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REGISTERED NUMBER: 00368978 (England and Wales)















Doncaster Chamber of Commerce and
Enterprise

Report of the Directors and

Financial Statements For The Year Ended 31 March 2024






Doncaster Chamber of Commerce and
Enterprise (Registered number: 00368978)






Contents of the Financial Statements
For The Year Ended 31 March 2024




Page

Company Information 1

President's Report 2

Report of the Directors 3

Report of the Independent Auditors 5

Income Statement 7

Balance Sheet 8

Notes to the Financial Statements 9


Doncaster Chamber of Commerce and
Enterprise

Company Information
For The Year Ended 31 March 2024







DIRECTORS: Kelvin Fitton
Michael Luke Wilkinson
Dan Fell
Jill Wood
Fabian Braithwaite
Sarah Louise Naylor
James Carley
Andrew Morley
So Him Fong
Susan Maria Brain England
Neil Christopher Mallinson
John Edward Rees
Lee Geoffrey Tillman
Luke Fermor
Don Neville
James Woods
Gemma Peebles
Pippa Claire Mell



SECRETARY: Sophie Tia Moore



REGISTERED OFFICE: Oak House
Heavens Walk
Doncaster
DN4 5HZ



REGISTERED NUMBER: 00368978 (England and Wales)



SENIOR STATUTORY AUDITOR: Mark Garrison BCom FCA DChA



AUDITORS: Kingswood Allotts Limited, Statutory Auditor
Chartered Accountants
Sidings Court
Lakeside
Doncaster
South Yorkshire
DN4 5NU

Doncaster Chamber of Commerce and
Enterprise (Registered number: 00368978)

President's Report
For The Year Ended 31 March 2024

In 2023/24, Doncaster Chamber produced an outturn of £67,075. This was against a budgeted deficit of -£34,996 and, as such, represents a positive financial outcome for the business, following a shortfall against budget in the previous financial year of 2022/23.

The positive variance against budget can, in part be attributed to the fact that an office move - originally slated for 2023/24 - did not actually occur until late in the summer of 2024, meaning that the associated costs have rolled over into the 2024/25 financial year. However, tight cost control and better than budget performance in several commercial lines has contributed too.

Notwithstanding the one-off costs associated with moving to better suited premises, the Chamber is in a healthy position, having concluded 2023/24 with reserves of £308,273. For context, this is £170,083 more than the minimum threshold agreed by our organisation's board of directors and is comfortably in line with the British Chambers of Commerce's accreditation requirements as well.
Looking beyond numbers, the past financial year also saw the Chamber achieving some big wins for itself, for the business communities that it serves and for our city. As always, our events programme proved to be a real triumph, building upon the success of recognised flagships like the Opportunities Doncaster Live careers fair and the Doncaster, What's Next? Business Conference, both of which returned in style while we also debuted a brand new (and extremely popular) Women in Business Conference. The latter was introduced to provide a forum for members to more thoroughly explore issues related to gender equality, as well as to share inspiring stories from some of our region's most accomplished businesswomen.

Meanwhile, the Doncaster Business Awards celebrated a milestone 25th anniversary in December 2023; a special occasion that was marked with a refreshed list of categories, a record-number of entries being submitted, and a proud reflection on all that's been achieved (both in and by our city) over the past quarter-decade.

Elsewhere, the Chamber (alongside its neighbouring counterparts in Sheffield and Barnsley & Rotherham) led the development and subsequent publication of the South Yorkshire Local Skills Improvement Plan in 2023. Drawing upon in-depth consultations with thousands upon thousands of businesses; this progressive document explored the various skills gaps that are currently holding our region back and went on to outline 36 practical, and very achievable recommendations, for tackling them. Going forward, the South Yorkshire Chambers will all be playing an instrumental role in bringing these LSIP recommendations to life, for the good of our employers, residents, and the region's productivity.

After experiencing some disruptive staff churn in recent years, 2023/24 also saw the Chamber getting into a much more stable position. Recognising that internal issues can (and indeed, have in the past) adversely impact the organisation's performance, we are pleased to report that employee retention has increased by 20% and that our newly introduced People Plan seems to be having the intended effect.

Of course, in addition to these headlines, the Chamber continues to prioritise its core membership growth and business support activities, which form the very backbone of the organisation. And with a target of increasing said membership base to 850 in the financial year of 2024/25, this is only set to improve further.

Speaking of which, other key objectives for 2024/25 include: the publishing of an ambitious business manifesto (to help guide the Chamber's policy and advocacy work); the consolidation of certain flagship events (alongside the improvement of others); the development of entirely new income streams; the ongoing delivery of the LSIP project; the further development of our own team; and the aforementioned change of premises.

This will all be against an exciting backdrop for our city and South Yorkshire at large. In 2023, CDC announced that - thanks to a hard-fought battle and tireless collaborative effort involving many stakeholders - it had agreed to a 125-year lease for the Doncaster Sheffield Airport (DSA) site. With the outlook now seeming brighter than ever before with these negotiations, it is only a matter of time before our region finally gets its international airport back. And when that happens, the Chamber will be working closely alongside its partners and the business community to make sure that everyone gets behind this strategic asset (worth up to £1.5 billion for the local economy) and that the project is a true success this around. Elsewhere, there is also work underway to transform the region's skills system (courtesy of the LSIP) and to revitalise Doncaster city centre; both of which will be top priorities for the Chamber going forward.

In short, the organisation ended 2023/24 in a sturdy position and is poised to achieve a lot in 2024/25, courtesy of a stronger team, a greater level of financial independence, new income streams, and some ambitious objectives.

I would like to take this opportunity to thank everyone involved in making this past year such a resounding success, including my valued colleagues, valued members, and Team Doncaster partners. We look forward to continuing our work together to deliver upon our vision of making Doncaster the best place in the UK to do business.

Doncaster Chamber of Commerce and
Enterprise (Registered number: 00368978)

Report of the Directors
For The Year Ended 31 March 2024

The directors present their report with the financial statements of the company for the year ended 31 March 2024.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 April 2023 to the date of this report.

Kelvin Fitton
Michael Luke Wilkinson
Dan Fell
Jill Wood
Fabian Braithwaite
Sarah Louise Naylor
James Carley
Andrew Morley
So Him Fong
Susan Maria Brain England
Neil Christopher Mallinson
John Edward Rees
Lee Geoffrey Tillman

Other changes in directors holding office are as follows:

Mark Pepper - resigned 31 December 2023
Karen Lesley Beardsley - resigned 31 December 2023
Heather April Boyce - resigned 31 December 2023
Luke Fermor - appointed 1 January 2024
Don Neville - appointed 1 January 2024
James Woods - appointed 1 January 2024
Gemma Peebles - appointed 1 January 2024
Pippa Claire Mell - appointed 1 January 2024

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors 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 company and of the surplus or deficit of the company for that period. In preparing these financial statements, the directors are required to:

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and 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. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.


Doncaster Chamber of Commerce and
Enterprise (Registered number: 00368978)

Report of the Directors
For The Year Ended 31 March 2024

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:




Dan Fell - Director


5 November 2024

Report of the Independent Auditors to the Members of
Doncaster Chamber of Commerce and
Enterprise

Opinion
We have audited the financial statements of Doncaster Chamber of Commerce and Enterprise (the 'company') for the year ended 31 March 2024 which comprise the Income Statement, Balance Sheet and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the company's affairs as at 31 March 2024 and of its surplus for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

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

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

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

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

Other information
The directors are responsible for the other information. The other information comprises the information in the Annual Report, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Report of the Directors has been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit; or
- the directors were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Directors.

Report of the Independent Auditors to the Members of
Doncaster Chamber of Commerce and
Enterprise


Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page three, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The specific procedures for this engagement and the extent to which these are capable of detecting irregularities, including fraud is detailed below:

- Enquiry of management and those charged with governance around actual and potential litigation and claims;
- Reviewing minutes of meetings of those charged with governance;
- Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations, including evaluation of the appropriateness of the accounting policies used;
- Performing audit work over the risk of management override of controls, including testing of journal entries, grant contracts and other adjustments for appropriateness and reviewing accounting estimates for bias;
- Evaluate the underlying assumptions and review the future budgets to support the going concern assessment.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

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

Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Mark Garrison BCom FCA DChA (Senior Statutory Auditor)
for and on behalf of Kingswood Allotts Limited, Statutory Auditor
Chartered Accountants
Sidings Court
Lakeside
Doncaster
South Yorkshire
DN4 5NU

6 November 2024

Doncaster Chamber of Commerce and
Enterprise (Registered number: 00368978)

Income Statement
For The Year Ended 31 March 2024

2024 2023
Notes £    £   

TURNOVER 1,191,642 1,345,801

Cost of sales 415,310 458,798
GROSS SURPLUS 776,332 887,003

Administrative expenses 727,142 905,700
OPERATING SURPLUS/(DEFICIT) 49,190 (18,697 )

Interest receivable and similar income 17,885 7,427
SURPLUS/(DEFICIT) BEFORE TAXATION 67,075 (11,270 )

Tax on surplus/(deficit) 4 - -
SURPLUS/(DEFICIT) FOR THE FINANCIAL YEAR 67,075 (11,270 )

Doncaster Chamber of Commerce and
Enterprise (Registered number: 00368978)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 2,780 5,522

CURRENT ASSETS
Debtors 6 244,640 218,522
Cash at bank and in hand 390,662 392,855
635,302 611,377
CREDITORS
Amounts falling due within one year 7 329,809 375,701
NET CURRENT ASSETS 305,493 235,676
TOTAL ASSETS LESS CURRENT LIABILITIES 308,273 241,198

RESERVES
Income and expenditure account 308,273 241,198
308,273 241,198

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 5 November 2024 and were signed on its behalf by:




Dan Fell - Director



Fabian Braithwaite - Director


Doncaster Chamber of Commerce and
Enterprise (Registered number: 00368978)

Notes to the Financial Statements
For The Year Ended 31 March 2024

1. STATUTORY INFORMATION

Doncaster Chamber of Commerce and Enterprise is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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

Turnover
Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Rendering of services:

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
- the amount of turnover can be measured reliably;
- it is probable that the company will receive the consideration due under the contract;
- the stage of completion of the contract at the end of the reporting period can be measured reliably; and
- the costs incurred and the costs to complete the contract can be measured reliably.

Membership and patronage fees:

Turnover from membership and patronage fees is recognised on a straight-line basis over the term of which it relates.

Turnover not recognised in the profit and loss account under this policy is classified as deferred income on the balance sheet and recognised as turnover in the period to which it relates.

Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

At each reporting date the company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

The company adds to the carrying amount of an item of fixed assets the cost of replacing part of such an item when that cost is incurred, if the replacement part is expected to provide incremental future benefits to the company. The carrying amount of the replaced part is derecognised. Repairs and maintenance are charged to profit or loss during the period in which they are incurred.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery - 33% on cost

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.


Doncaster Chamber of Commerce and
Enterprise (Registered number: 00368978)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Operating leases
Operating lease payments are charged to profit or loss on a straight-line basis over the lease term.

Doncaster Chamber of Commerce and
Enterprise (Registered number: 00368978)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Government grants
Grants are accounted under the accruals model as permitted by FRS 102. Grants of a revenue nature are recognised in the profit and loss account in the same period as the related expenditure.

Financial instruments
The company has elected to apply Sections 11 and 12 of FRS 102 in respect of financial instruments.

Financial assets and financial liabilities are recognised when the company becomes party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

The company’s policies for its major classes of financial assets and financial liabilities are set out below.

Financial assets:

Basic financial assets, including trade debtors and cash and bank balances, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest for a similar debt instrument. Financing transactions are those in which payment is deferred beyond normal business terms or is financed at a rate of interest that is not a market rate.

Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

Financial liabilities:

Basic financial liabilities, including trade and other creditors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Financing transactions are those in which payment is deferred beyond normal business terms or is financed at a rate of interest that is not a market rate.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Impairment of financial assets:

Financial assets measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the profit and loss account.

For financial assets measured at cost less impairment, the impairment loss is measured as the
difference between the asset's carrying amount and the best estimate of the amount the company would receive for the asset if it were to be sold at the reporting date.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between the asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If the financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

Derecognition of financial assets and financial liabilities:

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) despite having retained some significant risks and rewards of ownership, control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Offsetting of financial assets and financial liabilities:

Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.



Doncaster Chamber of Commerce and
Enterprise (Registered number: 00368978)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued
Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

Share capital
Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.

Defined contribution pension plan
The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2023 - 20 ) .

4. TAXATION

Analysis of the tax charge
No liability to UK corporation tax arose for the year ended 31 March 2024 nor for the year ended 31 March 2023.

5. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 April 2023 16,299
Disposals (2,296 )
At 31 March 2024 14,003
DEPRECIATION
At 1 April 2023 10,777
Charge for year 2,741
Eliminated on disposal (2,295 )
At 31 March 2024 11,223
NET BOOK VALUE
At 31 March 2024 2,780
At 31 March 2023 5,522

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 150,784 87,281
Prepayments and accrued income 93,856 131,241
244,640 218,522

Doncaster Chamber of Commerce and
Enterprise (Registered number: 00368978)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 110,673 140,074
Taxation - 3,754
Social security and other taxes 27,215 12,845
Other creditors 3,015 3,882
Accruals and deferred income 188,906 215,146
329,809 375,701

8. OTHER FINANCIAL COMMITMENTS

At the year end, the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £31,374 (2023: £59,544).

9. RELATED PARTY DISCLOSURES

Due to the nature of the company's operations and the composition of its board of directors being drawn from the local business community, it is inevitable that transactions will take place with organisations in which a director may have an interest. All such transactions are conducted in accordance with the company's normal procurement procedures.

10. SHARE CAPITAL

The company is limited by guarantee and does not have a share capital. Each member is limited to a maximum liability of £1.