Kiveton Park and Wales Community Development Trust Financial statements for the year for the period ended 31st March 2024 Charity number: 1075184 Company number: 3298583 Vokntary Action Rotherham The Spectrum, Coke Hlll, Rotherham, 560 2HX Tel- 01709 829821 FdX- 01709 829822 Emall,. adMIn￿arOtherharn.Org.uk Web: www.varotherham.org.uk Kiveton Park and Wales Communlty Development Trust Contents of the flnancial statements Page Legal and administrative details Trustees, annual report (incorporating the directors, report) Independent examiners report statement of financial activities Balance sheet Notes to the financial statements 10-17 Page 2 Kiveton Park and Wales Community Development Trust Legal and Administrative detalls Charlty number 1075184 Company number 3298583 Dlrectors ITru8tees) Joy Wright - resigned on 21 December 2023 Lindsay Turner Kathleen Payne - resigned 14 September 2023 Helen Greer-waring - resigned 14 September 2023 Jeremy Clark - appointed on 06 July 2023 Kerry Lowe - appointed on 14 September 2023 Sherie Robinson - appointed on 14 September 2023 Carolynn Ogden - appointed on 21 December 2023 Reglstered offic8 Old Colliery Offices Colliery Road Kivelon Park Sheffield S26 6LR Bankgrs Virgln Money 66 Farg8te Sheffield S12HE Iiidependeiit examlner Aayush Tekriwal Voluntary Aclion Rotherham Ltd Communily Accountancy The Spectrum Coke Hill Rotherham S60 2HX Page 3 Kiveton Park and Wales Community Development Trust Trustees, Annual Report (Incorporatlng the Dlrectors. Report) for the year ended 31 March 2024 The trustees. who are also directors of the charity for the purposes of the Companies Act, submit their annual report and financial statements for the year ended 31st March 2024. Structure. goveynance and management The organisation is a charitable company limited by guarantee, incorporated on 2nd June 1997 and registered as a charity on 21st April 1999. The company was established under memorandum of association which established the objects and powers of the charitable company and is governed under the articles of association. In the event of the company being wound up trustees are required to contribute £1 only. Recrultment & appolntment of trustees The trustees are known as Members of the Managernent Commlttee. There are no formal rules within our memorandum or articles for the rotation of trustees. Trustees normally stand for re-election at the AGM and any vacanl positions may be filled by co-option throughout the year. Due to the level of contact with vulnerable groups and the fiduciary duty of trustees we ask that new trustees, as with new staff. agree to a DBS check. Trustee Inductlon & tralnlng New trustees are invited lo attend a short induction training session following the AGM or at other appropriate times throughout the year. This is usually led by the Chair of the Management Committee and the new trustees are given an induction pack to include: The responsibilities of Management Committee members The Trust handbook that sets out the operalional framework for the Company A copy of the meorandum and articles of association The Charily Commission's publication -'The Essential Trustee" The latest published accounts A skills checklisl to identify appropriate training 111 ¢4ddilivri Iv Ihis, dny appropiiale li aiiiiiig is idenkn'fied Iliiouyliuul Ilie yedl (111(I knuiilee are encouraged to attend. Risk management The Trust has established 3 sub groups to report to the full Management Committee on the key issues of Human Resources, Finances and Policy and Planning. In each of these areas risks are reviewed and policies set in place to minimise those risks. Risk assessments are carried out of any event or new activily undertaken. Organlsatlonal structure The Trust has a Management Committee of up to 12 members who meet at least monthly and are responsible for the strategic direction and policy of the charity. At present the committee has 6 members as ilemised on page 3. During the year ending 31 March 2024. the Trust employed the following part-time members of staff: Kevin Bennett- Facility Manager Kim Warner- Social Prescribing Officer Ingrid Hitchens- Finance Officer Karen Bond- Finance Officer Page 4 Klveton Park and Wales Communlty Dèvelopment Trust Tru¥ta85' Annual Report {In¢orporatlng the Dlrectors, Report) forth8 year onded 31 March 2024 Objectives and actlvltles The objective of the Trust is to promote any charitable purpose for the benefit of the residents of the parish of Kiveton Park and Wales. A number of projects, aclivities and enterprise take place in furtherance of this.. Community enterprise development Sporting aclivilie5 Social prescribing Lunch clubs for the eldedy Community newslelter production and distributlon Consultation and support for community gTOUPS Liaison on behalf of the communitywilh key agencles e.g. The Land Trust and Sheffield City Reglon The representation of local organisalions is an essential part of mainlaining links within the community and developing appropriate strategy. At a nalional level, we are members of Locality, an umbrella organisation for community development Iriisls. The organisalion always keeps abreast of national and local governmeni policy which impaGls on the regeneration of our communily. Publlc Benoflt Statement In planning our activilie5 in the year we kept in mind Ihe Charlty Commission's guidance on public benefit. The main focus of the TrLbSt is to enhance life in the community through recrealional and leisure time aclivilies. Also to provide certain services for the community al a minlmal cost to them. The beneficiaiies cover a wide speclrum from infants lo senior citizens. Achievements and performance 2023-24 Social Prescribing has become more sustainable throughoul this period via the recovery and re.. profiling of a £25k reslricled funding program from 'Y Ofkshire and Huinbeiside ioll¥iy tlidl Iidb dLliiev¢d greater communily impact and provided a robust platform to successfully apply for a 3 year Reaching Communities grant from the National lollery. This Grant is concerned with providing long term sustainability and provide a slructure which Is robust and relevant to meet the challenge of meeting communily needs for period 2024-27. Unrestricled revenue sources, football pitch hire and office rental conlinue lo provide financial slability which is a highly effective and balanced finance model lor an effective and sustainable charily Flnancial position The financial statements are sel oul in pages 9 to 18 The total funds at the year-end sland at £700,925 (2023- £680,480). Funds consist of fixed assets lo the value of £472.541 (2023: £480,313), balances remaining on restricled funding of £42,70712023'. £43,645) and a general reserve of £192,218 (2023: £161,835). The Trust is in a position to cover all core Tunning costs secured from social enterprise. The Sports facility is fully booked evenings and weekends for the next 12 monlhs Funding received from Yorkshire & Humber Lottery in the previous year secured the extra hours of the Social Prescribing Officers for the remainder of this financial year. Page S Kiveton Park and Wales Community Development Trust Trustees. Annual Report (incorporatlng the Directors, Report) for the year ended 31 March 2024 Prlnclpal funding sources The Trust is financially self-sustained. receiving most of its income from charitable activities such as the Sport Park and rental income. Funding is applied for, as appropriate for specific projects and initiatives. Reserves pollcy It is the Trust's policy to retain between 3 and 6 months running costs in reserve. This would be to cover any staff redundancies and wind down costs in the event of the closure of the of the charity. At the end of 31 March 2024. the general resetve excluding Investments in fixed assets stands at £185,677 (2023.. £156,522). Plans for future perlods We will be looklng to furtheT expand and extend our successful Social Prescribing Hub We will also be using grant-alded funding to utilise our sports facility to offer more sport- based aclivities particularly for young people, schools, women and girls. Trustees. responslbllitles statement The trustees are also directors for the purposes of company law. Company law requlres the trustees to prepare financial statements for each financial year which give a true and fair view of the statemenl of affairs of Ihe charitable company at the end of the year and of surplus or deficit for that period. In preparing those financial statements, the trustees are required to.. select suitable accounting policies and then apply them on a consistent basls, making judgements and estimates that are prudent and reasonable. The directors must also prepare the financlal statemenls on the going concern basis unless it is inappropriate lo prcoumc that thc charilble company will contlnue in business. The trustees are responslble for keeping proper accounting records which disclose, with reasonable accuracy at any time. the financial position of the charitable Company, and enable them to ensure that the financial statements comply with the Companies Act 2006. The trustees are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud or other irregularities The trustees declare that Ihey liave approved the trustees, annnual report above. f of th éharil Signed on be trustees: Signed.. Date: Jal, Iir Name.. Trustee Page 6 Independent examlners report to the trustees of Klveton Park and Wales Communlty Development Trust I report to the charity trustees on my examination on the accounts of the charitable company for the year ended 31 March 2024. Responslbllltles and basls for report As trustees of the charitable company (and also Its dlrectors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 {'the 2006 Act,). Havlng 5ali5fied myself that the account5 of the charitable company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charitvs accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act,). In carrying out my examination S have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act. Independent examlner's statement I have completed my examination. I confirm that no matters have come to my attention Sn connection with the examlnation glving me cause to believe.. 1. accounting records were not kept in respect of the charitable company as required by Section 386 of the 2006 Act. or 2. the accounts do not accord with those records,. or 3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair view which is not matter considered as part of an independent examination; or 4. the accounts have not been prepared in accordance with the methods and principles of the St8lernent of Recommended Practice for accounling and reporting by charities (FRS102). I have no concerns and have come across no other malters in connection wilh the examination to which atlenlion should be drawn in this report in order lo enable a proper understanding of the accounts to be reached. Slgned: Date: Aayush Tekriwal Voluntary Action Rotherham Ltd Community Accountancy The Spectrum, Coke Hill Rotherham S60 2HX Page 7 Klvoton Park and Wales Communlty Development Trust Statement of Ilnanclal actlvlileg for the year ended 31 March 2024 Unr•&trfcled Funds R•Blrfct8d Fund• 2024 Unreslrfded Totsl Fundj Rastricted Funds 2023 Tol•l 14ot•• INCOMING RESOURCES Donations and legacies Charitable activlties 3,865 134.037 400 44.980 4,265 179,017 1,175 96.001 1.175 109,051 13.050 Total Incomlng resou￿0$ 137 902 46,380 183,282 97.176 13,050 110.226 EXPENDED RESOURCES Charltable activities 4 116.519 46,318 162.837 109,824 14,325 124,149 Total expendgd re$ourc88 116,619 162,837 109,824 14,325 124.149 Net (expenditurel I Income 21,383 1938) 20.446 (12,648) (1,275) (13,9231 Premlses revaluatlon galn 70,000 70,000 Transfor8 b6tweon fund8 Nat movomont In lund8 21,383 1938) 20,446 57,352 (1,275) 56.077 Total fund8 brought forward 636.835 43.846 680,481 579,483 44,921 624,404 Total fund8 carrled forward 658,218 700,926 636.835 43,646 680,481 The Slatemenl of Flnancial Actlvlties Includ6s all galn8 and losses recognised in the year The activities of the charitable company are dassed as continuing. Page 8 K5veton Park and Wale5 Communlty Development Trust Balance sheet a8 at 31 March 2024 2024 2023 Flxed Assets Tangible fixed assets Notes 472,541 472,541 480,313 480.313 Current As8et8 Debtors Cash and short term deposits 8,524 249,421 257,945 9,411 203,179 212,590 Current Ilabllltles Creditors- amounts due within one year (29,561) 112,423> Net current 8886ts 228,384 200,167 Net asset8 700,925 680,480 Represented by.. Unrestricted funds Donation reserve Restricted funds Total fund8 192.218 466,000 42.707 700,925 161,835 475,000 43,645 680,480 12 The notes on the following pages form part of these financial statements. For the period ended 31 st March 2024, the charitable company was entilled to the audlt exemption under seclion 477 of the Companies Act 2006 relating to small companies. Tlie i))¥iiib¥rs liav¥ iiul Iv4uii¥d Ilit> Luiiip¥iiy lu ubluiii uii ¥udil iii 8Lwid