COMPANY REGISTRATION NUMBER: 04133681 CHARITY REGISTRATION NUMBER: 1087340 Woodthorpe Development Trust Company Limited by Guarantee Unaudited Financial Statements 31 March 2024 ALLEN, WEST AND FOSTER Chartered accountsnts Omega Court 364-366 Cemetery Road Sheffield S118FT
Woodthorpe Development Trust Company Limited by Guarantee Financial Statements Year ended 31 March 2024 Page Truste8s' annual report (Incorporating the directofs report) Independent exarninefs report to the twstees Statement of financial activities (including income and expendilure account) Statement of financial position Notes to the financial statements 10
Woodthorpe Development Trust Company Limlted by Guarantee Trustees. Annual Report {Incorporatlng the Director's Report) Year ended 31 March 2024 The trustees. who are al80 the directors for the purposes of ¢ompany law, present their report and the unaudited financial statements of the charity for the year ended 31 March 2024. Reference and admlnlstrative detai18 Registored charlty name Woodthorp8 Devek)pment Trust Charlty rnglstration number 1087340 Company registratlon number 04133881 Princlpal office and registorèd office 12 Ulley Road Woodthorpe Sheffield S13 8BB Thè tnmtees S Potesta - Chalr P Jackson - Treasurer L Bell- Vice Chair G Harris - Trustee Independent examiner Stephen Allen ACA FCCA Omega Court 364-6 Cemetery Road Sheffield S118
Woodthorpe Development Trust Company Limited by Guarantee Trustees. Annual Report (Fncorporating the Dlrector's Report) (continuèd) Year ended 31 March 2024 stru¢ture. governance and managemont Govemlng Document Woodthorpe Development Trust is a charftable company limited by guarantee. It was in¢oTporat8d with Memorandum and Articies of Assoclation on 29 D8C8mber 2000. The company took over the activities of the unincorporated charity Woodthorpe FONM on 1 October 2001. The company has no share capital. Th8 guarantee of each member is limited to £1. Appolntment of Manogoment Commlttee The directors of the company ar8 also charity truste8s for the purposes of Charity law and under th8 companies Arli¢les are known as the Trustees. Under the requirements of the Memorandum and Articles of Association the Trustees must retire and be reappointed at each annual general meeting of the company. The maximum number of Trustees is 12. The Twstees may appoint persons as Trustees, either to fill a vacancy or as an additional Trustee, provtded that the maximum number of Trustees Is not exceeded. A Trustee so appointed must r8tir8 2nd be re-appointed at the next annual general meeting. Trustee Induction and Tralnlng New trustees are encouraged to attend short training sessions to familiarlse themselves with the charity and the context within which it Operates. These cover: The obligations of Trustees The main documents which set out the operational framework for the Charity induding the Memorandum and Artlcles. Resourcing and the curr8nt financial position as set out in the latest published financlal statements. Future plans and objectives Trustees are provided with the Charity Commisslons guide 'lhe Essential Trustee" along with a copy of the Memorandurn and Articlos of Association and the latest financial statements. Risk Managoment The Management Committee has conducted a review of the major rfsks to which the charity is exposed. A risk register has been eslabllshed and this will b8 updated at least annually. Wherè appropriate, systems or procedures have been established to mitigate the rlsks the chariiy faces. A signrficant risk area continues to b8 unpr8di¢tabilty of gr8nt funding from local. regional and national govemment and other funding providers. In addition to this. the rising costs of running the business cr)ntinue to be an area of concern. This has further str8ngthened the need to continue to diversify sources of inc¢)me and generate unrestricted income reserves through enterprise initiatlV88. Intemal control risks are minimised by the clear system of authorisation and well documented Financial Controls approved by the Trustees. Procedures have been put in place to ensure compliance with health and Safety of staff, volunt88rs, clients and visitors to the organisation's premises.
Woodthorpe Development Trust Company Limited by Guarantee Trustees. Annual Roport (Incorporating the Directorfs Report) (contlnu Year ended 31 March 2024 Organlsatlonal Structuro The Trustees meet at regular intervals during the y8ar and are responsible for the strategic direction and pollcy of the charity. A scheme of delegation is in pla¢e and day to day responsibility for the provision of the services rests with the Manager. The CEO is Karen Dlneen who was appointed in April 2012 and is responsible for ensurlng that the charty delivers the services specified and that k8y performanG8 indlcators are met. Karen also has responslbility for the day to.day administrative and financial operation of the organisation including identifying, obtaining and managing funding Income. She is assisted in r8lation to to financial records and accounting by a Finance and Admlnlstration Manager. Related Parues The Trust contlnues lo take a 'partnership" approach to development. We are Working with over 20 organlsallons to provide regeneration in the area. These include the principal funders fer1ed to in note 5. The Trusys actiwties are conduct8d in a manner targeted at maximising benefits to those in ne8d and are carried out with a view to achieving a sustslnable Trust into the future. ObJectlve8 and actlvltles How our actlvltles dellver publlc benefit The charity is constituted as a company limited by guarantee and is therefore governed by a memorandum and articles of assoclalion. The object of the charity and its principal activity continues to be to promote the benefit of the inhabitants of Woodthorpe and neighbourhood by such Charitable purpose or purposes as the Trustees in their absolute discretion shall decide. The trustees consider that they have complled with the duty as set out in Section 4 of the Charities Act 2011 to have due regard to guldance published by the Charity Commission, including public benefit guidance. Mlsslon Statement To bring about the community led scKial. environmental and emnomic regeneration of the Woodlhorpe Area. Subsidiary Activty The company no longer has subsidiary companies.
Woodthorpe Development Trust Company Limlted by Guarantee Trustees, Annual Report (Incorporating the Directorfs Report) f¢ontlnuedJ Year ended 31 March 2024 Achievements and perfornian¢e This year has seen soma growth for the first time since the Pandemic. The SNIPS contract has been increased with extra provision in both Clubs. However, it is notabl8 that the programme will soon be coming to its natural end and we wlll have to retender n8Xt year. We have also seGured a new Pilot Piece of work from SCC whidi will support Young People to transition from SNIPS provision into adulthood. Although planned to commence in January 2024, it is likely that this wlll now not start until n8Xt Financial Year. The current economic climate continues to give cha118nges. The rlslng costs of running the business are hard to meet. Th8 Govt Increases lo National Living Wage means that the income from new provision will likely be used to fund such increas8S. Our commltmenl to invest in our Staff Team ¢ontlnues. with Training {such as MAPA) now being offered to all our Staff, We believe that this wlll help drive us forward and me81 our objectives in the coming y8ar.
Woodthorpe Development Trust Company Limited by Guarants8 Trustees, Annual Report (Incorporatlng the Dlrector's Report) f¢ontlnuea)I Year ended 31 March 2024 Financlal revlew The company results for the year ended 31 March 2024 are summarised in the Statement of Financial Activities. The net movement in funds for the year wa5 8 deficii of £53,767 - {2023'. deficit of £44.909). Company reserves stood at £14.571- (2023.. £68,338). Principal Funding Sources The principal funding sources for the charty are currently contract income and grant funding. and are set out in note 5. Invesljnent Policy The Management Committee has considered the most appropriate policy for investing fund5 subject to the overriding requirement of maintaining liquidity of funds. The Committee is currently considering other fomis of short lemi investment with a wew to improving investment returns Reserves Policy The Trustees have rewewed the reser$ of the charity in line With the Charity Commission guidance. This Included analysing 8XlSting funds, considering possible future funding and taking into a¢¢ount the expenditure to which the organisation will be committed. With this in mind and taking into account existing funds. possible future funding and expenditure to which the Company is already commltted, the Trustees concluded that a reserves policy of1 month's running costs is now appropriate, which currently equates to approximately £21,000. Unfortunately at 31 July 2024 the level of r8serve5 had fallen below the level required however this Is due to increased costs in antlcipation of upcoming ineasIng projects and therefor8 the Trustees expect this level to improve by 31 July 2025. Responslblllties Of The Manageffent Committee Company law requlres the Management Committee to prepare financial st8tements for each financial year, which give a true and fair view of the charltable company's financial adivitles during the year and of its financial position at the 8nd of the year. In preparing financial statements giving a true and fair view, the trustee6 should follow best practice and- (a) Select suitable accounllng policies and apply them conslstently. (b) Make judgements and estimates that ar8 reasonable and prLKlent. {c) Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in operation. The trustees are responsible for keeping accounting rerdS which disclose with reasonable accuracy at any time the financial position of the charitable company and which enable them to ensure that the financial ststements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregulaiities. Small company provisions This report has been prepared in accordance with the provisions applicab18 to Companies entitled to the small companies exemption.
Woodthorpe Development Trust Company Llmlted by Guarantee Trust•o8' Annual Rèport (Incorporatlng tho Directorfs Report) f¢aounMedJ Year end8d 31 March 2024 The truslee3' annual report was approved on 17 December 2024 and 8ign8d on behalf ol the board Of trusteos by. S Pote8ta- Chalr Trustee
Woodthorpe Development Trust Company Llmlted by Guarantee Independent Examinerfs Report to the Trustees ofwoodthorpe Develownent Trust Year ended 31 March 2024 I report to the Irustees on my examlnation of Ihe financial statements of Woodthorpe Development Trust Cthe charw) ftir the year ended 31 March 2024. R¢•pon6lbllltle• •nd b••l8 of r•port As the lJustee8 of the company (and also Its dlrectorn for the purposes of company law) you are re8ponsiblo for the preparation of the finandal Statem16 In accordance wlih the wulremonts of the Cornpanies Acl 2006 (e 20(6 Arf). Having 1olisfied ry8811 that the accounts of the company aro not required to bo audiled undw Part 16 of the 2008 Act 8nd ar8 ellglblè for independent examlnallon. I report In respect of my examlnatlon of the charl$ accourrts as canfed out under $ectlon 145 of thè Charfties Aci 2011 Cthg 2011 NA.). In Carry1 out ty examknatlon I have followed the DlrectK+ns glven by the Charfty Connl8sion under 8ecllon 146(51(b) of th82011 A Indep•ndent examln•ts •tatemort I have conwleted my examlnallon. I conflmi that no matters have come to my attentlon In Connect1¢ wlth the examiiation gl¥lng mo cause to belleve: accountlng records were not kept in respect of Ihe tharfty a8 requlred by secilon 386 of the 2006 ACL or the Ilnandal statements do not accd wlth those records; or the financt41 $tstements do not CTrpty wtth tr accounllng requiremEnts of section 396 of Ihe 2006 Acl olher than any requirement that thé nts W¥e a 'truo and folrf vlew whlch Is not 8 rnatter conshjered as part of an Indewdent &xaminatk#): or Ihe fanCIal staternents have Trol been weparnd In accordan¢e wlth the methods and prlnclples of th8 Slatement of RecomTrnnded Pr8Ctlce for accounting and reportlng by charlies appllcable to charltles prepariryJ thelr accounts In accordance wllh the Flnanclal Reportlng Stsndard appllcable In the UK and RepUbr of Ireland (FRS 102>. I have rAO concerns and have com acro$$ no other matter8 In connéction Thth the examInatI* lo whkh attent11 should be (travm In thls report In order lo en8b18 a proper undersiandlng of the accounts to be ched. Stephen Alen ACA FCCA Independeni Examiner Omega Court 364.366 Crtry Road Sheffield S118Fr
Woodthorpe Development Trust Company Limited by Guarantee Statement of Financlal Activities (including income and expenditure account) Year ended 31 March 2024 2024 Restricted funds Total funds 2023 Unrestricted funds Total funds Income and endowments Donations and legacies Charitable actiwlies Investment income 89,663 89,663 114,304 92.611 99.851 114.304 Total income 114,304 89,663 203,967 192.469 Expenditure Expenditure on charitable aGtiMtles Total expenditure 168.071 89,663 257,734 237,378 237,378 168,071 89,663 257,734 Net oxpenditur8 and net movemenl In funds {53.78n {53,767> (44,909) Reconciliation of funds Totsl funds brought forward Total funds carrigd fOard 68.338 68,338 113.247 14,571 14,571 68,338 The ststement of flnancial activities includ8s all gains and losses recognised in the year. All income and expendilure derive from continuing aGtlvllles. The notes on pago$ 10 to 18 fomi part of these flnan¢ial statsments.
Woodthorpe Development Trust Company Llmltsd by Guarantse Statemont of Flnanclal P08ition 31 March 2024 2024 2023 Flxed 0$¥•18 Ta[ble llxed 4&gets Investments 16 16 758 100 1.577 100 1,6TI Current assets Debtors C88h at bank and in harKI 17 10.009 38,634 29,032 84,012 113,044 Credltor8: amounts falung due wlthln on• year Net ¢urr•nl assets Total a*80ts les$ ¢uMont IWIIti98 CrEditQT8: amounts faulng du• after move than one year Net a88•ts 21.695 27,048 27.904 89,994 91.671 19 13,333 14,571 23.333 68.338 Fund8 of the Charfty Unrestiicted funds Total charfty fvn( 1471 88.338 14,571 68.338 For the year endlng 31 March 2024 tha chaltty was entitled to èxèmptlon from audlt under 8aGlion 4T1 of Ihe Companies Act 2008 relating io small ¢ompanl8s. Olre¢tors' responsibilitles.. 21 The mambws have not requlred th8 company to obtsin an audit of 118 flnancial ststemonts for the year In question in accofflanix wllh section 476". The directors knOedge Iheir rè$ponsibliti88 for ¢omptying wtth the requirements of the Acl wlth rospoct to ?OntIng records and th? preparallon of financial statements. Trse fknancial slatements have been prepared in ac¢ordan¢è wlth th8 provtslcns appllcable lo companles subject to th8 companies, Tegime. Thése linanc481 ststem8nts wer8 approved ty the board of trust6e8 and authorised for i8su8 on 17 December 2024. and are signed on be If of the bqard by: S Pot8sta- Chatr Trustee Tho notes on pages 10 to 18 ft+m) part of thè50 financlal statements.
Woodthorpe Development Trust Company Limited by Guarantee Notes to the Flnancial Statements Year ended 31 March 2024 General inforniation The charity is 8 public benefit entity and a private Company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is 12 Ulley Road, Woodthorpe, Sheffield, S13 8BB. statement of compliance These financial statements have b88n prepared in compliance wlth FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland,. the Statement of Recommended Practice applicab18 to Charities preparing thelr accounts in accordan with th8 Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Companies Act 26. Accounting pollcles Basis of preparation The finanGial ststem8nts have been prepared on the historical cost basis, as modified by the revaluation of certain finan¢lal assets and liabiltlies and investment properties measured at fair value through income or expenditure. The financlal statements are prepared in sterling. which is the functional currency of the entify. Golng ¢oneern There are no material un¢ertainties about the d)arity's abilty to conllnue. Disclosure exemptions In Ilne with the Charities SORP {FRS102) Update Bulletin 1: (a) No cash flow statement has been presented for the company. Con801idation Th8 charity is not required to prepare consolidated accounts in accordance with the Chariiies Act 2011, and has taken advantage of the option not to prepare consolidated financial statements contsined in Section 398 of the Companies Act 2006 on th8 basis that the charity and its subsidiary undertakings comprise a small group. Judgements and key sources of e8timatlon un¢ertalnty The preparation of the financial statem8nts requires management to make judgements, 8stimates and assumptions that affè¢t the amounts reported. These estimates and judgements are continually revi8W8d and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstsnc8S. 10
Woodthorpe Development Trust Company Limlted by Guarantee Notes to the Financlal Statements {¢ontsnuedJ Year ended 31 March 2024 Accounting policies (continuedj Fund accounting Unrestricted funds are available for use at the discretion of the tnjstees to lurther any of the charity's purposes. Deslgnated funds a unrestricted funds earmarked by the trustees for particular futur8 project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sulFdasses: restrlcted income funds or endowmenl funds. Incoming rosourc8s All incoming re8ource8 ar8 included in the ststement of financial activiti8s wh8n entitlement has passed to th8 charity. it is probable that the economi¢ benefrts associated with the transaction will Ilow to the ¢harty and the amount can be reliabty measured. The following speclfic pollcies are applied to particular categories of income: income from donations or grants is recognised when there is evidence of entvtlement to the gfft. receipt is probable and its amount can be measured reliably. legacy income is recognised when receipt is probable and entitlement is established. income from donated goods is measured at the fair value of the goods unless this is impractical to easure reliably, in which case the value is derived from the Cost to the donor or the estimated resale value. t)onated facilities and servtces are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the wntribution of general volunteers. income from ¢ontracts for the supply of serlee$ is recognised with the delivery of the contracted service. This is classifi8d as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and retumed rf unspent, in which case it may be regarded as r8Stri¢ted. 11
Woodthorpe Development Trust Company Limited by Guarantee Notes to the Financlal Statements (Continued) Year ended 31 March 2024 Accgunting policies (contlnued) Resources expended Expenditure is recognised on an accruals basis as a liabilty is incurred. Expenditure includes any VAT which cannot be fully recovered. and is classified under headings of the statement of financial actiltIeS to which it relates: expenditure on raising funds includes the costs of all fundraising activities, events. non- haritable trading activitie5. and the sale of donated goods. expenditure on charitsble activtties Indudes all costs incurred by a charity in und8rtaking activities that further its diaritable aims for the benefit of its beneficiaries, including those support costs and costs relating to th8 govemance of the charfty apportioned to charitable adivities. other expenditur8 includes all expenditure that Is neither related to raising funds for the charity nor part of its expendlture on charitable activities. All ¢osts are allocated lo expenditure Categories refl8Cting the use of the resource. Direct costs attrlbutable to a single adivity are allocated dire¢tly to that activlty. Shared costs are apportioned belween the activities they contribLtte to on a reasonable, lustifiable and consistent basis. Tanglble assèts Tangible assets are in5tially r8¢orded at cost, and subsequentty stated at cost less any acMUlated depr8ciation and impaiment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequenl accumulated depreciation and subsequent accumulated impairment loss8s. An Increase in the carrying amount of an asset as a sUIt of a revaluation, Is recognised in other recognised gains and losses, unless il reverses a charge for impaimjent that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation. is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain. in which case the Ios5 15 shown within other recognised gains and losses on the ststement of financial aCtitIes. Depreciation Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows- Office equipment Cornputer equipment etc 25.fi straight line 25% stralght line Inveslments Unlisted equity investments are Inftlally recorded at cost, arKI subsequently measured at fair value. If fair value cannot be reliably measured, assets are measured at cost less impairment. Listed investments are measured at fair valu8 Wlth changes in fair value being recognised in income or expenditure. 12
Woodthorpe Development Trust Company Limited by Guarantee Notes to the Financial Statements (continu Year ended 31 March 2024 Accounting pollcles (¢ontlnued) Investments In a8s0¢iatss Investments in associates accounted for in accordance with the $t model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance wtth Ihe fair value mod81 ar8 initially recorded at the transaction pdce. At each reporting date, the investm8nt$ are measured al fair value, with changes In fair value taken through incom8 or expenditure. Where It Is Impracticable to measure fair value reliably without undu8 Cost or effort, the cost model wlll be adopted. Dmdends and other distributions received from the investment are recognised as incom8 Without regard lo whether the distrlbutions are from accumulated profits of the associate arising before or after the date of acquisition. Impalmient of fixed assots A reiiew for indicators of impaimient is carried out at each reportlng date, with the recoverable am¢)unt being estimat8d where such indicators exlst. Where the carrying value exceeds the recov8rab18 amount, the asset Is Impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of Impaiment testing, when it is not possib18 to estimate thè reGoverabl8 amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The ¢ash-9enerating unit Is the smallest identifiable group of assets that includes th8 asset and generates cash Inflows that largely independent of the cash inflows from othér assets or groups of assets. For impairment testlng of goodwill, the goodwill acquired in a business combination is, from the acqulsltlon date, allocated to each of the cash-generating units that are expected to benefit from the syneryies of the combination, irr8spe¢tive of whether other assets or liabilitles of the Charity are assigned to those units. Dofined contrlbutlon plans Contributions to defined contributlon plans are recognised as an exp8ns8 in the period in which the related seNice is provlded. Prepaid contributions are recognised as an asset to the 8xtont that the prepayment will18ad to a reduction in future payments or a cash refund. When contributions are not exp8Ct8d to be settléd wholly within 12 months of the end of the reporting date in which the 8mployee$ render the related service, the liability is measured on a discounted pres8nt value basis. The unwindlng of the discount is recognised as an 8XP8nse in the period in which it arises. Limited by guarantee The company is limited by guarantee and as such has no share capital. The members of the company are the twstees whose liability is a maximum of £1 each. 13
Woodthorpe Development Trust Company Llmited by Guarantee Notes to the Financial Statements (cothinuod) Year ended 31 March 2024 Donations and legacles Reslrfcted Total Funds Funds 2024 Restricted Total Funds Funds 2023 Grnnts Sheffield City Council - Special Needs Indusion (SNIPS) Sheffield Cty Council- HAF Clarion Futures 85.925 3,738 85.925 3,738 92.412 92.412 199 199 89,663 89,663 92,611 92,611 Charltable activitiOS Unrestricted Total Fund8 Unrestricted Total Funds Funds 2024 Funds 2023 Fees for sen41$ and rechargès of expenses Other incorne 114,304 114,304 99,741 110 99,741 110 114.304 114,304 99,851 99.851 Investment income Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Bank interest receivable Expendiiure on charitable activities by fund type Unrestricted Funds Restricted Total Funds Funds 2024 Direct costs Support costs 127,142 40,929 168,071 89,663 216,805 40,929 89,663 257,734 Unrestricted Funds Restricted Total Funds Funds 2023 DireGt costs Support costs 107,233 37,534 92,611 199,844 37.534 144,767 92,611 237,378 14
Woodthorpe Development Trust Company Limited by Guarantee Notes to the Financlal Statements (¢onllnu•dJ Year ended 31 March 2024 Expenditure on charitable a¢tivities by actlvlty type Activities undertaken directly Support costs Totsl funds 2024 Totsl fund 2023 Oirect wst5 Govemance costs 216.805 38,229 2,700 40,929 255,034 2,700 234.678 2.700 216,805 257.734 237.378 10. Analysis of support costs Analysis of support Costs Total 2024 Total 2023 Premises General offic8 Human resourc8s Finance costs Governance costs 4,900 30.484 2.136 709 2,700 40,929 4,900 30,484 2,136 709 2,700 40,929 5.016 26,847 2,014 957 2,700 37,534 11. Net expendituro Net expenditure is slated after chargingl(crediting): 2024 2023 Depr8ciation of tangible fixed assets 821 821 12. Independent examlnatlon fees 2024 2023 Fees payable to the independent examiner for.. Independent examination of th8 financial statements 2,7¢XI 2,700 13. Staff costs The total staff costs and employe8 b8n8fits for the reporting period are analysed as follows.. 2024 2023 Wages and salaries Soclal security costs Employer contributions to Pansion plans 205,198 9,616 733 184,904 8,123 2,016 215,547 195,043 15
Woodthorpe Development Trust Company Limited by Guarantee Notes to the Flnancial Statements (coniinu•d) Year ended 31 March 2024 13. Staff costs (continue The average head count of employees during the year was 24 (2023.. 19). The average number of full- tlme equlvalent employees during the year is analysed as follows: 2024 No. 2023 No. Number of stsff 24 19 No employee received employee benefits of more than £60,000 during the year {2023'. Nil). 14. Trustee remunerdtlon and expense$ No remuneration was paid to trustees In the period (2023: Nil). In the year to 31 March 2024 expenses totalling £13 were reimbursed to one trustee for travel expenses incurred (2023: Nil). 15. Tangible fued assets Computer equipment equipment etc Total Cost At 1 Apr 2023 and 31 Mar 2024 Depre¢lallon At 1 Apr 2023 Charge for the year At 31 Mar 2024 14,295 38,153 52,448 14,295 36,576 821 50,871 821 14,295 37,397 51.692 Carrylng amount At 31 Mar 2024 756 756 At 31 Mar2023 1,577 1.577 16. Inveslments Other Investments Cost or valuation At 1 Apr 2023 Additions 100 At 31 Mar 2024 100 Impalmient At 1 Apr 2023 and 31 Mar 2024 Carrying amount At 31 Mar 2024 100 At 31 Mar 2023 11)0 All investments shobvn above are held at valua150n. 16
Woodthorpe Development Trust Company Limited by Guarantee Notes to the Financial Statements (contlnued) Year ended 31 March 2024 17. Debtorn 2024 2023 Trade debtors Amounts owed by group undertakings Prepayments and accrued income 8.220 26.422 857 1,753 29,032 1,789 10,009 18. Creditors: amounts falling due withln one year 2024 2023 Trade Creditors Accruals and deferred income Social security and other taxes Other Creditors 4,924 2,880 3,667 10,124 21,595 6,553 2.902 3,464 10,131 23.050 19. Creditors: amounts falllng due after more than one year 2024 2023 Bank loans and overdrafts 13,333 23.333 20. Ponslons and other post retlroment benefft¥ Dofined contrlbutlon plans The amount recognised in Income or expenditure as an expense in relation to defined contribution plans was £733 {2023: £2,016). 21. Unrestricted funds At Income Expenditure 31 Mar 2024 At 1 Apr 2023 General funds 68,338 114,304 {168,071) 14,571 At Income Expendlture 31 Mar 2023 At 1 Apr 2022 General funds 113,247 99,858 (144,787) 68,338 17
Woodthorpe Development Trust Company Limited by Guarantse Notes to the Flnancial Statements (conlinued) Year ended 31 March 2024 21. (conllnuedj Restricted funds At Income Expendtture 31 Mar 2024 At 1 Apr 2023 Sheffield City Council - Special Needs Inclusion {SNIPS} Sheffleld Futures Sheffield City Council - Holiday Activities and Food Programme (HAF) 85.925 (85.925) 3,n8 {3,738) (89.663) 89.663 At Expenditure 31 Mar 2023 At 1 Apr2022 Income Sheffield City Council- Speaal Needs Indusion (SNIPS) Sheffield Futures Sheffield City Council - Holiday Activities and Food Programme {HAF) 92.412 (92.412) {199) 92.611 {92,611) 22. Analysls of net assots between funds Unrestricted Total Fund8 Funds 2024 Tanglble fixed assets Current assets Creditors less than 1 year Creditors greater than 1 year Net assets 856 48,644 (21,596) (13,333) 14,571 856 48,644 (21,596) {13,333) 14,571 Unrestricted Total Funds Funds 2023 Tangible red assets Cuent assets Creditors less than 1 year Creditors greater than 1 year Net assets 1,677 113.043 123,049) (23.333) 68,338 1.677 113.043 (23.049) {23,333) 68,338 18