Eckington Development Company

	Page
Trustees' Report	1—5
Independent Examiner's Report	6
Statement of Financial Activities (including Income and Expenditure Account)	7
Comparative Statement of Financial Activities (including Income and Expenditure Account)	8
Balance Sheet	9
Notes to the Financial Statements	10—14

The trustees present their report and the financial statements for the year ended 30 November 2025.

Objectives and Activities

Aims and Objectives

OBJECTIVES AND ACTIVITIES

Objectives and aims

The object of the charity is to create training and employment opportunities by the provision of workspace, buildings and land use on favourable terms to local commercial and non commercial entities.

In particular:

(a) The maintenance, improvement and provision of public amenities;

(b) The provision of recreational facilities for the public at large or those who by reason of their youth, age, infirmity or disablement, poverty or social and economic circumstances, have need for such facilities;

(c) The advancement of education, training, or retraining, particularly amongst unemployed people, and providing unemployed people with work experience;

(d) The provision of financial assistance, technical assistance or business advice and consultancy in order to provide training and employment opportunities for unemployed people in cases of financial or other charitable need through help in setting up their own business, the promotion of public safety, or the prevention of crime.

Our charity's purposes as set out in the objects contained in the company's Memorandum of Association and are summarised as follows:

The promotion for the benefit of the public of urban or rural regeneration in areas of social and economic deprivation, and in particular Eckington.

The aims of our charity state that we would like to see Eckington as a clean, safe, healthy, vibrant, attractive and accessible community, enjoyable to live in and visit, with successful businesses and shops.

We review our aims, objectives and activities each year the annual general meeting. This review looks at what we have achieved and the outcomes of our work in the previous twelve months. The review looks at the success of each key activity and the benefits they have brought to the town and its community. The review also helps to ensure the aims, objectives and activities remain focused on our stated purposes.

The Charity's main objective for the year continued to involve attracting small to medium businesses to locate within the town by locating within one of the two business centres which the charity operates.

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

The charity carries out a range of activities in pursuance of its charitable aims. The trustees consider that these activities, summarised below, provide benefit to the wider community of the Eckington Parish.

Eckington Business Centre 1, opened in 2005, consists of sixteen offices offering manage workspace aimed at small embryonic businesses, the centre has maintained high occupancy levels since opening with some very long term tenants.

Eckington Business Centre II, was opened in 2007, consists of fourteen offices offering managed workspace to growing enterprises; the centre has maintained high occupancy levels since opening.

The main purpose of both of these centres was to attract business people to locate within the town centre who would then spend their disposable income in the local shops and facilities helping to improve the economy of the town.

An additional purpose was to provide job opportunities to local people and indeed a high proportion of the tenants all live within a three mile radius of the town.

Both centres have meeting space which is utilised by both businesses in the centres and the surrounding area facilities which are not otherwise available within Eckington.

Eckington Business Centre II has a large room available for hire to the local community for a wide range of activities such Zumba, Pilates and Boxercise. Although other such facilities are available within the town none are as modern or purpose built. Many businesses hold there conferences and meetings within the business centres.

The company owns a colour photocopier and provides a laminating, binding, faxing and copying service to the local community.

The company also runs a community pantry and provides a summer community festival for the local town.

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Eckington Development Company

Trustees' Report (continued)

For The Year Ended 30 November 2025

Public Benefit

The achievements and activities outlined in this report demonstrate the public benefit arising from the charity's activities.

The trustees confirm that they have complied with the requirements of Section 17 of the Charities Act 2011 to have due regard to the Charity Commission’s guidance on public benefit.

Achievements and Performance

Main Achievements

ACHIEVEMENTS AND PERFORMANCE

Eckington Development Company continued to operate at full capacity with all offices fully let throughout the year. This in turn has led to increased financial stability for the company with reserves in the savings account increasing substantially. Bookings for the conference facility remain strong with bookings by both internal and external companies. Refurbishment and maintenance of both buildings continues as necessary, and it is envisaged the cost of this will increase over the next financial year as all three kitchens are updated along with the reception area of the first building.

The community food pantry continues to provide a valuable resource to the Parish with an average of thirty users each week. Funding was secured from Foundation Derbyshire once again to cover the cost of the Fareshare subscription and further funding was secured from several sources to support the running costs and purchase additional food items. We once again helped with sourcing the food for the breakfast bag scheme which runs throughout the summer school holidays, and we ran a workshop demonstrating soup making and gifted shop users with their own soup maker which it is hoped will reduce our food wastage of fresh produce. Christmas hampers were once again provided to our regular shop users, and we supplied emergency food parcels throughout the year to anyone finding themselves in financial distress.

In conjunction with Rykneld Homes and the Parish Council, funding was secured to provide activity and fun days for local children during the school holidays with particular emphasis placed on Christmas and summer school holiday events. Every child who attends an event with their parents is given a free lunch and the project is primarily aimed at children on free school meals, it is estimated that around four hundred children benefited over the course of the year.

The summer festival, held in July, was once again very successful, and improves each year. Funding was secured from the Parish Council and Rykneld Homes, which when combined with our own contribution enabled the committee to secure professional entertainment for the first time which was well received by the local community and ensured that the day was well attended.

By the end of the financial year in November 2025 the company once again finished in a strong financial position, with several projects completed, all of which improved the lives of people living and working in the Parish of Eckington.

Financial Review

Financial Position

The company works within budget and has policies in place to continue to work as a stand alone community enterprise. Once consolidation is achieved, surplus capital generated will be maintained as reserves for unplanned expenditure. Although we do not possess a written policy, it has been minuted at the Directors' Meeting that this is to be an objective.

Plans for the future

Eckington Development Company will continue to focus on its core business of providing managed office accommodation to small and medium company's over the coming year. Further marketing needs to be carried out and a new website has been completed. Developing relationships with other organisations has been identified as the key to increasing the usage of the meeting rooms and this will be the priority over the coming year.

Going Concern

The Trustees have not identified any material uncertainties related to events or conditions that may

cast a significant doubt about the charity's ability to continue as a going concern.

Structure, Governance and Management

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Eckington Development Company

Trustees' Report (continued)

For The Year Ended 30 November 2025

STRUCTURE, GOVERNANCE AND MANAGEMENT

Eckington Development Company is a registered charity, (Charity number: 1090439), and a company limited by guarantee,(Company number: 4321173).

The charity was incorporated on 12th November 2001 and is governed by its Memorandum and Articles of Association. All powers of management and control are vested in the charity's board of trustees.

The management of the charity's affairs is carried out by the board of trustees. The trustees meet regularly and direct the policy and overall management of the affairs of the charity. The day to day operational management of the charity is delegated to the charity's on-site staff, but all major expenditure is approved by the trustees.

The trustees meet regularly to formulate general policy. They are ultimately responsible for the day to day management of the charity, including the appointment and discharge of staff, the making, enforcing and altering of rules, and are the authority for all expenditure. Trustees are elected or re-elected as required under standard Companies Act principles amended as detailed in the organisation's constitution. Newly appointed trustees are offered support and 'on the job' training from previously experienced existing trustees and are given the opportunities to attend any further training thought required.

The income and property of the charity shall be applied solely towards the promotion of its objects as set forth in the Memorandum of Association. No portion thereof shall be paid or transferred, directly or indirectly, by way of dividend, bonus or otherwise howsoever by way of profit, to members of the charity. No member of the board of trustees shall be appointed to any office of the charity paid by salary or fees. Neither shall they receive any remuneration or other benefit in money or kind from the charity.

The charity has the power to invest its monies not immediately required for its objects in or upon such investments, securities or property as may be thought fit. The charity shall take or hold any property which may be subject to any trusts. The charity shall only deal with or invest the same in such manner as allowed by law, having regard to such trusts.

The trustees, who are also the directors for the purpose of company law, and who served during the year were:

A Jenkins

M Fry

P Calpin - resigned 24/07/26

R Kaur

A L Talford

S Mclean

K Gill - resigned 24/07/26

The existing trustees are responsible for the recruitment of new trustees and seek to identify people from the local community who are willing to assist in the company's aim of making Eckington a better place in which to live, work and socialise.

Potential trustees are invited to attend trustees' meetings as observers and are given more details of the charity's aims and activities. If a majority agree, they are then proposed as new trustees at the subsequent trustees' meeting. This process allows due consideration of the person's ability, personal competence, special knowledge and skills.

Following appointment, new trustees are introduced to their new role and given copies of the company's Articles of Association and a number of publications from the Charity Commission including a guide to good governance and a guide on charities and public benefit. This ensures that new trustees are aware of the scope of their responsibilities under the Charities Act.

The trustees are responsible for the general control and management of the charity. They give their time freely and receive no remuneration or other financial benefits.

The trustees meet together as a body monthly and are responsible for all major decisions taken in relation to running the business centres and the community facilities and activities provided by the charity. To assist in the smooth running of the charity, day to day managerial tasks are delegated to the business centre manager.

The charity is a member of Locality and receives advice and guidance from a mentor funded by the Adventure Capital Fund as part of their ongoing partnership with the company.

The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks. The major risk to the charity is considered to be that of sufficient funding not being generated in order to maintain the charity as a going concern.

Reference and Administrative Details

Trustees

Mrs Angela Talford

Mr Stephen Mclean

Mr Anthony Jenkins

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Eckington Development Company

Trustees' Report (continued)

For The Year Ended 30 November 2025

Mrs Margaret Fry

Mrs Rajvinder Kaur

Charity Number

1090439

Company Number

04321173

Independent Examiner

Chris Pheasey Number Crunchers (Sheffield) Ltd MAAT, ACMA, CGMA

Number Crunchers (Sheffield) Ltd

2 Rotherside Court Rotherside Road
Eckington
Sheffield
S21 4HL

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Eckington Development Company

Trustees' Report (continued)

For The Year Ended 30 November 2025

Small Company Rules

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

The trustees' report was approved by the board of trustees and signed on its behalf by:

Mrs Angela Talford

Trustee

24/09/2026

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Eckington Development Company

Independent Examiner's Report to the Trustees of Eckington Development Company

For The Year Ended 30 November 2025

Independent Examiner's Report to the Trustees of Eckington Development Company

I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 November 2025.

Responsibilities and Basis of Report

As the charity trustees of the Company (and also its directors for the purposes of company law), you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (“the 2006 Act”).

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent Examiner's Statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
the accounts do not accord with those records; or
the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair view' which is not a matter considered as part of an independent examination; or
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Chris Pheasey Number Crunchers (Sheffield) Ltd MAAT, ACMA, CGMA

24/09/2026

2 Rotherside Court Rotherside Road
Eckington
Sheffield
S21 4HL

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Eckington Development Company

Statement of Financial Activities (including Income and Expenditure Account)

For The Year Ended 30 November 2025

Statement of Financial Activities (including Income and Expenditure Account)

				2025	2024
		Unrestricted funds	Restricted funds	Total funds	Total funds
	Notes	£	£	£	£
INCOME AND ENDOWMENTS FROM:
Donations and legacies	3	1,723	10,825	12,548	39,582
Charitable activities:
Charitable Activity		196,073	-	196,073	189,128
Investments	4	448	-	448	439

		198,247	10,824	209,071	229,149

EXPENDITURE ON:
Raising funds	6	-	-	-	2
Charitable activities:	6
Charitable Activity		(167,303 )	(19,004 )	(186,307 )	(197,600 )

		(167,303 )	(19,004 )	(186,307 )	(197,598 )

NET INCOME		30,944	(8,180 )	22,764	31,551

Gains on revaluation of fixed assets		-	-	-	200,000

NET MOVEMENT IN FUNDS		30,944	(8,180 )	22,764	231,551
RECONCILIATION OF FUNDS:
Total funds brought forward		142,578	940,179	1,082,757	851,206

TOTAL FUNDS CARRIED FORWARD	15	173,522	931,999	1,105,521	1,082,757

The notes on pages 10 to 14 form part of these financial statements.

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Eckington Development Company

Comparative Statement of Financial Activities (including Income and Expenditure Account)

For The Year Ended 30 November 2025

Comparative Statement of Financial Activities (including Income and Expenditure Account)

				2024
		Unrestricted funds	Restricted funds	Total funds
	Notes	£	£	£
INCOME AND ENDOWMENTS FROM:
Donations and legacies	3	200	39,382	39,582
Charitable activities:
Charitable Activity		183,068	6,060	189,128
Investments	4	439	-	439

		183,707	45,442	229,149

EXPENDITURE ON:
Raising funds	6	2	-	2
Charitable activities:	6
Charitable Activity		(180,240 )	(17,360 )	(197,600 )

		(180,238 )	(17,360 )	(197,598 )

NET INCOME		3,469	28,082	31,551

Gains on revaluation of fixed assets		-	200,000	200,000

NET MOVEMENT IN FUNDS		3,469	228,082	231,551
RECONCILIATION OF FUNDS:
Total funds brought forward		139,109	712,097	851,206

TOTAL FUNDS CARRIED FORWARD	15	142,578	940,179	1,082,757

The notes on pages 10 to 14 form part of these financial statements.

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Eckington Development Company

Balance Sheet

As At 30 November 2025

Balance Sheet

				2025	2024
		Unrestricted funds	Restricted funds	Total funds	Total funds
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	11	99,605	906,881	1,006,486	1,007,834

		99,605	906,881	1,006,486	1,007,834
CURRENT ASSETS
Debtors	12	7,891	(1 )	7,890	6,936
Cash at bank and in hand		82,518	25,119	107,637	83,674

		90,409	25,118	115,527	90,610
Creditors: Amounts Falling Due Within One Year	13	(16,492 )	-	(16,492 )	(15,687 )

NET CURRENT ASSETS (LIABILITIES)		73,917	25,118	99,035	74,923

TOTAL ASSETS LESS CURRENT LIABILITIES		173,522	931,999	1,105,521	1,082,757

NET ASSETS		173,522	931,999	1,105,521	1,082,757

FUNDS OF THE CHARITY
Restricted Funds				931,999	940,179
Unrestricted Funds				173,522	142,578

TOTAL FUNDS	15			1,105,521	1,082,757

For the year ending 30 November 2025 the charitable company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

On behalf of the board

Mrs Angela Talford

Trustee

24/09/2026

The notes on pages 10 to 14 form part of these financial statements.

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Eckington Development Company

Notes to the Financial Statements

For The Year Ended 30 November 2025

Notes to the Financial Statements

1. General Information

Eckington Development Company is a company limited by guarantee, incorporated in , registered number 04321173 and registered charity number 1090439 . The registered office is .

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) "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 102) (effective 1 January 2019)", Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

The charitable company is a Public Benefit Entity as defined by FRS 102.

2.2. Going Concern Disclosure

The Trustees have not identified any material uncertainties related to events or conditions that may

cast a significant doubt about the charity's ability to continue as a going concern.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	10% on cost
Computer Equipment	33% on cost

2.4. Cash and Cash Equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.

3. Income from Donations and Legacies

			2025
	Unrestricted	Restricted	Total
	funds	funds	funds
	£	£	£
Donations and gifts	1,723	-	1,723
Grants	-	10,825	10,825

	1,723	10,825	12,548

			2024
	Unrestricted	Restricted	Total
	funds	funds	funds
	£	£	£
Donations and gifts	200	200	400
Grants	-	39,182	39,182

	200	39,382	39,582

4. Investment Income

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Eckington Development Company

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2025

	2025	2024
	Unrestricted	Unrestricted
	funds	funds
	£	£
Bank interest receivable	448	439

5. Net Income/(Expenditure)

The net income is stated after charging/(crediting):

	2025	2024
	£	£
Depreciation of tangible fixed assets - owned	1,642	1,548

6. Analysis of Expenditure

	2025
	Support costs (see note 7 )
	£
Charitable Activity	186,307

	2024
	Support costs (see note 7 )
	£
Raising funds	(2 )
Charitable Activity	197,600

	197,598

7. Support Costs

	2025
	Charitable Activity
	£
Employee costs	89,629
General administration	94,017
Depreciation	1,642
Governance costs	1,019

	186,307

			2024
	Raising funds	Charitable Activity	Total
	£	£	£
Employee costs	-	82,236	82,236
General administration	(2)	112,382	112,380
Depreciation	-	1,548	1,548

...CONTINUED

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Eckington Development Company

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2025

Interest payable	-	191	191
Governance costs	-	1,243	1,243

	(2 )	197,600	197,598

8. Independent Examiner's Remuneration

	2025	2024
	£	£
Independent examination of the financial statements	1,019	1,243

9. Staff Costs

Staff costs were as follows:

	2025	2024
	£	£
Wages and salaries	87,714	81,336
Other pension costs	1,915	900

	89,629	82,236

No employees received employee benefits (excluding employer pension costs) for the reporting period of more than £60,000.

10. Average Number of Employees

Average number of employees during the year was: 4 (2024: 5)

11. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 December 2024	1,000,000	160,653	1,580	1,162,233
Additions	-	-	294	294

As at 30 November 2025	1,000,000	160,653	1,874	1,162,527

Depreciation
As at 1 December 2024	-	153,653	746	154,399
Provided during the period	-	1,224	418	1,642

As at 30 November 2025	-	154,877	1,164	156,041

Net Book Value
As at 30 November 2025	1,000,000	5,776	710	1,006,486

As at 1 December 2024	1,000,000	7,000	834	1,007,834

12. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	7,890	6,936

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Eckington Development Company

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2025

13. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Other creditors	638	182
Taxation and social security	9,451	9,599
Accruals and deferred income	6,403	5,906

	16,492	15,687

14. Pension Commitments

The charitable company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the charitable company in an independently administered fund.

During the year the charge to the statement of financial activities in respect of defined contribution schemes was £1,915 (2024: £900).

At the balance sheet date contributions of £638 (2024: £0) were due to the fund and are included in creditors.

15. Movement in Funds

	As at 1 December 2024	Income	Expenditure	As at 30 November 2025
	£	£	£	£
Unrestricted funds
General:
General unrestricted fund	142,578	198,247	(167,303 )	173,522
Restricted funds
Restricted	940,179	10,824	(19,004 )	931,999


Total funds	1,082,757	209,071	(186,307 )	1,105,521

	As at 1 December 2023	Income	Expenditure	Gains and losses	As at 30 November 2024
	£	£	£	£	£
Unrestricted funds
General:
General unrestricted fund	139,109	183,707	(180,238 )	-	142,578
Restricted funds
Restricted	712,097	45,442	(17,360 )	200,000	940,179


Total funds	851,206	229,149	(197,598 )	200,000	1,082,757

16. Transactions with Trustees

During the year the expenses reimbursed to the trustees or paid directly to third parties were as follows:

	2025	2024
	£	£

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Eckington Development Company

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2025

17. Related Party Disclosures

There were no related party transactions for the year ended 30 November 2025

18. Company limited by guarantee

The company is limited by guarantee and has no share capital.

Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.

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