COMPANY REGISTRATION NUMBER: 06299935 CHARITY REGISTRATION NUMBER: 1120875 The Dronfield Heritage Trust Company Limited by Guarantee Unaudited Financial Statements 31 December 2024 ENRY BRAMALL LTD Chartered Certified Accountants Unit 8 Acorn Business Park Woodseats Close Sheffield S8 OTB
The Dronfield Heritage Trust Company Limited by Guarantee Financial Statements Year ended 31 December 2024 Page Trustees, annual report (incorporating the directovs report) Independent examiner's report to the trustees Statement of financial activities (including income and expenditure account) Statement of financial positlon Notes to the financial statements
The Dronfield Heritage Trust Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directorfs Report) Year ended 31 December 2024 The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 December 2024. Reference and administrative details Registered charlty name The Dronfield Heritage Trust Charity registration number 1120875 Company registration number 06299935 Principal office and registered Unit 8, Acorn Business Park office Woodseats Close Sheffield S8 OTB The trustees Mr. A. A. Powell (Ch81r) Mrs. A.. Brown Mrs. J. E. Emmens Mrs. D. Smillie Mr. B. G. Simpson Mr. W. Campbell Mrs L. Third Independent examiner Henry Bramall & Co Limited Chartered Certified Accountant Unit 8 Acorn Business Park Woodseats Close Sheffield S8 OTB Structure, governance and management The Charity is controlled by its governing document. a deed of trust, an constitutes a limited company. limited by guarantee, as defined by the Companies Act 2006. The day to day operations of the Charity are undertaken by the board as a whole. Facilitator roles have been created for non-board members. It is registered as a charity wilh the Charities Commission. Membership of the company must be approved by the Board of Trustees. Each person who wishes to become a membership deliver to the company an application for membership in such as the board require executed by them.
The Dronfield Heritage Trust Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) fcontlnued) Year ended 31 December 2024 structure, governance and management (contlnued) Recruitment and appointment of new trustees The Charity must have a minimum of 4 trustees to be quorate. The permitted maximum number of trustees is currently 7. Two trustees must offer themselves for re-election by rotation at the AGM which musl be held each calendar year. Since the year end Mr. W. Campbell and Mr. B. G. Simpson have resigned from the board of Trustees. Organisational structure The Board of Trustees administers The Charity. The Board meets at least quarterly. The information is provided to the Trustees by the Charity administrator. Inductlon and tralnlng of now trustees New Trustees are brlefed on their legal obligations under charity and company law, the content of the Memorandum and Articles of Associalion, the committee and decision making process, the business plan and recent financial performance of the company. Risk based approach The Board of Trustees commit to plan against risk in respect of the whole Charity. This includes identifying all risks involved with generating income and the impact of any loss in sources of income. Viable alternatives would then be sought. The whole of the Trustees are made aware of the Risks relative to the Charity and their legal responsibilities. The Board of Trustees are fully aware of their obligations under GDPR to ensure all personal information is securely held. Wider network The budget is submitted to the trustees quarterly for approval at trustees meetings. Any material changes to the budget are submitted to a specially convened meeting of the trustees. Day to day management of the project is overseen by a project management committee comprising of at least two trustees, one of whom is Ihe chairman. Related partles The Charity has a close relationshlp with the trustees of The Peel Centre, an organisation which runs a building situated close to the property and grounds of The Dronfield Heritage Trust. It also owns the whole share capital of its trading subsidiary'The Dronfield Hall Barn Limited, Objectlves and actlvltles The main purpose of the Charity is the maintenance and upkeep of the Heritage Asset known as The Dronfield Hall Barn. Originally this was a derelict building where the heritage asset was al risk and has now been sympathetically restored to retain these features. This is achieved through donations. grants. exhibitions and rental of the Barn and by running an events programme. The underlying objective is to ensure that the General Public are aware of the Heritage History of the Barn. The Charity also has access lo a large group of unpaid volunteers who's help and dedication is paramount to the Charitys success.
The Dronfield Heritage Trust Company Limited by Guarantee Trustees. Annual Report {Incorporating the Director's Report) {contlnued) Year ended 31 December 2024 Achievements and parformance The restoration of the building has been maintained throughout the period with grants received during the year together with the Trust's volunteers. All fundraising undertaken by the Trust is utilised on the project. THe upkeep includes both structural and general maintenance. The Trust retains its centrepoint for the community of Dronfield for volunteering, holding events and exhibitions. Flnanclal revlew As at the accounting period ending December 2024, Dronfield Heritage Trust had a reduced wedding useage for the year which has reduced the income together wlth with associated income. The Trust Is still coming out of the affect of Covld with the wedding events being down on prior years due to competitlon within the wedding venue market. The board will be concentrating on corporate events to replace Ihis reducing market and raise income. The merger of the coffee shop into the trading company 'The Dronfield Hall Barn Limited, has again realised a proflt whlch, in future, will be donated to the Trusl. Costs are reveiwed and all expendilure quantified by the board lo ensure all costs are required for the day to day running. The Trustees are confident that the future remains positive. Flnancial statements The Trustees acknowledge the delay in completing Ihe 8ccounts on time, this will be addressed for the year to 31st December 2023 with signed accounts being made available within 90 days thereon. Small company provislon8 This report has been prepared In accordance with the provisions applicable to companies entitled to the small companies exemption. The trustees, annual report was approved on 5 October 2025 and signed on behalf of the board of trustees by,, Mr. A. A. Powe Trustee (Chair)
The Dronfield Heritage Trust Company Limited by Guarantee Independent Examiner's Report to the Trustees of The Dronfield Heritage Trust Year ended 31 December 2024 I reporl to the trustees on my examination of the financial statements of The Dronfield Heritage Trust ('the charilv) for the year ended 31 December 2024. Résponsibilities and basis of report As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with Ihe requirements of the Companies Act 2006 {'the 2006 Act,), Having satisfied myself that the accounts of the company are not required to be audlted under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity's accounts as carried out under section 145 of the Charities Act 2011 I'the 2011 Act,). In carrying oul my examination I have followed the Directions given by the Charity Commission under section 145{51(b) of the 2011 Act. Independent examlner's statement I have completed my examination. I confirm that no matters have come to my attenlion in connection with the examination giving me cause to believe: accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act., or the financial statements do not accord wilh those records.. or the financial statements 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 matter considered as part of an independent examination,. or the financial statements have nol been prepared in accordance with th8 methods and principles of the Stalemenl of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102).
The Dronfield Heritage Trust Company Limited by Guarantee Independent Examiner's Report to the Trustees of The Dronfield Heritage Trust (contlnued) Year ended 31 December 2024 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 accounts to be reached. Henry Bramall & Co Limited Chartered Certified Accountant Independent Examiner Unit 8 Acorn Business Park Woodseats Close Sheffield S8 OTB 5 October 2025
The Dronfield Heritage Trust Company Limited by Guarantee Statement of Financial Activities (including income and expenditure account) Year ended 31 December 2024 2024 Unrestricted funds Total funds Total funds 2023 Note Income and 8ndowm8nts Donalions and legacies Charilable activities Investment income Other Income 13,834 140,282 295 13,834 140,282 295 10.000 217,585 784 4,478 Total Income 154,411 154,411 232,847 Expenditure Expenditure on raising funds.. Costs of other trading activities Expenditure on charitable activities Total expendlturo 102,282 121,147 102,282 121,147 223,429 123, 704 172,455 10,11 223,429 296, 159 Net expendlture and net movement in funds (69,018) {69,018) (63.312) Reconciliation of funds Total funds brought forward Total funds carried forward 318,981 249,963 318,981 249,963 382,293 318,981 The statement of financial activities Includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The notes on pages 9 to 20 ft)mi part of those financial Statements.
The Dronfield Heritage Trust Company Limited by Guarantee Statement of Financial Position 31 December 2024 2024 2023 Not8 Fixed assets Intangible assels Tangible fixed assets Heritage assets Investments 17 18 19 20 5,000 15,410 338,440 5,000 24,908 338,440 358,851 368.349 Current assets Stocks Debtors Cash at bank and in hand 22 23 5,664 15,045 4,148 2, 680 23,355 23,151 49,186 24,857 Creditors: amounts falllng due wlthin one year Net current liabilities 24 100,825 75,968 98, 554 49,368 318,981 Total assets less current liabilities 282,883 Credltors: amounts falllng due after more than one year Net assets 25 32,920 249,963 318,981 Funds of the charity Unrestricted funds 249,963 318,981 Total charity funds 27 249,963 318,981 For the year ending 31 December 2024 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies, Directors, responsibilities.. The members have not required the company to obtain an audit of its financial statemenls for the year in question in accordance with section 476., The dlrectors acknowledge their responsibilities for complying with the requirements of the Act wilh 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 statement of financial position continues on the following page. The notes on paggs 9 to 20 fomi part of these finan¢ial statements.
The Dronfield Heritage Trust Company Limited by Guarantee Statement of Financial Position (continued) 31 December 2024 These financial statements were approved by the board of trustees and authorised for issue on 5 October 2025, a e signed on behalf of the board by: Mr. A. A, Powell (Chair) Trustee Tho notes on pages 9 to 20 forni part of these flnanclal gtatemont8.
The Dronfield Heritage Trust Company Limited by Guarantee Notes to the Financial Statements Year ended 31 December 2024 General information The charity is a public benefit entity and a private company limiled by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is Unit 8, Acorn Business Park, Woodseats Close, Sheffield, S8 OTB. Statement of compliance These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the 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) {Charities SORP (FRS 102}} and the Companies Act 2006. Accounting policies Basls of preparatlon The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure. The financial statements are prepared in sterling, which is the functional currency of the entity. Going concern There are no material uncertainties about the charitVs ability lo continue. Dlsclosure exemptlons Disclosures in respect of financial instruments have not been presented. Consolidatlon The charlty Is not reqUred to prepare consolidated accounts In accordance with the Charities Act 2011, and has laken advantage of the option not to prepare con501idated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the charity and its subsidiary undertakings comprise a small group. Judgements and key sources of estlmatlon uncertainty Key sources of estimation uncertainty Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. The key assumptions and other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are as follows..
The Dronfield Heritage Trust Company Limited by Guarantee Notes to the Financial Statements (contlnued) Year ended 31 December 2024 Accounting policies (contlnued) Fund accounting Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment. Restricted funds are subjected lo reslrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes.. restricted income funds or endowment funds. Incoming resources All incoming resources are Included in the statement of financial activities when entitlement has passed to the charity., il is probable that the economic benefits associated wlth the transaction will flow to the charity and the amount can be reliably measured. The following speclflc policies are applied to particular categories of income: income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. legacy income is recognised when receipt is probable and entitlement is established. income from donated goods is measured at the fair value of the goods unless this is impraclical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contrlbution of general volunteers. income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case It may be regarded as reslricled. 10
The Dronfield Heritage Trust Company Limited by Guarantee Notes to the Financial Statements {continued) Year ended 31 December 2024 Accounting policies (contlnued) Resources expended Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates: expenditure on raising funds includes the costs of all fundraising activities, events, non- charitable trading activities, and the sale of donated goods. expenditure on charitable activities includes all costs incurred by a Charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities. other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities. All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs altribulable to a single activity are allocated directly lo that activity. Shared costs are apportioned between the activities they contribute lo on a reasonable, justifiable and consistent basis. Goodwlll Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the charity's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amorlisation and accumulated impairment losses. 11 is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed five years, Tangible assets Tangible assets are initially recorded at cost, and subsequently stated at cost 18ss any accumulated depreciation and impairment losses. Any tangibl8 assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment Ihat has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses. except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities. 11
The Dronfield Heritage Trust Company Limited by Guarantee Notes to the Financial Statements (¢ontinu•d) Year ended 31 December 2024 Accounting pollcies fconllnued) Depreciation Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows: Plant and machinery Fixtures and fittings Equipment 200/0 reducing balance 20 % reducing balance 33 % reducing bal8nce Herltage assets Heritage assets measured under the cost model are recognised initially recorded at acquisition cost, and subsequently stated al cost less any accumulated depreciation and impairment losses. Heritage assets measured under the revaluation model are recorded at fair value less any accumulated impairment losses. Where information on the cost or value of an asset is not available and cannot be obtained at cost which is commensurate with the benefit5 to users of the financial statements, the asset shall not be recognised in the statement of financial position. Investments Unlisted equity irivestments are initially recorded at cost, and subsequently measured at fair value. If fair value cannot be reliably measured, assets are measured at cost less impairment. Listed investments are measured at faSr value wilh changes in fair value being recognised in income or expenditure. Impairment of fixed assets A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting dale. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash- generaling unit to which the asset belongs. The cash-generating unit is the smallest identrfiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of Ihe cash-generaling units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabi5ities of the charity are assigned to those units. 12
The Dronfield Heritage Trust Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 December 2024 Accountlng pollclg8 (¢ontlnugdJ Stocks Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition. Deflned contrlbutlon plans Contributions to defined contribution plans are recognised as an expense in the period in which the relaled service is provided. Prepaid contribulions are recognised as an asset to th8 extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of Ihe end of the reporting date in which the employees render the related service, the liability Is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises. Llmlted by guarantee The charity is controlled by its governing document, a deed of trust, and constitutes a limlted company, limited by guarantee, as defined by the Companies Act 2006. Donations and legacies Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Donatlons Donations received - Barn and walks 1,780 1,760 2,247 2,247 Grants Grants receivable 7,904 7,904 2,484 2,484 Subscriptlons Subscriplions Friends membership 4,170 4,170 13,834 5,269 5,269 13,834 10,000 10,000 13
The Dronfield Heritage Trust Company Limited by Guarantee Notes to the Financial Statements (contlnued) Year ended 31 December 2024 Charitable activities Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Plant and garden takings Publications Wedding hire events Producer Markets Cultural events Recharged costs Wedding events catered 720 1,029 110,998 2,995 37,304 3,972 60,567 217,585 720 1,029 110,998 2.995 37,304 3.972 60,567 217,585 769 72,940 3,232 24,147 2,000 37,194 140,282 769 72,940 3,232 24,147 2,000 37,194 140,282 Investment Income Unrestricted Total Funds Unrestrlcted Total Funds Funds 2024 Funds 2023 Bank inlerest receivable 295 295 784 784 Other income Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Caterlng rental income 4,478 4,478 Weddings are recorded when deposits and final balances are paid, As at the end of 31st December 2024 there were 9 weddings still to be compleled. Costs of other tradlng activities Unrestricled Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Costs of other trading activities Staging events Gardening purchases Publications 100,633 100,633 117,655 865 5,184 123,704 117,655 865 5,184 123, 704 1,649 102,282 1,649 102,282 10. Expendlture on charitable actlvltles by fund type Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Support COSts 121,147 121,147 172,455 172.455 14
The Dronfield Heritage Trust Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 December 2024 11. Expenditure on charitable activities by activity type Total funds 2024 Total fund 2023 Support costs Maintenance of Heritage Building Governance costs 114,386 6.761 114,386 6,761 168,081 4,374 172,455 121,147 121,147 12. Analysis of 8UPPOrt costs Analysis of support costs activity 1 Total 2024 Total 2023 Staff costs Premises Communlcations and IT General office Human resources Governance costs Marketing Other Costs including depreciation 34,123 58,179 4,804 4,443 130 6,762 3,208 9,498 121,147 34,123 58,179 4,804 4,443 130 6,762 3,208 9,498 77,410 64,942 5,360 2,518 2,431 4,374 7,618 7,802 172.455 121,147 13. Net expendituro Net expenditure is stated after chargingl(Grediting).' 2024 2023 Depreciation of tan9ible fixed assets 9,498 7,802 14. Independent examination fees 2024 2023 Fees payable to the independent examiner for: Independent examination of the financial statements 2,250 2,200 15
The Dronfield Heritage Trust Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 December 2024 15. Staff costs The total slaff costs and employee benefits for the reporting period are analysed as follows.. 2024 2023 Wages and salaries Social security costs Employer contributions to pension plans 82,637 90 2,594 85.121 1,635 7,229 93.985 85,321 Included in wage5 and salaries are amounts of £51,197 {2023 £14,175) in respect of recharges from 'The Dronfield Hall Barn, in respect of staff provlded for events, The average head count of employees during the year was 1 (2023: 2), The average number of full-time equlvalent employees during the year is analysed as follows,. 2024 No. 2023 Support staff No employee received employee benefits of more than £60,000 during the year (2023: Nil). 16. Trustee remuneratlon and expenses No remuneration or other benefits from employmenl with the charity or a related entity were received by the trustees. The only monies received by Trustees is the reimbursement of expenses incurred. 17. Intangible asset8 Goodwill Cost At 1 January 2024 and 31 Docember 2024 Amortlsatlon At 1 January 2024 and 31 Decemb•r 2024 Carrying amount At 31 Decembgr 2024 5,000 5,000 5,000 At 31 December 2023 16
The Dronfield Heritage Trust Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 December 2024 18. Tangible fixed assets Plant and Fixtures and machinery fittings Equipment Total Cost At 1 January 2024 and 31 December 2024 31.773 47,832 13,767 93,372 Depreclatlon At 1 January 2024 Charge for the year At 31 D•cember 2024 27,484 2,145 29,629 31,115 5,852 36,967 9,865 1,501 11,366 68.464 9,498 77,962 Carrying amount At 31 December 2024 2,144 4,289 10,865 2,401 15,410 24,908 At 31 December 2023 16,717 3,902 19. Herltage a88ets The Charity's Heritage Asset consist of the building known as 'The Dronfield Barn, Acquisitions lo the asset are only recorded if they increase the value of the asset. Maintenance Is coated through the Stalemenl of Financial Activities. Herltage asset 1 Cost or valuation At 1 January 2024 and 31 December 2024 Accumulated depreciation At 1 January 2024 and 31 December 2024 Carrylng amount At 31 December 2024 338,440 338,440 At 31 December 2023 338,440 The Heritage asset Is recorded at cost but has an insurance value of £1,797,865. 17
The Dronfield Heritage Trust Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 December 2024 20. Investments Shares in group undartakings Cost or valuation At 1 January 2024 and 31 December 2024 Impalmont At 1 January 2024 and 31 Do¢ember 2024 Carrying amount At 31 Oecember 2024 At 31 December 2023 All investments shown above are held at valuation. 21. Investment entltles Subsldlarles and other Investments Percentage of Class of share shares held Subsldlary undertakings The Dronfield Hall Barn Limited Ordinary 100 The results for subsidiaries and other undertakings are as follows.. Capilal and reserves 2024 2023 Profitl(loss) for the year 2024 2023 Subsidiary undertakings The Dronfield Hall Barn Limlted 10,109 22. Stock8 2024 2023 Finished goods and goods for resale 5,664 2,680 18
The Dronfield Heritage Trust Company Limited by Guarantee Notes to the Financial Statements (Continu) Year ended 31 December 2024 23. Debtors 2024 2023 Trade debtors Prepayments and accrued income Other debtors 4.152 893 10,000 15,045 14,785 8,570 23,355 24. Credltors: amounts falllng due wlthln one year 2024 2023 Trade creditors Amounts owed to group undertakings Accruals and deferred income Social security and other taxes Other creditors 2,985 56,523 34,012 5,246 2,059 100,825 3,490 34.921 38,946 21,197 98,554 25. Credltors: amounts falling due after more than one year 2024 2023 Other creditors 32,920 26. Pensions and other post retlrement beneflts Defined contribution plans The amount recognised in income or expendlture as an expense in relatlon to defined contribution plans was £2,594 (2023: £7.229). 27. Analysls of charitable funds Unrestricted funds At 1 January 202 At 31 December 2024 Income Expenditure General funds 318.981 154,411 (223,429) 249.963 At 1 January 202 At 31 December 2023 Income Expenditure General funds 382,293 232,847 (296,159) 318,981 19
The Dronfield Heritage Trust Company Limited by Guarantee Notes to the Financial Statements (Continu) Year ended 31 December 2024 28. Analysis of not assets bqtween funds Unrestricted Total Funds Funds 2024 Tangible fixed assets Heritage assets Current assets Creditors less than 1 year Creditors greater than 1 year Net assets 20,410 20,410 338,440 338,440 24,858 24,858 (100,825) (100,825) (32,920) (32,920) 249,963 249,963 Unrestricted Total Funds Funds 2023 Tangible fixed assets Heritage assets Current assets Creditors less than 1 year Creditors greater than 1 year Net a8set8 29,909 338,440 49,186 (98,554) 29,909 338,440 49,186 (98,554) 318,981 318,981 29. Related partles During the year the charity entered into the following transactions with relaled parties.. Balance owed byl(owed to) Transactlon value 2024 2023 2024 2023 The Peel Centre The Dronfield Hall Barn Limited 2,000 65,378 3,972 16,575 (56,523) (34,921) The Dronfield Hall Barn incurred all payroll costs for the café and provides the staff for the Heritage functions. This amounted to £51,287 (2023 £16.1751 for the year and has been recharged accordingly. 20