REGISTERED CHARITY NUMBER: 11n099 dlled Flnanclal ForTh Y rEn 2025 Comm Tr TC Bromhead Limited Harscombe House 1 Darklake View Plymouth Devon PL6 7TL North Y mmunlt Trust inancial Stat8ments For The Year End8d 31 March 2025 Page Reference and Admlnlstrallve Delalls Report of Iha Trugt•o8 2 to 17 Ind8p8nd8nt Examlnorfs Roport 18 Statsment ol Flnanclal Actlvities 19 Balanc& Sheel 20 Noles lo the Flnanclol Stslements 21 to 27 Dolallod Stalem8nl of Flnonclal Advllles 28 ommunlt Trusl Cl Reference an For The Year En mlnl tall TRUSTEES E V Miller S Hill K Sproston {resigned 23.5.24} SJCarr Cllr M A Coker (resigned 23.5.24) Cllr T Tuohy (resigned 23.5.24} Cllr J Mccaty {appointed 23.5.241 Cllr A Freeman (appointed 23.5.241 Cllr K J Taylor (appoint￿ 23.5.24) R J Manning Cllr J Dingle PRINCIPAL ADDRESS Plymouth Sciencè Park Derriford Plymouth PL6 8BX REGISTERED CHARITY NUMBER 1171099 INDEPENDENT EXAMINER TC Bromhead Limited Harscombe House 1 Darklake View Plymouth Devon PL6 7TL TRUST ADMINISTRATOR Caroline P8rry BANKERS Lloyds TSB Bank plc Ral8igh Street Derry's Cross Plymouth Paga 1 North Yard Communi Trust CIO rEn The Trustees prèsent their report with thg financial statements of the charity for the year ending Monday 31st March 2025. The Trustees have adoptgd the provisions of Accounting and Reporting by Charities: Statement of Re¢ommendgd Practice applicable to Charities preparing their accounts in accordance with tho Financial Reporting Standards applicable in the UK and Republic of Ireland. (FRS 102) (effective 1st July 20191. Chalfs Introductlon l am dalighted to introdua& this year's Annual Raport for the linancial yaar to 31st March 2025. During Ihe financial year, the Trust awarded £107,631 in grants to 14 organisations, schools, and community groups. This brings the total amount distributed since th8 Trust's inception to £988,448. The Board r8mains dedicated to addressing the evolvlng needs wlthin the area of benellt, as demonstrated by Ihe wide variely ol funded projects and the continuation of multi-year grant commilments during this period. The impact of the cosl-of-livino crisis, reduced budgets, and the incr8as8d demand for free, low-cost activities, projects and 8v8nts Is evident in the application5 and outcomes proposed by applicants, hlghlightlng the community's pr8ssing challenges and the Trust's responsive approach. The volunteers on the Board Continue to strive to uphold the high standards that the communty has come to expect of us. They ensure that tha Trust is promoted through various channels which include social media and by attending gvents. Highlighls this year for community engagament include 60,300 vrews and engagamgnts on social media, as w911 as the continu8d support of the community. who talk to us about what they feel is needed within thg area and how Ihe projects, aclivities and evonts that wa fund maka a diffarence. We receive regular leedback from applicants including: ffilithout this amazing funding, th8 team would have struog18d to continu8 in grassroots football, meanlng that these children may not have had a football team to play for.. "All of the equipment purchased with the grant money has bgen Invaluable in the dellvery of the prolect and wlthout It the project could never have gone ahead.. "Thank youl Due to your supp)rt with these development activities the project has grown signilicantly and wlll continue to do 50.° Evidence that tha funding not only impacts the communty but the organi8alions, schools and groLtP8 who d81iver the projects, a¢livitie$ and event8. Lastly. I would lika lo ad{n0￿edge the work undertaken by the Trustees. who go above and bgyond lo ensLsre the funding is making a r8al difference to Ihe communities around us. Thelr tireless work and commitment havo ensured this is another succ8ssful year. Emma Mlller H(JAJJ Page 2 Communi Trust cio Re ort of the Trustees For Th Y r Ended 31 March 2025 Referenc8 and Admlnlstratlon Intomiatlon The North Yard Communty Trust CIO is a general grant giving charity which was sel up to manage £150,000 a year for 25 years for the promotion of any charitabl8 purpose5 for the benefit of the communities in the neIgh￿urhoods of Barne Barton. St Budeaux, Kings Tamarton. Waston Mill and Keyham. The area of b8n&fit as defined by the map. The North Yard Community Trust CIO is a Charitabla Incorporated Organisalion and is registered with th8 Charity Commi6sion- Number 1171099. Registered in England and Wales. Tho Charltles Oblectlves The objects of thg North Yard Communlty Trust CIO ara to advanc8 the following purposas for the b8nefit of those within the area ol beneflt as defined by the map- which is available on our w8bsite or upon requ@st: The promotlon of any charlt8bl8 purposes for the banelit of the communities in the n8ighbourhoods of Barne Barton, St Bud8aux, Klngs Tamerton, Keyham and Waston Mill In the Cty of Plymouth. In particular the advancement ol ed￿atiOn, citlzenship and community development, the PTolection of good health both mantal and physical and the relief ol poverty and sickness. Struoture, Management end Qovarnance Tho Trust's Hlstory The North Yard Communty Twst was established on 17th December 2012 as a company limited by gua￿ntee, without share capital, and wilh charitsble status. During its first year, leading up to 1 Oth Decamber 2013, the Board focused on developing essentlal governance structures, including policies, grant applicalion lorms, and a robust procoss to ensure applications aligned with both the needs of the community and the Trust's founding crit8ria. On 1 Olh December 2013, the Board hald its first grant me8ting and awarded the first round of grants to eligible applicants. On 1 st Decembgr 2016 Ihe Trust applied to the Charity Commission to become a charltable In¢oo)orated organisation (CIO) of th8 sam6 name (North Yard Community Trust) and this was lormalty constituted and agreed by the Board on Thursday 17th January 2017. The North Yard Communlty Trust CIO opgrat8s under Ihe Constllullon of a Charltable Incorporated Organlsatlon, wlth It5 Trustees serving as the sole voting members. Its purpose is to award grants in ling Wlth th8 Trus1'5 criteria, safeguard the charity's financial sustainablllty both now and in the future, and ensure continued d81ivgry of its charitable objectives. Struclurn The Board comprises up lo eleven Trustees who represent residents within the defin8d araa ol benefit. 01 these, up to seven are residenl Trustees, each required lo live in the speeilic area they wish to reprasent. In addition, Plymouth City Council may nominate up to four Councillors annually to serve on the Board. These nominations must include one Councillor 818Ct￿ to represent the Keyham ward, one lor the Weston Mill ward, and two Councillors elècted to r8pr8sant the combined areas ol BaTne Barton. St Bud&aux, and Kiros Tamerton. Upon appointment, all Trustees are fomially registered with the Charity Commission and are required to meet with the Chairperson for an induction sossion. This meeting outlines the Trust's aims and objectives, how th8S8 ar8 delivered, the expectations of Trustees. and the procoduros for assessing applications, reports, and evaluations. As part of the induction process, Trustees are also provided wllh a lull set of the Trust'5 policies. Th8re arè currèntly eight Trustees on the Board. and this number enables a wide range of views when discussing all Trust business. Thera are three vacancie5 currently: one for Barne Barton a￿1 on8 for the comblned area of St Budeaux arKI Kings Tamerton and on8 for Keyham. The Trust mak8s sure all vacancies aro widely advértised across multiple marketing channels lo reach as broa(J and diversa an audience as ￿$sible. Anyone interested in applying is en￿uraged to contact Ms Perry, who will provide a Trust Vacancy Pack The Vacancy Pack includgs fvll details about tho Twst. the expected ¢ommitmgnts. and an 8pplic8tion form. Applicants are invited to att9nd an informal meeting with a member of the Board to ask questions and share more about their interest in joinir)g the Trust. Applications for vacant positlDns are then ¢on5idered at Ihe next scheduled Board rneeting. All new Trust8es serv8 a six-month probation period whereby both the Board and the new recruit are abl8 to ensure that the person is abl& to ambgd the ethos of the Trust meets tho axp6¢lations of a charity trustee whilst also having the necessary attribut&s along with th8 time to fully commit to the Board. Page 3 North Y ort of the Tr arEn 1 March 202 F rTheY During this time support is given along wilh regular revi8ws allowing the new trusteg adequate opportunity to train and reach a potential whereby they Can aloro wilh existing truste8s ensure the North Yard Community Trust CIO reaches its full potential and achieves its objectives. Managemont and Governance Tha Trustees are rgsFN)nsible for tha management of the Trust and hold bi-monthly grant mgetings in January, March. May, July. September and Novgmber to Consider grant applications. A range of grant streams are available and are actively promot8d through th8 Trust's websits, social Tnedia channels, and direct engagemenl at m88tings with prospective applicants. Grant packs can be downloaded from the website or ur)on request via email. The grants availabla are.. The Community Grant.. This is for grants up to £500. Applicants may apply lor thls grant up to thrae tim8s per year, provided that all evaluation and roports for any previous grants are up to dale. Thi5 funding str8am can be accessed in addition to an exlsling Small. G8neral, school or Multi Year Grant. The Small Grant: This is for grants up kn £5,000. Applicants may not hold more than one Small Grant or Gener81 Grant slmullaneously. Before submitting any further applications to the Trust, all avaluations and reports for pievious grants must be lully up to date. The Mutti Year Grant- This grant can be awarded for a pertod of up to three years. Whilst receiving Ihis grant th8 applicant is not gligible for a Small or Gen8ral Grant but can apply for a Communty Grant. Before submitting any further applications to the Trust, all evaluations and rgports lor previous grants must ba fully up to dale. The General Grant.. Thls is lor any amount over £5,000. Applicants may not hohJ more than one Small Grant or General Grant simultaneously. Belore 8uLwnitting any further applications to the Trust. all avaluations and reports for previous grants must be fully up to date. Th8 School's Grant: This grant slream is for schoo15 applying for any amount over £500. Before submitting any lurther applications to the Trust, all 8valuations aThJ reports for prgvious grants must b8 fully up to date. The School's Grant.. Thls grant stream is for schools applying for any amount OV8r £500. Before submitting any furth8r appllcatlons to the Trust, all evaluations and reports lor pravious grants must b8 lully up to date. Reports, evaluations, and other busSness matters are discussed durinq application meetings when time permtls within the aganda. However. admin mgetings are held on the remaining months of the year to focus on other business ¥fvhén naaded, Ihis can includg tim8 sensltive grant applications, UFxlates from visits, evants attended, invites to attend funded projects and events, feedback received, and reviewing r8ports and evaluations. The Board dadicates at least one meeting oach year to reviewing and updating the Trust's p)lici89 and procedures. In addition, tha Chalrperson rnonitors developments in charity practice and regulaknry ch8nges throughout the y8ar, bringing any relevant updatss to the Board's attention as they arise. The Board regularly reviews all relevant documentation including application forms, raports, evalualions, and associated paperwork to ensure we continue lo deliver a high-quality service. F8adba¢k is cargfully considergd, and the Board will r8view how grants are promoted lo ensure accessibility and reach 1$ carefully cor6ider8d. Truslees are committed to continuous improvement and actively seek opportunities to enhance thè pr¢￿sSeS used to onsure the frjnding delivers the Maximum benefft to the communities within the defined area of benèfit. The TTuslees hold an Annual Meeting to formally adopi th8 Annual Aeport and Accounts. This meeting also provides an opportunity to review hr)w well the charity has delivared on its aims and objectives. assoss Current policie5, and evaluate inveslment performance ovgr the past year. Administrative support is provided by Ms Perry, who is primarily employ8d by The Drake Foundatton. The Trust contributes 50Yo of her salary in exchange for 2.5 days ot dedicated work per week. The Chairperson works closely with Ms Perry to ensure all meeling paperwork is properly prepared before baing shared with th8 Board for review. Ms Perry serves as the first point of conkct lor grant enquiries and for those who have been awarded funding. When applioanls or grant r￿lPientS have questions or need addilional support, the Chairperson is available to meet with them, working alongside Ms Perry to holp ensure the Trusl runs smoothly. Both Ms Perry and the Chairparson or another member of Ihe Board hold regular drop ins at locations within the area of ben8fft for thos8 who would like to know mor8 about the Trust or who would like to apply. These sessions are highly valu8d by both potentral applicants and grant recipients, who ongage positively to gain further information ancl support. The Trust's accounting a￿1 financial reporting are managed by the Treasur8r, with support trom hvo Trustses. Treasurer Reports are presented at every Board meeling to maintain transparency and ensure claar linanclal accountability- An oxternal accountant is a150 employed to help the Trust meet ils legal and regulatory obligations. Paga 4 the Trustee For Tho Year Ended 31 Mar Th8 Trust actively uses all availab18 marketing channels to stay connected wtth th8 public. Our websitè is regularfy updated with information about funding award8d. bDard vacancies, upcoming evgnts, and links to our social medla plattorms. W8 also make proactive use of social m8dia, and as our profile continues to grow. SD too has our angagamanl and rgach. Attending events is a valuabl8 way for the Trust to g8ther feedback on community prioriti8s and naads: advertise vacancies on the Trust whiSe also building conn8ctions with local organisations. groups, and schools and we continuo to be invitsd to multiple 6vgnts throughout the ygar. Pollcles and Rlgk Manageffienl The Trustees are satislied that appropriate policies, procedures, theck3 and systsms are in place in order to mitigate exposure lo major risks and to ensure thal the Trust operates in accordance with all legal and regulatory rules and regulations. The Chairperson along with the Treasurer regularly review the Risk Register and the Trustees review this document during the Annual General Meeting. Tha principal rfsks indude operational risks in tsrms of grant making, investment P8rforman¢e, IT security, tinancial controls. conflicls ot Interast and rèputational risk for the charity. Key controls have bgon identified lor each prlncipai risk as lollows: Op8ratlonal Rlsk: The operational risks includa the Trust not receiving gTanl applications and ther81ore not being able to carry out its charitable obj80tIV8s. How8ver, tha Trust opèrates in an area of signrficant deprivation. with all designated areas of b8nefft ranking within the top 20 mDSt deprived according to the Indax of Multiple Deprivation in Plymouth. Organisations. groups, and schools seeking to enhance thair projects, 8ctiviti8s, and avents are facing rising operational costs Ihal are not matched by increases in income. As a result, thg Trust remains conlident that dgmand lor Its support will continue to be high. The Trust continue lo use all available marketing tools and resources available combined with those we fund acknowledging the funding on printed materials and online {whi¢h they Can tag Ihe Trust inl, attending events and visiting pro1￿ means we are a vlslble presenc8 In th8 communSty. Thare is an operational risk that grant funding may not be used to b8n8fit the intended beneficiaries. To help manage this, tha Trust maintains ¢lear application guideline5, monitors funded projects, and encourages regular feedback from racipignls to gnsuro the impact aligns with the outcomes sèl out. Any changes to thg project, including those aflocling th8 beneficiary group, must bg agre8d in writing by th8 Trust before they take place. Thi5 ensur8s we can monitor all adjustments and assess their projected impact. The Twst oporatsa wilhin a designated area of benefit, and to en8ure we meet this commitment, po8tcodes are collected where appropriate during the application process, as well as through mid-tsrm reports and evaluations. This h@Ips us monitor our impact acr&ss different areas and ensures that the beneficiaries are from within the communities we were sel up to SUPPOrt. An operational risk exists where applicants do not submit a reF)Ort or evaluation alonoslde Ilnancial evldence to verlty all expenditure. It 15 set out clearly in the Temis and Conditions and again roferenced In an award email thal this Is a requirgmgnt of the funding being awarded, The Trust will not consider application3 for any further grant streams unless all required paperwork from previous grants is up to date. Where there is a lailure to provide financial evidence, reports, or evaluations, t1￿ Twst r8serve5 the right to request the return of all or part of the funding for which proper documenlation has not been received. For General Grants where stsff cosls are included and mulliyear grants, paymenls are released in six-month in¢rements following the submission of a midterm report and annua1 evaluation. No further paymants are mad8 until these documents havg bggn r9ceiv8d and reviewed, ensuring accountsbility and continued alignment with tha grant's original purpose. To help minimise operational rlsk during the application prO￿S5, the Trust audits each submission to onsuro all roquir8d pap8wirk is included. This includ8S that the papgmork is complete. and Counter signed including tho Application form, Ihe Terms and Conditions and the Financial Budget sheet. The Trust also require a constitution where applicable to bg submitted along with any up-lo-dat8 Annual Accounts and reports. The form requesls that the company regislration number of charity number is given and bank account$ must be in the name of the organisation with two unrelated signatories. All quotes submitted must ba from a ragister￿ businèss. The Trust checks all infomiation submitted lo minimiza tha risk and ansure tha Trust is wèll managed. Inv8stm8nt Performance: The Trnstees regularly review the perlormance ol inveslmants. Thg Trust accapt the inherant risk that may r85uIt in som8 years whereby th8 investment portfolio declines in value but reviewing the ￿rforMance of the investment ensur88 w8 8r8 confider)l in the allocation of these funds. Th8 Trust has a clear Investment Policy in place, along with defined criteria tor assessing any new potential investments. helping to manag8 risk and guide decision-rnaking. Page 5 North Yard Communl Trust CIO For Th8 Y IT S8curlty: The Trust has established practic85 to miligate IT-r81ated risks. including a robust Data Protection Policy with clgar guidelines on data handling and aC￿ss. These tngasur8s help sBf8guard personal data, ensure compliance with regulatiors, and maintain the integrity of our systems. The Trust use a secure cloud-based management platform and implemenls reguSar dala backups. The Trust8es are encouraged to US8 Strong passwords and use dedlcated North Yard Community Trust CIO emails to access Trust reSatsd information. The Chairperson along with Ms Perry conducts an annual IT audit and ensures that sofvare ar￿ systems are kept up to date. The Trust nominate alrthorisgd signatories and all grant application5, and further papeThvork are screened by the administrator armj the Chairperson. Flnandal Controls: To limit the risk of grants not b8ing used for their intended purpose is mitigated by the usp ol a detailed budget 5he8t when applications ar9 madg along with counter signed Terms and Conditions clearly explaining that any deviation in Ihe expenditure of the granl may re5uIi in the return of part or all of the grant ensures that applicants are aware of their obligations piior to an award being made. Where the Board award part funding Addittonal Terms and Conditions are provided whlch must be signed and counter signed prior to the transfer of funding setting out the expectation of the Trust clearly. The Trust expgcl for multlyear grants a mldlemi rap)rt whi¢h is also sometimes used for the ganeral grants to assass impact. This helps Iha Trust monitor tha Impact of its funding. An evaluation is rg4uired at the end ol all funded activitias, projects, and 8vants, and Is carèfully reviewed against the original application to ensure the funding was used as intend. Financial 8vtéanc8 of grant axpanditure must ba submitted alongside the final evaluation to enable proper verification. This ensures transparency, confimis that lunds were us8d as intandad, and supports tha Trusvs commitment to accountability. Full organlsational details including charity number. Constitution, annual report and a bank account in the name of the organisation must be submitted with the Application and are validated by Ms Perry and the Chairperson or other nominated person for all grant5 prior to any transfer of funding which pr8vents a risk of fraudulent applications being submitted. ASI paperwork must also be countsr signed by someone withln the organlsatton who Is not related to the applicanL Thè Trust nominate aulhorlsed sionatories and there is a dual signing mandate on the bank syslem where two P8aple have to aulhorls8 any payment. This ensures that financial Controls arg in place and limits the possibiliiy of an error being made. Duties are segregated with tha Treasurar providir￿ up to data financial information at every megling for the Trustees to review. Conflict of Inter891: The Trustees have a detailed Policy in place to manage Conllicts ol Intergsl and Loyalty, SUPPOrted by an established procedure during rneetings. This Policy outlines how such conflicts can affect grant-making decisions and ensur85 they are handled transparently. This policy is reviewed annually to ensure that b8St practice is at the heart of everything we do. Trustee5 arg fully aware ol these procedures and follow them consistently. Any conflict Is declared at a scheduled PDint in the meetlng, and the Trustse Involv￿1 leavas the room during the relevant discussion to maintaln impartiallty and integrty. Safeguardlng: The Trust has a Safeguarding pollcy deslgned to protect the Trust. Alongside thi5 the Trust has a Saleguarding Slatoment which outlings thg Standards and oxpectations the Trust has for applicants, 8n5uring that all funded a¢livlties, projects and events are delivered safely and responsibly. On thg Application form there is a section requiring the applicant to inlomi th8 Board if tha Safeguarding Policy within Ihe organi5alion, group or school is up to dal6 and to confirm that DBS checks are current and valid. Th8S8 docum8nts help reinforce our commitment to sal8guarding across all aspects of our grant making and ensure that all staff volunteers aThJ beneficiaries are protectsd. Equallty, Dlvor81ty and Incluslon: While there is a risk that funding may not reach a sufficienlly diverse rangè of Poople, this is actively mitsgated by the diverse community in which the Trust OPgrat8s and the wide variety of applications rec8ived which reflect thg ongoing engag8mant and inclusFV8 OUtr8ach 8lforts which h81p to ensure th81 funding continues to reach thos@ from diff8r8nl ages, ethnicilias, backgrounds, experiences and needs. The Trust aims to b8 accessible, transparent and straightloThvard in our approach to granl making and actbvety support dlvarse groups and communities. Reputatlon: Best practice is at the heart of all of our woth, and we endeavour to ensure that all contact with the public and applicants is done in a professional and courteous way. The Trust maintain a PDSitive and confident approach in all interactions with the public and applicants and wi11 visit projects, events or activiti6S that are funded when ab18 to. Trust88s are informed and knowledgeable ol our practlC8s and procedures and can offer clear advica wh6n requested on how to apply and what we fund Nvhen inteTacting on behall of the Trust. Atl public slalem8nts go through the Chairperson to ensure that we mainlain a professional and consistent approach to publishing the Trust in th8 media. The Trust88s are also I￿al residents and some work within the local area, and this provides the opportunily to bg fully aFpraised of 8vents which give rise to unwelcome media attention and hence a reputational risk. Environmental: All applications were completed electronically during this p8ri(xJ, wilh 1000/0 processed online. Trustees received all documentation digitally, significantly reducing the need for yaper and printing. The Trust reTn8ins committed to minimising its environmental impact and continues to explore ways to reduce ils carbjn footprint through sustainable practices. Page 6 Comm nl ee d 31 March 2025 rEn In¢ome and Grant Maklng Pollcy Prlncipal Fundlng The principal funding for the North Yard Community Trust CIO corngs from a Section 106 agreemgnt batwean MVV Environmental Devonport Ltd and Plymouth City Council. This aoreernent is for a period of 25 y8ars and will conclude in 2037. The funding amounts to a minimum each year of £150,000. Golng Concorn The Trusl8es ar8 confident that North Yard Community Trust CIO has adequate resources to continue in operational existence for thg fores88ablg future. Under the agreement with MW Environmental Devonport Ltd and Plymouth City Council, the Trust will receive annual paymants unll 2037. To ensure the sustainability ol grant-making beyond this period, the Trustees are making provisions to build a long-term resoNe. This financial planning will help secure Ihe Trust's fulLJre and its ability to support the communlty. A¢¢ordingly, the Trust888 consider the charity to b9 a going concern, and the report and accounts hav8 bean prepared on this basis. Granl Maklng Pollcy gnd Proce(luro8 North Yard Community Trust CIO awards grants to organisalions that oparata for public b@n8fit. Eligiblg applicants include community groups, voluntary oTganisalions, registered charilies, and sthools. All oraanisations must demonstrate that th8ir activilios align with one or more charitable purposes as delined in tha Charities Act 2011 and deliver measurable bengfits to residents in the area ol benefit. The Trust does not fund Individuals. All applicants must provide the poslcodas of all banofi¢iaries associated with the proposed project, activity, or event. This requirement applies at the application stage Iwhgre applicable), for teneficiaries already engaged, and durirwJ the mithtsrm reporting and evaluation staggs. The poslcode data will b8 US8d to assess the geographic reach and local irnpact of funded initiatives, ensuring alignment with the Trust's obj'ectivas to benefit communities within the designated area of benefit. The Trust andaavours to keep the application process simple and streamlined, t8king into account accessibility and providing support when nec&ssary to applicants at both the appllcation and evaluation stages. During this flnancial p8rfod 1 OOVO of applicallons recelved were submitted onlin8. Stèp by step guidelines as to how to mak8 a grant application together with helpful details of the criteria, what tho Trusl will, and will not fund Can be found on the Guidanc8 for Funding which is contained in each grant pack available on our website or can ba raquegted by email or phone. Each grant pack ¢ontsins the Application, Budget Spreadshe&l. Guidance for Funding and the General Terms and Conditions. The Trust require an accurate breakdown of all Costs arKI for material items ol over £500 or structural work th8 arplicant musl submit thr8e quoles from a professional regulatsd company. For projects anrj activities over £5,000 the Trust request a 'Project Plan, b8 included. The Trust welcome match funding to maximise financial opportunities and enha￿e the overall Impact on prolects, a¢livities and events. Applicants who are awarded a large General Grant or Multiyear grant are encouraged to seek additional sources of funding whero possiblo as this demonstrates sustainability. community engagement and a commilment whera appropriate to thg lono-tgrm impacts ol projecls and activities in the community. The Trusl also acknowladga the impact in-kind contributions make to projects, activities and ev8nts and encourages applicants to highlight the$9 Wlthin their application. reports and evaluations such as volunte8r time, donated materials and venue use. 1n.kind contributions can enhance thg reach and effectivéness of fundgd projocts, activities and events and recognising these contributions helps thè Trust better understand the community engagement and value behind each funded project, activity or 8vent. The Trust welcomes lettgrs of support from individuals or organisations working in partnorship wilh the applicant. Thes8 endor89ments help demonslrate the strength of collaborative working by show￿1n9 community engaggment, shared resources, and aligned objectiV8S. All applications are considered on an individual basis, and th8 Trust do not consider funding requests where thare ar8 any oulstarKling reports or evaluations. Th@ Trust can award funding for a period of up to three yoars. For General Grants where stsff costs are included and mulliyear grants, payments are relea$eé in six-month incrgmenls followlng the submission of a midte￿ report and annual evaluation. No lurther payments are made until th9s8 documents have bean received and reviewed, ensuring accounlability and cotrtinued alignment with the grant's original purpose. Wherever possible visits and or meetings are made by Iha Trust8es to gain a better understanding ot the applicants, requirements and regular contact is mainlained with recipients of grants for monitoring purposes while also taking care to minimis8 the reporting burden. Where additional conditions are set by the Trust, they will be issued alongside th8 Award Letter. Those conditions musl be signed and counter-signed, then returned to the Trust belorg any funding is released. For all successful applicants. payments are made via online banking. Each transaction requiras authorisation trom two designated signatories of the Trust before funds are releas8d. Where applicant5 aro awaÉling the result of match funding the Trust vvill pledge an amount lowards the project or activity and once a Pledge Release Form is completed with evidence ol match funding the funding is relaasad to th8 applicant. Page 7 h Y rd Communll Trusl Cl For The Year En Unsuccessful applicants are informed ol the Boards dgcision and cannot reapply for the same prolecL activity or event within six month5 of the date of nolification of the decision unl8ss there arg exceptional circumstancas. Once the appli¢alions have been reviewed and checked by Ms P8rry and tha Chairperson. they are sant to thè Board who follow an eslthlishgd pr￿SS asking questions ahgad of the Fneeling if requir8d. An agenda is sent ahea(l of the meeting and during tho meeting at th6 scheduled part Conflicts of interest are dedar8d Ihe person leave8 th@ room during thg discussion relating to thls ¢onllict. In ordgr to provide furthor transparency in the grant making process the Trust publishes its grants on our website. An evaluation must be completed within one month of the ¢onclusion of any funded project, aclivity, or event. All funding unless agreed otherwise must be used within Iwelve months from the date of the award. Financial evidence must be submitted to support the exp8nditure of the grant. During the liSe of the grant tho Trustees ancleavour to visit the project, activity or 8vent and identity this as bringing intrinsic value both to our roles as well as fosterlng good relalions in the community. The Trust also understand that at times applicants may naed to alter or adapt their project. actlvity or evenl to ensure that they achleve their aims and obj8Ctivgs. As per the Tèrms Conditior6. the Trust must be informed ol any proposed changes before they are implemented or bafore funding is spent on items not spacified in the origlnal appliealion. This ensures that the project, activlty, or event remains aligned with tha awarded funding and continuas to meet the charitable purposes for which it was approved. Publlc Benollt North Yard Community Trust CIO operates in accordance wlh Section 2{1)(b) of the Charltl8s Act 2011, with due regard to the Charity Commission's guidance on public benefit. The Trust ensures thal all funded activitie5 demonstrably serye the public interest. Applicants must demonstrate Ihat their proposed projecls align wilh one or more charitable purposes as defined in Section 3(11 of thg Act and deliver measurable benefits to the community living within the Trust's d8signat8d ar8a of benefit. The Board also adhgr8S to this guidance when reviewing the Trust's aims and objectives, setting grant-making policies, and making funding decisions. Achlevamenls and Performanco During this perlod the Twst has confjnued to maintain a presence within the North Yard Community Trust area of ben8fil and Is recognised as a progressive Board who works to ensure that th& community benefits from the funding. The list of funding provlded can be found later in this report. It highlights the positiv8 impacl of th8 Trust's support and reinforces the importance of continuing the valuable work Currently being carrled out by our dedicated volunteers. Invasimenl Porformance The North Yard Community Trust CIO currently have £50.000 invested wilh Plymouth Energy Communlty whlch produced a yield of £2.000 for the year ending 3110312025. The Trust also hold a 40-day notice account with Charity Bank which prcwjuced a yield 01 £1,012 during this reportlng period. The Trust hold a 35.day notice account wilh Nationwidg which pr¢xluced a yield of £2,896. The Trusl hold a 32-day notice account with Lloyd$ TSB which produced a yiald 01 £1,935 and a Lloyds TSB Instant Access Account which produced a yiald of £1.122 and Lloyds TSB 6 Month Fixed Rate Bond which fflalured during this reporting riod producing a yi8ld of £2,647. The funds placed into invgslment accounts during thi5 accounting period have generated increased yields compar8d to the previous year, reflecting posttive growlh and 9ffective financial tnanagement. Theie is currently £279,771 ringfenc8d by the Trust for further investments and during the next reporting period the Trust will be seeking professional advice and guidance with regards to maximising inv8stm8nt opportunities in line with the Trust's Investment Policy. This ringfenced funding will allow the Trust to continua to have funding available after 2037 when Ihe Sgction 106 payments ce&8e. Flnanclal Revlew In a¢wrdan¢e wilh the required accounting policy grants are r￿OgnIsed in the yaar in which they werg awarded with mulliyear grants ringfenced at the point of agreement. All grants ar8 recognised whgn approved by the Trust and communicated to the recipients, irrespective of whether they ar8 a single payment or multiyear grant. Costs The Trust's Operational Costs remain low and are reviewed annually lo ensure thèy iemain proportionate to incoming funding. This approach supports responsible financial management and maximises the funds available for community benefit. Pag8 8 North Yard Commun Trust C rEn Reserves Tha Tiust 8ach year ringfenc8 the total arnount for ringf8nc8d grant funding which at the end of this financial period tot8lled £114,384. During the 2023-2024 period, the Trust awarded three multi-year grant5. These grants havo scheduled annual paym8nts due in subsgquent linancial years. with funding ringfenced at the point of agreement to ensure continued support and financial clarity which is still accounted for in this period. Thère were two multiyear granls awarded during this linancial pgriod for which th8 funds have been ringfencAd and ona amount pledggd. The North Yard Community Twst CIO maintains low overheads, ensurirKJ that the majority of funding is directed toward ommunity benelit. The Twst holds financial reserves to meet the predicted community annual outgoings each yaar. When detsrmining the appropriate level of reserves, the Trust carefully considers projected income and 8xpenditur6 10 ensure financial sustainability and responsible planning. The total cost rIngfenc￿l for wmmitted annuat outgoings is £17,658. Total reserve$ for the year ending 31 March 2025 are £1,467,227 (2024.. £1,316,994). In planning for the future and taking into account the reseNes that the Trust holds, the Trust remalns focused on the longer temi. particularly beyond 2037 whan Section 106 funding comes to an end, ensuring that a lasting legacy Is 8slablish8d. At the sama tima, we are Committed to maximising opportunities to collaborate wilh community groups, organisalions, schools, and charities $0 Ihat all potential uses of funding are fu51y 8xplor8d. Over the next 12 months, we will also r8fl8ct on the ar82 of benefit to ensure our work continues to deliver th8 greatest possible impact. Grants Ilecolved Durlng Th18 Perlod and Perforniance Revlew Applications ¢onlinug lo be received throughout the year on a rolling basis whereby ihey are raviewed by Ms Parry and the Chairperson betore being 88nt to the Board ahead of an Awlication Meeting. Applicants are informad wh8n submitting documents ol any additional inlormation required or questions raised ar￿ informed of the next scheduled meeling wher& the application wlll be considered. This process enBurgs that the Board have all necessary documentation and information to make an informed declsion on the application. Meetlng tha objectives of the Trust is at Ihg lorefront of the Board decislons when application decisions are made. Occasionally, after tha Board has dis¢u$sed an appltcalion lurther clarificalion or details are required, and thi5 is sought via amail or a moating with resp)nses gathered ahgad of th8 n8Xt scheduled m881ing. The Board is comrnitted to making timaly de¢islons, r8cogni$ing the potential irnpact that dglays in lunding can have on the applicants and wherg applicable to the beneficiaries. Th@ Board continues to actlvely promote tha Trust through a variety of marketing channgls, rasulting in a 53Yo increase in applicaliDn8 r8ceived comp8r8d to the previous yèar. This significant rise rgfl8cls the growing impact of th8 Trust and highlights the ongoing need for its support wllhin the North Yard Community Trust CIO area ol benefit. The increased engagement demonstrates that the Trust's work is resonating with the community and that its funding continues to play a Vit￿ role in addressing local needs. This y8ar. the Trust received a wide range of applications aimad al enhancing community wellbeing and opportunlty. These included projects to improve outdoor spaces with $8nsory and educational fealures, initiatives supporting sports and promoting physical, mental, and social wellb8ing, and multiple free community events benefiting all age groups within the area of benefit. Nolably, all events provided freg food for chlldren, which the Trust recognises as a vital measure in tackling food povety during school holidays. Funding also supported educational trips and residential experiences designed to raise aspirations among young people, oflering both leaming and wellbeiro benelils. Youth work and educational programm8s continue to be a key focus, with multi-year projects from previou5 funding rounds maintsining strong momentum and delivering sustained impact. The continued support of multiyear funding awards alongsld8 the n8w awards made during this period have ensured the Trusl have funded prolects. activities and ev8nts that have made a meaninglul difference acr055 all ages, geThJers and elhnlcities. The Board racognises not only the direct bengficiaries of the funded projects, activities and events but also the indirect beneficiaries through this support. During this period, it has included an increase in numbers attending groups as a rasult of a fun day which informed peopla of what groups and actlvilies take place in the centre and strengthening collaborative working among organisations and groups. All of these outcomes show the wide-reaching ban8fits throughout the ara8 of benefit of the funding. The impacts and outcomes are wide ranging, bul all encompass mental, social and physical wellbeing inittatives along with helping to pr8vent food poverty. raising aspirations of young people and providing supwrt including signposting to other local groups and organisations. The educational, social and emotional impact is key amongst all ag8 groups inspiring people and children to learn and shar8 new skills. These outcomes refl8¢t the Trust'5 commitment to fostering inclusive. community-driven change that reaches b8yond diract benoliciaries to strengthen the wtder area of benefit. During this financial period of Monday 1st April 2024 to Monday 31st March 2025. the Trust fe¢eived twenty-six applications which totalled £223.904 of which 65Yo {17) were fund8d, 12°/0 {3) were withdrawn aft8r submission but before funding was awarded. 190/0 {5) were unsuccessful and 4W. (11 has been carriad over to this next financial year. Page 9 mmunl ForTh Y rEn ed 31 March The tot￿ amount funded during this period was £107,631. Th8 funding lor rnultiyear orants agreed in thi5 p8rrod has been rinofen¢ed for the total gTant awarded. During this period. all grant streams weie utilised; however, for the first lime since the Covid pandemic. tha number of General Grants award6d has declined. Over Ihe coming linarbcial year, th8 Twst will explorg potgntial rgasons for this reduction. In contrasL therè was a notable increase in Community Grants, reflecting the growing d8mand for frae evants and aclivitigs in responsa to the ongoing cost-of-living crisis. The rise in Small Grants also highlights a shift toward smaller, high-impact initiatives that are making a meaniroful difference within the arga of benelit. Multi-year funding has remained consistent over th8 past two yeats, demonstrating the Trust's continued commitment to long-tsrm support for $u$taSnable projects. This year. tha Trust intrc#Juced the School's Grant to help the Boafd b8tl8r undersland how schools 8r8 supportlng children and young people. It also allows us to explore how our lunding can help schools grow and meet the needs of their pupils, while recognising tha academies responsibilities they already havg in place. Tyi)e of GrgL nt io Durlng this reporting period 6Y. (1} G8neral Grant was awarded, 240/0 141 Sfflall Grants were awarded, 53¥. (9} Community Giants were award6d, 89L111 school grant was awarded, and 110/0121 Mulliyear grants were awarded. 01 those funded 82Y. (14) wera awarded the full amount r8quested and 18Y¢* {3} were awarded part funding. The Trust recognises th8 signilicant valua that both match funding and in-kind contributions bring to projects, activilios, and events. During this period. £10,910.63 was s8cur8d in mal¢h funding from 88 1. {151 of applicants, with only 12V.12) submitting applicalions without identified match or in-kind support. While in-kind contributions are not financia5 in nalure, their impact is considerable, and the Trust acknowledges that such support is often undervalued in reporting meanlng the true figure may be higher. These additional resourc8s Énhance the reach and sustalnability of funded inibalives, increasing the overall benefit to the community. During the financial p&riod a diverse range of grants were awarded and are listed below. We know from the projected demographic infomiation. outcomes and collaborative working that benef￿larIeS of these projeds will be Nvide ranging comprising 811 ages, gend8rs, ethnicitl8s and needs. Page 10 North Yard Communlt Trust cio the Trusle8 March 2025 F rTh Y rE Communlty Grdnts The Pionew¥ Proi&CtC4C awarded &S(X) QD SUPPOrt thEir ev8nt'CommunityFun Day, hethl at The Barn on WEdn￿lay, 71st Auzust 2n24. ThE event ut4iiEed bDth irKloor taeililies the sirToundinK outdoor space, including the lor,ai park. OeliveTeql in collaboration with multiple Or￿n1￿￿tionS, the dJy d8sJllned to bB t>oth lunand IntDimat.ive. catarinE to all wps. All ach'¥ilie5 PTovided lYe8 of chaige, and flee food olleied to childTen. an Important cont￿￿tIOn durin school IM)tiday8 to help aliayiate fDDd powty and provlde IreB a￿1VitI￿S to ke•p children physically active and enzaE8rl. C•oiniviiinily Re￿neral￿n Outre8c.h Projects Lld vwere aWaTded E5DO iowallls theif proiect'cornrhunity nr., Proiect. The TV was ￿5t￿lled in Keyham Green Haces and holpsto Bupport a dlveTha iènge of activitie54 projec13 andeventsfor allaps. Thi5 has helped to improva educational opportMnitie5 and iTrcraa3Bd skills tOT children and adults ot all aaaB in a commiinty space. The Kirtts Tarnerto￿ Community A￿l￿On W8T? awarded £50D Ixywarda their event:'Famity Fun Day, on SatUTday 27th July 2024. The diyy provlded free Bclivitit for all aEes combined wilh liva muBiC and an evenin£ iamily disc￿ Free Iood WBB provided to children to help allevtBte I{￿d povprty dunng thp h(Alday pe¥lod. This Inltlats've also contrfbthed to the oNEiallwailbeinR ol lamlliBs and indr¥lduals ol all 2Aes within Ihe r￿MMunity This vlent vvz3 desiml lo bring the ior,Bl corrniunity toKelher and enabiB centie tv PTty&ide Informa￿0￿ on ZTOLJP8 and Bctivities Ithich lake placo durinlllhBwe?k. NarinB Academy Klnr6 FC liinder 7ts1 ￿re awarded E.437.6'1 lor Iheir WQiErt 'FootbJll E4uiprnent and Ae¥ource&' The new aqiirpmEnt gave Coach￿ the ritht toots to Fun Bfleclive tralnlnE Sesslons loi children under 7, helpln£ mDre youn chlldien In thea￿8 yptinvol¥ed ￿denJOYth8chfi￿C8 to ieBrn andplay. rhe ftsndknA created oppnrtunilles IOT chiidien to ImpT(we thrAT physical and emotional weilboin& Y4hila atso gi¥inK them the chancB to sociah'rJP and make new friend trIAHpNC PLYMOUTH INGS fc Promotinx Children in PtymDUth awarded £51ID lowaids their project 'Farms 10 Fork Re&identi31.' The fundinK made it Possible to pUich￿B equpmEnt that supported l)M> one-week residBnti313 for Year 6 puplls Irom two IDcxl schoo13 wtthin thE aiea ot benetit. Theue eXPBriEnc8B gave chikdrerj Ihe rh¥nce to learn new 3kn'1E4 build contidEnce. and onioy lin* tyxtr.thet faim. Page11 North Yard mm Icio stees For The Y 025 Klnlls lamerton Community AsSoclatlt￿ weTE awarded E5(bD Inwanls th* event 'Chitdreni thri5tTnas Part,y' un 8unday l Y, OEcovnber 20?A. The event. wa3 lie¥ lor chikdien undEi 16 included Iiee food and enteilainment, making it acteBsibie to families durinR 1he Ix)b'day pciii)tJ and hBlpln£ lo relive food pove￿. It ollered a valuable ¢hance IDr peDpletDCtune toKBthBI, BDclab'5e, and enjoythe Chrislmastss11¥ities. helpinE tDbDp$I mpnlaly￿lng acroasall 4e ¥oupB. Stpauls CalhDilc PtharySvhoolwerBawarded £480 tDward8 th8iTaCtiiryty'CMatAV4ry Arts- Theatre Royal Vijll'on Tuesday 7, January2025 for children in Reception3nd years Sand G. Th8yv4atrhed 8nowWhilE andthe SE¥en DwarfB pantomime. Thi5e%pEriencepriNidttd n educ&tsonat OPPDrtMnty iinkBd to classioDm iEaining lor )U èle #iuups whilBt. pnpjlding a lun and enXaKinA (Ipportmnlty to Wrétch J live pertoni￿n ' p.,iei£,s' Ythrla Road PriTnary and NuroEry Schot>l awathd £50D tow4n15 thdr project 'Victoda Iload Nurture and Support.. The lunding will enable tho sclKK>I lo purcha￿ a ol fumltura ar￿ Bolt liTni5htngS to mpko a 4af4 ralm and walcorn•nK spa￿ whore adults and children can bB provided support lor any chhlienge¥ that. they MBY lace elther in schoDI OT outsid St Pauts CathDtic Prlmary School awardod £194.BD tDW71d3 thEir 'Cthtck Hatching Project., This pro¥ided the children wilh an eKcitinE. rich, hands-on leaminx expeilence as they l.ook part in tAking Care of 5evEn IrAilised eyxs and watchul thein hatch and Ihe r,hick5 grow. The project IoTmed part of th8 children EYFS laamiTrK undtt mulliple area5. All 84uipmenl véas pitwidedto enable this allKaKing eXPeiiEncetD take plar.8. Small Grants Keyham Kolts FoDtbaU Chjb I￿re pledged E?.,800 toWa￿S Ihelr prtiiett'Acli¥e Autism rand All Giw15 TEam.' Thp lunding will bB U￿ed to Purchase kits for each tearn and a TrnEe of equipThenl tD enable Ihese t.wo nEW leaffis to traln and compelE ID matLhES, The woiect is aimed Bt i￿lOv￿￿Ethe physical anrl menl8LtheUbeingotyvung PBDpI8 OEed iindei 16. Pagg 12 munl Tru Tr d31 arch 2025 Unity ThiouRh Sport were BwBidEd E1.545 their projert 'Fit ar￿ FÈd Thrulth Unity.. The f￿dIn# provirlpd tt¥ee (uli days ul spi*t and activities tOT chiidreh B to Ifty with B Trthrit￿n￿1lY balanced prpthdEd. fhv 5es5iDns took place duiinx tha JclKX)I hDliday5 aimèd to Enable childrnTr Io Tnllke new friendts and galn mentaland physic￿ filnesB and aRility. li ni IElYL." Plymouth Library Service- St Budeaux wwe awardeLI E.3,725.94 toward& theiT project 'The St Budeaux L5b￿ry¢0￿Mu￿ItyG￿rdBn., fhB multipury>ose social space has bean cre8tsd into a communtly tsFden bringin£ peDple ol ali thmoAmphicB and ale3 toxether. Ihe space leal'tsres Iree WEUbEing and ￿￿lea1 activities including tatsie lennls. qulet zreas lor rEadink and slnrytetlinA. o'ralt and piarrtinx opw>rtunlties hands on KBTdBninX IDI 4ti SKaS. The pri￿￿ee will b8 KThien to IDcak lamili81 to enjoy. Thi8 prvjort wuAdes a Taiige ot soclBL ethotiunaL m•n*al and phyzlcal benefits tothe lrtal community. PLYMOUTH LIBRARIEJ Art and Energy C,IC awa￿ed £4,980 Inwards their proiacl Trowinll the MOH Carpvt A¥lwoTk.' ThB tundinE SUPPDrt.td the deirvery 01 17 creallve anql NiloimBtive Worksho￿ acroBB multiple local.lons. reachins pEople ot all ages with a pnieciEd enA8Kement, ol BOO children and adult& fhp P￿lect. aims to insplre people to thtnk abDUt cli¥nate changE and the impar.t Iwe have by k>othin£ at mps5 and hiMrJthelp5 play its part, against climato chants. Mossy Carpet Is a pioco Ot Jrt.Yrtbrk fll lon whlBh will be dispiayad once completed. General Grants Sxaistuw Hill Inlartt and Nui%wy SrhDDI were Bwaidvd E.3,DOO toward3 their Proiecl t)utd{￿r Communicatt'on Friendly 8pace3.' The lurKlin£w43 used ID pU￿&Se a rnnge ot new eqiiipTnent ￿&ch promolos positivè ￿n￿artion in a C￿munICation Iriendfy envirtmment eT]hancinX tha wallbeinll and cornmunicaliDn and ski115 DI all chlldren althe schooL School Granlg MaiKJe kndEfny Piim8ry JfchoDI were awawded a ETrnt ot E16,354 lowaids their ptoiect'E.YFS Outdoor LeafftinE Improvemenl.. The lundiTrEwiiL be used lo pu￿hase en￿￿￿& educFdliDnaleqiiip7nenl and restsurce5 Ipr ygun£ chilqlien awj 2. tu 5 tLI support Iheir onADing developmellt whirh include5 improyini gross motor ¥*ills. and ￿￿Xua￿e. Social S￿.115 and ptovidinE aEE-appiopriat£ physical play oppoilAmities. Page 13 Trust Cl the Truste ForTh Y rEn arch 202 Multlyear Grants Riverside CDmmuThty Primary School weiE vwafded a muth"ytBr ￿&￿t three- year period IDr their proier.tr. 'E.YFS OutdDur LEaininK Impio¥Ement PKojeEt.' The school plana lo oller leRrninK expeiiencE5 (xJtsrdE the classK￿rn. knowin£ how valuable th￿e are building 5kiUs tn younK people. Eacl) class will ￿t free tsip a yeai. making Surp every chilrl can join in. Activtties be Inr,IusI￿. so chlidrenwith disablkn,ti?￿ can IBke partloo. This proj8Ctwillprovide improved health benElit5, BnjoymBnt. incyemsed ctJnlldellcE level5 and thE OPPDrtllnity io learn new kills in n8wM¥ironmonts. IVERSIOe COMMU14 IJRIMAR ConnBctinX Youlh C.IC ￿le awaided a multryear lor a thr*ewear Period for their prqecl 'CDnnectinK youlh.st Budeaux.. The fundinx will SUPPDrt the delKvery DI 144 Sesslans in total wilh the d8ts'w>ry ol two weBkty open accetss seBSiLYlS, each lasting 1.5 hour4 along wlth a dedEcateAI I.5.h(￿r bDxinE Betraion. rhe sessions aionK with regular p￿0c￿.tIIps arKI actlvitiBsalm lo be a ￿leMp￿Cel0rY￿￿xPff￿Pletod8vaQop ntwllklli Ibnd support. artd devfjlop thvir p•r8onaL SDciai arrfl emotlonal de¥eiopment, Eaini conlitlÈn¢eiwhilstenhanclngJor,ial inctsisiun, by linkinK academic knDvAedEB to Teal-lrfe EXPOTiencaB. whlle aluo promoung cultural awaTeness, empath% and apprer,ial,hDn DI divvrslty and Klobal pe￿pEc.t1Wfr& ￿lch will yjve the y(wng people a Eense of beion#ing and redurAs the18¥elhol anti-s(Jcial behavlour. -'?NlieC,"iNg Ongoing Grants from Prevlou3 Yoar8 As the Trust awards multl-y8ar grants, we rocognise that this creates future flnancial liabilities. Thase grants are recognised in lull at the time of tho award. with Ihe lolal value shown in the lisl of granls for that financial period. Subsequent inslalments are paid in future p8riods, subj8ft to the applicant meeting all Temis and Conditions outllned In the grant 8graem8nL Appllcatlon Demographlc Infomialion Th8 applications received during this financial poriod show that all ag85 will be impacled by the funding throughoul the parlod with 59% {10} projects Supporting initiatives for thos8 aged under 18 and 41% (7) supwrting all age ranges. The seventeen grants awarded Sl￿W that all communities within the North Yard Community Trust CIO area of benefit will be beneficiaries of the proi8cls, activities and events funded. With funded proj8Cts, activities and ovents across all areas targeling children and p80ple of all ages. Projects, activities and events normally target children and residents of multiple neighbourho(Kls, and the Board note that 400/0 ol funding will ba targeted towards those living in St Budoaux and Kings Tamerton, 26% will be targeted towards those living in Barne Barton, 11 Wo will be targeting those living in Weston Mill and 23?A will be tsrgeting those living in Keyham. The broad range of applications thal have been submitt8d during this yèar shows that the impact of the Trusts fvnding continues to benefit a range of children, young people and aclults. When assessing applications postcth8s of astablishad projects and activities help to support and show the need within the area and the Trust ensure that on thè applications community needs lealure as we recognise ￿ong wilh others the valuable impact that the community plays in shaping our servi¢es. Athough we do not always have the benefit of thg postcod8s, we can eslabiish the target8d areas. Tha Trust maintain a hands-on approach to reviewing Ihe demographic information ensuring w8 reach as many b8neficiaries within our communities a5 POS5ible and ensuring each year all ar8as b8n8fil from the fuv)ding. This year's araa breakdown aligns wSlh exFe¢ted demographic pattern5. With St Budeaux and Kings Tam8rton having the largest population within the area of bgnelit followed by Barne Barton, Keyham and Weston Mill. The distribution of activtrties. projects, and &venls across each area aligns with the demographic profile of the communilies. Page 14 10 oflheT ee Evaluatlons Submltted Durlng thls Flnanclal P8rlod Sixtgen Mid T8rm Reports and Evalualions weye agre&J durfng this financial period. 69Y.111 } of Ihe Evaluations receiv8d were from previous years and concluded during this p8ri(xl and 31 % {51 wara I￿th awarded and concluded during Ihis financial p8riod. During this p8riod 74% {12) of the evaluations agreed wera from sinola awards. 13Y. {2) wer& Mid tèrm reports and 130/. {21 were multiyear evaluations. Of the multiyear evaluations agreed one concluded tha antire funded projact, and ona is ongoing. As part of the evaluation process, the Board reviews the application to ensure that funding has b&8n us8d as awarded. However, we a¢knO￿edge that projects and activities particularly those delivered over an extended period, may evolve in response to feedback Irom service users. We bolteve il is essential to support the community in having a volce and activoly shaping what 15 delivered within the area of benefit and work with applicants to ensure the fut￿[ng is used to bonoflt those Inlended. 8y comparlng the Evaluation to the Application, we Can assess11 the outcomes as set out are achieved and during this poriod all those submitting avaluations showed that they met their expected outcomes, often gxceeding the number ol people they work wilh or support wllhln th8 area of benefit. The free events have shown a massiv8 Increase in attend88s and whilst Ihe Board do not ask for postcode data for these large events. we can see that participation increases each year. This shows the communities support for fra8 prole¢ts, activities and events and feedback 6ach year to the Trust is the communitigs would like more to do for all ages. 63°/u of those who submitted Raports and Evaluations stated that they had experienced unexpected outcomes whilst d8liv8ring tha projacts. activities and events wilh 379/0 achieved their outcomes with no ungxpected outcomes. Those complellng the forms where appropylate inform the board of the demographic breakdown of the b@ng1iciaries taking inlo account that al fvnded large events this IB not always possible. The information submitted during this period shows 5Wo {9) were tsrg91gd solely at children and young people aged under 18, 6Vo {1) was taroeted at males ag8d over 18 and 38Yo161 were tsrgeted at all ages. The informalion also allows the Board to assess il funding has been used throughout th8 North Yard Community Trust CIO area of bonelit, the data during this p8ricd collated from postC(Kles show5 Ihat Keyham had the most ben81il wilh 51%1509) ol beneficiaries coming from this area, 6C/*ts156) of the beneficiaries cam8 from Weston Mill, 17%1179) cam8 from Barn8 Barton and 26¥. {2581 came Irom St Budeaux and Kings Tamerton. The Boar(l always welcome fe8dback on th8 impact of th8 funding and during this p8rlod we have received lots of positiv8 faadback including: "Tho NYCT lundwig anabled more to access Ihe ￿eTrt and enabled hiKh aiiendance and trong BroaEement ITOM both reBidunts and wrticipalinK orRanisatiDn&" -With(Hrt IhiB AmazinKliindink. the teairi Sllould ha stTuii4led io continue in y45srools•oDtball. meaning that these r,hildren may not have had a tootbail lo pl3y lor. rh# ¢ommenl.J madttfTrDm p#rcnts and children i.hat h&vE part.icipated have beEII SO positive and been able to vtteT OUT 30sBions Ir• aLlditiDnE41 children." Revlew of Actlvltl89 and Plans lor the Fulure Th@ trust has had another successful year with an incre8se in th8 number of applications received and funded from previous years, out of the seventeen funded grants 3 wara from new organisations who had never applied before showing that aven though the area of benafit is raslricted, wo are attracting new applicanls to deliver setvices within the araa.11 is a testamant to how hard tha Truste&s work to maintain a visible presence within our cornrnunities and the continued urowth shows thal the process w8 Use IS suitable for purpose. Although there was a r￿lUcI10n for the first time this year in applications for the General Grant we hav8 seen a rise in the use of oth8r grants, thg Board wi11 continu8 to look at this trend and s88 if we n88d to refine the Service w8 provide to better fit within the needs of applicants. Plymoulh City Council Child Poverty Action Plan {2022 to 2025) mentions that one in five children currently live in povety in Plymouth with St Budeaux and Barne Barton highlight8d as a priority 8rea where child povety ratss exce8d the city's average, lfjngs Tamerton and W8Ston Mill are both highlighted as areas where largeled inteNention around early years development and acc8SS to S8rvic8s are areas Ihat need to b8 improved. Keyham continues to need support particularly from the tragic shooting in 2021 and the discovery of an unexploded WW2 bomb in 2024. Page 15 ust CIO ol the Truste rch 25 The Trust pride ourselves on going out and talking to the community a￿1 Igedback has shown that Iree activities. project and 8vents for children of all ag88 is a need throughout all ot the areas, fund8d projects that targat youth work provtéa a way to T8duc8 anti-social behaviour and they inspir8 young people to leam, grow and succ8ed. providing a safg space to discuss any challenges they face and with support access help frorn services. Th8 Tnjst acknowledges this takes time and we are committed to providing th8 funding needed lo support projects, activitl8S and events that show a c18ar b8n8ffit lo this aim. During this fuTKJing period grants wer8 awarded that will show a clear impact to children and young people with support for menlal health and their wellb8ing both now and in the fulurg. Evaluation8 received show that at the heart of eveiything achieved is the wellbeing of the children and young people with lasting impacts made around improved mental health, increased confidence, improved educational opportunities and social and emotional developments along wlth physical benefrts of k8eping active. The Adult Sccial Care Activty and Pertomiance Report- July 2025 show a rise in demand for adull $o¢ial ¢ar8 services across Plymouth with a tocus on kaeping adults and the ¢ommunities safe with reduced budgets but increasing complex needs. This report references the nei9hbJurhoods within the North Yard Community Trust CIO area of bgngfit a5 high priority areas due to the status of being deprived areas within Plymouth. The Plymouth Rewrt (Joint Strategi¢ Need5 Assessment) shows again these neighbourhoods ara in zones whlch shows a consistently higher18vels of deprivation than other areas. and highlights health in8qualiti@s and reduc8d 8CCaSS to seNl¢e$ In Some areas. Barne Barton and St Budaaux ar8 flagged for tsrg8t￿ investment in community health and wellbeing. This shows the Trust that the lunding is neaded to halp improve th8 arèa. improve èducational opportunities for Iha residents and accass to groups and organisations that will provide support and advico through these challenging times. It is through assessing our impact that we se8 Iha difl8rence the funding is making to our ¢ommunitie$, every evaluation we have received has talked aL￿ut the incr8ased opportuniknes for childrgn and adults of all ages, th8 educattonal benefft, the improvgd mental, social and physical health and what underpins them all is Iho f8edbad( thgy recoive and from cO59rvations that these projgcts, activities and events are fun, engaging* provldlng lamilies and friends opportunities to take a moment and laugh, share their worries OT provide each other with support. These actions create lasting change. By providing funding that drives meaningful impact, we are actively contributing to the improvement and wellbeing of our communlty. Something 811 the Trustees striva to do. Howavar, we havg to remambar that we are still in uncertain times, where the o)st ol living has m8ant Ihe loodbank that we currantly support wlth a multiyaar grant Is sllll seelng hlgh numbèrs a￿eSSing Ihem weekly for supp)rt. The communty have provid8d feedback that without1188 activitias, projects arKI events they would have nothing to do as their income does not allow for this expenditure. The Trust are committed to ansuriNJ that fundlng is allo¢at8d to making a difference to our communities. Throughout this financial year we have seen that the lunding we have awarded has made a diff8renc8 and that is what we all want and nged to see. We l¢Jok forward to th8 next financial year and awarding more lunding to impact the communities within our area. We look forward to working and talking with organisations, groups and r88idents and findlng out what th8y need and prornoling our funding maklng th8 process easy for eligibye applicants mindful that admin takes time including collating information for grant applications and reviews and we look forward to continuing to support applicants lo apply as we do now. The future will hopefully conlinue to seg our social fn8dia presenc8 grow which during this linancial year we have had the highesl viewing ligures on our posts than any other year and we are looking at how we can make posts engaging, and gland out promoting not just our worf( and who we lund but we have be￿rne.kn0Wn for promoting all free and low cosl activitias, projects and events in the araa and we look forward to this ¢ollaborative working in the year ahead. The more wg grow our pre59nce the more we can encourage p90ple to attgnd fundgd projgcts, activilios and events. We continue to look al ways to improvè the website and how we Can expand our ￿a¢h on other social mgdia platfomis such as Instagram, thanklully we have a range of ag8s on the Board and that Comes with a range ol experience using the different plalforms so w8 will be making use ol averyone's skills to show what the Trust is achieving and to attract more applicants. Chalrperson Sumrnary When I stop to compil8 this raport, I lak8 th8 chance to realise what we have all achieved during this tinancial period. The hard work and d8dicalion by the taam of voluntèers and the adrninistration support along with the support we have had from the cornmunity, groups and OTganisations who se8 our funding as key to delivering projects within our area ot b8nefit shows how we have grown to become trust8d and valued within our communities. Over the next year I look IoTward to r8Vi8wing the paperwork such 8S the aptAicalion forms and associated paperworf( with the Trust8es, w8 will be reviewing how w8 attract new groups and organisalions that are 81igible to apply for funding, with the aim of meeting growing demand within our designa18d areas. By broadening engagem8nt and raising awareness, we hope to empower more local partners to deliver impacttul projects that respond to communty needs. Page16 North Yard Commun Trust cio Re ort ol Ihe Truste e Y r Ended 31 March 2025 I know from reading all the Evaluations, reports and feedba¢k that funded PTojects, activities and events go on to make a lasting impact to those delivering the service and to those using the seNice, l am pleased to see those é81ivering ongoing sessions, groups, and activlties have continued beyond the initial funding period. This clearly demoFtstrates that sustainability is essential to creating long-term impact. Lastly. l think ifs safe lo say that we have met our oble¢tives and in doing so have made an impact to our local communities. This could not havo bogn dono without those who hav8 applied to the Trust and engaged us, and I would like to thank evèryone lor taking the time lo do so. l am looking ft)Nard to more meatings, drop ins and attending &vents. I would also like to extend my sincere thanks to the Board, whose members generously volunteer their time. dadication, insights, and passion to 8nsur8 the Trust not only meets but 8xce8ds its aims and objectiv8s. Their hard work often goes unseen, yet they consistsntly read ext8nsiv8ty, attend num8rous èvents, and play a vital role in ensuring funding is thoughtfully and effectiV81y distributed throughout our community. I look fotward to the next tinancial year and supporting even more peopl8 than belore. Approved by order of the board of Irustees on . and signed on its behalf by: E V Miller- Truslae Page 17 Inde 8nd8nl Examinerfs Re No h Y rd Communi Trust Cl I report lo the trustees on my examination of the financid statements North Yard Community Trust CIO (the Charity) for the year ended 31 March 2025. Responslbllllleg and basls of report As the trustees of the charity land also its directors for the purposes of company lawl you are responsible for the preparation of the financial statements in accordance with the requiremenls of Ihe Corllpanies Act 2006 (the 2006 Acti. Having satisfied myself that the financial statements of the charity are rKJt required to be audited under Part 16 of the 2006 Act and are aliglble for independgnt examination. I report In respect of my examination of the charity's financial statements Carried out undar section 145 of tha Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed dl the applicable Directions given by the Charity Commission under secb'on 145{5){b) of Ihe 2011 Act. Ind8p8nd8nt 8xamlnaf8 slatement I have ¢omp19tad my examinatlon. I confirm that no matters hava come to my attention in connoction with the examlnation glvlng me cause to bellgve that in any material respect. - accounting records werg not kept in Tespect of the charity as r8quired by saclion 386 of the 2006 Act. or - the financial statements do not accord with those records,. or the financial 51alements do not comply with the accounting requirements ot section 396 01 th8 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 indep&ndant examination. or the financial statem8nts have not b88n prepared in accordance with the methods and prlnclples ol the Slatement of R8¢ommended Practica for accounting arKI reporting by Charities applicable to charilies preparing their aeKounts Sn accordanc8 with thè Financial Reporting Standard applicable In the UK and Republic ot Ireland (FRS 1021. I hava no concarns and have come across no other matters In conn8Ctlon with the exarDination to which attention should bo drawn in this report in order to enable a propef understanding of the linancial statements to be reached. Neil Stevens ACA TC Bromhead Limited Harscombg House 1 Darklake view Plymouth D8von PL6 7TL Date.. IY:. bl:.2.&...................... Page 18 ard omm nl Tr emon tFin iv nded 31 f¥la h 2 31.3.25 Unrestricled funds 31.3.24 Total funds Not8S INCOME AND ENtK)WMENTS FROM Charitable activili8S Charitable Activities 241,403 242,377 Inve5tmgnt income Total 253 014 250 202 EXPENDITURE ON Ch8rltable actlvltles Charitable Activities 102 781 NET INCOME 150,233 177,130 RECONCILIATION OF FUNDS Total funds brought forward 1.316,994 1,139,864 TOTAL FUNDS CARRIED FORWARD 1467 227 1316 994 The notes form part of these financial statements Page 19 North Yard Communl Trust CIO Balance Shee 1 March 20 31.3.25 Unr88lrfcted furKIs 31.3.24 Total funds Notes FIXED ASSETS Tangible assets Investm8nts 1,364 352 10 51,364 50.352 CURRENT ASSETS Debtors Inveslmants Cash al bank 573 336 75,000 75,000 94 1 194990 12 I,428￿67 1,270.326 CREDITORS Amounts falling du8 Within one year 13 {22,804) (3,6841 NET CURREKf ASSETS 63 1266,642 TOTAL ASSETS LESS CURRENT LIABIUTIES 1,467227 1,316,994 NET ASSETS L27 1316994 FUNDS Unrestrlcted lunds 14 1316994 TOTAL FUNDS 1316,994 Th8 Ilnandal statements were approved by the Board of Trustees arKi authorised lor Issue on . and were signed on its b8hall by: E V Miller- Trustee S Hill - Trustee The notes form part of these financial statements Page 20 un st CIO inancial Stalements ACCOUNTING POLICIES Basls of preparlng lh8 flnanclal sMemen19 The financial statemenls of the charity, whtch is a public benefil ontity under FRS 102, have been prepared in accordanca wlth the Charities SORP IFRS 1021 'A¢counting and Roporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Ropublic ol Ireland (FRS 102118ffeclive 1 January 20191,, Financial R8POrting Standard 102 'Tha Financial Raporting Standard applicable in the UK and Republic of Irgland, and the Charities Act 2011. The tinancial statements hava bean prepared under the hlstorical cost convention. with the axception of invastm8nts which are included at market value. Income All income is recognised in the Slatoment ol Financial Activities onc8 the charity has enlitlèmant to the funds, it is probable that Ihg income will be received and the amount can be measured reliably. Government grant Ir￿Me is recognised in the accounts under the performance method of reporting. Interest income is recognised when received by th8 charity. Expfyndllurg Liabiliti8s are recognised as expenditure as soon a$ Ihere is a legal or constructiv8 obligation committing the charity to that expgndilure, it ig probable that a transfer of economic benefits will b8 requir8d in settlement and the amount of tha obligation can be measured Teliably. Expgnditurg is accounted for on an accruals basis and has b88n dassified under haadings that aggregate all cost related to the category. Where ¢osts Cannot be directly attributsd to particular h8adinos Ihey have baen allocated to activities on a basis conslstant wlth the use of rosources. Grants payable are charged in the year when the offer is made exc8Pt in thos8 cases wher8 the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fullilled. Grants offered subject to conditions which have not been met at the year end are noted as a commltment, but nol accru8d as expenditure. Tanglble fixed as$et8 D8preciation is provided at the following annual ratss in order lo write off each asset over its estimated useful life. Fixtures and fittings 25*J/o on reducing balanc8 Taxallon The charity is exempt from tax on ils charitable activilias, Fund accountlng Unrestricted funds can be used in accordance with the charitable obi8ctives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of th@ charity. Restrictions arise wh8n speclfied by the donor or when funds are raised for particular restricted purposes. Further explanatlon of the nature and purpose of each fund Is Snclud8d In Ihe noles to the financlal statements. Inveslments Fixed Asset Investmenls are recognised inilially at fair value which is normally the transaction price excluding Iransaction costs. Subsequently, they are measured at fair value with changes r8cognised in 'net gains / {lossesl on investments, in the SOFA if the shares are publicly Iraded or their fair value Can otherwise be measured reliably. Current Asset Investments are cash on deposit or similar accounts with a maturity date of less than one year held for investment purposes rather Ihan to meet short term cash commilments. These are held at fair value. Cash at bank and In hand Cash at bank and in hand includ05 cash and Short term highly liquid invgslments with a short rnalurity of three months or less from the dato ol acquisition or oponing of the deposit or similar a￿unt. Legal status of tho charlty Th6 charity Ss a Charitabla Incorporat8d Organisation. The Ilability of each member in th8 evenl of windlng LSP Is limited to £1. Page 21 Communl te t Flnan YEnd 31 Mar INVESTMENf INC0141E 312.25 31.3.24 Interest received 7,825 INCOlJlE FROM CHARITABLE ACTivmES 31.3.25 31.3.24 Activity Charitable Activities Grants 241 242 377 Grants received, included in th8 above, are a8 follows: 31.3.25 31.3.24 Plymouth Cty Council 241 242 377 Grants r8Coivable relats to governmeth grants. CHARITABLE ACTIVITIES COSTS Grant fundlng of activiti8S (see note Direct Costs Support costs 5) Totals Charilable Activllles 102781 GRATrifs PAYABLE 31.3.25 31.3.24 Charitable Activilios Page 22 North Y rd Communit Trust ci Notes to the Financial Slatem8nts- contlnu 31 March 2025 GRANTS PAYABLE - contlnued The total grants paid to institutions during the year wa5 as follows-. 31 a.25 31.3.24 Arl and Energy CIC CROPS Kings Tamgrton Communty Association Promoting Children in Plymouth Tha Tree Projact CIC Victoria Road Primary School Colebrook SW Ltd ConnecliThJ Youth CIC Kgyham Kolts Marine Academy Kings Marine Academy Primary Plaistow Hill Primary Pioneers Project CIC Riverside Primary Sl Budeaux Library Sl Paul's RC Primary School Unity Through Sp)rt Barefoot Keyham Barton Primary School Keyham Neighbourhood Watch Mount Tamar School Plymouth Parkour Safè and Sound Wallbeing Hub Tamar Grow Local CIC Young Mental Health FoUnda￿on 4,979 7.634 1.000 14,924 478 500 14,243 9.676 914 438 16.354 3,000 500 4,245 3,726 675 1,545 500 7,334 1,000 5,540 5,838 1,830 5,345 13,360 1,484 4,986 2,640 250 3,200 1,000 INDEPENDENT EXAIAINERS, REkfjUNERATION 31.3.25 31.3.24 Inde￿ndent axaminars, fee TRUSTEES. REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024. Trustees, exponsos During th8 year Ihare were &xp8nses reimbursed to two trust88S totalling £62. Ther8 Were expenses reimburs8d to one trustea tolalling £196 for th8 year ènded 31 March 2024. Page 23 No ForTheY arEn COMPARATIVES FOR THE STATEMETr￿ OF FINANCIAL ACTivrriES Unrestrict8d funds INCOME AND ENDOWMENTS FROM Charitable aclivities Charitable Activities 242,377 Investmant income Tolal EXPENDITURE ON Charltable actlvltles Charitabl8 Activiti8S NET INCOME 177,130 RECONCILIATION OF FUNDS Total tunds brought forward 1,139,864 TOTAL FUNDS CARRIED FORWARD 1316 994 TANGIBLE FIXED ASSETS Fixtures fittings COST At 1 April 2024 Additions 953 At 31 March 2025 DEPRECIATION At 1 April 2024 Charge for year 276 At 31 March 2025 877 NET BOOK VALUE At 31 March 2025 At 31 March 2024 352 Page 24 No nts-con in For The Ye rEn 10. FIXED ASSET INVESTMENTS Unlisted investments MARKET VALUE At 1 Apri5 2024 and 31 March 2025 NET BOOK VALUE Al 31 March 2025 At 31 March 2024 There were no Investment assets outside the UK. 11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.25 31.3.24 Prepayments 573 336 12. CURRENf ASSEf INVESTMENT8 31.3.25 31.3.24 Other Current asset investments relate to bank deposit accounts. 13. CREDrroRS: AMOUNTS FALLING OUE wrrHIN ONE YEAR 31.3.25 31.3.24 Other creditors 14. MOVEMENT IN FUNDS N8t movement in funds At 31.3.25 At 1.4.24 Unreslrlcied G8neral fund 1,316,994 150,233 1,467227 TOTAL FUNDS 1 316994 150 233 ￿27 Net movement in funds, included in the above are as follows.. Incoming resources Resources expended Movement in funds Unrostriclod funds General lund 253,014 (102,781) 150,233 TOTAL FUNDS 253014 102 781) Page 25 ardc he Flnan ar End nls- continue 14. MOVEMENT IN FUNDS- ¢onllnued Comparatlvos for movement In funds Net movement n lunds Transfers between funds Al 31.3.24 At 1.4.23 Unreslrfcted lunds General fund Designated Fund 1,114,313 1T/.130 25,551 25551) 1,316.994 1 139864 177 130 1316 994 TOTAL FUNDS 1 139 864 177.130 1316994 Comparatlvg net movement in funds. includad in tha above are as follows: Incoming resources R8sourc8s expended Movem8nl in funds Unrestrlcted fund8 General fund 250,202 173.0721 177,130 TOTAL FUNDS 177 130 A Current year 12 months and prior year12 months combined position is as follow5.. N8t movem8nt in fund5 Trans18rs between funds At 31.3.25 At 1.4.23 Unregtrlcted fund8 General fund Designated Fund 1,114,313 327,363 25,551 255511 1.467,227 1139864 327 363 1467,227 TOTAL FUNDS 1 139864 327 363 1467 227 A curreni year 12 months and prior year 12 months comblned net movemant in funds. indud9d in th8 above are as follows., Incoming Tesources Resources expende Movemgnt in funds Unr•$trlcted fund8 General fund 503,216 (175,8531 327,363 TOTAL FUNDS 175 8531 327 363 Pagg 26 unl Tr In nclal Sta in 15. OTHER FINANCIAL COMMITMENTS The charity has mad8 th8 lollowing lundlng commitments: To fund Promoting Children in Plymouth a total £46,716 over three years. £14.924 01 this has now b88n paid leaving £31,792 remaining. To fund Colebrook SW Limited £39.884 over three years. £14,243 of this has now been paid leaving £25,641 remaining. To fund Connecting Youth CIC £58,056 over three years payable in 6 monthly in51alments, To fund Riverside Community Primary School £13,057 over three years payable in 12 monthly inslalments. 16. RELATED PARTY DISCLOSURES There were no related party transactions for the year 8nd8d 31 March 2025 nor for th8 year ended 31 March 2024. Page 27 North Yard Communl Trust ci D8lail8d Statement of Flnanclal Actlvltl8s The Y r Ended 31 March 2025 31.3.25 31.3.24 INCOME AND ENDOWIAETr¥rs Investment Incow Interest received 11,611 7,825 Charllablo actlvlt109 Grants Total I￿omIng rfj8ourco8 253,014 250,202 EXPENDITURE Charftablo actlvltlos Wages Sundries Grants to institutions 14,605 342 14,585 181 99,778 69,073 Support Costs Monagemont Insura IT costs Depn of fixtures & flttlngs 417 102 276 367 395 117 795 879 Flnonce Bank charges 147 84 Governance costs Indawndent examiners, fee Legal leas 2.061 2,100 936 Total resources expended Nel Incoma 177 130 This pag8 does not fomi part of the statutory linancial statements Page 28