HEELEY DEVELOPMENT TRUST REG TERED IN ENGLAND AND WALE NDER COMPANY NUMBER 328 67 REGISTERED CHARITY NUMBER 1067567 FINANCIAL STATEMENTS FOR THE YEAR ENDEO 1STMAR NGLE ASoRE L CHARTERED ACCOUNTANTS AND RE ISTERED AUDITORS SHEFFIELD illi Iniii *A8JXC4F6• 30112r20r2 COMPANIES HOUSE
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PM NTTR ST FINANCI STATEMENTS FOR TH YEAR ENDED 31ST MARCH 2022 INDEX Page Trustees. annu* ieport Independent auditors. report Stètèment of financial actiwbes aThJ i1e and expenditure account 12 Balance sheet 13 Stalernent of cash fiow5 14 Notts to the finanual ststwents 15-25
HEELEY DEVELOPKIENT TRUST FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST RCH 2022 TRUSTEES. ANNUAL REPORT The trvstees Present their annual dire¢lor5' report and Ihe audrted financial statements ol the charity lor the year ended 31st hAarth 2022 which are also prepared to meet the reouyements for a 1CtorS. rerort and accounts for Companies Act PUlFKises. ObjecUves and a¢ti¥ities The principal acbvityes ofthe charity remain to cteate and manage Hee Milknnium Park (now called Heeley People's Parkl lor the pu1¢ benefirwithin the aa of Heeley and Lo%rfiekl in Sheffiekl and also to prornote other charitable wrposes ts the general benefft of the puNic in that area. Heeley Pecple's Park is appr0Matety 4 hectares of green$pa that Hedey Development Trust secured on a 125 year lease frorn Sheffield Cty Ctyjnol in 1997. The Tiust also has a 25 year lease for Ihe Heeley Instituie. a refurbished Grade 11 listed Wesleyan Chapel, which prowées space for cornrnunity activities. The se is from Heeley and Gkadless ValY Parothial Church Cwncil and ¢xJmmenrA in August 2C#J1. On 271h June 2012, the Trust look a 125 year 3$e on the Forner Anns Grove SchLY)I site. This enabled the first phase of building refurbishment to tegin- a 28 Studio managed Ispace for cwb.ve aThJ digital sinesses called Sun Studios. TRUST MANAGER'S REPORT 2021-2022 CONTEXT: Heeley Trust have devebped an 8woath lo Asset Based Communty Devek)pment over 25 yews. We have always delivered projetts that underpin a singk approach to local place development ecA)nomic recovery. incrgasingly. we have iealised our approach is Asset Based Community Development We are tad¢litvJ heritage defiu't. derdiction aTrJ mathet falure to generate a grani independent income. IN THIS YEAR.. April 2021 to Mar( 2022- We were SI0Y recovering ficwn oui COVIO Pandernic response, retumiw our staff teams to nomial r)rkIng. reopening our buildiThJs and thinking aboLrt safety for an ow visrtors. We were all a bit tired and dazed after our mutual aid response and then our to supwrt the l(tal Vaccine Hub whiGh re still running up vnts"i the s)Mer. We W8fe Ihinking a9ain about Ivnd raising aTrJ how to engage wth our community and we wèie really enjoying seeing our new playground full use through th¢ beaulrful Spring Weather had that year. Our bran&new bike shop A Different Gear could re-open Ivlty and start&J to learn how to rnarhage a retail offer wthin a social purpose tsr9anati0n. Page 1
HEELEY DEVELOPMENT TRUST FINANCIAL TATEMENTS FOR THEYEAR ENDED 31ST MARCH 2022 TRUSTEES, ANNUAL REPORT LEVELLING UP FUND ROUND 1: HERITAGE REGENERATION Our efforts In recent years to raise the hJndin9 wuired lo mpletety restore SUM Studios and Meetsbrook Hall have been Iredibty frustrating. Short deadlines. delays in decision rnaking and wonk at risk to bid f funds mean Ihat the Trust has eynded huge èlfort and resour9 onty to see the costs for the prgeas ineresse while the funding pots get smaller. There is no plan Nab"onalty that we can see to SfAve this prob just ever more plots and Intbabves. prolifeiab.on ol intemiedu8nes an(1 policy wonks and Compet.0n. Levelling Up Funding ILUFI was announced and a prospectus launthed by Governrnent in 2021. The deadlines for production of b¥Js were very tigh¢ the funding was aimed squarety at large local author s¢hernes but the developmeni wtstk %4e had done over the pViouS Yea meant we had devek)ped plans and costings for both SUM Studios and Meersbrook Hall. We alieady have partnets and a tenant waibng list all in Fla and loads of support to save these atslI buiklirgs lor the community. This boked like the best Chan we woulj have of sav¢ng these bUl1ng3... LUF Bids re In¥riied from ead) ConStieneY MP in each Local AuU)orty and cruoany. secured the backing ot our MP. Louise H?h Ihatme cwld bKI for Sheffiekj Heeky. Sheffpld was desvJn8te(l as a Priority 2 Cty and it vtss deerned very unlikety tt)at Sheyfiekl ¥)ukl qualify for lunds under Ihese c1rcufflstan5. nonethekss. 3 BKIS wefe assessed as being suffiaently advance¢J to be submitted-wrth Louise Haigh's suwort oJr Heeley Plans %4ere one of the three. So far so g(Kxl..... h¢wwer that's where the story get's frustrthgty famliar.... We Wèfè left out of the drafb.ng tewn and fundj support of conSl8nts that the Council put in pla for'their own bids". Vve were left on our own to meet the wuirements of prowdin9 a ftjll green book assessrnent of the economic impact of our proposals, to complete all the Strategic frl c£5e5. and lo PrOve match funding- in other words we fawl a massi glass celling to move our M forward. The final blow was to be iold our submiss#)n coukj only go forward rfwe cDukY prowde a.zero Risk Case a5 theie is no such thing. * ccxJk1n't woduce ty and there was r Iwne lo thalkrrfje this- we rnis5ed th8 deadline. So. yèt again, vrt dusted oursefves aThJ keptwrrfJ. Thanks to Louise Haigh MP and other officers in the Counal who did a huge amount ofwork io suprth us, did make Ihe cul for Round 2. That rK and development Wlill happen next year- I hope ¥ succeedl You need to be resilient to work in system for sure and need to have lriends- coNaboration will be incredibly imrKJrtant mowng forward. WE'RE RIGHT HERE.. THE COIIMUNITY POWER CAMPAIGN This is an exating new prgect- a disrupb.ve attempt to challenge the way th¥hgs a done rbotjusl tr) demand devoluty'on of power to communities Iwhth have been drmg for years) btrtto buikl statutory powers that require IL Heeley Trust became one of Ihe foundermember5 of eampavJn and our woth to grow thN% campaKJn and to charJe things for the betterwll bè a part of our fight for Hee for the foieseeable future. The campaion can t* here- hlWS"lAw.rvJht-he.0igl Page 2
HEELEY DEVELOPMENT TRUST FINAN IAL TATEM NT R THE YEARENDED 31 ST MARCH 2022 TR TEE 'ANN AL REPORT COMMUNITY WELLBEING OUTPUTS Pèople Keèping Well.. engaged 1.(9 Peop (123 through Events. 69) Groups. 256 one to one51 Digital Inelusion.. engaged 138 People for 1-2-1. dasses. data an(J dewce loans Live Well with O¢m¢ntia.' supported 96 peoplelcarers Ihrtyjgh ¢Jne to one, walks. calls. w(shOps, cafes Green So¢ial Prescribing.. supported 54 partiupants on nature natter and waN(s Social Prescribing Team.. recéiveij and svpported 448 referrals Thriving Communities- 1,550 people engaged IpaiUpantslaudn rnembersl Heeley Youth Club: week. 5 vdvnleers. arwnd 20 chikYn aged 1(k14. Social Medta Reo¢h= Reachfirnpressions- 474,231 Profile v151ts- 26,8 Followets across channeL8 as ol March 22- 3.794 Worth a watch.. A film ofsorne ofthe work VE did this ar aThJ our approach to Ctynmunity work.. ulube.ccffjfv4atchtrf9Nm62Zilol By the end of 1$ year. our communtty tearn ere in dtscv5SK)ns to support ihe ronirj of Neeld Green Library and to allow the arnazing ¥&untee to get bad( to tt)e. h's a lovely space, hJll of Iighl we're all excited lo btr InVa. We also workecl alongsitje the new Heeley TAR& attendiThJ meetsngs. heltyng Tech and DKJrtal Inclusion, gell'n9 to know some more Heeley folk. finally, need to credit all the w)rf¢ thai 8ev and her te of vdunleers have done to create a Youth Club in our co¥nmunity- ni M)rkl PROMOTING CYCLING AND ACTIVE TRAVEL: Sheffield ¢y¢leBoost Bike loans- 5,593 leach loan a 4-eek bhxkl- J1 loans *re rated auoss Rotherham. Bamsley and sheff. We won Independent &"ke Retailer of Ihe sEarl This was a real vedrt to aN our Sh team and rnechanics they have done so much to make our Btke Shop a weknming to be. It W35 great to see how proud they wwe ofwhat they had all athieved. HEELEY PLUS PRIMARY CARE NETWORK Working along51de our GP Nthork and all the local volunteers who hel)ed us to delNer the Vacane Hub al the Belgrave Medical Centre vas a really transfomiative eXperieTr lor us as a tearn. In'the end. we Und vp cMJr eflorts in the summer havirKJ dalwere(132.OCIJ Vacones. It was a milestone for u5 in buikling a kjrwrm partnetshipNwth the pn.mary Care System aThJ we a really happy to have been a part of that huge endeavou¥. We made lasting frtndships and I Ihink the future of our partrship is eXC"r9. Page 3
HEELEY OEVELOPMENT TRUST FINANCIAL TAT MENT RTH 31 ST MARCH 2022 'ANNUAL REP RT FORMAL STATEMENTS ABOUT OUR FUNDRAISING AND SALARY DETERIIINAnoN Fundraising= Heeley Trust leIveS a number of generous donab.ons every year. we have a number of regukr subscnbers to our Heeley People's pa and are in¢yedtJty grateftjl. The Trust wll always seek lo eam Ihe bulk of the incorne need to Use g¥ant and <Jona"ons to add real value. We do not actNety seek or organise swJnthcant lundraisiwJ fr(th inLINiduals. Salarie$= Senr (Management Tearnl Slaff Salalles are reviewe(l annvalty as part ol a pay for al staff. The Trustees operate a Pay Review Comrnittee 10 5crutinise Ihi5. Thè Trust 8clively seeks to lead by exam on this mattef and to keep salaries fair- the ratso bets%een top and bottom of our salary scale is currenuy 1..2.3 Our Funders-. Parricular thanks to the follwng funders Ihis year.. Pr io ChaThJe and The Cwp Foundatson foi their support in building ovr bike shop. FCC for funding the arnazing new Playground, Sh*ffiEld Cty Counol and Good Things Foundatron for helpiThJ v5 to get devtss and data loaE)eé ovt and South Yort¢shire Communty FouThYation, He8Mh Edvcation England arK1 Arts CouThil. Andy Jad(son Trust Manager 2022 Page 4
EL NTTR FINANCIAL STATEIAENTS FOR TH 31ST MARCH 2022 TRUSTEES. ANNUAL REP RT Financial review and re5er¥es policy The Sktement of Finanoal Actiml shows totsl IrMe of£l.277.225 and total expenditu of £1,188,340 for the year. Net income for the yearwas £88.885 vthith cxjrnprw a Surplus on un¥estncted funds ol £61,227 and an in¢ase in reslrided fvnd bakncès of £27.658. Total fvnds al 31st March 2022 amount&Y to £2,572. ofwhich £1,952.6161 in restricted funds. These are funds cornrnrtterj to speufic purposes or represent the net book value of assets purchased using Stricted grant income. with the mafrorty of the latter relating to the1È3sehold improverneni works. A5 shown in note 16 to the finanoal staternents, the charitys general funds at 31st March 2022 amounied to £231.339. The tharity'5 policy is io hold reserves of no than 13 weeks of unrestricted expenditure which woukl be around £245,(MJO. The trustees acknowle¢Yge and Continue to monitor Ihe ger*ral tunds balance and. as Lletailed above, a developiry addOnal incorne streams to enable the Trust to Increase the general funds towards Ihe vol set out in the reseThes policy. Principal funding sources The prinripal ftjnding sources of the Trust a rental incc¥ne. fees eamed and grants receivatrAe. Public benefrt The trustees consider that they have complied ¥wth Ihe duty in section 4 of the CharitÈs Act 21XJ6 to havè due regard to publ benefrt guanCe published by the charits Cornmi5sion and that the det8iled rewew of activitses. set out above. demonstrates that the chanty defveis publK tenefiL 5twcture, 9overnan¢e and management Governing document Heeley DevÈk)pfflent TnJst is a company I¥e by guaranlee g)vemed by its Klemorandum and ArtiCS of A5soci3tion. It is regiSred as a chantywlh the Charity Commission. In the event ofthe charty bw.ng wound up members are required to contritmrte an amount rlexCeedIng £10. AppOInent of tnjstees All directors of the oornpany are also trustses ofthe chanty. The are no other tnstees. All the trustees named on the 1nftsrmab.on page served for at ast part of the year. One third of the tnjstees retire at Ihe forthccyning Annual General MeetitYJ but a digible for re4ppointmenL The trustee5 may appoint a person as a trustee to fil a vacancy or io act a$ an addthon81 Injstee. Organisaton The charity is org8nised so that the trustees and its finan sub grow) meet wulaty to mar4ge its ffairs. The day to day adrninistra of the charity is dekgated to employees. Risk management Thè trustees have assessed the major risks to %thich the charity is exposed aThJ are satisfied that yystems are in pl to M"gate the e>posure to tse th. Page 5
EL EVELOPtsENT TR FINANCiAL STATEMENTS FOR Th 31ST MARCH 2022 TR TEES. ANNUA R RT Reference and 3dmini5trative dètails Charity number l(E7567 Company number 3288676 Narne and registered off** Heeley Develokwnent Trust Ash Tree Yartl. 6248 Thir11 Road. Heeley. Shef[1. S8 9TF Our advisors.. Auditors ringk Ashmcwe Ltd Chartered ACcOtants ancl Ststu¢w Audrtors Enterprise H¢yJse. Br¢)adfdl Court. Sheffield, S8 OXF 8anKers Unty Trust Bank PIC Nine BriThJFeyplace, &'rniwham, B1 2H8 Directors and trustees P Grassd K Irwn A V Ketsey A Ponsford S Abram T Askn"n5 S Blandy E Chard A Ashton R Thomas Twhrtè J C2audema - 8pFKMnt 291h Nov 2021 Company seuetsry S 88rllts Key"m4n4gement personnel A Jackson S 8arUes CM Connolly A Walker T Fomian Trusl Manager Finance Manager Leaming Manager Cycle Projects Manager rats.ons Manager Pa9e 6
HEELEY DEVELOPMENT TRUST AN AL TATEMENTS FOR THE YEAR ENDED TMAR TRUSTEES, ANNUAL REPORT Stat•m•nt ol tntstees. responslbilrtles The Irvstees (who a also directors of HeeY Devdcpment Trust for Ihe purwses ol C£3nY lawl are sponsible for pparing the Trustees, Annval Report an¢J Ihe finanual statements in accOr¢Jat) with applicable law and United Kingd( AccountiThJ Slarhyards Iunrted KiThJdthn Generalty Accepted ACuntij Practice). Company law qUireS the fwstees lo prepare finanoal siatements Tor each financial year. which give a true and fair view of the stale of affairs of the charrty and of the inccwning sourceS and applicab'on of resourr£s, Including the Income and expenditure, of the charity ts the sear. In preparing these financial statements, the trustees a requirecs to". • select suitabk accounting poliues and then apply Irn consistenuy". obselve the rnethtsds and principles in the Chaiities SORP 2019 IFRS 1021.. • make judgments and eskn"mates that a 3$onable and PryKlenl, • stale whether apble UK AccnuntirvJ Standards have been foll¢x¥ed. subject to any matenal tJepartus disc&)sed and explained in the finanual statements", prepare the fin8n(ial ststetnents on the going concem bags un*ss rt is inappropriate to presurne that the chaitywll continve In operab"on. The trustees are resportsible for keeping adequate accourw records that disdose IMU) reasonable accuracy at any tirne the finanaal posiD"on of the charty aThY enable them lo ensure that the financial statements complywith the Companies Acl 20(kS. They are also responsible for salegu8ffJirvJ the assets ol the charity and hence for takirMJ reasonab steps fLY the prèvention and deteuion ol fraud aTrJ other regularitye5. In so far as the trustees are aware. • there is no vartt audit Infofrnatic of %thich Ihe chanvs audrtor is unaware", and tre trustees have tsken all steps Ihat they ought to have taken to make theMSee3 aware of any rdevant 8u(lit inlortnatK¥) aThJ to e$lalsh thatthe aLHJrtor is aware of that InfnatiOn. Thi$ report has been prepared taking advantsge of the small cc¥npanies exempbon of section 415A of the Companies Act 2006. The report ofthe tnjstees wa5 apprgved by the board on . behalf by Igned on tts S Bardes Seuetary Page 7
HEELEYOEVELOPMENTTRU FINANCIAL STATEMENTS F TH AR 31ST MARCH 2022 INDEPENDENT AUDITORS. REPORTTO THE MEMBER HEELEY DEVELOPhAENT TRUST Opinron We have audited the financial ststements of Heeky DeveloK¥nent Twst Ithe'charitable company'l for the year ended 31st March 2022 %thich compnse ltte Slatement of Financial Actiwb'es ancl Income and Expenditure Account. Balafi Sheet, Statement of Cash Flows and notes to the finarwl ststernents. InCldI 51gnificant aecounting polics. The finanoal pOrting frame that h85 been ap[A in their preparabon is applicable law and Unrteé Kingjom Accounting Standards. indvding Finanual Rewrting Standard 102 The Financial Reporting Standard applic)le in the UK and Rewblic of IrelarKJ {Unrted Kingdom G•fftrally A¢pted Accountin9 Praclicel. In our opinion the financial stslements 9ive a true aThJ fai¢ view of the slate of Ihe charitable cofflpanls affairs as ai 31st Maich 2022, and ol Its incorning $OUrCeS and appIation of e5jrc85, indUd9 its irthme and en0th. for the year then eed., have been properly prepared in accordance wth United Generalty Apted Accountiry Pracbce." and have Len prepared in aordance wlh the requirements ol Companies Acl 2006.. B•sl$ for opinion We conducted our aLKltl in aCCoanCe with Intemational Standards on Auditiry IUKI IISAS IUKII arKI applirable law. Our SponsIbl11bes under those standards are fvjthr desryibed in the AjItOrfs responsibilibes for the audit of the financial statements secb.on of our report We are independent of the charitable company in accordanr£ %%ith the ethical requirements thèt are rdevant to our audit of the financol statements In the UK. Induding the FRC'S Ethical Standard. and we have fulfilled our other ethical responsibilibes in accot1Jan with these requirements. We bdieve Ihal the audi¢ evKlence we have obtained Is sufficient and appropriate to pro¥Ade a basis for our oynion. Conclusions relating to going concern In auditing the fin8nual staternents, * have condud&J that the trLLStees' use of the goirg cJyKem basis or ac¢ounhng in the preparation of the financ#al statements is ap[Olate. Based on the work we have perfomied. A have not idents.fied any Material un¢ertaintse$ relab.ng to events or conditions that. Individual or rA)Ilectivety. May cast sTgnffjcaM doubt on the charitsbk cOrnpans abilty to continue as a gory c0M for a pe11( of at least twelve months Irom %then the finanual slaternents are authoriseil for issue. Our respons1"11ties and the responslylths ol Ihe tnjstees wih respect to going conrn are dèscribed in the relevant See"0nS of this rewt Other infomiatlon The other inlornats.on cornpn5es the Inforrnabon induded in Ihe Trustees Annual Report, other than the financial statements and our auditor's ptsft there. The trustees a SponsIb for the other information contained wthin the annual reporL Our opinion on Ihe finanual statements does not cover the other infomiation and, except to the extent otherwse expliotty stated in our report. we do nol express any form of assurance tondusion ihewn. Ovr responsibility is to ad the other informatK)n and. in diyng so. nSider whether thè ether infoNnaborn is materially inconsistent with the fina181 slaternents or our knedge obtained in the eourse of the av(Jrt or othemse appears to be materially misststed. If we Identify suth m8ieFi81 inconsistenues or apparent matenal misstatements. we are required to delerrnirte whether this g¢ve5 rise to a matenal missratement in the financial statements themsefves. If. based on the we have performed, ws nclwle that there is a material misstatement of this other informabon, are reouired to report Ihat la We have nothing to report in this ward. Page 8
HEELEY DEVELOPMENT TRU FINAN IA TAT MENTS F RTH 31ST MARCH 2022 INDEPENDENT AUDITORS. REPORTTO THE MEhlBERS HEELEY DEVELOPMENT TRUST Opinions on other matters prescribed by the Cornpanie5 Act 2006 In our oniOn. based the wotk undertaken in the course ol the audit". the inforrnatson given in the Trustees. Annual Report lin¢orporaling the Directors. Report) for the financial penod for which Ihe financial statsments are prepare(l is CLJnsistent vAth the finanrJ81 statements". and Ihe Directors. Report has teen prepared in accordan vAlh 8prjlcAb legal requirements. Matters on which we are required to report by excèption In the IvJht of our knoed9e and undersianding of the Chantab c¢ympany aThJ ts enwronmenl obtained in the eourse of the aud( we have not Klentsfd material M5tements the Trreclors, Report We have nolhing to report in respect of the f01cp.ng matter5 in relab.on to which the Companies Act 20( reqvires us to report to you if, In our opinion." adequate accountsrrfJ records have not been kept or retunis &Jequate for our audit have not been received trom branches not vtsrted by us., or the finanoal statements a not in agreernentvAth the acwuntirg recwd5 and retvms". or rtain disdosures ol director5, remuneration speufied by law are not made." or we h8ve not reiVed all thè informabon and explanati¢)ns require lor our audit, or thè Trustees were not entrN&J io prepare the finanoal siarements in accor¢Yarw wth the small compart. wime and take advantage of the small cDmpanies exernpb'ons in weparing Ihe diOr5. report and from the requirement to prepare a strategK repo Responsibilities of Trustees As explaine¢J rnore fulty in the Truslees, reSponsitieS slaternent Set out on page 7, the TteS (who arè also the directors of the chartsble ccrfnpany for the purposes of company lawl are responsible for the preparabon of the finanaal statements and fo.r being satisfietl Uwt they gNe a true and fair vw4. atvj for such internal control as the Trustees detemiine is necessary to enab the preparation of financial statements thal are tree frorn rnaterial misstatemen( whether to fraj or effor. In prepaiing the financial staternents. the Trustees are responsible for assessing the charitabk companys abilty to continue as a going conrn. disdossng, as applicable, matters lated to going concern aThJ using the going cDncem basis of accounting unlèss the Trustees ethef intend to I]Uate the charitsble cThmpany or to cease ra"On$. cw have no realistic alternati to do so. Auditofs responsibilities forthe audff¢ of the financial Ststernents Our objectives are to obtain reasonable assurarKe about whether the financial ststements as a bthole are free from material mi5ststernen( ether due to fraud L¥ error, and to issue an audrtorfs report that includes our opinion. Reasonable assuran is a high level ol assurance. but is not a guarantee thai an audtt coThJucted in accordane£ wth ISAS IUKI will aS detect a matenal misstakment en il exists. Misstalemenls can arise trom fraud or etror and are ConsKjed material rf, in¢JMdualty or in the aggregate. they could reasonably be gW8Lt811 to influence the ecoTh)mK deas1¢S of users laken on ihe basL8 ol these financjal StatTrents. Srregulaith"•s, including fravd, are instsnces of nor&Trcompliance laws ancl wulations. We design ProdUreS in line wth ¢JJr iesponsibilthes, ouuined above. to detect m3terial misstatements in respect of irguI8rrtie$. indudrng fraud. Tre spe(Jfic procedure5 for this enga9ernent and the exlent to which ihes8 are C8pable ol detecb.ng irwulaiities, Inc*Jdwig fraud is detaiby belw. Page 9
PMENT TR AN TATEMENTS FOR TH 31ST MARCH 2022 DEP NT A RS'R RTT TH Y DEVEL PMENTTR Based on ouf understandiNJ oflhe chanty and the enwronment in vthich it cperates Kntified that the principal risks ol non-complian wlh laws and wulaiions related to heanh and safety and we ConSere the eent 10 which Tr)n-ccwnpliance mbght have a material effeci on the finanoal ststernents_ We also con51dered Ihose laws and regulations that have a direct inpact on the preparation of the finanaal statements being the Ccthpanies Act 20(NS, Charibes Act 2011. Charity SORP and payroll ta We evaluated rnanagemenfs incènbves and opporDJnilies for fraUdUnt manipulath.on of the financial statements. induding the risk ol overridino intemal cL)nlrols, and de¢ernined that the principal risks related to the incorrect classification and recognrtion of income and posts'ng inappropriate journal entries. Audil procedures performed Included the followng" Discussion wth fflanagernent regarding their kn<• of susp10 of Instances of non-Ct)mpliance wilh laws and regulations and traLKI", Evalua"n9 mana9emenfs controls desKJnetY to revent and ¢Yetect ¥re9uJanties; Reviewng cOrSpOndence from funders for significant reIpts.. Ien'n9 and testing journals. In partLr those brge OmJnts. unusual deSCriPlions orthose for year end adjustments". RevRwing the minutss ofTrustee meeb"rys: Because of the inherent limrtab'ons of an avdi( there is a risk that will not detect all irregularities, including those leading to a material rnis5tatement In the finanual statements or ntsn-ccynplian with ulatiOn. This risk Inrxeases the mofe that compljance wih a law or rUlatIOn k8 removeé from the events and transactions reflected in the financkgl ststements, as we 4MII be less like to become aware of instances of non- complian. The risk is also grea¢er regarding irregularib.es occurriThJ due to fraud rather than error, as fraud involves Intential ex)nalment. lorgery. collusion. omt5sion misrepresentation. As part of an audit in acco¥dan wih ISAS (UK). we exercise professKJnal Ijgment and maintain professional sceplicism throughout Ihe a(kJit. We also. Idenlify and assess the nsks of material mssstaternent of the finanaal statements. whetherdue to fraud or error, design and rf0rrn audit procedure5 responsNe to those risks, and obtain audrt èvidence that Is suffiaent and appropriate to provide a basts for ourokynK)n. The risk ol not detecbng a matenal misstatement resuibng trom fraud is hjr than for one vIti from error. as fraud may involve collusion, forgery, intenbonal omissions. misrepresentations. or the overrrde of internal control. Obtain an understanding of internal control revant to the audit in order trj deSn audit procedures that are appropriate in the circumstances. but not for Ihe purpose of e>presrrfJ an opinion on the efiectweness of Ihe charrtable umpany s intemal ctsntrol. Evaluate ihe appropnateness of accounbng polic4es used and the reaSOnaenesS ol accounts"n9 èstsmates and related disclosu9 made by Ihe trustees. Condude on the appropriateness ofthe trus¢ees' use ofthe going concem basis of a¢Unn9 and, based on the au4Yit eV¥jen obtained. whether a material uncertainty e$t$ related to events or condil'ons that may cast svJnifican¢ doth)t on the charitable C1panY5 abilty lo ¢onts"nue as a gryry conrn. If condude that a material uncertainty eSts. we 8re reqvired to draw attention in our auditorfs report to the rdaled disc105vres in the finanual Stsments Of. if such disdosures are inadequate, to rnodify our opinion. Our conduswjns are based on the audr( evidence obtained up to Ihe date of our auditorfs reporL However. fvlure events tr condition5 may cause th8 charitablè company to tease to continue as a goiThJ concèm. Evaluate the overall presentation. stru(Aufe and content of the finanual statements, induding the disdosures, and whether the finanaal staiements present the undeftying transactions and events in a manner Ihat achieve$ fair presentstion {*. 9ives a trLe aThJ fair vthvl. Page 10
HEELEY DEVELOPMENT TRUST NANCIAL STATEMENTS FOR THE YEAR ENDED TMAR H 2022 INDEPENDENT AUDITORS, REPORTTOTHE MEMBERS OF HEELEY DEVELOPMENT TRUST We comrnunicat• w¢h those charged with govemance regard. amoTrJ other matters, the planned scope and timing of the audit and SnIfiCnI audrt findiThJs. induding any signfficant defic4enoes In Intemal control thatt Kjentify during wr aud Us• ol our feport Thts report is made sdely lo the charitable ccKnpanVs mernbw5. 85 a body. in accordance wrth Chapter 3 of Part 16 of the Companres Act 2Cth. Our audit work has been undertaken so that might stsle to the charitable compan5 membets Ihose manets we a wuired to stste to thern in an auditorfs report and for no other purpose. To the fUlst extsnt permrtted by law. do not a¢pt or assume responsibility 10 anyone Olher Ihan the charitsble company and the charitaNe compans members as a body, for our audit wtsrk, for this report. or for Ihe optnions have formed. Brendan Ashffloie ACA . Senior Statutory Audil¢y for and on behalf of Tin9le Ashmore Ltd Chartered AcUnNts and Statutory Audrtors. Enterprise House, Broadfiehj Court. Sheffthj. S8 OXF Page 11
HEELEY DEVELOPMENT TRUST FINANCIAL STATEMENTS FOR THE YEAR ENDED 1STMAR H 2022 TATEMENT F FINANCIA TIWTIESAND INCOME AN xp NDIT UNestricted Restricied ftjnds fund5 2022 2022 Totsl fvnds 2022 Total fvnds 2021 Income liom". Donations and similar in¢¢w 18.612 18.612 3,082 Charf(able actt$". Grants recewable Fees eamed Rents receivab 245.740 245,740 843.495 169.142 285,263 782.096 146.759 843.495 169.142 Other Ineome Coronawrus Job Retents"on Schwne Insuran(e daim 236 .236 57,836 526 Totsi incorné 1,031.485 245,740 1,277,225 1,275,562 Expenditu on.. CharitstAe actwrt 970.258 218.082 1.188,340 1.190.057 Total exFeThJiture 970,258 218.082 1,188,340 1,190,057 . Net income for the year 61,227 27.658 88.e85 85,505 Total fijnds broughl forward 558.563 1.924.958 2.483.521 2.398.016 Total lun¢Js carrie(J foTh¥a £619.790 £1.952,616 £2,572.406 £2,483.521 Th¢ Ststernent of Finanaal Ath¥e$ Indse$ all gains a5 Ictsses recc¥Jnised In Ihe ar. All inc(xn& and expenditur• de¥we fr¢)m contiThJing actIve$. Page 12
HEELEY DE NT TRUST FINANCIAL STATEMENTS FOR THE YEAR ENDED 1sTR BALANCE SHEET Notes 2022 2021 Fixed assets Tangibje assets 2.696.933 2.691.842 Current assets Stock Debtors Cash at bank arKI on haTrJ 166.417 176.026 436,019 99.436 301,758 429,694 778.462 830,888 Credito¥s- amtyJnts fallry due vthin one year 10 347.478 463,240 Net cuffent assets 430.984 367,648 Totsl assets less ojrrent Ibabilities 3,127,917 3,059,490 c01t0- amounts fallrfJ due after more Ihan one year 11 555.511 575,%9 Net assets £2.572.406 £2.483,521 Income luThJs Unrestricted fun¢Y$ General fvnds Designated funds Revaluth"on rese 16 16 15 231,339 250,787 137,664 16S,362 255,537 137,664 619.7) 1,952,616 558,563 1,924,958 Restricted funds 16 Total fun(ts 17 £2,572,406 £2.483.521 These financsal statèrnents have been prepared in accL¥dance wth Ihe prov)n$ appli£able to companie5 subject to the small eLvnpanies' rirne. These financial ststements *re apwovèd and authoris&J for wue by Ihe Board on .. ................. . ........ . and sign& their behalf by QOWL R Themas Tius P GrassKk Trustee Compary number.. 3288676 Page13
HEELEY DEVELOPMENTTRUST FINANCIAL STATEMENTS FOR THE YEAR ENDEO 31ST MARCH 2022 STATEMENT OF CASH FLOWS Nots$ 2022 2021 Cash flows from operabng activrfies.. Net cash proMdÈd by operaluig acbiribes 19 29.778 156.920 Cash flows from invesb.ng actmties.. Payments to acquire tangib fixed assets 12.9951 111,2451 Net cash used invesb.ng acbwtes 12,9951 111.2451 Cash Ilows from finanong actswt*s". Repayments of borrowiNJ 120.4581 112.8341 Ngt cash used irn financing 8L1ivibes 120.4581 112,8341 Chang• in cash and cash equwalents in the )tar 8,325 132,841 Cash and cash equivalents at 1st April 2021 429,694 296,853 Cash aThJ cash equivalents at 31st Marth 2022 £436,019 £429.694 Cash and cash equlvants con5i5ts Ot. Cash In hand Barl( balarte 222 435.797 222 429,472 Cash and cash equNalents at 31st March 2022 £436.019 £429.694 Page 14
HEELEY DEVEL PMENTTRUST NAN TATEMENTS FOR THE YEAR ENDE TMAR NOTES TO THE FINANCIAL STATEMENTS Accounting polioes Heeley Develownent Trust is a company limrted by guarantee registered in EngL3nd and Wa1È5. In the event of the chanty being wound up. the liability in rtspect of the guarantee Is limited to £10 per member of the tharity. The ad¢Jress of the regisiereij offte is given in the charity informaty'on on page 6 of tt)ese finanaal statements. The tharity consts'tuies a public trknefrt entity a5 defined by FRS 102. These financial stalements have been prepared in accordance wih Accounting and Reportsry by Charities." Statement of Recommended Practice applicable to charibes preparirKJ their accounts in accordan wth the Financial Reportng Stsndard athication in the UK ano Reput4ic of Iland issued in October 2019. the Financial RerK)rbTrJ Standard appliGgbk in the UK and Republic of Ireland IFRS 1021. the Charit Aci 2011. the Cornpanw AGI 8rKJ UK Geneially Accepted Accounting Practice. The folliymng is a smaryOfthe m¢ye TrIportant accounting pdicies used by the tharity. Going COnM The finanryal staterr7ents havè been PreParj on g<MJwJ corwn basis as the trustees bdieve that there a no mateiial unrtainlIes. Inccrne All Incorne is accounted for as soon as the charty has enent to the income. the is cErtainty of receipt and the amount can te Measu0. Income is only deferred when". The donor specifies that the grant or donation rnust onty b8 U58(l in future accounting pericxjs". or • The donor ha5 Imposed Cond"0$ which must be met before the charity has uncondition81 entitknient. Grants reNble Grants in respect of re¥enue items are Itten off the inc(Tre and expenditure account in Ihe period to which they relate. Grants In respect of specific projects a ¢redit&Y to a restricted ftjnd. against which levant eXpeThjrtU is tharged. Grants relating to fixed assets a uedited to a restricte(J fvnd on Ihe incc¥ne and expenditure acwunt from which amounts are kased VenUe over the same reric¥Y as Ihe depreoation period ofthe ielevant 8ssets. Fees eamed and rents receivab Fee3 and rents are credited lo the pertrfl in 1¢h they a receab. - Expenditure Expenditure is recognised when a liabilty is incurred. Charitsble acbthes indudes those costs incurred by the charity in the delNery of its actsvibes. Govemance costs ndude those costs incwred in rnee.ng th.e nStitUtiOnal and ststtjtw requirements ofthe charity. Pensions The charity operAtes a defined eA)rrtribution nSti)n schwne for rts employees. The schne funds are administered by trustè8s and are iThl8pendent ol lJ)e charitys finarTr. Opgrating leases Rentals payat undèr Qratrng leases are charged to Ihe stalementof finanual active$ on a straight line bèsis over.the period of tt)e aSe. Page 15
HEELEY DEVELOPMENT TRUST FINAN STATEMENTS FOR TH YEAR ENDED 31ST MARCH 2022 NOTES TO THE FINANCIAL STATEMENT Tangible fixed assets and depation The freehokj prcperty is ststed at Maet value. The improvements to the ka5ehotd prottrty are stated at cosL incI1j financè eosts to the date afecmpktion on a toan whh SpeafilY related to the finarw of thè project Other tangible fixe(l assels are stated at cost th depreaatson. DepClaon Is calculated to lte Ihe cost of the fixed assets over their expeeted useful lives. The rates used are a5 flowS..- Computer equjpmeni Other equipment Motor vehe 25% per annum, straKJhl lj.ne basis 25% rer 3nnum. reducing balancè basis 25% rw annum. reduong balano basis Stock Stock is 5ts1ed at the Iwr ol cost anLI net wh'sabk value. Cost is cakulaied using the rst in. first out IFIFOI basis. Debtors Trade and other debtor5 are recogriwl at Ihe seluwnent arnountdue after any discount offered. cltOrS . Creditors are Cognised eTh the charity has a present 0jab0n resuMiTrJ frorn a past event that 11] probably resull in Ihe iransfer of lunds lo a Ihird party and the arnount due to setue the obligation can be measured or esbmated reliabty Cieditors a nomially recc¥Jntsed ai their Sernent amount after allowng for any trade disc4wnts ¢Jve. Financial in5trLJments The charity onty has finan0 assets and liabiktes of a kind Ihatqvalify as basic financial instruments. These are inibally ieccgnwl attransaction value and are subwuenty rn835ured at their $eitl8ment V81ue. lrreerab vabje added tax Irrecoverab value added tsx ts written off to Ihe Ststement tsf Finanual Activities in the ye8r in which it arises. TeinatIOn Benefits Terrnination benefits are Payab when emF4wnenl ts temiinated before th8 nomial irement d3t8. or whenever an employee accepts voluntary redundancy In exchange lor these benefits. The charity CO9n15es temiination benefits when it ss dernonstrabty cnmmitted to either Ill teminating the em 0Yent of current employees awrdirg to a detailed formal pL8n wthout possibility of wthdrawal or lill provKling temiination bereffts as a resutt of an offer made to entcKrra9e voluntary redundancy. Fund accounb.ng Funds held by the chanty are erfher.- Unrestricted funds- these are funds thli can be used in accirdance wlh the charitab otie at the discrebon of the trustees. Designated lun¢Js- these have been set up to wjentify those unrestricted fvnds that are not general funds. These include unrestricted funds eaMaTkèd by the charitys trustees to be use for a p8Cula purpose in the fvture and the net book value of caprtal assets purchased using the chantys general funds. Revaluabon $erye- this represents the ¢Mferenc* tten the market value of the freehc4cS operty and lis historic cost Restri¢ted funds- these are funds that Only be used for partiL $tcl$d purposes, mposed by the donor or Ihrough the terrns of an appeal. Page 16
HEELEY DEVELOPMENTTRUST FINANCIAL STATEMENTS F RTH AR END 31ST MARCH 2022 NOTES TO THE FINANCIAL STATEMENTS UnrestncÈed fvnds 2022 Restricted tunds 2022 Total funds 2022 Total funds 2021 Grants reiable.. Cowd-19 Ern8rgency Funding sheffk1 City Counul_ CoM¢>19 Power to Change Management & DeVepment C¢>op Foundation Support Grant Adult Learniry sheffie cty Counul Communty champA5 Prc¥ect Dernents'a café Devic£ Grant Schemè Associate Libraries Grant People Keeping Well South LAC VCS Engagernent Walking for Purwse Soulh LAC Ward Pots Arts Council Health Edu¢ation E131 NHS shef[ld- Translom)akn"on FurK1 G&)d Things FnaOn Soulh Yorkshire Communty FIXNat Other smalkr fvnder5 27.934 27.934 20,orx) 30.0 10.000 10,C 4.000 10.0(K) 8,129 70.750 2.OLK) 4.000 10.000 8,129 70,750 2.OCM) 4.000 6.811 6,286 2.791 19,920 33.124 18.607 1.500 9,900 972 2,791 19,920 11.124 18.607 1.500 9.900 972 24.900 30.576 250 Greenspace FCC Communit 67.120 Cyde Proieds Big Bike Revival Grant ESFA Traineeship Funding Department for TransFYJrt Community Buildiws ERDF- Investing for Gr IIIGI Fund Archrtectural Heritage Granl C¢>op Foundatson Grant The JG Graves charitab Tn1 3.948 3,948 1.500 1.991 15,665 . 15.665 7,283 10,000 3.546 £245.740 £245.740 £285,263 Page 17
HEELEY OEVELOPMENT TRUST FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2022 NOTES TO THE FINANCIAL STATEMENTS T(al ftjnds 2022 Total fvnds 2021 funds 2022 fuThJs 2022 Chanlable actyvils Salaries and nati¢)nal insuran Direrl project C05t5 Insu¥ances Rèpairs, renewals and sundry equipment Travelling expenses Telephone. fax and intemet Stationery and FX)Stage New51ettèr. advertising and pU10ty MislIaneOUS expenses Bad debts Bank charyes and terest DeprecJats"on Irrecoverabk VAT 466.994 474,038 487 1.603 24 1691 1,105 693 3,916 2,030 885 8,938 2.455 111,370 92.081 . 578.3$4 566.119. 487 1,603 24 1691 1.105 693 3,916 2,030 552.641 584.444 403 1,384 2.210 1.223 492 2,930 9,810 983 24.604 2,045 14.631 23,569 2,455 Govemance.. Salanes a1 natson81 Insuran Audit and accountancy 3.359 3,359 3.800 3.263 3,625 £970.258 £218.082 £1,188,34D £1,190,057 Total eypenditu Salary Costs Direct Costs Oihèr costs To1 2022 Total 2021 Cowd-19 Emergency Funding anagement & Develowent Adult LearnirvJ Gen$pa Cycle Projeds Ccmnrnunity Buifding$ Goveman lffecov•ra)l& VAT 16.669 3.721 21%.788 30.733 287.910 32.543 3.359 11.265 27,934 33,251 303.032 39,260 581.317 213.932 7.159 2.455 50,OCx) 11,836 214,750 130,097 557,123 217.318 6.888 2.045 95.9)1 1,189 3.155 20.026 290,252 161.363 2.455 £581.723 £566,119 £40,498 £1,188,340 £1.190,057 Pagè 18
PM NTTR FINAN TAT NT RTH YEAR ENDED 31ST MARCH 2022 TH FINAN TATEKIENTS 2022 2021 Net incorne for the year This is stated after charging'.- ALwJitws' munerat.0n - aLkYit - awUnrY 2.780 1.020 23.569 2,635 990 24.604 OeFKeciabon Analy515 01 staff ctssts, trustee mneral)n and eynses. and Ihe ujsl ol key management krsonnel Salaries Ernployerfs national insulance Ernployerf5 pen0 conbibutions 535,635 35,885 10.203 511,883 34,351 9.690 No remuneration was paid expen5e5 reimbursed to trustees during erther year. The average number ofstsff ernployed was 2812021- 281. There were no ernployees emoluments exceediThJ £60,LN)J in either year. The key managent personnel ofthe tharity CpriSe Ihe Tru5tee5. Ihe Tw5t Manag•r, the Financ£ Manager. the LeamiThJ Manager. the Cyde Projects Manager and the Operab"ons Manager. The totsl ernoyee benets oflhe key management personnel £180,91012021'. £775.6561. Related party transactions The total arnnI ol Oonations Cee from ¢Nstees &thout conditsons was £19012021 . £5551. There were no otrr lated paty transadKins requirin9 discJ05ure in either year. Pa9e19
HEELEY DEVELOPNIENT T FINANCIAL STATEMENTS FOR THE YEAR 31ST MARCH 2022 NOTES TO THE FINANCiAL STAT NT Tangib assets Freehokj Improvements propety & to kasehof¢Y property Computer 8nd other eouitment Motor vehides Totsl Cost and valuation As at 1st April 2021 AddOn$ 604.638 2.1TI.319 25.665 145,205 2,995 2,929,500 28,660 As at 31st Marth 2022 630.303 2.177.319 148.2 2.958,160 Depreualo As at 1st April 2021 Charge for Ihe year 107.768 17,996 2.265 18 127.625 5,555 237.658 23.569 A% at 31st March 2022 125.764. 2.283 133,180 261,227 Net Ik vatsje As at 31st March 2022 £630,303 £2,051,555 £5S £15,020 £2.696.933 The freehoKI propetywas valued at £295.C#XI in Aprl 21 by Hale saUlers. Charted Surveyors. It will be independenly valueij In ihe folk)wng year once the redeveloynent of Ihe srte has been ccKnpleted. In the opInn ol tr* Irvsiees. its value at 315t Marth 2022 would have been £630,3 being the historic valuats.on and the c05t of Ihe redevelopmenL 2022 2021 Debtors Trade debtor5 Grants receivab Other debtors aThJ prepaymen 47.257 23.025 105,744 73.557 78,026 150,175 £176,026 £301.758 10 Crédtttiis- amounts falliNJ due within one year Loans Trade credit¢ys Taxation and s¢yial sewrity Other rJeditors Deferred inwne (see nots 131 Funds h¢ld on behalf of olhw5 21.500 100,852 16,221 120,078 88,267 $60 21,500 151,9 79,932 115,354 93.985 560 £347.478 £463,240 The funds hekj on beham ol oihers ccmprise £76 held on behalf of South Yothshire Poli and £484 hehl on behalf of Cyde for Heath. There was no movement in these balances during either year. Page 20
HEELEY DEVELOPMENT TRUST FINANCIAL STATEMENTS FOR THE Y 31 ST MARCH 2022 NOTES TO THE FINANCIAL STATEMENTS 2022 2021 "11 Credrtors- amounts faHing due after more than ty year Loans £555,511 £575,969 12 Secured liatmlrties At 31s1 March 2022. there were secuied Iiabilths of £555.13612021 - £564.1361. The loan Is secured on Ihe leasehokl improvements and pSents 27% ofthe net tMX)k value ofihat asset The loan ha5 a terrn of 25 year5. Monthly capital repayments of£750 are being made for tre per to Dernber 2022, at which t¥ne the.posItic 11 be reve*Ed. Throughout this ped. the interest r3t8 on the loan wll remain al 2022 2021 13 Deferred ineome Balance at 1st April 2021 Amourit ease£l to lnccffiw resour Amounl deferred in the year 93,985 118,8511 13,133 57,506 149,2361 85.715 8alance at 31st March 2022 £88.267 £93.985 DeferTed ineome relates to grants TNed in the lear for expeThjrtu ¥thith the donor has specified must take plaTr in the fdlwng ar or fees Invoic&J in advan of the perfcxmance of tIE relevant 14 OperatirvJ 18ase cc¥nmitrnents At 31st"Marth 2022 the chanty had Cwat¥ leases vAth total fulure rnin¥num base payrnents as set out below.. 2022 2021 Arnount falling due". Imthin 1 year thin 2-5 year5 524 262 524 786 Paga 21
. HEELEY DEVEL PMENT TRUST FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 ST MARCH 2022 NOTES TO THE FINANCIAL STATEMENTS 15 Revaluab"on rèsèrve UNealised surplus on revaluabon of Ihe freehold tpety.. As at 1st Apn"12021 and èt 31st Mar¢ 2022 £137,e64 Balan al 1st April 2021 Movement in resources Incoming Outgoing 8aL3nee at 31st March 2022 16 Ststement oflunds Unrestred funds.. General hjnds Designateij funds Revaluatson reserne 165.362 255.537 137,664 1.031,485 1965.5081 14,7501 231,339 250,787 137,664 558.%3 1.031,485 1970.2581 619,790 Restricled fvrnls.. COV-19 Emergency FundiNJ Management & 08veloFxnent Adutt Leaming Cyde Prqects Community Buildw)gs 27,934 10.000 166,693 5,448 15.665 127,Q341 1621 (166.5231 16.2731 117,2901 8,297 68.861 48.321 1,799.479 10,235 89.031 47,496 1.797,854 1.924.g58 245.740 1218.0821 1.952,616 Total funds £2,483.521 £1.277.225 £11.188.3401 £2.572,406 The designaied fvrKJ MJeNtifies unStriCted funds that at8 nol free funds and comprises £233,268 being expenrjitU on the purchase of Ihe ThIrVe11 Road building. £21.71% beiTrJ the net book value of equiprnent pvrthased using the chantys SerVeS and £563 donations from a fun run which have been earnrked for an event in Hedey Pw)le's Park. The restricied fvnds arise from grants provided for specthc projects to fund saL8ries, Other lt charitsble costs and the improvements io the leasehcJ prorerty. The balan$ carried forward represent the amount of monies re1Ve and not eyThJed by 31st Mar¢h 2022. or Ihe nel book value of assets wrchased vsiThJ the grant [rey. P•Je 22
HEELEY"DEVELOPMENT TR FINANCIAL STATEMENTS FOFI THE YEAR NDE 31 ST MARCH 2022 NOTÈS TO THE FINANCIAL ST 16 Statement of funds (Cc"nUedl Prior year companson.. Balanc at 1st April 2020 Movement in reSoUrS Incoming Outgoir Transfers 8a[an at 31st March 2021 Unresiricied funds.. General funds Designated funds Revaluation reseNe 113.952 249.864 137,664 990.299 1927,6441 15,5721 111,2451 11.245 165.362 255.537 137,664 501.480 g90.299 1933,216} 558,563 Restricted funds. Cowd-19 Emergency Fundin9 Management & Development Adult Leam Greenspae£ Cyde Projects Community BU11ng$ .0 1S0,C4JOI 8.297 3,750 12.8 70.573 1.801.116. 8,297 68,861 142,323 67,120 4.991 20.829 177,2121 179,9201 127,2431 122,4661 48,321 1,799.479 1,896.536 285.263 {256.8411 1,924,958 Totsl fiJtNYs £2.398.016 £1,275,562 £ll.1.057) £2.483.521 17 Analysis of net assets betr¥een ndS Fund banCeS at 31sl March 2022 are represented by". un$t¢[ed Designat ILnds fijnds Revaluab'on reserve Restricted fvnds Totsl funds Tangible fixed assets Net current assets Long term lialy'lit 727,714 137.664 1,831,SSS 121.061 2,696.933 430.984 1555,5111 (7B,¢Y21} 1477,4901 Net asseis £231,339 £250.787 £137.664 £1.952.616 £2.572.406 Piior year ccmparison.. Fun¢J balances al 31st March 2021 wwe re[ented rangle fixed assets Net cu¥rent assets Long term liabile$ 736,652 563 {481.6781 137,e64 1,817.526 107.432 2.691,842 367,648 {575,9691 259.653 194.2911 Net assets £165.362 £255.537 £137.664 £1,924.958 £2.483,521 Page 23
HEELEY DEVELOPIIENT TRUST NAN IAL STATEMENTS F R THE YEAR ENDE 1ST MARCH 2022 NOTES TO THE FINANCIAL STATEMENTS 18 A (JetaI breakdown ofthe 2021 statement of finanoal aCtsbe$ betsveen uNe$tri¢Yed and restricted fun¢Js is as lolows.. Unre5triL1ed fvnds Rèsknctèij funt1s Toial fvThJs Income from.. Donations and similar iro)me Charitable aotivitses.. Gr8nts reTrivab Feès eamed Rents receivab Other income Coronawru5 Job RetentK)n Stheme Insuran daim 3,082 3.082 285,283 285,263 782,096 146,759 782.0 146.759 57.836 526 57,836 526 Total income 990.299 285.263 1.275,562 Expenditure on. Charit3bk activities 933.216 256,841 1.190.057 Total expendilure 933.216 256,841 1.190,057 Net inc(*ne for the year £57.083 £28,422 £85,505 2022 2021 lg Recontslialion of net income to net cash fiow from operating acti%Abes' Net income for the year 88.885 85.505 Adjustments for Depreciation charges Increase in Stock De¢8$ellIneèseI in debtors (De¢aSe]lInea$e In cre(Jrtors 23,569 166,9811 125,732 1141,427) 24,804 163,6731 177.1461 187.630 .Net cash provided by 0ratirj £29,778 £156,920 Page 24
HEELEY DEVELOPMENT TRUST FINANCIAL STATEMENTS FOR THE YEAR END 31ST MARCH 2022 NOTES TO THE FINANCIAL STATEfv4ENTS 20 Analy3is ol chaThJes in ebt 2021 Cash flow5 2022 . Long tsmi borrwrrtJs Short term ty)rrowngs 575.969 21,5 120.4581 555.511 21,500 Totsl liabilit. 597.469 120.4581 577,011 Cash ana cash equivalents 1429.6941 16.325) 1436.0191 Tofal net debt £167,775 £126,783) £140,992 Page 25