OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2022-03-31-accounts

Charity registration number 1099954

Company registration number 04864374 (England and Wales)

NORTH DONCASTER DEVELOPMENT TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

NORTH DONCASTER DEVELOPMENT TRUST

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Mrs B M Gill
Mr C M Hogarth
Mr J Mounsey
Mrs V Powell-Hoyland
Mrs L E Wagstaff
Mrs I Beech
Charity number 1099954
Company number 04864374
Principal address Bentley Resource Centre
High Street
Bentley
Doncaster
South Yorkshire
DN5 0AA
Registered office Bentley Resource Centre
High Street
Bentley
Doncaster
South Yorkshire
DN5 0AA
Independent examiner Brearley & Co Accountants Limited
39/43 Bridge Street
Swinton
Mexborough
South Yorkshire
S64 8AP
Bankers Natwest Bank Plc
12 High Street
Doncaster
South Yorkshire
DN1 1ED

NORTH DONCASTER DEVELOPMENT TRUST

CONTENTS

Page
Trustees report 1 - 5
Statement of Trustees responsibilities 6
Independent examiner's report 7
Statement of financial activities 8
Balance sheet 9 - 10
Notes to the financial statements 11 - 18

NORTH DONCASTER DEVELOPMENT TRUST

TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 MARCH 2022

The trustees present their annual report and financial statements for the year ended 31 March 2022.

The charity's governing document is its Memorandum and Articles of Association, dated 29th January 2003, which were revised in January 2016 at the Annual General meeting, where the board agreed to reduce the trustee board members to a maximum of 12.

Objectives and activities

The charity is a not for profit organisation created to promote the economic development and regeneration of North Doncaster. The primary area the Trust covers is the North of Doncaster, however this is not inclusive and includes working across Doncaster, closely working in partnership with communities and all parts of the voluntary sector.

Organisation

The charity is governed by a Board of Trustees, which can have up to 12 members, and is responsible for setting the strategic direction of the organisation and establishing policy. The Board meets regularly and sub-committees are formed as necessary. The Community Co-coordinator, appointed by the Trustees, manages the day to day operations of the charity and facilitates effective operations; she has delegated authority, within terms of delegation approved by the Trustees, for operational matters including finance, employment and project development. The Development Manager supports the trustee with strategic aims and outcomes, identifying and developing areas of opportunity. Her focus is to develop programs within the Northern communities to improve their lives. She provides a leadership role and the co-ordination of the two community centres. However all final decisions are made by the board on key issues and strategic direction.

Trustee Induction and Training

New Trustees undergo orientation to brief them on their legal obligations under charity and company law, the content of the Memorandum and Articles of Association, the committee and decision making processes, the business plan and recent financial performance of the charity. Trustees are encouraged to attend appropriate external training events which facilitate the undertaking of their role. The Trust is always keen to attract new Trustees to its board.

The Trust Objectives

The Trust was created for the promotion of economic, environmental and social regeneration of the primary area. The objectives concentrate on five major areas:

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake, whilst ensuring resident and community voice is listened, heard and action follows using coproduction.

NORTH DONCASTER DEVELOPMENT TRUST

TRUSTEES REPORT (CONTINUED)(INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 MARCH 2022

Achievements and performance

Continuing Uncertainty

As with previous recent years, this year continued to be challenging for many Third Sector organisations; Covid 19 has had a significant impact for North Doncaster Development Trust, along with many similar organisations. The board and staff continue focused on building the Charity and utilising the assets of the organisation to create sustainability, therefore removing the dependency on external funding. However, the board and staff increasingly recognise the need to explore new areas of funding as a micro-charity to enable community activities and support our fellow charities and community groups. Building on the work throughout 2021 into 2022 we have progressed with our vision to be an anchor organisation and we were successful with funding to support this for 2022-23.

This year the impact of Covid 19 has caused the Trust to work differently, understanding how we can encourage our residents to start to access our community activities and venues. Building on our community offer with a new food pantry, support residents to access food and finance support and to move away from a transitional food bank offer.

The board, staff and volunteers have not let Covid 19 stop their passion for supporting our communities, we were successful with accessing funding for a Get Doncaster Moving Community Connector to support residents to get active, which enable us to have a greater understanding our our communities wants, needs and aspirations. Moreover, we have been working closely with Well Doncaster to support their Appreciative Inquiry approach, where the findings have been twofold for ourselves and Well Doncaster.

We successfully secured several small funding amounts to strengthen the community development required to understand the need of the residents. We worked closely with key partners and Doncaster Council to build a community collaborative; this is working well and there is a shared vision to develop collective funding bids.

The development of Bullcroft Memorial Hall and Bentley Resource Centre continues to be a primary focus for the organisation, creating community centres for local activities and wellbeing, and ensuring sustainability for the trust. Both buildings have had challenges throughout the year but have started to see an increase in revenue from ad-hoc bookings with residents coming back to community activities as part of a new ‘normal’ approaches whilst ensuring all Covid health protection measures are in place.

Partnership working is also an integral part of NDDT's focus, working and co-producing with The Ridge Employability College has gone from strength to strength. Bev-Ridge, their community café, is starting to be a great asset for the residents of Doncaster and is a strong partnership supporting young people to gain skills in a different educational environment. This is invaluable to all.

The direct impact of Covid 19 on our community transport was significant, our main users are from vulnerable groups, therefore not able to travel for greater part of the year. The development of community transport is high on our agenda; we are working with local community groups to support the reduction of loneliness and social isolation and increased well-being.

The direct impact of Covid 19 on our community transport was significant, our main users are from vulnerable groups, therefore not able to travel for the greater part of the year. The development of community transport is high on our agenda; we are collaborating with local community groups to support the reduction of loneliness and social isolation and increased well-being.

NORTH DONCASTER DEVELOPMENT TRUST

TRUSTEES REPORT (CONTINUED)(INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 MARCH 2022

Unique Position of the Trust

The Trust remains in a unique position in North Doncaster in having an umbrella perspective and has utilised this to develop several projects to support the organisations aims. Through the recognition and reputation of the trusts previous activities, the organisation finds itself in a good position to support and offer advice to smaller organisations within the community.

Business Sector Development

Brooklands Trading Estate work units are partly owned by the Trust. Discussions which started in 2015 continue with the individual shareholders of Brooklands. Conversations have continued throughout this year and the board are looking to have a resolution in place factoring in the constraints of the original funding bodies.

A Widening Financial Portfolio

As with many Third Sector organisations, every year brings further challenges. It is no different for NDDT. The Trust continues the process of moving from grant support to self sufficiency, which, in turn has enabled it to continue or develop previously grant aided projects. The Trust has a mixture of funding in its portfolio including a variety of contracts, grant aided projects, income from the Resource Centres and interest on capital.

Dedication

The staff, volunteers and Board have continued to work hard to deliver existing projects, prepare funding bids and successfully develop new opportunities under the increasingly difficult economic circumstances facing all sectors, and particularly the third sector. The Trust continues to investigate ways to develop, maintain and enhance its strengths. This requires commitment from all. As ever, the Trustees would like to thank everyone who contributed to the Trust’s ongoing operational success, in particular the staff who have worked incredibly hard in difficult times and with great commitment.

Financial review

The financial results of the charity are set out on pages 8 to 18 At 31st March 2022 the accounts show the Trust to be in a financial position with net assets of £567,493 of which £34,319 are unrestricted. The value of the Balance Sheet has increased over the year by £5,958 The Trust's dependence on grant funding has reduced significantly but it has benefited from some small projects being funded by grant-making bodies. Unrestricted funding comes through a wide variety of activities. The accumulated reserves have been invested primarily in savings accounts chosen to provide appropriate security in uncertain financial markets.

The expenditure over the last year continues to see the development of activities that meet the needs of deprived people living in the Doncaster area. Community Transport and The Bullcroft Memorial Hall are good examples of this, both of which have been successful in gaining additional funding to support projects in 2018.

The main concern for the Trust remains the development of earned income so that the Trust can be self sufficient and can provide an infrastructure that supports the needs of communities and their organisations.

It is felt that there is still an important role for the Trust to play in this area. Unrestricted funds represent the Trust’s working reserves that helps us to ensure that we are able to continue with our obligations in the event of a shortfall in income or a sudden upturn in expenditure. The balance of unrestricted funds at 31 March 2022 represents a figure equating to approximately three months of operating income in line with Charity Commission recommendations. The Trustees regard this as satisfactory and a necessarily prudent approach. However, the reserves policy is reviewed regularly by the board.

NORTH DONCASTER DEVELOPMENT TRUST

TRUSTEES REPORT (CONTINUED)(INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 MARCH 2022

Risk management

The Trustees have reviewed the major risks to which the charity is exposed and systems have been established to mitigate those risks. These are reviewed periodically. The approach to addressing risk is in a broad context, with emphasis on strategic and reputational risks in addition to the more familiar areas of operational and financial risks, compliance with statutory requirements and internal control procedures. During the year our risk management has focused on a variety of issues ranging from safeguarding assets in a difficult investment market to addressing health and safety procedures.

Looking to the future

As referred to earlier the Memorandum and Articles of Association have been rewritten to better suit the challenges the organisation faces moving forward; this includes having a smaller number of Trustee. The numbers of trustees have reduced over the last two years and in view of this adverts have been issued prior to the AGM to attract new Board Members with certain skills to further strengthen the Board of Trustees. New trustees are always welcome.

Structure, governance and management

Governing document

The charity’s governing document is its Memorandum and Articles of Association, dated 29th January 2003, which were revised in January 2016 at the Annual General meeting, where the board agreed to reduce the trustee board members to a maximum of 12.

The trustees, who are also the directors for the purpose of company law, and who served during the year were:

Mrs B M Gill Mr C M Hogarth Mr J Mounsey Mrs V Powell-Hoyland Ms D M Foster (Resigned 9 June 2021) Mrs L E Wagstaff Mrs I Beech Mr S Denman (Resigned 9 March 2022)

Recruitment and appointment of new trustees

There were various trustees who have both been appointed, and have resigned, since the year end. These can be seen above.

None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up.

NORTH DONCASTER DEVELOPMENT TRUST

TRUSTEES REPORT (CONTINUED)(INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 MARCH 2022

Organisational structure

The charity is governed by a Board of Trustees, which can have up to 12 members, and is responsible for setting the strategic direction of the organisation and establishing policy. The Board meets regularly and subcommittees are formed as necessary. The Community Co-ordinator, appointed by the Trustees, manages the day to day operations of the charity and facilitates effective operations; she has delegated authority, within terms of delegation approved by the Trustees, for operational matters including finance, employment and project development. However all final decisions are made by the board on key issues and strategic direction.

The board made a decision in September 2016 to restructure the organization. This affected 3 staff members who all took voluntary redundancy. The Community Co-ordinator was then appointed to work on the community development and management of sites. The restructure was essential due to the large staff overhead cost which required reducing to fit in line with the current economic situation.

New Trustees undergo orientation to brief them on their legal obligations under charity and company law, the content of the Memorandum and Articles of Association, the committee and decision making processes, the business plan and recent financial performance of the charity. Trustees are encouraged to attend appropriate external training events which facilitate the undertaking of their role. The Trust is always keen to attract new Trustees to its board.

Related parties

The charity has no related parties with whom it deals with.

The Trustees report was approved by the Board of Trustees.

.............................. Mrs V Powell-Hoyland

Trustee Dated: .........................

NORTH DONCASTER DEVELOPMENT TRUST

STATEMENT OF TRUSTEES RESPONSIBILITIES

FOR THE YEAR ENDED 31 MARCH 2022

The trustees, who are also the directors of North Doncaster Development Trust for the purpose of company law, are responsible for preparing the Trustees Report and the accounts in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company Law requires the trustees to prepare accounts for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.

In preparing these accounts, the trustees are required to:

The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the accounts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

NORTH DONCASTER DEVELOPMENT TRUST

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF NORTH DONCASTER DEVELOPMENT TRUST

I report to the trustees on my examination of the financial statements of North Doncaster Development Trust (the charity) for the year ended 31 March 2022.

Responsibilities and basis of report

As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).

Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

Brearley & Co Accountants Limited

Chartered Certified Accountants 39/43 Bridge Street Swinton Mexborough South Yorkshire S64 8AP

Dated: .........................

NORTH DONCASTER DEVELOPMENT TRUST

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2022

Unrestricted
Designated
Restricted
funds
funds
funds
Notes
£
£
£
Income and endowments from:
Donations and legacies
3
33,994
-
-
Charitable activities
North Doncaster Community
Transport Project
21,092
-
-
Bentley Resource Centre
34,268
-
-
Bullcroft Memorial Hall
65,743
-
-
Investments
4
15
-
-
Other income
5
-
-
674
Total income
155,112
-
674
Expenditure on:
Charitable activities
6
149,828
-
-
Net income for the year/
Net movement in funds
5,284
-
674
Fund balances at 1 April 2021
29,035
107,500
425,000
Fund balances at 31 March
2022
34,319
107,500
425,674		 Total
2022
£
33,994
21,092
34,268
65,743
15
674
155,786
149,828
5,958
561,535
567,493		 Total
2021
£
94,597
8,133
50,569
17,318
24
-
170,641
137,714
32,927
528,608
561,535

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

NORTH DONCASTER DEVELOPMENT TRUST

BALANCE SHEET

AS AT 31 MARCH 2022

Notes
Fixed assets
Tangible assets
9
Investments
10
Current assets
Debtors
11
Cash at bank and in hand
Creditors: amounts falling due within
one year
Taxation and social security
Other creditors
12
Net current assets
Total assets less current liabilities		 2022
£
40,718
226,615
267,333
892
159,411
160,303		 £
385,463
75,000
460,463
107,030
567,493		 2021
£
29,003
163,269
192,272
747
91,460
92,207		 £
386,470
75,000
461,470
100,065
561,535

NORTH DONCASTER DEVELOPMENT TRUST

BALANCE SHEET (CONTINUED)

AS AT 31 MARCH 2022

Notes
Income funds
Restricted funds
Unrestricted funds
Designated funds
General unrestricted funds		 2022
£
107,500
34,319		 £
425,674
141,819
567,493		 2021
£
107,500
(6,892)		 £
425,000
136,535
561,535

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2022. No member of the company has deposited a notice, pursuant to section 476, requiring an audit of these financial statements.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The accounts were approved by the Trustees on .........................

.............................. Mrs V Powell-Hoyland Trustee

Company Registration No. 04864374

NORTH DONCASTER DEVELOPMENT TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

1 Accounting policies

Charity information

North Doncaster Development Trust is a charitable company limited by guarantee incorporated in England and Wales. The registered office is Bentley Resource Centre, High Street, Bentley, Doncaster, South Yorkshire, DN5 0AA.

1.1 Accounting convention

The accounts have been prepared in accordance with the charity's memorandum and articles of association, the Companies Act 2006 and “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)” (as amended for accounting periods commencing from 1 January 2016). The charity is a Public Benefit Entity as defined by FRS 102.

The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.

1.3 Incoming resources

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.

Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

NORTH DONCASTER DEVELOPMENT TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

1 Accounting policies

(Continued)

1.4 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Property & improvements 4% straight line Fixtures, fittings & equipment 15% to 50% straight line Motor vehicles 25% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.5 Fixed asset investments

Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred.

1.6 Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.7 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

NORTH DONCASTER DEVELOPMENT TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

1 Accounting policies

(Continued)

1.8 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

2 Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3 Donations and legacies

Unrestricted
funds
2022
£
Goverment grants received
33,994
4
Investments
2022
£
Interest receivable
15
5
Other income
Restricted
funds
2022
£
Net gain on disposal of tangible fixed assets
674		 Total
2021
£
94,597
2021
£
24
Total
2021
£
-

NORTH DONCASTER DEVELOPMENT TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

6 Charitable activities

Staff costs
Depreciation and impairment
Training, secondments and other staff costs
Premises costs
Repairs and cleaning
Printing and stationery
Postage and telephone
Sundries
Computer and internet costs
Legal and professional
Motor expenses
Insurance
Direct project costs
Bank charges and interest
Bad debts
Analysis by fund
Unrestricted funds
Restricted funds
For the year ended 31 March 2021
Unrestricted funds
Restricted funds		 2022
£
65,970
5,580
774
39,436
2,898
547
1,339
162
4,690
6,935
10,039
5,347
4,838
593
680
149,828
149,828
149,828
-
134,714
3,000
137,714		 2021
£
59,888
5,256
719
28,823
2,322
313
1,574
655
5,780
7,276
8,166
6,411
9,986
545
-
137,714
137,714
134,714
3,000

7 Trustees

None of the trustees (or any persons connected with them) received any remuneration during the year (2021 - £Nil). Also, none of them were reimbursed any travelling expenses during the year (2021 - £Nil).

NORTH DONCASTER DEVELOPMENT TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

8 Employees

Number of employees

The average monthly number of employees during the year was:

2022 2021
Number Number
9 8
Employment costs 2022 2021
£ £
Wages and salaries 65,970 59,888

NORTH DONCASTER DEVELOPMENT TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

9
Tangible fixed assets
Property &
improvements
Fixtures,
fittings &
equipment
Motor vehicles
£
£
£
Cost
At 1 April 2021
472,314
193,899
65,690
Additions
-
4,573
-
Disposals
-
-
(16,575)
At 31 March 2022
472,314
198,472
49,115
Depreciation and impairment
At 1 April 2021
86,326
193,417
65,690
Depreciation charged in the year
4,893
687
-
Eliminated in respect of disposals
-
-
(16,575)
At 31 March 2022
91,219
194,104
49,115
Carrying amount
At 31 March 2022
381,095
4,368
-
At 31 March 2021
385,988
482
-		 Total
£
731,903
4,573
(16,575)
719,901
345,433
5,580
(16,575)
334,438
385,463
386,470

NORTH DONCASTER DEVELOPMENT TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

10 Fixed asset investments

Unlisted
investments
£
Cost or valuation
At 1 April 2021 & 31 March 2022 75,000
Carrying amount
At 31 March 2022 75,000
At 31 March 2021 75,000

11 Debtors

Amounts falling due within one year:
Trade debtors
Other debtors
Prepayments and accrued income		 2022
£
31,720
3,056
5,942
40,718		 2021
£
20,948
956
7,099
29,003

Other debtors consist of VAT repayable £3,056 (2021 - £956).

12 Other creditors falling due within one year

Other creditors falling due within one year
Trade creditors
Other creditors
Accruals and deferred income		 2022
£
12,406
3,568
143,437
159,411		 2021
£
8,071
3,568
79,821
91,460
Other creditors consist of bonds held £3,568 (2021 - £3,568).

NORTH DONCASTER DEVELOPMENT TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

13 Analysis of net assets between funds

Analysis of net assets between funds
Unrestricted
funds
Designated
funds
Restricted
funds
2022
2022
2022
£
£
£
Fund balances at 31 March 2022
are represented by:
Tangible assets
35,463
-
350,000
Investments
-
-
75,000
Current assets/(liabilities)
(1,144)
107,500
674
34,319
107,500
425,674		 Total
2022
£
385,463
75,000
107,030
567,493		 Total
2021
£
386,470
75,000
100,065
561,535