## |Trustees||JBoulton||||| |---|---|---|---|---|---|---| |||Prof. M Bateman||||| |||JM Ferretti -|Chair|||| |||Z Hamid||||| |||SCTurner||||| |||Dr. RCutting||||| |||KAAustin|||(Appointed|27June 2022)| |||GEGreenup||||| |Law Clerk||SM Greaves||||| |Charity Administrator||G Mills||||| |Charity number||529372 and 529350||||| |Principal address||c/o Wrigleys|Solicitors LLP|||| |||Derwent House||||| |||150Arundel|Gate|||| |||Sheffield||||| |||South Yorkshire||||| |||Sl 2FN||||| |Independent|examiner|M Mealing BscFCCA||||| |||UHY Hacker|Young|||| |||6Broadfield|Court|||| |||Broadfield Way||||| |||Sheffield||||| |||S8 OXF||||| |Solicitors||Wrigleys Solicitors LLP||||| |||Derwent House||||| |||150Arundel|Gate|||| |||SheQield||||| |||South Yorkshire||||| |||Sl 2FN||||| |Investment|advisors|Investec Wealth and Investment||Ltd||| |||Beech House||||| |||61Napier Street||||| |||SheKield||||| |||S1 1 8HA||||| ## ## ||||Page| |---|---|---|---| |Trustees' report|||1-7| |SHEFFIELD GRAMMAR SCHOOL EXHIBITION|||FOUNDATION| |Independent
examiner's|report||| |Statement offinancial|activities||9- 10| |Balance sheet|||| |Stateinent ofcash flows|||12| |Notes to the accounts|||13-25| |FULWOOD EDUCATIONAL||ENDOWMENT|| |Statement offinancial|activities||26| |Balance sheet|||27| |Statement ofcash flows|||28| |Notes to the accounts|||| |APPENDIX A|||| |Rent received|||30| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||||||QO|||||| |---|---|---|---|---|---|---|---|---|---|---|---| |||||||Ch|||||CV| ||||CCI||Ch|Ch|||||CCI| |CC|o||Ch||||||||t| |||||||OO|OO||OQ||| |||||||CCI|Ch||Ch||OO| |||||||Ch|CCI||Ch||CV| ||||||||||||Ch| |0'4|||||||||||| |Q|||||||||||| |||||||||I|I||| |'CC|||||||||||| |CI||'CC|||||||||| |C1|||||||||||| |I||CC|||||||||| |CI|||||||||||| |||4|||||||||| ||||||||||||Ch| |'CC
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V|CC8| ## ## ## ||||||2023|2022|| |---|---|---|---|---|---|---|---| |||||Notes|||| |Fixed assets|||||||| |Intangible
assets||||12|2,800||| |Investment
property||||13|1,425,000||1,425,000| |Investments||||14|2,193,775||2,441,141| ||||||3,621,575||3,866,141| |Current
assets|||||||| |Debtors||||15|58,422|45,638|| |Cash at bank|and in|hand|||230,881|219,113|| ||||||289,303|264,751|| |Creditors: amounts||falling due within|||||| |one year||||16|(127,575)|(84,930)|| |Net current assets|||||161,728||179,821| |Total assets|less current||liabilities||3,783,303||4,045,962| |Capital funds|||||||| |Endowment|funds||||3,209,287||3,397,038| |Income funds|||||||| |Unrestricted|funds||||||| |Designated
funds||||17|10,526|10,526|| |General unrestricted||funds|||563,490|638,398|| ||||||574,016||648,924| ||||||3,783,303||4,045,962| |The financial|statements||were approved|by the Trustees on 18September 2023|||| |JM Ferretti|- Chair||||Ms SM Greaves||| |Trustee|||||Secretary||| ## ## ## |||2023||2022|| |---|---|---|---|---|---| ||Notes||||| |Cash flows from operating|activities||||| |Cash absorbed by operations|20||(206,848)||(158,684)| |Investing
activities|||||| |Purchase ofintangible
assets||(3,000)|||| |Purchase of investtnents||(87,132)||(261,354)|| |Proceeds on disposal of investments||113,204||163,486|| |Interest received||195,544||191,971|| |Net cash generated
from investing|||||| |activities|||218,616||94,103| |Net cash used in financing|activities||||| |Net increase/(decrease)
in cash and cash|||||| |equivalents|||11,768||(64,581)| |Cash and cash equivalents
at|beginning ofyear||219,113||283,694| |Cash and cash equivalents|at end ofyear||230,881||219,113| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||2023|2022| |---|---|---|---| |Rental|income|99,947|110,241| |Income|from listed investments|94,373|81,697| |Interest|receivable|1,224|33| |||195,544|191,971| ## ## |||||Unrestricted|Endowment|Tnfal|Unrestricted|Endowment|'fOtal| |---|---|---|---|---|---|---|---|---|---| |||||funds|funds|2023|funds|funds|2022| |||||general|||general||| |Costs of|eneratin||||||||| |investment|income||||||||| |Rental expenses||||80,427||80,427|41,944||41,944| |Investment|mana|ement|||14,667|14,667||14,998|14,998| |||||80,427|14,667|95,094|41,944|14,998|56,942| |Rental expenses||||||||2023|2022| |Repairs, maintenance|||and|insurance||||14,531|5,777| |Rates and|utilities|||||||8,632|8,044| |Law clerk|fees|||||||21,300|13,920| |Surveyors|and professional|||fees||||29,562|3,111| |Bad debts||||||||6,331|10,964| |Bank charges||||||||71|128| |||||||||80,427|41,944| |Charitable|activities||||||||| |||||||||2023|2022| |Depreciation
and impairment||||||||200|| |Website support costs||||||||360|| |||||||||560|| |Grant funding ofactivities||||(see note 6)||||83,867|72,343| |Share ofgovernance|||costs|(see note 7)||||57,388|54,703| |||||||||141,815|127,046| ## ## ## ## |Grants payable|||||| |---|---|---|---|---|---| ||||2023|2022|| |Grants to institutions||(17grants):|||| |Utopia Theatre|||||5,000| |CRESST|||3,000||3,000| |Steel City Chorister|||||3,000| |Worldwise
Foundation|||||5,000| |King Edward VII School|||1,790||120| |The Ethel Trust|||||1,960| |Opera on Location|||||2,500| |The Sheffield Wheat||Experiment|||1,500| |Whirlow Hall Farm|Trust||2,500||1,000| |Dragons Academy|||||1,250| |DECSY|||2,000||| |Third Angel|||1,000||1,800| |Hope English School|||2,640||| |Luton Carnival Arts|||3,000||| |Stunt Action|||3,200||| |Linley Educational|Trust||5,000||| |Soundpost|||2,000||| |Pollyives Ltd|||1,500||| |Greentop
Community|||1,729||| |King Edward CofE||School|1,500||| |TSD Stunts and Urban Sports Academy CIC|||2,000||| |Work Ltd|||7,000||| |Music in the Round|||2,000||| |Westwood 2015Ltd|||||2,640| |PACES Sheffield|||3,000||5,000| ||||44,859||33,770| |Grants to individuals||(39grants)|39,008||38,573| ||||83,867||72,343| ## ## ## ## |Support|c|osts||||||| |---|---|---|---|---|---|---|---|---| ||||Support|Governance|2023|Support costs|Governance
costs|2022| ||||costs|costs||||| |Independent||||||||| |examination||fees||4,440|4,440||4,200|4,200| |Legal and|professional|||148|148||103|103| |Law clerk|fees|||52,800|52,800||50,400|50,400| |||||57,388|57,388||54,703|54,703| |Analysed|between|||||||| |Charitable||activities||57,388|57,388||54,703|54,703| ## ## ## |||Unrestricted|Endowment|TOtal|Unrestricted|Endowment|| |---|---|---|---|---|---|---|---| |||funds|funds|2023|funds||2022| |||general|||general||| |Revaluation|of||||||| |investments||(50,432)|(195,916)|(246,348)|34,266|128,030|162,296| |Gain/(loss)|on sale of||||||| |investments||2,222|22,832|25,054|(608)|6,251|5,643| |||(48,210)|(173,084)|(221,294)|33,658|134,281|167,939| ## ## ## ## |||||Software|| |---|---|---|---|---|---| ||Cost||||| ||At 1April 2022||||| ||Additions
—separately||acquired||3,000| ||At 31March|2023|||3,000| ||Amortisation|and impairment|||| ||At 1 April 2022||||| ||Amortisation|charged|for the year||200| ||At 31March|2023|||200| ||Carrying
amount||||| ||At 31March|2023|||2,800| ||At 31March|2022|||| |13|Investment|property|||| ||||||2023| ||Fair value||||| ||At 1 April 2022 and 31March 2023||||1,425,000| ## ## ## ## |||2023|2022| |---|---|---|---| |Cost||175,438|175,438| |Accumulated|depreciation||| |Carrying
amount||175,438|175,438| |Fixed asset|investments||| ||||Listed| ||||investments| |Cost or valuation|||| |At 1 April 2022|||2,441,141| |Additions|||87,132| |Valuation
changes|||(246,348)| |Disposals|||(88,150)| |At 31 March|2023||2,193,775| |Carrying
amount|||| |At 31 March|2023||2,193,775| |At 31March|2022||2,441,141| ## ## ## |15|Debtors||||| |---|---|---|---|---|---| |||||2023|2022| ||Amounts
falling due||within one year:||| ||Trade debtors|||40,631|31,956| ||Other debtors|||10,660|9,273| ||Prepayments|and accrued income||7,131|4,409| |||||58,422|45,638| |16|Creditors: amounts||falling due within one year||| |||||2023|2022| ||Trade creditors|||77,818|42,214| ||Other creditors|||26,480|19,841| ||Accruals and|deferred|income|23 277|22,875| |||||127,575|84,930| ||||||||||||O
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aS||V|| |||||0||CS||||aS||||| |||||0|||||||||U|| ## ## ## ## ||There were no disclosable related party transactions|There were no disclosable related party transactions|during|during|the year (2022 —none).|the year (2022 —none).|| |---|---|---|---|---|---|---|---| |20|Cash generated
from operations|||||2023|2022| ||(Deficit)/surplus
for the year|||||(262,659)|175,922| ||Adjustments
for:||||||| ||Investment
income recognised|in statement offinancial||activities||(195,544)|(191,971)| ||Gain on disposal ofinveshnents|||||(25,054)|(5,643)| ||Fair value gains and losses on investments|||||246,348|(162,296)| ||Depreciation
and impairment
oftangible fixed assets|||||200|| ||Movements
in working capital:||||||| ||(Increase)/decrease
in debtors|||||(12,784)|5,689| ||Increase in creditors|||||42,645|19,615| ||Cash absorbed by operations|||||(206,848)|(158,684)| |21|Analysis ofchanges in net funds||||||| ||The charity had no debt during|the year.|||||| ## ## ## |||||Unrestricted|Endotvmcnt|Total|Unrestricted|Endowment|Total| |---|---|---|---|---|---|---|---|---|---| |||||fund|fund|2023|fund|fund|2022| |Income from:|||||||||| |Investments||||698||G98|516||516| |Other income|||||||1,000||1,000| |Total income||||698||698|1,516||1,516| |Expenditure
on:|||||||||| |Sundry
expenses||||||40|40||40| |Total resources|expended|||40||40|40||40| |Net income/(expenditure)|||for the year|G58||658|1,476||1,476| |Other recognised
gains and losses|||||||||| |Unrealised
investment||(losses)/gains|||(611)|(611)||1,041|1,041| |Net movement|in funds|||G58|(GII)||1,476|1,041|2,517| |Fund balances at I April 2022||||3,G92|17,593|21,285|2,216|16,552|18,768| |Fund balances|at31|Marcb 2023||4,350|16,982|21,332|3,692|17,593|21,285| ## ## ## ||||2023||2022| |---|---|---|---|---|---| |Fixed assets|||||| |Investments|||||| |900 Charibond|Income Units||13,865||14,217| |2,672 Charibond|Income Units||2,895||3,154| |Cash|||222||222| |(Historical cost|ofinvestments:|K4,862 (2022:K4,862))||16,982|| |Current assets|||||| |Cash at bank|||4,350||3,692| |Net current assets||||4,350|| |Total assets less current liabilities||||21,332|| |Capital funds|||||| |Endowment
funds||||16,982|| |Income funds|||||| |Unrestricted
funds||||4,350|| |||||21,332|| ## ## ## ||||||2023|2022| |---|---|---|---|---|---|---| |Cash flows from operating|||activities|||| |Surplus for the year|||||47|2,5 I7| |Investment|income recognised|||in profit or loss|(698)|(516)| |Fair value|gains and (losses) on investments||||611|(1,041)| ||||||(40)|960| |Investing|activities|||||| |Interest received|||||698|516| |Net increase/(decrease)||in|cash and cash equivalents||658|1,476| |Cash and|cash equivalents|at beginning ofyear|||3,692|2,216| |Cash and|cash equivalents||at|end ofyear|4,350|3,692| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||||Bad debt|| |---|---|---|---|---|---| ||Arrears at|||write offs|Arrears at| ||31March||Rent|and (write|31March| ||2022|Rent due|received|backs)|2023| |Property|||||| |202 Holme Lane (tenanted)||24,596|24,000||596| |208 Holme Lane (vacant)|(1,186)|||(1,186)|| |210Holme Lane (vacant)||4,052||4,052|| |220 - 222 Holme Lane (tenanted)|2,063|8,726|6,188||4,601| |224 Holme Lane (tenanted)|(156)|10,000|10,000|(156)|| |226 - 228 Holme Lane (tenanted)|3,996|8,335|8,004|2,000|2327| |234 - 236Holme Lane (tenanted)|9,877|8,588|6,000||12,465| |238 - 240 Holme Lane (tenanted)|13,122|6,954|1,650|18,426|| |242 Holme Lane (tenanted)|4,557|10,280|9,996||4,841| |&2 Loxley Road|||||| ||32,273|81,531|65,838|23,136|24,830| |Flat above 2 Loxley Road||4,520|2,740|(445)|2,225| |Flat 6 Loxley Road
4-6 Loxley Road|1,675
(2,858)|5,700
7,511|3,800
8,317|1,675
18|1,900
(3,682)| ||(1,183)|17,731|14,857|1,248|443| |55 Clarkehouse
Road (untenanted)|||||| |59Clarkehouse
Road and|1,000|1,000|1,000|1,000|| |Squash Court (vacant)|||||| ||1,000|1,000|1,000|1,000|| |186- 192Holme Lane (tenanted)|72|180||72|180| |196Holme Lane (tenanted)|18|9|27||| |198Holme Lane (tenanted)|(51)|7|||(44)| ||39|196|27|72|136| |Total|32,129|100,458|81,722|25,456|25,409|