Newcastle Development Association Ltd DIRECTORS' ANNUAL REPORT for the financial year ended 30 June 2025
The directors present their Directors' Annual Report, combining the Directors' Report and Trustees’ Report, and the unaudited financial statements for the financial year ended 30 June 2025.
The financial statements are prepared in accordance with the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
The Directors' Report contains the information required to be provided in the Directors’ Annual Report under the Statement of Recommended Practice (SORP) guidelines. The directors of the charity are also charity trustees for the purpose of charity law and under the charity's constitution are known as members of the board of trustees.
In this report the directors of Newcastle Development Association Ltd present a summary of its purpose, governance, activities, achievements and finances for the financial year 30 June 2025.
The charity is a registered charity and complies with the Statement of Recommended Practice applicable in the UK and Republic of Ireland FRS 102, in these financial statements.
a Mission, Objectives and Strategy . Objectives Newcastle Development Association is a community led organisation committed to enhancing the appearance of Newcastle town and redevelop derelict sites. .
Review of Achievements and Performance
The charity receives rental income from 3 properties. It invites associations, groups and bodies to apply for financial assistance for qualifying projects in line with our charitable purposes.
Each applicant completes an application former and includes supplementary documentation. A maximum grant of £5000 per project has been set. 4 donations of £5000 were paid out during the period, details of which can be found on page 11.
' Financial Review The results for the financial year are set out on page 7 and additional notes are provided showing income and expenditure in greater detail.
. Results and Dividends At the end of the financial year the charity has assets of £508,323 (2024 - £509,009) and liabilities of £816 (2024 - £559). The net assets of the charity have decreased by £943.
Directors
The directors who served throughout the financial year, except as noted, were as follows:
Mr Shaun Killough
- Mr David Maginn Mr Micheal Rodgers
Compliance with Sector-Wide Legislation and Standards
The charity engages pro-actively with legislation, standards and codes which are developed for the sector. Newcastle Development Association Ltd subscribes to and is compliant with the following: = The Companies Act 2006 = The Charities SORP (FRS 102)
Approved by the Board of Directors on 24th February 2026 and signed on its behalf by:
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Mr Shaun|
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Trustee
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