ST PAUL'S COMMUNITY DEVELOPMENT TRUST
(LIMITED BY GUARANTEE)
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31st MARCH 2024
REGISTERED CHARrrY NO. 508943
Company Number 01429707

ST PAUL'S COMMUNITY DEVELOPMENT TRUST
Limited b Guarantee
CONTENTS OF THE FINANCIAL sTATEmE￿s
FOR THE YEAR ENDED 31st MARCH 2024
Page
Legal and Adminislrative Information
Report ol Ihe Trustees
Report of the Auditors
10-12
Slalement of Financia5 Activilies
13
Balance Sheel
14
Cashflow Stalemenl
15
Notes lo the Cashllow Slatemenl
16
Notes forming part ol the Financial Statements
17-26

ST PAUL'S COMMUNITY DEVELOPMENT TRUST
Llmlted b Guarantee
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31st klARCH 2024
LEGAL AND ADMINISTRATIVE INFORMATION
FOR THE YEAR ENDED 31st MARCH 2024
Trustees
Pat Wing
Mark Riley
Nicholas Shepherd
Glare Reardon
Paul Chew
Miles Parker
Elaine Meredith
Amy Lassman
Kashaf Ali
Chair
(Resigned 31 Sl August 20231
Homrary Treasurer
(Resigned 25tn March 2024
{Resigned 31 $1 August 20231
Chlef Executlve
Lisa Martinali
Secrelary
Elaine Hanrahan
Registered Office
Sl Paul's Cenlre
Hertford Street
Balsall Healh, Birmingham B12 8NJ
Auditors
Thomas & Young Limited
Carleton House
266-268 Slrattord Road
Shirley, Solihull
West Midlands B90 3AD
Bankers
Lloyd TSB Bank p
32-34 Alcester Road South, Kings Heath, Birmingham B14 7PU
United Trust Bank Limited
80 Haymarket, London SW1Y 4TE
Sollcltors
Shakespeares
Somerset House
Temple Streel. Birmingham B2 5DJ
Company Number 01429707
Page 1

ST PAUL'S COMMUNrrY DEVELOPMENT TRUST
Limited b Guarantee
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31st MARCH 2024
The Trustees. who are also Directors ol Ihe Charity for Ihe puwses of ihe Companies Act 2006, subrnit their Annual
Report and Audited Financial Stalements for the year er￿ed 31 st March 2024
The Financial Slalemenls comply with the Charilies Act 2011, the Companies Act 2006, the Memorandum and
Articles of Association, and Accounting and Reporting by Charilies.. Stalement ol Recommended Practice applicable
to charities preparing their accounts in accordance wilh the Financial Reporting Standard applicable in the UK and
Republic of Ireland IFRS1021 leffeclive 1 $t October 2019).
Purpose and Aims
Our Charity's purpose, as set out in Ihe objects conlained in the Company's Memorandum of Association, is to benefit
the public by providing educational, leisure, arts and cuHural activities to all those in Balsall Heath and surrounding
areas bul especially for children and young adults.
The airns of our Charity are to improve the quality of lrfe for all those in Balsall Heath and surrounding areas by
promoting physical, mental and spiritual wellbeing.
The Trustees confirm that Ihey have complied with the duly in Section 4 of the 2011 Charities Act to have due regard
lo guidance published by the Chariiy Commission. including public benefit guidance, when reviewing the Trust's aims
and objectives and in planning lulure aclivilies.
Ensurlng We Achieve our Aims
Each year we monitor our aims and objeclives for each area ol the Trust by evalualing the outcomes of our services
provided lo see il we are benefiting those who use Ihem or have access to them.
Achlevemenls and Performance
This has been an exciting year for the Trust, with a new CEO. focussing upon on-going developments ot delivery,
reviewing new contracts, securing new funding to support activities and embedding new systems and Irameworks lo
ensure Sl Paul's is a slronger organisation. A focus upon a strategic review has provided a plalform lo re-engage
with stakeholders to inform our direction of travel lor the future. This. alongside our branding work will provide the
leap needed to rnove the charity forward. This year we developed an Annual Plan which set out our headline priorities
for the year. along with corporate KPI'S and increased reporting on key governance requirements. This enabled a
clear focus for the year ahead. driving purpose and continuous improvement.
The environment in which Sl Paul's operales rernains challenging, yel we have continued to secure new areas of
delivery and build our offer. Operating within the Birmingham context has its difficulties, however, also opportunities
as the vibrant VCFSE sector and diversity of the city adds to its richness. We are proud lo continue to operate as a
communiiy anchor organisation, whilsl also managing our cily-wide remit of our independenl education setting.
Our provision falls within the following direclorales=
Sl Paul's Independent School and posl-16 Education Centre
Birmingham Forward Steps- early years prowsion
Day Care Children's Nursery
Balsall Heath City Farm
Communtty Hubs - Venture Hall hosting health and well-being. yOLrth and out of school provision
Support Services - back-office provision
Company Number 01429707
Page 2

ST PAUL'S COMMUNITY DEVELOPMENT TRUST
Limited b Guarantee
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31st MARCH 2024
St Paul's Specialist School and Post 16 Educatlon Cenlre
This year we have continued lo meet the demand lor SEMH provision with all our 55 pupil places being taken up at
our school and Post- 16 sites. The support requirements of our pupils are complex, and we continue to aim lo meet
their needs, working with other providers, and partners. A review of our offer has taken place and we have identified
areas lor development. There has been a strong focus upon improvemenl this year, which has been supported by
exlernal support. We are clear about our improvement priorities and are developing this lurther in the year ahead.
Our offer is complemented by alternative provision including construction, mechanics. hair and beauty. landscaping,
and childcare. We also have supwrt from a regular visiting Behaviour Mentor and Educalion Psychologist lor our
pupils. Despite the challenges we are pleased that a small number of pupils took their GCSE exams. with most of
our cohort continuing lo focus upon vocational qualilications and functional skills.
Blrmlngham Forward Steps
We have continued to achieve great results as a member of our Hall Green and wider Birmingham FoNard Steps
partnership. This year there was a locus upon the contracl renewal which we are pleased to say was approved unlil
February 2027. Alongside this is the focus upon re-modelling lo meel the wider agendas ol 0-19 years offer and Ihe
launch of Family Hubs. We continue to work with partners to achieve the best oulcomes for families and children
within the district. Our performance remained slrong and for some indicalors exceeded the larget with positive results
in achieving child development checks, delivering family support, and engaging parentslcarers in targeted
programmes such as HENRY healthy eatingililestyles and the Freedom Programme. Infant breastteeding and
perinatal support remained a priority to enable infomiation. advice and guidance for soon to te or new parents.
This year we also launched Sl Paul's Children's Centre as the main Family Hub in Hall Green, working with our
partneTship colleagues at The Springfield Project lo increase our ofler, SUPPOrt access lo other services and develop
a more responsive provision for wider families. This will continue to develop during 2024-25.
Day Care Chlldren's Nursery
Our day care nursery continued lo provide affordable childcare 161 children within the l¢xal community. With the
implemenlation of new government funding planned for 2024-25 we spent time evaluating the impact for children
and how we need lo reswnd as a provider whilst maintaining aflordabiltty. The positive relationship with our
parenlslcarers continues Wlth the majority attending stay and play sessions throughout the year, nursery graduation
in July 2023 and Chrislmas sing-a-long in December 2023. Ensuring children are school ready is crucial to providing
the best start in life and reducing inequality. and we are pleased we SUPF)Ort children lo be in a good position for the
start of iheir school year. We were successtul in Securi￿ additional funding for play resources for the nursery which
have aided leaming and developmenl, alongside accessing our city farm and a range ol environmental sessions.
Balsall Heath City Farm
Our cily farm provides a sanctuary lor many of our users. An opportunity to connect with nalure and the animals,
exploring, learning new skills and knowledge, and building positive relationships with others. Our regular sessions
are well attended, our communty evenls attract people from all walks of life, and focus upon reducing srtial isolation.
This leads to many of our volunteers engaging in wider Trust activities and supporting our broader purpose. We have
continued lo host visits, community groups and provide a much-loved and calming learning environment lor our
school pupils. Regular activities also include Tiny Farmers. ComtKJSt Culture, gardening groups, sessions with Fruit
and Nut and wider community access.
Our hosting of work experience evidenced that l 00% achieved posrtive outcomes. A win-win for young people and
support for the farm in undertaking daily delivery. This year we experienced a further break in and theft of animals
which has saddened stalf. users and volunteers. However, we have remained resilient. and improved security further
working wilh local cornpanies lo develop a more secure site and animal Fens.
Company Number 01429707
Page 3

ST PAUL'S COMMUNITY DEVELOPMETrrr TRUST
Limited b Guarantee
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31st MARCH 2024
Community Hubs- Venture Hall
Our community Hub remains a safe place for people to visit. build connections, and access new opportunities. Capital
works were finalised improving the environment lor Iccal users and employees. We continue to hosl other community
groups. alongside our own offer, which support local ￿Ople and build their confidence and skills. The range of
activity cater5 for various groups and needs and includes creative writing sessions via 'Whal's Your Story. group.,
Amal Creative Women supporting Yemeni females through arts and language sessions;
Chai & Chal, for older
residents,. and the continued offer ol Warffl Spaces for ihose wanting to access a drink, warmth and socialise. We
were also able lo provide a Food bank over the winter months wth city council furKling.
This year we also secured some funding io develop a Youth Sports Network for Balsall Heath and Sparkbrook. This
provided resources lo develop school holiday and weekend programmes for young people. Including consullalion
with local youths. Again. opening new activilies such as roller-skaling and basketball with inclusive sessions. Our on-
going delivery during school holidays was supported by the Holiday Activity Fund enabling up to 150 children lo
access good quality holiday club and food.
Our Balsall Heath Well-being Network held quarterly meetings, and we are keen to link into the priorilies identified
by the Integrated Care Board in our locair(y. Our on-going focus upon well-being has supported the development ol
an Angling Group supporting Young People affecled by rnenlal health to reap the benefits ol fishing, using local
comrnunily assets.
Our Out ol School service continues wilh strong numbeTS of chikyren accessing excellent qualily provision and we
were extremely pleased lo receive a successful Olsted visit with high praise lor our service within the report,
maintaining the standard of 'Oulslanding'.
Support Services
Our Support Services include HR, IT, Facililies Management, and Finance. The infra-slructure support is critical to
ensure the success ol tronl-line provision and contributes to the se￿ice-USer experience.
There have been significarrt developments in several areas during the year. Our slraiegic review was launched wilh
the Board away day in July 2023 and has been a catalyst for increasing engagement and feedback fTOm our
stakeholders. We are pleased that this work will inform our priorilies for ihe next 3 years following approval in early
2024-25. The feedback from ourcuslomers aThJ service users has been amazing., evidencing the difference we make
to people's lives. Our service-user survey showed that 980/0 of our customers were salislied. This provides a high
baseline for the year lo come. We will be assessing how we can improve our methods lor gathering feedback and
increasing the number ol respondents to ensure a pathway for 'customer voice,.
Our employees are critical lo our successful delivery and impact. We implemented actions from our last staff well-
being survey including an additional 22 slaff undertaking Mental Heallh First Aid training. We undertook our new
annual staff salislaclion and well-being survey in quarter 4 this year. Overall, 73°/0 of slafl are salisfied, with the
majority feeling supported by the organisation and Iheir manager. Dissatisfaction wilh salaries was one of the highest
areas, and we are undertaking a salary and benetits review in 2024-25. We are seeking to increase responses this
year and will respond to the key items raised.
Compliance is critical lo us lo ensure we provide a safe and secure working environment lor us and our users. This
year we reviewed our requiremenls setting oul our priorities for health and safely, data protection and risk
management. We have developed a tramework for wlicy reviews, developed a corporate risk plan, improved
safeguarding practice and monitoring, and embedding an increased awareness ol health and Safely culture. We have
focused upon our buildings rnaking improvements and developing a more structured approach to reporting and
maintenance managemenl. We continue to closely monitor deliver and performance in line with conlraclual, legal
and regulatory requirements.
Strong governance is fundarnenlal for the accountability of our charity and this year we undertook a governance
review with undertaking a self-assessment againsl the 7 principles of Ihe Code of Governance for charities. These
evidenced strengths ol Ihe Board, and also some areas lor Oevelopmenl. Key areas include improving processes for
recruitment, skills audits and appraisals. The reporting tramework to Board has also been reviewed with an improved
Company Number 01429707
Page 4

ST PAUL'S COMMUNrrY DEVELOPMENT TRUST
Llmited b Guarantee
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31st MARCH 2024
performance managemenl system and higher level str*egic focus based upon risk management and development.
With regular reviews this has embedded well and provides a clear structure lor agendas, and organisalional
oversight. Sadly, we have had several Governors and Trustees resign this year. This has provided an opportunity
to focus upon skillslknowledge gaps and respond to our requirements now and in the luture.
Community volunteering days and support from corporate organisations continued, mainly supporting the ctty farm.
A big thank you to Walsall Wheelbarrow Company, Evelyn Partners (Birminghaml, Employee Volunteering, AECOM.
HSBC, Gilead and 24-7Locks for their volunteering. donalions of equipment and funding.
The Trust agreed use of reserves to support deliver and on-going commitments from the previous years. We secured
funding from on-going funders and new income streams. We were pleased lo continue to strengthen our financial
position whilst also dedicating much needed Tesources to priority areas within the Trust.
Core Measures for 202>24
Pertormance Measure
Target
2023-24
Baseline
Actual
2023-24
98V.
serv￿e-User Satisfaction
annual
Birmingham Forward Steps children who received a 2-2.5 year review (IMDR} las a
67Y.
87Y.
BFS Supporting families who fa￿ multiple and complex needs
Assessments initiated
Nursery children school ready (including with a plan) when starting reception class
as a °/0 of child
School on-site
il attenda￿e
Venlure service users evidencin
Nesl out of school club occu
anc
Farm work ex
erience outcomes achieved
Successful bids
Contract Com
liance
Early Help
200
197
100V.
99/.
85%
75°/.
80°/.
Baseline
650
100Y.
69V.
97°/
94°/.
1000
92°/
100¥.
roved well-bein
Volunteering
We would like to place on record our thanks to all those individuals and businesses Ihat have volunleered for the
Trust over the year to 315t March 2024. Wtthout you we would nol have a sile that looks as good as it always does.
Your time and effort is really appreciated.
Allractlng New Money 202312024
Successful funding bidslDonalions 202312024. Our thanks go to all organisations who invested in Sl Paul's.
291n May 1961 Charilable Trust
£5,000
Further funding raised from the break-ins
£3,431
Roger & Turner Trust
£2.000
Warm Spaces
£2,000
Hall Green Neighbourhood Scheme
£7,713
Leeds Beckett
£3.000
Hello Fresh
£1,50D
B VSC Research together
£1,000
Sport Bimiingham Active Birmingham
£18,400
Sport Birmingham Urban Sport
£6,500
Faith Action
£5,61YJ
Birmingham City Council
£4,300
Neighbourhood Dev and Support Beyond B'ham £7,720
Saintbury
£2,000
Balsall Heath Well Being Nelwork
£1.350
Winter Food Grant
£5,000
Company Number 01429707
Page 5

ST PAUL'S COMMUNITY DEVELOPMENT TRUST
Limited b Guarantee
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31sl MARCH 2024
We would like to thank ihose who contribLrted lo the Trust and confirm Ihal £20,352 has been deferred into the next
financial year.
Financial Review
The principal funding sources are detailed in nole 3 atKJ toial resources expended are detailed in nole 5 lo the
Financial Statements. A sumrnary ol income and expenditure is shown al note 13. The current year has seen an
overall surplus of £44,030 (surplus of £63.460 for 20231. The School shows a surplus of £1 10.067 (surplus of £28,087
lor 20231 Children and Family Services a deficit of £58,878 (surplus of £38.405 for 20231 and Support Services a
delicil of £7,159 Ideficil of £3.032 for 20231.
The lotal funds carried forward stand al £1.390,746 and are detailed in nole 12.
Investmenl Policy
There are no restrictions on the powers ol the Trustees lo invesl the funds of the Charity. The current policy ol the
Trustees is lo have regard lo income requirements and any risks which have been identified and lo relain any such
funds as are required in the short term bank deposit accounts. When there are funds that are not immediately required
they will be invested in suilable high interesl accounts.
Reserves Policy
Where the Trustees are able lo do so, they aspire to relain a reserve of approximately three months running costs lo
ensure stability, but in current lirne5 hold at leasl one month's running cosls togelher with a sum of £250,000 for
closedown costs.
In addition, Trustees hold in reserves frorn tirne to lime restricted funds, which are allocaled to a time period later
than that of Ihe accounting period.
The present level ol funding is adequate lo support the conlinualion of ihe Trust for the medium term, and the
Truslees consider Ihe financial position ol the Charily lo be satisfactory.
Funds Held as Custodian Truslee on Behall of Others
The Charity manages and operales a bank account where the funds held do not belong to Sl Paul's Community
Development Trust. The balance on this account as al 31 sl March 2024 amounted to £9,969. The lund is used solely
for payroll administration on behalf of organisations in the loca communty.
Plans for the Future
This has been a produclive year, however ihere are slill several areas thal Tequire on-going locus. These, alongside
delivery of year 101 our Strategic Plan will build up)n our loundalion and history to make St Paul's an even stronger
organisalion. Our priorities as set oul within our Board approved Annual Plan lor 2024-25 are..
Implementation ol Slralegic Plan - year 1:
Development ol youth offer
CAFIE Farm accreditation
Health and well-being activity development
Birmingham Forward Sleps- launch new mcrflel
Governance Review implementation-
Truslee appraisals
Trustee recruitment
Training plan
Branding and website implementation
Company Number 01429707
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ST PAUL'S COMMUNITY DEVELOPMENT TRUST
Limited b Guarantee
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31st MARCH 2024
Employee well-being and development=
Corporate Training Plan
Survey actions
Management Development Programme
School review and post 16 Education Centre developments and internal improvement plan
Compliance=
Health and safely audits
Safeguarding reporting intemal and external
Preparedness for Ofsted
Equaliiy Diverstty and inclusion:
Improve recording and reporting
Service developments
Slructure, Govemance and Managemenl
Governing Document
The organisation is a charitable Company Limited by Guarantee, incorporated on 14th Jun8 1979 and registered as
a Charity on Ihe same date. The Company was established under a Memorandum of Association which established
the objects and powers ol the charilable Company and is governed under ils Articles of Association. In the event of
the Company being wound up members are required to contribule an amount of £5.
There are no arrangemenls for setting pay and remuneration of key management personnel and no benchmarks,
parameters or criteria have been used.
Recruitment and Appointment of Trustees
The Directors of the Company are also Charity Trustees for the purwses of Charity law and under the Company's
Articles are known as members of the Board of Trustees. Under the requirements ol the Memorandum and Articles
of Associalion, the Trustees are elected to serve tor a period of three years after which they stand down and may
sland for re-election. The Trustees give their lime freely and receive no remuneration or other linancial benefit.
To identify possible gaps within the Board of TTuslees, the Trustees are requested to out an audyt of their skills,
experience and background. Once idenlified. a job description and person specification are drawn up and the vacant
position is then advertised. Also, an application can be completed should a potential applicant be interested and
there are vacancies wilhin the Board of Trustees. A panel of Trustees will then undertake the recruilmeni process
carried out by the rest ol the Trust. which includes interviewing the successful applicants who meet the criteria. The
applicants will have an opportunity lo observe a meeting and request any further infomiation.
Trustee Induclion and Training
New Truslees are given an induction pack which includes Trustee responsibililies logether with a copy of Ihe
Memorandum and Articles of Associalion. structure ol the Tnjsl and departmenls. latest business plan and copies of
previous annual reports. They are also given access to the Trust's intranet which contains the Policy Manual.
Organisation
The Board of Truslees, which can have up to fvielve members, administers the Charity. The Board meets at least
four time5 a year and is responsible for the strategic direction and policy of the Charily. A Chièf Execulive is appointed
by the Truslees to manage the day io day operations of the Charity and also attends the Board meetings. To tacililale
effective operations, the Ghiel Executive has delegated authority, within terms of delegation approved by the
Trustees, for operational matters.
Company Number 01429707
Page 7

ST PAUL'S COMMUNITY DEVELOPMENT TRUST
Limited b Guarantee
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31st MARCH 2024
Related Parties
None ol our Trustees receive remuneration or olher benefii from their work with Ihe charily. Any connection between
a trustee, senior managers or senior staff must be disck)sed lo the full board ol Trustees in the same way as any
conlractual relationships with a related party- In the current year no such related parly Iransaclions were reported.
Rlsk Managemenl
The Trustees have examined the major strategic, business and operational risks which the Charity faces and confirm
that systems have been established lo enable reports to be produced so thal the necessary steps can be laken to
lessen these risks.
Trustees. Responsibilities in Relatlon lo Ihe Financial Statements
The Truslees (who are also the direclors for the purposes of company law) are responsible for preparing the Report
of the Trustees and the Financial Slalemenls in accordance with applicable law and regulations and in accordance
wilh United Kingdom Generally Accepted Accounting Practice.
The Trustees are required by company law lo prepare Financial Stalemenls for each linaricial year which give a true
and fair view ol Ihe financial activities of the Charity, and of ils financial position at the end of thai year. In preparing
those Financial Statements the Twslees are required lo:
al select suitable accounling policies and apply ihem consislently;
bl observe the methods and principles of the Charrties SORP 2019 {FRS1021-
cl make judgements and estimales ihat are reasonable and prudent-,
d} prepare the Financial Slalements on a going concern basis unless it is inappropriate lo assume that the Charity
will continue in operation.
The Trustees are res￿nsIble for keeping adequate accounting records thal are suff icienl lo show and explain the
Charity's transactions and disclose with reasonable accuracy al any time the financial position ol the Charity and that
enable them lo ensure the Financial Slatements comply wilh Ihe Companies Act 2006. They are also responsible for
safeguarding the assets ol the Charity and hence for laking reasonable sleps lor the prevention and detection of
fraud and other irregularilies.
Stalement as to Disclosure of Informalion to Audltors
So far as each Trustee is aware, there is no relevanl information (information needed by the Charily s auditors in
connection wilh preparing their report) of which the Charty's auditors are unaware, and they have laken all ihe steps
that they ought to have taken as a Trustee in order to make themselves aware of any relevant audit information and
lo establish Ihat the Charity's auditors are aware of Ihat infomiation.
Auditors
A resolution proposing Thomas & Young to be re-atpoinled as auditors ol the Charity will be put to Ihe Trustees al
the meeting lo agree the Slatutory Accounts.
This report has been prepared in accordance wrth the small companies. regime.
Chair's Report for Ihe year ended 31st March 2024
11 certainly doesn't seem that 12 months have gone by since I wrote Ihe last chairs annual reportl Can I start as I did
last year by offering a huge thank you to all those who help lo make St Paul's Trust the success that it is., the slalf,
volunteers, Trustees, School Governors. funding partners and partners. supporters and all the individuals and
families and Iheir friends who use the services that we offer. St Paul's would nol be what it is withoul all of you, so
again, thank yOL3.
In the lasl year we have said ihank you and goodbye lo several School Governors and Truslees, Amy Lassman, Ali
Beard. Gill Coffin, Mark Riley and Miles Parker. Thank you to each ol you for your time and commitment on behalf
of the Trust and we wish each ol you well for the lulure. l offer a special thank you to Gill Coffin who has been
Company Number 01429707
Page 8

ST PAUL'S COMMUNITY DEVELOPMENT TRUST
Limited b Guarantee
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31st MARCH 2024
associaled wilh the Trust from ihe very beginning. Gill was Chair of Ihe Truslees for many years and Chair of the
School Governors for much of that time too. If you are l¢Joking at the true value of volunteering then Gill is a perfecl
role model. She has been an absolute star for Ihe Trust over so many years and now I think fully deserves her well-
earned reliremenl.
Onto the business of the Trust and once again r( has been a busy, produclive and successful year. The Early Years
contracl is shortly up for renewal and our CEO has spent much of her time in her lirst very successful year negotiating
with partners what the lulure might look like. The new contract will be based more on a O 10 19-year model, which
will align with our areas of grovrth, arKJ support more families in the fulure.
The School, as ever, has been through some difficult limes and issue5 and yel continues to provide a much-valued
opportunity lo young people with extremely cornplex needs. We have had lime for reflection and increased focus
upon key areas responding to ourown internal improvemenl plan to help us on ourjoumey. Resources are a constant
concern, however, we have reviewed our requirements and planning to move forward with a revised model in the
near future.
A strategic and governance review has been undertaken with Trustees. informed by staff. service-users and wider
stakeholders, setting the direction for the nexl 3 years. This will enable us to establish a'whole team, business model,
that will take us well into Ihe future. Thal is due lo be published later Ihis year along with a review of our branding,
that will lead al the very least lo a new website and a very drtferenl 'public lacing. profile.
The farm continues to grow and develop with lots of volunteers. opportunities and also pupils from the school gaining
experience by working in this environmenl. If you visil the farm, you will see the bench which has been placed there
as a tribute to the two founders of the Trust. Dr. Dick Atkinson and Dr. Anita Halliday. Earlier on in the year we held
a remembrance event to celebrate what Ihey had achieved tor the Trusl. and it was a very fitting occasion wilh some
lovely tributes. Alongside the farm is the Venture where lots of very different activities take place providing a safe
and caring venue for all age ranges, now particularly building our expertise around the health and well-being of our
visitors.
Across Ihe way is the Children's Centre where we care for the young tots in two different areas, the nursery which
looks after the very young and the preschool early years centre, with facilities providing an excellent service to both
local families and those from lurther afield.
Last but nol least, the Trusl could nol work without the huge inpth from the staff who work behind the scenes to
ensure Ihat the whole operation runs smoothly. Thank you to you all Team Sl Paul's-
In summary, The Trusl is in a good place with lots of traditional and new, innovative opportunities and we look forward
to the next year with a huge degree of confidence and ambition.
Palrick Wing MBE JP
Chair ol Trustees.
Approval
This report was approved by the Board of Directors and Trustees on 24th Sepiember 2024 and signed on ils behalf.
Pat Win
Trustee
Lisa Martinali
Chief Executive
Company Number 01429707
Page 9

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF
ST PAUL'S CON,IMUNITY DTr.IIELOPMENT TRUST
Limited b , Guarantee
Opinion
We have audited the financial statements of St Paul's Community Development Trust (Limiled by Guarantee) for the
year ended 31 March 2024 which comprise the Slalemenl of Financial Aclivilies. the Balance Sheel, the Cash Flow
Stalemenl and the related notes lo the financial statements. including signilicanl accounting policies. The financial
reporting Iramework that has been applied in their preparation is applicable law and United Kingdom Accounting
Standards, including Financial Reporting Standard 102 The Financial Reporting Slandard applicable in the UK and
Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
give a true ané lair view of the stale of the charitable company's alfairs as at 31 March 2024 and ol its
incoming resources and application of resources. including its income and expenditure, for the year then
ended.,
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Praclice.,
and
have been prepared in accordance wtth the requirements of ihe Companies Act 2006.
Basis lor opinion
We conducted our audit in accordance with Inlernalional Standards on Auditing (UK) IISASIUKII and applicable law.
OUT responsibilities under those standards are further described in the Audttor's responsibilities for the audit ot the
financial statements section ol our report. We are independent of Ihe charitable company in accordance with Ihe
ethical requirements that are relevant to our audit ol the financial slalements in the UK, including the FRC'S Elhical
Standard, and we have lullilled our other elhical responsibilities in accordance with these requirements. We believe
Ihal the audit evidence we have obtained is suff icienl and appropriate to provide a basis lor our opinion.
Conclusions relating to going concern
In audiling the financial slalements, we have concluded thal the truslees, use of Ihe going concern basis of accounting
in the preparation ol the linancial statements is appropriate.
Based on the wort( we have performed, we have not idenlilied any material uncertainties relating to events or
conditions that, individually or collectively, may cast significant doubt on the charitable cofflpany's ability lo continue
as a going concern for a period of al leasl twelve months from when the financial slalements are aulhorised for issue.
Our responsibilities and the resF()nsibilities of the Irustees with respect to going concern are described in the rèlevant
sections of this report.
Other information
The oiher informalion comprises the information included in the Iruslees. annual report, other than the financial
statements and our auditor's reFXJrt Ihereon. The trustees are responsible lor ihe other informalion contained within
the annual report. Our opinion on the financial slalernenls does not cover the other information and. except to Ihe
extent otherwise explicitly staled in our report, we do ml express any form of assurance conclusion Ihereon. Our
responsibility is to read the other information and, in doing so. consider whether the other intormation is materially
inconsistent with the financial stalemenls OT our knowledge obtained in the course of ihe audit or olherwise appears
to be malerially misstated. If we identify such material inconsistencies or apparent material misslatements, we are
required lo determine whelher this gives rise lo a malerial misstalemenl in ihe financial slatemenls Ihemselves. If
based on the work we have performed, we conclude that there is a rnalerial misslalemenl ol this other information,
we are required to report that fact.
We have nolhing to report in this regard.
Opinions on other matters prescribed by the CompanTes Act 2006
In our opinion, based on the worlf undertaken in the course ol the audit=
Company Number 01429707
Page 10

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF
ST PAUL'S COMMUNITY DEVELOPMENT TRUST
Limited b Guarantee
the information given in Ihe Iruslees, report incorporating the directors. report prepared for the financial year
for which Ihe linancial statements are prepared is consistent with the financial statements. and
the directors, report has been prepai&J in accordance wtth applicable legal requiremenls.
Matters on whlch we are required to report by exception
In the light ol the knowledge and understanding of the Charitable company and its environment obtained in Ihe course
al the audit, we have nol identilied material misstatements in the directors, reporl.
We have nothing lo rewrt in respect ol the following matters in relation to which the Companies Act 2006 requires
us lo report lo you if, in our opinion:
adequate accounting records have not been kept. or returns adequate tor our audit have nol been received
from branches not visited by us- or
the financial statements are not in agreement with the accounting records and returns- or
certain disclosures of trustees, remuneration specrfied by law are not made; or
we have not received all Ihe informalion arKI explanations we require for our audil. or
Ihe trustees were not entitled lo prepare the financial slatements in accordance with the small companies
regime and take advanlage of the small companies, exemptions in preparing the trustees, report and from
the requirement to prepare a slralegic report.
Responsibilities ot trustees
As explained more lully in the tru5tees' responsibililies statemenl (sel out on pages 4 and 5}, the Iruslees (who are
also the directors ol the charitable company lor the purposes of company lawl are responsible tor the PTeparation of
the financial statements and lor being satisfied thal they give a twe and fair view. and for such internal control as the
trustees determine is necessary to enable the preparation of financial slalements thal are free frorn material
misslatement. whether due to fraud or error.
In preparing the financial stalements. the trustees are responsible for assessing the charttable company's ability to
continue as a going concern, disclosing. as applicable, matters related to going concem and using the going concern
basis of accounting unless the Iruslees eilher intend to liquidate the Charitable company or to cease operations, or
have no realistic alternative but lo do so.
Audltor's responslbllilies for the audil of the linancial ststements
We have been appointed as auditor under seclion 144 of ihe Charities Act 2011 and report in accordance with
regulations made under section 154 of the act.
Our objectives are to obtain reasonable assuran￿ about whether the financial statements as a whole are free Irom
material misstatemenl, whether due to fraud or error, and to issue an audilor's report that includes our opinion.
Reasonable assurance is a high level of assurance bul is not a guarantee ihat an audit conducted in accordan
with ISAS IUKI will always detect a malerial misstatement when tt exisls. Misslalements can arise Irorn fraud or error
and are considered malerial if, individually or in the aggregate, they Could reasonably be expected lo influence the
economic decisions of users laken on the basis ol these financial statemenls.
A further description ol our responsibilities for audil of the financial stalements is located on Ihe Financial RepJrting
Council's website at.. www.frc.uklauditor5res
onsibilities. This description tomis part of our auditor's rewrt.
Company Number 01429707
Page 11

INDEPENDENT AUDITOR'S REPORT TO THE NIENIBERS OF
.ST PAUL'S CONINIUNITY DTr.VF.I.OPMENT TRUST
Limiled b Guarantee
Irregularities, including fraud, are instances of non-compliance with laws and regulalions. We design procedures in
line with our responsibilities, outlined above, lo detect material misslatemenls in respecl of Irregularities, including
fraud. The extenl ol which our procedures are capable of delecting irregularities, including frau¢y is detailed below.
Our audit approach included Ihe following elements:
Assessment ol the susceplibilily ol the charity's financial slatements to malerial misstatement, including how
fraud might occur.
Assessment of the laws and regulations identified as being of significance in the conlexl ol the charity.
We obtained an understanding of the legal and regulatory framework applicable to the charity and how the
charity is complyjng with that framework.
We obtained an understanding of the charftys policies and procedures on compliance wilh lav￿ and
regulations: including documentation of any instances of non-compliance.
We oblained an understanding of the charity's polices and pr￿edureS on fraud risks. including knowledge
of any actual, suspected or alleged fraud.
We ensured that our audil personnel have the experience and knowledge lo identify or recognise non-
compliance wilh laws and regulations.
We use appropriate audit resources and tools to guide us in selecling Ihe righi audit approach.
In considering the extent lo which the audit was considered capable of delecting irregularities, we considered how
our approach lo the audit has affected Ihe likelihood ol deleclion. This was affected by..
the inherenl difficulty in delecling irregularities:
the effectiveness ol the enlity s controls; and
the nature. liming and extent of the audit procedures perfomied.
In determining ihose rnatters that are ol significance. both quantitative and qualilalive laclors are relevanl lo such
consideration.
Taking into accounl all of Ihese points, our prO￿dureS are appropriate lo delecl material misslalements in respect
ot irregularilies, including Iraud.
Use of our report
This report is made solely to the charitable company's members, as a ￿dy. in accordance wilh Chapter 3 of Part 16
ol the Companies Act 2006. Our audr( work has been undertaken so that we rnighl stale lo Ihe charitable company's
members Ihose matters we are required lo stale lo them in an audilor's report and for no other purpose. To the
fullesl extent permitted by law. we do not accept or assume responsibility to anyone other than the charitable
company and the charitable company's members as a trrtxly, for our audit worf(, for Ihis report, or for Ihe opinions we
have formed.
Mark McLean FCA
Thomas & Young Limited
Chartered Accounlanls & Regislered Auditors
Carleton House
266-268 Stratford Road
Shirley
Solihull
West Midland5
B90 3AD
24th September 2024
Company Number 01429707
Page 12

T PAUL'S COMMUNITY DEVELOPME
TRUST
Limited b Gu
STATEMENT OF FINANCIAL ACTivmES
RATING AN INCOME AND EXPENDITURE AccouKr
FOR THE YEAFI ENDED 31st MARCH 2024
INCORP
Note
Unrestricted Restricted
Funds
Funds
Total
2024
Tolal
2023
Income
Donations and grants
5,195
13.064
18.259
36,654
Income from charitable aclivities:
Activities lor generating lunds
Operation of the Trust
5,603
356,471
5.603
3.345.644 3,702,115
7,686
2.974,656
Investrnenl Income
10,013
10,013
2.821
Total Income
377.282
3.358.708 3,735,990
3.021.817
ExpenditUTe
Cost ol raising funds
1.032
1,032
668
Expenditure on Charitable activities:
Operation ol the Trust
376.486
3.314,442 3,690.928
2.957.689
Total expenditure
377.518
3,314,442 3.691,960
2,958,357
Net income and nel
movement in funds tor the year
14
12361
44,266
44,030
63,460
Reconciliation of funds
Total Funds brought loward
467,475
879.241
1.346,716
1,283,256
Transfers belween Funds
Total funds carried forward
467,239
923.507 1,390,746
1,346,716
The Stalernent ol Financial Aclivilies includes all gains losses ￿ognISed in the year.
All of the above results are derived from continuing activtties.
Company Number 01429707
Page 13

STPA
L'S COMMUNITY
EVELoPMETr￿ TR
Gua
BALANCE SHEEr
AS AT 31st MARCH 2024
2024
2023
Note
Fixed assets
Tangible assets
Total Fixed Assets
779.821
779,821
773.115
773,115
Current assets
Debtors
Gash al bank & in hand
Total Currenl Assets
582.437
1.098.802
1,681.239
540.784
1,225.989
1.766.773
Credltors (amounts falling
due withln one year)
1,070.314
1,193.172
Net Current Assets
610.925
573.601
Net Assets
1.390.746
1.346,716
The funds of the Charity:
Restricted funds
Unrestricted fund
13
13
923,507
467.239
879,241
467,475
Total Charity Funds
12
1.390.746
1.346,716
These financial stalemenls have been prepaied in accordance with the special provisions of Part 15 01 the
Companies Act 2006 relating lo small companies arKI constitute the annual accounts required by the
Companies Act 2006 and are for circulation lo members of the company.
Approved by the Trustees on 24th September 2024 and signed on their behalf by'.-
Lisa Marhnali
Chief Executive
Pat Win
Trustee
Company Number 01429707
Page 14

L'S COMMUNrrY DEVELOPME1￿ TRUST
Limited b
CASH FLOW STATEMEFrr
R THE YEAR ENDED 31st MARCH 2024
Note
2024
2023
Cashflow from
operaling activitles
871
13,280
Cash Ilow from investing activlties
Interest income
10.013
2.821
Purchase ol tangible
lixed assets
1138.071)
1246.5331
IDecTea5el in cash and cash
equivalents in the year
127,187
230.432
Cash and cash equivalents al the
beginning of the year
1.225.989
1.456,421
Total cash and cash equivalents at
the end ol the year
1,098.802
1.225.989
Cornpany Number 1429707
Page 15

ST PAUL'S COMM
NITY DEVELOPMENf TR
Llmiled b Guar
NOTES TO THE CASHFLOW STATEMENT
FOR THE YEAR ENDED 31st MAR
H 2024
2024
2023
Reconciliatlon of nel movement in fund5 to
net cashtlow frorn operating actlvities
Nel movement in funds
Inveslrnent income
Depreciation charge
Loss on disposal
Ilncreasel in debtors
(Decreaselllncrease in creditors
44.030
63.460
110,0131
12.8211
131.235
111,490
130
859
141.6531 1262,4421
122.858
102,734
Net cash used in operating activltles
871
13,280
2. Cash and cash equlvalents
Isl April
2023
315t March
2024
Cashflow
Cash al bank & in hand
1,225.989
127.187
1,098,802
Company Number 1429707
Page 16

ST PAUL'S COMMUNITY DEVELOPMEprr TRUST
Limiled b Guarantee
NOTES TO THE FINANCIALSTATEMENTS
FOR THE YEAR ENDED 31st MARCH 2024
AccouHfiNG POLICIES
{a) Basis of preparalion
The Financial Stalements have been prepared in accor(lance wilh Accounting and Reporting by Charities.. Statement
of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Standard
applicable in the UK and Republic ol Ireland IFRS1021 leff ective 1" October 20191- Icharilies SORP IFRS10211. the
Financial Reporting Standard applicable in the UK and Republic ol Ireland IFRS 1021 and Ihe Companies Act 2006.
(b) Company slatus
The members of the company are the Truslees named on page 1. In the event of the Charity being wound up, Ihe
liability in respect of the guarantee is limited to £5 per member ol the Charty-
The financial statements are presented in slerling which is the fLJnctional currency of the Charity and rounded lo the
nearest £1.
The Charity is a company Limited by Guarantee. in Englandlwales. The Charity Constitutes a public benefit entity as
defined by FRSIO2.
The address of the regislered Offi￿ is given in the charity information on page 1 of these financial statements.
(c) Fund accounting
General funds are unrestricted funds which are available tor use at the discretion ol the Trustees in furtherance of the
general objectives ol the Charity and which have not been designated for other purposes.
Restricted funds are funds Ihal are to be used in accordance with the spectlic restrictions imwsed by donors or which
have been raised by the Charity for particular purFoses.
(d) Incorning resources
All incoming resources are included in Ihe statement of linancial actiwties when the Chartty is legally entitled lo the
income and the amount can be quantified with ieasonable accuracy.
Income from Governrnenl Grants is recognised on receipt and when the Charity has entiuemenl to Ihe grant.
(e) Resources expended
All expenditure is accounted for on an accruals basis and is recognised when there is a legal or constructive obligation
to pay lor expenditure. All costs have been direclly attributable lo one of the lunclional categories ol resources expended
in the slalement ol financial activities. Govemance costs include Ihose costs associated with meeting the constitutional
ané slatulory requirements.
(f} Grants
The Gharily issues small grants lo local inslilutions wilhin the Balsail Heath community to fund aclivilies lor children
under 5. Total small grants tor the year amount lo £Nil.
(g) Tangible fixed assets and depreclation
Until 31 st March 1999 improvemenls to leasehold proFerties were not capttalised because the cost of additions and
improvements were fully lunded and those iterns were reflected in the income and expenditure account. This policy
complied with Ihal requesled by previous lunders.
Although the original cost of buildings is shown in the accounts, the cost of additions before 1st April 2000 is not
available. The users of the accounts are principally the Trustees, parents ol children attending the School, local
residents and various lunders. The Trustees consider the cost of carrying out a professional valuation lo include those
assets at a value in the accounts to be considerable conwared to the limtted addtlional benefits derived by the users of
the accounts.
Since 1 sl April 2000 all a¢Jdilions and impTovemenls lo leasehold buildings have been capilalised and depreciated.
Company Number 01429707
Page 17

ST PAUL'S COMMUNITY DEVELOPMENT TRUST
Limited b Guarantee
NOTES TO THE FINANCIALSTATEMENTS
FOR THE YEAR ENOED 31st MARCH 2024
Other langible lixed assets are slated al c05t. Depreciation is calculaied to wrile-off the tangible assets over their
eslimaled useful live5. The principal rates in use are=
Leasehold properties
Motor vehicles
Furniture and equiprnent
Video and computer equipment
4QA ol cost
20Wo reducing balance
2￿/4) reducing balance
33.3°/o reducing balance
(h) Pension Costs
The Charity operates a defined conlTibulion scheme for the benefit ol its employees. Contributions payable lor the year are
charged in the Income and Expenditure Accounl.
(l) Debtors and Creditors receivablelpayable within one year
Debtors and ciedilors with no stated inleresl rale and receivable or payable within one year are recorded at Iransaction
price.
(Jl Leases
Rentals payable and receivable under operating leases are charged lo the SOFA on a straight line basis over the period of
the lease.
(K) Going concern
The financial slalemenls have been prepared on a going concern basis as Ihe truslees believe that no material uncertainties
exist. The Iruslees have considered the level ol funds held and Ihe expected level ol income and expenditure lor 12 months
from aulhorising these financial slatemenls. The budgeted income & expenditure is suff icienl with the level ol reserves for
the charity lo be able lo continue as a going concein.
Company Number 01429707
Page 18

ST PAUL'S COMMUNITY DEVELOPMENT TRUST
Llmited b Guaran
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31st MARCH 2024
2. DONATIONS AND LEGACIES
Unrestricted Restricted
Total
2024
Total
2023
Roger and Douglas Tumer Trust
Niveah Trust
Incredible Surplus Compost Culture
29th May Trust
KSIMC
Awards for All
BVSC
Lillie C Johnson
Baron Davenport
Animal Sponsorship
Other Donations
1,572
725
5,357
5,000
1,572
725
5,357
5.000
2,987
3,907
462
200
9,412
4.750
10,000
750
90
5,105
90
5,515
410
4,186
5.195
13,064
18,259
36.654
Company Number 01429707
Page 19

ST PAUL'S COMMUNITY DEVELOPMENT TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31st MARCH 2024
3. INCOMING RESOURCES FROM CHARITABLE ACTIVITIES
Llmited b G
arantee
Unrestricted Reslricled
Total
2024
Tolal
2023
Directorate of Children, Young People and Families
Education
Early Years and Childcare-314 years
Early Years and Childcare-2 years
Early Years and Childcare-SEN
Early Years and Service Pupil Premium
Birmingham Forward Steps Children Cenlre
Birmingham Cily Council
Children in Need
Midland Mencap
Hall Green Neighbourhood Nelwork Scheme
Neighbourhood Developmenl and SupFXJrt Beyond Birmingham
Rowlands Trust
Veolia Environmental
Leeds Beckett
Faith Action
Versus Arthrilus
Hello Fresh
Warm Spaces
Winter Food Grant
Living Well
Balsall Heath Well Being Network
BVSC
Sport Birmingham Urban and Aclive
Garfield Weston
DWP
The Countrymen Project
Street Games Holiday Activilies Fund
Thrieve
Sainlbury
Sale of services
1.799.273
171,930
68,188
8,668
3,373
1.148,558
4,300
51,826
7,888
6,285
3,560
1,799.273
171 ,930
68,188
8,668
3,373
1,148,558
4,300
51,826
7,888
6.285
3,560
1,256,665
148,438
52.089
9,134
9,579
951,705
20,175
15,457
5,565
7,608
5.000
65,964
3,000
3.000
5,000
2,167
1,500
3,146
5,000
2,948
1,350
1,000
22.547
3,000
5,000
2,167
1,500
3,146
5.000
2,948
1.350
1,000
22,547
4,393
1.500
1,873
1,873
373
10,000
5,698
6.176
21,761
1,397
21,460
21.460
75
2,602
75
359,073
356,471
371,106
356.471
3.345,644
3,702,115
2,976.529
4. INVESTMENT INCOME
2024
2023
Interest receivable on UK cash deposits
10.013
2,821
Company Number 01429707
Page 20

PAUL'S COMMUNITY DEVEL
ENT TRUST
Limited b Guaran
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR END
I MARCH 2024
5. ANALYSIS OF EXPENDITURE
Children
and Family
Services
Basis ol
Allocation
School
Services
Support
SeNices
Total
2024
Total
2023
Costs of raising funds
Costs of generating volunlary income
Postage & stalionery
Event costs
Direct
Direct
1,032
1,032
668
1,032
1,032
668
Charitable Aclivitles
Costs dlrectly allocated to activilies
Staff & Associated costs
Furniture, rerjewals &
refurbishment
Books. equipmenl &
education malerials
Depreciation
Other costs
Direct
1,151.014
1,208,177
2.359.191
1,929,649
Direct
49.834
5,813
55,647
25.247
Direct
Direct
Direct
55.869
26.745
248,143
73,706
71,000
300.402
129,575
97.745
548,545
107,648
91,611
329,429
Support costs allocated to actlvltles
Staff & Associated costs
Books, equipment &
education materials
Fumtture, renewals &
refurbishment
Premises
Bank and professional
Depreciation
Loss on disposal
Bad debt provision
Other costs
Income Rec.
130,332
(2.599)
168,609
296,342
292,137
Direct
871
871
13.847
Direct
Income Rec.
IRIDirect
Direct
Direct
Direct
IRIDirect
735
3.747
735
17.406
1,561
33,490
1176
5.955
654
7,704
900
10,523
3,977
19,880
59
33.490
(176)
26,774
531
34,637
61.942
48,471
2.872,478
1,695.320
36.606
1,870,948
3,602,874
Governance
Sialf & Associated costs
Premises cosls
Audit
Actual
Income Rec.
Actual
34,254
1,049
3.645
44,314
1,357
4.095
49.766
78,568
2,406
7,080
88,054
75,942
2.809
6.460
85,211
{660)
16601
38.948
1.734.268
35,946
1,921,746
3,691.960
2,958,357
Support Services provides maintenance. financial SLJPPOrt and other services to all departmenls. The costs ol these
seNices are recharged based on the initial budget sel oul at the teginning of the year. During the year Support Services
also included rental incorne and the kickstart programme.
Auditors remuneration
The auditor's remuneralion amounts lo an audil fee of £7.080 {2023 - £6.460}
Company Number 01429707
Page 21

ST PAUL'S COMMUNrrY DEVELOPMENT TRUST
Limil d
arantee
NOTES TO THE FINANCIAL ST ATEMENTS
FOR THE YEAR ENDED 31st MARCH 2024
6. STAFF COSTS
2024
2023
Trust Staff
Salaries & wages
Social security costs
Pension costs
1.754,995
131,788
67.798
1,591,526
120.575
71,310
1,954.581
1,783,411
Assoclated Costs
Agency
Secondments
Recruilmenl
External Provision
Third Party Gosts
574,195
156,777
3,529
40.926
4,095
269.893
188,516
7,451
46,042
2,415
779,522
514,317
Total per Note 5
2,734,103
2.297.728
No. of employees who received remuneration of more than £60.000.
2024
No.
2023
Band
£60,000 10 £69,999
The average number of employees during the year, calculaled on the basis of full lime equivalents
was as follows..
2024
No.
2023
Direct charitable work
Management & adminislralion
87
80
96
89
No members of the Board of TTUStees received any remuneration during the year.
Company Number 01429707
Page 22

ST PAUL'S COMMUNITY DEVELOPMENT TRUST
Limited b Guarantee
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31st MARCH 2024
7. TANGIBLE FIXED ASSETS
Improve-
menls to
propety
Video &
Furniture &
computer
equipment equipment
Leasehold
properties
Motor
vehicles
Total
Cost
Al 1 st April 2023
Disposals
Additions
724,903
1,939.236
11.221
(11,221}
55.994
187.619
18,236
2.881,215
(11,221)
138,071
36.404
45.673
Al 31 sl March 2024
761,307
1.939,236
55.994
233.292
18,236
3,008,065
Depreciation
Al 1 sl April 2023
Depreciation on Disposal
Charge for the year
203,783
1,722,545
11,091
111.0911
11,199
154,685
15,996 2.108,100
(11,0911
131,235
30,452
73,112
15,726
746
At 31 st March 2024
234,235
1,795,657
11.199
170.411
16,742
2,228.244
Net Book Value
At 31 st March 2024
527,072
143,579
44,795
62,881
1,494
779.821
At 31 st March 2023
521.120
216,691
130
32.934
2.240
773.115
The leasehold propety is leased from Birmingham Cty Council. The school buildings are on a sile leased lor
99 years from 1 January 1997. The Venture, Children's Centre and Farm buildings are on a sile leased for 25
years from 23rd June 2000 and we have confirmalion from the Local Authorily that the lease will be extended.
The buildings are insured for £5,820,000.
8. DEBTORS
2024
2023
Trade debtors
Other deblors
Prepayments
Accrued income
527,695
289.231
48,856
5,886
70,067
181,486
582,437
540,784
9. CREDrroRS (AMOUNTS FALLING DUE WITHIN ONE YEAR)
2024
2023
Trade creditors
Social security & taxes
Accruals
Other creditors
Deferred income
175,918
28,925
247.367
16.060
602.044
99,773
27,515
215,335
88,420
762,129
1,070,314
1,193,172
Company Number 01429707
Page 23

NITY DEVELOPMENT TRUST
Limited b Guarantee
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31st MARCH 2024
10. DEFERRED INCOME
2024
2023
Balance as al 1 sl April 2023
762,129
684,322
Transfer from Income & Expenditure account
602,044
762,129
Released lo Income & Expendilure account
762.129
684.322
Balance as al 31 sl March 2024
602.044
762.129
Deferred incorne relates lo funds received in advance for 202412025
Included within deferred income are several sources ol income which relate to projects slill in progress including
donation5 01 £10,000 from 29th May Trust. £10.058 TelatirvJ lo Nursery which includes pupil premium. £568.089
on Health & Well-Being Projects, £2.685 for Out of School Easler funding. £4.699 fro Ihe Farm including funds
raised froffl the break-in and £6,513 for other small projects.
In line with the SORP paragraph 5.23, the Charity has recognised incoming resources only lo the exlenl Ihal the
Charity ha5 met the terms or conditions imposed on rt.
11. LEASES
2024
2023
Operating Leases
Total lulure minimum lease payments under non cancellable operating leases ale a5 lollows=
Not later than one year
Later than one year and nol later than live years
Laler than live years
8,924
20,928
4,234
29.852
4,234
In addition lo the above, the charity has 99 year lease on Si Paul's School al an annual renl of £20,000. There
is an elleclive option lo withdraw from the lease with reasonable notice. and for that reason. this commitment
has not been disclosed above_ The Charity also has a 25 year lease on premises al Malvern Slreel, which is
due to expire in 2025. The annual rent is £1.500. Again. Ihe charity has the option to wrthdraw with reasonable
notice, and this commitment is not inclthjed above as a result.
12. ANALYSIS OF NET ASSETS BETWEEN FUNDS
Fixed
Asset
fund
Designaled
funds
General
fund
Communtly
fund
Total
funds
Fund balances at 31 st March 2024 are
represented by:
Tangible lixed assets
Current assets
Current liabilities
131,816
648.134
779,950
1.681,239
11,070,314)
1.405.866
11.070.314
275,373
Total net assets
131.816
335.552
275.373
648.134
1.390.875
Company Nurnber 1429707
Page 24

ST PAUL'S
NITY DEVELOPMEfrTh T
Limited b Guarantee
NOTES TO THE FINANCIAL
TATEMENTS
FOR THE YEAR ENDED 31 st IAAR
24
13. MOVEMENT IN FUNDS
Balance
Al 1st
April 2023
Funds
Ai31st
March 2024
Incoming
resources
Resources
expended
Transfers
Reslrlcted funds
Community Fund
Fixed Asset Fund
199,737
679,504
3.358.708
{3,191.755)
122,687
{91,3171
91,317
275.373
648,134
Total restricted funds
879.241
3,358.708
3,314.442
923,507
Unrestricted funds
General Fund
373,865
377.282
1368,9701
{46,7541
335,423
Deslgnated Funds:
Fixed Asset Fund
93.610
18.5481
46.754
131,816
Total unrestricted lunds
467,475
377.282
377.518
467,239
Total funds
1.346,716
3.735 990
3.691.960
1,390,746
Purposes of Restrlcted lunds
The Comrnunity Fund represents cul￿nI activities run by the Children's SeNces and School
The Fixed Asset Fund has been set up to assist in identifying those funds that are not free funds and il
represents Ihe nel book value of tangible assets vthich indudes the construction of the Children's Centre and
refurbishment to other buildings including the refurbishment of the old Nursery which is now the Post 16
provision.
Purposes of Unrestrlcted funds
The General Fund represents the t￿e funds of the charity which are not designated lor particular purF)oses.
Company Nurnber 1429707
Page 25

ST PAUL.
OMMUNITY DEVELOPMENT TRUST
Limited b Guara
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31st MARCH 2024
14. SUMMARY INCOME AND EXPENDITURE ACCOUTr
Children
and Famlly
Services
School
Services
Support
Services
Total
2024
Total
2023
Income
1.855.976
17.146
1,862.868 3,735,990
3,021.817
Expenditure
1,707.524
2.455
1,850,746 3.560,725
2,846.867
Incomel{expendilurel
175265
174 950
Depreclatlon
38.385
21.850
71,000
131.235
111.490
Net Incomellexpenditure)
110067
Cornpany Number 01429707
Page 26