Registered Charity Number: 1150722
Company number: 08307595
Friends of Bishops. House
Annual Report and Unaudited Financial Statements
For the year ended 31 March 2024

Friends of Bishops, House
Contents
Page
Legal and administrative information
Trustees, annual report
Independent Examinerfs report
Statement of financial activities
Balance sheet
Notes to the accounts
8-12

Friends of Bishops, House
Legal and administrative information
For the year ended 31 March 2024
Trustees
Nicholas Roscoe
Tanya Smith
Jenni Sayer
Barbara Jenkins
Kenneth Dash
Tabitha Gillard
Christine Griffiths
Eileen Littlewood
Elizabeth Ralph
Andrew Shepherd
David Bostwick
Chair
Treasurer
Secretary
Resigned 21 September 2023
Resigned 24 January 2024
Resigned 21 September 2023
Company secretary
Jennifer Sayer
2023
Resigned as company secretary on 21 September
Charity number
1150722
Company number
08307595
Registered address
3 Brook Road
Sheffield
South Yorkshire
58 9FH
Accountants
Seven Hills Accountants Limited
57 Burton Street
Sheffield
56 2HH

Friends of Bishops, House
Trustees. annual report
For the year ended 31 March 2024
The trustees are pleased to present their annual directors, report together with the financial
statements of the charity for the year ending 31 March 2023 which are also prepared to meet the
requirements for a directors, report and accounts for Companies Act purposes.
The financial statements comply with the Charities Act 2011, the Companies Act 2006, the
Memorandum and Articles of Association, and the 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 1021 issued in October 2019.
Structure, governance and management
Friends of Bishops, House (Company number 08307595) was incorporated on 26 November 2012 and
its Memorandum and Articles of Association govern it. Its legal status is that of a company limited by
guarantee. It has no share capital and the liability of each member in the event of winding-up is £1. It
became a registered charity on 26 November 2012 (Charity number 11507221. Volunteers are offered
the opportunity to join the management committee routinely and where necessary the committee
will identify skill gaps within the committee and individuals will be approached.
Charitable objectives and principal activity
11 The preservation, restoration, maintenance, repair and improvement of Bishops, House situated in
the City of Sheffield, a Grade Il* listed building and-
21 To advance the education of the public in the preservation and history of Bishops, House.
Summary of the main achievements
This period's main success was an unexpected boost in volunteer numbers. By late 2023, volunteer
numbers had reduced to a point where we were facing session closures on an almost weekly basis. We
posted on social media about our issues which was then shared many times around local community
groups and was picked up by the Sheffield Star and Radio Sheffield. This resulted in over 100 enquiries
from members of the public to offer their help, which has resulted in around 25 regular volunteers
and no further closures due to volunteer shortage. This also relieved pressure on the trustees to
volunteer over weekend sessions.
Our second main success of this period was the relaunch of our free History Talks. This began with
David Templeman talking about Mary Queen of Scots, which proved very popular with all tickets
reserved.
School visits also flourished in this period, with new volunteers helping and nine school visits during
the period.

Friends of Bishops, House
Trustees. annual report
For the year ended 31 March 2024
We had 4088 visitors between April 2023 and March 2024, which is a significant increase from the
previous year and the third year in a row where we have had an increase in visitor numbers. However,
this number does not include gigs, schools or weddings which would result in a higher number.
The house hosted 45 music nights, which is the most we have ever done. We also held 8 weddings for
the second year in a row. It was decided to reduce the number of weddings to four for the following
year to give the wedding coordinator and volunteers a break.
Plans for the future
Our plans forthe future are:
Complete the displays project by producingthe remaining planned display boards and creating
a timeline d isplay.
Develop volunteer opportunities beyond weekend volunteering sessions
Fundraising for the restoration of the Gill Tapestries
Improve visitor experience through digital technologies
Financial Review and Reserves policy
Total income was £39,031 (2023-. £14,497) and details can be found in the financial statements.
Expenditure (excluding tax) was £20,17712023: £9,642) and the result for the year was a net income
before tax of £18,85412023- net income of £4,855). Aftertaking into account the tax expense this has
increased total funds at 31 March 2024 to £39.981 {2023: £22.359)
The charity requires £6,000 of free reserves to cover any unforeseen expenditure and to assist with
cashflow. Free reserves at 31 March 2024 were £21.11312022: £12.3591 with an additional £5,(K)O
held in designated funds (see note 6112022: £5.(XK)) and £8,868 held in a restricted fund.
Trustees, responsibilities in relation to the financial statements
The charity trustees (who are also the directors of the charity for the purposes of company law} are
responsible for preparing a Trustees, annual report and financial statements in accordance with
applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted
Accounting Practice). The report and accounts have been prepared in accordance with the provisions
in the Companies Act 2006 relating to small companies.

Friends of Bishops, House
Trustees. annual report
For the year ended 31 March 2024
Company law requires the charity trustees to prepare financial statements for each year which give a
true and fair view of the state of affairs of the charitable company and the group and of the incoming
resources and application of resources, including the income and
expenditure, of the charitable group for that period. In preparingthe financial statements, the trustees
are required to-
Select suitable accounting policies and then apply them consistently,"
Observe the methods and principles in the Charities SORP;
Make judgements and estimates that are reasonable and prudent;
State whether applicable UK accounting standards have been followed, subject to any material
departures disclosed and explained in the financial statements: and
Prepare the financial statements on the going concern basis unless it is inappropriate to
presume that the charity will continue in business.
The trustees are responsible for keeping adequate accounting records that disclose with reasonable
accuracy at any time the financial position of the charity and to enable them to ensure that the
financial statements comply with the Companies Act 2006. They are also responsible for safeguarding
the assets of the charity and the group and hence taking reasonable steps for the prevention and
detection of fraud a nd other irregularities.
The trustees are responsible forthe maintenance and integrity of the charity and financial information
included on the charit¢s website in accordance with legislation in the United Kingdom governing the
preparation and dissemination of financial statements.
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 trustees declare that they have approved the trustees, report above on 16th December 2024
and signed on behalf of the trustees by:
Name:
Position:
Nicholas Roscoe
Chair

Independent examinerfs report to the directors of Friends of Bishops, House ('the Company,)
I report to the directors on my examination of the accounts of the Company for the year ended 31
March 2024.
Responsibilities and basis of report
As the directors of the Company you are responsible forthe preparation of the accounts in accordance
with the requirements of the Companies Act 2(N)6 {'the 2006 ACYI.
Having satisfied myself that the accounts of the Company are not required to be audited under Part
16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination
of your company's accounts as carried out under section 145 of the Charities Act 20111'the 2011 Act,).
In carrying out my examination I have followed the Directions given by the Charity Commission under
section 145{5} (b} of the 2011 Act.
Independent examinerfs statement
I have completed my examination. I confirm that no matters have come to my attention in connection
with the examination giving me cause to believe:
accounting records were not kept in respect of the Company as required by section 386 of the
2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act
other than any requirement that the accounts give a 'true and fair view which is not a matter
considered as part of an independent examination- or
4. the accounts have not been prepared in accordance with the methods and principles of the
Statement of Recommended Practice for accounting and reporting by charities applicable to
organisations preparing their accounts in accordance with the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102).
I confirm that there are no other matters in connection with the examination to which attention should
be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Signed..
Susan Cochrane, FCA DChA
Seven Hills Accountants Limited
57 Burton Street
Sheffield
56 2HH
Date:
1811212024

Friends of Bishops, House
Statement of financial artivities
(incorporating the income and expenditure account)
For the year ending 31 March 2024
Unrestiirted
funds
Restricted
funds
2024
Total
fund5
2023
Unrestricted
funds
Note
Income from:
Grant and contract income
Donations
Events
School Visits
Shop takings
Weddings
Tour income
Room hire
5.000
2,048
17,448
167
1.681
3.519
150
150
8.868
13,868
2,048
17,448
167
1,681
3,519
150
150
2,217
6,081
444
1,254
4,248
153
loo
30,163
8,868
39,031
14,497
Expenditure on:
Equipment and props
Events and wedding costs
Shop Stock
Trustee and volunteer expenses
Accountancy
Independent Examination fee
Insurance
Office expenses
Bank charges
519
15.534
1.256
700
216
570
360
950
72
519
15,534
1,256
700
216
570
360
950
72
863
6,267
1,068
221
450
701
72
20,177
20,177
9,642
Net incomel (expenditure) before tax
9,986
8.868
18,854
4,855
Tax payable
1.232
1,232
Net incomel (expenditure) after tax
8,754
8,868
17,622
4,855
Reconciliation of funds:
Total funds brought forward
22,359
22,359
17,504
Total funds carried fonvard
31,113
8,868
39,981
22,359

Friends of Bishops, House
Balance Sheet
A5 at 31 March 2024
2024
2023
Note
Fixed Assets
Tangible Assets
5,000
5,000
Current Assets
Stock
Debtors
Cash at bank and in hand
1,079
2,509
37,015
1,079
19,318
Total current assets
40,603
20,397
Creditors= amounts falling due within one year
15,6221
13,0381
Net current assets
34,981
17,359
Total assets less current liabilities
39,981
22,359
Creditors: amounts falling due after one year
Total net assets
39.981
22,359
Represented By
FUNDS
General funds
Designated Funds
26,113
5,000
31,113
8,868
39,981
17,359
5,000
22,359
Resticted funds
io
22,359
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act
2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.
These accounts have been prepared in accordance with the provisions applicable to companies subject to small companie5, regime.
Approved by the Board ofTrustees on
16th December 2024
and signed on their behalf by=
Nicholas Roscoe
Trustee

Friends of Bishops, House
Notes to the financial ststements
For the year ending 31 March 2024
Accounting Policies
la) General
Friends of Bishop's House is a charitable company in the United Kingdom limited by guarantee. In the event that the
charity is wound up the liability in respect of the guarantee is limited to £1 per member of the charity. The address of the
registered office is given in the company information on page l of these financial statements.
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 IFRS 1021 (effective l January 2015} - (Charities SORP IFRS 10211, the
Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Companies Act 2006. The
financial statements have also taken adoption of Charities SORP IFRS 1021 Bulletin l and taken advantage of the
exemption of to prepare a cashflow statement.
The charity meet5 the definition of a public benefit entity under FRS 102. The financial statements are presented in
sterling which is the functional currency of the charity and are rounded to the nearest £1.
Ib} Income
Income is recognised when the charity ha5 entitlement to the funds, any performance condition5 attached to the itemlsl
of income have been met, it is probable that the income will be received and the amount can be measured reliably.
Donations are recognised on a receivable basis.
Event income is recognised in the period in which the event took place.
Ic) Expenditure and irrecoverable VAT
Expenditure 15 recognised once there is a legal or constructive obligation to make a payrnent to a third party, it is probable
that settlement will be required and the amount of the obligation can be measured reliably.
Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.
Id} Fixed assets
All items of capital expenditure below £500 are written off as incurred.
Depreciation has been calculated to write down the cost or valuation, less estimated residual value, of all tangible fixed
assets over their expected useful lives on a straight line basis.
Furniture
Heritage assets
5 years
No depreaciation as considered to not lose value over time.
le) Cash and cash equivalents
Cash and cash equivalent5 comprise cash on hand and call deposits, othe short -term highly liquid investments that are
readily convertible to a known amount of cash and are subject to insignificant risk of change in value.
lfj Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of
business.
Trade debtors are recogni5ed initially at the transaction price. They are subsequently measured at amort15ed cost using
the effective interest method, less provision for impairment. A provision for the impairment of trade debtors 15
established when there is objective evidence that the company will not be able to collect all amounts due according to the
original term5 of receivables.

Friends of Bishops, House
Notes to the financial statements - continued
For the year ending 31 March 2024
lfj Stock
Stocks are valued at the lower of cost and net reali5able value after making due allowance for obsolete and slow moving
stocks.
Igl 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 company 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.
(h} Funds
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.
Restricted funds are to be used for specific purposes as laid down by the funder.
Designated funds are set aside by the charity's trustees for a specific purpose.
li) Taxation
As a charity, the organisation is exempt from tax on income and gains falling within the available tax exemptions to the
extent that these are applied to its charitable objects.
li) Going concem
The financial statements have been prepared on a going concern basis as the trustees believe that no material
uncertainties exist. The trustees have considered the level of funds held and the expected level of income and
expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is
sufficient with the level of reserves for the charity to be able to continue as a going concern.
Grant and contract income
Unrestrirted
funds
Restricted
funds
Total
2024
Total
2023
SCC- annual allowance
SCC- Community Infrastucture Levy
SCC- Contribution towards repairs
5,000
5,000
868
8,000
868
8,000
5,000
8,868
13,868
Trustees, expenses and remuneration
The trustees were not paid or received any other benefits from employment with the charity in the year12023.. £nill. No
trustees were reimbursed any out of pocket expenses during the year12023= £451. No charity trustee received payment
for professional or other services supplied to the charity12023.. £nill.

Friends of Bishops, House
Notes to the financial statements - continued
For the year ending 31 March 2024
Fees paid to the independent examiner's organi5ation
2024
2023
Independent examination fee
570
Tangible fixed assets
Heritage
asset
Furniture
Total
C05t
As at l April 2023
Additions
As at 31 March 2024
5.000
1,060
6,060
5,000
1,060
6,060
Depreciation
As at l April 2023
Charge this period
As at 31 March 2024
1,060
1,060
1,060
1,060
Net Book Value
As at 31 March 2024
5,000
5,000
As at l April 2023
5,000
5,000
Heritage asset
During the year ended 31 March 2021 the original Captsin William Blythe chimneypiece that had been removed from the
house prior to 1878 was located, purchased for £5.000 and reinstated at Bishop's House.
Debtors
2024
2023
Trade debtors
2,509
2,509
Creditors: amounts falling due within one year
2024
2023
Trade creditors
Accruals
Income received in advance
Corporation tax
81
805
2,152
1,481
2,909
1,232
5,622
3,038
io

Friends of Bishops, House
Notes to the financial statements - continued
For the year ending 31 March 2024
Designated funds
Brought
forward
Carried
forward
Income
Expenditure
Transfers
Gill Tapestries restoration fund
5.000
5,000
5,000
Gill Tapestries restoration fund
£5,000 had been transferred from general funds to contribute towards the restoration of the Gill Tapestries. Other funds
will be raised via grant making bodies and individual donations.
Designated funds (continued)
PriTor yeor
Brought
fotword
Carried
forword
Income
Expenditure
Tmnsftrs
Gill Tapestries restorationfund
5.000
Restricted funds
Brought
forward
Carried
forward
Income
Expenditure
Transfers
CIL fund - Display Boards
House Repairs
868
8,000
868
8,000
8,868
8,868
There were no restricted funds in the prior year
CIL fund - Display Board5
Funding received from Sheffield City Council to contribute toward5 display board materials.
House Repairs
Funding received from Sheffield City Council to contribute towards house repairs.
li

Friends of Bishops, House
Notes to the financial statements - continued
For the year ending 31 March 2024
10 Net assets by fund
General
nds
Designated
funds
Restricted
funds
Total
2024
Tangible assets
Net current assets
5.000
21,113
26,113
5,000
34,981
39,981
5,000
5,000
8,868
8,868
Prior year
Geneml
fvnds
Designoted
fvnds
Restricted
Aunds
Total
2023
Tangible assets
Net current 05setS
12.359
17,359
17,359
22,359
5.000
11 Related party transactions
There were no other related party transactions. other than the trustee's expenses noted in note 2.
12