CH￿ REGISTRATIt)N NUMBER: 1176137 Cresswell Pele Tower CIO Unaudited Financial Statements 31 August 2025 Crèsswell Pele Tower CIO Flnancial Statemonts Yoar onded 31 August 2025 Paga Trustees, annual report Independent examinerfs report to the trustees statement of financial activities statement of financlal position Nol8s to the financial statements The followlng pages do not form part of tho financlal slatemonts Detsiled Statement of financlal activitles 15 Notss to the d8tail8d statement of financi81 activities 16 Cresswell Po18 Tower CIO Trustees. Annual Report Yoar èndod 31 August 2025 The triJ5t8as ￿eSent th81r r8POrt ￿ ihg unaydltg1I finandal 8tstgments of charity for the end&J 31 August 2025. Ref•rence and admlnlstratlve detalls R•glstèT•d ch•rlty nomè Cre5swefi Pele Tower CIO charfty rnglstratlots numb•r 1176137 Prlnelpal officè 5 Sl Bartholomews C109e Cre5swell Moipath NE615JX Th• Iru8t• DWLodg B Maad R Haywo¢JJ P Hood J Dodd K Rkhardson S Ta￿Or R Akwel Indap•ndgnt •xamln•r Michad W Reed Russell Hous& Greewell Road n￿ck Norlhumberfand NE66 1HB struduroi 9OVornancg 3nd m•wg•m•nt Govemance of the Charity is through 8 Independent Truslees apwinted for their skills, knoyrtedge and interest in the project that the Charity is seekiThJ to d8liv6r at thg Pele Tower. Responsibilltlas are sh8red amoThJst the Trust888 8nd where necessary independent eonsulianls 8fKI C(￿tractOrS are appolnied to support project d81ivory aftor approval byall T¥u5tg85. Thgre are no direct employees ol thè Charity. Oblo¢tSv•s aThl acUvEII•8 The purpose of Cresswoll Pèlt Tgwer ¢10 is the advan￿ment of heritag8 and educaticffl, in pa￿Cular through thè rèstoratMM. pre$eTvalion and promouon of 141h century CTesswdl Pele Tower aAd ljacenl 18th century walled garden. Cresswell Pole Towér CIO Trusteo5' Annual Report f¢gnUmxdJ Year ended 31 August 2025 Aehlov•m•nts p•rfornianc• Cr•85well P•18 Trt CIO su¢¢x$sfiJl￿ rnised thtt sTunifi¢ant fundiry regJired 10 res&x8 the fo tha gh68t standard approprt8te for 8 Grtl8 11" hlstor* bulldln9. ThL# ha5 en3b￿d the trpNar to b8 rémovad frr*Tr 14161orlc EnglaThJ8'Herftagg at Rlsk. ragi&t8r. Th P818 Tcrtv8r cpaned to ¥18iim ITr Juty 2021 and attracts ¢vor 8,OCII ￿51t0F$ 8nnum. St ￿ cp8ned prfmarfly on Sundays and gank Houday Mondays addllc*)a1 oponlng time* durfng Ihe peak 8umm8T ht4kJay ￿riOd ond the Walled garden hus bèen open¢d on a dalty t￿oUghoUt the s￿￿ng[8￿mMer. In order Io PTowd& maximum 8cce581bllfy adm￿810￿ to bolh the towtr 8nd gard•i ty freb of Etha￿8 afthough donation boxes have beoll 5traiegicolypo8ftbn8d to rnaxkn4se IncDme. In addfdon to normal opÈnlng hwrs the lower l& also oval￿￿￿• f¢y griiup ￿rts vlslts. are on a charge&for basls to rd88 Income to h81p su&taln Ihe tower. FEts trj t￿* 8nd 0￿[nO tsiks Bbow thè tow#r aod ￿110¢•nt ￿lI•d gardèn ar8 8180 to numer¢us organl88ttons In N0rthumb8rf￿d ono elw•ther CPTCIO* Vo]unte6r Coordlnatc¢Events Org&niser rte1￿ o v$riety ol everts and actmues thrfAJghcaJi thè year èttrnct both new and rèpèat vi&lotB as well as new voluntse￿. The Voluttteèr Coordthator aho prepaTO$ And New51etteTS to keep TNstees. ￿u￿￿OIS and th* g•rwJl publlc Inforyn8d abryjl that [% happenlng. ts ol tkx¥ ¥u¢¢•ss of the pe￿ Irthw reSt￿all)n CPTCL) docwlod tty Iljnd walbe tr th8 storeuon of Édlgtxnt w8lW ggrdgn. This waB the last sumving ram￿nI ttf ￿3t ¥#as or19n￿lY a 8 8rxe kltthen g8rdon compth Ihat de¥ek)pod In the rnkj 18th cenlwy to support Iho CrBSBwell Hall e8ts¢4. Th• fu￿1￿9 cgmpaw was $u¢¢6tsful thaThk8, primariw, to IhB Herita￿ Lottery Fur¥J. As 8 r¢sult Ihe dereN¢t garden has been t and the Charities Act 2011. A¢¢oufrtlng polld•$ Baols ot preparation The flnanty81 statemerts havg b88n prèpared on the historical c05t ba515. as fflodrf￿d by the reva￿atiOn of cwtain finandal assets and liabilities Investment prop8rUes measurgd 4t falr v&luo through incom8 or exp8Nlilure. Thg financial statements are prepared In sterting. which is Ihe fiJnctk)nal currency of the entity. Gosng COn￿M T￿re ar6 no m¥tsEial un¢artainti•s knut the ¢harTrVs abilty to (￿tinU￿. Judggments k•y sources ofestimation une•rtalnty Tho prepafalion of flnan¢hd statements reqthres manag8m8nt to make Judgam￿ts. estimates and aSSurnpt￿nS Ihat affecl the amounts rew)rtéd. Thèse esllmates and lud9ernents are continually revlewed and are bas8d on expefience and oth8r factor5. including axppctations of future events that ar8 belreved to be ￿aSOnable under tha circumstances. Fund accounllng Unrestrlctgd fund5 arè avallabl& for usg at the discrethon of the trustees to further any of the d￿ri￿$ purF¥)SeS. Dèsiqnat8d funds ar• unrostrlctgd funds e8rn1arktsd by tnJst•es for p￿tiCular fU￿￿e project or commitment. Restricted fuThYs ar9 $ubi8¢tad to r•slrfcbons on th91r gxpenditsJr8 d8clar8d by the donor or through the terms of an appeal, and fall lito one of kn subdasses.. restFthd income fvnds or endowTnènt fund8. Cresswell Pele Tower CIO Notes to the Financial Statomonts (¢onth¢r¢ Yoar ended 31 Augusl 2025 A￿>untIng pollcles (ronllnu•ii Incomlng rosourc JI income Is InCI￿￿ed in Ihe gtthment ol flnanri8l8ct￿ib￿5 %th8n enb"Ilament has passed to tha charfty,11 Ls prob8bla that tho economic benefits asstsciated with the transaction wll flow to the charity and the amount can be reliably measured. The fd5owing spe￿riC pdicies are applh?d lo parti¢ui8r cateuorSe$ of Income-. Incomg from donations or grants 18 recogtused when there is evtdence of entifiement to the gfft, r￿elpt 13 probable and rts ￿nOU￿t can bg m¥8sured reliably. The grants whl¢h r81at8s dlrécuy to the iestoration project are reco¥Jnised in inwme only Nvhen Ihe thè costs have been incuired. Where grants havo been received prkjr to cost being Incurred, they are ￿COgnISed a¥ a li8bilty. - legacy Ineoma Is racwls8d when receipt is probabl& and entitlement 18 established. itKome from donated goods is measured al Iho falr value of Ihe ojods unle55 this is IMprac￿Cal to mo8sur¥ rell8bly, In which casè the value is derived from the c05t to the donor or the estimated r8sal& value. Dtsnated facilitie¥ alld 8eNGes a￿ re¢ognised in the accounts when rèceived if the value can be relt8bty measured. No amounts are included for the contribvlion ol general volunteers. - irrAJme from contracts for Ihe supply of senrices is ￿COgnised vAth the del￿ery of the ￿ntracted sèrvicè. Thls Is das$5fi¢d as unr8StrLcted funds unless there is a contractual requirement for it to be SFenttfi a paruculer purpose and retumad il un9pent, kn whlch case k may be w8rded as reslr4Cted. R•souf￿ exp￿￿0￿ Expenditur8 is recognised on an ac¢Tval3 b88is as a liability is Incurred. Expenditure include5 any VAT which cannot be fully recovered. and Is Classifi￿ under headings of the statement of fin8Trdal acliwtses to vthieh It relates.. 8xF*ndlture on raising funds includes the costs ol all fundralslng athlltes. everts. no charitablè trathng actmtles, and the sale of donat8d gc>Jds. eXpgnrfrtU￿ on charttable acllvlles Sn¢l(Kle8 asl costs inCUr￿d by 8 charity in undertaking activibes that furth8r its charilabl* aims for the benefrt of its benefi¢iaries, licluding thosg support eosts and costs relaling to the 9OV8manc8 of th* charity appoftioned to charitat48 aCtiV￿e$. ¢)ther gxp8rKliture indudes 811 expendlture that 18 neither related lo ra8ing fund3 for thg tharity nor part of ks eypendibJr8 on tharit8b18 activities. All costs are allo¢8ted' to gxpgnditure tategories reflecttng the use of resoufce. Dlrect costs attrIl￿tablè to a single acbvity are allocated dlrectjy to that aclNity. Shared costs are apportioned betsveen (he aclivthes they rontribute to on a reasonable, lusOflable and consistent basls. Tanglble a8sots Tangible assèts arè iftitially racordod at cost, and subsequenuy staled al c051 less any accyrnulaled dapreciation and imp8lrment1088es. Any tsngib18 8S8ets carried at revaluèd am￿nts ara recorded at Ihe fair value at th8 datè tsf r8valuation less any subsequent accumulaled depreciati￿ and subsequent accumulated impainent10589S. Cresswell Pele Tower CIO Notes to the Flnan¢4al Statements (¢oAIIDu•dJ Year ended 31 August 2025 ountlng pol1cl￿ f¢oniimMdl fanglblo ass8tS (convnued) An incrèasa in lh8 earfying amount of an assèt as 8 rèsLIt of a revaluauon, 1$ recognlsed In other recognised gains and losses, unless il reverses a eharge for impaim)ent that has previously been recognised as expenditure withln the slalemenl of financial activ¢ties. A de¢￿ase in the carrwng amount of an asset 85 8 result of revaluation. is recogni58d in olh8r recognised gains and bsses, eKr*pt to which it offsets ary previous revaluation gain, in which casa lh6 togs Is shown withln oth$r recognised gains and loss•s on th• st8tèmeT>t of financial activities. Depreclatlon D•proeiabon is ealeuktod so As to vrritè off tha eost or valuatton of an asse( less Its resldual value, over the useful economlc Ime of that assetos follows: Equipment Le88ehold improvement 20% rsdueing baL4nc8 4% straight line ImpalM￿nt offixod ass•ts A reMew for indicators of inpairment is carried c￿t at each reporting date. wlth the recoverable amount belng estimated where such Indicators exlsl. Where the carrying value exceeds the rècov8raN8 amount, a55et is impalred accordingly. Prior imp8irnents are afso revlewed for P0881bl8 r8v8rsal 8t each r8POrting datg. For the purwjses of impaimient testing, btrhen it is nol possible to eslimatg th8 reCovwa￿8 arnount of an Indlvldual asset. an estimate Is mada of the re¢ovor¥ble arnounl of the caS￿generating to yhich the asset belongs. The cash￿enerating unit is the smallest Identifiable group of assets that includes the asset g8nerdt88 Gash infk)w8 that largely independent of the cash Infiows from other assets or groups ol assets. For kn)palm)ent teslrrfJ of goodwlll. the goodvAII acquired in 8 business combIn8￿0Th L8," from the 8cquisltion date. 8IIoc8ted to each of the ca$￿eneratIng units Ihal arè expèct•d to b8ll8fit from th8 synergles ol the combIna￿on. Irrespoctive ol whothèr othar 8s$ets or liabilities of the charily are assigngd to th0$9 vnib. Flnanclal Instruments A financial asset or a ￿8￿¢181 Ilabllity is recognised only when tho charfty bÉeom8s a party to th contraclual pro￿$b)nS ol the Instrument. easic flnanclal Instrt*mants am knltially rè¢(NJni8ed at the arnounl recelvable or payable Includlng any related transaCt￿n costs. Current assots and cJJrrent Ilablllti•s 8r8 subsèqueThily m888ured at Ihe caBh or other conskjeratlon 8xpected to t¢ paid or rgceivod and TrJl discounted. Debt inslrurnents 8re subsequenty measured at amorosed eost. Where Investments In shares are publlcly tradad or Ihèir foir valug Can otherwLse be mèasuied rellably, the Investment is subsequentty m88sured 8l fair value with ch8nges In fair ¥￿u• recognised In In¢om8 and exp8ndltur•. All othtr such i)vestments are subsequenlly measured al co* 1988 Impalmient. Cresswell Pele Tower CIO Notes to tho Financial Statsm•nts {WfillM•d) Year ended 31 August 2025 Accountlng pollcl¢¥ Flnanclal Instfwnonts (conunuodl Other financial instruments, indudin9 dèrivatlves, are Inltlalty reCOgn￿ed at fair vahje. unless pa￿Trent for an asset Is defe￿ed beyond nomial business terms or financed at a rate of interest that is not a market rate, in which case the a55et is measured al Ihg present value of th8 future pawnents discounted at a rnaFket rale of ￿terest for a Similar dgbl In5trumwt. Other financkil instruments are 8ub$equ•ntly mèasured at fair value. ￿1th ary changes recognised in the statement of finana81 aGtNities. with the except1￿ of hedglng kns¢Tuments in a d¥$iqnated hedglng relationship. Flnanclal assets that arg rn8a8ur8d 8t C08t or 8mortlaed ¢09t r￿￿w•d for objacti￿ wdonc* of irnpairrn8nt at tho of each reportlng date. 11 there is objecbve eviden¢8 of Hnpairn78nl. an Impalrrnent lossls r8¢oynI5ed under th8 appropriate headlng in Ihe statemant of firnarKial activiues In hich tha Initlal galn was recognised. For all equity instruments regardless of 51gnfficanee. And other finandBI assets that are indmduaty significant. these are assessed individuallyfor irnpairment. Other f￿ancial assets are erther assessed lThJivtdualtyor grouped on th8 b8818 of simiLgr (y8dft dsk ch8f8Ctèrlstlcs. Any rtswsals of Impalmient are recogniwl immediately, to Ihg extenl Ihat the r￿￿1 dogs not result in a carrying amount of the financial asset that exc£eds what th& ￿rr￿￿j amount ¥vould have n had th• impairmenl not previously reCognis￿l. Oonallons and l•gacl•s Unr88tricted Fut)ds Rostrictsd Totsl Funds FuThJg .2025 DonatSons Donauons 11,221 11,221 Gran¢$ Grants rg¢9iv8bl$ 25.291 25.291 11.221 25,291 36,512 Unrestrioted Funds Restricted Totsl Funds Funds 2024 Donatlons Donattor 8,525 8,525 Grants Grants rgceivat49 56,752 56.752 ,752 fj5,277 8.525 Cresswell Pele Tower CIO Notes to the Financlal Statements (¢gnllm*dJ Year ended 31 August 2025 Charftabl• aetfvstlès Unrestrfct8d fot*l Funds Unrestrictèd Totsl Funds FuThJs 2025 Funds 2024 Books Hlr8 and 8v8nts Ilant sal•s 6g7 188 346 696 1B8 346 511 354 333 511 354 333 1.231 1,230 1.198 1,198 Cost8 01 r418lng donatlons and l•ga¢i•s Unrestrbcled Funds Réstridgd Totsl Funds Funds 2025 Costs of raislng donations arnl logaci85 336 Unrè9trfct Funds Restrlcted Total Fundg Funds 2024 Co¥ts of Taising dcfiations and legacles 2,574 787 3.361 Expendlturn on charftabl• actlvltl•s by fund typa Unrestricted FLFnd$ Restricted Total Funds Funds 2025 Actlvty Support costs 10,785 1,408 12.193 70,470 81.255 1.408 70,470 Unrestricted Funds Re5thcted Totsl Funds Fund$ 2024 Acllv Suppgrt costs 9,211 1.546 10,757 72.356 81,567 71356 83,113 Exp•ndltur• on char5tabh a¢Uvltlgs by actlvlty typ• ActNities und6rtakon dlredy Support eosts Total funds 2025 Total fund 2024 A¢llvty emanc8 81.255 81,255 1,408 81.567 1,546 83,113 1,408 1.408 81.255 82.663 10 Cresswell Pele Tower CIO Nots$ to the Flnancial Statements (¢ortthwdJ Yoar andod 31 August 2025 Net gxpendilurn Nat axpandffjbjrè is stated after chargIThJll￿edrtry).' 2025 2024 Depreclation oftsn&¥ble fixed a$80ts 42.698 42.708 10. Ind•p•ndwrt •xarnlnatlon 18•8 2025 2024 Fees payable to the independent examiner for.. tndgpendènt gxamination of Iho financial statements 11. 8t•ff ¢ost# Tho average head counl of ernplo>*os durfng th¢ ye8T was NII (2024.. NII. No employee r￿￿8￿ emFloyee benefrt3 of more than £60.000 during the ye8r12024.' Nill. 12. Trustse remuneration and •xpens•s Durlng thè yèar £790 (2024:£1,970I was paSd to B Mead for Oevdopment ￿nsultan￿ saNkes at market rate. During the year £2,306 12W24'. £6,672) was paid to S R Solulicns NE Ltd a company In whlch D Lodge is a director at market Tate. 13. T4nglblè ftxod assets Fixtur8s and Lga8ehold flttSngslmprovements Totsl Co¥t At 1 Septemb8r 2024 Addmons 20.278 2.400 22,678 997,366 1.700 1,017,644 4,100 At 31 August 202S D•pr•clatlon At 1 September 2024 Chargo for the wr At 31 Au9U$t 2025 Cawylng amount At 31 August 2025 At 31 August 2024 999.066 1.021.744 8,999 2.735 164,894 39.963 173,893 42.698 11.734 204.857 216.591 10,944 11.279 794,209 832.472 805.153 843.751 11 Crasswell Pele Tower CIO Notes to tha Flnandal Statements (conthl¢t￿} Year ended 31 August 2025 14. Oebtors 2025 2024 other dèbtors 125 St 1& Cr•ditord.' ￿n￿unts lalllng due wlthln ono y•ar 2025 2024 Trade credltors Accfuals and defe￿ed Sncome 1,247 3,589 2.112 4.454 16. Arwlysis of charit•bl• funds Unre6trfcted funds At 1 September 2024 Income Expandiiurè 31 ••0W¥t202S Unrestrf¢Xed fund - General funds 3.863 12,452 (12.238 At 1 September 2023 Income Expendilure 31 August2024 Unrestricled fund - Genèral (unds 7.471 9,723 {13.3311 3.863 Restrfct•d funds 1 Sgptemter 2024 In¢ome Expendfjbjré 31 AMgu•t2Q2$ Restricted fund 904.466 25,291 170,8061 858.951 At 1 September 2023 Income EXp8¥￿ilUre 31 Awst 2024 R&strictèd furKI 920.657 58.752 173,1431 904,4e6 12 Cresswell Pale Tower CIO Notes to the Flnancial Statements (¢wrfmmd) Year anded 31 August 2025 17. knlysls of n•t ass•ts bth¥￿n funds Unmstrfded Funds Restrfctsd Tot•1 Funds Funds 2025 Tanglbla fixod assats Current assets Crgdkors bss than 1 Iwr Nèt ass•t$ 10.944 794.209 64,742 80S,153 64.742 16.8671 863,028 16.867} 4.077 858.951 Unts$tricted Funds Restricted Total Funds Funds ,2024 Tangible fixed assets Current aS58ts CrgdRors Jess than l year Not asset$ 11.279 832,472 71.994 843.751 71,994 17.4161 908,329 (7,4161 3.863 904,466 13 Cresswell Pele Tower CIO Managemont Inlomiatron Year endod 31 August 2025 The followlng pages do not forrn part of th• flnanelal statements. 14 Cresswell Pele Tower CIO Detalled Statement of Flnanclal A¢tMtIos Year ended 31 August 2025 2025 2024 Inwmg and gndowrnents Donallons and legacles Donations f>ants recelvable 11.221 25,291 8,325 56,752 65,277 36.512 eharftabla acUvltla# Books Hire events Plant so1¥¥ 696 511 354 333 1,198 Total Incom• 37,742 66,475 Exptndlture Cost5 of raislng donatlon$ and 1gg?cle$ Purchasès Fundr8i$ing exp8n8es 4S 335 2.574 787 Expendltur• on ¢harltabl• actlvlti•$ Rates Volunteor ¢otsrdinalorlproject managgmnt Costs Training Insurance Publicity Ev8nls 8nd 8Ctnftti98 Accountancyfees Malntenance and gardenlng Bank charges Depreciallon Volunteer gxpen6es and other sU￿1ry cosls Admhlstrallon Se￿￿$ 25 17.180 25,086 224 6.856 7.157 1,188 7.242 1,408 4.745 1TT 42.698 3.077 2.160 178 42.708 418 142 82.663 83,113 Total •xp•hdltur• 86.474 N•t 0x￿Ndit￿rI 145.3011 119.999} 1S Cresswell Pela Tower CIO Notes to the Dotailed Statement of Flnancial Activitios Yoar ended 31 August 2025 202$ 2024 Cogts of raI￿ng donations and19gacl•$ Costs of ratslng donall•n$ and léga¢ies Books FundraislrvJ 8xepens•s 2.574 787 335 3,361 Costs of raÉ$ing donatlon$ and l¥gacle¥ 380 3.361 Expondltur• on ¢harltable o¢tfviti Actl¥ity Aetivltl•s und•rt•k8n dlrnttlly Rates Volunteer coor(knatorlprdect Managem￿rt costs Trainlng Insurance 25 17.180 25.086 224 6.856 663 3.077 2.160 178 42,708 418 142 Publlclly Events and a￿￿111 Mah)tenance and gardenlng Bank charges Depreciation Volunteer expenses and oth$r $undry COBts Admlnistration $orvices 7.157 1,188 7,242 4.745 177 42,698 81.255 81.567 G•v•[nan￿ ¢0818 Govem8nce costs- aecountsncy f898 1.408 Expendltur• on charltsbh aetlvlll•s 82,663 83,113 16