CRAGHEAD DEVELOPMENT TRUST LIMITED
CDT currently runs a childcare centre, a family centre and is a landlord of three properties in Craghead offering reasonable rents to their local tenants.
Objects
TO PROMOTE THE BENEFIT OF THE INHABITANTS OF CRAGHEAD AND SURROUNDING DISTRICTS WITHOUT DISTINCTION OF SEX, SEXUAL ORIENTATION, RACE OR OF POLITICAL RELIGIOUS OR OTHER OPINIONS BY ASSOCIATING TOGETHER THE SAID INHABITANTS AND THE LOCAL AUTHORITIES, VOLUNTARY AND OTHER OPINIONS BY ASSOCIATING TOGETHER THE SAID INHABITANTS AND THE LOCAL AUTHORITIES, VOLUNTARY AND OTHER ORGANISATIONS IN A COMMON EFFORT TO ADVANCE EDUCATION, PROVIDE SOCIAL AND ECONOMIC REGENERATION AND RELIEVE POVERTY BY PROVIDING OPPORTUNITIES IN THE INTERESTS OF SOCIAL WELFARE FOR RECREATION AND LEISURE TIME OCCUPATION WITH THE PRIMARY OBJECT OF IMPROVING THE CONDITIONS OF LIFE FOR THE SAID INHABITANTS.
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net income increase to £58,138 for the year ended 31 March 2025, resulting in total funds of £272,510. The trustees confirmed that the charity has sufficient resources to cover likely cash requirements and contingencies for the forthcoming year. They also noted that there are no material uncertainties regarding the charity's ability to continue operating.
What the accounts disclose
“The trustees have designated an operating fund to be set aside to cover core running costs in the event of a funding shortage, equivalent to 3 months’ salary costs.” — page 17
“During the year fees for accountancy services of £1,835 (2024: £2,425) were paid to TLB Accountancy Services, a business controlled by T Bowman.” — page 15
Policies the charity declares
- Bullying and harassment policy and procedures
- Complaints handling
- Complaints policy and procedures
- Conflicting interests
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Paying staff
- Risk management
- Safeguarding policy and procedures
- Safeguarding vulnerable beneficiaries
- Serious incident reporting policy and procedures
- Social media policy and procedures
- Trustee conflicts of interest policy and procedures
- Volunteer management
Property (HM Land Registry)
Trustees
- GILES HUNTER
- James Fergus Mitchell
- TRACY LEWIS BOWMAN
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £349k | £291k |
| 31/03/2024 | £259k | £273k |
| 31/03/2023 | £219k | £264k |
| 31/03/2022 | £238k | £238k |
| 31/03/2021 | £266k | £242k |
Common questions
Is CRAGHEAD DEVELOPMENT TRUST LIMITED financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a net income increase to £58,138 for the year ended 31 March 2025, resulting in total funds of £272,510. The trustees confirmed that the charity has sufficient resources to cover likely cash requirements and contingencies for the forthcoming year. They also noted that there are no material uncertainties regarding the charity's ability to continue operating. Its FY2025 accounts were independently examined.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Community Fund | 21/01/2010 | £8k | Film in the Font |
| Northern Rock Foundation | 13/12/2005 | £80k | Grant awarded to Craghead Development Trust Ltd (Durham) |