2021-12-31-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	ofCash Flows		14
Notes to the financial		statements	15—22
Appendix	1 —Grants		23 —25

Review ofactivities during 2021	Review ofactivities during 2021
The income arising on income funds was		8407,705, comprising			rents, investment	income, interest,		donations from
The Hospital of Gilbert, 8258,487 and investment	Earl of Shrewsbury at Sheffield management costs, governance			(Shrewsbury Hospital costs and support		Trust). Grants paid amounted to costs were f102,611 leaving net
income before gains and	losses on investment		assets off46,607on the income fund.
Grants were made up as	follows:
					2021				2020
			Number		6		Number		6
Annually recurring Grants			33		86,000		33		91,100
Non Recurding Grants			66		170,890		73		220,087
Cathedral Company ofChangeringers					750				750
Sheffield Royal Society for the Blind					847				218
					258,487				312,155

Forthe year ended 31D	ecem	ber 2021
						As restated
		Income	Funds	Endowment	2021	2020
	Note	Unrestricted	Special	funds	Total	Total
					Funds 6	fundsf
Income
-Legacies received				30,002	30,002
-Donations		79,560			79,560	105,288
—Other income						305,000
- Rents receivable less		70,710			70,710	97,076
outgoings
- Investment income		255,957	1,343		257,300	214,600
- Interest receivable		135			135	122
Total income		406,362	1,343	30,002	437,707	722,086
Expenditure
- Raising funds -Charitable activities —Other		12,563 330,355 18,180		25,189	37,752 330,355 18,180	42,507 429,134 15,120
Total expenditure		361,098		25,189	386,287	486,761
Net income before investment gains/(losses)		45,264	1,343	4,813	51,420	235,325
Transfer between funds
- Net gains / (losses) on investments		25,831		635,139	660,970	(235,475)
-Gain on investment						124,500
properties
Net income		71,095	1,343	639,952	712,390	124,350
Other recognised (losses)
- Net (losses) on revaluation tangible tixed assets	of			(77,334)	(77,334)
Net movement in funds		71,095	1,343	562,618	635,056	124,350
Reconciliation offunds
Total funds brought forward		343,099	31,597	9,778,054	10,152,750	10,028,400
Total funds carried forward		414,194	32,940	10,340,672	10,787,806	10,152,750

Balance sheet as a	t 31	Decem	ber 2021
						As
						restated
				Note	2021	2020
						6
Assets ofendowment	funds
Investment properties					2,050,010	2,474,510
Quoted investments					6,887,414	5,807,791
Debtors					25,000	305,000
Cash at bank and on deposit					296,690	35,341
Creditors						(3,480)
					9,259,114	8,619,162
Tangible fixed assets					1,081,558	1,158,892
Net assets of income	funds				10,340,672	9,778,054
Quoted investments					371,665	345,834
Debtors					75,576	38,394
Cash at bank and on deposit					190,055	62,189
Creditors					(190,162)	(71,721)
					447,134	374,696
Total net assets					10,787,806	10,152,750
Endowment funds
Permanent estate					5,380,503	5,003,777
Non-Permanent estate Special funds					3,843,928 1,116,241	3,566,315 1,207,962
					10,340,672	9,778,054
Income funds
Unrestricted income funds					414,194	343,099
Special funds —accumulated		income
Charles Henry Maleham		Bequest			21,645	21,021
Harry Fisher Botanical Gardens			Fund		11,295	10,576
					447,134	374,696
					10,787,806	10,152,750

	Note	2021 f	2020f
Net cash flow from operating activities	11	409,064	(50,589)
Cash flow from investing activities
Receipts from sales of tangible fixed assets		424,500
Payments to acquire investments Receipts from sales of investments Interest received		(741,056) 296,572 135	(829,498) 852,057 122
Net cash flow from investing activities		(19,849)	22,681
Net increase/(decrease) in cash and cash equivalents		389,215	(27,908)
Cash and cash equivalents at 1 January		97,530	125,438
Cash and cash equivalents at 31 December		486,745	97,530

Expenditure
Raising funds				2021	2020
				6
Investment management	fees			37,752	32,892
Property management costs					9,615
				37,752	42,507
Charitable activities
Grants paid
Annually recurring grants				86,000	91,100
Non-recurring grants				170,890	220,087
Cathedral company of changeringers				750	750
Sheffield Royal Society for		the Blind		847	218
				258487	312155
Support costs
Costs ofprocessing grants:
- Law clerk's fees				44,135	33,131
- Printing and stationery					1,623
Other support costs:
- Law clerk's fees				10,800	10,800
- Book-keeping services				300
-Other legal fees - Miscellaneous				12,978 3,655	67,374 4,051
				71,868	116,979
				330355	429 134
Details of individual grants		paid are given	in Appendix 1.
Other
Auditor's fees for audit services Auditor's fees for non-audit services				6,600 11,580	6,400 8,720
				18,180	15,120

Freehold int	erest in land and buildings:
		Market	Historical
		value	cost
		6
At beginning Disposal	ofyear	2,474,510 (424,500)	239,767 (40,159)
At end ofyear		2,050,010	199,608

			Market					Market
			value at				Change in	value at
			beginning	Additions	Disposal	Realised	market	end of
			ofyearf	at cost 6	proceedsf	gains E	value	year
Endowment Income fund		fund	5,807,791 345,834	741,056	(296,572)	16,203	618,936 25,831	6,887,414 371,665
			6,153,625	741,056	(296,572)	16,203	644,767	7,259,079
Quoted	investments		are invested as follows:
							2021	2020
							6	5
Investments Investments		in the UK outside the UK					3,781,594 3,477,485	3,156,294 2,997,331
							7,259,079	6,153,625

No	tes tothe financial statements (continued)
6.	Debtors		2021 F	2020f
	Rents receivable		50,236	35,411
	Prepayments Other debtors		1,520 48,820	2,983 305,000
			100,576	343,394
	Debtors include F25,000(2020:F305,000) relating to endowment	funds.
7.	Creditors		2021	2020
			E	F
	Grants payable		112,247	1,718
	Accruale Rents in advance		57,925 19,990	51,177 22,306
			190,162	75,201

No	tes tothe financial	statement	s (continued)
8.	Endowment funds
				Non
	2021		Permanent	Permanent	Special
			Estate	Estate	Funds 6	Totalf
	Balance at beginning	ofyear	5,003,777	3,566,315	1,207,962	9,778,054
	Income			30,002		30,002
	Expenditure		(14,711)	(10,205)	(273)	(25,189)
	Movements during the year
	Realised gain on	quoted	8,978	7,058	167	16,203
	investments
	Unrealised gains	on	361,459	250,758	6,719	618,936
	quoted investments
	Unrealised gain on		21,000		(98,334)	(77,334)
	Tangible fixed assets
	Balance at end ofyear		5,380,503	3,843,928	1,116,241	10,340,672
	Represented by:
	Investment properties		1,000,000	1,050,010		2,050,010
	Quoted investments		4,022,255	2,790,390	74,769	6,887,414
	Debtors			25,000		25,000
	Cash at bank and on	deposit	317,523	(21,472)	639	296,690
	Tangible fixed assets		40,725		1,040,833	1,081,558
			5,380,503	3,843,928	1,116,241	10,340,672
				Non
	2020 (as restated)		Permanent	Permanent	Special
			Estate	Estate	Funds	Total
			E	F	E	E
	Balance at beginning	of year	4,904,002	3,543,301	1,210,664	9,657,967
	Income		305,000			305,000
	Expenditure		(69,925)	(7,981)	(257)	(78,163)
	Transfer (see note 9)		(10,004)			(10,004)
	Movements during the year
	Realised losses quoted	on	(175,446)	(124,124)	(3,424)	(302,994)
	investments
	Unrealised gain	on	50,150	30,619	979	81,748
	quoted investments
	Unrealised gain	on		124,500		124,500
	investment properties
	Balance at end of year		5,003,777	3,566,315	1,207,962	9,778,054
	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		1,139,167	1,158,892
			5,003,777	3,566,315	1,207,962	9,778,054

Non-Permanent	Estate	includes the following beque	sts:
			Date and amount	oforiginal bequest
Sheffield Female	Refuge	Society Bequest	1920	2,400
Elizabeth Bramall	Bequest		1935	9,000
Sheffield Boys' Working		Home Fund	1950	10,500
James Edward Sutton Bequest			1950	2,100
Miss Edith Bedford Bequest JC and E M Wood Fund			1967 1979	1,683 38,000
William Ellis Bequest			1985	22,722
Mrs G M Watts-Jones S M de Bartolome			1999 2002	2,000 10,000
Florrie Tomlinson	Bequest		2003	11,177
G FYoung			2004	25,000
A H Connell			2005	5,000
Wood and Parker	Trust		2006	19,114
E M Wood Fund			2006	71,554
Mrs F M Craven			2009	1,000
C L Lewis			2011	148,789
HJAltman			2013	6,556
D G &G FYoung	Trust	Fund	2013	110,809
Mrs J M Willis			2013	89,648
Miss J A Connell			2014	32,080
TJ Lodge			2014	172,073
F E Mountain			2014	93,186
Mrs N Saynor			2018	11,209
Dr P Cooke			2021	5,000
Grace Thomas			2021	25,000

					As restated
Special funds comprise:				2021	2020
Harry Fisher Botanical	Gardens	Fund	1930	14,857	13,445
Charles Henry Maleham	Bequest		1939	1,058,009	1,154,673
Daniel Holy's Bequest			1870	43,375	39,844
				1,116,241	1,207,962


Income funds					Accumulated	income
					on Special Funds
2021						Harry
					Charles	Fisher
				Unrestricted	Henry	Botanical
				Income	Maleham	Gardens
				Fundsf	Bequest k	Fund
Balance at beginning			ofyear	343,099	21,021	10,576
Movements during		the year
Net income for the year				45,264	624	719
Unrealised	gain		on investments	25,831
Balance at end of		year		414,194	21,645	11,295
Represented	by:
Investments				371,665
Debtors				75,576
Cash at bank Creditors	and	on deposit		157,115 ~196,162	21,645	11,295
				414,194	21,645	11,295
2020						Harry
					Charles	Fisher
				Unrestricted	Henry	Botanical
				Income	Maleham	Gardens
				Fundsf	Bequestf	Fund
Balance at beginning			ofyear	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 deposit				30,592	21,021	10,576
Creditors				(71,721)
				343,099	21,021	10,576

Valuation	at	31	December	2020	(as	previously	previously	stated)	2683,500
Restatement		of	valuation						f455,667
Valuation	at	31	December	2020	and	brought	forward at 1 January 2021		E1,139,167

Age UK Sheffield				4,500
Asperger's Children and Carers Together				4,500
Aspire Community Enterprises			(Sheffield)	2,500
Assist (Shetfield)				3,000
Ben's Centre for Vulnerable		People		3,000
CRESST(Conflict Resolution			in Education)	2,000
Cavendish Cancer Care				3,000
DECSY (Development	Education Centre)			1,000
Disability Sheffield Centre				2,000
Emmaus Sheffield				3,000
FareShare Yorkshire				4,500
Green City Action				2,000
Greentop Community	Circus			1,500
Heeley City Farm				3,000
Libre Digital Free Tech Project				500
Listening Books MHA Communities S	Yorks &		Bassetlaw	1,500 2,500
Paces Sheffield				3,000
Park community Action				2,000
Parson Cross Community		Dev	Forum	2,500
Project Buzz Ltd				2,500
REACT				2,000
Roundabout Ltd				4,500
SYChaplaincy 8, Listening		Service		1,000
StVincent's Furniture	Store			4,500
St Wilfrid's Centre				4,500
Saffron Sheffield				2,000
Share Psychotherapy				2,500
StopGap				1,500
The Cathedral Archer	Project			4,500
The DATIC Trust				2,000
The Ethel Trust				2,500
The Suit Works				2,000
Voluntary Action (Sheffield)				2,500
Young Lives vs Cancer				2,000
				92,000
Prior year grants not	cashed
Alzheimer's Society				(4,000)
Interchange Sheffield	CIC			(2,000)
				86,000

14'"Sheffield (Grenoside)	14'"Sheffield (Grenoside)	Scouts	Scouts	Scouts
Abbeydale Park Bowling Club
ASSISTShefffeld
Bens Centre For Vulnerable				People	heffield) (S
Big Issue North
Brightside Nursery and	Infant			Schoo!
CADS South Yorkshire
Chapelgreen Community		Enterprise			Ltd
CLIC Sargent
Deafblind UK
Enable Sheffield
Family Voice Sheffield
Framework Housing
Free Tech Project
Friends of Ellesmere Park
Friends of Porter Valley
Friends ofZion Graveyard			Attercliffe
Golf In Society
Grimesthorpe Family Centre
Hope English School
Kidney Care UK
Lowedges Community Festival Group
MESH
Mosborough Methodist	Church
Mums in Need
Norton Woodseats Cricket			Club
Open Hands Project
Opera On I ocation
Opuslndependent
Oughtibridge PCC
Parson Cross Initiative
Reading Sheffield
Saffron Sheffield
Sharewear Clothing Scheme
Sheaf and Porter Rivers	Trust
Sheaf Poetry Festival
Sheffcare
Sheffield Association for Voluntary Tea						ching
Sheffield Churches Council			for CC
Sheffield Family Holiday	Fund
Sheffield Futures
Sheffield General Cemetery
Sheffield Hospital Charity
Sheffield Maternity Cooperative


Brought forward	112,450
Sheffield Mencap and Gateway	4,000
Sheffield Methodist Church	2,000
Sheffield Music School	2,000
Sheffield Royal Society for the Blind	5,600
Sheffiefd University of the Third Age	2,500
Sheffield Yoga for ME/CFS	3,500
Shipshape Health &Wellbeing Snow Drop Project	5,000 3,000
Spinal Injuries Association	2,000
Stannington Brass Band Steel City Choristers	2,000 3,000
Stephen Harrison Academy Street League SYChaplaincy and Listening Service	2,660 2,000 2,500
Target Housing Teenage Cancer Trust The Art House The Delphi Trust The Family Works	1,600 2,000 2,500 1,000 2,400
The Furnival	3,000
The Shefffeld Wheat Experiment	2,500
The Sunday Centre	2,000
Third Angel Westwood 2015 Ltd	1,500 1,680
	174,390
Prior year grants not cashed
Element Society Sheffield Steelers Wheelchair Basketball	(1,500) (2,000)
	170,890