Company number: 04394953
Charity Number: 1095510
The Steel Valley Project
Report and financial statements
for the year ended 31 March 2024
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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
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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.
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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.
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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.
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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
by:
919124
and signed on their behalf
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 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 ....................................
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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.
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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
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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.
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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
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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
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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
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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
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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
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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
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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
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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
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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
#REF!
94,814
19
Doc ID: 53f74cOe3f90ddab9329dba946f51 bc7c1868349