| Trustees | Col JCVHunt | |||||
|---|---|---|---|---|---|---|
| SEHewson | ||||||
| SC Fowler - Chair | ||||||
| Mrs JBrown | (Appointed | 14April 2022) | ||||
| STurner | (Appointed | 22 September 2022) | ||||
| Prof. M Bateman | (Appointed | 22 September 2022) | ||||
| Charity number | 529351 | |||||
| Secretary and principal | office | Ms SM Greaves | ||||
| c/o Wrigleys Solicitors LLP | ||||||
| Derwent House | ||||||
| 150Arundel Gate |
||||||
| Sheffield | ||||||
| South Yorkshire | ||||||
| S12FN | ||||||
| Charity administrator | Mrs G Mills | |||||
| Independent | examiner | M Mealing BScFCCA | ||||
| UHY Hacker Young | ||||||
| 6 Broadfield Court | ||||||
| Broadfield Way |
||||||
| Sheffield | ||||||
| S8 OXF | ||||||
| Solicitors | Wrigleys Solicitors LLP | |||||
| Derwent House | ||||||
| 150Arundel Gate |
||||||
| SheAield | ||||||
| South Yorkshire | ||||||
| Sl 2FN | ||||||
| Investment | advisors | Investec Wealth and Investment | Ltd | |||
| Beech House | ||||||
| 61Napier Street | ||||||
| ShefYield | ||||||
| S11 8HA |
| Page | ||
|---|---|---|
| Trustees' report | 1-8 | |
| Independent examiner's |
report | |
| Statement offinancial | activities | 10 |
| Balance sheet | ||
| Statement ofcash flows | 12 | |
| Notes to the accounts | 13-22 |
| Unrestricted | Endowment | Total | Unrestricted | Endowment | Total | ||||
|---|---|---|---|---|---|---|---|---|---|
| funds | funds | 2023 | funds | funds | 2022 | ||||
| Notes | |||||||||
| Income from: | |||||||||
| Investments | 82,048 | 82,048 | 75,159 | 75,159 | |||||
| Ex enditure on: | |||||||||
| ~Raisin funds |
|||||||||
| Costs ofgenerating | |||||||||
| investment income |
6,672 | 6,672 | 7,637 | 7,637 | |||||
| Investment | |||||||||
| management | 13,219 | 13,219 | 13,480 | 13,480 | |||||
| 6,672 | 13,219 | 19,891 | 7,637 | 13,480 | 21,117 | ||||
| Charitable activities |
5 | 94,318 | 94,318 | 39,002 | 39,002 | ||||
| Total resources | |||||||||
| expended | 100,990 | 13,219 | 114,209 | 46,639 | 13,480 | 60,119 | |||
| Net gains/(losses) | on | ||||||||
| investments | 10 | (963) | (74,525) | (75,488) | 617 | 107,388 | 108,005 | ||
| Net movement | in | funds | (19,905) | (87,744) | (107,649) | 29,137 | 93,908 | 123,045 | |
| Fund balances at I | |||||||||
| April 2022 | 147,633 | 1,706,904 | 1,854,537 | 118,496 | 1,612,996 | 1,731,492 | |||
| Fund balances | at | 31 | |||||||
| March 2023 | 127,728 | 1,619,160 | 1,746,888 | 147,633 | 1,706,904 | 1,854,537 |
| 2023 | 2022 | |||||
|---|---|---|---|---|---|---|
| Notes | ||||||
| Fixed assets | ||||||
| Investment | properties | 12 | 375,000 | 375,000 | ||
| Investments | 13 | 1,251,941 | 1,340,583 | |||
| 1,626,941 | 1,715,583 | |||||
| Current assets | ||||||
| Debtors | 14 | 23,536 | 10,863 | |||
| Cash at bank | and in hand | 107,423 | 150,367 | |||
| 130,959 | 161,230 | |||||
| Creditors: | amounts | falling due within | 15 | |||
| one year | (11,012) | (22,276) | ||||
| Net current | assets | 119,947 | 138,954 | |||
| Total assets | less current liabilities | 1,746,888 | 1,854,537 | |||
| Capital funds | ||||||
| Endowment funds Income funds |
1,619,160 | 1,706,904 | ||||
| Unrestricted | funds | 127,728 | 147,633 | |||
| 1,746,888 | 1,854,537 |
| 2023 | 2022 | |||||
|---|---|---|---|---|---|---|
| Notes | ||||||
| Cash flows from operating | activities | |||||
| Cash absorbed by operations | (138,146) | (56,914) | ||||
| Investing activities |
||||||
| Purchase of investments | (44,455) | (44,063) | ||||
| Proceeds on disposal of | investments | 57,609 | 51,391 | |||
| Interest received | 82,048 | 75,159 | ||||
| Net cash generated from investing |
||||||
| activities | 95,202 | 82,487 | ||||
| Net cash used in financing | activities | |||||
| Net (decrease)/increase | in | cash and cash | ||||
| equivalents | (42,944) | 25,573 | ||||
| Cash and cash equivalents | at beginning ofyear | 150,367 | 124,794 | |||
| Cash and cash equivalents | at end ofyear | 107,423 | 150,367 |
| 2023 | 2022 | ||
|---|---|---|---|
| Rental | income | 31,868 | 31,330 |
| Income | from listed investments | 49,238 | 43,806 |
| Interest | receivable | 942 | 23 |
| 82,048 | 75,159 |
| Unrestricted | Endowment | Tpfai | Unrestricted | Endowment | Tpfal | |||
|---|---|---|---|---|---|---|---|---|
| funds | funds | 2023 | funds | funds | 2022 | |||
| Costs ofgenerating | ||||||||
| investment income |
||||||||
| Other fundraising | costs | 6,672 | 6,672 | 7,637 | 7,637 | |||
| Investment mana |
ement | 13,219 | 13,219 | 13,480 | 13,480 | |||
| 6,672 | 13,219 | 19,891 | 7,637 | 13,480 | 21,117 | |||
| Rental expenses | 2023 | 2022 | ||||||
| Repairs, maintenance | and | insurance | 6,575 | 7,532 | ||||
| Bank charges | 96 | 105 | ||||||
| 6,671 | 7,637 |
| 2023 | 2022 | |||
|---|---|---|---|---|
| Grant Share |
funding ofactivities (see note 6) ofgovernance costs (see note 7) |
68,688 25,630 |
15,382 23,620 |
|
| 94,318 | 39,002 |
| 2023 | 2022 | |||
|---|---|---|---|---|
| Grants to | institutions | (15grants): | ||
| DECSY | 3,000 | |||
| PACES | 2,000 | |||
| The Ethel | Trust | 1,450 | ||
| Grow | 3,046 | |||
| Meadowhead Community |
1,500 | |||
| Opera on | Location | 750 | ||
| Lindley Educational | Trust | 3,500 | ||
| Listening | Books | 1,500 | ||
| Greentop | 1,311 | |||
| Whirlow | Hall Farm | 2,000 | ||
| CRESST | 2,690 | |||
| Easy Street | 5,000 | |||
| Westwood | 2015Ltd | 1,856 | ||
| Music in | the Round | 1,000 | ||
| Family Action | ||||
| The Sheffield Wheat | Experiment | 1,000 | ||
| 31,603 | ||||
| Grants to | individuals | (36grants) | 37,085 | |
| 68,688 |
| Support | c | osts | ||||||
|---|---|---|---|---|---|---|---|---|
| Support | Governance | 2023 | Support | Governance | 2022 | |||
| costs | costs | costs | costs | |||||
| Independent | ||||||||
| examination fees Legal and professional |
3,390 40 |
3,390 40 |
3,180 40 |
3,180 40 |
||||
| Secretary's | fees | 22,200 | 22,200 | 20,400 | 20,400 | |||
| 25,630 | 25,630 | 23,620 | 23,620 | |||||
| Analysed | between | |||||||
| Charitable | activities | 25,630 | 25,630 | 23,620 | 23,620 |
| Unrestricted | Endowment | TOfai | Unrestricted | Endowment | |||
|---|---|---|---|---|---|---|---|
| funds | funds | 2023 | funds | funds | 2022 | ||
| Revaluation | of | ||||||
| investments | (963) | (81,269) | (82,232) | 617 | 101,047 | 101,664 | |
| Gain/(loss) | on sale of | ||||||
| investments | 6,744 | 6,744 | 6,341 | 6,341 | |||
| (963) | (74,525) | (75,488) | 617 | 107,388 | 108,005 |
| 12 | Investment | property | |
|---|---|---|---|
| 2023 | |||
| Fair value | |||
| At 1April |
2022 and 31 March 2023 | 375,000 |
| Listed | ||
|---|---|---|
| investments | ||
| Cost or valuation | ||
| At 1 April |
2022 | 1,340,583 |
| Additions | 44,455 | |
| Valuation | changes | (82,232) |
| Disposals | (50,865) | |
| At 31 March 2023 | 1,251,941 | |
| Carrying | amount | |
| At 31 March 2023 | 1,251,941 | |
| At 31 March 2022 | 1,340,583 |
| 14 | Debtors | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| 2023 | 2022 | ||||||||
| Amounts falling due |
within | one year: | |||||||
| Trade debtors | 8,982 | 2,734 | |||||||
| Other debtors | 7,704 | 5,565 | |||||||
| Prepayments | and accrued income | 6,850 | 2,564 | ||||||
| 23,536 | 10,863 | ||||||||
| 15 | Creditors: amounts | falling due within | one year | ||||||
| 2023 | 2022 | ||||||||
| Accruals and | deferred | income | 11,012 | 22,276 | |||||
| 16 | Analysis ofnet assets between funds | ||||||||
| Unrestricted fund |
Endowment fund |
Total | Unrestricted fund |
Endowment fund |
Total | ||||
| 2023 | 2023 | 2023 | 2022 | 2022 | 2022 | ||||
| Fund balances | at 31 | ||||||||
| March 2023 are | |||||||||
| represented by: |
|||||||||
| Investment properties |
375,000 | 375,000 | 375,000 | 375,000 | |||||
| Investments | 12,295 | 1,239,646 | 1,251,941 | 13,258 | 1,327,325 | 1,340,583 | |||
| Current | |||||||||
| assets/(liabilities) | 115,433 | 4,514 | ]19,947 | 134,375 | 4,579 | 138,954 | |||
| 127,728 | 1,619,160 | 1,746,888 | 147,633 | 1,706,904 | 1,854,537 |
| 18 | Cash generated from operations |
Cash generated from operations |
2023 | 2022 | |
|---|---|---|---|---|---|
| (Deficit)/surplus for the year |
(107,649) | 123,045 | |||
| Adjustments for: |
|||||
| Investment income recognised |
in statement offinancial | activities | (82,048) | (75,159) | |
| Gain on disposal ofinvestments | (6,744) | (6,341) | |||
| Fair value gains and losses on | investments | 82,232 | (101,376) | ||
| Movements in working capital: |
|||||
| (Increase)/decrease in debtors |
(]2,673) | 2,295 | |||
| (Decrease)/increase in creditors |
(11,264) | 622 | |||
| Cash absorbed by operations |
(138,146) | (56,914) | |||
| 19 | Analysis ofchanges in net funds | ||||
| The charity had no debt during | the year. |