## ## |Trustees|||J Boulton||||| |---|---|---|---|---|---|---|---| ||||Prof. M Bateman||||| ||||J M Ferretti - Chair||||| ||||Z Hamid||||| ||||SC Turner||||| ||||D F Booker||||| ||||Dr. R Cutting||||| ||||H C Gandy||||| ||||K A Austin|||(Appointed|27.tune 2022)| ||||G EGreenup|||(Appointed|20 September 2021)| |Law Clerk|||S M Greaves||||| |Charity Administrator|||Ci Mills||||| |Charity number|||52')372 and 52')»(I||||| |I'rincipsl|address||c/o Wrigleys|Solicitors LI P|||| ||||Derwent
Ilouse||||| ||||150Arultdei|(iilie|||| ||||Sheftield||||| ||||South YorLshirc||||| ||||S I 21'N||||| |Independent||examiner|R J Givans BA FCA||||| ||||UHY I-lacher|Young|||| ||||6 Broadfield|Court|||| ||||Broadfield
Wa)||||| ||||Sheftield||||| ||||S8OXF||||| |Solicitors|||Wrigleys
Solicitors LL,P||||| ||||Derwent
House||||| ||||150Arundel|Gate|||| ||||Sheffield||||| ||||South Yorl.shire||||| ||||S I 2FN||||| |Investment||advisors|Investec
Wealth and Investment||Ltd||| ||||Beech House||||| ||||61 Napier Street||||| ||||Sheffield||||| ||||SI I 8HA||||| ## ## |||||Page| |---|---|---|---|---| |Trustees'
report||||1-7| |SHEFFIELD GRAMMAR SCHOOL EXHIBITION||||FOUNDATION| |Independent|examiner's|report||| |Statement
ot|financial|activities||9- l0| |Balance sheet||||| |Statement
ot'|cash t1ows|||| |Notes to the accounts||||13 - 23| |FULWOOD|EDUCATIONAL||ENDOWMENT|| |Statement of|financial|activities||34| |Balance sheet||||| |Statement of|cash flows|||| |Notes to the accounts||||77| |APPENDIX|A|||| |Rent received||||| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||||CJ|CJ|| |---|---|---|---|---|---|---| |n||||Cl||| |||||Cl||| |QO
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'IJ| |Qlz||||||I-| ## ## ## |||||2022|202l|| |---|---|---|---|---|---|---| ||||Notes|||| |Fixed assets||||||| |Investment|properties||ll|1,425,000||1,425,000| |Investments|||12|2,-'141, 141||2,175,334| |||||3,866,141||3,600.334| |Current
assets||||||| |l&cbturs|||13|45.638|51,327|| |Cash at bank and in hand||||219.113|283,694|| |||||264.751|335,021|| |Creditors:|antounts|falling due within||||| |unc year|||14|(8-'1.930)|(65,315)|| |btct current|assets|||179.821||269.706| |'I'otal assets|less current liabilities|||-1.045.962||3,870,040| |Capital funds||||||| |I mlowtnent|I'unds|||3 397038||3,277.755| |Income funds||||||| |Unrestricted|funds|||||| |Designated|funds|||I0.526|I0.526|| |General unrestricted||I'unds||638.398|581,759|| |||||648,924||597.285| |||||4.045,962||3,870,040| ## ## ## |||||||2022||2021|| |---|---|---|---|---|---|---|---|---|---| ||||||Notes||||| |Cash flows from operating|||activities||||||| |Cash absorbed
by operations|||||||(158.684)||(136,879)| |Investing
activities|||||||||| |Purchase of investments||||||(261.351)||(137,916)|| |Proceeds on disposal of|investments|||||163.486||172,276|| |Interest received||||||191.971||163,581|| |Net cash generated
from||investing|||||||| |activities|||||||94,103||197.941| |Net cash used in financing|||activities||||||| |Net (decrease)/increase|in|cash and cash|||||||| |equivalents|||||||(64.581)||61,062| |Cash and cash equivalents||at beginning||of3|ear||283.694||222.632| |Cash and cash equivalents|||at end of|year|||219.113||283.694| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||2022|2021| |---|---|---|---| |Rental|income|110,241|95,742| |Income|from listed investments|81,697|67,732| |imerest|receivabie|aa|107| |||191,971|163,581| ## ## ## |||||l'nresirieled|I'.ndu»sneni|TO(at|l'nreslrie)ed|ands)s)neni|TO(at| |---|---|---|---|---|---|---|---|---|---| |||||funds|fnr»ls|2022|funds|funds|2021| |||||general|||general||| |~CI|||||||||| |mvestment|income||||||||| |Rental expenses||||41,944||41,944|52,683||52,683| |Investment|mana|ement|||14.998|14998||13,340|13,340| |||||41,944|14,998|56.9-12|52,683|13,340|66,023| |Rental expenses||||||||2022|2021| |Repairs, maintenance|||and|insure)nc«||||:i.777|34,302| |Rates and|utiliti«s|||||||8.044|7,277| |Lasv clerk|fees|||||||13,920|17,400| |Surveyors|and prot'essionaf|||foes||||3.I
I
I|4.66I4| |Bad debts||||||||10964|(17,665)| |COVID rent waived|||||||||6,625| |Bank charges||||||||128|80| |||||||||41,944|52,683| |Charitable|activities||||||||| |||||||||2022|2021| |Grant funding ofactivities||||(see note 6)||||72,343|28,793| |Share ofgovernance|||costs|(see note 7)||||54,703|51,200| |||||||||127,046|79,993| ## ## ## ## ## |Grants payable||||||||| |---|---|---|---|---|---|---|---|---| |||||||2022|2021|| |Grants to institutions||(13grants):||||||| |Utopia Theatre||||||5.000||| |CRESST||||||3.000||| |Steel City Chorister||||||3.000||| |Worldwise
Foundation||||||5,000||| |Kine Edward
Vll School||||||170||120| |The Ethel Trust||||||1.960||| |Opera on Location||||||'2.500||| |The Shet'tield
Wheat||Experiment||||1.500||| |Whirlow
Hall Farm|Trust|||||1.000||1.000| |Dragons Academy||||||1.250||| |Young Singers||||||||(533)| |35th Shel'field (St.Ostvald's)|||Scouts|||||1,840| |Third Angel||||||1,800||| |Ignite Imaginations|I|td||||||(2,000)| |Westwood 2015 Ltd||||||2.640||2,000| |Friends and Volunteers||ot'Shet'iield||Music|I-lub|||2.000| |PACFS She(I teld||||||5.000||| |Police Community|Clubs|||||||2.000| |||||||33.770||6.428| |Grants to individuals|(36grants)|||||38.573||22,365| |||||||72,343||28,793| ## ## ## |Support|c|osts||||||||| |---|---|---|---|---|---|---|---|---|---|---| ||||SuppOrt|GOVernanCe|2022|Snnaertcnsts|I|Urernnnce
cetic|202)|| ||||costs|costs||||||| |liidcpcndent||||||||||| |cxtunination||fees||4,200|4.200|||3,960|3,960|| |I c al and|professional|||103|103|||140||140| |I aw clerk||fees||50,400|50,400|||47,100|47,|100| |||||54,703|54,703|||51,200|51,200|| |Analysed|between|||||||||| |Charitable||activities||54,703|&4,703|||51,200|51,200|| ## ## ## |||I|nrestrietcd|Vndu»sueni|'fatal|I|nrestricted|nndU'I'IUICUI|Total| |---|---|---|---|---|---|---|---|---|---| ||||fUUds|funds|2022||funds|funds|2021| ||||Senernl||||rene»It||| ||||f.||||||| |Revaluation|of||||||||| |investments|||34,266|128.030|162.296||63,596|308.072|371,668| |Gain/(loss)|on sale of||||||||| |investments|||(608)|6,751|5,643||4,381|(8,073)|(3,692)| ||||33,658|134.781|167.939||67.977|299.999|367.976| ## ## |11|Investment|property|| |---|---|---|---| ||||2022| ||Fair value||| ||At
I April|2021 and 31 March 2022|1,425,000| |||2022|2021| |---|---|---|---| |Cost||175.438|175,438| |Accumulated|depreciation||| |Catvyin
~ alttoullt||173.438|175,438| |Fixed asset|investments||| ||||Listed| ||||investments| |Cost or valuation|||| |At
I April 2021|||2,175,334| |Additions|||261,354| |Valuation
changes|||162,296| |Disposal s|||(157,843)| |At 31 March|2022||2,441,141| |Carrying
amount|||| |At 31 March|2022||2,4-11.141| |At 31 March|2021||2,175,334| ## ## ## ## ## ## |13|I)cbtors|||||| |---|---|---|---|---|---|---| ||||||2022|202I| ||Amounts
falling||due within|one year:||| ||Irenic debtors||||31,956|39.773| ||()ther debtors||||()273|7,414| ||I'repayments|aml|tccrued income||4.409|4.140| ||||||45,C)3)8|51,327| ## |Creditors: amounts
|falling duc w.ithin one year||| |---|---|---|---| |||2022|2021| |Trade creditors||42,214|5.272| |Other creditors||-180|480| |Accruals
and deferred|income|47.236|59,563| |||84,930|65,315| |Vc0
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from operations|Cash generated
from operations|Cash generated
from operations||2022|2021| |---|---|---|---|---|---|---| ||Surplus for the year||||175.922|385,541| ||Adjustments
for:|||||| ||Investment
income|recognised|in statement offinancial|activiiies|(191.971)|(163,581)| ||(Gain)/loss
on disposal ofinvestments||||(5,643)|3,692| ||I'air value gains and|losses on|investments||(162,296)|(371,668)| ||Movements
in working capital:|||||| ||Decrease/(increase)|in debtors|||5.689|(25,593)| ||Increase in creditors||||19.615|34.730| ||Cash absorbed
by|operations|||1158.684)|(136,87'))| |19|Analysis
o'fchanges|in net funds||||| ||I he charity
had no debt iluring||the year,|||| ## ## ||||Unrcstrictcd|Endnvvtnent|Total|Unrestricted|Endovvment|Total|| |---|---|---|---|---|---|---|---|---|---| ||||lund|fund|2022|fund|fund|2021|| ||||0||||5||| |Income from:|||||||||| |Invc tmenu|||516||516|ti62||662|| |Other mcumc|||1.000||1.000||||| |Total incontc|||1.516||ISIG|662|||| |Expcnditurc
on:|||||||||| |Sundry cxpcnses|||4U||40|40|||-10| |Total resources expended|||40||||||40| |Set incnnte for tits vcar|||1.476||1,476|f27||622|| |Other recofnised|Oains nnd losses||||||||| |Uttrceltscd
tnvmvtmcnt||atttts||I.t)41|1,041||2.501|2.501|| |Vct ntm cmcnt in funds|||1.476|1.041|2,(17|62|2.501|3.123|| |I'und balances
at|I Rpnl 2t)21||v.216|16.552|18,76tl|1rP)-I|14.U51|15.t|45| |Iand balances
at 31||319rch 2022|3.692|17,59;I|21 205|2.216|1(9552|Itt.yott|| ## ## ## ||||||2022||2021| |---|---|---|---|---|---|---|---| ||||||||f| |Fixed assets|||||||| |Investments|||||||| |900 ('harihond||Income Units|||14,217||13,252| |18672 Ollarihond||11»:ome|Units||3,154||3,300| |(';lsh|||||222||| |( I hst»l loll covt||ol investments:||64,862 (2021:(4,640))||17,593|| |( nl'I'cnt llsscts|||||||| |(',Iih al lnlnl|||||3,692||2,216| |vcf current|Ilsscts|||||3,692|| |I'»I al assets|less current||liabilities|||21,285|| |('spital funds|||||||| |I:nd»wnlcnt|funds'|||||17,(93|| |Income funds|||||||| |Unrestricted|funds|||||3,692|| |||||||21,285|| ## ## ## |||||||2022|2021| |---|---|---|---|---|---|---|---| |Cash flows from operating|||activities||||| |Surplus
for the year||||||2,517|3.123| |Investment|income recognised|||in protit|or loss|(516)|(662)| |Fair value|(gains) on invcstmcn(s|||||(1,041)|(2,501)| |||||||960|(40)| |Investing|activities||||||| |Interest reccivcd||||||516|662| |iVet increase
in cash and||cash||equivalents||1.476|622| |Cash and|cash equivalents|at|hcginning||ofyear|2,216|1.594| |Cash and|cash equivalents||at|end ofvear||3,692|2.216| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||||||Bad debt|| |---|---|---|---|---|---|---|---| ||||Arrears at|||write offs|Arrears at| ||||31 March||Rent|and (write|31 March| ||||2021|Rent due|received|backs)|2022| |Property|||||||| |202 I-lolme Lane|(tenanted)|||24,000|24.000||| |208 )to(me I.mic|(iacunt)||267|5,542|2.400|-1.595|(1.186)| |210 Ila(me (.anc|(vacant)|||5,139||3. 13r)|| |220 - 222 Ilolmc|Lane (mnantcd)||4.125|8,250|If).. 12||2.0(i3| |224 llolme I.anr:|(tr:nantcd)||(757)|4421|-1.320||(156)| |226 - 228 Ilolrnc|I one (ten|an ted I|5.01')|8,000|9.023||3.996| |23-1 - 236 Ilolmc|I anc (t«namcil)||12.782|8,250|2()akin|(8.845)|9.877| |238 - 240
I lolme|I.unc (tenanted)||Ib.56(i|8,250|2.700|23)94|13.122| |242 Ilolmc l,unc|(tenanted)||4.553|10,000|9.18)()||4.557| |rrt 2 l,uilei
Roail|||||||| ||||370i5|81,852|82.751|L883|32.273| |Irlnt al»ivc 2(.oilc) ler»rd||||3.G00|.L(on||| |I'hn (i(o»lci
(triad|||4.015|4,740||7.080|1.673| |4 - (i I.oslci lbiarl|||( I.i-l I )|7,000|8.3 17||(2.858)| ||||2.-174|15340|II.r)17|7.080|().183)| |55 ('larkihuusic
(bind (untatomcd)|||||||| |59('larkchouic
(bind and||||1.000|||1.000| |Sgll Is(i ( Iilll't|( rill»Ill()||||||| |||||1,000|||1.000| |186 - Ir)2 Ilrilnic|I.onc ltenantcrll|||36|||72| |196 I lo(me I.mic|((crmn (cd|)||9|||18| |198)hi(me l,anc|(tcnantcri)|||7|65||(5i)| ||||52|52|65||39| |Total|||39,581|98,244|94,733|10,9G3|32,(29|