PADDOCK COMMUNITY TRUST (2 company limited by guarantee) FINANCIAL STATEMENTS 31 MARCH 2024 CONTENTS Page CoMp￿Y information Directors, report Independent examiner's report Statement of financial activkties Balance sheet io Notes to the financial statements 11-17 Company registration number 04253006 Charity registration nun]ber 1093998 PADDOCK COMMUNITY TRUST COMPANY INFORMA TION Reference and administrative infornlation Charity name: Paddock Community Trust Charity registration nun]beT: 1093998 Company ￿giStratIon number.. 04253006 - The company is lin]ited by guarantee Registered office and operational address: Office F21 Thc Mcdia Centre 7 Northumberland Street Huddersfield HDI IRL Directors and Trustees R Guthrie B R Jones Dr P S Woodcock P M Alexander Dr J Ford H Evan5 J Hughes Company secretary B R Jones Independent examiner Richard Turner MAAT For and on behalf of.. Whcawill & Sudworth Limited Chartered Accounlants 35 Weslgate Hudderbfield HDI IPA Bankers The Cooperative Bank pl¢ POBOX 101 l Balloon Street Manchester M60 4EP PADDOCK COMMUNITY TRUST DIRECTORS, REPORT The directors presenl (heir report and unaudited financial Slatemenls of the charitablc company for thc year ended 31 March 2024. 'fhe dii'eclors havc adopted the provis1011S Ot Ihc Stalcnient of Rccomn]ended Practice (SORP) "Accounting and Reporting by ch(￿ltIes. IFRS 102) in preparing the report and financial statements of the charitable company. The finaiicial staternents have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charitable company'.$ goveming document, the Charities Act 2011 and Accounting and Reporting by Charities.. Statement of Recornmended Practiee applicable to charities preparing their accoiints in accordance with the Financial Reporting Standard applicable in tlie UK and Republic of Ireland publtshed on 16 July 2014 (as amended by Update Bulletin I published on 2 Fcbruary 2016). Directors (Trustees) The directors of the charitable company are the Trustees for the purposes of charity law. The Trustees who have served during the year and since the Ye￿ end were as follows: R Guthrie B R Joncs Dr P S Woodcock P M AlexandeT Dr J Ford H Evans J Hughes Structureg governance and management Governing document.. The charity is a company limited by guarantee and was forrned on 16 July 2001. It is governed by a memorandum and articles of association amended 13 October 2010. The liability of the members in the event of the company being wound up is li￿lted to a suin not exceeding £1. The Trustees are the menibers. Recruitment, appointment and training of trustees= The Trustee5 of the chaiity are also the directors for the puryoses of company law and are appointed by the men]bers. One ihird (or thc number nearest to one third) of the Trustees must retire at each AGM. Trustees are inductcd by personal discussion with the Tru.stces, the Managing Director, by attending rneelings and by involvetnent with one or more projects or aspects of work of the Trust. PADDOCK COMMUNITY TRUST DIRECTORS, REPORT (contiiiued) Objectives and activities The eharity's objects are: The promotion for the public benefit of urban or rural regeneration in areas of social and economic regeneralion within the Kirklees Metropolitan District of West Yorkshire by all or any of the tollowing rlleans: the advancement of education, training or Te-training, particularly among non-employed people, and providiiig non-ctnploycd pcoplc with work experience. the relief of uneinploytnent for the benefit of the public in such ways as may be thought fit, including assistance to find employment. for the public bellefit to promote learning for pleasure by people no longer in full time employment through the continuous development of their individua] capabilities, cotnpetencies, skills and understanding in subjects of educational value. the maintenance, improvement or provision of public ¢unenities' thc provi.sion of assi.slancc. in thc provision of recreational facilities for the public at large andlor those who, by reason of their youth, age infmity or disablement, poverty or social and economic ctrcumstance5. have need of such facilities. the protectioii or conservation of the environment- the provision of public health facilities and childcare. the promotion of public safety and the prevention of critne. and such other means as may, from time to time. be detemiined subject to the prior consent of the Charity Commissioner for England and Wales. Change of name The charity changed its name by resolution on 16 November 2011 from Paddock Community Forum lo Paddock Community T￿St. The charity's main activities Paddock Community Trust offers lifelong learning and support for residents of Kirkjees, particularly those from the most deprived communities facing the greatest disadvantage. The Trust provides community based learning boih at it.% centre and in outrelleh wurk throughout Kirklees in a range of community venues. This includes informal and accredited learning awarded through the Trust'5 n]ember5hip of the Open College Network. Paddock Community Trust i.s an approved supplier of training for Kirklees Council and, is subject to OFSTED inspectionb (ind tnaintritns a high standard of qualtty assurance. A significant part of the Trust's woi-k includes innovation and the development of new products and 8eFvices to help deliver it5 core aims. Public benefit statement tn setting our objectives and planning Our activities OUT trustees have given serious consideration to the Charity Comrnission's general guidance on public benefit and in particular.. l) Advancetnent of education and training 2) Preparation for adults to return to employnicnt 3) Encoui'ageinent of healthy lifestylcs 4) Ellhance￿ellt and appreciation of the urban envirOn￿e1]t and 5) Furtherance of community cohegion. PADDOCK COMMUNITY TRUST DIRECTORS, REPORT (contiT]ued) Achievements and Performance 2023-2024 Employment Support The Works Better programme, delivercd in various phases sincc 2017 funded by the European Union Social Fund and Deparlinenl of Woi-k and Pensions, came to an end in December 2023. PadduLk Trust delivered the Works Better programrne in partnership wilh Fusion Housing. The Trust eng(iged with 1260 unemployed and inactive residents, providing one-to-one support through our Employment Support Advisors and helped 229 participants into work. The PTogram]ne also re.sulted in 188 inactive participants rnoving into employmcnl or job search. Eniploymellt Kirklees 2023 The Trust secured £98,579 of funding through the GainshaTe programme to support employed residents (including the self-employed) in Kirklees. Employment Kirklees 2023 ran from April to Decetnber 2023. The aim was to help employed residents achieve improved work status, whether in their curtent role or in a new position. Those in vulnerable and precarious employrnent were a primary focus, together with those workints on unstable zeTO-hour contracts and those who were undereinployed. We adopted a Key WorkerlAdvisor approach, operating flexibly from an existing network of community venues across Kirklees and offering a one-to-one holistic mentoring and advice service. In totaI the TTUSt supported 250 people. exceeding our profiled target of achieviT]g iTnproved labour market .st¢ltus and reskilling and upskilling outcomes. Employn]ent Kirklees 2024 PELddock Trllst partnered with Proper Job Theatre to deliver a successful Employment Kirklee.s bid from January 2024 to Mai'ch 25 through the UK Shared Prosperity Fund. The programme I￿get5 llneTnployed, eniployed and econornically active residents in Kirldees. Our aims are to: Move people into employrnent and apprenticeships. Improve participant's labour market status. Reskill and upskill participants. Support participants into training. We will work with a total of 770 participant5 over the course of Employincnt Kirklees progran)me. The Trust acts as contract le(Id on the programme, responsible for claims, operationa] management. and progre55 reporting. Ktrklees residents aged 25 and above with the right to live and work in the UK can benefit from En]ploymeiit Kii-klees support. following an initial assessment on the suitability of the prograrnme. Cost of Livillg Crisis Community Organisations Cost of Living Fund Paddock Trust was successful ill securing £39,127.33 grant funding through the Conununity Organisation5 Cost of Living Fund, di8tributed via the National Lottery ComJnunity Fund in Novernber 2023. The fund aimed to mitigate the impact of the cost-of-living crisis and rising core expenditure for con]tnunity oi'ganisations. This included salary ¢osl,s, preinises and rent costs, and utilities up to March 2024. Unusually, the fllnd included a grant from July 23 2023 to eover core costs Tetrospectively. The application was made to support an existing service- the Paddock Trust Step-by-step community adviLe and guidance service. This Tevenue was vital in ensuring the Trust wag able to continue to offer dll iEnportant outreach service against a backdrop of rising costs. PADDOCK COMMUNITY TRUST DIRECTORS? REPORT (continued) Household Support Fund Through the UK Governmcnt tllndcd Household Support fund (Iiid Kirklees One Cornmunity, Paddock Trust distributed £IO.000 of 5UPPOrt to Kirklees residents over the winter of 2023124. We reached 86 hnu.%eholds and 196 individua15 ill hardship, ideiitified through our commurrity outreach PTOVlSlOli and referrals made by the Department of Work and Pensions, libraries, schoDI.% and other local partners. The support we provided was made up of food vouchcrs (£4,000), essential white goods (£3,100), electric and gas top-ups (£1,400) and Warm Winter packs (£1.500). The Warm Wintei. packs included thermal clothing for bolh adults and children, flasks., hot water bottles and fleeces. This is the third round of delivering Household Support Fund help for Paddock Trust and covered a six-month period from October 2023 to March 2024. The support provided a lifeline for beneficidries. particularly over the cold winter months. Fund Tecipients commenled "I had no idea this kind of help was OE4t there. It is brillianl. I coil do rtfood shop now andpuf my hearing on. and "Jt's been brillianl, I use the blanket and hot water bottle every day, they keep me warm. Digital Inclusion Paddock Trust continued its work to combat digital inequaIity and exclusion tn Kirklees and was successful in securing new funding to support thib initiative over the course of 2023 - 2024. Santander Foundation: Digital and Financial Empowerment Fund The Trust continued to deliver the digital recycling scheme, refurbisbing unwanted laptops and other devices. to donate to people exp¢Tiencing digital poverty. We have also donated digital ¢quipm¢nt to comtnuniLy organisalions Lo help Ihem suppor( Iheir service users moTe erreclively. Digital Hubs Ill late 2023 Paddock Trust was successful in securing £44,880 to deliver two digÉtal hub progratnmes in the Valleys (Colne Valley. Meltham and Holme Valley) and in North Kirklees (Dewsbury and Batley). The prograrnmes Ore funded by the UK Shared Prosperity Fund until M(￿Ch 2025. A key feature of these projects was the succcssful rcciuitinent of a Digital Inclusion Coordiiiator to deliver much of this work. The aim of these projecLs is to reach the digitally reluctant, supporting them Iv remove the barrieTS in accessing digital content and services, and reduce digital exclusion. Our target group are Kirklees residents over the age of 18 who arc digÈtally excluded either by lack of resources, knowlcdge and skills or those who exclude them.selves becausc they perceive little benefit in digital interactions. Key activities llnder this programme are.. Chrotnebook device loans for a period of up to three months Classroom-based digital skills development courses Regular weekly digital drop-in sessions (Digital Cafes) to provide one-to-one supporl in community settings such as libraries Providing non-financial support to local community groups Non-financial support. so far, has included help with grant applications and donation.s of recycled digital equipment such as monitors and laptops. Spen Valley Digit211nclusion Project The Trust secured hyperlocal Ward Conimittce funding in the autumn of 2023 to deliver a digitgl inclu510tL prujeLt it) Ihe Speii V(Illey of Kirklee5, coveriiig the w(Irds of Liversedge, Gomersal, Cleckheali3n (ind HecknnondwÉke. The programme ￿nded weekly drop-in sessions in libr￿.le5 across Spen Valley from October 2023. Resident.q can receive help and support Using their own devices. PADDOCK COMMUNITY TRUST DIRECTORS, REPORT (continued) Skills Development Participation in tbe Arts and Creative Eeonomy (PACE) In partnership with Proper Job Theatre, Paddock Trust successfully secured £72,000 of funding through the UK Shared Prosperity Fund to deliver a programTne designed to encourage grealer participation in the arts and creative economy in Kirklees. The programine was launched in January 2024 and will run until Marcb 2025. It follows a successful similar PACE pilot previously delivered by the parlneTship. Paddock Trust will deliver a progratnrne of 38 comn]unity-based events and activitie5 acTOSS Kii'klees aimed at providing first step opportunities for residents to experience creative activity. Activities in the fir.st quarter of 2024 have included photography workshops. wreath making. creative journaling and make-up sessions. One participant commented. I've leai-nt a lof aboul thefundaiiientals of £Énderstandin8 thefi4ncfions of a caniera to enable to take greaf photographs and I've really enjoyed the ex(Emples you provided about the images yOLI've captured across the globe" New to English Paddock Trust successtully secured a further round of New 2 English ESOL (English for Speakers of Other Languages) delivery from OLtober 2023 until March 2025. At the core of the £46,286.40 programrne are cla.ssroom-based 30 guided leJining hour courses, delivered by a qualified ESOL tutor. Additional support is provided by an infornial weekly conversation café and a numbcr of cominuiiity engagement events. For the year 202312024 the Trust delivered five 30 hour courses and a further six courses are planned for 202412025. A feature of this programme is the recn]itment of volunteers to assist cla.8sroom delivery and support the conversation cafes. Out of a planned total ()f 102 learners, the Trust has .$0 far supported 61 in 202312024. Ncw to English is funded by the UK Shared Prosperity Fund. Financial review The Trust generated a net Surplus of £155,405 for the year ended 31 March 2024. Thi5 compares to a net sury)lus of £37,949 for thc previous year. Future activities Uncertainty rernains around what new fiinding streams will materialise after the closure of the UK Shared Prosperity fund clo.%es in MtlTch 2025. The UK Shared Prosperity Fund was launched following the clo.sing down of the European Social Fund in the UK. In an election year it remains to seen what direction the new administration may take in supporting conununity-based interventions the Trust hds excelled at over the years. Reserves policy The charity's unre.8tricted reserves at 31 March 2024 were £473.049 (2023: £317,644). The chatity's reserves policy is to hold a sufficient level of reserves to cover three months running cosl.8 plus rediindancy payments which would become due should the centre have to close. Risk management The Trustees have examined the major strategic. business and operational risks which the Charity face5 and confirms that systems are establi.shed to enable regular report5 to be prodiiced so that the necessary 5tep5 can be taken to leqsen these risks. PADDOCK COMMUNITY TRUST DIRECTORS, REPORT (continued) Reference and administrative details Reference and administrative details for the company are included on page I company inforination. Exemption from disclosures The charitable company has taken advantage of the exemptions within the SORP relating to smatler charities. Signed on behalf of the board of tTUStees.' R GUTHRJE Director and Trustee l O Decetnber 2024 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF PADDOCK COIVIMUIYITY TRUST I report on the accounts of the company foT the year ended 31 March 2024 which are set out on PÉiges 8 to 16. Respective responsibilities of trustees and exan)iner The trustees (who are also the directoi's of the company for ihe pury)ose8 of Company law) are re%ponsible for the preparation of ihe aLcounl4. The trnslees c()nsider that (in audit is not I'equired for this year under section l44(2) of the Charities Act 2011 (the 2011 Act) and that ali independent examinatioii is needed. Having satisfied myself that the charity ts not subject to an audit under company law and is eligible for independent examination, it is my responsibility to.. examine Ihe accounls under seclion 145 of the 2011 Act. follow the procedures laid down in the general Directions given by the Chasity Commission (under section 145 (5)(b) of the Act, as amended). and state whcther particular mattcrs have cotThe to my attetEtion. Basis of independent examiller's statement My examinatlOD was callied out in accordance with general Directions given by the Charity Commission. An exafflination include5 a review of the accounling records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unu%'ual ilems or disclosures in the accounts, and seeking explanations from you as trustees concerning any SLich nidtteTS. The procedures undertaken do not provide all the evidence that would he required in an audit, and consequently no opinion is given as to whether the accounts present a "true and fair view" and the report is limited io those matters set out in the statement below. Independent examiner's statement In conneetion with my examination. no matter ha5 come to my attentioll.. which gives me reasonable cause to believe that. in any material respect, the requirements: to keep accounting records in accordance with section 386 of the Companies Acl 2006" and to prepare accounts which accord with the accounting records, comply with the accollnting Tcquirements of section 396 of the Companies Act 2006 and with the methods and priT)ciples of the Statement of Recommended Practice.. Accounting and Reporting by Charities (SORP 2005) have not been met,. or to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be Teached. RICHARD TURNER MA 35 Westgaie Huddersfield HDI IPA For and on behalf of: Wheawill & Sudworth Liniited Chartered Accountants 10 December 2024 PADDOCK COMMUNITY TRUST STATEMENT OF FINANCIAL ACTIVITIES For the year ended 31 MARCH 2024 UT]restricted Restricted funds tunds 2024 2024 Total funds 2024 Total funds 2023 Notes INCOME FROM: Donations.. Grants and donations 118,559 118.559 52,818 Charitable aetivities: Service level agreements and contracLs Rental income Miscellaneous income 565,926 565,926 408,943 7,644 58.332 1.394 1.394 Total income 685,879 685,879 527.737 EXPENDITURE ON: Charitable activities 530,474 530,474 489,788 Tota] expenditure 530,474 530,474 489,788 Net movement in funds 155,405 155,405 37,949 Reconciliation of funds: Total funds brought fonvard 317,644 317,644 279.695 Total funds carried forward 473,049 473,049 317,644 The statement of financial activities includes all gains and losses recognised in the year. All incoming resources and resources expended derive from continuing activities. The notes on pages lo to 16 forn] part of these financial statements. io PADDOLK C'OMMUNITY TRUST BALANCE SHEET 31 MARCH 2024 Unrestricted Restricted funds funds 2024 2024 Tolal fuiids 2024 Toial tund,% 2023 Notes Fixed a55ets T￿gIbIC fixed assets 7.106 7,106 Investment loo loo 100 7.206 7,206 loo Cllrrent assets Debtors Cash at bank and in hand io 131,059 439,024 131,059 439,024 99,337 322,802 570,083 570,083 422,139 Creditors: amounts becoming due and payable within one year {104,240) (104,240) (104,595) 12 Deferred capital grants Net current assets 465,843 465,843 317.544 Net assets 473,049 473,049 317,644 Funds Restsicted funds UnTestricted funds 13 473,049 473,049 317,644 Total funds 473,049 473,049 317,644 For the year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to sm811 companies. Directors. responsibilities- The members have not required the company to obtaiT) an audit ol its financial statements for the year in question in accoTdance with section 476. and The directors acknowledge their responsibilities for complying with the requiretnents of the Act with respect to accounting records and the Preparation of financial statements. These financial statements have been prepared in accordance with the provisions applicable to companies subject to the gmall cotnp4inies Tegime. These financial statements were approved by the b0￿d of director5 and authorised for issue on lo Dccembcr 2024 and ￿e signed on its bchalf by: Director and tn]slee Company Registration Number.. 04253006 The notes on pages l O to 16 form part of these fjnancial stacements. li PADDOCK COMMUNI'fY I'RUST NOTES TO THE FINANCIAL STATEl￿ENTs 31 MARCH 2024 Accounting policies a) General inforniation and basis of preparation. The Lharilable company conslilules a public benefit enlily as defined by FRS 102. The financiaI statements have been prepared in accordance with Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities Preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), issued on 16 July 2014 (as updated through Update Bulletin I published on 2 February 2016), the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Practice as it applies frotn l January 2015. The financial statements are prepaJed on a going concern basis under the historical cost convention. The .signiFicaiit accounling policies applied in the preparation of theqe financial 8tatemeiits are set oiit below. These policies have been consistently applied to all years presented unless otherwise stated. (b) Fund accounting General funds are unrestricted fund8 which are available for use at the discretion of the trustees in furthei-ance of the general objectives of the charity and which have not been designated for other purposes. Restricted fund5 are funds which are used in accordance with restrictions imposed by donors or which have been raised by the charity for particular plirposes. The aim and use of restricted funds is set out in the notes to the accounts. (c) Income recognition All incoming resources are included in the statement of financial activities when the charity is legally entitled to the income and the an]ount can be quantified with reasonable accuracy. No amount is included in the financial statements for volunteer titne in line with the SORP (FRS 102). (d) Grants Grants in respect of expenditure on tangible fixed {￿set5 are treated as deferred income which is amorti.scd in Ihe stalemcnt of financial activities over the expected iiseful life of the related asset on a basis consistent with the depreciation policy. GTants of a revenue nature are recognised in the statement of financiaI activities of the period in respect of which they are paid. (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 calegory. Expenditure is recognised where theie is a legal or constructive obligdtion to make payments to third parties, il is probable that the settlement will be rcquircd and the amount of thc obligation can be measured reliably. 12 PADDOCK COIIIMUNITY TRUST NOTEI S TO TI.IE FINANCIAL STATEMENTS (continued) 31 MARCH 2024 Accounting policies {continued) (e) Resources expended (eontii)ued) Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for Its benefIciaries. It includes both cost.s that can be allocated directly to such activities and those costs of an indirect nature nccessary to support thetn. Governance costs, included within support costs in note 3, include those costs &%sociated with meeting the constitutional and statutory requirements of the charity and include che accountancy fees. All cost5 are allocated between the expenditure categories of the Statement of financial activities on a basis designed to reflect the Ube of the resource. Costs relating to a particular activity are allocated directly. others are apportioned on an appropriate basis. (D Tangible fixed assets Tangible fixed assets are included at cost less accumulated depreciation. Cost inLlude5 Costs directly attributable to tnaking the asset capable of operating as intended. Depreciation is provided at the following rate,$ in order to write off the assets over their estimated useful lives. In the year of acquisition tangible fixed assets are depreciated from l April. Property refi]rbishment Fixmres & fittingb Kttchen equipn]ent Computer hardware Mulor vehicles Iofo on cost 10(Yo on cost 20(Yo on cost 33 113 fo Oll Cost 25% on cost (g) Taxation As a registered charity, the company benefits from rates reltef and is generally exempt from corporation lax but not frotn VAT. (h) Financial instrumellts Financial instruments are classified and accounted for, according to the substance of the contractua] arrangement, as either tinanLial assets, Financial liabilities or equity instruments. An equily instrunient is aiiy contract that evidences a residual interest in the assets of the company after deducting all of its liabilities, 13 PADDOCK cofvlMUNITY I'RUST NOTES TO THE FINANCIAL STA TEMENTS (contiiiued) 31 MARCH 2024 2 Grants and donations Unrestricted Restricted funds funds 2024 2024 Total funds 2024 Total funds 2023 Santander UK Foundation Limited- Financial & Lottery - Community Organisations Cost of Living Fund Onc Cotnmunity Found(tCion Kirklees MC -mental Health Support 79,432 79,432 46,818 5,000 1,000 118,559 118,559 52,818 3 Service level agreements and contracts Unrestricted Resiricled nds tunds 2024 2024 Total tunds 2024 Total funds 2023 Works Better Programme Othcr conlract income HeTe for You Employment Support Programtne Ernployinent Kirklees Household Support Fund Step by Step Employtnent Support Service New 2 English Talk English PACE Better Works PCT Digital Hub ESOL 225.752 10,055 225,752 10,055 133,460 3,682 17,265 195,645 10,000 7,360 31,033 7,213 40,600 195,645 10,000 7,360 31,033 7,213 40,600 12,633 17.726 34.885 189.292 19,760 18,508 19,760 18.508 565,926 565,926 408,943 14 PADDOCK COMMUNITY TRUST NOTES TO THE FINANCIAL STA TEMENTS (continued) 31 MARCH 2024 Expenditure on Charitable actiTrryties Chartlable Governance activitie5 Costs 2024 Total 2023 Total Costs directly allocated to activities: Purchases Sessional workers Rent and room hire Events and hospitality ProjecL expenses 13,727 13,727 3,835 1,655 14.585 548 18,383 24.447 402 64,040 24.447 402 64,040 Support costs a]located to activities: Salaries and Ntc and pension costs Heat and light Training (Ind rec￿ltment Vehicle costs Travel expenses Admiilistrative expenses Insutance Equipinent rr expenses Telephone Repair.8 and servieing Cleaning Accountancyllndependent examination Legal & Professional fees Sundries Removal costs Depreciation 358,869 1.431 9.249 1,804 8,266 14,608 2,885 15.724 37 7.332 805 1,702 358,869 1,431 9,249 1,804 8.266 14.608 2,885 15,724 37 7,332 805 1,702 1,620 497 660 363.418 7.745 16.101 3,670 8,829 10,246 4,333 12,454 36 11,752 1.089 5.772 1,560 356 392 3.029 1,620 497 660 2,369 2,369 Total resources expended 528,854 1,620 530,474 489,788 Net income (expenditure) for the year 2024 2023 This is 8lated after charging.. Depreciation of tangible fixed assets Independent examiner's remuneration 2,369 1,620 1,560 Employee numbers The average number of persons employed by the company during the year amounted to 12 (2023 . 14). 15 PADDOCK COIIIML UNITY TRUST NOTES TO THE FINANCIAL STATEMENTS (cnntinued) 31 MARC'H 2024 Trustees, and key management personneI remuneration and expenses The directors of Ihe company who also act as trustees neiiher received nor waived any remuneration in the year ended 31 March 2024 (2023: £Nil}. The trustee5 did not have any expenses reirnbursed during the year (year ended 31 March 2023: £Nil). Tangible fixed assets Property Motor refurbishrnent vehicles Compllters FixtUTes and & equipment fittings Total Cost.. At l April 2023 Additions Disposal 23,980 7,895 9,475 {3,995) 61,005 2,577 95,457 9,475 (3,995) at 31 M￿ch 2024 23,980 13,375 61,005 2.577 100,937 Depreciation: At l April 2023 Chargc for y¢ Disposal 23.980 7,895 2,369 (3,995) 61,005 2,577 95.457 2,369 (3,995) At 31 March 2024 23,980 6,269 61,005 2,577 93,831 Net book an]ount at: 31 March 2024 31 March 2023 7,106 7,106 Investment The charity's investment comprises a holding of 100 shares in Slaithwaite Cooperative Limited. 10 Debtors 2024 2023 DebtOTS Prepayment.8 & accrued illcome Other debtors 124,408 3,186 3,465 92,416 3,186 3,735 131,059 99,337 16 PADDOCK COMMUNITY TRUST IYOTES TO THE FINANCIAL STA TEMENTS (continued) 31 MARCH 2024 I I Creditors: amounts beeoming due and payable within one year 2024 2023 Ci-editOTS Deferred income PAYE/NIC cicditor Accruals Pension creditor 46.329 46,250 7,417 3,452 792 14,469 80,682 6,358 2,190 896 104,240 104,595 12 Deferred capital grants 2024 Receivable At l April 2023 and at 31 March 2024 38,805 Amortisation At l April 2023 Credit to SOFA 38.805 At 31 March 2024 38,805 Net balancc at.. 31 March 2024 31 March 2023 13 Unrestricted funds 2024 2023 Balancc at l ApTiI 2023 Surplus for the year 317,644 155,405 279,695 37,949 Balance at 31 March 2024 473,049 317,644 14 Analysis of nel assets between funds 2024 Unrestricted Restricted funds funds 2023 Total funds Total funds Tangible fixed assets Current assels Current liabilities 7,206 570,083 (104.240) 7.206 loo 570.083 422.139 (104,240) (104,595) 473,049 473,049 317,644 17 PADDOCK COMMUMTY TRUST NOTES TO THE FINANCIAL STATEMENTS (continued) 31 MARCH 2024 15 Operating leases The tolal future minimum lease payments under non-cancellable oper