Company number: 04394953 Charity Number: 1095510 The Steel Valley Project Report and financial statements for the year ended 31 March 2024 Do¢ ID: 53f74cOe3f90ddab9329dba946f51 bc7c1868349
Company number 04394953 Charity number 1095510 Registered office and operational address The Arc Manchester Road Stocksbridge Sheffield S36 2DT Trustees E Heath-whyte M Travis K Craik E Heath- Whyte R Moss J Rocket M Hood D Holmes Chair Vice Chair Treasurer Secretary 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 Withington Works Withington Baths 30 Burton Road Manchester, M20 3EB Doc ID: 53f74cOe3f90ddab9329dba946f51 bc7c1868349
The trustees present their report and the unaudited financial statements for the year ended 31 March 2024. Reference and administrative information set out on page I 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, advlce, trainlng and supervlslon to volunteers, tralnees 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 trainingi 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 Management and staff have worked hard to resume full levels of activity following the impact of Covid Staff are now fully active both in the office and in the field. Volunteer recruitment is recovering but is gradually coming back up to strength. In summary the Project has improved Iokm of paths and 12 hectares of land and has engaged a total of 1,069 volunteer hours. Individual projects and partnerships main achievements include stocksbridge & Bradfield Nature Based Solutions- continued work on a 12-site natural flood management project, working with Sheffield City Council, Woodland Trust & Forestry England. Deepcar St John's School- Courtyard Garden renovation and footpath work. Doc ID: 53f74cOe3f90ddab9329dba946f51 bc7c1868349
Sheffield City Council Woodlands- continued programme of woodland management and site improvements. Sheffield City Council Parks- created new wildflower meadows in Angram Bank, Concord Park and Ecclesfield Park. Liberty Steel- continued programme of non-operational land management. Woodland Trust- Bitholmes Wood meadow and woodland management work. Sheffield City Council Allotments- clearing vegetation to enable dilapidated plots to be let out to members of the public. St Nicholas Church- Installed 2 new self-closing gates to ensure sheep couldn't access parts of the graveyard. Friends of Oxley Park- helping to locate a huge wooden troll sculpture to its new home in Oxley park. Further details of Steel Valley Projects and outputs during the current financial year can be found in the published Annual Report which is available on the Steel Valley Website- htt steelvalle ro ect.or 2024 07 29 eneral-mana ers-annual-re ort Beneficiaries of our services The Steel Valley Project has continued to work with core partners and with the local community and recognises the importance of keeping all supporters engaged. Visitors to the area, private businesses, schools, local authorities and relevant departments and wildlife have all derived benefits from Steel Valley Projects undertaken in the reporting period. Individuals from a wide range of backgrounds and needs have also benefitted from the work of the steel Valley Project as volunteers and trainees through training, practical experience and mentoring from Steel Valley Project staff. Many of the volunteers the Steel Valley project works with are from backgrounds with multiple disadvantages and through volunteering have gained positive outcomes. It is the Steel Valley Project's removal of barriers to volunteering, such as provisions for expenses, refreshments and support that enables people from a range of backgrounds to engage with volunteering projects to the Charity. The Steel Valley Project remains fully committed to engaging with local communities with a full programme of volunteer activities and community events. The Project will continue to promote the health and welfare benefits of taking part in outdoor activities and engaging with nature as a vital part of Covid recovery and sustainable development. Financial review The final accounts for the year are encouraging, showing a total income of £155,596 (2023: £180,201) and expenditure of £150,208 (2023: £165,485), giving a surplus of £5,388 (2023: £14,716). This is the second consecutive year that the project has secured a profit following the period affected by Covid, and providing a sound basis for going on into the future, providing funding for current and future projects of substance can be secured. The main grants this year were from Sheffield City Council and Speciality Steel Uk Ltd. Contract works were carried out for a range of clients, in line with the charity's objects, to support the core costs. 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. Doc ID: 53f74cOe3f90ddab9329dba946f51 bc7c1868349
Reserves pol icy 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 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 £73,099, 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. Structurei 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 18th June 2004. The organisation was established in April 1988 and registered as a charity on 21st 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 2024 was 8 (2023.8). 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. Doc ID: 53f74cOe3f90ddab9329dba946f51 bc7c1868349
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 by: 919124 and signed on their behalf Name: Ed Heath-whyte Title.. Trustee and Chair Doc ID: 53f74cOe3f90ddab9329dba946f51 bc7c1868349
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 2024 which are set out on pages 7 to 19. 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: l) 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 ILE 23 September 24 Date .................................... Doc ID: 53f74cOe3f90ddab9329dba946f51 bc7c1868349
The Steel Valley Project Statement of Financial Activities (including Income and Expenditure account) for the year ended 31 March 2024 Unrestricted funds Restricted funds Total funds 2024 Total funds 2023 Note Income Donations and legacies 2,324 2,324 422 Grants and charitable contracts 127,331 24,018 151,349 176,233 Fees and other income 1,589 1,589 3,435 Investments 334 334 iii Total income 131,578 24,018 155,596 180,201 Expenditure Charitable activities 147,905 2,303 150,208 165,485 Total expenditure 147,905 2,303 150,208 165,485 Net income/(expenditure) for the year (16,327) 21,715 5,388 14,716 Transfer between funds Net movement In funds for the year (16,327) 21,715 5,388 14,716 Reconciliation of funds Total funds brought forward 89,426 89,426 72,190 Total funds carried forward 73,099 21,715 94,814 86,906 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. Doc ID: 53f74cOe3f90ddab9329dba946f51 bc7c1868349
The Steel Valley Project Company number 4394953 Balance sheet as at 31 March 2024 Note 2024 2023 Fixed assets Tangible assets 14 Total fixed assets Current assets Debtors Cash at bank and in hand 16 25,574 78,551 450 91,937 Total current assets 104,125 92,387 Liabilities Creditors: amounts falling due in less than one year 17 (9,311) (2,961) Net current assets 94,814 89,426 Total assets less current liabilities 94,814 89,426 Creditors: amounts falling due after more than one year 18 Net assets 94,814 89,426 Funds of the charity Restricted income funds Unrestricted income funds 19 21,715 73,099 20 89,426 Total charity funds 94,814 89,426 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, responsi bil ities: 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 and signed on their behalf by: Ed Heath-wh te Name Signed Doc ID: 53f74cOe3f90ddab9329dba946f51 bc7c1868349
The Steel Valley Project Notes to the accounts for the year ended 31 March 2024 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 l 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 l as published on 2 February 2016 and does not include a cash flow statement on the grounds that it is applying FRS 102 section IA. The Steel Valley Projett 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. Doc ID: 53f74cOe3f90ddab9329dba946f51 bc7c1868349
The Steel Valley Project Notes to the accounts for the year ended 31 March 2024 (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 charityi this is normally upon notification of the interest paid or payable by the Bank. io Doc ID: 53f74cOe3f90ddab9329dba946f51 bc7c1868349
The Steel Valley Project Notes to the accounts for the year ended 31 March 2024 (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. l 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: Office fixtures and equipment Motor vehicles: 4 years 4 years 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. li Doc ID: 53f74cOe3f90ddab9329dba946f51 bc7c1868349
The Steel Valley Project Notes to the accounts for the year ended 31 March 2024 (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. Legal status of the charltv 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 l. Income from donations and legacies Unrestricted Restricted Total 2024 Unrestricted Restricted Total 2023 Donations Donated services 2,324 2,324 422 422 Total 2,324 2,324 422 422 12 Doc ID: 53f74cOe3f90ddab9329dba946f51 bc7c1868349
The Steel Valley Project Notes to the accounts for the year ended 31 March 2024 (continued) Income from charitable activities U n restricted Restricted Total 2024 Unrestricted Restricted Total 2023 Aviva Community Fund Bradfield Parish Council Coop Emmaus Sheffield HMRC- JRS Sheffield City Council SCC - Trees & Woodland Stocksbridge Town Council Sheffield Wildlife Trust Speciality Steel UK Ltd Joseph Sheldon Trust Barnsley & Rotherham Chamber of Commerce Wantley Dragon West Riding Freemasons Grants < £1,000 Subtotal for Grant income 2,962 2,962 6,000 6,000 4,043 8,946 4,043 8,946 2,850 2,850 22,000 22,000 11,000 11,000 6,500 6,500 6,000 6,000 15,246 15,246 10,000 10,000 10,000 10,000 1,000 1,000 1,985 1,985 2,018 2,018 2,000 500 2,000 500 16,500 24,018 40,518 22,000 50,532 72,532 Bradfield Parish Council Christ Church Deepcar St Johns Di Tiddy Environment agency John Barrand Sheffield City Council peciaiiry sieeis UK Ltd Sheffield Wildlife Trust The Woodland Trust Contracts < £1,000 Subtotal for Contract 400 3,300 1,666 3,333 400 3,300 1,666 3,333 1,315 1,315 52,697 2,434 3,070 52,697 2,434 3,070 29,663 29,663 41,264 41,264 36,681 36,681 19,904 19,904 8,520 2,660 375 8,520 2,660 375 6,300 950 6,300 950 110,831 110,831 103,701 103,701 Total 127,331 24,018 151,349 125,701 50,532 176,233 13 Doc ID: 53f74cOe3f90ddab9329dba946f51 bc7c1868349
The Steel Valley Project Notes to the accounts for the year ended 31 March 2024 (continued) Fees and other income 2024 2023 Steel Valley Ride Christmas trees Miscellaneous income 1,548 2,520 2,332 1,103 41 1,589 3,435 All income from fees and trading is unrestricted. Investment income Unrestricted Restricted 2024 Unrestricted Restricted 2023 Income trom bank deposits 334 334 111 111 334 334 111 111 All of the charity's investment income arises from money held in interest bearing deposit accounts. All investment income is unrestricted. Analysis of expenditure on charitable activities Total 2024 Total 2023 Depreciation Staff costs Premises costs General running costs Project & operational costs Other governance costs Independent examination 84,558 11,911 8,288 44,526 89,279 12,596 8,475 54,235 925 900 150,208 165,485 2024 2023 Restricted expenditure Unrestricted expenditure 2,303 147,905 53,488 111,997 150,208 165,485 14 Doc ID: 53f74cOe3f90ddab9329dba946f51 bc7c1868349
The Steel Valley Project Notes to the accounts for the year ended 31 March 2024 (continued) Net income/{expenditure} for the year This is stated after charging/(crediting): 2024 2023 Depreciation Independent examiner's remuneration accountancy independent examination 290 635 275 625 10 Staff costs Staff costs during the year were as follows.. 2024 2023 Wages and salaries Social security costs Employers pension contributions Payroll fees Staff expenses, training and recruitment 77,416 2,053 2,210 81,072 2,446 2,396 444 2,921 2,879 84,558 89,279 No employee has employee benefits in excess of £60,000 (2023: Nil). The average number of staff employed during the period was 3 (2023.. 3). The average full time equivalent number of staff employed during the period was 2.4 (2023: 2.6). The key management personnel of the charity comprise the trustees and the Project Manager and the Environmental Project Officer. The total employee benefits of the key management personnel of the charity were £71,052 (2023: £73,987). I l 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 (2023: Nil). Aggregate donations from related parties were £nil (2023: £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 (2023: nil). 15 Doc ID: 53f74cOe3f90ddab9329dba946f51 bc7c1868349
The Steel Valley Project Notes to the accounts for the year ended 31 March 2024 (continued) 12 Government grants The government grants recognised in the accounts were as follows: 2024 2023 Sheffield City Council Stocksbridge Council HMRC JRS 22,000 6,500 13,850 6,000 28,500 19,850 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 Fixtures, Fittings and Equipment Plant and Machinery Motor vehicles Total Cost At l April 2023 Additions Disposals 16,521 11,479 6,900 34,900 At 31 March 2024 16,521 11,479 6,900 34,900 Depreciation At l April 2023 Charge for the year Disposals 16,521 11,479 6,900 34,900 At 31 March 2024 16,521 11,479 6,900 34,900 Net book value At 31 March 2024 At 31 March 2023 16 Doc ID: 53f74cOe3f90ddab9329dba946f51 bc7c1868349
The Steel Valley Project Notes to the accounts for the year ended 31 March 2024 (continued) 16 Debtors 2024 2023 Trade and grant debtors Prepayments and accrued income 25,574 450 25,574 450 17 Creditors: amounts falling due within one year 2024 2023 Trade creditors and accruals Taxation and social security costs 1,912 7,399 1,423 1,538 9,311 2,961 19 Analysls of movements In restrlcted funds aiance at l April 2023 aiance at 31 March 2024 Income Expenditure Transfers SCC - Trees & Woodland Wantley Dragon 22,000 2,018 (285) (2,018) 21,715 24,018 (2,303) 21,715 17 Doc ID: 53f74cOe3f90ddab9329dba946f51 bc7c1868349
The Steel Valley Project Notes to the accounts for the year ended 31 March 2024 (continued) 19 Analysis of movements in restricted funds (continued) Previous reporting Deriod 5aiance at l April 2023 aiance at 31 March 2024 Income Expenditure Transfers Aviva Community Fund Bridge Community Project Coop Edward Street Green Space Emmaus Garden Penistone Round Table Joseph Sheldon Trust - Keep SCC - Trees & Woodland South Yorkshire Community Founda Kickstart Barnsley & Rotherham SLLP Access to Heritage SLLP Bike Pmject SLLP St Nicholas Church Stocksbridge Town Fund Strimer Appeal West Riding Freemasons 2,962 500 4,043 (2, 962) (756) (4, 043) (1,725) (8, 946) 256 1,725 8,946 1,000 11,000 (1,000) (11,000) 1,985 7,860 4,957 2,429 2,850 (1,985) (8,116) (4,957) (2,429) (2,850) (719) (2,000) 256 719 2,000 2, 956 50,532 (53,488) 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: 53f74cOe3f90ddab9329dba946f51 bc7c1868349
The Steel Valley Project Notes to the accounts for the year ended 31 March 2024 (continued) 20 Analysis of movement in unrestricted funds Lsaiance at l April 2023 Asat31 Expenditure Transfers March 2024 Income General fund 89,426 131,578 (147,905) 73,099 89,426 131,578 (147,905) 73,099 Prevlous reporting Deriod Llalance at l April 2022 31 March 2023 Income Expenditure Transfers General fund 69,234 132,189 (111,997) 89,426 69,234 132,189 (111,997) 89,426 General fund The free reserves of the charity 21 Analysis of net assets between funds General fund Designated Restricted funds funds Total Tangible fixed assets Net cu rrent assets/( l labilities) 73,099 21,715 94,814 Total 73,099
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94,814 19 Doc ID: 53f74cOe3f90ddab9329dba946f51 bc7c1868349