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 AS￿￿oRE L CHARTERED ACCOUNTANTS AND RE ISTERED AUDITORS SHEFFIELD illi Iniii *A8JXC4F6• 30112r20r2 COMPANIES HOUSE #37 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 i1￿￿￿￿e 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 ￿1￿CtorS. 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 pu￿1¢ benefirwithin the a￿a 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 appr0￿Matety 4 hectares of green$pa￿ that Hedey Development Trust secured on a 125 year lease frorn Sheffield Cty Ctyjnol in 1997. The Tiust also has a 25 year lease for Ihe Heeley Instituie. a refurbished Grade 11 listed Wesleyan Chapel, which prowées space for cornrnunity activities. The ￿se is from Heeley and Gkadless Val￿Y Parothial Church Cwncil and ¢xJmmenrA in August 2C#J1. On 271h June 2012, the Trust look a 125 year ￿3$e on the Forner Anns Grove SchLY)I site. This enabled the first phase of building refurbishment to tegin- a 28 Studio managed I￿￿space 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 SI0￿Y 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 tsr9an￿ati0n. 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 Ir￿￿edibty frustrating. Short deadlines. delays in decision rnaking and wonk at risk to bid f funds mean Ihat the Trust has eynded huge èlfort and resour￿9 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 p￿ViouS 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 ￿a￿ts￿lI buiklirgs lor the community. This boked like the best Chan￿ we woulj have of sav¢ng these bUl￿1ng3... LUF Bids ￿re In¥riied from ead) ConSti￿eneY 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 c1rcufflstan￿5. 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 fund￿j support of conS￿l8nts 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 PrOv￿￿e 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 char*Je things for the betterwll bè a part of our fight for Hee* for the foieseeable future. The campaion can t* here- hlWS"lA￿w.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 Ipai*Upantslaud￿n￿ rnembersl Heeley Youth Club: week￿. 5 vdvnleers. arwnd 20 chikY￿n 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 r*o￿nir￿j of Ne￿eld 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 In￿Va￿. 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 part￿rship 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 le￿IveS 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 posure to t￿se 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 Thir￿11 Road. Heeley. Shef[￿1￿. S8 9TF Our advisors.. Auditors ringk Ashmcwe Ltd Chartered ACcO￿tants 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 Hee￿Y Devdcpment Trust for Ihe purwses ol C£￿￿3nY lawl are sponsible for p￿paring the Trustees, Annval Report an¢J Ihe finanual statements in accOr¢Jat)￿ with applicable law and United Kingd(￿ AccountiThJ Slarhyards Iunrted KiThJdthn Generalty Accepted AC￿unti￿j 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 I￿rn consistenuy". obselve the rnethtsds and principles in the Chaiities SORP 2019 IFRS 1021.. • make judgments and eskn"mates that a￿ ￿3$onable and PryKlenl, • stale whether ap￿￿￿ble UK AccnuntirvJ Standards have been foll¢x¥ed. subject to any matenal tJepartu￿s disc&)sed and explained in the finanual statements", prepare the fin8n(ial ststetnents on the going concem bags un*ss rt is inappropriate to presurne that the chaitywll continve In operab"on. The trustees are resportsible for keeping adequate accourw records that disdose IMU) reasonable accuracy at any tirne the finanaal posiD"on of the charty aThY enable them lo ensure that the financial statements complywith the Companies Acl 20(kS. They are also responsible for salegu8ffJirvJ the assets ol the charity and hence for takirMJ reasonab￿ steps fLY the prèvention and deteuion ol fraud aTrJ other regularitye5. In so far as the trustees are aware. • there is no ￿￿vartt audit Infofrnatic￿ of %thich Ihe chanvs audrtor is unaware", and tre trustees have tsken all steps Ihat they ought to have taken to make theMSe￿e3 aware of any rdevant 8u(lit inlortnatK¥) aThJ to e$la￿lsh thatthe aLHJrtor is aware of that Inf￿natiOn. 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. InCl￿dI￿ 51gnificant aecounting polic*s. 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 ￿$OUrCeS and appI￿ation of ￿e5￿jrc85, indUd￿9 its irthme and e￿n0th￿. for the year then e￿ed., have been properly prepared in accordance wth United Generalty A￿pted Accountiry Pracbce." and have L*en prepared in a￿ordance wlh the requirements ol Companies Acl 2006.. B•sl$ for opinion We conducted our aLKltl in aCCo￿anCe with Intemational Standards on Auditiry IUKI IISAS IUKII arKI applirable law. Our ￿SponsIbl11bes under those standards are fvjthr desryibed in the A￿jItOrfs 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[￿O￿late. 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 cOrnpan￿s abilty to continue as a gory c0￿M 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 con￿rn 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 fina￿181 slaternents or our kn￿edge 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 o￿niOn. 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 kno￿ed9e and undersianding of the Chantab￿ c¢ympany aThJ ts enwronmenl obtained in the eourse of the aud( we have not Klentsf*d material M￿5￿tements ￿ 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 re￿iVed 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 di￿￿Or5. report and from the requirement to prepare a strategK repo Responsibilities of Trustees As explaine¢J rnore fulty in the Truslees, reSponsi￿￿tieS slaternent Set out on page 7, the T￿￿te*S (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 fra￿j or effor. In prepaiing the financial staternents. the Trustees are responsible for assessing the charitabk companys abilty to continue as a going con￿rn. disdossng, as applicable, matters ￿lated to going concern aThJ using the going cDncem basis of accounting unlèss the Trustees ethef intend to I￿]U￿￿ate the charitsble cThmpany or to cease ￿ra￿"On$. cw have no realistic alternati￿ to do so. Auditofs responsibilities forthe audff¢ of the financial Ststernents Our objectives are to obtain reasonable assurarKe about whether the financial ststements as a bthole are free from material mi5ststernen( ￿ether due to fraud L¥ error, and to issue an audrtorfs report that includes our opinion. Reasonable assuran￿ is a high level ol assurance. but is not a guarantee thai an audtt coThJucted in accordane£ wth ISAS IUKI will a￿￿￿S detect a matenal misstakment ￿en il exists. Misstalemenls can arise trom fraud or etror and are ConsKje￿d material rf, in¢JMdualty or in the aggregate. they could reasonably be gW8Lt811 to influence the ecoTh)mK deas1¢￿S of users laken on ihe basL8 ol these financjal Stat￿Trents. Srregulaith"•s, including fravd, are instsnces of nor&Trcompliance laws ancl wulations. We design Pro￿dUreS in line wth ¢JJr iesponsibilthes, ouuined above. to detect m3terial misstatements in respect of ir￿guI8rrtie$. 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 K*ntified that the principal risks ol non-complian￿ wlh laws and wulaiions related to heanh and safety and we ConS￿ere￿ the e￿ent 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 fraUdU￿nt 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 susp￿10￿ of Instances of non-Ct)mpliance wilh laws and regulations and traLKI", Evalua￿"n9 mana9emenfs controls desKJnetY to r*event and ¢Yetect ¥re9uJanties; Reviewng cOr￿SpOndence from funders for significant re￿Ipts.. I￿en￿￿'n9 and testing journals. In part￿L￿r those brge Om￿Jnts. 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 r￿UlatIOn 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 Intenti￿al ex)n￿alment. lorgery. collusion. omt5sion ￿ misrepresentation. As part of an audit in acco¥dan￿ wih ISAS (UK). we exercise professKJnal I￿jgment 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 h￿j￿r 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 re￿vant to the audit in order trj deS￿n audit procedures that are appropriate in the circumstances. but not for Ihe purpose of e>pres*rrfJ an opinion on the efiectweness of Ihe charrtable umpany s intemal ctsntrol. Evaluate ihe appropnateness of accounbng polic4es used and the reaSOna￿enesS ol accounts"n9 èstsmates and related disclosu￿9 made by Ihe trustees. Condude on the appropriateness ofthe trus¢ees' use ofthe going concem basis of a¢￿Un￿n9 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 C￿1panY5 abilty lo ¢onts"nue as a gryry con￿rn. If condude that a material uncertainty e￿Sts. we 8re reqvired to draw attention in our auditorfs report to the rdaled disc105vres in the finanual Sts￿ments 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 S￿nIfiC￿nI audrt findiThJs. induding any signfficant defic4enoes In Intemal control that*t 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 compan￿5 membets Ihose manets we a￿ wuired to stste to thern in an auditorfs report and for no other purpose. To the fUl￿st extsnt permrtted by law. do not a¢￿pt or assume responsibility 10 anyone Olher Ihan the charitsble company and the charitaNe compan*s 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 Ac￿Un￿Nts 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 act￿t￿$". Grants recewable Fees eamed Rents receivab 245.740 245,740 843.495 169.142 285,263 782.096 146.759 843.495 169.142 Other Ineome Coronawrus Job Retents"on Schwne Insuran(e daim 236 .236 57,836 526 Totsi incorné 1,031.485 245,740 1,277,225 1,275,562 Expenditu￿ on.. CharitstAe actwrt 970.258 218.082 1.188,340 1.190.057 Total exFeThJiture 970,258 218.082 1,188,340 1,190,057 . Net income for the year 61,227 27.658 88.e85 85,505 Total fijnds broughl forward 558.563 1.924.958 2.483.521 2.398.016 Total lun¢Js carrie(J foTh¥a £619.790 £1.952,616 £2,572.406 £2,483.521 Th¢ Ststernent of Finanaal Ath¥￿e$ Ind￿se$ all gains a￿5 Ictsses recc¥Jnised In Ihe ￿ar. All inc(xn& and expenditur• de¥we fr¢)m contiThJing actIv￿e$. Page 12 HEELEY DE NT TRUST FINANCIAL STATEMENTS FOR THE YEAR ENDED 1sT￿R BALANCE SHEET Notes 2022 2021 Fixed assets Tangibje assets 2.696.933 2.691.842 Current assets Stock Debtors Cash at bank arKI on haTrJ 166.417 176.026 436,019 99.436 301,758 429,694 778.462 830,888 Credito¥s- amtyJnts fallry due v*thin one year 10 347.478 463,240 Net cuffent assets 430.984 367,648 Totsl assets less ojrrent Ibabilities 3,127,917 3,059,490 c￿01t0￿- amounts fall*rfJ due after more Ihan one year 11 555.511 575,%9 Net assets £2.572.406 £2.483,521 Income luThJs Unrestricted fun¢Y$ 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' r￿irne. 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 equlva￿nts 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 I￿land 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 s￿maryOfthe m¢ye ￿TrIportant accounting pdicies used by the tharity. Going COn￿M The finanryal staterr7ents havè been PrePar￿j on ￿ g19 Power to Change Management & DeVe￿pment C¢>op Foundation Support Grant Adult Learniry sheffie￿ cty Counul Communty champ￿A5 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 E￿13￿1 NHS shef[￿ld- Translom)akn"on FurK1 G&)d Things F￿n￿a￿On Soulh Yorkshire Communty FIXN￿at 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￿ Tn￿1 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 actyvil*s 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 pU￿10ty Mis￿lIaneOUS 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$4 566.119. 487 1,603 24 1691 1.105 693 3,916 2,030 552.641 584.444 403 1,384 2.210 1.223 492 2,930 9,810 983 24.604 2,045 14.631 23,569 2,455 Govemance.. Salanes a￿1 natson81 Insuran Audit and accountancy 3.359 3,359 3.800 3.263 3,625 £970.258 £218.082 £1,188,34D £1,190,057 Total eypenditu Salary Costs Direct Costs Oihèr costs To￿1 2022 Total 2021 Cowd-19 Emergency Funding anagement & Develowent Adult LearnirvJ G￿en$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 - aw￿Un￿r￿Y 2.780 1.020 23.569 2,635 990 24.604 OeFKeciabon Analy515 01 staff ctssts, trustee ￿m￿neral￿)n and eynses. and Ihe ujsl ol key management k*rsonnel Salaries Ernployerfs national insulance Ernployerf5 pen￿0￿ 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 manag￿ent personnel ofthe tharity C￿priSe Ihe Tru5tee5. Ihe Tw5t Manag•r, the Financ£ Manager. the LeamiThJ Manager. the Cyde Projects Manager and the Operab"ons Manager. The totsl ern￿oyee bene￿ts oflhe key management personnel £180,91012021'. £775.6561. Related party transactions The total arn￿nI ol Oonations ￿Ce￿e￿ from ¢Nstees &￿thout conditsons was £19012021 . £5551. There were no otr*r ￿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 Add￿On$ 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 I￿k 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 saU￿lers. Charte￿d Surveyors. It will be independenly valueij In ihe folk)wng year once the redeveloynent of Ihe srte has been ccKnpleted. In the opIn￿n 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 ￿p￿Sents 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 De￿rnber 2022, at which t¥ne the.posItic￿ ￿11 be reve*Ed. Throughout this pe￿d. 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 T￿Ned 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 t￿pety.. 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 Unrestr￿ed 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 un￿StriCted funds that at8 nol free funds and comprises £233,268 being expenrjitU￿ on the purchase of Ihe ThIr￿Ve11 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 earn￿rked for an event in Hedey Pw)le's Park. The restricied fvnds arise from grants provided for specthc projects to fund saL8ries, Other ￿l￿t charitsble costs and the improvements io the leasehc*J prorerty. The balan￿$ carried forward represent the amount of monies re￿1Ve￿ and not eyThJed by 31st Mar¢h 2022. or Ihe nel book value of assets wrchased vsiThJ the grant [r￿ey. 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 reSoUr￿S 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 BU1￿1ng$ .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 ba￿nCeS at 31sl March 2022 are represented by". un￿$t￿¢[ed Designat IL*nds fijnds Revaluab'on reserve Restricted fvnds Totsl funds Tangible fixed assets Net current assets Long term lialy'lit 727,714 137.664 1,831,SSS 121.061 2,696.933 430.984 1555,5111 (7B,¢Y21} 1477,4901 Net asseis £231,339 £250.787 £137.664 £1.952.616 £2.572.406 Piior year ccmparison.. Fun¢J balances al 31st March 2021 wwe re[￿ented rang￿le fixed assets Net cu¥rent assets Long term liabil￿e$ 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 aCts￿be$ betsveen uNe$tri¢Yed and restricted fun¢Js is as lolows.. Unre5triL1ed fvnds Rèsknctèij funt1s Toial fvThJs Income from.. Donations and similar iro)me Charitable aotivitses.. Gr8nts reTrivab Feès eamed Rents receivab Other income Coronawru5 Job RetentK)n Stheme Insuran￿ daim 3,082 3.082 285,283 285,263 782,096 146,759 782.0 146.759 57.836 526 57,836 526 Total income 990.299 285.263 1.275,562 Expenditure on. Charit3bk activities 933.216 256,841 1.190.057 Total expendilure 933.216 256,841 1.190,057 Net inc(*ne for the year £57.083 £28,422 £85,505 2022 2021 lg Recontslialion of net income to net cash fiow from operating acti%Abes' Net income for the year 88.885 85.505 Adjustments for Depreciation charges Increase in Stock De¢￿8$ellIn￿eèseI in debtors (De¢￿aSe]lIn￿ea$e In cre(Jrtors 23,569 166,9811 125,732 1141,427) 24,804 163,6731 177.1461 187.630 .Net cash provided by 0￿ratir￿j £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