TIT DFI CIAL STAT MENTS F T MARCH Pa TwstO88' r8Ffjrt Indopendent •x8mlnorf8 repcl Statqmonl offin8591 &Nle8 and SnL¥Mno aThJ woThlMur• 8(wJnt B•lan¢o 8hetst Prfndpel acCn11n9 1fy11 Note8 to the fjnandal 12-18
Fl rrED GISTERED IN EN LANO AND W UND COMP MBER 130 REDC
FIELD INSTrruTE MITED UDrrED TEM FOR TH EAR END TRUSTEES, ANNUAL REPORT Th8 tnJstéo8 pres8nt thwr annual dirgctors, r8POrt aNJ the unoLkYrted finartio18tstements of the charfty for the year eNled 31st Marth 2021 (Ch arè 8130 prep8r•J to meet the requirements for a directors, rnput acco$ for Companw A£t ObJect8 of th• charfty Thè objects ofthe charity ar•.. To prcffiots eduonal and tralning opporiunitss in the cty of Sheffield arbj elsewhere (th area of Lnefill wSth sp8dal omphasis prowding actsss to Such opkN)rtunItS for who are. by rea80n or ec¥JnomlG d188¢Jv8ntsg8. unat4e to 9gln 8(xss. 2 The adv8neém•nl of rjllzanthlp In partknLgr IhrfA4h the wovtslcffj oftralnlno ind g¢Nce 80 as t dwlop tho capBfity arKI Fx8nti81 of IrKlfv*Jual8 to pothpatg fijty in 8od•ty. To 18lleve UmplOYnt in the ar8a of benefit by tho sxtsvi6k)n of $nd trainiThJ to unèmpbyed Indlviduals nCernIng gmr4oym8nt and 88W tylwkjyTht and th• ¥ln of cv wrillng, Aob 8•8rch and lob dub facilitw for thom Th• oro9 ofbenefft l• th• &ty ofShofflehJ •rKI Publlc b•n•fft The trustee$ ¢onsh1er that thay have ¢crfnpll&J th& duty In Section 17 ofthtr Charities Act 2011 lo hove due regard to wblK iwefit gui(lanca pUblhl by tho Charrties c0mnmssK and that Ihe atatemenl ol the background, history and to date dgtrvJnstr8tes that Ihe ch8rfty do18r8 publlc bonaftt. Background, hl•tory, cll•nt grovp •nd pogltlon to d•t• HBdfiold InsUtut8 {lorm¢rty the Yam8nl E(X)r4)m & TralnlThJ C•ntrel wa8 88tAbl8h•d In 1994 wllh Urban Prcgramma mow, follovhng o suryoy of the no8d$ ofthe cg)mrnunty In Shoffleld. whl¢h was rtgalf th• rnsult of a unthad voKo and preBsure from Yemenl c4ynmunity. Slnce then, rt h88 dellv8red a rarrtJ of tr8lnlng and empkjymènt iniba16ves, spedaltslng In EryJli8h as an Addlb'cffial LarrfJuag8 ¢omblnod wllh y1)nal trainiro. in parbculaf IT. 'H8dfiokl' reflect8 tha history of Ihe 8ts•1 ItM1u$ty and Yem8nl8 In Sh8ffleld.' Robert Abbott H8dfield. a fc¥Jndar of HadfiBbd'$ 8t001 eompany 8nd worfd.fAmtW$ mot8llurgt8t Wag tK)m In the centr&'8 front bjikling and mY Yerneni stsehKrfkèrs worked at Hadfi8ld'g at 8om& polnt. 'In8dtute' r8fia¢ts the valu88 of thè tyganlsaticffl whkth e&wnfjdly lh8 sam8 As those upheld by th8 Wom8n'$ Insututo and M8n'8 Irolttul•s in the 8rfUsh tradfiw cl educalC- mutual h81p 8nd l•arning, truth and jusbce. Tho malorty olthe Ywnanl trnty flrnt 80tUed In Sffid dudng the 19508 •ncouraged by the BrSh Govomment of th• day. Many lound 8mkYoyTr¢nt in the 6t8d I19¥ durfftg the perfod of LgbcAJr 8hortage. At that tlmo. th& fact that Ihey lack ts abilty to wri18 English was barTlor lo gatbng jobs. Inltkity, many Yemeni men s&tUed in Sheffiehj and ter ht their faMleS to join lh. 1118 estimated that durftvJ thé htyd8y oftho stsol industy gver 20,OCQ YnIs10d in Sheffi81d. P•ge 1
HADFI LIMrrED UNAUDITED FI ATEmErS FOR THE YEAR ENOED 31ST MAR 21 TRUSTEES. ANN B¥ckground, hlltory, cll•rt group and po•ltlon to d•t• leonllnu•d) Following thè severe d8dine of th8 Steel industy in Sheffifjld vthKh calwd wd•spr•ad job ki88as In th• c¢mrnunity, the Yemeni lMMUnty- th& dovekywl oftr Att8rdiffe eMtrè-wa5 on& ofthe fitst dthng forces to estsblish a Community Lrter8cy Camp80gn In the ryty. The ¥Ltcce¥w of this initbal cmpaign l&J to Icry8r.t8rn1 prcgramnw cenlr•J lrtw arnj I11n9 projects. Th& d)arlty jntinues to work'heThJ in hoTrJ' wlth Ax)idng cMunItie8 TryJether Ltd to pffjde 8 number of e88ential 8eMce8 to th• Yomenl &)mmunty aLYOSS Sh&ffldd •Hhough Insthuté sèNes an Incrnaslngty div8rn0 group with neficIaTI being dra from all se(kn18 of c1munItie5 in wJrToundlro n81ghtsawhs lurthar 8fi•ld. Th• cwganfis8lon 8egk8 to th In partneh1P wlth othor tygan8ti'on$ to dolivor 50rvk•8 and ccffjb"nuo8 to PTovld8 C4pautyJlldlng support to srnall communty oTrJanlsaUo. Th8 rrent rary ofocmas refits dlvwso dlont baso. (M th& on& hand, m8mbeT8 of bl& and rn11ty 8thnk Commun8¥ Conlin to •XPorf¥w disprDwJttionat• dl88dv8ntw in thtr labouT market are helped wthh lnfcffl1l, a¢fvKe and career8 guKlance and bosic IT sk1. We ¥180 offer Chartered Manag&nl ID8tibJlo. management and leadership qUaficatIon8 at higher levels and Engush cc4Jtsès fcr dèpandants of int)ti1 stLAlènts. R•vl•w ol •¢tlvl1l and ftrtur• Th1¥ flnancLg1 year. wlth the PandemSc, lh8 offKt ha8 ten extrnrth dwfict. wlth the n8ture of our wc¥k. there has b08n grn8t d8m8Th1. Howavof thg rn9)urw ho bgon Ilm6t8d duo lo Iho rn8tridtons thAt W8rg appllgd undor th& Gov8mmenl Guhdelir5. We were 8CeSsIu1 In securfro fundlw frryn ts knm(mfty Fund for 8 8 monlh prO1t tr> support tho demand and need for a'Rawd ResF)nse' Vthere many BAMER fam na8d&J support to get through htyrlficloumoy In the porwJeThk In 98oJrlng ts grant w•r• obbg to rnryult ¢>Jmrnittgd Vrjuntsors, additiorwl 8taff and 8UStain the current gtsff & volunl¢gr8. "Brfdg8 Tho Gap. was eBtabllBh•J and wth th18 wa d8v8lopod tho FOOD PHARMACY & the Adv¢w SeThk. Th& h8d Ihroa key bnd6 to tts sery6cp a5 follow6.. • A telephone H•lF41n• Lhw to many 8lwggllrrtJ IANJuagtr b8rrlar8. In th• earfy days oftha Pand•mi¢ th•r• w¥$ • hlgh d•m•nd for signpJsl¥ig and advocacy supporl. • Th• Fc4Jd Ph8mw tho1 w48 8eoJre(l thiow a b8)bOn and partn8rthip work V+ith"Fare Shar8 Ythshire.. We supwt 210 famllles locJ pa8 8ThJ 88818t8d Ih8m th118t they 801f48c48tfJ. • Supp(KUro thg ddorfy Vlto struggliNJ to W ¢>JL or mako ojntaca for medlcal Pp1 c other need Ihey requlred. Flnanclal r•vl•w Tho ¢harity8 total income Iwe81 Blgnlficanty. by £122k. to £220k, due wknarity lo the hlgher grant Income and furfough d8lm$. Eyndilur& 8180 Irwyg9Sod. by £52k to £130k duo to addonal wAg8S and direct proAe¢l wsts. There was o surplus ts the yeor of£90k vknith hos incxease(l the th8rity8 fuTh1 balan¢e8 to £566k. The chariV$ reseN8s al 31st Marth 2021 wère £161k12020- £79kl.
FIELD IN TITUTE UM ANC TATEMENTS FOR TH EAR END TRUSTEES. NUAL R Inv•8tm•nt• Tho charity has no Invgstrn8nts otherth8n t%rrent bank ae¢wnts. The wopety hdd Is mt Invesbnent WOP9ty but 1$ there to prov¥Je suit8t4è f#tsliti88 to C8rry tho arftys lt8. Incyd8nW ItKom815 gral by th& Oflrx¥ and facilth¥. Our r88eTves po16cy meets th8 organisalicffl's naads in tsnn8 of rts to payfor fAimmitmenis SLth aJ rent and rate8 on tlIdrs arvj stsff4d4I costs for &MamFI8 r8dundan¢y. as well as prov+ding cashflow for aGtivlties. projects an¢J seryThs. Thè wjllcy is T8Mv&J annualty aThJ Is s¢t to gnsuro that Hadfidd Instllute can meet ojntractual liabilities slb)uk1 the organisatbn hw8 to dosa, to unexpoctad eogts Ilka bwkdown of 0888ntial offKe machinery, stsff cover, andlegal o)sts defendlThJ th8 charftys Intorg51. aiw to r•place equlpm8nt that wears Lxrt. At)ve all, h ¢nsure3 that the Call C4Jnllnu9 to provhle rdiable, quallty 8ervlce8 thin this cx)ntoxt minimi8es recruthenL 8taff trainlng, Staff indudon aTrJ marketing costs by avomllng noed for r&JuThJancie8 88d by finN1 Our rnservgs policy was In IAarth 2012 tn thè IIDht of tha sharp forac9St of Incom•. The rurrent pcAicy Is thal.. 11 R•s•r be Maintsin at a levol wthlch onJurBs that o mlnknum of thr88 nK)nlh8' runnlng costs 01 tha an[SlI0n.8 cor• could o)ntknu¥ durfng a p8rk)d of unfoTo58en dlfflculty. 21 A proportlon of be maintsln8d in • re&Jily ro8118at49 form glven thgt Iho H8dfield In8Ntute 08t8t& consists of h¥0 buing8 us•J for g of education, training 8nd communlty a¢Uville8 and lèdllll8s mu& ba 8v8i18bl8 for u88 In 8 State vthth (>>nleS ¥Mth haalth and 89fvty requlramants. 31 m0Y must bg avallat46 to fund thg staff uIred to d8llvar proiocts 4nd sarvus to bènofi¢Oariw. Rlsk3 as8ociated •ath ¥tream of aThJ eNpwthire taken knto aro)Lml. These h&v8 proved lo high in t? last SIX years. wlth income lalllng by up to 50% In certain years. The Ve1 of re3erv83 h88 be8n sèt after considwaltm of Hadfield Instilul•'s PnnIng. budylrrfJ and foreca8tir4J cydas over lon-year period and tskes into ccmK18r8llon that the c¥g8nlsal)n'$ accr8dliatkJn8 and kntsvledge bas• wlll to Wn ¢trLts wh8n m•rko1 lrnwo¥8s. Rtsk• Tho chty ho8 InveBlmont8 othw Ihan bank belan IAKI ha8 thwthr• no ri8k In th18 arm. ProF4ty L8 ownod 8nd rentsd and in mlnimi88d by In8uraric. The m¥kn risk is that of the charity not oblainlng rw contr8ds In fUr8. Incoffllng r••auru• Tho makn of Irrt>Th In th& y•8r were frorn IndbJ8lon prw artd rnntal IM)me. Charliabl• statu• A feature ol tho unf•8trk IncoTh afjm from f•B•18 that m ofth& hKt¥no18 rebJm•J to b•nolknrie8 in the fomi cl freo crèthe 8nd 888iStance wih publk tr)w)rt ts. wlthout the benrarleS concemed w(Ad r1 be abb lo attend Engltsh ¢ourBes. At th8 w8s•nl tlme. there18 Th)t 8ufflclE unreslricleLI Inc( to Mlum •Ydthonal bon&fit oth•r Ihan by retaining certain of 8tsff lo conllnue to d8lfvw s¢Mces arJ a Ilmlted amount fN dOn8.on8 to Individuals aThJ grou in cases of hardship. H¢ywever the TnJsl8&s ha parlilar arts to offgr onè fr•8 pl to an eUgit40 k}diVKa1 fw every fooyywYJ *ce8 fflana98ment a1 I(JerShIP cour888.
ADFIELD INSTrruTE UMrrED Fl EM NTS OR THE R ENDED Trus ' hNNU PORT 13¢wornlng do¢um•nt Memorandum and Artdes ofAwéaliJn inctyp(Yated 22nd Septèmber 1932. as am8nded by SpèrAal Resolution dated 81h No¥emlr 1992, Speual Re80Jhon ¢Jat•d 16th Augusi 20( and sp8u.al Re8clution dated 2nd March 2)7. Ory•nlg•tlonal •lrueiur• Day to day cuknl is exerci88d by th8 808rd of Trualees tlthkh * thg ¥{rjntabb for Hadfiold Instltut•. The ExecuOv6 Dlroctor repNis to Ch8irperson on • wular bask and monthly and quarterfy to tho t1 808rd. Th8 Boor¢J h85 8Xtei¥0 •enC• undèrstsndiThJ of th8 Ccmmunlfj8 It a86$ and tho programm U)at HadThek1 Insllhrte delivers. S119 8ThJ experienc8 kndud8 communlty d¢vdoF¥n•nL regeneralkn, flnan¢e and rncruibwt 8rHI heath and sglety issues. In adon the Board k•ep In touch and up to date wlh sue8 rdatir¥J to 1fty law a1 all other leoal requirements. Day to day fingro81 ManagnI is urnJ8rtaken by 8 8m811 t8wn of aLx¢untky and admini8lratlon staff under the dir8Ctk)n of th• maln tt99$. Tru•t•• r•crullm•nt Trusiees aro wwlted from 8uftabty qualw or •Xpwl0r mor3 crfthe Ioc41 crjmmunlty. and Tmining and Snductbn ol nth¥ tnjsiew by the Chatyrnon wovid•s 8 hlslory 8nd rationalg of Ihe oryJanisatK>n and general reSnl1•S of all truste88 gnd the particular resF¥)r6lbllltieg 4tta¢hlno lo tha fol of ChairrSOn S8entary aTrd Treagjrw. Trustees Infornwd of and encouragod to attond 86$8lon8 run bYV0r £tion other approw*ts hknlrffJ Fw¥lder, Volunt••rn The charfty U$8B voluntaws In varfws Tc4e8 and th8lr &xpen8e8 are r•lrrthr8•d. The use of volunt6èrn pwdes additio1 reBource6 lo lh8 tharity and, imiyxtanlly. provid08 ¥dunrts vAth skills dtsvelopment and woth wertenGg and so fuffil$ part of tha chartty'# objects. R•lat•d partl•• Th• ¢h8rfty 58 In dc4• 88wd8tbn wlth th• A8plrfng Ccthmunltles T¢)gether Lld. a r•gi8t•r•d tharlty Pago 4
FIELD IN LIMED UNAUDITED FI CIAL STATEMENTS MARCH 2021 Trus ' ANNUAL REPORT Refer•nc• •nd admlnltralfv• d•tsll¥ Charty number 1016195 Company number 2751130 Namg and regL8terod H•Jffeld Inthrte Llm 43 Attercllffo Ccthn Sheffle S9 ZIE Our &1vLwr8'. Ttngle Ashrn Ltd Chart8r•J Ac4)untants ar¥J statut( Authtors Ent•rPrI Hou86 Broa¢ffiekl CtyJrt S8 OXF B8nkwB Viryin Mc¥ 2 Haymarket S1 1LL rlir•dor• and tru8t A Golxan M S K•iM J Khan N Y mOharnnd DrAGSharf - appjlniad 18th D•c 2020 - resigned 4th Apr 2021 - rn8ign8d 3rd May 2020 M Taha- Rnanc8. Contr and O•velopmont Managor Y Salth. Proiod Manag Paps
IE NSTITLrrE IMITE UDITED FINANCI EME THE YEAR EN 318TMARCH 20 NU REP Trust••s' r08pon¥lblllll•• The trustees l¥tho afy a150 dClorS of Hadtsld Instibjte Lirnjted forthe purposes of ¢ornpany wI or• r•sFonsible lor prèparing Ihe Trustees. Annual R8rth and th• finaal stst8m8nts in accordanc8 with applicable law and Untted Klngdom Aecounting Standards (United Klngdom Genertlly AcLepted Accounting Pfa(ticel. Company law requlra$ the trus18es to prepar• knanoal Statents Ic¥ 08ch finartal yaar. which glve true an(1 air vièw of tho Stat8 of affair5 of the charrty zn(l of thg Ino)mirvJ resources aThJ 8pp1k¥On of esre&s, Including thè incom• an¢J exp8ndrture. of Ihè tharity for the yoar. In {p9ng th finandal stal8ments. trust8es ar• ru6 to.. • So¢t suitsble accounting pollues and then apply thorn &Stèn1', observe the rn•ththYs F4incap in the Charrbes SORP 2019 IFRS 1021.. m8k8 judgment5 and èstimales that arè reasonable [11nt,. • 8tate vih6thar applble UK Aunti Standards have b8èn sutyoct to any maierf disclosed and exF4ain8d in Iho financ4al ststem8nts.' • pr6par& Th6 finan sl8tem•nls the wJln9 oxvm basb unK888 tt Is InapproFtsts to prnsurno that the charity will ¢yJnlinu& Sn cp8r8kn0n. The tru8taa8 o'.e r•8porffjible for k•epiro adequat• acCnIFng r•ctrds Ihat diJckJ$6 wllh r8a$onable 8¢cu.?ey 8t ts.lj Ime thg finan¢l81 positDn ol the carity an8bl8 th&m to ensum that th• finand ststern8'..ts ..n1Y wth the Companies Act 20Cfj. TW are also responslts for saf6gu8rdlng the 88sel8 of the ¢tr£i trj 8Iid hen lor taking r•asona8 &tep8 for prevenlw aTrJ d•tsdon of ond othar Irrn9ulrfti&8. Thls raptsrt tr.48 Baep, prewr8d tswng dvantsg8 ofthe small •xonylon of Section 41&A of the Cor,",pani40 Aci 2(M)6. The r•por of th6 tru8tees WaB approved by th8 t)aTd ¢)n by . and glgnod on ito SAI
IELD IN UTE LIMITED UNAUDrrED FINANC STATEM TSFO YEAR NOED 31ST ARCH 2 EMENT FINAN ANDI EAN PENDITU EACC Total lund8 2020 fu1$ 2021 fun(ts J21 funds 2021 IrKome Irom.. Donat1¥ Charitat4• athRbe8 ants Vabl6 75.598 42.465 I18.(3 5282 Othsrtrading aclvNle8 80.174 80,174 92,488 Othar Inme Ccon8vlru8 Job R•l•nOon 19.475 19.475 Totsl Inc¥j 75.598 144.114 219,712 97,750 Expondlbjfv on.. Charttable aLthl¥es.' 64.647 65.306 129,953 TT,627 Total ex51? 84,647 65,3 129,953 77,627 N•t kn¢omo for th• year 10,951 78.808 89,759 20,123 Totsl fund8 brought fornY4 3,626 472.440 476,066 455,943 Totot lund¥ carrl•d foryATd £14.577 £551.248 £565.825 £478.066 Tha Ststomenl of Flnanci81 Aclvltth hc4ud•8 all galrts bs8e8 T8DyJnlsl In th• year. l incom8 and expendrturn dgri¥e frC cctInU1 •1568. Pagè 8
HADFIELD INSTrrLrrE LIMrrED UNAUDrrED FINC STATEMENTS FOR ThE YEAR ENDED 2021 2020 FI% assèts T8ngible 888ets 394.212 395,927 Current as88ts DebtorB Cash at bank and on tsrKI 19.920 176.244 10,934 B3,S30 I,164 94.484 Cr•d6torn. amounts f8lllro withln tTh > 24.$51 14.325 Not oJrr•nt ass•ts 171,613 80.139 Net os¥trts £565.825 £478.066 Income fuThJs Unr8strfct8d fuThd8 Gamrnl funds Designated fund8 10 10 161.337 389.911 78.g68 393,472 551,248 472,440 R•8lrfctsd ftJnd8 10 14.5TT 3.826 Total fvnds 11 £568,825 £476.068 For the year endlng 3181 Marth 21)21 thts ¢h•rity wa$ ¥nlitl8d lo •xempkn from audll und•r 88cb.on 477 d the Companies Ad 2C(6 ¥•lating to sm811 COMn. The rngmberj havg rot rwuk8d th• ¢P•1ty to oblwn an audlt acc[15 f(Y Ihe In que8tk)n In accordanr wrth 5octi¢J1476., . The InJ8tee6 thgir F)nSIbIl08 cthmplylNJ v41th lh• r•4uhmwrto of Ihg Act wlth reSpt to atnn9 ro¢<d$ and th• prnpar4kn ot a(Xt 8mall companle8' reglm. These financial stslemonts w•ro approv•d for15wJo ty Ihe 8o•rd on . and gned on bthaif by A (>)br8n Trusieo Trustee Company number.. 2751130
DFIE TITUTE LIM IAL STATEMENT NAUDITED FI PE ER'S THE HADFIE STITUT Ll I r8POrt to the chwitytru8tees C examination ofthe ao)JJnts Lmparry for the ygar onded 318t March 2021 a Set ort on pages 8 tts 16. R•spon8lbllthes and basts r•Fort As th• chartty Ifu8tee8 of t1 ¢offoany land also ts forthe COrranY Iwl yw Arg r•¥pon¥ibl& for the preparat#)n ofth? aoxunts th aclrda¥ Ylth the rwuirerwts of ths Comp8ni•B Act 2(J)61'lb.8 20C6 Act'l. Hrj 80tiglknJ my8elf that Illg 8¢xnts of thè PA are not raqui to be audited uThlor Part 16 ofthe 2006 Act and are eligi lor Indendant ex8minal•)n, I r8POrt in regpo¢t my 8¥amin8tion of eomp8ns aecounts 88 carrknd out under s•Cts"C 145 ofthe Charitio8 A(a 20111'tha 2011 Act'l. In arfig out my ex8rninali I havo fojlowed lh8 Dire(ons given by thè Charity Cc¥nmi8wn unde 8ecbon 14515hbl of 2011 Act. lThJttp8ndent ¥xarnlnets 8tatem8 I hsv8 complgt8d rny èxamhation. i o)nfirrn that no m8tt•r8 have c)me to att•nth)n kn ConltIOn the •xamirta4ion gin0 m• cwJ88 to t¥• that in any matertal f8SFett anting ro¢uds wer• not k•pi in rnspgct of Ole MpanY as required by gecon 386 oflha 2006 A¢t.' or the dccoJ,ts do not acetyd th Tectyd5,' or tha S¢Ccnts do not eompiy the 4nn9 ullnents of so)n 396 01 lh• 2006 Act oth•r ttr.er, aiiS ",equlrgment that Ll• account8 9ive a'lnje and lalr vkn. whi¢h not a matt•r Con101•d part ol an indendant examinallon., or tha o¢counts have not boen PrnPaTad in accordance vhth Iho mgthod8 9n¢Y nCIple8 of Statom•nl of RQmMen¢jeé Pr11¢? for 8¢¢ounts'rfj 8nd repc#lng by thand•B app1&bIg io t8rf¥•8 preparing thélr &can18 In a¢cort•nco 41h th• Flnand•l RwiirKJ Stsndgrd applkabla In tho UK •Jxl R•wbMc ol iroiand IFRS 1021. I hove no nm$ and have camè acro no olh•r rnattws fn conn•clk>n whth th• oxarninab'on b %thlch 8tt•nii01 shoJld b• dr8wn in th1$ rwt In ofd•r to •rwt4• a proper undtar¥JIng a¢o)unt¥ to b• rèach. Lp. 8renean Ashfflore ACA TingJ6 Ashmor• Ltd Chartar8d Ac£ount8ftts & Regtstwed ALtir# Enterprise HOLES• Broadfl&h1 Court Shoffiald 88 OXF x13134.A Page 7
HADFIELD INSTIT UmED rrED FINANcL ST TEMENTS THE ND T MARCH 21 INCIP COUNTING POLICIES Hadfield Inststute i8 a company Ilmliad by guwantsa rggistered In England and WA$. In the ev8nt of th8 ¢h8ryty belrKJ Und up. thè IF8lylty in res of the guawteg is limit&J to £1 pef member of the charty. Thé addre88 of the rfjglstorod office i% gen in the charty infc¥mkn on paoe 5 ofthe86 Ilnanaal ststemants. Th8 chafity constitutes a Wb1 b)efit entity as defined by FRS 102. Th8sè fin8nc4al statèmsnts have n propar8d In acoirdanc8 A¢unbrmj RèFxyting by Char8$. Stat8m8nl of Rocomm•nd&J Practu appcable to char8$ preparfng Ihdr acccI In 8c£ordance th thg Financkal RèF>OrtitwJ 8tandard appIallOn In the UK aNJ R8pulJt of I?dISSO{l In October 2019. tha Finanaal Rèporting standord applicabltr In the UK and Re1C of Ir8land IFRS 1021, Cllarits'es Acl 2011. the Companies Ad 2CIX UK GOnwAL hlxtrjnllng Prath•. The fA)arity has oppllod Updato Bulkntln 1 aB publlshgd 2ThJ F8bruory 2016 d1 not Indude ¢#8h ststemenl on IM gIndS that li Is 8pptyiw FRS 102 Sth 1 The fi41owhN Is 8 8ummwy o1th8 Impcrft8nt pollries us&1 by fv charfty. Gokng 1xrarn Th8 financial st8tqmont8 havo bB8n Fw•rod on tho g¢yTh3 e4>rKm b• 8• th• tru8toM boli•v• that ther• are matsrkql uncwtainO88, gfvon tho contlnuAIkn of tho Indu81on woA8Ct and tho T8ntal incom• from th• front part of the Iu9. Intsjm I COIS account8d ts aB BIn 88 the tharity has 8ntikm•nl lo Ihere IB ceriaSnty of recelpt and lh• amount can bo mèèwrad wth wfflcaont relabilty. Incon Is onfy dèforred vhJ8n' . The donor spodfw that tho granl CY donatlon rnust lY used In fure nting poriod8', or • The donor has Imp(od CC¥MItUono Vthkh mu8t bo mot beth th& ch8rity has urwidibL •ntiUornent. Grants r80 Grants In respect of rw•nuo iterns arn vthtt•n off to the IncLYM expendfture occounl In the porfod to which they rèlato. Grants In rn8pad of 8pecific woi•cts are uedked to 8 rn8trKted hjnd. agaln8t whlth rnknnt •xpoThlitiTh 58 cr9ed. ExpondAur8 ExpendAuro18 rncoJnW •11thIty18 • Costs ol chgrirablts 8ctsvttles c¥1m sts Irurred in tho pur8uIt of charrtgblo obig¢18 of tho tharlty. These o)sts o)mw8e direct costs and an 8Fvorlh)nmont of overhgad and support costs. Govgman¢• costs compris 011 $ts incurred In th9 9ovemanc of the tharity. These COBts Indud8 sts related to tha statuw audit eXamNti} togothgrwith an apwtionm•nt of overhaad and Support costs. Vatue addgd tax The charity is not reg*tered ftjr VAT. In th08• fmanrad slatom9nts. oxwdknre Is Sh Indwfvo of VAT, wherè approprlats P•J8 10
HADFIELD INST TE LIMrrED Fl STATEMENTS FOR ThE YEIR ENDED 31 PNc nN Icx¥tknn of ov8rh8ad 8n(J 8upryr cThts oVertd a)d support costs have been alkKated as d1 8xpon8es appNdoned an approwiato basis tfjtsveen chritatl8 actMti8s and governa . lonml is la driven by tho nalur6 ofgrnnt ckims vknkh need to reftect 80nw opkvtK8d Cts. Depatn Deprea81ion of tanglt48 fix&1 assets IB wovklgd at th& fing annual ralos In ordor to 10 off e a888t ov&r Its •6timated us&ful lffè. L•8$0hokl18nd and bulk4lres Office and comwler equipment Fumlture and fltdThJs Motor vèhths - 1% 8tr8ight Ilng on g)Bl - 33.3% straight line on oyl - 1S% str8trahl on o)st - 25% strahl Ine on cost D•btorn Trnd• othw debtor8 arn r•cognl8•d al thtr loll1e an1 8ft•r any dlw)unt offered. Credkors Credhor8 wn18&J when thè cèrlty ha# a wgsont )1190 mulUwJ from a rA81 avent that 11 pr¢thbty re8utt In the transfèr of fvnds to a thirf paty a1 the anKnt due to 86tt th• oWlg8Don can b& me88ured or esJm8ted rellay. Creditor8 ar• rwrftwly r•¢ognId ol thelr 80tO8ment amnt aft•r allowing for any trade dweounts du•. Fund acminlld Fund8 hd by the charlty arn eliPK.- • UnTe8lricted funds- th88• arn fvrs l)k ¢on u8od in accordanc• 4th lh• ¢harftabl• oble¢t• at tha d18cr¥tlon ot the Iru81ees. • D8gna fiJnd8- Ih886 have bwi ••t up to hJonJfy th088 LmreS1rf fuThJs th8t ar• not fvnd$ In th81 they rnpre88nt the n8t bc valu8 01 ¢8ptsI 8888ts athlbulablts lo th8 chanV8 own r88aN89 or unrnstrthd funds •8m)ark8d by the InJ8tOO8 for sp8cfflc purFO800 • Restrlcted fund8. theso arè lunds th81 ¢an onty be u8&J for parth)JLgr re8trkted wrF4JS68, ImFwd th• dOrr ty throLth the of apr. Py11
HADA D INSTrruTE LIMITED UD FINANC TATEMENT R THE YEAR DED 31 T MARCH 2021 NOTES THE FINANCIAL STATEMENTS Tot81 fiJnd¥ 2020 fund8 2021 nd$ 2021 2021 Grants recelvabl8 Sheffiekl City Cwrnyl Cornmunity Fund- Cov*>19 South Yorkshiro C&nmunty Founda Sharr# Comrnnty FcM Yorkshire SPts F(rJaIl)n The Talbot Trust Local Gfvlrvd Lld JG Grave8 Sheffi&hJ Tuwn TruBt 40.465 40.465 49,000 5.000 5.OLKI 2.848 13.7SO 2,000 49.(KKI 13.750 2,782 2,500 £75,gJ8 £42.465 £118.063 £5.202 Olher tradlng actiwt ExF4ns88 ro¢1)arood.' IrduBkJn prc48ct 58.151 22.W23 58,151 22.023 55,164 37,324 £80.174 £80,174 £92,4B8 Expenditure on Dlrect $tr.. Stathg Vduntsor oxpen88B M8lnt8n8nca ¢08ts Dlroct pn)iéct co8ts 39,914 7.077 29.711 250 5.162 4,238 69.625 7,327 5,162 18,908 31,229 13,788 611 14.872 SupFQrt ojsts: Premi88s costs Offieè costs Prole88hJn81 f••J Trnlnlng Tr8vel and 8ubfjlslw In8ur8n¢e Olher 8upM c¢8ts 8.574 4,244 1.9LTh) 8.574 6,121 1.9C 11.448 3.350 7,865 160 1.877 2,347 1.951 2.347 1,951 2,408 200 C#hor cos. Depmoatk)n 1,107 5.451 6,$S8 5,872 IndtFerwJont examlrffjlth arA1 aC0ntsn 1.020 1,020 £64.647 £65.3 £129,953 £77.627 P8p 12
HADFI INST LIMITE D FINAN STATEM SFORTH YEAR END 31ST MAR 2021 NOTE E FINAN STATEMWS 2020 4 Net IngTh for the yr This is $18led after chargitYJ'. Independenl examiS rnnwnwati - IrKledofit wmthation 420 600 6,558 390 510 5.672 Deprec18tk)n Amatysb of 8tsff costs. tru81ee rernunar•¢hJ) aThJ exp965. •wJ thB cost of key management parsorrnl Salarfe8 and wagos C<¥nsUttts 20,128 11,101 15,217 £69,625 £31,229 No •mFAoyo08 had •nployo8 banth Sn èxc•88 of t60,( In 81th8r r. No r8munortic was p. r¥y expon88B reimb. lo tru8t888 in th yoar. The kay man8gement parsonnd ofthe dlty c4xnM80 the tr, C•ntr8 cOrdinatOr, Flnanc•. Contracts Dev•lopmenl M8nager aThl Prolort Marwr. Th• totsl plOYee benofit8 01 th9 k•y mgnagem•nt p0r¥n £66.684 {2020. £31.229}. Tho m(ffithty av8r8go number01ploY••ts. ¥AlI¥j {U•l and part $tsff. durtng th8 ar vms 512020- 3k Related paty trèrvsactions Th•r¢ wor8 no ra18t lty tr0Clo0rA rw4ulrlYd In kn yow. 7 a880ts Land aThJ Offlce arKI bulld1$ ttmput8r 4Ywlpmont Fumllure nd ffttbigs Tolal As a11st Awll 2020 Addltbn8 D18posal8 $34.830 38,815 490 110.7031 23,997 4,353 14.6531 $97.242 4.843 115.3561 A8 at 318t Marth 2021 28,402 23,697 586,729 Depredai As 811st Awil 2020 Chargg for yeer Ellffllnabj on dbkWg1 141.313 23,997 207 14,6531 201.315 8.558 115.3561 1.005 110,7031 AS at 318t March 2021 148.659 26,307 19,551 192.517 Not book v81u• As 413181 mard)21 £387.971 £4.146 £394,212 Page 13
HADF LD INS E LIMITED rrED F STAT ENTS FOR THE YEAR END 31 NOTES T THE FI STA 2021 2020 D8btor8 Tr&Je dab Grnnts receivabl8 10,032 13,356 902 £19.920 £10,934 Credltors. anw)unts falbvJ due wlthkn OM y8 Tr8d8 ryeditors Other taxation 8nd 50ckql 8euJrity Coronavlrus Job Rètènti¢n $dm• grnnts rwl Other cr8dlth 8nd accn 3,414 507 11,979 10.624 10,404 £24,551 £14.325 8alanca at 31st March 2021 1st AMI 2020 Ino)mirvJ Jtw'rvJ Tr9f3 10 Statem8nl olfvnd• Unre8lrfcted fvrbJ¥'. Genorgl fttrnds Dulgnated fund8 78.968 393,472 144,114 159.8551 15.4511 {1,6) 1.89) 181.337 369,911 472.440 144,114 165.306) 551.248 Re8lrfcted fvnds.. Shefflekl Town Tw$t C(Mnmunity Fund- Co19 Swth Yorkshlre Commun*y Foundation Sharrow Comrnunty FONM Ytrkshlre SFQrt8 Found•lh)n Tha Taknt TruBt FIX1 assety 1,171 11.171) 146,04n 49,(M)O 12.9531 {S,CTrl) {5,OCK)I {2,8481 {3.474 {1,107) 13.750 10.278 4,301 2.953 3,828 75.598 164.647) 14.577 Totsl fur £476.CQ6 £219,712 £1129.9531 t565.825 Pw14
HADFIELD INSTIT LIMITED NAUDI STATEME OR THE YEAR EN TES TO THE FI CN STATEMENTS 10 Statwnenl of fijnds Prior year cLvnpariath: 8aknce at 1st Awl 2019 88lan¢e al 31st March 2020 Intsjming (l9)ng Trnnsf•rs Unre8trfctsd fvNJ8'. G&nor81 funds Ogslgnatsd funds 57.2W) (70.626) 15.365} 11741 174 78,968 393.472 455.943 175.991) 472,440 RèstrftX8d lund& JG Gravas Sheffiekl T¢)m Trusl Fued 8888ts 2,762 12.7621 {1.329) {307) 1,171 2.455 2,762 {1.636) 3.828 Tolal fund8 £455.943 £97.750 £177.62n £476,068 11 An8ty815 01 net assets betweon fvnds Fund balan at 318t March 2021 •r• ty. Re81l•d D•8igMtthJ Ganor•l j1• furKI8 rot•l frJnd$ Tanglbl• fixed 8888ts N•t ¢unnt a880ts 4,301 10,278 389,911 394.212 171.613 161,337 N•t astets £14,5n £389.911 £181,337 £565,825 Tangibl• fixed 888èts Not ojrrent a&88 2,455 1,171 393.472 395,927 80,139 78.968 Not a8fots £3.628 £393,472 £78,968 £476,066 Page 15
FIELD INSTmJrE LIMITED TAfEMENTS YEAR END NOTES T INANC 12 141c*ar comp8r8Ove8 A detsll8d breakdo ofthe 2020 818lement 8Ctbths betWrn8n Unr0strfd 8nd wtrictsd funds IB as fvnds fiJThJs 2020 Inme froffl.. aritab a¢Xvths'. Grants rece4t4• 5,262 Other tr8diThJ oclfvlu 92,488 92,488 Tctsl lrnom• 92,488 97,750 Empendkn on: 1,636 75.991 TT,627 Not Inc¢m• for the £3.626 £16,497 £20,123 Pag• 18