Charity ragistration number 1099954 Company reglstratlon numb&r 04864374 IEngland and Wales) NORTH DONCASTER DEVELOPMENT TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
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 Wagstsff Mrs l Beech Charty number 1099954 Company number 04864374 Prlnclpal address Bentley Resource Centre High Street Bentley Doncaster South Yorkshire DN5 OAA Registered office Bentley Resource Centre High Street Bentley Doncaster South Yorkshire DN5 OAA Independent examiner Brearfey & Co Accounlanls Limited 39143 Bridge Street Swinton Mexborough South Yorkshire S64 8AP Bankers Nast Bank PIC 12 High Street Doncaster South Yorkshire DN11ED
NORTH DONCASTER DEVELOPMENT TRUST CONTENTS Page Trustees report Stslemenl of Trustees responsibilities Independent examinerfs report Statement of financial activities Balance sheet 9-10 Notes lo the financial statements
NORTH DONCASTER DEVELOPMENT TRUST TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2024 The trustees present their annual report and financial statements for the year ended 31 March 2024. The charity's goveming document is ils Memorandum and Articles of Assoaalion, dated 29th January 2003, which were revised in January 2016 al the Annual General meeting, where the board agreed to reduce the ttuslee board members lo a maximum of 12. Objectives and activities The Charity is a not-for-profit organisalion Created lo 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 our reach includes working across Doncaster, diligently working in partnership with communities and all parts of the voluntary sector. nificant activities and ublic benefit The Trust was created for the promotion of economic, environmental, and social regeneration of the primary area. Ils. objectives ¢oncenlrale on five major areas. Helping people move Closer lo work. Supporting small and emerging businesses and social enterprises. Supporting voluntary and community groups. Improving the quality of life in communities and the wellbeing Df all Developing the Trust's sustainability. The trustees have paid due regard lo guidance Issued by the Charity Commission In deciding what activities the charity should undertake, whilst ensuring resident and community voice is listened lo, heard and action follows using coproduction.
NORTH DONCASTER DEVELOPMENT TRUST TRUSTEES REPORT (CONTINUED)(INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2024 Achievements and performance Continuing Uncertainty As with previous recent years, this year continued to be challenging for many Voluntary Sector organisations., the past year has seen continued Covid recovery, however as we move away from that challenge we are faced wfch challenges as part of the cost of living crisis. This report reflects those challenges and how the board of Trustees and dedicated staff have focused on enabling the partnerships and resources the Trust have built to be the foundations for the main activities throughout the past year. During 2023-24 the Trust continued lo work differently, building on the work of the previous year's successes, working with and for our residents, working closing with partners such as City of Doncaster Council ICDCI, The Ridge and The Bread and Butter Thing. All build on our community offer including via a referral only food pantry, a self-referral weekly food offer, where residents can request support at low cost yel affordable food that would otherwise go lo food waste. This supports residents who are facing financial difficulties and also provides an environmentsl solution. We continue to work closely wth CDC Well Doncaster lo support their Appreciative Inquiries,. the findings providing both organisalions with Important community input. Our community connector spoke wth over 400 residents over the 12-monlh period, asking positive questions about what they like about where they live and what does good health look like lo them. These conversation5 provide part of CDC intelligence foi Doncasler's corporate plan and they also enable NDDT lo listen to residents views, helping shape our community offer. We successftjlly secured several new ftjnding streams. small funding amounts lo strengthen the community development required to understand the need of residents. We continue to work dosely with key partners and City of Doncaster Council, building a community collaborative. This is working well and there is a shared vision to develop collective funding bids. This collaborative working has been a significant development for the Trust, as part of City of Doncaster City's Well Doncaster community capacity Investment fund where the Trust continues to be the lead anchor organisats.on distribub.ng ils. Community Investment fund. The investment fund for 2023-24 has enabled the trust 10 5UPPOrt 19 smallei grassrool organisalions, 5UPPOrting them to apply for the funds and helping wth monitoring requirements. This as enabled a lotsl investment of £34,335 into community activities, the Trustees of NDDT played a vital role in the Community Investment fund, offering support as panel members and sharing the grant application process across our communities. The development of Bullcroft Memorial Hall and Benuey Resource Centre continue to be a primary focus for the organisalion, 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 lo see an increase In revenue from ad-hoc bookings with residents retuming to community aclivilies. Partnership working is an integral part of NDDT'S focus, working and co-producing wlh The Ridge Employability College has gone from strength lo strength. Bev-Ridge, their community café, is 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 and often not able lo travel. The development of community transport is high on our agenda and we are working wth local community groups to support the reduction of loneliness and social isolation and increased well-being. Trustees, stsff and volunteers have not let the past challenges of covid, and the current cost of living slop their passion for supporting our communities and were successful with funding for a Gel Doncaster Moving CommLJnity Connector role for a further year to support residents to get out and about. which enables us to have greater understanding of our communities wants, needs and aspirations.
NORTH DONCASTER DEVELOPMENT TRUST TRUSTEES REPORT (CONTINUED)(INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2024 Unique Position of the Trust The Trust stays in a unique position in North Doncaster in having an umbrella perspective and has utilised this to develop several proje$ to support the organisalions aims. Through the recognition and reputation of the Trusts earlier activities. the organisab'on finds itself in an advantageous position to support and offer advice lo smaller organisations within the community. As such ftjture plans are to recognise our wider Doncaster role with a name change to Development Trust Doncaster. Busines5 Sector Development Brooklands Trading Eslale work units were partly owned by the Trust, discussions which started in 2015 with the individual sh8holderS of Brooklands came lo a positive outcome last year when the Trust sold their shares back to Brooklands ensuring the requirements of the funder were adhered lo. The in¢ome from the Sale continues to be held in a reserve account, accumulating interest and allowing for the Clawback period. A Widening Financial Portfolio As with many Voluntary Sector organisalions, every year brings further challenge. 11 is no different for NDDT. The Trust continues the process of moving from grant support lo self-suffi¢ien¢y, which, in turn has enabled il to Continue or develop previously grant aided projects. The Trust has a mixture of funding in ils portfolio including a variety of ntract$, grant aided projects, income from the Resource Cenlres and interest on Capitsl. Dedication staff, volunteers and Board trustees continue lo work hard to deliver existing projects, prepare funding bids and successfully develop new opportunities under the unfavourable economic circumstances facing all sectors, and particularly the voluntary sector. The Trust continues lo investigate ways lo develop, maintain and enhance ils slrenglhs. This requires Commitment from all. As ever, the Trusteès would like to thank evèryone who contributed to the Trust's ongoing operational success. in particular the staff who have worked incredibly hard in challenging times and with great commitment. Financial review The financial results of the charity are sel out on pages 8 10 18 Al 31st March 2024 the accounts show the Trust to be in a financial position with net assets of £694,700 of which £84,007 are unreslricled. The value of the Balance Sheet has increased over the year by £8,497. The Trust's dependence on grant funding has redu significantly bul il has benefited from some small projects being funded by granl-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 marf(els. 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 seK sufficient and can provide an infrastructure that supports the needs of communities and their organisalions. 11 is fell that there is still an important role for the Trust to play in this area. Unrestricted funds represent the Trust's working resetves that helps us to ensLJre that we are able to continue Mrith OLJr obligations in the event of a shortfall in income or a sudden upturn in expenditure. The balance of unrestricted funds at 31 March 2024 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 2024 Risk mana ement The Trustees have vieWed the major risks lo which the charity is exposed and systems have been estsblished 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 lo the more familiar areas of operational and financial risks. Complian 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 difficuvc investment market to addressing health and safely procedures. Lookin to the future As referred to earfier the Memorandum and Articles of Association have been rewritten lo better suit the challenges the organisalion faces moving forward," this includes having a smaller number of Ttuslee. The numbers of trustees have reduced over the last two years and in view of this adverts have been issued prior to the AGM lo allract new Board Members with certain skills to further strengthen the Board of Trustees. New trustees are aayS welcome. Structure, governance and management Governin document The charity's governing document is its Memorandum and Articles ofAssocialion, dated 29th January 2003, which were revised in January 2016 al the Annual General meeting, where the board agreed lo reduce the trustee board members lo 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 Mrs L E Wagstsff Mrs l Beech Re¢rultment and a olntment of new trustees None of the trustees has any beneficial interest in the company. Al of the trustees are members of the company and guarantee lo contribute £1 in the event of a winding up. anisational structure The charity is governed by a Board of Trustees, which can have up lo 12 members, and is responsible for setting the strategic direction of the organisalion and establishing policy. The Board meets regularly and sul committees 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 aulhorily, wthin 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 site5. The restructure was essential due lo the large staff ovethead cost which required reducing lo fit in line wth the current economic situation.
NORTH DONCASTER DEVELOPMENT TRUST TRUSTEES REPORT (CONTINUED)(INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2024 New Trustees undergo orientation to brief them on their legal obligations under charity and company law, the conlenl of the Memorandum and Artides of Association, the committee and decision making processes, the business plan and rent financial performance of the charity. Trustees are encouraged lo attend appropriate external training events which facililale the undertaking of their role. The Trust is always keen to attract new Trustees to its board. Related artles The charity has no related parties wth whom il deals with. The Trustees report was approved by the Board of Trustees. Mrs V Powo11-Hoyland Trustee Dated..
NORTH DONCASTER DEVELOPMENT TRUST STATEMENT OF TRUSTEES RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2024 The trustees. who are also the directors of North Doncaster Development Trust for the purpose of company law, are responsible for preparing the Tru51ees Report and the accoun15 in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Pracli¢el. Company Law requires the Iruslees lo prepare accounts for each financial year which give a true and fair view of the stsle of affairs of the charity and of the incoming reSoUrS 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.. select suitable accounting policies and then apply them consistently", observe the methods and principles in the Charities SORP", make judgements and eslimales that are reasonable and prudent., state whether applicable UK Accounting Standards have been followed, subject to any material departures disdosed and explained in the accounts., and prepare the accounts on the going concem basis unless it is inappropriate lo presume that the charity wll continue in operation. The trustees are responsible for keeping adequate accounting records that disdose with reasonable accuracy al any lime the fi'nancial posrtion of the charity and enable them lo ensure that the accounts ¢omply 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 slalements of North Doncaster Development Trust (the charilyl for the year ended 31 March 2024. Responsibilities and basis of report As the trustees of the charity land also ils directors for the purposes of company lawl you are responsible for the preparation of the financial slalements in accordance with the requirements of the Companies Act 2006 Ilhe 2006 Act). Having satisfied myself that the financial slalements of the charity are not required lo be audited under Part 16 of the 2006 Act and are eligible for independent examination. I report in respect of my examination of the ¢harity's financial statements carried OLJI 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 14515llbl of the 2011 Act. Independent examinerfs ststement I have completed my examination. I confirm that no matters have come lo my attention in connection with the examination giving me cause lo believe that in any material respect". accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act,. or the financial 51alements do not accord with those records., or the financial slalemenls do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a maller considered as part of an independent examination,. or the financial slalements have not been prepared in accordance wth the methods and principles of the Statement of Recommended Practi for accounting and reporting by charities applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. I have no concems and have come across no other matters in connection with the examination lo which attention should be drawn in this report in order lo enable a proper understanding of the financial slalements lo be reached. Brearley & Co Accountants Lirnited 39143 Bridge Street Swinlon 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 2024 Unrestricted Restricted fund$ funds Total 2024 Total 2023 Notes Income and endowments from: Donations and legacies Charitable activities North Doncaster Community Transport Project Bentley Resou Centre Bullcroft Mèmorial Hall Investments other income 78,922 78,922 107,140 14,029 32,780 71,056 8,498 14,029 32,780 71,056 8,498 17,395 32,884 67,758 1.297 10,000 Total income 205,285 205,285 236,474 Ex endlture on: Charitable activities 196,788 196,788 157,764 Net gains on investments 10 40,000 Net incoming resources before transfers 8,497 8,497 118,710 Gross transfers beheen funds 193,9161 93,916 Net18xp&ndltur8lllncomo for thg yoarl Net movement in funds 185,4191 93,916 8,497 118,710 Fund balances at 1 April 2023 169,426 516,777 686,203 567,493 Fund balances at 31 March 2024 84,007 610,693 694,700 686,203 The statement of financial activities indudes 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 reqLJirements for an income and expenditure account under the Companies Act 2006.
NORTH DONCASTER DEVELOPMENT TRUST BALANCE SHEET ASAT31 MARCH 2024 2024 2023 Notes Flxed assets Tangible assets 12 384,581 384,094 Curr&nt assets Debtors Cash at bank and in hand 13 32,940 564,118 26,712 457,602 597,058 484,314 Creditors: amounts falling due within one year Taxation and social security other creditors 2,125 284,814 35 182,170 14 286,939 182,205 Net current assets 310,119 302,109 Total assets leys current liabilities 694,700 686,203 Income funds Restricted funds Unreslri¢ted funds Designated funds.. General unrestricted funds 15 610,693 516,777 107,500 34,319 84,007 84,007 169,426 694,700 686,203
NORTH DONCASTER DEVELOPMENT TRUST BALANCE SHEET ICONTINUED) ASAT31 MARCH 2024 The company is enlilled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2024. No member of the Company has deposited a notice, pursuant lo section 476, qUiring an audit of these financial slatemenls. The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect lo accounting records and the preparation of financial slatemenls. The members have not required the company lo obtain an audit of ils financial statements for the year in question in accordance with section 476. These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The financial stslements were approved by the Trustees on . Mrs V P¢)well-Hoyland Trusta8 Company reglstratlon number 04864374 10-
NORTH DONCASTER DEVELOPMENT TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies Charity inforniation North Doncaster Development Trust is a charitable company limited by guarantee incorporated in England and Wales. The registered office is Bentley Resource Cenlre, High Street. Bentley, Doncaster, South Yorkshire, DN5 OM. 1.1 Accountlng conventlon 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 IFRS 1021. las amended for accounting periods commencing from 1 January 20161. The charity is a Public Benefit Enlily as defined by FRS 102. The charity has tsken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Stslemenl of Cash Flows. The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are sel out below. 1.2 Charitable funds Unrestricted funds are available for use al the discretion of the trustees in ftjrtherance of their charitable objectives. Reslricled funds are subject lo specific condib.ons by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out In the notes lo the financial slalements. Endowment funds are subjed lo spe¢ifi¢ conditions by donors that the capvcal must be maintained by the charity. 1.3 Incoming resources Income is recognised when the charity is legally enliued to il after any performance conditions have been mel, the amounts can be measured reliably, and il 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 GiftAid or deeds of covenant is recognised at the lime of the donation. Legacies are recognised on receipt or olhenNise if the charty has been notified of an impending dislribulion, the amount is known, and receipt is expected. If the amount is not known, the legacy is Irealed as a contingent asset. Expenditure is recognised once there is a legal or constructive obligation lo 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 lolal of direct costs and shared costs. including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated diredy to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable lo a single activity are apportioned between those activities on a basis consistent with the use of reSoUs. 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 2024 Accountlng pollcles Icontlnuedl 1.4 Tanglble flxed assets Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impaimient losses. Depreciation is recognised so as lo write off the cost or valuation of assets less their residual values over their useful lives on the following bases". Property & improvements Fixtures, fittings & equipment Motor vehicles 4Qfi straight line 100A & 250/0 reducing balan 250A straight line The gain or loss arising on the disposal of an asset is determined as the differen between the sale prOed$ and the carrying value of the asset, and is recognised in the statement of financial activities. 1.5 Impairment of fixed assets At each reporting end date, the charity reviews the carrying amoLJnts 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 lif any). 1.6 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 borrowngs in current liabilities. Basic financial assgts Basic financial assets, which include debtors and cash and bank balances, are initially measured at Iran5aclion pri including Iran5aclion costs and are subsequently carried 81 amortised cost using the effective interest method unless the arrangement constilules a financing transaction, where the transaction is measured at the present value of the future reip1S discounted at a market rale of interest. Financial assets classified as receivable within one year are not amortised. 8aslc flnanclal Ilabllltles Basic finanaal liabilities, including creditors and bank loans are initially recognised al transaction price unless the aangement constitutes a financing transaction, where the debt instrument is measured al the present value of the future payments discounted at a market rale of interest. Financial Iiabililies dassilied as payable wthin one year are not amortised. Debt instruments are subsequently carried al amortised cost, using the effective interest rale 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 subsequenuy measured al amortised cost using the effective interest method. 1.7 Employee benefits The cost of any unused holiday enlitlemenl Is recognised in the period in which the employee's servicès are received. Temiination benefits are recognised immediately as an expense when the charity is demonstrably committed lo lerminale the employment of an employee or to provide termination benefits. 12-
NORTH DONCASTER DEVELOPMENT TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE YEAR ENDED 31 MARCH 2024 Critical accounting estimates and judgements In the application of the charity's accounting Policies, the Iruslees 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 eslimales and associated assumptions are based on historical experience and other factors that are considered lo be relevant. Actual resu115 Tnay differ from these eslimales. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting eslimales 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 ftjture periods where the revision affects both current and future periods. Donatlons and legaclgs Unrestrlcted funds Total 2024 2023 Goverrnenl grants reiVed 78,922 107,140 Investments Unrestricted Unrestricted funds funds 2024 2023 Interest re¢eivable 8,498 1,297 Other Income Unrestricted funds Total 2024 2023 Net gain on disposal of tangible fixed assets 10,000 13-
NORTH DONCASTER DEVELOPMENT TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Charitable activities 2024 2023 Staff costs Depreciation and impairment Training, secondmenls and other staff costs Premises costs Repairs and cleaning Printing and slalionery Postage and telephone Sundries Computer and internet costs Legal and professional Motor expenses Insurance Direct project costs Bank chaiges and interest Bad debts 85,216 8,198 902 56,979 1,832 804 1,300 667 4,102 77,012 7,410 199 31,620 1,520 746 1,297 736 3,865 i i 12,489 7,592 7,567 8,475 665 9,251 10,604 7,533 5,363 628 1201 196,788 157,764 196,788 157,764 Net movement in funds 2024 2023 The nel movement in funds is slated after chargingllcredilingl.. Depreciation of owned tangible fixed assets Lossllprofitl on disposal of tangible fixed assets 8,198 7,410 110,0001 Trustees None of the trustees lor any persons connected with them) received any Temuneration during the year12023 - £Nill. Also, none of them were reimbursed any Iravelling expenses during the year12023 £Nill. 14-
NORTH DONCASTER DEVELOPMENT TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE YEAR ENDED 31 MARCH 2024 Employees Numberofemployees The average monthly number of employees during the year was". 2024 Number 2023 Number 10 Employment costs 2024 2023 Wages and salaries Social security costs 85,125 91 77,012 85.216 77,012 10 Gains and losses on investments R9Strictèd funds 2024 R9$trictèd funds 2023 Gainslllossesl arising on.. Sale of investments 40,000 11 Taxation The charity is exempt from taxation on its activib'es because all its income is applied for charitable purposes. 15-
NORTH DONCASTER DEVELOPMENT TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE YEAR ENDED 31 MARCH 2024 12 Tangible fixed assets Property & improvements Fixture5, Motor vehicles fitting5 8 equipment Total Cost At 1 April 2023 Additions 472,314 204,512 8,685 49,115 725,941 8,685 Al 31 March 2024 472,314 213,197 49,115 734,626 Depreciation and impairment At 1 April 2023 Depreciation charged in the year 96,111 4,893 196,621 3,305 49,115 341,847 8,198 Al 31 March 2024 101,004 199,926 49,115 350,045 Carrying amount Al 31 March 2024 371,310 13,271 384,581 Al 31 March 2023 376,203 7,891 384,094 16-
NORTH DONCASTER DEVELOPMENT TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE YEAR ENDED 31 MARCH 2024 13 Debtors 2024 2023 Amounts falling due within one year: Trade debtors Other debtors Prepayments and accrued income 23,054 4,079 5,807 17,661 2,222 6,829 32,940 26,712 Other debtors consist of VAT repayable £4,07912023 - £2,222). 14 Other credltors falllng due wlthln one year 2024 2023 Trade creditors Other creditors Accruals and deferred income 15,889 3,772 265,153 13,603 4,404 164,163 284,814 182,170 Other creditors consist of bonds held £3,77212023- £4,142) and pension creditor £NIL12023- £2621. 15 Rastricted funds Core fundlng The investment in Brooklands Trade Developments Limited was sold during the year. The gain arising from it's sale is to be ringfend until 30 September 2028. Bullcroft memorlal hall - As of the 1 November 2012 the ownership interest in Bullcroft Memorial Hall was transferred from The Carcroft and Skellow Community Association lo North Doncaster Development Trust. As a result of certain clauses in the lille document. il is appropriate to treat this asset as relating to restricted funding. Grant Income During the year several grants were received. Grants relating to.. the community investment fund, food bank and other grant income were received for specific purpose and so are restricted. 17-
NORTH DONCASTER DEVELOPMENT TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE YEAR ENDED 31 MARCH 2024 16 Unrestricted funds The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as lo how they may be used. These Indude designated funds which have been sel aside out of unreslricled funds by the trustees for specific purposes. At 1 April 2023 Incoming resources Resources expended Transfers At 31 March 2024 General funds 169,426 205,285 1196,7881 193,9161 84,007 Prnvlous yoar: At 1 April 2022 In¢oming resourcgs Resources expended Transfers At 31 March 2023 General funds 34.319 236,474 1157,7641 56,397 169,426 17 Analysis of net assets between funds Unrestricted Restricted funds funds 2024 2024 Total Total 2024 2023 Fund balances al 31 March 2024 are represented by.. Tangible assets Current assetsllliabililiesl 34,581 49,426 350,000 260,693 384,581 310,119 384,094 302,109 84,007 610,693 694,700 686,203 18-