CHARtTY REGISTRATION NUMBER 1123187 COMPANY REGISTRATION NUMBER 34?7303 MANOR AND CASTLE DEVELOPMENT TRUST LIIIITED GROUP AccouNrs FOR THE YEAR ENDED 31 MARCH 202S UHY MANOR AND CASTLE DEVELOPMENT TRUST LIMITED LEGAL AND ADMINISTRATIVE INFORIKATION Dtrectors Y S Bramall K Crawshaw R Dowling Cllr E M B Dodd L M MoynaFw) D J Clarson (Appointed 13 May 2024) (Appointed 9 (ktober 2025} Chief Executive Officer L Warren Finance Director R Robinson Secretary L Warren Charity number 1123187 Company number 3427J03 Registered offire Norfolk House Stafford Lane Sheffield S2 SHR Audito UHY Hacker Young 6 Broadfield Court Broadfield Way Sheffield S8 OXF Bankers Co￿perative Bank plc The Fountain Precinct Sheffield Sl 2JZ HSBC 2 Fargate Sheffield si ?Js CAF Bank Ltd 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4JQ MANOR AND CASTLE DEVELOPMENT TRUST LIMITED CONTEiYrs Page Trustees, report 1-24 Trustees. responsibilities statement 25 Independent auditor's rep)rt 26-?8 Consolidated statement of financial activities 29 Parent Statement of firwicial activities 30 Consolidated balance sheet 31-32 Parent balance sheet 33 Consolidated cash flow statement 34 Parent cash flow statement 35 Notes to the accounts 36- 57 MANOR&CASTLE DEVELOPMENT TRUST together we make the difference Manor & Castle Development Trustee Report 2024 - 25. IvtANOR AND CASTLE DEVELOPMENT TRUST LIMITED TRUSTEES, REPORT FOR THE YEAR ENDED 31 I￿ARCH 2025 The trustees present their report and accounts for the year ended 31 March 20?5. The financial statements have been prepared in accordance with the accounting policie5 set out in note I to the financial statements and comply with the charity's Memorandum and Articles of Association. the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended 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 l January 2019)" Governance Structure? governance gnd management The organisation ("MCDT'} is legally constituted as a company limited by guarnntee 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". Yvonne Bramall Laura Moynahan Keith Crawshaw Ruth Dowling Elle Dodds Chris Hurst Mark Bennet Samantha Nicholson Sioned-mair Richards (Appointed 13 May 2024) (Resigned 21 July ?025) (Appointed IJ January ?025 and res]￿ed 9 September 2025) (Resigned 9 September 20?4) (Resigned ? May ?0?4) The group is governed by a Board of non-executive trusteesldire¢tors. cu￿entlY 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 rdnge of stakeholders With an interest in the success of ihe neighLN)urhood. 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 corpordte memory. There is a growing issue in Sheffield &$ a city in attracting and retaining trusfres to boards. The Senior Staff Team and Senior Management Team During the year the day-to-day management of MCDT w&$ delegated to a Senior Stsff Team comprising of a Chief Executive Officer, a non-statutory Finance Director and Deputy Chief Executive Officer. The Senior Management Team is supported by a committee structur¢ that drdW5 on the expertise from the Trustees: Finance and Development committee (bi-monthly). HR committee (as and when required). The ¢ommittees report to the Board any recornmendations for action. The delivery structure of the Trust is such that each business unit has a senior member of 5tsff managing the day-to4ay delivery. The CEO, line managers and the senior team meet regularly. Group structure MCDT has two wholly owned subsidiary companies Parkway Business Centre Limited (PBCL) and Managing Locally Limited (MLL). Both companies are trading ¢ompanie5 With the object to gift aid any surplus profits to support the charitable activities of MCDT. Parkway Business Centre Limited owns and operates The QuadranL a prestigious 37.000 square foot service office accommodation complex in IVIANOR AND CASTLE DEVELOPMENT TRUST LIMITED TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2024 Sheffield. Managing LAKally Limited owns and manages the property portfolio built up by MCDT. The govemance 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 dIreC￿rS has confimied that there is no infonnation of which they are aware Ivhich is relevant to the audit, but of which the auditor 15 unaware. They have further confwmed that they have tsken appropriate steps to identify such relevant infomiation and to establish that the auditors are aware of Such information. Public Benefit Statement: How w¢ gre 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 Wo(xlthorpe are&s of Sheffield - some of the United Kingdom's most deprived communities. The constitution does allow the group to operate outside its prime area of benefii when there is evidence we ean deliver sociat retsjrn and benefit to Nlanor 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 artion that bring5 about tK)sitive economic, social and environmental ¢hange through the development of enterprising solutions. The group's key strategic social objectives that enabled us to meet the PB requirement were: to emwwer and support individuals to identify opportunities to itnprove their health and well-bein& to improve their social and economic circumstsn¢es. to recruit and support volunteers where we can offer theTn personal development opportunities. to develop events and activities in the community that meet lo￿] needs. to identify key groups of vulnerable m¢Tnbers of the community facing challenges that we can work with to develop local solutions to local challenge5. The group will work with other key parlners in the area and contribute to achieving the vision for the neighbourhoods. Strategy for DeliveriDg Public Benefit The core approach of the group has remained consistent and is reviewed on an annual basis a5 part of the business pla[￿ing cycle. The Board has affwmed that the core business of the group is: Community economic development. Capacity building and organisational development. First rung Community eng&tsemenL Personal development support. Support for group5 to tske Collective action on issues that matter to them. Build relationships and trust with local people - particularly the people who are hardest to engage through mainstrvdm service delivery. Raise the expectations and asplrations of the cornmiinity. MANOR AIW CASTLE DEVELOPMENf TRUST LIMITED TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 IViARCH 2025 Deliver specific activities that contribute towards social and econoTnic regeneration and neighbourhood irnprovement. Encourage and support people to engage with services and training opportunities that stimulate social and ￿onOmIC inclusion and enhancement. Support and assist other community groups and organisations. Champion and advocate for improved service delivery within the area. The group does not intend to replace or duplicate existing service provision or community activity but exists to ensure that no one in the area is excluded from benefiting from the social and economic regetkeration activities, services and opportunities that exist. The trusiees have paid due regard to guidance i&sued by the Charity Commission in deciding what activities the group should undertake. Achiev¢ments alld perforn]ance "Let's Have a Chay. _ Men's Mental Health Peer Support Group Introduction This is a referral group only. led by a qualified Peer Support worker with lived experience and c04)rdinated by a H￿1th & Wellbeinglcommunity Development Worker. This group provides a safe space where men can come together to express their true feelings without being judged or coerced into talking. Our aim is that they realise they are not alone in the way they are feeling, successfully reducing isolation, stigma and potential discrimination against those who are experiencing mental health issues. (h'er knivln The effectiveness of using thi5 non-clinical approach.. connecting with nature. utilising local quality green space. implementing the five ways to wellbeing. partnering with the Wildlife TnL%t and Canal & River Trust- participating in appropriate wildlife activities e.g. bird-box making: and undertaking foraging walks, upholds the evidence that linking in with nature improves an individual's tn¢ntal and physical wellbeing. CommeDts and feedbaek from activities with tbe Canal & River Trust: 30 briti4h & 363 Contacts 43 Seqsions "Best mEdicine Ihave had in the I￿t 6 montks. ' "Respitefrom all theproblems/mElltal healih issues. ' "Once on the Barge didn't think about ihe uyual sftrf. ' The ￿0Up also engages with other Health Professionals. e.g. specialist cancer and diabetic nurses. so that the group members are signposted to other services enabling thenAo make informed choices about their health and have the Oppor￿nIty to lead healthier lifestyles. The health and wellbeing worker has MANOR AND CASTLE DEVELOPMENT TRUST LIMITED TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 successfully supwrted the group to navigate services if required and source ￿nd]rtg of approx. £2iOO for room hire and activiti¢s. Park & ArbourthorDe Men's Social Group Background 15 This is a weekty Men's droFin group at Guildford Grdnge, which started in June ?024 and enables men to meet and chat in a safe and wamj space. Conversations are varied and infomiative. The men often talk about their past work history, hobbies and interests and families. Presently. a couple of the chaps have a military background and often recount their time in the service which the group find interesting. The present age range is 60yrs plus. The group enjoys.. quizzes, sporL music. general knowledge and 2rds, dominoes and pool are also played. Visits to local places of interest such as the Botanical Gardens, have also taken place and for some in the group. this brought back g(M)d memories of their childhood. Some men had not been back for over 30 Jrar5. and they found the tran5fonnation of the gardens fascinating. We have also visited Canon Hall Museum, but further restoration of the building was taking place, so we were onl). able to access a small part. Plans are being drawn up for a further visit in the summer so that we can explore the gardens and potentially visit the farn]. Over.% 2not '.Bènefitti* 14 254 Contacts 43 Session.. Dementia Groups Introduetio The PKW dementia work delivered by MCDT successfully ensures that people with dementia, and their carers. are i%tter infomled about the options available and empowered to support their dementia journev. Those people referred to MCDT receive a 6 monthly wellbeing check-in phone call and are provided with infomiation packs via email or post where appropriate. Memi)ry cafes and groups within the community are dernentia friendly spaces and community transFK)rt is used for increased accessibility. MCDT successfully 5UPPOrts people dementia, and their carers. by ensuring that they are not alone- have better wellbeing; and feel an increased sense of belonging in their community. It is our intention to provide a quality service which will enable them to live well. and longer, with deEnentia. Comm¢nts and feedback: Via Age UK 147 .mtsT Calls made People ar¢ happy to be Contacted via check-in Calls which provide generdl sUPPOrtive conversations and listening to changes in Circumstances. 152 SessiOllS IvtANOR AND CASTLE DEVELOPMENf TRUST LIMITED TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Some expressed that it was good that someone w&$ interested and cared about them. "Fanlasfic timefilledwith activities. games. greal coni'ersati0￿ anda contipmation ofbuilding beltei. friendships wiihin the group. ' Forget-mevnots Singing Group Within the Forget-Me-Nots singing group. 5 core members of the group are Ii)oking at developing a more fonnal structure. including a committee, potentially opening a bank accounL and identifying potential fundraising opportunities for the long-terni sustainability of the group. Comments and Feedback: "We love attending the Forget-Me- Nots. we sin& laugh and dance. ' "It gets me out of ihe hthLse. and I have people to talk and sing with. it make5 me happy ufter n hiLybanddie4 the singing group wag all I had ' "I lik£ attending ihe Afiernoon Tea at Park Centre, es me the chance to have a cuppa andl like r game of bingo. "Spires memory cafe.... they are like myfamily. They have lookedafter me when my husbandpassgd S2 Community Shop IDtroduction Between April 2024 and March ?02), MCDT provided an Advocacy worker two days a week at the S2 Community Shop based in Fairleigh. Sheffield. The purpose of the S2 Community Shop, unlike the S2 Foodbank, was not to be a supplier of emergency f¢)od parcels but, instead. to offer long-terni support to memberslclients ontributing towards the cost of their shopping. The rol¢ of the Advocacy Worker within the Conununity Shop is to enable Community Shop clients to maximise their income by checking what benefits they miJo It be able to claim as well as providing memberlclients with help to claim council tax supry)rt and reduce their Council bills Support provided: Helping set up Bank A¢counts Applying for Citizen cards Mobility Bus Passes ijunii, I￿ANoR AND CASTLE DEVELOPME1￿ TRUST LIMITED TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Blue Badges Applications to the Household Support fi￿d Applications for energy vouchers Referrals to organisations like Heat and Leap (for energy advice also white goods) Applications for DHP (Di5eretionary Housing Payments) and CTHS (Council Tax Har(tship Scheme) crs (Council Tax Support) Water Bills ? 8Jik io The effectiveness of this project is evident in its impact on the clients who r￿e1Ved some, if not all. of the above support- having their benefits increased to a level where they could think more P05itiv¢ly about success￿11Y managing their money. Comments and Feedback: "Ifeel so much belter now l am gelling the right benefiis. "My mental wellbeing is so much betier now ihal my council toy and water bills are sorted. Advocgcy Introductio Between April ?024 and March ?025, our Advocacy Team supported clients in a variety of ways but much of the support these clients r¢c¢ived related to welfare and council ￿nefits. As a team we succe&sfully provided support and acce5S to welfare benefits: facilitated solutions to housing issues and made refeTrals to other services when required. This could include advise on ener￿ inc. vouchers. grants. disability. services and other Council serviceslbenefits Support Provided Our Adv(Kacy team successfully supported clients to navigate through various systems, including NHS. Sheffield City Council and DWP; provided signposting inforniation. or made refe￿alS within MCDT or to other external statutory and non-statutory organisations, to ensure that clients received the supw)rt they needed. Appro Contacts 1492 MANOR AND CASTLE DEVELOPlktENT TRUST LIMITED TRUSTEES, REPORT (CONfiNUED} FOR THE YEAR ENDED 31 MARCH 2025 Comment5 and Feedbaek: "lam gra¢efvlfor allyour help not ￿ stressednow. ' "Ifeel so miich calmer now my benefits are sorted ' "Thankyoufor supporting me. ' "Not szlre I would h¢￿e done without}your klp. ' Tbe Corner House Introduction The Corner House group was estsblished to offer peer support for women in Wybourn and surrounding area5. The ￿up runs weekly. temi-time and throughout the school holidays, providing family activities, outings and trips. Working collaboratively with participants. the termly activities include a focus on healih and wellbeing. mental health. parentin& and personal development. A worker ts available to support individuals to navigate and access services includÉng referrats to foiKlbank and household support fund. applications to school; appeals fr>r sch￿1 places: housing support. signposting to employment support and training: and successfully accessing over £7000 funding to support the delivery of activities. Participants of the group have worked effertively together to successfully deliver activities for families including a trip to the Yorkshire Wildlife Park and Community Christmas Grotto. during which, over 100 children visited Santa and received a personalised gifi. arliiipianl. ,Y, .-tslai 'artiUiid,: 1253 Contacts 42 i*.- ¢ession MANOR AND CASTLE DEVELOPMENT TRUST LIMITED TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Pat Midgley Community Hub Introduetio Pat Midgley Community Hub is a new community centre established following successful campaigning by I￿al residents to replace the community centre, making way for the family Centre. Moving fonvard, the centre will be run by a Community Interest Organisation (CIO) with trustees who are local residents. This >ear has seen the recruitsnent of four local residents who, along with representatives from the VCFS school and housing, will begin to run the building independently for the benefit of the local area. Echo New Volunteers Introduction Echo is an estsblished project developed to meet the n¢¢d for access to affordable clothing and toys in response to the cost-of_living crisis. The project is open weekly and has become a local hub and welcome space. The project successfully provides affordable. pre-loved lothing for adults and children. a toy-swap service and school uniforni supplies. A group meels regularly at the project which enables them to access support as well &s providin8 them with volunteering opportunities at the project. Th¢ project su¢¢essfully provides signposting to immigration and bereavement support setvices: referrals to the local f¢x)d bank where individuals and families can receive financial support. school unifomis for low-income families- advice on avoiding financia Scams. and has a signtficant impact on reducing loneliness and social isolation. 320 160 Contarts Volunteer Hoiirs MANOR AND CASTLE DEVELOPMEiYf TRUST LIMITED TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Collnectlllg with Green Spaces Take Part ID the Garden (fpitG) Introduction This is a referral group only led and coordinated by a Health & Wellbeing Worker, a Peer Inclusion Worker with lived experience, and a Health Champions volunteer. Founded under an identified need in the community through the Mental Health Trdnsfomiation PrO￿aM. TPitG provides a safe. green space environmeni for a group of people who are experiencing mental health issues and concems to meet and share their experience. identify and find additional support where needed; engage with other5, who may be on a similar journey themselves, and can empathize with their circumstances. Through building relationship5 Wlthin the group. we successfully address social isolation. sUPPQrt each other, and enable group members to begin their journey to a better quality of life. In using a non-clinical and peer support appffAch - the five ways to wellbeing: connecting with nature in our garden: utilizing local green spaces. and implementing red, green and blue prescribing activtties, arts and ¢rdfts, bush craft and creative activitie5 we have successfully provided a wide range of opportunities to encourdge group members to voluntarily engage in activities which include trips to heritage sites, green spaces and community events. A freshly made meal and communal eating has also become an effective part of the group stnKtyre along with a check- tn system for clients to be able to share their experiences, news and connect with other group members. CommeDts and Feedback: 328 "Beip7g oiitJide is noi like being in a room. Ifl'm slruggling or feeling oventrhelmed, Ican mol'e somewhere quiet iv'ithout di$￿pIl￿g eiyerything, drawing allenn.on ￿ Ipull back a chair, squee=e pastpeople lo get out. Jfl need a quiet momeni. "The prychOlo￿SI I was seeing was really helpful, I hadlearnl all these fools to help bt(t when oursessions were over, I went hopne, I sat on in ry house wirh nowhere lo go. Coming lo this group has given me somewhere lopraclice whai I've learned. Contacts Sessions 111 IvtANOR AND CASTLE DEVELOPMENT TRUST LIMITED TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Tgke Part ill Nature (TPIN) Introduction This referral only group. established through green prescribing Test & Trdil and trail fijnding through the Community Foundation and public health at Sheffield University researching the benefits of non- medial mental health support through grttn prescribing, is led by a Peer Inclusion Worker with lived experience. Based in the woodland cl&%sroom on Manor Fields ParL TPIN is a 'light-tou¢h' group with a focus on mental health and wellbeing which provides a safe green space for members to connect with nature and engage with each Impletnenting the red. green and blue prescribing approach, sessions either are held around a firepit in the woodland classroom wlth a ghillie kettle for hot drinks and sometimes, food to cook and eat on the fire, or when the ￿'eather is more inclement. the session becomes to a health walk on Manor Fields Park and l(Kal green space5. This ￿0Up developed over time in response to an emerging need for a smaller group which has proved to be a more inclusive environment for those struggling with anxiety or presenting on the neurodiversity S￿¢truM. Added Value .124 Contacts While these groups are primarily funded by other grants and resources, PKW has been involved in elements of each to varying degrees in ternis funding towards volunteers: advertising the groups: and representation in the Mantle Comments and Feedback 41 Sessions "Ilove being in nature. biit Iget alLrio￿ walknng on own. Ilike hak'ip7g otherpeople to walk with ond I like catching up with them when Me haven'l seen each orherfor a while. "ljust Yeally enjo}'ed3ilting and loohng ar theflowers... Don't tell the others J said thaf. Friday Morning Breakfast Club Introduction Aimed at engaging clients who lived alone and in danger of becoming i501ated, the Friday Morning Breakfast Club was set up in 2014. This group h&$ been successfvlly not only in providing a space for our clients to spend a couple of hours together one morning a week. but also in facilitating friendships as clients get to know each other over the weeks leading to them arrdnging to do other things outside the Breakfast Club-for example. going on trips to VlSlt libraries and the museum. Between April 2024 and March 2025. 8 members attended the Breakfast Club Comments and Feedback: "Realli. glad I came,. it hay made a real thff" erence lo my life now. io- MANOR AND CASTLE DEVELOPMENT TRUST LIMITED TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 "Have made so manv neH'friep7ds, reall), glad I came along. ' "Best thing Idid. don'ifeel af lonelJT ￿ l used io. Health Champion Volunteers IDtroduction MCDT Health Champion volunteering programme focuses on the wellbeing and development of the volunteer. Volunteering can be part of the journey to increased health and wellbeing b). giving volunteers confidence. self*steem and purpose as well as valuable experience and skills. Our volunteering programme is an effe￿1ve pathway to becoming peer-mentor or tskin8 up further trdining and employment opportunities. We have a comprehensive volunteer policy and prwedure5 in place. ensuring volunteers t8 have an inductiow a mentor: a personalised trainino and learning plan and access to a training budget. All our Health & Wellbeing workers provide opportunities for volunteers to support the delivery of activities and groups - fonna] N'olunteers are signed up and mentored by Wellbeing workers whi15t some participants are infonnal 'helpers' who suptxirt regularly and may progress to becoming fornMI volunteers. 8550 Comments and Feedback: Volunteered Hours N.W. "Y(xi cannot quantify the benefit to me rhrough pry volunleering wilh MCDT. Having something regular to allend and the 5UPPOrtprovided was greaifor me. ' JG. "I think being a volunteerfor Manor and C￿lIe has been a grea¢part ofmy recovery andl have ahvays recetvedthe support I have needed ' JD "My lime volunteeringwith Manor Lmd c￿tle has helpedget me back out into ihe communi£i,. Meel people and make friendships. I have increased my coplfidenee. and I can do things totally oul ofmy comfort -.one. ' KG. "I hlnye volimfgeredforjiLst over a>ear to InCre￿e w. sknlLs in admip7islration and ieception...this has improNed my COP7fidence and￿Ven me ihe experiences Ineededto help mefind eMp/￿'Ment. l enjoy volunteering.... Ifeel like part of ihe team. My goal is tofind employnwnt. ' MANOR AIND CASTLE DEVELOPMENT TRUST LIMITED TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 IVIARCH 2025 Take Part ID the sewing Roo This project originated from the Mentsl Health Trdnsforniation programme, offering a social group with skill sharing, sewing and crafting is the motivation. Two MCDT Health Champion volunteers lead the group with 12 -15 members attending. The group has developed over time carrying out small projects with Weston Park Cancer Charity, creating educational resources for breasl cancer awareness and linking with ECHO, U￿YClIng items. 41 sessions have been delivered in York House. 5J5 City Road as their base. Time to Cballge Project Introduction This project aims to reduce feelings of isolation by bringing people together who understand each other s struggle5, successfully reating a sense of community and belonging. We provide a safe and warni space where individuals can express emotions. share experiences and receive empathy, validation and encouragement. Offering earl) help, this group. with our suppoit plays a part in helping prevent mental health issues from worsening and, if needed, encourages individuals to seek professional help. We have seen clients attending the project learn new skills for managing their mental health and as a result we hav¢ seen thes¢ individuals gain more Confidence and become emw)wered to make changes in their lives. Comments and Feedback: 460 Contacts "Ifeel like I belong somewhere. "By attending comnmnity sessions ihis haf saved ry life. ' "HLTving Parkinson's thsease, Ifeelpart of rhe community. ' 24 Sessionq ly lJrtsup 12- MANOR AND CASTLE DEVELOPMENT TRUST LIMITED TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Menopause Workshops Introduction Running these workshops for menopause has been an effective strategy in educating the community and t8 helping people feel comfortable and have the confidence to talk about menopause issues. Menopause is still a tslx)o topic in many cultures and this tl* workshops successfully helps nornmlise the ¢onver5ation and reduce shame or embarrassment. Working with our local GPS to promote the sessions and gain more clients. We run between l or 2 menopause workshops per quarter and have between 8-10 people b(KTrked on the training. Comments and Feedback: 129 Contacts "I can now communicate with my h￿band ' "We are connecling as afamil) ' "I have pnanaged to challenge my G.Pfor the HRT. ' "We have booked date night. ' "Made new connections. ' 18 ￿$s11)ll4 Physical Health & Fitness inc. Health Walks Introductioll The aim of this project is to reduce the risk of chronic diseases like heart disease, diabetes and obesity. The health benefits for individuals participating in physical activities include reducing the symptoms of depression. a￿XIetY and stres5. improving cardiovascular fitness" and improving strength, flexibility and bone health. Additional benefits also include: Economic - reductions to health we costs by preventing illness through improved fitness, activity and health. Connection to nature gnd the outdoors weather pern]itting, outdoors sessions in Manor Fields Park connect people with nature and consequently helps individuals who have Seasonal Affective Disorder (S.A.D). 1275 Contacts Comments and Feedback "I have losi 7sione and my hiisband, 4 stone, with ihe encouragementfrom the healih and wellbeing worker working in 137 Sessions MANOR AND CASTLE DEVELOPMENf TRUST LIMITED TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 partnerskip with m). G.P. This has saved n7y life suicidal before I met the health 17nd well- being workei.. "Aiiending ihe walkf gives me the respite and the lime fo resetfrom my wife who has been diagnosed with Al~heimer s. 'frVeighi loss has ￿Ven me the confidence to lookfor work ' 14- IKANOR AND CASTLE DEVELOPMEwf TRUST LIMITED TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Best Start Communities Count IDtroduction Best Start is a lottery funded project which aims to support families with young children by providing toddler group5, family activities, HAF school holiday provision. training and supporting volunteers and other sessions for parents I carers that can help to reduee isolation. Over the la%t year we have Continued to provide toddler group Sessions over 12 sites. We have used these activities as a vehicle to eonnect with families across the Manorlcastle. Norfolk ParklArbourtliorne, Darnall .' Tinsley and South Sheffield areas. From Sept 24- Sept 25 Additional beDefits include: Conneetion - Sessions are stNctrJred to provide opportunities for parentslcarers to connect ivith their children and develop positive relationships Development - stirnulate improvements in speech and language, social and emotional development and all other areas of early child development. Training & VolunteeriDg - we also SUPPOrt and identify parents I carers that might want to train as volunteers with Best Start. The team provide a training programme and some of the parents. carers attending our groups are now volunteers. Some have also gone on to attend further training an(Vor gained employment. All groups are doing well, numbers are increasing, and parents are reporting to us that they feel more confident and less isolated. iTrlus 584 282 Bab}. & Tcmldlei 3140 CThJ]dren pJJtnts We have a new outdoor toddler group at Norfolk House that is doing really well. We welcome new knilies. and it runs every Thurthy during temi-time 9.30am- I1.30am. Our HAF holtday sessions Continue to do well and are very well attended. We combine outdoor play SeS5ion& family day trips, family fun days. discos and much more. We now also provide support for families as part of the building successful families, programme. This means we can help fatnilies in a more focused wa)" to ensure the). can continue to be successful in the future. 15 MANOR AIND CASTLE DEVELOPMENT TRUST LIMITED TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Comments alld Feedback 'The groups really helped me and Ava both socialise.. we made really gO(￿frIendS & it kepl u3 busy as we attepkled ? g.oups a weeL The), gol us out and about, the}, brought Ava on in herself and she able toforrpifriendship5 & learn all ihe skills ofsharing wlih other childrenfrom a young age. The groups are j￿[ good if you H'ere ever just wanling a place lo rant or even juyt express how)¥ou werefeeling about kid¥ or anji womes, or evenjustfor afrtendly chaÉ. Everyone w(￿ so welcoming and open, and e&en ifyou neededa bil ofsupporl. you could alW(￿S rely on the groups and the people. The groups bringpeople logeiher & you never lefi withour le4Tving with a friend, noi onlj, the kids bill parents ¢lf M'ell. Sayanne "I WLU very aFLKiOUS abthil going to toddler groups. but thi3 has been an am(Eing and valuable ex￿rienCe for both ofus (m)Iself& Jacob). Visi¢ingNicola'sgroups has given me my confidenee back and given Jacob lots. Jacob is continuing to thrive through the socialisalion and variety of activitiesprovided Jacob'sfavourites aye snack-lime and sin￿ng. everyone broughi iogether to enjoy ihe momen¢. Nicola & her team provide an am(ring, safe and wonderful e￿IrOnment for all our children aml all are included in everything al every session. ' Rebecca "Ifeel the work these brilliani people do to suppori all these Nyilnerablefamilies. Ifeel it's helped so map71' oflls and given the community a closeness lh￿ w￿￿,1 Ihere before. Thev don't only organise importani development for babies andtoddlers. they also offer kindness andsuppor¢ on yourjourney ofbeing aparenl. l as one ihankyozlfor rhe kindnEss Jou andyour team offered me and mTr' daughier. Ifeel thi5 is an important groupfor our community ro conliniie and fhank thefvndersfor helping them to carry, on O ' Tracy You can also see all the work we do on Facebook. Search for: Manor Castle Norfolk Park ArbourthorD¢ Communities Count Dsrllall Tinsley Commullities Count Best Start Sheffield South Employment Team llltroduction Since 2008 MCDT has provided employment 5UPPOrt to people from 16 plus across the Manor and Castle ward and Sheffield residents. Our base is in the Manor Park area offering fijll ¢mployment advice and one-trpone support tailored to the individual needs. We are a youth hub working with 16- ?4-year-olds who are allocated a Career progression Mentor to encourdge young people to enter k particular career or sector. 16- MANOR AND CASTLE DEVELOPMENT TRUST LIMITED TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 The role of the Employment key w'orker is to get people ready to move into employment through recognizing their barriers, skills and experience. All participants have a detailed action plan that outlines actions to be laken to achieve their goals, empowering them to improve their self-confidence and independence. Support prnvided: Job searching in the chosen sectors Creating an outstanding CV Support with applyin8 for jobs by application fornis and online Preparing for interviews through mock interviews and interview workshops Setting up work trials and work placements for participants to gain work e.Yperien¢e Liaising with Stakeholders and employers Sign posting people for specialist support including support with mental health and neuro diversity clients Delivering group workshops to help the customer becotne confident in social settings Work with training providers to identify gaps in training in specific sectors 135 247 Referrals Apr- OL-I ?5 11 Work rL.lated workshops liib fair event orgiinised We are a CSCS Test Centre providing a safe and welcoming space for people to do their CSCS test to work on construction sites Through volunteering ive give people a chance to get ivork eX￿rienCe within our team and other organisations. This not only helps the person gain skills but can lead to paid work. Rachael's Story Rachael was our volunteer. she has agoraphobia but wanted to volunteer to help her raise her confidence to retum to work. She felt Safe and had a lot of support and when a position came up for paid work she applie(L she said she wouldn have had the confidence to apply for the job without the support of the employment I￿n. Comments and Feedback "Thank you for all your IkTrlp ap￿ support you have ￿Ven me. you believed in me and was so supportTve when Ifel¢ low" "I am so gralefulfor all yourpolite. active helping and motivaling behavior you have andyour ability to helppeople I will appreciate it ahv&rys" "Thapjkyoufor eTrYrythingyou have donefor me Icouldn't have done it withoutyotsr support" 17 IVIANOR AND CASTLE DEVELOPMENT TRUST LIMITED TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Peer Support Workers Introduction Since April 2024 Manor & Castle tkvelopmeni Trust have collaboratively worked with the Synergy Mental Health VCSE Alliance. A collaborative approach to transfomiing experlences and outcomes for people affected by mental illness and people who support them. including carers. Peer Support Workers". Listen to and support individuals facing mental health challenges Role model and provide positive example5 of hope and possibility Provide practical inforniation and signwisting Show empathy and provide advocacy through shared Experience. Deliver group support. Be an accompanier and support on a person s recovery journey Synergy SW*kl L4enL41 He3llh Al¢an¢• I to I meeting per V*'eek Holiday Activities with Food (HAF) Delivering a contract for Sheffield City Council as part ofthe UK government Activities and Food program funded by the Department for Education. Providing local children who are eligible for Free School meals with a program of actiN'ities and food during school holÈdays. 7412 Child places delivered Pigeon & Pe¥5 The past & future of the Manor Worker's Gardens. A Project to Celebrate the rich history of the Manor area in particular local stories about the allotments and pigeon lofts. A partnership piece of work between Mcryf & The Bare Projec* as part of Historic England's Everyday Heritage Grants. 12 30 Local People Recruited Workshops delivered Attended fin;: thOWca.￿ kea4'. 18 L4NOR AIND CASTLE DEVELOPMENT TRUST LIMITED TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Multiply Contract for SCC delivering adult learning with free courses and resources to help adults improve their numeraly skills for iyork. home. and life.. Money on my Mind Cooking on a budget My World- upc>'clin8 My energy Helping your Children with maths. 279 211 People engaged Apr 24- Nlar 2) Training interventions delivered April 24- Marl Act on Yor Health- Event An event demonstrating how the creative arts wi infiuence and support health and wellbeing. A mixture of drama and posltive healih messages. 96 People attend Act on your Health event @ Spires Centre 4ul>POrt Friday 26 April 2024 10am- 3pm I2.30 1.30p ¥ ￿rPkn &a 3pm Finish .' DEVELWEN¥ TRiJSI SIFFI.E TIEAT SHEFFIELD THEATKS S tÉVf£9Pl*XI IW51 19 IVL4NOR AND CASTLE DEVELOPMENT TRUST LIMITED TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Economic Reeovery Fund (ERF) Northern Avenue. Arbourthorne £ 67,000 invesfrd Impgct. Output, Benefit Community events Number Detail The community light switch on was delivered in November linking with local business and the local secondary school to build relationships with residents. The event went extremely well and was appreciated eatly by the shop keepers and local residents. We met regularly with shop keepers to discuss plans for the projecL Ivhile local busine5se5 were very supportive, they had limited capacity to get involved in the delivery of any of the project. We took direction from them and connected with their customers when visiting the shops. The intension of the projert was to address concerns rnised by shop kttpers and residents about the safety of the are there was an ongoing issue with ASB and crimÉnal activity. Working with partners to address this area was difficult and building the trust of local young people needed more time. However. the work carried out has set a foundation for further work which we are developing. Feedback regarding the artwork has been positive from all generations, many are happy to see some investment in the area ivhich has felt neglected. The artwork has enabled conversations with residents about the area and provoked an intrest in getting involved in doing other activities in the area. Community activity with stakeholders Targeted youth work Public art Lamp post banners The banners have lifted the area creating an image that the area and those livin(p here are valued. Christrnas lights The liohts had the most impact on the project feedback from residents was that they couldn't quite believe that they have Christmas lights on Arbourthorne! The sense of excitement was visible with phone calls to friends and family members to "bring the kids" you won't believe it. Conversations developed about the area and residents feedback that no one cares about Arbourthome, nothing like this ever happens and how ¢an we get involved. 20- IVIANOR AND CASTLE DEVELOPMENT TRUST LIMITED TRUSTEES, REPORT {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Feedback from businesses has been positive the investment in the area has been well received. Residents are keen to continue the development of the shopping precinct and wider area. The project has been a catalyst for further development work in the area and we are currently writing a project plan and seeking external funding to help resident improve the area and their outcomes through an a55et-based ¢ommunity development project focusing on person31 developmenL community activism. education, employment and health. The future project would lead to better economie outcomes for individuals and help to support local businesses. Harborough Avellue Project £71,119 invested Impact, Output, Benefit Number Detsii Community events Three community events have been delivered to connect the two local shopping precincts. all were well attended and were an opportunity for new residents to discover new shops and meet other residents. Public art The community artwork h&5 created a focal point and helps the new residents to the area to locate shops it has lifted the area up creating a sense of belonging through the investment. The lamppost banners link the two shopping precincts together and brighten up the are& Lamppost banners io Trees and tree lights 16 The community feel proud of the area when the Christmas trees and tree lighrs are on the shops. It gives a real sense of comrnunity. The project allowed us install two new litter bins in hot spot areas for littering. we worked with the I￿2 litter picking group to identify the best places to instsll them, the impact has been positive with the bins been used and less littering in those areas. Litter bin5 Working with the building landlords we were able to make improvements to the access doors to the flats above the shops making good the structure and adding the community artwork to tie into the larger pieces of art. Bin wap5 applied this makes the b ins more noticeable. Property refi￿bIshrnellt Bin WTaps 21 L4NOR AND CASTLE DEVELOPMENT TRUST LIMITED TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 The feedba¢k from residents and bu%iness owners has been mixed, while the community events have increased footfall and a sense of community the they also appreciate the impact the artwork has had in lifting the area up the engagement with the project and the artist has been ver). positive Both residents and shop keepers feedback has been that the project didn t go far enough when making the area accessible and safe. Consultation with residents and businesses idenrifies a need for better and Safer parking and traffic calming measures on H3rborough .4venue. Access io the shops is often difficult because of the lay out of the footpaths, lack of safe parking and speed of tralTic on the road. Partnership Working Hosting Sheffield Poverty Tntth Commission and supporting the steering group. Synergy Mental Health Allianc¢- MCDT CEO board member Sheffield Theatres cultural collaboration projects Sheffield University- Providing placements for medical students Weston Park Cancer Hospital South Yorkshire Cancer Alliance Manor After School Kids Klub Manor Parish Sheffield & Rotherham Wildlife Trust Canals and River Trust The Green Estate Dash Arts Bare Projecv English Heritage Together Housin￿ Newground Financial review - MCDT the charitablt eompaDv Operating results The trading results for MCDT reflect a more encouraging year for the organisation, reporting a surplus of £148,204 (1024: deficit £64,664). Fillancial position At 31 March 2025 total fund balances were £),045,960 of which £716,64) was restricted, and cash at bank w&8 £449,015. The freely available unrestricted funds were £373.478. Reserves policy- unrestritted funds The charitable company acknowledges the difference between cash reserves and funds as defined under Charities SORP 2015. The charitable company attetnpts to break even each year and not reduce its unrestricted funds balance. 22- MANOR AND CASTLE DEVELOPMEiYf TRUST LIMITED TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 However. unrestricted fimds will be allowed ￿ reduce and potentially become negative if it can be showi that such a course of artion is in the best interests of ail the credltors 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 unrestrlcted funds and not re5tricfrd funds. Finanei21 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 £704,358 and it5 totsl profit for 31 March 2025 was £561 167. Due to its highly gedred nature Parkway Business Centre Limited incurred interest charges of £128,757 and these interest charges were higher than those in the previous year. Net assets at 31 March 2025 were £6J4,8J l. Managing Locally Limited. a small trading subsidiary, generdted a profit of £732 for 31 March ?025. Net assets at J l March 2025 were £)09.376. It As the policy of the group that unre5trictrd 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 trustee5 considers that reserves at this level will ensure thaL in the event of a significant drop in fwiding.. they will be able to continue the group's current activities while consideration 15 8iven to wiys in which additional funds may be raised. This level of reserves has been maintained throughout the year. The trustees have assessed the major risks to which the group is exposed and are satisfied that systems are in place to mitigate exposure lo the major risks. Charity Governance Code for Larger Charities 2017 The Trustees have undertaken a comprehensive review of the Boards perforniance. measured against the Seven Principles contained in the recently published Charity Govemance Code for Larger Charilie5 9017. A Paper was presented to the Board in September 2017 with an evaluation of how the Trust Board was delivering ￿ainst the key outcomes recommended. The Board trnstees 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 aTmually. The Board are ¢ommirted to ensuring that the Community tkvelopment 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 purEX)se and structure of the development activity regularly. The Board are conllnitted to pursuing projects Complementary to our objectives and to maximise the return on our assets. MANOR AND CASTLE DEVELOPMENT TRUST LIMITED TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 The trustees, report w&% approved by the Board of Trustees. 4sL_Jt Y S Bramall Trustee 10 November 2025 24- MANOR AND CASTLE DEVELOPMENT TRUST LIMITED TRUSTEES, RESPONSIBILITIES STATEMENT FOR THE YEAR ENDED 31 MARCH 2025 The trustees. who are also the directors of Manor and Castle Development Trust Limited forthe purpose ofeompany 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 trne and fair view of the state of affair5 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 tr￿Stee$ are required to: 5¢1ect suitable accounting policies and then apply them consistently. observe the methods and principles in the Charities SORP" make judgements attd estimates that are reasonable and prudent" prepare the accounts on the going concern basis unless it is inappropriate to presume that the ¢haritsble company will continue in operation. and state whether applicable UK accounting standards have been followe(L subject to any rnaterial departures disclosed and explatned in the accounts. The trusiees 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 compl). with the Companies Act 2006. They are also responsible for safeguarding the assets of the group and hence for taking Teasonable steps for the prevention and detection of fraud and other irregularities. -25- UHY 6 Broadfield Court Broadfield Way Sheffield S8 OXF INDEPENDENf AUDITOR'S REPORT TO THE MEMBERS AND TRUSTEES OF IKANOR AND CASTLE DEVELOPIVIENT TRUST LIMITED Opinion We have audited the financtal ststements of Manor and Castle Development Trust Limited {"the charitable company") for the j'ear ended 31 March 20?5 which comprise the consolidated Statement of Financial Activities. the parent Ststement of Financial Activities, the consolidated Balance Sheet. the parent Balance Sheet, the consolidated Statement of Cash Flows, the parent Statement of Cash Flow5 and notes to the financial statements. including a summary of significant accounting policie5. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdorn Accounting Standards. including Financial Reporting Standard 10? The Financial Reporfing Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Prdctice). In our opinion. the financial statements: give a true and fair view of the state of the group and the parent charitable company's affairs as at 31 March 2025 and of its income and expenditure for the )'ear then ended; have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice. have been preptred in accordance with the requirements of the Companies Act 21M)6. 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 ststements section of our rewrt. W'e are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit ofthe 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 b&si5 for our opillion. Conclusion5 relatillg to going concer In auditing the financial statements, lye have concluded that the trustees. use of the going concern basis of accounting in the preparation of the firwicial statements is appropriate. Based on the work we have performe(L we have not identified any material uncertainties relating to events or onditions that, individually or collectively, may cast significant doubt on the charity's ability to continue a5 a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilitie5 and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report. Other inforniatioD The other infomation comprises the infonnation included in the annual report other than the financial ststements and our auditor'5 report thereon. The trustees are responsible for the other inforniation contained within the annual report. Our opinion on the financial statements does not cover the other infomation and, except to the extent otherwise explicitly stated in our report. we do not express any fomi of assurance conclusion thereon. 26- UHY INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS AND TRUSTEES OF MANOR AND CASTLE DEVELOPMENT TRUST LIMITED (CONTINUED) Our responsibility is to read the other infonnation and in doing so. Consider whether the other infom)ation is materially inconsistent with the financial statements or our know,ledge obtained in the course of the audit, or otherwise appears to be materially misstated. If ive identify such material inconsistencies or apparent material misstatements. we are required to detennine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have perforn]ed, we conclude that there is a material misstatement of this other inforniation, we are required to report that fact. We have nothing to report in this regard. Opinions oll other matters prescribed by the Comp8nie5 Act 21M)6 tn our opinion. based on the w'ork undertaken in the course of the audit= the infomiation given in the Trustees Report (incorporating the Strategic Report and the Diredors Report for the purposes of cornpan￿ law) for the financial year for which the financial statements are prepared is consistent with the financial statements. and the Trnstees Report {incorporating the Strategic Report and the Directors, Report) have been prepared in aCcOrda￿e with applicable legal requirements. 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 audiL w¢ have not identified material Missta￿Ments in the Trustees, Annual Report (including the Strategic Report). We hav¢ nothing to report in respect of the following matters in relation to whi¢h the Companies Act 2006 requires us to r¢port to you if. in our opinion.. adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us- or the financial statements are not in a￿eement with the accounttng records and returns. or certain disclosures of trustees remuneration specified by law are not made- or we have not obtsined all the information and explanations necessary for the purposes of our audit; or the trustees were not entitled to prepare the financial statements in accordance with the small compantes regime and take advantage of the small companies, exemptions in preparing the Tnjstees, Report and from the requirement to prepare a Strategic Report. Responsibilities of the trustees As explained Tnore fully in the ttvstees. responsibilities statemenl the trustees. who are also the directors of the charitable Company for the purpose of compan>. law, are responsible for the pr¢parat&on of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as they deterniine is necessary to enable the preparation of financial statements that are free from material missta*menL whether due to fraud or error. In preparing the financial statements, the trustees are responsible for &ssessino the charitable company's ability to continu¢ as a going concern, disclosing. as applicable. matters related to going concern and using the going coneern basis of accounting unless the trustees either intend to liquidate the charÉtable company or to cease operations, or have not realistic alternative but to do so. 27- UHY INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS AND TRUSTEES OF MANOR AND CASTLE DEVELOPMENT TRUST LIMITED (CONTINUED) Our responsibilities for the gudit of the financial statements Our obj¢¢tives are to obtain re&%onable assurance about whether the financial statements as a whole are free from material misstatemenL whether due to fraud or error, and to issue an auditor's report that include5 our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee thal 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 ats￿egate. they could reasonably be expected to influence the economic decisions of users taken on ihe basi5 of these financial statements. Irregularities. including fraud. are instances of nOn￿oMplianee with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including frdud. The extent to which our pr￿edureS are capable of detecting irregulartties. including fraud, is detailed below. Based on our understandin8 of the charity and the sector in which it operates, we identified the principal risks of non-compliance with laws and regulation5 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 opw)rtunities for fraudulent manipulation of the accounts (including the risk of override of controls), and deternlined that the principal risks were related to inflated revenue and the charity's net oulgoings for the year. Audit procedures included: review of the accounts disclosures to underlying supporting documentation. review of correspondence with legal advisoo review of joumals: testing of ¢ut 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 def¢￿ed income for understatement. Management were also questioned and minutes of mtttings were reviewed. There are inherent limitstions in the audit procedures described above and the fijrther removed non-compliance with laws and regulaiions is from the events and tran5action5 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 r¢sultin(F from error. as fraud may involve deliberate concealment by. for example, forgery or intentional misrepresentations. or through collusion. A further description of our responsibilitie5 for the audit of the financial statements is located on the Financial Reporting Council s website at W￿￿.fr¢.Or -uk/auditorsres nsibilities. This description fonns part of our auditor's report. Use of our report This report is made solely to the charitable company's members. as a l)ody. in awordance with Chapter J of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company'5 rnembers those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent perniitted by law. we do not accept or &ssume responsibility to anyone other than the charitable company's members as a body. for our audit work, for this repori or for the opinion5 we have formed. Micb#el Mealing (Senior Statutory Auditor) for and on behalf of UHY Hacker I"ouDg Chartered Accountants Stsiutory Auditor l O November 9025 -28- MAINOR AND CASTLE DEVELOPMEiYf TRUST LIMITED CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Unrestrtcted Restricted Total funds funds Ullrestrieted Restricted Total funds funds 2024 2025 Notes Income from: Donations and legacies Charitable activities Other trading activities Investments 458.929 510.249 806,794 1.057,846 1,001,761 38,394 294,416 939,756 445.306 683,985 483,700 978.401 939.756 ?51.052 1.001.761 Total iDcome 13?6 475 1265 723 2 59? 198 1303 803 1 1?9.?91 2 43J 094 enditure on: Raising funds Charitable activities 694,2?6 694.??6 733 444 1016 324 1 749 768 687.786 687.786 69) 9?0 1058 994 1754 914 Total resourc£s expended 1427 670 1016 324 ? 443 994 138) 706 1058 994 2 41? 700 Net (outgoings)/incoming resources before trgnsfers (101.195) 249.399 148,204 {79,￿3) 70.297 (9.606) Other recognised gains 8nd losses Transfer of property from investment properties to tangible fixed assets (55,058} (55.058) Gross transfers between fitnds ?11706 Net movement in funds 110,511 37.693 148.204 (87.?25) 22,561 {64,664) Loss on disposal of joint venture (56,707) Share of operating (lossyprofit in joint venture (56,707) Net movement Ill fund5 for the group aDd its share of joint venture 91.497 {125,347) 22,561 (102.786) Fund balances at l April 2024 2 689 718 678 950 3 368 668 2 815 065 656 389 3 471454 Fund balances at 31 March 2025 The statement of financial activities also complies with the requirements for and income and expenditure account under the Companies Act 2006. -29- MANOR AND CASTLE DEVELOPMENT TRUST LIMITED PARENT STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNr FOR THE YEAR ENDED 31 IWLKRCH 2025 Unrestricted Restricted Totsl ruDds funds 2025 Unrestricted Restricted Total funds funds 2024 Notes Illeome from: Donations and legacies Charitable activities InV￿tments 51.320 511,673 458.929 510,?49 806.794 1.328,467 445,306 483,700 683,985 1.254.635 570.6iO Total income 657 118 1 ?65 7?3 19?2 841 641 183 1 129?91 1770474 ellditure on: Charitable activities 758313 10163?4 1774637 721086 1058.994 1780 080 Tolal resources expended 758313 1016324 1774637 721086 1058 994 1780 080 Net (outgoing)lillcoming resources before traDsfers (101,195) ?49,399 148.204 (79.903) 70,297 (9.606) Other recognised gaiDS and losses Transfer of property from investment properties to tangible fixed assets {55,058) (55,058) Gr05s transfers between funds Net movement in funds 110,511 37,693 148.204 (87,225) 22,561 (64,664) Fund balances at l April 2024 1 ?18 806 678 950 1897 756 1306031 656 389 1962 420 Fund balallces at 31 March 2025 The staternent of financial activities also complies with the requirements for and income and expenditure account under the Companies Act 2006. 30- MANOR AND CASTLE DEVELOPMENT TRUST LIMITED CONSOLIDATED BALANCE SHEET AS AT 31 IKARCH 2025 2025 2024 Notes Fixed ￿set8 Tangible assets Investment properties Investments Investments in joint venture.. Share of gross assets Share of gross liabilities 13 14 15 780,105 3.939,499 769,088 3.954.08? 1.005.940 949 ?33 4,719,604 4,779,877 Current assets Stock Debtors Cash at bank and in hand 2,064 72.688 584031 1,308 216.389 393 020 17 658,783 610.717 Creditors: Smounts falling due withill one year 18 521703 Net current assets 137080 110 195 Total 45set5 less eurrent liabilities 4,856.684 4,890.072 Creditors: gmounts fallittg due after more thall one year 19 (1396519 15?1404) Net assets Income funds Restricted funds 21 716.643 678,9iO nrestricted ￿ndS Retained within the charity Retained within non-charitable subsidiaries 1.179.652 14J8 )79 2.618,Oil 1,375,104 189 1?3 2,564,227 Revaluation reserve retained within the charity 27 125 491 125 491 2 743 522 2 689 718 336866 31 MANOR AND CASTLE DEVELOPMENT TRUST LIMITED CONSOLIDATED BALANCE SHEET {coiYfiNUED) AS AT 31 MARCH 2025 The accounts were approved by the board of directors and authorised for issue on 10 November 2025 and are signed on its behalf by.. 4 sL-Jll Y S Bramall Trustee Compgny Regi5tratioD No. 3427303 MANOR AND CASTLE DEVELOPMEIYT TRUST LIMITED PARENT BALANCE SHEET AS AT 31 MARCH 2025 2025 2024 Notes Fixed assets Tangible assets Investment properties Investments 13 14 761,249 630,317 748.158 630.317 1,391,570 1.378.479 Current assets Debtors Cash at bank and in hand 17 978,741 1,040,85J 282 592 1.427,756 1.3?3,445 Creditors: amounts falling due withi one yegr 18 252 802 Net current 85set5 1 174954 1059 841 Total assets less current liabilities 2,566,524 2,438,320 Creditors: amouDts falling due after more than one year 19 540 564) Net assets Income funds Restricted funds 21 716,643 678,950 Unrestricted fi￿dS Revaluation reserve Other charitsble funds 27 1?5.491 1203 8?6 1 ?5,491 1093 315 1329317 1218 806 The accounts were approved by the board of directors and authorised for issue on 10 November 2025 and are signed on its behalf by: Lt £11 CLLI Y S Bramall Trustee Company Registration No. 3427303 33- MANOR AND CASTLE DEVELOPMENT TRUST LIMITED CONSOLIDATED CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 Notes Cash flows from operating activities Cash absorbed by operation5 293,099 (42,704) Investillg activities Purehase of tsngible fixed assets tnterest received (29.829) {46.4?2) Net cash used in illvesting activilies (7,487) (46,42?) Fillalleing activities Repajment of loans Net C95h used in financing activities {87 316) Net increasel (decrease) in cash and cash equivalent5 191.011 (176,442) Cash and cash equivalents at beginning of year 393 0?0 569 46? Cash And casb equiv¥lents at end of year MANOR AND CASTLE DEVELOPMENT TRUST LIMITED PARENT CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 Notes Cash flows from op¢r#ting activities Cash absorbed by operations 23 107,270 (155 ?70) Investillg activities Purchase of tangible fixed assets Interest received (24,971) (37,4?2) Net cash generated froml (used ID) investing activilies Net increase/ (decrease) in eash and cash equivalents 166,424 {192,692) Cash and cash equivalents at beginning of year 28? 592 475 284 Cash and cash equivalents at end of year 35- MANOR AND CASTLE DEVELOPMENT TRUST LIMITED NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting polieies Company inforniatio Manor and Castle Dep'elopment TnL8t Limited is a private company limited by guarantee. incorporated in England and Wales. The registered office is Norfolk House, Stafford Lane. ShelTield. South Yorkshire, S2 5HIi 1.1 Accoun¢ing 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 l January 2019}" The charity is a Public Benefit Entity as defined by FRS 10? 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 R￿QMMended Practice."Accounting and Reporting by Charities" The accounts are prepared in sterling, which is the functional currency of the charitable company. Monetsry amounts in these financial slatements are rounded to the nearest £. The accounts have been prepared on the historical cost conventio￿ modified to include the revaluation of freehold pr(Trp¢rties 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 fvture. Thus the trustees continue to adopt the going concem basis of accounting in preparing the accounts. IJ Ch8rit8ble funds Unrestricted funds are available for use at the discretion of the trustees in fiJrtherance of their charitable objectives unless the funds have been designated for other purposes. Restricted funds are subject to specific CQDditions by donors as tr) 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 meL 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 ha5 been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverabl¢ in relation to donations received under Gift Aid or deed5 of covenant is reeognised at the time of the donation. Grants are recognised in full in the Ststement of Financial Activities in the year in which they are receivable. 36- MANOR AND CASTLE DEVELOPMENT TRUST LIMITED NOTES TO THE Accouiyfs (COINTIIWED) FOR THE YEAR ENDED 31 IIIARCH 2025 Aecounting policies (continued) Legacies are recognised on receipt or otherwise if the group has been notified of an impending distribution, the amount is knowi. 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 nonnal course of business, nei 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 genernting funds includes those costs incU￿¢d by the group during its activities for generdting voluntary income. Charitable activities comprises those costs incurred by the group in the delivery of its activities and service5 for its beneficiaries. It &ncludes grants made to projects and individuals. costs that can be allocated directly to such activities and those costs of an indirect nature necessary to supw)rt 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 TAllgible r￿ed assets and deprecigtion Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impainnent losses. Depreciation is recognised so as to write offthe cost or valuatton of assets less their residual values over their useful lives on the following b&5es: Freehold land is not depreciated Freehold buildings Leasehold propety Plant and machinery Fixtures, fittings and equiprnent Computers and offi¢e equipment Strdight line over 50 vears Straight line over ? to 50 years JJ.JJ % straÈght line 15 % or 33.3J /0 Strdight line 33.330/0 reducing balance The gain or loss arising on the disposal of an asset is detennined as the difference between the sale proceeds and the carying value of the asseL and is recognised in net incomel(expenditure) for the year. 37- IVIANOR AND CASTLE DEVELOPMEiYf TRUST LIMITED NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies (colltillued) 1.7 Investment properties Investment property. which is prow held to ¢arn rentals an(Vor for capitsl apprectation, 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 incomel(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 &s incurred. A subsidiary is an entity controlled by the group. Control 15 the power to govern the financial and operating policies of the entity so as to obtaftn benefjts from its activities. 1.9 Impairnient of fixed assets At each reporting end date, the group reviews the carry'ing amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairnient loss. If any such indicaiion exists, the recoverable amount of the asset is estimated in order to deterniine the extent of the impairrnent1055 (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 ￿tUre cash flows are discounted to their present value using a pre-tsx 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 fitture c&sh flows have not been adjusted. If the recoverable atnount 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 im￿lrMent loss is recognised immediately in income/{expenditure) for the year, unless the relevant asset is carried at a revalued amounL in which case the irnpairnient loss is trea*d as a revaluation decrease. Recognised impaimient losses are reversed if, and only if. the reasons for the impairment loss have ceased to apply. Where an impaimient loss subsequently reverses, the carying amount of the asset is increased to the revised estimate of its recoverable arnouni but so that the increased carrying amount does not exceed the carrying arnount that would have been deterniined had no impainnent loss been reCO￿lSed for the asset in prior years. A reversal of an impaimient loss is recognised immediately, unless the relevant asset is carried in at a revalued amount, in which case the reversal of the impairnient loss is treated &8 a revaluation in¢r¢as¢. 1.10 Cash and cash equivalents Cash oJ)d cash equivalents include ¢&sh in hand, deposits held at call with banks. other short-terni 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 instrnments The group has elected to apply the provisions of Section l E "Basic Financial Instnunents" and Section 12 'Other Financial Instnllnents Issues, of FRS 102 to all of its financial instruments. Financial instruments are rrfognised when the group becomes party to the contractual provisions of the instrument. 38- MANOR AND CASTLE DEVELOPMEiYf TRUST LIMITED NOTES TO THE Accouiyfs (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting polici£s {continued) Financial assels are offseL 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 tr) settle on a net basis or to realise the a55et 8nd settle the liability simultaneously. Basic financial assets Basic financial assets, which in¢lude trade and other receivable5 and cash and bank balanees. are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interesi methi)d 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 me&%ured at fair value, which is nO￿￿llY the transaction price. Such a5s¢ts are subsequently carried ai fair value and the changes in fair value are recognised in net incomel(expenditure). except thal investments in equity instruments that are not publicly traded and ivhose fair values cannot be measured reliably are measured at cost less impairnient. Imp#irnient of fingDcial assets Financial assets. other than those held at fair value through income and expenditure, are assessed for indicators of impaimient at each reporting date. Financial assets are impaired where there is objective evidence thal, as a result of one or More events that occurred after the initial recognition of the financial as5eL the estimated future cash flows have been affeded. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated c&sh flows discounted at the asset's original effective interest rate. The impairment loss is recognised in net incomal(expenditure) for the y.ear. If there is a decrease Èn the irnpairnent Ioss arising from an event occurring after the impairment w&s reco￿lised, the impaimient is reversed. The reversal is such that the current carying amount does not exeeed what the carying amount would have been. had the impaimient not previously been recogni5ed. The impairment reversal is rewgnised in net income/(expenditure) for the yrar. Derecognition of financial assets Financial assets are derecognised only when the contrathat rights to the cash flows from the asset expire or are settled, or when the group transfers the financial asset and substsntially all the risks and rewards of ownership to another entity. or if some significant risks and reward5 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 financisl li8bilitie5 Basic financial liabilities. including trade and other payables. are initlally recognised at transaction price unless the arrangement constitutes a financing transaction. where the debt Inst￿Ment is measured at the present value of the future receipts discounted at a market raie of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortl5ed cost, using the effective interest rdte method. -39- IVL4NOR AND CASTLE DEVELOPMENT TRUST LIMITED NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies (eontinued) Trade payables are obligations to pay for go(MJs 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 le55. tf noL they are presented as n0nryeu￿ent liabilities. Trade payable5 are recognised initially at transact&on price and subsequently me&5ured at amortised cost thsing the effertive interest method. Other financi81 liabilities Derivatives, including interest rdte swaps and foTrvard foreign exchange contracts, are not basic financial instruments. Derivalives 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 fmance income as appropriate, unless hedge accounting is applied and the hedge is a cash flow hedge. Dereeognition of financigl liabiliti&% 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. Tennination benefits are reeognised immediately as an expense when the group is demonstrably committed to terniinate the ¢rnployment of an employee or to provide temiination benefits. 1.13 Retiremellt benefits Payments to defined contribution retirement benefit schemes are charged Is an expense as they fall due. 1.14 Leases Leases are classified as finance le&ses whenever the ternis of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operdting l¢&ses. Assets held under finance leases are recogntsed &% assets at the lower of the ￿set'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 25 a finance lease obligation. Le&se payments are treated as consisting of capital and interest elernents. The interest is charged to net incomeJ(expenditure) for the year so as to produce a Constant periodic rate of interest on the remaining balan¢¢ of the liability. Critical accounting estimates and judgements In the applkcation of the group's accounting policies, the trustees are required to make judgernents, 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. Th¢ estimates and underlying assumptions are reviewed on an ongoing basts. Revisions to accounting estimates are recognised in the period in which the estimate 15 revised where the revision affert5 only that period, or in the period of the revision and future peri(MJs where the revision affects both current and ￿tUre periods. There are no judgements or estimates which have a significant risk of causing a mafrrial adjustment to the carrying amount of assets and liabilities. -40- I￿oR AND CASTLE DEVELOPMENT TRUST LIlkUTED NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Income from charitable activities Group Company 2025 2024 2025 2024 Sales within charitable activities Services provided under contract Performance related grants Propety rental from charitable objects Other property income 57,7)5 737.949 ?4),193 16,099 850 87,080 684,227 187,704 15,85) 889,644 737,948 245.193 16,099 850 363,314 684,227 187,704 15,855 Analysis by fund Unrestricted funds Restricted ￿ndS 251.052 806 794 294,416 1.082,940 683 985 806 794 570,650 683 985 L£££ZL4 1254 PerforniaDee related grants Keyworker project Other trading activities Group Company 2024 2025 2024 2025 Income genernted by subsidiaries All other trading activities are unrestricted. -42- ¢>rryo MANOR AND CASTLE DEVELOPMENT TRUST LIMITED NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Charitable activities Group Company 2025 2024 2025 2024 Staff costs Depre¢iatiOD and impaimient Regeneration project costs BEST costs Sure Start costs Other project costs Premises costs Travellino costs Administraiion costs Bad and doubtfitl debts Legal and professional ftts 1.088 ?74 11.880 448,665 .086,898 11.602 429,199 .088 ?74 11,880 448,665 61.611 10.083 19.441 25.308 436 50,2?9 .086,898 11.602 435,983 4?.314 17,732 64,386 11.109 2,881 47,995 1.315 10,082 19,441 10,965 436 49204 17,732 64.386 4.?06 2,881 46.086 1.315 1.725.868 1,730,694 1.750,737 1,756.130 Grant funding of artivities {5ee note 9) Share of governance costs (see note 10) 10.000 i 0,000 10.000 10,000 74 754 780 08Q Analysis by fund Unrestricted fvnds Restrirted fim(15 733.444 1016 i24 695,920 1058 994 758,313 7?1,086 1016 324 1058 994 Grants payable Group Comp2ny 2025 2024 2025 2024 Es¢atelProperty Management Grants to institutions (I grant): The Green Estate Community Interest Comrany 10 000 io MANOR AND CASTLE DEVELOPMENT TRUST LIMITED NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 10 Governance costs Group Company 2025 2024 2025 2024 Audit and accountancy fees Analysed between charitable activities i_l Governance costs includes amounts payable to the auditors of £6,500 (20?4: £6.400) for audit fees and £7,400 (2024= £7,550) for other services. 11 Trustee5 None of the t￿￿teeS (or aThy persons connected with them) received any remunerdtion or benefits during the current or previous year. 12 Employees Number of emplovees The averd8e monthly number of employees during the year was.. Gn)up 2024 Number Company 2024 Number 2025 ]Yumber 2025 Number Regeneration and administrative staff Executive Management 35 42 35 PCA Trustees Generation of funds by subsidiaries Employment costs Group Company 2024 2025 2024 2025 Wages and salaries Social security costs (Aher pension costs 975,598 69,559 970,663 70,901 975,598 69,559 970,663 70,901 ?74 1086 89& There were no employee5 whose annual remunerdtion was £60.000 or more. 45- MANOR AND CASTLE DEVELOPMENT TRUST LIMITED NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 13 Tangible r￿ed assets Group Long leasehold building5 Freehold land and buildillgs Fixtures, rittings and equipment Total Cost or valuation At l April 2024 Additions 522.492 208,519 453,030 4.858 1.184,041 At 31 March 2025 Depreciation and impairmellt At l April 2024 Transfer froml(to) investment properties Charge for the year 3,21? 14.310 397.431 414,953 12 At 31 March 2025 Carrying amount At 31 March 2025 At 31 March 2024 At 31 March 2025, had the revalued freehold land and buildings assets been carried at historic cost less accurnulated depreciation and accumulated impairment losses, their caryying amount would have been approximately £570.671 (2024: £549,412). The freehold land and buildings of H&stilla Road were valued externally by Hale Saunders Chartered Surveyors, on an open market basis. The property was valued in September 2010 and had a valuaiion of £400,000. The trustees are of the opinion that the value at 31 March 2025 would not significantly differ from this valuation. Freehold land and buildings includes land of £400,1)00 which is not being depreciated. MANOR AND CASTLE DEVELOPMENT TRUST LIMITED NOTES TO THE ACCOUNfs (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 13 Tangible fixed &8sets (tontinutd) Company Freehold Long land and leasebold Fixtures and Office buildings buildings fittings equipment TotsI Cost or valuatio At l April 2024 Additions 5?2.492 ?08,519 48,328 15,16 794,500 At 31 M8rch 2025 Depreciation and impairnieDt At l April 2024 Transfer froml(to} investment properties Charge for the year 3.212 14.310 18.223 10,597 46,342 At 31 March 2025 Carrying amount At 31 March 2025 761249 At 31 March 2024 At J l March 2025, had the revalued freehold land and buildings assets been carried at historic cost less accumulated depreciation and accumulated impaimient losses, their carrying aMOL￿t would have been approxitnalely £570.671 (2024= £549,412). The freehold land and buildings of Ha%tilla Road were valued externally by Hale Saunders Chartered Surveyors, on an open market basis. The property wa5 valued in September 2010 and had a valuation of £400,000. The trustees are of the opinion that the value at 31 March 2025 would not significantly differ from this valuation. Fr¢ehold land and building5 includes land of £400,000 which is not being depreciated. -47- Iv￿ly0R AND CASTLE DEVELOPMEINT TRUST LIMITED NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 14 Investment property Group investment properties Company investment properties Fair value At l April 2024 TransfeT from tangible fixed assets Reclassification of investment properties to tangible fixed 355ets Fair value gains and losses on investment properties J.954.082 630,317 Market value 2t 31 Mareh 2025 The investment properties are held to provide an investment retum for the group and are held in the UK. The valuations of the investment properties in Manor and Ca5tl¢ Development Trust Limited were made in April 2010 extemally by Hale Saunders Chartered Surveyor5. on an open tnarket basis. Additions since then have been included at cost. The valuation of the inve5ttnent property in Parkway Business Centre Limited was made in June 2015 externally by Scan13ns Consultant Surveyors LLP. on an open market basis. The valuation of the investment properties in Managing IA)cally Limited were based on independent valuations. A professional valuation on some ofthe 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 investmenl properties at £7?0,000. The remaining investment property has been valued on the basis of a valuation made in June 2010 externally by Haie Saunders Chartered Surveyor5, on an open market basis. This valued the remaining investment property at £20,000. The directors review all valuations OD 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. The trustees are of the opinion that the values at 31 March 2025 would not significantly differ from this valuation. 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 £1600,WO. -48- MANOR AIND CASTLE DEVELOPMENT TRUST LIMITED NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 I¥IARCH 2025 15 Fixed assets investments Group 2025 Company 2025 2024 2024 tnvestment in subsidiaries Holdings of more thgn IO•/• The Charitable company holds more than IIPlo of the share capitavvoting rights of the following companies: Company Shares held Compgny number Class Subsidiary undertakings Parkway Business Centre Limited Managing Locally Limited 04617006 04115551 Ordinary Ordinary loo loo The company previously held votino rights in a joint venture. The Green Estate Community Interest Company. During the year ihe company joint venture wa% restructured and Manor and Castle Development Trust Limited no longer hold any voting rights. The egate amount of Capit￿ and reserves and the r¢sult5 of these undertskings for the last relevant financial year were as follows: Principal activities Capital and Reserves ProfitllLoss} for the year Parkway Business Centre Limited Property management Managing Locally Limited Property management 634,831 309,376 561,267 73? All subsidiaries are included in these consolidated accounts. which are operated to generate funds for the harity. -49- MANOR AND CASTLE DEVELOPMENT TRUST LIMITED NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 IWtARCH 2025 15 Fixed assets iDvestments (CODtinued) The results of the charitable company's subsidiaries for the year ended 31 Ma￿h ?0?5 are summarised as.. Parkivay Business Centre Limited Managing Loeally Limited Turnover Cost of sales Administrative expenses Other operating income 931,427 (193,905) (599.511) 566 347 88.760 (89,391) Operating profit 704,358 732 Fair value gains and losses on investment properties Interest receivable Interest payable {14,583) 249 1?8 757) Profit before taxation 561,267 73? Taxation Profit after t&xation Aggregate assets Aggregate liabilities 2,692.755 (2 057 924 796,308 Aggregate funds Tax losses available to carry forward against future trading profits and non-trddin8 loan relationship surpluses 31 March 2025 ) l March 2024 20 -50- MèiNOR AND CASTLE DEVELOPMENT TRUST LIMITED NOTES TO THE ACCOUNfs (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 16 FiDaDcial in$trumellts Group 2024 Company 2024 2025 2025 Carrying amount of fingncial assets Debt instruments measured at amorttsed cost Equity instruments measured at cost less impairrnent 642,986 564,38? 1.42J.674 1,276,919 Carrying amount of financial liabilities Measured al amortised cost 17 Debto Group Comp2ny 2025 2024 2025 2024 Trade debtors Amounts owed by group undertakings Other debtors Prepayments and accNed income 56.889 liO.254 44,659 930.000 117.527 875,000 1.800 1,800 Amounts owed by group undertakings include a loan to a trading subsidiary of £930.000 (including interest) (2024." £875,000}. tnterest is being charged on the loan at a rate of 20/0 above rate and there are no fixed repayment terms. 51 MANOR AND CASTLE DEVELOPMENT TRUST LIMITED NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 18 Creditors: amouDts falling due withiD one year Group 2025 Company 2025 2024 2024 Bank loans and overdrafts Trade creditor5 Other taxe5 and social security costs Other creditors Accruals and deferred income 104.1 IJ 58.491 38,877 ?58,678 93.829 90.091 32,273 198,5?3 13,534 37,375 165,151 56,958 26.100 139,793 Included in other creditors is £140,000 owed to Sheffield City Council {2024.. £120,000). Sheffield City Council has a chartse 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 Casde Development Trust group. The bank loan is secured by a fixed and floating charg¢ over the property of Parkway Business Centre Limited, valued al £2.601m. MANOR AND CASTLE DEVELOPMENf TRUST LIMITED NOTES TO THE Accouiyfs (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 19 Creditors: amounts fallillg due after more than ODe year Group Company 2024 2025 2024 202S Bank loans and overdrdfts Other creditors 683,580 71?939 788,465 732 939 540 564 Analysis of loans Not wholly repayable within five years by insfalments Wholly repayable within five years 181.46? 606231 3?4.475 557 819 787,69J 104 113 88? 294 Included in eurrent liabilities Instalments not due within five years 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 £?.601 m. Included in other creditors is £520.564 owed to Sheffield City Council (2024: £540.564). Sheffield City Council h&5 a ¢harge over the land and buildings of Managing Locally Llmited, a subsidiary company of the charity, in respect of money owed to the council by the Manor and C&stle Development Trust group. 20 Retirement benefit sthemes 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. Croup Company 2025 2024 2025 2024 Contributions payable for the year -53- IVIANOR AND CASTLE DEVELOPMENT TRUST LIMITED NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 IWiCH 2025 22 Analysis of net assets between funds Group Restricted funds Unttstricted funds Total Fund balances at 31 March 2025 are represented by= Tangible assets Investment properties Current {liabilities)lassets Long tenn liabillties 344,374 3,939.499 (664.396) 875 955 435.731 780.105 3,939,499 137.080 1396519 801.476 71 Company Restricted funds UDres¢ricted funds Totsl Fund balances at 31 March ?025 are represented by= Tangible fixed &8sets Investment propertie5 Investments cll￿ent assetsl(liabilities) Long temi liabilities 325,518 630,317 435,731 761.249 630.317 373,478 801.476 1.174.954 -55- MANOR AND CASTLE DEVELOPMENT TRUST LIMITED INOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Cssh absorbed by operatiolls Group Company 2025 2024 2025 2024 Recollciliation to changes in resources Defitit for the year 148,?04 (102,786) 148,204 (64.664) Adjustmellts for: Investment income recognised in surplus or deficit Depreciation and impairnient of [￿ed assets Share of joint ventur¢ losQ(profit) Reclassification of investment properties (22.34?) (84.125) 11.880 11.602 38,122 55,058 55.058 Movements in working capital: (Increase)IDecrease in stock (Increase)Decrease in debtors (DecreaseyIncrease in creditors (756) 143,701 (337) (89,100) 62,113 (142.272) Cgsh gbsorbed by operntio 24 FiD¥4ncial committnentsy gugrgntees 8Dd contingent liabilities The parent charity acted as the Accountable Body for the Coal and St¢¢1 Areas Integrated Developrnent 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 regenerdtion 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 a¢¢ordance 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 re- pay the clawback and MCDT can be shown to have been negligent then contractually MCDT may become liable to re-pay the clawback. Yorkshire Fonvard have a charge over the propety held in Parkway Business Centre Limited in respect of any grant income th￿ becomes repayable by the company to Yorkshtre Forward. The original amount of the Yorkshire Forward grant was £2.600,000. The trustees of MCDT do not consider that they have been negligent in any material way in respe¢t to any of these contracts. No clawback claims C￿entlY exist against MCDT. The amount of any such future potential claims camiot be reliably estimated. 56- MANOR AND CASTLE DEVELOPMENT TRUST LIMITED NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 25 Operating lease eommitments At 31 March 2025 the group had outstanding commitments for future minimum lease payrnents under non- cancellable operating leases. which fall due as follows.. Group Company 2024 2025 2024 2025 Within one year 66,290 67,438 10,607 18,000 Between two and five years Over five year5 79,053 119,1?4 145 343 ￿2 ￿7 00 26 Related parties Remunerntiott ofkey management personnel The remuneration of key management personnel is as follows: Group Company 2025 2024 2025 2024 Aggregate compensation The charity h&5 taken advantage of the exemption in Financial Rewirting Standard Number 8 from the requirement to disclose transactions with group companies on the grounds that its subsidiaries are included within these con501idated financial statements. K Crawshaw. a trustee of Manor and Castle Developrnent Trusl is also a In￿ee of Park Community Action. During the year, Manor and Castle Development Trust has invoiced Park Community Action a total of £20.85? and Park Community Action has invoiced Manor and Castle Development Tn￿t £5,814. 27 Revaluation reserve Group Company Balan¢e at l April ?024 1 ?5,491 1?5,491 Other recognised gain5 and losses: Transfer of property from investment properties to tangible fixed ￿ets (reversal of revaluation reseThe) Balance at 31 March 20?5 125491 49 -57-