GREATER MORPETH DEVELOPMENT TRUST
Greater Morpeth Development Trust will develop Morpeth to be a premier market town in North East England, promoting and improving the town and countryside for public benefit, economic and social well-being of people living and working in Morpeth and surrounding areas of Northumberland through the promotion of urban and rural regeneration.
Financial health, per its FY2025 accounts
The accounts state that total net assets stood at £1,592,755 as of March 2025, with unrestricted funds of £101,371. The trustees report that the trust has stabilized financially and implemented new working practices, noting that the high asset value is largely due to the accounting depreciation of the Morpeth Railway Station project rather than cash reserves.
What the accounts disclose
Property (HM Land Registry)
Trustees
- David Charles Richards
- FRANK RESCIGNO
- Lynda Robson MBE
- Michael Joseph Roddis
- Tamsin Susan Louise Sharp
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £82k | £158k |
| 31/03/2024 | £76k | £197k |
| 31/03/2023 | £46k | £213k |
| 31/03/2022 | £41k | £208k |
| 31/03/2021 | £68k | £220k |
Common questions
Is GREATER MORPETH DEVELOPMENT TRUST financially healthy?
Per its FY2025 accounts: The accounts state that total net assets stood at £1,592,755 as of March 2025, with unrestricted funds of £101,371. The trustees report that the trust has stabilized financially and implemented new working practices, noting that the high asset value is largely due to the accounting depreciation of the Morpeth Railway Station project rather than cash reserves.
Who funds GREATER MORPETH DEVELOPMENT TRUST?
Funders whose own accounts filings name GREATER MORPETH DEVELOPMENT TRUST as a grant recipient include THE CATHERINE COOKSON CHARITABLE TRUST.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| THE CATHERINE COOKSON CHARITABLE TRUST | FY2024 | £5k | Other Charities/Voluntary Bodies |
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Heritage Fund | 24/03/2017 | £8k | "Bringing Morpeth's Hidden History to a young generation" |
| The National Lottery Heritage Fund | 11/06/2015 | £878k | "Restoration and Redevelopment of Morpeth Heritage Railway Station" |
| The National Lottery Heritage Fund | 25/03/2013 | £90k | "Emily Inspires! Her Past, Our Present, Your Future" |
| The National Lottery Community Fund | 12/02/2009 | £10k | Community Arts Two Weeks |
| The National Lottery Heritage Fund | 14/03/2008 | £300k | "Living Heritage" |
| Northern Rock Foundation | 19/10/2007 | £350 | Grant awarded to Greater Morpeth Development Trust (Northumberland) |
| The National Lottery Heritage Fund | 02/07/2007 | £50k | "Emily Wilding Davison, Morpeth" |
| Northern Rock Foundation | 10/10/2006 | £138k | Grant awarded to Greater Morpeth Development Trust (Northumberland) |
| The National Lottery Community Fund | 25/09/2006 | £10k | Castle Morpeth Walking Festival |