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Company registration number: 05554817 Charity number: 1088098 Longley 4G Limited (formerly Longley Organised Community Association) ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS For the year ended 31 March 2018

the year ended 31 March 2018

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Page 1: the year ended 31 March 2018

Company registration number: 05554817Charity number: 1088098

Longley 4G Limited(formerly Longley Organised Community Association)

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS

For the year ended 31 March 2018

Page 2: the year ended 31 March 2018

Longley 4G Limited

Contents

Page

Administrative Information

Directors' annual report 2-6

Independent examiner's report

Statement of financial activities

Balance sheet

Notes to the accounts 10- 15

VAS Community Accountancy

Page 3: the year ended 31 March 2018

Longley 4G Limited

Administrative InformationFor the year ended 31 March 2018

Previous Names

Longley Organised Community Association Limited

Company number03554817

Charity number1088098

Trustees/Directorslan DraytonPaul Howard

Anthony Whiting

Hannah Downes

Sally Whittaker

SecretarySally Whittaker

Registered ofgce4 Greens CentreLongleySheffield

55 7NN

Independent ExaminerSarah Lightfoot, ACA DChA

Voluntary Action Sheffield Community AccountancyThe Circle

33 Rockingham Lane

Sheffield51 4FW

VAS Community Accountancy

Page 4: the year ended 31 March 2018

Longjey 4G Limited

Directors' annual report (incorporation the Trustee's annual report)For the year ended 31 March 2018

The trustees, who are also directors of the charity for the purposes of the Companies Act, submit their annual

report and the financial statements for the year ended 31 March 2018.

Structure, governance and management

The registered charity changed its name to Longley4G, previously Longley Organised Community Association

Limited.

Longley 4G Limited (Company number 3554817) was incorporated on 29 April 1998 and its Memorandum and

Articles of Association govern it, as amended 27 June 2001 and 4 May 2017. Its legal status is that of a

company limited by guarantee and a registered charity (Charity number 1088098). The organisation was

registered as a charity on 17 August 2001. It has no share capital and the liability of each member in the eventof winding-up is limited to E1.

Overall management of the Charity is the responsibility of the trustee directors who are elected and co-optedunder the terms of the memorandum and articles of association. Day to day project activity is carried out by

paid staff and volunteers.

ObjectivesThe objects of the Charity ('the Objects') are:

The promotion for the public benefit of urban or rural regeneration in areas of social and economicdeprivation (and in particular the Longley Estate in the north of Sheffield, South Yorkshire) ("the Area ofBenefit" ) by all or any of the following means:

The relief of poverty~ The relief of unemployment~ The advancement of education, training or retraining, particularly among unemployed people and

providing unemployed people with work experience;~ The provisions of financial assistance, technical assistance or business advice or consultancy in order to

provide training and employment opportunities for unemployed people in cases of financial or othercharitable need through help in setting up their own business, or to existing businesses

~ The creation of training and employment opportunities by the creation of workspace, buildings and/or land

for use on favourable terms~ The provision of housing for those who are in conditions of need and the improvement of housing in the

public sector or in charitable ownership provided that such power shall not extend to relieving any local

authorities or other bodies of a statutory duty to provide or improve housing~ The maintenance, improvement or provision of public amenities~ The preservation of buildings or sites of historic or architectural importance~ The provision of recreational facilities for the public at large or those who by reason of their youth, age,

infirmity or disablement, poverty or social and economic circumstances have need of such facilities

~ The protection or conservation of the environment

~ 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 subject to the prior written consent of the

Charity Commissioners for England and Wales.

To determine strategies that when implemented will assist the regeneration of the Area of Benefit, in

partnership with HM Government, Sheffield City Council and the business, community and voluntary sector as

appropriate.

VAS Community Accountancy

Page 5: the year ended 31 March 2018

Longley 4G Limited

Directors' annual report {incorporation the Trustee's annual report) - continuedFor the year ended 31 March 2018

The historical context

Longley 4G was set up in 1998 as a company limited by guarantee and a registered charity to benefit theresidents of the deprived Longley estate in North Sheffield. From 1998 to 2003 three dilapidated shops werepurchased and refurbished and a new community hub built on Green 1 in 2007 (the 4 Greens in the middle ofthe estate were refurbished about the same time). These were to act as a physical focal point to stimulate thesocial, environmental and economic regeneration of Longley, through the use of rentable spaces for localbusinesses and community groups plus an activity hub for Longley residents.

By 2016 the original supporters were finding it difficult to sustain the organisation. As a result, the long-termviability of the charity was in doubt. A local regeneration charity called SOAR Community was approached andagreed to support the organisation so it could move back to sustainability. This avoided closure of a valuablecommunity asset and ensured the current local small business tenants could remain located in Longley,providing jobs, services and prosperity to the area.

SOAR Community started formally supporting Longley 4G on S July 2016 at the EGM, when five new Trusteeswere appointed, and the existing five Trustees resigned. A new member of staff, Louise Garretty wasappointed. Louise is supported and line managed by Hannah Downes, one of the new Trustees.

Achievement and Performance

The following has been achieved during the year:~ The finances have been stabilised and clear targets have been set to move the organization to a break

even position.~ We have successfully secured a working partnership with a new Longley 4 Greens Tenants and residents

association (TARA). We are supporting and developing this group to become more involved in thedevelopment and running of Longley 4G.

~ There has been a significant increase in usage of the activity hub~ We held Summer and Christmas fayres which were both well attended raising publicity for our existing

groups~ We hosted a holiday hunger family club working in partnership with SOAR, The Real Junk food project and

Sheffield International Venues. Over 30 families participated and each received lunch, craft sessions andtook part in sporting activities

~ Firm working partnerships have now been established with several organisation including Drink Wise AgeWell, Sheffield International Venues, Sheffield and Rotherham Wild Life Trust, Local Councillors, WEA,SAVTE, Sheffield City Council, Parkwood Academy, Pathways Primary School, Longley Little Ones, SouthYorkshire Police, SDR Fitness, Volunteering Matters and TARA

VAS Community Accountancy

Page 6: the year ended 31 March 2018

Longley 4G Limited

Directors' annual report (incorporation the Trustee's annual report) - continued

For the year ended 31 March 2018

Achievement and Performance (continued)

The following sessional activities are currently run at the centre regularly; the numbers relate to the number of

people attending each session~ Longley Littles Ones —a parent and toddler group - 25 attendees~ Community learning: ESOL classes, family learning —30 attendees~ Confidence through singing class —up to 30 attendees~ Sporting Chance —fitness sessions for males over 50 —10 attendees~ Box fit —run by a locally based not for profit business that we have supported to get set up —10 attendees~ Karate Class —10 attendees~ Drink Wise Age Well, a support group delivered by Royal Voluntary Service —20 attendees~ Wild at Heart, an over 50s project delivered by Sheffield Wildlife Trust —20 attendees~ Open circle —15 attendees~ 2 Worship groups —30 attendees

Future Plans

We will continue to look for partners who have projects and services that fit with the localneed.~ TARA are set to run a weekly coffee morning every Monday morning. This will enable local people to

socialise, meet their PCSO's, local Councillors and other organisations~ We want to further increase the use of community facilities creating a feeling that residents are involved

and play a part in the life of their neighbourhood. We are working with SDR Fitness and our Local

Councillor to secure resources for activities for young people.~ We continue to engage and involve Longley residents in the running of L4G and the activities provided:

We are supporting TARA which will shape and inform the development of new services and activities.

Currently they act as volunteers, support activities, and meet regularly. We hope that they will becomemore formally involved in the development of the centre and the governance of the charity.

~ We will continue to ensure that the 4 buildings are fully utilised and are in a good state of repair. The

following tenants use the offices spaces in the shop building: Inspire Care. We will continue to source new

tenants in our recently vacant properties.~ We are working in partnership with Sheffield City Council, Parkwood academy and Pathways Primary

school. We are in talks and thinking of ways to improve the community green spaces. We are also aiming

to develop a youth forum giving young people ownership of their Community spaces

VAS Community Accountancy

Page 7: the year ended 31 March 2018

Longley 4G Limited

Directors' annual report (incorporation the Trustee's annual report) - continuedFor the year ended 31 March 2018

Financial performanceDuring 2017-18, there have been challenges securing and then maintaining paying tenants within the charity'sproperties, however sessional income from the Community Centre activities has been unprecedented andreflects the very hard work of staff and volunteers. To secure funding to cover salaries and other running costs,remains a priority.

Reserves policy

The organisation has the following reserves policy:

25%a of Longley 4G's turnover will be held as free reserves, to be used to pay salaries and debts in the event ofthe organisation ceasing to exist. This value as at 31 March 2018 is approximately f14,500.

The free reserves (general funds excluding the value of any tangible fixed assets) as at 31 March 2018 wasf28,206.

Staff and VolunteersThe Trustees are fortunate to have the enthusiasm and competence of Louise Garretty who manages the dayto day running of Longley4G Ltd she delivers an excellent service and provision for those who are increasinglyusing the facilities and provision. She has gathered a group of really competent and enthusiastic volunteers tohelp and they give willingly their own time to make the Centre a "go to" place in the locality.

Thanks

The Trustees would like to record their thanks to the many supporters and funding agencies for their time andfinance from throughout the city. As a board of Trustees we ensure the funds secured are used for the area ofbenefit; we seek to cover our running costs from income generated by dedicated activities and the rental ofour properties.

VAs community Accountancy

Page 8: the year ended 31 March 2018

Longley 4G Limited

Directors' annual report (incorporation the Trustee's annual report) - continued

For the year ended 31 March 2018

Directors' responsibilities for the financial statements

Company law requires the directors to prepare financial statements for each financial year, which give a true

and fair view of the state of affairs of the company at the end of the year and of the surplus or deficiency for

the year then ended.

In preparing those financial statements, the trustees are required to: select suitable accounting policies and

then apply them on a consistent basis, making judgements and estimates that are prudent and reasonable.

The Trustees must also prepare the financial statements on the going concern basis unless it is inappropriate

to presume that the charity will continue in business.

The directors are responsible for keeping proper accounting records which disclose, with reasonable accuracy

at any time, the financial position of the company, and enable them to ensure that the financial statements

comply with the Companies Act 2006. The directors are also responsible for safeguarding the assets of the

company and hence for taking reasonable steps for the prevention and detection of fraud or other

irregularities.

Small company provisions:

This report has been prepared in accordance with the special provisions for small companies under Part 15 of

the Companies Act 2006.

The directors declare that they have approved the directors' report above on 26 July 2018.

Signed on behalf of the directors:

Anthony Whiting

Chair

VAS Community Accountancy

Page 9: the year ended 31 March 2018

Independent Examiner'5 report to the directors of Longley 4G Limited ("theCompany" )

I report to the directors on my examination of the accounts of the Company for the year ended 31 March2018.

Responsibilities and basis of report

As the directors of the Company you are responsible for the preparation of the accounts in accordance withthe 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 the2006 Act and are eligible for independent examination, I report in respect of my examination of yourcompany's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying outmy examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the2011 Act.

Independent examiner's statementI have completed my examination. I confirm that no matters have come to my attention in connection with theexamination giving me cause to believe:

1. accounting records were not kept in respect of the Company as required by section 386 of the 2006Act; or

2. the accounts do not accord with those records; or3. 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 aspart of an independent examination; or

4. the accounts have not been prepared in accordance with the methods and principles of theStatement of Recommended Practice for accounting and reporting by charities applicable to charitiespreparing their accounts in accordance with the Financial Reporting Standard applicable in the LIK andRepublic of Ireland (FRS 102).

I have no concerns and have come across no other matters in connection with the examination to whichattention should be drawn in this report in order to enable a proper understanding of the accounts to bereached.

Signed:

5 h L htf t, ACA, DCAA

Voluntary Action Sheffield

Community Accountancy ServiceThe Circle

33, Rockingham Lane

Sheffield

51 4FW

Date: N AUquSJ 0(OIK

VAS Community Accountancy

Page 10: the year ended 31 March 2018

Longley 46 Limited

Statement of financial activities

(incorporating the income and expenditure account)

for the year ended 31 March 2018

Income from:

Donations and legacies

Charitable activities

Investments

Notes

General

fund

18,87636,377

7

Designated

funds

f

Restrictedfunds

f

3,000

2018Total

f

21,87636,377

7

2017Total

f

22,30138,597

58

Total income 55,260 3,000 58,260 60,956

Expenditure on:Charitable activities 48,978 28,375 4,500 81,853 95,038

Total expenditure 48,978 28,375 4,500 81,853 95,038

Net income/(expenditure)

Transfers 12 & 13

6,282

1,000

(28,375)

968,052

(1,500) (23,593) (34,082)

(969,052)

Net movement in funds 7,282 939,677 (970,552) (23,593) (34,082)

Reconciliation of funds:

Total funds brought forward 20,924 159,338 970,552 1,150,814 1,184,896

Total funds carried forward 28,206 1,099,015 1,127,221 1,150,814

The statement of financial activities includes all gains and losses recognised in the year. All of the charitable company's

operations are classed as continuing.

~NteThe year end result before accounting adjustments is a surplus of f4,782, however the accounting year end result, which

includes a depreciation charge of f28,375, is a loss of -f23,593 as seen above in the SoFA.

The 2017 year end result before accounting adjustments was a loss of -f5,708, however the accounting year end result,

which included a depreciation charge of f28,374, was a loss of -f34,082 as seen above in the SoFA.

VAS Community Accountancy

Page 11: the year ended 31 March 2018

Longley 4G Limited

Balance SheetAs at 31 March 2018

Notes

General

fund

f

Designated

funds

f

Restricted

funds

f

2018Total 2017

f fFixed assetsTangible assets

Investments

Total fixed assets

501,099,015

50 1,099,015

1,099,015 1,127,39050 50

1,099,065 1,127,440

Current assetsDebtors

Cash at bank and in hand

Total current assets

10 24,64625,93550,581

24,64625,935

8,01118,864

50,581 26,875

Creditors: amounts falling due

within one year (22,425) (22,425) (3,501)

Net current assets

Total assets less current lIabilities

28,156

28,206 1,099,015

28,156 23,374

1,127,221 1,150,814

Creditors: amounts falling dueafter one year

Total net assets 28,206 1 099 015 1,127,221 1,150,814

Represented By

FUNDS

General funds

Designated funds

Total unrestricted funds

Restricted funds

Total charity funds

12

13

28,206 28,206 20,9241,099,015 1,099,015 159,338

1,127,221 180,262970,552

28,206 1099,015 1 127 221 1,150,814

For the year ending 31 March 2018 the company was entitled to exemption from audit under section 477 of theCompanies Act 2006 relating to small companies.Directors' responsibilities:~ The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act

2006.~ The director's acknowledge their responsibilities for complying with the requirements of the Act with respect to

accounting records and for the preparation of accounts.

The accounts have been prepared in accordance with the special provisions relating to companies subject to the smallcompanies regime within part 15 of the Companies Act 2006.

Approved by the board on 26 July 2018 and signed on its behalf by:

Anthony Whiting

Chair

VAS Community Accountancy

Page 12: the year ended 31 March 2018

Longley 4G Limited

Notes to the Accounts

for the year ended 31 March 2018

Accounting Policies

(a) Basis of preparation

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended

Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and

Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK

and Republic of Ireland (FRS 102) and the Companies Act 2006. The financial statements have also adopted Charities SORP (FRS 102)

Bulletin 1 and have taken the exemption not to prepare a cash flow statement.

The charity meets the definition of a public benefit entity as defined under FRS102.

(bi Income

Income is recognised in the SOFA when the charity has entitlement to the funds, any performance conditions attached to the monies have

been met, the receipt of the income is probable and its amount can be reliably measured.

Funding for projects is recognised when the charity has entitlement to the funds, any performance conditions attached to the

projects/grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not

deferred.

(c) Expenditure and llabglties

Expenditure is recognised where an there is a legal or constructive obligation to pay a third party, it is probable that settlement will be

required and the amount of the obligation can be reliably measured. AR expenditure is reported gross of irrecoverable VAT.

(d) Tangible fixed assetsTangible fixed assets are stated at cost less depreciation. Any assets purchased below ES00 are written off at the time of purchase.

Depreciation is provided at rates calculated to write off cost of those assets, less their residual value, over their expected useful lives on

the following basis:

Freehold property

Long term Leasehold propertyLeasehold property improvements

Office & IT Equipment

(e) Fixed asset Investments

Investments are a form of basic financial instrument and are initially recognised at their transaction value and subsequently measured attheir fair value as at the balance sheet date using the closing quoted market price. The statement of financial activities includes the net

gains and losses arising on revaluation and disposals throughout the year.

Realised gains and losses

All gains and losses are taken to the Statement of Financial Activities as they arise. Realised gains and losses on investments are calculated

as the difference between sales proceeds and their opening carrying value or their purchase value if acquired subsequent to the first day

of the financial year. Unrealised gains and losses are calculated as the difference between the fair value at the year end and their carrying

value. Realised and unrealised investment gains and losses are combined in the Statement of Financial Activities.

ig) 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.

(h) Trade debtorsTrade debtors are amounts due from customers for services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective

interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective

evidence that the company will not be able to collect as amounts due according to the original terms of the receivables.

Trade creditors

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 twelve months after the reporting date. If there is an unconditional right to defer

settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest

method.

VAS Community Accountancy 10

Page 13: the year ended 31 March 2018

Longiey 4G Limited

Notes to the Accounts - continued

for the year ended 31 March 2018

1 Accounting Policies - continued

0) Fund accounting

Unrestricted funds are donations and other income receivable or generated for the objects of the organisation without further specified

purpose and are available as general funds.

Designated funds are unrestricted funds of the charity which the trustess have decided at their discretion to set aside to use for a specificpurpose.

Restricted funds are either donations which the donor has specified are to be solely used for particular areas of the charity's work or grantincome sought for specified activities.

2 Income from grants and donationsGeneral

Fund

E

Designated

Funds

f

Restricted

Funds

f

2018Total

E

2017Total

f

Grants

Donations In Kind

General donations18,876

18,876

3,000

3,000

3,00018,876

2,50019,387

41421,876 22, 301

3 Income from charitable activitiesGeneral

Fund

E

Designated

Funds

f

RestrictedFunds

2018Total

f

2017Total

E

Property rental income

Room hire income

Other income

17,30116,258

2,81836,377

17,30116,258

2,81836 377

21,45312,4964,648

38 597

4 Income from Investments

General

Fund

f

Designated

Fllllds

E

Restricted

Funds

f

2018Total

E

2017Total

f

Bank InterestDividends and interest from listed investments

85058

VAS Community Accountancy

Page 14: the year ended 31 March 2018

Longley 46 Limited

Notes to the Accounts - continued

for the year ended 31 March 2018

5 Expenditure on chaditable activities

Notes

General

Fund

E

Designated

Funds

E

RestrictedFunds

E

2018Total

f

2017Total

f

Staff costs

Volunteer Expenses

Building costsBuilding Maintenance

Business Rates

WaterRent

Electric

Gas

Insurances

Waste & Recycling

Security & Fire

Garden Maintenance

Cleaning

Telephone & internet

Depreciation

Offic costsHospitaility & Catering

Stationery

Photocopying

Room Hire

Subscriptions

Publicity & Marketing

IT Equipment

Office Equipment

Legal / Consultancy

Bank Charges

Support costsBad debts

Sundry Expenses

Independent examination

Investment write off

19,376

5,7151,175

86015

5,228

1,9615,005

292

2,533144

2,748654

24462

5435

284

1728

113

1,800

500

28,375

4,500 23,876

5,7151,175

86015

5,228

1,9615,005

2922,533

1442,748

65428,375

24462

5435

284

1728

113

1,800

500

29,86867

5,1491,3251,206

468,0973,0515,421

3631,193

486

1,746822

28,374

80688560

383704144151149

4,960900140

48,978 28,375 4,500 81,853 95,038

6 Staff costs2018

f2017

E

Salaries

Employer's Nl

Employer's pension contributions

Redundancy costs

21,0641,3671,445

23,688

8055,333

Average number of FTE employees

The charity has joint employment contracts with SOAR. There were 2 employees with a joint contract in the year.

No employee received emoluments of more than E60,000 in either year.

VAS Community Accountancy 12

Page 15: the year ended 31 March 2018

Long(ay 4G Limited

Notes to the Accounts - continued

for the year ended 31 March 2018

7 Trustees remuneration, benefits and expensesTrustees received no remuneration or expenses in their role as trustees.

8 Tangible fixed assetsLocal 4 Greens long

Hub leaseholdE E

Otherlongleaseholds

E

Equipment

E

Total

ECost

As at 1 April 2017Disposals

As at 31 March 2018

950,419 215,295 252,990 42,241(37,241)

1,460,945(37,241)

950,419 215 295 252,990 5,000 1,423,704

DepreciationAs at 1 April 2017Charge this period

Disposals

As at 31 March 2018

190,01519,009

209,024

47,3694,306

51,675

53,9305,060

58,990

42, 241

(37,241)5,000

333,555

28,375

(37,241)324,689

Net book value

As at 31 March 2018 741,395 163,620 194,000 1,099,015

As at 31 March 2017 760,404 167,926 199,060 1 127 390

The equipment cost has been decreased to a more realistic value of the assets still owned by the charity.

The property assets of the organisation as shown above have the following legal charges outstanding on them, which in the event ofliquidation would need to be met from the sale proceeds of any assets sold prior to the settlement to other creditors.

Name

Big Lottery Fund

Sheffield City Council

Sheffield City Council

TypeLegal Charge

Legal Charge

Debenture

PropetryGreen 1 Southey Avenue

Land and community centreFixed and floating charge over ag assets

9 Fixed asset Investments

2018E

2017E

Cost b/fwd at 1 April 2017Disposals at cost

Cost c/fwd at 31 March 2018

50 190(140)

The investments comprise the following at valuation:

ESP Projects 50 50

10 Debtors

2018 2017E

Trade debtorsOther debtorsPrepayments

Accrued Income

24, 099400147

3,904400

2,859848

24,646 8 011

VAS Community Accountancy 13

Page 16: the year ended 31 March 2018

Long(ay 46 Limited

Notes to the Accounts - continued

for the year ended 31 March 2018

11 Creditors: amounts falling due within one year2018

f2017

f

Trade creditors

Accruals

Other creditors

92920,146

1,350

1,3461,755

400

12 Designated funds

Balance

b/fwd

f

Balance

Income Expenditure Transfers c/fwd

f f f f

Property

Local Hub

4 Greens

Other long leasehold properties

159,338 (159,338)(19,D09) 760,404 741,395

(4,306) 167,926 163,620

(5,060) 199,060 194,000

159,338 ,0 ,0

The properties held have been transferred into designated funds to make the general activites of the charity clearer. The properties were

mostly funded by external funders, however the use of the buildings is not restricted beyong the objects of the charity.

The purchase or building of the properties were funded by the following:

Local Hub 4 Greens

SCEDU BTCV

Sheffield City Council Countryside Agency

JG Graves Charitable Trust Enventure

Evolve GM

HMR

Big Lottery

Other long leasehold propertiesSheffield City Council - Local Enterprise Growth

Initiative

13 Restricted funds

Balance

b/fwd

f

Balance

Income Expenditure Transfers c/fwd

f f f f

Sheffield Town Trust

Sheffield Church Burgesses Trust

JG Graves Charitable Trust

~pro

Local Hub

Four Greens property

Other long leasehold properties

2,500

764,143164,67639,233

(2,500)2,000 (2,000)1,000 (1,DDD)

(764,143)(164,676)

(39,233)

The restricted funds have been given towards activity costs. The JG Graves Charitable Trust grant has been spent and the funders are

happy that the grant has been used for the purposes it was given.

Property - see designated fund note for more details

14 Related party transactions

The organisation has directors and key staff in common with SOAR Community (Charity number 1112008). Shared staff costs totalled

E23,876 in the year (2017:f19,387). Donated services (gifts in kind) amounted to f18,876 in the year (2017: f19,387).

VAS Community Accountancy 14

Page 17: the year ended 31 March 2018

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