2024-12-31-accounts

Reg5stered Charlty No. 221284 SHEFAELD CHURCH BURGESSES TRUST ANNUAL REPORT AND HNANCIAL STATEMEpirs FOR THE YEAR ENDED 31 DECEMBER 2024

SHEFFIELD CHURCH BURGESSES TRusr CONTEKrs Contents Burgesses, report 1-17 Independent auditorfs report 18-21 Statement of financial activtties 22 Balance sheet 23 Cash flow statemerTt 24 Notes to the accounts 25-45

SHEFFIELD CHURCH BURGESSES TRUST BURGESSES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 REFERENCE AND ADMINISTRATrVE INFORMATrON THE CHURCH BURGESSES A5 AT 31 DECEMBER 2024 Date elected D F Booker, the Capital Bur8ess 1998 N J A Hutton MBE 1988 The Rev S A P Hunter JP 1993 l G Walker 2Q12 Dr J P Banham 2006 D Stanley 2W7 D H Quinnev 2016 (retired October 20241 S G Eccleston 2018 E A Brownhill 2018 Dr S M Gentle 2020 Prof R E Coleman 2023 A W Little 2024 lappointed May 20241 OFFICERS OF THE TRUST The Law Clerk= l T Poiter BA (Honsl J A Swann Bsc (Hon51 MRICS The Surveyor". The Auditor.. BHP LLP. Chartered Accountants Assistants to the Law Clerk Icharity Administrators).. P G Stevenson G Mills D Andrews Z Keni-caderousse J De-Haye5 TRUST OFFICE Derwenl House 150 Arundel Gate Sheffield 51 2FN Website.. WV￿.5heff1eldChurchbvrge5Ses.or8.Yk CHARrrY NUMBER 221284 8HPILP Page I

SHEFFIELD CHURCH BURGESSES TRUST BURGESSES, REPORT- tontinued FOR THE YEAR EJVDED 31 DECEMBER 2024 ADWSORS TO THE TRusr Investment managefS= Sarasin and Partners LLP Juxon House ILK) St Paul's Churchyard London EC4M 88U Investment CU5todianlnominee= The Bank of New York Mellon (London Branch) The Northern Trust Company Property fund mana8ers'. Savills Investment Management IUKI Limited 33 Margaret street London WIG OJD Property advisors= Fowler 5andford Chartered Surveyors 4 Floor Abbey House 11 Leopold Street Sheffield SI 2GY Accountants and audttors= BHP LLP, CharterÈd Accovntants Albert WrAs 71 Sidney Street Sheffield SI 4RG Solicitors= Wrr8leys Solicitors LLP Derwent House 150 Arundel Gate 5hefField SI 2FN Bankers= Handelsbanken 7th Flo 3 St Paul's Parade 129 Norfolk Street Sheffield 512JE AEPORT OF THE BURGESSES FOR THE YEAR ENDED 310ECEMBER 2024 The Burgesses are pleased to present their report tOEÈther with the financial statements of the charity for the year ended 31 Decernber 2024. The financial statements have been prepared in accordance with the accounting policies set out on pages 25 to 27 and comply with current Statutory requirements, the governing documents of the Trust and the Statement of Recommended Practice- Accounting and Reporting by Charities 2015 IFRS 1021. 8KP LLP Page 2

SHEFFIELD CHURCH BURGESSES TRusr BURGES5ES' REPORT- continued FOR THE YEAR ENDED 31 DECEM8ER2L724 UCTURE GOVERNANCE AND MANAGEMEI C014sfiTUTION The Twelve Capital Burgesses and Q)mmonafty of the Town and Parish of Sheffield in the County of York. commonly known as the Sheffield Church Burgesses Trust. is governed by the Royal Charter of Queen Mary of 8June 1554. as varied by a Scheme ofthe Charrty Commission sealed on 23 August 1999 and a supplemental Royal Charter granted on 8 May 2CQ3.The Corporaticm isthetrustee of the charitvs endowment. The charity is a Ray31 Charter body and is registered with the Chartty Commi55Tr0n number 221284. Under the Charter B Burgess may serve for life. Upon the resignation or death of a 8urgess, the remaining Burge55es are obliged to appoint a replacement. keepinE the total number at 12. Technically each Burgess is a corporator. but they are cc¥nmonly referred to either as Burgesses or as trLJStees. The Scheme governs the corporate trustee's administration of the endowment. The Charter las amended by the 2003 Charter) regulates the corporat¢XS. The Trust does not actively fijndraise. It seeks to continue Tts work through the careful stewardship of its existing endowment resources. The Trust meets as a body qu3rterly and in addition works through a committee structure. detai15 of which are set out below. COMMITfEES OFTHETRUST Stsndlng Commtttee Ecclesiastical Grants Commlttee General Charftsble Purposes Commlttee D F Booker (Chalr) Dr J P Banham D Stanley (Chairl Dr J P Banham Ilnterim Chairl NJ A Hutton MBE N J A Hutton MBE Prof R E Ccdeman Revd S A P Hunter JP Revd S A P Hunter JP Dr J P Banham E A Brownhill Dr S M Gentle Prof R E Coleman Property Committee Financé Committee Cathedral Commlttee S G Eccleston (Chairl N J A Hutton MBE l G Walker (Chairl NJ A Hutton MBE D F Booker (Chairl Revd S A P Hunter JP Revd S A P Hunter JP D F Booker l G Walker Aw￿ttle D Stanley Dr J P Banham E A Brownhill Dr S M Gentle The Trust meets at leatt four times each year and many more times through the committees referred to 3bove. at all of which gatheringsldetisions are made about the life and work of the Trust, which are then implemented through its officers and a(fvisors. BHP LLP Page 3

SHEFFIELD CHURCH BURGESSES TRusr BURGESSES, REPORT- corrtinued FOR THE YEAR ENDED31 DECEMBER 2024 COmmI￿EE5 OF THE Tftu￿ (continuedl Each committee has its own terms of referen￿. by which it consider5 matters in relation to the Tiust'5 3S5ets (Property Committee and Finance Committee) and grant making IEcclesiastical Grants Committee. Cathedral Committee and General Charitable Purposes Committee). The Standing Committee meets in advance of the Trust's Annual General Meetin& and more often rf required, in order to facilitate the smooth running of the Trust. Each committee's term5 of reference are subject to review every three years. The day to day adminittratiiM of the Trust, work in connection with its assets. liai50n with other grant makers and OLrtside bodies such a5 the Diocese of Sheffield, the administration of its grant programmes and the processing and handling of applications prior to their consideration by relevant committees is delegatèd to the Law Clerk. Commtttees report back oralty tothe quartedyfull meeting of theTrLL5t and also through the circulatlon of minutes of their meetings. The committees also consider monitoring information concerning the performance of grants and make recommendations to the Trust body as a whole in the light of that infonnation. Skllls. experlence and dl¥ersity The Burgesses keep the skill requirementsforthe trustee body as a whole under review and in the event that a trustee retires or dies. the Standing Committee reviews the process for the ￿truitMent of a new Burgess and proposes the formation of a Search Committee. subject to the agreement of all Buigesses. The identity of potential new Burgesses 15 considered through dialogue with persons and bodies with whom the Trust h35 3 dose worting ￿latIonshIp. The needs of the Tryst are considered, along with the relevant skills and experience that an individual might be able to bring tg complement and add to those of the existing Burgesses. Once candidates are identified a shortjist is prepared and exploratory discussions take place wtth the Search Commtttee. A proposal is eventually put before the Burgesse5 who together make the final choice. The induction process for any neww appointed Burgess begin5 with meetings wtth the Capital Burgess Iwho is the Chair of the trustee body) and the Law Clerk. Following appointment. introductory discvssion5 Wlth the Law Clerk help a new Burgess to begin to become acquainted with the work of the Trust. A thorouEh induttion pack ￿ provided. which includes a brief history of the Trust, details about how the Trust operate5, copies of annual reports and accounts, copies of policies and governing documents and Charity Commission publicati(￿S which assist new trLtstees. Through its Law Clerk, the Trust has access to a number of organisations both local and national that have an interest in best prartite and the development of the charitsble grant making sector. The Law Clerk is himself a lawyer 5peoalising in charrtywork with a leading niche fimi of soltcitor5 Wlth a national reputation in the field of trusts. particularly relating to charities. He is a member both of the Ecclesiastical Law Society and the Charity LawAssrtiation. Burgesses are encouraged to take up opp￿t￿nitieS for relevanttrustee trdining. New Burgesses, where appropriate, are particulady encouraged to attend relevant trustee training events. The Law Clerk supplie5 all Burgesses with regular Written and oral briefings on developments in charity law and practice, especially on matters relevant to grant making charitie5. BHP LLP Page4

SHEFFIELD CHURCH BURGESSES TRUST BURGE55ES' REPORT- continued FOR THE YEAR ENDED 31 DECEMBER2024 COMMtTTEES OF THETRUST {continuedl Charity Governance Code A copy of the Charity Govemance Code is grven to new Burgesses and the Burgesses seek to apply it5 guidance to the work of the Trust. so far as the key prinoples apply and are relevant to Its work as grant makef. The Burgesses are consciou5 of the need to Use and review good practice in govemance and that adopting good practice is an essential part of being a m(NJern grant making charity. This Annual Report Shows thatthe seven Code principles of Good Governan￿ are evidenced in thework of the Sheffield Churth Burgesses Trust.. Delivery of organlsational purpose- the Burgesse5 are conscious of the need to havefunctions clearly expre55ed. both as individuals and as a team. and to be organised 50 as to operate the Trust effectivety,. thi5 happens through o￿n dialoEve and debate in its regular meetings and committee structvre, and through the close working relationship between the Law Clerk and his staff and specific Burge55es who, from time to time. have special responsibilities either as Capital Burgess or as chairs of committees- this work includes review and delivery of strategy and operational plans and budgets on a year by year basis, results are regularly evaluated and assessed usin8the committee 5trutture which also makes it possibleforthe Burgesses to deliver change and a continuing review of the relevance and importance of all aspects of the work of the charrty.. Le4dershlp- the Burgessès exercise collectrve responsibility for the runnin8 and performan of the Trust and a5 part of that. are aware of their legal dutses both generically as charity trustees and by reference to the governing documents of the chaiity. They are very conscious of their obligations as steward5 of the assets and of the need to be responsive to the external enwronment both in which the charity's endowment operates and from which beneficiaries are drawn. The strurture OF the operatiorb of the charity enables the Burge55es to safeguard and deliver the visions, values and objerts of the charity with appropriate oversight of its work and of its athisors and supporters- liiil Integiity - all committees. officers and Servi￿ providers have clear terms of reference or delegated authorities as the Case may be. to ensure delivery of the organisational purpose and the prwsion of good governance and leadership. This is one of the ways in which Bur8es5es safeguard and promote the organisation's ￿putatiOn, applying high ethit31 standards induding the management of conflicts of interest and loyalty, and more generally the maintenance of independence in decision making. This enablestheTrustto deliver more effertively the benefits from its WO￿ tothe beneficiaries of its grant making.. livl De¢lsiorHnakin& rlsks and control - the Burgesses as a body are the effective controllers of the charity and are all conscious of their obli8ation5 to comply with legal and regulat(Kv sponsibiltties and obligations. Internal financial controls are reviewed annually by the Finanee Committee and wnanagement contro15 are transparent for 311 Burgesses to 3S5ess. This aspect of the work indudes regular review of risks and the Risk Policy. The use of delegated authority is an essential part of the WL*k of the Trust, which all Burge55es understand and with which they cTroper3te fully- BHP LLP Page 5

SHEFFIELD CHURCH BURGESSES TRUST BURGESSES, REPORT- continued FOR THE YEAR EAIDED 31 DECEMBER2924 COMMITTEES OFTHE TRUST Icont5nuedl Board effecbveness-the Trust has a range of appropriate policies and procedure5. The length of service of Trustees contributes srgnificantly to the building of 3 culture which helps to deliver the charity's objective5 effertively from a sound knowledge base. The recruitment of Trustees is a significant task from time to time and tt5 importance is highty regarded by all Burgesses. Training and development for exirting Burgesses and induction for new Burge55es are all part of the work of the Trust. as is the conscious review from time to time of performance of 8urgesses in their respective r￿es- Ivil Diversity - The Burgesses are aware of the need to blend an approach to diversity into their Èffectiveness. their leadership of the work of the Trust and in their decision-making. They seek to recruit Burgesses wtth a variety of perspectives. experien￿5 and skills that will supplement those of the existing Trustees and enhance the work of the Trust. They are conscious of the need to consider how the body of Trustees can ￿$t reflect the diversity of the Anglican Church and, more generalty. the inhabitsnts of the ctty of Sheffield. Ivlil Operatlng In an open and a¢countable way- the Burgesses recognise the need for openness. responsiveness and accountability in a rnodern world and seektoreflect this throughout the work of the Trust. The Trust engages with sertor developments through the Law Clerk and Burgesses being involved in training and events designed to inform and develop the thinking In the charitable sertor. Burgesses regularly engage with grant recipients and third parties with whom the Trust works. The Burgesses are consaous of the need to assess environmental impact and this is particularty so in relation to the management of the Pro￿Tty Portfolio. There 15 in place a complaints procedure in the event of the need to respond to such and to 5howthat the Trust can do so impartially and effertively. The Trusvs prtvacy notices clarify how the Trust holds personal data in relation to churthes, thurch organisations, Burgesses and office holders. RISK ￿NAGEMENT The Burgesses have identified and rewewed the major risks to which the chartty is exposed. Systems are already established to mitigate those risks. example, the Trust make5 use of professional athisors (who tarry liability insurance) includinE Imie5tment managers to whom delegated authority is given forthe investment of partof the endowment-the Trust insLtres tts property holding5 land regularlv review5 valuesl- the TrLtst takes specific advice each year in relation to the placing of the insurance of the risks associated wtth Sheffield Cathedral's plant and buildings. The Trusvs risk policy is reviewed at least once each year at 3 full meeting of all Burgesses. The Trust operates tight contro15 onthe management of expenditure of cash funds, particularly en5urinE detailed monitoring of the allocation of capital cash against specific building projects. Internal record keeping monitors expenditure (using SAGE 50ftwarel. allowing matters to be reported to the quarterly meetings of the Finance Committee and Property Committee. The Trust applies effertive and c105e management of its rental income. mindfvl of the poterrtial risk from any build up of rent arrears. The position with regard to each tenant is reviewed bythe Law Clerk'5 office on an ongoing basis. reviÈwed mcrf)thty and reported to the Property Committee on a quarterly basis. The Law Clerk and his staff work closely with the Surveyor to address any difficultie5 and enter into a dialogue wtth tenants where necessary. BHP LLP Pa8È 6

SHEFFIELD CHURCH BURGESSES TRUST BURGESSES, REPORT- continued FOR THE YEAR ENDED 31 DECEMBER2024 RISK MANAGEMEI continued A classic risk for an endowed grant maker is the risk that endowment valve will alter negatwely and produce a drop in income. The Trust has been experiencing this as a Steady change Since 2008. In 2014 it implernented fully a plan to rebuild property based income through redevelopment of some of its property portfolio. Since 2018 renovated and re-let properties have prodU￿d income frDm residential tenants at a significant and increasing level. Analysi5 of the income yields generated from these properties has shown increased returns. The Trust has clearly recognised the risk to its 8rant making potential.. from the difficulty in letting Some of the property that used to be attractive for business Lbse but is no longer and the fall in rents from property that can still be let for commercial and business use_ The Property Committee and the Trust as 3 whole are continuing to address thi5 by a strategy of changing use of buildings and re-letting for resldential occupation. The Trust recognise5 the need to consider reputstional risk in its grant makin8 and other actNlties. OBJECTIVES ANO AcnvrnES io. The Trust's 1999 Charity Commi5sian Scheme provides for the division of the Trust's income as follows:. 10.1 71.5% for ecclesiastical purposes, which include the work and maintenance of Sheffield Cathedral. the maintenance and adaptation of church buildings and the furthering of ministry in the four Sheffield Angltcan deaneries,. 10.2 10.7% for general tharitable purposes in the cty. and 10.3 the remaining 17.8% for educational purposes administered by the Burge55es of the Church Burgesses Educational Foundation Iconstttuted by an Order of the Charity Commission sealed 16 February Ltnder Sertion 2121 of the Board of Education Art 18991. The Tnjst hdd5 the right of appointment for the presentation of the Dean to the ShefField Cathedral living lalternatel and of clergy to various crty parishes. The fulfilment of the Trust's objectives to make effertrve and creative use of all opportunitie5 for grant making is evidenced by the commentary on its grant makinB activities below. ii. GRATr￿ MAiaNG POLICY It is the policy of the Tnjst in its grant making to support charitable cavses in Sheffield, Sheffield Cathedral and the Sheffield Ctty Anglican Parishes to the maximum possible extent that its income allows. The Trust considers applic*iorLS from Anglican parishes and thurch arganisations, from indNiduals involved in Christian work of a wide variety of type5 and from charities (both national and locall who are involved in charitable work within the Crty of Sheffield lthe 2￿ent of the Trust's geographical remitl. BYP LLP Page 7

SHEFFIELD CHURCH BURGESSES TRUST 8URGESSES' REPORT- continued FOR THE YEAR ENDED31 DECEMBER 2024 GRANT MAKING POLICY Icontlnuedl Applications submitted to the Trust are rewewed by committees. as detailed above. Grant making decision5 rest with the committee or with the full meeting of the Trust, depending upon the extent of delegation given to committees by theirterms of reference. Details of how to apply forgrants are available from the Law aerk's office and ￿a the Trust's webslte. ACHIEVEMENTS AND PERFORMANCE 12. The Trust makes rt a condition of most grants that follow up ￿pOrts are made to the Trust, so that the impact of its grant making can be assessed. By the nature of the work which the Trust supports, mathematical or actuarial calculation will not produce an accurate picture of the effectiveness of the grant making. Much of the appropriate assessment is subjertwe and the timescales involved are often lengthy (measured in years rather than months). its ¢lose involvement in the Erant making process gives the Trust an effectNe understanding of the proEress or otherwise of its various Brant-making proÈrammes. ECCLESIA5ficAL GRATrif5 COMMITfEE Church buildlngs A total of £68.93712023'. £154.2591 was released as grant funding to assist with the costs of works on church buildings. Grants were made (though not all paid overl to a range of churches. includinE Christ Church Dore, Christ Church Pitsmoor, St Marys Beight￿ and St John's Park. Other grants to Sheffleld thurthes A total of £149,27212023.' £166.3661 was released as grant fijnding to aS51St with the costs of parish work within the four Sheffield deaneries. Funding included support for parish administration and ministry with m3rginali5ed groups. Assistance was also prowded to individual clergy as a contribution towards the costs of trainin& courses and sabbaticals. Further help to cler8y by way of working expenses grants and grants to help relieve the pressures of Christian ministry totalled £1.97912023_' £8.9441 and were much appreciated. During the year Burgesses met with the Bishop of Sheffield and hi5 senior staff. providing useful information and insight to 35SiSt in its decision making. The Committee meets with the Archdeacon of Sheffield and Rotherham on an annual basis. which provides an opportuntty to disctsss a range of matter5 relevant to the Trust's grant making and patronage acr0$5 the four Sheffield deaneries. BHP LLP Page 8

SHEFFIELD CHURCH BURGESSES TRUST BURGESSES, REPORT- contlnued FOR THE YE4R ENDED 31 DECEMBER2024 CATHEDRAL COMMtfTEE Throughout the year the CommtttÈe continued its role of monitoring developments at Sheffield Cathedral as they related to the work of the Trust. This included. as usual, work on the renewal of the insurance for Sheffield Cathedral as well as negotiation of the support grant from the Trust for the Cathedral's annual bud8et. 14.1 The Trust offered the following grants to the Cathedral= 14.1.1 a support grant for the core work of the Cathedral of £416.(MXI- 14.1.2 a restricted fund of £16.(￿ to be used for planned maintenance; 14.1.3 3 restrirted fund of £16.(￿ to be used for mission development work: 14.1.4 additional special grants totsllin8 £2.S(XJ during the year 14.2 DLtrlng the course of the year the Committee considered and then reported to the Trust on number of major andlor strategic item5 intluding: 14.2.1 On different ￿C3s1on5 meeting with the Dean, the Cathedral Treasurer, Finance Manager. Chief Operations OFfi￿r and Director of Music and Schools Singing Programme. 14.2.2 Regular reports Con￿mIng fabric matters in consultstion with the Cathedral Surveyor. 14.2.3 The arrangements for the Cathedral's insuran￿. 14.2.4 Consideration of a new cathedral constitution and statutes that came into force on 12 April 2024. GENERAL CHARITABLE PURPOSES COMMtrtEE The Committee continued with the triennial grants scheme for 2023-2025. providin8 grant funding for core costs to 14 Sheffield charities providing support and services across the city- The total value of grants under this scheme was £55,CKMJ. The Committee made grants in the year to a further 30 causes acro&s the usual range of diverse needs Iheatth and well-bein& recreational, deprr¥ation, etcl. Duringtheyear, thet(rtalvalueof grants awarded pursuant to new applications was £55,250. The total value of grants made, auoss both the triennial grants scheme and additional grants, less adjustments for prevhous years. was £106.75012023: £114,684). BHP LLP Pa8e 9

SHEFFIELD CHURCH BURGESSES TRUST BURGESSES, REPORT- continued FOR THE V&4R EPIDED 31 DECEMBER2024 16. CHURCH 8URGESSES EDUCATIONAL FOUNOATION The amount of income allcoted to the Foundation was £160,74512023.. £180.5811. Educational grants to rndividuals and organisations for the benefit of those under the age of 25 years are dealt with by the trustees of the Foundation. The Burgesses receive an annual report on the work of the Foundation. During the year Prof Coleman was appointed to be a trurtee of the Educational Foundation to fill the vacancy arising following Mr Quinnerfs retirement. FINANCIAL REVIEW 17. PROPERTY COMMITfEE Thts Committee's work help5 to sustain the Trust's income from its property portfolio, thereby facilitating theTrust's grant-making programme5. The performance of the portfolio since 2020 has been significantly affetted by the coronaviru5 pandemic. when government lockdown restrictions fOr￿d many of the Trust's tenants to close their businesses for peri¢x15 of time. sin￿ then there has been noticeable and prolonged suppression of economicactivity. particularly affecting businesses in the retail and leisure industries. Amongst the other Maj￿ issues deatt with by the Committee during the year were- 17.1 Sale of 214 Darnall Road. 17.2 New leasesof 277 Glossop Road. 418 Eatt Parade (ground floofl and 1091111 Devonshire Street (upper floorsl. 17.3 The letting of the recently refurbished properties at 273 and 279 Glossop Road, which have been converted to residential apartments. 17.4 Taking back in hand IC81Iii Devonshire Street (lower floor) which is to ￿ refurbished to be suitable to relet. 17.5 Undertaking works to rèfvrbish 25112S3 G10$50p Road to and replacing parts of the roof of the industrial property at Tinsley Park Road. 17.6 The commencement of wrxks to refurbish the Trust's properties Chapel Walk, with the assistance of £250,C(JO plusVAT from the Future High Streèts Fund. £222.808 wa5 drawn down in 2024 with the balance to fall in 2025. 17.7 The CDn5ideration of future property refurbishment projects and the passing of a resolution to expend further permanent endowment capital on possible property projects. Gross rentals for the year decreased to £1.269,164 from £1.389.817, a deuease of 8.7%12023- decrease of 0.9%). BHP LLP Pa8e ID

SHEFFIELD CHURCH BURGESSES TRUST BURGESSES. REPORT- continued FOR THE YEAR EhfDEO 31 DECEMBER 2024 18. FINANCE COMMITfEE The Committee received aThJ considered regular report5 from Sarasin & Partners LLP I"Sarasin"l and met wtth them twice during the year, to review and consider performance of the portfolio, policy and tactics with regard to the Trust's market investments. The performance of the Trust's investment in the Charities Prope￿ Fund was also monitored carefully throughout the year. Repre5entati¥es of the Fund met the Finance Committee during the year. Amongst the maj(x issues dealt with by the Committee during the year were.. 18.1 Review of theTrL￿'5 annual budget and the settin8 of grant making budBets for the year. 18.2 Annual review of the Trust's financial controls. 18.3 considerati￿ of whetherthe Trust maytake a total retum approach to its investment portfolio (where the matter remain5 under review). 18.4 Consideration of potential property refurbishment projects available to the Trust. reviewing where there may be opportunities to improve rental returns for the Trust in the longei term. 18.5 Consideration of the Trusvs target income reserve levels Iwhich are reviewed on an annual basis), set as follows:_ 18.5.1 an ecclesiasts.cal 8rant reseNe of £6￿),(￿. 18.5.2 a general charitable purposes grant reserve of £86,250,. 18.5.3 an operational reserve of £320.1))): 18.5.4 therefore a total reserve of £l.Ckn5,250. The valLtre of the Stock exchange and similar investments at the yearend amounted to £14.472,809 12023.. £14.381.5501. Income from these investments increased slightly to £578,49412023.' £526,149). Cash balan￿S were carefulW monitC￿ed and interest earned totalled £81,38912023: £47,585). Gross incomlng resourcesfor the year of £2,151.85512023= £1.963.5511 are 9.5% higher than last year. Net income available for charitable purpose5 ha5 INC￿aSed from £1.290,985 in 2023 to £1,385,556 in 2024. Charitable activity expendi￿re amounted to £1.308.36712023.. £1.433,0661. Total unrestricted income fvnds atthe yearend were £1,044.67712023= £1.124,4851. tsf which £947,587 12023: £1,016.5331 is ecclesiastical income and £97.09012023- £107,9521 is general tharitable purposes income. Grants provided from ecclesiastical and general charitable Income but rèmaining unpaid at the end of the year amounted to £129.65612023: £184.3161. The balance sheet at 31 De￿rnber 2024 showed total net assets of £38.005.27112023.. £37.206,6831. In accordance with the SORP. all investments are carried atthe year end at market value. The level of cash held at the last day of the accounting period to 31 December 2024 w35 £1.759,607 12023.. £1,353,102). Part of this is held in the endowment fund. BHP LLP Page 11

SHEFFIELD CHURCH BURGESSES TRUST BURGESSES. REPORT- continued FOR THE YEAR EhlDED 31 DECEMBER2024 19. INVEsTmEP￿ POUCY The Trust's powers of investment were found in the 23 August 1999 Scheme but th¢s was superseded by the Trustee Att 2CMX). It isthe objective of the T￿￿tt0 maximisethe retumfrom its propertyh(Adings asto caprtal and income, commensurate with good management of the property estate as part of the Trnst's permanent endowment and in accordance with its charitable objective So far as the portfolio of market investments and the Charities Property Fund ICPFI are concerned, the objective of the Trust 15 to achieve as high an income a5 P055ible whilst at the same time at least maintaining the real value of the portfolio overall. Measurement is made annually against appropriate benchmarks. The TrLtsVs investment policy and strategy is reviewed v4ery three years as a matter of course and was last considered in 2023. Wrthin the investhient pdiry the stated approach to ethical investment Is a5 follow5.- 19.1 That it is approwiate f￿ the Trusts investment portfolio to be managed in a way that incorporates:_ 19.1.1 ethical Screens to exclude investment in companies which are Material￿ involved in either of the following'.- 19.1.l.Ithe production and dsstribubon of ethically unacceptable products, including but not limited to il gambling ill adult entertainment iiil alcohor iv) tobacco vl armaments vll predatory lending 19.1.1.2 ethically unacceptable practice5, induding but not limf£ed to il corruption ill environmentsl degradatic iii} poor labour prartices iv) breaches of human rights vl companies which persistently, knowingly and materially breach intemational legal standard5 BHP LLP Page 12

SHEFFIELD CHURCH BURGESSES TRUST BURGESSES. REPORT- tontlnued FOR ThE Y&4R ENDED 31 DECEMBER 2024 INVESTMENT POUCY Icontlnuedl 19.1.2 the appointed investment manager exerusing voting fights and active board engagement in relation to ethical matters. 19.2 That the Trust ensures that when lea5in8 its property it=_ 19.2.1 includes a standard dause in its leases prohibiting immoral activity by B tenant. 19.2.2 rewews new tenants and their pvrpose5 txior to entering into any new lease arrangement. 20. RELATED PARTIES A statement ￿E3rdIng related parties issues appears later in the financial statements. 21. PU8UC 8ENEFIT The Burgesses are aware of the Charity Commission's guidance on the public benefit for charities. The Bur8esses are very conscious of their legal duty to give regard to the public benefit guidance and the obligation to report upon how the Trust delivers public benefit. This chariV5 aims fall into three distinct areas which can be summarised as follows: The application of its income for ecclesiastical purposes in furthering thE religii)vs and other charitable work of the ChuFth of England in thefour Sheffield Deaneries of the Anglican Diocese of Sheffield. The application of its Eeneral charitable purposes income for charttable purpose5 for the general benefft of the inhabitants of Sheffield- and Through the payment of income to the trustees of the Church Bur8es5es Educational Foundation the trustees of that thartty are able to provide suppcrt for the education of Sheffield inhabitants under the age of 25. The objertives set by the Bvr8e55es to deliverthose aims are represented bythe grant programmes run by the Trust. In relation to ecclesiastical purpose5 incorne. the Trust supports the work of Sheffield Cathedral and the religious and other charitable wcKk of the Church of England in the four Sheffield Deaneries. In relation to general charttable purposes income, a range of charities operating within the clty of Sheffield are sUPPOrted. The Trust measure5 its achievements by assessment of the deltvery of its grant programmes and the developrnent of the effertiveness of its grant making year by year. A summary of the grant making attivity appears earlier in this Report. The Burgesses look to deliver public benefft through both their grant making activities and through the exercise of their ecclesiasti￿1 patronage role in relation to a number of churches across the cfty of Sheffield. BHP LLP Pège 13

SHEFFIELD CHURCH BURGESSES TRUST BURGESSES. REPORT- continued FOR THE YEAR ENDED31 DECEMBER 2024 PUBUC BENEFfT {contiruedl Examples of the Trust's delNery of public benefit include- 21.1 Thè wovi5ion of grant funding from the Trust's ecclesiastical purposes Incl￿ne and its ecclesiastical patronage trust supports the wot of the Church of England in tts promotion of religion. religious artrvities. moral and ethical teaching and other charitable purpose5 Wlth and for the people of the crty of Sheffield. The Trust's grant making for ecdesiastical purpose5 SUPPOrts a range of works. activities and projects, such as.. 21.1.1 The employment by church organisations of lay people w0￿1ng in various roles. including youth and families workers. administrative support and ministry to group5 of the city's populatiffi who might not ordinarrly engage with the work of the Church. 21.1.2 Supporting the maintenan￿. restorètion and building of church buildings, the provision of sacred spaces. churche5 and worship servFces. 21.1.3 By svpporting clergy stipends supporting the staffing ne￿$sary for the performan "rites of passage". religious ceremonies such as bless1r￿ or baptisms lof Christians of any age). weddings and fijnerals. 21.1.4 Support for clergy stipends and other lay workers contributes to the sustaining of a structure which give5 local Anglican churches the opportunity to o)ffer help with the spiritual and moral education of children, young people and students who attend various chLFrth actT¥ities. 21.1.5 Clergy and lay workers supported by Trust's hjnding are also part of the Christian network of those who oFtef comfort to the bereaved from all section5 of society acros5 the city. 21.2 The varied grant makrng from general charitable PUTP05es income offers direct support to charities whose own work benefits the inhabitants of Sheffield. A full list of grants made during the year is set out on pages 43 to 44. The Trust's 1999 Charity c￿￿MiSsion scheme allow5 for8rant making underthe following headinES.' al the relief of those who are aged, ailin& disabled, poor or otherwise disadvantsged. Example5 during the year included support for foodbanks, a photography workshop for deaf people, an outreach project to help socially and economically isolated older adults. day trips for adults and children with learning difficulties. and the redevelopment of a ￿ntre for refugees and asylum seekers. bl the relief of distress and Sickne￿ Examples during the year included support for the building of garden atthe Princess R(ryal Spinal Cord Injuries Cent￿. ￿ergrou￿ supp¢xt forwomen experiencin mental illness. brain tumovr specialist support. coun5elling for women impacted by domestic abuse and trauma, and a wildlife project supporting older people and vulnerable adults. HP LLP Page 14

SHEFFIELD CHURCH BURGESSES TRUST BURGESSES. REPORT- continued FOR THE YEAR ENDED 31 DECEMBER 2024 PUBLIC BENEFIT (continued) cl the provision and support with the object of improving the conditiors of life forthe said inhabitar in the irrterests of social welfare of facilities for recreation and other leisure-time occupation. Examples during the year included start up equipment for a community sewing group. accessible transport for members of a disabled fishinggroup. repairs and modernisation of a church community buildin& a choirfor people imparted by homele55ness. and creative se55ionsfor people with mental health conditions in two ￿SIdential settings. dl the provision and support of educational facilities. Examples during the year included training equipment for NHS staff, a financial inclusion project, a community art programme exploring the history of the Castlegate area, and music therapy for young people in hospice care. 21.3 By tts payment of income to the Church Burgesses Educational Fouftdation the Trust is able to contribute to the wide range of individuals and organi5ations who are in receipt of grant funding for the benefit of theffield inhabitants under the age of 25. The Foundation's grant making programmes include grants for trainin& 8ap year artivities, educational equipment. vocation trainin& music and sport, as well as the support of chlsrch youth and families WDrkers engaged in the promotion of religi(￿. spiritual and moral education of children and young people. Many projert5 SUPPOrted by the Foundation assist with the educational needs of children and young people who. for a range of different reasons. face obstacles to accessing and engaglng wrth m31nStream education. The Trust receives an annual report from the Foundation. The Burgesses are con5tious of the requirement that benefits must be balanced against any detriment or harm and they bear this in mind throUgh￿t the grant making programmes ol the TrLtst. 21.4 The Trust's grant making is restricted to the inhabitants of the geographical area defined bythe Scheme.. 21.4.1 The Burgesses are satisfied that the beneficiaries. already referred to in detail in this Rep￿t. are appropriate to its aims. 21.4.2 No other 8eographical restrictions are applied. 21.4.3 The issue of payment of fee5 does not arise as the Trust is a grant maker and 15 not invcAved in fee charging. In the decision making processes Burgesses bear Trn Mind a desire, where the grant can be assessed in this way. to give as wide a benefit 35 Possible across the beneficiary class. i.e. they seek to deliver effective grant programmes which facilitate delivery of public benefittoth05e within the charity's remit, which is by the Scheme limited to the inhabitants of Sheffield. PATRONAGE The Trust holds patronage rights in relation to a number of Sheffield churches150me of which are held jointly, alternating or as part of a patronage board) and a lank Burgess is appointed to each of them in order to encourage a good working relationship with the Trust. BHP LLP Page 15

SHEFFIELD CHURCH BURGESSES TRusr BURGESSES, REPORT- continued FOR THE YEAR ENDED 31 DECEMBER2024 PATRONAGE Icontlnuedl The patronage churche5 are= The Cathedral Church of St Peter and St Paul St John's Park Attercliffe and Damall Sheffield Manor St Au8UStine, Endcliffe St Mary's. Bramall Lane St Peter and St Oswald's. Millhou5es St Matthew's, Carver Street Brightside with Wincobank St Margaret and StThomas St Cuthbert's. Fir Vale St Timothy's. Crcx)kes and the Vine, Upperthorpe and Netherth¢xpe St Mark's. Brotsmhill 23. HIGHLIGHTS FROM 2024 A number of further matters arising during 2024 are worthy of note. 23.1 Mr Bookerwas appointed as theTrLL5Vs Capfcal Bur8ess for the year, the thtrd time that he had undertaken this role. 23.2 The Annual Service of Thank58iving was held at Churth of Christ, Darnall. shortly after the Annual General Meeting in May. where wayers were said for the work of the Trust and the incoming Capital Burgess. 23.3 s patron of St John'5, Park, the Tmst engaged with the process to appoint the Revd Luke Graham as Curate in Charge. Several Tnjst representat￿e5 attended a service of welcome at St John's in June 2024. 23.4 A5 Patron of St Marvs. Broomhrll and Broomhall. the Tnjst engaged in the process that led to the appointment of the Revd Dr Beth Keith as Vicar of St Mark'5, Priest in Charge of St Mary's, Walkley and {￿er$ight Minister of the Three Spires Mission Area. Several Burgesses attended service of welcome and li￿nsIng at St Mark's in January 2025. 23.5 A5 patron of Manor Parish the Trust partiopated in a process that led to the appointment of the Revd Lucy Sablan as Team Rector. Several Trust representatives attended a Service of licensing and installation at St Swithun's Church in February 2025. 23.6 In July Mr Eccleston became Chaimian of the Trustrs Property Committee. taking on that role from Mr Hutton who remains a memberof the Committee. Mr Hutton was thanked for serving s the Cc*nmtttee Chairman for many years. which has been of considerable benefit to the Trust. 23.7 In May Mr ￿ttle was elected as a Burgess. filling the vacancy left followng the retirement of the late Mrs 8 R Hickman. 23.8 In October Mr Quinney retired after several years of seNce a5 a Burgess and trustee of the Church Burgesses Educational Foundation. BHP LLP Page 16

SHEFFIELD CHURCH BURGESSES TRUST BURGESSES, REPORT- continued FOR THE YEAR EAIDED 31 DECEMBER2024 BURGESSES. RESPONSIBILITY FOR THE FINANaALSTATEMENTS The Burgesses are responsible for preparingthe Burgesses. Annual Report and the financial statements in accordance with appltcable law and Untted Kingdom Accounting Stsndards Iunited Kingdtsm Generally Accepted Accounting Practice). The law applicable to charities in England & Wales require5 the Burgesse5 to prepare financial statements f<* each financial year which give a true and fair view of the state of affairs of the charity and of the incoming ￿SOUr￿5 and application of resources of the tharity forthat period. In preparing these financial statements, the Burgesse5 are required to.. 24.1 select suttable accounting policies and apply them consistently- 24.2 observe the methods and principles in the Charibes SORP 2019 IFRS 1021- 24.3 make judgements and estimates that are reasonable and prudent- 24.4 state whether applicable accounting standards and ststements of recommended practice have been followed.. 24.5 prepare the finanaal statements on the going concem basis unless it is inapproprlate to presume that the charity will continue in operation. The Burgesses are responsible for keeping proper acc(MJnting reccfds that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financi31 statements comply with the Charities Act 2011 the Charffies (Accourrts and Reports) Regulation5 2008 and the provisions of thetrust deed. They are also responsible for safeguarding the asset5 of the charitv and hence fortsking reasonable steps forthe prevention ènd detection of fraud and other irregularities. Approved by the Burgesses on UL 5 2025 and Signed on their behalf by.. F Book Capltsl Burgess HP LLP Pè8e 17

SHEFFIELD CHURCH BURGESSES TRUST INDEPENDENT AUDITOIYS REPORT TO THE BURGESSES OF THE SHEFFIELD CHURCH BURGESSE5 TRU Opinion We have audited the financial statements of Sheffield Church Burgesses Trust I'the thay1￿> for the year ended 31 December 2024 which comprise the Statement of Financial ArtNities. the Balance Sheet. the Cash Flow Statement and notes to the financial statements. including 518nificant accounting policies. The financial reporting frameworkthat has been Bpplied in theirpreparation is applicable lawand United Kingdom Accounting Standards. including Finanaal Rep(Kting Stsndard 102 The Finonciol Reportting5tundord LTpplicuble in the UKund Republic of Irelond (united Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements: ive a true and fair view of the state of the charitvs affairs as at 31 December 2024, and of its incoming resources and application of resources, FndudinB tt5 income and expenditure, for the year then ended: have been propedy prepared in accordance wrth United Krngdom Generally Accepted Accounting Practice- and have been prepared in accordance ￿th the requirements of the Charfities Act 2011. Basls for opinion We conducted our audrt in accordance with International Standards Dn Auditing IUKI11SA5 IUKII and applicable lèw. Our responsibilitie5 under those standards are further described in the audttor responsibilities forthe audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirernents that are relevant to our audtt of the financial statements in the UK. including the FRCS Ethical Standard, and we have fuffilled our other ethical responsibilities in accordance wi(h these requirements. We believe that the audit evidence we have obtsined is sufficient and appropriate to provide a basis for our opinion. Conduslons rdating to golng concern In auditing the financial statements, we have concluded that the Burgesses. use of the going concern basis of accountin8 in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identifjed any material uncertainties relating to events of conditions that. individually or collectively. may cast s4gnificant doubt on the charity's ability to continue as a going concern for a ￿r1¢KI of at least twefve months from when the financial statements are authorised for 5sue. Our responsibilities and the re5ponsibilrties of the Burgesses wtth rèspert to going concern are described in the relevant sections of this report. Other Infomlation The other information CoMpr￿eS the information included in the Burgesses. annual report, other than the financial statements and our auditor's reportthereon. The Burgesses are responsibleforthe other information. Our opinion on the financial statement5 does not cover the other information and. except to the extent otherwise explicitly stated in our report, we do not expres5 any form of a55urance conclusion thereon. BHP LLP Page 18

SHEFFIELD CHURCH BURGESSES TRUST INDEPENDENT Auorrows REPORT TO THE BURGESSES OF THE SHEFFIELD CHURCH BURGESSESTRUST- continued other Infomatlon (cont1n￿￿) Our responsibility is to read the other informatron and. in doing so. consider whether the other information is materially incon51Stent with the financial statement5 or our knowledge obtained in the course of the audit or otherwise appears to be materially misstated. If we identify such material inconsistencie5 or apparent material misstatements, we are requtred to determine whether this gives rise to a material mi5St3tement in the financial statements themselves. If, based on the work we have performed, we condude that there is a material mi55tatement of this other infom)ation, we a￿ required to report that fact. We have nothing to report in this regard. Matters on which we are required to report by exception We have nothing to report in respect of the following matters in relation to which the Charities IAccounts and Reports) Regulations 2008 require us to report to you if, in our opinion.. the information given in the Burgesses. report is inconsistent in any material respect with the financial statements,. or sufficient accounting rec￿d5 have not been kept- or the finhncial statements are not in agreement with the accounting records and retums,. or we have not received all the inforniation and explanations we require for our audit. Responslbilities of 8urgesses As explained more fully in the Burgesses, responsibilities statement as set out on page 17. the Burgesses are responsible for the preparation of financial statements and for being satisfied that they give a true and fair view. and for such internal control asthe trLtstees detennine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error_ In preparing the financial statements, the Burgesses are responsible for assessing the charrty's èbllity to continue a5 a going concem, dis£losin& as appltcable. matters related to going concern and using the going concern ba515 of accounting unless the Burgesse5 etther intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so. Auditor responsibilities for the audit of the finandal staternents We have been appointed as èudttor under section 144 of the Charities Act 2011 and report in accordance with the Art and relevant regulations made or having effect thereunder. Our objectives are to obtain reasonablè assurance about whèther the financial statements as a whole are free from material misstatement. whether due to fraud or error, and to issue an auditor's report that include5 our opinion. Reaso¢)able assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS IUKI always detect a material misstatement vA)en it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the ba515 gf these financial statements. BHP LLP Pa8e 19

SHEFFIELD CHURCH BURGESSES TRUST INDEPENDENT AUDrrows REPORT TO THE BURGESSES QF THE SHEFFIELD CHURCH BURGESSES TRLIST- ￿ltinUed Auditor responsibilities for the audit of the finanti31 statements la)ntinued) Irregularities. includlng fraud, are instance5 of non-compliance wrth laws and re8ulations. We design procedures in line with our responsibilities, ovtlined above, to detect material misstatements in respect of irregLtlarities. including fraud. The extent to which our procedures are capable of detecting irregularities. including fraud, is detailed below= the engagement responsible individual ensured that the engagement team collertively had the appropriate competence. capabilities and skillsto identify or recognise non-compliance with appltcable laws and regulations.. we identified the laws and regulations applicable to the charity throu8h discussions wtth management and trustees and from our knowledge and experiences of the sertor.. we focussed on specific laws and regul*ions which we consrdered may have a direct material effert on the financial statements or the operations of the charity. including Charities Act 2011 and health and safety legislation.. we 3sse55ed the extent of Complian￿ with the law5 and regulattons identified above through making enquiries of manaÉement. burgesses and the property portfolio managing agent,. identified laws and regulations were communicated wtthin the audit team re8ulady and the team remained alert to instances of non-compliance throughout the audtt. We assessed the susceptibiltty of the charity's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by,. making enquirtes of management and Burgesses as to where they considered there was susceptibility to fraud, their knowledge of actual, suspetted and alleged fraud.. and considering the internal controls in place to mitiwe risks of fraud and non-compliance with laws and regulations. To address the risks of fraud through management bias and override CC￿trOl5. we: performed analytical Pro￿dureS to identfy any unusual or unexperted relationships: tested journal entries to identify unusual transactions.. assessed whetherjudgements and assumption5 made in deterniining the accounting estimate5 set out in note 3 were inditative of potential bias,. and investigated the rationale behind significant or unusual transartions. In resptxse to the risk of irregularities and non-compliance with laws and re8ulations. we designed procedures which included, but were not limited to- greeing financial statement disclosure5 to Under￿ing supporting documentation- reading the minutes of meetings of those charged with governance,. enquiring of management as to artual and potential Irtigation and claims. Because of the inherent limitations of an audtt. there is a risk that we will not detect all irrègularities. including those leading to a mBterial mtsstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliarTrce with a law or regulation is removed from the events and transactions refiected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error. as fraud involves intentional concealment. forgery, collusion. omi55ion or misrepresentation. A further description of our responsibiltties for the audtt of the financial statements is located on the Financial Reporting Council's website at.. wv¥w.frc.org.uklauditor5responsibilrties. Thi5 description forms part of our auditorfs report. 8HP LLP PaEe 20

SHEFFIELD CHURCH BURGESSES TRUS[ STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 3J DECEMBER 2024 Pemianent endowment funds (Note 16) 2024 Unfestrirted Restrirted funds fvnds INote 3) (Note 4} 2024 2024 Total funds 2023 Total funds 2024 Note Income and endowments from: 1,269.164 1,389,817 659,883 573,734 222,808 2.151,855 1.963,551 1,269.164 653.902 Rental income Investment income Charitable artiv-fties 5.981 222W8 Total Income and end￿￿rnents 1,9Z3.066 228.789 Expendlture on-. 766,299 672,566 1,308.367 1,433,066 699.748 1?08.367 66.551 Costs of generating funds Charitable activities 2.008,115 66.551 2.074,666 2,105,632 Total eypenditure 166.5511 77,189 1142.0811 Net lexpenditurellincome Ixfore investment gains 185.(M9J 228.789 721,399 721.399 798.588 1131,9461 10.135 Net gains on investments io 654A48 Net {expenditurellintome before transfers {85.049) 228,789 (228.789} 223,548 Transfer5 between Funds 5.241 798.588 1131,9461 179.808) 878.396 Net movement in funds Reconciliation of funds: Total funds at l January 2024 36.082,198 37,206,683 37.338.629 36.960594 38,005,271 37,206.683 1,124.485 1.044,677 Total funds at 31 December 2024 All income and expenditure derive from continuing operdtion5. Page 12 BHP LLP

SHEFFIELD CHURCH BURGESSES TRUST INDEPENDENT AUDITOR'S REPORT TO THE BURGESSES OF THE SHEFFIELD CfrIURCH BURGESSES TRU5T- continued Use of our report This report is made 501ety to the Burgesses. as a body. in accordance with Part 4 of the Charities IAccounts and Reports) Regulations 2008. Oili atjdit work ha5 been uftclertaken so that we rnight state to the charity's Burgesse5 those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or3ssume responsibility to anyone other thèn the charity and the charit￿5 burgesses as a body. for our audit work. for thrs report, or for the opinions we have formed. •/z/< BHP LLP Istatutory Audrtorl Chartered Accountants Statutory Auditor Albert Works 71 Sidney street Sheffield SI 4RG Date.. /5 BHP LLP is eligible to act as an auditor in terms of settion 1212 of the Companies Act 2￿6. 8HP LLP Page 21

SHEFFIELD CHURCH BURGESSES TRusr 8ALANCE SHEET ASA T310ECEM8ER 2024 Note 2024 2023 Flxed assets Investment property Investments li 22.036,625 14.472.809 21.725.C(KJ 14,381,550 36,509.434 36,106,550 Current assets Debtor5 and prepayments Cash at bank and on short-terni deposit 442J61 1.759.607 386.799 1,353.102 14 2.20L968 1,739.901 Creditors- amounts falling due wtthin one year 15 1Th.131) 1639.7681 Net current assets 1.495.837 I,1￿.133 Net assets 34LK)S,271 37.206.683 Charity Funds Permanent endowment funds Unrestricted fund5 16 36.960.594 1.044.677 36,082.198 1,124,485 Total funds 38.(K15.271 37.206.683 'Ls and are signed on their behalf bv.. F Book Capital Burgess l T Potter Law aetl( BHP LLP PaEe 23

SHEFFIELD CHURCH BURGESSES TRUST CASH FLOW STATEMENT AS A T31 DECEM8ER2024 Note 2024 2023 Cash flows from operating artivitles Net cash provided by operating actNr(ies (623,270) 1503.1041 Cash flows from in¥esting artiwties: Sale of listed and other investments Purchase of listed and other investments Investment income received Investment property additions Proceeds on sale of Pfopertv 920.130 16431 659,883 {586.8351 32.101 250.oc 16421 573,734 1535,7051 25,((() Net cash generated byllused In) investirry artl¥lUes 1,024.636 312,387 Change in cash and tash equivalents Fn theyear 401,366 1190.7171 Cash and cash equivalents br(￿ght forward 1.386.258 1,576,975 Cash and ￿5h equ[V￿ents tarried forward 19 1.787.624 1,386,258 Cash and cash equS¥alents consist of: Cash at bank and in hand Notice deposits Ile5S than 3 months) 284.828 1,474.779 328.848 1.024,254 1.759.607 1,353.102 Investment cash 017 33.156 1.787.624 1,386,258 BHP LLP Page 24

SHEFFIELD CHURCH BURGESSES TRUST NOTES TO THE ACCOU￿5 FOR THE YEAR EAIDED 31 DECEMBER 2024 Accounting polioes o. General information and bosls ospre1￿￿11On oAfinonclalstotements The address of the registered office is given in the charrty information on page l of these financial statements. The charity constttutes a public benefrt entity as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities.. Statement of Recommended Practice applicableto charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS 1021, the Charities Act 2011, and UK GeneraltyAccepted Accounting Prarticè. Theflnanual statements are prepared on a 80ingconcem basis underthe historical c05t CDnvention. moyified to include certain ttems at fair value. The financial Statements are presented in steding which is the functional CUTrency of the charity and rounded to the nearest £. The significant accounting policies applied in the preparation of these financial statement5 are set out below. These polioes have been consistently applied to all years presented unless otherwise Stated. The financial statements have been prepared to give a 'true and fair. view and have departed from the Charities (Accounts and Reports) Regulations 2(M)8 ￿lytothe extent required to provide a'true and fair. view. This departure has imiolved followng the Charities SORP IFRS 1021 published in October 2019 rather than the Accountin8 and Reporting by Charities-. Statement of Recommended Practice effective from l April 2(K)S which has since been withdrawn. Property PrO￿rtieS are carried in the balance sheet at open market value, subject to the existing tenancie5 and professional revaluations are made at not more than four yearly intervals. At other year ends the Burge5se5. consider the appropriateness of the valuation each year. Gains and losses arising on the sale or revaluation of propertie5 are taken to the appropriate fund in the Statement of F4n3ncial Activities. 1.2 Investments Investments are carried in the Balance Sheet at market value. Gains and losses arising on the sale ￿ revalu*ion of investments are taken tothe approprlate fund in the Statement of Financial ArtNities. BHP LLP Page 25

SHEFFIELD CHURCH BURGESSES TRUST NOTES TO THE AcCou￿r$- continued FOR THE YEAR EPIDED 310ECEMBER 2024 Accounttng pollcles Icontinuedl 1.3 Funds Funds held bythe thartty are- Unrestrirted funds These are funds which can be used in accordan￿ vith the charitable objects atthe discretion of the Burgesses. Restricted furtds These are funds that can On￿ be used for specific restricted purposes within the objects irf the Charity. Restrictions arise when spec¢fied by the donor. Pem)anent endowment fvrKIs This fund represents those assets which must be held permanently by the chartty, principallv investments. Income arising on the endowment fund can be used in accordance wrth the objects of the charty and is included as unrestricted income. Any capital gains or losses arisin8 on the investments form part ofthe fund. 1.4 Income Rental inc(xne Rental income is accounted for on an atcruals basis and includes all rental income due in the period of account. Dlvldends Dividend income is atcounted for on a re￿ivat￿e basis. Interest Interest recèivable is accounted for on a receivable basis. Donations. legacies and similar Incom1￿ re50urce5 Income from donations and legacies is included in incoming resources on a receivable basis. Grant income ts recogni5ed at fairvaluewhen the charity has entitlement after any performance conditions have been met. it is probable that the income will be received and the amount can be measured reliably. 1.5 Expendfture Expertrditure is included in the Statement of Financjal ActNlties on an accruals basis. indusive of any VAT which cannot be recovered. Raising fund5 expenditure comprises those costs directly attributable to maintaining and administering the property and investment portfolio and raising rental and investment income. The investment management fees a￿ charged againstthe pemianent endowment funds. Governance costs comprises expendrture incurred in organisational administration, compliance with tonstitutional and statutwy requirements and legal advice through the Law Clerk. BHP LLP Page 26

SHEFFIELD CHURCH BURGESSES TRusr NOTESTO THE Accou￿5. continued FOR ThE YEAR ENDED 31 DECEMBER2024 Net income available for tharitable applltatlon Pemlanent Restrltted end0￿￿ent funds nd 2024 2024 Unrestrlcted Funds 2024 Total funds 2024 Total funds 2023 Investment intome Rental income Other investment income Charttable artivities 1.269.164 653.902 1,269,164 1,389,817 659.883 573,734 222.808 5.981 222.808 1.923,066 228,789 2.151.855 1,963.551 Less costs olgeneratlngfvnds Property running costs and Investment managers charges 1699.7481 166.5511 1766,2991 1672.5661 Net income avai5able for charitable application 1.223318 228,789 166,5511 1.385.556 1.290.985 Unrestrtrted lunds 2￿4 2023 Net income a￿lIable10T(horlt0h1e Opplicot￿." Total income Less.. costs of generating funds 1.923.066 {699.7481 1,957.909 1628.4791 1.223,318 1,329,430 Less.. amount specificalty f(￿ eccles5astical purposes Inote 51 governance costs Inote 91 124) 1320.2311 1171 1314.9151 1320,2551 1314,9321 Net income 903.063 1.014,498 Allocated to: Ecclesiastical purposes- 71.5% General charitable purposes- 10.7% Church Burgesse5 Educational Foundation- 17.8% 645,690 96.628 160.745 725,366 108.551 180.581 903.063 1,014.498 BHP LLP Page 28

SHEFFIELD CHURCH BURGESSES TRUST NOTES TO THE AccouKfs- continued FOR THE YEAR ENDED 31 DECEMBER2024 Accountlng policies Icontinuedl 1.6 Grnnts poyuble Ma￿￿er. personnel and othergrants Grants payable are charged in the year when the offer is conveyed to the individual. parish or organisation concemed. except in those cases where the offer is conditional, such grants being retogni5ed as expenditure when the condttions attaching are fulfilled. Churth l*Jilding grants The Trust ha5 for many ye3r5 adopted a policy of paying grnnts towards expendiThJre inCUr￿d on church buildings on presentstion of invoices or other evidence of WO￿ carried out on the projert by the parish ct>ncerned. Where the project has commenced. the value of such grants unpaid at the year end is provided for. Where the project has not commenced. the Trust's offer of a grant is noted as a commitmenL but not ac(rued in the accounts as expenditure. 1.7 Delrtors Trade and other debtors are recognised at the setdement amount. Prepayments are valued at the arnount repaid. 1.8 Cosh ot1￿nk0￿d1n hqnd Cash at bank and in hand indudes cash and short terni highly liquid investments with a short maturity of three months or le55 the date of acquisition or (¥)ening of the deposit or similar account. 1.9 Creditors undpr<Nisions Creditors and prowsions are rÈcc%nised where the charity has a present obligation resulting from a past Èvent that will probab￿ 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 and provisions are normaltv recognised at their settlement amount after allowingfor any trade discounts due. 1.10 Going concern The financial statements have been prepared on a going concern basrs asthe Burgesses believe that no material uncertainties exist. The Burgesse5 have CC￿sIdered the level of funds held and the experted level of income and expendtture for 12 months from authorising these financial ststements. The budgeted income and expendf(ure is sufficient with the I￿e1 of reserves ft)r the charity to be able to continue as a going concern. 1.11 Judgements andkeysourres olestlmotion uncertolnty Performance related Erants receivable are calojlated based on estimates of costs incurred to meet the performance obligations of the grant. The bad debt provision 15 an estimate calculated based on Indi￿dual account bal3nce5, taking into account the probability of collection. BHP LLP Page 27

SHEFFIELD CHURCH BURGESSES TRUSr NOTES TO THE ACCOUNTS- continued FOR THE YEAR ENDED 31 DECEMBER 2024 Unrestrirted fvnds Icontinuedl Ecdesiastical Part General Part 2024 2023 Allocated net income Specific income - Charity CommiS￿On order Transfers in - Transfer to Chartty CommissiC￿ Recoupment 645.690 96.628 742.318 833.917 24 5.981 24 5,981 17401 17 5,642 17401 17401 Net resources available for direct charitable purposes 651.695 95.888 747.$83 838,836 Direct charltable expenditure (Note 81 -Cathedr¥l expenditure -Grants 5(M).453 220.188 SlJl.453 326.938 491,257 446.313 106,750 720,641 106.7SO 827.391 937.570 Net incomellexpenditurel for the year (68.9461 110.862) 179.8081 198.7341 Total funds at l January 2024 1.016.533 107.952 1.124A85 1,223,219 Total funds at 31 December 2024 947.587 97,0 1.044.677 1.124,485 Restrirted income funds Sir Willlam Ellis SCC Grant 2024 2023 Dividends and interest on quoted investments Grant income 5,981 5,981 222.808 5,642 222W8 Total incomlng resour￿$ 5.981 228,789 5,642 Transfers out (see notes 3 and 161 1222,8081 15,9811 (228.7891 15.6421 Net incoming resources for the year and net movement in funds Total fund5 at l January 2024 Total funds at 310ecember 2024 The transfer of funds from restricted SCC Grant to endowment funds is in respert of the investment property additions for the Chapel Walk redevelopment funded by SCC. 8HP LLP Page 29

SHEFFIELD CHURCH BURGESSES TRusr NOTES TO THE ACCOUNTS- continued FOR THE YEAR EP4DED 31 DECEMBER2024 Inveslment Income 2024 2023 Dividends and interest - on quoted investments - Charities Property Fund Bank and building 5(xiety interest Charity Commission older 425,669 152.801 81.389 24 410,196 115.936 47.585 17 659,883 573.734 Costs of generating funds 2024 2023 Property Costs Empty property rates Repairs and refurbishment Dilapidation re￿Ipts Professional fees Repair of bridges and highway contribution Insurance Bad debts 62,173 152,805 119,4441 335.693 20 48,982 28,806 160.771 472.047 20 64.677 {62.3751 699.748 609.035 Inststment monogers churges 6&551 63,531 766,299 672,566 CharltablÈ activity expendlturt 2024 2L123 Transfer to Church Burgessès Educational Foundatron Inote 31 Direct charitable expenditure Inote 81 Governance costs Inote 91 160.745 827391 320231 180,581 937.570 314,915 1.308,367 1,433,066 BHP LLP Page 30

SHEFFIELD CHURCH BURGESSES TRUST NOTES TO THE Accou￿s- continued FOR THE YEAR EIVDEO 31 DECEMBER 2024 Governance costs 2024 2023 Auditorfs remuneration 25.469 23.611 Legal & administrative fees Printin& postage. stationery & sundry disbursements Bank interest and charges Trustee expense5 287,923 3.759 753 1.115 278,805 9,653 628 I.￿6 Subtotal 319.019 313,703 Trustee indemnitv Insurance 1.212 1.212 320.231 314,915 The Burgesses do not receNe any remuneration out of the funds of the Trust. During the year £1.115 12023.. £1,IX61 was reimbursed tothe Burge55e5 fortraining and travel expenses in respect of their work for the Trust. The Law Clerk is a partner in Wrigleys who wovides legal and administrative services to the Trust. The Trust ha5 no employees. During the year. trustee indemnity insvrance was taken to protect the charity from10s5 a￿51ng from the neglert or defau￿ of its BurÈesses. The charge for the year was £1.21212023.. £1.2121. BHP LLP Page 32

SHEFFIELD CHURCH BURGESSES TRUST NOTES TO THE AccouMfs- continued FOR THE YEAR EPIDED 31 DECEM8ER 2024 Dirert CharItat￿e ExpeNllture 2024 2023 C¢rthedrol Expenditure Annual grant Cathedral maintenance Mission grant Special grant Insurance Miscellaneovs expenses 416.000 16.iYXI 16.0(Kl 405,720 15.525 15.525 4,3 49,031 1,156 44205 1.748 51M),453 491.257 Eccle51usticol Grarts to lftstitutions Central Deaneries- Ministry support grants (note 21) Church building grants (note 211 Other grants (note 211 2,060 154.259 166,366 68.937 149,272 218.209 322,685 Eccleslastit4Jl Gronts to Clergv aer8y working expenses and support grants 1.979 1.979 8,944 Genernl ChorftsTble Grants ts Institukn {note22J I1￿,750 114.684 I{￿.750 114,684 827.391 937,570 Details of grants to institutions are given in notes 21 IEcclesiastic31l and 22 IGeneral Charitable). 6 individuals12023: 121 were awarded dergy working expense grants or support grants. 8HP LLP Pa8E 31

SHEFFIELD CHURCH BURGESSES TRusr NOTES TO THE ACCOUNTS- continued FOR THE YEAR ENDED 31 DECEM8ER2024 12. Investments 2024 2023 Quoted investments At market value l January 2024 Additions Disposal proceed5 Increase in market value 14.a48.394 14,076.912 643 642 1920.130) 1250,OWI 1.015.885 520,840 At market value 31 December 2024 14.444.792 14,348,394 Investment cash 2&017 33,156 14.4n,809 14.381,550 General Charities Property Fund 12.ILKI,784 12,022.696 2.372.025 2,358,854 14.472,809 14,381,550 Quoted investments at historical cost at 31 December 2024 12.208.164 12,989.068 l investments are listed securities and comprise of.. Equtties Fixed income Property Alternative investments UK investment fund5 Liquid Assets 8529,130 1,218,422 2,762,160 1.204,579 510.698 219.803 14.444.792 Investments in individual securities held at 31 De￿rnber 2024 which a￿ over 5% (rf portfolio by market value are= Market Value Sarasin Endowments Fund aass A Inc Charities Property Furbd 11,343,51Jl 2.371.969 BHP LLP PaEe 34

SHEFFIELD CHURCH BURGESSES TRusr NOTES TO THE Accou￿rs- continued FOR THE YE4R EhlDED 31 DECEMBER2024 10. Net galnslllossesl on Investments 2024 2023 Unrealised losses on propertie5 Unrealised gains on irNestments Realised gains on sale of investment properties Realised gains on sale of investments {296,587) 877,301 iioi 138,584 1535,7051 508.215 25.WO 12,625 Total 721399 10,135 11. Investment properttes 2024 2023 At valuation l January 2024. wrth additions at cost Balance at l January 2024 Additions Revaluation Disposals 21.725.000 638,212 1296,5871 130.LW) 21.725.¢X)O 535,705 1535,7051 Balance at 31 Detember 2024 21036,625 21.725.0(X) The historical cost of frÈehold property is not available as it w35 acquired in periods for which ￿cordS are no longer available, as such a revaluation reserve has not been disclosed on the balance sheet. The freehold investment propertie5 were revalued by extemal valuers. Fowler Sandford LLP, Consultant SuTheyors and Valuers. as at 31 December 2022 on the basis of open market value in accordance with the Appraisal and valuati￿ Manual of the Royal Institution of Chartered SuTheyors. In 2024 grant fundinE was re￿1Ve￿ from Sheffield City Council to support the redevelopment of certain properties held by the Trust. The Burgesses considerthis valuation to be appropriate as at 310e￿rnber 2024. BHP LLP P38e 33

SHEFFIELD CHURCH BURGESSES TRusr NOTE5 TO THE ACCOUNTS- continued FOR ThTE YEAR ENDED 31 DECEMBER 2024 16. Pemianent endowmeFrt funds Charity Commlsslon Retoupment Fund Sirwilllam Total 2024 Main Fund Bequest Total funds at l January 2024 35.393,477 487.465 201.256 36,082.198 Incoming Resources Transfers in (see notes 3 and 41 Unrealised gains/llossesl= Quoted investments Properties Investment managers charges Dilapidations receipts Reali5ed gain on investmerrts 740 223,548 836.398 12%.5871 166.0891 23,549 17.354 877,301 {296,5871 {66.5511 {4621 140.685 837.215 140,685 878,396 24.289 16.892 Total funds at 310ecember 2024 36.230.692 511.754 218,148 36,960,594 Charfty Commtssion Recoupment Fund Sir William Total 2023 Main Fund Bequest Tirtal funds at l January 2023 35.488,353 437,055 190.002 36,115.410 Incoming Resources Transfer from unrestricted income fund Unrealised gainslllossesl-. Quoted investmer Properties Investment managers charges Dilapidations receipts 740 740 447,720 1535.7051 163.9601 19.444 37.625 194,8761 49,670 10,825 508.215 1535.7051 163,5311 19,444 37,625 133,2121 429 50,410 11254 Total fund5 at 31 December 2023 35393.471 487,465 201,256 36,082,198 BHP ILP Page 36

SHEFFIELD CHURCH BURGESSES TRUST NOTES TO ThE ACCOUNTS- continued FOR THE YEAR EAIDED 31 DECEM8ER 2024 13. Debtors and prepa￿ents 2024 2023 Rent and insurance unpaid at year end Rent paid in arrears laccruedl Ground rent paid in arrears lacuuedl Prepayments and other debt(￿$ 166.603 7A87 383 267,888 193.CI56 7.482 388 185.863 442361 386,799 14. Czsh at bank and on short-temi depo*t 2024 2023 Short-term deposit= Santander Central Board of Finance Virgin Money 5ara5in Cash at bank.. Royal Bank of Scotland Special deposit account Reserve account Handelsbanken Current account 985 452 452 36 36 IA50.IKM) I,CKJJ.000 20.895 14,697 9,557 284J40 327.375 1,759.607 1,353,102 IS. Credttors: Amounts falllng due vhthin one year 2024 2023 Amount due to the Church Burge55e5 Educational Foundation Rent received in advance Grants unpaid at year end Rent deposits Accrued expenses 745 252.162 129,656 14.295 309.273 20,581 239.054 184.316 14,555 181,262 706,131 639.768 HP LLP Page 35

SHEFFIELD CHURCH BURGESSES TRUST NOTES TO THE ACCOUNTS- continued FOR THE YEAR ENDED 31 DECEMBER 2024 17. Related partles and transattions Icontinvedl Dr I P 8anham 15 a trustee of Sheffield Museums TrusL Revd S A P Hunter has been granted Permission to Officiate in the Diocese of Sheffield, is Bishop of Sheffield's Canon C.4 Faculty Officer and 15 Ministerial Development Reviewer for the DI0￿Se of Sheffield. Mr l G Walker 15 the Chairman of the Sheffield Diocesan Board of Finan￿ and is Honorary Canon of Sheffield Cathedral. His wrfe is a PCC member of All Saints, Ecclesall. Mr N J A HLrton is the Chairman of Sheffield DiaPa-Ride, President of 4e UK Sheffield, a trustee of Shrewsbury Hospital and a Patron of St Luke's Hospice. Rental income of £1 was paid in the year to Shrewsbury Hospital12023: £11. Ms E A Brownhill is Church Warden, Secretary and a member of the PCC at St Mary's Bramall L3ne, and a trustee of the St Marrfs IBr3mall Lane) Community Centre. Dr S M Gentle is the Sheffield Cathedral representstive and Lay Chair of Attercliffe Oeanery Synod, a Lay Representative of Diocesan Synod. a member of steering groups for Attercliffe Centre of Mission, Bishop's Adviser for the Discernment Process (all bodie5 WSthin the Diocese of Sheffield) and Honorary Lay Canon of Sheffield Cathedral. Prof R E Coleman is Church Warden at All Saints Ecclesall Parish Church and was a trustee of Weston Park Cancer Charity until September 2024. Icl All B¢Jrgesses are, along wrth the Dean of Sheffield, trustees of the Houn5field Pensions Charity. BHP LLP Page 38

SHEFFIELD CHURCH BURGESSES TRusr NOTES TO THE ACcOuTr￿s- continued FOR THE YEAR ENDED31 DECEMBER2024 16. Pemianent endowment funds Icontinuedl In accordance wtth FRS 102 requirements, investment managers, charge5 have been charged agalnst the permanent endowment fund. The Scheme which governs the Main Fund provides for the incometo be all¢xated as to 71.5% for ecdesiastical purposes, 10.7% for general charitable purposes and 17.8% to be transferred to the Church Burgesse5 Educational Foundation. The Chartty Commission Recoupment Fund arises from the sale of freehold properties subjett to long leases in 1971, 1979 and 1986. in respect of which the Charity Commission require the Burgesses to pvt aside out of general income £739.50 per annum,. until 2039 in re5pert of £564. and until 2(￿6 in respect of £175.50, and the funds thus accumulating. which cannot be used for any purpose until those dates, will then fomi part of the permanent endowment. Sir William Ellis. bequert provides for the income to be used for making grantsto incumbents of benefices within the ancient ecclesiastical parish of Sheffield and is transferred tothe ecclesiastical part of the Main Fund income account In(rte 31. 17. Related parties and transactii)n5 lal The Church Burgesses Educational Foundation is a registered charity. a majority of the trustee5 being appointed by the Sheffield Church Bur8es5es Trust. The Foundation is entitled to a specific share of the Church Burgesses. income which represents almost the whole of the Foundation's income and its objects are to apply its income in prom¢rtingthe education of undertwerrty five year olds who, or whose parents, live in the City of Sheffield and who are in need of financial assistance. The following Burgesses are appointed by the Trust to be tnjstees of the Church Burge55es Education81 Foundation= Mr D Stanley (chair of trustees). Revd S A P Hunter JP. Mr D F Booker. Mr D H Quinney (until 22 October 20241, Mr S Eccteston and Prof R E Coleman Ifrom 11 February 20251. The Foundation 15 administered from the Trustrs office at: Derwerrt House 150 Arundel Gate Sheffield SI 2FN Ibl The following Buoesses hold positions with (￿ganISati(￿S who r￿1Ved grants a5 detailed in notes 21 and 22 from the Sheffield Church Burgesses Trust during the year. Mr D F Booker was thetreasL¢rer and a PCC member of St Jcthn's Ranmoor until 28 April 2024, is a trustee of Ranmoor Parish Centre, a direttrx of Whidow Grange LimTted and a member of Sheffield Cathedral Council. Mr D Stanley was a PCC member of Oughtibridge Parish Church until March 2024 and is the Chairman of Diocesan Grants Committee. BHP LLP Page 37

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SHEFFIELD CHURCH BURGESSES TRUST NOTES TO THE AcCOUTr￿s- continued FOR TME YEAR EP4DED31 DECEMBER 2024 18. Reconclliatyon of net mo¥ement in funds to net cash flow from operatin8 actMtlÉs 2024 2023 Net incomellexpendf(urel for the year las PEr Ststement of Financial Actwitiesl 798.588 1131.9461 Adjustment for Unrealised gains on investments Unrealised losses on property Profit on disposal of investments Investment income received Realised gains on property Movement in debtors Mijvement in creditors 18773011 1508.2151 296,587 535.705 1138.5841 112,6251 1659.8831 1573,7341 (2.1011 I25.￿x)I 155.5621 189,9(Ya 14,986 22,802 1623.270) 1503.1041 19. Analysls of thanges in net debt ljanuary 2024 31 December 2024 Cash flows Cash at bank Notice deposits 328.848 1.057.410 144,0201 445.386 284.828 1.502,796 1.386.258 401.366 1.787,624 BHP LLP Page 39

SHEFFIELD CHURCH BURGESSES TRUST NOTES TO THE ACCOUNTS- continued FOR THE YEAR ENDED31 DECEMBER 2024 21. Grants- Ecdegastital- continued {1111 Othergrants- Ecdesiastical 2024 2023 Manor Parish St Marfs Communtty Centre St Mary's. Bramall Lane- Ukranian hub Christ Church Enddrffe Church Army Sheffield City Mission Diocese of Sheffield. Clergy Stipend5 Within Sheffield Deaneries St Matthe￿5 Carver Street St Leonard's. Arbourthorne St p0￿Carp. Malin Bridge St Columba's. Crosspool Ministry training St John's Park Church St John's Owlerton St Paul's Church Sheffield Manor Church Christ Church. Hillsborough & Wadley Bridge Whirlow Grange ￿Mited 7.060 13.500 6,670 14.5(Kl 7,500 7,50D 75,CK)O 6,tK)o 4.158 5,WO 7,500 7.500 75.OtKI 3.1 2,424 6.614 15.IxxJ) 5.612 5.000 15,000 5,000 S.OCM) 15,0(Kl 5,000 Total 149272 166,366 {ivl Other8rants 2024 2023 Clergy grants 1.979 8,944 Total lJ79 HP ILP Pège42

SHEFFIELD CHURCH BURGESSES TRusr NOTES TO THE ACCOUNTS- continued FOR THE YEAR Ef4DED 31 DECEMBER 2024 21. Grants- Ecde4astical Churth buildlng gftnts 2024 2023 All Saints. Totley Beighton Parochial Church Council Christ Church. Dore Christ Church. Fulwood Christ Church. Pitsmoor St Andre￿S Psalter Lane St Au8U5tine's. Endcliffe St john's Park St Marys. Broomhill St matthe￿$, Carver Street St Nicholas Bradfield PCC St Thomas, Wincobank 4.51x1 12,50) 932 io.lx)o 3,847 24382 19451 1,980 25,(N)O 15,CMXJ 68.937 154.259 {111 Central Deanery- Ministry Support GTrnts 2024 2023 St John's. Ranmoor 2,C60 2.060 BHP LLP Page 41

SHEFFIELD CHURCH BURGESSES TRUST NOTES TO THE ACCOUNTS- continued FOR THE YEAR ENDED 31 DECEMBER 2024 22. Grants- General Charitable 2024 2023 Age UK Sheffield Appletree Childcare Arts Catalyst Assist Sheffield B.'Friend The B17 Steam Locomotive Ben'5 Centre Bluebell Wood Brains Trust British Liver Trust Broomhill Communtty Trust Burtors Street Foundation Care in Crosspool Causeway Charitable Services Cavendtsh Centre for Can￿r Care Cathedral Archer Project Cemetery Road Baptist ChLtrth Child Bereavement UK City of Sanctuary ClasS￿c31 Sheffield CLIC Sargent Crohn's & Colitis UK C.R.U.S.E. Dance to Health Sheffield Daltic Trust Dina Venue Limited Sheffield South Live at Home (formerly Ecclesall Live at Homel Emmanuel Church Waterthorpe Emmaus Families Action Support Isheffieldl Framework HoLtsing Financial Inclusion Service Grow UK Happy Day5 Children's Charity Haven House Project HF Trust Horatios Garden Light Peer Suppc Maya Produrtions MESH Community Cohèslon Seryices More in Dore Motor Nerurone Disease Paces High Green Phoenix Foundation P8C Foundation GCP Rivelinco Creative Ltd Roundabout 3,000 2,5CK) 5(Kl 3.000 6.000 8.000 1.000 8.oc 2,OC s.000 1.000 5(KJ 3.OLIJ 5,0 I,oc 2.OCM) 330 2,0 5CK) 2,CXJO 750 51)0 2,OOLI 2,500 i.¢xJo Carried forward 63,750 72,130 BHP LLP Poge 43

SHEFFIELD CHURCH BURGESSES TRusr NOTES TO THE ACCOUNTS- continued FOR THE YEAR ENDED 310ECEMBER 2024 22. Grants-General Charitsble- continued 2024 2023 Brought forward Ga,750 72,130 S20 Foodbank SAGE (Support. Arts, Gardening. Education) Sheffield Sheffield Churche5 Counal for Communty Care Share Psychotherapy Sheffield Disabled Fishing Group Sheffield Family Holiday Fund Sheffield H05Pttals Chartty Sheffield One Choir Sheffield & Rotherh3m Wildlrfe Trust Sheffield Women'5 Counselling Therapy servi￿ Iswcrsi Sheffield Yoga for MEICFS Sick Children's TrLSSt Isheffield Children's Hospitsll Spinal Injuries Association St Luke'5 Hospice St Vincent De Paul St Wilfrid's Centre Stockbridge Christian Centre Survivor5 of Depression The Choir with no Name The Meadows & White Willows Extra Care Tiddlywinks Support Through Court Vida Sheffield Voluntary Action Sheffleld Voz Theatre Westwood120151 Ltd Work Ltd 2.SlXI 2.OtK) 4,OQK) io.oc 2.01 2,998 3.000 4,0(Kl 2,500 i.o(w) 2,000 {4.OLKII 3.OlXI 1s(M) 1.056 S,(X)O Totsl 106.750 114,684 Grant commttments 2024 2023 Grant commrtments which would be met out of the nrestrirted income. (Ecclesiastical partl, of fvture years amounted to 4&128 131,800 24. Caprlal commitments 2024 2023 Property refurbishments 179.000 BHP LLP Poge 44

SHEFFIELD CHURCH BURGESSES TRUST NOTES TO THE ACCOUNTS- cofitlnued FOR THE YEAR ENDED 31 DECEM8ER2024 25. Post balance sheet events Endowment release On 9January 2025 a resolution to release £5,5￿,[￿LI of the permènent endowmentto unrestricted fvnds was approved by the Charty Cornmission. 8HP LLP Page 45