2020-12-31-accounts - Sheffield Town Trust

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Contents			Page
Trustees and officers
Trustees'	report		2 —5
Statement	oftrustees'	responsibilities
Independent auditors'		report	7 —9
Accounting	policies		10—11
Statement	offinancial	activities	12
Balance sheet			13
Statement	of Cash Flows		14
Notes to the financial		statements	15—22
Appendix	1 —Grants		23-25

Fh
orte year ended 31 Decem	er 2020				As restated
	Income	Funds	Endowment	2020	2019
Note	Unrestricted	Special	funds	Total	Total
				Funds	funds
				6
Income
-Legacies received
- Donations	105,288			105,288	78,800
-Other income			305,000	305,000
-Rents receivable less	97,076			97,076	138,816
outgoings
- Investment income	213,479	1,121		214,600	258,674
-Interest receivable	122			122	878
Total income	415,965	1,121	305,000	722,086	477,168
Expenditure
-Raising funds -Charitable activities - Other	20,579 372,899 15,120		21,928 56,235	42,507 429,134 15,120	41,330 397,345 14,360
Total expenditure	408,598		78,163	486,761	453,035
Net income/(expenditure) before investment	7,367	1,121	226,837	235,325	24,133
gains/(losses)
Transfer between funds	10,004		(10,004)
- Net (losses)/gains on investments -Gains on investment	(14,229)		(221,246) 124,500	(235,475) 124,500	674,681
properties
Net income/(expenditure)	3,142	1,121	120,087	124,350	698,814
Other recognised (losses)
-(Loss) on revaluation of tangible fixed assets					(66,500)
Net movement in funds	3,142	1,121	120,087	124,350	632,314
Reconciliation offunds
Total funds brought forward	339,957	30,476	9,202,300	9,572,733	8,940,419
Total funds carried forward	343,099	31,597	9,322,387	9,697,083	9,572,733

Balance sheet as a	t 31	Decem
					As restated
			Note	2020	2019
Assets ofendowment	funds				8
Investment properties Quoted investments Debtors				2,474,510 5,807,791 305,000	2,350,010 6,051,596
Cash at bank and on deposit				35,341	97,469
Creditors				(3,480)
				8,619,162	8,499,075
Tangible fixed assets				703,225	703,225
Net assets ofincome	funds			9,322,387	9,202,300
Quoted investments Debtors Cash at bank and on deposit Creditors				345,834 38,394 62,189 (71,721)	360,063 50,332 27,969 (67,931)
				374,636	376 433
Total net assets				9,697,083	9,572,733
Endowment funds
Permanent estate Non-Permanent estate Special funds				5,003,777 3,566,315 752,295	4,904,002 3,543,301 754,997
				9,322,387	9,202,300
Income funds
Unrestricted income funds Special funds —accumulated		income		343,099	339,957
Charles Henry Maleham Bequest Harry Fisher Botanical Gardens Fund				21,021 10,576	20,500 9,976
				374,696	370,433
				9,697,083	9,572,733

			2020	2019
		Note	6	6
Net cash flow from operating	activities	11	(50,589)	24,200
Cash flow from investing activities
Payments to acquire investments			(829,498)	(390,554)
Receipts from sales of investments			852,057	238,819
Interest received			122	878
Net cash flow from investing	activities		22,681	(150,857)
Cash flow from financing activities
Endowment fund receipt
Net cash flow from financing	activities
Net (decrease) in cash and cash equivalents			(27,908)	(126,657)
Cash and cash equivalents at	1January		125,438	252,095
Cash and cash equivalents at	31 December		97,530	125,438

Expenditure
Raising funds				2020	2019
				6	6
Investment management	fees			32,892	32,882
Property management costs				9,615	8,448
				42,507	41,330
Allocated:
Unrestricted income funds Endowment funds				20,579 21,928	19,409 21,921
				42,507	41,330
Charitable activities
Grants paid
Annually recurring grants Non-recurring grants Cathedral company ofchangeringers				91,100 220,087 750	93,400 246,670 750
Sheffield Royal Society for		the Blind		218	981
				312,155	341,801
Supportcosts
Costs ofprocessing grants:
-Law clerk's fees - Printing and stationery				33,131 1,623	15,150 3,061
Other support costs:
- Law clerk's fees -Other legal fees -Miscellaneous				10,800 67,374 4,051	15,150 16,344 5,839
				116,979	55,544
				429,134	397,345
Details of individual grants		paid are given	in Appendix 1.
Other
Auditor's fees for audit services Auditor's fees for non-audit services				6,400 8,720	6,300 8,060
				15,120	14,360

Freehold int	erest in land and buildings:
		Market	Historical
		valuef	costf
At beginning	ofyear	2,350,010	239,267
Revaluation		124,500
At end ofyear		2,474,510	239,267

		Market					Market
		value at				Change in	value at
		beginning	Additions	Disposal	Realised	market	end of
		of year	at cost f.	proceedsf	(losses)	valuef	yearf
Endowment Income fund	fund	6,051,596 360,063	829,498	(852,057)	(302,994)	81,748 (14,229)	5,807,791 345,834
		6,411,659	829,498	(852,057)	(302,994)	67,519	6,153,625
Quoted investments		are invested as follows:
						2020f	2019f
Investments	in the UK					3,156,294	3,636,350
Investments	outside	the UK				2,997,331	2,775,309
						6,153,625	6,411,659

Sheffield Town Trust	Sheffield Town Trust
Notes tothe financial statements		(continued)			As restated
6.	Debtors			2020	2019
				E
	Rents receivable			35,411	47,130
	P repayments Other debtors			2,983 305,000	3,202
				343,394	50,332
	Debtors include 6305,000(2019:Foil) relating to endowment		funds.
7.	Creditors			2020	2019
				F	F
	Grants payable Accruals Rents in advance			1,718 51,177 22,306	14,981 23,881 29,069
				75,201	67,931

Endowment funds
				Non
2020			Permanent	Permanent	Special
			Estate	Estate	Funds	Total
				F	E
Balance at beginning		ofyear	4,904,002	3,543,301	754,997	9,202,300
Income			305,000			305,000
Expenditure Transfer (see note 9)			(69,925) (10,004)	(7,981)	(257)	(78,163) (10,004)
Movements during the year
Realised losses on quoted			(175,446)	(124,124)	(3,424)	(302,994)
investments
Unrealised gains	on		50,150	30,619	979	81,748
quoted investments
Unrealised gain on				124,500		124,500
Investment properties
Balance at end ofyear			5,003,777	3,566,315	752,295	9,322,387
Represented by:
Investment properties			1,000,000	1,474,510		2,474,510
Quoted investments			3,562,949	2,175,306	69,536	5,807,791
Debtors			305,000			305,000
Cash at bank and on	deposit		119,583	(83,501)	(741)	35,341
Creditors			(3,480)			(3,480)
Tangible fixed assets			19,725		683,500	703,225
			5,003,777	3,566,315	752,295	9,322,387
				Non
2019			Permanent	Permanent	Special
			Estate	Estate	Funds	Total
				6	6	E
Balance at beginning	ofyear		4,511,657	3,314,098	814,138	8,639,893
Costs ofgenerating funds			(13,686)	(7,978)	(257)	(21,921)
Movements during the		year
Realised gain on quoted			10,033	6,326	188	16,547
investments
Unrealised gain on			395,998	230,855	7,428	634,281
quoted investments
Unrealised loss on					(66,500)	(66,500)
tangible fixed assets
Balance at end ofyear			4,904,002	3,543,301	754,997	9,202,300
Represented by:
Investment properties			1,000,000	1,350,010		2,350,010
Quoted investments			3,712,430	2,266,250	72,916	6,051,596
Cash at bank and on deposit			171,847	(72,959)	(1,419)	97,469
Tangible fixed assets			19,725		683,500	703,225
			4,904,002	3,543,301	754,997	9,202,300

Non-Permanent Estate includes the following beque	sts:
	Date and amount	of original bequestf
Sheffield Female Refuge Society Bequest Elizabeth Bramall Bequest Sheffield Boys' Working Home Fund James Edward Sutton Bequest Miss Edith Bedford Bequest JC and E M Wood Fund William Ellis Bequest Mrs G M Watts-Jones S M de Bartolome Florrie Tomlinson Bequest G FYoung	1920 1935 1950 1950 1967 1979 1985 1999 2002 2003 2004	2,400 9,000 10,500 2,100 1,683 38,000 22,722 2,000 10,000 11,177 25,000
A H Connell Wood and Parker Trust E M Wood Fund Mrs F M Craven C L Lewis HJAltman D G &G FYoung Trust Fund Mrs J M Willis Miss JA Connell TJ Lodge F E Mountain Mrs N Saynor	2005 2006 2006 2009 2011 2013 2013 2013 2014 2014 2014 2018	5,000 19,114 71,554 1,000 148,789 6,556 110,809 89,648 32,080 172,073 93,186 11,207


Special funds compris	e:		2020	2019
			6	6
Harry Fisher Botanical Charles Henry Maleham	Gardens Fund Bequest	1930 1939	13,445 699,006	14,019 699,675
Daniel Holy's Bequest		1870	39,844	41,303
			752,295	754,997

				on S	pecial Funds
2020					Harry
				Charles	Fisher
			Unrestricted	Henry	Botanical
			Income	Maleham	Gardens
			Funds	Bequest	Fund
				6	F
Balance at beginning		of year	339,957	20,500	9,976
Movements	during the year
Net income for the year			7,367	521	600
Transfer (see below) Unrealised (loss) on investments			10,004 ~14,229
Balance at end ofyear			343,099	21,021	10,576
Represented	by:
Investments			345,834
Debtors			38,394
Cash at bank and on Creditors		deposit	30,592 ~71.727	21,021	10,576
			343,099	21,021	10,576
2019					Hany
				Charles	Fisher
			Unrestricted	Henry	Botanical
			Income	Maleham	Gardens
			Funds	Bequest	Fund
			6	F	E
Balance at beginning		ofyear	267,401	19,872	13,253
Movements during the year
Net income Unrealised		/ (expenditure) forthe year gain on investments	48,703 23853	628	(3,277)
Balance at end ofyear			339,957	20,500	9,976
Represented	by:
Investments			360,063
Debtors			50,332
Cash at bank Creditors	and on	deposit	(2,507) (67,931)	20,500	9,976
			339,957	20,500	9,976

Age UK Sheffield Alzheimer's Society Asperger's Children and Carers Together Boys and Girls Clubs South Yorkshire BUZZ Child Contact Centre Care in Crosspool Cathedral Archer Project Cavendish Cancer Care CRESST Cruse Bereavement Care Datic Trust (Galeed House) Disability Sheffield Centre For Independent Sheffield Live at Home FareShare Yorkshire Friends ofWhinfell Quarry Garden Golddigger Trust Happy Outings	(ACCT) Living		4,250 4,000 2,500 5,500 2,500 2,100 4,000 3,500 2,500 2,300 2,250 2,350 2,100 2,250 1,000 2,000 800
interchange Sheffield CIC Listening Books Multiple Sclerosis Therapy Centre React Share Psychotherapy Sheffield Disabled Fishing Group Sheffield Dial-A-Ride Sheffield Family Holiday Fund Sheffield MIND St Mary's Community Centre StWilfrid's Centre SVP Furniture Store The Ethel Trust The Wildlife Trusts Voluntary Action (Sheffield) Whirlow Hall Farm Trust Youth Association ofSouth Yorkshire Inc Wybourn		Youth Trust	2,000 2,000 2,000 2,500 2,500 1,000 1,600 2,000 3,500 2,500 4,000 2,500 1,500 2,500 9,000 3,000 3,400
			93,400
Cheque not cashed —Cruse Bereavement	Care		(2,300)
			91,100

50+Contemporary Dance Sheffield 61st Sheffield Scouts	50+Contemporary Dance Sheffield 61st Sheffield Scouts			2,000 2,500
Action Tutoring African Voices Plafform				3,000 2,000
Age UK Sheffield Baby Basics Ben's Centre For Vulnerable People Blend Kitchen Bolsterstone Archaeology and Heritage Group				5,000 7,000 2,078 8,000 2,000
Brightside Nursery Infant School				2,899
British Wireless For The Blind Fund				900
Building Bonds Project Burton Street Foundation				3,500 2,500
Carfield Friends Cavendish Care Centre				1,300 5,000
Chula City Of Sheffield Diving Club Crystal Peaks Church Element Society Emmaus Sheffield Forced Entertainment Friends of Chapeltown Park				1,300 3,000 3,000 1,500 4,000 5,000 500
Friends of Grenoside Steel Works Friends of Nether Edge Primary and Nursery			School	2,730 3,000
Greenhill Methodist Church				5,000
Greenhill Methodist Church Heeley City Farm				5,000 3,500
Help Us Help				5,000
Help Us Help				2,000
Help Us Help				1,500
Hillsborough Arena Sports Association				2,000
Hope City Foundation				2,000
International Documentary Festival Lower Meadow Primary Academy	Sheffield			1,500 2,500
Manor Community Childcare Centre Ltd				2,300
Manor Community Transport				3,000
Manor Lodge Community Primary Manor Training &Resource Centre	Nursery	School		3,000 2,500
Maya Productions				1,500
Meadowhead Christian Fellowship Mums In Need				5,000 2,500
Music In The Round				2,500
Normandy Veterans Sheffield & District Paces Sheffield				1,500 3,000
Carried forward				130,507