statements. Pagg 10
Ncffth Allevthle Developme Tnmt Umltsd Nolel to th• FInala1 Stat•mnts for th• Yoar Ended 31 October 2025 Summary of $lwlficart aee¢svnlky poHcle¥ al krya¢cowrtlng •slfmat•• Tho prlncipal accounbTrJ tMa"es appliod fn tha pmparatw of these ffinarK¥al Statem arg s81 btltrw. Th83e PL41cS have been c¥)nsoknty applied to al tha years presented. unless othernvi5e statqd. The finanraal statements hav• been preparwj kn acc Yth Acc{y0ThJ #nd Reporting by Chariti Ststemenl of RectmrnerKled Pr¢e to tale$ preparing Ih8Y ount$ in ac£ordanc wrfh thg Financiaj Reportir¥J Stsndar(l in UK and ReputrAic ol Ireland (FRS 1021 leffective 1 January 20191. {chare$ SORP IFRS 1021), the Fin Rewyling Starmjard appable UK aThJ Repubthcof Ireland IFRS 1021 and the Cornp8nies Act 2fTh. Th8 charitable c(ryany meets lh8 definlion cla pC tngfft gitty FRS 102. Assets and ThaL411i88 aCCunrWj tdicy notes. olng concevn un¢ertaintEs related to events or ronthti that may t s•Jnfftant th)ubt the alwlty of the Charity I nts.nue as a gotNJ ¢C¢em. Th8 trustees make llis assessmenl Sn rgsm of a p8rbyJ of one year frorn the date of approval crfthtsfinanrial statem. Fund accouthg polley UrbStriCted incrne fvnds ar8 ganeral fvnds Ihat *• avalabl8 tr u89 at di18th)n In fvdherancg oflhe obi8thvas ofthe The 8n(knent fuTry.rnprnts tho valu• of tha Market Hall gffted lo the tharity under a long lease in 2010. DeprEuation is b8ing dwryed to the so as lo vnite off the of the ftmd (wer the 125 year teffn of thè lease. Furtherdthls oleath fund we di8cki88d in 18. P¥11
North Allerdalo Dovelopm•nt Tn Llmltod Notss to tho FInancI Statom•nts for the Yw Ended 31 OCtor 2025 Donati are recognised thB Ch•ity Tr)tified in tlI1j ol the arnount ar¥J s8thmBnt dale. In the evenl that a donalkjn L8 subied to ¢111)r6 that fequim a lèvel of perfOrrnar by the Charity before the Charity is entiU8d to the luryjs. the irKome is deferred aTrJ not reCOlSed untsl either those conditions are fulty rwrt or the fvifilmeni of those (ndIL is WI wrfFMn thg conW of thg Charity and It p>alo that Ihese cWdthnsW b8 fulfil in Iha rgFoyb'ThJ pwiThJ. Legacy grfls are rec(wfsed 8 cse by b$ long"nY the grnrrt of probate Ythgn the administratorlexeLJJtLY for the e$late has c4)nyNnkated In writing th th8 amount and setttemenl dale. In the event that the gift is in the frxrn of an asset othw than CAsh or a financial asset Ir&Yed a recognise slock exchange. recognitk)n is blecl to the ¥e of the gift beiry TeIbty measured a flegre8 of reasC2Ie and Ihè tillè to the asset haviThJ b88n traler[erj to Ihe Chanty. kncome from Govemment aTh10lh8r gr. Ilr.(aprtaT. grnnts or'rgv8nuè' wts. is recognis8d when e chanty h8$ Èntillement to Ihe fvnds, any pthnwnce cjjndtlaons attached to Ihe grants have been me( li 15 prob3ble that the bè rtta¥ed a1 the amount (an be rneas an¢ is rb)tdèforr9d. Gifts in kind arg reccfjnlsgd in iJfiffer8ntwws deFrton Iy4f Ilw aro by tho dbarfty: O) Those donated TBs819 woduce thèy are Thèy are ¥alLd th the arnwnt actu realis8d. Oi) Those thnated OFward transmL%s•Jn to b8neficiaii8s are Iled in ts ststement of fthaTrcSal 8th1e$ as IrKong rgsoufc5 arKJ reSrr eXrth Itw affj distribu. They arè valued 8t the amount the charitywYJukl have W to pay to acwire rn. Iliil Those donated for use by the Canty 11selfa Indudedwtsn r•cvabb. Tlw valued atttE 3rTh)unl the char1 have had b pay to a¢wI them. Whr8servv8 wfa(alths provided to Ihe Chwity a5 a donation that Wld norn be rAjr¢ha$ from Jr SUPF4w, this trerrt is indjart In the ffinartial ststements at its fair ynlw ts fair value ¢annol b8 re118bly n&wred, tha) at cost to Ihe (h)Mror Ihe resabe vae ofthewds Ihat are to be sdd. kncnming r&8ources frn tax reLlalm# wo hK4tyJed In ts terrnnt of finanuel acbths 81 the s8n tlsne as the gift to whKh they relats. are pvow¢tsdl orL Exp•ndllu Lia'11ty8S are rned as scKJn as there a al CY LI[allOn committing th8 tharity to th• OXP8nditrJre. AV expenditu is for on an ac¢rua15 ba515 WKI has ¢5sifi8d under headings Ihataggregale all cosls rdabj to cegNy. Charhable expendlbJe comprSses tfKJse c4)sts kncurred by th8 clhqrity in the defvery of its xUviti88 and Servi for ts benefidarFes. It indwlos toth ¢rts thai be alc¢ated directy to athibes and those SuFWt induth centrnl fUiL been aWLKatwJ to actiwty cost terI&S on a basis nsistent wrfh resources. for exam*. alltij pwpaty costs by fiCr arèas. cr per eawta. stslf¢osts by Ihg tlme ¥wt 8j cthrc(6ts by tsru5age. Page 12
North All•rdale DlOP•tTl•t Llmlt•d Not•8 to th• Flnanclal Slaloments forthe Year End 31 Octobw 2025 Charity 15 CoK1P1 to tAss ts tests set ¢xrt in Paraw• 1 Sdthle 6 ofthB FinanEe Act 20?0 and it meets the definilK)n of a dwilabte t¥Mnpany for UK Lworation tax purp05e5. Aco)rdingty. the Charity is Fd8nti8lly exty frcmn taxakn in w (rf Income or capital gains receN8d wthin categories covered by Chapler 3 P 11 of Iho Cc¥pwdtw)n Tax 2010 or Sectbjn 256 of ts Taxats"on ofchargeable Gains Ad 1992. to the 6xtontthat suth gaw¢s are apw &u&v&V b) choritaNe purFrf>ses. Flx•d as80ts InddUal fixed awts 11r9 £11XI w morn l• at rA)sL D8prec4ation Is provkled M t¥ibl8 assets 80 as lo 110 off I cost or val.1&$$ any lImatod Plant and mthn 15% reduurMJ balan bas Motor vehirjes 25% r8duryThJ balance bas FIrs, fil)"r¥Js wpnnt 15% reduung balance basis and 3 stsght fing basis Le8sèhotd and ottr interests in la4 aThl 125 years strawt kne basis buildiThJs Plain Futu8 Mited. Trndt D•btors Trade debtors are amounts frtyn w5tonets fvr merchaFKlise g)kl or 3er¥ices pert(ff in the ordrnary utse of bu5ine55. Trade debtor5 are recrjjnd at the transacti( price. They are thequenly measur8d at amortised I Urj Ihe effedNe interest me. less PFov¢sion for impaim)ent. A prowsion for the impairniw)t of trade debtor5 is eStalShl when there 15 obj¥8 evidewK8 that lh8 Charity ill not bo ab to colad am aythnts (bje to Ih8 terrns ofth8 1¥84&&. Cash and CMh equlvalents Cash and rash equivabnts comprise Lh on h and cal deF¥)Srts, and other short-term h5ghty Wquld IrNestmwtsthat are t"tY cThwertitl8 lo a kTh)i) anKwJntof (ash aThJ are subject lo an inskJnfficant risk of thange In lUe. UbllStks Trade cTrditors are obfwtKirts to pay for gxtyjs or th8t have been acquired in the ordln8ry r$e of business from suppffiers. Accxyjnts payat4e are dassifd as ttent liabiltieg SF the Charity does not have an unCOnd0nal nw, at Ih• 8nd of th• r•pOrTr3 to dafèr sèttbam8nt of thè erédttor for at lèast twefve MthS after lh8 repNtiTh3 dale. If IhBre is an unconditKmal W to defer s&ttbement for at least MthS after t reF4)rlr¥J date. they a5 rrTnt IlabilUe5. Trale crediiorn arg rwni8ed iThti"aly at tho Iransxkn wico aThJ 8Ut6equenty m8ayJrgJ at arTh)rtMd cost using the eff#bve interesl methLKI. Oporatlng l•a8•8 Le8ses in whKh substaly thB r&ks sThl rew8rd5 of fytsinèd by Iha lèssor dassiff8d as operating lea5e8. Renlal$ payable under Oatir9 are (arg¥l in the Slaternent of Finana81 Acb"vitiès on a str4ht&"no basis o¥wth818asèt P&38 13
North leYa D8v•lownent Tntyl Umltsd Notes to th• Flnanclal Slalomgnts fortho Yg•r Endod 31 October 2025 Flnanclal Instrurnonts Financial assets and finanoal lbIlit we recNJnsed when the charity becomes a pty to th8 contrnciual proS)$ of th• mstwrrnL Finar1 kabilbes and equty IlAnents a daSsI ardIng to the substanc8ofthe conbacbJal arrawents entsrgd into. An equity instnjment 1$ any contfacltste¥k18nL residual interesl in th8 a&88ts of th8 Chaity after d8ductw¥J all of its liablii& All ffinanoal assets KI liawrties are meagjred at tran5x1¥ fv IndudiTrJ tr•ns8dfjon coslsl, except for those financid assets C18s3rfd 8$ 9tfairrdh Ihrwgh prorrt or tosg, are irAtialty m8a5ured at falr value rK¥rnally the 1ransacb.on priTr 8xclLNJing traraCtI)n u)stsl. urkn the 8rrangem8nt on5tibJte5 a finan¢ln9 transaction. Ir anar4Jeffont (wtite$ a financaThJ tranSaCtn. the financAal asset or finanoal Ivatmtsty is wUle at thg present YaiuE of the frjiure paYts discojnted at a martèt rate crf Interestfor 8 51rnilBf dgbt Instrum8nL FInancI 8wts and arg orty olfsèt in Ih• skitement cl finarthl kw)Sits ¥rt. and only when the exEts a 18gaHy enfLYceable rwJht to Set off thè wnlsed ank)unts aThJ the Charity intend5 ellhar to satue on a net b.$, or to reali58 tho asset and settle the lfjability simuttarou5ty. Flnaneid assèts arn der•cogni8ad ¥hn and al th8 i¥Jhts to thè cash Ilowts from the financial a55et exw8 ¢xare sethed. b} th9 ChaiKytransfers to another party subslanlialty al of the risks and rewards d cwner5hip of the finarKaal asS8t. oy cl the Charity. d84Mte havmg retained semè. LNJt not all, Fiftandal Ioabillhes are derwiwssd ttten th8 rtthgation speafiwj in Ihe cLM*acl ig di3ch8rggd, carKelLed or e4xrts. Page 14
North Allerdl• D•veloprnent Trust Llmlled Notss to th• Financial Statoments for the Year Endod 31 Oclob•r 2025 Funds Funds Funds 2025 2024 Donatlon$ and legacle• Appeals 8nd donations G tax rtdairned 7.439 603 8.042 11.762 127 730 8.635 11.762 Grants CumbBrfaTrJ lo"thtdt Parish Cwn Francis C Scott Ch&fjiat4è Tntst Curnbria Ycwth Alwco Cumbria Comrnunty FrAInl)n C(kop Local Ccmmunity Fund Vinu UK Fwndaion S(reetGame¥ UK Robin Fg9 ComMty FurNI Dobies charitab TNSI Coalfidds Regenerallon Tnt 27.492 27.492 62.121 20,100 12,5CO 29.2CQ 20.100 12,500 29.2QO 20,0 45,979 2,961 2,559 11.472 10.238 11.472 113.823 113.823 184,999 593 121.865 122,458 176.761 Of tha donabons and10g ino)mè h12024. £1.081 related to urY8stn thjnds £175,680 ratj to rE51rid8d fu18. UNtstriclBd Rostricknd Endowrn Total Funth Total Funds Funds FUj$ Fund6 2024 5.711 AJI ofthe othertra¢ling iryx¥n8 2024 relatad to unr¢*idgJ fvThJs. stments UnrBstricted Restric Endowwt Totsl Funds Tgtal Funds Funds Fund8 Fund• 202$ 2024 Inter85t f8ce 1,116 1.116 834
North All•rdab• D8velopment Tnmt Limfted Notgs lo the Hnanclal Stakni)•rts forthe Year Ended 31 Octobw 2025 Fund• Funds Fun 2025 2024 44.612 55.678 83,612 183,9)2 4,641 49.253 55,678 83.612 188.543 58.755 19,oe8 95.811 173.634 Rcrn hi Retharge of utlibes 4,641 01 th8 inLYJm• ftom charoble alIeS in 2024, £172.724 rdaw to rS111 fuThts £910 relatsd to P16
North Allordale Development Tntst Llmlt•d Notes to the Fina141 Stalem•nts for th• Year End•d 31 Qctobgr 2025 Expenthtur ¢haritablè Total adtviti•s 2025 Tolal 2024 Crynmunity Puthases Mentoring and ttr•thiThJ rnateriBIs EmpWTh At erffjts Rat8$ and ¥Rter Room lirè L¢ghL h•at and Fer Insw)ce Repalrs and renawak 4.364 23.093 11284 223.426 8.615 3,407 4,496 12,072 216.793 7.003 23.093 12,284 223,426 8.615 19,231 19,231 6,487 11.792 19.293 19,293 E iii Teleph¢e and fax Computer sofvare and malnteronce oJs15 Pdnting, postag8and slatiuwy Subscriptions 926 5.598 926 5,598 352 374 14.714 42 305 2216 4.597 1.214 13,360 1,116 5.113 942 374 14.714 42 305 2.216 4.597 1.214 13.360 15,9D5 Trainlng Sundry expBnses Cleanlng Travel stA)g 2,410 1,234 13, Depr8aation of pfant aThJ machwiery Depreciati of fixlures fftbngs Depreciati oloffic8 equwrnt 212 289 1,071 326,738 246 1.071 362.148 1.071 362.148 Support eosts Ac¢>Juntanw tB8s Independent examinerfs f• Bank charg•s 2.046 720 131 2.897 720 131 2.897 167 2.761 365,045 365.045 329.499 Ofthe expeThYiture in 2024. £168.99J re to Ur¢trI fwhJs. £147.149 led lo $triCj fuTrls ar £13,360 related to eth4oTnent lunts. Page 17
North Alhvdalo Dwelopmont Trust Limit8d Not•8 to th• Flnanclal Statements for the Year End•d 31 October 2025 2025 2024 Irml8pnl exTne$ fee 720 17e6 1594 During the year no trustee5 were reirthrsed tr (xists CUrred in rolath)n b) thairmk as trustee. No trvstsB has recelv8d any reffluner8t trcth the charity durw the pwul. N•t (•xp•ndliureylncoTh• Net (eXdIti8m¢crfng 1$ statod aft8r ckn¥glrrfs 2fdS 2024 Depretsalion oftawwJibb ed assets Independent examinerf5 Temunera 14.858 2,766 14,932 2,594 10 Emplt)>ws' MOrn The monthty aveF8g$ 1KNrtsrrAw8S (In(*Jdry serknm8n#gement)emFloyBd tythe during Ihe 2025 No. 2024 No. Charilae actNIII8S 12 13 202S 2024 Wages xnd selar Employw5' Wwtronal insuM¢¥ other pensw ¢ts 210.229 8.823 4.055 223.107 205.155 7.872 3.766 216,793 key Man•JeffnI personnel tho Trustees and tha CEO. Thè M0Ye8 berth of Ihg key management persts)nel of the Charity £43.44012024- £42.334}. Pa99 18
North Allerd#l• D•velopment Tnnt Limited Notes to th• Flnancial Statwn•nts for the Y•ar End 31 OctolJ•r 2025 11 Tanglbl•fixqd Long 1oa50hold nd other lrt•r•sts in land and buSlthng8 Plant Hf machknery fft1Sngs ab?d •guipmont T¢)tsl C¢)5t A8 811 NoirnTrber2024 Addittons A5 at 31 OdoLw2025 1.675M33 11.135 34,720 1.098 35,818 1.721,688 1,098 1.722.766 1.675,833 11.135 DeFYeGlatlon As at 1 Novener 2024 Charg¢ for the yew As at 31 Cr2025 22.597 13.360 21S,957 31.908 1.317 33225 244,441 14.858 259,299 181 10.117 As at 31 Octotrftr 2025 S 8t 31 October 2024 1.459.876 1.473236 1.018 1.199 2.593 2,812 1.463.4B7 1.477.247 PwJ819
North Alkrdah D8v•lopThwrt Trust Limlt•d Notes to the Financial Stat•m•nts for th• Year Ended 31 OCtor 2025 12 Investmenls h•ld a fixod assets InstmentS In group and a55OCiBt8d undgrtaking$ Market va As at 1 NOrnber 2WI4 and 31 October 2025 1j N•t book va As at 31 October 2025 As at 31 OLtober 2024 100 100 l investmentassets were hekj in the LK. The tharity hcJs mcrfe then 20% share (wtaloftt kknirwJ Countyof Prfndpal rtl¥#y Class Sthldlary undertaking Sthay Future5 r[lIed EngL8rxl Renlal oftsilrfi85 and fe (knlinary 100 Capltal & s•rv•s Profft1lloI for th• porlod Subsldlary 131.968) {S.084) 13 D•btor8 2025 2024 18.lJ54 8,922 2,280 29.256 12.457 8,922 1,159 22.538 AmcMJnts Irom SUdIary8 sssodated urA1•rl&kJrvJs Page 20
Norfh All•rdah D•velopm•n¢ Tntsl Limited Not•s to tho Financial Statements for tho Ygar Ended 31 Octobw 2025 14 Cr•dltors'. Anw)untfaUlry wlthln J••r 2025 2024 Trade (xedito TaxatHJn and S1 se¢aJ 3,298 4,120 2,940 4217 2,578 3,102 1,052 4,578 11.310 IS Il•ml>•r•' Ilabllty Th9 tholity b a pthte FAnited by gunI0 ccfflswwentlyths habt shafe Catal. Each of the members 6s liab[8 to cntribuE8 Èn amotwrt ncrt excJ1j £10 tchvaDJs thè assèts ofthÈ tharfty in the event ollNutdatw)n. 16 Pwwlon sch•m• The charity op8rales a defined c4)ntrftrth pan$ sehwn& The penslon cost th8rge for the r•pr&s&nts ¢£tribUtm$ parable by the chrtykn th8 schem8 8fKI amwnw to £4.05512024- £3,766>. Gtr[Or6 tollvw £88612024 . £8761 Tll2 payth to the at ts eThJ of the period and are dude¢J in creditots. 17 R•lat•d rtIo9 Cixrtrolllno •nllty Thè ch rJ)ntrc4knS by the trusleesfts are aN dlrSors ofttp crynP. R•lat¢d partytran5acIITh tn[¥j the year the chaiity purdwsed 15 and seF¥iC8S at £23.509 12024 . £6,288) from its subsidiary, SCW Plain Fuiufvs tsmited. At ts year eno 8 b8Lgnce of £1,562 (2024 - £1.309} Wds oulst#ndng. During the year the chartty 501d sef¥Kes ¥aLd at £83.613 {2024- £95.8111 to Its sthhjlary. At thg y8ar end a balar of£13.43212024- £7.7961 w outstandry. At the year end. £8.9227**s to thè Clwity frorn Fts thidiary {2024-£8,922 Page 21
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North Allenlale DevelOPnt Trust Limit8d Nolas to th• Flnanclal Stat•mts for tho Year Endgd 31 October 2025 19 Tr•n81•r8 A transfer of £1.098 was made from Curnbr Yrth Atliance. COMF to Lm)fèstri Ihis represents funds used to purch8¥e fixed assets. (knce the ossets WVB purchawj the lginal reSthCtiC on the funds 20 Not by lund Funds Funds Fund• Tangible ass•ts Inveslrnents Currènt assets Creditors: AmcMJnts falThJ th wthh) ¢Th Ng1 assets 3.611 1.459.876 58,039 114.1531 47.597 39.828 (422) 39.406 1.459.876 T¢tal Funds 2025 Totsl Fund$ 2024 Tangitk a86ets Investrnents CurreTrt assets Crodrtors.. ArMJntsfdlirwJ ilhin cTh yo N•t assets 1,483,487 1tJ) 97,867 114,5751 1,546,879 1.477.247 11XI 130,430 111,3101 1,5%.467 Prlor prlod Endry Total Funds Funds 2024 T+)tal Funds 2023 Fund• Funds Tangl8 as5* Inv8Strnents Current CrErJTtor5". AJnounts falling due within one year Net ats 4,011 1C(I 54.X11 1.473,236 1.477.247 1.492.179 75.929 130.430 84.528 110.401) I) {11.3101 (7.781) 48211 75.tr20 1.473.2 1.596.467 1.569.026