CHARITY REGISTRATION NUMBER 529351
SHEFFIELD BLUECOAT AND
MOUNT PLEASANf EDUCATIOIYAL FOUNDATION
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
UHY

sHEF￿￿ELD BLUECOAT AND MOUNT PLEASANT EDUCATIOFIAL
FOUNDATION
LEGALAND ADMINISTRATIVE INFORMATION
Trustses
S C Fowler- Chair
J Brown
S Turner
Prof. M Bateman
T Groombridgc
(Appointed 17 March 2025)
Charlty number
529351
Secretary And prlntlpal offlte
Ms S M Greaves
clo Wrigleys Solicitors LLP
Derw¢nt House
150 Arnndel Gat¢
Sheifield
South Yorkshire
SI 2FN
Ch8rJty Admln18tra¢or
Mrs G Mills
Independent examlner
M Mealin8 BS¢ FCCA
UHY Hacker Young
6 Broadfield Court
BrO￿rie]d Way
ShetTield
S8 OXF
Sollcltors
Wrigleys Solicitors LLP
Derwent House
150 Arundel Gate
Sheffield
South Yorkshire
SI 2FN
InvestJDent adviso
Rathbones Group plc
B¢¢¢h House
61 Napier Street
Sheffield
S118HA

SHEFFIELD BLUECOAT AIW MOUNT PLEASANT EDUCATIONAL
FOUNDATION
CONTENTS
Page
Thiste¢s' rq)ort
Independent examinevs report
Statement of finAncial activities
io
Balance sheet
Statement of cash flows
12
Notes to the accounts

SHEFFIELD BLUECOAT AND MOUNT PLEASANT EDUCATIONAL
FOUNDATION
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 MARCH 2025
The trustees present their annu&l report and financial siatements foT the year ended 31 March 2025.
The financial statements h&ve been prepared in xe¢ordance with the accounting policies set out in note I to
the financial stakements and comply with the charity's Trust Deed, th¢ Charilies Act 2011 and "Accounting
and Reporting by Charitie8'. Statement of Recommended Practice applicable lo charities prep8rin8 their
accounts in accordance with th¢ Financial Reporting Standard appli¢obl¢ in thc UK and Republic of [￿land
(FRS 102) (effective l January 2019)"
Objtctlvtg ￿nd ¥4¢tlvltley
Th¢ obje¢iive5 of the Trust are as follows..
l. Awarding to beneficiaries scholarships, bursaries or maintenance allowanceg by a single payment
or a series of payments tengble at any school, univ¢rsity or any other educational establishment
approved by ihe Trustees.
2. Providing financial ￿SIStance. outfits, clothing, tools, instruments or books to help bMeficiaries on
leaving 8chool, university or other educational establishtnent to prepare for or to enter a profession,
Iradc or calling.
3. To award scholarships or maintenance allowanc¢s to enable beneficiaries to iravel abroad to pursue
their educaiion.
4. Providing OT 8$SlSting in che provision of facilities of any kind not normally provided by the Local
Edu¢ation Authority for recre81ion and so¢ial and physical training iiicluding the provision ol
coaching in athletics, sports and games for beneficiaries who are re¢eivin8 primary* s¢¢ondary or
further ¢ducation.
S. Providing financial as8l8tsnce lo ¢nabl¢ beneficiaries to study music or other arts.
6. Oth¢nvise promoting the education (includin8 social and physical training) of beneficiaries.
The tru$tees hAv¢ paid due regard to 8uidance issued by the Charity Cornmission in deciding what activities
th¢ ¢harity should undertak¢.

SHEFFIELD BLUECOAT AND MOUNT PLEASANT EDUCATIONAL
FOUNDATION
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR EIYDED 3J MARCH 2025
Public Benefit
The Trustees have considered the guidance issued by the Charity Cornmi8sion on the application of the
public benefit test and the supplementary guidance applying in particular to educational charities.
The Trustees are conscious of their legal duty to have regard io the public benefit guidance and the
obligation spccifically to report on how the Foundation delivcrs public benefit. The Trnsl¢es Are also
cons¢ious of the need to bear in mind both the general and the supplementary guidance wherever they are
relcvant, in the work of the Foundation.
The objectives set by the Trustees to deliver the aiins of the Foundation are represented by and eviden¢ed in
the grant progrommes, referred to in detail later in this report.
Applying the principles of the public benefit t&8t, the analysis of the activity of the Foundation shows th¢
following:
l. Prin¢iple- there mu81 be an identifiable benefit or benefits.
The benefits delivered are numerous and wide ranging. They inelude enhanced oppothnities for
struc￿red Icarnin8, ixith within the school environment and outs'ide it. Young people helped with
grant support from Ihe Foundation have learned.. team skills, how to extend themselve8
academi¢ally, how to value themselvcs and those around them in society, how to develop their
physi¢81 and sporting abilities, how lo refine and extend their interest in arts and musi¢ and their
abilili¢s in those subje¢ts.
Through grnnt8 to organi5alions over the years the Trustees have regched an even wider spread of
peoplc and delivered bencfits through activities Carried out by those involved in work with young
pl¢ with particular needs and organisations reaching out to the educational needs of ¢hildren not
readily dealt with in the classroom.
l. Principle- benefit must be to the public or a section of the public
The Foundation is clearly able to deliver what is rquired, within the restricted geogrnphical area
defined by its constitution. The Trustees are satlsfi¢d that the benefieiariov. already referred to in
detail in this report, are appropriate to its aims. No additional g¢ographical r¢strictions are applied
beyond that ¢ontained within the Schemc as a grant mak¢r the Foundation is not involved in
issues in coniiection with payment of fees as il is not involved in fee charging. Wherever this is a
relevant consideration, the Trnstee5 b￿r in mind a desire to benefit as wide a section of the publi¢
as possible acr055 the beneficiary clasSCS to which its grant making can be directed.

SHEFFIELD BLUECOAT AND MOUNT PLEASANT EDUCATIONAL
FOUNDATION
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
The fulfilmeni of the Foundaiion's objectives to make ¢ffective and creative use of its opp)rtunities for
grant-Tnaking is evidenced by the eommentary on its grant making activities below. Its main obje¢tives for
the year were achieved by continuing its lonB standing support to educational needs and projects in the City
of Sheifield and such of th¢ $UTrounding drea as falls within the Foundation's geographical remit.
It is the ￿11¢Y of the Foundation in its grant-making to support needy educational catsses, together wilh
needy individuals who can ben¢fil from charitable support in 8 wide variety of educational areas. Where a
grant is made to an organisaiion, il is viewed as either a pump priming grant for a long¢r ienn project or
Tclated to activities and projects taking place in the cour5c of that year. The Foundation does not favour
making long-tern) fithding grants. Wherc relevant, the Foundation favours matched funding lo encourllge
and facilitate th¢ raising of support for a cause or organisaiion.
Aehlevement$ and performance
The Foundation meft8ures its achievements by the breadth and s￿CCesS of lis grant making.
Its grant tnaking is effective when it meers real needs of individuals and oryanisations making it possible
for them to cary out activities or deliver thcir own charitable objeciives in ways which would be
irnpossible or less ext¢nsiv¢ than would be tlie case withoui the Foundation's support.
The indicator used by lh¢ Foundation to measur¢ the success of ils Eranl making is ihe effectiveness and
usefulness of the grant expenditure. The evidence is provided by feedback from or8ani.8ations, through
Trust¢¢ visits or, more commonly, written reports,. and. in relation to individuals, by the oftcn exuberantly
appreciatiyc reports from those individual8 receiving grant support, e.8. in relation to gap year activities,
travel and educational visits.
The Foundation is dependent for ihe achievement of its objectives on a good flow of applications. The
contacts it maintain5 through the Secretary Bnd through the Trnstees continue lo supply a flow of
applications. The nAtyre and variety of application 81t¢r subtly from year to year. bui the quality and
quantity of applications remains SUtTi¢ienl and appropriat¢, enabling 8 good flow of grants to be made. The
Foundation continues to liois¢ both ai Trustec and &t Secreiary lev¢1 with other local 8rant makin8
educational chorilies in order to share experience and insights.
The Found¥4tion continued with its ¢xisting foci as well as s¢¢king out new 8r4nl making opportunities
through contacts by the Trustees and ihrough the Secretary.

SHEFFIELD BLUECOAT AND MOUNT PLEASANT EDUCATIONAL
FOUNDATION
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Grnnts were made for a wide variety of purposes.
The full range of the objcctives of the Tru$t were represenied in th¢ range of Erants made.
During the year a total of 37 grants were awarded (2024.. 27).
Arnon8St the grants inade in the course of the year were 8rants enabling young people to be involved with
various a¢tivitie8 including: music and dram4 medical and science course.
Grants were also made lo organisations, foT example, CRESST, GROW, PACES, Music in the Round, and
Whirlow Hall Farni.
Applications are accepted from o wide range of individuals and organisations. Inost of which applicants
will complete an application fomi and financial eligibility do¢umentation and will nornially also supply
supporting do¢uments. The necessary paperwork for applications is available from the Se¢r¢tary's office.
both in hard copy and by e-mail, or from the website page.
The above variety of Brants refle¢t the Foundation's infrrest in both new educaiional opportunities,
ppli¢aiions by individuals and Organisations respectively and a COTnmitment to support youth or8ani8ation$
locally wherever possible.
Flnanclal revlew
It was again a challenging year for the investment portfolio. h8ving been inevitably darnaged by Blobal
events.
The Foundation's property iDves(rnent Is fully tenanted, wiih both floors of1-3 Sharrow L&ne being rented
out on a long Icasehold at a market renl. The tenant of the ground floor has ceased to trade as a restsurant,
and is seeking to assign their lease.
Net outgoirtg resources before movements on investments were £42,097 (2024: net outgoing resources of
£1.671). Income for the y¢ar was £82.805 (2024.. £84,429) from stock market and property investments
forniing the Foundation's permanent cndowment. This is the income that makes the work of the Foundation
Possible. The value of the main investment portfolio d¢¢reased over the year by 0.02Q/o. from £1,264,982 to
£1,264,670.
It is the policy of the charity that unrestricted funds which have not been d¢signated for a specific use
should be maintained al a level not le55 than the equivalent to between three and six months, expendiknr¢
(around £80,000). The trustees consider that reserves at this level will ensure that. in the event uf a
significant drop in fundingj they will be able to continue the charity's current activities while ¢onsid¢ration
is given to ways in which additional fund5 may be raised. This level of reserves hlls been maintAined
throughout the year. with the year end ￿)SItiOn ¢omfortably above the minirnum.
ReseN¢s
It is the policy of th¢ Foundation to seek lo keep in¢ome fund balances at a Icvel adequate to support the
work of the Foundation but below the average 8nnual incoming resources figure, whenever grant-making
opportunili¢s perniit.

SHEFFIELD BLUECOAT AND MOUNT PLEASANT EDUCATIONAL
FOUIYDATION
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Principal Funding Sources
Thls is an endowed charity. Its funds are derived from rental and dividend income arising from the
permanent endowment Èss¢ts. It does not actively fundraise and se¢ks to continue its work Through th¢
¢ar¢ful $tewardship of its income.
The Trustees Iiave decided noi to have a specific social, environmentsl and ethical investment poli¢y with
its discretionary investment mRnageis. This matter is rcconsidered each year.
Powers of Investment and Investment Policy
The Trustees, pow¢rs of investment are subject to the Ttwsree A¢1 2000.
The Foundation's investment policy covers two area$. It holds one property as a diversified investment
clas5 from which an income return is obt8ined with a policy for the capital value to be at least maintained,
so tar as the Trustees are able to achieve this. Th¢ balance of its endtswment is invesicd in stocks and
thare5, which are invested pursuant io a policy to maintain capital value. taking account of iiiflation, at least
and lo generate an appropriate level of income commensuratc with protection of the capital. Pursuant to lis
pow¢rs under the Twstee A¢1 2000 the Foundation has moved to discretionary management of its market
investments.
Risks
The Trustees have assessed th¢ major risks to which the ¢harily is exposed, and are satisfied that systems
are in pla¢¢ lo mitigate exposure io the major risks.
As a matter of best practice, the Trusiees are conscious of the need lo consider risk. The Trn5tees address
and seek Lo mitigale the principal areas of risk by engaging and relying u￿n professional investment
managers (who cany indemnity insurance), by insuring ils real property, by seeking advice from a qualified
surveyor and by instrnciing 8 SeeTetary who is legally qupJified and who also carries indemnity insuranc¢.
Highlights from 2024125 and Plans for the Futu1¢
Adequate numbers of applications continue to be received from charitable or8anisaiions sttking help.
The number of organi58tions and individuals applying for help gave the Trustees the opportunity through
the grant making io make a very significant difference to a larg¢ nutllber of young people in the area llnd
they were. as always, cncourdged by the wide vari¢ty of inieresting and useful educational activities whi¢h
the applications reprcsented.
The Trustees plan to continue with the existing pattern$ of grant making with th¢ aim of reaching needy
individuals, eauses and organisations within the Foundation's geographical remit. Expcrience continues to
show that grants io recipients can make all th¢ differenc¢ lo their educational needs.

SHEFFIELD BLUECOAT AND MOUNT PLEASANT EDUCATIONAL
FOUNDATIOIY
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Structur4 governance and management
The Sheffield Bluecoat Educational Foundation was establish￿ by a Deed dated 25 July 1709 and
regulated by a Scheme of 23 March 1954. The Mount Pleasant School for Gir15 Foundation was established
in 1781. The two Foundations were amalgamated in a Scheme of 24 September 1962. Sheifield Orphan
Homes was founded by Deeds of 22 Jun¢ 1865 and 27 December 1870. It wa5 regulated by a Scheme of 3
August 1926. As a result of a Scheme of 7 March 1978, the Sheffield Blue¢o8t and Mount Pleasant
Educational Foundation TDJstee8 also became the T￿Ste¢S of that Charity. It was incorporated into the
Foundation in a Scheme of 23 January 1995.
The financial st&tern¢nts ¢omply with the governing documents, statutory requirements and the
reqiiirements of thc Charities SORP 2019. They have been prepared in a¢￿rdance with the accounting
policies set out on pages 13 to 16.
The trustees who served during the year were..
ColJCVHunt
S E Hewson
S C Fowler- Ciyair
J Brown
S Tumer
Prof. M Bateman
T Groombridge
(Resigned 8 May 2025)
(Resigned 21 October 2024)
(Appointed 17 March 20251
Trustees serve for a period of three years and are eligible for re-appointment.
Co.optative Trustees are appointed after enquiries mAde through the existing Ttwstee body from which the
potential candidate or candidates islare identified.
The Tntstees meet usually bi-annually to discuss applications and the affairs of the Foundation and to
award Brants. Decisions are implemented throu8h its officers and odvisor$.
Through its Secrelary, the Foundation has access to a number of organi8ation5 both local and national that
have an interest in best practice and the development of the charitable grant making sector. The Secretary is
hersclf a lawyer speciilising in charity work with a leading ni¢he firni of 801icitors with a national
rcputation in the field of trusts, particularly relating to charili¢s.
The day to day administration of the Foundation, work in connection with its income, liaison with outside
bodies, the adTDinistration of its grant programmes and the processing and handling of applications prior to
and after their consideration by Trnstees, 18 all work delegated to the Secretsry.
From time to time all Trustees con5id¢r policy and strategic matters. The Trustee8 also consider monitoring
Inforn￿tIon obtained concerning th¢ p¢rfomiance of gTant5.
The Trnstees have noted the Charity Governan¢¢ Code and seek to apply its guidan¢e to the work of the
Foundation so far as the key principles apply and are relevant to its work as a Brant maker. The Truste&s are
conscious of the need io use and revicw good practice in govemance and that adopting good practice is an
essential part of bein8 a modern grant making charity. This annual report will show that the key principles
of Good Gov¢rnance are evidenced in the work of the Foundation.

SHEFFIELD BLUECOAT AND MOUNT PLEASANT EDUCATIONAL
FOUNDATION
TRUSTEESI REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
A conflict of incerestnoyaity re8lSter i8 kept. which is r¢viewed regularly.
The le￿ title to 1-3 Sharrow Lane is register￿ in the oificial C￿910dlan,s name at the Land Registry.
New TNsiees are provided with an induction pack by ih¢ Secretary which includes not only copies of
minutes of recent Tneetings and copies of Trustees, Reports and Accounts but also copies of documents
relating to the governance and operation of the charity including grant making policies and deiails of the
investments. In addition, documentats'on with re8ard to Thistee duties and responsibilitie5 are provided.
New Trustees are offered the opportunity, at the ¢xpen8e of the charity. lo aitcnd relevant Twslee training
courses and the Secretary offers guidance at all times. especially to n¢w Trustees. on legal, governance and
adrnini5trative matters.

SHEFFIELD BLUECOAT AND MOUNT PLEASAIYT EDUCATIONAL
FOUNDATION
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
The trustees, report was approved by the Board of T[￿￿te￿.
gA
S C Fowler- Chalr
Trustee
Dated.. 22 September 2025
Ms S M Greavoy
Secretsry

UHY
6 Broadfield Court
Broadfi¢ld Way
Sheffield
S8 OXF
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SHEFFIELD
BLUECOAT AND MOUNT PLEASANT EDUCATIONAL FOUNDATION
report to the ttuslees on my examination of the financial ststemcnts of Sheffield Blue¢oal and Mount
Pleasant Educational Foundation (the chariry) for the year ended 31 Match 2025.
Respon$lbllltles and basls of report
As the trustees of the charity you ar¢ reS￿)nsIble for the preparation of the financial statements in accordonee
with the requir¢m¢nls of thc Charities Act 2011 (the 2011 Act).
I report in respect of my exatninolion of the charity's financial statements carried out under seciion 145 of the
2011 Act. In ¢aryin8 out my examinalion I have followed all the applicable Directions given by the Charity
Commission under section 145{5llb} of the 2011 Act.
Independent exAmlner's statement
I have compl¢ied my examination. I confirm that no mailers have come io my attention in conn¢¢tion with the
examination givin¥ me cause to believe thai in any maierial respect..
accounting records were noi kept in respect of the charity as rquired by section 130 of the 2011 Act; or
Ihe financial statements do not accord with those records,. or
the financial s¢a¢emenls do not Comply with the appli¢able requirements ¢on¢ernin8 the forni and content
of accounts s¢t out in the Charities (Accounts and Reports) Rcgulations 2008 othcr than any requirement
that the accounts give 8 irne and fair view which 15 not o mattcr considered as part of an ind¢p¢ndenl
ex8mination.
I have no ¢oncern8 and have come across no other matters in connection with the examination to which
attention should be drawn in this report in order to enable a proper understanding of the finan¢ial statements to
be reached.
M Me*llng BS¢ FC.CA
UHY Elacker Youn8
Chartered AccountAnts
Dated.. 22 September 2025

SHEFFIELD BLUECOAT AND MOUNT PLEASANT EDUCATIOIYAL
FOUNDATION
STATEMENT OF FINANCIALACTIVITIES
FOR THE YEAR EIWED 31 MARCH 2025
UTrrttlrlrl•d
Total
EndDwm¢llt
Tot#1
fund
ruTrdi
fDDds
2025
2025
2025
2024
2024
2024
Note5
Income from:
Investments
82,805
82,805
84,429
84.429
Total Income
82,805
82,805
84.429
84,429
Eypenditure on:
Fundraising ond
publicity
Investment
mana8¢ment
38,722
38,722
8,146
8,146
13,580
13,580
12,780
12,780
38,722
13,580
52,302
8,146
12,780
20,926
Chariiable activities
72.6(X)
72,600
65.174
63,174
Total ¢%pendlture
111,322
13.580
124,902
73,320
12,780
86,1(H)
Net gainsl(losses) on
invesiments
io
413
15,312
15,725
(221)
36,457
36.236
Net ineomel(expendlture)
and movement in fundg
(28.104)
1,732
(26,372)
10,888
23,677
34.565
Reconclllatlojh of funds:
Fund balances at l April 2024
138,616 1.642,837 1.781,453
127,728 1,619,160 1.746,888
Fund balances it 31 March
2025
110,512 1,644,569 1,755.081
138,616 1.642,837 1,78l.453
The statement of financial activities includes all gains and losses recognised in the year.
All income and exp¢nditure derive from continuing activities.

SHEFFIELD BLUECOAT AND MOUNT PLEASANT EDUCATIONAL
FOUNDATION
BALANCE SHEET
AS AT 31 MARCH 2025
2025
2024
Notss
Flxed Asyets
Investment properties
Invc5tments
12
13
375,000
1,277,157
375.000
1.277,056
1,652,157
1,652,056
Current 4sse¢s
Debtors
Cash at bank and irt hund
14
13.871
118.013
27,800
125.045
131.884
152.845
Credltors: *mount5 falllng due wlthln
one yeAr
Is
(28,960)
123.448)
Net Current ￿set$
102.924
129,397
Totsj Assets le$9 Current Ilabllltles
1,755,081
1,781.453
Capltal fllnd$
Endowment funds
Income fund8
Unrestri¢ted funds
1.644.569
1,642.837
110,512
138.616
1,755.081
1,781,453
The financial statements were apprnv￿ by the trustees and authorised for issue on 22 Septemb¢r 2025 and
ar¢ signed on their behAlf by:
SA
S C Fowler- Chair
Trustee
Ms S M Greaves
Secretary

SHEFFIELD BLUECOAT AND MOUNT PLEASANT EDUCATIONAL
FOUNDATIOIY
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2025
2025
2024
Notes
Cash flows from operating activitles
Cash ab80rbed by operations
(I05,461)
(77.846)
Investlng 4Ctlvltles
Purchase of investments
Proceeds on disposal of investtn¢nts
Invesimenl in¢om¢ received
(124,762)
140,386
82.805
(124.728)
135.767
84,429
Net cash generated from Invegtlng
activitles
98.429
95,468
Net cash used In flnanelng actlvltles
Net (de¢re45e)Ilntre*se In ¢8yh and tAsh
equlvalents
(7,032)
17.622
C&8h and cash equivalents at beginning of yeor
125,045
107,423
Cxsh ind eish equlvllents at ¢nd of year
118,013
125.045
12-

SHEFFIELD BLUECOAT AND MOUNT PLEASANT EDUCATIONAL
FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Accountlng polieles
Company informatlon
Sheffield Bluecoat and Mount Pleasant Edu¢ational Foundation is an uninco4)orated charity. The
principal office address is Ms S M Greaves, clo Wrigleys Solicitors LLP. Derwent House. 150 Arundel
Gate, Sheffield, South Yorkshire, Sl 2FN.
1.1 Accountlng eonventton
The financial statements have been prepared in accordance with the charitYs Trust Deed, the Chariti&s
Act 2011 and "A¢¢ounling and Reporting by Charities.. Staiemeni of Recommended Practice applicable
to charities preparing their accounts in accordan¢e with the Financial Reporting Standard applicable in
the UK and Republic of Ireland {FRS 102) (effective l January 2019). The charity is a Public Benefit
Entity AS defined by FRS 102.
The financial statements are prepared in sterlin¥, which is the fvn¢tional currency of the charity.
Monetary amounts in these financial statements rounded to the n¢￿e$l £.
The financial statements have been prepared under th¢ historical cost convention, [modified to in¢lud¢
the revaluatiun of freehold properties and to include investment propenies and certain financial
instruments at fgir valuel. The principal accounting policies adopied aTe set out below.
1.2 Golng Concern
At the lime of approving the financial stat¢ment5, the trnstees have a Teasonable expectation that the
charity has adequate resources to continue in opcrational existence for the foreseeable future. Thus the
trustees continue to adopt the going concern b8sis of accounting in preparin8 the financial statements.
IJ ChArltoble fund5
Unrestricted funds a￿ available for use ai ihe discretion of the tThstees in fiJrther4nce of th¢ir Charitable
objectives.
Restricted funds aTe subject to spccific conditions by dollo￿ or granlor8 as to how they may be used. The
purposes and use$ of the restricted funds are set out in the notes to the financial statements.
The Endowment fund represents those assets which must be held pernianently by the charity. Income
arising on the endowment fund can be used in accordance with the objects of the charity and is included
as unrestricted income.
1.4 Incomlng resourtts
tncoming resources are &¢counied for on an a¢cruals basis. Provision is mad¢ for rents due but not
received at the year end.
1.5 Resources expended
All expenditur¢ is included on an accruals basis and is reCogni￿d where ther¢ is a legal or constructive
obligation to pay for expenditure. All costs have been directly attributed to one of the activiry categories
of resources expended in the SOFA. All costs includ¢ irrecoverable VAT.

SHEFFIELD BLUECOAT AND MOUNT PLEASANT EDUCATIONAL
FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
A¢¢ounting polleles
(Continued)
Costs of genernting funds compri8e investment broker fees incurred in monaging the charity's investment
portfolio.
Governance costs include those incurred in the governance of the charity and its assets and are primarily
associated with constitutional and statutory requirements.
Grants payable 8re ac¢ounted for when granted to the recipient on an irrevo¢able commitment basi&.
1.6 Investment propertley
Investment prop¢rty> which is property held to earn rentals andlor for capital Appreciation. is initially
re¢o8nised at cost, which include5 the purchase cost and any directly attributable expenditure.
Subsequently it is measured at fair value at the reportirt8 end date. Th¢ surplus or d¢fi¢it on revaluation
is recognised in profit or108s.
1.7 Flxed Asset inveJtment$
Fixed asset investments are initially measured at transaction price excludin8 transaction costs, and are
subgequently rneasured al fair value at each reporting date. Changes in fair value are recognised in nel
inwmel(expendiiure} for the year. Transaction costs are expensed as incu￿ed.
1.8 Cash and cayh equlvAlentJ
C&8h and cash equivalents include cash in hand, deposits held at ¢all with banks, other short-ierni liquid
investments with original maturities of three months or le58, and bank overdrafts. Bank overdrafts are
shown within botTowings in CUTrent liabilities.
1.9 Flninelal In$trument$
The Charity has elected to apply the provisions of Section I I 'Basic Financial Instruments. and Section
12 '0ther Financial Instruments Issues, of FRS 102 to all of its financial instruments.
Financial instruments are reco￿lSed wh¢n the chAriiy becomes party to the cOntra¢￿al provi5iOT]s of the
instnllnenl.
Financial assets are offset. with the ne¢ aTnounts presented in the accounts when there is a legally
enforceable right to set off the recognised amounts and th¢re is an intention to sett]e on 8 net basis or lo
realise the asset and settle the liability 5LTnultaneously.
Baslo fin8nelal •ssets
Basic financial assets, which include debtors and cash and bank balances, are initially m¢asured at
transaction pric¢ including transaction costs and are subsequently c￿Tied at amortised cost using th¢
effKtiv¢ interest method unless thc arrangement ¢onstilutes a financing transa¢tion, wher¢ the
transaction is measured at the pr¢s¢nt value of the future receipis discounted at a market rate of int¢rest.
Financial assets classified as receivable within one year are not amortised.

SHEFFIELD BLUECOAT AIYD MOUIYT PLEASANT EDUCATIONAL
FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Accountlng policles
(Continued)
Impalmi•ftt olflnanclal assets
Financial a55ets, other than those held at fair value through income and expenditure. are assessed for
indicaiors of impairment at ea¢h reporting date. Financial assets are impaired where there is objcctive
evidence that, as a resuli of one or more events ihat occU￿ed after th¢ initial recognition of the fitsancial
asset, th¢ esiimatcd future cash flows have been affected.
If an asset is impoired, the impairment loss is the difference between the ¢arying amount and the preseni
value of ihe esiimaied cash flows discounted al ihe asset's original effeciive interest rot¢. The
impaiTrnent loss is recognised in net in¢ornel(expendiThre) for the year.
If there is a decrease in the impairtnent loss arising from an cv¢ni occutTing after the impairnient w&s
recognised. the impaimleni is reversed. The ￿versal is such that the ¢urreni carrying amount does not
exceed what the ¢arrying aynount would have been, had the impairment not previously been r¢cognised.
The impainnent reversal is recognised in net in¢ome/(expenditure) for the year.
D•r•coqnltlon olfln•nclal •Js•ts
Financial assets are dereco8nised only when the cOntrac￿al ri8his to the cash flows from the asset expire
or are settled, or when the charity transfers the financial asset and substantially all the risk5 and rewards
of ownership to another entity, or if some 8ignificant risks and rewards of ownership are retained but
control of the asset has tr8n8ferred to Hnoih¢r party that is able to sell the asset in its entire¢y to an
unrelated third party.
8a51c flnan¢141 llablllll•*
B&sic financial li8bilitie$, including credilors and bank loans are initially recognised at transaction price
unless the arrangement cOnsti￿teS a financing transaction, where the debt in8trnment is measured at the
present Y8]u¢ of the fvture paymen¢s discounied at a market rate of interest. Financial liabililies
classified as payllble within one year are not arnortised.
Debt instruments are subsequently carried ai amortised COSL using th¢ eff¢ctive interest rdte method.
Trade creditors ar¢ obligations lo pay for goods or services thai have been acquired in the ordinary
course of operations from supplters. Amounts payable are classified as Current liabilities if paym¢nt is
due within one year or less. If not, they are pr¢senied as non-currcnt liabilities. Trade creditors are
recognis¢d initially at transaction price and subsequently measured at amortised ¢osi using the etTeLtive
interest method.
Dorecognltlon of flnanclg1118blllues
Financial liabilities are derecognised when the charity's Contractual obligations expire or are discharged
or cancelled.

SHEFFIELD BLUECOAT AND MOUNT PLEASANT EDUCATIOI¥4AL
FOUIYDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Crltlcal Accoundng estim4tes and Judgement8
In the application of the charity's accounting policies, th¢ tNstees are required to make judgements,
estimates and assumptions about the carrying amount of assets and liabilities that are not readily
apparent from other sour¢es. The estimates and a8sociated assumplions are based on hislori¢al
experien¢¢ and other faetors that are considered to be relevant. Actual result$ may differ from these
estimAt¢s.
The estirnates and underlyin8 assumptions are reviewed on an ongoing basis. Revisions to accounting
estimates are recognised in the period in which the estimate is revised where the revision affects only
that p¢riod, or in the period of the revision and future periods wher¢ the revision affects both current and
turc periods.
Crltlcll Judgements
Falr value ol Investment propertle5
The estimates and assumptions which have a si8nificant ri9k of causins a material adjustment to the
carrying amount of assets and liabilities are as follows.
Investhienl properties are required to be shown in the financial Statements al fair valu¢. The ¢rnstee5
ensure that valuations of the Charity's investment properties will bc mad¢ every ihree years. The tswstees
will review the valucs of the inY¢81ment properties shown in the accounts each year and make a
judg¢TT]ent as to whether any evidence exists that Ihe fair values are materially different to the values in
the financial statemcnls. This may take in to account the sla¢e of the fabri¢ of the building and the
conditions in the market for the types of property owned.
Investtnents
2025
2024
R¢ntal income
Income from listed investsnents
Interest receivable
34,399
45,280
3,126
35,913
45.597
2,919
82.805
84.429
16-

SHEFFIELD BLUECOAT AND MOUNT PLEASANT EDUCATIONAL
FOUNDATIO
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Ral8lng funds
Uure5tActsd
Total
2025
Ullrr¥trtrt¢d
Total
2024
Thdi
Costs of gen¢rating
investment income
Other ￿ndraiSing costs
38.722
38,722
8.146
8.146
nvestment m
13,580
13,580
12.780
12.780
38,722
13,580
52,302
8,146
12,780
20.926
Rental expenses
2025
2024
Repairs, mBinlenance and insuran¢¢
Surveyors and Professional fees
Bad debts
Bank charBes
12,447
2,970
23,462
73
8,061
85
38,952
8,146
Charlt*blt ictlvldeB
2025
2024
Grani funding of activities (see note 6)
Share of governance costs {s¢e note 7)
44.370
28,230
38,134
27,040
72.600
65.174

SHEFFIELD BLUECOAT AND MOUNT PLEASAIYT EDUCATIONAL
FOUNDATION
NOTES TO THE FINAIYCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Grants payable
2025
2024
Grants to institutions (20 gTants):
DECSY
Ethel Tru51
PACES
Grow
Meadowhead Community
Lindley Educational Trnst
Li8t¢ning B￿kS
Greentop
Whirlow Hall FAMI
CRESST
Easy Street
Westwood 2015 Ltd
Music in the Round
Concerteenies
Steel City Choristers
City of ShetTicld W8t¢r Polo
Dame Kclly Holmes
Dronfield District Scouts
Early Life Entetprise
Maya
Pit5moor Adventure
Rite Trax R￿OrdS
Soundpost
Sheffi¢ld Wildlife Thst
SY County Scout Council
TSD Gymn￿11¢8 Academy
2,000
1,625
2,838
4,000
1.500
3.5
1,5
2,000
1,000
1,500
2,000
1.000
2,000
1.000
1.500
I,(K)O
1,500
2.000
2,000
2,0(Kl
1.5
2.0(K)
2.0
3,0(K>
600
2.000
2,000
1.040
1,500
2.000
3.300
33,140
27,263
Grants to individuals (17 grants)
11.230
10,871
44,370
38.134

SHEFFIELD BLUECOAT AND MOUNT PLEASANT EDUCATIONAL
FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR EIWED 31 MARCH 2025
Support costs
Support Covern*nee
costs
eosts
2025
Sllpp•rt GovernAnce
costs
cost$
2024
Independent
examination f¢¢s
Legal and professional
Secretary's fees
3.590
40
24.6(MJ
3,590
40
24,600
3.600
40
23,400
3,600
40
23,400
28.230
28,230
27,040
27,040
Analysed between
Charitsble activitics
28,230
28.230
27,040
27.040
Governance costs includes payments to the indep¢ndenl examiner of £3.590 (2024.. £3,600) for
independent examimtion fees.
Trustees
None of the twstees {or any persons ¢onnccted with them) received any remuneration or any other
benefits from employment with th¢ ¢harily or any other related entity during the year and no trustee
expenses have been incurred (2024.. £nil).
Employees
There were no employees during the year.
10 Net gaIn￿O0$Ye9) on Investment8
Unreilrlttrd
TotAI
Totsl
2024
ruDdi
2025
Revaluation of
investments
Gain/(loss) on sale of
investments
413
37.841
38.254
(221)
25,685
25.464
(22,529) (22,529)
10,772
10,772
413
15,312
15,725
(221)
36,457
36.236
19-

SHEFFIELD BLUECOAT AND MOUNT PLEASAIYT EDUCATIONAL
FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
11 Taxatlon
The chariry is exempt from taxation on its activities because all its income is applied for chAritable
purpose8.
12 Inve5tmen¢ property
2025
FAlr v*lue
Al l April 2024 and 31 March 2025
375,000
Investment property comprises retail and residentiE41 properties. The fair value of the investment
property has been a￿1ved at on the basis of a valualion Carried out during July 2019 by Fowler Sandford
Chortered Surveyors, who are not connected with the charity. The valuation was made on an open
market value basis by reference to market evidence of transaction price5 for similar properties. In the
opinion of the tnjstees, the value of the properties al 31 March 2025 docs not diffeT $ignifi¢Antly from
thi$ value. The investmeni properties were transferred to the charity at nil cost.
13 Flxed aJJe¢ Investments
Lljted
Investments
Cost or v*lu*¢lon
At l April 2024
Additions
Valuation changes
Disposals
1.277,056
124.762
38.254
(162.915)
Al 31 March 2025
1.277,157
CArrylng Amount
At 31 March 2025
1.277,157
At 31 March 2024
1.277.056
Flxed ayset investments revalued
Jnvestments listed or traded on a recognised stock exchange are measured initially at cost and
subsequently at fair value (their market value)- The fair value is based on valuations provided in
investment reports made by the fund manager, Illveste¢ Wealth and Investm¢nt Ltd, who is not
conn¢¢t¢d to the charity.
-20-

SHEFFIELD BLUECOAT AND MOUNT PLEASANT EDUCATIONAL
FOUNDATIO
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
14 Dtbtorg
2025
2024
Amounts f4lling due wlthln one year".
Trade debtorg
Other debtors
Prepayments and accrned income
3,326
2.610
7.935
10,498
5,099
12.203
13.871
27.800
IS Credl¢or8: #Mo￿nts fAlllng due wlthln one y¢ar
2025
2024
Trade creditors
Other creditors
Accruals and deferred income
2,970
500
22,948
25,990
28.960
23,448
16 AnAlysl$ of net asyets bettveen funds
UTrnslrlcled
fund
8Thd•wMMI
UnreytTrlcted
fund
Tot*1
TotAI
fuThd
2025
2025
2025
2024
2024
2024
Fund balances at 31
Mar¢h 2025 are
represented by..
Investment properties
IDveslments
Currcnt
ass¢t&l(liabilities1
375,000
375.000
12,487 1,264,670 1.277.157
375,000
375,0
12,075 1,264.981 1.277,056
98.024
4,900
102,924
126,541
2,856
129,397
110,511 1,644,570 1.755.081
138,616 1,642,837 1,781.453
17 Related party tronsylftions
The￿ were no dis¢losable related party trAnsaetions during th¢ year (2024- none).
21

SHEFFIELD BLUECOAT AND MOUNT PLEASANT EDUCATIONAL
FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
18 Cash gener*ted from operAtIon8
2025
2024
(Deficitysutylus for the year
(26,372)
34,565
Adjustsnents for..
Investsnent incorne recognised in statement of financial activitie8
Los81(gain) on disposal of investments
Fair value gains and losses on investments
(82,805)
22.529
(38.254)
(84,429)
(10.772)
(25,383)
Movements in working capitsl..
D¢¢reasel(increa5e} in debtor8
Incrcase in creditors
13,929
5,512
(4,263)
12,436
Cash Absorbed by operatlons
(105.461)
(77,846)
19 An•ly$ls of ehAnge8 In net fund
The charity had no material debt during the year.
22.