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|Contents|||Page|
|---|---|---|---|
|Trustees and officers||||
|Trustees'|report||2 —5|
|Statement|oftrustees'|responsibilities||
|Independent<br>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|





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|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<br>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<br>-Charitable<br>activities<br>- Other|20,579<br>372,899<br>15,120||21,928<br>56,235|42,507<br>429,134<br>15,120|41,330<br>397,345<br>14,360|
|Total expenditure|408,598||78,163|486,761|453,035|
|Net income/(expenditure)<br>before investment|7,367|1,121|226,837|235,325|24,133|
|gains/(losses)||||||
|Transfer between funds|10,004||(10,004)|||
|- Net (losses)/gains<br>on investments<br>-Gains on investment|(14,229)||(221,246)<br>124,500|(235,475)<br>124,500|674,681|
|properties||||||
|Net income/(expenditure)|3,142|1,121|120,087|124,350|698,814|
|Other recognised (losses)||||||
|-(Loss) on revaluation<br>of<br>tangible fixed assets|||||(66,500)|
|Net movement<br>in funds|3,142|1,121|120,087|124,350|632,314|
|Reconciliation<br>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|





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






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||||2020|2019|
|---|---|---|---|---|
|||Note|6|6|
|Net cash flow from operating|activities|11|(50,589)|24,200|
|Cash flow from investing<br>activities|||||
|Payments<br>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<br>activities|||||
|Endowment<br>fund receipt|||||
|Net cash flow from financing|activities||||
|Net (decrease) in cash and cash equivalents|||(27,908)|(126,657)|
|Cash and cash equivalents<br>at|1January||125,438|252,095|
|Cash and cash equivalents<br>at|31 December||97,530|125,438|





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





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|Freehold int|erest<br>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|



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|||Market|||||Market|
|---|---|---|---|---|---|---|---|
|||value at||||Change<br>in|value at|
|||beginning|Additions|Disposal|Realised|market|end of|
|||of year|at cost<br>f.|proceedsf|(losses)|valuef|yearf|
|Endowment<br>Income fund|fund|6,051,596<br>360,063|829,498|(852,057)|(302,994)|81,748<br>(14,229)|5,807,791<br>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|





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|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<br>Other debtors|||2,983<br>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<br>Accruals<br>Rents<br>in advance|||1,718<br>51,177<br>22,306|14,981<br>23,881<br>29,069|
|||||75,201|67,931|





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|Endowment<br>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<br>Transfer (see note 9)|||(69,925)<br>(10,004)|(7,981)|(257)|(78,163)<br>(10,004)|
|Movements<br>during the year|||||||
|Realised losses on quoted|||(175,446)|(124,124)|(3,424)|(302,994)|
|investments|||||||
|Unrealised<br>gains|on||50,150|30,619|979|81,748|
|quoted investments|||||||
|Unrealised<br>gain on||||124,500||124,500|
|Investment<br>properties|||||||
|Balance at end ofyear|||5,003,777|3,566,315|752,295|9,322,387|
|Represented<br>by:|||||||
|Investment<br>properties|||1,000,000|1,474,510||2,474,510|
|Quoted<br>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<br>funds|||(13,686)|(7,978)|(257)|(21,921)|
|Movements<br>during the||year|||||
|Realised gain on quoted|||10,033|6,326|188|16,547|
|investments|||||||
|Unrealised<br>gain on|||395,998|230,855|7,428|634,281|
|quoted investments|||||||
|Unrealised<br>loss on|||||(66,500)|(66,500)|
|tangible<br>fixed assets|||||||
|Balance at end ofyear|||4,904,002|3,543,301|754,997|9,202,300|
|Represented<br>by:|||||||
|Investment<br>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|





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



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





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||||||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)<br>Unrealised<br>(loss) on investments||||10,004<br>~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 <br>Creditors||deposit||30,592<br>~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<br>during the year|||||||
|Net income <br>Unrealised||/ (expenditure)<br>forthe year<br>gain on investments||48,703<br>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 <br>Creditors|and on|deposit||(2,507)<br>(67,931)|20,500|9,976|
|||||339,957|20,500|9,976|



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





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





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