Charity No: 223050 THE COMMON LANDS OF ROTHERHAM FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEP•lBER 2023
THE COMMON LANDS OF ROTHERHAM FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Contènts Page Trustees, report Receipts and payments account ststement of assets and liabiliti88 6-7 Independent examiner's r8POrt Trustees. infomiation 9-13
THE COMMON LANDS OF ROTHERHAM TRUSTEES. REPORT- Continued FOR THE YEAR ENDED 31 DECEMBER 2023 The Trustees present their report and the independently 8xamined f1nancial statements of the charity for the year ended 31 December 2023. The trustees hav& adopted the provisions of the Statement of Recommended Pr8¢ti¢g ISORPI "Accounting and Rep¢>rting by Charities" IFRS 1021 in preparing the annual report and financial statements of the charty. Légal and admini$trativ• d•ta51s Charty Nam8'. Thè Common Land5 of Rothèrham Charity registration numbèr.. 223050 Charity's principal address.. Mrj M Bloomer clo 66 Moorgate Road Rotherham S60 2AU Greave.. N D ElmhiTSt Little Greave.. C D Hamby Feoffees.. C P Badger (resigned 21 April 2023} J A Collièr Dr R J G Bloomer H J Yarlett A E GTice T J Mulroy J F Bingharn R E Russum J J Mason (died 26 FebTU8ry 20241 M J Ridsdale A L Ogley lappoinled 21 April 20231 Law Clerk.. Mrs F Shinner Secfelary: J M Bloomer Structure, Govemanea and Management The gov6ming instNment ol th8 Charity is a scheme of the Charity Commissioners dated 14 May 1970 as amended by a scheme datèd 20 November 2017. The Charity is constituted by a Deed ol Trust, this covers recTuilmenl of trustees amongst other thing5. On appointment, new Iru51ees are provided with induction training in relation lo their duties and responsibilities for the Charity. Alms and Activilies The Charity's objectives are for the relief ol aged and poor inhabilanls of the Metropolitan Borough of Rothèrham and any charitable purpos6s for the general benefit of the said inhabitants. The Charity also seeks to sUprt educational achievement through academi¢ and apprenticeship awards for students and trainee5 in Rolherham and enoour8ges newty qualified te8¢hérs to take up posts in the Borough's primary schoo15. The Charfty continued in the management of invèstments to generdle inwmè and capital growth for the funds d8tailed below to allow the furtherance of the charity's objectwe5. During the year, the Tnjsteés sought lo actively rais8 funds through a variety of a¢lNities including holding a fund- raisin9 dinner and a golf competition day And participated in sèveral local events to raise the profile of the Charity and colle¢t donations from tho public. The year has been successfu1 and some of the a¢tivib"es will be repeated ir5 the future. General Fund The Feoffees approved and made small monetary gifts lo persons qualifying by age and need in ac¢ord8nce with the main aims of the Charity. Trustees also worked wlh a local charity supporting homeless people in the town, including a donation in support of educational work to help people to back to self-sufficiency.
THE COMMON LANDS OF ROTHERHAM TRUSTEES, REPORT- Contlnuod FOR THE YEAR ENDED 31 DECEMBER 2023 The Charity continued lo promote the website in 2023 and continues lo seek donations from business and individuals through a supporters. programme Business donors are recognised through a suprKJrters' page with promotional links lo their own websites, and individual donors a recognised through the 'How you can help, web page. The General ftjnd continues lo beaT the administrative costs ol the Charity. Foundation Fund - r8strict&d Distributions from the Foundation Fund are restricted to the slud8nts and activities of Thomas Rotherham College in accordance with the requirements of the former Thomas Rolherham Colloge Endowment Foundation Fund, (previously the Rolherham Grammar School Foundation Fund) which was transferred to the Charity in 2013.Thomas Rotherham Colle9e converted lo an Acadèmy in 2017, but the Foundation Fund continues lo support Rothetham students including those at Thomas Rotherham Gollege. Applications are invited from Rothe¥ham students at any Rotherham stxth form for the two scholarships currently awarded, with awards being made In re¢ognition of academic excellence 8t 'A' level where the student has gained a university place to study their chosen subjed. Thè Feoffees Scholarship is awarded for studies in English, Foreign Languages or History. and the Harokl Bridges Scholarship is awarded for studies in Malh8mali¢s, Physics, Chemistry or Engineering. The Feoffees are saddened that no applications were made for either award in 2023 despite significant efforts lo generate intarest from the Sixth Forms in the Borough and will continue lo promote and publicise the awards for the 2024 University applicants. Rudston Prèparatory School Fund- r•$trlcted The Rudston Preparatory School Fund was established through a gift from the Trustees following the closure of Rudston Preparatory School iri Rotherham in 2015. The fund has been established in support of education in the town to grant bursary payments over three years to newly qualified primary school teachers working in Rotherham. The Feoffees, Education Comrnittee continue to work with Sheffield Hallam University to identify newly graduating teachers taking up positions in Rotherham primary schools. Interest continues lo be strong. with the award being made to a newly qualified teacher wolking at a school in the north ol the Borough. The Trustsgs r8quesl a report from the recipienis al the end of the first and se¢ond years of leaching and have béen delighted with the enthusiasm of the recipients and way th&y have been able to develop their teaching skills with support from the bursary. Some continue to keep the Charity updated with their careers. which is highty apprèciated. Education Fund - deslgnated. The Education fund is a designated fund held within the General Fund. It contsnues lo be funded by donations for the Feoffees and related parties, with a share of income and gains from the General Fund. A further award has been made in the year continuing the collaboration between the Ch8rity and Rotherham College, and additional awards a being explored with other educational bodies. Rothetham Grammar School Old Boys, Assoclation Fund - restricted In 2022 the foundations were laid for a fund lo Great8 a scholarship in the name of Rotherh8m Grammar School Old Boys Association lo run in parallèl wth the Foundation Fund awards in a group of subjects not cuirently supported by those awards. The Feoffees continuo lo womote this fijnd, particularly through the Old Boys, Associalion itself. Publlc 8enefrt We have referred to the guidance contained in the ChBrity Commission's general guidance on publk benefit when reviewing our aims and obltiveS.
THE COMMON LANDS OF ROTHERHAM TRUSTEES, REPORT- Contlnued FOR THE YEAR ENDED 31 DECEMBER 2023 Aehièv8ments and Perfomian¢e The charity has continued to achieve ils pr¥mary airn of offering sypport to ihe elderfy and poor fNing withTn the Melropolilan Borough of Rolherham. The SuIts of the Charity in recent years f811 wthin the guidelines by the Charities Commission to ppare Receipts and Payments accounts. The reach continues lo widen wtth the increasing cooperation been the Charity and other charitable and educational organisalions within the town. The Feoffees aimed to raise their profile in the town through several public lacing events, seeking to encourage btslh donations to the Charity and increasing the number ol peopb who havè bèèn identified as potential recipients of thè Charity's gifts and awards. This has been SucsfUl through att8ndance of many community events during the year by fftany of the Feoffees in person. The Charity has been nominated as one of three Rotherham Mayoral Charrties for 202312024 and has been delighted to work with the Town Hall alongside other local charities. The Feoffees contsnug to operate through small committèès to support the Charity's objectives ix>lh in thè araas of Tevenuè and expenditure. The role of thè Managing Feoffee has enhanced the administrative function providing a overview for the Greave and Feoffees. The volatility of the financial markets continues to be of concern, but the investment income continues to provide sufficient fvnds for the requirements of the Charity on an annLJal basis. The FifiancÈ Committee continues to work with the Charity's stockbrokers boking for long-term growth opportunities whilst ensuiing the required income stream is maintained. Financial Review The Feoffees consider the financial position at the end of the year to be satisfactory in the current economic climate. Funds invested through the Charity's slockbrokefs have declined slightly in the year. but the portfolio continued lo generate sufficient income to cover the Charity's committed expenditure. Budgeted expenditure for 2024 is more than covered by the anticipated income for that year, and the Fèoffèès are actively reviewing potential avenues for increasing gxpèndiiure within the declared aims ol thè Charity. The Charity rel9 largely upon incomè gènèrated by the invested funds lo meet th& lèvèl of committed expenditure of each fund. Sufficient cash reserves are held to cover the ¢ommitted expenditure for the scholarship. bursary and apprentices, awards togeiher with the anti¢ipated running costs and other charitab* donations in the coming year. Other charitable payments may be made with reference lo accumulated income and reserves, together with the new income streams being actively pursued. Where all commitments can be satisfied from the c85h reserves, after approval by the Feoffees in General Meeting, any available surplus is transferred to the investment portfolio lo generate further income. Al the and of the finanaal year. the Chanty held cash reserves of £51.860 8nd cash of £28,019 was retained on the investment portfolio prior to reinvestment. The investment portfolio was valued at £501,844. comprising general and restricted funds. Each fijnd continues to generate sufficient funds to cover the committed expenditure, with the General Fund able lo offer 5UPFX)rt should any potential shortfall be i¢Jerrtffjed. The Charity E fully able to continue as a going concern and no funds are in deficit. Approved on beholf of the Feoffees by: Trustee
THE COMMON LANDS OF ROTHERHAM RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2023 Currént y8ar 2023 Unre5trictsd fvnds G•n8ral Designated Restricted Total Funds Funds 2023 Receipts Investment income Income trom fundraising events Gift aid specffjc donations Gift aid received Supporter subscriptions General donations Bank deposit interest Arnazon smi 11.073.96 16,408.00 144.00 2,066.83 800.00 1,475.10 148.37 20.28 32,136.54 1,689.69 6,258.96 19,022.61 16,408.00 1,684.00 3,353.83 800.00 1,875.10 237.79 20.28 43,401.61 900.00 690.75 640.00 596.25 400.00 22.33 67.09 3,702,77 7.562.30 Asset and Investrnent salès 136,691.85 2Q,422.45 77.172.03 234,286.33 Total Income 168 828.39 24 125.22 277 687.94 Payments Secrgtsrial and general adrninislration Fundraising expenses Postsgè, stationery and sundries Websrte Promob"onal items AccoLJniancy and aud(( fees Christmas gTanls Idolesl Donations to local causes Donation to Minister for hosting doles Scholarships paid 2,500.00 3.947.51 163,.12 85.04 487.57 1,098.00 3,650.00 1,620.00 100.00 2,500.00 3,947.51 163.12 85.04 487.57 1,098.00 3,650.00 1,620.00 100.00 3,250.00 16,901.24 750.00 750.00 2 500.00 2,500.00 13,651.24 Assgt and investment purchase5 Portfolio managem¢nt fèès 119,164.35 2 143.16 17.932.35 322.52 67,339.70 1211.10 204,436.40 3 676.78 Totsl paymonts 134,958.75 19,004.87 71,050.80 225,014.42 Net of re¢elptsllpayments} 33,869.64 5,120.35 13,683.53 52,673.52 Cash funds last y•ar Transf¥r Dèslgnat8d fvnd surplus 21,303.71 5,120.35 6,192.01 27,495.72 15,120.351 Cash fund$ thls yèar 60,293.70 19.875.54 80,169.24
THE COMMON LANDS OF ROTHERHAM RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2023 Comparativ• year 2022 Unr•stricted funds General Designated T¢tslfvnds 2022 Restrictèd funds R¢eÈipts Investrnenl in¢ome Specifi¢ Donations and Gift Am Grfk aid receiv Supporter subscriptions General Donations Bank deposrt interest Amazon smile 10,533.19 257.00 1,535.09 1,250.00 5,889.57 2,285.00 17.957.85 3,792.00 750 IJO 816.25 43.56 21.16 12.421.16 200 00 450.00 6.35 950.00 2,266.25 71.01 21.16 25.058.27 I,OOfl.00 21.10 3,441.44 9,195.67 Asset and investmènt sal•s 5,471.53 32,1W6.32 97.477.85 Total Income 77.892.69 3,441.44 41.20199 122,536.12 Paymants Secretarial and general adMinistratn Postage, statjonery and 5undries Website Chrislrnas cards AccoLJntancy and audit fees Chrislrnas grants Idolesl Donation to Minister for hosting doles Scholarships paid 2,500.00 160.47 85.04 2,500.00 160.47 85.04 1,044.00 3,550.00 100.00 1,044.00 3,550.00 100.00 6,000.00 1,$00.00 4,500.00 7,439.51 1.$00.00 4,500.00 13,439.51 Asset and Inv&stment purchases Portfolio management fees 79,516.26 1,946.51 38.773.31 947.40 118.289.57 2,893.91 Totsl paym•nts 88,902.28 1.500.00 44,220.71 134,622.99 Net of r&¢eiptsllpaym8nts) 111,099.591 1.941.44 13,018.721 112.086.871 Cash funds last yèar Irèstatsdl Tran$f•r D•slgnated fund surplus 30,371.86 1,941.44 9,210.73 39,582.59 1,941.441 Cash funds this year 21,303.71 6,192.01 27,495.72
THE COMMON LANDS OF ROTHERHAM STATEMENT OF ASSETS AND LIABILITIES AS AT 31 DECEMBER 2023 Staternent of assets Current Year 2023 Unrestricted funds Restricted funds Total Fund$ 2023 Cash funds Cash al bank EFG Harris Allday- client deposit EFG Harris Allday- earnings account 51,860.25 20,717.82 194.58 51,860.25 28,018.99 290.00 7,301.17 95.42 72,772.65 7,396.59 80,169.24 Investments Invesknents M.V. at 31 December 2023 General fund Foundation fvnd 336,541.24 336,541.24 165,303.66 165,303.66 336,541.24 165,303.66 501,844.90 Ass•ts r•taln•d for the charity's ovm use Office regalia Total assets 409,313.89 172,700.25 582,014.14 Comparatlvè Yoar 2022 Unrestrlet•d funds Rèstriet•d funds Total Funds 2022 Cash funds Cash al bank Harris Allday- client deposit HaThis AITday- eamings account 17,948.98 3.004.87 349.86 7,407.10 11.384.701 169.61 25,356.08 1,620.17 519.47 21,303.71 6,192.01 27,495.72 Investments Invèstments M.V. at 31 December 2022 General fund Foundation fund 341,432.86 341.432.86 167.705.13 167.705.13 341,432.86 167.705.13 509.137.99 Assèts retaln8d for the charity's own use Office regalia Total assets 362,736.57 173.897.14 536,633.71
THE COMMON LANDS OF ROTHERHAM STATEMENT OF ASSETS AND LIABILITIES AS AT 31 DECEMBER 2023 2023 2022 Reprettd by: Foundation fund Rudston fund Education fund RGSOBA General fund- Capital Income 122,837.76 58,807.11 52,056.72 3,533.51 242,712.88 102,066 16 582,014.14 114,739.07 56.868.53 47,447.81 2,289 54 231.707.90 83,580.86 536,633.71 Approvèd by the Trustees on and slgned on thelr behalf by- Gr•av• Little Grèav•
THE COMMON LANDS OF ROTHERHAM INDEPENDENT EXAMINER'S REPORT TO THE FEOFFEES OF THE COMMON LANDS OF ROTHERHAM I report on the financial statements of The Common Lands of Rotherham for the year ended 31 Decèmbèr 2023 (Registert charity number 2230501, which are sel out on pages 3 to 4. Respective responsibllitl•s of trustees, and the examiner The Charity's trustees are responsible for the preparation Df the accounts. The Charty's trustees consider that an audit is not requir for this year under section 144121 ol the Charits"es Act 2011 Ith8 2011 Act) and that an indepèndent examination has been requested by the Chanty. 11 ¢s my responsibility to.. examine the accounts untler section 145 of the 2011 Act, to follow the procedures laid down in the general Directions given by the Charity Commission lunder sèction 14515llbl of the 2011 Act, and lo state whether particular mattgrs have come lo my attention. Basis of ind8pendent examinerfs report My examination was carried out in accordance with general Directions given by the Charity Commission. An 8xaTllinalion includes a review of the accounting record5 kapt by thè charity and a comparison of the accounts presented with those records. It 81$0 includès consideration of any unusual items or disclosures in Ihtr a¢¢ounts and seeking explanations from the trustees conceming any su¢h matters. Thè procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a'l and f8irf view, and the feport is limifed to those matters set out in the ststèmènt below. Indèp8nd8nt Examiner's Statement Your attents.on is drawn lo the fact that the charity has prepared the accounts in accordance wth Accounting and Reporting by Charities preparing their accounts in accordance wlh the Financial Reporting Standard applicable in th8 UK and Republic of Ireland IFRS 1021 in prèfèrence to the Accounting and Reporting by Charities.. Slalement of Recommended Pra¢tic8 issued on 1 April 2005 which is referred to in the extant regulations but has since been withdrawn. l urKleTSland that this has been done in order for the accounts to provide a tru8 and fair view in accordance wth the Generally Accepted Accountiry Practice. In conneth.on with my examination, no matter has come to my attention.. which gives me reasonable Cause to believe that, in any material resp&¢t, the requirements to keep accounting records in accordance with Section 130 of the 2011 Act., and lo prepare accounts which accord with the accounting records and lo wmply wlh the accountin9 requirements of the 2011 Act. Have not b88n met., or 2. to which, in my opinion. attents'on should be drawn in order lo enable a proper understsnding of thg accounts lo b r8ached nagh F Hart Shaw LLP Chartered Accountants and Registered Audttors Sheffield Business P4rk Epa Llnk Sheffseld S9 1XU Signed Dated loly
THE COMMON LANDS OF ROTHERHAM TRUSTEES. INFORMATION FOR THE YEAR ENDED 31 DECEM8ER 2023 Bonofa¢tors Listed below are the principal Benefactors of thè Charity known as The Common Lands of Rothèrham. The Feoffees arè awarè that as the Charity has been in existence for well over 400 years, it is not a Complete list bul one which, in order to obtain simpliThly and a cohesive overall representation of the Charity's aclivilies, covèrs those known Benefactors whose generosity is included within the Charity's existing portfolio of inveslmenl5. C. H. Moss Bequest Williarn Gill Bequest Harrop Trust Fund Miss E. K. Hafrop Deceased Frederick Kramer Bequest Frèdèrick William Stephenson Bequest Col. Sir C. J. Sloddart Bequest Robert Bentley Trust- 1850 Ald. John Dickinson Trust Henry Purshouse Tnjst Mrs E. B. Purshouse Trust Henry Mason Trust P. Badger Trust D8vid H. Fellows Bequest J. H. Dickinson Trust Garrison Bequest Cowlishaw Bequest John Aldred's Gift- 1846 Thomas Badger's Gift Miss Margaret Raby's Bequest- 1880 John Kay's Gift- 1789 Robert Tunnicliffe- 1782 Robert Heppenslall's Gift- 1812 Thomas Bagshaw's Bèquest- 1842 Thomas Dickinson's Gift- 1640 Henry Foljambe- 1699 Edward Bellamy's Gift- 1776 John Cutforth's Gift- 1779 Wooliscroft's 8equest Mrs M. Thorpe-2006 Mr5 M Cook-2017 Rudston Preparatory School Tfust Ltd- 2017 In 2017, the Charity received 8 sum from Rudslon Preparatory School Trust Limitèd, being the residue of funds prior lo ils closurè. Within their fun is the sum of £2,155.50 in deposits which were repaid to parents of pupils, but the cheques remain uncashed and are now out of date. The Fooffees have und9rtaken lo satisfy those repayments il claimed within the slalutory period.
THE COMMON LANDS OF ROTHERHAM TRUSTEES, INFORMATION FOR THE YEAR ENDED 31 DECEMBER 2023 2023 2022 Dole distribLrti¢n$ Stephenson Bequest l DistribLJtK>n of £15 15 15 Ald. John Dickinson 3 Distributions of £12 36 Henry Purshouse 5 Distributions of £12 60 Robert Benlltry Trust 7 Distributions of £8 56 Bagshaw's Bequest 6 Distributions ol Sop Badgerfs Bequest 20 Distributions of 25p WoolisGroft Bequest 12 Distributions of Iop 176 3,474 176 3.374 General Distributions 3,650 3,550 Detalls of donations to indivlduals. Indkvidual donations were made to Rotherham fesidenls at the Annual DO Distribution. Trustees. Temunerntion and èxpanses, No Trustees were remtJn$rated during the year. No personal expensès were repaid to the Trustees during the yèar. 10
THE COMMON LANDS OF ROTHERHAM TRUSTEES. INFORMATION FOR THE YEAR ENDED 31 DECEMBER 2023 2023 2022 5. Office regalia Cost brought forward Less.. Dèpreciation brought forward char for the year 477.00 477.00 477.00 471.00 6.00 1477.001 1477.001 6. Capltal funds Unrnstrlcted funds Capital account 8alance brought forward 231.70T.90 287,689.70 Gain Illossl on revaluation of investment portfolio Gainllk)ssI on sale of investments Portfolio management fees 8,261.45 4,886.69 12.143.161 162,897.941 8,862.65 11,946.511 Balance carried loard 242,712.88 231,707.90 Income account Balance brought forward Nel surplus of general income for the yéar Movement in non-cash items.. 83.580.86 18.485.30 78,605.21 4,981.65 Depreciation 16.001 Balance carried fo81 102,066.16 83,580.86 Total unrestrlctad g•n•ral fund 344,779.04 315,288.76
THE COMMON LANDS OF ROTHERHAM TRUSTEES. INFORMATION FOR THE YEAR ENDED 31 DECEMBER 2023 2023 2022 Total unr•stricted general fund 344,779.04 315,288.76 Designated fund Edueatlon fund Balance brought forward Al 1 January 2023 Donations & Gift in the year AppnticeShlp awards 47,447.81 53,383.12 1,990.75 1750.001 1,900.00 11.500.001 Gainlllossl on revaluats'on of Investment Portfolio Gainlllossl on sale of investments Share Df investment income & interest PorttolK) management lees 1,243.26 19,166.621 735.40 1,712.02 1322.521 1,289.87 1.541.44 Total unrestri¢ted d8slgnat•d fund 52.056.72 47,447.81 Balance on unrestricted capltal fund$ at 31 December 2023 396,835.76 362,736.57 12
THE COMMON LANDS OF ROTHERHAM TRUSTEES. INFORMATION FOR THE YEAR ENDED 31 DECEMBER 2023 2023 Unrestrfeted capital funds at 31 December 2023 396,835.76 R¢$trict•d funds 2023 Foundation fund Rudslon fund RGSOBA Balance brought fotward Gainlllossl on Tevalualion of market value- portfolio Nel gainlllossl on sale of investments Share of portfdio management 114,739.07 56,868.53 2,289.54 3,010.64 1,657.92 1.780.81 980.67 1781.011 1430.091 Net increaselldeficill in general income for the year 4.088.25 1269.921 1,243.97 122,837.76 58,807.11 3,533.51 Balance on restricted ¢apFtal funds 2023 185,178,38 Total capital funds 582,014.14 2022 Comparativ• Year 2022 Unrestricted capitsl fvnd$ at 31 L7ecember 2022 362,736.57 Restricted funds Foundation fund Rudston fund RGSOBA Balance brought fOard Gainflbssl on revaluation of market value- portfolio Net gainlllos51 on sale of investments Share of portfolio rnanagemenl fees Net intaSe/{derICltI general Income for the year 132,082.11 68,027.87 122,776.871 112,158.101 3,214.45 1,759.41 1615.631 1331.771 2,835.01 114,739.07 428.88) 56.868.53 2,289.54 2.289.54 Balan¢È on restrlcted capltal funds 173,897.14 Total eapltal funds 536,633.71 13