Company registrats'on number: 04961223 Charity registration number.. 1135279 Thorne Moorends Regeneration Partnership known as TMRP (A company limited by guarantee) Annual Report and Flnancial Statements for the Year Ended 31 March 2024 Crozier Jones LLP Chartered Certified Accountants and Registered Auditors 9113 Thorne Road Doncaster South Yorkshire DN12HJ
Thorne Moorends Reganeration Partnership known as TMRP Contsnts Reference and Administrative Details Trustees, Report 2to6 Independent Examiner's Report 7t08 Statement of Financial Activities 9t010 Balance Sheet 11 Notes to the Financial Ststements 12to24
Thorne Moorends Regeneration Partnership known as TMRP Reference and Administrative Details Trustees Mr M Oldknow Mrs M B Taylor Mrs K Wake Mr M Wake Senlor Management I Leadership Team Mrs M Dockety, Manager Charlty Reglstration Number 1135279 Company Reglstratlon Number 04961223 The charity is incorporated in England and Wales. The Bridge Centre Bridge Street Thorne Doncaster South Yorkshire DN8 5QH Crozier Jones LLP Chartered Certified Accountsnts and Registered Auditors 9113 Thome Road Doncaster South Yorkshire DN12HJ Registered Office Independent Examlner Sollcltorn: Waring Associates LLP 354 Herringthorpe Valley Road Rotherham South Yorkshire S60 4LA Bankers HSBC S Market Place Thorne Doncaster South Yorkshire DN8 5DN Page 1
Thorne Moorends Regeneration Partnership known as TMRP Trustees, Report The trustees, who are directors for the purposes of company law, present the annual report together with the financial statements of the charitable company for the year ended 31 March 2024. Objectives and actlviti88 Objects and aims Per the governing document the objects of the charity shall be the promotion for the public benefit of urban and rural regeneration in areas of social and economic deprivation, and in particular Thorne Moorends, in the melropolitsn borough of Doncaster, and surrounding area (the "area of benefit.) by all of any of the following means: The relief of poverty in such ways as may be thought fit The relief of unemployment in such ways as may be thought fit, Including assistance to find employment The advancement of education, training or retraining, or business advice or consultancy in order to provide training and employment opportunities for employed people in cases of financial or other charitable need through help in setting up their own business, or to existing businesses. The creation of training and employment opportunities by the provision of workspace, buildings andlor land for use of favourable terms. The maintenance, improvement or provision of public amenities. The preservation or assistance in the provision of recreational facilities for the public at large andlor those who, by reasons of their youth, age, infirmity or disablement, poverty or social and economic circumstances, have need of such facililies The protection or conservation of the environment Assisting in the provision of public health facilities and childcare The promotion of public safety and prevention of crime Such other means as may from time to time be determined. Thorne Moorends Regeneration Partnership is an independent, non political organisation, whose aim is to promote regeneration for the public benefit in Thorne Moorends where social and economic deprivation exists. Thorne Moorends Regeneration Partnership is working to deliver regeneration projects as identified in the Local Community Action Plan and to achieve sustainability, working alongside the local community to develop new projects, and build capacity through training and development. It is our goal to make Thorne Moorends a better place to live and work both now and for future generations. All our charitable activities are undertaken to further our charitable purpose for the public benefit. Public benefit When planning the activities for the year the trustees have considered the Commission's guidan on the public benefit. The activities described above and in the achievements and performance section of the report show how the charity has delivered positive change to the benefi'ciaries of the charity and to the community in general. Page 2
Thorne Moorends Regeneration Partnarship known as TMRP Trust8es' Report The trustees confim that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales. Achievements and performance Thorne Moorends Regeneration Partnership have had another extremely successful year. We have continued to build on our self sustainability and have achieved exlIent project and financial results. Outlined below are some of our projects in the year 2023124. Information, Advice and Guidance Thorne Moorends Regeneration Partnership is continuing to build on the number of people accessing services, training and advice. We strive to assist visitors wherever possible and if we do not have the resources we are able to direct people to the appropriate services available to meet their needs and ensure their access to them e.g. help for the disabled, benefit advice, alcohol services, employment training and drug rehabilitation. Property Rental - In the current economic climate our tenants are extremely important to Thorne Moorends Regeneration Partnership's self sustsining goal. All our tenants continue to be extremely pleased with their workspace. Tenants continue to provide excellent service to our community. Thorne Moorends Community Radio continue to use the building on a rent free basis. Community Grants A budget 15 allocated annually to financially support local organisations that benefit the community; applications are open to all such groups in the area. Job Club - A club for anyone who is seeking help to support them into employment. Attendees are assisted with writing CV'S, setting up email accounts, job searches and applications online. Thorne Moorends Regeneration Partnership fund training where necessary. IT Training Thorne Moorends Regeneration Partnership continues to offer a basic IT course to all residents of Thorne and Moorends. The course is tailored to suit their requirements, with one to one tuition available, and provides guidance on email, internet searches, using the internet to apply for jobs and CV writing. Volunteers - Thorne Moorends Regeneration Partnership continue to support and develop volunteers. All volunteers are offered both informal and accredited training. We have up to five volunteers working with us at any one time, gaining work experience in administration, reception and retail roles. All volunteers are offered accredited training, including first aid, business administration and customer service. Flnanclal revlew During the year income increased by approximately £185,000 compared to 2023, partly due to a £8,000 increase in rental income but mainly due to the £180,000 increase in the release of deferred income relating to a capital grant received in 2008. Expenditure was similar to 2023. The SOFA shows total incoming resources of £296,090 (2023: £110,181) and total expenditure of £123,967 (2023.. £123,320) resulting in a surplus of £172,123 (2023.. deficit of £13,139)- Page 3
Thorne Moorends Regeneration Partnership known as TMRP Trustees. Report Pollcy on rerVeS The trustees have established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets held by the charity should be at least six months of the resources expended. At these levels the trustees feel that they would be able to continue the activities of the charity in the event of a drop in funding or income, without the need to dispose of assets. At the balance sheet date the net current assel reseNes were £118,794 (2023: £93,590) which represents approximately eleven and a half months of resources expended in the year ended 31 March 2024 on a pro-rata basis. Although above the reserves target, the board do not consider this to be excessive given the small deficits in recent years. Structure, governance and management Nature of govemlng documont The charity is constituted as a Company Limited by Guarantee. The company was incorporated on 12 November 2003 and became a registered charity on 29 March 2010. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the company being wound up the members are required to contribute an amount not exceeding £1. Recruitmont and appointment of trustees The charity is governed by a board of trustees who carry out their role on a voluntary basis. They are responsible for policy making and for setting the strategic direction of the organisation. Anyone can become a trustee and candidates are considered for appointment at the quarterly board meetings. Inductlon and training of trustees All directors, employees and volunteers are given all the relevant advice and information to enable them to carry out their duties. Indemnity insurance In accordance with normal commercial practice the charity has purchased insurance to protect trustees and officers from claims arising from negligent acts, errors or omissions occuring whilst on charity business. The cost of this insurance in the year was £106. Page 4
Thorne Moorends Regeneration Partnarship known as TMRP Trustees. Report Major risks and managament of those risks General Risks Major risks to the charity have been idents'fied by the trustees and reviewed. Systems are in place to mitigate those risks. Risks are minimised through the close involvement of trustees and their regular meetings with the charity's employees. Statemont of trustses, responslbllltl88 The trustees (who are also the directors of Thorne Moorends Regeneration Partnership for the purposes of company law) are responsible for preparing the trustees, report and the financial statements in accordan with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including its income and expenditure, of the charitsble company for that period. In preparing these financial statements, the trustees are required to.. select suitable accounting policies and apply them consistently- observe the methods and principles in the Charities SORP 2019 {FRS102) make judgements and estimates that a reasonable and prudent., state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements., and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business. The trustees are responsible for keeping proper accounting records that can disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. Small companies provlslon statement This report has been prepared in accordan with the small companies regime under the Companies Act 2006. Page 5
Thorne Moorend8 Regeneration Partnership known as TMRP Trustses, Report The annual report was approved by the trustees of the charity on .ILt....KQ..l. and signed on its behalf by.. Mr M Oldknow Trustee Page 6
Thorne Moorends Regeneration Partnership known as TMRP Independent Examinerfs Report to the trustees of Thorne Moorands Regeneration Partnership ('the Company.) I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2024. Re8ponsibllltles and basis of report As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act,). Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act,). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(bl of the 2011 Act. Indepèndent examlner's statement Since the Company's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am a member of Association of Chartered Certifi'ed Accountants, which is one of the listed bodies. I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe: 1. accounting records were not kept in respect of Thorne Moorends Regeneration Partnership as required by section 386 of the 2006 Act., or 2. the accounts do not accord with those records,. or 3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair view, which is not a matter considered as part of an independent examination; or 4. the accounts have not been prepared in accordance wilh the methods and principles of the stalement of Recommended Practice for accounting and reporting by charities [8pplicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102}1. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Page 7
Thorne Moorends Regeneration Partnership known as TMRP Independent Examiner's Report to the trustees of Thorne Moorends Regeneration Partnership ('the Company,) MA(C nt Association of Cha bl FCCA ACA ATII d Certified Accountants Crozier Jones LLP Chartered Certified Accountants and Registered Auditors 9113 Thorne Road Doncaster South Yorkshire DN12HJ J-lk, IO. I* Page 8
Thorne Moorends Regeneration Partnership known as TMRP Statement of Financial Activities for the Year Ended 31 March 2024 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses) Total 2024 Unrestricted Note Income and Endowments from: Donations and legacies Charitable activities other trading activities Investment income 100 293,763 170 2,057 100 293,763 170 2,057 Total Income 296,090 296,090 Expendlture on: Raising funds Charitable activities (193> 123,774 (193) 123,774 Total Expenditure Net income 123,967 123,967 172,123 172,123 Net movement in funds 172,123 172,123 Reconclllatlon of funds Total funds brought forward Totsl funds carried forward 146,558 146,558 21 318,681 Unrestrlcted funds 318,681 Total 2023 Note Income and Endowments from: Charitable activities Other trading activities Investment income 105,775 3,896 510 105,775 3,896 510 Totsl income 110,181 110,181 Expendlture on: Raising funds Charitable activities (3,065) (120,255 (3,065) 1120,255 Total expenditure 123,320 123,320 Net expenditure 113,139 13,139 Net movement in funds 113,139) (13,139) Reconciliation of funds Total funds brought forward 159,697 159,697 The notes on pages 12 to 24 form an integral part of these financial statements. Page 9
Thorne Moorands Regeneration Partnership known as TMRP Ststement of Financial Activities for the Year Ended 31 March 2024 (Including Income and Expenditure Account and Ststement of Total Recognised Gains and Losses) Unrestrlcted funds Total 2023 Note Totsl funds carried forward 21 146,558 146,558 All of the charity's activities derive from continuing operations during the above t0 periods. The notes on pages 12 to 24 form an integral part of these financial statements. Pa9e 10
Thorne Moorends Regeneration Partnership known as TMRP (Registration number: 04961223) Balance Sheet as at 31 March 2024 2024 2023 Note Fixed assets Tangible assets 14 199,887 226,370 Current a888ts Stocks Debtors Cash at bank and in hand 15 16 17 1,835 13,623 124,144 1,992 13,724 126,885 142,601 139,602 Creditor8: Amounts falllng due wlthln one year Net current a88ets 18 20,808 49,011 118,794 93,590 Total assets loss current liabiliti08 318,681 319,960 Creditor8'. Amounts falllng due after more than one year 19 Net assets 173,402 318,681 146,558 Funds of the charity: Unrestrlcted income funds Unrestricted funds 318,681 146,558 Total funds 21 318,681 146,558 For the financial year ending 31 March 2024 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Directors, responsibilities- The members have not required the charity to obtaln an audit of its accounts for the year in questlon in accordance with section 476., and The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. The financial statements on pages g to 24 were approved by the trustees, and authorised for issue on .1.. le4..F.. and signed on their behalf by.. Mr M Oldknow Trustee The note5 on pages 12 to 24 form an integral part of these financial statements. Page 11
Thorne Moorends Regeneration Partnership known as TMRP Notes to the Financial Statements for the Year Ended 31 March 2024 1 Charlty status The charity is limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the trustees is liable to Gontn'bute an amount not exceeding £1 towards the assets of the charity in the event of liquidation. The address of rts registered office is.. The Bridge Centre Bridge Street Thorne Doncaster South Yorkshire DN8 5QH Authorised for issue date 2 Accountlng pollcles Summary of significant accountlng pollci08 and key accountlng estlmat85 The principal accounts'ng policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise staled. Statement of compllance The financial ststements have been prepared in accordance with Accounting and R8POrting 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)) (issued in October 20191- (Charities SORP {FRS 102)), Ihe Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. Basls of preparation Thorne Moorends Regeneration Partnership meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the levant accounting policy notes. Going concern The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern nor any signifi'cant areas of uncertainty that affect the carrying value of assets held by the charity. Income and endowments All income is recognised On the charity has entitlement to the income, it is probable that the income will be received and the amount of the income re1vable can be measured reliably. Page 12
Thorne Moorends Regeneration Partnership known as TMRP Notes to the Financial Ststements for the Year Ended 31 March 2024 Donatlons and lagacles Donations are recognised on a receivable basis when receipt is probable and the amount can be reliably measured. Grants recelvable Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance condits'ons are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released. Doferred Income Deferred income represents amounts received for future periods and is released to incoming resources in the period for which, it has been received. Such income is only deferred when.. The donor specifies that the grant or donation must only be used in future accounting periods" or The donor has imposed conditions which must be met before the charity has unconditional entitlement. Investmont Income Dividends are recognised once the dividend has been declared and notification has been received of the dividend due, and in the case of interest income on a receivable basis. Expenditure All expenditure is recognised once there is a legal or constructs've obligation to that expenditure, it is probable settlemenl is required and the amount can be measured reliably. All costs are allocated to the applicable expendilure heading that aggregate similar costs to that category Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent wilh the use of resources. Ralslng funds These are costs Incurred in attracting voluntary income, the management of investments and those incurred In trading activities that raise funds. Charlt8ble activities Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. Governance costs These include the costs attributsble to the charity's Complian with constitutional and statutory requirements, including independent examination, strategic management and trustees meetings and reimbursed expenses. Irrecoverable VAT Irrecoverable VAT is charged against the category of reSoUrS expended for which it was incurred. Page 13
Thorne Moorends Regeneration Partnership known as TMRP Notes to the Financial Ststements for the Year Ended 31 March 2024 Taxatlon The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes. Tanglble flxed assets Individual fixed assets costing £500.00 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Depreciation and amortlsatlon Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows: Asset class Freehold interest in land and buildings Fixtures and fittings Depreclatlon method and rate 25 years on a straight line basis 20°h per annum on a reducing balance basis 250/0 per annum on a reducing balance basis Office equipment Stock Stock is valued at the lower of cost and estimated selling price less costs to complete and sell, after due regard for obsolete and slow moving stocks. Cost is determined using the first-in, first-out (FIFO). Trade debtors Trade debtors are amounts due from customers for merchandise sold or ser¥ices perfomed in the ordinary course of business. Trade debtors are recognised at the settlement amount less any provision for impairment. A provislon for the impairment of trade debtors is established when there is objeclive evidence that the charity will not be able to collect all amounts due according to the original terms of the re1vable$. Cash and cash equivalents Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. Page 14
Thorna Moorends Regeneration Partnership known as TMRP Notes to the Financial Statements for the Year Ended 31 March 2024 Trade creditor8 Creditors and provisions are recognised when there is an obligation at the balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Creditors and provisions are normally recognised at their settlement amount. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the charity does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least e1ve months after the reporting date. If there is an unconditional right to defer settlement for at least e4Ve months after the reporting date, they are presented as non•current liabilities. Fund structure Unrestricted income funds are general funds that are available for use at the trustees discretion in furtherance of the objectives of the charity. Pensions and other post retlrement obllgatlon6 The charity operates a defined contribution pension scheme which is a pension plan under which fixed contributions are paid into a pension fund and the charity has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to Pay all employees the benefits relating to employee service in the current and prior periods. Contributions to defined contributs'on plans are recognised in the Statement of Financial Activities when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment. 3 Income from donations and legacle8 Unrestrlcted funds General Total funds Donations and legacies., Donations from individuals 100 100 Total for 2024 100 100 Page 15
Thorne Moorends Regeneration Partnership known as TMRP Notes to the Financial Statements for tha Year Ended 31 March 2024 As noted in the trustee report, the charity benefi'ts from the services of volunteers for whcih it is grateful. In accordance with the charity SORP, the value of services provided by volunteers is not quantified nor included in the accounts. 4 Income from charltable activities Unrestricted funds General Total funds Community regeneration Total for 2024 293,763 293,763 293,763 293,763 Total for 2023 105,775 105,775 5 Income from other trading activities Unrestrlcted fund8 General Total funds Trading income., Sales of goods and services 170 170 Totsl for 2024 170 170 Total for 2023 3,896 3,896 6 Investment Income Unrestrlcted funds General Total funds Interest receivable and similar income., Interest receivable on bank deposits 2,057 2,057 Total for 2024 2,057 2,057 Total for 2023 510 510 Page 16
Thorne Moorends Regeneration Partnership known as TMRP Notes to the Financial Statements for the Year Ended 31 March 2024 7 Expenditure on ralslng funds a) Costs of tradlng actlvltles Unrestrlcted funds General Total funds Note Costs of goods sold Total for 2024 193 193 193 193 Totsl for 2023 3,065 3,065 8 Expendlture on charitable actlvltle8 Activity undertaken dlrectly Actlvlty support C08ts 2024 Wages and salaries Staff pensions (employers) Rates Light, heat and power Insurance Repairs and maintenance Community activities funded Cleaning Depreciation of freehold propety Depreciation of fixtures and fi'ttings Telephone and fax Printing, postsge and ststionery Sundry expenses Legal and professional fees Bank charges Depreciation of office equipment 51,823 957 3,606 10,586 2,882 7,383 51,823 957 3,6C6 10,586 2,882 7,383 14,457 1,474 26,141 248 736 376 853 895 99 14,457 1,474 28,141 248 736 376 853 895 99 14,457 108,153 122,610 Page 17
Thorne Moorends Regeneration Partnership known a8 TMRP Notss to the Financial Statements for the Year Ended 31 March 2024 Activity undertaken directly Activlty support costs 2023 Wages and salaries Staff pensions (employers) Rates Light, heat and power Insurance Repairs and maintenance Community activities funded Cleaning Depreciation of freehold property Depreciation of fixtures and fittings Telephone and fax Printing, postage and stationery Sundry expenses Travel and subsistence Legal and professional fees Bank charges Depreciation of office equipment 51,842 g75 1,870 10,638 2,758 4,782 51,842 975 1,870 10,638 2,758 4,782 14,256 1,370 26,141 309 1,300 996 605 164 840 186 125 14,256 1,370 26,141 309 1,300 996 605 164 840 186 125 14,256 104,901 119,157 Page 18
Thorne Moorends Regeneration Partnership known as TMRP Notes to the Financial Statements for the Year Ended 31 March 2024 9 Analys18 of govemance and support costs Governanc8 costs Unrestrlcted funds General Total funds Independent examiner fees Examinats'on of the financial statements Other fees paid to examiners 650 514 650 514 Total for 2024 1,164 1,164 Total for 2023 1,098 1,098 10 Net Incomlngloutgoing resource8 Net incomingl(outgoing) resources for the year include: 2024 2023 Depreciation of fixed assets 26,483 26,575 11 Trustees remuneratlon and expenses No trustees, nor any persons connected with them, have received any remuneration from the charity during the year. No trustees have received any reimbursed expenses or any other benefits from the charity during the year. 12 Staff costs The aggregate payroll costs were as follows: 2024 2023 Staff costs durlng the year were.. Wages and salaries Pension costs 51,823 957 51,842 975 52,780 52,817 The monthly average number of persons (including senior management I leadership team) employed by the charity during the year expressed as full time equivalents was as follows= Page 19
Thorne Moorend8 Regeneration Partnership known as TMRP Notes to tha Financial Statamants for the Year Ended 31 March 2024 2024 No 2023 No Charitable activities No employee received emoluments of more than £60,000 during the year. Page 20
Thorne Moorends Regeneration Partnership known as TMRP Notes to the Financial Statsments for the Year Ended 31 March 2024 13 Taxatlon The charity is a registered charity and is therefore exempt from taxation on charitable income or gains applied to charitable purposes. 14 Tangible fixed assets Land and bulldlng8 Fumlture and equipment Totsl Cost At 1 April 2023 653,539 46,896 700,435 At 31 March 2024 653,539 46,896 700,435 Depreclation At 1 April 2023 Charge for the year At 31 March 2024 428,774 26,141 45,291 342 474,065 26,483 454,915 45,633 500,548 Net book value At 31 March 2024 198,624 1,263 199,887 At 31 March 2023 224,765 1,605 226,370 15 Stock 2024 2023 Stocks 1,835 1,992 16 Debtors 2024 2023 Trade debtors Prepayments 13,004 619 13,005 719 13,623 13,724 17 Cash and cash equivalents Page 21
Thorna Moorends Reganeration Partnership known as TMRP Notes to the Financial Statements for the Year Ended 31 March 2024 2024 2023 Cash on hand Cash at bank Short-term deposits 51 6,510 117,583 124,144 1,363 4,997 120,525 126,885 18 Creditors: amounts falllng due wlthln one year 2024 2023 Trade creditors Other taxation and social security Other creditors Accruals Deferred income 1,661 468 24 2,484 16,171 20,808 2024 584 463 2,095 45,869 49,011 2023 Deferred income at 1 April 2023 Resources deferred in the period Amounts released from previous periods 219,271 16,171 219,271) 16,171 243,076 15,869 39,674 Deferred income at year end 219,271 Deferred income relates to income received in advance of entitlement or time-restricted income which relates to future accounting periods. Deferred income at 31 March 2023 included a proportion of a capitsl grant which was deferred in an earlier accounting period and was being released in line with depreciation. In the current period, this has been released in full in accordan with the requirements of the SORP to account for grants using the performan model. 19 Creditors: amounts falllng due after one year 2024 2023 Deferred income 173,402 20 Operating leases Mlnlmum operating lease Income Total future minimum lease receipts under non-cancellable operating leases are as foll0v. Page 22
Thorne Moorends Regeneration Partnership known as TMRP Not8s to the Financial Statements for the Year Ended 31 March 2024 2024 2023 Land and buildings Within one year 7,035 5,985 Page 23
Thorne Moorends Regeneration Partnership known as TMRP Notes to the Financial Statements for the Year Ended 31 March 2024 21 Fund8 Balance at 1 April 2023 Incoming resources Resources expendod Balance at 31 March 2024 Unrestrlcted funds General Community regeneration 146,558 296,090 (123,967) 318,681 Balance at 1 April 2022 Incomlng re80urces Resources expended Balance at 31 March 2023 Unrestrlcted funds General Community regeneration 159,697 110,181 1123,320) 146,558 22 Analysis of net assets between fund8 Unrestrlcted funds General Total funds at 31 March 2024 Tangible fixed assets Current assets Current liabilities 199,887 139,602 20,808> 318,681 199,887 139,602 20,808 Total net assets 318.681 Unrestricted funds General Total funds at 31 March 2023 Tangible fixed assets Current assets Current liabilities Creditors over 1 year Total net assets 226,370 142,601 (49,011) (173,402) 146,558 226,370 142,601 (49,011) (173,402) 146,558 23 Related party transactions There were no related paty transactions in the year. Page 24
Thorne Moorends Regeneration Partnership known as TMRP Detailed Ststsment of Financial Activities for the Year Ended 31 March 2024 Total 2024 Totsl 2023 Income and Endowments from: Donations and legacies (analysed below) Charitable activities (analysed below) Other trading activities (analysed below) Investment income {analysed below) Total income 100 293,763 170 2,057 105,775 3,896 510 296,090 110,181 Expendlture on: Raising funds (analysed below) Charitable activities (analysed below) Total expenditure (193) 123,774 (3,065) 120,255 123,967 123,320 Net incomel(expenditure) Net rnovement in funds 172,123 13,139} 172,123 (13,139) Reconclllatlon of fund8 Total funds brought forward Total funds carried forward 146,558 159,697 318,681 146,558 This page does not form part of the ststutory financial statements. Page 25
Thorne Moorands Regeneration Partnership known as TMRP Detsiled Ststement of Financial Activities for the Year Ended 31 March 2024 Total 2024 Total 2023 Donations and legacies Appeals and donations 100 100 Charitable actlvltles Rental income Other income Grants receivable 89,461 900 203,402 81,470 500 23,805 293,763 105,775 Other tradlng activities Sales of purchased goods 170 3,896 170 3,896 Investment income Interest on cash deposits 2,057 510 2,057 510 Ralslng funds Purchases 193 3,065 3,065 193 Charltable activitles Wages and salaries Staff pensions (Defined contribution) Rates Light, heat and power Insurance Repairs and maintenance Community activities funded Cleaning Depreciation of freehold property Depreciation of fi'xtures and fittings Telephone and fax Printing, postsge and stationery Sundry expenses Travel and subsistence Legal and professional fees Bank charges 51,823 957 3,6C6 10,586 2,882 7,383 14,457 1,474 26,141 248 736 376 853 51,842 975 1,870 10,638 2,758 4,782 14,256 1,370 26,141 309 1,300 996 605 164 895 99 186 This page does not form part of the statutory financial statements. Page 26
Thorne Moorends Regeneration PartnerJhip known as TMRP Detailed Statement of Financial Activities for the Year Ended 31 March 2024 Total 2024 Total 2023 Depreciation of office equipment Accountancy fees Independent examinerfs fee 125 483 615 514 650 123,774 120,255 This page does not form part of the statutory fi'nancial statements. Page 27