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← Friends Of Bishops' House

2025-03-31-accounts

Registered Charity Number: 1150722 Company number: 08307595

Friends of Bishops’ House

Annual Report and Unaudited Financial Statements

For the year ended 31 March 2025

Friends of Bishops’ House

Contents

Page
Legal and administrative information 1
Trustees' annual report 2 - 4
Independent Examiner’s report 5
Statement of financial activities 6
Balance sheet 7
Notes to the accounts 8 -12

Friends of Bishops’ House

Trustees' annual report For the year ended 31 March 2025 Friends of Bishops’ House

Legal and administrative information For the year ended 31 March 2025

Trustees

Nicholas Roscoe Chair Tanya Smith Treasurer Jenni Sayer Secretary Tabitha Gillard Christine Griffiths Elizabeth Ralph David Bostwick Lucas Watts Suzanne Bingham

Appointed 29 January 2025 Appointed 29 January 2025

Charity number 1150722

Company number 08307595

Registered address

3 Brook Road Sheffield South Yorkshire S8 9FH

Accountants

Seven Hills Accountants Limited 57 Burton Street Sheffield S6 2HH

1

Friends of Bishops’ House

Trustees' annual report

For the year ended 31 March 2025

The trustees are pleased to present their annual directors’ report together with the financial statements of the charity for the year ended 31 March 2025 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 102) 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 1150722). 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

1) The preservation, restoration, maintenance, repair and improvement of Bishops' House situated in the City of Sheffield, a Grade II* listed building and;

2) To advance the education of the public in the preservation and history of Bishops' House.

Summary of the main achievements

The period’s main success was the consolidation of the influx of volunteers following an appeal in late 2023. The initial swell settled into a lower number of consistent volunteers, but we had anticipated that. It did lead to extra support with the schools programme and weddings and meant Trustees were not as depended on.

Gig numbers continued to grow, with 47 taking place this year. Weddings dropped to five to give the volunteers a break following two years of high numbers. School visits remained the same at seven and we were delighted to host four free history talks.

Visitor numbers saw a small drop from the previous year with 3903 recorded weekend visitors. This number does not include those who attended school visits, talks, tours, gigs or weddings.

Due to a generous bequest and fortunate timing, we have been able to purchase two items of furniture. A chest and children's high chair complement and enhance the museum's already important collection of regional oak furniture.

2

Friends of Bishops’ House

Trustees' annual report For the year ended 31 March 2025

Plans for the future

Our plans for the future are:

Financial Review and Reserves policy

Total income was £25,800 (2024: £39,031) and details can be found in the financial statements. Expenditure (excluding tax) was £11,819 (2024: £20,177) and the result for the year was a net income before tax of£13,981 (2024: net income of £18,854). After taking into account the tax expense this has increased total funds at 31 March 2025 to £53,605 (2024:£39,981 )

The charity requires £6,000 of free reserves to cover any unforeseen expenditure and to assist with cashflow. Free reserves at 31 March 2025 were £28,108 (2024: £21,113 ) with an additional £5,000 held in designated funds (see note 6) (2024: £5,000) and £8,868 (2024: £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.

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 charity for that period.

In preparing the financial statements, the trustees are required to:

3

Friends of Bishops’ House

Trustees' annual report

For the year ended 31 March 2025

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 and other irregularities.

The trustees are responsible for the maintenance and integrity of the charity and financial information included on the charity’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 15 December 2025

Signed on behalf of the trustees by:

==> picture [119 x 21] intentionally omitted <==

N Roscoe Trustee - Chair

4

Independent examiner’s 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 2025.

Responsibilities and basis of report

As the directors of the Company you are responsible for the preparation of the accounts in accordance with the 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 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 2011 (‘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 examiner’s 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:

  1. 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.

S Cochrane

Susan Cochrane, FCA DChA Seven Hills Accountants Limited 57 Burton Street Sheffield S6 2HH

16 Dec 2025

Date:

5

Friends of Bishops' House

Statement of financial activities

(incorporating the income and expenditure account) For the year ending 31 March 2025

Unrestricted
funds
Note
£
Income from:
Grant and contract income
2
-
Donations and Legacy income
3
11,806
Events
5,007
School Visits
636
Shop takings
2,617
Weddings
3,662
Tour income
123
Room hire
1,949
25,800
Expenditure on:
Equipment and props
708
Events and wedding costs
5,737
Shop Stock
1,806
Trustee and volunteer expenses
4
17
Accountancy
187
Independent Examination fee
585
Insurance
364
Office expenses
2,336
Bank charges
79
11,819
Net income/ (expenditure) before tax
13,981
Tax payable
357
Net income/ (expenditure) after tax
13,624
Reconciliation of funds:
Total funds brought forward
31,113
Total funds carried forward
44,737		 Restricted
funds
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
8,868
8,868		 2025
Total
funds
£
-
11,806
5,007
636
2,617
3,662
123
1,949
25,800
708
5,737
1,806
17
187
585
364
2,336
79
11,819
13,981
357
13,624
39,981
53,605		 Unrestricted
funds
£
5,000
2,048
17,448
167
1,681
3,519
150
150
30,163
519
15,534
1,256
700
216
570
360
950
72
20,177
9,986
1,232
8,754
22,359
31,113		 Restricted
funds
£
8,868
-
-
-
-
-
-
-
8,868
-
-
-
-
-
-
-
-
-
-
8,868
-
8,868
-
8,868		 2024
Total
funds
£
13,868
2,048
17,448
167
1,681
3,519
150
150
39,031
519
15,534
1,256
700
216
570
360
950
72
20,177
18,854
1,232
17,622
22,359
39,981

6

Friends of Bishops' House

Balance Sheet As at 31 March 2025

2025 2024
Note £ £
Fixed Assets
Tangible Assets 6 11,629 5,000
Current Assets
Stock 1,600 1,079
Debtors 7 5,949 2,509
Cash at bank and in hand 41,061 37,015
Total current assets 48,610 40,603
Creditors: amounts falling due within one yea 8 (6,634) (5,622)
Net current assets 41,976 34,981
Total assets less current liabilities 53,605 39,981
Creditors: amounts falling due after one year - -
Total net assets 53,605 39,981
Represented By
FUNDS
General funds 39,737 26,113
Designated Funds 9 5,000 5,000
Resticted funds 10 44,737
8,868		 31,113
8,868
11 53,605 39,981

For the year ending 31 March 2025 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 2025 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 companies' regime.

Approved by the Board of Trustees on 15 December 2025 and signed on their behalf by:

ee ae

N Roscoe Trustee - Chair

7

Friends of Bishops' House

Notes to the financial statements For the year ending 31 March 2025

1 Accounting Policies

(a) 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 1 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 (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 taken adoption of Charities SORP (FRS 102) Bulletin 1 and taken advantage of the exemption of to prepare a cashflow statement.

The charity meets 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.

(b) Income

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) 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.

Legacy income is recognised either upon receipt of where the receipt of the legacy is probable and the amount of the legacy can be reliably estimated.

(c) Expenditure and irrecoverable VAT

Expenditure is recognised once there is a legal or constructive obligation to make a payment 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.

(d) 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 5 years Heritage assets No depreciation as considered to not lose value over time.

(e) Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, other 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.

(f) Trade debtors

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 all amounts due according to the original terms of receivables.

8

Friends of Bishops' House

Notes to the financial statements - continued For the year ending 31 March 2025

(f) Stock

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving stocks.

(g) 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.

(i) 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.

(j) Going concern

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.

2 Grant and contract income

Unrestricted
funds
£
SCC - annual allowance
-
SCC - Community Infrastucture Levy
-
SCC - Contribution towards repairs
-
-
Donations and legacy income
Unrestricted
funds
£
Donations
2,111
Legacies
9,695
11,806		 Restricted
funds
£
-
-
-
-
Restricted
funds
£
-
-
-		 Total
2025
£
-
-
-
-
Total
2025
£
2,111
9,695
11,806		 Unrestricted
funds
£
5,000
-
-
5,000
Unrestricted
funds
£
2,048
-
2,048		 Restricted
funds
£
-
868
8,000
8,868
Restricted
funds
£
-
-
-		 Total
2024
£
5,000
868
8,000
13,868
Total
2024
£
2,048
-
2,048

3 Donations and legacy income

9

Friends of Bishops' House

Notes to the financial statements - continued For the year ending 31 March 2025

4 Trustees' expenses and remuneration

The trustees were not paid or received any other benefits from employment with the charity in the year (2024: £nil). No trustees were reimbursed any out of pocket expenses during the year (2024: £nil). No charity trustee received payment for professional or other services supplied to the charity (2024: £nil).

5 Fees paid to the independent examiner's organisation

Independent examination fee
Other fees payable to the independent examiner's organisation were:
Taxation services
Tangible fixed assets
Cost
As at 1 April 2024
Additions
As at 31 March 2025
Depreciation
As at 1 April 2024
Charge this period
As at 31 March 2025
Net Book Value
As at 31 March 2025
As at 1 April 2024		 Heritage
asset
£
5,000
6,629
11,629
-
-
-
11,629
5,000		 2025
£
585
187
Furniture
£
1,060
-
1,060
1,060
-
1,060
-
-		 2024
£
570
156
Total
£
6,060
6,629
12,689
1,060
-
1,060
11,629
5,000

6 Tangible fixed assets

Heritage asset

During the year a Charles ll joined oak chest and a 17th Century carved oak child's high chair were purchased.

During the year ended 31 March 2021 the original Captain 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.

7 Debtors

Debtors
Trade debtors
Creditors: amounts falling due within one year
Trade creditors
Accruals
Income received in advance
Corporation tax		 2025
£
5,949
5,949
2025
£
-
772
5,575
287
6,634		 2024
£
2,509
2,509
2024
£
-
1,481
2,909
1,232
5,622

8 Creditors: amounts falling due within one year

10

Friends of Bishops' House

Notes to the financial statements - continued For the year ending 31 March 2025

9 Designated funds

Gill Tapestries restoration fund Brought
forward
£
5,000
5,000		 Income
£
-
-		 Expenditure
£
-
-		 Transfers
£
-
-		 Carried
forward
£
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.

9 Designated funds (continued)

Prior year
Gill Tapestries restoration fund		 Brought
forward
£
5,000
5,000		 Income
£
-
-		 Expenditure
£
-
-		 Transfers
£
-
-		 Carried
forward
£
5,000
5,000

10 Restricted funds

CIL fund - Display Boards
House Repairs		 Brought
forward
£
868
8,000
8,868		 Income
£
-
-
-		 Expenditure
£
-
-
-		 Transfers
£
-
-
-		 Carried
forward
£
868
8,000
8,868

CIL fund - Display Boards

Funding received from Sheffield City Council to contribute towards display board materials.

House Repairs

Funding received from Sheffield City Council to contribute towards house repairs.

Prior year
CIL fund - Display Boards
House Repairs		 Brought
forward
£
-
-
-		 Income
£
868
8,000
8,868		 Expenditure
£
-
-
-		 Transfers
£
-
-
-		 Carried
forward
£
868
8,000
8,868

11

Friends of Bishops' House

Notes to the financial statements - continued For the year ending 31 March 2025

11 Net assets by fund

Tangible assets
Net current assets
Prior year
Tangible assets
Net current assets		 General
funds
£
11,629
28,108
39,737
General
funds
£
5,000
21,113
26,113		 Designated
funds
£
-
5,000
5,000
Designated
funds
£
-
5,000
5,000		 Restricted
funds
£
-
8,868
8,868
Restricted
funds
£
-
8,868
8,868		 Total
2025
£
11,629
41,976
53,605
Total
2024
£
5,000
34,981
39,981

12 Related party transactions

There were no other related party transactions, other than the trustee's expenses noted in note 4.

12