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 ine￿asIng 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 re￿rdS 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 Statem￿16 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 Con*nl8sion 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 acc￿d wlth those records; or
the financt41 $tstements do not C￿Trpty 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 f￿anCIal 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 fO￿ard
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(
14￿71
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 ￿knO￿edge Iheir rè$ponsibliti88 for ¢omptying wtth the requirements of the Acl wlth
rospoct to ?￿O￿ntIng records and th? preparallon of financial statements.
Tr￿se 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 2￿6.
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 ser￿lee$ 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
acti￿ltIeS 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 ac￿MUlated
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 aCti￿tIes.
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 r￿ed assets
Cu￿ent 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