2021-07-31-accounts

Rogistered numbor. on29283 Charity nUm￿r. 1144672 REDCAR DEVELOPMENT TRUST (A company Ilmlted by guarantee) UNAUDrrED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2021

REDCAR DEVELOPMENT TRUST IA ¢ompany Ilmlted by guarantee) cotr¥rENTS Reference and administratlv• detalls of the Tnisi its Trustms and ad¥l8ern Trustoes. r•port Indopendant examlneffs roport Statem•nt of flnan¢W athlt1¢8 Balance sheet 9-10 11-21

(A ¢ornpany Ilmltod by guardntso REFERENCE AND ADMINISTrATIVE DETAILS OF THE TRUST. ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 JULY 2021 Mrs Margaret W￿e5, Tne Mr Graeme Turley. Trustee and DIr￿T Mr Patitk John PoJue. Trustee and Director (resigr￿1 9 Novemb8r 2020) Mrwilliam Mtcl Smith. Trustee Dir&r (resigned 9 N<>vember 2020) Mr Nel 8althvin. Trustee and Director Mrs Gale. TrLFSteè and Direclor Miss Anna cathwI￿ TUW. Trustee and Dlrer*or {resig)gd 20 octob￿ 2020) Company registered number 07329283 numb•r 1144672 Coatham Memoiial Ha TS10 1RH Company secrEtary Mts M￿a￿et Wales Indopendont oxamlnor H O'Driscoll FC Wallons Business Athiisers Limited Maribme HCA￿e Harbourwalk The Martna TV24 OUX Pagg 1

REDCAR DEVELOPMENT TRUST company limited by guarantee) TrUSTEES' REPORT FOR THE YEAR ENDED 31 JLLY 2021 The Trustees present their annual report together wtth the financial statements of the TTUSt for the year 1 August 2020 to 31 July 2021. The annual rewt serves the purposes of bolh a Trustees, report and a directors. report urKkr company law. The Trustees confirm that the annual repJrt and financial statements of the charitabl8 company comply wilh the current statutory requirements. the r4uiTements of the charilable corryny's governlng dcument and Ihe provishins of the Statement of ReLommended PrnCt1￿ ISORPY app&Cab￿ to tharities preparing their xcounts in axordance wtth the Finandal Reporong Standard applicablo in the UK and Republic of ireiand IFRS102) {effeciNe 1 January 2019). Since Ihe Trust qualifies as smal undw section 382 (rf the Co￿anieS Act 2006. the strategic report requlred of medium and large ¢￿panIeS under the c￿leS kt 20￿ {Strategic Report and Directors. Rel￿) Regulations 2013 has been (Imi￿. Th8 Tru8t al80 tr$ un(krthe RDT. OBJECTNES AND ACTMTies • Activities undertaken to achleve oGtives Th8 m8in activilw of the Trust in Ihe year to further its ￿￿e[IN8S and promde Nknltc bgnefft Indud￿.. Using Coathan Mwftorl81 Hall to SEWJt c{￿unty ￿ so¢yal welfare g￿pS by hiring out the H8N. The Hdl ts in the heart of Redcar and i% a beautrful historic building maintained by the Trust It has disabied access and facilities. a fulty equlpp&J kitthen. slage aThJ the to operate as a bar. The Trust has established relationshlps with local nutsing homes. social. vdunlary arKI pUbr￿ sector groups. resuitsng in rewlar and rppgaling Lrfthe HalL Running the 8cbvilJes aNI rK4ecls desca*￿ al￿e hdped benefit the pe(¥19 of Redcar and thè wJrroundtrvJ In carrying out these adivities the Trustees have complied with the duty in 4 of the Charilie5 Act 2011 to have due regard to the public benefft guidance issued by tha CommisstorL Page 2

REDCAR DEVELOPMENT TRUST IA company knited by guarantse) TRLISTEES, REPORT (COPrnNUED) FOR THE YEAR ENDED 31 JULY 2021 ACHIEVEMEpifs AND PERFORMANCE • Rgvlew of actlvltles For most of the period under rvdiew, the Trust was under either regior￿1 or national lOckdo￿S vknich inpa¢ted its ability to continue with its est￿)￿She1j aclp4itses during the year and it continued to work on its poli￿e8, governan￿ gnd fvnding POT When reslrictrons altowwj. along with grant funcftng and do￿thns receiveAI in the year. the Trust was abta to use Coatham Memortal Hall to host Intetgenerational DaJE for the L4der reS[d￿ts. Encluding refreshments and entertainment, supported iry younger Voluntee￿ A pmiously introduced 5 day a week progrdmme for the Also. wthen rèstricbons allow￿, the year saw the continued deveh¥ment of the events prcgramme run from Coatham Memortal Hall. hire of the hati to th￿ parties for music events. weddings and c￿aS1O￿$ such as birthdays. These events hdp fvnd Coatham Memorial Hau's Intergenerationd Days arbj outreach sessions as As thè lOd(do￿￿ restricticms reducd from April 2021, VR vRre able to slthyly offer our activities and when in July 2021 the majority of reStrKalo￿ were remov￿ able to offer full use ofthe hall. but adhering to guidanc8 around social ths1a￿ng. mask usage, and san1121b￿. We have canied out another proioct rwsiry some sw to create a snall café This is able to be u￿j by th8 general public as 8.drop in. caf& The year a conlinued inprOvem￿l from a ThHn0gen￿nt aKI governar￿e a6peL aKI the year ended 31 July 2021 wilt show a continued devebpment on these aped5 WTth a business plan eslabltshad in January 2015 driwng foThvard the fows of the Trust and the Trustees. The business Flan wa5 originally a fve year plan and thi8 will b8 rav￿1¥8d aThJ u￿jated during the year to Juty 2021 In line with the preViOL￿ year, thwe is bss ￿lIan￿ on dorthrK8 as the Trust has grDYm its events off8rtng5 which is ￿ line with the objecti¥Bs of becoming self susF2inth as and when this was rAxsble. The Trust wag in the final round of ap￿C￿￿On for the fvnding for the devdopment of the building from BHJ Lottery. Thi8 ¥ras secur&1 in Oca0b￿ 2019 and the final retenti￿ to the contraclor w reEeased in January 2021 • InvoFtsnMt polky and perforrnan¢• The Trust has op￿ated wlth Ilmited reseNes and all funds are cuThenty hekl in a current account Pgge 3

REDCAR DEVELOPMEKt TRUST {A company limlted by guarantee) TrUSTEES' REPORT {cotrmNUED} FOR THE YEAR ENDED 31 JULY 2021 FINANCIAL REVIEW • Golng Gtsncern After making appropiiate ￿ulTIes. Ihe Trustees hwe a reason8ble exp&￿at[On th the Trust has adequate resources to continue in operational e￿nce for the foreseeable For this reason. they continue to adopt the gouig contsm basi5 in prepariry the firrancial sialements. Fwlher dgtads r&3arduw the &loptv)n of the gofftg concem ba$ Can be found in th8 accounting policies. During the period. ￿ made of the furfough scheme and P￿￿d the staff on furlwgh. As reststions eased they retumed uThJer fiexible worknng. The bounce back Icon we t{￿k out tn August 2020 remains on deposit unuse(L At the repojting dat< the Trust retains a heahhy cash position, with the Tntst having paused athity and all of th8 BC￿nce B& loan rernaining unused. Tr Trust also has ￿ agreed payment pian in place to repay its debt to th8 1¢)cai authority over a period of 6 years. The merfium to long term strategy of the Trust remains the 8am& as oullined aLY>ve whw navybng Lxrt of COMtk19 watw& Tha Tru8t re(ronk8as the need to maintatn &ts4uate reseNes it i8 the Tntsf8 aim to have a reseNes poliGy a target level of around £5.000 to help tuwards its day to day operational CC>sts. The Trust shalt use arry su￿u$e9 that e ￿t resfrthd by its sourco t￿WardS its target level. At 31 Juty 2021 there i8 a def￿1t on UnrestrIrt￿ free re￿e8 of£14.568. Exduding the bL)ng tem) h'abiliknes. a Coronavlrus B￿nce Back loan and other long term Ixeditors, there a surplus of £29,413. The Trusys focus over the next 12-18 months is to gerwate Unrestri￿ reseNes. Thls Is to te done by generatiNJ more revenue from hire of the Ha]1 and increawng the ￿ular r2kndar of music events, parties and we(klings after a couple of Succes￿ Irth. The Twst is th looking at other rypNtunibe5 for tho Halt. Follwing the success of the outreath work that stsrted in the prevh)us the year the Trust aims to build relationshi)S Vlryth the local schcyjls and has regular visits rolling (Art the cMJlreach programme. The Trust has a 25 year lease on a peppe￿)M rent for Ihe Hall with Re(h2r and Cleveknd B￿h Council. Under this lease the Trust is reSpon￿l)le for the upkeep of the pmpety and therefore the TrLLSt continues to aim to set up a '$inking fund. in the next 12-24 month& fund will te ￿ed to fund future costs incurred vthh maintaining the Hall and ensuring sustainability to cover overtath for the long teThn future of the Trust. A grant for a major refvTtrfshmentwas recaiv•J in Oclober 2019. • Re8uIts Funding In the ye* vras rÈceiv&J from Ballinger Charitth TN8( a wnal number of event4 the use of the café. the Job Ratentton Grant Scheme fund and auth￿ covhl grant& £26,616 was recewed from the Big Lottery for the refurbishment of Coatham Hall whkh was ccfflpleted tn the year. Full deta￿S of how the funds have Swt can be fcmjnd fft note 10 to the financAI statement from £257,399 to £254.800, of whth £269,368 is held as fixed asse￿ meaning there is a deficit on froe reserves of £14.568. Exduding the long term liabflitb2s there is 8 suwus of £29,413. Page 4

REDCAR DEVELOPMETrif TRUST (A company lknlted by guarantee) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 JULY 2021 STRUCTURE, GOVERNANCE AND PIANAGEMENr • ConstI￿110n The Trust is w[ster￿1 as a chaiitablg compary llmfted by gwants8. con8dW under a Memorandum L Asswation and is a regislered charity number 1144672. The Trust charits￿8 slatsjs ￿ frknverrtjer 2011 wilh its obiecfve to improve the qualty of life for peoFAe In R&Jc2r and the surroundiThJ area thrO￿h the provish)n of leisure recreational opportunrties and social wewwe knlibe& It has adopted the strap fine'Hetyng P&Jplè Help Themth.. In the event of the Trust ￿ng t¥>. rnwnb9￿ are rwwed to o)ntribule an a￿￿Unt not exceedk)g £1. • IAethod6 of appolntment or ele¢llon of Tru8tO08 The rnanag￿￿nt of th8 T￿￿ is the respon• of the Truees elgced and ur#Jer tha The Trust is governed lry Trustees and managed by the Executi managIr￿ Diractcff. Frankie Wal•& Frankie reports to the Trustees fom1811y at b￿Monthty Trustee meetings but due lo COVID-19, tomial reporting has been placed on hold. There k% constant c£Smmuni￿tsO￿ I￿08n key Trustees. The board of TTUStees is constanty being raw6w&J so have effe¢bvene86 all areas enabling us to delNer our Strats￿. Or ThÈs w8s the eleventh year of the Tn￿1 cyraknng we as Trustees conlinue to look to strhen our board and iruease our knowledge of the Trust and Frankie'8 alms for the Trust Frankie c4Jntinues to be excellent at nelworking and drumming up supwt for the TntsL Through his hard wc¥k Iwihjing relationships behveen local peoplé and busine88e8 wih the TNst we get requests tojoin the Trust as members and Trustee& Tha Trustees consider the person and or ￿sirEsS for strengths can bring to the Trust and dotemine their recrUkn￿nt and or aP￿lntrnent from these. PLANS FOR FUTURE PERIODS Tho future ofthe Trust is Ic#thrKJ pogtrm with the woin obie(ves forthe year belng: Rebuild functl¢)ns and avents ppdine n(yN the hall has been refuthhe To increase our fvnrfng porWoS9 and cTrate more re81 chancas for people of Redc8r. To rnntinue vthing Ymh tocal emW and asxaated cganisatiorts to he4) tha underand unemployed pec of Retsrand the suwourvSTr3 are As a Ck￿ng slatement the Trustees )h￿Id Ike to th8nk FrankE Wales for his ￿ntinuIng h*d work and commitmentto the TrutsL Page 5

IA COTnpany hited by guarantw) TRUSTEES, REPORT {COPrnNUED) FOR THE YEAR ENDED 31 JULY 2021 STATEmE￿r OF TRUSTEES, RESPONSIBILfTIES The Trustees are aEso the dir￿7[8 of the Tnjst the wry)08es of c4)M￿nY E•N) are responsble for preparing the TTUStees' report and the ffinanciat State￿It$ in wilh applicable law and Unitgj lfjngdom Accounting Standards (Unlted lfjngdom Generalty Acwted Accounting Practice). Company law requires the Tntstees to prepare financial ststements for each financial . Undgr company law, tho Trustees must not approve the financaal statements untess they are satisfied that they give a tnjè and falr ￿eW of the State of affairs of the Trust ￿ of its incA)ming resour￿ appl￿t￿)n of resources, includlng its income and expenditure, for that perio¢1 In preparing these financial stat￿nt8 th8 Trusta8s are required to: Select Suitable &c4JuntiThJ pollix and appty them cOns￿tenty. ctherve the methods arbd princAs of the Charibes SORP (FRS 102). make judgments and accounting estimates that are reasonable arbd wudent state whether appr￿ UK Accountiig Standarts {FRS 102) have been fd1ry4ved, sul¥ect to any material departure8 1SsckJsed and eined in the financial statements; epare the financial statements on the g)ing concern ba¥is unkn it is inappropriata to presume that the Trust CL￿tinUe in bus1r￿% The Tntslees are resFOns￿Ie for keeping ad4uale xo)unting re¢xrds that are sufficient to shcw and explain the TTusVs transacti(￿ and ¢fwlose with reason* accuracy at any time the financial posltlon of the Trust and enable them to erwrg that the fina￿la1 statwnents c4ynpty wtth the Companies Act 2￿. They ar8 also responsible for safeguarthng the assets of the TnL%t for r￿1)nth steps for the prEvention 8nd detection of fraud and other iTregularrtE& Approved by order of the members of the boa￿ of and si￿9d on thew b8hall by: Mr Graeme Turlay Date. 2LlcNt12o2 Pago 6

REDCAR DEVELOPMENT TRUST

(A company limited by guarantee)

INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 JULY 2021

Independent examiner's report to the Trustees of Redcar Development Trust ('the Trust')

I report to the charity Trustees on my examination of the financial statements of the Trust for the year ended 31 July 2021.

Responsibilities and basis of report

As the Trustees of the Trust (and 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 Trust are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the Trust's financial statements carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the 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:

1. accounting records were not kept in respect of the Trust as required by section 386 of the 2006 Act; or

2. the financial statements do not accord with those records; or

3. the financial statements do not comply with 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

4. the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].

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.

This report is made solely to the Trust's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Trust's Trustees those matters I am required to state to them in an independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Trust and the Trust's Trustees as a body, for my work or for this report.

Signed: Dated: 27 April 2022

H O'Driscoll FCA, Waltons Business Advisers Limited

Chartered Accountants

Page 7

REDCAR DEVELOPMEtrrr TRUST {A Company kniited by guarantee) STATEIIENT OF FINANCIAL ACTivrriES (INCORPORATING INCOME AND EXPENDITURE ACCOUND FOR THE YEAR ENDED 31 JULY 2021 Total funds Tot81 nds 2020 fund8 funds INCOME FROM: ChaTitable acts%fjti8S other trading xtsvitses 67.148 4218 101,952 1218 321,328 TOTAL INCOME 70J66 105,170 321.328 EXPENDrruRE ON: Charitable aGts¥ities 14,588 99W1 114.169 8&839 TOTAL EXPENDrruRE 14,588 99A81 114.169 85.839 NEf iNCOMEI(EXPENDrruRE) 20.216 {26.616) {29215) 26￿16 1I999) 235.489 13 NEf MOVEMEKf IN FUNDS 16 (1599) lQ999) 235,489 RECONCIUATION OF FUNDS: Total funds brcwght fOr￿[d Net movement in fvrK£s 17,304 (6htyJ) 251,399 (￿99) 274,703 1&999) 39,214 235,489 TOTAL FUNDS CARRIED FORWARD 10,904 254000 265.704 274.703 The statement of finanGial ¥*vibes 81 gains and k)sses recO￿lsed in the year. The notss LM) pages 11 to 21 fomi part olthese financial sfatern￿ts. Page 8

IA c¢xnpany Nmfted by guarantee) REGISTERED NUMBER: 07329283 BALANCE SHEET AS AT 31 JULY 2021 2021 2tr20 HXED ASSErs TarvJble assets 269,368 244,643 244.643 CURRENT ASSETS Debtor8 Cash at bank hand 10 2,207 81,213 69,787 76276 83,420 CreCllto￿ amourts falwng due wilhin one 11 117J55 (&02n NET CURREKf ASSErs 58821 78393 Creditors: amounts faling duè aftw than ong year 12 (62,585) (4&333) NET ASSETS 26S,704 274.703 CHARITY FUNDS Restricted fijnts Unrestricted fijnds 13 13 10,904 17.304 257,399 TOTAL FUNDS 26&704 274,703 Page 9

REDCAR DEVELOPMEKf TRLIST IA Company Ilmlted by guarantee) REGISTERED NUMBEK" OTJ29283 BALANCE SH￿ {CONTINUEDI AS AT 31 JULY 2021 The Tnjstwas enlitlad to exemplion from audlt under #ion 477 c￿nIeS A£t 20C6. The members have not requir&J the (xmpany to obtsin an a￿t for ts year in wesknn in acccwdanca section 476 of Companies Act 2006. The Tru8t8es acknowtedgè thalr rèsponsblities for ccthptying wtth the requirements of the Acl with re5￿t to accountlng records and preparation of fmanciat Statern￿ts. The financlal statements h￿e been prepared In aC£C￿ wlth the provis>￿5 appwe to entities Subject to the smal &Jmpanies regime. The financaal slatsmentswere arpThed and aUt￿ls￿ issue by th8 Trustees and signed on their behalf by: Mr Graeme TuTIoy The notes on page5 11 to 21 forni part irf these frnctal Stataw Page10

REDCAR DEVELOPMEKf TrLIST (A ¢ompany ￿mIted by guarantse) NOTES TO THE FINANCIAL STATEMETrirs FOR THE YEAR ENDED 31 JULY 2021 GENERAL INFORMATION The Trust is a cLKnpany fimited by guarankn regirgd in Engknd and Wate5. The members of the Trust are the Trustees named on page 1. In the event of the T￿￿t K4wnd up, the l￿bIlitY in respect of the guarantee fimited to £1 per member ofthe TnBL The rOster￿￿ office ad¢ess i& Coatham Memorial Hau 7 Coatham Road Redcar TSIO 1RH ACCOUNTING POUCIES 2.1 B#818 of preparntloft of Ihb#nelal Statements The rYW￿01 Stat￿nents have been in acoydance with the Charilies SORP (FRS 102) - Accounting and Reporting by Charibes Statement of Recl)mmend￿j Piacbce applicable lo chgritiss preparing their aL)I￿nts in acLxirdance the Finanual Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021 (effective 1 January 2019}, the Financial ReP￿ting Standard appticde in the UK arKI Re￿￿ of Ireknd {FRS 102) and the Companies Act 2006. Red¢2r Development Tn￿t meets the definition of a pubfic benefft entity under FRS 102. Assets and abilities are initsally recognised at historK21 ctht or transaction value unless otherwise slatgd in the rebvant accoun￿ pofry. The Trustee& having made ¢hJo and cgr8fv1 enquiry. are of the cpin)n that the company has adequate funds to execute its OperatiC￿S over th& next 12 months. Th& Trustees have therefore made an infomwj juknent at the time of approving the financial statements, that there are no m8tefia] uncertanlies that cast iJyJbt upon the entivs a￿lity to conlinue as a going concem. As a resull, the Trustees have cont#lL*d to the going Conc￿ basts of accounting Sn preparwvJ the annu￿ financial statements. 2a In￿n• All income is rec(w3nwl On￿ the Trust has entillement to the income, it is probable that th8 income will ￿ received and the amount of inc4Jme receivable Lp measured reliably. 14 Exponditure Expenditure ts On￿ there is 8 leg81 ￿ 03n8tsuctive 0￿￿at￿n to transfer economic benefft to a third party. tl is prctth that a transfer of ￿nOmiC benefits will be required in 8etUenwnt the amount ofthe obfwi)n can be measutwl retiabty. ExW¢fi￿re on charitable aCbvit￿ is incurred on dir• unda1akiNJ 8cl1vit￿ whkh furth8r the Page 11

REDCAR DEVELOPMEKt TRUST crmpany limited by 9uarnntee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2021 ACCOUtinNG POUCIES (coKnNUED) 15 Tanglble flxed a88¢ts and deproclallon Tan￿ble fixed assets are inibalty rectyjnised at o)sL After recognrbon. urKler the cost model, tangible fixed assets are W￿aSUred al cost less ￿￿MUlated depreaation and any aCcumu￿t8d impaimient losses. All ca)sls in￿￿ed to bring a tsngible fixed asset into its intended Working Depr￿lation is tharged so as to alhjcate the c051 ￿ tarhible fvad ass18ss their resKlud value er their estU)￿ted useful llves, uwng the straight4ne metlK Lonterm lea$eh(￿d WOFwty - over 1(h26 yeaTS Office equiFyment - over 5 yea Computer eqUI￿n￿t .w3years Flnanclal Instruments The Trust onty has financ4al 888ets financtal liabiElies of a kind that qualtfy 8s basic finaThi81 i18truments. Basic finanual instruments are inlflally rec>JgnL8ed at transac*ton value 8nd sub8equenty measured at thew settl￿t value. 2.7 Fund •c¢ounling General fuTrls are furKls are avaikqble for use at the discretKJn ofthe Tn￿ee5 in furtherance of the general otriedtvè& of th8 Trust and Wh￿ have not begn daswJnated for other donors or whth have been raised by the TrL￿t particajtar purpow. The costs ot raising and Jministefing ￿ fvnts are thargeA apnsl the fund. The aim and use of eath restrithd fund is set out in the not8S to the finan¢ial statement& Page 12

REDCAR DEVELOPIIETr￿ TRUST (A company Ilmited by guarantsel NOTES TO THE FfNANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2021 INCOME FROM CHARrrABLE ACTivmES Total funds 2021 Total funds 2021 Grants & thnations Room donaknn¥ Events 4804 62,854 331 284,195 2,410 30,883 1.760 331 Get slarted with boying 67.148 lo1￿62 321.328 Totsl 2020 252,380 321,328 INCOME FROM OThER TrADING AcrivmES Ineome from non Gharllabi• trading activit Total fund$ 2021 Totsl funds 2020 funds 20 Cafe incomo 3.218 3.218 Page 13

REDCAR DEVELOPMEKf TRUST (A company Ilmfted by guar4nt¢•) NOTES TO THE FINANCIAL STATEMENrs FOR THE YEAR ENDED 31 JULY 2021 CHARITABLE AcnvmES Total fund8 20 funds funds 20 RDT events Repayment ofgrant Communty transport Bank (tharges Intergeneration Rewrs 8nd maitenance Telephone 8nd bro&Jb Insuran COVID-19 response 9.007 7￿77 1&733 147 857 2,838 976 2,591 4,217 BA82 3A76 17,261 4.601 ght and heat Water rales Office supFlies Wages and $81*les Depredath Bad debts ￿ltren off Independent examinatK Accourrtancy 17261 2,095 32.828 8,019 34.345 1&611 16￿11 1,3 1,660 IM71 1.871 2,845 14.588 99,376 113,964 85.839 Tots12020 20.6a3 IIDEPENDEpif EXAMINEifs REMUNERATION Fees payable to the Trusfs iThJependent exarriMfDr the iTrJepetht examination of the Tntsvs annual accounts 1.350 All other swiGes not W￿Uded above 1,660 Page 14

REDCAR DEVELOPMENT TRUST (A company Ilmlted by guardntee) NOTES TO THE FINANCIAL STATEUETr¥rs FOR THE YEAR ENDED 31 JULY 2021 STAFF COSTS 20 W8ges and 8alaiies 32.828 32.828 The average numb¥ of Fs(m employed Tr￿t during the yew was as folkxN&' 2021 2￿20 Adminlstrative and Manag￿nant Total remuneration paKI to kot personnel {exdu(frw Nl) w8s £12,421 (2￿20.. £12,480). TRLISTEES, REMUNERATION AND EXPENSES Durlng the ￿. no Tn￿ recelved any rawneralirA) or other benefits (2020. £NIL). During the y end&J 31 Juty 2(r21. ￿ Tnth eynses h￿e beèn incurrJ (2020. £NIL). Page 15

REDCAR DEVELOPMEKt TRUST (A company limited by guarnntee) NOTES TO THE FINANCIAL STATEMEKrs FOR THE YEAR ENDED 31 JULY 2021 TANGIBLE FIXED ASSErs Long40rn1 Iwhold Plant and propwty machlnery Total Cost At l August 21Y20 Addilions Disposals 2W16 41￿8 X190 272,506 41,336 17W) (7W) At 31 Juty 2021 26,642 305.996 D•prgclallon At 1 August 2020 Charge for the year On disposals 3.783 I2￿50 27.863 16,611 17.846) 4,061 ,846) At 31 Juty 2021 16 36,828 Not book value At 31 Juty 2021 6J47 269,368 At31 JufyW20 234.533 10,110 244,643 10. DEufoRS 2020 2.207 6A89 2.207 Page 16

(A company limited by guarantse) NOTES TO THE HNANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2021 11. CREDITORS: AMOLTh4TS FALUNG DUE I￿N ONE YEAR 20 2020 Boun￿ trAck klan Other taxatiM and s￿>al se¢urffti Other rJeditors s￿56 79 11.720 1,667 2,826 17A55 5,027 IZ CREDITORS: AIIOLwfs FALLING DUE AFfER MORE THAN ONE YEAR 20 2020 43.981 1&604 Other cr&lito The aggregate aThunt of fwbifths p8yabk• or repayable wholly or in part more than fiva years after the reportiro date l&. 2021 Payable or repayabl8 by instakn 25.963 8.333 2S,963 8,333 Page 17

REDCAR DEVELOPMENT TRUST (A company limited by guardnteo) NOTES TO THE FINANCIAL STATEMEpirs FOR THE YEAR ENDED 31 JULY 2021 13. STATEMEKf OF FUNDS STATEMEKf OF FUNDS- CURREKf YEAR Balance at 1 August 2020 Transfers Balance at Inlout 31 July 2021 Income Exwidknre UnroÈtrtct•d fuThdB 257A99 191081) 26M16 26481YO Ballinger charIt*￿ T[￿t Tasklorce Cororovirus Ccmyttnuntty Supwrt Fund Big Lottery Funding Bad( to Business Fund Donation tcAvards Covid-19 1.000 (i.ooo (1180 10,904 7￿20 17J20) 26.616 (26.616) (1988) 1500) 17,304 126,6161 10,904 Total of funds 274703 105.170 (114.169) 265.704 Pay18

(A Company Ilmlted by guardntse) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2021 13. STATEMENT OF FUNDS (coKfiNUED) 8alllnger Charltable Tn￿t Fun(fing tcvAwds the supwt of dury CovKk19 was spent on nmning intryierational Taskforco Thls funding h88 been rern4&J from Rethar and Ckvel8nd CcAJncil for maIntena￿e WOTk8 and to provide seasond supix¥t in parks aTrJ cygn spxes tn the area. £11,404 ofthe fundlng remains unspent *the year encL Big Lottery A grant has been al1rdr￿1 towwts the eDst of the refurf)ishment of Coatham HalL W0￿S have been carrted out to the Toof and strLthre of the buihjing in Ihe year arKI capitalrsgd. £26,616 of expenditure has b￿n incurred and tr8nsferr&l to unrgslrthd furKls, whore the improvemont Mvrks remain as ftxed as%ts and d￿￿ated overthe rematnirvJ lite ofthe lease on the buiklru. Back to Bu¥lDe86 Fund Grdnt received frc¥n the Tees Vaw Combined Authoiity ￿ to Business Fund towarrLs the cost of c(¥￿u￿¢Y whtth was luty Sp￿tt in the yw. Donatlon to Covld-19 responso Donation Tecwed was SFent on hanws to be pr￿d to SUPFWJt vU￿￿Oble wimunity mernbe Paye 19

(A company limited by guarnnte•> NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2021 13. STATEMENT OF FUNDS (CONTINUED) STATEMENT OF FUNDS- PRIOR YEAR Bala￿ at l August 2019 I￿oMe Expe Transfers Balance at li￿Out 31 July 2020 Unrestrlctod funds Unffjstrhaed funds 20.371 16&236) 231316 257.399 Restrlctod funds Ballinger Charitabte TnJst 1Z393 (12,393) (4&30J 8.764 8.384 coron￿lruS Communty Support Fund Blg Lottery Fundtng Tees Valley Foundation &3rx) 233.316 7.920 (233.316) (1.Ol￿) 1&843 25Z380 (20.603) (233.316) 17.304 Total of funds 39.214 321,Y28 (85,839) 274.703 11& ANALYSIS OF NEf ASSEfs BEfwEEN FUNDS ANALYSIS OF NEf A8SEfs BEfwEEN FUNDS- CURRENT YEAR Total fund8 2021 funds fund$ 2021 Tangble f￿ed assets 269J68 66A72 (35,959) (43,981) 269A68 76.276 (35.969) (43,981) 10 Creditors due wtthin one y Credilors du8 in more than one ye Totsl 10.904 254,800 265.704 Page 20

REDCAR DEVELOPMENT TRUST (A company lknlted by guarantse) NOTES TO THE FINANCIAL STATEPAETrirs FOR THE YEAR ENDED 31 JULY 2021 ANALYSIS OF ASSEfs BEtWEEN FUNDS (CONTINUED) ANALYSIS OF NEf ASSEfs BEfwEEN FUNDS- PRIOR YEAR funds 2020 funds 2020 2020 Tangll)le frAed assets Current assets Crethtors due within c￿e year Creditors (J8 in nvJre than one y 244.643 66,116 (&027) (48.333) 244,643 81420 (&027) (44333) 17.304 17,304 257.399 274,7a8 1& CONTINGEKf UABLmE8 The Tntst has received a grant of £253.573 from the BKJ Lottery Fund trAvards th8 cost of refurbtshing Cctham Hall. The final instatment of this grant was re(¢v￿ in Febnjary 2021. Thk8 grant agreement remains In force for a peric*J of 10 yeats and the grnnt may beo)me repayth ffth￿ is a b￿ath ofthe terns and conditi¢x% in this Pe￿ 16. CAprrAL COMMrrMENTS 20 2020 Contracted for but not provlded In theso financial Statements Acquisib(￿ tangiNe ftted ass 16,881 At the end of the wevlous financial year the Tntst had commltted to re￿￿1$hment works at Coatham Hall to the value of £16.881. The refvTbishment 7WJtks are complete and were funded by a grant frcth the BEg Lottory. 17. RELATED PAFYfY TRANSACTIONS Page 21