Company Registration Number: 07411826
Charity Registration Number: 1142865
DESBOROUGH COMMUNITY DEVELOPMENT TRUST
FINANCIAL STATEMENTS AND REPORT
FOR FINANCIAL YEAR ENDING
ST
31 DECEMBER 2023

DESBOROUGH COMMUNITY DEVELOPMENT TRUST
(A Company Limitsd by Guarantee)
FINANCIAL STATEMENTS AND ANNUAL REPORT
FOR THE YEAR ENDING 31 DECEMBER 2023
Name:
Desborough Communty Development Trust
Company Number:
07411826
Registered Charity".
1142865
Registered Office:
50 - 52 Station Road
Desborough
Northamptonshire
NN14 2RS
Director3:
lan Anderson- Chair
Belinda Humfrey
Carole Rowsell
Shelagh Hodder- (Secretary)
John Hodder
Iris Jones (resigned 5 May 2024)
Helen Womer
Bankers:
The Co-operative Bank
P.0. Box 250
Delf House
Southway
Skelmersdale
WN8 61A
Independent Examiners: Brenda Peers-Ross
29 Drrft Road
Selsey
Chichester
West Sussex
P020 OPW

DESBOROUGH COMMUNITY DEVELOPMENT TRUST
(A Company Limited by Guarantee)
FINANCIAL STATEMENTS AND ANNUAL REPORT
FOR THE YEAR ENDING 31 DECEMBER 2023
INDEX
Page
Legal and Administrative Information
Report of the Directors
Independent Examinerfs Report
Statement of Financial Activities
Balan￿ Sheel
Accounting Policies
Notes to the Accounts
10-11

DESBOROUGH COMMUNITY DEVELOPMENT TRUST
(A Company Limited by Guarantee)
FINANCIAL STATEMENTS AND ANNUAL REPORT
FOR THE YEAR ENDING 31 DECEMBER 2023
Page 1
Structure, Governance and Mana9oment
The trust is a company limited by guarant￿. registered in England, No: 07411826 and
registered Charty No.. 1142865 and is constituted under Memorandum and Articles
of Association, dated 22 September 2010.
In 2016 the accounting reference date Ivas changed to 31 December wth both
Companies House and the Charity Commission.
New trustees are appointed from the membership of the Desborough Community
Development Trust (the Trust) by the existing trustees after being nominated by a
trustee and an interview pro￿sS. wtth reference to the govemance document. As
members new trustees are familiar Y￿h the aims of the Trust and therefore the
induction is an infomial process where they are encouraged to spend time wtth the
Chair and other trustees to understand the fomial workings of the Trust. They sign up
to the coJe of conduct which details how a trustee shoukl behave when representing
the trust and have access to all the board meeting minutes and other trust
documentation, including financial statements to gain further insight. Any questions
which arise are answered as and when required by the Chair and other trustees.
Feed back from new trustees is incorporated into the induction prO￿s.
The Board of Trustees (of which there are up to 9) m&t monthly and are responsible
for the strategic direction and policy of the charty. At present the board consists of
seven members from a wide variety of professional backgrounds relevant to the work
of the Trust.
Objectives and Activities
The Trust's objectives as set out in the objects contained in the company's
memorandum and articles of association are to:
Promote public benefit through regeneration of Desborough by creating training and
employment opportunities by the provision of Workspa￿ for use on favourable terms,
providing training and retraining (particularly for the unemployed) through courses and
work experience, and by the provision of advice and assistan￿ (financial, technical. or
business)-
Maintain and provide public amenities, where possible through the preservation of
locally important historic buildings, support local groups in whatever way possible to
benefrt the town.

DESBOROUGH COMMUNITY DEVELOPMENT TRUST
IA Company Limitod by Guarantee)
FINANCIAL STATEMENTS AND ANNUAL REPORT
FOR THE YEAR ENDING 31 DECEMBER 2023
Page 2
To improve and support the town to be a vital and foNrfard-looking place where people,
residents, and visitors alike, want to be. The trust will work to encourage a robust local
economy in an inclusive community.
To achieve these objectives, the strategic aims and related activty areas of the Trust
are to=
Consult and communicate with residents and stakeholders
Enable the provision of communty servi￿$ and facilities
Ensure sustainable town ￿ntre regeneration
Develop social, economic. and environmental initiatNes
Public Benefit Statement
The focus of the Trust's work is to provide a community anchor to which other groups
and individuals can apply for grants, assistance, and advice.
Achievements and Perforniance
The Trust continues to attract new volunteers, and has a good record of retaining
volunteers, all of whom do a magnificent job of manning the shop. pro￿SSIng
donations, cleaning, and helping customers in any way they can.
We have continued to make furtkEr improvements to the shelving in the shop and have
added new smoke alanns.
We continue to provide opportunrties to young people to gain work experience in the
shop, and to provide a safe and welcoming work environment to all our volunteers.
Their contributions, and those of our donors. are rewarded by the knowledge that their
efforts are supporting many more people in our community
Financial Review
Trading has now retumed back to pre-pandemic levels and 2023 has proved to be our
second-best year ever for sales. The work of the organisation continued with grants
being offered and assistance given to those in special need of our help.
The Trust has awarded grants totaling £23,520 to 21 communty groups and 3
individuals in need in Desborough during 2023. We have begun to pay some of the
regular grants that were previously delayed due to COVID.
The purchase of the shop has been frustratingly slow, largely caused by long delays in
getting the property recorded on the Land Registry. We continue to work through these
delays where possible. Meanwhile, we continue to increase our cash reserves to
ensure that we have sufficient funds to purchase the property, and then to refurbish the
flat ready for letting.

DESBOROUGH COMMUNITY DEVELOPMENT TRUST
(A Company Limited by Guarantee
FINANCIAL STATEMENTS AND ANNUAL REPORT
FOR THE YEAR ENDING 31 DECEMBER 2023
Page 3
Governance Policies
We are continuing to review and develop our govemance policies to reflect the current
legal requirements and to ensure the highest possible standards in the way the Trust is
run. The Trust is progressing well with completing a Disclosure and Barring Service
(DBS) check for each of the trustees and volunteers to ensure that effective
safeguarding is paramount wtthin the organisation.
Plans for the Future
The Trust has continued to make slow progress towards purchasing our Shop
building and the flat above. The money that was previously spent on paying rent to
landlord will now be used to make the purchase through a bank loan. The flat will be
refurbished and let out to provide an additional income stream. This will also allow us
more freedom to invest in improvements to the building to improve the shop and to
save money on running costs through insulation and more economical heating.
The 1940s Day in September, and the Gala Night in November, both help to promote
the shop and each year we see a surge in business. We are looking at how we might
have similar themed days earlier in the year.
The Trust is planning to refurbish the exterior of the shop arKI to make essential repairs
to the shop frontage during 2024.
Reserve8 Policy
The current reserve policy is to maintain sufficient cash flow for known commitments,
and the replacement of certain assets.

DESBOROUGH COMMUNITY DEVELOPMENT TRUST
(A Company Limitsd by Guarantse)
FINANCIAL STATEMENTS AND ANNUAL REPORT
FOR THE YEAR ENDING 31 DECEMBER 2023
Page 4
DIRECTORS, RESPONSIBILrriES IN RELATION TO THE FINANCIAL STATEMENTS
The directors are required by company law to prepare financial statements for each
financial year, which gives a true and fair view of the financial activities of the company
and of its financial position at the end of the period. In preparing those financial
statements the directors are required to..
Select suitable accounting policies and apply them consistently
Make judgements and estimates that are reasonable and prudent
State whether the policies adopted are in accordance with the Companies Act 2006
and with applicable accounting standards and statements of recommended practi￿,
subject to any material disclosed and explained in the financial statements
Prepare the financial statements on a going concern basis unless it is inappropriate to
presume that the company will continue in operation
Make themselves aware of any infomiation relevant to the audit, establish that the
company's auditors are aware of that infonnation and that as far as the directors are
aware, there is no infonnation relevant to the audit of which the company's auditors are
not aware.
The directors are responsible for keeping proper accounting records which disclose
with reasonable accuracy at any time the financial position of the company and enable
them to ensure that the financial ststements comply with the Companies Act 2006.
They are also responsible for safeguarding the assets of the company, hen￿ taking
reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by the directors at a management meeting held on 18 September 2024,
and signed on their behalf by:
lan Anderson
ChairlDirector

Br•nda Peers-R088
29 Drift Road
Selsey
Chichester
West Sussex
P020 OPW
Independent Examiner's Report to the Trustees of:
DESBOROUGH COMMUNITY DEVELOPMENT TRUST
Reglstered Charity NUm￿r. 1142865
I report on the accounts of the company for the year ended 31 Oecember 2023 which are set out
on the attached pages 6 10 11.
Respective responsibilities of trustees and examiner
The Iruslees (who are also the directors of the Company for the purposes of company lawl a
responsible for the preparation of the accounts. The trustees cOns￿er that an audit is not required
for this year under Part 16 of the Companies Act 2006 (the Act) and that an independent
examination is needed.
Page 5
Having sabsfied mysew that the company is not subject to an audrt under company law and is
eligible for independent eXaminat￿n, rt is my responsibilty to".
examine the accounts under section 145 of the charib.es Act 2011..
follow the procedu￿5 la￿ down in the general Directy"ons given by the Charity
Commission {under sectK>n 145151(bl of the ACL as amended," and
state whether matters have come to my attention.
8a$is of independent examinerfs slatement
My examination was carried out in accordance with general Directions given by the Charity
Commission. An examinab.on includes a review of the accounting records kept by the charity and
a comparison of the accounts presented wrth those records. 11 also includes considerab.on of any
unusual Items or disclosures of the accounts and seeking explanations from you as trustees
concerning any such matters. The procedures undert2ken do not provide all the evidence that
would ￿ required in an audrt, and consequenuy no opinion Is given as to whether the accounts
present a "true and fair vM¥," and the ￿pOrt 15 limrted to those matters set out in the ststement
below.
Indopendent Examinerfs statement
I have completed my examination. I confirm that no matters have Come to my attention in
connection with the examination yiving me cause to believe that in any material respect..
accounting records not kept in accordance with the Companies section 386
of the 2006 Act.. or
the accounts do not accord wth these records". or
the accounts do not comply wrth the accounting requirements of section 396 of
the 2006 Act other than any requirement that the accounts give a 'true and fair
view. which is not a matter considered as part of an independent examination. or
the accounts have not been prepared in 8ceordance with Ihe methods and
principles of the Statement of Recommended Pract￿ for accounty.ng and
reporb'ng by chanties appI￿ab￿ to Charit￿s preparing their accounts in
a￿OrdanCe with the Finanoal RepO￿"n9 Standard applicable in the UK and
Republic of Ireland IFRS 1021
Brenda Peers-Ross FMAAT, ACIE
27th September 2024

DESBOROU
MUNITYDEVELOPMENf TRUST
(A company￿MIt￿d By Gu8ran188)
P8g• fj
srAfEIIENT OFFIIIAIICIAL ACTM7IES
FOR THE YEAR EIIDED JI DECEAI8ER 2023
Compony ￿￿￿￿or.
07411828
2023
2022
L)Onal￿)$
Chanlable Actr¥ib8S
Invests￿8ftts
1.034
fI).C￿5
65,T16
1,493
65.716
1.493
61.183
61.183
Expondltvm on."
Raising Funds
Charitobb
Other
46,166
46.166
38.238
38,238
Tot•lE¥pendilurn
Trnnslerb8h¥Een
NetmOVeftw￿ offvnds
22,782
22,782
22,945
22.945
Total Iu17dsl)muglitforward
131.707
131.707
108.762
108.762
Tot•1 funds e•rrfodfonw•rnT
154489
154489
131.707
137.707

DESBOROUGH COAIIIUNITY DEVELOPMENT TRUST
(A Company Limiiod By Guarant881
BALANCESIIE￿As A T31 DECEMaER Z023
¢thn￿nY Number:
07411826
Z023
2022
Flx•dAssets
Cuff8ntAssets
Debtors
Cash atb8nk 8nd ￿ h8nd
2.415
2.415
159.738
f59.T38
139.421
139,421
Amounls
*711wn on8 ye8r
5.249
(5.249)
714
17.714)
714
17,714)
(5.249)
N•tCvn•ntAssets
131 707
131707
NET ASSETS
131 707
FUNDS
Tgt•l
2023
i￿.489
Tolal
2922
131.7Q7
Unr8slrict8d fvnd8
Restrict8d
154.489
131.707
131 707
131 707
sectKn 477ofÈhe Att2f
(i? the memb8rshev6 nc4 mq(Nr•dthe •ytD r￿4￿¥ clits •xvJrtstsllJ8
0)mp8n￿$ ¥vrthin th8 Art2r
Approv8d by lh8 Bo8rd of Trust8es at8 Man•J8￿ntn￿Iry h8fiY CYJ 1811> Se￿n￿2024. OnLI
S￿Tr8d on th8ir b8h81fby'
Ian Anders

DES80ROU
OMAIUNifYDEVELOPAIENT TRUST
IA Company tsmrteLIBy Guar¥nt6eJ
FOR THE YEAR ENDED 31 DECEMPER 3W23
Th8 fin8n¢￿ISt8t8rnSnIS oflh8 Cwpany. L¥hKh Is opuNrbenefft enty underFRS102. have be8n
p￿pa￿a underlhe htsloric8lG&st conv8nbDn 8nd in ￿￿(lanc¥ Cwn*sAd 2006 and Ihe staten￿nI
ofR8cornm8nd6d Pradico S0RP(FRsI￿￿J Isl O¢trAw2019. 8Ff4K8bl8 UK ACcy￿￿ting Standa￿$
and Ihe Chaiili6s Act2011.
Th8 companyh8S taken 8(fvant6￿ orth&m)￿s￿$ olthe CThwiesAct 2(￿andp￿Sentsd an income and
expenditur8 8ccount in lh8 fL¥m of a Stat6mgni of FinwKralA¢&wi*s tyj ts hVDunds thatiten8t￿8S Ilre )fn8ni
sl8f8ments to sh(wa anLI fèir vitiwoflhe Trsultfyltsye8r.
Fund•¢¢oundng
G6nernl funds a￿ unr881nct8d fvnds Lthich 8V8fflabl8 fvusg at th"scYgtK¥J ofthe &)&￿ ol Trnstees in
Putposes.
Deswat8d fvnds unTrStri*￿1ffu￿IS that￿8￿ Lwi selèsth by the Boanj OfTwsleas forpaitthlar
pUryA￿S. Th8 8im and L¢se of d8swnat8d funds is set Lxrt fft)tes to Ihe financial Slat￿nts. Re8triGted
funds funds w¢Jich 8rB to i* u$6din aOx*da￿e restr#*K￿ts by lh8 donors or whth hav8
InC¢￿ing rnsovrt•s
Volunt8ryirtome &nd donalN)ns a￿ rncluded M? ￿$￿r￿S **Jen tsygre r8ceivable and the anx)urt
C8n b8 quantffj8d TrasJnabl8 6￿Ul&Y. Gtsnts am broughtinto acc(wnl ftpceivable babrys.
All 8xfy8ndtiure is 8CCOUnt8d foron 8n 8crruals ba￿ 8rnlhas t*en cla5sffj￿l underlwthngs thataggwat8 allcosts
relaled to the ￿te￿y. Exp8nditurg is st8t8dm￿lU￿￿O of v8lue t8X.
T8ngib18 Fix8dAss8ts forL¢se by lh8 Chanty aTr cyt4lis8d rflh8ycan b8 th8n cost 8t
188st £300, Ih6y8r8 valusd al cY)st.
D8pr8that￿ is cèkulgt6d to ￿rte Ltyo tx)sl (*valuatvyJ of011 tarw fix￿1 assets 8x6W)￿eh0{d 18ndby equal
annual1nstal￿￿ts over lh8 USeft￿lI￿$. sweralty aWKable aTr.
Cryt&requjp￿n % per8nnum on cost
Fix1u￿5 and 59 % perannum ￿ cY)st
Intangible income, in tt)e fom ofdonat8d ènd Voluntary1￿ 8tC., 15 ￿￿tInc1￿d fft18noalstotements
n¢e itis not considerndwacbcèble to quantsfysudj incL¥ne.
R18k
The DireCto￿r￿ of Trnsl8&s do not bel￿¥? lh8 Lwis81ft)n ts suwtlo any Svbstantsaliisk
Ihose disdosed fft Ihe Annu&lReK¥xtand Acwunts.
The org8nis8tson h8s insL¢f8nc8 los¥otfjdJtin the ¢as& of a da4n.

80ROUGH COAIMUNITYDEVELOPAIENT TRUST
IA Cofflp8ny ￿Mrte08Y Guawtee)
IIOTES TO THEACCOIJNFS
2022
65,
59,541
Fundrnsing
372
3T2
- R8nbR81es
SITop. H88t & Lyht
SlJop- Water Rates
Shop- EquipThnt
Shcp. Prcperty R&M
. InsurarKe
10.843
2,232
238
2,1&3
10,843
2,232
238
2, 183
130
10,601
1,6Qi
203
1,023
779
gTI
816
559
16,086
50T
Slry- Gtsneralexpen￿s
Don8lions lo ¢*hergroups
S1&1wry/Telepl￿￿S
23.520
672
23.520
672
Insur8rKe
Events expens85
Legal 8ndProlÈss#￿If8OS
87
1,295
182
1.240
1,419
Olh8rExpenses
Governance costs
Ind8P8ndent ExaminalKVTr
2,015
2,015
360
540

DESBOROUGH COAIMUNITYDEVEL
ENT TRUST
IA Company bmrt8é By Guaranleej
Pwfo
1107ES TO THEAccO￿lYS
14monJ
2023
2022
Cost
TLX)
1.3CXI
A&11(￿$
sals
7C
7CX)
C*m8d fforwarLI
PhtBoo* V*lu•
B818nc& at 31.1222
Balw)ce at31.12.23
2022
1.040
1,040
2464
Trade
Accruats
(4.488)
61
(4,488)
61
(6.932J
782
2023
8alance
B•l•n¢•
31.12.23
01.01.23
131.707
131 707
68.948
46 166
154,489
2022
.￿.22
Jf.IZ22
UnmstnGted fund¥
108 762
61 183
131707
331707

DESBOROUGH COMAIUNITYDEVELOPAIENT TRUST
(A Corno8nyknwrted By Gu8r8nt681
NOTES ro ThEACCOUNTS
zo
Bal8n¢e
01.01.23
bett￿en B•lanc•
31.12.23
2022
B•l*nce
01.01.22
31.1122
R•l*tsd Party
There are no relabj trar6acknB C￿￿￿t)￿r or In 2022.
al lh8 frDntof Ihe fin8ncialst8t8llWts