Charlty rngl8tratlon numbor 10453J4 (England and Wal981
Company roglstratlon numbgr 02814950
WORKSOP AND RETFORD HOUSING PROJECT UMITED
NEW ROOTS HOUSING PROJECT
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

WORKSOP AND RETFORD HOUSING PROJECT LIMITED
NEW ROOTS HOUSING PROJECT
LEGALAND ADMINISTRATIVE INFORMATION
Op•ratlng Name
New Roots Housing Proj•
ompany numb•r
02814950
Chdrlty numlM>T
1045334
R•gl8tered offk¢
2 Overerhd Road
Worksop
Nottinghamshlre
S80 1QF
Chalr
SknBrt
Manag•mont Commlttw (Dlr•¢tov¥ And Tr￿1￿$) J Grllllth$
R Hc&8on
S (Chair)
J Barton (Treasurer)
P Dickinson (Mcé Ch8lT)
Senlor staff
Senlor Project Manager
Buslnes$ Coordinator
Social Core Manag&r
l Barley
V Baker4haw
Audltor
Rogers Spencer
New5tead House
Pelham Road
Nottinghwn
NG5 1AP
Bankgr¥
Natsvest
69 BTidg8 Street
rksop
S80 1DJ

WORKSOP AND RETFORD HOUSING PROJECT LIMITED
NEW ROOTS HOUSING PROJECT
CONTENTS
Pag¢
Trustsos rèport
Statement of Trustee8 ￿SponSIbl11￿.8s
10
Ind•pend8nt auditols report
Ststemenl of finBncial actimtteg
15-18
Balance 8hoet
17
statement 0f￿h flwJ
18
Nok¥ to the financial statements
19-30

WORKSOP AND RETFORD HOUSING PROJECT LIMITED
NEW ROOTS HOUSING PROJECT
TRUSTEES REPORT {INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 MARCH 2024
The managemont commttt8e (who arn ako directors frir the purposes of ¢ompany law) or plgase FTrs8nt the
annual Rport for the financial y8ar endiw the 31st of March 2024.
The financial statements have been prepared in accordance with the accounting PDlicies sfjt wt in note 2 to th&
financial statements and comply wth tho charivs governlng document, the Compani95 Acl 2(K6 and
"Accounting and Reporting by Charitre5'. Statement of Recommended Practr'oe opplicable to charithes pr•partng
their accounts in accordance with the FinBncial R•portlng St8rKlard 8pplicabL9 in th8 UK and R8public of Irgland
{FRS 102) (effectlve l January 2019)"
ObJoctlvèJJ and a¢tlvlth•
Thls report higNights cur achigvgmonts. finandal ￿rf0M19nce and strategic In￿ativeS undertaken durlng the
pasl year.11 h05 been a year of growth, challenges, and $lgrdfi¢anl Impa¢t In our mission to:
"oll•rwe¢lalistsupport and ac¢ommodatlon to hom•l••¥ young p•opl• wlth ¢arn •xperfeneo or those at
rl•k ol•nt•rlng th• care 8ystem'
New Roots 1$ a voluntary Sector organi5ation Ihat Offe￿ a hlgh standard ol acccfffimouation and sUPlXlrt to
homeless young ￿0P1a wrfih care exporlence or those at rfsk of ent¢ring the ¢&ro system in Bgsgeuaw and the
svTrounding areas.
The organisalion is a company limited by gu8r8ntee. 11 was estsblished as a company in 1993 and ragistered a$
o charity in 1995 and since that ttme has devebFed a long arKI impressive track record lor doliv8￿1¥j high quallty.
niche services.
New Roots has benefited from effe¢tive strategic management that has enabled the organi5alion to ￿8th0r
changes in the so¢ial. polltical and o¢onomic enVir(￿ment challenges Includlng the Increasing pressures felt as
re8uII of th8 so call '￿$t of living ¢fiSiS' that has led to growing levels of bolh absolutslrelative P0￿rtY and
continued reduction in public service8,' exacerbatlng the pressures felt by homeles8 and 'care èxporiencetr
young people, in partlcular In relatlon to PQOf m•nlal haalth.
Sound financial management and plannlThJ ha8 SUPPOrted ¢ontinued devèlopment and expanslon of both our
property portfolio and the range and depth of services and support, we are able to pro￿de young peoplo.
ljelleve, are the local market leader (the pro￿der of choke) In the provlslon ol accornmodation and bespd(e
support for young p80ple with high levels of cornpkx need.
Core SeThlc•8
Our core sepilces have remalned conslslent. Over the last year we hav¢ worked wlth over 99 GhildTrn and young
peoF4e au0¥5 4 key servioe areos that provvje Pl￿FIC tenefft
Supported A¢commod•tlon
A mixed model of accommodation and Support for young peopl8 16-25year5, wlth support levels that step up
and down accordlng to nÈèd. Provkling a 5eanqess pumey. Purd*sed in bloth by Nottinghamshir& County
Coun¢il.
Young Parents 8upport•d A¢¢ommodatlDn
A mixed model of gccornmodation and supporL wlth support levels that slep up and down acLxirdin9 to need.
Provlding a sèamless journey. Purchased in blo¢k by N0tNTuhaM5hi￿ County coun￿1.
Speclallsed Support Ser¥lcè&
A range ol specialist accommotlation with varying support optlons for ytsung Feoplelp8rents. Normalty
¢)tsr¢d through DPS {Dynamic Purchasing Sy8tsmsl andlor fvnded through charitable grant incom?.
Outrea¢h Support
Floallng Support off8Ted as a final slep in a young personlparent'¥ jOUTfEy, 5UPPOrting thwn to settle in new
communities and establish thair hom•. Ra$ponding to ¢ri51S ond 5Pgcific negdB.

WORKSOP AND RETFORD HOUSING PROJECT LIMITED
NEW ROOTS HOUSING PROJECT
TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Und8
inni
roach
Our approach to wothiTrJ vath young pe￿Ie1parents (YPPI is informed by our und9rstandiTrJ of trauma and the
impa¢t of adverse chifdhood &xpewce$. view tehavlDW as expr85sion of need and sepk to understand
tbat has happened to a YPP.
Our support is strength ba￿d. needs IBd and person orknd. This means we work each person and explore
wth them, their exp9rlen￿s. r￿ed￿. f￿a￿, hopes and wisl*s - buikling trustsd relalionships to enable YPP to
feel safe and secuft enough to be twen and honest We work ￿ether with YPP to coproduce supp)rt plans and
manogg ris
YPP have been invdvgd in offendirwj behaviourlcounty lines ICSE IdLxnestic abuse etc. and as such are at risk
of ha￿ from ojhers. Other YPP are rncfe a harm to themselves e.g. with suicTrJe ideation, self-harning and other
risk-taklng bahavlour.
Many YPP have high levels of mb5tru5t DI prof8ssionals, with history of ab[￿e and r*glert and raiactltsn from
parents: excI￿18d and evicted from seThices. ￿ walk aktngside YPP throughout their joumey - using elastic
tolerance to wovk through challerfjes. demonstraling our care for the YPP and our commltmentto them.
Our team..
. burfd posltive. productive assertive relationshl)s with YPP
dvocats on behalf of and prloriti$8 thg n9ed5 and safety ol chlldron arKI young people
are tenactous, comFetent and knowledgeabl& They are not afrahy to have difficuk convors8tions
work no￿lUdgM&ntsllY and are aw8Te of potentlal blas
are professlonal and communlc4te clearly with all invo￿0d
ggnuinfrly care for YPP and go abovg and beyond,
Oporntlng Contsxt
Youth Homelessness is expected to contiwe trJ increase as a rèsult of reduction In put4lc spen¢thng, previous
welfare réfom?s and the growng impact of current 'cost of living crisis,. W)ere Ihere is no ststutory duty, the
Fncreasèd p￿$$￿￿ fot throughput and comFlellon of supp)rt for YP reachlng 18 years who are not rèady lo
move Ido not haNE the emotional and practical skils) vil add to the youth hom618ss burdan.
11 is Increasingly rets)gnised that many people who are et rigk of or are experienrin9 long tsm homelessness
have a high number of ACES (Adverse Chldhood Exrerlences). Evidence shows children who experlence
stressful and poor-qualty chlldhoods are more I￿elY to develop hea1th-ha￿ing and antisocial beha￿Ours. more
likety to perfom) pooriy in sGhool, more lknty to be invofved In ¢rine and ￿tirnatelY less IA(ely to be a prod￿11
member ol society.
Tr8uma is wevalent In the narrative of many young people's pathway to homelessness. Resèarch has shown
that people who are homeless are likely to have e￿[I8nc8d some fomi of trauma.
Young supported by New Roots in 2023r24 ￿¢arne homeless due to..
being °looked after or experience of 'beiny in care.
childh(XKI atKJse. crimlnal bahaviour andlor ch￿d
sexual or criminal axploitation
donwtic abuse andlor family breakd(hvn
referred with emolK>nallmental health Issues {depre￿IDn, anxiety. histories of self-hami and suicidal
ideatlon. Inabdity to regulate emotions)
aggressive aThJ virAent beha￿l0￿r to staff in. residential andlor other supported acC￿nmodats0n
being young parents with chadren under 5. Many lacking parental iole modevs
incroa5ing knifg crimo and young PgQF49 carrying weapons
POOF rnental health of young pgople h8s b68n d8scribe(l a¥ a nab'onal epidemio ￿ $99 a mwrtal health C￿18
amongst the young PE￿8 we support. levèl and completh ol the mentd health challeNJ&s èxperienced by
young petsplo are unprèeédgntsd. Suicide attempts and id&ats"on are prevdlent. struggles with gender sdf-
idèntity are rn0￿ common- with tmpacts such 8$ selftsrm and high knls of anxiety. volallity and aggresstcffi.
putting Ih6m$efves and others at rlsk. A￿0$8 to Services is ofton denied a5 their experlence does not fil currort
definitions or meet increa$ingty high thresholds.

WORKSOPAND RETFORD HOUSING PROJECT LIMITED
NEW ROOTS HOUSING PROJECT
TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Dfrmand for all servlc48 contlnually exceed$ ty far what the organi$8tion ¢an provKle. despite increasing levols of
posilive throughput Number5 of referrals through targeted support remaln ¢onsistsnl. The rfgldity of the contract
Model has reduc•d our abilty. tc utili88 accommodation r8sour¢A$ as •ffectively as we h8vo prfjvp)usly don•.
The Inablllty io match the need5 of youw people to vacant spaces. has often led to a dlspartty befvveen demand
and aveilabdity.
Attwnpting to address this, the new accommodatron roc•ntty developed by New Roots, provides the opportunity
to better match and réspond to Incroaslng need. On￿lIng ts project lo offer addltional servicea such a¥.. teenage
parent asse$$ments and spot purchase options for yourKJ pe¢plo requlring speciali5ed 8UPPOrt packages
demand for these types of servlce8 remaln hlgh.
In addition. there are ongoing disparities btheen th8 e￿ac￿lIOnS of of5tsd and our contra¢tual obligation8 With
NCC.
Who u•od and boneflt¢d trom our ••Tvl¢•8?
Our alms and fiJnding limit Ihe services we provlde to those betsveen the a9es of 16 and 25 land iheir children)
who V•ryll benefft from support•d a¢Mmmodation or support to remaln In accommodatlon in Bassellaw. Many of
our beneficiarles are eare expof*n¢•d young people. looked after children, children subject to chlkl protection
plans. teenage parents, young offendeTS and those Wt dsk of becomlng 'looked aftert by Nottlwhamshire County
Council or any other'purchaslng. loeal authorlty-
In the period April 2023 to March 2024, we delivered servlces to 99 children and young people lthb include¥ the
number of serv1¢¢ LF$erB oh the 1st April 2023 plu$ the new startevs throughout the ye8rl, The nurnber of
3tsrte￿ during the period w89 33.
Allo¢*ions ¢ontinue to be made through the Famity servi￿ SuFVOrtod A¢¢omrnodation Panel ISAPI. Priorlty
continues to bo glv8n to young people to whom a statutory duty Is ¢)wed. 81% of the referrals we a￿mmodat•d
were in ¢are, looked after or subject to Social care inteNenlion. Majorty referred wlth emolonavmerbtal health
issue5 such as depression. anxiety, histories of self- hann arKI sulddal Ideatlon.
Wille challenging we ¢ontinue to work Part￿r9 to ensure whereover possible limlted resour￿$ and serv1￿¥
are tsrgeted tc those young people In greatest need. algo continue lo work flexlbly in conjunclion with
COMM￿S1onerS and NothNJhamshire County Council Farnity SeNees to accommodate emergencSes as qulckly
as possit48 using th8 trm•rgency bedspa(% provlslon. *ou mako mountalns lo make thlngs work" INCC
Cornmlsslonlng team 20241.
Achlwemonts
Core SO￿￿¢95. Young People A¢commoda£•dand Supp¢rt•d
47 units of accrjmmodalion have been used fiexibly to ￿Spond lo the needs and ri$k i￿ueS presgnted by young
people. Be￿een 1 April 2023 ind 31 March 2024.
80 young pe¢)ple were accommodated 8T￿ or provided with holistic and per80n centered packages of supporL
Of the 39 young people whp Moved on from the service 92% moved on from the $ervio in a P￿I￿ve and
planned way. achlevlng a po$ltlve outwne or one that they deslred.
Core outC￿n05 for young people supported Include:
80 C&YP accessed $upported ac¢oFnmodationlsupport
98% ofypifp malnlalned thelr ind8pend&nc8
95% of clients rèported feeling safer be¢8use of inteNention', increase in community ¢ohegion and
reduction of anth8ocial behavlour. E.9. 100% roduction in neighbour dlspule from Marcus House sinco
est8blishlng core ba8e'. decrease In sodal lsolalion and lonellness
9SYo of YP ￿Cord improvement in the safety and protectlon of YP and th•ir chlldren - 1W% of C&YP
vith a child protection concern have a plan overseen by the Speualist Safeguarding Pra¢titioner.
90% of clients achleve a qual1ft￿tiOD.
95% of YP record In¢roasgd feelings of seifryconfidencelesleem arKI gonoral irnprovement In the qualty
of thelr liv8$. 95% of YP have less debt when leamng the service as B result ol improvemenls to
managing fin&nc95 {budgetingl and maxlmlsing income.

WORKSOP AND RETFORD HOUSING PROJECT LIMITED
NEW ROOTS HOUSING PROJECT
TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT) ICONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
7he New Roots team cl88rty h88 a strong pawon in hetslng young pwlg. The I8￿111￿$ and siwport you
provid8 arn outstanthnp. (Refarral ègew 2023)"
. Sp•¢lalls¢ Constructlon Prwprnntlceshlp Sch¢me
A programme fvjnded by the T￿JOr Twst to support young peoplo to d8vdop the skills and Confiden￿ to tsk8 UP
apprentKeships. employment and voluntseAng. The propGt supported yovng people. helping them to:
d8valop personal and work-based sklll¥. i￿1￿1ng basic skills. ¢ommuThc4tion. teamwork, problem
sofving, maintaining routines and social and InterperyJonal skills
identify hopes and aspirations and dev6h)p goals for the future
. grow COnfide￿e aTrJ selfoste*m- develLy meaning and purpose
develop skills lor Indèpéndent living. e.g. bas1¢ DIY and ￿nd￿StandIng practi¢>llb'9s of malntalnlng
home
Ofyow8 people partiCipa￿Tr):
. lo￿ts rKreas8d COnfide￿e arvj C￿MUnIcation sklll$
98% iMpro￿d tholr mental ￿￿alth and ab116ty to regulato thsir empts'ons
97% achleved an enty level AQAqu?￿fiG￿10n
100% develowient 8t knt om DIY skll
The ieparatlon element of the Pr0￿ctd1￿rted young poo* frixn th8 thmlnal lustlce System.
Due to th8 success of the prolecl and benefits realised by yourrfj people, we hav8 taken the da￿s1On to Continue
with this work.
. PartnfrngAssessmentUnlt
cm1p￿d renovation work on a house to become a 'parenting a55e95menl unlt,, alr?ady In demand as a
sped81ist plaeAnent for which it has rémained fully utllised. Otsted regulallon prèparatory woth is ¢ompl8te. staff
have been w)ski11gd and systems and pr¢)¢4ss develoFed In readlness lor Ihe propety to become vacant,
enknllng us to proceed.
Educatlon and Tralnlng
Lifewise Is a programme that fk8lps youTrJ people to develop sk1116 that support tham to Ilve trthpendent and
su¢¢essfvl livos as well aB provtding them with a reo)gnis8ble entry level qualification.
Over th¢ year, 77 young poopte recelved an acereditation throu9h Ihe Lrf8wi$e programme. 129 ac*reditations
were athleved ovgr the academic period.
. Propwty Portfollo Developmen¢
Offioe al our New Ho[r￿ site ha¥ been invaluable in providng additbnal $wJrity and supwt to young
parènts and abte a 24r7 staffing Presen￿ when ne￿$sary.
Plans to lon*tem Sease the 11 properties belonglng to Together Housing was unable lo proe£ed due to
a Jast-mlnute change in declslon on thelr part. Instead, we renewed OUT ￿Using management contract
for the noxt 3 years.
Undertaken a radical overall to inprove the energy effldèn¢y and reduce enVIron￿nts1 impact of our
properties. startlng with new ènergy efficlent l)oifers ond WIFI heating cthls in all Staffed pr8mlses.
Continue to maintain properties to relain a high star¥Jard of accommodation, e.g. redecoration of hall and
8talrs In ￿rend Road.
Altsrnatlve and Posltlv•Acllvllt•B
Our team work wlth YO￿ people to create a progr4mrrn of positive activlties. A parb¢ulai suc￿Ssful glement of
thls work was the ran9e of practical and sustainable conservatlon aclivitse$ fvnded by the D'orly Carte
Foundalion. Thls work aimed to help young people, yO￿g parents (aThJ their childr•nl Improve feeluigs of
wellbeing and develop tski118 for life and fv￿re wor
Many ol the activibegloutlngs had or limited ¢o$ts aSSo¢lat￿ with th8m, thls means that the CYP could
continue to use loeal parks arKI areas of natural beauty, herita9e and conseTV81ion- V•E lound this to b& the cas8
for young parents, who lold us about othets visrt¥ they had madg Iho ¢hildren. The parents l•&1 better aboLrt
themselve5 as parents and developir9 th6ir r8latlon$hips wlth their children - buikling whal we hop? will
become habiis of 'gettlNJ outdoors, playing- whlth we know has many social and thgrapeutic benèffts.

WORKSOP AND RETFORD HOUSING PROJECT LIMITED
NEW ROOTS HOUSING PROJECT
TRUSTEES REPORT (INCLUDING DIRECTORS. REPORTI (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
100% of th• CYP who participated bullt th81r confidenc6 and devalopod:
ci)mmuni¢alion and teamwork skills. For example, 'D' would not come out of his room or speak to P8opI& -
he would not 8ng8g¢ In a¢tiVI￿S- he now speaks artd is often thè16rst pèrson to got involved.
baslc Skills, using basic maths and prc*>lem-591ving ?kills e.g. wh8n designing and bullding bug homes and
blrd feedors.
abilty to be cr8atlve, have a go share their Ideas- taking risks and a¢¢epting feedback.
Our p)s6t1￿ knpact of the prol8ct has Insplred both CYP. staff and the organis8*on to do mofv. New Roots has
d•¢idad lo èmbed this work wRhin our 5fjrvice and have redgployed a worker- ad8pling their role to undertake
positive and educational activities that wlll continue to s￿1port th8 deslred outcomes of the wor
Partngrshlps
Wfr hav• strgnglhen8d our wllaboratlon wlth several organlsatlens:
NCC - worked c105efy with NCC in the design arKI imfvnlation of 8 mulli4isdplinary team to provide
additional Support lor young paople with mental health challenges Prèvent A&E pre5entation$ - mentsl
Ilh wevenfjon
SAP (Supported Accommodatlon Provi$lon) - a ¢ollaborative approach btheen NCC and local provid¢rn. to
5haTe and embed good praciicp IhrDugh vfftkly meetings %*thero ref8rrals and ca86 185ue8 are discussod
Provider Forum - A quarterly meeting pfovKling ?ccoSS to peer support 8r* an ag•nda focussed on 8harfvJ
good practice, issues and thallenges arKI &xplorir¥J policy. legislalion and strate9y that impacl on the worfr of
young peop￿ and supported housing.
In addition. New Roots woths collabor•ti¥ety across North Nottlnghamshire and a￿1velY 5UPPOrt8 andl¢r
parti¢ipates in a ran9e of interventions and forums'that respond to the ¢h8llenge$ l•c•d by young people, lor
example..
ICS fadlitaled Bass8tlaw Chiklren and Young People, Network
proactively sharirKJ fa9ouregs to enabh assessmgnL management of r18k and supporL e.g., use ol New
RoDts tralning room for chlld protection conteTrncesfreviews and for collaborative care planning
meellng&
Gov•man¢•
The board of New Roots has mel fLAly and in smaN&r wothing groups over the last year, taking a supportlve and
active str8tegic l&ad•rship role. Ongoing Work ensures g0Veman￿ arrangements and pro¢e$ses remain fil for
purp08e and that TNstees have the n8ces$ary supporv￿$Our¢eS to urKlertake their role.
Key declslons
Key decisions undertsken by Trustees have I￿￿￿ed..
Approval of the Strategic and Buslness Plan 2023- 2026
Audit. devdopmenl and approval of key organisation operating documents, that indude the vast rgr¥Je
of policies 8nd ptssilion statements, that enabled the pos￿￿ registratlon of Nèw Rools ￿ an Of8ted
Re9ulated 58Tvica.
Restructuring of 8lalfing gtructure to provide ¥Kreased recognition and to strengthen management and
support structure8
Agreement of su¢cession plans for the adminlstr8tion team and d8volopmont of a new HR focbjssed
8dmlnk8lrats.on role
Inv05t in time an(5 re90urce$ to 5UPPQrt thE* hoalth arKI wellbeing of staff, induding thè training of 11 tsam
members as Ment81 Health FiTsl Alders
Financlally support Ihe ¢ducation and employment prole¢t previously funded by the Tudor Trust due lo
the benefit5 achiev6d by the work.
Rlsk M•nagem•nt
Trustees and the management leadership team regularly explore the risks fa¢•d by the chartty. uslng an open
8pproach and 8 rang• of mechanisrns that enable Issues to ba identlfi•d and highlightsd. Tru51$95 accept that
risk ar¢ an everyday part of charltsble activity in the voluntsry sector and severBI of our services, by thelr nature.
Ple￿nt high levels of rigk, howeverwe •im to keep thes8 as low as posslbte.

WORKSOPAND RETFORD HOUSING PROJECT LIMITED
NEW ROOTS HOUSING PROJECT
TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Evoryonè at New Roots has a dgar wolg to F4ay In man•3lng risk, gulded by dear pollcy and wtte(lure8 wlthin
construfft and supportive environmenl that welcomes ¢onc•rn$
Tru5teas manage risk through regular revie•V and assossrftent, wthich takes place at meeting$ TNstee
workshops. Informatlon is presented to the Trustees tc* enable them to safeguard the Charity's fvnds and assets.
This includes consid8ration of ￿￿tstional, environmental. finandal, logislative. te¢hnologiGal, goveman¢e.
ext8Tnal and operallonal Impa¢t.
y managlng risk effectlvely Trusts•8 •n$ur8 that
Signifiwtt rtsks are identified and monitored enabfing Tru8tees to make Infomed and timety decisions.
Stral•glc planning Is Improved.
Charitable aims and obje¢tives are achieved suc¢e$8fully.
Opportunlties 8ffj not mi55gd
The TNste8$ have o Tisk manawnent strategy which ccrfnprlses:
Underplnnlng value of cpenness and a¢¢ountsbility
Regular review of principle risks. uncertainllo$ aTrJ potsntlal chang8.
PoliGy for man•Jing rlsks.
ProC￿ureS for respprKling shoutd risk materiallse.
Gonting¢ncy P￿n$
Ke
anl¥ationo1 risks idgntified
ed overthe
odof
3- March 2024
Move away from a fiexlble and needs led approath to a mor& ridged framework that rAaces greatèr
restrith.ons around age limitations. stricter criterla forth8 varying unlt fe*ls of support and len9th of stays
Incraassd nurntw of sites, Impact on staffirg19vels. operatin9 bplow optimum compliment
Re¢ru}tr￿nt (number required to meet 8 ful sleffing compllmont) of gddftion81 staff In an envkonment whe
supwt staff have become a sorctty.
Maintaining seThicè dèltvwy quality Standards with a latgety new arKI inexpgrlontyj team.
Incffjased high 18v8fs and complexlty of need of young p8ople, espe¢lally regarding the additional mentsl
health distress young p8ople are eThJurlng and reductions In 8cce55 to speciali98d healthlsupport services.
Reduwg number of truslees and length of 8eThlcA of cuffgrrt m8mb8rs - requiring a néèd lor sU￿$s1On
planning to malntsln the èxcellent leval of governan￿.
Refèrral data not refleclive of the presenting risks of the young p￿P19. Sorne professionals appear to make
need fft, to what they know of saNce availabl
R&strlctfj￿ in use and availabilty of units. due to rAJntractual definitions
Lack of suilabl8 'move on, and spèciah'sod a¢cK)mrnodation- compwnded by reduced services to manage
transition from young ￿r$effi to aduli and reluct￿ frryn Adutt Social Care
Increased regulatory ovetsighl. disparty in expectslon$ and greater demand for emdènce.
Futurn Plans
New Root5 is committed to expanding our wnpact and rea¢h, working wilh young people to ensuro Ihey have ihe
OPFK¥tunity to addres$ the challong8S they fac* th6 n¢ods and aspirations Ihey have to achieve their
potential.
Our board of Tntstees are exF¢ri6n¢ed and highly skllled and have provided effacfive gov&mance throughout
this perK￿. board mernl)ers have 8eNed on the board for a 8ignSficant perfod and as a result, we are
seeking to implemonL a suecession plannlrwj prooss, rthmencing ¥Ath the appointment of new memb•rs wth
levant background8 and capabllitiès - with the potenti81 of taktrKJ on key offi￿r roles whan thi$ becomes
necessary to ensure stroNJ gov•mance is maintalned and the board remains stabb.
The development of New Roots as a strong and stable organlsatlon will remain a key strategic priority. IAÈ will
review and revtse our strateglctsuslneÈs and fvnding plans1202&20261 to ensure tw contknue to be relevant
and fit for purpose and devek>p and implemenl a worfrforco development plan to address Current d)allenges
t*• a long-témi vi•w to 'future proof malntaln our IIP Pl*inum slatus as on eX￿lIent ernployer.

WORKSOP AND RETFORD HOUSING PROJECT LIMITED
NEW ROOTS HOUSING PROJECT
TRUSTEES REPORT {INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Ad(thtional key include..
Work with young people lo identify needs and issues faced. to develop strategies and project initiatives
where ne￿SSary and advocate on their b8half this is required. key issue5 have identified
I￿lUde..
Transitions frorn care settings to supported housing
Mental health and wellbeing, suicide ideation arKI self-ham resulting from the impact of
childhood trauma
Transition from child to aduit services
Cr&qttng a broad•r Income spectrth7b: explDring contracis Opportsjnit￿S within different areas of work that
meet our tharitable 8ims and utilise ex￿1￿￿￿ organisalional strengths and those outside of
Nottinghamshire.
Extending the provision of speciallst services. both in terms ol increasing unit numbers and levels and
Intensity of support. introducing Specia￿51 Wtjrkers to speuficalty focus on Improving merrtal health and
welbelng and employment. education tralnlng rernaN￿ a key 8spirth"on.
DelNering a fvrther 5 units of core accommodthin within IDknrk5¢7p and Incr8aso the numbor of
properties aV￿lable for use throL5gh DPS by 2.
Roll out the Ufewis8 unil Ihat supports the achlavement of b￿C home management skills wthin the
Induction of all young people lo the serv1￿. supporting the development of pradical independ•rKe hving
A(*ieving Otsted ieglstratlon for the Par8nting Assessment Unit
Mainlain prad¢e Standards and achiève a minimum of '9otsJ' at trjr first Otsted InspKtion of the YouTvJ
Peopleg SeNlCe
Re￿eW and develop how seThl¢es user outcomes are measured and recoTded to assist Support planning
processes and better dgrnon8trale impad to young people and commi55ionerslfvnders.
Actively prlorltlslng and be creallve in the way we the Invol￿ th• partlclpation of chlldren and young
peopl& In all aspects of the organlsations work, Includlng the planning, design. delivery, management
and avaluation of se￿ICeS - ensurlng Ihey are empo*red and their voSces aré hoard and Influe￿.
Maintain the quality of the accommadatlon wilhin our property portfolio and ensure 011 properties meet
quality stgndards and haanh and safety Issues are idenlfied and roctified in a tlmoly rnanner
regardless of18ndloTd.
Contlnue lo explore how New Roots can become more environmentally su$lalnablo.
Flnanclal rovigw
Income has increased from £1.890,131 to £2,684.739. Expenditure ha$ also increased durfng the year from
£1,604,052 to £2.081.672.
The balar￿ sheet remains strong with net assets amounting to £1.742.S85(2023.. £1,139,498) ind￿11ng
unrestricted funds of £1,658.865 {2023'. £1,077.B31).
Growing surplus levels temained a key strategic owive for 2023124. to ensure we have suffic*nt
resO￿tAS to weather changes in th& economic arKI political opetating environmont and to Contin￿ to
deliver key bu5ine55 objectives of maintainlng the quallty of the accommodafjon and expanding our
property portfolio to moet increasirKJ demand and changes to service user needs and those of
commi5sionefS.
However. our sU￿lUS figurès exceeded planned tsrgets. largely in part to the cuntinued extamal chaI￿n96S in
recruiting the number and right level and r4libre of staff. despite significant ￿YeStrnenf and employing a ran￿ of
Sttategies to r8GiuII staff locally and from abro*l.
Identifying $￿tats1e proparties has a150 tsken longer than expected. regardless wa have re¢ently located several
options and are currently in the process of purchasing a signrficant srLed development that wll inc¥eased the
number of 8¥ailable unlts and offer addttional delivery and office spac8.
Continu8d invostment in servlce improvomwts will remain a key driver. Strategic and operational plans rem8in
under Constsnt reviw to erv&uTe continued responslble u8e of chantable fuNJs and our ¢ontinued SU￿85 In
meeting the needs of childron and young people we SUPPDkt

WORKSOPAND RETFORD HOUSING PROJECT UMITED
NEW ROOTS HOUSING PROJECT
TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Re8er¥e• Poll¢y
Re9erve$ ar• dofv*J as unTrstriGtod fun¢Js that are freety avallable to spend on any ofth& charltable pu￿050$.
R•seN05 Should be held to service an Unexpec￿ naod l¢r fvnds, ￿¥•rIng unforeseen day-to4ay
operational costs, a shortfall in income orto fulfil its obfyations.
As a comparby limited by guarante8, ieserves ole set accordirvj to budgat4d Incorm. It is Intendgd to
mlligate against uncertainty re18ting to C48h fiow. to ensure that there are suffi¢ignt rtter¥es io rJ)ver any
financial shortfalls. to rea¢t to unexpe¢ted sltuatlons, to protsct the chartys activities rf expected income is
not received and to retain continuty in relBts'on to expected grant awards. The res6Nes polky 4$ only a¢tod
on whén ¢a$h flow permits. to meet our otyectlves.
Free reser48$ are £881.648 at the yoar WKI (2023.. £354,585). Tru8tees will be looking at way8 to in(*8a8?
this in th& future.
Managemont Inforniallon
Reserve levalg ar8 réportèd as part.of the monthty management accounts and presented to Truste8S at
each ¢ornmittee mgollng. Th• CEO arKI Finance Mangger aft de51gnated to rth any i55uos in relation to
the level of reserve5 dIre￿Y with the Trustees. The pollcy will be revielved w￿u317Y when budgets and
8Ctivty for Ihe ye8r IB ptanned.
st￿￿t￿r•, gov•m•nc• and man4g•m•nt
The Managamèrrt Ctynmittee PTovid•$ gO￿rnance of the oryani5ation wrlh ￿gUlar meetirvJs takirva place
interspersed w*h planned sU￿COMMIttee meetlngs when notsssary. The Mmmltteè are responslbl8 for
organisational strategy, pollcy revlew. buslness plannlng and supports ts budget ￿ting. T￿Y are
wKreasiNJty Inv0fv￿ In attendW￿ Signfficant meetings and planning the fvturè d•vgbpmgnl of lh•
organl$8110n.
Trustees rec8ive porfoman¢e, ffinwKial, and operational infrjmiation aknng with any other r*vant r8POrts
to ensu￿ the organi$ation is achiemng its tsrgets and meeting its charitable awns and objectives and
wok¢ts the safeguarding of org￿¥58t10nal assets. In ￿lation to the Chi•f Exe¢utivt Officer. the Commlttee
act as a critical friend.
All ￿MberS ofthe Management Commlttée glvè their tlm8 b￿l￿n￿nIY and recoive no benefils frc
charlty, ¢latrnlng mlnlmal expen￿.
Management Committee IDirèctorB and Trusts&È), wlYJ arg also the directcrs for the purpose of company
I￿, and who served during the year and up to the date of signature of the financial statem•nts were..
L Davenport
J Grifflths
R Hob$on
L Old¢om
S (Chair)
J Barton ITr•asurerl
P DIc*i￿on Ivicg Chair)
{Resigned 7 June 2023)
{Reslgned 28 March 20241
Reclultmgnt and appolntm•nl of tfUSte¢s
The Chwity carries out a sklls awlit of Gurrent trustee5 which identifies knowledge gaps within the bcth and
then activety takes stéps to récnit trustses acrx)rdingty.

WORKSOP AND REfFORD HOUSING PROJECT LIMITED
NEW ROOTS HOUSING PROJECT
TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Trustee Induc11￿ and tralning
New members of the Board ofTrustees wll become familiar wilh the practi(zl work ofthe charity after reading
theAnnu#l Report and vthl have received a ojpy oflhe p1emtyar￿lUrn arnl Arti&s ofAssocAation and th8 latost
finanrial reports.
Addilionalty, trEy are invited to atteTrJ induction trainirwJ whith covers the following areas..
. The Poly and PrarAce Guido
Trainir¥J and Support
Rolas and Responsibililigs
l(n(wledge. Communicatlon
Best Pra¢b"ce Guidos
Arrang•m•nts for settlng key management pewsonnel ￿M￿neratIOn
The salary 9rade appropriate for each posl will be sel at the time of recruitinent based on Ihe agreed job
descripts'on and pwson specification. Gr*lÈs wlll ￿ reviewed by agreement or whgrp there has been a
significant variats'on in the post's duties and reswnstbill￿s. Salary review5 will b8 based on comparlson with
rol8s of similar responsibilities wilhln the voluntary and so¢ial care sgctor network
RunnhJ ofthe organi5ation, ir￿lUding defNery of servi￿, fukince and human resources rernaln ddÉgated to the
senlorrnanagement team.
As we continue to emerge from the COVID pandemlc and head Into both ￿lI￿Car economlc uncertainty tho
Trustees would like to thank both the Senp)r Stsff and the team8 fortheir ￿aderShip, Support and commitment for
continued gjccess.
Audltor
In accordance wth the company's arbcl8s, a rgsolulion propDsing that Roger5 Spencer be reaF)polnted as auditor
of the company will b& pul * a General Meeting.
The Tru
es re s(was approved by the Board of Management Committee (Dire¢tors And Trustees).
S West (Chairl
Chair
2025

WORKSOP AND RETFORD HOUSING PROJECT LIMITED
NEW ROOTS HOUSING PROJECT
STATEMENT OF TRUSTEES RESPONSIBILITIES
FOR THE YEAR ENDED 31 MARCH 2024
The Managemant Committee {DirectDrs and Tru3te88). who are also the directors of Worksop and Retrord Housirbj
Project Limited for the p￿￿oSe of company law, are reswjnsibfe for preparing th8 Trustees Ryrt and the financial
5tatern8nts in accordan￿ wtth applicable law and Unlted Kingdom Accounling Standards {Unitsd Kingdom
Generally Amtwj Accounting Practice).
Company law Tequires the Management Committee {DirectLYS and Twstee9) to prepare financial statemgnts for
each )Inanaal ye8r whlch glve a Irl￿ and fail view of the state of affalrs of Ihe charlty and of the incomlng resources
and appltcauon of resources, including the income and experKliture, of the chatitoble company lor that year.
In preparing thès• finanual statements, the Manapm￿tt Commltte& (Directors and Trustees) a￿ wuired to:
- $618¢t suitable aecountirwJ polirAes and then apply Ihem cc￿$1stenty,'
- observe the methods and principles in the Charitie5 SORP:
- make judgem8nls and ostimates that are rea60nable and prudent,.
state whether applicable UK A¢countsng StaThJards have been foNowed. subject to any materlal departures
(tisdosed and explained in the financial statsments.. and
- prepare the financlal Statements on the going concem baslg unless it Is in8ppfDpriots to presLwne that the ¢haAty
11 continue in operation.
The Managemonl Commltt88 (Dirèctots and Trustees) are responsible for keeping odequate accountlng records
that disclose with reasonable 8ccuracy 8t any lime the Iln•nGial position of the charity and enable them to ensure
that the finanryal statements compty wllh the Cc*npani•s Act 2006. They are also responsible for safegvardirrfJ the
assets of the charity and hence for taking TeasoThable steps for the preventlon and detection of ftaud and other
IITegularlile$.
10-

WORKSOP AND RETFORD HOUSING PROJECT LIMITED
NEW ROOTS HOUSING PROJECT
INDEPENDENT AUDITOR'S REPORT
TO THE MANAGEMENT COMMITfEE (DIRECTORS AND TRUSTEES) OF WORKSOP
AND RETFORD HOUSING PROJECT UMITED
Oplnlon
have audited the finan¢ial statements of Wotksop and Retford Housing Project Umllod (the 'charity'l for the year
ended 31 March 2024 which comprise the statement of financial activities, the balan￿ sheet. the statement of cash
flows and notes to the financaal statements, lnrJ￿1lng $•3nifi¢aTrt ac£oursting palicias. financial reporti
framewoth that has been applied In thelr preparation is applicable law and un￿ed lfjngdi)rn Accounting Standards.
induding Financial Reporting Standard 102 The Finanual Repomng Standaftj 8ppli¢gble in the UK and Republic of
Ireland (United Kingdom Generalty Accepted Accounting Pradi¢e>.
In our opinion. the financial statements:
give a tiue and fair vlow of the State of the charitable companys affairs as at 31 March 2024 and of it8
incoming resources 8nd application of resources. for the year then ended..
hav8 been properly prepared in accordanL* with United Kingdom General￿ A￿pIed Accounting Pracknct.,
have been preparèd in accordance with the requirements oftho Compallles Act 20C£.
Bas1$ tor oplnlon
We conducted our audit in accordanc8 *ryth Intsmational Stsndards on Audillng (UKI IISAS IUK}I qnd 8Fvluble
law. Our responsibili￿e$ und•r Iht)ge standards ats further described in the Auditors r8sponsibilitie$ for the audit ol
the fingnGial stotsments section of our report. We aro indopendenl of tho Charity in accordanc* with the elhic41
requirements that are relevant ts our audlt ol tho ffin￿da1 statements In Ihe UK. including the FRC'S Ethlc81
Standard, and we have fulfilled uur other ethical responsibl￿tieS in accordance with *he¥e requirements. ￿ bel
that thé audlt evrden¢g we have obtained is sufficient and approV￿e to provkle A basi5 for our opinion.
¢on¢lu$ion8 relating to golng concern
In 8ud4tlng the finan¢lal statements, we have conduded that the Trustees u$6 of the golng conLtm ba¥1$ of
ar£ounting In thg preparation of the fin8n¢l81 statements Is appropriate.
Based on the work we have pgrfomied, we have not Ide￿fied any m*rial uncertainties relallng to events or
¢ondition¥ that. individually OT collectively. may cast signlfi¢ant doubt on the ¢harty's abillty lo contlnue as a goil
con￿rn for a period of at lea9t fv4elve month$ from when the financial statements are authori5ed for is5￿.
Our responsibliti85 and the responsibilities of the Management Commlttee {Direetors and Trustees) w￿h respect to
going concem are described In the relevant seGtions of this report.
othgr Infonnatlon
Th9 OthBr infrimation comprise5 the Infom)8tion induded in the annual report other than Ihe financial ststem¢nts
and our auditorf8 report thereon. The Monagemerrt Committee {Directors and Tru5tees1 are resporssible for the other
infowmation contair)ed within the annual TeporL Our opinwjn on the financial slatements does not coveT the olFEr
information ond we do not express any lorm of assuran￿ cOndus￿n thereon. Our re9ponsibility is to read the ottr￿T
inftmati¢Jn and. in doing 50. consider whether Ihp other infomiation is malerlally Incon315tent with the financial
statemarts or our knowWge obtained in the course of the audit, OT othemse appears to be materially misstated. If
we identify wch material incon515tencies OT apparent material misstaternpnts. we are required to determine Nthettw
thi$ gives rise to a material misststemenl in the ffinar￿1 staiements themselves. If. based on the worf( we have
perfomied. we condude Ihat th818 is a material misstatement of this olher infr)rmation. we are r8quired to report that
facL
have nothlng to report in Ihis regard.

WORKSOP AND RETFORD HOUSING PROJECT LIMITED
NEW ROOTS HOUSING PROJECT
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MANAGEMENT COMMrrTEE (DIRECTORS AND TRUSTEES) OF WORKSOP
AND RETFORD HOUSING PROJECT LIMITED
Matters on whlch are required to r•port by oxc•ptlon
We havg nothing to roport in respect of the following matters in r41al￿)Tr lo which the Chartt105 (Accounts and
Repcrtsl Ragulations 2008 requlres us to Rport to you if, in our opini￿.
the info￿ation grven in the fflnarKial Statements is inconslstent In any matelal re$￿ct wly) Ihe Trustees
repor( or
sufficient accounliry records hove not been kept or
the ffinancial statemants aro not in agreement wlth thè acGountiro records.. or
we have not re￿ived all the Infomiation arKI explanations we require for our audit
R••pon•lbllhl•$ of Manayment Commlttèè (Dlrectors and Tru$t¢¢g)
As •xplaln¢d more lulty in the statement of Trustees re8ponsibifitw tho Managgmgnl Committee (Dlr8Ctors and
Trustses). who we also the dJ'r¢ctor5 of the charlty for Ihe purpose of ¢ompany law, a￿ responsible for the
pteparatlon ol the finan¢lal statemonts and for beirwJ satisfied thgt they give a true aThl lair and for s￿h
internal corrtrol as the Management Committoe (Directors and Trustees) detem)Ine is ￿cesSary to wable the
preparation of financlal 8tatem6nts th* are free from matsrfal mlsstat•ment, Whether dua to fraud or error. In
p￿Paring the financial stater￿nts, the Management Ccthmittae (Directors and Trusteesl are responslble for
asge9s1ng ¢harity's ability to contlnue as a golng contthi, disdosing, as apF4lcable, matters related to going
r￿nCern and u$ing t￿ going ¢oncem basis of accounting unless the Management Coffffiittee {Dlr•ctors and
T￿￿tee5) either intend lo Ilquldats Ihe charttable Czrfnp￿Y or to Céase op&ration$, or have no realistic eltematfvo
but to do so.
AudltoVs rospon$lblllll•8 for th• audlt of Ihe Ilnanclal 6tatèm•n
We have been appointed as auditor under sedlon 145 of the Chaiitigs Act 2011 and reFtirt In accothnee wlth the
AGt and relevant re9ulations made or havuig eff6¢t thereunder.
Our objectives are lo oblain Rason¥bl8 assurance atr￿Lrt whether Ihe ffinandal $tatemerts a5 a W￿le are free from
material misstatement. whether due to fr¥ud or error. and to issue en aLKlitorfs report that indthjes our OFlnlon.
Reasonable aSsUrar￿e 15 0 high le¥+*l of assuraneè bul is not ? guarantee U)at an audlt conducted in accordance
with ISAS (UK) wlll always delect a m*8rfal misstatement when 11 exlsts. Mlsstalements can arise from fraud or
error and are considered material if, indiwdually or in the aggragato, tsy could reasonably be eKpèct•d to iniluenre
thg economic dedsions of Usérs taken on basls ofthese finan¢tal statsmwts.
Irregularities, including fraud, are instancè$ of nOn￿orn[￿lanCe wlth laws and regulatlons. ￿ deslgn procedures in
line with our responslbllliles, outllned above, lo deted material misstatements in respect of Irregulari￿￿. indudhvJ
frawj.
The extent to whlch our proeodures are capable of detecting irregularilie5. including fraud. is detsiled below.
Our approach to identifying and assessing th8 rlsk of mal6rial misstalemgnt in respe¢t ol ¥regularities. including
fraud and n¢)Tr¢ompli9nc8 with law$ and regulations, was as follows..
The engagement partner ensured that the engagement team couec￿Vety had the approprlate Djmpetence.
capabilities and skills to idenlfy Of rfjcognise non4omplian¢e wilh applKabte laws and regulations",
identitled thè las￿8 regulations appli¢•ble to the charity Ihrough discussions wlth twstee5 and other
management, and Irom our knowlédgo aNI experienrAry of the chartty sector ar￿ housing provldws.,
We focused on speafi¢ laws and regulations bthich we conside￿d moy have o dire¢t material effect on the
financlal statèmènls or the operations of the d￿rity, IrKluding the Cornpani9s Act 20tX, taxation leglslalion
and dats protection, anti-bribery. empbyment, onvironm&ntal and health and safety legislation,.
We assessed the extent of conwiance wlth the laws and regdations KIentif￿1 above through maklng
enqulrfes of manag$Mènl aryj inSFecting legal corrgspondence: and
Identr"fied laws and Tegulatlons were ¢ommunicated wiihin ts audlt le8m regularly and the team remained
alert to instances of nonwccffipliance throughout thè audlL
12-

WORKSOP AND RETFORD HOUSING PROJECT LIMITED
NEW ROOTS HOUSING PROJECT
INDEPENDENT AUDrroR'S REPORT (CONTINUED)
TO THE MANAGEMENT COMMITTEE (DIRECTORS AND TRUSTEES) OF WORKSOP
AND RETFORD HOUSING PROJECT UMrrED
a5SP35ed the SLF5replibilty of the chariV8 finandal Slatements to material ml8St8t8man¢ Indurjng obtaining an
understanding ofhow fraud might occur. by:
Makin9 enquiries ol managemerrt as to where they consKl8red there wa¥ 8U¥CePtibilty to fraud, thoir
knowledge ol actual, 8u5pedfjd and alleged fraud..
Ccmidoring the internal ¢Dntrol8 In place to mltlgat• risks of fraud and nonwcomplianL* with lawg
9￿atIOnS,. and
Underntandlng the dfjsign of th8 charitys remunerats'on policies.
To address the risk offraud through management b1&8 and override of o)ntrols. we..
Porfomod analyucal procedures to k1en￿fy any unusual or Ur￿pected rolalion5hip5:
Testtsj journal anlrles to Idenlbfy unusual transacknons..
Assessed whèlh6r ludgemenis ￿ assumptlons made In dthnnining the accounting 8¥timates set OLrt in
note 1 ware indicatlve of potenllal bl8$,' and
Invèstigatsd th¢ rationalg behind 5iwthcant or unusual Ir•sadions.
In ￿ponSe to the risk ol Irregularltle8 and non4ompllants wilh laws arKI regulatlons. wo de54ned pioc•duTes
which induded. but were not limlled to:
Awing financlal Ststemenl dis¢lo$ur&s to und•rtying suFportlng documentafjon.,
Reading the minute¥ of meetings of those thafged wllh g0veMan￿..
Enquirlng of managgmenl as to actual and rotsntial litlgation and daims; and
Revi8w'ng corr88pond8nc8 wtth rel8vant rogulators.
Because of the intterenl lim[ta￿on$ of an aLKIIt, th&r• 1$ a risk thatwe wll not détact all Irrggul8ritSes. Inc4udlng those
ading to a materlal mlsslalement in the finan¢ial statements or DOn￿ompli￿nce wrf(h regulation. Th1$ rl¥k incroases
the more thal ¢ompllance with q law or regulatKJn is removed from tho Events and transacdons rsflected In the
finand815t&tements. es we will ba 1888 likely to become aware of nstances of non-compliance. The risk is &lso
greater regarding Irregularttles oecurriro ¢Jue to fraud rather than error, a8 fraud involves intsnttonal cOn￿alment.
fNgery, collusion, omlssion Or mi5Tepresentat'on.
A fvrther descrlptt¢)n ol our responsibrfffties 15 &vailoble on the Finandal Rèporting Councll's w8t6lie at https'.11
vThM.frc.org.ukl?uditorsre8ponsibilities. This descriplon foms part of our audilovs report.
-13-

WORKSOP AND RETFORD HOUSING PROJECT LIMITED
NEW ROOTS HOUSING PROJECT
INDEPENDENT AUDITOR'S REPORT (CONTINUED
TO THE MANAGEMENT COMMITTEE (DIRECTORS AND TRUSTEES) OF WORKSOP
AND RETFORD HOUSING PROJECT LIMITED
Uso of ourreport
This rtyort is made solely to the charity's trustees, es a body. in accordanc£ wlth Part 4 01 the Charitres {Accounts
and Rèports) R6gulalions 2008. Our audit work has been undertaken so that we might stale to Ihè tharity's trust88s
those mattèrs we are require(t to slal8 to Ihgm in an audits￿,8 report 8nd fvr no othar purposo. To the fvllest extent
pernitted by law, we do not aG￿pt or assurm rèsponslbllity to anyone other than the charity and Ihe tharrty's
twstses as a body, for our work, for thi8 raport, or for the opinions w4 havo fomBd.
Mgl¥ln Ball•y FCCA DChA Isonlor Ststutory Audltor)
for and on behalf of Roger5 Spgncer
Chartgrgd Accountant8
Newstead Housè
Pelham Road
Nottlngham
NGS 1AP
Date
R4)98rs S￿ncer Is oligible for appointment as auditor of the charity by virtue of eliglbllty for appointrnent a8
auditty of a company under Sectlon 1212 of th8 Companles Ad 2006.
14-

WORKSOP AND RETFORD HOUSING PROJECT LIMITED
NEW ROOTS HOUSING PROJECT
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOMEAND EXPENDrruRE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2024
Currnnt Ilnanclll yaar
Unrn8trl¢l•d Rostri¢tèd
funds
funds
2024
2024
Tolal
Totsl
2024
2023
Income from:
Charitaè4e adi*Aties
other trading 8ctivrtie$
2.594.489
16.963
73,287
2,067,776
16.%3
1.864.515
25,616
Total Income
2,611.452
73,287 2,684,739
1.890,131
Ex
dlturg on".
RaisiTrJ fiJnd8
30.589
5,500
36,089
32.848
Charrtablo activities
1.999.829
45,754 2,045,583
1,571.204
Total re8ouree8 expènd•d
2.030.418
51,254 2,081,672
1,604.052
Net Income for the yearl
Net movement In funds
581.034
22.033
603,067
286.079
Fund balances at 1 ApNI 2023
1,077,831
61,667
1,139,498
853,419
Fund balane•8 at 31 March 2024
1,658,865
83,700
1.742.585 1,139,498
Tho statsment of finanaal activi11gs Inoludes all gains and lo$Èes reujgnised in the year.
The slatsment of finandal actlvltle5 Includ8s all gains and losses recogn15ed In the year. All Income and expendllure
derive from continuing activities.
The siatement of fInan￿81 activities also Compl￿ with the requirements for an incomè and 8ynditure account
under the Companles Act 2(196.
15-

WORKSOP AND RETFORD HOUSING PROJECT LIMITED
NEW ROOTS HOUSING PROJECT
STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED)
INCLUDING INCOMEAND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2024
Prlor nnanclal yoar
Unrgstrfcted Restrlcted
fund$
lund¥
2023
X123
Total
2023
Choritabl& activiti99
other tradlTrJ actlvltT88
1.821,515
25,616
43.000
1,864.515
25.616
Totsl Incom•
1,847,131
43,OOD
1,890.131
Raising funds
32,848
32.848
haTitablg acbwttes
1.538.583
32,621
1,571,204
Ttstsl re¥ources expondod
1.571,431
32,621
1.604,052
Gross transfers botsyeen frjnds
1.292
11,292)
Net Income for the y¢•rf
Net moV￿￿eTht In lund8
276,992
9,087
286.079
Fund balan￿$ at 144prd 2D22
800,839
52,580
853,419
Fund ￿lanCeS at 31 M*r¢h 2023
1.077,831
61,667
1,139.498
The stat￿ent of finandal actiwties incluths all gain8 and105ses reeognisod in the year.
The ststement offinanaal activities Inclu[*5 an gains and105ses recogni3ed in ihe year. All Income and expenditUTe
derive from conlinulng activ￿eS.
The statement of Ilnanc￿l activtties a150 eomplks wmh the requlrements for an Income and expenditure account
under the ¢(￿PanIeS Art 2006.

WORKSOP AND RETFORD HOUSING PROJECT LIMrrED
NEW ROOTS HOUSING PROJECT
BALANCE SHEET
AS AT31 hlARCH 2024
2024
2(Y23
Noto8
Fix•d a#i•ts
Tangibk assets
Current ￿ets
10
1,026.479
983,501
11
378.933
694,102
460,217
164,988
Cash al bank and in hand
1.073.035
625.205
Credltor¥: amounts talllng due withln
onè y•ar
13
(177,383)
<281.863)
Not ¢wrent assets
895.652
343.342
Total assets less current Ilabllllh8
1.922.131
1.326.843
Credltrtrrs: amounts falllng du• aft•T
more tPAn ono ywr
14
(179.566)
{187,345)
Net A*s6ts
1,742.565
1,139,498
In¢om• funds
Restricted funds
Unrestrooted funds
17
83,71XI
1,658,865
61,667
1,077,831
1,742,565
1,139,498
The company is énUll*d to thè exemption frc*x the audit rquirément ¢ontained in section 477 of th8 cO￿an18$ Act
2006. forlhe year frndgd 31 March 2024, although an a￿￿1t has been carried out under Bectlon 144 of the Chariti9S
Act2011.
The directors acknowledge their regponsibifitio$ for complying the requlrements of th& Companies A¢1 2C4)6
with réspact to accounllng records and the pr￿aration of Ilnanelal statements.
These fi
tothès
ncial 8tatsments hav6 been prepared in accordancA vAth the provlslons appliGablp to ¢ompanies subject
11 ￿MpanI&S regime.
The
ncial statements were approved by the Manag8m8nt Committee (Direthrs And Tru5te891
30 20ZS
Wast (Chairl
Trustse
Complny R•glstratlon No. 02814960
17-

WORKSOP AND RETFORD HOUSING PROJECT LIMITED
NEW. ROOTS HOUSING PROJECT
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2024
2024
2023
Ca8h IloM from op•rating actlvltlos
Cash generated from op8raliDn5
21
656.372
55,244
In¥e8tlng actlvlt1•6
Purd1￿ oftsngible fixed assets
Interest r8¢•ived
1107,0261
4.299
{174,039)
S30
Net cash used In In¥e8tlng •¢llvitlg8
{102,727}
(173.$091
Flnan¢lng aGltvltla8
RepayTnent of b8nk loang
Interest and finandng ¢08ts
17,7791
{16,7521
(9.242)
111,738)
Net Cash umd In fln4n¢lng actlvltl•s
(24.5311
(20.9801
N¢t In¢r•atselldgttrga¥ol In cash and
•qufval•nts
529,114
(139.245)
Cash and cash equivalents et beginning of year
164,988
304,233
Cash and rAsh oqulvalonts al end of ye4r
694,102
164,988
R•latlng to:
Cash 8t bank and in hand
694.102
184.988
18-

WORKSOP AND RETFORD HOUSING PROJECT LIMITED
NEW ROOTS HOUSING PROJECT
STATEPAENT OF CASH FLOWS (CONTINUED
FOR THE YEAR ENDED 31 MARCH 2024
Crlti¢al accounUng a811mllteg and Judo•monts
In the application of the charrtyb accountin9 p)licle$, thè Manag•ment Commtttee (DI￿CtorS and Twstsesl
are requirfyd to m8ko judgements. estimates and asswnptions about the ¢•rrying amount of assets and
Ilablltties that are not readily apparent from 0th8r sources. The esllmal•¥ and assoclated aS$￿ptIorB are
bBsed on historicel experienca and other faotcrfs that are conslderod to be rekvant. Actual results may drffer
from thes8 8stlmales.
Thg estimate5 and underfylng assumptions are revlewed ￿ an ongoing basis. R8V15ions to accounting
estimat&8 are recognlsed in the period in which the 6sts.mate is rewsed where the revislon affects onty Ihat
period. 01 in the periL)d of th8 rnvL8lon and ftrture periods Whe￿ the revi¥ion affects both Gurrent and luturè
p8riod&
Ae¢ountlng pollcl••
Charlty InfomiAtlon
Work30p and Retford Houslng Project Lpmbtsd is a private company limited by guarantee Inco￿or•Ied in
Engl8nd and Wales. Th$ r8gisl&red office 1$ 2 Ovor8ThJ Road, Worksop, Nothngham$hire, S80 1QF.
2.1 Accountlng ¢onvèntlon
The thnancipl statements have been prepaffjd In accordance wlth the charitys govemln9 ￿0￿Ment, the
Companle$ Act 2006, FRS 102 'Th8 Flnancial Roportkng Standard applicable in the UK and Repubb'e of
IrelarKI' I'FRS 102.1 and the Charities SORP "A¢¢ounUng ar￿ Reporting by Charities: Ststement of
Recommended Pr8cUc• applicable to charftles prepatlng Ih¢ir aecounts In a¢cordance with the Finandal
Reportlng Standard applicable in the UK aTrJ Republic of Ireiand (FRS 1021" (0￿Ctive 1 January 20191. The
charlty 1$ a Public Benefit Entty As defined by FRS 102.
The finan¢lal stst•rnents are prepared in 5terting, which is the fun¢tional ¢UTrency of the charity. Monètary
Owtts in these financial 8tatem•nts ar• rounded to Ihe nearest £.
Thè ffnandal 5tstements have been prepared under Ihe historlcal cost convention, modlffed lo include the
Tevaluation of freehold proportie5 and to Include Investrnent properties 8nd ¢ertaln financial instruments at fair
value. The pdndpal accnunting polic￿$ ￿lOp￿ arp set out telow.
22 Golng canGer
At the ￿me of approving the financial ststements, the Management Committee (Directors and Trustees) have
a reasonable expeclalion that the charity has adequate resources to conllnue In operatlon81 exLstence for the
foreseeab16 fvlure. Thus the Management Committee {Director$ and Trustees) continuo to adopt the going
oncern basi5 of aGwunting in preparing the ￿anCIal stst¢ments.
13 Charltsble funds
Unrestriotsd lunds are avai18ble for use at the dtscretion of the Managèment Committee IDirector8 arxl
Trustees) In further4nce of thelr charita)le obJ"ectives.
Restricted funds are subiecl to Speofic cOndI￿n& by donors ￿ grantors ¥3 to how they may be ￿ed. The
PLifposgs and u50s of Ihe restricted fvnd5 are set out in the notés to Iho financial 5tatem8nts.
2.4 Income
Income Is ￿cognISed when the chaTtty 18 ￿allY entitled to it after any perfamianca conditlons have b88n met.
th8 amounts can b8 measured rellably. arKI It Is probable that in¢omE Mll be TeGeived.
Cash donations are rècognised on recefjpt Other donatlon$ are recognised Dnce ihe charity has beon nobfi8d
ol the donation, unless perfomian¢e Conditions require deferr81 Df the amount. Income tax recoverabfe In
relatign lo donationg rec9ived under GiftAid or deeds of co¥tnant Is rocognlsod ai the of thg donation.
19-

WORKSOP AND RETFORD HOUSING PROJECT LIMITED
NEW ROOTS HOUSING PROJECT
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Accountlng p￿tIeS
(eontlnuod
Le9acies are racognised on re￿Ipt or othe￿iSe if thp charity ha5 been notified ol ￿ impendrvJ distribution.
the ￿OUnt is known. and receipt FS eypected. If the amount is not known. the legacy 15 treated as a
CC￿ting￿nt ass8L
2.6 Expendlture
All expenditure is acefjunted lor on an accwals basis and has been ctassiled vndei headings that aggregate
all costs related to the category. lthere costs cannot be directy athibuted to particular headings they have
been allocated to activities on a basis consistent wilh tr* use of the resources.
Expendbture is rècognised on* there 15 a legal or oThtructDrn obligation to make a payment to a third party. it
15 probatAe that setmement will be requI￿d arKI the ￿OUnt of thè otrAlgalion can be me8sur8d foliabty.
Ey4Jenditure is classified urKler the following actimty headings:
Costs of raising fvnds ¢omprlse the promotional costs to the chailty.
Expenditurg on charitable activitles Induths all costs undertaken to furth¢r the purposes of the ¢harity
and thelr assocl8ted support Costs, incluthng costs ofgovernanc8.
2.6 Tanglblo Ilxed ass•ts
Tanglble fixed assets are Inldalty measured at C￿1 arKI subsequently measured at cost ￿ valuation. net of
déprè¢l*ion and any imwMent10$50S.
Depreelation Is providod on tangible assets on a straight line basis on cost al ratss cakulated to write off th8
o)3ts ofeach asset over its expectsd usefvl lile as lolknws:
Freehold land and IM"Id
Plant and equwnenl
Fixtures and fitting5
CompLrters
Motor ￿1￿cleS
SO ye¥8
4yea
4 years
4 ygar5
4 years
The gain or loss arising on the disposal of an asset is dele￿Ined as the d11kren￿ between the sale proceeds
and the caryirwJ value ofthe 0sseL and is recDgrd5ed in the statsment of financial acbvib85.
2.7 Impalrnient of ftxed assets
At each rep￿ting end date. the charity reviews the carrying amounts of its tangble assets to detemiine
whether there is any indication that Ihose assets have suffered an impaiment k)s5. If any such indication
exists, the recvverBble amount of the asset 1$ •stimated in order to detefmine the extent of the Irr4>al￿nt
103s (if any).
2.8 Employm b•n•fits
The co$t of any unused holKl8y entitlernent Fs recogni5ed in the period in whith the emdoyee's 8eth%s are
received.
Termination beneffts are reccwJnised Immediatety a$ an oxpense when the charity Is dèmon¥trably committed
to temlnate the wnF4oyment of an employe6 or to provide termination benefits.
-20-

WORKSOP AND RETFORD HOUSING PROJECT LIMITED
NEW ROOTS HOUSING PROJECT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Accountlng pollclo9
{ConUnued)
19 Gov•mmtrnt grnThts
Government grants are recognls8d at the fair value of the assgt received or recelvdble whon therè is
raasonable 8¥suran¢e that the grant (¥JThJitions will be mel and tho 9rants will be recefv8d.
A 9rant that specifies perfomianct ¢ondllions Is recognised wi income when the pwhmiance ￿ndItionS are
met. IAthere a grant does not speThfy p8rfomianca conditlons tt Is racognised In in¢ome when the proce8ds
are recelved or re¢elvablè. A grant received before the rwnition criteria are ¥atisffied is recognlsed as a
Ilability.
Charltable actlvlll•4
2024
2023
Grants
Rents and Young Persons Supported Accommcpdatlon Servlc*$ wicome
re￿1v8b1o
73.287
43,000
2,594,489 1,821.515
2.667.776 1,864.515
Analysis by fund
Unr•stricted fvr￿s
Restricted fund5
2,594,489 1,821,515
73.287
43.0
2,667.778 1.864,515
Ral•lng funds
R•strf¢tsd
fund
Total
2024
2024
2024
2023
ic
Consultancy fees
30,589
5,500
36,089
32,848
30.589
5,500
36.089
3184B
21

WORKSOP AND RETFORD HOUSING PROJECT LIMITED
NEW ROOTS HOUSING PROJECT
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Charltablo actfvitle8
2024
2023
Staff costs
Training Costs
Staff travel costs
Insurance
MoV￿n units rents
Repairs and renewals
Council tax and water rats5
Light and hoal
Advortislng, p￿n￿ng, postage and stationery
Telephone
Cleaning
Motor exp8nses
Equpmenl rental
Bad debts wrftten off
Professional feès
88nk charges
Loan Inter•st
Other Interest payable
Aclivities and projocts
Sundry 6xpenses
Depree4alon of fixed assets
ITsoftware and wnsumables
Reeruiirnent costs
Security costs
NCHAfees
887.922
15.702
11,464
14,793
138.288
120.715
11.661
65.401
9,560
31,403
8,624
19
5,022
123,381
129
473
16,752
3.217
727.810
7.568
11.614
133.687
87,244
38,277
10,488
25,550
11,822
1S5
5,386
50.641
6.935
472
11.738
4,068
23.509
37.683
21.737
14.127
4.140
268.064
17,550
64.048
11,384
21,288
398,389
1.988,295
1,521.852
Share of govemance costs (see nok n
57,288
4g.552
2.045.683
1,571.204
Ana]ysl8 by fund
Unrestn'cled fund5
Restricted funds
1,999.829
45,754
2,045,583
For yoar ?nd•d 31 Mar¢h 2023
Unrestricted fund5
ReStri￿d funds
1,538,583
32,621
1,571,204

WORKSOP AND REfFORD HOUSING PROJECT LIMITED
NEW ROOTS HOUSING PROJECT
NOTES TO THE FINANCIAL STATEMENTS (Co￿rINuED}
FOR THE YEAR ENDED 31 MARCH 2024
M•nagement Commltteè {Dlr•¢tor8 And Tru8t¢o•)
None of the Man•¥menl Committee {Dlrectors and Trustè8sI laT any petsons conne¢bJ with them) reco1￿￿
any remuneration.
One member of the Management Commiltee {Dlredor5 and Trustees) received £Nil (2023.. £Nil) for thg
rgThbvr5emenl of trav811ing axpensès duTing the yeai.
Governan￿ costs
2024
2023
Staff costs
Audil 8nd a￿OUn￿n¢Y fees
40,901
16,387
3S,831
13,721
57.288
49.552
Govemance costs Indud88 payments to the auditors 01£6.000 (2023- £5,5C￿} for audit fee5.
Taxation
The charity is exempt from tax on income and galns falling within sgetion 505 of the Taxes Act 1988 or sectic
252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied lo its charitsble objects.
-23-

WORKSOP AND RETFORD HOUSING PROJECT LIMITED
NEW ROOTS HOUSING PROJECT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Employee8
Numbw of •mployee8
The a￿rage monthly number ofemployees duriryJ the year wa$..
2024
Number
2023
Numhr
32
28
Employment costs
2024
2023
Wages and ¥alari8s
Sodal S•¢UTity costs
Othor ponsion costs
825,327
47,234
56.262
686,007
30.131
47.503
928.823
763.641
The number of emF4oyo•s wh¢x¢ annual remunerallon was £60,000 or more
were..
2024
Number
2023
Number
£eo,coch£70.0(KJ
Remunprdtlon of key maMgem¢nt p¢rnonn•l
The rwnuneiats'on of key m￿￿eMent personnel w89 ag follo￿.
2024
2Q23
Aggregate compewtson
217.031
19D,900
-24-

WORKSOP AND RETFORD HOUSING PROJECT LIMITED
NEW ROOTS HOUSING PROJECT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
10 Tanglblo flxed assets
Freohol¢ land
bulldlngs
Plant•nd Fithrn¥
•qulpm•nt
Ilttln96
ornpulorn
Motor
¥ehlcl68
Cost
At 1 April 2023
itions
1.072.160
29.231
127.482
51.570
79.492
4,175
44,469
7,063 14.987
1.323,603
107.026
At 31 March 2024
1,101.391
179,052
83,667
S1.532 14,987
1.430.629
Depreclatlon and
Impalnnent
At 1 April 2023
Depreciation charged In th8
year
179,988
79,377
62,139
18.599
340.103
22,489
24.083
8,603
8,560
312
64.047
At 31 March 2024
202,477
103.460
70.742
27,159
312
404,150
Carrylng amount
At 31 March 2024
898,914
75.592
12.925
24,373 14,675
1,026,479
At 31 Mar¢h 2023
892,173
48.106
17,353
25,869
983.501
All tangible fjxed assets are for the PUFpose of the ch¥ty.
The c05t of depreciable a55ets induded in land and buildings as al 31 March 2024 was £1.133,725
(2023.. £986,792).
The Charity Bank Limited holds a fitst legal charge over freehold land and buikling8 wilh a bud(
value of £466,575 {2023.. £477.648) as secuiity for loans advanced tr)r the develcprnent of those
properties.
11 Debtoro
2023
Amounts lalllng du• wlthln one ye•r.
Trade debtors
Pr•paymonts and arxrued income
364,218
14,715
456,092
4,125
378.933
460,217
12 Loam and ovordrats
2023
Bank bans
188.(
195.845
Payable within one year
Payable aftèr onè year
8,SC¥)
179.566
8.500
187.345
-25-

WORKSOP AND RETFORD HOUSING PROJECT LIMITED
NEW ROOTS HOUSING PROJECT
NOTES TO THE FINANCIALSTATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
12 Loan& Ind overdrafts
(Contlnued>
The bank loan, Is s6￿red by way of a first legal charge over 2 and 4 OvÈrÉnd Road.
13 c￿dItOrJ. 4mounts falllng due wllhln one ￿•r
2024
2023
Note9
Bank ID8ns
Other tsxatlon and so¢lal security
Trade uedilors
Acuuals aThl deferred income
12
8.500
33.449
101,865
15,233
244.￿7
14.063
177.383
281,863
14 Cr•dlknrs: amounts lalling duo Jfter more than one year
2024
2023
Bank loans
12
179.568
187.345
IS Unrè$trl¢tsd lunds
The unreslricled funds of the charfty comprise the unexpended balances of donations and grants which are
not subject to speciffic conditions by donors and giantors as to how they may ba used, These Include
designated fijnds which have been set aside out of unrestricted fiJrKIs by the tnjslees for 5￿cifiC purposes.
At 1 Aprll
2023
In¢omln9 Resource$
rnsourc•*
•xpwnd•d
Transfern At 31 ￿r¢h
2024
General lund$
1.077,831
2,611,452
(2.030,418)
1.658,865
Prevlous y•ar:
At1Ap
2022
Incomlno Re50ufGes
•xpond•d
Transfer¥ At 31 March
Gen8ral fur
800,839
1.847.131
{1,571,431}
1,292
1,077,831
-26-

WORKSOP AND RETFORD HOUSING PROJECT LIMITED
NEW ROOTS HOUSING PROJECT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
16 Analy81s of not auets belw6•n lunds
Unrestrfcled
fundB
2024
Rebtrlcted
funds
2024
Totsl
2024
At 31 MaKh 2024:
Tangiblg ass•ts
Current assetsllllabilltifrs)
Long lem Ilablilies
956,783
881.648
<179.566)
69.696
14.IJ04
1,026.479
895,652
1179.566)
1.658,8e5
83.700
1,742.565
UnMtrlct•d R••trlct•d
funds
fund$
2023
2023
Total
Al 31 M#ich 2023:
Tangible assets
Current assetsl{liabltti8s)
Long temi Ilabl¥liBS
910,591
354.585
{187.345)
72,910
(11,243)
983.601
343.342
(187.345)
1.077.831
61,
1.139,498
-27-

WORKSOP AND RETFORD HOUSING PROJECT LIMrrED
NEW ROOTS HOUSING PROJECT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED
FOR THE YEAR ENDED 31 MARCH 2024
17 RMtrl¢t•d fu•di
Th¢ ra*thdlLmd¥ oflh ￿rtty C￿••1h1 wp8r#led beknfic88 of don*onJ and ymnb hddonlTrAI wbiprt lo 4p•￿¢ ai t• hvwthqy Th4y
flovem•nt In funds
IIDv•m•ntkn Tundts
Nalon81 LL*ery Chethkw 8ovd
12,3541
6,QQO
12.6541
3.446
1.292
2JA49
11292
TthTrth
Hormlws Unk
NCC. of*d
IMlh*n 8enevobrt
43.DOD
128.7781
11.4891
37,771
17.896
47,JfrJ
121.664
117.8961
63,407
D Ohty
Sport• El￿d
3.CrfJO
13,847
14.987
1.140)
52.5
48￿00
132.821
12921
11,667
73,287
ISl,2$41
63.700

WORKSOP AND REfFORD HOUSING PROJECT LIMITED
NEW ROOTS HOUSING PROJECT
NOTES TO THE FINANCIAL STATEMENTS {coMfiNUED)
17 R•strld•d funds
The Nth•l Lottw. th gMI was mad•to Ih• pur¢Pth of a proporty Road. *tirh has b•on r•lurblsh8dandi$ b￿nB brtha•
CS)Ilhv•th and Hdp Fer Htffj•l•¥8. Ihl• mgmy w•¥ fuly utilS••d YJ th* fLwathlrffj t￿￿ LYIP* I1￿ d 2 ¥nd 4 Road. The* r* h
Tth TAAI. • VJor*er to ots rfedfve •¥p•rfen¢e IN our mgsi com￿￿X young pwlfr. H￿1v4 & •n¥*•nm•nt OW y¢•1 P•JF4J
Homdoss Unkfvndslh• TthrbL4hmeth ol prcvrtt￿. mmi￿r￿•s•￿8 dewdkn t4*9Èd.
NNC Ofs12d reg￿t￿￿On lee.
kn188r￿OI?￿.10 fvndtho dvTrbrilatgr,knNJ aThdfftbng.
SpDts fwJl•nd- F¥￿1400r£Yrn •9￿￿r￿(￿l*lngt1M*8￿d wrtB •4ulwnont.

WORKSOP AND RETFORD HOUSING PROJECT LIMITED
NEW ROOTS HOUSING PROJECT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
18 Op•ratlna ¢ommlth)ents
T￿1 fubjre mlnlmum leasg payments und8r nofvcanc&ll8bl8 other operaUng188ses are as folow5:
2023
Imthin one year
Betr￿n bNo and fve yéars
52.5Y3
105,186
52.593
157.778
157,779
210.371
19 Related party tran6a¢llon$
The￿ were no dtsc10¥ab￿ related paty trans8c14on3 during th8 year {2023- none).
20 Anaty8ls of ¢hanges In net fund81(debt)
At l Aprfl 2023
C•th fltyw8At 31 M•Yeh 2024
Cash at bank and In hand
164,988
529,114
694.102
Loans falling due wlthln one year
Loans falling due after more than one year
(8,50D)
{187.345}
(B,5CN))
(179.566)
7,779
(30,857)
536.893
5LB.038
21 Cish gen•rat•d from operatlons
2024
Surplug for th$ yo8r
803,067
288.079
ArfIu5tments tr.
{4.2991
16.752
(5301
11,738
37,883
Interest on loan
Depreciallon aTrJ knpaiTment of tanglJl& fixed 8986ts
Movements In wort¢lng capital:
Decreasel(incTrase) in debtots
(De¢rease>AnGrease in CTed1t￿5
81,284
{104,480)
1428,087)
148.361
Ca•h genfrrnted from operatlon8
656,372
55,244