CHARITY REGISTRATION NUMBER 1123187 COMPANY REGISTRATION NUMBER 3427303 MANOR AND CASTLE DEVELOPMENT TRUST LIMITED GROUP ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2022 *AB)OXK3T* 2211W20T2 COMPANIES HOUSE Hackeryoung #146 tharteiedAtcountoDts MANOR AND CASTLE DEVELOPMENT TRUST LIMITED LEGAL AI¥D ADMIP41STRATIVE INFORMATION Dire¢¢ors K Curran D M Lawton R Dowling Y S Bramall K Crawshaw DrAJEBarnes S Mair-Ri¢hards A M Murphy S H Nicholson (Appointed on 5 July 2021) (Appointed on I l July 2022) Chief Executive 0￿]cer D J Mathews Finance Director C M Hurst Secretary D J Mathews Charity number 1123187 Company number 3427303 Registered office Norfolk House Siafford Lane Sh¢ffield S2 SHR Auditors UHY Ha¢ker Young 6 Broadfield Court Broadfield Way Sheffield S8 OXF Bankers c0-o￿TatIVe Bank plc Th¢ Fountain Precinct Sheffield Sl 2JZ HSBC 2 Fargate Shefficld Sl 2JS Lloyds TSB Church Street Sheffield SI IHP MANOR AND CASTLE DEVELOPMENT TRUST LIMITED CONTENTS Page Trusrees. report 1- 19 Trustees. responsibilities statement 20 Independent auditor's report 21-23 Consolidated statement of financial activities 24 Parent statement of financial activities 25 Consolidated balance sheet 26-27 Parent balance sheet 28 Con501idated cash flow ststement 29 Parent cash flow statement 30 Notes to the accounts MANOR AND CASTLE DEVELOPMENT TRUST LIMITED TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2022 The trustees present their report and accounts for the year ended 31 March 2022. The financial statements have been prepared in accordance with the accounting policies sei out in note I to the financial statements and comply with the charity's Memorandum and Articles of Association, the Companies Act 2006 and "Accounting and Reporting by Charities.. Statement of Recommended Pra¢tice applicable to charities preparing their accounts in a¢¢ordan¢¢ with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) (eff￿tIve l January 2019)" Public Benefit Stg¢ement: How we gre meeting the PB requirement through our activities Objectives and activities The group's objects are io assisc promote, encourage and facilitate the social. economic and environmental regeneration of the Manor. C&stl¢ and Woodthorpe arw of Sh¢ffield - some of the United Kingdom's most deprived communitie5. The Constitution does allow the group to operate outside its prime area of benefit when there ts evidence we can deliver social return athd benefit to Manor and Castle Communities through this activity. The group's vision: Proud to live and work as part of the Manor Ca%tle communities. Th¢ group's purpose= To support COTnmunity action that brings about wsitive economic, social and environmenlal change ihmugh the development of enterprising solutions. The group's key strategic social obj¢¢tives for 202112022 that enabled us io meet the PB requirement were= to empower and support individuals to identify opportunities to improve their health and well-being, to improve their social and ¢¢onomic chrcumstances. io recruit and support volunteers where we can offer them personal development opportunities. to d¢velop events and a¢tiviti¢s in th¢ Community thal meet local needs. io identify key groups of vulnerable membeTS of the comwnunity facin8 challen8es that we can work with to develop local solutions to local challenges. The group will work with other key partners in the area and contribute to achieving th¢ vision for the neighbourhoods. Strategy for Delivering Public BeDefRt The core approo¢h of ihe group has remained consistent and is reviewed on an annual basis as part of the business planning cycle. The Board has affirnied that the core business of the group is= Community ¢conomic developmenl. Capacity building and organisalional development. First rung community engagement. Personal d¢velopm¢nt support. Support for groups ro tske collective action on issue5 that Tnatter to ihem. Build relationships and trust with lo¢al people particularly the people who ar¢ hardest to engag¢ through mainstreaTn service delivery. Raise the expectations and aspirations of the community. Deliver specific activilies that contribute lowards social and economic regeneration and neighbourhood improvement. MANOR AND CASTLE DEVELOPMENT TRUST LIMITED TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Encourdge and support people to engage with servi¢¢s and training opportunitie5 that stiTnulat¢ so¢ial and ¢¢onomic inclusion and enhan¢emenl. Support and assist other community groups and organisations. Champion and advocate for improved service delivery within the area. The group does not intend to replace or duplicate existing service provision or Community activity but exists to ensur¢ that no on¢ in the ar¢a is ¢xcluded from ben¢fiting from th¢ social and economic regeneration activili¢s. services and opportunities ihai exist. The Irustc¢s have paid due regard to guidance issued by the Charity Commission in deciding what activiti¢s the group should undertake. The Board ¢onsider that the significant activities of th¢ group ¢arri¢d out in 202112022 to achieve our Social objectives were &s follows.. To empower 2nd support individu#ls to identify opportunities to improve their health and wellbeingy to improve their social and economic circumstances This year has been a particularly challenging year financially and in terms of delivery. Whilst Covid restrictions were removed, the virus wa5 Still an issue in terms of staffi¥Jg, working with vulnerable people and ihe financial covery in our social ¢nrerpris¢. whi¢h supports the ¢haritable work. been slower than we would have liked. The main sources of financial support had stopped bui business r¢¢ov¢ry has been impacted by people not me¢tin8 in big groups and working from home. This year saw more staff ¢oming back into work with some measures in place lo litnit th¢ risks of illn¢ss. W¢ were lucky in that out of all staff only one person was not vaccinated for h¢alth reasons. and we had measures in place to keep them safe. The most significant change that w¢ noticed was the demand for our services continued to incr¢ase. The impact on peopl¢'5 mental health continued to be an issue and this remained on of our key priorities. Most refe￿alS we received from GP'S were for help for vulnerable people, with complex needs and mental health support. We also saw an increase in domesti¢ violence. debt and people struggling to makc ends m¢¢l. We conlinued lo run some activities on zoom. There w¢re people we worked with who would not have been able to access our support groups in person ￿cauSe of various reasons and really valued what we offered, so conlinuing to offer remote support was a priority. By th¢ end of ihe financial year. we have worked with significantly more people than we had p￿vIoUSlY. The Board considerthat the significant a¢tivilies of MCDT carried out in 2021n022 continu¢d to ¢nabl¢ the Trust to achieve our social objectives. As we move into our 25, anniversary the Board and staff are proud of all that has been achieved in the communities we work with the tran5fomiation has been significant and we will continue to deliver our social mission and achieve the charitabl¢ obj¢¢tives al the heart of our purpose. People Keeping Well & Community Wellbeing proErnmmes Partnership Working- We have taken a¢tive rol¢ in citywide meeting5 to r￿r¢s¢nI our ar¢a including Community hubs, Team around the person development. workfor¢¢ development. Working with ShelTield City Coun¢il. Voluntary Action Sheffield and Sheffield Univ¢tsity to developy infomi and deliver projects such a5 future Diabetes projects, Move More and Sheffield is Sweeter. Our recent work with the Clinical Commissioning Group around urgent care. phl¢botomy and neurodiversity has irkvolved supporting partners and local p¢ople to have voice and influence. MANOR AND CASTLE DEVELoP1k￿￿T TRUST LIMrrED TRUSTEES, REPORT (CONTINUED) FOR THE YEAR EIYDED 31 MARCH 2022 People Keeping Well & Community Wellbeing programmes {¢ontinued) We have hosted Collaboraie, a leadetship programme bringing together Health. social care. stanjtory services and voluntory and Community seGtor to build relationships and find solutions and ways to work tog¢ther. This has led to ongoing links and projects developing between stsff from different organisations. Pilot Woodland Self Care, working in partnership with Bens Centre Sl. Funded through Move More Activation funding. 2x Clients referred from Mental Health Transforn)ation Project. one with memory loss and 2x ¢lients from Bens Centre (Homeless and stru881ing with addi¢tion) This wa5 d¢liv¢red over 4 weeks in the outdoor C1￿$rooM at Manor Fields Park. Full evaluation to take place. Looking at continuing through 2022. Primary Care Nelwork We continue to work closely io deliver social prescribing. We have hosted trdinee GPS and medical students to understand how comrnunitie5 SUPPOrt improved health We have completed a Winter Pressures project funded by Clinical Commissioning Group to support local people to access healthcare services. Winter Pressures project The project will provide support for hospital discharge into the community and give access to health services to 'harder to reach. local people and those that struggl¢ to engage with health s¢rYices. (People without a¢cess to digital. without money for phone credit or travel. without family or friends to provide support during and after discharge from hospital. patients with mental health conditions and learning disabilities. 50¢ially isolated and older adults) We know ih&t these barrieT5 are relevant to many patients at GPAI practices and patients from these practices make up a disproportionaie number of ￿Ople presenting inappropriately at A and E. We will use local workers who are embedded in th¢ community with link5 to local groups and organisations as well as through friends and family and neighbourhood networks. This will help to spread the service by word of mouth and the work¢rs will have the capacity to provide o person-centr¢d seThice. E.g 'someone's brother hasn't had any vaccines because they don'l leave the house tecause of their mental health, The workers will be able lo do a home visit and 5UPPOrt th¢ patient either by accompanying them or negotiating a va¢¢ination at a time and place that makes chcm feel comfortabl¢ or making the case for a home visii The workers have experience of providing support through previous work on adult education. employment. advocacy and healih and wellb¢in8 contracts. They will be svpport¢d by MCDT Advocacy team who deliv¢r so¢ial prescribing and one to one support for indivrduals. Th¢y will provide support with s&fe8uarding and risk assessments and help io escalate more complex Problems if they are uncovered Delivering a local opportuniiies fund.. Take Part in the Garden- Mental wellbeing project using green space Over 50's Table T¢nnis Group- Old¢r Peopl¢'s s¢xial and Bingo group Ternpl¢ Park Centre Take PART in the Sewing room TakePART In The Sewing Room will be a weekly 'sewing for wellbeing, group. initially for 6 adult participants in a covid-safe classroom. Friend5 of Manor Fields with match funding to ¢xtend tlte Woodland confid¢n¢e courses. ArE¥)urthom¢ Community Clean up Event MIINOR AIYD CASTLE DEVELOPMENT TRUST LIMITED TRUSTEES, REPORT {CONfINUED) FOR THE YEAR ENDED 31 MARCH 2022 Advocaey 121 support and Social PrescribÈng This y¢ar we had an average of 1579 open client cases per quarter on the Health and Wellbeing database. This records all participant5 who are r¢f¢rred or 5elf-ref¢r into S￿la1 pres¢ribing and go on to r¢ceive 121 advocacy support or attend activities or groups. We have seen an increase in referrals for support dealing with Domestic violence and complex referrdls via people with learning disabilities needing practiral SUPFM)rt also support aSSLSting with Blue Badge, aids, and adaptations. Ther¢ has also been an increase in request to help with welfare benefits. PIP {personal independ¢n¢e payments for disabilities) and Council TaxlHousing Benefits and io support applications and appeals. Will liaise wilh DWP and Council lo make sure clients are receiving the corr¢¢t entitlement to benefits such as Council Tax r¢ductionlsupport. Housing benefit and DHP'S, help client's bid on ShetTield Property Shop if there are any issues with them being able to do this. Th¢ appcY¢ls are complex and can tske months of work including accompanying ¢lient5 to court bul more than 9￿/0 of appeals that we support have been successful. We have also seen an incrwe in more complex mental health cases particularly for clients who are not able to access mentsl health services appropriaiely and need advocacy help to secure the support they need. Volunteering- MCDT H￿1th Champion5 Volunteering is an importan¢ part of what we offer to people as part of their personal development. li builds confidence, skills and experiences that support p¢ople to then go onio to work or into education and training opportunities. MCDT has continued lo use th¢ strn¢tured Health Champions model a5 Part of our offer and opportunities for MCDT Health Champions volunteering includes- Supwrting Forget-Me-Nots singing Group whtch lakes place at Park Centre. City Road, S2. Support for the Take Part in the Garden self-care project at York House. Take Part in Nature utilising outside classroom in Manor Fields Park. {partnership with Bcn s Centre), Health Champion voluntsering with the Tutor Ros¢ Tomson who delivers the Woodland Confidence Course through Green Pres¢ribing. Tak¢ Part in the sewing room meeting at VCE. Support volunteers based at the Norfolk Park & Arbourthorne Men's Group Volunteers supporting ECHO pre-loved clothing shop with activities and support at York House. Volunte¢rs signposted to ext¢rnal partners MASKK. Foodhall Projecl & Green Estate. Thr¢¢ volunteers altend Arbourthorne Community Allotment every Wednesday at The Spires Centr¢ and are supwrted by MCDT Health and Wellbeing worker. The volunteers are very independent and ￿ the end of 2020 drew up plans to create a s¢nsory garden area and make the allotrnent more accessible for wheelchair users and prams. MCDT Health and Wellbeing work¢r secured some funding to help with the sensory garden proje¢t whi¢h will start in 2021. We have supported 4 volunieers to help with the Healthy Holidays programme- includin8 packin8 food and activity hampers and delivcring hampeTS to lo¢al schools. Addilional project that offers volunteering opportunities is the MCDT Digitsl buddying project which was a new optx)rtunity in early 2022. MANOR AND CASTLE DEVELOPMENT TRUST LIMITED TRUSTEES* REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Volunteering- MCDT Healih Ch*mpiop$ Icontinved) Som¢ exampl¢s of what people have a¢hi¢ved through volunt¢ering- Th￿¢ volunteers have been support¢d to access a Forestry Confidence course at Northern College through the Health Champions programme which took pla¢¢ in 2021. One volunieer progressing to NVQ level one Horticultural course at Northern college June 2022. All three volunteers have I￿¢n supported to fund rais¢ for their project including attending the Sheffield Canal fesiival which enabled them to sell homemade jams and chutney from the produce grown at the allotment. Two members of the Spire5 allotment have also joined the Take Part in the Sewing room project and on¢ memb¢r has become involved in the Arbourthome S2 Arts & Drama group resulting in a perfomhance at the CnJcibl¢ theatre and becomin8 involved with the Women s Euro Anthem recording With the Royal Philhamioni¢ Orchestra. Mtnlal Health Tr2nsforniation Project (MHTP) MCDT was awarded funding to deliver a Behaviour Change programme and peer support working with the new MHTP ceam based irl Primary ¢are. The project enabled the peer sUPPOrt workers to work with the Mind Conne¢tor and organised shadowing of Health & Wellbeing team members and looking at referrdls. We attended regular Multi-Dis¢iplinary T¢am (MDT) meetings to discuss referrals. As part of the Primary Care Mental Health Tran5fomation Projcct 4 lo¢al people w¢re recruited to b¢¢ome P¢¢r Jnclusion Volunt¢ers, they ar¢ involved in the outdoor face to face projects including.. Woodland Confidence s¢ssions in Manor Fields Park outside classroom. regularly attend Support Take Part self-we s¢ssions in the York House Garden. These 2 projects have develop￿ th¢ offer providing healthy food at the session. encouraging th¢ learning of additional cooking skills and experiencing quality vegetarian and gluten free food. Oth¢r volunt¢ers b¢¢ame involved with a Self-care and the Arts projecL engaging with Ignite Ima8inations to access resources and support through ihe Everyone's a Maker prograJnme. On¢ Peei inclusion volunteer has produ¢¢d l O POTtraits of staff and volunteers who have supported him on his health journey within the Community and a community exhibition is plann¢d by July 2022. STEPS (personal development IMCDT WellbeiDg PTogrgmTnes) A Fa¢e-to-Fa¢e St¢ps programme ha5 taken place, Ihe first since covid restrictions were lifted. The venue Could only safely accoFnmodat¢ 8 participants b¢caus¢ we were still wanting to ￿ ¢ovid safe. We ended up with a waiting list of peopl¢ wanting to do the course later in the year. Th¢ programme had a good take UP) all 8 participants Complered. the 8 participants have since moved on to volunteering. accessin8 ncw job roles with more reswnsibility and a¢c¢ssed the light touch provision which MCDT provides. Steps to Ex¢¢llence (Cognitive Behaviovr Therapy) methodology ha5 ￿en used by stsff when dealing with clients across the organisaiion. MCDT have d¢velop¢d two new wellbeing programmes. Aiming High and Take Part as a progression pathway for clients. Take Part online continu¢s to be successful. this is a women only group which helps individuals struggling with confidence and their mental health to get involved with Community activity slowly and safely. Take Part in outdoor ¢las5rooms acr05S the area have also been successful. The Take Part involve5 8 sessions, using the development of 5 ways to wellbeing. a¢tiviti¢s 10015 and techniques including journaling. Aiming High, builds on Tak¢ Part methodology, with more CBT concepts. This allows us to offer Steps to Excellence as a fa¢e- to-face activity with small 8roups. I￿NoR AND CASTLE DEVELOPMENT TRUST LIMITED TRUSTEES? REPORT (coNfiNUED) FOR THE YEAR ENDED 31 ￿L￿RCH 2022 STEPS (peTsonAI deyejopment IMCDT Wellbeing programmes) (coDtinved) We were able to start delivering our fa¢¢-to-fa¢¢ programme to 8 parti¢ipants who completed the course and reported back that they went on to.. G¢t support for mental h¢alth- join m¢ntsl h¢alth groups. join physical activity groups, join social activity group5. enrolled on education and training courses. gain qualifications and secure work placements. Thursday Mindful Arts and Crafts Average l O sessions per quarter with 26 beneficiaries. Clients attending to socialise and take part in arts and crafts. Staff a￿ able to offer signposting into other activilies and provide 121 support. In portnership with Sheffield Theatres. we have run the Community Curtains workshops. 26 local people have been involved in making fabri¢ pictur¢s representing th¢ir local ¢ommunity in Sheffield using different techniques such as screen printing. embroidery. and sewing. The curtains are now up and in use on the Arbourthome centre stage. The group attended a celebration event at the Crucible in April where phot05 of the stage and curtains were exhibited. Th¢ group has deliver￿ joint projects with The Wildlife Trust including trips to Damflask and Ston¢fa¢e in¢orporating walks and outdoor craft. The Arbourthorne Centre Lunch club has an average of 11 sessions with 38 beneficiaries each quarter. Three volunteers have catered for between 30 and 40 people ca¢h Thursday lun¢htime, providing a healthy, hol m¢al. They also delivered Christmas dinner for 35 people. These volunteer5 also catered for 80 local people at an event ai The Arbourthome Centre which wa5 organised in parthership wilh Sheifield Theatres, Pinders Dance and MASKK. Arbourthorne Community Allotment Ha5 3 iegular volunteers. Unfortunately. we were not successful with the ward pot application. but have been asked to reapply in May when the new allocations are de¢ided. We are looking at how we cari work with other green space projects in ihe area to build on capacity and share resources. l am supporting the local volunteers to become constituted and op¢n a bank account and have be¢n in touch with VAS and SYFAB for support with accessing relevant funding for the group. Volunteers attended Forestry skills at Northern college with MCDT, there they developed confidence in working outdoors and bushcraft skills. Physical activity Despiie ¢ovid-19 we hav¢ had positive feedback with regards to delivering classes ouidoor and indoors. We hav¢ a wei weather plan to deliver classes and prevention of classes being ¢an¢ell¢d which has help 5UPPOrt clients especially around mental ill healih as the cl￿$¢5 really help. We have clients ihat find if they ¢annol attend sessions that it has a negative eff¢ct on their own mentsl ill health. Du¢ to the cu￿ent situation, we have d¢liver¢d sessions using our green sPa￿S of Manor fields which has had a Positive achievemenl Wlth regards to retention as more peopl¢ have si8ned up to MCDT activities as people Walkin￿runnin9]COMmU1in8 and see what we deliv¢r and join in. Staff have gained qualifications so that they can deliver Zumba in local venues Footy¢iS¢ project has developed providing football based exercis¢s. Some participants are now playing football. 10 -15 participants tske part weekly. The group has tak¢n part in a women's football tournament. Staff and participants hav¢ taken part in social events. training s¢ssions. joined teams. trdined to become coaches and undertaken playmaker qualifications MANOR AND CASTLE DEVELOPMENT TRUST LIMrfED TRUSTEES, REPORT (CONfiNUED) FOR THE YEAR ENDED 31 MARCH 2022 Physical activity (continued) Boxercise clas5¢5 Average 18 beneficiaries Boxerci5e Tuesdays Av¢r4ge 12 beneficiaries Kenlercise Average 22 beneficiaries Pram push Av¢iage 3 benefi¢iaries Extra activitie5 Pilates Yoga average 20 b¢neficiari¢s Self D¢f¢nc¢ Health walks average 39 beneficiaries D0Ve￿OUrt Surgery East Bank medical surgery White House Surgery Manor fields park (women only) extended walks (working with the ShelTield and Rotherham Wildlife Trust) Staff hav¢ d¢veloped a wide programme by working wilh citywide atid national partners.. Sh¢ffi¢ld United, Sheffield Hallam Advanced Wellbeing Research centre. She￿ield and Hallam Football association, English Institute for sporL A volunteer supported by MCDT has set up his independent running group and it has grown significantly from 7 participants to over 20. A few of our clients hav¢ joined this group and or¢ attending regularly as well as achieving their personal Ixst. On request they have expand¢d from one evening nan to two. Recently the group has bought th¢ entry for him to Sheffield Half Marathon and l OK run as a thank you. Positive feedback from clients= The classes really help my mental health. Clients have come tog¢ther. Clients coming together to put a Christsn&8 celebration on which we gav¢ certificates on the day as a Thank you for your SUPFrf)rt and your achievement_ Miss L.T thank you lo the support the fiiness team have given her gave her the stren￿h ￿ complete her personal traincr's qualification level 3. Thank you to the fitness classe5 ihis has saved my life as I would be drinking and not socialising. Thank you to class¢s I have found a new lease of life. With the support from the fitness family. I have had the courage to leave my abusive relationship. Thank you for the friendship and support as l am now rnnning with a friend. and I havg a friend for life. l am now running on my own! If you would have asked me last year to run. I would have laughed. MANOR AND CASTLE DEVELOPMENT TRUST LIMITED TRUSTEESY REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Positive feed ack from lients= (continued) My fitnes5 l¢ve15 have improved. I have applied to university to do a teaching qualification. I have found the confidence to ￿lIeVe in myself and set up my own small business in baking cakes and buns with the support from new friends who believe in me. l am now cancer free- this was from a client that thought he just had a hernia. found that he had 2 and sta8e I cancer... from att¢ndin8 the Boxercise I found I had a health issue. Thank you for ihe new footycis¢ session as I was abl¢ to share with the group that I was non-Binary (This also hel￿d me as a trainer to be tnore awar¢ when addtEssing a group when delivering). This Girl can Project Our This Girl Can facebook page has 720 members. Women share iheir journeys regarding.. weight loss, fiffiess, movin8 more. football. joining a gym. horse riding. walks and litter pickin8 on our local green 5pace5. Staff us¢ ihe page to promote the 5 ways lo wellbeing promote moving more. set challenges. share stori¢s provide virtual coffee mornings and zoom healthy cooking sessions. Staff have also supported memkrs to join group5 and activities locally and use the connections to promote public health messages e.g smear tests and other canc¢r scre¢ning. Eat WelVLive Lighter Currently delivering the Live Lighter extended service which has replaced Ealwell. Target of 44 individua15 reducing their BMI by June 2022. Currenily 22 ¢li¢nrs have attended and reduced BMI. Main focus of the MCDT adapted Live Lighter piogramme is not to primarily focus on weight loss but to increase confidence and knowledge in ¢ookin8 from scrat¢h and on a budgel. incr¢ase knowl¢d8e on nutrition. improve mental wellbeing and to engage clients in other social activities including physical activity. Clients attending the live lighter programme have gone on to attend physical activity sessions, craft sessions and access oth¢r SUPPOTL Norfolk Park and Arbourthorne Men's Group This group provides a regular safe meeting space weekly. Activities for members include healthy eating, canal walks with Bare project { a project based on developin8 ¢ngag¢ment with the canal in Sheffield). photography project (partnership with Sheffield Theatres). and volunteering opporhjnities which SUp￿)rt the men involved in the group. Planned activity includes addilional session to be developed to create another safe space for groups of m¢n to be abl¢ to talk and deal with their mental health and wellbeing which has been increasingly an issue since Covid and the development of creative dramalarts project in partnership with ShelTield Theatres. C#nceY work Work has taken plac¢ in partnership with Cancer Alliance and Weston Park developing & piece of work to enable local memb¢rs of the comsnunity to access cancer services. MCDT stafflvolunt¢¢rs and Dovercourt Medical surgery staff attcnded Behavioural Science workshops to iderhtify "nudges" to enable behaviour change. Th¢ focus was on lung and upper body cancers. MCDT stafflvolunl¢¢rs engaged the local community using community developtii¢nt methods including so¢ial media and targeting existing groups, providing inforniation and encouragement to identify potential symptoms of cancer in general and attend their GP service. One of the aims was to in¢re&se the uptake of screenin8 and then action FKcause the data te115 us ihat people in disadvantsges communities are less likely to tske up their screening. The learning from the workshops is now embedded in to MCDT and front facing staff will ¢onrinue to use the'wudges" where appropriate. MANOR AND CASTLE DEVELOPMENT TRUST LIMITED TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Supporting people living with dementia and their earers Average d I calls made per quarter either to people newly referred or as a 6 monthly wellbeing check Wc run 2 detnentia Carer's groups att¢ndcd by average 15 people quarter- A5 part of the Dementia Link Worker role fte¢ds have been address and discussions had on issues su¢h &% as paid carers. dhet, adaptatlons, care homes. wandering, carer str¢ss. ac¢¢ssing the Memory Clinic. GP int¢rventions, groups suitable for people with dementia. Attending and contributing to Ncighbourhood Dementia meetings. Attending Primary care MDTS to discuss shared support for clients. Working with Occupational therapist and South Yorkshire ambulanc¢ s¢rvi¢e Providing resources and infomation for Dementta news We 5UPPQrt the delivery of 3 Dementia cafes: Providing social 5UPPOrt and activitl¢S such as crdft. games. discussion topics, reminiscence boxe5, flat Tnat bowling and karaoke. The sessions have been used to support people to access health¢ar¢. vaccinations and promote public health Tn¢ssag¢s. Spires Demeniia Café.. 46 sessions per year. Average attendan¢e 31 per quart¢r Victoria Dementia Café= 46 sessions per year. Average att¢ndan¢¢ 18 per quarter Park Centre afternoon tea.. 46 sessions per year. Average attendance 7 per quarter Supporting groups, organisations and local shops to become Dementia Friends and be more accessible for peopl¢ with dementia. For el-Me-Nois music rou D¢mentia friendl - Th¢ group meets on a weekly basis at Park Centre. Funding was ac¢ess¢d via the People K¢¢ping Well Small Grdnts to allow the Singing group to continue for a year. The group were involved in a short project wilh Ignite Imaginations to ¢el¢brai¢ Mozart. This involved learning (he Mozart Requiem and painting to music. The group were invited to a show case event at th¢ Workstation and sang the Requiem in public. The group were invited to b¢ part of the Euro Women's Anthem project wilh the Royal Philhartnonic Orchestra. a Sh¢ffi¢ld Anthem was created, and part of the singing group were invited to go to London to record the London Anthem. The trip was a real succes5 and involved a mixlure of p¢opl¢ includin8 a member who had never travelled on a train and 2 people who had n¢v¢r been to London before. The group will be involved in th¢ Women's Euro Tournament singing the Sheffield Anthem in the City in July 2022. Healthy Holidays We also delivered the Holiday Activity with Food prograrnme for familtes with Children eligible for free school meals in Souih¢ast Sheffield a¢ross the academic year. The Department for Education funded the programme across the easter. Summer and Christmas holidays and the Council provided a very small amount of money to d¢liv¢r a smaller programm¢ in Febn￿ry and October half terms. This year, because Covid restrictions were lifted we went back to dclivering face to face activities, utilising open spaces were possible (weather dependent) alongside a healthy meal. We reach¢d approximately 1500 children a week. MCDT played a coordinating role across Locality C (school based boundaries) that mainly covered Darnall and Tinsley. Arbourthorne. Manor Castle and Richmond wards. and we worked with over 30 different providers in partnership over th¢ academic year. some small community, grass rool or8anisations led by volunteers to big well- resourced football clubs. The main fo¢us was to make sure children did noi go hungry over the school holidays with fatnilies ihal continued to face financial pressures after the pandemic and that the children had a positive experienc¢ that enri¢hed their learnin8 and physical wellbeing. W¢ worked with Hallam FM Cash for Kids to apply for Christmas presents and ran three pop up 'shops' over three days in December. Parents were identified by schools if they would benefit from this support and then referred to the rK)p up 'shops' to collect free Christmas pr￿entS for each of their children. The families identified w¢r¢ stsug81ing to make ends meet and the children were at risk of waking up on Christmas day with no presenrs. MANOR AND CASTLE DEVELOPMENT TRUST LIMITED TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Best Stirt Communities Count BSCC has a whole family approach to all¢viatin8 some of the worst ¢ff¢¢ts of poverty by providing a rang¢ of activities and support in= Manor J CLS11e. Norfolk Park / Arbourthome. Darnall l Tinsley. Shiregreen / Brightside. We do this by.. Setting up and providing toddler groups on all days. in all localities. Providing knok clubs where parents / careTS and iheir children begin ￿ have the confid¢n¢e and undersland th¢ importance of reading logether. Plan and provide a range of holiday activities fo¢used on a whole family approach including provision of a healthy lunch (HAF). Provide opportunities for families to come together, cook healthy food and eat together. Recruit and train volunteers to help the teawn deliver the programm¢ and support volunte¢rs with continuous professional dev¢lopment (in¢luding delivery of the Early Years Volunteering Programtne). Aft¢r almosi 18 months in and out of lockdown it wa5 extremely difficult to bring back the pre-¢ovid versiorb of Best Start. Individuals and families found it hard ￿ re-engag¢ with society. There was still great fear of what may come n¢xt. The other big issue was ¢hildren had grown up. Th¢ families we were supporting now had children at school and we had lo use all our knowledge. networks and our social media pages to engage new families. We spent many hours talking to parents I carers during the pandemic. mental health issues were on the rise and many first-time mums had given birth during lockdown. D¢v¢lopmentsl mil¢stone5 were being miss¢d for very young children and new mums had no idea how to 5UPPOrt their children withoui any face-to-face support and services available. We began by opening just a few toddler groups. We put a booking system in place in order to limil the numbers of families attending whi¢h offered som¢ reassuran¢¢s to parents I carers. It was slow at first but little by little (and with a huge amount of encouragement) numbers began to grow. As we were coming into milder weather in the spring of 2021, we facilitated some ouidoor meet ups l toddler groups in local parks. People in general felt safer outside and it creatcd opportunities to spcak to parents and ¢ncourage them to actively engage with the project. With attendan¢¢ on the rise, we needed volunteersl We set up a volunteer trdining programme with the target of getting ar least one volunteer allocated to each group. We successfully recruited and trained 20 new volunt¢ers. They hav¢ been fantastic and provid¢ invaluabl¢ support to the project. 10- MANOR AND CASTLE DEVELoPmE￿r TRUST LIMITED TRUSTEES, REPORT (coNfiNUED) FOR THE YEAR ENDED 31 MARCH 2022 Community Development Adult Communi Learnin ACL Despite the dilTiculties that Covid 19 brought the ACL team worked hard to Continue ¢ngaging with and 5UPPOrting l¢amers to progress. throughout the a¢ademic year the team engaged with 178 individuals wilh 551ameTS progressing onto fvrther learning. Thi5 year has also seen a dramatic shift in the way SCC fund the adult comwnunity learning offer. 2021122 tender did not include the l¢arnin8 champion roll leading to the redundancy of th¢ two members of staff working on the project in August 2021. MCDT development worker liaised with other VCS ¢ontra¢i providers in the city to brin8 tO8eth¢r a partnership group to Mddress che issue at a Citywide and regional level. Issues regarding changes to the way ACL 15 funded and the focus on skills and employment has created gaps across the city and left the East with no adult community learning offer. Th¢ d¢velopm¢nt worker has since worked with Great Places to develop a roll for the Wybourn and Richmond community to work as Adult Commurhity Learning Engagement worker. Grear Places have funded rhe roll as a pilot including funding for ¢lasses, for on¢ year and if successful will consider the roll being continued and duplicated across their ¢ompany. We were able to recruit the roll internally and the ACL engagement worker started in p)st on 151 April 2022. The ACL VCS partnership have Continued to meet and met with SCC and South Yorkshire Mayoral Combined Authority (SYMCA) to continue a Conversation as to how th¢ VCS could be involved in shaping and co-producing the adult community learning programme in Sheffield going forward. Echo.. Echo ¢ontinues to evolve and has been hosting the springboard ¢af¢ due to lack of &c¢ess to the Manor Library, the sessions have been success￿] and have given attend¢es an opportunity to acce55 E¢ho and volunte¢r at the project. Echo continues to help build capacity at York House and has developed the toy library which is very successful. W EK)urn Corner House- Due to Covid r¢stri¢tions no activity took part in Wybourn corner house. for a long while, the corner house did host several drop-in consultation sessions regarding the community atThork for the new community hub. MCDT development worker continued to work with The Corner House steering group and community hub 8roup to develop the design and offer at the new Community Centrt. which is due io Ix opened in July 2022. N¢￿VOrks. We continue to facilitate the Youth Provid¢r and Community development network a5 well as attending the Local Area Committee meetings, MCDT development workers also attend the MCAG and PAAG (Manor Castle Action Group and the Park & Arbourthorne Action Group) meetings. The main areas currently Eten worked on by several pathers in¢lud¢d_Food Poverty and Digital Inclusion and Anti-social Behaviour. One of the objectives in 2021-22 was to develop a digital inclusion strategy which was achieved and launched with minimuTn support from stskeholders. which was disappointing. however some positiv¢ partnerships were developed with Great Places and Matrec. We were able to secure a ward pot grant for a pilot project and with sUPPOrt with additional fundin8 from Great Pla¢¢s the digital loan scheme and digital buddy project was launched. MANOR AND CASTLE DEVELOPMEwf TRUST LIMITED TRUSTEES, REPORT (coNfINuED) FOR THE YEAR ENDED 31 MARCH 2022 ital Inclusion The digital pilot has had some teething problems mainly due to partner capacity. however we have secured additional funding via City Council to build on the project and hav¢ been abl¢ to increase th¢ hours of the Adult Community Learnhng engagement worker to incorporate the digital itbclusion program into their work plan. W bourn Communi Centre.. Work h&$ been ongoing with Great Places and the Corner House St¢¢ring Group on the new Community Centre in Wybourn as well as a piece of Community artwork. site visits with the steering group have been hosted, and work on thc art work will in April/May 2022. Arbourthome Centre.. because of the increased demand for access to community events and activitie5 following on from Covid - 19, we established a small working group to build capacity from the building through community engagement evenls and community development. We were successful in s¢curing a small Ikea grant io help fund some engagement work and activities. In May 2021 we held th¢ first COTTJmuniry open day which saw lots of new people ￿essIng the building? followed by another event which f4xused on w¢llb¢ing deliv¢r¢d in Feb 2022. Both events hav¢ been very successful and enabled community consultation and brought new people into the building and enabled the development of new projects including= Community ¢urtains Proje¢t SYFAB funding surgery The events hav¢ demonstrat¢d that the building is an integral pan of the community and is in a good position to support local people through the current economic crisis. The Arbourthorne Get Creatii'e S2 Women 5 Art IDrama Grou was recruiied to and developed to work in partnership with Sheffield Theatres. A script writer and director worked with a group of 18 local women. who were supported by an MCDT member of stsff and another support peTson to ¢Teate an inclusive group. Twelve s¢ssions were funded and took place in the Arbourthorne Centre with a showcase on the Sheffield Crucible stage which involved a 30 minute perforniance written and delivered by the member5. The Tnembers accessed free tickets for perfomiances at Sheffield Crucible theatr¢ and Lyceum theatre. Whilst the Wometb S group weekly sessions took place a broader arts project was being developed across the area. this involved th¢ ¢reacion of Community Curtains for the opening up of the Arbourthorne Centre stage. The S2 Get Creative Women's ArUDrama Group were filmed perforniing the 30 minute sketch and it is planned that there will be a s¢reening in th¢ Arbourthorne centre as a fund raiser. The group are presently working with th¢ ShelTi¢ld Peoples theatre and will be part of a larger production on the stage ar the Crucible in August 2022. Plans to continue from September to December 2022 creating a short pantomim¢ for a showcase in Arbourthorne Centre and Temple Centr¢ is being proposed. Manor Park Economic Recove Fund ERF .. MCDT wer¢ approached by SCC to develop and deliver a project through the ERF to increase fooifall at Manor Park shops and improve the environment. MCDT developm¢ni worker submitted a bid for £50k which included three are&s of work, Environmental works to improve the area. A piec¢ of Community Artwork to improve the entrance to the shops and engage with local people And events such as pop-up market days. Christmas li8ht5 and a Christmas market. Th¢ grant application w&$ 5ucce5sful. and work has b¢gun on setting up a steering group of residents. business owners and stskeholders. Work on the proj¢ct was delay¢d due to time delays via SCC producing the grani agreement and staff sickness at MCDT duc to Covid-19. The proj¢ct d¢adline is December 2022 and will be on track to complete on time. 12 MANOR AND CASTLE DEVELOPMENf TRUST LIMITED TRUSTEES, REPORT (CONfiNUED) FOR THE YEAR ENDED 31 MARCH 2022 Park Centre, this centre 15 made up of two main elements- the community, volunte¢r led library supported by MCDT staff and Community spa¢¢ that is availabl¢ for community activity and us¢d for projects MCDT deliver. The Centre & library still had some Covid T¢stri¢tions in pla¢e until March of 22 to protect the health of the staff team and volunteers, which meant some activities operated differently. The following activities Afternoon tea .' 13 ladies and gentlemen resumed the aciivity In February 22 when we started to relax some of our restrictions. They meet on a Monday weekly. One member who has now moved to Guilford drive apartTn¢nts. is still to allend despite being increasingly vulnerable ￿Cause a memkr of staff collects and takes her home. Communi su rt '. we still pmvide practical support 10 3 members of the Centre by doing weekly shopping and prescription5 collection and delivery because they are still vulnerabl¢ in different ways. This service continued throughout 21122. We are still doing welfare checks for 15 peopl¢ until March 22. We provided 5 Chri5tma5 meals cooked and d¢liv¢red by sthff to isolated community members. Two community Tnetnbers were taken for Covid boosters. Pant .' Th¢ Pantry is a m¢mb¢rship proj¢¢t where people pay £3.50 and re¢eiv¢ access to £20 of basic f¢)od. Over the year 63 people have received a service from the paniry and 1466 shopping b&sk¢ts hav¢ been filled, 6 families received fuel payments kindly donated by another community member. The Pantry is run by volunteers. supwrted by MCDT stsff and hav¢ ¢ontribut¢d 432 volunteer hours. Park Libra The service has been delivering very differently less available due to loosing volunte¢rs to other things during lockdown. Also, the council still imposed some restrictions for borrowers in ternis of limited numbers allowed into the building at any one time. In March 2022. we tylaxed some of the restrictions but opening hours have been affected due to lack of volunteers. The Current opening until July 2022.. Monday all day and Wednesday morning only. From July we will Incre￿ opening to Monday all day and Wednesday all day. We have successfully recruited 4 new volunteers who have started their training. During 20221-22 we have supported 8 volunteer5 who have offered 416 volunteer hours. Park Centre activitie5-. Table tennis. Line dancin& Black women's group all resumed in February 2022 with some restrictions Youth club.. we are ¢urrenily supporting 4 volunl¢¢r mvms to re-open the youth club in som¢ capacity. This new project stsrt¢d in March 22 and we are planning to open the session in July 2022 when the Mum's have been through some training and have plans for ihe inilial sessions as a pilot. Future Proof ro ect & MCDT .. This is a project in partnership with the university to ensure that the history of the non while British population exFKrience is captured and celebrated. This Heritage project is focused on working with the Black women's 8roup that meets in Park Centre. Stsrted in March 22 and is ongoing. Oiher areas of wor Skye Edge community me¢ling, a group of residents. council reps. Green Estate, Great Places, and MCDT have met lo dis¢uss issues arising on Skye Edge and to develop plans for improv¢ment. MCDT development worker attended the Manor Fields Park management partnership where a number of development ideas for the park were discuss¢d and will hopefully b¢ developed in the future. MCDT development work¢r sp¢nt some time at Whitehouse surgery supporting the Covid 19 booster vaccination programme. MCDT developm¢nt worker is working with SA vfE to develop an ESOL conversation café offer for the area. MCDT development worker has met with the Amber proj¢ci to discuss how we can work more Closely to support the young people living in the a￿a. os well as attending workshops relating to youth violence and exploitation of young people. 13 MANOR AND CASTLE DEVELOPMENT TRUST LIMITED TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Supporting People into Work The Employment t¢am continued to offer a s¢rvi¢e remotely. using t¢chnology. telephone support and doorstep support. The team had x contracts to deliver supporting people with mental health i55ues. people with leaming disabilities, people with physical disabilities and those furthest away from employment. The team suc¢¢ssful achieved all the outcomes. The team recruited 210 people onto the programme of which 124 started a job during the pandemic. The team supported 64 people to tak¢ up training opwrtunities. The team en8aged with 63 different employers, seeking opportunities for their clients. In temis of achievements and the diversity of the communities we reach.. 21 people with Leaming Disabililies engaged 32 people with Physical disabililies engaged 48 people from BAME backgrounds engaged 9 people with mental health issues engaged 57 people over 50 engaged and 97 people who engaged had over 2 year5. experience of unemployment. 12 Ex offenders were engaged with and moved into employment Some of these people are obviously counted in more than one ¢at¢gory. Th¢ team have overachieved all their contractual outputs on all contracts. Early Years: Sunshine Nursery The nursery is a key s¢rvic¢ that MCDT continues lo offer. It is a key thread in our strategy, enabling families to work, providing an ¢x¢eptional early start for under 5-year-olds. ensuring ihey are ready for school. MCDT believes that education and access to employment are the kst routes out of structural disadvantage. The number5 hav¢ retnain¢d buoyant during lh¢ year se55ions fluctuated be￿een 675 -755 being taken at any one time. It has been notable that the number of children with specific needs has increased with 19 children having a diagnosis of some sort. Thi5 includes Speech and langu&g¢. autism. hearing impairnients ¢tc. The number of children accessing 30-hour FEL places was 22. mainiaining th¢ growing evide￿¢ of the necessity for local nurscry education. W¢ still have a significant number of under 2-year-olds. Many nursery Settings do not take Under two's because of the cost of maintaining the ratio's. The nursery undertakes regular. robust parental satisfaciion surveys that mirror the Ofsted requirements and tn 2021-22 all surv¢ys scored the Nursery as Outstanding. Many parents provide straight l O's in all categories. It ha5 been a challenging year for ihe Nursery siaff. mana8Lng to maintain a covid secure environment and keeping Staff as safe as possible. The team have worked hard to continue to deliver a quality service during a very difficult tim¢. Parents Ar¢ Ex erts.. linked to the nursery, whilst the sessions were not able lo b¢ delivered face to face, work has be¢n done to prepare for post pandemic and to build relationships wilh sch(K)Is. local authorities and create a pipelin¢ of demand for when we Can deliv¢r the Courses. Training for Trainers was delivered from the Quadrant with the Ed Psych from Rotherham commenting It wa5 the.most reS￿ctful parenting programme ever experienced" The council commissioned training for the ¢ity's early years provider's "Brain Ar¢hitecture and the Early Years" proved inforniative and successful. Ext¢mal training was also delivered to Thvo early years settings. Staff members continue to complete extensive Iraining with FITSI Aid. Safeguarding. Food hygiene being ¢ompu150ry* and a pleihora of additional courses undertaken. 14 MANOR A]YD CASTLE DEVELOPMENT TRUST LIMITED TRUSTEES, REPORT (coiYfiNUED) FOR THE YEAR ENDED 31 fvLiRCH 2022 Partnership working The Arts Partnershi Work with Ignit¢ Imaginations have i*¢n trialling a pilot programme called "Everyon¢'s a Maker" MCDT r¢¢ruited and help support local peopl¢ to becom¢ involved developing their int¢re5t in the arts or a hobby to a¢cess. One participant who had had crisis in their life became involved and started portrait painting again. He ha5 completed l O portrdits of local staff and volunteers who he feels have helped him on hi5 h¢alth joum¢y. Showcase exhibition to take place ￿ York House. Anorher parti¢ipant created an art instsllation "The wellbeing tree-. working with the Take Part in the Garden Self Care Group to mak¢ WiT)d chimes for the b105som tree in York House Garden and then held a wellbeing day to celebrate and say Thanks to the members for being part of the project. This involved providing art resources for participants to draw the tree. Another participant h&s developed their recycling of clothes sewing skills lo create an online plarform called from Rags to Riches. The Bare project have organised foraging walks down the Sheffield Canal and has opened opportunities to be involved in The Hinterland project September 2022. The Canal and River Trust= have visited the Take Part in th¢ Garden Self Care group to inforni members about how they can get involved with the Trust and issued an invite to Arts & Crafts on the Canal which takes place ort Friday5 to all the group members. The S¢plen]ber Waterfroni Fesiival is a good opwrtunity to fund rnise with small gTOUPS and raise the profile of MCDT. Foodhall Pr ect: Partn¢r5hip piece of work holding pop up caf¢s in S2 a￿a. The Foodhall project provided free vegetsrian food. deliver on the Love Food Hate Waste agend& They provide staff to cook the food. MCDT provided the venue and the people who would benefit. The project was promoted to encourage people to ty vegeiarianlvegan food, something new in their di¢1 that was affordable. nutriiiOUS and tssty. This then led lo a number of volunteering opportunities in Sl Foi)dhall Project café. Some participants took up the opportunity to give iheir time io Foodhall. Fri nds of Manor Fi¢lds Park: A regular meeting to help develop the park for the local community. The Friends Feed into the Green Estste5 plans for the park ( the Green Estate manage ihe park)- Members of the Friends group carry out monthly themed walks, organise Halloween event in partnership with MCDT. Green E51ate and MASKK. Th¢ Friends also play a key contribution in the application for Green Flag starus. They have also fundraised to deliver the Woodland Confidence COUTse pilot. heffield Univ¢rsi MCDT provided placements for 6 medical students to allow them an understanding of S2 community and the setvices available. Gave them an insight into the work we do as a community engagement organisation in relation to Public Health. Sheffield Hallam Universi Provided placements for 2 Sport students based in the Healih & W¢llbeing Team giving them a worthwhile experienc¢ of cornmunity engagement and understanding of th¢ motivators which help people become healihy. We communicated with partners via email and worked closely with IIKal and City wid¢ partn¢rs to ¢ascade information and jointly work tO8ether to deliver community hub services e.g identifying people in need, sourcing resources, sharing staff &nd volunteers etc 15- MANOR AND CASTLE DEVELOPMENT TRUST LIMITED TRUSTEES, REPORT (CONTIIYUED) FOR THE YEAR ENDED 31 MARCH 2022 Prima Care NeTh¥ork - We worked closely with our PCN. Some staff attend online MDT surgery meetings. We a150 worked together on the Mental Health transforniation project and to promote vaccine uptake and will be delivered vaccine promotion as part of & CCG project. W¢ developed a project with our PCN. Cancer Alliance and Weston Park Hospital to increase numbers of people attending surgeries with potential cancer and then engagin8 Wlth 5ervi¢¢s. Summary Overall it has been ¢hallenging year. however, thanks to. the dedkcation of ALL staff we have still manag¢d to achieve a huge amount of positive outcomes for local people who otherwise may have been i501ated, without SUPPOrt and suffering worse outcomes that they hav¢. The Board are proud of what the staff have achi¢ved in 2021- 2022. Financi*l review - MCDT the eharitable company Operating r￿ule$ The trading results for MCDT reflect a concerning year for the organisation. reporting a deficit of £97.248. Financial position At 31 March 2022 total fund balances were £2.164.194, of whi¢h £679,677 was resiricted, and cash al bank was £816,188. The freely available unrestrict¢d funds wer¢ £420.388. Reserves policy - unrestricted funds The charitable company acknowledges the difference beTh¥een cash reserves and funds as d¢fin¢d under Charities SOR￿ 2015. The charitabl¢ company attempts to br¢ak ¢ven each year and not r¢duce its unrestricted funds balance. However, unrestricted funds will be allowed to redu¢¢ and pot¢ntially b¢¢om¢ n¢gaiiv¢ if it can be shown that such a course of action is in the best int¢￿Sts of all the creditors of the or8anisation. Reserves policy- restricted Cunds Restricted funds are manag¢d rigorously and are not allowed to become negative. If a r¢stri¢l¢d fund experiences clawback then such a clawback is funded out of unrestricted funds and not restricted funds. Financial review- MCDT Group Investments and group companies Parkway Busines5 Centre LiTniied continu¢s to generate profits to help support th¢ activities of MCDT. The Quadrant continues io build a reputation as the premier Serviced office space provider in the Sheffield area. Parkway Business Centre Limited generated an operaiing profil of £63.595 and its total 105s for 202112022 was £2.077. Du¢ to its highly geared nature Parkway Business Centre Limited inCur￿d interest charges of £S1.089 and these interest charges at a similar level to the previou5 year. Net assets al 31 March 2022 were £634,831. Managing Lo¢ally Limited, a small trading subsidiary. generated a profit of £64,886 in 202112022. Net assets at 31 March 2022 were £309.376. 16- MANOR AND CASTLE DEVELOPMENT TRUST LIMITED TRUSTEES, REPORT (coiYfiNUED) FOR THE YEAR ENDED 31 MIKRCH 2022 It is the policy of the group that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent io between three and six month's ¢xp¢nditure. Th¢ trustees consid¢rs that reserv¢s at this Icvel will ¢nsur¢ thaL in the event of a significant drop in funding, they will be able to continue the group's current activities whil¢ Consideration is given to ways in which additional funds Thay be raised. Thi5 level of reserves been maintained throughout the year. The trustees have assessed the major risks to which the group is exposed. and are satisfied that Systems are in place to mitigate exposure to the major risks. The trustees consider that the group is exposed to s¢v¢ral si8nificant risk5. These ri5k5 ar¢ asse55ed by th¢ Senior Staff Team and The Board and a fornial risk regis*r is collated annually and reviewed regularly. Given the dynamism of the sector in which the group operates the ongoing risk profile is ¢ontinually assessed by The Senior Sthff Tearn who report accordingly to The Board. Charity Governance Code for Larger Charities 2017 The Trustees have undertaken a comprehensive r¢vi¢w of the Boards perforniance, measured against the Seven Principles ¢onthin¢d in the recently published Charity Governance Code for Larger Charities 2017. A Paper was presented to the Board in September 2017 with an evaluation of how the Trust Board w&8 deliverin8 against the key outcomes re¢omTnend¢d. The Board trustees contributed to the evaluation. Ov¢rall MCDT meets the vast majority of th¢ key out¢om¢s. The review has identified areas in which the Trust Board ¢ould improve and the CEO developed an Action Plan to address those areas and the Board has stsrted to implement the recommendations. The Board will review annually. The Board are committed to ensuring ihAt ihe CoTnmunity Development and Engagement Team continue to deliver community engagement serviG¢s. The a¢tivities of this team are the core reason for MCDT'S existence. The Board review the purpose and structure of the development activity regularly. The Board are committed to pursuing proj¢cts complementary to OUT objectives and to maximis¢ the re￿rn on our assets. Structurei goverDance aDd maD4gement The organisation ('MCDT') is legally constituted a company limited by guarantee and is gov¢m¢d by a Memorandum and Arti¢l¢s of Association. The company registered &s a charity on 13 March 2008. The tnjstees. who are also the directors for the purpose of company law. and who served during the year were.. K Curran Y S Bramall D M Lawton K Cr&wshaw R Dowling TLFOX DrAJEBarnes S Mair-Richards A M Murphy (Resigned on 12 July 2021) (Appoint¢d on 5 July 2021) 17- MANOR AND CASTLE DEVELOPMENf TRUST LIMITED TRUSTEES, REPORT (coivfINuED) FOR THE YEAR ENDED 31 MARCH 2022 The 8roup is governed by a Board of non-execuiive trusteesldlrect0￿ ('non execuiiv¢s')- There are up to 12 non- executive p051tions available and The Board is split into four groups of non-executives. these are.. Private secior representstiV¢S. Te¢ruit¢d on the basis of expertise usefiil to ihe Boards strategy. Sheffield City Council represeniatives. nominated by the Council. Community sector representative5, nominated by the Community Forums. Co-optees. All Board decisions must be ratified by all four groups of non-executives. Detailed provisions exist that control the appointmeni and removal of non-executives but the oveThiding aim of The Board is to work as a partnership between all four groups. Th¢ group offers support and training to all of its non-executives to assist them in fulfilling their rol¢s. Currently there is noi an agre¢d length of time trustees are appointed to in the mem and arti¢les. The Board is a partnership designed to r¢fle¢t the range of stakeholders With an Inte￿5t in the success of the neighbourhood. The partners are subject to different recruitment proce55¢s unique to th¢ organisation's constitution. Turnover of Board members is low and this provides continuiry and corporate memory. Thetr is a growing issue in Sheffield as a city in attracting and retaining trustees to board5. MCDT is in a relatively good position in that we are attracting new trustees that meet the organisations needs goin8 forward. Th¢ Senior Staff Team attd Sensor Management Team During the year the day to day management of MCDT was delegated to a Senior Staff Team comprising of & Chief Executive Officer and a non-ststutory Finance Director. The Senior Management Team is 5UPPOrt¢d by a comtnitte¢ struciur¢ that draws on the expertise from the Trustees- Finance and Development committee (bi-monthly). Delivery and P¢rforIn￿¢e committee (quarterly). HR committee (a5 and when rcquir¢d). The committees report to the Board any recommendations for action. The delivery structure of the Trust is such thai each business unit has a senior member of staff managing the day to day delivery. The CEO. line managers and the senior team meets quarterly. Group structyre MCDT has two wholly owned subsidiary companies Parkway Business Centr¢ Limited {PBCL) and Managing Locally Limited (MLL). Both ¢ompanies are trading companies with the object to gift aid any surplus profits to support the ckaritsble activities of MCDT. Pathway Business Centre Limited owns and operates The QuadranL a prestigious 37,000 square foot service office accommodation complex in ShelTield. Managing Locally Limited owns and manages the property portfolio built up by MCDT. The governance stru¢ttJres of MCDT mean that The Board of MCDT can directly control ihe trading subsidiaries via The Senior Stsff Team. MCDT is a partner with Sheffield Wildlif¢ Trum in The Green Estste Community Interest Company (fornierly The Green Estale Limited). MCDT has Control of a third of the voting rights of The Gr¢en Estate Community lTrter¢st Company and exercise ihis control by the MCDT Chief Executiv¢ Offic¢r sitting on the board of The Green Estste Community Interest Company. MCDT Board also nominates an alternate director who sits on The Green Estate Community Interest Company Board in a non-voling advisory capacity. 18 MANOR AND CASTLE DEVELOPMENT TRUST LI￿￿TED TRUSTEES, REPORT (CONTINUED) FOR THE YEIKR ENDED 31 MARCH 2022 Disclosure of inforni¥tion to auditors Each of th¢ directors h&s confirmed that there is no information of which ihey are aware which is relevant lo the audit, but of which the auditor is unaware. They have further confimied that they have tsken appropriate steps to identify such relevant informalion and to establish that the auditors are aware of such inforniation. The iru5tees' report was approved by th¢ Board of Trustees. L4S Eai Y S Bramall Trustee 14 November 2022 19- MANOR AM) CASTLE DEVELOPMEiYf TRUST LIMITED TRUSTEES, RESPONSIBILITIES STATEMENT FOR THE YEAR ENDED 31 MARCH 2022 The trustees. who ar¢ also the director5 of Manor and Castle Development Trust Limitrd for the pvrpose of company law, are responsible for preparing the Trusiees Report and the accounts in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally A￿epted A¢counting Practice). Company Law requires the trustees to prepare accounts for each financial year which give a true and fair view of Ihe state of affairs of the charitable company and the group and of the incoming resource5 and application of resources. including the income and expenditure, of the group for that year. In preparing these accounts, the truS￿S are required to: select suitable accounting policies and then apply thetn consistently. obs¢rve the methods and principles in th¢ Charilies SORP. make judgements and esTimates that are reasonable and prudent; pr¢par¢ ihe a¢¢ounts on the 80ing concern basis unless it is inappropriate to presume that the charitable company will continue in operation- and State whether applicable UK accounling standards hav¢ b¢¢n followed. subject to any material departures disclosed and explained in th¢ accounts. The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of lh¢ charitsble company and enable them to ensure thal th¢ accounts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the group and hence for tak?ng reasonable steps for the prevention and detection of fraud and other irr¢gulariti¢s. -20- Hackeryoung (harteied *£coJntsrbts 6 Broadfield Court Broadfield Way Sheffield S8 OXF INDEPENDENf AUDITOR'S REPORT TO THE MEMBERS AND TRUSTEES OFMANOR AND CASTLE DEVELOPMENT TRUST LIMITED Opinion We have audited the financial statements of Manor and Castle Development Trust Limited ('the charitable company") for the year ended 31 March 2022 which comprise the consolidat¢d Statement of Financial Activities, the parent Statement of Financial Activities, the consolidated Balance Sheet, the parent Balance Sheet. the consolidated Statement of Cash Flows. the parent Statement of Cash Flows and notes to ihe financial statements. including a summary of significant accounting poli¢ies. Th¢ financial rep)rting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable ip7 ihe UK and Rept4blic oflreland (United Kingdom Generally Accepted Accounting Practice). Jn our opinion. th¢ financial staiements= give a tru¢ and fair view of the state of the group and the parent charitsble company's affairs as at 31 March 2022 and of its in¢ome and expenditure for the year then ended- have been properly prepared in accordance with United Kingdom Generally Ac¢epted Accounting Practice- have been prepared in accordance with th¢ ￿qUIreMents of the Companies Act 2006. Ba$is for opinion We conducted our audis in accordance with International Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibiliti¢s under those standards are further described in the Audiior's r¢sponsibiliCi¢s for the audit of the financial stat¢ments s¢¢tion of our r¢port. W¢ are ind¢p¢ndent of the charitable company in accordance with the ¢ihical requirements that are relevani to our audit of the financial ststement5 in the UK, including FRC'S Ethical Standard. and we have fulfilled our other ethical resN)nsibilities in accordance with these r¢quirem¢nts. W¢ b¢li¢v¢ that the audit evid¢nce we hav¢ obtained is suifici¢nt and appropriate to provide a basis for our opinion. Conclusions relating to going concern In auditing the fjnancial stat¢Jn¢nLS. we have concluded that the trustees. use of the goin8 concern basis of accounting in th¢ preparation of the financial statements is appropriate. Based on th¢ work we have performed. we have not identified any material uncertainties relating to events or conditions thaL individually or ¢ollectively, may c&st significant doubt on ihe charity's ability to continue a5 going ¢on¢em for a period of at least twelve months from when the financial statem¢nts are authorised for issue. Our responsibilities and the responsibilities of the t￿$(eeS with respect to going concern are described in the r¢levant sections of this report. Other inforniation The other infomaiion comprises the inforniation included in the annual rep)rt other than the financial 5tst¢ments and our auditor's report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements doe5 not cover the other inforn)ation and, except to the extent otherwise explicitly ststed in our reporL we do not express any forni of ￿uranCe conclusion ther¢on. 21 Hackeryoung Chart¢red Accoun¢ants ITIDEPENDENT AUDITOR'S REPORT TO THE MEMBERS AND TRUSTEES OF MANOR AND CASTLE DEVELOPMENT TRUST LIMITED (CONTINUED) Our r¢sponsibility is to read th¢ other inforn)xtion and, in doing so, consider whether the other inforniation IS materially inconsistent with th¢ financial statements or our knowledge obtained in the course of the audit, or oth¢Twise appears to be materially misstated. If we identify such material inconsistencies or appar¢nt wnat¢Tial misstatements, we are required to deterniine whether this gives rise to a material misstatement in the financial statemenis ihemselv¢s. If, based on the wotk we have perfom)ed, we conclude that there is a material misstatement of this other inforniation. we are required to report that fact. W¢ have nothing to report in this r¢gard. Opinions on other matteT5 preseribed by the Companies Act 2006 In our opinion, based on the work undertaken in th¢ course of the audit= the information given in ih¢ Trusiees R¢port (in¢orFx)raring the Strai¢gi¢ Report and the Dir¢ctors' Report for th¢ purposes of Gompany law) for the financial year for which the finan¢ial slalements are pr¢par¢d is consistent with the financial statements.. and the Trustees Report (incorw>rating th¢ Strategic Report and the Directors. R¢port) have b¢en prepar¢d in a¢¢ordanc¢ with appli¢able legal requirements. Matten on which we are required to report by ex¢eptffto In the light of the knowledge and und¢rstanding of the charitable company and its environment obtained in the course of the audit, we hav¢ not identified material misstatements in the Trustee5' Annual Report (including the Strategic Report)- We have nothing to rerx)rt in respeci of the following matters in relation to which the Companies Act 2006 requir¢s us to report to you if, in our opinion.. adequate accounting records have not been kept or retyms adequate for o(tr audit have not b¢en receiv¢d from branches not visited by us. or lh¢ finaneial statements are not in agreement with the accounting r¢¢ords and returns: or certain disc105ures of trustees, remuneration specifi¢d by law are not Made. or we have not obtained all the infom)ation and explanations necessary for the purposes of our audit. or Ihe trusiees were not entitled to prepare the financial stst¢ments in accordance with the small companies regime and take advantage of the small companies. exemptions in preparing the Trustees. Report and from the requirement io prepare a Strdtegic Rep)rt. Responsibillties of the trustees As explained rnore fully in the trustees. responsibilities statemenL the trus￿$, who are also ihe directors of the charitable company for the purpose of company law. responsible for the preparation of the financial statements arsd for being satisfi¢d that they give a true and fair view. and for such internal control as they detemine is necessary to enable the prepardtion of financial sth*m¢nts that are free from material misstatement. whether due lo frnud or error. In preparing the financial ststements, the trustees are responsible for assessing the charitable company's ability lo continue as a going concern, disclosing. as appli¢able, matters related to going Concern and using the going concern basis of accounting unl¢ss th¢ trustees either inlend to liquidate the charitable company or 10 cease operalions, or hav¢ not realistie alternative but to do so. 22- Hackeryoung CharteredAccountanis IM)EPENDENf AUDITOR'S REPORT TO THE MEMBERS AND TRUSTEES OF MANOR AND CASTLE DEVELOPMENT TRUST LIMITED (CONTINUED) Our responsibilities for ihe audit of the financial statements Our objective5 are to obtain reasonable assurance about wheiher the financial statements as a whole are free from wnaterial mis5tatemenL whether due to fraud or error. and to issue an auditor's report that includes our opinion. Reasonable assuranc¢ is a high level of a5suran¢e. but is not a guarantee that an audit conducted in a¢¢ordan¢e with ISAS (UK) will always delect a material misstatem¢nt when li exists. Misstatements Can arise from fraud or ¢rror and are con5id¢r¢d material if, individually or in the aggregate. they could re&sonably be expect¢d to influence the ¢conomic decisions of us¢rs iak¢n on the basis of these financial statements. Irregularities. including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibiliti¢s. outlined above. to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedure5 are ¢apable of d¢te¢ting irregularili¢s, including fraud, is d¢tail¢d below. Based on our underslanding of the charity and the sector in which it operntes. we identified the principal risk5 of non-¢ompliance with laws and regulations related to the acls by the chariry, whi¢h were contrary to applicabl¢ laws and regulatrons including fraud, and we ¢onsidered the extent to which fton-complTrance might have a material effect on the accounts. We also considered those law5 and regulations that have a direct impaci on the preparation of the a¢¢ountS 5u¢h as ih¢ Compani¢s Act 2006. W¢ evaluatrd management's incentives and opportunities for fraudulent manipulation of the accounts (including the risk of override of controls). and detrrniined that the principal risks were related to inflated revenue and the charity's net income for the year. Audit procedures included.. review of the accounts disclosures to underlying sUPPOrting documentation. review of correspondence with legal advisors. revi¢w of journals. testing of cut off. testing the leases wilh tenants in the subsidiary Companies, testing th¢ validity and compl¢teness of incom¢, review of the bad debt provisions, reviewing the valuations of investment properties. testing the validity of debtors and testing creditors. accruals and deferred income for understatement. Management were also questioned and minutes of m¢etings wer¢ reviewed. There are inherent limitations in the audit procedures described above and the further removed non-compliance with laws and regulations is from th¢ events and transactions r¢fl¢cl¢d in th¢ &c¢ounts. the less likely we would become aware of it. Also. the risk of nor detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error. as fraud may involve deliberate concealment by, for example, forgery or intentional misr¢pre5entaiions. or through Collusion. A further description of our responsibilitie5 for the audit of the financial sthtements is located on the Financial Reporting Council's website at www.frc.or -uklauditorsr¢s onsibiliti¢s. This description fomis part of our auditor's report. Use of our report This report is made sol¢ly to the charitabl¢ wmpany's member5. as a body. in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has b¢en und¢rtak¢n so that we might state to the charitable ompany's members those matters we are required io state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law. we do not accept or &ssume reswnsibtlity to anyone other than the charittble company's members as a tx)dy. for our audit worl for this reporL or for the opinions we hav¢ fornied. Rolgnd Giv4ns (Senior Ststutory Auditor) for and tsn behalf of UHY Hacker Young Chartered Aecountants Statutory Auditor Dated.. 30 November 2022 23- MANOR AND CASTLE DEVELOPMENT TRUST LIMITED CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME A]YD EXPENDITURE AccouNr FOR THE YEAR ENDED 31 MARCH 2022 UnrL8tricted Restricted Total funds funds 2022 Unrestricted Restricted Tot#l funds funds 2021 Notes Ineome from: Donations and legacies Charitable activities Other trading aciivities Investsnents 395,190 1.170.191 699.771 33 60.230 455.420 245.161 1.415,352 699.771 408,006 1.016,101 673.534 68.382 476,388 213.150 1.229,251 673,534 Total income 229877 305 1 26041 2 127 512 281532 2 409 044 enditure on: Raising fund5 Charitable aciivities 650,245 1 556 707 650,245 496 S36 2 053 243 563,647 1503 096 563,647 225 232 1728 32 Totsl resources expended 2 206 952 496 536 2 703 488 2 066 743 225 232 2 291975 Net ID¢omingl(outgoing) resources before transfers 91,820 (191.145) (99.325) 60.769 56.300 117,069 Gross transfers b¢tween fund5 Net movement in funds 101.01 I (200.336) (99,325) 60,769 56,300 117,069 Share of operating loss in joint venture 42 Net movement in funds for the group and its share of joint venture 54.702 {200.336) (145.634) 52.227 56.300 108,527 Fund balances at l April 2021 2 937 86 880013 3 817 882 2 885 642 823 713 3 709 355 Fund balances at 31 March 2022 The statement of financial activities also complies with ihe requirem¢nt5 for and income and expenditure account under the Companies Act 2006. 24- MANOR AND CASTLE DEVELOPMENf TRUST LIMITED PARENT STATEMENT OF FINANCIAL AcfIvITIES INCLUDING INCOME AND EXPENDrruRE ACCOUIYT FOR THE YEAR ENDED 31 MARCH 2022 Unrestricted Restricted Totsl funds funds 2022 Unrestricted Restricted Total funds rund5 2021 Notes In¢ome from: Donaiions and legacies Charitabl¢ activities Inveslments 395.190 1.328,401 113084 60.230 455,420 245.161 1,573.562 408.006 1.227,931 100 854 68.382 476.388 213,150 1,441,081 100854 Tot81 income 1836 675 305391 2142066 201 ExpeDditure on: Charitable activities 74 2393l4 LL778 1677 667 225 232 1902 899 Total resources expended 1742 778 1677 667 225 232 1902 899 Net irtcomingl(outgoing) resources before transfers 93.897 (191.145) (97.248) 59.124 56,300 15,424 Gross transfers between funds ￿1 Net movement in funds 103,088 (200.336) (97.248) 59.124 56.300 15.424 Fund balances at l April 2021 1381429 880013 22 322 305 823 713 2 146018 Fund balaneu al 31 March 2022 The statement of finarbcial aciivilies also complies with the requirements for and income and expenditure account under the Companies Act 2006. -25- MANOR AND CASTLE DEVELOPMENT TRUST LIMITED CONSOLIDATED BALANCE SHEET AS AT 31 MARCH 2022 2022 2021 Notes Fixed assets Tangibl¢ assets Inve51ment properties Invesiments Invesiments in joint venture: Share of gross assets Share of gross liabilities 13 14 15 981,607 3.751.482 1,008,080 3.766.065 895.340 801491 904,699 140 158 4.826.938 4.914.303 Current assets Sto¢k Debtor5 Cash at bank and in hand 537 99,468 516 66,647 1063 513 17 1,046,764 1,130.676 Creditors: amounts falling due withi one year 19 J71616 Net current a55ets 602218 759 060 Total assets less eurrent liabilities 5.429.156 5,673.363 Creditors: #mounts falling due after more than one year 20 90 1855 481 Net assets Income funds Restricted funds 22 679,677 880,013 Unrestricted funds Retained within the Charity Retained wiihin non-charitable subsidiaries 1,585,757 1226 265 1,390,051 1367 269 2.812.022 2.757,320 Revaluation reserve retsined within the charity 29 180549 180 549 2 937 869 -26- MANOR AND CASTLE DEVELOPME￿[ TRUST LIMITED CONSOLIDATED BALANCE SHEET (CONTINUED) AS AT 31 MARCH 2022 The ac¢ounts were approved by th¢ board of directors and authorised for issue on 14 November 2022 and are signed on its behalf by.. Y S Bramall Trustee Company Registration Iyo. 3427303 -27- MANOR Ar￿ CASTLE DEVELOPMEiYf TRUST LIMITED PARENT BALANCE SHEET AS AT 31 MARCH 2022 2022 2021 Notes Fixed assets Tangible assets Investment properties InvestTn¢nts 13 14 15 938,695 466,550 947,545 466.550 1.405.249 1.414.099 Current assets Debtors Cash at bank and in hand 17 740.098 816 188 826.223 770 494 1.556.286 1.596,717 Creditors: amounts falling due wiihin one year 19 148810 Net eurrent 4ssets 1447 907 Total assets less currettt ]i2bilities 2.764.758 2.862,006 Creditor5: amounts falling due after more than one year 20 600 564) Net assets Income funds Restricted funds Unrestricted fund5 Revaluation reserve Other charitable funds 22 679,677 880.013 29 180,549 1303 968 180,549 1484517 1381429 The accounts were approved by the board of directors and authorised for issue on 14 November 2022 and are signed on its behalf by.. Y S Bramall Trustee Company Registration No. 3427303 28- MANOR AND CASTLE DEVELOPMENT TRUST LIMITED CONSOLIDATED CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2022 2022 2021 Notes Cash flows from operating activities Cash (used inygenerated from operdtions 24 (3.948) 113,724 Investing 8¢tivities Pur¢has¢ of tangible fix¢d assets Purchase of investment property (14.867) (4.207) Net cash us¢d in investing activili¢s (14,867) (4,207) Finaneing activities Payment of obligations und¢r finan¢¢ le￿eS R¢p&ym¢nt of'loans (275) Net cash used ID finaD¢ing activities Net (decre#st)finerease in ¢2sh and equivglents (116.754) 61,153 Cash and cash equivalents at b¢ginning of year 1063 513 1002 360 Cash #rtd Cash equivalents at end of year -29- MANOR AND CASTLE DEVELOPMENT TRUST LIMITED PARENT CASH FLOW STATEMENr FOR THE YEAR ENDED 31 MARCH 2022 2022 2021 Notes Cash flow5 from operating activilies Cash absorbed by operation5 24 37.576 (39.577) Investing activities Purchase of tsngible fixed assets Interest received (6.460) (37) Net cash generated from invesling activities 8.118 13,989 Financing activities Paym¢nt of obligations under finance leases 275 Net cash used in fjnancing activities Net in¢Teasel(decrease) in cash and (Ash equivalents 45.694 (25,863) Cash and cash ¢quival¢nts at b¢ginning of year 770 494 796 357 Cash and cash equivalents at end of year 30- MANOR AND CASTLE DEVELOPMENf TRUST LIMITED NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2022 Accounting polieies Compxlly informatio Manor and Castle Development Trust Limited is a privaie company limited by guarantee. incorporated in England and Wales. The registered office is Norfolk House. Stafford LAne. Sheffield. South Yorkshire. S2 SHR. 1.1 Accounting ¢onvention The financial statements hav¢ b¢¢n prep#r¢d in acwrdanr¢ with the ¢harity's Memordndum and Articles of Association, Ihe CoTnpanies Act 2006 and 'Accounting and reporting by Charities: Statement of Recommended Praciice applicable to charities preparing their accounts in accordance with the Financial R¢portin8 Standard appli¢able in the UK and Republic of Ireland (FRS 102) (eff¢ctive l January 2019)" The charity is a Public Benefit Entity defined by FRS 102. The group accounts comprise the accounts of th¢ ¢haritable company and its subsidiaries made up to th¢ ¢nd of the financial year. The accounts have been consolidated on a line by line b&sis as recommended by the Sthtemeni of Recommended Practice.,A￿o￿ntlftg and Reporting by Charities" The account5 are prepared in sterling. which is the fvn¢tional currency of the charitable company. Monetsry amounts in these financial statements ar¢ rounded to the nearest £. The accounts have been prepared on the historical ¢ost convention. modified to include the revaluation of freehold properties ar]d to in¢lude inv¢stm¢nt properties and certain financial instruments at fair value. The principal accounting policies adopted are Set out E¢low. 1.2 Going concerll At the time of approving the accounts, the trustees have a re￿Onable expectation that the group has adequate resources to continue in operational exislence for the foreseeable future. In making that ass¢ssmenl, the trust¢¢s hav¢ sp¢¢ifically considered the impact of the ¢oronavirus on the operation of the charitable company. alongside actions iaken to mitigate that impact. Thus the trustees continue to adopt the going concern basis of accounting in preparing the accounts. IJ Charitable funds Unrestricted funds ar¢ available for use at the discretion of the trust¢e5 in fvrtherance of their charitable objectives unless the funds have been designated for other purposes. Restricted fund5 are subject to sFcific conditions by donors as to how th¢y may b¢ used. The purposes and uses of the restriGied funds are set out in the notes to the a¢¢ounts. 1.4 Incoming resources In¢ome is recogniscd when the group is legally entitled to it after any performance conditions have been meL the amounts ¢an be me&sured reliably. and it is probable that income will be ￿e1ved. Cash donations are recognised on receipt. Other donations are recognised once the charithbl¢ company ha5 been notified of the donation, unless perfomance conditions require deferral of lh¢ amount. Income tax recoverable in relation to donations r¢¢eived under Gift Aid or deeds of covenant is recognised at the time of the donation. Grants are recognised in fvll in the Statement of Financial Activities in the year in which they are receivable. 31 MANOR AND CASTLE DEVELOPMENT TRUST LIMITED NOTES TO THE ACCOUNrs (coNrINUED) FOR THE YEAR ENDED 31 MARCH 2022 Accounting policies (continued) L¢ga¢i¢5 ar¢ r¢¢ognised on r¢ceipt or otherwise if the group h&$ b¢¢n notified of an impending distribution, the amount is known. and receipi is expected. If the amount is not known. the legacy is treated as a ¢onting¢nt asset. Tumover is measured al th¢ fair value of the ¢onsiderntion rec¢iv¢d or receivable and represents amounts receivable for g(K)ds and services provided in the normal cours¢ of bu5in¢ss, net of discounts. VA T and other sales related taxes. 1.5 Resources expended Resources expended are recognised in the year in which they are incurred. Costs of generating funds includes those costs incurred by the group during its activities for generating voluntary income. Charitsble aciivitie5 comprises thos¢ ¢05ts incurred by the group in the delivery of its activities and services for its beneficiaries. It includes grants made to proj¢cts and individuals. ¢osts that ¢an b¢ allocat¢d directly to such activities and those costs of an indirect nature necessary to supwrt them. Grant ¢xp¢nditure payable to projects is included based on the date that individual proj¢cts' expenditure has been incurred. rniher than the date that the grants are defrayed to the projects. Gov¢man¢¢ costs include those costs associated with meeiing th¢ wnstitutional and stalutory requirements of th¢ group and include ihe audit fees and costs linked to the strategic managernent of th¢ group. All cosis are allocated between the expenditure categories in the Statement of Financial Activities a basis desi8n¢d to r¢flect th¢ use of the resour¢¢. and in¢lud¢ irrecoverdble VA T. 1.6 Tangible fixed assets 2nd depreciation Tangibl¢ fix¢d assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any iTnpaimi¢nt losses. Depreciation is recognised so as to write off the ¢ost or valuation of ￿ets less their residual values over their useful lives on the following bases: Freehold land is not depreciated Freehold buildings L¢as¢hold property Pl&nt and machin¢ry Fixtures. fittings and equipment Computers and office equipment Motor vehicles Straight line over 50 years Straight line over 2 to 50 years .33.330/0 Straight line 15Q/o or 33.33 /• straight line 33.330/ty reducing balance 250/0 r¢ducing balance The gain or loss arising on the disposal of an wet is determin￿ as the difference between the sale proceeds and the carrying value of th¢ asse¢ and 15 recognised in net incomel(expenditure) for th¢ year. 32- MANOR AND CASTLE DEVELOPMENT TRUST LIMITED NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Aeeounting policies (Continued) 1.7 Investment prop¢rties Investment property, which is property held to earn rentals an(Vor for Capital appreciation. is measured using th¢ fair value model and sthted ai its fair value as the reporting end date. The surplus or deficii on revaluation is recognised in net in¢omel(¢xpenditure) for th¢ year. 1.8 Fixed asset investments Fix¢d asset investments are initially M￿Sured at transaction pric¢ ¢xcludin8 transa¢tion ¢osts. and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net in¢omel(expenditure) for the year. Transa¢tion costs are expensed as incurred. A subsidiary is an entity controlled by the group. Control is the power to govern the financial and operating policies of the entity so as to obtain ixn¢fits from its a¢livities. 1.9 1mp#iment of fixed assets At each re￿rting end dale. the gn)up reviews the carrying amounts of its tangible and intangible assets to deterniine whether there is any indication that those ass¢ts have suffered an impairwnent loss. If any such indication exisrs, the ffcov¢rable amount of the asset is estimated in order to deterniine the extent of the impaimient loss (if any)- R¢¢overabl¢ amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted ro Eheir pr¢sent value using a pre-tax discount rate that reflects current market ass¢ssmetits of the time value of money and thc risks specific to the asset for which the estimates of future c&8h flows hav¢ not been adjusted. If ihe recoverable amount of an asset is estimated to be less than its carrying amounL the carrying amount of the &sset 15 reduced to its r¢¢overable omount. An impairnient loss is recognised immediately in incomel(expenditur¢) for the year. unless the relevant asset is carri¢d at a revalued amount. in which ¢ase the impaimient loss is trealed as a revaluation decreas¢. Recognised iTt]paimient losses are reversed if, and only if. the reasons for the impairn)ent loss have ¢eased to apply. Where an impairnient loss subsequently revetses. the catrying amount of the a55¢t 15 increased to the revised esti[n￿¢ of its recoverable amount. but so that the increased Carrying amouni does not exceed the carrying amount thal would have been deterniined had no impairn)ent loss been recognised for the asset in prior years. A reversal of an impainnent loss is recognised immediately. unless the relcvant asset is catri¢d in al a revalued amovnL in whirh case ihe reversal of the impairment loss is treated as a revaluation increase. 1.10 Cash and cash equiv¥41ents Cash and cash equivalents includ¢ cosh in hand. dewsits held at call with banks, other short-ierni liquid investments with original maturities of three months or less. and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 1.11 Financial instruments The group has elected to apply the provisions of Section I I 'Basi¢ Financial Instruments, and Section 12 'Other Financial Instruments Kssu¢s' of FRS 102 to all of its finan¢ial inst￿ments. Financial instruments are recognised when ihe group becomes party to the Contractual provisions of th¢ instrument. 33- MANOR AND CASTLE DEVELOPMENf TRUST LIMITED NOTES TO THE AccoifNTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 AccO￿ntIng policies {continued) Financial assets are offset. with th¢ net amounts presented in the ￿￿Ounts wh¢n there is a legally enforceable right to set off the recognised amounts and there is an inlention to settle on o net basis or io realise rhe asset and settle the liability simultaneously. BASIC financial assets Basic financial assets, which include trade and other ￿¢¢IVable$ and cash and bank balances. are initially m¢asured at Iransa¢iion price including transaction costs and are subsequently carried at amortis¢d cost using the effective interest method unless the arrdngetnent constitutes a financing transaction, where the transaclion SS Tn¢&sured at the pr¢s¢ni value of th¢ future rec¢ipts dis¢ounted at a matk¢t rate of interest. Finan¢ial &ss¢ls classified as receivable within one year are not amortised. Other financi#l assets Oih¢r financial assets, including inveslments in equity instruments which are not subsidiaries, assoc5ates or joint venture5. are initially measured at fair value. which is nomially the transaction pri¢¢. Such ass¢ts are subsequently ¢arri¢d at fair value and the changes in fair value are re¢ognis¢d in net incom¢l(expenditure), ex¢ept that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured al Cost less impaimient. Impairment of financial assets Financial assets. oih¢r than thos¢ held at fair value through iT]come and expenditure, are assessed for indicators of impairnient at each reporting date. Financial assets are impaired where there 15 objectiv¢ evidence thaL as a resuli of on¢ or more events thai occurred afterthe initial recognition of the finan¢i&l asseL the eslimafed futur¢ ¢ash flows have been affected. If an asset is impair¢d. the impaim)ent Ioss 15 the difftrence between the ¢Arrying amount and the present value of the estimated cash flows discounted at the asset's original eff¢clive interest rate. The impairment loss is recognised in net inc0m¢l(¢xp¢ndilu￿) for the year. If there is a decrease in the impairment loss artsing from an evenl occu￿]ng after the impaimient was recognised. the impaimietbl is reversed. The reversal is such that the Current ¢arrying amount does not exceed what the Carrying amount would have been, had the impainnent not previously been re¢ognis¢d. Th¢ impairn]¢nt reversal is recognised in nei incomel(expenditure) for the year. Derecognition of fittan¢ial assets Financial assets are der¢cognis¢d only when the ¢ontractual rights to the cash flows from the asset expire or are Settled. or when ihe group transfers the financial asset and substantially all the risks and rewards of ownership to another ¢ntity. or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its enlirety io an unrelated third party- Basic financial liabilitie5 Basic financial liabilities. including trade and other payables, are initially recognised at transa¢tion pri¢e unless the arrangement constitutes a financing iransaction. where the d¢bi instrument is measured at th¢ present value of the future receipts discounted at a mark¢t rare of interest. Financial liabilities classifled Ls payable within one year are not amortised. Debt instrumenis are subsequently ca]Tied at amortised cost. using the.effective interest rnt¢ m¢thod. 34- MANOR AND CASTLE DEVELOPMENT TRUST LIMITED NOTES TO THE AccouNfs (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 A¢¢ounting policies (contittued) Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of op¢ralions froTll suppliers. A¢counts payabl¢ are classified a5 current liabilitie5 if payment is due within one year or less. If not. they are presented as non-current liabilities. Trade payables are ffcognised initially at Iransaciion price and subsequenily measured at amortised cosi using the effective interest melhod. Other financial liabilities Derivatives. including interest rate Swaps and forward foreign exchange ¢ontracts. are not basic financial instruyn¢nls. D¢rivativ¢s are initi#lly r¢cognis¢d at fair valu¢ on the date a derivativ¢ ¢ontra¢t is eniered into and are subsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in finance costs or finance income as appropria*. unless hedge accounting is applied and the hedge is a cash flow h¢dg¢. Derecognition of financial liabilities Financial liabilities ar¢ derecognised when the group's contTactual obligations expire or are discharged or cancelled. 1.12 Employee bettefits The CO￿ of any unused holiday entiilemeni is not r￿OgnIsed in the period, but is recognised when the holiday entitlement has been taken. Terniination benefits are recognised immediately as an expense when the group is demonstrably Committed to teminate ihe employment of an employee or to provide termination benefits. 1.13 Retirement benefits Payments to defined contribution rett￿ment IKnefit schemes ore ch#r8¢d as an expense as they fall du¢. 1.14 Leases Leases are classified as finance leases when¢ver th¢ t¢rnis of the l¢as¢ transfer substantially all the risks and rewards of ownership to the l¢ss¢es. All oth¢r le&ses are clwified as operating leases. Assets held under finance leases are recognised as assets at the low¢r of the ￿Set'S fair value at the date of inc¢ption and the present value of ih¢ minimum lease payments. The related liability is in¢luded in the balan¢e sheet as a fknance lease obligaiion. Lease payments are treated as consisting of capital and interest element5. The interest is charged to net incomel(¢xpenditure) for the year so as to produce a constsnt p¢riodic rate of interest on the remaining balance of the liability. Criti¢al.accounting estim8tes Ind judgements In the application of the group's accounting policies. the trustees are required Éo make judgements, estimates and assumptions aFM)vt the canying amount of assets and liabiliti¢s that are not readily apparent from other sources. The ¢stimates and associated ￿uMptIOnS are based on historical experience and other factors that are considered to be relevant. A¢￿al results may differ from these estimates. The estimates and underlying assumptions are review¢d on an ongoing basis. Revisions to accounting estimates are recognised in the p¢riod in which the estimate is revised where the revision affects only that period, or in ihe period of the revision and future period5 where the r¢vision affccts both Current and fvture periods. There are no judg¢ments or estimate5 which have a significant risk of causing a mafrrial adjustment lo the carrying amount of assets and liabilities. 35- MANOR AND CASTLE DEVELOPMENT TRUST LtMtrED PIOTES TO THE ACCOUIUS (cofuiNUED) VOR THE YEAR ENDED31 MARCH 2022 DtsllatiOJLg and i¢g*¢it5 Crn*p UArtstWi¢tsd ReMrid¢d Totsl fwwds ru•ds 2012 Unrt¥tri¢r¢d Re5tTrct¢d Tot41 fvDds Donaiions and sifts Gr4nts r￿e1vable foTcort &etiVities 1,773 1.773 6,006 39 402 DoD*tions alld gift* Otherdonations CraDt5 rtteivAbl¢ for (ore ActivitiE¥ Coronaviru5 JDb retention 5theme incorne 0thernon.ptrf0ttn￿CCI￿Jattd 6,665 6.665 446 72.083 72,083 MANOR AND CASTLE DEVELOPMENf TRUST LIMITED NOTES TO THE ACCOVKTS (COTr¥TINUED) FOR THE YEAR ENDED 31 MARCH Z022 Comp*y U•rutricttd Rtstii¢ted Totsl Unrestricted RestYi¢ted Totsi f￿NdS 2021 2022 Donationsand gift Grnnts r￿e1vable for cor¢ rKtiviii 1.773 30 453 647 6,006 6.006 470 68 382 ￿82 393417 DfyDAtionS #i OthtrdotsAtiOnS Gn)nl& rtteivabl¢ for ¢or¢ g¢tivjti Coronavirusiob ret2ntion 5cherne Incotne l)ther non- 6,665 6.665 446 982 71083 72.083 -37- MANOR AND CASTLE DEVELOPMENT TRUST LIMITED IYOTES TO THE ACCOUNTS (CONTIIYUED) FOR THE YEAR ENDED 31 MARCH 2022 Charitable activities Group Company 2022 2021 2022 2021 Sales within charitable activiiies S¢rvi¢es provided under contract P¢rfomiance related grants Property rental from charitsbl¢ objects Other propcrty income 460,S82 784.877 156.839 10,072 613.060 464,028 133,317 17.317 529 618.792 784.877 156.839 10,072 824,890 464,028 133.317 17.317 529 Analysis by fund Unrestricted fund5 Restri¢t¢d funds 1.170,191 245 1,016.101 1,328.401 245 161 1.227.931 213 150 Performance related grants Sheffield City Council- Work Club Keyworker project 1,400 131917 1.400 1319l7 156 839 156839 Other trading octivities Group Company 2021 2022 2021 2022 Income generat¢d by subsidiaries 699771 673 534 All other trading activities are unrestricted. 38- MANOR AND CASTLE DEVELOPME￿ TRUST LIMrrED r40TES TO THE ACCOVNTS ICONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 l#veJtmtJbts Group 2022 2•21 2022 Ktntsl ineomeon inwe5tsment pryrties Ineome from unlisted iDve51meD Iniere51 r¢ceiv?ble frDm su115idiarits OtheT intetestrteeivable 33.620 29.871 33.620 14.578 29,871 14.026 56.957 All invesknent income 15 unre*rittcd. R4ksiDE fund¥ Croup Toi*l 2022 Sthff Depreeiatio d fAir value gaill5 Oiher Tolal 2021 £oJts alld fair Co515 IncurrEd by 5ub5idiariES 27 All w5ts foTTaisingfvnds art urtyestricted aTrJ thu¢ ThDSLKbw5L5 ind*¢￿￿ny. -39- MAIYOR AIYD CASTLE DEVELOPMEiYf TRUST LIMITED NOTES TO THE AccouNfs (CONTINUED) FOR THE YEAR ENDED 31 hlARCH 2022 Charitable activities Group Company 2022 2021 2022 2021 Staff costs Depreciaiion and impaimient Regeneration project costs BEST costs Signposl costs Surc Start costs Other project costs Pr¢mises costs Travelling costs Administrntion ¢osts Bad and doubtful debts Legal and professional fees 1250.620 15,310 534.608 26.422 1.244,122 14,478 261.426 20,146 1,394,997 1,398,181 15,310 14,478 534.608 261.426 26,422 20,146 58.140 49.298 61,507 3.740 14.277 (1,465) 49.013 45,803 15.057 3.089 30,942 397 58,140 49,013 49,298 46.043 79,589 32.703 3.740 3.089 37.889 33.568 (1,465) 397 29 686 ￿155 2.042,143 1.707.628 2.228,214 1.882.199 Grant funding of a¢liviti¢s (s¢¢ note 9) Share of governance costs (see note l O) i 0,000 i 0.000 Analysis by fund Unrestricted funds Restricted funds ,556.707 496 536 1.503.096 225 232 1.742,778 1,677.667 496 536 225 232 Governance costs includes amovnts payable to the auditors of£4.400 (2021.. £4.200) for audit fees and £6,700 (2021.. £6,500) for other servi¢¢s. The cost of raising funds in¢ludes payments to the auditors of £5,000 (2021.. £5,000) for audii fees and £2.850 {2021: £2,650) for other services. Grants payablt Group Company 2022 2021 2022 2021 EstatelProperty Managemenl Grants to institutions (I grdnt)= The Green E51ate Community Interest Company -40- MANOR AND CASTLE DEVELOPMENf TRUST LIMITED NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 10 Governgnce costs Group Company 2022 2021 2022 2021 Audit and accounta￿Y f¢es Analysed between charitable aciivities 11 Trustee5 None of the trustee5 {or any persons conn¢¢t¢d with th¢m) r¢ceived any remuneration during the year, and none of them were reimburscd any exFnses. 12 Employees Number of employees The average Tnonthly number of ¢mployees during the year was: Group 2021 Number Company 2021 Number 2022 Number 2022 Number Regeneration and administraiive staff Executive Manag¢ment Trustees Generation of funds by subsidiaries 68 69 68 69 io 10 Employment Costs Group Company 2021 2022 2021 2022 Wages and salari¢s Social security costs Oth¢r pension costs 1.113.167 1.109.827 78.900 74.527 .257.544 78.900 1,263,886 74,527 There were no employees whose annual remuneration w&s £60.0(M) or more (2021.. none) 41 MANOR AND CASTLE DEVELOPMENT TRUST LIMITED IYOTES TO THE Accouwfs (CONTI]WED) FOR THE YEAR ENDED 31 MARCH 2022 13 Tangible fixed ￿$¢t5 Freehold land and buildings Long le9sehold buildings Fixlures. rjttings and equipment Total Group Cost or valuation At l April 2021 Additions Disposals 400.000 812,437 385.737 14,867 .598,174 14,867 At 31 March 2022 Depreciation and imp2irnieDt At l April 2021 Charge for the year Disposals 268,026 12.329 322,068 29.011 590.094 41,340 At 31 March 2022 Carrying amount At 31 March 2022 At 31 March 2021 At 31 March 2022, had the revalued freehold land and buildings assets been ¢arried 01 historic cost less accumulated deprecikiton and accumulated impaimieni losses. their catrying amount would have been approximately £426.920 (2021.. £426.920). The freehold land and buildings were valued externally by Hale Saunder5 Chartered Surveyors. on an open mark¢t basis. The property was valu¢d in kptember 2010. and had a valuation of £400,000. -42- MANOR AND CASTLE DEVELOPMENT TRUST LIMITED NOTES TO THE ACCOUNTS (CONfINUED) FOR THE YEAR ENDED 31 MARCH 2022 13 T2ngible fixed a￿ets (eontinued) Freehold Long land 2nd leasehold Fixtures and o￿lee buildings buildings fittings equipment Total Company Cost or valua¢ioD Ai l April 2021 Additions 400.000 812.437 10.631 7.656 1.230.724 At 31 March 2022 Depreciation and impairment At l April 2021 Charge for the year 268.026 8,053 7,100 556 283.179 At 31 March 2022 Carrying amount At 31 March 2022 At 31 March 2021 44 At 31 March 2022, had th¢ r¢valued freehold land and buildings assets been Ca￿led at historic ¢ost less accumulated depreciation and a¢¢umulated impairnient losses. their carrying amount would have been approximaiely £426.920 (2021: £426,920). The freehold land and buildings wer¢ valued exlernally by Hale Saunders Charte￿d Sutveyors. on an open market basis. Th¢ property was valued in September 2010. and had a valuation of £400,000. 43- MANOR AND CASTLE DEVELOPMENT TRUST LIMITED NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 14 Investment property Group tnvestment properties Company iftveslmeat properties Fair value At l April 2021 Fair valu¢ gain5 and 10s5e5 on investment propertie5 3.766.065 466.550 Mgrket value at 31 March 2022 The investment properties held to provide an investhient return for the group and are held in the UK. The valuations of the investment properties in Manor and Castle tkvelopm¢nt Tn]st Limited were made in April 2010 externally by Hal¢ Saund¢rs Chart¢red Surveyors. on an open market ba515. Additions since then have been included at cost. The valuation of th¢ investment property in Parkway Business Centre Limited was mad¢ in June 2015 externally by Scanlans Consultant Surveyors LLP. on an open markei basis. The valuation of the inv¢sknent properties in Managing Locally Limited were based on independent valuations. A professional valuation on some of th¢ company's investment properties were made in November 2018 externally by Mark Bennett Associates Limited. Chartered Surveyors, on an open market basis. This valued the investment properties aT £720.OfM). The remaining investment property has been valued on the basis of a valuation made in June 2010 exlernally by Hale Saunders Chartered Surveyors, on an open market basis. This valued the remaining investment property at £20.(KIO. The dir¢¢tors review all valuations on an annual basis and consider any significant Changes in the valuations of the properties. based on the nature and location of the properties and the underlying renthls ¢har8ed. Yorkshire Forward hav¢ a ¢harg¢ over the investment property in Parkway Business Centre Limited in respect of any grant income that becomes repayable by that company. The original amount of the Yorkshire Forward grant was £2.600,000. -44- MANOR AIYD CASTLE DEVELOPMEiYf TRUST LIMITED NOTES TO THE ACCOUNTS (coNfINUED) FOR THE YEAR ENDED 31 MARCH 2022 15 Fixed assets investments Group CompaDy 2022 2021 2022 2021 Investment in subsidiaries Holdings ofmore than 10 /• The charitable company holds more than l OY• of the share capitsvvoting rights of the following companies.. Company Shares held Company number Class Subsidiary uttdertakings Parkway Business Centre Limiied Managing Locally Limit¢d 04617006 04115551 Ordinary Ordinary 100 100 Joint venture The Green Estate Community Interest Company 04801730 Voting rights 33 The aggregate amount of capital and reserves and th¢ results of these und¢rtakings for the last relevant financial year were as follows.. Principal *¢livities Capital and ReseTve$ (Loss) I Profit for the year Parkway Business Centre Limited Property management Managing Locally Limited R¢8eneration consultancy The Gr¢¢n Esrate Community Greenspace maintenan¢¢ and Interest Company regeneration 634.831 309,376 (2,077) 64,886 281.547 (138.927) All subsidiaries ar¢ included in these consolidated accounts. which are operated to generate funds for the Charity. The figures stated abov¢ for The Green Esthtr Community Interest Company are those for year ended 31 December 2021. -45- MANOR AND CASTLE DEVELOPMEiYf TRUST LIMITED NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 15 Fixed assets ittve$tments (eontinued) The results of the charitabl¢ company's subsidiaries for th¢ y¢ar ended 31 March 2022 are summarised as.. P•rkway Business Centre Limited Managing Locglly Limited Turnover Cost of sales Administrative expenses 659.400 (130.458) 82.065 Op¢ratin8 profit 63,595 64,886 Fair value gains and losses on investtnent prop¢rties Interest receivable Interest payable (14.583) (Loss)IProfit before laxaiion (2,077) 64,886 Taxation (Loss)IProfit after t&xation Aggregate assets Aggregate liabilities 2.684.335 816.782 507 406) Aggregate funds Tax losses available to carry forward against fvture trading profits and non Irading loan relationship surpluses 31 March 2022 31 March 2021 -46- MANOR AND CASTLE DEVELOPMENT TRUST LIMITED NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 15 Fixed assets investments (contlDued) The charitable company's share of its joint ventures for the year ended 31 December 2021 is summarised as.. The Green Estate Community Interest Company Tumover C05t of sales 1.643,264 Gross profit 60,798 Administrative expenses Other operating income (739.751) 511 121 Operating loss (167,832) Interest receivable Jnteresi payable Loss before laxation (169,927) Taxation Loss after taxation Fixed assets Current &ssets 2.066,919 619 102 Aggregate assets Liabilities due under one year Liabilities due over one year (359.905) (2 044 569 Aggregate liabilities Profit and loss account The principal place of business for the charitsble company's joint ventu￿, The Green Estat¢ Community Inlere5t Company, is Manor Oaks Farnihouse, 389 Manor Lane, ShetTield S2 IUH. -47- MANOR AIYD CASTLE DEVELOPMENT TRUST LIMITED NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 16 Financial instruments Group 2021 Company 2021 2022 2022 C#rrying amount of finaD¢121 assets Debt instruments m¢&sured at amortlsed cost Equity instruments measured at cost le55 impairment 1.032.129 1.107.386 .551.313 1.587.700 Carrying •moynt of finaneial liabilities Measured at amortis¢d cost 17 Debtors Group Comp*ny 2022 2021 2022 2021 Trade debtor5 Amounts owed by group undertaking5 Other debtors Prepayments and accrued income 65.850 39,229 33,345 682,797 18,983 34,511 778.567 4,128 18,983 4.128 Amounts owed by group undertakings includ¢ aloon to a trdding subsidiary of £667,500 (including interest) (2021.. £667.500)- Interest is payable on any balance outstanding at the end of the year at 30/0 above base rat¢ and there are no fixed repayment r¢rn)s. -48- MANOR AND CASTLE DEVELOPMEiYf TRUST LIMITED NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 18 Fin*nee lease commitments Future minimum leas¢ payments due under finance Iwes". Group CoJnp*ny 2022 2022 2021 2021 Within one year Within two and five years 19 Creditors: amounts falling due within one year Group 2022 Company 2022 2021 2021 Bank loans and overdrafts Trade creditors Amounts owed to group und¢rtakings Oiher taxes and social security costs Other ¢r¢diiors Accruals and d¢ferr¢d income 98.826 62.502 98.192 27,933 26.413 11,695 19,289 131.065 132864 12.786 124,366 108 339 2.007 79,169 9.656 83.479 In¢luded in other creditors is £60,000 owed to Sheffield City Council (2021.. £60.000). Sheffield City Council has a charge over the land and buildings of Managing Locally Limited. a subsidiary company of the Charity. in respect of money ow¢d to the council by the Manor and Castle Development Trust group- The bank loan is se¢U￿d by a fixed and floating charge overthe property of Parkway Business Centre Limited. valued at £2.601 m. -49- MANOR AND CASTLE DEVELOPMENT TRUST LIMITED NOTES TO THE Accouwfs (CONTINUED) FOR THE YEAR EI¥DED 31 MARCH 2022 20 Creditors: amovnts falling due #fter more than one ye*r Group Comp#ny 2021 2022 2021 2022 Bank loans and overdrafts Other creditors 963.969 792 939 .062,542 792 939 600 564 Analysis of loan5 Not wholly repayable within five years by instalmenls Wholly repayable within five years 528.398 534 397 636.915 523 819 1.062.795 .160.734 Included in current liabilities In5talments not due within five yeaTS The bank loan is secured by a fixed and floating Charge over the property of Parkway Business Centre Limited. The other creditor is secured by a charge over the land owned by Parkway Business Centre Limited. The value of the property and land in Parkway Business Centre Limited is £2.601 m. Included in other Creditors is £600.$64 owed to Sheffield City COU￿11 (2021.. £600,564). Sheffield City Council has a chaTg¢ over the land and buildings of Managing Lo¢ally Limited. a subsidiary company of th¢ ¢harity, in respect of money owed to the ¢ouncil by the Manor and Castle Developmeni Trust group. 21 Retirement benefit schemes Defitsed eontribution The group operate5 a defined contribution pension sch¢me for all qualifying employees. The assets of the Scheme are held separately from those of ihe group in an independently administered fund. Group Company 2022 2021 2022 2021 Contributions payable for the year 50- MANOR AND CASTLE DEVELOPMEfv7 TRusf LINIITED NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED JI MARCH 2022 22 Reytrkted fNnds Th¢ incornt funds of thtwup Incl￿ rtstricttd CL¥nrXisi￿the fo1h)wi￿gW￿￿￿￿￿t￿SQf thMtiDTrS and y3Dtsh¢ld on forsprcifir w[PQ5￿.. B*l*DcE it ReSOurt BxLqDcE #t Tr*osftr$ 31 Mar¢b 2021 r¢sourtt5 ext*Dded TrA•sfers 31 MAr¢b 2022 l April 21120 Sure Sthrt Inre8raTed Develo￿¢￿ P Yorkshire ForwArd Steel Inn Land Aid (hher rtBenerntiort grnnt5 362,441b 65.645 351.780 65,645 110,6601 65,645 107,034 106246 28 305 241 092 ￿91 The Holiday Hungerprojecl 15 fvntsj byth¢coU￿il tod1#n￿198rouPs￿ho rrttxtiyitie5*thIfth￿ iAthcscknl holidays. Thcprojett is tobentfitchildr who g¢1 free school meals who might￿￿￿15¢ gohunBry d￿ngthCh0lthys. The W￿￿thorpE and wY￿￿rn Sure Swi wojryi providE5Early yeat5chi1&AfEa￿d ￿￿trUe￿4￿j suppyt Services. All incorne exK*nditure relaiing to th15 proje£t 15 Shown in the SutE S￿rt￿strIct*d fund. MCDT 15 Accountrbl¢ Wy f¢rtheCoal and Stttl Atea5 Dewewemt pkn￿a£42 rni11t￿ sctheme predomitwitly fUnd￿j byobjxtive l Yorkshire Forward regenetatin8are3sofSouth YorkshirE 1rnp￿d detrirne*tslly bythe0￿￿%tofthec0￿ aNist¢¢l I￿￿5￿¢5. All irKome and¢xpendiwr¢rellltin8to this projett shown in the ltttepated DeVelo[￿ent Plan resrrictt4J fimd. The Yotkshirt F(wward funding telatts 10 the pt(Ketds of the sate of Harw AveD¥ an asset oli￿rAi￿ fimdrAI by an SRB 5chEme. The fund will ￿ vswj to ¢n5ure comtnunity ￿nefIt by fukdins further deveknpment ofthe Manorarea Th¢ Land Aid funding is to assist With uppadim8the Steel Inrt property aNI its garth. MCDT a¢ts a proieci wnsor for a vari¢ty of proittts fU￿l by ¥￿IfIC tEStriud ￿ funding. eXp￿dilurE trtating to Su¢h projccts are sknwn a5 otheryegenemion grants. SuffKKni rc50urces ar¢ bBld in an appropriate fund to ￿applied iThx¢ordarte With itsrtstriciions. MANOR AND CASTLE DEVELOPMENT TRUST LIMITED NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 23 Anglysis of net #58ets behveen funds Group Restricted fund5 Unrestricted fullds Toigl Fund balances at 31 Mwch 2022 ar¢ represented by.. Tangible assets InvestJnent properties Shar¢ of joint venture gross assetsl(liabilities) Current assets/{liabilitie5) Long term liabilities 640,487 3.751.482 93.849 263,661 1756 908) 341,120 981,607 3,751.482 93,849 602.218 1756 908 338,557 Comp*tty Restricted funds UDrestrieted funds Total Fund balances at 31 March 2022 ar¢ r¢presented by.. Tangible fixed assets Investment properties Investments Currenf assetsl(liabiliti¢s) Long t¢mi liabilities 597,575 466,550 341.120 938.695 466,550 I.Q20.952 338.557 1,359,509 52 MANOR AND CASTLE DEVELOPMENT TRUST LIMITED NOTES TO THE ACCOUNTS (CONTIfwED) FOR THE YEAR ENDED 31 MARCH 2022 24 Cash generated from operntions Group Company 2022 2021 2022 2021 Re¢on¢iliation to changes in resources (Deficitysurplus for the year {145.634) 108,527 (97.248) 115.424 AdjustmeDts for: Investment income recognised in surplus or deficit D¢preciation and impairment of fixed assets Share of joint venture loss (14.578) 15.310 {14.026) 14.478 55.923 46,309 56,329 8.542 Movements in working ¢apital: (Increas¢yDecrease in stock (Increase}/Decr¢ase in debtors Increasel(De¢rease) in ¢reditors (21) (32.821) 1,504 61.320 122498 86.125 {44,984) 110469) C¥sh (absorbed by)Igenernted from operations 25 Finan¢ial commitments? guarnn¢ees and ¢otttingent liabilities The parent charity was the recipient of an ERDF grant of £3.218.036 that fuDd¢d the conslru¢tion of 'The Quadrant., the prestige offi¢¢ ¢ompl¢x owned and operated by Parkway Business Centre Limited. Under the tem)s and conditions of this grant any clawback liability arising from & default in the grant conditions by Parkway Business Centre Limited would remain with MCDT and not Parkway Business Centre Limited. The trustees consider that inv￿￿tion of such a ¢lawback with MCDT is remote. The parent charity acted as the Accountable Body for the Coal and Steel Areas Integrated Development Plan. Through this plan MCDT had ¢hannelled £9.9 million of Single Pot funding and £21.6 million of European ERDF fundin8 into over 40 re8eneration projects by the compl¢tion of th¢ plan in December 2008. MCDT undertook a rigorous program of monitoring to ensure ihat all such regeneration projects delivered in accordance with contractual iernis. However. if a project is subsequently found not to have ¢omplied wilh the contractual t¢mis then ¢lawba¢k may b¢ invoked under European guidance. If the proje¢t is unable to re- pay the clawback and MCDT can be shown lo have been n¢8ligent then contractually MCDT may become liable to re-pay the clawback. The trustees of MCDT do not consider that ihey have been negligent in any material way in ￿SpeCt to any of these contracts. No ¢lawback claims currently exist against MCDT. The amount of any such future poteniial claims cannot be reliably e￿]mated. 26 Posl balance shee¢ events As referred to in ihe going ￿ncern section of the accounting ￿liCi¢S. the trustee5 are monitoring th¢ situation concerning the coronavirus and any impact it may have on the charitable company. Given the current un¢ertainties. any longer t¢rn] financial effect cannot be estimated. 53- MANOR AND CASTLE DEVELOPMENT TRUST LIMITED NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 27 Operating lease commitments At 31 March 2022 the group had outstanding ¢ornmith)ents for future minimum lease payments under non- can¢ellable operating leases, which fall due as follows.. Group Company 2021 2022 2021 2022 Within one year Between two and five years Over five years 76.613 189,704 77.492 205,338 31,197 11,400 31.796 26,194 28 Related parties Remuneration of key m#nigement personnel The remuneration of k¢y management personnel is a5 follows-. Group Company 2022 2021 2022 2021 Aggregatc compensation The charity has taken advaniage of the exemption in Financial Reporting Standard Number 8 from th¢ requirement to disc105e transactions with group companie5 on the grounds that its subsidiaries are included within th¢s¢ ¢onsolidated financial statements. The Gr¢en Estate Community Ini¢r¢si Company is a joint venture of Manor And Castle Development Trust Limited. Purchases in ihe year from The Green Estate ComTnunity Interest Company were £24.611 (2021= £13.990) (company= £18.633 (2021= £1 I.828)). Sales in th¢ y¢ar were £nil (2021.. £nil) (Company.. £nil (2021: £nil}). Th¢ amount owed by The Green Estate Community Interest Company was £nil (2021.. £nil) (company: £nil (2021: £nil)). 29 .Revaluation reserve Group Company Balance at l April 2021 and at 31 March 2022 54 54-