CHARITY REGISTRATION NUMBER: 1162566
Sheffield Botanical Gardens Trust
Unaudited Financial Statements
31 March 2024
ALLEN, WEST AND FOSTER
Chartered accountants
Omega Court
364-366 Cemetery Road
Sheffield
S118FT

Sheffield Botanical Gardens Trust
Financial Statements
Year ended 31 March 2024
Pag•
Trustees, annual report
Independent examiners report to Ihe trustees
Statsment of financiBI acbwilies
Slatsment of financiol position
Notes lo the financial statements

Sheffield Botanical Gardens Trust
Trustees, Annual Report
Year ended 31 March 2024
The trust8es present their report and the unaudited finan¢i81 ststemenls of the charity for the yaar ènded
31 March 2024.
R•f•rnnce and administratlv• d•tails
R•gistsred charity name
Sheffield 8olanical Garden5 Twsl
Chanty rggl8tration number
1162566
PrlnGlpal office
Omega Court
3W366 Cemetery Road
Sheffield
S118FT
The truste•s
Mr M R Slevensefi- Chair
Mr J F B Hopkins
Ms B I Plant
Mrs J M Quibell
MsCARose
Mr M Sibley
M8 K Horselield
Ms R A Hunter
{Resigned 6 September 2023)
(Appointed 6 December 20231
Independent •xamln•r
Stephen Allgn BA (Hon81 ACA FCCA
Omega Court
38U66 Cemetery Road
Sheffield
S118FT

Sheffield Botanical Gardens Trust
Trustees, Annual Report (continuedj
Year ended 31 March 2024
Structure. governancg and managèmènt
The Trust 15 Cgnstiluted as a Charitable Incorporated Organisation la"CIO'J and wa8 registered as a charity
under the Charities Act 2011 on 7 July 2015. 11 is adrninistèrad and managed by the Trustees in accordance
with the powers sel out in the Trusfs Constitution wttich amongst other thingy prohibits the borrowing of
oney and commitment lo expenditure for which funds 8re not alre8dy available.
The body of Trustees Consists of up lo seven Trustees ofwhorn up lo may be Nomin8t8d Trustees. The
Nominated Trustses are appointed by the Friends of the Botanical Gardens I'FOBS,). Each Nominated
Tru51ee appointment is rnade at a meeting convened and held according lo the ordinary practicè ol FOBS
and is effective from the lalei of the date of the vacancy being filled by that appoinlrnenl and the dale on
which thè othÈr Trustees or the Trust Sec￿tary or derk are inforrned of the appointment. New Trustees
{olher than Nominated Trusleesl are appointed by a resolution of the Trustees al a Tfustee's rneeling
conven8d pursuant to thg TTusI's Constitution.
By an agreement dated 29 October 2015 Ilhe Transferf'l Sheffield Botanical Gardèns Trust (whose
registered charity number was 1057845 and which is now 116256e111 Clhe Original Charity") Iran5feTTed its
enliie aGlivilies and assets lo the Trust. The Charity Commission consented lo the Transfer. The Trust has
the same purposes and objectives as thg Original Charity.
The reason for gstablishing the Trust was to facilitate the radèv8lopmÈnl of the Education Centre I'the
R&dgvèlopmenl'). Having established the CIO it was considerèd lo be more effIc￿lOuS foi the CIO lo tak8
over the rest of the bu5ine55 of the Original Charity and It did.
The Redevelopment was Carried out by the Sheffield City Council with funds gifte(I to it by thè Trust. These
funds were part of the assets transferred lo the Trust from the Original Charity pursuant lo the Transfer.
The Original Charity continues for the purpose of receiwng legacies and grfts. For ease of ongoing
managemènt of thè Original Charity, the Trust applied lo tha Departm8nt of Justice and was aulhorised lo
b￿0[￿e the sole corporate trustee of the Original Gharity.
obl•¢t[¥￿ and actl¥itie8
The objectives of the Trust a￿ to improve and refurbish the Sheffield Botanical Gardèns Ithe"Gardens"1, its
cdlections and it5 buildings for the education and be￿fil of the inhabitants of Sheffield and its surrounding
are85.
The Tru51 raises fvnds for the dev8loprnent and refurbl$hment of Iha buildings 8n¢J lighting of the Gardens.
their interprelalion and promotion and the improvem8nl of thè plant collection throughout the Gar¢Jen5. 11
a180 raises fvnds for the provision of education programmes relaling lo the Gardens b85ed in and around
tha Edu¢8tion Cenlre.
The Ttustses confirm that they have referred to the gL4idance contained In Ihe Charlly Commission.
general guidance on public bengfil when rewewing the Twst's aims and objectives and in planning future
actimties.

Sheffield Botanical Gardens Trust
Trustees. Annual Report (¢onlinued)
Year ended 31 March 2024
Achl•v8mgnts and perfomian¢•
We received income from a combination of donation5, grants and investment income.
The Trustees wish to recoid th8ir 9ralitude to supporters who generously remembered thg Trust with a
legacy in their wills.. Mrs Patricia Parker1£26,092} and Dr Jill Thompson1£345,6061.
Slnce 2018 we idenlffied four key capit81 expenditure project5 that we wanted lo drive fomard lo Tmprove
the gardens in partnèrship with the operator of the Gardens, Sheffield City Council-11} the renovation and
upgrade of the composting and recycling area,121 the land drains fof the events lawns,13) the renovation of
the railings and gales and141 the renovatiorb of the pavilions.
By 2021 projects 11}. 121, and 131 had been compl&t8d with thè support of the Trust,. the renovation and
upgrading of Ihe composting and ￿cyCling area,. the renovation of the railings and gates", and 8 suNey
report investigating the slalu5 Of the drainage under Ihe events lawns had been undertaken by Sheffield
City Council and It was decided that no further works werè rÈqLj1￿d lo the events lawn drainage system at
that ts'me.
The Trustees are plaasÈd lo report that project141, the renovation ol the pavilions was almost cornpleted at
the beginning ol this period. This projecl was the largest of Ihg four 2018 largel proiecls with a costing of
rca £60,000 and was funded by Sheffield City Council with contributions frorn the Trust and £33,000 from
three10¢o1 ¢harilies Ishgffield Town Tiusl, Freshgate Foundation and JG Graves Charitable Trusti.
The pavilions contain a contactlesg giving donalion station. This enables wsitors to the pavilions to donate
to the Tru51 either w(th cash in the old milk Churn or by card with the nthv device.
In May a Summgr Garden Party, arranged by the Trust and fulty sponso￿d by the Sheffiekj Assay Office,
was held in the Gardens, attended by local dignit8ries to cèlÈbr8tÈ the iefurbishment of the pawlions and
fountain. Key attendees were the donors who made Ihese projects possible.
The Tnjst funded a blue plaque to commemorate the achievèments of Robert Mamod(, the Botanical
Gardens designer and first Curator, whith wa5 in51alled al the galehou5e and unveiled on 18 March 2024.
The Tru51 a150 approved funding for a planting programme put forward by Andrea Jones, the Head
Gardenèr, which included fi￿ projects together costing £9,500. Some of these projects will commence in
the next period, however two specimen tTees have already been purchased and planted,
The Twsl is pleased lo be associated with the Queen's Green Canopy project, which involved planting over
a million trees across the nation to celebrate the late rnonarch's Platinum Jubi18e. The 58pling oak. offered
lo the Trust for the Gardens by the Lord-￿eUtenant for South Yorkshire. Professor Dame Hilary Chapman
DBE, was planted on the South Lawn wth a plaque marking the tree funded by the Trust.
The TNst ts)ntsnues lo suppjrt a rolling pmgramme of maintenance and r8pair of the benches in the
GaTden5 Wlth Sheffield City Council. This includes a rollin9 programme of upgrading the stock of garden
benches wilh new metal benches. They require rninimal rnainlenance, will be more 5U51ainable for the
Gardens and whose longevty and robustness should ensure less inconvenience to the Gardens, visitors
than sometimes experienced with breakages lo the existing wooden bench stock. This is a c(mlinuous
prograrnme and call upon the resources of the Trust.
The Trust continues to bè a part funder of the education officer p051 for the Dorothy Fox Education Centre
as part of th8 successful application by Sheffield City Council wr(h the Tru8t to the National Heritage Lottery
Fund INHLFllsee Note 17 Contingenl Liabililiesl. The ¢ontribution by Ihe Trust to the funding of this po$1 for
Delivery Phase expire(l in this pÈriod and the Trust h8S rnèt this financial oblig8tion of £16.007 in full
latthough it wa5 invoiced and paid in the next period). The Twst continues to be liable for a potential £8,01
£9,000 per year of funding in connection with thi$ po$1 for the next threa financial periods lunlil the period
ending 31 March 20271.

Sheffield Botanical Gardens Trust
Trustees, Annual Report (ronllniwj)
Year ended 31 March 2024
Sgveral of the Trustees have continuéd to work with FOBS on a project lo install a prefabricated building lo
sèrw as a volunteer facility. It will bè sited in the maintenance yard below th& Education Centre. In this
period. the site has been fulty deared, the ¢oncrete 51ab has been extended to fit the specifieations for the
prèfabri¢aled building and the wall bordering Southgrove Road has been cleared of (￿lage and new metal
fenung for new gTCWth installed by Sheffièld City Council with the costs being met by the Trust. FOBS have
submitted a full grant applicatson to the Trust requesting funding for this project and this was approved at
the last Tn2St8es' meeting for this period. It 15 hoped that the ordering and delwery of the volunteer centre
will be cornpleted during the next accounting period.
The investment stratégy policy that was adopted by the Trust in thé 2017118 year continues in place Wth
invg$lmenls made and continuing to be made in compliance with this policy. The ffinance sub-commrttee
continues to meet and monitor the investment portfolio and additions thereto and reports lo the Trustees al
every meeting.
Financial rèvièw
Unrestricted funds.. Incoming ￿SoUrceS Inet of l induding gains on inv&slmenlsl amounted to £418,054
{2023 - £50,081) and expenditure of £26.523(2￿23 - £14,374) was incurred. After thè $urplus for the year
of £391,531 12023 - £35,707) unreslrE¢ted funds increased lo £1,120,725 as of 31 March 2024 {2023.'
£729.194).
Restricted funds.. Incoming resources amounted lo £Nil12023 - £36,980). The amount received in the PriQf
ar was frorn a number of donats'ons from other ¢harities and individuals. Restrictèd expendrture in the
year was £24,97812023 - £12.1801, the reslrided funds carried forward on 31 March 2024 amounting
to £59,87412023.. £84.8521.
R888rves are ¢urrently held in deposit 8(￿Ount$ and investments managa¢J by Rathbones {formerfy
Inve8tec Wealth & Investment Ltd).
The trustee5' annual report was approved on 15 November 21T24 and signed on behalf of the board of
Iruslees by..
Mr M R Stevenson- Chair
Trustee
Mr M &bley
Trust&a

Sheffield Botanical Gardens Trust
Independent Examiner's Report to the Trustees of Sh•ffield Botanical Gardens
Trust
Year ended 31 March 2024
I report to thè trustees on my exarninat￿n of the financial statements of Sheffield Botani¢al Garilens Tnjsl
I'the charty) for the ye8r ènded 31 March 2024.
Re¥ponsibilities and ba$l$ of report
As the trustees of the charity YOU 8re responsible for the preparation of the financial stalernents in
accordance wth the requirements ofthe Charities Act 2011 I'lhe Act'l.
I report in respect of rny exafflinalion of the charty's financial stslemenls Carried out under seth'on 145 of
the 2011 Act and in carrying out my examination I have 101￿jW9d all the applicable Direction8 given by the
Charty Commission under Se￿On 14515llb) of the Act.
Indepondent examlnerfs statomgnt
Since the ¢harills gross income 8xc8eded £2￿,000 your examiner musl be a member of a body lisled in
section 145 of the 2011 Act. I confimi that l am qualifièd to undertake the examination because l arn
mernber of the Institute ol Chartered Accounlanls in England and Wales IICAEWI, which is one ol the
listed tjodies.
I have ¢ornpleted my axaminalion. I confim that no material matters have come lo my attention in
nneclion with the examination giving me cause lo believe that in any material ￿Spect..
accounting records were not kept in respecl of the charity as rgquir8d by Section 130 of Ihg Acl.,
or
thè financial statements do not accord wth those records,. or
the financial statements do not comply wrth the applicable ￿quTrem￿ntS conceming the forwn and
conlenl of accounts Sel out in the Charitie5 IAcLounts and Reports} Regulations 2008 other than
any requirement that tt)e a¢count5 give a 'true and fairf view which is not a mptter considered as
part ol an independent examination.
I have no concerns and have come across no other matters in connection with the examination to whieh
attention should be drav4n in this report in ord8r to enable a prop8r understanding of the accounts lo be
reached.
Stephen Allen BA {Honsl ACA FCCA
Independent Examiner
Om9ga CDUrt
3￿366 Cemetery Road
Sheffield
S11 8FT

Sheffield Botanical Gardens Trust
Statement of Financial Activities
Year ended 31 March 2024
2024
Restricted
funds Total fund$
2023
Unrestricted
nds
Total funds
Note
Income and endowm•nts
Donations and legacies
Total incgme
431.835
431,835
90,718
90,718
431.835
431,835
Expenditure
Expenditu￿ on challtable activities
Totsl èxp•nditure
26,523
24.978
51.501
26,554
26,523
24.978
51,501
26,554
Nel losses on in¥gStmenl$
(13,781)
113,781}
13,6571
N9t Incom• and net movement In fund¥
391,531
(24.978)
36e,553
60,507
Rèconciliation of funds
Total funds brought fotward
Totsl fund$ carried forward
729.194
84.852
814,046
753,539
1,120.725
59,874
1.180,599
814,046
The statement of linancial aetivrf(iès Indudes all gains and105585 rEcognised in the yaar.
AJI income and expenditure derive from ¢x)nlinuing activities.
The notes on pages 8 to 14 form part ol these flnan¢ial statements.

Sheffield Botanical Gardens Trust
Statement of Financial Position
31 March 2024
2024
2023
Note
Flxed assèts
Investments
11
Current assets
Debtors
Invèstments
Cash al bank and in hand
12
13
17,361
908,124
2Sg.361
11.669
568.069
238,387
818,125
1.184,846
Creditor5: amounts falling du• within one year
Nel current assets
14
4,248
1,180,598
4.080
614,045
Total as8ets less current Ilabllltles
1,180,599
814,046
Not assets
1,180,599
814,046
Funds ofth• rharlty
Reslricled funds
Unrestricted funds
59,874
1,120,725
84,852
729,194
Totsl charlty funds
15
1,180,599
814,046
These financial stalernents were approved by the board of Iru5tees and authorised for issue on 15
November 2024, and are signed on behalf of the board by..
Mr M R Stevenson- Chair
Twstee
Mr M Sibley
Trustee
The notes on pagos 8 to 14 forni part of these flnanclal Statèments.

Sheffield Botanlcal Gardens Trust
Notes to the Financial Statem•nts
Year ended 31 March 2024
General Infomiation
The charity is a public benefit entity an¢J a registered charity in England and Wales and is
unincorporated. The address of the principal office is Omega Court. 364366 Cemetery Road.
Sheffield, S118FT.
stat•rn￿t of compliance
Thèsè fin8nryal slalements have been prepared in compliance with FRS 102, 'The Firkincial Reporting
St8ndard applicable in the UK and the Republic of Ireland,, the Statément ol Recornrnended Practice
applicable lo charit￿$ preparing their accounts in accord8n¢e with the Financial Reporting Sland8rd
appli(¥ble in the UK and Rapublic of Ireland IFRS 102) (Charities SORP (FRS 1021} and the Charities
Act2011.
Accounting poli¢ies
Basis of prnparati¢)n
The finan(ial statements have b&gn prepared on the historical cogt basis. as mOdif￿d by the
revaluation of ¢trrt8in financial assets and liabilities measured at fair value through incom8 or
expendituft.
The financial ststernenls are prepared in sterlin9, whith is the funclional ￿rreNCY of the entity.
Going concern
There are no material uncertainliès about the charity's ability to ¢tsnb"nue.
Judgements and key •our¢es of estimatlon uncertatnty
Judgeme1￿ and key sources of eslirnation uncertainty In Ihe application of the Charity's accounting
policies, the TrLJStee8 are required to make judgements, eslimates and assumptions about the
carrying amount of ass8ts and liabilities Ihal are not rgadily apparent frorn other sources. The
eslirnates and aSS(￿lated assumptions are based on historical experience and other factor5 that are
considered to be relevant. Actual results may drffer from these estimates. The estimates and
underlying assumpb'on5 are reviewed on an ongoing basi5. Revisions to a¢counllng estimates are
racognised in the period in which the estimate is revised wh8r8 the ￿￿$l￿n affects only that period. or
in the period of Ihe rewsion and future periods where the revision affects both Current and future
periods. There were no signifi￿ntlUdgeMents oi estimates in relabon lo the year under raviaw.
Fund accountlng
Unreslricte(I funds are available for use at the discretion of the Iruslees to further any of the charity's
purposes.
Designated funds ar& unrestricted funds earmarked by Ihe trustees for particular future projed or
commrtrnent.
Restricted funds are subjected to restrictions ¢)n Iheii expenditure declared by the donor or through
the terms of an appeal. and fall into one of fv40 sUb￿a$se$.. restricted income funds or endowrrenl
funds.

Sheffield Botanical Gardens Trust
Notes to the Financial Statements (¢onllnued)
Year ended 31 March 2024
Accountlng poli¢195 (cortlnu•dJ
knv•stment¥
Unlisted equity investments a￿ initially recorded al cost, and subsequently measured at fair value. If
fair value ¢annol te reliably mèasured, assets are measured at cost less impairment.
Listed investments are m8asui&d al fair value with changes in fair value t*ing reojgnised in income
fx expenditure.
Investments in as$o¢iatrs
Investments in associates accounted tor in accordance with the cost rnodel are recorded al cost less
any accumulated impairment losses.
Investments in asswate$ 8c¢ounled for in accordance with the fair Wdlue model ara initially rgcorded
at the transaction price. Al each reporting date. the invèstments are Tneasured at fair value. with
changes in fair value taken through income or expenditure. Where il is impracticable lo measure fair
value reli8bty without undue cost or efftjrt. the cosl rnodel will be adopted.
Dividends and other distributions received from the invesllnenl are recognised as Income without
regard to whether the distribution5 are from accumulated profits of the associate arising before or after
tha d8te of acquisition.
knpairm•nt offlx•d a￿•t$
A rewew for indicators of impairment is carried out at each reporting date, with the recoverable
arnounl being estimated wh6rè $uch indicators exist. whe￿ the carrying value exCe￿S the
recoverable amount, the asset is impai￿d accordingly. Prior impaimenls are also reviewed for
possible reversal at each reporting dale.
For the purposes of impaiifflenl lesling. when it is not possible lo estimate the recoverable arrounl of
an individual asset, an estirnale is made of the ￿cOverable amount of th8 cash-generating unit to
which the asset belongs.
The castt-generating unit is thè smallest identifiable group of assets that includes the asset and
generates cash inflows that large￿¥ independènt of the cash infflows from other assets or groups of
assets.
Donations and l•gaclo8
Unrestricted
Funds
Restricted Total Funds
Funds
2024
Donations
Donations from FOBS
Donations from individual$
Fee, Events and Sponsorship
Sponsorship of pan85 of glass, trees and benches
Interest & Investment inGorne
Donations from Dther org8nisalions
HBO Filming
iO.OLKJ
7,735
7,000
10,000
7,735
7,000
33,￿2
33,902
1,500
1.500

Sheffield Botanical Gardens Trust
Notes to the Financial Statemonts (contlnu*dJ
Year ended 31 March 2024
Donatlons and legacles (eonlinyed)
Unrestricted
Funds
Restricted Total Funds
Funds
2024
L•gacl95
Legacies
371,698
371,698
431,835
431,835
restricted
Funds
Restricted Total Funds
Funds
2023
Donations
Donations fr(xn FOBS
Donations fr￿ individuals
Fee, Events and Sponsorship
Sponsorship of panes of glass, trees and benches
Interest & Investment incorne
Donations from other organi5ations
HBO Filming
15,000
8,354
4.000
450
25,934
15.000
8,354
4,000
1,950
25,934
35,480
1,500
35.480
Logacios
Legacies
53.738
36,980
90,718
S. Expgndtture on charitable octivitles by fund typtr
Unrestricted
Funds
Reslrided Total Fund
Funds
2024
E¥pendilur8
26.523
24,978
51.501
Unrestricted
Funds
Restricted T¢)t81 Funds
Funds
2(r23
Expenditure
14,374
12,180
26.554
10

Sheffield Botanical Gardens Trust
Notss to the Financial Statements (¢ontrnu•d)
Year ended 31 March 2024
Analysls of èxpgndlture
2024
2023
Accountancy fèès
Independent examiners fées
Stats'onery and postage
Project costs and repairs
In$iJran(*
Donation Kiosks I W8bsite etssls
Bank and inveslrnenl Charges
Legal and professitsnal fees
Room Hire
3,498
750
3,310
750
38
18,332
623
2,%2
429
110
44,468
554
1.584
370
60
217
Total
51.501
28,554
Includèd within the expenses is £24,978 of restricted expenditurg for projects to repair and
maintenance the gardens.
14et losses on investm•nts
Un￿strIC￿d Total Funds Unreslricled Total Funds
Funds
2024
Funds
2023
Gainslllosses) on other investment
assets
113.781}
{13,781)
13,657)
13,657)
Indepondgnt examlnatlon fe
2024
2023
Fees payable Its the independent èxaminer for..
Independent examination of the financial statements
750
750
Staff costs
The average head count of ernployees during the year was Nil12023.. Nill.
No employee received em￿oyee benefits of more than £fjO,000 during the year12023'. None).
10. Trustse remuneration and exp•n$e$
The Iruslees received ￿MUneration of £Nil {2023.. £Nill.
The Irusleas received expenses of £6012023.. £501.
11

Sheffield BotaniGal Gardens Trust
Notes to the Financial Statements fGonfrnue¢l)
Year ended 31 March 2024
11. Investments
Shares in
group
undèrtakings
Cost or v•lu¥tion
At 1 Apr 2023 and 31 Mar 2024
Impalrment
At 1 Apr 2023 and 31 Mar 2024
C?rrylng amount
At 31 Mar 2024
Al 31 Mar 2023
All inveslmerts shown above are held at valuation.
12. Debtors
2024
2023
Prepayments and ac(Yued inrtsme
Other dèbtois
2.336
9,333
17.361
17,361
11,669
13. Investmènts
2024
2023
Quoted Securities
908,124
S68.[￿9
During the year, addib.onal investments of £460,019 were made and sales of Inveslrnents lolalling
£105,746 were made. Due lo the fall in the market values during the year, there was a fair value
adjustment of £13,781 al the year end.
14. Crèdttorn: amounts falling due within on• year
2024
2023
Accruals and def8rred income
4.248
4,080
12

Sheffield Botanical Gardens Trust
Not8S to the Financial Statements [￿n11nUettJ
Year ended 31 March 2024
1S. Ana￿15 of charitable funds
Unrestrf¢tsd funds
Gains and
At
lossès 31 Mar 2024
At 1 Apr 2023
Income Expenditu
Goneral fund8
729,194
431,835
{26,523)
113.7811
1.120,725
Gasns and
At
losses 31 Mar 2023
Al 1 Apr 2022
Income Exwndilure
General funds
693.487
53,738
114,3741
{3,657)
729,194
Restrlctfrd funds
Gains and
At
losses 31 Mar 2024
At 1 Aw 2023
Incorne
Expènditurg
FOBS Projact and
activrties
SheffEld Town Trust
Sir John Osbome
Charitable Trust
J G G¥aves Charitable
Trust
Freshgale Trust
Sheffield Assay Office
other restricted funds
$0,352
20.OCM)
50.352
8.522
113,4781
3.000
10,000
3,000
110,tK)01
1,500
84,852
1,500)
124,9781
59,874
Gains and
Al
losses 31 Mar 2023
Al 1 Apr 2022
Income
Expenditure
FOBS Project 8nd
activities
Sheffield Town Trust
Sir John Osbome
Charitabl* Trust
J G Graves Charitable
Trust
Freshgale Trust
Shèffield Assay Office
other restricted funds
50,352
8,20D
50,352
20,IK)O
20.000
(8,2(N)}
1.SC
{1.5￿>
3.000
10,000
2,480
1,500
36,980
3,000
10,000
12,4801
1,500
84,852
60,052
(12.180)
13

Sheffield Botanical Gardens Trust
Notes to the Financial Statements (cQnlthu￿j
Year ended 31 March 2024
16. Analysls of net aM•ts beiwoen funds
Unrestricted
Funds
ReStri￿ed Totsl Funds
Funds
2024
Inveslments
Currènt assets
Creditors less than 1 year
Nat asstrts
1,124,972
14,2481
1,120,725
59,874
1,184,846
{4,2481
1.180,599
59,874
Unrestricted
Funds
Restricted Total Funds
Funds
2023
Inveslrnents
Current assets
Credilots less than 1 year
Ngt assets
733,273
(4,0801
729,194
84,852
818,125
14,0801
814,046
84,852
17. Contingent Ilabiliti¥$
The Trust issued a grant offer letter lo Sheffield City Council for the education officer for thè Eduealion
Centrè project.11 offered to rnatch fund with the National Heritage Lottery Fund (NHLFI the cos15 of
development officer lor one yèar to forrnulale a year education progr8m for delivery by an
sducalion offi￿[ {the "Development Ph85e'? and the costs of an education officer for delivery of that
piogramrne ov8r the next fvjo years Ith8 "Delivery Phase,). The Delivery Phase wa5 contingent upon
NHLF agreeing the education piograrnme. The liability of the Trust for the Development Phase was
£4,656 and this has been met in full by Ihe Trust following completson of the 0￿￿￿p￿ent Phase.
Following the successful appli¢alion to NHLF by Sheffield City Council lassisled by the Trust) for
funding for the DelNery Phase in early Summer 2021, tho Trust wa5 liable {on a mal¢h&d funding
basis) for part of the cxjsts for the edu￿tiOn officer for the tsyo year Delivery Phase of up lo £16.007
(approximately £8,000 per annuml which phase ha$ now complelerj and the Trust liability has been
met in full by the Trust (although invoiced and paid in the next period}.
Under the NHLF agreement, the Trust is committeil lo a potential £8,000 - £9,CD) per annum of
ftrnding for years >5 linclusivel of the e¢Yu¢atson officerfs post vthich. provided Ihe project is not
ftjrther extended, will expire in the period ending 31 March 2027.
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