CHARITY REGISTRATION NUMBER: 1162566
Sheffield Botanical Gardens Trust
Unaudited Financial Statements
31 March 2025
ALLEN, WEST AND FOSTER
Chartered accountants
Omega CoLJrt
364-366 Cemetery Road
Sheffield
S118Fr

Sheff ield Botanical Gardens Trust
Financlal Stalemenls
Year ended 31 March 2025
Page
Trust&85' annual report
Indèpendent sxaminerfs report to the trustees
Statement ol financial activibes
Statement ol linancial position
Notes lo the linanclal statements

Sheffield Botanlcal Gardens Trust
Trustees, Annual Report
Year ended 31 March 2025
The trustees present their report and th8 unauditéd financial Statements ol the charity lor the yaar endod
31 March 2025.
Reterence and @dmlnlstratlve detalls
Rè91sler8d ¢hgrlty name
Sheffield Botanical Gardens Trust
Charlty reglstrallon numb&r
1162566
Princlpal ottice
Omega Court
364-366 Cemelary Road
Shelfield
S118FT
Thè trusteas
M R Slev8nson- Chair
Mr J F 8 Hopkins
Mrs J M Quibell
MsCARoso
Mr M Sibley
Ms K Hors6field
Ms R A Hunter
(Resigned 20 February 20251
(Resigned 20 February 20251
Indepandenl examlner
Slepheri Allen BA (Honsl ACA FCCA
Omega Court
364-366 Cemetery Road
Sheffield
S11 8

Sheffield Botanical Gardens Trust
Trustees, Annual Report (Gonllntsedl
Year ended 31 March 2025
Structur&i governance and managament
The Trust 15 constituted as a Charitab18 Incorporated Organi58tion la "CIO'I and was registered as a charity
under the Charit185 Act 2011 on 7 July 2015. 11 is aclminislered and managed by the Trustees in accordancè
with the powers sel out in the Trust's Gonstitution which arnongsi other things prohibits the borrowing ol money
and commitm8nl to expenditure for which tun¢s are not already availabl8.
The body DI Trustees consists ol up to sèven Trusle&s of whom up to two may be Nominatad Trustees. The
Norninaled Trustee5 are appointed by the Friends ol the BDlanical Gardens I'FOBS"). Each Nominated Tiustee
appoiniment Is made at a meeting cofivened and held according lo the ordinary practic8 ol FOBS and is
effe￿1ve from Ihe later ol the date ol thè vacancy being filled by that appointment and the date on which the
other Trustees or the Trust secretary or cl8rk are Informed of th8 appointment. New Trustees (other than
Norninated Tru5teÉsl are appointed by a resolution ol thè Trustees at a Trustee's m6eling convened pursuant
lo the Trust's Conslilution.
By an agreem8nl datod 29 October 2015 1.the Transfer") Shett181d Botanical Garden5 Trust (whose registered
charity number was 1057845 and which is fK)w 1162566111 I the Original Charily'l Iianslerred its entire
activities and asset5 to the Trust. The Charity Commission consented lo the Transfer. The Trvsi has the same
purposes and obj8ctiv8s as the Original Charity.
The reason lor establishin9 the Trust was lo lacililale the r8developmenl ol the Education Centr8 1 the
Redevelopment"). Having esiablished the CIO It was considered to be more efficacious for the CIO to lake over
Ihg rest ol the business ol the Original Gharity and il did.
Th8 RedevElopment was carried out by the Sheffielcj City Council with funds glfted to it the Trust. These
funds wgre part ol the assets transferred lo the Tru51 from the Original Charity pursuant lo the Translgr.
Th8 Original Charity continues lor the purpose of re¢eiving18gacies and gifts. For ease ot oryoing management
of the Original Charity, the Trust applied to the D8partrnent ol Juslice a￿1 was aulhorised to become th8 sole
corporate Iruslee ol the Original Chafily
Objectlve$ and activltlès
The objectives ol the Trust ara lo improve and refurbish the Sheffield Botanical GarcJ&ns Ilhe "Gardens'l, its
collections and its buildings lor the 8ducation and benefit ol the inhabitants of Sheffield and ils surrounding
areas.
The Trusi raises funds f(>r the developrnent and relurbishmenl ol the bui1Llings and lighiino ol the Gardens, thèir
inlerprelalion and promotion and the Improvemenl ol the plant collection throughout the Gardens. It also rai58S
funds lor the provision ol education programm95 relating to Ihg Gardens based In and around the Education
Centre.
The Trustees confirm that they have refèrred to the guidan¢e containad in the Charity Comrnis5ion's gen8ral
guidance on public benefit when reviewiffj the Tiusl's aims and objectives and in planning future activities,

Sheffield Botanical Gardens Trust
Trustees. Annual Report Icontlnued)
Year ended 31 March 2025
Achlev&ments and performanc•
During th8 reporting period, Sheffield Botanical Gardens Trust received income from a eombination ol
clonaiions: grant5 and Investment ineome. The 2024125 financial year was a period of signilicant progress an
achievomeni lor the charily. Major milestoTr&s included the establishment and official opgning of the new
Volunt8£r Cèntre, substantial investmenl in garden refurbishment projects, and the continuation of educalion
and 9ngagemenl initiativ&s Ihrougth the Dorothy Fox Educalion Centre. The Trust also provided ongoing support
for visitor facilities such as bench85 and trails, published a new history ol the Gardens, and celebra18d the 40th
anniversary ol the Friends ol the Botanical Gardens. In addition, the Trust was th8 recipiont ol a gènerous
legaey Irorn the estate of Dr Jill Thompson, ensuring lurth6r support lor its charitable objeetiv&s.
Gardèn Improvements
During the reporting period, the Trust awroved funding for a planting programme proposed by Andrea Jones
Head Gardener. This included live projects with a conibined cost of £9,500, ong ol which-the New Zealand
planting project-was cornmenced during the year. The N8w Zealand Garden, which is being replanted with
Sp￿la11$1 plants and f9rns io creat8 an important new attraction was allocated £5,000 ol the total. The Trust
also supported a number ol gravel-rela18d projects, including ifflprovements to the Award of Garden Merit dry
bed, the Marnock Gard8n. the Mediterranean Garden, the Rock and Water Garden, and the provision of red
granite gravèl lor the Pavilions. The renewal ol the bed near the main gat8hou5e has creatèd a particularly
attractive display. Enhanc8m8nts lo the Rock and Water Gaiclen were further complem8nl8d by the planting ol
an Acer Japanese Ma￿e and a matur8 Cloud-Prun8d Pina.
Vlsltor Facilities
The Trust continues lo support a rolling programme ol maintenance and repair ol benches in partn8r$hip with
Sheffield City Council. This includes replacing 8XiSting wooden benches with new metal benehes that require
minirnal mainienance, are moig SU51ainable, and oller greater longevity. In total, 16 new baneh88 w8re installed
during the pericd, with th8 Trust awarding £2,680151Y/o of the total costl towards this worff. In addition, £1.550
was allocated to the creation ol new signage. enabling a r8configuralion ol th8 popular Ri(Jdle Trail 10 enhance
the visitor gxp8ri8nce.
Dorothy Fox Education Centre
The Trust provided £S,ODO, matched by Sheffield City Council, towards thè eonstru¢iion of a new corridor at the
Dorothy Fox Education Cenlie. Completed during the summer, this project has Improved th8 functionality and
use ol space within the building. Shemield Council was granl8d £8,000 from the Trust for sal&ty railings,
tarmacking, fencing, new signage and improvements to th8 entrance gateway ol the Dorothy Fox Education
Genlre.
Volunteer Cen
One ol th8 most 8ignificant achievements of the year was the establishment ol a new Volunt8er Centre, located
just below the Dorothy Fox Education Cenlie and adja¢enl lo the waintenance yard. The C8ntre provides a
welcomiry indoor space where members ol the Friends ol the Botanical Gardens IFOBSI and oth8r volunteers
can relax, prepare relreshmenls, and store belongings while working in th8 Gardens, The Trust oranled
£52,395 10 fund the project, which included the dernolilion DI th8 existing sheds: removal of a brick wall, and
extension ol the concrele pad lo accomfflodale the prelabri¢ated building. The facility was off icially opened on
27 May 2025 by The Right Worshipful Lord Mayor ol Shettield, Councillor Saliya Saeed.

Sheffield Botanlcal Gardens Trust
Truslees, Annual Report Iw)iinuedl
Year ended 31 March 2025
Achlevemenl$ and ￿rfOrMance (contlnu¢dJ
Educatlon and Communlty Engagement
The Trust continues lo support the Education Offic8r post within the Gardens, delivered as part ol a joint
application to the National Heritage Lottery Fund INHLFI. Under Ihe terms ol thi5 agreement, the Trust 15 liable
lor a potential £8.000-t9,000 per year lo¥vard5 this post until 31 March 2027. The first of these payments fell
within the reporting period. with £4.000 Invoiced and pèid. To mark the 40th anniversary ol the Friends of the
Botanical Gardens, the Trust contributed £500 towards th8 c8lebrabon h&ld on 4 August 2024. which included
refreshments and music from a brass band.
Publl¢atlons and Cultural Conlrlbutlons
The Trust supported the publlcation ol Ali50n Hunter's IIIusirated History of the Botanical Gardans. an important
resource lor Pro￿oI1ng the Gard8ns and their eduealional value. A print run ol 154 copies was produced al a
cost of t1.875, with éach copy retailing al £24.95. Before dedvcling sales costs, the TrLSSI anticipates a gross
return of £1.967.
L890¢18s and Investmants
Thg Trust Is d8eply gralÈful to its supporters who continue lo rernernber the Gardens in thèir wills. During the
reporting period, the Trusl received a further 16gacy instalment of £43.368 from the e5tale of Dr Jill Thompson.
This generous gift will Pfovlde vital support lor the Trust's charitable obigctives In lulure years. The Trust
gratèfully received an in memoriam donation or £14,882 from Chris and Melanie Holdsworth. to honour their
parerils, Dr Dprek and Vanèssa Holdsworth and to r￿agnISe their parents. love and enioymenl ol the gardens.
The Trustees wish lo record their sincere appreciation. The investment strategy policy that was adopted tyy th8
Trust in the 2017118 year continu85 in place Wllh Investments made an(J continuing lo be made In compliance
with this policy. The finance sub-committ&e continuès to meet and monitor the Iiivesttn8nl portfolio and
additions Iherelo and repoft5 to the Trustees at every meeting.
Flnancial r8vlew
Unreslricled lynds." Incorning r8sources Inel of / including gains on Inveslm8Filsl amounted to £131,35512024
£418,0541 and expenditure of £21.701 12024 - £26,523) was Incurred. Aller the surplus lor the year ol £110.182
12024- e391.5311 tsnrestricled funds increased lo £1,230.907 as 0131 March 202512024." £1,120.7251,
Reslrictgd funds.. Incoming resources amounted to £Nil 12024 - £Nill. Restricted expenditure in the y8ar was
£43,893 12024 - £24,978), with the restricted funds carriad fO￿ard on 31 Mar¢h 2025 arnounb'ng to £15,981
12024.. £59.8741.
Resgrves are currendy hekl in deposit accounts and investments rnanaged by Ralhbones Investment
Management.
The trustees, annual report was aFproved on 19 September 2025 and signed on behalf ol th8 board ol trustees
by..
Mr M R Stev2nson- Ghair
Trustee
Mr M Siblay
Trustee

Sheffield Botanical Gardens Trust
Independent Examiner's Report to the Trustees ol Sheff leld Bolanical Gardens
Trusl
Year ended 31 March 2025
I report lo the trustees on my examination of the financial stat8fflenls ol Sheffield Botanical Gardens Trust Ilhe
¢harily'l lor the year end$d 31 March 2025.
R8$ponsSblllti•8 and b8$58 01 report
As Ihe trustees of the charity you afe responsible for the preparation of the financial statements in accordance
with the ￿quirementS of the Charities Act 2011 1'th& Acl'l.
I report in respect of my examination of Ihs ¢harily's Ilnancial stat9ments carried out under section 145 of the
2011 Act and in carrying out my exatnination I have followed all th8 applicable Directlon5 given by th8 Charity
Cornmission under section 14515llbl of the Act.
Ind&pendenl examiner's ststement
I have compl8fed my examination. I confirm that no maleriai matters have come to my &tteTrlion in connection
with th8 examination giving mo Cause to b81ieve that in any material re5pecl'.
accounting records were not kept in r8sp8Ct ol the charity as required by section 130 01 the Act- or
the financial staternents do not accord with those records.. or
the financial statements do nol cornply wilh Ihe applicable requirements concerning the form and
content of accounis set out in the Gharilies (Aceounls and Reports) Regulation5 2008 oth$r than any
requirement Ihai the accounts give a 'lrue and lair, view which is not a tnatler considered as part of
an Independent examination.
I have no concerns and have com8 across no other matters in conn8clion with thg gxamination lo which
attention should be drawn in this rèport in order to enable a proper understanding ol the accounts lo bè
ached.
Steph8ri Allen BA (Honsl ACA FCCA
Independent Examin8r
Omega Court
384-366 Cemetery Road
Sheffield
S118FT

Sheffield Botanical Gardens Trust
Slatement of Flnancial Actlvities
Year ended 31 March 2025
2025
Restricted
funds Total tunds
2024
Unrestricted
funds
Total funds
Note
Income and endowments
Donalions an(J18gacies
Totèl income
126,915
126,915
431,835
431,835
126,915
126,915
Expenditure
Expenditure on charitable activities
Total èxpttndlture
21,701
21.701
43,893
65,594
51,501
51.501
43,893
65,594
Net gain51110s8951 on inve5tsll8nts
4,968
4,968
113,7811
Net incom8 and net movomant in funds
110,182
143,8931
66,289
366,553
R8conclllatlon of funds
Total funds brought forward
Totsl fund$ ¢¢rrled forward
1,120,725
1,230,907
59.874
1,180,599
814,046
15,981
1,246,888
1.1 eo,599
The statement of financial &lfvitl8s includes all oains and losses recognised in the year.
All incorne and expenditure derive from continuing activities.
The notes on pages 8 to 13 lomi port ol these flnancial statèments.

Sheffield Botanical Gardens Trust
Statement of Financlal Posillon
31 March 2025
2025
2024
Flxed ass•ts
Investments
Note
Current as$Èts
Debtors
Investments
Cash at bank and in hand
12
13
14,806
913,093
323,363
1,251,262
17,361
908,124
259,361
1,184,846
Credltors.. 8mounts lallrng du• withln one yèai
Net currènt assets
14
4,375
1,248,887
4,248
1,180,598
1,180,599
Total assets less current Ilabllitles
Net ossets
1,246,888
1,246,888
1,180,599
Funds of thè charity
Resiricted funds
Unr8Stricted funds
15,981
1,230,907
1,246,888
59,874
1,120,725
Total charlty funds
15
1,180,599
These financial stalgmenls were approv8d by the board ol Irust88s and authori5ed lor issue on 19 Sèpt8mber
2025, and are signed on beha￿ of the board by-
Mr M R Stevenson - Chair
Trustee
rdr M Siblgy
Trustee
Tha notes on pages 8 to 13 lom) part of these Ilnanel81 $tstements.

Shelfield Bolanical Gardens Trust
Notes to Ihe Financial Statemenls
Year ended 31 March 2025
General Informatlon
The charity Is a public benefit enb.ty and a registered charity in England and Wales and is unincorporat8d
under the Companies Act. The address ol the prin¢ipal ollice Is Omega Court. 364-366 Cemet8ry Road,
Sheffield, Sl 1 8K,
Statement of ¢ompllanc8
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting
Standard appli¢ab18 in the UK and th8 Flepublr of Ireland., Ihg Statement ol Re¢omm8nded Pra¢lice
applicable lo charities preparing their s￿OUntS in accordance with tho Financial Repoiting Standard
applicable in the UK and Républic of Ir81and IFRS 1021 Icharities SORP IFFIS 10211 and the Charities Act
2011.
Aecounling poll¢les
Bssls ot preparatlon
The financial statements hav8 been prepared on Ihe historical cost basis, as modilled by the revaluation
of certain financial assets and liabi1Sties measurèd al fair valu8 through In¢ome or expenditure.
The finanoal slatem8nls are prepar8d in sterling. which is th8 functional currency of the gntity.
Golng conc•rn
There are no material uncertainties about the charity's ability lo continue.
Judg&m&nt$ and key $ourc8s of estimation uncertalnty
Judgements and key sources ol eslimalion uncgrtainly In the application ol the Chanty's accounting
policies. Ihe Trusl68s are require¢J lo make judgern6nts, estimat9s ancj assumptions about the carrying
amount ol assets and Iiabililies thai are not readily apparent from other sources. The estimates and
associated assumptions are based on historical experience and other lactors thal are Considered lo be
relevant. Actual resu115 may dilfer from these eslimales. Th6 &slimates and underlying assurnplions are
reviewed on an ongoing basis. Revisions to accounting estimates are r6¢0gnis8d in tha period in which
th6 9Stimale is revised where the revision aflecis only that period, or In the period of th8 révision and
tutur8 periods where the ievtsion affects both current and future periixls. Thère wgre no significant
judg8tnents Di estimat&s in relation lo the year under review.
Fund ¥ccountlng
Unrgstricled lunds are available foi use al the discretion ol th8 trustees lo further any ol the ¢harily's
purposes.
Dèsignated funds a￿ unr85tricled funds earrnarked by the trusts88 lor particular future project or
commitrnent.
Aeslricled fund5 arg subjected to restrictions on their expenditure déclared by the donor or through th8
term5 01 an appeal, and Idl into one ol two 5ub-classes- restricted income funds or endowment funds.

Sheffield Botanical Gardens Trust
Notes to Ihe Financial Stalements leontinued)
Year ended 31 March 2025
Accounllng policlès Iconllntsed}
Invéstrnent8
Unlisted eouily investments are inlhally ￿e0rded al cost, and subsequently measurgd at lair value. 11 fair
value cannol be reliably measured, ass8ts are measuf8d at cost less impairment.
Listed investments are measured at lair value wilh changes In fair value being recognised in income or
expenditur8.
Investments in associat05
Investments in associal8s accounlgd for in awordance with the cost model are r8corded at cost less any
accurnulaled Impairment losses.
Investments In a$sociates accounted lor in accordance with the lair value model are initially recorded al
the Iransaclion pric6. Al each rèporting Oato, the Investments are measured al lair value, with changes In
lair value taken through Income or expenoilure. Where Il Is Itnpraclicable to measure lair value reliably
without undue ¢05101 effort. the eosl model will be adopted.
Dividends and other distributions received Irorn the investment are recconised as income wilhoul r8gard
lo wh81her the distributions arg from accumulated profits of the associate arising beforé or after the dale
of acquisition.
ImpaSrm8nt of flxed 0$88ts
A revi8w lor indicators ol impairment is carried out at each reporting date, wrth the recoverable amount
being $slimaled where such indicators exist. Whère the carrying value 8xceeds the recoverable amount
the asset is impaired accordingly. Prior itnpairm8n15 are also review8d lor possible reversal al each
reporting dat8.
For the purposes ol impairmgnl lesling, when il is not possible lo eslirnate the recovérable amount of an
individual asset. an estimate is made of the recoverable amount of the cash-generating unil lo which the
asset bélongs.
The cash-g&n&rating unit is the sffla119St id6nlifiable group ol assets that includes the asset and generat85
cash inflows that largely independent of the cash inflows from other assets or groups ol ass$ts.
DonatIor￿ and l8g¥cies
Unreslriclod Total Funds Unreslrieled Total Funds
Funds
2025
Funds
2024
Donallon$
Donations from FOBS
Donats'on5 from individuals
Fee, Evonts and Sponsorship
Sponsorship of panes ol glass, trees and
benches
Interest & Inv8slrnent income
H80 Filrning
5,000
7,916
1,000
5,OCx)
7,916
1,000
10,000
7,735
7,000
10,000
7,735
7,000
1,000
53,768
1,000
53,768
33,902
1,500
33,902
1,500

Sheffield Botanlcal Gardens Trust
Notes to the Flnancial Slatemenls (¢ontlnueLI)
Year ended 31 March 2025
Donations and legaci8s Icont1nt￿dJ
Unrestrictèd Total Funds
Funds
2025
Unrsstricl6d Total Funds
Funds
2024
Leg8clès
Lggacies
58,231
126,915
58,231
126,915
371,698
431,835
371,698
431,835
Expendlture on charltable actlvilles by lund type
Unrestricted
Funds
Flestricted Totol Fund$
Funds
2025
Expenditur8
21,701
43,893
65,594
Unreslricled
Funds
Restri¢led Total Funds
Funds
2024
Expenditure
26,523
24,978
51,501
An8lysl$ ol •xpendlture
2025
2024
Accountancy fees
Independent examinsr's fees
Stationery, printing and postage
Charitable grants
In5uran¢e
Donah'on Kiosks I W£bsite costs
Bank and investrnent charges
L8gal and prolessional fees
Room Hire
Event costs (FOBS 40th)
Trav61 a￿1 subslstencè
3,625
750
2,013
55.522
563
1.702
S45
90
200
575
3,498
750
44,468
554
1.584
370
60
217
Total
65.594
51.501
Included within the expenses is £43,893 of restricted expenditure for projects lo repair and maintenance
the gardens.
Net gainslllossesl on Invgstmgnts
Unrestrieted Total Funds
Funds
2025
Urnroslricte(J Total Funds
Fun(Js
2024
Gainslllossasl on other investment
assets
4,968
4,968
113,7811
113,7811
10

Shelfield Botanical Gardens Trust
Noles to the Financlal Statements (Qonttft￿J
Year ended 31 March 2025
Independent ax•minatlon fees
2025
2024
Fees payable to thè independent examiner for..
Independènt examination ol the financial statefflents
750
750
Stait costs
Thg avarag8 head count of emtyoy8e5 during the year was Nil12024: Nill.
No employeg rec8ived employee benefits ol rnore than £60,000 during the year12024.' None).
10. Trustee r•mun8ratlon and èxpen8•S
The trustees ree8ived remungration of £Nil12024.. £Nill.
Thè trustees rac8ived expenses 01 £2412024.. £801.
11. Investmènts
Shares In
group
undertaklngs
Cost or v8luatlon
At 1 Apr 2024 and 31 Mar 2026
Impairment
At 1 Apr 2024 and 31 Mar 2025
Cairylng amount
At 31 Mar 2025
At 31 Mar 2024
All investments shown above ar& hgld at valuation.
Thé investment of £1 is for Sheffield Botanical Gardens Limited.
12. Dabtor8
2025
2024
Other debtors
14,806
17,361
13. Investmonts
2025
2024
Quoted Securities
913,093
908,124
During the y&ar, there were no additional investments or sales ol inveslmenls. Due to th9 rise in the
market valuès during th8 year, there was a lair value adjustment of £4,968 at the year end.

Sheffield Botanlcal Gardens Trust
Notes to the Flnancial Statements (conllnt￿￿1
Year ended 31 March 2025
14. Creditors: amounts falllng due wSthln one yoar
2025
2024
Accruals and deferred income
4,375
4,248
15. Analysls of C￿lItabl8 lunds
Unrestricted lund$
Gains aThY
At
losses 31 Mar 2025
At 1 Apr 2024
Income Expenditure
Gen8ral fund5
1,120,725
126,915
121,7011
4,968
1.230,907
Gains and
At
losses 31 Mar 2024
At 1 Apr 2023
Incom&
Expenditure
General funds
729,194
431,835
126,5231
113,7811
1,120,72S
Restricted lunds
Gains and
At
losses 31 Mar 2025
Al 1 Api 2024
Income
Expénditure
FOBS Project and
50,352
6,522
Shetfield Town Trust
J G Grave5 Charitable
Trust
Freshgale Trust
Other resiricted luThYs
135,8931
15,0001
14,459
1,522
3.OCK)
13.0001
59,874
143,8931
15,981
Gains and
Al
losses 31 Mar 2024
At l Apr 2023
Incorne
Expenditure
FOBS Project and
50,352
20,000
Sheffield Town Tru51
J G Graves Charitablg
Trust
Freshgal8 Tru$l
Other r85tricled funds
50,352
6,522
113,4781
3.000
10.000
1,500
3,000
110,0001
11,5001
124.9781
84,852
59,874
12

Shelfield Botanical Gardens Trust
Notes to the Financial Statements leon11n(￿lI
Year ended 31 March 2025
16. Analysls ol nèt assets belwoon lunds
Unrestricted
Funds
Restricted Total Funds
Funds
2025
Investments
Current assels
Creditors less than 1 year
Net asgets
1,235,281
14,3751
1,230,907
15,981
1.251,262
14,3751
1,246,888
1S,9e1
Unrestricted
Funds
Restricted Total Fun(15
Funds
2024
Invgstments
Current assets
Creditors less than 1 year
Not a59ets
1.124,972
14,2481
1,120,725
59,874
1,184,846
14,2481
1,180,599
59,874
17. Contlngent Ilabilrties
The Trust issued a grant ofler letter to ShefField City Council lor the education officer lor the Education
Centre project. It offered to match fund with the National HerilagÈ Lottery Fund INHLFI the costs ol a
deVelo￿ent officer lor one y8ar to formulate a two year education program lor delivèry by an education
officer Ilhe 'Developfflenl Phase'l and the costs ol an edUcat￿on oNic@r lor Llelivery ol thai programmo
OV8r th8 nexi two years (the "Delivery Phase'l. Ttrie Delivery Phase was conlingenl upon NHLF agreeing
the 8ducation programrne. The liability of the Tru¢ t lor the D8velopm&nl Phase was £4,656 and this has
bèen mel in lull by the Tnjst following completion ol the Development Phase.
Following the SLJCC8ssful appiication to NHLF by Shemield City Council lassislerj by the Trust) for funding
for Ihe Delivery Phase In early Summer 2021, the Trust was liablg lon a matched lun¢Jing basis) lor parl ol
the costs lor the education olficgr for the two year Dolivery Phase ol up to £16,007 lapproximaièly £8.000
Por annuml which phasè has now completed and the Trust 1iabillly has been mel in full by the Trust
(although invoicèd and paid in the ne¥1 period).
Under Ihe NHLF agreetnent, the Trust is committ£d lo a potential £8,000 - £9,000 per annum ol funding
for years 3-5 linclusiv91 ol the education officer's post which, provided th8 proj8cI 15 not further exlendeol,
will 8xpire In the periocl ending 31 Mar¢h 2027.
In this period th6 Trust has discharged it's year 3 liability in the arnount 01 £4.000.
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