LT
UPPLR 9AII5 COMMJNIIY LANfp TXUSI
Upper Dales Community Land Trust
Report and Financial Statements
For the Year Ended 31 March 2025
Charity number 1195077

LT
Upper Dales Community Land Trust
Annual Report &
Financial Statements
For the Year Ended 31 March 2025
Contents Page
Administrative Information
Annual Report
Financial Review
Structure, Governance and Management
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 2025
The Board of Trustees presents its report and audited financial
statements for the year ended 31 March 2025.
Administrative Information
Charity Name: Upper Dales Community 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
Secretary." Julie Fox
County Councillor Yvonne Peacock
John Matthews (appointed December 2024)
Auditors: Momentum Taxation and Accountancy Ltd, 14 Harelands Courtyard,
Melsonby, Richmond. North Yorkshire, DL10 5NY
Bankers: Unity Trust Bank, PO Box 7193, Planetary Road, Willenhall WV1 9DG
Charity Bank. Fosse House. 182, High Street, Tonbridge TN9 1 BE
Solicitors.. Richard Nixon. Partner, Muckle LLP, Time Central, 32 Gallowgate,
Newcastle Upon Tyne NE14BF

Annual Report
Our Aims and Objectivés
Our charity's purposes as set out in the Constitution dated 27th June 2022 are:
The objects of the Trust are within the Upper Dales of North Yorkshire. for t17e public
benefit, to provide housing and any associated an7enities forpersons in necessitous
circumstances upon terms appropriate to their means.
Misston
The Upper Dales Community Land Trust {UDCLT) also referred to as 'the Trust,
recognises there is a critical shortage of affordable, sustainable housing for people
born, living or working in Ihe 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 March 2025 was to complete and let the two
affordable apartments from the conversion of Bainbridge Methodist Chapel. This was
managed by North Star Housing Group in partnership with the Trust. The builder
started on site in January 2024 and completed the work in August of the same year.
This local company delivered high quality work and the collaboration between the
three parties has been very positive.
In September, the two bedroomed apartments were let to local young people via Ihe
Home Choice arrangements in North Yorkshire Council. North Star Housing Group
will manage Ihese on a long lease from the UDCLT. The local MP, Rishi Sunak, who
has been very supportive throughout, officially opened the properties in November.
Media, publicity and local contscts
One of our volunteers ably manages our marketing through our website, social
media (mainly Facebook) and press releases, articles and adverts. These feature in
the local press and in the Dales monthly magazines available to the public in both
hard copy and online. We have eslablished an email newsletter to Ihose signing up
on our website.
In August 2024 we had a stall and banner displayed at the local agricultural show in
Reeth. We used this to raise awareness about our organisation, knowledge of our
progress with Bainbridge Chapel and to encourage those who had a housing need to
register wilh Home Choice. We handed out information leaflets that were universally
well received by the public and recruited ￿0 new volunteers. Copies of the leaflets
are now available from the local community resource, Hudson House in Reeth.
We have established regular meetings with the Yorkshire Dales National Park
Authority (the planning aulhority}, North Slar Housing Group and North Yorkshire
Council. The latter representatives are primarily the Rural Housing Enabler staff.
These ne￿orkIng meetings have enabled us lo ulilise Iheir knowledge, skills and
wise advice to help us determine our next project. Some proposals have been
considered and rejected for the time being, and for others a priority order has been
agreed. Our next project will be to progress the four homes in Arkengarthdale.

Working with North Star Housing Group, we will undertake a feasibility study of this
site which already has planning permission - albeit subject to the signing of a s106
agreement.
Our chapel project has featured as a case study for Homes England (a non-
departmental public body, sponsored by the Ministry of Housing, Communities and
Local Government) that supports the provision of affordable housing through capital
grants.
There has been some limited contact with the Mayor of York and North Yorkshire
(such as inviting him to the chapel apartments opening) and we hope to build on this
in the nexi year.
Improving our efficiency and skllls
Internally we have written and agreed at Ihe Board a considerable number of policies
to help guide our govemance and behaviour. These have been pla￿d on our
website. Most will be reviewed on a three yearly rolling basis.
We established an opportunities spreadsheet which highlighted a range of pertinent
issues relating to each site. This was reviewed as more information came in and
along with the multiagency advice above, helped us to determine which site we
should concentrate our efforts on next.
We are members of the National Council for Voluntary Organisation (NCVO), which
provides us with a wide range of information and training materials, and the
Community Land Trust Network.
How our actlvltles 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.
In the current year we have worked on deciding how best to undertake a Housing
Needs Survey to demonstrate hard evidence of need. There are secondary data sets
that do this, but we wanted to undertake primary completion of a survey on the
ground. North Yorkshire Council offered to distribute the survey in the seven
Parishes that cover Swaledale and Arkengarthdale. This proposal was laken to each
Parish Council meeting with representatives from both the Council and the Trust.
The purpose was explained. and support was gained from each one.
In addition lo the household survey {to be distributed to 1393 homes), three of us
undertook a survey of local employers. We asked if they had experienced issues
with recruitment due lo lack of suitable accommodation and encouraged completion
of the survey. We were able to contact over 65 employers and gained useful insights
into employer issues locally.
The survey will be distributed in May 2025 with results available in the autumn. If
demonstrating a need, the resultant report will be used to support planning and
funding applicalions.

We were asked to talk to a Community Land Trust in a different part of the county
about how we had managed to progress the chapel. This March meeting provided a
lively exchange of views and suggestions about how they might move fomard and
some challenges for us to consider.

Financial Review
Principal Funding Sources
In addition to our original funding from Richmondshire District Council, we re￿iVed a
£2,500 grant from Enterprise Rentacar which will help us to pay for the range of
assessments and suNeys which are reqL¢ired to be done in preparation for planning
permission applications. Lease monies from North Star Housing on Bainbridge
Chapel are now being received annually.
A very kind individual has offered to donate his flat to us in his Will. The legal
arrangements for this are progressing.
Investment Policy
The benefits of utilising two banks are demonstraled in our accounls by the amount
of interest we have been able to accrue in the interim period. We have retained the
day-to-day account and savings account with the Unity Bank and a savings account
with the Charity Bank.
Reserves Policy
Whilst the organisation is run solely by volunteers who pay most incidentals out of
their own pocket, should we wish to continue to explore the feasibility of sites we
have estimated that a reseNes fund of £19,000 is advisable to cover 12 months
expenses. Our Reserves Policy was approved by the Board in November 2024 and
will be reviewed on or before November 2027.

Structure, Governance &
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. One of our
volunteers agreed to become a trustee in December and we continue to have a
regular volunteer who undertakes our marketing and communications work. The
newly appointed volunteers have helpful skills as an architect and a surveyor.
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.
Trustee Inductlon and Training
Two people attended an excellent live on-line day course on engaging communities
with Ihe Community Land Trust Network and in October 2024 most trustees and
volunteers participated in an externally led workshop with staff from North Star
Housing Group. This helped us to clarify our values and joint aims and objectives
and how we might best work together. along with developing a Heads of
TermslLetter of Intention for our next project.
In February 2025 trustees undertook internal training on Safeguarding.
Risk Management
We have established a policy on Internal Risk Management. We have a Risk
Register to consider and mitigate major risks lo the organisation which is regularly
reviewed.
Splitting our monies into two banks has reduced our financial risk. We have
developed a Financial Controls Policy.
We have developed and agreed policies on Data Protection, Safeguarding, Health &
Safety. and Serious Incident Reporting.
Organisational Structure
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 resources and application of resources,
including income and expenditure, for the financial year.

In preparing those financial statements, the Board should follow best practice and-
select suitable accounting policies and then apply them consistently,
make judgements and estimates that are reasonable and prudent-, and
prepare the financial statements on Ihe going concern 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 stalements comply with the
Companies Act 1985. The Board is also responsible for safeguarding the assets of
the charitable company and hence 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 Ihe 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 willingness to continue
in that capacity.
This report has been prepared in accordance with Ihe Statement of Recommended
Practice: Accounting and Reporting by Charities (issued in March 2005} and in
accordance with the special provisions of Part Vll of the Companies Act 1985
relating to small entities.
Approvad by the Board of Trustees on 18th November 2025 and signed on its
behalf by:
Stephen Stubbs {Chair and Trustee)

Statement of Financial Activities
(including income and expenditure account)
Total
Fund5
2025
Total
Fund5
2024
Unrestricted
Funds
Restricted
Funds
Note
Income
Income from Trust actlvities:
83inbridge Chapel Lease
295
295
Income from generated funds:
Voluntary income.. grants & donations
2,500
2,500
4,000
Interest
3,775
3,775
5,719
Total income
£6,570
£6.S70
£9.719
Expenditure
Costs of Trust artivities
Governance costs
Other Resources
900
10,789
167
2,053
158
3.060
5,113
158
Total expenditure
£2,211
£3,060
£5.271
£11,856
Net Incomln8 loutgolngl resources
before transfers
Gross transfers between funds
4.359
13.0601
1.299
12.1371
io
Net movement of funds In year
4.359
13,0601
1,299
12,1371
Reconciliation of funds
Total fund brought forward
10,676
319,910
330,586
332.723
Total funds caTried forward
17
£15.035
£316,850
É331,885
£330,586
The statement of financial activities includes all gains and losses recognised in the year. All
income and expenditure derive f rom continuing activities.
io

Balance Sheet as at 31 st March 2025
Note
2025
2024
Fixed Assets
Tangible assets
12
205,634
209,990
Current Assets
Cash at bankand in hand
126,251
126,251
120,596
120,596
Liabilities
Creditors falling due within one year
15
Net Current Assets
126,251
120,596
Total Assets Less Current Liabilities
Creditors falling due after more than one
year
16
Net Assets
£331.885
£330,586
The funds of the charity
Restricted income funds
Unrestricted income funds
17
316,850
15,035
319,910
10,676
Total charlty funds
£331,885
£330.586
In preparing these financial stalements:
(a) For the year ended 31s1 March 2025 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 audit in accordance with
Section 476 of the Companies Act 2006, and
(c} The Directors acknowledge their responsibilities for:
li) ensuring that the company keeps accounting records which comply with the
act. and
li

{ii) preparing accounts which give a true and fair view of the slate of affairs of the
company as at the end of the financial period and of its profit or loss for the
financial year.
liii)These financial statements have been prepared in accordance 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 Acl 2006
and are for circulation to members of the company.
The notes on pages 12 to 18 form parl of these accounts
Signed:
Name:
Stephen Stubbs
Chairman of Trustees on behalf of the Trustees
Approved by the Trustees on 18th November 2025
12

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 IFRS 1021 leffective January 2015)
Icharities SORP IFRS 10211. the Financial Reporting Standard applicable in the UK and
Republic of Ireland IFRS 102} and the Companies Act 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 f RS 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
accountin8 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 activities includes income received under contract or where
entitlement to grant funding is subject to specific performance conditions is
recognised as earned las the related goods or services are provided).
13

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 liability is incurred.
Costs of Eenerating funds are those costs incurred in attracting 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 a55ets are depreciated on a reducing balance basis over their estimated
useful leconomicl lives as follows:_
Property
2Yo 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 restricted 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.
14

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 has no transactions with any related parties.
Income from Trust activities
2025
29S
2024
Bainbridge Chapel Lease
295
Voluntary income
Total
Un-Restrlcted
Restricted
Donations
Grants
2,500
£2,500
2,500
£2.500
Investment income
Bank interest received £3.774.6712024'. £5,719.29)
15

Expenditure
2025
2024
Total
Total
Unrestrttsd
Restrlrttd
Cost5 of generating voluntary income
Cost of Trust actlvltles
Planning Fees
900
£900
Governance costs
Publicity
Legal & Professional Fees
Bank Charges
Insurance
Hire of Hall & meeting costs
Subscriptions
Postage & Printing
Training
Heat and Light
Computer Software
Property Depreciation
387
1651
70
11,1441
14
381
43
800
1871
358
4.356
£5,113
387
212
3.042
72
2,023
30
525
65
150
1651
70
11,1441
14
381
43
800
1871
358
114
4,556
£10.789
4,356
£3,060
£2,053
Other resources expended
Publicity Display Boards
£158
£158
£167
Analysis of staff costs
2025
2024
Salaries and Wages
Pension Costs
Staff numbers
There are no staff employed, all positions are undertaken voluntary.
Particulars of staff
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.
16

Movement in total funds for the year
2025
2024
This is stated after charging..
Depreciation
£4,356
£4,556
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.
17

12. Tangible Fixed Assets
Property
Other
Total
Cost:
As at I" April 2024
Additions
Disposals
217,776
217,776
As at 31" March 2025
Depreciation..
As at I" April 2024
Charge for the year
Disposals
217,776
217,776
7,786
4,356
7,786
4.356
As at 31" March 2025
Net Book Value..
12,142
12,142
As at 31st March 2025
£205.634
£205,634
As at 31" March 2024
£209,990
£209,990
13. Debtors
2025
2024
Trade Debtors
Other Debtors
Prepayments and Accrued Income
15. Creditors: amounts falling due within one year
2025
2023
Creditors
Other Creditors and Accruals
16. Creditors.. amounts falling due after more than one year
No such balances
17. Analysis of charitable funds
Restricted funds are made up of the following balances..
2025
316,850
2024
329,521
Bainbridge Chapel Fund
£316,850
£329,521
18

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 (this 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
John Matthews- £13.60
Examples of expenses include printer and computer consumables, stationery, postage.
19