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← Nottingham Wildcats Community Basketball And Sports Trust

2024-08-31-accounts

Nottingham Wildcats Community Basketball and Sports Trust Ltd

(A company limited by guarantee)

Report and Financial Statements

For the year ended 31 August 2024

Charity Number 1084334

Registration Number 4120489

Nottingham Wildcats Community Basketball and Sports Trust Ltd

(A company limited by guarantee)

Report and Financial Statements

For the year ended 31 August 2024

Company Information

Trustees Christopher David Prior John Arthur William Butters Nichola Jane Rose Aaron Wharton Graham Blankley Martin Ian Ford Jake Meskell Secretary Aaron Wharton Company Number 4120489 Charity Number 1084334 Registered Office Nottingham Wildcats Arena Greenwood Road Bakersfield Nottingham NG3 7EB Bankers Royal Bank of Scotland Accountants Iliffe Poulter Ltd 1A Bonington Road Mapperley Nottingham NG3 5JR

Nottingham Wildcats Community Basketball and Sports Trust Ltd

(A company limited by guarantee)

Report and Financial Statements For the year ended 31 August 2024

Contents

Page
Trustees' Report 1 - 2
Chairperson's Report 3 - 4
Independent Examiners Report 5 - 6
Income and Expenditure Account 7
Balance Sheet 8 - 9
Notes to the Financial Statements 10 - 18

Nottingham Wildcats Community Basketball and Sports Trust Ltd

(A company limited by guarantee)

Report of the Trustees for the year ended 31 August 2024

The trustees, who are also directors of the charity for the purposes of the Companies Act, submit their annual report and the financial statements For the year ended 31 August 2024. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standards (FRS 102) (effective 1 January 2015)

The charity is a charitable company limited by guarantee and was incorporated on the sixth of December 2000. The liability of the company in respect of the guarantee, as set out in the memorandum, is limited to £1 per member. Its objects are the establishment and maintenance of a sports centre in order to advance education and training and to provide facilities in the interest of social welfare for recreation and other leisure time occupation with the object of improving the conditions of life for the inhabitants of the eastern area of the City of Nottingham. The directors of the charitable company are its trustees for the purpose of charity law. The trustees who have served during the year and since the year end were as follows:

Reference and administrative details of the charity, its trustees and advisors

Trustees Christopher David Prior Chairman
John Arthur William Butters
Nichola Jane Rose
Aaron Wharton Secretary
Graham Blankley
Martin Ian Ford
Jake Meskell

Trustees responsibilities

The Governing Document of the company is the Memorandum and Articles of Association. Under this document the business of the company shall be managed by the council of Management. The council of management shall consist of not less than eight people drawn from the following bodies

Six representatives of Nottingham Wildcats One representative from Nottingham Hoods

The Nottingham City Council and Nottingham County Council appoint a representative each to attend Board meetings in a non voting capacity.

Page 1

Nottingham Wildcats Community Basketball and Sports Trust Ltd

(A company limited by guarantee)

Report of the Trustees for the year ended 31 August 2024

continued……

Structure, governance and management

Company and charity law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the surplus or deficit of the charity for that period. In preparing those financial statements, the trustees have:

The trustees have overall responsibility for ensuring that the charity has appropriate system of controls, financial and otherwise. They are also responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The charity has clear objectives, priorities and plans. It pays close attention to performance and customer satisfaction so as to maintain high operational standards. Through its timely and accurate monitoring and reporting, financial risk is kept to a minimum. Communication with its supporters and beneficiaries means the charity can reduce its environmental and external risk. At all times the charity will comply with relevant laws and Acts.

Objectives and Activities

To promote for the benefit of the inhabitants of the East area of the City of Nottingham and surrounding areas, in particular young persons, without distinction of sex, sexual orientation, race or of political religious or other opinions, by association together the said inhabitants and the local authorities, voluntary and authorities, voluntary and other organisations in a common effort to advance education and training, and to provide facilities in the interest of social welfare for recreation and other leisure time occupation with the object of improving the conditions of life for the said inhabitants.

Page 2

Nottingham Wildcats Community Basketball and Sports Trust Ltd

(A company limited by guarantee)

Chairperson's Report for 1st September 2023 to 31st August 2024

It has been another strong financial year for the Trust, mainly due to the income generated from the Trust’s basketball facility the Nottingham Wildcats Arena. The surplus generated allowed the Trust to spend £85,000 during the early summer of 2024 on major upgrades to he main sports hall. These included new LED lighting, which has reduced electricity consumption considerably and also allowed forvariations to the light settings for different events. New state of the art score boards have also been added and the whole floor sanded and resealed. These improvements have enabled the Wildcats Arena to remain one of the premier basketball facilities in the UK.

These changes where identified through a comprehensive audit of the current provision and infrastructure of the Wildcats Arena undertaken by the Trust. In the next phase of work, it is planned to increase the static seating capacity to 1000, renovation and improvements to the changing and toilet facilities and a redesign of the reception area which will include improved café facilities.

The Trust has managed to achieve this financial investment whilst meeting one of its primary objectives of enabling local people to access the facilities, by keeping the cost of hire affordable. Our pricing structure is the Arena a genuine community facility,lower than comparable facilities in Nottingham, making which is illustrated by the diverse range of activities at the Arena.

The partnership the Wildcats Trust has with the Greenwood Academies Trust and the Nottingham Academy school is a fundamental part of the success of the Wildcats Arena. This collaboration welcomed Basketball England as a new partner for the academic year beginning in September 2023. Under BE’s patronage the Nottingham Academic Wildcats programme became a DiSE academy. The Diploma in Sports

Excellence (DiSE) is a Level 3 qualification where student athletes have the opportunity to advance to a university pathway. There are 64 tariff points allocated by UCAS for the qualification, which complements the student athletes’ main study programme qualifications.

The Trust’s wish to thank all the people who contributed to the Trust’s successful submission, especially the additional work undertaken by the Director of the Academy, Siobhán Prior. Whilst the tender was commended for its quality and innovative approach, the only downside was that the Diploma in Sporting Excellence (DiSE) was only awarded to the female side of our programme and not to the male provision. Work is already underway to ensure that when a resubmission is required both gender provisions will be successful. It cannot be overstated how vital to the NAW programme the partnership with DiSE is. Not only does it give our programme additional status and kudos, making it easier to attract quality student athletes to our programme. It is also financially crucial; in fact, without the It is also financially crucial; in fact, without the income received the NAW programme may well have ceased to exist.

The current Service Level Agreements between the Wildcats Trust and Greenwood Academies Trust runs until the end of the 2026 academic year with discussions already under way to extend duration of the agreement and increase the student athlete capacity.

Page 3

Nottingham Wildcats Community Basketball and Sports Trust Ltd

(A company limited by guarantee)

Chairperson's Report for 1st September 2023 to 31st August 2024

continued……

During the year five players and one coach from the Wildcats, represented Great Britain or England in international tournaments, once again showing the quality of the junior programmes at the club. The U18 National League team also made it to the Final Four tournament, held at the National Basketball Performance Centre in Manchester, which round off another successful season for the club’s age group teams.

The Trust’s partnership with the University of Nottingham entered a new phase when the two organisations agreed to jointly fund a senior coaching post. The postholder has responsibility for the women’s basketball programme at the university and is the Head Coach of the Nottingham Wildcats senior women’s team. The Wildcats team play in the top women’s division in the UK, the WBBL.

Finally, the Trustees wish to thank everyone associated with the basketball programme, but especially the volunteers who give up their time and energy to coach, wash kit, drive mini-bus and everything in between. The Trust is gradually employing staff to take on roles within the basketball programme, but there will always be a significant role for the volunteers of the club. Without you none of it would be possible.

As with all successful organisations, it is the staff’s contribution that lays the foundation for that success. So, on behalf of the Board of Trustees, I wish to thank all the staff at the Nottingham Wildcats Arena and particularly the full-time staff members who do way beyond their contracted hours. The Arena also has an army of volunteers, who do any job that needs to be done and their contribution cannot be underestimated, when measuring the Arena’s success. Thank you one and all.

Chris Prior Chairperson to the Trust

Date: 23rd June 2025

Page 4

Nottingham Wildcats Community Basketball and Sports Trust Ltd (A company limited by guarantee)

Independent Examiner's Report to the Trustees on the unaudited accounts

We report on the accounts for the year ended 31 August 2024 set out on pages 1 to 18.

This report is made solely to the company's Trustees, as a body, in accordance with section 145 of the Charities Act 2011 and regulations made under section 154 of that Act. My work has been undertaken so that I might state to the company's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the company and the company's Trustees as a body, for my work or for this report.

Responsibilities and basis of report

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

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

Page 5

Nottingham Wildcats Community Basketball and Sports Trust Ltd (A company limited by guarantee)

Independent Examiner's Report to the trustees on the unaudited accounts

Continued……..

Independent examiner's statement

Since the company's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of ICAEW, which is one of the listed bodies.

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

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

Iliffe Poulter Ltd Chartered Accountants Date: 23rd June 2025

1A Bonington Road Mapperley Nottingham NG3 5JR

Page 6

Nottingham Wildcats Community Basketball and Sports Trust Ltd

(A company limited by guarantee)

Statement of Financial Activities Incorporating an Income and Expenditure Account for the year ending 31 August 2024

Unrestricted
Funds
Incoming Resources (Notes 2 & 3)
Activities in furtherance of the
charity's objectives
- Coaching & salary grants
0
- Fees
489,279
Activities for generating funds
- Income from sales of
21,502
confectionery and drinks
- Government grants
0
- Bank Interest
1,214
Total Incoming Resources
511,995
Resources Expended (Note 4 & 5)
Costs of activities in furtherance of
the charity's objectives
-244,838
Costs of activities for generating
funds
-16,449
Support costs
-145,630
Resources expended on managing &
administering the charity(Note8)
-63,282
Total Resources Expended
-470,198
Net Incoming Resources
Before Transfers
41,797
Gross Transfers
between funds
0
Net Income/ (Expenditure)
for the year
41,797
Total funds B/Fwd
-29,871
Total Funds C/Fwd
11,926		 Restricted
Funds
0
0
0
0
0
0
-105,416
-105,416
-105,416
0
-105,416
1,209,895
1,104,479		 2024
2023
Charity
Charity
£
£
0
0
489,279
477,855
21,502
18,066
0
1,214
576
511,995
496,497
-350,254
-357,761
-16,449
-18,557
-145,630
-134,792
-63,282
-73,462
-575,614
-584,572
-63,619
-88,075
0
0
-63,619
-88,075
1,180,024
1,268,099
1,116,405
1,180,024

All recognised gains and losses are included within the above

Page 7

Nottingham Wildcats Community Basketball and Sports Trust Ltd

(A company limited by guarantee)

Balance Sheet for the year ended 31 August 2024

Fixed Assets (Notes 9 & 10)
Land
Buildings
Plant & Equipment
Computers
Current Assets
Stocks
Trade Debtors
Cash at Bank & in Hand
Creditors: amounts falling due
within one year
Trade Creditors
Other Creditors
Wages & Salaries
Payments In Advance
Net current assets/liabilities
Assets less current liabilities
Long term liabilities/provisions/deferred income
Long Term Bank Loan
Net Assets
Funds of the Charity
Unrestricted Income Funds
Restricted Income Funds
Restricted Income Funds Revaluation Reserve
Total Funds		 2024
Charity
£
100,000
4,281,933
29,429
100
4,411,462
900
1,416
85,168
87,484
-16,767
-7,217
-659
-350
-24,993
62,491
4,473,952
-18,979
4,454,974
11,926
1,104,479
3,338,569
4,454,974		 2023
Charity
£
100,000
4,381,379
6,685
200
4,488,264
900
527
71,128
72,555
-4,830
-7,418
-649
-350
-13,247
59,308
4,547,572
-28,979
4,518,593
-29,871
1,209,895
3,338,569
4,518,593

Page 8

Nottingham Wildcats Community Basketball and Sports Trust Ltd (A company limited by guarantee)

Balance Sheet (continued) for the year ended 31 August 2024

In approving these financial statements as trustee of the company I hereby confirm:

(a) for the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

(b) that we acknowledge my responsibilities for:

(1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;

(2) The directors acknowledge their responsibilities for complying with the requirement

of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The revised accounts replace the original accounts, they are now the statutory accounts and they have been prepared as at the date of the original accounts, and not as at the date of the revision and accordingly do not deal with events between those dates. There are no significant amendments to these revised accounts.

The financial statements were approved by the Board on 23rd June 2025 and signed on its behalf by:

CD Prior Chairperson

Registration Number 4120489

Page 9

Nottingham Wildcats Community Basketball and Sports Trust Ltd (A company limited by guarantee)

Notes on the Financial Statements For the year ended 31 August 2024

Notes to the Accounts

1) Accounting policies

(a) Basis of preparation

The financial statements have been prepared under the historical cost convention, with the exception of investments, land and buildings which are included at market value. The financial statements have been prepared in accordance with the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard (the FRS 102) (effective 1 January 2015)

The statement of financial activities (SOFA) and balance sheet consolidate the financial statements of the charity and its subsidiary undertaking. The results of the subsidiary are consolidated on a line by line basis.

The charity has availed itself of Paragraph 4 (1) of Schedule 1 of the small companies and groups regulations 2008 and adapted the Companies Act formats to reflect the special nature of the charity’s activities. No separate SOFA has been presented for the charity alone as permitted by Section 408 of the Companies Act 2006 and paragraph 397 of the SORP.

(b) Company status

The charity is a company limited by guarantee. The members of the company are the trustees named on page 1. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity.

(c) Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.

Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Page 10

Nottingham Wildcats Community Basketball and Sports Trust Ltd (A company limited by guarantee)

Notes on the Financial Statements For the year ended 31 August 2024

Continued……..

(d) Incoming resources

All incoming resources are included in the SOFA when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. For legacies, entitlement is the earlier of the charity being notified of an impending distribution or the legacy being received.

Gifts in kind donated for distribution are included at valuation and recognised as income when they are distributed to the projects. Gifts donated for resale are included as income when they are sold. Donated facilities are included at the value to the charity where this can be quantified and a third party is bearing the cost. No amounts are included in the financial statements for services donated by volunteers.

(e) Resources expended

All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with use of the resources. Premises overheads have been allocated on a floor area basis and other overheads have been allocated on the basis of the head count.

Fund-raising costs are those incurred in seeking voluntary contributions and do not include the costs of disseminating information in support of the charitable activities. Support costs are those costs incurred directly in support of expenditure on the objects of the charity and include project management carried out at Headquarters. Management and administration costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements.

(f)

Tangible fixed assets and depreciation

Tangible fixed assets costing more than £1,000 are capitalised and included at cost including any incidental expenses of acquisition.

Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost on a straight line basis over their expected useful economic lives as follows:

Freehold land unlimited
Leasehold buildings over 50 years
Plant and equipment over 5 years
Computers over 3 years

Page 11

Nottingham Wildcats Community Basketball and Sports Trust Ltd (A company limited by guarantee)

Notes on the Financial Statements For the year ended 31 August 2024

Continued……..

(g) Investments

(h) Stock

(i) Pension costs

The company operates a defined contribution scheme for the benefit of its employees. The costs of contributions are written off against profits in the year they are payable.

2) Sources of Incoming Resources

The main sources of incoming resources are summarised below, where not recorded on the face of the Income and Expenditure Account:

Unrestricted funds:

Source
2024
2023
(£'s)
(£'s)		 Source
2024
2023
(£'s)
(£'s)		 Source
2024
2023
(£'s)
(£'s)
Coachingand salary grants 0 0
Total coachingand salary grants 0 0
Basketball court hire
Gym membership fees
Dance studio hire
Classroom hire
Other income
Income confectionery and drinks
Government grants
Bank interest		 424,482
22,743
17,938
12,000
12,116
21,502
0
1,214		 416,854
25,083
12,852
12,600
10,466
18,066
0
576
Total Fees Income 511,995 496,497

Page 12

Nottingham Wildcats Community Basketball and Sports Trust Ltd (A company limited by guarantee)

Notes on the Financial Statements For the year ended 31 August 2024

Continued……..

3) Recognition of Liabilities

Liabilities are recognised in accordance with the accruals concept. This is defined as the point where there is a legal or constructive obligation committing the charity to expenditure. Where the final amount is known (or can be estimated with a reasonable degree of certainty) then a liability is accrued. If this is not possible a provision is created.

Specifically employee costs are recognised as a liability based upon hours worked.

Purchases from third parties are recognised once an order has been placed (as long as there is reasonable certainty that the order will be fulfilled).

The charity has not to date given out any grants.

The categories of costs included with the resources expended headings are defined below:

Costs of generating funds

ꞏ Purchase of drinks and confectionery for sale within the centre’s kitchen and vending machines

ꞏ An apportionment of staff cost for time spent operating the kitchen and filling the vending machines

Activities in furtherance of the charity’s objectives

ꞏ Apportionment of staff costs for direct provision of coaching or supervision of physical activity (e.g. coaching basketball or overseeing the gym)

ꞏ Costs involved with keeping the facilities in a fit state for public use (including cleaning materials and cleaners’ wages)

Support costs

ꞏ Security costs (including insurance) ꞏ Utilities costs

ꞏ Office associated costs

Page 13

Nottingham Wildcats Community Basketball and Sports Trust Ltd (A company limited by guarantee)

Notes on the Financial Statements For the year ended 31 August 2024

Continued……..

Management and administration costs

ꞏ Costs of accountancy.

ꞏ Apportionment of staff costs involved in managing and administering the charity (as opposed to running the centre)

ꞏ Registration with Company’s House

Staff costs are apportioned across the various headings on the basis of staff time.

5) Trustee remuneration

The trustees received emoluments during the year £Nil (2023: £Nil).

No trustees have received any expenses during this accounting period.

6) Staff Costs

The total staff costs are given below:

Type 2024 2023
Gross wages & salaries
Employer's national insurance
Pension contributions		 195,194
16,384
3,513		 200,631
10,873
3,882
Total Staff Cost 215,091 215,386

During the year there was an average of 9 full and part time employees.

The following gives the breakdown of numbers of higher paid staff:

SalaryBandper Year FTE's
£20,000 - £30,000
£30,000 - £40,000
£40,000 - £50,000		 2
2
1

Page 14

Nottingham Wildcats Community Basketball and Sports Trust Ltd

(A company limited by guarantee)

Notes on the Financial Statements For the year ended 31 August 2024

Continued……..

The average number of employees, calculated on a full time equivalent basis, analysed by function was;

by function was;
2024 2023
Number Number
Charitable activities 6 6
Cost of generating funds 1 1
Management and administration of the charity 3 3

No employees were paid over £50,000 during this accounting period.

7) Pension costs

During the accounting period, £3,513 (2023: £3,882) company contributions were made to NEST.

8) Support Costs

The costs attributed to the support cost heading is made up of the following:

Source
Unrestricted Amount (£)
2024
2023		 Source
Unrestricted Amount (£)
2024
2023
Employee costs
77,456
Office expenses
14,960
Insurance
12,692
Utilities
40,521		 69,161
12,709
11,248
41,674
Total support costs
145,629		 134,792

Miscellaneous purchases are items bought for the enhancement of the centre (out of unrestricted funds), after it had opened. Items categorised here include tops for volunteers, plants, basketball entrance fees and trophies.

Page 15

Nottingham Wildcats Community Basketball and Sports Trust Ltd (A company limited by guarantee)

Notes on the Financial Statements For the year ended 31 August 2024

Continued……..

9) Management and Administration Costs

The costs attributed to the management and administration cost heading is made up of the following:

Source
Unrestricted Amount (£'s)
2024
2023		 Source
Unrestricted Amount (£'s)
2024
2023
Employee costs
60,762
Accountancy
2,507
Companies House - registration
13		 70,989
2,460
13
Total Management & Admin
63,282		 73,462

10) Tangible Fixed Assets

Land
Buildings
Plant & Equip Fixtures & Fittings
£
£
£
£		 Land
Buildings
Plant & Equip Fixtures & Fittings
£
£
£
£		 Land
Buildings
Plant & Equip Fixtures & Fittings
£
£
£
£		 Land
Buildings
Plant & Equip Fixtures & Fittings
£
£
£
£		 Land
Buildings
Plant & Equip Fixtures & Fittings
£
£
£
£		 Total
£
Cost
At 1 Sep 2023
Additions
Disposals
At 31 Aug 2024
Depreciation
At 1 Sep 2023
Charge
W/back on reval
Disposals
At 31 Aug 2024
Net Book Value
At 31 Aug 2024
At 31 Aug 2023		 100,000 4,972,269 74,676
28,615		 5,630 5,152,575
28,615
100,000 4,972,269 103,291 5,630 5,181,190
590,891
99,445		 67,991
5,871		 5,430
100		 664,312
105,416
0
0
0 690,336 73,862 5,530 769,728
100,000 4,281,933 29,429 100 4,411,462
100,000 4,381,378 6,685 200 4,488,263

The land and buildings are held under a 99 year peppercorn lease.

Page 16

Nottingham Wildcats Community Basketball and Sports Trust Ltd (A company limited by guarantee)

Notes on the Financial Statements For the year ended 31 August 2024

Continued……..

11) Debtors
2024 2023
£ £
Trade Debtors 1,416 527
1,416 527
12) Creditors: amounts falling due within one year
2024 2023
£ £
Trade Creditors 16,768 4,830
Other Creditors 7,217 7,418
Pension Creditor 659 649
Payments In Advance 350 350
24,994 13,247
13) Statement of funds
At 1 Sep At 31 Aug
2023 Income Expenditure 2024
£ £ £ £
Total unrestricted funds -29,871 511,995 -470,198 11,926
Total restricted funds 1,209,895 0 -105,416 1,104,479
1,180,024 511,995 -575,614 1,116,405

Page 17

Nottingham Wildcats Community Basketball and Sports Trust Ltd (A company limited by guarantee)

Notes on the Financial Statements For the year ended 31 August 2024

Continued……..

The charity is not registered for VAT purposes; therefore all VAT is unrecoverable. As such it is charged to the same expenditure heading as the item it relates to.

15) Related Party Transactions

From 4th September 2019 S Prior had been in paid employment within the charity, in the capacity of academy director. Her role is director of the academy & development programme lead. She is the daughter of the Chair of the Trust, Chris Prior.

This post was advertised in the local press and all applicants underwent an impartial recruitment and selection process, which Chris Prior was not involved in.

For this accounting period the charity made a gross salary payment of £35,160 (2023: £30,000), National Insurance Contributions of £3,160 (2023: £2,928).

Page 18