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2025-03-31-accounts

Charity registration number 1139328

Company registration number 07424020 (England and Wales)

KIELDER WATER & FOREST PARK DEVELOPMENT TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

KIELDER WATER & FOREST PARK DEVELOPMENT TRUST

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees D Hall
H Mottram
K May
M Pratt
P C Standfield
M Holroyd
Dr A M Charlton
L Venus
P J V Cockerill
J R Riddle (Appointed 17 June 2025)
A Sharp (Appointed 17 June 2025)
Charity number 1139328
Company number 07424020
Registered office Abbey Road
Pity Me
Durham
United Kingdom
DH1 5FJ
Independent examiner Simon Brown BA ACA DChA
Azets Audit Services
Bulman House
Regent Centre
Gosforth
Newcastle Upon Tyne
NE3 3LS
Bankers Natwest Bank Plc
16 Northumberland Street
Newcastle Upon Tyne
Tyne And Wear
United Kingdom
NE1 7EL

KIELDER WATER & FOREST PARK DEVELOPMENT TRUST

CONTENTS

Page
Trustees report 1 - 4
Independent examiner's report 5
Statement of financial activities 6 - 7
Statement of financial position 8
Notes to the financial statements 9 - 19

KIELDER WATER & FOREST PARK DEVELOPMENT TRUST

TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT)

FOR THE YEAR ENDED 31 MARCH 2025

The trustees present their annual report and financial statements for the year ended 31 March 2025.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019).

Objectives and activities

The Charity was established:

(1) To promote sustainable development for the benefit of the public by:

(a) the preservation, conservation and the protection of the environment and the prudent use of natural resources in the area surrounding Kielder Water and Kielder Forest ("Kielder"); and

(b) the relief of poverty and the improvement of the conditions of life in socially and economically disadvantaged communities at Kielder; and

(c) the promotion of sustainable means of achieving economic growth and regeneration at Kielder;

(2) To provide or assist in the provision of facilities for public recreation and other leisure activities at Kielder in the interests of social welfare with the object of improving conditions of life of those using such facilities;

(3) To educate the public in all aspects of the natural environment at Kielder; and

(4) To advance the Arts by promoting the creation of works of art and presenting musical and dramatic performances.

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

Review of Trust

Over the year, the Trust and its partners took the opportunity to review its activities and focus in a Post Covid and ever-changing world and economy. Whilst this has meant that some previous projects and initiatives have not been progressed the Trust has focussed on some short-term objectives:

Unify and strengthen the Partnership - Build a cohesive and collaborative partnership with a shared vision and purpose. Develop group projects and bundled offerings that deliver mutual value.

Reconnect with communities and stakeholders - Engage with local community and businesses to shape a shared vision around sustainability, tourism growth, employment using forums and initiatives like Design Sprint. Deliver a sustainable and aligned visitor customer experience - Collectively develop a visitor experience that integrates nature, wildlife, art, dark skies, food, accommodation, activities, accessibility, events. Ensure offerings meet the needs of diverse visitor groups.

Create brand and communications strategy - Implement a collaborative plan across digital, social and traditional channels. Ensure the visitor experience is communicated and available to all partners and stakeholders. Bring brand to life with shared visuals/message/use.

Position Kielder for regional and national recognition and funding - Identify and build relationships with relevant organisations, funders, philanthropists secure funding for projects, using partner contacts.

This work is now well underway and the Trust is well placed to complete a number of initiatives and events in the coming years.

KIELDER WATER & FOREST PARK DEVELOPMENT TRUST

TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Development Work

From an operational and developments perspective, existing plans for updating highways signs and degraded visitor information infrastructure, were frustrated by the unavailability financial resource and a key supplier going out of business. These aspects remain as an outstanding set of tasks however some replacement waymarking on the Lakeside Way has been achieved.

No works were commissioned or undertaken as part of the Kielder Art & Architecture programme. Work to deliver 9 multicontinued with project team being led by the Trust Operations Manager. This network is funded by Northumberland County Council and will be launched in Autumn 2025.

Marketing

A new Visit Kielder website came on line in January 2025, alleviating the many functional and operational difficulties experienced with the previous site. The new website also acted as the launch vehicle for the new Kielder branding which has been used on subsequent marketing materials and outputs.

To further re-invigorate the marketing mediums and outputs, a local photographer and videographer was appointed to create a 12-

A marketing consultant, Elizabeth Blair was commissioned in January 2025 for an initial 3 to 6 months, to create a new strategic marketing approach for Kielder, utilising the new brand, website and photography.

Financial review

Policy on reserves

The calculation of free reserves is based on the definition included in the Charities Statement of Recommended Practice (SORP), which provides recommendations for accounting and reporting for charities. The trustees have i.e. those reserves not invested in tangible fixed assets, excluding long term liabilities, or designated for a particular purpose. This exercise considered both the normal requirements for working capital and the loss of income of a hypothetical but reasonable reduction in the scale of operations. It also considered the need to retain capacity to deliver the current programme to which the Trust is committed.

Resulting from this, the trustees considered it would be appropriate to hold the equivalent of six months' operational running costs which would equate to holding approximately £57,000 in free reserves.

At the year end, free reserves were £134,628 (2024 - £102,399), an increase of £32,229 in the year.

The Charity has strong positive cash balances and expects this to continue to be the case, despite the anticipated challenges of securing grant funding in the current economic climate. Project work is only undertaken once all short notice if required. The trustees are therefore satisfied that there are no material uncertainties that would cast ue as a going concern for at least twelve months from the date of approval of these accounts.

Plans for future periods

Into 2025-26, the appointment of a Trust director continued to be a stated aim and such an assignment was confirmed in the June 2025 meeting of the Board, with the Elizabeth Blair being given the position on a commissioned consultant basis to be reviewed after 6 months.

The appointment has brought about a further set of consultations with trustees and stakeholders to confirm objectives, priorities and related activities.

Any resultant actions will necessitate a detailed review of the organisation resources with a view on what will be needed to deliver the ambitions, in terms of an appropriately skilled and knowledgeable work team, and the finances to be sourced and secured for the operation of the organisation and the investment in projects.

KIELDER WATER & FOREST PARK DEVELOPMENT TRUST

TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Structure, governance and management

Kielder Water & Forest Park Development Trust ("the Charity") is a company limited by guarantee. It does not have share capital.

The company was incorporated on 29th October 2010 and registered as a Charity with the Charity Commission on 15th December 2010.

It is governed by its Articles of Association, which were last amended on 4th February 2013.

The company is administered by a board of directors which meets quarterly.

In accordance with the Articles of Association, there must be a minimum of three and a maximum of 20 directors. Each must be a natural person aged 18 or over and is also a trustee of the Charity.

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

D Hall H Mottram K May J I Hutchinson (Resigned 17 June 2025) M Pratt P C Standfield M Holroyd Dr A M Charlton L Venus P J V Cockerill J R Riddle (Appointed 17 June 2025) A Sharp (Appointed 17 June 2025)

Recruitment and appointment of trustees

The first directors were appointed by the founding members. Each member (including the founding members) is entitled to appoint two directors and to remove and replace them from time to time.

The board may from time to time by unanimous agreement co-opt as a director/trustee any person willing to act. Coopted directors/trustees may serve for up to one year, after which time they shall cease to hold office. Such coopted directors/trustees may serve for further one-year terms by the unanimous agreement of the board.

A director may not appoint an alternate director or anyone to act on his or her behalf at meetings of the board.

Arrangements for setting key management personnel remuneration

The trustees give their time freely and received no remuneration in the year. They have considered who the Key Management Personnel (KMP) of the Charity are and concluded that there are none aside from the trustees themselves.

The Charity does not employ any staff directly. All staff who run the day-to-day operations of the Charity are provided by member organisations via service level agreements with the Charity. Remuneration for staff is set by the relevant member organisation and recharged to the Charity. As a result of these arrangements the Charity is not responsible for review or benchmarking of remuneration for seconded staff.

The charitable company is administered by a board of trustees which meets quarterly. The board has service level agreements with members to provide staff to run the day to day operations of the charitable company.

KIELDER WATER & FOREST PARK DEVELOPMENT TRUST

TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

Fundraising disclosures

The Charity is required to report how it deals with fundraising from the public. The Charity does not use a professional fundraiser or commercial participator to raise funds. Any monies raised direct from the public follow all guidelines set out by the Charity Commission and UK law in every respect. We respect the privacy and contact preferences of all public donors.

Public benefit

The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.

The trustees report was approved by the Board of Trustees.

..............................

H Mottram

Trustee

Date: .........15 December 2025......

KIELDER WATER & FOREST PARK DEVELOPMENT TRUST

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF KIELDER WATER & FOREST PARK DEVELOPMENT TRUST LIMITED

I report to the trustees on my examination of the financial statements of Kielder Water & Forest Park Development Trust Limited (the charity) for the year ended 31 March 2025.

Responsibilities and basis of report

As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).

Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, | report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

Simon Brown BA ACA DChA

Azets Audit Services Bulman House Regent Centre Gosforth Newcastle Upon Tyne NE3 3LS

Dated: .........................

KIELDER WATER & FOREST PARK DEVELOPMENT TRUST

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2025

Current financial year

Unrestricted
Restricted
funds
funds
2025
2025
Notes
£
£
Income from:
Donations and legacies
2
37,562
33,268
Charitable activities
3
136,508
-
Total income
174,070
33,268
Expenditure on:
Charitable activities
4
173,665
56,169
Net income/(expenditure) for the year/
Net movement in funds
405
(22,901)
Fund balances at 1 April 2024
212,066
149,166
Fund balances at 31 March 2025
212,471
126,265		 Total
2025
£
70,830
136,508
207,338
229,834
(22,496)
361,232
338,736		 Total
2024
£
104,439
110,973
215,412
213,811
1,601
359,631
361,232

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

KIELDER WATER & FOREST PARK DEVELOPMENT TRUST

STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2025

Prior financial year

Prior financial year
Unrestricted
Restricted
funds
funds
2024
2024
Notes
£
£
Income from:
Donations and legacies
2
40,615
63,824
Charitable activities
3
110,973
-
Total income
151,588
63,824
Expenditure on:
Charitable activities
4
151,986
61,825
Gross transfers between funds
13,410
(13,410)
Net income/(expenditure) for the year/
Net movement in funds
13,012
(11,411)
Fund balances at 1 April 2023
199,054
160,577
Fund balances at 31 March 2024
212,066
149,166		 Total
2024
£
104,439
110,973
215,412
213,811
-
1,601
359,631
361,232

KIELDER WATER & FOREST PARK DEVELOPMENT TRUST

STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 2025

2025 2024
Notes £ £ £ £
Fixed assets
Tangible assets 9 47,737 79,561
Current assets
Debtors 10 94,929 188,412
Cash at bank and in hand 207,882 100,259
302,811 288,671
Creditors: amounts falling due within
one year 11 (11,812) (7,000)
Net current assets 290,999 281,671
Total assets less current liabilities 338,736 361,232
Income funds
Restricted funds 12 126,265 149,166
Unrestricted funds
Designated funds 13 30,106 30,106
General unrestricted funds 182,365 181,960
212,471 212,066
338,736 361,232

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2025.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Trustees on .....15 December 2025.....

..............................

H Mottram

Trustee

Company registration number 07424020

KIELDER WATER & FOREST PARK DEVELOPMENT TRUST

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1 Accounting policies

Charity information

Kielder Water & Forest Park Development Trust Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is Abbey Road, Pity Me, Durham, DH1 5FJ, United Kingdom.

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's governing document, the Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102.

The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Designated funds comprise funds which have been set aside at the discretion of the trustees for specific purposes. The purposes and uses of the designated funds are set out in the notes to the financial statements.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

KIELDER WATER & FOREST PARK DEVELOPMENT TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

1 Accounting policies

1.4 Income

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Donations and grant income are recognised where there is entitlement e.g. when the Charity has been notified in writing of both the amount and settlement date the receipt is probable and the amount can be measured with sufficient reliability.

In the event that a donation or grant is subject to conditions that require a level of performance before the Charity is entitled to the funds, the income is recognised as a liability and included on the balance sheet as deferred income until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the Charity and it is probable that those conditions will be fulfilled in the reporting period.

Income from subscriptions is recognised as income upon receipt and is then deferred where the amount received is in respect of a period beyond the year end. Gift Aid in respect of subscriptions is recognised when the subscriptions are paid.

Where a gift in kind is given to the Charity and it can be reliably measured, the gift is shown as both voluntary income and expenditure on charitable activities.

1.5 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.

Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and

Governance costs

including audit, strategic management and trustees' meetings and reimbursed expenses.

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:

Human Den

20% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7 Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

KIELDER WATER & FOREST PARK DEVELOPMENT TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

1 Accounting policies

1.8 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.9 Financial instruments

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

cancelled.

KIELDER WATER & FOREST PARK DEVELOPMENT TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

3 Charitable activities

Income from
Income from
charitable
charitable
activities activities
2025 2024
£ £
Service level agreements 136,508 110,973

4 Charitable activities

Charitable
Charitable
Expenditure Expenditure
2025 2024
£ £
Art & Architecture 45,886 22,533
Big Picture 20,699 7,393
General charitable activities 110,181 138,043
Reivers gravel trail 41,749 31,899
218,515 199,868
Share of governance costs (see note 5) 11,319 13,943
229,834 213,811
Analysis by fund
Unrestricted funds 173,665 151,986
Restricted funds 56,169 61,825
229,834 213,811

KIELDER WATER & FOREST PARK DEVELOPMENT TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

5 Support costs

Support
costs
Governance
costs
£
£
Wages and salaries recharged
-
3,986
Other governance costs
-
3,083
Independent examination / audit fees
-
4,250
-
11,319
Analysed between
Charitable activities
-
11,319		 2025
£
3,986
3,083
4,250
11,319
11,319		 2024
£
4,279
2,664
7,000
13,943
13,943

Governance costs includes Independent Examiners fee of £4,250 (2024- £7,000 audit fees).

6 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.

7 Employees

The average monthly number of employees during the year was:

2025 2024
Number Number
Total - -

The Charity does not directly employ any staff. Staff are provided through service level agreements between members and the Trust. The Charity is invoiced for all wages and salaries costs. Salaries of staff provided under the service level agreement are not disclosed as the Charity is not responsible for decisions on salary levels of the seconded staff.

During 2024/25 there was 1 member of staff seconded to the Trust.

As all personnel are provided under service level agreements the trustees confirm that the Charity has no Key Management Personnel who are remunerated directly by the Trust.

There were no employees whose annual remuneration was more than £60,000.

8 Taxation

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.

KIELDER WATER & FOREST PARK DEVELOPMENT TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

9 Tangible fixed assets

Cost
At 1 April 2024
At 31 March 2025
Depreciation and impairment
At 1 April 2024
Depreciation charged in the year
At 31 March 2025
Carrying amount
At 31 March 2025
At 31 March 2024
10
Debtors
Amounts falling due within one year:
Trade debtors
Other debtors		 Human Den
£
159,121
159,121
79,560
31,824
111,384
47,737
79,561
2025
2024
£
£
92,521
-
2,408
188,412
94,929
188,412		 Human Den
£
159,121
159,121
79,560
31,824
111,384
47,737
79,561
2025
2024
£
£
92,521
-
2,408
188,412
94,929
188,412
159,121
79,560
31,824
111,384
47,737
79,561
2024
£
-
188,412
188,412

Other debtors include amounts due from Northumberland County Council totalling £nil(2024: £178,581). This balance represents the bank balance held by Northumberland County Council on behalf of the Charity.

11 Creditors: amounts falling due within one year

Trade creditors
Accruals and deferred income		 2025
£
5,071
6,741
11,812		 2024
£
-
7,000
7,000

Docusign Envelope ID: 52088D15 ~~-~~ 6BFF ~~-~~ 4EA5 ~~-~~ 9FC7 ~~-~~ 1CEF5812CF2C

KIELDER WATER & FOREST PARK DEVELOPMENT TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

12 Restricted funds

The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:

Movement in funds
Movement in funds		 Movement in funds
Movement in funds		 Movement in funds
Movement in funds		 Movement in funds
Movement in funds		 Movement in funds
Movement in funds
Balanceat
Incoming
Resources
Transfers
Balance at
Incoming		 Resources
Balance at
1 April 2023
resources
expended
1 April 2024
resources		 expended 31 March 2025
£ £
£
£
£		 £ £
£
Arts and Architecture
23,019		 22,506
(22,533)
(13,410)
9,582		 2,715 (4,420)
7,877
Big Picture 115,558 3,818
(7,393)
-
111,983		 - (10,000)
101,983
Reivers gravel trail
22,000		 37,500
(31,899)
-
27,601		 30,553 (41,749)
16,405
160,577 63,824
(61,825)
(13,410)
149,166		 33,268 (56,169)
126,265

Arts & Architecture

The funds held for Art & Architecture relate to income from Arts Council England to be used in delivering commissions, educational activity, public engagement and digital promotion.

The transfer in the prior year relates to release of unspent funding where conditions of funding have been met.

Big Picture

Restricted Big Picture funds represent funds received for the ‘Building Capacity and Resilience of Kielder' project, a future Kielder Observatory development project, Dark Skies, Forest Discovery, the Osprey project, Lakeside Way maintenance and the delivery of the Kielder Big Picture vision and priorities.

Reivers gravel trail

Funding received for reivers gravel trail in the year.

-16-

KIELDER WATER & FOREST PARK DEVELOPMENT TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

13 Designated funds

The income funds of the charity include the following designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes:

Movement Movement
in funds in funds
Balance at Incoming Balance at Incoming
Balance at
1 April 2023 resources 1 April 2024 resources 31 March 2025
£ £ £ £ £
Big Picture 30,106 - 30,106 - 30,106
30,106 - 30,106 - 30,106

Big Picture

The designated Big Picture funds relate to interpretation and signage at various locations.

14 Analysis of net assets between funds

Unrestricted
funds
Restricted
funds
2025
2025
£
£
Fund balances at 31
March 2025 are
represented by:
Tangible assets
47,737
-
Current assets/(liabilities)
164,734
126,265
212,471
126,265		 Total Unrestricted
funds
Restricted
funds
2025
2024
2024
£
£
£
47,737
79,561
-
290,999
132,505
149,166
338,736
212,066
149,166		 Total
2024
£
79,561
281,671
361,232

Included within unrestricted funds is £30,106 (2024: £30,106) which has been designated by trustees.

KIELDER WATER & FOREST PARK DEVELOPMENT TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

15 Related party transactions

Transactions with related parties

During the year the charity entered into the following transactions with related parties:

Kielder Observatory Astronomical Society

The Kielder Observatory Astronomical Society is related to the charity via virtue of being a member organisation and made contributions to incoming resources of £1,192 (2024: £1,169) in the year and incurred expenditure of £nil (2024: £2,000). At the balance sheet date the amount due from Kielder Observatory Astronomical Society was £1,430 (2024 - £nil).

Forestry England

Forestry England is related to the Charity by virtue of being a member organisation and has made contributions to incoming resources of £36,335 (2024: £33,098) in the year.

The Charity has incurred costs from Forestry England of £15,000 (2024: £3,000) in the year.

Forestry England provides the Charity with PR support and does not charge the Charity for the costs. This gift in kind has an estimated value of £14,400 (2024: £13,800) for the year which is included in income and expenditure within the Statement of Financial Activities. At the balance sheet date the amount due to Forestry England was £5,071 (2024 - £nil).

Northumberland County Council

Northumberland County Council is related to the Charity by virtue of being a member organisation and has made contributions to incoming resources of £20,000 (2024: £20,000) in the year and grant payments of £26,481 (2024: £37,500) towards the Reiver Trails project. The Charity has incurred costs from Northumberland County Council of £65,492 (2024: £58,072).

KIELDER WATER & FOREST PARK DEVELOPMENT TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

15 Related party transactions

Northumberland County Council hosted the finances of the Charity and at the start of the year and at the year end the balance held by Northumberland County Council on behalf of the Charity was £Nil (2024: £181,431), which is included in other debtors. As described within the debtors note, this amount represented cash held by Northumberland County Council on behalf of the Charity (less amounts recognised by the charity as accruals). Northumberland County Council did not charge the Charity for the costs of administering the finances. This gift in kind has an estimated value of £4,800 (2024: £9,225) for the year and is included in income and expenditure within the Statement of Financial Activities. At the balance sheet date the amount due from Northumberland County Council was £Nil (2024 - £181,431).

Northumbrian Water Limited

Northumbrian Water Limited is related to the Charity by virtue of being a member organisation and has made contributions to incoming resources of £75,909 (2024: £56,672).

The Charity has incurred costs from Northumbrian Water Limited of £Nil (2024: £10,000).

Northumbrian Water Limited allows the Charity to use their office space and provide PR and marketing support and do not charge the Charity for the costs. This gift in kind has an estimated value of £25,149 (2024: £23,954) for the year which is included in income and expenditure within the Statement of Financial Activities.

Northumberland National Park Authority The Northumberland National Park Authority is related to the Charity by virtue of being a member organisation and made contributions to incoming resources of £Nil (2024: £Nil) in the year.

The Charity has incurred costs from Northumberland National Park Authority of £Nil (2024: £Nil).

Northumberland Wildlife Trust

The Northumberland Wildlife Trust is related to the Charity by virtue of being a member organisation and made contributions to incoming resources of £Nil (2024: £Nil) in the year.

The Charity has incurred costs from Northumberland Wildlife Trust of £Nil (2024: £Nil).

The Northumberland Wildlife Trust has provided support for the 'Building Capacity and Resilience' at Kielder project and support on natural heritage activities through its living landscape manager. It has not charged the Charity for these costs

This gift in kind has an estimated value of £Nil (2024: £Nil) for the year which is included in income and expenditure within the Statement of Financial Activities. At the balance sheet date the amount due to Northumberland Wildlife Trust was £Nil (2024 - £Nil).

Visit Northumberland

Visit Northumberland is related to the Charity by virtue of common officers. The charity has incurred costs from Visit Northumberland of £1,680 (2024: £2,410).