Company number: 04394953 Charity Number: 1095510
The Steel Valley Project Report and financial statements for the year ended 31 March 2021
Doc ID: e5cdea380d165f1b9e8070283094aef45897d349
## Company number 04394953
Charity number 1095510
## Registered office and operational address
The Arc Manchester Road Stocksbridge Sheffield S36 2DT
## Trustees
E Heath-Whyte Chair M Travis Vice Chair K Craik Treasurer E Heath- Whyte Secretary R Moss J Rocket M Hood D Holmes
Trustees who held title to property belonging to the charity during the reporting period or at the date of approval were: None
## Key Management
Tom Newman General Manager
## Bankers
Natwest Bank 26 Market Hill Barnsley S70 2QE
## Independent Examiner
Paul Cowham MA FCA DChA Greenfish Resource Centre, 46-50 Oldham St, Manchester, M4 1LE
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The trustees present their report and the unaudited financial statements for the year ended 31 March 2021.
Reference and administrative information set out on page 1 forms part of this report. The financial statements comply with current statutory requirements, the memorandum and articles of association and the Statement of Recommended Practice - Accounting and Reporting by Charities: SORP applicable to charities preparing their accounts in accordance with FRS 102.
## Objectives and activities
The company is limited by a guarantee. The Charities objectives are to promote the conservation, protection and improvement of the physical and natural environment.
As such its mission statement is:
To help people understand, value and care for their local environment to help create healthy and sustainable communities.
We work to achieve this through;
· Managing a variety of habitats for the benefit of wildlife, people, heritage and landscape.
· Encouraging access to open green spaces and the wider countryside.
· To deliver environmental education and interpretation programmes to local schools and the wider population.
· To provide support, advice, training and supervision to volunteers, trainees and community groups in countryside management and conservation skills by working on real local environmental projects.
The Steel Valley Project continues to support the public in its operational area to these ends which have proven positive impacts upon communities in the area such as; economic regeneration, social cohesion, health and increased employment opportunities.
Volunteer trainees make a key contribution to the work of the Steel Valley Project and it will continue to provide training, supervision and other resources to individuals and groups in recognition of this.
The trustees review the aims, objectives and activities of the charity each year. This report looks at what the charity has achieved and the outcomes of its work in the reporting period. The trustees report the success of each key activity and the benefits the charity has brought to those groups of people that it is set up to help. The review also helps the trustees ensure the charity's aims, objectives and activities remained focused on its stated purposes.
The trustees have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives and in planning its future activities. In particular, the trustees consider how planned activities will contribute to the aims and objectives that have been set.
## Achievements and performance
The Steel Valley project has continued to work with core partners and with the local community.
Individual projects and partnerships include
- Continuing work on non-operational land owned by Liberty Steel, including land management and tree survey and safety work
- Continuing work on Sheffield City Council’s woodland management programme
- Creating new meadow areas in Sheffield City Council parks.
- Managing meadows and woodland at Bitholmes and Birdwell woods in partnership with the Woodland Trust
- Working with Sheffield and Rotherham Wildlife Trust to deliver the Sheffield Lakeland Landscape Partnership, including creating 5 new downloadable cycle routes.
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- Working with Friends of Oxley Park to establish the new group and supporting their work, including funding applications, landscape improvements and events.
- Developing the Towns Fund bid to Government in partnership with the local community, securing £24.1m for Stocksbridge.
## Beneficiaries of our services
Due to Covid-19, we have suspended our volunteering programme during the reporting period. We have also suspended our programme of community activities and events.
The local community has still benefitted from our acitivities, through our programme of improvements to green spaces. During Covid-19 lockdowns, we have seen a huge increase of the number of people using green spaces, so despite the challenges of not being able to engage with the local community through our usual activities, we have still had a positive impact on local residents lives.
## Financial review
The reporting period coincides with the Covid outbreak at its height. As would be expected, both income and expenditure have been affected due to the marked slowdown of project activity. The project was able to benefit from the Government furlough scheme. Project delivery dates were rescheduled and some outcomes amended, with the agreement of our partners, enabling activity to continue albeit at a slower pace. Whilst total income and expenditure was markedly lower compared to the previous year, the accounts still show a small surplus of £6,319 of income over expenditure.
The main grants this year were from HMRC through the furlough scheme, Sheffield City Council and the National Lottery Heritage Fund. Core partners: Liberty Steel, Bradfield Parish Council, Sheffield City Council and Stockbridge Town Council continue to provide a vital source of funding for the project.
Contract works were carried out for a range of clients, in line with the charity’s objects, to support the core costs. However, lockdown and social distancing measures severely curtailed activity during this period.
The Trustees’ attention is drawn towards the long-term sustainability of the charity, staff and management have developed new contacts and partnerships which will pay dividends in the future. Work with Sheffield Lakeland Landscape Partnership (SLLP) is now a major source of activity and income. This major project funded by the National Lottery Heritage Fund, has supported the growth in income of the project. Projects which have been developed through SLLP also have the potential to be extended and developed with our current partners and landowners.
The award of the Towns Fund to Stocksbridge has enabled SVP to make a major contribution to meeting the sustainability targets associated with this major Government grant. Activity and income associated with this award is expected to commence in 2021 and continue for 3 years
Community events have been suspended with the Steel Valley Ride cancelled due to the pandemic. It is hoped this event and others can resume in due course.
SVP has done well to survive a difficult year and there is now the potential to develop new projects with new and existing partners. Whilst Covid-19 led to an unavoidable pause in activities, it has also created opportunities to look anew at potential projects which will address the pressing issues of sustainable development and community support. It is recommended that SVP undertakes a strategic review in early 2022, which will include a medium-term financial plan, to address these new challenges and opportunities
## Reserves policy
It is the aim of the charity that unrestricted funds which have not been designated for a specific purpose should be maintained at a level to cover management and administration costs, although this
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has not been achieved in recent years due to the cut backs being experienced by all Partners involved with the Project. Funding is regularly received in arrears and the trustees need and monitor reserves to ensure they are maintained at a sufficient level to cover the period of cash flow with a reserve to cover the cost of winding the Project down should that become necessary. Costs continue to be kept as low as possible and staff and Trustees exercise tight budgetary controls. The unrestricted reserves at the end of the period was £71,544 (2020 £61,538), this is more than the amount required to discharge the charities liabilities in the event of closure and sufficient to help with cashflow. Regular financial monitoring will to continue to ensure that the charity is able to fulfil its financial obligations as they fall due.
## Structure, governance and management
Trustees are recruited from our partners, the voluntary and business sector and members of the public. Any person interested in acting as a Trustee are invited to attend the quarterly steering group meetings.
Appointment, rotation and retirement of Trustees are undertaken at the annual general meeting in accordance with the charities Articles of Association.
No other person or external body are entitled to appoint Trustees.
The organisation is a charitable company limited by guarantee, incorporated on 18[th] June 2004. The organisation was established in April 1988 and registered as a charity on 21[st] January 2003.
The company was established under a memorandum of association which established the objects and powers of the charitable company and is governed under its articles of association.
Members of the charity guarantee to contribute an amount not exceeding £10 to the assets of the charity in the event of winding up. The total number of such guarantees at March 2021 was 7 (2015:7). The trustees are members of the charity but this entitles them only to voting rights. The trustees have no beneficial interest in the charity.
All trustees give their time voluntarily and receive no benefits from the charity.
## Funds held as custodian trustee on behalf of others
None
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## Statement of responsibilities of the trustees
The trustees (who are also directors of Frs 102 Small Company Charity for the purposes of company law) are responsible for preparing the trustees’ annual report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company 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 charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:
- Select suitable accounting policies and then apply them consistently
- Observe the methods and principles in the Charities SORP
- Make judgements and estimates that are reasonable and prudent
- State whether applicable UK Accounting Standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements
- Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. 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 irregularities.
This report has been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime of the Companies Act 2006.
The trustees’ annual report has been approved by the trustees on 25[th] October 2021, and signed on their behalf by:
Name: Ed Heath-Whyte
Title: Trustee and Chair
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Independent examiner’s report
## to the members of
## The Steel Valley Project
I report on the accounts of the company for the year ended 31 March 2021 which are set out on pages 7 to 20.
## Respective responsibilities of trustees and examiner
The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 43(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:
- examine the accounts under section 145 of the 2011 Act;
- to follow the procedure laid down in the general Directions given by the Charity Commission under section 145 (5)(b) of the 2011 Act; and
- to state whether particular matters have come to my attention.
## Basis of independent examiner’s report
My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be 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 to those matters set out in the statement below.
## Independent examiner’s statement
In the course of my examination, no matter has come to my attention:
- 1) 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 Act 2006; and
- • to prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities have not been met; or
- 2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Paul Cowham MA FCA DChA Green Fish Resource Centre 46 – 50 Oldham Street Manchester M4 1LE
10 / 25 / 2021
Date ………………………………
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## The Steel Valley Project
## Statement of Financial Activities (including Income and Expenditure account) for the year ended 31 March 2021
|Unrestricted
funds
Note
£
Income
Donations and legacies
3
549
Grants and charitable contracts
4
75,685
5
1,056
Investments
6
10
Total income
77,300
Expenditure
Charitable activities
7
67,244
Total expenditure
67,244
9
10,056
Transfer between funds
-
Net movement in funds for the year
10,056
Reconciliation of funds
Total funds brought forward
61,488
Total funds carried forward
71,544
Fees and other income
Net income/(expenditure) for the
year|Restricted
funds
£
-
48,435
-
-
48,435
46,850
46,850
1,585
-
1,585
4,944
6,529|Total funds
2021
£
549
124,120
1,056
10
125,735
114,094
114,094
11,641
-
11,641
66,432
78,073|Total funds
2020
£
287
169,023
6,000
51|
|---|---|---|---|
||||175,361|
||||161,399|
||||161,399|
||||13,962
-|
||||13,962
52,470|
||||66,432|
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
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## The Steel Valley Project Company number 4394953
## Balance sheet as at 31 March 2021
|Note
£
£
Fixed assets
Tangible assets
14
-
Total fixed assets
-
Current assets
Debtors
16
11,315
Cash at bank and in hand
68,876
Total current assets
80,191
Liabilities
Creditors: amounts falling
due in less than one year
17
(2,118)
Net current assets
78,073
Total assets less current liabilities
78,073
Creditors: amounts falling
due after more than one year
18
-
Net assets
78,073
Funds of the charity
Restricted income funds
19
6,529
Unrestricted income funds
20
71,544
Total charity funds
78,073
2021|£
£
-
-
16,753
50,529
67,282
(850)
66,432
66,432
-
66,432
4,944
61,488
66,432
2020|£
£
-
-
16,753
50,529
67,282
(850)
66,432
66,432
-
66,432
4,944
61,488
66,432
2020|
|---|---|---|
|||-
66,432|
|||66,432
-|
|||66,432|
|||4,944
61,488|
|||66,432|
For the year in question, the company was entitled to exemption from an audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476,
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts
These accounts are prepared in accordance with the special provisions of part 15 of the Companies Act 2006 relating to small companies and constitute the annual accounts required by the Companies Act 2006 and are for circulation to members of the company.
The notes on pages 9 to 19 form part of these accounts.
Approved by the trustees on 25th October 2021 and signed on their behalf by:
Ed Heath-Whyte Name Signed
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The Steel Valley Project
Notes to the accounts for the year ended 31 March 2021
## 1 Accounting policies
The principal accounting policies adopted, judgments and key sources of estimation uncertainty in the preparation of the financial statements are as follows:
## a Basis of preparation
The financial 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) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
The charity has applied Update Bulletin 1 as published on 2 February 2016 and does not include a cash flow statement on the grounds that it is applying FRS 102 section 1A.
The Steel Valley Project meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note.
## b Reconciliation with previous Generally Accepted Accounting Practice
In preparing the accounts, the trustees have considered whether in applying the accounting policies required by FRS 102 and the Charities SORP FRS 102 the restatement of comparative items was required. No such restatement was required.
## c Preparation of the accounts on a going concern basis
The trustees consider that there are no material uncertainties about the charitable company's ability to continue as a going concern.
There are no key judgments which the trustees have made which have a significant effect on the accounts.
The trustees do not consider that there are any sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities within the next reporting period.
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The Steel Valley Project
Notes to the accounts for the year ended 31 March 2021 (continued)
## d Income
Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably.
Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.
Income received in advance of a provision of a specified service is deferred until the criteria for income recognition are met.
## e Donated services and facilities
Donated professional services and donated facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), general volunteer time is not recognised; refer to the trustees’ annual report for more information about their contribution.
On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.
## f Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the Bank.
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The Steel Valley Project
Notes to the accounts for the year ended 31 March 2021 (continued)
## g Fund accounting
Unrestricted funds are available to spend on activities that further any of the purposes of charity.
Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose.
Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity’s work or for specific projects being undertaken by the charity.
## h Expenditure and irrecoverable VAT
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably.
Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.
## i Operating leases
Operating leases are leases in which the title to the assets, and the risks and rewards of ownership, remain with the lessor. Rental charges are charged on a straight line basis over the term of the lease.
## j Tangible fixed assets
Individual fixed assets costing £1,000 or more are capitalised at cost and are depreciated over their estimated useful economic lives on a straight line basis as follows:
Motor vehicles: 4 years Office fixtures and equipment 4 years Motor vehicles: 4 years
## m Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
## n Cash at bank and in hand
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
## o Creditors and provisions
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
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The Steel Valley Project
Notes to the accounts for the year ended 31 March 2021 (continued)
## O Financial instruments
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
## P Pensions
The charity does not currently operate a pension scheme.
## 2 Legal status of the charity
The charity is a company limited by guarantee registered in England and Wales and has no share capital. 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. The registered office address is disclosed on page 1.
## 3 Income from donations and legacies
|Donations
Donated services
Total|Unrestricted
£
549
-|Restricted
£
-|Total 2021
£
549
-|Unrestricted
£
237
-|Restricted
£
50
-|Total 2020
£
287
-|
|---|---|---|---|---|---|---|
||549|-|549|237|50|287|
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## The Steel Valley Project
## Notes to the accounts for the year ended 31 March 2021 (continued)
## 4 Income from charitable activities
|HMRC - JRS
Sheffield City Council
Sheffield Wildlife Trust
Liberty Steel
Joseph Sheldon Trust
Sheffield City Council
The Woodland Trust
Contracts < £1,000
Total
Bradfield Parish
Council
Bridge Community
Project
JG Graves Charitable
Virgin Money Fund
More Hall Fly
Fishing Club
Bradfield Parish
Oasis Academy
Sheffield City
Council PROW
Sheffield Wildlife
Trust
Speciality Steels UK
Ltd
Springvale
Community Garden
Stocksbridge
Community Leisure
Centre
Subtotal for
Grant income
Subtotal for
Contract
Stocksbridge Town
Council
SCC - Trees &
Woodland
SY Forest
Environmental
Trust
Grants < £1,000|Unrestricted
£
5,000
-
-
-
10,000
-
6,000
-
10,000
-
-
-
-|Restricted
£
-
-
15,916
-
-
22,000
-
10,519
-
-
-
-
-|Total 2021
£
5,000
-
15,916
-
10,000
22,000
6,000
10,519
10,000
-
-
-
-|Unrestricted
£
5,000
-
-
-
-
5,000
5,000
-
10,000
-
-
-
720|Restricted
£
-
1,000
-
1,000
725
23,036
-
31,851
-
1,150
2,500
1,000
-|Total 2020
£
5,000
1,000
-
1,000
725
28,036
5,000
31,851
10,000
1,150
2,500
1,000
720|
|---|---|---|---|---|---|---|
||31,000
175
-
-
8,330
11,025
-
22,380
-
-
2,725
50|48,435
-
-
-
-
-
-
-
-
-
-
-|79,435
175
-
-
8,330
11,025
-
22,380
-
-
2,725
50|25,720
2,275
2,111
14,407
23,731
18,466
15,000
-
-
3,586
1,465|62,262
-
-
-
-
-
-
-
-
-
-
-|87,982
2,275
2,111
-
14,407
23,731
18,466
15,000
-
-
3,586
1,465|
||44,685|-
-|44,685|81,041|-|81,041|
||75,685|48,435|124,120|106,761|62,262|169,023|
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## The Steel Valley Project
## Notes to the accounts for the year ended 31 March 2021 (continued)
## 5 Fees and other income
|Fees and other income|||
|---|---|---|
|Steel Valley Ride
Miscellaneous income|2021
£
-
1,056|2020
£
5,150
850|
||1,056|6,000|
All income from fees and trading is unrestricted.
## 6 Investment income
|Investment income|||||||
|---|---|---|---|---|---|---|
|Income from bank
deposits|Unrestricted
£
10|Restricted
£
-|2021
£
10|Unrestricted
£
51|Restricted
£
-|2020
£
51|
||10|-|10|51|-|51|
All of the charity's investment income arises from money held in interest bearing deposit accounts. All investment income is unrestricted.
## 7 Analysis of expenditure on charitable activities
|Depreciation
Staff costs
Premises costs
General running/operational costs
Other governance costs
Restricted expenditure
Unrestricted expenditure
Independent
examination|Total 2021
£
-
82,117
11,504
19,623
850|Total 2020
£
-
84,001
12,210
64,338
850|
|---|---|---|
||114,094|161,399|
||2021
£
46,850
67,244|2020
£
32,647
128,752|
||114,094|161,399|
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The Steel Valley Project
## Notes to the accounts for the year ended 31 March 2021 (continued)
## 9 Net income/(expenditure) for the year
This is stated after charging/(crediting):
||||
|---|---|---|
|This is stated after charging/(crediting):|2021|2020|
||£|£|
|Depreciation|-|-|
|Independent examiner's remuneration|||
|- accountancy|250|250|
|- independent examination|600|600|
## 10 Staff costs
Staff costs during the year were as follows:
|ff costs during the year were as follows:|||
|---|---|---|
|Wages and salaries
Social security costs
Employers pension contributions
Volunteer costs
Staff expenses, training and recruitment|2021
£
75,332
1,761
4,002
-
1,022|2020
£
72,482
3,095
1,962
3,465
2,997|
||82,117|84,001|
No employee has employee benefits in excess of £60,000 (2020: Nil).
The average number of staff employed during the period was 4 (2020: 4).
The average full time equivalent number of staff employed during the period was 3 (2020: 2.8).
The key management personnel of the charity comprise the trustees and the Project Manager and the Environmental Project Officers. The total employee benefits of the key management personnel of the charity were £75,332 (2020: £74,444).
## 11 Trustee remuneration and expenses, and related party transactions
Neither the trustees nor any persons connected with them received any remuneration or reimbursed expenses during the year (2020: Nil).
Aggregate donations from related parties were £nil (2020: £nil).
There are no donations from related parties which are outside the normal course of business and no restricted donations from related parties.
No trustee or other person related to the charity had any personal interest in any contract or transaction entered into by the charity, including guarantees, during the year (2020: nil).
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The Steel Valley Project
Notes to the accounts for the year ended 31 March 2021 (continued)
## 12 Government grants
The government grants recognised in the accounts were as follows:
|Sheffield City Council
Stocksbridge Council|2021
£
32,000
6,000|2020
£
28,761
5,000|
|---|---|---|
||38,000|33,761|
There were no unfulfilled conditions and contingencies attaching to the grants.
## 13 Corporation tax
The charity is exempt from tax on income and gains falling within Chapter 3 of Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. No tax charges have arisen in the charity.
|14
Fixed assets: tangible assets
Cost
Additions
Disposals
At 31 March 2021
Depreciation
Charge for the year
Disposals
At 31 March 2021
Net book value
At 31 March 2021
At 31 March 2020
At 1 April 2020
At 1 April 2020|Plant and
Machinery
£
16,521
-
-|Fixtures,
Fittings and
Equipment
£
11,479
-
-|Motor
vehicles
£
6,900
-
-|Total
£
34,900
-
-|
|---|---|---|---|---|
||16,521|11,479|6,900|34,900|
||16,521
-
-|11,479
-
-|6,900
-
-|34,900
-
-|
||16,521|11,479|6,900|34,900|
||-|-|-|-|
||-|-|-|-|
16
Doc ID: e5cdea380d165f1b9e8070283094aef45897d349
## The Steel Valley Project
## Notes to the accounts for the year ended 31 March 2021 (continued)
## 16 Debtors
|Debtors|||
|---|---|---|
|Trade and grant debtors
Prepayments and accrued income|2021
£
11,315
-|2020
£
16,753
-|
||11,315|16,753|
## 17 Creditors: amounts falling due within one year
|Trade creditors and accruals
Taxation and social security costs|2021
£
850
1,268|2020
£
850
-|
|---|---|---|
||2,118|850|
## 19 Analysis of movements in restricted funds
|Edward Street Green Space
HMRC JRS
SCC - Trees & Woodland
SLLP Bike Project
SLLP Fox Glen
SLLP Woodland Heart
Strimer Appeal
South Yorkshire Forrest
Environment Trust|Balance at
1 April
2020
£
1,725
-
2,500
-
-
-
-
719|Income
£
-
15,916
-
22,000
6,625
2,126
1,768
-|Expenditure
£
-
(15,916)
(54)
(22,000)
(5,701)
(1,600)
(1,579)
-|Transfers
£
-
-
-
-
-
-
-|Balance at
31 March
2021
£
1,725
-
2,446
-
924
526
189
719|
|---|---|---|---|---|---|
||4,944|48,435|(46,850)|-|6,529|
17
Doc ID: e5cdea380d165f1b9e8070283094aef45897d349
## The Steel Valley Project
## Notes to the accounts for the year ended 31 March 2021 (continued)
## 19 Analysis of movements in restricted funds (continued)
|Balance at
1 April
2020
£
Bridge Community Shop
183
Edward Street Green Space
-
Joseph Sheldon Trust
254
Penistone Round Table
-
Open Gate Trust
166
-
SCC - Trees & Woodland
2,949
South Yorkshire Community Founda
-
SLLP Access to Heritage
1,249
SLLP Bowcroft Cemetary
2,201
SLLP Fox Glen
-
SLLP Restoring the Latice
3,219
SLLP Woodland Heart
-
Strimer Appeal
669
Virgin Money Fund
-
10,890
South Yorkshire Forrest
Previous
reporting
period|Balance at
1 April
2020
£
Bridge Community Shop
183
Edward Street Green Space
-
Joseph Sheldon Trust
254
Penistone Round Table
-
Open Gate Trust
166
-
SCC - Trees & Woodland
2,949
South Yorkshire Community Founda
-
SLLP Access to Heritage
1,249
SLLP Bowcroft Cemetary
2,201
SLLP Fox Glen
-
SLLP Restoring the Latice
3,219
SLLP Woodland Heart
-
Strimer Appeal
669
Virgin Money Fund
-
10,890
South Yorkshire Forrest
Previous
reporting
period|Income
£
1,000
1,725
1,150
-
2,500
23,036
5,404
-
4,407
3,591
18,449
50
1,000|Expenditure
£
(1,183)
-
(1,404)
(166)
-
(25,985)
(6,653)
(2,201)
(4,407)
(6,810)
(18,449)
-
(1,000)|Transfers
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-|Balance at
31 March
2021
£
-
1,725
-
-
-
2,500
-
-
-
-
-
-
-
719
-|
|---|---|---|---|---|---|
||10,890|62,312|(68,258)|-|4,944|
The balances on restricted funds are all unexpended grants for the charity's projects. Transfers from restricted funds occur when capital items are purchased and this satisfies the restriction on the funding.
18
Doc ID: e5cdea380d165f1b9e8070283094aef45897d349
## The Steel Valley Project
## Notes to the accounts for the year ended 31 March 2021 (continued)
## 20 Analysis of movement in unrestricted funds
|General fund
Previous
reporting
period
General fund|Balance at
1 April
2020
£
61,488|
Income
£
77,300|Expenditure
£
(67,244)|Transfers
£
-|As at 31
March 2021
£
71,544|
|---|---|---|---|---|---|
||61,488|77,300|(67,244)|-|71,544|
||Balance at
1 April
2019
£
41,580|
Income
£
113,049|Expenditure
£
(93,141)|Transfers
£
-|31 March
2020
£
61,488|
||41,580|113,049|(93,141)|-|61,488|
General fund The free reserves of the charity
## 21 Analysis of net assets between funds
|Tangible fixed assets
Net current assets/(liabilities)
Total|General
fund
£
-
71,544|Designated
funds
£
-
-|Restricted
funds
£
-
6,529|Total
£
-
78,073|
|---|---|---|---|---|
||71,544|-|6,529|78,073|
19
Doc ID: e5cdea380d165f1b9e8070283094aef45897d349