Charity number: 207481
THE J G GRAVES CHARITABLE TRUST
UNAUDITED
TRUSTEES' REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
Document ID: 3e44dc1ace35d25a88d8ad1d71469b588ae86d6c734770aa7ff32f5fc9d5a84a
THE J G GRAVES CHARITABLE TRUST
CONTENTS
| Page | |
|---|---|
| Reference and administrative details of the charity, its Trustees and advisers | 1 |
| Trustees' report | 2 - 5 |
| Trustees' responsibilities statement | 6 |
| Independent examiner's report | 7 |
| Statement of financial activities | 8 |
| Balance sheet | 9 |
| Notes to the financial statements | 10 - 20 |
Document ID: 3e44dc1ace35d25a88d8ad1d71469b588ae86d6c734770aa7ff32f5fc9d5a84a
THE J G GRAVES CHARITABLE TRUST
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2025
| Trustees | A C Womack,Chair |
|---|---|
| J C Bramah | |
| S Cotton(resigned 26 January2026) | |
| J Drayton | |
| A T Graves | |
| S Greaves | |
| K Hayward(resigned 29 October 2025) | |
| R H M Plews | |
| P Price MBE | |
| G Richards | |
| K Streets MBE DL | |
| S Tesfaye | |
| Charity registered number 207481 Secretary and principal office Mrs R Heath BHP Professional Services Limited Albert Works Sidney Street Sheffield S1 4RG Website www.jggravescharitabletrust.co.uk Bankers Virgin Money 66 Fargate Sheffield S1 2HE Investment advisers Rathbones Beech House 61 Napier Street Sheffield S11 8HA Independent examiner Hannah Jones FCA Hart Shaw LLP Europa Link Sheffield Business Park Sheffield S9 1XU |
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Document ID: 3e44dc1ace35d25a88d8ad1d71469b588ae86d6c734770aa7ff32f5fc9d5a84a
THE J G GRAVES CHARITABLE TRUST
TRUSTEES' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2025
The trustees present their annual report together with the financial statements of the charity for the year ended 31 December 2025.
The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charity's governing document, the Charities Act 2011 and 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 published in October 2019.
Structure, governance and management
a. Governing document
The J G Graves Charitable Trust is constituted under a Declaration of Trust dated 7 August 1930 and is a registered charity number 207481.
b. Trustees
Trustees are appointed by the Board of Trustees except for three who are nominated as representative Trustees by Sheffield Town Trust, The Cutlers' Company in Hallamshire and Sheffield City Council.
The current trustees are listed in the reference and administrative information on page 1. All trustees give their time voluntarily and receive no benefit from the charity.
c. Induction and training
New trustees are provided with information concerning the charity including copies of the governing document, the most recent trustees' report and accounts and minutes of recent meetings. Information relating to the governance and operation, grant making policies, investments and trustee duties and responsibilities is also provided.
Trustees are encouraged to attend external trustee training sessions that are freely available in the region.
d. Organisation
The trustees meet quarterly to consider the work of the charity including grant making decisions. All decisions are then implemented via the secretary and her assistants.
The charity receives appeals for funding from areas throughout England. Applications from outside Sheffield are not considered except in exceptional circumstances. Certain appeals from within Sheffield are subject to further enquiry or a visit by a trustee. Grants are decided by the trustees at their quarterly meetings. The Trust used a grant monitoring process to ensure grants are used to support eligible purposes.
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Document ID: 3e44dc1ace35d25a88d8ad1d71469b588ae86d6c734770aa7ff32f5fc9d5a84a
THE J G GRAVES CHARITABLE TRUST
TRUSTEES' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
Structure, governance and management (continued)
e. Risk management
Attention is given regularly to the management of the assets of the charity which are held to enable it to carry out its charitable activities. Management of incoming and outgoing resources is considered at each meeting of trustees based on written summaries of financial transactions.
As a matter of good practice, the trustees are conscious of the need to consider risk.
The trustees have examined the major strategic and operational risks which the charity faces, which are recorded in a risk schedule and reviewed annually. They are satisfied there are adequate controls to safeguard the charity against such risks.
As part of the safeguards, the trustees engage professional investment managers who carry indemnity insurance and a professionally qualified secretary who carries professional indemnity insurance through her own practice.
Objectives and activities
a. Objects and Grant Making Policies
The objects of the Trust are to apply its income for the provision of parks, open spaces, libraries and art galleries, the advancement of education, the general benefit of the sick and poor and for such other charitable purposes as the trustees think fit.
The majority of grants are made to registered charities although other appropriately constituted groups may be assisted. Details of the objectives of the charity and the procedure to be followed in making applications are contained in various Directories of Grant Making Trusts and other similar information sources, both local and national. This information is also detailed on the trust’s website www.jggravescharitabletrust.co.uk. However, at the discretion of the trustees, all grant making is restricted to the beneficial area of Sheffield.
b. Public benefit
The trustees have referred to the guidance on public benefit issued by the Charity Commission when reviewing the trust’s objectives and grant making policies. Details of how the charity has carried out its grant making activites for the public benefit are given in the section below.
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Document ID: 3e44dc1ace35d25a88d8ad1d71469b588ae86d6c734770aa7ff32f5fc9d5a84a
THE J G GRAVES CHARITABLE TRUST
TRUSTEES' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
Achievements and performance
a. Main achievements of the charity
The charity has continued to meet its objectives and fulfil its public benefit requirements by making grants for charitable purposes. In making a decision on each individual appeal, the trustees place importance on benefiting as wide a range and as large a number of people as possible from a single grant. They also endeavour as far as possible to make grants where the funding will “really make a difference” rather than being lost in a larger pool of resources.
Grant monitoring forms are requested from recipients of grants detailing the use to which the grant has been put and these provide evidence of the benefit provided by the charity.
By making grants, the trust has furthered its charitable purposes for the public benefit.
An analysis of grants made during the year is detailed in note 3.
Financial review
a. Going concern
Free reserves at 31 December 2025 including unrestricted fixed asset investments and after deducting the £2,000,000 exceptional and significant receipts detailed in the reserves policy are £1,446,637 (2024: £1,305,418).
The Trust has sufficient reserves to enable it to continue for the foreseeable future. Therefore the trustees believe it is appropriate for the financial statements to be prepared on the going concern basis.
b. Financial review
The charity was established with an endowment fund which is invested in securities. The original endowment was received from the trust’s settlor. Three legacies and a windfall property realisation are regarded as capital in nature by the trustees who decided the best method of using these funds in furtherance of the trust’s objectives was to invest the funds and distribute the income generated.
Income from invested funds totalled £217,112 (2024: £234,994), a decrease of £17,882 from the previous year. Charitable grants totalled £314,780 compared with £223,644 in the previous year. Support costs totalled £26,878 (2024: £30,980) and investment management fees were £30,061 (2024: £28,624). Net expenditure before net gains on investments was £154,607 compared with £48,254 in the prior year. There were gains on investment assets of £545,215 compared with gains of £247,085 in the prior year. The net movement in funds for the year was a surplus of £390,608 (2024: surplus of £198,831). Total funds carried forward at 31 December 2025 were £6,613,494 (2024: £6,222,886) of which £3,166,857 (2024: £2,917,468) were endowment funds and £3,446,637 (2024: £3,305,418) were unrestricted funds.
There were 83 (2024: 88) successful applications in the year, however 88 (2024: 94) grants were paid, after taking into account previous grant commitments being released and new commitments not yet paid. The trustees have continued to judge each appeal on its merits and make grants of amounts they consider appropriate in each case.
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Document ID: 3e44dc1ace35d25a88d8ad1d71469b588ae86d6c734770aa7ff32f5fc9d5a84a
THE J G GRAVES CHARITABLE TRUST
TRUSTEES' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
Investment policy and performance
The overall investment strategy is for a balance of income and capital growth in a medium risk environment.
The trustees’ powers of investment are subject to the Trustee Act 2000. There are no other restrictions on the charity’s powers to invest.
In line with general stock market trends, investment performance during the year showed a 8.88% increase in value. In aggregate, the portfolio increased by £515,154 to £6,541,687 at the year end.
At the year end the trust held approximately 91.8% (2024: 99.9%) in Equity Based Managed Funds (various UK and Overseas funds), 7.8% in Liquidity Funds (2024: nil) with the remaining 0.4% (2024: 0.1%) held in cash. As a precaution against investment risk, all the investments are managed on a discretionary basis by professional investment managers.
The Trust’s investment performance is monitored against a benchmark on an annual basis. In the year to 31 December 2025, the performance of the investment portfolio was behind the benchmark. The benchmark set was +15.45% on a total return basis. The actual performance was +11.99% on a total return basis.
The portfolio returns were pleasing ahead of our peer group ARC Charity Steady Growth +8.6%, whilst broadly in line with MSCI PIMFA +12.9%.
Reserves policy
It is the policy of the trustees to maintain unrestricted funds, which are the free reserves of the charity, at a level which would enable them to continue to make appropriate levels of donations to suitable applicants as the need arises, including major donations to exceptional projects.
In essence, all the available income after defraying necessary support and administrative expenses is available for distribution in accordance with the charitable objectives. This was broadly the case in 2025.
In years gone by, the Trust has been the beneficiary of certain exceptional and very significant receipts comprising three legacies and a windfall property realisation. These total approximately £2,000,000 and are held within unrestricted funds. At the time of their receipt, the Trustees took the view that the most beneficial way of utilising these funds was to invest them and for the income arising to enhance the Trust's capacity to make grants in accordance with its charitable objectives. This remains the Trustees' view. However, they remain very mindful that such funds remain available to fund significant grants to suitable major projects in pursuance of the Trust's charitable objectives and in furtherance of the public benefit. This they have done from time to time, most recently for Harmony Works in 2025.
Plans for the future
The Trustees intend to continue the existing pattern of grant making in accordance with the objectives of the charity to reach charitable organisations and community-based projects in the City of Sheffield.
Approved by order of the members of the board of trustees and signed on their behalf by:
A C Womack
Date: 28/04/2026 GMT
Signer ID: GJYIG5QHLC...
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Document ID: 3e44dc1ace35d25a88d8ad1d71469b588ae86d6c734770aa7ff32f5fc9d5a84a
THE J G GRAVES CHARITABLE TRUST
STATEMENT OF TRUSTEES' RESPONSIBILITIES
FOR THE YEAR ENDED 31 DECEMBER 2025
The trustees are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England & Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the trustees are required to:
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles of the Charities SORP 2019 (FRS 102);
-
make judgements and accounting estimates that are reasonable and prudent;
-
state whether applicable UK Accounting Standards (FRS 102) have been followed;
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the members of the board of trustees and signed on its behalf by:
Signer ID: GJYIG5QHLC...
A C Womack Chair Date: 28/04/2026 GMT
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Document ID: 3e44dc1ace35d25a88d8ad1d71469b588ae86d6c734770aa7ff32f5fc9d5a84a
THE J G GRAVES CHARITABLE TRUST
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 31 DECEMBER 2025
Independent examiner's report to the trustees of The J G Graves Charitable Trust ('the charity')
I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 December 2025.
Responsibilities and basis of report
As the trustees of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').
I report in respect of my examination of the charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable 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 that in any material respect:
-
accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
I have no concerns and have come across 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: Dated: 01/05/2026 GMT
Signer ID: N46NJ5ONN2...
Hannah Jones FCA
Hart Shaw LLP Europa Link Sheffield Business Park Sheffield S9 1XU
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Document ID: 3e44dc1ace35d25a88d8ad1d71469b588ae86d6c734770aa7ff32f5fc9d5a84a
THE J G GRAVES CHARITABLE TRUST
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2025
| Note Income from: Investments Bank interest Total income Expenditure: Raising funds: Investment management costs Charitable activities: 3,4 Grants to institutions Support costs Total expenditure Net expenditure before net gains on investments Net gains on investments 6 Net movement in funds Reconciliation of funds: Total funds brought forward Net movement in funds Total funds carried forward |
Unrestricted funds 2025 £ 210,823 6,289 217,112 15,768 314,780 26,878 357,426 (140,314) 281,533 141,219 3,305,418 141,219 3,446,637 |
Endowment funds 2025 £ - - - 14,293 - - 14,293 (14,293) 263,682 249,389 2,917,468 249,389 3,166,857 |
Total funds 2025 £ 210,823 6,289 217,112 30,061 314,780 26,878 371,719 (154,607) 545,215 390,608 6,222,886 390,608 6,613,494 |
Total funds 2024 £ 226,037 8,957 234,994 28,624 223,644 30,980 283,248 (48,254) 247,085 198,831 6,024,055 198,831 6,222,886 |
|---|---|---|---|---|
The Statement of financial activities includes all gains and losses recognised in the year.
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Document ID: 3e44dc1ace35d25a88d8ad1d71469b588ae86d6c734770aa7ff32f5fc9d5a84a
THE J G GRAVES CHARITABLE TRUST
BALANCE SHEET
AS AT 31 DECEMBER 2025
| Note Fixed assets Investments 6 Current assets Debtors 7 Cash at bank and in hand Current liabilities Creditors: amounts falling due within one year 8 Net current assets Total assets less current liabilities Total net assets Charity funds Endowment funds 9 Unrestricted funds 9 Total funds |
23,231 55,656 78,887 (7,080) |
2025 £ 6,541,687 6,541,687 71,807 6,613,494 6,613,494 3,166,857 3,446,637 6,613,494 |
56,879 146,485 203,364 (7,011) |
2024 £ 6,026,533 |
|---|---|---|---|---|
| 6,026,533 196,353 |
||||
| 6,222,886 | ||||
| 6,222,886 | ||||
| 2,917,468 3,305,418 |
||||
| 6,222,886 |
The financial statements were approved and authorised for issue by the trustees and signed on their behalf by:
Signer ID: GJYIG5QHLC... A C Womack Chair Date: 28/04/2026 GMT
The notes on pages 10 to 20 form part of these financial statements.
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Document ID: 3e44dc1ace35d25a88d8ad1d71469b588ae86d6c734770aa7ff32f5fc9d5a84a
THE J G GRAVES CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
1. General information
The J G Graves Charitable Trust is an unincorporated charity. The address of the registered office is given in the charity reference and administrative details on page 1. The nature of the charity's operations and principal activity is grant-making activities. The J G Graves Charitable Trust meets the definition of a public benefit entity under FRS 102.
2. Accounting policies
2.1 Basis of preparation of financial statements
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - 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) issued in October 2019, the Charities Act 2011 and UK Generally Accepted Accounting Practice.
The financial statements have been prepared to give a ‘true and fair’ view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a ‘true and fair view’. This departure has involved following the 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 issued in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest £1.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
2.2 Investment income
Investment income is earned through holding assets for investment purposes. Investment income is recognised for the period in which the chairty is entitled to the receipt.
2.3 Expenditure on raising funds and charitable activities
Expenditure is included on an accruals basis. Where applicable, it includes irrecoverable VAT.
Grants payable are charged in the year when the offer is conveyed to the recipient except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year-end are noted as a commitment, but not accrued as expenditure.
All governance and secretarial costs are akin to support costs under SORP (FRS102). All costs other than investment fees are therefore shown as support costs under charitable expenditure.
Expenditure on raising funds includes all expenditure incurred by the charity to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading.
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Document ID: 3e44dc1ace35d25a88d8ad1d71469b588ae86d6c734770aa7ff32f5fc9d5a84a
THE J G GRAVES CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
2. Accounting policies (continued)
2.3 Expenditure on raising funds and charitable activities (continued)
Expenditure on charitable activities is incurred on directly undertaking the activities which further the charity's objectives, as well as any associated support costs.
2.4 Investments
Quoted investments are included at closing market value at the balance sheet date. Any gain or loss on revaluation is recognised in ‘Net gains/(losses) on investments’ in the Statement of Financial Activities.
2.5 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.
Endowment funds represent those assets which must be held permanently by the charity. Income arising on the endowment fund can be used in accordance with the objects of the charity and is included as unrestricted income.
2.6 Debtors
Prepayments are valued at the amount paid in advance.
2.7 Cash at bank and in hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
2.8 Creditors and provisions
Creditors are recognised where the trust has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are normally recognised at their settlement amount.
Liabilities are recognised at the amount that the charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of Financial Activities as a finance cost.
2.9 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.
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Document ID: 3e44dc1ace35d25a88d8ad1d71469b588ae86d6c734770aa7ff32f5fc9d5a84a
THE J G GRAVES CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
3. Grants paid
| 36th Sheffield (St John's Ranmoor) Scouts 164th Sheffield (Stannington) Scout Group Allama Iqbal Cricket Club Anomaly Arts Collective CIC Aspire (Association for Spinal Injury Research, Rehabilitation and Reintegration) Assist Sheffield Association of Wheelchair Children (Go Kids Go) Bags of Taste Ben's Centre for Vulnerable People Bloom Sheffield Bradway Action Group (BAG) Brindley & Mundella Tenants & Residents Association Cavendish Cancer Care Choir with no name Church Army City of Sanctuary Sheffield City of Sheffield Diving Club Conflict Resolution Education in Sheffield Schools Training (CRESST) Courtside Hubs CIC Cycling Without Age Sheffield CYDST Trust Dame Kelly Holmes Trust Darnall Allotments Darnall Dementia Trust (paid in 2 instalments this year) Darnall Well Being Easy Street Theatre CIO Ecclesfield Spartans JFC Emmaus Sheffield Family Voice C.I.C FareShare Yorkshire Firth Park Methodist Church Entertainment Society Food & Community Trust Forced Entertainment Frecheville Methodist Church Balance c/fwd |
2025 £ 2,000 1,500 3,000 - 2,000 - - 2,000 3,000 2,380 3,000 - 2,000 - 1,500 - 2,000 2,300 3,000 3,000 - 3,000 2,000 5,000 - - - 2,500 - - 2,000 - - - 47,180 |
2024 £ - - - 1,800 - 3,000 2,250 - 3,000 - - 3,000 2,000 3,000 - 3,000 - - - - 2,500 - - 2,500 2,444 2,000 2,000 - 2,600 3,000 - 2,000 3,000 1,500 |
|---|---|---|
| 44,594 |
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Document ID: 3e44dc1ace35d25a88d8ad1d71469b588ae86d6c734770aa7ff32f5fc9d5a84a
THE J G GRAVES CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
| Grants paid (continued) Balance bfwd Friends of Ellesmere Park Friends of Frecheville Park and Pond Friends of Graves Park Friends of Parkwood Springs Friends of Porter Valley - Bingham Park Community Group Friends of Portland Works Friends of Sheffield City Centre Friends of Whirlow Brook Park Golddigger Trust Greentop Community Circus Centre Grimethorpe Colliery Band Harmony Works Homeless and Rootless at Christmas Hope Esol CIO Horatio's Garden Hospital Broadcasting Sheffield Irise International Lick of Paint CIC Light Peer Support Link Learning Communities CIC Manor & Castle Development Trust Manor Community Transport Maya Productions Mums in Need CIC Music in the Round New Hope Community Church Nomad Opening Doors North Sheffield Federation for the Disabled Self Help Group Out of the Archive Paces Sheffield Parson Cross Community Development Trust Parson Cross Initiative (Project) Pitsmoor Adventure Playground Polly Ives t/a Concerteenies RivelinCo Roots in Bloom CIC Balance c/fwd |
47,180 - 1,500 10,000 2,000 - 3,000 - 1,500 2,000 - - 100,000 - - - - - 2,000 - 3,000 - 2,000 - 3,000 2,000 2,000 - - 2,750 3,000 - 3,000 3,000 2,500 3,000 - 198,430 |
44,594 3,000 - - - 3,000 - 4,000 - - 2,000 1,085 - 2,000 2,000 3,000 2,000 2,000 - 2,000 - 1,725 3,000 3,000 - - - 3,000 2,000 - 2,090 1,500 - 3,000 2,000 3,000 3,000 |
|---|---|---|
| 97,994 |
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THE J G GRAVES CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
| Grants paid (continued) Balance b/fwd Roshni Sheffield Asian Women's Resource Centre Roundabout Ltd S12 Community Pantry S2 Food Poverty Network Scorpion Taekwondo Sheffield Share Psychotherapy Sheffield Association for Voluntary Teaching of English Sheffield Autistic Society Sheffield CLT Sheffield Civic Trust Sheffield Community Bike Project Share Family Holiday Fund Sheffield Historic Buildings Trust Sheffield ME Group Sheffield Mencap and Gateway Sheffield Museums Trust Sheffield Philharmonic Orchestra Sheffield Sea Cadets Sheffield Sheaf District Scout Council Sheffield Theatres Trust Sheffield Vulcan Rotary Club Sheffield Wildlife Trust Sheffield Womens Counselling and Therapy Services Sheffield Working Women's Opportunities Project Sheffield Yoga for M.E. / C.F.S. Sheffield Young Carers Project Sheffield Young Explorers Site Gallery South Yorkshire Biodiversity Research Group St John's Owlerton St Paul's Church St Polycarp PCC St Vincents De Paul Society St Wildfrid's Centre Stannington Carnival Organisers & Festival Friends Sunday Centre Balance c/fwd |
198,430 - 2,000 - 3,000 - - - - - 2,500 3,000 3,000 3,000 - 3,000 2,500 - - 3,000 - 2,500 3,000 3,000 - - 4,000 3,000 5,000 10,850 - 1,500 - 5,000 3,000 3,000 2,000 269,280 |
97,994 3,000 3,000 4,000 - 2,000 2,500 3,000 3,000 1,500 - - 3,000 - 2,000 4,000 - 2,000 2,000 - 2,500 - 5,000 3,000 3,000 2,000 - - - 16,000 3,000 - 3,000 - 3,000 - 2,000 |
|---|---|---|
| 175,494 |
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THE J G GRAVES CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
| Grants paid (continued) Balance b/fwd The 393 Club The Arts Catalyst The Bare Project The Burton Street Foundation The Cathedral Archer Project The Charity of Mary Ann Rawson for Wincobank School The Ethel Trust The Green Estate CIC The Sheffield General Cemetary Trust The Snowdrop Project The Stannington Brass Band Utopia Theatre Voz Theatre Arts We are Causeway Wesley Hall Methodist Church Whirlow Hall Farm Trust Whiteley Woods Outdoor Activity Centre Woodhouse West End Bowling Club Woodthorpe Tenants & Residents Association Work Ltd 16 (2024: 19) other grants of £1,000 or less (see below) |
269,280 2,000 - 1,500 - 3,000 - 2,000 5,000 5,000 3,000 - - 3,000 - - - - 2,000 3,000 2,800 301,580 13,200 314,780 |
175,494 - 1,500 - 3,000 3,000 4,000 2,000 - - - 2,500 3,000 - 3,000 1,600 3,000 3,000 - - 3,000 |
|---|---|---|
| 208,094 15,550 |
||
| 223,644 |
Grants paid (continued)
All donations are made to organisations. None are made to or for the benefit of individuals.
The following organisations received grants of £1,000 or less:
Bowshaw Community Festival Sheffield Visual Arts Group Crookes Table Tennis Club South Yorkshire Housing Association Endcliffe Corner Community Organisation for Health The DATIC Trust (Galeed House) Friends of Abbeyfield Park The Sensoria Festival Friends of Greenhill Library The Sheffield Subud Centre Remedi Restorative Services The Steel Valley Project Scorpion Taekwondo Sheffield Wensley Tenants & Residents Association Sheffield Environmental Movement Young Enterprise
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THE J G GRAVES CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
4. Analysis of expenditure by activities
| Charitable activities Total 2024 |
Grants paid (note 3) 2025 £ 314,780 223,644 |
Support costs 2025 £ 26,878 30,980 |
Total funds 2025 £ 341,658 254,624 |
Total funds 2024 £ 254,624 |
|---|---|---|---|---|
Analysis of support costs
| Support costs for grant making Governance costs (note 5) Total 2024 |
2025 £ 16,185 10,693 26,878 30,980 |
Total funds 2025 £ 16,185 10,693 26,878 30,980 |
Total funds 2024 £ 17,414 13,566 |
|---|---|---|---|
| 30,980 | |||
5. Governance costs
| Independent examiner's remuneration Secretarial fees Professional fees Trustees' meeting refreshments |
2025 £ 1,508 8,715 360 110 10,693 |
2024 £ 1,446 9,376 2,550 194 |
|---|---|---|
| 13,566 |
Independent examiner's remuneration net of VAT totalled £1,213 (2024: £1,155).
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Document ID: 3e44dc1ace35d25a88d8ad1d71469b588ae86d6c734770aa7ff32f5fc9d5a84a
THE J G GRAVES CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
6. Investments
| Market value at 1 January Additions Net disposal proceeds Revaluation Investment cash |
2025 £ 6,019,311 364,993 (412,736) 545,215 6,516,783 24,904 6,541,687 |
2024 £ 5,660,866 1,896,400 (1,785,040) 247,085 |
|---|---|---|
| 6,019,311 7,222 |
||
| 6,026,533 |
The total investment portfolio held with Rathbones totals £6,561,540 (2024: £6,026,533) which includes £19,853 (2024: £nil) of earned income on liquidity funds which has not yet been drawn down and is instead held within accrued income in note 7.
The historical cost of the fixed asset investments is £5,491,404 (2024: £5,464,139) including cash of £24,904 (2024: £7,222) and liquidity funds of £511,563. The historical cost is split £2,817,615 (2024: £2,787,659) of unrestricted funds and £2,673,789 (2024: £2,676,480) of endowment funds.
7. Debtors
| Prepayments and accrued income Creditors: Amounts falling due within one year Accruals |
2025 £ 23,231 23,231 2025 £ 7,080 |
2024 £ 56,879 |
|---|---|---|
| 56,879 | ||
| 2024 £ 7,011 |
8. Creditors: Amounts falling due within one year
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Document ID: 3e44dc1ace35d25a88d8ad1d71469b588ae86d6c734770aa7ff32f5fc9d5a84a
THE J G GRAVES CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
9. Statement of funds
Statement of funds - current year
| Unrestricted funds General Funds Endowment funds Endowment Fund Total of funds Statement of funds - prior year Unrestricted funds General Funds Endowment funds Endowment Fund Total of funds |
Balance at 1 January 2025 £ 3,305,418 2,917,468 6,222,886 Balance at 1 January 2024 £ 3,230,404 2,793,651 6,024,055 |
Income £ 217,112 - 217,112 Income £ 234,994 - 234,994 |
Expenditure £ (357,426) (14,293) (371,719) Expenditure £ (269,638) (13,610) (283,248) |
Gains/ (Losses) £ 281,533 263,682 545,215 Gains/ (Losses) £ 109,658 137,427 247,085 |
Balance at 31 December 2025 £ 3,446,637 |
|---|---|---|---|---|---|
| 3,166,857 | |||||
| 6,613,494 | |||||
| Balance at 31 December 2024 £ 3,305,418 |
|||||
| 2,917,468 | |||||
| 6,222,886 |
Page 18
Document ID: 3e44dc1ace35d25a88d8ad1d71469b588ae86d6c734770aa7ff32f5fc9d5a84a
THE J G GRAVES CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
10. Analysis of net assets between funds
Analysis of net assets between funds - current year
| Fixed asset investments Current assets Creditors due within one year Total Analysis of net assets between funds - prior year Fixed asset investments Current assets Creditors due within one year Total |
Unrestricted funds 2025 £ 3,374,830 78,887 (7,080) 3,446,637 Unrestricted funds 2024 £ 3,109,065 203,364 (7,011) 3,305,418 |
Endowment funds 2025 £ 3,166,857 - - 3,166,857 Endowment funds 2024 £ 2,917,468 - - 2,917,468 |
Total funds 2025 £ 6,541,687 78,887 (7,080) |
|---|---|---|---|
| 6,613,494 | |||
| Total funds 2024 £ 6,026,533 203,364 (7,011) |
|||
| 6,222,886 |
11. Commitments
At 31 December 2025 the charity had commitments to make future payments of:
| Not later than 1 year Later than 1 year and not later than 5 years |
2025 £ 145,000 130,000 275,000 |
2024 £ 43,850 5,000 |
|---|---|---|
| 48,850 |
Page 19
Document ID: 3e44dc1ace35d25a88d8ad1d71469b588ae86d6c734770aa7ff32f5fc9d5a84a
THE J G GRAVES CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
12. Taxation
The charity is considered to pass the tests set out in Sch. 6, para. 1 of the Finance Act 2010 and therefore it meets the definition of a charity for UK income tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Income Tax Act 2007, Part 10 s521 – s537 or s. 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
13. Trustees' remuneration and expenses
During the year, no trustees received any remuneration or other benefits (2024: £nil).
During the year ended 31 December 2025, no trustee expenses have been incurred (2024: £nil).
14. Related party transactions
Ms K Streets, a Trustee, has a mutual interest in St Wilfrid's Centre, Pitsmoor Adventure Playground, Friends of Porter Valley - Bingham Park Community Group, Sheffield Autistic Society and is the CEO of Sheffield Museums Trust. During the year St Wilfrid's Centre received a grant of £3,000 (2024: £3,000). There were grants of £3,000 awarded to Pitsmoor Adventure Playground (2024: £3,000) and £2,500 awarded to Sheffield Museums Trust (2024: £nil). No grants were awarded in the current year to Friends of Porter Valley - Bingham Park Community Group (2024: £3,000) and Sheffield Autistic Society (2024: £3,000).
Mrs A Womack, a Trustee, has an interest in Friends of Porter Valley - Bingham Park Community Group and a sister who is a trustee of Sheffield Family Holiday Fund. During the year Friends of Porter Valley - Bingham Park Community Group received a grant of £nil (2024: £3,000) and Sheffield Family Holiday Fund received a grant of £3,000 (2024: £3,000)
Mrs J Drayton, a Trustee, has an interest in The Friends of Parkwood Springs, The Green CIC and Friends of Portland Works. During the year Friends of Parkwood Springs received a grant of £2,000 (2024: £nil), The Green CIC received a grant of £5,000 (2024: £nil) and The Friends of Portland Works received a grant of £3,000 (2024: £nil).
Mr G Richards, a Trustee, is a Trustee of Sheffield Historic Buildings Trust. During the year Sheffield Historic Buildings Trust received a grant of £3,000 (2024: £nil).
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Document ID: 3e44dc1ace35d25a88d8ad1d71469b588ae86d6c734770aa7ff32f5fc9d5a84a