UPPE* OALf5 C?MtrAbNIIY.' ANJ 114151
Upper Dales Community Land Trust
Report and Financial Statements
For the Year Ended 31 March 2024
Chanty number 1195077

Upper Dales Community Land Trust
Financial Statements
For the Year Ended 31 March 2024
Contents Page
Administrative Information
Report of the Trustee Board
Statement of Financial Activities
Balance Sheet
Notes forming part of the financial statements

Upper Dales Community Land Trust
Report of the Board of Trustees for the year ended 31 March 2024
The Board of Trustees presents its report and audited financial statements for the
year ended 31 March 2024.
Administrative Information
Charity Name: Upper Dales Communty Land Trust
Charity registration number: 1195077
Registered Office and operational address: Hudson House. Anvil Square, Reeth,
Richmond, North Yorkshire DL116TB
Board of Trustees (referred to in this report as the 'Board')
Chair: Stephen Stubbs
Finance: William Fawcett
Secretsry.. Julie Fox
County Councillor Yvonne Peacock
Jason Sharpe (resigned 24th March 2024)
Auditors: Momentum Taxation and Accountancy Ltd, 14 Harelands Courtyard,
Melsonby, Richmond, North Yorkshire, DL10 5NY
Bankers: Unity Trust Bank, PO Box 7193, Planetsry Road, Willenhall WV19DG
Solicitors.. Richard Nixon, Partner. Mud(le LLP, Time Central, 32 Gallowgate,
Newcastle Upon Tyne NE14BF

Our Aims and Objectives
Our charity's pU￿oseS as set out in the Constitution dated 27th June 2022 are..
The objeGts of the Twst a￿ within the Upper Dales of North Yorkshire, for the public
benefit, to provide housing and any associated amenities forpersons in ne￿8$if0uS
c1￿umStanCeS upon tenns appmpriate to their means.
Mission
The Upper Dales Community Land Trust (UDCLT) recognises there is a critical
shortage of affordable, sustainable housing for people born, living or wor*ing in the
Upper Dales. We want to change this. ensuring our unique community, its history
and legacy. lives on.
The focus of our work
Our main objective for the year to 31st March 2024 was to progress the conversion
Bainbridge Methodist Chapel into two affordable apartments. The work with North
Star Housing Group has grown over the year and we have established a very
positive relationship with them. The developing lease was signed so that whilst
UDCLT owns the building, North Star are undertaking the building work and will
manage the properties On￿ completed.
The preferred builder pulled out within a month of the agreed start date in October
2023 so we worked very hard to secure a new fimi. They cornmen￿d on site in
January 2024 and have been excellent. A project manager was appointed, and
monthly project meetings have involved ourselves.
Media and publicity
We continue to raise awareness of our goals and a communty meeting was held in
October near the chapel to answer locals, questions and demonstrate that the
builders would be considerate to their issues. More generally, we participated in the
Reeth Agricullural Show in August with a stall. This was very successful and elicited
a lot of interest from local people. Our website and social media is being ably and
regularly updated by a skilled volunteer. The Prime Minister visited the chapel prior
to work starting and has promised to return once completed. (The chapel is in his
constituency). Following one of the media articles a member of the public invited us
to see his holiday flat in a local village and is offering this as a gift to the Trust on or
prior to, his death. This is a very generous offer and the associated legal issues are
being explored at the moment.
We have also made contact with the Yorkshire Dales National Park Authority and the
local Rural Housing Enabler and Housing Manager to seek their help and advice.
Once the North Yorkshire Council was established in April 2024, we hope to have
regular contact with them as well. A number of future sites have b￿n identified and
we are undertaking some worf( on Ihese in parallel to the development of Bainbridge
Chapel.

Improving our efficiency and skills
Intemally we continue to work on increasing our skills level and a list of policies is
being developed. We will wrf(e these over the nexi few months and take them to the
Board for approval and implementation.
How our activities deliver public benefit
We look to help provide homes for those who cannot afford to buy or rent a home
commercially in the Upper Dales, a rural area in North Yorkshire. We are still
considering how we might undertake a housing needs survey in the local Parishes in
Swaledale as there are a couple of possible future build options emerging in that
area. We have discussed how we might undertake this by considering funding from a
local charty and exploring options as to who could do the work. We want to be
involved on the ground and so are not rushing into this if the existing statistics and
data would be sufficient to support a planning application.
Financial Review
Principal Funding Sources
In addition to our funding from Richmondshire District Council, we re￿iVed an
unrestricted grant from the Yorkshire Dales Millennium Fund which will assist us to
pay for the huge range of assessments and surveys which are required to be done in
preparation for planning pemission applications.
Investment Policy
The benefrts of utilising two banks are demonstrated in our accounts by the amount
of interest we have b*n able to accrue in the interim period. We have retained the
day to day account and savings account with the Unty Bank and a savings account
with the Charty Bank.
Reserves Policy
At the moment our organisation is solely run by volunteers vtho pay most incidentals
out of their own pocket and so we have not needed a reserves policy. We will review
this position regularly.
Structure, Governance and Management
Governing Document
We are governed under our Constitution as a CIO (granted 27th June 2022) which
established our objects and powers.
Recruitment and Appointment of the Board of Trustees
The Board of Trustees consisted of five individuals throughout the year. In March
2024 one of the members give notits as his paid work was becoming too busy for
him to devote sufficient time to UDCLT. His business background is a significant loss
to the organisation and so we will be S￿kIng a new trustee in the future. We
continue to have two regular volunteers who undertake excellent work on Marketing
& Communications and the role of Board Advisor.
All members of the Board give their time voluntarily and receive no direct benefit
from the charity. Declaration of Interests is a regular agenda item with any being
recorded.

Skills assessment
Trustee Induction and Training
Job descriptions for trustees have been completed along with an induction
programme and policy awareness for new volunteers.
Risk Management
We sought legal advi￿ prior to signing the development contract with North Star,
and as a result a number of minor amendments were made. Splitting our monies into
two banks has reduced our financial risk. We have developed a risk register to
consider and mitigate major risks to the organisation and will be developing a
number of policies to address these issues as well. Wtth regard to possible sites, a
couple have been explored and rejected as a result of the cost of development but
also their suitabilty for tenants.
Organisational StrUC￿re
Related Parties
The UDCLT is partnered with North Star Housing Group, based in Stockton on Tees.
Responsibilities of the Board
Charity law requires the Board to prepare financial statements for each financial year
which give a true and fair view of the state of the affairs of the charitable company as
at the balance sheet date and of its incoming reSoUr￿S and application of resources,
including income and expenditure, for the financial year.
In preparing those financial statements. the Board should follow best practi￿ and:
select suitable accounting policies and then apply them consistently.,
makejudgements and estimates that are reasonable and prudent; and
prepare the financial statements on the going concem basis unless it is not
appropriate
to assume that the company will continue on that basis.
The Board is responsible for maintaining proper accounting records which disclose
with reasonable accuracy at any time the financial position of the charitable company
and to enable them to ensure that the financial statements comply with the
Companies Act 1985. The Board is also responsible for safeguarding the assets of
the charilable company and hen￿ for taking reasonable steps for the prevention and
detection of fraud and other irregularities.
Members of the Board of Trustees
Members of the Board who are trustees for the purpose of charity law, who served
during the year and up to the date of this report are set out at the start of this report.
Auditors
Momentum Taxation and Accountancy Ltd were appointed as the charitable
company's auditors during the year and have expressed their wllingness to continue
in that capacity.
This report has been prepared in accordance wtth the Statement of Recommended
Practi￿.. Accounting and Reporting by Chartties (issued in March 2005) and in

accordance with the special provisions of Part Vll of the Companies Act 1985
relating to small entities.
Approved by the Board of Trustees on 27th January 2025 and signed on its
behalf by:
Stephen Stubbs (Chair and Trustee)

Statement of Financial Activities (including income and
expenditure account)
Total
Fund5
2024
Totsl
Fund5
2023
Unrestrlcted
Funds
Rtstrirtèd
Funds
Note
Income
Income from generatèd funds:
Voluntsry income.. grants & donations
217,050
378
Interest
5,719
5,719
Total income
£9.719
£9.719
£217,428
Expenditure
Costs of Trust actvities
Governance costs
Other Resource5
900
10,789
167
1,178
167
9.611
7,372
Total expenditure
£2.245
£9.611
£11,856
£7,372
Net incorning {out8oingl resources
before transfers
Gross tran5fer5 between funds
7A74
19.6111
12.1371
210,056
io
Net movement of furKls in year
7.474
19,6111
12,1371
210.056
Reconclllatlon olfunds
Totsl fund brought forward
3.202
329,521
332,723
122,667
Total funds carried forward
17
£10.676
£319.910
£330.586
£332,723
The Statement of financial activities includes all gains and10sses recognised in the year. All
income and expendtture derive from continuing activities.

Balance Sheet as at 31st March 2024
Note
2024
2023
Fixed Assets
Tangible assets
12
209,990
77.546
Current Assets
Cash at bank and in hand
120.596
120,596
255,177
255,177
Liabilities
Creditors falling due wtthin one year
15
Net Current Assets
120,596
255,177
Total Assets Less Current Liabilities
Creditors falling due after more than one
vear
16
Net Assets
£330.586
£332,723
The fund5 of the charity
Restricted income funds
Unrestricted income funds
17
319.910
10.676
329,521
3,202
Total charity funds
£330,586
£332,723
In preparing these financial statements=
(a) For the year ended 31st March 2024 the company was entitled to exemption from
audit under Section 477 of the Companies Act 2006 relating to small companies,.
(b) The members have not required the company to obtain an audtt in accordance with
Section 476 of the Companies Act 2006, and
(c) The Directors acknowledge their responsibilities for..
(i) ensuring that the company keeps accounting records vthich comply with the
act, and

(li) preparing accounts which give a true and fair view of the state of affairs of the
company as at the end of the financial period and of its profrt or loss for the
financial year.
(iii) These financial statements have b￿n prepared in accordants with the special
provisions relating to small companies within Part 15 of the Companies Act
2006 and constitute the annual accounts required by the Companies Act 2006
and are for circulation to members of the company.
The notes on pages 12 to 18 fom) part of these accounts
Signed
Name:
stephen Stubbs
Chairman of Trustees on behalf of the Trust&s
Approved by the Trustees on 27th January 2025
io

Notes on the Accounts
Accounting policies
a) Basis of preparation
The financial statements have been prepared in accordance with Accounting and
Reporting by charities: Statement of Recommended Practice applicable to charities
preparing their accounts in accordance with the Financial Reporting Standard
applicable in the UK and Republic of Ireland {FRS 1021 leffertive January 2015)
(charities SORP IFRS 102)), the Financial Reporting Standard applicable in the UK and
Republic of Ireland IFRS 1021 and the Companies Art 2006.
In preparing the accounts, the trustees have considered whether in applying the
accounting policies required by FRS 102 and the Charities SORP FRS 102 the
restatement of comparative items was required. There were no adjustments on
transition to FRS 102.
b) Income
Voluntary income including donations, gifts and legacies and grants that provide core
funding or are of general nature are recognised where there is entitlement, certainty
of receipt and the amount can be measured with sufficient reliability. Such income is
only deferred when-
The donor specifies that the grant or donation must only be used in future
accounting periods- or
The donor has imposed conditions. which must be met before the charity has
unconditional entitlement.
Income from the Trust's activities is recognised as earned {as the related goods and
services are provided). Investment income is recognised on a receivable basis.
Income from charitable artivities includes income received under contract or where
entitlement to grant funding 15 Subject to specific performance conditions 15
recognised as earned {as the related goods or services are provided).
li

Grant income included in this category provides funding to support performance
activities and is recognised where there is entitlement, certainty of receipt and the
amount can be measured with sufficient reliability.
c) Volunteers and donated services and facilities
The value of the services provided by volunteers is not incorporated into these
financial statements.
d) Expenditure
Expenditure is recognised when a liabiltty is incurred.
Costs of generating funds are those costs incurred in attrarting voluntary income.
GMT activities include expenditure associated with the operation of educational
programmes and include both the direct costs and support costs relating to this
activity.
Governance costs include those incurred in the governance of the charity and its
assets and are primarily associated with constitutional and statutory
requirements.
e) Tangible Fixed Assets
Tangible fixed assets are depreciated on a reducing balance basis over their estirnated
useful (economic) lives a5 follows:_
Property
2% Straight Line
fj Stock
Stock is included at the lower of cost or net realisable value.
g) Funds structure
The trust has a number of restrirted income funds to account for Situations where a
donor requires that a donation must be spent on a particular purpose or where funds
have been raised for a specific purpose. All other funds are unrestricted income funds.
During the accounting period. the following restricted funds were in existence:
Bainbridge Chapel Fund,. Amount received towards the cost of conversion of
Bainbridge Chapel into two residential units.
12

Legal status of the Trust
The Trust is a company limited by guarantee and has no share capital. The liability of
each member in the event of winding up is limited to £1.
Related party transactions
The charity ha5 no transactions with any related parties.
Income from Trust activities
2024
2023
Voluntary income
Totsl
Un-Restricted
Restricted
Donations
Grants
£4,(W
£4.000
Investment income
Bank interest received £5,719.2912022: £378.29)
13

Expenditure
2024
2023
Total
Total
Uttrth¢ted
Restricted
Costs of generating voluntary income
Cost of Trust activities
Planning Fees
900
900
Governance costs
Publicity
Legal & Professional Fees
Bank Charges
Insurance
Hire of H311
Subscriptions
Postage & Printing
Training
Heat and Light
Computer Software
Property Depreciation
212
3.042
72
2.023
30
525
65
150
212
40
72
593
2,547
99
2,067
3,002
2,023
30
525
65
150
150
117
114
4,556
£10.789
114
4,556
£9,611
1,615
£7.372
£1.178
Other resources expended
Publicity Display Boards
£167
£167
Analysis of staff costs
2024
2023
Salaries and Wages
Pension Costs
Staff numbers
There are no staff employed. all positions are undertaken voluntary.
Particulars of stsff
Volunteers have and will continue, to fulfil a crucial role in providing support to
underpin many of the activities and objectives of The Upper Dales Community Land
Trust.
14

Movement in total funds for the year
2024
2023
This is stated aftef charging:
Depreciation
£4.556
£1,615
10. Transfer between funds
There were no transfers between funds to report.
11. Taxation
The company is a registered charity and no provision is considered necessary for
taxation.
15

12. Tangible Fixed Assets
Property
Other
Total
Cost:
As at I" April 2023
Additions
Disposals
80,776
137,IXIO
80,776
137,0(X)
at 31" March 2024
Depreciation:
s at I" April 2023
Charge for the year
Disposals
217.776
217,776
3,230
4,556
3,230
4,556
As at 31 March 2024
Net Book Value:
7,786
7,786
As at 31. March 2024
As at 31" March 2023
£209,990
£77,546
£209,990
£77,546
13. Debtors
2Q24
2023
Trade Debtors
Other Debtors
Prepayments and Accrued Income
15. Creditors: amounts falling due within one year
2024
2023
Creditors
Other Creditors and Accruals
16. Creditors: amounts falling due after more than one year
No such balances
17. Analysis of charitable funds
Restrirted funds are made up of the following balances:
2024
319,910
2023
329,521
Bainbridge Chapel Fund
£319,910
£329.521
16

18. Trustees remuneration and expenses
Trustees are reimbursed for out-of-pocket expenses incurred on behalf of The Upper
Dales Community Land Trust to sustain the efficient operation of the Trust. These
expenses are supported by expense claims. invoices, and other associated documents.
The gross amounts (thi5 includes 20% VAT where applicable) paid to reimburse
Trustees out-of-pocket expenses during the year were:
Stephen Stubbs-£Nil
William Fawcett- £Nil
Julie Fox - £Nil
Yvonne Peacock- £Nil
Ja50n Sharpe - £Nil
Examples of expenses include printer and computer consumable5, Stationery. postage.
17