## ## |Trustees|||JBoulton||||| |---|---|---|---|---|---|---|---| ||||Prof. M Bateman||||| ||||M Merchant||||| ||||JM Ferretti - Chair||||| ||||Z Hamid||||| ||||SC Turner||||| ||||D FBooker||||| ||||Dr. RCutting|||(Appointed|21 September 2020)| ||||C Gandy|||(Appointed|21 September 2020)| |Law Clerk|||SM Greaves||||| |Charity Administrator|||G Mills||||| |Charity number|||529372 and 529350||||| |Principal|address||c/o Wrigleys|Solicitors LLP|||| ||||Derwent
House||||| ||||150Arundel|Gate|||| ||||SheAield||||| ||||South Yorkshire||||| ||||Sl 2FN||||| |Independent||examiner|RJGivans BAFCA||||| ||||UHY Hacker|Young|||| ||||6Broadfield|Court|||| ||||Broadfield Way||||| ||||SheAield||||| ||||Sg OXF||||| |Solicitors|||Wrigleys Solicitors LLP||||| ||||Derwent House||||| ||||150Arunde1|Gate|||| ||||Sheifield||||| ||||South Yorkshire||||| ||||Sl 2FN||||| |Investment||advisors|Investec Wealth and Investment||Ltd||| ||||Beech House||||| ||||61Napier Street||||| ||||Sheffield||||| ||||SlI SHA||||| ## ## ||||Page| |---|---|---|---| |Trustees'
report|||1-7| |SHEFFIELD GRAMMAR SCHOOL EXHIBITION|||FOUNDATION| |Independent
examiner's|report||| |Statement offinancial|activities||9-10| |Balance sheet|||| |Statement ofcash flows|||12| |Notes to the accounts|||13 - 23| |FULWOOD EDUCATIONAL||ENDOWMENT|| |Statement offinancial|activities||24| |Balance sheet|||25| |Statement ofcash flows|||26| |Notes to the accounts|||27| |APPENDIX A|||| |Rent received|||28| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||||||||||O|| |---|---|---|---|---|---|---|---|---|---|---|---| |||||||||||CO|| |CC|O|||||||||C4|| ||||||I|CI||||OI
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z|| ## ## ## |||||Notes|2021 f|2020| |---|---|---|---|---|---|---| |Fixed assets||||||| |Investment|properties|||11|1,425,000|1,425,000| |Investments||||12|2,175,334|1,841,718| ||||||3,600,334|3,266,718| |Current
assets||||||| |Debtors||||13|51,327|25,734| |Cash at bank and in hand|||||283,694|222,632| ||||||335,021|248,366| |Creditors:|amounts|falling due within||||| |one year||||14|(65,315)|(30,585)| |Net current|assets||||269,706|217,781| |Total assets|less current||liabilities||3,870,040|3,484,499| |Capital funds||||||| |Endowment|funds||||3,277,755|2,991,096| |Income funds||||||| |Unrestricted|funds|||||| |Designated|funds|||15|10,526|10,526| |General
unrestricted||funds|||581,759|482,877| ||||||592,285|493,403| ||||||3,870,040|3,484,499| ## ## ||||2021||2020|| |---|---|---|---|---|---|---| |||Notes||||| |Cash flows from operating||activities||||| |Cash absorbed
by operations||18||(136,879)||(228,292)| |Investing
activities||||||| |Purchase of investments|||(137,916)||(207,126)|| |Proceeds on disposal of|investments||172,276||211,327|| |interest received|||163,581||193,190|| |Net cash generated
from investing||||||| |activities||||197,941||197,391| |Net cash used in financing||activities||||| |Net increase/(decrease)|in cash and cash|||||| |equivalents||||61,062||(30,901)| |Cash and cash equivalents|at beginning ofyear|||222,632||253,533| |Cash and cash equivalents||at end ofyear||283,694||222,632| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||2021|2020| |---|---|---|---| |||f.|| |Rental|income|95,742|109,856| |Income|from listed investments|67,732|82,952| |Interest|receivable|107|382| |||163,581|193,190| ## |||||Unrestricted|Endowment|Total|Unsmtrieted|Endowment|Total| |---|---|---|---|---|---|---|---|---|---| |||||funds|funds|2021|funds|funds|2020| |||||genernl|||general||| |C~uef|S||||||||| |mvestment|income||||||||| |Rental expenses||||52,683||52,683|75,616||75,616| |investment|mana|ement|||13,340|13,340||13,791|13,791| |||||52,683|13,340|66,023|75,616|13,791|89,407| |Rental expenses||||||||2021|2020| ||||||||||g| |Repairs, maintenance|||and|insurance||||34,302|46,889| |Rates and|utilities|||||||7,277|775| |Law clerk|fees|||||||17,400|9,218| |Surveyors|and professional|||fees||||4,664|7,656| |Bad debts||||||||(17,665)|11,018| |COVID rent waived||||||||6,625|| |Bank charges||||||||80|60| |||||||||52,683|75,616| |Charitable|activities||||||||| |||||||||2021|2020| |Grant funding ofactivities||||(see note 6)||||28,793|85,113| |Share ofgovernance|||costs|(see note 7)||||51,200|53,045| |||||||||79,993|138,158| ## ## ## ## |Grants payable|||||||| |---|---|---|---|---|---|---|---| |||||2021||2020|| |Grants to institutions||(6grants):|||||| |White Rose|||||||4,980| |CRESST|||||||3,000| |Opera on Location|||||||800| |Worldwise
Foundation|||||||3,000| |King Edward VII School|||||120||1,420| |Meadowhead
Community|||||||2,000| |Music in the Round|||||||2,000| |Whirlow
Hall Farm||Trust||1,000|||1,000| |Dragons Academy|||||||2,500| |Young Singers||||(533)|||| |35th Sheffield (St.Oswald's)|||Scouts|1,840|||| |Tapton Youth Brass||Band|||||1,500| |Ignite Imaginations||Ltd||(2,000)|||2,000| |Greentop Community||Circus|||||1,500| |SF4SD|||||||1,500| |SYDance Hub|||||||1,000| |Westwood 2015 Ltd||||2,000|||2,000| |Friends and Volunteers ofSheffield Music Hub||||2,000|||2,000| |Manor Training|||||||3,000| |Nether Green Junior||School|||||660| |PACES Sheffield|||||||2,000| |Easy Street Theatre|||||||2,500| |Friends ofthe City|ofSheffield||||||1,500| |Good Chance Theatre|||||||1,500| |Police Community|Clubs|||2,000|||2,000| |||||6,428|||45,360| |Grants to individuals||(24 grants)||22,365|||39,753| |||||28,793|||85,113| ## ## ## |7|Support costs|||||||| |---|---|---|---|---|---|---|---|---| |||Support
costs|Governance
costs|2021||Support costs|Governance
cosh|2020| |||f.||f||||f| ||Independent|||||||| ||examination
fees||3,960|3,960|||3,960|3,960| ||Legal and professional||140||140||240|240| ||Law clerk fees||47,100|47,|100||48,845|48,845| ||||51,200|51,200|||53,045|53,045| ||Analysed
between|||||||| ||Charitable
activities||51,200|51,200|||53,045|53,045| ## ## |||Unrestricted|Endowment|Total|Unrestricted|Endowment|Total| |---|---|---|---|---|---|---|---| |||funds|funds|2021|funds|fuads|2020| |||general|||general||| |Revaluation|of||||||| |investments||63,596|308,072|371,668|(62,671)|(212,260)|(274,931)| |Gain/(loss)|on sale of||||||| |investments||4,381|(8,073)|(3,692)|(270)|3,021|2,751| |||67,977|299,999|367,976|(62,941)|(209,239)|(272,180)| ## ## ## |11|Investment|property|| |---|---|---|---| ||||2021| ||Fair value||| ||At I April|2020 and 31 March 2021|1,425,000| ||||2021|2020| |---|---|---|---|---| ||Cost||175,438|175,438| ||Accumulated|depreciation||| ||Carrying
amount||175,438|175,438| |12|Fixed asset|investments||| |||||Listed| |||||investments| ||Cost or valuation|||| ||At I April 2020|||1,841,718| ||Additions|||137,916| ||Valuation
changes|||371,668| ||Disposals|||(175,968)| ||At 31 March|2021||2,175,334| ||Carrying
amount|||| ||At 31 March|2021||2,175,334| ||At 31 March|2020||1,841,718| ## ## ## ## ## ## |Debtors|||| |---|---|---|---| |||2021|2020| |Amounts
falling due within one year:|||g| |Trade debtors||39,773|13,950| |Other debtors||7,414|7,236| |Prepayments|and accrued income|4,140|4,548| |||51,327|25,734| ## |Creditors: amounts
falling due within
one year||| |---|---|---| ||2021|2020| |Trade creditors|5,272|3,850| |Other creditors|480|1,670| |Accruals and deferred income|59,563|25,065| ||65,315|30,585| |||||0|||cc
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from operations|Cash generated
from operations||2021|2020| |---|---|---|---|---|---| ||Surplus/(deficit)
for the year|||385,541|(306,555)| ||Adjustments
for:||||| ||Investment
income recognised|in statement offinancial|activities|(163,581)|(193,190)| ||Loss/(gain) on disposal ofinvestments|||3,692|(2,751)| ||Fair value gains and losses on investments|||(373,760)|274,931| ||Movements
in working capital:||||| ||(Increase) in debtors|||(25,593)|(2,629)| ||Increase in creditors|||34,730|1,902| ||Cash absorbed
by operations|||(138,971)|(228,292)| ## ## ## |||||Unrestricted|Endowmeat|Total|Unrestricted|Endowment|Total| |---|---|---|---|---|---|---|---|---|---| |||||fund|fund|2021|fund|fund|2020| |||||f|f|||f|f| |income from:|||||||||| |Investments||||662||662|829||829| |Total income||||662||662|829||829| |Expenditure
on:|||||||||| |Sundry expenses||||40||40|40||40| |Grants|||||||800||800| |Total resources|expended|||||40|840||840| |Net income/(expenditure)|||for the year|622||622|||| |Otlrer recognised
gains and losses|||||||||| |Unrealtsed
mvestment||gains/(losses)|||280I|2,501||(3,095)|(3,095)| |(oct ntovcment|in funds|||G22|2 501|3,123|(11)|(3,095)|(3,106)| |Fund balances at I Apnl 2020||||1,594|14,051|15,645|I,G05|17,146|18,751| |Fund balances|at 31|March 2021||2,21G|16352|18,768|1,594|14,051|15,645| ## ## ## |||||2021||2020| |---|---|---|---|---|---|---| |Fixed assets||||||| |Investments||||||| |900Charibond|Income Units|||13,252||10,759| |2,672 Charibond|Income|Units||3,300||3,292| |(Historical cost|ofinvestments:||K4,640(2020:K4,640))||16,552|| |Current assets||||||| |Cash at bank||||2&216||I,594| |Net current assets|||||2,216|| |Total assets less current||liabilities|||10,768|| |Capital funds||||||| |Endowment
funds|||||16,552|| |Income funds||||||| |Unrestricted
funds|||||2,216|| ||||||IS,768|| ## ## ## ||||||2021|2020| |---|---|---|---|---|---|---| ||||||0|| |Cash flows from operating|||activities|||| |(Deficit)/surplus
for the year|||||3,123|(3,106)| |investment|income recognised|||in profit or loss|(662)|(829)| |Fair value|gains and (losses)||on|investments|(2,501)|3,095| ||||||(40)|(840)| |Investing|activities|||||| |Interest received|||||662|829| |Net increase/(decrease)
in||cash and cash equivalents|||622|| |Cash and|cash equivalents|at|beginning ofyear||1,594|1,605| |Cash and|cash equivalents||at|end ofyear|2,216|1,594| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||||Sad debt|| |---|---|---|---|---|---|---| ||Arrears at||Rent waived||write offs|Arrears at| ||31March||title 'to|Rent|and (write|31March| ||2020|Rent due|COVID|received|backs)|2021| |Property||||||| |202 Holme Lane (tenanted)|12|24,552||24,552|12|| |208 Holme Lane (vacant)|1,097|4,396||5,226||267| |210 Holme Lane (vacant)||||||| |220 - 222 Holme Lane (tenanted)|2,063|8,692|(4,125)|2.505||4,125| |224 Holme Lane (tenanted)|(77)|4,500||4.680||(257)| |226 - 228 Holme Lane (tenanted)|4.042|8,335||7.358||5,019| |234 - 236 Holme Lane (tenanted)|3,900|8,564||15,900|(16,218)|12,782| |238 - 240 Holme Lane (tenanted)||8,960||3,000|(4,606)|10,566| |242 Hohne
Lane (tenanted)|2,051|10,260|(2,500)|3,258||4,553| |&2 Loxley Road||||||| ||13,088|78,259|(6,625)|68,479|(20.812)|37,055| |Flat above 2 Loxley Road||||||| |Flat 6 Loxley Road|1,580|5,925||330|3,160|4„015| |4-6 l.oxley Road|(699)|7,474||8,316||(1,541)| ||881|13,399||8.646|3.160|2.474| |55 Clarkehouse
Road (untenanted)||||||| |59Clarkehouse
Road and||1,000||1.000||| |Squash Court (vacant)||||||| |||1,000||1.000||| |186 - 192Holme Lane (tenanted)||36||||36| |196Holme Lane (tenanted)||9||||9| |198Holme Lane (tenanted)||7||||7| |||52||||52| |Total|13,969|92,710|(6,625)|78,125|(17,652)|39,581|