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← Manor And Castle Development Trust Limited

2024-03-31-accounts

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CHARITY REGISTRATION NUMBER 1123187 COMPANY REGISTRATION NUMBER 3427303

MANOR AND CASTLE DEVELOPMENT TRUST LIMITED

GROUP ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2024

MANOR AND CASTLE DEVELOPMENT TRUST LIMITED

LEGAL AND ADMINISTRATIVE INFORMATION

Directors Y S Bramall
K Crawshaw
H A Dennis-Madin
Cllr E M B Dodd
R Dowling
C M Hurst
L M Moynahan
Chief Executive Officer L Warren
Finance Director R Robinson
Secretary L Warren (Appointed on 7 August 2023)
Charity number 1123187
Company number 3427303
Registered office Norfolk House
Stafford Lane
Sheffield
S2 5HR
Auditors UHY Hacker Young
6 Broadfield Court
Broadfield Way
Sheffield
S8 0XF
Bankers Co-operative Bank plc
The Fountain Precinct
Sheffield
S1 2JZ
HSBC
2 Fargate
Sheffield
S1 2JS
CAF Bank Ltd
25 Kings Hill Avenue
Kings Hill
West Malling
Kent
ME19 4JQ

MANOR AND CASTLE DEVELOPMENT TRUST LIMITED

CONTENTS

Page
Trustees’ report 1 – 25
Trustees’ responsibilities statement 26
Independent auditor’s report 27 – 29
Consolidated statement of financial activities 30
Parent statement of financial activities 31
Consolidated balance sheet 32 – 33
Parent balance sheet 34
Consolidated cash flow statement 35
Parent cash flow statement 36
Notes to the accounts 37 – 60

MANOR AND CASTLE DEVELOPMENT TRUST LIMITED

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2024

The trustees present their report and accounts for the year ended 31 March 2024.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 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 Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)”.

Public Benefit Statement: How we are meeting the PB requirement through our activities

Objectives and activities

The group’s objects are to assist, promote, encourage and facilitate the social, economic and environmental regeneration of the Manor, Castle and Woodthorpe areas of Sheffield – some of the United Kingdom’s most deprived communities.

The constitution does allow the group to operate outside its prime area of benefit when there is evidence we can deliver social return and benefit to Manor and Castle communities through this activity.

The group’s vision: Proud to live and work as part of the Manor Castle communities.

The group’s purpose: To support community action that brings about positive economic, social and environmental change through the development of enterprising solutions.

The group's key strategic social objectives for 2023/2024 that enabled us to meet the PB requirement were:

The group will work with other key partners in the area and contribute to achieving the vision for the neighbourhoods.

Strategy for Delivering Public Benefit

The core approach of the group has remained consistent and is reviewed on an annual basis as part of the business planning cycle. The Board has affirmed that the core business of the group is:

MANOR AND CASTLE DEVELOPMENT TRUST LIMITED

TRUSTEES’ REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

The group does not intend to replace or duplicate existing service provision or community activity but exists to ensure that no one in the area is excluded from benefiting from the social and economic regeneration activities, services and opportunities that exist.

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the group should undertake.

The Board consider that the significant activities of the group carried out in 2023/2024 to achieve our social objectives were as follows:

To empower and support individuals to identify opportunities to improve their health and wellbeing, to improve their social and economic circumstances

People Keeping Well (PKW) and Community Wellbeing Programme (CWP)

This programme is about partnership working and providing health and wellbeing activities in the community. It has a number of strands to the work.

PKW Partnership Working

Primary Care Network (PCN)

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TRUSTEES’ REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

Mental Health Transformation Project

The MHTP has been the catalyst to set up and develop a range of projects supported by Peer Inclusion Workers who then supported 3 local people as Peer Inclusion volunteers, who help support activity which helps those with mental ill health to become integrated into their community and make positive connections. Those with SMI have been supported to attend Sheffield Castle Park Run and one client has volunteered and helped to set up Junior Park Run in Norfolk Park on Sundays. Referrals made to other internal and external services including, MCDT Advocacy team, Age Better, Ignite Imaginations, Citizens Advice and back to the Connector service (Sheffield Mind).

Outdoor projects have been developed, including: Woodland Confidence sessions in Manor Fields Park outside classroom, Take Part wellbeing sessions in the York House Garden and Park Centre Community Garden.

Other support and wellbeing groups include Take Part in the Sewing Room, MCDT Dementia Café at Spires, Spires Food Bank, MCDT Online Women only group.

Extra funding (£600) was accessed by MCDT from Keep Moat Housing Development to cover costs of refreshments for the social groups/projects, food has become a key component for the vulnerable clients.

Cost of living increases re food and rent hire impacting on the project.

PCMHTP MCDT Lead attends weekly MDT meetings x 42.

21 clients with SMI supported.

3 Peer inclusion volunteers involved.

‘Lets Have a Chat’ Men’s Mental Health Peer Support Group

Over the period between April 2023 to March 2024 ‘Let’s Have a Chat’ men’s mental health peer support group has been funded through SCC Small Grants (Suicide Prevention), New Ground (Together Housing), East LAC and MCDT Opportunities Fund. We have every intention of continuing the group and are in the process of finding and applying for further funding sources.

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TRUSTEES’ REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

What we do

We have created a safe space and environment for men in our area to regularly meet and make connections. Facilitated by MCDT staff we practice a peer support model to enable group members to manage their mental health through activities and non-judgemental, empathic social engagement and seek to break down situations of social isolation and raise awareness of suicide prevention.

Using local quality green space and the five ways to wellbeing, and linking in with the Wildlife Trust, provides the opportunity for health walks, one to one walks, participation in appropriate wildlife activities, e.g. Bird-box making, foraging walks, wellbeing techniques which all supports the evidence that linking in with nature proves that individuals thrive and their mental health improves.

If appropriate members can be referred to the organisation for support and are able to access online information.

The group has built bat boxes and bird boxes which have been placed in Manor Fields Park and in the garden at Norfolk House. Food has also been prepared and cooked on site for the group from bacon sandwiches to soups and stews prepared from scratch with fresh ingredients.

A Xmas quiz and other quizzes in general knowledge and cryptic questions are periodically provided in the sessions. These quizzes have been created by a group member of staff. The group made mindful decorations for a Xmas tree in the Cathedral using materials from the park as part of the annual Xmas tree festival.

We have also engaged with the Baton of Hope initiative, which is a national initiative to raise awareness of suicide amongst men.

Engaged with a local GP who visited and partook in the group, we spoke about the value of the group to the men and were able to express the dynamic and nature of the group to the GP to provide a clear picture of suitability and who would benefit from it.

Four medical students attended the group as part of their placement in the community organisation researching the benefits of green social prescribing. The students interviewed the men with pre-prepared questionnaires.

A medical student attended the group in a placement position as part of his studies. It was an excellent example of two-way engagement with both the student and the men engaging and learning from each other. The student gave us excellent, positive feedback on his experience with the group and this feedback was further expressed by Whitehouse Surgery, where he was based during his placement. This placement was organised by Michael in order to give the medical student a wide flavour of the work we do and enable him to talk to as many clients as possible.

We received information from the Bare Project about another organisation which potentially could further support the Men’s Mental Health Peer Support Group. We attended a Zoom Q & A session on 19 March and fed back to the Bare Project.

After discussion it was agreed to submit a bid, led by the Bare Project, which is an Arts Company in partnership with MCDT. This is funded by the Baring foundation and is aimed at attracting new male participants into creative mental health programmes focussing on creative opportunities to people with living with mental health problems.

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TRUSTEES’ REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

Ash a local resident established a support group for those with EUPD. Ash’s group received support for funding through MCDT. Ash visited Let’s Have a Chat to talk about his group with us and share his own experiences and knowledge with the group.

It is clear that when the men are taking part in activities, they engage with each other and talk about how they are feeling and offer each other practical support to improve their mental health.

Advocacy 121 Support

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TRUSTEES’ REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

message) helps them feel valued but also if in crisis. But if they are at risk ADVICE to go to places of safety if at risk of self-harm straight to A&E, some clients may also be a waiting list for support with mental health via specialist services and this can take time, so we find that by text messaging service does help them manage their mental health better.

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TRUSTEES’ REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

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The VCS Primary Care Health and Social Care Waiting List

Referrals from Primary Care Waiting list to a range of light touch MCDT activity, volunteering and Green Prescribing Activity.

Most one-to-one support for patients was provided either in surgeries or at home due to each individual needs of the patient.

Personal Development

Volunteering- MCDT Health Champions/Volunteering

Volunteering is an important part of what we offer to people as part of their personal development. Many of MCDT service users develop through becoming support/volunteers for others accessing MCDT activities and services. Volunteering often helps those with mental ill health, providing structure to their day, giving their time for good, learning new skills, building on the individual’s strengths, feeling of worth whilst being supported.

The formal process of volunteering for MCDT provides the experience of application process, with help, describing and recognising what they are good at and enjoy doing, which can lead to paid employment. Opportunities for MCDT Health Champions volunteering includes:

Light touch groups-

Specific groups-

Green Social Prescribing Activity-

Community Development/Engagement

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TRUSTEES’ REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

Sheffield Community Makers

Cancer Champion Volunteers-Launch in September

Community Cohesion activity

1 Health Champion volunteer supported. 8 participants completed the programme. All female. 3 with serious mental health, 5 with moderate mental ill health. 8 white /British age range from 30 years to 55 years.

April – September 2023 New Volunteers recruited x 7 - April to September - 672 hours volunteered Existing volunteers x 17 - 1,632 hours volunteered.

October - December 2023

Overall total of hours volunteered = 533

New volunteers this quarter = 1 person being processed Volunteers exited and in to paid employment = 1 Access to training = 5

January – March 2024. 1 Female White/British, memory loss due to stroke, Supporting delivery of Mindfulness movement programme. Self Referral. 12 sessions x 4 hours- x 3 = 144 hours volunteered.

One off session Wednesday 24 January 2024, partnership piece of work with Counter Context consultation and MCDT.

8 local volunteers living on lower income's recruited by MCDT to attend a focus group. The focus group was part of a major study looking at how public consultation could be improved to ensure that vulnerable/marginalised people are heard across communities.

8 volunteers = 5 women, 3 men all S2 residents Aged 35 years to 67 years.

8 x 3 hours = 24 hours volunteering time contributed in total.

1 volunteer supported recruitment x 6 hours provided.

30 hours contributed.

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TRUSTEES’ REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

January-March 2024. Total hours overall volunteered = 846 hours

4 x Sheffield University Third Year medical Students were hosted by MCDT for 6 weeks. Their learning experience .

Involved supporting the MCDT groups. They researched via asking participants about their personal experiences of access to health services and their experience of the services accessed at MCDT.

Hours contributed – 4 x 20 hours x 6 weeks = 480 hours

April 2023 to March 2024: Number of volunteers contributed their time this year = 38 Number of Hours volunteered overall = 3,318

The Green Prescribing opportunities for volunteering have grown with MCDT’s Peer inclusion worker leading on Community growing in the community utilising Park Centre Community Garden, Manor Fields Park outdoor classroom and York House Garden also support given to Spires Allotment volunteer group. Also delivery of local health walks in the day and evening walks.

Involvement in an Open Gardens Event at York House, co-produced with the Friends of Sheaf Park. Showcased the garden on behalf of The Take Part in the Garden Group. 6 members supported on the day. 30 local people visited.

Three regular volunteers have supported the Woodland Confidence courses delivered in x 2, 8 week blocks. 8 participants completed.

STEPS (personal development/MCDT Wellbeing programmes)

1 Health Champion volunteer supported. 8 participants completed the programme. All female. 3 with serious mental health, 5 with moderate mental ill health. 8 white /British Age range from 30 years to 55 years.

Adult and Community Learning

Multiply contract via SCC to develop maths skills for adults focusing on Household Budgeting. Upcycling and thinking green. Cooking on a budget. My energy costs.

Sessions are delivered in Manor Castle, Woodhouse, Park and Arbourthorne and links with schools are being used to help parents with supporting their children with maths.

Those accessing sessions where appropriate are being signposted to services that can help with debt advice and Matrec to access further learning opportunities.

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TRUSTEES’ REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

Community Development

Cost of living development workers.

SCC contract for 1 FTE to support welcome spaces to develop and become sustainable through linking across a network and accessing additional funding opportunities.

MCDT workers have supported existing groups, identified gaps and started a new breakfast drop in at PMCH Wybourn where individuals can pop in for a free breakfast and access cost of living support. This can be in the form of:

Access to school uniform. Debt advice referrals. Support to access the household support fund. Holiday fund. Food bank referrals. Signposting to other welcome spaces and groups .

Pat Midgely community hub

Work has been ongoing to build capacity at the new community centre, encourage new users and bring an income in to make the building sustainable. Working with Great places centre coordinator has been recruited and work is underway to create an independent organisation to run the building. MCDT roll is to advocate for local voices and encourage more community involvement as well as offering community development experience to design services fit for the community.

Local Opportunities Fund

As part of what we deliver with the CWP, we provide a small grants fund to give partners an opportunity to deliver health and well-being activity. This year we used the resources to fund the following activity:

MANOR AND CASTLE DEVELOPMENT TRUST LIMITED

TRUSTEES’ REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

Weston Park Cancer Outreach - The Big Purple Bus

Building on the relationship with Weston Park Cancer Support. Funding has been accessed to obtain 2 buses by Weston Park Charity to provide a Cancer Care service in the local community. Manor and Castle are one of the pilot areas to have the service launched in September 2023. 2 local volunteers have been identified to support the service, which will see a static bus with specialised cancer staff available for advice and support on the Manor Park Centre shops, once a week.

Over 50 people have stepped on the bus for advice and support. Future site to be identified on Arbourthorne by September 2024.

MCDT are represented on the Steering Group. MCDT staff recruited local people to be involved in the development of the signage on the buses and the logistics of the use of the buses.

Take Part in the sewing Room Group applied for Weston Park Cancer Charity small grant funding and were successful. They delivered a project, sewing 50 educational resources to be used on the Big Purple Bus for Breast Cancer Screening. 6 members of the group were involved in the project and 4 of the 6 had lived through the experience of cancer.

S2 Women`s Creative Group

Local women aged 30 years to 85 years have been recruited and supported to be involved in a series of arts sessions which have included costume design, flower arranging and performance at Crucible theatre and local community venues.

The Fantasy Project allowed 12 local women to meet for 12 workshops, to create an alter ego, design and create the character and costume. Through weekly workshops they were able to learn new skills and increase their confidence. This was celebrated by a catwalk presentation in front of 350 people within the Play House theatre.

The Witch Craft project involved local 10 women meeting weekly to coproduce with a local flower shop and Sheffield Theatres the designing and making of wreaths, workshops involved interactive activity and the chance to discuss women’s issues. All the wreaths were displayed in the entrance to the Crucible theatre, and all members attended the play “The Crucible” based on the story about women being executed and accused of witchcraft. Finally, the group were invited to an intergenerational meal with a group of young women who had been involved in the project.

Mindful Arts and Crafts and Lunch Club at Arbourthorne Centre

Weekly activity to support people’s emotional wellbeing. 11 sessions with 37 beneficiaries including 13 new beneficiaries.

Activity includes:

MANOR AND CASTLE DEVELOPMENT TRUST LIMITED

TRUSTEES’ REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

Take Part in the Sewing Room

A group that was requested by a number of people accessing other mental health support. Group consists of 9 local women. Meet weekly at York House. Skill share. Have completed a project for Weston Park Cancer Charity re the Big Purple Bus, making 50 educational resources for use on the bus. 50 resources made. The group also displayed their work at the Quadrant for one week before Christmas as a fund raiser. This group has 3 lead volunteers. 2 volunteers with sewing skills.

Spires Community Allotment and Gardens

Norfolk Park and Arbourthorne Men’s Group Men’s Support

The Norfolk Park and Arbourthorne Men’s Group (NPA) met on a weekly basis and got involved in the following during the above period:

MANOR AND CASTLE DEVELOPMENT TRUST LIMITED

TRUSTEES’ REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

Digital Inclusion

The weekly digital drop in runs from Pat Midgley community hub and supports individuals with access to devices the internet and one to one support. Individuals through the drop in are usually more mature with limited knowledge or confidence and a class would feel intimidating. To date they have been able to access online opportunities for saving money, shopping, access services, applying for work, and staying in touch with family.

Community Bonfire

Worked with partners to organise and deliver a community bonfire, with a professional firework display, food outlets, including one run by our volunteers and stalls. Over 5,000 people attended without any publicity other than local word of mouth and social media.

Echo

Mondays at Echo continues to run. We have two volunteers being trained. Access has improved through linking with the Springboard social café.

Since moving the Take Part in Sewing Room group to York House, this has enabled Echo to be opened for an additional day for temporary period and Echo has allowed the Take Part in the sewing Room group to display their work and use materials from the Echo stock.

Echo continues to be a hub for the community who are experiencing financial and social exclusion. Sessions have extended from one per week to three with separate groups developing their own offer and activity while having access to the resources in the clothing shop and toy swap library.

Echo is an integral part of the support systems in place to mitigate the worst effect of the cost-of-living crisis, while linking to the S2 foodbank and becoming a welcome space welcoming new customers and participants who come along to socialise and access support offered by Charlotte Hutton.

Charlotte has supported people going through grief who had no other place to go when feeling lonely, the sessions offer a safe space and opportunities for peer support to develop while Charlotte supports those with more complex needs such as asylum seekers and refugees in need of support and opportunities to make connections and put down.

Springboard (Mental Wellbeing group)

Has 3 volunteers + health and wellbeing worker.

Community 15-25 people each week.

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TRUSTEES’ REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

Chair Aerobics takes place every week helping clients with arthritis and encouraging them to move more and working on flexibility and mobility.

Moved venues due to old venue needing changes to the building.

Now working in partnership with Guildford view community hub.

Planning a Halloween party and Christmas party for this year.

The health and wellbeing worker supports the volunteers in leading the group.

Due to weather conditions, we have delivered all sessions in the Centre.

One volunteer from the group has planned to knit bunting with some of the group which will then be displayed at the Crucible Theatre in Sheffield.

We also encourage the group to oversee putting a quiz together and also the group meet separately from the meetings and have met for lunch and trips out together.

Now the venue has moved to Guildford a new community group has started a friendly group working together in putting a lady’s group together on Mondays where they meet for coffee and have lunch together and play dominoes.

There is also a men’s group taking place now running from the Centre.

Economic Recovery Fund

The local steering group worked together to select a community Artist the successful candidate was Alastair Flindell. Alastair ran a number of community engagement activities and met with individuals to gather archive footage and local stories to help with the design work, as well as arranging for photography sessions to capture local people.

A local newsletter was developed to inform local people what has been happening and to promote the summer event.

The summer event was delivered in August with local residents and groups having stalls, shop keepers engaged and those living in the flats on Manor Park were invited to afternoon tea at Kathy’s Tea Room.

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TRUSTEES’ REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

Progress on the project has included the installation of a new bin, artwork on the gable end and will also include planters, where we have had to spend time gaining permissions from SCC and are working with Amey. An estimated 200 local people attended the event as well as SCC officers and the Committee Chair. Steering groups were attending by partners.

Healthy Lifestyle

Eat Well Programme

Two courses run in 2023/2024. This is a 6-week programme supporting people to eat healthy food, feel good and move more.

Physical Activity

We have delivered a range of physical activity to meet the needs and abilities of local people:

Supporting people living with dementia and their carers

This work involves running and supporting cafés and activities run by our partners, the Spires and Victoria Community Enterprises, that the people living with dementia and their carers decide they want to experience.

The Spires Café has subsequently delivered quizzes for both general knowledge and music ones including one about musicals which was highly enjoyed by everyone with a bit of singing and foot tapping along the way.

We now have regular craft activities which have included embroidery, jar painting and pompom making. In addition, we’ve included inflatable bowling which is suitable for everyone as well as dominoes and bingo.

MCDT also provides a service to connect newly diagnosed patients and their carers into local support services.

The Forget-Me-Nots (Dementia Friendly) Singing Group

The Forget-Me-Nots singing group has 23 members which includes individuals with memory loss, in recovery from cancer, terminally ill with cancer, learning difficulties, mobility issues, and mental ill health. The group now meet weekly at VCE church which the group contributes towards gas and electricity bills. They meet at 5pm for a social group session and then 6pm to 7pm for singing.

A professional singing coach leads the group. The group enjoy meeting to sing together as therapy and a social group. The group were invited to perform at the VCE community has talent event, the Manor Park Christmas event and Temple Centre event.

One member has Serious Mental Health and attends the group for his wellbeing. He reads music and plays the piano to accompany the groups singing. The group collectively have looked at continuation funds. Members

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TRUSTEES’ REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

pay a weekly donation as a contribution to the cost of the singing coach and venue hire. Manor Park TARA have supported financially to the running costs of the group also the group have performed in the Sheffield Crucible foyer, with a collection bucket as a fund raiser. Free theatre tickets for “White Christmas” performance were accessed by the members of the group.

Dementia

Dementia Partnership Meeting (GPA1 area).

Attended and contributed to the discussions around bettering support for people.

GP Practice Multi-Disciplinary Team Meetings (MDT’s).

Attended dementia focused MDT’s for Norfolk Park and Dovercourt practices. Attended weekly non-dementia focused MDT’s at White House practice. These ensure that people with more complex and intensive needs are discussed and actions.

TAP (Team Around the Person) Meetings.

Attended meetings for people with complex needs including dementia.

Falls Prevention

Separate Dementia project to support hospital discharge

Liaising with the hospital discharge team.

Other Areas of the Trust’s Activity

Park Community Centre

Afternoon tea

14 ladies and gentlemen meet on a weekly basis.

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TRUSTEES’ REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

Community Café

We were successful in recruiting 2 new volunteers to deliver the café service and now open Mondays and Wednesdays offering a selection of affordable meals. It has become a real hub vibe again. A destination where people just stay and hang out. 240 volunteer hours contributed.

Pantry

64 people have received a service from the pantry and 1,922 shopping baskets have been filled. 8 families received fuel payments kindly donated by another community member. Total volunteer hours 760.

Park Library

The library is still not back to where we were before the lockdown, but we have been able to significantly increase the hours due to new volunteers joining the team. We have lost 4 experienced staff due to work or family commitments, but we have gained 5 new people who have enabled us to increase the hours. We now open Monday 10-2.30; Wednesday 10-5.30; and Friday 10-12.30. 10 volunteers delivered 910 volunteer hours.

Wybourn Women’s Group/The Corner House Group

This year has seen some members develop and move on and new members join the group there is a regular attendance of up to 18 women, the sessions continue to provide a welcome safe space for women to support one another while signposting to services where required.

The activity is funded through grants from Great Places Levy and cost of living small grants. This year has seen 45 weekly sessions, Easter stay and play sessions, local summer family days out x 4 accessed by 17 families with 28 children, October half term stay and play, Christmas grotto accessed by 150 children from the Wybourn community and February half term stay and play.

The women who attend this group are actively involved in the designing and delivering the sessions bringing ideas and helping at the stay and play sessions and Christmas grotto.

Healthy Holidays

We also delivered the Holiday Activity with Food programme for families with children eligible for free school meals in Southeast Sheffield across the academic year. The Department for Education funded the programme across the school holidays. We reached approximately 2,000 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 the academic year, some small community, grass root organisations led by volunteers to big well-resourced football clubs.

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TRUSTEES’ REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

The main focus was to make sure children did not go hungry over the school holidays with families that continued to face financial pressures after the pandemic and that the children had a positive experience that enriched their learning and physical wellbeing.

Best Start Communities Count

Best Start Communities Count has been extremely fortunate in receiving a third round of Reaching Communities funding from the National lottery. Best Start 3 runs from September 2022 – August 2025.

Our Best Start areas are four of the most deprived wards in Sheffield as measured by the Index of Multiple Deprivation. Children under four make up 6.5% of the total population and this proportion is increasing.

The beneficiaries for this project will be children aged 5 and under, their parents/carers and their siblings in 4 specific deprived areas in Sheffield.

Due to increased demand and a complete loss of all similar provision we have expanded our toddler group offer into 2 further communities.

We are now in year 2 of the project and our programme of activities is thriving and really busy.

We delivered this year the following groups:

The volunteers are working well and the relationships they have with the families are positive and supportive.

In addition to the core offer, we also have a small contract with the local authority to recruit and train volunteers to support the work of the Children’s Centres. 17 new volunteers have been recruited and trained.

We have regular update meetings with Family Centre Coordinator, and they are happy with how this contract is running and the volunteer activity, especially the retention of volunteers and recruitment of new ones.

Over the summer, some volunteers came to holiday activities to help together with Family Centre staff creating a positive partnership working environment.

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TRUSTEES’ REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

We have been working with the Local Authority to get them to release contracts to deliver Building Successful Families to the VCF sector. This has been a positive process. The contracts have now been advertised and we were successful in our bid to deliver the contract for Locality C and D. This contract is worth £75,000 per year for 2 years. We are due to begin delivery in April 2024.

Supporting People into Work

Our role within the Employment Team is to support and prepare people to move closer to employment, through training, education, personal development, and volunteering. With a strong focus on those people that are longterm unemployed and/or unable to sustain employment and/or economically inactive residents with barriers preventing them from engaging in the labour market.

We achieve this using a variety of methods and activities, we focus on engaging those ‘hardest to reach’ who are economically inactive and socially excluded. We meet every new participant in ‘their’ familiar surroundings. We explain our voluntary offer, as none of these programmes are mandated. If the person then wants our support, we do an initial diagnostic assessment to understand the challenges they face that prevent them from securing employment. There are often multiple barriers to progression, these may be personal barriers such as low selfesteem and/or confidence, often there are health related barriers, including managed health conditions and/or mental ill health. Barriers through offending or MAPPA/licencing restrictions or practical barriers such as debt, housing, relationship issues and/or financial hardship. Strengths, skills and areas for development, job and career aspirations and goals are discussed and defined. Individual tailored action plans are developed with participant collaboration, including SMART actions to address/remove barriers, empower and motivate to secure and sustain employment. The advisor and participant build a trusting relationship, helping the participant feel at ease and be open and honest and more accepting of change and of being positively challenged. Every participant has a CV developed and suitable email address for employment/employer correspondence and at each intervention:

As the Employment Services for MCDT, we are based in the heart of the community at Manor Park Centre. A vibrant and busy hub, we offer support and services to community members for all kinds of reasons, from

MANOR AND CASTLE DEVELOPMENT TRUST LIMITED

TRUSTEES’ REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

tenancy and housing through remote access for Citizens Advice services, where people are able to meet remotely with a CAB advisor for advice on a number of concerns and issues, from housing to benefits. Weston Park Purple Bus services, offering rooms for staff meetings and one to one private consultations around cancer diagnosis and raising awareness. Together Housing, the local social landlord rent a hot desk here and we support their tenants to access services too. We also have a variety of Employment Support initiatives to help the people furthest from the labour market and/or from marginalised groups such as young people aged 16 – 24 years, exoffenders, including those who are MAPPA registered, including sex offenders and people with health-related conditions including mental ill health. To increase our reach, we hold sessions at a variety of outreach venues, based in the city centre and communities throughout the East and South-East of the City; Synergy House, Cavendish Court, Com.Unity, Woodhouse Community Library, Newfield Green etc. We have the only Community based ITC CITB Test centre in Sheffield, of which we hold a contract with Opportunity Sheffield Sector Routeways programme to test all their CSCS course candidates, as well as offering the testing service to private candidates and community members.

Throughout the year, we have engaged 5,242 community members in the hub through a variety of visits and calls as follows:

Employment services: 2,404 engagements. Together Housing and other housing related services: 387 engagements. Advocacy and MCDT services: 1,164 engagements. Citizens Advice services: 392 engagements. CITB Test services: 375 engagements. General enquiries for other reasons: 520 engagements.

We delivered 10 various employment support contracts within this year as there was a transition of Government funding taking place. European Social Funding (ESF) came to an end and was replaced by UK Shared Prosperity Fund (SPF). This meant there were a number of short-term contracts on offer from Sheffield City Council (Opportunity Sheffield, Employment and Skills department), while the logistics of the new funding regime were sorted out and implemented. Below is a list of the contracts held for this period and the total number of people registered and supported to secure sustainable employment within this period:

Contract title Start End On programme End On programme Into work
Sector Routeways engagement March 2022 December 2023 75 61(into training)
ESF Ex offenders March 2022 December 2023 54 25
ESF Non-acute March 2022 December 2023 138 64
SPF Ex offenders December 2023 March 2024 24 2
SPF Employment Support plus December 2023 March 2024 35 3
SPF South East February 2024 March 2024 9 0
Youth Hubs April 2023 March 2023 99 39
ESF CSCS Tests and Cards November 2023 March 2024 186 tests 74 cards

In summary, we supported 434 people to become more work ready and prepare for employment and 194 moved into sustained employment within 2023/2024.

We also have a direct contract with a social landlord - Together Housing – who holds the local housing stock, this contract was held from July 2022 until March 2023 and a further contract was awarded in August 2023 which ran until March 2024. Throughout the 2023/2024 period, we supported 36 people into sustained employment. The contracts we held generated a revenue of £207,840 for this period.

MANOR AND CASTLE DEVELOPMENT TRUST LIMITED

TRUSTEES’ REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

Partnership working

Friends of Manor Fields Park

Meeting regularly to help develop the park for the local community. Feed into Green Estates plans who manage the park. Members of the Friends group carry out monthly themed walks plus newly developed evening walks, organise Halloween event in partnership with Green Estate and MASKK. Input into application for Green Flag status. Were successful in applying to Freemasons fund for Manor Fields Park Foraging and wild cooking. Friends of members are involved in litter picking activity and the promotion of the SUDS (Sustainable Urban Drainage) development on the part.

The Bare Project

Planning The Pigeon and Peas project involving gathering of working-class stories via audio about the Manor Allotments.

Ignite Imagination - Community Makers

Attendance at Steering Group meetings. Promotion and recruitment to community makers project.

VAS

Utilised exhibition space for local persons 30 painted portraits to be displayed.

Friends of Sheaf Park

Green Prescribing work, link with Open gardens event at York House, Peer inclusion worker and volunteers show cased York House Community Garden.

Green Network

Regular monthly meetings with green prescribing partners across Sheffield. Discuss promotion of green prescribing and shared practice.

Sheffield Theatres

Access to funding, staff resources and support for local groups. Access to free theatre tickets for S2 residents and volunteers.

Sheffield University

Provided placement for 4 medical students to allow them an understanding of S2 community and the services available. Gave them an insight into the work we do as a community engagement organisation in relation to Public Health.

MANOR AND CASTLE DEVELOPMENT TRUST LIMITED

TRUSTEES’ REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

Sheffield Hallam University

Provided placement for 1 Sport students based in the Health and Wellbeing Team. Worthwhile experience of community engagement and understanding of the motivators which help people become healthy.

Birley Community College

1 Work Experience student shadowing Health and Wellbeing Worker.

Weston Park Cancer Charity

Developed the roll out of the The Big Purple Bus. Attended steering group and recruited volunteers. Access small grants.

South Yorkshire Cancer Alliance

Attendance at Learning lunches to deliver presentations re voluntary sector involvement.

MASKK

Supported community activity and events. Utilised Temple Centre.

Manor Parish

Supported local activity and events.

Manor Park Tenants and Residents Committee.

Accessed funding support. Provided space at e4vents for promotion.

Wessex Archaeology

Recruited for Public art 2-day workshop as part of consultation.

Counter Context

Recruited participants and hosted focus group re consultation and barriers to local people being involved in public consultation.

PCA -Park Centre Community Action

Regular attendance at Steering Group meetings.

MANOR AND CASTLE DEVELOPMENT TRUST LIMITED

TRUSTEES’ REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

Financial review - MCDT the charitable company

Operating results

The trading results for MCDT reflect a more encouraging year for the organisation, reporting a deficit of £64,664.

Financial position

At 31 March 2024 total fund balances were £1,897,756 of which £678,950 was restricted, and cash at bank was £282,592. The freely available unrestricted funds were £276,058.

Reserves policy – unrestricted funds

The charitable company acknowledges the difference between cash reserves and funds as defined under Charities SORP 2015.

The charitable company attempts to break even each year and not reduce its unrestricted funds balance.

However, unrestricted funds will be allowed to reduce and potentially become negative if it can be shown that such a course of action is in the best interests of all the creditors of the organisation.

Reserves policy - restricted funds

Restricted funds are managed rigorously and are not allowed to become negative. If a restricted 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 Business Centre Limited continues to generate profits to help support the activities of MCDT. The Quadrant continues to build a reputation as the premier serviced office space provider in the Sheffield area.

Parkway Business Centre Limited generated an operating profit of £89,879 and its total profit for 2023/2024 was £nil. Due to its highly geared nature Parkway Business Centre Limited incurred interest charges of £75,463 and these interest charges were lower than those in the previous year. Net assets at 31 March 2024 were £634,831.

Managing Locally Limited, a small trading subsidiary, generated a profit of £1,069 in 2023/2024. Net assets at 31 March 2024 were £309,376.

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 to between three and six-month’s expenditure. The trustees considers that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the group’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.

MANOR AND CASTLE DEVELOPMENT TRUST LIMITED

TRUSTEES’ REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

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 several significant risks. These risks are assessed by the Senior Staff Team and The Board and a formal risk register is collated annually and reviewed regularly. Given the dynamism of the sector in which the group operates the ongoing risk profile is continually assessed by The Senior Staff Team who report accordingly to The Board.

Charity Governance Code for Larger Charities 2017

The Trustees have undertaken a comprehensive review of the Boards performance, measured against the Seven Principles contained 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 was delivering against the key outcomes recommended. The Board trustees contributed to the evaluation. Overall MCDT meets the vast majority of the key outcomes. The review has identified areas in which the Trust Board could improve and the CEO developed an Action Plan to address those areas and the Board has started to implement the recommendations. The Board will review annually.

The Board are committed to ensuring that the Community Development and Engagement Team continue to deliver community engagement services. The activities 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 projects complementary to our objectives and to maximise the return on our assets.

Structure, governance and management

The organisation (‘MCDT’) is legally constituted as a company limited by guarantee and is governed by a Memorandum and Articles of Association. The company registered as a charity on 13 March 2008.

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

Dr A J E Barnes (Resigned 13 November 2023)

Y S Bramall

K Crawshaw H A Dennis-Madin (Appointed 8 January 2024) R Dowling C M Hurst (Appointed 8 January 2024) D M Lawton (Resigned 20 December 2023) S Mair-Richards (Resigned 2 May 2024) L M Moynahan (Appointed 10 July 2023) S H Nicholson (Resigned 9 September 2024)

The group is governed by a Board of non-executive trustees/directors (‘non executives’). There are up to 12 non-executive positions available and The Board is split into four groups of non-executives, these are:

MANOR AND CASTLE DEVELOPMENT TRUST LIMITED

TRUSTEES’ REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

All Board decisions must be ratified by all four groups of non-executives. Detailed provisions exist that control the appointment and removal of non-executives but the overriding aim of The Board is to work as a partnership between all four groups. The group offers support and training to all of its non-executives to assist them in fulfilling their roles.

Currently there is not an agreed length of time trustees are appointed to in the mem and articles. The Board is a partnership designed to reflect the range of stakeholders with an interest in the success of the neighbourhood. The partners are subject to different recruitment processes unique to the organisation’s constitution. Turnover of Board members is low, and this provides continuity and corporate memory. There is a growing issue in Sheffield as a city in attracting and retaining trustees to boards. MCDT is in a relatively good position in that we are attracting new trustees that meet the organisations needs going forward.

The Senior Staff Team and Senior Management Team

During the year the day-to-day management of MCDT was delegated to a Senior Staff Team comprising of a Chief Executive Officer and a non-statutory Finance Director. The Senior Management Team is supported by a committee structure that draws on the expertise from the Trustees:

The committees report to the Board any recommendations for action. The delivery structure of the Trust is such that 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.

In August 2023, Debbie Mathews retired as CEO and was replaced by Lucy Warren. In December 2023, Chris Hurst FD left and was replaced by Ruth Robinson. In March 2023, Diane Cairns was appointed as Deputy Chief Executive.

Group structure

MCDT has two wholly owned subsidiary companies Parkway Business Centre Limited (PBCL) and Managing Locally Limited (MLL). Both companies are trading companies with the object to gift aid any surplus profits to support the charitable activities of MCDT. Parkway Business Centre Limited owns and operates The Quadrant, a prestigious 37,000 square foot service office accommodation complex in Sheffield. Managing Locally Limited owns and manages the property portfolio built up by MCDT. The governance structures of MCDT mean that The Board of MCDT can directly control the trading subsidiaries via The Senior Staff Team.

Disclosure of information to auditors

Each of the directors has confirmed that there is no information of which they are aware which is relevant to the audit, but of which the auditor is unaware. They have further confirmed that they have taken appropriate steps to identify such relevant information and to establish that the auditors are aware of such information.

The trustees’ report was approved by the Board of Trustees.

Y S Bramall Trustee 11 November 2024

MANOR AND CASTLE DEVELOPMENT TRUST LIMITED

TRUSTEES’ RESPONSIBILITIES STATEMENT FOR THE YEAR ENDED 31 MARCH 2024

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

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

In preparing these accounts, the trustees are required to:

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

6 Broadfield Court Broadfield Way Sheffield S8 0XF

INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS AND TRUSTEES OF MANOR 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 2024 which comprise the consolidated 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 the financial statements, including a summary of significant accounting policies. The financial reporting 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 in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report other than the financial statements 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 does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS AND TRUSTEES OF MANOR AND CASTLE DEVELOPMENT TRUST LIMITED (CONTINUED)

Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees’ Annual Report (including the Strategic Report).

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of the trustees

As explained more fully in the trustees’ responsibilities statement, the trustees, who are also the directors of the charitable company for the purpose of company law, are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as they determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have not realistic alternative but to do so.

INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS AND TRUSTEES OF MANOR AND CASTLE DEVELOPMENT TRUST LIMITED (CONTINUED)

Our responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken 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 responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

Based on our understanding of the charity and the sector in which it operates, we identified the principal risks of non-compliance with laws and regulations related to the acts by the charity, which were contrary to applicable laws and regulations including fraud, and we considered the extent to which non-compliance might have a material effect on the accounts. We also considered those laws and regulations that have a direct impact on the preparation of the accounts such as the Companies Act 2006. We evaluated management’s incentives and opportunities for fraudulent manipulation of the accounts (including the risk of override of controls), and determined that the principal risks were related to inflated revenue and the charity's net outgoings for the year.

Audit procedures included: review of the accounts disclosures to underlying supporting documentation, review of correspondence with legal advisors, review of journals, testing of cut off, testing the leases with tenants in the subsidiary companies, testing the validity and completeness of income, 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 meetings were reviewed.

There are inherent limitations in the audit procedures described above and the further removed non-compliance with laws and regulations is from the events and transactions reflected in the accounts, the less likely we would become aware of it. Also, the risk of not 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 misrepresentations, or through collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

Use of our report

This report is made solely to the charitable company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company’s members those matters we are required to 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 assume responsibility to anyone other than the charitable company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

Michael Mealing (Senior Statutory Auditor) for and on behalf of UHY Hacker Young

Chartered Accountants Statutory Auditor

11 November 2024

MANOR AND CASTLE DEVELOPMENT TRUST LIMITED

CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024

Unrestricted
funds
Notes £
Income from:
Donations and legacies
3
38,394
Charitable activities
4
294,416
Other trading activities
5
939,756
Investments
6
31,237
Total income
1,303,803
Expenditure on:
Raising funds
7
687,786
Charitable activities
8
695,920
Total resources expended
1,383,706
Net (outgoings)/incoming
resources before transfers
(79,903)
Other recognised gains and losses
Transfer of property from
investment properties to tangible
fixed assets (55,058)
Gross transfers between funds
(47,736)
Net movement in funds
(87,225)
Share of operating (loss)/profit
in joint venture
(38,122)
Net movement in funds for
the group and its share of
joint venture
(125,347)
Fund balances at 1 April 2023
2,815,065
Fund balances at
31 March 2024
2,689,718		 Restricted Total Unrestricted Restricted
funds 2024 funds funds
£ £ £ £
445,306
483,700
232,790
10,724
683,985
978,401
1,020,649
375,372
-
939,756
888,879
-
-
31,237
40,046
-
1,129,291 2,433,094
2,182,364
386,096

- 687,786
750,387
-
1,058,994
1,754,914 1,586,217
433,630
1,058,994 2,442,700
2,336,604
(47,534)
70,297
(9,606)
(154,240)
(47,534)
- (55,058) - -
(47,736)
-
(24,246)
24,246
22,561
(64,664)
(178,486)
(23,288)

-
(38,122)
980
-
22,561
(102,786)
(177,506)
(23,288)
656,389
3,471,454
2,992,571
679,677
678,950
3,368,668
2,815,065
656,389		 Total
2023
£
243,514
1,396,021
888,879
40,046
2,568,460
750,387
2,019,847
2,770,234
(201,774)
-
-
(201,774)
980
(200,794)
3,672,248
3,471,454

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

MANOR AND CASTLE DEVELOPMENT TRUST LIMITED

PARENT STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024

Unrestricted
funds
Notes £
Income from:
Donations and legacies
3
38,394
Charitable activities
4
570,650
Investments
6
32,139
Total income
641,183
Expenditure on:
Charitable activities
8
721,086
Total resources expended
721,086
Net (outgoing)/incoming
resources before transfers
(79,903)
Other recognised gains and losses
Transfer of property from
investment properties to tangible
fixed assets (55,058)
Gross transfers between funds
47,736
Net movement in funds
(87,225)
Fund balances at 1 April 2023
1,306,031
Fund balances at
31 March 2024
1,218,806		 Restricted
funds
£
445,306
683,985
-
1,129,291
1,058,994
1,058,994
70,297
-
(47,736)
22,561
656,389
678,950		 Total Unrestricted Restricted
2024 funds funds
£ £ £
483,700
232,790
10,724
1,254,635
1,267,094
375,372
32,139
82,306
-
1,770,474
1,582,190
386,096
1,780,080
1,736,430
433,630
1,780,080
1,736,430
433,630
(9,606)
(152,240)
(47,534)
(55,058) - -
-
(24,246)
24,246
(64,664)
(178,486)
(23,288)
1,962,420
1,484,517
679,677
1,897,756
1,306,031
656,389		 Total
2023
£
243,514
1,642,466
82,306
1,968,286
2,170,060
2,170,060
(201,774)
-
-
(201,774)
2,164,104
1,962,420

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

MANOR AND CASTLE DEVELOPMENT TRUST LIMITED

CONSOLIDATED BALANCE SHEET AS AT 31 MARCH 2024

Notes
Fixed assets
Tangible assets
13
Investment properties
14
Investments
15
Investments in joint venture:
Share of gross assets
Share of gross liabilities

Current assets
Stock
Debtors
17
Cash at bank and in hand
Creditors: amounts falling due within
one year
19
Net current assets
Total assets less current liabilities
Creditors: amounts falling due after
more than one year
20
Net assets
Income funds
Restricted funds
22
Unrestricted funds
Retained within the charity
Retained within non-charitable subsidiaries
Revaluation reserve retained within
the charity
28		 2024
£
£
769,088
3,954,082
-
1,005,940
(949,233)
56,707
4,779,877
1,308
216,389
393,020
610,717
(500,522)
110,195
4,890,072
(1,521,404)
3,368,668
678,950
1,375,104
1,189,123
2,564,227
125,491
2,689,718
3,368,668		 2023
£
£
968,931
3,804,898
-
993,798
(898,969)
94,829
4,868,658
971
127,289
569,462
697,722
(462,168)
235,554
5,104,212
(1,632,758)
3,471,454
656,389
1,407,271
1,227,245
2,634,516
180,549

2,815,065
3,471,454

MANOR AND CASTLE DEVELOPMENT TRUST LIMITED

CONSOLIDATED BALANCE SHEET (CONTINUED) AS AT 31 MARCH 2024

The accounts were approved by the board of directors and authorised for issue on 11 November 2024 and are signed on its behalf by:

Y S Bramall Trustee

Company Registration No. 3427303

MANOR AND CASTLE DEVELOPMENT TRUST LIMITED

PARENT BALANCE SHEET AS AT 31 MARCH 2024

Notes
Fixed assets
Tangible assets
13
Investment properties
14
Investments
15
Current assets
Debtors
17
Cash at bank and in hand
Creditors: amounts falling due within
one year
19
Net current assets
Total assets less current liabilities
Creditors: amounts falling due after
more than one year
20
Net assets
Income funds
Restricted funds
22
Unrestricted funds
Revaluation reserve
28
Other charitable funds		 2024
£
£
748,158
630,317
4
1,378,479
1,040,853
282,592
1,323,445
(263,604)
1,059,841
2,438,320
(540,564)
1,897,756
678,950
125,491
1,093,315
1,218,806
1,897,756		 2023
£
£
941,163
466,550
4
1,407,717
898,581
475,284
1,373,865
(258,598)
1,115,267
2,522,984
(560,564)
1,962,420
656,389
180,549
1,125,482
1,306,031
1,962,420

The accounts were approved by the board of directors and authorised for issue on 11 November 2024 and are signed on its behalf by:

Y S Bramall

Trustee

Company Registration No. 3427303

MANOR AND CASTLE DEVELOPMENT TRUST LIMITED

CONSOLIDATED CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2024

2024 2023
Notes £ £ £ £
Cash flows from operating activities
Cash absorbed by operations 24 (42,704) (186,613)
Investing activities
Purchase of tangible fixed assets (46,422) (29,499)
Purchase of investment property - (68,000)
Net cash used in investing activities (46,422) (97,499)
Financing activities
Repayment of loans (87,316) (93,185)
Net cash used in financing activities (87,316) (93,185)
Net decrease in cash and cash
equivalents (176,442) (377,297)
Cash and cash equivalents at beginning of year 569,462 946,759
Cash and cash equivalents at end of year 393,020 569,462

MANOR AND CASTLE DEVELOPMENT TRUST LIMITED

PARENT CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2024

2024
Notes £ £
Cash flows from operating activities
Cash absorbed by operations
24
(155,270)
Investing activities
Purchase of tangible fixed assets
(37,422)
Interest received
-
Net cash (used in)/generated from investing
activities
(37,422)
Net decrease in cash and cash
equivalents
(192,692)
Cash and cash equivalents at beginning of year
475,284
Cash and cash equivalents at end of year
282,592		 2023
£ £
(355,222)
(19,808)
34,226
14,318
(340,904)
816,188
475,284

MANOR AND CASTLE DEVELOPMENT TRUST LIMITED

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024

1 Accounting policies

Company information

Manor and Castle Development Trust Limited is a private company limited by guarantee, incorporated in England and Wales. The registered office is Norfolk House, Stafford Lane, Sheffield, South Yorkshire, S2 5HR.

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity’s Memorandum and Articles of Association, the Companies Act 2006 and “Accounting and reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)”. The charity is a Public Benefit Entity as defined by FRS 102.

The group accounts comprise the accounts of the charitable company and its subsidiaries made up to the end of the financial year. The accounts have been consolidated on a line by line basis as recommended by the Statement of Recommended Practice, “Accounting and Reporting by Charities”.

The accounts are prepared in sterling, which is the functional currency of the charitable company. Monetary amounts in these financial statements are rounded to the nearest £.

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

1.2 Going concern

At the time of approving the accounts, the trustees have a reasonable expectation that the group has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the accounts.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives unless the funds have been designated for other purposes.

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

1.4 Incoming resources

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

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

Grants are recognised in full in the Statement of Financial Activities in the year in which they are receivable.

MANOR AND CASTLE DEVELOPMENT TRUST LIMITED

NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

1 Accounting policies (continued)

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

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods and services provided in the normal course of business, net of discounts, VAT 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.

Charitable activities comprises those costs incurred by the group in the delivery of its activities and services for its beneficiaries. It includes grants made to projects and individuals, costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Grant expenditure payable to projects is included based on the date that individual projects’ expenditure has been incurred, rather than the date that the grants are defrayed to the projects.

Governance costs include those costs associated with meeting the constitutional and statutory requirements of the group and include the audit fees and costs linked to the strategic management of the group.

All costs are allocated between the expenditure categories in the Statement of Financial Activities on a basis designed to reflect the use of the resource, and include irrecoverable VAT.

1.6 Tangible fixed assets and depreciation

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

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

Freehold land is not depreciated Freehold buildings Straight line over 50 years Leasehold property Straight line over 2 to 50 years Plant and machinery 33.33% straight line Fixtures, fittings and equipment 15% or 33.33% straight line Computers and office equipment 33.33% reducing balance Motor vehicles 25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in net income/(expenditure) for the year.

MANOR AND CASTLE DEVELOPMENT TRUST LIMITED

NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

1 Accounting policies (continued)

1.7 Investment properties

Investment property, which is property held to earn rentals and/or for capital appreciation, is measured using the fair value model and stated at its fair value as the reporting end date. The surplus or deficit on revaluation is recognised in net income/(expenditure) for the year.

1.8 Fixed asset investments

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

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 benefits from its activities.

1.9 Impairment of fixed assets

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

Recoverable 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 to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. An impairment loss is recognised immediately in income/(expenditure) for the year, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately, unless the relevant asset is carried in at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.10 Cash and cash equivalents

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

1.11 Financial instruments

The group has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised when the group becomes party to the contractual provisions of the instrument.

NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

MANOR AND CASTLE DEVELOPMENT TRUST LIMITED

1 Accounting policies (continued)

Financial assets are offset, with the net amounts presented in the accounts when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

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

Other financial assets

Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in net income/(expenditure), except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at cost less impairment.

Impairment of financial assets

Financial assets, other than those held at fair value through income and expenditure, are assessed for indicators of impairment at each reporting date. Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected.

If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in net income/(expenditure) for the year.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in net income/(expenditure) for the year.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the group transfers the financial asset and substantially all the risks and rewards of ownership to another entity, 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 entirety to an unrelated third party.

Basic financial liabilities

Basic financial liabilities, including trade and other payables, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

MANOR AND CASTLE DEVELOPMENT TRUST LIMITED

NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

1 Accounting policies (continued)

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

Other financial liabilities

Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered 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 appropriate, unless hedge accounting is applied and the hedge is a cash flow hedge.

Derecognition of financial liabilities

Financial liabilities are derecognised when the group’s contractual obligations expire or are discharged or cancelled.

1.12 Employee benefits

The cost of any unused holiday entitlement is not recognised in the period but is recognised when the holiday entitlement has been taken.

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

1.13 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.14 Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the asset’s fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements.

The interest is charged to net income/(expenditure) for the year so as to produce a constant periodic rate of interest on the remaining balance of the liability.

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

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. There are no judgements or estimates which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities.

MANOR AND CASTLE DEVELOPMENT TRUST LIMITED

NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

3 Donations and legacies

Unrestricted
funds
£
Donations and gifts
3,095
Grants receivable for core activities
35,299
38,394
Donations and gifts
Other donations
3,095
Grants receivable for core activities
Other non-performance related grants
35,299		 Restricted
funds
£
-
445,306
445,306
-
445,306		 Group
Total Unrestricted Restricted
2024 funds funds
£ £ £
3,095
6,717
-
480,605
226,073
10,724
483,700
232,790
10,724
3,095
6,717
-
480,605
226,073
10,724		 Total
2023
£
6,717
236,797
243,514
6,717
236,797

MANOR AND CASTLE DEVELOPMENT TRUST LIMITED

NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

3 Donations and legacies (continued)

Unrestricted
funds
£
Donations and gifts
3,095
Grants receivable for core activities
35,299
38,394
Donations and gifts
Other donations
3,095
Grants receivable for core activities
Other non-performance related grants
35,299		 Restricted
funds
£
-
445,306
445,306
-
445,306		 Company
Total Unrestricted Restricted
2024 funds funds
£ £ £
3,095
6,717
-
480,605
226,073
10,724
483,700
232,790
10,724
3,095
6,717
-
480,605
226,073
10,724		 Total
2023
£
6,717
236,797
243,514
6,717
236,797

MANOR AND CASTLE DEVELOPMENT TRUST LIMITED

NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

4
Charitable activities



Sales within charitable activities
Services provided under contract
Performance related grants
Property rental from charitable objects
Other property income
Analysis by fund
Unrestricted funds
Restricted funds
Performance related grants
Keyworker project
5
Other trading activities



Income generated by subsidiaries		 Group

2024 2023
£
£
87,080
430,148
684,227
753,272
187,704
197,449
15,855
10,824
3,535
4,328
978,401
1,396,021
294,416
1,020,649
683,985
375,372
978,401
1,396,021
187,704
197,449
Group

2024 2023
£ £
939,756
888,879		 Company
2024 2023
£
£
363,314
676,593
684,227
753,272
187,704
197,449
15,855
10,824
3,535
4,328
1,254,635
1,642,466
570,650
1,267,094
683,985
375,372
1,254,635
1,642,466
187,704
197,449
Company
2024 2023
£
£
-
-


All other trading activities are unrestricted.

MANOR AND CASTLE DEVELOPMENT TRUST LIMITED

NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024




Rental income on investment properties
Income from unlisted investments
Interest receivable from subsidiaries
Other interest receivable		 Group
2024
£
30,916
-
154
167
31,237
2023
£
39,916
-
-
130
40,046		 Company
2024 2023
£ £
30,916
39,916
1,069
8,164
154
34,226
-
-
32,139
82,306		 Company
2024 2023
£ £
30,916
39,916
1,069
8,164
154
34,226
-
-
32,139
82,306
82,306

All investment income is unrestricted.

Group
Staff
costs
£
Depreciation
and fair
value gains
£
Cost incurred by
subsidiaries
176,327
15,838		 Other
costs
£
Total
2024
£
Staff
costs
£
Depreciation
and fair
value gains
£
Other
costs
£
Total
2023
£
495,621
687,786
159,923
39,318
551,146
750,387

All costs for raising funds are unrestricted and there were no such costs in the company.

MANOR AND CASTLE DEVELOPMENT TRUST LIMITED

NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

8
Charitable activities



Staff costs
Depreciation and impairment
Regeneration project costs
BEST costs
Sure Start costs
Other project costs
Premises costs
Travelling costs
Administration costs
Bad and doubtful debts
Legal and professional fees
Grant funding of activities (see note 9)
Share of governance costs (see note 10)
Analysis by fund
Unrestricted funds
Restricted funds		 Group

2024 2023
£ £
1,086,898
1,210,820
11,602
17,438
429,129
510,420
32,814
29,660
17,732
55,709
64,386
50,686
4,206
50,428
2,881
4,937
46,086
37,582
1,315
2,392
33,915
27,625
1,730,694
1,997,697
10,000
10,000
13,950
12,150
1,754,914
2,019,847
695,920
1,586,217
1,058,994
433,630
1,754,914
2,019,847		 Company
2024 2023
£ £
1,086,898
1,338,896
11,602
17,438
435,983
510,420
42,314
29,660
17,732
55,709
64,386
50,686
11,109
71,456
2,881
4,937
47,995
38,691
1,315
2,392
33,915
27,625
1,756,130
2,147,910
10,000
10,000
13,950
12,150
1,780,080
2,170,060
721,086
1,736,430
1,058,994 433,630
1,780,080
2,170,060		 Company
2024 2023
£ £
1,086,898
1,338,896
11,602
17,438
435,983
510,420
42,314
29,660
17,732
55,709
64,386
50,686
11,109
71,456
2,881
4,937
47,995
38,691
1,315
2,392
33,915
27,625
1,756,130
2,147,910
10,000
10,000
13,950
12,150
1,780,080
2,170,060
721,086
1,736,430
1,058,994 433,630
1,780,080
2,170,060

2,170,060

1,736,430
433,630

2,170,060

Governance costs includes amounts payable to the auditors of £6,400 (2023: £5,800) for audit fees and £7,550 (2023: £6,350) for other services. The cost of raising funds includes payments to the auditors of £2,450 2023: £5,950) for audit fees and £6,500 (2023: £3,400) for other services.

9 Grants payable




Estate/Property Management
Grants to institutions (1 grant):
The Green Estate Community Interest Company		 Group
2024 2023
£ £
10,000 10,000		 Company
2024 2023
£ £
10,000
10,000

MANOR AND CASTLE DEVELOPMENT TRUST LIMITED

NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

10 Governance costs

Audit and accountancy fees

Analysed between
charitable activities		 Group
2024 2023
£
£

13,950
12,150
13,950
12,150		 Company
2024 2023
£
£
13,950
12,150
13,950
12,150

11 Trustees

None of the trustees (or any persons connected with them) received any remuneration during the year, and none of them were reimbursed any expenses.

12 Employees

Number of employees

The average monthly number of employees during the year was:

Group Company Company
2024 2023
 2024 2023
Number Number
 Number Number
Regeneration and administrative staff 42 69 42 69
Executive Management 2 2 2 2
Trustees 8 8 8 8
Generation of funds by subsidiaries 7 8 7 8
59 87 59 87

Employment costs



Wages and salaries
Social security costs
Other pension costs		 Group
2024
2023
£
£
970,663
1,072,611
70,901
81,617
45,334
56,592
1,086,898
1,210,820
 Company
2024 2023
£
£
970,663
1,200,687
70,901
81,617
45,334
56,592
1,086,898
1,338,896

There were no employees whose annual remuneration was £60,000 or more (2023: £60,000)

MANOR AND CASTLE DEVELOPMENT TRUST LIMITED

NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

13
Tangible fixed assets
Freehold Long Fixtures,
land and leasehold fittings and
buildings buildings equipment
Group £ £ £
Cost or valuation
At 1 April 2023
400,000
831,025
406,608

Additions
-
-
46,422
Transfer from/(to) investment properties 122,492
(622,506)
-

At 31 March 2024
522,492
208,519
453,030

Depreciation and impairment
At 1 April 2023
-
295,486
373,216
Transfer from/(to) investment properties
-
(281,189)
-

Charge for the year
3,212
13
24,215
At 31 March 2024
3,212
14,310
397,431
Carrying amount
At 31 March 2024
519,280
194,209
55,599
At 31 March 2023
400,000
535,539
33,392		 Total
£
1,637,633
46,422
(500,014)
1,184,041
668,702
(281,189)
27,440
414,953
769,088
968,931

At 31 March 2024, had the revalued freehold land and buildings assets been carried at historic cost less accumulated depreciation and accumulated impairment losses, their carrying amount would have been approximately £549,412 (2023: £426,920).

The freehold land and buildings brought forward at 1 April 2023 were valued externally by Hale Saunders Chartered Surveyors, on an open market basis. The property was valued in September 2010 and had a valuation of £400,000.

MANOR AND CASTLE DEVELOPMENT TRUST LIMITED

NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

13 Tangible fixed assets (continued)

Freehold Long
land and leasehold Fixtures and Office
buildings buildings fittings equipment
Company £ £ £ £
Cost or valuation
At 1 April 2023
400,000
831,025
17,091
8,976

Additions
-
-
31,237
6,185

Transfer from/(to) investment properties
122,492
(622,506)
-
-
At 31 March 2024
522,492
208,519
48,328
15,161
Depreciation and impairment
At 1 April 2023
-
295,486
12,347
8,096
Transfer from/(to) investment properties
-
(281,189)
-
-
Charge for the year
3,212
13
5,876
2,501
At 31 March 2024
3,212
14,310
18,223
10,597
Carrying amount
At 31 March 2024
519,280
194,209
30,105
4,564
At 31 March 2023
400,000
535,539
4,744
880		 Total
£
1,257,092
37,422
(500,014)
794,500
315,929
(281,189)
11,602
46,342
748,158
941,163

At 31 March 2024, had the revalued freehold land and buildings assets been carried at historic cost less accumulated depreciation and accumulated impairment losses, their carrying amount would have been approximately £549,412 (2023: £426,920).

The freehold land and buildings brought forward at 1 April 2023 were valued externally by Hale Saunders Chartered Surveyors, on an open market basis. The property was valued in September 2010 and had a valuation of £400,000.

MANOR AND CASTLE DEVELOPMENT TRUST LIMITED

NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

14 Investment property

Investment property
Group Company
investment investment
properties properties
£ £
Fair value
At 1 April 2023 3,804,898 466,550
Transfer from tangible fixed assets 341,317 341,317
Reclassification of investment properties to
tangible fixed assets (177,550) (177,550)
Fair value gains and losses on investment properties (14,583) -
Market value at 31 March 2024 3,954,082 630,317

The investment properties are held to provide an investment return for the group and are held in the UK.

The valuations of the investment properties in Manor and Castle Development Trust Limited were made in April 2010 externally by Hale Saunders Chartered Surveyors, on an open market basis. Additions since then have been included at cost.

The valuation of the investment property in Parkway Business Centre Limited was made in June 2015 externally by Scanlans Consultant Surveyors LLP, on an open market basis.

The valuation of the investment properties in Managing Locally Limited were based on independent valuations. A professional valuation on some of the 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 £720,000. The remaining investment property has been valued on the basis of a valuation made in June 2010 externally by Hale Saunders Chartered Surveyors, on an open market basis. This valued the remaining investment property at £20,000.

The directors 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 rentals charged.

Yorkshire Forward have a charge 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.

MANOR AND CASTLE DEVELOPMENT TRUST LIMITED

NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

15 Fixed assets investments

Group Company Company
2024 2023 2024
 2023
£ £ £ £
Investment in subsidiaries - - 4 4
- - 4 4

Holdings of more than 10%

The charitable company holds more than 10% of the share capital/voting rights of the following companies:

Company Shares held Shares held
Company number Class %
Subsidiary undertakings
Parkway Business Centre Limited 04617006 Ordinary 100
Managing Locally Limited 04115551 Ordinary 100
Joint venture
The Green Estate Community
Interest Company 04801730 Voting rights 33

The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:

Principal activities Capital and Profit/(Loss)
Reserves for the year
£
 £
Parkway Business Centre Limited Property management 634,831 -
Managing Locally Limited Property management 309,376 1,069
The Green Estate Community Greenspace maintenance and
Interest Company regeneration 170,120 (41,068)

All subsidiaries are included in these consolidated accounts, which are operated to generate funds for the charity.

The figures stated above for The Green Estate Community Interest Company are those for year ended 31 December 2023.

MANOR AND CASTLE DEVELOPMENT TRUST LIMITED

NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

15 Fixed assets investments (continued)

The results of the charitable company’s subsidiaries for the year ended 31 March 2024 are summarised as:





Turnover
Cost of sales
Administrative expenses

Other operating income
Operating profit
Fair value gains and losses on investment properties
Interest receivable
Interest payable
Profit before taxation
Taxation
Profit after taxation
Aggregate assets
Aggregate liabilities

Aggregate funds
Tax losses available to carry forward against
future trading profits and non-trading loan
relationship surpluses
31 March 2024
31 March 2023		 Parkway
Managing
Business
Locally
Centre
Limited
Limited
£
£
876,208
86,099
(185,088)
-
(601,741)
(87,145)
500
2,115
89,879
1,069
(14,583)
-
167
-
(75,463)
-
-
1,069
-
-
-
1,069
2,712,101
794,958
(2,077,270)
(485,582)
634,831
309,376
105,000
20,000
111,000
20,000

MANOR AND CASTLE DEVELOPMENT TRUST LIMITED

NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

15 Fixed assets investments (continued)

The charitable company’s share of its joint ventures for the year ended 31 December 2023 is summarised as:

31 December 2023 is summarised as:
The Green
Estate
Community
Interest
Company
£
Turnover 2,238,475
Cost of sales (1,576,869)
Gross surplus 661,606
Administrative expenses (1,103,037)
Other operating income 410,579
Operating deficit (30,852)
Interest receivable and similar income (83)
Interest payable and similar expenses (5,650)
Deficit before taxation (36,585)
Taxation -
Deficit after taxation (36,585)
Fixed assets 2,119,334
Current assets 898,487
Aggregate assets 3,017,821
Liabilities due under one year (621,389)
Liabilities due over one year (2,226,312)
Aggregate liabilities (2,847,701)
Profit and loss account 170,120

The principal place of business for the charitable company’s joint venture, The Green Estate Community Interest Company, is Manor Oaks Farmhouse, 389 Manor Lane, Sheffield S2 1UH.

MANOR AND CASTLE DEVELOPMENT TRUST LIMITED

NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

16
Financial instruments



Carrying amount of financial assets
Debt instruments measured at amortised cost
Equity instruments measured at cost less
impairment
Carrying amount of financial liabilities
Measured at amortised cost
17
Debtors



Trade debtors
Amounts owed by group undertakings
Other debtors
Prepayments and accrued income
 Group
2024
2023
£
£
564,382
682,408
-
-
546,382
682,408
1,989,653
2,091,309
Group
2024
2023
£
£
150,254
71,649
-
-
1,800
40,326
64,335
15,314
216,389
127,289		 Company
2024 2023
£
£
1,276,919
1,358,551
4
4
1,276,923
1,358,555
778,068
815,887
Company
2024 2023
£ £
117,527
56,267
875,000
825,000
1,800
2,000
46,526
15,314
1,040,853 898,581





Amounts owed by group undertakings include a loan to a trading subsidiary of £875,000 (including interest) (2023: £825,000). Interest is payable on any balance outstanding at the end of the year at 3% above base rate and there are no fixed repayment terms.

MANOR AND CASTLE DEVELOPMENT TRUST LIMITED

NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

18 Finance lease commitments

Future minimum lease payments due under finance leases:

Group Company
2024 2023
 2024 2023
£
 £ £ £
Within one year - - - -
Within two and five years - - -
 -
- - -
 -

19 Creditors: amounts falling due within one year




Bank loans and overdrafts
Trade creditors
Other taxes and social security costs
Other creditors
Accruals and deferred income
 Group
2024

£

93,829
90,091
32,273
198,523
85,806
500,522

2023

£
89,791
66,659
3,617
170,354
131,747
462,168		 Company
2024 2023
£ £
-
-
56,958
26,003
26,100
3,275
139,793
118,793
40,753
110,527
263,604
258,598

Included in other creditors is £120,000 owed to Sheffield City Council (2023: £100,000).

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 owed to the council by the Manor and Castle Development Trust group.

The bank loan is secured by a fixed and floating charge over the property of Parkway Business Centre Limited, valued at £2.601m.

MANOR AND CASTLE DEVELOPMENT TRUST LIMITED

NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

20 Creditors: amounts falling due after more than one year




Bank loans and overdrafts
Other creditors

Analysis of loans
Not wholly repayable within five years
by instalments
Wholly repayable within five years

Included in current liabilities
Instalments not due within five years		 Group

2024
2023

£
£
788,465
879,819
732,939
752,939
1,521,404
1,632,758
324,475
523,222
557,819
446,388
882,294
969,610
(93,829)
(89,791)
788,465
879,819
324,475
523,222		 Company
2024 2023
£ £
-
-
540,564
560,564
540,564
560,564
-
-
-
-
-
-
-
-
-
-
-
-

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 £2.601m.

Included in other creditors is £540,564 owed to Sheffield City Council (2023: £560,564).

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 owed to the council by the Manor and Castle Development Trust group.

21 Retirement benefit schemes

Defined contribution

The group operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the group in an independently administered fund.



Contributions payable for the year
 Group

2024
2023

£
£

45,334
56,592		 Company
2024
2023
£ £
45,334
56,592

MANOR AND CASTLE DEVELOPMENT TRUST LIMITED

NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

22 Restricted funds

The income funds of the group include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:

Group and Company movement in funds

Balance at Incoming Resources Balance at Incoming Resources Balance at
1 April 2022 resources expended Transfers 31 March 2023 resources expended Transfers 31 March 2024
£ £ £ £ £ £ £ £ £
Sure Start 341,120 - (10,660) - 330,460
-
-		 - 330,460
Integrated Development Plan 65,645 - - - 65,645
-
-		 - 65,645
Yorkshire Forward 107,034 - - (18,588) 88,446
-
-		 (47,736) 40,710
Steel Inn Land Aid 105,271 - - - 105,271
-
-		 - 105,271
SCC Covid recovery grant - - (42,834) 42,834 -
-
-		 - -
Other regeneration grants 60,607 386,096 (380,136) - 66,567 1,129,291 (1,058,994) - 136,864
679,677 386,096 (433,630) 24,246 656,389 1,129,291 (1,058,994) (47,736) 678,950

The Holiday Hunger project is funded by the Council to distribute to groups who put on free activities and food in the school holidays. The project is to benefit children who get free school meals who might otherwise go hungry during the holidays.

The Woodthorpe and Wybourn Sure Start project provides Early Years childcare and associated outreach and support services. All income and expenditure relating to this project is shown in the Sure Start restricted fund.

MCDT is the Accountable Body for the Coal and Steel Areas Integrated Development Plan, a £42 million scheme predominantly funded by Objective 1 and Yorkshire Forward regenerating areas of South Yorkshire impacted detrimentally by the demise of the coal and steel industries. All income and expenditure relating to this project is shown in the Integrated Development Plan restricted fund.

The Yorkshire Forward funding relates to the proceeds of the sale of Harborough Avenue, an asset originally funded by an SRB scheme. The fund will be used to ensure community benefit by funding further development of the Manor area.

The Land Aid funding is to assist with upgrading the Steel Inn property and its gardens.

MCDT acts a project sponsor for a variety of projects funded by specific restricted grant funding. All income and expenditure relating to such projects are shown as other regeneration grants. Sufficient resources are held in an appropriate form to enable each fund to be applied in accordance with its restrictions.

MANOR AND CASTLE DEVELOPMENT TRUST LIMITED

NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

23 Analysis of net assets between funds

Group
Unrestricted Restricted
funds funds
£
£

Fund balances at 31 March 2024
are represented by:
Tangible assets
333,357
435,731
Investment properties
3,954,082
-
Share of joint venture gross assets/(liabilities)
56,707
-
Current (liabilities)/assets
(133,024)
243,219
Long term liabilities
(1,521,404)
-
(
2,689,718
678,950
Company
Unrestricted Restricted
funds funds
£
£

Fund balances at 31 March 2024
are represented by:
Tangible fixed assets
312,427
435,731
Investment properties
630,317
-
Investments
4
-
Current assets/(liabilities)
816,622
243,219
Long term liabilities
(540,564)
-
1,218,806
678,950		 Total
£
769,088
3,954,082
56,707
110,195
1,526,404)
3,368,668
Total
£
748,158
630,317
4
1,059,841
(540,564)
1,897,756

MANOR AND CASTLE DEVELOPMENT TRUST LIMITED

NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

24 Cash absorbed by operations
Group Company
2024
 2023 2024 2023
£
 £ £ £
Reconciliation to changes in resources
Deficit for the year (102,786) (200,794) (64,664) (201,774)
Adjustments for:
Investment income recognised in surplus or
deficit - - - (34,266)
Depreciation and impairment of fixed assets 42,023 56,759 11,602 17,439
Share of joint venture loss/(profit) 38,122 (980) - -
Reclassification of investment properties 55,058 - 55,058 -
Movements in working capital:
(Increase)/Decrease in stock (337) (434) - -
(Increase)/Decrease in debtors (89,100) (27,821) (142,272) (158,483)
(Decrease)/Increase in creditors 14,316 (13,343) (14,994) 21,822
Cash absorbed by operations (42,704) (186,613) (155,270) (355,222)

25 Financial commitments, guarantees and contingent liabilities

The parent charity was the recipient of an ERDF grant of £3,218,036 that funded the construction of ‘The Quadrant’, the prestige office complex owned and operated by Parkway Business Centre Limited. Under the terms and conditions of this grant any clawback liability arising from a default in the grant conditions by Parkway Business Centre Limited would remain with MCDT and not Parkway Business Centre Limited. The trustees consider that invocation of such a clawback 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 channelled £9.9 million of Single Pot funding and £21.6 million of European ERDF funding into over 40 regeneration projects by the completion of the plan in December 2008. MCDT undertook a rigorous program of monitoring to ensure that all such regeneration projects delivered in accordance with contractual terms. However, if a project is subsequently found not to have complied with the contractual terms then clawback may be invoked under European guidance. If the project is unable to repay the clawback and MCDT can be shown to have been negligent then contractually MCDT may become liable to re-pay the clawback.

The trustees of MCDT do not consider that they have been negligent in any material way in respect to any of these contracts. No clawback claims currently exist against MCDT. The amount of any such future potential claims cannot be reliably estimated.

MANOR AND CASTLE DEVELOPMENT TRUST LIMITED

NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

26 Operating lease commitments

At 31 March 2024 the group had outstanding commitments for future minimum lease payments under noncancellable operating leases, which fall due as follows:




Within one year
Between two and five years
Over five years		 Group
2024
2023

£
£
67,438
74,974
119,124
156,016
-
-
186,562
230,990		 Company
2024
2023
£ £
18,000
30,398
-
-
-
-
18,000
30,398

27 Related parties

Remuneration of key management personnel

The remuneration of key management personnel is as follows:




Aggregate compensation		 Group

2024
2023

£
£
115,298
106,153		 Company
2024 2023
£ £
115,298
106,153

The charity has taken advantage of the exemption in Financial Reporting Standard Number 8 from the requirement to disclose transactions with group companies on the grounds that its subsidiaries are included within these consolidated financial statements.

The Green Estate Community Interest Company is a joint venture of Manor and Castle Development Trust Limited. Purchases in the year from The Green Estate Community Interest Company were £30,902 (2023: £28,062) (company: £25,938 (2023: £22,182)). Sales in the year were £nil (2023: £nil) (company: £nil (2023: £nil)). The amount owed by The Green Estate Community Interest Company was £nil (2023: £nil) (company: £nil (2023: £nil)).

28 Revaluation reserve


Balance at 1 April 2023
Other recognised gains and losses:
- Transfer of property from investment properties to tangible
fixed assets (reversal of revaluation reserve)
Balance at 31 March 2024		 Group Company
£ £
180,549
180,549
(55,058)
(55,058)
125,491
125,491