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, Tn*e
Mr Graeme Turley. Trustee and DIr￿T
Mr Patitk John PoJue. Trustee and Director (resigr￿1 9 Novemb8r 2020)
Mrwilliam Mtc**l 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 o*Gtives
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 reduc*d 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 overt*ath 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 Tru*ees elgc*ed 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 str*hen 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 as*xaated c*ganisatiorts 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 princA*s 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 e*ined 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 regi*rgd 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
apptic*de 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 ass*18ss their resKlud value
er their estU)￿ted useful llves, uwng the straight4ne metlK
Lon*term 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 F*s(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 incurr*J (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