Ch•lty r•gl•tr*llon Nmb•r 1163955 Cthwiy r•gl•trAtk>n numb•r 06548122 {ETrgland & W•l•s) IA ¢omp•ny Ilmlt•d by gu•rant••) Lknthd• Communlty D•v•lopm•nt Tn4St i•port and flnan¢W statem Forth• y•ar •nd•d 31 VAr¢h 2025 LIBERDADE COMMUNrrY DEVELOPMENT TRUST CONTENTS P*9• R•ler8nc• 8nd admlnl¥Iralp￿ detslL Tru8tee8' Rok￿￿1 2-10 Independ&)t Auditors ReF•NI 11-13 Gonsolldated Slalement ol Flrond81 kbvit 14-15 Consolidaled Balance Sheet 16 Chartty Balance Sheet 17 Consolidated Cash Fltr* Statemwrt Noto5 lo the Consotidated FwwKio1 StatemBnts 19-34 LIBERDADE COMMUNrrY DEVELOPMENT TRUST LEGAL AND ADMINISTRATIVE INFORMATION (ResynBd 12 h4KiI 20251 A L Gc4dirwJ N FoThest S Rpley E J Denham MAGeff J Blackett L SrKr4wbal H Walkirbshaw D SollDrs (ApFThit8d 13 June 20241 (hppoiited 31 OL*A)er 20251 Company R•glItnth￿ Numb•r (W122 (Effj1a￿ & Wak88) Ch•rlty R•gl8tratlon Number 1163955 R•glst•r•d offk• Regent Farm Road Gosiorth Nth¥¢￿tle T>￿e NE3 3HD 8ank•r¥ u￿￿18 Bank k* 63 ￿n(th.6 kn Fi8lds London Solldtorn Muc*lg LLP Twne C8ntral 32 Galknwgat• Newea$tlg upon Tyn8 NE14SN Audttorn Jesmond Newc8¥Og NE2 1TJ LIBERDADE COMMUNrrY DEVELOPMENT TRUST TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2025 The Irusleg$, wh) we dirgctors for Ihg puryThos of oyw)y law. KYes8nt tr￿1r wmual report financi stal8monts for th8 year orKlod 31 March 2025. The fi￿r￿lar staternents have been prepared in aCc￿n18nce With the acc(￿ntir￿j sel out In note I to the flnandal $t8lements and compty wnh the charivs goveming d0(yJm￿l, the Cornp8nK*s Act 2¢XJ6 and 'Accounllro and ReportlrKJ by Charrt*$: Stslèmanl of Rot>)mmended Pr8¢tic* applieAbb8 lo C￿￿￿"ti￿S preparlng the￿ accounts in ac(rKdanco tho Fin￿(jaI ROF￿ Standard tho UK and Rwblk of Irdand {FRS 102}. (effeclive 1 Januwy 20191. OBJECTIVES AND ArnIES LI￿r￿&￿e'S MI￿1￿ IS'TO rabse e￿ryOne'S eypedatbn$ 8boul ￿t peop￿ 7Mth ￿Ing dls8Nities lrythd} ean achl8V8'. W• ralsé our own 8xpbd*llong and thè 8xpectatbns of In wral. Wo are th8 onty Ihe•h found￿ and y$8d by wlth teamlw d*a1)U￿03 In the UK. Our work deliber81ely $et8 to cknalle￿ wtyuth(* in sO￿ty abtyJt l•thng ds*)l•d pwle aThl the contrtbulKfft they can rnake. Setting high 5t8nd8ryJs Ihe quality ol arNJ the way VIP actweve it is centr8110 the way wg opgrate. Creating cpporiunities for leaming disabled pwAe and Ihe *ider ￿M￿￿jnitY lo Sp￿￿j twne ltyJoth8r is central to our approath. W9 bgllev? our *vrk Ws lo gro81gr wHty. ouallty ol lffè ond hiyovèd heatth and Th￿rbel)g for le8rrdng dlsabl8d p80pLg and th8 vAd8r ￿MmunIty. here is n04there else like GCT. I donyknow any other bynue that Iw7ngs p80&49 and dis8ts1itns together8¥ equols to run a venue that i¥ tntyowT￿d by 811 the community."_ Curious Monkey- Partner Org8rMs8th Uberd8da (Lib- er- dar-iie} has a soul, it cares for P8OFAa and F￿8 them to 8xc81. It aP•Mys go85 abovè and b¢yi)nd ond doesnl know Ihe meaning of can't. Pewe *ith leamiThJ diSabth￿ come to Liberdade to work. to train Dlhors, lo expel OK4 miscon¢eptic￿s but mosty to beknry. We wDrk by uS￿d Ihg ¥ts arnl Go8f(ffth Clvt Tho*e a8 d￿n98. Tr ¢hangg ho[PO￿ bolh wfthin our partiapants and soGety as a who￿. use tho proc088 01 portorm￿. and b8lng a m8mb8r of a mpany as a mec*anism lor porsonal and social devdL¥>menL Vlh41 w• dg We dellver trAlnlNJ and provk18 oprthunlil89 for pwlo and ￿tt9 wlth dlsabllltl88. The tralnlng overs.. perfomi5rE arts., hoatlh and w8llb8lng.' spjrt: 8mploym8nt 8kllls and mor•. Th8 OprmJbJntt￿ w• provldo indud8 work experton(8', community fflwagemenL Vol￿188￿rIJ.' and perknnirg In front of a rAIbl￿ audl8nca. We olso sharo our leoming by publishing detail￿1 Informat￿ on our ￿ganisatiOnal devek)pmenl. and partner with large number of olher ugariwlirm 5rnli¥*lual¥. We take part kn regknnal. rtalonal and Int8matknnal r8pr•ts8ntlry th8 lèamlng d1¥&￿•d **mmunty and hava s81 up and SUpP￿ted new organisatat1r￿S lo (xeate fwther opportunthes for p80￿8 vAth beaming disabllitles across rogion. In 2016 we took on ￿ 88381 vla a c¥mmunity 888et trarffjfer. (>)sforth Cthc Theatrg 18 an arts venue that l¥ opgn 10 81. Hl8Iorkal￿ sc¢lety ha8 ueal&# place8 frA wth Wnr•J disabililies lo p, at Gosfcrlh Cvlic Theatre. peorAo %*ith leaming disthlibes have created a lor e¥er>Y)ne to come toge￿. We wanted to prov*Ye something for the communty hstead olit being the oth8rway8nxKKI. heffj peop18 can 8 th81 we'vg gotskmls that we can b6 useful- Ed IlouThJlng ¢))mpany membw) UBERDADE COMMUNrrY DEVELOPMENT TRUST TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2025 Go￿Orth Clvk Theatre Is an ama*ng *t)èro a of people Wbth leamlTr3 di38t4liti¢s are bringing local ommunlty tog8ltw lo g8nwat8 understandlrKJ. creatrvlty, and chry. We bollev• Ihal W yw bring Feopb tog￿er In a posltfive and crnative ¥Yay then the barders thal can exmt in cowwwnunitiès ar8 QVgfCQTh. val ProducSng p8rfom8nc8 pLath)Th ovents. porfomhj. films enablos our members to hove a coNedv• Voico. 11 Insuls tt¢nfidgnce and creativty. it promotos valua￿8 Irle aThJ th skills but most knportanty il L￿0M0108 sodal valu8. Our working practi￿5 have always Striv￿1 lor soci81 thange by ra￿n9 our 8xpg¢tations. those ol our wfth a le￿thg dlsablity and m8mb6r8 c4 the publt we enga3e wrth. Using thls very model we aim to dèmonslrale to soclety that p￿e V•ilh leaming dls8bllrties are able, skled and Yaluabb members of communlty whwst bre*irvJ down i>kl miEo)ncepkns Ih81 hlf¥Jer prows. We use commonallty In the Crealon ofwr 8rWic *Y)rk to buld eonnec1ic￿S behwen ow pwf0M￿ ar•J their audlences. we dso u89 In our porfomww to f4xth8r break dcAvn barrlors. ofma We succe8slulty com￿8t8d the £2.5 millK)n capltal davelopmonl prcio¢t d Gosforth CIV￿ Thoatre In March 2024. FY 24125 has b68n fsxused on settfry back nlo t￿lIdh￿ ard n8vigatiry the thallenging finandal dimote. The incrèases lo empb￿nant Costs. the N81iono1 FAinirNm Wa9e and in¢xe8$1ng c￿ts of utilities and matsri81813 8 challenge, alongside a compelllWe fundlry environment and (￿1￿1U¥& Incrg980d gxpendth In most areas. W• hav& responded lo this by wvothng tD a new l)u8lne¥s model. whkh fwjses d1¥8TSl￿nll kncom8 8lreams across the oTrJ8nl¥•th)n to ensure kng4erm sustakHbS1ty. Ths y•8r have fr¥￿sed on oryan18atk)nal develo￿￿11 dvwwfying kncomo stroams. W8 bggun wothng vAth a Sgnhjr Fundraiser. who Y&ill support Incr8askng phllanthrc4Mc income from kèy ar8a8 Such as Indi￿dual glvlng net wNth irMINKluals). corpofatè partnerships and CA)mmuiMty campawJn8. We have 81s0 worked to onsure inc¥ea$8d eamod income {lscket sa￿s. café, wvate hir¢sl. Cost manogemenl 8(¥088 the organiSat￿ Temain a wbrlty. We arn 0130 InC￿8sIng1Y aware of thtr ne8d to demonstrate our social impact to our stakohoklors mcfe effeclivdy ar￿ hav8 begun lo &xpth how we rn￿1 further develcp our ¥octal Imp￿1 frllM8w￿ for retwjtkng. Publlc b•n•fft In sh8yng our d)jedives for tho and fvnlng our actÈvitses. the tru5tpes hm con31der￿ the Chadty Comml$slon'5 guidance on public b￿Offl, Includlng the guld8rr*"wblK benefft: funnlrvj a tharfty {PB2)'. We endeavour lo encourage all wlihln tyjr £¥mY￿1￿y to t*• wt kn our 8rKJ k) attgnd our th•atr• W0￿shOps. Thg tnJ5tees confirm that they have u)mFthd T*ith the TequThnents of sectlon 17 of tre Chthieg Acl 2011 trj have due regards to the wblic beneffit gu*Janco publbhed by the Charity CuDrri5sK>n for England and Wgleg. LIBERDADE COMMUNITY DEVELOPMENT TRUST TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2025 ACHIEVEMENTS AND PERF￿NCE Thls year we have locuyed on the follthving.. We have develyd our Youth Darte Paltr*8y ILY yO(ry dancern dgmghted whw GCT Youth D8noYr, Jack, w8s awardèd a p￿ce In N8￿￿81 Youth D8nc8 C(xnpany {NYDCI 2025126 cohort. Ja¢k Is one of 32 sok*ctod from over 300 ¥•pN¢atbns a¢mss EnglatKJ. Gcfs nabonalty recognis8d Youth Danc8 P•ihway rtachos ov8r 100 YO￿ peopkn with kn8miro disabilbes orKI autism annually. AM strand5 load to live performarK•S al ow annual platfOr￿- FreedL¥n Moviro. and Ewage. We were pleased to I3￿ch our Swnmor SCIM￿1 for 7-16 olds- desvjned to support youry peo&4e in our community to develop 5kils induding dance. drama and 5PL¥I. We continued the devdopment of our Y(¥uth 808F¥J. whKth was18￿Ch¥S h) 21r23. Th• Youth Bo8r(I Is desiwed ￿ young pecyle W belween 15-18. We wil atso be Thyyking I0￿7rd$ (￿r first youlh pgrfomance pl•tltsnn evonl. 'Freedc¥n Crè8I*' wlll takè pla￿ in June 2025. In February 2024 we1al￿¢￿ wts* p18wnenl prcwmme. We h8ve nN train8d 7 ￿Ang peopl8 through Ihe wogramrm. As a dlrect ro￿11 ol th8 ￿ plaeémont. traM)86 Lucy h8$ socured a job with NewrA5Ue Council a5 a SENO Youth v(￿8 traneB. Lucy CC￿lInueS to wjluntèer fcf ev8nlng events. We have created the rF8w iteralion of ow Theory of ch￿￿8 from 202S- 2030. We worked wlh our 8eneficgaries. 8oard of Trustees. Staff aTrJ CL¥nmuiMty to I￿{e this wthith oulling¥ koy inlermedkgte out￿me5 that we will focu5 on indudiNJ c¥￿￿n[￿d Organisatx￿8l dev8kwmenL finand $ustalnablllty and artL8lc and communlty dovtlopm8nl. In May 2025 rnC¥Lthd 8 new Senh)r Fundrnlw, wll Wofk or￿￿a￿n9 IrK*me In thre8 k6y aroas: from cmjr eoTh4nuntty. IDdfvkl￿?I$ aTrJ bu$ln885. havo ow 8blllty to Incr••80 $81•8 ro¥￿u0 thrwh 8 ful tlmo Markelng apprentk•. Our programmlng and tr*W) anrnml Fe8tsv•l8 altracl 15k •Al8nc8 memb8rn 8ac* ￿•r. Suec888fulty moved lo a now nL*bllng systtrn. Tlckets(Avt, wthoch has allowed us to better undersland Iwr customer5. WOVKle a m(Ye efficieni markty reFThtin9 sdut*Jn. arKi cr&ito a more seaml08# experience. This will 8150 alkmf US to introduce more way5 for our customers and pat￿n5 to SUPf¢At us. $uch as 8 better dona￿on plattorm. m8mb8rsNp sthemes, bY>uthers. and mulll-w dbscounts. We have conlonL￿d to provide ex151¢ng C￿nY membern wtth opporbJntb"e5 to Ndunleer al cultural gvants al GCT. In •JdRknn, our GamlThJ Wal w8okty athlty a s•fo for yow p•W8 to connect and has fiv8 ￿ng autist￿ pa￿ yo￿￿18￿n1¥J. We d8lNared all our plauorn events plann8d Ihrw th8 year at GCT. nam8ty Fre•Jom Moving,. our open wonal SEND ￿8110m1. 'Er4JAge', CAJr fxynmunity perfomiance platfomi and 'Freedom Cr6ativ8.' our youth Ferfomanco pkgttorm vthlch arn all dwned lo brlng peop￿ lo tog8thor. Wo have InCrea￿d OLY links bcal org8nk%ations. This support us lo Iru•a8e revenue l)ut glso create mean1r￿lu1 parher3h*Js *ith k)cel CLYrwnuf#ty gr[￿P8. We ran a totsl of 696 events and acliviknos in the year. 105 oJlbJral events. 57 private events. 247 community acbvilies. and 287 SEND sessio￿ *ilh a total 19.345 atterKlees and over 31,850 vi5ils to our ¢01é11" 2024- 31° Mar¢* 2025). We Cont￿Ued to MaIn￿"n and devèknp succeSsfi￿ partnerships wélh 8nd n81ional owani$8tions. thèse Includéd.. Worklng relationships wlth M¢Jrtal Fools, Cur¥JJ5 Arts. Unfolding thb•trè. NatSonal Youth ency and Tin Arts. We have also partirApated in neiwrxks ndudry. NEION. FU￿re Art ConlBrs, North East Culture Soc*al, Venues North, Youth Inv88lment F￿d, WKI Lculity. Wg g8nwat8d oarnod Incomo a n￿nb￿r of difforgnt ¥Mys. th050 ¥rnrn: servic￿ de￿ered to pe(We with leamwu dr￿bIt19S Café ond Bar sales Ticket Sal8S Sp•c6 r8ntal and Events Donallon8. Indudmg frcm Indl¥SJual8. cow8*8 and com￿11188 48 wen a8 from tld(81.Iop up8 I￿￿gh our new ticketing platfomi. Grant arKI tNst thjndi LIBERDADE COMIAUNrrY DEVELOPMENT TRUST TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2025 In Odober 2024 begon wor￿ng a Senbr FuThJr#tslng c￿suM8n1 ￿P1￿￿ed our wccessful Blg Gfvo Art8 for Impacl Campahjn In March 2024. ralsed 8 lotal 01 £12.870. Our goal ￿ to diverslfy our Incom8 streamB as fundlThJ from grants aThJ trusts romaln¥ challonglTh3. We hav8 tkniewd our n8w paKI-for Memborshlp schemes. which will launch on 1•1 May 2025. I￿r taw is lo attrncl 80 new merrth In Ihe first year. will gener81e over £6,tt(l in fiJndrai5ed irrn. In 2025r26 we will Iwnch 8 new BuS￿esS Partfftr8hlp progr￿Me a8 wéll 8s èxplore new opportunllies suth as pakl fL* 8d%ellslw In Whal's On Guide and fvrMJfalslng gvgnts. Dance Outr••ch These are arts, wfjcSp8tryy and leaming de￿￿j in local SEND Sctths and col￿ge$ wlth yourvj people 8ged 12-24. Th8 wr48cts 8r8 usu81ty 10 we8kq kMwJ a￿1 provKl8 opportunitigs for ￿n9 pooplo to cr•atè and perfomi 8rt18lc wNk. They Include fvn creatrve d888e8 I￿1¢h Introduce lewners to dan￿ technique arKI Cont•mpornry D•nc• and Youth D•nce Our Conlemp)r8ry Danc* C18ss Is open lo ￿ng people enfvry dance. Llt*rdade Youth Dance Is fty young people who hava partidpat￿I In Outreach ryolgds arkl want to Ix)ntmu8 th8ir inlgrBst (MrtsKIB of schod. Both acti￿1[08 ar8 for young ￿0P1• aged 16 10 24 ￿ar¥ and offer. Wookly dance 18c*nkiue c18$8￿ wlth10om8rs from local SEND Sthool8 and Colleges who ar8 (#)MmItt￿ k) d8vekyng ther skilig: opp)rtunI￿¢S for those in Youth Dance ID cfBale PwJhgT level performarTh Sklll$ D•v•lopm•nl This pr¢>3ramme is (knigned for young agfjd 18-25 years who h8ve participated in Lberdade Y(yJth Dan( and want to devebp further. and Sd)ool and Collog8 leabws have pwwpalgd In dgnce elsewhwe. It offers.. Dance lethnique d888- Iralnlng kn slrW aTrJ ftexllyllty. develwng ccwdlnalion and dtscipline.. Cre8ttve tasks- leamrng to uso bodw to exrygs$ narrative, feelings and emotions. wthirKJ toggthw a$ a tgam: Choroography- making group dec4siC￿S abcrtrt thamos and n￿atr¥￿S to dev9knp a danc￿rfOrManc0 prolact, lakiry direction. inpLth'n9 KIo8S gnd gmng dndK)n. P•rforniaDC• EDMmbl• Thls prcgr•mmè Is fcK yourw ￿(018 89od 2(h wPK* ¢uld be apprcpriala lo hold In8 eqtJval8nt of Ihrg8 nwths expendlwe. WI￿ wcwld equaio to fr￿$d￿g b8tthw £130,1KXI and £160,000 in fr8• At tha year end fr88 rnsarv8s were rewtad as £8.297 {2024.' £159,870) a d8cr8ase of £151.573 In the yew. Nole 22- An8lysk of net assets bèt¥￿1 fuNls the ¢Jetail ofthe Movw￿nt ol freo re8W48& The Trustee5 recognise the need to tmjild Ihe free reser¥e5 back lo thBiT desirod mlnlmum hddlng10¥g1 and ore mmitted to wthing tOW8rds thi5 over the next S yew5. The Board and key management we actNely expk)ring naw sources of fijndlw and olher areas of Ir*ome as part of thls comnkn8nL ManagwMTrt Porsonn•l The l)oarf, ￿ grve their lime Ireely 8TrJ truslees rwxTv•J rwnlmeratscm kn Ihe y98r. hm consldefgd vtho t Key Man8gemenl Personnel IKMP) of the ch8rity. as r￿d in the Rele￿nCe ar•J Administration section. Tog8lher Iha b08rd, th￿8 KMP ar8 those in tharg8 of diraetro and ￿ntrol￿ng. running opBrating th8 aclfvilies of the c*8dty on • day to day b8818. The pay ol the KMP * revknwed ￿nuallY norn￿1￿ inrleased In 8fxordÈn wblh 8ver8go 88mlngs. The INSI￿8 ben¢hm8fk against pay lev?Is of othor Charities and sinilor oTrJanisation$ within the sector and Ihe ￿gKIn. Pay ￿15 set this information tL¥Jellw with the tMJdg8t aThJ fowca81 information, en$wlrvJ that Ihe thwity affc*d any Kry)osed in¢xeases. The brjwd then agree any uplfft ¢0 remunwation. STRUCTURE. GOVERNANCE AND MANAGEMENT Llberdade Comnwnity Development Trust i% a Charity a)d Compa)y Llmited by Gu¥anlee not h8￿n9 Share Capilal. govem8d by Its ¥lid8s of association dated 0511W2015. Prior to this th8 organi8alkJn was known as Llberdade North East CIC and w8$ a convnwtty literest ¢¢xnp8ny Also limited by guarnntee 8nd h8￿n9 shwe capil41. Faarnlng dl88blllty, and Ilvod exparionce ol bery part of the LG8Ta+ community. We havo fec4ulted a nwl member lo the boaftl this y•8r wilh expelienre in furth1s1￿ e¥￿ts and philantlyopy whiL* 4￿11 8UPPOrt our fundralsiro strategy. Ther• aro 8 nun**r ol 8klll8 afo IL**SrvJ fOr￿th1¢h ¢an 8trwvJtrwi OLt Board 4ThJ fjn8bkn u8 to o)ntknu8 ow plans for the luium. Thls Includes Fa&11￿05 Management (artthowtalrty). AlthO￿Jh we have good sklll8 wsthln thjr Staff iaam we would like a tNstea can briThJ facilitss managemBnl sknlls to the b)ard. a. Pornons WI￿ vA8h lo mwrt)orn of tho Chawlty mifjt aFyly fty m￿b￿s￿ In a mannor 8r4XOVod by Ihe Trustees and the aP￿ication must then b8 approv8d by Ih• Trus10￿. hav8 in th8ir absolulo discre1K￿ to dec4ine it and need ml grle reasons for doing so. b. The Tntytee¥ must keep a ¥egLglw of nwrw WKI 8ddresse¥ ol 8ny elethj m￿b￿S. UBERDADE COMMUNITY DEVELOPIENT TRUST TRUSTEES, REPORT FOR THE YEAR ENDED 31 IAARCH 2025 c. The Trustees may make rule8 which estsblish different Cla￿# of momboyship ¥llh dlff8rent rlghts and oblvJalion$, these shall LE reciyded n the register of Memi d. Membership shal lerminte W. th8 M8mb8r dw Is C4YNithd d a u*ninal offBnr*, r85kJns, is In arrews to the Chority or the Trustee$ deryde to t¢rmirAte as in the best intwests ol the Chwity. Th8 Board ofTNstO88 L8 gov8mirwJ body of tho Chwity, and o¥eral18gal r88r￿S1￿1￿ for that tr*a Charity (k>es. l*lember5 of the Board are tho Trustees ofthB ch￿ty. The Board meets al leE5tlour times a year. txrt VAI meet freqUen￿Y a5 fEqwed. Trustees have ultirnale responsbilty for dwecling the affairs of thB Ch*. arKI ensuring that it li ¥01¥8nl, well-njn. 8nd is deliveriro the tharitthe OLrtcomes for whicti rt has been set up. There Bre three key dubes as speafied by the ch￿ CLwnmisSi￿. tw ofCompR•nca- Trusts•8 nmtst ￿SU￿• tho ch*lty ttrfnplS•9 al fthart laws and rogulaUon8, IrKknlng charity k7w. Thoy must enswe that Libordade CDT doos n(rt breach any d thB r0(pMom￿ set out in th• of Association and that it rernaTh true to the C*arita￿e purpose arKI objects Set rArt. Trustees must also atx wllh Integ5ty. pers￿1 o)nfi6cls ol of mlsuse ofcharlty knds cr assets. Duty of PruderKa- Trustees must ens￿? that the dwity is and wil r￿ain sofvent. They Str￿￿ld use thariL7￿8 lunds and a55ets rea50nabty, and cMly in lurtherance of Liberdade CDT objects. They shcxjkl avoid Un￿rta￿r¥j activltles that myht Pla￿ the charltss fiJfKls. assets ￿ reputakn'on at Und￿ risk and SFVbal care when Inveslng the fvnds ofthe c*arfty, c* borrovAng fLmds the thrfty lo use. Duty of Care- Trustees must U80 rna8onat40 c•rn 8kll kn a8 trust￿. ￿￿ng Ihdr POr￿nal 8k118 and experienca as need￿ lo ￿5[￿e that the tharity is wel-nm aThJ effK¥enl and ￿n5￿1￿ getting extemal profesSN￿al art￿¢6 on all matters where there may be moterlat rtsk to f*wOty. c* the trustees may b8 In tJfe•ch of These dut￿ ar¥ explawwd further in ￿ Charity C(xThri￿ F4JblKatson CC3, The Essential Trustee. 11 can be read ￿ full al { h Thè Board may asta￿6$￿ CaJnmllto0& adv18(xy c¢￿￿%11 crf workln9 88 lo I￿p It to fulTtI 6ts remm. Tho mlnthum 8Lze of Ihe Board IS 3 *)d maxtmum18 13 The Trustees shall use all reasonablè endeavours to lacllltate the creatlon of an Infornial group of servlc• U8•rn of tho Ch•rlty. Th• T￿¥1••8 shall •nsur• that th• vl•w¥ of such group ar• r•port•d back to th• Trnst••8 on a T•oul•r ba818. as Ih•y shall d￿•m￿TrO. The first Trustees sh811 be Ihose per￿$ nwned in the statemwt deliver8d pursu￿1 lo Seclk)n 12(1} ol CA 2(K **ho shall be deemed to havo bgon ¥ppolnt8(l under Ihe of ASSO￿81*￿. F[￿re Trustees $hdl be appJinl8d a8 provldod b8kn¥. A Trustee may not sp￿nt an altemale dlreclor ly wwjne b) aca ￿ Ns or her bew 8t m8eUr4J8 ofTnJstees. LIBERDADE COMMUNITY DEVELOPMENT TRUST TRUSTEES, REPORT FOR THE YEAR ENDED 31 hlARCH 2025 EllglbS11ty to bo 8 TTU8t00- Any pw8cm Is eligi￿ lo a5 a T￿￿tee may be appjinted to be a T￿￿tee by the exlslng Tru8teo8. No person may be 8PPOirted as • Twslee. unlem he ry sh• b a Member of Ihe Charity and 15 ￿ sUp￿t of the Objects, arKI that pwson15 wllllng b) serve as 8 Trusteo and has attalned the of 18 {eighteenl ye8r3, or rf (had hè or she 8lr8ady be￿ a Tru$ts81 hg or th *vuld I￿￿ been from 8L*ng 85 a trusteo ty vlrtue of secti¢)n 178 of Ihe Charluos Ad 2011. and eurnnent ofTrust8e5 Trust•86 shan be appoint8d by a IJ8dsfjon of Trustees. Tfttsto￿ shall fc* a l•m olfour years but Shal bo el*Jible for re-8ppolntment by Ihe Tru8lees. Th6T6 shall Iwnll on tho number of lorms in office that Trustee may serve. Dlsquallfi¢8¥on and R￿0¥￿1 of TnJ8tees -A Trustee shall cease to hold Offi￿ rf.. He or shè rydsos io be a dY8¢*Y by vlrtuo of any prv*4kn C(¥npaf￿ès lrnrkncy Ad 1986 or Is dlsqualified from 8L%lng 88 a Trust•0 by VIrt￿ of Sèdion 178 01 Iho CharitiBs Act 2011. He or she i8 deemed by HM Revenu• & Cusknrns rK)t to be a fft and proper person to be g mgnoggr ol o thqrfty. The Tru8lte¥ Io8￿￿8bty tdleNp th81 he or has becx)me p￿￿￿1￿ or mentslty InC8￿bIg by rea￿ of ￿ne$S or injury of managirvj and &lmini8lerirKJ his or h8r own 4ff81ts and th8y d8od8 to rerrM)ve htrn or her from offi¢e. The Tw5tee re¥vJn¥ frfm hls w har offic• by nolke to th& Charity (Lmrt only rf at ￿8st the rntromwn nun spedfied ie. 3 will remain in office Wh￿ the [￿lIGe of re5vJnathJn is lo take effedl. The Trust88 1$ absent wllhoul Ihe pwmisS￿ffi ol the Trustees Irc¥n 011 the￿ M￿1￿79$ hgld wilhln a per¥yJ of 6 (8ixI months ￿thOut goc4J reason aThl the Trnst88s dgclde Ihat h1$ or hor offic6 b8 vacated. The Trustee ha5 a bathuptcy ordw cr an ordor Is mad8 •gaIr￿1 hwn or in ndrii¢knd 1￿cY prowdings In a Jurfsdlclon dhor thon EThJlarnl and Wal88 haB an effect similar to that ol bgnknjptcy. Th8 Trustsè la romoved from offirA by the Twstees ￿ the uvouThJs Ihat In ts bgst Interests of ts Charity to b8 Sc removed. A decisK>n to re￿￿>ve 8 Tntsle8 from office may only b& w8*d If. the Trust88 has b88n gNBn at le8sl 21 It￿￿nty one) Clear Oays. r￿1¢$ h wrfng ol th• meètiry of the Trustees at whith the dBcisM)n will m8de and the reasons S11s lo t¢ propo8e¢J: and TTuslee ￿, at the option of the Trustee. Ihe Trustee's ropresonlalfve {who need nol bo a Tru5tsel Iws been albwed lo make r?&￿tatK￿¥ lo the mooting. The Trustee will cease to be 8 trustee if he crf she coas89 to bè a Member of th8 Charity lor any reason whatsoever. rBtires from office and Is nol r•-•knted or I8 remvod from offico in acr4)rdan￿ with Sectlon 168 of the CA 20C6. PLAMS FOR THE FUTIJRE Currently (November W251 we are walllng to discover wh￿t Knpact the Autumn BWI will h8ve ￿ our rLSnnlng costs next year and L*yoThl. We anlKipale there T￿11 be a fttrthw 4.1% Incr888e in Nat￿￿al Minimum Wage whith wlll Inuease ow wage ￿11 next ye& by a lurthèr £11X)k. We 8r¢ corn￿￿ lo the end ofa numb•r of mulli year grart lulling rolaiKffiships 8nd we are hard lo dovolop new arwj exlsllng r•latlcffdh*s V•ith fi#KI8￿ to SUFWtow work frijm 2026 and iwoTha. We h8ve bewn to ddNef agaknsl the knlefmwjknts LKrtc(rn sel out kn new Theuy of Change. thi5 ndude¥ workbng on.. L18ERDADE COMMUNITY DEVELOPMENT TRUST TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2025 How w• talk about ourworl¢: have d8veloped a ￿ mark8ting strategy. as ts￿11 as a o)mmunthth)ns str8legy lo support how V•* raise our ￿￿ofile. W8 are also ICK)￿￿9 8he8d lo key mlloslcths in our hL810ry- 2026 marks 10 years of GCT gnd 2028 marks 25 yoars of LI7*￿ade. We wll use Ihe88 mllo¥ton88 a8 bver8 to raise our profde natknnglty and sharo leamings, as wall a5 ￿nd us in the mmunity we serve. Vl$lblllty'. GCT has been 8 finaltst In the North Ea¥t Charlty wwards, for Ihg NL¥th East Charity of the year 2025, 2025 Localty Awwd8 In the bulkllng Indvslve (1)mm￿￿e$ calegJrfe5. the Norlh East Culture Aw¥ds in the calegory of Bosl or Cultwal Venu8 and in the HR&D awards lor exc¢llen¢e in Inclusi￿ty and ONer5ity. Incom• gonerauon: we have laur￿*￿d a pahj for Memt￿StmP sthemo. CffjK¥al8 m8mb8f8hip. and we wlll de14ver hvo Big Give CampawJns each year. In 25r28 w¢ ￿11 th devokp a strong case for support for prospectNe hwJh net wc¥th thfflors. We 91xTr contknu8 to maximize our eamed inccffie through wbddlng8 and private partiès elc. . P•rfonnance *￿rk. we will delNW ftsl len9th FTg*1(Kn NknTStwJ a$ of Free(kni Then and Now a national prqecl Cowordinatod by Fvtura Arts Cerrtres in lale No¥￿ber 2025. Soclal Impact: ￿ wll 1X)ntin￿ lo deveknp a rotm￿l social Impact framework for reporting. We have been ffining how lell the story of ￿ transfr>rmalive and want lo d6vebp a robust MOV￿d01c*)Y and structur￿1 8PFmach. grounded In data daa c(Alec￿n. ThLs t*AII halp u$ 8ltract a wldor rarvJ6 of fiJnd*rs, kndudlry I)u￿ness85 h1gh-net￿￿th IrMlfr4hJu813. We nolo In conversations with prosperawa mld to hlgh l•vd prtvat8 SUPPOrtws Ihat demcythllng wdgl lTryacl18 bewmiffj more crikn￿l to 5eGurirvJ SU8tainabla W.tgrm Alhough times are th8lknglr¥J. have a plan. arml 8 £¥)ntiN￿ to (rnfila ts wc**l our tsNnpany memb8rs want to Ilve In. STATEIIIEMT OF TRLISTEES. RESPONSIBILMES Th8 Trusl8es Iv&tth) are al8n Dlrèctors of Llberdad& C(Kr*m￿lty Tnjst the purp08e8 of r))mpany 18w) are re3pon8Sbb for PTgparh¥a the Board of TfUStees Roport the financial stalgmenls in accordanco wllh applcablg W and Unltthl KFnfvn SIW￿$ lun1￿ Klngdun G8n8raty Ar£8pted Practlco). Company law requires the Trusteos to Kryarv financial statements for each financ4al J*•T. whlch glve a tw8 and fair view of the state ol affabrs ol the charilable ¢aimp*ry and Ihe #iccffilro ffjs(wrce8 and aFwlkalron of ￿SourCes. includSng Ihe incomé ond expendlhffe. of the charitable ccrfnpany for yw. In Fryaring these finandjl 5t8lemenls. the Tnntses afe rewred to". rf Select su+table acwunting policies and then appty thom ¢onslstonty. 0 the methods and prin¢ipbs In Ihe Charloes SORP 2019 {FRS 102). Make judgements arKI e¥twnalo$ thal are rwonable arwj W￿￿ent. rf State whether opplicable UK accountiry slandards b8on 8uW malerf81 deparbJr85 ¢fwlo8ed and axplaSned In the finanoal stslements. / Prgpare the tln8ncial statements ￿ a gotr¥J concwn ba818 ￿1855 it is IMpproprig19 to presum8 that th• tharitab￿ ￿npanY will continuo kn op8raUon. Tho TnJsl88s Are r8sNins1￿e lor keaplng ad8quate ￿x￿nI1￿j rec*)rf5 that t*4th Tea8onat48 acwracy at any Ume the finanGlg1 posmon ol tr)e Lxxnpony arKI wbbg thom to ensu￿ that financ4al statements comply wlth the Compani85 2006. Thay a180 re8pon8ibl8 for safeguarding th8 assols of th8 Cha￿tsb company and h8nr* for taking reasonabl8 stops for pr8vention and detedon ol fra￿j and olhgr Irrggularibe8. In so far as the Trustees are awarn". There is no rnlevant wdit Informat￿ of Ihe ctharOl8bltr ￿1p¥￿'S •JJitor Is urAwwe; and 4 The Trustees have tsken 811 steps tho1 ￿Y to have laken to make thernselves aware 018ny rele￿1 aud information lo eslablijh that th• 13 aware d that nfm8lion. LIBERDADE COMAIUNrrY DEVELOPMENT TRUST TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2025 DISCLOSURE OF INFORAIATION TO AUDrroR Eac* trusto8 has laken slops that they ought b have tskon a5 a tnjstse In crder to make themselves aware of ￿Y relevanlaudit inforni8tion and to ast8￿1$h Ihal th6 thwity's a￿￿rtOri$ 8ware ofthat inf(xmali(M. The tnMlee$ confim that there is no rolevant infonnatK)n tr￿1 tlw krkiw of wd of *thich Ilw kncpw ts audrtor is unaware. AUDITOR Robson Lakllar Accounlants Lirniled ww8 elwxed 88 wdrtLY lor the w*uiThJ yaar at tha AnnL￿1 Gonoral Mo8ting In accordgnco with Section 487 of the C(ryanies kt 2￿. 201 signed on tholr by. A L Goldlng Tru•ts• 10 L18ERDADE COMMUNI￿ DEVELOPMENT TRUST INDEPENDENT AUDITORS REPORT TO THE hlEMBERS OF UBERDADE COMMUNITY DEVELOPMENT TRUST Oplnlon We havè wAlted tho flnond818t8ternenls 0fLR)e￿ad0 C(wnnwmlty Devekjpment Tw3t (the ch8ritthe p8rent companY) and St8 subshllary Its 'group'l for the year erKJed 31 March 2025 whoch corn￿5e thg Statsmonl of Flngndal AclMII88. Group and Charitabl8 Con¥)any Bal￿￿0 Sherf tr* Cash Flow Stalement and notes lo the financlgl slat8mgnts. induding a summary of s￿￿Tr￿an1 ac&)unting Folk>88. Tha financlal r8pNkn'ng framework Ihal has b88n appli8d in their preparation is applicable law ond Unl￿# KSngaom Accounting StarKlards. induding Financial Reprxting Siandvd 102 T1￿ Flnancl81 Reporting St8ndarLI awlKab19 ￿ the UK and RepuL4ic of Ireland IVNled Kiw3om Generalty kcept¢d Ac¢ountSng Pradko). In our opinion the frncxal swomonts: giv8 a true fairview ofthe sth18 of Iho gr(xJp's and par￿1 charitablg coryanYs affairs as at 31 March 2025, and of tho gmup's kncomlng ro￿Te#S WKI applution of resourcas. i1￿￿Uding its incom8 and exp8nditur8, for Ihe year then ervjed.. have been properfy prepare(I In accorLlan¢e *ilh Untted Kwydom GenBrally Accepted Ac£ounting Praclr£: hav8 been prepw8d In ac¢x)rtSance the rewiremen15 ofthe Companies Act 2006. Basls for oplnloft We conductod crtjr a￿lt in acrA>rdanr* Intemallornl Stsnd8(d8 on IUKI IISAS (UKII and app1kab￿ low. Our responsibilities urider those stondards aro futher tssixibed in the ALKlitor's rosponsiblitios for the audit of the fln8ncial stalerrEnls sect￿ of our repryt. We are Indep￿dent of tho rtharity in accc*dancowrth the ethic41 requiremBnts that arè rel6v8nt to ￿Jr aud￿ ol the financlal 8tst8ments in the UK, I￿4[￿1n9 the FRC'S Ethlcal Sl8ndory1. ond we have fulfilled olher ethlc81 rè9po￿billtl￿S in aC￿rdarKe tth these fequrements. We beliove thal ￿ aud￿ evldenc• we havè oblalnod ￿ sufficaont a￿1 appropriate to provth 8 basis for (￿￿)￿)ft. Conckmlons r•l8tlng to golng conc•rn In audlliw finanu81 slatemenls, we have cOnd￿je￿ that the trU8t￿. use of the gjing a￿Cern bHsLq of acojvnllng In the propar8tkn of th• fin*Klal stslwnenlsls apwtyknts. Based on the work we have Ferformed. we I￿8 not kl8nlTfied ￿ matefFal uKertaintios relabng to evonts or cornlits'ons that. indiwduafy or txjlleclively. may c•8t 81gn1f￿1nt doubt on th8 w s and Ihe par8nt th8ntstl8 companvs 8blllty to continue as a golnll eoncern for a pericKI of at ￿a$1 We months from when the financi81 stslements arn aulh0ri8ed for S¥¥ue. Our resp0nslb1l￿O* *KI tho rospon%bi*ies of thè truste98 respect to Wn9 ￿￿(•M d￿bad h Ihe relovanl sections ofthi* rBwL Oth•r Infommtlon The otrw knfomiatbon ec4npds8s tha lnlcffl1alK￿ induthd tn Ihe annual report 0th8r than th9 financlal slatewnonts and our audllof8 r8Fort th•recffl. The trust￿S are reswrtsible for otr￿r InformatSon contained wthln the annual report. Our opinion on the ￿8￿￿81 statements does r*)t o)ver the olhor Information and fk) not exwess any fom) of assur8nce condu5ion thereL￿. Ow respon8lb4tty is to rtr*J Ihe other nform01￿ al￿, in ijoiro so. cor¢sider whether the other Infomiallon Is malerfjally Inconslstgnl wlth tho ffinancial statements or our ¢)btslno(I In thg ol the authl. or olh8rwls8 8pp•ars to b8 nwt&rlally misstated. W we kjenlfify such mal8rlo1 kncon8lsterKle8 or apparent material mlsstatèmon18. Wo are wuired to doterniine whether Ihls gfvèg rbso to a rnat*l mlsslatement in the ffinanckql stalemgnts themselves. If. based on the *ork w8 havo p￿f￿r￿d. w• condLMIB Ihat Ihoro is a malerlal m188ta18m￿ of this other inf0m1atK￿. ￿ aro req￿r8d to rep￿1 that facL We have notkno lo repNt In Ihls regwd. 11 LIBERDAOE COMMUNrrY DEVELOPMEKf TRUST INDEPENDEKf AUDITORS REPORT TO THE MEMBERS OF UBERDADE COMMUNITY DEVELOPMENT TRUST Oplnlon• on oth•r m•tt•rn p￿￿1b•d by th• Conwl•• Act 2006 In our opknlon. bas￿ on the work undertakon In the of Ihe audltr. Ihe infomalion givèn in th8 trustees. r8ptrt liits)ry¥)rallng tho dwèdors. report) for th• T￿￿d•1 y4ar for whkh the financia slatom8ntB ar8 propar￿1 is ￿r￿le￿I th8 fknancAal siatomenli: and Ihe dlreclor8' report has b8en prepared In a(xord•K* aF*abl818gal req￿T￿ne￿ts. Matt•r4 on ¥thl¢h ¥rn On r•qulr•d lo w•port by •x¢•pllon In the light of our krKMledge and underslaThling Df the group and pwent charitable rAxnpany afvj its en¥ir(nment oblalned In Ihe COLwse of the audK. havd rnil identified material mlsslalem8nts n the dreclors. rewt. We have nothlrrfJ lo repyl In rospect ofthe frAky*lw mattws in relalkn to whkth the CLynpanles Act 2￿6 fooukes us to r8Wrt to you rf, In our opinknn: ad8qll8t8 accountsng r8u*ds hav8 rKJI b8èn kepl by parent chayll*)le c￿panY, or r8twn$ ad8quat8 our audlt h8V8 rnt been rece￿0d from tranches Th)1 v694ted ty us.. or the flnan¢i81 slBlem8nts ara rKJt in 8geemontwilh tha a&XJLmtirKJ r8rA)rds and ￿t￿nS,. or c6rt8kn dl8do8ureg of dlr8cicrfs' r8mun8ralh)n ¥*clfiod by law 8re nol made., or wè havo not roc8lvthJ all th• Information and oxplanatK>n8 wa roqubrn fc* tyjr audlL' or tho InJ8t•ès worè not èn1￿1•d to ry•parè thé finandal statom•nls tr) 8ttordanc6 vlth IM 8m811 wnp8nb88' regime and lake athnlag8 of Iho small cowigs. oxerr￿ll0nS in WOFwin9 th8 d￿￿ti]r$. r•port and from the requirement lo prepare a strategic rwt. R•wMlbllltl•b of tru#t••8 As exp18Ined m¢ye fully in the trust￿. resp￿IbIl￿8S sialemenl. thè truste63 Iwtho we dso the dlrectors of the chartsble (*mpany for the purposes of c£fftpany lawl we resp)nth8 for the Fyeparatlon of the fin￿e131 statem6ftts and for belng salsfi•d that Ihay ￿ a trt￿ and falr view. and for 8uch Mitsmal control a8 the tru8te8s do18milne necessary to enabb the preparatKm ol fin8ncial 8tatem8nls Ihat ave froe frM) material mis8talomenL wh&ther due lo fraud or grror. In proparing lh& finandal stat8mgnts. ts trust￿ arg resFrf)n8l￿o 8S$9$8Ky tho group's and poronl chariiabl8 CA)mpany s ability to cffjntKwe as a wirw3 f￿r￿m. disck)sing. as applubk, mali8rs r8lat8d to going conc8m and using the going CL￿cern basis of accounting unkns the trustees eilher intend to ￿UM1* tho charitablB cnmpany or lo ￿se owrallons. or hove no reallstb altgmalfve t)ul lo do so. Audltors. rnsponsfollltt•• forthè audtt of IlTh•ndal stst•ffleThts Our obi8Cti¥es ar8 to oblain reasonable assurance about whether Ihe finBniio1 slatemgrts as 8 *IMJlg ar8 Ireg from m8lerFal mBststemenL wthether due lo or error. 8nd to issue an 8udiiorfs reFth that indudes ow opinion. R8asonable assur8rtc4 Is a hlgh lovol of 888urance tsJl18 r￿1 a guar￿1￿8 that an aLbJll 0X￿U￿￿ In a¢¢ord8rKo wllh ISAS (UK) vlill alwayy delecl a material misstatement vknen il exists. Mi551atements can arise from fra￿1 OT error al￿ are COn5idèred material if, individualty (Y in the wJgregate. Ilw could reasonabty be expected to in1lu￿c9 ihe ewnomlc declsions of Lryers tsken on Ihe ba￿5 of th68e final￿81 stalemenls. The èxtonl to wh￿h (Njr F￿0¢edureS arn (#paile of det•AwvJ iFregularib8¥, ir￿￿dirw4 fraud, k doiailed bokm. The rfsk of malarial rnlsstatement due to wr(r or fraud has boen assB5s8d In mnlunction th how internal controls may mitigate any suth risk. Th6se (wlrols aro re￿8wed as part of the audrt bg perfming sysl8ms walkthroughs to onsure they ore opergtin9 effe¢tivety. Other wbstw)li¥e leslir•J is 8180 perf￿d on 811 m)leml balanc85 and therefore any in8tsnces of non%0MKAian￿ slknAd bp Ulenttr￿d or a5 1nsvjnrfi￿L 12 LIBERDADE COMMUNITY DEVELOPMENT TRUST INDEPENDENT AUDITORS REPORT TO THE MEMBERS OF UBERDADE COMMUNITY DEVELOPMENT TRUST In Identifyiig assessiry iisks of maknial M￿￿tatem9nt in rgspKI of IrthSudlr*J fr8ud, tho a￿￿11 engagement team" obtained an Ur￿er5￿ndlng olthe naknT8 of the kKlIMtry and sed￿. Includkng legal and regulaloryframe¥w)d(. In whth lh8 charl1￿* oynpany opw*os IM)w Ihe fxrywny conWI86 With that legal and regukqlory framewcrk. inquired ts￿th mBnagem8nt Ihw charg￿1 *ilh gov8mance about their own h18nt1f￿ation and assessm8nl ol the rlsks of Irregulariti•s. including any knu* actual. suspecte(l or alseged nstances of fraud. d1$￿898d wllh manapmenl and thoso with govemanc4 any non*U)mpliance lwws and rogulati( and howfraud mighlo(w asSess￿ts of I￿￿8nd whw• the Slalom￿ may besuscoplM)l• lo fraud. The risk of managemonl 0￿rIKJe of conlrds wa8 al80 cth8hl•r8d ￿ ar8a ol p)tsntlal mlssla8mont tkn to fraLKI. Audll procedur93 porfcKm•d Indudod tè81ing of manual ioumal entries afMI othtt adjustments and ovaluating txJsin8SS rallonale In relalkn to sbnifKanl. unuBual trarbSactK￿S and Ir￿￿Ckn entwed Trnk> (Njtsth normgl course of business. A furthor deS(x￿On rAour resF#M8knl1￿ for 4￿j11 ol 1kn8nd•l Sla￿n￿lS is kKaled on the Fina￿1￿1 RepxUTrJ c0￿Cl,S vnbstt9 al: VW*W.frc.org.ukJaudltL¥8rn8ponsthlili8s. This d8suipt1￿1 f￿Tr6 part of our a￿lI10￿S r8POrt. Us• of report Th18 raport Is made $0181y to ch*&l8ble compart￿9 rn8mber¥. as a bc*Jy, In accrydance wllh Chapter 3 of Part 16 of the cc￿panI•S Act 2006. Our 8udit work has been uThlértaken *J that we mi￿1 slats lo Ihe tharilable memtsers those mottws required lo state to them in an aUdit0￿S rew)rt and for no other purpose. To fullesl extent pemirtted by law. do nol 8￿p1 ty a88ume responsib￿ty kn anyorn other than the charitable comp8ny and the tharltablg company's Mom￿rn as a body, for our audit vrt>fk. for this ￿POrt. or for ts opknlong we have fom)&J. Mlchael Thoma5 Mornn 8A FCA IS•nlor Statthory Auditor) For and on B•h•ll of Rob•Dn LIId￿r Accountants Limil•d Statutory Audilf Femwood House Femwothy Road Jesmond Newcas￿6 Uwn Tyntr NE2 1TJ D•t•: Il lJeco4Mbv 13 LIBERDADE COMMUNITY DEVELOPMENT TrUST CONSOUDATED STATEMENT OF FINANCIAL ACTivmES FOR THE YEAR ENDED 31 MARCH 2025 IINCLUDING CONSOLIDATED INCOME AND EXPENDrruRE ACCOUNT AND STATEMEKf OF TOTAL RECOGNISED GAINS AND LOSSES) Curr•nt finandal y•ar Unmtrlct•d Restrlct•d nd* fund• Trtal 2023 Total 2024 Donallcm8 8nd leg8d88 Grants 42.073 92.463 270.614 31,151 355.529 42,073 338,491 270,614 31.151 355,529 1,037M58 200.169 246,028 Ch8rit8N¢ acOYlUes 2.162.412 43.393 159.759 Olher tradlrvJ aclmtbs Olher Ir￿￿8 Total Incom• 791.830 246,028 2,565,733 •ndllu Raising funds Ch8rit8ble 8clvStses 387,494 620.278 387.494 805.246 224,961 395.308 184,968 184,968 Total w>endltwe 1.007,7n 1.192,740 620.269 Nai Incom•ll•xp•ndknl {215.942} 61,060 1154,882) 1,945.404 N•t rnov•m•nts In funds (215.9421 61,060 1154,882) 1,945.484 Reconclllatl4￿ Otfunds Fund balances at 1 Aprfl 2024 2.636.499 460,837 3,097,336 1,151,872 Fund balanc•s at 31 March 2025 2,420.557 521.897 2.942.454 3.097.336 The stslement of fin¥niil actfvitm knchAos al galrrd h)8$￿ recwls•d In the yaar. AJI Ineomè and 8xpendknre derlv¢ from actl¥kn. Thg statomgnl of lTrnandal a￿5￿t*s also comFth wllh the kn￿rne and expernjrture account under the Companie5 2006. 14 LIBERDADE COMMUNITY DEVELOPMENT TRUST CONSOLIDATED STATEMENT OF FINANCIAL ACTI￿nEs FOR THE YEAR ENDED 31 MARCH 2025 (INCLUDING CONSOLIDATED INCOME AND EXPENDITURE ACCOUNT AND STATEMENT OF TOTAL RECOGNISED GAINS AND LOSSES) Prlor flnaftclal > Total 2024 funds fund• Incom• •ndowffl•nts Donat￿S and leoacies ChBritable advlllos 194.813 1.819.463 200.169 1161412 43.393 159,T59 1565.733 342.949 43.393 othor Iradlry acUviUe8 Other Inc￿le 159.759 Total In¢om• 551.457 2.014,276 Raising funds ChorStsble actlv6tle$ 224,961 245.089 224.961 395,308 620.289 150,219 150,219 Tolal •xp•ndlture 470.050 N•t InGom•ll•xyndltur•l 81.407 1.864.057 1.945A64 Gro88 trnn8f•rn b•lw•m furn 21 1.942.046 (1,942.046) N¢t mov•rn•nt In fund• 2.023.453 (Tl.989} 1.945.464 R•con¢iliatlon of funds Fund bg18ncgs al 1 ApfH 20rJ 613.046 538.828 1.151.872 Fund bal*nGH at 31 M￿h 2024 21 2.636.499 460.837 3.097.336 Tho 8tatom•nt of ￿andal admtles 811 galns and h)8808 re(xwl&ed in Ihe yew. AM incom8 and 8xp8ndllur8 dorivo frryn txrfinulro The slatem•nt of fin8n(aal actNi1￿5 also corrylios Thllh lh8 rwiromants tr an KIc4)me and 8xr*nd1￿Tr a¢¢ounl uTrJer the Companies Act 2(X)6. 15 LIBERDADE COMMUNrrY DEVELOPMENT TRUST CONSOLIDATED BALANCE SHEEf FOR THE YEAR ENDED 31 MARCH 2025 2025 2025 2024 2024 Flx•d as••t• Intsnglbb flx&J a$80ts Tawble 8s8•ts 13 9.840 2,838.695 2.848.535 12,300 14 2.924.117 2,936.417 Currèrt osuts Slod( 11 6,485 129.198 211,5 347,183 Debtors 17 43.S05 180,033 229.n4 Cash at bank and h hand Credltora: anmjunts folllng du• 1 ar 18 (135.8551 (171.841) N•t ¢urr•nt •JJs•ts 93.919 175.342 Tot•1 ￿••￿1•￿• ¢urr•nt Ilabllltl•• 2,942,454 3,111.759 Credltorg: •mowts falllDg du• In morn than om y•Ar {14,423) 2.942.454 3.097.336 R•¥wv Unre81rlcled fiJThts 2.420,557 521.897 2.942,454 2,636.4gg 480.837 Reslricted fvrrfi8 21 3.¢Y37.336 2th- Th989 fin￿1 8tatwnonl$ wwe approved by the 8oanl (rf Trustee5 ... .. ......... ....and are 51gned on thelr behalf by: A L Goldlng Company r•glstratloTh numbor. 06548122 Th8 notss on pag85 19 to 34 fomi those statemgnts 18 LIBERDADE COMMUNrfY DEVELOPMENT TRUST CHARITY BALANCE SHEEf FOR THE YEAR ENDED 31 MARCH 2025 2025 2025 2024 2024 Flxod assets IntsngiNe fixed assets TangIb￿ fixed assets Inv8strn8nts 13 9,840 2.838.695 100 12.300 14 2,924,117 15 2.848.035 2,936,517 urr•nl •¥s•ts Debtors 17 52.309 126.614 178.923 175.751 157,077 Cg¥h al bank and In hand 332,828 Crndltorn: amounts falllng due T*lthln 1 18 1113.5711 1164,6721 Not curnnt us•ts 65.347 188.156 Total ••••ts l•M curr•nt Ilablll¢l•¥ 2.913,982 3,104.673 Cr•dltor¥: amowts falllng du• kn mow• than on• y••r 114,4231 N•t aM•ts 2.913,982 3,090.25J Unro¥trictsd funds 2.392.085 521.897 1913,982 2.629.413 480.837 Reytricted fijnds Totsl m•r4•¥ 3.090.25J Thege fflnancw st8l•nents were 0(wofft1 by Iho Boaryl of Truslo09 M .... . ...... aTrJ ar• $bgn8d on b•hall by. $71 A L G¢leJkng Trusteo Company rngistr•t6on Trumber. •)6546122 Tho notes on pages 19 10 34 frTh pwl of these fin8r¥Jal stalements 17 LIBERDADE COMMUNtTY DEVELOPMENT TRUST CONSILDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 PAARCH 2025 2025 2024 C•¥h tloyn from op•rnllng actlvl Nel cash proyhded by {u8gd Inl opernling (15.740) 1.765,647 Cmh Irom Inv••lJbvJ adlvftl•• Purcha8e ol Inlangitrte fixed 8$9ets purcha￿ of tsrvj1b￿ fixed asse18 N•t cuh prwld•d by In) Inv•*tlng •thltl•• 14.920) (2,155.766} {2,160,686} {4.250) (4,2501 Cash flaws fvorn flnanckng aclMII•s Repaymonts of loans and borThw 111A7n 111.6TT} hang• In ¢•¥h •nd cash •qulval•nts 131.4671 {406.716} C4¥h •nd c•th •qulv•lwbts at th• *lnnlw of th• y•* 211,SlXI 618216 Cash and •qulvalwts at th• •nd ol th• y•ar 24 1￿.033 211.5 All of the fluws are derived Irom c4)ntlryJltwJ orwatkw the above h¥0 ￿0d5. LIBERDADE COMMUNITY DEVELOPMENT TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accountlng pollcl•s Llberyladg C(xnmunty D8veWnenl TrLJSt Ls a prlvale ￿MpanY Flmlled by gu8r8nlee Incorp)fatsd In England and Wales. Each of tho I￿Ste&S is IrabJ8 to c£rttrtbute an amount not exc*edry £1 1(Nrard$ Ihe ass8ts of th8 charity in the ovent of IKIUh*aIi￿. The regbtered 58 Go8forth Thgatrv. Regwl Fwm Road. f>xlorlh. Nwwc8sOe UP￿ Tyne. NE3 3HD. 1.1 Basls of pr•p•ratlon •lflnan¢W 4l•t•m•nts The financ4al stalements oflhe chafitable conyany. Is a ￿1¢ ljernfft urKl8r FRS 102, have teon prepared in acC￿anCe with Ihe chari￿s SORP (FRS 1021 'Accx)unting gnd Repofb'ng by Charities: stste￿￿t of Rec(xnmerKled Prth applkablg to chall￿￿ ptww¢tvJ Ihetr accYAtnts In accy)rd8nce the Flnanekgl Rtrportlng SlarKIoTd aFpli¢abb kn the UK and Republ￿ of Ireland IFRS 1021 leffg¢Uve 1 January 2019),. Flnanaal RerKxbng Standard 102 Tr Finwcial Repcrfir¥J applicat48 in Ihe UK wid Republ of Ireland, and the Companios Act 2(M)6. The financial staleAnents hgve ljeen yep¥ed ur#*r the hislcfful oxl convenucrt knith Ihe exception ol Investrnents whoch are kncluded at market vgkn. The finand81 stalgmwts arg kygpgred In slwlkw. ¥trthlch Is the lunc11cr￿ ￿J1[enCY of the chwlty. Monetary amounts In Ihe$e finandal 8Ltsments aro round8d to th8 nearast Tho flnancial statements hav8 1)0on prepar￿1 a goiry [X￿CeM basi5. The lrnstees o]n5*Ior that therB are no material uncertainties aLKXrt the goup's Btilrties lo conknue as a any ￿9n￿¢￿nt ar of uncertainty that effect the c4rryirKJ ¥￿ue of assets hekl by the woup. Liberdth Communlty Devebpmwt Trust meets tho doflnllk)n of a public bènofft 8nllty enty und8r FRS 102. 4s818 8ntJ Ikgb116tlgs we knilially recognised at historul o)5t or tranSacI￿n vahJe unths othe￿i$0 stated in Ihg reloyanl ￿cO￿tIr￿a tx4iGy not￿8). 1.2 8a•l* ol conwlldkn The group finandal slatom8nts consolklat6 thè financial ¥talornents of tho Charitab￿ company and its ￿01 owned Subsidiary undertaking. L*￿rdad8 Tratt￿g Limited, Dn R lin&bY-1￿ b8Sts. A separate Statement ol Finan081 AL*￿Ille5 for the thrity itself is not presented because the thgrity hjs taken advantage of the exerrsjtions afforded by 408 of Iho Crynp8nios 2(￿. A $ubsid6ary ￿ an entity (>)ntrcAl8d by the tha￿. Control is achieved whère the charity hAs the po¥wto govem the financlal and ¢p6ratlrs policaes of an entity so as to obtain beneffts from ac*Wies. 1.3 Fund •tru¢turn The charSty ha8 ie8trhXed fut)d8 to the thnor requirirvJ that the donat*Jn must be Spent on partI￿lar purwse. Al other funds are ur*estr•￿ Ir￿ frml$. Tho fuNJs hohj In eath ol these calogots8 aro discthed in the R8SOP40s Nckns. Unreslricted funds C￿lpri￿ tr￿8• frJnd3 the IN$lees are free to use for any P￿PoSe to furtherance the tharitsble L*iectNe5. Desigr￿ted funds are aft￿nIS havo boon askjo at the ¢lsryekn of Ihe Injslees aNJ are therefore not avaikble f(* olh8r purpos8¥. Reslricled rewe5ent grants. thn81￿￿. kgades WKI •ssets whlth rd• alocgtsd bYtr￿ O)nor for swdfic PUfpose$. 19 L18ERDADE COMMUNrrY DEVELOPMENT TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 1.4 Incom• All incoming rnsourc*s Indud6d In the St8lem8nl ol Finanual A¢tivrlies (SOFA) whèn the charlty 1$ enlvded to the income 8r#l Ihe •nounl can be quantif*d with reawable a¢wrw. Grants rèc*fv8iqe 8r8 rocognirnl when the thwity h89 onljttwl lo fvJnd8 and any o)ndllions linked to the grants have begn rr*t. whe￿ F*rfofrywnce conditi￿S we ottgched lo the want and are yet lo be met, the hcomo is 18￿gnIZed as a b*Jilty 8rAI on the balanco as dekned kno)me lo release. Don8lions and Treg8C￿3 ore rgcognlz•d w￿n the charity is nolif*d in *Triing of both Ihe amount and 8attlemenl dale. In the event a donalon 1$ Suts￿ to cxMdibon8 that require a level of p8rfrym0n￿ by the cfiarlty, the Is d8f8rrod and rfrol rgcoqnlzed until ltr#)se (ThHllth)ns aro met. Incomkng r•sourco5 frc¥n tax rod•Th* are trKaMl8d In tho Statem￿1 of FinaTh7al al the same tlme as the gmt to ¥thith they relate. Vlhere a gift in klnd L8 glven to the chadty arml It ￿ bv rBlialty Mea￿￿. Ihg ghl Is shown In botr volurrtary Incom 8rwJ chaffilabl8 athM*b8S. Investment ￿cOMe is recctyjnized on a rncer¥th ba￿. lh9 arrK)unt can be measured re4atAy. Th1818 nomialy nolfflcation from Ihe bank. Incorn8 from ¢hw[tab￿ aclMII88 I￿lud9$ I￿lme rec*W under adva￿ contract or ￿re entluemenl to gr8nl fundlng Is subj8cI to Bpocffic p8rfofmarte condthns Is T8cDJnlzed as 8am8d las related gcthls Of Se￿¢0$ aro proV￿￿e￿I. Grant incorr* in¢lLthd in c*tegLry pmMdes lunding to support cllent $ervk8 actmlies and is reojgnized vknve Ihgre ￿ onliUemenL certainty (rf receipt and the 8mount can bè measured wlth sufficbnt reli4bilty. IrKoTh 1$ (Igfgrred ¥¥￿e rel8led ￿ants we receNed arKI tIKq p8rfomi8rKe coThlilbn8 relallng lolts 8ntlll8mont aro ncrt moL 1.$ Expendltur• Exp8TrJiluro is ro(wnisad once Itrw815 818gal or eon8trudlvg Qtw kn trar* e¢c¥h)mk bènèfft toa thlr paity, ￿1¥ wobable that a transfer of benofit will bg roquired in s8ltl8rrenl and th& antr)unl ol iho oblig8tDTr ran be rneasLred relb8bty. ExP￿￿rtUre FS c4as5Ffied by 8Ctiwty. Al Costs aro allocai8d to tho appllcable expendrlure headlr¥J that aggregats similar costs to that calwry. Vlhore costs cannot be dire(aly altrltyjted to partIC￿r he•Jtrys. Ilw have been 8PmknJ on a basls conslstsnl with the UBe of resourLw. Raising funds are the cgjsts indLthd ol comm8rtial tradiry inthding the tradlNJ ¢ompany'$ actmlles and thg letting Operath￿S. I￿jether thotr asscKlatod wpprrt CA)sts. èxpo￿$￿urfj comprises I￿Se in￿r￿1 by Iho charity In tho dBlrvery of its activIt￿S and 8•rvlc88 lor Its b8nèflciwlgs. It Indud•s ￿$tr Ihal can be al￿￿ted dwectly to su¢h 8dlvltle$ and those costs cl an irK*rect nalurn r￿8$￿ to guppryt them. support¥￿$ts ar• t1￿ funthns that a￿$1 ofthe 0￿rtty buldo not diredy undBrtake rthArttsble 8cUvltle¥. Support ¢))sts indude costs. finarKe, pwsonnd. pa￿ and govemanc* costs ￿1¢h pport th8 thafiws I8n¢J group'$l admuos. The basi8 ￿ vthich the support costs have been alloc8tod arB set wt in lh8 supptyt C08t Th)le. Govemane* costs incjude the cthts o11rit￿teI￿8 to Ihe rt￿￿ty'S ￿J1￿l￿nCe with congolutlonal and statutory wuirements. wthiry a￿111. str¥t•Jk marw9DvMnt Inth's m8oUngs. All exp8ryJittwe Is fjnduslv• VAT. LIBERDADE COMMUNITY DEVELOPMEKf TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 1.6 InLinglbl• •M•ts kntsngit4e •ss•¢s aowlred s•w8t•ty from a trNAino$8 arn r•u¥ni*l at arxl are Bub5equenlty m988Uf•d al cost lass ac(JJmulalod arnortisa￿n and aC￿M￿al•d Ynpairm8nl kisses. Inl8ngitrde 88sots acquir&J on rrnilwlions we recLyJnis&J Separatsly from gO￿thi11 at the acquisilKJn date wtsre is wobable that the expadgd futtffe ¢c￿nC￿niC ben8fi1s Ihat ￿ attribu￿8 to th assotvAI fknw to thè èntfjty and the falr value of the assot can b8 moasur•d r6llabty', th8 Intswlblè ass81 arls88 from contractual or other bgal rlghts: fènd th9 kntanglble 8￿1 1$ sepw8bl8 Ircrfn tho entsty. Amortisatkin Is racc#Jnls•d so as to V*Tbts off costorvaluallon olassats1888 th8tr T8Bklual Trrdluos ov•r th#lr usefvl Ilves on Ihe follo￿n9 bases: Webslte costs - 20 % straight line 1.7 Flx•d Tangible fixed assets are inilially Tr￿s￿ed at cx)3t and thequenuy at rn¥t or v8luatkn. net of dep￿datiOn and any Imp41mw￿IoS9as. Depreclatk)n ￿ rnctsJn1s￿ so a5 to off rA%torvalualK)n ofass8ts re￿U01 values ovw thBlr usofvl Irves (In th8 fdlowing bases.. Hant and mathlnory Flxtur08 and ffittir Computer Leasehold propety - 20 % strapJhl I￿e - 33 % swht Iw)e (Ner the tem) of Ih&16898 The galn or k)ss arisi￿ on the ￿￿pOS0[ of ￿ asset 15 determined as the d￿rence betts￿ $918 procwds and tho carrykng valu8 of Ihe asset Is re(rynlsed In Ihe st•lom8nt offlnandal adlvltlg$. The group h85 8 polw lo w6tallse kndlvhknl a88•ts costiry undw £300. 1.8 Flx•d assot Inv•stm•nts Investments n sUb￿"d1￿￿9 at Va￿ed at cvsl legs for Inyalnn*)t. 1.9 Impalmi•nt ol flx•d a¥8•ts Fixed ass8ts ar8 r6vloW￿ lor knpthnont 11 •b*nts or chanps In (knThstancAs Indlcate thal thè ￿ng amounl of such a880ts may noi be recoverable. If tharn is an irKlThtion of possible vrpaimienL the rgcfjwrable amount of any affected Bsset is eslNnated arbj cc¥npored again$1 118 carrylNJ amounl. Wher• 88twnated re¢))verable ar￿Unt is l(y*v, an wryirnent b9¥ is recognised Immwjialgty li profil loss. 1.10 Stock Stocks arn valued al the kxv cl ct)st not reaH8ablo vau8 aftw makhi9 du• •lowanc• for arwj slow mO￿r￿j loms. 1.11 Trnd• d•blor4 Tradg d8btors ar8 amounts due from custcrfners for mefehandi98 stld or sorvkA In the Ordlnary Jur5e of buskness. TTrJe debt￿5 are In#laUy roc(wkwJ al tran8(￿ wi¢*. LIBERDADE COMMUNITY DEVELOPMENT TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 1.12 Trad• u•dltorn Trade creditors are ￿19alK)n$ lo pay for wjs and servtes that have been Acquired In the ordlnary c(NJTse of businoss. Accounts payable are d8sslfied as cJJrrenl l￿bIll￿&S rflhe tharity does not ho¥9 an unwndlth)nal ryht, at the end of the reporb'ng perK)d, to defer 88ttlemenl of th8 c¥•dltor for al lèa8t t¥th nMMth8 aftor thè rewbrvJ date. Trade credltors are Inlllally r•rry11￿ al tran&iia>Jn wi(%. 1.13 Cash at bank and In hand Cash and cash aquival8nts I￿lUd& cash in h￿d. thposAs held at call wlth b8nk8. otr￿ short-lem Ihwbd investment5 Or￿inal matunts.es of Ihre8 rrThith8 or t•s8. aThJ bank overdfafts. Bank overdrafts ar8 shJwn 7th￿ borrthMngJ in cwrenl l&bl¥b¢s. 1.14 Corporatlon tax A8 a charlty. thè c£*mpary Is 8xempt frrxTr tax on IrKxMnè And g00r￿ lo the extent that the96 are awlled lo 118 ¢haril*Jle otyects. No tax charg85 ha4* arisen in the charity. 1.15 Pon•lons and oth•r polt￿11￿*m•TrI I￿11940￿n8 The group opÈraled 8 defined contributbn penskn 8¢hwno fj8 E4 penslon F48n under vh)Ich Ilxed contributFons are p8k1 Into a penslon bjrhfj and th8 group has ￿legal or conslnjctsve obfhJatlon lo pay further ¢ontribuliorA even rf the luA1 do88 fW)t IKhJ suifiaent assets tr) pay al empbyeas the ben8fi19 rfylating to •mploye8 3grvl(* In ts ¢urrent af¥J prKY wwjds. contribu11￿5 to defingd (￿nIr11xthn plan¥ are rocfjgnlzod In the Statement ol Financial Activibe5 vthen IW are due. 1.16 Estlmatlon un¢•rtalnly and Jtsdgemnts The pmpar8tOon olfinanclal ststgments req(Mes mwwJeTh*nt lo m8ke ￿d￿M&nI5. 8gthn8t¢9 8nd 49¥4rnPtIo th818ffect the amounts re￿￿1. These estimates pK*wients •re continualy revlewed and are based on experience and other factors. 8xpeththyM of f￿jr? 8¥ents trtal are bd18￿1 to t* reasonable ￿dar th8 Cjrcumstsn￿S. Oonallorw and l•g•¢l•• Unr•strld•d fund R•8trfct fund• Total 2025 Donatlons Grants rnceivalAe 42,073 92.463 134,536 42.073 338.491 380.$64 246,028 246,028 Unrnstrlct•d fund• R•4¢rf¢l•d fund• Total 2024 Donalk 194,813 194.813 200,169 200,169 LIBERDADE COMMUNITY DEVELOPMENT TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 I￿oM• from Gh•rllabh actfvlll lJnrnstrfct•d ndJ 2025 R•strlet•d lund8 2025 TotAI 2025 U88T Irthmtr Tlckgt Incomo Grants 154,738 115.876 154.738 115,876 270.614 270,614 Unr•8lrl¢t•d lund• 2024 R•strlct•d lund• 2024 Total 2024 User inc•)me Ticket IrK)3m Grants rELYlvab 121.265 121.285 46.684 1.994,463 2.162.412 175.0(Kl 342.949 1,819.463 1.819.463 Other tradlng 4¢tlvlll fund$ 2025 Total 2024 2025 Evont in¢yJn8 31.151 31.151 31.151 31.151 43.393 43,393 Oth•r In¢om• Unr•4tr1¢t•d funds 2025 Totsl 2025 Totsl 2024 Inc£rfne from trading subsKliary Rental Incomo 316.707 38.822 355.529 316,707 38,822 355,529 153.329 8.430 159.759 Expo￿ltUr• on r•l•lng fund• Unrestrlct•d funds Total fvnd• 2025 2025 Total 2024 Tradin9 subsidiary costs Costs of r￿ne￿IeVents 283,902 103.592 387.494 283.902 103,592 387A94 146.245 78,716 224.961 LIBERDADE COMMUNITY DEVELOPMENT TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Charllable aL*lvl¢le• Actlvitl ndortak•n dlrectty 202S Support co¥ts {not• 81 2025 Total 2025 Ch￿l8￿e 511,206 S11.206 294,040 294,040 805.246 805.246 undertaken dlrectly 2024 Support ¢o•ts (not• 8) 2024 2024 Chorflable ocIMWes 194.890 194,890 200.418 200.418 395.308 395,308 2025 2014 An41y¥l¥ pgrfund Unrestricted Rastrktèd 620.278 114,968 805,246 245.089 150.219 395.308 Support Gov•rnan Total 2025 2025 2Q25 General costs Audit fees Other fees paKI to auditor5 l and prolejsional 251.567 251,567 13,225 13.225 27.9LfJ 42.473 27,900 294.040 251.567 24 LIBERDADE COMMUNITY DEVELOPMEKf TRUST IKITES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Anatysls of support and gov•rnanc• ¢￿ts Iconlkn￿d) pport Governance Colts costs 2024 2024 Total 2024 Gonernl SLWrt (x*ts Jjdit fees othor le8s pald to 174,969 174.969 11.680 3.310 10,459 200.418 11,68D 3,310 10.459 25,449 174,969 N•1 In¢¢)ft￿ng l 0￿goIng r••ourc•• ToL*l 2025 Tot•1 2024 Ajjdit fees Other ncTrot*J5t sorvk• Amortisation Dèweci8tK>n 13,225 11.680 3,310 89,672 60.004 10. Stsff cos1* 2025 2024 W8ges and saltsries Soraal securlty rnsts Penslon r))nlrlbutlon8 566.476 35.003 10,927 612.406 432,327 27,834 8,532 468,693 The average number Olperx￿s empkyfftd by tho group the yoar wa8 as folkwJ 2025 No 15 21 2024 No 16 10 26 FUN tlme P8rt time No •mploy008 8Mlkn￿ ol nK>r8 Ihan £60.(MXI tho year. The total empbyee benefits ofthe key mang9￿￿nI pwwnnd ofts grcwjpwern £89,31712024- £84,647> 11. Tru¥t••s' r•mun•rallon and •xp•ft• During th y8ar. no tfU5t8es rgcAiwd any rmineralKm or (ther benefits (2024.. £nll. During Ihe year ￿mIed 31 Mwch 21y25. rK* trwtees. exyrA88 h8¥0 Incxmd (2024.. Én1￿. LIBERDADE COMMUNITY DEVELOPMENT TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 PAARCH 2025 12. Taxatlon The eharfty Is exgmpl from tsx ￿ In4>)me galns lo Iho 8xl•nl that th080 arn aP￿￿d to ils Char￿81￿0 oW8cts. No tax charges have arisen n the Ltharity. 13. IntaTrglble ￿•d ass•ts Oroup charlty W•bslt• co¥t• Totsl Cost At I WI 2024 Aldilions Dlsposa18 12.300 12,300 At 31 Mar(* 2025 12.3rKI 12.300 Amortl8atloD At 1 April 2024 Charge for the year Ellmlnaled on dl8W8ais 2,460 At 31 Merch 2025 2.460 Net book value Al 31 Marth 2025 At 31 Merch 2024 12.3C 12,300 LIBERDADE COMMUNITY DEVELOPIAENT TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 14. T•nglbl• flx•d ￿•1* Group and charlty Loryi I•4￿hOld Flxthm and Computer pmp•rty fthgs equlpment Plant ma¢hln•ry Total Cost Ai 1 April 2024 Addllk)ns DIsp05815 2.937215 115.070 1,724 36.476 2.526 194.513 3.283.274 4,250 At 31 Marth 2025 2,937.215 116.794 39,OC12 194.513 3,287,524 tkpr•cl•tlon Al 1 April 2024 Charge fLY the year Elh)In8t8d ￿ d15FX)5815 132,949 56.744 79.449 14,138 30.195 116.564 15.567 359.157 89.672 At 31 March 2025 189,693 93.587 33.418 132,131 44B,B29 Not book valu• At 31 March W25 2.747.522 23,207 62.382 2.B38.69S At 31 March %Y24 2,￿.266 35.621 6281 77.949 2,924,117 15. Flx•d ••s•l Inv•8lm•nt• Charty Sub¥ldl•ry undartakln Co•1 or valu*k At 1 hwil 2024 100 At 31 2025 100 N•t book valu• At 31 Marc* 2025 100 At 31 March 2024 100 LIBERDADE COMMUNITY DEVELOPMENT TRUST NOTES TO THE FINANCIAL STATEMEKfs FOR THE YEAR ENDED 31 MARCH 2025 15. Flx•d ￿sAt Inv•slm•nts (contlnu•d) Sub•ldl•rl•• The followiThJ was a sthkJ8ry wwJ8rlakng oflhe chaiity: N*Th al WKlert•klng ClasB of sha % Held Dlr•cl Ubenladg Tradlng Lhrlt•d Owatth of bw eAle facHM89 Ordlnwy 100 Regl¥lerwJ offlce address {UK 01he￿I￿ irnllcabj).. Gosforth Hall. Reg¢rrt F•rn Road. Nth¥ca808 Uwi T￿, Tyne Wear. NE3 3HD The financiBI resuhs of vAre 8$ foArMs.' 2025 2024 Inrxxn ExF*Klilure 316.707 1288.230) 153.329 1146,2451 Prollt l (knsl for the y 28,471 7,084 Nel 858818 28.571 7.184 16. Group 2025 Char 2025 Charlty 2024 20Z4 Slixks 6236 17. D•b¢or4 Group 2025 Group 2024 Charty 2025 Charlty 2024 Tradg dobtLYS Pr8paym8nts and ac(xuBd wKom Amounts duo from group undertairwp Other debto 39.655 B8.701 18,678 22.311 10,454 33.159 88,701 53,049 22,311 842 43.505 129.198 52,309 175,751 LIBERDADE COMMUNITY DEVELoPmEP￿ TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 18. Cr•dltor4: •mounts f•lllng du• T*lthln 1 Group 2025 Group 2024 Charlty 2025 Charlty 2024 Bank bans Trade credilcffs Amounts to gnyjp urwJèrt8kkng¥ Taxation and sodal 88fJfflty other creditors Accruals and in¢>)me 14.340 1&725 11.4¢XI 18.750 14.340 11,216 11,400 16,684 17219 3,859 84.706 135,855 15.865 5.522 120.934 171,841 5,730 3.859 78.425 113,576 14,657 1,447 120,504 164,672 Included in Brrniab and defwr•d Incorm is tho fokn•ing r￿ed ￿lI1•mInI has r￿1 bggn mot in the ￿rIen1 ye8f: Group 2025 Group 2024 Ch*rlty 2025 Ch•rfty 2024 Dolorrod inrA)me at 1 WI 2024 17.637 17.637 30.460 per¢ods Income defeThed n the yvar 0gferrBd income at 31 Marc* 202S {17,63n 19.9n 19.9n 130.460} {17.637) 130.4801 17.637 17.637 19,973 19.973 17,837 17,637 19. Credltors: •nount• faNlng du• *ft•r 1 year Group 2025 Ch•tlty 2025 Charfty 2024 2024 Bank k)ans 14.423 14,423 14,423 f4,423 Borrowlng• 2025 2024 Bank k)ans 14.346 14.346 25.823 25,823 At 31 Marth 2025 Payablfr wlth on8 yoar 14.346 11,400 Payab￿ aftw onè year 14,423 Bounc8 back loan Is denomlnatsd In storflng a Th)mlnal Interèst rats d2.5% (2024- 2.5%>, and thè baLrynce ha5 been repald In full by group afttsr the (￿rrent peri(xl er￿. LIBERDAOE COMMUNITY DEVELOPMENT TRUST NOTES TO THE FINANCIAL S7ATEIAENTS FOR THE YEAR ENDED 31 MARCH 2025 21. Stat•m•nt ollund• Balanc• at 1 Apr2024 Balanc• •t Tran$f•rn 31 Mar 2025 Gft>up- cuff•nt ￿•r kncom• Exp•ndllur• Gen•rnl funds 277.598 791.830 (￿.117) 109,311 D•slgnat•d Capital refurtiishmenl ftfKI 2.358.901 47.655 2,311.246 Totsl wwMtsl¢t•d 2.636.499 791.830 1,IX17,7 1420.557 RMtrlcl•d fmdl Prvperty Fund NCIF National Lottery ￿rn￿ Funds Revenue Gr8nt The GOSIN￿ FouKlalwJn ACE Grassroc45 Mus ACE SurvN8 & Thrive Access Reach Fund Communlty Found8th)n wel￿sleY Garfield Wost {9.OY)) (30.0(M)) (55.472) 436,275 30.CrtX) 15,472 40.(hX) 12.500 12,5011 18.043 20,058 7,780 11.95n 169.740> 15.9501 89,798 13,730 10.IYXI 10,000 12.759 1184.9681 17.241 521.897 460.837 246.028 Total lund• 3.097,336 1.037.858 {1.192.7401 2.942.454 Transf•rn Transfers anrunllng lo £nW {2024: £1.942,046} w8rn made durlTrJ th8 yw In rnspBd offU￿lS caF41allsed. LIBERDADE COMMUNITY DEVELOPMENT TRUST NOTES TO THE FINANCIAL STATEMEMTS FOR THE YEAR ENDED 31 MARCH 2025 5t•t•mont ol fvnds {Mnllnu•d) Balanc• at l Apr 2023 Balance at Incom• Exp•Trthtur• Trnn•fws 31 Mar 2024 Group- prfor y•*r Genèral fvnds 613.046 551.457 {470.OS)I (416.855) ZTI,598 DesIgnat￿ fund¥ C4)ital refurbishment 2.358,901 2,358.901 Total unr•strfct•d 613,1)46 S51,437 (470,050) 1,942,046 2,631,499 Azts Cound Property FurKI NCIF National Lottéry emmurlty Funds R8venue Grant Foyts C8pilal Prry'ect SclKK)l For Social SESF Nallonal Lottwy Fund cap￿81 YIF Capital Prr4erA The ClotlwKrtOfJ' Foundallon The Wotrson FoUnd8￿n 3￿,027 194.813 30,LIyJ {23.82T) (9,090) (30,C#)O) (64.528) 13e6,200> 259.642 445,365 15,472 75,IXM) 3.636 ITS,000) (3,636> 2.871 {S2,8711 119.138> 11258.528) 197.677 1.079.989 114.447 (114.4471 75,000 $38.826 2.014278 5.0th) {150219) 11.942.046) 400.837 Total lunds 1.151.8n 2.565.733 {6202691 3,097.336 Th• ap•cifK purpoues for Twhith the ffiJxls are to be ¥pl￿1 are as fol 31 LIBERDADE COMMUNITY DEVELOPMENT TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 21. 3tst•m•nl ol fuftd$ {conllnu•d) Tho speL¥fic purpos0 for ¥rt)ith tho fvndj oro trj bo appll•d arn •# folkn•rt.' Restrlcted fund•: Art¥ Councll (Capltal) Amount8 re(*ThYd lo Jwpp(xt the ofthe Cawta p￿￿1. Prowrty Fund Fund sel up to oc¢ount the 50 yoar lèasa takon on 15• JarMJ8ry tr23 at Gosfoth Centr8, the pr8mL88s h wtlch the cwai86. N•w¢a8tl• Culturnl Investrnent Fund (NCIF> Ajnounts rerANed lo be used for tho core ￿$1• ol Gc*fg1 modglkng and Th• Go•llng Foundatloft Amounts rec4ived to suppcrttho Ch¥￿Y in tr￿￿)a1 ol keeFVQ itne ￿1h prourmngs Ihey run free tr)8ltend. ACE Grns8rooti Amounts re(aved to 5W)P(xt the rnux lacllitbj at Gosftth ￿ Theatre. ACE Sur¥fvo & Thr1¥• Amounts re¢eNed to supp￿1 the S&T proiera focw rwftymrte pIr4￿me8, develoFrfiient of a Juth board, and p￿￿dir￿j free access to acfrlibes. Communlty Found•tlon- W•ll•s Arn￿nts r•e817**d to SWF￿a pmgramm8aOmed at y(Mry w)Jlts wlthloamirffj di8abrfilie8 In Newcaslle. G•rft•ld W•ston LIBERDADE COMMUNITY DEVELOPPAENT TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 IAARCH 2025 22. An8ly8h of n•t 4•8•ts b•tw••n lund• Unf•strl¢t•d G•nov•l 2025 R••trfct•d 2025 Tolal Fund¥ 2025 Intangible f￿e￿ assets Tanglblo Ilxed a889ts Net currenl assetslllOabV410s) Cr￿lit0F8 o¥or 1 >war Total n8t assets 2,402,43J 8.297 436.275 85.622 2,838,695 93,919 2.420.557 521.897 1,942,454 Gwer41 2024 Re8trlcted 2024 Totsl Funds 2024 Intanglble ffiX￿ assets Tangible flxgd 8ssets Nel curr8nt assetsll14abllU88} Credilof5 over 1 yeor Total not assets 12.300 2,478.752 159,B70 14,423) 2,836,4S9 12,3 2.924,117 175,342 114.4231 3.097.336 445.365 15.472 460,837 23. R•conclllatlon ol net mmm•nt In fvndg lo n•t ca¥h flow froffl op•rntkng athltl•s 2025 2024 N8t incom8 1 (exp8nthlwel Ihg yaar AdJu$tmonts for. Oepred8tl(M) Arfthisat Increase I Ide(TBasg1 In def8rr&1 In(yJm• Ilncrnasel I deuease in stod(s Iln¢ro0¥01 I deuea8e In debtor5 Incrgaso 1 {deueas81 In Cr&j￿r8 N•t c•¥h provld•d by operntlng •ctlvltl•¥ 1154.882) 1.945,464 89,6n 2,336 249 85.603 41.268 (15.7401 (12,823) (5.6171 (7.7861 213,595 1.765,647 LIBERDADE COMMUNITY DEVELOPMENT TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Analpl• of Ghanqn kn n•1 d•b¢ At1AwN 2024 Oth•r non- Ca•h I1￿ cmh ¢hang•• Al 31 March 2025 Cash at bank In hand Loans due within 1 year Loans du8 more Ih8n 1 ye 211.5LXI (11.4tL)} 14.423 185.677 131.4671 (2.9161 14.423 <19.9901 180,033 (14.3461 105.687 25. Penslon cofflmftm•nts The group op8ratss a dèfinod contrlixjthjn p￿fjon scheme. Th8 assots 01th8 sch8m8 aro soparatsty from those of the group independently *Jminislernd fuThJ. The pensK)n cost charge represents cuntributTon8 payable by the group to the luTrJ and amounte(I 10 É10.927 {2024: £8.5321 in the year. Al the bolance sheet dat8 anK)unts were paythe lo Ihe lund of£381 {2024.' £1,447> tAffiic** ar8 induded in tYethlw& 26. R•l•t•d p•ty tr4n••cllon• Ch•rfty Ixjthg lh8 JB8r, tho group mado th6 I￿?￿d party trar￿all￿￿. Llb•rdado Tradlng Llmlt•d (Th8 charlty 100% 01 th8 subsk*. L￿Ordad8 TradlrvJ Limiw. Thg (wpany rurts th8 bar and cafe al tho tsatre.) Dwing the year. Ihe sLthKlI￿ ￿fted its profits from the year lolallThJ £7.W. At the b$la￿a SI￿1 dalo, Ihe rnnt ikn Ircrfn Llberdade Tr8dlNJ Llmrted was £10.454 (2024- £53.049 due trLYn the 8ubskllary}.