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## 

|Trustees'<br>and directors'<br>report (including|Trustees'<br>and directors'<br>report (including|strategic report)|||||||
|---|---|---|---|---|---|---|---|---|
|Statement oftrustees'<br>responsibilities|in|respect ofthe strategic report, the trustees'|||||report and the consolidated||
|financial<br>statements||||||||13|
|Independent<br>auditor's<br>report to the members ofSheffield|||City Trust|||||14|
|Consolidated<br>statement offinancial|activities (incorporating|||income|dt expenditure||account)|18|
|Company<br>statement offinancial activities||(incorporating|income dt||expenditure|accouni)||19|
|Consolidated<br>balance sheet||||||||20|
|Company<br>balance sheet||||||||21|
|Consolidated<br>cash flow statement||||||||22|
|Notes to the financial<br>statements||||||||23|





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|HG emisslons<br>and energy use datafor|pe|riod I-|A|pril-2|021|to 3|1-Mare/i-2022||
|---|---|---|---|---|---|---|---|---|
||||||||Baseline Reporting Year|Current Reporting Year|
||||||||2019-2020|2021-2022|
||||||||UK GHG Emission and|UK GHG Emission and|
||||||||Energy Data|Energy Data|
|Energy<br>consumption<br>used<br>to calculate<br>mandatory<br>energy sources are included.||emissions||(kWh],||all|47,407,108|45,432,606|
|Scope 1:Emissions<br>from the combustion|of|Natural|Gas tCOze||||2,877.2|1,935.0|
|Scope 1:Emissions<br>from combustion<br>of Fuel for <br>heating (Tinsley) tCOze|||transport|||and|81.6|32.2|
|Scope 3: Emissions<br>from<br>business<br>travel||in employee|||owned||||
|vehicles,<br>where<br>the<br>company<br>repaid|mileage||claims||tCOze||3.8|4.8|
|(average vehicle / fuel source unknown)|||||||||
|Scope 2:Emissions<br>from purchased<br>Electricity tCOze|||||||4,674.1|3,454.1|
|Scope 2: Emissions<br>from purchased<br>Heat <br>Heating tCOze||/ Steain||from|District||1,286.3|1,775.6|
|Total gross Coze based on above [tCOze]|||||||8,923.0|7,200.1|
|Intensity<br>Ratio: kg COze gross based on|mandatory|||fields|above||||
|per metre square ofGross Internal Area:|||||||60.3kg COze m|53.0kg COze m.z|
|(kg COze m.z]|||||||||



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## 

|For the year ended 3|1M|arc|h|21)22||||<br>||
|---|---|---|---|---|---|---|---|---|---|
|||||||Unrestricted|Restricted|Total|Total|
|||||||funds|Funds—|funds|funds|
||||||||charitable|||
||||||||activities|||
||||||Note|2022|2022|2022|2021|
|||||||%000|$000|5000|f000|
|Incoming<br>resources||||||||||
|Income from charitable|activities|||||20,235||20,235|5,224|
|Investment<br>income||||||9||9|5|
|Income<br>from<br>donations|and||legacies - Grants|||1,321||1,321|8,849|
|receivable||||||||||
|Income from donations|and legacies - Sheffield|||||7,569|3,943|11,512|I1,742|
|City Council||||||||||
|Total incoming<br>resources||||||29,134|3,943|33,077|25,820|
|Resources expended||||||||||
|Expenditure<br>on raising|funds|||||(13,223)|(1,624)|(14,847)|(9,843)|
|Expenditure<br>on charitable||activities —general||||(16,443)|(665)|(17,108)|(I8,457)|
|Expenditure<br>on charitable||activities - pension||||12,957||12,957||
|Total resources expended|||||3|(16,709)|(2&289)|(18,998)|(28,300)|
|Net incoming/(outgoing)||resources before tax|||6|12,425|1,654|14&079|(2,480)|
|Taxation|||||9|396||396|68|
|Net incoming/(outgoing)<br>other recognised<br>gains|resources before<br> and losses|||||12,$21|t,654|14,475|(2,412)|
|Actuarial<br>gain/(loss)<br>recognised||||in the pension|2/|3,677||3,677|(2,530)|
|scheme||||||||||
|Related tax|||||||||19|
|Net profit/(loss)<br>in the|year|||||16,498|1,654|1$,152|(4,923)|
|Fund balances brought|forward|||||(18,510)|30,688|12,178|17,10)|
|Fund balances carried|forward||||4/5|(2,012)|32442|30,330|12,178|





## 

|||||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|---|---|---|
|||||||funds|funds—|funds|funds|
||||||||charitable|||
||||||||activities|||
||||||Note|2022|2022|2022|2021|
|||||||5000|5000|%000|f000|
|Incoming<br>resources||||||||||
|Income from charitable|activities|||||8,474||8&474|3,092|
|Invesnnent<br>income||||||9||9|5|
|Income from donations|and legacies||—Cnants receivable|||692|1,909|2,601|5,022|
|Income from donations|and legacies||- Sheffield|City||||||
|Council||||||7&204||7,204|11,742|
|Total incoming<br>resources||||||16,379|1,909|18,288|19,861|
|Resources expended||||||||||
|Expenditure<br>on charitable activities —general||||||(16,695)|(665)|(17360)|(19,017)|
|Expenditure<br>on charitable activities|||- pension|||12,957||12&957||
|Total resources expended||||||(3,738)|(665)|(4,403)|(19,017)|
|Net incoming resources before||tax||||12,641|1,244|13,885||
|Tax||||||||||
|Net incoming<br>resources before||other recognised||||||||
|gains and losses||||||12,641|1,244|13,885|844|
|Actuarial<br>gain/(loss)<br>recognised||in the pension||scheme|2/|3,677||3,677|(2,186)|
|Net profit/Ooss)<br>in the|year|||||16418|1,244|17,562|(1,342)|
|Fund balances brought|forward|||||(18,560)|9,930|(8,630)|(7,288)|
|Fund balances carried|forward||||4/5|(2,242)|11,174|8,932|(8,630)|





## 

|As at31Itfarcit 202|2||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
|||||||Note||2022||2021|
||||||||5000|5000|OOOO|5000|
|Fixed assets|||||||||||
|Intangible<br>Assets||||||II|26||35||
|Tangible fixed assets||||||12|151,986||152,636||
|Negative goodwill||||||IO|(6,573)||(6,778)||
|||||||||145,439||145,893|
|Current<br>assets|||||||||||
|Stocks||||||I4|216||123||
|Debtors<br>(including|debtors||due|atter<br>one|year|of<br>I5|34,356||35,651||
|632,490,000(202Ii 632,49a000))|||||||||||
|Cash at bank and in hand|||||||7,968||4,147||
||||||||42,540||39,921||
|Creditors:<br>amounts|falling||due within one year||||(29,922)||(29,631)||
|Net current assets||||||||12,618||10,290|
|Total assets less current liabilities||||||||158,057||156,183|
|Creditors: amounts|falling||due atter more than||||||||
|one year||||||I7||(127,727)||(127,674)|
|Provisions for liabilities||||||I8||||(396)|
|Net assets —excluding||pension asset and liability||||||30g30||28,113|
|Pension<br>liability||||||2I||||(15,935)|
|Net assets —including||pension asset and liability||||||30330||12,178|
|Fund balances|||||||||||
|Unrestricted<br>reserves|||||||||||
|Designated<br>reserve||||||||505||512|
|General reserve||||||||(2,517)||(3,087)|
|Pension reserve||||||||||(15,935)|
|Net unrestricted<br>funds||||||||(27012)||(18,510)|
|Restricted funds||||||||32,342||30,688|
|Total funds||||||||30,330||12,178|
|The accompanying|notes form part ofthe financial statements.||||||||||
|These financial<br>statements|||were approv<br>dby||the|board ofdirectors on 21July 2022 and were|||signed on its|behalf by:|
|D Grey MBE|||||||||||
|Chairman|||||||||||
|Charity Registration|Number 700520 / Company|||||re istration|number: 2164600||||





## 

|||||||Note||2022||2021|
|---|---|---|---|---|---|---|---|---|---|---|
||||||||8000|f000|f000|f000|
|Fixed assets|||||||||||
|Invesnnents||||||13|||||
|Intangible<br>assets||||||ii|26||35||
|Tangible fixed assets||||||)2|125,282||125,440||
|||||||||125,308||125,475|
|Current assets|||||||||||
|Stock||||||)4|||9||
|Debtors (including|debtors|||due after|one year of|15|33376||35,495||
|532,490,000(2021|-|$32,490,000))|||||||||
|Cash at bank and in|hand||||||1,474||2,629||
||||||||34,850||38,133||
|Creditors:<br>amounts||falling due within one year||||16|(23,499)||(28,629)||
|Net current assets||||||||11451||9,504|
|Total assets less current liabilities||||||||136,659||134,979|
|Creditors:<br>amounts||falling||due after more than|||||||
|one year||||||||(127,727)||(127,674)|
|Net assets —excluding|||pension liability|||||8,932||7,305|
|Pension<br>liability||||||2I||||(15,935)|
|Net liabilities —including||||pension|liability|||8,932||(8,630)|
|Fund balances|||||||||||
|Unrestricted<br>reserves|||||||||||
|Designated<br>reserve||||||||505||512|
|General reserve||||||||(2,747)||(3.137)|
|Pension reserve||||||||||(15,935)|
|Net unrestricted<br>funds||||||||(2,242)||(18,560)|
|Restricted funds||||||||11,174||9,930|
|Total funds||||||||8,932||(8,630)|






|Consolidated<br>cash flow statement|Consolidated<br>cash flow statement||||
|---|---|---|---|---|
|Foryear ended 31March 2022|||||
|||Nore|2022|2021|
||||8000|EOOO|
|Cash flows from operating<br>activities|||||
|Net incoming/(outgoing)<br>resources before other recognised gains orlosses|||14,475|(2,412)|
|Ad/us/meats<br>fori|||||
|Depreciation<br>and amortisation||IO/I I//2|3,603|3,199|
|Interest receivable<br>and similar income|||(9)|(5)|
|interest payable and similar charges|||3&338|4,248|
|Pension (receipts)/charges<br>in excess ofcash contributions|||(12,600)|112|
|Tax|||(396)|(68)|
|(Profit)/loss<br>on disposal|||(539)|33|
||||7,872|5,107|
|Decrease/(increase)<br>in trade and other debtors||/5|1,252|(597)|
|(Increase)/decrease<br>in stocks||/4|(93)|27|
|Increase in trade and other creditors||/6|414|97|
||||9,445|4,634|
|Tax received|||43||
|Net cash from operating<br>activities|||9,488|4,634|
|Cash flows from investing<br>activities|||||
|Acquisition oftangible fixed assets<br>Acquisition ofintangible<br>assets||/2<br>II|(3,619)|(1,662)<br>(43)|
|Proceeds from disposal oftangible|fixed assets||1,009||
|Interest received|||9||
|Net cash from investing<br>activities|||(2,601)|(1,700)|
|Cash flows from financing<br>activities|||||
|Proceeds from new loan|||15,910|15,894|
|Interest paid|||(2,991)|(3,940)|
|Repayment ofborrowings|||(15,721)|(14,709)|
|Payment offinance lease liabilities|||(264)|(425)|
|Net cash fram financing<br>activities|||(3,066)|(3,180)|
|Net increase/(decrease)<br>in cash and|cash equivalents||3,821|(246)|
|Cash and cash equivalents<br>brought|forward||4,147|4,393|
|Cash and cash equivalents<br>carried forward|||7,968|4,147|





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## 

||||||||2022|2021|
|---|---|---|---|---|---|---|---|---|
||||||||8000|6000|
|Turnover|||||||11,762|1,963|
|Other operating<br>income|||||||2325|1,515|
|Raw materials<br>and consumabies|||||||(1,486)|(95)|
|Staffcosts|||||||(3~527)|(2,297)|
|Depreciation|||||||(1,208)|(871)|
|Other operating<br>charges|||||||(9,299)|(3,480)|
|Operating<br>loss|||||||(1,433)|(3,265)|
|Net interest payable|||||||(2)|(26)|
|Loss on ordinary<br>activities before taxation|||||||(1,435)|(3,291)|
|Tax on loss on ordinary<br>activities|||||||395||
|Loss retained<br>in the subsidiary|||||||(1,040)|(3,291)|
|The directors reviewed<br>the funding||arrangeinents||for Sheffield International||Venues Limited and its budgets for|||
|the coming years and believe|that it will gradually|||start to make a positive||contribution|to the financial|affairs|
|ofthe charity as the business|returns|to normal levels following|||the Covid-19 pandemic.||||
||||||||2022|2021|
|The assets and liabilities ofthe|subsidiary||were||||5000|6000|
|Tangible fixed assets|||||||3,392|3,020|
|Current assets|||||||8,716|11,025|
|Creditors: amounts<br>falling due within one|||year|||(10,805)||(11,818)|
|Creditors: amounts<br>falling due after more|||than one year||||(1,303)|(792)|
|Provisions for liabilities||||||||(395)|
|Net assets||||||||1,040|
|Statement ofother comprehensive|income||||||||
||||||||2022|2021|
||||||||5000|f.000|
|Loss for the financial<br>period|||||||(1,040)|(3,291)|
|Total comprehensive<br>expense|for the|financial year|||||(1&040)|(3,291)|






## 

|7Hills Leisure Trust||||
|---|---|---|---|
||Unrestricted|||
||funds-|Total|Total|
||General|funds|funds|
||2022|2022|2021|
||f000|f000|f000|
|Incomiag resources||||
|Income from charitable<br>activities|||35|
|Income from donations<br>snd legacies - grants receivable|||12|
|Total incoming resources|||47|
|Resources expeaded||||
|Expenditure<br>on charitable<br>activities|(414)|(414)|(122)|
|Total resources expended|(414)|(414)|(122)|
|Net outgoing resources before other||||
|recogaised gains and losses|(414)|(414)|(73)|
|Net movements<br>in the year|(414)|(414)|(75)|
|Fund balances at I April 2021|414|414|489|
|Fund batauces carried forward|||414|



||||2022|2021|
|---|---|---|---|---|
|The assets and liabilities ofthe subsidiary||were:|8000|8000|
|Current assets||||2,187|
|Creditors: amounts|falling due within one|year||(1,773)|
|Net assets||||414|





## 

||||2022|2021|
|---|---|---|---|---|
||||8000|f.000|
|Income|||||
|Lottery grant released|||433|433|
|Yorkshire Forward|grant|released|14|14|
|Lifecycle fund|||53|93|
|Grant income|||71|71|
|Other income|||91|91|
|Total income|||662|702|
|Expenditure|||||
|Building Maintenance||||(40)|
|Depreoiation|||(658)|(658)|
|Operating<br>profit|||||
|Profit on ordinary|activities before tax|||4|
|Tax on profit on ordinary||activities||35|
|Protlt retained<br>in|the subsidiary|||39|



||||2022|2021|
|---|---|---|---|---|
|The assets and liabilities ofthe subsidiary||were:|f000|f000|
|Tangible fixed assets|||16,741|17,399|
|Current assets|||2,611|2,520|
|Deferred income; amounts|falling due within one year||(571)|(571)|
|Deferred income: amounts|falling due after more than one year||(18,882)|(19,453)|
|Net liabilities|||(101)|(105)|





## 

## 

||||||2022|2021|
|---|---|---|---|---|---|---|
||||||f000|f000|
|Tiiinover||||||123|
|Other operating<br>income|||||65|1,575|
|Raw materials<br>and consumsbles||||||(46)|
|Staff costs|||||241|(632)|
|Depreciation||||||(20)|
|Other operating<br>charges|||||(67)|(884)|
|Operating<br>protit|||||239|116|
|Other finance income||||||3|
|Other income|||||1,502||
|Protit on ordinary<br>activities before taxation|||||1&741|119|
|Tax on profit on ordinary<br>activitim||||||32|
|Profit retained<br>in the subsidiary|||||1,741|151|
|The operation ofTapton Golf|course|was transferred|to Sheffield City Trust on 1 May 2020 and the|||assets|
|and liabilities<br>were transferred|at their net book value on this date. The||||operation of Scarborough|Spa,|
|Whitby Pavilion and Peasholm|Park|Cafe was transferred||to Scarborough|Borough Council on 1 February||
|2021 following<br>termination ofthe contract.|||||||
||||||2022|2021|
|The assets and liabilities ofthe subsidiary||were:|||f000|f000|
|Current assets||||||1,815|
|Creditors: amounts<br>falling due within one year||||||(3,556)|
|Net assets/(liabilities)||||||(1,741)|
|Statement ofother comprehensive|income||||||
||||||2022|2021|
||||||f000|f000|
|Profit for the financial<br>year|||||1,741|151|
|Actuarial<br>loss recognised<br>in the pension||scheme||||(344)|
|Tax on actuarial<br>loss||||||19|
|Total comprehensive<br>income/(expense)||for the tinancial|year||1,741|(174)|





## 


|||||||||||Group||Company||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Unresuicted|funds||||||||2022||2021|2022|2021|
||||||||||8000||f000|8000|f000|
|Expenditure|on raising junds|||||||||||||
|Ground rent|||||||||40||26|||
|Other finance income —including||||||pension|||I||(3)|||
|Overheads|including|staff||costs,|||depreciation|and||||||
|finance lease interest|||||||||13,182||8,902|||
||||||||||13,223||8,925|||
|Expenditure|on charitable||activities||||—General|||||||
|Ground<br>rent|||||||||115||80|115|80|
|Interest on loans|||||||||92||84|92|84|
|Interest payable on bonds|||||||||2,873||3,803|2,873|3,803|
|Other finance costs —including|||||pension||||342||319|342|319|
|Overheads|including|staff||costs,|||depreciation|and||||||
|finance lease interest|||||||||13,021||13,487|13,273|14,047|
||||||||||16,443||17,773|16,695|18,333|
|Expenditure|on charitable||acti||vi|ties|- Pension|||||||
|Pension scheme settlement|||||||||(12,957)|||(12,957)||
||||||||||(12,957)|||(12,957)||
|Total unrestricted||resources|||expended||||16,709||26,698|3,738|18,333|
|Restri teedfunds||||||||||||||
|Expenditure|on raising funds|||||||||||||
|Overheads|||||||||440||194|||
|Depreciation|||||||||1,184||724|||
||||||||||1,624||918|||
|Expenditure<br>Overheads|on charitable||aciivuies||||||38||219|38|219|
|Depreciation|||||||||627||465|627|465|
||||||||||||684|665|684|
|Total restricted resources|||expended||||||2,289||1,602||684|





## 


## 




## 

## 

## 

|et outgoi|n|g<br>resource|s bef|ore taxation are stated a|fter charging|||||
|---|---|---|---|---|---|---|---|---|---|
|||||||Group||Company||
||||||2022||2021|2022|2021|
||||||5000||0000|5000|8000|
|Auditor's|remuneration||-Audit|ofthese financial|101||100|40|45|
|statements||||||||||
|Depreciation||ofowned assets|||3,575||3,054|11505|1,300|
|Depreciation||ofassets held under finance leases|||224||340|224|340|
|Hire ofassets under operating||||leases - other assets|129||181|129|167|
|Amortisation||ofnegative|goodwill||(205)||(205)|||
|Impairment||oftrade receivables|||||22||12|
|Inventory|recognised as||an expense||1,149||72|||



## 



## 

## 

## 

|he average number ofpersons<br>e<br>ategory, was as follows:|mployed<br>by the group<br>(includi|ng<br>dire|ctors)<br>duri|ng<br>the year analysed<br>by|ng<br>the year analysed<br>by|
|---|---|---|---|---|---|
|||Group||Company||
||2022||2021|2022|2021|
||Number||Number|Number|Number|
|Leisure|304||323|304|315|
|Maintenance|125||167|125|151|
|Administration|121||133|121|127|
|Catering|157||167|157|143|
||707||790|707|736|



|||Group||Company||
|---|---|---|---|---|---|
||2022||2021|2022|2021|
||tt000||5000|8000|6000|
|Wages and salaries|9,814||10,112|9,814|9,514|
|Social security costs|652||662|660|624|
|Other pension costs|(12800)||1,402|(12,000)|1,578|
|Redundancy<br>costs|12||863|1|708|
||(1,822)||13,039|(1,525)|12,424|



|he number of employees<br>in the group whose <br>ollows:|emoluments<br>amounted<br>to over f60,000 in t|he year was as|
|---|---|---|
||2022|2021|
|f60,001 - 670,000<br>f70,001 - 680,000|4<br>1|4<br>1|
|6100,001 - B10,000|||
|6110,001 - 6120,000|||





## 

|to the fin|ancial statements<br>(continued)||||
|---|---|---|---|---|
|Tax|||||
|Analysis afcharge iayear|||Group||
|||2022||2021|
|||6000||6000|
|Currenttax|||||
|Adjustments|in respect ofprior periods|||(76)|
|Total current|tax charge for the year|||(76)|
|Deferred tsx|||||
|Origination<br>and revetsat oftiming differences||(396)|||
|Total tax credit for the year||(396)||(68)|



|Factors affecting the tax charge for the current year|||||
|---|---|---|---|---|
|The current tax charge for the period is lower (2021:higher)|than the standard|rate ofcorporation|tax in the||
|United Kingdom,<br>which, for the period ended 31 March 2022, was 19%(2021:19%).The differences||||are|
|explained<br>below;|||||
|||2022||2021|
|||0000||f000|
|Net inooming/(outgoing)<br>resources before tax||14,079|(2,480)||
|Current tax at 19%(202/t 19%)||2,675||(471)|
|Non deductible<br>snd non taxable items||(3,032)||(121)|
|Adjustments<br>relating<br>to prior periods||(396)||(76)|
|Pension scheme adjustments||||(86)|
|Deferred tax not recognised||||536|
|Depreciation<br>in excess ofcapital allowances||i99||150|
|Tax losses||158|||
|Total tax credit for the year||(396)||(68)|





## 

## 

|egative<br>goodwill||
|---|---|
||t000|
|Cost||
|At beginning<br>aud eud ofyear|(8,741)|
|Impairment<br>lossestamortisation||
|At beginning ofyear|1,963|
|Charge for year|205|
|At eud ofyear|2,168|
|Carrying amount||
|At end ofyear|(6,573)|
|At beginning ofyear|(6,778)|



|ofSport —S|heffield building<br>and the historic grant funding<br>w|hich financed its construction.|
|---|---|---|
|Intangible|assets||
|Group|||
|||Total|
|||ROOO|
|Cost|||
|At beginning|ofyear||
|At eud ofyear||47|
|Amortisati on|||
|At beginning|ofyear|12|
|Charge for year||9|
|At end ofyear||21|
|Closing net book amonnt|||
|At end ofyear||26|
|At beginning|ofyear|35|





## 


## 

|Company||||||
|---|---|---|---|---|---|
||||||Total|
||||||g000|
|Cost||||||
|At beginning ofyear|||||45|
|At end ofyear|||||45|
|Amonisation||||||
|At beginning ofyear|||||10|
|Charge for year|||||9|
|At end ofyear|||||19|
|Closing net book amount||||||
|At end ofyear|||||26|
|At beginning ofyear|||||35|
|Tangible fixed assets||||||
|Croup||Leasehold|Fixtures,|Assets||
||Freehold|land and|fittings and|under||
||land|buildings|equipment|construction|Total|
||g000|OOOO|KOOO|f000|8000|
|Cost||||||
|At beginning ofyear|468|173,740|25,275|262|199,745|
|Additions|||63|3,556|3,619|
|Disposals|(468)||(1,735)||(2,203)|
|Transfers|||3,476|(3,476)||
|At end ofyear||173,740|27,079|342|201,161|
|Depreciation||||||
|At beginning ofyear||30,156|16,953||47,109|
|Charge for year||1,140|2,659||3,799|
|Disposals|||(1,733)||(1,733)|
|At end ofyear||31,296|17,879||49,175|
|Net book value||||||
|At end ofyear||142,444|9,200|342|151,986|
|At beginning ofyear|468|143,584|8,322|262|152,636|





## 

## 

|Company||Leasehold|Fixtures,|||
|---|---|---|---|---|---|
||Freehold|land and|tittings and|Assets Under||
||land|buildings|equipment|Construction|Total|
||8000|5000|5000|8000|8000|
|Cost||||||
|At beginning ofyear|468|141,439|9,427|188|151,522|
|Additions|||40|2,945|2,985|
|Disposais|(468)||(1,013)||(1,481)|
|Transfers|||1,822|(1,822)||
|Group Transfers|||46|(992)|(946)|
|At end ofyear||141,439|10,322|319|152,080|
|Depreciation||||||
|At beginning ofyear||20,537|5,545||26,082|
|Charge for year||449|1,280||1,729|
|Disposals|||(1,013)||(1,013)|
|At end ofyear||20,986|5,812||26,798|
|Not book &aloe||||||
|At end ofyear||120,453|4&510|319|125,282|
|At beginning ofyear|468|120,902|3,882|188|125,440|



|he following<br>are included<br>in the total ne<br>nance leases.|t book value oftangible fixed assets in respect|ofassets held under|
|---|---|---|
||Group|Company|
||Fixtures,|Fixtures,|
||fittings and|tittings and|
||equipment|equipment|
||OOOO|5000|
|2022|||
|Net book value|806|806|
|Depreciation|224|224|
|2021|||
|Net book value|1,013|1,013|
|Depreciation|340|340|





## 


|Investment<br>in|
|---|
|substdiary|
|KOOO|



|he entitie|s in|whic|h t|he charity holds|beneficial<br>interests are as follows:||||
|---|---|---|---|---|---|---|---|---|
||||||Principal|Country|of|Percentage|
||||||activity|registration||ofordinary|
|||||||||shares held|
|Subsidiary|undertakings||||||||
|Sheffield|International|||Venues Liinited|Management ofsporting and|England|and|100|
||||||entertainment<br>facilities and|Wales|||
||||||provision ofcatering and||||
||||||conferencing<br>services||||
|7Hills Leisure||Trust|||Management<br>ofsporting<br>and|England|and||
||||||recreational<br>facilities|Wales|||
|7 Hills Commercial|||Limited||Provision ofcatering services|England|and|100ss|
|||||||Wales|||
|Phoenix Sports||Limited|||Operation<br>and strategic|England|and||
||||||direction ofEnglish Institute of|Wales|||
||||||Sport- Sheffield (EISS)||||
|SIV Enterprises||Limited|||Management<br>ofsporting<br>and|England|and|100***|
||||||recreational<br>facilities, acatering|Wales|||
||||||facility and the provision of||||
||||||consultancy<br>services||||





## 

## 

## 

## 

|tocks||||||||
|---|---|---|---|---|---|---|---|
|||||Group||Company||
||||2022||2021|2022|2021|
||||5000||f000|5000|6000|
|Goods for resale|||216||123|||
|ebtors||||||||
|||||Group|||Company|
||||2022||2021|2022|2021|
||||6000||f000|5000|6000|
|Trade debtors|||434||1,480|251|891|
|Other debtors|||497||26||3|
|Prepayments||and accrued income|33,390||34,067|33,125|33,109|
|Amounts|owed by group undertakings||||||1,492|
|Corporation||tax|35||78|||
||||34,356||35,651|33476|35,495|



## 



## 

## 

|Creditors:|amounts<br>f|ailing due within one year||||||
|---|---|---|---|---|---|---|---|
|||||Group|||Company|
||||2022||2021|2022|2021|
||||8000||OOOO|8000|OOOO|
|Bank loans|(see note 17l||232||82|232|82|
|Other loans|||||1,171||1,171|
|Obligations|under finance leases (see note 17)||217||308|217|308|
|Bonds|||16,559||15,570|16,559|15,570|
|Trade creditors|||1,335||1,134|1,313|680|
|Other creditors including||taxation and social security|9,238||8,999|798|431|
|Accrusls and deferred income|||2&341||2,367|1,920|1,161|
|Amounts<br>owed to group undertakings||||||2,460|9,226|
||||29,922||29,631|23,499|28,629|



|Amounts<br>owed to group undertakings|Amounts<br>owed to group undertakings|Amounts<br>owed to group undertakings|are interest|free and repayable|free and repayable|on|demand.|||
|---|---|---|---|---|---|---|---|---|---|
|The carrying|amount|oftrade and other payables||approximates<br>to|their fair value.|||||
|Creditors:|amounts|falling due after|more than one year|||||||
||||||Group||||Company|
|||||2022|||2021|2022|2021|
|||||8000|||8000|5000|OOOO|
|Bank loans||||259|||219|259|219|
|Other loans||||3,513|||2,342|3,513|2,342|
|Obligations|under finance leases|||97|||270|97|270|
|Bonds||||17,600|||34,155|17,600|34,155|
|SheAietd City Council||||106,258|||90,688|106,258|90,688|
|||||127,727|||127,674|127&727|127,674|



## 



## 

## 

## 

## 

|he maturity ofthe bank and other loans is|due as follows:|||||
|---|---|---|---|---|---|
|||Group|||Company|
||2022||2021|2022|2021|
||5000||f000|OOOO|f000|
|Within one year|232||1,253|232|1,253|
|In the second to fifth yesis|3~772||2,561|3 772|2,561|
||4,004||3,814|4,004|3,814|



|he bonds are s<br>ff795,000.|tated net of|unamort|ised<br>issue costs off|873,000 an|d gross|ofthe unam|ortised<br>issue prem|ium|
|---|---|---|---|---|---|---|---|---|
||||||Group||Company||
|The maturities|ofthe bonds|are as follows:||2022||2021|2022|2021|
|||||5000||f000|KOOO|f000|
|Within one year||||16,559||15,570|16,559|15,570|
|In the second to fifih years||||17,600||34,155|17,600|34,155|
|||||34,159||49,725|34,159|49,725|
|The maturities|of obligations|under|the leases are as||Group||Company||
|follows:|||||||||
|||||2022||2021|2022|2021|
|||||fOOD||5000|f000|f000|
|Within one year||||217||308|217|308|
|ln the second to|fitth years|||97||270|97|270|
|||||314||578|314|578|





## 

## 

||||Accelerated tax|Other timing|2022|2021|
|---|---|---|---|---|---|---|
||||depreciation|differences|Total|Total|
||||%000|f000|$000|OOOO|
|At I April|2020||386|(249)|137|(1,413)|
|Movement|in|year|10|(598)|(588)|1,550|
|At 31 March||2021 &I April 2021|396|(847)|(451)|137|
|Movernentin||year|(259)|(314)|(573)|(588)|
|At 31March||2022|137|(1,161)|(1,024)|(451)|
|Recognised||||||396|
|Unrecognised|||137|(1,161)|(1,024)|(847)|
||||137|(1,161)|(1,024)|(451)|



## 

## 

|nalysis ofgroup|net|assets|betwee|n funds||||||
|---|---|---|---|---|---|---|---|---|---|
||||||2022|||2021||
|||||Unrestricted|||Unrestricted|||
|||||(designated|||(designated|||
|||||and|Restricted|Total|and|Restricted|Total|
|||||general)|||general)|||
|||||6000|f000|f000|f000|f000|f000|
|Tangible fixed assets||||119,644|32342|151,986|121,948|30,688|152,636|
|Intangible<br>Assets||||26||26|35||35|
|Net current assets||||12,618||12,618|10,290||10,290|
|Liabilities<br>falling|due|after|more|(127,727)||(127,727)|(127,674)||(127,674)|
|than one year||||||||||
|Provision for liabilities||and charges|||||(396)||(396)|
|Pension liability (note 21)|||||||(15,935)||(15,935)|
|Negative goodwill||||(6&573)||(6,573)|(6,778)||(6,778)|
|Net assets as at31|March 2022|||(2,012)|32342|30330|(18,510)|30,688|12,178|





## 

## 

|Annual|commitments|commitments|under non-cancellable|operating|leases are as|follows:||||
|---|---|---|---|---|---|---|---|---|---|
||||||Group|||Company||
||||||2022|2021|2022||2021|
||||||OOOO|fOOO|OOOO||f000|
|Operating||leases which|expire:|||||||
|Within||one year|||173|142|173||142|
|In|the|second to fifih years inclusive|||326|361|326||361|
|More||than five years|||493|559|493||559|
||||||992|1,062|992||1,062|



## 

## 

## 

## 

|periods shown.||||||||
|---|---|---|---|---|---|---|---|
||||2022|||2021||
|||South|Norah||South|North||
|||Yorkahlra|Yorkshire|Total|Yorkshire|Yorkshire|Total|
|||g000|OOOO|igloo|6000|f000|POOO|
|Present value offunded|defined bauetit|||||||
|obligations|||||(64,464)||(64,464)|
|Fair value ofplan assets|||||48,570||45,570|
||||||(15,1!94)||(15,894)|
|Present value ofunfunded|defined benefit|||||||
|obligations|||||(41)||(41)|
|Nut liability|||||(15,935)||(15,935)|





## 

## 

|Movements<br>in|present|present|present|value ofdefined benefit|obligation||||||
|---|---|---|---|---|---|---|---|---|---|---|
|||||||2022|||2021||
||||||South|North||South|North||
||||||Yorkshire|Yorkshire|Total|Yorkshire|Yorkshire|Total|
||||||8000|5000|8000|fOOO|fOOO|ZOOO|
|At beginning<br>of||year|||64,505||64405|53,777|2,325|56,102|
|Current service||cost|||791||791|828|41|869|
|Interest cost|||||1,365||1365|1,284|44|1,328|
|Curtailment||||||||230|8|238|
|Actuarial<br>losses||||||||9,072|925|9,997|
|Contributions<br>by members|||||133||133|169|7|176|
|Benefits paid|||||(248)||(248)|(855)|(46)|(901)|
|Settlements|||||(66,546)||(66~6)||(3,304)|(3.304)|
|At end ofyear||||||||64,505||64,505|
|Movements<br>in|fair||value ofplan assets||||||||
|||||||2022|||2021||
||||||South|North||South|North||
||||||Yorkshire|Yorkshire|Total|Yorkshire|Yorkshire|Total|
||||||8000|f000|5000|fOOO|KOOO|OOOO|
|At beginning|ofyear||||48,570||48,570|40,688|2,425|43„113|
|Expected return||on|plan assets||1,023||1,023|977|47|1,024|
|Actuarial<br>gains|||||3,677||3,677|6,886|581|7,467|
|Administration||expenses||||||(12)||(12)|
|Contributions|by employer||||434||434|717|61|778|
|Contributions|by members||||133||133|169|7|176|
|Benefits paid|||||(248)||(248)|(855)|(46)|(901)|
|Settlements|||||(53,589)||(53,589)||(3,075)|(3,075)|
|At end ofyear||||||||48,570||48,570|
|Expense recognised|||in the statement offinancial activities||||||||
|||||||2022|||2021||
||||||South|North||South|North||
||||||Yorkshire|Yorkshire|Total|Yorkshire|Yorkshire|Total|
||||||6000|6000|6000|f000|IOOO|6000|
|Current service|cost||||791||791|828|41|869|
|Effectofcurtailments||||||||230|8|238|
|Liabilities extinguished||||on settlement|(66,546)||(66,546)||(3,304)|(3,304)|
|Assets distributed||on|settlement||53,589||53,589||3,075|3.075|
|Administration|expenses|||||||12||12|
|Interest on detined benefit pension plan obhgation|||||1365||1/65|1284|44|1,328|
|Expected return||on defined benefit pension plan assets|||(1,023)||(1,023)|(977)|(47)|(1,024)|
|Total|||||(11,824)||(Itdt24)|I;377|(183)|1.194|





## 

## 

|he e|xpense|is recognised<br>in the fol|lowing<br>line items in t|he statement|offinanci|al activitie|s:||
|---|---|---|---|---|---|---|---|---|
|||||2022|||2021||
||||South|North||South|North||
||||Yorkshire|Yorkshire|Tutu(|Yorkshire|Yorkshire|Total|
||||6000|6000|6000|6000|f000|6000|
|Staff|costs||(12,166)||(12,166)|1,070|(180)|890|
|Other|finance|(income)tcusts|342||342|307|(3)|304|
|Total|||(11/24)||(11,824)|1,377|(183)|1,194|



|(2021: 62,530|(2021: 62,530|,000loss).|||||||
|---|---|---|---|---|---|---|---|---|
|The fair value||ofthe plan assets and the|return on those assets were as||follows:||||
|||||2022|||2021||
||||South|Nortb||South|North||
||||Yorkshire|Yurksbire|Total|Yorkshire|Yorkshire|Total|
||||8000|OOOO|%000|f000|f.000|f000|
|Equities||||||23,847||23,847|
|Government|debt|||||6,557||6,557|
|Corporate|bonds|||||3,983||3,983|
|Property||||||4,420||4,420|
|Other||||||9,763||9,763|
|Total||||||48,570||48,570|
|Actual return||on plan assets|4,700||4,700|7,862|628|8,490|



|South Yorkshire pension|scheme|2022|2021|
|---|---|---|---|
|Discount rate||2.7|2.1|
|Expected rate ofreturn<br>on plan assets||2.7|2.1|
|Rate ofincrease in salaries||4.2|4.0|
|Rate ofinflation||3.7|2.7|
|Rate ofincrease in pensions||3.2|2.8|





## 

## 

|Pension schemes (continued)<br>History ofplans|Pension schemes (continued)<br>History ofplans|Pension schemes (continued)<br>History ofplans|Pension schemes (continued)<br>History ofplans||||
|---|---|---|---|---|---|---|
|The history ofthe plans for the current and prior periods is as follows:|||||||
|Balance sheet|||||||
|South Yorkshire pension scheme||2021|2020|2019|2018|2017|
|||8000|8000|8000|f000|f000|
|Present value ofscheme liabilities||(64,464)|(53,737)|(56,576)|(51,700)|(53,562)|
|Fair value ofscheme assets||48,570|40,688|43,435|41,748|40,355|
|Present value ofunfunded|defined||||||
|benefit obligations||(41)|(40)|(54)|(55)|(59)|
|Deficit||(15,935)|(13,089)|(13,195)|(10,007)|(13,266)|
|Experience<br>adj us/ments|||||||
||2022|2021|2020|2019|2018|2017|
|Experience losses/(gains)|on scheme||||||
|liabilities as apercentage|ofscheme||||||
|liabilities||14.1|(8.4)|6.1|(7.1)|19.4|
|Experience gains/(losses)|on scheme||||||
|assets asapercentage ofscheme assets||14.2|(8.7)|3.0|1.5|15.5|



## 

## 

|ponsoring<br>employer<br>or has been allocated a share ofcost un<br>eriods shown.|der<br>an agreed group policy|throughout<br>the|
|---|---|---|
||2022|2021|
||8000|i000|
|Present value offunded defined benefit obligations||(64,505)|
|Fair value ofplan assets||48,570|
|Net liability||(15,935)|





## 

## 

## 

|Movements<br>in present|value ofdefine|d benefit o|bligation|||
|---|---|---|---|---|---|
|||||2022|2021|
|||||8000|f000|
|At beginning ofyear||||64,505|53,777|
|Current service cost||||791|828|
|Interest cost||||1,365|1,284|
|Curtailment|||||230|
|Actuarial<br>losses|||||9,072|
|Contributions<br>by members||||133|169|
|Benefits paid||||(248)|(855)|
|Settlements||||(66&546)||
|At end ofyear|||||64,505|
|Movementsin fair value ofplan assets||||||
|||||2022|2021|
|||||0000|f000|
|At beginning ofyear||||48,570|40,688|
|Expected return on plan assets||||1,023|977|
|Actuarial<br>gains||||3,677|6,886|
|Administration<br>expenses|||||(12)|
|Contributions<br>by employer||||434|717|
|Contributions<br>by members||||133|169|
|Benefits paid||||(248)|(855)|
|Settlements||||(53,589)||
|At end ofyear|||||48,570|
|Expense recognised in|the statement|offinancial|activities|||
|||||2022|2021|
|||||5000|f000|
|Current<br>service cost||||791|828|
|Effect ofcurtailments|||||230|
|Liabilities extinguished|on settlement|||(66,546)||
|Assets distributed<br>om settlement||||53,589||
|Interest on defined benefit pension plan||obligation||1,365|1,284|
|Expected return<br>on defined benefit pension plan assets||||(1,023)|(977)|
|Administration<br>expenses|||||12|
|Total||||(11,824)|1,377|





## 

## 

## 

||||||2022|2021|
|---|---|---|---|---|---|---|
||||||8000|8000|
|Staff costs|||||(12,166)|1,070|
|Other finance income|||||342|307|
|Total|||||(11,824)|1,377|
|The total company<br>f3,677,000 (2021:|amount<br>recognised<br>E2,186,000loss).||in the statement|offinancial|activities in respect ofactuarial|gain is|



|he fair valu|e|ofthe plan assets and the return on tho|se assets were as follows;||
|---|---|---|---|---|
||||2022|2021|
||||Fair value|Fair value|
||||%000|OOOO|
|Equities||||23,847|
|Government|debt|||6,557|
|Corporate bonds||||3,983|
|Property||||4,420|
|Other||||9,763|
|Total||||48,570|
|Actual return||on plan assets|4,700|7,862|





## 

## 

## 

## 

## 

## 



## 

## 

## 

## 

## 

## 

##