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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|
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|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|
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|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|
##
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||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|
##
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|1.|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|
##
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|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|
##
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||||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|
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|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|
##
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##
|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|
##
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##
||||||||
|---|---|---|---|---|---|---|
|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|
##
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##
|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|||||||
##
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##
|||
|---|---|
|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|